From: "Tom Worley" Subject: Re: [CANSLIM] Tomorrow -off topic Date: 01 Aug 2002 06:31:02 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_003C_01C23925.01DAE0D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Nancy,=20 Much as I like low priced, small and micro (and this is definitely = micro) cap stocks, even I would not touch this one. I have to agree = completely with what Katherine posted yesterday, this is definitely not = a CANSLIM stock even by my loose definitions. ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 6:04 PM Donald-I did a little checking on LNOP when I read your post. I am = always interested in new products and in some cases will buy in and wait = for the business to develop and the fundamentals to improve, to buy low. = Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow=20 I'm so glad to hear from someone in the thick of things that tells me = that emotions, rather than hide-bound calculations ,rule the day in = the market. In truth, I'd rather take a risk, based on the sentiment of = the marketplace together with some reasonable input, than to always hang = my hat on CANSLIM. For example, early this morning I came within a = hair of buying into AYE, not because I thought it was a great investment = but because, at the opening bell it was paying close to %10 in = dividends and I knew in my heart that that would not last. Rather, I = thought I could easily take a %10 to %15 profit by buying early and = selling late today, since, no doubt, the brokers would be pushing the = stock. As it turned out, the ere was more that %10 invloved However, = I found a potentially more favorable, but admittedly longer term = investment, that is, LNOP. for less that its closing price. I'd rather = run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains. = It's all a matter of perspective ------ Donald=20 ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow=20 Heck, it was just the wise guys pushing the market up at the end. = Check the volume. Today was month end and they were trying to pretty up = things. The turnaround looks very suspicious from my perspective = particularly as almost all of the recent ones have occurred after 3 p.m. = in NY including this one. For me, I'll look at what the overseas markets are doing and the = pre-market NASDAQ indicator before getting too excited. Further more, = they were substantially more new lows than new highs for both the NYSE = and the NASDAQ.=20 But emotions, not facts, rule markets even among the big players. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow=20 "Tomorrow, tomorrow, there's always tomorrow, it's only a day = away." And I suspect that it will be a be a Bull day tomorrow given = the turn-around in todays trading. At this writing we are not yet = closed, but we are far, far up from today's earlier market weakness, = which normally bodes well for tomorrow. So-- to everyone in the Group i = bid you a Happy Tomorrow! - - Donald=20 ------=_NextPart_000_003C_01C23925.01DAE0D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Nancy,
 
Much as I like low priced, small and micro (and = this is=20 definitely micro) cap stocks, even I would not touch this one. I have to = agree=20 completely with what Katherine posted yesterday, this is definitely not = a=20 CANSLIM stock even by my loose definitions.
 
----- Original Message -----=20
From: zillagirl
To: canslim@lists.xmission.com=
Sent: Wednesday, July 31, 2002 6:04 PM
Subject: Re: [CANSLIM] Tomorrow -off topic

Donald-I did a little checking on LNOP = when I read=20 your post. I am always interested in new products and in some cases will = buy in=20 and wait for the business to develop and the fundamentals to improve, to = buy=20 low. Apparently EZ Chip won the award for the most highly = integrated 10=20 Gigabit network processor.  This company is a subsidiary of Lan = Optics(semi=20 conductor company). Lan optics holding in EZ Chip was just increased = from 57% to=20 66 % by issuing Apax-a venture capitalist co. who held the shares- 1.2 = million=20 newly issued shares of Lan Optics, for their additional stake. The EZ = Chip is=20 suppose to save time and money of up to 80%.  I have three = things that=20 kept me from going further and checking acc.-roe-rs etc. 1).Possible = dilution of=20 Lan Optic share by 1.2 million.      2) They = are not=20 anticipating sales to affect revenues for apx. 1 year. 3)  Semis = not=20 shining lately .I appreciate your bringing it to my attention and I will = follow=20 it , but I think with the market like it is there may be a better buy in = opportunity closer to when company starts to grow from the new = product. But=20 I could be just as wrong as right. I got my research from T.D. = Waterhouse web=20 site.  Good Luck with it.  nancy
----- Original Message -----
From:=20 Donald = Wallker=20
To: canslim@lists.xmission.com=
Sent: Wednesday, July 31, 2002 = 2:21=20 PM
Subject: Re: [CANSLIM] Tomorrow =

I'm so glad to hear from someone in = the thick of=20 things that tells me that emotions, rather  than=20  hide-bound  calculations ,rule the day in the market.  = In=20 truth, I'd rather take a risk, based on the sentiment of the = marketplace=20 together with some reasonable input, than to always hang my hat on=20 CANSLIM.   For example, early this morning  I came = within a=20 hair of buying into AYE, not because I thought it was a great = investment but=20 because, at the opening bell it was paying close to %10  in=20 dividends and  I knew in my heart that that would not last.  = Rather,=20 I thought I could easily take a %10 to %15 profit  by buying = early and=20 selling late today, since, no doubt, the brokers would be pushing the=20 stock.  As it turned out, the ere was more that %10  = invloved =20 However,  I found a potentially more favorable,  but = admittedly=20 longer term investment, that is, LNOP. for less that its closing = price. I'd=20 rather run a risk for a %500 gain than c\to ontinuously rake in %10 = plus=20 gains.  It's all a matter of perspective ------ Donald=20
----- Original Message -----
From:=20 Fred = Richards=20
Sent: Wednesday, July 31, = 2002 4:46=20 PM
Subject: RE: [CANSLIM] = Tomorrow

Heck, it was just the wise guys pushing the market up at = the end.=20 Check the volume. Today was month end and they were trying to pretty = up=20 things. The turnaround looks very suspicious from my = perspective=20 particularly as almost all of the recent ones have occurred after 3 = p.m. in=20 NY including this one.
 
For me, I'll look at what the overseas markets are doing = and the=20 pre-market NASDAQ indicator before getting too excited. Further = more, they=20 were substantially more new lows than new highs for both the NYSE = and the=20 NASDAQ.
 
But emotions, not facts, rule markets even among the big=20 players.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Donald=20 Wallker
Sent: Wednesday, July 31, 2002 3:06 = PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Tomorrow=20

"Tomorrow, tomorrow, there's = always tomorrow,=20 it's only a day away."  And  I suspect that it will be a = be a=20 Bull day tomorrow given the turn-around in todays trading.  = At this=20 writing we are not yet closed, but we are far, far up = from today's=20   earlier market weakness, which normally bodes well for=20 tomorrow.  So-- to everyone in the Group i bid you a =  Happy=20 Tomorrow! - -=20 Donald 
------=_NextPart_000_003C_01C23925.01DAE0D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] banks Date: 01 Aug 2002 07:53:26 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_001E_01C23930.84AC6820 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable HI Mike, If approved, this is an all cash deal at $15.10 a share. That means your = returns are capped at $.23/share less commissions. Katherine ----- Original Message -----=20 From: michael_niemotka@baxter.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:20 PM Subject: Re: [CANSLIM] banks Bought in this morning at 14.87....It had been on my watch list since = I saw in it "stocks in the news" a couple of weeks back..... News today = about a buyout. Go VIBC!!!! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ann To: "CANSLIM Listserv" Sent by: cc: owner-canslim@lists.xm Subject: = [CANSLIM] banks ission.com 07/31/2002 10:07 AM Please respond to canslim It seems that the bank stocks are defying the M. Did anyone catch VIBC?? Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_001E_01C23930.84AC6820 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
HI Mike,
 
If approved, this is an all cash deal at $15.10 a share. That means = your=20 returns are capped at $.23/share less commissions.
 
Katherine
----- Original Message -----
From:=20 michael_niemotka@baxter.com=20
Sent: Wednesday, July 31, 2002 = 4:20=20 PM
Subject: Re: [CANSLIM] = banks


Bought in this morning at 14.87....It had been on = my watch=20 list since I saw
in it "stocks in the news" a couple of weeks = back.....=20 News today about a
buyout.

Go VIBC!!!!


Mike = Niemotka ,=20 PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route = 120=20 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax = (847)=20 270-4525
michael_niemotka@baxter.com



         &= nbsp;         =20 = Ann

          &n= bsp;        =20 <annholly@attbi.com>  =        =20 To:     "CANSLIM
Listserv" <canslim@lists.xmission.com= >
           = ;        =20 Sent=20 = by:           &nbs= p;         =20 = cc:

          &n= bsp;        =20 owner-canslim@lists.xm &n= bsp;     =20 Subject:    =20 = [CANSLIM]
banks
        &nb= sp;          =20 = ission.com



        = ;           =20 07/31/2002 10:07=20 = AM

          &nb= sp;        =20 Please respond=20 = to

          &nb= sp;        =20 canslim







It seems that the bank stocks = are=20 defying the M.

Did anyone catch = VIBC??

Ann


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.









-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_001E_01C23930.84AC6820-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] banks Date: 01 Aug 2002 08:55:21 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_010E_01C23939.2ADCFCC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable and your capital is tied up for months at least for that return, during = which anything might happen in the market, including the deal even = falling apart (or getting sweetened). ----- Original Message -----=20 Sent: Thursday, August 01, 2002 8:53 AM HI Mike, If approved, this is an all cash deal at $15.10 a share. That means your = returns are capped at $.23/share less commissions. Katherine ----- Original Message -----=20 From: michael_niemotka@baxter.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:20 PM Subject: Re: [CANSLIM] banks Bought in this morning at 14.87....It had been on my watch list since = I saw in it "stocks in the news" a couple of weeks back..... News today = about a buyout. Go VIBC!!!! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ann To: "CANSLIM Listserv" Sent by: cc: owner-canslim@lists.xm Subject: = [CANSLIM] banks ission.com 07/31/2002 10:07 AM Please respond to canslim It seems that the bank stocks are defying the M. Did anyone catch VIBC?? Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_010E_01C23939.2ADCFCC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
and your capital is tied up for months at least = for that=20 return, during which anything might happen in the market, including the = deal=20 even falling apart (or getting sweetened).
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Thursday, August 01, 2002 8:53 AM
Subject: Re: [CANSLIM] banks

HI Mike,
 
If approved, this is an all cash deal at $15.10 a share. That means = your=20 returns are capped at $.23/share less commissions.
 
Katherine
----- Original Message -----
From:=20 michael_niemotka@baxter.com=20
Sent: Wednesday, July 31, 2002 = 4:20=20 PM
Subject: Re: [CANSLIM] = banks


Bought in this morning at 14.87....It had been on = my watch=20 list since I saw
in it "stocks in the news" a couple of weeks = back.....=20 News today about a
buyout.

Go VIBC!!!!


Mike = Niemotka ,=20 PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route = 120=20 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax = (847)=20 270-4525
michael_niemotka@baxter.com



         &= nbsp;         =20 = Ann

          &n= bsp;        =20 <annholly@attbi.com>  =        =20 To:     "CANSLIM
Listserv" <canslim@lists.xmission.com= >
           = ;        =20 Sent=20 = by:           &nbs= p;         =20 = cc:

          &n= bsp;        =20 owner-canslim@lists.xm &n= bsp;     =20 Subject:    =20 = [CANSLIM]
banks
        &nb= sp;          =20 = ission.com



        = ;           =20 07/31/2002 10:07=20 = AM

          &nb= sp;        =20 Please respond=20 = to

          &nb= sp;        =20 canslim







It seems that the bank stocks = are=20 defying the M.

Did anyone catch = VIBC??

Ann


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.









-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_010E_01C23939.2ADCFCC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] buying/bear/new bull Date: 01 Aug 2002 07:56:52 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0026_01C23930.FF928100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable WOW, Ann...what a terrific summary. Thanks for posting it...I'll be = adding it to my CANSLIM binder. Katherine ----- Original Message -----=20 From: Ann=20 To: CANSLIM Listserv=20 Sent: Wednesday, July 31, 2002 7:26 PM Subject: [CANSLIM] buying/bear/new bull I gleaned the following from Investors Corner, HTMMIS (3rd ed.), = notes, Duke's TV transcription, and various messages sent by the wise and experienced contributors to this list over the past few weeks/months! Please correct me if any of the info is wrong. It's also not very well organized. ******** CANSLIM Buying at the end of Bear Market 7/02 Go beyond Follow Through Day for guarantee of M returning. Bases may go as low as 40-50% if huge prior advance. Base may not have handle during beginning of Bull. Stocks may try to = stage breakout from deep within bases. See whether they can break the = resistance. (2/3 of those won't make it, WON says elsewhere) Flat bases may be especially powerful (refused to go lower in Bear). = Also, base-on-base formations, ascending bases. Ok if handle is down 20-30%; some handles may form higher than left rim. But cup and handle should still be proportional. Bases may be formed below all-time high. Look for healthy, long base. Look for base patterns which deteriorated the least during the Bear (abnormal strength in weak market), hold up as well as, or better than averages. Buy within 2-3% of pivot point. No pyramiding until the Bull is well underway. Beware of faults in bases-wide, loose bases; or bases that are too = short. Odds of success lower if stock breaks out to 52-week high (not = all-time high), but some turnarounds or cyclicals become winners, due to change = in M or fundies. Look for other positive factors. Bases may take years to = reach old highs. In emerging Bull, stock may gap up on b.o. Can buy, but put less money = in than you usually do, for protection. Only sell if drops below your = pivot. If pulls back on lighter volume, it's ok. WON (on Kudlow and Cramer): I would be looking for stocks that have = 10-12 quarters in a row of earnings up with acceleration in earnings. = (Thanks, Duke.) Elsewhere, I had written down 5-10 consecutive quarters of sustained profit growth and accelerating growth rates. Stocks whose earnings estimates buck the trends. Ann ------=_NextPart_000_0026_01C23930.FF928100 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
WOW, Ann...what a terrific summary. Thanks for posting it...I'll be = adding=20 it to my CANSLIM binder.
 
Katherine
----- Original Message -----
From:=20 Ann
Sent: Wednesday, July 31, 2002 = 7:26=20 PM
Subject: [CANSLIM] = buying/bear/new=20 bull

I gleaned the following from Investors Corner, HTMMIS = (3rd=20 ed.), notes,
Duke's TV transcription, and various messages sent by = the wise=20 and
experienced contributors to this list over the past few=20 weeks/months!

Please correct me if any of the info is wrong. = It's also=20 not very well
organized.

********
CANSLIM Buying at the = end of=20 Bear Market
7/02

Go beyond Follow Through Day for guarantee = of M=20 returning.

Bases may go as low as 40-50% if huge prior=20 advance.

Base may not have handle during beginning of Bull. = Stocks may=20 try to stage
breakout from deep within bases. See whether they can = break=20 the resistance.
(2/3 of those won't make it, WON says=20 elsewhere)

Flat bases may be especially powerful (refused to go = lower=20 in Bear). Also,
base-on-base formations, ascending bases.

Ok = if=20 handle is down 20-30%; some handles may form higher than left
rim. = But cup=20 and handle should still be proportional.

Bases may be formed = below=20 all-time high. Look for healthy, long base.

Look for base = patterns=20 which deteriorated the least during the Bear
(abnormal strength in = weak=20 market), hold up as well as, or better than
averages.

Buy = within=20 2-3% of pivot point. No pyramiding until the Bull is=20 well
underway.

Beware of faults in bases-wide, loose bases; = or bases=20 that are too short.

Odds of success lower if stock breaks out = to=20 52-week high (not all-time
high), but some turnarounds or cyclicals = become=20 winners, due to change in M
or fundies. Look for other positive = factors.=20 Bases may take years to reach
old highs.

In emerging Bull, = stock may=20 gap up on b.o. Can buy, but put less money in
than you usually do, = for=20 protection. Only sell if drops below your pivot. If
pulls back on = lighter=20 volume, it's ok.

WON (on Kudlow and Cramer): I would be looking = for=20 stocks that have 10-12
quarters in a row of earnings up with = acceleration=20 in earnings. (Thanks,
Duke.)   Elsewhere, I had written = down 5-10=20 consecutive quarters of
sustained profit growth and accelerating = growth=20 rates.


Stocks whose earnings estimates buck the=20 trends.

Ann
------=_NextPart_000_0026_01C23930.FF928100-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 08:20:26 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_003C_01C23934.4A170360 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't see the discussion of LNOP as off-topic, instead I see it as an = opportunity to practice the CANSLIM discipline. I've always believed = that what you *don't* buy is often more important than what you *do* = buy. Part of knowing what's worthy of an investment with your risk = capital is to have a disciplined approach to evaluating each potential = investment, and the CANSLIM list is a good place to practice. Following = that discipline without exception makes the difference between OK and = excellent returns, because that methodical process eliminates every = emotional dark turn from your decision making. While it may seem that = folks will post nothing but negative about a particular stock, it's = important to have a methodology that weighs the pros and cons and then = gives you a process to determine if the final weight is favorable given = the risk/reward tradeoff. In the end, there's not a single investment = decision that won't have odds. You stack those odds in your favor as = best you can and then take the plunge. But.....odds also imply that, = even if you've followed a discipline to the letter, there's *still* a = chance that it will work against you. Discipline then takes over when = you are forced to let go and move on to an alternative. While were talking psychology, I'll just answer your question about "the = mass investor thing" by saying that it is more important to know what = *is* than *why* it is. Chart patterns are formed because folks on the = way up have differing objectives. Some have been in for a while and are = simply taking their profits and moving on to another investment, some = are taking money out of the stock because they know something about the = business/company/industry/market that others haven't yet perceived, = still others are fearful that they'll miss the boat or that they'll lose = their profits if they overstay their welcome. That causes a correction = of some sort. If there is another group of investors willing to step up = to the plate, then the stock will form some sort of consolidation, set = up and keep moving on. If there is not, then the stock falls. I wouldn't = obsess about the why's, just the how-to's. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 6:04 PM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thank you Katherine-that's why I went off topic. He requested opinions = earlier and it interested me so I gave one. Is this o.k., to go off = topic or is it necessary to word it in a canslim type format as you = did? Also could I request your opinion on something. I sent a post this = morning about a W chart-I believe you sent the chart through. The = charts and volume thing is driving me nuts because I'm not seeing it. I = saw a run up and a shake out - a run up and a shake out. Do you have = any advice or thoughts as to why and what to do-or do you see the same = thing at all? I don't understand the mass investor thing that makes a W = or triple bottom happen like I do the cup with a handle. I was hoping to = get a response but didn't, because I'm frustrated by it. But if no = thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 3:42 PM Subject: [CANSLIM] LNOP (was Tomorrow -off topic) Donald & Nancy, Here are the only facts you need to see this is a stinky stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a = technology with "potential"....but the only way to make (and keep) real = money over the long run is to stick to a discipline and this stock meets = absolutely zero CANSLIM criteria. If this were a short term trading = forum, then we'd be having an different discussion about an entirely = different discipline. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 5:04 PM Subject: Re: [CANSLIM] Tomorrow -off topic Donald-I did a little checking on LNOP when I read your post. I am = always interested in new products and in some cases will buy in and wait = for the business to develop and the fundamentals to improve, to buy low. = Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow=20 I'm so glad to hear from someone in the thick of things that = tells me that emotions, rather than hide-bound calculations ,rule the = day in the market. In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable input, than = to always hang my hat on CANSLIM. For example, early this morning I = came within a hair of buying into AYE, not because I thought it was a = great investment but because, at the opening bell it was paying close to = %10 in dividends and I knew in my heart that that would not last. = Rather, I thought I could easily take a %10 to %15 profit by buying = early and selling late today, since, no doubt, the brokers would be = pushing the stock. As it turned out, the ere was more that %10 = invloved However, I found a potentially more favorable, but = admittedly longer term investment, that is, LNOP. for less that its = closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains. It's all a matter of perspective = ------ Donald=20 ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow=20 Heck, it was just the wise guys pushing the market up at the = end. Check the volume. Today was month end and they were trying to = pretty up things. The turnaround looks very suspicious from my = perspective particularly as almost all of the recent ones have occurred = after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing and = the pre-market NASDAQ indicator before getting too excited. Further = more, they were substantially more new lows than new highs for both the = NYSE and the NASDAQ.=20 But emotions, not facts, rule markets even among the big = players. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow=20 "Tomorrow, tomorrow, there's always tomorrow, it's only a = day away." And I suspect that it will be a be a Bull day tomorrow = given the turn-around in todays trading. At this writing we are not yet = closed, but we are far, far up from today's earlier market weakness, = which normally bodes well for tomorrow. So-- to everyone in the Group i = bid you a Happy Tomorrow! - - Donald=20 ------=_NextPart_000_003C_01C23934.4A170360 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't see the discussion of LNOP as off-topic, instead I see it = as an=20 opportunity to practice the CANSLIM discipline. I've always believed = that what=20 you *don't* buy is often more important than what you *do* buy. Part of = knowing=20 what's worthy of an investment with your risk capital is to have a = disciplined=20 approach to evaluating each potential investment, and the CANSLIM list = is a good=20 place to practice. Following that discipline without exception makes the = difference between OK and excellent returns, because that methodical = process=20 eliminates every emotional dark turn from your decision making. While it = may=20 seem that folks will post nothing but negative about a particular stock, = it's=20 important to have a methodology that weighs the pros and cons and then = gives you=20 a process to determine if the final weight is favorable given the = risk/reward=20 tradeoff. In the end, there's not a single investment decision that = won't have=20 odds. You stack those odds in your favor as best you can and then take = the=20 plunge. But.....odds also imply that, even if you've followed a = discipline to=20 the letter, there's *still* a chance that it will work against you. = Discipline=20 then takes over when you are forced to let go and move on to an=20 alternative.
 
While were talking psychology, I'll just answer your question about = "the=20 mass investor thing" by saying that it is more important to know what = *is* than=20 *why* it is. Chart patterns are formed because folks on the way up have=20 differing objectives. Some have been in for a while and are simply = taking their=20 profits and moving on to another investment, some are taking money out = of the=20 stock because they know something about the = business/company/industry/market=20 that others haven't yet perceived, still others are fearful that they'll = miss=20 the boat or that they'll lose their profits if they overstay their = welcome. That=20 causes a correction of some sort. If there is another group of investors = willing=20 to step up to the plate, then the stock will form some sort of = consolidation,=20 set up and keep moving on. If there is not, then the stock falls. I = wouldn't=20 obsess about the why's, just the how-to's.
 
Katherine
----- Original Message -----
From:=20 zillagirl
Sent: Wednesday, July 31, 2002 = 6:04=20 PM
Subject: Re: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

Thank you Katherine-that's why I went = off topic.=20 He requested opinions earlier and it interested me so I gave one. Is = this=20 o.k., to go off topic or  is it necessary to word it in a canslim = type=20 format as you did?  Also could I request your opinion on = something. I=20 sent a post this morning about a W chart-I believe you sent the chart=20 through.  The charts and volume thing is driving me nuts because = I'm not=20 seeing it.  I saw a run up and a shake out - a run up and a shake = out.  Do you have any advice or thoughts as to why and what to = do-or do=20 you see the same thing at all? I don't understand the mass = investor=20 thing that makes a W or triple bottom happen like I do the cup with a = handle.=20 I was hoping to get a response but didn't, because I'm frustrated = by it.=20 But if no thoughts on how to help, appreciate your time.  Thanks=20 Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP (was = Tomorrow=20 -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky = stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a = technology=20 with "potential"....but the only way to make (and keep) real money = over the=20 long run is to stick to a discipline and this stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an entirely = different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 5:04=20 PM
Subject: Re: [CANSLIM] = Tomorrow -off=20 topic

Donald-I did a little checking on = LNOP when I=20 read your post. I am always interested in new products and in some = cases=20 will buy in and wait for the business to develop and the = fundamentals to=20 improve, to buy low. Apparently EZ Chip won the award for the = most=20 highly integrated 10 Gigabit network processor.  This company = is a=20 subsidiary of Lan Optics(semi conductor company). Lan optics = holding in EZ=20 Chip was just increased from 57% to 66 % by issuing Apax-a venture = capitalist co. who held the shares- 1.2 million newly issued = shares of Lan=20 Optics, for their additional stake. The EZ Chip is suppose to save = time=20 and money of up to 80%.  I have three things that kept = me from=20 going further and checking acc.-roe-rs etc. 1).Possible dilution = of Lan=20 Optic share by 1.2 million.      2) They = are not=20 anticipating sales to affect revenues for apx. 1 year. 3)  = Semis not=20 shining lately .I appreciate your bringing it to my attention and = I will=20 follow it , but I think with the market like it is there may be a = better=20 buy in opportunity closer to when company starts to grow from the = new=20 product. But I could be just as wrong as right. I got my = research=20 from T.D. Waterhouse web site.  Good Luck with it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 2:21=20 PM
Subject: Re: [CANSLIM] = Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the = market. =20 In truth, I'd rather take a risk, based on the sentiment of the=20 marketplace together with some reasonable input, than to always = hang my=20 hat on CANSLIM.   For example, early this morning =  I came=20 within a hair of buying into AYE, not because I thought it was a = great=20 investment but because, at the opening bell it was = paying close to=20 %10  in dividends and  I knew in my heart that that = would not=20 last.  Rather, I thought I could easily take a %10 to %15=20 profit  by buying early and selling late today, since, no = doubt,=20 the brokers would be pushing the stock.  As it turned out, = the ere=20 was more that %10  invloved  However,  I found a=20 potentially more favorable,  but admittedly longer = term=20 investment, that is, LNOP. for less that its closing price. I'd = rather=20 run a risk for a %500 gain than c\to ontinuously rake in %10 = plus=20 gains.  It's all a matter of = perspective ------ Donald=20
----- Original Message ----- =
From:=20 Fred = Richards=20
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 4:46 PM
Subject: RE: [CANSLIM] = Tomorrow=20

Heck, it was just the wise guys pushing the market up = at the=20 end. Check the volume. Today was month end and they were = trying to=20 pretty up things. The turnaround looks very suspicious = from my=20 perspective particularly as almost all of the recent ones have = occurred after 3 p.m. in NY including this = one.
 
For me, I'll look at what the overseas markets are = doing and=20 the pre-market NASDAQ indicator before getting too excited. = Further=20 more, they were substantially more new lows than new highs for = both=20 the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among the = big=20 players.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Donald=20 Wallker
Sent: Wednesday, July 31, 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I suspect = that it=20 will be a be a Bull day tomorrow given the turn-around in = todays=20 trading.  At this writing we are not yet closed, but we = are=20 far, far up from today's   earlier market = weakness, which=20 normally bodes well for tomorrow.  So-- to everyone in=20 the Group i bid you a  Happy Tomorrow! - -=20 = Donald 
------=_NextPart_000_003C_01C23934.4A170360-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] banks Date: 01 Aug 2002 08:30:57 -0500 Bought in this morning at 14.87....It had been on my watch list since I saw in it "stocks in the news" a couple of weeks back..... News today about a buyout. Go VIBC!!!! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ann To: "CANSLIM Listserv" Sent by: cc: owner-canslim@lists.xm Subject: [CANSLIM] banks ission.com 07/31/2002 10:07 AM Please respond to canslim It seems that the bank stocks are defying the M. Did anyone catch VIBC?? Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] LNOP Date: 01 Aug 2002 09:32:56 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0005_01C2393E.6AF26020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine ---------I agree with you about the financials of LNOP, that = is, they stink..On the other hand, I did not tout LNOP as an investment, = CANSLIM or otherwise. Rather I offered it to the group as something = they could scratch their heads about. I later remarked that I had = bought into LNOP rather than AYE for reasons having nothing to do with = CANSLIM. And made no recommendations to anyone that they should do the = same. Now, at this writing, I'm surely glad I bought in yesterday. = Today, LNOP announced that China's largest telecom equipment = manufacturer, ZTE Corp, decided to use LNOP's EZchip NP-1 processor in = their equipment. And the pre=3Dmarket price of LNOP is over %25 more = than I paid for it --=3D=3DDonald.=20 ------=_NextPart_000_0005_01C2393E.6AF26020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine ---------I agree with you = about the=20 financials of LNOP, that is, they stink..On the other hand, I did not = tout LNOP=20 as an investment,  CANSLIM or otherwise.  Rather I offered it = to the=20 group as something they could scratch their heads about.  I later = remarked=20  that I had bought into LNOP rather than AYE for reasons having = nothing to=20 do with CANSLIM.   And made no recommendations to anyone that = they=20 should do the same.  Now, at this writing, I'm surely  glad I = bought=20 in yesterday.  Today, LNOP announced that China's largest telecom = equipment=20 manufacturer, ZTE Corp, decided to use LNOP's EZchip NP-1 = processor in=20 their equipment. And the pre=3Dmarket price of LNOP is over = %25 =20 more than I paid for = it --=3D=3DDonald. 
------=_NextPart_000_0005_01C2393E.6AF26020-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 09:38:31 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0148_01C2393F.326B2240 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, you are completely missing the point. This is a CANSLIM board, = most of us prefer that posts have something to do with the purpose of = the board. there are something like 70,000 newsgroup on the net, and I have no idea = how many chat rooms and discussion boards (I know Yahoo has one for = practically every stock) so I am sure you can find many places to = discuss stocks that do not remotely resemble CANSLIM requirements. I, = for one, hate wasting my time looking at a chart, much less getting = emails on, any that are not at least vaguely CANSLIM. ----- Original Message -----=20 Sent: Thursday, August 01, 2002 9:32 AM Katherine ---------I agree with you about the financials of LNOP, that = is, they stink..On the other hand, I did not tout LNOP as an investment, = CANSLIM or otherwise. Rather I offered it to the group as something = they could scratch their heads about. I later remarked that I had = bought into LNOP rather than AYE for reasons having nothing to do with = CANSLIM. And made no recommendations to anyone that they should do the = same. Now, at this writing, I'm surely glad I bought in yesterday. = Today, LNOP announced that China's largest telecom equipment = manufacturer, ZTE Corp, decided to use LNOP's EZchip NP-1 processor in = their equipment. And the pre=3Dmarket price of LNOP is over %25 more = than I paid for it --=3D=3DDonald.=20 ------=_NextPart_000_0148_01C2393F.326B2240 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Donald, you are completely missing the point. = This is a=20 CANSLIM board, most of us prefer that posts have something to do with = the=20 purpose of the board.
 
there are something like 70,000 newsgroup on the = net, and=20 I have no idea how many chat rooms and discussion boards (I know Yahoo = has one=20 for practically every stock) so I am sure you can find many places to = discuss=20 stocks that do not remotely resemble CANSLIM requirements. I, for one, = hate=20 wasting my time looking at a chart, much less getting emails on, any = that are=20 not at least vaguely CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Thursday, August 01, 2002 9:32 AM
Subject: [CANSLIM] LNOP

Katherine ---------I agree with you = about the=20 financials of LNOP, that is, they stink..On the other hand, I did not = tout LNOP=20 as an investment,  CANSLIM or otherwise.  Rather I offered it = to the=20 group as something they could scratch their heads about.  I later = remarked=20  that I had bought into LNOP rather than AYE for reasons having = nothing to=20 do with CANSLIM.   And made no recommendations to anyone that = they=20 should do the same.  Now, at this writing, I'm surely  glad I = bought=20 in yesterday.  Today, LNOP announced that China's largest telecom = equipment=20 manufacturer, ZTE Corp, decided to use LNOP's EZchip NP-1 = processor in=20 their equipment. And the pre=3Dmarket price of LNOP is over = %25 =20 more than I paid for = it --=3D=3DDonald. 
------=_NextPart_000_0148_01C2393F.326B2240-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 08:49:47 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0049_01C23938.63AC8E40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Congratulations on your good fortune, Donald.=20 On LNOP--When I respond to a post on the list, I respond to the subject = matter, not the person. My point was not to judge you or to accuse you = of touting a stock, simply to look at LNOP through CANSLIM eyes. As the = list is devoted to CANSLIM, it would seem appropriate to do so. The world is full of investments that do well but don't pass the = scrutiny of a CANSLIM evaluation. That's why non-CANSLIM folks also make = money. I've had countless friends, however, who have lost their = investments because they couldn't stay focused on becoming a disciplined = master of a style, but instead flitted from one investment style to = another, let their emotions override reality, and/or trusted somebody = else to tell them what to do. =20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 8:32 AM Subject: [CANSLIM] LNOP Katherine ---------I agree with you about the financials of LNOP, that = is, they stink..On the other hand, I did not tout LNOP as an investment, = CANSLIM or otherwise. Rather I offered it to the group as something = they could scratch their heads about. I later remarked that I had = bought into LNOP rather than AYE for reasons having nothing to do with = CANSLIM. And made no recommendations to anyone that they should do the = same. Now, at this writing, I'm surely glad I bought in yesterday. = Today, LNOP announced that China's largest telecom equipment = manufacturer, ZTE Corp, decided to use LNOP's EZchip NP-1 processor in = their equipment. And the pre=3Dmarket price of LNOP is over %25 more = than I paid for it --=3D=3DDonald.=20 ------=_NextPart_000_0049_01C23938.63AC8E40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Congratulations on your good fortune, Donald.
 
On LNOP--When I respond to a post on the list, I respond to the = subject=20 matter, not the person. My point was not to judge you or to accuse you = of=20 touting a stock, simply to look at LNOP through CANSLIM eyes. As the = list is=20 devoted to CANSLIM, it would seem appropriate to do so.
 
The world is full of investments that do well but don't pass the = scrutiny=20 of a CANSLIM evaluation. That's why non-CANSLIM folks also make money. = I've had=20 countless friends, however, who have lost their investments because they = couldn't stay focused on becoming a disciplined master of a style, but = instead=20 flitted from one investment style to another, let their emotions = override=20 reality, and/or trusted somebody else to tell them what to = do. 
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Thursday, August 01, 2002 = 8:32=20 AM
Subject: [CANSLIM] LNOP

Katherine ---------I agree with you = about the=20 financials of LNOP, that is, they stink..On the other hand, I did not = tout=20 LNOP as an investment,  CANSLIM or otherwise.  Rather I = offered it=20 to the group as something they could scratch their heads about.  = I later=20 remarked  that I had bought into LNOP rather than AYE for reasons = having=20 nothing to do with CANSLIM.   And made no recommendations to = anyone=20 that they should do the same.  Now, at this writing, I'm surely=20  glad I bought in yesterday.  Today, LNOP announced that = China's=20 largest telecom equipment manufacturer, ZTE Corp, decided to use = LNOP's=20 EZchip NP-1 processor in their equipment. And the = pre=3Dmarket price=20 of LNOP is over %25  more than I paid for=20 it --=3D=3DDonald. 
------=_NextPart_000_0049_01C23938.63AC8E40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 09:00:45 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C23963.D51BC920 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy- thank you for this synopsis- I'm following Katherine's actions = and printing/saving this one for daily reference. -Kelly -----Original Message----- Sent: Wednesday, July 31, 2002 6:05 PM Thank you Katherine-that's why I went off topic. He requested opinions = earlier and it interested me so I gave one. Is this o.k., to go off = topic or is it necessary to word it in a canslim type format as you = did? Also could I request your opinion on something. I sent a post this = morning about a W chart-I believe you sent the chart through. The = charts and volume thing is driving me nuts because I'm not seeing it. I = saw a run up and a shake out - a run up and a shake out. Do you have = any advice or thoughts as to why and what to do-or do you see the same = thing at all? I don't understand the mass investor thing that makes a W = or triple bottom happen like I do the cup with a handle. I was hoping to = get a response but didn't, because I'm frustrated by it. But if no = thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 3:42 PM Donald & Nancy, =20 Here are the only facts you need to see this is a stinky stock... =20 Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages =20 Research is one thing if you want to be "in the know" on a technology = with "potential"....but the only way to make (and keep) real money over = the long run is to stick to a discipline and this stock meets absolutely = zero CANSLIM criteria. If this were a short term trading forum, then = we'd be having an different discussion about an entirely different = discipline. =20 Katherine ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 5:04 PM Donald-I did a little checking on LNOP when I read your post. I am = always interested in new products and in some cases will buy in and wait = for the business to develop and the fundamentals to improve, to buy low. = Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 2:21 PM I'm so glad to hear from someone in the thick of things that tells me = that emotions, rather than hide-bound calculations ,rule the day in = the market. In truth, I'd rather take a risk, based on the sentiment of = the marketplace together with some reasonable input, than to always hang = my hat on CANSLIM. For example, early this morning I came within a = hair of buying into AYE, not because I thought it was a great investment = but because, at the opening bell it was paying close to %10 in = dividends and I knew in my heart that that would not last. Rather, I = thought I could easily take a %10 to %15 profit by buying early and = selling late today, since, no doubt, the brokers would be pushing the = stock. As it turned out, the ere was more that %10 invloved However, = I found a potentially more favorable, but admittedly longer term = investment, that is, LNOP. for less that its closing price. I'd rather = run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains. = It's all a matter of perspective ------ Donald=20 ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 4:46 PM Heck, it was just the wise guys pushing the market up at the end. Check = the volume. Today was month end and they were trying to pretty up = things. The turnaround looks very suspicious from my perspective = particularly as almost all of the recent ones have occurred after 3 p.m. = in NY including this one. =20 For me, I'll look at what the overseas markets are doing and the = pre-market NASDAQ indicator before getting too excited. Further more, = they were substantially more new lows than new highs for both the NYSE = and the NASDAQ.=20 =20 But emotions, not facts, rule markets even among the big players. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM "Tomorrow, tomorrow, there's always tomorrow, it's only a day away." = And I suspect that it will be a be a Bull day tomorrow given the = turn-around in todays trading. At this writing we are not yet closed, = but we are far, far up from today's earlier market weakness, which = normally bodes well for tomorrow. So-- to everyone in the Group i bid = you a Happy Tomorrow! - - Donald=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C23963.D51BC920 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy-=20 thank you for this synopsis- I'm following Katherine's actions and=20 printing/saving this one for daily reference. -Kelly
-----Original Message-----
From: zillagirl=20 [mailto:zillagirl@email.msn.com]
Sent: Wednesday, July 31, = 2002 6:05=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 LNOP (was Tomorrow -off topic)

Thank you Katherine-that's why I went = off topic.=20 He requested opinions earlier and it interested me so I gave one. Is = this=20 o.k., to go off topic or  is it necessary to word it in a canslim = type=20 format as you did?  Also could I request your opinion on = something. I=20 sent a post this morning about a W chart-I believe you sent the chart=20 through.  The charts and volume thing is driving me nuts because = I'm not=20 seeing it.  I saw a run up and a shake out - a run up and a shake = out.  Do you have any advice or thoughts as to why and what to = do-or do=20 you see the same thing at all? I don't understand the mass = investor=20 thing that makes a W or triple bottom happen like I do the cup with a = handle.=20 I was hoping to get a response but didn't, because I'm frustrated = by it.=20 But if no thoughts on how to help, appreciate your time.  Thanks=20 Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP (was = Tomorrow=20 -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky = stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a = technology=20 with "potential"....but the only way to make (and keep) real money = over the=20 long run is to stick to a discipline and this stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an entirely = different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 5:04=20 PM
Subject: Re: [CANSLIM] = Tomorrow -off=20 topic

Donald-I did a little checking on = LNOP when I=20 read your post. I am always interested in new products and in some = cases=20 will buy in and wait for the business to develop and the = fundamentals to=20 improve, to buy low. Apparently EZ Chip won the award for the = most=20 highly integrated 10 Gigabit network processor.  This company = is a=20 subsidiary of Lan Optics(semi conductor company). Lan optics = holding in EZ=20 Chip was just increased from 57% to 66 % by issuing Apax-a venture = capitalist co. who held the shares- 1.2 million newly issued = shares of Lan=20 Optics, for their additional stake. The EZ Chip is suppose to save = time=20 and money of up to 80%.  I have three things that kept = me from=20 going further and checking acc.-roe-rs etc. 1).Possible dilution = of Lan=20 Optic share by 1.2 million.      2) They = are not=20 anticipating sales to affect revenues for apx. 1 year. 3)  = Semis not=20 shining lately .I appreciate your bringing it to my attention and = I will=20 follow it , but I think with the market like it is there may be a = better=20 buy in opportunity closer to when company starts to grow from the = new=20 product. But I could be just as wrong as right. I got my = research=20 from T.D. Waterhouse web site.  Good Luck with it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 2:21=20 PM
Subject: Re: [CANSLIM] = Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the = market. =20 In truth, I'd rather take a risk, based on the sentiment of the=20 marketplace together with some reasonable input, than to always = hang my=20 hat on CANSLIM.   For example, early this morning =  I came=20 within a hair of buying into AYE, not because I thought it was a = great=20 investment but because, at the opening bell it was = paying close to=20 %10  in dividends and  I knew in my heart that that = would not=20 last.  Rather, I thought I could easily take a %10 to %15=20 profit  by buying early and selling late today, since, no = doubt,=20 the brokers would be pushing the stock.  As it turned out, = the ere=20 was more that %10  invloved  However,  I found a=20 potentially more favorable,  but admittedly longer = term=20 investment, that is, LNOP. for less that its closing price. I'd = rather=20 run a risk for a %500 gain than c\to ontinuously rake in %10 = plus=20 gains.  It's all a matter of = perspective ------ Donald=20
----- Original Message ----- =
From:=20 Fred = Richards=20
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 4:46 PM
Subject: RE: [CANSLIM] = Tomorrow=20

Heck, it was just the wise guys pushing the market up = at the=20 end. Check the volume. Today was month end and they were = trying to=20 pretty up things. The turnaround looks very suspicious = from my=20 perspective particularly as almost all of the recent ones have = occurred after 3 p.m. in NY including this = one.
 
For me, I'll look at what the overseas markets are = doing and=20 the pre-market NASDAQ indicator before getting too excited. = Further=20 more, they were substantially more new lows than new highs for = both=20 the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among the = big=20 players.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Donald=20 Wallker
Sent: Wednesday, July 31, 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I suspect = that it=20 will be a be a Bull day tomorrow given the turn-around in = todays=20 trading.  At this writing we are not yet closed, but we = are=20 far, far up from today's   earlier market = weakness, which=20 normally bodes well for tomorrow.  So-- to everyone in=20 the Group i bid you a  Happy Tomorrow! - -=20 = Donald 
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C23963.D51BC920-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 09:07:19 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C23964.BFD392FC Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Oops- responded to the wrong email and directed it to the wrong person = (I think I need more coffee). Thanks ANN for the wonderful CANSLIM = synopsis! -----Original Message----- Sent: Thursday, August 01, 2002 9:01 AM Nancy- thank you for this synopsis- I'm following Katherine's actions = and printing/saving this one for daily reference. -Kelly -----Original Message----- Sent: Wednesday, July 31, 2002 6:05 PM Thank you Katherine-that's why I went off topic. He requested opinions = earlier and it interested me so I gave one. Is this o.k., to go off = topic or is it necessary to word it in a canslim type format as you = did? Also could I request your opinion on something. I sent a post this = morning about a W chart-I believe you sent the chart through. The = charts and volume thing is driving me nuts because I'm not seeing it. I = saw a run up and a shake out - a run up and a shake out. Do you have = any advice or thoughts as to why and what to do-or do you see the same = thing at all? I don't understand the mass investor thing that makes a W = or triple bottom happen like I do the cup with a handle. I was hoping to = get a response but didn't, because I'm frustrated by it. But if no = thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 3:42 PM Donald & Nancy, =20 Here are the only facts you need to see this is a stinky stock... =20 Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages =20 Research is one thing if you want to be "in the know" on a technology = with "potential"....but the only way to make (and keep) real money over = the long run is to stick to a discipline and this stock meets absolutely = zero CANSLIM criteria. If this were a short term trading forum, then = we'd be having an different discussion about an entirely different = discipline. =20 Katherine ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 5:04 PM Donald-I did a little checking on LNOP when I read your post. I am = always interested in new products and in some cases will buy in and wait = for the business to develop and the fundamentals to improve, to buy low. = Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 2:21 PM I'm so glad to hear from someone in the thick of things that tells me = that emotions, rather than hide-bound calculations ,rule the day in = the market. In truth, I'd rather take a risk, based on the sentiment of = the marketplace together with some reasonable input, than to always hang = my hat on CANSLIM. For example, early this morning I came within a = hair of buying into AYE, not because I thought it was a great investment = but because, at the opening bell it was paying close to %10 in = dividends and I knew in my heart that that would not last. Rather, I = thought I could easily take a %10 to %15 profit by buying early and = selling late today, since, no doubt, the brokers would be pushing the = stock. As it turned out, the ere was more that %10 invloved However, = I found a potentially more favorable, but admittedly longer term = investment, that is, LNOP. for less that its closing price. I'd rather = run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains. = It's all a matter of perspective ------ Donald=20 ----- Original Message -----=20 Sent: Wednesday, July 31, 2002 4:46 PM Heck, it was just the wise guys pushing the market up at the end. Check = the volume. Today was month end and they were trying to pretty up = things. The turnaround looks very suspicious from my perspective = particularly as almost all of the recent ones have occurred after 3 p.m. = in NY including this one. =20 For me, I'll look at what the overseas markets are doing and the = pre-market NASDAQ indicator before getting too excited. Further more, = they were substantially more new lows than new highs for both the NYSE = and the NASDAQ.=20 =20 But emotions, not facts, rule markets even among the big players. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM "Tomorrow, tomorrow, there's always tomorrow, it's only a day away." = And I suspect that it will be a be a Bull day tomorrow given the = turn-around in todays trading. At this writing we are not yet closed, = but we are far, far up from today's earlier market weakness, which = normally bodes well for tomorrow. So-- to everyone in the Group i bid = you a Happy Tomorrow! - - Donald=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C23964.BFD392FC Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Oops-=20 responded to the wrong email and directed it to the wrong person (I = think I need=20 more coffee). Thanks ANN for the wonderful CANSLIM = synopsis!
-----Original Message-----
From: Kelly Short =
Sent:=20 Thursday, August 01, 2002 9:01 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] LNOP (was = Tomorrow=20 -off topic)

Nancy- thank you for this synopsis- I'm following Katherine's = actions=20 and printing/saving this one for daily reference. = -Kelly
-----Original Message-----
From: zillagirl=20 [mailto:zillagirl@email.msn.com]
Sent: Wednesday, July 31, = 2002=20 6:05 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] LNOP (was Tomorrow -off topic)

Thank you Katherine-that's why I = went off=20 topic. He requested opinions earlier and it interested me so I gave = one. Is=20 this o.k., to go off topic or  is it necessary to word it in a = canslim=20 type format as you did?  Also could I request your opinion on=20 something. I sent a post this morning about a W chart-I believe you = sent the=20 chart through.  The charts and volume thing is driving me nuts = because=20 I'm not seeing it.  I saw a run up and a shake out - a run up = and a=20 shake out.  Do you have any advice or thoughts as to why and = what to=20 do-or do you see the same thing at all? I don't understand=20 the mass investor thing that makes a W or triple bottom happen = like I=20 do the cup with a handle. I was hoping to get a response but = didn't,=20 because I'm frustrated by it. But if no thoughts on how to help, = appreciate=20 your time.  Thanks Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a = technology=20 with "potential"....but the only way to make (and keep) real money = over=20 the long run is to stick to a discipline and this stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an = entirely=20 different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 5:04=20 PM
Subject: Re: [CANSLIM] = Tomorrow=20 -off topic

Donald-I did a little checking = on LNOP when=20 I read your post. I am always interested in new products and in = some=20 cases will buy in and wait for the business to develop and the=20 fundamentals to improve, to buy low. Apparently EZ Chip won = the=20 award for the most highly integrated 10 Gigabit network = processor. =20 This company is a subsidiary of Lan Optics(semi conductor = company). Lan=20 optics holding in EZ Chip was just increased from 57% to 66 % by = issuing=20 Apax-a venture capitalist co. who held the shares- 1.2 million = newly=20 issued shares of Lan Optics, for their additional stake. The EZ = Chip is=20 suppose to save time and money of up to 80%.  I = have three=20 things that kept me from going further and checking acc.-roe-rs = etc.=20 1).Possible dilution of Lan Optic share by 1.2=20 million.      2) They are not = anticipating=20 sales to affect revenues for apx. 1 year. 3)  Semis not = shining=20 lately .I appreciate your bringing it to my attention and I will = follow=20 it , but I think with the market like it is there may be a = better buy in=20 opportunity closer to when company starts to grow from the new=20 product. But I could be just as wrong as right. I got my = research=20 from T.D. Waterhouse web site.  Good Luck with it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 2:21 PM
Subject: Re: [CANSLIM] = Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the = market. =20 In truth, I'd rather take a risk, based on the sentiment of = the=20 marketplace together with some reasonable input, than to = always hang=20 my hat on CANSLIM.   For example, early this morning =  I=20 came within a hair of buying into AYE, not because I thought = it was a=20 great investment but because, at the opening bell it was=20 paying close to %10  in dividends and  I knew = in my=20 heart that that would not last.  Rather, I thought I = could easily=20 take a %10 to %15 profit  by buying early and selling = late today,=20 since, no doubt, the brokers would be pushing the stock.  = As it=20 turned out, the ere was more that %10  invloved =20 However,  I found a potentially more favorable, =  but=20 admittedly longer term investment, that is, LNOP. for less = that its=20 closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains.  It's all a matter of = perspective ------ Donald
----- Original Message ----- =
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 4:46 PM
Subject: RE: = [CANSLIM] Tomorrow=20

Heck, it was just the wise guys pushing the market = up at the=20 end. Check the volume. Today was month end and they were = trying to=20 pretty up things. The turnaround looks very suspicious = from my=20 perspective particularly as almost all of the recent ones = have=20 occurred after 3 p.m. in NY including this = one.
 
For me, I'll look at what the overseas markets are = doing and=20 the pre-market NASDAQ indicator before getting too excited. = Further=20 more, they were substantially more new lows than new highs = for both=20 the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among = the big=20 players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Donald Wallker
Sent: Wednesday, July 31, = 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I suspect = that it=20 will be a be a Bull day tomorrow given the turn-around in = todays=20 trading.  At this writing we are not yet closed, but = we are=20 far, far up from today's   earlier market = weakness,=20 which normally bodes well for tomorrow.  So-- to = everyone in=20 the Group i bid you a  Happy Tomorrow! - -=20 = Donald 
For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C23964.BFD392FC-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 10:31:03 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_001C_01C23946.893F5BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom-- I have seldom missed the point of any conversation. Making sure = of what I say is the basis for my making a living . And, in that vein, = I'll certainly remember that this Forum is a not about making money in = stocks, but only about making money in stocks by using CANSLIM. Aside = from that, let us all agree that enough has been said about me and the = subject of LNOP. On the the other hand let me tell you why the this = off=3Dtopic subject came up in the first place . I decided to bring up = something besides the subject of CANSLIM because this group had = convinced me, ad nausium, that this bear market is not a CANSLIM = market. Thus, there didn't seem to be anything else to discuss about = CANSLIM. Even the owner of an outside service that normally discusses = CANSLIM candiadates stated his service had none to offer. So---rather = than do nothing ,I let the group know about a technology comer that I = had found, so they could scratch their heads about that, rather than = about non-existent CANSLIM candiadates. I'll not bother the group = again about such an off-subject topic. It seems to have offended some of = the group. On the other hand, I'd appreciate some of the members of = this group sharing a list of potential CANSLIM comers. ------Donald =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 9:38 AM Subject: Re: [CANSLIM] LNOP Donald, you are completely missing the point. This is a CANSLIM board, = most of us prefer that posts have something to do with the purpose of = the board. there are something like 70,000 newsgroup on the net, and I have no = idea how many chat rooms and discussion boards (I know Yahoo has one for = practically every stock) so I am sure you can find many places to = discuss stocks that do not remotely resemble CANSLIM requirements. I, = for one, hate wasting my time looking at a chart, much less getting = emails on, any that are not at least vaguely CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 9:32 AM Subject: [CANSLIM] LNOP Katherine ---------I agree with you about the financials of LNOP, that = is, they stink..On the other hand, I did not tout LNOP as an investment, = CANSLIM or otherwise. Rather I offered it to the group as something = they could scratch their heads about. I later remarked that I had = bought into LNOP rather than AYE for reasons having nothing to do with = CANSLIM. And made no recommendations to anyone that they should do the = same. Now, at this writing, I'm surely glad I bought in yesterday. = Today, LNOP announced that China's largest telecom equipment = manufacturer, ZTE Corp, decided to use LNOP's EZchip NP-1 processor in = their equipment. And the pre=3Dmarket price of LNOP is over %25 more = than I paid for it --=3D=3DDonald.=20 ------=_NextPart_000_001C_01C23946.893F5BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom-- I have seldom missed the point of = any=20 conversation.  Making sure of what I say is the basis for my making = a=20 living .  And, in that vein,  I'll certainly remember = that this=20 Forum is a not about making money in stocks, but only about making money = in=20 stocks by using CANSLIM.  Aside from that, let us all agree that = enough has=20 been said about me and the subject of LNOP. On the the other hand = let me=20 tell you why the this off=3Dtopic subject came up in the first = place . I=20 decided to bring up something besides the subject of=20 CANSLIM because this group had convinced me, ad nausium, =  that=20 this bear market is not a CANSLIM market. Thus, there didn't seem = to be=20 anything else to discuss about CANSLIM.  Even the owner of an = outside=20 service that normally discusses CANSLIM candiadates stated his=20 service had none to offer.  So---rather than do nothing ,I let = the=20 group know about a  technology comer that I had found, so they = could=20 scratch their heads about that, rather than about non-existent = CANSLIM=20 candiadates.   I'll not bother the group again about such an=20 off-subject topic. It seems to have offended some of the = group.  On=20 the other hand, I'd appreciate some of the members of this group sharing = a list=20 of potential CANSLIM  comers. ------Donald
 
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Thursday, August 01, 2002 = 9:38=20 AM
Subject: Re: [CANSLIM] = LNOP

Donald, you are completely missing the point. = This is a=20 CANSLIM board, most of us prefer that posts have something to do with = the=20 purpose of the board.
 
there are something like 70,000 newsgroup on = the net,=20 and I have no idea how many chat rooms and discussion boards (I know = Yahoo has=20 one for practically every stock) so I am sure you can find many places = to=20 discuss stocks that do not remotely resemble CANSLIM requirements. I, = for one,=20 hate wasting my time looking at a chart, much less getting emails on, = any that=20 are not at least vaguely CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Thursday, August 01, 2002 9:32 AM
Subject: [CANSLIM] LNOP

Katherine ---------I agree with you = about the=20 financials of LNOP, that is, they stink..On the other hand, I did not = tout=20 LNOP as an investment,  CANSLIM or otherwise.  Rather I = offered it=20 to the group as something they could scratch their heads about.  = I later=20 remarked  that I had bought into LNOP rather than AYE for reasons = having=20 nothing to do with CANSLIM.   And made no recommendations to = anyone=20 that they should do the same.  Now, at this writing, I'm surely=20  glad I bought in yesterday.  Today, LNOP announced that = China's=20 largest telecom equipment manufacturer, ZTE Corp, decided to use = LNOP's=20 EZchip NP-1 processor in their equipment. And the = pre=3Dmarket price=20 of LNOP is over %25  more than I paid for=20 it --=3D=3DDonald. 
------=_NextPart_000_001C_01C23946.893F5BC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 07:33:27 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C2392D.B9E688C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable That's O.K. Kelly-I guess that homemade Starbucks brew didn't kick in = yet(smile). I thought you got a little excited about not very much = info. Drink up! Nancy ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:07 AM Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) Oops- responded to the wrong email and directed it to the wrong person = (I think I need more coffee). Thanks ANN for the wonderful CANSLIM = synopsis! -----Original Message----- From: Kelly Short=20 Sent: Thursday, August 01, 2002 9:01 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) Nancy- thank you for this synopsis- I'm following Katherine's = actions and printing/saving this one for daily reference. -Kelly -----Original Message----- From: zillagirl [mailto:zillagirl@email.msn.com] Sent: Wednesday, July 31, 2002 6:05 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thank you Katherine-that's why I went off topic. He requested = opinions earlier and it interested me so I gave one. Is this o.k., to go = off topic or is it necessary to word it in a canslim type format as you = did? Also could I request your opinion on something. I sent a post this = morning about a W chart-I believe you sent the chart through. The = charts and volume thing is driving me nuts because I'm not seeing it. I = saw a run up and a shake out - a run up and a shake out. Do you have = any advice or thoughts as to why and what to do-or do you see the same = thing at all? I don't understand the mass investor thing that makes a W = or triple bottom happen like I do the cup with a handle. I was hoping to = get a response but didn't, because I'm frustrated by it. But if no = thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 3:42 PM Subject: [CANSLIM] LNOP (was Tomorrow -off topic) Donald & Nancy, Here are the only facts you need to see this is a stinky = stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a = technology with "potential"....but the only way to make (and keep) real = money over the long run is to stick to a discipline and this stock meets = absolutely zero CANSLIM criteria. If this were a short term trading = forum, then we'd be having an different discussion about an entirely = different discipline. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 5:04 PM Subject: Re: [CANSLIM] Tomorrow -off topic Donald-I did a little checking on LNOP when I read your post. = I am always interested in new products and in some cases will buy in and = wait for the business to develop and the fundamentals to improve, to buy = low. Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow=20 I'm so glad to hear from someone in the thick of things that = tells me that emotions, rather than hide-bound calculations ,rule the = day in the market. In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable input, than = to always hang my hat on CANSLIM. For example, early this morning I = came within a hair of buying into AYE, not because I thought it was a = great investment but because, at the opening bell it was paying close to = %10 in dividends and I knew in my heart that that would not last. = Rather, I thought I could easily take a %10 to %15 profit by buying = early and selling late today, since, no doubt, the brokers would be = pushing the stock. As it turned out, the ere was more that %10 = invloved However, I found a potentially more favorable, but = admittedly longer term investment, that is, LNOP. for less that its = closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains. It's all a matter of perspective = ------ Donald=20 ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow=20 Heck, it was just the wise guys pushing the market up at = the end. Check the volume. Today was month end and they were trying to = pretty up things. The turnaround looks very suspicious from my = perspective particularly as almost all of the recent ones have occurred = after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing = and the pre-market NASDAQ indicator before getting too excited. Further = more, they were substantially more new lows than new highs for both the = NYSE and the NASDAQ.=20 But emotions, not facts, rule markets even among the big = players. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow=20 "Tomorrow, tomorrow, there's always tomorrow, it's only = a day away." And I suspect that it will be a be a Bull day tomorrow = given the turn-around in todays trading. At this writing we are not yet = closed, but we are far, far up from today's earlier market weakness, = which normally bodes well for tomorrow. So-- to everyone in the Group i = bid you a Happy Tomorrow! - - Donald=20 - For your protection, this e-mail message has been scanned for = viruses.=20 Visit us at http://www.neoris.com/=20 - --- For your protection, this e-mail message has been scanned for = viruses.=20 Visit us at http://www.neoris.com/=20 --- ------=_NextPart_000_0008_01C2392D.B9E688C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
That's O.K. Kelly-I guess that = homemade=20 Starbucks brew didn't kick in yet(smile).  I thought you got a = little=20 excited about not very much info. Drink up! Nancy
----- Original Message -----
From:=20 Kelly Short
Sent: Thursday, August 01, 2002 = 7:07=20 AM
Subject: RE: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

Oops- responded to the wrong email and directed it to the = wrong person=20 (I think I need more coffee). Thanks ANN for the wonderful CANSLIM=20 synopsis!
-----Original Message-----
From: Kelly Short=20
Sent: Thursday, August 01, 2002 9:01 AM
To: canslim@lists.xmission.com=
Subject:=20 RE: [CANSLIM] LNOP (was Tomorrow -off topic)

Nancy- thank you for this synopsis- I'm following = Katherine's actions=20 and printing/saving this one for daily reference. = -Kelly
-----Original Message-----
From: zillagirl=20 [mailto:zillagirl@email.msn.com]
Sent: Wednesday, July = 31, 2002=20 6:05 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] LNOP (was Tomorrow -off topic)

Thank you Katherine-that's why I = went off=20 topic. He requested opinions earlier and it interested me so I = gave one.=20 Is this o.k., to go off topic or  is it necessary to word it = in a=20 canslim type format as you did?  Also could I request your = opinion on=20 something. I sent a post this morning about a W chart-I believe = you sent=20 the chart through.  The charts and volume thing is driving me = nuts=20 because I'm not seeing it.  I saw a run up and a shake out - = a run up=20 and a shake out.  Do you have any advice or thoughts as to = why and=20 what to do-or do you see the same thing at all? I don't = understand=20 the mass investor thing that makes a W or triple bottom = happen like I=20 do the cup with a handle. I was hoping to get a response but = didn't,=20 because I'm frustrated by it. But if no thoughts on how to help,=20 appreciate your time.  Thanks Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a=20 technology with "potential"....but the only way to make (and = keep) real=20 money over the long run is to stick to a discipline and this = stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an = entirely=20 different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 5:04 PM
Subject: Re: [CANSLIM] = Tomorrow=20 -off topic

Donald-I did a little = checking on LNOP=20 when I read your post. I am always interested in new products = and in=20 some cases will buy in and wait for the business to develop = and the=20 fundamentals to improve, to buy low. Apparently EZ Chip = won the=20 award for the most highly integrated 10 Gigabit network=20 processor.  This company is a subsidiary of Lan = Optics(semi=20 conductor company). Lan optics holding in EZ Chip was just = increased=20 from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the=20 shares- 1.2 million newly issued shares of Lan Optics, for = their=20 additional stake. The EZ Chip is suppose to save time and = money of up=20 to 80%.  I have three things that kept me from going = further=20 and checking acc.-roe-rs etc. 1).Possible dilution of Lan = Optic share=20 by 1.2 million.      2) They are not=20 anticipating sales to affect revenues for apx. 1 year. = 3)  Semis=20 not shining lately .I appreciate your bringing it to my = attention and=20 I will follow it , but I think with the market like it is = there may be=20 a better buy in opportunity closer to when company starts to = grow from=20 the new product. But I could be just as wrong as right. I = got my=20 research from T.D. Waterhouse web site.  Good Luck with = it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 2:21 PM
Subject: Re: = [CANSLIM] Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the=20 market.  In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable = input,=20 than to always hang my hat on CANSLIM.   For = example,=20 early this morning  I came within a hair of buying into = AYE,=20 not because I thought it was a great investment but because, = at the=20 opening bell it was paying close to %10  in = dividends and=20  I knew in my heart that that would not last.  = Rather, I=20 thought I could easily take a %10 to %15 profit  by = buying=20 early and selling late today, since, no doubt, the brokers = would be=20 pushing the stock.  As it turned out, the ere was more = that=20 %10  invloved  However,  I found a = potentially=20 more favorable,  but admittedly longer term = investment,=20 that is, LNOP. for less that its closing price. I'd rather = run a=20 risk for a %500 gain than c\to ontinuously rake in %10 plus=20 gains.  It's all a matter of=20 perspective ------ Donald
----- Original Message = -----
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = July 31,=20 2002 4:46 PM
Subject: RE: = [CANSLIM]=20 Tomorrow

Heck, it was just the wise guys pushing the = market up at=20 the end. Check the volume. Today was month end and they = were=20 trying to pretty up things. The turnaround looks very = suspicious from my perspective particularly as almost all = of the=20 recent ones have occurred after 3 p.m. in NY including = this=20 one.
 
For me, I'll look at what the overseas markets = are doing=20 and the pre-market NASDAQ indicator before getting too = excited.=20 Further more, they were substantially more new lows than = new highs=20 for both the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among = the big=20 players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Donald Wallker
Sent: Wednesday, July 31, = 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I = suspect that=20 it will be a be a Bull day tomorrow given the = turn-around in=20 todays trading.  At this writing we are not yet = closed, but=20 we are far, far up from today's   earlier = market=20 weakness, which normally bodes well for tomorrow.  = So-- to=20 everyone in the Group i bid you a  Happy = Tomorrow! - -=20 = Donald 
For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

------=_NextPart_000_0008_01C2392D.B9E688C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 10:50:50 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0032_01C23949.4CCF3900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine --Thanks for your input. I realize you are in the habit of = addresing the subject matter, and that you do so with out rancor. My = apologies if I gave you the impression that you had offended me. It's = simply not true. And, thanks for the good wishes, ----Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 9:49 AM Subject: Re: [CANSLIM] LNOP Congratulations on your good fortune, Donald.=20 On LNOP--When I respond to a post on the list, I respond to the = subject matter, not the person. My point was not to judge you or to = accuse you of touting a stock, simply to look at LNOP through CANSLIM = eyes. As the list is devoted to CANSLIM, it would seem appropriate to do = so. The world is full of investments that do well but don't pass the = scrutiny of a CANSLIM evaluation. That's why non-CANSLIM folks also make = money. I've had countless friends, however, who have lost their = investments because they couldn't stay focused on becoming a disciplined = master of a style, but instead flitted from one investment style to = another, let their emotions override reality, and/or trusted somebody = else to tell them what to do. =20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 8:32 AM Subject: [CANSLIM] LNOP Katherine ---------I agree with you about the financials of LNOP, = that is, they stink..On the other hand, I did not tout LNOP as an = investment, CANSLIM or otherwise. Rather I offered it to the group as = something they could scratch their heads about. I later remarked that = I had bought into LNOP rather than AYE for reasons having nothing to do = with CANSLIM. And made no recommendations to anyone that they should = do the same. Now, at this writing, I'm surely glad I bought in = yesterday. Today, LNOP announced that China's largest telecom equipment = manufacturer, ZTE Corp, decided to use LNOP's EZchip NP-1 processor in = their equipment. And the pre=3Dmarket price of LNOP is over %25 more = than I paid for it --=3D=3DDonald.=20 ------=_NextPart_000_0032_01C23949.4CCF3900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine --Thanks for your = input.   I=20 realize you are in the habit of addresing the subject matter, and that = you do so=20 with out rancor.  My apologies if I gave you the impression  = that=20 you had  offended me.  It's simply not true.  And, = thanks=20 for the  good wishes,  ----Donald 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, August 01, 2002 = 9:49=20 AM
Subject: Re: [CANSLIM] = LNOP

Congratulations on your good fortune, Donald.
 
On LNOP--When I respond to a post on the list, I respond to the = subject=20 matter, not the person. My point was not to judge you or to accuse you = of=20 touting a stock, simply to look at LNOP through CANSLIM eyes. As the = list is=20 devoted to CANSLIM, it would seem appropriate to do so.
 
The world is full of investments that do well but don't pass the = scrutiny=20 of a CANSLIM evaluation. That's why non-CANSLIM folks also make money. = I've=20 had countless friends, however, who have lost their investments = because they=20 couldn't stay focused on becoming a disciplined master of a style, but = instead=20 flitted from one investment style to another, let their emotions = override=20 reality, and/or trusted somebody else to tell them what to = do. =20
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Thursday, August 01, = 2002 8:32=20 AM
Subject: [CANSLIM] LNOP

Katherine ---------I agree with you = about the=20 financials of LNOP, that is, they stink..On the other hand, I did = not tout=20 LNOP as an investment,  CANSLIM or otherwise.  Rather I = offered it=20 to the group as something they could scratch their heads = about.  I=20 later remarked  that I had bought into LNOP rather than AYE for = reasons=20 having nothing to do with CANSLIM.   And made no = recommendations=20 to anyone that they should do the same.  Now, at this writing, = I'm=20 surely  glad I bought in yesterday.  Today, LNOP announced = that=20 China's largest telecom equipment manufacturer, ZTE Corp, = decided to=20 use LNOP's EZchip NP-1 processor in their equipment. And = the=20 pre=3Dmarket price of LNOP is over %25  more than I paid = for=20 = it --=3D=3DDonald. 
------=_NextPart_000_0032_01C23949.4CCF3900-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Cramer-off topic Date: 01 Aug 2002 10:51:19 -0400 David, zillagirl: I remember in the 80's during the S&L scandals, the CEO of the chief S&L that defrauded despositors was found guilty in court. But he had moved many of his assets to Florida, and bought many more (including a horse ranch)-and the Florida laws protected him. So, even though he was found guilty, he did not have to disgorge many of his profits of his ill-gotten gains. jans In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, dougald@dmv.com writes: > I do not see how it is going to stop anyone from building a million dollar > House. Unless,of course, something is done about Florida. As a matter of > interest, iUnder the present law if you think you are about to go bankrupt > you can always move to Florida ,where your home is immune > to the Bankruptcy > Laws. For example O.J. Simpson lives in Florida - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Larry Worden" Subject: [CANSLIM] canslim stocks Date: 01 Aug 2002 08:04:11 -0700 what about (TARO) ? the generic drugs should do will in this environment. ----- Original Message ----- Sent: Thursday, August 01, 2002 7:51 AM > David, zillagirl: > > I remember in the 80's during the S&L scandals, the CEO of the chief S&L that defrauded despositors was found guilty in court. But he had moved many of his assets to Florida, and bought many more (including a horse ranch)-and the Florida laws protected him. > > So, even though he was found guilty, he did not have to disgorge many of his profits of his ill-gotten gains. > > jans > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, dougald@dmv.com writes: > > > I do not see how it is going to stop anyone from building a million dollar > > House. Unless,of course, something is done about Florida. As a matter of > > interest, iUnder the present law if you think you are about to go bankrupt > > you can always move to Florida ,where your home is immune > > to the Bankruptcy > > Laws. For example O.J. Simpson lives in Florida > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: [CANSLIM] Fw: Fw: markets nearing crucial stage artile-07-14-02 Date: 01 Aug 2002 08:10:32 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0006_01C23932.E8391BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable this is the reply I received from the article in the L.A. Times = regarding P/E ratio . Any thoughts? ----- Original Message -----=20 Sent: Thursday, August 01, 2002 6:45 AM Hello Nancy,=20 By all means, post the author's reply to the group.=20 Regards,=20 Jeff=20 zillagirl wrote:=20 Jeff-there is a discrepancy in P/E values in an L.A. Times article of = 7-14. I wrote the author who has responded. I would like this to become = available to the group for who ever would be interested. I am not sure = if I am following your instructions properly. If not can you help me-If = yes I will wait to hear from you so I can let them know it is available. = thank you Nancy=20 ----- Original Message -----=20 From: Petruno, Tom To: 'zillagirl'Sent: Wednesday, July 31, 2002 10:01 PMSubject: RE: = markets nearing crucial stage artile-07-14-02 Hello Nancy. Sorry for the delay -- I set your message = aside, meaning to answer, but the market action got in the way. = The short answer is, all of these numbers are "correct." It depends on = how you define earnings. S&P P/Es listed in the upper 30s = generally are figured on earnings per share over the last four quarters, = INCLUDING one-time charges. S&P P/Es listed in the upper teens = generally are figured on ESTIMATED earnings for calendar 2002, and are = for "operating" results -- that is, EXCLUDING one-time charges. = Which is the fairer P/E? Again, that depends on your definition of = earnings. People who use operating earnings say that's fairer because = operating results measure earnings from ongoing operations. But of = course it's fair to ask today whether many "one-time" charges listed by = companies really are recurring charges. The market bears use that = argument, and say P/Es should be figured on net earnings. I'm = forwarding by separate email a report from S&P that shows their current = estimates of operating P/Es by market sector. Thanks for writing. = Tom Petruno =20 -----Original Message-----=20 From: zillagirl [mailto:zillagirl@email.msn.com]=20 Sent: Monday, July 15, 2002 4:49 PM=20 To: Tom.Petruno@latimes.com=20 Subject: markets nearing crucial stage artile-07-14-02=20 =20 In your article last Sunday, in the second to last column on page = A33(second paragraph), you stated that the average stock in the S & P = 500 is priced at about 19 times this years expected earnings per share. = That is far above the historical average price to earnings ratio of = about 14. On the web site www.dicisionpoint.com it states today = that the PE for the S&P 500 is at 39.60 as of 7-12-02. Also at site = www.spglobal.com/earnings.html It said last Friday that the PE of the = S&P was at 37.31. (this is the S&P website) I belong to an investment = chat and we are all wondering how you arrived at your figures and why = this discrepancy (which is quite wide) exists. If your figure is wrong = it is very misleading to tell all of you subscribers the PE ratio is 1/2 = of what it really is. It makes the market look in a lot better shape = then it really is. Can you resolve this for us.. Thank you Nancy = Polcaro-we will wait for your response. =20 =20 ------=_NextPart_000_0006_01C23932.E8391BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
this is the reply I received from the = article in=20 the L.A. Times regarding P/E ratio .  Any thoughts?
----- Original Message -----=20
From: Jeff Salisbury =
Sent: Thursday, August 01, 2002 6:45 AM
Subject: Re: Fw: markets nearing crucial stage=20 artile-07-14-02

Hello Nancy,=20

By all means, post the author's reply to the group.=20

Regards,=20

Jeff=20

zillagirl wrote:=20

Jeff-there is a discrepancy in P/E = values in an=20 L.A. Times article of 7-14. I wrote the author who has responded. I = would like=20 this to become available to the group for who ever would be = interested. I am=20 not sure if I am following your instructions properly. If not can you = help=20 me-If yes I will wait to hear from you so I can let them know it is=20 available.  thank you Nancy=20
----- Original Message -----=20
From: Petruno,=20 Tom
To: 'zillagirl'Sent: = Wednesday,=20 July 31, 2002 10:01 PMSubject: RE: markets nearing crucial = stage=20 artile-07-14-02
            Hello Nancy. = Sorry for the=20 delay -- I set your message aside, meaning to answer, but the market = action=20 got in the way.         The short answer = is, all of=20 these numbers are "correct."  It depends on how you define=20 earnings.        S&P P/Es = listed in the=20 upper 30s generally are figured on earnings per share over the last = four=20 quarters, INCLUDING one-time charges.        S&P P/Es = listed in the=20 upper teens generally are figured on ESTIMATED earnings for calendar = 2002, and=20 are for "operating" results -- that is, EXCLUDING one-time=20 charges.        Which is the = fairer=20 P/E?  Again, that depends on your definition of earnings. People = who use=20 operating earnings say that's fairer because operating results = measure =20 earnings from ongoing operations. But of course it's fair to ask today = whether=20 many "one-time" charges listed by companies really are recurring = charges. The=20 market bears use that argument, and say P/Es should be figured on net=20 earnings.        I'm forwarding by = separate=20 email a report from S&P that shows their current estimates of = operating=20 P/Es by market sector.        Thanks for=20 writing.        Tom=20 Petruno   =20
-----Original Message-----
From: zillagirl [mailto:zillagirl@email.msn.com]=20
Sent: Monday, July = 15, 2002 4:49=20 PM
To:=20 Tom.Petruno@latimes.com
Subject: markets nearing crucial stage=20 artile-07-14-02
 
In your article last Sunday, in the second to last column = on page=20 A33(second paragraph), you stated that the average stock in the S = & P=20 500 is priced at about 19 times this years expected earnings per = share. That=20 is far above the historical average price to earnings ratio of about = 14.         On the web site = www.dicisionpoint.com it = states=20 today that the PE for the S&P 500 is at 39.60 as of = 7-12-02.  Also=20 at site www.spglobal.com/earnings.= html =20 It said last Friday that the PE of the S&P was at 37.31. (this = is the=20 S&P website)  I belong to an investment chat and we are all = wondering how you arrived at your figures and why this discrepancy = (which is=20 quite wide) exists.  If your figure is wrong it is very = misleading to=20 tell all of you subscribers the PE ratio is 1/2 of what it really = is. =20 It makes the market look in a lot better shape then it really = is.  Can=20 you resolve this for us.. Thank you Nancy Polcaro-we will wait for = your=20 response.

  =
 =20 ------=_NextPart_000_0006_01C23932.E8391BC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Larry Worden" Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 08:20:30 -0700 sorry, i do not know how the, request receipt, got turned on. ----- Original Message ----- Sent: Thursday, August 01, 2002 8:04 AM > what about (TARO) ? the generic drugs should do will in this environment. > ----- Original Message ----- > From: > To: > Sent: Thursday, August 01, 2002 7:51 AM > Subject: Re: [CANSLIM] Cramer-off topic > > > > David, zillagirl: > > > > I remember in the 80's during the S&L scandals, the CEO of the chief > S&L that defrauded despositors was found guilty in court. But he had moved > many of his assets to Florida, and bought many more (including a horse > ranch)-and the Florida laws protected him. > > > > So, even though he was found guilty, he did not have to disgorge many > of his profits of his ill-gotten gains. > > > > jans > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > dougald@dmv.com writes: > > > > > I do not see how it is going to stop anyone from building a million > dollar > > > House. Unless,of course, something is done about Florida. As a matter > of > > > interest, iUnder the present law if you think you are about to go > bankrupt > > > you can always move to Florida ,where your home is immune > > > to the Bankruptcy > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 11:23:51 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0140_01C2394D.ECA9EF20 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I am starting a new company, folks. Don't ask me what it's going to make, because I don't yet know. I have no clue what it's going to sell. I don't know where it's going to be located. All I know is that, even without a pro forma to show them, I'll have an unlimited amount of venture capitalists begging me to take their money. All I have to do is convince Katherine to be my CEO! You're something else! Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Thursday, August 01, 2002 9:20 AM I don't see the discussion of LNOP as off-topic, instead I see it as an opportunity to practice the CANSLIM discipline. I've always believed that what you *don't* buy is often more important than what you *do* buy. Part of knowing what's worthy of an investment with your risk capital is to have a disciplined approach to evaluating each potential investment, and the CANSLIM list is a good place to practice. Following that discipline without exception makes the difference between OK and excellent returns, because that methodical process eliminates every emotional dark turn from your decision making. While it may seem that folks will post nothing but negative about a particular stock, it's important to have a methodology that weighs the pros and cons and then gives you a process to determine if the final weight is favorable given the risk/reward tradeoff. In the end, there's not a single investment decision that won't have odds. You stack those odds in your favor as best you can and then take the plunge. But.....odds also imply that, even if you've followed a discipline to the letter, there's *still* a chance that it will work against you. Discipline then takes over when you are forced to let go and move on to an alternative. While were talking psychology, I'll just answer your question about "the mass investor thing" by saying that it is more important to know what *is* than *why* it is. Chart patterns are formed because folks on the way up have differing objectives. Some have been in for a while and are simply taking their profits and moving on to another investment, some are taking money out of the stock because they know something about the business/company/industry/market that others haven't yet perceived, still others are fearful that they'll miss the boat or that they'll lose their profits if they overstay their welcome. That causes a correction of some sort. If there is another group of investors willing to step up to the plate, then the stock will form some sort of consolidation, set up and keep moving on. If there is not, then the stock falls. I wouldn't obsess about the why's, just the how-to's. Katherine ----- Original Message ----- Sent: Wednesday, July 31, 2002 6:04 PM Thank you Katherine-that's why I went off topic. He requested opinions earlier and it interested me so I gave one. Is this o.k., to go off topic or is it necessary to word it in a canslim type format as you did? Also could I request your opinion on something. I sent a post this morning about a W chart-I believe you sent the chart through. The charts and volume thing is driving me nuts because I'm not seeing it. I saw a run up and a shake out - a run up and a shake out. Do you have any advice or thoughts as to why and what to do-or do you see the same thing at all? I don't understand the mass investor thing that makes a W or triple bottom happen like I do the cup with a handle. I was hoping to get a response but didn't, because I'm frustrated by it. But if no thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message ----- Sent: Wednesday, July 31, 2002 3:42 PM Donald & Nancy, Here are the only facts you need to see this is a stinky stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a technology with "potential"....but the only way to make (and keep) real money over the long run is to stick to a discipline and this stock meets absolutely zero CANSLIM criteria. If this were a short term trading forum, then we'd be having an different discussion about an entirely different discipline. Katherine ----- Original Message ----- Sent: Wednesday, July 31, 2002 5:04 PM Donald-I did a little checking on LNOP when I read your post. I am always interested in new products and in some cases will buy in and wait for the business to develop and the fundamentals to improve, to buy low. Apparently EZ Chip won the award for the most highly integrated 10 Gigabit network processor. This company is a subsidiary of Lan Optics(semi conductor company). Lan optics holding in EZ Chip was just increased from 57% to 66 % by issuing Apax-a venture capitalist co. who held the shares- 1.2 million newly issued shares of Lan Optics, for their additional stake. The EZ Chip is suppose to save time and money of up to 80%. I have three things that kept me from going further and checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 million. 2) They are not anticipating sales to affect revenues for apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it to my attention and I will follow it , but I think with the market like it is there may be a better buy in opportunity closer to when company starts to grow from the new product. But I could be just as wrong as right. I got my research from T.D. Waterhouse web site. Good Luck with it. nancy ----- Original Message ----- Sent: Wednesday, July 31, 2002 2:21 PM I'm so glad to hear from someone in the thick of things that tells me that emotions, rather than hide-bound calculations ,rule the day in the market. In truth, I'd rather take a risk, based on the sentiment of the marketplace together with some reasonable input, than to always hang my hat on CANSLIM. For example, early this morning I came within a hair of buying into AYE, not because I thought it was a great investment but because, at the opening bell it was paying close to %10 in dividends and I knew in my heart that that would not last. Rather, I thought I could easily take a %10 to %15 profit by buying early and selling late today, since, no doubt, the brokers would be pushing the stock. As it turned out, the ere was more that %10 invloved However, I found a potentially more favorable, but admittedly longer term investment, that is, LNOP. for less that its closing price. I'd rather run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains. It's all a matter of perspective ------ Donald ----- Original Message ----- Sent: Wednesday, July 31, 2002 4:46 PM Heck, it was just the wise guys pushing the market up at the end. Check the volume. Today was month end and they were trying to pretty up things. The turnaround looks very suspicious from my perspective particularly as almost all of the recent ones have occurred after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing and the pre-market NASDAQ indicator before getting too excited. Further more, they were substantially more new lows than new highs for both the NYSE and the NASDAQ. But emotions, not facts, rule markets even among the big players. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM "Tomorrow, tomorrow, there's always tomorrow, it's only a day away." And I suspect that it will be a be a Bull day tomorrow given the turn-around in todays trading. At this writing we are not yet closed, but we are far, far up from today's earlier market weakness, which normally bodes well for tomorrow. So-- to everyone in the Group i bid you a Happy Tomorrow! - - Donald ------=_NextPart_000_0140_01C2394D.ECA9EF20 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
I am starting a new company, folks. =  Don't ask me=20 what it's going to make, because I don't yet know.  I have no clue = what=20 it's going to sell.  I don't know where it's going to be=20 located.   All I know = is that,=20 even without a pro forma to show them, I'll have an unlimited = amount of=20 venture capitalists begging me to take their money.  All I = have to do=20 is convince Katherine to be my CEO!
 
You're = something=20 else!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Thursday, August = 01, 2002=20 9:20 AM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] LNOP (was Tomorrow -off topic)

I don't see the discussion of LNOP as off-topic, instead I see it = as an=20 opportunity to practice the CANSLIM discipline. I've always believed = that what=20 you *don't* buy is often more important than what you *do* buy. Part = of=20 knowing what's worthy of an investment with your risk capital is to = have a=20 disciplined approach to evaluating each potential investment, and the = CANSLIM=20 list is a good place to practice. Following that discipline without = exception=20 makes the difference between OK and excellent returns, because that = methodical=20 process eliminates every emotional dark turn from your decision = making. While=20 it may seem that folks will post nothing but negative about a = particular=20 stock, it's important to have a methodology that weighs the pros and = cons and=20 then gives you a process to determine if the final weight is favorable = given=20 the risk/reward tradeoff. In the end, there's not a single investment = decision=20 that won't have odds. You stack those odds in your favor as best you = can and=20 then take the plunge. But.....odds also imply that, even if you've = followed a=20 discipline to the letter, there's *still* a chance that it will work = against=20 you. Discipline then takes over when you are forced to let go and move = on to=20 an alternative.
 
While were talking psychology, I'll just answer your question = about "the=20 mass investor thing" by saying that it is more important to know what = *is*=20 than *why* it is. Chart patterns are formed because folks on the way = up have=20 differing objectives. Some have been in for a while and are simply = taking=20 their profits and moving on to another investment, some are taking = money out=20 of the stock because they know something about the=20 business/company/industry/market that others haven't yet perceived, = still=20 others are fearful that they'll miss the boat or that they'll lose = their=20 profits if they overstay their welcome. That causes a correction of = some sort.=20 If there is another group of investors willing to step up to the = plate, then=20 the stock will form some sort of consolidation, set up and keep moving = on. If=20 there is not, then the stock falls. I wouldn't obsess about the why's, = just=20 the how-to's.
 
Katherine
----- Original Message -----
From:=20 zillagirl
Sent: Wednesday, July 31, = 2002 6:04=20 PM
Subject: Re: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Thank you Katherine-that's why I = went off=20 topic. He requested opinions earlier and it interested me so I gave = one. Is=20 this o.k., to go off topic or  is it necessary to word it in a = canslim=20 type format as you did?  Also could I request your opinion on=20 something. I sent a post this morning about a W chart-I believe you = sent the=20 chart through.  The charts and volume thing is driving me nuts = because=20 I'm not seeing it.  I saw a run up and a shake out - a run up = and a=20 shake out.  Do you have any advice or thoughts as to why and = what to=20 do-or do you see the same thing at all? I don't understand=20 the mass investor thing that makes a W or triple bottom happen = like I=20 do the cup with a handle. I was hoping to get a response but = didn't,=20 because I'm frustrated by it. But if no thoughts on how to help, = appreciate=20 your time.  Thanks Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a = technology=20 with "potential"....but the only way to make (and keep) real money = over=20 the long run is to stick to a discipline and this stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an = entirely=20 different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 5:04=20 PM
Subject: Re: [CANSLIM] = Tomorrow=20 -off topic

Donald-I did a little checking = on LNOP when=20 I read your post. I am always interested in new products and in = some=20 cases will buy in and wait for the business to develop and the=20 fundamentals to improve, to buy low. Apparently EZ Chip won = the=20 award for the most highly integrated 10 Gigabit network = processor. =20 This company is a subsidiary of Lan Optics(semi conductor = company). Lan=20 optics holding in EZ Chip was just increased from 57% to 66 % by = issuing=20 Apax-a venture capitalist co. who held the shares- 1.2 million = newly=20 issued shares of Lan Optics, for their additional stake. The EZ = Chip is=20 suppose to save time and money of up to 80%.  I = have three=20 things that kept me from going further and checking acc.-roe-rs = etc.=20 1).Possible dilution of Lan Optic share by 1.2=20 million.      2) They are not = anticipating=20 sales to affect revenues for apx. 1 year. 3)  Semis not = shining=20 lately .I appreciate your bringing it to my attention and I will = follow=20 it , but I think with the market like it is there may be a = better buy in=20 opportunity closer to when company starts to grow from the new=20 product. But I could be just as wrong as right. I got my = research=20 from T.D. Waterhouse web site.  Good Luck with it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 2:21 PM
Subject: Re: [CANSLIM] = Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the = market. =20 In truth, I'd rather take a risk, based on the sentiment of = the=20 marketplace together with some reasonable input, than to = always hang=20 my hat on CANSLIM.   For example, early this morning =  I=20 came within a hair of buying into AYE, not because I thought = it was a=20 great investment but because, at the opening bell it was=20 paying close to %10  in dividends and  I knew = in my=20 heart that that would not last.  Rather, I thought I = could easily=20 take a %10 to %15 profit  by buying early and selling = late today,=20 since, no doubt, the brokers would be pushing the stock.  = As it=20 turned out, the ere was more that %10  invloved =20 However,  I found a potentially more favorable, =  but=20 admittedly longer term investment, that is, LNOP. for less = that its=20 closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains.  It's all a matter of = perspective ------ Donald
----- Original Message ----- =
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 4:46 PM
Subject: RE: = [CANSLIM] Tomorrow=20

Heck, it was just the wise guys pushing the market = up at the=20 end. Check the volume. Today was month end and they were = trying to=20 pretty up things. The turnaround looks very suspicious = from my=20 perspective particularly as almost all of the recent ones = have=20 occurred after 3 p.m. in NY including this = one.
 
For me, I'll look at what the overseas markets are = doing and=20 the pre-market NASDAQ indicator before getting too excited. = Further=20 more, they were substantially more new lows than new highs = for both=20 the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among = the big=20 players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Donald Wallker
Sent: Wednesday, July 31, = 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I suspect = that it=20 will be a be a Bull day tomorrow given the turn-around in = todays=20 trading.  At this writing we are not yet closed, but = we are=20 far, far up from today's   earlier market = weakness,=20 which normally bodes well for tomorrow.  So-- to = everyone in=20 the Group i bid you a  Happy Tomorrow! - -=20 = Donald 
------=_NextPart_000_0140_01C2394D.ECA9EF20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 11:41:52 EDT --part1_8f.1fe64a87.2a7ab0c0_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Put me down for 1000 shares Duke. Charley --part1_8f.1fe64a87.2a7ab0c0_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Put me down for 1000 shares Duke. Charley --part1_8f.1fe64a87.2a7ab0c0_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 11:46:10 -0400 1. What is there about this environment that suggests generic drugs will do well? 2. Mylan (MYL) and Taro (TARO) are both producers of generics, and both show flat profits for the past three quarters. Prior to the flat period, the profit growth was exceptional. 3. TARO is located in Haifa, and the fighting/explosions in that area cause me to be cautious. 4. I believe that the "request receipt" is still turned on ( after the second note). ----- Original Message ----- Sent: Thursday, August 01, 2002 11:20 AM > sorry, i do not know how the, request receipt, got turned on. > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Thursday, August 01, 2002 8:04 AM > Subject: [CANSLIM] canslim stocks > > > > what about (TARO) ? the generic drugs should do will in this environment. > > ----- Original Message ----- > > From: > > To: > > Sent: Thursday, August 01, 2002 7:51 AM > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > David, zillagirl: > > > > > > I remember in the 80's during the S&L scandals, the CEO of the > chief > > S&L that defrauded despositors was found guilty in court. But he had > moved > > many of his assets to Florida, and bought many more (including a horse > > ranch)-and the Florida laws protected him. > > > > > > So, even though he was found guilty, he did not have to disgorge > many > > of his profits of his ill-gotten gains. > > > > > > jans > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > > dougald@dmv.com writes: > > > > > > > I do not see how it is going to stop anyone from building a million > > dollar > > > > House. Unless,of course, something is done about Florida. As a matter > > of > > > > interest, iUnder the present law if you think you are about to go > > bankrupt > > > > you can always move to Florida ,where your home is immune > > > > to the Bankruptcy > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 08:45:40 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0014_01C23937.D0C74520 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks for your response. referring to your last line-don't obsess about = the whys but the hows, I don't think I am obsessing-I just am not = getting the charts. I see it when someone explains "look at volume on = this day and what happened to the chart" or "its churning" or "you = should have anticipated the drop by the chart action" but when I look by = myself at it I am not seeing it. I thought if I put it out to the = group, someone could tell me what helped them to understand this better. = I guess not. I thought if I understood what was happening in the = market better to make the action happen(as I do with a cup and handle) = I'd see more in the charts. Maybe not. It's just frustrating but thank = you for trying to help. Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 6:20 AM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) I don't see the discussion of LNOP as off-topic, instead I see it as = an opportunity to practice the CANSLIM discipline. I've always believed = that what you *don't* buy is often more important than what you *do* = buy. Part of knowing what's worthy of an investment with your risk = capital is to have a disciplined approach to evaluating each potential = investment, and the CANSLIM list is a good place to practice. Following = that discipline without exception makes the difference between OK and = excellent returns, because that methodical process eliminates every = emotional dark turn from your decision making. While it may seem that = folks will post nothing but negative about a particular stock, it's = important to have a methodology that weighs the pros and cons and then = gives you a process to determine if the final weight is favorable given = the risk/reward tradeoff. In the end, there's not a single investment = decision that won't have odds. You stack those odds in your favor as = best you can and then take the plunge. But.....odds also imply that, = even if you've followed a discipline to the letter, there's *still* a = chance that it will work against you. Discipline then takes over when = you are forced to let go and move on to an alternative. While were talking psychology, I'll just answer your question about = "the mass investor thing" by saying that it is more important to know = what *is* than *why* it is. Chart patterns are formed because folks on = the way up have differing objectives. Some have been in for a while and = are simply taking their profits and moving on to another investment, = some are taking money out of the stock because they know something about = the business/company/industry/market that others haven't yet perceived, = still others are fearful that they'll miss the boat or that they'll lose = their profits if they overstay their welcome. That causes a correction = of some sort. If there is another group of investors willing to step up = to the plate, then the stock will form some sort of consolidation, set = up and keep moving on. If there is not, then the stock falls. I wouldn't = obsess about the why's, just the how-to's. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 6:04 PM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thank you Katherine-that's why I went off topic. He requested = opinions earlier and it interested me so I gave one. Is this o.k., to go = off topic or is it necessary to word it in a canslim type format as you = did? Also could I request your opinion on something. I sent a post this = morning about a W chart-I believe you sent the chart through. The = charts and volume thing is driving me nuts because I'm not seeing it. I = saw a run up and a shake out - a run up and a shake out. Do you have = any advice or thoughts as to why and what to do-or do you see the same = thing at all? I don't understand the mass investor thing that makes a W = or triple bottom happen like I do the cup with a handle. I was hoping to = get a response but didn't, because I'm frustrated by it. But if no = thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 3:42 PM Subject: [CANSLIM] LNOP (was Tomorrow -off topic) Donald & Nancy, Here are the only facts you need to see this is a stinky stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a = technology with "potential"....but the only way to make (and keep) real = money over the long run is to stick to a discipline and this stock meets = absolutely zero CANSLIM criteria. If this were a short term trading = forum, then we'd be having an different discussion about an entirely = different discipline. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 5:04 PM Subject: Re: [CANSLIM] Tomorrow -off topic Donald-I did a little checking on LNOP when I read your post. I = am always interested in new products and in some cases will buy in and = wait for the business to develop and the fundamentals to improve, to buy = low. Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow=20 I'm so glad to hear from someone in the thick of things that = tells me that emotions, rather than hide-bound calculations ,rule the = day in the market. In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable input, than = to always hang my hat on CANSLIM. For example, early this morning I = came within a hair of buying into AYE, not because I thought it was a = great investment but because, at the opening bell it was paying close to = %10 in dividends and I knew in my heart that that would not last. = Rather, I thought I could easily take a %10 to %15 profit by buying = early and selling late today, since, no doubt, the brokers would be = pushing the stock. As it turned out, the ere was more that %10 = invloved However, I found a potentially more favorable, but = admittedly longer term investment, that is, LNOP. for less that its = closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains. It's all a matter of perspective = ------ Donald=20 ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow=20 Heck, it was just the wise guys pushing the market up at the = end. Check the volume. Today was month end and they were trying to = pretty up things. The turnaround looks very suspicious from my = perspective particularly as almost all of the recent ones have occurred = after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing and = the pre-market NASDAQ indicator before getting too excited. Further = more, they were substantially more new lows than new highs for both the = NYSE and the NASDAQ.=20 But emotions, not facts, rule markets even among the big = players. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow=20 "Tomorrow, tomorrow, there's always tomorrow, it's only a = day away." And I suspect that it will be a be a Bull day tomorrow = given the turn-around in todays trading. At this writing we are not yet = closed, but we are far, far up from today's earlier market weakness, = which normally bodes well for tomorrow. So-- to everyone in the Group i = bid you a Happy Tomorrow! - - Donald=20 ------=_NextPart_000_0014_01C23937.D0C74520 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks for your response. referring to = your last=20 line-don't obsess about the whys but the hows, I don't think I am=20 obsessing-I just am not getting the charts.  I see it when someone = explains=20 "look at volume on this day and what happened to the chart"  or = "its=20 churning" or "you should have anticipated the drop by the chart action" = but when=20 I look by myself at it I am not seeing it.  I thought if I put = it out=20 to the group, someone could tell me what helped them to understand this=20 better.  I guess not.  I thought if I understood what was = happening in=20 the market better to make the action happen(as I do with a cup and = handle) I'd=20 see more in the charts.  Maybe not.  It's just frustrating but = thank=20 you for trying to help.  Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, August 01, 2002 = 6:20=20 AM
Subject: Re: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

I don't see the discussion of LNOP as off-topic, instead I see it = as an=20 opportunity to practice the CANSLIM discipline. I've always believed = that what=20 you *don't* buy is often more important than what you *do* buy. Part = of=20 knowing what's worthy of an investment with your risk capital is to = have a=20 disciplined approach to evaluating each potential investment, and the = CANSLIM=20 list is a good place to practice. Following that discipline without = exception=20 makes the difference between OK and excellent returns, because that = methodical=20 process eliminates every emotional dark turn from your decision = making. While=20 it may seem that folks will post nothing but negative about a = particular=20 stock, it's important to have a methodology that weighs the pros and = cons and=20 then gives you a process to determine if the final weight is favorable = given=20 the risk/reward tradeoff. In the end, there's not a single investment = decision=20 that won't have odds. You stack those odds in your favor as best you = can and=20 then take the plunge. But.....odds also imply that, even if you've = followed a=20 discipline to the letter, there's *still* a chance that it will work = against=20 you. Discipline then takes over when you are forced to let go and move = on to=20 an alternative.
 
While were talking psychology, I'll just answer your question = about "the=20 mass investor thing" by saying that it is more important to know what = *is*=20 than *why* it is. Chart patterns are formed because folks on the way = up have=20 differing objectives. Some have been in for a while and are simply = taking=20 their profits and moving on to another investment, some are taking = money out=20 of the stock because they know something about the=20 business/company/industry/market that others haven't yet perceived, = still=20 others are fearful that they'll miss the boat or that they'll lose = their=20 profits if they overstay their welcome. That causes a correction of = some sort.=20 If there is another group of investors willing to step up to the = plate, then=20 the stock will form some sort of consolidation, set up and keep moving = on. If=20 there is not, then the stock falls. I wouldn't obsess about the why's, = just=20 the how-to's.
 
Katherine
----- Original Message -----
From:=20 zillagirl
Sent: Wednesday, July 31, = 2002 6:04=20 PM
Subject: Re: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Thank you Katherine-that's why I = went off=20 topic. He requested opinions earlier and it interested me so I gave = one. Is=20 this o.k., to go off topic or  is it necessary to word it in a = canslim=20 type format as you did?  Also could I request your opinion on=20 something. I sent a post this morning about a W chart-I believe you = sent the=20 chart through.  The charts and volume thing is driving me nuts = because=20 I'm not seeing it.  I saw a run up and a shake out - a run up = and a=20 shake out.  Do you have any advice or thoughts as to why and = what to=20 do-or do you see the same thing at all? I don't understand=20 the mass investor thing that makes a W or triple bottom happen = like I=20 do the cup with a handle. I was hoping to get a response but = didn't,=20 because I'm frustrated by it. But if no thoughts on how to help, = appreciate=20 your time.  Thanks Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a = technology=20 with "potential"....but the only way to make (and keep) real money = over=20 the long run is to stick to a discipline and this stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an = entirely=20 different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 5:04=20 PM
Subject: Re: [CANSLIM] = Tomorrow=20 -off topic

Donald-I did a little checking = on LNOP when=20 I read your post. I am always interested in new products and in = some=20 cases will buy in and wait for the business to develop and the=20 fundamentals to improve, to buy low. Apparently EZ Chip won = the=20 award for the most highly integrated 10 Gigabit network = processor. =20 This company is a subsidiary of Lan Optics(semi conductor = company). Lan=20 optics holding in EZ Chip was just increased from 57% to 66 % by = issuing=20 Apax-a venture capitalist co. who held the shares- 1.2 million = newly=20 issued shares of Lan Optics, for their additional stake. The EZ = Chip is=20 suppose to save time and money of up to 80%.  I = have three=20 things that kept me from going further and checking acc.-roe-rs = etc.=20 1).Possible dilution of Lan Optic share by 1.2=20 million.      2) They are not = anticipating=20 sales to affect revenues for apx. 1 year. 3)  Semis not = shining=20 lately .I appreciate your bringing it to my attention and I will = follow=20 it , but I think with the market like it is there may be a = better buy in=20 opportunity closer to when company starts to grow from the new=20 product. But I could be just as wrong as right. I got my = research=20 from T.D. Waterhouse web site.  Good Luck with it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 2:21 PM
Subject: Re: [CANSLIM] = Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the = market. =20 In truth, I'd rather take a risk, based on the sentiment of = the=20 marketplace together with some reasonable input, than to = always hang=20 my hat on CANSLIM.   For example, early this morning =  I=20 came within a hair of buying into AYE, not because I thought = it was a=20 great investment but because, at the opening bell it was=20 paying close to %10  in dividends and  I knew = in my=20 heart that that would not last.  Rather, I thought I = could easily=20 take a %10 to %15 profit  by buying early and selling = late today,=20 since, no doubt, the brokers would be pushing the stock.  = As it=20 turned out, the ere was more that %10  invloved =20 However,  I found a potentially more favorable, =  but=20 admittedly longer term investment, that is, LNOP. for less = that its=20 closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains.  It's all a matter of = perspective ------ Donald
----- Original Message ----- =
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 4:46 PM
Subject: RE: = [CANSLIM] Tomorrow=20

Heck, it was just the wise guys pushing the market = up at the=20 end. Check the volume. Today was month end and they were = trying to=20 pretty up things. The turnaround looks very suspicious = from my=20 perspective particularly as almost all of the recent ones = have=20 occurred after 3 p.m. in NY including this = one.
 
For me, I'll look at what the overseas markets are = doing and=20 the pre-market NASDAQ indicator before getting too excited. = Further=20 more, they were substantially more new lows than new highs = for both=20 the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among = the big=20 players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Donald Wallker
Sent: Wednesday, July 31, = 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I suspect = that it=20 will be a be a Bull day tomorrow given the turn-around in = todays=20 trading.  At this writing we are not yet closed, but = we are=20 far, far up from today's   earlier market = weakness,=20 which normally bodes well for tomorrow.  So-- to = everyone in=20 the Group i bid you a  Happy Tomorrow! - -=20 = Donald 
------=_NextPart_000_0014_01C23937.D0C74520-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] buying/bear/new bull Date: 01 Aug 2002 11:55:24 -0400 Katherine, Tom, Thanks for all you both do on a daily basis. I'm glad *I* could finally contribute something to the group! Let me know if there are mistakes in there. I find a lot of apparent discrepancies as I study CANSLIM--only to find out later that I just have to look at the situation more carefully. Ann ----- Original Message ----- Sent: Thursday, August 01, 2002 12:18 AM : thanks, Ann, nice summary, and worth some thought : : ----- Original Message ----- : From: "Ann" : To: "CANSLIM Listserv" : Sent: Wednesday, July 31, 2002 8:26 PM : Subject: [CANSLIM] buying/bear/new bull : : : I gleaned the following from Investors Corner, HTMMIS (3rd ed.), notes, : Duke's TV transcription, and various messages sent by the wise and : experienced contributors to this list over the past few weeks/months! : : Please correct me if any of the info is wrong. It's also not very well : organized. : : ******** : CANSLIM Buying at the end of Bear Market : 7/02 : : Go beyond Follow Through Day for guarantee of M returning. : : Bases may go as low as 40-50% if huge prior advance. : : Base may not have handle during beginning of Bull. Stocks may try to stage : breakout from deep within bases. See whether they can break the resistance. : (2/3 of those won't make it, WON says elsewhere) : : Flat bases may be especially powerful (refused to go lower in Bear). Also, : base-on-base formations, ascending bases. : : Ok if handle is down 20-30%; some handles may form higher than left : rim. But cup and handle should still be proportional. : : Bases may be formed below all-time high. Look for healthy, long base. : : Look for base patterns which deteriorated the least during the Bear : (abnormal strength in weak market), hold up as well as, or better than : averages. : : Buy within 2-3% of pivot point. No pyramiding until the Bull is well : underway. : : Beware of faults in bases-wide, loose bases; or bases that are too short. : : Odds of success lower if stock breaks out to 52-week high (not all-time : high), but some turnarounds or cyclicals become winners, due to change in M : or fundies. Look for other positive factors. Bases may take years to reach : old highs. : : In emerging Bull, stock may gap up on b.o. Can buy, but put less money in : than you usually do, for protection. Only sell if drops below your pivot. If : pulls back on lighter volume, it's ok. : : WON (on Kudlow and Cramer): I would be looking for stocks that have 10-12 : quarters in a row of earnings up with acceleration in earnings. (Thanks, : Duke.) Elsewhere, I had written down 5-10 consecutive quarters of : sustained profit growth and accelerating growth rates. : : : Stocks whose earnings estimates buck the trends. : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 11:08:22 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0095_01C2394B.C000BF00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Nancy, Your email reminded me of the way I felt when I first started reading = technicals. A confirmed fundamentalist, I thought it was a bunch of = hooey. Despite reading example after example, I *still* had trouble = understanding what the heck the author was describing. What I've found = over time however is that chart reading is a lot like any other = expertise. Practice, practice, practice and what was once awkward, = seemingly random and inexplicable becomes second nature. I've read = before that intuition is simply the ability to draw from a store of = knowledge and experience without conscious effort. Practice will build a = store of knowledge; investing, making mistakes and performing = post-analysis will build experience. I still keep a practice binder, as = the learning seems never to end. You might try randomly selecting a = couple of stocks a day, mark the charts according to what you know, = then go back to the charts at the end of a couple of weeks, a couple of = months, a couple of years. Remark the chart each time with your new eyes = and learn *again* what you thought you already knew. Here's some good references for basic chart reading: How Charts Can Help You in the Stock Market by William L. Jiler Secrets for Profiting in Bull and Bear Markets by Stan Weinstein Course 1 in the IBD Learning Center on our Web site has a lesson on = chart reading. To get there directly, go to this link - = http://www.investors.com/learn/B09.asp=20 Also, go to the Investor's Corner archive entitled "What Can Technical = Indicators Tell Me?" to view past articles on this topic - = http://www.investors.com/learn/IC.asp#tech=20 The"Ask Bill O'Neil" archive offers a compilation of Q&A's on the = subject of chart reading at this link - = http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5=20 For more detailed information on pivot points go to this link - = http://www.investors.com/learn/ICtech21.asp Keep after it, Katherine "It is not the critic who counts, not the man who points out how the = strong man stumbled or where the doer of deeds could have done them = better. The credit belongs to the man who is actually in the arena; = whose face is marred by dust and sweat and blood; who strives valiantly; = who errs and comes short again and again; who knows the great = enthusiasms, the great devotions, and spends himself in a worthy cause; = who, at best, knows the triumph of high achievement; and who, at the = worst, if he fails, at least fails while daring greatly, so that his = place shall never be with those cold and timid souls who know neither = victory nor defeat." --Theodore Roosevelt ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 10:45 AM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thanks for your response. referring to your last line-don't obsess = about the whys but the hows, I don't think I am obsessing-I just am not = getting the charts. I see it when someone explains "look at volume on = this day and what happened to the chart" or "its churning" or "you = should have anticipated the drop by the chart action" but when I look by = myself at it I am not seeing it. I thought if I put it out to the = group, someone could tell me what helped them to understand this better. = I guess not. I thought if I understood what was happening in the = market better to make the action happen(as I do with a cup and handle) = I'd see more in the charts. Maybe not. It's just frustrating but thank = you for trying to help. Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 6:20 AM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) I don't see the discussion of LNOP as off-topic, instead I see it as = an opportunity to practice the CANSLIM discipline. I've always believed = that what you *don't* buy is often more important than what you *do* = buy. Part of knowing what's worthy of an investment with your risk = capital is to have a disciplined approach to evaluating each potential = investment, and the CANSLIM list is a good place to practice. Following = that discipline without exception makes the difference between OK and = excellent returns, because that methodical process eliminates every = emotional dark turn from your decision making. While it may seem that = folks will post nothing but negative about a particular stock, it's = important to have a methodology that weighs the pros and cons and then = gives you a process to determine if the final weight is favorable given = the risk/reward tradeoff. In the end, there's not a single investment = decision that won't have odds. You stack those odds in your favor as = best you can and then take the plunge. But.....odds also imply that, = even if you've followed a discipline to the letter, there's *still* a = chance that it will work against you. Discipline then takes over when = you are forced to let go and move on to an alternative. While were talking psychology, I'll just answer your question about = "the mass investor thing" by saying that it is more important to know = what *is* than *why* it is. Chart patterns are formed because folks on = the way up have differing objectives. Some have been in for a while and = are simply taking their profits and moving on to another investment, = some are taking money out of the stock because they know something about = the business/company/industry/market that others haven't yet perceived, = still others are fearful that they'll miss the boat or that they'll lose = their profits if they overstay their welcome. That causes a correction = of some sort. If there is another group of investors willing to step up = to the plate, then the stock will form some sort of consolidation, set = up and keep moving on. If there is not, then the stock falls. I wouldn't = obsess about the why's, just the how-to's. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 6:04 PM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thank you Katherine-that's why I went off topic. He requested = opinions earlier and it interested me so I gave one. Is this o.k., to go = off topic or is it necessary to word it in a canslim type format as you = did? Also could I request your opinion on something. I sent a post this = morning about a W chart-I believe you sent the chart through. The = charts and volume thing is driving me nuts because I'm not seeing it. I = saw a run up and a shake out - a run up and a shake out. Do you have = any advice or thoughts as to why and what to do-or do you see the same = thing at all? I don't understand the mass investor thing that makes a W = or triple bottom happen like I do the cup with a handle. I was hoping to = get a response but didn't, because I'm frustrated by it. But if no = thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 3:42 PM Subject: [CANSLIM] LNOP (was Tomorrow -off topic) Donald & Nancy, Here are the only facts you need to see this is a stinky = stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a = technology with "potential"....but the only way to make (and keep) real = money over the long run is to stick to a discipline and this stock meets = absolutely zero CANSLIM criteria. If this were a short term trading = forum, then we'd be having an different discussion about an entirely = different discipline. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 5:04 PM Subject: Re: [CANSLIM] Tomorrow -off topic Donald-I did a little checking on LNOP when I read your post. = I am always interested in new products and in some cases will buy in and = wait for the business to develop and the fundamentals to improve, to buy = low. Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow=20 I'm so glad to hear from someone in the thick of things that = tells me that emotions, rather than hide-bound calculations ,rule the = day in the market. In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable input, than = to always hang my hat on CANSLIM. For example, early this morning I = came within a hair of buying into AYE, not because I thought it was a = great investment but because, at the opening bell it was paying close to = %10 in dividends and I knew in my heart that that would not last. = Rather, I thought I could easily take a %10 to %15 profit by buying = early and selling late today, since, no doubt, the brokers would be = pushing the stock. As it turned out, the ere was more that %10 = invloved However, I found a potentially more favorable, but = admittedly longer term investment, that is, LNOP. for less that its = closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains. It's all a matter of perspective = ------ Donald=20 ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow=20 Heck, it was just the wise guys pushing the market up at = the end. Check the volume. Today was month end and they were trying to = pretty up things. The turnaround looks very suspicious from my = perspective particularly as almost all of the recent ones have occurred = after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing = and the pre-market NASDAQ indicator before getting too excited. Further = more, they were substantially more new lows than new highs for both the = NYSE and the NASDAQ.=20 But emotions, not facts, rule markets even among the big = players. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow=20 "Tomorrow, tomorrow, there's always tomorrow, it's only = a day away." And I suspect that it will be a be a Bull day tomorrow = given the turn-around in todays trading. At this writing we are not yet = closed, but we are far, far up from today's earlier market weakness, = which normally bodes well for tomorrow. So-- to everyone in the Group i = bid you a Happy Tomorrow! - - Donald=20 ------=_NextPart_000_0095_01C2394B.C000BF00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Nancy,
 
Your email reminded me of the way I felt when I first started = reading=20 technicals. A confirmed fundamentalist, I thought it was a bunch of = hooey.=20 Despite reading example after example, I *still* had trouble = understanding what=20 the heck the author was describing. What I've found over time however is = that=20 chart reading is a lot like any other expertise. Practice, practice, = practice=20 and what was once awkward, seemingly random and inexplicable becomes = second=20 nature. I've read before that intuition is simply the ability to draw = from a=20 store of knowledge and experience without conscious effort. Practice = will build=20 a store of knowledge; investing, making mistakes and performing = post-analysis=20 will build experience. I still keep a practice binder, as the learning = seems=20 never to end. You might try randomly selecting a couple of =  stocks a=20 day, mark the charts according to what you know, then go back to the = charts at=20 the end of a couple of weeks, a couple of months, a couple of years. = Remark the=20 chart each time with your new eyes and learn *again* what you thought = you=20 already knew.
 
Here's some good references for basic chart reading:
How Charts Can Help You in the Stock Market by William L. = Jiler
Secrets for Profiting in Bull and Bear Markets by Stan = Weinstein
 
Course 1 in the IBD Learning Center on our Web site has a lesson on = chart=20 reading. To get there directly, go to this link - http://www.investors.com/learn/B09.asp =
Also, go to=20 the Investor's Corner archive entitled =93What Can Technical Indicators = Tell Me?=94=20 to view past articles on this topic - http://www.investors.com/learn/IC.asp#tech =
The=93Ask=20 Bill O=92Neil=94 archive offers a compilation of Q&A=92s on the = subject of chart=20 reading at this link - = http://www.investors.com/askBill/Search_ByTopic.asp?Topic= ID=3D5=20
For more detailed information on pivot points go to this link - http://www.investors.com/learn/ICtech21.asp
 
Keep after it,
Katherine
 
"It is not the critic who counts, not the man who points out how = the strong=20 man stumbled or where the doer of deeds could have done them better. The = credit=20 belongs to the man who is actually in the arena; whose face is marred by = dust=20 and sweat and blood; who strives valiantly; who errs and comes short = again and=20 again; who knows the great enthusiasms, the great devotions, and spends = himself=20 in a worthy cause; who, at best, knows the triumph of high achievement; = and who,=20 at the worst, if he fails, at least fails while daring greatly, so that = his=20 place shall never be with those cold and timid souls who know neither = victory=20 nor defeat." --Theodore Roosevelt
----- Original Message -----
From:=20 zillagirl
Sent: Thursday, August 01, 2002 = 10:45=20 AM
Subject: Re: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

Thanks for your response. referring = to your last=20 line-don't obsess about the whys but the hows, I don't think I am = obsessing-I just am not getting the charts.  I see it when = someone=20 explains "look at volume on this day and what happened to the = chart"  or=20 "its churning" or "you should have anticipated the drop by the chart = action"=20 but when I look by myself at it I am not seeing it.  I = thought if I=20 put it out to the group, someone could tell me what helped them to = understand=20 this better.  I guess not.  I thought if I understood what = was=20 happening in the market better to make the action happen(as I do with = a cup=20 and handle) I'd see more in the charts.  Maybe not.  It's = just=20 frustrating but thank you for trying to help.  Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, August 01, = 2002 6:20=20 AM
Subject: Re: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

I don't see the discussion of LNOP as off-topic, instead I see = it as an=20 opportunity to practice the CANSLIM discipline. I've always believed = that=20 what you *don't* buy is often more important than what you *do* buy. = Part of=20 knowing what's worthy of an investment with your risk capital is to = have a=20 disciplined approach to evaluating each potential investment, and = the=20 CANSLIM list is a good place to practice. Following that discipline = without=20 exception makes the difference between OK and excellent returns, = because=20 that methodical process eliminates every emotional dark turn from = your=20 decision making. While it may seem that folks will post nothing but = negative=20 about a particular stock, it's important to have a methodology that = weighs=20 the pros and cons and then gives you a process to determine if the = final=20 weight is favorable given the risk/reward tradeoff. In the end, = there's not=20 a single investment decision that won't have odds. You stack those = odds in=20 your favor as best you can and then take the plunge. But.....odds = also imply=20 that, even if you've followed a discipline to the letter, there's = *still* a=20 chance that it will work against you. Discipline then takes over = when you=20 are forced to let go and move on to an alternative.
 
While were talking psychology, I'll just answer your question = about=20 "the mass investor thing" by saying that it is more important to = know what=20 *is* than *why* it is. Chart patterns are formed because folks on = the way up=20 have differing objectives. Some have been in for a while and are = simply=20 taking their profits and moving on to another investment, some are = taking=20 money out of the stock because they know something about the=20 business/company/industry/market that others haven't yet perceived, = still=20 others are fearful that they'll miss the boat or that they'll lose = their=20 profits if they overstay their welcome. That causes a correction of = some=20 sort. If there is another group of investors willing to step up to = the=20 plate, then the stock will form some sort of consolidation, set up = and keep=20 moving on. If there is not, then the stock falls. I wouldn't obsess = about=20 the why's, just the how-to's.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 6:04=20 PM
Subject: Re: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Thank you Katherine-that's why I = went off=20 topic. He requested opinions earlier and it interested me so I = gave one.=20 Is this o.k., to go off topic or  is it necessary to word it = in a=20 canslim type format as you did?  Also could I request your = opinion on=20 something. I sent a post this morning about a W chart-I believe = you sent=20 the chart through.  The charts and volume thing is driving me = nuts=20 because I'm not seeing it.  I saw a run up and a shake out - = a run up=20 and a shake out.  Do you have any advice or thoughts as to = why and=20 what to do-or do you see the same thing at all? I don't = understand=20 the mass investor thing that makes a W or triple bottom = happen like I=20 do the cup with a handle. I was hoping to get a response but = didn't,=20 because I'm frustrated by it. But if no thoughts on how to help,=20 appreciate your time.  Thanks Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a=20 technology with "potential"....but the only way to make (and = keep) real=20 money over the long run is to stick to a discipline and this = stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an = entirely=20 different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 5:04 PM
Subject: Re: [CANSLIM] = Tomorrow=20 -off topic

Donald-I did a little = checking on LNOP=20 when I read your post. I am always interested in new products = and in=20 some cases will buy in and wait for the business to develop = and the=20 fundamentals to improve, to buy low. Apparently EZ Chip = won the=20 award for the most highly integrated 10 Gigabit network=20 processor.  This company is a subsidiary of Lan = Optics(semi=20 conductor company). Lan optics holding in EZ Chip was just = increased=20 from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the=20 shares- 1.2 million newly issued shares of Lan Optics, for = their=20 additional stake. The EZ Chip is suppose to save time and = money of up=20 to 80%.  I have three things that kept me from going = further=20 and checking acc.-roe-rs etc. 1).Possible dilution of Lan = Optic share=20 by 1.2 million.      2) They are not=20 anticipating sales to affect revenues for apx. 1 year. = 3)  Semis=20 not shining lately .I appreciate your bringing it to my = attention and=20 I will follow it , but I think with the market like it is = there may be=20 a better buy in opportunity closer to when company starts to = grow from=20 the new product. But I could be just as wrong as right. I = got my=20 research from T.D. Waterhouse web site.  Good Luck with = it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 2:21 PM
Subject: Re: = [CANSLIM] Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the=20 market.  In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable = input,=20 than to always hang my hat on CANSLIM.   For = example,=20 early this morning  I came within a hair of buying into = AYE,=20 not because I thought it was a great investment but because, = at the=20 opening bell it was paying close to %10  in = dividends and=20  I knew in my heart that that would not last.  = Rather, I=20 thought I could easily take a %10 to %15 profit  by = buying=20 early and selling late today, since, no doubt, the brokers = would be=20 pushing the stock.  As it turned out, the ere was more = that=20 %10  invloved  However,  I found a = potentially=20 more favorable,  but admittedly longer term = investment,=20 that is, LNOP. for less that its closing price. I'd rather = run a=20 risk for a %500 gain than c\to ontinuously rake in %10 plus=20 gains.  It's all a matter of=20 perspective ------ Donald
----- Original Message = -----
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = July 31,=20 2002 4:46 PM
Subject: RE: = [CANSLIM]=20 Tomorrow

Heck, it was just the wise guys pushing the = market up at=20 the end. Check the volume. Today was month end and they = were=20 trying to pretty up things. The turnaround looks very = suspicious from my perspective particularly as almost all = of the=20 recent ones have occurred after 3 p.m. in NY including = this=20 one.
 
For me, I'll look at what the overseas markets = are doing=20 and the pre-market NASDAQ indicator before getting too = excited.=20 Further more, they were substantially more new lows than = new highs=20 for both the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among = the big=20 players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Donald Wallker
Sent: Wednesday, July 31, = 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I = suspect that=20 it will be a be a Bull day tomorrow given the = turn-around in=20 todays trading.  At this writing we are not yet = closed, but=20 we are far, far up from today's   earlier = market=20 weakness, which normally bodes well for tomorrow.  = So-- to=20 everyone in the Group i bid you a  Happy = Tomorrow! - -=20 = Donald 
------=_NextPart_000_0095_01C2394B.C000BF00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 10:12:12 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0051_01C23943.E7235640 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit Here is another site that has pretty good educational content. http://stockcharts.com/education/What/ChartAnalysis/index.html Here is another link to an article on the Myth of Buy and Hold. It does a good job of debunking some of the crap that mutual funds use in their advertise the "if you miss the 5 best days of the year" http://www.tamingthebear.com/mythbuyhold.doc -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Thursday, August 01, 2002 10:08 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Hi Nancy, Your email reminded me of the way I felt when I first started reading technicals. A confirmed fundamentalist, I thought it was a bunch of hooey. Despite reading example after example, I *still* had trouble understanding what the heck the author was describing. What I've found over time however is that chart reading is a lot like any other expertise. Practice, practice, practice and what was once awkward, seemingly random and inexplicable becomes second nature. I've read before that intuition is simply the ability to draw from a store of knowledge and experience without conscious effort. Practice will build a store of knowledge; investing, making mistakes and performing post-analysis will build experience. I still keep a practice binder, as the learning seems never to end. You might try randomly selecting a couple of stocks a day, mark the charts according to what you know, then go back to the charts at the end of a couple of weeks, a couple of months, a couple of years. Remark the chart each time with your new eyes and learn *again* what you thought you already knew. Here's some good references for basic chart reading: How Charts Can Help You in the Stock Market by William L. Jiler Secrets for Profiting in Bull and Bear Markets by Stan Weinstein Course 1 in the IBD Learning Center on our Web site has a lesson on chart reading. To get there directly, go to this link - http://www.investors.com/learn/B09.asp Also, go to the Investor's Corner archive entitled “What Can Technical Indicators Tell Me?” to view past articles on this topic - http://www.investors.com/learn/IC.asp#tech The“Ask Bill O’Neil” archive offers a compilation of Q&A’s on the subject of chart reading at this link - http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=5 For more detailed information on pivot points go to this link - http://www.investors.com/learn/ICtech21.asp Keep after it, Katherine "It is not the critic who counts, not the man who points out how the strong man stumbled or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at best, knows the triumph of high achievement; and who, at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat." --Theodore Roosevelt ----- Original Message ----- From: zillagirl To: canslim@lists.xmission.com Sent: Thursday, August 01, 2002 10:45 AM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thanks for your response. referring to your last line-don't obsess about the whys but the hows, I don't think I am obsessing-I just am not getting the charts. I see it when someone explains "look at volume on this day and what happened to the chart" or "its churning" or "you should have anticipated the drop by the chart action" but when I look by myself at it I am not seeing it. I thought if I put it out to the group, someone could tell me what helped them to understand this better. I guess not. I thought if I understood what was happening in the market better to make the action happen(as I do with a cup and handle) I'd see more in the charts. Maybe not. It's just frustrating but thank you for trying to help. Nancy ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Thursday, August 01, 2002 6:20 AM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) I don't see the discussion of LNOP as off-topic, instead I see it as an opportunity to practice the CANSLIM discipline. I've always believed that what you *don't* buy is often more important than what you *do* buy. Part of knowing what's worthy of an investment with your risk capital is to have a disciplined approach to evaluating each potential investment, and the CANSLIM list is a good place to practice. Following that discipline without exception makes the difference between OK and excellent returns, because that methodical process eliminates every emotional dark turn from your decision making. While it may seem that folks will post nothing but negative about a particular stock, it's important to have a methodology that weighs the pros and cons and then gives you a process to determine if the final weight is favorable given the risk/reward tradeoff. In the end, there's not a single investment decision that won't have odds. You stack those odds in your favor as best you can and then take the plunge. But.....odds also imply that, even if you've followed a discipline to the letter, there's *still* a chance that it will work against you. Discipline then takes over when you are forced to let go and move on to an alternative. While were talking psychology, I'll just answer your question about "the mass investor thing" by saying that it is more important to know what *is* than *why* it is. Chart patterns are formed because folks on the way up have differing objectives. Some have been in for a while and are simply taking their profits and moving on to another investment, some are taking money out of the stock because they know something about the business/company/industry/market that others haven't yet perceived, still others are fearful that they'll miss the boat or that they'll lose their profits if they overstay their welcome. That causes a correction of some sort. If there is another group of investors willing to step up to the plate, then the stock will form some sort of consolidation, set up and keep moving on. If there is not, then the stock falls. I wouldn't obsess about the why's, just the how-to's. Katherine ----- Original Message ----- From: zillagirl To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 6:04 PM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thank you Katherine-that's why I went off topic. He requested opinions earlier and it interested me so I gave one. Is this o.k., to go off topic or is it necessary to word it in a canslim type format as you did? Also could I request your opinion on something. I sent a post this morning about a W chart-I believe you sent the chart through. The charts and volume thing is driving me nuts because I'm not seeing it. I saw a run up and a shake out - a run up and a shake out. Do you have any advice or thoughts as to why and what to do-or do you see the same thing at all? I don't understand the mass investor thing that makes a W or triple bottom happen like I do the cup with a handle. I was hoping to get a response but didn't, because I'm frustrated by it. But if no thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 3:42 PM Subject: [CANSLIM] LNOP (was Tomorrow -off topic) Donald & Nancy, Here are the only facts you need to see this is a stinky stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a technology with "potential"....but the only way to make (and keep) real money over the long run is to stick to a discipline and this stock meets absolutely zero CANSLIM criteria. If this were a short term trading forum, then we'd be having an different discussion about an entirely different discipline. Katherine ----- Original Message ----- From: zillagirl To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 5:04 PM Subject: Re: [CANSLIM] Tomorrow -off topic Donald-I did a little checking on LNOP when I read your post. I am always interested in new products and in some cases will buy in and wait for the business to develop and the fundamentals to improve, to buy low. Apparently EZ Chip won the award for the most highly integrated 10 Gigabit network processor. This company is a subsidiary of Lan Optics(semi conductor company). Lan optics holding in EZ Chip was just increased from 57% to 66 % by issuing Apax-a venture capitalist co. who held the shares- 1.2 million newly issued shares of Lan Optics, for their additional stake. The EZ Chip is suppose to save time and money of up to 80%. I have three things that kept me from going further and checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 million. 2) They are not anticipating sales to affect revenues for apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it to my attention and I will follow it , but I think with the market like it is there may be a better buy in opportunity closer to when company starts to grow from the new product. But I could be just as wrong as right. I got my research from T.D. Waterhouse web site. Good Luck with it. nancy ----- Original Message ----- From: Donald Wallker To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow I'm so glad to hear from someone in the thick of things that tells me that emotions, rather than hide-bound calculations ,rule the day in the market. In truth, I'd rather take a risk, based on the sentiment of the marketplace together with some reasonable input, than to always hang my hat on CANSLIM. For example, early this morning I came within a hair of buying into AYE, not because I thought it was a great investment but because, at the opening bell it was paying close to %10 in dividends and I knew in my heart that that would not last. Rather, I thought I could easily take a %10 to %15 profit by buying early and selling late today, since, no doubt, the brokers would be pushing the stock. As it turned out, the ere was more that %10 invloved However, I found a potentially more favorable, but admittedly longer term investment, that is, LNOP. for less that its closing price. I'd rather run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains. It's all a matter of perspective ------ Donald ----- Original Message ----- From: Fred Richards To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow Heck, it was just the wise guys pushing the market up at the end. Check the volume. Today was month end and they were trying to pretty up things. The turnaround looks very suspicious from my perspective particularly as almost all of the recent ones have occurred after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing and the pre-market NASDAQ indicator before getting too excited. Further more, they were substantially more new lows than new highs for both the NYSE and the NASDAQ. But emotions, not facts, rule markets even among the big players. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow "Tomorrow, tomorrow, there's always tomorrow, it's only a day away." And I suspect that it will be a be a Bull day tomorrow given the turn-around in todays trading. At this writing we are not yet closed, but we are far, far up from today's earlier market weakness, which normally bodes well for tomorrow. So-- to everyone in the Group i bid you a Happy Tomorrow! - - Donald ------=_NextPart_000_0051_01C23943.E7235640 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Here=20 is another site that has pretty good educational = content.
h= ttp://stockcharts.com/education/What/ChartAnalysis/index.html<= /DIV>
 
Here=20 is another link to an article on the Myth of Buy and Hold.  It does = a good=20 job of debunking some of the crap that mutual funds use in their = advertise the=20 "if you miss the 5 best days of the year"
http://www.tamingth= ebear.com/mythbuyhold.doc
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Thursday, August 01, 2002 10:08 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] LNOP (was = Tomorrow=20 -off topic)

Hi Nancy,
 
Your email reminded me of the way I felt when I first started = reading=20 technicals. A confirmed fundamentalist, I thought it was a bunch of = hooey.=20 Despite reading example after example, I *still* had trouble = understanding=20 what the heck the author was describing. What I've found over time = however is=20 that chart reading is a lot like any other expertise. Practice, = practice,=20 practice and what was once awkward, seemingly random and inexplicable = becomes=20 second nature. I've read before that intuition is simply the ability = to draw=20 from a store of knowledge and experience without conscious effort. = Practice=20 will build a store of knowledge; investing, making mistakes and = performing=20 post-analysis will build experience. I still keep a practice binder, = as the=20 learning seems never to end. You might try randomly selecting a = couple of=20  stocks a day, mark the charts according to what you know, then = go back=20 to the charts at the end of a couple of weeks, a couple of months, a = couple of=20 years. Remark the chart each time with your new eyes and learn *again* = what=20 you thought you already knew.
 
Here's some good references for basic chart reading:
How Charts Can Help You in the Stock Market by William L.=20 Jiler
Secrets for Profiting in Bull and Bear Markets by Stan = Weinstein
 
Course 1 in the IBD Learning Center on our Web site has a lesson = on chart=20 reading. To get there directly, go to this link - http://www.investors.com/learn/B09.asp =
Also, go=20 to the Investor's Corner archive entitled =93What Can Technical = Indicators Tell=20 Me?=94 to view past articles on this topic - http://www.investors.com/learn/IC.asp#tech=20
The=93Ask Bill O=92Neil=94 archive offers a compilation of = Q&A=92s on the=20 subject of chart reading at this link - = http://www.investors.com/askBill/Search_ByTopic.asp?Topic= ID=3D5=20
For more detailed information on pivot points go to this link - http://www.investors.com/learn/ICtech21.asp
 
Keep after it,
Katherine
 
"It is not the critic who counts, not the man who points out how = the=20 strong man stumbled or where the doer of deeds could have done them = better.=20 The credit belongs to the man who is actually in the arena; whose face = is=20 marred by dust and sweat and blood; who strives valiantly; who errs = and comes=20 short again and again; who knows the great enthusiasms, the great = devotions,=20 and spends himself in a worthy cause; who, at best, knows the triumph = of high=20 achievement; and who, at the worst, if he fails, at least fails while = daring=20 greatly, so that his place shall never be with those cold and timid = souls who=20 know neither victory nor defeat." --Theodore Roosevelt
----- Original Message -----
From:=20 zillagirl
Sent: Thursday, August 01, = 2002 10:45=20 AM
Subject: Re: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Thanks for your response. referring = to your=20 last line-don't obsess about the whys but the hows, I don't = think I am=20 obsessing-I just am not getting the charts.  I see it when = someone=20 explains "look at volume on this day and what happened to the = chart" =20 or "its churning" or "you should have anticipated the drop by the = chart=20 action" but when I look by myself at it I am not seeing = it.  I=20 thought if I put it out to the group, someone could tell me what = helped them=20 to understand this better.  I guess not.  I thought if I=20 understood what was happening in the market better to make the = action=20 happen(as I do with a cup and handle) I'd see more in the = charts. =20 Maybe not.  It's just frustrating but thank you for trying to=20 help.  Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Thursday, August 01, = 2002 6:20=20 AM
Subject: Re: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

I don't see the discussion of LNOP as off-topic, instead I = see it as=20 an opportunity to practice the CANSLIM discipline. I've always = believed=20 that what you *don't* buy is often more important than what you = *do* buy.=20 Part of knowing what's worthy of an investment with your risk = capital is=20 to have a disciplined approach to evaluating each potential = investment,=20 and the CANSLIM list is a good place to practice. Following that=20 discipline without exception makes the difference between OK and = excellent=20 returns, because that methodical process eliminates every = emotional dark=20 turn from your decision making. While it may seem that folks will = post=20 nothing but negative about a particular stock, it's important to = have a=20 methodology that weighs the pros and cons and then gives you a = process to=20 determine if the final weight is favorable given the risk/reward = tradeoff.=20 In the end, there's not a single investment decision that won't = have odds.=20 You stack those odds in your favor as best you can and then take = the=20 plunge. But.....odds also imply that, even if you've followed a = discipline=20 to the letter, there's *still* a chance that it will work against = you.=20 Discipline then takes over when you are forced to let go and move = on to an=20 alternative.
 
While were talking psychology, I'll just answer your question = about=20 "the mass investor thing" by saying that it is more important to = know what=20 *is* than *why* it is. Chart patterns are formed because folks on = the way=20 up have differing objectives. Some have been in for a while and = are simply=20 taking their profits and moving on to another investment, some are = taking=20 money out of the stock because they know something about the=20 business/company/industry/market that others haven't yet = perceived, still=20 others are fearful that they'll miss the boat or that they'll lose = their=20 profits if they overstay their welcome. That causes a correction = of some=20 sort. If there is another group of investors willing to step up to = the=20 plate, then the stock will form some sort of consolidation, set up = and=20 keep moving on. If there is not, then the stock falls. I wouldn't = obsess=20 about the why's, just the how-to's.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 6:04=20 PM
Subject: Re: [CANSLIM] = LNOP (was=20 Tomorrow -off topic)

Thank you Katherine-that's why = I went off=20 topic. He requested opinions earlier and it interested me so I = gave one.=20 Is this o.k., to go off topic or  is it necessary to word = it in a=20 canslim type format as you did?  Also could I request your = opinion=20 on something. I sent a post this morning about a W chart-I = believe you=20 sent the chart through.  The charts and volume thing is = driving me=20 nuts because I'm not seeing it.  I saw a run up and a shake = out - a=20 run up and a shake out.  Do you have any advice or thoughts = as to=20 why and what to do-or do you see the same thing at all? I = don't=20 understand the mass investor thing that makes a W or triple = bottom=20 happen like I do the cup with a handle. I was hoping to get a=20 response but didn't, because I'm frustrated by it. But if = no=20 thoughts on how to help, appreciate your time.  Thanks=20 Nancy
----- Original Message ----- =
From:=20 Katherine Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 3:42 PM
Subject: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on = a=20 technology with "potential"....but the only way to make (and = keep)=20 real money over the long run is to stick to a discipline and = this=20 stock meets absolutely zero CANSLIM criteria. If this = were a=20 short term trading forum, then we'd be having an different = discussion=20 about an entirely different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 5:04 PM
Subject: Re: = [CANSLIM] Tomorrow=20 -off topic

Donald-I did a little = checking on LNOP=20 when I read your post. I am always interested in new = products and in=20 some cases will buy in and wait for the business to develop = and the=20 fundamentals to improve, to buy low. Apparently EZ Chip = won the=20 award for the most highly integrated 10 Gigabit network=20 processor.  This company is a subsidiary of Lan = Optics(semi=20 conductor company). Lan optics holding in EZ Chip was just = increased=20 from 57% to 66 % by issuing Apax-a venture capitalist co. = who held=20 the shares- 1.2 million newly issued shares of Lan Optics, = for their=20 additional stake. The EZ Chip is suppose to save time and = money of=20 up to 80%.  I have three things that kept me from = going=20 further and checking acc.-roe-rs etc. 1).Possible dilution = of Lan=20 Optic share by 1.2 million.      2) = They=20 are not anticipating sales to affect revenues for apx. 1 = year.=20 3)  Semis not shining lately .I appreciate your = bringing it to=20 my attention and I will follow it , but I think with the = market like=20 it is there may be a better buy in opportunity closer to = when=20 company starts to grow from the new product. But I = could be=20 just as wrong as right. I got my research from T.D. = Waterhouse web=20 site.  Good Luck with it.  nancy
----- Original Message = -----
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = July 31,=20 2002 2:21 PM
Subject: Re: = [CANSLIM]=20 Tomorrow

I'm so glad to hear from = someone in=20 the thick of things that tells me that emotions,=20 rather  than  hide-bound  calculations = ,rule=20 the day in the market.  In truth, I'd rather take a = risk,=20 based on the sentiment of the marketplace together with = some=20 reasonable input, than to always hang my hat on=20 CANSLIM.   For example, early this morning =  I came=20 within a hair of buying into AYE, not because I thought it = was a=20 great investment but because, at the opening bell it was=20 paying close to %10  in dividends and  I = knew in my=20 heart that that would not last.  Rather, I thought I = could=20 easily take a %10 to %15 profit  by buying early and = selling=20 late today, since, no doubt, the brokers would be pushing = the=20 stock.  As it turned out, the ere was more that = %10 =20 invloved  However,  I found a potentially=20 more favorable,  but admittedly longer term = investment,=20 that is, LNOP. for less that its closing price. I'd rather = run a=20 risk for a %500 gain than c\to ontinuously rake in %10 = plus=20 gains.  It's all a matter of=20 perspective ------ Donald
----- Original Message = -----=20
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = July 31,=20 2002 4:46 PM
Subject: RE: = [CANSLIM]=20 Tomorrow

Heck, it was just the wise guys = pushing the=20 market up at the end. Check the volume. Today was month = end and=20 they were trying to pretty up things. The = turnaround looks=20 very suspicious from my perspective particularly as = almost all=20 of the recent ones have occurred after 3 p.m. in NY = including=20 this one.
 
For me, I'll look at what the = overseas=20 markets are doing and the pre-market NASDAQ indicator = before=20 getting too excited. Further more, they were = substantially more=20 new lows than new highs for both the NYSE and the = NASDAQ.=20
 
But emotions, not facts, rule = markets even=20 among the big players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf = Of=20 Donald Wallker
Sent: Wednesday, July 31, = 2002=20 3:06 PM
To:=20 canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Tomorrow

"Tomorrow, tomorrow, = there's=20 always tomorrow, it's only a day away."  And =  I=20 suspect that it will be a be a Bull day tomorrow given = the=20 turn-around in todays trading.  At this writing = we are=20 not yet closed, but we are far, far up = from today's=20   earlier market weakness, which normally bodes = well for=20 tomorrow.  So-- to everyone in the Group i = bid you a=20  Happy Tomorrow! - -=20 = Donald 
------=_NextPart_000_0051_01C23943.E7235640-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 12:36:33 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000C_01C23958.11D963C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke ----In the same vein (tongue in cheek) I at one to thought = of sending out a general e-mail giving everyone my home address and = telling them it was their last chance to send me $10.00. Unfortunately = that's illegal, but I 'd have probably gotten a ton of mail. ----HMMM? = ----Donald.. =20 ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 11:23 AM Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) I am starting a new company, folks. Don't ask me what it's going to = make, because I don't yet know. I have no clue what it's going to sell. = I don't know where it's going to be located. All I know is that, even = without a pro forma to show them, I'll have an unlimited amount of = venture capitalists begging me to take their money. All I have to do is = convince Katherine to be my CEO! You're something else! Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Thursday, August 01, 2002 9:20 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) I don't see the discussion of LNOP as off-topic, instead I see it as = an opportunity to practice the CANSLIM discipline. I've always believed = that what you *don't* buy is often more important than what you *do* = buy. Part of knowing what's worthy of an investment with your risk = capital is to have a disciplined approach to evaluating each potential = investment, and the CANSLIM list is a good place to practice. Following = that discipline without exception makes the difference between OK and = excellent returns, because that methodical process eliminates every = emotional dark turn from your decision making. While it may seem that = folks will post nothing but negative about a particular stock, it's = important to have a methodology that weighs the pros and cons and then = gives you a process to determine if the final weight is favorable given = the risk/reward tradeoff. In the end, there's not a single investment = decision that won't have odds. You stack those odds in your favor as = best you can and then take the plunge. But.....odds also imply that, = even if you've followed a discipline to the letter, there's *still* a = chance that it will work against you. Discipline then takes over when = you are forced to let go and move on to an alternative. While were talking psychology, I'll just answer your question about = "the mass investor thing" by saying that it is more important to know = what *is* than *why* it is. Chart patterns are formed because folks on = the way up have differing objectives. Some have been in for a while and = are simply taking their profits and moving on to another investment, = some are taking money out of the stock because they know something about = the business/company/industry/market that others haven't yet perceived, = still others are fearful that they'll miss the boat or that they'll lose = their profits if they overstay their welcome. That causes a correction = of some sort. If there is another group of investors willing to step up = to the plate, then the stock will form some sort of consolidation, set = up and keep moving on. If there is not, then the stock falls. I wouldn't = obsess about the why's, just the how-to's. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 6:04 PM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thank you Katherine-that's why I went off topic. He requested = opinions earlier and it interested me so I gave one. Is this o.k., to go = off topic or is it necessary to word it in a canslim type format as you = did? Also could I request your opinion on something. I sent a post this = morning about a W chart-I believe you sent the chart through. The = charts and volume thing is driving me nuts because I'm not seeing it. I = saw a run up and a shake out - a run up and a shake out. Do you have = any advice or thoughts as to why and what to do-or do you see the same = thing at all? I don't understand the mass investor thing that makes a W = or triple bottom happen like I do the cup with a handle. I was hoping to = get a response but didn't, because I'm frustrated by it. But if no = thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 3:42 PM Subject: [CANSLIM] LNOP (was Tomorrow -off topic) Donald & Nancy, Here are the only facts you need to see this is a stinky = stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a = technology with "potential"....but the only way to make (and keep) real = money over the long run is to stick to a discipline and this stock meets = absolutely zero CANSLIM criteria. If this were a short term trading = forum, then we'd be having an different discussion about an entirely = different discipline. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 5:04 PM Subject: Re: [CANSLIM] Tomorrow -off topic Donald-I did a little checking on LNOP when I read your post. = I am always interested in new products and in some cases will buy in and = wait for the business to develop and the fundamentals to improve, to buy = low. Apparently EZ Chip won the award for the most highly integrated 10 = Gigabit network processor. This company is a subsidiary of Lan = Optics(semi conductor company). Lan optics holding in EZ Chip was just = increased from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the shares- 1.2 million newly issued shares of Lan Optics, for = their additional stake. The EZ Chip is suppose to save time and money of = up to 80%. I have three things that kept me from going further and = checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 = million. 2) They are not anticipating sales to affect revenues for = apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it = to my attention and I will follow it , but I think with the market like = it is there may be a better buy in opportunity closer to when company = starts to grow from the new product. But I could be just as wrong as = right. I got my research from T.D. Waterhouse web site. Good Luck with = it. nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow=20 I'm so glad to hear from someone in the thick of things that = tells me that emotions, rather than hide-bound calculations ,rule the = day in the market. In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable input, than = to always hang my hat on CANSLIM. For example, early this morning I = came within a hair of buying into AYE, not because I thought it was a = great investment but because, at the opening bell it was paying close to = %10 in dividends and I knew in my heart that that would not last. = Rather, I thought I could easily take a %10 to %15 profit by buying = early and selling late today, since, no doubt, the brokers would be = pushing the stock. As it turned out, the ere was more that %10 = invloved However, I found a potentially more favorable, but = admittedly longer term investment, that is, LNOP. for less that its = closing price. I'd rather run a risk for a %500 gain than c\to = ontinuously rake in %10 plus gains. It's all a matter of perspective = ------ Donald=20 ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow=20 Heck, it was just the wise guys pushing the market up at = the end. Check the volume. Today was month end and they were trying to = pretty up things. The turnaround looks very suspicious from my = perspective particularly as almost all of the recent ones have occurred = after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing = and the pre-market NASDAQ indicator before getting too excited. Further = more, they were substantially more new lows than new highs for both the = NYSE and the NASDAQ.=20 But emotions, not facts, rule markets even among the big = players. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow=20 "Tomorrow, tomorrow, there's always tomorrow, it's only = a day away." And I suspect that it will be a be a Bull day tomorrow = given the turn-around in todays trading. At this writing we are not yet = closed, but we are far, far up from today's earlier market weakness, = which normally bodes well for tomorrow. So-- to everyone in the Group i = bid you a Happy Tomorrow! - - Donald=20 ------=_NextPart_000_000C_01C23958.11D963C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Duke ----In the same vein (tongue in = cheek) I at=20 one to thought of sending out a general e-mail giving everyone my home = address=20 and telling them it was their last chance to send me $10.00.  = Unfortunately=20 that's illegal, but I 'd have probably gotten a ton of mail.=20 ----HMMM?   ----Donald..    
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Thursday, August 01, 2002 = 11:23=20 AM
Subject: RE: [CANSLIM] LNOP = (was Tomorrow=20 -off topic)

I am starting a new company, folks. =  Don't ask=20 me what it's going to make, because I don't yet know.  I have no = clue=20 what it's going to sell.  I don't know where it's going to be=20 located.   All I = know is that,=20 even without a pro forma to show them, I'll have an unlimited = amount of=20 venture capitalists begging me to take their money.  All I = have to=20 do is convince Katherine to be my CEO!
 
You're = something=20 else!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Thursday, August = 01, 2002=20 9:20 AM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] LNOP (was Tomorrow -off topic)

I don't see the discussion of LNOP as off-topic, instead I see = it as an=20 opportunity to practice the CANSLIM discipline. I've always believed = that=20 what you *don't* buy is often more important than what you *do* buy. = Part of=20 knowing what's worthy of an investment with your risk capital is to = have a=20 disciplined approach to evaluating each potential investment, and = the=20 CANSLIM list is a good place to practice. Following that discipline = without=20 exception makes the difference between OK and excellent returns, = because=20 that methodical process eliminates every emotional dark turn from = your=20 decision making. While it may seem that folks will post nothing but = negative=20 about a particular stock, it's important to have a methodology that = weighs=20 the pros and cons and then gives you a process to determine if the = final=20 weight is favorable given the risk/reward tradeoff. In the end, = there's not=20 a single investment decision that won't have odds. You stack those = odds in=20 your favor as best you can and then take the plunge. But.....odds = also imply=20 that, even if you've followed a discipline to the letter, there's = *still* a=20 chance that it will work against you. Discipline then takes over = when you=20 are forced to let go and move on to an alternative.
 
While were talking psychology, I'll just answer your question = about=20 "the mass investor thing" by saying that it is more important to = know what=20 *is* than *why* it is. Chart patterns are formed because folks on = the way up=20 have differing objectives. Some have been in for a while and are = simply=20 taking their profits and moving on to another investment, some are = taking=20 money out of the stock because they know something about the=20 business/company/industry/market that others haven't yet perceived, = still=20 others are fearful that they'll miss the boat or that they'll lose = their=20 profits if they overstay their welcome. That causes a correction of = some=20 sort. If there is another group of investors willing to step up to = the=20 plate, then the stock will form some sort of consolidation, set up = and keep=20 moving on. If there is not, then the stock falls. I wouldn't obsess = about=20 the why's, just the how-to's.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 6:04=20 PM
Subject: Re: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Thank you Katherine-that's why I = went off=20 topic. He requested opinions earlier and it interested me so I = gave one.=20 Is this o.k., to go off topic or  is it necessary to word it = in a=20 canslim type format as you did?  Also could I request your = opinion on=20 something. I sent a post this morning about a W chart-I believe = you sent=20 the chart through.  The charts and volume thing is driving me = nuts=20 because I'm not seeing it.  I saw a run up and a shake out - = a run up=20 and a shake out.  Do you have any advice or thoughts as to = why and=20 what to do-or do you see the same thing at all? I don't = understand=20 the mass investor thing that makes a W or triple bottom = happen like I=20 do the cup with a handle. I was hoping to get a response but = didn't,=20 because I'm frustrated by it. But if no thoughts on how to help,=20 appreciate your time.  Thanks Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 3:42=20 PM
Subject: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on a=20 technology with "potential"....but the only way to make (and = keep) real=20 money over the long run is to stick to a discipline and this = stock meets=20 absolutely zero CANSLIM criteria. If this were a short term = trading=20 forum, then we'd be having an different discussion about an = entirely=20 different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 5:04 PM
Subject: Re: [CANSLIM] = Tomorrow=20 -off topic

Donald-I did a little = checking on LNOP=20 when I read your post. I am always interested in new products = and in=20 some cases will buy in and wait for the business to develop = and the=20 fundamentals to improve, to buy low. Apparently EZ Chip = won the=20 award for the most highly integrated 10 Gigabit network=20 processor.  This company is a subsidiary of Lan = Optics(semi=20 conductor company). Lan optics holding in EZ Chip was just = increased=20 from 57% to 66 % by issuing Apax-a venture capitalist co. who = held the=20 shares- 1.2 million newly issued shares of Lan Optics, for = their=20 additional stake. The EZ Chip is suppose to save time and = money of up=20 to 80%.  I have three things that kept me from going = further=20 and checking acc.-roe-rs etc. 1).Possible dilution of Lan = Optic share=20 by 1.2 million.      2) They are not=20 anticipating sales to affect revenues for apx. 1 year. = 3)  Semis=20 not shining lately .I appreciate your bringing it to my = attention and=20 I will follow it , but I think with the market like it is = there may be=20 a better buy in opportunity closer to when company starts to = grow from=20 the new product. But I could be just as wrong as right. I = got my=20 research from T.D. Waterhouse web site.  Good Luck with = it. =20 nancy
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 2:21 PM
Subject: Re: = [CANSLIM] Tomorrow=20

I'm so glad to hear from = someone in the=20 thick of things that tells me that emotions, = rather  than=20  hide-bound  calculations ,rule the day in the=20 market.  In truth, I'd rather take a risk, based on the = sentiment of the marketplace together with some reasonable = input,=20 than to always hang my hat on CANSLIM.   For = example,=20 early this morning  I came within a hair of buying into = AYE,=20 not because I thought it was a great investment but because, = at the=20 opening bell it was paying close to %10  in = dividends and=20  I knew in my heart that that would not last.  = Rather, I=20 thought I could easily take a %10 to %15 profit  by = buying=20 early and selling late today, since, no doubt, the brokers = would be=20 pushing the stock.  As it turned out, the ere was more = that=20 %10  invloved  However,  I found a = potentially=20 more favorable,  but admittedly longer term = investment,=20 that is, LNOP. for less that its closing price. I'd rather = run a=20 risk for a %500 gain than c\to ontinuously rake in %10 plus=20 gains.  It's all a matter of=20 perspective ------ Donald
----- Original Message = -----
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = July 31,=20 2002 4:46 PM
Subject: RE: = [CANSLIM]=20 Tomorrow

Heck, it was just the wise guys pushing the = market up at=20 the end. Check the volume. Today was month end and they = were=20 trying to pretty up things. The turnaround looks very = suspicious from my perspective particularly as almost all = of the=20 recent ones have occurred after 3 p.m. in NY including = this=20 one.
 
For me, I'll look at what the overseas markets = are doing=20 and the pre-market NASDAQ indicator before getting too = excited.=20 Further more, they were substantially more new lows than = new highs=20 for both the NYSE and the NASDAQ.
 
But emotions, not facts, rule markets even among = the big=20 players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Donald Wallker
Sent: Wednesday, July 31, = 2002 3:06=20 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] Tomorrow

"Tomorrow, tomorrow, = there's always=20 tomorrow, it's only a day away."  And  I = suspect that=20 it will be a be a Bull day tomorrow given the = turn-around in=20 todays trading.  At this writing we are not yet = closed, but=20 we are far, far up from today's   earlier = market=20 weakness, which normally bodes well for tomorrow.  = So-- to=20 everyone in the Group i bid you a  Happy = Tomorrow! - -=20 = Donald 
------=_NextPart_000_000C_01C23958.11D963C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) Date: 01 Aug 2002 10:43:57 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0061_01C23948.56F3EC10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit MessageThat is not illegal as long as you dont say they get anything. Begging is not a Ponzi scheme. So if anyone is interested in sending me money feel free :-) :-) -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Thursday, August 01, 2002 10:37 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Duke ----In the same vein (tongue in cheek) I at one to thought of sending out a general e-mail giving everyone my home address and telling them it was their last chance to send me $10.00. Unfortunately that's illegal, but I 'd have probably gotten a ton of mail. ----HMMM? ----Donald.. ----- Original Message ----- From: Duke Miller To: canslim@lists.xmission.com Sent: Thursday, August 01, 2002 11:23 AM Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic) I am starting a new company, folks. Don't ask me what it's going to make, because I don't yet know. I have no clue what it's going to sell. I don't know where it's going to be located. All I know is that, even without a pro forma to show them, I'll have an unlimited amount of venture capitalists begging me to take their money. All I have to do is convince Katherine to be my CEO! You're something else! Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Thursday, August 01, 2002 9:20 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) I don't see the discussion of LNOP as off-topic, instead I see it as an opportunity to practice the CANSLIM discipline. I've always believed that what you *don't* buy is often more important than what you *do* buy. Part of knowing what's worthy of an investment with your risk capital is to have a disciplined approach to evaluating each potential investment, and the CANSLIM list is a good place to practice. Following that discipline without exception makes the difference between OK and excellent returns, because that methodical process eliminates every emotional dark turn from your decision making. While it may seem that folks will post nothing but negative about a particular stock, it's important to have a methodology that weighs the pros and cons and then gives you a process to determine if the final weight is favorable given the risk/reward tradeoff. In the end, there's not a single investment decision that won't have odds. You stack those odds in your favor as best you can and then take the plunge. But.....odds also imply that, even if you've followed a discipline to the letter, there's *still* a chance that it will work against you. Discipline then takes over when you are forced to let go and move on to an alternative. While were talking psychology, I'll just answer your question about "the mass investor thing" by saying that it is more important to know what *is* than *why* it is. Chart patterns are formed because folks on the way up have differing objectives. Some have been in for a while and are simply taking their profits and moving on to another investment, some are taking money out of the stock because they know something about the business/company/industry/market that others haven't yet perceived, still others are fearful that they'll miss the boat or that they'll lose their profits if they overstay their welcome. That causes a correction of some sort. If there is another group of investors willing to step up to the plate, then the stock will form some sort of consolidation, set up and keep moving on. If there is not, then the stock falls. I wouldn't obsess about the why's, just the how-to's. Katherine ----- Original Message ----- From: zillagirl To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 6:04 PM Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic) Thank you Katherine-that's why I went off topic. He requested opinions earlier and it interested me so I gave one. Is this o.k., to go off topic or is it necessary to word it in a canslim type format as you did? Also could I request your opinion on something. I sent a post this morning about a W chart-I believe you sent the chart through. The charts and volume thing is driving me nuts because I'm not seeing it. I saw a run up and a shake out - a run up and a shake out. Do you have any advice or thoughts as to why and what to do-or do you see the same thing at all? I don't understand the mass investor thing that makes a W or triple bottom happen like I do the cup with a handle. I was hoping to get a response but didn't, because I'm frustrated by it. But if no thoughts on how to help, appreciate your time. Thanks Nancy ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 3:42 PM Subject: [CANSLIM] LNOP (was Tomorrow -off topic) Donald & Nancy, Here are the only facts you need to see this is a stinky stock... Cashflow NEGATIVE Earnings NEGATIVE (never had a positive year) Growth in Sales NEGATIVE RS 42 and DECLINING Price LESS THAN 50 and 200 day moving averages Research is one thing if you want to be "in the know" on a technology with "potential"....but the only way to make (and keep) real money over the long run is to stick to a discipline and this stock meets absolutely zero CANSLIM criteria. If this were a short term trading forum, then we'd be having an different discussion about an entirely different discipline. Katherine ----- Original Message ----- From: zillagirl To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 5:04 PM Subject: Re: [CANSLIM] Tomorrow -off topic Donald-I did a little checking on LNOP when I read your post. I am always interested in new products and in some cases will buy in and wait for the business to develop and the fundamentals to improve, to buy low. Apparently EZ Chip won the award for the most highly integrated 10 Gigabit network processor. This company is a subsidiary of Lan Optics(semi conductor company). Lan optics holding in EZ Chip was just increased from 57% to 66 % by issuing Apax-a venture capitalist co. who held the shares- 1.2 million newly issued shares of Lan Optics, for their additional stake. The EZ Chip is suppose to save time and money of up to 80%. I have three things that kept me from going further and checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2 million. 2) They are not anticipating sales to affect revenues for apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it to my attention and I will follow it , but I think with the market like it is there may be a better buy in opportunity closer to when company starts to grow from the new product. But I could be just as wrong as right. I got my research from T.D. Waterhouse web site. Good Luck with it. nancy ----- Original Message ----- From: Donald Wallker To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 2:21 PM Subject: Re: [CANSLIM] Tomorrow I'm so glad to hear from someone in the thick of things that tells me that emotions, rather than hide-bound calculations ,rule the day in the market. In truth, I'd rather take a risk, based on the sentiment of the marketplace together with some reasonable input, than to always hang my hat on CANSLIM. For example, early this morning I came within a hair of buying into AYE, not because I thought it was a great investment but because, at the opening bell it was paying close to %10 in dividends and I knew in my heart that that would not last. Rather, I thought I could easily take a %10 to %15 profit by buying early and selling late today, since, no doubt, the brokers would be pushing the stock. As it turned out, the ere was more that %10 invloved However, I found a potentially more favorable, but admittedly longer term investment, that is, LNOP. for less that its closing price. I'd rather run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains. It's all a matter of perspective ------ Donald ----- Original Message ----- From: Fred Richards To: canslim@lists.xmission.com Sent: Wednesday, July 31, 2002 4:46 PM Subject: RE: [CANSLIM] Tomorrow Heck, it was just the wise guys pushing the market up at the end. Check the volume. Today was month end and they were trying to pretty up things. The turnaround looks very suspicious from my perspective particularly as almost all of the recent ones have occurred after 3 p.m. in NY including this one. For me, I'll look at what the overseas markets are doing and the pre-market NASDAQ indicator before getting too excited. Further more, they were substantially more new lows than new highs for both the NYSE and the NASDAQ. But emotions, not facts, rule markets even among the big players. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Wednesday, July 31, 2002 3:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Tomorrow "Tomorrow, tomorrow, there's always tomorrow, it's only a day away." And I suspect that it will be a be a Bull day tomorrow given the turn-around in todays trading. At this writing we are not yet closed, but we are far, far up from today's earlier market weakness, which normally bodes well for tomorrow. So-- to everyone in the Group i bid you a Happy Tomorrow! - - Donald ------=_NextPart_000_0061_01C23948.56F3EC10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
That=20 is not illegal as long as you dont say they get anything.  Begging = is not a=20 Ponzi scheme.  So if anyone is interested in sending me money feel = free :-)=20 :-)
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald=20 Wallker
Sent: Thursday, August 01, 2002 10:37 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] LNOP (was = Tomorrow=20 -off topic)

Duke ----In the same vein (tongue in = cheek) I at=20 one to thought of sending out a general e-mail giving everyone my home = address=20 and telling them it was their last chance to send me $10.00. =20 Unfortunately that's illegal, but I 'd have probably gotten a ton of = mail.=20 ----HMMM?   ----Donald..    
----- Original Message -----
From:=20 Duke Miller
Sent: Thursday, August 01, = 2002 11:23=20 AM
Subject: RE: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

I am starting a new company, folks. =  Don't ask=20 me what it's going to make, because I don't yet know.  I have = no clue=20 what it's going to sell.  I don't know where it's going to be=20 located.   All I = know is=20 that, even without a pro forma to show them, I'll have an = unlimited=20 amount of venture capitalists begging me to take their = money.  All=20 I have to do is convince Katherine to be my CEO!
 
You're = something=20 else!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Thursday, = August 01,=20 2002 9:20 AM
To: = canslim@lists.xmission.com
Subject:=20 Re: [CANSLIM] LNOP (was Tomorrow -off topic)

I don't see the discussion of LNOP as off-topic, instead I = see it as=20 an opportunity to practice the CANSLIM discipline. I've always = believed=20 that what you *don't* buy is often more important than what you = *do* buy.=20 Part of knowing what's worthy of an investment with your risk = capital is=20 to have a disciplined approach to evaluating each potential = investment,=20 and the CANSLIM list is a good place to practice. Following that=20 discipline without exception makes the difference between OK and = excellent=20 returns, because that methodical process eliminates every = emotional dark=20 turn from your decision making. While it may seem that folks will = post=20 nothing but negative about a particular stock, it's important to = have a=20 methodology that weighs the pros and cons and then gives you a = process to=20 determine if the final weight is favorable given the risk/reward = tradeoff.=20 In the end, there's not a single investment decision that won't = have odds.=20 You stack those odds in your favor as best you can and then take = the=20 plunge. But.....odds also imply that, even if you've followed a = discipline=20 to the letter, there's *still* a chance that it will work against = you.=20 Discipline then takes over when you are forced to let go and move = on to an=20 alternative.
 
While were talking psychology, I'll just answer your question = about=20 "the mass investor thing" by saying that it is more important to = know what=20 *is* than *why* it is. Chart patterns are formed because folks on = the way=20 up have differing objectives. Some have been in for a while and = are simply=20 taking their profits and moving on to another investment, some are = taking=20 money out of the stock because they know something about the=20 business/company/industry/market that others haven't yet = perceived, still=20 others are fearful that they'll miss the boat or that they'll lose = their=20 profits if they overstay their welcome. That causes a correction = of some=20 sort. If there is another group of investors willing to step up to = the=20 plate, then the stock will form some sort of consolidation, set up = and=20 keep moving on. If there is not, then the stock falls. I wouldn't = obsess=20 about the why's, just the how-to's.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 6:04=20 PM
Subject: Re: [CANSLIM] = LNOP (was=20 Tomorrow -off topic)

Thank you Katherine-that's why = I went off=20 topic. He requested opinions earlier and it interested me so I = gave one.=20 Is this o.k., to go off topic or  is it necessary to word = it in a=20 canslim type format as you did?  Also could I request your = opinion=20 on something. I sent a post this morning about a W chart-I = believe you=20 sent the chart through.  The charts and volume thing is = driving me=20 nuts because I'm not seeing it.  I saw a run up and a shake = out - a=20 run up and a shake out.  Do you have any advice or thoughts = as to=20 why and what to do-or do you see the same thing at all? I = don't=20 understand the mass investor thing that makes a W or triple = bottom=20 happen like I do the cup with a handle. I was hoping to get a=20 response but didn't, because I'm frustrated by it. But if = no=20 thoughts on how to help, appreciate your time.  Thanks=20 Nancy
----- Original Message ----- =
From:=20 Katherine Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 3:42 PM
Subject: [CANSLIM] LNOP = (was=20 Tomorrow -off topic)

Donald & Nancy,
 
Here are the only facts you need to see this is a stinky=20 stock...
 
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
 
Research is one thing if you want to be "in the know" on = a=20 technology with "potential"....but the only way to make (and = keep)=20 real money over the long run is to stick to a discipline and = this=20 stock meets absolutely zero CANSLIM criteria. If this = were a=20 short term trading forum, then we'd be having an different = discussion=20 about an entirely different discipline.
 
Katherine
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July = 31, 2002=20 5:04 PM
Subject: Re: = [CANSLIM] Tomorrow=20 -off topic

Donald-I did a little = checking on LNOP=20 when I read your post. I am always interested in new = products and in=20 some cases will buy in and wait for the business to develop = and the=20 fundamentals to improve, to buy low. Apparently EZ Chip = won the=20 award for the most highly integrated 10 Gigabit network=20 processor.  This company is a subsidiary of Lan = Optics(semi=20 conductor company). Lan optics holding in EZ Chip was just = increased=20 from 57% to 66 % by issuing Apax-a venture capitalist co. = who held=20 the shares- 1.2 million newly issued shares of Lan Optics, = for their=20 additional stake. The EZ Chip is suppose to save time and = money of=20 up to 80%.  I have three things that kept me from = going=20 further and checking acc.-roe-rs etc. 1).Possible dilution = of Lan=20 Optic share by 1.2 million.      2) = They=20 are not anticipating sales to affect revenues for apx. 1 = year.=20 3)  Semis not shining lately .I appreciate your = bringing it to=20 my attention and I will follow it , but I think with the = market like=20 it is there may be a better buy in opportunity closer to = when=20 company starts to grow from the new product. But I = could be=20 just as wrong as right. I got my research from T.D. = Waterhouse web=20 site.  Good Luck with it.  nancy
----- Original Message = -----
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = July 31,=20 2002 2:21 PM
Subject: Re: = [CANSLIM]=20 Tomorrow

I'm so glad to hear from = someone in=20 the thick of things that tells me that emotions,=20 rather  than  hide-bound  calculations = ,rule=20 the day in the market.  In truth, I'd rather take a = risk,=20 based on the sentiment of the marketplace together with = some=20 reasonable input, than to always hang my hat on=20 CANSLIM.   For example, early this morning =  I came=20 within a hair of buying into AYE, not because I thought it = was a=20 great investment but because, at the opening bell it was=20 paying close to %10  in dividends and  I = knew in my=20 heart that that would not last.  Rather, I thought I = could=20 easily take a %10 to %15 profit  by buying early and = selling=20 late today, since, no doubt, the brokers would be pushing = the=20 stock.  As it turned out, the ere was more that = %10 =20 invloved  However,  I found a potentially=20 more favorable,  but admittedly longer term = investment,=20 that is, LNOP. for less that its closing price. I'd rather = run a=20 risk for a %500 gain than c\to ontinuously rake in %10 = plus=20 gains.  It's all a matter of=20 perspective ------ Donald
----- Original Message = -----=20
From:=20 Fred=20 Richards
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = July 31,=20 2002 4:46 PM
Subject: RE: = [CANSLIM]=20 Tomorrow

Heck, it was just the wise guys = pushing the=20 market up at the end. Check the volume. Today was month = end and=20 they were trying to pretty up things. The = turnaround looks=20 very suspicious from my perspective particularly as = almost all=20 of the recent ones have occurred after 3 p.m. in NY = including=20 this one.
 
For me, I'll look at what the = overseas=20 markets are doing and the pre-market NASDAQ indicator = before=20 getting too excited. Further more, they were = substantially more=20 new lows than new highs for both the NYSE and the = NASDAQ.=20
 
But emotions, not facts, rule = markets even=20 among the big players.
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf = Of=20 Donald Wallker
Sent: Wednesday, July 31, = 2002=20 3:06 PM
To:=20 canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Tomorrow

"Tomorrow, tomorrow, = there's=20 always tomorrow, it's only a day away."  And =  I=20 suspect that it will be a be a Bull day tomorrow given = the=20 turn-around in todays trading.  At this writing = we are=20 not yet closed, but we are far, far up = from today's=20   earlier market weakness, which normally bodes = well for=20 tomorrow.  So-- to everyone in the Group i = bid you a=20  Happy Tomorrow! - -=20 = Donald 
------=_NextPart_000_0061_01C23948.56F3EC10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 12:10:09 -0500 Donald, Below is a list of stocks I scanned this a.m. from Investor 3000 software. http://www.Investor-3000.com/strategy.html It starts with the "C" in CANSLIM. It then digs deeper, filtering for stocks with volume at least 50k or higher and quarterly earnings growth of at least 20% over a three quarter period. http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 This software along with a good TA software would/could be the cats a** - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Larry Worden" Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 10:19:40 -0700 just thought the generic drug sector would do well with congress working on a bill to help senior's with drug costs. (shortening patents, more generic drugs) ----- Original Message ----- Sent: Thursday, August 01, 2002 8:46 AM > 1. What is there about this environment that suggests generic drugs will do > well? > 2. Mylan (MYL) and Taro (TARO) are both producers of generics, and both > show flat profits for the past three quarters. > Prior to the flat period, the profit growth was exceptional. > 3. TARO is located in Haifa, and the fighting/explosions in that area cause > me to be cautious. > 4. I believe that the "request receipt" is still turned on ( after the > second note). > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Thursday, August 01, 2002 11:20 AM > Subject: Re: [CANSLIM] canslim stocks > > > > sorry, i do not know how the, request receipt, got turned on. > > ----- Original Message ----- > > From: "Larry Worden" > > To: > > Sent: Thursday, August 01, 2002 8:04 AM > > Subject: [CANSLIM] canslim stocks > > > > > > > what about (TARO) ? the generic drugs should do will in this > environment. > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Thursday, August 01, 2002 7:51 AM > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > > > > David, zillagirl: > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of the > > chief > > > S&L that defrauded despositors was found guilty in court. But he had > > moved > > > many of his assets to Florida, and bought many more (including a horse > > > ranch)-and the Florida laws protected him. > > > > > > > > So, even though he was found guilty, he did not have to disgorge > > many > > > of his profits of his ill-gotten gains. > > > > > > > > jans > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > > > dougald@dmv.com writes: > > > > > > > > > I do not see how it is going to stop anyone from building a million > > > dollar > > > > > House. Unless,of course, something is done about Florida. As a > matter > > > of > > > > > interest, iUnder the present law if you think you are about to go > > > bankrupt > > > > > you can always move to Florida ,where your home is immune > > > > > to the Bankruptcy > > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 13:38:00 -0400 Larry: That assumes that one believes that the govt. will "DO" something. Remember: 1. the name brands spend a lot of money for influence to ....... 2. This is an election year with each side trying to make the other side look bad. ----- Original Message ----- Sent: Thursday, August 01, 2002 1:19 PM > just thought the generic drug sector would do well with congress working on > a bill to help senior's with drug costs. (shortening patents, more generic > drugs) > ----- Original Message ----- > From: "Winston Little" > To: > Sent: Thursday, August 01, 2002 8:46 AM > Subject: Re: [CANSLIM] canslim stocks > > > > 1. What is there about this environment that suggests generic drugs will > do > > well? > > 2. Mylan (MYL) and Taro (TARO) are both producers of generics, and both > > show flat profits for the past three quarters. > > Prior to the flat period, the profit growth was exceptional. > > 3. TARO is located in Haifa, and the fighting/explosions in that area > cause > > me to be cautious. > > 4. I believe that the "request receipt" is still turned on ( after the > > second note). > > > > ----- Original Message ----- > > From: "Larry Worden" > > To: > > Sent: Thursday, August 01, 2002 11:20 AM > > Subject: Re: [CANSLIM] canslim stocks > > > > > > > sorry, i do not know how the, request receipt, got turned on. > > > ----- Original Message ----- > > > From: "Larry Worden" > > > To: > > > Sent: Thursday, August 01, 2002 8:04 AM > > > Subject: [CANSLIM] canslim stocks > > > > > > > > > > what about (TARO) ? the generic drugs should do will in this > > environment. > > > > ----- Original Message ----- > > > > From: > > > > To: > > > > Sent: Thursday, August 01, 2002 7:51 AM > > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > > > > > > > David, zillagirl: > > > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of the > > > chief > > > > S&L that defrauded despositors was found guilty in court. But he had > > > moved > > > > many of his assets to Florida, and bought many more (including a horse > > > > ranch)-and the Florida laws protected him. > > > > > > > > > > So, even though he was found guilty, he did not have to > disgorge > > > many > > > > of his profits of his ill-gotten gains. > > > > > > > > > > jans > > > > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > Time, > > > > dougald@dmv.com writes: > > > > > > > > > > > I do not see how it is going to stop anyone from building a > million > > > > dollar > > > > > > House. Unless,of course, something is done about Florida. As a > > matter > > > > of > > > > > > interest, iUnder the present law if you think you are about to go > > > > bankrupt > > > > > > you can always move to Florida ,where your home is immune > > > > > > to the Bankruptcy > > > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] double dip scenario Date: 01 Aug 2002 11:52:44 -0600 This article talks about the possibility of a second recessionary period, he mentions the GDP revisions from yesterday, which didn't seem to perturb the markets very much, so far anyway. http://makeashorterlink.com/?A4D621961 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: [CANSLIM] Question Date: 01 Aug 2002 12:12:08 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0073_01C23954.A892BC20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I have a question that is somewhat off-topic. I know there are a few people on the list that are Brokers Financial Advisors and the like. Does anyone on the list have any experience with hedge funds either starting one or investing with one? Feel free to e-mail me off list. Thank You, David Taggart ------=_NextPart_000_0073_01C23954.A892BC20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I = have a question=20 that is somewhat off-topic.  I know there are a few people on the = list that=20 are Brokers Financial Advisors and the like.  Does anyone on the = list have=20 any experience with hedge funds either starting one or investing with = one? Feel=20 free to e-mail me off list.
 
Thank = You,
David = Taggart
------=_NextPart_000_0073_01C23954.A892BC20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 13:23:18 -0500 Larry, http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml Senate Passes Bill on Generic Drugs=20 NewsMax.com Wires Thursday, Aug. 1, 2002=20 WASHINGTON =96 The Senate passed a bill Wednesday = that could make cheaper generic drugs more rapidly available = and save consumers billions =96 or hamper development of pharmaceuticals.=20 A similar bill has been introduced in the House, b= ut it is unclear whether it has the support to pass. The Senate bill, sponsored by Sens. Charles Schume= r, D-N.Y., and John McCain, R-Ariz., attempts to curb lawsuits fi= led by brand-name drug manufacturers that claim a generic drug infringes upon their patent and automatically prevents the generic from coming to market for 30 months.=20 Under the current system, drug manufacturers can f= ile multiple patent infringement lawsuits, thereby keeping generics off the market for years. Meanwhile, the brand-name drug continues to be sold at a higher price. Generic versions of brand-name drugs typically result in a dramatic reduction in the pr= ice of the drug but do not advance pharmaceutical research. The Senate bill limits automatic 30-month stays to patents the brand name carries at the time it is approved. Brand-name drug manufacturers can still challenge infringement upo= n patents that are added after approval, but they must first get the approval of a judge. Republicans opposing the bill, including Sen. Judd Gregg, R-N.H., and brand-name drug companies maintained that the bill would reduce profits and the amount of money that could = be spent on research and development. Ultimately, it would sti= fle the development of innovative new drugs, they said.= =20 "The only thing they have to worry about are weak bogus patents ... that they could not support before a judge," Ben Peck, legislative representative for the self-described consumer advocacy group Public Citizen, told United Press International. Sen. Robert Torricelli, D-N.J., reprimanded Tuesda= y by the Senate Ethics Committee, said the bill could reduce drug costs by up to 65 percent and save consumers $60 billion over the ne= xt decade. Larry Worden wrote: >=20 > what about (TARO) ? the generic drugs should do will in this envir= onment. > ----- Original Message ----- > From: > To: > Sent: Thursday, August 01, 2002 7:51 AM > Subject: Re: [CANSLIM] Cramer-off topic >=20 > > David, zillagirl: > > > > I remember in the 80's during the S&L scandals, the CEO of t= he chief > S&L that defrauded despositors was found guilty in court. But he h= ad moved > many of his assets to Florida, and bought many more (including a ho= rse > ranch)-and the Florida laws protected him. > > > > So, even though he was found guilty, he did not have to disg= orge many > of his profits of his ill-gotten gains. > > > > jans > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard T= ime, > dougald@dmv.com writes: > > > > > I do not see how it is going to stop anyone from building a mil= lion > dollar > > > House. Unless,of course, something is done about Florida. As a= matter > of > > > interest, iUnder the present law if you think you are about to = go > bankrupt > > > you can always move to Florida ,where your home is immune > > > to the Bankruptcy > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: jch Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 13:46:56 -0500 --=======8A325FA======= Content-Type: multipart/alternative; x-avg-checked=avg-ok-4EFD2C30; boundary="=====================_357010914==_.ALT" --=====================_357010914==_.ALT Content-Type: text/plain; x-avg-checked=avg-ok-4EFD2C30; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit We've seen post from this person before & it's a solicitation Note quote from their web page--which is what this group is not about: "Stocks will come and go from the list. It is intended to be used to capture short-term gains of 5-10%. We always suggest using stop orders and the program default for a stop-loss is 7% under the current price. This strategy is consistant with momentum and CANSLIM methods. The program is intended for "swing-traders" who aren't afraid to move fast." John Heiman >Donald, > > Below is a list of stocks I scanned this a.m. from Investor 3000 >software. http://www.Investor-3000.com/strategy.html > >It starts with the "C" in CANSLIM. It then digs deeper, filtering for >stocks with volume at least > 50k or higher and quarterly earnings growth of at least 20% >over a three quarter period. > >http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 > >This software along with a good TA software would/could be the cats a** --=====================_357010914==_.ALT Content-Type: text/html; x-avg-checked=avg-ok-4EFD2C30; charset=us-ascii Content-Transfer-Encoding: 8bit We've seen post from this person before & it's a solicitation

Note quote from their web page--which is what this group is not about:
                              
                              "Stocks will come and go from the list. It is intended to be used to capture
                               short-term gains of 5-10%. We always suggest using stop orders and the
                               program default for a stop-loss is 7% under the current price. This strategy
                               is consistant with momentum and CANSLIM methods. The program is
                               intended for "swing-traders" who aren't afraid to move fast."
John Heiman







Donald,

      Below is a list of stocks I scanned this a.m. from Investor 3000
software. http://www.Investor-3000.com/strategy.html

It starts with the "C" in CANSLIM. It then digs deeper, filtering for
stocks with volume at least
             50k or higher and quarterly earnings growth of at least 20%
over a three quarter period.

http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1

This software along with a good TA software would/could be the cats a**
--=====================_357010914==_.ALT-- --=======8A325FA======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-4EFD2C30 Content-Disposition: inline --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.380 / Virus Database: 213 - Release Date: 7/24/2002 --=======8A325FA=======-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 14:03:59 -0400 Lois-----Thank you rof sharing some input. What a treat it is to have someone else "throw their bread on the water." If I come across anything of interest I'll surely let you know. Donald ----- Original Message ----- Sent: Thursday, August 01, 2002 1:10 PM > Donald, > > Below is a list of stocks I scanned this a.m. from Investor 3000 > software. http://www.Investor-3000.com/strategy.html > > It starts with the "C" in CANSLIM. It then digs deeper, filtering for > stocks with volume at least > 50k or higher and quarterly earnings growth of at least 20% > over a three quarter period. > > http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg +acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+ro h+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 > > This software along with a good TA software would/could be the cats a** > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 14:06:42 -0500 jch, I respond with links at all times. This is in NO way a solicitation by me. I suggest you put me on ignore if you are afraid to further your knowledge in trading. BTW: do you trade? Look at the money you've lost today! http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 jch wrote: > > We've seen post from this person before & it's a solicitation > > Note quote from their web page--which is what this group is not about: > > "Stocks will come and go from the list. > It is intended to be used to capture > short-term gains of 5-10%. We always > suggest using stop orders and the > program default for a stop-loss is 7% > under the current price. This strategy > is consistant with momentum and CANSLIM > methods. The program is > intended for "swing-traders" who aren't > afraid to move fast." > John Heiman > > > Donald, > > > > Below is a list of stocks I scanned this a.m. from Investor > > 3000 > > software. http://www.Investor-3000.com/strategy.html > > > > It starts with the "C" in CANSLIM. It then digs deeper, filtering > > for > > stocks with volume at least > > 50k or higher and quarterly earnings growth of at least > > 20% > > over a three quarter period. > > > > http://finance.yahoo.com/q?s > > oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 > > > > This software along with a good TA software would/could be the cats > > a** > > --------------------------------------------------------------- > > --- > Outgoing mail is certified Virus Free. > Checked by AVG anti-virus system (http://www.grisoft.com). > Version: 6.0.380 / Virus Database: 213 - Release Date: 7/24/2002 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 14:12:16 -0500 Donald, No problem. I'm more than willing to share ideas that will help us get the most BANG for our bucks..lol...The only person that has a problem as of yet is jch, for some reason or another he/she doesn't want to improve trading skills. Go figure. Donald Wallker wrote: > > Lois-----Thank you rof sharing some input. What a treat it is to have > someone else "throw their bread on the water." If I come across anything > of interest I'll surely let you know. Donald > ----- Original Message ----- > From: "Lois" > To: > Sent: Thursday, August 01, 2002 1:10 PM > Subject: Re: [CANSLIM] LNOP > > > Donald, > > > > Below is a list of stocks I scanned this a.m. from Investor 3000 > > software. http://www.Investor-3000.com/strategy.html > > > > It starts with the "C" in CANSLIM. It then digs deeper, filtering for > > stocks with volume at least > > 50k or higher and quarterly earnings growth of at least 20% > > over a three quarter period. > > > > > http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg > +acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+ro > h+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 > > > > This software along with a good TA software would/could be the cats a** > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 14:47:22 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_022D_01C2396A.58452BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Beware.... this is rather crude software without a data feed.... no = trial, no refund... unsuspecting friend bought it and never uses it. Gene ----- Original Message -----=20 From: Lois=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 12:10 PM Subject: Re: [CANSLIM] LNOP Donald, Below is a list of stocks I scanned this a.m. from Investor 3000 software. http://www.Investor-3000.com/strategy.html It starts with the "C" in CANSLIM. It then digs deeper, filtering for stocks with volume at least 50k or higher and quarterly earnings growth of at least = 20% over a three quarter period.=20 = http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex+rgci+aiq+str+mesa+hg= r+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcl= e+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc= &d=3Dv1 This software along with a good TA software would/could be the cats = a** - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_022D_01C2396A.58452BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Beware.... this is rather crude = software without=20 a data feed.... no trial, no refund... unsuspecting friend bought it and = never=20 uses it.
 
Gene
----- Original Message -----
From:=20 Lois
Sent: Thursday, August 01, 2002 = 12:10=20 PM
Subject: Re: [CANSLIM] = LNOP

Donald,

      Below is = a list=20 of stocks I scanned this a.m. from Investor 3000
software. http://www.Investor-3= 000.com/strategy.html

It=20 starts with the "C" in CANSLIM. It then digs deeper, filtering = for
stocks=20 with volume at=20 = least
          &nbs= p; =20 50k or higher and quarterly earnings growth of at least 20%
over a = three=20 quarter period.

http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex= +rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw= +rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+= iaai+pwn+soi+drte+cpc&d=3Dv1

This=20 software along with a good TA software would/could be the cats=20 a**

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_022D_01C2396A.58452BC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 15:09:29 -0500 Gene, I haven't had a problem with the software. I scan dly. and come up with winners. The only thing that I'm interested in is perfecting the trading system, i.e. finding the hot industry/sector of the day, timing in and out of trades with a good TA software. Why make trading any harder than has to be? And remember..... It starts with the "C" in CANSLIM. It then digs deeper, filtering for stocks with volume at least 50k or higher and >>> quarterly earnings growth of at least 20% over a three quarter period.<<< http://www.aiqsystems.com/prohome8.htm http://www.dbc.com/cgi-bin/htx.exe/dbcfiles/indindext.html? I'm not trying to be sarcastic, but, does anyone other than Donald know/use TEAMWORK??? We're all in it for the $$$. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 15:41:39 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0250_01C23971.ED4142C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lois, you say you scan daily.... what data source do you scan and what = are the parameters? If you just want a basic scanner, I suggest using the free one at MSN = Money. Your earlier message touting the software caused me to have a = flashback... when I saw it I immediately thought of Easter Sunday.... we = always had mashed potatoes, small hard-as-a-rock green peas and apple = sauce.... and of course SPAM.=20 Gene ----- Original Message -----=20 From: Lois=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 3:09 PM Subject: Re: [CANSLIM] LNOP Gene, =20 I haven't had a problem with the software. I scan dly. and come up with winners. The only thing that I'm interested in is perfecting the trading system, i.e. finding the hot industry/sector of the day, = timing in and out of trades with a good TA software. Why make trading any harder than has to be? And remember..... It starts with the "C" in CANSLIM. It then digs deeper, filtering for stocks with volume at least 50k or higher and >>> quarterly earnings growth of at least 20% over a three quarter period.<<< http://www.aiqsystems.com/prohome8.htm http://www.dbc.com/cgi-bin/htx.exe/dbcfiles/indindext.html? I'm not trying to be sarcastic, but, does anyone other than Donald know/use TEAMWORK??? We're all in it for the $$$. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0250_01C23971.ED4142C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lois, you say you scan daily.... what = data=20 source do you scan and what are the parameters?
 
If you just want a basic scanner, I = suggest=20 using the free one at MSN Money.
 
Your earlier message touting the = software caused=20 me to have a flashback... when I saw it I immediately thought of Easter=20 Sunday.... we always had mashed potatoes, small hard-as-a-rock green = peas and=20 apple sauce.... and of course SPAM.
 
Gene
 
 
----- Original Message -----
From:=20 Lois
Sent: Thursday, August 01, 2002 = 3:09=20 PM
Subject: Re: [CANSLIM] = LNOP

Gene,
   
    I = haven't=20 had a problem with the software. I scan dly. and come up
with = winners. The=20 only thing that I'm interested in is perfecting the
trading system, = i.e.=20 finding the hot industry/sector of the day, timing
in and out of = trades=20 with a good TA software. Why make trading any
harder than has to = be? And=20 remember.....

It starts with the "C" in CANSLIM. It then digs = deeper,=20 filtering for
stocks with volume at least 50k or higher and = >>>=20 quarterly earnings
growth of at least 20% over a three quarter=20 period.<<<

http://www.aiqsystems.com= /prohome8.htm
http:= //www.dbc.com/cgi-bin/htx.exe/dbcfiles/indindext.html?

I'm=20 not trying to be sarcastic, but, does anyone other than = Donald
know/use=20 TEAMWORK??? We're all in it for the $$$.

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_0250_01C23971.ED4142C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] canslim stocks Date: 01 Aug 2002 16:51:08 -0400 Please note the usual operative phrase, paragraph 2: "...but it is unclear whether it has the support to pass." This is a euphemism for, "...it's clear the winner will be the boys with the bucks (read: drug companies)." -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois Sent: Thursday, August 01, 2002 2:23 PM Larry, http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml Senate Passes Bill on Generic Drugs NewsMax.com Wires Thursday, Aug. 1, 2002 WASHINGTON - The Senate passed a bill Wednesday that could make cheaper generic drugs more rapidly available and save consumers billions - or hamper development of pharmaceuticals. A similar bill has been introduced in the House, but it is unclear whether it has the support to pass. The Senate bill, sponsored by Sens. Charles Schumer, D-N.Y., and John McCain, R-Ariz., attempts to curb lawsuits filed by brand-name drug manufacturers that claim a generic drug infringes upon their patent and automatically prevents the generic from coming to market for 30 months. Under the current system, drug manufacturers can file multiple patent infringement lawsuits, thereby keeping generics off the market for years. Meanwhile, the brand-name drug continues to be sold at a higher price. Generic versions of brand-name drugs typically result in a dramatic reduction in the price of the drug but do not advance pharmaceutical research. The Senate bill limits automatic 30-month stays to patents the brand name carries at the time it is approved. Brand-name drug manufacturers can still challenge infringement upon patents that are added after approval, but they must first get the approval of a judge. Republicans opposing the bill, including Sen. Judd Gregg, R-N.H., and brand-name drug companies maintained that the bill would reduce profits and the amount of money that could be spent on research and development. Ultimately, it would stifle the development of innovative new drugs, they said. "The only thing they have to worry about are weak bogus patents ... that they could not support before a judge," Ben Peck, legislative representative for the self-described consumer advocacy group Public Citizen, told United Press International. Sen. Robert Torricelli, D-N.J., reprimanded Tuesday by the Senate Ethics Committee, said the bill could reduce drug costs by up to 65 percent and save consumers $60 billion over the next decade. Larry Worden wrote: > > what about (TARO) ? the generic drugs should do will in this > environment. > ----- Original Message ----- > From: > To: > Sent: Thursday, August 01, 2002 7:51 AM > Subject: Re: [CANSLIM] Cramer-off topic > > > David, zillagirl: > > > > I remember in the 80's during the S&L scandals, the CEO of the > > chief > S&L that defrauded despositors was found guilty in court. But he had > moved many of his assets to Florida, and bought many more (including a > horse ranch)-and the Florida laws protected him. > > > > So, even though he was found guilty, he did not have to > > disgorge many > of his profits of his ill-gotten gains. > > > > jans > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > Time, > dougald@dmv.com writes: > > > > > I do not see how it is going to stop anyone from building a > > > million > dollar > > > House. Unless,of course, something is done about Florida. As a > > > matter > of > > > interest, iUnder the present law if you think you are about to go > bankrupt > > > you can always move to Florida ,where your home is immune to the > > > Bankruptcy Laws. For example O.J. Simpson lives in Florida > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 17:04:16 -0500 Gene, Response from Investor 3000: Hi Thanks for writing. The Investor 3000 uses a variety of data sources to scan the markets then it uses Real Time, and delayed quotes from Yahoo to see if the stocks are up from yesterdays close. There is no monthly charge for data, just the one time fee of $149.00 There is also no trial version although the software come with a 100% satisfaction guarantee. Try it as long as you like, we are confident that you will like it. It you decide its not for you, just let us know for a full refund. Does that sound fair? Thanks for your interest in the Investor 3000. Sincerely, Doug@investing-systems.com I have the parameters set as follows: Timer is set to update every 10mins.(5,10,15,20,30,60,120mins. avail.) Stop loss & target price: 5% (set these at your own discretion. Inv 3000 suggest 7%) Min. price: $1- (I know $10- is sugg., but times/mrkts. are tough) Min. vol.: 50k (50k,100k,200k,500k & 1M avail) Search level: 4day (1,2,3,4 day search level avail.) Need I remind you what the mrkts. did today vs. the Inv. 3000 scan? http://finance.yahoo.com/q?s=%5Edji+%5Eixic+%5Endx+%5Egspc+&d=v1 http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 Symbol Company Name Last Sale Stop Loss Target Price OSTE Osteotech, Inc. $8.70 $8.26 $9.13 PRGX PRG-Schultz International Inc. $11.91 $11.31 $12.51 IM INGRAM MICRO INC $12.14 $11.53 $12.75 EGN ENERGEN CORP $24.72 $23.48 $25.96 OTEX Open Text Corporation $20.75 $19.71 $21.79 RGCI Regent Communications, Inc. $6.00 $5.70 $6.30 AIQ ALLIANCE IMAGING INC $12.78 $12.14 $13.42 STR QUESTAR CORP $23.05 $21.90 $24.20 MESA Mesa Air Group, Inc. $7.35 $6.98 $7.72 HGR HANGER ORTHOPEDIC GRP INC $11.92 $11.32 $12.52 AFG AMERICAN FNCL GROUP INC $22.39 $21.27 $23.51 ACAI Atlantic Coast Airlines Holdings, Inc. $16.10 $15.30 $16.91 SYY SYSCO CORP $27.21 $25.85 $28.57 PMSI Prime Medical Services, Inc. $9.83 $9.34 $10.32 VSH VISHAY INTERTECH INC $17.43 $16.56 $18.30 AW ALLIED WASTE INDUSTRIES I $7.34 $6.97 $7.71 PDX PEDIATRIX MEDICAL GRP INC $30.15 $28.64 $31.66 CVS CVS Corporation $28.62 $27.19 $30.05 TSAI Transaction Systems Architects , Inc. $9.64 $9.16 $10.12 EPN EL PASO ENERGY $33.09 $31.44 $34.74 WFHC Women First HealthCare, Inc. $5.26 $5.00 $5.52 ARW ARROW ELECTRONICS INC $17.09 $16.24 $17.94 RAH RALCORP HOLDINGS INC $25.30 $24.03 $26.56 ELMG EMS Technologies, Inc. $19.57 $18.59 $20.55 SAH SONIC AUTOMOTIVE INC $20.02 $19.02 $21.02 BSG B I S Y S GROUP INC $23.69 $22.51 $24.87 PCLE Pinnacle Systems, Inc. $9.51 $9.03 $9.99 CBR CIBER INC $5.76 $5.47 $6.05 ROH Rohm and Haas Co $37.51 $35.63 $39.39 SKYW SkyWest, Inc. $19.56 $18.58 $20.54 ENDP Endo Pharmaceuticals Holdings Inc. $8.58 $8.15 $9.01 HYSL Hyperion Solutions Corporation $21.79 $20.70 $22.88 WDC WESTERN DIGITAL CORP $4.49 $4.27 $4.71 WLM WELLMAN INC $14.60 $13.87 $15.33 MNTR Mentor Corporation $32.60 $30.97 $34.23 FTEK Fuel-Tech, N.V. $5.70 $5.41 $5.98 RADS Radiant Systems, Inc. $7.91 $7.51 $8.31 MRD MACDERMID INC $20.18 $19.17 $21.19 IAAI Insurance Auto Auctions, Inc. $19.00 $18.05 $19.95 PWN CASH AMERICA INTL INC $8.19 $7.78 $8.60 SOI SOLUTIA INC $6.48 $6.16 $6.80 DRTE Dendrite International, Inc. $5.69 $5.41 $5.97 CPC CENTRAL PARKING CORP $21.14 $20.08 $22.20 Now, if I could find someone that can follow industry strength, time ins and outs and apply this scan....BINGO!!! p.s...I don't like SPAM either....lol - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 17:17:22 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0017_01C2397F.4C6D0C40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lois, how does your set of parameters 'tell' you that the list is made = up of all stocks that meet CANSLIM criteria? Gene=20 ----- Original Message -----=20 From: Lois=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 5:04 PM Subject: Re: [CANSLIM] LNOP Gene, Response from Investor 3000: Hi Thanks for writing. The Investor 3000 uses a variety of data sources to scan the markets then it uses Real Time, and delayed quotes from Yahoo to see if the stocks are up from yesterdays close. There is no monthly charge for data, just the one time fee of $149.00 There is also no trial version although the software come with a 100% satisfaction guarantee. Try it as long as you like, we are confident that you will like it. It you decide its not for you, just let us know for a full refund. Does that sound fair? Thanks for your interest in the Investor 3000. Sincerely, Doug@investing-systems.com I have the parameters set as follows: Timer is set to update every 10mins.(5,10,15,20,30,60,120mins. avail.) Stop loss & target price: 5% (set these at your own discretion. Inv = 3000 suggest 7%) Min. price: $1- (I know $10- is sugg., but times/mrkts. are tough) Min. vol.: 50k (50k,100k,200k,500k & 1M avail) Search level: 4day (1,2,3,4 day search level avail.) Need I remind you what the mrkts. did today vs. the Inv. 3000 scan? http://finance.yahoo.com/q?s=3D%5Edji+%5Eixic+%5Endx+%5Egspc+&d=3Dv1 = http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex+rgci+aiq+str+mesa+hg= r+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcl= e+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc= &d=3Dv1 Symbol Company Name Last Sale Stop Loss Target Price=20 OSTE Osteotech, Inc. $8.70 $8.26 $9.13=20 PRGX PRG-Schultz International Inc. $11.91 $11.31 $12.51=20 IM INGRAM MICRO INC $12.14 $11.53 $12.75=20 EGN ENERGEN CORP $24.72 $23.48 $25.96=20 OTEX Open Text Corporation $20.75 $19.71 $21.79=20 RGCI Regent Communications, Inc. $6.00 $5.70 $6.30=20 AIQ ALLIANCE IMAGING INC $12.78 $12.14 $13.42=20 STR QUESTAR CORP $23.05 $21.90 $24.20=20 MESA Mesa Air Group, Inc. $7.35 $6.98 $7.72=20 HGR HANGER ORTHOPEDIC GRP INC $11.92 $11.32 $12.52=20 AFG AMERICAN FNCL GROUP INC $22.39 $21.27 $23.51=20 ACAI Atlantic Coast Airlines Holdings, Inc. $16.10 $15.30 $16.91=20 SYY SYSCO CORP $27.21 $25.85 $28.57=20 PMSI Prime Medical Services, Inc. $9.83 $9.34 $10.32=20 VSH VISHAY INTERTECH INC $17.43 $16.56 $18.30=20 AW ALLIED WASTE INDUSTRIES I $7.34 $6.97 $7.71=20 PDX PEDIATRIX MEDICAL GRP INC $30.15 $28.64 $31.66=20 CVS CVS Corporation $28.62 $27.19 $30.05=20 TSAI Transaction Systems Architects , Inc. $9.64 $9.16 $10.12=20 EPN EL PASO ENERGY $33.09 $31.44 $34.74=20 WFHC Women First HealthCare, Inc. $5.26 $5.00 $5.52=20 ARW ARROW ELECTRONICS INC $17.09 $16.24 $17.94=20 RAH RALCORP HOLDINGS INC $25.30 $24.03 $26.56=20 ELMG EMS Technologies, Inc. $19.57 $18.59 $20.55=20 SAH SONIC AUTOMOTIVE INC $20.02 $19.02 $21.02=20 BSG B I S Y S GROUP INC $23.69 $22.51 $24.87=20 PCLE Pinnacle Systems, Inc. $9.51 $9.03 $9.99=20 CBR CIBER INC $5.76 $5.47 $6.05=20 ROH Rohm and Haas Co $37.51 $35.63 $39.39=20 SKYW SkyWest, Inc. $19.56 $18.58 $20.54=20 ENDP Endo Pharmaceuticals Holdings Inc. $8.58 $8.15 $9.01=20 HYSL Hyperion Solutions Corporation $21.79 $20.70 $22.88=20 WDC WESTERN DIGITAL CORP $4.49 $4.27 $4.71=20 WLM WELLMAN INC $14.60 $13.87 $15.33=20 MNTR Mentor Corporation $32.60 $30.97 $34.23=20 FTEK Fuel-Tech, N.V. $5.70 $5.41 $5.98=20 RADS Radiant Systems, Inc. $7.91 $7.51 $8.31=20 MRD MACDERMID INC $20.18 $19.17 $21.19=20 IAAI Insurance Auto Auctions, Inc. $19.00 $18.05 $19.95=20 PWN CASH AMERICA INTL INC $8.19 $7.78 $8.60=20 SOI SOLUTIA INC $6.48 $6.16 $6.80=20 DRTE Dendrite International, Inc. $5.69 $5.41 $5.97=20 CPC CENTRAL PARKING CORP $21.14 $20.08 $22.20=20 Now, if I could find someone that can follow industry strength, time = ins and outs and apply this scan....BINGO!!! p.s...I don't like SPAM either....lol - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0017_01C2397F.4C6D0C40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lois, how does your set of parameters = 'tell' you=20 that the list is made up of all stocks that meet CANSLIM = criteria?
 
Gene 
----- Original Message -----
From:=20 Lois
Sent: Thursday, August 01, 2002 = 5:04=20 PM
Subject: Re: [CANSLIM] = LNOP

Gene,

    Response from Investor=20 3000:

Hi Thanks for writing.

The Investor 3000 uses a = variety of=20 data sources to scan the markets
then it uses Real Time,
and = delayed=20 quotes from Yahoo to see if the stocks are up from
yesterdays=20 close.

There is no monthly charge for data, just the one time = fee of=20 $149.00

There is also no trial version although the software = come with=20 a 100%
satisfaction guarantee.

Try it as long as you like, = we are=20 confident that you will like it. It
you decide its not for
you, = just let=20 us know for a full refund. Does that sound fair?

Thanks for = your=20 interest in the Investor 3000.

Sincerely,
Doug@investing-systems.com=

I=20 have the parameters set as follows:

Timer is set to update = every=20 10mins.(5,10,15,20,30,60,120mins. avail.)
Stop loss & target = price: 5%=20 (set these at your own discretion. Inv 3000
suggest 7%)
Min. = price: $1-=20 (I know $10- is sugg., but times/mrkts. are tough)
Min. vol.: 50k=20 (50k,100k,200k,500k & 1M avail)
Search level: 4day (1,2,3,4 day = search=20 level avail.)

Need I remind you what the mrkts. did today vs. = the Inv.=20 3000 scan?
http://finance.yahoo.com/q?s=3D%5Edji+%5Eixic+%5Endx+%5Egspc+&am= p;d=3Dv1

http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex= +rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw= +rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+= iaai+pwn+soi+drte+cpc&d=3Dv1


 =20 Symbol Company Name Last Sale Stop Loss Target Price
  OSTE=20 Osteotech, Inc. $8.70 $8.26 $9.13
  PRGX PRG-Schultz = International=20 Inc. $11.91 $11.31 $12.51
  IM INGRAM MICRO INC $12.14 $11.53 = $12.75=20
  EGN ENERGEN CORP $24.72 $23.48 $25.96
  OTEX Open = Text=20 Corporation $20.75 $19.71 $21.79
  RGCI Regent = Communications, Inc.=20 $6.00 $5.70 $6.30
  AIQ ALLIANCE IMAGING INC $12.78 $12.14 = $13.42=20
  STR QUESTAR CORP $23.05 $21.90 $24.20
  MESA Mesa = Air=20 Group, Inc. $7.35 $6.98 $7.72
  HGR HANGER ORTHOPEDIC GRP INC = $11.92=20 $11.32 $12.52
  AFG AMERICAN FNCL GROUP INC $22.39 $21.27 = $23.51=20
  ACAI Atlantic Coast Airlines Holdings, Inc. $16.10 $15.30 = $16.91=20
  SYY SYSCO CORP $27.21 $25.85 $28.57
  PMSI Prime = Medical=20 Services, Inc. $9.83 $9.34 $10.32
  VSH VISHAY INTERTECH INC = $17.43=20 $16.56 $18.30
  AW ALLIED WASTE INDUSTRIES I $7.34 $6.97 = $7.71=20
  PDX PEDIATRIX MEDICAL GRP INC $30.15 $28.64 $31.66 =
  CVS=20 CVS Corporation $28.62 $27.19 $30.05
  TSAI Transaction = Systems=20 Architects , Inc. $9.64 $9.16 $10.12
  EPN EL PASO ENERGY = $33.09=20 $31.44 $34.74
  WFHC Women First HealthCare, Inc. $5.26 $5.00 = $5.52=20
  ARW ARROW ELECTRONICS INC $17.09 $16.24 $17.94
  = RAH=20 RALCORP HOLDINGS INC $25.30 $24.03 $26.56
  ELMG EMS = Technologies,=20 Inc. $19.57 $18.59 $20.55
  SAH SONIC AUTOMOTIVE INC $20.02 = $19.02=20 $21.02
  BSG B I S Y S GROUP INC $23.69 $22.51 $24.87 =
  PCLE=20 Pinnacle Systems, Inc. $9.51 $9.03 $9.99
  CBR CIBER INC = $5.76 $5.47=20 $6.05
  ROH Rohm and Haas Co $37.51 $35.63 $39.39
  = SKYW=20 SkyWest, Inc. $19.56 $18.58 $20.54
  ENDP Endo = Pharmaceuticals=20 Holdings Inc. $8.58 $8.15 $9.01
  HYSL Hyperion Solutions = Corporation=20 $21.79 $20.70 $22.88
  WDC WESTERN DIGITAL CORP $4.49 $4.27 = $4.71=20
  WLM WELLMAN INC $14.60 $13.87 $15.33
  MNTR Mentor = Corporation $32.60 $30.97 $34.23
  FTEK Fuel-Tech, N.V. $5.70 = $5.41=20 $5.98
  RADS Radiant Systems, Inc. $7.91 $7.51 $8.31 =
  MRD=20 MACDERMID INC $20.18 $19.17 $21.19
  IAAI Insurance Auto = Auctions,=20 Inc. $19.00 $18.05 $19.95
  PWN CASH AMERICA INTL INC $8.19 = $7.78=20 $8.60
  SOI SOLUTIA INC $6.48 $6.16 $6.80
  DRTE = Dendrite=20 International, Inc. $5.69 $5.41 $5.97
  CPC CENTRAL PARKING = CORP=20 $21.14 $20.08 $22.20

Now, if I could find someone that can = follow=20 industry strength, time ins
and outs and apply this=20 scan....BINGO!!!

p.s...I don't like SPAM = either....lol

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_0017_01C2397F.4C6D0C40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Subject: Re: [CANSLIM] Moving Averages Date: 01 Aug 2002 23:36:42 +0100 This is a multi-part message in MIME format. ------=_NextPart_000_00DE_01C239B4.4AA8D3F0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00DF_01C239B4.4AAA5A90" ------=_NextPart_001_00DF_01C239B4.4AAA5A90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageI am looking at something called Volume Adjusted Moving Average = in conjunction with CandleVolume Charts, because of the importance of = volume in conjunction with price as signals. I have not got a web link = for this, but here is a snip from the Metastock Help file: Dick Arms, well-known as the developer of the Arms Index and the = equivolume charting method (see Equivolume), has developed a unique = method for calculating moving averages. In keeping with his prior work, = the calculation method incorporates volume and is appropriately called a = volume adjusted moving average . The calculation for a volume adjusted moving average is somewhat = complex; however, it is conceptually easy to understand. All moving = averages (even volume adjusted) use some type of weighting scheme to = "average" the data. Exponential and weighted moving averages assign the = majority of weight to the most recent data. Simple moving averages = assign the weight equally across all data. Variable moving averages = assign the majority of the weight to the most volatile data. And as its = name implies, volume adjusted moving averages assign the majority of = weight to the day's with the most volume. A volume adjusted moving average is calculated as follows: 1. Calculate the average volume using every time period in the chart. 2. Calculate the volume increment by multiplying the average volume by = 0.67. 3. Calculate each period's volume ratio by dividing each period's actual = volume by the volume increment. 4. Starting at the most recent time period and working backwards, = multiply each period's price by the period's volume ratio and = cumulatively sum these values until the user-specified number of volume = increments is reached. Note that only a fraction of the last period's = volume will likely be used. rgds Victor Chang ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 30, 2002 11:36 PM Subject: Re: [CANSLIM] Moving Averages Hi Duke, I'll add to Gene's reference with: = http://stockcharts.com/education/What/IndicatorAnalysis/indic_movingAvg.h= tml Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 30, 2002 5:23 PM Subject: Re: [CANSLIM] Moving Averages Simple Moving Average - SMA http://www.investopedia.com/terms/s/sma.asp =20 Exponential Moving Average - EMA http://www.investopedia.com/terms/e/ema.asp=20 I use DMA as follows 50 day MA (simple) Gene=20 ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Tuesday, July 30, 2002 5:08 PM Subject: [CANSLIM] Moving Averages Can somebody please explain to me the difference between EMA and = DMA on moving averages? Duke This email, including any attachments, was scanned by Norton = Anti-Virus prior to being sent.=20 ------=_NextPart_001_00DF_01C239B4.4AAA5A90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
I am looking at something called Volume Adjusted = Moving=20 Average in conjunction with CandleVolume Charts, because of the = importance of=20 volume in conjunction with price as signals.  I have not got a = web=20 link for this, but here is a snip from the Metastock Help = file:
 
<SNIP>
Dick Arms, well-known as the developer of the Arms = Index and=20 the equivolume charting method (see Equivolume), has developed a unique = method=20 for calculating moving averages.  In keeping with his prior work, = the=20 calculation method incorporates volume and is appropriately called a = volume=20 adjusted moving average .
The calculation for a volume adjusted = moving=20 average is somewhat complex; however, it is conceptually easy to=20 understand.  All moving averages (even volume adjusted) use some = type of=20 weighting scheme to "average" the data.  Exponential and weighted = moving=20 averages assign the majority of weight to the most recent data.  = Simple=20 moving averages assign the weight equally across all data.  = Variable moving=20 averages assign the majority of the weight to the most volatile = data.  And=20 as its name implies, volume adjusted moving averages assign the majority = of=20 weight to the day's with the most volume.
 
A volume adjusted moving average is calculated as=20 follows:
 
1. Calculate the average volume using every = time period=20 in the chart.
2. Calculate the volume increment by multiplying = the=20 average volume by 0.67.
3. Calculate each period's volume ratio = by=20 dividing each period's actual volume by the volume=20 increment.
4. Starting at the most recent time period and = working=20 backwards, multiply each period's price by the period's volume ratio and = cumulatively sum these values until the user-specified number of volume=20 increments is reached.  Note that only a fraction of the last = period's=20 volume will likely be used.
<SNIP>
 
rgds
 
Victor Chang
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Tuesday, July 30, 2002 = 11:36=20 PM
Subject: Re: [CANSLIM] Moving=20 Averages

Hi Duke,
 
I'll add to Gene's reference with:
 
http://stockcharts.com/education/What/IndicatorAnalysis/indi= c_movingAvg.html
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Tuesday, July 30, 2002 = 5:23=20 PM
Subject: Re: [CANSLIM] Moving = Averages

<= /TR>
Simple Moving Average -=20 SMA
http://www.investopedia.com/terms/s/sma.asp
Exponential Moving=20 Average - EMA
http://www.investope= dia.com/terms/e/ema.asp
 
I use DMA as follows 50 day MA (simple)
 
Gene 
 
----- Original Message ----- =
From:=20 Duke Miller
To: CANSLIM
Sent: Tuesday, July 30, = 2002 5:08=20 PM
Subject: [CANSLIM] Moving=20 Averages

Can = somebody please=20 explain to me the difference between EMA and DMA on moving=20 averages?
 
Duke
 

This email, including any attachments, was scanned = by Norton=20 Anti-Virus prior to being sent.

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=
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 18:00:32 -0500 Duke, I agree that money talks. I resigned from the nursing profession 9 yrs. ago. The majority of the patients were medicaid/medicare dependant(your tax dollars) which in turn means that generic drugs would be used over brand name drugs. Below you will find a LINK(lol) that will project the baby boomers coming of age. This clearly means that the healthcare/pharms/orthopedic co's will be booming also. http://www.census.gov/prod/2/pop/p25/p25-1131.pdf http://www.biospace.com/ I can go a little deeper with info re gov. officials that had/have their fingers stuck in the pie, but don't know if I should here, so I won't. Duke Miller wrote: > > Please note the usual operative phrase, paragraph 2: "...but it is > unclear whether it has the support to pass." This is a euphemism for, > "...it's clear the winner will be the boys with the bucks (read: drug > companies)." > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > Sent: Thursday, August 01, 2002 2:23 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] canslim stocks > > Larry, http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml > > Senate Passes Bill on Generic Drugs > > NewsMax.com Wires > Thursday, Aug. 1, 2002 > > WASHINGTON - The Senate passed a bill Wednesday that > could > make cheaper generic drugs more rapidly available and > save > consumers billions - or hamper development of > pharmaceuticals. > > A similar bill has been introduced in the House, but > it is unclear > whether it has the support to pass. > > The Senate bill, sponsored by Sens. Charles Schumer, > D-N.Y., and > John McCain, R-Ariz., attempts to curb lawsuits filed > by > brand-name drug manufacturers that claim a generic > drug infringes > upon their patent and automatically prevents the > generic from > coming to market for 30 months. > > Under the current system, drug manufacturers can file > multiple > patent infringement lawsuits, thereby keeping > generics off the > market for years. Meanwhile, the brand-name drug > continues to be > sold at a higher price. Generic versions of > brand-name drugs > typically result in a dramatic reduction in the price > of the drug but do > not advance pharmaceutical research. > > The Senate bill limits automatic 30-month stays to > patents the > brand name carries at the time it is approved. > Brand-name drug > manufacturers can still challenge infringement upon > patents that are > added after approval, but they must first get the > approval of a > judge. > > Republicans opposing the bill, including Sen. Judd > Gregg, R-N.H., > and brand-name drug companies maintained that the > bill would > reduce profits and the amount of money that could be > spent on > research and development. Ultimately, it would stifle > the > development of innovative new drugs, they said. > > "The only thing they have to worry about are weak > bogus patents ... > that they could not support before a judge," Ben > Peck, legislative > representative for the self-described consumer > advocacy group > Public Citizen, told United Press International. > > Sen. Robert Torricelli, D-N.J., reprimanded Tuesday > by the Senate > Ethics Committee, said the bill could reduce drug > costs by up to 65 > percent and save consumers $60 billion over the next > decade. > > Larry Worden wrote: > > > > what about (TARO) ? the generic drugs should do will in this > > environment. > > ----- Original Message ----- > > From: > > To: > > Sent: Thursday, August 01, 2002 7:51 AM > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > David, zillagirl: > > > > > > I remember in the 80's during the S&L scandals, the CEO of the > > > chief > > S&L that defrauded despositors was found guilty in court. But he had > > moved many of his assets to Florida, and bought many more (including a > > > horse ranch)-and the Florida laws protected him. > > > > > > So, even though he was found guilty, he did not have to > > > disgorge many > > of his profits of his ill-gotten gains. > > > > > > jans > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > > Time, > > dougald@dmv.com writes: > > > > > > > I do not see how it is going to stop anyone from building a > > > > million > > dollar > > > > House. Unless,of course, something is done about Florida. As a > > > > matter > > of > > > > interest, iUnder the present law if you think you are about to go > > bankrupt > > > > you can always move to Florida ,where your home is immune to the > > > > Bankruptcy Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > > > not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Sometimes even the Pros don't know Date: 01 Aug 2002 18:24:11 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_002A_01C23988.A234CCE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi All, Got a real kick out of this comment from Tim Truebenbach, a real pro and = contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The stock has = stellar fundamentals, but to this day, no one I have spoken with -- from = fellow investors to people at IBD -- have been able to describe what = kind of base it has produced. It has broken out of this "unknown" base = and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_002A_01C23988.A234CCE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, a real = pro and=20 contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar fundamentals, = but to=20 this day, no one I have spoken with -- from fellow investors to people = at=20 IBD -- have been able to describe what kind of base it has = produced. It=20 has broken out of this "unknown" base and continues to push higher for = the time=20 being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

 

------=_NextPart_000_002A_01C23988.A234CCE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Sometimes even the Pros don't know Date: 01 Aug 2002 15:35:32 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_000E_01C23971.124CB5A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I think we should call it the "Katherine Curve". If Katherine can define the parameters, I'll write the algorithm to recognize it. Mike -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Thursday, August 01, 2002 1:24 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a real pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The stock has stellar fundamentals, but to this day, no one I have spoken with -- from fellow investors to people at IBD -- have been able to describe what kind of base it has produced. It has broken out of this "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg Katherine ------=_NextPart_000_000E_01C23971.124CB5A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I=20 think we should call it the "Katherine Curve". If Katherine can define = the=20 parameters, I'll write the algorithm to recognize = it.
 
Mike
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Thursday, August 01, 2002 1:24 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Sometimes even = the=20 Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, a real = pro and=20 contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar fundamentals, = but to=20 this day, no one I have spoken with -- from fellow investors to people = at=20 IBD -- have been able to describe what kind of base it has = produced. It=20 has broken out of this "unknown" base and continues to push higher for = the=20 time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

 

------=_NextPart_000_000E_01C23971.124CB5A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] canslim stocks Date: 01 Aug 2002 22:08:18 -0400 Thank you, Lois, for the point about boomers coming of age. I found the sites you included most interesting. You hit my hot button, because, as you may know, I'm working on my "Boomer Babies" (companies that will appeal to boomers) that will in time make me rich! It's all based on the fact that, from the get-go, boomers will change things. As a "leading edge" boomer (my wife, four years my junior, insists I use that term) I'm testimony to that, because they've made my life very comfortable. Now, boomers are getting older (I know they hate to admit it), and who do you think is going to benefit most? You got it: older people, aka geriatric boomers. And what do older people need most? Drugs, medical care, places to retire, travel to take, not to mention places to be buried! And dare I omit sex? Do you think we'd have Viagra (the greatest legalized drug of all time, according to Hugh Hefner)if it weren't for the boomers? Now, who will soon be the biggest, best organized lobby (if it isn't already) in the world? AARP bay-beeeeeeee! (Darn, Austin Powers keeps slipping in). So I read my AARP Bulletin (they start sending it to you at age 50) regularly, looking for CANSLIM candidates (lest we get off topic!). The question is will AARP ever outweigh Pfizer, et al, in Congress? Hard to say, but there are an awful lot of votes in that there pipeline! Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois Sent: Thursday, August 01, 2002 7:01 PM Duke, I agree that money talks. I resigned from the nursing profession 9 yrs. ago. The majority of the patients were medicaid/medicare dependant(your tax dollars) which in turn means that generic drugs would be used over brand name drugs. Below you will find a LINK(lol) that will project the baby boomers coming of age. This clearly means that the healthcare/pharms/orthopedic co's will be booming also. http://www.census.gov/prod/2/pop/p25/p25-1131.pdf http://www.biospace.com/ I can go a little deeper with info re gov. officials that had/have their fingers stuck in the pie, but don't know if I should here, so I won't. Duke Miller wrote: > > Please note the usual operative phrase, paragraph 2: "...but it is > unclear whether it has the support to pass." This is a euphemism for, > "...it's clear the winner will be the boys with the bucks (read: drug > companies)." > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > Sent: Thursday, August 01, 2002 2:23 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] canslim stocks > > Larry, http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml > > Senate Passes Bill on Generic Drugs > > NewsMax.com Wires > Thursday, Aug. 1, 2002 > > WASHINGTON - The Senate passed a bill Wednesday > that could > make cheaper generic drugs more rapidly available > and save > consumers billions - or hamper development of > pharmaceuticals. > > A similar bill has been introduced in the House, > but it is unclear > whether it has the support to pass. > > The Senate bill, sponsored by Sens. Charles > Schumer, D-N.Y., and > John McCain, R-Ariz., attempts to curb lawsuits > filed by > brand-name drug manufacturers that claim a generic > drug infringes > upon their patent and automatically prevents the > generic from > coming to market for 30 months. > > Under the current system, drug manufacturers can > file multiple > patent infringement lawsuits, thereby keeping > generics off the > market for years. Meanwhile, the brand-name drug > continues to be > sold at a higher price. Generic versions of > brand-name drugs > typically result in a dramatic reduction in the > price of the drug but do > not advance pharmaceutical research. > > The Senate bill limits automatic 30-month stays to > patents the > brand name carries at the time it is approved. > Brand-name drug > manufacturers can still challenge infringement upon > patents that are > added after approval, but they must first get the > approval of a > judge. > > Republicans opposing the bill, including Sen. Judd > Gregg, R-N.H., > and brand-name drug companies maintained that the > bill would > reduce profits and the amount of money that could > be spent on > research and development. Ultimately, it would > stifle the > development of innovative new drugs, they said. > > "The only thing they have to worry about are weak > bogus patents ... > that they could not support before a judge," Ben > Peck, legislative > representative for the self-described consumer > advocacy group > Public Citizen, told United Press International. > > Sen. Robert Torricelli, D-N.J., reprimanded Tuesday > by the Senate > Ethics Committee, said the bill could reduce drug > costs by up to 65 > percent and save consumers $60 billion over the > next decade. > > Larry Worden wrote: > > > > what about (TARO) ? the generic drugs should do will in this > > environment. > > ----- Original Message ----- > > From: > > To: > > Sent: Thursday, August 01, 2002 7:51 AM > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > David, zillagirl: > > > > > > I remember in the 80's during the S&L scandals, the CEO of > > > the chief > > S&L that defrauded despositors was found guilty in court. But he > > had moved many of his assets to Florida, and bought many more > > (including a > > > horse ranch)-and the Florida laws protected him. > > > > > > So, even though he was found guilty, he did not have to > > > disgorge many > > of his profits of his ill-gotten gains. > > > > > > jans > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > > Time, > > dougald@dmv.com writes: > > > > > > > I do not see how it is going to stop anyone from building a > > > > million > > dollar > > > > House. Unless,of course, something is done about Florida. As a > > > > matter > > of > > > > interest, iUnder the present law if you think you are about to > > > > go > > bankrupt > > > > you can always move to Florida ,where your home is immune to > > > > the Bankruptcy Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or -"unsubscribe canslim". > > > Do > > > > not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Matt & Alicia Leverette" Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 21:11:11 -0500 I work for the State of Alabama and our insurance provider has just recently implemented a policy that all prescriptions must be filled using a generic if one is available. I am not sure how many other providers have this same policy. Matt Leverette ----- Original Message ----- Sent: Thursday, August 01, 2002 12:38 PM > Larry: > That assumes that one believes that the govt. will "DO" something. > > Remember: > 1. the name brands spend a lot of money for influence to ....... > > 2. This is an election year with each side trying to make the other side > look bad. > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Thursday, August 01, 2002 1:19 PM > Subject: Re: [CANSLIM] canslim stocks > > > > just thought the generic drug sector would do well with congress working > on > > a bill to help senior's with drug costs. (shortening patents, more generic > > drugs) > > ----- Original Message ----- > > From: "Winston Little" > > To: > > Sent: Thursday, August 01, 2002 8:46 AM > > Subject: Re: [CANSLIM] canslim stocks > > > > > > > 1. What is there about this environment that suggests generic drugs will > > do > > > well? > > > 2. Mylan (MYL) and Taro (TARO) are both producers of generics, and both > > > show flat profits for the past three quarters. > > > Prior to the flat period, the profit growth was exceptional. > > > 3. TARO is located in Haifa, and the fighting/explosions in that area > > cause > > > me to be cautious. > > > 4. I believe that the "request receipt" is still turned on ( after the > > > second note). > > > > > > ----- Original Message ----- > > > From: "Larry Worden" > > > To: > > > Sent: Thursday, August 01, 2002 11:20 AM > > > Subject: Re: [CANSLIM] canslim stocks > > > > > > > > > > sorry, i do not know how the, request receipt, got turned on. > > > > ----- Original Message ----- > > > > From: "Larry Worden" > > > > To: > > > > Sent: Thursday, August 01, 2002 8:04 AM > > > > Subject: [CANSLIM] canslim stocks > > > > > > > > > > > > > what about (TARO) ? the generic drugs should do will in this > > > environment. > > > > > ----- Original Message ----- > > > > > From: > > > > > To: > > > > > Sent: Thursday, August 01, 2002 7:51 AM > > > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > > > > > > > > > > David, zillagirl: > > > > > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of > the > > > > chief > > > > > S&L that defrauded despositors was found guilty in court. But he > had > > > > moved > > > > > many of his assets to Florida, and bought many more (including a > horse > > > > > ranch)-and the Florida laws protected him. > > > > > > > > > > > > So, even though he was found guilty, he did not have to > > disgorge > > > > many > > > > > of his profits of his ill-gotten gains. > > > > > > > > > > > > jans > > > > > > > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > Time, > > > > > dougald@dmv.com writes: > > > > > > > > > > > > > I do not see how it is going to stop anyone from building a > > million > > > > > dollar > > > > > > > House. Unless,of course, something is done about Florida. As a > > > matter > > > > > of > > > > > > > interest, iUnder the present law if you think you are about to > go > > > > > bankrupt > > > > > > > you can always move to Florida ,where your home is immune > > > > > > > to the Bankruptcy > > > > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > > > > > > > > > - > > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > > -In the email body, write "subscribe canslim" or > > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 22:23:59 -0400 Duke: It appears that the big bucks may be winning. The headline story of the Detroit News of 01 August proclaimed: "Senators give up on drug plan." The link is: http://www.detnews.com/2002/politics/0208/01/a01-551287.htm ----- Original Message ----- Sent: Thursday, August 01, 2002 10:08 PM > Thank you, Lois, > > for the point about boomers coming of age. I found the sites you > included most interesting. > > You hit my hot button, because, as you may know, I'm working on my > "Boomer Babies" (companies that will appeal to boomers) that will in > time make me rich! It's all based on the fact that, from the get-go, > boomers will change things. As a "leading edge" boomer (my wife, four > years my junior, insists I use that term) I'm testimony to that, because > they've made my life very comfortable. > > Now, boomers are getting older (I know they hate to admit it), and who > do you think is going to benefit most? You got it: older people, aka > geriatric boomers. And what do older people need most? Drugs, medical > care, places to retire, travel to take, not to mention places to be > buried! And dare I omit sex? Do you think we'd have Viagra (the > greatest legalized drug of all time, according to Hugh Hefner)if it > weren't for the boomers? > > Now, who will soon be the biggest, best organized lobby (if it isn't > already) in the world? AARP bay-beeeeeeee! (Darn, Austin Powers keeps > slipping in). So I read my AARP Bulletin (they start sending it to you > at age 50) regularly, looking for CANSLIM candidates (lest we get off > topic!). The question is will AARP ever outweigh Pfizer, et al, in > Congress? Hard to say, but there are an awful lot of votes in that there > pipeline! > > Duke > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > Sent: Thursday, August 01, 2002 7:01 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] canslim stocks > > > Duke, > > I agree that money talks. > > I resigned from the nursing profession 9 yrs. ago. The majority of the > patients were medicaid/medicare dependant(your tax dollars) which in > turn means that generic drugs would be used over brand name drugs. Below > you will find a LINK(lol) that will project the baby boomers coming of > age. This clearly means that the healthcare/pharms/orthopedic co's will > be booming also. http://www.census.gov/prod/2/pop/p25/p25-1131.pdf > http://www.biospace.com/ > > I can go a little deeper with info re gov. officials that had/have their > fingers stuck in the pie, but don't know if I should here, so I won't. > > > > Duke Miller wrote: > > > > Please note the usual operative phrase, paragraph 2: "...but it is > > unclear whether it has the support to pass." This is a euphemism for, > > > "...it's clear the winner will be the boys with the bucks (read: drug > > companies)." > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > > Sent: Thursday, August 01, 2002 2:23 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] canslim stocks > > > > Larry, http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml > > > > Senate Passes Bill on Generic Drugs > > > > NewsMax.com Wires > > Thursday, Aug. 1, 2002 > > > > WASHINGTON - The Senate passed a bill Wednesday > > that could > > make cheaper generic drugs more rapidly available > > and save > > consumers billions - or hamper development of > > pharmaceuticals. > > > > A similar bill has been introduced in the House, > > but it is unclear > > whether it has the support to pass. > > > > The Senate bill, sponsored by Sens. Charles > > Schumer, D-N.Y., and > > John McCain, R-Ariz., attempts to curb lawsuits > > filed by > > brand-name drug manufacturers that claim a generic > > drug infringes > > upon their patent and automatically prevents the > > generic from > > coming to market for 30 months. > > > > Under the current system, drug manufacturers can > > file multiple > > patent infringement lawsuits, thereby keeping > > generics off the > > market for years. Meanwhile, the brand-name drug > > continues to be > > sold at a higher price. Generic versions of > > brand-name drugs > > typically result in a dramatic reduction in the > > price of the drug but do > > not advance pharmaceutical research. > > > > The Senate bill limits automatic 30-month stays to > > patents the > > brand name carries at the time it is approved. > > Brand-name drug > > manufacturers can still challenge infringement upon > > > patents that are > > added after approval, but they must first get the > > approval of a > > judge. > > > > Republicans opposing the bill, including Sen. Judd > > Gregg, R-N.H., > > and brand-name drug companies maintained that the > > bill would > > reduce profits and the amount of money that could > > be spent on > > research and development. Ultimately, it would > > stifle the > > development of innovative new drugs, they said. > > > > "The only thing they have to worry about are weak > > bogus patents ... > > that they could not support before a judge," Ben > > Peck, legislative > > representative for the self-described consumer > > advocacy group > > Public Citizen, told United Press International. > > > > Sen. Robert Torricelli, D-N.J., reprimanded Tuesday > > > by the Senate > > Ethics Committee, said the bill could reduce drug > > costs by up to 65 > > percent and save consumers $60 billion over the > > next decade. > > > > Larry Worden wrote: > > > > > > what about (TARO) ? the generic drugs should do will in this > > > environment. > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Thursday, August 01, 2002 7:51 AM > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > David, zillagirl: > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of > > > > the chief > > > S&L that defrauded despositors was found guilty in court. But he > > > had moved many of his assets to Florida, and bought many more > > > (including a > > > > > horse ranch)-and the Florida laws protected him. > > > > > > > > So, even though he was found guilty, he did not have to > > > > disgorge many > > > of his profits of his ill-gotten gains. > > > > > > > > jans > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > > > Time, > > > dougald@dmv.com writes: > > > > > > > > > I do not see how it is going to stop anyone from building a > > > > > million > > > dollar > > > > > House. Unless,of course, something is done about Florida. As a > > > > > matter > > > of > > > > > interest, iUnder the present law if you think you are about to > > > > > go > > > bankrupt > > > > > you can always move to Florida ,where your home is immune to > > > > > the Bankruptcy Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > > email body, write "subscribe canslim" or -"unsubscribe canslim". > > > > Do > > > > > > not use quotes in your email. > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > > > not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 22:53:19 -0400 but Congress has been "working" on that for over 10 years now!! and since Congress does not participate in Social Security programs, unlikely they will ever take this issue personally, and give it a priority consideration ----- Original Message ----- Sent: Thursday, August 01, 2002 1:19 PM just thought the generic drug sector would do well with congress working on a bill to help senior's with drug costs. (shortening patents, more generic drugs) ----- Original Message ----- Sent: Thursday, August 01, 2002 8:46 AM > 1. What is there about this environment that suggests generic drugs will do > well? > 2. Mylan (MYL) and Taro (TARO) are both producers of generics, and both > show flat profits for the past three quarters. > Prior to the flat period, the profit growth was exceptional. > 3. TARO is located in Haifa, and the fighting/explosions in that area cause > me to be cautious. > 4. I believe that the "request receipt" is still turned on ( after the > second note). > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Thursday, August 01, 2002 11:20 AM > Subject: Re: [CANSLIM] canslim stocks > > > > sorry, i do not know how the, request receipt, got turned on. > > ----- Original Message ----- > > From: "Larry Worden" > > To: > > Sent: Thursday, August 01, 2002 8:04 AM > > Subject: [CANSLIM] canslim stocks > > > > > > > what about (TARO) ? the generic drugs should do will in this > environment. > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Thursday, August 01, 2002 7:51 AM > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > > > > David, zillagirl: > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of the > > chief > > > S&L that defrauded despositors was found guilty in court. But he had > > moved > > > many of his assets to Florida, and bought many more (including a horse > > > ranch)-and the Florida laws protected him. > > > > > > > > So, even though he was found guilty, he did not have to disgorge > > many > > > of his profits of his ill-gotten gains. > > > > > > > > jans > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > > > dougald@dmv.com writes: > > > > > > > > > I do not see how it is going to stop anyone from building a million > > > dollar > > > > > House. Unless,of course, something is done about Florida. As a > matter > > > of > > > > > interest, iUnder the present law if you think you are about to go > > > bankrupt > > > > > you can always move to Florida ,where your home is immune > > > > > to the Bankruptcy > > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] canslim stocks Date: 01 Aug 2002 23:03:20 -0400 The big bucks always win! -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little Sent: Thursday, August 01, 2002 10:24 PM Duke: It appears that the big bucks may be winning. The headline story of the Detroit News of 01 August proclaimed: "Senators give up on drug plan." The link is: http://www.detnews.com/2002/politics/0208/01/a01-551287.htm ----- Original Message ----- Sent: Thursday, August 01, 2002 10:08 PM > Thank you, Lois, > > for the point about boomers coming of age. I found the sites you > included most interesting. > > You hit my hot button, because, as you may know, I'm working on my > "Boomer Babies" (companies that will appeal to boomers) that will in > time make me rich! It's all based on the fact that, from the get-go, > boomers will change things. As a "leading edge" boomer (my wife, four > years my junior, insists I use that term) I'm testimony to that, > because they've made my life very comfortable. > > Now, boomers are getting older (I know they hate to admit it), and who > do you think is going to benefit most? You got it: older people, aka > geriatric boomers. And what do older people need most? Drugs, > medical care, places to retire, travel to take, not to mention places > to be buried! And dare I omit sex? Do you think we'd have Viagra > (the greatest legalized drug of all time, according to Hugh Hefner)if > it weren't for the boomers? > > Now, who will soon be the biggest, best organized lobby (if it isn't > already) in the world? AARP bay-beeeeeeee! (Darn, Austin Powers keeps > slipping in). So I read my AARP Bulletin (they start sending it to > you at age 50) regularly, looking for CANSLIM candidates (lest we get > off topic!). The question is will AARP ever outweigh Pfizer, et al, > in Congress? Hard to say, but there are an awful lot of votes in that > there pipeline! > > Duke > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > Sent: Thursday, August 01, 2002 7:01 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] canslim stocks > > > Duke, > > I agree that money talks. > > I resigned from the nursing profession 9 yrs. ago. The majority of the > patients were medicaid/medicare dependant(your tax dollars) which in > turn means that generic drugs would be used over brand name drugs. > Below you will find a LINK(lol) that will project the baby boomers > coming of age. This clearly means that the > healthcare/pharms/orthopedic co's will be booming also. > http://www.census.gov/prod/2/pop/p25/p25-1131.pdf > http://www.biospace.com/ > > I can go a little deeper with info re gov. officials that had/have > their fingers stuck in the pie, but don't know if I should here, so I > won't. > > > > Duke Miller wrote: > > > > Please note the usual operative phrase, paragraph 2: "...but it is > > unclear whether it has the support to pass." This is a euphemism for, > > > "...it's clear the winner will be the boys with the bucks (read: > > drug > > companies)." > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > > Sent: Thursday, August 01, 2002 2:23 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] canslim stocks > > > > Larry, > > http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml > > > > Senate Passes Bill on Generic Drugs > > > > NewsMax.com Wires > > Thursday, Aug. 1, 2002 > > > > WASHINGTON - The Senate passed a bill Wednesday > > that could > > make cheaper generic drugs more rapidly available > > and save > > consumers billions - or hamper development of > > pharmaceuticals. > > > > A similar bill has been introduced in the House, > > but it is unclear > > whether it has the support to pass. > > > > The Senate bill, sponsored by Sens. Charles > > Schumer, D-N.Y., and > > John McCain, R-Ariz., attempts to curb lawsuits > > filed by > > brand-name drug manufacturers that claim a generic > > drug infringes > > upon their patent and automatically prevents the > > generic from > > coming to market for 30 months. > > > > Under the current system, drug manufacturers can > > file multiple > > patent infringement lawsuits, thereby keeping > > generics off the > > market for years. Meanwhile, the brand-name drug > > continues to be > > sold at a higher price. Generic versions of > > brand-name drugs > > typically result in a dramatic reduction in the > > price of the drug but do > > not advance pharmaceutical research. > > > > The Senate bill limits automatic 30-month stays > > to > > patents the > > brand name carries at the time it is approved. > > Brand-name drug > > manufacturers can still challenge infringement upon > > > patents that are > > added after approval, but they must first get the > > approval of a > > judge. > > > > Republicans opposing the bill, including Sen. > > Judd > > Gregg, R-N.H., > > and brand-name drug companies maintained that the > > bill would > > reduce profits and the amount of money that could > > be spent on > > research and development. Ultimately, it would > > stifle the > > development of innovative new drugs, they said. > > > > "The only thing they have to worry about are weak > > bogus patents ... > > that they could not support before a judge," Ben > > Peck, legislative > > representative for the self-described consumer > > advocacy group > > Public Citizen, told United Press International. > > > > Sen. Robert Torricelli, D-N.J., reprimanded > > Tuesday > > > by the Senate > > Ethics Committee, said the bill could reduce drug > > costs by up to 65 > > percent and save consumers $60 billion over the > > next decade. > > > > Larry Worden wrote: > > > > > > what about (TARO) ? the generic drugs should do will in this > > > environment. > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Thursday, August 01, 2002 7:51 AM > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > David, zillagirl: > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of > > > > the chief > > > S&L that defrauded despositors was found guilty in court. But he > > > had moved many of his assets to Florida, and bought many more > > > (including a > > > > > horse ranch)-and the Florida laws protected him. > > > > > > > > So, even though he was found guilty, he did not have to > > > > disgorge many > > > of his profits of his ill-gotten gains. > > > > > > > > jans > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > > > Time, > > > dougald@dmv.com writes: > > > > > > > > > I do not see how it is going to stop anyone from building a > > > > > million > > > dollar > > > > > House. Unless,of course, something is done about Florida. As > > > > > a > > > > > matter > > > of > > > > > interest, iUnder the present law if you think you are about to > > > > > go > > > bankrupt > > > > > you can always move to Florida ,where your home is immune to > > > > > the Bankruptcy Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In > > > > the > > > > email body, write "subscribe canslim" or -"unsubscribe canslim". > > > > Do > > > > > > not use quotes in your email. > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > > > not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KLall1112@aol.com Subject: Re: [CANSLIM] canslim stocks Date: 01 Aug 2002 23:03:33 EDT Matt WLP(Unicare) in ILLINOIS has the same policy on generics for several years. Kris - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] LNOP Date: 01 Aug 2002 22:41:44 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0112_01C239AC.9CC94730 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0113_01C239AC.9CC94730" ------=_NextPart_001_0113_01C239AC.9CC94730 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lois,=20 I looked at about 30 of 'your' stocks and don't find much CANSLIM among = them. See attached... not sure how the software developer claims to identify = CANSLIM stocks..... what am I missing? ----- Original Message -----=20 From: Lois=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 5:04 PM Subject: Re: [CANSLIM] LNOP Gene, Response from Investor 3000: Hi Thanks for writing. The Investor 3000 uses a variety of data sources to scan the markets then it uses Real Time, and delayed quotes from Yahoo to see if the stocks are up from yesterdays close. There is no monthly charge for data, just the one time fee of $149.00 There is also no trial version although the software come with a 100% satisfaction guarantee. Try it as long as you like, we are confident that you will like it. It you decide its not for you, just let us know for a full refund. Does that sound fair? Thanks for your interest in the Investor 3000. Sincerely, Doug@investing-systems.com I have the parameters set as follows: Timer is set to update every 10mins.(5,10,15,20,30,60,120mins. avail.) Stop loss & target price: 5% (set these at your own discretion. Inv = 3000 suggest 7%) Min. price: $1- (I know $10- is sugg., but times/mrkts. are tough) Min. vol.: 50k (50k,100k,200k,500k & 1M avail) Search level: 4day (1,2,3,4 day search level avail.) Need I remind you what the mrkts. did today vs. the Inv. 3000 scan? http://finance.yahoo.com/q?s=3D%5Edji+%5Eixic+%5Endx+%5Egspc+&d=3Dv1 = http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex+rgci+aiq+str+mesa+hg= r+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcl= e+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc= &d=3Dv1 Symbol Company Name Last Sale Stop Loss Target Price=20 OSTE Osteotech, Inc. $8.70 $8.26 $9.13=20 PRGX PRG-Schultz International Inc. $11.91 $11.31 $12.51=20 IM INGRAM MICRO INC $12.14 $11.53 $12.75=20 EGN ENERGEN CORP $24.72 $23.48 $25.96=20 OTEX Open Text Corporation $20.75 $19.71 $21.79=20 RGCI Regent Communications, Inc. $6.00 $5.70 $6.30=20 AIQ ALLIANCE IMAGING INC $12.78 $12.14 $13.42=20 STR QUESTAR CORP $23.05 $21.90 $24.20=20 MESA Mesa Air Group, Inc. $7.35 $6.98 $7.72=20 HGR HANGER ORTHOPEDIC GRP INC $11.92 $11.32 $12.52=20 AFG AMERICAN FNCL GROUP INC $22.39 $21.27 $23.51=20 ACAI Atlantic Coast Airlines Holdings, Inc. $16.10 $15.30 $16.91=20 SYY SYSCO CORP $27.21 $25.85 $28.57=20 PMSI Prime Medical Services, Inc. $9.83 $9.34 $10.32=20 VSH VISHAY INTERTECH INC $17.43 $16.56 $18.30=20 AW ALLIED WASTE INDUSTRIES I $7.34 $6.97 $7.71=20 PDX PEDIATRIX MEDICAL GRP INC $30.15 $28.64 $31.66=20 CVS CVS Corporation $28.62 $27.19 $30.05=20 TSAI Transaction Systems Architects , Inc. $9.64 $9.16 $10.12=20 EPN EL PASO ENERGY $33.09 $31.44 $34.74=20 WFHC Women First HealthCare, Inc. $5.26 $5.00 $5.52=20 ARW ARROW ELECTRONICS INC $17.09 $16.24 $17.94=20 RAH RALCORP HOLDINGS INC $25.30 $24.03 $26.56=20 ELMG EMS Technologies, Inc. $19.57 $18.59 $20.55=20 SAH SONIC AUTOMOTIVE INC $20.02 $19.02 $21.02=20 BSG B I S Y S GROUP INC $23.69 $22.51 $24.87=20 PCLE Pinnacle Systems, Inc. $9.51 $9.03 $9.99=20 CBR CIBER INC $5.76 $5.47 $6.05=20 ROH Rohm and Haas Co $37.51 $35.63 $39.39=20 SKYW SkyWest, Inc. $19.56 $18.58 $20.54=20 ENDP Endo Pharmaceuticals Holdings Inc. $8.58 $8.15 $9.01=20 HYSL Hyperion Solutions Corporation $21.79 $20.70 $22.88=20 WDC WESTERN DIGITAL CORP $4.49 $4.27 $4.71=20 WLM WELLMAN INC $14.60 $13.87 $15.33=20 MNTR Mentor Corporation $32.60 $30.97 $34.23=20 FTEK Fuel-Tech, N.V. $5.70 $5.41 $5.98=20 RADS Radiant Systems, Inc. $7.91 $7.51 $8.31=20 MRD MACDERMID INC $20.18 $19.17 $21.19=20 IAAI Insurance Auto Auctions, Inc. $19.00 $18.05 $19.95=20 PWN CASH AMERICA INTL INC $8.19 $7.78 $8.60=20 SOI SOLUTIA INC $6.48 $6.16 $6.80=20 DRTE Dendrite International, Inc. $5.69 $5.41 $5.97=20 CPC CENTRAL PARKING CORP $21.14 $20.08 $22.20=20 Now, if I could find someone that can follow industry strength, time = ins and outs and apply this scan....BINGO!!! p.s...I don't like SPAM either....lol - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0113_01C239AC.9CC94730 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lois,
 
I looked at about 30 of 'your' stocks = and don't=20 find much CANSLIM among them.
See attached... not sure how the = software=20 developer claims to identify CANSLIM stocks..... what am I = missing?
 
 
----- Original Message -----
From:=20 Lois
Sent: Thursday, August 01, 2002 = 5:04=20 PM
Subject: Re: [CANSLIM] = LNOP

Gene,

    Response from Investor=20 3000:

Hi Thanks for writing.

The Investor 3000 uses a = variety of=20 data sources to scan the markets
then it uses Real Time,
and = delayed=20 quotes from Yahoo to see if the stocks are up from
yesterdays=20 close.

There is no monthly charge for data, just the one time = fee of=20 $149.00

There is also no trial version although the software = come with=20 a 100%
satisfaction guarantee.

Try it as long as you like, = we are=20 confident that you will like it. It
you decide its not for
you, = just let=20 us know for a full refund. Does that sound fair?

Thanks for = your=20 interest in the Investor 3000.

Sincerely,
Doug@investing-systems.com=

I=20 have the parameters set as follows:

Timer is set to update = every=20 10mins.(5,10,15,20,30,60,120mins. avail.)
Stop loss & target = price: 5%=20 (set these at your own discretion. Inv 3000
suggest 7%)
Min. = price: $1-=20 (I know $10- is sugg., but times/mrkts. are tough)
Min. vol.: 50k=20 (50k,100k,200k,500k & 1M avail)
Search level: 4day (1,2,3,4 day = search=20 level avail.)

Need I remind you what the mrkts. did today vs. = the Inv.=20 3000 scan?
http://finance.yahoo.com/q?s=3D%5Edji+%5Eixic+%5Endx+%5Egspc+&am= p;d=3Dv1

http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex= +rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw= +rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+= iaai+pwn+soi+drte+cpc&d=3Dv1


 =20 Symbol Company Name Last Sale Stop Loss Target Price
  OSTE=20 Osteotech, Inc. $8.70 $8.26 $9.13
  PRGX PRG-Schultz = International=20 Inc. $11.91 $11.31 $12.51
  IM INGRAM MICRO INC $12.14 $11.53 = $12.75=20
  EGN ENERGEN CORP $24.72 $23.48 $25.96
  OTEX Open = Text=20 Corporation $20.75 $19.71 $21.79
  RGCI Regent = Communications, Inc.=20 $6.00 $5.70 $6.30
  AIQ ALLIANCE IMAGING INC $12.78 $12.14 = $13.42=20
  STR QUESTAR CORP $23.05 $21.90 $24.20
  MESA Mesa = Air=20 Group, Inc. $7.35 $6.98 $7.72
  HGR HANGER ORTHOPEDIC GRP INC = $11.92=20 $11.32 $12.52
  AFG AMERICAN FNCL GROUP INC $22.39 $21.27 = $23.51=20
  ACAI Atlantic Coast Airlines Holdings, Inc. $16.10 $15.30 = $16.91=20
  SYY SYSCO CORP $27.21 $25.85 $28.57
  PMSI Prime = Medical=20 Services, Inc. $9.83 $9.34 $10.32
  VSH VISHAY INTERTECH INC = $17.43=20 $16.56 $18.30
  AW ALLIED WASTE INDUSTRIES I $7.34 $6.97 = $7.71=20
  PDX PEDIATRIX MEDICAL GRP INC $30.15 $28.64 $31.66 =
  CVS=20 CVS Corporation $28.62 $27.19 $30.05
  TSAI Transaction = Systems=20 Architects , Inc. $9.64 $9.16 $10.12
  EPN EL PASO ENERGY = $33.09=20 $31.44 $34.74
  WFHC Women First HealthCare, Inc. $5.26 $5.00 = $5.52=20
  ARW ARROW ELECTRONICS INC $17.09 $16.24 $17.94
  = RAH=20 RALCORP HOLDINGS INC $25.30 $24.03 $26.56
  ELMG EMS = Technologies,=20 Inc. $19.57 $18.59 $20.55
  SAH SONIC AUTOMOTIVE INC $20.02 = $19.02=20 $21.02
  BSG B I S Y S GROUP INC $23.69 $22.51 $24.87 =
  PCLE=20 Pinnacle Systems, Inc. $9.51 $9.03 $9.99
  CBR CIBER INC = $5.76 $5.47=20 $6.05
  ROH Rohm and Haas Co $37.51 $35.63 $39.39
  = SKYW=20 SkyWest, Inc. $19.56 $18.58 $20.54
  ENDP Endo = Pharmaceuticals=20 Holdings Inc. $8.58 $8.15 $9.01
  HYSL Hyperion Solutions = Corporation=20 $21.79 $20.70 $22.88
  WDC WESTERN DIGITAL CORP $4.49 $4.27 = $4.71=20
  WLM WELLMAN INC $14.60 $13.87 $15.33
  MNTR Mentor = Corporation $32.60 $30.97 $34.23
  FTEK Fuel-Tech, N.V. $5.70 = $5.41=20 $5.98
  RADS Radiant Systems, Inc. $7.91 $7.51 $8.31 =
  MRD=20 MACDERMID INC $20.18 $19.17 $21.19
  IAAI Insurance Auto = Auctions,=20 Inc. $19.00 $18.05 $19.95
  PWN CASH AMERICA INTL INC $8.19 = $7.78=20 $8.60
  SOI SOLUTIA INC $6.48 $6.16 $6.80
  DRTE = Dendrite=20 International, Inc. $5.69 $5.41 $5.97
  CPC CENTRAL PARKING = CORP=20 $21.14 $20.08 $22.20

Now, if I could find someone that can = follow=20 industry strength, time ins
and outs and apply this=20 scan....BINGO!!!

p.s...I don't like SPAM = either....lol

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] re canslim candiadate Date: 02 Aug 2002 04:25:16 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0007_01C239DC.9A9A0A50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lois ----I looked ove the list that you provided and think that SYY has = as good a chart to keep track of as anything around these days. the = frosting on the cake is their consecutive stock buy back programs and = 105 consecutive quarterly increases in income. At this juncture SYY is = a little skimpy respecting its Relative Price Strength (RPS=3D67), but = I understand that is due to a labor strike and is = temporary..-----Donald ------=_NextPart_000_0007_01C239DC.9A9A0A50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lois ----I looked ove the list that you = provided=20 and think that SYY has as good a chart  to keep track of as = anything=20 around these days.  the frosting on the cake is their consecutive = stock buy=20 back programs and  105 consecutive quarterly increases in = income.  At=20 this juncture SYY is a little skimpy respecting its  Relative = Price=20 Strength (RPS=3D67), but I understand that is due to a labor = strike  and is=20 temporary..-----Donald
------=_NextPart_000_0007_01C239DC.9A9A0A50-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 04:48:41 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C239DF.DFC47680 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out yet and is = still working on the cup that it started back in March 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a real pro = and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The stock has = stellar fundamentals, but to this day, no one I have spoken with -- from = fellow investors to people at IBD -- have been able to describe what = kind of base it has produced. It has broken out of this "unknown" base = and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_0008_01C239DF.DFC47680 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine ---Maybe (tongue in cheek) = SIEt hasn't=20 broken out yet and is still working on the cup that it started back in = March=20 1998.---Donald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, August 01, 2002 = 7:24=20 PM
Subject: [CANSLIM] Sometimes = even the=20 Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, a real = pro and=20 contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar fundamentals, = but to=20 this day, no one I have spoken with -- from fellow investors to people = at=20 IBD -- have been able to describe what kind of base it has = produced. It=20 has broken out of this "unknown" base and continues to push higher for = the=20 time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

 

------=_NextPart_000_0008_01C239DF.DFC47680-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: [CANSLIM] "Don't let A Shakeout Scare You" Date: 01 Aug 2002 22:56:05 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0037_01C239AE.9DF58040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Out here in Hawaii, I don't get IBD until 2 pm and its usually late in the evening before I get around to reading it, so I apologize for bringing up yesterdays news, but this Investor's Corner article (08/01/02) really has me puzzled. What lesson are we supposed to learn from it? Discussing TOO in 1999, they say it wasn't an ideal base because it lacked a handle. Then that the breakout lacked sufficient volume. From the graph in the paper, it looks as though the pivot was at about $19. Following that Greenspan threatened raising interest rates and the stock closed lower three days in a row on significantly above average volume, closing at its low for the day on the third day at about $15.25, or about 20% below the pivot (remember there's a sell rule at 8% below the buy price above the pivot) . Although my understanding of CANSLIM and its application is still in its infancy, I'd be surprized if any CANLIMmer was still in the stock at that point, and yet they seem to be saying that one should have hung on through the shakeout for a gain on the 4th day of 29%. However , they don't say how analysis of the chart would have led one to stay invested. I'm looking for enlightenment, can someone explain what I'm missing here? Aloha, Mike Gibbons http://www.proactech.com ------=_NextPart_000_0037_01C239AE.9DF58040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Out = here in Hawaii,=20 I don't get IBD until 2 pm and its usually late in the evening before I = get=20 around to reading it, so I apologize for bringing up yesterdays news,=20 but this Investor's Corner article (08/01/02) really has me=20 puzzled.
 
What = lesson are we=20 supposed to learn from it? Discussing TOO in 1999, they say it wasn't an = ideal=20 base because it lacked a handle. Then that the breakout lacked = sufficient=20 volume. From the graph in the paper, it looks as though the pivot was at = about=20 $19. Following that Greenspan threatened raising interest rates and the = stock=20 closed lower three days in a row on significantly above average volume, = closing=20 at its low for the day on the third day at about $15.25, or about 20% = below the=20 pivot (remember there's a sell rule at 8% below the buy price above the=20 pivot) . Although my understanding of CANSLIM and its application = is still=20 in its infancy, I'd be surprized if any CANLIMmer was still in the stock = at that=20 point, and yet they seem to be saying that one should have hung on = through the=20 shakeout for a gain on the 4th day of 29%. However , they don't say how = analysis=20 of the chart would have led one to stay invested.
 
I'm = looking for=20 enlightenment, can someone explain what I'm missing = here?
 
Aloha,
Mike=20 Gibbons
http://www.proactech.com
------=_NextPart_000_0037_01C239AE.9DF58040-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: RE: [CANSLIM] "Don't let A Shakeout Scare You" Date: 02 Aug 2002 02:22:23 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0002_01C239CB.6FFAB1C0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit from what it looks like to me there really was no handle in this base. The only opportunity to buy would have been on the day it gappped up to 20 on high volume. However, i doubt very many of us would have had the guts to do that since it lost almost 3 points the day before. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons Sent: Friday, August 02, 2002 1:56 AM To: canslim@lists.xmission.com Subject: [CANSLIM] "Don't let A Shakeout Scare You" Out here in Hawaii, I don't get IBD until 2 pm and its usually late in the evening before I get around to reading it, so I apologize for bringing up yesterdays news, but this Investor's Corner article (08/01/02) really has me puzzled. What lesson are we supposed to learn from it? Discussing TOO in 1999, they say it wasn't an ideal base because it lacked a handle. Then that the breakout lacked sufficient volume. From the graph in the paper, it looks as though the pivot was at about $19. Following that Greenspan threatened raising interest rates and the stock closed lower three days in a row on significantly above average volume, closing at its low for the day on the third day at about $15.25, or about 20% below the pivot (remember there's a sell rule at 8% below the buy price above the pivot) . Although my understanding of CANSLIM and its application is still in its infancy, I'd be surprized if any CANLIMmer was still in the stock at that point, and yet they seem to be saying that one should have hung on through the shakeout for a gain on the 4th day of 29%. However , they don't say how analysis of the chart would have led one to stay invested. I'm looking for enlightenment, can someone explain what I'm missing here? Aloha, Mike Gibbons http://www.proactech.com ------=_NextPart_000_0002_01C239CB.6FFAB1C0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
from=20 what it looks like to me there really was no handle in this base.  = The only=20 opportunity to buy would have been on the day it gappped up to 20 on = high=20 volume.  However, i doubt very many of us would have had the guts = to do=20 that since it lost almost 3 points the day before.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike=20 Gibbons
Sent: Friday, August 02, 2002 1:56 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] "Don't let A = Shakeout=20 Scare You"

Out = here in=20 Hawaii, I don't get IBD until 2 pm and its usually late in the evening = before=20 I get around to reading it, so I apologize for bringing up yesterdays = news,=20 but this Investor's Corner article (08/01/02) really has me=20 puzzled.
 
What = lesson are we=20 supposed to learn from it? Discussing TOO in 1999, they say it wasn't = an ideal=20 base because it lacked a handle. Then that the breakout lacked = sufficient=20 volume. From the graph in the paper, it looks as though the pivot was = at about=20 $19. Following that Greenspan threatened raising interest rates and = the stock=20 closed lower three days in a row on significantly above average = volume,=20 closing at its low for the day on the third day at about $15.25, or = about 20%=20 below the pivot (remember there's a sell rule at 8% below the buy = price above=20 the pivot) . Although my understanding of CANSLIM and its = application is=20 still in its infancy, I'd be surprized if any CANLIMmer was still in = the stock=20 at that point, and yet they seem to be saying that one should have = hung on=20 through the shakeout for a gain on the 4th day of 29%. However , they = don't=20 say how analysis of the chart would have led one to stay=20 invested.
 
I'm = looking for=20 enlightenment, can someone explain what I'm missing = here?
 
Aloha,
Mike = Gibbons
http://www.proactech.com
------=_NextPart_000_0002_01C239CB.6FFAB1C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] canslim stocks Date: 02 Aug 2002 07:44:29 -0500 Matt & Alicia, I live in Indiana and my provider pays 100% of generic prescriptions costs and 80% of brand name. http://biz.yahoo.com/djus/020729/200207291316000594_1.html (orthopedic co's.) Matt & Alicia Leverette wrote: > > I work for the State of Alabama and our insurance provider has just recently > implemented a policy that all prescriptions must be filled using a generic > if one is available. > > I am not sure how many other providers have this same policy. > > Matt Leverette > ----- Original Message ----- > From: "Winston Little" > To: > Sent: Thursday, August 01, 2002 12:38 PM > Subject: Re: [CANSLIM] canslim stocks > > > Larry: > > That assumes that one believes that the govt. will "DO" something. > > > > Remember: > > 1. the name brands spend a lot of money for influence to ....... > > > > 2. This is an election year with each side trying to make the other side > > look bad. > > > > ----- Original Message ----- > > From: "Larry Worden" > > To: > > Sent: Thursday, August 01, 2002 1:19 PM > > Subject: Re: [CANSLIM] canslim stocks > > > > > > > just thought the generic drug sector would do well with congress working > > on > > > a bill to help senior's with drug costs. (shortening patents, more > generic > > > drugs) > > > ----- Original Message ----- > > > From: "Winston Little" > > > To: > > > Sent: Thursday, August 01, 2002 8:46 AM > > > Subject: Re: [CANSLIM] canslim stocks > > > > > > > > > > 1. What is there about this environment that suggests generic drugs > will > > > do > > > > well? > > > > 2. Mylan (MYL) and Taro (TARO) are both producers of generics, and > both > > > > show flat profits for the past three quarters. > > > > Prior to the flat period, the profit growth was exceptional. > > > > 3. TARO is located in Haifa, and the fighting/explosions in that area > > > cause > > > > me to be cautious. > > > > 4. I believe that the "request receipt" is still turned on ( after > the > > > > second note). > > > > > > > > ----- Original Message ----- > > > > From: "Larry Worden" > > > > To: > > > > Sent: Thursday, August 01, 2002 11:20 AM > > > > Subject: Re: [CANSLIM] canslim stocks > > > > > > > > > > > > > sorry, i do not know how the, request receipt, got turned on. > > > > > ----- Original Message ----- > > > > > From: "Larry Worden" > > > > > To: > > > > > Sent: Thursday, August 01, 2002 8:04 AM > > > > > Subject: [CANSLIM] canslim stocks > > > > > > > > > > > > > > > > what about (TARO) ? the generic drugs should do will in this > > > > environment. > > > > > > ----- Original Message ----- > > > > > > From: > > > > > > To: > > > > > > Sent: Thursday, August 01, 2002 7:51 AM > > > > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > > > > > > > > > > > > > David, zillagirl: > > > > > > > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of > > the > > > > > chief > > > > > > S&L that defrauded despositors was found guilty in court. But he > > had > > > > > moved > > > > > > many of his assets to Florida, and bought many more (including a > > horse > > > > > > ranch)-and the Florida laws protected him. > > > > > > > > > > > > > > So, even though he was found guilty, he did not have to > > > disgorge > > > > > many > > > > > > of his profits of his ill-gotten gains. > > > > > > > > > > > > > > jans > > > > > > > > > > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > > Time, > > > > > > dougald@dmv.com writes: > > > > > > > > > > > > > > > I do not see how it is going to stop anyone from building a > > > million > > > > > > dollar > > > > > > > > House. Unless,of course, something is done about Florida. As > a > > > > matter > > > > > > of > > > > > > > > interest, iUnder the present law if you think you are about to > > go > > > > > > bankrupt > > > > > > > > you can always move to Florida ,where your home is immune > > > > > > > > to the Bankruptcy > > > > > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > > > -In the email body, write "subscribe canslim" or > > > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > - > > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > > -In the email body, write "subscribe canslim" or > > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] Saucer base for SIE Date: 02 Aug 2002 08:50:36 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0007_01C23A01.AB2DA9B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine -----Judging by the article in Investor's Corner today, I've = decided to take my tongue out of my cheek and vote for SIE not having = broken out of a Saucer base started in March 98 at about $26.583.------ = Donald ------=_NextPart_000_0007_01C23A01.AB2DA9B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine -----Judging by the article = in Investor's=20 Corner today, I've decided to take my tongue out of my cheek and vote = for SIE=20 not having broken out of a Saucer base started in March 98 at about=20 $26.583.------ Donald
------=_NextPart_000_0007_01C23A01.AB2DA9B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 08:51:57 -0400 Larry, I will not attempt to figure out whether this group will do well in the future, right now the group gets a D+, but who knows about a month or two from now? On the other hand the chart is interesting. Kind of like the "lazy W" that Katherine posted about a day or so ago. Latest low slightly higher than the prior one, and latest high also slightly higher than the prior high. Has been in a downtrend for some time, hence the low RS (72). However EPS remains at 99, and forecasts this year and next are both over 20%. Broke thru its 50 dma nicely on volume. Now right at its 200 dma, likely to have some resistance there and rest of the way up to mid 40s at least. I have been seeing some action in this and related groups, was watching LLY to buy some for a friend, missed a nice buy in the upper 40s, my CANSLIM training held me back I guess, thought I had plenty of opportunity left to get a cheap buy). ----- Original Message ----- Sent: Thursday, August 01, 2002 11:04 AM what about (TARO) ? the generic drugs should do will in this environment. ----- Original Message ----- Sent: Thursday, August 01, 2002 7:51 AM > David, zillagirl: > > I remember in the 80's during the S&L scandals, the CEO of the chief S&L that defrauded despositors was found guilty in court. But he had moved many of his assets to Florida, and bought many more (including a horse ranch)-and the Florida laws protected him. > > So, even though he was found guilty, he did not have to disgorge many of his profits of his ill-gotten gains. > > jans > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, dougald@dmv.com writes: > > > I do not see how it is going to stop anyone from building a million dollar > > House. Unless,of course, something is done about Florida. As a matter of > > interest, iUnder the present law if you think you are about to go bankrupt > > you can always move to Florida ,where your home is immune > > to the Bankruptcy > > Laws. For example O.J. Simpson lives in Florida > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] LNOP Date: 02 Aug 2002 08:01:25 -0500 Gene, The software is very light and runs in the background while you do other things. It is intended for short-term trading with it's small list of daily stocks." he Investor3000 monitors every single company that beats earnings expectations, on a daily basis, and selects only the best of these stocks, based on momentum, volume, and earnings growth. It is set to automatically scan for stocks with positive earnings surprises. It starts with the "C" in CANSLIM. It then digs deeper, filtering for stocks with volume at least 50k or higher and quarterly earnings growth of at least 20% over a three quarter period. http://www.Investor-3000.com/strategy.html lol....you're missing out on $$$ seriously, I know you are looking for longer term stocks, but why not make money while waiting for them? This software isn't 100%, I haven't found any that is. I would like to find someone who is knowledgeble in TA to use these in combination for those BIG short term winners. > Gene Ricci wrote: > > Lois, > > I looked at about 30 of 'your' stocks and don't find much CANSLIM > among them. > See attached... not sure how the software developer claims to identify > CANSLIM stocks..... what am I missing? > > > > ----- Original Message ----- > From: Lois > To: canslim@lists.xmission.com > Sent: Thursday, August 01, 2002 5:04 PM > Subject: Re: [CANSLIM] LNOP > > Gene, > > Response from Investor 3000: > > Hi Thanks for writing. > > The Investor 3000 uses a variety of data sources to scan the > markets > then it uses Real Time, > and delayed quotes from Yahoo to see if the stocks are up > from > yesterdays close. > > There is no monthly charge for data, just the one time fee > of $149.00 > > There is also no trial version although the software come > with a 100% > satisfaction guarantee. > > Try it as long as you like, we are confident that you will > like it. It > you decide its not for > you, just let us know for a full refund. Does that sound > fair? > > Thanks for your interest in the Investor 3000. > > Sincerely, > Doug@investing-systems.com > > I have the parameters set as follows: > > Timer is set to update every > 10mins.(5,10,15,20,30,60,120mins. avail.) > Stop loss & target price: 5% (set these at your own > discretion. Inv 3000 > suggest 7%) > Min. price: $1- (I know $10- is sugg., but times/mrkts. are > tough) > Min. vol.: 50k (50k,100k,200k,500k & 1M avail) > Search level: 4day (1,2,3,4 day search level avail.) > > Need I remind you what the mrkts. did today vs. the Inv. > 3000 scan? > http://finance.yahoo.com/q?s=%5Edji+%5Eixic+%5Endx+%5Egspc+&d=v1 > > http://finance.yahoo.com/q?s=oste+prgx+im+egn+otex+rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc&d=v1 > > Symbol Company Name Last Sale Stop Loss Target Price > OSTE Osteotech, Inc. $8.70 $8.26 $9.13 > PRGX PRG-Schultz International Inc. $11.91 $11.31 $12.51 > IM INGRAM MICRO INC $12.14 $11.53 $12.75 > EGN ENERGEN CORP $24.72 $23.48 $25.96 > OTEX Open Text Corporation $20.75 $19.71 $21.79 > RGCI Regent Communications, Inc. $6.00 $5.70 $6.30 > AIQ ALLIANCE IMAGING INC $12.78 $12.14 $13.42 > STR QUESTAR CORP $23.05 $21.90 $24.20 > MESA Mesa Air Group, Inc. $7.35 $6.98 $7.72 > HGR HANGER ORTHOPEDIC GRP INC $11.92 $11.32 $12.52 > AFG AMERICAN FNCL GROUP INC $22.39 $21.27 $23.51 > ACAI Atlantic Coast Airlines Holdings, Inc. $16.10 $15.30 > $16.91 > SYY SYSCO CORP $27.21 $25.85 $28.57 > PMSI Prime Medical Services, Inc. $9.83 $9.34 $10.32 > VSH VISHAY INTERTECH INC $17.43 $16.56 $18.30 > AW ALLIED WASTE INDUSTRIES I $7.34 $6.97 $7.71 > PDX PEDIATRIX MEDICAL GRP INC $30.15 $28.64 $31.66 > CVS CVS Corporation $28.62 $27.19 $30.05 > TSAI Transaction Systems Architects , Inc. $9.64 $9.16 > $10.12 > EPN EL PASO ENERGY $33.09 $31.44 $34.74 > WFHC Women First HealthCare, Inc. $5.26 $5.00 $5.52 > ARW ARROW ELECTRONICS INC $17.09 $16.24 $17.94 > RAH RALCORP HOLDINGS INC $25.30 $24.03 $26.56 > ELMG EMS Technologies, Inc. $19.57 $18.59 $20.55 > SAH SONIC AUTOMOTIVE INC $20.02 $19.02 $21.02 > BSG B I S Y S GROUP INC $23.69 $22.51 $24.87 > PCLE Pinnacle Systems, Inc. $9.51 $9.03 $9.99 > CBR CIBER INC $5.76 $5.47 $6.05 > ROH Rohm and Haas Co $37.51 $35.63 $39.39 > SKYW SkyWest, Inc. $19.56 $18.58 $20.54 > ENDP Endo Pharmaceuticals Holdings Inc. $8.58 $8.15 $9.01 > HYSL Hyperion Solutions Corporation $21.79 $20.70 $22.88 > WDC WESTERN DIGITAL CORP $4.49 $4.27 $4.71 > WLM WELLMAN INC $14.60 $13.87 $15.33 > MNTR Mentor Corporation $32.60 $30.97 $34.23 > FTEK Fuel-Tech, N.V. $5.70 $5.41 $5.98 > RADS Radiant Systems, Inc. $7.91 $7.51 $8.31 > MRD MACDERMID INC $20.18 $19.17 $21.19 > IAAI Insurance Auto Auctions, Inc. $19.00 $18.05 $19.95 > PWN CASH AMERICA INTL INC $8.19 $7.78 $8.60 > SOI SOLUTIA INC $6.48 $6.16 $6.80 > DRTE Dendrite International, Inc. $5.69 $5.41 $5.97 > CPC CENTRAL PARKING CORP $21.14 $20.08 $22.20 > > Now, if I could find someone that can follow industry > strength, time ins > and outs and apply this scan....BINGO!!! > > p.s...I don't like SPAM either....lol > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > Name: Lois.xls > Lois.xls Type: Microsoft Excel Worksheet > (application/vnd.ms-excel) > Encoding: base64 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: Investor3000 Software (was: [CANSLIM] LNOP) Date: 02 Aug 2002 08:28:12 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0014_01C239FE.8A153FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Lois, This seems contradictory. If you are trading short term, then only = technicals matter. Fundamentals have little influence on moves of a few = days (except as short term reactions to news, earnings or otherwise) and = so selecting based on "psuedo" or partial CANSLIM characteristics seems = out of place. CANSLIM is an intermediate term trading/investing style, thus the more = comprehensive set of criteria that encompass both technical and = fundamental criteria. The bottom line is that the Investor3000 "picks" = may be fine for short term trading, but they make a poor mining list for = CANSLIM candidates.=20 Please don't misread me, I don't see any issue with trading in the short = term as a supplement to a CANSLIM trading style, as a wise investor will = have more than one trick up their sleeves. The main problem is that = short term/pure technical trading is not CANSLIM and is better left to = discussion on a short term trading board where the technical patterns, = entry/exit are set based on the appropriate timeframe and that = particular trading style. If we were to veer off into these discussions, = we would fill our inboxes with everything non-CANSLIM. I'd rather get = nothing from the CANSLIM list if there is nothing that fits current = market conditions than to get an inbox full of short term trading = tactics that don't add anything to my CANSLIM knowledgebase. Katherine ----- Original Message -----=20 From: Lois=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 8:01 AM Subject: Re: [CANSLIM] LNOP Gene, The software is very light and runs in the background while you do other things. It is intended for short-term trading with it's small list of daily stocks." he Investor3000 monitors every single company that beats earnings expectations, on a daily basis, and selects only the best of these stocks, based on momentum, volume, and earnings growth. = It is set to automatically scan for stocks with positive earnings surprises.=20 It starts with the "C" in CANSLIM. It then digs deeper, filtering for stocks with volume at least 50k or higher and quarterly earnings growth of at least = 20% over a three quarter period.=20 http://www.Investor-3000.com/strategy.html lol....you're missing out on $$$ seriously, I know you are looking for longer term stocks, but why not make money while waiting for them? This software isn't 100%, I haven't found any that is. I would like to find someone who is knowledgeble in TA to use these in combination for those BIG short term winners. > Gene Ricci wrote: >=20 > Lois, >=20 > I looked at about 30 of 'your' stocks and don't find much CANSLIM > among them. > See attached... not sure how the software developer claims to = identify > CANSLIM stocks..... what am I missing? >=20 >=20 >=20 > ----- Original Message ----- > From: Lois > To: canslim@lists.xmission.com > Sent: Thursday, August 01, 2002 5:04 PM > Subject: Re: [CANSLIM] LNOP >=20 > Gene, >=20 > Response from Investor 3000: >=20 > Hi Thanks for writing. >=20 > The Investor 3000 uses a variety of data sources to scan the > markets > then it uses Real Time, > and delayed quotes from Yahoo to see if the stocks are up > from > yesterdays close. >=20 > There is no monthly charge for data, just the one time fee > of $149.00 >=20 > There is also no trial version although the software come > with a 100% > satisfaction guarantee. >=20 > Try it as long as you like, we are confident that you will > like it. It > you decide its not for > you, just let us know for a full refund. Does that sound > fair? >=20 > Thanks for your interest in the Investor 3000. >=20 > Sincerely, > Doug@investing-systems.com >=20 > I have the parameters set as follows: >=20 > Timer is set to update every > 10mins.(5,10,15,20,30,60,120mins. avail.) > Stop loss & target price: 5% (set these at your own > discretion. Inv 3000 > suggest 7%) > Min. price: $1- (I know $10- is sugg., but times/mrkts. are > tough) > Min. vol.: 50k (50k,100k,200k,500k & 1M avail) > Search level: 4day (1,2,3,4 day search level avail.) >=20 > Need I remind you what the mrkts. did today vs. the Inv. > 3000 scan? > = http://finance.yahoo.com/q?s=3D%5Edji+%5Eixic+%5Endx+%5Egspc+&d=3Dv1 >=20 > = http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex+rgci+aiq+str+mesa+hg= r+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw+rah+elmg+sah+bsg+pcl= e+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+iaai+pwn+soi+drte+cpc= &d=3Dv1 >=20 > Symbol Company Name Last Sale Stop Loss Target Price > OSTE Osteotech, Inc. $8.70 $8.26 $9.13 > PRGX PRG-Schultz International Inc. $11.91 $11.31 $12.51 > IM INGRAM MICRO INC $12.14 $11.53 $12.75 > EGN ENERGEN CORP $24.72 $23.48 $25.96 > OTEX Open Text Corporation $20.75 $19.71 $21.79 > RGCI Regent Communications, Inc. $6.00 $5.70 $6.30 > AIQ ALLIANCE IMAGING INC $12.78 $12.14 $13.42 > STR QUESTAR CORP $23.05 $21.90 $24.20 > MESA Mesa Air Group, Inc. $7.35 $6.98 $7.72 > HGR HANGER ORTHOPEDIC GRP INC $11.92 $11.32 $12.52 > AFG AMERICAN FNCL GROUP INC $22.39 $21.27 $23.51 > ACAI Atlantic Coast Airlines Holdings, Inc. $16.10 $15.30 > $16.91 > SYY SYSCO CORP $27.21 $25.85 $28.57 > PMSI Prime Medical Services, Inc. $9.83 $9.34 $10.32 > VSH VISHAY INTERTECH INC $17.43 $16.56 $18.30 > AW ALLIED WASTE INDUSTRIES I $7.34 $6.97 $7.71 > PDX PEDIATRIX MEDICAL GRP INC $30.15 $28.64 $31.66 > CVS CVS Corporation $28.62 $27.19 $30.05 > TSAI Transaction Systems Architects , Inc. $9.64 $9.16 > $10.12 > EPN EL PASO ENERGY $33.09 $31.44 $34.74 > WFHC Women First HealthCare, Inc. $5.26 $5.00 $5.52 > ARW ARROW ELECTRONICS INC $17.09 $16.24 $17.94 > RAH RALCORP HOLDINGS INC $25.30 $24.03 $26.56 > ELMG EMS Technologies, Inc. $19.57 $18.59 $20.55 > SAH SONIC AUTOMOTIVE INC $20.02 $19.02 $21.02 > BSG B I S Y S GROUP INC $23.69 $22.51 $24.87 > PCLE Pinnacle Systems, Inc. $9.51 $9.03 $9.99 > CBR CIBER INC $5.76 $5.47 $6.05 > ROH Rohm and Haas Co $37.51 $35.63 $39.39 > SKYW SkyWest, Inc. $19.56 $18.58 $20.54 > ENDP Endo Pharmaceuticals Holdings Inc. $8.58 $8.15 $9.01 > HYSL Hyperion Solutions Corporation $21.79 $20.70 $22.88 > WDC WESTERN DIGITAL CORP $4.49 $4.27 $4.71 > WLM WELLMAN INC $14.60 $13.87 $15.33 > MNTR Mentor Corporation $32.60 $30.97 $34.23 > FTEK Fuel-Tech, N.V. $5.70 $5.41 $5.98 > RADS Radiant Systems, Inc. $7.91 $7.51 $8.31 > MRD MACDERMID INC $20.18 $19.17 $21.19 > IAAI Insurance Auto Auctions, Inc. $19.00 $18.05 $19.95 > PWN CASH AMERICA INTL INC $8.19 $7.78 $8.60 > SOI SOLUTIA INC $6.48 $6.16 $6.80 > DRTE Dendrite International, Inc. $5.69 $5.41 $5.97 > CPC CENTRAL PARKING CORP $21.14 $20.08 $22.20 >=20 > Now, if I could find someone that can follow industry > strength, time ins > and outs and apply this scan....BINGO!!! >=20 > p.s...I don't like SPAM either....lol >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 > Name: Lois.xls > Lois.xls Type: Microsoft Excel Worksheet > (application/vnd.ms-excel) > Encoding: base64 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0014_01C239FE.8A153FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Lois,
 
This seems contradictory. If you are trading short term, then only=20 technicals matter. Fundamentals have little influence on moves of a few = days=20 (except as short term reactions to news, earnings or otherwise) and so = selecting=20 based on "psuedo" or partial CANSLIM characteristics seems out of = place.
 
CANSLIM is an intermediate term trading/investing style, thus the = more=20 comprehensive set of criteria that encompass both technical and = fundamental=20 criteria. The bottom line is that the Investor3000 "picks" may be fine = for short=20 term trading, but they make a poor mining list for CANSLIM candidates. =
 
Please don't misread me, I don't see any issue with trading in the = short=20 term as a supplement to a CANSLIM trading style, as a wise investor will = have=20 more than one trick up their sleeves. The main problem is that short = term/pure=20 technical trading is not CANSLIM and is better left to discussion on a = short=20 term trading board where the technical patterns, entry/exit are set = based on the=20 appropriate timeframe and that particular trading style. If we were to = veer off=20 into these discussions, we would fill our inboxes with everything = non-CANSLIM.=20 I'd rather get nothing from the CANSLIM list if there is nothing that = fits=20 current market conditions than to get an inbox full of short term = trading=20 tactics that don't add anything to my CANSLIM knowledgebase.
 
Katherine
----- Original Message -----
From:=20 Lois
Sent: Friday, August 02, 2002 = 8:01=20 AM
Subject: Re: [CANSLIM] = LNOP

Gene,

    The software is very = light and=20 runs in=20 = the
           =      =20 background while you do other things. It=20 = is
           &= nbsp;    =20 intended for short-term trading with it's small=20 = list
           = ;     =20 of daily stocks."
he Investor3000 monitors every single company = that beats=20 = earnings
          &= nbsp;           &n= bsp;         =20 expectations, on a daily basis, and
selects only the best of=20 = these
          &nbs= p; =20 stocks, based on momentum, volume, and earnings growth. It
is set = to=20 automatically scan=20 = for
           =  =20 stocks with positive earnings surprises.=20 =

           = ; =20 It starts with the "C" in CANSLIM. It then digs deeper,
filtering = for=20 stocks with volume at=20 = least
          &nbs= p; =20 50k or higher and quarterly earnings growth of at least 20%
over a = three=20 quarter period.
http://www.Investor-3= 000.com/strategy.html
lol....you're=20 missing out on $$$
seriously, I know you are looking for longer = term=20 stocks, but why not
make money while waiting for them?
This = software=20 isn't 100%, I haven't found any that is. I would like to
find = someone who=20 is knowledgeble in TA to use these in combination for
those BIG = short term=20 winners.

> Gene Ricci wrote:
>
> Lois,
> =
>=20 I looked at about 30 of 'your' stocks and don't find much = CANSLIM
>=20 among them.
> See attached... not sure how the software = developer claims=20 to identify
> CANSLIM stocks..... what am I missing?
> =
>=20
>
>      ----- Original Message = -----
>      From:=20 Lois
>      To: canslim@lists.xmission.com=
>     =20 Sent: Thursday, August 01, 2002 5:04 = PM
>     =20 Subject: Re: [CANSLIM] LNOP
> =
>     =20 Gene,
> =
>         =20 Response from Investor 3000:
> =
>      Hi=20 Thanks for writing.
>
>      The = Investor 3000 uses a variety of data sources to scan=20 the
>     =20 markets
>      then it uses Real=20 Time,
>      and delayed quotes from = Yahoo to=20 see if the stocks are up
>     =20 from
>      yesterdays close.
>=20
>      There is no monthly charge for = data,=20 just the one time fee
>      of = $149.00
>=20
>      There is also no trial version = although=20 the software come
>      with a=20 100%
>      satisfaction = guarantee.
>=20
>      Try it as long as you like, we = are=20 confident that you will
>      like it. = It
>      you decide its not=20 for
>      you, just let us know for a = full=20 refund. Does that sound
>      = fair?
>=20
>      Thanks for your interest in the = Investor 3000.
>
>     =20 Sincerely,
>      Doug@investing-systems.com=
>=20
>      I have the parameters set as=20 follows:
>
>      Timer is set = to update=20 every
>      = 10mins.(5,10,15,20,30,60,120mins.=20 avail.)
>      Stop loss & target = price: 5%=20 (set these at your own
>      = discretion. Inv=20 3000
>      suggest=20 7%)
>      Min. price: $1- (I know $10- = is=20 sugg., but times/mrkts. are
>     =20 tough)
>      Min. vol.: 50k=20 (50k,100k,200k,500k & 1M = avail)
>     =20 Search level: 4day (1,2,3,4 day search level avail.)
>=20
>      Need I remind you what the = mrkts. did=20 today vs. the Inv.
>      3000=20 scan?
>      http://finance.yahoo.com/q?s=3D%5Edji+%5Eixic+%5Endx+%5Egspc+&am= p;d=3Dv1
>=20
>      http://finance.yahoo.com/q?s=3Doste+prgx+im+egn+otex= +rgci+aiq+str+mesa+hgr+afg+acai+syy+pmsi+vsh+aw+pdx+cvs+tsai+epn+wfhc+arw= +rah+elmg+sah+bsg+pcle+cbr+roh+skyw+endp+hysl+wdc+wlm+mntr+ftek+rads+mrd+= iaai+pwn+soi+drte+cpc&d=3Dv1
>=20
>        Symbol Company Name = Last=20 Sale Stop Loss Target = Price
>       =20 OSTE Osteotech, Inc. $8.70 $8.26=20 $9.13
>        PRGX = PRG-Schultz=20 International Inc. $11.91 $11.31=20 $12.51
>        IM INGRAM = MICRO INC=20 $12.14 $11.53 $12.75
>        = EGN=20 ENERGEN CORP $24.72 $23.48=20 $25.96
>        OTEX Open = Text=20 Corporation $20.75 $19.71=20 $21.79
>        RGCI Regent=20 Communications, Inc. $6.00 $5.70=20 $6.30
>        AIQ ALLIANCE = IMAGING=20 INC $12.78 $12.14 = $13.42
>        STR=20 QUESTAR CORP $23.05 $21.90=20 $24.20
>        MESA Mesa Air = Group,=20 Inc. $7.35 $6.98 = $7.72
>        HGR=20 HANGER ORTHOPEDIC GRP INC $11.92 $11.32=20 $12.52
>        AFG AMERICAN = FNCL=20 GROUP INC $22.39 $21.27=20 $23.51
>        ACAI Atlantic = Coast=20 Airlines Holdings, Inc. $16.10 = $15.30
>     =20 $16.91
>        SYY SYSCO = CORP $27.21=20 $25.85 $28.57
>        PMSI = Prime=20 Medical Services, Inc. $9.83 $9.34=20 $10.32
>        VSH VISHAY = INTERTECH=20 INC $17.43 $16.56 = $18.30
>        AW=20 ALLIED WASTE INDUSTRIES I $7.34 $6.97=20 $7.71
>        PDX PEDIATRIX = MEDICAL=20 GRP INC $30.15 $28.64 = $31.66
>       =20 CVS CVS Corporation $28.62 $27.19=20 $30.05
>        TSAI = Transaction=20 Systems Architects , Inc. $9.64 = $9.16
>     =20 $10.12
>        EPN EL PASO = ENERGY=20 $33.09 $31.44 $34.74
>        = WFHC=20 Women First HealthCare, Inc. $5.26 $5.00=20 $5.52
>        ARW ARROW = ELECTRONICS=20 INC $17.09 $16.24 = $17.94
>        RAH=20 RALCORP HOLDINGS INC $25.30 $24.03=20 $26.56
>        ELMG EMS=20 Technologies, Inc. $19.57 $18.59=20 $20.55
>        SAH SONIC = AUTOMOTIVE=20 INC $20.02 $19.02 = $21.02
>        BSG=20 B I S Y S GROUP INC $23.69 $22.51=20 $24.87
>        PCLE Pinnacle = Systems, Inc. $9.51 $9.03=20 $9.99
>        CBR CIBER INC = $5.76=20 $5.47 $6.05
>        ROH Rohm = and=20 Haas Co $37.51 $35.63 = $39.39
>       =20 SKYW SkyWest, Inc. $19.56 $18.58=20 $20.54
>        ENDP Endo=20 Pharmaceuticals Holdings Inc. $8.58 $8.15=20 $9.01
>        HYSL Hyperion=20 Solutions Corporation $21.79 $20.70=20 $22.88
>        WDC WESTERN = DIGITAL=20 CORP $4.49 $4.27 = $4.71
>        WLM=20 WELLMAN INC $14.60 $13.87=20 $15.33
>        MNTR Mentor=20 Corporation $32.60 $30.97=20 $34.23
>        FTEK = Fuel-Tech, N.V.=20 $5.70 $5.41 $5.98
>        = RADS=20 Radiant Systems, Inc. $7.91 $7.51=20 $8.31
>        MRD MACDERMID = INC=20 $20.18 $19.17 $21.19
>        = IAAI=20 Insurance Auto Auctions, Inc. $19.00 $18.05=20 $19.95
>        PWN CASH = AMERICA INTL=20 INC $8.19 $7.78 = $8.60
>        SOI=20 SOLUTIA INC $6.48 $6.16=20 $6.80
>        DRTE Dendrite=20 International, Inc. $5.69 $5.41=20 $5.97
>        CPC CENTRAL = PARKING=20 CORP $21.14 $20.08 $22.20
> =
>      Now,=20 if I could find someone that can follow=20 industry
>      strength, time=20 ins
>      and outs and apply this=20 scan....BINGO!!!
>
>      = p.s...I don't=20 like SPAM either....lol
>
>      = -
>      -To subscribe/unsubscribe, = email "majordomo@xmission.com"
>= ;     =20 -In the email body, write "subscribe canslim"=20 or
>      -"unsubscribe canslim".  = Do not=20 use quotes in your email.
>=20 =
>           = ;    =20 Name: Lois.xls
>    Lois.xls    = Type:=20 Microsoft Excel=20 = Worksheet
>         &n= bsp;           =20 = (application/vnd.ms-excel)
>      &nb= sp;    =20 Encoding: base64

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_0014_01C239FE.8A153FC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 08:36:41 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_001E_01C239FF.B9F21910 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Donald, I think you've actually hit on a key element of chart reading in = CANSLIM. That is, when there is a deep correction that undercuts the low = of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a brand new = 1st stage base as it nears its 52 wk high, in this case a double bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed growth in an = industry and/or company. (Assuming this is not a cyclical move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out yet and is = still working on the cup that it started back in March 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a real pro = and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The stock has = stellar fundamentals, but to this day, no one I have spoken with -- from = fellow investors to people at IBD -- have been able to describe what = kind of base it has produced. It has broken out of this "unknown" base = and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_001E_01C239FF.B9F21910 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Donald,
 
I think you've actually hit on a key element of chart reading in = CANSLIM.=20 That is, when there is a deep correction that undercuts the low of the = last=20 base, the base count is reset and you essentially "start fresh" with the = chart.=20 It's my understanding that this is why WON looks at formations as they = form over=20 the previous 52 wks. In the case of SIE, the base count was reset in '99 = when=20 the downside move passed below the last base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up a brand = new 1st=20 stage base as it nears its 52 wk high, in this case a double = bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed growth in = an=20 industry and/or company. (Assuming this is not a cyclical move)
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Friday, August 02, 2002 = 3:48=20 AM
Subject: Re: [CANSLIM] = Sometimes even the=20 Pros don't know

Katherine ---Maybe (tongue in cheek) = SIEt hasn't=20 broken out yet and is still working on the cup that it started back in = March=20 1998.---Donald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, August 01, = 2002 7:24=20 PM
Subject: [CANSLIM] Sometimes = even the=20 Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, a = real pro=20 and contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar = fundamentals, but to=20 this day, no one I have spoken with -- from fellow investors to = people at=20 IBD -- have been able to describe what kind of base it has = produced.=20 It has broken out of this "unknown" base and continues to push = higher for=20 the time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

 

------=_NextPart_000_001E_01C239FF.B9F21910-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: Investor3000 Software (was: [CANSLIM] LNOP) Date: 02 Aug 2002 08:43:12 -0500 Katherine, As you wish and no hard feelings. Lois - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 09:39:59 -0400 Tom===Your remarks about LLY are off-topic. You should take a little of your own advise --Donald ----- Original Message ----- Sent: Friday, August 02, 2002 8:51 AM > Larry, I will not attempt to figure out whether this group will do well in > the future, right now the group gets a D+, but who knows about a month or > two from now? > > On the other hand the chart is interesting. Kind of like the "lazy W" that > Katherine posted about a day or so ago. Latest low slightly higher than the > prior one, and latest high also slightly higher than the prior high. Has > been in a downtrend for some time, hence the low RS (72). However EPS > remains at 99, and forecasts this year and next are both over 20%. > > Broke thru its 50 dma nicely on volume. Now right at its 200 dma, likely to > have some resistance there and rest of the way up to mid 40s at least. I > have been seeing some action in this and related groups, was watching LLY to > buy some for a friend, missed a nice buy in the upper 40s, my CANSLIM > training held me back I guess, thought I had plenty of opportunity left to > get a cheap buy). > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Thursday, August 01, 2002 11:04 AM > Subject: [CANSLIM] canslim stocks > > > what about (TARO) ? the generic drugs should do will in this environment. > ----- Original Message ----- > From: > To: > Sent: Thursday, August 01, 2002 7:51 AM > Subject: Re: [CANSLIM] Cramer-off topic > > > > David, zillagirl: > > > > I remember in the 80's during the S&L scandals, the CEO of the chief > S&L that defrauded despositors was found guilty in court. But he had moved > many of his assets to Florida, and bought many more (including a horse > ranch)-and the Florida laws protected him. > > > > So, even though he was found guilty, he did not have to disgorge many > of his profits of his ill-gotten gains. > > > > jans > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > dougald@dmv.com writes: > > > > > I do not see how it is going to stop anyone from building a million > dollar > > > House. Unless,of course, something is done about Florida. As a matter > of > > > interest, iUnder the present law if you think you are about to go > bankrupt > > > you can always move to Florida ,where your home is immune > > > to the Bankruptcy > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 10:07:10 EDT --part1_5f.2aead1c2.2a7bec0e_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Donald, I just finished reading about 500 archived emails and you stand out. I have a site that might help you relieve some of your hostility. It's my understanding that you can challenge them 24/7. http://groups.yahoo.com/thegauntletlegends/ Tom, please keep up the good work. This group is extremely fortunate to be co-anchored by you and Ms. Katherine. kris --part1_5f.2aead1c2.2a7bec0e_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Donald, I just finished reading about 500 archived emails and you stand out. I have a site that might help you relieve some of your hostility. It's my understanding that you can challenge them 24/7.

http://groups.yahoo.com/thegauntletlegends/

Tom, please keep up the good work. This group is extremely fortunate to be co-anchored by you and Ms. Katherine.

kris --part1_5f.2aead1c2.2a7bec0e_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 10:14:45 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0018_01C23A0D.6D1C43F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine =3D =3D I didn't read your note about SIE before sending you = the one about the IBD Article leading me to conclude that SIE has a = Saucer-shaped Chart. And, I'm having dificulty trying to harmonize the = IBD Article and your remarks. If you can give me a little help here I'd = surely appreciate it.=3D=3D=3DDonald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading in = CANSLIM. That is, when there is a deep correction that undercuts the low = of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a brand new = 1st stage base as it nears its 52 wk high, in this case a double bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed growth in an = industry and/or company. (Assuming this is not a cyclical move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out yet and = is still working on the cup that it started back in March 1998.---Donald = ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a real = pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The stock = has stellar fundamentals, but to this day, no one I have spoken with -- = from fellow investors to people at IBD -- have been able to describe = what kind of base it has produced. It has broken out of this "unknown" = base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_0018_01C23A0D.6D1C43F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine =3D =3D  I didn't read = your note about=20 SIE before sending you the one about the IBD Article leading me to = conclude that=20 SIE has a  Saucer-shaped Chart.  And, I'm  having = dificulty=20 trying to harmonize the IBD Article and your remarks.  If you can = give me a=20 little help here I'd surely appreciate it.=3D=3D=3DDonald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, August 02, 2002 = 9:36=20 AM
Subject: Re: [CANSLIM] = Sometimes even the=20 Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart reading in = CANSLIM.=20 That is, when there is a deep correction that undercuts the low of the = last=20 base, the base count is reset and you essentially "start fresh" with = the=20 chart. It's my understanding that this is why WON looks at formations = as they=20 form over the previous 52 wks. In the case of SIE, the base count was = reset in=20 '99 when the downside move passed below the last base formed in = '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up a brand = new 1st=20 stage base as it nears its 52 wk high, in this case a double = bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed growth = in an=20 industry and/or company. (Assuming this is not a cyclical move)
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Friday, August 02, 2002 = 3:48=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Katherine ---Maybe (tongue in = cheek) SIEt=20 hasn't broken out yet and is still working on the cup that it = started back=20 in March 1998.---Donald
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Thursday, August 01, = 2002 7:24=20 PM
Subject: [CANSLIM] = Sometimes even the=20 Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, a = real pro=20 and contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar = fundamentals, but=20 to this day, no one I have spoken with -- from fellow investors to = people=20 at IBD -- have been able to describe what kind of base it = has=20 produced. It has broken out of this "unknown" base and continues = to push=20 higher for the time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_0018_01C23A0D.6D1C43F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] canslim stocks Date: 02 Aug 2002 07:18:29 -0700 Thank You for the link. I've already sent my comments to the paper. I hope the rest make their voices heard also. nancy ----- Original Message ----- Sent: Thursday, August 01, 2002 7:23 PM > Duke: > > It appears that the big bucks may be winning. > The headline story of the Detroit News of 01 August proclaimed: > "Senators give up on drug plan." > The link is: http://www.detnews.com/2002/politics/0208/01/a01-551287.htm > > > > ----- Original Message ----- > From: "Duke Miller" > To: > Sent: Thursday, August 01, 2002 10:08 PM > Subject: RE: [CANSLIM] canslim stocks > > > > Thank you, Lois, > > > > for the point about boomers coming of age. I found the sites you > > included most interesting. > > > > You hit my hot button, because, as you may know, I'm working on my > > "Boomer Babies" (companies that will appeal to boomers) that will in > > time make me rich! It's all based on the fact that, from the get-go, > > boomers will change things. As a "leading edge" boomer (my wife, four > > years my junior, insists I use that term) I'm testimony to that, because > > they've made my life very comfortable. > > > > Now, boomers are getting older (I know they hate to admit it), and who > > do you think is going to benefit most? You got it: older people, aka > > geriatric boomers. And what do older people need most? Drugs, medical > > care, places to retire, travel to take, not to mention places to be > > buried! And dare I omit sex? Do you think we'd have Viagra (the > > greatest legalized drug of all time, according to Hugh Hefner)if it > > weren't for the boomers? > > > > Now, who will soon be the biggest, best organized lobby (if it isn't > > already) in the world? AARP bay-beeeeeeee! (Darn, Austin Powers keeps > > slipping in). So I read my AARP Bulletin (they start sending it to you > > at age 50) regularly, looking for CANSLIM candidates (lest we get off > > topic!). The question is will AARP ever outweigh Pfizer, et al, in > > Congress? Hard to say, but there are an awful lot of votes in that there > > pipeline! > > > > Duke > > > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > > Sent: Thursday, August 01, 2002 7:01 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] canslim stocks > > > > > > Duke, > > > > I agree that money talks. > > > > I resigned from the nursing profession 9 yrs. ago. The majority of the > > patients were medicaid/medicare dependant(your tax dollars) which in > > turn means that generic drugs would be used over brand name drugs. Below > > you will find a LINK(lol) that will project the baby boomers coming of > > age. This clearly means that the healthcare/pharms/orthopedic co's will > > be booming also. http://www.census.gov/prod/2/pop/p25/p25-1131.pdf > > http://www.biospace.com/ > > > > I can go a little deeper with info re gov. officials that had/have their > > fingers stuck in the pie, but don't know if I should here, so I won't. > > > > > > > > Duke Miller wrote: > > > > > > Please note the usual operative phrase, paragraph 2: "...but it is > > > unclear whether it has the support to pass." This is a euphemism for, > > > > > "...it's clear the winner will be the boys with the bucks (read: drug > > > companies)." > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Lois > > > Sent: Thursday, August 01, 2002 2:23 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] canslim stocks > > > > > > Larry, http://www.newsmax.com/archives/articles/2002/7/31/151107.shtml > > > > > > Senate Passes Bill on Generic Drugs > > > > > > NewsMax.com Wires > > > Thursday, Aug. 1, 2002 > > > > > > WASHINGTON - The Senate passed a bill Wednesday > > > that could > > > make cheaper generic drugs more rapidly available > > > and save > > > consumers billions - or hamper development of > > > pharmaceuticals. > > > > > > A similar bill has been introduced in the House, > > > but it is unclear > > > whether it has the support to pass. > > > > > > The Senate bill, sponsored by Sens. Charles > > > Schumer, D-N.Y., and > > > John McCain, R-Ariz., attempts to curb lawsuits > > > filed by > > > brand-name drug manufacturers that claim a generic > > > drug infringes > > > upon their patent and automatically prevents the > > > generic from > > > coming to market for 30 months. > > > > > > Under the current system, drug manufacturers can > > > file multiple > > > patent infringement lawsuits, thereby keeping > > > generics off the > > > market for years. Meanwhile, the brand-name drug > > > continues to be > > > sold at a higher price. Generic versions of > > > brand-name drugs > > > typically result in a dramatic reduction in the > > > price of the drug but do > > > not advance pharmaceutical research. > > > > > > The Senate bill limits automatic 30-month stays to > > > patents the > > > brand name carries at the time it is approved. > > > Brand-name drug > > > manufacturers can still challenge infringement upon > > > > > patents that are > > > added after approval, but they must first get the > > > approval of a > > > judge. > > > > > > Republicans opposing the bill, including Sen. Judd > > > Gregg, R-N.H., > > > and brand-name drug companies maintained that the > > > bill would > > > reduce profits and the amount of money that could > > > be spent on > > > research and development. Ultimately, it would > > > stifle the > > > development of innovative new drugs, they said. > > > > > > "The only thing they have to worry about are weak > > > bogus patents ... > > > that they could not support before a judge," Ben > > > Peck, legislative > > > representative for the self-described consumer > > > advocacy group > > > Public Citizen, told United Press International. > > > > > > Sen. Robert Torricelli, D-N.J., reprimanded Tuesday > > > > > by the Senate > > > Ethics Committee, said the bill could reduce drug > > > costs by up to 65 > > > percent and save consumers $60 billion over the > > > next decade. > > > > > > Larry Worden wrote: > > > > > > > > what about (TARO) ? the generic drugs should do will in this > > > > environment. > > > > ----- Original Message ----- > > > > From: > > > > To: > > > > Sent: Thursday, August 01, 2002 7:51 AM > > > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > > > David, zillagirl: > > > > > > > > > > I remember in the 80's during the S&L scandals, the CEO of > > > > > the chief > > > > S&L that defrauded despositors was found guilty in court. But he > > > > had moved many of his assets to Florida, and bought many more > > > > (including a > > > > > > > horse ranch)-and the Florida laws protected him. > > > > > > > > > > So, even though he was found guilty, he did not have to > > > > > disgorge many > > > > of his profits of his ill-gotten gains. > > > > > > > > > > jans > > > > > > > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard > > > > > Time, > > > > dougald@dmv.com writes: > > > > > > > > > > > I do not see how it is going to stop anyone from building a > > > > > > million > > > > dollar > > > > > > House. Unless,of course, something is done about Florida. As a > > > > > > matter > > > > of > > > > > > interest, iUnder the present law if you think you are about to > > > > > > go > > > > bankrupt > > > > > > you can always move to Florida ,where your home is immune to > > > > > > the Bankruptcy Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > > > email body, write "subscribe canslim" or -"unsubscribe canslim". > > > > > Do > > > > > > > > not use quotes in your email. > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > > > > > not use quotes in your email. > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or -"unsubscribe > > > canslim". Do not use quotes in your email. > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or -"unsubscribe > > > canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Larry Worden" Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 07:21:03 -0700 Tom, thanks for the analysis. I do better with groups that are down with potential to go up, than groups that are up. (TARO D+) Does WON have any comparisons on stocks in a improving group, compared to top group stocks? I do not remember any reference in the book. I always look forward to the Weekend Weeview. thanks ----- Original Message ----- Sent: Friday, August 02, 2002 5:51 AM > Larry, I will not attempt to figure out whether this group will do well in > the future, right now the group gets a D+, but who knows about a month or > two from now? > > On the other hand the chart is interesting. Kind of like the "lazy W" that > Katherine posted about a day or so ago. Latest low slightly higher than the > prior one, and latest high also slightly higher than the prior high. Has > been in a downtrend for some time, hence the low RS (72). However EPS > remains at 99, and forecasts this year and next are both over 20%. > > Broke thru its 50 dma nicely on volume. Now right at its 200 dma, likely to > have some resistance there and rest of the way up to mid 40s at least. I > have been seeing some action in this and related groups, was watching LLY to > buy some for a friend, missed a nice buy in the upper 40s, my CANSLIM > training held me back I guess, thought I had plenty of opportunity left to > get a cheap buy). > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Thursday, August 01, 2002 11:04 AM > Subject: [CANSLIM] canslim stocks > > > what about (TARO) ? the generic drugs should do will in this environment. > ----- Original Message ----- > From: > To: > Sent: Thursday, August 01, 2002 7:51 AM > Subject: Re: [CANSLIM] Cramer-off topic > > > > David, zillagirl: > > > > I remember in the 80's during the S&L scandals, the CEO of the chief > S&L that defrauded despositors was found guilty in court. But he had moved > many of his assets to Florida, and bought many more (including a horse > ranch)-and the Florida laws protected him. > > > > So, even though he was found guilty, he did not have to disgorge many > of his profits of his ill-gotten gains. > > > > jans > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > dougald@dmv.com writes: > > > > > I do not see how it is going to stop anyone from building a million > dollar > > > House. Unless,of course, something is done about Florida. As a matter > of > > > interest, iUnder the present law if you think you are about to go > bankrupt > > > you can always move to Florida ,where your home is immune > > > to the Bankruptcy > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 10:25:21 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0028_01C23A0E.E81CCD30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable KrisFg=3D=3D=3DI have no hostility towards anyone. If there are rules = about discussing off-topic subjects they should apply to everyone. = Especially those who are outspoken about them. - donald ----- Original Message -----=20 From: KrisFg@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 10:07 AM Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Donald, I just finished reading about 500 archived emails and you = stand out. I have a site that might help you relieve some of your = hostility. It's my understanding that you can challenge them 24/7. http://groups.yahoo.com/thegauntletlegends/ Tom, please keep up the good work. This group is extremely fortunate = to be co-anchored by you and Ms. Katherine. kris=20 ------=_NextPart_000_0028_01C23A0E.E81CCD30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
KrisFg=3D=3D=3DI have no hostility = towards anyone. =20 If there are rules about discussing off-topic subjects they should apply = to=20 everyone. Especially those who are outspoken about them. - = donald
----- Original Message -----
From:=20 KrisFg@aol.com
Sent: Friday, August 02, 2002 = 10:07=20 AM
Subject: Re: TARO (was Re: = [CANSLIM]=20 canslim stocks)

Donald, I just finished reading about 500 = archived emails=20 and you stand out. I have a site that might help you relieve some of = your=20 hostility. It's my understanding that you can challenge them = 24/7.

http://groups.yahoo.= com/thegauntletlegends/

Tom,=20 please keep up the good work. This group is extremely fortunate to be=20 co-anchored by you and Ms. Katherine.

kris=20
------=_NextPart_000_0028_01C23A0E.E81CCD30-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 10:43:53 -0400 Larry, the only reference I can recall from the years was one of his people telling me to watch the top 100 groups, that even after a group made it into the top 40, they had only made, on average, one third of their overall move. ----- Original Message ----- Sent: Friday, August 02, 2002 10:21 AM Tom, thanks for the analysis. I do better with groups that are down with potential to go up, than groups that are up. (TARO D+) Does WON have any comparisons on stocks in a improving group, compared to top group stocks? I do not remember any reference in the book. I always look forward to the Weekend Weeview. thanks ----- Original Message ----- Sent: Friday, August 02, 2002 5:51 AM > Larry, I will not attempt to figure out whether this group will do well in > the future, right now the group gets a D+, but who knows about a month or > two from now? > > On the other hand the chart is interesting. Kind of like the "lazy W" that > Katherine posted about a day or so ago. Latest low slightly higher than the > prior one, and latest high also slightly higher than the prior high. Has > been in a downtrend for some time, hence the low RS (72). However EPS > remains at 99, and forecasts this year and next are both over 20%. > > Broke thru its 50 dma nicely on volume. Now right at its 200 dma, likely to > have some resistance there and rest of the way up to mid 40s at least. I > have been seeing some action in this and related groups, was watching LLY to > buy some for a friend, missed a nice buy in the upper 40s, my CANSLIM > training held me back I guess, thought I had plenty of opportunity left to > get a cheap buy). > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Thursday, August 01, 2002 11:04 AM > Subject: [CANSLIM] canslim stocks > > > what about (TARO) ? the generic drugs should do will in this environment. > ----- Original Message ----- > From: > To: > Sent: Thursday, August 01, 2002 7:51 AM > Subject: Re: [CANSLIM] Cramer-off topic > > > > David, zillagirl: > > > > I remember in the 80's during the S&L scandals, the CEO of the chief > S&L that defrauded despositors was found guilty in court. But he had moved > many of his assets to Florida, and bought many more (including a horse > ranch)-and the Florida laws protected him. > > > > So, even though he was found guilty, he did not have to disgorge many > of his profits of his ill-gotten gains. > > > > jans > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > dougald@dmv.com writes: > > > > > I do not see how it is going to stop anyone from building a million > dollar > > > House. Unless,of course, something is done about Florida. As a matter > of > > > interest, iUnder the present law if you think you are about to go > bankrupt > > > you can always move to Florida ,where your home is immune > > > to the Bankruptcy > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re:What is on-topic? (was: TARO ) Date: 02 Aug 2002 09:51:57 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0078_01C23A0A.3D7EF690 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi All, In fairness to Tom, I'm the one who's so outspoken about staying = on-topic. I'm sure most folks on the list belong to at least one or two = other email lists on a favored topic, so most are equally as sensitive = to the over-full inbox issue. There's always a fine line between what is CANSLIM related and what is = not and this is open to a wide spectrum of personal interpretation. As = this is a virtual community, it seems most critical that we keep the = threads from straying into politics, details on non-CANSLIM investing = styles, details on non-CANSLIM stocks (e.g., cyclicals, value stocks = with no growth characteristics, etc.), and people-bashing. However, if a = thread such as TARO speaks to the topic of CANSLIM but mentions another = stock in the same group, that's not veering off topic, but rather = showing an illustration of a CANSLIM principle, which is, you look to = strength in other players in the same industry. It's also become = apparent to me since becoming a member of this group that CANSLIM, while = based on core principles, is somewhat open to interpretation, and that = allows individuals to build a CANSLIM investing approach that fits their = personal preferences and risk tolerance. For example, Tom and Ian prefer = lower priced high-growth stocks that meet other CANSLIM characteristics. = Some prefer to invest only in top industries while others prefer rising = industries. The iterations are endless, but they all share a common = thread: high growth stocks with excellent fundamentals and appropriate = technicals for the intermediate term. So what *is* appropriate for discussion on the list? Here are a couple = of quotes from the welcome email that Jeff Salisbury, the list owner and = host, sends to each new member: "This is an unmoderated discussion group whose purpose is to provide a = forum for individuals to:=20 1.. Discuss the ideas and concepts of CANSLIM.=20 2.. Add to the concepts of CANSLIM from personal experience.=20 3.. Exchange sources of information on the internet and software that = can be used to select stocks using the CANSLIM methodology.=20 4.. Discuss specific equities and how they may or may not meet the = CANSLIM criteria. " "Anyone who resorts to rudeness, flaming, and personal attacks will be = removed from our group."=20 I'd also add that I always appreciate posts that add to the sense of = community, and in my mind that includes the welcome good-humored posts = that make you smile the entire day. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:25 AM Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) KrisFg=3D=3D=3DI have no hostility towards anyone. If there are rules = about discussing off-topic subjects they should apply to everyone. = Especially those who are outspoken about them. - donald ------=_NextPart_000_0078_01C23A0A.3D7EF690 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi All,
 
In fairness to Tom, I'm the one who's so outspoken about staying = on-topic.=20 I'm sure most folks on the list belong to at least one or two other = email lists=20 on a favored topic, so most are equally as sensitive to the over-full = inbox=20 issue.
 
There's always a fine line between what is CANSLIM related and what = is not=20 and this is open to a wide spectrum of personal interpretation. As this = is a=20 virtual community, it seems most critical that we keep the threads from = straying=20 into politics, details on non-CANSLIM investing styles, details on = non-CANSLIM=20 stocks (e.g., cyclicals, value stocks with no growth characteristics, = etc.),=20 and people-bashing. However, if a thread such as TARO speaks to the = topic=20 of CANSLIM but mentions another stock in the same group, that's not = veering off=20 topic, but rather showing an illustration of a CANSLIM principle, which = is, you=20 look to strength in other players in the same industry. It's also become = apparent to me since becoming a member of this group that CANSLIM, while = based=20 on core principles, is somewhat open to interpretation, and that allows=20 individuals to build a CANSLIM investing approach that fits their = personal=20 preferences and risk tolerance. For example, Tom and Ian prefer lower = priced=20 high-growth stocks that meet other CANSLIM characteristics. Some prefer = to=20 invest only in top industries while others prefer rising industries. The = iterations are endless, but they all share a common thread: high growth = stocks=20 with excellent fundamentals and appropriate technicals for the = intermediate=20 term.
 
So what *is* appropriate for discussion on the list? Here are = a couple=20 of quotes from the welcome email that Jeff Salisbury, the list = owner and=20 host, sends to each new member:
 
"This is an unmoderated discussion group whose purpose is to = provide a=20 forum for individuals to:
  1. Discuss the ideas and concepts of CANSLIM.=20
  2. Add to the concepts of CANSLIM from personal experience.=20
  3. Exchange sources of information on the internet and software that = can be=20 used to select stocks using the CANSLIM methodology.=20
  4. Discuss specific equities and how they may or may not meet the=20 CANSLIM criteria. "

"Anyone who resorts to rudeness, flaming, and personal attacks will = be=20 removed from our group."

I'd also add that I always appreciate posts that add to the sense of=20 community, and in my mind that includes the welcome good-humored posts = that make=20 you smile the entire day.

Katherine
 
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Friday, August 02, 2002 = 9:25=20 AM
Subject: Re: TARO (was Re: = [CANSLIM]=20 canslim stocks)

KrisFg=3D=3D=3DI have no hostility = towards=20 anyone.  If there are rules about discussing off-topic subjects = they=20 should apply to everyone. Especially those who are outspoken about = them. -=20 donald
------=_NextPart_000_0078_01C23A0A.3D7EF690-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 07:54:23 -0700 Does anyone know of a scan or site that shows canslim stocks improving. I've seen on the board a posting showing all the A stocks. I would like to see something similar but say showing all the B's in acc/dist that were C's kast month. Or all the A, in relative strength that were B's last month??? ----- Original Message ----- Sent: Friday, August 02, 2002 7:43 AM > Larry, the only reference I can recall from the years was one of his people > telling me to watch the top 100 groups, that even after a group made it into > the top 40, they had only made, on average, one third of their overall move. > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Friday, August 02, 2002 10:21 AM > Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) > > > Tom, thanks for the analysis. I do better with groups that are down with > potential to go up, than groups that are up. (TARO D+) Does WON have any > comparisons on stocks in a improving group, compared to top group stocks? I > do not remember any reference in the book. > I always look forward to the Weekend Weeview. thanks > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 02, 2002 5:51 AM > Subject: TARO (was Re: [CANSLIM] canslim stocks) > > > > Larry, I will not attempt to figure out whether this group will do well in > > the future, right now the group gets a D+, but who knows about a month or > > two from now? > > > > On the other hand the chart is interesting. Kind of like the "lazy W" that > > Katherine posted about a day or so ago. Latest low slightly higher than > the > > prior one, and latest high also slightly higher than the prior high. Has > > been in a downtrend for some time, hence the low RS (72). However EPS > > remains at 99, and forecasts this year and next are both over 20%. > > > > Broke thru its 50 dma nicely on volume. Now right at its 200 dma, likely > to > > have some resistance there and rest of the way up to mid 40s at least. I > > have been seeing some action in this and related groups, was watching LLY > to > > buy some for a friend, missed a nice buy in the upper 40s, my CANSLIM > > training held me back I guess, thought I had plenty of opportunity left to > > get a cheap buy). > > > > ----- Original Message ----- > > From: "Larry Worden" > > To: > > Sent: Thursday, August 01, 2002 11:04 AM > > Subject: [CANSLIM] canslim stocks > > > > > > what about (TARO) ? the generic drugs should do will in this environment. > > ----- Original Message ----- > > From: > > To: > > Sent: Thursday, August 01, 2002 7:51 AM > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > David, zillagirl: > > > > > > I remember in the 80's during the S&L scandals, the CEO of the > chief > > S&L that defrauded despositors was found guilty in court. But he had > moved > > many of his assets to Florida, and bought many more (including a horse > > ranch)-and the Florida laws protected him. > > > > > > So, even though he was found guilty, he did not have to disgorge > many > > of his profits of his ill-gotten gains. > > > > > > jans > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > > dougald@dmv.com writes: > > > > > > > I do not see how it is going to stop anyone from building a million > > dollar > > > > House. Unless,of course, something is done about Florida. As a matter > > of > > > > interest, iUnder the present law if you think you are about to go > > bankrupt > > > > you can always move to Florida ,where your home is immune > > > > to the Bankruptcy > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 10:02:45 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_008C_01C23A0B.BFDFC640 Content-Type: multipart/alternative; boundary="----=_NextPart_001_008D_01C23A0B.BFDFC640" ------=_NextPart_001_008D_01C23A0B.BFDFC640 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, I'm not a aware of a site that does this, as it would require use of the = O'Neil proprietary rankings, but the DGO has reports that show stocks = moving up in A/D, moving down, etc. Software such as = www.highgrowthstock.com has their own version of RS and = accumulation/distribution, but they are also a paid product. = www.TradingMarkets.com, also a paid site, calculates a 3, 6 and 12 month = RS and you can use their stockscanner to search for various combinations = of RS's (and other technicals). Here is a list of the reports DGO offers, though I don't know if the = links will work if you aren't logged in. Report Descriptions Use the following links to access descriptions for these = dailygraphs.com reports. =20 Accumulation/Distribution - NYSE/AMEX Stocks Moving Down =20 Accumulation/Distribution - NYSE/AMEX Stocks Moving Up =20 Accumulation/Distribution Rating - NASDAQ Stocks Moving Down =20 Accumulation/Distribution Rating - NASDAQ Stocks Moving Up =20 EPS Rating - Top 100 NASDAQ Stocks =20 EPS Rating - Top 100 NYSE/AMEX Stocks =20 EPS Rating - Top 30 Stocks with High Average Volume =20 Fastest Growing Companies - Top 100 NASDAQ=20 =20 Fastest Growing Companies - Top 100 NYSE/AMEX=20 =20 Printed Product - Daily Graphs Company Index =20 Printed Product - Investor's Business Daily Company Index =20 Printed Products - Stocks Added/Deleted to the Daily Graphs Books =20 Relative Strength Rating - Top 100 NASDAQ Stocks=20 =20 Relative Strength Rating - Top 100 NYSE/AMEX Stocks =20 Relative Strength Rating - Top 30 Stocks With High Average Volume =20 Short Interest Report - AMEX =20 Short Interest Report - NASDAQ =20 Short Interest Report - NYSE =20 Timeliness "A" Rated Stocks =20 Timeliness Rating - NASDAQ Stocks Moving Down =20 Timeliness Rating - NASDAQ Stocks Moving Up=20 =20 Timeliness Rating - NYSE/AMEX Stocks Moving Down =20 Timeliness Rating - NYSE/AMEX Stocks Moving Up =20 Top Industry Groups =20 Weekly New High Report =20 Weekly Report of Stocks Approaching or at New High =20 ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:54 AM Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Does anyone know of a scan or site that shows canslim stocks = improving. I've seen on the board a posting showing all the A stocks. I would = like to see something similar but say showing all the B's in acc/dist that = were C's kast month. Or all the A, in relative strength that were B's last = month??? ----- Original Message ----- From: "Tom Worley" To: Sent: Friday, August 02, 2002 7:43 AM Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) > Larry, the only reference I can recall from the years was one of his people > telling me to watch the top 100 groups, that even after a group made = it into > the top 40, they had only made, on average, one third of their = overall move. > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Friday, August 02, 2002 10:21 AM > Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) > > > Tom, thanks for the analysis. I do better with groups that are down = with > potential to go up, than groups that are up. (TARO D+) Does WON have = any > comparisons on stocks in a improving group, compared to top group = stocks? I > do not remember any reference in the book. > I always look forward to the Weekend Weeview. thanks > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 02, 2002 5:51 AM > Subject: TARO (was Re: [CANSLIM] canslim stocks) > > > > Larry, I will not attempt to figure out whether this group will do = well in > > the future, right now the group gets a D+, but who knows about a = month or > > two from now? > > > > On the other hand the chart is interesting. Kind of like the "lazy = W" that > > Katherine posted about a day or so ago. Latest low slightly higher = than > the > > prior one, and latest high also slightly higher than the prior = high. Has > > been in a downtrend for some time, hence the low RS (72). However = EPS > > remains at 99, and forecasts this year and next are both over 20%. > > > > Broke thru its 50 dma nicely on volume. Now right at its 200 dma, = likely > to > > have some resistance there and rest of the way up to mid 40s at = least. I > > have been seeing some action in this and related groups, was = watching LLY > to > > buy some for a friend, missed a nice buy in the upper 40s, my = CANSLIM > > training held me back I guess, thought I had plenty of opportunity = left to > > get a cheap buy). > > > > ----- Original Message ----- > > From: "Larry Worden" > > To: > > Sent: Thursday, August 01, 2002 11:04 AM > > Subject: [CANSLIM] canslim stocks > > > > > > what about (TARO) ? the generic drugs should do will in this environment. > > ----- Original Message ----- > > From: > > To: > > Sent: Thursday, August 01, 2002 7:51 AM > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > David, zillagirl: > > > > > > I remember in the 80's during the S&L scandals, the CEO of = the > chief > > S&L that defrauded despositors was found guilty in court. But he = had > moved > > many of his assets to Florida, and bought many more (including a = horse > > ranch)-and the Florida laws protected him. > > > > > > So, even though he was found guilty, he did not have to = disgorge > many > > of his profits of his ill-gotten gains. > > > > > > jans > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard = Time, > > dougald@dmv.com writes: > > > > > > > I do not see how it is going to stop anyone from building a = million > > dollar > > > > House. Unless,of course, something is done about Florida. As = a matter > > of > > > > interest, iUnder the present law if you think you are about to = go > > bankrupt > > > > you can always move to Florida ,where your home is immune > > > > to the Bankruptcy > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_008D_01C23A0B.BFDFC640 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy,
 
I'm not a aware of a site that does this, as it would require use = of the=20 O'Neil proprietary rankings, but the DGO has reports that show = stocks=20 moving up in A/D, moving down, etc. Software such as www.highgrowthstock.com has = their own=20 version of RS and accumulation/distribution, but they are also a paid = product.=20 www.TradingMarkets.com, = also a paid=20 site, calculates a 3, 6 and 12 month RS and you can use their = stockscanner=20 to search for various combinations of RS's (and other technicals).
 
 
Here is a list of the reports DGO offers, though I don't know = if the=20 links will work if you aren't logged in.
 

Report Descriptions

Use the=20 following links to access descriptions for these dailygraphs.com=20 reports.
3D""=20 =
Accumu= lation/Distribution=20 - NYSE/AMEX Stocks Moving Down
 
Accumu= lation/Distribution=20 - NYSE/AMEX Stocks Moving Up
 
Accumu= lation/Distribution=20 Rating - NASDAQ Stocks Moving Down
 
Accumu= lation/Distribution=20 Rating - NASDAQ Stocks Moving Up
 
EPS=20 Rating - Top 100 NASDAQ Stocks
 
EPS=20 Rating - Top 100 NYSE/AMEX Stocks
 
EPS=20 Rating - Top 30 Stocks with High Average = Volume
 
Fastes= t=20 Growing Companies - Top 100 NASDAQ
 
Fastes= t=20 Growing Companies - Top 100 NYSE/AMEX
 
Printe= d=20 Product - Daily Graphs Company Index
 
Printe= d=20 Product - Investor's Business Daily Company = Index
 
Printe= d=20 Products - Stocks Added/Deleted to the Daily Graphs=20 Books
 
Relati= ve=20 Strength Rating - Top 100 NASDAQ Stocks
 
Relati= ve=20 Strength Rating - Top 100 NYSE/AMEX Stocks
 
Relati= ve=20 Strength Rating - Top 30 Stocks With High Average=20 Volume
 
Short = Interest Report - AMEX
 
Short = Interest Report - NASDAQ
 
Short = Interest Report - NYSE
 
Timeli= ness=20 "A" Rated Stocks
 
Timeli= ness=20 Rating - NASDAQ Stocks Moving Down
 
Timeli= ness=20 Rating - NASDAQ Stocks Moving Up
 
Timeli= ness=20 Rating - NYSE/AMEX Stocks Moving Down
 
Timeli= ness=20 Rating - NYSE/AMEX Stocks Moving Up
 
Top=20 Industry Groups
 
Weekly= =20 New High Report
 
Weekly= =20 Report of Stocks Approaching or at New=20 High
----- Original Message -----
From:=20 zillagirl
Sent: Friday, August 02, 2002 = 9:54=20 AM
Subject: Re: TARO (was Re: = [CANSLIM]=20 canslim stocks)

Does anyone know of a scan or site that shows canslim = stocks=20 improving.
I've seen on the board a posting showing all the A = stocks. I=20 would like to
see something similar but say showing all the B's in=20 acc/dist  that were C's
kast month. Or all the A, in relative = strength=20 that were B's last month???
----- Original Message -----
From: = "Tom=20 Worley" <stkguru@bellsouth.net>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Friday, August 02, 2002 7:43 AM
Subject: Re: TARO (was Re: = [CANSLIM]=20 canslim stocks)


> Larry, the only reference I can recall = from=20 the years was one of his
people
> telling me to watch the top = 100=20 groups, that even after a group made it
into
> the top 40, = they had=20 only made, on average, one third of their = overall
move.
>
>=20 ----- Original Message -----
> From: "Larry Worden" <lworden@attbi.com>
> = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
>=20 Sent: Friday, August 02, 2002 10:21 AM
> Subject: Re: TARO (was = Re:=20 [CANSLIM] canslim stocks)
>
>
> Tom, thanks for the=20 analysis. I do better with groups that are down with
> potential = to go=20 up, than groups that are up. (TARO D+) Does WON have any
> = comparisons=20 on  stocks in a improving group, compared to top group=20 stocks?
I
> do not remember any reference in the=20 book.
>     I always look forward to the = Weekend=20 Weeview.  thanks
> ----- Original Message -----
> = Worley" <stkguru@bellsouth.net>
&g= t; To:=20 <canslim@lists.xmission.com= >
>=20 Sent: Friday, August 02, 2002 5:51 AM
> Subject: TARO (was Re: = [CANSLIM]=20 canslim stocks)
>
>
> > Larry, I will not attempt = to=20 figure out whether this group will do well
in
> > the = future,=20 right now the group gets a D+, but who knows about a = month
or
> >=20 two from now?
> >
> > On the other hand the chart is = interesting. Kind of like the "lazy W"
that
> > Katherine = posted=20 about a day or so ago. Latest low slightly higher than
> = the
>=20 > prior one, and latest high also slightly higher than the prior = high.=20 Has
> > been in a downtrend for some time, hence the low RS = (72).=20 However EPS
> > remains at 99, and forecasts this year and = next are=20 both over 20%.
> >
> > Broke thru its 50 dma nicely = on=20 volume. Now right at its 200 dma, likely
> to
> > have = some=20 resistance there and rest of the way up to mid 40s at least. I
> = >=20 have been seeing some action in this and related groups, was=20 watching
LLY
> to
> > buy some for a friend, missed = a nice=20 buy in the upper 40s, my CANSLIM
> > training held me back I = guess,=20 thought I had plenty of opportunity left
to
> > get a = cheap=20 buy).
> >
> > ----- Original Message -----
> = >=20 From: "Larry Worden" <lworden@attbi.com>
> = > To:=20 <canslim@lists.xmission.com= >
>=20 > Sent: Thursday, August 01, 2002 11:04 AM
> > Subject: = [CANSLIM]=20 canslim stocks
> >
> >
> > what about = (TARO)=20 ?  the generic drugs should do will in = this
environment.
> >=20 ----- Original Message -----
> > From: <Spencer48@aol.com>
> = > To:=20 <canslim@lists.xmission.com= >
>=20 > Sent: Thursday, August 01, 2002 7:51 AM
> > Subject: Re: = [CANSLIM] Cramer-off topic
> >
> >
> > > = David,=20 zillagirl:
> > >
> > = >      I=20 remember in the 80's during the S&L scandals, the CEO of = the
>=20 chief
> > S&L that defrauded despositors was found guilty = in=20 court.  But he had
> moved
> > many of his assets = to=20 Florida, and bought many more (including a horse
> > = ranch)-and the=20 Florida laws protected him.
> > >
> >=20 >      So, even though he was found = guilty, he did=20 not have to disgorge
> many
> > of his profits of his=20 ill-gotten gains.
> > >
> >=20 = >           &nb= sp;           &nbs= p;     =20 jans
> > >
> > >
> > > In a = message dated=20 Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time,
> > dougald@dmv.com writes:
> = >=20 >
> > > > I do not see how it is going to stop = anyone from=20 building a million
> > dollar
> > > > = House. =20 Unless,of course, something is done about Florida. As = a
matter
> >=20 of
> > > > interest, iUnder the present law if you = think you=20 are about to go
> > bankrupt
> > > > you  = can=20 always move to Florida ,where your home is immune
> > > = > to=20 the Bankruptcy
> > > > Laws.  For example  = O.J.=20 Simpson lives in Florida
> > >
> > >
> = >=20 >
> > > -
> > > -To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
>= ;=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 -"unsubscribe canslim".  Do not use quotes in your email.
> = >
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 -In the email body, write "subscribe canslim" or
> > = -"unsubscribe=20 canslim".  Do not use quotes in your email.
> >
>=20 >
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 -In the email body, write "subscribe canslim" or
> > = -"unsubscribe=20 canslim".  Do not use quotes in your email.
>=20 >
>
>
>
> -
> -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>
>
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_001_008D_01C23A0B.BFDFC640-- ------=_NextPart_000_008C_01C23A0B.BFDFC640 Content-Type: image/gif; name="px.gif" Content-Transfer-Encoding: base64 Content-Location: http://www.dailygraphs.com/dgohelp/px.gif R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== ------=_NextPart_000_008C_01C23A0B.BFDFC640-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: TARO (was Re: [CANSLIM] canslim stocks) Date: 02 Aug 2002 09:04:38 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_001A_01C23A03.A11EAC10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit There is also a software called investigator that shows the Delta RS, basically which stocks are moving up or down in RS rankings. Jeff Mills who made it is the same guy who built the Tradingmarkets scanner. The only site I can find that has it is http://www.moneymentor.com/sponsors/pinpoint.htm I am not sure what it costs but you can call them if you want. David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 02, 2002 9:03 AM To: canslim@lists.xmission.com Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Nancy, I'm not a aware of a site that does this, as it would require use of the O'Neil proprietary rankings, but the DGO has reports that show stocks moving up in A/D, moving down, etc. Software such as www.highgrowthstock.com has their own version of RS and accumulation/distribution, but they are also a paid product. www.TradingMarkets.com, also a paid site, calculates a 3, 6 and 12 month RS and you can use their stockscanner to search for various combinations of RS's (and other technicals). Here is a list of the reports DGO offers, though I don't know if the links will work if you aren't logged in. Report Descriptions Use the following links to access descriptions for these dailygraphs.com reports. Accumulation/Distribution - NYSE/AMEX Stocks Moving Down Accumulation/Distribution - NYSE/AMEX Stocks Moving Up Accumulation/Distribution Rating - NASDAQ Stocks Moving Down Accumulation/Distribution Rating - NASDAQ Stocks Moving Up EPS Rating - Top 100 NASDAQ Stocks EPS Rating - Top 100 NYSE/AMEX Stocks EPS Rating - Top 30 Stocks with High Average Volume Fastest Growing Companies - Top 100 NASDAQ Fastest Growing Companies - Top 100 NYSE/AMEX Printed Product - Daily Graphs Company Index Printed Product - Investor's Business Daily Company Index Printed Products - Stocks Added/Deleted to the Daily Graphs Books Relative Strength Rating - Top 100 NASDAQ Stocks Relative Strength Rating - Top 100 NYSE/AMEX Stocks Relative Strength Rating - Top 30 Stocks With High Average Volume Short Interest Report - AMEX Short Interest Report - NASDAQ Short Interest Report - NYSE Timeliness "A" Rated Stocks Timeliness Rating - NASDAQ Stocks Moving Down Timeliness Rating - NASDAQ Stocks Moving Up Timeliness Rating - NYSE/AMEX Stocks Moving Down Timeliness Rating - NYSE/AMEX Stocks Moving Up Top Industry Groups Weekly New High Report Weekly Report of Stocks Approaching or at New High ----- Original Message ----- From: zillagirl To: canslim@lists.xmission.com Sent: Friday, August 02, 2002 9:54 AM Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) Does anyone know of a scan or site that shows canslim stocks improving. I've seen on the board a posting showing all the A stocks. I would like to see something similar but say showing all the B's in acc/dist that were C's kast month. Or all the A, in relative strength that were B's last month??? ----- Original Message ----- From: "Tom Worley" To: Sent: Friday, August 02, 2002 7:43 AM Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) > Larry, the only reference I can recall from the years was one of his people > telling me to watch the top 100 groups, that even after a group made it into > the top 40, they had only made, on average, one third of their overall move. > > ----- Original Message ----- > From: "Larry Worden" > To: > Sent: Friday, August 02, 2002 10:21 AM > Subject: Re: TARO (was Re: [CANSLIM] canslim stocks) > > > Tom, thanks for the analysis. I do better with groups that are down with > potential to go up, than groups that are up. (TARO D+) Does WON have any > comparisons on stocks in a improving group, compared to top group stocks? I > do not remember any reference in the book. > I always look forward to the Weekend Weeview. thanks > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 02, 2002 5:51 AM > Subject: TARO (was Re: [CANSLIM] canslim stocks) > > > > Larry, I will not attempt to figure out whether this group will do well in > > the future, right now the group gets a D+, but who knows about a month or > > two from now? > > > > On the other hand the chart is interesting. Kind of like the "lazy W" that > > Katherine posted about a day or so ago. Latest low slightly higher than > the > > prior one, and latest high also slightly higher than the prior high. Has > > been in a downtrend for some time, hence the low RS (72). However EPS > > remains at 99, and forecasts this year and next are both over 20%. > > > > Broke thru its 50 dma nicely on volume. Now right at its 200 dma, likely > to > > have some resistance there and rest of the way up to mid 40s at least. I > > have been seeing some action in this and related groups, was watching LLY > to > > buy some for a friend, missed a nice buy in the upper 40s, my CANSLIM > > training held me back I guess, thought I had plenty of opportunity left to > > get a cheap buy). > > > > ----- Original Message ----- > > From: "Larry Worden" > > To: > > Sent: Thursday, August 01, 2002 11:04 AM > > Subject: [CANSLIM] canslim stocks > > > > > > what about (TARO) ? the generic drugs should do will in this environment. > > ----- Original Message ----- > > From: > > To: > > Sent: Thursday, August 01, 2002 7:51 AM > > Subject: Re: [CANSLIM] Cramer-off topic > > > > > > > David, zillagirl: > > > > > > I remember in the 80's during the S&L scandals, the CEO of the > chief > > S&L that defrauded despositors was found guilty in court. But he had > moved > > many of his assets to Florida, and bought many more (including a horse > > ranch)-and the Florida laws protected him. > > > > > > So, even though he was found guilty, he did not have to disgorge > many > > of his profits of his ill-gotten gains. > > > > > > jans > > > > > > > > > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time, > > dougald@dmv.com writes: > > > > > > > I do not see how it is going to stop anyone from building a million > > dollar > > > > House. Unless,of course, something is done about Florida. As a matter > > of > > > > interest, iUnder the present law if you think you are about to go > > bankrupt > > > > you can always move to Florida ,where your home is immune > > > > to the Bankruptcy > > > > Laws. For example O.J. Simpson lives in Florida > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_001A_01C23A03.A11EAC10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
There=20 is also a software called investigator that shows the Delta RS,  = basically=20 which stocks are moving up or down in RS rankings.  Jeff Mills who = made it=20 is the same guy who built the Tradingmarkets scanner.  The only = site I can=20 find that has it is http://www.mone= ymentor.com/sponsors/pinpoint.htm =20 I am not sure what it costs but you can call them if you=20 want.
 
David=20 Taggart
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Friday, August 02, 2002 9:03 AM
To:=20 canslim@lists.xmission.com
Subject: Re: TARO (was Re: = [CANSLIM]=20 canslim stocks)

Nancy,
 
I'm not a aware of a site that does this, as it would require use = of the=20 O'Neil proprietary rankings, but the DGO has reports that show = stocks=20 moving up in A/D, moving down, etc. Software such as www.highgrowthstock.com = has their=20 own version of RS and accumulation/distribution, but they are also a = paid=20 product. www.TradingMarkets.com,=20 also a paid site, calculates a 3, 6 and 12 month RS and you can = use their=20 stockscanner to search for various combinations of RS's (and other=20 technicals).
 
 
Here is a list of the reports DGO offers, though I don't = know if the=20 links will work if you aren't logged in.
 

Report Descriptions

Use the=20 following links to access descriptions for these dailygraphs.com = reports.
3D""=20 =
Accumu= lation/Distribution=20 - NYSE/AMEX Stocks Moving Down
 
Accumu= lation/Distribution=20 - NYSE/AMEX Stocks Moving Up
 
Accumu= lation/Distribution=20 Rating - NASDAQ Stocks Moving Down
 
Accumu= lation/Distribution=20 Rating - NASDAQ Stocks Moving Up
 
EPS=20 Rating - Top 100 NASDAQ Stocks
 
EPS=20 Rating - Top 100 NYSE/AMEX Stocks
 
EPS=20 Rating - Top 30 Stocks with High Average = Volume
 
Fastes= t=20 Growing Companies - Top 100 NASDAQ
 
Fastes= t=20 Growing Companies - Top 100 NYSE/AMEX
 
Printe= d=20 Product - Daily Graphs Company Index
 
Printe= d=20 Product - Investor's Business Daily Company = Index
 
Printe= d=20 Products - Stocks Added/Deleted to the Daily Graphs=20 Books
 
Relati= ve=20 Strength Rating - Top 100 NASDAQ Stocks
 
Relati= ve=20 Strength Rating - Top 100 NYSE/AMEX Stocks
 
Relati= ve=20 Strength Rating - Top 30 Stocks With High Average=20 Volume
 
Short = Interest Report - AMEX
 
Short = Interest Report - NASDAQ
 
Short = Interest Report - NYSE
 
Timeli= ness=20 "A" Rated Stocks
 
Timeli= ness=20 Rating - NASDAQ Stocks Moving Down
 
Timeli= ness=20 Rating - NASDAQ Stocks Moving Up
 
Timeli= ness=20 Rating - NYSE/AMEX Stocks Moving Down
 
Timeli= ness=20 Rating - NYSE/AMEX Stocks Moving Up
 
Top=20 Industry Groups
 
Weekly= =20 New High Report
 
Weekly= =20 Report of Stocks Approaching or at New=20 High
----- Original Message -----
From:=20 zillagirl
Sent: Friday, August 02, 2002 = 9:54=20 AM
Subject: Re: TARO (was Re: = [CANSLIM]=20 canslim stocks)

Does anyone know of a scan or site that shows canslim = stocks=20 improving.
I've seen on the board a posting showing all the A = stocks. I=20 would like to
see something similar but say showing all the B's = in=20 acc/dist  that were C's
kast month. Or all the A, in = relative=20 strength that were B's last month???
----- Original Message=20 -----
From: "Tom Worley" <stkguru@bellsouth.net>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Friday, August 02, 2002 7:43 AM
Subject: Re: TARO (was Re: = [CANSLIM]=20 canslim stocks)


> Larry, the only reference I can = recall from=20 the years was one of his
people
> telling me to watch the = top 100=20 groups, that even after a group made it
into
> the top 40, = they had=20 only made, on average, one third of their = overall
move.
>
>=20 ----- Original Message -----
> From: "Larry Worden" <lworden@attbi.com>
> = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
>=20 Sent: Friday, August 02, 2002 10:21 AM
> Subject: Re: TARO = (was Re:=20 [CANSLIM] canslim stocks)
>
>
> Tom, thanks for = the=20 analysis. I do better with groups that are down with
> = potential to go=20 up, than groups that are up. (TARO D+) Does WON have any
> = comparisons=20 on  stocks in a improving group, compared to top group=20 stocks?
I
> do not remember any reference in the=20 book.
>     I always look forward to the = Weekend=20 Weeview.  thanks
> ----- Original Message -----
> = "Tom Worley" <stkguru@bellsouth.net>
&g= t;=20 To: <canslim@lists.xmission.com= >
>=20 Sent: Friday, August 02, 2002 5:51 AM
> Subject: TARO (was Re: = [CANSLIM] canslim stocks)
>
>
> > Larry, I will = not=20 attempt to figure out whether this group will do well
in
> = > the=20 future, right now the group gets a D+, but who knows about a=20 month
or
> > two from now?
> >
> > On = the=20 other hand the chart is interesting. Kind of like the "lazy=20 W"
that
> > Katherine posted about a day or so ago. = Latest low=20 slightly higher than
> the
> > prior one, and latest = high=20 also slightly higher than the prior high. Has
> > been in a = downtrend for some time, hence the low RS (72). However EPS
> = >=20 remains at 99, and forecasts this year and next are both over = 20%.
>=20 >
> > Broke thru its 50 dma nicely on volume. Now right = at its=20 200 dma, likely
> to
> > have some resistance there = and rest=20 of the way up to mid 40s at least. I
> > have been seeing = some=20 action in this and related groups, was watching
LLY
> = to
>=20 > buy some for a friend, missed a nice buy in the upper 40s, my=20 CANSLIM
> > training held me back I guess, thought I had = plenty of=20 opportunity left
to
> > get a cheap buy).
> = >
>=20 > ----- Original Message -----
> > From: "Larry Worden" = <lworden@attbi.com>
> = > To:=20 <canslim@lists.xmission.com= >
>=20 > Sent: Thursday, August 01, 2002 11:04 AM
> > Subject:=20 [CANSLIM] canslim stocks
> >
> >
> > what = about=20 (TARO) ?  the generic drugs should do will in=20 this
environment.
> > ----- Original Message = -----
> >=20 From: <Spencer48@aol.com>
> = > To:=20 <canslim@lists.xmission.com= >
>=20 > Sent: Thursday, August 01, 2002 7:51 AM
> > Subject: = Re:=20 [CANSLIM] Cramer-off topic
> >
> >
> > = >=20 David, zillagirl:
> > >
> >=20 >      I remember in the 80's during the = S&L=20 scandals, the CEO of the
> chief
> > S&L that = defrauded=20 despositors was found guilty in court.  But he had
>=20 moved
> > many of his assets to Florida, and bought many = more=20 (including a horse
> > ranch)-and the Florida laws = protected=20 him.
> > >
> > = >      So,=20 even though he was found guilty, he did not have to disgorge
> = many
> > of his profits of his ill-gotten gains.
> = >=20 >
> >=20 = >           &nb= sp;           &nbs= p;     =20 jans
> > >
> > >
> > > In a = message=20 dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time,
> = > dougald@dmv.com writes:
> = >=20 >
> > > > I do not see how it is going to stop = anyone from=20 building a million
> > dollar
> > > > = House. =20 Unless,of course, something is done about Florida. As = a
matter
>=20 > of
> > > > interest, iUnder the present law if = you think=20 you are about to go
> > bankrupt
> > > > = you =20 can always move to Florida ,where your home is immune
> > = > >=20 to the Bankruptcy
> > > > Laws.  For = example  O.J.=20 Simpson lives in Florida
> > >
> > >
> = >=20 >
> > > -
> > > -To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
>= ;=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 >
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 > -In the email body, write "subscribe canslim" or
> >=20 -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 >
> >
> >
> >
> > -
> = > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 > -In the email body, write "subscribe canslim" or
> >=20 -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 >
>
>
>
> -
> -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>
>
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
------=_NextPart_000_001A_01C23A03.A11EAC10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 10:12:59 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00A3_01C23A0D.2DC7F460 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Donald, My comments below were to show how the base count restarts, rather than = looking back as far as 4 years ago at the chart and concluding that it = is a 4 year C&H. That means that the stock broke out of a fresh 1st base = August last year, and that the more recent action, for lack of a better = term "Lazy W" would be considered on its own, rather than as a part of = the 4 year pattern. That makes it a 2nd stage base. More specifically, the recent base doesn't meet the criteria for either = a C&H or the shallower Saucer & Handle because of that odd price peak in = the center of the formation. More than anything, take a look at the = volume pattern as the center of the LazyW forms, it's very high. = Normally in a C&H or S&H, the volume dries up at the bottom of the cup. = This is exactly the opposite, showing that SIE was trying desperately to = breakout, but was knocked back into its consolidation on high volume. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:14 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine =3D =3D I didn't read your note about SIE before sending = you the one about the IBD Article leading me to conclude that SIE has a = Saucer-shaped Chart. And, I'm having dificulty trying to harmonize the = IBD Article and your remarks. If you can give me a little help here I'd = surely appreciate it.=3D=3D=3DDonald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading in = CANSLIM. That is, when there is a deep correction that undercuts the low = of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a brand = new 1st stage base as it nears its 52 wk high, in this case a double = bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed growth in = an industry and/or company. (Assuming this is not a cyclical move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out yet = and is still working on the cup that it started back in March = 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a real = pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The stock = has stellar fundamentals, but to this day, no one I have spoken with -- = from fellow investors to people at IBD -- have been able to describe = what kind of base it has produced. It has broken out of this "unknown" = base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_00A3_01C23A0D.2DC7F460 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Donald,
 
My comments below were to show how the base count restarts, rather = than=20 looking back as far as 4 years ago at the chart and concluding that it = is a 4=20 year C&H. That means that the stock broke out of a fresh 1st base = August=20 last year, and that the more recent action, for lack of a = better term=20 "Lazy W" would be considered on its own, rather than as a part of the 4 = year=20 pattern. That makes it a 2nd stage base.
 
More specifically, the recent base doesn't meet the criteria for = either a=20 C&H or the shallower Saucer & Handle because of that odd price = peak in=20 the center of the formation. More than anything, take a look at the = volume=20 pattern as the center of the LazyW forms, it's very high. Normally in a = C&H=20 or S&H, the volume dries up at the bottom of the cup. This is = exactly the=20 opposite, showing that SIE was trying desperately to breakout, but was = knocked=20 back into its consolidation on high volume.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Friday, August 02, 2002 = 9:14=20 AM
Subject: Re: [CANSLIM] = Sometimes even the=20 Pros don't know

Katherine =3D =3D  I didn't read = your note about=20 SIE before sending you the one about the IBD Article leading me to = conclude=20 that SIE has a  Saucer-shaped Chart.  And, I'm  having=20 dificulty trying to harmonize the IBD Article and your remarks.  = If you=20 can give me a little help here I'd surely appreciate = it.=3D=3D=3DDonald=20
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, August 02, 2002 = 9:36=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart reading = in=20 CANSLIM. That is, when there is a deep correction that undercuts the = low of=20 the last base, the base count is reset and you essentially "start = fresh"=20 with the chart. It's my understanding that this is why WON looks at=20 formations as they form over the previous 52 wks. In the case of = SIE, the=20 base count was reset in '99 when the downside move passed below the = last=20 base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up a = brand new=20 1st stage base as it nears its 52 wk high, in this case a double=20 bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed growth = in an=20 industry and/or company. (Assuming this is not a cyclical = move)
 
Katherine
----- Original Message ----- =
From:=20 Donald = Wallker=20
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 3:48=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Katherine ---Maybe (tongue in = cheek) SIEt=20 hasn't broken out yet and is still working on the cup that it = started back=20 in March 1998.---Donald
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Thursday, August = 01, 2002=20 7:24 PM
Subject: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, a = real=20 pro and contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar = fundamentals,=20 but to this day, no one I have spoken with -- from fellow = investors to=20 people at IBD -- have been able to describe what kind of = base it=20 has produced. It has broken out of this "unknown" base and = continues to=20 push higher for the time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_00A3_01C23A0D.2DC7F460-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] re potential Canslim stocks Date: 02 Aug 2002 11:21:08 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0005_01C23A16.B3251A80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lois--In case you missed IBD included the following note about a = potential CANSLIM stock: Hyperion Solutions (HYSL) climbed 1.12 to 21.69 on fast turnover. The = business analysis software developer is building the right side of a = four-month base. It's 21% off its high.=20 Donald=20 ------=_NextPart_000_0005_01C23A16.B3251A80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lois--In case you missed IBD included = the following=20 note about a potential CANSLIM stock:

Hyperion Solutions (HYSL)=20 climbed 1.12 to 21.69 on fast turnover. The business analysis software = developer=20 is building the right side of a four-month base. It's 21% off its high. =

Donald

------=_NextPart_000_0005_01C23A16.B3251A80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 11:22:52 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000F_01C23A16.F09F2BD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine - - Thank you for the feedback ----Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 11:12 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, My comments below were to show how the base count restarts, rather = than looking back as far as 4 years ago at the chart and concluding that = it is a 4 year C&H. That means that the stock broke out of a fresh 1st = base August last year, and that the more recent action, for lack of a = better term "Lazy W" would be considered on its own, rather than as a = part of the 4 year pattern. That makes it a 2nd stage base. More specifically, the recent base doesn't meet the criteria for = either a C&H or the shallower Saucer & Handle because of that odd price = peak in the center of the formation. More than anything, take a look at = the volume pattern as the center of the LazyW forms, it's very high. = Normally in a C&H or S&H, the volume dries up at the bottom of the cup. = This is exactly the opposite, showing that SIE was trying desperately to = breakout, but was knocked back into its consolidation on high volume. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:14 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine =3D =3D I didn't read your note about SIE before sending = you the one about the IBD Article leading me to conclude that SIE has a = Saucer-shaped Chart. And, I'm having dificulty trying to harmonize the = IBD Article and your remarks. If you can give me a little help here I'd = surely appreciate it.=3D=3D=3DDonald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading in = CANSLIM. That is, when there is a deep correction that undercuts the low = of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a brand = new 1st stage base as it nears its 52 wk high, in this case a double = bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed growth in = an industry and/or company. (Assuming this is not a cyclical move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out yet = and is still working on the cup that it started back in March = 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a = real pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The = stock has stellar fundamentals, but to this day, no one I have spoken = with -- from fellow investors to people at IBD -- have been able to = describe what kind of base it has produced. It has broken out of this = "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_000F_01C23A16.F09F2BD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine - - Thank you for the = feedback ----Donald=20
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, August 02, 2002 = 11:12=20 AM
Subject: Re: [CANSLIM] = Sometimes even the=20 Pros don't know

Hi Donald,
 
My comments below were to show how the base count restarts, = rather than=20 looking back as far as 4 years ago at the chart and concluding that it = is a 4=20 year C&H. That means that the stock broke out of a fresh 1st base = August=20 last year, and that the more recent action, for lack of a = better=20 term "Lazy W" would be considered on its own, rather than as a part of = the 4=20 year pattern. That makes it a 2nd stage base.
 
More specifically, the recent base doesn't meet the criteria for = either a=20 C&H or the shallower Saucer & Handle because of that odd price = peak in=20 the center of the formation. More than anything, take a look at the = volume=20 pattern as the center of the LazyW forms, it's very high. Normally in = a=20 C&H or S&H, the volume dries up at the bottom of the cup. This = is=20 exactly the opposite, showing that SIE was trying desperately to = breakout, but=20 was knocked back into its consolidation on high volume.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Friday, August 02, 2002 = 9:14=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Katherine =3D =3D  I didn't = read your note=20 about SIE before sending you the one about the IBD Article leading = me to=20 conclude that SIE has a  Saucer-shaped Chart.  And, = I'm =20 having dificulty trying to harmonize the IBD Article and your = remarks. =20 If you can give me a little help here I'd surely appreciate = it.=3D=3D=3DDonald=20
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 9:36=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart reading = in=20 CANSLIM. That is, when there is a deep correction that undercuts = the low=20 of the last base, the base count is reset and you essentially = "start=20 fresh" with the chart. It's my understanding that this is why WON = looks at=20 formations as they form over the previous 52 wks. In the case of = SIE, the=20 base count was reset in '99 when the downside move passed below = the last=20 base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up a = brand new=20 1st stage base as it nears its 52 wk high, in this case a double=20 bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed = growth in an=20 industry and/or company. (Assuming this is not a cyclical = move)
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 3:48=20 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Katherine ---Maybe (tongue in = cheek) SIEt=20 hasn't broken out yet and is still working on the cup that it = started=20 back in March 1998.---Donald
----- Original Message ----- =
From:=20 Katherine Malm
To: canslim@lists.xmission.com= =20
Sent: Thursday, August = 01, 2002=20 7:24 PM
Subject: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, = a real=20 pro and contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar = fundamentals,=20 but to this day, no one I have spoken with -- from fellow = investors to=20 people at IBD -- have been able to describe what kind = of base=20 it has produced. It has broken out of this "unknown" base and=20 continues to push higher for the time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_000F_01C23A16.F09F2BD0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 11:48:08 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000A_01C23A1A.78523790 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine ---To help round out your remarks the following appeared in = today's Real Most Active column: On the upside, Sierra Health Services (SIE) followed through on = Wednesday's move, adding 0.75 to 23.50 on close to double daily trade. = The HMO has cleared a short four-week consolidation. -------Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 11:12 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, My comments below were to show how the base count restarts, rather = than looking back as far as 4 years ago at the chart and concluding that = it is a 4 year C&H. That means that the stock broke out of a fresh 1st = base August last year, and that the more recent action, for lack of a = better term "Lazy W" would be considered on its own, rather than as a = part of the 4 year pattern. That makes it a 2nd stage base. More specifically, the recent base doesn't meet the criteria for = either a C&H or the shallower Saucer & Handle because of that odd price = peak in the center of the formation. More than anything, take a look at = the volume pattern as the center of the LazyW forms, it's very high. = Normally in a C&H or S&H, the volume dries up at the bottom of the cup. = This is exactly the opposite, showing that SIE was trying desperately to = breakout, but was knocked back into its consolidation on high volume. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:14 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine =3D =3D I didn't read your note about SIE before sending = you the one about the IBD Article leading me to conclude that SIE has a = Saucer-shaped Chart. And, I'm having dificulty trying to harmonize the = IBD Article and your remarks. If you can give me a little help here I'd = surely appreciate it.=3D=3D=3DDonald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading in = CANSLIM. That is, when there is a deep correction that undercuts the low = of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a brand = new 1st stage base as it nears its 52 wk high, in this case a double = bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed growth in = an industry and/or company. (Assuming this is not a cyclical move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out yet = and is still working on the cup that it started back in March = 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a = real pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The = stock has stellar fundamentals, but to this day, no one I have spoken = with -- from fellow investors to people at IBD -- have been able to = describe what kind of base it has produced. It has broken out of this = "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_000A_01C23A1A.78523790 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine ---To help round out your = remarks the=20 following appeared in today's Real Most Active column:

On the upside, Sierra Health Services (SIE)=20 followed through on Wednesday's move, adding 0.75 to 23.50 on close to = double=20 daily trade. The HMO has cleared a short four-week=20 consolidation.

-------Donald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, August 02, 2002 = 11:12=20 AM
Subject: Re: [CANSLIM] = Sometimes even the=20 Pros don't know

Hi Donald,
 
My comments below were to show how the base count restarts, = rather than=20 looking back as far as 4 years ago at the chart and concluding that it = is a 4=20 year C&H. That means that the stock broke out of a fresh 1st base = August=20 last year, and that the more recent action, for lack of a = better=20 term "Lazy W" would be considered on its own, rather than as a part of = the 4=20 year pattern. That makes it a 2nd stage base.
 
More specifically, the recent base doesn't meet the criteria for = either a=20 C&H or the shallower Saucer & Handle because of that odd price = peak in=20 the center of the formation. More than anything, take a look at the = volume=20 pattern as the center of the LazyW forms, it's very high. Normally in = a=20 C&H or S&H, the volume dries up at the bottom of the cup. This = is=20 exactly the opposite, showing that SIE was trying desperately to = breakout, but=20 was knocked back into its consolidation on high volume.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Friday, August 02, 2002 = 9:14=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Katherine =3D =3D  I didn't = read your note=20 about SIE before sending you the one about the IBD Article leading = me to=20 conclude that SIE has a  Saucer-shaped Chart.  And, = I'm =20 having dificulty trying to harmonize the IBD Article and your = remarks. =20 If you can give me a little help here I'd surely appreciate = it.=3D=3D=3DDonald=20
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 9:36=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart reading = in=20 CANSLIM. That is, when there is a deep correction that undercuts = the low=20 of the last base, the base count is reset and you essentially = "start=20 fresh" with the chart. It's my understanding that this is why WON = looks at=20 formations as they form over the previous 52 wks. In the case of = SIE, the=20 base count was reset in '99 when the downside move passed below = the last=20 base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up a = brand new=20 1st stage base as it nears its 52 wk high, in this case a double=20 bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed = growth in an=20 industry and/or company. (Assuming this is not a cyclical = move)
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 3:48=20 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Katherine ---Maybe (tongue in = cheek) SIEt=20 hasn't broken out yet and is still working on the cup that it = started=20 back in March 1998.---Donald
----- Original Message ----- =
From:=20 Katherine Malm
To: canslim@lists.xmission.com= =20
Sent: Thursday, August = 01, 2002=20 7:24 PM
Subject: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, = a real=20 pro and contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar = fundamentals,=20 but to this day, no one I have spoken with -- from fellow = investors to=20 people at IBD -- have been able to describe what kind = of base=20 it has produced. It has broken out of this "unknown" base and=20 continues to push higher for the time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_000A_01C23A1A.78523790-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: RE: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 09:27:28 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0020_01C23A06.D21F5A00 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit here's my interpretation. If we have to make up a name for the pattern that sie is forming, maybe it is not really a sound base. I agree that sie at this moment seems to be a leader in this market, but the base that it formed is too deep to be considered a flat base, and it does not have the classic characteristics of a double bottom. To me it looks most like a base on base structure; with the first part from 4/30-6/19 - and the second part the most recent base - which was rather short. Hey the pattern may work, in which case ill add the lazy w to my list of charts to look for. But, in this market where breakouts are still not working why try to force it with a price structure that can be labeled suspect at best. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 02, 2002 8:13 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, My comments below were to show how the base count restarts, rather than looking back as far as 4 years ago at the chart and concluding that it is a 4 year C&H. That means that the stock broke out of a fresh 1st base August last year, and that the more recent action, for lack of a better term "Lazy W" would be considered on its own, rather than as a part of the 4 year pattern. That makes it a 2nd stage base. More specifically, the recent base doesn't meet the criteria for either a C&H or the shallower Saucer & Handle because of that odd price peak in the center of the formation. More than anything, take a look at the volume pattern as the center of the LazyW forms, it's very high. Normally in a C&H or S&H, the volume dries up at the bottom of the cup. This is exactly the opposite, showing that SIE was trying desperately to breakout, but was knocked back into its consolidation on high volume. Katherine ----- Original Message ----- From: Donald Wallker To: canslim@lists.xmission.com Sent: Friday, August 02, 2002 9:14 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine = = I didn't read your note about SIE before sending you the one about the IBD Article leading me to conclude that SIE has a Saucer-shaped Chart. And, I'm having dificulty trying to harmonize the IBD Article and your remarks. If you can give me a little help here I'd surely appreciate it.===Donald ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading in CANSLIM. That is, when there is a deep correction that undercuts the low of the last base, the base count is reset and you essentially "start fresh" with the chart. It's my understanding that this is why WON looks at formations as they form over the previous 52 wks. In the case of SIE, the base count was reset in '99 when the downside move passed below the last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg By August '01, you would then be looking at SIE to set up a brand new 1st stage base as it nears its 52 wk high, in this case a double bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed growth in an industry and/or company. (Assuming this is not a cyclical move) Katherine ----- Original Message ----- From: Donald Wallker To: canslim@lists.xmission.com Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out yet and is still working on the cup that it started back in March 1998.---Donald ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a real pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The stock has stellar fundamentals, but to this day, no one I have spoken with -- from fellow investors to people at IBD -- have been able to describe what kind of base it has produced. It has broken out of this "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg Katherine ------=_NextPart_000_0020_01C23A06.D21F5A00 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
here's=20 my interpretation.
 
If we=20 have to make up a name for the pattern that sie is forming, maybe it is = not=20 really a sound base.  I agree that sie at this moment seems to be a = leader=20 in this market, but the base that it formed is too deep to be=20 considered a flat base, and it does not have the classic characteristics = of a=20 double bottom.  To me it looks most like a base on base structure; = with the=20 first part from 4/30-6/19 - and the second part the most recent base - = which was=20 rather short.  Hey the pattern may work, in which case ill add the = lazy w=20 to my list of charts to look for.  But, in this market where = breakouts are=20 still not working why try to force it with a price structure that = can be=20 labeled suspect at best.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Friday, August 02, 2002 8:13 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Sometimes = even the=20 Pros don't know

Hi Donald,
 
My comments below were to show how the base count restarts, = rather than=20 looking back as far as 4 years ago at the chart and concluding that it = is a 4=20 year C&H. That means that the stock broke out of a fresh 1st base = August=20 last year, and that the more recent action, for lack of a = better=20 term "Lazy W" would be considered on its own, rather than as a part of = the 4=20 year pattern. That makes it a 2nd stage base.
 
More specifically, the recent base doesn't meet the criteria for = either a=20 C&H or the shallower Saucer & Handle because of that odd price = peak in=20 the center of the formation. More than anything, take a look at the = volume=20 pattern as the center of the LazyW forms, it's very high. Normally in = a=20 C&H or S&H, the volume dries up at the bottom of the cup. This = is=20 exactly the opposite, showing that SIE was trying desperately to = breakout, but=20 was knocked back into its consolidation on high volume.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Friday, August 02, 2002 = 9:14=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Katherine =3D =3D  I didn't = read your note=20 about SIE before sending you the one about the IBD Article leading = me to=20 conclude that SIE has a  Saucer-shaped Chart.  And, = I'm =20 having dificulty trying to harmonize the IBD Article and your = remarks. =20 If you can give me a little help here I'd surely appreciate = it.=3D=3D=3DDonald=20
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 9:36=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart reading = in=20 CANSLIM. That is, when there is a deep correction that undercuts = the low=20 of the last base, the base count is reset and you essentially = "start=20 fresh" with the chart. It's my understanding that this is why WON = looks at=20 formations as they form over the previous 52 wks. In the case of = SIE, the=20 base count was reset in '99 when the downside move passed below = the last=20 base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up a = brand new=20 1st stage base as it nears its 52 wk high, in this case a double=20 bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed = growth in an=20 industry and/or company. (Assuming this is not a cyclical = move)
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 3:48=20 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Katherine ---Maybe (tongue in = cheek) SIEt=20 hasn't broken out yet and is still working on the cup that it = started=20 back in March 1998.---Donald
----- Original Message ----- =
From:=20 Katherine Malm
To: canslim@lists.xmission.com= =20
Sent: Thursday, August = 01, 2002=20 7:24 PM
Subject: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, = a real=20 pro and contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar = fundamentals,=20 but to this day, no one I have spoken with -- from fellow = investors to=20 people at IBD -- have been able to describe what kind = of base=20 it has produced. It has broken out of this "unknown" base and=20 continues to push higher for the time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_0020_01C23A06.D21F5A00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] "Don't let A Shakeout Scare You" Date: 02 Aug 2002 07:17:48 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0047_01C239F4.B47EAF80 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Thanks Scott, you caused me to look at it again and I see what you mean. In fact, the day of the big move was only the 4th day in the handle, so it never met the 5 day handle rule, plus the drop to 20% of the pivot on the third day had already made the handle suspect. But I still don't understand which principles of their investment philosophy they were trying to illustrate. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Scott Gettis Sent: Thursday, August 01, 2002 11:22 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] "Don't let A Shakeout Scare You" from what it looks like to me there really was no handle in this base. The only opportunity to buy would have been on the day it gappped up to 20 on high volume. However, i doubt very many of us would have had the guts to do that since it lost almost 3 points the day before. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons Sent: Friday, August 02, 2002 1:56 AM To: canslim@lists.xmission.com Subject: [CANSLIM] "Don't let A Shakeout Scare You" Out here in Hawaii, I don't get IBD until 2 pm and its usually late in the evening before I get around to reading it, so I apologize for bringing up yesterdays news, but this Investor's Corner article (08/01/02) really has me puzzled. What lesson are we supposed to learn from it? Discussing TOO in 1999, they say it wasn't an ideal base because it lacked a handle. Then that the breakout lacked sufficient volume. From the graph in the paper, it looks as though the pivot was at about $19. Following that Greenspan threatened raising interest rates and the stock closed lower three days in a row on significantly above average volume, closing at its low for the day on the third day at about $15.25, or about 20% below the pivot (remember there's a sell rule at 8% below the buy price above the pivot) . Although my understanding of CANSLIM and its application is still in its infancy, I'd be surprized if any CANLIMmer was still in the stock at that point, and yet they seem to be saying that one should have hung on through the shakeout for a gain on the 4th day of 29%. However , they don't say how analysis of the chart would have led one to stay invested. I'm looking for enlightenment, can someone explain what I'm missing here? Aloha, Mike Gibbons http://www.proactech.com ------=_NextPart_000_0047_01C239F4.B47EAF80 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Thanks=20 Scott, you caused me to look at it again and I see what you mean. In = fact, the=20 day of the big move was only the 4th day in the handle, so it never met = the 5=20 day handle rule, plus the drop to 20% of the pivot on the third day had = already=20 made the handle suspect.
 
But I=20 still don't understand which principles of their investment philosophy = they were=20 trying to illustrate.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Scott=20 Gettis
Sent: Thursday, August 01, 2002 11:22 = PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] "Don't let = A=20 Shakeout Scare You"

from=20 what it looks like to me there really was no handle in this = base.  The=20 only opportunity to buy would have been on the day it gappped up to 20 = on high=20 volume.  However, i doubt very many of us would have had the guts = to do=20 that since it lost almost 3 points the day before.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike=20 Gibbons
Sent: Friday, August 02, 2002 1:56 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] "Don't let A = Shakeout Scare You"

Out here in=20 Hawaii, I don't get IBD until 2 pm and its usually late in the = evening=20 before I get around to reading it, so I apologize for bringing up = yesterdays=20 news, but this Investor's Corner article (08/01/02) really has = me=20 puzzled.
 
What lesson are=20 we supposed to learn from it? Discussing TOO in 1999, they say it = wasn't an=20 ideal base because it lacked a handle. Then that the breakout lacked = sufficient volume. From the graph in the paper, it looks as though = the pivot=20 was at about $19. Following that Greenspan threatened raising = interest rates=20 and the stock closed lower three days in a row on significantly = above=20 average volume, closing at its low for the day on the third day at = about=20 $15.25, or about 20% below the pivot (remember there's a sell rule = at 8%=20 below the buy price above the pivot) . Although my = understanding of=20 CANSLIM and its application is still in its infancy, I'd be = surprized if any=20 CANLIMmer was still in the stock at that point, and yet they seem to = be=20 saying that one should have hung on through the shakeout for a gain = on the=20 4th day of 29%. However , they don't say how analysis of the chart = would=20 have led one to stay invested.
 
I'm looking for=20 enlightenment, can someone explain what I'm missing=20 here?
 
Aloha,
Mike=20 Gibbons
------=_NextPart_000_0047_01C239F4.B47EAF80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] charts and patterns questions Date: 02 Aug 2002 13:41:48 -0500 All, When using charts to spot patterns, does it matter much if you use daily or weekly charts? I notice that in the stocks in the news section, they use weekly charts, and many times I will circle those that look like cwh patterns for later study. But sometime, when I look at a daily chart, the pattern seems to go away, or is much harder to spot. Also, is the pivot point the pivot point, regardless of which chart you look at? What I mean is, if a stock has a pivot on the weekly chart of say $15.10, does it have to have a breakout for the week of over $15.10 on higher than ave weekly volume, or is it still a valid b/o if it rises above $15.10 on any given day with higher than ave daily vol? Thanks for all the help, and have a great weekend Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] charts and patterns questions Date: 02 Aug 2002 12:47:32 -0600 You can use both. I look at weeklies but focus on dailies and enter on 5 min charts. Reading charts are an art so it really depends on your trading strategy. If you are using strict CANSLIM then it doesnt matter which chart you use because you will have a 5-7% stop. I prefer to put my stops underneath some support area. So it really depends on what you are comfortable with. Though if it is a good breakout it should be breaking out on both daily and weekly charts. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Friday, August 02, 2002 12:42 PM All, When using charts to spot patterns, does it matter much if you use daily or weekly charts? I notice that in the stocks in the news section, they use weekly charts, and many times I will circle those that look like cwh patterns for later study. But sometime, when I look at a daily chart, the pattern seems to go away, or is much harder to spot. Also, is the pivot point the pivot point, regardless of which chart you look at? What I mean is, if a stock has a pivot on the weekly chart of say $15.10, does it have to have a breakout for the week of over $15.10 on higher than ave weekly volume, or is it still a valid b/o if it rises above $15.10 on any given day with higher than ave daily vol? Thanks for all the help, and have a great weekend Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] re potential Canslim stocks Date: 02 Aug 2002 14:02:05 -0500 Donald, I noted that Inv.3000 picked up HYSL about a week ago for a fast move. Thank you and zillagirl.;-) > Donald Wallker wrote: > > Lois--In case you missed IBD included the following note about a > potential CANSLIM stock: > > Hyperion Solutions (HYSL) climbed 1.12 to 21.69 on fast turnover. The > business analysis software developer is building the right side of a > four-month base. It's 21% off its high. > > Donald - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] charts and patterns questions Date: 02 Aug 2002 12:18:23 -0700 Myself, I use weekly initially for the pattern identification as it smoothes out the bumps. I use the daily for plotting the pivot and sell points as one needs the detail. This also brings up the importance of also using logarithmic charts to put the advances and declines in true perspective. -Bill ----- Original Message ----- Sent: Friday, August 02, 2002 11:41 AM > All, > > When using charts to spot patterns, does it matter much if you use daily or > weekly charts? I notice that in the stocks in the news section, they use > weekly charts, and many times I will circle those that look like cwh > patterns for later study. But sometime, when I look at a daily chart, the > pattern seems to go away, or is much harder to spot. > > Also, is the pivot point the pivot point, regardless of which chart you > look at? What I mean is, if a stock has a pivot on the weekly chart of say > $15.10, does it have to have a breakout for the week of over $15.10 on > higher than ave weekly volume, or is it still a valid b/o if it rises above > $15.10 on any given day with higher than ave daily vol? > > Thanks for all the help, and have a great weekend > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] charts and patterns questions Date: 02 Aug 2002 14:26:37 -0500 That also makes me think about looking at the charts even closer. Sometime on the weekly charts, I have spotted what I thought looked like a nice cwh, but when I started to check the amount it corrected in the "cup" area, I notice that it is only 10-15%......isn't is supposed to be more like 25-35%? Would that make it more like a flat base, since it only has a 10-15% change? What is the criteria for a saucer with a handle? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Bill Triffet" cc: Sent by: Subject: Re: [CANSLIM] charts and patterns questions owner-canslim@lists.xm ission.com 08/02/2002 02:18 PM Please respond to canslim Myself, I use weekly initially for the pattern identification as it smoothes out the bumps. I use the daily for plotting the pivot and sell points as one needs the detail. This also brings up the importance of also using logarithmic charts to put the advances and declines in true perspective. -Bill ----- Original Message ----- Sent: Friday, August 02, 2002 11:41 AM > All, > > When using charts to spot patterns, does it matter much if you use daily or > weekly charts? I notice that in the stocks in the news section, they use > weekly charts, and many times I will circle those that look like cwh > patterns for later study. But sometime, when I look at a daily chart, the > pattern seems to go away, or is much harder to spot. > > Also, is the pivot point the pivot point, regardless of which chart you > look at? What I mean is, if a stock has a pivot on the weekly chart of say > $15.10, does it have to have a breakout for the week of over $15.10 on > higher than ave weekly volume, or is it still a valid b/o if it rises above > $15.10 on any given day with higher than ave daily vol? > > Thanks for all the help, and have a great weekend > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] charts and patterns questions Date: 02 Aug 2002 12:49:05 -0700 Funny you mention saucers. Check out today's Investor's Corner. Shows GE with a 27% dip in the saucer. http://www.investors.com/editorial/corner.asp?v=8/2 It only mentions that the dip of a saucer would be less than a cup. Perhaps HTMMIS has some values to look for. That said, maybe what your looking at is really just a good ol' flat base which is also a valid pattern to look for. -Bill ----- Original Message ----- Sent: Friday, August 02, 2002 12:26 PM > > That also makes me think about looking at the charts even closer. Sometime > on the weekly charts, I have spotted what I thought looked like a nice cwh, > but when I started to check the amount it corrected in the "cup" area, I > notice that it is only 10-15%......isn't is supposed to be more like > 25-35%? Would that make it more like a flat base, since it only has a > 10-15% change? > > What is the criteria for a saucer with a handle? > > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "Bill Triffet" > t> cc: > Sent by: Subject: Re: [CANSLIM] charts and patterns questions > owner-canslim@lists.xm > ission.com > > > 08/02/2002 02:18 PM > Please respond to > canslim > > > > > > > Myself, I use weekly initially for the pattern identification as it > smoothes > out the bumps. I use the daily for plotting the pivot and sell points as > one > needs the detail. This also brings up the importance of also using > logarithmic charts to put the advances and declines in true perspective. > > -Bill > ----- Original Message ----- > From: > To: > Sent: Friday, August 02, 2002 11:41 AM > Subject: [CANSLIM] charts and patterns questions > > > > All, > > > > When using charts to spot patterns, does it matter much if you use daily > or > > weekly charts? I notice that in the stocks in the news section, they use > > weekly charts, and many times I will circle those that look like cwh > > patterns for later study. But sometime, when I look at a daily chart, the > > pattern seems to go away, or is much harder to spot. > > > > Also, is the pivot point the pivot point, regardless of which chart you > > look at? What I mean is, if a stock has a pivot on the weekly chart of > say > > $15.10, does it have to have a breakout for the week of over $15.10 on > > higher than ave weekly volume, or is it still a valid b/o if it rises > above > > $15.10 on any given day with higher than ave daily vol? > > > > Thanks for all the help, and have a great weekend > > > > Mike > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Sometimes even the Pros don't know Date: 02 Aug 2002 16:07:54 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0043_01C23A3E.C5D9BDC0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Call it what you want; if you'd bought it on yesterday's breakout, you'd have just cashed in you 8% insurance policy this afternoon. Have a good weekend, all. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Thursday, August 01, 2002 9:36 PM I think we should call it the "Katherine Curve". If Katherine can define the parameters, I'll write the algorithm to recognize it. Mike -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Thursday, August 01, 2002 1:24 PM Hi All, Got a real kick out of this comment from Tim Truebenbach, a real pro and contributor to TradingMarkets.com: "Sierra Health (SIE ) hails from the leading HMO group. The stock has stellar fundamentals, but to this day, no one I have spoken with -- from fellow investors to people at IBD -- have been able to describe what kind of base it has produced. It has broken out of this "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg Katherine ------=_NextPart_000_0043_01C23A3E.C5D9BDC0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Call it what = you want; if=20 you'd bought it on yesterday's breakout, you'd have just cashed in you = 8%=20 insurance policy this afternoon.
 
Have a good = weekend,=20 all.
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mike Gibbons
Sent: Thursday, August 01, = 2002=20 9:36 PM
To: canslim@lists.xmission.com
Subject: = RE:=20 [CANSLIM] Sometimes even the Pros don't know

I=20 think we should call it the "Katherine Curve". If Katherine can define = the=20 parameters, I'll write the algorithm to recognize = it.
 
Mike
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Thursday, August 01, 2002 1:24 PM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] Sometimes = even the=20 Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim Truebenbach, a = real pro=20 and contributor to TradingMarkets.com:
 

"Sierra=20 Health (SIE)=20 hails from the leading HMO group. The stock has stellar = fundamentals, but to=20 this day, no one I have spoken with -- from fellow investors to = people at=20 IBD -- have been able to describe what kind of base it has = produced.=20 It has broken out of this "unknown" base and continues to push = higher for=20 the time being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

 

------=_NextPart_000_0043_01C23A3E.C5D9BDC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: [CANSLIM] Intraday Prices or Closing Prices? Date: 02 Aug 2002 18:31:42 -0400 Hello All, Have been re-reading the chart pattern lessons on Investors.com. It looks to me like all measurements are made based upon the absolute high or low price for a given day or week. It seems the closing price doesn't come to play. Is this a good generalization? If so, are there instances when the closing price is significant for some measurements? Many thanks, jg Jeffrey Gasta Telecommunications Engineering Marriott International Voice: 301.380.6204 Fax: 301.380.8649 jeff.gasta@marriott.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Intraday Prices or Closing Prices? Date: 02 Aug 2002 17:08:11 -0600 Most people myself included use the true Highs and Lows of the day for most chart stuff. I use High/Lows and Open/Close when I do daytrades but for Breakouts on dailies and weeklies I use the true High/Lows. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gasta, Jeffrey Sent: Friday, August 02, 2002 4:32 PM Hello All, Have been re-reading the chart pattern lessons on Investors.com. It looks to me like all measurements are made based upon the absolute high or low price for a given day or week. It seems the closing price doesn't come to play. Is this a good generalization? If so, are there instances when the closing price is significant for some measurements? Many thanks, jg Jeffrey Gasta Telecommunications Engineering Marriott International Voice: 301.380.6204 Fax: 301.380.8649 jeff.gasta@marriott.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] charts and patterns questions Date: 03 Aug 2002 08:19:07 -0400 Hi Michael, My favorite charts always were five year weekly log charts. I was always able to see patterns better in them. I find that linear weekly charts, such as DGO now has, distort the picture and are harder to read than linear daily charts. The pivot point should be consistent regardless of which type chart you use, however it can sometimes be more prominent and obvious on a daily chart. A daily chart can sometimes better show a weakness, such as a price spike without volume. A weekly chart might hide the fact that there was no volume on the spike if there had been volume on other days during the week. A weekly chart also hides the balance between up and down days. ----- Original Message ----- Sent: Friday, August 02, 2002 2:41 PM All, When using charts to spot patterns, does it matter much if you use daily or weekly charts? I notice that in the stocks in the news section, they use weekly charts, and many times I will circle those that look like cwh patterns for later study. But sometime, when I look at a daily chart, the pattern seems to go away, or is much harder to spot. Also, is the pivot point the pivot point, regardless of which chart you look at? What I mean is, if a stock has a pivot on the weekly chart of say $15.10, does it have to have a breakout for the week of over $15.10 on higher than ave weekly volume, or is it still a valid b/o if it rises above $15.10 on any given day with higher than ave daily vol? Thanks for all the help, and have a great weekend Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: [CANSLIM] Updated Acc/Dis charts available. Date: 03 Aug 2002 07:28:30 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_000C_01C23ABF.5DB67B80 Content-Type: multipart/alternative; boundary="----=_NextPart_001_000D_01C23ABF.5DBFA340" ------=_NextPart_001_000D_01C23ABF.5DBFA340 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit GlacierWe have posted to the website updated charts of the IBD Acc/Dis numbers. http://www.adrich.com/SI/Info/A's.htm ---- Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com ------=_NextPart_001_000D_01C23ABF.5DBFA340 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Glacier
We have posted to the website = updated charts=20 of the IBD Acc/Dis numbers.
 
http://www.adrich.com/SI/I= nfo/A's.htm
 
Fred Richards
 
Corruptisima republica plurimae leges.  [The more corrupt a = republic,=20 the more laws.]  - - Tacitus, Annuals III 27
 

 

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... Date: 03 Aug 2002 08:00:00 -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: ftp://ftp.xmission.com/pub/lists/canslim/archive/ 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 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gary A. Snyder" Subject: [CANSLIM] Market trend Date: 03 Aug 2002 10:19:27 -0400 All: I look at Market trend at MSN provided by Camelback Research Alliance, Inc. The trend has been getting progressively worse. On Tuesday July 30 everything turned to: out of favor- All sectors- All investment styles- Growth and Value- All size companies, the first time I have seen this posture. Imagine my surprise when I see today a major change in trend: All sectors but Public utilities and Tech now neutral, all sizes neutral and both investment styles neutral. Also get a market trend prediction from MarketEdge. The bottom line: With the DJIA staying above its previous intraday low a major change in market trend is predicted with the rating of Bearish -5 going to a bullish +5. Question: Have we seen a major trend reversal in the market this week? Can all the problems with Accounting, Terrorism, Overvaluations, Double dip recession and the Possibility Consumer spending slowing be ignored by the market for more than a week or two? Gary _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview Date: 03 Aug 2002 11:04:04 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00CD_01C23ADD.7B1D33D0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00CE_01C23ADD.7B1D33D0" ------=_NextPart_001_00CE_01C23ADD.7B1D33D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RECESSION REALLY HAPPENED!! It's official, the government has revised the GDP figures for year 2001 = (how come this is any different than a corporation revising its = financial accounting?? why aren't they hauled before Congress and = grilled as well??) and now confirm that we had three quarters of = economic contraction (negative growth, if you prefer the govt double = talk). Amazing that it took them this long to do the math, but they = have now decided that the four quarters of 2001, on an annual basis, = were minus 0.6% (from plus 1.3%), minus 1.6% (from plus 0.3%), and minus = 0.3% (from minus 1.3%). They left the 4th qtr unchanged at plus 2.7%, = maybe they will do something with that in a year or so. Makes you wonder = just have far we can trust current GDP reports and numbers. And these = are the people we trust not only to figure out what we owe in taxes, but = how to spend it as well!!!=20 Talk of a double dip into recession is also heating up, more economists = are now expecting that a Fed rate hike will not happen until next year, = most mentioned is second and third quarter. And Goldman Sachs, which was = the first to forecast (besides me, that is) unchanged rates the rest of = the year now expects a 75 basis point CUT by year end, most likely after = the August or Sept meeting. I wonder how many will actually benefit from = further rate cuts, my adjustable mortgage is already at the minimum, = can't go lower. And rates for new loans have not fallen as much as the = Feds already cut. With the Fed rate at 1.75% now, anybody seen credit = cards advertising rates under 5%?? ------- ECONOMICS - A BLEAK WEAK WEEK Conference Board says its Consumer Confidence Index fell more than = expected for July, ending at 97.1. Expectations were for a drop from = 106.3 to only 101.5. The Chicago NAPM Index dropped sharply to 51.5 in July from 58.2, well = under expectations of a drop to 56.7. The Chicago index is often a = barometer for the national ISM Index, which confirmed it Thursday with a = drop from 56.2 down to 50.5 (against an expectation of 55.0). It's not = contraction yet, but another month like this and it will be. It was a bad week for economics, and hopes for a swift, much less = strong, recovery. The first estimate of the GDP for second quarter came = in at a 1.1% annual growth rate, well below forecasts of 2.2 to 2.8%. = And First Quarter was revised down to 5.0% from 6.1%. One bright spot in = the Q2 report was a 2.9% growth in business spending on software = equipment, first gain since Q3 of 2000. Factory orders in June fell 2.4%, expected was a drop of 1.7%. Unemployment held steady at 5.9% as expected, however new jobs creation = was well under expectations of 60,000, with only 6,000 total. But this = would have been much better had the June report not been revised upward = by 30,000 jobs. And unemployment is a lagging indicator, with it = increasing typically during the first six months or so of a recovery = from recession, so guess we are doing better than the norms with any = jobs creation (how's that for the "glass half full" perspective, as long = as you are not one of the ones still unemployed??). Personal income in June rose 0.6% (ok, who got mine??) while personal = spending rose 0.5%. Other reports suggest increases were on non durable = goods, altho reports also show the consumer is still willing to spend on = the big ticket non durable goods merchandise. ------- "M" During July, more than 100 corporations announced stock buyback plans, = including MRK and HD, totaling over $43 billion dollars. This was the = second largest total for one month, only eclipsed by last September. WON = likes corp buybacks, and could be another sign of a bottom. Offsetting = this is an estimated $50 billion outflow from mutual funds during July, = as well as continued outflow of foreign investment money. The FRB Valuation Model, now becoming more popular because it includes = employee options costs, pegs stocks as 30% undervalued. And the DOW, = NYSE Composite, NYSE Financial, DJ Utilities (flight to safety??) and = S&P500 managed to end the week with a small gain, even while the NASDAQ = and Russell 2000 finished slightly lower for the week, and the SOX Index = continued down sharply. ------- WORLEY'S WATCHLIST WANNABES=20 This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, = as the name implies, only intended to identify some stocks with = constructive chart patterns that may be worth WATCHING and learning from = (and of course doing your own due diligence). I am employed in = Operations by a US Broker Dealer, however everything presented by me is = strictly my own ideas and in no way should be taken to reflect the views = or opinions of my employer. I typically list stocks with both RS and EPS ranking of 80 or better, = and try to exclude stocks undergoing any merger / acquisition / buyout = scenario. I no longer will actively consider earnings forecast for this = year and next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see, such as c&h, double (or triple) bottoms, or flat bases (shown as = Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left = Upper Right) even though it is not exactly a CANSLIM pattern. The population of stocks I am reviewing this weekend remains small and = weak. I used performance over the 50 dma throughout the week, and found = it gave a better picture than sticking only to stocks making new highs. ALAB - funnel pattern back to the flat base ANDE - holding up well, boring grain company with low forecasts, I let = this one go too soon!! APOL - double bottom AROW - extreme behaviour, excessive double bottom on an ascending base BLUD - LLUR, just keeps on pumping CTSH - channeling (draw a line along the highs and lows) DCOM - for learning only, failed double bottom pattern, below the center = point on volume DOCC - my only "gem" I own, building a high base possibly DORL - double bottom FCN - sloppy LLUR getting sloppier FSTW - consolidating, has not filled in the big gap up, in my VR Fund PORT - LLUR SBMC - nice double bottom, pivot approaching SSNC - consolidation, in my VR Fund Happy hunting, and good luck Tom Worley stkguru@bellsouth.net AIM: TexWorley ------=_NextPart_001_00CE_01C23ADD.7B1D33D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
RECESSION REALLY = HAPPENED!!
It's official, the government has revised the = GDP figures=20 for year 2001 (how come this is any different than a corporation = revising its=20 financial accounting?? why aren't they hauled before Congress and = grilled as=20 well??) and now confirm that we had three quarters of economic = contraction=20 (negative growth, if you prefer the govt double talk).  Amazing = that it=20 took them this long to do the math, but they have now decided that the = four=20 quarters of 2001, on an annual basis, were minus 0.6% (from plus 1.3%), = minus=20 1.6% (from plus 0.3%), and minus 0.3% (from minus 1.3%). They left the = 4th qtr=20 unchanged at plus 2.7%, maybe they will do something with that in a year = or so.=20 Makes you wonder just have far we can trust current GDP reports and = numbers. And=20 these are the people we trust not only to figure out what we owe in = taxes, but=20 how to spend it as well!!!
 
Talk of a double dip into recession is also = heating up,=20 more economists are now expecting that a Fed rate hike will not happen = until=20 next year, most mentioned is second and third quarter. And Goldman = Sachs, which=20 was the first to forecast (besides me, that is) unchanged rates the rest = of the=20 year now expects a 75 basis point CUT by year end, most likely after the = August=20 or Sept meeting. I wonder how many will actually benefit from further = rate cuts,=20 my adjustable mortgage is already at the minimum, can't go lower. And = rates for=20 new loans have not fallen as much as the Feds already cut. With the Fed = rate at=20 1.75% now, anybody seen credit cards advertising rates under 5%??
ECONOMICS - A BLEAK WEAK=20 WEEK
Conference Board says its Consumer Confidence = Index fell=20 more than expected for July, ending at 97.1. Expectations were for a = drop from=20 106.3 to only 101.5.
 
The Chicago NAPM Index dropped sharply to 51.5 = in July=20 from 58.2, well under expectations of a drop to 56.7. The Chicago index = is often=20 a barometer for the national ISM Index, which confirmed it Thursday with = a drop=20 from 56.2 down to 50.5 (against an expectation of 55.0). It's not = contraction=20 yet, but another month like this and it will be.
 
It was a bad week for economics, and = hopes for a=20 swift, much less strong, recovery. The first estimate of the GDP for = second=20 quarter came in at a 1.1% annual growth rate, well below forecasts of = 2.2 to=20 2.8%. And First Quarter was revised down to 5.0% from 6.1%. One bright = spot in=20 the Q2 report was a 2.9% growth in business spending on software = equipment,=20 first gain since Q3 of 2000.
 
Factory orders in June fell 2.4%, expected was a = drop of=20 1.7%.
 
Unemployment held steady at 5.9% as expected, = however new=20 jobs creation was well under expectations of 60,000, with only 6,000 = total. But=20 this would have been much better had the June report not been revised = upward by=20 30,000 jobs. And unemployment is a lagging indicator, with it increasing = typically during the first six months or so of a recovery from = recession, so=20 guess we are doing better than the norms with any jobs creation (how's = that for=20 the "glass half full" perspective, as long as you are not one of the = ones still=20 unemployed??).
 
Personal income in June rose 0.6% (ok, who got = mine??)=20 while personal spending rose 0.5%. Other reports suggest increases were = on non=20 durable goods, altho reports also show the consumer is still willing to = spend on=20 the big ticket non durable goods merchandise.
"M"
During July, more than 100 corporations announced stock buyback = plans,=20 including MRK and HD, totaling over $43 billion dollars. This was the = second=20 largest total for one month, only eclipsed by last September. WON likes = corp=20 buybacks, and could be another sign of a bottom. Offsetting this is an = estimated=20 $50 billion outflow from mutual funds during July, as well as continued = outflow=20 of foreign investment money.
 
The FRB Valuation Model, now becoming more popular because it = includes=20 employee options costs, pegs stocks as 30% undervalued. And the DOW, = NYSE=20 Composite, NYSE Financial, DJ Utilities (flight to safety??) and = S&P500=20 managed to end the week with a small gain, even while the NASDAQ=20 and Russell 2000 finished slightly lower for the week, and the SOX = Index=20 continued down sharply.
WORLEY'S WATCHLIST WANNABES=20
This list is in no way intended to recommend any = stocks to=20 the group. It is a part of my regular assessment of the health of = CANSLIM's "M"=20 and, as the name implies, only intended to identify some stocks with=20 constructive chart patterns that may be worth WATCHING and learning from = (and of=20 course doing your own due diligence). I am=20 employed in Operations by a US Broker Dealer, however everything = presented by me=20 is strictly my own ideas and in no way should be taken to reflect the = views or=20 opinions of my employer.
 
I typically list stocks with both RS and EPS = ranking of 80=20 or better, and try to exclude stocks undergoing any merger / acquisition = /=20 buyout scenario. I no longer will actively = consider earnings=20 forecast for this year and next due the confusing data presented by DGO. = I do no=20 other due diligence, that is your responsibility. I will note any = CANSLIM=20 patterns I see, such as c&h, double (or triple) bottoms, or flat = bases=20 (shown as Bx where "x" is the # of weeks, IMO). I will also note LLUR = (Lower=20 Left Upper Right) even though it is not exactly a CANSLIM = pattern.
 
The population of stocks I am reviewing this = weekend=20 remains small and weak. I used performance over the 50 dma throughout = the week,=20 and found it gave a better picture than sticking only to stocks making = new=20 highs.
 
ALAB - funnel pattern back to the flat base
ANDE - holding up well, boring grain company with low forecasts, I = let this=20 one go too soon!!
APOL - double bottom
AROW - extreme behaviour, excessive double bottom on an ascending=20 base
BLUD - LLUR, just keeps on pumping
CTSH - channeling (draw a line along the highs and lows)
DCOM - for learning only, failed double bottom pattern, below the = center=20 point on volume
DOCC - my only "gem" I own, building a high base possibly
DORL - double bottom
FCN - sloppy LLUR getting sloppier
FSTW - consolidating, has not filled in the big gap up, in my VR = Fund
PORT - LLUR
SBMC - nice double bottom, pivot approaching
SSNC - consolidation, in my VR Fund
 
Happy hunting, and good luck
 
3D""
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Market trend Date: 03 Aug 2002 11:11:31 -0400 Gary, I do not see a change yet in the market trend. Worse, for me at least, is that the disconnect between economics and market trend grew closer this week as a result of poor economic results. But I also don't get the sense that we have yet to get the sheer stark fear that the market will collapse, that might ultimately mark the bottom. ----- Original Message ----- Sent: Saturday, August 03, 2002 10:19 AM All: I look at Market trend at MSN provided by Camelback Research Alliance, Inc. The trend has been getting progressively worse. On Tuesday July 30 everything turned to: out of favor- All sectors- All investment styles- Growth and Value- All size companies, the first time I have seen this posture. Imagine my surprise when I see today a major change in trend: All sectors but Public utilities and Tech now neutral, all sizes neutral and both investment styles neutral. Also get a market trend prediction from MarketEdge. The bottom line: With the DJIA staying above its previous intraday low a major change in market trend is predicted with the rating of Bearish -5 going to a bullish +5. Question: Have we seen a major trend reversal in the market this week? Can all the problems with Accounting, Terrorism, Overvaluations, Double dip recession and the Possibility Consumer spending slowing be ignored by the market for more than a week or two? Gary _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 03 Aug 2002 07:30:12 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0035_01C23ABF.9A8A13A0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Scott, I would have to agree with your failing base on base pattern. Katherine, would it be better to consider staying with the classic = double bottom than trying to interpret a new lazy W pattern? Doesn't = this relate to how WON developed the CWH? Didn't He, Livermore and = others already explore these regions and shouldn't we learn from them, = or do we always question their results. I realize that we need to learn = from each other how to interpret these patterns. It's like trying to = explore too far off the beaten path, like a child getting too close to = the crumbling edge or using a 10% stop rule instead of an 8%. Is a lazy = W too close to the crumbling edge especially in this market? We are = told that these patterns are useful in a bull market. The bear pops up = on Thursday and Friday, then a pattern seems to fail and again reminds = us to get back on the path.. Again and again, the closer I stay to the = classic patterns, the less I am inclined to get into this market. = CANSLIM and WON's Technical's seem to be working for me by keeping me on = the sidelines until this market speaks to me in a clearer voice. John=20 ----- Original Message -----=20 From: Scott Gettis=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:27 AM Subject: RE: [CANSLIM] Sometimes even the Pros don't know here's my interpretation. If we have to make up a name for the pattern that sie is forming, = maybe it is not really a sound base. I agree that sie at this moment = seems to be a leader in this market, but the base that it formed is too = deep to be considered a flat base, and it does not have the classic = characteristics of a double bottom. To me it looks most like a base on = base structure; with the first part from 4/30-6/19 - and the second part = the most recent base - which was rather short. Hey the pattern may = work, in which case ill add the lazy w to my list of charts to look for. = But, in this market where breakouts are still not working why try to = force it with a price structure that can be labeled suspect at best. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 02, 2002 8:13 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, My comments below were to show how the base count restarts, rather = than looking back as far as 4 years ago at the chart and concluding that = it is a 4 year C&H. That means that the stock broke out of a fresh 1st = base August last year, and that the more recent action, for lack of a = better term "Lazy W" would be considered on its own, rather than as a = part of the 4 year pattern. That makes it a 2nd stage base. More specifically, the recent base doesn't meet the criteria for = either a C&H or the shallower Saucer & Handle because of that odd price = peak in the center of the formation. More than anything, take a look at = the volume pattern as the center of the LazyW forms, it's very high. = Normally in a C&H or S&H, the volume dries up at the bottom of the cup. = This is exactly the opposite, showing that SIE was trying desperately to = breakout, but was knocked back into its consolidation on high volume. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:14 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine =3D =3D I didn't read your note about SIE before = sending you the one about the IBD Article leading me to conclude that = SIE has a Saucer-shaped Chart. And, I'm having dificulty trying to = harmonize the IBD Article and your remarks. If you can give me a little = help here I'd surely appreciate it.=3D=3D=3DDonald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading in = CANSLIM. That is, when there is a deep correction that undercuts the low = of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a = brand new 1st stage base as it nears its 52 wk high, in this case a = double bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed growth = in an industry and/or company. (Assuming this is not a cyclical move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out = yet and is still working on the cup that it started back in March = 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, a = real pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The = stock has stellar fundamentals, but to this day, no one I have spoken = with -- from fellow investors to people at IBD -- have been able to = describe what kind of base it has produced. It has broken out of this = "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_0035_01C23ABF.9A8A13A0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Scott,
 
I would have to agree with your failing = base on=20 base pattern.
 
Katherine, would it be better to = consider staying=20 with the classic double bottom than trying to interpret a new lazy W=20 pattern?  Doesn't this relate to how WON developed the CWH?  = Didn't=20 He, Livermore and others already explore these regions and shouldn't we = learn=20 from them, or do we always question their results.  I realize that = we need=20 to learn from each other how to interpret these patterns.  It's = like trying=20 to explore too far off the beaten path,  like a child getting too = close to=20 the crumbling edge or using a 10% stop rule instead of an 8%.  Is=20 a lazy W too close to the crumbling edge especially in this = market? =20 We are told that these patterns are useful in a bull = market.  The bear=20 pops up on Thursday and Friday, then a pattern seems to fail and again = reminds=20 us to get back on the path..  Again and again, the closer I stay to = the=20 classic patterns, the less I am inclined to get into this market.  = CANSLIM=20 and WON's Technical's seem to be working for me by keeping me = on the=20 sidelines until this market speaks to me in a clearer = voice.
 
John
 
 
----- Original Message -----
From:=20 Scott = Gettis=20
Sent: Friday, August 02, 2002 = 9:27=20 AM
Subject: RE: [CANSLIM] = Sometimes even the=20 Pros don't know

here's my interpretation.
 
If=20 we have to make up a name for the pattern that sie is forming, maybe = it is not=20 really a sound base.  I agree that sie at this moment seems to be = a=20 leader in this market, but the base that it formed is too = deep to be=20 considered a flat base, and it does not have the classic = characteristics of a=20 double bottom.  To me it looks most like a base on base = structure; with=20 the first part from 4/30-6/19 - and the second part the most recent = base -=20 which was rather short.  Hey the pattern may work, in which case = ill add=20 the lazy w to my list of charts to look for.  But, in this market = where=20 breakouts are still not working why try to force it with a price=20 structure that can be labeled suspect at best.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Friday, August 02, 2002 8:13 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi Donald,
 
My comments below were to show how the base count restarts, = rather than=20 looking back as far as 4 years ago at the chart and concluding that = it is a=20 4 year C&H. That means that the stock broke out of a fresh 1st = base=20 August last year, and that the more recent action, for = lack of a=20 better term "Lazy W" would be considered on its own, rather than as = a part=20 of the 4 year pattern. That makes it a 2nd stage base.
 
More specifically, the recent base doesn't meet the criteria = for either=20 a C&H or the shallower Saucer & Handle because of that odd = price=20 peak in the center of the formation. More than anything, take a look = at the=20 volume pattern as the center of the LazyW forms, it's very high. = Normally in=20 a C&H or S&H, the volume dries up at the bottom of the cup. = This is=20 exactly the opposite, showing that SIE was trying desperately to = breakout,=20 but was knocked back into its consolidation on high volume.
 
Katherine
----- Original Message ----- =
From:=20 Donald = Wallker=20
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 9:14=20 AM
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Katherine =3D =3D  I didn't = read your note=20 about SIE before sending you the one about the IBD Article leading = me to=20 conclude that SIE has a  Saucer-shaped Chart.  And, = I'm =20 having dificulty trying to harmonize the IBD Article and your=20 remarks.  If you can give me a little help here I'd surely = appreciate=20 it.=3D=3D=3DDonald
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 9:36=20 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart = reading in=20 CANSLIM. That is, when there is a deep correction that undercuts = the low=20 of the last base, the base count is reset and you essentially = "start=20 fresh" with the chart. It's my understanding that this is why = WON looks=20 at formations as they form over the previous 52 wks. In the case = of SIE,=20 the base count was reset in '99 when the downside move passed = below the=20 last base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up a = brand=20 new 1st stage base as it nears its 52 wk high, in this case a = double=20 bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed = growth in=20 an industry and/or company. (Assuming this is not a cyclical = move)
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August = 02, 2002=20 3:48 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Katherine ---Maybe (tongue in = cheek) SIEt=20 hasn't broken out yet and is still working on the cup that it = started=20 back in March 1998.---Donald
----- Original Message ----- =
From:=20 Katherine Malm =
To: canslim@lists.xmission.com= =20
Sent: Thursday, = August 01, 2002=20 7:24 PM
Subject: [CANSLIM] = Sometimes=20 even the Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim = Truebenbach, a=20 real pro and contributor to TradingMarkets.com:
 

"Sierra Health (SIE)=20 hails from the leading HMO group. The stock has stellar=20 fundamentals, but to this day, no one I have spoken with -- = from=20 fellow investors to people at IBD -- have been able = to=20 describe what kind of base it has produced. It has broken = out of=20 this "unknown" base and continues to push higher for the = time=20 being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_0035_01C23ABF.9A8A13A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 03 Aug 2002 10:49:35 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0044_01C23ADB.74D79710 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Hi John, It seems the whole concept of the "Lazy W" has gotten way beyond my = intent....so let me backtrack.=20 My original post and the comment I was making to begin with was simply = "sometimes even the pros don't know." That is, I thought it amusing that = Tim Truebenbach and the IBD could not identify the pattern and emailed = Tim with the same sentiment. (He also got a kick out of the silly = pattern.) My labeling it a Lazy W was only meant as an observation of = what it looked like to me and a tongue-in-cheek naming of a "pattern" = that wasn't really a pattern. It was never my intention to read anything = into it. Somehow, in discussing the technical aspects of what *was* = going on with SIE, the offhand comment became something it was not. In summary: (1) SIE's base count was reset when the stock dropped well below the = lows of the last base in it's advance in late '98. (2) SIE broke out of a new 1st base in August '01. (3) I have no idea what pattern it formed recently, but it did seem to = defy odds and move out on volume, only to fail later. (4) I never intended to read anything into what was happening with it, = nor to devise a "new" pattern for the history books [though if Lazy W = shows up in Bulkowski's next book, I'm claiming credit! :))]. I'm as = party-line CANSLIM as they come and would be the last one to start = making new rules to follow. (5) Whatever "pattern" SIE was tracing, it failed when it fell back into = its consolidation on Friday. That's shouldn't be at all surprising, = given that so few stocks are setting up and breaking out in conjunction = with the recent FTD. The whole point of Tim's view of SIE in his article = was that the few stocks that are moving right now have distorted = patterns, and that increases the risk. (6) It's never a good idea in my book to jump on the first couple of = stocks that breakout in a fresh advance. I prefer to monitor them and = see how they behave and then look for additional stocks to breakout of = sound basing patterns and move up before I bet the farm. It's a = conservative approach, but one that matches risk/reward in a sensible = manner. (7) Right now, after recently clearing the deck, I've got 1 short and 2 = long probes. That usually happens only when the market is groping for = direction. As it becomes more apparent, I press in the direction of, as = Dave Landry calls it, "the big blue arrow" (metaphor for major market = trend). Katherine ----- Original Message -----=20 From: John Calkins=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 9:30 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Scott, I would have to agree with your failing base on base pattern. Katherine, would it be better to consider staying with the classic = double bottom than trying to interpret a new lazy W pattern? Doesn't = this relate to how WON developed the CWH? Didn't He, Livermore and = others already explore these regions and shouldn't we learn from them, = or do we always question their results. I realize that we need to learn = from each other how to interpret these patterns. It's like trying to = explore too far off the beaten path, like a child getting too close to = the crumbling edge or using a 10% stop rule instead of an 8%. Is a lazy = W too close to the crumbling edge especially in this market? We are = told that these patterns are useful in a bull market. The bear pops up = on Thursday and Friday, then a pattern seems to fail and again reminds = us to get back on the path.. Again and again, the closer I stay to the = classic patterns, the less I am inclined to get into this market. = CANSLIM and WON's Technical's seem to be working for me by keeping me on = the sidelines until this market speaks to me in a clearer voice. John=20 ----- Original Message -----=20 From: Scott Gettis=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:27 AM Subject: RE: [CANSLIM] Sometimes even the Pros don't know here's my interpretation. If we have to make up a name for the pattern that sie is forming, = maybe it is not really a sound base. I agree that sie at this moment = seems to be a leader in this market, but the base that it formed is too = deep to be considered a flat base, and it does not have the classic = characteristics of a double bottom. To me it looks most like a base on = base structure; with the first part from 4/30-6/19 - and the second part = the most recent base - which was rather short. Hey the pattern may = work, in which case ill add the lazy w to my list of charts to look for. = But, in this market where breakouts are still not working why try to = force it with a price structure that can be labeled suspect at best. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 02, 2002 8:13 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, My comments below were to show how the base count restarts, rather = than looking back as far as 4 years ago at the chart and concluding that = it is a 4 year C&H. That means that the stock broke out of a fresh 1st = base August last year, and that the more recent action, for lack of a = better term "Lazy W" would be considered on its own, rather than as a = part of the 4 year pattern. That makes it a 2nd stage base. More specifically, the recent base doesn't meet the criteria for = either a C&H or the shallower Saucer & Handle because of that odd price = peak in the center of the formation. More than anything, take a look at = the volume pattern as the center of the LazyW forms, it's very high. = Normally in a C&H or S&H, the volume dries up at the bottom of the cup. = This is exactly the opposite, showing that SIE was trying desperately to = breakout, but was knocked back into its consolidation on high volume. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:14 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine =3D =3D I didn't read your note about SIE before = sending you the one about the IBD Article leading me to conclude that = SIE has a Saucer-shaped Chart. And, I'm having dificulty trying to = harmonize the IBD Article and your remarks. If you can give me a little = help here I'd surely appreciate it.=3D=3D=3DDonald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading = in CANSLIM. That is, when there is a deep correction that undercuts the = low of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a = brand new 1st stage base as it nears its 52 wk high, in this case a = double bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed = growth in an industry and/or company. (Assuming this is not a cyclical = move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out = yet and is still working on the cup that it started back in March = 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, = a real pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The = stock has stellar fundamentals, but to this day, no one I have spoken = with -- from fellow investors to people at IBD -- have been able to = describe what kind of base it has produced. It has broken out of this = "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_0044_01C23ADB.74D79710 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Hi John,
 
It seems the whole concept of the "Lazy W" has gotten way beyond my = intent....so let me backtrack.
 
My original post and the comment I was making to begin with was = simply=20 "sometimes even the pros don't know." That is, I thought it amusing that = Tim=20 Truebenbach and the IBD could not identify the pattern and emailed Tim = with the=20 same sentiment. (He also got a kick out of the silly pattern.) My = labeling=20 it a Lazy W was only meant as an observation of what it looked like to = me and a=20 tongue-in-cheek naming of a "pattern" that wasn't really a pattern. It = was never=20 my intention to read anything into it. Somehow, in discussing the = technical=20 aspects of what *was* going on with SIE, the offhand comment became = something it=20 was not.
 
In summary:
 
(1) SIE's base count was reset when the stock dropped well below = the lows=20 of the last base in it's advance in late '98.
(2) SIE broke out of a new 1st base in August '01.
(3) I have no idea what pattern it formed recently, but it did seem = to defy=20 odds and move out on volume, only to fail later.
(4) I never intended to read anything into what was happening with = it, nor=20 to devise a "new" pattern for the history books [though if Lazy W shows = up in=20 Bulkowski's next book, I'm claiming credit! :))]. I'm as party-line = CANSLIM as=20 they come and would be the last one to start making new rules to = follow.
(5) Whatever "pattern" SIE was tracing, it failed when it fell back = into=20 its consolidation on Friday. That's shouldn't be at all surprising, = given that=20 so few stocks are setting up and breaking out in conjunction with the = recent=20 FTD. The whole point of Tim's view of SIE in his article was that the = few stocks=20 that are moving right now have distorted patterns, and that increases = the=20 risk.
(6) It's never a good idea in my book to jump on the first couple = of stocks=20 that breakout in a fresh advance. I prefer to monitor them and see how = they=20 behave and then look for additional stocks to breakout of sound basing = patterns=20 and move up before I bet the farm. It's a conservative approach, but one = that=20 matches risk/reward in a sensible manner.
(7) Right now, after recently clearing the deck, I've got 1 short = and 2=20 long probes. That usually happens only when the market is groping for = direction.=20 As it becomes more apparent, I press in the direction of, as Dave Landry = calls=20 it, "the big blue arrow" (metaphor for major market trend).
 
Katherine
----- Original Message -----
From:=20 John=20 Calkins
Sent: Saturday, August 03, 2002 = 9:30=20 AM
Subject: Re: [CANSLIM] = Sometimes even the=20 Pros don't know

Scott,
 
I would have to agree with your = failing base on=20 base pattern.
 
Katherine, would it be better to = consider staying=20 with the classic double bottom than trying to interpret a new lazy W=20 pattern?  Doesn't this relate to how WON developed the CWH?  = Didn't=20 He, Livermore and others already explore these regions and shouldn't = we learn=20 from them, or do we always question their results.  I realize = that we=20 need to learn from each other how to interpret these patterns.  = It's like=20 trying to explore too far off the beaten path,  like a child = getting too=20 close to the crumbling edge or using a 10% stop rule instead of an = 8%. =20 Is a lazy W too close to the crumbling edge especially in this=20 market?  We are told that these patterns are useful in a bull=20 market.  The bear pops up on Thursday and Friday, then a = pattern=20 seems to fail and again reminds us to get back on the path..  = Again and=20 again, the closer I stay to the classic patterns, the less I am = inclined to=20 get into this market.  CANSLIM and WON's Technical's seem to = be working for me by keeping me on the sidelines until this = market speaks=20 to me in a clearer voice.
 
John
 
 
----- Original Message -----
From:=20 Scott = Gettis=20
Sent: Friday, August 02, 2002 = 9:27=20 AM
Subject: RE: [CANSLIM] = Sometimes even=20 the Pros don't know

here's my interpretation.
 
If=20 we have to make up a name for the pattern that sie is forming, maybe = it is=20 not really a sound base.  I agree that sie at this moment seems = to be a=20 leader in this market, but the base that it formed is too = deep to=20 be considered a flat base, and it does not have the classic = characteristics=20 of a double bottom.  To me it looks most like a base on base = structure;=20 with the first part from 4/30-6/19 - and the second part the most = recent=20 base - which was rather short.  Hey the pattern may work, in = which case=20 ill add the lazy w to my list of charts to look for.  But, in = this=20 market where breakouts are still not working why try to force = it with a=20 price structure that can be labeled suspect at = best.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Friday, August 02, 2002 8:13 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi Donald,
 
My comments below were to show how the base count restarts, = rather=20 than looking back as far as 4 years ago at the chart and = concluding that=20 it is a 4 year C&H. That means that the stock broke out of a = fresh 1st=20 base August last year, and that the more recent action, = for lack=20 of a better term "Lazy W" would be considered on its own, rather = than as a=20 part of the 4 year pattern. That makes it a 2nd stage base.
 
More specifically, the recent base doesn't meet the criteria = for=20 either a C&H or the shallower Saucer & Handle because of = that odd=20 price peak in the center of the formation. More than anything, = take a look=20 at the volume pattern as the center of the LazyW forms, it's very = high.=20 Normally in a C&H or S&H, the volume dries up at the = bottom of the=20 cup. This is exactly the opposite, showing that SIE was trying = desperately=20 to breakout, but was knocked back into its consolidation on high=20 volume.
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 9:14=20 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Katherine =3D =3D  I = didn't read your note=20 about SIE before sending you the one about the IBD Article = leading me to=20 conclude that SIE has a  Saucer-shaped Chart.  And, = I'm =20 having dificulty trying to harmonize the IBD Article and your=20 remarks.  If you can give me a little help here I'd surely=20 appreciate it.=3D=3D=3DDonald
----- Original Message ----- =
From:=20 Katherine Malm
To: canslim@lists.xmission.com= =20
Sent: Friday, August = 02, 2002=20 9:36 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart = reading in=20 CANSLIM. That is, when there is a deep correction that = undercuts the=20 low of the last base, the base count is reset and you = essentially=20 "start fresh" with the chart. It's my understanding that this = is why=20 WON looks at formations as they form over the previous 52 wks. = In the=20 case of SIE, the base count was reset in '99 when the downside = move=20 passed below the last base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up = a brand=20 new 1st stage base as it nears its 52 wk high, in this case a = double=20 bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed = growth=20 in an industry and/or company. (Assuming this is not a = cyclical=20 move)
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August = 02, 2002=20 3:48 AM
Subject: Re: = [CANSLIM]=20 Sometimes even the Pros don't know

Katherine ---Maybe (tongue = in cheek)=20 SIEt hasn't broken out yet and is still working on the cup = that it=20 started back in March 1998.---Donald
----- Original Message = -----
From:=20 Katherine Malm =
To: canslim@lists.xmission.com= =20
Sent: Thursday, = August 01,=20 2002 7:24 PM
Subject: [CANSLIM] = Sometimes=20 even the Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim = Truebenbach, a=20 real pro and contributor to TradingMarkets.com:
 

"Sierra Health (SIE)=20 hails from the leading HMO group. The stock has stellar=20 fundamentals, but to this day, no one I have spoken with = -- from=20 fellow investors to people at IBD -- have been able = to=20 describe what kind of base it has produced. It has broken = out of=20 this "unknown" base and continues to push higher for the = time=20 being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_0044_01C23ADB.74D79710-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Market trend Date: 03 Aug 2002 12:41:36 -0400 One investment style is still doing well...........shorting. DanF ----- Original Message ----- Sent: Saturday, August 03, 2002 10:19 AM > All: > I look at Market trend at MSN provided by Camelback Research Alliance, Inc. > The trend has been getting progressively worse. On Tuesday July 30 > everything turned to: out of favor- All sectors- All investment styles- > Growth and Value- All size companies, the first time I have seen this > posture. Imagine my surprise when I see today a major change in trend: All > sectors but Public utilities and Tech now neutral, all sizes neutral and > both investment styles neutral. > Also get a market trend prediction from MarketEdge. The bottom line: With > the DJIA staying above its previous intraday low a major change in market > trend is predicted with the rating of Bearish -5 going to a bullish +5. > Question: Have we seen a major trend reversal in the market this week? Can > all the problems with Accounting, Terrorism, Overvaluations, Double dip > recession and the Possibility Consumer spending slowing be ignored by the > market for more than a week or two? Gary > > _________________________________________________________________ > Send and receive Hotmail on your mobile device: http://mobile.msn.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 03 Aug 2002 13:08:10 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000E_01C23AEE.D14654B0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable There isn't much doubt that sometimes the Pro's don't know. In the IBD = of Friday, Aug.2, on page B8 in Col.1, there is a Article that hypes = the Shares of University of Phoenix Online (UOPX). "It found support at = its 200-day line this week. Look for it to log some high-volume weeks = at it climbs the right side of its base. The online educator's = fundamental's excel.'" And so on about huge percentage growths in = Profits, sales and ROI. I initially reviewed the IBD Ratings and found = them to be 99, 60I, D, A and B minus and questioned the Article's = generalized sttement that the "fundamentals excel." Then, upon reviewing = the IBD Chart I realized that the Article was probably written on = Thursday, before the close of the market, for publication on Friday. it = being noted that the stock fell $0.38 below its 200 day line that day. = Then, on Friday, the day of publication, the stock fell an additional = $1.28. for a total of $1.66 or substantially %6.3 from the close shown = in the NASDAQ Chart accompaning the Article. So, it looks like this = stock is in for either a "W" or "Lazy W " shaped base after all. In = any event it surely doesn't look like its finished with it's base. = Would sombody else please comment about the base (if any ) formed by = UOPX.---- Donald =20 ----- Original Message -----=20 From: John Calkins=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 10:30 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Scott, I would have to agree with your failing base on base pattern. Katherine, would it be better to consider staying with the classic = double bottom than trying to interpret a new lazy W pattern? Doesn't = this relate to how WON developed the CWH? Didn't He, Livermore and = others already explore these regions and shouldn't we learn from them, = or do we always question their results. I realize that we need to learn = from each other how to interpret these patterns. It's like trying to = explore too far off the beaten path, like a child getting too close to = the crumbling edge or using a 10% stop rule instead of an 8%. Is a lazy = W too close to the crumbling edge especially in this market? We are = told that these patterns are useful in a bull market. The bear pops up = on Thursday and Friday, then a pattern seems to fail and again reminds = us to get back on the path.. Again and again, the closer I stay to the = classic patterns, the less I am inclined to get into this market. = CANSLIM and WON's Technical's seem to be working for me by keeping me on = the sidelines until this market speaks to me in a clearer voice. John=20 ----- Original Message -----=20 From: Scott Gettis=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:27 AM Subject: RE: [CANSLIM] Sometimes even the Pros don't know here's my interpretation. If we have to make up a name for the pattern that sie is forming, = maybe it is not really a sound base. I agree that sie at this moment = seems to be a leader in this market, but the base that it formed is too = deep to be considered a flat base, and it does not have the classic = characteristics of a double bottom. To me it looks most like a base on = base structure; with the first part from 4/30-6/19 - and the second part = the most recent base - which was rather short. Hey the pattern may = work, in which case ill add the lazy w to my list of charts to look for. = But, in this market where breakouts are still not working why try to = force it with a price structure that can be labeled suspect at best. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 02, 2002 8:13 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, My comments below were to show how the base count restarts, rather = than looking back as far as 4 years ago at the chart and concluding that = it is a 4 year C&H. That means that the stock broke out of a fresh 1st = base August last year, and that the more recent action, for lack of a = better term "Lazy W" would be considered on its own, rather than as a = part of the 4 year pattern. That makes it a 2nd stage base. More specifically, the recent base doesn't meet the criteria for = either a C&H or the shallower Saucer & Handle because of that odd price = peak in the center of the formation. More than anything, take a look at = the volume pattern as the center of the LazyW forms, it's very high. = Normally in a C&H or S&H, the volume dries up at the bottom of the cup. = This is exactly the opposite, showing that SIE was trying desperately to = breakout, but was knocked back into its consolidation on high volume. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:14 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine =3D =3D I didn't read your note about SIE before = sending you the one about the IBD Article leading me to conclude that = SIE has a Saucer-shaped Chart. And, I'm having dificulty trying to = harmonize the IBD Article and your remarks. If you can give me a little = help here I'd surely appreciate it.=3D=3D=3DDonald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 9:36 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Hi Donald, I think you've actually hit on a key element of chart reading = in CANSLIM. That is, when there is a deep correction that undercuts the = low of the last base, the base count is reset and you essentially "start = fresh" with the chart. It's my understanding that this is why WON looks = at formations as they form over the previous 52 wks. In the case of SIE, = the base count was reset in '99 when the downside move passed below the = last base formed in '98. http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20 By August '01, you would then be looking at SIE to set up a = brand new 1st stage base as it nears its 52 wk high, in this case a = double bottom: http://WallStreet-LLC.com/canslim/SIE080101.jpg Important, as it allows you to take advantage of renewed = growth in an industry and/or company. (Assuming this is not a cyclical = move) Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 02, 2002 3:48 AM Subject: Re: [CANSLIM] Sometimes even the Pros don't know Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out = yet and is still working on the cup that it started back in March = 1998.---Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 01, 2002 7:24 PM Subject: [CANSLIM] Sometimes even the Pros don't know Hi All, Got a real kick out of this comment from Tim Truebenbach, = a real pro and contributor to TradingMarkets.com: "Sierra Health (SIE) hails from the leading HMO group. The = stock has stellar fundamentals, but to this day, no one I have spoken = with -- from fellow investors to people at IBD -- have been able to = describe what kind of base it has produced. It has broken out of this = "unknown" base and continues to push higher for the time being." I've dubbed this a "Lazy W"... See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20 Katherine ------=_NextPart_000_000E_01C23AEE.D14654B0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
There isn't much doubt that sometimes = the Pro's=20 don't know.  In the IBD of Friday, Aug.2, on page B8 in = Col.1,  there=20 is a Article that hypes the Shares of University of Phoenix Online = (UOPX). "It=20 found support at its 200-day line this week.  Look for it to log = some=20 high-volume weeks at it climbs the right side of its base.  The = online=20 educator's fundamental's excel.'" And so on about huge percentage = growths=20 in Profits, sales and ROI.  I initially reviewed the IBD=20 Ratings and found them to be 99, 60I, D, A and B minus = and questioned=20 the Article's  generalized sttement that the "fundamentals excel." = Then,=20 upon reviewing the IBD Chart I realized that the Article was = probably=20 written on Thursday, before the close of the market, for  = publication on=20 Friday. it being  noted that the stock fell $0.38 below its 200 day = line=20 that day.  Then, on Friday, the day of publication, the stock fell = an=20 additional $1.28. for a total of $1.66 or substantially %6.3 from the = close=20 shown in the NASDAQ Chart accompaning the Article. So, it looks like = this stock=20 is in for either a "W"  or "Lazy W " shaped base after all.  = In any=20 event it surely doesn't look like its finished with it's base.  = Would=20 sombody else please comment about the base (if any ) formed=20 by UOPX.----  Donald  
----- Original Message -----
From:=20 John=20 Calkins
Sent: Saturday, August 03, 2002 = 10:30=20 AM
Subject: Re: [CANSLIM] = Sometimes even the=20 Pros don't know

Scott,
 
I would have to agree with your = failing base on=20 base pattern.
 
Katherine, would it be better to = consider staying=20 with the classic double bottom than trying to interpret a new lazy W=20 pattern?  Doesn't this relate to how WON developed the CWH?  = Didn't=20 He, Livermore and others already explore these regions and shouldn't = we learn=20 from them, or do we always question their results.  I realize = that we=20 need to learn from each other how to interpret these patterns.  = It's like=20 trying to explore too far off the beaten path,  like a child = getting too=20 close to the crumbling edge or using a 10% stop rule instead of an = 8%. =20 Is a lazy W too close to the crumbling edge especially in this=20 market?  We are told that these patterns are useful in a bull=20 market.  The bear pops up on Thursday and Friday, then a = pattern=20 seems to fail and again reminds us to get back on the path..  = Again and=20 again, the closer I stay to the classic patterns, the less I am = inclined to=20 get into this market.  CANSLIM and WON's Technical's seem to = be working for me by keeping me on the sidelines until this = market speaks=20 to me in a clearer voice.
 
John
 
 
----- Original Message -----
From:=20 Scott = Gettis=20
Sent: Friday, August 02, 2002 = 9:27=20 AM
Subject: RE: [CANSLIM] = Sometimes even=20 the Pros don't know

here's my interpretation.
 
If=20 we have to make up a name for the pattern that sie is forming, maybe = it is=20 not really a sound base.  I agree that sie at this moment seems = to be a=20 leader in this market, but the base that it formed is too = deep to=20 be considered a flat base, and it does not have the classic = characteristics=20 of a double bottom.  To me it looks most like a base on base = structure;=20 with the first part from 4/30-6/19 - and the second part the most = recent=20 base - which was rather short.  Hey the pattern may work, in = which case=20 ill add the lazy w to my list of charts to look for.  But, in = this=20 market where breakouts are still not working why try to force = it with a=20 price structure that can be labeled suspect at = best.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Friday, August 02, 2002 8:13 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Sometimes even=20 the Pros don't know

Hi Donald,
 
My comments below were to show how the base count restarts, = rather=20 than looking back as far as 4 years ago at the chart and = concluding that=20 it is a 4 year C&H. That means that the stock broke out of a = fresh 1st=20 base August last year, and that the more recent action, = for lack=20 of a better term "Lazy W" would be considered on its own, rather = than as a=20 part of the 4 year pattern. That makes it a 2nd stage base.
 
More specifically, the recent base doesn't meet the criteria = for=20 either a C&H or the shallower Saucer & Handle because of = that odd=20 price peak in the center of the formation. More than anything, = take a look=20 at the volume pattern as the center of the LazyW forms, it's very = high.=20 Normally in a C&H or S&H, the volume dries up at the = bottom of the=20 cup. This is exactly the opposite, showing that SIE was trying = desperately=20 to breakout, but was knocked back into its consolidation on high=20 volume.
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August 02, = 2002 9:14=20 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Katherine =3D =3D  I = didn't read your note=20 about SIE before sending you the one about the IBD Article = leading me to=20 conclude that SIE has a  Saucer-shaped Chart.  And, = I'm =20 having dificulty trying to harmonize the IBD Article and your=20 remarks.  If you can give me a little help here I'd surely=20 appreciate it.=3D=3D=3DDonald
----- Original Message ----- =
From:=20 Katherine Malm
To: canslim@lists.xmission.com= =20
Sent: Friday, August = 02, 2002=20 9:36 AM
Subject: Re: [CANSLIM] = Sometimes=20 even the Pros don't know

Hi Donald,
 
I think you've actually hit on a key element of chart = reading in=20 CANSLIM. That is, when there is a deep correction that = undercuts the=20 low of the last base, the base count is reset and you = essentially=20 "start fresh" with the chart. It's my understanding that this = is why=20 WON looks at formations as they form over the previous 52 wks. = In the=20 case of SIE, the base count was reset in '99 when the downside = move=20 passed below the last base formed in '98.
 
http://Wall= Street-LLC.com/canslim/SIE10yrs080202.jpg=20
 
By August '01, you would then be looking at SIE to set up = a brand=20 new 1st stage base as it nears its 52 wk high, in this case a = double=20 bottom:
 
http://WallStree= t-LLC.com/canslim/SIE080101.jpg
 
Important, as it allows you to take advantage of renewed = growth=20 in an industry and/or company. (Assuming this is not a = cyclical=20 move)
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Friday, August = 02, 2002=20 3:48 AM
Subject: Re: = [CANSLIM]=20 Sometimes even the Pros don't know

Katherine ---Maybe (tongue = in cheek)=20 SIEt hasn't broken out yet and is still working on the cup = that it=20 started back in March 1998.---Donald
----- Original Message = -----
From:=20 Katherine Malm =
To: canslim@lists.xmission.com= =20
Sent: Thursday, = August 01,=20 2002 7:24 PM
Subject: [CANSLIM] = Sometimes=20 even the Pros don't know

Hi All,
 
Got a real kick out of this comment from Tim = Truebenbach, a=20 real pro and contributor to TradingMarkets.com:
 

"Sierra Health (SIE)=20 hails from the leading HMO group. The stock has stellar=20 fundamentals, but to this day, no one I have spoken with = -- from=20 fellow investors to people at IBD -- have been able = to=20 describe what kind of base it has produced. It has broken = out of=20 this "unknown" base and continues to push higher for the = time=20 being."

 

I've dubbed this a "Lazy W"...

See it at http://WallStreet-LL= C.com/canslim/LazyW.jpg=20

 

Katherine

=

 

------=_NextPart_000_000E_01C23AEE.D14654B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] Coinstar Inc (CSTR) Date: 03 Aug 2002 14:25:40 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0005_01C23AF9.A4E194B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lois--Coinstar Inc (CSTR) was discussed in the IBD of Friday (Aug. 2) on = page B8, in Col.1. The Article notes that CSTR is in its 14th week of a = cup-shaped base, that it beat the Street's numbers for the 2nd quarter = and has raised its guidance for 2002. I have reviewed CSTR. Its Current = Ratings are 80, 89, B+, B, and B+ . An added attraction is that it = bucked the NASDAQ on Thursday and Friday of last week so -- its = movement is currently supportive of the above rating of 89. Moreover, as = a matter of interest it carries a Zacks Stock Scouter Rating of "10" = (highest possible rating). I think CSTR is a very good CANSLIM = candiadate.-- Donald ------=_NextPart_000_0005_01C23AF9.A4E194B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lois--Coinstar Inc (CSTR) was = discussed in the=20 IBD of Friday (Aug. 2) on page B8, in Col.1. The Article notes that CSTR = is in=20 its  14th week of a cup-shaped base,  that it beat the = Street's=20 numbers for the 2nd quarter and has raised its guidance for = 2002.  I=20 have reviewed CSTR. Its Current Ratings are 80, 89, B+, B, and = B+ . An=20 added attraction is that it bucked the NASDAQ  on Thursday and = Friday of=20 last week so -- its movement is currently supportive of the above rating = of 89.=20 Moreover, as a matter of interest it carries a Zacks Stock Scouter = Rating of=20  "10"  (highest possible rating). I think CSTR is a  very = good=20 CANSLIM candiadate.-- Donald
------=_NextPart_000_0005_01C23AF9.A4E194B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Market trend Date: 03 Aug 2002 12:03:28 -0700 (PDT) Gary I can't speak for anyone but myself. I know that I am tired of all the scandal, terrorism, etc. Perhaps others are too. There comes a point when more of the same old news is no longer impressive. Hopefully others in the market are indicating the same. A good market will shrug off bad news. I'm not saying it will start going up, just this batch of news is old and worn out. Regards Kent Norman --- "Gary A. Snyder" wrote: > All: > I look at Market trend at MSN provided by Camelback Research > Alliance, Inc. > Question: Have we seen a major trend reversal in the market this > week? Can > all the problems with Accounting, Terrorism, Overvaluations, Double > dip > recession and the Possibility Consumer spending slowing be ignored by > the > market for more than a week or two? Gary ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 03 Aug 2002 13:21:11 -0600 I think it is starting to get the look of a stock that is rolling over. It has been under the 50 day MA for 2 months now. It formed a slightly lower high around June 28, and this week made what looks like still another lower high than the previous one. It is also the weakest of the 3 stocks in that group that I look at (CECO, COCO). On 3 Aug 2002 at 13:08, Donald Wallker wrote: > Would sombody else please comment about the base (if any ) formed by > UOPX.---- Donald - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 15:40:37 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0007_01C23B04.1D1DB7B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable To all: In the course of reviewing various automotive stocks, I was = surprised to see that the 3 year Chart of NOBL clearly shows a = completed saucer and handle shaped curve. I hope I'm not seeing = things. As I write this note the IBD Ratings for NOBL are 97, 76, A -,B = and D-, and NOBL has increased their guidance for the remainder of = 2002. I would greatly appreciate someone out there giving me some = feedback about this Chart since it was only a few days ago that I read = the IBD Article about saucer-shaped Charts taking years to form. If = this is one of them, I guess the pivot point is about 2 to 3 months away = months, considering the snails pace of this type of Chart. Please = respond with some constructive criticism. ------=_NextPart_000_0007_01C23B04.1D1DB7B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 To all:   In the = course of=20 reviewing various automotive stocks, I was surprised to see that the 3 = year=20 Chart of NOBL clearly shows a  completed  saucer and handle = shaped=20 curve.   I hope I'm not seeing things.  As I write this = note the=20 IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has increased = their=20 guidance for the remainder of  2002.  I would greatly=20 appreciate  someone out there giving me some feedback about this = Chart=20 since it was only a few days ago that I read the=20 IBD Article  about  saucer-shaped  Charts = taking years=20 to form.  If this is one of them, I guess the pivot point is = about 2=20 to 3 months away months, considering the snails pace of this type = of=20 Chart.  Please respond with some constructive=20 criticism.
------=_NextPart_000_0007_01C23B04.1D1DB7B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 03 Aug 2002 16:04:09 -0400 Patrick -- -Thank you for the feedback and the additional information, As a matter of interest I checked out CECO. I don't think I've seen many IBD ratings that are as upbeat as these (99, 89, A-, A, B+). When I reviewed the chart in noted that it was in the process of forming a cup and had a downturn similar to that of UOPX. Has anyone recently writtten a negative article about the Group? ---- Donald. ----- Original Message ----- Sent: Saturday, August 03, 2002 3:21 PM > I think it is starting to get the look of a stock that is rolling over. It has been under > the 50 day MA for 2 months now. It formed a slightly lower high around June 28, > and this week made what looks like still another lower high than the previous one. It > is also the weakest of the 3 stocks in that group that I look at (CECO, COCO). > > On 3 Aug 2002 at 13:08, Donald Wallker wrote: > > > Would sombody else please comment about the base (if any ) formed by > > UOPX.---- Donald > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 16:04:16 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_013B_01C23B07.6B406F70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable a saucer is a much flatter pattern. NOBL went from over 15 to under 4, = then back to over 15. Pattern much more of a cup than saucer. The handle = that has formed is weak, as it has gone from over 15 to under 9 in three = months. The good news is that this decline is on low volume. ----- Original Message -----=20 Sent: Saturday, August 03, 2002 3:40 PM To all: In the course of reviewing various automotive stocks, I was = surprised to see that the 3 year Chart of NOBL clearly shows a = completed saucer and handle shaped curve. I hope I'm not seeing = things. As I write this note the IBD Ratings for NOBL are 97, 76, A -,B = and D-, and NOBL has increased their guidance for the remainder of = 2002. I would greatly appreciate someone out there giving me some = feedback about this Chart since it was only a few days ago that I read = the IBD Article about saucer-shaped Charts taking years to form. If = this is one of them, I guess the pivot point is about 2 to 3 months away = months, considering the snails pace of this type of Chart. Please = respond with some constructive criticism. ------=_NextPart_000_013B_01C23B07.6B406F70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
a saucer is a much flatter pattern. NOBL went = from over 15=20 to under 4, then back to over 15. Pattern much more of a cup than = saucer. The=20 handle that has formed is weak, as it has gone from over 15 to under 9 = in three=20 months. The good news is that this decline is on low = volume.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Saturday, August 03, 2002 3:40 PM
Subject: [CANSLIM] Saucer-shaped Chart?

 To all:   In the = course of=20 reviewing various automotive stocks, I was surprised to see that the 3 = year=20 Chart of NOBL clearly shows a  completed  saucer and handle = shaped=20 curve.   I hope I'm not seeing things.  As I write this = note the=20 IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has increased = their=20 guidance for the remainder of  2002.  I would greatly=20 appreciate  someone out there giving me some feedback about this = Chart=20 since it was only a few days ago that I read the=20 IBD Article  about  saucer-shaped  Charts = taking years=20 to form.  If this is one of them, I guess the pivot point is = about 2=20 to 3 months away months, considering the snails pace of this type = of=20 Chart.  Please respond with some constructive=20 criticism.
------=_NextPart_000_013B_01C23B07.6B406F70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] charts and patterns questions Date: 03 Aug 2002 13:13:02 -0700 Correction, Tom. DGO weekly charts are logrithmic. Tom Worley wrote: > Hi Michael, > > My favorite charts always were five year weekly log charts. I was always > able to see patterns better in them. I find that linear weekly charts, such > as DGO now has, distort the picture and are harder to read than linear daily > charts. > > The pivot point should be consistent regardless of which type chart you use, > however it can sometimes be more prominent and obvious on a daily chart. A > daily chart can sometimes better show a weakness, such as a price spike > without volume. A weekly chart might hide the fact that there was no volume > on the spike if there had been volume on other days during the week. A > weekly chart also hides the balance between up and down days. > > ----- Original Message ----- > From: > To: > Sent: Friday, August 02, 2002 2:41 PM > Subject: [CANSLIM] charts and patterns questions > > All, > > When using charts to spot patterns, does it matter much if you use daily or > weekly charts? I notice that in the stocks in the news section, they use > weekly charts, and many times I will circle those that look like cwh > patterns for later study. But sometime, when I look at a daily chart, the > pattern seems to go away, or is much harder to spot. > > Also, is the pivot point the pivot point, regardless of which chart you > look at? What I mean is, if a stock has a pivot on the weekly chart of say > $15.10, does it have to have a breakout for the week of over $15.10 on > higher than ave weekly volume, or is it still a valid b/o if it rises above > $15.10 on any given day with higher than ave daily vol? > > Thanks for all the help, and have a great weekend > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 14:45:18 -0600 I'm with Tom, don't see the saucer, the swings are too wide I think. I kind of question the validity of several year chart patterns anyway. This would appear to be a company in a cyclical industry, not a growth industry, might be the sort of company you pick up on a dip and sell on the way up. On 3 Aug 2002 at 15:40, Donald Wallker wrote: > To all: In the course of reviewing various automotive stocks, I was surprised to see that the 3 year Chart of NOBL clearly shows a completed saucer and handle shaped curve. I hope I'm not seeing things. As I write this note the IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has increased their guidance for the remainder of 2002. I would greatly appreciate someone out there giving me some feedback about this Chart since it was only a few days ago that I read the IBD Article about saucer-shaped Charts taking years to form. If this is one of them, I guess the pivot point is about 2 to 3 months away months, considering the snails pace of this type of Chart. Please respond with some constructive criticism. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Sometimes even the Pros don't know Date: 03 Aug 2002 15:04:34 -0600 I ran my usual weekend scan, although its hardly worth the time. 8 stocks popped up, 3 of the 8 were in this same group, CECO, COCO, and one I had forgotten about, APOL. What was interesting was to view those 3 charts consecutively, you can see how strong the group influence is, since they all moved in nearly the exact same fashion over the last few weeks - a sharp drop, recovery, and then a fairly shop drop on Friday. I don't know what it means, but it would at least tell you its not a company specific thing. On 3 Aug 2002 at 16:04, Donald Wallker wrote: > Patrick -- -Thank you for the feedback and the additional information, As a > matter of interest I checked out CECO. I don't think I've seen many IBD > ratings that are as upbeat as these (99, 89, A-, A, B+). When I reviewed > the chart in noted that it was in the process of forming a cup and had a > downturn similar to that of UOPX. Has anyone recently writtten a negative - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 14:36:52 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0060_01C23AFB.358F9600 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom-amy I ask you something-you say the good news is the decline is on = low volumn. Am I right in thinking that when a stock is in a decline = and the volumn starts to dry up , that means the decline is almost = over?? Thanks for your time. nancy ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 1:04 PM Subject: Re: [CANSLIM] Saucer-shaped Chart? a saucer is a much flatter pattern. NOBL went from over 15 to under 4, = then back to over 15. Pattern much more of a cup than saucer. The handle = that has formed is weak, as it has gone from over 15 to under 9 in three = months. The good news is that this decline is on low volume. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 3:40 PM Subject: [CANSLIM] Saucer-shaped Chart? To all: In the course of reviewing various automotive stocks, I was = surprised to see that the 3 year Chart of NOBL clearly shows a = completed saucer and handle shaped curve. I hope I'm not seeing = things. As I write this note the IBD Ratings for NOBL are 97, 76, A -,B = and D-, and NOBL has increased their guidance for the remainder of = 2002. I would greatly appreciate someone out there giving me some = feedback about this Chart since it was only a few days ago that I read = the IBD Article about saucer-shaped Charts taking years to form. If = this is one of them, I guess the pivot point is about 2 to 3 months away = months, considering the snails pace of this type of Chart. Please = respond with some constructive criticism. ------=_NextPart_000_0060_01C23AFB.358F9600 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom-amy I ask you something-you say the = good news=20 is the decline is on low volumn.  Am I right in thinking that when = a stock=20 is in a decline and the volumn starts to dry up , that means the decline = is=20 almost over?? Thanks for your time. nancy
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Saturday, August 03, 2002 = 1:04=20 PM
Subject: Re: [CANSLIM] = Saucer-shaped=20 Chart?

a saucer is a much flatter pattern. NOBL went = from over=20 15 to under 4, then back to over 15. Pattern much more of a cup than = saucer.=20 The handle that has formed is weak, as it has gone from over 15 to = under 9 in=20 three months. The good news is that this decline is on low=20 volume.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Saturday, August 03, 2002 3:40 PM
Subject: [CANSLIM] Saucer-shaped Chart?

 To all:   In the = course of=20 reviewing various automotive stocks, I was surprised to see that the 3 = year=20 Chart of NOBL clearly shows a  completed  saucer and handle = shaped=20 curve.   I hope I'm not seeing things.  As I write this = note=20 the IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has = increased=20 their guidance for the remainder of  2002.  I would = greatly=20 appreciate  someone out there giving me some feedback about this = Chart=20 since it was only a few days ago that I read the=20 IBD Article  about  saucer-shaped  Charts = taking=20 years to form.  If this is one of them, I guess the pivot point = is=20 about 2 to 3 months away months, considering the snails pace = of this=20 type of Chart.  Please respond with some constructive=20 criticism.
------=_NextPart_000_0060_01C23AFB.358F9600-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 17:37:12 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000A_01C23B14.6670AC00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom ----I don't think we are looking at the same chart. Please look at = a 3 year chart of NOBL with the following thoughts in mind.. I believe = the NOBL Chart actually shows a much flatter pattern than a cup because = we are looking at a 3 year chart. A cup is normally viewed on a one = year Chart. So - the only way you can compare the charts is show a one = year cup on the same chart as the NOBL's 3 year chart. And, If this = were done, it would be clear that NOBL has traced a Saucer-shape = commencing during the trading week of 3/20/2000 @ $15.750 and ending = during the trading week of 4/15/2002 @ $15.300 (it being noted the = during the latter week the price of the stock rose to about $15.750). In = the course of NOBL tracing this saucer-shape, it bottomed out during = the week of 1/22/ 2001 @$4.50 In addition, it seems to me that NOBL has = traced a handle that ended during the week of 7/1/2002 @ $9.35. = Moreover, it seems to me that since it took about 3 months to trace the = handle, it may take another 3 months to reach the pivot point. If there = is something I've missed i'd sure like to here from you, or anybody else = that would like to step up to the plate. The thing I am most concerned = about is using the CANSLIM rules erroneously. Accordingly I'd = appreciate a reasoned reply. ---Donald =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 4:04 PM Subject: Re: [CANSLIM] Saucer-shaped Chart? 3 months to trace the handle a saucer is a much flatter pattern. NOBL went from over 15 to under 4, = then back to over 15. Pattern much more of a cup than saucer. The handle = that has formed is weak, as it has gone from over 15 to under 9 in three = months. The good news is that this decline is on low volume. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 3:40 PM Subject: [CANSLIM] Saucer-shaped Chart? To all: In the course of reviewing various automotive stocks, I was = surprised to see that the 3 year Chart of NOBL clearly shows a = completed saucer and handle shaped curve. I hope I'm not seeing = things. As I write this note the IBD Ratings for NOBL are 97, 76, A -,B = and D-, and NOBL has increased their guidance for the remainder of = 2002. I would greatly appreciate someone out there giving me some = feedback about this Chart since it was only a few days ago that I read = the IBD Article about saucer-shaped Charts taking years to form. If = this is one of them, I guess the pivot point is about 2 to 3 months away = months, considering the snails pace of this type of Chart. Please = respond with some constructive criticism. ------=_NextPart_000_000A_01C23B14.6670AC00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom ----I don't think we are looking at = the same=20 chart.  Please look at a 3 year chart of NOBL with the following = thoughts=20 in mind..  I believe the NOBL Chart actually shows a much = flatter=20 pattern than a cup because we are looking at a 3 year = chart.  A cup is=20 normally viewed on a one year Chart.  So - the only way you can = compare the=20 charts is show a one year cup on the same chart as the NOBL's 3 year=20 chart.  And, If this were done, it would be clear that = NOBL has=20 traced a Saucer-shape commencing during the trading week of 3/20/2000 =  @=20 $15.750 and ending during the trading week of 4/15/2002  @ = $15.300=20  (it being noted the during the latter week the price of the stock = rose to=20 about $15.750). In the course of NOBL tracing  this saucer-shape, = it=20 bottomed out during the week of 1/22/ 2001 @$4.50  In addition, it = seems to=20 me that NOBL has traced a handle that ended during the week of 7/1/2002 = @ $9.35.=20 Moreover, it seems to me that since it took about 3 months to trace the = handle,=20 it may take another 3 months to reach the pivot point.  If = there is=20 something I've missed i'd sure like to here from you, or anybody else = that would=20 like to step up to the plate.  The thing I am most concerned about = is using=20 the CANSLIM rules erroneously.  Accordingly I'd appreciate a = reasoned=20 reply. ---Donald   
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Saturday, August 03, 2002 = 4:04=20 PM
Subject: Re: [CANSLIM] = Saucer-shaped=20 Chart?
3 months to trace the = handle
a saucer is a much flatter pattern. NOBL went = from over=20 15 to under 4, then back to over 15. Pattern much more of a cup than = saucer.=20 The handle that has formed is weak, as it has gone from over 15 to = under 9 in=20 three months. The good news is that this decline is on low=20 volume.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Saturday, August 03, 2002 3:40 PM
Subject: [CANSLIM] Saucer-shaped Chart?

 To all:   In the = course of=20 reviewing various automotive stocks, I was surprised to see that the 3 = year=20 Chart of NOBL clearly shows a  completed  saucer and handle = shaped=20 curve.   I hope I'm not seeing things.  As I write this = note=20 the IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has = increased=20 their guidance for the remainder of  2002.  I would = greatly=20 appreciate  someone out there giving me some feedback about this = Chart=20 since it was only a few days ago that I read the=20 IBD Article  about  saucer-shaped  Charts = taking=20 years to form.  If this is one of them, I guess the pivot point = is=20 about 2 to 3 months away months, considering the snails pace = of this=20 type of Chart.  Please respond with some constructive=20 criticism.
------=_NextPart_000_000A_01C23B14.6670AC00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Liptbeck@cs.com Subject: Re: [CANSLIM] any suggestions for weekly graph services? Date: 03 Aug 2002 17:54:14 EDT Thanks Patrick and Mike and a couple of others who suggested quotes-plus. I will be giving them a try becky - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES Date: 03 Aug 2002 18:15:35 -0400 Below are the selections of the last four weeks. What happened to the dropped ones? Are they not valid anymore? 13 Jul 20 Jul 27 Jul 3 Aug ACMR BL BLUD ALAB APOL BLUD CHCO ANDE ASL CHCO CTSH APOL FESX CTSH FCBP AROW FNLY DOCC HBEK BLUD IBKC EPIQ CTSH INTU FCN DCOM ITLA HBEK DOCC LBAI PGC DORL OZRK RLI FCN PGC SCHN FSTW SCHN UCFC PORT THO VIBC SBMC VIBC WHI SSNC WSFS ZAP I am surprised by the extend the selections change. For example, BL FCBP DOCC EPIQ FCN RLI SCHN UCFC WHI and ZAP appeared on July 20 or July 27 but were dropped the following week. I am confused as to what I can learn from this. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Worley's Weekend Weeview Date: 03 Aug 2002 15:45:12 -0700 I think the gov should just ask the folks that ACTUALY do the manufacturing. Like I said here before. For the machining industry ( an excellent barometer for manufacturing) it's still heading down. If we aren't making parts, then they must be importing them since as we all know inventories are at an all time low. If we're not increasing our imports then that only leaves one conclusion. ... the drop to 50.5. I hear it's picking up...but then again, we heard that last year. -Billl ----- Original Message ----- Sent: Saturday, August 03, 2002 8:04 AM "The Chicago NAPM Index dropped sharply to 51.5 in July from 58.2, well under expectations of a drop to 56.7. The Chicago index is often a barometer for the national ISM Index, which confirmed it Thursday with a drop from 56.2 down to 50.5 (against an expectation of 55.0). It's not contraction yet, but another month like this and it will be." - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 15:25:24 -0700 (PDT) Donald Can I suggest you reread HTMMIS assuming you have read it? This will clear many things up for you and answer many of the questions you have. It stated a CWH have a depth of up to 33% and that a saucer are a more shallow pattern. The one you describe here have a depth of 70% which doesn't even qualify it as a cup. Would you mind to explain how you consider a 70% swing as a shallow pattern? Regards - Fanus --- Donald Wallker wrote: > Tom ----I don't think we are looking at the same > chart. Please look at a 3 year chart of NOBL with > the following thoughts in mind.. I believe the NOBL > Chart actually shows a much flatter pattern than a > cup because we are looking at a 3 year chart. A cup > is normally viewed on a one year Chart. So - the > only way you can compare the charts is show a one > year cup on the same chart as the NOBL's 3 year > chart. And, If this were done, it would be clear > that NOBL has traced a Saucer-shape commencing > during the trading week of 3/20/2000 @ $15.750 and > ending during the trading week of 4/15/2002 @ > $15.300 (it being noted the during the latter week > the price of the stock rose to about $15.750). In > the course of NOBL tracing this saucer-shape, it > bottomed out during the week of 1/22/ 2001 @$4.50 > In addition, it seems to me that NOBL has traced a > handle that ended during the week of 7/1/2002 @ > $9.35. Moreover, it seems to me that since it took > about 3 months to trace the handle, it may take > another 3 months to reach the pivot point. If there > is something I've missed i'd sure like to here from > you, or anybody else that would like to step up to > the plate. The thing I am most concerned about is > using the CANSLIM rules erroneously. Accordingly > I'd appreciate a reasoned reply. ---Donald > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Saturday, August 03, 2002 4:04 PM > Subject: Re: [CANSLIM] Saucer-shaped Chart? > 3 months to trace the handle > > a saucer is a much flatter pattern. NOBL went from > over 15 to under 4, then back to over 15. Pattern > much more of a cup than saucer. The handle that has > formed is weak, as it has gone from over 15 to under > 9 in three months. The good news is that this > decline is on low volume. > > ----- Original Message ----- > From: Donald Wallker > To: canslim@lists.xmission.com > Sent: Saturday, August 03, 2002 3:40 PM > Subject: [CANSLIM] Saucer-shaped Chart? > > > To all: In the course of reviewing various > automotive stocks, I was surprised to see that the 3 > year Chart of NOBL clearly shows a completed > saucer and handle shaped curve. I hope I'm not > seeing things. As I write this note the IBD Ratings > for NOBL are 97, 76, A -,B and D-, and NOBL has > increased their guidance for the remainder of 2002. > I would greatly appreciate someone out there > giving me some feedback about this Chart since it > was only a few days ago that I read the IBD Article > about saucer-shaped Charts taking years to form. > If this is one of them, I guess the pivot point is > about 2 to 3 months away months, considering the > snails pace of this type of Chart. Please respond > with some constructive criticism. > __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Bill Lanius Subject: [CANSLIM] Intro Date: 03 Aug 2002 17:58:38 -0400 I'd like to introduce myself briefly to the group. I am retired and have been an investor/trader for about 20 years. I went the route of a guy who followed a broker's advice to being a 100% technical analyst. I did well in the bull market of a couple of years ago but didn't hold on to much of it when it tanked. I realize that I became impatient and frustrated in seeing my stops get hit and then recovering--so I bought back and then foolishly took most of the stops off. I rode the gains down to a very low level until a few months ago when I finally got out. I salvaged what remained and have been mostly in cash since. I am familiar with CANSLIM and have a belief that it is a sound strategy. I very much enjoy the posts from members of this group and appreciate the help. I hope soon that I can get back into the market and recover some of my confidence and maybe some of my money. I hope, too, I can contribute as some of you do. Thanks for listening, Bill. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Market trend Date: 03 Aug 2002 19:43:57 -0400 This market is more effected by bad earnings and p/e's. The bubble burst a long time ago. It's just going to take more quarters to swing the market. Notice the newly handcuffed Wall Street perpetrators that didn't rally the market recently like the first arrests. I never bought into that. The real culprits are, p/e's, and earnings along with the 9/11 disaster that broke the camels back. Some say stocks are cheap. Yeah, tech's, try em. DanF ----- Original Message ----- Sent: Saturday, August 03, 2002 3:03 PM > Gary I can't speak for anyone but myself. I know that I am tired of all > the scandal, terrorism, etc. Perhaps others are too. There comes a > point when more of the same old news is no longer impressive. Hopefully > others in the market are indicating the same. A good market will shrug > off bad news. I'm not saying it will start going up, just this batch of > news is old and worn out. > > Regards > Kent Norman > > --- "Gary A. Snyder" wrote: > > All: > > I look at Market trend at MSN provided by Camelback Research > > Alliance, Inc. > > > > > Question: Have we seen a major trend reversal in the market this > > week? Can > > all the problems with Accounting, Terrorism, Overvaluations, Double > > dip > > recession and the Possibility Consumer spending slowing be ignored by > > the > > market for more than a week or two? Gary > > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] Coinstar Inc (CSTR) Date: 03 Aug 2002 18:54:44 -0500 Donald, Thanks for the knowledgeable info. Inv 3000 picked up CSTR on that date. I was going through my bookmarks(I have many) and found a couple of pdf files you might be interested in. I hope I'm not insulting your trading intelligence with them. http://www.stocktables.com/ch/THECUP.PDF http://www.stocktables.com/ch/TradingCups.PDF Much trading $uce$$ to you, Lois > Donald Wallker wrote: > > Lois--Coinstar Inc (CSTR) was discussed in the IBD of Friday (Aug. 2) > on page B8, in Col.1. The Article notes that CSTR is in its 14th week > of a cup-shaped base, that it beat the Street's numbers for the 2nd > quarter and has raised its guidance for 2002. I have reviewed > CSTR. Its Current Ratings are 80, 89, B+, B, and B+ . An added > attraction is that it bucked the NASDAQ on Thursday and Friday of > last week so -- its movement is currently supportive of the above > rating of 89. Moreover, as a matter of interest it carries a Zacks > Stock Scouter Rating of "10" (highest possible rating). I think CSTR > is a very good CANSLIM candiadate.-- Donald - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] A's this week - Nancy Date: 03 Aug 2002 19:20:54 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0065_01C23B22.E2E5C0F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Nancy, comparing 8/2 data (under green columns) to 7/26 data.... the delta between those 2 Fridays is on the attached..... stocks in list are A's only .....no other CANSLIM filtering done .... how to read: EPS delta : ALLE 8/2 EPS is 75........ 7/26 it was 76.... EPS delta -1 RS delta : ALLE 8/2 RS is 86 ......... 7/26 it was 86 .... RS delta 0 A/D delta : ALLE 8/2 A/D is A- ....... 7/26 it was B+ .... 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 21:09:47 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_018E_01C23B32.1922F480 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable the only thing I read into a decline on well below average volume is = that the institutionals are not dumping. Of course, that means little if = there is not significant institutional holdings. the corollary is that it also suggests that the retail holders = (investors like us) are holding on even if not buying more. But the = danger of that is that many reach the same stop loss limit at the same = time, drive the price even lower, and trigger even more selling or sell = stop orders. If there was no institutional involvement in the first = place, then unlikely there will be any support for this unpredictable = volume spike on selling pressure. ----- Original Message -----=20 Sent: Saturday, August 03, 2002 5:36 PM Tom-amy I ask you something-you say the good news is the decline is on = low volumn. Am I right in thinking that when a stock is in a decline = and the volumn starts to dry up , that means the decline is almost = over?? Thanks for your time. nancy ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 1:04 PM Subject: Re: [CANSLIM] Saucer-shaped Chart? a saucer is a much flatter pattern. NOBL went from over 15 to under 4, = then back to over 15. Pattern much more of a cup than saucer. The handle = that has formed is weak, as it has gone from over 15 to under 9 in three = months. The good news is that this decline is on low volume. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 3:40 PM Subject: [CANSLIM] Saucer-shaped Chart? To all: In the course of reviewing various automotive stocks, I was = surprised to see that the 3 year Chart of NOBL clearly shows a = completed saucer and handle shaped curve. I hope I'm not seeing = things. As I write this note the IBD Ratings for NOBL are 97, 76, A -,B = and D-, and NOBL has increased their guidance for the remainder of = 2002. I would greatly appreciate someone out there giving me some = feedback about this Chart since it was only a few days ago that I read = the IBD Article about saucer-shaped Charts taking years to form. If = this is one of them, I guess the pivot point is about 2 to 3 months away = months, considering the snails pace of this type of Chart. Please = respond with some constructive criticism. ------=_NextPart_000_018E_01C23B32.1922F480 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
the only thing I read into a decline on well = below average=20 volume is that the institutionals are not dumping. Of course, that means = little=20 if there is not significant institutional holdings.
 
the corollary is that it also suggests that the = retail=20 holders (investors like us) are holding on even if not buying more. But = the=20 danger of that is that many reach the same stop loss limit at the same = time,=20 drive the price even lower, and trigger even more selling or sell stop = orders.=20 If there was no institutional involvement in the first place, then = unlikely=20 there will be any support for this unpredictable volume spike on selling = pressure.
 
----- Original Message -----=20
From: zillagirl
Sent: Saturday, August 03, 2002 5:36 PM
Subject: Re: [CANSLIM] Saucer-shaped Chart?

Tom-amy I ask you something-you say the = good news=20 is the decline is on low volumn.  Am I right in thinking that when = a stock=20 is in a decline and the volumn starts to dry up , that means the decline = is=20 almost over?? Thanks for your time. nancy
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Saturday, August 03, 2002 = 1:04=20 PM
Subject: Re: [CANSLIM] = Saucer-shaped=20 Chart?

a saucer is a much flatter pattern. NOBL went = from over=20 15 to under 4, then back to over 15. Pattern much more of a cup than = saucer.=20 The handle that has formed is weak, as it has gone from over 15 to = under 9 in=20 three months. The good news is that this decline is on low=20 volume.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Saturday, August 03, 2002 3:40 PM
Subject: [CANSLIM] Saucer-shaped Chart?

 To all:   In the = course of=20 reviewing various automotive stocks, I was surprised to see that the 3 = year=20 Chart of NOBL clearly shows a  completed  saucer and handle = shaped=20 curve.   I hope I'm not seeing things.  As I write this = note=20 the IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has = increased=20 their guidance for the remainder of  2002.  I would = greatly=20 appreciate  someone out there giving me some feedback about this = Chart=20 since it was only a few days ago that I read the=20 IBD Article  about  saucer-shaped  Charts = taking=20 years to form.  If this is one of them, I guess the pivot point = is=20 about 2 to 3 months away months, considering the snails pace = of this=20 type of Chart.  Please respond with some constructive=20 criticism.
------=_NextPart_000_018E_01C23B32.1922F480-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro Date: 03 Aug 2002 21:24:51 -0400 welcome to the group, Bill, it's a great place to listen and learn, and finally try out your own ideas, understanding and interpretation of CANSLIM (not to mention your application of it on specific stocks). ----- Original Message ----- Sent: Saturday, August 03, 2002 5:58 PM I'd like to introduce myself briefly to the group. I am retired and have been an investor/trader for about 20 years. I went the route of a guy who followed a broker's advice to being a 100% technical analyst. I did well in the bull market of a couple of years ago but didn't hold on to much of it when it tanked. I realize that I became impatient and frustrated in seeing my stops get hit and then recovering--so I bought back and then foolishly took most of the stops off. I rode the gains down to a very low level until a few months ago when I finally got out. I salvaged what remained and have been mostly in cash since. I am familiar with CANSLIM and have a belief that it is a sound strategy. I very much enjoy the posts from members of this group and appreciate the help. I hope soon that I can get back into the market and recover some of my confidence and maybe some of my money. I hope, too, I can contribute as some of you do. Thanks for listening, Bill. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Saucer-shaped Chart? Date: 03 Aug 2002 21:37:39 -0400 Fanus---Thanks for the feedback . I was unaware that the maximum cup depth was %33. As a matter of fact I'm amazed, since I've seen cups discussed in IBD that are deeper than that. However, I'll do some boning up on that subject and get back to you. Donald ----- Original Message ----- Sent: Saturday, August 03, 2002 6:25 PM > Donald > > Can I suggest you reread HTMMIS assuming you have read > it? This will clear many things up for you and answer > many of the questions you have. > > It stated a CWH have a depth of up to 33% and that a > saucer are a more shallow pattern. The one you > describe here have a depth of 70% which doesn't even > qualify it as a cup. Would you mind to explain how > you consider a 70% swing as a shallow pattern? > > Regards > - Fanus > > > > > --- Donald Wallker wrote: > > Tom ----I don't think we are looking at the same > > chart. Please look at a 3 year chart of NOBL with > > the following thoughts in mind.. I believe the NOBL > > Chart actually shows a much flatter pattern than a > > cup because we are looking at a 3 year chart. A cup > > is normally viewed on a one year Chart. So - the > > only way you can compare the charts is show a one > > year cup on the same chart as the NOBL's 3 year > > chart. And, If this were done, it would be clear > > that NOBL has traced a Saucer-shape commencing > > during the trading week of 3/20/2000 @ $15.750 and > > ending during the trading week of 4/15/2002 @ > > $15.300 (it being noted the during the latter week > > the price of the stock rose to about $15.750). In > > the course of NOBL tracing this saucer-shape, it > > bottomed out during the week of 1/22/ 2001 @$4.50 > > In addition, it seems to me that NOBL has traced a > > handle that ended during the week of 7/1/2002 @ > > $9.35. Moreover, it seems to me that since it took > > about 3 months to trace the handle, it may take > > another 3 months to reach the pivot point. If there > > is something I've missed i'd sure like to here from > > you, or anybody else that would like to step up to > > the plate. The thing I am most concerned about is > > using the CANSLIM rules erroneously. Accordingly > > I'd appreciate a reasoned reply. ---Donald > > ----- Original Message ----- > > From: Tom Worley > > To: canslim@lists.xmission.com > > Sent: Saturday, August 03, 2002 4:04 PM > > Subject: Re: [CANSLIM] Saucer-shaped Chart? > > 3 months to trace the handle > > > > a saucer is a much flatter pattern. NOBL went from > > over 15 to under 4, then back to over 15. Pattern > > much more of a cup than saucer. The handle that has > > formed is weak, as it has gone from over 15 to under > > 9 in three months. The good news is that this > > decline is on low volume. > > > > ----- Original Message ----- > > From: Donald Wallker > > To: canslim@lists.xmission.com > > Sent: Saturday, August 03, 2002 3:40 PM > > Subject: [CANSLIM] Saucer-shaped Chart? > > > > > > To all: In the course of reviewing various > > automotive stocks, I was surprised to see that the 3 > > year Chart of NOBL clearly shows a completed > > saucer and handle shaped curve. I hope I'm not > > seeing things. As I write this note the IBD Ratings > > for NOBL are 97, 76, A -,B and D-, and NOBL has > > increased their guidance for the remainder of 2002. > > I would greatly appreciate someone out there > > giving me some feedback about this Chart since it > > was only a few days ago that I read the IBD Article > > about saucer-shaped Charts taking years to form. > > If this is one of them, I guess the pivot point is > > about 2 to 3 months away months, considering the > > snails pace of this type of Chart. Please respond > > with some constructive criticism. > > > > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES Date: 03 Aug 2002 21:48:44 -0400 Hermann, let me try to answer by explaining a little about myself, and what is behind this weekly list. I have been using CANSLIM and WON products for about 13 years, for a number of those years had direct real time (by fax) access to WON picks. Several years ago, DGO was started, and I have been using it from the beta period on. Because of legal objections from DGO, I no longer base this review solely on a report from there, rather combining reports there with several other unrelated sources of my own. My personal investing for some years now is totally in small cap, usually low priced stocks. But I have done daily and weekly reviews for years to keep my pulse on how other potential CANSLIM stocks were behaving. My participation in the group tends to stick to mainstream CANSLIM, as does this review, since it is intended for me to have a sense of the big picture. I make no effort to follow any stock that I might mention. The list is compiled simply by reviewing many stocks, list is much shorter these days, but I still only look at each chart for about 20-30 seconds. My comments are my impression, strictly an opinion and worth every penny paid for it. I have looked at one stock one way, and had someone ask me about it, gone back and looked more carefully and changed my opinion. The whole idea of posting the list in the first place (since most are ones of no interest to me due price, size, industry, etc) was to present to the group some valid ideas for watching and learning since not everyone had access to authentic CANSLIM data. Previously I printed out the lists and made margin notes which were not shared. Now I just type up the margin notes in an email, and save a tree. sometimes a stock may show up on the list for many weeks, or months. PETM comes to mine, as it was a consistent LLUR for a long time. Others may show up one week and be gone the next. The may disappear because they broke out, they broke down, or I just saw something that changed my opinion the next time. ----- Original Message ----- Sent: Saturday, August 03, 2002 6:15 PM Below are the selections of the last four weeks. What happened to the dropped ones? Are they not valid anymore? 13 Jul 20 Jul 27 Jul 3 Aug ACMR BL BLUD ALAB APOL BLUD CHCO ANDE ASL CHCO CTSH APOL FESX CTSH FCBP AROW FNLY DOCC HBEK BLUD IBKC EPIQ CTSH INTU FCN DCOM ITLA HBEK DOCC LBAI PGC DORL OZRK RLI FCN PGC SCHN FSTW SCHN UCFC PORT THO VIBC SBMC VIBC WHI SSNC WSFS ZAP I am surprised by the extend the selections change. For example, BL FCBP DOCC EPIQ FCN RLI SCHN UCFC WHI and ZAP appeared on July 20 or July 27 but were dropped the following week. I am confused as to what I can learn from this. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] WON on Shorting Date: 04 Aug 2002 10:05:44 -0400 For those that are interested in this out of date publication, Mona was kind enough to compress the scanned pages into a pdf file which anyone with the Acrobat reader can download from her site. The address is http://www.design21.com/canslim/won_shorting.pdf file size is under 700 KB (vs the nearly 5 megs I started with). There are some page numbers missing, I have checked my copy and am missing them as well, so can only assume they were blank pages in the original copy. As I mentioned before, I think this publication (25 pages long) was written about 20 years ago, so applicability to today's markets and easy access to information and online trading may have changed a lot of what WON said then. Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] Potential canslim candiadate Date: 04 Aug 2002 10:26:00 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0009_01C23BA1.5403BDE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very good, = potential, canslim candiadate. Its IBD ratings are: currently 80, 97, = B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_0009_01C23BA1.5403BDE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lois--- I reviewed Osteotech Inc.(OSTE) = and=20 believeit to be a very good, potential, canslim candiadate.  Its = IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks of=20 5/28/02 and 7/23/02.  Interestingly, this past Friday, on seven = times its=20 normal trading volume it barely moved up.  So there were almost as = many=20 sellers as buyers, which I understand is a strong of a future = downturn in=20 the stock.  Thus I expect the Cup to grow a handle this coming = week. =20 However, since I am a novice canslimmer I would appreciate having some = feed back=20 from the group concerning OSTE. ---=20 Donald   .
------=_NextPart_000_0009_01C23BA1.5403BDE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: [CANSLIM] Private Conversations Date: 04 Aug 2002 11:09:15 EDT --part1_16c.119b276c.2a7e9d9b_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Lois/Donald, your private conversations should be handled offline, don't you think? Siblings should beware of that. Lois, I heard that you can get free software from that investors software company that you mention in almost every post, IF YOU MENTION IT ON USERS GROUPS, is that your arrangement or are you just one of their employees? --part1_16c.119b276c.2a7e9d9b_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Lois/Donald, your private conversations should be handled offline, don't you think? Siblings should beware of that.

Lois, I heard that you can get free software from that investors software company that you mention in almost every post, IF YOU MENTION IT ON USERS GROUPS, is that your arrangement or are you just one of their employees? --part1_16c.119b276c.2a7e9d9b_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] Potential canslim candiadate Date: 04 Aug 2002 08:12:39 -0700 (PDT) Besides reading and reading WON's books, (as well as reading some great info on this site)I have gained much understanding of the CANSLIM system from cwhcharts.com. It could be just as rewarding for you with due diligence in reading/studying what they do and what resources are available. You can obtain an immdediate answer to your OSTE question from their canslim evaluator. As one learns from doing, I'll not dilvulge its objective evaluation of OSTE and spoil your learning experience. I hope you experience the same benefits I have thanks to someone on this site who referred me to cwhcharts. Jack --- Donald Wallker wrote: > Lois--- I reviewed Osteotech Inc.(OSTE) and > believeit to be a very good, potential, canslim > candiadate. Its IBD ratings are: currently 80, 97, > B, C and A+ and its Chart has formed a well defined > Cup, between the weeks of 5/28/02 and 7/23/02. > Interestingly, this past Friday, on seven times its > normal trading volume it barely moved up. So there > were almost as many sellers as buyers, which I > understand is a strong of a future downturn in the > stock. Thus I expect the Cup to grow a handle this > coming week. However, since I am a novice > canslimmer I would appreciate having some feed back > from the group concerning OSTE. --- Donald . > ===== Jack __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "nicky lawrence" Subject: [CANSLIM] Anyone read "Trading Classic Chart Patterns" Date: 04 Aug 2002 09:16:02 -0000 This is a multi-part message in MIME format. ------=_NextPart_000_0033_01C23B97.8E09C2A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The latest Active Trader magazine has an article about this book an = along with an article/bio about its author Tom Bulkowski. Sounded = interesting I was just wondering if I could get an unbiased review from = anyone here? Nicky=20 ------=_NextPart_000_0033_01C23B97.8E09C2A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
The latest Active Trader = magazine has an=20 article about this book an along with an article/bio about its author = Tom=20 Bulkowski.  Sounded interesting I was just wondering if I could get = an=20 unbiased review from anyone here?
 
Nicky
------=_NextPart_000_0033_01C23B97.8E09C2A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] Potential canslim candiadate Date: 04 Aug 2002 11:26:29 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_001D_01C23BA9.C70376C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, You stumbled upon a small pet peeve of mine. That is, you state that = there were "almost as many sellers as buyers" As far as I'm aware, there = are two sides to every transaction or it would not take place. However, = you're not alone in this as I commonly read the same thing whenever the = talk turns to stocks. It may be correct to state that buyers and sellers = 'agreed' on lower or higher prices, but it's incorrect to state that = there are more than one or the other..... Jon ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_001D_01C23BA9.C70376C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Donald,
 
You stumbled upon a small pet peeve of = mine. That=20 is, you state that there were "almost as many sellers as buyers" As far = as I'm=20 aware, there are two sides to every transaction or it would not take = place.=20 However, you're not alone in this as I commonly read the same thing = whenever the=20 talk turns to stocks. It may be correct to state that buyers and sellers = 'agreed' on lower or higher prices, but it's incorrect to state that = there are=20 more than one or the other.....
 
Jon
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Sunday, August 04, 2002 = 10:26=20 AM
Subject: [CANSLIM] Potential = canslim=20 candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim candiadate.  Its = IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks of=20 5/28/02 and 7/23/02.  Interestingly, this past Friday, on seven = times its=20 normal trading volume it barely moved up.  So there were almost = as many=20 sellers as buyers, which I understand is a strong of a future = downturn in=20 the stock.  Thus I expect the Cup to grow a handle this coming=20 week.  However, since I am a novice canslimmer I would appreciate = having=20 some feed back from the group concerning OSTE. ---=20 Donald   .
------=_NextPart_000_001D_01C23BA9.C70376C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "nicky lawrence" Subject: Re: [CANSLIM] Potential canslim candiadate Date: 04 Aug 2002 09:35:49 -0000 This is a multi-part message in MIME format. ------=_NextPart_000_004C_01C23B9A.5137A9C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Now I'm intrigued I had never thought of it but saying "almost as many = sellers as buyers" is not the same as "more shares bought than sold. = The latter is a valid statement the first is not. I assume the former = is what is meant when that term is used? Nicky Donald, You stumbled upon a small pet peeve of mine. That is, you state that = there were "almost as many sellers as buyers" As far as I'm aware, there = are two sides to every transaction or it would not take place. However, = you're not alone in this as I commonly read the same thing whenever the = talk turns to stocks. It may be correct to state that buyers and sellers = 'agreed' on lower or higher prices, but it's incorrect to state that = there are more than one or the other..... Jon ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_004C_01C23B9A.5137A9C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Now I'm intrigued I had never = thought of it=20 but saying "almost as many = sellers as=20 buyers" is not the same as "more shares bought than sold.  The = latter is a=20 valid statement the first is not.  I assume the former is what is meant when that term is=20 used?
Nicky
 
Donald,
 
You stumbled upon a small pet peeve of mine. That = is, you=20 state that there were "almost as many sellers as buyers" As far as I'm = aware,=20 there are two sides to every transaction or it would not take place. = However,=20 you're not alone in this as I commonly read the same thing whenever = the talk=20 turns to stocks. It may be correct to state that buyers and sellers = 'agreed'=20 on lower or higher prices, but it's incorrect to state that there are = more=20 than one or the other.....
 
Jon
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Sunday, August 04, 2002 = 10:26=20 AM
Subject: [CANSLIM] Potential = canslim=20 candiadate

Lois--- I reviewed Osteotech Inc.(OSTE) and = believeit to=20 be a very good, potential, canslim candiadate.  Its IBD ratings = are:=20 currently 80, 97, B, C and A+ and its = Chart has formed a=20 well defined Cup, between the weeks of 5/28/02 and = 7/23/02. =20 Interestingly, this past Friday, on seven times its normal trading = volume it=20 barely moved up.  So there were almost as many sellers as = buyers, which=20 I understand is a strong of a future downturn in the = stock.  Thus=20 I expect the Cup to grow a handle this coming week.  However, = since I=20 am a novice canslimmer I would appreciate having some feed back from = the=20 group concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_004C_01C23B9A.5137A9C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Potential canslim candiadate Date: 04 Aug 2002 10:57:48 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_037F_01C23BA5.C58DEA90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Please clarify ....=20 ----- Original Message -----=20 From: nicky lawrence=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 4:35 AM Subject: Re: [CANSLIM] Potential canslim candiadate Now I'm intrigued I had never thought of it but saying "almost as many = sellers as buyers" is not the same as "more shares bought than sold. = The latter is a valid statement the first is not. I assume the former = is what is meant when that term is used? Nicky ------=_NextPart_000_037F_01C23BA5.C58DEA90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Please clarify ....
----- Original Message -----
From:=20 nicky=20 lawrence
Sent: Sunday, August 04, 2002 = 4:35=20 AM
Subject: Re: [CANSLIM] = Potential canslim=20 candiadate

Now I'm intrigued I had never = thought of=20 it but saying "almost as many = sellers as=20 buyers" is not the same as "more shares bought than sold.  The = latter is=20 a valid statement the first is not.  I assume the former is what is meant when that term is=20 used?
Nicky
 
 
------=_NextPart_000_037F_01C23BA5.C58DEA90-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Date: 04 Aug 2002 13:38:14 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_013C_01C23BBC.2EE1DE00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, there are some good things that can be said about the chart of = OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault with = this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 Sent: Sunday, August 04, 2002 10:26 AM Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very good, = potential, canslim candiadate. Its IBD ratings are: currently 80, 97, = B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_013C_01C23BBC.2EE1DE00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Donald, there are some good things that can be = said about=20 the chart of OSTE (BTW, makes for better posting if you make the subj = line more=20 specific), but "formed a well defined Cup, = between the=20 weeks of 5/28/02 and 7/23/02" would not be=20 one I would say. Specifically, period is almost two short (8 weeks) for = any kind=20 of decent basing pattern, and certainly for this "M". Next is the price, = which=20 even now after a 41% gain in a single trading week is still only $8.90, = well=20 below the $12 recommended by HTMMIS and WON as a minimum to attract=20 institutional interest. Third is the sheer steepness (granted on volume) = of what=20 you obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab=20 the cup. And if this should prove over the next few weeks to be where = the handle=20 forms, then it will be forming dangerously high in this shaky = "M".
 
I am sure I or other CANSLIMers could find other = points at=20 fault with this chart, but these are already enough for me to look for = better=20 opportunities.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim candiadate

Lois--- I reviewed Osteotech Inc.(OSTE) = and=20 believeit to be a very good, potential, canslim candiadate.  Its = IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks of=20 5/28/02 and 7/23/02.  Interestingly, this past Friday, on seven = times its=20 normal trading volume it barely moved up.  So there were almost as = many=20 sellers as buyers, which I understand is a strong of a future = downturn in=20 the stock.  Thus I expect the Cup to grow a handle this coming = week. =20 However, since I am a novice canslimmer I would appreciate having some = feed back=20 from the group concerning OSTE. ---=20 Donald   .
------=_NextPart_000_013C_01C23BBC.2EE1DE00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: jch Subject: Re: [CANSLIM] WON on Shorting Date: 04 Aug 2002 12:44:44 -0500 --=======1DF86592======= Content-Type: text/plain; x-avg-checked=avg-ok-181B264; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit Tom--the pdf file did not unfold- blank page only appeared--did not wish to clutter group thread with tech problems----but if anyone else had difficulty & were able to cope or if Mona has suggestions they would be welcome-Would like to see what WON used to say about CANSLUMP :+) :+) jchjch >For those that are interested in this out of date publication, Mona was kind >enough to compress the scanned pages into a pdf file which anyone with the >Acrobat reader can download from her site. The address is > >http://www.design21.com/canslim/won_shorting.pdf > >file size is under 700 KB (vs the nearly 5 megs I started with). There are >some page numbers missing, I have checked my copy and am missing them as >well, so can only assume they were blank pages in the original copy. > >As I mentioned before, I think this publication (25 pages long) was written >about 20 years ago, so applicability to today's markets and easy access to >information and online trading may have changed a lot of what WON said then. > >Tom Worley >stkguru@bellsouth.net >AIM: TexWorley > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >--- >Incoming mail is certified Virus Free. >Checked by AVG anti-virus system (http://www.grisoft.com). >Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======1DF86592======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-181B264 Content-Disposition: inline --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======1DF86592=======-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] WON on Shorting Date: 04 Aug 2002 12:58:12 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_046F_01C23BB6.972F2090 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable jch, make sure you have latest Acrobat Reader installed. I will send you = the document offline. Gene ----- Original Message -----=20 From: jch=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 12:44 PM Subject: Re: [CANSLIM] WON on Shorting Tom--the pdf file did not unfold- blank page only appeared--did not = wish to=20 clutter group thread with tech problems----but if anyone else had=20 difficulty & were able to cope or if Mona has suggestions they would = be=20 welcome-Would like to see what WON used to say about CANSLUMP :+) :+) jchjch >For those that are interested in this out of date publication, Mona = was kind >enough to compress the scanned pages into a pdf file which anyone = with the >Acrobat reader can download from her site. The address is > >http://www.design21.com/canslim/won_shorting.pdf > >file size is under 700 KB (vs the nearly 5 megs I started with). = There are >some page numbers missing, I have checked my copy and am missing them = as >well, so can only assume they were blank pages in the original copy. > >As I mentioned before, I think this publication (25 pages long) was = written >about 20 years ago, so applicability to today's markets and easy = access to >information and online trading may have changed a lot of what WON = said then. > >Tom Worley >stkguru@bellsouth.net >AIM: TexWorley > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >--- >Incoming mail is certified Virus Free. >Checked by AVG anti-virus system (http://www.grisoft.com). >Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 ----- --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 ------=_NextPart_000_046F_01C23BB6.972F2090 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
jch, make sure you have latest Acrobat = Reader=20 installed. I will send you the document offline.
 
Gene
----- Original Message -----
From:=20 jch=20
Sent: Sunday, August 04, 2002 = 12:44=20 PM
Subject: Re: [CANSLIM] WON on=20 Shorting

Tom--the pdf file did not unfold- blank page only = appeared--did=20 not wish to
clutter group thread with tech problems----but if = anyone else=20 had
difficulty & were able to cope or if Mona has suggestions = they=20 would be
welcome-Would like to see what WON used to say about=20 CANSLUMP
:+)  :+)
jchjch

>For those that are = interested=20 in this out of date publication, Mona was kind
>enough to = compress the=20 scanned pages into a pdf file which anyone with the
>Acrobat = reader can=20 download from her site. The address=20 = is
>
>http://www.design21.com/canslim/won_shorting.pdf
>= ;
>file=20 size is under 700 KB (vs the nearly 5 megs I started with). There=20 are
>some page numbers missing, I have checked my copy and am = missing=20 them as
>well, so can only assume they were blank pages in the = original=20 copy.
>
>As I mentioned before, I think this publication = (25 pages=20 long) was written
>about 20 years ago, so applicability to = today's=20 markets and easy access to
>information and online trading may = have=20 changed a lot of what WON said then.
>
>Tom=20 Worley
>stkguru@bellsouth.net
>AIM:=20 TexWorley
>
>
>
>-
>-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
>= ;-In=20 the email body, write "subscribe canslim" or
>-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>
>---
>Incoming mail is certified = Virus=20 Free.
>Checked by AVG anti-virus system (http://www.grisoft.com).
>Versi= on:=20 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002


---
Outgoing mail is certified Virus Free.
Checked by = AVG=20 anti-virus system (http://www.grisoft.com).
Version: = 6.0.381=20 / Virus Database: 214 - Release Date: = 8/2/2002
------=_NextPart_000_046F_01C23BB6.972F2090-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] THC + USPI Date: 04 Aug 2002 14:14:19 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0528_01C23BC1.392729B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Where is a good entry point for THC and USPI? Thanks, Gene ------=_NextPart_000_0528_01C23BC1.392729B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Where is a good entry point for THC and = USPI?
 
 
 
Thanks,
Gene 
------=_NextPart_000_0528_01C23BC1.392729B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] WON on Shorting Date: 04 Aug 2002 15:12:18 -0400 Thanks, Tom and Mona, I look forward to reading this. Ann ----- Original Message ----- Sent: Sunday, August 04, 2002 10:05 AM : For those that are interested in this out of date publication, Mona was kind : enough to compress the scanned pages into a pdf file which anyone with the : Acrobat reader can download from her site. The address is : : http://www.design21.com/canslim/won_shorting.pdf : : file size is under 700 KB (vs the nearly 5 megs I started with). There are : some page numbers missing, I have checked my copy and am missing them as : well, so can only assume they were blank pages in the original copy. : : As I mentioned before, I think this publication (25 pages long) was written : about 20 years ago, so applicability to today's markets and easy access to : information and online trading may have changed a lot of what WON said then. : : Tom Worley : stkguru@bellsouth.net : AIM: TexWorley : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] WON on Shorting Date: 04 Aug 2002 15:04:31 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0013_01C23BC8.3CA48C70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks to Mona + Tom... ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Sunday, August 04, 2002 9:05 AM Subject: [CANSLIM] WON on Shorting For those that are interested in this out of date publication, Mona = was kind enough to compress the scanned pages into a pdf file which anyone with = the Acrobat reader can download from her site. The address is http://www.design21.com/canslim/won_shorting.pdf file size is under 700 KB (vs the nearly 5 megs I started with). There = are some page numbers missing, I have checked my copy and am missing them = as well, so can only assume they were blank pages in the original copy. As I mentioned before, I think this publication (25 pages long) was = written about 20 years ago, so applicability to today's markets and easy = access to information and online trading may have changed a lot of what WON said = then. Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0013_01C23BC8.3CA48C70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks to Mona + Tom...
 
----- Original Message -----
From:=20 Tom=20 Worley
To: CANSLIM
Sent: Sunday, August 04, 2002 = 9:05=20 AM
Subject: [CANSLIM] WON on = Shorting

For those that are interested in this out of date = publication,=20 Mona was kind
enough to compress the scanned pages into a pdf file = which=20 anyone with the
Acrobat reader can download from her site. The = address=20 is

http://www.desi= gn21.com/canslim/won_shorting.pdf

file=20 size is under 700 KB (vs the nearly 5 megs I started with). There = are
some=20 page numbers missing, I have checked my copy and am missing them = as
well,=20 so can only assume they were blank pages in the original = copy.

As I=20 mentioned before, I think this publication (25 pages long) was=20 written
about 20 years ago, so applicability to today's markets and = easy=20 access to
information and online trading may have changed a lot of = what WON=20 said then.

Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley



-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_0013_01C23BC8.3CA48C70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Intro Date: 04 Aug 2002 16:46:01 EDT --part1_b2.f84c777.2a7eec89_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Bill: Welcome to the group. With your background as a technical analyst, I for one am looking forward to your input and guidance. CANSLIM is an excellent methodology for approaching stock selection, or at least I think so. As you are probably aware the W. O'Neil technical method depends heavily upon the cup/handle formation, and while I agree that it is powerful when you can catch the breakout at just the right time, I have been searching for more background information. I just purchased a book on Point & Figure charting to help me identify points of resistance and support. It seems to me this will compliment the CANSLIM method. One good thing about this rotten market, it give you time to study without risking capital. You can't lose if you stay in cash. I hope things turn around for you, and I am sure they will. Charley --part1_b2.f84c777.2a7eec89_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Bill: Welcome to the group. With your background as a technical analyst, I for one am looking forward to your input and guidance. CANSLIM is an excellent methodology for approaching stock selection, or at least I think so. As you are probably aware the W. O'Neil technical method depends heavily upon the cup/handle formation, and while I agree that it is powerful when you can catch the breakout at just the right time, I have been searching for more background information. I just purchased a book on Point & Figure charting to help me identify points of resistance and support. It seems to me this will compliment the CANSLIM method.

One good thing about this rotten market, it give you time to study without risking capital. You can't lose if you stay in cash.

I hope things turn around for you, and I am sure they will.

Charley --part1_b2.f84c777.2a7eec89_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: RE: [CANSLIM] Anyone read "Trading Classic Chart Patterns" Date: 04 Aug 2002 14:05:13 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_002A_01C23BBF.F3842030 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit I have Bulkowski other book "the encyclopedia of chart patterns" but did not find it as useful as other members have. If you want to learn more about technical analysis, I would read Stan Weinsteins book "Secrets for Propering in bull and Bear Markets" That is an excellent book to start off with. Also you could go through all the chart examples in oneils books, and on investors.com . -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of nicky lawrence Sent: Sunday, August 04, 2002 2:16 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Anyone read "Trading Classic Chart Patterns" The latest Active Trader magazine has an article about this book an along with an article/bio about its author Tom Bulkowski. Sounded interesting I was just wondering if I could get an unbiased review from anyone here? Nicky ------=_NextPart_000_002A_01C23BBF.F3842030 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
I have Bulkowski other book "the encyclopedia of chart = patterns" but=20 did not find it as useful as other members have.
 
If you=20 want to learn more about technical analysis,
I=20 would read Stan Weinsteins book "Secrets for Propering in bull and Bear=20 Markets"
That=20 is an excellent book to start off with.
Also=20 you could go through all the chart examples in oneils books, and on = investors.com .
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of nicky=20 lawrence
Sent: Sunday, August 04, 2002 2:16 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] Anyone read = "Trading=20 Classic Chart Patterns"

The latest Active Trader = magazine has=20 an article about this book an along with an article/bio about its = author Tom=20 Bulkowski.  Sounded interesting I was just wondering if I could = get an=20 unbiased review from anyone here?
 
Nicky
------=_NextPart_000_002A_01C23BBF.F3842030-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] Private Conversations Date: 04 Aug 2002 16:23:15 -0500 Kris, What is your problem??? This situation has been discussed, done and over with. Grow up!!! KrisFg@aol.com wrote: > > Lois/Donald, your private conversations should be handled offline, > don't you think? Siblings should beware of that. > > Lois, I heard that you can get free software from that investors > software company that you mention in almost every post, IF YOU MENTION > IT ON USERS GROUPS, is that your arrangement or are you just one of > their employees? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Potential canslim candiadate Date: 04 Aug 2002 11:41:17 -1000 Hi Jack, Thanks for the plug. I ran the evaluator on OSTE and saw a bug that I'll fix later. My policy with this idiot is to ignore him in the hope he will go away. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jack Tencza Sent: Sunday, August 04, 2002 5:13 AM Besides reading and reading WON's books, (as well as reading some great info on this site)I have gained much understanding of the CANSLIM system from cwhcharts.com. It could be just as rewarding for you with due diligence in reading/studying what they do and what resources are available. You can obtain an immdediate answer to your OSTE question from their canslim evaluator. As one learns from doing, I'll not dilvulge its objective evaluation of OSTE and spoil your learning experience. I hope you experience the same benefits I have thanks to someone on this site who referred me to cwhcharts. Jack --- Donald Wallker wrote: > Lois--- I reviewed Osteotech Inc.(OSTE) and > believeit to be a very good, potential, canslim > candiadate. Its IBD ratings are: currently 80, 97, > B, C and A+ and its Chart has formed a well defined > Cup, between the weeks of 5/28/02 and 7/23/02. > Interestingly, this past Friday, on seven times its > normal trading volume it barely moved up. So there > were almost as many sellers as buyers, which I > understand is a strong of a future downturn in the > stock. Thus I expect the Cup to grow a handle this > coming week. However, since I am a novice > canslimmer I would appreciate having some feed back > from the group concerning OSTE. --- Donald . > ===== Jack __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] THC + USPI Date: 04 Aug 2002 18:44:07 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_01D8_01C23BE6.EA4F0800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, I don't see one at all on USPI. On THC, I saw none on a daily = chart, but on a weekly chart the LLUR type pattern jumped out, although = it is pretty rough and the swings could shake you out. ----- Original Message -----=20 Sent: Sunday, August 04, 2002 3:14 PM Where is a good entry point for THC and USPI? Thanks, Gene=20 ------=_NextPart_000_01D8_01C23BE6.EA4F0800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene, I don't see one at all on USPI. On THC, I = saw none=20 on a daily chart, but on a weekly chart the LLUR type pattern jumped = out,=20 although it is pretty rough and the swings could shake you = out.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Sunday, August 04, 2002 3:14 PM
Subject: [CANSLIM] THC + USPI

Where is a good entry point for THC and = USPI?
 
 
 
Thanks,
Gene 
------=_NextPart_000_01D8_01C23BE6.EA4F0800-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Rocky Sanghvi" Subject: RE: [CANSLIM] Market trend Date: 04 Aug 2002 19:35:08 -0400 This thing is not done by far. The biggest threat comes now from Structural finance and massive dislocations of credit. And yes, continued high pe's and the future earnings dont materialize. Rocky -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dan Forant Sent: Saturday, August 03, 2002 7:44 PM This market is more effected by bad earnings and p/e's. The bubble burst a long time ago. It's just going to take more quarters to swing the market. Notice the newly handcuffed Wall Street perpetrators that didn't rally the market recently like the first arrests. I never bought into that. The real culprits are, p/e's, and earnings along with the 9/11 disaster that broke the camels back. Some say stocks are cheap. Yeah, tech's, try em. DanF ----- Original Message ----- Sent: Saturday, August 03, 2002 3:03 PM > Gary I can't speak for anyone but myself. I know that I am tired of all > the scandal, terrorism, etc. Perhaps others are too. There comes a > point when more of the same old news is no longer impressive. Hopefully > others in the market are indicating the same. A good market will shrug > off bad news. I'm not saying it will start going up, just this batch of > news is old and worn out. > > Regards > Kent Norman > > --- "Gary A. Snyder" wrote: > > All: > > I look at Market trend at MSN provided by Camelback Research > > Alliance, Inc. > > > > > Question: Have we seen a major trend reversal in the market this > > week? Can > > all the problems with Accounting, Terrorism, Overvaluations, Double > > dip > > recession and the Possibility Consumer spending slowing be ignored by > > the > > market for more than a week or two? Gary > > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] THC + USPI Date: 04 Aug 2002 21:04:27 EDT --part1_7a.2add08d2.2a7f291b_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Gene: I will share my opinion with you. THC has good fundamentals, other than the 82% debt load, and certainly looks like a good candidate. (I would want to know more about the debt.) It appears to be forming a cup with the left side peaking on June 17th with a high of $52.19. So far the cup mid point is about $47.00 so I would be looking for the right side to complete somewhere around $50.00. Since this could take another 2 or 3 weeks I wouldn't be in a rush to buy. While I was waiting I would try to find out why the stock took a $4.00 plus nose dive on July 22nd. Note that the current price of $47.87 is setting on the 50 day moving average. Unless it climbs above that average I would not buy. As a CANSLIMer I am sure you know that should the cup form a good handle at about that $50 mark, then you should buy within 105% of that pivot point when the breakout occurs. (Remember, I am guessing about $50 as the pivot, but it will be in that neighborhood if it occurs.) One last point. With the funds owning 52% of the company you really cannot expect a blowout breakout. Most of the players are already on board. USPI Is a CANSLIM candidate although the funds own 42% of this company, so you can't expect much of a bang when, and if, it breaks out. The left side of the cup was formed on June 17th at $34.65. The mid point is $29.00 so you can see the right side of the cup has yet to clear the mid point. Again, I would guess it will take 3 or 4 weeks to climb to the right side pivot, which may be in the $32 range. So, to answer your question, I think the prudent thing to do is to wait for the cups to develop which should be within the month. In your favor is the fact that both of these stocks are not that far off of their 52 week highs so there should not be much resistance as the prices move up. Having said all that you will probably make a mistake if you buy either stock before the market corrects. Buying in this market is like trying to paddle up Niagara Falls. Charley --part1_7a.2add08d2.2a7f291b_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Gene: I will share my opinion with you.

THC has good fundamentals, other than the 82% debt load, and certainly looks like a good candidate. (I would want to know more about the debt.) It appears to be forming a cup with the left side peaking on June 17th with a high of $52.19. So far the cup mid point is about $47.00 so I would be looking for the right side to complete somewhere around $50.00. Since this could take another 2 or 3 weeks I wouldn't be in a rush to buy. While I was waiting I would try to find out why the stock took a $4.00 plus nose dive on July 22nd. Note that the current price of $47.87 is setting on the 50 day moving average. Unless it climbs above that average I would not buy.

As a CANSLIMer I am sure you know that should the cup form a good handle at about that $50 mark, then you should buy within 105% of that pivot point when the breakout occurs. (Remember, I am guessing about $50 as the pivot, but it will be in that neighborhood if it occurs.) One last point. With the funds owning 52% of the company you really cannot expect a blowout breakout. Most of the players are already on board.

USPI Is a CANSLIM candidate although the funds own 42% of this company, so you can't expect much of a bang when, and if, it breaks out. The left side of the cup was formed on June 17th at $34.65. The mid point is $29.00 so you can see the right side of the cup has yet to clear the mid point. Again, I would guess it will take 3 or 4 weeks to climb to the right side pivot, which may be in the $32 range.

So, to answer your question, I think the prudent thing to do is to wait for the cups to develop which should be within the month. In your favor is the fact that both of these stocks are not that far off of their 52 week highs so there should not be much resistance as the prices move up.

Having said all that you will probably make a mistake if you buy either stock before the market corrects. Buying in this market is like trying to paddle up Niagara Falls.

Charley
--part1_7a.2add08d2.2a7f291b_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] THC + USPI Date: 04 Aug 2002 21:17:17 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0128_01C23BFC.4F7D6310 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0129_01C23BFC.4F7D6310" ------=_NextPart_001_0129_01C23BFC.4F7D6310 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Charley, I couldn't find anything to cause the drop on 7/22 = except that the whole market was going south. Here's a compare of THC = and NASDAQ during that time: Thanks for you excellent input, Gene ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 8:04 PM Subject: Re: [CANSLIM] THC + USPI Hi Gene: I will share my opinion with you.=20 THC has good fundamentals, other than the 82% debt load, and certainly = looks like a good candidate. (I would want to know more about the debt.) = It appears to be forming a cup with the left side peaking on June 17th = with a high of $52.19. So far the cup mid point is about $47.00 so I = would be looking for the right side to complete somewhere around $50.00. = Since this could take another 2 or 3 weeks I wouldn't be in a rush to = buy. While I was waiting I would try to find out why the stock took a = $4.00 plus nose dive on July 22nd. Note that the current price of $47.87 = is setting on the 50 day moving average. Unless it climbs above that = average I would not buy.=20 As a CANSLIMer I am sure you know that should the cup form a good = handle at about that $50 mark, then you should buy within 105% of that = pivot point when the breakout occurs. (Remember, I am guessing about $50 = as the pivot, but it will be in that neighborhood if it occurs.) One = last point. With the funds owning 52% of the company you really cannot = expect a blowout breakout. Most of the players are already on board.=20 USPI Is a CANSLIM candidate although the funds own 42% of this = company, so you can't expect much of a bang when, and if, it breaks out. = The left side of the cup was formed on June 17th at $34.65. The mid = point is $29.00 so you can see the right side of the cup has yet to = clear the mid point. Again, I would guess it will take 3 or 4 weeks to = climb to the right side pivot, which may be in the $32 range.=20 So, to answer your question, I think the prudent thing to do is to = wait for the cups to develop which should be within the month. In your = favor is the fact that both of these stocks are not that far off of = their 52 week highs so there should not be much resistance as the prices = move up.=20 Having said all that you will probably make a mistake if you buy = either stock before the market corrects. Buying in this market is like = trying to paddle up Niagara Falls.=20 Charley=20 ------=_NextPart_001_0129_01C23BFC.4F7D6310 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Charley, I couldn't find = anything to=20 cause the drop on 7/22 except that the whole market was going south. = Here's a=20 compare of THC and NASDAQ during that time:
 
 
Thanks for you excellent = input,
Gene
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Sunday, August 04, 2002 = 8:04=20 PM
Subject: Re: [CANSLIM] THC + = USPI

Hi Gene: I = will share=20 my opinion with you.

THC has good fundamentals, other than the = 82%=20 debt load, and certainly looks like a good candidate. (I would want to = know=20 more about the debt.) It appears to be forming a cup with the left = side=20 peaking on June 17th with a high of $52.19. So far the cup mid point = is about=20 $47.00 so I would be looking for the right side to complete somewhere = around=20 $50.00. Since this could take another 2 or 3 weeks I wouldn't be in a = rush to=20 buy. While I was waiting I would try to find out why the stock took a = $4.00=20 plus nose dive on July 22nd. Note that the current price of $47.87 is = setting=20 on the 50 day moving average. Unless it climbs above that average I = would not=20 buy.

As a CANSLIMer I am sure you know that should the cup = form a good=20 handle at about that $50 mark, then you should buy within 105% of that = pivot=20 point when the breakout occurs. (Remember, I am guessing about $50 as = the=20 pivot, but it will be in that neighborhood if it occurs.) One last = point. With=20 the funds owning 52% of the company you really cannot expect a blowout = breakout. Most of the players are already on board.

USPI Is a = CANSLIM=20 candidate although the funds own 42% of this company, so you can't = expect much=20 of a bang when, and if, it breaks out. The left side of the cup was = formed on=20 June 17th at $34.65. The mid point is $29.00 so you can see the right = side of=20 the cup has yet to clear the mid point. Again, I would guess it will = take 3 or=20 4 weeks to climb to the right side pivot, which may be in the $32 = range.=20

So, to answer your question, I think the prudent thing to do = is to=20 wait for the cups to develop which should be within the month. In your = favor=20 is the fact that both of these stocks are not that far off of their 52 = week=20 highs so there should not be much resistance as the prices move up.=20

Having said all that you will probably make a mistake if you = buy=20 either stock before the market corrects. Buying in this market is like = trying=20 to paddle up Niagara Falls.

Charley=20
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] Software criticism (was: Private Conversations) Date: 04 Aug 2002 23:33:27 -0400 > Date: Sun, 04 Aug 2002 16:23:15 -0500 > From: Lois > > Kris, > > What is your problem??? This situation has been discussed, done and > over with. Grow up!!! > > KrisFg@aol.com wrote: > > > > Lois/Donald, your private conversations should be handled offline, > > don't you think? Siblings should beware of that. > > > > Lois, I heard that you can get free software from that investors > > software company that you mention in almost every post, IF YOU MENTION > > IT ON USERS GROUPS, is that your arrangement or are you just one of > > their employees? Lois, what is YOUR problem? Your response to Kris' question is inappropriate. If there is someone who needs to grow up it is you! Information about software might be useful, that includes criticism of it. If you can't stand it don't mention your software. I believe someone questioned its usefulness. Here is the result of the earlier selections for Aug 2: Symbol Last Trade Change Change % SLAB 22.25 -1.391 -5.88 CECO 42.93 -1.82 -4.07 NBTY 15.31 0.02 0.13 CYMI 25.37 -1.47 -5.48 DGX 58.63 -1.79 -2.96 XRAY 38.7 -0.46 -1.17 JDAS 12.89 -1.18 -8.39 LNCR 31.5 -0.11 -0.35 SFNT 18.86 -0.08 -0.44 SCUR 2.55 -0.35 -12.07 LEXR 3.63 -0.26 -6.68 SUNW 3.66 -0.30 -7.79 ISSX 15.45 -0.25 -1.59 XLNX 17.41 -0.84 -4.6 SYMC 31.14 -0.48 -1.52 F 12.45 -0.6 -4.6 RETK 6.95 -0.05 -0.71 MCHP 21.01 0.01 0.05 PPDI 21.97 -0.51 -2.27 Average -3.70% Dow 8,313.13 -193.49 -2.27% Nasdaq 1,247.92 -32.08 -2.51% - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Private Conversations Date: 05 Aug 2002 05:07:12 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00B4_01C23C3D.F54CD500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I see that trash mouth is at it again ----- Original Message -----=20 From: KrisFg@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 11:09 AM Subject: [CANSLIM] Private Conversations Lois/Donald, your private conversations should be handled offline, = don't you think? Siblings should beware of that. Lois, I heard that you can get free software from that investors = software company that you mention in almost every post, IF YOU MENTION = IT ON USERS GROUPS, is that your arrangement or are you just one of = their employees?=20 ------=_NextPart_000_00B4_01C23C3D.F54CD500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I see that trash mouth is at it = again
----- Original Message -----
From:=20 KrisFg@aol.com
Sent: Sunday, August 04, 2002 = 11:09=20 AM
Subject: [CANSLIM] Private=20 Conversations

Lois/Donald, your private conversations should be = handled=20 offline, don't you think? Siblings should beware of that.

Lois, = I heard=20 that you can get free software from that investors software company = that you=20 mention in almost every post, IF YOU MENTION IT ON USERS GROUPS, is = that your=20 arrangement or are you just one of their employees?=20
------=_NextPart_000_00B4_01C23C3D.F54CD500-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Potential canslim candiadate Date: 05 Aug 2002 04:53:39 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_001E_01C23C3C.10767C20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nicky and Jon ------------Thank you for the feedback. You're both right = and I'm wrong. .Of course it's the the number of shares bought vs sold. = Donald ----- Original Message -----=20 From: nicky lawrence=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 5:35 AM Subject: Re: [CANSLIM] Potential canslim candiadate Now I'm intrigued I had never thought of it but saying "almost as many = sellers as buyers" is not the same as "more shares bought than sold. = The latter is a valid statement the first is not. I assume the former = is what is meant when that term is used? Nicky Donald, You stumbled upon a small pet peeve of mine. That is, you state that = there were "almost as many sellers as buyers" As far as I'm aware, there = are two sides to every transaction or it would not take place. However, = you're not alone in this as I commonly read the same thing whenever the = talk turns to stocks. It may be correct to state that buyers and sellers = 'agreed' on lower or higher prices, but it's incorrect to state that = there are more than one or the other..... Jon ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_001E_01C23C3C.10767C20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nicky and Jon ------------Thank you for = the=20 feedback.  You're both right and I'm wrong.  .Of course it's=20 the the number of shares bought vs sold.   =20 Donald
----- Original Message -----
From:=20 nicky=20 lawrence
Sent: Sunday, August 04, 2002 = 5:35=20 AM
Subject: Re: [CANSLIM] = Potential canslim=20 candiadate

Now I'm intrigued I had never = thought of=20 it but saying "almost as many = sellers as=20 buyers" is not the same as "more shares bought than sold.  The = latter is=20 a valid statement the first is not.  I assume the former is what is meant when that term is=20 used?
Nicky
 
Donald,
 
You stumbled upon a small pet peeve of mine. = That is, you=20 state that there were "almost as many sellers as buyers" As far as = I'm=20 aware, there are two sides to every transaction or it would not take = place.=20 However, you're not alone in this as I commonly read the same thing = whenever=20 the talk turns to stocks. It may be correct to state that buyers and = sellers=20 'agreed' on lower or higher prices, but it's incorrect to state that = there=20 are more than one or the other.....
 
Jon
----- Original Message ----- =
From:=20 Donald = Wallker=20
To: canslim@lists.xmission.com= =20
Sent: Sunday, August 04, = 2002 10:26=20 AM
Subject: [CANSLIM] = Potential canslim=20 candiadate

Lois--- I reviewed Osteotech Inc.(OSTE) and = believeit to=20 be a very good, potential, canslim candiadate.  Its IBD = ratings are:=20 currently 80, 97, B, C and A+ and its = Chart has formed a=20 well defined Cup, between the weeks of 5/28/02 and=20 7/23/02.  Interestingly, this past Friday, on seven times its = normal=20 trading volume it barely moved up.  So there were almost as = many=20 sellers as buyers, which I understand is a strong of a future = downturn in the stock.  Thus I expect the Cup to grow a = handle this=20 coming week.  However, since I am a novice canslimmer I would = appreciate having some feed back from the group=20 concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_001E_01C23C3C.10767C20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] re; canslim thc Date: 05 Aug 2002 06:36:50 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0007_01C23C4A.7B0AB160 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable According to their SEC filing of July 10 I'm under the impression that = THC sold a block of shares almost 40 million .If that is the case the = shares have been diluted by about %8. Would someone out there take a = look at the SEC filing to be sure my impression is correct? Donald ------=_NextPart_000_0007_01C23C4A.7B0AB160 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
According to their SEC filing of July = 10 I'm under=20 the impression that  THC sold a  block of shares almost = 40=20 million .If that is the case the shares have been diluted by about = %8. =20 Would someone out there take a look at the SEC filing to be sure my = impression=20 is correct?  Donald
------=_NextPart_000_0007_01C23C4A.7B0AB160-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Software criticism (was: Private Conversations) Date: 05 Aug 2002 07:01:44 -0400 Thank you Hermann. You took the words right out of my mouth. Donald ----- Original Message ----- Sent: Sunday, August 04, 2002 11:33 PM > > Date: Sun, 04 Aug 2002 16:23:15 -0500 > > From: Lois > > > > Kris, > > > > What is your problem??? This situation has been discussed, done and > > over with. Grow up!!! > > > > KrisFg@aol.com wrote: > > > > > > Lois/Donald, your private conversations should be handled offline, > > > don't you think? Siblings should beware of that. > > > > > > Lois, I heard that you can get free software from that investors > > > software company that you mention in almost every post, IF YOU MENTION > > > IT ON USERS GROUPS, is that your arrangement or are you just one of > > > their employees? > > > Lois, what is YOUR problem? > Your response to Kris' question is inappropriate. > If there is someone who needs to grow up it is you! > > Information about software might be useful, that includes > criticism of it. If you can't stand it don't mention your > software. I believe someone questioned its usefulness. > > Here is the result of the earlier selections for Aug 2: > cur+lexr+sunw+issx+xlnx+symc+f+retk+mchp+ppdi+&d=v1> > > Symbol Last Trade Change Change % > SLAB 22.25 -1.391 -5.88 > CECO 42.93 -1.82 -4.07 > NBTY 15.31 0.02 0.13 > CYMI 25.37 -1.47 -5.48 > DGX 58.63 -1.79 -2.96 > XRAY 38.7 -0.46 -1.17 > JDAS 12.89 -1.18 -8.39 > LNCR 31.5 -0.11 -0.35 > SFNT 18.86 -0.08 -0.44 > SCUR 2.55 -0.35 -12.07 > LEXR 3.63 -0.26 -6.68 > SUNW 3.66 -0.30 -7.79 > ISSX 15.45 -0.25 -1.59 > XLNX 17.41 -0.84 -4.6 > SYMC 31.14 -0.48 -1.52 > F 12.45 -0.6 -4.6 > RETK 6.95 -0.05 -0.71 > MCHP 21.01 0.01 0.05 > PPDI 21.97 -0.51 -2.27 > Average -3.70% > > Dow 8,313.13 -193.49 -2.27% > Nasdaq 1,247.92 -32.08 -2.51% > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Date: 05 Aug 2002 07:10:05 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_001C_01C23C4F.202517E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom ---Thank you very much for the feedback. It's pretty evident to me = that I have a lot of boning up to do .--- By the way do you think SYY = and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the chart of = OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault with = this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_001C_01C23C4F.202517E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom ---Thank you very much for the = feedback. =20 It's pretty evident to me that I have a lot of boning up to do .--- By = the way=20 do you think SYY and CSTR are better potential candiadates?=20 ...Donald
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 04, 2002 = 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that can be = said=20 about the chart of OSTE (BTW, makes for better posting if you make the = subj=20 line more specific), but "formed a well defined = Cup,=20 between the weeks of 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost=20 two short (8 weeks) for any kind of decent basing pattern, and = certainly for=20 this "M". Next is the price, which even now after a 41% gain in a = single=20 trading week is still only $8.90, well below the $12 recommended by = HTMMIS and=20 WON as a minimum to attract institutional interest. Third is the sheer = steepness (granted on volume) of what you obviously see as the right = side of=20 the cup. Thru Friday, there is no evidence of a handle forming, and = without a=20 handle, you don't know where to grab the cup. And if this should prove = over=20 the next few weeks to be where the handle forms, then it will be = forming=20 dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could find = other points=20 at fault with this chart, but these are already enough for me to look = for=20 better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim candiadate.  Its = IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks of=20 5/28/02 and 7/23/02.  Interestingly, this past Friday, on seven = times its=20 normal trading volume it barely moved up.  So there were almost = as many=20 sellers as buyers, which I understand is a strong of a future = downturn in=20 the stock.  Thus I expect the Cup to grow a handle this coming=20 week.  However, since I am a novice canslimmer I would appreciate = having=20 some feed back from the group concerning OSTE. ---=20 Donald   .
------=_NextPart_000_001C_01C23C4F.202517E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Date: 05 Aug 2002 07:26:36 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0071_01C23C51.6E798370 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to use this = time to reread and study HTMMIS and the 24 Lessons. Be careful following = the lead of IBD, they have to sell a newspaper every day, so they have = to say something. But their guidance, and "insight" often seems to stray = far afield from true CANSLIM. ----- Original Message -----=20 Sent: Monday, August 05, 2002 7:10 AM Tom ---Thank you very much for the feedback. It's pretty evident to me = that I have a lot of boning up to do .--- By the way do you think SYY = and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the chart of = OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault with = this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_0071_01C23C51.6E798370 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Donald, I don't think there are any candidates = right now=20 for most investors, except for watching and learning. SYY is likely = enjoying the=20 benefit of that money that must remain in the markets (mutual funds for=20 instance) continuing to move into more defensive stocks (even in a = recession,=20 people must eat). I have noted CSTR before, don't know why it is doing = so well=20 overall. But even without regard to "M" clearly saying stay in cash, = neither=20 present me with any indication of an entry point.
 
I encourage everyone that truly wants to be good = at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 Lessons. = Be=20 careful following the lead of IBD, they have to sell a newspaper every = day, so=20 they have to say something. But their guidance, and "insight" often = seems to=20 stray far afield from true CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim=20 candiadate)

Tom ---Thank you very much for the = feedback. =20 It's pretty evident to me that I have a lot of boning up to do .--- By = the way=20 do you think SYY and CSTR are better potential candiadates?=20 ...Donald
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 04, 2002 = 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that can be = said=20 about the chart of OSTE (BTW, makes for better posting if you make the = subj=20 line more specific), but "formed a well defined = Cup,=20 between the weeks of 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost=20 two short (8 weeks) for any kind of decent basing pattern, and = certainly for=20 this "M". Next is the price, which even now after a 41% gain in a = single=20 trading week is still only $8.90, well below the $12 recommended by = HTMMIS and=20 WON as a minimum to attract institutional interest. Third is the sheer = steepness (granted on volume) of what you obviously see as the right = side of=20 the cup. Thru Friday, there is no evidence of a handle forming, and = without a=20 handle, you don't know where to grab the cup. And if this should prove = over=20 the next few weeks to be where the handle forms, then it will be = forming=20 dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could find = other points=20 at fault with this chart, but these are already enough for me to look = for=20 better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim candiadate.  Its = IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks of=20 5/28/02 and 7/23/02.  Interestingly, this past Friday, on seven = times its=20 normal trading volume it barely moved up.  So there were almost = as many=20 sellers as buyers, which I understand is a strong of a future = downturn in=20 the stock.  Thus I expect the Cup to grow a handle this coming=20 week.  However, since I am a novice canslimmer I would appreciate = having=20 some feed back from the group concerning OSTE. ---=20 Donald   .
------=_NextPart_000_0071_01C23C51.6E798370-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] re; canslim thc Date: 05 Aug 2002 07:48:50 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01B6_01C23C54.89ED1290 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, I don't see any primary offering on 7/10, only a 13G/A, an amendment to = the statement of beneficial ownership of common stock (stock which is = already in the float, not an addition to it). You can read the details of this amendment at: http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D0000315066= -02-002044 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 5:36 AM Subject: [CANSLIM] re; canslim thc According to their SEC filing of July 10 I'm under the impression that = THC sold a block of shares almost 40 million .If that is the case the = shares have been diluted by about %8. Would someone out there take a = look at the SEC filing to be sure my impression is correct? Donald ------=_NextPart_000_01B6_01C23C54.89ED1290 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Donald,
 
I don't see any primary offering on 7/10, only a 13G/A, an = amendment to the=20 statement of beneficial ownership of common stock (stock which is = already in the=20 float, not an addition to it).
 
You can read the details of this amendment at:
http://www.edgar-online.com/bin/edgardoc/finSys_main.= asp?dcn=3D0000315066-02-002044
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 5:36=20 AM
Subject: [CANSLIM] re; canslim = thc

According to their SEC filing of July = 10 I'm=20 under the impression that  THC sold a  block of shares = almost=20 40 million .If that is the case the shares have been diluted by about=20 %8.  Would someone out there take a look at the SEC filing to be = sure my=20 impression is correct?  = Donald
------=_NextPart_000_01B6_01C23C54.89ED1290-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] Software criticism (was: Private Conversations) Date: 05 Aug 2002 07:55:52 -0500 Hermann, I can't resist. WHAT IS YOUR PROBLEM??? Your response to me is totally inappropriate. 1)Donald and I are not siblings 2)Kris needs to post a link to that SLANDEROUS info he/she "heard"> Lois, I heard that you can get free software from that investors software company that you mention in almost every post, IF YOU MENTION IT ON USERS GROUPS, is that your arrangement or are you just one of their employees? Hermann Ertl wrote: > > > Date: Sun, 04 Aug 2002 16:23:15 -0500 > > From: Lois > > > > Kris, > > > > What is your problem??? This situation has been discussed, done and > > over with. Grow up!!! > > > > KrisFg@aol.com wrote: > > > > > > Lois/Donald, your private conversations should be handled offline, > > > don't you think? Siblings should beware of that. > > > > > > Lois, I heard that you can get free software from that investors > > > software company that you mention in almost every post, IF YOU MENTION > > > IT ON USERS GROUPS, is that your arrangement or are you just one of > > > their employees? > > Lois, what is YOUR problem? > Your response to Kris' question is inappropriate. > If there is someone who needs to grow up it is you! > > Information about software might be useful, that includes > criticism of it. If you can't stand it don't mention your > software. I believe someone questioned its usefulness. > > Here is the result of the earlier selections for Aug 2: > cur+lexr+sunw+issx+xlnx+symc+f+retk+mchp+ppdi+&d=v1> > > Symbol Last Trade Change Change % > SLAB 22.25 -1.391 -5.88 > CECO 42.93 -1.82 -4.07 > NBTY 15.31 0.02 0.13 > CYMI 25.37 -1.47 -5.48 > DGX 58.63 -1.79 -2.96 > XRAY 38.7 -0.46 -1.17 > JDAS 12.89 -1.18 -8.39 > LNCR 31.5 -0.11 -0.35 > SFNT 18.86 -0.08 -0.44 > SCUR 2.55 -0.35 -12.07 > LEXR 3.63 -0.26 -6.68 > SUNW 3.66 -0.30 -7.79 > ISSX 15.45 -0.25 -1.59 > XLNX 17.41 -0.84 -4.6 > SYMC 31.14 -0.48 -1.52 > F 12.45 -0.6 -4.6 > RETK 6.95 -0.05 -0.71 > MCHP 21.01 0.01 0.05 > PPDI 21.97 -0.51 -2.27 > Average -3.70% > > Dow 8,313.13 -193.49 -2.27% > Nasdaq 1,247.92 -32.08 -2.51% > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] re; canslim thc Date: 05 Aug 2002 08:59:22 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00DA_01C23C5E.6405CF90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable 6/20 they also filed notice to issue $400 million of Senior Notes, might = relate to that ----- Original Message -----=20 Sent: Monday, August 05, 2002 8:48 AM Donald, I don't see any primary offering on 7/10, only a 13G/A, an amendment to = the statement of beneficial ownership of common stock (stock which is = already in the float, not an addition to it). You can read the details of this amendment at: http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D0000315066= -02-002044 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 5:36 AM Subject: [CANSLIM] re; canslim thc According to their SEC filing of July 10 I'm under the impression that = THC sold a block of shares almost 40 million .If that is the case the = shares have been diluted by about %8. Would someone out there take a = look at the SEC filing to be sure my impression is correct? Donald ------=_NextPart_000_00DA_01C23C5E.6405CF90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
6/20 they also filed notice to issue $400 = million of=20 Senior Notes, might relate to that
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Monday, August 05, 2002 8:48 AM
Subject: Re: [CANSLIM] re; canslim thc

Donald,
 
I don't see any primary offering on 7/10, only a 13G/A, an = amendment to the=20 statement of beneficial ownership of common stock (stock which is = already in the=20 float, not an addition to it).
 
You can read the details of this amendment at:
http://www.edgar-online.com/bin/edgardoc/finSys_main.= asp?dcn=3D0000315066-02-002044
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 5:36=20 AM
Subject: [CANSLIM] re; canslim = thc

According to their SEC filing of July = 10 I'm=20 under the impression that  THC sold a  block of shares = almost=20 40 million .If that is the case the shares have been diluted by about=20 %8.  Would someone out there take a look at the SEC filing to be = sure my=20 impression is correct?  = Donald
------=_NextPart_000_00DA_01C23C5E.6405CF90-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] re; canslim thc Date: 05 Aug 2002 09:13:35 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000C_01C23C60.60703AD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine - Thanks for the feedback - Donald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:48 AM Subject: Re: [CANSLIM] re; canslim thc Donald, I don't see any primary offering on 7/10, only a 13G/A, an amendment = to the statement of beneficial ownership of common stock (stock which is = already in the float, not an addition to it). You can read the details of this amendment at: = http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D0000315066= -02-002044 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 5:36 AM Subject: [CANSLIM] re; canslim thc According to their SEC filing of July 10 I'm under the impression = that THC sold a block of shares almost 40 million .If that is the case = the shares have been diluted by about %8. Would someone out there take = a look at the SEC filing to be sure my impression is correct? Donald ------=_NextPart_000_000C_01C23C60.60703AD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine -  Thanks for the = feedback - =20 Donald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 05, 2002 = 8:48=20 AM
Subject: Re: [CANSLIM] re; = canslim=20 thc

Donald,
 
I don't see any primary offering on 7/10, only a 13G/A, an = amendment to=20 the statement of beneficial ownership of common stock (stock which is = already=20 in the float, not an addition to it).
 
You can read the details of this amendment at:
http://www.edgar-online.com/bin/edgardoc/finSys_main.= asp?dcn=3D0000315066-02-002044
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 5:36=20 AM
Subject: [CANSLIM] re; = canslim=20 thc

According to their SEC filing of = July 10 I'm=20 under the impression that  THC sold a  block of = shares almost=20 40 million .If that is the case the shares have been diluted by = about=20 %8.  Would someone out there take a look at the SEC filing to = be sure=20 my impression is correct? =20 Donald
------=_NextPart_000_000C_01C23C60.60703AD0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Potential canslim candiadate Date: 05 Aug 2002 09:15:39 -0400 I've been ignoring you for a long time. ----- Original Message ----- Sent: Sunday, August 04, 2002 5:41 PM > Hi Jack, > > Thanks for the plug. I ran the evaluator on OSTE and saw a bug that I'll fix > later. > > My policy with this idiot is to ignore him in the hope he will go away. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jack Tencza > Sent: Sunday, August 04, 2002 5:13 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Potential canslim candiadate > > > Besides reading and reading WON's books, (as well as > reading some great info on this site)I have gained > much understanding of the CANSLIM system from > cwhcharts.com. It could be just as rewarding for you > with due diligence in reading/studying what they do > and what resources are available. You can obtain an > immdediate answer to your OSTE question from their > canslim evaluator. As one learns from doing, I'll not > dilvulge its objective evaluation of OSTE and spoil > your learning experience. > > I hope you experience the same benefits I have thanks > to someone on this site who referred me to cwhcharts. > > Jack > --- Donald Wallker wrote: > > Lois--- I reviewed Osteotech Inc.(OSTE) and > > believeit to be a very good, potential, canslim > > candiadate. Its IBD ratings are: currently 80, 97, > > B, C and A+ and its Chart has formed a well defined > > Cup, between the weeks of 5/28/02 and 7/23/02. > > Interestingly, this past Friday, on seven times its > > normal trading volume it barely moved up. So there > > were almost as many sellers as buyers, which I > > understand is a strong of a future downturn in the > > stock. Thus I expect the Cup to grow a handle this > > coming week. However, since I am a novice > > canslimmer I would appreciate having some feed back > > from the group concerning OSTE. --- Donald . > > > > > ===== > Jack > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Date: 05 Aug 2002 09:26:21 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_004E_01C23C62.29325060 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to use = this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Tom ---Thank you very much for the feedback. It's pretty evident to = me that I have a lot of boning up to do .--- By the way do you think SYY = and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the chart = of OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault = with this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_004E_01C23C62.29325060 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
What do you mean when you say that = "neither present=20 you with any indication of an entry point" --I have suggested SYY and = CSTR as=20 "potential" canslim candiadates and didn't know that such candiadates = had to=20 present indications of entry points. 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Monday, August 05, 2002 = 7:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, I don't think there are any candidates = right now=20 for most investors, except for watching and learning. SYY is likely = enjoying=20 the benefit of that money that must remain in the markets (mutual = funds for=20 instance) continuing to move into more defensive stocks (even in a = recession,=20 people must eat). I have noted CSTR before, don't know why it is doing = so well=20 overall. But even without regard to "M" clearly saying stay in cash, = neither=20 present me with any indication of an entry point.
 
I encourage everyone that truly wants to be = good at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 = Lessons. Be=20 careful following the lead of IBD, they have to sell a newspaper every = day, so=20 they have to say something. But their guidance, and "insight" often = seems to=20 stray far afield from true CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim=20 candiadate)

Tom ---Thank you very much for the=20 feedback.  It's pretty evident to me that I have a lot of boning = up to do=20 .--- By the way do you think SYY and CSTR are better potential = candiadates?=20 ...Donald
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 04, 2002 = 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that can = be said=20 about the chart of OSTE (BTW, makes for better posting if you make = the subj=20 line more specific), but "formed a well defined = Cup,=20 between the weeks of 5/28/02 and 7/23/02" would not be one I would say. Specifically, = period is=20 almost two short (8 weeks) for any kind of decent basing pattern, = and=20 certainly for this "M". Next is the price, which even now after a = 41% gain=20 in a single trading week is still only $8.90, well below the $12 = recommended=20 by HTMMIS and WON as a minimum to attract institutional interest. = Third is=20 the sheer steepness (granted on volume) of what you obviously see as = the=20 right side of the cup. Thru Friday, there is no evidence of a handle = forming, and without a handle, you don't know where to grab the cup. = And if=20 this should prove over the next few weeks to be where the handle = forms, then=20 it will be forming dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could find = other=20 points at fault with this chart, but these are already enough for me = to look=20 for better opportunities.
 
----- Original Message -----=20
From: = Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim candiadate.  = Its IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks=20 of 5/28/02 and 7/23/02.  Interestingly, this past Friday, on = seven=20 times its normal trading volume it barely moved up.  So there = were=20 almost as many sellers as buyers, which I understand is a = strong of a=20 future downturn in the stock.  Thus I expect the Cup to grow a = handle=20 this coming week.  However, since I am a novice canslimmer I = would=20 appreciate having some feed back from the group=20 concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_004E_01C23C62.29325060-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 08:53:59 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_020C_01C23C5D.A38DF5D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Some comments on the SYY chart at: http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to use = this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Tom ---Thank you very much for the feedback. It's pretty evident to = me that I have a lot of boning up to do .--- By the way do you think SYY = and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the = chart of OSTE (BTW, makes for better posting if you make the subj line = more specific), but "formed a well defined Cup, between the weeks of = 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault = with this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_020C_01C23C5D.A38DF5D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 8:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

What do you mean when you say that = "neither=20 present you with any indication of an entry point" --I have suggested = SYY and=20 CSTR as "potential" canslim candiadates and didn't know that such = candiadates=20 had to present indications of entry points. 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Monday, August 05, 2002 = 7:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, I don't think there are any = candidates right=20 now for most investors, except for watching and learning. SYY is = likely=20 enjoying the benefit of that money that must remain in the markets = (mutual=20 funds for instance) continuing to move into more defensive stocks = (even in a=20 recession, people must eat). I have noted CSTR before, don't know = why it is=20 doing so well overall. But even without regard to "M" clearly saying = stay in=20 cash, neither present me with any indication of an entry = point.
 
I encourage everyone that truly wants to be = good at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 = Lessons. Be=20 careful following the lead of IBD, they have to sell a newspaper = every day,=20 so they have to say something. But their guidance, and "insight" = often seems=20 to stray far afield from true CANSLIM.
 
----- Original Message -----=20
From: = Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim=20 candiadate)

Tom ---Thank you very much for the=20 feedback.  It's pretty evident to me that I have a lot of = boning up to=20 do .--- By the way do you think SYY and CSTR are better potential=20 candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August 04, = 2002 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that = can be said=20 about the chart of OSTE (BTW, makes for better posting if you make = the=20 subj line more specific), but "formed a = well defined=20 Cup, between the weeks of 5/28/02 and = 7/23/02" would not be one I would say. Specifically, = period is=20 almost two short (8 weeks) for any kind of decent basing pattern, = and=20 certainly for this "M". Next is the price, which even now after a = 41% gain=20 in a single trading week is still only $8.90, well below the $12=20 recommended by HTMMIS and WON as a minimum to attract = institutional=20 interest. Third is the sheer steepness (granted on volume) of what = you=20 obviously see as the right side of the cup. Thru Friday, there is = no=20 evidence of a handle forming, and without a handle, you don't know = where=20 to grab the cup. And if this should prove over the next few weeks = to be=20 where the handle forms, then it will be forming dangerously high = in this=20 shaky "M".
 
I am sure I or other CANSLIMers could find = other=20 points at fault with this chart, but these are already enough for = me to=20 look for better opportunities.
 
----- Original Message -----=20
From: = Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim candiadate.  = Its IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, = between the weeks=20 of 5/28/02 and 7/23/02.  Interestingly, this past Friday, on = seven=20 times its normal trading volume it barely moved up.  So there = were=20 almost as many sellers as buyers, which I understand is a = strong of a=20 future downturn in the stock.  Thus I expect the Cup to grow = a handle=20 this coming week.  However, since I am a novice canslimmer I = would=20 appreciate having some feed back from the group=20 concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_020C_01C23C5D.A38DF5D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Tomorrow Date: 05 Aug 2002 10:03:00 -0400 Fred: How do you know that most of the volume occurred in NY? jans In a message dated Wed, 31 Jul 2002 3:46:17 PM Eastern Standard Time, adrich@gte.net writes: > Heck, it was just the wise guys pushing the market up at the end. Check the volume. Today was month end and they were trying to pretty up things. The turnaround looks very suspicious from my perspective particularly as almost all of the > recent ones have occurred after 3 p.m. in NY including this one. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 10:14:25 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0010_01C23C68.E050C410 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine- Thank you for the feedback. Based upon the note set forth in = the chart, it seems to follow that the chart does not have to "present" = any entry point in order to be a "potential" canslim candiadate (that = is, a chart to watch to see how it develops) . That being the case I = wonder why Tom even mentioned it? --Doonald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:53 AM Subject: [CANSLIM] Re: SYY (was: OSTE) Some comments on the SYY chart at: http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to use = this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Tom ---Thank you very much for the feedback. It's pretty evident = to me that I have a lot of boning up to do .--- By the way do you think = SYY and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the = chart of OSTE (BTW, makes for better posting if you make the subj line = more specific), but "formed a well defined Cup, between the weeks of = 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault = with this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a = very good, potential, canslim candiadate. Its IBD ratings are: = currently 80, 97, B, C and A+ and its Chart has formed a well defined = Cup, between the weeks of 5/28/02 and 7/23/02. Interestingly, this past = Friday, on seven times its normal trading volume it barely moved up. So = there were almost as many sellers as buyers, which I understand is a = strong of a future downturn in the stock. Thus I expect the Cup to grow = a handle this coming week. However, since I am a novice canslimmer I = would appreciate having some feed back from the group concerning OSTE. = --- Donald . ------=_NextPart_000_0010_01C23C68.E050C410 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine- Thank you for the feedback. = Based upon=20 the note set forth in the chart, it seems to follow that the chart does = not have=20 to "present" any entry point in order to be a "potential" canslim=20 candiadate  (that is, a chart to watch to see how it = develops) . =20 That being the case I wonder why Tom even mentioned it? =20 --Doonald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 05, 2002 = 9:53=20 AM
Subject: [CANSLIM] Re: SYY = (was:=20 OSTE)

Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 8:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

What do you mean when you say that = "neither=20 present you with any indication of an entry point" --I have = suggested SYY=20 and CSTR as "potential" canslim candiadates and didn't know that = such=20 candiadates had to present indications of entry = points. 
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 7:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, I don't think there are any = candidates right=20 now for most investors, except for watching and learning. SYY is = likely=20 enjoying the benefit of that money that must remain in the markets = (mutual=20 funds for instance) continuing to move into more defensive stocks = (even in=20 a recession, people must eat). I have noted CSTR before, don't = know why it=20 is doing so well overall. But even without regard to "M" clearly = saying=20 stay in cash, neither present me with any indication of an entry=20 point.
 
I encourage everyone that truly wants to = be good at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 = Lessons. Be=20 careful following the lead of IBD, they have to sell a newspaper = every=20 day, so they have to say something. But their guidance, and = "insight"=20 often seems to stray far afield from true CANSLIM.
 
----- Original Message -----=20
From: = Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate)

Tom ---Thank you very much for = the=20 feedback.  It's pretty evident to me that I have a lot of = boning up=20 to do .--- By the way do you think SYY and CSTR are better = potential=20 candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August 04, = 2002 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that = can be=20 said about the chart of OSTE (BTW, makes for better posting if = you make=20 the subj line more specific), but "formed a=20 well defined Cup, between the weeks of 5/28/02 and=20 7/23/02" would not be one = I would=20 say. Specifically, period is almost two short (8 weeks) for any = kind of=20 decent basing pattern, and certainly for this "M". Next is the = price,=20 which even now after a 41% gain in a single trading week is = still only=20 $8.90, well below the $12 recommended by HTMMIS and WON as a = minimum to=20 attract institutional interest. Third is the sheer steepness = (granted on=20 volume) of what you obviously see as the right side of the cup. = Thru=20 Friday, there is no evidence of a handle forming, and without a = handle,=20 you don't know where to grab the cup. And if this should prove = over the=20 next few weeks to be where the handle forms, then it will be = forming=20 dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could = find other=20 points at fault with this chart, but these are already enough = for me to=20 look for better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim = candiadate.  Its=20 IBD ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, = between the=20 weeks of 5/28/02 and 7/23/02.  Interestingly, this past = Friday, on=20 seven times its normal trading volume it barely moved up.  = So there=20 were almost as many sellers as buyers, which I understand is a=20 strong of a future downturn in the stock.  Thus I = expect the=20 Cup to grow a handle this coming week.  However, since I am = a=20 novice canslimmer I would appreciate having some feed back from = the=20 group concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_0010_01C23C68.E050C410-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: [CANSLIM] Re: Just my opinion Date: 05 Aug 2002 10:15:09 -0400 Mike and others: This is just my opinion, but I believe that there will always be some strong stocks that BO when the market rallies. But this market is either totally bearish or too volatile to guage; thus, my conclusion is that while stocks may BO, the market will tamp them down. Also, even though a stock is strong, that doesn't mean that it should be bought. WON says that the Market leads the stock up or down with about a 70-75%influence-ie. a strong stock might very well fall in a weak market. I believe that waiting for industrial market leaders (high industrial ratings in IBD + leading stocks in the industry)will eventually lead one to a winner. However, one should only analyze stocks now (to see which have potential)rather than investing in them. jans In a message dated Wed, 31 Jul 2002 10:03:00 AM Eastern Standard Time, michael_niemotka@baxter.com writes: > DCOM is down right now, 3% as of this writing, and it looks like the > markets are negative...seems like we just can't catch a > break! - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 08:22:23 -0600 What do you mean by "potential" canslim candidate? On 5 Aug 2002 at 10:14, Donald Wallker wrote: > Katherine- Thank you for the feedback. Based upon the note set forth in the > chart, it seems to follow that the chart does not have to "present" any > entry point in order to be a "potential" canslim candiadate (that is, a > chart to watch to see how it develops) . That being the case I wonder why - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 09:32:47 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_021B_01C23C63.0F3C15A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Donald, When I look at a stock, I look at it "in totality." That is, does it = have both the technical and fundamental characteristics that mean that = it's worth watching in the near term? So, for example, one might say "it = has all the right CANSLIM fundamentals, but no technical entry point = right now." Or they might say "it has all the right technicals, but the = fundamentals are lousy for reasons x, y, z." All of these comments could = also be made, but be completely irrelevant at that particular moment if = the "M" in CANSLIM is not presenting a favorable backdrop. Each person = has their own timeframe within which they work and wait....some might = look at a stock with good fundamentals and regardless of "M" or the = chart's technicals, leave it on a pending watchlist. Others would = immediately eliminate any stock with "good" fundamentals if the = technicals are currently not favorable. It's all a matter of style, and = when each person posts their comments, they'll post accordingly. So, when I look at a stock like SYY, I see pro/con...but when I compare = it to the other potential candidates in the universe of CANSLIM quality = stocks I monitor, it gets a low grade, leaving me to stalk better = trades. To you, however, it may rate high in comparison to other stocks = you are monitoring and you would see the same set of pro/con and leave = it on your personal watchlist. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:14 AM Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Katherine- Thank you for the feedback. Based upon the note set forth = in the chart, it seems to follow that the chart does not have to = "present" any entry point in order to be a "potential" canslim = candiadate (that is, a chart to watch to see how it develops) . That = being the case I wonder why Tom even mentioned it? --Doonald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:53 AM Subject: [CANSLIM] Re: SYY (was: OSTE) Some comments on the SYY chart at: http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Donald, I don't think there are any candidates right now for = most investors, except for watching and learning. SYY is likely enjoying = the benefit of that money that must remain in the markets (mutual funds = for instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to = use this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Tom ---Thank you very much for the feedback. It's pretty = evident to me that I have a lot of boning up to do .--- By the way do = you think SYY and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the = chart of OSTE (BTW, makes for better posting if you make the subj line = more specific), but "formed a well defined Cup, between the weeks of = 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at = fault with this chart, but these are already enough for me to look for = better opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a = very good, potential, canslim candiadate. Its IBD ratings are: = currently 80, 97, B, C and A+ and its Chart has formed a well defined = Cup, between the weeks of 5/28/02 and 7/23/02. Interestingly, this past = Friday, on seven times its normal trading volume it barely moved up. So = there were almost as many sellers as buyers, which I understand is a = strong of a future downturn in the stock. Thus I expect the Cup to grow = a handle this coming week. However, since I am a novice canslimmer I = would appreciate having some feed back from the group concerning OSTE. = --- Donald . ------=_NextPart_000_021B_01C23C63.0F3C15A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Donald,
 
When I look at a stock, I look at it "in totality." That is, does = it have=20 both the technical and fundamental characteristics that mean that it's = worth=20 watching in the near term? So, for example, one might say "it has = all the=20 right CANSLIM fundamentals, but no technical entry point right now." Or = they=20 might say "it has all the right technicals, but the fundamentals are = lousy for=20 reasons x, y, z." All of these comments could also be made, but be = completely=20 irrelevant at that particular moment if the "M" in CANSLIM is not = presenting a=20 favorable backdrop. Each person has their own timeframe within which = they work=20 and wait....some might look at a stock with good fundamentals and = regardless of=20 "M" or the chart's technicals, leave it on a pending watchlist. Others = would=20 immediately eliminate any stock with "good" fundamentals if the = technicals are=20 currently not favorable. It's all a matter of style, and when each = person posts=20 their comments, they'll post accordingly.
 
So, when I look at a stock like SYY, I see pro/con...but when I = compare it=20 to the other potential candidates in the universe of CANSLIM quality = stocks I=20 monitor, it gets a low grade, leaving me to stalk better trades. To you, = however, it may rate high in comparison to other stocks you are = monitoring and=20 you would see the same set of pro/con and leave it on your personal=20 watchlist.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 9:14=20 AM
Subject: Re: [CANSLIM] Re: SYY = (was:=20 OSTE)

Katherine- Thank you for the = feedback. Based upon=20 the note set forth in the chart, it seems to follow that the chart = does not=20 have to "present" any entry point in order to be a "potential" canslim = candiadate  (that is, a chart to watch to see how it=20 develops) .  That being the case I wonder why Tom even = mentioned=20 it?  --Doonald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 05, 2002 = 9:53=20 AM
Subject: [CANSLIM] Re: SYY = (was:=20 OSTE)

Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message ----- =
From:=20 Donald = Wallker=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 8:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

What do you mean when you say = that "neither=20 present you with any indication of an entry point" --I have = suggested SYY=20 and CSTR as "potential" canslim candiadates and didn't know that = such=20 candiadates had to present indications of entry = points. 
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 7:26=20 AM
Subject: Re: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

Donald, I don't think there are any = candidates=20 right now for most investors, except for watching and learning. = SYY is=20 likely enjoying the benefit of that money that must remain in = the=20 markets (mutual funds for instance) continuing to move into more = defensive stocks (even in a recession, people must eat). I have = noted=20 CSTR before, don't know why it is doing so well overall. But = even=20 without regard to "M" clearly saying stay in cash, neither = present me=20 with any indication of an entry point.
 
I encourage everyone that truly wants to = be good=20 at CANSLIM to use this time to reread and study HTMMIS and the = 24=20 Lessons. Be careful following the lead of IBD, they have to sell = a=20 newspaper every day, so they have to say something. But their = guidance,=20 and "insight" often seems to stray far afield from true=20 CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential = canslim=20 candiadate)

Tom ---Thank you very much for = the=20 feedback.  It's pretty evident to me that I have a lot of = boning up=20 to do .--- By the way do you think SYY and CSTR are better = potential=20 candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August = 04, 2002=20 1:38 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things = that can be=20 said about the chart of OSTE (BTW, makes for better posting if = you=20 make the subj line more specific), but "formed = a=20 well defined Cup, between the weeks of 5/28/02 and=20 7/23/02" would not be = one I would=20 say. Specifically, period is almost two short (8 weeks) for = any kind=20 of decent basing pattern, and certainly for this "M". Next is = the=20 price, which even now after a 41% gain in a single trading = week is=20 still only $8.90, well below the $12 recommended by HTMMIS and = WON as=20 a minimum to attract institutional interest. Third is the = sheer=20 steepness (granted on volume) of what you obviously see as the = right=20 side of the cup. Thru Friday, there is no evidence of a handle = forming, and without a handle, you don't know where to grab = the cup.=20 And if this should prove over the next few weeks to be where = the=20 handle forms, then it will be forming dangerously high in this = shaky=20 "M".
 
I am sure I or other CANSLIMers could = find other=20 points at fault with this chart, but these are already enough = for me=20 to look for better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim=20 candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE)=20 and believeit to be a very good, potential, canslim = candiadate. =20 Its IBD ratings are: currently 80, 97, B, C and A+ and = its=20 Chart has formed a well defined Cup, = between the=20 weeks of 5/28/02 and 7/23/02.  Interestingly, this past = Friday,=20 on seven times its normal trading volume it barely moved = up.  So=20 there were almost as many sellers as buyers, which I = understand is a=20 strong of a future downturn in the stock.  Thus I = expect the=20 Cup to grow a handle this coming week.  However, since I = am a=20 novice canslimmer I would appreciate having some feed back = from the=20 group concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_021B_01C23C63.0F3C15A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] double dip scenario Date: 05 Aug 2002 07:59:02 -0700 It's JMHO, but based on hearsay and anecdotal evidence of July sales, I expect that we are already in the double dip. It's too bad, because Q2 earnings really did seem to be exceptionally strong (although not in growth companies) - meaning that the core economy companies are getting a wonderful chance to shore up their balance sheets and recapitalize - leaving room for future purchases from the new growth companies. Although, if Q3 2002 is indeed contracting, I suspect it will probably take the government gurus a year or two to oficially figure it out :) Ian ----- Original Message ----- Sent: Thursday, August 01, 2002 10:52 AM > This article talks about the possibility of a second recessionary period, he mentions > the GDP revisions from yesterday, which didn't seem to perturb the markets very > much, so far anyway. > > > http://makeashorterlink.com/?A4D621961 > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Intro Date: 05 Aug 2002 10:45:42 -0400 Welcome, Bill. Your refrain is familiar, one most all of us share. I joined several months ago, in your identical position, and have learned a lot. Chief among the lessons...patience with this market. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Bill Lanius Sent: Saturday, August 03, 2002 5:59 PM I'd like to introduce myself briefly to the group. I am retired and have been an investor/trader for about 20 years. I went the route of a guy who followed a broker's advice to being a 100% technical analyst. I did well in the bull market of a couple of years ago but didn't hold on to much of it when it tanked. I realize that I became impatient and frustrated in seeing my stops get hit and then recovering--so I bought back and then foolishly took most of the stops off. I rode the gains down to a very low level until a few months ago when I finally got out. I salvaged what remained and have been mostly in cash since. I am familiar with CANSLIM and have a belief that it is a sound strategy. I very much enjoy the posts from members of this group and appreciate the help. I hope soon that I can get back into the market and recover some of my confidence and maybe some of my money. I hope, too, I can contribute as some of you do. Thanks for listening, Bill. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] A's this week - Nancy Date: 05 Aug 2002 09:04:48 -0500 --0__=86256C0C004D43DC8f9e8a93df938690918c86256C0C004D43DC Content-type: text/plain; charset=us-ascii Gene, Just out of curiosity, how do you get a download of a group of stocks and the IBD ratings? Or do you do one at a time, and then manually enter them into your software. Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Gene Ricci" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: [CANSLIM] A's this week - Nancy ission.com 08/03/2002 07:20 PM Please respond to canslim Nancy, comparing 8/2 data (under green columns) to 7/26 data.... the delta between those 2 Fridays is on the attached..... stocks in list are A's only .....no other CANSLIM filtering done .... how to read: EPS delta : ALLE 8/2 EPS is 75........ 7/26 it was 76.... EPS delta -1 RS delta : ALLE 8/2 RS is 86 ......... 7/26 it was 86 .... RS delta 0 A/D delta : ALLE 8/2 A/D is A- ....... 7/26 it was B+ .... A/D delta 1 *** My software doesn't pick up the + or - extension just looks for A, B, C, D or E 0 means A last week 1 means B last week 2 means C last week 3 means D last week 4 means E last week (none on this list) Hey, check out RUS, it was a D last week. Enjoy, Gene ----- Original Message ----- Sent: Friday, August 02, 2002 9:54 AM Does anyone know of a scan or site that shows canslim stocks improving. I've seen on the board a posting showing all the A stocks. I would like to see something similar but say showing all the B's in acc/dist that were C's kast month. Or all the A, in relative strength that were B's last month??? 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] charts and patterns questions Date: 05 Aug 2002 10:50:28 -0400 Mike: In Bear Markets, I'd look at the Daily as being of more importance than the Weekly, and here is why: In Bears a stock will upburst only in the short-term when it BO's. The stock will not likely be able to fight the tide of the Bear-so I hold less import on the weekly in that case. However, when the Bull hits, I'd look at the Weekly in order to catch stocks that will most probably remain strong after they BO. With a Bull, I'd play the trend of the stock [ie. its BO] and the Market [ie. the Bull]. jans In a message dated Fri, 2 Aug 2002 1:41:48 PM Eastern Standard Time, michael_niemotka@baxter.com writes: > When using charts to spot patterns, does it matter much if you use daily or > weekly charts? I notice that in the stocks in the news section, they use > weekly charts, and many times I will circle those that look like cwh > patterns for later study. But sometime, when I look at a daily chart, the > pattern seems to go away, or is much harder to spot. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 10:57:03 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0030_01C23C6E.D4E3E750 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable With all this talk about the market being so terrible, and there being = no C&H charts, how does anyone explain the movement of DOCC in this = horrible market. If DOCC did not just come out of a C&H (because, as = I've been told, the rim to rim time lapse of the cup-shape traced by the = charrt is too little to fit the definition of a cup), what happened? = --Donald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:53 AM Subject: [CANSLIM] Re: SYY (was: OSTE) Some comments on the SYY chart at: http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to use = this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Tom ---Thank you very much for the feedback. It's pretty evident = to me that I have a lot of boning up to do .--- By the way do you think = SYY and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the = chart of OSTE (BTW, makes for better posting if you make the subj line = more specific), but "formed a well defined Cup, between the weeks of = 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault = with this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a = very good, potential, canslim candiadate. Its IBD ratings are: = currently 80, 97, B, C and A+ and its Chart has formed a well defined = Cup, between the weeks of 5/28/02 and 7/23/02. Interestingly, this past = Friday, on seven times its normal trading volume it barely moved up. So = there were almost as many sellers as buyers, which I understand is a = strong of a future downturn in the stock. Thus I expect the Cup to grow = a handle this coming week. However, since I am a novice canslimmer I = would appreciate having some feed back from the group concerning OSTE. = --- Donald . ------=_NextPart_000_0030_01C23C6E.D4E3E750 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
With all this talk about the market = being so=20 terrible, and there being no C&H charts, how does anyone = explain the=20 movement of DOCC in this horrible market.  If DOCC did not just = come out of=20 a C&H  (because, as I've been told, the rim to rim time lapse = of the=20 cup-shape traced by the charrt is too little to fit the definition of a=20 cup),  what happened?  --Donald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 05, 2002 = 9:53=20 AM
Subject: [CANSLIM] Re: SYY = (was:=20 OSTE)

Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 8:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

What do you mean when you say that = "neither=20 present you with any indication of an entry point" --I have = suggested SYY=20 and CSTR as "potential" canslim candiadates and didn't know that = such=20 candiadates had to present indications of entry = points. 
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 7:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, I don't think there are any = candidates right=20 now for most investors, except for watching and learning. SYY is = likely=20 enjoying the benefit of that money that must remain in the markets = (mutual=20 funds for instance) continuing to move into more defensive stocks = (even in=20 a recession, people must eat). I have noted CSTR before, don't = know why it=20 is doing so well overall. But even without regard to "M" clearly = saying=20 stay in cash, neither present me with any indication of an entry=20 point.
 
I encourage everyone that truly wants to = be good at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 = Lessons. Be=20 careful following the lead of IBD, they have to sell a newspaper = every=20 day, so they have to say something. But their guidance, and = "insight"=20 often seems to stray far afield from true CANSLIM.
 
----- Original Message -----=20
From: = Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate)

Tom ---Thank you very much for = the=20 feedback.  It's pretty evident to me that I have a lot of = boning up=20 to do .--- By the way do you think SYY and CSTR are better = potential=20 candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August 04, = 2002 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that = can be=20 said about the chart of OSTE (BTW, makes for better posting if = you make=20 the subj line more specific), but "formed a=20 well defined Cup, between the weeks of 5/28/02 and=20 7/23/02" would not be one = I would=20 say. Specifically, period is almost two short (8 weeks) for any = kind of=20 decent basing pattern, and certainly for this "M". Next is the = price,=20 which even now after a 41% gain in a single trading week is = still only=20 $8.90, well below the $12 recommended by HTMMIS and WON as a = minimum to=20 attract institutional interest. Third is the sheer steepness = (granted on=20 volume) of what you obviously see as the right side of the cup. = Thru=20 Friday, there is no evidence of a handle forming, and without a = handle,=20 you don't know where to grab the cup. And if this should prove = over the=20 next few weeks to be where the handle forms, then it will be = forming=20 dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could = find other=20 points at fault with this chart, but these are already enough = for me to=20 look for better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim = candiadate.  Its=20 IBD ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, = between the=20 weeks of 5/28/02 and 7/23/02.  Interestingly, this past = Friday, on=20 seven times its normal trading volume it barely moved up.  = So there=20 were almost as many sellers as buyers, which I understand is a=20 strong of a future downturn in the stock.  Thus I = expect the=20 Cup to grow a handle this coming week.  However, since I am = a=20 novice canslimmer I would appreciate having some feed back from = the=20 group concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_0030_01C23C6E.D4E3E750-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] WON Archives Date: 05 Aug 2002 11:05:20 -0400 Canslimmers: This is from August 1 in investors.com. I thought-especially at this time-it would be most appropos: "Can the market indexes still bottom even though there don't appear to be very many promising stocks with solid bases? " - Submitted from Reno, Nev. Yes, indexes can bottom without having many promising stocks around. Just because we had a follow-through does not mean you run out and randomly buy stocks. All of the CAN SLIM characteristics must be present before you buy. The stock must have superior fundamentals, be a leader in its group, be in a leading group and break out of a sound base. If you can’t find any stocks that meet these criteria, stay in cash until you find them. If we start a new bull market, there will be lots of proper stocks to choose from. But that may take a while, so be patient and picky." jans - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 11:15:29 -0400 Patrick ---I thought my message was abundantly clear. A "potential " candiadate is, as I said in my message, "a chart to watch to see how it develops" ---Donald ----- Original Message ----- Sent: Monday, August 05, 2002 10:22 AM > What do you mean by "potential" canslim candidate? > > On 5 Aug 2002 at 10:14, Donald Wallker wrote: > > > Katherine- Thank you for the feedback. Based upon the note set forth in the > > chart, it seems to follow that the chart does not have to "present" any > > entry point in order to be a "potential" canslim candiadate (that is, a > > chart to watch to see how it develops) . That being the case I wonder why > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] OSTE Date: 05 Aug 2002 11:20:44 EDT --part1_10d.15dc9dcb.2a7ff1cc_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit While most agree it is best to stay in cash it also pays to hone your skills. For example, OSTE started the left side of a cup on February 1, 2002 at $9.79, went to a low of $5.83 and is now moving up on the right side. It was at $9.10 as of 10:00 AM CST on heavy volume. If it stays below the left lip and goes on to form a handle, we will have a c/h formation. If the price goes over $9.79, the cup is broken. Having pointed this out I certainly would not buy this stock even if it broke out, but it is interesting to watch for the dance. Charley --part1_10d.15dc9dcb.2a7ff1cc_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit While most agree it is best to stay in cash it also pays to hone your skills. For example, OSTE started the left side of a cup on February 1, 2002 at $9.79, went to a low of $5.83 and is now moving up on the right side. It was at $9.10 as of 10:00 AM CST on heavy volume. If it stays below the left lip and goes on to form a handle, we will have a c/h formation. If the price goes over $9.79, the cup is broken.

Having pointed this out I certainly would not buy this stock even if it broke out, but it is interesting to watch for the dance.

Charley --part1_10d.15dc9dcb.2a7ff1cc_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 11:23:00 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C23C72.7510AA80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine --Thank you for the feedback. You have managed to clear up = some confusion and I'm grateful. Donald=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 10:32 AM Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Hi Donald, When I look at a stock, I look at it "in totality." That is, does it = have both the technical and fundamental characteristics that mean that = it's worth watching in the near term? So, for example, one might say "it = has all the right CANSLIM fundamentals, but no technical entry point = right now." Or they might say "it has all the right technicals, but the = fundamentals are lousy for reasons x, y, z." All of these comments could = also be made, but be completely irrelevant at that particular moment if = the "M" in CANSLIM is not presenting a favorable backdrop. Each person = has their own timeframe within which they work and wait....some might = look at a stock with good fundamentals and regardless of "M" or the = chart's technicals, leave it on a pending watchlist. Others would = immediately eliminate any stock with "good" fundamentals if the = technicals are currently not favorable. It's all a matter of style, and = when each person posts their comments, they'll post accordingly. So, when I look at a stock like SYY, I see pro/con...but when I = compare it to the other potential candidates in the universe of CANSLIM = quality stocks I monitor, it gets a low grade, leaving me to stalk = better trades. To you, however, it may rate high in comparison to other = stocks you are monitoring and you would see the same set of pro/con and = leave it on your personal watchlist. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:14 AM Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Katherine- Thank you for the feedback. Based upon the note set forth = in the chart, it seems to follow that the chart does not have to = "present" any entry point in order to be a "potential" canslim = candiadate (that is, a chart to watch to see how it develops) . That = being the case I wonder why Tom even mentioned it? --Doonald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:53 AM Subject: [CANSLIM] Re: SYY (was: OSTE) Some comments on the SYY chart at: http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Donald, I don't think there are any candidates right now for = most investors, except for watching and learning. SYY is likely enjoying = the benefit of that money that must remain in the markets (mutual funds = for instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to = use this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Tom ---Thank you very much for the feedback. It's pretty = evident to me that I have a lot of boning up to do .--- By the way do = you think SYY and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Donald, there are some good things that can be said about = the chart of OSTE (BTW, makes for better posting if you make the subj = line more specific), but "formed a well defined Cup, between the weeks = of 5/28/02 and 7/23/02" would not be one I would say. Specifically, = period is almost two short (8 weeks) for any kind of decent basing = pattern, and certainly for this "M". Next is the price, which even now = after a 41% gain in a single trading week is still only $8.90, well = below the $12 recommended by HTMMIS and WON as a minimum to attract = institutional interest. Third is the sheer steepness (granted on volume) = of what you obviously see as the right side of the cup. Thru Friday, = there is no evidence of a handle forming, and without a handle, you = don't know where to grab the cup. And if this should prove over the next = few weeks to be where the handle forms, then it will be forming = dangerously high in this shaky "M". I am sure I or other CANSLIMers could find other points at = fault with this chart, but these are already enough for me to look for = better opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be = a very good, potential, canslim candiadate. Its IBD ratings are: = currently 80, 97, B, C and A+ and its Chart has formed a well defined = Cup, between the weeks of 5/28/02 and 7/23/02. Interestingly, this past = Friday, on seven times its normal trading volume it barely moved up. So = there were almost as many sellers as buyers, which I understand is a = strong of a future downturn in the stock. Thus I expect the Cup to grow = a handle this coming week. However, since I am a novice canslimmer I = would appreciate having some feed back from the group concerning OSTE. = --- Donald . ------=_NextPart_000_0008_01C23C72.7510AA80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine --Thank you for the feedback. = You have=20 managed to clear up some confusion and I'm grateful.  Donald =
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 05, 2002 = 10:32=20 AM
Subject: Re: [CANSLIM] Re: SYY = (was:=20 OSTE)

Hi Donald,
 
When I look at a stock, I look at it "in totality." That is, does = it have=20 both the technical and fundamental characteristics that mean that it's = worth=20 watching in the near term? So, for example, one might say "it has = all the=20 right CANSLIM fundamentals, but no technical entry point right now." = Or they=20 might say "it has all the right technicals, but the fundamentals are = lousy for=20 reasons x, y, z." All of these comments could also be made, but be = completely=20 irrelevant at that particular moment if the "M" in CANSLIM is not = presenting a=20 favorable backdrop. Each person has their own timeframe within which = they work=20 and wait....some might look at a stock with good fundamentals and = regardless=20 of "M" or the chart's technicals, leave it on a pending watchlist. = Others=20 would immediately eliminate any stock with "good" fundamentals if the=20 technicals are currently not favorable. It's all a matter of style, = and when=20 each person posts their comments, they'll post accordingly.
 
So, when I look at a stock like SYY, I see pro/con...but when I = compare=20 it to the other potential candidates in the universe of CANSLIM = quality stocks=20 I monitor, it gets a low grade, leaving me to stalk better trades. To = you,=20 however, it may rate high in comparison to other stocks you are = monitoring and=20 you would see the same set of pro/con and leave it on your personal=20 watchlist.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 9:14=20 AM
Subject: Re: [CANSLIM] Re: = SYY (was:=20 OSTE)

Katherine- Thank you for the = feedback. Based=20 upon the note set forth in the chart, it seems to follow that the = chart does=20 not have to "present" any entry point in order to be a "potential" = canslim=20 candiadate  (that is, a chart to watch to see how it=20 develops) .  That being the case I wonder why Tom even = mentioned=20 it?  --Doonald
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 9:53=20 AM
Subject: [CANSLIM] Re: SYY = (was:=20 OSTE)

Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 8:26=20 AM
Subject: Re: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

What do you mean when you say = that "neither=20 present you with any indication of an entry point" --I have = suggested=20 SYY and CSTR as "potential" canslim candiadates and didn't know = that=20 such candiadates had to present indications of entry=20 points. 
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, August = 05, 2002=20 7:26 AM
Subject: Re: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

Donald, I don't think there are any = candidates=20 right now for most investors, except for watching and = learning. SYY is=20 likely enjoying the benefit of that money that must remain in = the=20 markets (mutual funds for instance) continuing to move into = more=20 defensive stocks (even in a recession, people must eat). I = have noted=20 CSTR before, don't know why it is doing so well overall. But = even=20 without regard to "M" clearly saying stay in cash, neither = present me=20 with any indication of an entry point.
 
I encourage everyone that truly wants = to be good=20 at CANSLIM to use this time to reread and study HTMMIS and the = 24=20 Lessons. Be careful following the lead of IBD, they have to = sell a=20 newspaper every day, so they have to say something. But their=20 guidance, and "insight" often seems to stray far afield from = true=20 CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential = canslim=20 candiadate)

Tom ---Thank you very much = for the=20 feedback.  It's pretty evident to me that I have a lot of = boning=20 up to do .--- By the way do you think SYY and CSTR are better=20 potential candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August = 04, 2002=20 1:38 PM
Subject: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

Donald, there are some good things = that can be=20 said about the chart of OSTE (BTW, makes for better posting = if you=20 make the subj line more specific), but "formed a=20 well defined Cup, between the weeks of 5/28/02 and = 7/23/02" would not be = one I=20 would say. Specifically, period is almost two short (8 = weeks) for=20 any kind of decent basing pattern, and certainly for this = "M". Next=20 is the price, which even now after a 41% gain in a single = trading=20 week is still only $8.90, well below the $12 recommended by = HTMMIS=20 and WON as a minimum to attract institutional interest. = Third is the=20 sheer steepness (granted on volume) of what you obviously = see as the=20 right side of the cup. Thru Friday, there is no evidence of = a handle=20 forming, and without a handle, you don't know where to grab = the cup.=20 And if this should prove over the next few weeks to be where = the=20 handle forms, then it will be forming dangerously high in = this shaky=20 "M".
 
I am sure I or other CANSLIMers = could find=20 other points at fault with this chart, but these are already = enough=20 for me to look for better opportunities.
 
----- Original Message ----- =
From: Donald=20 Wallker
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim=20 candiadate

Lois--- I reviewed = Osteotech Inc.(OSTE)=20 and believeit to be a very good, potential, canslim=20 candiadate.  Its IBD ratings are: currently 80, 97, B,=20 C and A+ and its Chart has formed a = well defined=20 Cup, between the weeks of 5/28/02 and 7/23/02. =20 Interestingly, this past Friday, on seven times its normal = trading=20 volume it barely moved up.  So there were almost as = many=20 sellers as buyers, which I understand is a strong of a = future=20 downturn in the stock.  Thus I expect the Cup to grow a = handle=20 this coming week.  However, since I am a novice = canslimmer I=20 would appreciate having some feed back from the group=20 concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_0008_01C23C72.7510AA80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Chuck Dreier" Subject: Re: [CANSLIM] OSTE Date: 05 Aug 2002 11:25:16 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0007_01C23C72.C618FD60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I was under the impression that a CAN SLIM candidate had to be in the = $12-15 range, at a minimum. Am I wrong? ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 11:20 AM Subject: [CANSLIM] OSTE While most agree it is best to stay in cash it also pays to hone your = skills. For example, OSTE started the left side of a cup on February 1, = 2002 at $9.79, went to a low of $5.83 and is now moving up on the right = side. It was at $9.10 as of 10:00 AM CST on heavy volume. If it stays = below the left lip and goes on to form a handle, we will have a c/h = formation. If the price goes over $9.79, the cup is broken.=20 Having pointed this out I certainly would not buy this stock even if = it broke out, but it is interesting to watch for the dance.=20 Charley=20 ------=_NextPart_000_0007_01C23C72.C618FD60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I was under the impression that a CAN = SLIM=20 candidate had to be in the $12-15 range, at a minimum.  Am I=20 wrong?
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Monday, August 05, 2002 = 11:20=20 AM
Subject: [CANSLIM] OSTE

While most = agree it is=20 best to stay in cash it also pays to hone your skills. For example, = OSTE=20 started the left side of a cup on February 1, 2002 at $9.79, went to a = low of=20 $5.83 and is now moving up on the right side. It was at $9.10 as of = 10:00 AM=20 CST on heavy volume. If it stays below the left lip and goes on to = form a=20 handle, we will have a c/h formation. If the price goes over $9.79, = the cup is=20 broken.

Having pointed this out I certainly would not buy this = stock=20 even if it broke out, but it is interesting to watch for the dance.=20

Charley
------=_NextPart_000_0007_01C23C72.C618FD60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: DOCC (was SYY (was: OSTE)) Date: 05 Aug 2002 10:25:40 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0237_01C23C6A.72AD11A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Each person interprets and weights each of the letters of C-A-N-S-L-I-M = according to their own preferences. There are always good stocks in bad = markets. You just have to decide whether you are willing to risk going = long in a market that is predominantly down. Nobody's saying that's not = okay, just riskier. If you were investing in the CANSLIM style during = the 90's and making outsized gains as many were, then patience during a = bad market while preserving capital is blissfully powerful and = extraordinarily profitable. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:57 AM Subject: Re: [CANSLIM] Re: SYY (was: OSTE) With all this talk about the market being so terrible, and there being = no C&H charts, how does anyone explain the movement of DOCC in this = horrible market. If DOCC did not just come out of a C&H (because, as = I've been told, the rim to rim time lapse of the cup-shape traced by the = charrt is too little to fit the definition of a cup), what happened? = --Donald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:53 AM Subject: [CANSLIM] Re: SYY (was: OSTE) Some comments on the SYY chart at: http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Donald, I don't think there are any candidates right now for = most investors, except for watching and learning. SYY is likely enjoying = the benefit of that money that must remain in the markets (mutual funds = for instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to = use this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Tom ---Thank you very much for the feedback. It's pretty = evident to me that I have a lot of boning up to do .--- By the way do = you think SYY and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the = chart of OSTE (BTW, makes for better posting if you make the subj line = more specific), but "formed a well defined Cup, between the weeks of = 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at = fault with this chart, but these are already enough for me to look for = better opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a = very good, potential, canslim candiadate. Its IBD ratings are: = currently 80, 97, B, C and A+ and its Chart has formed a well defined = Cup, between the weeks of 5/28/02 and 7/23/02. Interestingly, this past = Friday, on seven times its normal trading volume it barely moved up. So = there were almost as many sellers as buyers, which I understand is a = strong of a future downturn in the stock. Thus I expect the Cup to grow = a handle this coming week. However, since I am a novice canslimmer I = would appreciate having some feed back from the group concerning OSTE. = --- Donald . ------=_NextPart_000_0237_01C23C6A.72AD11A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Each person interprets and weights each of the letters of = C-A-N-S-L-I-M=20 according to their own preferences. There are always good stocks in bad = markets.=20 You just have to decide whether you are willing to risk going long in a = market=20 that is predominantly down. Nobody's saying that's not okay, just = riskier. If=20 you were investing in the CANSLIM style during the 90's and making = outsized=20 gains as many were, then patience during a bad market while preserving = capital=20 is blissfully powerful and extraordinarily profitable.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 9:57=20 AM
Subject: Re: [CANSLIM] Re: SYY = (was:=20 OSTE)

With all this talk about the market = being so=20 terrible, and there being no C&H charts, how does anyone = explain the=20 movement of DOCC in this horrible market.  If DOCC did not just = come out=20 of a C&H  (because, as I've been told, the rim to rim time = lapse of=20 the cup-shape traced by the charrt is too little to fit the definition = of a=20 cup),  what happened?  --Donald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 05, 2002 = 9:53=20 AM
Subject: [CANSLIM] Re: SYY = (was:=20 OSTE)

Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message ----- =
From:=20 Donald = Wallker=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 8:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

What do you mean when you say = that "neither=20 present you with any indication of an entry point" --I have = suggested SYY=20 and CSTR as "potential" canslim candiadates and didn't know that = such=20 candiadates had to present indications of entry = points. 
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 7:26=20 AM
Subject: Re: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

Donald, I don't think there are any = candidates=20 right now for most investors, except for watching and learning. = SYY is=20 likely enjoying the benefit of that money that must remain in = the=20 markets (mutual funds for instance) continuing to move into more = defensive stocks (even in a recession, people must eat). I have = noted=20 CSTR before, don't know why it is doing so well overall. But = even=20 without regard to "M" clearly saying stay in cash, neither = present me=20 with any indication of an entry point.
 
I encourage everyone that truly wants to = be good=20 at CANSLIM to use this time to reread and study HTMMIS and the = 24=20 Lessons. Be careful following the lead of IBD, they have to sell = a=20 newspaper every day, so they have to say something. But their = guidance,=20 and "insight" often seems to stray far afield from true=20 CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential = canslim=20 candiadate)

Tom ---Thank you very much for = the=20 feedback.  It's pretty evident to me that I have a lot of = boning up=20 to do .--- By the way do you think SYY and CSTR are better = potential=20 candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August = 04, 2002=20 1:38 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things = that can be=20 said about the chart of OSTE (BTW, makes for better posting if = you=20 make the subj line more specific), but "formed = a=20 well defined Cup, between the weeks of 5/28/02 and=20 7/23/02" would not be = one I would=20 say. Specifically, period is almost two short (8 weeks) for = any kind=20 of decent basing pattern, and certainly for this "M". Next is = the=20 price, which even now after a 41% gain in a single trading = week is=20 still only $8.90, well below the $12 recommended by HTMMIS and = WON as=20 a minimum to attract institutional interest. Third is the = sheer=20 steepness (granted on volume) of what you obviously see as the = right=20 side of the cup. Thru Friday, there is no evidence of a handle = forming, and without a handle, you don't know where to grab = the cup.=20 And if this should prove over the next few weeks to be where = the=20 handle forms, then it will be forming dangerously high in this = shaky=20 "M".
 
I am sure I or other CANSLIMers could = find other=20 points at fault with this chart, but these are already enough = for me=20 to look for better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim=20 candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE)=20 and believeit to be a very good, potential, canslim = candiadate. =20 Its IBD ratings are: currently 80, 97, B, C and A+ and = its=20 Chart has formed a well defined Cup, = between the=20 weeks of 5/28/02 and 7/23/02.  Interestingly, this past = Friday,=20 on seven times its normal trading volume it barely moved = up.  So=20 there were almost as many sellers as buyers, which I = understand is a=20 strong of a future downturn in the stock.  Thus I = expect the=20 Cup to grow a handle this coming week.  However, since I = am a=20 novice canslimmer I would appreciate having some feed back = from the=20 group concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_0237_01C23C6A.72AD11A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 11:32:09 -0400 Dan: I think institutions and retail buyers are not buying because they don't know how much corruption of books there is. Many say that the percentage of companies with fraudulent books is relatively small. But so what. One don't know which company is engaging in fradulent accounting and which isn't. I agree with you that seeing CFOs and CEOs in handcuffs isn't going to significantly contribute to investor confidence. However, what it does do (I believe) is deter other CEOs and CFOs from moving over to the dark side. That's why televising the Wall Street honchos is important. Once investors see that the government is serious in enforcing the laws against fraudulent accounting, the market will be favorably affectd. jans In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, dforant1@nycap.rr.com writes: > This market is more effected by bad earnings and p/e's. The bubble burst a > long time ago. It's just going to take more quarters to swing the market. > Notice the newly handcuffed Wall Street perpetrators that didn't rally the > market recently like the first arrests. I never bought into that. The real > culprits are, p/e's, and earnings along with the 9/11 disaster that broke > the camels back. Some say stocks are cheap. Yeah, tech's, > try em. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] OSTE Date: 05 Aug 2002 12:12:16 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000F_01C23C79.571BE330 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charley -- Thank you for the feedback. eventuallky I'll get the hang of = all this. Am I right in I assuming that the reason you wouldn't buy = into iOSTE is because of "M", or , is there another reason I'm not = getting? ------Donald ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 11:20 AM Subject: [CANSLIM] OSTE While most agree it is best to stay in cash it also pays to hone your = skills. For example, OSTE started the left side of a cup on February 1, = 2002 at $9.79, went to a low of $5.83 and is now moving up on the right = side. It was at $9.10 as of 10:00 AM CST on heavy volume. If it stays = below the left lip and goes on to form a handle, we will have a c/h = formation. If the price goes over $9.79, the cup is broken.=20 Having pointed this out I certainly would not buy this stock even if = it broke out, but it is interesting to watch for the dance.=20 Charley=20 ------=_NextPart_000_000F_01C23C79.571BE330 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charley -- Thank you for the feedback. = eventuallky=20 I'll get the hang of all this.  Am I right  in I assuming =  that the reason you wouldn't buy into iOSTE is because of "M", or = , is=20 there another reason I'm not getting? ------Donald
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Monday, August 05, 2002 = 11:20=20 AM
Subject: [CANSLIM] OSTE

While most = agree it is=20 best to stay in cash it also pays to hone your skills. For example, = OSTE=20 started the left side of a cup on February 1, 2002 at $9.79, went to a = low of=20 $5.83 and is now moving up on the right side. It was at $9.10 as of = 10:00 AM=20 CST on heavy volume. If it stays below the left lip and goes on to = form a=20 handle, we will have a c/h formation. If the price goes over $9.79, = the cup is=20 broken.

Having pointed this out I certainly would not buy this = stock=20 even if it broke out, but it is interesting to watch for the dance.=20

Charley
------=_NextPart_000_000F_01C23C79.571BE330-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Re: DOCC (was SYY (was: OSTE)) Date: 05 Aug 2002 12:24:49 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0021_01C23C7B.17E2AAD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine ---You make me believe I'm in for a real treat. And that all = it takes is a little patience and a big "M" I'll be keeping my fingers = crossed --- Donald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 11:25 AM Subject: [CANSLIM] Re: DOCC (was SYY (was: OSTE)) Each person interprets and weights each of the letters of = C-A-N-S-L-I-M according to their own preferences. There are always good = stocks in bad markets. You just have to decide whether you are willing = to risk going long in a market that is predominantly down. Nobody's = saying that's not okay, just riskier. If you were investing in the = CANSLIM style during the 90's and making outsized gains as many were, = then patience during a bad market while preserving capital is blissfully = powerful and extraordinarily profitable. Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:57 AM Subject: Re: [CANSLIM] Re: SYY (was: OSTE) With all this talk about the market being so terrible, and there = being no C&H charts, how does anyone explain the movement of DOCC in = this horrible market. If DOCC did not just come out of a C&H (because, = as I've been told, the rim to rim time lapse of the cup-shape traced by = the charrt is too little to fit the definition of a cup), what = happened? --Donald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 9:53 AM Subject: [CANSLIM] Re: SYY (was: OSTE) Some comments on the SYY chart at: http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 Katherine ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Donald, I don't think there are any candidates right now for = most investors, except for watching and learning. SYY is likely enjoying = the benefit of that money that must remain in the markets (mutual funds = for instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to = use this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Tom ---Thank you very much for the feedback. It's pretty = evident to me that I have a lot of boning up to do .--- By the way do = you think SYY and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim = candiadate) Donald, there are some good things that can be said about = the chart of OSTE (BTW, makes for better posting if you make the subj = line more specific), but "formed a well defined Cup, between the weeks = of 5/28/02 and 7/23/02" would not be one I would say. Specifically, = period is almost two short (8 weeks) for any kind of decent basing = pattern, and certainly for this "M". Next is the price, which even now = after a 41% gain in a single trading week is still only $8.90, well = below the $12 recommended by HTMMIS and WON as a minimum to attract = institutional interest. Third is the sheer steepness (granted on volume) = of what you obviously see as the right side of the cup. Thru Friday, = there is no evidence of a handle forming, and without a handle, you = don't know where to grab the cup. And if this should prove over the next = few weeks to be where the handle forms, then it will be forming = dangerously high in this shaky "M". I am sure I or other CANSLIMers could find other points at = fault with this chart, but these are already enough for me to look for = better opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be = a very good, potential, canslim candiadate. Its IBD ratings are: = currently 80, 97, B, C and A+ and its Chart has formed a well defined = Cup, between the weeks of 5/28/02 and 7/23/02. Interestingly, this past = Friday, on seven times its normal trading volume it barely moved up. So = there were almost as many sellers as buyers, which I understand is a = strong of a future downturn in the stock. Thus I expect the Cup to grow = a handle this coming week. However, since I am a novice canslimmer I = would appreciate having some feed back from the group concerning OSTE. = --- Donald . ------=_NextPart_000_0021_01C23C7B.17E2AAD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine ---You make me believe I'm in = for a real=20 treat.  And that all it takes is a little patience and a big=20 "M"   I'll be keeping my fingers crossed --- =20 Donald
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 05, 2002 = 11:25=20 AM
Subject: [CANSLIM] Re: DOCC = (was SYY=20 (was: OSTE))

Each person interprets and weights each of the letters of = C-A-N-S-L-I-M=20 according to their own preferences. There are always good stocks in = bad=20 markets. You just have to decide whether you are willing to risk going = long in=20 a market that is predominantly down. Nobody's saying that's not okay, = just=20 riskier. If you were investing in the CANSLIM style during the 90's = and making=20 outsized gains as many were, then patience during a bad market while=20 preserving capital is blissfully powerful and extraordinarily=20 profitable.
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 9:57=20 AM
Subject: Re: [CANSLIM] Re: = SYY (was:=20 OSTE)

With all this talk about the market = being so=20 terrible, and there being no C&H charts, how does anyone = explain=20 the movement of DOCC in this horrible market.  If DOCC did not = just=20 come out of a C&H  (because, as I've been told, the rim to = rim time=20 lapse of the cup-shape traced by the charrt is too little to fit the = definition of a cup),  what happened?  = --Donald
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 9:53=20 AM
Subject: [CANSLIM] Re: SYY = (was:=20 OSTE)

Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message ----- =
From:=20 Donald=20 Wallker
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 8:26=20 AM
Subject: Re: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

What do you mean when you say = that "neither=20 present you with any indication of an entry point" --I have = suggested=20 SYY and CSTR as "potential" canslim candiadates and didn't know = that=20 such candiadates had to present indications of entry=20 points. 
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, August = 05, 2002=20 7:26 AM
Subject: Re: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

Donald, I don't think there are any = candidates=20 right now for most investors, except for watching and = learning. SYY is=20 likely enjoying the benefit of that money that must remain in = the=20 markets (mutual funds for instance) continuing to move into = more=20 defensive stocks (even in a recession, people must eat). I = have noted=20 CSTR before, don't know why it is doing so well overall. But = even=20 without regard to "M" clearly saying stay in cash, neither = present me=20 with any indication of an entry point.
 
I encourage everyone that truly wants = to be good=20 at CANSLIM to use this time to reread and study HTMMIS and the = 24=20 Lessons. Be careful following the lead of IBD, they have to = sell a=20 newspaper every day, so they have to say something. But their=20 guidance, and "insight" often seems to stray far afield from = true=20 CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential = canslim=20 candiadate)

Tom ---Thank you very much = for the=20 feedback.  It's pretty evident to me that I have a lot of = boning=20 up to do .--- By the way do you think SYY and CSTR are better=20 potential candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August = 04, 2002=20 1:38 PM
Subject: OSTE (was = Re:=20 [CANSLIM] Potential canslim candiadate)

Donald, there are some good things = that can be=20 said about the chart of OSTE (BTW, makes for better posting = if you=20 make the subj line more specific), but "formed a=20 well defined Cup, between the weeks of 5/28/02 and = 7/23/02" would not be = one I=20 would say. Specifically, period is almost two short (8 = weeks) for=20 any kind of decent basing pattern, and certainly for this = "M". Next=20 is the price, which even now after a 41% gain in a single = trading=20 week is still only $8.90, well below the $12 recommended by = HTMMIS=20 and WON as a minimum to attract institutional interest. = Third is the=20 sheer steepness (granted on volume) of what you obviously = see as the=20 right side of the cup. Thru Friday, there is no evidence of = a handle=20 forming, and without a handle, you don't know where to grab = the cup.=20 And if this should prove over the next few weeks to be where = the=20 handle forms, then it will be forming dangerously high in = this shaky=20 "M".
 
I am sure I or other CANSLIMers = could find=20 other points at fault with this chart, but these are already = enough=20 for me to look for better opportunities.
 
----- Original Message ----- =
From: Donald=20 Wallker
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim=20 candiadate

Lois--- I reviewed = Osteotech Inc.(OSTE)=20 and believeit to be a very good, potential, canslim=20 candiadate.  Its IBD ratings are: currently 80, 97, B,=20 C and A+ and its Chart has formed a = well defined=20 Cup, between the weeks of 5/28/02 and 7/23/02. =20 Interestingly, this past Friday, on seven times its normal = trading=20 volume it barely moved up.  So there were almost as = many=20 sellers as buyers, which I understand is a strong of a = future=20 downturn in the stock.  Thus I expect the Cup to grow a = handle=20 this coming week.  However, since I am a novice = canslimmer I=20 would appreciate having some feed back from the group=20 concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_0021_01C23C7B.17E2AAD0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] OSTE Date: 05 Aug 2002 10:47:29 -0600 15 is about the generally agreed on minimum in the strictest application of CANSLIM (O'Neil suggests this level), but there are people that like the lower priced stocks and have some success there. I tend to like stocks priced above 15. On 5 Aug 2002 at 11:25, Chuck Dreier wrote: > I was under the impression that a CAN SLIM candidate had to be in the $12-15 > range, at a minimum. Am I wrong? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] Potential canslim candiadate Date: 05 Aug 2002 09:58:25 -0700 (PDT) Obviously not very successfully if you still respond. --- Donald Wallker wrote: > I've been ignoring you for a long time. > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Sunday, August 04, 2002 5:41 PM > Subject: RE: [CANSLIM] Potential canslim candiadate > > > > Hi Jack, > > > > Thanks for the plug. I ran the evaluator on OSTE > and saw a bug that I'll > fix > > later. > > > > My policy with this idiot is to ignore him in the > hope he will go away. > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Jack Tencza > > Sent: Sunday, August 04, 2002 5:13 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Potential canslim > candiadate > > > > > > Besides reading and reading WON's books, (as well > as > > reading some great info on this site)I have gained > > much understanding of the CANSLIM system from > > cwhcharts.com. It could be just as rewarding for > you > > with due diligence in reading/studying what they > do > > and what resources are available. You can obtain > an > > immdediate answer to your OSTE question from their > > canslim evaluator. As one learns from doing, I'll > not > > dilvulge its objective evaluation of OSTE and > spoil > > your learning experience. > > > > I hope you experience the same benefits I have > thanks > > to someone on this site who referred me to > cwhcharts. > > > > Jack > > --- Donald Wallker wrote: > > > Lois--- I reviewed Osteotech Inc.(OSTE) and > > > believeit to be a very good, potential, canslim > > > candiadate. Its IBD ratings are: currently 80, > 97, > > > B, C and A+ and its Chart has formed a well > defined > > > Cup, between the weeks of 5/28/02 and 7/23/02. > > > Interestingly, this past Friday, on seven times > its > > > normal trading volume it barely moved up. So > there > > > were almost as many sellers as buyers, which I > > > understand is a strong of a future downturn in > the > > > stock. Thus I expect the Cup to grow a handle > this > > > coming week. However, since I am a novice > > > canslimmer I would appreciate having some feed > back > > > from the group concerning OSTE. --- Donald . > > > > > > > > > ===== > > Jack > > > > __________________________________________________ > > Do You Yahoo!? > > Yahoo! Health - Feel better, live better > > http://health.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] double dip scenario Date: 05 Aug 2002 11:21:52 -0400 I'm not so sure we came out of the 1st recession. This is just a continuation of it. DanF ----- Original Message ----- Sent: Monday, August 05, 2002 10:59 AM > It's JMHO, but based on hearsay and anecdotal evidence of July sales, I > expect that we are already in the double dip. It's too bad, because Q2 > earnings really did seem to be exceptionally strong (although not in growth > companies) - meaning that the core economy companies are getting a wonderful > chance to shore up their balance sheets and recapitalize - leaving room for > future purchases from the new growth companies. > > Although, if Q3 2002 is indeed contracting, I suspect it will probably take > the government gurus a year or two to oficially figure it out :) > > Ian > > > > > ----- Original Message ----- > From: Patrick Wahl > To: > Sent: Thursday, August 01, 2002 10:52 AM > Subject: [CANSLIM] double dip scenario > > > > This article talks about the possibility of a second recessionary period, > he mentions > > the GDP revisions from yesterday, which didn't seem to perturb the markets > very > > much, so far anyway. > > > > > > http://makeashorterlink.com/?A4D621961 > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] OSTE Date: 05 Aug 2002 13:46:23 -0400 Thank you again for the feedback. As a matter of interest I prefer the lower priced socks..If they are on an upswing,. small gains in value amont to sizeable percentage gains. Of course, it is s also true that small losses amount to sizeable percentage losses. Moreover you cannot make up for a given percentage loss without then having a larger percentage gain, since you calculate the prcentage based on a smaller number the second time around. Of course, I have a low end limit as well. And, at this writing it is normally $10. ----- Original Message ----- Sent: Monday, August 05, 2002 12:47 PM > 15 is about the generally agreed on minimum in the strictest application of > CANSLIM (O'Neil suggests this level), but there are people that like the lower priced > stocks and have some success there. I tend to like stocks priced above 15. > > On 5 Aug 2002 at 11:25, Chuck Dreier wrote: > > > I was under the impression that a CAN SLIM candidate had to be in the $12-15 > > range, at a minimum. Am I wrong? > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Minimum Stock Price - $10 Date: 05 Aug 2002 13:06:29 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_04A4_01C23C80.E9F0D470 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Actually, $10 is a bare minimum requirement.=20 to quote IBD: Actually, $10 is a bare minimum requirement. Our studies have shown that = for New York Stock Exchange-listed stocks it's best to stick to stocks = over $20. And on the Nasdaq, a $16 minimum is what you should look for. = Just because a stock is in the Nasdaq 100 means absolutely nothing. The = stocks in that index that have fallen under $10 are cheap for a reason, = and therefore should be avoided. ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 11:47 AM Subject: Re: [CANSLIM] OSTE 15 is about the generally agreed on minimum in the strictest = application of=20 CANSLIM (O'Neil suggests this level), but there are people that like = the lower priced=20 stocks and have some success there. I tend to like stocks priced = above 15. On 5 Aug 2002 at 11:25, Chuck Dreier wrote: > I was under the impression that a CAN SLIM candidate had to be in = the $12-15 > range, at a minimum. Am I wrong? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_04A4_01C23C80.E9F0D470 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Actually, $10 is a bare minimum = requirement.=20
 
to quote IBD:
 
Actually, $10 is a bare minimum requirement. Our studies have shown = that=20 for New York Stock Exchange-listed stocks it's best to stick to stocks = over $20.=20 And on the Nasdaq, a $16 minimum is what you should look for. Just = because a=20 stock is in the Nasdaq 100 means absolutely nothing. The stocks in that = index=20 that have fallen under $10 are cheap for a reason, and therefore should = be=20 avoided.
----- Original Message -----
From:=20 Patrick = Wahl=20
Sent: Monday, August 05, 2002 = 11:47=20 AM
Subject: Re: [CANSLIM] = OSTE

15 is about the generally agreed on minimum in the = strictest=20 application of
CANSLIM (O'Neil suggests this level), but there are = people=20 that like the lower priced
stocks and have some success = there.  I=20 tend to like stocks priced above 15.

On 5 Aug 2002 at 11:25, = Chuck=20 Dreier wrote:

> I was under the impression that a CAN SLIM = candidate=20 had to be in the $12-15
> range, at a minimum.  Am I=20 wrong?



-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_04A4_01C23C80.E9F0D470-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] OSTE Date: 05 Aug 2002 14:03:53 EDT --part1_f9.20315ce2.2a801809_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Donald: In my opinion the uncertainties surrounding a falling market simply make it dangerous to buy any stock at this time. If the market were improving, instead of declining, I would avoid this stock until the price exceeded $15 or $20. Low priced stocks are usually below the searchlights of large investors, and without an elephant or two, the stock price could creep along for an extended period of time. From a fundamental point of view the company just turned profitable a couple of quarters ago. If you look at their EPS by quarter for the past six years, their experience has been spotty, at best. I want to see some Return on Equity before buying. On the positive side, other companies in this group are doing well, even though the Group Industry Relative Strength is 68, two points below my personal 70 minimum. Growth for 2003 is projected to be an 84% increase. Without tearing it apart my impression is that this could be a successful company sometime in the future. It certainly wouldn't hurt to put this one on a watch list and see what develops. On the other hand there are other more mature companies further along in their development that mean more to me than this one. Charley --part1_f9.20315ce2.2a801809_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Donald: In my opinion the uncertainties surrounding a falling market simply make it dangerous to buy any stock at this time. If the market were improving, instead of declining, I would avoid this stock until the price exceeded $15 or $20. Low priced stocks are usually below the searchlights of large investors, and without an elephant or two, the stock price could creep along for an extended period of time.
From a fundamental point of view the company just turned profitable a couple of quarters ago. If you look at their EPS by quarter for the past six years, their experience has been spotty, at best. I want to see some Return on Equity before buying.
On the positive side, other companies in this group are doing well, even though the Group Industry Relative Strength is 68, two points below my personal 70 minimum.
Growth for 2003 is projected to be an 84% increase.
Without tearing it apart my impression is that this could be a successful company sometime in the future. It certainly wouldn't hurt to put this one on a watch list and see what develops. On the other hand there are other more mature companies further along in their development that mean more to me than this one.

Charley --part1_f9.20315ce2.2a801809_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Minimum Stock Price - $10 Date: 05 Aug 2002 12:11:26 -0600 That's an odd quote - IBD says 20 is the minumum on NYSE and 16 on Nasdaq, then they say 10 is a minimum. Which is it? well, I'll stick with my 15 or thereabouts. On 5 Aug 2002 at 13:06, Gene Ricci wrote: > Actually, $10 is a bare minimum requirement. > > to quote IBD: > > Actually, $10 is a bare minimum requirement. Our studies have shown that for > New York Stock Exchange-listed stocks it's best to stick to stocks over $20. > And on the Nasdaq, a $16 minimum is what you should look for. Just because a > stock is in the Nasdaq 100 means absolutely nothing. The stocks in that > index that have fallen under $10 are cheap for a reason, and therefore > should be avoided. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] OSTE Date: 05 Aug 2002 14:12:30 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0036_01C23C8A.228F3840 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charles Thank you for taking the time to give me the benefit of your = experience. I'm very grateful. best wishes Donald ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 2:03 PM Subject: Re: [CANSLIM] OSTE Donald: In my opinion the uncertainties surrounding a falling market = simply make it dangerous to buy any stock at this time. If the market = were improving, instead of declining, I would avoid this stock until the = price exceeded $15 or $20. Low priced stocks are usually below the = searchlights of large investors, and without an elephant or two, the = stock price could creep along for an extended period of time.=20 From a fundamental point of view the company just turned profitable a = couple of quarters ago. If you look at their EPS by quarter for the past = six years, their experience has been spotty, at best. I want to see some = Return on Equity before buying.=20 On the positive side, other companies in this group are doing well, = even though the Group Industry Relative Strength is 68, two points below = my personal 70 minimum.=20 Growth for 2003 is projected to be an 84% increase.=20 Without tearing it apart my impression is that this could be a = successful company sometime in the future. It certainly wouldn't hurt to = put this one on a watch list and see what develops. On the other hand = there are other more mature companies further along in their development = that mean more to me than this one.=20 Charley=20 ------=_NextPart_000_0036_01C23C8A.228F3840 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charles   Thank you for = taking the time=20 to give me the benefit of your experience.  I'm very = grateful.  best=20 wishes   Donald
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Monday, August 05, 2002 = 2:03=20 PM
Subject: Re: [CANSLIM] = OSTE

Donald: In = my opinion=20 the uncertainties surrounding a falling market simply make it = dangerous to buy=20 any stock at this time. If the market were improving, instead of = declining, I=20 would avoid this stock until the price exceeded $15 or $20. Low priced = stocks=20 are usually below the searchlights of large investors, and without an = elephant=20 or two, the stock price could creep along for an extended period of = time.=20
From a fundamental point of view the company just turned = profitable a=20 couple of quarters ago. If you look at their EPS by quarter for the = past six=20 years, their experience has been spotty, at best. I want to see some = Return on=20 Equity before buying.
On the positive side, other companies in = this group=20 are doing well, even though the Group Industry Relative Strength is = 68, two=20 points below my personal 70 minimum.
Growth for 2003 is projected = to be an=20 84% increase.
Without tearing it apart my impression is that this = could be=20 a successful company sometime in the future. It certainly wouldn't = hurt to put=20 this one on a watch list and see what develops. On the other hand = there are=20 other more mature companies further along in their development that = mean more=20 to me than this one.

Charley =
------=_NextPart_000_0036_01C23C8A.228F3840-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Minimum Stock Price - $10 Date: 05 Aug 2002 12:12:24 -0600 Personally I just go with $10 for NYSE and Nas I find it works well and if all things are equal I go with the higher priced stock. I use that rule no matter what time frame I am looking at whether it is a Position Trade or the occasional Day Trade. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl Sent: Monday, August 05, 2002 12:11 PM That's an odd quote - IBD says 20 is the minumum on NYSE and 16 on Nasdaq, then they say 10 is a minimum. Which is it? well, I'll stick with my 15 or thereabouts. On 5 Aug 2002 at 13:06, Gene Ricci wrote: > Actually, $10 is a bare minimum requirement. > > to quote IBD: > > Actually, $10 is a bare minimum requirement. Our studies have shown that for > New York Stock Exchange-listed stocks it's best to stick to stocks over $20. > And on the Nasdaq, a $16 minimum is what you should look for. Just because a > stock is in the Nasdaq 100 means absolutely nothing. The stocks in that > index that have fallen under $10 are cheap for a reason, and therefore > should be avoided. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Re: SYY (was: OSTE) Date: 05 Aug 2002 13:20:16 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C23CAC.BFBB6C91 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, =20 Great explanation! Also, nice to see what DGO looks like. Still- pretty = pricey, especially with "M" doesn't dictate much action. =20 Kelly -----Original Message----- Sent: Monday, August 05, 2002 8:54 AM Some comments on the SYY chart at: =20 http://WallStreet-LLC.com/canslim/SYY080502.jpg=20 =20 Katherine ----- Original Message -----=20 Sent: Monday, August 05, 2002 8:26 AM What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 Sent: Monday, August 05, 2002 7:26 AM Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. =20 I encourage everyone that truly wants to be good at CANSLIM to use this = time to reread and study HTMMIS and the 24 Lessons. Be careful following = the lead of IBD, they have to sell a newspaper every day, so they have = to say something. But their guidance, and "insight" often seems to stray = far afield from true CANSLIM. =20 ----- Original Message -----=20 Sent: Monday, August 05, 2002 7:10 AM Tom ---Thank you very much for the feedback. It's pretty evident to me = that I have a lot of boning up to do .--- By the way do you think SYY = and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 Sent: Sunday, August 04, 2002 1:38 PM Donald, there are some good things that can be said about the chart of = OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". =20 I am sure I or other CANSLIMers could find other points at fault with = this chart, but these are already enough for me to look for better = opportunities. =20 ----- Original Message -----=20 Sent: Sunday, August 04, 2002 10:26 AM Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very good, = potential, canslim candiadate. Its IBD ratings are: currently 80, 97, = B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C23CAC.BFBB6C91 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
Great=20 explanation! Also, nice to see what DGO looks like. Still- pretty = pricey,=20 especially with "M" doesn't dictate much action.
 
Kelly
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Monday, August 05, 2002 = 8:54=20 AM
To: canslim@lists.xmission.com
Subject: = [CANSLIM] Re:=20 SYY (was: OSTE)

Some comments on the SYY chart at:
 
http://WallStree= t-LLC.com/canslim/SYY080502.jpg=20
 
Katherine
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 8:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

What do you mean when you say that = "neither=20 present you with any indication of an entry point" --I have = suggested SYY=20 and CSTR as "potential" canslim candiadates and didn't know that = such=20 candiadates had to present indications of entry = points. 
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 7:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, I don't think there are any = candidates right=20 now for most investors, except for watching and learning. SYY is = likely=20 enjoying the benefit of that money that must remain in the markets = (mutual=20 funds for instance) continuing to move into more defensive stocks = (even in=20 a recession, people must eat). I have noted CSTR before, don't = know why it=20 is doing so well overall. But even without regard to "M" clearly = saying=20 stay in cash, neither present me with any indication of an entry=20 point.
 
I encourage everyone that truly wants to = be good at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 = Lessons. Be=20 careful following the lead of IBD, they have to sell a newspaper = every=20 day, so they have to say something. But their guidance, and = "insight"=20 often seems to stray far afield from true CANSLIM.
 
----- Original Message -----=20
From: = Donald = Wallker=20
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim = candiadate)

Tom ---Thank you very much for = the=20 feedback.  It's pretty evident to me that I have a lot of = boning up=20 to do .--- By the way do you think SYY and CSTR are better = potential=20 candiadates? ...Donald
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, August 04, = 2002 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that = can be=20 said about the chart of OSTE (BTW, makes for better posting if = you make=20 the subj line more specific), but "formed a=20 well defined Cup, between the weeks of 5/28/02 and=20 7/23/02" would not be one = I would=20 say. Specifically, period is almost two short (8 weeks) for any = kind of=20 decent basing pattern, and certainly for this "M". Next is the = price,=20 which even now after a 41% gain in a single trading week is = still only=20 $8.90, well below the $12 recommended by HTMMIS and WON as a = minimum to=20 attract institutional interest. Third is the sheer steepness = (granted on=20 volume) of what you obviously see as the right side of the cup. = Thru=20 Friday, there is no evidence of a handle forming, and without a = handle,=20 you don't know where to grab the cup. And if this should prove = over the=20 next few weeks to be where the handle forms, then it will be = forming=20 dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could = find other=20 points at fault with this chart, but these are already enough = for me to=20 look for better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim = candiadate.  Its=20 IBD ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, = between the=20 weeks of 5/28/02 and 7/23/02.  Interestingly, this past = Friday, on=20 seven times its normal trading volume it barely moved up.  = So there=20 were almost as many sellers as buyers, which I understand is a=20 strong of a future downturn in the stock.  Thus I = expect the=20 Cup to grow a handle this coming week.  However, since I am = a=20 novice canslimmer I would appreciate having some feed back from = the=20 group concerning OSTE. ---=20 = Donald   .
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C23CAC.BFBB6C91-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Date: 04 Aug 2002 22:08:42 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0051_01C23C03.7ECE1A40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable tom-I love that "where to grab the cup" For some reason my pea brain = understands that! Thanks so much nancy ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:38 AM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the chart of = OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault with = this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_0051_01C23C03.7ECE1A40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
tom-I love that "where to grab the cup" = For some=20 reason my pea brain understands that!  Thanks so much = nancy
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 04, 2002 = 10:38=20 AM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that can be = said=20 about the chart of OSTE (BTW, makes for better posting if you make the = subj=20 line more specific), but "formed a well defined = Cup,=20 between the weeks of 5/28/02 and 7/23/02" would not be one I would say. Specifically, period = is almost=20 two short (8 weeks) for any kind of decent basing pattern, and = certainly for=20 this "M". Next is the price, which even now after a 41% gain in a = single=20 trading week is still only $8.90, well below the $12 recommended by = HTMMIS and=20 WON as a minimum to attract institutional interest. Third is the sheer = steepness (granted on volume) of what you obviously see as the right = side of=20 the cup. Thru Friday, there is no evidence of a handle forming, and = without a=20 handle, you don't know where to grab the cup. And if this should prove = over=20 the next few weeks to be where the handle forms, then it will be = forming=20 dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could find = other points=20 at fault with this chart, but these are already enough for me to look = for=20 better opportunities.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim candiadate.  Its = IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks of=20 5/28/02 and 7/23/02.  Interestingly, this past Friday, on seven = times its=20 normal trading volume it barely moved up.  So there were almost = as many=20 sellers as buyers, which I understand is a strong of a future = downturn in=20 the stock.  Thus I expect the Cup to grow a handle this coming=20 week.  However, since I am a novice canslimmer I would appreciate = having=20 some feed back from the group concerning OSTE. ---=20 Donald   .
------=_NextPart_000_0051_01C23C03.7ECE1A40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 14:36:17 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_05AE_01C23C8D.756E66A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thought that you'd like to see some 'fan mail'. Gene ------------------=20 Sent: Monday, August 05, 2002 :24 PM Gene, I took your advice and became a member of the CANSLIM email list. = I spent many hours this past weeked reading archived email and have = concluded that with the absence of a bull, too many folks using CANSLIM = have become: C =3D cranky A =3D antagonistic N =3D negative S =3D snide L =3D livid I =3D ingratious M =3D mean Hopefully when 'M' comes back it will bring manners along with the = market! ------=_NextPart_000_05AE_01C23C8D.756E66A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thought that you'd like to see some = 'fan=20 mail'.
Gene
 
------------------
Sent: Monday, August 05, 2002 :24 PM
Subject: The Importance of 'M'

Gene, I took your advice and became a member of the CANSLIM email = list. I=20 spent many hours this past weeked reading archived email and = have=20 concluded that with the absence of a bull, too many folks = using=20 CANSLIM have become:
 
C =3D cranky
A =3D antagonistic
N =3D negative
S =3D snide
L =3D livid
I =3D ingratious
M =3D mean
 
Hopefully when 'M' comes back it will bring manners along with the=20 market!
 
 
------=_NextPart_000_05AE_01C23C8D.756E66A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 14:45:29 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0283_01C23C8E.BE90D2E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'm assuming the "fan" comment was tongue-in-cheek? Hope this person = isn't turned off by the CANSLIM & people bashing going on lately, but = their acronym is an (unfortunately) accurate observation! Kam ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 2:36 PM Subject: [CANSLIM] Fw: The Importance of 'M' Thought that you'd like to see some 'fan mail'. Gene ------------------=20 Sent: Monday, August 05, 2002 :24 PM Subject: The Importance of 'M' Gene, I took your advice and became a member of the CANSLIM email = list. I spent many hours this past weeked reading archived email and = have concluded that with the absence of a bull, too many folks using = CANSLIM have become: C =3D cranky A =3D antagonistic N =3D negative S =3D snide L =3D livid I =3D ingratious M =3D mean Hopefully when 'M' comes back it will bring manners along with the = market! ------=_NextPart_000_0283_01C23C8E.BE90D2E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'm assuming the "fan" comment was tongue-in-cheek? Hope this = person isn't=20 turned off by the CANSLIM & people bashing going on lately, but = their=20 acronym is an (unfortunately) accurate observation!
 
Kam
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 05, 2002 = 2:36=20 PM
Subject: [CANSLIM] Fw: The = Importance of=20 'M'

Thought that you'd like to see some = 'fan=20 mail'.
Gene
 
------------------
Sent: Monday, August 05, 2002 :24 PM
Subject: The Importance of 'M'

Gene, I took your advice and became a member of the CANSLIM email = list. I=20 spent many hours this past weeked reading archived email and = have=20 concluded that with the absence of a bull, too many folks = using=20 CANSLIM have become:
 
C =3D cranky
A =3D antagonistic
N =3D negative
S =3D snide
L =3D livid
I =3D ingratious
M =3D mean
 
Hopefully when 'M' comes back it will bring manners along with = the=20 market!
 
 
------=_NextPart_000_0283_01C23C8E.BE90D2E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Minimum Stock Price - $10 Date: 05 Aug 2002 13:54:52 -0600 I think David makes an important point here. If we set our mechanical parameters a bit loose and use our brains a bit more we are hopefully likely to find the occasional outlier that deserves our attention. Warren David Taggart wrote: > Personally I just go with $10 for NYSE and Nas I find it works well and if > all things are equal I go with the higher priced stock. I use that rule no > matter what time frame I am looking at whether it is a Position Trade or the > occasional Day Trade. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl > Sent: Monday, August 05, 2002 12:11 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Minimum Stock Price - $10 > > That's an odd quote - IBD says 20 is the minumum on NYSE and 16 on Nasdaq, > then they say 10 is a minimum. Which is it? well, I'll stick with my 15 or > thereabouts. > > On 5 Aug 2002 at 13:06, Gene Ricci wrote: > > > Actually, $10 is a bare minimum requirement. > > > > to quote IBD: > > > > Actually, $10 is a bare minimum requirement. Our studies have shown that > for > > New York Stock Exchange-listed stocks it's best to stick to stocks over > $20. > > And on the Nasdaq, a $16 minimum is what you should look for. Just because > a > > stock is in the Nasdaq 100 means absolutely nothing. The stocks in that > > index that have fallen under $10 are cheap for a reason, and therefore > > should be avoided. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 16:01:44 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0011_01C23C99.64EB72D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Amen to that Donald ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 3:36 PM Subject: [CANSLIM] Fw: The Importance of 'M' Thought that you'd like to see some 'fan mail'. Gene ------------------=20 Sent: Monday, August 05, 2002 :24 PM Subject: The Importance of 'M' Gene, I took your advice and became a member of the CANSLIM email = list. I spent many hours this past weeked reading archived email and = have concluded that with the absence of a bull, too many folks using = CANSLIM have become: C =3D cranky A =3D antagonistic N =3D negative S =3D snide L =3D livid I =3D ingratious M =3D mean Hopefully when 'M' comes back it will bring manners along with the = market! ------=_NextPart_000_0011_01C23C99.64EB72D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Amen to=20 that         Donald
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 05, 2002 = 3:36=20 PM
Subject: [CANSLIM] Fw: The = Importance of=20 'M'

Thought that you'd like to see some = 'fan=20 mail'.
Gene
 
------------------
Sent: Monday, August 05, 2002 :24 PM
Subject: The Importance of 'M'

Gene, I took your advice and became a member of the CANSLIM email = list. I=20 spent many hours this past weeked reading archived email and = have=20 concluded that with the absence of a bull, too many folks = using=20 CANSLIM have become:
 
C =3D cranky
A =3D antagonistic
N =3D negative
S =3D snide
L =3D livid
I =3D ingratious
M =3D mean
 
Hopefully when 'M' comes back it will bring manners along with = the=20 market!
 
 
------=_NextPart_000_0011_01C23C99.64EB72D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Market trend Date: 04 Aug 2002 23:40:54 -0700 I read an interesting opinion on this 8/14 deadline. They said, if a company says they cant sign off their books - you know there is a problem. If a company says they need more time-you expect there may be a problem . And if a company says they will sign off and all is O.K. you'll wonder if its true that no problem exists. The jest of the article was that this will have a very negative effect on the markets through the deadline, and possible further(depending on how many do what) ----- Original Message ----- Sent: Monday, August 05, 2002 8:32 AM > Dan: > > I think institutions and retail buyers are not buying because they don't know how much corruption of books there is. Many say that the percentage of companies with fraudulent books is relatively small. But so what. One don't know which company is engaging in fradulent accounting and which isn't. > > I agree with you that seeing CFOs and CEOs in handcuffs isn't going to significantly contribute to investor confidence. However, what it does do (I believe) is deter other CEOs and CFOs from moving over to the dark side. That's why televising the Wall Street honchos is important. > > Once investors see that the government is serious in enforcing the laws against fraudulent accounting, the market will be favorably affectd. > > jans > > > In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, dforant1@nycap.rr.com writes: > > > This market is more effected by bad earnings and p/e's. The bubble burst a > > long time ago. It's just going to take more quarters to swing the market. > > Notice the newly handcuffed Wall Street perpetrators that didn't rally the > > market recently like the first arrests. I never bought into that. The real > > culprits are, p/e's, and earnings along with the 9/11 disaster that broke > > the camels back. Some say stocks are cheap. Yeah, tech's, > > try em. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 10:11:16 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C23C68.6F82BEA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Dear Canslimers, Re the "people bashing", I inadvertantly became guilty of that yesterday when I meant to respond to Jack Tenca off-list but sent the response to the list instead. That was an unfortunate mistake on my part because it lowers the tone even further and I regret that. I hereby apologize to all of you who make a positive constribution to the list. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 05, 2002 9:45 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Fw: The Importance of 'M' I'm assuming the "fan" comment was tongue-in-cheek? Hope this person isn't turned off by the CANSLIM & people bashing going on lately, but their acronym is an (unfortunately) accurate observation! Kam ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 05, 2002 2:36 PM Subject: [CANSLIM] Fw: The Importance of 'M' Thought that you'd like to see some 'fan mail'. Gene ------------------ Sent: Monday, August 05, 2002 :24 PM Subject: The Importance of 'M' Gene, I took your advice and became a member of the CANSLIM email list. I spent many hours this past weeked reading archived email and have concluded that with the absence of a bull, too many folks using CANSLIM have become: C = cranky A = antagonistic N = negative S = snide L = livid I = ingratious M = mean Hopefully when 'M' comes back it will bring manners along with the market! ------=_NextPart_000_0008_01C23C68.6F82BEA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Dear=20 Canslimers,
 
Re=20 the "people bashing", I inadvertantly became guilty of that yesterday = when I=20 meant to respond to Jack Tenca off-list but sent the response to the = list=20 instead. That was an unfortunate mistake on my = part because it=20 lowers the tone even further and I regret that.
 
I=20 hereby apologize to all of you who make a positive constribution to the=20 list.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Monday, August 05, 2002 9:45 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Fw: The = Importance=20 of 'M'

I'm assuming the "fan" comment was tongue-in-cheek? Hope this = person=20 isn't turned off by the CANSLIM & people bashing going on lately, = but=20 their acronym is an (unfortunately) accurate observation!
 
Kam
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 05, 2002 = 2:36=20 PM
Subject: [CANSLIM] Fw: The = Importance=20 of 'M'

Thought that you'd like to see = some 'fan=20 mail'.
Gene
 
------------------
Sent: Monday, August 05, 2002 :24 PM
Subject: The Importance of 'M'

Gene, I took your advice and became a member of the CANSLIM = email list.=20 I spent many hours this past weeked reading archived email = and=20 have concluded that with the absence of a bull, too many = folks=20 using CANSLIM have become:
 
C =3D cranky
A =3D antagonistic
N =3D negative
S =3D snide
L =3D livid
I =3D ingratious
M =3D mean
 
Hopefully when 'M' comes back it will bring manners along with = the=20 market!
 
 
------=_NextPart_000_0008_01C23C68.6F82BEA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Canslim Dave Subject: Re: [CANSLIM] Anyone read "Trading Classic Chart Patterns" Date: 05 Aug 2002 14:47:31 -0700 (PDT) Nicky, I read through this book a few months back. As I recall, all the "classic charts" were analyzed during the bull market of the 90's. Oddly enough, all of the bullish patters have become worthless in a bear market. If we are in for a 30's or 70's style market, who knows if any of what he wrote is worth anything. He writes as if the general market has nothing to do with individual stock patters... which as we know from recent painful experience... is simply not the case. Dave --- nicky lawrence wrote: > The latest Active Trader magazine has an article > about this book an along with an article/bio about > its author Tom Bulkowski. Sounded interesting I was > just wondering if I could get an unbiased review > from anyone here? > > Nicky > __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 18:04:04 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_001A_01C23CAA.7C4A5BB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My gosh. Here's someone who admits he is a "people basher" and honestly = believes it is OK to defame somebody behind their back but not to a = crowd. That shows real character. =20 ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 4:11 PM Subject: RE: [CANSLIM] Fw: The Importance of 'M' Dear Canslimers, Re the "people bashing", I inadvertantly became guilty of that = yesterday when I meant to respond to Jack Tenca off-list but sent the = response to the list instead. That was an unfortunate mistake on my part = because it lowers the tone even further and I regret that.=20 I hereby apologize to all of you who make a positive constribution to = the list. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 05, 2002 9:45 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Fw: The Importance of 'M' I'm assuming the "fan" comment was tongue-in-cheek? Hope this person = isn't turned off by the CANSLIM & people bashing going on lately, but = their acronym is an (unfortunately) accurate observation! Kam ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 2:36 PM Subject: [CANSLIM] Fw: The Importance of 'M' Thought that you'd like to see some 'fan mail'. Gene ------------------=20 Sent: Monday, August 05, 2002 :24 PM Subject: The Importance of 'M' Gene, I took your advice and became a member of the CANSLIM email = list. I spent many hours this past weeked reading archived email and = have concluded that with the absence of a bull, too many folks using = CANSLIM have become: C =3D cranky A =3D antagonistic N =3D negative S =3D snide L =3D livid I =3D ingratious M =3D mean Hopefully when 'M' comes back it will bring manners along with the = market! ------=_NextPart_000_001A_01C23CAA.7C4A5BB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
My gosh. Here's someone who admits he = is a "people=20 basher" and honestly believes it is OK to defame somebody = behind their=20 back but not to a crowd.  That shows real character. =20  
----- Original Message -----
From:=20 Mike = Gibbons=20
Sent: Monday, August 05, 2002 = 4:11=20 PM
Subject: RE: [CANSLIM] Fw: The = Importance=20 of 'M'

Dear Canslimers,
 
Re=20 the "people bashing", I inadvertantly became guilty of that yesterday = when I=20 meant to respond to Jack Tenca off-list but sent the response to the = list=20 instead. That was an unfortunate mistake on my = part because it=20 lowers the tone even further and I regret that.
 
I=20 hereby apologize to all of you who make a positive constribution to = the=20 list.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 05, 2002 9:45 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Fw: The=20 Importance of 'M'

I'm assuming the "fan" comment was tongue-in-cheek? Hope this = person=20 isn't turned off by the CANSLIM & people bashing going on = lately, but=20 their acronym is an (unfortunately) accurate observation!
 
Kam
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 2:36=20 PM
Subject: [CANSLIM] Fw: The = Importance=20 of 'M'

Thought that you'd like to see = some 'fan=20 mail'.
Gene
 
------------------
Sent: Monday, August 05, 2002 :24 PM
Subject: The Importance of 'M'

Gene, I took your advice and became a member of the CANSLIM = email=20 list. I spent many hours this past weeked = reading archived email=20 and have concluded that with the absence of a bull, too = many=20 folks using CANSLIM have become:
 
C =3D cranky
A =3D antagonistic
N =3D negative
S =3D snide
L =3D livid
I =3D ingratious
M =3D mean
 
Hopefully when 'M' comes back it will bring manners along = with the=20 market!
 
 
------=_NextPart_000_001A_01C23CAA.7C4A5BB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 18:44:55 EDT --part1_18f.beb5692.2a8059e7_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit DONALD, I WISH HE HADN'T APOLOGIZED BECAUSE HE HAD MY VOTE. --part1_18f.beb5692.2a8059e7_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit DONALD, I WISH HE HADN'T APOLOGIZED BECAUSE HE HAD MY VOTE.
 --part1_18f.beb5692.2a8059e7_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 19:07:58 -0400 zillagirl---I believe the new law you speak of is very cynical. It truth I am cynical about the law because I think it was enacted to give the general public a nice warm feeling about the stock market. If the President of a given Company is a thief, he or she will not hesitate to sign off on the financials and continue to use the Company's resources as a personal Piggy Bank. When it comes down to the wire, even with the sign-off the President of the Company will be able to get off the hook if it can be shown that he was snookered. So-- I do not think it amounts to a big deal except for public relations purposes. Do you think a stock will go up because a President signs off on the financials? I doubt it. On the other hand, it may go up because a bunch of Brokers told their Clients that the President signed off on the financials and the clients buy into the "cushy" feeling that they get as a result of being told the meaningless truth. ----- Original Message ----- Sent: Monday, August 05, 2002 2:40 AM > I read an interesting opinion on this 8/14 deadline. They said, if a company > says they cant sign off their books - you know there is a problem. If > a company says they need more time-you expect there may be a problem . And > if a company says they will sign off and all is O.K. you'll wonder if its > true that no problem exists. The jest of the article was that this will > have a very negative effect on the markets through the deadline, and > possible further(depending on how many do what) > ----- Original Message ----- > From: > To: > Sent: Monday, August 05, 2002 8:32 AM > Subject: Re: [CANSLIM] Market trend > > > > Dan: > > > > I think institutions and retail buyers are not buying because they > don't know how much corruption of books there is. Many say that the > percentage of companies with fraudulent books is relatively small. But so > what. One don't know which company is engaging in fradulent accounting and > which isn't. > > > > I agree with you that seeing CFOs and CEOs in handcuffs isn't going > to significantly contribute to investor confidence. However, what it does > do (I believe) is deter other CEOs and CFOs from moving over to the dark > side. That's why televising the Wall Street honchos is important. > > > > Once investors see that the government is serious in enforcing the > laws against fraudulent accounting, the market will be favorably affectd. > > > > jans > > > > > > In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, > dforant1@nycap.rr.com writes: > > > > > This market is more effected by bad earnings and p/e's. The bubble burst > a > > > long time ago. It's just going to take more quarters to swing the > market. > > > Notice the newly handcuffed Wall Street perpetrators that didn't rally > the > > > market recently like the first arrests. I never bought into that. The > real > > > culprits are, p/e's, and earnings along with the 9/11 disaster that > broke > > > the camels back. Some say stocks are cheap. Yeah, tech's, > > > try em. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 04:00:29 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0048_01C23C34.A3840760 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable It does show real character-because at least he was willing to settle = his differences in private and not drag the whole group through = them-obviously something you can't comprehend. It seems from your = posts -you need this group more then it needs you. I would think twice = before you keep pushing stuff on this site that doesn't have any = interest to anyone. If you keep it up most people will either block you = or start ignoring your posts. They have done it before when someone = causes trouble on a daily bases for no reason. How do you end up the = winner from that? How is that going to help you learn so you can make = more money when the market turns. We need to support each other so we = can all learn,no matter what level we are at. We do not need to be = criticized for our thinking, or be ridiculed. And none of us benefits = by having this silly name calling session every time someone doesn't = agree with you. If you cant stop doing it -maybe at least you can show = a little character by talking this crap off-line so the rest of us = don't have to be exposed to it. We would all suffer if people like = Katherine , or several other well informed canslimers that help us on = this board stop reading it , or posting it because of this = childishness. Quit it! Nobody cares how you feel about any of it. = Give us some great canslim info and help us succeed more and we will all = be eternally grateful. Nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 3:04 PM Subject: Re: [CANSLIM] Fw: The Importance of 'M' My gosh. Here's someone who admits he is a "people basher" and = honestly believes it is OK to defame somebody behind their back but not = to a crowd. That shows real character. =20 ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 4:11 PM Subject: RE: [CANSLIM] Fw: The Importance of 'M' Dear Canslimers, Re the "people bashing", I inadvertantly became guilty of that = yesterday when I meant to respond to Jack Tenca off-list but sent the = response to the list instead. That was an unfortunate mistake on my part = because it lowers the tone even further and I regret that.=20 I hereby apologize to all of you who make a positive constribution = to the list. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 05, 2002 9:45 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Fw: The Importance of 'M' I'm assuming the "fan" comment was tongue-in-cheek? Hope this = person isn't turned off by the CANSLIM & people bashing going on lately, = but their acronym is an (unfortunately) accurate observation! Kam ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 2:36 PM Subject: [CANSLIM] Fw: The Importance of 'M' Thought that you'd like to see some 'fan mail'. Gene ------------------=20 Sent: Monday, August 05, 2002 :24 PM Subject: The Importance of 'M' Gene, I took your advice and became a member of the CANSLIM = email list. I spent many hours this past weeked reading archived email = and have concluded that with the absence of a bull, too many folks using = CANSLIM have become: C =3D cranky A =3D antagonistic N =3D negative S =3D snide L =3D livid I =3D ingratious M =3D mean Hopefully when 'M' comes back it will bring manners along with = the market! ------=_NextPart_000_0048_01C23C34.A3840760 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
It does show real character-because at = least he was=20 willing to settle his differences in private and not drag the whole = group=20 through them-obviously something you can't comprehend.  It seems=20 from your  posts  -you need this group more then it needs = you.  I would think twice before you keep pushing stuff on this = site that=20 doesn't  have any interest to anyone.  If you keep it up most = people=20 will either block you or start ignoring your posts. They have done it = before=20 when someone causes trouble on a daily bases for no reason.  How do = you end=20 up the winner from that? How is that going to  help you learn so = you can=20 make more money when the market turns. We need to support each = other so we=20 can all learn,no matter what level we are at. We  do not need to =  be=20 criticized for our thinking, or be ridiculed.  And  none = of=20 us benefits  by having this silly name calling session = every time=20 someone doesn't agree with you.  If you cant stop doing it -maybe = at least=20 you can show a little  character by talking this crap off-line = so the=20 rest of us don't have to be exposed to it. We would all suffer if people = like=20 Katherine , or several other well informed canslimers that help us on = this board=20 stop reading it , or posting it because of this  = childishness.  Quit=20 it!  Nobody cares how you feel about any of it.  Give us some = great=20 canslim info and help us succeed more and we will all be eternally=20 grateful.  Nancy
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 3:04=20 PM
Subject: Re: [CANSLIM] Fw: The = Importance=20 of 'M'

My gosh. Here's someone who admits he = is a=20 "people basher" and honestly believes it is OK to defame = somebody=20 behind their back but not to a crowd.  That shows real=20 character.   
----- Original Message -----
From:=20 Mike=20 Gibbons
Sent: Monday, August 05, 2002 = 4:11=20 PM
Subject: RE: [CANSLIM] Fw: = The=20 Importance of 'M'

Dear Canslimers,
 
Re the "people bashing", I inadvertantly = became=20 guilty of that yesterday when I meant to respond to Jack Tenca = off-list but=20 sent the response to the list instead. That was an = unfortunate mistake=20 on my part because it lowers the tone even further and I = regret=20 that.
 
I=20 hereby apologize to all of you who make a positive constribution to = the=20 list.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 05, 2002 9:45 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Fw: = The=20 Importance of 'M'

I'm assuming the "fan" comment was tongue-in-cheek? Hope this = person=20 isn't turned off by the CANSLIM & people bashing going on = lately, but=20 their acronym is an (unfortunately) accurate observation!
 
Kam
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 2:36=20 PM
Subject: [CANSLIM] Fw: = The=20 Importance of 'M'

Thought that you'd like to see = some 'fan=20 mail'.
Gene
 
------------------
Sent: Monday, August 05, 2002 :24 PM
Subject: The Importance of 'M'

Gene, I took your advice and became a member of the CANSLIM = email=20 list. I spent many hours this past weeked = reading archived=20 email and have concluded that with the absence of = a bull, too=20 many folks using CANSLIM have become:
 
C =3D cranky
A =3D antagonistic
N =3D negative
S =3D snide
L =3D livid
I =3D ingratious
M =3D mean
 
Hopefully when 'M' comes back it will bring manners along = with the=20 market!
 
 
------=_NextPart_000_0048_01C23C34.A3840760-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Lois Subject: Re: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 19:42:14 -0500 Donald, LOL...Some people just don't get it! - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 20:43:38 -0400 I'd be willing to wager that 10% are shading the books. I understand now Cisco won't certify. DanF ----- Original Message ----- Sent: Monday, August 05, 2002 11:32 AM > Dan: > > I think institutions and retail buyers are not buying because they don't know how much corruption of books there is. Many say that the percentage of companies with fraudulent books is relatively small. But so what. One don't know which company is engaging in fradulent accounting and which isn't. > > I agree with you that seeing CFOs and CEOs in handcuffs isn't going to significantly contribute to investor confidence. However, what it does do (I believe) is deter other CEOs and CFOs from moving over to the dark side. That's why televising the Wall Street honchos is important. > > Once investors see that the government is serious in enforcing the laws against fraudulent accounting, the market will be favorably affectd. > > jans > > > In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, dforant1@nycap.rr.com writes: > > > This market is more effected by bad earnings and p/e's. The bubble burst a > > long time ago. It's just going to take more quarters to swing the market. > > Notice the newly handcuffed Wall Street perpetrators that didn't rally the > > market recently like the first arrests. I never bought into that. The real > > culprits are, p/e's, and earnings along with the 9/11 disaster that broke > > the camels back. Some say stocks are cheap. Yeah, tech's, > > try em. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: [CANSLIM] defamation Date: 05 Aug 2002 21:04:01 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0009_01C23CC3.9FF3CEC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I have been watching with interest the gradual unfolding of the = defamation issues this forum is trying to deal with. The flat out = admissiion in Mike's apology has clearly been motivated by consultation = with an Attorney, or a discussion with someone who has consulted with = an Attorney, familiar with Defamation Law. I really do not believe = what Mike has said has anyhing to do with his character or true = beliefs.. My belief is that the persons Mike should be publically = apologiing to are the persons who have been the most hurt by his = remarks, that is, the person he defamed and the owner of the Canslim = website. The apology should be made to the person defamed for obvious = reasons. On the other hand , the apology should be made to the owner of = the website. because, due to his review of the subject matter before it = is published he has opened himself up to a libel suit, if brought by = the person who has been defamed. I hope this entire matter will soon = be brought to a close, that is, by by putting a stop to this nonsense, = since I, for one, do not want to get involved in litigation, even though = I am a retired Attorney who could get involved with a litigtion mattter = without great personal cost. =20 ------=_NextPart_000_0009_01C23CC3.9FF3CEC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I have been watching with interest the = gradual=20 unfolding of the defamation issues this forum is trying to deal=20 with.   The flat out admissiion in = Mike's apology  has=20 clearly been motivated by consultation with an Attorney, or a = discussion=20 with someone  who has consulted with an = Attorney, familiar with=20 Defamation  Law.  I really do not believe what Mike has said = has=20 anyhing to do with his character or true beliefs..  My belief is = that the=20 persons Mike should be publically apologiing to are the persons who have = been=20 the most hurt by his remarks, that is, the person he = defamed and the=20 owner of the Canslim website. The apology should=20 be made to the person defamed for obvious reasons.  On the other = hand=20 , the apology should be made to the owner of the = website. because, due=20 to his review of the subject matter before it is published  he=20 has opened himself up  to a libel suit, if brought by the = person=20 who has been defamed.   I hope this entire matter will soon be = brought=20 to a close, that is, by by putting a stop to this nonsense, since I, for = one, do=20 not want to get involved in litigation, even though I am a retired=20 Attorney who could get involved with a litigtion mattter without = great=20 personal cost.  
------=_NextPart_000_0009_01C23CC3.9FF3CEC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] defamation Date: 05 Aug 2002 15:19:00 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_001C_01C23C93.6CE68160 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Donald, I have no doubt that you noted that I apologized to those who make a "positive constribution" to the list. I'm sure the list owner, Jeff Salisbury, would consider himself in that category and therefore considers himself aplogized to. It seems that you do not consider yourself apologized to, so I presume you don't see yourself in that category. I consider this matter closed. If you wish to persue it further please contact me off list. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker Sent: Monday, August 05, 2002 3:04 PM To: canslim@lists.xmission.com Subject: [CANSLIM] defamation I have been watching with interest the gradual unfolding of the defamation issues this forum is trying to deal with. The flat out admissiion in Mike's apology has clearly been motivated by consultation with an Attorney, or a discussion with someone who has consulted with an Attorney, familiar with Defamation Law. I really do not believe what Mike has said has anyhing to do with his character or true beliefs.. My belief is that the persons Mike should be publically apologiing to are the persons who have been the most hurt by his remarks, that is, the person he defamed and the owner of the Canslim website. The apology should be made to the person defamed for obvious reasons. On the other hand , the apology should be made to the owner of the website. because, due to his review of the subject matter before it is published he has opened himself up to a libel suit, if brought by the person who has been defamed. I hope this entire matter will soon be brought to a close, that is, by by putting a stop to this nonsense, since I, for one, do not want to get involved in litigation, even though I am a retired Attorney who could get involved with a litigtion mattter without great personal cost. ------=_NextPart_000_001C_01C23C93.6CE68160 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Donald,
 
I=20 have no doubt that you noted that I apologized to those who make a = "positive=20 constribution" to the list. I'm sure the list owner, Jeff Salisbury, = would=20 consider himself in that category and therefore considers himself = aplogized=20 to.
 
It=20 seems that you do not consider yourself apologized to, so I presume you = don't=20 see yourself in that category.
 
I=20 consider this matter closed. If you wish to persue it further please = contact me=20 off list.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald=20 Wallker
Sent: Monday, August 05, 2002 3:04 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM]=20 defamation

I have been watching with interest = the gradual=20 unfolding of the defamation issues this forum is trying to deal=20 with.   The flat out admissiion in=20 Mike's apology  has clearly been motivated by = consultation with=20 an Attorney, or a discussion with someone  who has = consulted=20 with an Attorney, familiar with Defamation  Law.  I = really do=20 not believe what Mike has said has anyhing to do with his character or = true=20 beliefs..  My belief is that the persons Mike should be = publically=20 apologiing to are the persons who have been the most hurt by his = remarks,=20 that is, the person he defamed and the owner of the Canslim = website. The=20 apology should be made to the = person defamed=20 for obvious reasons.  On the other hand , the apology should = be made=20 to the owner of the website. because, due to his review of the = subject=20 matter before it is published  he has opened himself=20 up  to a libel suit, if brought by the person who has been=20 defamed.   I hope this entire matter will soon be brought to = a=20 close, that is, by by putting a stop to this nonsense, since I, for = one, do=20 not want to get involved in litigation, even though I am a retired=20 Attorney who could get involved with a litigtion mattter without = great=20 personal cost.  
------=_NextPart_000_001C_01C23C93.6CE68160-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Date: 05 Aug 2002 21:31:01 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_002D_01C23CC7.650C0440 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, when I put a stock on my watch list, I must see some kind of = basing pattern forming, but not yet ready for actual entry. I need more = than good fundies just to watch it in hopes it will someday form a = basing pattern. On these two, I see no evidence that any basing pattern = has begun to form. ----- Original Message -----=20 Sent: Monday, August 05, 2002 9:26 AM What do you mean when you say that "neither present you with any = indication of an entry point" --I have suggested SYY and CSTR as = "potential" canslim candiadates and didn't know that such candiadates = had to present indications of entry points.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:26 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to use = this time to reread and study HTMMIS and the 24 Lessons. Be careful = following the lead of IBD, they have to sell a newspaper every day, so = they have to say something. But their guidance, and "insight" often = seems to stray far afield from true CANSLIM. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Tom ---Thank you very much for the feedback. It's pretty evident to = me that I have a lot of boning up to do .--- By the way do you think SYY = and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Donald, there are some good things that can be said about the chart = of OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault = with this chart, but these are already enough for me to look for better = opportunities. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 10:26 AM Subject: [CANSLIM] Potential canslim candiadate Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very = good, potential, canslim candiadate. Its IBD ratings are: currently 80, = 97, B, C and A+ and its Chart has formed a well defined Cup, between the = weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its normal trading volume it barely moved up. So there were = almost as many sellers as buyers, which I understand is a strong of a = future downturn in the stock. Thus I expect the Cup to grow a handle = this coming week. However, since I am a novice canslimmer I would = appreciate having some feed back from the group concerning OSTE. --- = Donald . ------=_NextPart_000_002D_01C23CC7.650C0440 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Donald, when I put a stock on my watch list, I = must see=20 some kind of basing pattern forming, but not yet ready for actual entry. = I need=20 more than good fundies just to watch it in hopes it will someday form a = basing=20 pattern. On these two, I see no evidence that any basing pattern has = begun to=20 form.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Monday, August 05, 2002 9:26 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim=20 candiadate)

What do you mean when you say that = "neither present=20 you with any indication of an entry point" --I have suggested SYY and = CSTR as=20 "potential" canslim candiadates and didn't know that such candiadates = had to=20 present indications of entry points. 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Monday, August 05, 2002 = 7:26=20 AM
Subject: Re: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, I don't think there are any candidates = right now=20 for most investors, except for watching and learning. SYY is likely = enjoying=20 the benefit of that money that must remain in the markets (mutual = funds for=20 instance) continuing to move into more defensive stocks (even in a = recession,=20 people must eat). I have noted CSTR before, don't know why it is doing = so well=20 overall. But even without regard to "M" clearly saying stay in cash, = neither=20 present me with any indication of an entry point.
 
I encourage everyone that truly wants to be = good at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 = Lessons. Be=20 careful following the lead of IBD, they have to sell a newspaper every = day, so=20 they have to say something. But their guidance, and "insight" often = seems to=20 stray far afield from true CANSLIM.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Monday, August 05, 2002 7:10 AM
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim=20 candiadate)

Tom ---Thank you very much for the=20 feedback.  It's pretty evident to me that I have a lot of boning = up to do=20 .--- By the way do you think SYY and CSTR are better potential = candiadates?=20 ...Donald
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 04, 2002 = 1:38=20 PM
Subject: OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)

Donald, there are some good things that can = be said=20 about the chart of OSTE (BTW, makes for better posting if you make = the subj=20 line more specific), but "formed a well defined = Cup,=20 between the weeks of 5/28/02 and 7/23/02" would not be one I would say. Specifically, = period is=20 almost two short (8 weeks) for any kind of decent basing pattern, = and=20 certainly for this "M". Next is the price, which even now after a = 41% gain=20 in a single trading week is still only $8.90, well below the $12 = recommended=20 by HTMMIS and WON as a minimum to attract institutional interest. = Third is=20 the sheer steepness (granted on volume) of what you obviously see as = the=20 right side of the cup. Thru Friday, there is no evidence of a handle = forming, and without a handle, you don't know where to grab the cup. = And if=20 this should prove over the next few weeks to be where the handle = forms, then=20 it will be forming dangerously high in this shaky "M".
 
I am sure I or other CANSLIMers could find = other=20 points at fault with this chart, but these are already enough for me = to look=20 for better opportunities.
 
----- Original Message -----=20
From: = Donald = Wallker=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim = candiadate

Lois--- I reviewed Osteotech = Inc.(OSTE) and=20 believeit to be a very good, potential, canslim candiadate.  = Its IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks=20 of 5/28/02 and 7/23/02.  Interestingly, this past Friday, on = seven=20 times its normal trading volume it barely moved up.  So there = were=20 almost as many sellers as buyers, which I understand is a = strong of a=20 future downturn in the stock.  Thus I expect the Cup to grow a = handle=20 this coming week.  However, since I am a novice canslimmer I = would=20 appreciate having some feed back from the group=20 concerning OSTE. ---=20 = Donald   .
------=_NextPart_000_002D_01C23CC7.650C0440-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] defamation Date: 05 Aug 2002 21:32:30 EDT --part1_126.14c00bf5.2a80812e_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike, he doesn't warrant your attention. I stated that Donald and Lois were siblings. Since she refuted my statement. Let me modify it by saying that the both appear to be part of the small intestine. Owner please save me the hassle of getting removed by doing it for me. Kris --part1_126.14c00bf5.2a80812e_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike, he doesn't warrant your attention.

I stated that Donald and Lois were siblings. Since she refuted my statement. Let me modify it by saying that the both appear to be part of the small intestine.

Owner please save me the hassle of getting removed by doing it for me.

Kris
 --part1_126.14c00bf5.2a80812e_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 21:43:18 -0400 in reviewing Reuters headlines this morning, I noticed that the SEC is now posting on their website the lists of companies that have complied (at least technically) with the certification requirement. Of course, doesn't mean their financial report was honest or accurate, just that the CEO and CFO certified it as such. ----- Original Message ----- Sent: Monday, August 05, 2002 11:32 AM Dan: I think institutions and retail buyers are not buying because they don't know how much corruption of books there is. Many say that the percentage of companies with fraudulent books is relatively small. But so what. One don't know which company is engaging in fradulent accounting and which isn't. I agree with you that seeing CFOs and CEOs in handcuffs isn't going to significantly contribute to investor confidence. However, what it does do (I believe) is deter other CEOs and CFOs from moving over to the dark side. That's why televising the Wall Street honchos is important. Once investors see that the government is serious in enforcing the laws against fraudulent accounting, the market will be favorably affectd. jans In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, dforant1@nycap.rr.com writes: > This market is more effected by bad earnings and p/e's. The bubble burst a > long time ago. It's just going to take more quarters to swing the market. > Notice the newly handcuffed Wall Street perpetrators that didn't rally the > market recently like the first arrests. I never bought into that. The real > culprits are, p/e's, and earnings along with the 9/11 disaster that broke > the camels back. Some say stocks are cheap. Yeah, tech's, > try em. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 05:49:05 -0700 Thanks for that info-I understand that part of the wording says "to the best of my knowledge" so unless someone points a finger, it might be hard to catch. ----- Original Message ----- Sent: Monday, August 05, 2002 6:43 PM > in reviewing Reuters headlines this morning, I noticed that the SEC is now > posting on their website the lists of companies that have complied (at least > technically) with the certification requirement. Of course, doesn't mean > their financial report was honest or accurate, just that the CEO and CFO > certified it as such. > > ----- Original Message ----- > From: > To: > Sent: Monday, August 05, 2002 11:32 AM > Subject: Re: [CANSLIM] Market trend > > > Dan: > > I think institutions and retail buyers are not buying because they > don't know how much corruption of books there is. Many say that the > percentage of companies with fraudulent books is relatively small. But so > what. One don't know which company is engaging in fradulent accounting and > which isn't. > > I agree with you that seeing CFOs and CEOs in handcuffs isn't going to > significantly contribute to investor confidence. However, what it does do > (I believe) is deter other CEOs and CFOs from moving over to the dark side. > That's why televising the Wall Street honchos is important. > > Once investors see that the government is serious in enforcing the laws > against fraudulent accounting, the market will be favorably affectd. > > jans > > > In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, > dforant1@nycap.rr.com writes: > > > This market is more effected by bad earnings and p/e's. The bubble burst a > > long time ago. It's just going to take more quarters to swing the market. > > Notice the newly handcuffed Wall Street perpetrators that didn't rally the > > market recently like the first arrests. I never bought into that. The real > > culprits are, p/e's, and earnings along with the 9/11 disaster that broke > > the camels back. Some say stocks are cheap. Yeah, tech's, > > try em. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 21:19:07 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_011D_01C23CC5.BBBEE930 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, thanks for the alert.... I went there and here's the URL. Pleased = to see my former employer has already signed the form. http://www.sec.gov/rules/extra/ceocfo.htm Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 8:43 PM Subject: Re: [CANSLIM] Market trend in reviewing Reuters headlines this morning, I noticed that the SEC is = now posting on their website the lists of companies that have complied (at = least technically) with the certification requirement. Of course, doesn't = mean their financial report was honest or accurate, just that the CEO and = CFO certified it as such. ----- Original Message ----- From: To: Sent: Monday, August 05, 2002 11:32 AM Subject: Re: [CANSLIM] Market trend Dan: I think institutions and retail buyers are not buying because = they don't know how much corruption of books there is. Many say that the percentage of companies with fraudulent books is relatively small. = But so what. One don't know which company is engaging in fradulent = accounting and which isn't. I agree with you that seeing CFOs and CEOs in handcuffs isn't = going to significantly contribute to investor confidence. However, what it = does do (I believe) is deter other CEOs and CFOs from moving over to the dark = side. That's why televising the Wall Street honchos is important. Once investors see that the government is serious in enforcing = the laws against fraudulent accounting, the market will be favorably affectd. jans In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, dforant1@nycap.rr.com writes: > This market is more effected by bad earnings and p/e's. The bubble = burst a > long time ago. It's just going to take more quarters to swing the = market. > Notice the newly handcuffed Wall Street perpetrators that didn't = rally the > market recently like the first arrests. I never bought into that. = The real > culprits are, p/e's, and earnings along with the 9/11 disaster that = broke > the camels back. Some say stocks are cheap. Yeah, tech's, > try em. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_011D_01C23CC5.BBBEE930 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom, thanks for the alert.... I went = there and=20 here's the URL. Pleased to see my former employer has already signed the = form.
 
http://www.sec.gov/rul= es/extra/ceocfo.htm
 
Gene
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Monday, August 05, 2002 = 8:43=20 PM
Subject: Re: [CANSLIM] Market = trend

in reviewing Reuters headlines this morning, I noticed = that the=20 SEC is now
posting on their website the lists of companies that = have=20 complied (at least
technically) with the certification requirement. = Of=20 course, doesn't mean
their financial report was honest or accurate, = just=20 that the CEO and CFO
certified it as such.

----- Original = Message=20 -----
From: <Spencer48@aol.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 05, 2002 11:32 AM
Subject: Re: [CANSLIM] Market=20 trend


Dan:

     I think = institutions and=20 retail buyers are not buying because they
don't know how much = corruption of=20 books there is.  Many say that the
percentage of companies = with=20 fraudulent books is relatively small.  But so
what.  One = don't=20 know which company is engaging in fradulent accounting and
which=20 isn't.

     I agree with you that seeing = CFOs and=20 CEOs in handcuffs isn't going to
significantly contribute to = investor=20 confidence.  However, what it does do
(I believe) is deter = other CEOs=20 and CFOs from moving over to the dark side.
That's why televising = the Wall=20 Street honchos is important.

     Once = investors=20 see that the government is serious in enforcing the laws
against = fraudulent=20 accounting, the market will be favorably=20 = affectd.

         &nb= sp;           &nbs= p;       =20 jans


In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern = Standard=20 Time,
dforant1@nycap.rr.com=20 writes:

> This market is more effected by bad earnings and = p/e's.=20 The bubble burst a
> long time ago. It's just going to take more = quarters to swing the market.
> Notice the newly handcuffed Wall = Street=20 perpetrators that didn't rally the
> market recently like the = first=20 arrests. I never bought into that. The real
> culprits are, = p/e's, and=20 earnings along with the 9/11 disaster that broke
> the camels = back. Some=20 say stocks are cheap. Yeah, tech's,
> try = em.



-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.




-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_011D_01C23CC5.BBBEE930-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 22:24:32 -0400 Hmmmm, the CEO of JP Morgan Chase said that several time's in the interview with Maria Barturoma. It was a glossed over interview with the interviewer in awe of the interviewee. The media's as bad as the crooks. Has Maria been on his dingy? DanF ----- Original Message ----- Sent: Monday, August 05, 2002 8:49 AM > Thanks for that info-I understand that part of the wording says "to the best > of my knowledge" so unless someone points a finger, it might be hard to > catch. > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Monday, August 05, 2002 6:43 PM > Subject: Re: [CANSLIM] Market trend > > > > in reviewing Reuters headlines this morning, I noticed that the SEC is now > > posting on their website the lists of companies that have complied (at > least > > technically) with the certification requirement. Of course, doesn't mean > > their financial report was honest or accurate, just that the CEO and CFO > > certified it as such. > > > > ----- Original Message ----- > > From: > > To: > > Sent: Monday, August 05, 2002 11:32 AM > > Subject: Re: [CANSLIM] Market trend > > > > > > Dan: > > > > I think institutions and retail buyers are not buying because they > > don't know how much corruption of books there is. Many say that the > > percentage of companies with fraudulent books is relatively small. But so > > what. One don't know which company is engaging in fradulent accounting > and > > which isn't. > > > > I agree with you that seeing CFOs and CEOs in handcuffs isn't going > to > > significantly contribute to investor confidence. However, what it does do > > (I believe) is deter other CEOs and CFOs from moving over to the dark > side. > > That's why televising the Wall Street honchos is important. > > > > Once investors see that the government is serious in enforcing the > laws > > against fraudulent accounting, the market will be favorably affectd. > > > > jans > > > > > > In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, > > dforant1@nycap.rr.com writes: > > > > > This market is more effected by bad earnings and p/e's. The bubble burst > a > > > long time ago. It's just going to take more quarters to swing the > market. > > > Notice the newly handcuffed Wall Street perpetrators that didn't rally > the > > > market recently like the first arrests. I never bought into that. The > real > > > culprits are, p/e's, and earnings along with the 9/11 disaster that > broke > > > the camels back. Some say stocks are cheap. Yeah, tech's, > > > try em. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Donald Wallker" Subject: Re: [CANSLIM] Fw: The Importance of 'M' Date: 05 Aug 2002 22:53:06 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_004F_01C23CD2.DD0A3E70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sorry Nancy,---from my standopoint you really don't understand. This = nonsense was not started by me and would have come to a conclusion a = long time ago if the owner of the website had published my remarks, and = not published the defamatory remarks of others. I did my best to clear = up this matter a long time ago. Unfortunately, the owner of the website = swept everything I said under the tablea nd did not publish it. I = started by exzlaining ,ad nausium ,why I was angry in the first place. = Unfortunately, the owner of the website understood, but, since he did = not publish what I said, ,nobody else understood. Then I started = receiving the nonsense remarks that I have been receiving ever since. = Thus, what you have seen is a very small part of the whole = enchillada.(sp). And, undert the circumstances, I am not surprised that = you blame it all on me. ----Donald ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:00 AM Subject: Re: [CANSLIM] Fw: The Importance of 'M' It does show real character-because at least he was willing to settle = his differences in private and not drag the whole group through = them-obviously something you can't comprehend. It seems from your = posts -you need this group more then it needs you. I would think twice = before you keep pushing stuff on this site that doesn't have any = interest to anyone. If you keep it up most people will either block you = or start ignoring your posts. They have done it before when someone = causes trouble on a daily bases for no reason. How do you end up the = winner from that? How is that going to help you learn so you can make = more money when the market turns. We need to support each other so we = can all learn,no matter what level we are at. We do not need to be = criticized for our thinking, or be ridiculed. And none of us benefits = by having this silly name calling session every time someone doesn't = agree with you. If you cant stop doing it -maybe at least you can show = a little character by talking this crap off-line so the rest of us = don't have to be exposed to it. We would all suffer if people like = Katherine , or several other well informed canslimers that help us on = this board stop reading it , or posting it because of this = childishness. Quit it! Nobody cares how you feel about any of it. = Give us some great canslim info and help us succeed more and we will all = be eternally grateful. Nancy ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 3:04 PM Subject: Re: [CANSLIM] Fw: The Importance of 'M' My gosh. Here's someone who admits he is a "people basher" and = honestly believes it is OK to defame somebody behind their back but not = to a crowd. That shows real character. =20 ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 4:11 PM Subject: RE: [CANSLIM] Fw: The Importance of 'M' Dear Canslimers, Re the "people bashing", I inadvertantly became guilty of that = yesterday when I meant to respond to Jack Tenca off-list but sent the = response to the list instead. That was an unfortunate mistake on my part = because it lowers the tone even further and I regret that.=20 I hereby apologize to all of you who make a positive constribution = to the list. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 05, 2002 9:45 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Fw: The Importance of 'M' I'm assuming the "fan" comment was tongue-in-cheek? Hope this = person isn't turned off by the CANSLIM & people bashing going on lately, = but their acronym is an (unfortunately) accurate observation! Kam ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 2:36 PM Subject: [CANSLIM] Fw: The Importance of 'M' Thought that you'd like to see some 'fan mail'. Gene ------------------=20 Sent: Monday, August 05, 2002 :24 PM Subject: The Importance of 'M' Gene, I took your advice and became a member of the CANSLIM = email list. I spent many hours this past weeked reading archived email = and have concluded that with the absence of a bull, too many folks using = CANSLIM have become: C =3D cranky A =3D antagonistic N =3D negative S =3D snide L =3D livid I =3D ingratious M =3D mean Hopefully when 'M' comes back it will bring manners along with = the market! ------=_NextPart_000_004F_01C23CD2.DD0A3E70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Sorry Nancy,---from my standopoint you = really don't=20 understand.  This nonsense was not started by me and would have = come to a=20 conclusion a long time ago if the owner of the website had published my = remarks,=20 and not published the defamatory remarks of others.  I did my best = to clear=20 up this matter a long time ago. Unfortunately, the owner of the = website=20 swept everything I said under the tablea nd did not publish = it.  I=20 started by exzlaining ,ad nausium  ,why I was angry in the first=20 place.  Unfortunately, the owner of the website understood, but, = since he=20 did not publish what I said, ,nobody else understood. Then I = started=20 receiving the nonsense remarks that I have been receiving ever since. = Thus, what=20 you have seen is a very small part of the whole enchillada.(sp).  = And,=20 undert the circumstances, I am not surprised that you blame it all on=20 me.
----Donald
----- Original Message -----
From:=20 zillagirl
Sent: Monday, August 05, 2002 = 7:00=20 AM
Subject: Re: [CANSLIM] Fw: The = Importance=20 of 'M'

It does show real character-because = at least he=20 was willing to settle his differences in private and not drag the = whole group=20 through them-obviously something you can't comprehend.  It seems=20 from your  posts  -you need this group more then it = needs=20 you.  I would think twice before you keep pushing stuff on this = site that=20 doesn't  have any interest to anyone.  If you keep it up = most people=20 will either block you or start ignoring your posts. They have done it = before=20 when someone causes trouble on a daily bases for no reason.  How = do you=20 end up the winner from that? How is that going to  help you learn = so you=20 can make more money when the market turns. We need to support = each other=20 so we can all learn,no matter what level we are at. We  do not = need to=20  be criticized for our thinking, or be ridiculed.  = And =20 none of us benefits  by having this silly name calling = session=20 every time someone doesn't agree with you.  If you cant stop = doing it=20 -maybe at least you can show a little  character by talking = this=20 crap off-line so the rest of us don't have to be exposed to it. We = would all=20 suffer if people like Katherine , or several other well informed = canslimers=20 that help us on this board stop reading it , or posting it because of=20 this  childishness.  Quit it!  Nobody cares how you = feel about=20 any of it.  Give us some great canslim info and help us succeed = more and=20 we will all be eternally grateful.  Nancy
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Monday, August 05, 2002 = 3:04=20 PM
Subject: Re: [CANSLIM] Fw: = The=20 Importance of 'M'

My gosh. Here's someone who admits = he is a=20 "people basher" and honestly believes it is OK to defame = somebody=20 behind their back but not to a crowd.  That shows real=20 character.   
----- Original Message ----- =
From:=20 Mike=20 Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August 05, = 2002 4:11=20 PM
Subject: RE: [CANSLIM] Fw: = The=20 Importance of 'M'

Dear Canslimers,
 
Re the "people bashing", I = inadvertantly became=20 guilty of that yesterday when I meant to respond to Jack Tenca = off-list=20 but sent the response to the list instead. That was an=20 unfortunate mistake on my part because it lowers = the tone=20 even further and I regret that.
 
I hereby apologize to all of you who = make a=20 positive constribution to the list.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 05, 2002 9:45 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Fw: = The=20 Importance of 'M'

I'm assuming the "fan" comment was tongue-in-cheek? Hope = this=20 person isn't turned off by the CANSLIM & people bashing = going on=20 lately, but their acronym is an (unfortunately) accurate=20 observation!
 
Kam
----- Original Message ----- =
From:=20 Gene Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August = 05, 2002=20 2:36 PM
Subject: [CANSLIM] Fw: = The=20 Importance of 'M'

Thought that you'd like to = see some=20 'fan mail'.
Gene
 
------------------
Sent: Monday, August 05, 2002 :24 PM
Subject: The Importance of 'M'

Gene, I took your advice and became a member of the = CANSLIM email=20 list. I spent many hours this past weeked = reading archived=20 email and have concluded that with the absence of=20 a bull, too many folks using CANSLIM = have become:
 
C =3D cranky
A =3D antagonistic
N =3D negative
S =3D snide
L =3D livid
I =3D ingratious
M =3D mean
 
Hopefully when 'M' comes back it will bring manners along = with=20 the market!
 
 
------=_NextPart_000_004F_01C23CD2.DD0A3E70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] defamation Date: 05 Aug 2002 20:41:12 -0700 (PDT) Kris, just put Donald on your blocked/ignore list. You will be amazed with how much the amount of e-mails decreased. I have no interest reading, or responding to someone's messages who talk about litigation when someone disagree with him. Especially if this is someone who find it much easier to just bombard the list with his questions instead of even attempting to read up on the subject matter. --- KrisFg@aol.com wrote: > Mike, he doesn't warrant your attention. > > I stated that Donald and Lois were siblings. Since > she refuted my statement. > Let me modify it by saying that the both appear to > be part of the small > intestine. > > Owner please save me the hassle of getting removed > by doing it for me. > > Kris > __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Identifying NEW leaders Date: 05 Aug 2002 21:03:05 -0700 (PDT) Since we should be on the watch for new leadership next time around, what does the group think of AMDs chances of overtaking Intel? What other candidates do you hope/see coming up (not necessarily in chips). thanks Kent Norman ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: The last straw!!! Was: Re: [CANSLIM] defamation Date: 05 Aug 2002 23:53:41 -0700 This has got to be the last straw. It's bad enough that this character appears unwilling or unable to comprehend the most basic CANSLIM principles, but anyone who subjects the message board to this kind of abuse should not be allowed to continue as a member. It is not fair to those who take the subject seriously and who can be civil to one another and exercise a little self control. Donald Wallker wrote: > I have been watching with interest the gradual unfolding of the > defamation issues this forum is trying to deal with. The flat out > admissiion in Mike's apology has clearly been motivated by > consultation with an Attorney, or a discussion with someone who has > consulted with an Attorney, familiar with Defamation Law. I really > do not believe what Mike has said has anyhing to do with his character > or true beliefs.. My belief is that the persons Mike should be > publically apologiing to are the persons who have been the most hurt > by his remarks, that is, the person he defamed and the owner of the > Canslim website. The apology should be made to the person defamed for > obvious reasons. On the other hand , the apology should be made to > the owner of the website. because, due to his review of the subject > matter before it is published he has opened himself up to a libel > suit, if brought by the person who has been defamed. I hope this > entire matter will soon be brought to a close, that is, by by putting > a stop to this nonsense, since I, for one, do not want to get involved > in litigation, even though I am a retired Attorney who could get > involved with a litigtion mattter without great personal cost. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Market trend Date: 05 Aug 2002 20:47:38 -0400 And they couldn't settle the option problem of reporting. Keep shorting these bastards. My cup runneth over with vrts, yhoo, and mu today. DanF ----- Original Message ----- Sent: Monday, August 05, 2002 7:07 PM > zillagirl---I believe the new law you speak of is very cynical. It truth I > am cynical about the law because I think it was enacted to give the general > public a nice warm feeling about the stock market. If the President of a > given Company is a thief, he or she will not hesitate to sign off on the > financials and continue to use the Company's resources as a personal Piggy > Bank. When it comes down to the wire, even with the sign-off the President > of the Company will be able to get off the hook if it can be shown that he > was snookered. So-- I do not think it amounts to a big deal except for > public relations purposes. Do you think a stock will go up because a > President signs off on the financials? I doubt it. On the other hand, it may > go up because a bunch of Brokers told their Clients that the President > signed off on the financials and the clients buy into the "cushy" feeling > that they get as a result of being told the meaningless truth. > ----- Original Message ----- > From: "zillagirl" > To: > Sent: Monday, August 05, 2002 2:40 AM > Subject: Re: [CANSLIM] Market trend > > > > I read an interesting opinion on this 8/14 deadline. They said, if a > company > > says they cant sign off their books - you know there is a problem. > If > > a company says they need more time-you expect there may be a problem . > And > > if a company says they will sign off and all is O.K. you'll wonder if its > > true that no problem exists. The jest of the article was that this will > > have a very negative effect on the markets through the deadline, and > > possible further(depending on how many do what) > > ----- Original Message ----- > > From: > > To: > > Sent: Monday, August 05, 2002 8:32 AM > > Subject: Re: [CANSLIM] Market trend > > > > > > > Dan: > > > > > > I think institutions and retail buyers are not buying because they > > don't know how much corruption of books there is. Many say that the > > percentage of companies with fraudulent books is relatively small. But so > > what. One don't know which company is engaging in fradulent accounting > and > > which isn't. > > > > > > I agree with you that seeing CFOs and CEOs in handcuffs isn't going > > to significantly contribute to investor confidence. However, what it does > > do (I believe) is deter other CEOs and CFOs from moving over to the dark > > side. That's why televising the Wall Street honchos is important. > > > > > > Once investors see that the government is serious in enforcing the > > laws against fraudulent accounting, the market will be favorably affectd. > > > > > > jans > > > > > > > > > In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time, > > dforant1@nycap.rr.com writes: > > > > > > > This market is more effected by bad earnings and p/e's. The bubble > burst > > a > > > > long time ago. It's just going to take more quarters to swing the > > market. > > > > Notice the newly handcuffed Wall Street perpetrators that didn't rally > > the > > > > market recently like the first arrests. I never bought into that. The > > real > > > > culprits are, p/e's, and earnings along with the 9/11 disaster that > > broke > > > > the camels back. Some say stocks are cheap. Yeah, tech's, > > > > try em. > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 06 Aug 2002 11:21:20 -0400 Katherine: Just wanted to add my "thanks" to Kelly's. You really do do yeoman work for this forum; and I'm sure that I'm just one of many who is grateful for all your work. As for your SYY chart in DGO, I had never thought of this technique before (using RS of the industry group's top RS stocks)to check on the strength of that industry group. It is an ingenius use of DGO-and a valuable tool. Thanks again for this (and your many other contributions). jans In a message dated Mon, 5 Aug 2002 1:20:16 PM Eastern Standard Time, kelly.short@tx.us.neoris.com writes: > Katherine, > > Great explanation! Also, nice to see what DGO looks like. Still- pretty pricey, especially with "M" doesn't dictate much > action. > > Kelly - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Re: SYY (was: OSTE) Date: 06 Aug 2002 11:04:55 -0500 Hi jans, Wish I could claim credit for the RS "trick", but that's something I learned from the IBD some time ago. One thing to watch carefully....stocks will occasionally be lumped into industry groups, but their "true competitors" may be in others. When I'm comparing a stock in order to gauge industry strength I also look to the charts of the competitors, regardless of how they're classified. For example, UOPX and CECO are essentially competitors, but they are not found in the same industry grouping. Two good spots for finding competitors are www.hoovers.com (look under "Capsule") and http://www.bullsector.com/search.html. All in all, I've found this a more effective measure of strength than using the overall Group RS (and its derivative, IBD Industry Ranking and Group Letter Ranking in DGO), which lumps all stocks together, leaders and laggards, and then averages the activity of the group. Here's a couple of articles I've ferreted away on the subject: http://WallStreet-LLC.com/canslim/GroupChartsCantPinpoint.JPG http://WallStreet-LLC.com/canslim/GroupChartsMaskWinners.JPG Katherine PS ....thanks for the kind words.... ----- Original Message ----- Sent: Tuesday, August 06, 2002 10:21 AM > Katherine: > > Just wanted to add my "thanks" to Kelly's. You really do do yeoman work for this forum; and I'm sure that I'm just one of many who is grateful for all your work. > > As for your SYY chart in DGO, I had never thought of this technique before (using RS of the industry group's top RS stocks)to check on the strength of that industry group. It is an ingenius use of DGO-and a valuable tool. Thanks again for this (and your many other contributions). > > jans - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Rocky Sanghvi" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 12:13:24 -0400 Kent, Excellent question. I was recently speaking to a buddy of mine who is a guru in Operating systems and Databases. He is of the opinion that with the new Xion and Titanium chips - Unix is history! Atleast the expensive flavors of Unix are. Linux may stick around because its open source. These new chips are so incredibly fast and cheap that one of my clients recently invested in a 100K Dell server getting all the power, speed and convenience of a million dollar Sun box. One of our employees is a die-hard Unix fan and his words were "Man this is a sweet machine" What does that mean for the next 5-10 years. I forsee tremendous consolidation in the Computer / Server space. Money can be made by spreading your bets on the path of change. Thoughts? Rocky -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman Sent: Tuesday, August 06, 2002 12:03 AM Since we should be on the watch for new leadership next time around, what does the group think of AMDs chances of overtaking Intel? What other candidates do you hope/see coming up (not necessarily in chips). thanks Kent Norman ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 13:03:07 -0400 My understanding of the question is not clear. Is it: 1) New Leaders 2) Potential for AMD 3) Direction of Servers and Operating Systems? If 1) then my thoughts and observations say GOODS TRANSPORTATION to replenish inventory If 2) then my belief is that AMD will remain a strong #2 (currently 20% share). Intel has very strong finances, owns a lot of I.C. factories and also does contract I.C. building to TSM. INTC has all bases covered. If 3) then my observation is that the market moves FAST and today's "salvation" is tomorrow's "buggy whip" ----- Original Message ----- Sent: Tuesday, August 06, 2002 12:13 PM > Kent, > > Excellent question. I was recently speaking to a buddy of mine who is a > guru in Operating systems and Databases. He is of the opinion that with the > new Xion and Titanium chips - Unix is history! Atleast the expensive > flavors of Unix are. Linux may stick around because its open source. > > These new chips are so incredibly fast and cheap that one of my clients > recently invested in a 100K Dell server getting all the power, speed and > convenience of a million dollar Sun box. One of our employees is a die-hard > Unix fan and his words were "Man this is a sweet machine" > > What does that mean for the next 5-10 years. I forsee tremendous > consolidation in the Computer / Server space. Money can be made by > spreading your bets on the path of change. Thoughts? > > Rocky > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman > Sent: Tuesday, August 06, 2002 12:03 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Since we should be on the watch for new leadership next time around, > what does the group think of AMDs chances of overtaking Intel? > > What other candidates do you hope/see coming up (not necessarily in > chips). > > thanks > Kent Norman > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 11:07:24 -0600 And what OS does your friend feel will replace Unix? If he is suggesting Microsoft, few computing professionals of my acquaintance will consider using Microsoft products for enterprise-level tasks due to their instability, excessive defects (bugs), huge security deficiencies and last, but far from least, truly avaricious pricing schemes. Sorry, but high-end Unix (such as Sun Solaris) has many years of productivity ahead of it, because chip speed is only a small part of what makes up a robust enterprise server. Warren Rocky Sanghvi wrote: > Kent, > > Excellent question. I was recently speaking to a buddy of mine who is a > guru in Operating systems and Databases. He is of the opinion that with the > new Xion and Titanium chips - Unix is history! Atleast the expensive > flavors of Unix are. Linux may stick around because its open source. > > These new chips are so incredibly fast and cheap that one of my clients > recently invested in a 100K Dell server getting all the power, speed and > convenience of a million dollar Sun box. One of our employees is a die-hard > Unix fan and his words were "Man this is a sweet machine" > > What does that mean for the next 5-10 years. I forsee tremendous > consolidation in the Computer / Server space. Money can be made by > spreading your bets on the path of change. Thoughts? > > Rocky > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman > Sent: Tuesday, August 06, 2002 12:03 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Identifying NEW leaders > > Since we should be on the watch for new leadership next time around, > what does the group think of AMDs chances of overtaking Intel? > > What other candidates do you hope/see coming up (not necessarily in > chips). > > thanks > Kent Norman > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 10:25:24 -0700 (PDT) Rocky You are comparing a chip (Xion, Titanium) with an operating system (Unix). This is comparing apples with oranges. You have to compare operating system with operating system in this case it would be Unix with NT/2000/XP. And there is still no comparison between the two. I am in the IT outsourcing/consulting industry and only the smaller comapies will use a Microsoft setup. The bigger companies which require absolute reliablitly still go for the bigger Unix platforms. Our customers on Microsoft platforms still have to reboot their servers once a week, where a Unix system run for months without requiring a reboot. Maybe the initial cost for a dell server is cheaper, but if a 24x7 company lose thousounds of dollars each time the server go down, then the cost is made up pretty quickly by the more initially expensive server. The Xion and Titanium chipsets might be gaining some ground, but they are still hampered by the Window OS. Of course Linux on them could make them more reliable and more cost effective. In the long run, I just don't see customers who have already spent millions of dollars on stable environments, switch over to a less reliable platform. I think Unix will stay around for a long time. After all, I wouldn't be surprised if people were saying 20 years back that mainframes is history too and yet we have several customers still running on mainframes. Ken to answer you question (assuming you are reading this), I don't think AMD will overtake Intel. They will just settle in a comfortable number 2 spot. And with regard to new leaders, I just don't see any which jump out to me currently. - Fanus --- Rocky Sanghvi wrote: > Kent, > > Excellent question. I was recently speaking to a > buddy of mine who is a > guru in Operating systems and Databases. He is of > the opinion that with the > new Xion and Titanium chips - Unix is history! > Atleast the expensive > flavors of Unix are. Linux may stick around because > its open source. > > These new chips are so incredibly fast and cheap > that one of my clients > recently invested in a 100K Dell server getting all > the power, speed and > convenience of a million dollar Sun box. One of our > employees is a die-hard > Unix fan and his words were "Man this is a sweet > machine" > > What does that mean for the next 5-10 years. I > forsee tremendous > consolidation in the Computer / Server space. Money > can be made by > spreading your bets on the path of change. > Thoughts? > > Rocky > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Kent Norman > Sent: Tuesday, August 06, 2002 12:03 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Since we should be on the watch for new leadership > next time around, > what does the group think of AMDs chances of > overtaking Intel? > > What other candidates do you hope/see coming up (not > necessarily in > chips). > > thanks > Kent Norman > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 16:14:16 EDT --part1_6e.20a82531.2a818818_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Rocky/Fanus: Can I jump in on this subject? I have no background in the technology field and all of my chips come out of a plastic bag, but more to the point I think the question is where will new market leadership come from? The other day when WON was interviewed by K&K, he suggested it may come from the consumer group. My first reaction was negative. I can't see Ladies handbags, blue jeans, and hot dogs leading the market out of this mess. However, after talking to friends in the manufacturing business, WON may be right. Most business leaders are in a state of shell shock. They question the people that work for them, they question the government that regulates them, and they are afraid of the stockholders who pay them. With this kind of pressure who will be the first the expand production or build that new plant. On the other hand consumers really aren't that bad off no matter how much they complain. Even with 6% unemployment, 94% have jobs, are buying new homes and new cars and are even taking a vacation this year. After thinking about it I have to agree that new leaders will come from consumers. After all they represent 2/3rd of the economy. I don't think this necessarily means retail merchants will be our leaders, it may be technology products designed for consumers. I think we will know before the end of the year. Charley --part1_6e.20a82531.2a818818_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Rocky/Fanus: Can I jump in on this subject?
I have no background in the technology field and all of my chips come out of a plastic bag, but more to the point I think the question is where will new market leadership come from?
The other day when WON was interviewed by K&K, he suggested it may come from the consumer group. My first reaction was negative. I can't see Ladies handbags, blue jeans, and hot dogs leading the market out of this mess. However, after talking to friends in the manufacturing business, WON may be right. Most business leaders are in a state of shell shock. They question the people that work for them, they question the government that regulates them, and they are afraid of the stockholders who pay them. With this kind of pressure who will be the first the expand production or build that new plant. On the other hand consumers really aren't that bad off no matter how much they complain. Even with 6% unemployment, 94% have jobs, are buying new homes and new cars and are even taking a vacation this year.
After thinking about it I have to agree that new leaders will come from consumers. After all they represent 2/3rd of the economy. I don't think this necessarily means retail merchants will be our leaders, it may be technology products designed for consumers.
I think we will know before the end of the year.   Charley --part1_6e.20a82531.2a818818_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Rocky Sanghvi" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 16:43:17 -0400 Fanus and others, Your responses are truly intelligent and appreciated. I was not trying to compare chips to OS. I was referring to the fact that there are some pretty impressive and cheap machines being churned out. Yeah maybe the mainframes are still around but are they a growth industry? The midmarket customers will be sorely tempted to buy these lower-end (yes Microsoft/Linux OS based) servers. Windows is steadily improving its reliability (I have customers on Windows - midmarket customers - 250 mil revenue, running ERP systems who do not need to constantly reboot every week). IBM chose the Linux route for a very good reason (its sees the change happening - Enterprise Class Customers may begin the Linux transition). Sun / HP now have 2 choices. If they want to compete in the midmarket they have to work on solutions that are competitive to midmarket customers. Otherwise they can continue to play in the highly competitive Fortune Enterprise class customer market (24x7 uptime, highly reduntant, fault tolerant etc etc) who need all the jazz and are willing to shell out the mega bucks. Anyway, this is an off the cuff response - just something to think about. And I respect my buddy's knowledge tremendously. IMHO, whether its consumer products, hardware etc - spread your bets on the path of change. Rocky -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Fanus Sent: Tuesday, August 06, 2002 1:25 PM Rocky You are comparing a chip (Xion, Titanium) with an operating system (Unix). This is comparing apples with oranges. You have to compare operating system with operating system in this case it would be Unix with NT/2000/XP. And there is still no comparison between the two. I am in the IT outsourcing/consulting industry and only the smaller comapies will use a Microsoft setup. The bigger companies which require absolute reliablitly still go for the bigger Unix platforms. Our customers on Microsoft platforms still have to reboot their servers once a week, where a Unix system run for months without requiring a reboot. Maybe the initial cost for a dell server is cheaper, but if a 24x7 company lose thousounds of dollars each time the server go down, then the cost is made up pretty quickly by the more initially expensive server. The Xion and Titanium chipsets might be gaining some ground, but they are still hampered by the Window OS. Of course Linux on them could make them more reliable and more cost effective. In the long run, I just don't see customers who have already spent millions of dollars on stable environments, switch over to a less reliable platform. I think Unix will stay around for a long time. After all, I wouldn't be surprised if people were saying 20 years back that mainframes is history too and yet we have several customers still running on mainframes. Ken to answer you question (assuming you are reading this), I don't think AMD will overtake Intel. They will just settle in a comfortable number 2 spot. And with regard to new leaders, I just don't see any which jump out to me currently. - Fanus --- Rocky Sanghvi wrote: > Kent, > > Excellent question. I was recently speaking to a > buddy of mine who is a > guru in Operating systems and Databases. He is of > the opinion that with the > new Xion and Titanium chips - Unix is history! > Atleast the expensive > flavors of Unix are. Linux may stick around because > its open source. > > These new chips are so incredibly fast and cheap > that one of my clients > recently invested in a 100K Dell server getting all > the power, speed and > convenience of a million dollar Sun box. One of our > employees is a die-hard > Unix fan and his words were "Man this is a sweet > machine" > > What does that mean for the next 5-10 years. I > forsee tremendous > consolidation in the Computer / Server space. Money > can be made by > spreading your bets on the path of change. > Thoughts? > > Rocky > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Kent Norman > Sent: Tuesday, August 06, 2002 12:03 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Since we should be on the watch for new leadership > next time around, > what does the group think of AMDs chances of > overtaking Intel? > > What other candidates do you hope/see coming up (not > necessarily in > chips). > > thanks > Kent Norman > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Health - Feel better, live better > http://health.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 17:12:05 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0001_01C23D6C.665405A0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit WON did say that consumer groups might likely lead us out of the abyss. And if you pulled up today's SOD, there's a good chance you almost fell out of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which indicates buying volume has exceeded selling volume in recent months. The ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80, an Industry Group Relative Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, and PG (that one made me fall out of my chair). On another note, I've been absent a few days from the list, and in reviewing it, I noted someone saying that a particular chart looked pretty good, but it had no handle yet. Then I noted in today's Investor's Corner, it's not totally necessary to have a handle. After thinking about this and reviewing a few "handle-less" charts. All I could conclude is it's really a pattern that caters to good ol' IBD hindsight, right? Buying as the stock breaks out past the left peak of the handle (+ $.10) is risking that it's just setting up for a handle, right? Maybe we could name this new chart pattern "Cup with Craps" (as in rolling the dice)! Your roll.... Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Tuesday, August 06, 2002 4:14 PM Rocky/Fanus: Can I jump in on this subject? I have no background in the technology field and all of my chips come out of a plastic bag, but more to the point I think the question is where will new market leadership come from? The other day when WON was interviewed by K&K, he suggested it may come from the consumer group. My first reaction was negative. I can't see Ladies handbags, blue jeans, and hot dogs leading the market out of this mess. However, after talking to friends in the manufacturing business, WON may be right. Most business leaders are in a state of shell shock. They question the people that work for them, they question the government that regulates them, and they are afraid of the stockholders who pay them. With this kind of pressure who will be the first the expand production or build that new plant. On the other hand consumers really aren't that bad off no matter how much they complain. Even with 6% unemployment, 94% have jobs, are buying new homes and new cars and are even taking a vacation this year. After thinking about it I have to agree that new leaders will come from consumers. After all they represent 2/3rd of the economy. I don't think this necessarily means retail merchants will be our leaders, it may be technology products designed for consumers. I think we will know before the end of the year. Charley ------=_NextPart_000_0001_01C23D6C.665405A0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
WON did say = that consumer=20 groups might likely lead us out of the abyss.  And if you pulled up = today's=20 SOD, there's a good chance you almost fell out of your chair as I = did.  It=20 lists the top 20 Up/Down Volume leaders, to wit:
 
This screen lists leading stocks = in leading=20 industries with an up/down volume ratio of at least 1.0, which = indicates=20 buying volume has exceeded selling volume in recent months. The ratio = can be=20 found daily in IBD's Stock Checkup for all stocks. Stocks shown have an = Earnings Per Share Rating Relative Price Strength Rating of at least = 80, an Industry Group Relative Strength Rating of at = least=20 "B-" and an SMR Rating of "A." All stocks are within 20% = of a=20 52-week high.
 
There are three = consumer=20 products companies therein:  BUD, DL, STZ, and PG (that one made me = fall=20 out of my chair).
 
On another = note, I've been=20 absent a few days from the list, and in reviewing it, I noted someone = saying=20 that a particular chart looked pretty good, but it had no handle = yet.  Then=20 I noted in today's Investor's Corner, it's not totally necessary to have = a=20 handle.  After thinking about this and reviewing a few = "handle-less"=20 charts.  All I could conclude is it's really a pattern=20 that caters to good ol' IBD hindsight, = right?  Buying as the=20 stock breaks out past the left peak of the handle (+ $.10) is = risking that=20 it's just setting up for a handle, right? 
 
Maybe we could = name this=20 new chart pattern "Cup with Craps" (as in rolling the dice)! =20
 
Your=20 roll....
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Tuesday, August = 06, 2002=20 4:14 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Identifying NEW leaders

Rocky/Fanus: Can I jump in on = this subject?=20
I have no background in the technology field and all of my chips = come out=20 of a plastic bag, but more to the point I think the question is where = will new=20 market leadership come from?
The other day when WON was = interviewed by=20 K&K, he suggested it may come from the consumer group. My first = reaction=20 was negative. I can't see Ladies handbags, blue jeans, and hot dogs = leading=20 the market out of this mess. However, after talking to friends in the=20 manufacturing business, WON may be right. Most business leaders are in = a state=20 of shell shock. They question the people that work for them, they = question the=20 government that regulates them, and they are afraid of the = stockholders who=20 pay them. With this kind of pressure who will be the first the expand=20 production or build that new plant. On the other hand consumers really = aren't=20 that bad off no matter how much they complain. Even with 6% = unemployment, 94%=20 have jobs, are buying new homes and new cars and are even taking a = vacation=20 this year.
After thinking about it I have to agree that new = leaders will=20 come from consumers. After all they represent 2/3rd of the economy. I = don't=20 think this necessarily means retail merchants will be our leaders, it = may be=20 technology products designed for consumers.
I think we will know = before=20 the end of the year.   Charley=20
------=_NextPart_000_0001_01C23D6C.665405A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 17:16:09 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C23D6C.F87191F0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Correcting my post, sent in haste, I meant as it breaks out past the left peak of the cup, not handle. Sorry. -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller Sent: Tuesday, August 06, 2002 5:12 PM WON did say that consumer groups might likely lead us out of the abyss. And if you pulled up today's SOD, there's a good chance you almost fell out of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which indicates buying volume has exceeded selling volume in recent months. The ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80, an Industry Group Relative Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, and PG (that one made me fall out of my chair). On another note, I've been absent a few days from the list, and in reviewing it, I noted someone saying that a particular chart looked pretty good, but it had no handle yet. Then I noted in today's Investor's Corner, it's not totally necessary to have a handle. After thinking about this and reviewing a few "handle-less" charts, all I could conclude is it's really a pattern that caters to good ol' IBD hindsight, right? Buying as the stock breaks out past the left peak of the CUP(+ $.10) is risking that it's just setting up for a handle, right? Maybe we could name this new chart pattern "Cup with Craps" (as in rolling the dice)! Your roll.... Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Tuesday, August 06, 2002 4:14 PM Rocky/Fanus: Can I jump in on this subject? I have no background in the technology field and all of my chips come out of a plastic bag, but more to the point I think the question is where will new market leadership come from? The other day when WON was interviewed by K&K, he suggested it may come from the consumer group. My first reaction was negative. I can't see Ladies handbags, blue jeans, and hot dogs leading the market out of this mess. However, after talking to friends in the manufacturing business, WON may be right. Most business leaders are in a state of shell shock. They question the people that work for them, they question the government that regulates them, and they are afraid of the stockholders who pay them. With this kind of pressure who will be the first the expand production or build that new plant. On the other hand consumers really aren't that bad off no matter how much they complain. Even with 6% unemployment, 94% have jobs, are buying new homes and new cars and are even taking a vacation this year. After thinking about it I have to agree that new leaders will come from consumers. After all they represent 2/3rd of the economy. I don't think this necessarily means retail merchants will be our leaders, it may be technology products designed for consumers. I think we will know before the end of the year. Charley ------=_NextPart_000_0008_01C23D6C.F87191F0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Correcting my = post, sent in=20 haste, I meant as it breaks out past the left peak of the cup, not = handle. =20 Sorry.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Duke Miller
Sent: Tuesday, August 06, = 2002 5:12=20 PM
To: canslim@lists.xmission.com
Subject: RE: = [CANSLIM]=20 Identifying NEW leaders

WON did say = that consumer=20 groups might likely lead us out of the abyss.  And if you pulled = up=20 today's SOD, there's a good chance you almost fell out of your chair = as I=20 did.  It lists the top 20 Up/Down Volume leaders, to=20 wit:
 
This screen lists leading stocks = in=20 leading industries with an up/down volume ratio of at least 1.0, which = indicates=20 buying volume has exceeded selling volume in recent months. The ratio = can be=20 found daily in IBD's Stock Checkup for all stocks. Stocks shown have = an Earnings Per Share Rating Relative Price Strength Rating of at least = 80, an Industry Group Relative Strength Rating of = at least=20 "B-" and an SMR Rating of "A." All stocks are within = 20% of a=20 52-week high.
 
There are = three consumer=20 products companies therein:  BUD, DL, STZ, and PG (that one made = me fall=20 out of my chair).
 
On another = note, I've=20 been absent a few days from the list, and in reviewing it, I noted = someone=20 saying that a particular chart looked pretty good, but it had no = handle=20 yet.  Then I noted in today's Investor's Corner, it's not totally = necessary to have a handle.  After thinking about this and = reviewing a=20 few "handle-less" charts, all = I could=20 conclude is it's really a pattern that caters to good ol' = IBD=20 hindsight, right?  Buying as the stock breaks out past = the left=20 peak of the CUP(+ $.10) is=20 risking that it's just setting up for a handle, right? =20
 
Maybe we = could name this=20 new chart pattern "Cup with Craps" (as in rolling the = dice)! =20
 
Your=20 roll....
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Tuesday, = August 06,=20 2002 4:14 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Identifying NEW leaders

Rocky/Fanus: Can I jump in on = this=20 subject?
I have no background in the technology field and all of = my=20 chips come out of a plastic bag, but more to the point I think the = question=20 is where will new market leadership come from?
The other day = when WON=20 was interviewed by K&K, he suggested it may come from the = consumer=20 group. My first reaction was negative. I can't see Ladies handbags, = blue=20 jeans, and hot dogs leading the market out of this mess. However, = after=20 talking to friends in the manufacturing business, WON may be right. = Most=20 business leaders are in a state of shell shock. They question the = people=20 that work for them, they question the government that regulates = them, and=20 they are afraid of the stockholders who pay them. With this kind of = pressure=20 who will be the first the expand production or build that new plant. = On the=20 other hand consumers really aren't that bad off no matter how much = they=20 complain. Even with 6% unemployment, 94% have jobs, are buying new = homes and=20 new cars and are even taking a vacation this year.
After = thinking about=20 it I have to agree that new leaders will come from consumers. After = all they=20 represent 2/3rd of the economy. I don't think this necessarily means = retail=20 merchants will be our leaders, it may be technology products = designed for=20 consumers.
I think we will know before the end of the year.=20   Charley =
------=_NextPart_000_0008_01C23D6C.F87191F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 18:30:00 EDT --part1_1ad.64f3dfc.2a81a7e8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Cup with Craps has a certain ring to it. I like it. Charley --part1_1ad.64f3dfc.2a81a7e8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Cup with Craps has a certain ring to it. I like it. Charley --part1_1ad.64f3dfc.2a81a7e8_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 19:46:00 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0020_01C23D81.E424FCE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageIf we have to look toward beer and soap to lead the market, it = won't be pretty..... Jon ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 5:12 PM Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the = abyss. And if you pulled up today's SOD, there's a good chance you = almost fell out of your chair as I did. It lists the top 20 Up/Down = Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down = volume ratio of at least 1.0, which indicates buying volume has exceeded = selling volume in recent months. The ratio can be found daily in IBD's = Stock Checkup for all stocks. Stocks shown have an Earnings Per Share = Rating Relative Price Strength Rating of at least 80, an Industry Group = Relative Strength Rating of at least "B-" and an SMR Rating of "A." All = stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, = and PG (that one made me fall out of my chair). ------=_NextPart_000_0020_01C23D81.E424FCE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
If we have to look toward beer = and soap to=20 lead the market, it won't be pretty.....
 
Jon
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Tuesday, August 06, 2002 = 5:12=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

WON did say = that consumer=20 groups might likely lead us out of the abyss.  And if you pulled = up=20 today's SOD, there's a good chance you almost fell out of your chair = as I=20 did.  It lists the top 20 Up/Down Volume leaders, to=20 wit:
 
This screen lists leading stocks = in=20 leading industries with an up/down volume ratio of at least 1.0, which = indicates=20 buying volume has exceeded selling volume in recent months. The ratio = can be=20 found daily in IBD's Stock Checkup for all stocks. Stocks shown have = an Earnings Per Share Rating Relative Price Strength Rating of at least = 80, an Industry Group Relative Strength Rating of = at least=20 "B-" and an SMR Rating of "A." All stocks are within = 20% of a=20 52-week high.
 
There are = three consumer=20 products companies therein:  BUD, DL, STZ, and PG (that one made = me fall=20 out of my chair).
 
 
------=_NextPart_000_0020_01C23D81.E424FCE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 14:15:30 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0039_01C23D53.B8235B60 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit MessageHere's a little tool that I offer to the group that will help mine for these situations, whatever their merits. My CwH engine normally looks for charts that fit the standard CwH criteria, but an adaptation I've made of the engine will allow you to look for stocks that zoomed past the left side of the cup and formed a higher than usual pivot, even if only for 1 day. Try overriding the default parameters in the attached link with ,say, a max pivot of 120% (that means 20% above the left side cup rim) and a handle length of 1 day. http://www.cwhcharts.com/cs.php The tool will only find stocks that have formed a pullback, even of only 1 day, so it can't find stocks that are not currently forming a handle (that is 0 handle days). This is a freebie for the group in return for the immense educational value I get from being a member. It's only been tested within normal CwH ranges so I'm not sure how well it will perform under wild assumptions. Let me know if you find anything strange, if you find it useful, and what improvements you'd like to see. BTW, it does use extensive processing resources, so please be restrained in its use. Some members were hitting the Canslim Evaluator(http://www.cwhcharts.com/canslim) over 100 times a day so I had to limit it to only 5 times per person per day. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Tuesday, August 06, 2002 11:12 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the abyss. And if you pulled up today's SOD, there's a good chance you almost fell out of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which indicates buying volume has exceeded selling volume in recent months. The ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80, an Industry Group Relative Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, and PG (that one made me fall out of my chair). On another note, I've been absent a few days from the list, and in reviewing it, I noted someone saying that a particular chart looked pretty good, but it had no handle yet. Then I noted in today's Investor's Corner, it's not totally necessary to have a handle. After thinking about this and reviewing a few "handle-less" charts. All I could conclude is it's really a pattern that caters to good ol' IBD hindsight, right? Buying as the stock breaks out past the left peak of the handle (+ $.10) is risking that it's just setting up for a handle, right? Maybe we could name this new chart pattern "Cup with Craps" (as in rolling the dice)! Your roll.... Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Tuesday, August 06, 2002 4:14 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Rocky/Fanus: Can I jump in on this subject? I have no background in the technology field and all of my chips come out of a plastic bag, but more to the point I think the question is where will new market leadership come from? The other day when WON was interviewed by K&K, he suggested it may come from the consumer group. My first reaction was negative. I can't see Ladies handbags, blue jeans, and hot dogs leading the market out of this mess. However, after talking to friends in the manufacturing business, WON may be right. Most business leaders are in a state of shell shock. They question the people that work for them, they question the government that regulates them, and they are afraid of the stockholders who pay them. With this kind of pressure who will be the first the expand production or build that new plant. On the other hand consumers really aren't that bad off no matter how much they complain. Even with 6% unemployment, 94% have jobs, are buying new homes and new cars and are even taking a vacation this year. After thinking about it I have to agree that new leaders will come from consumers. After all they represent 2/3rd of the economy. I don't think this necessarily means retail merchants will be our leaders, it may be technology products designed for consumers. I think we will know before the end of the year. Charley ------=_NextPart_000_0039_01C23D53.B8235B60 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Message
Here's a little tool that I offer to the = group that=20 will help mine for these situations, whatever their = merits.
 
My=20 CwH engine normally looks for charts that fit the standard CwH criteria, = but an=20 adaptation I've made of the engine will allow you to look for stocks = that zoomed=20 past the left side of the cup and formed a higher than usual pivot, even = if only=20 for 1 day.
 
Try=20 overriding the default parameters in the attached link with ,say, a max = pivot of=20 120% (that means 20% above the left side cup rim) and a handle length of = 1=20 day.
 
http://www.cwhcharts.com/cs.php<= /A>
 
The=20 tool will only find stocks that have formed a pullback, even of only 1 = day, so=20 it can't find stocks that are not currently forming a handle (that is 0 = handle=20 days).
 
This=20 is a freebie for the group in return for the immense educational = value I=20 get from being a member. It's only been tested within normal CwH ranges = so I'm=20 not sure how well it will perform under wild assumptions. Let me know if = you=20 find anything strange, if you find it useful, and what improvements = you'd like=20 to see.
 
BTW,=20 it does use extensive processing resources, so please be restrained in = its use.=20 Some members were hitting the Canslim Evaluator(http://www.cwhcharts.com/cansli= m)=20 over 100 times a day so I had to limit it to only 5 times per person per = day.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Tuesday, August 06, 2002 11:12 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

WON did say = that consumer=20 groups might likely lead us out of the abyss.  And if you pulled = up=20 today's SOD, there's a good chance you almost fell out of your chair = as I=20 did.  It lists the top 20 Up/Down Volume leaders, to=20 wit:
 
This screen lists leading stocks = in=20 leading industries with an up/down volume ratio of at least 1.0, which = indicates=20 buying volume has exceeded selling volume in recent months. The ratio = can be=20 found daily in IBD's Stock Checkup for all stocks. Stocks shown have = an Earnings Per Share Rating Relative Price Strength Rating of at least = 80, an Industry Group Relative Strength Rating of = at least=20 "B-" and an SMR Rating of "A." All stocks are within = 20% of a=20 52-week high.
 
There are = three consumer=20 products companies therein:  BUD, DL, STZ, and PG (that one made = me fall=20 out of my chair).
 
On another = note, I've=20 been absent a few days from the list, and in reviewing it, I noted = someone=20 saying that a particular chart looked pretty good, but it had no = handle=20 yet.  Then I noted in today's Investor's Corner, it's not totally = necessary to have a handle.  After thinking about this and = reviewing a=20 few "handle-less" charts.  All I could conclude is it's = really a=20 pattern that caters to good ol' IBD hindsight,=20 right?  Buying as the stock breaks out past the left = peak of=20 the handle (+ $.10) is risking that it's just setting up for a = handle,=20 right? 
 
Maybe we = could name this=20 new chart pattern "Cup with Craps" (as in rolling the = dice)! =20
 
Your=20 roll....
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Tuesday, = August 06,=20 2002 4:14 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Identifying NEW leaders

Rocky/Fanus: Can I jump in on = this=20 subject?
I have no background in the technology field and all of = my=20 chips come out of a plastic bag, but more to the point I think the = question=20 is where will new market leadership come from?
The other day = when WON=20 was interviewed by K&K, he suggested it may come from the = consumer=20 group. My first reaction was negative. I can't see Ladies handbags, = blue=20 jeans, and hot dogs leading the market out of this mess. However, = after=20 talking to friends in the manufacturing business, WON may be right. = Most=20 business leaders are in a state of shell shock. They question the = people=20 that work for them, they question the government that regulates = them, and=20 they are afraid of the stockholders who pay them. With this kind of = pressure=20 who will be the first the expand production or build that new plant. = On the=20 other hand consumers really aren't that bad off no matter how much = they=20 complain. Even with 6% unemployment, 94% have jobs, are buying new = homes and=20 new cars and are even taking a vacation this year.
After = thinking about=20 it I have to agree that new leaders will come from consumers. After = all they=20 represent 2/3rd of the economy. I don't think this necessarily means = retail=20 merchants will be our leaders, it may be technology products = designed for=20 consumers.
I think we will know before the end of the year.=20   Charley =
------=_NextPart_000_0039_01C23D53.B8235B60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 20:49:41 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_006E_01C23D8A.C9996650 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageI will wade into this topic just a little. I have never found = consumer groups to be sustainable leaders. They are defensive, and some = are less cyclical than others (we got to eat, smoke, drink, take baths, = do laundry, etc after all, at least I hope so!!). I have seen the = Financials provide a strong secondary leadership at times, even lasting = months, but that is also not a sector I fully trust as true leaders to = turn this "M" around. I think the key will remain whatever group can = demonstrate sustained revenue and earnings growth that puts the rest of = the groups / sectors to shame. So far, none are showing that to me. ----- Original Message -----=20 Sent: Tuesday, August 06, 2002 7:46 PM If we have to look toward beer and soap to lead the market, it won't be = pretty..... Jon ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 5:12 PM Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the = abyss. And if you pulled up today's SOD, there's a good chance you = almost fell out of your chair as I did. It lists the top 20 Up/Down = Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down = volume ratio of at least 1.0, which indicates buying volume has exceeded = selling volume in recent months. The ratio can be found daily in IBD's = Stock Checkup for all stocks. Stocks shown have an Earnings Per Share = Rating Relative Price Strength Rating of at least 80, an Industry Group = Relative Strength Rating of at least "B-" and an SMR Rating of "A." All = stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, = and PG (that one made me fall out of my chair). ------=_NextPart_000_006E_01C23D8A.C9996650 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
I will wade into this topic just a little. I = have never=20 found consumer groups to be sustainable leaders. They are defensive, and = some=20 are less cyclical than others (we got to eat, smoke, drink, take baths, = do=20 laundry, etc after all, at least I hope so!!).  I have seen the = Financials=20 provide a strong secondary leadership at times, even lasting months, but = that is=20 also not a sector I fully trust as true leaders to turn this "M" = around.  I=20 think the key will remain whatever group can demonstrate sustained = revenue and=20 earnings growth that puts the rest of the groups / sectors to shame. So = far,=20 none are showing that to me.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Tuesday, August 06, 2002 7:46 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

If we have to look toward beer = and soap to=20 lead the market, it won't be pretty.....
 
Jon
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Tuesday, August 06, 2002 = 5:12=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

WON did say = that consumer=20 groups might likely lead us out of the abyss.  And if you pulled = up=20 today's SOD, there's a good chance you almost fell out of your chair = as I=20 did.  It lists the top 20 Up/Down Volume leaders, to=20 wit:
 
This screen lists leading stocks = in=20 leading industries with an up/down volume ratio of at least 1.0, which = indicates=20 buying volume has exceeded selling volume in recent months. The ratio = can be=20 found daily in IBD's Stock Checkup for all stocks. Stocks shown have = an Earnings Per Share Rating Relative Price Strength Rating of at least = 80, an Industry Group Relative Strength Rating of = at least=20 "B-" and an SMR Rating of "A." All stocks are within = 20% of a=20 52-week high.
 
There are = three consumer=20 products companies therein:  BUD, DL, STZ, and PG (that one made = me fall=20 out of my chair).
 
 
------=_NextPart_000_006E_01C23D8A.C9996650-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 22:34:15 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_002B_01C23D99.68D8BB40 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit I think this was basically WON's point in the K&C Interview. He concluded that without tax incentives for new businesses, a new leading group may be a long way off. However, since my bride's 401K is primarily made up of P&G stock, I'm happy to see them showing the remaining industries their backside! As for the beer, I'm doing my part! Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Tuesday, August 06, 2002 8:50 PM I will wade into this topic just a little. I have never found consumer groups to be sustainable leaders. They are defensive, and some are less cyclical than others (we got to eat, smoke, drink, take baths, do laundry, etc after all, at least I hope so!!). I have seen the Financials provide a strong secondary leadership at times, even lasting months, but that is also not a sector I fully trust as true leaders to turn this "M" around. I think the key will remain whatever group can demonstrate sustained revenue and earnings growth that puts the rest of the groups / sectors to shame. So far, none are showing that to me. ----- Original Message ----- Sent: Tuesday, August 06, 2002 7:46 PM If we have to look toward beer and soap to lead the market, it won't be pretty..... Jon ----- Original Message ----- Sent: Tuesday, August 06, 2002 5:12 PM WON did say that consumer groups might likely lead us out of the abyss. And if you pulled up today's SOD, there's a good chance you almost fell out of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which indicates buying volume has exceeded selling volume in recent months. The ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80, an Industry Group Relative Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, and PG (that one made me fall out of my chair). ------=_NextPart_000_002B_01C23D99.68D8BB40 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
I think this = was basically=20 WON's point in the K&C Interview.  He concluded that without = tax=20 incentives for new businesses, a new leading group may be a long way = off. =20 However, since my bride's 401K is primarily made up of P&G stock, = I'm happy=20 to see them showing the remaining industries their = backside!
 
As for the = beer, I'm doing=20 my part!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Tuesday, August 06, = 2002 8:50=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Identifying NEW leaders

I will wade into this topic just a little. I = have never=20 found consumer groups to be sustainable leaders. They are defensive, = and some=20 are less cyclical than others (we got to eat, smoke, drink, take = baths, do=20 laundry, etc after all, at least I hope so!!).  I have seen the=20 Financials provide a strong secondary leadership at times, even = lasting=20 months, but that is also not a sector I fully trust as true leaders to = turn=20 this "M" around.  I think the key will remain whatever group can=20 demonstrate sustained revenue and earnings growth that puts the rest = of the=20 groups / sectors to shame. So far, none are showing that to = me.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Tuesday, August 06, 2002 7:46 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

If we have to look toward beer = and soap to=20 lead the market, it won't be pretty.....
 
Jon
----- Original Message -----
From:=20 Duke Miller
Sent: Tuesday, August 06, = 2002 5:12=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

WON did say = that=20 consumer groups might likely lead us out of the abyss.  And if = you=20 pulled up today's SOD, there's a good chance you almost fell out of = your=20 chair as I did.  It lists the top 20 Up/Down Volume leaders, to = wit:
 
This screen lists leading = stocks in=20 leading industries with an up/down volume ratio of at least 1.0, = which=20 indicates buying volume has exceeded selling volume in recent = months. The=20 ratio can be found daily in IBD's Stock Checkup for all stocks. = Stocks shown=20 have an Earnings Per Share Rating Relative Price Strength Rating of at = least 80, an=20 Industry Group Relative Strength Rating = of at least=20 "B-" and an SMR Rating of "A." All stocks are within = 20% of a=20 52-week high.
 
There are = three=20 consumer products companies therein:  BUD, DL, STZ, and PG = (that one=20 made me fall out of my chair).
 
 
------=_NextPart_000_002B_01C23D99.68D8BB40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 21:41:16 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_051F_01C23D91.FE0E2F90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageHere's another view of "consumer" stocks--take a look at stocks = like NBTY, WTW, CHTT, all of which have pros/cons, but nonetheless = something unexpected. Who would've thought that HD might've done so well = simply by consolidating a fragmented industry and redefining "home = improvement"? Sometimes it's the unexpected which does the best while = everybody else is looking to the obvious. Katherine ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 9:34 PM Subject: RE: [CANSLIM] Identifying NEW leaders I think this was basically WON's point in the K&C Interview. He = concluded that without tax incentives for new businesses, a new leading = group may be a long way off. However, since my bride's 401K is = primarily made up of P&G stock, I'm happy to see them showing the = remaining industries their backside! As for the beer, I'm doing my part! Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Tuesday, August 06, 2002 8:50 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders I will wade into this topic just a little. I have never found = consumer groups to be sustainable leaders. They are defensive, and some = are less cyclical than others (we got to eat, smoke, drink, take baths, = do laundry, etc after all, at least I hope so!!). I have seen the = Financials provide a strong secondary leadership at times, even lasting = months, but that is also not a sector I fully trust as true leaders to = turn this "M" around. I think the key will remain whatever group can = demonstrate sustained revenue and earnings growth that puts the rest of = the groups / sectors to shame. So far, none are showing that to me. ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 7:46 PM Subject: Re: [CANSLIM] Identifying NEW leaders If we have to look toward beer and soap to lead the market, it won't = be pretty..... Jon ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 5:12 PM Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the = abyss. And if you pulled up today's SOD, there's a good chance you = almost fell out of your chair as I did. It lists the top 20 Up/Down = Volume leaders, to wit: This screen lists leading stocks in leading industries with an = up/down volume ratio of at least 1.0, which indicates buying volume has = exceeded selling volume in recent months. The ratio can be found daily = in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per = Share Rating Relative Price Strength Rating of at least 80, an Industry = Group Relative Strength Rating of at least "B-" and an SMR Rating of = "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, = STZ, and PG (that one made me fall out of my chair). ------=_NextPart_000_051F_01C23D91.FE0E2F90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Here's another view of "consumer" stocks--take a look at stocks = like NBTY,=20 WTW, CHTT, all of which have pros/cons, but nonetheless something = unexpected.=20 Who would've thought that HD might've done so well simply by = consolidating a=20 fragmented industry and redefining "home improvement"? Sometimes it's = the=20 unexpected which does the best while everybody else is looking to the=20 obvious.
 
Katherine
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Tuesday, August 06, 2002 = 9:34=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

I think this = was=20 basically WON's point in the K&C Interview.  He concluded = that=20 without tax incentives for new businesses, a new leading group may be = a long=20 way off.  However, since my bride's 401K is primarily made up of = P&G=20 stock, I'm happy to see them showing the remaining industries their=20 backside!
 
As for the = beer, I'm=20 doing my part!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Tuesday, August 06, = 2002 8:50=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Identifying NEW leaders

I will wade into this topic just a little. I = have=20 never found consumer groups to be sustainable leaders. They are = defensive,=20 and some are less cyclical than others (we got to eat, smoke, drink, = take=20 baths, do laundry, etc after all, at least I hope so!!).  I = have seen=20 the Financials provide a strong secondary leadership at times, even = lasting=20 months, but that is also not a sector I fully trust as true leaders = to turn=20 this "M" around.  I think the key will remain whatever group = can=20 demonstrate sustained revenue and earnings growth that puts the rest = of the=20 groups / sectors to shame. So far, none are showing that to = me.
 
----- Original Message -----=20
From: = J. = Lobatto=20
Sent: Tuesday, August 06, 2002 7:46 PM
Subject: Re: [CANSLIM] Identifying NEW = leaders

If we have to look toward = beer and soap=20 to lead the market, it won't be pretty.....
 
Jon
----- Original Message ----- =
From:=20 Duke Miller
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, = 2002 5:12=20 PM
Subject: RE: [CANSLIM] = Identifying=20 NEW leaders

WON did = say that=20 consumer groups might likely lead us out of the abyss.  And = if you=20 pulled up today's SOD, there's a good chance you almost fell out = of your=20 chair as I did.  It lists the top 20 Up/Down Volume leaders, = to=20 wit:
 
This screen lists leading = stocks in=20 leading industries with an up/down volume ratio of at least 1.0, = which=20 indicates buying volume has exceeded selling volume in recent = months. The=20 ratio can be found daily in IBD's Stock Checkup for all stocks. = Stocks=20 shown have an Earnings Per Share Rating Relative Price Strength Rating of at = least 80, an=20 Industry Group Relative Strength Rating = of at=20 least "B-" and an SMR Rating of "A." All stocks are = within 20% of a=20 52-week high.
 
There are = three=20 consumer products companies therein:  BUD, DL, STZ, and PG = (that one=20 made me fall out of my chair).
 
 
------=_NextPart_000_051F_01C23D91.FE0E2F90-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 20:10:18 -0700 Hi Mike, Yet another great little tool there. Seems to me one would only need to use it maybe once a week or so to fish for candidates so hopefully your server won't take a beating. I would guess that you may experience some heavy use at first till folks "dial in" their prefered settings. Once again, great job! -Bill ----- Original Message ----- Sent: Tuesday, August 06, 2002 5:15 PM > MessageHere's a little tool that I offer to the group that will help mine > for these situations, whatever their merits. > > My CwH engine normally looks for charts that fit the standard CwH criteria, > but an adaptation I've made of the engine will allow you to look for stocks > that zoomed past the left side of the cup and formed a higher than usual > pivot, even if only for 1 day. > > Try overriding the default parameters in the attached link with ,say, a max > pivot of 120% (that means 20% above the left side cup rim) and a handle > length of 1 day. > > http://www.cwhcharts.com/cs.php > > The tool will only find stocks that have formed a pullback, even of only 1 > day, so it can't find stocks that are not currently forming a handle (that > is 0 handle days). > > This is a freebie for the group in return for the immense educational value > I get from being a member. It's only been tested within normal CwH ranges so > I'm not sure how well it will perform under wild assumptions. Let me know if > you find anything strange, if you find it useful, and what improvements > you'd like to see. > > BTW, it does use extensive processing resources, so please be restrained in > its use. Some members were hitting the Canslim > Evaluator(http://www.cwhcharts.com/canslim) over 100 times a day so I had to > limit it to only 5 times per person per day. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller > Sent: Tuesday, August 06, 2002 11:12 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Identifying NEW leaders > > > WON did say that consumer groups might likely lead us out of the abyss. > And if you pulled up today's SOD, there's a good chance you almost fell out > of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: > > This screen lists leading stocks in leading industries with an up/down > volume ratio of at least 1.0, which indicates buying volume has exceeded > selling volume in recent months. The ratio can be found daily in IBD's Stock > Checkup for all stocks. Stocks shown have an Earnings Per Share Rating > Relative Price Strength Rating of at least 80, an Industry Group Relative > Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are > within 20% of a 52-week high. > > There are three consumer products companies therein: BUD, DL, STZ, and PG > (that one made me fall out of my chair). > > On another note, I've been absent a few days from the list, and in > reviewing it, I noted someone saying that a particular chart looked pretty > good, but it had no handle yet. Then I noted in today's Investor's Corner, > it's not totally necessary to have a handle. After thinking about this and > reviewing a few "handle-less" charts. All I could conclude is it's really a > pattern that caters to good ol' IBD hindsight, right? Buying as the stock > breaks out past the left peak of the handle (+ $.10) is risking that it's > just setting up for a handle, right? > > Maybe we could name this new chart pattern "Cup with Craps" (as in rolling > the dice)! > > Your roll.... > > Duke > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com > Sent: Tuesday, August 06, 2002 4:14 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Rocky/Fanus: Can I jump in on this subject? > I have no background in the technology field and all of my chips come > out of a plastic bag, but more to the point I think the question is where > will new market leadership come from? > The other day when WON was interviewed by K&K, he suggested it may come > from the consumer group. My first reaction was negative. I can't see Ladies > handbags, blue jeans, and hot dogs leading the market out of this mess. > However, after talking to friends in the manufacturing business, WON may be > right. Most business leaders are in a state of shell shock. They question > the people that work for them, they question the government that regulates > them, and they are afraid of the stockholders who pay them. With this kind > of pressure who will be the first the expand production or build that new > plant. On the other hand consumers really aren't that bad off no matter how > much they complain. Even with 6% unemployment, 94% have jobs, are buying new > homes and new cars and are even taking a vacation this year. > After thinking about it I have to agree that new leaders will come from > consumers. After all they represent 2/3rd of the economy. I don't think this > necessarily means retail merchants will be our leaders, it may be technology > products designed for consumers. > I think we will know before the end of the year. Charley > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 16:44:15 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0059_01C23D68.804FC600 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit MessageDon't overlook the soap :) Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Tuesday, August 06, 2002 4:34 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Identifying NEW leaders I think this was basically WON's point in the K&C Interview. He concluded that without tax incentives for new businesses, a new leading group may be a long way off. However, since my bride's 401K is primarily made up of P&G stock, I'm happy to see them showing the remaining industries their backside! As for the beer, I'm doing my part! Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Tuesday, August 06, 2002 8:50 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders I will wade into this topic just a little. I have never found consumer groups to be sustainable leaders. They are defensive, and some are less cyclical than others (we got to eat, smoke, drink, take baths, do laundry, etc after all, at least I hope so!!). I have seen the Financials provide a strong secondary leadership at times, even lasting months, but that is also not a sector I fully trust as true leaders to turn this "M" around. I think the key will remain whatever group can demonstrate sustained revenue and earnings growth that puts the rest of the groups / sectors to shame. So far, none are showing that to me. ----- Original Message ----- From: J. Lobatto To: canslim@lists.xmission.com Sent: Tuesday, August 06, 2002 7:46 PM Subject: Re: [CANSLIM] Identifying NEW leaders If we have to look toward beer and soap to lead the market, it won't be pretty..... Jon ----- Original Message ----- From: Duke Miller To: canslim@lists.xmission.com Sent: Tuesday, August 06, 2002 5:12 PM Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the abyss. And if you pulled up today's SOD, there's a good chance you almost fell out of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which indicates buying volume has exceeded selling volume in recent months. The ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80, an Industry Group Relative Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, and PG (that one made me fall out of my chair). ------=_NextPart_000_0059_01C23D68.804FC600 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Message
Don't=20 overlook the soap :)
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Tuesday, August 06, 2002 4:34 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

I think this = was=20 basically WON's point in the K&C Interview.  He concluded = that=20 without tax incentives for new businesses, a new leading group may be = a long=20 way off.  However, since my bride's 401K is primarily made up of = P&G=20 stock, I'm happy to see them showing the remaining industries their=20 backside!
 
As for the = beer, I'm=20 doing my part!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Tuesday, August 06, = 2002 8:50=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Identifying NEW leaders

I will wade into this topic just a little. I = have=20 never found consumer groups to be sustainable leaders. They are = defensive,=20 and some are less cyclical than others (we got to eat, smoke, drink, = take=20 baths, do laundry, etc after all, at least I hope so!!).  I = have seen=20 the Financials provide a strong secondary leadership at times, even = lasting=20 months, but that is also not a sector I fully trust as true leaders = to turn=20 this "M" around.  I think the key will remain whatever group = can=20 demonstrate sustained revenue and earnings growth that puts the rest = of the=20 groups / sectors to shame. So far, none are showing that to = me.
 
----- Original Message -----=20
From: = J. = Lobatto=20
Sent: Tuesday, August 06, 2002 7:46 PM
Subject: Re: [CANSLIM] Identifying NEW = leaders

If we have to look toward = beer and soap=20 to lead the market, it won't be pretty.....
 
Jon
----- Original Message ----- =
From:=20 Duke Miller
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, = 2002 5:12=20 PM
Subject: RE: [CANSLIM] = Identifying=20 NEW leaders

WON did = say that=20 consumer groups might likely lead us out of the abyss.  And = if you=20 pulled up today's SOD, there's a good chance you almost fell out = of your=20 chair as I did.  It lists the top 20 Up/Down Volume leaders, = to=20 wit:
 
This screen lists leading = stocks in=20 leading industries with an up/down volume ratio of at least 1.0, = which=20 indicates buying volume has exceeded selling volume in recent = months. The=20 ratio can be found daily in IBD's Stock Checkup for all stocks. = Stocks=20 shown have an Earnings Per Share Rating Relative Price Strength Rating of at = least 80, an=20 Industry Group Relative Strength Rating = of at=20 least "B-" and an SMR Rating of "A." All stocks are = within 20% of a=20 52-week high.
 
There are = three=20 consumer products companies therein:  BUD, DL, STZ, and PG = (that one=20 made me fall out of my chair).
 
 
------=_NextPart_000_0059_01C23D68.804FC600-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Vanchee1@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 23:35:36 EDT --part1_ad.2160f8b6.2a81ef88_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Speaking of leaders, shouldn't we consider ourselves as leaders in the investors arena. As leaders, we might consider starting a stock watch list, where we can refine our best of the best stocks. This could benefit all within our group. Food for thought, Chris --part1_ad.2160f8b6.2a81ef88_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Speaking of leaders, shouldn't we consider ourselves as leaders in the investors arena. As leaders, we might consider starting a stock watch list, where we can refine our best of the best stocks. This could benefit all within our group.

Food for thought,  Chris --part1_ad.2160f8b6.2a81ef88_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 06 Aug 2002 23:53:25 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_003C_01C23DA4.747A53E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'd like to see that happen. I am not as well versed in canslim as many = of you, and I have to admit that each day the market is down I look at = it as another day to try to push one more fact in my head, so if the = market turns up I may be able to find one or two good buys. I know that = there will probably be more then one or two out there- after a while of = up market -but I don't have confidence that I will find many of them. I = dont know if its fair to ask the more advanced people to do work and = put it out for everyone,( I guess only they can decide that) but I bet = if the whole group was analyzing the best picks from the best people we = would find the next AOL or MSFT. Maybe like every Friday everyone could = put up their two or three best picks. The more advanced could analysis = it and the less advanced could learn from it. Any thoughts from anyone = else??? ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 8:35 PM Subject: Re: [CANSLIM] Identifying NEW leaders Speaking of leaders, shouldn't we consider ourselves as leaders in the = investors arena. As leaders, we might consider starting a stock watch = list, where we can refine our best of the best stocks. This could = benefit all within our group.=20 Food for thought, Chris ------=_NextPart_000_003C_01C23DA4.747A53E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'd like to see that happen. I am not = as well=20 versed in canslim as many of you, and I have to admit that each day the = market=20 is down I look at it as another day to try to push one more fact in my = head, so=20 if the market turns up I may be able to find one or two good=20 buys.  I know that there will probably be more then one or=20 two out there- after a while of up market -but I don't have = confidence that=20 I will find many of them.  I dont know if its fair to ask the more = advanced=20 people to do  work and put it out for everyone,( I guess only they = can=20 decide that) but I bet if the whole group was analyzing  the = best=20 picks from the best people we would find the next AOL or MSFT.  = Maybe like=20 every Friday everyone could put up their two or three best = picks.  The=20 more advanced could analysis it and the less advanced could learn from = it. =20 Any thoughts from anyone else???
----- Original Message -----
From:=20 Vanchee1@aol.com=20
Sent: Tuesday, August 06, 2002 = 8:35=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Speaking of leaders, shouldn't we = consider ourselves=20 as leaders in the investors arena. As leaders, we might consider = starting a=20 stock watch list, where we can refine our best of the best stocks. = This could=20 benefit all within our group.

Food for thought,  = Chris=20
------=_NextPart_000_003C_01C23DA4.747A53E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Expensing Stock Options Date: 07 Aug 2002 08:22:37 -0400 Nice summary report of companies that have made any announcements on this topic recently http://biz.yahoo.com/djus/020807/200208070815000375_1.html Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 08:59:40 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0055_01C23DF0.C3FD54C0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable MessageWell done Mike. Many thanks. Jon ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 8:15 PM Subject: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders Here's a little tool that I offer to the group that will help mine for = these situations, whatever their merits. My CwH engine normally looks for charts that fit the standard CwH = criteria, but an adaptation I've made of the engine will allow you to = look for stocks that zoomed past the left side of the cup and formed a = higher than usual pivot, even if only for 1 day.=20 Try overriding the default parameters in the attached link with ,say, = a max pivot of 120% (that means 20% above the left side cup rim) and a = handle length of 1 day. http://www.cwhcharts.com/cs.php The tool will only find stocks that have formed a pullback, even of = only 1 day, so it can't find stocks that are not currently forming a = handle (that is 0 handle days). This is a freebie for the group in return for the immense educational = value I get from being a member. It's only been tested within normal CwH = ranges so I'm not sure how well it will perform under wild assumptions. = Let me know if you find anything strange, if you find it useful, and = what improvements you'd like to see. BTW, it does use extensive processing resources, so please be = restrained in its use. Some members were hitting the Canslim = Evaluator(http://www.cwhcharts.com/canslim) over 100 times a day so I = had to limit it to only 5 times per person per day. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Tuesday, August 06, 2002 11:12 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the = abyss. And if you pulled up today's SOD, there's a good chance you = almost fell out of your chair as I did. It lists the top 20 Up/Down = Volume leaders, to wit: This screen lists leading stocks in leading industries with an = up/down volume ratio of at least 1.0, which indicates buying volume has = exceeded selling volume in recent months. The ratio can be found daily = in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per = Share Rating Relative Price Strength Rating of at least 80, an Industry = Group Relative Strength Rating of at least "B-" and an SMR Rating of = "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, = and PG (that one made me fall out of my chair). On another note, I've been absent a few days from the list, and in = reviewing it, I noted someone saying that a particular chart looked = pretty good, but it had no handle yet. Then I noted in today's = Investor's Corner, it's not totally necessary to have a handle. After = thinking about this and reviewing a few "handle-less" charts. All I = could conclude is it's really a pattern that caters to good ol' IBD = hindsight, right? Buying as the stock breaks out past the left peak of = the handle (+ $.10) is risking that it's just setting up for a handle, = right? =20 Maybe we could name this new chart pattern "Cup with Craps" (as in = rolling the dice)! =20 Your roll.... Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Tuesday, August 06, 2002 4:14 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Rocky/Fanus: Can I jump in on this subject?=20 I have no background in the technology field and all of my chips = come out of a plastic bag, but more to the point I think the question is = where will new market leadership come from?=20 The other day when WON was interviewed by K&K, he suggested it may = come from the consumer group. My first reaction was negative. I can't = see Ladies handbags, blue jeans, and hot dogs leading the market out of = this mess. However, after talking to friends in the manufacturing = business, WON may be right. Most business leaders are in a state of = shell shock. They question the people that work for them, they question = the government that regulates them, and they are afraid of the = stockholders who pay them. With this kind of pressure who will be the = first the expand production or build that new plant. On the other hand = consumers really aren't that bad off no matter how much they complain. = Even with 6% unemployment, 94% have jobs, are buying new homes and new = cars and are even taking a vacation this year.=20 After thinking about it I have to agree that new leaders will come = from consumers. After all they represent 2/3rd of the economy. I don't = think this necessarily means retail merchants will be our leaders, it = may be technology products designed for consumers.=20 I think we will know before the end of the year. Charley=20 ------=_NextPart_000_0055_01C23DF0.C3FD54C0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Message
Well done Mike. Many = thanks.
 
Jon
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 06, 2002 = 8:15=20 PM
Subject: Cups with Craps was = RE:=20 [CANSLIM] Identifying NEW leaders

Here's a little tool that I offer to the = group that=20 will help mine for these situations, whatever their=20 merits.
 
My=20 CwH engine normally looks for charts that fit the standard CwH = criteria, but=20 an adaptation I've made of the engine will allow you to look for = stocks that=20 zoomed past the left side of the cup and formed a higher than usual = pivot,=20 even if only for 1 day.
 
Try=20 overriding the default parameters in the attached link with ,say, a = max pivot=20 of 120% (that means 20% above the left side cup rim) and a handle = length of 1=20 day.
 
http://www.cwhcharts.com/cs.php<= /A>
 
The=20 tool will only find stocks that have formed a pullback, even of only 1 = day, so=20 it can't find stocks that are not currently forming a handle (that is = 0 handle=20 days).
 
This is a freebie for the group in return for the immense = educational=20 value I get from being a member. It's only been tested within = normal CwH=20 ranges so I'm not sure how well it will perform under wild = assumptions. Let me=20 know if you find anything strange, if you find it useful, and what=20 improvements you'd like to see.
 
BTW, it does use extensive processing resources, so please be = restrained in its use. Some members were hitting the Canslim = Evaluator(http://www.cwhcharts.com/cansli= m)=20 over 100 times a day so I had to limit it to only 5 times per person = per=20 day.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Tuesday, August 06, 2002 11:12 = AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

WON did say = that=20 consumer groups might likely lead us out of the abyss.  And if = you=20 pulled up today's SOD, there's a good chance you almost fell out of = your=20 chair as I did.  It lists the top 20 Up/Down Volume leaders, to = wit:
 
This screen lists leading = stocks in=20 leading industries with an up/down volume ratio of at least 1.0, = which=20 indicates buying volume has exceeded selling volume in recent = months. The=20 ratio can be found daily in IBD's Stock Checkup for all stocks. = Stocks shown=20 have an Earnings Per Share Rating Relative Price Strength Rating of at = least 80, an=20 Industry Group Relative Strength Rating = of at least=20 "B-" and an SMR Rating of "A." All stocks are within = 20% of a=20 52-week high.
 
There are = three=20 consumer products companies therein:  BUD, DL, STZ, and PG = (that one=20 made me fall out of my chair).
 
On another = note, I've=20 been absent a few days from the list, and in reviewing it, I noted = someone=20 saying that a particular chart looked pretty good, but it had no = handle=20 yet.  Then I noted in today's Investor's Corner, it's not = totally=20 necessary to have a handle.  After thinking about this and = reviewing a=20 few "handle-less" charts.  All I could conclude is it's = really a=20 pattern that caters to good ol' IBD hindsight,=20 right?  Buying as the stock breaks out past the left = peak of=20 the handle (+ $.10) is risking that it's just setting up for a = handle,=20 right? 
 
Maybe we = could name=20 this new chart pattern "Cup with Craps" (as in rolling the = dice)! =20
 
Your=20 roll....
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Tuesday, = August 06,=20 2002 4:14 PM
To: = canslim@lists.xmission.com
Subject:=20 Re: [CANSLIM] Identifying NEW leaders

Rocky/Fanus: Can I jump in = on this=20 subject?
I have no background in the technology field and all = of my=20 chips come out of a plastic bag, but more to the point I think the = question is where will new market leadership come from?
The = other day=20 when WON was interviewed by K&K, he suggested it may come from = the=20 consumer group. My first reaction was negative. I can't see Ladies = handbags, blue jeans, and hot dogs leading the market out of this = mess.=20 However, after talking to friends in the manufacturing business, = WON may=20 be right. Most business leaders are in a state of shell shock. = They=20 question the people that work for them, they question the = government that=20 regulates them, and they are afraid of the stockholders who pay = them. With=20 this kind of pressure who will be the first the expand production = or build=20 that new plant. On the other hand consumers really aren't that bad = off no=20 matter how much they complain. Even with 6% unemployment, 94% have = jobs,=20 are buying new homes and new cars and are even taking a vacation = this=20 year.
After thinking about it I have to agree that new leaders = will=20 come from consumers. After all they represent 2/3rd of the = economy. I=20 don't think this necessarily means retail merchants will be our = leaders,=20 it may be technology products designed for consumers.
I think = we will=20 know before the end of the year.   Charley=20
------=_NextPart_000_0055_01C23DF0.C3FD54C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: Let's start a watch list. Formerly [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 09:19:53 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_001C_01C23DF3.9A407CE0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Chris: Let me see if I can address this. It's an issue that I brought up right after I joined the list. If you search the archives, you'll see how I posed the same question, was politely informed that's not the purpose of this list, whereupon weeks later I brought it up again, whereupon I became convinced: a) Each of us, while diehard CANSLIMers, really has our own way of interpreting various aspects of the concept; b) Some really don't want to open up their stash of prospects publicly; c) Logistically (who manages the list, what determines which stocks come on or off the list, etc.) it's not practical. My best advice is don't argue the points above (I'm speaking from experience). Rather, listen and learn herein, then, when you see something that's interesting to you, do what we used to do in the ad agency business with concepts: "Throw it in the corner and see if the roaches eat it!" In other words, post you idea herein. You'll get more comments than you thought possible, in most cases. One caveat rules: When you post a stock you're considering, tell us why you're considering it; how does it, in your opinion, qualify as a CANSLIM stock. (If you've been lurking lately, you've seen the angst that can be caused otherwise.) I've found stocks that in my opinion fit CANSLIM perfectly, only to be advised by members that there are flaws...handle too short, handle too long, handle drooping, no handle...I exaggerate, but you get the point. You'll be please with the results, I promise. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Vanchee1@aol.com Sent: Tuesday, August 06, 2002 11:36 PM Speaking of leaders, shouldn't we consider ourselves as leaders in the investors arena. As leaders, we might consider starting a stock watch list, where we can refine our best of the best stocks. This could benefit all within our group. Food for thought, Chris ------=_NextPart_000_001C_01C23DF3.9A407CE0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Chris:
 
Let me see if I = can address=20 this.  It's an issue that I brought up right after I joined the = list. =20
 
If you search = the archives,=20 you'll see how I posed the same question, was politely informed that's = not the=20 purpose of this list, whereupon weeks later I brought it up again, = whereupon I=20 became convinced:
 
a) Each of us, = while=20 diehard CANSLIMers, really has our own way of interpreting various = aspects of=20 the concept;
 
b) Some really = don't want=20 to open up their stash of prospects publicly;
 
c) Logistically = (who=20 manages the list, what determines which stocks come on or off the list, = etc.)=20 it's not practical.
 
My best advice = is don't=20 argue the points above (I'm speaking from experience).  Rather, = listen and=20 learn herein, then, when you see something that's interesting to you, do = what we=20 used to do in the ad agency business with concepts:  "Throw it = in the=20 corner and see if the roaches eat it!"  In other words, post you = idea=20 herein.  You'll get more comments than you thought possible, in = most=20 cases.
 
One caveat = rules: =20 When you post a stock you're considering, tell us why you're considering = it; how=20 does it, in your opinion, qualify as a CANSLIM stock.  (If you've = been=20 lurking lately, you've seen the angst that can be caused = otherwise.)  I've=20 found stocks that in my opinion fit CANSLIM perfectly, only to be = advised=20 by members that there are flaws...handle too short, handle too long, = handle=20 drooping, no handle...I exaggerate, but you get the point. =20
 
You'll be = please with the=20 results, I promise.
 
Duke
 
 
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Vanchee1@aol.com
Sent: Tuesday, August = 06, 2002=20 11:36 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Identifying NEW leaders

Speaking of leaders, shouldn't we consider = ourselves as=20 leaders in the investors arena. As leaders, we might consider starting = a stock=20 watch list, where we can refine our best of the best stocks. This = could=20 benefit all within our group.

Food for thought,  = Chris=20
------=_NextPart_000_001C_01C23DF3.9A407CE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Sam Bench" Subject: [CANSLIM] Mutual Fund Question Date: 07 Aug 2002 09:21:39 -0400 I have a question that is a bit off topic but I'll bet someone on this message board will have insight into my question. I'm interesting in "trading" mutual funds. I would like to find a fund family that would allow me to switch between funds once or twice a week without penalty or excessive cost. I want to be able to move between funds in various sectors and world markets. Does anyone know of a good fund family choice to be able to implement this strategy? _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Mutual Fund Question Date: 07 Aug 2002 09:25:59 EDT --part1_14a.12088333.2a8279e7_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Sam: This may or may not fit your needs. FOLIOfn: Frequently Asked Questions Charley --part1_14a.12088333.2a8279e7_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Sam: This may or may not fit your needs. FOLIOfn: Frequently Asked Questions

Charley --part1_14a.12088333.2a8279e7_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: Let's start a watch list. Formerly [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 09:28:14 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00B5_01C23DF4.C160B410 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageWell said, Duke, and far more diplomatically than I could have. I = totally agree, excellent summary. ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 9:19 AM NEW leaders Chris: Let me see if I can address this. It's an issue that I brought up right = after I joined the list. =20 If you search the archives, you'll see how I posed the same question, = was politely informed that's not the purpose of this list, whereupon = weeks later I brought it up again, whereupon I became convinced: a) Each of us, while diehard CANSLIMers, really has our own way of = interpreting various aspects of the concept; b) Some really don't want to open up their stash of prospects publicly; c) Logistically (who manages the list, what determines which stocks come = on or off the list, etc.) it's not practical. My best advice is don't argue the points above (I'm speaking from = experience). Rather, listen and learn herein, then, when you see = something that's interesting to you, do what we used to do in the ad = agency business with concepts: "Throw it in the corner and see if the = roaches eat it!" In other words, post you idea herein. You'll get more = comments than you thought possible, in most cases. One caveat rules: When you post a stock you're considering, tell us why = you're considering it; how does it, in your opinion, qualify as a = CANSLIM stock. (If you've been lurking lately, you've seen the angst = that can be caused otherwise.) I've found stocks that in my opinion fit = CANSLIM perfectly, only to be advised by members that there are = flaws...handle too short, handle too long, handle drooping, no = handle...I exaggerate, but you get the point. =20 You'll be please with the results, I promise. Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Vanchee1@aol.com Sent: Tuesday, August 06, 2002 11:36 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Speaking of leaders, shouldn't we consider ourselves as leaders in the = investors arena. As leaders, we might consider starting a stock watch = list, where we can refine our best of the best stocks. This could = benefit all within our group.=20 Food for thought, Chris=20 ------=_NextPart_000_00B5_01C23DF4.C160B410 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Well said, Duke, and far more diplomatically = than I could=20 have. I totally agree, excellent summary.
 
----- Original Message -----=20
From: Duke=20 Miller
Sent: Wednesday, August 07, 2002 9:19 AM
Subject: RE: Let's start a watch list. Formerly [CANSLIM]=20 Identifying NEW leaders

Chris:
 
Let me see if I = can address=20 this.  It's an issue that I brought up right after I joined the = list. =20
 
If you search = the archives,=20 you'll see how I posed the same question, was politely informed that's = not the=20 purpose of this list, whereupon weeks later I brought it up again, = whereupon I=20 became convinced:
 
a) Each of us, = while=20 diehard CANSLIMers, really has our own way of interpreting various = aspects of=20 the concept;
 
b) Some really = don't want=20 to open up their stash of prospects publicly;
 
c) Logistically = (who=20 manages the list, what determines which stocks come on or off the list, = etc.)=20 it's not practical.
 
My best advice = is don't=20 argue the points above (I'm speaking from experience).  Rather, = listen and=20 learn herein, then, when you see something that's interesting to you, do = what we=20 used to do in the ad agency business with concepts:  "Throw it = in the=20 corner and see if the roaches eat it!"  In other words, post you = idea=20 herein.  You'll get more comments than you thought possible, in = most=20 cases.
 
One caveat = rules: =20 When you post a stock you're considering, tell us why you're considering = it; how=20 does it, in your opinion, qualify as a CANSLIM stock.  (If you've = been=20 lurking lately, you've seen the angst that can be caused = otherwise.)  I've=20 found stocks that in my opinion fit CANSLIM perfectly, only to be = advised=20 by members that there are flaws...handle too short, handle too long, = handle=20 drooping, no handle...I exaggerate, but you get the point. =20
 
You'll be = please with the=20 results, I promise.
 
Duke
 
 
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Vanchee1@aol.com
Sent: Tuesday, August = 06, 2002=20 11:36 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Identifying NEW leaders

Speaking of leaders, shouldn't we consider = ourselves as=20 leaders in the investors arena. As leaders, we might consider starting = a stock=20 watch list, where we can refine our best of the best stocks. This = could=20 benefit all within our group.

Food for thought,  = Chris=20
------=_NextPart_000_00B5_01C23DF4.C160B410-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Mutual Fund Question Date: 07 Aug 2002 07:34:03 -0600 Rydex funds and Profunds are both geared to active fund traders -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Sam Bench Sent: Wednesday, August 07, 2002 7:22 AM I have a question that is a bit off topic but I'll bet someone on this message board will have insight into my question. I'm interesting in "trading" mutual funds. I would like to find a fund family that would allow me to switch between funds once or twice a week without penalty or excessive cost. I want to be able to move between funds in various sectors and world markets. Does anyone know of a good fund family choice to be able to implement this strategy? _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 07:43:20 -0600 As Duke said, people have varying opinions on this one. If I find stuff, I throw stock names out as ideas for people to do further research on, but for many months now I have not found many stocks I have thought looked very good, and more importantly the market has been so poor I don't think its worth while getting in there. On 6 Aug 2002 at 23:53, zillagirl wrote: > AOL or MSFT. Maybe like every Friday everyone could put up their two or > three best picks. The more advanced could analysis it and the less advanced > could learn from it. Any thoughts from anyone else??? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: Let's start a watch list. Formerly [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 06:51:18 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_001D_01C23DDE.D52E2380 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageI had a feeling that it was to good to be true or it would = already be happening-doesn't hurt to ask though. Thanks to the people = who do post watch lists occasionally. They do help the newcomer. ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 6:28 AM Subject: Re: Let's start a watch list. Formerly [CANSLIM] Identifying = NEW leaders Well said, Duke, and far more diplomatically than I could have. I = totally agree, excellent summary. ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 9:19 AM Subject: RE: Let's start a watch list. Formerly [CANSLIM] Identifying = NEW leaders Chris: Let me see if I can address this. It's an issue that I brought up = right after I joined the list. =20 If you search the archives, you'll see how I posed the same question, = was politely informed that's not the purpose of this list, whereupon = weeks later I brought it up again, whereupon I became convinced: a) Each of us, while diehard CANSLIMers, really has our own way of = interpreting various aspects of the concept; b) Some really don't want to open up their stash of prospects = publicly; c) Logistically (who manages the list, what determines which stocks = come on or off the list, etc.) it's not practical. My best advice is don't argue the points above (I'm speaking from = experience). Rather, listen and learn herein, then, when you see = something that's interesting to you, do what we used to do in the ad = agency business with concepts: "Throw it in the corner and see if the = roaches eat it!" In other words, post you idea herein. You'll get more = comments than you thought possible, in most cases. One caveat rules: When you post a stock you're considering, tell us = why you're considering it; how does it, in your opinion, qualify as a = CANSLIM stock. (If you've been lurking lately, you've seen the angst = that can be caused otherwise.) I've found stocks that in my opinion fit = CANSLIM perfectly, only to be advised by members that there are = flaws...handle too short, handle too long, handle drooping, no = handle...I exaggerate, but you get the point. =20 You'll be please with the results, I promise. Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Vanchee1@aol.com Sent: Tuesday, August 06, 2002 11:36 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Speaking of leaders, shouldn't we consider ourselves as leaders in = the investors arena. As leaders, we might consider starting a stock = watch list, where we can refine our best of the best stocks. This could = benefit all within our group.=20 Food for thought, Chris ------=_NextPart_000_001D_01C23DDE.D52E2380 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
I had a feeling that it was to good to = be true or=20 it would already be happening-doesn't hurt to ask though.  Thanks = to the=20 people who do post watch lists occasionally.  They do help the=20 newcomer.
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, August 07, = 2002 6:28=20 AM
Subject: Re: Let's start a = watch list.=20 Formerly [CANSLIM] Identifying NEW leaders

Well said, Duke, and far more diplomatically = than I=20 could have. I totally agree, excellent summary.
 
----- Original Message -----=20
From: Duke=20 Miller
Sent: Wednesday, August 07, 2002 9:19 AM
Subject: RE: Let's start a watch list. Formerly [CANSLIM]=20 Identifying NEW leaders

Chris:
 
Let me see if = I can=20 address this.  It's an issue that I brought up right after I = joined the=20 list. 
 
If you search = the=20 archives, you'll see how I posed the same question, was politely = informed=20 that's not the purpose of this list, whereupon weeks later I brought = it up=20 again, whereupon I became convinced:
 
a) Each of = us, while=20 diehard CANSLIMers, really has our own way of interpreting various = aspects of=20 the concept;
 
b) Some = really don't want=20 to open up their stash of prospects publicly;
 
c) = Logistically (who=20 manages the list, what determines which stocks come on or off the = list, etc.)=20 it's not practical.
 
My best = advice is don't=20 argue the points above (I'm speaking from experience).  Rather, = listen=20 and learn herein, then, when you see something that's interesting to = you, do=20 what we used to do in the ad agency business with concepts: =20 "Throw it in the corner and see if the roaches eat it!"  In = other=20 words, post you idea herein.  You'll get more comments than you = thought=20 possible, in most cases.
 
One caveat = rules: =20 When you post a stock you're considering, tell us why you're = considering it;=20 how does it, in your opinion, qualify as a CANSLIM stock.  (If = you've=20 been lurking lately, you've seen the angst that can be caused=20 otherwise.)  I've found stocks that in my opinion fit = CANSLIM=20 perfectly, only to be advised by members that there are flaws...handle = too=20 short, handle too long, handle drooping, no handle...I exaggerate, but = you get=20 the point. 
 
You'll be = please with the=20 results, I promise.
 
Duke
 
 
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Vanchee1@aol.com
Sent: Tuesday, August = 06,=20 2002 11:36 PM
To: = canslim@lists.xmission.com
Subject:=20 Re: [CANSLIM] Identifying NEW leaders

Speaking of leaders, shouldn't we consider = ourselves as=20 leaders in the investors arena. As leaders, we might consider = starting a=20 stock watch list, where we can refine our best of the best stocks. = This=20 could benefit all within our group.

Food for thought, =20 Chris
------=_NextPart_000_001D_01C23DDE.D52E2380-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 09:01:28 -0500 Mike, I tried the new link with the default values, and came up with zero stocks....guess that says a LOT about M....what, if any changes to the defaults do you recommend to at least get a couple of prospects? Keep up the great work Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Mike Gibbons" cc: Sent by: Subject: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders owner-canslim@lists.xm ission.com 08/06/2002 07:15 PM Please respond to canslim Here's a little tool that I offer to the group that will help mine for these situations, whatever their merits. My CwH engine normally looks for charts that fit the standard CwH criteria, but an adaptation I've made of the engine will allow you to look for stocks that zoomed past the left side of the cup and formed a higher than usual pivot, even if only for 1 day. Try overriding the default parameters in the attached link with ,say, a max pivot of 120% (that means 20% above the left side cup rim) and a handle length of 1 day. http://www.cwhcharts.com/cs.php The tool will only find stocks that have formed a pullback, even of only 1 day, so it can't find stocks that are not currently forming a handle (that is 0 handle days). This is a freebie for the group in return for the immense educational value I get from being a member. It's only been tested within normal CwH ranges so I'm not sure how well it will perform under wild assumptions. Let me know if you find anything strange, if you find it useful, and what improvements you'd like to see. BTW, it does use extensive processing resources, so please be restrained in its use. Some members were hitting the Canslim Evaluator( http://www.cwhcharts.com/canslim) over 100 times a day so I had to limit it to only 5 times per person per day. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Tuesday, August 06, 2002 11:12 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the abyss. And if you pulled up today's SOD, there's a good chance you almost fell out of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which indicates buying volume has exceeded selling volume in recent months. The ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80, an Industry Group Relative Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, and PG (that one made me fall out of my chair). On another note, I've been absent a few days from the list, and in reviewing it, I noted someone saying that a particular chart looked pretty good, but it had no handle yet. Then I noted in today's Investor's Corner, it's not totally necessary to have a handle. After thinking about this and reviewing a few "handle-less" charts. All I could conclude is it's really a pattern that caters to good ol' IBD hindsight, right? Buying as the stock breaks out past the left peak of the handle (+ $.10) is risking that it's just setting up for a handle, right? Maybe we could name this new chart pattern "Cup with Craps" (as in rolling the dice)! Your roll.... Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Tuesday, August 06, 2002 4:14 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Rocky/Fanus: Can I jump in on this subject? I have no background in the technology field and all of my chips come out of a plastic bag, but more to the point I think the question is where will new market leadership come from? The other day when WON was interviewed by K&K, he suggested it may come from the consumer group. My first reaction was negative. I can't see Ladies handbags, blue jeans, and hot dogs leading the market out of this mess. However, after talking to friends in the manufacturing business, WON may be right. Most business leaders are in a state of shell shock. They question the people that work for them, they question the government that regulates them, and they are afraid of the stockholders who pay them. With this kind of pressure who will be the first the expand production or build that new plant. On the other hand consumers really aren't that bad off no matter how much they complain. Even with 6% unemployment, 94% have jobs, are buying new homes and new cars and are even taking a vacation this year. After thinking about it I have to agree that new leaders will come from consumers. After all they represent 2/3rd of the economy. I don't think this necessarily means retail merchants will be our leaders, it may be technology products designed for consumers. I think we will know before the end of the year. Charley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 10:25:55 -0400 I have been going through HTMMIS and compiling notes from Investors'Corner, ibd &A, etc., and have a question about the cup-without-handle formation--especially because more of these may be formed in this M. Q: How do you know when you should wait for the handle to form? If you wait too long, you might miss the breakout? Does it have to do with volume? In my notes (sorry: don't know from where), it says that with a cup-w/o-handle, the volume should dry up when the price comes to within 5-10% of its old high (R-side). And, with the cup-WITH-handle, don't we want the volume strong on the R-side as the price picks up? Yet on page 161 of HTMMIS (3rd ed.), on the chart for Fairchild, the volume is strong on the R-side of the cup near the rim. Q: WON (HTMMIS) talks about wanting tightness in price closes at the bottom of cup with strong volume, R-side, in handle. What is the difference between this and churning? Isn't churning strong volume with little or no price increases? Is the difference that churning happens after a strong uptrend (signaling topping), and tightness of closes happens during basing? Thank you ahead of time for clarifications anyone can give. Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 11:54:52 EDT --part1_e.2321afe7.2a829ccc_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You will probably get several responses to your question but let me give it a try. The left side of the cup forms when the upward price pressure hits a point of resistance; that is to say the sellers begin to out number the buyers. The stock price falls, and may continue to fall, or move sideways, for many months. At some point the buyers once again find the stock price attractive and begin buying. Volume increases as the price rises. As the price increases it crosses an important mid point that is half the distance between the left side lip and the current low. (If the price does not cross the mid point you cannot have a c/h formation.) As the price approaches the height of the left side lip, it will once again hit a level of resistance and begin to fall. The sellers once again outnumber the buyers. This time however the volume is low and begins to dry up. This tells us that the sellers are just about finished but the buyers are lurking in the background waiting to pounce. On the chart this appears as a downward turning line we call the handle. After a week or two the buyers begin to come back in and the price heads north. Now we see a strong increase in volume and we wait for our buy signal. When the price exceeds the lip formed by the right side of the cup by .10, it is safe to buy. It continues to be a safe buy until the price exceeds this pivot point by 5%. I hope this helps. Be sure to refer to the new tool Mike has made available to us since it clearly describes each part of the cup/handle on the diagram. Charley --part1_e.2321afe7.2a829ccc_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You will probably get several responses to your question but let me give it a try.

The left side of the cup forms when the upward price pressure hits a point of resistance; that is to say the sellers begin to out number the buyers. The stock price falls, and may continue to fall, or move sideways, for many months. At some point the buyers once again find the stock price attractive and begin buying. Volume increases as the price rises. As the price increases it crosses an important mid point that is half the distance between the left side lip and the current low. (If the price does not cross the mid point you cannot have a c/h formation.) As the price approaches the height of the left side lip, it will once again hit a level of resistance and begin to fall. The sellers once again outnumber the buyers. This time however the volume is low and begins to dry up. This tells us that the sellers are just about finished but the buyers are lurking in the background waiting to pounce. On the chart this appears as a downward turning line we call the handle. After a week or two the buyers begin to come back in and the price heads north. Now we see a strong increase in volume and we wait for our buy signal. When the price exceeds the lip formed by the right side of the cup by .10, it is safe to buy. It continues to be a safe buy until the price exceeds this pivot point by 5%.

I hope this helps. Be sure to refer to the new tool Mike has made available to us since it clearly describes each part of the cup/handle on the diagram. Charley --part1_e.2321afe7.2a829ccc_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] BLUD -- LLUR candidate? Date: 07 Aug 2002 10:00:27 -0600 Whatcha think of BLUD? Seems to be almost immune (bad pun on the co. name) to the downdrafts in the M market. Of course, little things -- like a -41% ROE, a LT debt/equity ratio 450+% higher than the rest of its industry -- might make some people queasy. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Vanchee1@aol.com Subject: Re: Let's start a watch list. Formerly [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 12:13:50 EDT --part1_6f.2bb04138.2a82a13e_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Duke, sounds like the best way to go with this group. Thanks Chris. --part1_6f.2bb04138.2a82a13e_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Duke, sounds like the best way to go with this group.

Thanks Chris. --part1_6f.2bb04138.2a82a13e_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 12:14:46 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_003A_01C23E0C.053CDE40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charley, Maybe I didn't form my question right. How do I know, as the cup forms = its right side and approaches the previous high, whether it's going to = be a cup with a handle or without a handle? What if I am waiting for a = handle to form, but it doesn't form and goes straight to breaking out? = Then it has formed a cup-without-handle, but I have missed the breakout. = Or do you just have to be there at the time it is breaking out or catch = it within 5%? Or I might think that a stock is forming a cup-without-handle, buy it, = and then find out that it still has to form a handle. Am I missing something? Thanks for your response, though. Ann ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:54 AM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Ann: You will probably get several responses to your question but let = me give it a try.=20 The left side of the cup forms when the upward price pressure hits a = point of resistance; that is to say the sellers begin to out number the = buyers. The stock price falls, and may continue to fall, or move = sideways, for many months. At some point the buyers once again find the = stock price attractive and begin buying. Volume increases as the price = rises. As the price increases it crosses an important mid point that is = half the distance between the left side lip and the current low. (If the = price does not cross the mid point you cannot have a c/h formation.) As = the price approaches the height of the left side lip, it will once again = hit a level of resistance and begin to fall. The sellers once again = outnumber the buyers. This time however the volume is low and begins to = dry up. This tells us that the sellers are just about finished but the = buyers are lurking in the background waiting to pounce. On the chart = this appears as a downward turning line we call the handle. After a week = or two the buyers begin to come back in and the price heads north. Now = we see a strong increase in volume and we wait for our buy signal. When = the price exceeds the lip formed by the right side of the cup by .10, it = is safe to buy. It continues to be a safe buy until the price exceeds = this pivot point by 5%.=20 I hope this helps. Be sure to refer to the new tool Mike has made = available to us since it clearly describes each part of the cup/handle = on the diagram. Charley=20 ------=_NextPart_000_003A_01C23E0C.053CDE40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charley,
 
Maybe I didn't form my question right. How do I = know, as the=20 cup forms its right side and approaches the previous high, whether=20 it's going to be a cup with a handle or without a handle? What = if I am=20 waiting for a handle to form, but it doesn't form and goes straight to = breaking=20 out? Then it has formed a cup-without-handle, but I have missed the = breakout. Or=20 do you just have to be there at the time it is breaking out or catch it = within=20 5%?
 
Or I might think that a stock is forming a = cup-without-handle,=20 buy it, and then find out that it still has to form a = handle.
 
Am I missing something?
 
Thanks for your response, though.
Ann
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Wednesday, August 07, = 2002 11:54=20 AM
Subject: Re: [CANSLIM]=20 cup-without-handle; "tightness" questions

Ann: You = will probably=20 get several responses to your question but let me give it a try. =

The=20 left side of the cup forms when the upward price pressure hits a point = of=20 resistance; that is to say the sellers begin to out number the buyers. = The=20 stock price falls, and may continue to fall, or move sideways, for = many=20 months. At some point the buyers once again find the stock price = attractive=20 and begin buying. Volume increases as the price rises. As the price = increases=20 it crosses an important mid point that is half the distance between = the left=20 side lip and the current low. (If the price does not cross the mid = point you=20 cannot have a c/h formation.) As the price approaches the height of = the left=20 side lip, it will once again hit a level of resistance and begin to = fall. The=20 sellers once again outnumber the buyers. This time however the volume = is low=20 and begins to dry up. This tells us that the sellers are just about = finished=20 but the buyers are lurking in the background waiting to pounce. On the = chart=20 this appears as a downward turning line we call the handle. After a = week or=20 two the buyers begin to come back in and the price heads north. Now we = see a=20 strong increase in volume and we wait for our buy signal. When the = price=20 exceeds the lip formed by the right side of the cup by .10, it is safe = to buy.=20 It continues to be a safe buy until the price exceeds this pivot point = by 5%.=20

I hope this helps. Be sure to refer to the new tool Mike has = made=20 available to us since it clearly describes each part of the cup/handle = on the=20 diagram. Charley
------=_NextPart_000_003A_01C23E0C.053CDE40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 11:25:33 -0500 Ann, I think I understand the question, but am not sure if there is an answer. I know on Mike Gibbon's site, the defaults allow for the RH side to go up to 105% of the LH edge, so it is possible that you would not form a handle until going over the high price from the LH side. My guess would be that volume action would provide the best clue, so that if you see a rise and it is accompanied by a 50% or greater surge in volume, it could be a breakout. My 2 cents worth, Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ann To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions ission.com 08/07/2002 11:14 AM Please respond to canslim Charley, Maybe I didn't form my question right. How do I know, as the cup forms its right side and approaches the previous high, whether it's going to be a cup with a handle or without a handle? What if I am waiting for a handle to form, but it doesn't form and goes straight to breaking out? Then it has formed a cup-without-handle, but I have missed the breakout. Or do you just have to be there at the time it is breaking out or catch it within 5%? Or I might think that a stock is forming a cup-without-handle, buy it, and then find out that it still has to form a handle. Am I missing something? Thanks for your response, though. Ann ----- Original Message ----- From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 11:54 AM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Ann: You will probably get several responses to your question but let me give it a try. The left side of the cup forms when the upward price pressure hits a point of resistance; that is to say the sellers begin to out number the buyers. The stock price falls, and may continue to fall, or move sideways, for many months. At some point the buyers once again find the stock price attractive and begin buying. Volume increases as the price rises. As the price increases it crosses an important mid point that is half the distance between the left side lip and the current low. (If the price does not cross the mid point you cannot have a c/h formation.) As the price approaches the height of the left side lip, it will once again hit a level of resistance and begin to fall. The sellers once again outnumber the buyers. This time however the volume is low and begins to dry up. This tells us that the sellers are just about finished but the buyers are lurking in the background waiting to pounce. On the chart this appears as a downward turning line we call the handle. After a week or two the buyers begin to come back in and the price heads north. Now we see a strong increase in volume and we wait for our buy signal. When the price exceeds the lip formed by the right side of the cup by .10, it is safe to buy. It continues to be a safe buy until the price exceeds this pivot point by 5%. I hope this helps. Be sure to refer to the new tool Mike has made available to us since it clearly describes each part of the cup/handle on the diagram. Charley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 10:30:43 -0600 I don't know this for sure, but I think you might be referring to an article where the IBD pulled out an example of a stock that blasted off from a cup pattern without first forming a handle and said that not all stocks form a handle. This is the sort of thing that IBD does that I find a little questionable ( and Duke has been good at pointing this stuff out), and that is to do an after the fact analysis and justify it on shaky grounds. If a stock spiked up from a cup with no handle and then failed, I could easily see IBD saying -see, no handle, this is the sort of thing you have to watch out for, this stock should not have been bought. So I think the easy answer is that if it doesn't form a handle and takes off, let it go, wiat for the next one, you don't have to catch everything, look for the sounder pattern. On 7 Aug 2002 at 12:14, Ann wrote: > Maybe I didn't form my question right. How do I know, as the cup forms its > right side and approaches the previous high, whether it's going to be a cup > with a handle or without a handle? What if I am waiting for a handle to > form, but it doesn't form and goes straight to breaking out? Then it has > formed a cup-without-handle, but I have missed the breakout. Or do you just > have to be there at the time it is breaking out or catch it within 5%? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 11:33:26 -0500 Hi Ann.... Thought I'd cherry pick one of your questions...i.e., "churning" Strangely enough, I recently found that the calculations I was using to identify "churning" on my watchlist were leading me astray. I was using a simple mathematical test to alert me to churning in the context of "subtle distribution at the top" so was testing for price/volume action near the 52 wk highs. Problem is, a handle can form near the 52 wk highs, so in that context, a little "churning" so to speak may not be bad. Long story short, churning/stalling is in reference to action *after* a stock or index has been rising, nears its highs, then starts acting odd. That is, large volume is no longer accompanied by significant upward price movement. In that sense, it is subtle distribution and is a sign that the stock may be topping and/or beginning a consolidating period. When a stock has already formed an area of consolidation and is then forming a handle, the same price/volume action may be nothing at all. While you'd prefer to see "drifting down" action on each and every day in the handle, it seems that it's not all that uncommon to see some days where there is quite a bit of volume, but no upward price movement. In a lengthier handle, I don't see this as an issue. If I were to see too many of these days in succession, however, I might worry about the health of the handle and the base. Katherine ----- Original Message ----- Sent: Wednesday, August 07, 2002 9:25 AM > I have been going through HTMMIS and compiling notes from Investors'Corner, > ibd &A, etc., and have a question about the cup-without-handle > formation--especially because more of these may be formed in this M. > > Q: How do you know when you should wait for the handle to form? If you wait > too long, you might miss the breakout? > > Does it have to do with volume? > > In my notes (sorry: don't know from where), it says that with a > cup-w/o-handle, the volume should dry up when the price comes to within > 5-10% of its old high (R-side). And, with the cup-WITH-handle, don't we want > the volume strong on the R-side as the price picks up? > > Yet on page 161 of HTMMIS (3rd ed.), on the chart for Fairchild, the volume > is strong on the R-side of the cup near the rim. > > Q: WON (HTMMIS) talks about wanting tightness in price closes at the bottom > of cup with strong volume, R-side, in handle. What is the difference between > this and churning? Isn't churning strong volume with little or no price > increases? Is the difference that churning happens after a strong uptrend > (signaling topping), and tightness of closes happens during basing? > > Thank you ahead of time for clarifications anyone can give. > > Ann > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 09:40:53 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_000A_01C23DF6.85A92860 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable That was a great description charley-can you explain the double bottom = and triple bottom in that kind of language for us newer ones? ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 8:54 AM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Ann: You will probably get several responses to your question but let = me give it a try.=20 The left side of the cup forms when the upward price pressure hits a = point of resistance; that is to say the sellers begin to out number the = buyers. The stock price falls, and may continue to fall, or move = sideways, for many months. At some point the buyers once again find the = stock price attractive and begin buying. Volume increases as the price = rises. As the price increases it crosses an important mid point that is = half the distance between the left side lip and the current low. (If the = price does not cross the mid point you cannot have a c/h formation.) As = the price approaches the height of the left side lip, it will once again = hit a level of resistance and begin to fall. The sellers once again = outnumber the buyers. This time however the volume is low and begins to = dry up. This tells us that the sellers are just about finished but the = buyers are lurking in the background waiting to pounce. On the chart = this appears as a downward turning line we call the handle. After a week = or two the buyers begin to come back in and the price heads north. Now = we see a strong increase in volume and we wait for our buy signal. When = the price exceeds the lip formed by the right side of the cup by .10, it = is safe to buy. It continues to be a safe buy until the price exceeds = this pivot point by 5%.=20 I hope this helps. Be sure to refer to the new tool Mike has made = available to us since it clearly describes each part of the cup/handle = on the diagram. Charley ------=_NextPart_000_000A_01C23DF6.85A92860 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
That was a great description = charley-can you=20 explain the double bottom and triple bottom in that kind of = language for us=20 newer ones?
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Wednesday, August 07, = 2002 8:54=20 AM
Subject: Re: [CANSLIM]=20 cup-without-handle; "tightness" questions

Ann: You = will probably=20 get several responses to your question but let me give it a try. =

The=20 left side of the cup forms when the upward price pressure hits a point = of=20 resistance; that is to say the sellers begin to out number the buyers. = The=20 stock price falls, and may continue to fall, or move sideways, for = many=20 months. At some point the buyers once again find the stock price = attractive=20 and begin buying. Volume increases as the price rises. As the price = increases=20 it crosses an important mid point that is half the distance between = the left=20 side lip and the current low. (If the price does not cross the mid = point you=20 cannot have a c/h formation.) As the price approaches the height of = the left=20 side lip, it will once again hit a level of resistance and begin to = fall. The=20 sellers once again outnumber the buyers. This time however the volume = is low=20 and begins to dry up. This tells us that the sellers are just about = finished=20 but the buyers are lurking in the background waiting to pounce. On the = chart=20 this appears as a downward turning line we call the handle. After a = week or=20 two the buyers begin to come back in and the price heads north. Now we = see a=20 strong increase in volume and we wait for our buy signal. When the = price=20 exceeds the lip formed by the right side of the cup by .10, it is safe = to buy.=20 It continues to be a safe buy until the price exceeds this pivot point = by 5%.=20

I hope this helps. Be sure to refer to the new tool Mike has = made=20 available to us since it clearly describes each part of the cup/handle = on the=20 diagram. Charley
------=_NextPart_000_000A_01C23DF6.85A92860-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 12:23:51 EDT --part1_fb.2a5cc26f.2a82a397_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: If you subscribe to IBD or can get you hands on the August 6 (Tuesday) copy, Investors Corner describes the cup without the handle. In a nut shell, instead of hitting resistance when the price equals the left lip, volume continues to push the price higher without a break. There is no way of knowing before hand other than watching charts closely. Very tricky. Charley --part1_fb.2a5cc26f.2a82a397_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: If you subscribe to IBD or can get you hands on the August 6 (Tuesday) copy, Investors Corner describes the cup without the handle.
In a nut shell, instead of hitting resistance when the price equals the left lip, volume continues to push the price higher without a break. There is no way of knowing before hand other than watching charts closely. Very tricky.  Charley --part1_fb.2a5cc26f.2a82a397_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: David Thompson Subject: Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 09:38:19 -0700 Mike I ran your cup and handle screener and it said it came up with 2 stocks. However it didn't display them. Do we have to subscribe to get that info? David - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] cup w/o handle, churning Date: 07 Aug 2002 12:49:18 -0400 Thanks, Charley, Mike, Patrick, Nancy, Katherine, This is such a great list. It's amazing to be able to post questions and get all these prompt and helpful replies. Thank you, all. My questions arose, when I was looking at the charts in Chapter 13 of HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the charts point out "strong up weeks on big volume" on the R-side of the cup, but I had in my notes (possibly from Investors' Corner, as I think Charley suggests) that the volume should dry up on the R-side of a Cup-without-Handle. But, as I look over all the charts (and these are charts that WON picked because the stocks flew after breakout), no one chart has ALL the characteristics you should look for. For example, in the CSCO chart (p. 158), the RS line was not at an all-time high before the stock took off in '95. I guess the moral of the story is that you have to take a preponderance of indicators, and not just get stuck over one of them missing. (But then, that "one" could later prove to be your downfall!! Alas!). Thanks again, Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] Expensing Stock Options Date: 07 Aug 2002 09:51:29 -0700 I'm interested in this topic, Tom, but getting this message: "This article has been removed at the request of the news provider, Dow Jones Business News." Wonder why they pulled it? Tom Worley wrote: > Nice summary report of companies that have made any announcements on this > topic recently > > http://biz.yahoo.com/djus/020807/200208070815000375_1.html > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 07:44:04 -1000 Hi David, There is a final check before the list of stocks is displayed, which is that the stock must have a positive Chart Quality (CQ). Chart Quality is a proprietary metric but is defined here, http://www.cwhcharts.com/help.html along with other parameters shown in the list of stocks. I'll change the output to explain that negative CQ stocks are excluded and link to the help file. The two stocks that were found were not shown because they had a negative CQ value. Run it again with diferrent parameters, such as a shorter handle, more handle droop, higher min pivot value, etc. Also, in response to Michael Niemotka, yes it reflects that no stocks meet WON's citeria for a CwH, but change the parameters and you'll find some stocks. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Thompson Sent: Wednesday, August 07, 2002 6:38 AM Mike I ran your cup and handle screener and it said it came up with 2 stocks. However it didn't display them. Do we have to subscribe to get that info? David - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 11:13:38 -0700 These look interesting Katherine. It's hard to get excited about cosmetics and weight loss products but with the high GRS rating, they've obviously been doing well. I see they all have strong EPS estimates for this FY. CHTT looks the strongest in cash flow and ROE and I favor smaller companies anyway so I'd lean toward this one. The chart is pretty wide and lose, so not classic CANSLIM. Do you have any idea what their 389% debt to equity ratio is all about? -Harvey Katherine Malm wrote: > Here's another view of "consumer" stocks--take a look at stocks like > NBTY, WTW, CHTT, all of which have pros/cons, but nonetheless > something unexpected. Who would've thought that HD might've done so > well simply by consolidating a fragmented industry and redefining > "home improvement"? Sometimes it's the unexpected which does the best > while everybody else is looking to the obvious. Katherine > > ----- Original Message ----- > From: Duke Miller > To: canslim@lists.xmission.com > Sent: Tuesday, August 06, 2002 9:34 PM > Subject: RE: [CANSLIM] Identifying NEW leaders > I think this was basically WON's point in the K&C > Interview. He concluded that without tax incentives for new > businesses, a new leading group may be a long way off. > However, since my bride's 401K is primarily made up of P&G > stock, I'm happy to see them showing the remaining > industries their backside!As for the beer, I'm doing my > part!Duke > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On > Behalf Of Tom Worley > Sent: Tuesday, August 06, 2002 8:50 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Identifying NEW leaders > > I will wade into this topic just a little. I have > never found consumer groups to be sustainable > leaders. They are defensive, and some are less > cyclical than others (we got to eat, smoke, drink, > take baths, do laundry, etc after all, at least I > hope so!!). I have seen the Financials provide a > strong secondary leadership at times, even lasting > months, but that is also not a sector I fully > trust as true leaders to turn this "M" around. I > think the key will remain whatever group can > demonstrate sustained revenue and earnings growth > that puts the rest of the groups / sectors to > shame. So far, none are showing that to me. > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.comSent: Tuesday, > August 06, 2002 7:46 PMSubject: Re: [CANSLIM] > Identifying NEW leaders > If we have to look toward beer and soap to lead > the market, it won't be pretty..... Jon > > ----- Original Message ----- > From: Duke Miller > To: canslim@lists.xmission.com > Sent: Tuesday, August 06, 2002 5:12 PM > Subject: RE: [CANSLIM] Identifying NEW > leaders > WON did say that consumer groups might > likely lead us out of the abyss. And if > you pulled up today's SOD, there's a > good chance you almost fell out of your > chair as I did. It lists the top 20 > Up/Down Volume leaders, to wit:This > screen lists leading stocks in leading > industries with an up/down volume ratio > of at least 1.0, which indicates buying > volume has exceeded selling volume in > recent months. The ratio can be found > daily in IBD's Stock Checkup for all > stocks. Stocks shown have an Earnings > Per Share Rating Relative Price Strength > Rating of at least 80, an Industry Group > Relative Strength Rating of at least > "B-" and an SMR Rating of "A." All > stocks are within 20% of a 52-week > high.There are three consumer products > companies therein: BUD, DL, STZ, and PG > (that one made me fall out of my > chair). > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 08:22:49 -1000 A minor correction to Mike's observation - I believe WON says that a stock can rise to 103% of the left cup rim before forming a handle, and that's the default value I use. My interpretation of WON's rules for a CwH is here http://www.cwhcharts.com/WON_cwh.htm. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Wednesday, August 07, 2002 6:26 AM Ann, I think I understand the question, but am not sure if there is an answer. I know on Mike Gibbon's site, the defaults allow for the RH side to go up to 105% of the LH edge, so it is possible that you would not form a handle until going over the high price from the LH side. My guess would be that volume action would provide the best clue, so that if you see a rise and it is accompanied by a 50% or greater surge in volume, it could be a breakout. My 2 cents worth, Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ann To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions ission.com 08/07/2002 11:14 AM Please respond to canslim Charley, Maybe I didn't form my question right. How do I know, as the cup forms its right side and approaches the previous high, whether it's going to be a cup with a handle or without a handle? What if I am waiting for a handle to form, but it doesn't form and goes straight to breaking out? Then it has formed a cup-without-handle, but I have missed the breakout. Or do you just have to be there at the time it is breaking out or catch it within 5%? Or I might think that a stock is forming a cup-without-handle, buy it, and then find out that it still has to form a handle. Am I missing something? Thanks for your response, though. Ann ----- Original Message ----- From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 11:54 AM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Ann: You will probably get several responses to your question but let me give it a try. The left side of the cup forms when the upward price pressure hits a point of resistance; that is to say the sellers begin to out number the buyers. The stock price falls, and may continue to fall, or move sideways, for many months. At some point the buyers once again find the stock price attractive and begin buying. Volume increases as the price rises. As the price increases it crosses an important mid point that is half the distance between the left side lip and the current low. (If the price does not cross the mid point you cannot have a c/h formation.) As the price approaches the height of the left side lip, it will once again hit a level of resistance and begin to fall. The sellers once again outnumber the buyers. This time however the volume is low and begins to dry up. This tells us that the sellers are just about finished but the buyers are lurking in the background waiting to pounce. On the chart this appears as a downward turning line we call the handle. After a week or two the buyers begin to come back in and the price heads north. Now we see a strong increase in volume and we wait for our buy signal. When the price exceeds the lip formed by the right side of the cup by .10, it is safe to buy. It continues to be a safe buy until the price exceeds this pivot point by 5%. I hope this helps. Be sure to refer to the new tool Mike has made available to us since it clearly describes each part of the cup/handle on the diagram. Charley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] cup w/o handle, churning Date: 07 Aug 2002 08:35:28 -1000 Hi Ann, Perhaps the key to getting your understanding of this nailed is to analyze the phrase from your posting "but I had in my notes ... that the volume should dry up on the R-side of a Cup-without-Handle." As I understand it, the volume should be above the 50 ADV on at least a few days as it comes up the right side of the cup and those days should be accompanied by a price increase. Once the handle has started to form, you now want the volume to drop below the 50 ADV on most days. In particular, you don't want to see above average volume accompanied by large downward price moves, as this is a sign of weakness. (Katherine pointed this out earlier). If you run the chart selector that I posted yesterday, you will see that the stocks selected are given a CQ rating. This is a metric that attempts to quantify the qualities I mentioned in the previous paragraph. (see my earlier post today also). Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Wednesday, August 07, 2002 6:49 AM Thanks, Charley, Mike, Patrick, Nancy, Katherine, This is such a great list. It's amazing to be able to post questions and get all these prompt and helpful replies. Thank you, all. My questions arose, when I was looking at the charts in Chapter 13 of HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the charts point out "strong up weeks on big volume" on the R-side of the cup, but I had in my notes (possibly from Investors' Corner, as I think Charley suggests) that the volume should dry up on the R-side of a Cup-without-Handle. But, as I look over all the charts (and these are charts that WON picked because the stocks flew after breakout), no one chart has ALL the characteristics you should look for. For example, in the CSCO chart (p. 158), the RS line was not at an all-time high before the stock took off in '95. I guess the moral of the story is that you have to take a preponderance of indicators, and not just get stuck over one of them missing. (But then, that "one" could later prove to be your downfall!! Alas!). Thanks again, Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Hunting List (nee Watchlist) Date: 07 Aug 2002 13:43:19 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_001E_01C23E18.639854E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Rather than 'scrap' the idea of a watchlist, I would like to suggest = posting of weekly 'hunting' list identical to the one that Katherine = posted on July 23rd to the CANSLIM list site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip Katherine, would you be willing to provide your hunting list on a weekly = basis? Benefits: "Identify good stocks in bad markets, by paying attention to = what is most critical" . 1. help those that don't have the resources to quickly filter the stock = universe for growth and minimum technical requirements - forward growth = of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS at = least 60, no more than 15% below the 50 day MA, and at or above the 200 = day MA. . 2. promote discussion of stocks that are technically healthy=20 . Due Diligence has to start somewhere.... why not from a list like = this.... ??? Gene ------=_NextPart_000_001E_01C23E18.639854E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Rather than 'scrap' the idea of a = watchlist,=20 I would like to suggest posting = of weekly=20 'hunting' list identical to the one that Katherine posted on July = 23rd to=20 the CANSLIM list site:
 
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
Katherine, would you be willing to provide your hunting list on a = weekly=20 basis?
 
Benefits: "Identify good stocks in bad markets, by paying = attention to=20 what is most critical"
.
1.  help those that don't have the resources to quickly filter = the=20 stock universe for growth and minimum technical = requirements - forward=20 growth of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at=20 least 60, no more than 15% below the 50 day MA, and at or above the 200 = day=20 MA.
.
2. promote discussion of stocks that are technically healthy =
.
Due Diligence has to start somewhere.... why not from a list like = this....=20 ???
 
Gene
------=_NextPart_000_001E_01C23E18.639854E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Vanchee1@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 14:38:32 EDT --part1_197.b078fac.2a82c328_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris --part1_197.b078fac.2a82c328_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Here is one similar to CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have double the margin but much more dept. comments

Chris
 --part1_197.b078fac.2a82c328_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: jch Subject: RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 14:00:01 -0500 --=======626D331F======= Content-Type: multipart/alternative; x-avg-checked=avg-ok-7A1F4B2; boundary="=====================_74185248==_.ALT" --=====================_74185248==_.ALT Content-Type: text/plain; x-avg-checked=avg-ok-7A1F4B2; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit So if you wonder what's the "N" in P & G see Business Week 8/12/02 pg 58--a Gillette type product--SpinBrush----hyperlink follows: http://www.businessweek.com/magazine/content/02_32/b3795072.htm John Heiman >Don't overlook the soap :) > >Aloha, > >Mike Gibbons >Proactive Technologies, LLC >http://www.proactech.com >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller >Sent: Tuesday, August 06, 2002 4:34 PM >To: canslim@lists.xmission.com >Subject: RE: [CANSLIM] Identifying NEW leaders > >I think this was basically WON's point in the K&C Interview. He concluded >that without tax incentives for new businesses, a new leading group may be >a long way off. However, since my bride's 401K is primarily made up of >P&G stock, I'm happy to see them showing the remaining industries their >backside! > >As for the beer, I'm doing my part! > >Duke >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley >Sent: Tuesday, August 06, 2002 8:50 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Identifying NEW leaders > >I will wade into this topic just a little. I have never found consumer >groups to be sustainable leaders. They are defensive, and some are less >cyclical than others (we got to eat, smoke, drink, take baths, do laundry, >etc after all, at least I hope so!!). I have seen the Financials provide >a strong secondary leadership at times, even lasting months, but that is >also not a sector I fully trust as true leaders to turn this "M" >around. I think the key will remain whatever group can demonstrate >sustained revenue and earnings growth that puts the rest of the groups / >sectors to shame. So far, none are showing that to me. > >----- Original Message ----- >From: J. Lobatto >To: canslim@lists.xmission.com >Sent: Tuesday, August 06, 2002 7:46 PM >Subject: Re: [CANSLIM] Identifying NEW leaders > >If we have to look toward beer and soap to lead the market, it won't be >pretty..... > >Jon >----- Original Message ----- >From: Duke Miller >To: canslim@lists.xmission.com >Sent: Tuesday, August 06, 2002 5:12 PM >Subject: RE: [CANSLIM] Identifying NEW leaders > >WON did say that consumer groups might likely lead us out of the >abyss. And if you pulled up today's SOD, there's a good chance you almost >fell out of your chair as I did. It lists the top 20 Up/Down Volume >leaders, to wit: > >This screen lists leading stocks in leading industries with an >up/down >volume ratio of at least 1.0, which indicates buying volume has exceeded >selling volume in recent months. The ratio can be found daily in IBD's >Stock Checkup for all stocks. Stocks shown have an >Earnings >Per Share Rating >Relative >Price Strength Rating of at least 80, an >Industry >Group Relative Strength Rating of at least "B-" and an >SMR >Rating of "A." All stocks are within 20% of a 52-week high. > >There are three consumer products companies therein: BUD, DL, STZ, and PG >(that one made me fall out of my chair). > > > > >--- --=====================_74185248==_.ALT Content-Type: text/html; x-avg-checked=avg-ok-7A1F4B2; charset=iso-8859-1 Content-Transfer-Encoding: quoted-printable So if you wonder what's the "N" in P & G see Business Week 8/12/02 pg 58--a Gillette type product--SpinBrush----hyperlink follows:

http://www.businessweek.com/magazine/content/02_32/b3795= 072.htm

John Heiman


Don't overlook the soap :)
 
Aloha,
 
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com [mail= to:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller
Sent: Tuesday, August 06, 2002 4:34 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Identifying NEW leaders
I think this was basically WON's point in the K&C Interview.  He concluded that without tax incentives for new businesses, a new leading group may be a long way off.  However, since my bride's 401K is primarily made up of P&G stock, I'm happy to see them showing the remaining industries their backside!
 
As for the beer, I'm doing my part!
 
Duke
-----Original Message-----
From: owner-canslim@lists.xmission.com [mail= to:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Tuesday, August 06, 2002 8:50 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Identifying NEW leaders
I will wade into this topic just a little. I have never found consumer groups to be sustainable leaders. They are defensive, and some are less cyclical than others (we got to eat, smoke, drink, take baths, do laundry, etc after all, at least I hope so!!).  I have seen the Financials provide a strong secondary leadership at times, even lasting months, but that is also not a sector I fully trust as true leaders to turn this "M" around.  I think the key will remain whatever group can demonstrate sustained revenue and earnings growth that puts the rest of the groups / sectors to shame. So far, none are showing that to me.
 
----- Original Message -----=20
From: J. Lobatto=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 7:46 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

If we have to look toward beer and soap to lead the market, it won't be= pretty.....
 
Jon
----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 5:12 PM
Subject: RE: [CANSLIM] Identifying NEW leaders

WON did say that consumer groups might likely lead us out of the= abyss.  And if you pulled up today's SOD, there's a good chance you= almost fell out of your chair as I did.  It lists the top 20 Up/Down= Volume leaders, to wit:
 
This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which= indicates buying volume has exceeded selling volume in recent months. The= ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks= shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80,= an Industry Group Relative Strength Rating of at= least "B-" and an SMR Rating of "A." All stocks are= within 20% of a 52-week high.
 
There are three consumer products companies therein:  BUD, DL, STZ,= and PG (that one made me fall out of my chair).
 
 


---


--=====================_74185248==_.ALT-- --=======626D331F======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-7A1F4B2 Content-Disposition: inline --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======626D331F=======-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) Date: 07 Aug 2002 15:11:57 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_004F_01C23E24.C5CD3520 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Well, you'd have to give a crash course in Excel to some of us (me, at = least)! Ann ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 2:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) Rather than 'scrap' the idea of a watchlist, I would like to suggest = posting of weekly 'hunting' list identical to the one that Katherine = posted on July 23rd to the CANSLIM list site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip Katherine, would you be willing to provide your hunting list on a = weekly basis? Benefits: "Identify good stocks in bad markets, by paying attention to = what is most critical" . 1. help those that don't have the resources to quickly filter the = stock universe for growth and minimum technical requirements - forward = growth of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at least 60, no more than 15% below the 50 day MA, and at or above the = 200 day MA. . 2. promote discussion of stocks that are technically healthy=20 . Due Diligence has to start somewhere.... why not from a list like = this.... ??? Gene ------=_NextPart_000_004F_01C23E24.C5CD3520 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Well, you'd have to give a crash course in Excel to = some of us=20 (me, at least)!
Ann
----- Original Message -----
From:=20 Gene = Ricci
Sent: Wednesday, August 07, = 2002 2:43=20 PM
Subject: [CANSLIM] Hunting List = (nee=20 Watchlist)

Rather than 'scrap' the idea of a = watchlist,=20 I would like to = suggest posting of=20 weekly 'hunting' list identical to the one that Katherine posted on = July=20 23rd to the CANSLIM list site:
 
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
Katherine, would you be willing to provide your hunting list on a = weekly=20 basis?
 
Benefits: "Identify good stocks in bad markets, by paying = attention=20 to what is most critical"
.
1.  help those that don't have the resources to quickly = filter the=20 stock universe for growth and minimum technical=20 requirements - forward growth of at least 15%, Price at = least 6, Avg=20 Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 = day MA,=20 and at or above the 200 day MA.
.
2. promote discussion of stocks that are technically healthy =
.
Due Diligence has to start somewhere.... why not from a list like = this.... ???
 
Gene
------=_NextPart_000_004F_01C23E24.C5CD3520-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 12:38:08 -0700 This is a multi-part message in MIME format. --Boundary_(ID_pWa78sGA7Rp/7lT9vpB8iw) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. ----- Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris --Boundary_(ID_pWa78sGA7Rp/7lT9vpB8iw) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron
 
I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously.
 
 
----- Original Message -----
Sent: Wednesday, August 07, 2002 11:38 AM
Subject: Re: [CANSLIM] Identifying NEW leaders

Here is one similar to CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have double the margin but much more dept. comments

Chris
--Boundary_(ID_pWa78sGA7Rp/7lT9vpB8iw)-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] cup w/o handle Date: 07 Aug 2002 15:15:08 -0400 Mike, Sorry if I'm missing something, but aren't you talking about cup With handle? Or are you saying that, in the cup With handle the drop in volume occurs in the handle, and in the cup Without handle it occurs on the right side of the cup (at least part of the time)? Ann ----- Original Message ----- Sent: Wednesday, August 07, 2002 2:35 PM : Hi Ann, : : Perhaps the key to getting your understanding of this nailed is to analyze : the phrase from your posting "but I had in my notes ... that the volume : should dry up on the R-side of a Cup-without-Handle." : : As I understand it, the volume should be above the 50 ADV on at least a few : days as it comes up the right side of the cup and those days should be : accompanied by a price increase. Once the handle has started to form, you : now want the volume to drop below the 50 ADV on most days. In particular, : you don't want to see above average volume accompanied by large downward : price moves, as this is a sign of weakness. (Katherine pointed this out : earlier). : : If you run the chart selector that I posted yesterday, you will see that the : stocks selected are given a CQ rating. This is a metric that attempts to : quantify the qualities I mentioned in the previous paragraph. (see my : earlier post today also). : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Wednesday, August 07, 2002 6:49 AM : To: CANSLIM Listserv : Subject: [CANSLIM] cup w/o handle, churning : : : Thanks, Charley, Mike, Patrick, Nancy, Katherine, : : This is such a great list. It's amazing to be able to post questions and get : all these prompt and helpful replies. Thank you, all. : : My questions arose, when I was looking at the charts in Chapter 13 of : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the : charts point out "strong up weeks on big volume" on the R-side of the cup, : but I had in my notes (possibly from Investors' Corner, as I think Charley : suggests) that the volume should dry up on the R-side of a : Cup-without-Handle. : : But, as I look over all the charts (and these are charts that WON picked : because the stocks flew after breakout), no one chart has ALL the : characteristics you should look for. For example, in the CSCO chart (p. : 158), the RS line was not at an all-time high before the stock took off in : '95. : : I guess the moral of the story is that you have to take a preponderance of : indicators, and not just get stuck over one of them missing. (But then, that : "one" could later prove to be your downfall!! Alas!). : : Thanks again, : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] cup w/o handle Date: 07 Aug 2002 12:30:09 -0700 Ann, I think the whole issue with the cup w/o a handle comes to this. Have all the sellers finished selling? The problem with no handle is the chance of a big pullback as the previous shareholder get out for good after sitting through that darned cup. With a handle of lower volume, there is less risk of a pullback. Most of the sellers are done IMO. So, I'm no expert at this but, I might want to see the volume dryup a bit as it climbs the right side near the top - then increased volume as it breaks to new ground. Add to that, the fundies had better be perfect for added insurance against the lack of a handle. Note: I find the no handle issue fits with the double bottom charts better as the stock's had ample time to shake out the sellers -Bill ----- Original Message ----- Sent: Wednesday, August 07, 2002 12:15 PM > Mike, > > Sorry if I'm missing something, but aren't you talking about cup With > handle? > Or are you saying that, in the cup With handle the drop in volume occurs in > the handle, and in the cup Without handle it occurs on the right side of the > cup (at least part of the time)? > > > Ann > > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Wednesday, August 07, 2002 2:35 PM > Subject: RE: [CANSLIM] cup w/o handle, churning > > > : Hi Ann, > : > : Perhaps the key to getting your understanding of this nailed is to analyze > : the phrase from your posting "but I had in my notes ... that the volume > : should dry up on the R-side of a Cup-without-Handle." > : > : As I understand it, the volume should be above the 50 ADV on at least a > few > : days as it comes up the right side of the cup and those days should be > : accompanied by a price increase. Once the handle has started to form, you > : now want the volume to drop below the 50 ADV on most days. In particular, > : you don't want to see above average volume accompanied by large downward > : price moves, as this is a sign of weakness. (Katherine pointed this out > : earlier). > : > : If you run the chart selector that I posted yesterday, you will see that > the > : stocks selected are given a CQ rating. This is a metric that attempts to > : quantify the qualities I mentioned in the previous paragraph. (see my > : earlier post today also). > : > : Aloha, > : > : Mike Gibbons > : Proactive Technologies, LLC > : http://www.proactech.com > : > : > : -----Original Message----- > : From: owner-canslim@lists.xmission.com > : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann > : Sent: Wednesday, August 07, 2002 6:49 AM > : To: CANSLIM Listserv > : Subject: [CANSLIM] cup w/o handle, churning > : > : > : Thanks, Charley, Mike, Patrick, Nancy, Katherine, > : > : This is such a great list. It's amazing to be able to post questions and > get > : all these prompt and helpful replies. Thank you, all. > : > : My questions arose, when I was looking at the charts in Chapter 13 of > : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the > : charts point out "strong up weeks on big volume" on the R-side of the cup, > : but I had in my notes (possibly from Investors' Corner, as I think Charley > : suggests) that the volume should dry up on the R-side of a > : Cup-without-Handle. > : > : But, as I look over all the charts (and these are charts that WON picked > : because the stocks flew after breakout), no one chart has ALL the > : characteristics you should look for. For example, in the CSCO chart (p. > : 158), the RS line was not at an all-time high before the stock took off in > : '95. > : > : I guess the moral of the story is that you have to take a preponderance of > : indicators, and not just get stuck over one of them missing. (But then, > that > : "one" could later prove to be your downfall!! Alas!). > : > : Thanks again, > : > : Ann > : > : > : - > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your email. > : > : > : - > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] cup w/o handle Date: 07 Aug 2002 09:39:33 -1000 Correct, it's me that was missing something, I misread your post. Apologies. I have no idea how a cup-without-handle should perform except I imagine that the price/volume action should be overall positive indicating continued accumulation. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Wednesday, August 07, 2002 9:15 AM Mike, Sorry if I'm missing something, but aren't you talking about cup With handle? Or are you saying that, in the cup With handle the drop in volume occurs in the handle, and in the cup Without handle it occurs on the right side of the cup (at least part of the time)? Ann ----- Original Message ----- Sent: Wednesday, August 07, 2002 2:35 PM : Hi Ann, : : Perhaps the key to getting your understanding of this nailed is to analyze : the phrase from your posting "but I had in my notes ... that the volume : should dry up on the R-side of a Cup-without-Handle." : : As I understand it, the volume should be above the 50 ADV on at least a few : days as it comes up the right side of the cup and those days should be : accompanied by a price increase. Once the handle has started to form, you : now want the volume to drop below the 50 ADV on most days. In particular, : you don't want to see above average volume accompanied by large downward : price moves, as this is a sign of weakness. (Katherine pointed this out : earlier). : : If you run the chart selector that I posted yesterday, you will see that the : stocks selected are given a CQ rating. This is a metric that attempts to : quantify the qualities I mentioned in the previous paragraph. (see my : earlier post today also). : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Wednesday, August 07, 2002 6:49 AM : To: CANSLIM Listserv : Subject: [CANSLIM] cup w/o handle, churning : : : Thanks, Charley, Mike, Patrick, Nancy, Katherine, : : This is such a great list. It's amazing to be able to post questions and get : all these prompt and helpful replies. Thank you, all. : : My questions arose, when I was looking at the charts in Chapter 13 of : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the : charts point out "strong up weeks on big volume" on the R-side of the cup, : but I had in my notes (possibly from Investors' Corner, as I think Charley : suggests) that the volume should dry up on the R-side of a : Cup-without-Handle. : : But, as I look over all the charts (and these are charts that WON picked : because the stocks flew after breakout), no one chart has ALL the : characteristics you should look for. For example, in the CSCO chart (p. : 158), the RS line was not at an all-time high before the stock took off in : '95. : : I guess the moral of the story is that you have to take a preponderance of : indicators, and not just get stuck over one of them missing. (But then, that : "one" could later prove to be your downfall!! Alas!). : : Thanks again, : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 15:54:35 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0067_01C23E2A.BA0F2B20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Two groups have emerged. One group is asking for help with tutorial discussion of a "potential = list", the other group stating that the purpose of this board is not to = identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock (maximum of = two for the entire group each day, first come first served).=20 The person posting, MUST give some background on the stock and some = listing of what makes the person believe it is a potential for the day's = CANSLIM discussion. Once posted with the necessary background information, discussion on the = merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for others, = good opportunity for some others to hone their skills as constructive = reviews evolved, opportunity to get different perspectives while action = is occurring (in contrast with the IBD Monday Morning quarterbacking = such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues served = up. Agree? Disagree? Nonsense?=20 Flawed proposal? ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw = one out with a terribly ugly chart, but very solid current and forward = CANSLIM fundamentals ... (and besides, I love their name - the Engineer = in me has always wanted to buy stocks like this): CBI-NYSE, Chicago = Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out = 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out = 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_0067_01C23E2A.BA0F2B20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Two groups have emerged.
One group is asking for help with tutorial = discussion of=20 a "potential list", the other group stating that the purpose of = this board=20 is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire group = each day,=20 first come first served).
The person posting, MUST give some background on the = stock and=20 some listing of what makes the person believe it is a potential for the = day's=20 CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could follow.
Benefits would be good review for some people, good = tutorial=20 for others, good opportunity for some others to hone their skills = as=20 constructive reviews evolved, opportunity to get different perspectives = while=20 action is occurring (in contrast with the IBD Monday Morning = quarterbacking such=20 as the cup with or without handles).
At the end of the day, discussion ends on the one or = two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

In light of the fact that these are extraordinary = times,=20 I'll throw one out with a terribly ugly chart, but very solid current = and=20 forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago=20 Bridge and Iron
 
I am particularly intrigued by the combination of = a strong=20 grwing backlog, relatively low historical valuation and a sustained = recent=20 increase in ADV. However, the chart is awful. Any opinions on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because I've=20 had no trouble finding strong groups/sectors/stocks at any point in = the last=20 few years, until this past June. It amazes me that everything can be = weak=20 simultaneously.
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com
Sent: Wednesday, August 07, = 2002 11:38=20 AM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Here is one similar to CHTT, what do = you=20 think.

DLI,  Rev last qtr of 93 mil, EPS of .53, = dept/equity=20 .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS = of .58,=20 dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have = double the=20 margin but much more dept.=20 comments

Chris
<= /HTML> ------=_NextPart_000_0067_01C23E2A.BA0F2B20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) Date: 07 Aug 2002 15:43:19 EDT --part1_d2.1c285e26.2a82d257_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, please say YES --part1_d2.1c285e26.2a82d257_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, please say YES --part1_d2.1c285e26.2a82d257_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] cup w/o handle, churning Date: 07 Aug 2002 16:06:39 EDT --part1_125.14894b84.2a82d7cf_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You have made a very important point. Of necessity, WON has to include many of the characteristics of good fundamental and technical stock selection in his writings. However, all of these traits do not have to apply to every situation every time. It seems to me as students we should try to learn all of the rules and guidelines, but instead of applying them like an engineer, use them as an artist. The only way this works is with practice and study. Charley --part1_125.14894b84.2a82d7cf_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You have made a very important point. Of necessity, WON has to include many of the characteristics of good fundamental and technical stock selection in his writings. However, all of these traits do not have to apply to every situation every time. It seems to me as students we should try to learn all of the rules and guidelines, but instead of applying them like an engineer, use them as an artist. The only way this works is with practice and study.
Charley --part1_125.14894b84.2a82d7cf_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Hunting List (nee Watchlist) Date: 07 Aug 2002 14:38:58 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0101_01C23E20.29FF54B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable If you define crash as a quick tour through the basics.... you're on! ----- Original Message -----=20 From: Ann=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 2:11 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) Well, you'd have to give a crash course in Excel to some of us (me, at = least)! Ann ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 2:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) Rather than 'scrap' the idea of a watchlist, I would like to suggest = posting of weekly 'hunting' list identical to the one that Katherine = posted on July 23rd to the CANSLIM list site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip Katherine, would you be willing to provide your hunting list on a = weekly basis? Benefits: "Identify good stocks in bad markets, by paying attention = to what is most critical" . 1. help those that don't have the resources to quickly filter the = stock universe for growth and minimum technical requirements - forward = growth of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at least 60, no more than 15% below the 50 day MA, and at or above the = 200 day MA. . 2. promote discussion of stocks that are technically healthy=20 . Due Diligence has to start somewhere.... why not from a list like = this.... ??? Gene ------=_NextPart_000_0101_01C23E20.29FF54B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
If you define crash as a quick tour = through the=20 basics.... you're on!
----- Original Message -----
From:=20 Ann
Sent: Wednesday, August 07, = 2002 2:11=20 PM
Subject: Re: [CANSLIM] Hunting = List (nee=20 Watchlist)

Well, you'd have to give a crash course in Excel = to some of=20 us (me, at least)!
Ann
----- Original Message -----
From:=20 Gene = Ricci
Sent: Wednesday, August 07, = 2002 2:43=20 PM
Subject: [CANSLIM] Hunting = List (nee=20 Watchlist)

Rather than 'scrap' the idea of a = watchlist,=20 I would like to = suggest posting of=20 weekly 'hunting' list identical to the one that Katherine posted on = July=20 23rd to the CANSLIM list site:
 
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
Katherine, would you be willing to provide your hunting list on = a=20 weekly basis?
 
Benefits: "Identify good stocks in bad markets, by paying=20 attention to what is most critical"
.
1.  help those that don't have the resources to quickly = filter the=20 stock universe for growth and minimum technical=20 requirements - forward growth of at least 15%, Price at = least 6,=20 Avg Daily Vol at least 30K, RS at least 60, no more than 15% below = the 50=20 day MA, and at or above the 200 day MA.
.
2. promote discussion of stocks that are technically = healthy=20
.
Due Diligence has to start somewhere.... why not from a list = like=20 this.... ???
 
=
Gene
= ------=_NextPart_000_0101_01C23E20.29FF54B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 14:09:35 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0072_01C23E1C.0F7A39B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I like how the list has been most of the time. If you want to post a list that is made up of mostly canslim stocks more power to you if you dont thats fine too. If someone has a question regarding a stock as long as it is Canslimish then go ahead. And if you have any other questions or lessons post away. Its a good group that seems to be willing to answer any questions regarding CANSLIM and things related to growth stocks and trading in general. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Wednesday, August 07, 2002 1:55 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Two groups have emerged. One group is asking for help with tutorial discussion of a "potential list", the other group stating that the purpose of this board is not to identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock (maximum of two for the entire group each day, first come first served). The person posting, MUST give some background on the stock and some listing of what makes the person believe it is a potential for the day's CANSLIM discussion. Once posted with the necessary background information, discussion on the merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for others, good opportunity for some others to hone their skills as constructive reviews evolved, opportunity to get different perspectives while action is occurring (in contrast with the IBD Monday Morning quarterbacking such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues served up. Agree? Disagree? Nonsense? Flawed proposal? ----- Original Message ----- From: Ian To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. ----- Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_0072_01C23E1C.0F7A39B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I like=20 how the list has been most of the time.  If you want to post a list = that is=20 made up of mostly canslim stocks more power to you if you dont thats = fine=20 too.  If someone has a question regarding a stock as long as it is=20 Canslimish then go ahead.  And if you have any other questions or = lessons=20 post away.  Its a good group that seems to be willing to answer any = questions regarding CANSLIM and things related to growth stocks and = trading in=20 general.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston=20 Little
Sent: Wednesday, August 07, 2002 1:55 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Two groups have emerged.
One group is asking for help with tutorial = discussion=20 of a "potential list", the other group stating that the purpose = of this=20 board is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire group = each day,=20 first come first served).
The person posting, MUST give some background on = the stock=20 and some listing of what makes the person believe it is a potential = for the=20 day's CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could = follow.
Benefits would be good review for some people, = good tutorial=20 for others, good opportunity for some others to hone their skills = as=20 constructive reviews evolved, opportunity to get different = perspectives while=20 action is occurring (in contrast with the IBD Monday Morning = quarterbacking=20 such as the cup with or without handles).
At the end of the day, discussion ends on the one = or two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago=20 Bridge and Iron
 
I am particularly intrigued by the combination = of a strong=20 grwing backlog, relatively low historical valuation and a sustained = recent=20 increase in ADV. However, the chart is awful. Any opinions on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in the=20 last few years, until this past June. It amazes me that everything = can be=20 weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is one = similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, = EPS of=20 .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last = qtr of=20 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT=20 does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_0072_01C23E1C.0F7A39B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 14:24:23 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_007A_01C23E1E.208CBAF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit For new people that want the beginnings of a watchlist I have always liked the weekend review in the Friday issue of IBD. While far from a all comprehensive list it is an excellent start. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart Sent: Wednesday, August 07, 2002 2:10 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Identifying NEW leaders I like how the list has been most of the time. If you want to post a list that is made up of mostly canslim stocks more power to you if you dont thats fine too. If someone has a question regarding a stock as long as it is Canslimish then go ahead. And if you have any other questions or lessons post away. Its a good group that seems to be willing to answer any questions regarding CANSLIM and things related to growth stocks and trading in general. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Wednesday, August 07, 2002 1:55 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Two groups have emerged. One group is asking for help with tutorial discussion of a "potential list", the other group stating that the purpose of this board is not to identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock (maximum of two for the entire group each day, first come first served). The person posting, MUST give some background on the stock and some listing of what makes the person believe it is a potential for the day's CANSLIM discussion. Once posted with the necessary background information, discussion on the merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for others, good opportunity for some others to hone their skills as constructive reviews evolved, opportunity to get different perspectives while action is occurring (in contrast with the IBD Monday Morning quarterbacking such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues served up. Agree? Disagree? Nonsense? Flawed proposal? ----- Original Message ----- From: Ian To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. ----- Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_007A_01C23E1E.208CBAF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
For=20 new people that want the beginnings of a watchlist I have always liked = the=20 weekend review in the Friday issue of IBD.  While far from a all=20 comprehensive list it is an excellent start.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of David=20 Taggart
Sent: Wednesday, August 07, 2002 2:10 = PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

I=20 like how the list has been most of the time.  If you want to post = a list=20 that is made up of mostly canslim stocks more power to you if you dont = thats=20 fine too.  If someone has a question regarding a stock as long as = it is=20 Canslimish then go ahead.  And if you have any other questions or = lessons=20 post away.  Its a good group that seems to be willing to answer = any=20 questions regarding CANSLIM and things related to growth stocks and = trading in=20 general.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston = Little
Sent: Wednesday, August 07, 2002 1:55 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Two groups have emerged.
One group is asking for help with tutorial = discussion=20 of a "potential list", the other group stating that the purpose = of this=20 board is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire = group each=20 day, first come first served).
The person posting, MUST give some background on = the stock=20 and some listing of what makes the person believe it is a potential = for the=20 day's CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could = follow.
Benefits would be good review for some people, = good=20 tutorial for others, good opportunity for some others to = hone their=20 skills as constructive reviews evolved, opportunity to get different = perspectives while action is occurring (in contrast with the IBD = Monday=20 Morning quarterbacking such as the cup with or without=20 handles).
At the end of the day, discussion ends on the = one or two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): = CBI-NYSE,=20 Chicago Bridge and Iron
 
I am particularly intrigued by the combination = of a=20 strong grwing backlog, relatively low historical valuation and a = sustained=20 recent increase in ADV. However, the chart is awful. Any opinions = on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in=20 the last few years, until this past June. It amazes me that = everything can=20 be weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August = 07, 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is = one similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 = mil, EPS=20 of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev = last=20 qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_007A_01C23E1E.208CBAF0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 16:45:34 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_009D_01C23E31.D9F002A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable CBI was offered for comment. My viiews are: Earnings cause some concern. Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also had a = loss of (-$0.13). The last four quarters were all positive and strong ($1.91), but I could = not find a pattern in the flow of earnings. Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 and = Q2 of 2002, again making me uneasy. Looking at the price-volume chart, I see relatively light trading (I = prefer at least 80,000 to 100,000 shares/day). Some increase occurs at about 02 July, but on an irregular basis. Price had been falling from 14 May until 23 July, then turned up. Last three days were down. Next I looked at a three year and a five year chart. Extrapolation on both of these imply that the next move is down. In summary: C=3D quarterly eps growing but irregular A=3D growing in last two years (this smoothes out the irregular = quarters) N=3D Moved from bridge building to newer storage tanks including use for = cryogenic and microelectronics S =3D ???? 21 million shares outstanding (47,000 traded/day). Market = Cap =3D $549 million. L =3D Is #2 in group #63 I =3D appears a little weak ( but they have been sneaking in since 02 = July) M=3D Quick rotating market I need to see a little more action up or down before I would commit or = avoid this one, but it is certainly a good candidate to watch. ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw = one out with a terribly ugly chart, but very solid current and forward = CANSLIM fundamentals ... (and besides, I love their name - the Engineer = in me has always wanted to buy stocks like this): CBI-NYSE, Chicago = Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out = 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out = 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_009D_01C23E31.D9F002A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
CBI was offered for comment.
 
My viiews are:
 
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18) =  and Q2 of=20 2001 also had a loss of (-$0.13).
The last four quarters were all positive and strong = ($1.91),=20 but I could not find a pattern in the flow of earnings.
Revenues grew in all four quarters of 2000 and 2001, = then fell=20 in Q1 and Q2 of 2002, again making me uneasy.
 
Looking at the price-volume chart, I see relatively = light=20 trading (I prefer at least 80,000 to 100,000 = shares/day).
Some increase occurs at about 02 July, but on an = irregular=20 basis.
Price had been falling from 14 May until 23 July, = then turned=20 up.
Last three days were down.
Next I looked at a three year and a five year=20 chart.
Extrapolation on both of these imply that the next = move is=20 down.
 
In summary:
C=3D quarterly eps growing but = irregular
A=3D growing in last two years (this smoothes out = the irregular=20 quarters)
N=3D Moved from bridge building to newer storage = tanks including=20 use for cryogenic and microelectronics
S =3D ????   21 million shares outstanding = (47,000=20 traded/day). Market Cap =3D $549 million.
L =3D Is #2 in group #63
I =3D appears a little weak ( but they have been = sneaking in=20 since 02 July)
M=3D Quick rotating market
 
I need to see a little more  action up or down = before I=20 would commit or avoid this one, but it is certainly a good = candidate to=20 watch.
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

In light of the fact that these are extraordinary = times,=20 I'll throw one out with a terribly ugly chart, but very solid current = and=20 forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago=20 Bridge and Iron
 
I am particularly intrigued by the combination of = a strong=20 grwing backlog, relatively low historical valuation and a sustained = recent=20 increase in ADV. However, the chart is awful. Any opinions on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because I've=20 had no trouble finding strong groups/sectors/stocks at any point in = the last=20 few years, until this past June. It amazes me that everything can be = weak=20 simultaneously.
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com
Sent: Wednesday, August 07, = 2002 11:38=20 AM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Here is one similar to CHTT, what do = you=20 think.

DLI,  Rev last qtr of 93 mil, EPS of .53, = dept/equity=20 .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS = of .58,=20 dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have = double the=20 margin but much more dept.=20 comments

Chris
<= /HTML> ------=_NextPart_000_009D_01C23E31.D9F002A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: E2moskow@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 16:53:49 EDT --part1_1a2.68a677a.2a82e2dd_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I think your proposal has merit Morris Moskowitz --part1_1a2.68a677a.2a82e2dd_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I think your proposal has merit
Morris Moskowitz --part1_1a2.68a677a.2a82e2dd_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) Date: 07 Aug 2002 14:02:53 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_000A_01C23E1B.1F62C140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable me to please Gene-I am still saving your chart. nancy ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 12:38 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) If you define crash as a quick tour through the basics.... you're on! ----- Original Message -----=20 From: Ann=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 2:11 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) Well, you'd have to give a crash course in Excel to some of us (me, = at least)! Ann ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 2:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) Rather than 'scrap' the idea of a watchlist, I would like to = suggest posting of weekly 'hunting' list identical to the one that = Katherine posted on July 23rd to the CANSLIM list site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip Katherine, would you be willing to provide your hunting list on a = weekly basis? Benefits: "Identify good stocks in bad markets, by paying = attention to what is most critical" . 1. help those that don't have the resources to quickly filter the = stock universe for growth and minimum technical requirements - forward = growth of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at least 60, no more than 15% below the 50 day MA, and at or above the = 200 day MA. . 2. promote discussion of stocks that are technically healthy=20 . Due Diligence has to start somewhere.... why not from a list like = this.... ??? Gene ------=_NextPart_000_000A_01C23E1B.1F62C140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
me to please Gene-I am still saving = your chart.=20 nancy
----- Original Message -----
From:=20 Gene = Ricci
Sent: Wednesday, August 07, = 2002 12:38=20 PM
Subject: Re: [CANSLIM] Hunting = List (nee=20 Watchlist)

If you define crash as a quick tour = through=20 the basics.... you're on!
----- Original Message -----
From:=20 Ann
Sent: Wednesday, August 07, = 2002 2:11=20 PM
Subject: Re: [CANSLIM] = Hunting List=20 (nee Watchlist)

Well, you'd have to give a crash course in Excel = to some=20 of us (me, at least)!
Ann
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 2:43=20 PM
Subject: [CANSLIM] Hunting = List (nee=20 Watchlist)

Rather than 'scrap' the idea of = a=20 watchlist, I would like to=20 suggest posting of weekly 'hunting' list identical to the one = that=20 Katherine posted on July 23rd to the CANSLIM list = site:
 
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
Katherine, would you be willing to provide your hunting list = on a=20 weekly basis?
 
Benefits: "Identify good stocks in bad markets, by = paying=20 attention to what is most critical"
.
1.  help those that don't have the resources to quickly = filter=20 the stock universe for growth and minimum technical=20 requirements - forward growth of at least 15%, Price at = least 6,=20 Avg Daily Vol at least 30K, RS at least 60, no more than 15% below = the 50=20 day MA, and at or above the 200 day MA.
.
2. promote discussion of stocks that are technically = healthy=20
.
Due Diligence has to start somewhere.... why not from a list = like=20 this.... ???
 
=
Gene
------=_NextPart_000_000A_01C23E1B.1F62C140-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 14:31:04 -0700 This is a multi-part message in MIME format. --Boundary_(ID_0dwcIHGaNjJOlt62C5DgSA) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT Winston. Thank you for the analysis. One thing I would add is that the forward estimates are strong - $2.30-$2.35 for this year, and backlog is up 25% from Dec 31. IMHO, the chart that has the most positive potential is the 2-year weekly chart. It has the potential to show a strong C&H, where it is currently at the bottom of the H and just around 15% below the handle high. But it definitely needs to develop futher, and would have to move through $33 on a good increase in ADV. I also see the weekly moving averages still trending up. Why do your long-term charts point down? Thanks again, Ian ----- Original Message ----- From: Winston Little To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 1:45 PM Subject: Re: [CANSLIM] Identifying NEW leaders CBI was offered for comment. My viiews are: Earnings cause some concern. Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also had a loss of (-$0.13). The last four quarters were all positive and strong ($1.91), but I could not find a pattern in the flow of earnings. Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 and Q2 of 2002, again making me uneasy. Looking at the price-volume chart, I see relatively light trading (I prefer at least 80,000 to 100,000 shares/day). Some increase occurs at about 02 July, but on an irregular basis. Price had been falling from 14 May until 23 July, then turned up. Last three days were down. Next I looked at a three year and a five year chart. Extrapolation on both of these imply that the next move is down. In summary: C= quarterly eps growing but irregular A= growing in last two years (this smoothes out the irregular quarters) N= Moved from bridge building to newer storage tanks including use for cryogenic and microelectronics S = ???? 21 million shares outstanding (47,000 traded/day). Market Cap = $549 million. L = Is #2 in group #63 I = appears a little weak ( but they have been sneaking in since 02 July) M= Quick rotating market I need to see a little more action up or down before I would commit or avoid this one, but it is certainly a good candidate to watch. ----- Original Message ----- From: Ian To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. ----- Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris --Boundary_(ID_0dwcIHGaNjJOlt62C5DgSA) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
Winston. Thank you for the analysis. One thing I would add is that the forward estimates are strong - $2.30-$2.35 for this year, and backlog is up 25% from Dec 31.
 
IMHO, the chart that has the most positive potential is the 2-year weekly chart. It has the potential to show a strong C&H, where it is currently at the bottom of the H and just around 15% below the handle high. But it definitely needs to develop futher, and would have to move through $33 on a good increase in ADV.
 
I also see the weekly moving averages still trending up. Why do your long-term charts point down?
 
Thanks again,
 
Ian
 
 
 
 
----- Original Message -----
Sent: Wednesday, August 07, 2002 1:45 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

CBI was offered for comment.
 
My viiews are:
 
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18)  and Q2 of 2001 also had a loss of (-$0.13).
The last four quarters were all positive and strong ($1.91), but I could not find a pattern in the flow of earnings.
Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 and Q2 of 2002, again making me uneasy.
 
Looking at the price-volume chart, I see relatively light trading (I prefer at least 80,000 to 100,000 shares/day).
Some increase occurs at about 02 July, but on an irregular basis.
Price had been falling from 14 May until 23 July, then turned up.
Last three days were down.
Next I looked at a three year and a five year chart.
Extrapolation on both of these imply that the next move is down.
 
In summary:
C= quarterly eps growing but irregular
A= growing in last two years (this smoothes out the irregular quarters)
N= Moved from bridge building to newer storage tanks including use for cryogenic and microelectronics
S = ????   21 million shares outstanding (47,000 traded/day). Market Cap = $549 million.
L = Is #2 in group #63
I = appears a little weak ( but they have been sneaking in since 02 July)
M= Quick rotating market
 
I need to see a little more  action up or down before I would commit or avoid this one, but it is certainly a good candidate to watch.
----- Original Message -----
From: Ian
Sent: Wednesday, August 07, 2002 3:38 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron
 
I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously.
 
 
----- Original Message -----
Sent: Wednesday, August 07, 2002 11:38 AM
Subject: Re: [CANSLIM] Identifying NEW leaders

Here is one similar to CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have double the margin but much more dept. comments

Chris
--Boundary_(ID_0dwcIHGaNjJOlt62C5DgSA)-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 14:12:42 -0700 DLI tried to break out of a shallow double bottom or wide base and failed on 7/2. It has no analysts following it, is 28% off its high, has as A/D of C- and an U/D vol. ratio of 0.5. Not CANSLIM, not right now anyway. If it bottoms near its current price and makes it back up to the $25 range, then it would look more attractive. Vanchee1@aol.com wrote: > Here is one similar to CHTT, what do you think. > > DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out > 8.6, float 4.7 > > CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out > 9.5, float 8.1 > > CHTT does have double the margin but much more dept. comments > > Chris - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] Winston proposal (WAS: Identifying NEW leaders) Date: 07 Aug 2002 14:25:47 -0700 (PDT) Winston From my observations and to use your terminology with the two groups, the groups wanting a watch list want the list from the group wanting to keep the list as it currently is and prefer to discuss general CANSLIM principals. If you want to post a watch list, or mention a few stocks, by all means do it. Just keep in mind that this is every member's right to chose not to respond to your posting, or not to comment on your stocks if they don't want to. This is also their right not to disclose stocks they are currently watching and have done all the needed homework on. What you propose is happening on the list anyway. People list an interesting stock they think is CANSLIM (most of the time anyway) every once in a while and ask for comments on it. Personally, I will not use, or look at anyones watch lists. I have my own set of rules and screens and if a stock on someone else's watch list is not on my mine, well then it didn't pass my screen and so be it. Of course it will also not bother me one bit if someone feel like posting their watch list. I will just not use it, but maybe someone else will. - Fanus --- Winston Little wrote: > Two groups have emerged. > One group is asking for help with tutorial > discussion of a "potential list", the other group > stating that the purpose of this board is not to > identify specific issues. > The position of both groups have merit. > A middle ground may be for anyone to post a > particular stock (maximum of two for the entire > group each day, first come first served). > The person posting, MUST give some background on the > stock and some listing of what makes the person > believe it is a potential for the day's CANSLIM > discussion. > Once posted with the necessary background > information, discussion on the merits, flaws and > cautions could follow. > Benefits would be good review for some people, good > tutorial for others, good opportunity for some > others to hone their skills as constructive reviews > evolved, opportunity to get different perspectives > while action is occurring (in contrast with the IBD > Monday Morning quarterbacking such as the cup with > or without handles). > At the end of the day, discussion ends on the one or > two issues served up. > > > Agree? > Disagree? > Nonsense? > Flawed proposal? > > > > > > > ----- Original Message ----- > From: Ian > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 3:38 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > In light of the fact that these are extraordinary > times, I'll throw one out with a terribly ugly > chart, but very solid current and forward CANSLIM > fundamentals ... (and besides, I love their name - > the Engineer in me has always wanted to buy stocks > like this): CBI-NYSE, Chicago Bridge and Iron > > I am particularly intrigued by the combination of > a strong grwing backlog, relatively low historical > valuation and a sustained recent increase in ADV. > However, the chart is awful. Any opinions on this > one? > > Ian > > BTW - I qualify these as 'extraordinary times' > because I've had no trouble finding strong > groups/sectors/stocks at any point in the last few > years, until this past June. It amazes me that > everything can be weak simultaneously. > > > ----- Original Message ----- > From: Vanchee1@aol.com > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 11:38 AM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Here is one similar to CHTT, what do you think. > > DLI, Rev last qtr of 93 mil, EPS of .53, > dept/equity .97, shrs out 8.6, float 4.7 > > CHTT Rev last qtr of 58 mil, EPS of .58, > dept/equity 4.03, shrs out 9.5, float 8.1 > > CHTT does have double the margin but much more > dept. comments > > Chris > > __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chris Dempsey Subject: RE: [CANSLIM] Excel Lesson Date: 07 Aug 2002 16:21:42 -0500 This is a multi-part message in MIME format. --Boundary_(ID_Z1MFuV5p4u9s85cMis8Eiw) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT I would suggest going to a community college and taking a class in Excel. It would force you into a schedule to finish the assigned lessons, study for tests, and you will remember the problems you had in your assignments, and the solutions, the next time you want to do the same task. If you are just shown the crash course, you will know what Excel is capable of but you won't remember how to do it. It is also important to get a good teacher, or they even have web classes now in which case the course needs to use a really good self study book. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl Sent: Wednesday, August 07, 2002 4:03 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) me to please Gene-I am still saving your chart. nancy ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 12:38 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) If you define crash as a quick tour through the basics.... you're on! ----- Original Message ----- From: Ann To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 2:11 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) Well, you'd have to give a crash course in Excel to some of us (me, at least)! Ann --Boundary_(ID_Z1MFuV5p4u9s85cMis8Eiw) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
I would suggest going to a community college and taking a class in Excel. It would force you into a schedule to finish the assigned lessons, study for tests, and you will remember the problems you had in your assignments, and the solutions, the next time you want to do the same task. If you are just shown the crash course, you will know what Excel is capable of but you won't remember how to do it.
 
It is also important to get a good teacher, or they even have web classes now in which case the course needs to use a really good self study book.
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl
Sent: Wednesday, August 07, 2002 4:03 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Hunting List (nee Watchlist)

me to please Gene-I am still saving your chart. nancy
----- Original Message -----
From: Gene Ricci
Sent: Wednesday, August 07, 2002 12:38 PM
Subject: Re: [CANSLIM] Hunting List (nee Watchlist)

If you define crash as a quick tour through the basics.... you're on!
----- Original Message -----
From: Ann
Sent: Wednesday, August 07, 2002 2:11 PM
Subject: Re: [CANSLIM] Hunting List (nee Watchlist)

Well, you'd have to give a crash course in Excel to some of us (me, at least)!
Ann
--Boundary_(ID_Z1MFuV5p4u9s85cMis8Eiw)-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: CBI [Was: Re: [CANSLIM] Identifying NEW leaders] Date: 07 Aug 2002 14:30:59 -0700 Ian, looking at the weekly chart, I don't think this is a good handle. It looks like it starts too far below the left rim of the cup and it descends too rapidly and too far below the start of the handle. The volume drops over the first four weeks of the handle then increases sharply over 4-6 weeks with a volume peak right in the middle of the handle. -Harvey Ian wrote: > Winston. Thank you for the analysis. One thing I would add is that the > forward estimates are strong - $2.30-$2.35 for this year, and backlog > is up 25% from Dec 31. IMHO, the chart that has the most positive > potential is the 2-year weekly chart. It has the potential to show a > strong C&H, where it is currently at the bottom of the H and just > around 15% below the handle high. But it definitely needs to develop > futher, and would have to move through $33 on a good increase in > ADV. I also see the weekly moving averages still trending up. Why do > your long-term charts point down? Thanks again, Ian ----- Original > Message ----- > > From: Winston Little > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 1:45 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > CBI was offered for comment. My viiews are: Earnings cause > some concern.Q4 of 2000 had a substantial loss of (-$4.18) > and Q2 of 2001 also had a loss of (-$0.13).The last four > quarters were all positive and strong ($1.91), but I could > not find a pattern in the flow of earnings.Revenues grew in > all four quarters of 2000 and 2001, then fell in Q1 and Q2 > of 2002, again making me uneasy. Looking at the price-volume > chart, I see relatively light trading (I prefer at least > 80,000 to 100,000 shares/day).Some increase occurs at about > 02 July, but on an irregular basis.Price had been falling > from 14 May until 23 July, then turned up.Last three days > were down.Next I looked at a three year and a five year > chart.Extrapolation on both of these imply that the next > move is down. In summary:C= quarterly eps growing but > irregularA= growing in last two years (this smoothes out the > irregular quarters)N= Moved from bridge building to newer > storage tanks including use for cryogenic and > microelectronicsS = ???? 21 million shares outstanding > (47,000 traded/day). Market Cap = $549 million.L = Is #2 in > group #63I = appears a little weak ( but they have been > sneaking in since 02 July)M= Quick rotating market I need to > see a little more action up or down before I would commit > or avoid this one, but it is certainly a good candidate to > watch. > > ----- Original Message ----- > From: Ian > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 3:38 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > In light of the fact that these are extraordinary > times, I'll throw one out with a terribly ugly > chart, but very solid current and forward CANSLIM > fundamentals ... (and besides, I love their name - > the Engineer in me has always wanted to buy stocks > like this): CBI-NYSE, Chicago Bridge and Iron I am > particularly intrigued by the combination of a > strong grwing backlog, relatively low historical > valuation and a sustained recent increase in ADV. > However, the chart is awful. Any opinions on this > one? Ian BTW - I qualify these as 'extraordinary > times' because I've had no trouble finding strong > groups/sectors/stocks at any point in the last few > years, until this past June. It amazes me that > everything can be weak simultaneously. > > ----- Original Message ----- > From: Vanchee1@aol.com > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 11:38 > AM > Subject: Re: [CANSLIM] Identifying NEW > leaders > Here is one similar to CHTT, what do > you think. > > DLI, Rev last qtr of 93 mil, EPS of > .53, dept/equity .97, shrs out 8.6, > float 4.7 > > CHTT Rev last qtr of 58 mil, EPS of .58, > dept/equity 4.03, shrs out 9.5, float > 8.1 > > CHTT does have double the margin but > much more dept. comments > > Chris > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 17:33:10 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00C3_01C23E38.7FDBD800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ian:=20 For CBI, there is certainly the cup (May 2001 to June 2002) and handle = 17 May to 02 Aug of 2002. A curious item is the 1 million shares traded (2 and 34 July 2002) in = the handle. What is needed now is EXPLOSIVE price moment and volume in the next day = or two before the handle becomes long in the tooth. The cup has been very long (11 months) and the handle also has been very = long. If anyone disagrees with items in any of these notes, please say so. Someone else may view items stated in a completely different light.=20 That is how we can help each other. ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 5:31 PM Subject: Re: [CANSLIM] Identifying NEW leaders Winston. Thank you for the analysis. One thing I would add is that the = forward estimates are strong - $2.30-$2.35 for this year, and backlog is = up 25% from Dec 31. IMHO, the chart that has the most positive potential is the 2-year = weekly chart. It has the potential to show a strong C&H, where it is = currently at the bottom of the H and just around 15% below the handle = high. But it definitely needs to develop futher, and would have to move = through $33 on a good increase in ADV. I also see the weekly moving averages still trending up. Why do your = long-term charts point down? Thanks again, Ian ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 1:45 PM Subject: Re: [CANSLIM] Identifying NEW leaders CBI was offered for comment. My viiews are: Earnings cause some concern. Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also = had a loss of (-$0.13). The last four quarters were all positive and strong ($1.91), but I = could not find a pattern in the flow of earnings. Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 = and Q2 of 2002, again making me uneasy. Looking at the price-volume chart, I see relatively light trading (I = prefer at least 80,000 to 100,000 shares/day). Some increase occurs at about 02 July, but on an irregular basis. Price had been falling from 14 May until 23 July, then turned up. Last three days were down. Next I looked at a three year and a five year chart. Extrapolation on both of these imply that the next move is down. In summary: C=3D quarterly eps growing but irregular A=3D growing in last two years (this smoothes out the irregular = quarters) N=3D Moved from bridge building to newer storage tanks including use = for cryogenic and microelectronics S =3D ???? 21 million shares outstanding (47,000 traded/day). = Market Cap =3D $549 million. L =3D Is #2 in group #63 I =3D appears a little weak ( but they have been sneaking in since = 02 July) M=3D Quick rotating market I need to see a little more action up or down before I would commit = or avoid this one, but it is certainly a good candidate to watch. ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll = throw one out with a terribly ugly chart, but very solid current and = forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_00C3_01C23E38.7FDBD800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ian:
For CBI, there is certainly = the cup (May=20 2001 to June 2002) and handle 17 May to 02 Aug of = 2002.
A curious item is the 1 million shares traded = (2 and 34=20 July 2002) in the handle.
What is needed now is EXPLOSIVE price moment and = volume in the=20 next day or two before the handle becomes long in the = tooth.
The cup has been very long (11 months) and the = handle also has=20 been very long.
 
If anyone disagrees with items in any of these = notes,=20 please say so.
Someone else may view items stated in a completely = different=20 light. 
That is how we can help each other.
 
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 5:31=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Winston. Thank you for the analysis. One thing I = would add=20 is that the forward estimates are strong - $2.30-$2.35 for this year, = and=20 backlog is up 25% from Dec 31.
 
IMHO, the chart that has the most positive = potential is the=20 2-year weekly chart. It has the potential to show a strong C&H,=20 where it is currently at the bottom of the H and just around 15% = below=20 the handle high. But it definitely needs to develop futher, and would = have to=20 move through $33 on a good increase in ADV.
 
I also see the weekly moving averages still = trending up. Why=20 do your long-term charts point down?
 
Thanks again,
 
Ian
 
 
 
 
----- Original Message -----
From:=20 Winston=20 Little
Sent: Wednesday, August 07, = 2002 1:45=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

CBI was offered for comment.
 
My viiews are:
 
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18) =  and Q2=20 of 2001 also had a loss of (-$0.13).
The last four quarters were all positive and = strong=20 ($1.91), but I could not find a pattern in the flow of=20 earnings.
Revenues grew in all four quarters of 2000 and = 2001, then=20 fell in Q1 and Q2 of 2002, again making me uneasy.
 
Looking at the price-volume chart, I see = relatively light=20 trading (I prefer at least 80,000 to 100,000 = shares/day).
Some increase occurs at about 02 July, but on an = irregular=20 basis.
Price had been falling from 14 May until 23 = July, then=20 turned up.
Last three days were down.
Next I looked at a three year and a five year=20 chart.
Extrapolation on both of these imply that the = next move is=20 down.
 
In summary:
C=3D quarterly eps growing but = irregular
A=3D growing in last two years (this smoothes = out the=20 irregular quarters)
N=3D Moved from bridge building to newer storage = tanks=20 including use for cryogenic and microelectronics
S =3D ????   21 million shares = outstanding (47,000=20 traded/day). Market Cap =3D $549 million.
L =3D Is #2 in group #63
I =3D appears a little weak ( but they have been = sneaking in=20 since 02 July)
M=3D Quick rotating market
 
I need to see a little more  action up or = down before=20 I would commit or avoid this one, but it is certainly a good = candidate=20 to watch.
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): = CBI-NYSE,=20 Chicago Bridge and Iron
 
I am particularly intrigued by the combination = of a=20 strong grwing backlog, relatively low historical valuation and a = sustained=20 recent increase in ADV. However, the chart is awful. Any opinions = on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in=20 the last few years, until this past June. It amazes me that = everything can=20 be weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August = 07, 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is = one similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 = mil, EPS=20 of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev = last=20 qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_00C3_01C23E38.7FDBD800-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 16:43:39 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0169_01C23E31.94C4CBC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, I withdraw my request for you to post a weekly 'hunting' = list. Gene ------=_NextPart_000_0169_01C23E31.94C4CBC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine, I withdraw my request for = you to post=20 a weekly 'hunting' list.
 
Gene
------=_NextPart_000_0169_01C23E31.94C4CBC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] cup w/o handle Date: 07 Aug 2002 17:52:26 -0400 Bill, Mike, Charlie, Thanks. Ann ----- Original Message ----- Sent: Wednesday, August 07, 2002 3:30 PM : Ann, : : I think the whole issue with the cup w/o a handle comes to this. Have all : the sellers finished selling? The problem with no handle is the chance of a : big pullback as the previous shareholder get out for good after sitting : through that darned cup. With a handle of lower volume, there is less risk : of a pullback. Most of the sellers are done IMO. : : So, I'm no expert at this but, I might want to see the volume dryup a bit as : it climbs the right side near the top - then increased volume as it breaks : to new ground. Add to that, the fundies had better be perfect for added : insurance against the lack of a handle. : : Note: I find the no handle issue fits with the double bottom charts better : as the stock's had ample time to shake out the sellers : : -Bill : : ----- Original Message ----- : From: "Ann" : To: : Sent: Wednesday, August 07, 2002 12:15 PM : Subject: Re: [CANSLIM] cup w/o handle : : : > Mike, : > : > Sorry if I'm missing something, but aren't you talking about cup With : > handle? : > Or are you saying that, in the cup With handle the drop in volume occurs : in : > the handle, and in the cup Without handle it occurs on the right side of : the : > cup (at least part of the time)? : > : > : > Ann : > : > ----- Original Message ----- : > From: "Mike Gibbons" : > To: : > Sent: Wednesday, August 07, 2002 2:35 PM : > Subject: RE: [CANSLIM] cup w/o handle, churning : > : > : > : Hi Ann, : > : : > : Perhaps the key to getting your understanding of this nailed is to : analyze : > : the phrase from your posting "but I had in my notes ... that the volume : > : should dry up on the R-side of a Cup-without-Handle." : > : : > : As I understand it, the volume should be above the 50 ADV on at least a : > few : > : days as it comes up the right side of the cup and those days should be : > : accompanied by a price increase. Once the handle has started to form, : you : > : now want the volume to drop below the 50 ADV on most days. In : particular, : > : you don't want to see above average volume accompanied by large downward : > : price moves, as this is a sign of weakness. (Katherine pointed this out : > : earlier). : > : : > : If you run the chart selector that I posted yesterday, you will see that : > the : > : stocks selected are given a CQ rating. This is a metric that attempts to : > : quantify the qualities I mentioned in the previous paragraph. (see my : > : earlier post today also). : > : : > : Aloha, : > : : > : Mike Gibbons : > : Proactive Technologies, LLC : > : http://www.proactech.com : > : : > : : > : -----Original Message----- : > : From: owner-canslim@lists.xmission.com : > : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : > : Sent: Wednesday, August 07, 2002 6:49 AM : > : To: CANSLIM Listserv : > : Subject: [CANSLIM] cup w/o handle, churning : > : : > : : > : Thanks, Charley, Mike, Patrick, Nancy, Katherine, : > : : > : This is such a great list. It's amazing to be able to post questions and : > get : > : all these prompt and helpful replies. Thank you, all. : > : : > : My questions arose, when I was looking at the charts in Chapter 13 of : > : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of : the : > : charts point out "strong up weeks on big volume" on the R-side of the : cup, : > : but I had in my notes (possibly from Investors' Corner, as I think : Charley : > : suggests) that the volume should dry up on the R-side of a : > : Cup-without-Handle. : > : : > : But, as I look over all the charts (and these are charts that WON picked : > : because the stocks flew after breakout), no one chart has ALL the : > : characteristics you should look for. For example, in the CSCO chart (p. : > : 158), the RS line was not at an all-time high before the stock took off : in : > : '95. : > : : > : I guess the moral of the story is that you have to take a preponderance : of : > : indicators, and not just get stuck over one of them missing. (But then, : > that : > : "one" could later prove to be your downfall!! Alas!). : > : : > : Thanks again, : > : : > : Ann : > : : > : : > : - : > : -To subscribe/unsubscribe, email "majordomo@xmission.com" : > : -In the email body, write "subscribe canslim" or : > : -"unsubscribe canslim". Do not use quotes in your email. : > : : > : : > : - : > : -To subscribe/unsubscribe, email "majordomo@xmission.com" : > : -In the email body, write "subscribe canslim" or : > : -"unsubscribe canslim". Do not use quotes in your email. : > : > : > - : > -To subscribe/unsubscribe, email "majordomo@xmission.com" : > -In the email body, write "subscribe canslim" or : > -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: wkeuffel@xmission.com Subject: [CANSLIM] WSJ.com - Tyco Spent Millions for Benefit Of Kozlowski , Its Former CEO Date: 07 Aug 2002 15:13:35 -0700 (PDT) ------=_Part_123719_-956786561.1028758415795 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Content-Disposition: INLINE *Please note, the sender's email address has not been verified. This article about how Tyco's Dennis Kozlowski spent Tyco's money like his own is mind-boggling. Warren ******************** If you are having trouble with any of the links in this message, or if the URL's are not appearing as links, please follow the instructions at the bottom of this email. 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This article about how Tyco's Dennis Kozlowski spent Tyco's money like his own is mind-boggling.

Warren

  
   
   
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------=_Part_123719_-956786561.1028758415795-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 18:29:58 EDT --part1_132.12042742.2a82f966_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit ZillaGirl: You asked if I would try to explain the double/triple bottom. This is just my opinion but I suspect they are formations that started out to be cups with handles and were mutated along the way. They start with the selloff at a point of price resistance, which is technical talk meaning the sellers overpowered the buyers, or simply, more sellers came to the party than buyers. (When I see this happening I feel like the smart buyers are just taking a profit they helped to create. Nothing basically wrong with the stock, its just time to move some money from the table.) At some point the price looks so attractive the buyers return. They are buying a company they like at discount prices. With volume, the price moves up the right side and crosses the mid point between the high and low prices. The something unexpected happens. It could be troubling news about the company or the market, and the buyers turn to sellers and the price heads south again. This time, the stock makes a new low, maybe one or two points below the old low. The buyers look for the all clear and resume buying. Now it gets tricky for CANSLIMers. As the price exceeds the middle of the W, the buy rules kick in. However, it is possible for a double bottom to form a handle at this stage, and if it does, then the buy signal changes to the peak, plus .10, of the right leg of the W. As I under it, the rare triple bottom is the same as a double bottom, but with one more sell off. Charley --part1_132.12042742.2a82f966_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit ZillaGirl: You asked if I would try to explain the double/triple bottom. This is just my opinion but I suspect they are formations that started out to be cups with handles and were mutated along the way.
They start with the selloff at a point of price resistance, which is technical talk meaning the sellers overpowered the buyers, or simply, more sellers came to the party than buyers. (When I see this happening I feel like the smart buyers are just taking a profit they helped to create. Nothing basically wrong with the stock, its just time to move some money from the table.) At some point the price looks so attractive the buyers return. They are buying a company they like at discount prices.
With volume, the price moves up the right side and crosses the mid point between the high and low prices. The something unexpected happens. It could be troubling news about the company or the market, and the buyers turn to sellers and the price heads south again. This time, the stock makes a new low, maybe one or two points below the old low. The buyers look for the all clear and resume buying. Now it gets tricky for CANSLIMers. As the price exceeds the middle of the W, the buy rules kick in. However, it is possible for a double bottom to form a handle at this stage, and if it does, then the buy signal changes to the peak, plus .10, of the right leg of the W.

As I under it, the rare triple bottom is the same as a double bottom, but with one more sell off.

Charley --part1_132.12042742.2a82f966_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 15:38:02 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0058_01C23E28.6A495540 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I agree- all these things are great-I'm seeing it more and more as I = read and post. My question is, what would be the harm of adding say the = top two or three stocks from each interested persons list( who would = choose to participate)-to be dissected by the group. A person like me = who is relatively new to canslim would probably have my stocks shot down = right away. But I would learn from that. But some of the smarter = canslimers on the site, who have a lot more time and knowledge, or = computer savvy could probably pinpoint the possible great ones from the = O.K. ones easily, where I would never see it at this point. I went = to see Bill Oneil in L.A. and he said even he needed a 3 year learning = curve before he started to get the system and become profitable. I know = there are not many good stocks right now , but hypothetically -if the = market turns in 6 months and leaders start to emerge in a year or so- = this type of brainstorming may give all boats a chance to rise with the = tide. Otherwise , any of us that haven't had the three year curve may = very well miss a great buying opportunity. My last point I will make is = that if we step out of our analytical minds- Ex. what is canslim , what = is a cup, what is a break out, etc.- What is really happening is that = if people can learn to make a fair number of successful trades using = this system or this list then lives are changed for the better. Kids = can go to college-homes are bought- good medical care is available. I = know when many people are grouped together there will never be 100% = agreement but several people have said they would consider it. It = doesn't take all- just a few with knowledge. I don't see how anyone = would lose from sharing their knowledge-where would we all be if Bill O. = felt that way. Even he puts out lists- I will stop with this = thought-What if Katherine had the next AOL in her sites and you didn't. = Would anyone here want to miss it because she felt like as long as she = found it the rest was not her problem. Thanks for letting me put my = point out there. Nancy ----- Original Message -----=20 From: David Taggart=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 1:09 PM Subject: RE: [CANSLIM] Identifying NEW leaders I like how the list has been most of the time. If you want to post a = list that is made up of mostly canslim stocks more power to you if you = dont thats fine too. If someone has a question regarding a stock as = long as it is Canslimish then go ahead. And if you have any other = questions or lessons post away. Its a good group that seems to be = willing to answer any questions regarding CANSLIM and things related to = growth stocks and trading in general. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Wednesday, August 07, 2002 1:55 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Two groups have emerged. One group is asking for help with tutorial discussion of a = "potential list", the other group stating that the purpose of this board = is not to identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock = (maximum of two for the entire group each day, first come first served). = The person posting, MUST give some background on the stock and some = listing of what makes the person believe it is a potential for the day's = CANSLIM discussion. Once posted with the necessary background information, discussion on = the merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for = others, good opportunity for some others to hone their skills as = constructive reviews evolved, opportunity to get different perspectives = while action is occurring (in contrast with the IBD Monday Morning = quarterbacking such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues = served up. Agree? Disagree? Nonsense?=20 Flawed proposal? ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll = throw one out with a terribly ugly chart, but very solid current and = forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_0058_01C23E28.6A495540 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I agree- all these things are great-I'm = seeing it=20 more and more as I read and post.  My question is, what would be = the harm=20 of adding say the top two or three stocks from each  = interested=20 persons list( who would choose to participate)-to be dissected by = the=20 group. A person like me who is relatively new to canslim would = probably=20 have my stocks shot down right away.  But I would = learn from=20 that.    But some of the smarter canslimers on the site, = who have=20 a lot more time  and knowledge, or computer savvy could = probably=20 pinpoint the possible great ones from the O.K. ones easily, where I = would=20 never see it at this point.     I went to see Bill = Oneil in=20 L.A. and he said even he needed a 3 year learning curve before he = started to get=20 the system and become profitable.  I know there are not many good = stocks=20 right now , but hypothetically  -if the market turns in 6 months = and=20 leaders start to emerge in a year or so- this type of brainstorming may = give all=20 boats a chance to rise with the tide.  Otherwise , any of us = that=20 haven't had the three year curve may very well miss a great buying=20 opportunity.  My last point I will make is that if we step out of = our=20 analytical minds- Ex. what is  canslim , what is a cup, what is a = break=20 out, etc.-  What is really happening is that if people can learn to = make a=20 fair number of successful trades using this system or this list then = lives are=20 changed for the better.  Kids can go to college-homes are bought- = good=20 medical care is available.  I know when many people are grouped = together=20 there will never be 100% agreement but several people have said = they would=20 consider it. It doesn't take all- just a few with knowledge. I = don't=20 see how anyone would lose from sharing their knowledge-where = would we=20 all be if Bill O. felt that way. Even he puts out lists-  I = will stop=20 with this thought-What if Katherine had the next AOL in her sites and = you=20 didn't.  Would anyone here want to miss it because she felt=20 like as long as she found it the rest was not her problem.  = Thanks for=20 letting me put my point out there. Nancy
----- Original Message -----
From:=20 David Taggart
Sent: Wednesday, August 07, = 2002 1:09=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

I=20 like how the list has been most of the time.  If you want to post = a list=20 that is made up of mostly canslim stocks more power to you if you dont = thats=20 fine too.  If someone has a question regarding a stock as long as = it is=20 Canslimish then go ahead.  And if you have any other questions or = lessons=20 post away.  Its a good group that seems to be willing to answer = any=20 questions regarding CANSLIM and things related to growth stocks and = trading in=20 general.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston = Little
Sent: Wednesday, August 07, 2002 1:55 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Two groups have emerged.
One group is asking for help with tutorial = discussion=20 of a "potential list", the other group stating that the purpose = of this=20 board is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire = group each=20 day, first come first served).
The person posting, MUST give some background on = the stock=20 and some listing of what makes the person believe it is a potential = for the=20 day's CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could = follow.
Benefits would be good review for some people, = good=20 tutorial for others, good opportunity for some others to = hone their=20 skills as constructive reviews evolved, opportunity to get different = perspectives while action is occurring (in contrast with the IBD = Monday=20 Morning quarterbacking such as the cup with or without=20 handles).
At the end of the day, discussion ends on the = one or two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): = CBI-NYSE,=20 Chicago Bridge and Iron
 
I am particularly intrigued by the combination = of a=20 strong grwing backlog, relatively low historical valuation and a = sustained=20 recent increase in ADV. However, the chart is awful. Any opinions = on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in=20 the last few years, until this past June. It amazes me that = everything can=20 be weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August = 07, 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is = one similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 = mil, EPS=20 of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev = last=20 qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_0058_01C23E28.6A495540-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 18:45:57 EDT --part1_11f.148bb162.2a82fd25_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Winston and others. I am always willing to share whatever knowledge I have with anyone willing to learn. (It is my experience that the teacher always learns more than the student.) Some five years ago I urged our investment club to create a prospect list and assign companies to members for evaluation. It sounds good, but it just doesn't work. The basic problem is that companies rise and fall too rapidly. It is particularly difficult in a bear market. In a good bull market you can do pretty good with a dart and a page from the stock listings. Personally, I rather like looking at stocks brought up by the group randomly. Usually it is a stock I have not seen, or have brushed over while scanning. For my own list I download it weekly from DGO. Charley --part1_11f.148bb162.2a82fd25_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Winston and others.
I am always willing to share whatever knowledge I have with anyone willing to learn. (It is my experience that the teacher always learns more than the student.) Some five years ago I urged our investment club to create a prospect list and assign companies to members for evaluation. It sounds good, but it just doesn't work. The basic problem is that companies rise and fall too rapidly. It is particularly difficult in a bear market. In a good bull market you can do pretty good with a dart and a page from the stock listings.
Personally, I rather like looking at stocks brought up by the group randomly. Usually it is a stock I have not seen, or have brushed over while scanning. For my own list I download it weekly from DGO.

Charley --part1_11f.148bb162.2a82fd25_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] cup w/o handle Date: 07 Aug 2002 13:41:30 -0700 Bill-thats great - I get that also!!!(I'm amazed) Can you tell me what would cause it to go into a double bottom, and not a handle? It seems that if it had the strength to climb all the way up the right side of the cup-it would not go all the way back down-it is even stranger with a triple bottom. Any thoughts? ----- Original Message ----- Sent: Wednesday, August 07, 2002 12:30 PM > Ann, > > I think the whole issue with the cup w/o a handle comes to this. Have all > the sellers finished selling? The problem with no handle is the chance of a > big pullback as the previous shareholder get out for good after sitting > through that darned cup. With a handle of lower volume, there is less risk > of a pullback. Most of the sellers are done IMO. > > So, I'm no expert at this but, I might want to see the volume dryup a bit as > it climbs the right side near the top - then increased volume as it breaks > to new ground. Add to that, the fundies had better be perfect for added > insurance against the lack of a handle. > > Note: I find the no handle issue fits with the double bottom charts better > as the stock's had ample time to shake out the sellers > > -Bill > > ----- Original Message ----- > From: "Ann" > To: > Sent: Wednesday, August 07, 2002 12:15 PM > Subject: Re: [CANSLIM] cup w/o handle > > > > Mike, > > > > Sorry if I'm missing something, but aren't you talking about cup With > > handle? > > Or are you saying that, in the cup With handle the drop in volume occurs > in > > the handle, and in the cup Without handle it occurs on the right side of > the > > cup (at least part of the time)? > > > > > > Ann > > > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Wednesday, August 07, 2002 2:35 PM > > Subject: RE: [CANSLIM] cup w/o handle, churning > > > > > > : Hi Ann, > > : > > : Perhaps the key to getting your understanding of this nailed is to > analyze > > : the phrase from your posting "but I had in my notes ... that the volume > > : should dry up on the R-side of a Cup-without-Handle." > > : > > : As I understand it, the volume should be above the 50 ADV on at least a > > few > > : days as it comes up the right side of the cup and those days should be > > : accompanied by a price increase. Once the handle has started to form, > you > > : now want the volume to drop below the 50 ADV on most days. In > particular, > > : you don't want to see above average volume accompanied by large downward > > : price moves, as this is a sign of weakness. (Katherine pointed this out > > : earlier). > > : > > : If you run the chart selector that I posted yesterday, you will see that > > the > > : stocks selected are given a CQ rating. This is a metric that attempts to > > : quantify the qualities I mentioned in the previous paragraph. (see my > > : earlier post today also). > > : > > : Aloha, > > : > > : Mike Gibbons > > : Proactive Technologies, LLC > > : http://www.proactech.com > > : > > : > > : -----Original Message----- > > : From: owner-canslim@lists.xmission.com > > : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann > > : Sent: Wednesday, August 07, 2002 6:49 AM > > : To: CANSLIM Listserv > > : Subject: [CANSLIM] cup w/o handle, churning > > : > > : > > : Thanks, Charley, Mike, Patrick, Nancy, Katherine, > > : > > : This is such a great list. It's amazing to be able to post questions and > > get > > : all these prompt and helpful replies. Thank you, all. > > : > > : My questions arose, when I was looking at the charts in Chapter 13 of > > : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of > the > > : charts point out "strong up weeks on big volume" on the R-side of the > cup, > > : but I had in my notes (possibly from Investors' Corner, as I think > Charley > > : suggests) that the volume should dry up on the R-side of a > > : Cup-without-Handle. > > : > > : But, as I look over all the charts (and these are charts that WON picked > > : because the stocks flew after breakout), no one chart has ALL the > > : characteristics you should look for. For example, in the CSCO chart (p. > > : 158), the RS line was not at an all-time high before the stock took off > in > > : '95. > > : > > : I guess the moral of the story is that you have to take a preponderance > of > > : indicators, and not just get stuck over one of them missing. (But then, > > that > > : "one" could later prove to be your downfall!! Alas!). > > : > > : Thanks again, > > : > > : Ann > > : > > : > > : - > > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > > : -In the email body, write "subscribe canslim" or > > : -"unsubscribe canslim". Do not use quotes in your email. > > : > > : > > : - > > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > > : -In the email body, write "subscribe canslim" or > > : -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 19:07:19 EDT --part1_151.1216fa07.2a830227_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene, thanks for at least listening to our need for help. I wish you hadn't thrown in the towel but I understand the resistance to change, unhealthy but typical. This group is beyond my current understanding of CANSLIM terminology and in the interest of not looking the fool, I'll just have to lurk. Thanks once again, Kris --part1_151.1216fa07.2a830227_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene, thanks for at least listening to our need for help. I wish you hadn't thrown in the towel but I understand the resistance to change, unhealthy but typical.

This group is beyond my current understanding of CANSLIM terminology and in the interest of not looking the fool, I'll just have to lurk.

Thanks once again,
Kris --part1_151.1216fa07.2a830227_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 18:12:48 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_06DC_01C23E3E.099CF150 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks, Gene....glad you feel that way. I think the folks that would benefit most are the newbies (new to = CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. The veterans have their own methodologies already in place and wouldn't = use it anyway. I don't pay attention to any of the lists that are = posted, but do get something out of the discussion on individual stocks = and more general CANSLIM and investing topics. I've posted the hunting list several times before, but until the 7/22 = list, did not filter it for RS and relationship to 50 and 200 day moving = averages before uploading. More than anything, the list was designed to = provide links to charts and the CANSLIM evaluators and to provide a = starting point if anybody wanted to start their own permanent personal = watchlist. Unfortunately, IBD has changed their linking mechanism and = there is no longer a way to build an auto link to each individual stock. = My intent on 7/22 in filtering further for minimum technicals was done = as a way to create some focus on what *might* be working given there had = been some discussion on the list about that very topic and that the = market appeared to be groping for a bottom. Katherine ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 4:43 PM Katherine, I withdraw my request for you to post a weekly 'hunting' = list. Gene ------=_NextPart_000_06DC_01C23E3E.099CF150 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies (new to = CANSLIM,=20 that is)....but they need to learn to develop their mining skills as = part of=20 learning CANSLIM, so I think a weekly list would be more of a crutch = than a=20 help. There are as many ways to mine for stocks as there are fish = in the=20 sea, so finding a path that fits the person is far more = powerful.=20 There's often discussion on the list devoted to tools and methods for = developing=20 a personal watchlist and in the end is more productive than simply = posting a=20 list.
 
The veterans have their own methodologies already in place and = wouldn't use=20 it anyway. I don't pay attention to any of the lists that are posted, = but do get=20 something out of the discussion on individual stocks and more general = CANSLIM=20 and investing topics.
 
I've posted the hunting list several times before, but until the = 7/22 list,=20 did not filter it for RS and relationship to 50 and 200 day moving = averages=20 before uploading. More than anything, the list was designed to provide = links to=20 charts and the CANSLIM evaluators and to provide a starting point if = anybody=20 wanted to start their own permanent personal watchlist. Unfortunately, = IBD has=20 changed their linking mechanism and there is no longer a way to build an = auto=20 link to each individual stock. My intent on 7/22 in filtering further = for=20 minimum technicals was done as a way to create some focus on what = *might*=20 be working given there had been some discussion on the list about that = very=20 topic and that the market appeared to be groping for a bottom.
 
Katherine
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Katherine, I withdraw my request for = you to post=20 a weekly 'hunting' list.
 
Gene
------=_NextPart_000_06DC_01C23E3E.099CF150-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 19:15:45 EDT --part1_126.14dcde8b.2a830421_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kris: There certainly nothing wrong with lurking, but may I offer a suggestion? You have not said if you have read O'Neil's two books How to Make Money in Stocks and 24 Essential Lessons for Investment Success. This is how most of us got started. The problem I had after I read the books was that there was no place to go to ask questions. This forum fills that need. I have found that most participants are willing to share their knowledge. Good Luck Charley --part1_126.14dcde8b.2a830421_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kris: There certainly nothing wrong with lurking, but may I offer a suggestion? You have not said if you have read O'Neil's two books How to Make Money in Stocks and 24 Essential Lessons for Investment Success. This is how most of us got started. The problem I had after I read the books was that there was no place to go to ask questions. This forum fills that need. I have found that most participants are willing to share their knowledge.
Good Luck       Charley --part1_126.14dcde8b.2a830421_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 16:22:41 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C23E2E.A750BFE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Charlie-I appreciate you taking the time to walk me through that. = Nancy ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:29 PM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions ZillaGirl: You asked if I would try to explain the double/triple = bottom. This is just my opinion but I suspect they are formations that = started out to be cups with handles and were mutated along the way.=20 They start with the selloff at a point of price resistance, which is = technical talk meaning the sellers overpowered the buyers, or simply, = more sellers came to the party than buyers. (When I see this happening I = feel like the smart buyers are just taking a profit they helped to = create. Nothing basically wrong with the stock, its just time to move = some money from the table.) At some point the price looks so attractive = the buyers return. They are buying a company they like at discount = prices.=20 With volume, the price moves up the right side and crosses the mid = point between the high and low prices. The something unexpected happens. = It could be troubling news about the company or the market, and the = buyers turn to sellers and the price heads south again. This time, the = stock makes a new low, maybe one or two points below the old low. The = buyers look for the all clear and resume buying. Now it gets tricky for = CANSLIMers. As the price exceeds the middle of the W, the buy rules kick = in. However, it is possible for a double bottom to form a handle at this = stage, and if it does, then the buy signal changes to the peak, plus = .10, of the right leg of the W.=20 As I under it, the rare triple bottom is the same as a double bottom, = but with one more sell off.=20 Charley ------=_NextPart_000_0008_01C23E2E.A750BFE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Charlie-I appreciate you taking = the time to=20 walk me through that. Nancy
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Wednesday, August 07, = 2002 3:29=20 PM
Subject: Re: [CANSLIM]=20 cup-without-handle; "tightness" questions

ZillaGirl: = You asked if=20 I would try to explain the double/triple bottom. This is just my = opinion but I=20 suspect they are formations that started out to be cups with handles = and were=20 mutated along the way.
They start with the selloff at a point of = price=20 resistance, which is technical talk meaning the sellers overpowered = the=20 buyers, or simply, more sellers came to the party than buyers. (When I = see=20 this happening I feel like the smart buyers are just taking a profit = they=20 helped to create. Nothing basically wrong with the stock, its just = time to=20 move some money from the table.) At some point the price looks so = attractive=20 the buyers return. They are buying a company they like at discount = prices.=20
With volume, the price moves up the right side and crosses the mid = point=20 between the high and low prices. The something unexpected happens. It = could be=20 troubling news about the company or the market, and the buyers turn to = sellers=20 and the price heads south again. This time, the stock makes a new low, = maybe=20 one or two points below the old low. The buyers look for the all clear = and=20 resume buying. Now it gets tricky for CANSLIMers. As the price exceeds = the=20 middle of the W, the buy rules kick in. However, it is possible for a = double=20 bottom to form a handle at this stage, and if it does, then the buy = signal=20 changes to the peak, plus .10, of the right leg of the W.

As I = under=20 it, the rare triple bottom is the same as a double bottom, but with = one more=20 sell off.

Charley
------=_NextPart_000_0008_01C23E2E.A750BFE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 18:29:19 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0710_01C23E40.57C60720 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable John, Great article....I had visions of dancing elephants as I read it... Thanks for reminding that "N" is about "N"ew and new comes in many = forms, elephants included! Katherine ----- Original Message -----=20 From: jch=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 2:00 PM Subject: RE: [CANSLIM] Identifying NEW leaders So if you wonder what's the "N" in P & G see Business Week 8/12/02 pg = 58--a Gillette type product--SpinBrush----hyperlink follows: http://www.businessweek.com/magazine/content/02_32/b3795072.htm John Heiman Don't overlook the soap :) =20 Aloha, =20 Mike Gibbons Proactive Technologies, LLC http://www.proactech.com=20 -----Original Message-----=20 From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller=20 Sent: Tuesday, August 06, 2002 4:34 PM=20 To: canslim@lists.xmission.com=20 Subject: RE: [CANSLIM] Identifying NEW leaders I think this was basically WON's point in the K&C Interview. He = concluded that without tax incentives for new businesses, a new leading = group may be a long way off. However, since my bride's 401K is = primarily made up of P&G stock, I'm happy to see them showing the = remaining industries their backside!=20 =20 As for the beer, I'm doing my part!=20 =20 Duke=20 -----Original Message-----=20 From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley=20 Sent: Tuesday, August 06, 2002 8:50 PM=20 To: canslim@lists.xmission.com=20 Subject: Re: [CANSLIM] Identifying NEW leaders I will wade into this topic just a little. I have never found = consumer groups to be sustainable leaders. They are defensive, and some = are less cyclical than others (we got to eat, smoke, drink, take baths, = do laundry, etc after all, at least I hope so!!). I have seen the = Financials provide a strong secondary leadership at times, even lasting = months, but that is also not a sector I fully trust as true leaders to = turn this "M" around. I think the key will remain whatever group can = demonstrate sustained revenue and earnings growth that puts the rest of = the groups / sectors to shame. So far, none are showing that to me.=20 =20 ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 7:46 PM=20 Subject: Re: [CANSLIM] Identifying NEW leaders If we have to look toward beer and soap to lead the market, it = won't be pretty.....=20 =20 Jon=20 ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 06, 2002 5:12 PM=20 Subject: RE: [CANSLIM] Identifying NEW leaders WON did say that consumer groups might likely lead us out of the = abyss. And if you pulled up today's SOD, there's a good chance you = almost fell out of your chair as I did. It lists the top 20 Up/Down = Volume leaders, to wit:=20 =20 This screen lists leading stocks in leading industries with an = up/down volume ratio of at least 1.0, which indicates buying volume has = exceeded selling volume in recent months. The ratio can be found daily = in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per = Share Rating Relative Price Strength Rating of at least 80, an Industry = Group Relative Strength Rating of at least "B-" and an SMR Rating of = "A." All stocks are within 20% of a 52-week high.=20 =20 There are three consumer products companies therein: BUD, DL, = STZ, and PG (that one made me fall out of my chair).=20 =20 --- ----- --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 ------=_NextPart_000_0710_01C23E40.57C60720 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
John,
 
Great article....I had visions of dancing elephants as I read = it...
 
Thanks for reminding that "N" is about "N"ew and new comes in many = forms,=20 elephants included!
 
Katherine
----- Original Message -----
From:=20 jch
Sent: Wednesday, August 07, = 2002 2:00=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

So if you wonder what's the "N" in P & G see = Business Week=20 8/12/02 pg 58--a Gillette type product--SpinBrush----hyperlink=20 follows:

http://www.businessweek.com/magazine/content/02_32/b37= 95072.htm

John=20 Heiman
Don't overlook the soap :)
 
Aloha,
 
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com=20
-----Original Message-----=20
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On = Behalf Of=20 Duke Miller=20
Sent: Tuesday, August 06, 2002 4:34 PM=20
To: canslim@lists.xmission.com=20
Subject: RE: [CANSLIM] Identifying NEW = leaders
I think this was basically WON's point in the K&C = Interview. =20 He concluded that without tax incentives for new businesses, a new = leading=20 group may be a long way off.  However, since my bride's 401K = is=20 primarily made up of P&G stock, I'm happy to see them showing = the=20 remaining industries their backside!=20
=20
As for the beer, I'm doing my part!=20
=20
Duke=20
-----Original Message-----=20
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On = Behalf Of=20 Tom Worley=20
Sent: Tuesday, August 06, 2002 8:50 PM=20
To: canslim@lists.xmission.com=20
Subject: Re: [CANSLIM] Identifying NEW = leaders
I will wade into this topic just a little. I have never found = consumer=20 groups to be sustainable leaders. They are defensive, and some are = less=20 cyclical than others (we got to eat, smoke, drink, take baths, do = laundry,=20 etc after all, at least I hope so!!).  I have seen the = Financials=20 provide a strong secondary leadership at times, even lasting = months, but=20 that is also not a sector I fully trust as true leaders to turn = this "M"=20 around.  I think the key will remain whatever group can = demonstrate=20 sustained revenue and earnings growth that puts the rest of the = groups /=20 sectors to shame. So far, none are showing that to me.=20
=20
----- Original Message -----=20
From: J. = Lobatto=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 7:46 PM=20
Subject: Re: [CANSLIM] Identifying NEW = leaders

If we have to look toward beer and soap to lead the market, it = won't=20 be pretty.....=20
=20
Jon=20
----- Original Message -----=20
From: Duke = Miller=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 5:12 PM=20
Subject: RE: [CANSLIM] Identifying NEW = leaders

WON did say that consumer groups might likely lead us out of = the=20 abyss.  And if you pulled up today's SOD, there's a good = chance you=20 almost fell out of your chair as I did.  It lists the top 20 = Up/Down=20 Volume leaders, to wit:=20
=20
This screen lists leading stocks in leading industries with an = up/down volume ratio of at least 1.0, = which=20 indicates buying volume has exceeded selling volume in recent = months. The=20 ratio can be found daily in IBD's Stock Checkup for all stocks. = Stocks=20 shown have an Earnings Per Share Rating Relative Price Strength Rating of at = least 80, an=20 Industry Group Relative Strength Rating = of at=20 least "B-" and an SMR Rating of "A." All stocks are = within 20% of a=20 52-week high.=20
=20
There are three consumer products companies therein:  = BUD, DL,=20 STZ, and PG (that one made me fall out of my chair).=20
=20


 

---



---
Outgoing mail is certified Virus Free.
Checked by = AVG=20 anti-virus system (http://www.grisoft.com).
Version: 6.0.381 / = Virus=20 Database: 214 - Release Date: 8/2/2002
------=_NextPart_000_0710_01C23E40.57C60720-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 20:14:28 EDT --part1_1bf.a1cd5f7.2a8311e4_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Charley, I've read both books and both revisions of HTMMIS. I've also spent many hours at the IBD Learning Center. I guess you've been involved with CANSLIM for too long a time and have forgotten what it took to get a feel for the concepts. I'm frustrated with the lack of help when folks ask for it and then get rebuffed when their request doesn't fit the mold. If you really believe that we can find the stocks to watch do you then ask yourselves why we don't do it instead of pleading for it? Yes, I'm on the outside looking in. --part1_1bf.a1cd5f7.2a8311e4_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Charley, I've read both books and both revisions of HTMMIS. I've also spent many hours at the IBD Learning Center. I guess you've been involved with CANSLIM for too long a time and have forgotten what it took to get a feel for the concepts. I'm frustrated with the lack of help when folks ask for it and then get rebuffed when their request doesn't fit the mold. If you really believe that we can find the stocks to watch do you then ask yourselves why we don't do it instead of pleading for it? Yes, I'm on the outside looking in. --part1_1bf.a1cd5f7.2a8311e4_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 07 Aug 2002 19:36:28 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_073C_01C23E49.B939E8B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kris, I'm confused by your comments, as I think the list has a good history of = answering questions when folks ask. There are times when we point = someone to a reference rather than rewrite what is already written, but = I don't recall seeing posts that don't get answered. If there are no = responses, there are a few folks who do a "sweep" and post a response, = Tom being the most dedicated at doing this. Do you have any specific questions that you've asked and haven't been = attended to? Where are your sticking points with CANSLIM? If you can = articulate them for us, we can get some threads going. Believe it or = not, there are about 300 people on this list. I'd be hard pressed to = believe that there wouldn't be somebody out there, lurkers included, who = couldn't step up and help you up the learning curve. Katherine ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 7:14 PM Charley, I've read both books and both revisions of HTMMIS. I've also = spent many hours at the IBD Learning Center. I guess you've been = involved with CANSLIM for too long a time and have forgotten what it = took to get a feel for the concepts. I'm frustrated with the lack of = help when folks ask for it and then get rebuffed when their request = doesn't fit the mold. If you really believe that we can find the stocks = to watch do you then ask yourselves why we don't do it instead of = pleading for it? Yes, I'm on the outside looking in.=20 ------=_NextPart_000_073C_01C23E49.B939E8B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kris,
 
I'm confused by your comments, as I think the list has a good = history of=20 answering questions when folks ask. There are times when we point = someone to=20 a reference rather than rewrite what is already written, but I = don't recall=20 seeing posts that don't get answered. If there are no responses, = there are=20 a few folks who do a "sweep" and post a response, Tom being the most = dedicated=20 at doing this.
 
Do you have any specific questions that you've asked and haven't = been=20 attended to? Where are your sticking points with CANSLIM? If you can = articulate=20 them for us, we can get some threads going. Believe it or not, there are = about=20 300 people on this list. I'd be hard pressed to believe that there = wouldn't be=20 somebody out there, lurkers included, who couldn't step up and help you = up the=20 learning curve.
 
Katherine
 
----- Original Message -----=20
From: KrisFg@aol.com =
Sent: Wednesday, August 07, 2002 7:14 PM
Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Charley, I've read both books and both revisions of = HTMMIS.=20 I've also spent many hours at the IBD Learning Center. I guess you've = been=20 involved with CANSLIM for too long a time and have forgotten what it = took to get=20 a feel for the concepts. I'm frustrated with the lack of help when folks = ask for=20 it and then get rebuffed when their request doesn't fit the mold. If you = really=20 believe that we can find the stocks to watch do you then ask yourselves = why we=20 don't do it instead of pleading for it? Yes, I'm on the outside looking = in.=20 ------=_NextPart_000_073C_01C23E49.B939E8B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 07 Aug 2002 21:10:40 EDT --part1_c5.27015194.2a831f10_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, Nancy articulated my thoughts while I was struggling with my post. ---- My question is, what would be the harm of adding say the top two or three stocks from each interested persons list( who would choose to participate)-to be dissected by the group. A person like me who is relatively new to canslim would probably have my stocks shot down right away. -----But some of the smarter canslimers on the site, who have a lot more time and knowledge, or computer savvy could probably pinpoint the possible great ones from the O.K. ones easily, where I would never see it at this point. ----- Bill Oneil said even he needed a 3 year learning curve before he started to get the system and become profitable. ----- If the market turns in 6 months and leaders start to emerge in a year or so- this type of brainstorming may give all boats a chance to rise with the tide. Otherwise , any of us that haven't had the three year curve may very well miss a great buying opportunity. -----I don't see how anyone would lose from sharing their knowledge-where would we all be if Bill O. felt that way. Even he puts out lists- Please rid yourself of the thought that I would use a list as a crutch instead of something to gather knowledge. Kris --part1_c5.27015194.2a831f10_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, Nancy articulated my thoughts while I was struggling with my post.

---- My question is, what would be the harm of adding say the top two or three stocks from each  interested persons list( who would choose to participate)-to be dissected by the group. A person like me who is relatively new to canslim would probably have my stocks shot down right away. 
-----But some of the smarter canslimers on the site, who have a lot more time  and knowledge, or computer savvy could probably pinpoint the possible great ones from the O.K. ones easily, where I would never see it at this point.  
----- Bill Oneil said even he needed a 3 year learning curve before he started to get the system and become profitable.
----- If the market turns in 6 months and leaders start to emerge in a year or so- this type of brainstorming may give all boats a chance to rise with the tide.  Otherwise , any of us that haven't had the three year curve may very well miss a great buying opportunity.
-----I don't see how anyone would lose from sharing their knowledge-where would we all be if Bill O. felt that way. Even he puts out lists- 

Please rid yourself of the thought that I would use a list as a crutch instead of something to gather knowledge.

Kris --part1_c5.27015194.2a831f10_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 21:23:55 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00A0_01C23E58.BF26F240 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit There's another N at P&G that you'll more than likely be reading about soon...Crest WhiteStrips. -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of jch Sent: Wednesday, August 07, 2002 3:00 PM So if you wonder what's the "N" in P & G see Business Week 8/12/02 pg 58--a Gillette type product--SpinBrush----hyperlink follows: http://www.businessweek.com/magazine/content/02_32/b3795072.htm John Heiman Don't overlook the soap :) Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Tuesday, August 06, 2002 4:34 PM I think this was basically WON's point in the K&C Interview. He concluded that without tax incentives for new businesses, a new leading group may be a long way off. However, since my bride's 401K is primarily made up of P&G stock, I'm happy to see them showing the remaining industries their backside! As for the beer, I'm doing my part! Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Tuesday, August 06, 2002 8:50 PM I will wade into this topic just a little. I have never found consumer groups to be sustainable leaders. They are defensive, and some are less cyclical than others (we got to eat, smoke, drink, take baths, do laundry, etc after all, at least I hope so!!). I have seen the Financials provide a strong secondary leadership at times, even lasting months, but that is also not a sector I fully trust as true leaders to turn this "M" around. I think the key will remain whatever group can demonstrate sustained revenue and earnings growth that puts the rest of the groups / sectors to shame. So far, none are showing that to me. ----- Original Message ----- Sent: Tuesday, August 06, 2002 7:46 PM If we have to look toward beer and soap to lead the market, it won't be pretty..... Jon ----- Original Message ----- Sent: Tuesday, August 06, 2002 5:12 PM WON did say that consumer groups might likely lead us out of the abyss. And if you pulled up today's SOD, there's a good chance you almost fell out of your chair as I did. It lists the top 20 Up/Down Volume leaders, to wit: This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which indicates buying volume has exceeded selling volume in recent months. The ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80, an Industry Group Relative Strength Rating of at least "B-" and an SMR Rating of "A." All stocks are within 20% of a 52-week high. There are three consumer products companies therein: BUD, DL, STZ, and PG (that one made me fall out of my chair). --- ------=_NextPart_000_00A0_01C23E58.BF26F240 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
There's another = N at=20 P&G that you'll more than likely be reading about = soon...Crest=20 WhiteStrips. 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of jch
Sent: Wednesday, August 07, 2002 = 3:00=20 PM
To: canslim@lists.xmission.com
Subject: RE: = [CANSLIM]=20 Identifying NEW leaders

So if you wonder what's = the "N" in=20 P & G see Business Week 8/12/02 pg 58--a Gillette type=20 product--SpinBrush----hyperlink follows:

http://www.businessweek.com/magazine/content/02_32/b37= 95072.htm

John=20 Heiman
Don't overlook the soap :)
 
Aloha,
 
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com=20
-----Original Message-----=20
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On = Behalf Of=20 Duke Miller=20
Sent: Tuesday, August 06, 2002 4:34 PM=20
To: canslim@lists.xmission.com=20
Subject: RE: [CANSLIM] Identifying NEW = leaders
I think this was basically WON's point in the K&C = Interview. =20 He concluded that without tax incentives for new businesses, a new = leading=20 group may be a long way off.  However, since my bride's 401K = is=20 primarily made up of P&G stock, I'm happy to see them showing = the=20 remaining industries their backside!=20
=20
As for the beer, I'm doing my part!=20
=20
Duke=20
-----Original Message-----=20
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On = Behalf Of=20 Tom Worley=20
Sent: Tuesday, August 06, 2002 8:50 PM=20
To: canslim@lists.xmission.com=20
Subject: Re: [CANSLIM] Identifying NEW = leaders
I will wade into this topic just a little. I have never found = consumer=20 groups to be sustainable leaders. They are defensive, and some are = less=20 cyclical than others (we got to eat, smoke, drink, take baths, do = laundry,=20 etc after all, at least I hope so!!).  I have seen the = Financials=20 provide a strong secondary leadership at times, even lasting = months, but=20 that is also not a sector I fully trust as true leaders to turn = this "M"=20 around.  I think the key will remain whatever group can = demonstrate=20 sustained revenue and earnings growth that puts the rest of the = groups /=20 sectors to shame. So far, none are showing that to me.=20
=20
----- Original Message -----=20
From: J. = Lobatto=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 7:46 PM=20
Subject: Re: [CANSLIM] Identifying NEW = leaders

If we have to look toward beer and soap to lead the market, it = won't=20 be pretty.....=20
=20
Jon=20
----- Original Message -----=20
From: Duke = Miller=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 5:12 PM=20
Subject: RE: [CANSLIM] Identifying NEW = leaders

WON did say that consumer groups might likely lead us out of = the=20 abyss.  And if you pulled up today's SOD, there's a good = chance you=20 almost fell out of your chair as I did.  It lists the top 20 = Up/Down=20 Volume leaders, to wit:=20
=20
This screen lists leading stocks in leading industries with an = up/down volume ratio of at least 1.0, = which=20 indicates buying volume has exceeded selling volume in recent = months. The=20 ratio can be found daily in IBD's Stock Checkup for all stocks. = Stocks=20 shown have an Earnings Per Share Rating Relative Price Strength Rating of at = least 80, an=20 Industry Group Relative Strength Rating = of at=20 least "B-" and an SMR Rating of "A." All stocks are = within 20% of a=20 52-week high.=20
=20
There are three consumer products companies therein:  = BUD, DL,=20 STZ, and PG (that one made me fall out of my chair).=20
=20


 

---


------=_NextPart_000_00A0_01C23E58.BF26F240-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 21:22:59 EDT --part1_91.2133ac2b.2a8321f3_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kris: I suspect most of us share your frustration. I have been in cash for some time because I can't find anything that will buck this down spiraling market. Since I wont invest for the time being I spend my time sifting through stocks that make through my screen. For what its worth about 50% of the stocks on my list are small banks, S&L's and REIT's; not what I'm looking for. If you would like some stocks to review that have been screened by IBD, look at "Stocks in the News". These are essentially the same one's that show up on my lists when I use DGO each Saturday. Think about it. IBD ranks several thousand companies using the Smart Select system. Most of us set screens that will pick up the top 200 or so companies, at the top of the Smart Select List. This means you have access to the same stocks that everyone else does simply by using the Smart Select to set your screen. There are those of us, like Tom, who prefers micocap companies. He and I fish in the same pond, but for different fish. Once a week Tom gives us a report on the stocks on his list. From time to time, Katherine shares her specialized list, and someone is always asking for an opinion about a stock. Since this is no time to be putting money in the market, why not go through IBD looking at the highlighted stocks each day. That is what we are doing. There is no secret list somewhere; its right at your fingertips. Charley --part1_91.2133ac2b.2a8321f3_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kris: I suspect most of us share your frustration. I have been in cash for some time because I can't find anything that will buck this down spiraling market. Since I wont invest for the time being I spend my time sifting through stocks that make through my screen. For what its worth about 50% of the stocks on my list are small banks, S&L's and REIT's; not what I'm looking for.
If you would like some stocks to review that have been screened by IBD, look at "Stocks in the News". These are essentially the same one's that show up on my lists when I use DGO each Saturday.
Think about it. IBD ranks several thousand companies using the Smart Select system. Most of us set screens that will pick up the top 200 or so companies, at the top of the Smart Select List. This means you have access to the same stocks that everyone else does simply by using the Smart Select to set your screen.
There are those of us, like Tom, who prefers micocap companies. He and I fish in the same pond, but for different fish. Once a week Tom gives us a report on the stocks on his list. From time to time, Katherine shares her specialized list, and someone is always asking for an opinion about a stock.
Since this is no time to be putting money in the market, why not go through IBD looking at the highlighted stocks each day. That is what we are doing. There is no secret list somewhere; its right at your fingertips.

Charley --part1_91.2133ac2b.2a8321f3_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 21:26:07 EDT --part1_96.2a932a35.2a8322af_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Duke: I think you are on to something. We received a sample pack with our newspaper. Charley --part1_96.2a932a35.2a8322af_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Duke: I think you are on to something. We received a sample pack with our newspaper. Charley --part1_96.2a932a35.2a8322af_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 22:26:20 -0400 Patrick and Ann, I don't recall ever hearing about a handleless cup as a valid CANSLIM pattern. Is this something only IBD sees, or can someone quote WON also supporting this as a valid pattern? ----- Original Message ----- Sent: Wednesday, August 07, 2002 12:30 PM I don't know this for sure, but I think you might be referring to an article where the IBD pulled out an example of a stock that blasted off from a cup pattern without first forming a handle and said that not all stocks form a handle. This is the sort of thing that IBD does that I find a little questionable ( and Duke has been good at pointing this stuff out), and that is to do an after the fact analysis and justify it on shaky grounds. If a stock spiked up from a cup with no handle and then failed, I could easily see IBD saying -see, no handle, this is the sort of thing you have to watch out for, this stock should not have been bought. So I think the easy answer is that if it doesn't form a handle and takes off, let it go, wiat for the next one, you don't have to catch everything, look for the sounder pattern. On 7 Aug 2002 at 12:14, Ann wrote: > Maybe I didn't form my question right. How do I know, as the cup forms its > right side and approaches the previous high, whether it's going to be a cup > with a handle or without a handle? What if I am waiting for a handle to > form, but it doesn't form and goes straight to breaking out? Then it has > formed a cup-without-handle, but I have missed the breakout. Or do you just > have to be there at the time it is breaking out or catch it within 5%? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] BLUD -- LLUR candidate? Date: 07 Aug 2002 22:38:35 -0400 Warren, I think I have noted BLUD as a LLUR several times in my WWW column, but never dug into any due diligence on it. The issues you cite are ones that should be resolved before anyone gets serious about it, esp in this market, because they could blow up without notice. I do think they have had some non recurring charges that may affect the ROE calculation. I like their sequential growth both top and bottom line. ----- Original Message ----- Sent: Wednesday, August 07, 2002 12:00 PM Whatcha think of BLUD? Seems to be almost immune (bad pun on the co. name) to the downdrafts in the M market. Of course, little things -- like a -41% ROE, a LT debt/equity ratio 450+% higher than the rest of its industry -- might make some people queasy. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 21:36:34 -0500 Tom, From the August 6th Investors Corner "Cup Without A Handle Can Yield Large Profits", 8th paragraph: "Cups without handles have a somewhat higher failure rate, but they can work." As Ann has pointed out, I don't think the pattern is easily used to make money but we all know how IBD uses hindsight. norm ----- Original Message ----- Sent: Wednesday, August 07, 2002 9:26 PM > Patrick and Ann, > > I don't recall ever hearing about a handleless cup as a valid CANSLIM > pattern. Is this something only IBD sees, or can someone quote WON also > supporting this as a valid pattern? > > ----- Original Message ----- > From: "Patrick Wahl" > To: > Sent: Wednesday, August 07, 2002 12:30 PM > Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions > > > I don't know this for sure, but I think you might be referring to an article > where the > IBD pulled out an example of a stock that blasted off from a cup pattern > without first > forming a handle and said that not all stocks form a handle. This is the > sort of thing > that IBD does that I find a little questionable ( and Duke has been good at > pointing > this stuff out), and that is to do an after the fact analysis and justify it > on shaky > grounds. If a stock spiked up from a cup with no handle and then failed, I > could > easily see IBD saying -see, no handle, this is the sort of thing you have to > watch out > for, this stock should not have been bought. > > So I think the easy answer is that if it doesn't form a handle and takes > off, let it go, > wiat for the next one, you don't have to catch everything, look for the > sounder > pattern. > > On 7 Aug 2002 at 12:14, Ann wrote: > > > Maybe I didn't form my question right. How do I know, as the cup forms its > > right side and approaches the previous high, whether it's going to be a > cup > > with a handle or without a handle? What if I am waiting for a handle to > > form, but it doesn't form and goes straight to breaking out? Then it has > > formed a cup-without-handle, but I have missed the breakout. Or do you > just > > have to be there at the time it is breaking out or catch it within 5%? > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Expensing Stock Options Date: 07 Aug 2002 22:41:15 -0400 might have been archived? aside from that, only other possibility that comes to mind is they discovered it was not accurate ----- Original Message ----- Sent: Wednesday, August 07, 2002 12:51 PM I'm interested in this topic, Tom, but getting this message: "This article has been removed at the request of the news provider, Dow Jones Business News." Wonder why they pulled it? Tom Worley wrote: > Nice summary report of companies that have made any announcements on this > topic recently > > http://biz.yahoo.com/djus/020807/200208070815000375_1.html > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 19:47:37 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0045_01C23E4B.47FB0E20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine-I know I said my last post on the subject would be my last, = but please let me respond to your post. First , you know I respect your = knowledge greatly-as do others on the board and I hope you see this post = in the spirit it was meant and not argumentative. "need to develop = mining skills" That taught me a lot. "many ways to mine"- that taught = me more. " tools and methodology are discussed"- almost always I do = not understand. When Gene sent his list today - once more I could not = get it to show up on my screen and as always have not a clue why. " = Veterans wouldn't use it anyway" I can really see the importance of all = the veterans ignoring each others work even if the newcomers would eat = it up and learn a lot from it -a definite waste of time. "Did not = filter" - what the hell is that. "Uploading" what the hell is that. = Linking mechanism and no longer build an auto link" since they go hand = in hand-what the hell are they. I don't mean to be disrespectful-If you = feel that I am, you already have an apology of mine on file. I just = want you to see, one time, what this board looks like through my eyes. = I'm pretty sure that Chris and I are not the only ones in this boat = because you say three hundred people are on this list but the same few = people post over and over about stuff that I guess they already know = because they don't want to even discuss other peoples stuff. Please = forgive me but I am not an engineer, or a lawyer, or a stockbroker. I'm = just a plain ordinary girl trying to learn a trading system and I am = really thinking I am way out of my league on this list. God Bless the = ones that got the brains because apparently I am not amongst them. = From one of the other 275 people. Respectfully- Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:12 PM Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Thanks, Gene....glad you feel that way. I think the folks that would benefit most are the newbies (new to = CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. The veterans have their own methodologies already in place and = wouldn't use it anyway. I don't pay attention to any of the lists that = are posted, but do get something out of the discussion on individual = stocks and more general CANSLIM and investing topics. I've posted the hunting list several times before, but until the 7/22 = list, did not filter it for RS and relationship to 50 and 200 day moving = averages before uploading. More than anything, the list was designed to = provide links to charts and the CANSLIM evaluators and to provide a = starting point if anybody wanted to start their own permanent personal = watchlist. Unfortunately, IBD has changed their linking mechanism and = there is no longer a way to build an auto link to each individual stock. = My intent on 7/22 in filtering further for minimum technicals was done = as a way to create some focus on what *might* be working given there had = been some discussion on the list about that very topic and that the = market appeared to be groping for a bottom. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine, I withdraw my request for you to post a weekly 'hunting' = list. Gene ------=_NextPart_000_0045_01C23E4B.47FB0E20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine-I know I said my last post on = the subject=20 would be my last, but please let me respond to your post.  First , = you know=20 I respect your knowledge greatly-as do others on the board and I hope = you see=20 this post in the spirit it was meant and not argumentative.   = "need to=20 develop mining skills"  That taught me a lot.  "many ways to = mine"-=20 that taught me more.   " tools and methodology are discussed"- = almost=20 always I do not understand.  When Gene sent his list today - once = more I=20 could not get it to show up on my screen and as always have not a clue=20 why. " Veterans wouldn't use it anyway"  I can really see the=20 importance of all the veterans ignoring each others work  even if = the=20 newcomers would eat it up and learn a lot from it -a definite waste of=20 time.   "Did not filter"  - what the hell is that. =20 "Uploading" what the hell is that.  Linking mechanism and no longer = build=20 an auto link"  since they go hand in hand-what the hell are = they.  I=20 don't mean to be disrespectful-If you feel that I am, you already have = an=20 apology of mine on file.  I just want you to see, one time, = what  this=20 board looks like through my eyes. I'm pretty sure that Chris and I are = not the=20 only ones in this boat because you say three hundred people are on this = list but=20 the same few people post over and over about stuff that I guess  = they=20 already know because they don't want to even discuss other peoples = stuff. =20 Please forgive me but I am not an engineer, or a lawyer, or a = stockbroker. =20 I'm just a plain ordinary girl trying to learn a trading system and I am = really thinking  I am  way out of my league on this list. = God=20 Bless the ones that   got the brains because apparently I am = not=20 amongst them.  From one of the other 275 people.  = Respectfully-=20 Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, August 07, = 2002 4:12=20 PM
Subject: RE: [CANSLIM] Hunting = List (nee=20 Watchlist) - Holy Tomatoes

Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies (new to = CANSLIM, that is)....but they need to learn to develop their mining = skills as=20 part of learning CANSLIM, so I think a weekly list would be more of a = crutch=20 than a help. There are as many ways to mine for stocks as there = are fish=20 in the sea, so finding a path that fits the person is far = more=20 powerful. There's often discussion on the list devoted to tools and = methods=20 for developing a personal watchlist and in the end is more productive = than=20 simply posting a list.
 
The veterans have their own methodologies already in place and = wouldn't=20 use it anyway. I don't pay attention to any of the lists that are = posted, but=20 do get something out of the discussion on individual stocks and more = general=20 CANSLIM and investing topics.
 
I've posted the hunting list several times before, but until the = 7/22=20 list, did not filter it for RS and relationship to 50 and 200 day = moving=20 averages before uploading. More than anything, the list was designed = to=20 provide links to charts and the CANSLIM evaluators and to provide a = starting=20 point if anybody wanted to start their own permanent personal = watchlist.=20 Unfortunately, IBD has changed their linking mechanism and there is no = longer=20 a way to build an auto link to each individual stock. My intent on = 7/22 in=20 filtering further for minimum technicals was done as a way to = create some=20 focus on what *might* be working given there had been some discussion = on the=20 list about that very topic and that the market appeared to be groping = for a=20 bottom.
 
Katherine
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Katherine, I withdraw my request for = you to=20 post a weekly 'hunting' list.
 
Gene
------=_NextPart_000_0045_01C23E4B.47FB0E20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 22:42:58 -0400 Hi, Tom, I've just read the 3rd edition of HTMMIS, and it's in there. On page 127, in the section called, "Basic Characteristics of Handle Areas" in the chapter called, "How to Read Charts Like an Expert and Improve your Stock Picks", WON says: "The formation of the handle area generally takes more than one or two weeks and has a downward price drift or shakeout...Volume will dry up noticeably near the lows in the handle's price pullback phase. "There are a few exceptions: Cups without handles have a somewhat higher failure rate, although many stocks do successfully advance without forming a handle. Also, some of the more volatile technology names in 1999 formed handles of only one or two weeks..." Also, in the chapter entitled, "Models of the Greatest Stock Market Winners: 1952-2001," where he shows model charts, there is a section, "Cup-Without-Handle Pattern," on pages 161-162, in which he shows 8 charts. "Cup-Without-Handle Pattern" is even an entry in the index!! In HTMMIS, 2nd ed., WON mentions cups without handles on page 164. I hope this helps! Ann ----- Original Message ----- Sent: Wednesday, August 07, 2002 10:26 PM : Patrick and Ann, : : I don't recall ever hearing about a handleless cup as a valid CANSLIM : pattern. Is this something only IBD sees, or can someone quote WON also : supporting this as a valid pattern? : : ----- Original Message ----- : From: "Patrick Wahl" : To: : Sent: Wednesday, August 07, 2002 12:30 PM : Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : : : I don't know this for sure, but I think you might be referring to an article : where the : IBD pulled out an example of a stock that blasted off from a cup pattern : without first : forming a handle and said that not all stocks form a handle. This is the : sort of thing : that IBD does that I find a little questionable ( and Duke has been good at : pointing : this stuff out), and that is to do an after the fact analysis and justify it : on shaky : grounds. If a stock spiked up from a cup with no handle and then failed, I : could : easily see IBD saying -see, no handle, this is the sort of thing you have to : watch out : for, this stock should not have been bought. : : So I think the easy answer is that if it doesn't form a handle and takes : off, let it go, : wiat for the next one, you don't have to catch everything, look for the : sounder : pattern. : : On 7 Aug 2002 at 12:14, Ann wrote: : : > Maybe I didn't form my question right. How do I know, as the cup forms its : > right side and approaches the previous high, whether it's going to be a : cup : > with a handle or without a handle? What if I am waiting for a handle to : > form, but it doesn't form and goes straight to breaking out? Then it has : > formed a cup-without-handle, but I have missed the breakout. Or do you : just : > have to be there at the time it is breaking out or catch it within 5%? : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] HTMMIS charts Date: 07 Aug 2002 22:53:26 -0400 One difference between the 2nd and 3rd eds. of HTMMIS is that in the 3rd, WON puts the sample charts into sections, according to the kind of base formation the chart demonstrates. However, in the 2nd ed., he has only two sections:"Examples of Great Winners to Guide You" and "Sell or Short-selling Models." I don't remember seeing that last one before. (I guess it was too far beyond me when I read the 2nd ed!) The way he showed the type of chart in the 2nd ed. was to show the span of the base and label the type of formation right on the chart. At times it would say "CUP WITH HANDLE" and at times it said "CUP". Perhaps that was my friend, "Cup-without-Handle." I like the way he marks the bases in the 3rd edition with A (left rim), B (bottom of cup), C (right rim), and D (buy point). Ann ----- Original Message ----- Sent: Wednesday, August 07, 2002 10:26 PM : Patrick and Ann, : : I don't recall ever hearing about a handleless cup as a valid CANSLIM : pattern. Is this something only IBD sees, or can someone quote WON also : supporting this as a valid pattern? : : ----- Original Message ----- : From: "Patrick Wahl" : To: : Sent: Wednesday, August 07, 2002 12:30 PM : Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : : : I don't know this for sure, but I think you might be referring to an article : where the : IBD pulled out an example of a stock that blasted off from a cup pattern : without first : forming a handle and said that not all stocks form a handle. This is the : sort of thing : that IBD does that I find a little questionable ( and Duke has been good at : pointing : this stuff out), and that is to do an after the fact analysis and justify it : on shaky : grounds. If a stock spiked up from a cup with no handle and then failed, I : could : easily see IBD saying -see, no handle, this is the sort of thing you have to : watch out : for, this stock should not have been bought. : : So I think the easy answer is that if it doesn't form a handle and takes : off, let it go, : wiat for the next one, you don't have to catch everything, look for the : sounder : pattern. : : On 7 Aug 2002 at 12:14, Ann wrote: : : > Maybe I didn't form my question right. How do I know, as the cup forms its : > right side and approaches the previous high, whether it's going to be a : cup : > with a handle or without a handle? What if I am waiting for a handle to : > form, but it doesn't form and goes straight to breaking out? Then it has : > formed a cup-without-handle, but I have missed the breakout. Or do you : just : > have to be there at the time it is breaking out or catch it within 5%? : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 23:07:38 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_009C_01C23E67.39A7FF60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, the reason I don't support or participate in putting together a = "group list" (whether for hunting or watching) (and aside from my weekly = list in my WWW column) is that my personal shopping list is tailored to = my own tastes, criteria, biases, preferences, etc. So many would dislike = it, and most would find stocks on it outside their personal preferences, = biases, etc since I only do small and micro cap stocks that are usually = also low priced (all under $20) and frequently illiquid. On the other hand, when I do my weekend review and list, I set aside my = personal biases and preferences because I am trying to get the flavor = and taste of CANSLIM. Thus, you will see banks there, but never on my = personal list, as just one example. The point of that list is to look at = charts that meet requirements of high RS and EPS, and see if there is a = basing pattern present. For the same reason, I have no interest in anyone else's list. Their = preferences, criteria, minimum requirements, etc are not mine. I am glad = to look at, and occasionally comment on, a particular stock mentioned = (especially when the poster explains why it is liked for CANSLIM = reasons), but I have neither the time nor interest in going thru a big = list. ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 6:38 PM I agree- all these things are great-I'm seeing it more and more as I = read and post. My question is, what would be the harm of adding say the = top two or three stocks from each interested persons list( who would = choose to participate)-to be dissected by the group. A person like me = who is relatively new to canslim would probably have my stocks shot down = right away. But I would learn from that. But some of the smarter = canslimers on the site, who have a lot more time and knowledge, or = computer savvy could probably pinpoint the possible great ones from the = O.K. ones easily, where I would never see it at this point. I went = to see Bill Oneil in L.A. and he said even he needed a 3 year learning = curve before he started to get the system and become profitable. I know = there are not many good stocks right now , but hypothetically -if the = market turns in 6 months and leaders start to emerge in a year or so- = this type of brainstorming may give all boats a chance to rise with the = tide. Otherwise , any of us that haven't had the three year curve may = very well miss a great buying opportunity. My last point I will make is = that if we step out of our analytical minds- Ex. what is canslim , what = is a cup, what is a break out, etc.- What is really happening is that = if people can learn to make a fair number of successful trades using = this system or this list then lives are changed for the better. Kids = can go to college-homes are bought- good medical care is available. I = know when many people are grouped together there will never be 100% = agreement but several people have said they would consider it. It = doesn't take all- just a few with knowledge. I don't see how anyone = would lose from sharing their knowledge-where would we all be if Bill O. = felt that way. Even he puts out lists- I will stop with this = thought-What if Katherine had the next AOL in her sites and you didn't. = Would anyone here want to miss it because she felt like as long as she = found it the rest was not her problem. Thanks for letting me put my = point out there. Nancy ----- Original Message -----=20 From: David Taggart=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 1:09 PM Subject: RE: [CANSLIM] Identifying NEW leaders I like how the list has been most of the time. If you want to post a = list that is made up of mostly canslim stocks more power to you if you = dont thats fine too. If someone has a question regarding a stock as = long as it is Canslimish then go ahead. And if you have any other = questions or lessons post away. Its a good group that seems to be = willing to answer any questions regarding CANSLIM and things related to = growth stocks and trading in general. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Wednesday, August 07, 2002 1:55 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Two groups have emerged. One group is asking for help with tutorial discussion of a = "potential list", the other group stating that the purpose of this board = is not to identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock = (maximum of two for the entire group each day, first come first served). = The person posting, MUST give some background on the stock and some = listing of what makes the person believe it is a potential for the day's = CANSLIM discussion. Once posted with the necessary background information, discussion on = the merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for = others, good opportunity for some others to hone their skills as = constructive reviews evolved, opportunity to get different perspectives = while action is occurring (in contrast with the IBD Monday Morning = quarterbacking such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues = served up. Agree? Disagree? Nonsense?=20 Flawed proposal? ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll = throw one out with a terribly ugly chart, but very solid current and = forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_009C_01C23E67.39A7FF60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy, the reason I don't support or participate = in=20 putting together a "group list" (whether for hunting or watching) (and = aside=20 from my weekly list in my WWW column) is that my personal shopping list = is=20 tailored to my own tastes, criteria, biases, preferences, etc. So many = would=20 dislike it, and most would find stocks on it outside their personal = preferences,=20 biases, etc since I only do small and micro cap stocks that are usually = also low=20 priced (all under $20) and frequently illiquid.
 
On the other hand, when I do my weekend review = and list, I=20 set aside my personal biases and preferences because I am trying to get = the=20 flavor and taste of CANSLIM. Thus, you will see banks there, but never = on my=20 personal list, as just one example. The point of that list is to look at = charts=20 that meet requirements of high RS and EPS, and see if there is a basing = pattern=20 present.
 
For the same reason, I have no interest in = anyone else's=20 list. Their preferences, criteria, minimum requirements, etc are not = mine. I am=20 glad to look at, and occasionally comment on, a particular stock = mentioned=20 (especially when the poster explains why it is liked for CANSLIM = reasons), but I=20 have neither the time nor interest in going thru a big = list.
 
----- Original Message -----=20
From: zillagirl
Sent: Wednesday, August 07, 2002 6:38 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

I agree- all these things are great-I'm = seeing it=20 more and more as I read and post.  My question is, what would be = the harm=20 of adding say the top two or three stocks from each  = interested=20 persons list( who would choose to participate)-to be dissected by = the=20 group. A person like me who is relatively new to canslim would = probably=20 have my stocks shot down right away.  But I would = learn from=20 that.    But some of the smarter canslimers on the site, = who have=20 a lot more time  and knowledge, or computer savvy could = probably=20 pinpoint the possible great ones from the O.K. ones easily, where I = would=20 never see it at this point.     I went to see Bill = Oneil in=20 L.A. and he said even he needed a 3 year learning curve before he = started to get=20 the system and become profitable.  I know there are not many good = stocks=20 right now , but hypothetically  -if the market turns in 6 months = and=20 leaders start to emerge in a year or so- this type of brainstorming may = give all=20 boats a chance to rise with the tide.  Otherwise , any of us = that=20 haven't had the three year curve may very well miss a great buying=20 opportunity.  My last point I will make is that if we step out of = our=20 analytical minds- Ex. what is  canslim , what is a cup, what is a = break=20 out, etc.-  What is really happening is that if people can learn to = make a=20 fair number of successful trades using this system or this list then = lives are=20 changed for the better.  Kids can go to college-homes are bought- = good=20 medical care is available.  I know when many people are grouped = together=20 there will never be 100% agreement but several people have said = they would=20 consider it. It doesn't take all- just a few with knowledge. I = don't=20 see how anyone would lose from sharing their knowledge-where = would we=20 all be if Bill O. felt that way. Even he puts out lists-  I = will stop=20 with this thought-What if Katherine had the next AOL in her sites and = you=20 didn't.  Would anyone here want to miss it because she felt=20 like as long as she found it the rest was not her problem.  = Thanks for=20 letting me put my point out there. Nancy
----- Original Message -----
From:=20 David Taggart
Sent: Wednesday, August 07, = 2002 1:09=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

I=20 like how the list has been most of the time.  If you want to post = a list=20 that is made up of mostly canslim stocks more power to you if you dont = thats=20 fine too.  If someone has a question regarding a stock as long as = it is=20 Canslimish then go ahead.  And if you have any other questions or = lessons=20 post away.  Its a good group that seems to be willing to answer = any=20 questions regarding CANSLIM and things related to growth stocks and = trading in=20 general.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston = Little
Sent: Wednesday, August 07, 2002 1:55 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Two groups have emerged.
One group is asking for help with tutorial = discussion=20 of a "potential list", the other group stating that the purpose = of this=20 board is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire = group each=20 day, first come first served).
The person posting, MUST give some background on = the stock=20 and some listing of what makes the person believe it is a potential = for the=20 day's CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could = follow.
Benefits would be good review for some people, = good=20 tutorial for others, good opportunity for some others to = hone their=20 skills as constructive reviews evolved, opportunity to get different = perspectives while action is occurring (in contrast with the IBD = Monday=20 Morning quarterbacking such as the cup with or without=20 handles).
At the end of the day, discussion ends on the = one or two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): = CBI-NYSE,=20 Chicago Bridge and Iron
 
I am particularly intrigued by the combination = of a=20 strong grwing backlog, relatively low historical valuation and a = sustained=20 recent increase in ADV. However, the chart is awful. Any opinions = on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in=20 the last few years, until this past June. It amazes me that = everything can=20 be weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August = 07, 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is = one similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 = mil, EPS=20 of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev = last=20 qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_009C_01C23E67.39A7FF60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 23:11:50 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00B1_01C23E67.CF88AE30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Winston, nice idea which I could support with reservations. I would hate = for a newcomer seriously trying to learn CANSLIM be prevented from = discussing a stock he/she has found simply because it is the third one = mentioned that day, especially if the first two turned out to be dogs. As an alternative idea, a year or two ago, some members that wanted to = discuss technical analysis in more depth formed a new group for this. = Didn't seem to harm this group, but took the discussion to a different = forum. That could be done with this as well, form a "stock of the day" = discussion group. ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 3:54 PM Two groups have emerged. One group is asking for help with tutorial discussion of a "potential = list", the other group stating that the purpose of this board is not to = identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock (maximum of = two for the entire group each day, first come first served).=20 The person posting, MUST give some background on the stock and some = listing of what makes the person believe it is a potential for the day's = CANSLIM discussion. Once posted with the necessary background information, discussion on the = merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for others, = good opportunity for some others to hone their skills as constructive = reviews evolved, opportunity to get different perspectives while action = is occurring (in contrast with the IBD Monday Morning quarterbacking = such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues served = up. Agree? Disagree? Nonsense?=20 Flawed proposal? ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw = one out with a terribly ugly chart, but very solid current and forward = CANSLIM fundamentals ... (and besides, I love their name - the Engineer = in me has always wanted to buy stocks like this): CBI-NYSE, Chicago = Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out = 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out = 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_00B1_01C23E67.CF88AE30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Winston, nice idea which I could support with=20 reservations. I would hate for a newcomer seriously trying to learn = CANSLIM be=20 prevented from discussing a stock he/she has found simply because it is = the=20 third one mentioned that day, especially if the first two turned out to = be=20 dogs.
 
As an alternative idea, a year or two ago, some = members=20 that wanted to discuss technical analysis in more depth formed a new = group for=20 this. Didn't seem to harm this group, but took the discussion to a = different=20 forum. That could be done with this as well, form a "stock of the day"=20 discussion group.
 
----- Original Message -----=20
From: Winston=20 Little
Sent: Wednesday, August 07, 2002 3:54 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

Two groups have emerged.
One group is asking for help with tutorial = discussion of=20 a "potential list", the other group stating that the purpose of = this board=20 is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire group = each day,=20 first come first served).
The person posting, MUST give some background on the = stock and=20 some listing of what makes the person believe it is a potential for the = day's=20 CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could follow.
Benefits would be good review for some people, good = tutorial=20 for others, good opportunity for some others to hone their skills = as=20 constructive reviews evolved, opportunity to get different perspectives = while=20 action is occurring (in contrast with the IBD Monday Morning = quarterbacking such=20 as the cup with or without handles).
At the end of the day, discussion ends on the one or = two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

In light of the fact that these are extraordinary = times,=20 I'll throw one out with a terribly ugly chart, but very solid current = and=20 forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago=20 Bridge and Iron
 
I am particularly intrigued by the combination of = a strong=20 grwing backlog, relatively low historical valuation and a sustained = recent=20 increase in ADV. However, the chart is awful. Any opinions on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because I've=20 had no trouble finding strong groups/sectors/stocks at any point in = the last=20 few years, until this past June. It amazes me that everything can be = weak=20 simultaneously.
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com
Sent: Wednesday, August 07, = 2002 11:38=20 AM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Here is one similar to CHTT, what do = you=20 think.

DLI,  Rev last qtr of 93 mil, EPS of .53, = dept/equity=20 .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS = of .58,=20 dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have = double the=20 margin but much more dept.=20 comments

Chris
<= /HTML> ------=_NextPart_000_00B1_01C23E67.CF88AE30-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 23:11:22 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_01DF_01C23E67.BEC60FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, I have felt the way you are feeling, and you are not alone. When I first joined this list about 1 1/2 years ago, I had very little = idea what people were talking about, even though I had read WON's books. At times I would ask questions if I felt there was a remote chance of my = understanding the answer, but a lot of the time I lurked. (And a lot of = the time, I didn't understand the answers I got to questions--and still = don't always!) Being a teacher and writer, I don't have much time to = spend on investing, so my learning curve has been rather shallow. But I would just delete the messages I knew were beyond me and = concentrate on the ones that were at my level. Keep reading WON's books, = the lessons on ibd.com, Investors' Corner. I made a little CANSLIM = notebook, with a section for each letter, for charts, industries, = market, buy/sell rules, trading, and added to it whenever I had time. Now I have some idea of what people are talking about some of the time, = but it's still not 100%, nor does it have to be. The more knowledgeable and experienced members of the list are = incredibly generous with their time and knowledge, but they can't know = what our background is. Also, we have to do the "footwork" ourselves.=20 I love being reminded (thank you, whoever posted this today) that it = took WON 3 years to get the system!!=20 Don't give up! Ann ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 10:47 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine-I know I said my last post on the subject would be my last, = but please let me respond to your post. First , you know I respect your = knowledge greatly-as do others on the board and I hope you see this post = in the spirit it was meant and not argumentative. "need to develop = mining skills" That taught me a lot. "many ways to mine"- that taught = me more. " tools and methodology are discussed"- almost always I do = not understand. When Gene sent his list today - once more I could not = get it to show up on my screen and as always have not a clue why. " = Veterans wouldn't use it anyway" I can really see the importance of all = the veterans ignoring each others work even if the newcomers would eat = it up and learn a lot from it -a definite waste of time. "Did not = filter" - what the hell is that. "Uploading" what the hell is that. = Linking mechanism and no longer build an auto link" since they go hand = in hand-what the hell are they. I don't mean to be disrespectful-If you = feel that I am, you already have an apology of mine on file. I just = want you to see, one time, what this board looks like through my eyes. = I'm pretty sure that Chris and I are not the only ones in this boat = because you say three hundred people are on this list but the same few = people post over and over about stuff that I guess they already know = because they don't want to even discuss other peoples stuff. Please = forgive me but I am not an engineer, or a lawyer, or a stockbroker. I'm = just a plain ordinary girl trying to learn a trading system and I am = really thinking I am way out of my league on this list. God Bless the = ones that got the brains because apparently I am not amongst them. = From one of the other 275 people. Respectfully- Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:12 PM Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Thanks, Gene....glad you feel that way. I think the folks that would benefit most are the newbies (new to = CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. The veterans have their own methodologies already in place and = wouldn't use it anyway. I don't pay attention to any of the lists that = are posted, but do get something out of the discussion on individual = stocks and more general CANSLIM and investing topics. I've posted the hunting list several times before, but until the = 7/22 list, did not filter it for RS and relationship to 50 and 200 day = moving averages before uploading. More than anything, the list was = designed to provide links to charts and the CANSLIM evaluators and to = provide a starting point if anybody wanted to start their own permanent = personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to each = individual stock. My intent on 7/22 in filtering further for minimum = technicals was done as a way to create some focus on what *might* be = working given there had been some discussion on the list about that very = topic and that the market appeared to be groping for a bottom. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine, I withdraw my request for you to post a weekly 'hunting' = list. Gene ------=_NextPart_000_01DF_01C23E67.BEC60FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy,
 
I have felt the way you are feeling, and you are not = alone.
 
When I first joined this list about 1 1/2 years ago, = I had=20 very little idea what people were talking about, even though I had read = WON's=20 books.
 
At times I would ask questions if I felt there was a = remote=20 chance of my understanding the answer, but a lot of the time I lurked. = (And a=20 lot of the time, I didn't understand the answers I got to questions--and = still=20 don't always!) Being a teacher and writer, I don't = have much=20 time to spend on investing, so my learning curve has been rather=20 shallow.
 
But I would just delete the messages I knew were = beyond me and=20 concentrate on the ones that were at my level. Keep reading WON's books, = the=20 lessons on ibd.com, Investors' Corner. I made a little CANSLIM notebook, = with a=20 section for each letter, for charts, industries, market, buy/sell rules, = trading, and added to it whenever I had time.
 
Now I have some idea of what people are talking = about some of=20 the time, but it's still not 100%, nor does it have to be.
 
The more knowledgeable and experienced members of = the list are=20 incredibly generous with their time and knowledge, but they can't know = what our=20 background is. Also, we have to do the "footwork" ourselves. =
 
I love being reminded (thank you, whoever posted = this today)=20 that it took WON 3 years to get the system!!
 
Don't give up!
 
Ann
----- Original Message -----
From:=20 zillagirl
Sent: Wednesday, August 07, = 2002 10:47=20 PM
Subject: Re: [CANSLIM] Hunting = List (nee=20 Watchlist) - Holy Tomatoes

Katherine-I know I said my last post = on the=20 subject would be my last, but please let me respond to your = post.  First=20 , you know I respect your knowledge greatly-as do others on the board = and I=20 hope you see this post in the spirit it was meant and not=20 argumentative.   "need to develop mining skills"  That = taught=20 me a lot.  "many ways to mine"- that taught me more.   = " tools=20 and methodology are discussed"- almost always I do not = understand.  When=20 Gene sent his list today - once more I could not get it to show up on = my=20 screen and as always have not a clue why. " Veterans wouldn't use = it=20 anyway"  I can really see the importance of all the veterans = ignoring=20 each others work  even if the newcomers would eat it up and learn = a lot=20 from it -a definite waste of time.   "Did not filter"  = - what=20 the hell is that.  "Uploading" what the hell is that.  = Linking=20 mechanism and no longer build an auto link"  since they go hand = in=20 hand-what the hell are they.  I don't mean to be disrespectful-If = you=20 feel that I am, you already have an apology of mine on file.  I = just want=20 you to see, one time, what  this board looks like through my = eyes. I'm=20 pretty sure that Chris and I are not the only ones in this boat = because you=20 say three hundred people are on this list but the same few people post = over=20 and over about stuff that I guess  they already know because they = don't=20 want to even discuss other peoples stuff.  Please forgive me but = I am not=20 an engineer, or a lawyer, or a stockbroker.  I'm just a plain = ordinary=20 girl trying to learn a trading system and I am = really thinking  I=20 am  way out of my league on this list. God Bless the ones=20 that   got the brains because apparently I am not amongst=20 them.  From one of the other 275 people.  Respectfully-=20 Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, August 07, = 2002 4:12=20 PM
Subject: RE: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies (new = to=20 CANSLIM, that is)....but they need to learn to develop their mining = skills=20 as part of learning CANSLIM, so I think a weekly list would be more = of a=20 crutch than a help. There are as many ways to mine for stocks as = there=20 are fish in the sea, so finding a path that fits the=20 person is far more powerful. There's often discussion on the = list=20 devoted to tools and methods for developing a personal watchlist and = in the=20 end is more productive than simply posting a list.
 
The veterans have their own methodologies already in place and = wouldn't=20 use it anyway. I don't pay attention to any of the lists that are = posted,=20 but do get something out of the discussion on individual stocks and = more=20 general CANSLIM and investing topics.
 
I've posted the hunting list several times before, but until = the 7/22=20 list, did not filter it for RS and relationship to 50 and 200 day = moving=20 averages before uploading. More than anything, the list was designed = to=20 provide links to charts and the CANSLIM evaluators and to provide a = starting=20 point if anybody wanted to start their own permanent personal = watchlist.=20 Unfortunately, IBD has changed their linking mechanism and there is = no=20 longer a way to build an auto link to each individual stock. My = intent on=20 7/22 in filtering further for minimum technicals was done as a = way to=20 create some focus on what *might* be working given there had been = some=20 discussion on the list about that very topic and that the market = appeared to=20 be groping for a bottom.
 
Katherine
 
----- Original Message -----=20
From: = Gene = Ricci
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Katherine, I withdraw my request = for you to=20 post a weekly 'hunting' list.
 
Gene
 ------=_NextPart_000_01DF_01C23E67.BEC60FC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] cup w/o handle, churning Date: 07 Aug 2002 23:15:12 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00CB_01C23E68.47B17BD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charley, for me the key in applying CANSLIM is knowing the rules well = enough that when I violate any rule (and I do that quite often), I at = least know that I am violating a rule, and increasing my risks = accordingly. ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 4:06 PM Ann: You have made a very important point. Of necessity, WON has to = include many of the characteristics of good fundamental and technical = stock selection in his writings. However, all of these traits do not = have to apply to every situation every time. It seems to me as students = we should try to learn all of the rules and guidelines, but instead of = applying them like an engineer, use them as an artist. The only way this = works is with practice and study.=20 Charley=20 ------=_NextPart_000_00CB_01C23E68.47B17BD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charley, for me the key in applying CANSLIM is = knowing the=20 rules well enough that when I violate any rule (and I do that quite = often), I at=20 least know that I am violating a rule, and increasing my risks=20 accordingly.
 
----- Original Message -----=20
From: Chazmoore@aol.com=20
Sent: Wednesday, August 07, 2002 4:06 PM
Subject: Re: [CANSLIM] cup w/o handle, churning

Ann: You have = made a very=20 important point. Of necessity, WON has to include many of the = characteristics of=20 good fundamental and technical stock selection in his writings. However, = all of=20 these traits do not have to apply to every situation every time. It = seems to me=20 as students we should try to learn all of the rules and guidelines, but = instead=20 of applying them like an engineer, use them as an artist. The only way = this=20 works is with practice and study.
Charley = ------=_NextPart_000_00CB_01C23E68.47B17BD0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] cup w/o handle Date: 07 Aug 2002 23:27:52 -0400 rule of the markets # 1 - it's always easier to go down than up Murphy's Law of the Markets # 1 - if something can go wrong, it will corollary to Murphy's Law of the Markets #1 - if there is a worse way that something can go wrong, it will find it rule of the markets # 2 - it's faster going downhill than uphill ----- Original Message ----- Sent: Wednesday, August 07, 2002 4:41 PM Bill-thats great - I get that also!!!(I'm amazed) Can you tell me what would cause it to go into a double bottom, and not a handle? It seems that if it had the strength to climb all the way up the right side of the cup-it would not go all the way back down-it is even stranger with a triple bottom. Any thoughts? ----- Original Message ----- Sent: Wednesday, August 07, 2002 12:30 PM > Ann, > > I think the whole issue with the cup w/o a handle comes to this. Have all > the sellers finished selling? The problem with no handle is the chance of a > big pullback as the previous shareholder get out for good after sitting > through that darned cup. With a handle of lower volume, there is less risk > of a pullback. Most of the sellers are done IMO. > > So, I'm no expert at this but, I might want to see the volume dryup a bit as > it climbs the right side near the top - then increased volume as it breaks > to new ground. Add to that, the fundies had better be perfect for added > insurance against the lack of a handle. > > Note: I find the no handle issue fits with the double bottom charts better > as the stock's had ample time to shake out the sellers > > -Bill > > ----- Original Message ----- > From: "Ann" > To: > Sent: Wednesday, August 07, 2002 12:15 PM > Subject: Re: [CANSLIM] cup w/o handle > > > > Mike, > > > > Sorry if I'm missing something, but aren't you talking about cup With > > handle? > > Or are you saying that, in the cup With handle the drop in volume occurs > in > > the handle, and in the cup Without handle it occurs on the right side of > the > > cup (at least part of the time)? > > > > > > Ann > > > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Wednesday, August 07, 2002 2:35 PM > > Subject: RE: [CANSLIM] cup w/o handle, churning > > > > > > : Hi Ann, > > : > > : Perhaps the key to getting your understanding of this nailed is to > analyze > > : the phrase from your posting "but I had in my notes ... that the volume > > : should dry up on the R-side of a Cup-without-Handle." > > : > > : As I understand it, the volume should be above the 50 ADV on at least a > > few > > : days as it comes up the right side of the cup and those days should be > > : accompanied by a price increase. Once the handle has started to form, > you > > : now want the volume to drop below the 50 ADV on most days. In > particular, > > : you don't want to see above average volume accompanied by large downward > > : price moves, as this is a sign of weakness. (Katherine pointed this out > > : earlier). > > : > > : If you run the chart selector that I posted yesterday, you will see that > > the > > : stocks selected are given a CQ rating. This is a metric that attempts to > > : quantify the qualities I mentioned in the previous paragraph. (see my > > : earlier post today also). > > : > > : Aloha, > > : > > : Mike Gibbons > > : Proactive Technologies, LLC > > : http://www.proactech.com > > : > > : > > : -----Original Message----- > > : From: owner-canslim@lists.xmission.com > > : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann > > : Sent: Wednesday, August 07, 2002 6:49 AM > > : To: CANSLIM Listserv > > : Subject: [CANSLIM] cup w/o handle, churning > > : > > : > > : Thanks, Charley, Mike, Patrick, Nancy, Katherine, > > : > > : This is such a great list. It's amazing to be able to post questions and > > get > > : all these prompt and helpful replies. Thank you, all. > > : > > : My questions arose, when I was looking at the charts in Chapter 13 of > > : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of > the > > : charts point out "strong up weeks on big volume" on the R-side of the > cup, > > : but I had in my notes (possibly from Investors' Corner, as I think > Charley > > : suggests) that the volume should dry up on the R-side of a > > : Cup-without-Handle. > > : > > : But, as I look over all the charts (and these are charts that WON picked > > : because the stocks flew after breakout), no one chart has ALL the > > : characteristics you should look for. For example, in the CSCO chart (p. > > : 158), the RS line was not at an all-time high before the stock took off > in > > : '95. > > : > > : I guess the moral of the story is that you have to take a preponderance > of > > : indicators, and not just get stuck over one of them missing. (But then, > > that > > : "one" could later prove to be your downfall!! Alas!). > > : > > : Thanks again, > > : > > : Ann > > : > > : > > : - > > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > > : -In the email body, write "subscribe canslim" or > > : -"unsubscribe canslim". Do not use quotes in your email. > > : > > : > > : - > > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > > : -In the email body, write "subscribe canslim" or > > : -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Chas" <1440lda@tm.net> Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 23:30:24 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0120_01C23E6A.682E1060 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable If you will allow me to add my 2cents to this. When i was first on this = list and saw someone post a particular stock i became excited and put it = on my maybe list. As i read more and learned more my style of = selecting/screening for stocks changed. Now when there is a posting on a = particular stock or stocks and it also is on my maybe list, it just = means that whomever and i are "seeing" some simular qualities. Sometimes = a comment triggers a thought or changes the way i look at stocks and = that i believe is "more" important than a list. Regards Chas -----Original Message----- From: zillagirl To: canslim@lists.xmission.com Date: Wednesday, August 07, 2002 10:46 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes =20 =20 Katherine-I know I said my last post on the subject would be my = last, but please let me respond to your post. First , you know I = respect your knowledge greatly-as do others on the board and I hope you = see this post in the spirit it was meant and not argumentative. "need = to develop mining skills" That taught me a lot. "many ways to mine"- = that taught me more. " tools and methodology are discussed"- almost = always I do not understand. When Gene sent his list today - once more I = could not get it to show up on my screen and as always have not a clue = why. " Veterans wouldn't use it anyway" I can really see the importance = of all the veterans ignoring each others work even if the newcomers = would eat it up and learn a lot from it -a definite waste of time. = "Did not filter" - what the hell is that. "Uploading" what the hell is = that. Linking mechanism and no longer build an auto link" since they = go hand in hand-what the hell are they. I don't mean to be = disrespectful-If you feel that I am, you already have an apology of mine = on file. I just want you to see, one time, what this board looks like = through my eyes. I'm pretty sure that Chris and I are not the only ones = in this boat because you say three hundred people are on this list but = the same few people post over and over about stuff that I guess they = already know because they don't want to even discuss other peoples = stuff. Please forgive me but I am not an engineer, or a lawyer, or a = stockbroker. I'm just a plain ordinary girl trying to learn a trading = system and I am really thinking I am way out of my league on this = list. God Bless the ones that got the brains because apparently I am = not amongst them. From one of the other 275 people. Respectfully- = Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:12 PM Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy = Tomatoes =20 =20 Thanks, Gene....glad you feel that way. =20 I think the folks that would benefit most are the newbies (new = to CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. =20 The veterans have their own methodologies already in place and = wouldn't use it anyway. I don't pay attention to any of the lists that = are posted, but do get something out of the discussion on individual = stocks and more general CANSLIM and investing topics. =20 I've posted the hunting list several times before, but until the = 7/22 list, did not filter it for RS and relationship to 50 and 200 day = moving averages before uploading. More than anything, the list was = designed to provide links to charts and the CANSLIM evaluators and to = provide a starting point if anybody wanted to start their own permanent = personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to each = individual stock. My intent on 7/22 in filtering further for minimum = technicals was done as a way to create some focus on what *might* be = working given there had been some discussion on the list about that very = topic and that the market appeared to be groping for a bottom. =20 Katherine =20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes =20 =20 Katherine, I withdraw my request for you to post a weekly = 'hunting' list. =20 Gene ------=_NextPart_000_0120_01C23E6A.682E1060 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
If you will allow me to add my = 2cents to this.=20 When i was first on this list and saw someone post a particular stock i = became=20 excited and put it on my maybe list. As i read more and learned more my = style of=20 selecting/screening for stocks changed. Now when there is a posting on a = particular stock or stocks and it also is on my maybe list, it just = means that=20 whomever and i are "seeing" some simular qualities. Sometimes = a=20 comment triggers a thought  or changes the way i look at stocks and = that i=20 believe is "more" important than a list.
Regards = Chas
-----Original = Message-----
From:=20 zillagirl <zillagirl@email.msn.com>To:=20 canslim@lists.xmission.com= =20 <canslim@lists.xmission.com= >
Date:=20 Wednesday, August 07, 2002 10:46 PM
Subject: Re: = [CANSLIM]=20 Hunting List (nee Watchlist) - Holy Tomatoes

Katherine-I know I said my last = post on the=20 subject would be my last, but please let me respond to your = post. =20 First , you know I respect your knowledge greatly-as do others on = the board=20 and I hope you see this post in the spirit it was meant and not=20 argumentative.   "need to develop mining = skills" =20 That taught me a lot.  "many ways to mine"- that = taught me=20 more.   " tools and methodology are discussed"- = almost=20 always I do not understand.  When Gene sent his list today - = once more=20 I could not get it to show up on my screen and as always have not a = clue=20 why. " Veterans wouldn't use it anyway"  I can = really=20 see the importance of all the veterans ignoring each others = work  even=20 if the newcomers would eat it up and learn a lot from it -a definite = waste=20 of time.   "Did not filter"  - what the = hell is=20 that.  "Uploading" what the hell is that.  = Linking=20 mechanism and no longer build an auto link"  since they go = hand in=20 hand-what the hell are they.  I don't mean to be = disrespectful-If you=20 feel that I am, you already have an apology of mine on file.  I = just=20 want you to see, one time, what  this board looks like through = my eyes.=20 I'm pretty sure that Chris and I are not the only ones in this boat = because=20 you say three hundred people are on this list but the same few = people post=20 over and over about stuff that I guess  they already know = because they=20 don't want to even discuss other peoples stuff.  Please forgive = me but=20 I am not an engineer, or a lawyer, or a stockbroker.  I'm just = a plain=20 ordinary girl trying to learn a trading system and I am=20 really thinking  I am  way out of my league on this = list. God=20 Bless the ones that   got the brains because apparently I = am not=20 amongst them.  From one of the other 275 people.  = Respectfully-=20 Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com
Sent: Wednesday, August = 07, 2002=20 4:12 PM
Subject: RE: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies = (new to=20 CANSLIM, that is)....but they need to learn to develop their = mining=20 skills as part of learning CANSLIM, so I think a weekly list = would be=20 more of a crutch than a help. There are as many ways to mine for = stocks=20 as there are fish in the sea, so finding a path that = fits the=20 person is far more powerful. There's often discussion on = the list=20 devoted to tools and methods for developing a personal watchlist = and in=20 the end is more productive than simply posting a list.
 
The veterans have their own methodologies already in place = and=20 wouldn't use it anyway. I don't pay attention to any of the = lists that=20 are posted, but do get something out of the discussion on = individual=20 stocks and more general CANSLIM and investing topics.
 
I've posted the hunting list several times before, but = until the=20 7/22 list, did not filter it for RS and relationship to 50 and = 200 day=20 moving averages before uploading. More than anything, the list = was=20 designed to provide links to charts and the CANSLIM evaluators = and to=20 provide a starting point if anybody wanted to start their own = permanent=20 personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to = each=20 individual stock. My intent on 7/22 in filtering further for = minimum=20 technicals was done as a way to create some focus on what = *might*=20 be working given there had been some discussion on the list = about that=20 very topic and that the market appeared to be groping for a=20 bottom.
 
Katherine
 
----- Original Message -----=20
From: Gene = Ricci=20
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - = Holy=20 Tomatoes

Katherine, I withdraw my = request for you=20 to post a weekly 'hunting' list.
 
Gene
------=_NextPart_000_0120_01C23E6A.682E1060-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 07 Aug 2002 23:37:45 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00F8_01C23E6B.6E94E630 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't know about dedicated, Katherine, more like I am just the last = one getting home from work. And I have learned the hard way (but keep = forgetting) to read all the responses first, before jumping on one = (since I usually read in time order) as often something I post late in = the evening has already been said by someone's post I eventually get to. I very much do agree with you, though, that this group is very good, and = patient, about answering reasonable questions related to CANSLIM. We = have a lot of contributors now (and we want more, lurkers take note!!!) = so it's hard to believe that any questions go unanswered. Shame on all = of us if that has been happening. ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 8:36 PM Watchlist)] Kris, I'm confused by your comments, as I think the list has a good history of = answering questions when folks ask. There are times when we point = someone to a reference rather than rewrite what is already written, but = I don't recall seeing posts that don't get answered. If there are no = responses, there are a few folks who do a "sweep" and post a response, = Tom being the most dedicated at doing this. Do you have any specific questions that you've asked and haven't been = attended to? Where are your sticking points with CANSLIM? If you can = articulate them for us, we can get some threads going. Believe it or = not, there are about 300 people on this list. I'd be hard pressed to = believe that there wouldn't be somebody out there, lurkers included, who = couldn't step up and help you up the learning curve. Katherine ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 7:14 PM Charley, I've read both books and both revisions of HTMMIS. I've also = spent many hours at the IBD Learning Center. I guess you've been = involved with CANSLIM for too long a time and have forgotten what it = took to get a feel for the concepts. I'm frustrated with the lack of = help when folks ask for it and then get rebuffed when their request = doesn't fit the mold. If you really believe that we can find the stocks = to watch do you then ask yourselves why we don't do it instead of = pleading for it? Yes, I'm on the outside looking in.=20 ------=_NextPart_000_00F8_01C23E6B.6E94E630 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't know about dedicated, Katherine, more = like I am=20 just the last one getting home from work. And I have learned the hard = way (but=20 keep forgetting) to read all the responses first, before jumping on one = (since I=20 usually read in time order) as often something I post late in the = evening has=20 already been said by someone's post I eventually get = to.
 
I very much do agree with you, though, that this = group is=20 very good, and patient, about answering reasonable questions related to = CANSLIM.=20 We have a lot of contributors now (and we want more, lurkers take = note!!!) so=20 it's hard to believe that any questions go unanswered. Shame on all of = us if=20 that has been happening.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Wednesday, August 07, 2002 8:36 PM
Subject: [CANSLIM] Re: Learning curve [was: Hunting List = (nee=20 Watchlist)]

Kris,
 
I'm confused by your comments, as I think the list has a good = history of=20 answering questions when folks ask. There are times when we point = someone to=20 a reference rather than rewrite what is already written, but I = don't recall=20 seeing posts that don't get answered. If there are no responses, = there are=20 a few folks who do a "sweep" and post a response, Tom being the most = dedicated=20 at doing this.
 
Do you have any specific questions that you've asked and haven't = been=20 attended to? Where are your sticking points with CANSLIM? If you can = articulate=20 them for us, we can get some threads going. Believe it or not, there are = about=20 300 people on this list. I'd be hard pressed to believe that there = wouldn't be=20 somebody out there, lurkers included, who couldn't step up and help you = up the=20 learning curve.
 
Katherine
 
----- Original Message -----=20
From: KrisFg@aol.com =
Sent: Wednesday, August 07, 2002 7:14 PM
Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Charley, I've read both books and both revisions of = HTMMIS.=20 I've also spent many hours at the IBD Learning Center. I guess you've = been=20 involved with CANSLIM for too long a time and have forgotten what it = took to get=20 a feel for the concepts. I'm frustrated with the lack of help when folks = ask for=20 it and then get rebuffed when their request doesn't fit the mold. If you = really=20 believe that we can find the stocks to watch do you then ask yourselves = why we=20 don't do it instead of pleading for it? Yes, I'm on the outside looking = in.=20 ------=_NextPart_000_00F8_01C23E6B.6E94E630-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 07 Aug 2002 23:46:39 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_010C_01C23E6C.ADFCEF60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kris, best suggestion / advice I have given to new investors to CANSLIM = is, of course, read and then study HTMMIS (preferably the 3rd edition = now that it has been released) and the 24 Lessons. Next, post a stock = you believe is worthy of CANSLIM discussion. Tell us both what strengths = and weaknesses you see in it. I guarantee that at least one or two = members (myself included) will look at the chart and give you feedback. Over the years, I have found that if 10 people look at exactly the same = chart, they will each have their own specific things they look for and = comment on. ----- Original Message -----=20 Sent: Wednesday, August 07, 2002 9:10 PM Watchlist)] Katherine, Nancy articulated my thoughts while I was struggling with my = post. ---- My question is, what would be the harm of adding say the top two or = three stocks from each interested persons list( who would choose to = participate)-to be dissected by the group. A person like me who is = relatively new to canslim would probably have my stocks shot down right = away. =20 -----But some of the smarter canslimers on the site, who have a lot more = time and knowledge, or computer savvy could probably pinpoint the = possible great ones from the O.K. ones easily, where I would never see = it at this point. =20 ----- Bill Oneil said even he needed a 3 year learning curve before he = started to get the system and become profitable.=20 ----- If the market turns in 6 months and leaders start to emerge in a = year or so- this type of brainstorming may give all boats a chance to = rise with the tide. Otherwise , any of us that haven't had the three = year curve may very well miss a great buying opportunity.=20 -----I don't see how anyone would lose from sharing their = knowledge-where would we all be if Bill O. felt that way. Even he puts = out lists- =20 Please rid yourself of the thought that I would use a list as a crutch = instead of something to gather knowledge. Kris=20 ------=_NextPart_000_010C_01C23E6C.ADFCEF60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kris, best suggestion / advice I have given to = new=20 investors to CANSLIM is, of course, read and then study HTMMIS = (preferably the=20 3rd edition now that it has been released) and the 24 Lessons. Next, = post a=20 stock you believe is worthy of CANSLIM discussion. Tell us both what = strengths=20 and weaknesses you see in it. I guarantee that at least one or two = members=20 (myself included) will look at the chart and give you = feedback.
 
Over the years, I have found that if 10 people = look at=20 exactly the same chart, they will each have their own specific things = they look=20 for and comment on.
 
----- Original Message -----=20
From: KrisFg@aol.com =
Sent: Wednesday, August 07, 2002 9:10 PM
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List = (nee=20 Watchlist)]

Katherine, Nancy articulated my thoughts while I = was=20 struggling with my post.

---- My question is, what would be the = harm of=20 adding say the top two or three stocks from each  interested = persons=20 list( who would choose to participate)-to be dissected by the group. A = person=20 like me who is relatively new to canslim would probably have my stocks = shot down=20 right away. 
-----But some of the smarter canslimers on the = site,=20 who have a lot more time  and knowledge, or computer savvy = could=20 probably pinpoint the possible great ones from the O.K. ones easily, = where I=20 would never see it at this point.  
----- Bill Oneil said = even he=20 needed a 3 year learning curve before he started to get the system and = become=20 profitable.
----- If the market turns in 6 months and leaders start = to=20 emerge in a year or so- this type of brainstorming may give all boats a = chance=20 to rise with the tide.  Otherwise , any of us that haven't had the = three=20 year curve may very well miss a great buying opportunity.
-----I = don't see=20 how anyone would lose from sharing their knowledge-where would we all be = if Bill=20 O. felt that way. Even he puts out lists- 

Please rid yourself of the thought that I would use = a list as=20 a crutch instead of something to gather knowledge.

Kris=20 ------=_NextPart_000_010C_01C23E6C.ADFCEF60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 23:55:31 -0400 Thanks, Ann, I still have not had / made the time to study the 3rd edition, but will pay more attention to this when I do, as it's a pattern I had overlooked as even a possibility. ----- Original Message ----- Sent: Wednesday, August 07, 2002 10:42 PM Hi, Tom, I've just read the 3rd edition of HTMMIS, and it's in there. On page 127, in the section called, "Basic Characteristics of Handle Areas" in the chapter called, "How to Read Charts Like an Expert and Improve your Stock Picks", WON says: "The formation of the handle area generally takes more than one or two weeks and has a downward price drift or shakeout...Volume will dry up noticeably near the lows in the handle's price pullback phase. "There are a few exceptions: Cups without handles have a somewhat higher failure rate, although many stocks do successfully advance without forming a handle. Also, some of the more volatile technology names in 1999 formed handles of only one or two weeks..." Also, in the chapter entitled, "Models of the Greatest Stock Market Winners: 1952-2001," where he shows model charts, there is a section, "Cup-Without-Handle Pattern," on pages 161-162, in which he shows 8 charts. "Cup-Without-Handle Pattern" is even an entry in the index!! In HTMMIS, 2nd ed., WON mentions cups without handles on page 164. I hope this helps! Ann ----- Original Message ----- Sent: Wednesday, August 07, 2002 10:26 PM : Patrick and Ann, : : I don't recall ever hearing about a handleless cup as a valid CANSLIM : pattern. Is this something only IBD sees, or can someone quote WON also : supporting this as a valid pattern? : : ----- Original Message ----- : From: "Patrick Wahl" : To: : Sent: Wednesday, August 07, 2002 12:30 PM : Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : : : I don't know this for sure, but I think you might be referring to an article : where the : IBD pulled out an example of a stock that blasted off from a cup pattern : without first : forming a handle and said that not all stocks form a handle. This is the : sort of thing : that IBD does that I find a little questionable ( and Duke has been good at : pointing : this stuff out), and that is to do an after the fact analysis and justify it : on shaky : grounds. If a stock spiked up from a cup with no handle and then failed, I : could : easily see IBD saying -see, no handle, this is the sort of thing you have to : watch out : for, this stock should not have been bought. : : So I think the easy answer is that if it doesn't form a handle and takes : off, let it go, : wiat for the next one, you don't have to catch everything, look for the : sounder : pattern. : : On 7 Aug 2002 at 12:14, Ann wrote: : : > Maybe I didn't form my question right. How do I know, as the cup forms its : > right side and approaches the previous high, whether it's going to be a : cup : > with a handle or without a handle? What if I am waiting for a handle to : > form, but it doesn't form and goes straight to breaking out? Then it has : > formed a cup-without-handle, but I have missed the breakout. Or do you : just : > have to be there at the time it is breaking out or catch it within 5%? : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 07 Aug 2002 21:57:46 -0600 Below is what Ann wrote in an earlier message. Must be a later edition of HTMMIS than I have, don't recall any handleless cups in the book. ===================================================== My questions arose, when I was looking at the charts in Chapter 13 of HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the charts point out "strong up weeks on big volume" on the R-side of the cup, but I had in my notes (possibly from Investors' Corner, as I think Charley suggests) that the volume should dry up on the R-side of a Cup-without-Handle. On 7 Aug 2002 at 22:26, Tom Worley wrote: > Patrick and Ann, > > I don't recall ever hearing about a handleless cup as a valid CANSLIM > pattern. Is this something only IBD sees, or can someone quote WON also > supporting this as a valid pattern? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 21:10:30 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_001A_01C23E56.DC30F220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ann thank you for you response. I have seen that you are very = organized. Refer to the book alot. Maybe I should read them again. I = was the one that told the group I saw BO and he said that in the = meeting. Ive learned a lot from your questions and your responses. = Thank You Nancy ----- Original Message -----=20 From: Ann=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 8:11 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Nancy, I have felt the way you are feeling, and you are not alone. When I first joined this list about 1 1/2 years ago, I had very little = idea what people were talking about, even though I had read WON's books. At times I would ask questions if I felt there was a remote chance of = my understanding the answer, but a lot of the time I lurked. (And a lot = of the time, I didn't understand the answers I got to questions--and = still don't always!) Being a teacher and writer, I don't have much time = to spend on investing, so my learning curve has been rather shallow. But I would just delete the messages I knew were beyond me and = concentrate on the ones that were at my level. Keep reading WON's books, = the lessons on ibd.com, Investors' Corner. I made a little CANSLIM = notebook, with a section for each letter, for charts, industries, = market, buy/sell rules, trading, and added to it whenever I had time. Now I have some idea of what people are talking about some of the = time, but it's still not 100%, nor does it have to be. The more knowledgeable and experienced members of the list are = incredibly generous with their time and knowledge, but they can't know = what our background is. Also, we have to do the "footwork" ourselves.=20 I love being reminded (thank you, whoever posted this today) that it = took WON 3 years to get the system!!=20 Don't give up! Ann ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 10:47 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine-I know I said my last post on the subject would be my = last, but please let me respond to your post. First , you know I = respect your knowledge greatly-as do others on the board and I hope you = see this post in the spirit it was meant and not argumentative. "need = to develop mining skills" That taught me a lot. "many ways to mine"- = that taught me more. " tools and methodology are discussed"- almost = always I do not understand. When Gene sent his list today - once more I = could not get it to show up on my screen and as always have not a clue = why. " Veterans wouldn't use it anyway" I can really see the importance = of all the veterans ignoring each others work even if the newcomers = would eat it up and learn a lot from it -a definite waste of time. = "Did not filter" - what the hell is that. "Uploading" what the hell is = that. Linking mechanism and no longer build an auto link" since they = go hand in hand-what the hell are they. I don't mean to be = disrespectful-If you feel that I am, you already have an apology of mine = on file. I just want you to see, one time, what this board looks like = through my eyes. I'm pretty sure that Chris and I are not the only ones = in this boat because you say three hundred people are on this list but = the same few people post over and over about stuff that I guess they = already know because they don't want to even discuss other peoples = stuff. Please forgive me but I am not an engineer, or a lawyer, or a = stockbroker. I'm just a plain ordinary girl trying to learn a trading = system and I am really thinking I am way out of my league on this = list. God Bless the ones that got the brains because apparently I am = not amongst them. From one of the other 275 people. Respectfully- = Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:12 PM Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy = Tomatoes Thanks, Gene....glad you feel that way. I think the folks that would benefit most are the newbies (new to = CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. The veterans have their own methodologies already in place and = wouldn't use it anyway. I don't pay attention to any of the lists that = are posted, but do get something out of the discussion on individual = stocks and more general CANSLIM and investing topics. I've posted the hunting list several times before, but until the = 7/22 list, did not filter it for RS and relationship to 50 and 200 day = moving averages before uploading. More than anything, the list was = designed to provide links to charts and the CANSLIM evaluators and to = provide a starting point if anybody wanted to start their own permanent = personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to each = individual stock. My intent on 7/22 in filtering further for minimum = technicals was done as a way to create some focus on what *might* be = working given there had been some discussion on the list about that very = topic and that the market appeared to be groping for a bottom. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine, I withdraw my request for you to post a weekly = 'hunting' list. Gene ------=_NextPart_000_001A_01C23E56.DC30F220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ann thank you for you response.  I = have seen=20 that you are very organized.  Refer to the book alot.  Maybe I = should=20 read them again.  I was the one that told the group I saw BO and he = said=20 that in the meeting.  Ive learned a lot from your questions and = your=20 responses. Thank You  Nancy
----- Original Message -----
From:=20 Ann
Sent: Wednesday, August 07, = 2002 8:11=20 PM
Subject: Re: [CANSLIM] Hunting = List (nee=20 Watchlist) - Holy Tomatoes

Nancy,
 
I have felt the way you are feeling, and you are = not=20 alone.
 
When I first joined this list about 1 1/2 years = ago, I had=20 very little idea what people were talking about, even though I had = read WON's=20 books.
 
At times I would ask questions if I felt there was = a remote=20 chance of my understanding the answer, but a lot of the time I lurked. = (And a=20 lot of the time, I didn't understand the answers I got to = questions--and still=20 don't always!) Being a teacher and writer, I = don't have=20 much time to spend on investing, so my learning curve has been rather=20 shallow.
 
But I would just delete the messages I knew were = beyond me=20 and concentrate on the ones that were at my level. Keep reading WON's = books,=20 the lessons on ibd.com, Investors' Corner. I made a little CANSLIM = notebook,=20 with a section for each letter, for charts, industries, market, = buy/sell=20 rules, trading, and added to it whenever I had time.
 
Now I have some idea of what people are talking = about some=20 of the time, but it's still not 100%, nor does it have to = be.
 
The more knowledgeable and experienced members of = the list=20 are incredibly generous with their time and knowledge, but they can't = know=20 what our background is. Also, we have to do the "footwork" ourselves.=20
 
I love being reminded (thank you, whoever posted = this today)=20 that it took WON 3 years to get the system!!
 
Don't give up!
 
Ann
----- Original Message -----
From:=20 zillagirl
Sent: Wednesday, August 07, = 2002 10:47=20 PM
Subject: Re: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Katherine-I know I said my last = post on the=20 subject would be my last, but please let me respond to your = post. =20 First , you know I respect your knowledge greatly-as do others on = the board=20 and I hope you see this post in the spirit it was meant and not=20 argumentative.   "need to develop mining skills"  = That taught=20 me a lot.  "many ways to mine"- that taught me = more.   "=20 tools and methodology are discussed"- almost always I do not=20 understand.  When Gene sent his list today - once more I could = not get=20 it to show up on my screen and as always have not a clue why. " = Veterans wouldn't use it anyway"  I can really see the = importance of=20 all the veterans ignoring each others work  even if the = newcomers would=20 eat it up and learn a lot from it -a definite waste of = time.  =20 "Did not filter"  - what the hell is that.  "Uploading" = what the=20 hell is that.  Linking mechanism and no longer build an auto=20 link"  since they go hand in hand-what the hell are they.  = I don't=20 mean to be disrespectful-If you feel that I am, you already have an = apology=20 of mine on file.  I just want you to see, one time, what  = this=20 board looks like through my eyes. I'm pretty sure that Chris and I = are not=20 the only ones in this boat because you say three hundred people are = on this=20 list but the same few people post over and over about stuff that I=20 guess  they already know because they don't want to even = discuss other=20 peoples stuff.  Please forgive me but I am not an engineer, or = a=20 lawyer, or a stockbroker.  I'm just a plain ordinary girl = trying to=20 learn a trading system and I am really thinking  I = am  way=20 out of my league on this list. God Bless the ones that   = got the=20 brains because apparently I am not amongst them.  From one of = the other=20 275 people.  Respectfully- Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 4:12=20 PM
Subject: RE: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies = (new to=20 CANSLIM, that is)....but they need to learn to develop their = mining skills=20 as part of learning CANSLIM, so I think a weekly list would be = more of a=20 crutch than a help. There are as many ways to mine for stocks as = there=20 are fish in the sea, so finding a path that fits the=20 person is far more powerful. There's often discussion on the = list=20 devoted to tools and methods for developing a personal watchlist = and in=20 the end is more productive than simply posting a list.
 
The veterans have their own methodologies already in place = and=20 wouldn't use it anyway. I don't pay attention to any of the lists = that are=20 posted, but do get something out of the discussion on individual = stocks=20 and more general CANSLIM and investing topics.
 
I've posted the hunting list several times before, but until = the 7/22=20 list, did not filter it for RS and relationship to 50 and 200 day = moving=20 averages before uploading. More than anything, the list was = designed to=20 provide links to charts and the CANSLIM evaluators and to provide = a=20 starting point if anybody wanted to start their own permanent = personal=20 watchlist. Unfortunately, IBD has changed their linking mechanism = and=20 there is no longer a way to build an auto link to each individual = stock.=20 My intent on 7/22 in filtering further for minimum = technicals was=20 done as a way to create some focus on what *might* be working = given there=20 had been some discussion on the list about that very topic and = that the=20 market appeared to be groping for a bottom.
 
Katherine
 
----- Original Message -----=20
From: = Gene = Ricci
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy = Tomatoes

Katherine, I withdraw my request = for you=20 to post a weekly 'hunting' list.
 
Gene
------=_NextPart_000_001A_01C23E56.DC30F220-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mike Gibbons Subject: Re: [CANSLIM] Identifying NEW leaders Date: 07 Aug 2002 18:26:03 -1000 Hi Tom, Do you happen to recall the address of the Technical Analysis list? -- Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com On Wed, 2002-08-07 at 17:11, Tom Worley wrote: > Winston, nice idea which I could support with reservations. I would hate for a newcomer seriously trying to learn CANSLIM be prevented from discussing a stock he/she has found simply because it is the third one mentioned that day, especially if the first two turned out to be dogs. > > As an alternative idea, a year or two ago, some members that wanted to discuss technical analysis in more depth formed a new group for this. Didn't seem to harm this group, but took the discussion to a different forum. That could be done with this as well, form a "stock of the day" discussion group. > > ----- Original Message ----- > From: Winston Little > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 3:54 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Two groups have emerged. > One group is asking for help with tutorial discussion of a "potential list", the other group stating that the purpose of this board is not to identify specific issues. > The position of both groups have merit. > A middle ground may be for anyone to post a particular stock (maximum of two for the entire group each day, first come first served). > The person posting, MUST give some background on the stock and some listing of what makes the person believe it is a potential for the day's CANSLIM discussion. > Once posted with the necessary background information, discussion on the merits, flaws and cautions could follow. > Benefits would be good review for some people, good tutorial for others, good opportunity for some others to hone their skills as constructive reviews evolved, opportunity to get different perspectives while action is occurring (in contrast with the IBD Monday Morning quarterbacking such as the cup with or without handles). > At the end of the day, discussion ends on the one or two issues served up. > > > Agree? > Disagree? > Nonsense? > Flawed proposal? > > > > > > > ----- Original Message ----- > From: Ian > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 3:38 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron > > I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? > > Ian > > BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. > > > ----- Original Message ----- > From: Vanchee1@aol.com > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 11:38 AM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Here is one similar to CHTT, what do you think. > > DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 > > CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 > > CHTT does have double the margin but much more dept. comments > > Chris > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Date: 07 Aug 2002 23:34:42 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_07E9_01C23E6B.018AC690 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, "filter" =3D select "uploading" =3D moving the Excel file from my computer to a public spot = so that others can copy (download) to their personal computer "links" =3D the underlined things you click to automatically take you to = a specific spot on the web. In this case, directly to the symbol's chart = or Stock Checkup on the IBD site. Katherine ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 9:47 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine-I know I said my last post on the subject would be my last, = but please let me respond to your post. First , you know I respect your = knowledge greatly-as do others on the board and I hope you see this post = in the spirit it was meant and not argumentative. "need to develop = mining skills" That taught me a lot. "many ways to mine"- that taught = me more. " tools and methodology are discussed"- almost always I do = not understand. When Gene sent his list today - once more I could not = get it to show up on my screen and as always have not a clue why. " = Veterans wouldn't use it anyway" I can really see the importance of all = the veterans ignoring each others work even if the newcomers would eat = it up and learn a lot from it -a definite waste of time. "Did not = filter" - what the hell is that. "Uploading" what the hell is that. = Linking mechanism and no longer build an auto link" since they go hand = in hand-what the hell are they. I don't mean to be disrespectful-If you = feel that I am, you already have an apology of mine on file. I just = want you to see, one time, what this board looks like through my eyes. = I'm pretty sure that Chris and I are not the only ones in this boat = because you say three hundred people are on this list but the same few = people post over and over about stuff that I guess they already know = because they don't want to even discuss other peoples stuff. Please = forgive me but I am not an engineer, or a lawyer, or a stockbroker. I'm = just a plain ordinary girl trying to learn a trading system and I am = really thinking I am way out of my league on this list. God Bless the = ones that got the brains because apparently I am not amongst them. = From one of the other 275 people. Respectfully- Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:12 PM Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Thanks, Gene....glad you feel that way. I think the folks that would benefit most are the newbies (new to = CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. The veterans have their own methodologies already in place and = wouldn't use it anyway. I don't pay attention to any of the lists that = are posted, but do get something out of the discussion on individual = stocks and more general CANSLIM and investing topics. I've posted the hunting list several times before, but until the = 7/22 list, did not filter it for RS and relationship to 50 and 200 day = moving averages before uploading. More than anything, the list was = designed to provide links to charts and the CANSLIM evaluators and to = provide a starting point if anybody wanted to start their own permanent = personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to each = individual stock. My intent on 7/22 in filtering further for minimum = technicals was done as a way to create some focus on what *might* be = working given there had been some discussion on the list about that very = topic and that the market appeared to be groping for a bottom. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine, I withdraw my request for you to post a weekly 'hunting' = list. Gene ------=_NextPart_000_07E9_01C23E6B.018AC690 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy,
 
"filter" =3D select
"uploading" =3D moving the Excel file from my computer to a public = spot so=20 that others can copy (download) to their personal computer
"links" =3D the underlined things you click to automatically take = you to a=20 specific spot on the web. In this case, directly to the symbol's chart = or Stock=20 Checkup on the IBD site.
 
Katherine
 
----- Original Message -----
From:=20 zillagirl
Sent: Wednesday, August 07, = 2002 9:47=20 PM
Subject: Re: [CANSLIM] Hunting = List (nee=20 Watchlist) - Holy Tomatoes

Katherine-I know I said my last post = on the=20 subject would be my last, but please let me respond to your = post.  First=20 , you know I respect your knowledge greatly-as do others on the board = and I=20 hope you see this post in the spirit it was meant and not=20 argumentative.   "need to develop mining skills"  That = taught=20 me a lot.  "many ways to mine"- that taught me more.   = " tools=20 and methodology are discussed"- almost always I do not = understand.  When=20 Gene sent his list today - once more I could not get it to show up on = my=20 screen and as always have not a clue why. " Veterans wouldn't use = it=20 anyway"  I can really see the importance of all the veterans = ignoring=20 each others work  even if the newcomers would eat it up and learn = a lot=20 from it -a definite waste of time.   "Did not filter"  = - what=20 the hell is that.  "Uploading" what the hell is that.  = Linking=20 mechanism and no longer build an auto link"  since they go hand = in=20 hand-what the hell are they.  I don't mean to be disrespectful-If = you=20 feel that I am, you already have an apology of mine on file.  I = just want=20 you to see, one time, what  this board looks like through my = eyes. I'm=20 pretty sure that Chris and I are not the only ones in this boat = because you=20 say three hundred people are on this list but the same few people post = over=20 and over about stuff that I guess  they already know because they = don't=20 want to even discuss other peoples stuff.  Please forgive me but = I am not=20 an engineer, or a lawyer, or a stockbroker.  I'm just a plain = ordinary=20 girl trying to learn a trading system and I am = really thinking  I=20 am  way out of my league on this list. God Bless the ones=20 that   got the brains because apparently I am not amongst=20 them.  From one of the other 275 people.  Respectfully-=20 Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, August 07, = 2002 4:12=20 PM
Subject: RE: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies (new = to=20 CANSLIM, that is)....but they need to learn to develop their mining = skills=20 as part of learning CANSLIM, so I think a weekly list would be more = of a=20 crutch than a help. There are as many ways to mine for stocks as = there=20 are fish in the sea, so finding a path that fits the=20 person is far more powerful. There's often discussion on the = list=20 devoted to tools and methods for developing a personal watchlist and = in the=20 end is more productive than simply posting a list.
 
The veterans have their own methodologies already in place and = wouldn't=20 use it anyway. I don't pay attention to any of the lists that are = posted,=20 but do get something out of the discussion on individual stocks and = more=20 general CANSLIM and investing topics.
 
I've posted the hunting list several times before, but until = the 7/22=20 list, did not filter it for RS and relationship to 50 and 200 day = moving=20 averages before uploading. More than anything, the list was designed = to=20 provide links to charts and the CANSLIM evaluators and to provide a = starting=20 point if anybody wanted to start their own permanent personal = watchlist.=20 Unfortunately, IBD has changed their linking mechanism and there is = no=20 longer a way to build an auto link to each individual stock. My = intent on=20 7/22 in filtering further for minimum technicals was done as a = way to=20 create some focus on what *might* be working given there had been = some=20 discussion on the list about that very topic and that the market = appeared to=20 be groping for a bottom.
 
Katherine
 
----- Original Message -----=20
From: = Gene = Ricci
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Katherine, I withdraw my request = for you to=20 post a weekly 'hunting' list.
 
Gene
------=_NextPart_000_07E9_01C23E6B.018AC690-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "zillagirl" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 07 Aug 2002 21:39:44 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_000E_01C23E5A.F1B75D60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom - your comment on how 10 people see a chart 10 ways made me think. = Is there a chance that because of this, people dont want their lists = torn apart 10 different ways by 10 different sets of eyes. That would = make a lot more sense to me then -I did the work and your not getting it = and it's for your own good even if you dont know how to do the work. ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 8:46 PM Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee = Watchlist)] Kris, best suggestion / advice I have given to new investors to = CANSLIM is, of course, read and then study HTMMIS (preferably the 3rd = edition now that it has been released) and the 24 Lessons. Next, post a = stock you believe is worthy of CANSLIM discussion. Tell us both what = strengths and weaknesses you see in it. I guarantee that at least one or = two members (myself included) will look at the chart and give you = feedback. Over the years, I have found that if 10 people look at exactly the = same chart, they will each have their own specific things they look for = and comment on. ----- Original Message -----=20 From: KrisFg@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 9:10 PM Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee = Watchlist)] Katherine, Nancy articulated my thoughts while I was struggling with = my post. ---- My question is, what would be the harm of adding say the top two = or three stocks from each interested persons list( who would choose to = participate)-to be dissected by the group. A person like me who is = relatively new to canslim would probably have my stocks shot down right = away. =20 -----But some of the smarter canslimers on the site, who have a lot = more time and knowledge, or computer savvy could probably pinpoint the = possible great ones from the O.K. ones easily, where I would never see = it at this point. =20 ----- Bill Oneil said even he needed a 3 year learning curve before he = started to get the system and become profitable.=20 ----- If the market turns in 6 months and leaders start to emerge in a = year or so- this type of brainstorming may give all boats a chance to = rise with the tide. Otherwise , any of us that haven't had the three = year curve may very well miss a great buying opportunity.=20 -----I don't see how anyone would lose from sharing their = knowledge-where would we all be if Bill O. felt that way. Even he puts = out lists- =20 Please rid yourself of the thought that I would use a list as a crutch = instead of something to gather knowledge. Kris ------=_NextPart_000_000E_01C23E5A.F1B75D60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom - your comment on how 10 people see = a chart 10=20 ways made me think. Is there a chance that  because of this, = people=20 dont want their lists torn apart  10 different ways by 10 different = sets of=20 eyes.  That would make a lot more sense to me then -I did the work = and your=20 not getting it and it's for your own good even if you dont know how to = do the=20 work.
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, August 07, = 2002 8:46=20 PM
Subject: Re: [CANSLIM] Re: = Learning curve=20 [was: Hunting List (nee Watchlist)]

Kris, best suggestion / advice I have given to = new=20 investors to CANSLIM is, of course, read and then study HTMMIS = (preferably the=20 3rd edition now that it has been released) and the 24 Lessons. Next, = post a=20 stock you believe is worthy of CANSLIM discussion. Tell us both what = strengths=20 and weaknesses you see in it. I guarantee that at least one or two = members=20 (myself included) will look at the chart and give you = feedback.
 
Over the years, I have found that if 10 people = look at=20 exactly the same chart, they will each have their own specific things = they=20 look for and comment on.
 
----- Original Message -----=20
From: KrisFg@aol.com
Sent: Wednesday, August 07, 2002 9:10 PM
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting = List (nee=20 Watchlist)]

Katherine, Nancy articulated my thoughts while I = was=20 struggling with my post.

---- My question is, what would be the = harm of=20 adding say the top two or three stocks from each  interested=20 persons list( who would choose to participate)-to be dissected by = the=20 group. A person like me who is relatively new to canslim would = probably have=20 my stocks shot down right away. 
-----But some of the smarter = canslimers on the site, who have a lot more time  and = knowledge, or=20 computer savvy could probably pinpoint the possible great ones = from the=20 O.K. ones easily, where I would never see it at this = point.  =20
----- Bill Oneil said even he needed a 3 year learning curve = before he=20 started to get the system and become profitable.
----- If the = market turns=20 in 6 months and leaders start to emerge in a year or so- this type of=20 brainstorming may give all boats a chance to rise with the tide.  = Otherwise , any of us that haven't had the three year curve may very = well miss=20 a great buying opportunity.
-----I don't see how anyone would lose = from=20 sharing their knowledge-where would we all be if Bill O. felt that = way. Even=20 he puts out lists- 

Please rid yourself of the thought that I would = use a list=20 as a crutch instead of something to gather = knowledge.

Kris=20 ------=_NextPart_000_000E_01C23E5A.F1B75D60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: TI_CANSLIM [Was Re: [CANSLIM] Identifying NEW leaders] Date: 07 Aug 2002 22:38:10 -0700 Mike, Here is the final post to the Technical Indicators list on Yahoo Groups: Date: Wed, 03 Apr 2002 05:19:23 -0000 From: "kent_norman" Reply-To: TI_CANSLIM@yahoogroups.com To: TI_CANSLIM@yahoogroups.com To all the members of TI_CANSLIM This group was formed, as a response to a desire to keep the discussion of technical indicators off of the CANSLIM group since some felt it was not "pure" CANSLIM and a deviation from the main theme. Rather than have dissention, I felt a new group could run in parallel with the original group without distracting from the main theme of the original CANSLIM group. While initial participation was encouraging, there has been no activity since December 20, 2001. Due to the lack of use, I feel it is necessary to disband the group. Should the need arise in the future, anyone can create a group with ease. Go to www.yahoo.com click on GROUPS/CLUBS click START A GROUP I will continue to haunt the CANSLIM group. It is an excellent community and very educational. The participants are top notch and a pleasure to deal with. May your days be profitable. Kent Norman Mike Gibbons wrote: > Hi Tom, > > Do you happen to recall the address of the Technical Analysis list? > > -- > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > On Wed, 2002-08-07 at 17:11, Tom Worley wrote: > > Winston, nice idea which I could support with reservations. I would hate for a newcomer seriously trying to learn CANSLIM be prevented from discussing a stock he/she has found simply because it is the third one mentioned that day, especially if the first two turned out to be dogs. > > > > As an alternative idea, a year or two ago, some members that wanted to discuss technical analysis in more depth formed a new group for this. Didn't seem to harm this group, but took the discussion to a different forum. That could be done with this as well, form a "stock of the day" discussion group. > > > > ----- Original Message ----- > > From: Winston Little > > To: canslim@lists.xmission.com > > Sent: Wednesday, August 07, 2002 3:54 PM > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > > Two groups have emerged. > > One group is asking for help with tutorial discussion of a "potential list", the other group stating that the purpose of this board is not to identify specific issues. > > The position of both groups have merit. > > A middle ground may be for anyone to post a particular stock (maximum of two for the entire group each day, first come first served). > > The person posting, MUST give some background on the stock and some listing of what makes the person believe it is a potential for the day's CANSLIM discussion. > > Once posted with the necessary background information, discussion on the merits, flaws and cautions could follow. > > Benefits would be good review for some people, good tutorial for others, good opportunity for some others to hone their skills as constructive reviews evolved, opportunity to get different perspectives while action is occurring (in contrast with the IBD Monday Morning quarterbacking such as the cup with or without handles). > > At the end of the day, discussion ends on the one or two issues served up. > > > > > > Agree? > > Disagree? > > Nonsense? > > Flawed proposal? > > > > > > > > > > > > > > ----- Original Message ----- > > From: Ian > > To: canslim@lists.xmission.com > > Sent: Wednesday, August 07, 2002 3:38 PM > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > > In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron > > > > I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? > > > > Ian > > > > BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. > > > > > > ----- Original Message ----- > > From: Vanchee1@aol.com > > To: canslim@lists.xmission.com > > Sent: Wednesday, August 07, 2002 11:38 AM > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > > Here is one similar to CHTT, what do you think. > > > > DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 > > > > CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 > > > > CHTT does have double the margin but much more dept. comments > > > > Chris > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: [CANSLIM] Zillagirl Date: 08 Aug 2002 01:49:25 EDT --part1_109.16ac5253.2a836065_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello Zillagirl, I offer another explanation as to why people won't share their lists. It goes back to, "Give a man a fish and he'll eat for a day, teach a man to fish and he'll eat for life." Or, as Bruce Lee said, "I cannot teach you this method or that method. I can only teach you to explore yourself." In many ways, that's exactly what I see happening on this Board. When people point out resources, they are giving you all that you need until you have explored that resource to your own satisfaction and edification. To walk you step by step through the process is not only a possible infringement on their good nature and time, it is also a disservice to you. This is the "exploring yourself" part of the Journey. The more experienced Members have a process that works for them and is usually as a result of much trial and error. That groping is part of the process, as it's very unlikely you'll stumble upon a ready made system of somebody else's that suits your needs exactly. It is by studying as much as you can that you develop skills that teach you not only how to use the tools, but also why they're used the way they are. This goes down to learning how to use Excel sheets and Downloading files. If you thirst for the knowledge, you will find a way to gain it, with or without the help of others. I find "Help" menus have served me well in times of trouble. The good thing here is that there are so many able and willing souls to assist you. I know I have found that the times I'm most willing to do things for myself are the exact times someone comes along to offer help. (Most often for me it's been this Guiding Light I met on a Board much like this, but that's another story) Our personal Watchlists are not a secret, if I may speak for others. As another Member noted, many of the picks we come to on our own are well known and much discussed on this Board. Simply perusing the Daily Screen on IBD will give you some wonderful candidates to work with. The trick is, now that you know about them, what are you going to do with them? Your not missing out on very many "secrets" in the way of picks, except maybe with Tom's small caps (I like 'em too, Tom) This is where developing your own methodology is so important. To that end, you might start by going through HTMMIS and deriving a process by which you'll evaluate stocks that you come across. Write down the things WON mentions that are important and make your list. Decide that those which past this list will go on a Watchlist. After you have that list (and keep updating it regularly) do deeper Due Diligence (DD) until you are satisfied that you would buy whichever stocks if their chart patterns present an opportunity. Put those on your Ready To Buy List then watch them like a hawk for that opportunity. Simply working out the details of this will keep you learning for a good while. And it's ultimately what we're all doing to get our lists, in one way or another. Personally, I agree with those that prefer not to post their lists. The reason is that a list is not separate from the process by which it was derived. To share the list is to share the process. To share the process is to assume the person it's being shared with is going to relate to your way of looking at the problem. That's a huge assumption. It leaves alot of room for misunderstanding and disagreement. And it's always probable that what works for another may not work for you. That's just a consequence of being individuals. The funny thing is, there is one person willing to share both lists and process, and is a master at doing it. That, of course, is William O'Neil. It is his process that is much debated and interpreted here. In that context it's easy to see why it'd be difficult for any here to really share their methods. As open book as O'Neil's method is, it's still not easily grasped or executed. And he is in the business of letting you in on his "secrets." What chance do we have of really being able to pass on our approach without exposing it to misunderstanding, and useless defending? No, instead I recommend letting the Experienced teach you to explore yourself. You obviously have the desire to learn. But trading, like any discipline, takes alot of working with, alot of patience, and a love of learning. As I see it, CANSLIM is not a get rich quick method but a Discipline to Master that leads to Wealth. I think most would agree that part of that Wealth is the inner growth developed to master the method (which, incidentally, I have not). Spend some time working with the ideas you have been given to this point by so many and see how pondering them helps you grow. It's a process we all go through, and continue to go through. I don't think the learning ends until you quit. The Board will be here when you need them, but much more is gained, I believe, by taking a bite at a time then chewing for a while. Best Wishes for a rewarding Journey, Robert W. Elmer --part1_109.16ac5253.2a836065_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello Zillagirl,

I offer another explanation as to why people won't share their lists. It goes back to, "Give a man a fish and he'll eat for a day, teach a man to fish and he'll eat for life." Or, as Bruce Lee said, "I cannot teach you this method or that method. I can only teach you to explore yourself."

In many ways, that's exactly what I see happening on this Board. When people point out resources, they are giving you all that you need until you have explored that resource to your own satisfaction and edification. To walk you step by step through the process is not only a possible infringement on their good nature and time, it is also a disservice to you. This is the "exploring yourself" part of the Journey. The more experienced Members have a process that works for them and is usually as a result of much trial and error. That groping is part of the process, as it's very unlikely you'll stumble upon a ready made system of somebody else's that suits your needs exactly. It is by studying as much as you can that you develop skills that teach you not only how to use the tools, but also why they're used the way they are. This goes down to learning how to use Excel sheets and Downloading files. If you thirst for the knowledge, you will find a way to gain it, with or without the help of others. I find "Help" menus have served me well in times of trouble. The good thing here is that there are so many able and willing souls to assist you. I know I have found that the times I'm most willing to do things for myself are the exact times someone comes along to offer help. (Most often for me it's been this Guiding Light I met on a Board much like this, but that's another story)

Our personal Watchlists are not a secret, if I may speak for others. As another Member noted, many of the picks we come to on our own are well known and much discussed on this Board. Simply perusing the Daily Screen on IBD will give you some wonderful candidates to work with. The trick is, now that you know about them, what are you going to do with them? Your not missing out on very many "secrets" in the way of picks, except maybe with Tom's small caps (I like 'em too, Tom) This is where developing your own methodology is so important. To that end, you might start by going through HTMMIS and deriving a process by which you'll evaluate stocks that you come across. Write down the things WON mentions that are important and make your list. Decide that those which past this list will go on a Watchlist. After you have that list (and keep updating it regularly) do deeper Due Diligence (DD) until you are satisfied that you would buy whichever stocks if their chart patterns present an opportunity. Put those on your Ready To Buy List then watch them like a hawk for that opportunity. Simply working out the details of this will keep you learning for a good while. And it's ultimately what we're all doing to get our lists, in one way or another.

Personally, I agree with those that prefer not to post their lists. The reason is that a list is not separate from the process by which it was derived. To share the list is to share the process. To share the process is to assume the person it's being shared with is going to relate to your way of looking at the problem. That's a huge assumption. It leaves alot of room for misunderstanding and disagreement. And it's always probable that what works for another may not work for you. That's just a consequence of being individuals. The funny thing is, there is one person willing to share both lists and process, and is a master at doing it. That, of course, is William O'Neil. It is his process that is much debated and interpreted here. In that context it's easy to see why it'd be difficult for any here to really share their methods. As open book as O'Neil's method is, it's still not easily grasped or executed. And he is in the business of letting you in on his "secrets." What chance do we have of really being able to pass on our approach without exposing it to misunderstanding, and useless defending? No, instead I recommend letting the Experienced teach you to explore yourself.

You obviously have the desire to learn. But trading, like any discipline, takes alot of working with, alot of patience, and a love of learning. As I see it, CANSLIM is not a get rich quick method but a Discipline to Master that leads to Wealth. I think most would agree that part of that Wealth is the inner growth developed to master the method (which, incidentally, I have not). Spend some time working with the ideas you have been given to this point by so many and see how pondering them helps you grow. It's a process we all go through, and continue to go through. I don't think the learning ends until you quit. The Board will be here when you need them, but much more is gained, I believe, by taking a bite at a time then chewing for a while.

Best Wishes for a rewarding Journey,

Robert W. Elmer
--part1_109.16ac5253.2a836065_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) Date: 08 Aug 2002 02:01:29 -0500 Hi Harvey, The high Long Term Debt to Equity comes from 2 sources: an aggressive stock buyback program (reducing equity) and a strategy of financing acquisitions via debt (increasing debt). The latest deal, for example, was a purchase of SelsunBlue from Abbott Labs for about $75m, financed with $45m in borrowings. The company seems to be fairly aggressive about using leverage where possible, and that is not surprising given the mature products that they take under wing in their portfolio reshaping program. They are also fairly aggressive about managing their debt facilities, most likely to take advantage of lower interest rates where possible. For example, they sold Ban in early 2001, then used the proceeds to retire $52m in senior debt. It's not all that uncommon for companies to rejigger their debt to equity ratios given their chosen business strategies. Interestingly, in June of this year, they announced a proposed primary offering of 1.8m shares, but withdrew the offering, citing "adverse market conditions." While a D/E of nearly 400% sounds scary, the more important thing to look for is their cash flow and ability to cover interest payments. If financing acquisitions through debt also allows them to build a broad product offering and increase net income as a result, then the interest paid becomes an investment, so to speak. If they do a lousy job of executing their strategies (sell non performing brands, acquire others, extend existing lines), then the interest will kill them. So far, so good. Beyond the D/E issue...CHTT was just an example thrown out in the discussion on "consumer stocks." Just as in the discussion of P&G earlier today, the "N" can come from many sources. Sometimes it's something as simple as leveraging a brand properly, as P&G has done with the Crest spinbrush and Crest Whitening Strips (by the way, about $50 for the box, premium pricing, but still a fraction of what it would cost to have it done with a special light activated process like Brite Smile's (BSML), or done "professionally" by a dentist.). Katherine PS Here are some quotes form CHTT's 10Q, which you can see in full at http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000931763-02-0 02300 "We have historically financed our operations and acquisitions with a combination of internally generated funds and borrowings. Our principal uses of cash are working capital, servicing and repayments of long-term debt, acquisitions, repurchases of our common stock and capital expenditures." "In fiscal 1999, our board of directors authorized repurchases of our common stock of up to $10.0 million in the aggregate. In April 2000, our board of directors authorized repurchases of up to an additional $10.0 million of our common stock. Under these authorizations, 172,500 shares at a cost of $3.9 million were repurchased in fiscal 1999 876,500 shares at a cost of $9.5 million were repurchased in fiscal 2000 and 14,000 shares at a cost of $0.2 million were repurchased in fiscal 2001. In February 2002, we repurchased, and returned to unissued, 44,000 shares for $0.6 million. As of May 31, 2002, the remaining amount authorized by our board of directors under our stock buyback plan was $5.8 million; however, we are limited in our ability to repurchase shares due to restrictions under the terms of the indenture for our 8.875% notes and our senior credit facility. We believe that cash provided by operating activities, our cash and cash equivalents balance, the net proceeds that we receive from our currently pending offering of common stock after debt repayment and funds available under the revolver of our senior credit facility will be sufficient to fund our capital expenditures, debt service and working capital requirements for the foreseeable future as our business is currently conducted. Any acquisitions that we make in the future may require us to obtain additional financing." ----- Original Message ----- Sent: Wednesday, August 07, 2002 1:13 PM > These look interesting Katherine. It's hard to get excited about > cosmetics and weight loss products but with the high GRS rating, they've > obviously been doing well. I see they all have strong EPS estimates for > this FY. CHTT looks the strongest in cash flow and ROE and I favor > smaller companies anyway so I'd lean toward this one. The chart is > pretty wide and lose, so not classic CANSLIM. Do you have any idea what > their 389% debt to equity ratio is all about? -Harvey > > Katherine Malm wrote: > > > Here's another view of "consumer" stocks--take a look at stocks like > > NBTY, WTW, CHTT, all of which have pros/cons, but nonetheless > > something unexpected. Who would've thought that HD might've done so > > well simply by consolidating a fragmented industry and redefining > > "home improvement"? Sometimes it's the unexpected which does the best > > while everybody else is looking to the obvious. Katherine > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mike Gibbons Subject: Re: TI_CANSLIM [Was Re: [CANSLIM] Identifying NEW leaders] Date: 07 Aug 2002 21:15:31 -1000 Thanks Harvey. That proves where the strength lies. Right here. On Wed, 2002-08-07 at 19:38, Harvey Brion wrote: > Mike, Here is the final post to the Technical Indicators list on Yahoo Groups: > > Subject: [TI_CANSLIM] Thank you for your participation > Date: Wed, 03 Apr 2002 05:19:23 -0000 > From: "kent_norman" > Reply-To: TI_CANSLIM@yahoogroups.com > To: TI_CANSLIM@yahoogroups.com > > > To all the members of TI_CANSLIM > > This group was formed, as a response to a desire to keep the > discussion of technical indicators off of the CANSLIM group since some > felt it was not "pure" CANSLIM and a deviation from the main theme. > Rather than have dissention, I felt a new group could run in parallel > with the original group without distracting from the main theme of the > original CANSLIM group. > > While initial participation was encouraging, there has been no > activity since December 20, 2001. Due to the lack of use, I feel it is > necessary to disband the group. > > Should the need arise in the future, anyone can create a group with > ease. Go to > www.yahoo.com > click on GROUPS/CLUBS > click START A GROUP > > I will continue to haunt the CANSLIM group. It is an excellent > community and very educational. The participants are top notch and a > pleasure to deal with. > > May your days be profitable. > Kent Norman > > > Mike Gibbons wrote: > > > Hi Tom, > > > > Do you happen to recall the address of the Technical Analysis list? > > > > -- > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > On Wed, 2002-08-07 at 17:11, Tom Worley wrote: > > > Winston, nice idea which I could support with reservations. I would hate for a newcomer seriously trying to learn CANSLIM be prevented from discussing a stock he/she has found simply because it is the third one mentioned that day, especially if the first two turned out to be dogs. > > > > > > As an alternative idea, a year or two ago, some members that wanted to discuss technical analysis in more depth formed a new group for this. Didn't seem to harm this group, but took the discussion to a different forum. That could be done with this as well, form a "stock of the day" discussion group. > > > > > > ----- Original Message ----- > > > From: Winston Little > > > To: canslim@lists.xmission.com > > > Sent: Wednesday, August 07, 2002 3:54 PM > > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > > > > > Two groups have emerged. > > > One group is asking for help with tutorial discussion of a "potential list", the other group stating that the purpose of this board is not to identify specific issues. > > > The position of both groups have merit. > > > A middle ground may be for anyone to post a particular stock (maximum of two for the entire group each day, first come first served). > > > The person posting, MUST give some background on the stock and some listing of what makes the person believe it is a potential for the day's CANSLIM discussion. > > > Once posted with the necessary background information, discussion on the merits, flaws and cautions could follow. > > > Benefits would be good review for some people, good tutorial for others, good opportunity for some others to hone their skills as constructive reviews evolved, opportunity to get different perspectives while action is occurring (in contrast with the IBD Monday Morning quarterbacking such as the cup with or without handles). > > > At the end of the day, discussion ends on the one or two issues served up. > > > > > > > > > Agree? > > > Disagree? > > > Nonsense? > > > Flawed proposal? > > > > > > > > > > > > > > > > > > > > > ----- Original Message ----- > > > From: Ian > > > To: canslim@lists.xmission.com > > > Sent: Wednesday, August 07, 2002 3:38 PM > > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > > > > > In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron > > > > > > I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? > > > > > > Ian > > > > > > BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. > > > > > > > > > ----- Original Message ----- > > > From: Vanchee1@aol.com > > > To: canslim@lists.xmission.com > > > Sent: Wednesday, August 07, 2002 11:38 AM > > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > > > > > Here is one similar to CHTT, what do you think. > > > > > > DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 > > > > > > CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 > > > > > > CHTT does have double the margin but much more dept. comments > > > > > > Chris > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. -- Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mike Gibbons Subject: Re: [CANSLIM] Zillagirl Date: 07 Aug 2002 21:26:27 -1000 Zen and the Art of Watchlist Maintenance. Very well put Robert. On Wed, 2002-08-07 at 19:49, RWElmer@aol.com wrote: > Hello Zillagirl, > > I offer another explanation as to why people won't share their lists. It goes > back to, "Give a man a fish and he'll eat for a day, teach a man to fish and > he'll eat for life." Or, as Bruce Lee said, "I cannot teach you this method > or that method. I can only teach you to explore yourself." > > In many ways, that's exactly what I see happening on this Board. When people > point out resources, they are giving you all that you need until you have > explored that resource to your own satisfaction and edification. To walk you > step by step through the process is not only a possible infringement on their > good nature and time, it is also a disservice to you. This is the "exploring > yourself" part of the Journey. The more experienced Members have a process > that works for them and is usually as a result of much trial and error. That > groping is part of the process, as it's very unlikely you'll stumble upon a > ready made system of somebody else's that suits your needs exactly. It is by > studying as much as you can that you develop skills that teach you not only > how to use the tools, but also why they're used the way they are. This goes > down to learning how to use Excel sheets and Downloading files. If you thirst > for the knowledge, you will find a way to gain it, with or without the help > of others. I find "Help" menus have served me well in times of trouble. The > good thing here is that there are so many able and willing souls to assist > you. I know I have found that the times I'm most willing to do things for > myself are the exact times someone comes along to offer help. (Most often for > me it's been this Guiding Light I met on a Board much like this, but that's > another story) > > Our personal Watchlists are not a secret, if I may speak for others. As > another Member noted, many of the picks we come to on our own are well known > and much discussed on this Board. Simply perusing the Daily Screen on IBD > will give you some wonderful candidates to work with. The trick is, now that > you know about them, what are you going to do with them? Your not missing out > on very many "secrets" in the way of picks, except maybe with Tom's small > caps (I like 'em too, Tom) This is where developing your own methodology is > so important. To that end, you might start by going through HTMMIS and > deriving a process by which you'll evaluate stocks that you come across. > Write down the things WON mentions that are important and make your list. > Decide that those which past this list will go on a Watchlist. After you have > that list (and keep updating it regularly) do deeper Due Diligence (DD) until > you are satisfied that you would buy whichever stocks if their chart patterns > present an opportunity. Put those on your Ready To Buy List then watch them > like a hawk for that opportunity. Simply working out the details of this will > keep you learning for a good while. And it's ultimately what we're all doing > to get our lists, in one way or another. > > Personally, I agree with those that prefer not to post their lists. The > reason is that a list is not separate from the process by which it was > derived. To share the list is to share the process. To share the process is > to assume the person it's being shared with is going to relate to your way of > looking at the problem. That's a huge assumption. It leaves alot of room for > misunderstanding and disagreement. And it's always probable that what works > for another may not work for you. That's just a consequence of being > individuals. The funny thing is, there is one person willing to share both > lists and process, and is a master at doing it. That, of course, is William > O'Neil. It is his process that is much debated and interpreted here. In that > context it's easy to see why it'd be difficult for any here to really share > their methods. As open book as O'Neil's method is, it's still not easily > grasped or executed. And he is in the business of letting you in on his > "secrets." What chance do we have of really being able to pass on our > approach without exposing it to misunderstanding, and useless defending? No, > instead I recommend letting the Experienced teach you to explore yourself. > > You obviously have the desire to learn. But trading, like any discipline, > takes alot of working with, alot of patience, and a love of learning. As I > see it, CANSLIM is not a get rich quick method but a Discipline to Master > that leads to Wealth. I think most would agree that part of that Wealth is > the inner growth developed to master the method (which, incidentally, I have > not). Spend some time working with the ideas you have been given to this > point by so many and see how pondering them helps you grow. It's a process we > all go through, and continue to go through. I don't think the learning ends > until you quit. The Board will be here when you need them, but much more is > gained, I believe, by taking a bite at a time then chewing for a while. > > Best Wishes for a rewarding Journey, > > Robert W. Elmer > -- Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Zillagirl Date: 08 Aug 2002 03:42:12 EDT --part1_1a3.6927760.2a837ad4_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike, Persig would be proud ... (That made me laugh out loud, BTW!) Aloha, Robert W. Elmer --part1_1a3.6927760.2a837ad4_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike,

Persig would be proud ...

(That made me laugh out loud, BTW!)

Aloha,

Robert W. Elmer
--part1_1a3.6927760.2a837ad4_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 08 Aug 2002 04:27:27 -0400 Hi Mike, Don't know if the address is still good, but was TI_CANSLIM@yahoogroups.com ----- Original Message ----- Sent: Thursday, August 08, 2002 12:26 AM Hi Tom, Do you happen to recall the address of the Technical Analysis list? -- Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com On Wed, 2002-08-07 at 17:11, Tom Worley wrote: > Winston, nice idea which I could support with reservations. I would hate for a newcomer seriously trying to learn CANSLIM be prevented from discussing a stock he/she has found simply because it is the third one mentioned that day, especially if the first two turned out to be dogs. > > As an alternative idea, a year or two ago, some members that wanted to discuss technical analysis in more depth formed a new group for this. Didn't seem to harm this group, but took the discussion to a different forum. That could be done with this as well, form a "stock of the day" discussion group. > > ----- Original Message ----- > From: Winston Little > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 3:54 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Two groups have emerged. > One group is asking for help with tutorial discussion of a "potential list", the other group stating that the purpose of this board is not to identify specific issues. > The position of both groups have merit. > A middle ground may be for anyone to post a particular stock (maximum of two for the entire group each day, first come first served). > The person posting, MUST give some background on the stock and some listing of what makes the person believe it is a potential for the day's CANSLIM discussion. > Once posted with the necessary background information, discussion on the merits, flaws and cautions could follow. > Benefits would be good review for some people, good tutorial for others, good opportunity for some others to hone their skills as constructive reviews evolved, opportunity to get different perspectives while action is occurring (in contrast with the IBD Monday Morning quarterbacking such as the cup with or without handles). > At the end of the day, discussion ends on the one or two issues served up. > > > Agree? > Disagree? > Nonsense? > Flawed proposal? > > > > > > > ----- Original Message ----- > From: Ian > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 3:38 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron > > I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? > > Ian > > BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. > > > ----- Original Message ----- > From: Vanchee1@aol.com > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 11:38 AM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > Here is one similar to CHTT, what do you think. > > DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 > > CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 > > CHTT does have double the margin but much more dept. comments > > Chris > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 08 Aug 2002 04:30:59 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0012_01C23E94.657CE100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I guess some people could be sensitive to that, but I don't think that = is a primary reason, least not for me.=20 ----- Original Message -----=20 Sent: Thursday, August 08, 2002 12:39 AM Watchlist)] Tom - your comment on how 10 people see a chart 10 ways made me think. = Is there a chance that because of this, people dont want their lists = torn apart 10 different ways by 10 different sets of eyes. That would = make a lot more sense to me then -I did the work and your not getting it = and it's for your own good even if you dont know how to do the work. ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 8:46 PM Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee = Watchlist)] Kris, best suggestion / advice I have given to new investors to = CANSLIM is, of course, read and then study HTMMIS (preferably the 3rd = edition now that it has been released) and the 24 Lessons. Next, post a = stock you believe is worthy of CANSLIM discussion. Tell us both what = strengths and weaknesses you see in it. I guarantee that at least one or = two members (myself included) will look at the chart and give you = feedback. Over the years, I have found that if 10 people look at exactly the = same chart, they will each have their own specific things they look for = and comment on. ----- Original Message -----=20 From: KrisFg@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 9:10 PM Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee = Watchlist)] Katherine, Nancy articulated my thoughts while I was struggling with = my post. ---- My question is, what would be the harm of adding say the top two = or three stocks from each interested persons list( who would choose to = participate)-to be dissected by the group. A person like me who is = relatively new to canslim would probably have my stocks shot down right = away. =20 -----But some of the smarter canslimers on the site, who have a lot = more time and knowledge, or computer savvy could probably pinpoint the = possible great ones from the O.K. ones easily, where I would never see = it at this point. =20 ----- Bill Oneil said even he needed a 3 year learning curve before he = started to get the system and become profitable.=20 ----- If the market turns in 6 months and leaders start to emerge in a = year or so- this type of brainstorming may give all boats a chance to = rise with the tide. Otherwise , any of us that haven't had the three = year curve may very well miss a great buying opportunity.=20 -----I don't see how anyone would lose from sharing their = knowledge-where would we all be if Bill O. felt that way. Even he puts = out lists- =20 Please rid yourself of the thought that I would use a list as a crutch = instead of something to gather knowledge. Kris=20 ------=_NextPart_000_0012_01C23E94.657CE100 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I guess some people could be sensitive to that, = but I=20 don't think that is a primary reason, least not for me.
 
----- Original Message -----=20
From: zillagirl
Sent: Thursday, August 08, 2002 12:39 AM
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List = (nee=20 Watchlist)]

Tom - your comment on how 10 people see = a chart 10=20 ways made me think. Is there a chance that  because of this, = people=20 dont want their lists torn apart  10 different ways by 10 different = sets of=20 eyes.  That would make a lot more sense to me then -I did the work = and your=20 not getting it and it's for your own good even if you dont know how to = do the=20 work.
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, August 07, = 2002 8:46=20 PM
Subject: Re: [CANSLIM] Re: = Learning curve=20 [was: Hunting List (nee Watchlist)]

Kris, best suggestion / advice I have given to = new=20 investors to CANSLIM is, of course, read and then study HTMMIS = (preferably the=20 3rd edition now that it has been released) and the 24 Lessons. Next, = post a=20 stock you believe is worthy of CANSLIM discussion. Tell us both what = strengths=20 and weaknesses you see in it. I guarantee that at least one or two = members=20 (myself included) will look at the chart and give you = feedback.
 
Over the years, I have found that if 10 people = look at=20 exactly the same chart, they will each have their own specific things = they=20 look for and comment on.
 
----- Original Message -----=20
From: KrisFg@aol.com
Sent: Wednesday, August 07, 2002 9:10 PM
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting = List (nee=20 Watchlist)]

Katherine, Nancy articulated my thoughts while I = was=20 struggling with my post.

---- My question is, what would be the = harm of=20 adding say the top two or three stocks from each  interested=20 persons list( who would choose to participate)-to be dissected by = the=20 group. A person like me who is relatively new to canslim would = probably have=20 my stocks shot down right away. 
-----But some of the smarter = canslimers on the site, who have a lot more time  and = knowledge, or=20 computer savvy could probably pinpoint the possible great ones = from the=20 O.K. ones easily, where I would never see it at this = point.  =20
----- Bill Oneil said even he needed a 3 year learning curve = before he=20 started to get the system and become profitable.
----- If the = market turns=20 in 6 months and leaders start to emerge in a year or so- this type of=20 brainstorming may give all boats a chance to rise with the tide.  = Otherwise , any of us that haven't had the three year curve may very = well miss=20 a great buying opportunity.
-----I don't see how anyone would lose = from=20 sharing their knowledge-where would we all be if Bill O. felt that = way. Even=20 he puts out lists- 

Please rid yourself of the thought that I would = use a list=20 as a crutch instead of something to gather = knowledge.

Kris=20 ------=_NextPart_000_0012_01C23E94.657CE100-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: [CANSLIM] Zillagirl Part 2 Date: 08 Aug 2002 04:57:22 EDT --part1_55.2b711bf2.2a838c72_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello again, Was just catching up on "Today In IBD" and ran across an article that seemed tailor made for the themes discussed on this Board Wednesday. Assuming you have Online access to IBD, at www.investors.com, click the Smart Investor link under Today In IBD. The first article is entitled, "Use 'My Stock Lists' To Track Market." It's right along the lines of the process I briefly described, but with the details fleshed in. It even talks a little about using Excel spreadsheets in conjunction with your Watchlists. Opportunity presents itself. Here's the direct address to the article, but you'll have to sign in: http://www.investors.com/editorial/web00.asp?v=8/8 Good luck! Robert W. Elmer --part1_55.2b711bf2.2a838c72_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello again,

Was just catching up on "Today In IBD" and ran across an article that seemed tailor made for the themes discussed on this Board Wednesday. Assuming you have Online access to IBD, at www.investors.com, click the Smart Investor link under Today In IBD. The first article is entitled, "Use 'My Stock Lists' To Track Market." It's right along the lines of the process I briefly described, but with the details fleshed in. It even talks a little about using Excel spreadsheets in conjunction with your Watchlists. Opportunity presents itself.

Here's the direct address to the article, but you'll have to sign in: http://www.investors.com/editorial/web00.asp?v=8/8

Good luck!

Robert W. Elmer
--part1_55.2b711bf2.2a838c72_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Jim Daniels" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 08 Aug 2002 07:56:35 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0112_01C23EB1.1DF4A120 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good Morning, I have been a long time lurker to this group and finally found something = I knew a little about. I work for a company that competes with CBI. = CBI is the leader in the tank erection field. There recent purchases of = PDM and Howe Baker has increased their sales and profit margins. Since = I know how competitive this field is, I probably would never invest in = CBI. CBI is in a very mature, highly competitive market and I don't = really see them growing at a very rapid rate. Since I've been lurking for a while, I wanted to thank some of the = regulars for their intelligent discussion concerning CANSLIM. I enjoy = my morning coffe with expert commentary from Katherine, Tom, Duke, and = many others. Thanks for your insight. Jim ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:45 PM Subject: Re: [CANSLIM] Identifying NEW leaders CBI was offered for comment. My viiews are: Earnings cause some concern. Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also had = a loss of (-$0.13). The last four quarters were all positive and strong ($1.91), but I = could not find a pattern in the flow of earnings. Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 = and Q2 of 2002, again making me uneasy. Looking at the price-volume chart, I see relatively light trading (I = prefer at least 80,000 to 100,000 shares/day). Some increase occurs at about 02 July, but on an irregular basis. Price had been falling from 14 May until 23 July, then turned up. Last three days were down. Next I looked at a three year and a five year chart. Extrapolation on both of these imply that the next move is down. In summary: C=3D quarterly eps growing but irregular A=3D growing in last two years (this smoothes out the irregular = quarters) N=3D Moved from bridge building to newer storage tanks including use = for cryogenic and microelectronics S =3D ???? 21 million shares outstanding (47,000 traded/day). Market = Cap =3D $549 million. L =3D Is #2 in group #63 I =3D appears a little weak ( but they have been sneaking in since 02 = July) M=3D Quick rotating market I need to see a little more action up or down before I would commit = or avoid this one, but it is certainly a good candidate to watch. ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw = one out with a terribly ugly chart, but very solid current and forward = CANSLIM fundamentals ... (and besides, I love their name - the Engineer = in me has always wanted to buy stocks like this): CBI-NYSE, Chicago = Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_0112_01C23EB1.1DF4A120 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Good Morning,
 
I have been a long time lurker to this = group and=20 finally found something I knew a little about.  I work for a = company that=20 competes with CBI.  CBI is the leader in the tank erection = field. =20 There recent purchases of PDM and Howe Baker has increased their sales = and=20 profit margins.  Since I know how competitive this field is, I = probably would never invest in CBI.  CBI is in a very mature, = highly=20 competitive market and I don't really see them growing at a very rapid=20 rate.
 
Since I've been lurking for a while, I = wanted to=20 thank some of the regulars for their intelligent discussion concerning=20 CANSLIM.  I enjoy my morning coffe with expert commentary from = Katherine,=20 Tom, Duke, and many others.
 
Thanks for your insight.
 
Jim
 
----- Original Message -----
From:=20 Winston=20 Little
Sent: Wednesday, August 07, = 2002 4:45=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

CBI was offered for comment.
 
My viiews are:
 
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18) =  and Q2=20 of 2001 also had a loss of (-$0.13).
The last four quarters were all positive and = strong ($1.91),=20 but I could not find a pattern in the flow of earnings.
Revenues grew in all four quarters of 2000 and = 2001, then=20 fell in Q1 and Q2 of 2002, again making me uneasy.
 
Looking at the price-volume chart, I see = relatively light=20 trading (I prefer at least 80,000 to 100,000 = shares/day).
Some increase occurs at about 02 July, but on an = irregular=20 basis.
Price had been falling from 14 May until 23 July, = then=20 turned up.
Last three days were down.
Next I looked at a three year and a five year=20 chart.
Extrapolation on both of these imply that the next = move is=20 down.
 
In summary:
C=3D quarterly eps growing but = irregular
A=3D growing in last two years (this smoothes out = the=20 irregular quarters)
N=3D Moved from bridge building to newer storage = tanks=20 including use for cryogenic and microelectronics
S =3D ????   21 million shares = outstanding (47,000=20 traded/day). Market Cap =3D $549 million.
L =3D Is #2 in group #63
I =3D appears a little weak ( but they have been = sneaking in=20 since 02 July)
M=3D Quick rotating market
 
I need to see a little more  action up or = down before I=20 would commit or avoid this one, but it is certainly a good = candidate to=20 watch.
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago=20 Bridge and Iron
 
I am particularly intrigued by the combination = of a strong=20 grwing backlog, relatively low historical valuation and a sustained = recent=20 increase in ADV. However, the chart is awful. Any opinions on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in the=20 last few years, until this past June. It amazes me that everything = can be=20 weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is one = similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, = EPS of=20 .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last = qtr of=20 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT=20 does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_0112_01C23EB1.1DF4A120-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 08 Aug 2002 08:01:58 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0262_01C23EB1.DE864470 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Welcome to the group, Jim, and thanks for the contribution. Maybe now = that you are no longer a lurker, we will hear from you more often. You = might be surprised at what you know and don't realize it. ----- Original Message -----=20 Sent: Thursday, August 08, 2002 7:56 AM Good Morning, I have been a long time lurker to this group and finally found something = I knew a little about. I work for a company that competes with CBI. = CBI is the leader in the tank erection field. There recent purchases of = PDM and Howe Baker has increased their sales and profit margins. Since = I know how competitive this field is, I probably would never invest in = CBI. CBI is in a very mature, highly competitive market and I don't = really see them growing at a very rapid rate. Since I've been lurking for a while, I wanted to thank some of the = regulars for their intelligent discussion concerning CANSLIM. I enjoy = my morning coffe with expert commentary from Katherine, Tom, Duke, and = many others. Thanks for your insight. Jim ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:45 PM Subject: Re: [CANSLIM] Identifying NEW leaders CBI was offered for comment. My viiews are: Earnings cause some concern. Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also had = a loss of (-$0.13). The last four quarters were all positive and strong ($1.91), but I = could not find a pattern in the flow of earnings. Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 = and Q2 of 2002, again making me uneasy. Looking at the price-volume chart, I see relatively light trading (I = prefer at least 80,000 to 100,000 shares/day). Some increase occurs at about 02 July, but on an irregular basis. Price had been falling from 14 May until 23 July, then turned up. Last three days were down. Next I looked at a three year and a five year chart. Extrapolation on both of these imply that the next move is down. In summary: C=3D quarterly eps growing but irregular A=3D growing in last two years (this smoothes out the irregular = quarters) N=3D Moved from bridge building to newer storage tanks including use = for cryogenic and microelectronics S =3D ???? 21 million shares outstanding (47,000 traded/day). Market = Cap =3D $549 million. L =3D Is #2 in group #63 I =3D appears a little weak ( but they have been sneaking in since 02 = July) M=3D Quick rotating market I need to see a little more action up or down before I would commit = or avoid this one, but it is certainly a good candidate to watch. ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw = one out with a terribly ugly chart, but very solid current and forward = CANSLIM fundamentals ... (and besides, I love their name - the Engineer = in me has always wanted to buy stocks like this): CBI-NYSE, Chicago = Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_0262_01C23EB1.DE864470 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Welcome to the group, Jim, and thanks for the=20 contribution. Maybe now that you are no longer a lurker, we will hear = from you=20 more often. You might be surprised at what you know and don't realize=20 it.
 
----- Original Message -----=20
From: Jim Daniels
Sent: Thursday, August 08, 2002 7:56 AM
Subject: Re: [CANSLIM] Identifying NEW leaders

Good Morning,
 
I have been a long time lurker to this = group and=20 finally found something I knew a little about.  I work for a = company that=20 competes with CBI.  CBI is the leader in the tank erection = field. =20 There recent purchases of PDM and Howe Baker has increased their sales = and=20 profit margins.  Since I know how competitive this field is, I = probably would never invest in CBI.  CBI is in a very mature, = highly=20 competitive market and I don't really see them growing at a very rapid=20 rate.
 
Since I've been lurking for a while, I = wanted to=20 thank some of the regulars for their intelligent discussion concerning=20 CANSLIM.  I enjoy my morning coffe with expert commentary from = Katherine,=20 Tom, Duke, and many others.
 
Thanks for your insight.
 
Jim
 
----- Original Message -----
From:=20 Winston=20 Little
Sent: Wednesday, August 07, = 2002 4:45=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

CBI was offered for comment.
 
My viiews are:
 
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18) =  and Q2=20 of 2001 also had a loss of (-$0.13).
The last four quarters were all positive and = strong ($1.91),=20 but I could not find a pattern in the flow of earnings.
Revenues grew in all four quarters of 2000 and = 2001, then=20 fell in Q1 and Q2 of 2002, again making me uneasy.
 
Looking at the price-volume chart, I see = relatively light=20 trading (I prefer at least 80,000 to 100,000 = shares/day).
Some increase occurs at about 02 July, but on an = irregular=20 basis.
Price had been falling from 14 May until 23 July, = then=20 turned up.
Last three days were down.
Next I looked at a three year and a five year=20 chart.
Extrapolation on both of these imply that the next = move is=20 down.
 
In summary:
C=3D quarterly eps growing but = irregular
A=3D growing in last two years (this smoothes out = the=20 irregular quarters)
N=3D Moved from bridge building to newer storage = tanks=20 including use for cryogenic and microelectronics
S =3D ????   21 million shares = outstanding (47,000=20 traded/day). Market Cap =3D $549 million.
L =3D Is #2 in group #63
I =3D appears a little weak ( but they have been = sneaking in=20 since 02 July)
M=3D Quick rotating market
 
I need to see a little more  action up or = down before I=20 would commit or avoid this one, but it is certainly a good = candidate to=20 watch.
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago=20 Bridge and Iron
 
I am particularly intrigued by the combination = of a strong=20 grwing backlog, relatively low historical valuation and a sustained = recent=20 increase in ADV. However, the chart is awful. Any opinions on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in the=20 last few years, until this past June. It amazes me that everything = can be=20 weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is one = similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, = EPS of=20 .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last = qtr of=20 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT=20 does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_0262_01C23EB1.DE864470-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] Identifying NEW leaders Date: 08 Aug 2002 09:00:55 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_004C_01C23EBA.1ADB1600 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jim: Thanks for your input on CBI. You have added information that I do not and would not have available. Your input has allowed me to firm up my rudimentary assessment of the = company. I do hope that there will be more input from you in the future on other = items. ----- Original Message -----=20 From: Jim Daniels=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 7:56 AM Subject: Re: [CANSLIM] Identifying NEW leaders Good Morning, I have been a long time lurker to this group and finally found = something I knew a little about. I work for a company that competes = with CBI. CBI is the leader in the tank erection field. There recent = purchases of PDM and Howe Baker has increased their sales and profit = margins. Since I know how competitive this field is, I probably would = never invest in CBI. CBI is in a very mature, highly competitive market = and I don't really see them growing at a very rapid rate. Since I've been lurking for a while, I wanted to thank some of the = regulars for their intelligent discussion concerning CANSLIM. I enjoy = my morning coffe with expert commentary from Katherine, Tom, Duke, and = many others. Thanks for your insight. Jim ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:45 PM Subject: Re: [CANSLIM] Identifying NEW leaders CBI was offered for comment. My viiews are: Earnings cause some concern. Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also = had a loss of (-$0.13). The last four quarters were all positive and strong ($1.91), but I = could not find a pattern in the flow of earnings. Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 = and Q2 of 2002, again making me uneasy. Looking at the price-volume chart, I see relatively light trading (I = prefer at least 80,000 to 100,000 shares/day). Some increase occurs at about 02 July, but on an irregular basis. Price had been falling from 14 May until 23 July, then turned up. Last three days were down. Next I looked at a three year and a five year chart. Extrapolation on both of these imply that the next move is down. In summary: C=3D quarterly eps growing but irregular A=3D growing in last two years (this smoothes out the irregular = quarters) N=3D Moved from bridge building to newer storage tanks including use = for cryogenic and microelectronics S =3D ???? 21 million shares outstanding (47,000 traded/day). = Market Cap =3D $549 million. L =3D Is #2 in group #63 I =3D appears a little weak ( but they have been sneaking in since = 02 July) M=3D Quick rotating market I need to see a little more action up or down before I would commit = or avoid this one, but it is certainly a good candidate to watch. ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll = throw one out with a terribly ugly chart, but very solid current and = forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris ------=_NextPart_000_004C_01C23EBA.1ADB1600 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jim:
Thanks for your input on CBI.
You have added information that I do not and would = not have=20 available.
Your input has allowed me to firm up = my rudimentary=20 assessment of the company.
I do hope that there will be more input from you in = the future=20 on other items.
----- Original Message -----
From:=20 Jim Daniels =
Sent: Thursday, August 08, 2002 = 7:56=20 AM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Good Morning,
 
I have been a long time lurker to = this group and=20 finally found something I knew a little about.  I work for a = company that=20 competes with CBI.  CBI is the leader in the tank erection = field. =20 There recent purchases of PDM and Howe Baker has increased their sales = and=20 profit margins.  Since I know how competitive this field is, = I=20 probably would never invest in CBI.  CBI is in a very mature, = highly=20 competitive market and I don't really see them growing at a very rapid = rate.
 
Since I've been lurking for a while, = I wanted to=20 thank some of the regulars for their intelligent discussion concerning = CANSLIM.  I enjoy my morning coffe with expert commentary from = Katherine,=20 Tom, Duke, and many others.
 
Thanks for your insight.
 
Jim
 
----- Original Message -----
From:=20 Winston=20 Little
Sent: Wednesday, August 07, = 2002 4:45=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

CBI was offered for comment.
 
My viiews are:
 
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18) =  and Q2=20 of 2001 also had a loss of (-$0.13).
The last four quarters were all positive and = strong=20 ($1.91), but I could not find a pattern in the flow of=20 earnings.
Revenues grew in all four quarters of 2000 and = 2001, then=20 fell in Q1 and Q2 of 2002, again making me uneasy.
 
Looking at the price-volume chart, I see = relatively light=20 trading (I prefer at least 80,000 to 100,000 = shares/day).
Some increase occurs at about 02 July, but on an = irregular=20 basis.
Price had been falling from 14 May until 23 = July, then=20 turned up.
Last three days were down.
Next I looked at a three year and a five year=20 chart.
Extrapolation on both of these imply that the = next move is=20 down.
 
In summary:
C=3D quarterly eps growing but = irregular
A=3D growing in last two years (this smoothes = out the=20 irregular quarters)
N=3D Moved from bridge building to newer storage = tanks=20 including use for cryogenic and microelectronics
S =3D ????   21 million shares = outstanding (47,000=20 traded/day). Market Cap =3D $549 million.
L =3D Is #2 in group #63
I =3D appears a little weak ( but they have been = sneaking in=20 since 02 July)
M=3D Quick rotating market
 
I need to see a little more  action up or = down before=20 I would commit or avoid this one, but it is certainly a good = candidate=20 to watch.
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): = CBI-NYSE,=20 Chicago Bridge and Iron
 
I am particularly intrigued by the combination = of a=20 strong grwing backlog, relatively low historical valuation and a = sustained=20 recent increase in ADV. However, the chart is awful. Any opinions = on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in=20 the last few years, until this past June. It amazes me that = everything can=20 be weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August = 07, 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is = one similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 = mil, EPS=20 of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev = last=20 qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT does have double the margin but much more dept.=20 = comments

Chris
------=_NextPart_000_004C_01C23EBA.1ADB1600-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Zillagirl Date: 08 Aug 2002 01:57:19 -0700 ------=_NextPart_001_0000_01C23E7E.EDA4D800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thank You Robert-I will keep your email and try to go over it in the morn= ing again. Somehow we got way off track. I never asked for people to sha= re their lists. As a matter of fact I never asked the original question= -another member did. What I said, in agreement, was maybe the more exper= ienced members could highlight two or three stocks they think have promis= e, the group could analysis them-in the process teaching the people that = dont know this process yet. A start to finish product so to speak. Exactl= y how I found it-exactly what made me look at it. What I looked at. Whe= re I got the info. How I see the chart. How I set up the scan etc. That= type of thing. A kind of beginning to end road map to show the less exp= erienced how it's done. Even though every road would be different-every r= oad would have similarities. I'll always think it is a good idea. If I e= ver become smart enough I would try to do it for others. (right now thoug= h , there is great doubt as to whether this will ever evolve.) I apprecia= te your input and your time and will study it in depth tomorrow. thank = you Nancy =20 ----- Original Message ----- Sent: Thursday, August 08, 2002 1:05 AM =20 Hello Zillagirl, =20 I offer another explanation as to why people won't share their lists. It = goes back to, "Give a man a fish and he'll eat for a day, teach a man to = fish and he'll eat for life." Or, as Bruce Lee said, "I cannot teach you = this method or that method. I can only teach you to explore yourself." =20 In many ways, that's exactly what I see happening on this Board. When peo= ple point out resources, they are giving you all that you need until you = have explored that resource to your own satisfaction and edification. To = walk you step by step through the process is not only a possible infringe= ment on their good nature and time, it is also a disservice to you. This = is the "exploring yourself" part of the Journey. The more experienced Mem= bers have a process that works for them and is usually as a result of muc= h trial and error. That groping is part of the process, as it's very unli= kely you'll stumble upon a ready made system of somebody else's that suit= s your needs exactly. It is by studying as much as you can that you devel= op skills that teach you not only how to use the tools, but also why they= 're used the way they are. This goes down to learning how to use Excel sh= eets and Downloading files. If you thirst for the knowledge, you will fin= d a way to gain it, with or without the help of others. I find "Help" men= us have served me well in times of trouble. The good thing here is that t= here are so many able and willing souls to assist you. I know I have foun= d that the times I'm most willing to do things for myself are the exact t= imes someone comes along to offer help. (Most often for me it's been this= Guiding Light I met on a Board much like this, but that's another story)= =20 Our personal Watchlists are not a secret, if I may speak for others. As a= nother Member noted, many of the picks we come to on our own are well kno= wn and much discussed on this Board. Simply perusing the Daily Screen on = IBD will give you some wonderful candidates to work with. The trick is, n= ow that you know about them, what are you going to do with them? Your not= missing out on very many "secrets" in the way of picks, except maybe wit= h Tom's small caps (I like 'em too, Tom) This is where developing your ow= n methodology is so important. To that end, you might start by going thro= ugh HTMMIS and deriving a process by which you'll evaluate stocks that yo= u come across. Write down the things WON mentions that are important and = make your list. Decide that those which past this list will go on a Watch= list. After you have that list (and keep updating it regularly) do deeper= Due Diligence (DD) until you are satisfied that you would buy whichever = stocks if their chart patterns present an opportunity. Put those on your = Ready To Buy List then watch them like a hawk for that opportunity. Simpl= y working out the details of this will keep you learning for a good while= And it's ultimately what we're all doing to get our lists, in one way o= r another. =20 Personally, I agree with those that prefer not to post their lists. The r= eason is that a list is not separate from the process by which it was der= ived. To share the list is to share the process. To share the process is = to assume the person it's being shared with is going to relate to your wa= y of looking at the problem. That's a huge assumption. It leaves alot of = room for misunderstanding and disagreement. And it's always probable that= what works for another may not work for you. That's just a consequence o= f being individuals. The funny thing is, there is one person willing to s= hare both lists and process, and is a master at doing it. That, of course= , is William O'Neil. It is his process that is much debated and interpret= ed here. In that context it's easy to see why it'd be difficult for any h= ere to really share their methods. As open book as O'Neil's method is, it= 's still not easily grasped or executed. And he is in the business of let= ting you in on his "secrets." What chance do we have of really being able= to pass on our approach without exposing it to misunderstanding, and use= less defending? No, instead I recommend letting the Experienced teach you= to explore yourself. =20 You obviously have the desire to learn. But trading, like any discipline,= takes alot of working with, alot of patience, and a love of learning. As= I see it, CANSLIM is not a get rich quick method but a Discipline to Mas= ter that leads to Wealth. I think most would agree that part of that Weal= th is the inner growth developed to master the method (which, incidentall= y, I have not). Spend some time working with the ideas you have been give= n to this point by so many and see how pondering them helps you grow. It'= s a process we all go through, and continue to go through. I don't think = the learning ends until you quit. The Board will be here when you need th= em, but much more is gained, I believe, by taking a bite at a time then c= hewing for a while. =20 Best Wishes for a rewarding Journey, =20 Robert W. Elmer =20 ------=_NextPart_001_0000_01C23E7E.EDA4D800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thank You Robe= rt-I will keep your email and try to go over it in the morning again.&nbs= p; Somehow we got way off track. I never asked for people to share their = lists.  As a matter of fact I never asked  the original questio= n-another member did.  What I said, in agreement, was maybe the more= experienced members could highlight two or three stocks they think have = promise, the group could analysis them-in the process teaching the people= that dont know this process yet. A start to finish product so to speak. = Exactly how I found it-exactly what made me look at it.  What I look= ed at.  Where I got the info.  How I see the chart. How I set u= p the scan etc.  That type of thing.  A kind of beginning to en= d road map to show the less experienced how it's done. Even though every = road would be different-every road would have similarities. I'll always t= hink it is a good idea. If I ever become smart enough I would try to do = it for others. (right now though , there is great doubt as to whether thi= s will ever evolve.) I appreciate your input and your time and will study= it in depth tomorrow. thank you Nancy
 
----- Original Message -----
From: RWElmer@aol.com
<= DIV style=3D"FONT: 10pt Arial">Sent: Thursday, August 08, 2002 1:0= 5 AM
To: canslim@lists.xmiss= ion.com
Subject: [CANSLIM] Z= illagirl
 
Hello Zillagirl,

I offer another explanation as to why people w= on't share their lists. It goes back to, "Give a man a fish and he'll eat= for a day, teach a man to fish and he'll eat for life." Or, as Bruce Lee= said, "I cannot teach you this method or that method. I can only teach y= ou to explore yourself."

In many ways, that's exactly what I see = happening on this Board. When people point out resources, they are giving= you all that you need until you have explored that resource to your own = satisfaction and edification. To walk you step by step through the proces= s is not only a possible infringement on their good nature and time, it i= s also a disservice to you. This is the "exploring yourself" part of the = Journey. The more experienced Members have a process that works for them = and is usually as a result of much trial and error. That groping is part = of the process, as it's very unlikely you'll stumble upon a ready made sy= stem of somebody else's that suits your needs exactly. It is by studying = as much as you can that you develop skills that teach you not only how to= use the tools, but also why they're used the way they are. This goes dow= n to learning how to use Excel sheets and Downloading files. If you thirs= t for the knowledge, you will find a way to gain it, with or without the = help of others. I find "Help" menus have served me well in times of troub= le. The good thing here is that there are so many able and willing souls = to assist you. I know I have found that the times I'm most willing to do = things for myself are the exact times someone comes along to offer help. = (Most often for me it's been this Guiding Light I met on a Board much lik= e this, but that's another story)

Our personal Watchlists are not= a secret, if I may speak for others. As another Member noted, many of th= e picks we come to on our own are well known and much discussed on this B= oard. Simply perusing the Daily Screen on IBD will give you some wonderfu= l candidates to work with. The trick is, now that you know about them, wh= at are you going to do with them? Your not missing out on very many "secr= ets" in the way of picks, except maybe with Tom's small caps (I like 'em = too, Tom) This is where developing your own methodology is so important. = To that end, you might start by going through HTMMIS and deriving a proce= ss by which you'll evaluate stocks that you come across. Write down the t= hings WON mentions that are important and make your list. Decide that tho= se which past this list will go on a Watchlist. After you have that list = (and keep updating it regularly) do deeper Due Diligence (DD) until you a= re satisfied that you would buy whichever stocks if their chart patterns = present an opportunity. Put those on your Ready To Buy List then watch th= em like a hawk for that opportunity. Simply working out the details of th= is will keep you learning for a good while. And it's ultimately what we'r= e all doing to get our lists, in one way or another.

Personally, = I agree with those that prefer not to post their lists. The reason is tha= t a list is not separate from the process by which it was derived. To sha= re the list is to share the process. To share the process is to assume th= e person it's being shared with is going to relate to your way of looking= at the problem. That's a huge assumption. It leaves alot of room for mis= understanding and disagreement. And it's always probable that what works = for another may not work for you. That's just a consequence of being indi= viduals. The funny thing is, there is one person willing to share both li= sts and process, and is a master at doing it. That, of course, is William= O'Neil. It is his process that is much debated and interpreted here. In = that context it's easy to see why it'd be difficult for any here to reall= y share their methods. As open book as O'Neil's method is, it's still not= easily grasped or executed. And he is in the business of letting you in = on his "secrets." What chance do we have of really being able to pass on = our approach without exposing it to misunderstanding, and useless defendi= ng? No, instead I recommend letting the Experienced teach you to explore = yourself.

You obviously have the desire to learn. But trading, li= ke any discipline, takes alot of working with, alot of patience, and a lo= ve of learning. As I see it, CANSLIM is not a get rich quick method but a= Discipline to Master that leads to Wealth. I think most would agree that= part of that Wealth is the inner growth developed to master the method (= which, incidentally, I have not). Spend some time working with the ideas = you have been given to this point by so many and see how pondering them h= elps you grow. It's a process we all go through, and continue to go throu= gh. I don't think the learning ends until you quit. The Board will be her= e when you need them, but much more is gained, I believe, by taking a bit= e at a time then chewing for a while.

Best Wishes for a rewarding= Journey,

Robert W. Elmer
<= /BODY> ------=_NextPart_001_0000_01C23E7E.EDA4D800-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ronald 9 Davis Subject: Re: [CANSLIM] Identifying NEW leaders Date: 08 Aug 2002 08:42:08 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_000F_01C23EB7.7B63F1C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I just saw an email stating that they have shut it down due to lack of = interest. ron ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:26 PM Subject: Re: [CANSLIM] Identifying NEW leaders Hi Tom, Do you happen to recall the address of the Technical Analysis list? --=20 Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com On Wed, 2002-08-07 at 17:11, Tom Worley wrote: > Winston, nice idea which I could support with reservations. I would = hate for a newcomer seriously trying to learn CANSLIM be prevented from = discussing a stock he/she has found simply because it is the third one = mentioned that day, especially if the first two turned out to be dogs. >=20 > As an alternative idea, a year or two ago, some members that wanted = to discuss technical analysis in more depth formed a new group for this. = Didn't seem to harm this group, but took the discussion to a different = forum. That could be done with this as well, form a "stock of the day" = discussion group. >=20 > ----- Original Message -----=20 > From: Winston Little=20 > To: canslim@lists.xmission.com=20 > Sent: Wednesday, August 07, 2002 3:54 PM > Subject: Re: [CANSLIM] Identifying NEW leaders >=20 >=20 > Two groups have emerged. > One group is asking for help with tutorial discussion of a = "potential list", the other group stating that the purpose of this board = is not to identify specific issues. > The position of both groups have merit. > A middle ground may be for anyone to post a particular stock = (maximum of two for the entire group each day, first come first served). = > The person posting, MUST give some background on the stock and some = listing of what makes the person believe it is a potential for the day's = CANSLIM discussion. > Once posted with the necessary background information, discussion on = the merits, flaws and cautions could follow. > Benefits would be good review for some people, good tutorial for = others, good opportunity for some others to hone their skills as = constructive reviews evolved, opportunity to get different perspectives = while action is occurring (in contrast with the IBD Monday Morning = quarterbacking such as the cup with or without handles). > At the end of the day, discussion ends on the one or two issues = served up. >=20 >=20 > Agree? > Disagree? > Nonsense?=20 > Flawed proposal? >=20 >=20 >=20 >=20 >=20 >=20 > ----- Original Message -----=20 > From: Ian=20 > To: canslim@lists.xmission.com=20 > Sent: Wednesday, August 07, 2002 3:38 PM > Subject: Re: [CANSLIM] Identifying NEW leaders >=20 >=20 > In light of the fact that these are extraordinary times, I'll = throw one out with a terribly ugly chart, but very solid current and = forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago Bridge and Iron >=20 > I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? >=20 > Ian >=20 > BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. >=20 >=20 > ----- Original Message -----=20 > From: Vanchee1@aol.com=20 > To: canslim@lists.xmission.com=20 > Sent: Wednesday, August 07, 2002 11:38 AM > Subject: Re: [CANSLIM] Identifying NEW leaders >=20 >=20 > Here is one similar to CHTT, what do you think. >=20 > DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 >=20 > CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 >=20 > CHTT does have double the margin but much more dept. comments >=20 > Chris >=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_000F_01C23EB7.7B63F1C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I just saw an email stating that they = have shut it=20 down due to lack of interest.   ron
----- Original Message -----
From:=20 Mike = Gibbons=20
Sent: Wednesday, August 07, = 2002 11:26=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Hi Tom,

Do you happen to recall the address of = the=20 Technical Analysis list?

--
Aloha,

Mike = Gibbons
Proactive=20 Technologies, LLC
http://www.proactech.com

On = Wed,=20 2002-08-07 at 17:11, Tom Worley wrote:
> Winston, nice idea = which I=20 could support with reservations. I would hate for a newcomer seriously = trying=20 to learn CANSLIM be prevented from discussing a stock he/she has found = simply=20 because it is the third one mentioned that day, especially if the = first two=20 turned out to be dogs.
>
> As an alternative idea, a year = or two=20 ago, some members that wanted to discuss technical analysis in more = depth=20 formed a new group for this. Didn't seem to harm this group, but took = the=20 discussion to a different forum. That could be done with this as well, = form a=20 "stock of the day" discussion group.
>
> ----- Original = Message=20 -----
> From: Winston Little
> To: canslim@lists.xmission.com= =20
> Sent: Wednesday, August 07, 2002 3:54 PM
> Subject: Re: = [CANSLIM] Identifying NEW leaders
>
>
> Two groups = have=20 emerged.
> One group is asking for help with tutorial discussion = of a=20 "potential list", the other group stating that the purpose of this = board is=20 not to identify specific issues.
> The position of  both = groups=20 have merit.
> A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire group each day, first come first = served).=20
> The person posting, MUST give some background on the stock = and some=20 listing of what makes the person believe it is a potential for the = day's=20 CANSLIM discussion.
> Once posted with the necessary background=20 information, discussion on the merits, flaws and cautions could=20 follow.
> Benefits would be good review for some people, good = tutorial=20 for others, good opportunity for some others to hone their skills as=20 constructive reviews evolved, opportunity to get different = perspectives while=20 action is occurring (in contrast with the IBD Monday Morning = quarterbacking=20 such as the cup with or without handles).
> At the end of the = day,=20 discussion ends on the one or two issues served up.
>
> =
>=20 Agree?
> Disagree?
> Nonsense?
> Flawed = proposal?
>=20
>
>
>
>
>
>   = -----=20 Original Message -----
>   From: Ian =
>   To:=20 canslim@lists.xmission.com= =20
>   Sent: Wednesday, August 07, 2002 3:38=20 PM
>   Subject: Re: [CANSLIM] Identifying NEW = leaders
>=20
>
>   In light of the fact that these are=20 extraordinary times, I'll throw one out with a terribly ugly chart, = but very=20 solid current and forward CANSLIM fundamentals ... (and besides, I = love their=20 name - the Engineer in me has always wanted to buy stocks like this):=20 CBI-NYSE, Chicago Bridge and Iron
>
>   I am=20 particularly intrigued by the combination of a strong grwing backlog,=20 relatively low historical valuation and a sustained recent increase in = ADV.=20 However, the chart is awful. Any opinions on this one?
>=20
>   Ian
>
>   BTW - I qualify = these as=20 'extraordinary times' because I've had no trouble finding strong=20 groups/sectors/stocks at any point in the last few years, until this = past=20 June. It amazes me that everything can be weak simultaneously.
> =
>
>     ----- Original Message ----- =
>     From: Vanchee1@aol.com=20
>     To: canslim@lists.xmission.com= =20
>     Sent: Wednesday, August 07, 2002 = 11:38=20 AM
>     Subject: Re: [CANSLIM] Identifying = NEW=20 leaders
>
>
>     Here is one = similar=20 to CHTT, what do you think.
>
>    =20 DLI,  Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6,=20 float 4.7
>
>     CHTT Rev last qtr = of 58=20 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1
>=20
>     CHTT does have double the margin but = much=20 more dept. comments
>
>     = Chris
>=20



-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_000F_01C23EB7.7B63F1C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: [CANSLIM] Chart Patterns Date: 08 Aug 2002 10:23:10 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_008E_01C23EC5.982F20A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My observations see several double bottoms forming. MO just completed one. WMT and several of the house builders (e.g. HOV, TOL, KBH,PHM,MHO) also = show this. Does anyone else see similar patterns or am I hallucinating? ------=_NextPart_000_008E_01C23EC5.982F20A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
My observations see several double bottoms=20 forming.
MO just completed one.
WMT and several of the house builders (e.g. HOV, = TOL,=20 KBH,PHM,MHO) also show this.
 
Does anyone else see similar patterns or am I=20 hallucinating?
------=_NextPart_000_008E_01C23EC5.982F20A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Larry Worden" Subject: [CANSLIM] BLUD Date: 08 Aug 2002 07:36:26 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_000A_01C23EAE.4D5BF920 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable BLUD having trouble. ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 7:23 AM Subject: [CANSLIM] Chart Patterns My observations see several double bottoms forming. MO just completed one. WMT and several of the house builders (e.g. HOV, TOL, KBH,PHM,MHO) = also show this. Does anyone else see similar patterns or am I hallucinating? ------=_NextPart_000_000A_01C23EAE.4D5BF920 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
BLUD having trouble.
----- Original Message -----
From:=20 Winston=20 Little
Sent: Thursday, August 08, 2002 = 7:23=20 AM
Subject: [CANSLIM] Chart = Patterns

My observations see several double bottoms=20 forming.
MO just completed one.
WMT and several of the house builders (e.g. HOV, = TOL,=20 KBH,PHM,MHO) also show this.
 
Does anyone else see similar patterns or am I=20 hallucinating?
------=_NextPart_000_000A_01C23EAE.4D5BF920-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] Chart Patterns Date: 08 Aug 2002 07:42:34 -0700 (PDT) --0-604225184-1028817754=:31058 Content-Type: text/plain; charset=us-ascii what about dcom as a double bottom also isle Winston Little wrote:My observations see several double bottoms forming.MO just completed one.WMT and several of the house builders (e.g. HOV, TOL, KBH,PHM,MHO) also show this. Does anyone else see similar patterns or am I hallucinating? Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-604225184-1028817754=:31058 Content-Type: text/html; charset=us-ascii

what about dcom as a double bottom also isle

 Winston Little wrote:

My observations see several double bottoms forming.
MO just completed one.
WMT and several of the house builders (e.g. HOV, TOL, KBH,PHM,MHO) also show this.
 
Does anyone else see similar patterns or am I hallucinating?


Do You Yahoo!?
HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-604225184-1028817754=:31058-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] BLUD Date: 08 Aug 2002 10:51:31 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00A6_01C23EC9.8E585F20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Larry: Most concern is the HUGE increase in volume. Have not seen any news today on BLUD, but then I am an OUTSIDER. People in the know are acting and selling today. There is a 3:2 split scheduled for holders of record on 26 Aug resulting = in a total of 12.3 million shares total. This is not the first split nor is the split ratio excessive. Will watch the action on this one. Have owned BLUD in the past but not currently. ----- Original Message -----=20 From: Larry Worden=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 10:36 AM Subject: [CANSLIM] BLUD BLUD having trouble. ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 7:23 AM Subject: [CANSLIM] Chart Patterns My observations see several double bottoms forming. MO just completed one. WMT and several of the house builders (e.g. HOV, TOL, KBH,PHM,MHO) = also show this. Does anyone else see similar patterns or am I hallucinating? ------=_NextPart_000_00A6_01C23EC9.8E585F20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Larry:
Most concern is the HUGE increase in = volume.
Have not seen any news today on BLUD, but then I am = an=20 OUTSIDER.
People in the know are acting and selling = today.
 
There is a 3:2 split scheduled for holders of record = on 26 Aug=20 resulting in a total of 12.3 million shares total.
This is not the first split nor is the split ratio=20 excessive.
 
Will watch the action on this one.
Have owned BLUD in the past but not = currently.
----- Original Message -----
From:=20 Larry = Worden=20
Sent: Thursday, August 08, 2002 = 10:36=20 AM
Subject: [CANSLIM] BLUD

BLUD having trouble.
----- Original Message -----
From:=20 Winston=20 Little
Sent: Thursday, August 08, = 2002 7:23=20 AM
Subject: [CANSLIM] Chart = Patterns

My observations see several double bottoms=20 forming.
MO just completed one.
WMT and several of the house builders (e.g. HOV, = TOL,=20 KBH,PHM,MHO) also show this.
 
Does anyone else see similar patterns or am I=20 hallucinating?
------=_NextPart_000_00A6_01C23EC9.8E585F20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Larry Worden" Subject: Re: [CANSLIM] BLUD Date: 08 Aug 2002 07:52:21 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0028_01C23EB0.86AC4C00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable just saw news on yahoo. insider selling. sorry i keep forgeting to turn = off receipt ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 7:51 AM Subject: Re: [CANSLIM] BLUD Larry: Most concern is the HUGE increase in volume. Have not seen any news today on BLUD, but then I am an OUTSIDER. People in the know are acting and selling today. There is a 3:2 split scheduled for holders of record on 26 Aug = resulting in a total of 12.3 million shares total. This is not the first split nor is the split ratio excessive. Will watch the action on this one. Have owned BLUD in the past but not currently. ----- Original Message -----=20 From: Larry Worden=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 10:36 AM Subject: [CANSLIM] BLUD BLUD having trouble. ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 7:23 AM Subject: [CANSLIM] Chart Patterns My observations see several double bottoms forming. MO just completed one. WMT and several of the house builders (e.g. HOV, TOL, KBH,PHM,MHO) = also show this. Does anyone else see similar patterns or am I hallucinating? ------=_NextPart_000_0028_01C23EB0.86AC4C00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
just saw news on yahoo. insider = selling. sorry i=20 keep forgeting to turn off receipt
----- Original Message -----
From:=20 Winston=20 Little
Sent: Thursday, August 08, 2002 = 7:51=20 AM
Subject: Re: [CANSLIM] = BLUD

Larry:
Most concern is the HUGE increase in = volume.
Have not seen any news today on BLUD, but then I = am an=20 OUTSIDER.
People in the know are acting and selling=20 today.
 
There is a 3:2 split scheduled for holders of = record on 26=20 Aug resulting in a total of 12.3 million shares total.
This is not the first split nor is the split ratio = excessive.
 
Will watch the action on this one.
Have owned BLUD in the past but not = currently.
----- Original Message -----
From:=20 Larry = Worden=20
Sent: Thursday, August 08, = 2002 10:36=20 AM
Subject: [CANSLIM] BLUD

BLUD having trouble.
----- Original Message ----- =
From:=20 Winston=20 Little
To: canslim@lists.xmission.com= =20
Sent: Thursday, August 08, = 2002 7:23=20 AM
Subject: [CANSLIM] Chart=20 Patterns

My observations see several double bottoms=20 forming.
MO just completed one.
WMT and several of the house builders (e.g. = HOV, TOL,=20 KBH,PHM,MHO) also show this.
 
Does anyone else see similar patterns or am I=20 = hallucinating?
= ------=_NextPart_000_0028_01C23EB0.86AC4C00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] Chart Patterns Date: 08 Aug 2002 10:58:30 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00AF_01C23ECA.87C75A20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sol: Agree with DOUBLE BOTTOM on ISLE. DCOM may also be forming one, but the patterm is less clear there. Currrent overall market has been especially volatile.=20 Similar action reportedly occurred in 197x era. =20 ----- Original Message -----=20 From: Sol Mayer=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 10:42 AM Subject: Re: [CANSLIM] Chart Patterns what about dcom as a double bottom also isle=20 Winston Little wrote:=20 My observations see several double bottoms forming. MO just completed one. WMT and several of the house builders (e.g. HOV, TOL, KBH,PHM,MHO) = also show this. Does anyone else see similar patterns or am I hallucinating? ----- Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs ------=_NextPart_000_00AF_01C23ECA.87C75A20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Sol:
Agree with DOUBLE BOTTOM on ISLE.
DCOM may also be forming one, but the patterm is = less clear=20 there.
 
Currrent overall market has been especially = volatile.=20
Similar action reportedly occurred in 197x=20 era.
 
----- Original Message -----
From:=20 Sol = Mayer=20
Sent: Thursday, August 08, 2002 = 10:42=20 AM
Subject: Re: [CANSLIM] Chart=20 Patterns

what about dcom as a double bottom also isle=20

 Winston Little wrote:=20

My observations see several double bottoms=20 forming.
MO just completed one.
WMT and several of the house builders (e.g. HOV, = TOL,=20 KBH,PHM,MHO) also show this.
 
Does anyone else see similar patterns or am I=20 hallucinating?


Do You Yahoo!?
= HotJobs,=20 a Yahoo! service - Search Thousands of New = Jobs ------=_NextPart_000_00AF_01C23ECA.87C75A20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 11:34:30 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0053_01C23ECF.92CD36B0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Charley, you the man! And Jeff, if you're listening, how's this for a "what-if"? Just as CEO's are signing off on their companies' earnings, what if new members sign off on having read at least one of O'Neil's books? A simple statement would do: "It is understood by all of the present members that you (as a new member) are versed in the CANSLIM methodology and that you have read at least one of WON's books." I don't make this suggestion lightly, Jeff: I'll volunteer to appear before the cameras on CNBC as the first member to sign this oath! (Provided, of course, Maria B. does the interview!) Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Wednesday, August 07, 2002 7:16 PM Kris: There certainly nothing wrong with lurking, but may I offer a suggestion? You have not said if you have read O'Neil's two books How to Make Money in Stocks and 24 Essential Lessons for Investment Success. This is how most of us got started. The problem I had after I read the books was that there was no place to go to ask questions. This forum fills that need. I have found that most participants are willing to share their knowledge. Good Luck Charley ------=_NextPart_000_0053_01C23ECF.92CD36B0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Charley, you = the man! =20
 
And Jeff, if = you're=20 listening, how's this for a "what-if"?  Just as CEO's are signing = off on=20 their companies' earnings, what if new members sign off on = having read=20 at least one of O'Neil's books?  A simple statement would = do: =20
 
"It is = understood by all of=20 the present members that you (as a new member) are versed in the CANSLIM = methodology and that you have read  at least one of WON's=20 books."
 
I don't make = this=20 suggestion lightly, Jeff: I'll volunteer to appear before the cameras on = CNBC as=20 the first member to sign this oath!  (Provided, of course, Maria B. = does=20 the interview!)
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Wednesday, = August 07,=20 2002 7:16 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Kris:=20 There certainly nothing wrong with lurking, but may I offer a = suggestion? You=20 have not said if you have read O'Neil's two books How to Make Money = in=20 Stocks and 24 Essential Lessons for Investment Success. = This is how=20 most of us got started. The problem I had after I read the books was = that=20 there was no place to go to ask questions. This forum fills that need. = I have=20 found that most participants are willing to share their knowledge. =
Good=20 Luck       Charley=20
------=_NextPart_000_0053_01C23ECF.92CD36B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 09:44:07 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0080_01C23EC0.23E86170 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit MessageId rather have Martha do the interview :-) -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Thursday, August 08, 2002 9:35 AM To: canslim@lists.xmission.com Subject: [CANSLIM] HTMMIS Oath Charley, you the man! And Jeff, if you're listening, how's this for a "what-if"? Just as CEO's are signing off on their companies' earnings, what if new members sign off on having read at least one of O'Neil's books? A simple statement would do: "It is understood by all of the present members that you (as a new member) are versed in the CANSLIM methodology and that you have read at least one of WON's books." I don't make this suggestion lightly, Jeff: I'll volunteer to appear before the cameras on CNBC as the first member to sign this oath! (Provided, of course, Maria B. does the interview!) Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Wednesday, August 07, 2002 7:16 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Kris: There certainly nothing wrong with lurking, but may I offer a suggestion? You have not said if you have read O'Neil's two books How to Make Money in Stocks and 24 Essential Lessons for Investment Success. This is how most of us got started. The problem I had after I read the books was that there was no place to go to ask questions. This forum fills that need. I have found that most participants are willing to share their knowledge. Good Luck Charley ------=_NextPart_000_0080_01C23EC0.23E86170 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Id=20 rather have Martha do the interview :-)
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Thursday, August 08, 2002 9:35 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] HTMMIS=20 Oath

Charley, you = the=20 man! 
 
And Jeff, if = you're=20 listening, how's this for a "what-if"?  Just as CEO's are signing = off on=20 their companies' earnings, what if new members sign off on = having=20 read at least one of O'Neil's books?  A simple statement would = do: =20
 
"It is = understood by all=20 of the present members that you (as a new member) are versed in the = CANSLIM=20 methodology and that you have read  at least one of WON's=20 books."
 
I don't make = this=20 suggestion lightly, Jeff: I'll volunteer to appear before the cameras = on CNBC=20 as the first member to sign this oath!  (Provided, of course, = Maria B.=20 does the interview!)
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Wednesday, = August 07,=20 2002 7:16 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Kris:=20 There certainly nothing wrong with lurking, but may I offer a = suggestion?=20 You have not said if you have read O'Neil's two books How to Make = Money=20 in Stocks and 24 Essential Lessons for Investment = Success. This=20 is how most of us got started. The problem I had after I read the = books was=20 that there was no place to go to ask questions. This forum fills = that need.=20 I have found that most participants are willing to share their = knowledge.=20
Good Luck       Charley=20
------=_NextPart_000_0080_01C23EC0.23E86170-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 08 Aug 2002 08:48:43 -0700 Hi Kris, Let explain my learning curve history in an effort to help you here. I started learning canslim in late 1998. By late 1999 the last push of the great bull occurred. I was on top of the world with a 90% return for that year. I thought I really had it down. Then in March of 2K lots of sell signals presented themselves. Even IBD was right on the mark in making that call to sell. I did...for a while. In my eagerness to jump back and "take" some more money from the "easy" market, I made lots of little failed trades. I had to loose 30% of my portfolio that year before I realized I wasn't there yet. My point is to do the time up front. If it was so easy, we'd all be millionaires. You mention: "But some of the smarter canslimers on the site, who have a lot more time and knowledge, or computer savvy could probably pinpoint the possible great ones from the O.K. ones easily, where I would never see it at this point. " Time is the key here. Spending more time to learn this is the fastest way to success. One good gauge of my stock picking is to see it show up in IBD the next day or two (haven't seen that for a while though). For starters, check out Elmer's post to zillagirl about how to build your list http://www.investors.com/editorial/web00.asp?v=8/8 . I highly recommend the IBD sites, "Where The Big Money's Flowing Now" and "Weekend Review" to help building a list of your own. Feel free to post a couple up here for discussion if you have some questions about them. Hope this helps. -Bill ----- Original Message ----- Sent: Wednesday, August 07, 2002 6:10 PM Watchlist)] > Katherine, Nancy articulated my thoughts while I was struggling with my post. > > ---- My question is, what would be the harm of adding say the top two or > three stocks from each interested persons list( who would choose to > participate)-to be dissected by the group. A person like me who is relatively > new to canslim would probably have my stocks shot down right away. > -----But some of the smarter canslimers on the site, who have a lot more time > and knowledge, or computer savvy could probably pinpoint the possible great > ones from the O.K. ones easily, where I would never see it at this point. > ----- Bill Oneil said even he needed a 3 year learning curve before he > started to get the system and become profitable. > ----- If the market turns in 6 months and leaders start to emerge in a year > or so- this type of brainstorming may give all boats a chance to rise with > the tide. Otherwise , any of us that haven't had the three year curve may > very well miss a great buying opportunity. > -----I don't see how anyone would lose from sharing their knowledge-where > would we all be if Bill O. felt that way. Even he puts out lists- > > Please rid yourself of the thought that I would use a list abr> crutch > instead of something to gather knowledge. > > Kris > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 08 Aug 2002 08:54:06 -0700 Let me add, I found out about canslim by picking up a book with the cheesy title," How To Make Money In Stocks" while browsing the bookstore. To this day, everyone I show it to laughs at the title. (g) -Bill ----- Original Message ----- Sent: Thursday, August 08, 2002 8:48 AM Watchlist)] > Hi Kris, > > Let explain my learning curve history in an effort to help you here. I > started learning canslim in late 1998. By late 1999 the last push of the > great bull occurred. I was on top of the world with a 90% return for that > year. I thought I really had it down. Then in March of 2K lots of sell > signals presented themselves. Even IBD was right on the mark in making that > call to sell. I did...for a while. In my eagerness to jump back and "take" > some more money from the "easy" market, I made lots of little failed trades. > I had to loose 30% of my portfolio that year before I realized I wasn't > there yet. > > My point is to do the time up front. If it was so easy, we'd all be > millionaires. You mention: "But some of the smarter canslimers on the site, > who have a lot more time and knowledge, or computer savvy could probably > pinpoint the possible great ones from the O.K. ones easily, where I would > never see it at this point. " Time is the key here. Spending more time to > learn this is the fastest way to success. One good gauge of my stock picking > is to see it show up in IBD the next day or two (haven't seen that for a > while though). > > > For starters, check out Elmer's post to zillagirl about how to build your > list http://www.investors.com/editorial/web00.asp?v=8/8 . I highly recommend > the IBD sites, "Where The Big Money's Flowing Now" and "Weekend Review" to > help building a list of your own. Feel free to post a couple up here for > discussion if you have some questions about them. > > Hope this helps. > > -Bill > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 08 Aug 2002 09:56:50 -0600 There are quite a few books that have cheesy titles but are really good. HTMMIS, How I made 2,000,000 in the Stock Market by Darvas, then other titles that are more for marketing but have great content like Hedge Fund Edge by Boucher, heck the first time I saw Market Wizards I thought it would be cheesey. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bill Triffet Sent: Thursday, August 08, 2002 9:54 AM Watchlist)] Let me add, I found out about canslim by picking up a book with the cheesy title," How To Make Money In Stocks" while browsing the bookstore. To this day, everyone I show it to laughs at the title. (g) -Bill ----- Original Message ----- Sent: Thursday, August 08, 2002 8:48 AM Watchlist)] > Hi Kris, > > Let explain my learning curve history in an effort to help you here. I > started learning canslim in late 1998. By late 1999 the last push of the > great bull occurred. I was on top of the world with a 90% return for that > year. I thought I really had it down. Then in March of 2K lots of sell > signals presented themselves. Even IBD was right on the mark in making that > call to sell. I did...for a while. In my eagerness to jump back and "take" > some more money from the "easy" market, I made lots of little failed trades. > I had to loose 30% of my portfolio that year before I realized I wasn't > there yet. > > My point is to do the time up front. If it was so easy, we'd all be > millionaires. You mention: "But some of the smarter canslimers on the site, > who have a lot more time and knowledge, or computer savvy could probably > pinpoint the possible great ones from the O.K. ones easily, where I would > never see it at this point. " Time is the key here. Spending more time to > learn this is the fastest way to success. One good gauge of my stock picking > is to see it show up in IBD the next day or two (haven't seen that for a > while though). > > > For starters, check out Elmer's post to zillagirl about how to build your > list http://www.investors.com/editorial/web00.asp?v=8/8 . I highly recommend > the IBD sites, "Where The Big Money's Flowing Now" and "Weekend Review" to > help building a list of your own. Feel free to post a couple up here for > discussion if you have some questions about them. > > Hope this helps. > > -Bill > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 11:57:34 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000C_01C23ED2.C813F2C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke: We believe that Martha Stewart (not McCallum) will be available to = administer the oath for you. My perception from watching the correspondence on the subject is that = most if not all supplicants have read one or more of the books and were = seeking some forum for tracking a case while it was live. The O'Neil books and IBD are filled with after the fact case studies and = Monday morning quarterbacking.These are helpful, and the WebLink feature = has served to improve the status with cases more current. Unfortunately, I believe that several people have read the requests as = people asking for others to do the work for the requesters rather than = for help with more current cases.=20 ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 11:34 AM Subject: [CANSLIM] HTMMIS Oath Charley, you the man! =20 And Jeff, if you're listening, how's this for a "what-if"? Just as = CEO's are signing off on their companies' earnings, what if new members = sign off on having read at least one of O'Neil's books? A simple = statement would do: =20 "It is understood by all of the present members that you (as a new = member) are versed in the CANSLIM methodology and that you have read at = least one of WON's books." I don't make this suggestion lightly, Jeff: I'll volunteer to appear = before the cameras on CNBC as the first member to sign this oath! = (Provided, of course, Maria B. does the interview!) Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Wednesday, August 07, 2002 7:16 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Kris: There certainly nothing wrong with lurking, but may I offer a = suggestion? You have not said if you have read O'Neil's two books How to = Make Money in Stocks and 24 Essential Lessons for Investment Success. = This is how most of us got started. The problem I had after I read the = books was that there was no place to go to ask questions. This forum = fills that need. I have found that most participants are willing to = share their knowledge.=20 Good Luck Charley=20 ------=_NextPart_000_000C_01C23ED2.C813F2C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Duke:
 
We believe that Martha Stewart (not McCallum) will = be=20 available to administer the oath for you.
 
My perception from watching the correspondence on = the subject=20 is that most if not all supplicants have read one or more of  = the=20 books and were seeking some forum for tracking a case while it = was=20 live.
 
The O'Neil books and IBD are filled with after = the fact=20 case studies and Monday morning quarterbacking.These are helpful, and = the=20 WebLink feature has served to improve the status with cases more=20 current.
Unfortunately, I believe that several people have = read the=20 requests as people asking for others to do the work for the = requesters=20 rather than for  help with more current cases. 
 
 
 
 
 
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Thursday, August 08, 2002 = 11:34=20 AM
Subject: [CANSLIM] HTMMIS = Oath

Charley, you = the=20 man! 
 
And Jeff, if = you're=20 listening, how's this for a "what-if"?  Just as CEO's are signing = off on=20 their companies' earnings, what if new members sign off on = having=20 read at least one of O'Neil's books?  A simple statement would = do: =20
 
"It is = understood by all=20 of the present members that you (as a new member) are versed in the = CANSLIM=20 methodology and that you have read  at least one of WON's=20 books."
 
I don't make = this=20 suggestion lightly, Jeff: I'll volunteer to appear before the cameras = on CNBC=20 as the first member to sign this oath!  (Provided, of course, = Maria B.=20 does the interview!)
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Wednesday, = August 07,=20 2002 7:16 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Kris:=20 There certainly nothing wrong with lurking, but may I offer a = suggestion?=20 You have not said if you have read O'Neil's two books How to Make = Money=20 in Stocks and 24 Essential Lessons for Investment = Success. This=20 is how most of us got started. The problem I had after I read the = books was=20 that there was no place to go to ask questions. This forum fills = that need.=20 I have found that most participants are willing to share their = knowledge.=20
Good Luck       Charley=20
------=_NextPart_000_000C_01C23ED2.C813F2C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 11:31:09 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_08B5_01C23ECF.17B2A050 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageWinston, I'm a little confused now....maybe it's because the thread became so = convoluted. Are you saying that I was implying that I didn't want to "do = the work for others" when I said that I did not want to post a weekly = list? If so, that was never my intent. My original comment was simply = that *any* list is a "crutch" (including those generated by the IBD) = because it doesn't allow the user to find a personal path to creating = their own list of candidates. The problem is not with having a list, the = problem is with having *too many* lists and no means to sift through = them in a meaningful way.=20 For me personally, I knew that my mining methods were working well when = I was already stalking trades *before* the stocks were highlighted in = the IBD. The process of arriving at that particular mining method gave = me an expanded understanding and confidence in the CANSLIM discipline. = As Robert E stated so eloquently earlier today in his oh-so-Zen = post.....the trip is the destination. Katherine ----- Original Message -----=20 Sent: Thursday, August 08, 2002 10:57 AM Duke: We believe that Martha Stewart (not McCallum) will be available to = administer the oath for you. My perception from watching the correspondence on the subject is that = most if not all supplicants have read one or more of the books and were = seeking some forum for tracking a case while it was live. The O'Neil books and IBD are filled with after the fact case studies and = Monday morning quarterbacking.These are helpful, and the WebLink feature = has served to improve the status with cases more current. Unfortunately, I believe that several people have read the requests as = people asking for others to do the work for the requesters rather than = for help with more current cases.=20 ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 11:34 AM Subject: [CANSLIM] HTMMIS Oath Charley, you the man! =20 And Jeff, if you're listening, how's this for a "what-if"? Just as = CEO's are signing off on their companies' earnings, what if new members = sign off on having read at least one of O'Neil's books? A simple = statement would do: =20 "It is understood by all of the present members that you (as a new = member) are versed in the CANSLIM methodology and that you have read at = least one of WON's books." I don't make this suggestion lightly, Jeff: I'll volunteer to appear = before the cameras on CNBC as the first member to sign this oath! = (Provided, of course, Maria B. does the interview!) Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Wednesday, August 07, 2002 7:16 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Kris: There certainly nothing wrong with lurking, but may I offer a = suggestion? You have not said if you have read O'Neil's two books How to = Make Money in Stocks and 24 Essential Lessons for Investment Success. = This is how most of us got started. The problem I had after I read the = books was that there was no place to go to ask questions. This forum = fills that need. I have found that most participants are willing to = share their knowledge.=20 Good Luck Charley=20 ------=_NextPart_000_08B5_01C23ECF.17B2A050 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Winston,
 
I'm a little confused now....maybe it's because the thread became = so=20 convoluted. Are you saying that I was implying that I didn't want to "do = the=20 work for others" when I said that I did not want to post a weekly list? = If so,=20 that was never my intent. My original comment was simply that *any* list = is a=20 "crutch" (including those generated by the IBD)  because it doesn't = allow=20 the user to find a personal path to creating their own list of = candidates. The=20 problem is not with having a list, the problem is with having *too many* = lists=20 and no means to sift through them in a meaningful way.
 
For me personally, I knew that my mining methods were working well = when I=20 was already stalking trades *before* the stocks were highlighted in the = IBD. The=20 process of arriving at that particular mining method gave me an expanded = understanding and confidence in the CANSLIM discipline. As Robert E = stated so=20 eloquently earlier today in his oh-so-Zen post.....the trip is the=20 destination.
 
Katherine
----- Original Message -----=20
From: Winston=20 Little
Sent: Thursday, August 08, 2002 10:57 AM
Subject: Re: [CANSLIM] HTMMIS Oath

Duke:
 
We believe that Martha Stewart (not McCallum) will = be=20 available to administer the oath for you.
 
My perception from watching the correspondence on = the subject=20 is that most if not all supplicants have read one or more of  = the=20 books and were seeking some forum for tracking a case while it = was=20 live.
 
The O'Neil books and IBD are filled with after = the fact=20 case studies and Monday morning quarterbacking.These are helpful, and = the=20 WebLink feature has served to improve the status with cases more=20 current.
Unfortunately, I believe that several people have = read the=20 requests as people asking for others to do the work for the = requesters=20 rather than for  help with more current cases. 
 
 
 
 
 
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Thursday, August 08, 2002 = 11:34=20 AM
Subject: [CANSLIM] HTMMIS = Oath

Charley, you = the=20 man! 
 
And Jeff, if = you're=20 listening, how's this for a "what-if"?  Just as CEO's are signing = off on=20 their companies' earnings, what if new members sign off on = having=20 read at least one of O'Neil's books?  A simple statement would = do: =20
 
"It is = understood by all=20 of the present members that you (as a new member) are versed in the = CANSLIM=20 methodology and that you have read  at least one of WON's=20 books."
 
I don't make = this=20 suggestion lightly, Jeff: I'll volunteer to appear before the cameras = on CNBC=20 as the first member to sign this oath!  (Provided, of course, = Maria B.=20 does the interview!)
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Wednesday, = August 07,=20 2002 7:16 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Kris:=20 There certainly nothing wrong with lurking, but may I offer a = suggestion?=20 You have not said if you have read O'Neil's two books How to Make = Money=20 in Stocks and 24 Essential Lessons for Investment = Success. This=20 is how most of us got started. The problem I had after I read the = books was=20 that there was no place to go to ask questions. This forum fills = that need.=20 I have found that most participants are willing to share their = knowledge.=20
Good Luck       Charley=20
------=_NextPart_000_08B5_01C23ECF.17B2A050-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] Free HTMMIS Date: 08 Aug 2002 10:42:12 -0600 I was just on the phone with IBD. They will send you a free copy of 3rd ed. HTMMIS if you renew (or start) your subscription. Since I am already paid up for 3 years that's not an option for me, but it might be for some others on the list. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Stock Names - Kris Date: 08 Aug 2002 12:05:17 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0613_01C23ED3.DC88A740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Kris, maybe it would be of help if we started with a couple of names = and see where it leads us (I'm not trying to put you on the spot)... Here are a couple of stocks from my current watchlist: SIE TRBS HIB Need your input: a. what do they do? b. what industry are they in? c. who are their competitors? d. what are their current IBD ratings? e. do any of them interest you enough to do further analysis?=20 F. WHAT QUESTIONS DO YOU HAVE? Gene ------=_NextPart_000_0613_01C23ED3.DC88A740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Kris, maybe it would be of help if = we started=20 with a couple of names and see where it leads us (I'm not trying to put = you on=20 the spot)...
 
Here are a couple of stocks from my = current=20 watchlist:

SIE
TRBS
HIB

Need your input:
a. what = do they=20 do?
b. what industry are they in?
c. who are their = competitors?
d. what=20 are their current IBD ratings?
e. do any of them interest you enough = to do=20 further analysis?
 
F. WHAT QUESTIONS DO YOU HAVE?

Gene
------=_NextPart_000_0613_01C23ED3.DC88A740-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] Stock Names - Kris Date: 08 Aug 2002 13:35:39 EDT --part1_89.1bfe446b.2a8405eb_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene, thanks for your help. It will take me a bit to gather the answers to your questions. I will do it in stages if that is all right. Kris --part1_89.1bfe446b.2a8405eb_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene, thanks for your help. It will take me a bit to gather the answers to your questions. I will do it in stages if that is all right.

Kris
 --part1_89.1bfe446b.2a8405eb_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 13:41:37 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0024_01C23EE1.519554E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageKatherine: You are correct on the path of the discussion.=20 It has taken several twists, and turns.=20 The purpose of my note was not in reference to your weekly list. The cases studies presented in the O'Neil books and IBD Investors Corner = are compiled with the benefit of 100% of hindsight on what the correct = assessment and decisions should have been. As I read the notes with "requests for help", my understanding of them = is that people were asking for discussion of a current case where the = outcome is still unknown, and the requester could PARTICIPATE in the = discussion and track the outcome.=20 Discussion and analysis of current cases also may also be more = meaningful and interesting, as the tone and speed of the market moves = has changed from those presented in the books and IBD Investors Corner, = since there is no hindsight available.=20 At times some of the requests loosely used the term "lists of stocks" or = "list of potential candidates", which has lead to objections or = rejections.=20 My recollection of the posts were that some respondents interpreted the = requests as the requester asking for the analysis work to be done by = someone else.=20 My belief is that was not the goal of the people asking for the help. My intent was NOT to in any way imply that you were saying: "that I = was implying that I didn't want to "do the work for others". The purpose of this note and my previous ones were not to advocate the = keeping of any lists other than the ones that each person chose to = develop. Instead it was to try to allow anyone to identify a stock, give some = technical and fundamental information about it and then and only then = ASK a specific question on some aspect of the situation as it related to = CANSLIM, and then to PARTICIPATE in any resulting discussion. I hope that this clarifies the status, and again my intent was not to = offend you in any way, or to imply that you were unwilling to assist = anyone. ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 12:31 PM Subject: Re: [CANSLIM] HTMMIS Oath Winston, I'm a little confused now....maybe it's because the thread became so = convoluted. Are you saying that I was implying that I didn't want to "do = the work for others" when I said that I did not want to post a weekly = list? If so, that was never my intent. My original comment was simply = that *any* list is a "crutch" (including those generated by the IBD) = because it doesn't allow the user to find a personal path to creating = their own list of candidates. The problem is not with having a list, the = problem is with having *too many* lists and no means to sift through = them in a meaningful way.=20 For me personally, I knew that my mining methods were working well = when I was already stalking trades *before* the stocks were highlighted = in the IBD. The process of arriving at that particular mining method = gave me an expanded understanding and confidence in the CANSLIM = discipline. As Robert E stated so eloquently earlier today in his = oh-so-Zen post.....the trip is the destination. Katherine ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 10:57 AM Subject: Re: [CANSLIM] HTMMIS Oath Duke: We believe that Martha Stewart (not McCallum) will be available to = administer the oath for you. My perception from watching the correspondence on the subject is that = most if not all supplicants have read one or more of the books and were = seeking some forum for tracking a case while it was live. The O'Neil books and IBD are filled with after the fact case studies = and Monday morning quarterbacking.These are helpful, and the WebLink = feature has served to improve the status with cases more current. Unfortunately, I believe that several people have read the requests as = people asking for others to do the work for the requesters rather than = for help with more current cases.=20 ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 11:34 AM Subject: [CANSLIM] HTMMIS Oath Charley, you the man! =20 And Jeff, if you're listening, how's this for a "what-if"? Just as = CEO's are signing off on their companies' earnings, what if new members = sign off on having read at least one of O'Neil's books? A simple = statement would do: =20 "It is understood by all of the present members that you (as a new = member) are versed in the CANSLIM methodology and that you have read at = least one of WON's books." I don't make this suggestion lightly, Jeff: I'll volunteer to appear = before the cameras on CNBC as the first member to sign this oath! = (Provided, of course, Maria B. does the interview!) Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Wednesday, August 07, 2002 7:16 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy = Tomatoes Kris: There certainly nothing wrong with lurking, but may I offer = a suggestion? You have not said if you have read O'Neil's two books How = to Make Money in Stocks and 24 Essential Lessons for Investment Success. = This is how most of us got started. The problem I had after I read the = books was that there was no place to go to ask questions. This forum = fills that need. I have found that most participants are willing to = share their knowledge.=20 Good Luck Charley=20 ------=_NextPart_000_0024_01C23EE1.519554E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Katherine:
You are correct on the path of the discussion. =
It  has taken several twists, and=20 turns. 
The purpose of my note was not in reference to = your=20 weekly list.
 
The cases studies presented in the O'Neil books and = IBD=20 Investors Corner are compiled with the benefit of 100% of hindsight = on what=20 the correct assessment and decisions should have been.
As I read the notes with "requests for help", my = understanding=20 of them is that people were asking for discussion of a current case=20 where the outcome is still unknown, and the requester could = PARTICIPATE in=20 the discussion and track the outcome.
Discussion and analysis of current cases also = may also be=20 more meaningful and interesting, as the tone and speed of the market=20 moves has changed from those presented in the books and IBD = Investors=20 Corner, since there is no hindsight available. 
 
At times some of the requests loosely used the term = "lists of=20 stocks" or "list of potential  candidates", which has lead to=20 objections or rejections.
My recollection of the posts were that some=20 respondents interpreted the requests as the requester asking = for the=20 analysis work to be done by someone else.
My belief is that was not the goal of the people = asking for=20 the help.
 
My intent was NOT to in any way imply that you = were=20 saying:   "that I was implying that = I didn't=20 want to "do the work for others".
The purpose of this note and my previous ones were = not to=20 advocate the keeping of any lists other than the ones that each person = chose to=20 develop.
Instead it was to try to allow anyone to identify a = stock,=20 give some technical and fundamental information about it and then and = only then=20 ASK a specific question on some aspect of the situation as it related to = CANSLIM, and then to PARTICIPATE in any resulting  = discussion.
 
I hope that this clarifies the status, and again my = intent was=20 not to offend you in any way, or to imply that you were unwilling to = assist=20 anyone.
 
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, August 08, 2002 = 12:31=20 PM
Subject: Re: [CANSLIM] HTMMIS = Oath

Winston,
 
I'm a little confused now....maybe it's because the thread became = so=20 convoluted. Are you saying that I was implying that I didn't want to = "do the=20 work for others" when I said that I did not want to post a weekly = list? If so,=20 that was never my intent. My original comment was simply that *any* = list is a=20 "crutch" (including those generated by the IBD)  because it = doesn't allow=20 the user to find a personal path to creating their own list of = candidates. The=20 problem is not with having a list, the problem is with having *too = many* lists=20 and no means to sift through them in a meaningful way.
 
For me personally, I knew that my mining methods were working = well when I=20 was already stalking trades *before* the stocks were highlighted in = the IBD.=20 The process of arriving at that particular mining method gave me an = expanded=20 understanding and confidence in the CANSLIM discipline. As Robert E = stated so=20 eloquently earlier today in his oh-so-Zen post.....the trip is the=20 destination.
 
Katherine
----- Original Message -----=20
From: Winston=20 Little
Sent: Thursday, August 08, 2002 10:57 AM
Subject: Re: [CANSLIM] HTMMIS Oath

Duke:
 
We believe that Martha Stewart (not McCallum) will = be=20 available to administer the oath for you.
 
My perception from watching the correspondence on = the=20 subject is that most if not all supplicants have read one or more = of  the books and were seeking some forum for tracking = a case=20 while it was live.
 
The O'Neil books and IBD are filled with = after the fact=20 case studies and Monday morning quarterbacking.These are helpful, and = the=20 WebLink feature has served to improve the status with cases more=20 current.
Unfortunately, I believe that several people have = read the=20 requests as people asking for others to do the work for the = requesters=20 rather than for  help with more current cases. 
 
 
 
 
 
----- Original Message -----
From:=20 Duke Miller
Sent: Thursday, August 08, = 2002 11:34=20 AM
Subject: [CANSLIM] HTMMIS = Oath

Charley, = you the=20 man! 
 
And Jeff, = if you're=20 listening, how's this for a "what-if"?  Just as CEO's are = signing off=20 on their companies' earnings, what if new members sign off = on=20 having read at least one of O'Neil's books?  = A simple statement = would do: =20
 
"It is = understood by=20 all of the present members that you (as a new member) are versed in = the=20 CANSLIM methodology and that you have read  at least = one of WON's=20 books."
 
I don't = make this=20 suggestion lightly, Jeff: I'll volunteer to appear before the = cameras on=20 CNBC as the first member to sign this oath!  (Provided, of = course,=20 Maria B. does the interview!)
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Chazmoore@aol.com
Sent: Wednesday, = August=20 07, 2002 7:16 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Kris: There certainly = nothing wrong with=20 lurking, but may I offer a suggestion? You have not said if you = have read=20 O'Neil's two books How to Make Money in Stocks and 24 = Essential=20 Lessons for Investment Success. This is how most of us got = started.=20 The problem I had after I read the books was that there was no = place to go=20 to ask questions. This forum fills that need. I have found that = most=20 participants are willing to share their knowledge.
Good Luck=20       Charley=20
------=_NextPart_000_0024_01C23EE1.519554E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 13:56:47 EDT --part1_18d.c16f87c.2a840adf_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Duke, is this really necessary. --part1_18d.c16f87c.2a840adf_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Duke, is this really necessary. --part1_18d.c16f87c.2a840adf_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 08 Aug 2002 14:00:42 -0400 Bill, Reminds me of the greatest (produced most sales) direct marketing headline of all time(dates back to the 40's, 50's, and 60's). It was for an at-home course in learning to play the piano: "They laughed when I sat down to play the piano!" HTMMIS? I say, let 'em laugh! (And if anyone asks you what CANSLIM is, tell them it's a new diet you found on the Internet!) Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Bill Triffet Sent: Thursday, August 08, 2002 11:54 AM Watchlist)] Let me add, I found out about canslim by picking up a book with the cheesy title," How To Make Money In Stocks" while browsing the bookstore. To this day, everyone I show it to laughs at the title. (g) -Bill ----- Original Message ----- Sent: Thursday, August 08, 2002 8:48 AM Watchlist)] > Hi Kris, > > Let explain my learning curve history in an effort to help you here. I > started learning canslim in late 1998. By late 1999 the last push of > the great bull occurred. I was on top of the world with a 90% return > for that year. I thought I really had it down. Then in March of 2K > lots of sell signals presented themselves. Even IBD was right on the > mark in making that > call to sell. I did...for a while. In my eagerness to jump back and > "take" some more money from the "easy" market, I made lots of little > failed trades. > I had to loose 30% of my portfolio that year before I realized I > wasn't there yet. > > My point is to do the time up front. If it was so easy, we'd all be > millionaires. You mention: "But some of the smarter canslimers on the site, > who have a lot more time and knowledge, or computer savvy could > probably pinpoint the possible great ones from the O.K. ones easily, > where I would never see it at this point. " Time is the key here. > Spending more time to learn this is the fastest way to success. One > good gauge of my stock picking > is to see it show up in IBD the next day or two (haven't seen that for > a while though). > > > For starters, check out Elmer's post to zillagirl about how to build > your list http://www.investors.com/editorial/web00.asp?v=8/8 . I > highly recommend > the IBD sites, "Where The Big Money's Flowing Now" and "Weekend > Review" to > help building a list of your own. Feel free to post a couple up here > for discussion if you have some questions about them. > > Hope this helps. > > -Bill > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Stock Names - Kris Date: 08 Aug 2002 11:03:29 -0700 ------=_NextPart_001_0000_01C23ECB.3A6E8540 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene-I know that you replied to Kris but could I do the work with you als= o? Thank You so much for offering the help . I have not seen one time o= n the board that you haven't offered, including sending adobe acrobat , s= tudy lessons on excel, etc. I suspect that if you will help us like that-= more then just Kris and I will be doing it. I'm without time today but I= will start working 1st thing tomorrow on it if you will allow me to part= icipate. Could I ask you to explain in as much detail as possible how y= ou came up with each of these for your watch? I hope you have a blessed = day and thank you again for hearing us. Nancy =20 ----- Original Message ----- Sent: Thursday, August 08, 2002 10:00 AM =20 Hi Kris, maybe it would be of help if we started with a couple of names a= nd see where it leads us (I'm not trying to put you on the spot)... =20 Here are a couple of stocks from my current watchlist: SIE TRBS HIB Need your input: a. what do they do? b. what industry are they in? c. who are their competitors? d. what are their current IBD ratings? e. do any of them interest you enough to do further analysis? =20 =20 F. WHAT QUESTIONS DO YOU HAVE? Gene ------=_NextPart_001_0000_01C23ECB.3A6E8540 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene-I know that you replied to Kris but = could I do the work with you also?  Thank You so much for offering t= he help .  I have not seen one time on the board that you haven't of= fered, including sending adobe acrobat , study lessons on excel,&nbs= p;etc. I suspect that if you will help us like that-more then just K= ris and I will be doing it.  I'm without time today but I will = start working 1st thing tomorrow on it if you will allow me to parti= cipate.  Could I ask you to explain  in as much detail as = possible how you came up with each of these for your watch?  I hope = you have a blessed day and thank you again for hearing us.  Nancy
 
----- Original Message -----
=
Fro= m: Gene Ricci
Sent: Thur= sday, August 08, 2002 10:00 AM
T= o: canslim@lists.xmission.com
<= B>Subject: [CANSLIM] Stock Names - Kris
 
Hi Kris, maybe it would be of help if we s= tarted with a couple of names and see where it leads us (I'm not trying t= o put you on the spot)...
=  
Here are a couple o= f stocks from my current watchlist:

SIE
TRBS
HIB

Need= your input:
a. what do they do?
b. what industry are they in?
c= . who are their competitors?
d. what are their current IBD ratings?e. do any of them interest you enough to do further analysis?
 
F. WHAT QUESTIONS DO YOU HAVE?

Gene
------=_NextPart_001_0000_01C23ECB.3A6E8540-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Date: 08 Aug 2002 11:06:54 -0700 > (And if anyone asks you what CANSLIM is, tell them it's a new diet you > found on the Internet!) > > Duke Way funny! -Bill - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 14:46:37 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0080_01C23EEA.6909BB30 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kris: Is what really necessary? 1) The oath part? (tongue in cheek, but...Yes.) 2) That our members understand a new member has at least tasted the basics of CANSLIM by having read at least one of the books? Yes. 3) That I appear on CNBC as Maria Barteromo's guest, signing the first oath. Absolutely! (And for those of you who suggested Martha Stewart, that is NOT, in her words, "a good thing"!) Won't you agree that joining the CANSLIM list without experiencing the basics is like attempting a 200-level college course before taking the 100-level courses? And we're talking basics here. To wit: A recent new member (no longer with us) was tossing out "potential CANSLIM" stocks with four quarters of negative AND decelerating earnings, but he "liked" the company. He wasn't bounced, however, due to his lack of knowledge of CANSLIM. Nobody has or will be, I'm sure. But I submit that if he knew having some understanding of CANSLIM was expected of him, he may not have ever continued with the signup process. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of KrisFg@aol.com Sent: Thursday, August 08, 2002 1:57 PM Duke, is this really necessary. ------=_NextPart_000_0080_01C23EEA.6909BB30 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Kris:
 
Is what really=20 necessary?
 
1) The oath = part? (tongue=20 in cheek, but...Yes.)
 
2) That our = members=20 understand a new member has at least tasted the basics of = CANSLIM by=20 having read at least one of the books?  Yes.
 
3) That I = appear on CNBC as=20 Maria Barteromo's guest, signing the first oath.  Absolutely! (And = for=20 those of you who suggested Martha Stewart, that is NOT, in her=20 words, "a good thing"!)
 
Won't you agree = that=20 joining the CANSLIM list without experiencing the basics is like = attempting a=20 200-level college course before taking the 100-level courses?  And = we're=20 talking basics here.  To wit: A recent new member (no longer with=20 us) was tossing out "potential CANSLIM" stocks with four quarters = of=20 negative AND decelerating earnings, but he "liked" the = company.  He=20 wasn't bounced, however, due to his lack of knowledge of CANSLIM.  = Nobody=20 has or will be, I'm sure.  But I submit that if he knew having some = understanding of CANSLIM was expected of him, he may not have ever = continued=20 with the signup process.  
 
Duke
 
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On=20 Behalf Of KrisFg@aol.com
Sent: Thursday, August 08, 2002 = 1:57=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 HTMMIS Oath

Duke, is this really = necessary.=20
------=_NextPart_000_0080_01C23EEA.6909BB30-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] NWRE Date: 08 Aug 2002 14:53:37 EDT --part1_f6.1f667055.2a841831_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I hope there is a computer tech lurking out there. I found this small company with reasonably good fundamentals and a nice ascending base chart. I like it because of the projected growth next year and because it is selling at its high. However, I haven't a clue what they do. Can someone explain? Charley Neoware Systems is computing for the new Internet. The company makes Linux- and Windows-based thin-client computers and related software. Its flagship Eon product line enables users to access local networks and the Internet. Neoware also offers management software (ezRemote Manager) and a version of the Linux operating system designed specifically for thin clients (NeoLinux). The company sells directly and through resellers and systems integrators to such customers as Intel, ESPN, OfficeMax, and Bristol-Myers Squibb. About 75% of sales are to US customers. Neoware boosted its network appliance offerings by purchasing the Capio thin-client line from Boundless. --part1_f6.1f667055.2a841831_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I hope there is a computer tech lurking out there. I found this small company with reasonably good fundamentals and a nice ascending base chart. I like it because of the projected growth next year and because it is selling at its high. However, I haven't a clue what they do. Can someone explain? Charley

Neoware Systems is computing for the new Internet. The company makes Linux- and Windows-based thin-client computers and related software. Its flagship Eon product line enables users to access local networks and the Internet. Neoware also offers management software (ezRemote Manager) and a version of the Linux operating system designed specifically for thin clients (NeoLinux). The company sells directly and through resellers and systems integrators to such customers as Intel, ESPN, OfficeMax, and Bristol-Myers Squibb. About 75% of sales are to US customers. Neoware boosted its network appliance offerings by purchasing the Capio thin-client line from Boundless.




--part1_f6.1f667055.2a841831_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] Hunting List Date: 07 Aug 2002 19:49:07 -0400 > Date: Wed, 07 Aug 2002 16:43:39 -0500 > From: Gene Ricci > Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes > > Katherine, I withdraw my request for you to post a weekly 'hunting' >list. Gene Katherine, your hunting lists are useful contributions; please continue posting them. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] Edification (was: Zillagirl) Date: 08 Aug 2002 14:58:35 -0400 An enlightening piece of preaching, Robert. While I believe that, "I cannot teach you this method or that method. I can only teach you to explore yourself," is not fitting your fish analogy certainly is. It really shows how deeply you care for your neighbor. You do not mention the lazy fellow who would like to be spoon-fed, but he must have come to your mind. Also, and this, too, you did not mention, ready selections facilitate pump and dump schemes. A flaw, it seems to me, is your implied assumption that other people learn as easily as you do, or will be able to get the desired results if they just try hard enough. You should know it better, some will never be able to do what you can do, no matter how long and hard they try. Is Darwin on your mind? Some may not have the time and resources. Now I am asking you a question that you had asked a list member some time ago: > "Not a single person who shares information and knowledge does > so without an expected return of some kind." > > If that's true, I still haven't figured out what exactly you > hope to get out of all the seemingly selfless help you give to > so many. If it's brownie points in heaven, I think you're whole > extended family would qualify at this point ;0) > > Robert W. Elmer > From: RWElmer@aol.com > Date: Thu, 8 Aug 2002 01:49:25 EDT > Subject: [CANSLIM] Zillagirl > > Hello Zillagirl, > > > I offer another explanation as to why people won't share their > lists. It goes back to, "Give a man a fish and he'll eat for a > day, teach a man to fish and he'll eat for life." Or, as Bruce > Lee said, "I cannot teach you this method or that method. I can > only teach you to explore yourself." > > In many ways, that's exactly what I see happening on this Board. > When people point out resources, they are giving you all that you > need until you have explored that resource to your own > satisfaction and edification. To walk you step by step through > the process is not only a possible infringement on their good > nature and time, it is also a disservice to you. This is the > "exploring yourself" part of the Journey. The more experienced > Members have a process that works for them and is usually as a > result of much trial and error. That groping is part of the > process, as it's very unlikely you'll stumble upon a ready made > system of somebody else's that suits your needs exactly. It is > by studying as much as you can that you develop skills that > teach you not only how to use the tools, but also why they're > used the way they are. This goes down to learning how to use > Excel sheets and Downloading files. If you thirst for the > knowledge, you will find a way to gain it, with or without the > help of others. I find "Help" menus have served me well in times > of trouble. The good thing here is that there are so many able > and willing souls to assist you. I know I have found that the > times I'm most willing to do things for myself are the exact > times someone comes along to offer help. (Most often for me it's > been this Guiding Light I met on a Board much like this, but > that's another story) > > Our personal Watchlists are not a secret, if I may speak for > others. As another Member noted, many of the picks we come to on > our own are well known and much discussed on this Board. Simply > perusing the Daily Screen on IBD will give you some wonderful > candidates to work with. The trick is, now that you know about > them, what are you going to do with them? Your not missing out > on very many "secrets" in the way of picks, except maybe with > Tom's small caps (I like 'em too, Tom) This is where developing > your own methodology is so important. To that end, you might > start by going through HTMMIS and deriving a process by which > you'll evaluate stocks that you come across. Write down the > things WON mentions that are important and make your list. > Decide that those which past this list will go on a Watchlist. > After you have that list (and keep updating it regularly) do > deeper Due Diligence (DD) until you are satisfied that you would > buy whichever stocks if their chart patterns present an > opportunity. Put those on your Ready To Buy List then watch them > like a hawk for that opportunity. Simply working out the details > of this will keep you learning for a good while. And it's > ultimately what we're all doing to get our lists, in one way or > another. > > Personally, I agree with those that prefer not to post their > lists. The reason is that a list is not separate from the > process by which it was derived. To share the list is to share > the process. To share the process is to assume the person it's > being shared with is going to relate to your way of looking at > the problem. That's a huge assumption. It leaves alot of room > for misunderstanding and disagreement. And it's always probable > that what works for another may not work for you. That's just a > consequence of being individuals. The funny thing is, there is > one person willing to share both lists and process, and is a > master at doing it. That, of course, is William O'Neil. It is > his process that is much debated and interpreted here. In that > context it's easy to see why it'd be difficult for any here to > really share their methods. As open book as O'Neil's method is, > it's still not easily grasped or executed. And he is in the > business of letting you in on his "secrets." What chance do we > have of really being able to pass on our approach without > exposing it to misunderstanding, and useless defending? No, > instead I recommend letting the Experienced teach you to explore > yourself. > > You obviously have the desire to learn. But trading, like any > discipline, takes alot of working with, alot of patience, and a > love of learning. As I see it, CANSLIM is not a get rich quick > method but a Discipline to Master that leads to Wealth. I think > most would agree that part of that Wealth is the inner growth > developed to master the method (which, incidentally, I have > not). Spend some time working with the ideas you have been given > to this point by so many and see how pondering them helps you > grow. It's a process we all go through, and continue to go > through. I don't think the learning ends until you quit. The > Board will be here when you need them, but much more is gained, > I believe, by taking a bite at a time then chewing for a while. > > Best Wishes for a rewarding Journey, > > Robert W. Elmer - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: [CANSLIM] SOD change Date: 08 Aug 2002 15:12:42 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0089_01C23EEE.0DD29BC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_008A_01C23EEE.0DD29BC0" ------=_NextPart_001_008A_01C23EEE.0DD29BC0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Has anyone noticed that IBD has eliminated Projected PE Ratio from Screens of the Day? I always indexed them to see which stocks in the screens had the most promise according to the analysts. Just found that a bit odd. Are they trying to tell us something? duke This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------=_NextPart_001_008A_01C23EEE.0DD29BC0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Has anyone = noticed that IBD=20 has eliminated Projected PE Ratio from Screens of the Day?  I = always=20 indexed them to see which stocks in the screens had the most promise = according=20 to the analysts.
 
Just found that = a bit=20 odd.  Are they trying to tell us something?
 
duke
 

This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] SOD change Date: 08 Aug 2002 14:16:07 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0012_01C23EE6.23187200 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0013_01C23EE6.23187200" ------=_NextPart_001_0013_01C23EE6.23187200 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit MessageLike the projected earnings are mostly "smoke and mirrors?" -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Thursday, August 08, 2002 2:13 PM To: CANSLIM Subject: [CANSLIM] SOD change Has anyone noticed that IBD has eliminated Projected PE Ratio from Screens of the Day? I always indexed them to see which stocks in the screens had the most promise according to the analysts. Just found that a bit odd. Are they trying to tell us something? duke This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------=_NextPart_001_0013_01C23EE6.23187200 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Message
Like=20 the projected earnings are mostly "smoke and = mirrors?"
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Thursday, August 08, 2002 2:13 PM
To: = CANSLIM
Subject: [CANSLIM] SOD change

Has anyone = noticed that=20 IBD has eliminated Projected PE Ratio from Screens of the Day?  I = always=20 indexed them to see which stocks in the screens had the most promise = according=20 to the analysts.
 
Just found = that a bit=20 odd.  Are they trying to tell us something?
 
duke
 

This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 09:26:47 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_000D_01C23EBD.B7BDB740 Content-Type: multipart/alternative; boundary="----=_NextPart_001_000E_01C23EBD.B7BDB740" ------=_NextPart_001_000E_01C23EBD.B7BDB740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit In view of the interest in current cases rather than 20-20 hindsight, and discussions to aid the learning process, I offer XRAY as an example, which broke out today from a CwH pattern with short handle Firstly, let me add the disclaimer that I'm a programmer who was introduced to CANSLIM as a development project, and I'm 1 year into the 3 yr learning curve, so further comment by the "experts" is welcomed to improve my own understanding. Firstly the fundamentals which are very strong, with the exception that Institutional Ownership is already quite high. There are differing views on what the level should be, but somewhere less than 30% would be better. Additional DD would be required to determine why pre-tax profit margins are decreasing and if that is cause for concern. (This information is drawn from yahoo/multex not IBD) C Current Earnings Earnings per share growth of at least 25% in the most recent quarter Most recent quarter year on year growth. (Published financial data). 35.00 % Latest three quarters of sales growth should be a minimum of 25% Average year on year growth for last 3 quarters. (Published financial data). 51.00 % Sales growth should be accelerating. Difference in year on year growth rates over last 3 quarters. (Published financial data). 23.00 A Strong Annual Earnings Growth Annual earnings growth for the last three years of 25% or greater 3 year compound EPS growth rate. (Published financial data). 53.00 % Return on equity should be at least 17% Published financial data. 21.00 % Pretax profit margins should be increasing Profit Margin for most recent quarter minus profit margin 1 year ago. (Published financial data). -1.00 N New Products, Services or Leadership If a company has a dynamic new product or service, or is capitalizing on new conditions in the economy, this can have a dramatic impact on the price of a stock. Buy stocks just as they emerge from a sound "base" pattern and make new price highs. Not Known S Supply and Demand Watch the demand for shares by looking at the percentage change in volume for each of your stocks. Analyze a stock's daily and weekly price and volume changes. The up/down volume ratio measures the ratio of accumulation days to distribution days over the last 50 days. 0.90 L Leading Stocks in Leading Industry Groups Nearly 50% of a stock's price action is a result of its industry group's performance. Focus on the top industry groups, and within those groups select stocks with the best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). 90 Multex Rank within Industry ( 0 - 99 ). Provided for informational purposes only. (4 week relative performance) 22 The stock's Relative Price Strength Rating should be in the 80s or 90s We calculate RS daily by ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described here. It correlates well with IBD's. Value. Score pro-rated in range 60-79. 83 I Institutional Sponsorship You want at least a few of the better performing mutual funds owning the stock. They're the ones who will drive the stock up on a sustained basis. Institutional Ownership. Value in range 5 - 30% needed to score 1. 79.00 % No. of Institutions. Provided for informational purposes only. 568 M Market Direction You can buy the best stocks, but if the general market is weak, most likely your stocks will be weak also. Because Market Direction is not specific to any one particular stock, we do not evaluate it on a per stock basis. Look at the chart below. Note that the handle is only 3 days long. This is normally insufficient to have shaken out the potential sellers and WON recommends that a handle should be at least 1-2 weeks long, otherwise a breakout is prone to failure. Also the volume in the handle has not dried up. This is often the case in the early days of handle formation and we would like to see the volume decrease below the ADV and the price wedge downwards as the handle progresses. Look at the volume coming up the right side of the cup - consistently above the 50 ADV accompanied by big price positive price movements, with only two days when the stock closed slightly down. It would have been better if the volume had been below the ADV on those days, in which case the stock would have earned a higher CQ (Chart Quality) score. Note the RS line. This is quite high at 83, but has advanced only slightly over the last few days despite significant price gains in this stock. This indicates that other stocks are doing at least as well. The 50 day up/down volume is at 0.90. Values less than 1 mean that the down volume days exceed the up volume days. However, the trend of the line is upwards, which is a positive sign. I'll go out on a limb and say my guess is that todays breakout will not be sustained (although its holding now - just) and it will continue to form a handle. I conclude that this is one to watch but not to buy right now. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_001_000E_01C23EBD.B7BDB740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
In=20 view of the interest in current cases rather than 20-20 hindsight,  and discussions to aid = the learning=20 process,  I offer XRAY as an example, which = broke out=20 today from a CwH pattern with short handle
 
Firstly, let me add the disclaimer that I'm a = programmer who was introduced to CANSLIM as a development project, and = I'm 1=20 year into the 3 yr learning curve, so further comment by the "experts" = is=20 welcomed to improve my own understanding.
 
Firstly the fundamentals which are very strong, with the = exception=20 that Institutional Ownership is already quite high. There are differing = views on=20 what the level should be, but somewhere less than 30% would be = better. Additional=20 DD would be required to determine why pre-tax profit margins = are decreasing=20 and if that is cause for concern. (This information is drawn from=20 yahoo/multex not IBD)  
 
C
Current = Earnings
Earnings per share growth of at = least 25% in=20 the most recent quarter

Most recent quarter year on year = growth.=20 (Published financial data).

 35.00 % =
Latest three quarters of sales = growth should=20 be a minimum of 25%
Average year on year growth for = last 3=20 quarters. (Published financial data).
 51.00 % =
Sales growth should be = accelerating.=20
Difference in year on year growth = rates over=20 last 3 quarters. (Published financial data).
23.00 =
A
Strong Annual Earnings = Growth
Annual earnings growth for the = last three=20 years of 25% or greater
3 year compound EPS growth rate. = (Published=20 financial data).
 53.00 % =
Return on equity should be at = least=20 17%
Published financial = data.
 21.00 = %
Pretax profit margins should be=20 increasing
Profit Margin for most recent = quarter minus=20 profit margin 1 year ago. (Published financial = data).
 -1.00 =
N
New Products, Services or = Leadership
If a company has a dynamic new = product or=20 service, or is capitalizing on new conditions in the economy, this = can=20 have a dramatic impact on the price of a stock. Buy stocks just as = they=20 emerge from a sound "base" pattern and make new price highs.=20
Not = Known  
S
Supply and Demand =
Watch the demand for shares by = looking at the=20 percentage change in volume for each of your stocks. Analyze a = stock's=20 daily and weekly price and volume changes.
The up/down volume ratio measures = the ratio=20 of accumulation days to distribution days over the last 50=20 days.
 0.90 =
L
Leading Stocks in Leading = Industry Groups=20
Nearly 50% of a stock's price = action is a=20 result of its industry group's performance. Focus on the top = industry=20 groups, and within those groups select stocks with the best price=20 performance.
Multex Industry Rank ( 0 - 99 = )
(26 week=20 relative performance).
 90 =

Multex Rank within Industry ( 0 - = 99 ).=20 Provided for informational purposes only.
(4 week relative=20 performance)

 22 =
The stock's Relative Price = Strength Rating=20 should be in the 80s or 90s
We calculate RS daily by ranking = all NYSE,=20 AMEX and NASDAQ stocks. Our RS algorithm is described=20 here. It correlates well with IBD's. = Value. Score=20 pro-rated in range 60-79.
 83 =
I
Institutional = Sponsorship
You want at least a few of the = better=20 performing mutual funds owning the stock. They're the ones who = will drive=20 the stock up on a sustained basis.
Institutional Ownership. Value in = range 5 -=20 30% needed to score 1.
 79.00 % =
No. of Institutions. Provided for = informational purposes only.
 568 =
M
Market Direction =
You can buy the best stocks, but = if the=20 general market is weak, most likely your stocks will be weak=20 also.
Because Market Direction is not = specific to=20 any one particular stock, we do not evaluate it on a per stock=20 basis.
  
 
Look=20 at the chart below. Note that the handle is only 3 days long. This is = normally=20 insufficient to have shaken out the potential sellers and WON recommends = that a=20 handle should be at least 1-2 weeks long, otherwise a breakout is prone = to=20 failure. Also the volume in the handle has not dried up. This is often = the case=20 in the early days of handle formation and we would like to see the = volume=20 decrease below the ADV and the price wedge downwards as the handle=20 progresses.
 
Look at the volume coming up the right side of the cup - = consistently=20 above the 50 ADV accompanied by big price positive price movements, with = only=20 two days when the stock closed slightly down. It would have been better = if the=20 volume had been below the ADV on those days, in which case the stock = would have=20 earned a higher CQ (Chart Quality) = score.

 Note the RS=20 line. This is quite high at 83, but has advanced = only=20 slightly over the last few days despite = significant=20 price gains in this stock. This indicates that other stocks are = doing at=20 least as well.
 
The 50 day = up/down volume is=20 at 0.90. Values less than 1 mean that the down volume days exceed the up = volume=20 days. However, the trend of the line is upwards, which is a positive=20 sign.
 
 I'll = go out on a=20 limb and say my guess is that todays breakout will not be=20 sustained (although its holding = now -=20 just) and it will continue to form a handle.=20
 
I conclude that this is one to watch but not = to buy=20 right = now.
=
 
 
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mike Gibbons Subject: Re: [CANSLIM] NWRE Date: 08 Aug 2002 09:32:32 -1000 Charley, A "thin client" is a PC like machine which handles the presentation of information without doing a lot of the underlying processing. Think of it as the "windows" part of the Windows OS without all the other computational and input/output overhead. A network appliance is any device connected to a network that provides services to the network - a printer is an obvious example of a network appliance. IT departments like thin clients, because it gives them control of the computing environment, whereas Users generally hate them because it reduces their control - such is the battle that is continually waged in a modern company between the IT department and the lines-of-business. (bin there, done that) Also, Linux based software is gaining increasing favor because it is robust, cheap, and I would argue more secure than MS's products. There are scores of companies offering these kinds of Unix based products, although I don't follow them closely. perhaps someone else has more information on this specific company. On Thu, 2002-08-08 at 08:53, Chazmoore@aol.com wrote: > I hope there is a computer tech lurking out there. I found this small company > with reasonably good fundamentals and a nice ascending base chart. I like it > because of the projected growth next year and because it is selling at its > high. However, I haven't a clue what they do. Can someone explain? Charley > > Neoware Systems is computing for the new Internet. The company makes Linux- > and Windows-based thin-client computers and related software. Its flagship > Eon product line enables users to access local networks and the Internet. > Neoware also offers management software (ezRemote Manager) and a version of > the Linux operating system designed specifically for thin clients (NeoLinux). > The company sells directly and through resellers and systems integrators to > such customers as Intel, ESPN, OfficeMax, and Bristol-Myers Squibb. About 75% > of sales are to US customers. Neoware boosted its network appliance offerings > by purchasing the Capio thin-client line from Boundless. > > > > > -- Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] NWRE Date: 08 Aug 2002 15:44:47 EDT --part1_18f.c1676c1.2a84242f_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thank you Mike. Your explanation clears the mystery. For the life of me I couldn't decipher "thin-client." It seems to me this could have applications for the military where the goal is to focus on one problem. Charley --part1_18f.c1676c1.2a84242f_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thank you Mike. Your explanation clears the mystery. For the life of me I couldn't decipher "thin-client."
It seems to me this could have applications for the military where the goal is to focus on one problem. Charley --part1_18f.c1676c1.2a84242f_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mike Gibbons Subject: Re: [CANSLIM] NWRE Date: 08 Aug 2002 09:57:35 -1000 Yes indeed. There is a whole class of applications known as "embedded systems" where special purpose OS's and applications are embedded in "firmware" on microchips. The military are big users of these technologies which have been around for many years, so this is not a new technology that is about to be discovered. Another example, is the computer that manages the engine in your Lexus, Merc, Beamer, etc. But there will be increasing utilization of the technology nevertheless - every appliance in your home could become a network appliance, potentially. On Thu, 2002-08-08 at 09:44, Chazmoore@aol.com wrote: > Thank you Mike. Your explanation clears the mystery. For the life of me I > couldn't decipher "thin-client." > It seems to me this could have applications for the military where the goal > is to focus on one problem. Charley -- Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 15:58:07 -0400 This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. ------_=_NextPart_000_01C23F15.E9F64850 Content-Type: multipart/alternative; boundary="----_=_NextPart_001_01C23F15.E9F64850" ------_=_NextPart_001_01C23F15.E9F64850 Content-Type: text/plain; charset="iso-8859-1" Hello, another neophyte here. If the most recent pattern for XRAY is a valid CWH, then what stage base is it? I think I see a flat base running from about Feb. 02 until late May. This most recent pattern undercuts the previous pattern. So maybe this is a 1st stage base? Thanks, jg -----Original Message----- Sent: Thursday, August 08, 2002 3:27 PM In view of the interest in current cases rather than 20-20 hindsight, and discussions to aid the learning process, I offer XRAY as an example, which broke out today from a CwH pattern with short handle Firstly, let me add the disclaimer that I'm a programmer who was introduced to CANSLIM as a development project, and I'm 1 year into the 3 yr learning curve, so further comment by the "experts" is welcomed to improve my own understanding. Firstly the fundamentals which are very strong, with the exception that Institutional Ownership is already quite high. There are differing views on what the level should be, but somewhere less than 30% would be better. Additional DD would be required to determine why pre-tax profit margins are decreasing and if that is cause for concern. (This information is drawn from yahoo/multex not IBD) C Current Earnings Earnings per share growth of at least 25% in the most recent quarter Most recent quarter year on year growth. (Published financial data). 35.00 % Latest three quarters of sales growth should be a minimum of 25% Average year on year growth for last 3 quarters. (Published financial data). 51.00 % Sales growth should be accelerating. Difference in year on year growth rates over last 3 quarters. (Published financial data). 23.00 A Strong Annual Earnings Growth Annual earnings growth for the last three years of 25% or greater 3 year compound EPS growth rate. (Published financial data). 53.00 % Return on equity should be at least 17% Published financial data. 21.00 % Pretax profit margins should be increasing Profit Margin for most recent quarter minus profit margin 1 year ago. (Published financial data). -1.00 N New Products, Services or Leadership If a company has a dynamic new product or service, or is capitalizing on new conditions in the economy, this can have a dramatic impact on the price of a stock. Buy stocks just as they emerge from a sound "base" pattern and make new price highs. Not Known S Supply and Demand Watch the demand for shares by looking at the percentage change in volume for each of your stocks. Analyze a stock's daily and weekly price and volume changes. The up/down volume ratio measures the ratio of accumulation days to distribution days over the last 50 days. 0.90 L Leading Stocks in Leading Industry Groups Nearly 50% of a stock's price action is a result of its industry group's performance. Focus on the top industry groups, and within those groups select stocks with the best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). 90 Multex Rank within Industry ( 0 - 99 ). Provided for informational purposes only. (4 week relative performance) 22 The stock's Relative Price Strength Rating should be in the 80s or 90s We calculate RS daily by ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described here. It correlates well with IBD's. Value. Score pro-rated in range 60-79. 83 I Institutional Sponsorship You want at least a few of the better performing mutual funds owning the stock. They're the ones who will drive the stock up on a sustained basis. Institutional Ownership. Value in range 5 - 30% needed to score 1. 79.00 % No. of Institutions. Provided for informational purposes only. 568 M Market Direction You can buy the best stocks, but if the general market is weak, most likely your stocks will be weak also. Because Market Direction is not specific to any one particular stock, we do not evaluate it on a per stock basis. Look at the chart below. Note that the handle is only 3 days long. This is normally insufficient to have shaken out the potential sellers and WON recommends that a handle should be at least 1-2 weeks long, otherwise a breakout is prone to failure. Also the volume in the handle has not dried up. This is often the case in the early days of handle formation and we would like to see the volume decrease below the ADV and the price wedge downwards as the handle progresses. Look at the volume coming up the right side of the cup - consistently above the 50 ADV accompanied by big price positive price movements, with only two days when the stock closed slightly down. It would have been better if the volume had been below the ADV on those days, in which case the stock would have earned a higher CQ (Chart Quality) score. Note the RS line. This is quite high at 83, but has advanced only slightly over the last few days despite significant price gains in this stock. This indicates that other stocks are doing at least as well. The 50 day up/down volume is at 0.90. Values less than 1 mean that the down volume days exceed the up volume days. However, the trend of the line is upwards, which is a positive sign. I'll go out on a limb and say my guess is that todays breakout will not be sustained (although its holding now - just) and it will continue to form a handle. I conclude that this is one to watch but not to buy right now. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------_=_NextPart_001_01C23F15.E9F64850 Content-Type: text/html; charset="iso-8859-1"
Hello, another neophyte here.  If the most recent pattern for XRAY is a valid CWH, then what stage base is it?  I think I see a flat base running from about Feb. 02 until late May.  This most recent pattern undercuts the previous pattern.  So maybe this is a 1st stage base?  Thanks, jg
-----Original Message-----
From: Mike Gibbons [mailto:mike@proactech.com]
Sent: Thursday, August 08, 2002 3:27 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Current Case Study - XRAY

In view of the interest in current cases rather than 20-20 hindsight,  and discussions to aid the learning process,  I offer XRAY as an example, which broke out today from a CwH pattern with short handle
 
Firstly, let me add the disclaimer that I'm a programmer who was introduced to CANSLIM as a development project, and I'm 1 year into the 3 yr learning curve, so further comment by the "experts" is welcomed to improve my own understanding.
 
Firstly the fundamentals which are very strong, with the exception that Institutional Ownership is already quite high. There are differing views on what the level should be, but somewhere less than 30% would be better. Additional DD would be required to determine why pre-tax profit margins are decreasing and if that is cause for concern. (This information is drawn from yahoo/multex not IBD)  
 
C
Current Earnings
Earnings per share growth of at least 25% in the most recent quarter

Most recent quarter year on year growth. (Published financial data).

 35.00 %
Latest three quarters of sales growth should be a minimum of 25%
Average year on year growth for last 3 quarters. (Published financial data).
 51.00 %
Sales growth should be accelerating.
Difference in year on year growth rates over last 3 quarters. (Published financial data).
23.00
A
Strong Annual Earnings Growth
Annual earnings growth for the last three years of 25% or greater
3 year compound EPS growth rate. (Published financial data).
 53.00 %
Return on equity should be at least 17%
Published financial data.
 21.00 %
Pretax profit margins should be increasing
Profit Margin for most recent quarter minus profit margin 1 year ago. (Published financial data).
 -1.00
N
New Products, Services or Leadership
If a company has a dynamic new product or service, or is capitalizing on new conditions in the economy, this can have a dramatic impact on the price of a stock. Buy stocks just as they emerge from a sound "base" pattern and make new price highs.
Not Known  
S
Supply and Demand
Watch the demand for shares by looking at the percentage change in volume for each of your stocks. Analyze a stock's daily and weekly price and volume changes.
The up/down volume ratio measures the ratio of accumulation days to distribution days over the last 50 days.
 0.90
L
Leading Stocks in Leading Industry Groups
Nearly 50% of a stock's price action is a result of its industry group's performance. Focus on the top industry groups, and within those groups select stocks with the best price performance.
Multex Industry Rank ( 0 - 99 )
(26 week relative performance).
 90

Multex Rank within Industry ( 0 - 99 ). Provided for informational purposes only.
(4 week relative performance)

 22
The stock's Relative Price Strength Rating should be in the 80s or 90s
We calculate RS daily by ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described here. It correlates well with IBD's. Value. Score pro-rated in range 60-79.
 83
I
Institutional Sponsorship
You want at least a few of the better performing mutual funds owning the stock. They're the ones who will drive the stock up on a sustained basis.
Institutional Ownership. Value in range 5 - 30% needed to score 1.
 79.00 %
No. of Institutions. Provided for informational purposes only.
 568
M
Market Direction
You can buy the best stocks, but if the general market is weak, most likely your stocks will be weak also.
Because Market Direction is not specific to any one particular stock, we do not evaluate it on a per stock basis.
  
 
Look at the chart below. Note that the handle is only 3 days long. This is normally insufficient to have shaken out the potential sellers and WON recommends that a handle should be at least 1-2 weeks long, otherwise a breakout is prone to failure. Also the volume in the handle has not dried up. This is often the case in the early days of handle formation and we would like to see the volume decrease below the ADV and the price wedge downwards as the handle progresses.
 
Look at the volume coming up the right side of the cup - consistently above the 50 ADV accompanied by big price positive price movements, with only two days when the stock closed slightly down. It would have been better if the volume had been below the ADV on those days, in which case the stock would have earned a higher CQ (Chart Quality) score.

 Note the RS line. This is quite high at 83, but has advanced only slightly over the last few days despite significant price gains in this stock. This indicates that other stocks are doing at least as well.
 
The 50 day up/down volume is at 0.90. Values less than 1 mean that the down volume days exceed the up volume days. However, the trend of the line is upwards, which is a positive sign.
 
 I'll go out on a limb and say my guess is that todays breakout will not be sustained (although its holding now - just) and it will continue to form a handle.
 
I conclude that this is one to watch but not to buy right now.
 
 
 
Aloha,
 
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 16:17:00 EDT --part1_12f.1596d8f5.2a842bbc_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: I'll take a crack at XRAY to get the ball rolling. I agree that the fundamentals look pretty good, although I would like to know more about 118% Debt to Equity ratio. My guess is that it has to do with acquisitions because this industry is consolidating. (PDCO is another on a buying binge.) You will note that the EPS are expected to grow 31% this year, but only 13% next year. This may mean their next acquisition is still unknown or in the planning stage. Technically, I read this as a breakout even though the handle is short. Unfortunately, the cup is V shaped, not the nice round bottom we like to see. It hit it's low of $31.25 on July 22nd, just 18 days ago. I think this has more to do with the general market than it does with this company. By that I mean this is a defensive type of company; no showy new product, just conservative management and growth. If you wanted to participate in a general market recovery without a lot of risk, this would be a good place to park money. For what it is worth I checked another technical indicator that confirms $40 to $41 as a breakout price. However, all things considered, I suspect this upward push will fade rather quickly. There you go. No hind sight observation but a prediction. Thanks for bringing this up Mike. Charley --part1_12f.1596d8f5.2a842bbc_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: I'll take a crack at XRAY to get the ball rolling.
I agree that the fundamentals look pretty good, although I would like to know more about 118% Debt to Equity ratio. My guess is that it has to do with acquisitions because this industry is consolidating. (PDCO is another on a buying binge.) You will note that the EPS are expected to grow 31% this year, but only 13% next year. This may mean their next acquisition is still unknown or in the planning stage.

Technically, I read this as a breakout even though the handle is short. Unfortunately, the cup is V shaped, not the nice round bottom we like to see. It hit it's low of $31.25 on July 22nd, just 18 days ago. I think this has more to do with the general market than it does with this company. By that I mean this is a defensive type of company; no showy new product, just conservative management and growth. If you wanted to participate in a general market recovery without a lot of risk, this would be a good place to park money.

For what it is worth I checked another technical indicator that confirms $40 to $41 as a breakout price. However, all things considered, I suspect this upward push will fade rather quickly.

There you go. No hind sight observation but a prediction.

Thanks for bringing this up Mike. Charley --part1_12f.1596d8f5.2a842bbc_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Edification (was: Zillagirl) Date: 08 Aug 2002 16:20:06 EDT --part1_18.23746200.2a842c76_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hermann, Your observations may be correct. I can only speak from my perspective. I think it most constructive to take what you can use and toss the rest to those fish. I'll do the same. What do I hope to gain? Anything I may post of perceived value now could be viewed as a repayment of the debt incurred by my taking from the collective wisdom this Board over the last several months. (Say that three times fast!) Best wishes, Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com --part1_18.23746200.2a842c76_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hermann,

Your observations may be correct. I can only speak from my perspective. I think it most constructive to take what you can use and toss the rest to those fish. I'll do the same.

What do I hope to gain? Anything I may post of perceived value now could be viewed as a repayment of the debt incurred by my taking from the collective wisdom this Board over the last several months. (Say that three times fast!)

Best wishes,

Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com --part1_18.23746200.2a842c76_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) Date: 08 Aug 2002 13:20:23 -0700 Thanks Katherine, I now feel a little better about the debt but it is a bit scary. Normally, I'd expect buybacks when the debt is down and there's a lot of cash lying around, but I guess it makes sense to go into debt to buyback shares if (1) the stock price is considered way undervalued and (2) the cost of financing (interest rate) the buyback is exceptionally low. I calculated from the 10Q that the buybacks over FY99 thru Feb02 were made at an average share value of $12.83 or 38% of the current price so they've made a hefty return on their investment.. Sounds like they're managing their debt and I guess we just have to "have faith." -Harvey Katherine Malm wrote: > Hi Harvey, > > The high Long Term Debt to Equity comes from 2 sources: an aggressive stock > buyback program (reducing equity) and a strategy of financing acquisitions > via debt (increasing debt). The latest deal, for example, was a purchase of > SelsunBlue from Abbott Labs for about $75m, financed with $45m in > borrowings. The company seems to be fairly aggressive about using leverage > where possible, and that is not surprising given the mature products that > they take under wing in their portfolio reshaping program. They are also > fairly aggressive about managing their debt facilities, most likely to take > advantage of lower interest rates where possible. For example, they sold > Ban in early 2001, then used the proceeds to retire $52m in senior debt. > It's not all that uncommon for companies to rejigger their debt to equity > ratios given their chosen business strategies. Interestingly, in June of > this year, they announced a proposed primary offering of 1.8m shares, but > withdrew the offering, citing "adverse market conditions." While a D/E of > nearly 400% sounds scary, the more important thing to look for is their cash > flow and ability to cover interest payments. If financing acquisitions > through debt also allows them to build a broad product offering and increase > net income as a result, then the interest paid becomes an investment, so to > speak. If they do a lousy job of executing their strategies (sell non > performing brands, acquire others, extend existing lines), then the interest > will kill them. So far, so good. > > Beyond the D/E issue...CHTT was just an example thrown out in the > discussion on "consumer stocks." Just as in the discussion of P&G earlier > today, the "N" can come from many sources. Sometimes it's something as > simple as leveraging a brand properly, as P&G has done with the Crest > spinbrush and Crest Whitening Strips (by the way, about $50 for the box, > premium pricing, but still a fraction of what it would cost to have it done > with a special light activated process like Brite Smile's (BSML), or done > "professionally" by a dentist.). > > Katherine > > PS > Here are some quotes form CHTT's 10Q, which you can see in full at > http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000931763-02-0 > 02300 > > "We have historically financed our operations and acquisitions with a > combination of internally generated funds and borrowings. Our principal uses > of cash are working capital, servicing and repayments of long-term debt, > acquisitions, repurchases of our common stock and capital expenditures." > > "In fiscal 1999, our board of directors authorized repurchases of our common > stock of up to $10.0 million in the aggregate. In April 2000, our board of > directors authorized repurchases of up to an additional $10.0 million of our > common stock. Under these authorizations, 172,500 shares at a cost of $3.9 > million were repurchased in fiscal 1999 876,500 shares at a cost of $9.5 > million were repurchased in fiscal 2000 and 14,000 shares at a cost of $0.2 > million were repurchased in fiscal 2001. In February 2002, we repurchased, > and returned to unissued, 44,000 shares for $0.6 million. As of May 31, > 2002, the remaining amount authorized by our board of directors under our > stock buyback plan was $5.8 million; however, we are limited in our ability > to repurchase shares due to restrictions under the terms of the indenture > for our 8.875% notes and our senior credit facility. > > We believe that cash provided by operating activities, our cash and cash > equivalents balance, the net proceeds that we receive from our currently > pending offering of common stock after debt repayment and funds available > under the revolver of our senior credit facility will be sufficient to fund > our capital expenditures, debt service and working capital requirements for > the foreseeable future as our business is currently conducted. Any > acquisitions that we make in the future may require us to obtain additional > financing." > > ----- Original Message ----- > From: "Harvey Brion" > To: > Sent: Wednesday, August 07, 2002 1:13 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > These look interesting Katherine. It's hard to get excited about > > cosmetics and weight loss products but with the high GRS rating, they've > > obviously been doing well. I see they all have strong EPS estimates for > > this FY. CHTT looks the strongest in cash flow and ROE and I favor > > smaller companies anyway so I'd lean toward this one. The chart is > > pretty wide and lose, so not classic CANSLIM. Do you have any idea what > > their 389% debt to equity ratio is all about? -Harvey > > > > Katherine Malm wrote: > > > > > Here's another view of "consumer" stocks--take a look at stocks like > > > NBTY, WTW, CHTT, all of which have pros/cons, but nonetheless > > > something unexpected. Who would've thought that HD might've done so > > > well simply by consolidating a fragmented industry and redefining > > > "home improvement"? Sometimes it's the unexpected which does the best > > > while everybody else is looking to the obvious. Katherine - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 16:25:32 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_009D_01C23EF8.3A9C5290 Content-Type: multipart/alternative; boundary="----=_NextPart_001_009E_01C23EF8.3A9C5290" ------=_NextPart_001_009E_01C23EF8.3A9C5290 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike: =20 When it comes to submitting stocks for consideration, this has got to be, beyond a doubt, the cr=E8me de la cr=E8me!=20 =20 =20 =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Thursday, August 08, 2002 3:27 PM In view of the interest in current cases rather than 20-20 hindsight, and discussions to aid the learning process, I offer XRAY as an example, which broke out today from a CwH pattern with short handle =20 Firstly, let me add the disclaimer that I'm a programmer who was introduced to CANSLIM as a development project, and I'm 1 year into the 3 yr learning curve, so further comment by the "experts" is welcomed to improve my own understanding. =20 Firstly the fundamentals which are very strong, with the exception that Institutional Ownership is already quite high. There are differing views on what the level should be, but somewhere less than 30% would be better. Additional DD would be required to determine why pre-tax profit margins are decreasing and if that is cause for concern. (This information is drawn from yahoo/multex not IBD) =20 =20 C =20 Current Earnings Earnings per share growth of at least 25% in the most recent quarter Most recent quarter year on year growth. (Published financial data). 35.00 % =09 Latest three quarters of sales growth should be a minimum of 25% Average year on year growth for last 3 quarters. (Published financial data). 51.00 % =09 Sales growth should be accelerating.=20 Difference in year on year growth rates over last 3 quarters. (Published financial data).=20 23.00 =09 A =20 Strong Annual Earnings Growth Annual earnings growth for the last three years of 25% or greater 3 year compound EPS growth rate. (Published financial data). 53.00 % =09 Return on equity should be at least 17% Published financial data. 21.00 %=09 Pretax profit margins should be increasing Profit Margin for most recent quarter minus profit margin 1 year ago. (Published financial data). -1.00 =09 N =20 New Products, Services or Leadership=20 If a company has a dynamic new product or service, or is capitalizing on new conditions in the economy, this can have a dramatic impact on the price of a stock. Buy stocks just as they emerge from a sound "base" pattern and make new price highs.=20 Not Known =09 S =20 Supply and Demand=20 Watch the demand for shares by looking at the percentage change in volume for each of your stocks. Analyze a stock's daily and weekly price and volume changes.=20 The up/down volume ratio measures the ratio of accumulation days to distribution days over the last 50 days. 0.90 =09 L =20 Leading Stocks in Leading Industry Groups=20 Nearly 50% of a stock's price action is a result of its industry group's performance. Focus on the top industry groups, and within those groups select stocks with the best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). 90 =09 Multex Rank within Industry ( 0 - 99 ). Provided for informational purposes only. (4 week relative performance) 22 =09 The stock's Relative Price Strength Rating should be in the 80s or 90s=20 We calculate RS daily by ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described here. It correlates well with IBD's. Value. Score pro-rated in range 60-79. 83 =09 I =20 Institutional Sponsorship You want at least a few of the better performing mutual funds owning the stock. They're the ones who will drive the stock up on a sustained basis. Institutional Ownership. Value in range 5 - 30% needed to score 1. 79.00 % =09 No. of Institutions. Provided for informational purposes only. 568 =09 M =20 Market Direction=20 You can buy the best stocks, but if the general market is weak, most likely your stocks will be weak also. Because Market Direction is not specific to any one particular stock, we do not evaluate it on a per stock basis. =09 =20 Look at the chart below. Note that the handle is only 3 days long. This is normally insufficient to have shaken out the potential sellers and WON recommends that a handle should be at least 1-2 weeks long, otherwise a breakout is prone to failure. Also the volume in the handle has not dried up. This is often the case in the early days of handle formation and we would like to see the volume decrease below the ADV and the price wedge downwards as the handle progresses. =20 Look at the volume coming up the right side of the cup - consistently above the 50 ADV accompanied by big price positive price movements, with only two days when the stock closed slightly down. It would have been better if the volume had been below the ADV on those days, in which case the stock would have earned a higher CQ (Chart Quality) score. Note the RS line. This is quite high at 83, but has advanced only slightly over the last few days despite significant price gains in this stock. This indicates that other stocks are doing at least as well. =20 The 50 day up/down volume is at 0.90. Values less than 1 mean that the down volume days exceed the up volume days. However, the trend of the line is upwards, which is a positive sign. =20 I'll go out on a limb and say my guess is that todays breakout will not be sustained (although its holding now - just) and it will continue to form a handle.=20 =20 I conclude that this is one to watch but not to buy right now. =20 =20 =20 Aloha, =20 Mike Gibbons Proactive Technologies, LLC http://www.proactech.com =20 ------=_NextPart_001_009E_01C23EF8.3A9C5290 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Mike:
 
When it comes = to submitting=20 stocks for consideration, this has got to be, beyond a doubt, the = cr=E8me de la=20 cr=E8me! 
 
 
 
 -----Original=20 Message-----
From: owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike=20 Gibbons
Sent: Thursday, August 08, 2002 3:27 = PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Current Case = Study -=20 XRAY
In=20 view of the interest in current cases rather than 20-20 = hindsight,  and discussions to = aid the=20 learning process,  I offer XRAY as an = example, which=20 broke out today from a CwH pattern with short = handle
 
Firstly, let me add the disclaimer that I'm = a=20 programmer who was introduced to CANSLIM as a development project, and = I'm 1=20 year into the 3 yr learning curve, so further comment by the "experts" = is=20 welcomed to improve my own understanding.
 
Firstly the fundamentals which are very strong, with = the=20 exception that Institutional Ownership is already quite high. There = are=20 differing views on what the level should be, but somewhere less than = 30% would=20 be better. Additional DD would be required to = determine why=20 pre-tax profit margins are decreasing and if that is cause = for=20 concern. (This information is drawn from yahoo/multex not=20 IBD)  
 
C
Current = Earnings
Earnings per share growth of at = least 25%=20 in the most recent quarter

Most recent quarter year on year = growth.=20 (Published financial data).

 35.00 % =
Latest three quarters of sales = growth=20 should be a minimum of 25%
Average year on year growth for = last 3=20 quarters. (Published financial data).
 51.00 % =
Sales growth should be = accelerating.=20
Difference in year on year = growth rates=20 over last 3 quarters. (Published financial data). =
23.00 =
A
Strong Annual Earnings=20 Growth
Annual earnings growth for the = last three=20 years of 25% or greater
3 year compound EPS growth = rate. (Published=20 financial data).
 53.00 % =
Return on equity should be at = least=20 17%
Published financial = data.
 21.00 = %
Pretax profit margins should be = increasing
Profit Margin for most recent = quarter minus=20 profit margin 1 year ago. (Published financial = data).
 -1.00 =
N
New Products, Services or = Leadership
If a company has a dynamic new = product or=20 service, or is capitalizing on new conditions in the economy, = this can=20 have a dramatic impact on the price of a stock. Buy stocks just = as they=20 emerge from a sound "base" pattern and make new price highs.=20
Not = Known  
S
Supply and Demand =
Watch the demand for shares by = looking at=20 the percentage change in volume for each of your stocks. Analyze = a=20 stock's daily and weekly price and volume changes. =
The up/down volume ratio = measures the ratio=20 of accumulation days to distribution days over the last 50=20 days.
 0.90 =
L
Leading Stocks in Leading = Industry Groups=20
Nearly 50% of a stock's price = action is a=20 result of its industry group's performance. Focus on the top = industry=20 groups, and within those groups select stocks with the best = price=20 performance.
Multex Industry Rank ( 0 - 99 = )
(26 week=20 relative performance).
 90 =

Multex Rank within Industry ( 0 - = 99 ).=20 Provided for informational purposes only.
(4 week relative=20 performance)

 22 =
The stock's Relative Price = Strength Rating=20 should be in the 80s or 90s
We calculate RS daily by = ranking all NYSE,=20 AMEX and NASDAQ stocks. Our RS algorithm is described=20 here. It correlates well with IBD's. = Value.=20 Score pro-rated in range 60-79.
 83 =
I
Institutional = Sponsorship
You want at least a few of the = better=20 performing mutual funds owning the stock. They're the ones who = will=20 drive the stock up on a sustained basis.
Institutional Ownership. Value = in range 5 -=20 30% needed to score 1.
 79.00 % =
No. of Institutions. Provided = for=20 informational purposes only.
 568 =
M
Market Direction =
You can buy the best stocks, = but if the=20 general market is weak, most likely your stocks will be weak=20 also.
Because Market Direction is not = specific to=20 any one particular stock, we do not evaluate it on a per stock=20 basis.
  
 
Look at the chart below. Note that the = handle is only=20 3 days long. This is normally insufficient to have shaken out the = potential=20 sellers and WON recommends that a handle should be at least 1-2 weeks = long,=20 otherwise a breakout is prone to failure. Also the volume in the = handle has=20 not dried up. This is often the case in the early days of handle = formation and=20 we would like to see the volume decrease below the ADV and the price = wedge=20 downwards as the handle progresses.
 
Look at the volume coming up the right = side of the=20 cup - consistently above the 50 ADV accompanied by big price positive = price=20 movements, with only two days when the stock closed slightly down. It = would=20 have been better if the volume had been below the ADV on those days, = in which=20 case the stock would have earned a higher CQ (Chart Quality)=20 score.

 Note the RS=20 line. This is quite high at 83, but has advanced only=20 slightly over the last few days despite = significant=20 price gains in this stock. This indicates that other stocks are = doing at=20 least as well.
 
The 50 day = up/down volume=20 is at 0.90. Values less than 1 mean that the down volume days exceed = the up=20 volume days. However, the trend of the line is upwards, which is a = positive=20 sign.
 
 I'll go out on a limb and = say my guess is=20 that todays breakout will not be sustained (although its holding now -=20 just) and it will continue to form a handle.=20
 
I conclude that this is one to watch but = not to buy=20 right=20 now.
=
 
3D""
 
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 16:27:39 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0028_01C23EF8.857F01E0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0029_01C23EF8.857F01E0" ------=_NextPart_001_0029_01C23EF8.857F01E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike: A quick set of comments from a novice: 1. If the pattern is Cup with handle: The cup starting (31 May and ending 31 July) appears to be a V = formation, which is less desirable for success. 2. The handle starting 31July and ending yesterday is either FLAT or = V-SHAPED (neither are desirable) 3. High volume persisted in the handle period ... again undesirable. 4. Looking at a longer term charts (1 year, 3 year , 5 year and 10 year) = show a pattern approaching "Ascending bases" as described in Investor's = Corner today (8 Aug). 5. Institutional ownership is high as you point out at 76% or 60 million = of the 78 million shares outstanding. Recent activity in this area shows 6.2 million shares bought and = 6.3 million sold. My suspicion here is that some WINDOW DRESSING by the = institutional managers was occurring. 6. Insider sales do not normally alarm me, but the CEO Miles unloaded $6 = million dollars of shares at prices between $33 and $50, leaving him = with 64,000 shares worth $2.5 million. 7. I have been watching XRAY in the past, and it often comes up in the = IBD Where The Big Money Flows, but so far I have not been convinced = enough to buy it. ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 3:26 PM Subject: [CANSLIM] Current Case Study - XRAY In view of the interest in current cases rather than 20-20 hindsight, = and discussions to aid the learning process, I offer XRAY as an = example, which broke out today from a CwH pattern with short handle Firstly, let me add the disclaimer that I'm a programmer who was = introduced to CANSLIM as a development project, and I'm 1 year into the = 3 yr learning curve, so further comment by the "experts" is welcomed to = improve my own understanding. Firstly the fundamentals which are very strong, with the exception = that Institutional Ownership is already quite high. There are differing = views on what the level should be, but somewhere less than 30% would be = better. Additional DD would be required to determine why pre-tax profit = margins are decreasing and if that is cause for concern. (This = information is drawn from yahoo/multex not IBD) =20 C Current Earnings Earnings per share growth of at least 25% in = the most recent quarter Most recent quarter year on year growth. = (Published financial data). 35.00 % =20 Latest three quarters of sales growth should be a minimum of 25% = Average year on year growth for last 3 quarters. (Published financial = data). 51.00 % =20 Sales growth should be accelerating. Difference in year on year = growth rates over last 3 quarters. (Published financial data). 23.00 =20 A Strong Annual Earnings Growth Annual earnings growth for the = last three years of 25% or greater 3 year compound EPS growth rate. = (Published financial data). 53.00 % =20 Return on equity should be at least 17% Published financial = data. 21.00 %=20 Pretax profit margins should be increasing Profit Margin for = most recent quarter minus profit margin 1 year ago. (Published financial = data). -1.00 =20 N New Products, Services or Leadership If a company has a = dynamic new product or service, or is capitalizing on new conditions in = the economy, this can have a dramatic impact on the price of a stock. = Buy stocks just as they emerge from a sound "base" pattern and make new = price highs. Not Known =20 S Supply and Demand Watch the demand for shares by looking at = the percentage change in volume for each of your stocks. Analyze a = stock's daily and weekly price and volume changes. The up/down volume = ratio measures the ratio of accumulation days to distribution days over = the last 50 days. 0.90 =20 L Leading Stocks in Leading Industry Groups Nearly 50% of a = stock's price action is a result of its industry group's performance. = Focus on the top industry groups, and within those groups select stocks = with the best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). 90 =20 Multex Rank within Industry ( 0 - 99 ). Provided for = informational purposes only. (4 week relative performance) 22 =20 The stock's Relative Price Strength Rating should be in the 80s = or 90s We calculate RS daily by ranking all NYSE, AMEX and NASDAQ = stocks. Our RS algorithm is described here. It correlates well with = IBD's. Value. Score pro-rated in range 60-79. 83 =20 I Institutional Sponsorship You want at least a few of the = better performing mutual funds owning the stock. They're the ones who = will drive the stock up on a sustained basis. Institutional Ownership. = Value in range 5 - 30% needed to score 1. 79.00 % =20 No. of Institutions. Provided for informational purposes only. = 568 =20 M Market Direction You can buy the best stocks, but if the = general market is weak, most likely your stocks will be weak also. = Because Market Direction is not specific to any one particular stock, we = do not evaluate it on a per stock basis. =20 Look at the chart below. Note that the handle is only 3 days long. = This is normally insufficient to have shaken out the potential sellers = and WON recommends that a handle should be at least 1-2 weeks long, = otherwise a breakout is prone to failure. Also the volume in the handle = has not dried up. This is often the case in the early days of handle = formation and we would like to see the volume decrease below the ADV and = the price wedge downwards as the handle progresses. Look at the volume coming up the right side of the cup - consistently = above the 50 ADV accompanied by big price positive price movements, with = only two days when the stock closed slightly down. It would have been = better if the volume had been below the ADV on those days, in which case = the stock would have earned a higher CQ (Chart Quality) score. Note the RS line. This is quite high at 83, but has advanced only = slightly over the last few days despite significant price gains in this = stock. This indicates that other stocks are doing at least as well. The 50 day up/down volume is at 0.90. Values less than 1 mean that the = down volume days exceed the up volume days. However, the trend of the = line is upwards, which is a positive sign. I'll go out on a limb and say my guess is that todays breakout will = not be sustained (although its holding now - just) and it will continue = to form a handle.=20 I conclude that this is one to watch but not to buy right now. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_001_0029_01C23EF8.857F01E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike:
 
A quick set of comments from a novice:
 
1. If the pattern is  Cup with = handle:
     The cup starting (31 May = and ending=20 31 July) appears to be a V formation, which is less desirable for=20 success.
2. The handle starting 31July and ending yesterday = is either=20 FLAT or V-SHAPED (neither are desirable)
3. High volume persisted in the handle period ... = again=20 undesirable.
4. Looking at a longer term charts (1 year, 3 year , = 5 year=20 and 10 year) show a pattern approaching "Ascending bases" as described = in=20 Investor's Corner today (8 Aug).
5. Institutional ownership is high as you point out = at 76% or=20 60 million of the 78 million shares outstanding.
     Recent activity in this = area shows=20 6.2 million shares bought and 6.3 million sold. My suspicion here is = that some=20 WINDOW DRESSING by the institutional managers was = occurring.
6. Insider sales do not normally alarm me, but the = CEO Miles=20 unloaded $6  million dollars of shares at prices between $33 and = $50,=20 leaving him with 64,000 shares worth $2.5 million.
7. I have been watching XRAY in the past, and it = often comes=20 up in the IBD Where The Big Money Flows, but so far I have = not  been=20 convinced enough to buy it.
----- Original Message -----
From:=20 Mike = Gibbons=20
Sent: Thursday, August 08, 2002 = 3:26=20 PM
Subject: [CANSLIM] Current Case = Study -=20 XRAY

In=20 view of the interest in current cases rather than 20-20 = hindsight,  and discussions to = aid the=20 learning process,  I offer XRAY as an = example, which=20 broke out today from a CwH pattern with short = handle
 
Firstly, let me add the disclaimer that I'm = a=20 programmer who was introduced to CANSLIM as a development project, and = I'm 1=20 year into the 3 yr learning curve, so further comment by the "experts" = is=20 welcomed to improve my own understanding.
 
Firstly the fundamentals which are very strong, with = the=20 exception that Institutional Ownership is already quite high. There = are=20 differing views on what the level should be, but somewhere less than = 30% would=20 be better. Additional DD would be required to = determine why=20 pre-tax profit margins are decreasing and if that is cause = for=20 concern. (This information is drawn from yahoo/multex not=20 IBD)  
 
C
Current = Earnings
Earnings per share growth of at = least 25%=20 in the most recent quarter

Most recent quarter year on year = growth.=20 (Published financial data).

 35.00 % =
Latest three quarters of sales = growth=20 should be a minimum of 25%
Average year on year growth for = last 3=20 quarters. (Published financial data).
 51.00 % =
Sales growth should be = accelerating.=20
Difference in year on year = growth rates=20 over last 3 quarters. (Published financial data). =
23.00 =
A
Strong Annual Earnings=20 Growth
Annual earnings growth for the = last three=20 years of 25% or greater
3 year compound EPS growth = rate. (Published=20 financial data).
 53.00 % =
Return on equity should be at = least=20 17%
Published financial = data.
 21.00 = %
Pretax profit margins should be = increasing
Profit Margin for most recent = quarter minus=20 profit margin 1 year ago. (Published financial = data).
 -1.00 =
N
New Products, Services or = Leadership
If a company has a dynamic new = product or=20 service, or is capitalizing on new conditions in the economy, = this can=20 have a dramatic impact on the price of a stock. Buy stocks just = as they=20 emerge from a sound "base" pattern and make new price highs.=20
Not = Known  
S
Supply and Demand =
Watch the demand for shares by = looking at=20 the percentage change in volume for each of your stocks. Analyze = a=20 stock's daily and weekly price and volume changes. =
The up/down volume ratio = measures the ratio=20 of accumulation days to distribution days over the last 50=20 days.
 0.90 =
L
Leading Stocks in Leading = Industry Groups=20
Nearly 50% of a stock's price = action is a=20 result of its industry group's performance. Focus on the top = industry=20 groups, and within those groups select stocks with the best = price=20 performance.
Multex Industry Rank ( 0 - 99 = )
(26 week=20 relative performance).
 90 =

Multex Rank within Industry ( 0 - = 99 ).=20 Provided for informational purposes only.
(4 week relative=20 performance)

 22 =
The stock's Relative Price = Strength Rating=20 should be in the 80s or 90s
We calculate RS daily by = ranking all NYSE,=20 AMEX and NASDAQ stocks. Our RS algorithm is described=20 here. It correlates well with IBD's. = Value.=20 Score pro-rated in range 60-79.
 83 =
I
Institutional = Sponsorship
You want at least a few of the = better=20 performing mutual funds owning the stock. They're the ones who = will=20 drive the stock up on a sustained basis.
Institutional Ownership. Value = in range 5 -=20 30% needed to score 1.
 79.00 % =
No. of Institutions. Provided = for=20 informational purposes only.
 568 =
M
Market Direction =
You can buy the best stocks, = but if the=20 general market is weak, most likely your stocks will be weak=20 also.
Because Market Direction is not = specific to=20 any one particular stock, we do not evaluate it on a per stock=20 basis.
  
 
Look at the chart below. Note that the = handle is only=20 3 days long. This is normally insufficient to have shaken out the = potential=20 sellers and WON recommends that a handle should be at least 1-2 weeks = long,=20 otherwise a breakout is prone to failure. Also the volume in the = handle has=20 not dried up. This is often the case in the early days of handle = formation and=20 we would like to see the volume decrease below the ADV and the price = wedge=20 downwards as the handle progresses.
 
Look at the volume coming up the right = side of the=20 cup - consistently above the 50 ADV accompanied by big price positive = price=20 movements, with only two days when the stock closed slightly down. It = would=20 have been better if the volume had been below the ADV on those days, = in which=20 case the stock would have earned a higher CQ (Chart Quality)=20 score.

 Note the RS=20 line. This is quite high at 83, but has advanced only=20 slightly over the last few days despite = significant=20 price gains in this stock. This indicates that other stocks are = doing at=20 least as well.
 
The 50 day = up/down volume=20 is at 0.90. Values less than 1 mean that the down volume days exceed = the up=20 volume days. However, the trend of the line is upwards, which is a = positive=20 sign.
 
 I'll go out on a limb and = say my guess is=20 that todays breakout will not be sustained (although its holding now -=20 just) and it will continue to form a handle.=20
 
I conclude that this is one to watch but = not to buy=20 right=20 now.
=
 
3D""
 
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) Date: 08 Aug 2002 16:36:09 -0400 Harvey: This just in from CBS Marketwatch, excerpted from Tom Calandra's column. The market is waiting for large share buybacks from the Dow 30 companies, including IBM (IBM), General Electric (GE) and Intel (INTC). If official interest rates, now at 40-year lows, fall even lower next week, America's largest companies could be tempted to use borrowed money to rein in their shares. A rate of 1.5 percent or lower on overnight funds essentially would put the "real" interest rate, which accounts for inflation, near zero. By the way, his column is pretty interesting, so I've copied the text of the entire piece below. Duke A lasting rally needs the little guy... Housing market, oil to play their parts in market drama By Thom Calandra, CBS.MarketWatch.com Last Update: 10:46 AM ET Aug 8, 2002 SAN FRANCISCO (CBS.MW) -- Here's what investors need to see if the U.S. stock market, this summer's best-selling drama, is to stage a lasting recovery: The market is waiting for large share buybacks from the Dow 30 companies, including IBM (IBM), General Electric (GE) and Intel (INTC). If official interest rates, now at 40-year lows, fall even lower next week, America's largest companies could be tempted to use borrowed money to rein in their shares. A rate of 1.5 percent or lower on overnight funds essentially would put the "real" interest rate, which accounts for inflation, near zero. Consumers clearly call the shots. Their buying on Main Street powers about two-thirds of economic output in the United States. Big retailers such as Best Buy (BBY) cite waning consumer confidence in their sales reports. As always, the American economy, and the stock market that follows its path, depends on a happy, spending consumer. Getting that happy spender might depend largely on the housing market. Brisk sales of homes, both old and new, and a record pace of mortgage refinancings must continue if Americans are to cruise the shopping mall with discretionary income. As long as "real" interest rates hover near zero, home and condo prices will keep rising nationwide. Right now, there's a glut of oil out there, thanks to the global slowdown. Russia and countries that "cheat" on their OPEC quotas are also feeding the glut. Energy author Joseph Duarte says White House saber-rattling about an attack on Iraq could lead to a further stock-market slump in the event of an attack on Saddam Hussein. "The depressed prices in the oil stocks have correctly predicted the economic slowdown in the U.S.," says Duarte, author of "Successful Energy Sector Investing." "Their rock bottom prices are now predicting that an attack on Iraq would lead to severe damage to the oil companies' international infrastructure, which would be translated to decreased earnings and material losses, as vandalism, death of key personnel, and perhaps even the nationalization of assets in radical states would likely be the outcome of such an attack." America needs confirmation that long-suffering investors are not, repeat not, poised to cash in their retirement portfolios to pay bills. Such confirmation, in the form of hard numbers, is hard to come by. Anecdotal evidence suggests some investors with 401(k) and Individual Retirement Accounts, saddled as they are with credit-card debt or on the jobless dole, may rush to liquidate their holdings, triggering penalties and putting their retirement lifestyles at risk. If that happens on a large scale, all heck would break loose in the stock market. I suppose that is what the market would label desperation, or capitulation. Finally, America needs to boost exports in a big way. With the red ink in the country's current account -- its ledger with the rest of the world -- approaching 5 percent of economic output, America's capital markets face a complete retreat by overseas investors. Keep an eye on the corporate bond market. If the suffering bond prices of America's largest companies improve any time soon, that's a sign international investors are becoming comfortable with bloated U.S. debt levels. The stock market is a hot potato these days, as strategist Kevin Lane at Technimentals Research puts it. Large and small investors are no longer willing to commit to the market for any span longer than a few days. Hence the choppy trading and 300-point Dow swings. Investors are advised to wait for signs of serious net inflow into equities, as measured by trading volumes, price and sustained rallies, before attempting to navigate themselves through the wreckage. StockWatch by e-mail You can get free delivery of Thom Calandra's StockWatch every trading day. Sign up for Thom Calandra's StockWatch newsletter at MarketWatch.com. No strings attached. Subscribe today Thom Calandra's StockWatch is in its seventh year at CBS MarketWatch. -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Harvey Brion Sent: Thursday, August 08, 2002 4:20 PM Thanks Katherine, I now feel a little better about the debt but it is a bit scary. Normally, I'd expect buybacks when the debt is down and there's a lot of cash lying around, but I guess it makes sense to go into debt to buyback shares if (1) the stock price is considered way undervalued and (2) the cost of financing (interest rate) the buyback is exceptionally low. I calculated from the 10Q that the buybacks over FY99 thru Feb02 were made at an average share value of $12.83 or 38% of the current price so they've made a hefty return on their investment.. Sounds like they're managing their debt and I guess we just have to "have faith." -Harvey Katherine Malm wrote: > Hi Harvey, > > The high Long Term Debt to Equity comes from 2 sources: an aggressive > stock buyback program (reducing equity) and a strategy of financing > acquisitions via debt (increasing debt). The latest deal, for example, > was a purchase of SelsunBlue from Abbott Labs for about $75m, financed > with $45m in borrowings. The company seems to be fairly aggressive > about using leverage where possible, and that is not surprising given > the mature products that they take under wing in their portfolio > reshaping program. They are also fairly aggressive about managing > their debt facilities, most likely to take advantage of lower > interest rates where possible. For example, they sold Ban in early > 2001, then used the proceeds to retire $52m in senior debt. It's not > all that uncommon for companies to rejigger their debt to equity > ratios given their chosen business strategies. Interestingly, in June > of this year, they announced a proposed primary offering of 1.8m > shares, but withdrew the offering, citing "adverse market conditions." > While a D/E of nearly 400% sounds scary, the more important thing to > look for is their cash flow and ability to cover interest payments. If > financing acquisitions through debt also allows them to build a broad > product offering and increase net income as a result, then the > interest paid becomes an investment, so to speak. If they do a lousy > job of executing their strategies (sell non performing brands, acquire > others, extend existing lines), then the interest will kill them. So > far, so good. > > Beyond the D/E issue...CHTT was just an example thrown out in the > discussion on "consumer stocks." Just as in the discussion of P&G > earlier today, the "N" can come from many sources. Sometimes it's > something as simple as leveraging a brand properly, as P&G has done > with the Crest spinbrush and Crest Whitening Strips (by the way, about > $50 for the box, premium pricing, but still a fraction of what it > would cost to have it done with a special light activated process like > Brite Smile's (BSML), or done "professionally" by a dentist.). > > Katherine > > PS > Here are some quotes form CHTT's 10Q, which you can see in full at > http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=000093176 > 3-02-0 > 02300 > > "We have historically financed our operations and acquisitions with a > combination of internally generated funds and borrowings. Our > principal uses of cash are working capital, servicing and repayments > of long-term debt, acquisitions, repurchases of our common stock and > capital expenditures." > > "In fiscal 1999, our board of directors authorized repurchases of our > common stock of up to $10.0 million in the aggregate. In April 2000, > our board of directors authorized repurchases of up to an additional > $10.0 million of our common stock. Under these authorizations, 172,500 > shares at a cost of $3.9 million were repurchased in fiscal 1999 > 876,500 shares at a cost of $9.5 million were repurchased in fiscal > 2000 and 14,000 shares at a cost of $0.2 million were repurchased in > fiscal 2001. In February 2002, we repurchased, and returned to > unissued, 44,000 shares for $0.6 million. As of May 31, 2002, the > remaining amount authorized by our board of directors under our stock > buyback plan was $5.8 million; however, we are limited in our ability > to repurchase shares due to restrictions under the terms of the > indenture for our 8.875% notes and our senior credit facility. > > We believe that cash provided by operating activities, our cash and > cash equivalents balance, the net proceeds that we receive from our > currently pending offering of common stock after debt repayment and > funds available under the revolver of our senior credit facility will > be sufficient to fund our capital expenditures, debt service and > working capital requirements for the foreseeable future as our > business is currently conducted. Any acquisitions that we make in the > future may require us to obtain additional financing." > > ----- Original Message ----- > From: "Harvey Brion" > To: > Sent: Wednesday, August 07, 2002 1:13 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > > > These look interesting Katherine. It's hard to get excited about > > cosmetics and weight loss products but with the high GRS rating, > > they've obviously been doing well. I see they all have strong EPS > > estimates for this FY. CHTT looks the strongest in cash flow and > > ROE and I favor smaller companies anyway so I'd lean toward this > > one. The chart is pretty wide and lose, so not classic CANSLIM. Do > > you have any idea what their 389% debt to equity ratio is all about? > > -Harvey > > > > Katherine Malm wrote: > > > > > Here's another view of "consumer" stocks--take a look at stocks > > > like NBTY, WTW, CHTT, all of which have pros/cons, but nonetheless > > > something unexpected. Who would've thought that HD might've done > > > so well simply by consolidating a fragmented industry and > > > redefining "home improvement"? Sometimes it's the unexpected which > > > does the best while everybody else is looking to the obvious. > > > Katherine - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 16:39:03 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0058_01C23EFA.1AB1C800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke: Today, Thursday 8 Aug., CNBC will be doing a story on Martha.... . = sometime after 5:00pm EDT She has not been seen in public recently, so the cameras are going over = to her place in the Hanmptons. Will the segment be featuring you in the first HTMMIS oath?=20 ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 2:46 PM Subject: RE: [CANSLIM] HTMMIS Oath Kris: Is what really necessary? 1) The oath part? (tongue in cheek, but...Yes.) 2) That our members understand a new member has at least tasted the = basics of CANSLIM by having read at least one of the books? Yes. 3) That I appear on CNBC as Maria Barteromo's guest, signing the first = oath. Absolutely! (And for those of you who suggested Martha Stewart, = that is NOT, in her words, "a good thing"!) Won't you agree that joining the CANSLIM list without experiencing the = basics is like attempting a 200-level college course before taking the = 100-level courses? And we're talking basics here. To wit: A recent new = member (no longer with us) was tossing out "potential CANSLIM" stocks = with four quarters of negative AND decelerating earnings, but he "liked" = the company. He wasn't bounced, however, due to his lack of knowledge = of CANSLIM. Nobody has or will be, I'm sure. But I submit that if he = knew having some understanding of CANSLIM was expected of him, he may = not have ever continued with the signup process. =20 Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of KrisFg@aol.com Sent: Thursday, August 08, 2002 1:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] HTMMIS Oath Duke, is this really necessary.=20 ------=_NextPart_000_0058_01C23EFA.1AB1C800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Duke:
 
Today, Thursday 8 Aug., CNBC = will be doing=20 a story on Martha.... . sometime after 5:00pm EDT
She has not been seen in public recently, so the = cameras are=20 going over to her place in the Hanmptons.
 
Will the segment be featuring you in the first=20 HTMMIS oath?
 
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Thursday, August 08, 2002 = 2:46=20 PM
Subject: RE: [CANSLIM] HTMMIS = Oath

Kris:
 
Is what = really=20 necessary?
 
1) The oath = part? (tongue=20 in cheek, but...Yes.)
 
2) That our = members=20 understand a new member has at least tasted the basics of = CANSLIM by=20 having read at least one of the books?  Yes.
 
3) That I = appear on CNBC=20 as Maria Barteromo's guest, signing the first oath.  Absolutely! = (And for=20 those of you who suggested Martha Stewart, that is NOT, in her=20 words, "a good thing"!)
 
Won't you = agree that=20 joining the CANSLIM list without experiencing the basics is like = attempting a=20 200-level college course before taking the 100-level courses?  = And we're=20 talking basics here.  To wit: A recent new member (no longer with = us) was tossing out "potential CANSLIM" stocks with four quarters = of=20 negative AND decelerating earnings, but he "liked" the = company.  He=20 wasn't bounced, however, due to his lack of knowledge of = CANSLIM.  Nobody=20 has or will be, I'm sure.  But I submit that if he knew having = some=20 understanding of CANSLIM was expected of him, he may not have ever = continued=20 with the signup process.  
 
Duke
 
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of KrisFg@aol.com
Sent: Thursday, August = 08, 2002=20 1:57 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] HTMMIS Oath

Duke, is this = really necessary.=20
------=_NextPart_000_0058_01C23EFA.1AB1C800-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: [CANSLIM] SIE Date: 08 Aug 2002 16:37:05 EDT --part1_4b.2169d994.2a843071_boundary Content-Type: multipart/alternative; boundary="4b.2169d994_alt_bound" --4b.2169d994_alt_bound Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do: =20 Sierra Health Services Inc. is a managed health care organization that=20 provides and administers the delivery of comprehensive healthcare and=20 workers' compensation programs with an emphasis on quality care and cost=20 management. The Company's broad range of managed healthcare services is=20 provided through the following: federally qualified health maintenance=20 organizations (HMOs); managed indemnity plans; a third-party administrative=20 services program for employer-funded health benefit plans; workers'=20 compensation medical management and fully insured program; ancillary product= s=20 and services that complement the Company's managed healthcare and workers'=20 compensation product lines; and a subsidiary that administers a managed care= =20 federal contract for the Department of Defense's TRICARE program in Region 1= .=20 =20 Industry: Medical-HMO =20 Competitors: [Unable to display image] [Unable to display image] Sierra Health Svcs= Inc SIE [Unable to display image] [Unable to displa= y image] =20 [Unable to display image] =20 [Unable to display image] [Unable to display image] Coventry Health Ca= re Inc CVH [Unable to display image] [Unable to display im= age] =20 [Unable to display image] =20 [Unable to display image] [Unable to display image] Mid Atlantic Med S= vc Inc MME [Unable to display image] [Unable to display im= age] =20 [Unable to display image] =20 [Unable to display image] [Unable to display image] Anthem Inc =20= [Unable to display image] ATH [Unable to display image] [Unable=20= to display image] =20 [Unable to display image] =20 [Unable to display image] [Unable to display image] Amerigroup Corp [U= nable to display image] AMGP =20 =20 =20 IBD SmartSelect=AE Corporate Ratings =20 Earnings Per Share 80 (EPS) Rating Relative Price Strength 98 (RS) Rating Industry Group Relative Strength A+ (Grp RS) Rating Sales + Profit Margins + ROE B (SMR) Rating B =20 Accumulation/Distribution B (Acc/Dis) Rating =20 80 98 A+ B B =20 =20 Further Interest: Yes =20 Notes:=20 =20 Sierra Health Services, Inc. Raises 2002 EPS Guidance to $1.30-$1.35 Range=20 (Jul 22, 2002) Sierra Health Services, Inc. Raises 2002 Earnings Guidance to $1.02 and $1.0= 5=20 Per Share (Apr 29, 2002) Questions: =20 1. Is this format OK? 2. Are you going to tell me how you found this stock? 1 down 2 to go, Kris =20 --4b.2169d994_alt_bound Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do:

Sierra Health Services Inc. is a managed health care organization that provi= des and administers the delivery of comprehensive healthcare and workers' co= mpensation programs with an emphasis on quality care and cost management. Th= e Company's broad range of managed healthcare services is provided through t= he following: federally qualified health maintenance organizations (HMOs); m= anaged indemnity plans; a third-party administrative services program for em= ployer-funded health benefit plans; workers' compensation medical management= and fully insured program; ancillary products and services that complement=20= the Company's managed healthcare and workers' compensation product lines; an= d a subsidiary that administers a managed care federal contract for the Depa= rtment of Defense's TRICARE program in Region 1.

Industry: Medical-HMO

Competitors:
Sierra Health Svcs Inc&= nbsp;          SIE <= IMG SRC=3D"cid:X.MA417754410@aol.com" ID=3D"MA417754410" WIDTH=3D"80" HEIG= HT=3D"1" BORDER=3D"0">

Coventry Health Care In= c       CVH

Mid Atlantic Med Svc In= c       MME =20=

Anthem Inc  &= nbsp;      ATH

Amerigroup Corp AMGP



IBD SmartSelect= =AE Corporate Ratings
Earnings Per Share 80
(EPS) Rating Relative Price Strength 98
(RS) Rating Industry Group Relative Strength A+
(Grp RS) Rating Sales + Profit Margins + ROE  B
(SMR) Rating B
Accumulation/Distribution  B
(Acc/Dis) Rating
80 98 A+ B B


Further Interest: Yes<= BR>
Notes:

Sierra Health Services, Inc. Raises 2002 EPS Guidance to $1.30-$1.35 Range (= Jul 22, 2002)

Sierra Health Services, Inc. Raises 2002 Earnings Guidance to $1.02 and $1.0= 5 Per Share (Apr 29, 2002)

Questions:

1. Is this format OK?
2. Are you going to tell me how you found this stock?

1 down 2 to go,
Kris
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] CCR - I offer this up for dissection Date: 08 Aug 2002 15:50:01 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C23F1D.2A230B06 Content-Type: multipart/alternative; boundary="----_=_NextPart_002_01C23F1D.2A230B06" ------_=_NextPart_002_01C23F1D.2A230B06 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable CCR - Countrywide Cr Inds Inc =20 EPS growth could be better but are we more forgiving over the past 3 = qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in = itself is an accomplishment)? Appears to be coming out of CWH formation = (all though not as beautiful a formation as the Mona Lisa or anything = IBD would show us). Thoughts? =20 IBD Ratings =09 Smart Select 99 =09 EPS Rating 94 =09 RPS 89 =09 Industry Group Rank A =09 S+P M+ROE A =09 A/D A+ =09 =09 =09 Technical Rating 98 =09 Fundamental Rating 96 =09 Attractiveness Rating 99 =09 Group's Technical Rating 79 =09 Group's Fundamental Rating 86 =09 =09 =09 =09 Rank within Industry Group =09 Industry Rank (08/08/02) 32 =09 =09 Overall 100 =09 Technical 100 =09 Fundamental 91 =09 Attriveness 100 =09 Top 5 Companies w/in Group =09 =20 =09 CCR =09 =20 =09 DORL =09 =20 =09 NCEN =09 =20 =09 NDE =09 =20 =09 FRE =09 Group % Chg to Date 2% =09 Group % Chg Last 12 mths 4% =09 Group % Chg Last 4 weeks 4% =09 =09 =09 Performance =09 =09 Up/Down Vol 1.3 =09 3 Yr. EPS Growth 16% =09 3 Yr. Sales Growth 25% =09 EPS Growth (Quarterly) % Chg=09 Qtr -1 $0.64 5%=09 Qtr -2 $0.61 8%=09 Qtr -3 $0.56 5%=09 Qtr -4 $0.53 8%=09 Qtr -5 $0.49 0%=09 Qtr -6 $0.49 =09 =09 Revenue Growth =09 Qtr -1 293,159 3%=09 Qtr -2 285,799 1%=09 Qtr -3 283,199 1%=09 Qtr -4 281,332 3%=09 Qtr -5 272,860 0%=09 Qtr -6 272,489 =09 ------_=_NextPart_002_01C23F1D.2A230B06 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
CCR -=20 Countrywide Cr Inds Inc
 
EPS=20 growth could be better but are we more forgiving over the past 3 qtrs = (after=20 all- CCR is positive EPS growth for past 3 qtrs which in itself is an=20 accomplishment)? Appears to be coming out of CWH formation (all though = not as=20 beautiful a formation as the Mona Lisa or anything IBD would show us).=20 Thoughts?
 
IBD Ratings
Smart Select 99
EPS Rating 94
RPS 89
Industry Group Rank A
S+P M+ROE A
A/D A+
Technical Rating 98
Fundamental Rating 96
Attractiveness Rating 99
Group's Technical = Rating 79
Group's Fundamental = Rating 86
Rank within Industry Group
Industry Rank = (08/08/02) 32
Overall 100
Technical 100
Fundamental 91
Attriveness 100
Top 5 Companies w/in = Group
=20
 
 CCR
=20
 
 DORL
=20
 
 NCEN
=20
 
 NDE
=20
 
 FRE
Group % Chg = to Date 2%
Group % Chg = Last 12=20 mths 4%
Group % Chg = Last 4=20 weeks 4%
Performance
Up/Down Vol 1.3
3 Yr. EPS Growth 16%
3 Yr. Sales Growth 25%
EPS Growth = (Quarterly) % Chg
Qtr -1 $0.64 5%
Qtr -2 $0.61 8%
Qtr -3 $0.56 5%
Qtr -4 $0.53 8%
Qtr -5 $0.49 0%
Qtr -6 $0.49
Revenue Growth
Qtr -1 293,159 3%
Qtr -2 285,799 1%
Qtr -3 283,199 1%
Qtr -4 281,332 3%
Qtr -5 272,860 0%
Qtr -6 272,489
------_=_NextPart_002_01C23F1D.2A230B06-- ------_=_NextPart_001_01C23F1D.2A230B06 Content-Type: image/gif; name="clip_image001.gif" Content-Transfer-Encoding: base64 Content-ID: <714244820@08082002-183d> Content-Description: clip_image001.gif Content-Location: clip_image001.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------_=_NextPart_001_01C23F1D.2A230B06 Content-Type: image/gif; name="clip_image002.gif" Content-Transfer-Encoding: base64 Content-ID: <714244820@08082002-1844> Content-Description: clip_image002.gif Content-Location: clip_image002.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------_=_NextPart_001_01C23F1D.2A230B06 Content-Type: image/gif; name="clip_image003.gif" Content-Transfer-Encoding: base64 Content-ID: <714244820@08082002-184b> Content-Description: clip_image003.gif Content-Location: clip_image003.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------_=_NextPart_001_01C23F1D.2A230B06 Content-Type: image/gif; name="clip_image004.gif" Content-Transfer-Encoding: base64 Content-ID: <714244820@08082002-1852> Content-Description: clip_image004.gif Content-Location: clip_image004.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------_=_NextPart_001_01C23F1D.2A230B06 Content-Type: image/gif; name="clip_image005.gif" Content-Transfer-Encoding: base64 Content-ID: <714244820@08082002-1859> Content-Description: clip_image005.gif Content-Location: clip_image005.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------_=_NextPart_001_01C23F1D.2A230B06-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 16:55:43 EDT --part1_ae.2b43ae24.2a8434cf_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Anybody else concerned about the latest qtr's operating cash flow on XRAY? It declined substantially from prior quarters, according to MSN. Robert W. Elmer --part1_ae.2b43ae24.2a8434cf_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Anybody else concerned about the latest qtr's operating cash flow on XRAY? It declined substantially from prior quarters, according to MSN.

Robert W. Elmer
--part1_ae.2b43ae24.2a8434cf_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] SIE Date: 08 Aug 2002 16:20:57 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_089A_01C23EF7.9377A050 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kris, the format is excellent and if it's good for you it's great for = me! Your question ... Are you going to tell me how you found this stock? Yes, eventually.....=20 Someone earlier mentioned looking at the SOD (stocks of the day) list on = investors.com Although I didn't use SOD as my source... Guess what you'll see near the end of today's (8/6) SOD list???? Top Earnings and Price Performance The stocks listed are leading members of leading industry groups with = the highest combined Earnings Per Share Ratings and Relative Price = Strength Ratings in our database. Stocks were also screened for an = Industry Group Relative Strength Rating and Accumulation/Distribution = Rating of at least "B-." All stocks are within 20% of a 52-week high.=20 SIE Sierra Health Svcs Inc 80 98=20 Good luck on the other 2 stocks, Gene ------=_NextPart_000_089A_01C23EF7.9377A050 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kris, the format is excellent and if it's good for you it's = great for=20 me!
 
Your question ... Are you going=20 to tell me how you found this = stock?
 
Yes, eventually.....
 
Someone earlier mentioned looking at the SOD (stocks of the = day) list on=20 investors.com
 
Although I didn't use SOD as my=20 source...
 
Guess what you'll see near the end of today's (8/6) SOD=20 list????
 

Top Earnings and Price Performance

The stocks listed are leading members of leading industry groups with = the=20 highest combined Earnings Per Share Ratings and Relative Price Strength Ratings  in our = database.=20 Stocks were also screened for an Industry Group Relative Strength Rating and = Accumulation/Distribution Rating of at least = "B-." All=20 stocks are within 20% of a 52-week high.

SIE Sierra Health Svcs Inc   80 98
 
Good luck on the other 2=20 stocks,
Gene

 


------=_NextPart_000_089A_01C23EF7.9377A050-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] XRAY Case Study Date: 08 Aug 2002 17:21:42 EDT --part1_64.2348e2b5.2a843ae6_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike and those looking at XRAY. Take a look at PDCO, a competitor. This company is free of debt and appears to be making a classic rounded bottom, although it may be several weeks shy of a cup/handle. Charley --part1_64.2348e2b5.2a843ae6_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike and those looking at XRAY.

Take a look at PDCO, a competitor. This company is free of debt and appears to be making a classic rounded bottom, although it may be several weeks shy of a cup/handle. Charley --part1_64.2348e2b5.2a843ae6_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] CCR - I offer this up for dissection Date: 08 Aug 2002 17:31:19 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0018_01C23F01.69CF36A0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0019_01C23F01.69CF36A0" ------=_NextPart_001_0019_01C23F01.69CF36A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageKelly: A few comments: 1. Chart pattern:=20 If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup = which is not ideal. 2. Handle is 2 days long (minimum desired is five days) on 03 and 05 = Aug. 3. Heavy volume in handle (again undesirable) 4. Breakout volume on 06 Aug was 166% of average daily =3D ok. 5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the = top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception = was the government sponsored agency FRE (Freddie Mac) at 31. 6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 = million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 = in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was = highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may = be a re-statement in the works as day of reckoning approaches for CEO = and CFO? CCR is believed to be a sub-prime lender. Does this mean difficulty as = the slow economy persists and consumers start to run out of cash? ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 4:50 PM Subject: [CANSLIM] CCR - I offer this up for dissection CCR - Countrywide Cr Inds Inc EPS growth could be better but are we more forgiving over the past 3 = qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in = itself is an accomplishment)? Appears to be coming out of CWH formation = (all though not as beautiful a formation as the Mona Lisa or anything = IBD would show us). Thoughts? IBD Ratings =20 Smart Select 99 =20 EPS Rating 94 =20 RPS 89 =20 Industry Group Rank A =20 S+P M+ROE A =20 A/D A+ =20 =20 =20 Technical Rating 98 =20 Fundamental Rating 96 =20 Attractiveness Rating 99 =20 Group's Technical Rating 79 =20 Group's Fundamental Rating 86 =20 =20 =20 =20 Rank within Industry Group =20 Industry Rank (08/08/02) 32 =20 =20 Overall 100 =20 Technical 100 =20 Fundamental 91 =20 Attriveness 100 =20 Top 5 Companies w/in Group =20 =20 CCR =20 =20 DORL =20 =20 NCEN =20 =20 NDE =20 =20 FRE =20 Group % Chg to Date 2% =20 Group % Chg Last 12 mths 4% =20 Group % Chg Last 4 weeks 4% =20 =20 =20 Performance =20 =20 Up/Down Vol 1.3 =20 3 Yr. EPS Growth 16% =20 3 Yr. Sales Growth 25% =20 EPS Growth (Quarterly) % Chg=20 Qtr -1 $0.64 5%=20 Qtr -2 $0.61 8%=20 Qtr -3 $0.56 5%=20 Qtr -4 $0.53 8%=20 Qtr -5 $0.49 0%=20 Qtr -6 $0.49 =20 =20 Revenue Growth =20 Qtr -1 293,159 3%=20 Qtr -2 285,799 1%=20 Qtr -3 283,199 1%=20 Qtr -4 281,332 3%=20 Qtr -5 272,860 0%=20 Qtr -6 272,489 =20 ------=_NextPart_001_0019_01C23F01.69CF36A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Kelly:
A few comments:
1. Chart pattern:
If cup-with handle (start 27 May, end 01 Aug) then = the shape=20 is V-Cup which is not ideal.
2. Handle is 2 days long (minimum desired is five = days) on 03=20 and 05 Aug.
3. Heavy volume in handle (again = undesirable)
4. Breakout volume on 06 Aug was 166% of average = daily =3D=20 ok.
5. Debt to equity ratio =3D 4.3 This may be a bit = high, as=20 others in the top five of the IBD group were at = 0.98, 0.18=20 and 0.83. The one exception was the government sponsored agency FRE = (Freddie=20 Mac) at 31.
6. Largest concern was roll off in revenue in Q2 of = 2002 to=20 $$998 million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, = $1234 in=20 Q2 of 2001 etc.  Surprisingly the eps reported in Q2 of 2002 was = highest at=20 $1.48 up from $1.32 in Q1 of 2002. Does this imply there may be a = re-statement=20 in the works as day of reckoning approaches for CEO and = CFO?
CCR is believed to be a sub-prime lender. Does this = mean=20 difficulty as the slow economy persists and consumers start to run out = of=20 cash?
----- Original Message -----
From:=20 Kelly Short
Sent: Thursday, August 08, 2002 = 4:50=20 PM
Subject: [CANSLIM] CCR - I = offer this up=20 for dissection

CCR=20 - Countrywide Cr Inds Inc
 
EPS=20 growth could be better but are we more forgiving over the past 3 qtrs = (after=20 all- CCR is positive EPS growth for past 3 qtrs which in itself is an=20 accomplishment)? Appears to be coming out of CWH formation (all though = not as=20 beautiful a formation as the Mona Lisa or anything IBD would show us). = Thoughts?
 
=
IBD Ratings
Smart Select 99
EPS Rating 94
RPS 89
Industry Group Rank A
S+P M+ROE A
A/D A+
Technical Rating 98
Fundamental Rating 96
Attractiveness = Rating 99
Group's Technical = Rating 79
Group's Fundamental = Rating 86
Rank within Industry Group
Industry Rank = (08/08/02) 32
Overall 100
Technical 100
Fundamental 91
Attriveness 100
Top 5 Companies w/in = Group
=20
 
 CCR
=20
 
 DORL
=20
 
 NCEN
=20
 
 NDE
=20
 
 FRE
Group % Chg = to Date 2%
Group % Chg = Last 12=20 mths 4%
Group % Chg = Last 4=20 weeks 4%
Performance
Up/Down Vol 1.3
3 Yr. EPS Growth 16%
3 Yr. Sales Growth 25%
EPS Growth = (Quarterly) % Chg
Qtr -1 $0.64 5%
Qtr -2 $0.61 8%
Qtr -3 $0.56 5%
Qtr -4 $0.53 8%
Qtr -5 $0.49 0%
Qtr -6 $0.49
Revenue Growth
Qtr -1 293,159 3%
Qtr -2 285,799 1%
Qtr -3 283,199 1%
Qtr -4 281,332 3%
Qtr -5 272,860 0%
Qtr -6 272,489
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Robert:
Can you please tell me,  declined from = _______  to=20 _________?
----- Original Message -----
From:=20 RWElmer@aol.com=20
Sent: Thursday, August 08, 2002 = 4:55=20 PM
Subject: Re: [CANSLIM] Current = Case Study=20 - XRAY

Anybody = else concerned=20 about the latest qtr's operating cash flow on XRAY? It declined = substantially=20 from prior quarters, according to MSN.

Robert W. Elmer=20
------=_NextPart_000_003F_01C23F04.437A41E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] Stock Screening Date: 08 Aug 2002 18:08:07 EDT --part1_71.23a259ab.2a8445c7_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Friends: If you are a subscriber to DGO, without the Custom Screen option, and do not know how to sort the Friday close Daily Graph Company Index, respond to this memo and I will send you instructions off line. I cannot share the DGO data, but I can tell you how to get it organized if you are a subscriber. Charley --part1_71.23a259ab.2a8445c7_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Friends: If you are a subscriber to DGO, without the Custom Screen option, and do not know how to sort the Friday close Daily Graph Company Index, respond to this memo and I will send you instructions off line. I cannot share the DGO data, but I can tell you how to get it organized if you are a subscriber.
Charley --part1_71.23a259ab.2a8445c7_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mike Gibbons Subject: Re: [CANSLIM] XRAY Case Study Date: 08 Aug 2002 12:22:13 -1000 Thanks Charley, The Canslim Evaluator didn't rate it quite as highly as XRAY but it certainly looks promising. The up/down ratio is at evens though and seems to be turning up - if that starts to pick up then maybe it will be a sign that institutions are increasing their positions. Lets see if the base continues to improve. On Thu, 2002-08-08 at 11:21, Chazmoore@aol.com wrote: > Mike and those looking at XRAY. > > Take a look at PDCO, a competitor. This company is free of debt and appears > to be making a classic rounded bottom, although it may be several weeks shy > of a cup/handle. Charley -- Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] XRAY Case Study Date: 08 Aug 2002 16:16:56 -0700 (PDT) Mike, note the difference in the A/D. X-ray with an A and PDCO with a C rating. Jack --- Mike Gibbons wrote: > Thanks Charley, > > The Canslim Evaluator didn't rate it quite as highly > as XRAY but it > certainly looks promising. The up/down ratio is at > evens though and > seems to be turning up - if that starts to pick up > then maybe it will be > a sign that institutions are increasing their > positions. Lets see if the > base continues to improve. > > On Thu, 2002-08-08 at 11:21, Chazmoore@aol.com > wrote: > > Mike and those looking at XRAY. > > > > Take a look at PDCO, a competitor. This company is > free of debt and appears > > to be making a classic rounded bottom, although it > may be several weeks shy > > of a cup/handle. Charley > -- > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 19:17:11 EDT --part1_9c.241f71ed.2a8455f7_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Winston, Sorry about that. Declined from 211.1 million to 12.4 million. Should've posted this link too: http://moneycentral.msn.com/investor/invsub/results/statemnt.asp?lstStatement= CashFlow&Symbol=xray&stmtView=Qtr Robert W. Elmer --part1_9c.241f71ed.2a8455f7_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Winston,

Sorry about that. Declined from 211.1 million   to 12.4 million. Should've posted this link too:

http://moneycentral.msn.com/investor/invsub/results/statemnt.asp?lstStatement=CashFlow&Symbol=xray&stmtView=Qtr


Robert W. Elmer

--part1_9c.241f71ed.2a8455f7_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] XRAY Case Study Date: 08 Aug 2002 19:57:37 EDT --part1_1a1.6a0f814.2a845f71_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Jack: Hope you don't mind if I respond to your comment to Mike. If you are looking at the PDCO chart notice how the volume has decreased since the price hit the low of $41.60. To me, this means the selling pressure was lowering as we move from the low point and start up the right side. Then, over the last three days volume is increasing and the price is staring to rise. This is promising, but does not necessarily mean the stock will go on to form a c/h. The C+ A/D rating reflects the sell off over the past 13 weeks. If the upward pressure continues over the next 4 or 5 weeks, the A/D rating will improve. If I may, this points out several screening lessons. 1. From XRAY, which is probably a faulty c/h, we found PDCO by checking out the competitors. 2. PDCO is now making the classic signs of putting in a bottom and beginning the climb up the right side. 3. If a screen had been set to pick up only stocks with an A/D rating of A or B, PDCO would have been passed over. Charley --part1_1a1.6a0f814.2a845f71_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Jack: Hope you don't mind if I respond to your comment to Mike.
If you are looking at the PDCO chart notice how the volume has decreased since the price hit the low of $41.60. To me, this means the selling pressure was lowering as we move from the low point and start up the right side. Then, over the last three days volume is increasing and the price is staring to rise. This is promising, but does not necessarily mean the stock will go on to form a c/h. The C+ A/D rating reflects the sell off over the past 13 weeks. If the upward pressure continues over the next 4 or 5 weeks, the A/D rating will improve.

If I may, this points out several screening lessons.
1. From XRAY, which is probably a faulty c/h, we found PDCO by checking out the competitors.
2. PDCO is now making the classic signs of putting in a bottom and beginning the climb up the right side.
3. If a screen had been set to pick up only stocks with an A/D rating of A or B, PDCO would have been passed over.

Charley --part1_1a1.6a0f814.2a845f71_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) Date: 08 Aug 2002 19:00:09 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_09F2_01C23F0D.D13C4D30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Harvey, One more thing that I meant to include last night might help...that is, I always like to get perspective on something like this. See the attached graphic showing CHTT's D/E over time... (available at http://moneycentral.msn.com/investor/invsub/results/compare.asp?Page=Financi alCondition&Symbol=CHTT ) Katherine ----- Original Message ----- Sent: Thursday, August 08, 2002 3:20 PM > Thanks Katherine, I now feel a little better about the debt but it is a bit > scary. Normally, I'd expect buybacks when the debt is down and there's a lot of > cash lying around, but I guess it makes sense to go into debt to buyback shares > if (1) the stock price is considered way undervalued and (2) the cost of > financing (interest rate) the buyback is exceptionally low. > > I calculated from the 10Q that the buybacks over FY99 thru Feb02 were made at an > average share value of $12.83 or 38% of the current price so they've made a > hefty return on their investment.. Sounds like they're managing their debt and > I guess we just have to "have faith." -Harvey > > Katherine Malm wrote: > > > Hi Harvey, > > > > The high Long Term Debt to Equity comes from 2 sources: an aggressive stock > > buyback program (reducing equity) and a strategy of financing acquisitions > > via debt (increasing debt). The latest deal, for example, was a purchase of > > SelsunBlue from Abbott Labs for about $75m, financed with $45m in > > borrowings. The company seems to be fairly aggressive about using leverage > > where possible, and that is not surprising given the mature products that > > they take under wing in their portfolio reshaping program. They are also > > fairly aggressive about managing their debt facilities, most likely to take > > advantage of lower interest rates where possible. For example, they sold > > Ban in early 2001, then used the proceeds to retire $52m in senior debt. > > It's not all that uncommon for companies to rejigger their debt to equity > > ratios given their chosen business strategies. Interestingly, in June of > > this year, they announced a proposed primary offering of 1.8m shares, but > > withdrew the offering, citing "adverse market conditions." While a D/E of > > nearly 400% sounds scary, the more important thing to look for is their cash > > flow and ability to cover interest payments. If financing acquisitions > > through debt also allows them to build a broad product offering and increase > > net income as a result, then the interest paid becomes an investment, so to > > speak. If they do a lousy job of executing their strategies (sell non > > performing brands, acquire others, extend existing lines), then the interest > > will kill them. So far, so good. > > > > Beyond the D/E issue...CHTT was just an example thrown out in the > > discussion on "consumer stocks." Just as in the discussion of P&G earlier > > today, the "N" can come from many sources. Sometimes it's something as > > simple as leveraging a brand properly, as P&G has done with the Crest > > spinbrush and Crest Whitening Strips (by the way, about $50 for the box, > > premium pricing, but still a fraction of what it would cost to have it done > > with a special light activated process like Brite Smile's (BSML), or done > > "professionally" by a dentist.). > > > > Katherine > > > > PS > > Here are some quotes form CHTT's 10Q, which you can see in full at > > http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000931763-02-0 > > 02300 > > > > "We have historically financed our operations and acquisitions with a > > combination of internally generated funds and borrowings. Our principal uses > > of cash are working capital, servicing and repayments of long-term debt, > > acquisitions, repurchases of our common stock and capital expenditures." > > > > "In fiscal 1999, our board of directors authorized repurchases of our common > > stock of up to $10.0 million in the aggregate. In April 2000, our board of > > directors authorized repurchases of up to an additional $10.0 million of our > > common stock. Under these authorizations, 172,500 shares at a cost of $3.9 > > million were repurchased in fiscal 1999 876,500 shares at a cost of $9.5 > > million were repurchased in fiscal 2000 and 14,000 shares at a cost of $0.2 > > million were repurchased in fiscal 2001. In February 2002, we repurchased, > > and returned to unissued, 44,000 shares for $0.6 million. As of May 31, > > 2002, the remaining amount authorized by our board of directors under our > > stock buyback plan was $5.8 million; however, we are limited in our ability > > to repurchase shares due to restrictions under the terms of the indenture > > for our 8.875% notes and our senior credit facility. > > > > We believe that cash provided by operating activities, our cash and cash > > equivalents balance, the net proceeds that we receive from our currently > > pending offering of common stock after debt repayment and funds available > > under the revolver of our senior credit facility will be sufficient to fund > > our capital expenditures, debt service and working capital requirements for > > the foreseeable future as our business is currently conducted. Any > > acquisitions that we make in the future may require us to obtain additional > > financing." > > > > ----- Original Message ----- > > From: "Harvey Brion" > > To: > > Sent: Wednesday, August 07, 2002 1:13 PM > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > These look interesting Katherine. It's hard to get excited about > > > cosmetics and weight loss products but with the high GRS rating, they've > > > obviously been doing well. I see they all have strong EPS estimates for > > > this FY. CHTT looks the strongest in cash flow and ROE and I favor > > > smaller companies anyway so I'd lean toward this one. The chart is > > > pretty wide and lose, so not classic CANSLIM. Do you have any idea what > > > their 389% debt to equity ratio is all about? -Harvey > > > > > > Katherine Malm wrote: > > > > > > > Here's another view of "consumer" stocks--take a look at stocks like > > > > NBTY, WTW, CHTT, all of which have pros/cons, but nonetheless > > > > something unexpected. Who would've thought that HD might've done so > > > > well simply by consolidating a fragmented industry and redefining > > > > "home improvement"? Sometimes it's the unexpected which does the best > > > > while everybody else is looking to the obvious. Katherine > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 08 Aug 2002 17:15:39 -0700 (PDT) Charley, thanks for the comments replying to my A/D comment to Mike Gibbons. I, in error, deleted your reply. Would you be kind enough to resend it? or... perhaps someone else if Charley doesn't have a copy of his reply. Many thanks, Jack --- Chazmoore@aol.com wrote: > Ann: You will probably get several responses to your > question but let me give > it a try. > > The left side of the cup forms when the upward price > pressure hits a point of > resistance; that is to say the sellers begin to out > number the buyers. The > stock price falls, and may continue to fall, or move > sideways, for many > months. At some point the buyers once again find the > stock price attractive > and begin buying. Volume increases as the price > rises. As the price increases > it crosses an important mid point that is half the > distance between the left > side lip and the current low. (If the price does not > cross the mid point you > cannot have a c/h formation.) As the price > approaches the height of the left > side lip, it will once again hit a level of > resistance and begin to fall. The > sellers once again outnumber the buyers. This time > however the volume is low > and begins to dry up. This tells us that the sellers > are just about finished > but the buyers are lurking in the background waiting > to pounce. On the chart > this appears as a downward turning line we call the > handle. After a week or > two the buyers begin to come back in and the price > heads north. Now we see a > strong increase in volume and we wait for our buy > signal. When the price > exceeds the lip formed by the right side of the cup > by .10, it is safe to > buy. It continues to be a safe buy until the price > exceeds this pivot point > by 5%. > > I hope this helps. Be sure to refer to the new tool > Mike has made available > to us since it clearly describes each part of the > cup/handle on the diagram. > Charley > ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 19:31:47 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0A32_01C23F12.3C777C60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Robert, Small detail to attend to on the numbers cited , that is, the numbers in = the MSN summary are not each individual quarter, but instead, cumulative = for the fiscal year. Accordingly, the 12/01 number is for the entire = year, while the 3/02 number is for the 1st quarter of the new fiscal = year. See the header information at the link: http://moneycentral.msn.com/investor/invsub/results/statemnt.asp?lstState= ment=3DCashFlow&Symbol=3DXRAY&stmtView=3DQtr With respect to QoQ numbers (3/01 vs 3/02), here is the detail from the = latest 10Q: "Quarter Ended March 31, 2002 For the three months ended March 31, 2002, cash flows from operating activities were $12.4 million compared to $47.3 million for the three = months ended March 31, 2001. The decrease of $34.9 million results primarily = from higher inventory and receivables levels, payments of annual volume = rebates for precious metal purchases and some initial restructuring outflows, = offset by higher operating earnings. [KM note: the detail on each of these is = discussed in the 10Q] Investing activities for the three months ended March 31, 2002 include capital expenditures of $9.8 million. Net acquisition activity for the = three months ended March 31, 2002 was $37.6 million (see Note 4 to the = condensed consolidated financial statements)." Katherine ----- Original Message -----=20 From: RWElmer@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 6:17 PM Subject: Re: [CANSLIM] Current Case Study - XRAY Winston,=20 Sorry about that. Declined from 211.1 million to 12.4 million. = Should've posted this link too:=20 = http://moneycentral.msn.com/investor/invsub/results/statemnt.asp?lstState= ment=3DCashFlow&Symbol=3Dxray&stmtView=3DQtr=20 Robert W. Elmer=20 ------=_NextPart_000_0A32_01C23F12.3C777C60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Robert,
 
Small detail to attend to on the numbers cited , that is, the = numbers in=20 the MSN summary are not each individual quarter, but instead, cumulative = for the=20 fiscal year. Accordingly, the 12/01 number is for the entire year, while = the=20 3/02 number is for the 1st quarter of the new fiscal year. See the = header=20 information at the link:
 
http://mone= ycentral.msn.com/investor/invsub/results/statemnt.asp?lstStatement=3DCash= Flow&Symbol=3DXRAY&stmtView=3DQtr
 
With respect to QoQ numbers (3/01 vs 3/02), here is the detail = from=20 the latest 10Q:

"Quarter Ended March 31, = 2002

For the three months ended March 31, = 2002, cash=20 flows from operating

activities were $12.4 million compared = to $47.3=20 million for the three months

ended March 31, 2001. The=20 decrease of $34.9 million results primarily from

higher inventory = and receivables=20 levels, payments of annual volume rebates

for precious metal = purchases and=20 some initial restructuring outflows, offset

by higher operating = earnings. [KM=20 note: the detail on each of these is discussed in the = 10Q]

Investing activities for the three = months ended=20 March 31, 2002 include

capital expenditures of $9.8 million. = Net=20 acquisition activity for the three

months ended March 31, 2002 was $37.6 = million (see=20 Note 4 to the condensed

consolidated financial=20 statements)."

 
Katherine
----- Original Message -----
From:=20 RWElmer@aol.com=20
Sent: Thursday, August 08, 2002 = 6:17=20 PM
Subject: Re: [CANSLIM] Current = Case Study=20 - XRAY

Winston, =

Sorry=20 about that. Declined from 211.1 million   to 12.4=20 million. Should've posted this link too:

http://mone= ycentral.msn.com/investor/invsub/results/statemnt.asp?lstStatement=3DCash= Flow&Symbol=3Dxray&stmtView=3DQtr=20


Robert W. Elmer

------=_NextPart_000_0A32_01C23F12.3C777C60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] HTMMIS Oath Date: 08 Aug 2002 19:54:48 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0A5F_01C23F15.73AE6FB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageThanks for clearing that up Winston..... I appreciate and agree with your points on analyzing stocks in real = time, as the best discussions are always centered on these kinds of = posts. Katherine ----- Original Message -----=20 Sent: Thursday, August 08, 2002 12:41 PM Katherine: You are correct on the path of the discussion.=20 It has taken several twists, and turns.=20 The purpose of my note was not in reference to your weekly list. The cases studies presented in the O'Neil books and IBD Investors Corner = are compiled with the benefit of 100% of hindsight on what the correct = assessment and decisions should have been. As I read the notes with "requests for help", my understanding of them = is that people were asking for discussion of a current case where the = outcome is still unknown, and the requester could PARTICIPATE in the = discussion and track the outcome.=20 Discussion and analysis of current cases also may also be more = meaningful and interesting, as the tone and speed of the market moves = has changed from those presented in the books and IBD Investors Corner, = since there is no hindsight available.=20 At times some of the requests loosely used the term "lists of stocks" or = "list of potential candidates", which has lead to objections or = rejections.=20 My recollection of the posts were that some respondents interpreted the = requests as the requester asking for the analysis work to be done by = someone else.=20 My belief is that was not the goal of the people asking for the help. My intent was NOT to in any way imply that you were saying: "that I = was implying that I didn't want to "do the work for others". The purpose of this note and my previous ones were not to advocate the = keeping of any lists other than the ones that each person chose to = develop. Instead it was to try to allow anyone to identify a stock, give some = technical and fundamental information about it and then and only then = ASK a specific question on some aspect of the situation as it related to = CANSLIM, and then to PARTICIPATE in any resulting discussion. I hope that this clarifies the status, and again my intent was not to = offend you in any way, or to imply that you were unwilling to assist = anyone. ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 12:31 PM Subject: Re: [CANSLIM] HTMMIS Oath Winston, I'm a little confused now....maybe it's because the thread became so = convoluted. Are you saying that I was implying that I didn't want to "do = the work for others" when I said that I did not want to post a weekly = list? If so, that was never my intent. My original comment was simply = that *any* list is a "crutch" (including those generated by the IBD) = because it doesn't allow the user to find a personal path to creating = their own list of candidates. The problem is not with having a list, the = problem is with having *too many* lists and no means to sift through = them in a meaningful way.=20 For me personally, I knew that my mining methods were working well = when I was already stalking trades *before* the stocks were highlighted = in the IBD. The process of arriving at that particular mining method = gave me an expanded understanding and confidence in the CANSLIM = discipline. As Robert E stated so eloquently earlier today in his = oh-so-Zen post.....the trip is the destination. Katherine ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 10:57 AM Subject: Re: [CANSLIM] HTMMIS Oath Duke: We believe that Martha Stewart (not McCallum) will be available to = administer the oath for you. My perception from watching the correspondence on the subject is that = most if not all supplicants have read one or more of the books and were = seeking some forum for tracking a case while it was live. The O'Neil books and IBD are filled with after the fact case studies = and Monday morning quarterbacking.These are helpful, and the WebLink = feature has served to improve the status with cases more current. Unfortunately, I believe that several people have read the requests as = people asking for others to do the work for the requesters rather than = for help with more current cases.=20 ------=_NextPart_000_0A5F_01C23F15.73AE6FB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Thanks for clearing that up Winston.....
 
I appreciate and agree with your points on analyzing stocks in real = time,=20 as the best discussions are always centered on these kinds of = posts.
 
Katherine
 
----- Original Message -----=20
From: Winston=20 Little
Sent: Thursday, August 08, 2002 12:41 PM
Subject: Re: [CANSLIM] HTMMIS Oath

Katherine:
You are correct on the path of the discussion. =
It  has taken several twists, and=20 turns. 
The purpose of my note was not in reference to = your=20 weekly list.
 
The cases studies presented in the O'Neil books and = IBD=20 Investors Corner are compiled with the benefit of 100% of hindsight = on what=20 the correct assessment and decisions should have been.
As I read the notes with "requests for help", my = understanding=20 of them is that people were asking for discussion of a current case=20 where the outcome is still unknown, and the requester could = PARTICIPATE in=20 the discussion and track the outcome.
Discussion and analysis of current cases also = may also be=20 more meaningful and interesting, as the tone and speed of the market=20 moves has changed from those presented in the books and IBD = Investors=20 Corner, since there is no hindsight available. 
 
At times some of the requests loosely used the term = "lists of=20 stocks" or "list of potential  candidates", which has lead to=20 objections or rejections.
My recollection of the posts were that some=20 respondents interpreted the requests as the requester asking = for the=20 analysis work to be done by someone else.
My belief is that was not the goal of the people = asking for=20 the help.
 
My intent was NOT to in any way imply that you = were=20 saying:   "that I was implying that = I didn't=20 want to "do the work for others".
The purpose of this note and my previous ones were = not to=20 advocate the keeping of any lists other than the ones that each person = chose to=20 develop.
Instead it was to try to allow anyone to identify a = stock,=20 give some technical and fundamental information about it and then and = only then=20 ASK a specific question on some aspect of the situation as it related to = CANSLIM, and then to PARTICIPATE in any resulting  = discussion.
 
I hope that this clarifies the status, and again my = intent was=20 not to offend you in any way, or to imply that you were unwilling to = assist=20 anyone.
 
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, August 08, 2002 = 12:31=20 PM
Subject: Re: [CANSLIM] HTMMIS = Oath

Winston,
 
I'm a little confused now....maybe it's because the thread became = so=20 convoluted. Are you saying that I was implying that I didn't want to = "do the=20 work for others" when I said that I did not want to post a weekly = list? If so,=20 that was never my intent. My original comment was simply that *any* = list is a=20 "crutch" (including those generated by the IBD)  because it = doesn't allow=20 the user to find a personal path to creating their own list of = candidates. The=20 problem is not with having a list, the problem is with having *too = many* lists=20 and no means to sift through them in a meaningful way.
 
For me personally, I knew that my mining methods were working = well when I=20 was already stalking trades *before* the stocks were highlighted in = the IBD.=20 The process of arriving at that particular mining method gave me an = expanded=20 understanding and confidence in the CANSLIM discipline. As Robert E = stated so=20 eloquently earlier today in his oh-so-Zen post.....the trip is the=20 destination.
 
Katherine
----- Original Message -----=20
From: Winston=20 Little
Sent: Thursday, August 08, 2002 10:57 AM
Subject: Re: [CANSLIM] HTMMIS Oath

Duke:
 
We believe that Martha Stewart (not McCallum) will = be=20 available to administer the oath for you.
 
My perception from watching the correspondence on = the=20 subject is that most if not all supplicants have read one or more = of  the books and were seeking some forum for tracking = a case=20 while it was live.
 
The O'Neil books and IBD are filled with = after the fact=20 case studies and Monday morning quarterbacking.These are helpful, and = the=20 WebLink feature has served to improve the status with cases more=20 current.
Unfortunately, I believe that several people have = read the=20 requests as people asking for others to do the work for the = requesters=20 rather than for  help with more current=20 cases. 
------=_NextPart_000_0A5F_01C23F15.73AE6FB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 21:03:08 EDT --part1_19a.6a9c48b.2a846ecc_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello Katherine, Thanks for responding to this. Opportunity here to fill in some huge gaps in my education. Why wouldn't a drop in cash flow from qtr. to qtr. be important, even cumulatively? It would seem to me that you'd want to see a steady progression. If you have a reference that discusses this issue, I'd love to read it as this is an area I'm just starting to pay attention to. In the meantime ... on the surface increased inventories and receivables would not seem a good thing, but they did not seem to outpace earnings or revenue growth, so that seems OK. Agree? On a related issue, and I've been wanting to ask you this for a while, I have seen you say that one should look for cash flow to approximate earnings, to minimize the possibility that earnings are being manufactured through creative accounting. So, looking at this 12.4 million in operating cash flow, am I comparing it to the trailing 12 months earnings of 120.2 million or am I misunderstanding how you do this? I use MSN for a good deal of my DD, so it'd be helpful to me to use the numbers there for our discussion. I was not thrilled with their Help menu, however, and am therefore hoping you have some better sources of info that speak to the issues raised. I appreciate your time. Best Wishes, Robert W. Elmer --part1_19a.6a9c48b.2a846ecc_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello Katherine,

Thanks for responding to this. Opportunity here to fill in some huge gaps in my education. Why wouldn't a drop in cash flow from qtr. to qtr. be important, even cumulatively? It would seem to me that you'd want to see a steady progression. If you have a reference that discusses this issue, I'd love to read it as this is an area I'm just starting to pay attention to. In the meantime ... on the surface increased inventories and receivables would not seem a good thing, but they did not seem to outpace earnings or revenue growth, so that seems OK. Agree?

On a related issue, and I've been wanting to ask you this for a while, I have seen you say that one should look for cash flow to approximate earnings, to minimize the possibility that earnings are being manufactured through creative accounting. So, looking at this 12.4 million in operating cash flow, am I comparing it to the trailing 12 months earnings of 120.2 million or am I misunderstanding how you do this? I use MSN for a good deal of my DD, so it'd be helpful to me to use the numbers there for our discussion. I was not thrilled with their Help menu, however, and am therefore hoping you have some better sources of info that speak to the issues raised.  

I appreciate your time.

Best Wishes,

Robert W. Elmer
--part1_19a.6a9c48b.2a846ecc_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 21:19:46 -0400 --============_-1183266499==_============ Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable cr=E8me de la cr=E8me - would you please elaborate. > From: "Duke Miller" > To: > Date: Thu, 8 Aug 2002 16:25:32 -0400 > > e Mike: When it comes to submitting stocks for > consideration, this has got to be, beyond a doubt, the cr=E8me de la > cr=E8me! =20 > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike > Gibbons > Sent: Thursday, August 08, 2002 3:27 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Current Case Study - XRAY > > In view of the interest in current cases rather than 20-20 > hindsight, and discussions to aid the learning process, I offer > XRAY as an example, which broke out today from a CwH pattern with > short handle Firstly, let me add the disclaimer that I'm a > programmer who was introduced to CANSLIM as a development project, > and I'm 1 year into the 3 yr learning curve, so further comment > by the "experts" is welcomed to improve my own > understanding. Firstly the fundamentals which are very strong, > with the exception that Institutional Ownership is already quite > high. There are differing views on what the level should be, but > somewhere less than 30% would be better. Additional DD would be > required to determine why pre-tax profit margins are decreasing > and if that is cause for concern. (This information is drawn from > yahoo/multex not IBD) =20 > C Current Earnings > Earnings per share > growth of at least 25% in the most recent quarter > > > > Most recent quarter year on year growth. (Published > financial data). > > 35.00 % > Latest three quarters of sales > growth should be a minimum of 25% > Average > year on year growth for last 3 quarters. (Published > financial data). 51.00 % > Sales growth > should be accelerating. > Difference in year > on year growth rates over last 3 quarters. (Published > financial data). 23.00 A Strong > Annual Earnings Growth Annual earnings growth > for the last three years of 25% or greater 3 > year compound EPS growth rate. (Published financial > data). 53.00 % Return on equity should be > at least 17% Published financial data. > 21.00 % Pretax profit margins should > be increasing Profit Margin for most recent > quarter minus profit margin 1 year ago. (Published > financial data). -1.00 size=3D2>N > > New Products, Services or Leadership > If a > company has a dynamic new product or service, or is > capitalizing on new conditions in the economy, this can > have a dramatic impact on the price of a stock. Buy stocks just as > they emerge from a sound "base" pattern and make new price > highs. Not Known =20 > size=3D2>S Supply and Demand Watch the > demand for shares by looking at the percentage change in > volume for each of your stocks. Analyze a stock's daily and > weekly price and volume changes. The up/down volume > ratio measures the ratio of accumulation days to > distribution days over the last 50 days. > 0.90 L Leading Stocks in Leading Industry > Groups Nearly 50% of a stock's price action > is a result of its industry group's performance. Focus on > the top industry groups, and within those groups select > stocks with the best price performance. > Multex Industry Rank ( 0 - 99 ) > (26 week relative performance). > 90 > > Multex Rank within Industry ( 0 - 99 ). Provided for > informational purposes only. > (4 week relative performance) > > 22 > The stock's Relative Price Strength > Rating should be in the 80s or 90s > We > calculate RS daily by ranking all NYSE, AMEX and NASDAQ > stocks. Our RS algorithm is described here. It correlates > well with IBD's. Value. Score pro-rated in range > 60-79. 83 I Institutional > Sponsorship You want at least a few of the > better performing mutual funds owning the stock. They're > the ones who will drive the stock up on a sustained > basis. Institutional Ownership. Value in range 5 > - 30% needed to score 1. 79.00 > % No. of Institutions. Provided for > informational purposes only. 568 > size=3D2>M > Market Direction > You can > buy the best stocks, but if the general market is weak, > most likely your stocks will be weak also. > Because Market Direction is not specific to any one > particular stock, we do not evaluate it on a per stock > basis. Look at the chart below. Note that the handle > is only 3 days long. This is normally insufficient to have shaken > out the potential sellers and WON recommends that a handle should > be at least 1-2 weeks long, otherwise a breakout is prone to > failure. Also the volume in the handle has not dried up. This is > often the case in the early days of handle formation and we would > like to see the volume decrease below the ADV and the price wedge > downwards as the handle progresses. Look at the volume coming > up the right side of the cup - consistently above the 50 ADV > accompanied by big price positive price movements, with only two > days when the stock closed slightly down. It would have been > better if the volume had been below the ADV on those days, in > which case the stock would have earned a higher CQ (Chart > Quality) score. > > Note the RS line. This is quite high at 83, but has advanced > only slightly over the last few days despite significant price > gains in this stock. This indicates that other stocks are doing > at least as well. The 50 day up/down volume is at 0.90. > Values less than 1 mean that the down volume days exceed the up > volume days. However, the trend of the line is upwards, which is a > positive sign. I'll go out on a limb and say my guess > is that todays breakout will not be sustained (although its > holding now - just) and it will continue to form a > handle. I conclude that this is one to watch but not to > buy right now. Aloha, Mike Gibbons > Proactive Technologies, LLC http://www.proactech.com size=3D2>=20 --============_-1183266499==_============ Content-Type: image/gif; name="xray.gif_2.gif" ; x-mac-type="47494666" ; x-mac-creator="4A565752" Content-Disposition: attachment; filename="xray.gif_2.gif" Content-Transfer-Encoding: base64 R0lGODlhlgJUAtUAAAAAAO/v77+/v5mZZgB/fwAAv//AYAAzZlCAsP//mQBmmZnMzH9/ AP8AAL/Q7wAA/x8fHzMAZv/MZv/w72b//8zMzGZmZlCAvwDM/z8/PwBmzODg0DNm/wAA zLDP7zMzzP///2aZmVBQUH9/f5mZmTNmmQAAf3BwcP//75mZmd/f3//MmTMzZjMzMwAz mcyZZjNmzICAgLDP4P///wAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA ACH5BAUUADMALAAAAACWAlQCAAb/QIFwSCwaj8ikcslsOp/QqHRKrVqv2Kx2y+16v+Cw ePwFCEDotHrNbrvf8Lh8Tq/b7/i8fs/v+/+AgYKDhIWGh4iJgyNmIGSPkJGSk5SVlpeY mZqbnE2MZ52hoqOkpaanqKmqlJ+OAgSwsbKztLW2t7i5uru8vb6/wMHCw8TFxsfIycrL zM3Oz9DRxkKtQrMnMdna2tLd3t/g4eLj5OXm5+jp5NSN1rInbiQi6vT19vf4+fr7/OF1 AP9gBSTADtSrdyAmKFw4gcSEef0iSpxIsaLFixhtuVrCaKMSRgI9AYBV0NW1hBM0aFgo 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 21:20:57 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0A81_01C23F21.7CC681D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Robert, >>Why wouldn't a drop in cash flow from qtr. to qtr. be important, even = cumulatively?<< I want to first be sure we're talking apples and apples. The numbers as = reported on the MSN site are cumulative numbers from one quarter to the = next, so you have to impute the cashflow *per* quarter. See: http://WallStreet-LLC.com/canslim/XRAYCflo.jpg Cash flow from one quarter to the next (say March to June of the same = year) are going to vary according to the activity for that particular = quarter. In the same way that revenues & earnings may have seasonality, = the cashflow will also ebb and flow with business activity. That's why = you really want to look at cashflow over the entire fiscal year vs. the = previous year, or quarter over quarter (e.g., March 01 vs. March 02). >>on the surface increased inventories and receivables would not seem a = good thing, but they did not seem to outpace earnings or revenue growth, = so that seems OK. Agree?<< Absolutely. Increasing inventories could mean sluggish sales, = overproduction, poor inventory management practices, and more. Rising = receivables could mean they may be managing cash poorly, their customers = are having trouble paying, and more. I could go on and on, but I'll just = leave it by saying that this is definitely not a good thing and you'd = want to dig in and find out what is happening in the business that may = be causing it. For example, it may turn out to be the result of an = acquisition in which they have inherited some sludge. Excellent = execution after acquisition would clear this out. You can't find out the = details any other way than to skim the SEC filings and/or Annual = Reports. >>So, looking at this 12.4 million in operating cash flow, am I = comparing it to the trailing 12 months earnings of 120.2 million or am I = misunderstanding how you do this?<< Again, be careful you're comparing apples to apples. The 12.4 million is = total Q1 cashflow (3 months). The 120.4 million is *12* months total = earnings for the prior fiscal year. Best thing to do at any rate is to = look at cash flow *per share* and compare cash flow and earnings per = share for the same fiscal year. You can see cashflow and eps numbers for = the recent year on the DGO charts. However, with some things, I find the = old standard resources are the best. I still like to view an S&P report, = as it shows per share numbers one year to the next over a long period of = time. Most brokerages give you access to this or something similar at no = charge. See it at: http://WallStreet-LLC.com/canslim/XRAYCfloPerShare.jpg Katherine ----- Original Message -----=20 From: RWElmer@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 8:03 PM Subject: Re: [CANSLIM] Current Case Study - XRAY Hello Katherine,=20 Thanks for responding to this. Opportunity here to fill in some huge = gaps in my education. Why wouldn't a drop in cash flow from qtr. to qtr. = be important, even cumulatively? It would seem to me that you'd want to = see a steady progression. If you have a reference that discusses this = issue, I'd love to read it as this is an area I'm just starting to pay = attention to. In the meantime ... on the surface increased inventories = and receivables would not seem a good thing, but they did not seem to = outpace earnings or revenue growth, so that seems OK. Agree?=20 On a related issue, and I've been wanting to ask you this for a while, = I have seen you say that one should look for cash flow to approximate = earnings, to minimize the possibility that earnings are being = manufactured through creative accounting. So, looking at this 12.4 = million in operating cash flow, am I comparing it to the trailing 12 = months earnings of 120.2 million or am I misunderstanding how you do = this? I use MSN for a good deal of my DD, so it'd be helpful to me to = use the numbers there for our discussion. I was not thrilled with their = Help menu, however, and am therefore hoping you have some better sources = of info that speak to the issues raised. =20 I appreciate your time.=20 Best Wishes,=20 Robert W. Elmer=20 ------=_NextPart_000_0A81_01C23F21.7CC681D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Robert,
 
>>Why wouldn't a drop in cash = flow from qtr.=20 to qtr. be important, even cumulatively?<<
 
I want to first be sure we're talking apples and apples. The = numbers as=20 reported on the MSN site are cumulative numbers from one quarter to the = next, so=20 you have to impute the cashflow *per* quarter.
 
See: http://WallStreet= -LLC.com/canslim/XRAYCflo.jpg
 
Cash flow from one quarter to the next (say March to June of the = same year)=20 are going to vary according to the activity for that particular quarter. = In the=20 same way that revenues & earnings may have seasonality, the cashflow = will=20 also ebb and flow with business activity. That's why you really want to = look at=20 cashflow over the entire fiscal year vs. the previous year, or quarter = over=20 quarter (e.g., March 01 vs. March 02).
 
>>on the surface increased inventories and receivables would = not seem=20 a good thing, but they did not seem to outpace earnings or revenue = growth, so=20 that seems OK. Agree?<<
 
Absolutely. Increasing inventories could mean sluggish sales,=20 overproduction, poor inventory management practices, and more. Rising=20 receivables could mean they may be managing cash poorly, their customers = are=20 having trouble paying, and more. I could go on and on, but I'll just = leave it by=20 saying that this is definitely not a good thing and you'd want to dig in = and=20 find out what is happening in the business that may be causing it. For = example,=20 it may turn out to be the result of an acquisition in which they have = inherited=20 some sludge. Excellent execution after acquisition would clear this out. = You=20 can't find out the details any other way than to skim the SEC filings = and/or=20 Annual Reports.
 
>>So, looking at this 12.4 million in operating cash flow, am = I=20 comparing it to the trailing 12 months earnings of 120.2 million or am I = misunderstanding how you do this?<<
 
Again, be careful you're comparing apples to apples. The 12.4 = million is=20 total Q1 cashflow (3 months). The 120.4 million is *12* months total = earnings=20 for the prior fiscal year. Best thing to do at any rate is to = look at=20 cash flow *per share* and compare cash flow and earnings per = share for=20 the same fiscal year. You can see cashflow and eps numbers for the = recent year=20 on the DGO charts. However, with some things, I find the old standard = resources=20 are the best. I still like to view an S&P report, as it shows = per share=20 numbers one year to the next over a long period of time. Most brokerages = give=20 you access to this or something similar at no charge.
 
See it at:  http://Wa= llStreet-LLC.com/canslim/XRAYCfloPerShare.jpg
 
Katherine
----- Original Message -----
From:=20 RWElmer@aol.com=20
Sent: Thursday, August 08, 2002 = 8:03=20 PM
Subject: Re: [CANSLIM] Current = Case Study=20 - XRAY

Hello = Katherine,=20

Thanks for responding to this. Opportunity here to fill in = some huge=20 gaps in my education. Why wouldn't a drop in cash flow from qtr. to = qtr. be=20 important, even cumulatively? It would seem to me that you'd want to = see a=20 steady progression. If you have a reference that discusses this issue, = I'd=20 love to read it as this is an area I'm just starting to pay attention = to. In=20 the meantime ... on the surface increased inventories and receivables = would=20 not seem a good thing, but they did not seem to outpace earnings or = revenue=20 growth, so that seems OK. Agree?

On a related issue, and I've = been=20 wanting to ask you this for a while, I have seen you say that one = should look=20 for cash flow to approximate earnings, to minimize the possibility = that=20 earnings are being manufactured through creative accounting. So, = looking at=20 this 12.4 million in operating cash flow, am I comparing it to the = trailing 12=20 months earnings of 120.2 million or am I misunderstanding how you do = this? I=20 use MSN for a good deal of my DD, so it'd be helpful to me to use the = numbers=20 there for our discussion. I was not thrilled with their Help menu, = however,=20 and am therefore hoping you have some better sources of info that = speak to the=20 issues raised.  

I appreciate your time.

Best = Wishes,=20

Robert W. Elmer =
------=_NextPart_000_0A81_01C23F21.7CC681D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 22:38:15 EDT --part1_e5.1c0aa853.2a848517_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, Wow! Thanks for the links and explanations. That'll really help clarify things in my mind. I don't have access to DGO but do get S&P reports from my Broker's site. Another piece to the puzzle ... Best, Robert W. Elmer --part1_e5.1c0aa853.2a848517_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine,

Wow! Thanks for the links and explanations. That'll really help clarify things in my mind. I don't have access to DGO but do get S&P reports from my Broker's site. Another piece to the puzzle ...

Best,

Robert W. Elmer
--part1_e5.1c0aa853.2a848517_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 23:07:35 -0400 Hermann: 1. Something superlative. 2. People of the highest social level. [French : cr=E8me, cream + de, of + la, the + cr=E8me, cream.] -------- -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl Sent: Thursday, August 08, 2002 9:20 PM cr=E8me de la cr=E8me - would you please elaborate. > From: "Duke Miller" > To: > Date: Thu, 8 Aug 2002 16:25:32 -0400 > > e Mike: When it comes to submitting stocks for > consideration, this has got to be, beyond a doubt, the cr=E8me de la > cr=E8me! =20 > > -----Original Message----- > From: owner-canslim@lists.xmission.com=20 > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons > Sent: Thursday, August 08, 2002 3:27 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Current Case Study - XRAY > > In view of the interest in current cases rather than 20-20 > hindsight, and discussions to aid the learning process, I offer > XRAY as an example, which broke out today from a CwH pattern with > short handle Firstly, let me add the disclaimer that I'm a > programmer who was introduced to CANSLIM as a development project, > and I'm 1 year into the 3 yr learning curve, so further comment > by the "experts" is welcomed to improve my own > understanding. Firstly the fundamentals which are very strong, > with the exception that Institutional Ownership is already quite > high. There are differing views on what the level should be, but > somewhere less than 30% would be better. Additional DD would be > required to determine why pre-tax profit margins are decreasing > and if that is cause for concern. (This information is drawn from > yahoo/multex not IBD) =20 > C Current Earnings > Earnings per share > growth of at least 25% in the most recent quarter > > > > Most recent quarter year on year growth. (Published > financial data). > > 35.00 % > Latest three quarters of sales > growth should be a minimum of 25% > Average > year on year growth for last 3 quarters. (Published > financial data). 51.00 % > Sales growth > should be accelerating. > Difference in year > on year growth rates over last 3 quarters. (Published > financial data). 23.00 A Strong > Annual Earnings Growth Annual earnings growth > for the last three years of 25% or greater 3 > year compound EPS growth rate. (Published financial > data). 53.00 % Return on equity should be > at least 17% Published financial data. > 21.00 % Pretax profit margins should > be increasing Profit Margin for most recent > quarter minus profit margin 1 year ago. (Published > financial data). -1.00 size=3D2>N > > New Products, Services or Leadership > If a > company has a dynamic new product or service, or is > capitalizing on new conditions in the economy, this can > have a dramatic impact on the price of a stock. Buy stocks just as > they emerge from a sound "base" pattern and make new price > highs. Not Known =20 > size=3D2>S Supply and Demand Watch the > demand for shares by looking at the percentage change in > volume for each of your stocks. Analyze a stock's daily and > weekly price and volume changes. The up/down volume > ratio measures the ratio of accumulation days to > distribution days over the last 50 days. > 0.90 L Leading Stocks in Leading Industry > Groups Nearly 50% of a stock's price action > is a result of its industry group's performance. Focus on > the top industry groups, and within those groups select > stocks with the best price performance. > Multex Industry Rank ( 0 - 99 ) > (26 week relative performance). > 90 > > Multex Rank within Industry ( 0 - 99 ). Provided for > informational purposes only. > (4 week relative performance) > > 22 > The stock's Relative Price Strength > Rating should be in the 80s or 90s > We > calculate RS daily by ranking all NYSE, AMEX and NASDAQ > stocks. Our RS algorithm is described here. It correlates > well with IBD's. Value. Score pro-rated in range > 60-79. 83 I Institutional > Sponsorship You want at least a few of the > better performing mutual funds owning the stock. They're > the ones who will drive the stock up on a sustained > basis. Institutional Ownership. Value in range 5 > - 30% needed to score 1. 79.00 > % No. of Institutions. Provided for > informational purposes only. 568 > size=3D2>M > Market Direction > You can > buy the best stocks, but if the general market is weak, > most likely your stocks will be weak also. > Because Market Direction is not specific to any one > particular stock, we do not evaluate it on a per stock > basis. Look at the chart below. Note that the handle > is only 3 days long. This is normally insufficient to have shaken > out the potential sellers and WON recommends that a handle should > be at least 1-2 weeks long, otherwise a breakout is prone to > failure. Also the volume in the handle has not dried up. This is > often the case in the early days of handle formation and we would > like to see the volume decrease below the ADV and the price wedge > downwards as the handle progresses. Look at the volume coming > up the right side of the cup - consistently above the 50 ADV > accompanied by big price positive price movements, with only two > days when the stock closed slightly down. It would have been > better if the volume had been below the ADV on those days, in > which case the stock would have earned a higher CQ (Chart > Quality) score. > > Note the RS line. This is quite high at 83, but has advanced > only slightly over the last few days despite significant price > gains in this stock. This indicates that other stocks are doing > at least as well. The 50 day up/down volume is at 0.90. > Values less than 1 mean that the down volume days exceed the up volume > days. However, the trend of the line is upwards, which is a > positive sign. I'll go out on a limb and say my guess > is that todays breakout will not be sustained (although its > holding now - just) and it will continue to form a > handle. I conclude that this is one to watch but not to > buy right now. Aloha, Mike Gibbons > Proactive Technologies, LLC http://www.proactech.com size=3D2>=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mike Gibbons Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 08 Aug 2002 17:23:49 -1000 Duke, Alors! Tu parle CANSLIM et Francaise aussi? Tu est vraiment quelque chose. A bientot..... On Thu, 2002-08-08 at 17:07, Duke Miller wrote: > Hermann: >=20 > 1. Something superlative. > 2. People of the highest social level. >=20 > [French : cr=E8me, cream + de, of + la, the + cr=E8me, cream.] >=20 >=20 > ------------------------------------------------------------------------ > -------- >=20 > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl > Sent: Thursday, August 08, 2002 9:20 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Current Case Study - XRAY >=20 >=20 > cr=E8me de la cr=E8me - would you please elaborate. >=20 >=20 >=20 > > From: "Duke Miller" > > To: > > Date: Thu, 8 Aug 2002 16:25:32 -0400 > > > > e Mike: When it comes to submitting stocks for > > consideration, this has got to be, beyond a doubt, the cr=E8me de la > > cr=E8me! =20 > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com=20 > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons > > Sent: Thursday, August 08, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Current Case Study - XRAY > > > > In view of the interest in current cases rather than 20-20 > > hindsight, and discussions to aid the learning process, I offer > > XRAY as an example, which broke out today from a CwH pattern with > > short handle Firstly, let me add the disclaimer that I'm a > > programmer who was introduced to CANSLIM as a development project, > > and I'm 1 year into the 3 yr learning curve, so further comment > > by the "experts" is welcomed to improve my own > > understanding. Firstly the fundamentals which are very strong, > > with the exception that Institutional Ownership is already quite > > high. There are differing views on what the level should be, but > > somewhere less than 30% would be better. Additional DD would be > > required to determine why pre-tax profit margins are decreasing > > and if that is cause for concern. (This information is drawn from > > yahoo/multex not IBD) =20 > > C Current Earnings > Earnings per share > > growth of at least 25% in the most recent quarter > > > > > > > Most recent quarter year on year growth. (Published > > financial data). > > > > 35.00 % > Latest three quarters of sales > > growth should be a minimum of 25% > Average > > year on year growth for last 3 quarters. (Published > > financial data). 51.00 % > Sales growth > > should be accelerating. > Difference in year > > on year growth rates over last 3 quarters. (Published > > financial data). 23.00 A Strong > > Annual Earnings Growth Annual earnings growth > > for the last three years of 25% or greater 3 > > year compound EPS growth rate. (Published financial > > data). 53.00 % Return on equity should be > > at least 17% Published financial data. > > 21.00 % Pretax profit margins should > > be increasing Profit Margin for most recent > > quarter minus profit margin 1 year ago. (Published > > financial data). -1.00 size=3D2>N > > > New Products, Services or Leadership > If a > > company has a dynamic new product or service, or is > > capitalizing on new conditions in the economy, this can > > have a dramatic impact on the price of a stock. Buy stocks just as > > they emerge from a sound "base" pattern and make new price > > highs. Not Known =20 > > size=3D2>S Supply and Demand Watch the > > demand for shares by looking at the percentage change in > > volume for each of your stocks. Analyze a stock's daily and > > weekly price and volume changes. The up/down volume > > ratio measures the ratio of accumulation days to > > distribution days over the last 50 days. > > 0.90 L Leading Stocks in Leading Industry > > Groups Nearly 50% of a stock's price action > > is a result of its industry group's performance. Focus on > > the top industry groups, and within those groups select > > stocks with the best price performance. > > Multex Industry Rank ( 0 - 99 ) > > (26 week relative performance). > > 90 > > > > Multex Rank within Industry ( 0 - 99 ). Provided for > > informational purposes only. > > (4 week relative performance) > > > > 22 > The stock's Relative Price Strength > > Rating should be in the 80s or 90s > We > > calculate RS daily by ranking all NYSE, AMEX and NASDAQ > > stocks. Our RS algorithm is described here. It correlates > > well with IBD's. Value. Score pro-rated in range > > 60-79. 83 I Institutional > > Sponsorship You want at least a few of the > > better performing mutual funds owning the stock. They're > > the ones who will drive the stock up on a sustained > > basis. Institutional Ownership. Value in range 5 > > - 30% needed to score 1. 79.00 > > % No. of Institutions. Provided for > > informational purposes only. 568 > > size=3D2>M > Market Direction > You can > > buy the best stocks, but if the general market is weak, > > most likely your stocks will be weak also. > > Because Market Direction is not specific to any one > > particular stock, we do not evaluate it on a per stock > > basis. Look at the chart below. Note that the handle > > is only 3 days long. This is normally insufficient to have shaken > > out the potential sellers and WON recommends that a handle should > > be at least 1-2 weeks long, otherwise a breakout is prone to > > failure. Also the volume in the handle has not dried up. This is > > often the case in the early days of handle formation and we would > > like to see the volume decrease below the ADV and the price wedge > > downwards as the handle progresses. Look at the volume coming > > up the right side of the cup - consistently above the 50 ADV > > accompanied by big price positive price movements, with only two > > days when the stock closed slightly down. It would have been > > better if the volume had been below the ADV on those days, in > > which case the stock would have earned a higher CQ (Chart > > Quality) score. > > > > Note the RS line. This is quite high at 83, but has advanced > > only slightly over the last few days despite significant price > > gains in this stock. This indicates that other stocks are doing > > at least as well. The 50 day up/down volume is at 0.90. > > Values less than 1 mean that the down volume days exceed the up volume >=20 > > days. However, the trend of the line is upwards, which is a > > positive sign. I'll go out on a limb and say my guess > > is that todays breakout will not be sustained (although its > > holding now - just) and it will continue to form a > > handle. I conclude that this is one to watch but not to > > buy right now. Aloha, Mike Gibbons > > Proactive Technologies, LLC http://www.proactech.com size=3D2>=20 >=20 >=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. --=20 Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KLall1112@aol.com Subject: Re: [CANSLIM] Stock Screening Date: 09 Aug 2002 00:05:13 EDT Hi Charley: Please send me the instructions. klall1112@aol.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Stock Screening Date: 08 Aug 2002 23:22:20 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0A2B_01C23F32.71965EF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charley, they can go directly to DGO and the section entitled "Reports = Tips & Tricks" http://www.dailygraphs.com/dgTranscripts/TipsTricks.htm Gene ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 5:08 PM Subject: [CANSLIM] Stock Screening Friends: If you are a subscriber to DGO, without the Custom Screen = option, and do not know how to sort the Friday close Daily Graph Company = Index, respond to this memo and I will send you instructions off line. I = cannot share the DGO data, but I can tell you how to get it organized if = you are a subscriber.=20 Charley ------=_NextPart_000_0A2B_01C23F32.71965EF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charley, they can go directly to DGO=20 and the section entitled "Reports Tips & Tricks"
 
http://w= ww.dailygraphs.com/dgTranscripts/TipsTricks.htm
 
Gene
 
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 08, 2002 = 5:08=20 PM
Subject: [CANSLIM] Stock = Screening

Friends: If = you are a=20 subscriber to DGO, without the Custom Screen option, and do not know = how to=20 sort the Friday close Daily Graph Company Index, respond to this memo = and I=20 will send you instructions off line. I cannot share the DGO data, but = I can=20 tell you how to get it organized if you are a subscriber. =
Charley=20 ------=_NextPart_000_0A2B_01C23F32.71965EF0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) Date: 08 Aug 2002 22:08:02 -0700 Katherine, The graphic certainly gives one a warm fuzzy that they're managing debt. From 30:1 to 3.92:1 over 6 years is definitely in the right direction. Just goes to show you that you need to dig a lot deeper than DGO. I need to get more familiar with the moneycentral.msn site. (I found the 10 year summary in table form, but did you generate the graphic yourself?) Thanks again. -Harvey Katherine Malm wrote: > Hi Harvey, > > One more thing that I meant to include last night might help...that is, I > always like to get perspective on something like this. See the attached > graphic showing CHTT's D/E over time... (available at > http://moneycentral.msn.com/investor/invsub/results/compare.asp?Page=Financi > alCondition&Symbol=CHTT ) > > Katherine > > ----- Original Message ----- > From: "Harvey Brion" > To: > Sent: Thursday, August 08, 2002 3:20 PM > Subject: Re: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) > > > Thanks Katherine, I now feel a little better about the debt but it is a > bit > > scary. Normally, I'd expect buybacks when the debt is down and there's a > lot of > > cash lying around, but I guess it makes sense to go into debt to buyback > shares > > if (1) the stock price is considered way undervalued and (2) the cost of > > financing (interest rate) the buyback is exceptionally low. > > > > I calculated from the 10Q that the buybacks over FY99 thru Feb02 were made > at an > > average share value of $12.83 or 38% of the current price so they've made > a > > hefty return on their investment.. Sounds like they're managing their > debt and > > I guess we just have to "have faith." -Harvey > > > > Katherine Malm wrote: > > > > > Hi Harvey, > > > > > > The high Long Term Debt to Equity comes from 2 sources: an aggressive > stock > > > buyback program (reducing equity) and a strategy of financing > acquisitions > > > via debt (increasing debt). The latest deal, for example, was a purchase > of > > > SelsunBlue from Abbott Labs for about $75m, financed with $45m in > > > borrowings. The company seems to be fairly aggressive about using > leverage > > > where possible, and that is not surprising given the mature products > that > > > they take under wing in their portfolio reshaping program. They are also > > > fairly aggressive about managing their debt facilities, most likely to > take > > > advantage of lower interest rates where possible. For example, they > sold > > > Ban in early 2001, then used the proceeds to retire $52m in senior debt. > > > It's not all that uncommon for companies to rejigger their debt to > equity > > > ratios given their chosen business strategies. Interestingly, in June of > > > this year, they announced a proposed primary offering of 1.8m shares, > but > > > withdrew the offering, citing "adverse market conditions." While a D/E > of > > > nearly 400% sounds scary, the more important thing to look for is their > cash > > > flow and ability to cover interest payments. If financing acquisitions > > > through debt also allows them to build a broad product offering and > increase > > > net income as a result, then the interest paid becomes an investment, so > to > > > speak. If they do a lousy job of executing their strategies (sell non > > > performing brands, acquire others, extend existing lines), then the > interest > > > will kill them. So far, so good. > > > > > > Beyond the D/E issue...CHTT was just an example thrown out in the > > > discussion on "consumer stocks." Just as in the discussion of P&G > earlier > > > today, the "N" can come from many sources. Sometimes it's something as > > > simple as leveraging a brand properly, as P&G has done with the Crest > > > spinbrush and Crest Whitening Strips (by the way, about $50 for the box, > > > premium pricing, but still a fraction of what it would cost to have it > done > > > with a special light activated process like Brite Smile's (BSML), or > done > > > "professionally" by a dentist.). > > > > > > Katherine > > > > > > PS > > > Here are some quotes form CHTT's 10Q, which you can see in full at > > > > http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000931763-02-0 > > > 02300 > > > > > > "We have historically financed our operations and acquisitions with a > > > combination of internally generated funds and borrowings. Our principal > uses > > > of cash are working capital, servicing and repayments of long-term debt, > > > acquisitions, repurchases of our common stock and capital expenditures." > > > > > > "In fiscal 1999, our board of directors authorized repurchases of our > common > > > stock of up to $10.0 million in the aggregate. In April 2000, our board > of > > > directors authorized repurchases of up to an additional $10.0 million of > our > > > common stock. Under these authorizations, 172,500 shares at a cost of > $3.9 > > > million were repurchased in fiscal 1999 876,500 shares at a cost of $9.5 > > > million were repurchased in fiscal 2000 and 14,000 shares at a cost of > $0.2 > > > million were repurchased in fiscal 2001. In February 2002, we > repurchased, > > > and returned to unissued, 44,000 shares for $0.6 million. As of May 31, > > > 2002, the remaining amount authorized by our board of directors under > our > > > stock buyback plan was $5.8 million; however, we are limited in our > ability > > > to repurchase shares due to restrictions under the terms of the > indenture > > > for our 8.875% notes and our senior credit facility. > > > > > > We believe that cash provided by operating activities, our cash and cash > > > equivalents balance, the net proceeds that we receive from our currently > > > pending offering of common stock after debt repayment and funds > available > > > under the revolver of our senior credit facility will be sufficient to > fund > > > our capital expenditures, debt service and working capital requirements > for > > > the foreseeable future as our business is currently conducted. Any > > > acquisitions that we make in the future may require us to obtain > additional > > > financing." > > > > > > ----- Original Message ----- > > > From: "Harvey Brion" > > > To: > > > Sent: Wednesday, August 07, 2002 1:13 PM > > > Subject: Re: [CANSLIM] Identifying NEW leaders > > > > > > > These look interesting Katherine. It's hard to get excited about > > > > cosmetics and weight loss products but with the high GRS rating, > they've > > > > obviously been doing well. I see they all have strong EPS estimates > for > > > > this FY. CHTT looks the strongest in cash flow and ROE and I favor > > > > smaller companies anyway so I'd lean toward this one. The chart is > > > > pretty wide and lose, so not classic CANSLIM. Do you have any idea > what > > > > their 389% debt to equity ratio is all about? -Harvey > > > > > > > > Katherine Malm wrote: > > > > > > > > > Here's another view of "consumer" stocks--take a look at stocks like > > > > > NBTY, WTW, CHTT, all of which have pros/cons, but nonetheless > > > > > something unexpected. Who would've thought that HD might've done so > > > > > well simply by consolidating a fragmented industry and redefining > > > > > "home improvement"? Sometimes it's the unexpected which does the > best > > > > > while everybody else is looking to the obvious. Katherine > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > ------------------------------------------------------------------------ > Name: CHTTKeyRatios.jpg > CHTTKeyRatios.jpg Type: JPEG Image (image/jpeg) > Encoding: base64 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) Date: 09 Aug 2002 00:28:05 -0500 Hi Harvey, I think DGO is an excellent 15 second overview of technicals and fundamentals. If the stock passes those tests, then I think it pays to complement them with a good dose of due diligence. Here, I look for accounting red flags, business red flags, competitors, and the "N" for the company which gives them sustainable competitive advantage and fuel for future growth. My favorite jumping off point is the Yahoo summary page (http://biz.yahoo.com/p/c/chtt.html), but there are some things that I like at the MSN site, among them the 10 year overview. In order to see the charts there, you'll need to install some ActiveX controls. Follow these instructions and you'll be set. To install the MSN Money Investing components, follow these steps: 1.. In Microsoft Internet Explorer 4.01 or later, go to the following MSN Web site: http://moneycentral.msn.com/investor/controls/setup.asp 2.. Click Deluxe Portfolio Manager. 3.. The installation begins automatically. If you see a dialog box about installing the software, click Yes. 4.. When the chart with red bars appears, click I See The Chart. NOTE: The Netscape browser can only use the Basic version of the Portfolio. So, if you want to install the Deluxe version, please use Internet Explorer. Katherine ----- Original Message ----- Sent: Friday, August 09, 2002 12:08 AM > Katherine, The graphic certainly gives one a warm fuzzy that they're managing > debt. From 30:1 to 3.92:1 over 6 years is definitely in the right direction. > Just goes to show you that you need to dig a lot deeper than DGO. > > I need to get more familiar with the moneycentral.msn site. (I found the 10 > year summary in table form, but did you generate the graphic yourself?) Thanks > again. -Harvey > > Katherine Malm wrote: > > > Hi Harvey, > > > > One more thing that I meant to include last night might help...that is, I > > always like to get perspective on something like this. See the attached > > graphic showing CHTT's D/E over time... (available at > > http://moneycentral.msn.com/investor/invsub/results/compare.asp?Page=Financi > > alCondition&Symbol=CHTT ) > > > > Katherine > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: [CANSLIM] paper trading Date: 09 Aug 2002 02:17:55 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_006A_01C23F4A.F91332F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable How many of the new people are paper trading? Using play money, try to = follow the rules for buying and selling. If you had been doing that for = a while you would probably see why it's not a good time to be buying = stocks. After your paper trading seems profitable, you could start with = real money, a small amount per position, and see what it feels like to = follow the system. It feels different with real money on the line, and = your feelings are what you have to overcome. How do you find buy candidates? Use a scanning program and find stocks = that have hit a 52 week high close. If you want to only buy = cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS = growth. Pretend (paper-trading, remember) that you buy the next day at = the open, buying with 10% of your play money portfolio. Keep track of = your trades in a spreadsheet. If your loss in a stock hits 7%, = pretend-sell.=20 There's more to CANSLIM than finding the stocks. You have to put money = on the line, control greed and fear, and try to follow what the market = is telling you.=20 Mike ------=_NextPart_000_006A_01C23F4A.F91332F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
How many of the new people are paper trading? Using play = money, try to=20 follow the rules for buying and selling. If you had been doing that for = a while=20 you would probably see why it's not a good time to be buying stocks. = After your=20 paper trading seems profitable, you could start with real money, a small = amount=20 per position, and see what it feels like to follow the system. It feels=20 different with real money on the line, and your feelings are what you = have to=20 overcome.
 
How do you find buy candidates? Use a scanning program and find = stocks that=20 have hit a 52 week high close. If you want to only buy cup-with-handles, = then=20 evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend = (paper-trading,=20 remember) that you buy the next day at the open, buying with 10% of your = play=20 money portfolio. Keep track of your trades in a spreadsheet. If your = loss in a=20 stock hits 7%, pretend-sell.
 
There's more to CANSLIM than finding the stocks. You have to put = money on=20 the line, control greed and fear, and try to follow what the market is = telling=20 you.
 
Mike
------=_NextPart_000_006A_01C23F4A.F91332F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 09 Aug 2002 07:57:42 -0400 No parle Francaise. =20 Just like to travel there, and each time stumble through phrases as I go. I learned early on that their reputation for being rude (in Paris, anyway) is usually assuaged if you attempt to speak the tongue! =20 Bonjour... Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Thursday, August 08, 2002 11:24 PM Duke, Alors! Tu parle CANSLIM et Francaise aussi? Tu est vraiment quelque chose. A bientot..... On Thu, 2002-08-08 at 17:07, Duke Miller wrote: > Hermann: >=20 > 1. Something superlative. > 2. People of the highest social level. >=20 > [French : cr=E8me, cream + de, of + la, the + cr=E8me, cream.] >=20 >=20 > ---------------------------------------------------------------------- > -- > -------- >=20 > -----Original Message----- > From: owner-canslim@lists.xmission.com=20 > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl > Sent: Thursday, August 08, 2002 9:20 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Current Case Study - XRAY >=20 >=20 > cr=E8me de la cr=E8me - would you please elaborate. >=20 >=20 >=20 > > From: "Duke Miller" > > To: > > Date: Thu, 8 Aug 2002 16:25:32 -0400 > > > > e Mike: When it comes to submitting stocks for > > consideration, this has got to be, beyond a doubt, the cr=E8me de la > > cr=E8me! =20 > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons > > Sent: Thursday, August 08, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Current Case Study - XRAY > > > > In view of the interest in current cases rather than 20-20 > > hindsight, and discussions to aid the learning process, I offer > > XRAY as an example, which broke out today from a CwH pattern with > > short handle Firstly, let me add the disclaimer that I'm a > > programmer who was introduced to CANSLIM as a development project, > > and I'm 1 year into the 3 yr learning curve, so further comment > > by the "experts" is welcomed to improve my own > > understanding. Firstly the fundamentals which are very strong, > > with the exception that Institutional Ownership is already quite > > high. There are differing views on what the level should be, but > > somewhere less than 30% would be better. Additional DD would be > > required to determine why pre-tax profit margins are decreasing > > and if that is cause for concern. (This information is drawn from > > yahoo/multex not IBD) =20 > > C Current Earnings > Earnings per share > > growth of at least 25% in the most recent quarter > > > > > > > Most recent quarter year on year growth. (Published > > financial data). > > > > 35.00 % > Latest three quarters of sales > > growth should be a minimum of 25% > Average > > year on year growth for last 3 quarters. (Published > > financial data). 51.00 % > Sales growth > > should be accelerating. > Difference in year > > on year growth rates over last 3 quarters. (Published > > financial data). 23.00 A Strong > > Annual Earnings Growth Annual earnings growth > > for the last three years of 25% or greater 3 > > year compound EPS growth rate. (Published financial > > data). 53.00 % Return on equity should be > > at least 17% Published financial data. > > 21.00 % Pretax profit margins should > > be increasing Profit Margin for most recent > > quarter minus profit margin 1 year ago. (Published > > financial data). -1.00 size=3D2>N > > > New Products, Services or Leadership > If a > > company has a dynamic new product or service, or is > > capitalizing on new conditions in the economy, this can have a=20 > > dramatic impact on the price of a stock. Buy stocks just as > > they emerge from a sound "base" pattern and make new price > > highs. Not Known =20 > > size=3D2>S Supply and Demand Watch = the > > demand for shares by looking at the percentage change in > > volume for each of your stocks. Analyze a stock's daily and > > weekly price and volume changes. The up/down volume > > ratio measures the ratio of accumulation days to > > distribution days over the last 50 days. > > 0.90 L Leading Stocks in Leading Industry > > Groups Nearly 50% of a stock's price action > > is a result of its industry group's performance. Focus on > > the top industry groups, and within those groups select > > stocks with the best price performance. > > Multex Industry Rank ( 0 - 99 ) > > (26 week relative performance). > > 90 > > > > Multex Rank within Industry ( 0 - 99 ). Provided for > > informational purposes only. > > (4 week relative performance) > > > > 22 > The stock's Relative Price Strength > > Rating should be in the 80s or 90s > We > > calculate RS daily by ranking all NYSE, AMEX and NASDAQ > > stocks. Our RS algorithm is described here. It correlates > > well with IBD's. Value. Score pro-rated in range > > 60-79. 83 I Institutional > > Sponsorship You want at least a few of the > > better performing mutual funds owning the stock. They're > > the ones who will drive the stock up on a sustained > > basis. Institutional Ownership. Value in range 5 > > - 30% needed to score 1. 79.00 > > % No. of Institutions. Provided for > > informational purposes only. 568 > > size=3D2>M > Market Direction > You can > > buy the best stocks, but if the general market is weak, > > most likely your stocks will be weak also. > > Because Market Direction is not specific to any one > > particular stock, we do not evaluate it on a per stock > > basis. Look at the chart below. Note that the handle > > is only 3 days long. This is normally insufficient to have shaken > > out the potential sellers and WON recommends that a handle should > > be at least 1-2 weeks long, otherwise a breakout is prone to > > failure. Also the volume in the handle has not dried up. This is > > often the case in the early days of handle formation and we would > > like to see the volume decrease below the ADV and the price wedge > > downwards as the handle progresses. Look at the volume coming > > up the right side of the cup - consistently above the 50 ADV > > accompanied by big price positive price movements, with only two > > days when the stock closed slightly down. It would have been > > better if the volume had been below the ADV on those days, in > > which case the stock would have earned a higher CQ (Chart > > Quality) score. > > > > Note the RS line. This is quite high at 83, but has advanced > > only slightly over the last few days despite significant price > > gains in this stock. This indicates that other stocks are doing > > at least as well. The 50 day up/down volume is at 0.90. > > Values less than 1 mean that the down volume days exceed the up=20 > > volume >=20 > > days. However, the trend of the line is upwards, which is a > > positive sign. I'll go out on a limb and say my guess > > is that todays breakout will not be sustained (although its > > holding now - just) and it will continue to form a > > handle. I conclude that this is one to watch but not to > > buy right now. Aloha, Mike Gibbons > > Proactive Technologies, LLC http://www.proactech.com = size=3D2>=20 >=20 >=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe=20 > canslim". Do not use quotes in your email. --=20 Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 09 Aug 2002 05:03:47 -0700 (PDT) Thanks Katherine, for this info and the trail of how/where to find it. As you know, many of us appreciate your sharing of financial knowledge and insights. Thanks to Mike for starting this case study of Dentsply and all the consrtuctive comments/contributions of several others. I'll never stop saying "thanks" but hope I can also start adding some value to this group soon. Jack --- Katherine Malm wrote: > Hi Robert, > > Small detail to attend to on the numbers cited , > that is, the numbers in the MSN summary are not each > individual quarter, but instead, cumulative for the > fiscal year. Accordingly, the 12/01 number is for > the entire year, while the 3/02 number is for the > 1st quarter of the new fiscal year. See the header > information at the link: > > http://moneycentral.msn.com/investor/invsub/results/statemnt.asp?lstStatement=CashFlow&Symbol=XRAY&stmtView=Qtr > > With respect to QoQ numbers (3/01 vs 3/02), here is > the detail from the latest 10Q: > "Quarter Ended March 31, 2002 > > For the three months ended March 31, 2002, cash > flows from operating > > activities were $12.4 million compared to $47.3 > million for the three months > > ended March 31, 2001. The decrease of $34.9 million > results primarily from > > higher inventory and receivables levels, payments of > annual volume rebates > > for precious metal purchases and some initial > restructuring outflows, offset > > by higher operating earnings. [KM note: the detail > on each of these is discussed in the 10Q] > > Investing activities for the three months ended > March 31, 2002 include > > capital expenditures of $9.8 million. Net > acquisition activity for the three > > months ended March 31, 2002 was $37.6 million (see > Note 4 to the condensed > > consolidated financial statements)." > > > Katherine > ----- Original Message ----- > From: RWElmer@aol.com > To: canslim@lists.xmission.com > Sent: Thursday, August 08, 2002 6:17 PM > Subject: Re: [CANSLIM] Current Case Study - XRAY > > > Winston, > > Sorry about that. Declined from 211.1 million to > 12.4 million. Should've posted this link too: > > > http://moneycentral.msn.com/investor/invsub/results/statemnt.asp?lstStatement=CashFlow&Symbol=xray&stmtView=Qtr > > > > Robert W. Elmer > > > ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Stock Screening Date: 09 Aug 2002 09:09:03 EDT --part1_187.c1eb2cf.2a8518ef_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Gene: Looks like I need to explore DGO a little more. Charley --part1_187.c1eb2cf.2a8518ef_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Gene: Looks like I need to explore DGO a little more. Charley --part1_187.c1eb2cf.2a8518ef_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] paper trading Date: 09 Aug 2002 06:26:49 -0700 (PDT) --0-1893614493-1028899609=:71890 Content-Type: text/plain; charset=us-ascii where can I find eps growth rates? Mike Lucero wrote:How many of the new people are paper trading? Using play money, try to follow the rules for buying and selling. If you had been doing that for a while you would probably see why it's not a good time to be buying stocks. After your paper trading seems profitable, you could start with real money, a small amount per position, and see what it feels like to follow the system. It feels different with real money on the line, and your feelings are what you have to overcome. How do you find buy candidates? Use a scanning program and find stocks that have hit a 52 week high close. If you want to only buy cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend (paper-trading, remember) that you buy the next day at the open, buying with 10% of your play money portfolio. Keep track of your trades in a spreadsheet. If your loss in a stock hits 7%, pretend-sell. There's more to CANSLIM than finding the stocks. You have to put money on the line, control greed and fear, and try to follow what the market is telling you. Mike Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1893614493-1028899609=:71890 Content-Type: text/html; charset=us-ascii

where can I find eps growth rates?

 Mike Lucero wrote:

How many of the new people are paper trading? Using play money, try to follow the rules for buying and selling. If you had been doing that for a while you would probably see why it's not a good time to be buying stocks. After your paper trading seems profitable, you could start with real money, a small amount per position, and see what it feels like to follow the system. It feels different with real money on the line, and your feelings are what you have to overcome.
 
How do you find buy candidates? Use a scanning program and find stocks that have hit a 52 week high close. If you want to only buy cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend (paper-trading, remember) that you buy the next day at the open, buying with 10% of your play money portfolio. Keep track of your trades in a spreadsheet. If your loss in a stock hits 7%, pretend-sell.
 
There's more to CANSLIM than finding the stocks. You have to put money on the line, control greed and fear, and try to follow what the market is telling you.
 
Mike


Do You Yahoo!?
HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1893614493-1028899609=:71890-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: [CANSLIM] (no subject) Date: 09 Aug 2002 09:51:00 EDT --part1_173.cb2a826.2a8522c4_boundary Content-Type: multipart/alternative; boundary="173.cb2a826_alt_bound" --173.cb2a826_alt_bound Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do: =20 Texas Regional Bancshares, Inc. is a bank holding company. Texas Regional=20 Delaware, Inc., a wholly owned second-tier bank holding company subsidiary,=20 owns Texas State Bank (the Bank), the Company's primary operating subsidiary= .=20 The Bank has two active wholly owned subsidiaries, TSB Securities, Inc.,=20 which provides full-service broker-dealer services, and TSB Properties, Inc.= ,=20 which receives and liquidates foreclosed assets. As of December 31, 2001, th= e=20 Bank operated 26 banking locations in the Rio Grande Valley of Texas,=20 including four banking locations in McAllen, four banking locations in=20 Brownsville, four banking locations in Harlingen, three banking locations in= =20 Mission, two banking locations in Weslaco and one banking location each in=20 Edinburg, Hidalgo, La Feria, Mercedes, Palm Valley, Penitas, Raymondville,=20 Rio Grande City and Roma. On February 22, 2002, the Company acquired Riverwa= y=20 Bank of Houston, Texas, which became the Bank's twenty-seventh banking=20 location. =20 Industry: Banks-West/Soutwest Group =20 Competitors: Southwest Bancorp Tx [Unable to display image] SWBT =20 V I B Corp [Unable to display image] VIBC =20 Texas Regl Bancshares [Unable to display image] TRBS =20 Pacific Capital Bancorp [Unable to display image] SABB =20 Prosperity Bancshares [Unable to display image] PRSP =20 =20 IBD SmartSelect=AE Corporate Ratings=20 Earnings Per Share (EPS) 91 Relative Price Strength (RS) 93 Industry Group Relative Strength (Grp RS) A+ Sales + Profit Margins + ROE (SMR) Rating B=20 Accumulation/Distribution (Acc/Dis) Rating B+ =20 Further Interest: Yes =20 Notes: Texas Regional Bancshares, Inc. Announces Intent to Acquire San Juan=20 Bancshares, Inc. (Jul 02, 2002) Texas Regional Bancshares, Inc. Completes Acquisition of Riverway Holdings,=20 Inc.( Feb 25, 2002) Kris=20 --173.cb2a826_alt_bound Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do:

Texas Regional Bancshares, Inc. is a bank holding company. Texas Regional De= laware, Inc., a wholly owned second-tier bank holding company subsidiary, ow= ns Texas State Bank (the Bank), the Company's primary operating subsidiary.=20= The Bank has two active wholly owned subsidiaries, TSB Securities, Inc., whi= ch provides full-service broker-dealer services, and TSB Properties, Inc., w= hich receives and liquidates foreclosed assets. As of December 31, 2001, the= Bank operated 26 banking locations in the Rio Grande Valley of Texas, inclu= ding four banking locations in McAllen, four banking locations in Brownsvill= e, four banking locations in Harlingen, three banking locations in Mission,=20= two banking locations in Weslaco and one banking location each in Edinburg,=20= Hidalgo, La Feria, Mercedes, Palm Valley, Penitas, Raymondville, Rio Grande=20= City and Roma. On February 22, 2002, the Company acquired Riverway Bank of H= ouston, Texas, which became the Bank's twenty-seventh banking location.
Industry: Banks-= West/Soutwest Group

Competitors:
Southwest Bancorp Tx SWBT
V I B Corp           =            VIBC
Texas Regl Bancshares TRBS
Pacific Capital Bancorp SABB
Prosperity Bancshares PRSP


IBD SmartSele= ct=AE Corporate Ratings
Earnings Per Share (EPS)  91
Relative Price Strength  (RS) 93
Industry Group Relative Strength (Grp RS) A+
Sales + Profit Margins + ROE  (SMR) Rating B
Accumulation/Distribution  (Acc/Dis) Rating B+ 

Further Interest: Yes
Notes:
Texas Regional Bancshares, Inc. Announces Intent to Acquire San Juan Bancsha= res, Inc. (Jul 02, 2002)
Texas Regional Bancshares, Inc. Completes Acquisition of Riverway Holdings,=20= Inc.( Feb 25, 2002)

Kris --173.cb2a826_alt_bound-- --part1_173.cb2a826.2a8522c4_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_173.cb2a826.2a8522c4_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_173.cb2a826.2a8522c4_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_173.cb2a826.2a8522c4_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_173.cb2a826.2a8522c4_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_173.cb2a826.2a8522c4_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: [CANSLIM] TRBS Date: 09 Aug 2002 09:55:18 EDT --part1_38.2c33dda5.2a8523c6_boundary Content-Type: multipart/alternative; boundary="38.2c33dda5_alt_bound" --38.2c33dda5_alt_bound Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do: Texas Regional Bancshares, Inc. is a bank holding company. Texas Regional=20 Delaware, Inc., a wholly owned second-tier bank holding company subsidiary,=20 owns Texas State Bank (the Bank), the Company's primary operating subsidiary= .=20 The Bank has two active wholly owned subsidiaries, TSB Securities, Inc.,=20 which provides full-service broker-dealer services, and TSB Properties, Inc.= ,=20 which receives and liquidates foreclosed assets. As of December 31, 2001, th= e=20 Bank operated 26 banking locations in the Rio Grande Valley of Texas,=20 including four banking locations in McAllen, four banking locations in=20 Brownsville, four banking locations in Harlingen, three banking locations in= =20 Mission, two banking locations in Weslaco and one banking location each in=20 Edinburg, Hidalgo, La Feria, Mercedes, Palm Valley, Penitas, Raymondville,=20 Rio Grande City and Roma. On February 22, 2002, the Company acquired Riverwa= y=20 Bank of Houston, Texas, which became the Bank's twenty-seventh banking=20 location. Industry: Banks-West/Soutwest Group Competitors: Southwest Bancorp Tx [Unable to display image] SWBT V I B Corp [Unable to display image] VIBC Texas Regl Bancshares [Unable to display image] TRBS Pacific Capital Bancorp [Unable to display image] SABB Prosperity Bancshares [Unable to display image] PRSP IBD SmartSelect=AE Corporate Ratings=20 Earnings Per Share (EPS) 91 Relative Price Strength (RS) 93 Industry Group Relative Strength (Grp RS) A+ Sales + Profit Margins + ROE (SMR) Rating B=20 Accumulation/Distribution (Acc/Dis) Rating B+ =20 Further Interest: Yes Notes: Texas Regional Bancshares, Inc. Announces Intent to Acquire San Juan=20 Bancshares, Inc. (Jul 02, 2002) Texas Regional Bancshares, Inc. Completes Acquisition of Riverway Holdings,=20 Inc.( Feb 25, 2002) Kris=20 =20 --38.2c33dda5_alt_bound Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do:

Texas Regional Bancshares, Inc. is a bank holding company. Texas Regional De= laware, Inc., a wholly owned second-tier bank holding company subsidiary, ow= ns Texas State Bank (the Bank), the Company's primary operating subsidiary.=20= The Bank has two active wholly owned subsidiaries, TSB Securities, Inc., whi= ch provides full-service broker-dealer services, and TSB Properties, Inc., w= hich receives and liquidates foreclosed assets. As of December 31, 2001, the= Bank operated 26 banking locations in the Rio Grande Valley of Texas, inclu= ding four banking locations in McAllen, four banking locations in Brownsvill= e, four banking locations in Harlingen, three banking locations in Mission,=20= two banking locations in Weslaco and one banking location each in Edinburg,=20= Hidalgo, La Feria, Mercedes, Palm Valley, Penitas, Raymondville, Rio Grande=20= City and Roma. On February 22, 2002, the Company acquired Riverway Bank of H= ouston, Texas, which became the Bank's twenty-seventh banking location.

Industry: Banks-= West/Soutwest Group

Competitors:
Southwest Bancorp Tx SWBT
V I B Corp           =            VIBC
Texas Regl Bancshares TRBS
Pacific Capital Bancorp SABB
Prosperity Bancshares PRSP


IBD SmartSele= ct=AE Corporate Ratings
Earnings Per Share (EPS)  91
Relative Price Strength  (RS) 93
Industry Group Relative Strength (Grp RS) A+
Sales + Profit Margins + ROE  (SMR) Rating B
Accumulation/Distribution  (Acc/Dis) Rating B+ 

Further Interest: Yes

Notes:
Texas Regional Bancshares, Inc. Announces Intent to Acquire San Juan Bancsha= res, Inc. (Jul 02, 2002)
Texas Regional Bancshares, Inc. Completes Acquisition of Riverway Holdings,=20= Inc.( Feb 25, 2002)

Kris
--38.2c33dda5_alt_bound-- --part1_38.2c33dda5.2a8523c6_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_38.2c33dda5.2a8523c6_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_38.2c33dda5.2a8523c6_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_38.2c33dda5.2a8523c6_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_38.2c33dda5.2a8523c6_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_38.2c33dda5.2a8523c6_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] two stocks that look close...CVH and ENR Date: 09 Aug 2002 08:58:37 -0500 Hi all, I have been watching these two for a while, actually owned CVH untilI got out due to 8% rule, but now both look to be climbing back up, forming somewhat V shaped cups. Both have excellent IBD ratings, and we know that the medical sector has been strong , so that helps CVH. Now waiting to see if handles form...It looks like M is maybe going to finally start to help us out. Any thoughts? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: [CANSLIM] HIB Date: 09 Aug 2002 10:01:04 EDT --part1_19c.6aeda9d.2a852520_boundary Content-Type: multipart/alternative; boundary="19c.6aeda9d_alt_bound" --19c.6aeda9d_alt_bound Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do: =20 Hibernia Corporation is the bank holding company of Hibernia National Bank=20 (the Bank). The Bank offers a broad array of financial products and services= ,=20 including retail, small business, commercial, international, mortgage and=20 private banking; leasing; factoring; investment banking; corporate finance;=20 treasury management; property and casualty, life, and health insurance; trus= t=20 and investment management; retail brokerage; and other investments, includin= g=20 mutual funds and annuities. The Bank also performs mortgage servicing, which= =20 includes acceptance and application of mortgage loan and escrow payments. Th= e=20 Bank provides financial risk management products and advisory services to it= s=20 customers. The Bank offers repurchase agreements, banker's acceptances,=20 Eurodollar deposits, safekeeping of securities, U.S. government and=20 government agency obligations, tax-free municipal obligations, reverse=20 repurchase agreements, letters of credit, and collection and foreign exchang= e=20 transactions. =20 Industry: Banks-Southeast Group =20 Competitors: =20 Hancock Hldg Co HBHC =20 F N B Corp Va [Unable to display image] FNBP =20 Alabama National Bancorp ALAB =20 First Bancorp Hldg Co FBP =20 Popular Inc [Unable to display image] BPOP =20 IBD SmartSelect=AE Corporate Ratings=20 Earnings Per Share (EPS) 80 Relative Price Strength (RS) 86 Industry Group Relative Strength (Grp RS) A+ Sales + Profit Margins + ROE (SMR) Rating B=20 Accumulation/Distribution (Acc/Dis) Rating C+ =20 Further Interest: Yes =20 Notes: Hibernia Corporation Raises FY 2002 Guidance (Jul 15, 2002) Hibernia Corporation Buys New Orleans Insurance Firm (Apr 02, 2002) Hibernia Corporation Confirms FY 2001 Guidance (Oct 15, 2001) =20 =20 --19c.6aeda9d_alt_bound Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable What they do:

Hibernia Corporation is the bank holding company of Hibernia National Bank (= the Bank). The Bank offers a broad array of financial products and services,= including retail, small business, commercial, international, mortgage and p= rivate banking; leasing; factoring; investment banking; corporate finance; t= reasury management; property and casualty, life, and health insurance; trust= and investment management; retail brokerage; and other investments, includi= ng mutual funds and annuities. The Bank also performs mortgage servicing, wh= ich includes acceptance and application of mortgage loan and escrow payments= . The Bank provides financial risk management products and advisory services= to its customers. The Bank offers repurchase agreements, banker's acceptanc= es, Eurodollar deposits, safekeeping of securities, U.S. government and gove= rnment agency obligations, tax-free municipal obligations, reverse repurchas= e agreements, letters of credit, and collection and foreign exchange transac= tions.

Industry: Banks-Southeast Group

Competitors:
 
Hancock Hldg Co          &= nbsp;        HBHC
F N B Corp Va FNBP
Alabama National Bancorp     ALAB
First Bancorp Hldg Co&= nbsp;            = ;         FBP
Popular Inc  = ;     BPOP

IBD SmartSelect=AE Corporate Ratings
Earnings Per Share (EPS)  80
Relative Price Strength  (RS) 86
Industry Group Relative Strength (Grp RS) A+
Sales + Profit Margins + ROE  (SMR) Rating B
Accumulation/Distribution  (Acc/Dis) Rating C+ 

Further Interest: Yes

Notes:
Hibernia Corporation R= aises FY 2002 Guidance (Jul 15, 2002)
Hibernia Corporation Buys New Orleans Insurance Firm (Apr 02, 2002)
Hibernia Corporation Confirms FY 2001 Guidance (Oct 15, 2001)



 --19c.6aeda9d_alt_bound-- --part1_19c.6aeda9d.2a852520_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_19c.6aeda9d.2a852520_boundary Content-ID: Content-Type: image/gif Content-Disposition: inline Content-Transfer-Encoding: base64 R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== --part1_19c.6aeda9d.2a852520_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] CCR - I offer this up for dissection Date: 09 Aug 2002 10:22:47 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C23FB8.9DEA64F7 Content-Type: multipart/alternative; boundary="----_=_NextPart_002_01C23FB8.9DEA64F7" ------_=_NextPart_002_01C23FB8.9DEA64F7 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Winston, =20 You give me new understanding of DD. After reading your email I whip = myself for not investigating further before posting. Back to the newbie = pond for me. I feel like those Snakehead fish in Maryland- so close to = making it from the pond to the big river, then the big bad human ("M") = comes and throws me back in the pond. Thanks for your observations- I'll = keep hacking away. =20 Kelly -----Original Message----- Sent: Thursday, August 08, 2002 4:31 PM Kelly: A few comments: 1. Chart pattern:=20 If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup = which is not ideal. 2. Handle is 2 days long (minimum desired is five days) on 03 and 05 = Aug. 3. Heavy volume in handle (again undesirable) 4. Breakout volume on 06 Aug was 166% of average daily =3D ok. 5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the = top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception = was the government sponsored agency FRE (Freddie Mac) at 31. 6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 = million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 = in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was = highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may = be a re-statement in the works as day of reckoning approaches for CEO = and CFO? CCR is believed to be a sub-prime lender. Does this mean difficulty as = the slow economy persists and consumers start to run out of cash? ----- Original Message -----=20 Sent: Thursday, August 08, 2002 4:50 PM CCR - Countrywide Cr Inds Inc =20 EPS growth could be better but are we more forgiving over the past 3 = qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in = itself is an accomplishment)? Appears to be coming out of CWH formation = (all though not as beautiful a formation as the Mona Lisa or anything = IBD would show us). Thoughts? =20 IBD Ratings =09 Smart Select 99 =09 EPS Rating 94 =09 RPS 89 =09 Industry Group Rank A =09 S+P M+ROE A =09 A/D A+ =09 =09 =09 Technical Rating 98 =09 Fundamental Rating 96 =09 Attractiveness Rating 99 =09 Group's Technical Rating 79 =09 Group's Fundamental Rating 86 =09 =09 =09 =09 Rank within Industry Group =09 Industry Rank (08/08/02) 32 =09 =09 Overall 100 =09 Technical 100 =09 Fundamental 91 =09 Attriveness 100 =09 Top 5 Companies w/in Group =09 =20 =09 CCR =09 =20 =09 DORL =09 =20 =09 NCEN =09 =20 =09 NDE =09 =20 =09 FRE =09 Group % Chg to Date 2% =09 Group % Chg Last 12 mths 4% =09 Group % Chg Last 4 weeks 4% =09 =09 =09 Performance =09 =09 Up/Down Vol 1.3 =09 3 Yr. EPS Growth 16% =09 3 Yr. Sales Growth 25% =09 EPS Growth (Quarterly) % Chg=09 Qtr -1 $0.64 5%=09 Qtr -2 $0.61 8%=09 Qtr -3 $0.56 5%=09 Qtr -4 $0.53 8%=09 Qtr -5 $0.49 0%=09 Qtr -6 $0.49 =09 =09 Revenue Growth =09 Qtr -1 293,159 3%=09 Qtr -2 285,799 1%=09 Qtr -3 283,199 1%=09 Qtr -4 281,332 3%=09 Qtr -5 272,860 0%=09 Qtr -6 272,489 =09 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_002_01C23FB8.9DEA64F7 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Winston,
 
You=20 give me new understanding of DD. After reading your email I whip myself = for not=20 investigating further before posting. Back to the newbie pond for me. I = feel=20 like those Snakehead fish in Maryland- so close to making it from the = pond to=20 the big river, then the big bad human ("M") comes and throws me back in = the=20 pond. Thanks for your observations- I'll keep hacking = away.
 
Kelly
 -----Original = Message-----
From:=20 Winston Little [mailto:wlittle1@peoplepc.com]
Sent: Thursday, = August=20 08, 2002 4:31 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] CCR - I offer this up for = dissection

Kelly:
A few comments:
1. Chart pattern:
If cup-with handle (start 27 May, end 01 Aug) then = the shape=20 is V-Cup which is not ideal.
2. Handle is 2 days long (minimum desired is five = days) on=20 03 and 05 Aug.
3. Heavy volume in handle (again = undesirable)
4. Breakout volume on 06 Aug was 166% of average = daily =3D=20 ok.
5. Debt to equity ratio =3D 4.3 This may be a bit = high, as=20 others in the top five of the IBD group were at = 0.98, 0.18=20 and 0.83. The one exception was the government sponsored agency FRE = (Freddie=20 Mac) at 31.
6. Largest concern was roll off in revenue in Q2 = of 2002 to=20 $$998 million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, = $1234=20 in Q2 of 2001 etc.  Surprisingly the eps reported in Q2 of 2002 = was=20 highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there = may be a=20 re-statement in the works as day of reckoning approaches for CEO and=20 CFO?
CCR is believed to be a sub-prime lender. Does = this mean=20 difficulty as the slow economy persists and consumers start to run out = of=20 cash?
----- Original Message -----
From:=20 Kelly Short
Sent: Thursday, August 08, = 2002 4:50=20 PM
Subject: [CANSLIM] CCR - I = offer this=20 up for dissection

CCR - Countrywide Cr Inds Inc
 
EPS growth could be better but are we more forgiving over = the past 3=20 qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in = itself=20 is an accomplishment)? Appears to be coming out of CWH formation = (all though=20 not as beautiful a formation as the Mona Lisa or anything IBD would = show=20 us). Thoughts?
 
IBD Ratings
Smart Select 99
EPS Rating 94
RPS 89
Industry Group = Rank A
S+P M+ROE A
A/D A+
Technical Rating 98
Fundamental = Rating 96
Attractiveness = Rating 99
Group's Technical = Rating 79
Group's Fundamental = Rating 86
Rank within Industry Group
Industry Rank = (08/08/02) 32
Overall 100
Technical 100
Fundamental 91
Attriveness 100
Top 5 Companies w/in = Group
=20
 
 CCR
=20
 
 DORL
=20
 
 NCEN
=20
 
 NDE
=20
 
 FRE
Group % = Chg to=20 Date 2%
Group % = Chg Last 12=20 mths 4%
Group % = Chg Last 4=20 weeks 4%
Performance
Up/Down Vol 1.3
3 Yr. EPS Growth 16%
3 Yr. Sales = Growth 25%
EPS Growth = (Quarterly) % Chg
Qtr -1 $0.64 5%
Qtr -2 $0.61 8%
Qtr -3 $0.56 5%
Qtr -4 $0.53 8%
Qtr -5 $0.49 0%
Qtr -6 $0.49
Revenue Growth
Qtr -1 293,159 3%
Qtr -2 285,799 1%
Qtr -3 283,199 1%
Qtr -4 281,332 3%
Qtr -5 272,860 0%
Qtr -6 272,489
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Research sites [Was: Re: [CANSLIM] Re: CHTT] Date: 09 Aug 2002 09:11:13 -0700 Thanks for the links, Katherine. I'm familiar with the Yahoo Profile page and have used it for years. I agree it's a great starting point. Got the graphics working on msn.money and I'm amazed at the variety of information presented on that website, a good find for me. -Harvey Katherine Malm wrote: > Hi Harvey, > > I think DGO is an excellent 15 second overview of technicals and > fundamentals. If the stock passes those tests, then I think it pays to > complement them with a good dose of due diligence. Here, I look for > accounting red flags, business red flags, competitors, and the "N" for the > company which gives them sustainable competitive advantage and fuel for > future growth. My favorite jumping off point is the Yahoo summary page > (http://biz.yahoo.com/p/c/chtt.html), but there are some things that I like > at the MSN site, among them the 10 year overview. In order to see the charts > there, you'll need to install some ActiveX controls. Follow these > instructions and you'll be set. > > To install the MSN Money Investing components, follow these steps: > 1.. In Microsoft Internet Explorer 4.01 or later, go to the following MSN > Web site: > http://moneycentral.msn.com/investor/controls/setup.asp > 2.. Click Deluxe Portfolio Manager. > 3.. The installation begins automatically. If you see a dialog box about > installing the software, click Yes. > 4.. When the chart with red bars appears, click I See The Chart. > NOTE: The Netscape browser can only use the Basic version of the Portfolio. > So, if you want to install the Deluxe version, please use Internet Explorer. > > Katherine > > ----- Original Message ----- > From: "Harvey Brion" > To: > Sent: Friday, August 09, 2002 12:08 AM > Subject: Re: [CANSLIM] Re: CHTT (was: Identifying NEW leaders) > > > Katherine, The graphic certainly gives one a warm fuzzy that they're > managing > > debt. From 30:1 to 3.92:1 over 6 years is definitely in the right > direction. > > Just goes to show you that you need to dig a lot deeper than DGO. > > > > I need to get more familiar with the moneycentral.msn site. (I found the > 10 > > year summary in table form, but did you generate the graphic yourself?) > Thanks > > again. -Harvey > > > > Katherine Malm wrote: > > > > > Hi Harvey, > > > > > > One more thing that I meant to include last night might help...that is, > I > > > always like to get perspective on something like this. See the attached > > > graphic showing CHTT's D/E over time... (available at > > > > http://moneycentral.msn.com/investor/invsub/results/compare.asp?Page=Financi > > > alCondition&Symbol=CHTT ) > > > > > > Katherine > > > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] CCR - I offer this up for dissection Date: 09 Aug 2002 12:14:44 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0162_01C23F9E.5A751380 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0163_01C23F9E.5A751380" ------=_NextPart_001_0163_01C23F9E.5A751380 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageKelly: My hope is that the note was of some help, but please keep the following = in mind: 1. The goal is neither to whip or throw you back into the pond. 2. ALWAYS QUESTION anything that is said or stated.... do you agree with = the point or issue stated or asked? 3. If you agree with the point, then is what is the significance of the = point or issue? The point may be true but of little value. 4. How will the rest of the market traders/investors/or others react to = the point or issue, and how soon? =20 Depending on the results of the evaluate the points above (or others), = you may then want to respond and show the other person a different = perspective.=20 ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 11:22 AM Subject: RE: [CANSLIM] CCR - I offer this up for dissection Winston, You give me new understanding of DD. After reading your email I whip = myself for not investigating further before posting. Back to the newbie = pond for me. I feel like those Snakehead fish in Maryland- so close to = making it from the pond to the big river, then the big bad human ("M") = comes and throws me back in the pond. Thanks for your observations- I'll = keep hacking away. Kelly -----Original Message----- From: Winston Little [mailto:wlittle1@peoplepc.com] Sent: Thursday, August 08, 2002 4:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CCR - I offer this up for dissection Kelly: A few comments: 1. Chart pattern:=20 If cup-with handle (start 27 May, end 01 Aug) then the shape is = V-Cup which is not ideal. 2. Handle is 2 days long (minimum desired is five days) on 03 and 05 = Aug. 3. Heavy volume in handle (again undesirable) 4. Breakout volume on 06 Aug was 166% of average daily =3D ok. 5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in = the top five of the IBD group were at 0.98, 0.18 and 0.83. The one = exception was the government sponsored agency FRE (Freddie Mac) at 31. 6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 = million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 = in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was = highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may = be a re-statement in the works as day of reckoning approaches for CEO = and CFO? CCR is believed to be a sub-prime lender. Does this mean difficulty = as the slow economy persists and consumers start to run out of cash? ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 08, 2002 4:50 PM Subject: [CANSLIM] CCR - I offer this up for dissection CCR - Countrywide Cr Inds Inc EPS growth could be better but are we more forgiving over the past = 3 qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in = itself is an accomplishment)? Appears to be coming out of CWH formation = (all though not as beautiful a formation as the Mona Lisa or anything = IBD would show us). Thoughts? IBD Ratings =20 Smart Select 99 =20 EPS Rating 94 =20 RPS 89 =20 Industry Group Rank A =20 S+P M+ROE A =20 A/D A+ =20 =20 =20 Technical Rating 98 =20 Fundamental Rating 96 =20 Attractiveness Rating 99 =20 Group's Technical Rating 79 =20 Group's Fundamental Rating 86 =20 =20 =20 =20 Rank within Industry Group =20 Industry Rank (08/08/02) 32 =20 =20 Overall 100 =20 Technical 100 =20 Fundamental 91 =20 Attriveness 100 =20 Top 5 Companies w/in Group =20 =20 CCR =20 =20 DORL =20 =20 NCEN =20 =20 NDE =20 =20 FRE =20 Group % Chg to Date 2% =20 Group % Chg Last 12 mths 4% =20 Group % Chg Last 4 weeks 4% =20 =20 =20 Performance =20 =20 Up/Down Vol 1.3 =20 3 Yr. EPS Growth 16% =20 3 Yr. Sales Growth 25% =20 EPS Growth (Quarterly) % Chg=20 Qtr -1 $0.64 5%=20 Qtr -2 $0.61 8%=20 Qtr -3 $0.56 5%=20 Qtr -4 $0.53 8%=20 Qtr -5 $0.49 0%=20 Qtr -6 $0.49 =20 =20 Revenue Growth =20 Qtr -1 293,159 3%=20 Qtr -2 285,799 1%=20 Qtr -3 283,199 1%=20 Qtr -4 281,332 3%=20 Qtr -5 272,860 0%=20 Qtr -6 272,489 =20 --- For your protection, this e-mail message has been scanned for = viruses.=20 Visit us at http://www.neoris.com/=20 --- ------=_NextPart_001_0163_01C23F9E.5A751380 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Kelly:
My hope is that the note was of some help, but = please keep the=20 following in mind:
1. The goal is neither to whip or throw you back = into the=20 pond.
2. ALWAYS QUESTION anything that is said or = stated.... do you=20 agree with the point or issue stated or asked?
3. If you agree with the point, = then is what is the=20 significance of the point or issue? The point may be true but of = little=20 value.
4. How will the rest of the market = traders/investors/or others=20  react to the point or issue, and how = soon?  
Depending on the results of  the evaluate = the points=20 above (or others), you may then want to respond and show the other = person a=20 different perspective.
 
----- Original Message -----
From:=20 Kelly Short
Sent: Friday, August 09, 2002 = 11:22=20 AM
Subject: RE: [CANSLIM] CCR - I = offer this=20 up for dissection

Winston,
 
You=20 give me new understanding of DD. After reading your email I whip = myself for=20 not investigating further before posting. Back to the newbie pond for = me. I=20 feel like those Snakehead fish in Maryland- so close to making it from = the=20 pond to the big river, then the big bad human ("M") comes and throws = me back=20 in the pond. Thanks for your observations- I'll keep hacking=20 away.
 
Kelly
 -----Original=20 Message-----
From: Winston Little=20 [mailto:wlittle1@peoplepc.com]
Sent: Thursday, August 08, = 2002 4:31=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 CCR - I offer this up for dissection

Kelly:
A few comments:
1. Chart pattern:
If cup-with handle (start 27 May, end 01 Aug) = then the=20 shape is V-Cup which is not ideal.
2. Handle is 2 days long (minimum desired is = five days) on=20 03 and 05 Aug.
3. Heavy volume in handle (again = undesirable)
4. Breakout volume on 06 Aug was 166% of average = daily =3D=20 ok.
5. Debt to equity ratio =3D 4.3 This may be a = bit high, as=20 others in the top five of the IBD group were = at 0.98,=20 0.18 and 0.83. The one exception was the government sponsored agency = FRE=20 (Freddie Mac) at 31.
6. Largest concern was roll off in revenue in Q2 = of 2002=20 to $$998 million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of = 2001,=20 $1234 in Q2 of 2001 etc.  Surprisingly the eps reported in Q2 = of 2002=20 was highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply = there may=20 be a re-statement in the works as day of reckoning approaches for = CEO and=20 CFO?
CCR is believed to be a sub-prime lender. Does = this mean=20 difficulty as the slow economy persists and consumers start to run = out of=20 cash?
----- Original Message ----- =
From:=20 Kelly Short =
To: canslim@lists.xmission.com= =20
Sent: Thursday, August 08, = 2002 4:50=20 PM
Subject: [CANSLIM] CCR - I = offer this=20 up for dissection

CCR - Countrywide Cr Inds Inc
 
EPS growth could be better but are we more forgiving over = the past=20 3 qtrs (after all- CCR is positive EPS growth for past 3 qtrs = which in=20 itself is an accomplishment)? Appears to be coming out of CWH = formation=20 (all though not as beautiful a formation as the Mona Lisa or = anything IBD=20 would show us). Thoughts?
 
IBD Ratings
Smart Select 99
EPS Rating 94
RPS 89
Industry Group = Rank A
S+P M+ROE A
A/D A+
Technical = Rating 98
Fundamental = Rating 96
Attractiveness = Rating 99
Group's Technical = Rating 79
Group's Fundamental = Rating 86
Rank within Industry Group
Industry Rank = (08/08/02) 32
Overall 100
Technical 100
Fundamental 91
Attriveness 100
Top 5 Companies w/in = Group
=20
 
 CCR
=20
 
 DORL
=20
 
 NCEN
=20
 
 NDE
=20
 
 FRE
Group % = Chg to=20 Date 2%
Group % = Chg Last 12=20 mths 4%
Group % = Chg Last 4=20 weeks 4%
Performance
Up/Down Vol 1.3
3 Yr. EPS = Growth 16%
3 Yr. Sales = Growth 25%
EPS Growth = (Quarterly) % Chg
Qtr -1 $0.64 5%
Qtr -2 $0.61 8%
Qtr -3 $0.56 5%
Qtr -4 $0.53 8%
Qtr -5 $0.49 0%
Qtr -6 $0.49
Revenue Growth
Qtr -1 293,159 3%
Qtr -2 285,799 1%
Qtr -3 283,199 1%
Qtr -4 281,332 3%
Qtr -5 272,860 0%
Qtr -6 272,489
For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

------=_NextPart_001_0163_01C23F9E.5A751380-- ------=_NextPart_000_0162_01C23F9E.5A751380 Content-Type: image/gif; name="clip_image001.gif" Content-Transfer-Encoding: base64 Content-ID: <015d01c23fbf$dfb0bb00$b0e55aa6@pavilion> Content-Location: clip_image001.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_0162_01C23F9E.5A751380 Content-Type: image/gif; name="clip_image002.gif" Content-Transfer-Encoding: base64 Content-ID: <015e01c23fbf$dfb0bb00$b0e55aa6@pavilion> Content-Location: clip_image002.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_0162_01C23F9E.5A751380 Content-Type: image/gif; name="clip_image003.gif" Content-Transfer-Encoding: base64 Content-ID: <015f01c23fbf$dfb0bb00$b0e55aa6@pavilion> Content-Location: clip_image003.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_0162_01C23F9E.5A751380 Content-Type: image/gif; name="clip_image004.gif" Content-Transfer-Encoding: base64 Content-ID: <016001c23fbf$dfb0bb00$b0e55aa6@pavilion> Content-Location: clip_image004.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_0162_01C23F9E.5A751380 Content-Type: image/gif; name="clip_image005.gif" Content-Transfer-Encoding: base64 Content-ID: <016101c23fbf$dfb0bb00$b0e55aa6@pavilion> Content-Location: clip_image005.gif R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_0162_01C23F9E.5A751380-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 12:05:47 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0D28_01C23F9D.18DD3200 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0D29_01C23F9D.18DD3200" ------=_NextPart_001_0D29_01C23F9D.18DD3200 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kris/Nancy, in answer to your questions 'how did you find these stocks?' I use tools to do my 'leg work'. I routinely RS rank the 200 industries within HGSI (see site below). I then look at the top 10 industries ....=20 Mining-Gold-Silver number 1 (Avoid- Personal preference)=20 Health-HMO number 2 ... SIE came from here Oil/Gas Cdn - number 3 (Avoid- Personal preference)=20 Health Hospitals number 4 Banking - West number 5.... TRBS came from here Banking - Southeast number 6.... HIB came from here Banking - Northeast number 7 Food - number 8 Fin-Savings-Loan number 9 Banking - Midwest number 10=20 a) look at the stocks withing these industries ranked by RS. b) look for companies showing improving RS =20 c) look at charts to find a couple of candidates to do further study=20 The generation of a watchlist is relatively easy if you have the tools = to do it.... and if have established the minimum requirements that the = stocks must meet in order for you look at... There are many programs that will aid you in producing watchlists with a = click of a button or two: TC2000 http://www.tc2000.com/ - 30 day free trial=20 HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49=20 VectorVest http://www.vectorvest.com 5-week trial $9.95 DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee But, I suggest that you use a great tool available at MSN Money Central = - FOR FREE!!!! Here's one of their pre-programmed stock searches - identifies momentum = stocks.... take notice of the criteria.... =20 I just ran this screen, here are the results: APOL; ANFI; IOM; XRAY, = ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past two = days.=20 Of course, there are other pre-programmed screens .... and you can = design your own custom screens. All at no cost. Check them out at the = following location: http://moneycentral.msn.com/investor/research/welcome.asp Now that you have done the basics on SIE, TRBS and HIB.... what will you = do next? regards, Gene ------=_NextPart_001_0D29_01C23F9D.18DD3200 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kris/Nancy, in answer to your = questions 'how did=20 you find these stocks?'
 
I use tools to do my 'leg = work'.
 
I routinely RS rank the 200 industries = within=20 HGSI (see site below).
 
I then look at the top 10 industries=20 .... 
 
Mining-Gold-Silver number 1  = (Avoid-=20 Personal preference)
Health-HMO number 2 ... SIE came from here
Oil/Gas Cdn - number 3  (Avoid- = Personal=20 preference)
Health Hospitals number 4
Banking - West number 5.... = TRBS came from here
Banking - Southeast number 6.... = HIB came from here
Banking - Northeast number = 7
Food - number 8
Fin-Savings-Loan number 9
Banking - Midwest number = 10 
 
a) look at the stocks withing = these=20 industries ranked by RS.
b) look for companies showing = improving RS =20
c) look at charts to find a = couple of=20 candidates to do further study
 
The generation of a watchlist is = relatively easy=20 if you have the tools to do it.... and if have=20 established the minimum requirements that the stocks must meet = in=20 order for you look at...
 
There are many programs that will aid = you in=20 producing watchlists with a click of a button or two:
 
TC2000 http://www.tc2000.com/ - 30 day = free=20 trial 
HGSI http://www.highgrowthstock.com/<= /A> -=20 60 day paid trial $49
VectorVest http://www.vectorvest.com 5-w= eek trial=20 $9.95
DailyGraphs Online http://www.dailygraphs.com -= 7 day=20 trial $19.95
AAII Stock Investor Pro http://www.aaii.com/ - money back = guarantee
 
But, I suggest that you use a great = tool=20 available at MSN Money Central - FOR FREE!!!!
 
Here's one of their pre-programmed = stock=20 searches - identifies momentum stocks....
take notice of the criteria.... =20
 
 
I just ran this screen, here are = the results:=20 APOL; ANFI; IOM; XRAY, ENR; JCOM; CMSB. We've had a lot of posts = covering XRAY=20 the past two days. 
 
Of course, there are other = pre-programmed screens=20 .... and you can design your own custom screens. All at no cost. Check them out at the = following=20 location:
 
http://moneycentral.msn.com/investor/research/welcome.asp=
 
Now that you have done the basics on = SIE, TRBS and=20 HIB.... what will you do next?
 
regards,
Gene
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 13:27:24 EDT --part1_14b.122d6432.2a85557c_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene: You are a good teacher. Charley --part1_14b.122d6432.2a85557c_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene: You are a good teacher. Charley --part1_14b.122d6432.2a85557c_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 13:14:09 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0122_01C23FA6.A57B2FB0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0123_01C23FA6.A57B2FB0" ------=_NextPart_001_0123_01C23FA6.A57B2FB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hello Gene, How does the industry groups with HGSI differ with DGO? And = why do you choose HSGI over DGO? thank you, David ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 12:05 PM Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Kris/Nancy, in answer to your questions 'how did you find these = stocks?' I use tools to do my 'leg work'. I routinely RS rank the 200 industries within HGSI (see site below). I then look at the top 10 industries ....=20 Mining-Gold-Silver number 1 (Avoid- Personal preference)=20 Health-HMO number 2 ... SIE came from here Oil/Gas Cdn - number 3 (Avoid- Personal preference)=20 Health Hospitals number 4 Banking - West number 5.... TRBS came from here Banking - Southeast number 6.... HIB came from here Banking - Northeast number 7 Food - number 8 Fin-Savings-Loan number 9 Banking - Midwest number 10=20 a) look at the stocks withing these industries ranked by RS. b) look for companies showing improving RS =20 c) look at charts to find a couple of candidates to do further study=20 The generation of a watchlist is relatively easy if you have the tools = to do it.... and if have established the minimum requirements that the = stocks must meet in order for you look at... There are many programs that will aid you in producing watchlists with = a click of a button or two: TC2000 http://www.tc2000.com/ - 30 day free trial=20 HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49=20 VectorVest http://www.vectorvest.com 5-week trial $9.95 DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee But, I suggest that you use a great tool available at MSN Money = Central - FOR FREE!!!! Here's one of their pre-programmed stock searches - identifies = momentum stocks.... take notice of the criteria.... =20 I just ran this screen, here are the results: APOL; ANFI; IOM; XRAY, = ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past two = days.=20 Of course, there are other pre-programmed screens .... and you can = design your own custom screens. All at no cost. Check them out at the = following location: http://moneycentral.msn.com/investor/research/welcome.asp Now that you have done the basics on SIE, TRBS and HIB.... what will = you do next? regards, Gene ------=_NextPart_001_0123_01C23FA6.A57B2FB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hello Gene, How does the industry = groups with HGSI=20 differ with DGO? And why do you choose HSGI over DGO? thank you,=20 David
----- Original Message -----
From:=20 Gene = Ricci
Sent: Friday, August 09, 2002 = 12:05=20 PM
Subject: [CANSLIM] Stocks for a = watchlist=20 - Kris/Nancy l

Kris/Nancy, in answer to your = questions 'how=20 did you find these stocks?'
 
I use tools to do my 'leg = work'.
 
I routinely RS rank the 200 = industries within=20 HGSI (see site below).
 
I then look at the top 10 industries = .... 
 
Mining-Gold-Silver number 1  = (Avoid-=20 Personal preference)
Health-HMO number 2 ... = SIE came from here
Oil/Gas Cdn - number 3  (Avoid- = Personal=20 preference)
Health Hospitals number = 4
Banking - West number 5.... = TRBS came from here
Banking - Southeast number 6.... = HIB came from here
Banking - Northeast number = 7
Food - number 8
Fin-Savings-Loan number = 9
Banking - Midwest number = 10 
 
a) look at the stocks withing = these=20 industries ranked by RS.
b) look for companies showing = improving=20 RS 
c) look at charts to find = a couple=20 of candidates to do further study
 
The generation of a watchlist is = relatively=20 easy if you have the tools to do it.... and=20 if have established the minimum requirements that the stocks = must=20 meet in order for you look at...
 
There are many programs that will = aid you in=20 producing watchlists with a click of a button or two:
 
TC2000 http://www.tc2000.com/ - 30 = day free=20 trial 
HGSI http://www.highgrowthstock.com/<= /A> -=20 60 day paid trial $49
VectorVest http://www.vectorvest.com 5-w= eek=20 trial $9.95
DailyGraphs Online http://www.dailygraphs.com -= 7 day=20 trial $19.95
AAII Stock Investor Pro http://www.aaii.com/ - money = back=20 guarantee
 
But, I suggest that you use a great = tool=20 available at MSN Money Central - FOR FREE!!!!
 
Here's one of their pre-programmed = stock=20 searches - identifies momentum stocks....
take notice of the = criteria.... =20
 
 
I just ran this screen, here are = the=20 results: APOL; ANFI; IOM; XRAY, ENR; JCOM; CMSB. We've had a lot of = posts=20 covering XRAY the past two days. 
 
Of course, there are other = pre-programmed screens=20 .... and you can design your own custom screens. All at no cost. Check them out at the = following=20 location:
 
http://moneycentral.msn.com/investor/research/welcome.asp=
 
Now that you have done the basics on = SIE, TRBS and=20 HIB.... what will you do next?
 
regards,
Gene
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 14:22:07 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0E7B_01C23FB0.243A26E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable David, I didn't choose one over the other, I use both.... HGSI provides = data that I can't get in spreadsheet format from DGO.... although it = 'ain't cheap... I feel that they compliment one another. DGO uses IBD data but has extremely limited and expensive tools to mine = their data ($1000 year with mining tools/data feed)! Much of their data = has to be extracted manually. HGSI uses Market Guide data and has great mining tools ($550 year with = data feed)!=20 HGSI has 200 industries and DGO 197 (last time I counted). Never been a = problem because of the differences. I'll send you their list offline. Gene | Hello Gene, How does the industry groups with HGSI differ with DGO? = And why do you choose HSGI over DGO? thank you, David ------=_NextPart_000_0E7B_01C23FB0.243A26E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
David, I didn't choose one over the = other,=20 I use both.... HGSI provides data that I can't get in spreadsheet = format=20 from DGO.... although it 'ain't cheap... I feel that they = compliment=20 one another.
 
DGO uses IBD data but has = extremely=20 limited and expensive tools to mine their data ($1000 year = with mining=20 tools/data feed)! Much of their data has to be extracted = manually.
 
HGSI uses Market Guide data and = has great=20 mining tools ($550 year with data feed)! 
 
HGSI has 200 industries and DGO 197 = (last time I=20 counted). Never been a problem because of the differences. I'll send you = their=20 list offline.
 
Gene
 
 
| Hello Gene, How does the industry = groups with=20 HGSI differ with DGO? And why do you choose HSGI over DGO? thank you,=20 David
 
------=_NextPart_000_0E7B_01C23FB0.243A26E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 14:31:05 -0500 Gene, Thanks for letting the group know about this. I am pretty excited by the screener, and will have to check it out in detail. It looks pretty powerful, and almost looks like you could set a lot of the CANSLIM criteria as far as EPS growth, etc. Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: Re: [CANSLIM] paper trading Date: 09 Aug 2002 12:56:06 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0006_01C23FA4.204D2BB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Daily Graphs Online has quarterly EPS and then shows the change from the = previous year, and I just checked Quotes Plus, and it does, too. Mike ----- Original Message -----=20 Sent: Friday, August 09, 2002 6:26 AM where can I find eps growth rates?=20 Mike Lucero wrote:=20 How many of the new people are paper trading? Using play money, try to = follow the rules for buying and selling. If you had been doing that for = a while you would probably see why it's not a good time to be buying = stocks. After your paper trading seems profitable, you could start with = real money, a small amount per position, and see what it feels like to = follow the system. It feels different with real money on the line, and = your feelings are what you have to overcome. How do you find buy candidates? Use a scanning program and find stocks = that have hit a 52 week high close. If you want to only buy = cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS = growth. Pretend (paper-trading, remember) that you buy the next day at = the open, buying with 10% of your play money portfolio. Keep track of = your trades in a spreadsheet. If your loss in a stock hits 7%, = pretend-sell.=20 There's more to CANSLIM than finding the stocks. You have to put money = on the line, control greed and fear, and try to follow what the market = is telling you.=20 Mike ------- Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs ------=_NextPart_000_0006_01C23FA4.204D2BB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Daily Graphs Online has quarterly EPS and then shows the change = from the=20 previous year, and I just checked Quotes Plus, and it does, too.
 
Mike
----- Original Message -----=20
From: Sol = Mayer
Sent: Friday, August 09, 2002 6:26 AM
Subject: Re: [CANSLIM] paper trading

where can I find eps growth rates?=20

 Mike Lucero wrote:=20

How many of the new people are paper trading? Using play = money, try=20 to follow the rules for buying and selling. If you had been doing that = for a=20 while you would probably see why it's not a good time to be buying = stocks.=20 After your paper trading seems profitable, you could start with real = money, a=20 small amount per position, and see what it feels like to follow the = system. It=20 feels different with real money on the line, and your feelings are = what you=20 have to overcome.
 
How do you find buy candidates? Use a scanning program and find = stocks=20 that have hit a 52 week high close. If you want to only buy = cup-with-handles,=20 then evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend=20 (paper-trading, remember) that you buy the next day at the open, = buying with=20 10% of your play money portfolio. Keep track of your trades in a = spreadsheet.=20 If your loss in a stock hits 7%, pretend-sell.
 
There's more to CANSLIM than finding the stocks. You have to put = money on=20 the line, control greed and fear, and try to follow what the market is = telling=20 you.
 
Mike


Do You Yahoo!?
= HotJobs,=20 a Yahoo! service - Search Thousands of New Jobs ------=_NextPart_000_0006_01C23FA4.204D2BB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 15:26:56 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0BE7_01C23FB9.327A9830 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0BE8_01C23FB9.327A9830" ------=_NextPart_001_0BE8_01C23FB9.327A9830 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, Would just like to add that all of the tools you've mentioned, including = the free stockscanners at Yahoo and MSN are included in the CANSLIM list = FAQ which I post monthly. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 12:05 PM Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Kris/Nancy, in answer to your questions 'how did you find these = stocks?' I use tools to do my 'leg work'. I routinely RS rank the 200 industries within HGSI (see site below). I then look at the top 10 industries ....=20 Mining-Gold-Silver number 1 (Avoid- Personal preference)=20 Health-HMO number 2 ... SIE came from here Oil/Gas Cdn - number 3 (Avoid- Personal preference)=20 Health Hospitals number 4 Banking - West number 5.... TRBS came from here Banking - Southeast number 6.... HIB came from here Banking - Northeast number 7 Food - number 8 Fin-Savings-Loan number 9 Banking - Midwest number 10=20 a) look at the stocks withing these industries ranked by RS. b) look for companies showing improving RS =20 c) look at charts to find a couple of candidates to do further study=20 The generation of a watchlist is relatively easy if you have the tools = to do it.... and if have established the minimum requirements that the = stocks must meet in order for you look at... There are many programs that will aid you in producing watchlists with = a click of a button or two: TC2000 http://www.tc2000.com/ - 30 day free trial=20 HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49=20 VectorVest http://www.vectorvest.com 5-week trial $9.95 DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee But, I suggest that you use a great tool available at MSN Money = Central - FOR FREE!!!! Here's one of their pre-programmed stock searches - identifies = momentum stocks.... take notice of the criteria.... =20 I just ran this screen, here are the results: APOL; ANFI; IOM; XRAY, = ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past two = days.=20 Of course, there are other pre-programmed screens .... and you can = design your own custom screens. All at no cost. Check them out at the = following location: http://moneycentral.msn.com/investor/research/welcome.asp Now that you have done the basics on SIE, TRBS and HIB.... what will = you do next? regards, Gene ------=_NextPart_001_0BE8_01C23FB9.327A9830 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene,
 
Would just like to add that all of the tools you've mentioned, = including=20 the free stockscanners at Yahoo and MSN are included in the CANSLIM list = FAQ=20 which I post monthly.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Friday, August 09, 2002 = 12:05=20 PM
Subject: [CANSLIM] Stocks for a = watchlist=20 - Kris/Nancy l

Kris/Nancy, in answer to your = questions 'how=20 did you find these stocks?'
 
I use tools to do my 'leg = work'.
 
I routinely RS rank the 200 = industries within=20 HGSI (see site below).
 
I then look at the top 10 industries = .... 
 
Mining-Gold-Silver number 1  = (Avoid-=20 Personal preference)
Health-HMO number 2 ... = SIE came from here
Oil/Gas Cdn - number 3  (Avoid- = Personal=20 preference)
Health Hospitals number = 4
Banking - West number 5.... = TRBS came from here
Banking - Southeast number 6.... = HIB came from here
Banking - Northeast number = 7
Food - number 8
Fin-Savings-Loan number = 9
Banking - Midwest number = 10 
 
a) look at the stocks withing = these=20 industries ranked by RS.
b) look for companies showing = improving=20 RS 
c) look at charts to find = a couple=20 of candidates to do further study
 
The generation of a watchlist is = relatively=20 easy if you have the tools to do it.... and=20 if have established the minimum requirements that the stocks = must=20 meet in order for you look at...
 
There are many programs that will = aid you in=20 producing watchlists with a click of a button or two:
 
TC2000 http://www.tc2000.com/ - 30 = day free=20 trial 
HGSI http://www.highgrowthstock.com/<= /A> -=20 60 day paid trial $49
VectorVest http://www.vectorvest.com 5-w= eek=20 trial $9.95
DailyGraphs Online http://www.dailygraphs.com -= 7 day=20 trial $19.95
AAII Stock Investor Pro http://www.aaii.com/ - money = back=20 guarantee
 
But, I suggest that you use a great = tool=20 available at MSN Money Central - FOR FREE!!!!
 
Here's one of their pre-programmed = stock=20 searches - identifies momentum stocks....
take notice of the = criteria.... =20
 
 
I just ran this screen, here are = the=20 results: APOL; ANFI; IOM; XRAY, ENR; JCOM; CMSB. We've had a lot of = posts=20 covering XRAY the past two days. 
 
Of course, there are other = pre-programmed screens=20 .... and you can design your own custom screens. All at no cost. Check them out at the = following=20 location:
 
http://moneycentral.msn.com/investor/research/welcome.asp=
 
Now that you have done the basics on = SIE, TRBS and=20 HIB.... what will you do next?
 
regards,
Gene
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 15:41:20 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0055_01C23FBB.35107360 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0056_01C23FBB.35107360" ------=_NextPart_001_0056_01C23FBB.35107360 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Do you ever sleep? -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 09, 2002 3:27 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Gene, Would just like to add that all of the tools you've mentioned, including the free stockscanners at Yahoo and MSN are included in the CANSLIM list FAQ which I post monthly. Katherine ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Friday, August 09, 2002 12:05 PM Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Kris/Nancy, in answer to your questions 'how did you find these stocks?' I use tools to do my 'leg work'. I routinely RS rank the 200 industries within HGSI (see site below). I then look at the top 10 industries .... Mining-Gold-Silver number 1 (Avoid- Personal preference) Health-HMO number 2 ... SIE came from here Oil/Gas Cdn - number 3 (Avoid- Personal preference) Health Hospitals number 4 Banking - West number 5.... TRBS came from here Banking - Southeast number 6.... HIB came from here Banking - Northeast number 7 Food - number 8 Fin-Savings-Loan number 9 Banking - Midwest number 10 a) look at the stocks withing these industries ranked by RS. b) look for companies showing improving RS c) look at charts to find a couple of candidates to do further study The generation of a watchlist is relatively easy if you have the tools to do it.... and if have established the minimum requirements that the stocks must meet in order for you look at... There are many programs that will aid you in producing watchlists with a click of a button or two: TC2000 http://www.tc2000.com/ - 30 day free trial HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49 VectorVest http://www.vectorvest.com 5-week trial $9.95 DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee But, I suggest that you use a great tool available at MSN Money Central - FOR FREE!!!! Here's one of their pre-programmed stock searches - identifies momentum stocks.... take notice of the criteria.... I just ran this screen, here are the results: APOL; ANFI; IOM; XRAY, ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past two days. Of course, there are other pre-programmed screens .... and you can design your own custom screens. All at no cost. Check them out at the following location: http://moneycentral.msn.com/investor/research/welcome.asp Now that you have done the basics on SIE, TRBS and HIB.... what will you do next? regards, Gene ------=_NextPart_001_0056_01C23FBB.35107360 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Do you=20 ever sleep?
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Friday, August 09, 2002 3:27 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Stocks for = a=20 watchlist - Kris/Nancy l

Gene,
 
Would just like to add that all of the tools you've mentioned, = including=20 the free stockscanners at Yahoo and MSN are included in the CANSLIM = list FAQ=20 which I post monthly.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Friday, August 09, 2002 = 12:05=20 PM
Subject: [CANSLIM] Stocks for = a=20 watchlist - Kris/Nancy l

Kris/Nancy, in answer to your = questions 'how=20 did you find these stocks?'
 
I use tools to do my 'leg=20 work'.
 
I routinely RS rank the 200 = industries=20 within HGSI (see site below).
 
I then look at the top 10 = industries=20 .... 
 
Mining-Gold-Silver number 1  = (Avoid-=20 Personal preference)
Health-HMO number 2 ... = SIE came from here
Oil/Gas Cdn - number 3  = (Avoid-=20 Personal preference)
Health Hospitals number = 4
Banking - West number 5.... = TRBS came from here
Banking - Southeast number 6....=20 HIB came from = here
Banking - Northeast number=20 7
Food - number 8
Fin-Savings-Loan number = 9
Banking - Midwest number=20 10 
 
a) look at the stocks withing = these=20 industries ranked by RS.
b) look for companies showing = improving=20 RS 
c) look at charts = to find a couple=20 of candidates to do further study
 
The generation of a watchlist is = relatively=20 easy if you have the tools to do it.... and if have established the minimum = requirements=20 that the stocks must meet in order for you look = at...
 
There are many programs that will = aid you in=20 producing watchlists with a click of a button or two:
 
TC2000 http://www.tc2000.com/ - 30 = day free=20 trial 
HGSI http://www.highgrowthstock.com/<= /A> -=20 60 day paid trial $49
VectorVest http://www.vectorvest.com 5-w= eek=20 trial $9.95
DailyGraphs Online http://www.dailygraphs.com -= 7=20 day trial $19.95
AAII Stock Investor Pro http://www.aaii.com/ - money = back=20 guarantee
 
But, I suggest that you use a = great tool=20 available at MSN Money Central - FOR FREE!!!!
 
Here's one of their pre-programmed = stock=20 searches - identifies momentum stocks....
take notice of the = criteria.... =20
 
 
I just ran this screen, here = are the=20 results: APOL; ANFI; IOM; XRAY, ENR; JCOM; CMSB. We've had a lot of = posts=20 covering XRAY the past two days. 
 
Of course, there are other = pre-programmed=20 screens .... and you can design your own custom screens. = All at no cost. Check them out at = the following=20 location:
 
http://moneycentral.msn.com/investor/research/welcome.asp=
 
Now that you have done the basics on = SIE, TRBS=20 and HIB.... what will you do next?
 
regards,
Gene
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 15:42:56 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0C09_01C23FBB.6E56C610 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0C0A_01C23FBB.6E56C610" ------=_NextPart_001_0C0A_01C23FBB.6E56C610 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Fred, Hah! Only when I doze off reading "Technical Analysis of Stock Trends" = by Edwards and Magee...a real sleeping pill. Katherine ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 3:41 PM Subject: RE: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Do you ever sleep? -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 09, 2002 3:27 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Gene, Would just like to add that all of the tools you've mentioned, = including the free stockscanners at Yahoo and MSN are included in the = CANSLIM list FAQ which I post monthly. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 12:05 PM Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Kris/Nancy, in answer to your questions 'how did you find these = stocks?' I use tools to do my 'leg work'. I routinely RS rank the 200 industries within HGSI (see site = below). I then look at the top 10 industries ....=20 Mining-Gold-Silver number 1 (Avoid- Personal preference)=20 Health-HMO number 2 ... SIE came from here Oil/Gas Cdn - number 3 (Avoid- Personal preference)=20 Health Hospitals number 4 Banking - West number 5.... TRBS came from here Banking - Southeast number 6.... HIB came from here Banking - Northeast number 7 Food - number 8 Fin-Savings-Loan number 9 Banking - Midwest number 10=20 a) look at the stocks withing these industries ranked by RS. b) look for companies showing improving RS =20 c) look at charts to find a couple of candidates to do further = study=20 The generation of a watchlist is relatively easy if you have the = tools to do it.... and if have established the minimum requirements that = the stocks must meet in order for you look at... There are many programs that will aid you in producing watchlists = with a click of a button or two: TC2000 http://www.tc2000.com/ - 30 day free trial=20 HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49=20 VectorVest http://www.vectorvest.com 5-week trial $9.95 DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 AAII Stock Investor Pro http://www.aaii.com/ - money back = guarantee But, I suggest that you use a great tool available at MSN Money = Central - FOR FREE!!!! Here's one of their pre-programmed stock searches - identifies = momentum stocks.... take notice of the criteria.... =20 I just ran this screen, here are the results: APOL; ANFI; IOM; = XRAY, ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past = two days.=20 Of course, there are other pre-programmed screens .... and you can = design your own custom screens. All at no cost. Check them out at the = following location: http://moneycentral.msn.com/investor/research/welcome.asp Now that you have done the basics on SIE, TRBS and HIB.... what = will you do next? regards, Gene ------=_NextPart_001_0C0A_01C23FBB.6E56C610 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Fred,
 
Hah! Only when I doze off reading "Technical Analysis of Stock = Trends" by=20 Edwards and Magee...a real sleeping pill. <g>
 
Katherine
----- Original Message -----
From:=20 Fred = Richards
Sent: Friday, August 09, 2002 = 3:41=20 PM
Subject: RE: [CANSLIM] Stocks = for a=20 watchlist - Kris/Nancy l

Do=20 you ever sleep?
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Friday, August 09, 2002 3:27 PM
To: = canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy = l

Gene,
 
Would just like to add that all of the tools you've mentioned,=20 including the free stockscanners at Yahoo and MSN are included in = the=20 CANSLIM list FAQ which I post monthly.
 
Katherine
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Friday, August 09, = 2002 12:05=20 PM
Subject: [CANSLIM] Stocks = for a=20 watchlist - Kris/Nancy l

Kris/Nancy, in answer to your = questions=20 'how did you find these stocks?'
 
I use tools to do my 'leg=20 work'.
 
I routinely RS rank the 200 = industries=20 within HGSI (see site below).
 
I then look at the top 10 = industries=20 .... 
 
Mining-Gold-Silver number = 1  (Avoid-=20 Personal preference)
Health-HMO number 2 ... = SIE came from here
Oil/Gas Cdn - number 3  = (Avoid-=20 Personal preference)
Health Hospitals number = 4
Banking - West number 5.... = TRBS came from here
Banking - Southeast number 6.... = HIB came from=20 here
Banking - Northeast number=20 7
Food - number 8
Fin-Savings-Loan number = 9
Banking - Midwest number=20 10 
 
a) look at the stocks = withing these=20 industries ranked by RS.
b) look for companies showing = improving=20 RS 
c) look at charts = to find a=20 couple of candidates to do further study
 
The generation of a watchlist is = relatively easy if you have the tools to do it.... and if have established the minimum = requirements=20 that the stocks must meet in order for you look=20 at...
 
There are many programs that = will aid you=20 in producing watchlists with a click of a button or = two:
 
TC2000 http://www.tc2000.com/ - = 30 day=20 free trial 
HGSI http://www.highgrowthstock.com/<= /A> -=20 60 day paid trial $49
VectorVest http://www.vectorvest.com 5-w= eek=20 trial $9.95
DailyGraphs Online http://www.dailygraphs.com -= 7=20 day trial $19.95
AAII Stock Investor Pro http://www.aaii.com/ - = money back=20 guarantee
 
But, I suggest that you use a = great tool=20 available at MSN Money Central - FOR FREE!!!!
 
Here's one of their = pre-programmed stock=20 searches - identifies momentum stocks....
take notice of the = criteria.... =20
 
 
I just ran this screen, here = are the=20 results: APOL; ANFI; IOM; XRAY, ENR; JCOM; CMSB. We've had a lot = of posts=20 covering XRAY the past two days. 
 
Of course, there are other = pre-programmed=20 screens .... and you can design your own custom screens.=20 All at no cost. Check them out at = the=20 following location:
 
http://moneycentral.msn.com/investor/research/welcome.asp=
 
Now that you have done the basics = on SIE, TRBS=20 and HIB.... what will you do next?
 
regards,
Gene
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] ENR Date: 09 Aug 2002 16:04:49 -0500 So, Is this stock going to form a V shaped cup without a handle? It has been a top mover on IBD quite a bit over the last week and a half. I am really thinking hard about this one, since it seems like M might be turning..... The group gets a poor D rating, but other ratings are high. Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] Financial Reporting Date: 09 Aug 2002 17:05:41 EDT --part1_d2.1c478c0e.2a8588a5_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I heard part of a Rob Black interview of the Vice Chairman of NASDAQ today. The Chairman was explaining new financial reporting by companies due out soon via the Internet. Apparently, for a fee, you could download an Excel Spreadsheet on every reporting public company and chase down the smallest detail. Sorry I didn't hear more so I was wondering if anyone was up to speed on the subject? Sound terrific. Charley --part1_d2.1c478c0e.2a8588a5_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I heard part of a Rob Black interview of the Vice Chairman of NASDAQ today. The Chairman was explaining new financial reporting by companies due out soon via the Internet. Apparently, for a fee, you could download an Excel Spreadsheet on every reporting public company and chase down the smallest detail.
Sorry I didn't hear more so I was wondering if anyone was up to speed on the subject? Sound terrific. Charley --part1_d2.1c478c0e.2a8588a5_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] ENR Date: 09 Aug 2002 17:26:17 EDT --part1_151.122ff455.2a858d79_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: First off, I think you should take a second look at the group RS. I see A+. I am not sure WON would approve of the c/h because of the V bottom and the three day handle. But it is certainly showing power over the past two weeks. It has definitely broke out but I just don't know if it has staying power. I'll bet I have looked at six or seven charts that look like this one. Companies who have experienced nice ascending bases 6 months or more, and were then pulled down sharply by the market sell off in July. I am no expert but they all seem to be trying to regain the position they would have had if the July down draft had not sucked the under. Notice that you can draw a straight line over the base and it will just meet the current price. If this interpretation is correct then it seems to me the future of the stock is one that line, at least for the short term. Charley --part1_151.122ff455.2a858d79_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: First off, I think you should take a second look at the group RS. I see A+.

I am not sure WON would approve of the c/h because of the V bottom and the three day handle. But it is certainly showing power over the past two weeks. It has definitely broke out but I just don't know if it has staying power.

I'll bet I have looked at six or seven charts that look like this one. Companies who have experienced nice ascending bases 6 months or more, and were then pulled down sharply by the market sell off in July. I am no expert but they all seem to be trying to regain the position they would have had if the July down draft had not sucked the under. Notice that you can draw a straight line over the base and it will just meet the current price. If this interpretation is correct then it seems to me the future of the stock is one that line, at least for the short term.

Charley --part1_151.122ff455.2a858d79_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KrisFg@aol.com Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 17:38:51 EDT --part1_45.1b7c6288.2a85906b_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine I'm puzzled by your remark. Are you ??????? because someone is trying to help me? Kris --part1_45.1b7c6288.2a85906b_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine I'm puzzled by your remark. Are you ??????? because someone is trying to help me?

Kris --part1_45.1b7c6288.2a85906b_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 16:49:02 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0C2E_01C23FC4.AA211570 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kris, I believe that you are once again reading something into a post that was = not intended and are attempting to create friction when unwarranted. As = it so happens, Gene and I are very good friends and collaborators in = *real* life. I think that you will find that I am the first person to offer = assistance when someone is groping for direction both online and off. My = post was an attempt to remind people that there are many resources that = you can use, both here via the posts of helpful members such as Gene, on = the internet, and in paid subscription tools. Mentioning the FAQ was = simply a reminder that there is a reference to the tools Gene mentioned = and to others. Unfortunately, despite the FAQ being posting relatively = frequently, people don't always see it, read it, and/or save it. A level head and objective point of view when reading all posts will do = wonders to the amount of information you can glean from them. Katherine ----- Original Message -----=20 From: KrisFg@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 4:38 PM Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Katherine I'm puzzled by your remark. Are you ??????? because someone = is trying to help me? Kris=20 ------=_NextPart_000_0C2E_01C23FC4.AA211570 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kris,
 
I believe that you are once again reading something into a post = that was=20 not intended and are attempting to create friction when unwarranted. As = it so=20 happens, Gene and I are very good friends and collaborators in *real*=20 life.
 
 I think that you will find that I am the first person to = offer=20 assistance when someone is groping for direction both online and off. My = post=20 was an attempt to remind people that there are many resources that you = can use,=20 both here via the posts of helpful members such as Gene, on the = internet, and in=20 paid subscription tools. Mentioning the FAQ was simply a reminder that = there is=20 a reference to the tools Gene mentioned and to others. Unfortunately, = despite=20 the FAQ being posting relatively frequently, people don't always see it, = read=20 it,  and/or save it.
 
A level head and objective point of view when reading all posts = will do=20 wonders to the amount of information you can glean from them.
 
Katherine
 
 
----- Original Message -----
From:=20 KrisFg@aol.com
Sent: Friday, August 09, 2002 = 4:38=20 PM
Subject: Re: [CANSLIM] Stocks = for a=20 watchlist - Kris/Nancy l

Katherine I'm puzzled by your remark. Are you = ???????=20 because someone is trying to help me?

Kris=20 ------=_NextPart_000_0C2E_01C23FC4.AA211570-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: [CANSLIM] Off Topc: Mark Boucher Date: 09 Aug 2002 20:25:42 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0020_01C23FE2.EED88040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'm in the middle of reading a book recommended here a while ago by the = above author ("The Hedge Fund Edge"). Apparently he published (or = publishes) a newsletter called "Portfolio Strategy Letter". I've done a = web search for it and can't find anything. It appears that it no longer = exists. Can anyone confirm this? Thanks. Jon ------=_NextPart_000_0020_01C23FE2.EED88040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'm in the middle of reading a book = recommended=20 here a while ago by the above author ("The Hedge Fund Edge"). Apparently = he=20 published (or publishes) a newsletter called "Portfolio Strategy = Letter". I've=20 done a web search for it and can't find anything. It appears that it no = longer=20 exists. Can anyone confirm this? Thanks.
 
Jon
------=_NextPart_000_0020_01C23FE2.EED88040-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Off Topc: Mark Boucher Date: 09 Aug 2002 18:30:00 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_001C_01C23FD2.C58FE8A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit go to http://www.investmentresearchassociates.com/ if you e-mail them they will e-mail you a current copy in PDF -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Friday, August 09, 2002 6:26 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Off Topc: Mark Boucher I'm in the middle of reading a book recommended here a while ago by the above author ("The Hedge Fund Edge"). Apparently he published (or publishes) a newsletter called "Portfolio Strategy Letter". I've done a web search for it and can't find anything. It appears that it no longer exists. Can anyone confirm this? Thanks. Jon ------=_NextPart_000_001C_01C23FD2.C58FE8A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
go to=20 http://www.investme= ntresearchassociates.com/ =20 if you e-mail them they will e-mail you a current  copy = in=20 PDF
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J.=20 Lobatto
Sent: Friday, August 09, 2002 6:26 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Off Topc: Mark = Boucher

I'm in the middle of reading a book = recommended=20 here a while ago by the above author ("The Hedge Fund Edge"). = Apparently he=20 published (or publishes) a newsletter called "Portfolio Strategy = Letter". I've=20 done a web search for it and can't find anything. It appears that it = no longer=20 exists. Can anyone confirm this? Thanks.
 
Jon
------=_NextPart_000_001C_01C23FD2.C58FE8A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] HTMMIS Oath Date: 09 Aug 2002 17:39:48 -0700 Winston-this is Nancy-I have been gone so I hope this post is still related. YOU ARE ABSOLUTELY RIGHT in your view of my request. I would learn nothing by people saying buy this or buy that. I can get a stock broker to lose my money for me that way( and did as a matter of fact.) You, I think have worded it better then myself. REAL TIME! For example- It caught my eye because of this-I scanned it using this-The chart did this today and that might mean this, lets see what happens in a day or week as we follow it. I think that would help me so much. If you would consider working like that with me I would love it and would welcome every one else's input also. I don't even care if the stock is on anyone's watch list. I can learn just as much from following any stock(It just may not be a Canslim stock grade wise, ect.) but if you don't mind I would be very grateful. Gene is also trying to help by leading us through the process. At least I think he is going to allow me to participate but have not had a chance to read all my emails yet. If not I will do the work anyway. Please let me know what you think. Thank You Nancy P.S. Maybe we could follow one of the stocks that Gene recommended. I hope it would not take to much time daily once we start to look at the cahrts. >From: "Winston Little" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] HTMMIS Oath >Date: Thu, 8 Aug 2002 13:41:37 -0400 > >MessageKatherine: >You are correct on the path of the discussion. >It has taken several twists, and turns. >The purpose of my note was not in reference to your weekly list. > >The cases studies presented in the O'Neil books and IBD Investors Corner >are compiled with the benefit of 100% of hindsight on what the correct >assessment and decisions should have been. >As I read the notes with "requests for help", my understanding of them is >that people were asking for discussion of a current case where the outcome >is still unknown, and the requester could PARTICIPATE in the discussion and >track the outcome. >Discussion and analysis of current cases also may also be more meaningful >and interesting, as the tone and speed of the market moves has changed from >those presented in the books and IBD Investors Corner, since there is no >hindsight available. > >At times some of the requests loosely used the term "lists of stocks" or >"list of potential candidates", which has lead to objections or >rejections. >My recollection of the posts were that some respondents interpreted the >requests as the requester asking for the analysis work to be done by >someone else. >My belief is that was not the goal of the people asking for the help. > >My intent was NOT to in any way imply that you were saying: "that I was >implying that I didn't want to "do the work for others". >The purpose of this note and my previous ones were not to advocate the >keeping of any lists other than the ones that each person chose to develop. >Instead it was to try to allow anyone to identify a stock, give some >technical and fundamental information about it and then and only then ASK a >specific question on some aspect of the situation as it related to CANSLIM, >and then to PARTICIPATE in any resulting discussion. > >I hope that this clarifies the status, and again my intent was not to >offend you in any way, or to imply that you were unwilling to assist >anyone. > > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Thursday, August 08, 2002 12:31 PM > Subject: Re: [CANSLIM] HTMMIS Oath > > > Winston, > > I'm a little confused now....maybe it's because the thread became so >convoluted. Are you saying that I was implying that I didn't want to "do >the work for others" when I said that I did not want to post a weekly list? >If so, that was never my intent. My original comment was simply that *any* >list is a "crutch" (including those generated by the IBD) because it >doesn't allow the user to find a personal path to creating their own list >of candidates. The problem is not with having a list, the problem is with >having *too many* lists and no means to sift through them in a meaningful >way. > > For me personally, I knew that my mining methods were working well when >I was already stalking trades *before* the stocks were highlighted in the >IBD. The process of arriving at that particular mining method gave me an >expanded understanding and confidence in the CANSLIM discipline. As Robert >E stated so eloquently earlier today in his oh-so-Zen post.....the trip is >the destination. > > Katherine > ----- Original Message ----- > From: Winston Little > To: canslim@lists.xmission.com > Sent: Thursday, August 08, 2002 10:57 AM > Subject: Re: [CANSLIM] HTMMIS Oath > > > Duke: > > We believe that Martha Stewart (not McCallum) will be available to >administer the oath for you. > > My perception from watching the correspondence on the subject is that >most if not all supplicants have read one or more of the books and were >seeking some forum for tracking a case while it was live. > > The O'Neil books and IBD are filled with after the fact case studies and >Monday morning quarterbacking.These are helpful, and the WebLink feature >has served to improve the status with cases more current. > Unfortunately, I believe that several people have read the requests as >people asking for others to do the work for the requesters rather than for >help with more current cases. > > > > > > ----- Original Message ----- > From: Duke Miller > To: canslim@lists.xmission.com > Sent: Thursday, August 08, 2002 11:34 AM > Subject: [CANSLIM] HTMMIS Oath > > > Charley, you the man! > > And Jeff, if you're listening, how's this for a "what-if"? Just as >CEO's are signing off on their companies' earnings, what if new members >sign off on having read at least one of O'Neil's books? A simple statement >would do: > > "It is understood by all of the present members that you (as a new >member) are versed in the CANSLIM methodology and that you have read at >least one of WON's books." > > I don't make this suggestion lightly, Jeff: I'll volunteer to appear >before the cameras on CNBC as the first member to sign this oath! >(Provided, of course, Maria B. does the interview!) > > Duke > -----Original Message----- > From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com > Sent: Wednesday, August 07, 2002 7:16 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes > > > Kris: There certainly nothing wrong with lurking, but may I offer a >suggestion? You have not said if you have read O'Neil's two books How to >Make Money in Stocks and 24 Essential Lessons for Investment Success. This >is how most of us got started. The problem I had after I read the books was >that there was no place to go to ask questions. This forum fills that need. >I have found that most participants are willing to share their knowledge. > Good Luck Charley _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Off Topc: Mark Boucher Date: 09 Aug 2002 19:53:25 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0C5A_01C23FDE.6C4D73A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jon, Contact info@longboatglobal.com and Mark's assistant will give you info = about the newsletter. Katherine ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 7:25 PM Subject: [CANSLIM] Off Topc: Mark Boucher I'm in the middle of reading a book recommended here a while ago by = the above author ("The Hedge Fund Edge"). Apparently he published (or = publishes) a newsletter called "Portfolio Strategy Letter". I've done a = web search for it and can't find anything. It appears that it no longer = exists. Can anyone confirm this? Thanks. Jon ------=_NextPart_000_0C5A_01C23FDE.6C4D73A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jon,
 
Contact info@longboatglobal.com = and=20 Mark's assistant will give you info about the newsletter.

Katherine
----- Original Message -----
From:=20 J. = Lobatto=20
Sent: Friday, August 09, 2002 = 7:25=20 PM
Subject: [CANSLIM] Off Topc: = Mark=20 Boucher

I'm in the middle of reading a book = recommended=20 here a while ago by the above author ("The Hedge Fund Edge"). = Apparently he=20 published (or publishes) a newsletter called "Portfolio Strategy = Letter". I've=20 done a web search for it and can't find anything. It appears that it = no longer=20 exists. Can anyone confirm this? Thanks.
 
Jon
------=_NextPart_000_0C5A_01C23FDE.6C4D73A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Mean Spirited Posts Date: 09 Aug 2002 20:39:18 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_021E_01C23FE4.D56ED8A0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_021F_01C23FE4.D56ED8A0" ------=_NextPart_001_021F_01C23FE4.D56ED8A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, thanks for not throwing up your hands and giving up on us. Gene ------=_NextPart_001_021F_01C23FE4.D56ED8A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine, thanks for not throwing up your hands and = giving up on=20 us.
 
 
3D""
 
 
Gene
 
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] Patterson Dental PDCO Date: 09 Aug 2002 21:33:12 EDT --part1_130.1299ace4.2a85c758_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY we found one of their competitors, PDCO, which appears to be building the right side of a cup. I quickly put together a one page overview of the basic fundamentals/technicals and sent it to the members of my investment club. I know several club members will give it a review and respond within a few days. If you would like a copy of my summary report, let me know and I will send it to you off line. I am reluctant to post the report since I do not wish to be accused of recommending a stock to the public at large. Charley --part1_130.1299ace4.2a85c758_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY we found one of their competitors, PDCO, which appears to be building the right side of a cup. I quickly put together a one page overview of the basic fundamentals/technicals and sent it to the members of my investment club. I know several club members will give it a review and respond within a few days. If you would like a copy of my summary report, let me know and I will send it to you off line.
I am reluctant to post the report since I do not wish to be accused of recommending a stock to the public at large.
Charley --part1_130.1299ace4.2a85c758_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Mean Spirited Posts Date: 09 Aug 2002 21:38:23 EDT --part1_114.15659e5f.2a85c88f_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene: You are not only a mentor, but a gentleman. How can anyone top that? Charley --part1_114.15659e5f.2a85c88f_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gene: You are not only a mentor, but a gentleman. How can anyone top that? Charley --part1_114.15659e5f.2a85c88f_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 09 Aug 2002 21:44:33 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0027_01C23FED.F3016870 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0028_01C23FED.F3016870" ------=_NextPart_001_0028_01C23FED.F3016870 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, I am only starting to catch up with today's emails (while still = doing my day job that started at 6 AM, my apology to the group for not = adding anything lately, but all of you are doing fabulous without me!!). = I just wanted to add my thanks and congrats for a great post, with lots = of resources. I personally intend to try and make time this weekend when = not working to check out the msn site. ----- Original Message -----=20 Sent: Friday, August 09, 2002 1:05 PM Kris/Nancy, in answer to your questions 'how did you find these stocks?' I use tools to do my 'leg work'. I routinely RS rank the 200 industries within HGSI (see site below). I then look at the top 10 industries ....=20 Mining-Gold-Silver number 1 (Avoid- Personal preference)=20 Health-HMO number 2 ... SIE came from here Oil/Gas Cdn - number 3 (Avoid- Personal preference)=20 Health Hospitals number 4 Banking - West number 5.... TRBS came from here Banking - Southeast number 6.... HIB came from here Banking - Northeast number 7 Food - number 8 Fin-Savings-Loan number 9 Banking - Midwest number 10=20 a) look at the stocks withing these industries ranked by RS. b) look for companies showing improving RS =20 c) look at charts to find a couple of candidates to do further study=20 The generation of a watchlist is relatively easy if you have the tools = to do it.... and if have established the minimum requirements that the = stocks must meet in order for you look at... There are many programs that will aid you in producing watchlists with a = click of a button or two: TC2000 http://www.tc2000.com/ - 30 day free trial=20 HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49=20 VectorVest http://www.vectorvest.com 5-week trial $9.95 DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee But, I suggest that you use a great tool available at MSN Money Central = - FOR FREE!!!! Here's one of their pre-programmed stock searches - identifies momentum = stocks.... take notice of the criteria.... =20 I just ran this screen, here are the results: APOL; ANFI; IOM; XRAY, = ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past two = days.=20 Of course, there are other pre-programmed screens .... and you can = design your own custom screens. All at no cost. Check them out at the = following location: http://moneycentral.msn.com/investor/research/welcome.asp Now that you have done the basics on SIE, TRBS and HIB.... what will you = do next? regards, Gene ------=_NextPart_001_0028_01C23FED.F3016870 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene, I am only starting to catch up with = today's emails=20 (while still doing my day job that started at 6 AM, my apology to the = group for=20 not adding anything lately, but all of you are doing fabulous without = me!!). I=20 just wanted to add my thanks and congrats for a great post, with lots of = resources. I personally intend to try and make time this weekend when = not=20 working to check out the msn site.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Friday, August 09, 2002 1:05 PM
Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy = l

Kris/Nancy, in answer to your = questions 'how did=20 you find these stocks?'
 
I use tools to do my 'leg = work'.
 
I routinely RS rank the 200 industries = within=20 HGSI (see site below).
 
I then look at the top 10 industries=20 .... 
 
Mining-Gold-Silver number 1  = (Avoid-=20 Personal preference)
Health-HMO number 2 ... SIE came from here
Oil/Gas Cdn - number 3  (Avoid- = Personal=20 preference)
Health Hospitals number 4
Banking - West number 5.... = TRBS came from here
Banking - Southeast number 6.... = HIB came from here
Banking - Northeast number = 7
Food - number 8
Fin-Savings-Loan number 9
Banking - Midwest number = 10 
 
a) look at the stocks withing = these=20 industries ranked by RS.
b) look for companies showing = improving RS =20
c) look at charts to find a = couple of=20 candidates to do further study
 
The generation of a watchlist is = relatively easy=20 if you have the tools to do it.... and if have=20 established the minimum requirements that the stocks must meet = in=20 order for you look at...
 
There are many programs that will aid = you in=20 producing watchlists with a click of a button or two:
 
TC2000 http://www.tc2000.com/ - 30 day = free=20 trial 
HGSI http://www.highgrowthstock.com/<= /A> -=20 60 day paid trial $49
VectorVest http://www.vectorvest.com 5-w= eek trial=20 $9.95
DailyGraphs Online http://www.dailygraphs.com -= 7 day=20 trial $19.95
AAII Stock Investor Pro http://www.aaii.com/ - money back = guarantee
 
But, I suggest that you use a great = tool=20 available at MSN Money Central - FOR FREE!!!!
 
Here's one of their pre-programmed = stock=20 searches - identifies momentum stocks....
take notice of the criteria.... =20
 
 
I just ran this screen, here are = the results:=20 APOL; ANFI; IOM; XRAY, ENR; JCOM; CMSB. We've had a lot of posts = covering XRAY=20 the past two days. 
 
Of course, there are other = pre-programmed screens=20 .... and you can design your own custom screens. All at no cost. Check them out at the = following=20 location:
 
http://moneycentral.msn.com/investor/research/welcome.asp=
 
Now that you have done the basics on = SIE, TRBS and=20 HIB.... what will you do next?
 
regards,
Gene
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] paper trading Date: 09 Aug 2002 22:02:55 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0040_01C23FF0.83BA49C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable remember that DGO's earnings per share by quarter have been adjusted to = back out any non-recurring effects, or discontinued operations impact. I = believe QP uses the reported net, which includes these items, or may = only exclude those that the company specifically reported as separate = items. Also remember that DGO shows their adjusted figure for the last year of = earnings, but uses First Call for the forecasts (which doesn't back out = these items necessarily). So comparing current or future year forecasts = to last year's results is an apples and oranges scenario. ----- Original Message -----=20 Sent: Friday, August 09, 2002 3:56 PM Daily Graphs Online has quarterly EPS and then shows the change from the = previous year, and I just checked Quotes Plus, and it does, too. Mike ----- Original Message -----=20 Sent: Friday, August 09, 2002 6:26 AM where can I find eps growth rates?=20 Mike Lucero wrote:=20 How many of the new people are paper trading? Using play money, try to = follow the rules for buying and selling. If you had been doing that for = a while you would probably see why it's not a good time to be buying = stocks. After your paper trading seems profitable, you could start with = real money, a small amount per position, and see what it feels like to = follow the system. It feels different with real money on the line, and = your feelings are what you have to overcome. How do you find buy candidates? Use a scanning program and find stocks = that have hit a 52 week high close. If you want to only buy = cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS = growth. Pretend (paper-trading, remember) that you buy the next day at = the open, buying with 10% of your play money portfolio. Keep track of = your trades in a spreadsheet. If your loss in a stock hits 7%, = pretend-sell.=20 There's more to CANSLIM than finding the stocks. You have to put money = on the line, control greed and fear, and try to follow what the market = is telling you.=20 Mike ------- Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs=20 ------=_NextPart_000_0040_01C23FF0.83BA49C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
remember that DGO's earnings per share by=20 quarter have been adjusted to back out any non-recurring effects, = or=20 discontinued operations impact. I believe QP uses the reported net, = which=20 includes these items, or may only exclude those that the company = specifically=20 reported as separate items.
 
Also remember that DGO shows their adjusted = figure for the=20 last year of earnings, but uses First Call for the forecasts (which = doesn't back=20 out these items necessarily). So comparing current or future year = forecasts to=20 last year's results is an apples and oranges scenario.
 
----- Original Message -----=20
From: Mike = Lucero=20
Sent: Friday, August 09, 2002 3:56 PM
Subject: Re: [CANSLIM] paper trading

Daily Graphs Online has quarterly EPS and then shows the change = from the=20 previous year, and I just checked Quotes Plus, and it does, too.
 
Mike
----- Original Message -----=20
From: Sol = Mayer
Sent: Friday, August 09, 2002 6:26 AM
Subject: Re: [CANSLIM] paper trading

where can I find eps growth rates?=20

 Mike Lucero wrote:=20

How many of the new people are paper trading? Using play = money, try=20 to follow the rules for buying and selling. If you had been doing that = for a=20 while you would probably see why it's not a good time to be buying = stocks.=20 After your paper trading seems profitable, you could start with real = money, a=20 small amount per position, and see what it feels like to follow the = system. It=20 feels different with real money on the line, and your feelings are = what you=20 have to overcome.
 
How do you find buy candidates? Use a scanning program and find = stocks=20 that have hit a 52 week high close. If you want to only buy = cup-with-handles,=20 then evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend=20 (paper-trading, remember) that you buy the next day at the open, = buying with=20 10% of your play money portfolio. Keep track of your trades in a = spreadsheet.=20 If your loss in a stock hits 7%, pretend-sell.
 
There's more to CANSLIM than finding the stocks. You have to put = money on=20 the line, control greed and fear, and try to follow what the market is = telling=20 you.
 
Mike


Do You Yahoo!?
= HotJobs,=20 a Yahoo! service - Search Thousands of New Jobs ------=_NextPart_000_0040_01C23FF0.83BA49C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 10 Aug 2002 00:49:52 -0400 --============_-1183167462==_============ Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable That is a good point, Duke. Don't use simple language if a more complicated expression, that adds value to the information, can be found. I thought you spoke about XRAY when you said, "cr=E8me de la cr=E8me!" and I would have liked that you explain what - actually that is not the right word because superlative means everything - why it is superlative. Now I am not sure. Did you say Mike belongs to the highest social class? > From: "Duke Miller" > To: > Date: Thu, 8 Aug 2002 23:07:35 -0400 > > Hermann: > > 1. Something superlative. > 2. People of the highest social level. > > [French : cr=E8me, cream + de, of + la, the + cr=E8me, cream.] > > > ------------------------------------------------------------------------ > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl > Sent: Thursday, August 08, 2002 9:20 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Current Case Study - XRAY > > > cr=E8me de la cr=E8me - would you please elaborate. > > > > > From: "Duke Miller" > > To: > > Date: Thu, 8 Aug 2002 16:25:32 -0400 > > > > e Mike: When it comes to submitting stocks for > > consideration, this has got to be, beyond a doubt, the cr=E8me de la > > cr=E8me! > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons > > Sent: Thursday, August 08, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Current Case Study - XRAY > > > > In view of the interest in current cases rather than 20-20 > > hindsight, and discussions to aid the learning process, I offer > > XRAY as an example, which broke out today from a CwH pattern with > > short handle Firstly, let me add the disclaimer that I'm a > > programmer who was introduced to CANSLIM as a development project, > > and I'm 1 year into the 3 yr learning curve, so further comment > > by the "experts" is welcomed to improve my own > > understanding. Firstly the fundamentals which are very strong, > > with the exception that Institutional Ownership is already quite > > high. There are differing views on what the level should be, but > > somewhere less than 30% would be better. Additional DD would be > > required to determine why pre-tax profit margins are decreasing > > and if that is cause for concern. (This information is drawn from > > yahoo/multex not IBD) > > C Current Earnings > Earnings per share > > growth of at least 25% in the most recent quarter > > > > > > > Most recent quarter year on year growth. (Published > > financial data). > > > > 35.00 % > Latest three quarters of sales > > growth should be a minimum of 25% > Average > > year on year growth for last 3 quarters. (Published > > financial data). 51.00 % > Sales growth > > should be accelerating. > Difference in year > > on year growth rates over last 3 quarters. (Published > > financial data). 23.00 A Strong > > Annual Earnings Growth Annual earnings growth > > for the last three years of 25% or greater 3 > > year compound EPS growth rate. (Published financial > > data). 53.00 % Return on equity should be > > at least 17% Published financial data. > > 21.00 % Pretax profit margins should > > be increasing Profit Margin for most recent > > quarter minus profit margin 1 year ago. (Published > > financial data). -1.00 size=3D2>N > > > New Products, Services or Leadership > If a > > company has a dynamic new product or service, or is > > capitalizing on new conditions in the economy, this can > > have a dramatic impact on the price of a stock. Buy stocks just as > > they emerge from a sound "base" pattern and make new price > > highs. Not Known > > size=3D2>S Supply and Demand Watch the > > demand for shares by looking at the percentage change in > > volume for each of your stocks. Analyze a stock's daily and > > weekly price and volume changes. The up/down volume > > ratio measures the ratio of accumulation days to > > distribution days over the last 50 days. > > 0.90 L Leading Stocks in Leading Industry > > Groups Nearly 50% of a stock's price action > > is a result of its industry group's performance. Focus on > > the top industry groups, and within those groups select > > stocks with the best price performance. > > Multex Industry Rank ( 0 - 99 ) > > (26 week relative performance). > > 90 > > > > Multex Rank within Industry ( 0 - 99 ). Provided for > > informational purposes only. > > (4 week relative performance) > > > > 22 > The stock's Relative Price Strength > > Rating should be in the 80s or 90s > We > > calculate RS daily by ranking all NYSE, AMEX and NASDAQ > > stocks. Our RS algorithm is described here. It correlates > > well with IBD's. Value. Score pro-rated in range > > 60-79. 83 I Institutional > > Sponsorship You want at least a few of the > > better performing mutual funds owning the stock. They're > > the ones who will drive the stock up on a sustained > > basis. Institutional Ownership. Value in range 5 > > - 30% needed to score 1. 79.00 > > % No. of Institutions. Provided for > > informational purposes only. 568 > > size=3D2>M > Market Direction > You can > > buy the best stocks, but if the general market is weak, > > most likely your stocks will be weak also. > > Because Market Direction is not specific to any one > > particular stock, we do not evaluate it on a per stock > > basis. Look at the chart below. Note that the handle > > is only 3 days long. This is normally insufficient to have shaken > > out the potential sellers and WON recommends that a handle should > > be at least 1-2 weeks long, otherwise a breakout is prone to > > failure. Also the volume in the handle has not dried up. This is > > often the case in the early days of handle formation and we would > > like to see the volume decrease below the ADV and the price wedge > > downwards as the handle progresses. Look at the volume coming > > up the right side of the cup - consistently above the 50 ADV > > accompanied by big price positive price movements, with only two > > days when the stock closed slightly down. It would have been > > better if the volume had been below the ADV on those days, in > > which case the stock would have earned a higher CQ (Chart > > Quality) score. > > > > Note the RS line. This is quite high at 83, but has advanced > > only slightly over the last few days despite significant price > > gains in this stock. This indicates that other stocks are doing > > at least as well. The 50 day up/down volume is at 0.90. > > Values less than 1 mean that the down volume days exceed the up volume > > > days. However, the trend of the line is upwards, which is a > > positive sign. I'll go out on a limb and say my guess > > is that todays breakout will not be sustained (although its > > holding now - just) and it will continue to form a > > handle. I conclude that this is one to watch but not to > > buy right now. Aloha, Mike Gibbons > > Proactive Technologies, LLC http://www.proactech.com size=3D2> > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 09 Aug 2002 22:03:57 -0700 (PDT) Hermann he just meant this is a very good format of presenting the stock. This is just an expression and don't need to be dissected to the finest detail. - Fanus --- Hermann Ertl wrote: > That is a good point, Duke. Don't use simple > language if a more > complicated expression, that adds value to the > information, > can be found. > > I thought you spoke about XRAY when you said, "crème > de la crème!" > and I would have liked that you explain what - > actually that is > not the right word because superlative means > everything - why it > is superlative. > > Now I am not sure. Did you say Mike belongs to the > highest > social class? > > > > > > > > From: "Duke Miller" > > To: > > Date: Thu, 8 Aug 2002 23:07:35 -0400 > > > > Hermann: > > > > 1. Something superlative. > > 2. People of the highest social level. > > > > [French : crème, cream + de, of + la, the + crème, > cream.] > > > > > > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On > Behalf Of Hermann Ertl > > Sent: Thursday, August 08, 2002 9:20 PM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Current Case Study - XRAY > > > > > > crème de la crème - would you please elaborate. > > > > > > > > > From: "Duke Miller" > > > To: > > > Date: Thu, 8 Aug 2002 16:25:32 -0400 > > > > > > e Mike: When it comes to submitting > stocks for > > > consideration, this has got to be, beyond a > doubt, the crème de la > > > crème! > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On > Behalf Of Mike Gibbons > > > Sent: Thursday, August 08, 2002 3:27 PM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] Current Case Study - XRAY > > > > > > In view of the interest in current cases > rather than 20-20 > > > hindsight, and discussions to aid the > learning process, I offer > > > XRAY as an example, which broke out today > from a CwH pattern with > > > short handle Firstly, let me add the > disclaimer that I'm a > > > programmer who was introduced to CANSLIM as a > development project, > > > and I'm 1 year into the 3 yr learning curve, > so further comment > > > by the "experts" is welcomed to improve my > own > > > understanding. Firstly the fundamentals > which are very strong, > > > with the exception that Institutional > Ownership is already quite > > > high. There are differing views on what the > level should be, but > > > somewhere less than 30% would be better. > Additional DD would be > > > required to determine why pre-tax profit > margins are decreasing > > > and if that is cause for concern. (This > information is drawn from > > > yahoo/multex not IBD) > > > C Current Earnings > > Earnings per share > > > growth of at least 25% in the most > recent quarter > > > > > > > > > > Most recent quarter year on year growth. > (Published > > > financial data). > > > > > > 35.00 % > Latest > three quarters of sales > > > growth should be a minimum of 25% > > Average > > > year on year growth for last 3 > quarters. (Published > > > financial data). 51.00 % > > Sales growth > > > should be accelerating. > > Difference in year > > > on year growth rates over last 3 > quarters. (Published > > > financial data). 23.00 A > Strong > > > Annual Earnings Growth > Annual earnings growth > > > for the last three years of 25% or > greater 3 > > > year compound EPS growth rate. (Published > financial > > > data). 53.00 % Return > on equity should be > > > at least 17% Published > financial data. > > > 21.00 % Pretax profit > margins should > > > be increasing Profit > Margin for most recent > > > quarter minus profit margin 1 year ago. > (Published > > > financial data). -1.00 > size=2>N > > > > New Products, Services or Leadership > > If a > > > company has a dynamic new product or > service, or is > > > capitalizing on new conditions in the economy, > this can > > > have a dramatic impact on the price of a stock. > Buy stocks just as > > > they emerge from a sound "base" pattern > and make new price > > > highs. Not Known > > > size=2>S Supply and Demand > Watch the > > > demand for shares by looking at the > percentage change in > > > volume for each of your stocks. Analyze a > stock's daily and > > > weekly price and volume changes. > The up/down volume > > > ratio measures the ratio of > accumulation days to > > > distribution days over the last 50 > days. > > > 0.90 L Leading Stocks > in Leading Industry > > > Groups Nearly 50% of a > stock's price action > > > is a result of its industry group's > performance. Focus on > > > the top industry groups, and within > those groups select > > > stocks with the best price performance. > > > Multex Industry Rank ( 0 - 99 ) > > > (26 week relative performance). > > > 90 > > > > > > Multex Rank within Industry ( 0 - 99 ). > Provided for > > > informational purposes only. > > > (4 week relative performance) > > > > > > 22 > The stock's > Relative Price Strength > > > Rating should be in the 80s or 90s > > We > > > calculate RS daily by ranking all NYSE, > AMEX and NASDAQ > > > stocks. Our RS algorithm is described > here. It correlates > > > well with IBD's. Value. Score pro-rated > in range > > > 60-79. 83 I > Institutional > > > Sponsorship You want at least a > few of the > > > better performing mutual funds owning > the stock. They're > > > the ones who will drive the stock up on > a sustained > > > basis. Institutional Ownership. > Value in range 5 > > > - 30% needed to score 1. 79.00 > === message truncated === > ATTACHMENT part 2 image/gif name=xray.gif_2.gif; x-mac-type=47494666; x-mac-creator=4A565752 __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Lin Wells" Subject: [CANSLIM] archives Date: 10 Aug 2002 06:58:42 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0009_01C2403B.5CB63B90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Please repost the info on accessing canslim archives Thanks ------=_NextPart_000_0009_01C2403B.5CB63B90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Please repost the info on accessing = canslim=20 archives
Thanks
------=_NextPart_000_0009_01C2403B.5CB63B90-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] archives Date: 10 Aug 2002 08:00:43 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0D81_01C24044.07016180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable 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: ftp://ftp.xmission.com/pub/lists/canslim/archive/=20 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 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ----- Original Message -----=20 From: Lin Wells=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 10, 2002 7:58 AM Subject: [CANSLIM] archives Please repost the info on accessing canslim archives Thanks ------=_NextPart_000_0D81_01C24044.07016180 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
From time to time, CANSLIM members may wish to browse the = discussion=20 archives.  This posting provides instructions on how to access the=20 archives.  Thanks to David Cameron for compiling the essentials of = this=20 message.

Here are the two ways to access the archives:

1. = The best=20 way is to use your web browser.  To browse the archives, point your = browser=20 to:

  ftp://ftp.xmis= sion.com/pub/lists/canslim/archive/=20

2. (Not as convenient) via email:
Send an email to majordomo@xmission.com
with= the=20 following as the body of your message:

"index = canslim".

Then send=20 a follow up email to request an old
email from either the "archive" = or=20 "latest"
directory.  Note that your request must be in
the = body of=20 your email.

For example:

"get canslim = latest/001"

will=20 retrieve file "001" from the "latest"
directory.

"get = canslim =20 archive/v01.n066"

will retrieve file "v01.n066" from = the
"archive"=20 dir.

Best Regards,

Jeff Salisbury - CANSLIM list=20 owner/admin


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do not=20 use quotes in your email.
----- Original Message -----
From:=20 Lin=20 Wells
Sent: Saturday, August 10, 2002 = 7:58=20 AM
Subject: [CANSLIM] = archives

Please repost the info on accessing = canslim=20 archives
Thanks
------=_NextPart_000_0D81_01C24044.07016180-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] Thin Clients Date: 10 Aug 2002 08:08:19 -0500 A day or 2 ago there was some discussion of thin clients as they relate to a company that was mentioned (I don't remember the company; maybe NWRE). Monday's issue of IBD Internet & Technology section has an article on thin clients. Companies mentioned include MSFT, NWRE, IBM and BND. Neoware (NWRE) is also the company profiled in The New America section. There is a more detailed discussion of the industry there. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Thin Clients Date: 10 Aug 2002 09:30:03 -0400 The company discussed in our group was, indeed, NWRE (I took note as my VR Fund is up 41% on it so far). I am sure it is just total coincidence that IBD (you don't believe they are lurking here, do you??) covers both the industry and the specific stock only days later in separate articles yet!!! Least they could do in return for stealing our material is to post the articles to the group members so that us non IBD subscribers see what they are saying. Would be a minor payback by IBD for all the ideas they get from this group for commercial use by them. ----- Original Message ----- Sent: Saturday, August 10, 2002 9:08 AM A day or 2 ago there was some discussion of thin clients as they relate to a company that was mentioned (I don't remember the company; maybe NWRE). Monday's issue of IBD Internet & Technology section has an article on thin clients. Companies mentioned include MSFT, NWRE, IBM and BND. Neoware (NWRE) is also the company profiled in The New America section. There is a more detailed discussion of the industry there. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Thin Clients Date: 10 Aug 2002 10:39:25 EDT --part1_99.2accbcbc.2a867f9d_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Norman. I was the one inquiring about thin computers. Charley --part1_99.2accbcbc.2a867f9d_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Norman. I was the one inquiring about thin computers. Charley --part1_99.2accbcbc.2a867f9d_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] Off Topc: Mark Boucher Date: 10 Aug 2002 11:44:59 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0019_01C24063.5B061360 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable David and Katherine... thanks for your prompt reply. Jon ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 8:53 PM Subject: Re: [CANSLIM] Off Topc: Mark Boucher Jon, Contact info@longboatglobal.com and Mark's assistant will give you = info about the newsletter. Katherine ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 09, 2002 7:25 PM Subject: [CANSLIM] Off Topc: Mark Boucher I'm in the middle of reading a book recommended here a while ago by = the above author ("The Hedge Fund Edge"). Apparently he published (or = publishes) a newsletter called "Portfolio Strategy Letter". I've done a = web search for it and can't find anything. It appears that it no longer = exists. Can anyone confirm this? Thanks. Jon ------=_NextPart_000_0019_01C24063.5B061360 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
David and Katherine... thanks for your = prompt=20 reply.
 
Jon
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, August 09, 2002 = 8:53=20 PM
Subject: Re: [CANSLIM] Off = Topc: Mark=20 Boucher

Jon,
 
Contact info@longboatglobal.com = and=20 Mark's assistant will give you info about the newsletter.

Katherine
----- Original Message -----
From:=20 J.=20 Lobatto
Sent: Friday, August 09, 2002 = 7:25=20 PM
Subject: [CANSLIM] Off Topc: = Mark=20 Boucher

I'm in the middle of reading a book = recommended=20 here a while ago by the above author ("The Hedge Fund Edge"). = Apparently he=20 published (or publishes) a newsletter called "Portfolio Strategy = Letter".=20 I've done a web search for it and can't find anything. It appears = that it no=20 longer exists. Can anyone confirm this? Thanks.
 
Jon
------=_NextPart_000_0019_01C24063.5B061360-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] ENR Date: 10 Aug 2002 12:31:33 -0400 Mike: A few items of note: 1. The CEO Mulcahy made 18 separate stock purchases in May 2002 for a total of value of $3 million at about $25/share. 2. ENR was listed at the top of the WHERE THE BIG MONEY FLOWS list in Monday's paper (12 Aug). 3. ENR is also included in the graphics of the 21 graphic charts of NYSE STOCKS IN THE NEWS. 4. PE ratio of ENR is very high at 152. While Mr. O'Neil and the books do not embrace its usefulness, several of the authors of the Investors Corner have mentioned its value in past articles. 5. Earnings do not show a consistent pattern ($1.22 loss in Q-4 of 2001) and an irregular pattern of profits before and after that time. Could not detect any seasonality pattern. They did sell the operations which manufactured rechargeable units. Do not know if there was a charge or charges associated with the sale.ENR still continues to sell rechargeable. 6.V-shaped pattern is not encouraging, but it has been rising on recently robust volumes in the past three weeks. 7. Does it conform to CANSLIM criteria?... I do not believe so. 8. Did a fast inventory of battery powered devices in my house and I was amazed at the large size total count even though I did not believe that I am a "remote control" or "battery back up" fan. These will require replacement in the future. 9.My perception is that I am seeing less advertisements for Duracell than in the past. Since I hear more and more reports of many "people shopping for price", this may work in favor of ENR since they cost significantly less than Duracell for similar products. ----- Original Message ----- Sent: Friday, August 09, 2002 5:04 PM > So, > > Is this stock going to form a V shaped cup without a handle? It has been a > top mover on IBD quite a bit over the last week and a half. I am really > thinking hard about this one, since it seems like M might be turning..... > The group gets a poor D rating, but other ratings are high. > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview Date: 10 Aug 2002 15:07:59 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000B_01C2407F.B7467EF0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_000C_01C2407F.B7467EF0" ------=_NextPart_001_000C_01C2407F.B7467EF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MORTGAGES Mortgage applications hit a new all time high for the week ending Aug 2, = up 6.2%. About two thirds were refinancing, suggesting some additional = equity being pulled out of home ownership, and potentially spent on = consumer goods. But the balance continues to show a strong housing = market as well. ------- ECONOMICS ISM reported its index of non-manufacturing business activity (Service = Sector) fell to 53.1 in July from 57.2, expectations were for a drop to = 55.0. The service sector represents 40% of the US economy, and over 80% = of all jobs. Sixth straight month of growth (anything over 50 is = expansion), but at a slower rate, second month in a row it grew but at a = slower rate. ISM also reported that new orders index fell to 52.6 from 56.9, however = the employment index rose to 45.8 from 44.3, so while jobs were still = being cut (below 50 means contraction), the rate of jobs being lost = continued to slow. This still marked the 17th straight month of = contraction in the job market. New claims for unemployment fell for the week, reversing the spike = higher in the prior week. The four week average also fell to 379,000 = from 386,750 (17 month low). But continuing claims rose 50,000. So new = filing slowed, but those already on unemployment continued to fail to = find jobs. PPI (Producer Price Index) dropped 0.2% overall, and down 0.3% on the = core rate (excluding food and energy). Expectations were for both to = rise 0.1%, so inflation continues to be a non-event. Major cause for the = drops was a 1.5% drop in car prices, and a 1.6% drop in the price of = light trucks. Without that, the index would have been unchanged. Preliminary report of Productivity for the Second Quarter reported as up = 1.1%, a far cry from the gain of 8.6% in Q1, but still better than = expectations of a rise of only 0.7%. How much more can be squeezed from = a shrinking labor pool before corporate America finally begins to buy = new and more efficient technology and machinery? Wholesale inventories rose 0.3% while sales rose 0.6%. Quite obviously, = the depletion of excess inventories over the past 8 or so months has = ended, the trend was obvious for some months now. And with sales still = remaining acceptable, manufacturers must now increase production both to = keep up with sales, as well as replenish inventory with new goods. So = long as the consumer keeps spending, can an improvement in employment be = far behind? ------- "M" Last week seriously broke a long losing streak on most major indexes. = The DOW and S&P500 both gained over 5%, while Naz was up 4.6%. Even the = Russell 2000 managed to rally 3%. Interestingly, gold not only was = strong, but gained $7.00 for the week. The dollar was strong against = both the Yen and Euro. Why rally now? Can it continue? Was it just the = oversold conditions (been that way for many weeks)? Was it more = corporate officials being indicted (by the time that happens the damage = is already done)? Was it the number of corporations certifying their = latest financial reports (can we trust a crook to tell us he's cheating, = and not certify)? Was it all the talk of the Feds cutting rates again (I = doubt it will happen)? Have we finally seen a bottom without = capitulation? Were valuations so much lower they were irresistible? Will = this prove to be the start of a new, long term bull market, or just = another rally in a bear market? One day does not make a trend, but we = had three strong days in a row. One week also does not make a trend, = only time is likely to answer the most important question, can this = continue? ------- FOMC While there has been much talk lately of the Feds cutting interest rates = again, only Morgan Stanley thinks there is a chance it could happen at = the meeting next Tuesday. They are confident that if not then, then at = the Sept meeting for sure. Goldman Sachs and three other banks think the = Feds will cut later this year. An even larger number of forecasters are = expecting the Feds to change the bias in favor of a future cut, as least = as a signal that they are prepared to act should July's weak economic = reports continue, and warn of a possible slip back into recession. = Personally, I don't expect any action or change by the Feds at either = this meeting or in Sept. I will evaluate possible changes either in bias = or rate after that. ------- WORLEY'S WATCHLIST WANNABES=20 This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, = as the name implies, only intended to identify some stocks with = constructive chart patterns that may be worth WATCHING and learning from = (and of course doing your own due diligence). I am employed in = Operations by a US Broker Dealer, however everything presented by me is = strictly my own ideas and in no way should be taken to reflect the views = or opinions of my employer. I typically list stocks with both RS and EPS ranking of 80 or better, = and try to exclude stocks undergoing any merger / acquisition / buyout = scenario. I no longer will actively consider earnings forecast for this = year and next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see, such as c&h, double (or triple) bottoms, or flat bases (shown as = Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left = Upper Right) even though it is not exactly a CANSLIM pattern. The population of stocks I am reviewing this weekend finally appears to = be stabilizing. This was the second week I used performance over the 50 = dma, rather than new highs, to screen for interesting stocks and charts, = but did not result in many new candidates. AGII - very nicely formed double bottom except that the second bottom = did not undercut the first APOL - third bottom failed to materialize, no capitulation on the second = bottom, back to the pivot, education remains strong DOCC - B2, owned and in my VR Fund FCBP - cup & handle FCN - B2 FNBP - staircase, current step is 6 weeks long HBEK - 4 step staircase, but latest one looking very weak HRB - right side of a cup may be forming NYCB - handleless cup?? OSTE - cup & handle, under $12 QSII - B3, low ADV SBMC - double bottom, broke pivot Friday on light volume SFNT - close to a pivot, RS 55 TRBS - double bottom Happy hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley ------=_NextPart_001_000C_01C2407F.B7467EF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
MORTGAGES
Mortgage applications hit a new all time high = for the week=20 ending Aug 2, up 6.2%. About two thirds were refinancing, suggesting = some=20 additional equity being pulled out of home ownership, and potentially = spent on=20 consumer goods. But the balance continues to show a strong housing = market as=20 well.
ECONOMICS
ISM reported its index of non-manufacturing = business=20 activity (Service Sector) fell to 53.1 in July from 57.2, expectations = were for=20 a drop to 55.0. The service sector represents 40% of the US economy, and = over=20 80% of all jobs. Sixth straight month of growth (anything over 50 is = expansion),=20 but at a slower rate, second month in a row it grew but at a slower=20 rate.
 
ISM also reported that new orders index fell to = 52.6 from=20 56.9, however the employment index rose to 45.8 from 44.3, so while jobs = were=20 still being cut (below 50 means contraction), the rate of jobs being = lost=20 continued to slow. This still marked the 17th straight month of = contraction in=20 the job market.
 
New claims for unemployment fell for the week, = reversing=20 the spike higher in the prior week. The four week average also fell to = 379,000=20 from 386,750 (17 month low). But continuing claims rose 50,000. So new = filing=20 slowed, but those already on unemployment continued to fail to find=20 jobs.
 
PPI (Producer Price Index) dropped 0.2% overall, = and down=20 0.3% on the core rate (excluding food and energy). Expectations were for = both to=20 rise 0.1%, so inflation continues to be a non-event. Major cause for the = drops=20 was a 1.5% drop in car prices, and a 1.6% drop in the price of light = trucks.=20 Without that, the index would have been unchanged.
 
Preliminary report of Productivity for the = Second Quarter=20 reported as up 1.1%, a far cry from the gain of 8.6% in Q1, but still = better=20 than expectations of a rise of only 0.7%. How much more can be squeezed = from a=20 shrinking labor pool before corporate America finally begins to buy new = and more=20 efficient technology and machinery?
 
Wholesale inventories rose 0.3% while sales rose = 0.6%.=20 Quite obviously, the depletion of excess inventories over the past 8 or = so=20 months has ended, the trend was obvious for some months now. And with = sales=20 still remaining acceptable, manufacturers must now increase production = both to=20 keep up with sales, as well as replenish inventory with new goods. So = long as=20 the consumer keeps spending, can an improvement in employment be far=20 behind?
"M"
Last week seriously broke a long losing streak = on most=20 major indexes. The DOW and S&P500 both gained over 5%, while Naz was = up=20 4.6%. Even the Russell 2000 managed to rally 3%. Interestingly, gold not = only=20 was strong, but gained $7.00 for the week. The dollar was strong against = both=20 the Yen and Euro. Why rally now? Can it continue? Was it just the = oversold=20 conditions (been that way for many weeks)? Was it more corporate = officials being=20 indicted (by the time that happens the damage is already done)? Was it = the=20 number of corporations certifying their latest financial reports (can we = trust a=20 crook to tell us he's cheating, and not certify)? Was it all the talk of = the=20 Feds cutting rates again (I doubt it will happen)? Have we finally seen = a bottom=20 without capitulation? Were valuations so much lower they were = irresistible? Will=20 this prove to be the start of a new, long term bull market, or just = another=20 rally in a bear market? One day does not make a trend, but we had three = strong=20 days in a row. One week also does not make a trend, only time is likely = to=20 answer the most important question, can this continue?
FOMC
While there has been much talk lately of the Feds cutting interest = rates=20 again, only Morgan Stanley thinks there is a chance it could happen at = the=20 meeting next Tuesday. They are confident that if not then, then at the = Sept=20 meeting for sure. Goldman Sachs and three other banks think the Feds = will cut=20 later this year. An even larger number of forecasters are expecting the = Feds to=20 change the bias in favor of a future cut, as least as a signal that they = are=20 prepared to act should July's weak economic reports continue, and warn = of a=20 possible slip back into recession. Personally, I don't expect any = action or=20 change by the Feds at either this meeting or in Sept. I will evaluate = possible=20 changes either in bias or rate after that.
WORLEY'S WATCHLIST WANNABES=20
This list is in no way intended to recommend any = stocks to=20 the group. It is a part of my regular assessment of the health of = CANSLIM's "M"=20 and, as the name implies, only intended to identify some stocks with=20 constructive chart patterns that may be worth WATCHING and learning from = (and of=20 course doing your own due diligence). I am=20 employed in Operations by a US Broker Dealer, however everything = presented by me=20 is strictly my own ideas and in no way should be taken to reflect the = views or=20 opinions of my employer.
 
I typically list stocks with both RS and EPS = ranking of 80=20 or better, and try to exclude stocks undergoing any merger / acquisition = /=20 buyout scenario. I no longer will actively = consider earnings=20 forecast for this year and next due the confusing data presented by DGO. = I do no=20 other due diligence, that is your responsibility. I will note any = CANSLIM=20 patterns I see, such as c&h, double (or triple) bottoms, or flat = bases=20 (shown as Bx where "x" is the # of weeks, IMO). I will also note LLUR = (Lower=20 Left Upper Right) even though it is not exactly a CANSLIM = pattern.
 
The population of stocks I am reviewing this = weekend=20 finally appears to be stabilizing. This was the second week I used = performance=20 over the 50 dma, rather than new highs, to screen for interesting stocks = and=20 charts, but did not result in many new candidates.
 
AGII - very nicely formed double bottom except that the second = bottom did=20 not undercut the first
APOL - third bottom failed to materialize, no capitulation on the = second=20 bottom, back to the pivot, education remains strong
DOCC - B2, owned and in my VR Fund
FCBP - cup & handle
FCN - B2
FNBP - staircase, current step is 6 weeks long
HBEK - 4 step staircase, but latest one looking very weak
HRB - right side of a cup may be forming
NYCB - handleless cup??
OSTE - cup & handle, under $12
QSII - B3, low ADV
SBMC - double bottom, broke pivot Friday on light volume
SFNT - close to a pivot, RS 55
TRBS - double bottom
 
Happy hunting,
 
3D""
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] PDCO Date: 10 Aug 2002 15:44:00 EDT --part1_132.122bad51.2a86c700_boundary Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Content-Language: en I have decided to post my short write up on this company. Our investment clu= b=20 often corresponds by e-mail so we can share new prospects between meetings.=20 If someone in the club comes up with something constructive I will pass it=20 along to you. Let me state that we probably will not buy this company stock=20 simply because of market conditions. On the other hand companies who are=20 hitting new highs during this bear market make good prospects for the future= . Patterson DentalCo. (PDCO) (August 9, 2002) =20 Business Operations: =20 This company distributes dental supplies and equipment todentists, dental=20 laboratories and institutions in North America. =20 Fundamentals: =20 With no debt and a 21% Return of Equity, this company is ingood financial=20 health. IBD gives it a 95 EPS rating and an A SMR rating. Thecurrent Relativ= e=20 Price Strength is a strong 91 and the A/D rating is B. With acurrent trailin= g=20 P/E of 35 it is trading near the top of its historical P/Eratio. Mutual Fund= s=20 own 25% of the company and management owns 11%. All of thelast four quarters= =20 have shown EPS increases exceeding 20%, with a 29% increasereported in April= =20 2002. The next earnings report is due August 23rdand is expected to be .36 a= =20 share, a 24% increase over a year ago. During the past three years the company has repurchased552,000 shares of its= =20 common stock. =20 Technicals: =20 For the last two years this company has shown steady stockprice growth in an= =20 ascending base pattern, reaching a high of $53.47 on June18, 2002. This was=20 followed by a sharp decline ending on July 11, 2002 at$41.60.Since then the=20 price has been moving back up and now stands at about$48.00, some 10% below=20 it=E2=80=99s previous high. The sell off was probably due toadverse market c= onditions=20 since nothing negative has been reported about thecompany. =20 On August 8, 2002, the stock broke out of a Double Top Point& Figure=20 formation, typically a buy signal. A look at the price/volumechart shows=20 increasing upward volume pressure and the beginning of a roundedbottom and=20 formation of the right side of the cup. If true, the cup lip shouldemerge=20 within the next two weeks. =20 Purpose: =20 The purpose of this report is to alert members of a possiblebreakout and to=20 solicit your comments. =20 --part1_132.122bad51.2a86c700_boundary Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Content-Language: en I have decided to post my= short write up on this company. Our investment club often corresponds by e-= mail so we can share new prospects between meetings. If someone in the club=20= comes up with something constructive I will pass it along to you. Let me sta= te that we probably will not buy this company stock simply because of market= conditions. On the other hand companies who are hitting new highs during th= is bear market make good prospects for the future.

Patterson DentalCo. (PDCO)
(August 9, 2002)

Business Operations:

This company distributes dental supplies and equipment todentists, denta= l laboratories and institutions in North America.
=20
Fundamentals:

With no debt and a 21% Return of Equity, this company is ingood financia= l health. IBD gives it a 95 EPS rating and an A SMR rating. Thecurrent Relat= ive Price Strength is a strong 91 and the A/D rating is B. With acurrent tra= iling P/E of 35 it is trading near the top of its historical P/Eratio. Mutua= l Funds own 25% of the company and management owns 11%. All of thelast four=20= quarters have shown EPS increases exceeding 20%, with a 29% increasereported= in April 2002. The next earnings report is due August 23rdand is expected t= o be .36 a share, a 24% increase over a year ago.
During the past three years the company has repurchased552,000 shares of= its common stock.
=20
Technicals:

For the last two years this company has shown steady stockprice growth i= n an ascending base pattern, reaching a high of $53.47 on June18, 2002. This= was followed by a sharp decline ending on July 11, 2002 at$41.60.Since then= the price has been moving back up and now stands at about$48.00, some 10% b= elow it=E2=80=99s previous high. The sell off was probably due toadverse mar= ket conditions since nothing negative has been reported about thecompany.
=20
On August 8, 2002, the stock broke out of a Double Top Point& Figure= formation, typically a buy signal. A look at the price/volumechart shows in= creasing upward volume pressure and the beginning of a roundedbottom and for= mation of the right side of the cup. If true, the cup lip shouldemerge withi= n the next two weeks.
=20
Purpose:

The purpose of this report is to alert members of a possiblebreakout and= to solicit your comments.
=20

--part1_132.122bad51.2a86c700_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 10 Aug 2002 14:18:08 -0600 Gene, am I correct in assuming that you do not use Vector Vest? Thanks, Warren Gene Ricci wrote: > David, I didn't choose one over the other, I use both.... HGSI > provides data that I can't get in spreadsheet format from DGO.... > although it 'ain't cheap... I feel that they compliment one > another. DGO uses IBD data but has extremely limited and expensive > tools to mine their data ($1000 year with mining tools/data feed)! > Much of their data has to be extracted manually. HGSI uses Market > Guide data and has great mining tools ($550 year with data feed)! HGSI > has 200 industries and DGO 197 (last time I counted). Never been a > problem because of the differences. I'll send you their list > offline. Gene | Hello Gene, How does the industry groups with HGSI > differ with DGO? And why do you choose HSGI over DGO? thank you, David > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in the News Date: 10 Aug 2002 10:44:16 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C2405A.DFEBC4C0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit The following newsletter just showed up in my inbox. I didn't know I was an OTC Journal Member and have no knowledge if the reliability of their analysis I pass it on because of its analysis regarding "M" for the NASDAQ, not for the stock picks contained herein. FLEX is definitely not a CANSLIM stock but NVDA is puzzling. the CANSLIM Evaluator gives it very strong marks for "C" and "A" and investors.com gives the EPS at 99 and SMR as "A", and yet this is a heavily beaten down stock with an RS of just 2. The group has performed very poorly (gets and E) and there is no accumulation of this stock, and yet its fundamentals seem very strong. Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- Sent: Saturday, August 10, 2002 6:58 AM If you are reading this message in plaintext or if you have an AOL address you must click on this link: http://listserv.otcjournal.com/otcjournal/20020810-1.html and wait for a web page to automatically open up to properly read this newsletter. August 10, 2002 Volume V, Issue 60 Email : info@otcjournal.com URL : http://www.otcjournal.com To OTC Journal Members: Special Announcement: Trading Alert Next Week We're looking at a situation which may turn into a Trading Alert on Tuesday or Wednesday afternoon next week. Before deciding if you want to participate, please read the OTC Journal's section on Trading Alerts found on the left hand menu bar of our home page. For a Track Record of former Trading Alerts, Click Here. Keep an eye on your inbox for an exciting opportunity in the middle of next week. Summer Relief Rally- Is It Possible? The market was up this past week for the first time in several months. All the major averages posted solid gains, taking investors by surprise. Some attributed this past week's performance to expectations of an interest rate cut when the FED meets on Wednesday. This seems highly unlikely, as 11 interest rate cuts last year didn't work. Others attributed this week's performance to the absence of sellers. Overseas investors have been liquidating US equities for months, and they seem to have run out of stock to sell. Short sellers were conspicuous in their absence. They're probably all buying new mansions in the Hamptons and jetting around the world enjoying the billions in profits they have accumulated in the past 2 1/2 years. Wall Street pays off when you're right. Despite the typical August seasonal lack of interest and pervasive doom and gloom, this chart of the NASDAQ Composite suggests we may be in for a summer relief rally. This past week the NASDAQ broke up its' downtrend line (shown in red) for the first time since the sell off steepened in mid May, leading to three months of bloodletting on all the major indexes. In addition, the NASDAQ has recently put in a double bottom. The second bottom was slightly higher than the first. Technicians will tell you this is a bullish indicator in the short term. As long as the NASDAQ stays above the red line, there is a possibility of temporary rebound into the 1450 area. Of course, this will not change the long term downtrend. We believe the trend will continue until October or November, when a new, very weak, and very young Bull will be born. Here are a couple of oversold trading ideas which may yield a short term profit if the market puts in a relief rally. This scenario may not play out, so use a stop loss as an insurance policy against a new leg down. Flextronics (NASDAQ: FLEX) Flextronics is probably the largest outsourced off shore manufacturer of electronic devices. OEM (Original Equipment Manufacturers) outsource their production to this company. Formerly a profit powerhouse, the company's fortunes have declined along with the entire technology industry, and they are losing money at this point in time. However, the value is compelling at this level. Annual sales run about $13 billion. At this price, the company is trading with a $4.2 billion market cap, or about 1/3 of sales. It is also trading at less than book value (liquidation value), which is about $8.62 per share. The chart suggests a slight uptrend started in late June when the stock hit it's all time low of $6. If the market improves, this one may want to go back an fill the gap from early June, suggesting a good target price might be $12. However, stay light on your feet. The company's fortunes are declining. A stop loss based on your risk tolerance is highly recommended. Nvidia Corporation (NASDAQ: NVDA) Here's a stock traders have taken out to the woodshed and beaten to death. The company designs and manufactures 3-D graphics processors and graphics processing units. The company has a book value of $5.72, $5.45 per share in cash, and at current levels trades with a PE ratio of about 7. This company had an adequate June quarter, but announced the future looked bleak. In favorable market conditions this stock could rebound into the middle of the blue bands. This shows the average price since the stock began it current leg down, toppling from $24 to just above $9 in less than a month. Most of the analyst community downgraded this stock once it reached the $9 level, which is a bullish sign as far as we are concerned. Again, if you decide to roll the dice, a stop loss to minimize the risk is strongly suggested. Energy Power Systems (AMEX: EGY) Back in the News Energy Power Systems, one of our long term profiles, was back in the news for the first time in months yesterday morning. This stock was a big winner for us in 2001, yielding a profit of 60% to 70% for our members who sold towards the end of the year. This year it has been all down hill for no apparent reason other than lack of news and horrendous market conditions. The company has not been proactively out in the investment community, choosing not to swim against the tide. They are waiting for calmer waters before proceeding. Yesterday, just before the market opened, Energy Power made it first very positive announcement in some time. The company announced its Offshore and Engineering Division had been awarded $6.2 million in contracts by major energy companies operating in Atlantic Canada. Click Here to read the entire text of the news release. We are expecting Energy Power to make a come back this Fall, predicated on the possibility of major new business. Stay tuned for more developments. The stock is oversold at current levels, and the company is doing well. Charts Provided Courtesy Of TradePortal.com The OTC Journal is a proud partner of the SwingWire.com Online Investment Community. A next generation Online Analyst Exchange providing Members the ability to search, review, track and monitor some of the Internet's best Online CAs (CyberAnalysts). Members have the opportunity to potentially achieve higher returns by viewing top performing portfolios and receiving real-time alerts from favorite CAs. SwingWire.com also has a lucrative incentive model for experienced investors and traders who consistently outperform the market. Share market ideas with other like-minded investors, establish a proven track record, provide insightful commentary, attract followers and ultimately become one of the Internet's highest paid and most sought after CyberAnalysts! Click here to receive your FREE 30-Day Trial Membership with no further obligation. Sign Up Today! Disclaimer The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, this publication accepts compensation from certain of the companies which it features. Likewise, this newsletter is owned by MarketByte, LLC. To the degrees enumerated herein, this newsletter should not be regarded as an independent publication. Click Here to view our compensation on every company we have ever covered, or visit the following web address: http://www.otcjournal.com/disclaimer.html for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html for Trading Alerts. MarketByte LLC has been paid a fee of 125,000 shares of free trading stock of Energy Power Systems Limited for representing the company for one year. The fee has been paid by Fieldston Traders LTD acting on behalf of the company. The contract expired February 12, 2002. Marketbyte LLC currently has no contractual obligation or any shares of Energy Power. All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which they are affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed in the newsletter. The profiles, critiques, and other editorial content of the OTCjournal.com may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com. We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at http://www.sec.govand/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm. Disclaimer ID:0esYJlLv Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site. Unsubscribe Here You can unsubscribe from this list at any time by Clicking Here and HITTING SEND. If you are having difficulty removing yourself or wish to change your address please go to http://listserv.otcjournal.com/opt.cgi?email=mikegibbons@proactech.com. --- You are currently subscribed to otcjournal as: mikegibbons@proactech.com To unsubscribe send a blank email to leave-otcjournal-415861W@lyris.otcjournal.com ------=_NextPart_000_0008_01C2405A.DFEBC4C0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
The=20 following newsletter just showed up in my inbox. I didn't know I = was an OTC=20 Journal Member and have no knowledge if the reliability of their=20 analysis
 
I=20 pass it on because of its analysis regarding "M" for the NASDAQ, not for = the=20 stock picks contained herein. FLEX is definitely not a CANSLIM stock but = NVDA is=20 puzzling. the CANSLIM Evaluator gives it very strong marks for "C" and = "A" and=20 investors.com gives the EPS at 99 and SMR as "A", and yet this is a = heavily=20 beaten down stock with an RS of just 2. The group has performed very = poorly=20 (gets and E) and there is no accumulation of this stock, and yet its=20 fundamentals seem very strong. Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
-----Original Message-----
From:=20 bounce-otcjournal-415861@lyris.otcjournal.com=20 [mailto:bounce-otcjournal-415861@lyris.otcjournal.com]
Sent: = Saturday,=20 August 10, 2002 6:58 AM
To:=20 mikegibbons@proactech.com
Subject: Summer Relief Rally- Is It=20 Possible? and Energy Power in the News

If you are reading = this=20 message in plaintext or if you have an AOL address you must click on = this link:=20 http:/= /listserv.otcjournal.com/otcjournal/20020810-1.html=20 and wait for a web page to automatically open up to properly read this=20 newsletter.
=20
August 10,=20 2002
Volume V,=20 Issue 60
Email : = info@otcjournal.com= =20
URL = : http://www.otcjournal.com<= /FONT>=20

To OTC Journal=20 Members:
 =20
Special = Announcement:=20 Trading Alert Next Week

We're = looking at a=20 situation which may turn into a Trading = Alert on=20 Tuesday or Wednesday afternoon next week. Before = deciding if you want to participate, please read = the=20 OTC Journal's section on Trading=20 Alerts found on the left hand menu bar = of our=20 home page. For a Track Record of former = Trading=20 Alerts, Click=20 Here.=20

Keep an = eye on your=20 inbox for an exciting opportunity in the middle = of next=20 week.
 =20
Summer Relief Rally- Is = It=20 = Possible?

=20

The = market was up=20 this past week for the first time in several = months. All=20 the major averages posted solid gains, taking = investors=20 by surprise. Some attributed this past week's=20 performance to expectations of an interest rate = cut when=20 the FED meets on Wednesday. This seems highly = unlikely,=20 as 11 interest rate cuts last year didn't=20 work.=20

Others = attributed=20 this week's performance to the absence of = sellers.=20 Overseas investors have been liquidating US = equities for=20 months, and they seem to have run out of stock = to sell.=20 Short sellers were conspicuous in their absence. = They're=20 probably all buying new mansions in the Hamptons = and=20 jetting around the world enjoying the billions = in=20 profits they have accumulated in the past 2 1/2 = years.=20 Wall Street pays off when you're = right.=20

Despite = the typical=20 August seasonal lack of interest and pervasive = doom and=20 gloom, this chart of the NASDAQ Composite = suggests we=20 may be in for a summer relief = rally.=20

This = past week the=20 NASDAQ broke up its' downtrend line (shown in = red) for=20 the first time since the sell off steepened in = mid May,=20 leading to three months of bloodletting on all = the major=20 indexes.=20

In = addition, the=20 NASDAQ has recently put in a double bottom. The = second=20 bottom was slightly higher than the first. = Technicians=20 will tell you this is a bullish indicator in the = short=20 term.=20

As long = as the=20 NASDAQ stays above the red line, there is a = possibility=20 of temporary rebound into the 1450 area. Of = course, this=20 will not change the long term downtrend. We = believe the=20 trend will continue until October or November, = when a=20 new, very weak, and very young Bull will be=20 born.=20

Here are = a couple of=20 oversold trading ideas which may yield a short = term=20 profit if the market puts in a relief rally. = This=20 scenario may not play out, so use a stop loss as = an=20 insurance policy against a new leg = down.=20
 =20
Flextronics = (NASDAQ:=20 FLEX)

=20

Flextronics=20 is probably the largest outsourced off shore=20 manufacturer of electronic devices. OEM = (Original=20 Equipment Manufacturers) outsource their = production to=20 this company.=20

Formerly = a profit=20 powerhouse, the company's fortunes have declined = along=20 with the entire technology industry, and they = are losing=20 money at this point in time. However, the value = is=20 compelling at this level.=20

Annual = sales run=20 about $13 billion. At this price, the company is = trading=20 with a $4.2 billion market cap, or about 1/3 of = sales.=20 It is also trading at less than book value = (liquidation=20 value), which is about $8.62 per = share.=20

The = chart suggests a=20 slight uptrend started in late June when the = stock hit=20 it's all time low of $6. If the market improves, = this=20 one may want to go back an fill the gap from = early June,=20 suggesting a good target price might be=20 $12.=20

However, = stay light=20 on your feet. The company's fortunes are = declining. A=20 stop loss based on your risk tolerance is highly = recommended.
 =20
Nvidia = Corporation=20 (NASDAQ: NVDA)

=
 =20

Here's a = stock=20 traders have taken out to the woodshed and = beaten to=20 death. The company designs and manufactures 3-D = graphics=20 processors and graphics processing = units.=20

The = company has a=20 book value of $5.72, $5.45 per share in cash, = and at=20 current levels trades with a PE ratio of about = 7. This=20 company had an adequate June quarter, but = announced the=20 future looked bleak. =20

In = favorable market=20 conditions this stock could rebound into the = middle of=20 the blue bands. This shows the average price = since the=20 stock began it current leg down, toppling from = $24 to=20 just above $9 in less than a = month.=20

Most of = the analyst=20 community downgraded this stock once it reached = the $9=20 level, which is a bullish sign as far as we are=20 concerned.=20

Again, = if you decide=20 to roll the dice, a stop loss to minimize the = risk is=20 strongly suggested.
  =
 =20
Energy Power = Systems=20 (AMEX: EGY) Back in the = News

Energy Power=20 Systems, one of our long term profiles, was = back in=20 the news for the first time in months yesterday = morning.=20 This stock was a big winner for us in 2001, = yielding a=20 profit of 60% to 70% for our members who sold = towards=20 the end of the year.=20

This = year it has=20 been all down hill for no apparent reason other = than=20 lack of news and horrendous market conditions. = The=20 company has not been proactively out in the = investment=20 community, choosing not to swim against the = tide. They=20 are waiting for calmer waters before=20 proceeding.=20

Yesterday, just=20 before the market opened, Energy Power = made it=20 first very positive announcement in some time. = The=20 company announced its Offshore and Engineering = Division=20 had been awarded $6.2 million in contracts = by major energy companies operating in = Atlantic=20 Canada. Click=20 Here to read the entire text of the news=20 release.=20

We are = expecting=20 Energy Power to make a come back this = Fall,=20 predicated on the possibility of major new = business.=20 Stay tuned for more developments. The stock is = oversold=20 at current levels, and the company is doing=20 well.

Charts = Provided=20 Courtesy Of TradePortal.com=20
The OTC = Journal is a=20 proud partner of the SwingWire.com=20 Online Investment Community. A next = generation=20 Online Analyst Exchange providing Members = the=20 ability to search, review, track and monitor = some of the=20 Internet's best Online CAs=20 (CyberAnalysts). Members have the = opportunity to=20 potentially achieve higher = returns by viewing top=20 performing portfolios and receiving = real-time=20 alerts from favorite CAs. =20

SwingWire.com=20 also has a lucrative incentive model for = experienced=20 investors and traders who consistently = outperform the=20 market. Share market ideas with other = like-minded=20 investors, establish a proven track record, = provide=20 insightful commentary, attract followers and = ultimately=20 become one of the Internet's highest paid and = most=20 sought after CyberAnalysts! =20

Click=20 here to receive your FREE 30-Day Trial = Membership with=20 no further obligation. Sign Up=20 Today! =20 =
 

Disclaimer
The = OTCjournal.com=20 Newsletter is an independent electronic = publication=20 committed to providing our readers with factual=20 information on selected  publicly traded = companies.=20 All companies are chosen on the basis of certain = financial analysis and other pertinent criteria = with a=20 view toward  maximizing the upside = potential for=20 investors while minimizing the downside risk, = whenever=20 possible.  Moreover, as detailed below, = this=20 publication accepts compensation from certain of = the=20 companies which it features.  Likewise, = this=20 newsletter is owned by MarketByte, LLC.  To = the=20 degrees enumerated herein,  this newsletter = should=20 not be regarded as an independent=20 publication.=20

Click=20 Here to view our compensation on every = company we=20 have ever covered, or visit the following web=20 address:  http://www.otcjournal.= com/disclaimer.html=20 for our full profiles and http://= www.otcjournal.com/trading-alerts/disclaimer.html=20 for Trading Alerts.=20

MarketByte LLC has=20 been paid a fee of 125,000 shares of free = trading stock=20 of Energy Power Systems Limited for representing = the=20 company for one year. The fee has been paid by = Fieldston=20 Traders LTD acting on behalf of the company. The = contract expired February 12, 2002. Marketbyte = LLC=20 currently has no contractual obligation or any = shares of=20 Energy Power.=20

All = statements and=20 expressions are the sole  opinions of the = editors=20 and are subject to change without notice. A = profile,=20 description, or other mention of a company in = the=20 newsletter is neither an offer nor solicitation = to buy=20 or sell any securities  mentioned. While we = believe=20 all sources of information to be factual and = reliable,=20 in no way do we represent or guarantee the = accuracy=20 thereof, nor the statements made = herein.=20

The = editor, members=20 of the editor's family, and/or entities with = which they=20 are affiliated, are forbidden by company policy = to own,=20 buy, sell or otherwise trade stock for their own = benefit=20 in the companies who appear in the publication = unless=20 specifically disclosed in the = newsletter.=20

The = profiles,=20 critiques, and other editorial content of the=20 OTCjournal.com may contain forward-looking = statements=20 relating to the expected capabilities of the = companies=20 mentioned herein.=20

THE = READER SHOULD=20 VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE = BEFORE=20 INVESTING IN ANY SECURITIES MENTIONED. INVESTING = IN  SECURITIES IS SPECULATIVE AND CARRIES A = HIGH=20 DEGREE OF RISK. THE INFORMATION FOUND IN THIS = PROFILE IS=20 PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED = STATES AND=20 MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY = WITHOUT THE=20 EXPRESSED, WRITTEN  CONSENT OF THE EDITORS = OF=20 OTCjournal.com.=20

We = encourage our=20 readers to invest carefully and read the = investor=20 information available at the web sites of  = the=20 Securities and Exchange Commission ("SEC") at http://www.sec.govand/or=20 the National Association of Securities Dealers = ("NASD")=20 at http://www.nasd.com. We=20 also strongly recommend that you read the SEC = advisory=20 to investors concerning Internet Stock Fraud, = which can=20 be found at  http://www.sec.gov/consu= mer/cyberfr.htm.=20 Disclaimer ID:0esYJlLv Readers can review all = public=20 filings by companies at the SEC's EDGAR page. = The NASD=20 has published information on how to invest = carefully at=20 its web site.

=
Unsubscribe=20 Here
<= /CENTER>
You can unsubscribe from this list at = any time=20 by Clicking=20 Here and HITTING SEND. If you are = having=20 difficulty removing yourself or wish to change = your=20 address please go to http://listserv.otcjournal.com/opt.cgi?email=3Dmikegibbons@proac= tech.com.

  =
 =20 ---
You are currently subscribed to otcjournal as:=20 mikegibbons@proactech.com
To unsubscribe send a blank email to=20 leave-otcjournal-415861W@lyris.otcjournal.com ------=_NextPart_000_0008_01C2405A.DFEBC4C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Stocks for a watchlist Date: 10 Aug 2002 16:01:48 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0185_01C24087.3BE289E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Warren! "Yes, I do use VV regularly for CANSLIM mining..."=20 In fact I am the moderator of the Dallas Area VectorVest users group. If = you're in town on the 2nd or 4th Saturday plan on joining us for our = breakfast buffet and a great meeting... starts at 8.30 am at the = Brookhaven Country Club. =20 Why do you ask? Gene | From: Warren Keuffel=20 Gene, am I correct in assuming that you do not use Vector Vest? Thanks, Warren ------=_NextPart_000_0185_01C24087.3BE289E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Warren!
 
"Yes, I do use VV regularly for = CANSLIM=20 mining..."
 
In fact I am the moderator of the = Dallas=20 Area VectorVest users group. If you're in town on the 2nd or 4th = Saturday plan=20 on joining us for our breakfast buffet and a great = meeting... starts at=20 8.30 am at the Brookhaven Country Club.    
 
Why do you ask?
Gene
 
| From: Warren Keuffel
Gene, am I = correct in=20 assuming that you do not use Vector=20 Vest?
Thanks,
Warren
------=_NextPart_000_0185_01C24087.3BE289E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in the News Date: 10 Aug 2002 17:03:00 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0149_01C2408F.C8A39560 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Mike, as the newsletter says, NVDA indicated the future looks bleak. = Past 4 qtrs of fundamentals are very strong, but now they will be = comparing to those strong fundies for the next 4 qtrs. And forecast from = DGO indicates a 16% decline in earnings this year, and only a 7% gain = from that lower level next year (which won't quite get them back to what = they made last year). I also disagree with some of the statements made = in the newsletter about the Naz chart, I am not impressed with their = reading, or their understanding of a double bottom either. ----- Original Message -----=20 Sent: Saturday, August 10, 2002 4:44 PM Power in the News The following newsletter just showed up in my inbox. I didn't know I was = an OTC Journal Member and have no knowledge if the reliability of their = analysis I pass it on because of its analysis regarding "M" for the NASDAQ, not = for the stock picks contained herein. FLEX is definitely not a CANSLIM = stock but NVDA is puzzling. the CANSLIM Evaluator gives it very strong = marks for "C" and "A" and investors.com gives the EPS at 99 and SMR as = "A", and yet this is a heavily beaten down stock with an RS of just 2. = The group has performed very poorly (gets and E) and there is no = accumulation of this stock, and yet its fundamentals seem very strong. = Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:bounce-otcjournal-415861@lyris.otcjournal.com] Sent: Saturday, August 10, 2002 6:58 AM News If you are reading this message in plaintext or if you have an AOL = address you must click on this link: = http://listserv.otcjournal.com/otcjournal/20020810-1.html and wait for a = web page to automatically open up to properly read this newsletter. =20 =20 August 10, 2002 =20 Volume V, Issue 60 =20 =20 Email : info@otcjournal.com=20 URL : http://www.otcjournal.com=20 To OTC Journal Members:=20 Special Announcement: Trading Alert Next Week = =20 We're looking at a situation which may turn into = a Trading Alert on Tuesday or Wednesday afternoon next week. Before = deciding if you want to participate, please read the OTC Journal's = section on Trading Alerts found on the left hand menu bar of our home = page. For a Track Record of former Trading Alerts, Click Here.=20 Keep an eye on your inbox for an exciting = opportunity in the middle of next week.=20 Summer Relief Rally- Is It Possible?=20 =20 =20 The market was up this past week for the first = time in several months. All the major averages posted solid gains, = taking investors by surprise. Some attributed this past week's = performance to expectations of an interest rate cut when the FED meets = on Wednesday. This seems highly unlikely, as 11 interest rate cuts last = year didn't work.=20 Others attributed this week's performance to the = absence of sellers. Overseas investors have been liquidating US equities = for months, and they seem to have run out of stock to sell. Short = sellers were conspicuous in their absence. They're probably all buying = new mansions in the Hamptons and jetting around the world enjoying the = billions in profits they have accumulated in the past 2 1/2 years. Wall = Street pays off when you're right.=20 Despite the typical August seasonal lack of = interest and pervasive doom and gloom, this chart of the NASDAQ = Composite suggests we may be in for a summer relief rally.=20 This past week the NASDAQ broke up its' = downtrend line (shown in red) for the first time since the sell off = steepened in mid May, leading to three months of bloodletting on all the = major indexes.=20 In addition, the NASDAQ has recently put in a = double bottom. The second bottom was slightly higher than the first. = Technicians will tell you this is a bullish indicator in the short term. = As long as the NASDAQ stays above the red line, = there is a possibility of temporary rebound into the 1450 area. Of = course, this will not change the long term downtrend. We believe the = trend will continue until October or November, when a new, very weak, = and very young Bull will be born.=20 Here are a couple of oversold trading ideas = which may yield a short term profit if the market puts in a relief = rally. This scenario may not play out, so use a stop loss as an = insurance policy against a new leg down.=20 Flextronics (NASDAQ: FLEX) =20 =20 Flextronics is probably the largest outsourced = off shore manufacturer of electronic devices. OEM (Original Equipment = Manufacturers) outsource their production to this company.=20 Formerly a profit powerhouse, the company's = fortunes have declined along with the entire technology industry, and = they are losing money at this point in time. However, the value is = compelling at this level.=20 Annual sales run about $13 billion. At this = price, the company is trading with a $4.2 billion market cap, or about = 1/3 of sales. It is also trading at less than book value (liquidation = value), which is about $8.62 per share.=20 The chart suggests a slight uptrend started in = late June when the stock hit it's all time low of $6. If the market = improves, this one may want to go back an fill the gap from early June, = suggesting a good target price might be $12.=20 However, stay light on your feet. The company's = fortunes are declining. A stop loss based on your risk tolerance is = highly recommended.=20 Nvidia Corporation (NASDAQ: NVDA) =20 =20 =20 Here's a stock traders have taken out to the = woodshed and beaten to death. The company designs and manufactures 3-D = graphics processors and graphics processing units.=20 The company has a book value of $5.72, $5.45 per = share in cash, and at current levels trades with a PE ratio of about 7. = This company had an adequate June quarter, but announced the future = looked bleak. =20 In favorable market conditions this stock could = rebound into the middle of the blue bands. This shows the average price = since the stock began it current leg down, toppling from $24 to just = above $9 in less than a month.=20 Most of the analyst community downgraded this = stock once it reached the $9 level, which is a bullish sign as far as we = are concerned.=20 Again, if you decide to roll the dice, a stop = loss to minimize the risk is strongly suggested.=20 =20 Energy Power Systems (AMEX: EGY) Back in the = News =20 Energy Power Systems, one of our long term = profiles, was back in the news for the first time in months yesterday = morning. This stock was a big winner for us in 2001, yielding a profit = of 60% to 70% for our members who sold towards the end of the year.=20 This year it has been all down hill for no = apparent reason other than lack of news and horrendous market = conditions. The company has not been proactively out in the investment = community, choosing not to swim against the tide. They are waiting for = calmer waters before proceeding.=20 Yesterday, just before the market opened, Energy = Power made it first very positive announcement in some time. The company = announced its Offshore and Engineering Division had been awarded $6.2 = million in contracts by major energy companies operating in Atlantic = Canada. Click Here to read the entire text of the news release.=20 We are expecting Energy Power to make a come = back this Fall, predicated on the possibility of major new business. = Stay tuned for more developments. The stock is oversold at current = levels, and the company is doing well.=20 Charts Provided Courtesy Of TradePortal.com=20 The OTC Journal is a proud partner of the = SwingWire.com Online Investment Community. A next generation Online = Analyst Exchange providing Members the ability to search, review, track = and monitor some of the Internet's best Online CAs (CyberAnalysts). = Members have the opportunity to potentially achieve higher returns by = viewing top performing portfolios and receiving real-time alerts from = favorite CAs. =20 SwingWire.com also has a lucrative incentive = model for experienced investors and traders who consistently outperform = the market. Share market ideas with other like-minded investors, = establish a proven track record, provide insightful commentary, attract = followers and ultimately become one of the Internet's highest paid and = most sought after CyberAnalysts! =20 Click here to receive your FREE 30-Day Trial = Membership with no further obligation. Sign Up Today! =20 =20 =20 =20 Disclaimer=20 The OTCjournal.com Newsletter is an independent = electronic publication committed to providing our readers with factual = information on selected publicly traded companies. All companies are = chosen on the basis of certain financial analysis and other pertinent = criteria with a view toward maximizing the upside potential for = investors while minimizing the downside risk, whenever possible. = Moreover, as detailed below, this publication accepts compensation from = certain of the companies which it features. Likewise, this newsletter = is owned by MarketByte, LLC. To the degrees enumerated herein, this = newsletter should not be regarded as an independent publication.=20 Click Here to view our compensation on every = company we have ever covered, or visit the following web address: = http://www.otcjournal.com/disclaimer.html for our full profiles and = http://www.otcjournal.com/trading-alerts/disclaimer.html for Trading = Alerts.=20 MarketByte LLC has been paid a fee of 125,000 = shares of free trading stock of Energy Power Systems Limited for = representing the company for one year. The fee has been paid by = Fieldston Traders LTD acting on behalf of the company. The contract = expired February 12, 2002. Marketbyte LLC currently has no contractual = obligation or any shares of Energy Power.=20 All statements and expressions are the sole = opinions of the editors and are subject to change without notice. A = profile, description, or other mention of a company in the newsletter is = neither an offer nor solicitation to buy or sell any securities = mentioned. While we believe all sources of information to be factual and = reliable, in no way do we represent or guarantee the accuracy thereof, = nor the statements made herein.=20 The editor, members of the editor's family, = and/or entities with which they are affiliated, are forbidden by company = policy to own, buy, sell or otherwise trade stock for their own benefit = in the companies who appear in the publication unless specifically = disclosed in the newsletter.=20 The profiles, critiques, and other editorial = content of the OTCjournal.com may contain forward-looking statements = relating to the expected capabilities of the companies mentioned herein. = THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR = OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. = INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF = RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE = COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED = IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF = OTCjournal.com.=20 We encourage our readers to invest carefully and = read the investor information available at the web sites of the = Securities and Exchange Commission ("SEC") at http://www.sec.govand/or = the National Association of Securities Dealers ("NASD") at = http://www.nasd.com. We also strongly recommend that you read the SEC = advisory to investors concerning Internet Stock Fraud, which can be = found at http://www.sec.gov/consumer/cyberfr.htm. Disclaimer = ID:0esYJlLv Readers can review all public filings by companies at the = SEC's EDGAR page. The NASD has published information on how to invest = carefully at its web site.=20 =20 Unsubscribe Here=20 =20 =20 You can unsubscribe from this list at any time = by Clicking Here and HITTING SEND. If you are having difficulty removing = yourself or wish to change your address please go to = http://listserv.otcjournal.com/opt.cgi?email=3Dmikegibbons@proactech.com.= =20 =20 =20 =20 =20 =20 =20 =20 =20 =20 =20 =20 =20 =20 --- You are currently subscribed to otcjournal as: mikegibbons@proactech.com To unsubscribe send a blank email to = leave-otcjournal-415861W@lyris.otcjournal.com=20 ------=_NextPart_000_0149_01C2408F.C8A39560 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Mike, as the newsletter says, NVDA indicated the = future=20 looks bleak.  Past 4 qtrs of fundamentals are very strong, but now = they=20 will be comparing to those strong fundies for the next 4 qtrs. And = forecast from=20 DGO indicates a 16% decline in earnings this year, and only a 7% gain = from that=20 lower level next year (which won't quite get them back to what they made = last=20 year).  I also disagree with some of the statements made in the = newsletter=20 about the Naz chart, I am not impressed with their reading, or their=20 understanding of a double bottom either.
 
----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Saturday, August 10, 2002 4:44 PM
Subject: [CANSLIM] FW: Summer Relief Rally- Is It Possible? = and=20 Energy Power in the News

The=20 following newsletter just showed up in my inbox. I didn't know I = was an OTC=20 Journal Member and have no knowledge if the reliability of their=20 analysis
 
I=20 pass it on because of its analysis regarding "M" for the NASDAQ, not for = the=20 stock picks contained herein. FLEX is definitely not a CANSLIM stock but = NVDA is=20 puzzling. the CANSLIM Evaluator gives it very strong marks for "C" and = "A" and=20 investors.com gives the EPS at 99 and SMR as "A", and yet this is a = heavily=20 beaten down stock with an RS of just 2. The group has performed very = poorly=20 (gets and E) and there is no accumulation of this stock, and yet its=20 fundamentals seem very strong. Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
-----Original Message-----
From:=20 bounce-otcjournal-415861@lyris.otcjournal.com=20 [mailto:bounce-otcjournal-415861@lyris.otcjournal.com]
Sent: = Saturday,=20 August 10, 2002 6:58 AM
To:=20 mikegibbons@proactech.com
Subject: Summer Relief Rally- Is It=20 Possible? and Energy Power in the News

If you are reading = this=20 message in plaintext or if you have an AOL address you must click on = this link:=20 http:/= /listserv.otcjournal.com/otcjournal/20020810-1.html=20 and wait for a web page to automatically open up to properly read this=20 newsletter.
=20
August 10,=20 2002
Volume V,=20 Issue 60
Email : = info@otcjournal.com= =20
URL = : http://www.otcjournal.com<= /FONT>=20

To OTC Journal=20 Members:
 =20
Special = Announcement:=20 Trading Alert Next Week

We're = looking at a=20 situation which may turn into a Trading = Alert on=20 Tuesday or Wednesday afternoon next week. Before = deciding if you want to participate, please read = the=20 OTC Journal's section on Trading=20 Alerts found on the left hand menu bar = of our=20 home page. For a Track Record of former = Trading=20 Alerts, Click=20 Here.=20

Keep an = eye on your=20 inbox for an exciting opportunity in the middle = of next=20 week.
 =20
Summer Relief Rally- Is = It=20 = Possible?

=20

The = market was up=20 this past week for the first time in several = months. All=20 the major averages posted solid gains, taking = investors=20 by surprise. Some attributed this past week's=20 performance to expectations of an interest rate = cut when=20 the FED meets on Wednesday. This seems highly = unlikely,=20 as 11 interest rate cuts last year didn't=20 work.=20

Others = attributed=20 this week's performance to the absence of = sellers.=20 Overseas investors have been liquidating US = equities for=20 months, and they seem to have run out of stock = to sell.=20 Short sellers were conspicuous in their absence. = They're=20 probably all buying new mansions in the Hamptons = and=20 jetting around the world enjoying the billions = in=20 profits they have accumulated in the past 2 1/2 = years.=20 Wall Street pays off when you're = right.=20

Despite = the typical=20 August seasonal lack of interest and pervasive = doom and=20 gloom, this chart of the NASDAQ Composite = suggests we=20 may be in for a summer relief = rally.=20

This = past week the=20 NASDAQ broke up its' downtrend line (shown in = red) for=20 the first time since the sell off steepened in = mid May,=20 leading to three months of bloodletting on all = the major=20 indexes.=20

In = addition, the=20 NASDAQ has recently put in a double bottom. The = second=20 bottom was slightly higher than the first. = Technicians=20 will tell you this is a bullish indicator in the = short=20 term.=20

As long = as the=20 NASDAQ stays above the red line, there is a = possibility=20 of temporary rebound into the 1450 area. Of = course, this=20 will not change the long term downtrend. We = believe the=20 trend will continue until October or November, = when a=20 new, very weak, and very young Bull will be=20 born.=20

Here are = a couple of=20 oversold trading ideas which may yield a short = term=20 profit if the market puts in a relief rally. = This=20 scenario may not play out, so use a stop loss as = an=20 insurance policy against a new leg = down.=20
 =20
Flextronics = (NASDAQ:=20 FLEX)

=20

Flextronics=20 is probably the largest outsourced off shore=20 manufacturer of electronic devices. OEM = (Original=20 Equipment Manufacturers) outsource their = production to=20 this company.=20

Formerly = a profit=20 powerhouse, the company's fortunes have declined = along=20 with the entire technology industry, and they = are losing=20 money at this point in time. However, the value = is=20 compelling at this level.=20

Annual = sales run=20 about $13 billion. At this price, the company is = trading=20 with a $4.2 billion market cap, or about 1/3 of = sales.=20 It is also trading at less than book value = (liquidation=20 value), which is about $8.62 per = share.=20

The = chart suggests a=20 slight uptrend started in late June when the = stock hit=20 it's all time low of $6. If the market improves, = this=20 one may want to go back an fill the gap from = early June,=20 suggesting a good target price might be=20 $12.=20

However, = stay light=20 on your feet. The company's fortunes are = declining. A=20 stop loss based on your risk tolerance is highly = recommended.
 =20
Nvidia = Corporation=20 (NASDAQ: NVDA)

=
 =20

Here's a = stock=20 traders have taken out to the woodshed and = beaten to=20 death. The company designs and manufactures 3-D = graphics=20 processors and graphics processing = units.=20

The = company has a=20 book value of $5.72, $5.45 per share in cash, = and at=20 current levels trades with a PE ratio of about = 7. This=20 company had an adequate June quarter, but = announced the=20 future looked bleak. =20

In = favorable market=20 conditions this stock could rebound into the = middle of=20 the blue bands. This shows the average price = since the=20 stock began it current leg down, toppling from = $24 to=20 just above $9 in less than a = month.=20

Most of = the analyst=20 community downgraded this stock once it reached = the $9=20 level, which is a bullish sign as far as we are=20 concerned.=20

Again, = if you decide=20 to roll the dice, a stop loss to minimize the = risk is=20 strongly suggested.
  =
 =20
Energy Power = Systems=20 (AMEX: EGY) Back in the = News

Energy Power=20 Systems, one of our long term profiles, was = back in=20 the news for the first time in months yesterday = morning.=20 This stock was a big winner for us in 2001, = yielding a=20 profit of 60% to 70% for our members who sold = towards=20 the end of the year.=20

This = year it has=20 been all down hill for no apparent reason other = than=20 lack of news and horrendous market conditions. = The=20 company has not been proactively out in the = investment=20 community, choosing not to swim against the = tide. They=20 are waiting for calmer waters before=20 proceeding.=20

Yesterday, just=20 before the market opened, Energy Power = made it=20 first very positive announcement in some time. = The=20 company announced its Offshore and Engineering = Division=20 had been awarded $6.2 million in contracts = by major energy companies operating in = Atlantic=20 Canada. Click=20 Here to read the entire text of the news=20 release.=20

We are = expecting=20 Energy Power to make a come back this = Fall,=20 predicated on the possibility of major new = business.=20 Stay tuned for more developments. The stock is = oversold=20 at current levels, and the company is doing=20 well.

Charts = Provided=20 Courtesy Of TradePortal.com=20
The OTC = Journal is a=20 proud partner of the SwingWire.com=20 Online Investment Community. A next = generation=20 Online Analyst Exchange providing Members = the=20 ability to search, review, track and monitor = some of the=20 Internet's best Online CAs=20 (CyberAnalysts). Members have the = opportunity to=20 potentially achieve higher = returns by viewing top=20 performing portfolios and receiving = real-time=20 alerts from favorite CAs. =20

SwingWire.com=20 also has a lucrative incentive model for = experienced=20 investors and traders who consistently = outperform the=20 market. Share market ideas with other = like-minded=20 investors, establish a proven track record, = provide=20 insightful commentary, attract followers and = ultimately=20 become one of the Internet's highest paid and = most=20 sought after CyberAnalysts! =20

Click=20 here to receive your FREE 30-Day Trial = Membership with=20 no further obligation. Sign Up=20 Today! =20 =
 

Disclaimer
The = OTCjournal.com=20 Newsletter is an independent electronic = publication=20 committed to providing our readers with factual=20 information on selected  publicly traded = companies.=20 All companies are chosen on the basis of certain = financial analysis and other pertinent criteria = with a=20 view toward  maximizing the upside = potential for=20 investors while minimizing the downside risk, = whenever=20 possible.  Moreover, as detailed below, = this=20 publication accepts compensation from certain of = the=20 companies which it features.  Likewise, = this=20 newsletter is owned by MarketByte, LLC.  To = the=20 degrees enumerated herein,  this newsletter = should=20 not be regarded as an independent=20 publication.=20

Click=20 Here to view our compensation on every = company we=20 have ever covered, or visit the following web=20 address:  http://www.otcjournal.= com/disclaimer.html=20 for our full profiles and http://= www.otcjournal.com/trading-alerts/disclaimer.html=20 for Trading Alerts.=20

MarketByte LLC has=20 been paid a fee of 125,000 shares of free = trading stock=20 of Energy Power Systems Limited for representing = the=20 company for one year. The fee has been paid by = Fieldston=20 Traders LTD acting on behalf of the company. The = contract expired February 12, 2002. Marketbyte = LLC=20 currently has no contractual obligation or any = shares of=20 Energy Power.=20

All = statements and=20 expressions are the sole  opinions of the = editors=20 and are subject to change without notice. A = profile,=20 description, or other mention of a company in = the=20 newsletter is neither an offer nor solicitation = to buy=20 or sell any securities  mentioned. While we = believe=20 all sources of information to be factual and = reliable,=20 in no way do we represent or guarantee the = accuracy=20 thereof, nor the statements made = herein.=20

The = editor, members=20 of the editor's family, and/or entities with = which they=20 are affiliated, are forbidden by company policy = to own,=20 buy, sell or otherwise trade stock for their own = benefit=20 in the companies who appear in the publication = unless=20 specifically disclosed in the = newsletter.=20

The = profiles,=20 critiques, and other editorial content of the=20 OTCjournal.com may contain forward-looking = statements=20 relating to the expected capabilities of the = companies=20 mentioned herein.=20

THE = READER SHOULD=20 VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE = BEFORE=20 INVESTING IN ANY SECURITIES MENTIONED. INVESTING = IN  SECURITIES IS SPECULATIVE AND CARRIES A = HIGH=20 DEGREE OF RISK. THE INFORMATION FOUND IN THIS = PROFILE IS=20 PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED = STATES AND=20 MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY = WITHOUT THE=20 EXPRESSED, WRITTEN  CONSENT OF THE EDITORS = OF=20 OTCjournal.com.=20

We = encourage our=20 readers to invest carefully and read the = investor=20 information available at the web sites of  = the=20 Securities and Exchange Commission ("SEC") at http://www.sec.govand/or=20 the National Association of Securities Dealers = ("NASD")=20 at http://www.nasd.com. We=20 also strongly recommend that you read the SEC = advisory=20 to investors concerning Internet Stock Fraud, = which can=20 be found at  http://www.sec.gov/consu= mer/cyberfr.htm.=20 Disclaimer ID:0esYJlLv Readers can review all = public=20 filings by companies at the SEC's EDGAR page. = The NASD=20 has published information on how to invest = carefully at=20 its web site.

=
Unsubscribe=20 Here
<= /CENTER>
You can unsubscribe from this list at = any time=20 by Clicking=20 Here and HITTING SEND. If you are = having=20 difficulty removing yourself or wish to change = your=20 address please go to http://listserv.otcjournal.com/opt.cgi?email=3Dmikegibbons@proac= tech.com.

  =
 =20 ---
You are currently subscribed to otcjournal as:=20 mikegibbons@proactech.com
To unsubscribe send a blank email to=20 leave-otcjournal-415861W@lyris.otcjournal.com ------=_NextPart_000_0149_01C2408F.C8A39560-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in the News Date: 10 Aug 2002 11:21:37 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_001B_01C24060.173543C0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Thanks Tom for explaining the apparant contradiction - I need to look beyond the end of my nose. Regarding the double-bottom, I presume you are referring to the fact that the second bottom didn't undercut the first. I guess a third bottom is somewhere in the NAS's future, which seemed to be the conclusion anyway. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, August 10, 2002 11:03 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in the News Mike, as the newsletter says, NVDA indicated the future looks bleak. Past 4 qtrs of fundamentals are very strong, but now they will be comparing to those strong fundies for the next 4 qtrs. And forecast from DGO indicates a 16% decline in earnings this year, and only a 7% gain from that lower level next year (which won't quite get them back to what they made last year). I also disagree with some of the statements made in the newsletter about the Naz chart, I am not impressed with their reading, or their understanding of a double bottom either. ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Saturday, August 10, 2002 4:44 PM Subject: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in the News The following newsletter just showed up in my inbox. I didn't know I was an OTC Journal Member and have no knowledge if the reliability of their analysis I pass it on because of its analysis regarding "M" for the NASDAQ, not for the stock picks contained herein. FLEX is definitely not a CANSLIM stock but NVDA is puzzling. the CANSLIM Evaluator gives it very strong marks for "C" and "A" and investors.com gives the EPS at 99 and SMR as "A", and yet this is a heavily beaten down stock with an RS of just 2. The group has performed very poorly (gets and E) and there is no accumulation of this stock, and yet its fundamentals seem very strong. Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: bounce-otcjournal-415861@lyris.otcjournal.com [mailto:bounce-otcjournal-415861@lyris.otcjournal.com] Sent: Saturday, August 10, 2002 6:58 AM To: mikegibbons@proactech.com Subject: Summer Relief Rally- Is It Possible? and Energy Power in the News If you are reading this message in plaintext or if you have an AOL address you must click on this link: http://listserv.otcjournal.com/otcjournal/20020810-1.html and wait for a web page to automatically open up to properly read this newsletter. August 10, 2002 Volume V, Issue 60 Email : info@otcjournal.com URL : http://www.otcjournal.com To OTC Journal Members: Special Announcement: Trading Alert Next Week We're looking at a situation which may turn into a Trading Alert on Tuesday or Wednesday afternoon next week. Before deciding if you want to participate, please read the OTC Journal's section on Trading Alerts found on the left hand menu bar of our home page. For a Track Record of former Trading Alerts, Click Here. Keep an eye on your inbox for an exciting opportunity in the middle of next week. Summer Relief Rally- Is It Possible? The market was up this past week for the first time in several months. All the major averages posted solid gains, taking investors by surprise. Some attributed this past week's performance to expectations of an interest rate cut when the FED meets on Wednesday. This seems highly unlikely, as 11 interest rate cuts last year didn't work. Others attributed this week's performance to the absence of sellers. Overseas investors have been liquidating US equities for months, and they seem to have run out of stock to sell. Short sellers were conspicuous in their absence. They're probably all buying new mansions in the Hamptons and jetting around the world enjoying the billions in profits they have accumulated in the past 2 1/2 years. Wall Street pays off when you're right. Despite the typical August seasonal lack of interest and pervasive doom and gloom, this chart of the NASDAQ Composite suggests we may be in for a summer relief rally. This past week the NASDAQ broke up its' downtrend line (shown in red) for the first time since the sell off steepened in mid May, leading to three months of bloodletting on all the major indexes. In addition, the NASDAQ has recently put in a double bottom. The second bottom was slightly higher than the first. Technicians will tell you this is a bullish indicator in the short term. As long as the NASDAQ stays above the red line, there is a possibility of temporary rebound into the 1450 area. Of course, this will not change the long term downtrend. We believe the trend will continue until October or November, when a new, very weak, and very young Bull will be born. Here are a couple of oversold trading ideas which may yield a short term profit if the market puts in a relief rally. This scenario may not play out, so use a stop loss as an insurance policy against a new leg down. Flextronics (NASDAQ: FLEX) Flextronics is probably the largest outsourced off shore manufacturer of electronic devices. OEM (Original Equipment Manufacturers) outsource their production to this company. Formerly a profit powerhouse, the company's fortunes have declined along with the entire technology industry, and they are losing money at this point in time. However, the value is compelling at this level. Annual sales run about $13 billion. At this price, the company is trading with a $4.2 billion market cap, or about 1/3 of sales. It is also trading at less than book value (liquidation value), which is about $8.62 per share. The chart suggests a slight uptrend started in late June when the stock hit it's all time low of $6. If the market improves, this one may want to go back an fill the gap from early June, suggesting a good target price might be $12. However, stay light on your feet. The company's fortunes are declining. A stop loss based on your risk tolerance is highly recommended. Nvidia Corporation (NASDAQ: NVDA) Here's a stock traders have taken out to the woodshed and beaten to death. The company designs and manufactures 3-D graphics processors and graphics processing units. The company has a book value of $5.72, $5.45 per share in cash, and at current levels trades with a PE ratio of about 7. This company had an adequate June quarter, but announced the future looked bleak. In favorable market conditions this stock could rebound into the middle of the blue bands. This shows the average price since the stock began it current leg down, toppling from $24 to just above $9 in less than a month. Most of the analyst community downgraded this stock once it reached the $9 level, which is a bullish sign as far as we are concerned. Again, if you decide to roll the dice, a stop loss to minimize the risk is strongly suggested. Energy Power Systems (AMEX: EGY) Back in the News Energy Power Systems, one of our long term profiles, was back in the news for the first time in months yesterday morning. This stock was a big winner for us in 2001, yielding a profit of 60% to 70% for our members who sold towards the end of the year. This year it has been all down hill for no apparent reason other than lack of news and horrendous market conditions. The company has not been proactively out in the investment community, choosing not to swim against the tide. They are waiting for calmer waters before proceeding. Yesterday, just before the market opened, Energy Power made it first very positive announcement in some time. The company announced its Offshore and Engineering Division had been awarded $6.2 million in contracts by major energy companies operating in Atlantic Canada. Click Here to read the entire text of the news release. We are expecting Energy Power to make a come back this Fall, predicated on the possibility of major new business. Stay tuned for more developments. The stock is oversold at current levels, and the company is doing well. Charts Provided Courtesy Of TradePortal.com The OTC Journal is a proud partner of the SwingWire.com Online Investment Community. A next generation Online Analyst Exchange providing Members the ability to search, review, track and monitor some of the Internet's best Online CAs (CyberAnalysts). Members have the opportunity to potentially achieve higher returns by viewing top performing portfolios and receiving real-time alerts from favorite CAs. SwingWire.com also has a lucrative incentive model for experienced investors and traders who consistently outperform the market. Share market ideas with other like-minded investors, establish a proven track record, provide insightful commentary, attract followers and ultimately become one of the Internet's highest paid and most sought after CyberAnalysts! Click here to receive your FREE 30-Day Trial Membership with no further obligation. Sign Up Today! Disclaimer The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, this publication accepts compensation from certain of the companies which it features. Likewise, this newsletter is owned by MarketByte, LLC. To the degrees enumerated herein, this newsletter should not be regarded as an independent publication. Click Here to view our compensation on every company we have ever covered, or visit the following web address: http://www.otcjournal.com/disclaimer.html for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html for Trading Alerts. MarketByte LLC has been paid a fee of 125,000 shares of free trading stock of Energy Power Systems Limited for representing the company for one year. The fee has been paid by Fieldston Traders LTD acting on behalf of the company. The contract expired February 12, 2002. Marketbyte LLC currently has no contractual obligation or any shares of Energy Power. All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which they are affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed in the newsletter. The profiles, critiques, and other editorial content of the OTCjournal.com may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com. We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at http://www.sec.govand/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm. Disclaimer ID:0esYJlLv Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site. Unsubscribe Here You can unsubscribe from this list at any time by Clicking Here and HITTING SEND. If you are having difficulty removing yourself or wish to change your address please go to http://listserv.otcjournal.com/opt.cgi?email=mikegibbons@proactech.com. --- You are currently subscribed to otcjournal as: mikegibbons@proactech.com To unsubscribe send a blank email to leave-otcjournal-415861W@lyris.otcjournal.com ------=_NextPart_000_001B_01C24060.173543C0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Thanks Tom for explaining the apparant contradiction - I need = to look=20 beyond the end of my nose.
 
Regarding the double-bottom, I presume you are referring to the = fact that=20 the second bottom didn't undercut the first. I guess a third bottom is = somewhere=20 in the NAS's future, which seemed to be the conclusion=20 anyway.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Saturday, August 10, 2002 11:03 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] FW: Summer = Relief=20 Rally- Is It Possible? and Energy Power in the = News

Mike, as the newsletter says, NVDA indicated = the future=20 looks bleak.  Past 4 qtrs of fundamentals are very strong, but = now they=20 will be comparing to those strong fundies for the next 4 qtrs. And = forecast=20 from DGO indicates a 16% decline in earnings this year, and only a 7% = gain=20 from that lower level next year (which won't quite get them back to = what they=20 made last year).  I also disagree with some of the statements = made in the=20 newsletter about the Naz chart, I am not impressed with their reading, = or=20 their understanding of a double bottom either.
 
----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Saturday, August 10, 2002 4:44 PM
Subject: [CANSLIM] FW: Summer Relief Rally- Is It = Possible? and=20 Energy Power in the News

The=20 following newsletter just showed up in my inbox. I didn't know I = was an=20 OTC Journal Member and have no knowledge if the reliability of their=20 analysis
 
I=20 pass it on because of its analysis regarding "M" for the NASDAQ, not = for the=20 stock picks contained herein. FLEX is definitely not a CANSLIM stock = but NVDA=20 is puzzling. the CANSLIM Evaluator gives it very strong marks for "C" = and "A"=20 and investors.com gives the EPS at 99 and SMR as "A", and yet this is = a=20 heavily beaten down stock with an RS of just 2. The group has = performed very=20 poorly (gets and E) and there is no accumulation of this stock, and = yet its=20 fundamentals seem very strong. Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
-----Original Message-----
From:=20 bounce-otcjournal-415861@lyris.otcjournal.com=20 [mailto:bounce-otcjournal-415861@lyris.otcjournal.com]
Sent: = Saturday, August 10, 2002 6:58 AM
To:=20 mikegibbons@proactech.com
Subject: Summer Relief Rally- Is = It=20 Possible? and Energy Power in the News

If you are = reading this=20 message in plaintext or if you have an AOL address you must click on = this=20 link: http:/= /listserv.otcjournal.com/otcjournal/20020810-1.html=20 and wait for a web page to automatically open up to properly read this = newsletter.
=20
August 10,=20 2002
Volume V,=20 Issue 60
Email : = info@otcjournal.com= =20
URL : http://www.otcjournal.com<= /FONT>=20

To OTC Journal = Members:
 =20
Special=20 Announcement: Trading Alert Next=20 Week

We're = looking at a=20 situation which may turn into a Trading = Alert=20 on Tuesday or Wednesday afternoon next week. = Before=20 deciding if you want to participate, please = read the=20 OTC Journal's section on Trading=20 Alerts found on the left hand menu bar = of our=20 home page. For a Track Record of former = Trading=20 Alerts, Click=20 Here.=20

Keep = an eye on=20 your inbox for an exciting opportunity in the = middle=20 of next week.
 =20
Summer Relief Rally- Is = It=20 = Possible?

=20

The = market was up=20 this past week for the first time in several = months.=20 All the major averages posted solid gains, = taking=20 investors by surprise. Some attributed this = past=20 week's performance to expectations of an = interest rate=20 cut when the FED meets on Wednesday. This = seems highly=20 unlikely, as 11 interest rate cuts last year = didn't=20 work.=20

Others = attributed=20 this week's performance to the absence of = sellers.=20 Overseas investors have been liquidating US = equities=20 for months, and they seem to have run out of = stock to=20 sell. Short sellers were conspicuous in their = absence.=20 They're probably all buying new mansions in = the=20 Hamptons and jetting around the world enjoying = the=20 billions in profits they have accumulated in = the past=20 2 1/2 years. Wall Street pays off when you're=20 right.=20

Despite the=20 typical August seasonal lack of interest and = pervasive=20 doom and gloom, this chart of the NASDAQ = Composite=20 suggests we may be in for a summer relief=20 rally.=20

This = past week the=20 NASDAQ broke up its' downtrend line (shown in = red) for=20 the first time since the sell off steepened in = mid=20 May, leading to three months of bloodletting = on all=20 the major indexes.=20

In = addition, the=20 NASDAQ has recently put in a double bottom. = The second=20 bottom was slightly higher than the first. = Technicians=20 will tell you this is a bullish indicator in = the short=20 term.=20

As = long as the=20 NASDAQ stays above the red line, there is a=20 possibility of temporary rebound into the 1450 = area.=20 Of course, this will not change the long term=20 downtrend. We believe the trend will continue = until=20 October or November, when a new, very weak, = and very=20 young Bull will be born.=20

Here = are a couple=20 of oversold trading ideas which may yield a = short term=20 profit if the market puts in a relief rally. = This=20 scenario may not play out, so use a stop loss = as an=20 insurance policy against a new leg = down.=20
 =20
Flextronics = (NASDAQ: FLEX)

=

Flextronics=20 is probably the largest outsourced off shore=20 manufacturer of electronic devices. OEM = (Original=20 Equipment Manufacturers) outsource their = production to=20 this company.=20

Formerly a profit=20 powerhouse, the company's fortunes have = declined along=20 with the entire technology industry, and they = are=20 losing money at this point in time. However, = the value=20 is compelling at this level.=20

Annual = sales run=20 about $13 billion. At this price, the company = is=20 trading with a $4.2 billion market cap, or = about 1/3=20 of sales. It is also trading at less than book = value=20 (liquidation value), which is about $8.62 per=20 share.=20

The = chart suggests=20 a slight uptrend started in late June when the = stock=20 hit it's all time low of $6. If the market = improves,=20 this one may want to go back an fill the gap = from=20 early June, suggesting a good target price = might be=20 $12.=20

However, stay=20 light on your feet. The company's fortunes are = declining. A stop loss based on your risk = tolerance is=20 highly recommended.
 =20
Nvidia = Corporation=20 (NASDAQ: NVDA)

=
 =20

Here's = a stock=20 traders have taken out to the woodshed and = beaten to=20 death. The company designs and manufactures = 3-D=20 graphics processors and graphics processing=20 units.=20

The = company has a=20 book value of $5.72, $5.45 per share in cash, = and at=20 current levels trades with a PE ratio of about = 7. This=20 company had an adequate June quarter, but = announced=20 the future looked bleak. =20

In = favorable=20 market conditions this stock could rebound = into the=20 middle of the blue bands. This shows the = average price=20 since the stock began it current leg down, = toppling=20 from $24 to just above $9 in less than a=20 month.=20

Most = of the=20 analyst community downgraded this stock once = it=20 reached the $9 level, which is a bullish sign = as far=20 as we are concerned.=20

Again, = if you=20 decide to roll the dice, a stop loss to = minimize the=20 risk is strongly suggested. =
 =20
 =20
Energy = Power=20 Systems (AMEX: EGY) Back in the=20 News

Energy Power=20 Systems, one of our long term profiles, = was back=20 in the news for the first time in months = yesterday=20 morning. This stock was a big winner for us in = 2001,=20 yielding a profit of 60% to 70% for our = members who=20 sold towards the end of the = year.=20

This = year it has=20 been all down hill for no apparent reason = other than=20 lack of news and horrendous market conditions. = The=20 company has not been proactively out in the = investment=20 community, choosing not to swim against the = tide. They=20 are waiting for calmer waters before=20 proceeding.=20

Yesterday, just=20 before the market opened, Energy Power = made it=20 first very positive announcement in some time. = The=20 company announced its Offshore and Engineering = Division had been awarded $6.2 million = in=20 contracts by major energy companies = operating=20 in Atlantic Canada. Click=20 Here to read the entire text of the news=20 release.=20

We are = expecting=20 Energy Power to make a come back this = Fall,=20 predicated on the possibility of major new = business.=20 Stay tuned for more developments. The stock is = oversold at current levels, and the company is = doing=20 well.

Charts = Provided=20 Courtesy Of TradePortal.com=20
The OTC = Journal is a=20 proud partner of the SwingWire.com=20 Online Investment Community. A next = generation=20 Online Analyst Exchange providing = Members the=20 ability to search, review, track and monitor = some of=20 the Internet's best Online CAs=20 (CyberAnalysts). Members have the = opportunity=20 to potentially achieve higher=20 returns by viewing top=20 performing portfolios and receiving = real-time=20 alerts from favorite CAs. =20

SwingWire.com=20 also has a lucrative incentive model for = experienced=20 investors and traders who consistently = outperform the=20 market. Share market ideas with other = like-minded=20 investors, establish a proven track record, = provide=20 insightful commentary, attract followers and=20 ultimately become one of the Internet's = highest paid=20 and most sought after=20 CyberAnalysts! =20

Click=20 here to receive your FREE 30-Day Trial = Membership with=20 no further obligation. Sign Up=20 Today! =20 =
 

Disclaimer
The=20 OTCjournal.com Newsletter is an independent = electronic=20 publication committed to providing our readers = with=20 factual information on selected  publicly = traded=20 companies. All companies are chosen on the = basis of=20 certain financial analysis and other pertinent = criteria with a view toward  maximizing = the=20 upside potential for investors while = minimizing the=20 downside risk, whenever possible.  = Moreover, as=20 detailed below, this publication accepts = compensation=20 from certain of the companies which it = features. =20 Likewise, this newsletter is owned by = MarketByte,=20 LLC.  To the degrees enumerated = herein, =20 this newsletter should not be regarded as an=20 independent publication.=20

Click=20 Here to view our compensation on every = company we=20 have ever covered, or visit the following web=20 address:  http://www.otcjournal.= com/disclaimer.html=20 for our full profiles and http://= www.otcjournal.com/trading-alerts/disclaimer.html=20 for Trading Alerts.=20

MarketByte LLC has=20 been paid a fee of 125,000 shares of free = trading=20 stock of Energy Power Systems Limited for = representing=20 the company for one year. The fee has been = paid by=20 Fieldston Traders LTD acting on behalf of the = company.=20 The contract expired February 12, 2002. = Marketbyte LLC=20 currently has no contractual obligation or any = shares=20 of Energy Power.=20

All = statements and=20 expressions are the sole  opinions of the = editors=20 and are subject to change without notice. A = profile,=20 description, or other mention of a company in = the=20 newsletter is neither an offer nor = solicitation to buy=20 or sell any securities  mentioned. While = we=20 believe all sources of information to be = factual and=20 reliable, in no way do we represent or = guarantee the=20 accuracy thereof, nor the statements made=20 herein.=20

The = editor,=20 members of the editor's family, and/or = entities with=20 which they are affiliated, are forbidden by = company=20 policy to own, buy, sell or otherwise trade = stock for=20 their own benefit in the companies who appear = in the=20 publication unless specifically disclosed in = the=20 newsletter.=20

The = profiles,=20 critiques, and other editorial content of the=20 OTCjournal.com may contain forward-looking = statements=20 relating to the expected capabilities of the = companies=20 mentioned herein.=20

THE = READER SHOULD=20 VERIFY ALL CLAIMS AND DO THEIR OWN DUE = DILIGENCE=20 BEFORE INVESTING IN ANY SECURITIES MENTIONED.=20 INVESTING IN  SECURITIES IS SPECULATIVE = AND=20 CARRIES A HIGH DEGREE OF RISK. THE INFORMATION = FOUND=20 IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT = LAWS OF=20 THE UNITED STATES AND MAY NOT BE COPIED, OR = REPRODUCED=20 IN ANY WAY WITHOUT THE EXPRESSED, = WRITTEN =20 CONSENT OF THE EDITORS OF=20 OTCjournal.com.=20

We = encourage our=20 readers to invest carefully and read the = investor=20 information available at the web sites = of  the=20 Securities and Exchange Commission ("SEC") at = http://www.sec.govand/or=20 the National Association of Securities Dealers = ("NASD") at http://www.nasd.com.=20 We also strongly recommend that you read the = SEC=20 advisory to investors concerning Internet = Stock Fraud,=20 which can be found at  http://www.sec.gov/consu= mer/cyberfr.htm.=20 Disclaimer ID:0esYJlLv Readers can review all = public=20 filings by companies at the SEC's EDGAR page. = The NASD=20 has published information on how to invest = carefully=20 at its web site.

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You are=20 currently subscribed to otcjournal as: mikegibbons@proactech.com
To = unsubscribe send a blank email to=20 leave-otcjournal-415861W@lyris.otcjournal.com = ------=_NextPart_000_001B_01C24060.173543C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in the News Date: 10 Aug 2002 17:32:58 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_017E_01C24093.F82994C0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Mike, what I was referring to is the following quote: This past week the NASDAQ broke up its' downtrend line (shown in red) = for the first time since the sell off steepened in mid May, leading to = three months of bloodletting on all the major indexes.=20 In addition, the NASDAQ has recently put in a double bottom. The second = bottom was slightly higher than the first. Technicians will tell you = this is a bullish indicator in the short term.=20 Last week was not the first time Naz broke up thru its downtrend line, = even on their own chart. And I don't know of any technicians that prefer = the second bottom to remain above the first bottom, least that is not = how I was trained on them. A good undercut doesn't guarantee there = won't be a third bottom, but the failure to undercut increases the odds = of a failed rally, and the "shortness" of the term for the rally is = thereby very much less predictable. The only ones I know that would like = this would be shorters looking for an improved selling point, before the = market tanks again to even lower levels. This is contrary to their = advice on NVDA and several other stocks, beaten down by the market, = which they see as bounce plays (which is what I gathered they see on = NVDA, buy for a bounce only, not because of the fundies). I would add that the last double bottom by NASDAQ fooled me into false = belief (hope??) that the bottom had finally been reached. My standards = this time are more severe, even tho I remain fully invested, and beat = the indexes again last week. ----- Original Message -----=20 Sent: Saturday, August 10, 2002 5:21 PM Energy Power in the News Thanks Tom for explaining the apparant contradiction - I need to look = beyond the end of my nose. Regarding the double-bottom, I presume you are referring to the fact = that the second bottom didn't undercut the first. I guess a third bottom = is somewhere in the NAS's future, which seemed to be the conclusion = anyway. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, August 10, 2002 11:03 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and = Energy Power in the News Mike, as the newsletter says, NVDA indicated the future looks bleak. = Past 4 qtrs of fundamentals are very strong, but now they will be = comparing to those strong fundies for the next 4 qtrs. And forecast from = DGO indicates a 16% decline in earnings this year, and only a 7% gain = from that lower level next year (which won't quite get them back to what = they made last year). I also disagree with some of the statements made = in the newsletter about the Naz chart, I am not impressed with their = reading, or their understanding of a double bottom either. @lyris.otcjournal.com=20 ------=_NextPart_000_017E_01C24093.F82994C0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Mike, what I was referring to is the following=20 quote:

This past week the NASDAQ broke = up its'=20 downtrend line (shown in red) for the first time since the sell off = steepened in=20 mid May, leading to three months of bloodletting on all the major=20 indexes.=20

In addition, the NASDAQ has = recently put in=20 a double bottom. The second bottom was slightly higher than the first.=20 Technicians will tell you this is a bullish indicator in the short=20 term.

Last week was not the first time Naz = broke up thru=20 its downtrend line, even on their own chart. And I don't know of any = technicians=20 that prefer the second bottom to remain above the first bottom, least = that is=20 not how I was trained on them.  A good undercut doesn't guarantee = there=20 won't be a third bottom, but the failure to undercut increases the odds = of a=20 failed rally, and the "shortness" of the term for the rally is thereby = very much=20 less predictable. The only ones I know that would like this would be = shorters=20 looking for an improved selling point, before the market tanks again to = even=20 lower levels. This is contrary to their advice on NVDA and several other = stocks,=20 beaten down by the market, which they see as bounce plays (which is what = I=20 gathered they see on NVDA, buy for a bounce only, not because of the=20 fundies).

I would add that the last double bottom by NASDAQ = fooled me=20 into false belief (hope??) that the bottom had finally been reached. My=20 standards this time are more severe, even tho I remain fully invested, = and beat=20 the indexes again last week.

 

----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Saturday, August 10, 2002 5:21 PM
Subject: RE: [CANSLIM] FW: Summer Relief Rally- Is It = Possible? and=20 Energy Power in the News

Thanks Tom for explaining the apparant contradiction - I need = to look=20 beyond the end of my nose.
 
Regarding the double-bottom, I presume you are referring to the = fact that=20 the second bottom didn't undercut the first. I guess a third bottom is = somewhere=20 in the NAS's future, which seemed to be the conclusion=20 anyway.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Saturday, August 10, 2002 11:03 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] FW: Summer = Relief=20 Rally- Is It Possible? and Energy Power in the = News

Mike, as the newsletter says, NVDA indicated = the future=20 looks bleak.  Past 4 qtrs of fundamentals are very strong, but = now they=20 will be comparing to those strong fundies for the next 4 qtrs. And = forecast=20 from DGO indicates a 16% decline in earnings this year, and only a 7% = gain=20 from that lower level next year (which won't quite get them back to = what they=20 made last year).  I also disagree with some of the statements = made in the=20 newsletter about the Naz chart, I am not impressed with their reading, = or=20 their understanding of a double bottom=20 either.
@lyris.otcjournal.com
------=_NextPart_000_017E_01C24093.F82994C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CCR - I offer this up for dissection Date: 10 Aug 2002 17:46:40 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_019F_01C24095.E20C31F0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_01A0_01C24095.E20C31F0" ------=_NextPart_001_01A0_01C24095.E20C31F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageKelly, I do not see any CWH pattern, either on a daily or weekly = chart, using DGO. Could you be more specific? On a weekly chart I see a = rough base that extends back to Dec 2000, but it would not give me a = buying signal unless I could buy close to the bottom of this base (38 or = so). ----- Original Message -----=20 Sent: Thursday, August 08, 2002 4:50 PM CCR - Countrywide Cr Inds Inc EPS growth could be better but are we more forgiving over the past 3 = qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in = itself is an accomplishment)? Appears to be coming out of CWH formation = (all though not as beautiful a formation as the Mona Lisa or anything = IBD would show us). Thoughts? IBD Ratings =20 Smart Select 99 =20 EPS Rating 94 =20 RPS 89 =20 Industry Group Rank A =20 S+P M+ROE A =20 A/D A+ =20 =20 =20 Technical Rating 98 =20 Fundamental Rating 96 =20 Attractiveness Rating 99 =20 Group's Technical Rating 79 =20 Group's Fundamental Rating 86 =20 =20 =20 =20 Rank within Industry Group =20 Industry Rank (08/08/02) 32 =20 =20 Overall 100 =20 Technical 100 =20 Fundamental 91 =20 Attriveness 100 =20 Top 5 Companies w/in Group =20 =20 CCR =20 =20 DORL =20 =20 NCEN =20 =20 NDE =20 =20 FRE =20 Group % Chg to Date 2% =20 Group % Chg Last 12 mths 4% =20 Group % Chg Last 4 weeks 4% =20 =20 =20 Performance =20 =20 Up/Down Vol 1.3 =20 3 Yr. EPS Growth 16% =20 3 Yr. Sales Growth 25% =20 EPS Growth (Quarterly) % Chg=20 Qtr -1 $0.64 5%=20 Qtr -2 $0.61 8%=20 Qtr -3 $0.56 5%=20 Qtr -4 $0.53 8%=20 Qtr -5 $0.49 0%=20 Qtr -6 $0.49 =20 =20 Revenue Growth =20 Qtr -1 293,159 3%=20 Qtr -2 285,799 1%=20 Qtr -3 283,199 1%=20 Qtr -4 281,332 3%=20 Qtr -5 272,860 0%=20 Qtr -6 272,489 =20 ------=_NextPart_001_01A0_01C24095.E20C31F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Kelly, I do not see any CWH pattern, either on a = daily or=20 weekly chart, using DGO. Could you be more specific? On a weekly chart I = see a=20 rough base that extends back to Dec 2000, but it would not give me a = buying=20 signal unless I could buy close to the bottom of this base (38 or=20 so).
 
----- Original Message -----=20
From: Kelly Short
Sent: Thursday, August 08, 2002 4:50 PM
Subject: [CANSLIM] CCR - I offer this up for = dissection

CCR -=20 Countrywide Cr Inds Inc
 
EPS=20 growth could be better but are we more forgiving over the past 3 qtrs = (after=20 all- CCR is positive EPS growth for past 3 qtrs which in itself is an=20 accomplishment)? Appears to be coming out of CWH formation (all though = not as=20 beautiful a formation as the Mona Lisa or anything IBD would show us).=20 Thoughts?
 
IBD Ratings
Smart Select 99
EPS Rating 94
RPS 89
Industry Group Rank A
S+P M+ROE A
A/D A+
Technical Rating 98
Fundamental Rating 96
Attractiveness Rating 99
Group's Technical = Rating 79
Group's Fundamental = Rating 86
Rank within Industry Group
Industry Rank = (08/08/02) 32
Overall 100
Technical 100
Fundamental 91
Attriveness 100
Top 5 Companies w/in = Group
=20
 
 CCR
=20
 
 DORL
=20
 
 NCEN
=20
 
 NDE
=20
 
 FRE
Group % Chg = to Date 2%
Group % Chg = Last 12=20 mths 4%
Group % Chg = Last 4=20 weeks 4%
Performance
Up/Down Vol 1.3
3 Yr. EPS Growth 16%
3 Yr. Sales Growth 25%
EPS Growth = (Quarterly) % Chg
Qtr -1 $0.64 5%
Qtr -2 $0.61 8%
Qtr -3 $0.56 5%
Qtr -4 $0.53 8%
Qtr -5 $0.49 0%
Qtr -6 $0.49
Revenue Growth
Qtr -1 293,159 3%
Qtr -2 285,799 1%
Qtr -3 283,199 1%
Qtr -4 281,332 3%
Qtr -5 272,860 0%
Qtr -6 272,489
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Their problem lies with their customers. All of the box companies are struggling, with Dell being the only one holding its own. I think that when Intel opined that demand was falling, the smart money started to pull out of NVDA.

This is just an opinion.

Charley --part1_90.2a367b4e.2a86eabb_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: jch Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Date: 10 Aug 2002 17:32:50 -0500 --=======679A78E8======= Content-Type: multipart/alternative; x-avg-checked=avg-ok-52B13FDF; boundary="=====================_10253451==_.ALT" --=====================_10253451==_.ALT Content-Type: text/plain; x-avg-checked=avg-ok-52B13FDF; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit Mike: Accounting issues are also partly responsible for the nosedive--check out Google search: http://www.google.com/search?q=nvidia+corp+accounting+problems&btnG=Google+Search&hl=en&lr=&ie=ISO-8859-1 It's a long link which may wrap around to second line.. John Heiman >Mike: As regards NVDA I once owned it when it was in the $50-$60 range. No >question that this is a good company, with good earnings so far. However, >their principal product is that other chip that goes into the computer. I >am sure you know more about that than I do. >Their problem lies with their customers. All of the box companies are >struggling, with Dell being the only one holding its own. I think that >when Intel opined that demand was falling, the smart money started to pull >out of NVDA. > >This is just an opinion. > >Charley >--- >Incoming mail is certified Virus Free. >Checked by AVG anti-virus system (http://www.grisoft.com). >Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=====================_10253451==_.ALT Content-Type: text/html; x-avg-checked=avg-ok-52B13FDF; charset=us-ascii Content-Transfer-Encoding: 8bit Mike: Accounting issues are also partly responsible for the nosedive--check out Google search:
http://www.google.com/search?q=nvidia+corp+accounting+problems&btnG=Google+Search&hl=en&lr=&ie=ISO-8859-1
It's a long link which may wrap around to second line..
John Heiman

Mike: As regards NVDA I once owned it when it was in the $50-$60 range. No question that this is a good company, with good earnings so far. However, their principal product is that other chip that goes into the computer. I am sure you know more about that than I do.
Their problem lies with their customers. All of the box companies are struggling, with Dell being the only one holding its own. I think that when Intel opined that demand was falling, the smart money started to pull out of NVDA.

This is just an opinion.

Charley
---
Incoming mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
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--=====================_10253451==_.ALT-- --=======679A78E8======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-52B13FDF Content-Disposition: inline --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======679A78E8=======-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in th... Date: 10 Aug 2002 17:37:45 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0E5D_01C24094.A32391F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Charley, NVDA may very well be the poster child for the concept that technicals = always deteriorate before the fundamentals "explain" why. Because = accounting reporting lags, the deterioration in sales, earnings, etc. = may not show up for a while. There's also the small matter of the = insider trading scandal which resulted in legal action against the = company, an SEC investigation which required them to restate financial = results from prior years, and a CFO leaving for "personal reasons." = Irony of ironies, they replaced ENE in the S&P 500. Sometimes even great technology can't overcome a crisis of confidence. Katherine ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 10, 2002 5:16 PM Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and = Energy Power in th... Mike: As regards NVDA I once owned it when it was in the $50-$60 = range. No question that this is a good company, with good earnings so = far. However, their principal product is that other chip that goes into = the computer. I am sure you know more about that than I do.=20 Their problem lies with their customers. All of the box companies are = struggling, with Dell being the only one holding its own. I think that = when Intel opined that demand was falling, the smart money started to = pull out of NVDA.=20 This is just an opinion.=20 Charley=20 ------=_NextPart_000_0E5D_01C24094.A32391F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Charley,
 
NVDA may very well be the poster child for the concept that = technicals=20 always deteriorate before the fundamentals "explain" why. Because = accounting=20 reporting lags, the deterioration in sales, earnings, etc. may not show = up for a=20 while. There's also the small matter of the insider trading scandal = which=20 resulted in legal action against the company, an SEC investigation which = required them to restate financial results from prior years, and a CFO = leaving=20 for "personal reasons." Irony of ironies, they replaced ENE in the = S&P=20 500.
 
Sometimes even great technology can't overcome a crisis of=20 confidence.
 
Katherine
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Saturday, August 10, 2002 = 5:16=20 PM
Subject: Re: [CANSLIM] FW: = Summer Relief=20 Rally- Is It Possible? and Energy Power in th...

Mike: As = regards NVDA I=20 once owned it when it was in the $50-$60 range. No question that this = is a=20 good company, with good earnings so far. However, their = principal=20 product is that other chip that goes into the computer. I am = sure you=20 know more about that than I do.
Their problem lies with their = customers.=20 All of the box companies are struggling, with Dell being the only one = holding=20 its own. I think that when Intel opined that demand was falling, the = smart=20 money started to pull out of NVDA.

This is just an opinion.=20

Charley ------=_NextPart_000_0E5D_01C24094.A32391F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in th... Date: 10 Aug 2002 22:22:29 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0009_01C240BC.69FCCE00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike & Charley: My understanding of NVDA status is : 1. There is an SEC inquiry in progress (regardless of the outcome, news = of these are never welcome). 2. The CFO recently left the company ... another reason to be cautious 3. Distribution of their product in the Asian market is undergoing some = difficulty. Three reasons to exercise some more CAUTION. ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 10, 2002 6:16 PM Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and = Energy Power in th... Mike: As regards NVDA I once owned it when it was in the $50-$60 = range. No question that this is a good company, with good earnings so = far. However, their principal product is that other chip that goes into = the computer. I am sure you know more about that than I do.=20 Their problem lies with their customers. All of the box companies are = struggling, with Dell being the only one holding its own. I think that = when Intel opined that demand was falling, the smart money started to = pull out of NVDA.=20 This is just an opinion.=20 Charley=20 ------=_NextPart_000_0009_01C240BC.69FCCE00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike & Charley:
My understanding of NVDA status is :
1. There is an SEC inquiry in progress (regardless = of the=20 outcome, news of these are never welcome).
2. The CFO recently left the company ... another = reason to be=20 cautious
3. Distribution of their product in the Asian market = is=20 undergoing some difficulty.
Three reasons to exercise some more = CAUTION.
 
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Saturday, August 10, 2002 = 6:16=20 PM
Subject: Re: [CANSLIM] FW: = Summer Relief=20 Rally- Is It Possible? and Energy Power in th...

Mike: As = regards NVDA I=20 once owned it when it was in the $50-$60 range. No question that this = is a=20 good company, with good earnings so far. However, their = principal=20 product is that other chip that goes into the computer. I am = sure you=20 know more about that than I do.
Their problem lies with their = customers.=20 All of the box companies are struggling, with Dell being the only one = holding=20 its own. I think that when Intel opined that demand was falling, the = smart=20 money started to pull out of NVDA.

This is just an opinion.=20

Charley ------=_NextPart_000_0009_01C240BC.69FCCE00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] NVDA Date: 10 Aug 2002 23:49:07 EDT --part1_123.14c76139.2a8738b3_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit A week or so ago, (time passes so fast), Katherine made a statement to the effect that the technicals are more important than the fundamentals in a bear market. I have now observed this to be true on numerous recent occasions, but my first impulse is to look for fundamental excuses for a falling stock price. Quoting from a book I am reading, "The fundamental work answers the question what, and the technical side of the equation answers the question when." , points out how important it is to have all the facts. Thanks for calling my attention to the SEC investigation. It is so discouraging to learn of these repeated accounting problems. One of these days I will stop believing in Santa Claus. Charley --part1_123.14c76139.2a8738b3_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit A week or so ago, (time passes so fast), Katherine made a statement to the effect that the technicals are more important than the fundamentals in a bear market. I have now observed this to be true on numerous recent occasions, but my first impulse is to look for fundamental excuses for a falling stock price.
Quoting from a book I am reading, "The fundamental work answers the question what, and the technical side of the equation answers the question when." , points out how important it is to have all the facts.
Thanks for calling my attention to the SEC investigation. It is so discouraging to learn of these repeated accounting problems. One of these days I will stop believing in Santa Claus.

Charley --part1_123.14c76139.2a8738b3_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] NVDA Date: 10 Aug 2002 23:47:28 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0038_01C240C8.49239220 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit I didn't realize what a pandora's box I was opening , but I'm glad I did raise the lid on NVDA. What I learned was: a.. an excellent "C" and "A" can be misleading b.. The technicals such as RS, up/down volume, etc were indicators that there's something rotten in the state of Denmark, despite the fundamentals Which would appear to confirm that everything you need to know is already in the tape. Question: is this only true in a bear market? (I'm referring to Katherine's statement quoted by Charley), and if it's universally true then can't the lazy one's among us (and I include myself in that category) simply cheat by swing trading patterns, not CANSLIM fundamentals? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Saturday, August 10, 2002 5:49 PM To: canslim@lists.xmission.com Subject: [CANSLIM] NVDA A week or so ago, (time passes so fast), Katherine made a statement to the effect that the technicals are more important than the fundamentals in a bear market. I have now observed this to be true on numerous recent occasions, but my first impulse is to look for fundamental excuses for a falling stock price. Quoting from a book I am reading, "The fundamental work answers the question what, and the technical side of the equation answers the question when." , points out how important it is to have all the facts. Thanks for calling my attention to the SEC investigation. It is so discouraging to learn of these repeated accounting problems. One of these days I will stop believing in Santa Claus. Charley ------=_NextPart_000_0038_01C240C8.49239220 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
I=20 didn't realize what a pandora's box I was opening , but I'm glad I did = raise the=20 lid on NVDA.
 
What=20 I learned was:
  • an=20 excellent "C" and "A" can be misleading
  • The technicals such as RS, = up/down=20 volume, etc were indicators that there's something rotten in the state = of=20 Denmark, despite the fundamentals
Which=20 would appear to confirm that everything you need to know is already in = the=20 tape.
 
Question: is this only true in a bear market? = (I'm=20 referring to Katherine's statement quoted by Charley), and if it's = universally=20 true then can't the lazy one's among us (and I include myself in that = category)=20 simply cheat by swing trading patterns, not CANSLIM=20 fundamentals?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Saturday, August 10, 2002 5:49=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 NVDA

A = week or so=20 ago, (time passes so fast), Katherine made a statement to the effect = that the=20 technicals are more important than the fundamentals in a bear market. = I have=20 now observed this to be true on numerous recent occasions, but my = first=20 impulse is to look for fundamental excuses for a falling stock price.=20
Quoting from a book I am reading, "The fundamental work answers = the=20 question what, and the technical side of the equation answers = the=20 question when." , points out how important it is to have all = the facts.=20
Thanks for calling my attention to the SEC investigation. It is so = discouraging to learn of these repeated accounting problems. One of = these days=20 I will stop believing in Santa Claus.

Charley=20
------=_NextPart_000_0038_01C240C8.49239220-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] NVDA Date: 11 Aug 2002 08:29:55 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0012_01C24111.453B2A30 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Mike, CANSLIM was not designed for swing trading, but certainly many people = use it that way to capture short term profits. But the idea of CANSLIM = is for investing for the mid and long term, as well as to create a = discipline for investing, having a set of rules to stick to for buying, = holding and selling. It is a combination of momentum and fundamentals. Some will give one = more emphasis than the other, it's all in the personal interpretation = (and application) of the data, chart pattern, and rules. ----- Original Message -----=20 Sent: Sunday, August 11, 2002 5:47 AM I didn't realize what a pandora's box I was opening , but I'm glad I did = raise the lid on NVDA. What I learned was: a.. an excellent "C" and "A" can be misleading=20 b.. The technicals such as RS, up/down volume, etc were indicators = that there's something rotten in the state of Denmark, despite the = fundamentals Which would appear to confirm that everything you need to know is = already in the tape. Question: is this only true in a bear market? (I'm referring to = Katherine's statement quoted by Charley), and if it's universally true = then can't the lazy one's among us (and I include myself in that = category) simply cheat by swing trading patterns, not CANSLIM = fundamentals? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Saturday, August 10, 2002 5:49 PM To: canslim@lists.xmission.com Subject: [CANSLIM] NVDA A week or so ago, (time passes so fast), Katherine made a statement to = the effect that the technicals are more important than the fundamentals = in a bear market. I have now observed this to be true on numerous recent = occasions, but my first impulse is to look for fundamental excuses for a = falling stock price.=20 Quoting from a book I am reading, "The fundamental work answers the = question what, and the technical side of the equation answers the = question when." , points out how important it is to have all the facts.=20 Thanks for calling my attention to the SEC investigation. It is so = discouraging to learn of these repeated accounting problems. One of = these days I will stop believing in Santa Claus.=20 Charley=20 ------=_NextPart_000_0012_01C24111.453B2A30 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Mike,
 
CANSLIM was not designed for swing trading, but = certainly=20 many people use it that way to capture short term profits. But the idea = of=20 CANSLIM is for investing for the mid and long term, as well as to create = a=20 discipline for investing, having a set of rules to stick to for buying, = holding=20 and selling.
 
It is a combination of momentum and = fundamentals. Some=20 will give one more emphasis than the other, it's all in the personal=20 interpretation (and application) of the data, chart pattern, and=20 rules.
 
----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Sunday, August 11, 2002 5:47 AM
Subject: RE: [CANSLIM] NVDA

I=20 didn't realize what a pandora's box I was opening , but I'm glad I did = raise the=20 lid on NVDA.
 
What=20 I learned was:
  • an=20 excellent "C" and "A" can be misleading=20
  • The technicals such as RS, = up/down=20 volume, etc were indicators that there's something rotten in the state = of=20 Denmark, despite the fundamentals
Which=20 would appear to confirm that everything you need to know is already in = the=20 tape.
 
Question: is this only true in a bear market? = (I'm=20 referring to Katherine's statement quoted by Charley), and if it's = universally=20 true then can't the lazy one's among us (and I include myself in that = category)=20 simply cheat by swing trading patterns, not CANSLIM=20 fundamentals?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Saturday, August 10, 2002 5:49=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 NVDA

A = week or so=20 ago, (time passes so fast), Katherine made a statement to the effect = that the=20 technicals are more important than the fundamentals in a bear market. = I have=20 now observed this to be true on numerous recent occasions, but my = first=20 impulse is to look for fundamental excuses for a falling stock price.=20
Quoting from a book I am reading, "The fundamental work answers = the=20 question what, and the technical side of the equation answers = the=20 question when." , points out how important it is to have all = the facts.=20
Thanks for calling my attention to the SEC investigation. It is so = discouraging to learn of these repeated accounting problems. One of = these days=20 I will stop believing in Santa Claus.

Charley=20
------=_NextPart_000_0012_01C24111.453B2A30-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: Pearl of Wisdon (was [CANSLIM] CCR - I offer this up for dissection) Date: 11 Aug 2002 09:33:54 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000D_01C2411A.38A137C0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_000E_01C2411A.38A5F2B0" ------=_NextPart_001_000E_01C2411A.38A5F2B0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Winston, et al: I'm catching up with my backlog of CANSLIM list messages, and a thought just occurred to me after reading Winston's reply to Kelly below. (Sans header I would have surely assumed it was Katherine's response!) Your point #4 is a true Pearl of Wisdom--I.e., it provokes further thought, and is what I call an "a-ha". The reason? How bombarded we are with information and desktops riddled with shortcuts to investment net "tools." But when it's all said and done--technicals, fundamentals, charts, ratings, etc.--spending time in thought about how will the rest of the market...react to the point or issue and how soon--is what it's all about, isn't it? You can't measure it, you can accurately predict it, can't touch it, can't feel it. But if the response to that question is not, albeit in you gut, positive, you shouldn't touch it, should you? Thank you for that. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little Sent: Friday, August 09, 2002 12:15 PM Kelly: My hope is that the note was of some help, but please keep the following in mind: 1. The goal is neither to whip or throw you back into the pond. 2. ALWAYS QUESTION anything that is said or stated.... do you agree with the point or issue stated or asked? 3. If you agree with the point, then is what is the significance of the point or issue? The point may be true but of little value. 4. How will the rest of the market traders/investors/or others react to the point or issue, and how soon? Depending on the results of the evaluate the points above (or others), you may then want to respond and show the other person a different perspective. ----- Original Message ----- Sent: Friday, August 09, 2002 11:22 AM Winston, You give me new understanding of DD. After reading your email I whip myself for not investigating further before posting. Back to the newbie pond for me. I feel like those Snakehead fish in Maryland- so close to making it from the pond to the big river, then the big bad human ("M") comes and throws me back in the pond. Thanks for your observations- I'll keep hacking away. Kelly -----Original Message----- Sent: Thursday, August 08, 2002 4:31 PM Kelly: A few comments: 1. Chart pattern: If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup which is not ideal. 2. Handle is 2 days long (minimum desired is five days) on 03 and 05 Aug. 3. Heavy volume in handle (again undesirable) 4. Breakout volume on 06 Aug was 166% of average daily = ok. 5. Debt to equity ratio = 4.3 This may be a bit high, as others in the top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception was the government sponsored agency FRE (Freddie Mac) at 31. 6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may be a re-statement in the works as day of reckoning approaches for CEO and CFO? CCR is believed to be a sub-prime lender. Does this mean difficulty as the slow economy persists and consumers start to run out of cash? ----- Original Message ----- Sent: Thursday, August 08, 2002 4:50 PM CCR - Countrywide Cr Inds Inc EPS growth could be better but are we more forgiving over the past 3 qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in itself is an accomplishment)? Appears to be coming out of CWH formation (all though not as beautiful a formation as the Mona Lisa or anything IBD would show us). Thoughts? IBD Ratings Smart Select 99 EPS Rating 94 RPS 89 Industry Group Rank A S+P M+ROE A A/D A+ Technical Rating 98 Fundamental Rating 96 Attractiveness Rating 99 Group's Technical Rating 79 Group's Fundamental Rating 86 Rank within Industry Group Industry Rank (08/08/02) 32 Overall 100 Technical 100 Fundamental 91 Attriveness 100 Top 5 Companies w/in Group CCR DORL NCEN NDE FRE Group % Chg to Date 2% Group % Chg Last 12 mths 4% Group % Chg Last 4 weeks 4% Performance Up/Down Vol 1.3 3 Yr. EPS Growth 16% 3 Yr. Sales Growth 25% EPS Growth (Quarterly) % Chg Qtr -1 $0.64 5% Qtr -2 $0.61 8% Qtr -3 $0.56 5% Qtr -4 $0.53 8% Qtr -5 $0.49 0% Qtr -6 $0.49 Revenue Growth Qtr -1 293,159 3% Qtr -2 285,799 1% Qtr -3 283,199 1% Qtr -4 281,332 3% Qtr -5 272,860 0% Qtr -6 272,489 _____ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ _____ ------=_NextPart_001_000E_01C2411A.38A5F2B0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Winston, et=20 al:
 
I'm catching up = with my=20 backlog of CANSLIM list messages, and a thought just occurred to me = after=20 reading Winston's reply to Kelly below.  (Sans header I would have = surely=20 assumed it was Katherine's response!)
 
Your point #4 = is a true=20 Pearl of Wisdom--I.e., it provokes further thought, and is what I call = an=20 "a-ha".   The reason?  How bombarded we are with = information=20 and desktops riddled with shortcuts to investment net = "tools."  =20 But when it's all said and done--technicals, fundamentals, charts, = ratings,=20 etc.--spending time in thought about how will the rest of the = market...react=20 to the point or issue and how soon--is what it's all about, isn't = it? =20 You can't measure it, you can accurately predict it, can't touch it, = can't feel=20 it.  But if the response to that question is not, albeit in you = gut,=20 positive, you shouldn't touch it, should you?
 
Thank you for that.
 
Duke
 
 
 -----Original = Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On=20 Behalf Of Winston Little
Sent: Friday, August 09, 2002 = 12:15=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM] CCR=20 - I offer this up for dissection

Kelly:
My hope is that the note was of some help, but = please keep=20 the following in mind:
1. The goal is neither to whip or throw you back = into the=20 pond.
2. ALWAYS QUESTION anything that is said or = stated.... do=20 you agree with the point or issue stated or asked?
3. If you agree with the point, = then is what is=20 the significance of the point or issue? The point may be true but = of=20 little value.
4. How will the rest of the market = traders/investors/or=20 others  react to the point or issue, and how=20 soon?  
Depending on the results of  = the evaluate the=20 points above (or others), you may then want to respond and show = the other=20 person a different perspective.
 
----- Original Message -----
From:=20 Kelly Short
Sent: Friday, August 09, 2002 = 11:22=20 AM
Subject: RE: [CANSLIM] CCR - = I offer=20 this up for dissection

Winston,
 
You give me new understanding of DD. After reading your = email I whip=20 myself for not investigating further before posting. Back to the = newbie pond=20 for me. I feel like those Snakehead fish in Maryland- so close to = making it=20 from the pond to the big river, then the big bad human ("M") comes = and=20 throws me back in the pond. Thanks for your observations- I'll keep = hacking=20 away.
 
Kelly
 -----Original=20 Message-----
From: Winston Little=20 [mailto:wlittle1@peoplepc.com]
Sent: Thursday, August 08, = 2002=20 4:31 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] CCR - I offer this up for = dissection

Kelly:
A few comments:
1. Chart pattern:
If cup-with handle (start 27 May, end 01 Aug) = then the=20 shape is V-Cup which is not ideal.
2. Handle is 2 days long (minimum desired is = five days)=20 on 03 and 05 Aug.
3. Heavy volume in handle (again=20 undesirable)
4. Breakout volume on 06 Aug was 166% of = average daily =3D=20 ok.
5. Debt to equity ratio =3D 4.3 This may be a = bit high, as=20 others in the top five of the IBD group were = at 0.98,=20 0.18 and 0.83. The one exception was the government sponsored = agency FRE=20 (Freddie Mac) at 31.
6. Largest concern was roll off in revenue in = Q2 of 2002=20 to $$998 million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 = of 2001,=20 $1234 in Q2 of 2001 etc.  Surprisingly the eps reported in Q2 = of 2002=20 was highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply = there=20 may be a re-statement in the works as day of reckoning approaches = for CEO=20 and CFO?
CCR is believed to be a sub-prime lender. Does = this mean=20 difficulty as the slow economy persists and consumers start to run = out of=20 cash?
----- Original Message ----- =
From:=20 Kelly Short =
To: canslim@lists.xmission.com= =20
Sent: Thursday, August = 08, 2002=20 4:50 PM
Subject: [CANSLIM] CCR - = I offer=20 this up for dissection

CCR - Countrywide Cr Inds Inc
 
EPS growth could be better but are we more forgiving = over the=20 past 3 qtrs (after all- CCR is positive EPS growth for past 3 = qtrs which=20 in itself is an accomplishment)? Appears to be coming out of CWH = formation (all though not as beautiful a formation as the Mona = Lisa or=20 anything IBD would show us). Thoughts?
 
IBD Ratings
Smart Select 99
EPS Rating 94
RPS 89
Industry Group = Rank A
S+P M+ROE A
A/D A+
Technical = Rating 98
Fundamental = Rating 96
Attractiveness = Rating 99
Group's Technical = Rating 79
Group's = Fundamental=20 Rating 86
Rank within Industry Group
Industry Rank = (08/08/02) 32
Overall 100
Technical 100
Fundamental 91
Attriveness 100
Top 5 Companies = w/in=20 Group
=20
 
 CCR
=20
 
 DORL
=20
 
 NCEN
=20
 
 NDE
=20
 
 FRE
Group = % Chg to=20 Date 2%
Group = % Chg Last=20 12 mths 4%
Group = % Chg Last=20 4 weeks 4%
Performance
Up/Down Vol 1.3
3 Yr. EPS = Growth 16%
3 Yr. Sales = Growth 25%
EPS Growth = (Quarterly) % Chg
Qtr -1 $0.64 5%
Qtr -2 $0.61 8%
Qtr -3 $0.56 5%
Qtr -4 $0.53 8%
Qtr -5 $0.49 0%
Qtr -6 $0.49
Revenue = Growth
Qtr -1 293,159 3%
Qtr -2 285,799 1%
Qtr -3 283,199 1%
Qtr -4 281,332 3%
Qtr -5 272,860 0%
Qtr -6 272,489
For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

------=_NextPart_001_000E_01C2411A.38A5F2B0-- ------=_NextPart_000_000D_01C2411A.38A137C0 Content-Type: image/gif; name="clip_image001.gif" Content-Transfer-Encoding: base64 Content-ID: <390061613@11082002-13B4> R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_000D_01C2411A.38A137C0 Content-Type: image/gif; name="clip_image002.gif" Content-Transfer-Encoding: base64 Content-ID: <390061613@11082002-13BB> R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_000D_01C2411A.38A137C0 Content-Type: image/gif; name="clip_image003.gif" Content-Transfer-Encoding: base64 Content-ID: <390061613@11082002-13C2> R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_000D_01C2411A.38A137C0 Content-Type: image/gif; name="clip_image004.gif" Content-Transfer-Encoding: base64 Content-ID: <390061613@11082002-13C9> R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_000D_01C2411A.38A137C0 Content-Type: image/gif; name="clip_image005.gif" Content-Transfer-Encoding: base64 Content-ID: <390061613@11082002-13D0> R0lGODlhUAABAHcBMSH+GlNvZnR3YXJlOiBNaWNyb3NvZnQgT2ZmaWNlACH5BAEAAAEALAAAAAAB AAEAgAAAAIGBgQICTAEAOw== ------=_NextPart_000_000D_01C2411A.38A137C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview - Part II Date: 11 Aug 2002 10:33:48 -0400 Just some catch up trivia I found interesting this weekend from news at Yahoo. 91 percent of the S&P 500 companies have issued results so far this reporting period, and out of those, 60 percent have beaten analysts' estimates, 25 percent were on target, and 15 percent fell short of expectations As of midday Friday, 112 companies had signed oaths out of the 947 required to do so, according to the SEC's web site. full detailed list is at http://www.sec.gov/rules/extra/ceocfo.htm Operating earnings at the companies in the S&P 500 index are expected to show a slim gain of 0.9 percent in the second quarter, according to research firm Thomson First Call Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power Date: 11 Aug 2002 07:40:17 -0700 I wonder if the comment "The second bottom... slightly higher than the first... is a bullish indicator" may be referring to entering a higher-low-higher-high pattern (uptrend). Of course, we're still waiting for the first higher-high so it's a bit premature to call it bullish IMO. (Dow and S&P500 made sllightly higher highs on Friday so it will be positive if/when NASDAQ concurs.) Tom Worley wrote: > Mike, what I was referring to is the following quote:This past week > the NASDAQ broke up its' downtrend line (shown in red) for the first > time since the sell off steepened in mid May, leading to three months > of bloodletting on all the major indexes. > > In addition, the NASDAQ has recently put in a double bottom. The > second bottom was slightly higher than the first. Technicians will > tell you this is a bullish indicator in the short term. > > Last week was not the first time Naz broke up thru its downtrend line, > even on their own chart. And I don't know of any technicians that > prefer the second bottom to remain above the first bottom, least that > is not how I was trained on them. A good undercut doesn't guarantee > there won't be a third bottom, but the failure to undercut increases > the odds of a failed rally, and the "shortness" of the term for the > rally is thereby very much less predictable. The only ones I know that > would like this would be shorters looking for an improved selling > point, before the market tanks again to even lower levels. This is > contrary to their advice on NVDA and several other stocks, beaten down > by the market, which they see as bounce plays (which is what I > gathered they see on NVDA, buy for a bounce only, not because of the > fundies). > > I would add that the last double bottom by NASDAQ fooled me into false > belief (hope??) that the bottom had finally been reached. My standards > this time are more severe, even tho I remain fully invested, and beat > the indexes again last week. > > > ----- Original Message ----- > From: Mike Gibbons > To: canslim@lists.xmission.comSent: Saturday, August 10, 2002 5:21 > PMSubject: RE: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and > Energy Power in the News > Thanks Tom for explaining the apparant contradiction - I need to look > beyond the end of my nose.Regarding the double-bottom, I presume you > are referring to the fact that the second bottom didn't undercut the > first. I guess a third bottom is somewhere in the NAS's future, which > seemed to be the conclusion anyway. Aloha, Mike GibbonsProactive > Technologies, LLChttp://www.proactech.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom > Worley > Sent: Saturday, August 10, 2002 11:03 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It > Possible? and Energy Power in the News > > Mike, as the newsletter says, NVDA indicated the future > looks bleak. Past 4 qtrs of fundamentals are very strong, > but now they will be comparing to those strong fundies for > the next 4 qtrs. And forecast from DGO indicates a 16% > decline in earnings this year, and only a 7% gain from that > lower level next year (which won't quite get them back to > what they made last year). I also disagree with some of the > statements made in the newsletter about the Naz chart, I am > not impressed with their reading, or their understanding of > a double bottom either.@lyris.otcjournal.com > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in the News Date: 11 Aug 2002 10:47:23 -0400 doesn't count in my book until the higher high is put in, then you can look back to see if the last low was higher than the low before it. ----- Original Message ----- Sent: Sunday, August 11, 2002 10:40 AM Power in the News I wonder if the comment "The second bottom... slightly higher than the first... is a bullish indicator" may be referring to entering a higher-low-higher-high pattern (uptrend). Of course, we're still waiting for the first higher-high so it's a bit premature to call it bullish IMO. (Dow and S&P500 made sllightly higher highs on Friday so it will be positive if/when NASDAQ concurs.) Tom Worley wrote: > Mike, what I was referring to is the following quote:This past week > the NASDAQ broke up its' downtrend line (shown in red) for the first > time since the sell off steepened in mid May, leading to three months > of bloodletting on all the major indexes. > > In addition, the NASDAQ has recently put in a double bottom. The > second bottom was slightly higher than the first. Technicians will > tell you this is a bullish indicator in the short term. > > Last week was not the first time Naz broke up thru its downtrend line, > even on their own chart. And I don't know of any technicians that > prefer the second bottom to remain above the first bottom, least that > is not how I was trained on them. A good undercut doesn't guarantee > there won't be a third bottom, but the failure to undercut increases > the odds of a failed rally, and the "shortness" of the term for the > rally is thereby very much less predictable. The only ones I know that > would like this would be shorters looking for an improved selling > point, before the market tanks again to even lower levels. This is > contrary to their advice on NVDA and several other stocks, beaten down > by the market, which they see as bounce plays (which is what I > gathered they see on NVDA, buy for a bounce only, not because of the > fundies). > > I would add that the last double bottom by NASDAQ fooled me into false > belief (hope??) that the bottom had finally been reached. My standards > this time are more severe, even tho I remain fully invested, and beat > the indexes again last week. > > > ----- Original Message ----- > From: Mike Gibbons > To: canslim@lists.xmission.comSent: Saturday, August 10, 2002 5:21 > PMSubject: RE: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and > Energy Power in the News > Thanks Tom for explaining the apparant contradiction - I need to look > beyond the end of my nose.Regarding the double-bottom, I presume you > are referring to the fact that the second bottom didn't undercut the > first. I guess a third bottom is somewhere in the NAS's future, which > seemed to be the conclusion anyway. Aloha, Mike GibbonsProactive > Technologies, LLChttp://www.proactech.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom > Worley > Sent: Saturday, August 10, 2002 11:03 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It > Possible? and Energy Power in the News > > Mike, as the newsletter says, NVDA indicated the future > looks bleak. Past 4 qtrs of fundamentals are very strong, > but now they will be comparing to those strong fundies for > the next 4 qtrs. And forecast from DGO indicates a 16% > decline in earnings this year, and only a 7% gain from that > lower level next year (which won't quite get them back to > what they made last year). I also disagree with some of the > statements made in the newsletter about the Naz chart, I am > not impressed with their reading, or their understanding of > a double bottom either.@lyris.otcjournal.com > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Worley's Weekend Weeview - Part II Date: 11 Aug 2002 10:48:04 -0400 Yes, I've seen these figures somewhere also, it's a very good sign the rally may keep going. I predicted the fall for the dust to settle. Earlier good news is welcome. However the press doesn't seem to want to emulate these findings just yet. In my local papers the liberal press headlines bad news and buries good stats. I hope Americans wake up and smell the coffee and read between the lines. DanF ----- Original Message ----- Sent: Sunday, August 11, 2002 10:33 AM > Just some catch up trivia I found interesting this weekend from news at > Yahoo. > > 91 percent of the S&P 500 companies have issued results so far this > reporting period, and out of those, 60 percent have beaten analysts' > estimates, 25 percent were on target, and 15 percent fell short of > expectations > > As of midday Friday, 112 companies had signed oaths out of the 947 required > to do so, according to the SEC's web site. full detailed list is at > http://www.sec.gov/rules/extra/ceocfo.htm > > Operating earnings at the companies in the S&P 500 index are expected to > show a slim gain of 0.9 percent in the second quarter, according to research > firm Thomson First Call > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Japan Date: 10 Aug 2002 18:05:55 -0400 I haven't been Japan bashing much lately, but found this report from Strategic Forces to be very interesting. I pass it along just in case you want something else to worry about. ----- Original Message ----- Sent: Friday, August 09, 2002 5:38 PM ___________________________________________________________________ S T R A T F O R THE GLOBAL INTELLIGENCE COMPANY http://www.stratfor.com ___________________________________________________________________ Japan: Revised Reform Slows Economic Demise Summary Japanese Prime Minister Junichiro Koizumi has altered a banking reform that, if implemented in their original form, could have caused the collapse of the country's economy. But a new loophole in the plan will lead to only a steady bleeding of assets from the banking sector, at a slow enough rate that the world need not worry over much about the sector's demise. Analysis Japanese Prime Minister Junichiro Koizumi altered his banking "reform" plans Aug. 1 in a way that in essence waters down their impacts and imposes negative interest rates on savings accounts. He followed the move with a retraction of his previous pledge to limit Japan's profligate deficit spending . Under the original banking reform package, the government planned to end insurance guarantees on all deposits of more than 10 million yen ($83,000) starting on April 1, 2002. The plan as originally intended likely would have triggered an unravelling of the Japanese economy, but a recent loophole Koizumi inserted ensures a slower, less painful death. At stake is 300 trillion yen ($2.5 trillion) in deposits. With the Japanese economy locked into a deflationary spiral, the end of deposit insurance would almost certainly collapse many of Japan's already wobbly banks, particularly the smaller ones that would see many of their customers flee with their savings to larger, supposedly more stable banks. The international fallout also could be catastrophic, as a formal collapse of Japan's banks -- along with the world's second-largest economy -- could cause a panic that would make the 1997 Asian financial crisis look like small potatoes. The financial system got a taste of what was coming when the reform was adopted April 1 for timed deposits. The day before the switchover, the total amount held in timed deposits, installment savings and loan trusts dropped 27 percent from a year ago, while deposits in ordinary savings accounts shot up 51 percent, according to the Bank of Japan. The key is that the first category of savings is rather illiquid, and most depositors were willing to take a financial hit when they switched over their accounts in order to keep government guarantees. Completely ending deposit insurance for demand deposits -- standard savings accounts -- would provoke a much sharper and more damaging response. Officially, Koizumi says the full reform will still be implemented as planned, but in traditional Japanese fashion he has inserted a loophole that renders it meaningless. Federal deposit guarantees will still apply to non-interest-bearing accounts. However, since interest rates have been at zero for the better part of the past three years -- pushing the payback on savings accounts down to a pathetic 0.001 percent per year -- switching over to a non-interest-bearing account is a no-brainer, even if the account charges fees. With such a policy, the banks and government in essence would levy a negative interest rate on savings accounts. In exchange for insurance, depositors sacrifice a portion of their holdings. Unlike many aborted Japanese reforms, the revised proposal if adopted will not worsen Japan's economy. In fact, it will have a number of broad-ranging effects that will help manage the economy's decline. It should indeed calm the frayed nerves of many Japanese citizens afraid of losing their savings. Money will still steadily leak out of the banks, but not in a panicked torrent that results in a sharp banking collapse. The money that does leave will go into two places: new investments and cold storage. In Japan, choices are very limited. Investment funds are heavily exposed to the government bond market, which has been paying zero and near-zero returns for the past several years. That leaves stock (and especially property) a standard refuge for scared capital. Any losses the banks suffer from deposit withdrawals should be made up by higher stock and property prices; after all, it was the collapse of stock and property prices -- which make up a massive proportion of bank holdings -- that helped weaken Japan's banks to the state they are currently in. More Japanese, however, are likely to simply stash it away under their futons, an increasingly popular trend in the country. The amount of currency in circulation continues to climb -- 10.6 percent in July from a year earlier -- and the new policies will hardly staunch the flow. Any money stored away will not only be unavailable for the new investments that the moribund Japanese economy so desperately needs, but is also likely to help foster a rise in petty crime simply from the extra currency sloshing around in people's pockets and homes. So long as the hemorrhaging from the financial system is slow and steady, this new policy might actually achieve some good. Japan's economy, particularly now that Koizumi has abandoned any real pretense to reform it, is in terminal decline. Policies such as this one do nothing to slow, much less reverse, that decline. What they do accomplish, however, is removing factors that would cause systemic immediate collapse. In this case, the policy serves to prick the banking system, allowing funds to slowly bleed away. In time total deposits will be much smaller -- whether from capital flight or subzero interest rates -- and the banking sector's stability will no longer command global attention. ___________________________________________________________________ <<<<<<<<<<<<<<<<< SEND THIS TO A FRIEND! >>>>>>>>>>>>>>>>>> Did you like this analysis? Then forward it to a friend! Got this from a friend? Get your own by becoming a member! http://www.stratfor.com/house/about/subscriptions/about.php <<<<<<<<<<<<<<<<<<<<<<<<<<<< >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> ___________________________________________________________________ CONTACTS AND CUSTOMER SERVICE: STRATFOR 700 Lavaca, Suite 405 Austin, TX 78701 Phone: 202-204-2580 Internet: http://www.stratfor.com/ Email: info@stratfor.com SIGN-UP: To add or remove your e-mail address from our Global Intelligence Report e-mail newsletter go to: http://www.stratfor.com/house/about/member_service.php Under Section 2, enter your membership user name and password and click "Edit Account Information". Next, change or remove your e-mail address from your account membership information and click "Send Info" to update your membership profile. ADVERTISE: For information on advertising in this email or any section of the STRATFOR website, please email us at advertising@stratfor.com ==================================================== (c) 2002 Strategic Forecasting LLC. All rights reserved. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chris Dempsey Subject: RE: [CANSLIM] investment club Date: 11 Aug 2002 11:05:53 -0500 This is a multi-part message in MIME format. --Boundary_(ID_7MNPvDD9wecQRzIl5tf+yw) Content-type: text/plain; charset=us-ascii Content-transfer-encoding: 7BIT Please tell us about your investment club. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Friday, August 09, 2002 8:33 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Patterson Dental PDCO As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY we found one of their competitors, PDCO, which appears to be building the right side of a cup. I quickly put together a one page overview of the basic fundamentals/technicals and sent it to the members of my investment club. I know several club members will give it a review and respond within a few days. If you would like a copy of my summary report, let me know and I will send it to you off line. I am reluctant to post the report since I do not wish to be accused of recommending a stock to the public at large. Charley --Boundary_(ID_7MNPvDD9wecQRzIl5tf+yw) Content-type: text/html; charset=us-ascii Content-transfer-encoding: 7BIT
Please tell us about your investment club.
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com
Sent: Friday, August 09, 2002 8:33 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Patterson Dental PDCO

As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY we found one of their competitors, PDCO, which appears to be building the right side of a cup. I quickly put together a one page overview of the basic fundamentals/technicals and sent it to the members of my investment club. I know several club members will give it a review and respond within a few days. If you would like a copy of my summary report, let me know and I will send it to you off line.
I am reluctant to post the report since I do not wish to be accused of recommending a stock to the public at large.
Charley
--Boundary_(ID_7MNPvDD9wecQRzIl5tf+yw)-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] investment club Date: 11 Aug 2002 12:22:20 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0050_01C24131.BD92E980 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris, and Chazmoore, might I suggest this is sufficiently off topic to = discuss in private? ----- Original Message -----=20 Sent: Sunday, August 11, 2002 12:05 PM Please tell us about your investment club. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Friday, August 09, 2002 8:33 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Patterson Dental PDCO As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY we = found one of their competitors, PDCO, which appears to be building the = right side of a cup. I quickly put together a one page overview of the = basic fundamentals/technicals and sent it to the members of my = investment club. I know several club members will give it a review and = respond within a few days. If you would like a copy of my summary = report, let me know and I will send it to you off line.=20 I am reluctant to post the report since I do not wish to be accused of = recommending a stock to the public at large.=20 Charley=20 ------=_NextPart_000_0050_01C24131.BD92E980 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chris, and Chazmoore, might I suggest this is = sufficiently=20 off topic to discuss in private?
 
----- Original Message -----=20
From: Chris Dempsey =
Sent: Sunday, August 11, 2002 12:05 PM
Subject: RE: [CANSLIM] investment club

Please tell us about your investment=20 club.
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com
Sent: = Friday,=20 August 09, 2002 8:33 PM
To: canslim@lists.xmission.com=
Subject:=20 [CANSLIM] Patterson Dental PDCO

As an off shoot of Mike Gibbon's = excellent=20 inquiry concerning XRAY we found one of their competitors, PDCO, which = appears=20 to be building the right side of a cup. I quickly put together a one = page=20 overview of the basic fundamentals/technicals and sent it to the = members of my=20 investment club. I know several club members will give it a review and = respond=20 within a few days. If you would like a copy of my summary report, let = me know=20 and I will send it to you off line.
I am reluctant to post the = report=20 since I do not wish to be accused of recommending a stock to the = public at=20 large.
Charley
------=_NextPart_000_0050_01C24131.BD92E980-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] investment club Date: 11 Aug 2002 11:36:12 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_022C_01C2412B.4B7D3090 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, you're a silver tongued devil....=20 BTW, why don't you like banks? Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 11, 2002 11:22 AM Subject: Re: [CANSLIM] investment club Chris, and Chazmoore, might I suggest this is sufficiently off topic = to discuss in private? ----- Original Message -----=20 From: Chris Dempsey=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 11, 2002 12:05 PM Subject: RE: [CANSLIM] investment club Please tell us about your investment club. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Friday, August 09, 2002 8:33 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Patterson Dental PDCO As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY = we found one of their competitors, PDCO, which appears to be building = the right side of a cup. I quickly put together a one page overview of = the basic fundamentals/technicals and sent it to the members of my = investment club. I know several club members will give it a review and = respond within a few days. If you would like a copy of my summary = report, let me know and I will send it to you off line.=20 I am reluctant to post the report since I do not wish to be accused = of recommending a stock to the public at large.=20 Charley ------=_NextPart_000_022C_01C2412B.4B7D3090 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom, you're a silver tongued devil.... =
 
BTW, why don't you like = banks?
Gene
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 11, 2002 = 11:22=20 AM
Subject: Re: [CANSLIM] = investment=20 club

Chris, and Chazmoore, might I suggest this is=20 sufficiently off topic to discuss in private?
 
----- Original Message -----=20
From: Chris Dempsey =
Sent: Sunday, August 11, 2002 12:05 PM
Subject: RE: [CANSLIM] investment club

Please tell us about your investment=20 club.
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com
Sent:=20 Friday, August 09, 2002 8:33 PM
To: canslim@lists.xmission.com=
Subject:=20 [CANSLIM] Patterson Dental PDCO

As an off shoot of Mike = Gibbon's excellent=20 inquiry concerning XRAY we found one of their competitors, PDCO, = which=20 appears to be building the right side of a cup. I quickly put = together a one=20 page overview of the basic fundamentals/technicals and sent it to = the=20 members of my investment club. I know several club members will give = it a=20 review and respond within a few days. If you would like a copy of my = summary=20 report, let me know and I will send it to you off line.
I am = reluctant=20 to post the report since I do not wish to be accused of recommending = a stock=20 to the public at large.
Charley=20
------=_NextPart_000_022C_01C2412B.4B7D3090-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Personal Preferences (Re: [CANSLIM] investment club) Date: 11 Aug 2002 12:34:23 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0078_01C24133.6C51E880 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Gene, Banks are among a number of industry groups where the market has taught = me I simply don't understand them, nor can adequately value or assess = importance of developments, or finances. So I stick to industries where I think I can understand the company and = what they do. ----- Original Message -----=20 Sent: Sunday, August 11, 2002 12:36 PM Tom, you're a silver tongued devil....=20 BTW, why don't you like banks? Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 11, 2002 11:22 AM Subject: Re: [CANSLIM] investment club Chris, and Chazmoore, might I suggest this is sufficiently off topic = to discuss in private? ----- Original Message -----=20 From: Chris Dempsey=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 11, 2002 12:05 PM Subject: RE: [CANSLIM] investment club Please tell us about your investment club. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Friday, August 09, 2002 8:33 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Patterson Dental PDCO As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY = we found one of their competitors, PDCO, which appears to be building = the right side of a cup. I quickly put together a one page overview of = the basic fundamentals/technicals and sent it to the members of my = investment club. I know several club members will give it a review and = respond within a few days. If you would like a copy of my summary = report, let me know and I will send it to you off line.=20 I am reluctant to post the report since I do not wish to be accused = of recommending a stock to the public at large.=20 Charley=20 ------=_NextPart_000_0078_01C24133.6C51E880 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Gene,
 
Banks are among a number of industry groups = where the=20 market has taught me I simply don't understand them, nor can adequately = value or=20 assess importance of developments, or finances.
 
So I stick to industries where I think I can = understand=20 the company and what they do.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Sunday, August 11, 2002 12:36 PM
Subject: Re: [CANSLIM] investment club

Tom, you're a silver tongued devil.... =
 
BTW, why don't you like = banks?
Gene
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 11, 2002 = 11:22=20 AM
Subject: Re: [CANSLIM] = investment=20 club

Chris, and Chazmoore, might I suggest this is=20 sufficiently off topic to discuss in private?
 
----- Original Message -----=20
From: Chris Dempsey =
Sent: Sunday, August 11, 2002 12:05 PM
Subject: RE: [CANSLIM] investment club

Please tell us about your investment=20 club.
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com
Sent:=20 Friday, August 09, 2002 8:33 PM
To: canslim@lists.xmission.com=
Subject:=20 [CANSLIM] Patterson Dental PDCO

As an off shoot of Mike = Gibbon's excellent=20 inquiry concerning XRAY we found one of their competitors, PDCO, = which=20 appears to be building the right side of a cup. I quickly put = together a one=20 page overview of the basic fundamentals/technicals and sent it to = the=20 members of my investment club. I know several club members will give = it a=20 review and respond within a few days. If you would like a copy of my = summary=20 report, let me know and I will send it to you off line.
I am = reluctant=20 to post the report since I do not wish to be accused of recommending = a stock=20 to the public at large.
Charley=20
------=_NextPart_000_0078_01C24133.6C51E880-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chris Dempsey Subject: RE: [CANSLIM] investment club Date: 11 Aug 2002 11:43:12 -0500 This is a multi-part message in MIME format. --Boundary_(ID_f19ojL00xfydskMqb0bIsw) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT I would be interested to know if this club uses the CANSLIM methodology, and if so how a club is able to implement it. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, August 11, 2002 11:22 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] investment club Chris, and Chazmoore, might I suggest this is sufficiently off topic to discuss in private? ----- Original Message ----- From: Chris Dempsey To: canslim@lists.xmission.com Sent: Sunday, August 11, 2002 12:05 PM Subject: RE: [CANSLIM] investment club Please tell us about your investment club. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Friday, August 09, 2002 8:33 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Patterson Dental PDCO As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY we found one of their competitors, PDCO, which appears to be building the right side of a cup. I quickly put together a one page overview of the basic fundamentals/technicals and sent it to the members of my investment club. I know several club members will give it a review and respond within a few days. If you would like a copy of my summary report, let me know and I will send it to you off line. I am reluctant to post the report since I do not wish to be accused of recommending a stock to the public at large. Charley --Boundary_(ID_f19ojL00xfydskMqb0bIsw) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
I would be interested to know if this club uses the CANSLIM methodology, and if so how a club is able to implement it.
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Sunday, August 11, 2002 11:22 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] investment club

Chris, and Chazmoore, might I suggest this is sufficiently off topic to discuss in private?
 
----- Original Message -----
Sent: Sunday, August 11, 2002 12:05 PM
Subject: RE: [CANSLIM] investment club

Please tell us about your investment club.
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com
Sent: Friday, August 09, 2002 8:33 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Patterson Dental PDCO

As an off shoot of Mike Gibbon's excellent inquiry concerning XRAY we found one of their competitors, PDCO, which appears to be building the right side of a cup. I quickly put together a one page overview of the basic fundamentals/technicals and sent it to the members of my investment club. I know several club members will give it a review and respond within a few days. If you would like a copy of my summary report, let me know and I will send it to you off line.
I am reluctant to post the report since I do not wish to be accused of recommending a stock to the public at large.
Charley
--Boundary_(ID_f19ojL00xfydskMqb0bIsw)-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 11 Aug 2002 14:26:31 -0400 Hermann: At the time I replied, this list was floundering a bit, throwing out this stock or that (along with personal slurs, innuendo, etc), without much thought or providing "why" of their posts. Then along comes Mike, putting a stock on the table, including a description of the company, most of the essential CANSLIM facets about the stock, and WHY he liked it. When I saw this, my intent was to communicate a) to him that his summary IS superlative, and b)to the rest of the group, particularly newcomers, that this is what we mean herein when we say, "Post any stock you're considering and want feedback on, but be sure to tell us why you're posting it, how do you think it conforms to CANSLIM, etc. For your information, off list, Mike responded to me in French. Ah, I thought, my idiom was well directed; and yes, a sign of a certain level of "class." The French notwithstanding, Mike's contributions to this group (cwh online analysis tools, among other things) may not put him in the highest social class, but I think many of the regulars will agree he's probably ahead of whatever is next to the highest! Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl Sent: Saturday, August 10, 2002 12:50 AM That is a good point, Duke. Don't use simple language if a more complicated expression, that adds value to the information, can be found. I thought you spoke about XRAY when you said, "cr=E8me de la cr=E8me!" = and I would have liked that you explain what - actually that is not the right word because superlative means everything - why it is superlative. Now I am not sure. Did you say Mike belongs to the highest social class? > From: "Duke Miller" > To: > Date: Thu, 8 Aug 2002 23:07:35 -0400 > > Hermann: > > 1. Something superlative. > 2. People of the highest social level. > > [French : cr=E8me, cream + de, of + la, the + cr=E8me, cream.] > > > ---------------------------------------------------------------------- > -- > > -----Original Message----- > From: owner-canslim@lists.xmission.com=20 > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl > Sent: Thursday, August 08, 2002 9:20 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Current Case Study - XRAY > > > cr=E8me de la cr=E8me - would you please elaborate. > > > > > From: "Duke Miller" > > To: > > Date: Thu, 8 Aug 2002 16:25:32 -0400 > > > > e Mike: When it comes to submitting stocks for > > consideration, this has got to be, beyond a doubt, the cr=E8me de la = > > cr=E8me! > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com=20 > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons > > Sent: Thursday, August 08, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Current Case Study - XRAY > > > > In view of the interest in current cases rather than 20-20 > > hindsight, and discussions to aid the learning process, I offer > > XRAY as an example, which broke out today from a CwH pattern with > > short handle Firstly, let me add the disclaimer that I'm a > > programmer who was introduced to CANSLIM as a development project, > > and I'm 1 year into the 3 yr learning curve, so further comment > > by the "experts" is welcomed to improve my own > > understanding. Firstly the fundamentals which are very strong, > > with the exception that Institutional Ownership is already quite > > high. There are differing views on what the level should be, but > > somewhere less than 30% would be better. Additional DD would be > > required to determine why pre-tax profit margins are decreasing > > and if that is cause for concern. (This information is drawn from > > yahoo/multex not IBD) > > C Current Earnings > Earnings per share > > growth of at least 25% in the most recent quarter > > > > > > > Most recent quarter year on year growth. (Published > > financial data). > > > > 35.00 % > Latest three quarters of sales > > growth should be a minimum of 25% > Average > > year on year growth for last 3 quarters. (Published > > financial data). 51.00 % > Sales growth > > should be accelerating. > Difference in year > > on year growth rates over last 3 quarters. (Published > > financial data). 23.00 A Strong > > Annual Earnings Growth Annual earnings growth > > for the last three years of 25% or greater 3 > > year compound EPS growth rate. (Published financial > > data). 53.00 % Return on equity should be > > at least 17% Published financial data. > > 21.00 % Pretax profit margins should > > be increasing Profit Margin for most recent > > quarter minus profit margin 1 year ago. (Published > > financial data). -1.00 size=3D2>N > > > New Products, Services or Leadership > If a > > company has a dynamic new product or service, or is > > capitalizing on new conditions in the economy, this can have a=20 > > dramatic impact on the price of a stock. Buy stocks just as > > they emerge from a sound "base" pattern and make new price > > highs. Not Known > > size=3D2>S Supply and Demand Watch = the > > demand for shares by looking at the percentage change in > > volume for each of your stocks. Analyze a stock's daily and > > weekly price and volume changes. The up/down volume > > ratio measures the ratio of accumulation days to > > distribution days over the last 50 days. > > 0.90 L Leading Stocks in Leading Industry > > Groups Nearly 50% of a stock's price action > > is a result of its industry group's performance. Focus on > > the top industry groups, and within those groups select > > stocks with the best price performance. > > Multex Industry Rank ( 0 - 99 ) > > (26 week relative performance). > > 90 > > > > Multex Rank within Industry ( 0 - 99 ). Provided for > > informational purposes only. > > (4 week relative performance) > > > > 22 > The stock's Relative Price Strength > > Rating should be in the 80s or 90s > We > > calculate RS daily by ranking all NYSE, AMEX and NASDAQ > > stocks. Our RS algorithm is described here. It correlates > > well with IBD's. Value. Score pro-rated in range > > 60-79. 83 I Institutional > > Sponsorship You want at least a few of the > > better performing mutual funds owning the stock. They're > > the ones who will drive the stock up on a sustained > > basis. Institutional Ownership. Value in range 5 > > - 30% needed to score 1. 79.00 > > % No. of Institutions. Provided for > > informational purposes only. 568 > > size=3D2>M > Market Direction > You can > > buy the best stocks, but if the general market is weak, > > most likely your stocks will be weak also. > > Because Market Direction is not specific to any one > > particular stock, we do not evaluate it on a per stock > > basis. Look at the chart below. Note that the handle > > is only 3 days long. This is normally insufficient to have shaken > > out the potential sellers and WON recommends that a handle should > > be at least 1-2 weeks long, otherwise a breakout is prone to > > failure. Also the volume in the handle has not dried up. This is > > often the case in the early days of handle formation and we would > > like to see the volume decrease below the ADV and the price wedge > > downwards as the handle progresses. Look at the volume coming > > up the right side of the cup - consistently above the 50 ADV > > accompanied by big price positive price movements, with only two > > days when the stock closed slightly down. It would have been > > better if the volume had been below the ADV on those days, in > > which case the stock would have earned a higher CQ (Chart > > Quality) score. > > > > Note the RS line. This is quite high at 83, but has advanced > > only slightly over the last few days despite significant price > > gains in this stock. This indicates that other stocks are doing > > at least as well. The 50 day up/down volume is at 0.90. > > Values less than 1 mean that the down volume days exceed the up=20 > > volume > > > days. However, the trend of the line is upwards, which is a > > positive sign. I'll go out on a limb and say my guess > > is that todays breakout will not be sustained (although its > > holding now - just) and it will continue to form a > > handle. I conclude that this is one to watch but not to > > buy right now. Aloha, Mike Gibbons > > Proactive Technologies, LLC http://www.proactech.com = size=3D2> > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe=20 > canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Websters" Subject: [CANSLIM] please unsubscribe Date: 12 Aug 2002 07:36:43 +1000 This is a multi-part message in MIME format. ------=_NextPart_000_00A0_01C241D3.011C6C20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ------=_NextPart_000_00A0_01C241D3.011C6C20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
------=_NextPart_000_00A0_01C241D3.011C6C20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Life Insurers next? Date: 11 Aug 2002 19:27:48 -0400 Looks like the ratings agencies are getting concerned over life insurance companies exposure to bonds issued by now bankrupt companies, and potential ones in the future. Moody's estimates their exposure to Worldcom, Dynergy and Qwest at a petty $23 billion so far. S&P already lowered their rating on the group from stable to negative. While their portfolios are more diversified today than a decade or so ago, another big hit could lead to some being downgraded. And I would expect some of the ones more exposed are likely to suffer on the earnings side of things as they absorb and write off the now non performing portion of their investments. Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Life Insurers next? Date: 11 Aug 2002 19:06:23 -0500 Tom, I would think even you would find it difficult to maintain a bullish outlook in this environment Sure seems that with all the defaulting going on by mega-large companies that we can't be at the bottom yet, much less in a rally. Someone has to be taking a big hit from all this red ink. The M in CAN SLIM will be a long time coming around, IMHO. There, is that enuf bearish sentiment to get things going again? Norm ----- Original Message ----- Sent: Sunday, August 11, 2002 6:27 PM > Looks like the ratings agencies are getting concerned over life insurance > companies exposure to bonds issued by now bankrupt companies, and potential > ones in the future. Moody's estimates their exposure to Worldcom, Dynergy > and Qwest at a petty $23 billion so far. S&P already lowered their rating on > the group from stable to negative. While their portfolios are more > diversified today than a decade or so ago, another big hit could lead to > some being downgraded. And I would expect some of the ones more exposed are > likely to suffer on the earnings side of things as they absorb and write off > the now non performing portion of their investments. > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Life Insurers next? Date: 11 Aug 2002 18:19:36 -0700 (PDT) Norman Although I am not sure if we are anywhere near the bottom, I don't think we have to clear all the accounting scandals before they become old news. One sign on a bull market is that it shrugs off bad news - not that bad news ceases to exist. My 2 cents Kent Norman --- Norman wrote: > Tom, > > I would think even you would find it difficult to maintain a bullish > outlook > in this environment > Sure seems that with all the defaulting going on by mega-large > companies > that we can't be at the bottom yet, much less in a rally. Someone > has to be > taking a big hit from all this red ink. The M in CAN SLIM will be a > long > time coming around, IMHO. > > There, is that enuf bearish sentiment to get things going again? > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: "CANSLIM" > Sent: Sunday, August 11, 2002 6:27 PM > Subject: [CANSLIM] Life Insurers next? > > > > Looks like the ratings agencies are getting concerned over life > insurance > > companies exposure to bonds issued by now bankrupt companies, and > potential > > ones in the future. Moody's estimates their exposure to Worldcom, > Dynergy > > and Qwest at a petty $23 billion so far. S&P already lowered their > rating > on > > the group from stable to negative. While their portfolios are more > > diversified today than a decade or so ago, another big hit could > lead to > > some being downgraded. And I would expect some of the ones more > exposed > are > > likely to suffer on the earnings side of things as they absorb and > write > off > > the now non performing portion of their investments. > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] Life Insurers next? Date: 11 Aug 2002 20:32:04 -0500 And why do you limit the discussion to life insurers? Property and Casualty companies, Reinsurance companies, etc., are all at risk. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman Sent: Sunday, August 11, 2002 8:20 PM Norman Although I am not sure if we are anywhere near the bottom, I don't think we have to clear all the accounting scandals before they become old news. One sign on a bull market is that it shrugs off bad news - not that bad news ceases to exist. My 2 cents Kent Norman --- Norman wrote: > Tom, > > I would think even you would find it difficult to maintain a bullish > outlook > in this environment > Sure seems that with all the defaulting going on by mega-large > companies > that we can't be at the bottom yet, much less in a rally. Someone > has to be > taking a big hit from all this red ink. The M in CAN SLIM will be a > long > time coming around, IMHO. > > There, is that enuf bearish sentiment to get things going again? > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: "CANSLIM" > Sent: Sunday, August 11, 2002 6:27 PM > Subject: [CANSLIM] Life Insurers next? > > > > Looks like the ratings agencies are getting concerned over life > insurance > > companies exposure to bonds issued by now bankrupt companies, and > potential > > ones in the future. Moody's estimates their exposure to Worldcom, > Dynergy > > and Qwest at a petty $23 billion so far. S&P already lowered their > rating > on > > the group from stable to negative. While their portfolios are more > > diversified today than a decade or so ago, another big hit could > lead to > > some being downgraded. And I would expect some of the ones more > exposed > are > > likely to suffer on the earnings side of things as they absorb and > write > off > > the now non performing portion of their investments. > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Life Insurers next? Date: 11 Aug 2002 21:37:10 -0400 valid point Fred. I only mentioned life insurers as that was the focus of the article I was reading. But any publicly traded company which has large cash reserves and must invest it somewhere is likely to be potentially exposed. Might be interesting to know where MSFT had all its cash parked. ----- Original Message ----- Sent: Sunday, August 11, 2002 9:32 PM And why do you limit the discussion to life insurers? Property and Casualty companies, Reinsurance companies, etc., are all at risk. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman Sent: Sunday, August 11, 2002 8:20 PM Norman Although I am not sure if we are anywhere near the bottom, I don't think we have to clear all the accounting scandals before they become old news. One sign on a bull market is that it shrugs off bad news - not that bad news ceases to exist. My 2 cents Kent Norman --- Norman wrote: > Tom, > > I would think even you would find it difficult to maintain a bullish > outlook > in this environment > Sure seems that with all the defaulting going on by mega-large > companies > that we can't be at the bottom yet, much less in a rally. Someone > has to be > taking a big hit from all this red ink. The M in CAN SLIM will be a > long > time coming around, IMHO. > > There, is that enuf bearish sentiment to get things going again? > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: "CANSLIM" > Sent: Sunday, August 11, 2002 6:27 PM > Subject: [CANSLIM] Life Insurers next? > > > > Looks like the ratings agencies are getting concerned over life > insurance > > companies exposure to bonds issued by now bankrupt companies, and > potential > > ones in the future. Moody's estimates their exposure to Worldcom, > Dynergy > > and Qwest at a petty $23 billion so far. S&P already lowered their > rating > on > > the group from stable to negative. While their portfolios are more > > diversified today than a decade or so ago, another big hit could > lead to > > some being downgraded. And I would expect some of the ones more > exposed > are > > likely to suffer on the earnings side of things as they absorb and > write > off > > the now non performing portion of their investments. > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaver Date: 11 Aug 2002 22:54:40 -0400 I am surprised by the extend the selections change. Below are the selections since June 29; those marked with an "*" were dropped the following week - the majority in every week's list. Tom explains, "I still only look at each chart for about 20-30 seconds. My comments are my impression, strictly an opinion and worth every penny paid for it." We, who do DD on Tom's selections, can save a lot of time if we check only those selections of the previous week that were not dropped, in the latest case FCN and SBMC. 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP APOL APOL ASL* CHCO CTSH APOL* HBEK APSG APSG* FESX* CTSH FCBP* AROW* HRB CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE EPIQ* COCO* INTU* FCN* DCOM* QSII FNLY CPS* ITLA* HBEK DOCC* SBMC FSTW* CTSH* LBAI* PGC* DORL* SFNT HRH* DOCC* OZRK* RLI* FCN TRBS MMSI* ELK* PGC SCHN* FSTW* MOVI* FNLY SCHN UCFC* PORT* MTH* INTU THO* VIBC* SBMC OVRL* JILL* VIBC WHI* SSNC* SYPR* JJSF* ZAP* WSH* KBH* LABS* LEN* LTD* MDC* MEDW* SSNC* - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: Re: [CANSLIM] DRYR Chart Date: 12 Aug 2002 05:24:05 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0010_01C241C0.7A3030A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Can anyone explain why Dreyers Grand Ice Cream's (DRYR) chart looks the = way it does? Is this a very high tight flag with a long base or did = their stock get bought out? (JC) ------=_NextPart_000_0010_01C241C0.7A3030A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Can anyone explain why Dreyers Grand = Ice Cream's=20 (DRYR) chart looks the way it does?  Is this a very high tight flag = with a=20 long base or did their stock get bought out?
 
(JC)
 
------=_NextPart_000_0010_01C241C0.7A3030A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DRYR Chart Date: 12 Aug 2002 08:33:27 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0039_01C241DA.EE504870 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't recall the details, but they are merging ----- Original Message -----=20 Sent: Monday, August 12, 2002 8:24 AM Can anyone explain why Dreyers Grand Ice Cream's (DRYR) chart looks the = way it does? Is this a very high tight flag with a long base or did = their stock get bought out? (JC) ------=_NextPart_000_0039_01C241DA.EE504870 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't recall the details, but they are=20 merging
 
----- Original Message -----=20
From: John = Calkins=20
Sent: Monday, August 12, 2002 8:24 AM
Subject: Re: [CANSLIM] DRYR Chart

Can anyone explain why Dreyers Grand = Ice Cream's=20 (DRYR) chart looks the way it does?  Is this a very high tight flag = with a=20 long base or did their stock get bought out?
 
(JC)
 
------=_NextPart_000_0039_01C241DA.EE504870-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] DRYR Chart Date: 12 Aug 2002 07:35:49 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0FEF_01C241D2.E1221500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi John, Significant Developments and Recent News, from: http://yahoo.marketguide.com/MGI/signdevt.asp?target=3D%2Fstocks%2Fcompan= yinformation%2Fsigndevt&Ticker=3DDRYR Dreyer's Grand Ice Cream, Inc. and Nestle Forge Broad Strategic = Alliance: Dreyer's to Acquire Nestle Ice Cream Company, Including U.S. = Nestle Novelties and Haagen-Dazs Businesses Jun 17, 2002 Dreyer's Grand Ice Cream, Inc. and Nestle S.A. have announced a broad = new strategic alliance in which Dreyer's will acquire Nestle's U.S. ice = cream business for 55 million shares of new Dreyer's stock. This = transaction will increase Nestle's holding in Dreyer's to 67% of fully = diluted shares. In addition, Dreyer's shareholders will receive the = right to sell (put) their stock to the Company for $83 per share, = beginning on January 1, 2006, during certain periods until mid-May 2006, = as part of an agreement between Nestle S.A., Nestle Holdings, Inc. and = Dreyer's. Outstanding Dreyer's shares could also be called for = redemption for $88 beginning on January 1, 2007, until June 30, 2007, = under the same agreement. Dreyer's currently outstanding common stock = will be exchanged on a share for share basis for new common stock that = will carry these put and call features. Dreyer's will continue as a = publicly traded company with Nestle's ownership remaining at no more = than 67%. After the beginning of 2006, Nestle's ownership of the = remaining Dreyer's stock could increase as a result of the exercise of = the call or through exercises of the puts. It is also possible, after = 2006, Dreyer's could continue operating as a public company. OAKLAND, Calif., Aug 5, 2002 (BUSINESS WIRE) --Dreyer's Grand Ice Cream, = Inc. (Nasdaq:DRYR) announced that on Friday August 2, 2002, the company = and Nestle S.A. received a Request for Additional Information and = Documentary Materials (a "Second Request") from the Federal Trade = Commission in connection with the proposed transaction among Dreyer's = Grand Ice Cream, Inc., Nestle Ice Cream Company, LLC and Nestle. The = parties continue to work with the FTC in order to expedite the agency's = review of the proposed transaction with the goal of closing of the = transaction by year end. --Katherine ----- Original Message -----=20 From: John Calkins=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:24 AM Subject: Re: [CANSLIM] DRYR Chart Can anyone explain why Dreyers Grand Ice Cream's (DRYR) chart looks = the way it does? Is this a very high tight flag with a long base or did = their stock get bought out? (JC) ------=_NextPart_000_0FEF_01C241D2.E1221500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi John,
 
Significant Developments and Recent News, from:
http://yahoo.marketgui= de.com/MGI/signdevt.asp?target=3D%2Fstocks%2Fcompanyinformation%2Fsigndev= t&Ticker=3DDRYR
 
Dreyer's Grand Ice = Cream, Inc. and=20 Nestle Forge Broad Strategic Alliance: Dreyer's to Acquire Nestle Ice = Cream=20 Company, Including U.S. Nestle Novelties and Haagen-Dazs = Businesses   Jun = 17,=20 2002
Dreyer's Grand Ice = Cream, Inc. and=20 Nestle S.A. have announced a broad new strategic alliance in which = Dreyer's will=20 acquire Nestle's U.S. ice cream business for 55 million shares of new = Dreyer's=20 stock. This transaction will increase Nestle's holding in Dreyer's to = 67% of=20 fully diluted shares. In addition, Dreyer's shareholders will receive = the right=20 to sell (put) their stock to the Company for $83 per share, beginning on = January=20 1, 2006, during certain periods until mid-May 2006, as part of an = agreement=20 between Nestle S.A., Nestle Holdings, Inc. and Dreyer's. Outstanding = Dreyer's=20 shares could also be called for redemption for $88 beginning on January = 1, 2007,=20 until June 30, 2007, under the same agreement. Dreyer's currently = outstanding=20 common stock will be exchanged on a share for share basis for new common = stock=20 that will carry these put and call features. Dreyer's will continue as a = publicly traded company with Nestle's ownership remaining at no more = than 67%.=20 After the beginning of 2006, Nestle's ownership of the remaining = Dreyer's stock=20 could increase as a result of the exercise of the call or through = exercises of=20 the puts. It is also possible, after 2006, Dreyer's could continue = operating as=20 a public company.

OAKLAND, Calif., Aug 5, 2002 (BUSINESS WIRE) --Dreyer's Grand Ice = Cream, Inc.=20 (Nasdaq:DRYR) announced that on Friday August 2, 2002, the company and = Nestle=20 S.A. received a Request for Additional Information and Documentary = Materials (a=20 "Second Request") from the Federal Trade Commission in connection with = the=20 proposed transaction among Dreyer's Grand Ice Cream, Inc., Nestle Ice = Cream=20 Company, LLC and Nestle. The parties continue to work with the FTC in = order to=20 expedite the agency's review of the proposed transaction with the goal = of=20 closing of the transaction by year end.

--Katherine

----- Original Message -----
From:=20 John=20 Calkins
Sent: Monday, August 12, 2002 = 7:24=20 AM
Subject: Re: [CANSLIM] DRYR = Chart

Can anyone explain why Dreyers Grand = Ice Cream's=20 (DRYR) chart looks the way it does?  Is this a very high tight = flag with=20 a long base or did their stock get bought out?
 
(JC)
 
------=_NextPart_000_0FEF_01C241D2.E1221500-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Life Insurers next? Date: 12 Aug 2002 07:21:51 -0600 If I remember right most of MSFTs cash is really just that parked in T-bills etc. But I obviously could be totally wrong on this one. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, August 11, 2002 7:37 PM valid point Fred. I only mentioned life insurers as that was the focus of the article I was reading. But any publicly traded company which has large cash reserves and must invest it somewhere is likely to be potentially exposed. Might be interesting to know where MSFT had all its cash parked. ----- Original Message ----- Sent: Sunday, August 11, 2002 9:32 PM And why do you limit the discussion to life insurers? Property and Casualty companies, Reinsurance companies, etc., are all at risk. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman Sent: Sunday, August 11, 2002 8:20 PM Norman Although I am not sure if we are anywhere near the bottom, I don't think we have to clear all the accounting scandals before they become old news. One sign on a bull market is that it shrugs off bad news - not that bad news ceases to exist. My 2 cents Kent Norman --- Norman wrote: > Tom, > > I would think even you would find it difficult to maintain a bullish > outlook > in this environment > Sure seems that with all the defaulting going on by mega-large > companies > that we can't be at the bottom yet, much less in a rally. Someone > has to be > taking a big hit from all this red ink. The M in CAN SLIM will be a > long > time coming around, IMHO. > > There, is that enuf bearish sentiment to get things going again? > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: "CANSLIM" > Sent: Sunday, August 11, 2002 6:27 PM > Subject: [CANSLIM] Life Insurers next? > > > > Looks like the ratings agencies are getting concerned over life > insurance > > companies exposure to bonds issued by now bankrupt companies, and > potential > > ones in the future. Moody's estimates their exposure to Worldcom, > Dynergy > > and Qwest at a petty $23 billion so far. S&P already lowered their > rating > on > > the group from stable to negative. While their portfolios are more > > diversified today than a decade or so ago, another big hit could > lead to > > some being downgraded. And I would expect some of the ones more > exposed > are > > likely to suffer on the earnings side of things as they absorb and > write > off > > the now non performing portion of their investments. > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] analysts Date: 12 Aug 2002 10:05:06 -0600 Well, those Wall Street weasels are still weasels, even after promising re= form. Here is the link, since it requires registration, some people will probabl= y not be able to get there or wish to register, so I've excerpted a couple of passages = below - http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html The two executives boasted that Salomon, Citigroup's investment bank subsidiary, had been the first to adopt reforms suggested by Eliot Spitzer= , the New York attorney general, who is investigating Wall Street research. They= also proposed additional moves that regulators might take to prevent a fir= m's investment bankers from exerting improper influence on its research analys= ts ..... As Mr. Boss tells the tale, in late June, after spending weeks on a report= analyzing three office furniture companies, he was lukewarm about the stoc= ks' prospects and assigned them a neutral and high-risk rating. He argued that= until the overall business climate improved, demand for these companies' products would be lackluster. When two Salomon investment bankers and Mr. Boss's immediate supervisor saw the draft report, they demanded that he revise it to be more upbeat. Mr. Boss refused. A few days later, on June 2= 7, he was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, which he refused. Beginning on June 3, for example, the firm said that any fact checking by = the investment banking division of draft research reports would be limited to = the first research written about an initial public offering. Moreover, the rul= es said that any draft research sent to investment banking for fact checking "must= omit the rating and target price as well as the investment thesis and valu= ation analysis sections." According to Mr. Boss, two Salomon investment bankers, Richard Moriarty and Marc Schneider, flouted those rules the week of June 23, demanding to see Mr. Boss's report, which was in draft form on his laptop computer. Stephen S. Kim, the analyst covering home-building stocks at Salomon and Mr. Boss's immediate supervisor, told him to put the report on the firm's internal network so it could be reviewed by the investment bankers. Mr. Bo= ss protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon w= ent to the research department and reviewed the report on Mr. Boss's laptop. T= wo of the three office furnishings stocks that Mr. Boss had advised investors= to be cautious of =94 Interface and Steelcase =94 had recently issued bonds that= were underwritten by Salomon. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: jch Subject: RE: [CANSLIM] Life Insurers next? Date: 12 Aug 2002 11:48:32 -0500 --=======363A2F1D======= Content-Type: text/plain; x-avg-checked=avg-ok-72DE2A27; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit Don't forget Major Banks exposure--see the following: >http://www.innercitypress.org/jpmchase.html and http://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=jp+morgan+chase+%26+co+bad+news&btnG=Google+Search (long link may wrap to second line) John Heiman >If I remember right most of MSFTs cash is really just that parked in T-bills >etc. But I obviously could be totally wrong on this one. > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley >Sent: Sunday, August 11, 2002 7:37 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Life Insurers next? > > >valid point Fred. I only mentioned life insurers as that was the focus of >the article I was reading. But any publicly traded company which has large >cash reserves and must invest it somewhere is likely to be potentially >exposed. Might be interesting to know where MSFT had all its cash parked. > >----- Original Message ----- >From: "Fred Richards" >To: >Sent: Sunday, August 11, 2002 9:32 PM >Subject: RE: [CANSLIM] Life Insurers next? > > >And why do you limit the discussion to life insurers? Property and Casualty >companies, Reinsurance companies, etc., are all at risk. > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman >Sent: Sunday, August 11, 2002 8:20 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Life Insurers next? > > >Norman > >Although I am not sure if we are anywhere near the bottom, I don't >think we have to clear all the accounting scandals before they become >old news. One sign on a bull market is that it shrugs off bad news - >not that bad news ceases to exist. > >My 2 cents >Kent Norman > >--- Norman wrote: > > Tom, > > > > I would think even you would find it difficult to maintain a bullish > > outlook > > in this environment > > Sure seems that with all the defaulting going on by mega-large > > companies > > that we can't be at the bottom yet, much less in a rally. Someone > > has to be > > taking a big hit from all this red ink. The M in CAN SLIM will be a > > long > > time coming around, IMHO. > > > > There, is that enuf bearish sentiment to get things going again? > > > > Norm > > ----- Original Message ----- > > From: "Tom Worley" > > To: "CANSLIM" > > Sent: Sunday, August 11, 2002 6:27 PM > > Subject: [CANSLIM] Life Insurers next? > > > > > > > Looks like the ratings agencies are getting concerned over life > > insurance > > > companies exposure to bonds issued by now bankrupt companies, and > > potential > > > ones in the future. Moody's estimates their exposure to Worldcom, > > Dynergy > > > and Qwest at a petty $23 billion so far. S&P already lowered their > > rating > > on > > > the group from stable to negative. While their portfolios are more > > > diversified today than a decade or so ago, another big hit could > > lead to > > > some being downgraded. And I would expect some of the ones more > > exposed > > are > > > likely to suffer on the earnings side of things as they absorb and > > write > > off > > > the now non performing portion of their investments. > > > > > > Tom Worley > > > stkguru@bellsouth.net > > > AIM: TexWorley > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > >===== >Opportunities always look bigger going than coming. > >__________________________________________________ >Do You Yahoo!? >HotJobs - Search Thousands of New Jobs >http://www.hotjobs.com > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >--- >Incoming mail is certified Virus Free. >Checked by AVG anti-virus system (http://www.grisoft.com). >Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======363A2F1D======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-72DE2A27 Content-Disposition: inline --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======363A2F1D=======-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] analysts Date: 12 Aug 2002 16:44:56 -0400 This is incredible. I pulled up the story, and was further shocked by this revelation: In a discussion with (his boss) Mr. Kim about his progress on the report, Mr. Boss made clear his doubts on the sector. He said Mr. Kim began to fret. Mr. Boss, who sat within earshot of Mr. Kim, said his superior called the investment bankers and discussed the report, but was careful to do so on his cellphone. Mr. Boss said that Mr. Kim had told him to be careful to limit conversations with investment banking to cellphones because Mr. Spitzer's release of the now infamous Merrill Lynch e-mail messages had been so damaging to that firm. Furthermore, internal phone lines, which might be taped, were not to be used. And near the end of the article: "In an affidavit that Mr. Boss submitted to Salomon and the New York attorney general, he said investment bankers at the firm regularly told Mr. Kim of pending banking assignments and merger and acquisition activities involving companies in his sector. "In violation of the rules, Steve issued favorable research reports on the companies involved (homebuilders) after he became knowledgeable of the transactions," Mr. Boss said in his affidavit. "Mr. Boss also said in his statement that shortly after the Masco Corporation, a maker of building products, sold 22 million shares to the public in an underwriting co-managed by Salomon this spring, and after Mr. Kim had raised his estimates for the company, Mr. Kim asked Masco management to help with the installation of a new kitchen in his Westchester home. According to Mr. Boss's affidavit, Masco spent more than $10,000 sending materials and two high-level managers from Michigan to Mr. Kim's home for several days." And this is a subsidiary of Citigroup? With all that's gone on, these guys are either brain-dead, or totally brain-washed. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl Sent: Monday, August 12, 2002 12:05 PM Well, those Wall Street weasels are still weasels, even after promising reform. Here is the link, since it requires registration, some people will probably not be able to get there or wish to register, so I've excerpted a couple of passages below - http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html The two executives boasted that Salomon, Citigroup's investment bank subsidiary, had been the first to adopt reforms suggested by Eliot Spitzer, the New York attorney general, who is investigating Wall Street research. They also proposed additional moves that regulators might take to prevent a firm's investment bankers from exerting improper influence on its research analysts ..... As Mr. Boss tells the tale, in late June, after spending weeks on a report analyzing three office furniture companies, he was lukewarm about the stocks' prospects and assigned them a neutral and high-risk rating. He argued that until the overall business climate improved, demand for these companies' products would be lackluster. When two Salomon investment bankers and Mr. Boss's immediate supervisor saw the draft report, they demanded that he revise it to be more upbeat. Mr. Boss refused. A few days later, on June 27, he was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, which he refused. Beginning on June 3, for example, the firm said that any fact checking by the investment banking division of draft research reports would be limited to the first research written about an initial public offering. Moreover, the rules said that any draft research sent to investment banking for fact checking "must omit the rating and target price as well as the investment thesis and valuation analysis sections." According to Mr. Boss, two Salomon investment bankers, Richard Moriarty and Marc Schneider, flouted those rules the week of June 23, demanding to see Mr. Boss's report, which was in draft form on his laptop computer. Stephen S. Kim, the analyst covering home-building stocks at Salomon and Mr. Boss's immediate supervisor, told him to put the report on the firm's internal network so it could be reviewed by the investment bankers. Mr. Boss protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon went to the research department and reviewed the report on Mr. Boss's laptop. Two of the three office furnishings stocks that Mr. Boss had advised investors to be cautious of " Interface and Steelcase " had recently issued bonds that were underwritten by Salomon. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Which One Is Better Date: 12 Aug 2002 16:06:41 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01EA_01C2421A.3F3228F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageLet's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect=AE Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. =20 ------=_NextPart_000_01EA_01C2421A.3F3228F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Let's see, IBD provides an = Overall Rating=20 and now DGO provides a Composite Rating. Has anyone determined = which one is=20 better?
 
Gene
 
The new SmartSelect=AE Composite Rating in Investor's Business = Daily=20 and
the Stock Checkup Overall Rating found on investors.com are based = on
different formulas.

The SmartSelect=AE Composite Rating = combines all=20 5 SmartSelect Ratings
into one easy-to-use rating.  More weight = is=20 placed on EPS and RS
Rating, and the stock's percent off its 52-week = high is=20 also included in
the formula.  Results are then compared to all = other=20 companies, and each
company is assigned a rating from 1-99 with 99 = being the=20 best.  This
rating is designed to help you get a quick feel for = how a=20 company's
SmartSelect=AE Ratings compare to all other stocks in our=20 database.  This
is intended to be an additional tool to help you = find=20 the stocks with
the highest SmartSelect=AE Ratings, quickly and=20 easily.

The Overall Rating in the Stock Checkup is determined by = a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings.=20 These are
the Technical Rating, Fundamental Rating, Attractiveness = Rating,=20 Group's
Technical Rating and Group's Fundamental Rating.  The = Stock=20 Checkup uses
over 30 different variables including all the = SmartSelect=AE=20 Ratings to
calculate the Overall Rating.  When using the Stock = Checkup,=20 focus not
only on the Overall Rating but all 6 of the Checkup = Ratings. =20 Also study
how the stock compares to its group within the individual=20 Checkup
Ratings.

 

 
------=_NextPart_000_01EA_01C2421A.3F3228F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] analysts Date: 12 Aug 2002 17:28:33 -0400 Duke: Neither brain dead nor brainwashed ....just white collar crooks. My understanding is that "USA bank robbers" netted a total of $211 million in the past ten years. Most people will tell you .. bank robbers should be put away for life. Compare that ten year total with the amount from EACH of Enron, Tyco, K-Mart, Global Crossing ...and the list goes on. At each one (except TYC) whole families supported by the thousands of employees were ruined. Yet what will each of the people fron Enron etc. face ...if anything? ----- Original Message ----- Sent: Monday, August 12, 2002 4:44 PM > This is incredible. > > I pulled up the story, and was further shocked by this revelation: > > In a discussion with (his boss) Mr. Kim about his progress on the > report, Mr. Boss made clear his doubts on the sector. He said Mr. Kim > began to fret. Mr. Boss, who sat within earshot of Mr. Kim, said his > superior called the investment bankers and discussed the report, but was > careful to do so on his cellphone. Mr. Boss said that Mr. Kim had told > him to be careful to limit conversations with investment banking to > cellphones because Mr. Spitzer's release of the now infamous Merrill > Lynch e-mail messages had been so damaging to that firm. Furthermore, > internal phone lines, which might be taped, were not to be used. > > And near the end of the article: > > "In an affidavit that Mr. Boss submitted to Salomon and the New York > attorney general, he said investment bankers at the firm regularly told > Mr. Kim of pending banking assignments and merger and acquisition > activities involving companies in his sector. "In violation of the > rules, Steve issued favorable research reports on the companies involved > (homebuilders) after he became knowledgeable of the transactions," Mr. > Boss said in his affidavit. > > "Mr. Boss also said in his statement that shortly after the Masco > Corporation, a maker of building products, sold 22 million shares to the > public in an underwriting co-managed by Salomon this spring, and after > Mr. Kim had raised his estimates for the company, Mr. Kim asked Masco > management to help with the installation of a new kitchen in his > Westchester home. According to Mr. Boss's affidavit, Masco spent more > than $10,000 sending materials and two high-level managers from Michigan > to Mr. Kim's home for several days." > > And this is a subsidiary of Citigroup? > > With all that's gone on, these guys are either brain-dead, or totally > brain-washed. > > Duke > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl > Sent: Monday, August 12, 2002 12:05 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] analysts > > > Well, those Wall Street weasels are still weasels, even after promising > reform. > Here is the link, since it requires registration, some people will > probably not be able > to get there or wish to register, so I've excerpted a couple of > passages below - > > http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html > > > The two executives boasted that Salomon, Citigroup's investment bank > subsidiary, had been the first to adopt reforms suggested by Eliot > Spitzer, the > New York attorney general, who is investigating Wall Street research. > They > also proposed additional moves that regulators might take to prevent a > firm's > investment bankers from exerting improper influence on its research > analysts ..... As Mr. Boss tells the tale, in late June, after spending > weeks on a report > analyzing three office furniture companies, he was lukewarm about the > stocks' > prospects and assigned them a neutral and high-risk rating. He argued > that > until the overall business climate improved, demand for these companies' > > products would be lackluster. When two Salomon investment bankers and > Mr. > Boss's immediate supervisor saw the draft report, they demanded that he > revise it to be more upbeat. Mr. Boss refused. A few days later, on June > 27, he > was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, > which he refused. > > Beginning on June 3, for example, the firm said that any fact checking > by the > investment banking division of draft research reports would be limited > to the > first research written about an initial public offering. Moreover, the > rules said > that any draft research sent to investment banking for fact checking > "must > omit the rating and target price as well as the investment thesis and > valuation > analysis sections." > > According to Mr. Boss, two Salomon investment bankers, Richard Moriarty > and Marc Schneider, flouted those rules the week of June 23, demanding > to > see Mr. Boss's report, which was in draft form on his laptop computer. > > Stephen S. Kim, the analyst covering home-building stocks at Salomon and > > Mr. Boss's immediate supervisor, told him to put the report on the > firm's > internal network so it could be reviewed by the investment bankers. Mr. > Boss > protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon > went > to the research department and reviewed the report on Mr. Boss's laptop. > Two > of the three office furnishings stocks that Mr. Boss had advised > investors to be > cautious of " Interface and Steelcase " had recently issued bonds that > were > underwritten by Salomon. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Which One Is Better Date: 12 Aug 2002 17:47:18 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_001C_01C24228.4D8D34E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageHi Gene, There seems to be conflicting information on this...See DGO's reply to = my recent inquiry (7/31) about the very same thing: ------- Hi Katherine, =20 Thank you for your recent email to Daily Graphs Online. =20 I apologize, but the recent additions to our services have not yet been = reflected in our Image Maps resource. We plan on making the update = soon. TO address your question, I would like to confirm that the = Composite Rating you see on our service is the same SmartSelect=AE = Composite Rating that is provided by the Investor's Business Daily and = investors.com. =20 Please write back if you have any questions or need assistance. =20 Best regards, Dan Daily Graphs Online www.dailygraphs.com=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included = in the formula. Results are then compared to all other companies, and = each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup = uses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. =20 ------=_NextPart_000_001C_01C24228.4D8D34E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Hi Gene,
 
There seems to be conflicting information on this...See DGO's reply = to my=20 recent inquiry (7/31) about the very same thing:
 

Hi Katherine,

 

Thank you for your recent email = to Daily=20 Graphs Online.

 

I apologize, but the recent = additions to=20 our services have not yet been reflected in our Image Maps = resource.  We plan on making the update = soon.  TO address your question, I = would like=20 to confirm that the Composite Rating you see on our service is the same=20 SmartSelect=AE Composite Rating that is provided by the Investor's = Business Daily=20 and investors.com.

 

Please write back if you have = any questions=20 or need assistance.

 

Best=20 regards,

Dan

Daily Graphs=20 Online

www.dailygraphs.com=20

 
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 4:06=20 PM
Subject: [CANSLIM] Which One Is = Better

Let's see, IBD provides an = Overall Rating=20 and now DGO provides a Composite Rating. Has anyone determined = which one=20 is better?
 
Gene
 
The new SmartSelect=AE Composite Rating in Investor's Business = Daily=20 and
the Stock Checkup Overall Rating found on investors.com are = based=20 on
different formulas.

The SmartSelect=AE Composite Rating = combines=20 all 5 SmartSelect Ratings
into one easy-to-use rating.  More = weight is=20 placed on EPS and RS
Rating, and the stock's percent off its = 52-week high=20 is also included in
the formula.  Results are then compared to = all=20 other companies, and each
company is assigned a rating from 1-99 = with 99=20 being the best.  This
rating is designed to help you get a = quick feel=20 for how a company's
SmartSelect=AE Ratings compare to all other = stocks in our=20 database.  This
is intended to be an additional tool to help = you find=20 the stocks with
the highest SmartSelect=AE Ratings, quickly and=20 easily.

The Overall Rating in the Stock Checkup is determined = by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings.=20 These are
the Technical Rating, Fundamental Rating, Attractiveness = Rating,=20 Group's
Technical Rating and Group's Fundamental Rating.  The = Stock=20 Checkup uses
over 30 different variables including all the = SmartSelect=AE=20 Ratings to
calculate the Overall Rating.  When using the Stock = Checkup, focus not
only on the Overall Rating but all 6 of the = Checkup=20 Ratings.  Also study
how the stock compares to its group = within the=20 individual Checkup
Ratings.

 

 
------=_NextPart_000_001C_01C24228.4D8D34E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] Which One Is Better Date: 12 Aug 2002 18:14:14 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_001A_01C2422C.107E44A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit MessageIt is my understanding that both ratings are now the same. This was one of the changes made in the recent update to the Investors.com data and DGO. The differences in the IBD and DGO data just confused the issue for many people. Since different formulas were used, when a substantial delta occurred (say more than five points) in the numbers, it was an indicator to me that a stock needed to be checked out very thoroughly. In several cases, that difference prevented me from losing money. Fred -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 5:47 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: -- Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect® Composite Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect® Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect® Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect® Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect® Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. ------=_NextPart_000_001A_01C2422C.107E44A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
It is=20 my understanding that both ratings are now the same.
 
This=20 was one of the changes made in the recent update to the Investors.com = data and=20 DGO.  The differences in the IBD and DGO data just confused the = issue for=20 many people.
 
Since=20 different formulas were used, when a substantial delta occurred (say = more than=20 five points) in the numbers, it was an indicator to me that a stock = needed=20 to be checked out very thoroughly.  In several cases, that = difference=20 prevented me from losing money.
 
Fred
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Monday, August 12, 2002 5:47 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Which One = Is=20 Better

Hi Gene,
 
There seems to be conflicting information on this...See DGO's = reply to my=20 recent inquiry (7/31) about the very same thing:
 

Hi=20 Katherine,

 

Thank you for your recent = email to Daily=20 Graphs Online.

 

I apologize, but the recent = additions to=20 our services have not yet been reflected in our Image Maps = resource.  We plan on making the update = soon.  TO address your = question, I=20 would like to confirm that the Composite Rating you see on our service = is the=20 same SmartSelect=AE Composite Rating that is provided by the = Investor's Business=20 Daily and investors.com.

 

Please write back if you have = any=20 questions or need assistance.

 

Best=20 regards,

Dan

Daily Graphs=20 Online

www.dailygraphs.com=20

 
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 4:06=20 PM
Subject: [CANSLIM] Which One = Is=20 Better

Let's see, IBD provides an = Overall=20 Rating and now DGO provides a Composite Rating. Has anyone = determined=20 which one is better?
 
Gene
 
The new SmartSelect=AE Composite Rating in Investor's Business = Daily=20 and
the Stock Checkup Overall Rating found on investors.com are = based=20 on
different formulas.

The SmartSelect=AE Composite Rating = combines=20 all 5 SmartSelect Ratings
into one easy-to-use rating.  More = weight=20 is placed on EPS and RS
Rating, and the stock's percent off its = 52-week=20 high is also included in
the formula.  Results are then = compared to=20 all other companies, and each
company is assigned a rating from = 1-99 with=20 99 being the best.  This
rating is designed to help you get = a quick=20 feel for how a company's
SmartSelect=AE Ratings compare to all = other stocks=20 in our database.  This
is intended to be an additional tool = to help=20 you find the stocks with
the highest SmartSelect=AE Ratings, = quickly and=20 easily.

The Overall Rating in the Stock Checkup is determined = by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings.=20 These are
the Technical Rating, Fundamental Rating, = Attractiveness=20 Rating, Group's
Technical Rating and Group's Fundamental = Rating. =20 The Stock Checkup uses
over 30 different variables including all = the=20 SmartSelect=AE Ratings to
calculate the Overall Rating.  = When using=20 the Stock Checkup, focus not
only on the Overall Rating but all 6 = of the=20 Checkup Ratings.  Also study
how the stock compares to its = group=20 within the individual = Checkup
Ratings.

 

 
------=_NextPart_000_001A_01C2422C.107E44A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Which One Is Better Date: 12 Aug 2002 18:38:10 -0500 MessageHi Katherine, I hadn't checked today and after reading your no= te, I 'thought' I was in error. However, I just went and checked several stocks: DGO IBD AAON 85 86 AIR 38 55 ABCB 89 90 ABM 77 85 ABN 58 67 ACE 69 86 ACMR 92 95 AES 24 30 AFCE 72 79 AFL 92 95 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- =46rom: Katherine Malm Sent: Monday, August 12, 2002 5:47 PM Hi Gene, There seems to be conflicting information on this...See DGO's reply t= o my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet be= en reflected in our Image Maps resource. We plan on making the update s= oon. TO address your question, I would like to confirm that the Composite = Rating you see on our service is the same SmartSelect=AE Composite Rating th= at is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- =46rom: Gene Ricci Sent: Monday, August 12, 2002 4:06 PM Let's see, IBD provides an Overall Rating and now DGO provides a Comp= osite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Rating= s into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included= in the formula. Results are then compared to all other companies, and e= ach company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietar= y formula incorporating all five of the Stock Checkup ratings. These ar= e the Technical Rating, Fundamental Rating, Attractiveness Rating, Grou= p's Technical Rating and Group's Fundamental Rating. The Stock Checkup u= ses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus no= t only on the Overall Rating but all 6 of the Checkup Ratings. Also st= udy how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 18:50:04 -0500 I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- =46rom: Katherine Malm Sent: Monday, August 12, 2002 5:47 PM Hi Gene, There seems to be conflicting information on this...See DGO's reply t= o my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet be= en reflected in our Image Maps resource. We plan on making the update s= oon. TO address your question, I would like to confirm that the Composite = Rating you see on our service is the same SmartSelect=AE Composite Rating th= at is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- =46rom: Gene Ricci Sent: Monday, August 12, 2002 4:06 PM Let's see, IBD provides an Overall Rating and now DGO provides a Comp= osite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Rating= s into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included= in the formula. Results are then compared to all other companies, and e= ach company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietar= y formula incorporating all five of the Stock Checkup ratings. These ar= e the Technical Rating, Fundamental Rating, Attractiveness Rating, Grou= p's Technical Rating and Group's Fundamental Rating. The Stock Checkup u= ses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus no= t only on the Overall Rating but all 6 of the Checkup Ratings. Also st= udy how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 12 Aug 2002 16:56:58 -0700 Kelly-catching up on myt mail also-I thought your presentation was really good-I wish I was that far right now. Can you tell me where you got your info? IBD? Daily Graphs? Other source? Thanks nancy >From: "Duke Miller" >Reply-To: canslim@lists.xmission.com >To: >Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for >dissection) >Date: Sun, 11 Aug 2002 09:33:54 -0400 > >Winston, et al: > >I'm catching up with my backlog of CANSLIM list messages, and a thought >just occurred to me after reading Winston's reply to Kelly below. (Sans >header I would have surely assumed it was Katherine's response!) > >Your point #4 is a true Pearl of Wisdom--I.e., it provokes further >thought, and is what I call an "a-ha". The reason? How bombarded we >are with information and desktops riddled with shortcuts to investment >net "tools." But when it's all said and done--technicals, >fundamentals, charts, ratings, etc.--spending time in thought about how >will the rest of the market...react to the point or issue and how >soon--is what it's all about, isn't it? You can't measure it, you can >accurately predict it, can't touch it, can't feel it. But if the >response to that question is not, albeit in you gut, positive, you >shouldn't touch it, should you? > >Thank you for that. > >Duke > > > -----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little >Sent: Friday, August 09, 2002 12:15 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >My hope is that the note was of some help, but please keep the following >in mind: >1. The goal is neither to whip or throw you back into the pond. >2. ALWAYS QUESTION anything that is said or stated.... do you agree with >the point or issue stated or asked? >3. If you agree with the point, then is what is the significance of the >point or issue? The point may be true but of little value. >4. How will the rest of the market traders/investors/or others react to >the point or issue, and how soon? >Depending on the results of the evaluate the points above (or others), >you may then want to respond and show the other person a different >perspective. > > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Friday, August 09, 2002 11:22 AM >Subject: RE: [CANSLIM] CCR - I offer this up for dissection > >Winston, > >You give me new understanding of DD. After reading your email I whip >myself for not investigating further before posting. Back to the newbie >pond for me. I feel like those Snakehead fish in Maryland- so close to >making it from the pond to the big river, then the big bad human ("M") >comes and throws me back in the pond. Thanks for your observations- I'll >keep hacking away. > >Kelly > -----Original Message----- >From: Winston Little [mailto:wlittle1@peoplepc.com] >Sent: Thursday, August 08, 2002 4:31 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >A few comments: >1. Chart pattern: >If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup >which is not ideal. >2. Handle is 2 days long (minimum desired is five days) on 03 and 05 >Aug. >3. Heavy volume in handle (again undesirable) >4. Breakout volume on 06 Aug was 166% of average daily = ok. >5. Debt to equity ratio = 4.3 This may be a bit high, as others in the >top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception >was the government sponsored agency FRE (Freddie Mac) at 31. >6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 >million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 >in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was >highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may >be a re-statement in the works as day of reckoning approaches for CEO >and CFO? >CCR is believed to be a sub-prime lender. Does this mean difficulty as >the slow economy persists and consumers start to run out of cash? > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Thursday, August 08, 2002 4:50 PM >Subject: [CANSLIM] CCR - I offer this up for dissection > >CCR - Countrywide Cr Inds Inc > >EPS growth could be better but are we more forgiving over the past 3 >qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in >itself is an accomplishment)? Appears to be coming out of CWH formation >(all though not as beautiful a formation as the Mona Lisa or anything >IBD would show us). Thoughts? > > >IBD Ratings >Smart Select 99 >EPS Rating 94 >RPS 89 >Industry Group Rank A >S+P M+ROE A >A/D A+ > > >Technical Rating 98 >Fundamental Rating 96 >Attractiveness Rating 99 >Group's Technical Rating 79 >Group's Fundamental Rating 86 > > > >Rank within Industry Group >Industry Rank (08/08/02) 32 > >Overall 100 >Technical 100 >Fundamental 91 >Attriveness 100 >Top 5 Companies w/in Group > > > >CCR > > > >DORL > > > >NCEN > > > >NDE > > > >FRE >Group % Chg to Date 2% >Group % Chg Last 12 mths 4% >Group % Chg Last 4 weeks 4% > > >Performance > >Up/Down Vol 1.3 >3 Yr. EPS Growth 16% >3 Yr. Sales Growth 25% >EPS Growth (Quarterly) % Chg >Qtr -1 $0.64 5% >Qtr -2 $0.61 8% >Qtr -3 $0.56 5% >Qtr -4 $0.53 8% >Qtr -5 $0.49 0% >Qtr -6 $0.49 > >Revenue Growth >Qtr -1 293,159 3% >Qtr -2 285,799 1% >Qtr -3 283,199 1% >Qtr -4 281,332 3% >Qtr -5 272,860 0% >Qtr -6 272,489 > > _____ > >For your protection, this e-mail message has been scanned for viruses. > >Visit us at http://www.neoris.com/ > > _____ > > > > _________________________________________________________________ Join the world’s largest e-mail service with MSN Hotmail. http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 16:58:41 -0700 Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- Sent: Monday, August 12, 2002 4:50 PM I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- Sent: Monday, August 12, 2002 5:47 PM Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect® Composite Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- Sent: Monday, August 12, 2002 4:06 PM Let's see, IBD provides an Overall Rating and now DGO provides a Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect® Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect® Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect® Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect® Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 19:41:50 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0373_01C24238.4DA05470 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Arghhh!=20 Same definition Same data base Same company different numbers! ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture of = the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply to = my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet = been reflected in our Image Maps resource. We plan on making the update = soon. TO address your question, I would like to confirm that the Composite = Rating you see on our service is the same SmartSelect=AE Composite Rating = that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included = in the formula. Results are then compared to all other companies, and = each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup = uses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0373_01C24238.4DA05470 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message -----
From:=20 Bill=20 Triffet
Sent: Monday, August 12, 2002 = 6:58=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original Message=20 -----
From: "Gene Ricci" <genr@swbell.net>
To: <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which One Is = Better=20 - Updated


I just had today's update figures for DGO sent to = me.
The 3 columns are 8/9 DGO data
8/12 IBD readings 30 minutes=20 ago
8/12 DGO just received today's download


Hi = Katherine, I=20 hadn't checked today and after reading your note, I
'thought' I was = in=20 error.

However, I just went and checked several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM         = 77   =20 85     =20 75
ABN         = 58   =20 67      =20 58
ACE         = 69   =20 86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different = numbers.

My=20 question still stands, which one is = better?

Gene



-----=20 Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which One Is = Better


Hi Gene,

There seems to be conflicting = information on=20 this...See DGO's reply to my
recent inquiry (7/31) about the very = same=20 thing:




Hi Katherine,

Thank you for your = recent email=20 to Daily Graphs Online.

I apologize, but the recent additions = to our=20 services have not yet been
reflected in our Image Maps = resource.  We=20 plan on making the update soon.
TO address your question, I would = like to=20 confirm that the Composite Rating
you see on our service is the = same=20 SmartSelect=AE Composite Rating that is
provided by the Investor's = Business=20 Daily and investors.com.

Please write back if you have any = questions or=20 need assistance.

Best regards,
Dan
Daily Graphs = Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is=20 Better


Let's see, IBD provides an Overall Rating and now = DGO=20 provides a Composite
Rating. Has anyone determined which one is=20 better?

Gene

The new SmartSelect=AE Composite Rating in = Investor's=20 Business Daily and
the Stock Checkup Overall Rating found on = investors.com=20 are based on
different formulas.

The SmartSelect=AE = Composite Rating=20 combines all 5 SmartSelect Ratings
into one easy-to-use = rating.  More=20 weight is placed on EPS and RS
Rating, and the stock's percent off = its=20 52-week high is also included in
the formula.  Results are = then=20 compared to all other companies, and each
company is assigned a = rating from=20 1-99 with 99 being the best.  This
rating is designed to help = you get=20 a quick feel for how a company's
SmartSelect=AE Ratings compare to = all other=20 stocks in our database.  This
is intended to be an additional = tool to=20 help you find the stocks with
the highest SmartSelect=AE Ratings, = quickly and=20 easily.

The Overall Rating in the Stock Checkup is determined = by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings.=20 These are
the Technical Rating, Fundamental Rating, Attractiveness = Rating,=20 Group's
Technical Rating and Group's Fundamental Rating.  The = Stock=20 Checkup uses
over 30 different variables including all the = SmartSelect=AE=20 Ratings to
calculate the Overall Rating.  When using the Stock = Checkup, focus not
only on the Overall Rating but all 6 of the = Checkup=20 Ratings.  Also study
how the stock compares to its group = within the=20 individual Checkup
Ratings.



-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.
------=_NextPart_000_0373_01C24238.4DA05470-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 20:40:50 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0066_01C24240.8B3F0B20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I agree. Very disconcerting. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 8:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh!=20 Same definition Same data base Same company different numbers! ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture = of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply = to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet = been reflected in our Image Maps resource. We plan on making the update = soon. TO address your question, I would like to confirm that the Composite = Rating you see on our service is the same SmartSelect=AE Composite Rating = that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also = included in the formula. Results are then compared to all other companies, and = each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks = with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a = proprietary formula incorporating all five of the Stock Checkup ratings. These = are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup = uses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus = not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0066_01C24240.8B3F0B20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I agree. Very disconcerting.
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 8:41=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message -----
From:=20 Bill=20 Triffet
Sent: Monday, August 12, 2002 = 6:58=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original Message = -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which One = Is=20 Better - Updated


I just had today's update figures for = DGO sent=20 to me.
The 3 columns are 8/9 DGO data
8/12 IBD readings 30 = minutes=20 ago
8/12 DGO just received today's download


Hi = Katherine, I=20 hadn't checked today and after reading your note, I
'thought' I = was in=20 error.

However, I just went and checked several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which One = Is=20 Better


Hi Gene,

There seems to be conflicting = information=20 on this...See DGO's reply to my
recent inquiry (7/31) about the = very same=20 thing:




Hi Katherine,

Thank you for your = recent=20 email to Daily Graphs Online.

I apologize, but the recent = additions=20 to our services have not yet been
reflected in our Image Maps=20 resource.  We plan on making the update soon.
TO address = your=20 question, I would like to confirm that the Composite Rating
you = see on=20 our service is the same SmartSelect=AE Composite Rating that = is
provided by=20 the Investor's Business Daily and investors.com.

Please write = back if=20 you have any questions or need assistance.

Best=20 regards,
Dan
Daily Graphs Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is=20 Better


Let's see, IBD provides an Overall Rating and now = DGO=20 provides a Composite
Rating. Has anyone determined which one is=20 better?

Gene

The new SmartSelect=AE Composite Rating = in=20 Investor's Business Daily and
the Stock Checkup Overall Rating = found on=20 investors.com are based on
different formulas.

The = SmartSelect=AE=20 Composite Rating combines all 5 SmartSelect Ratings
into one = easy-to-use=20 rating.  More weight is placed on EPS and RS
Rating, and the = stock's=20 percent off its 52-week high is also included in
the = formula. =20 Results are then compared to all other companies, and = each
company is=20 assigned a rating from 1-99 with 99 being the best.  = This
rating is=20 designed to help you get a quick feel for how a = company's
SmartSelect=AE=20 Ratings compare to all other stocks in our database.  = This
is=20 intended to be an additional tool to help you find the stocks = with
the=20 highest SmartSelect=AE Ratings, quickly and easily.

The = Overall Rating=20 in the Stock Checkup is determined by a proprietary
formula = incorporating=20 all five of the Stock Checkup ratings. These are
the Technical = Rating,=20 Fundamental Rating, Attractiveness Rating, Group's
Technical = Rating and=20 Group's Fundamental Rating.  The Stock Checkup uses
over 30=20 different variables including all the SmartSelect=AE Ratings = to
calculate=20 the Overall Rating.  When using the Stock Checkup, focus = not
only on=20 the Overall Rating but all 6 of the Checkup Ratings.  Also = study
how=20 the stock compares to its group within the individual=20 Checkup
Ratings.



-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
------=_NextPart_000_0066_01C24240.8B3F0B20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: [CANSLIM] XRAY and CECO Date: 12 Aug 2002 14:54:04 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_00AF_01C24210.1A121DA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit When I brought up XRAY last week, Winston observed that the longer term pattern was more like an ascending base. To my surprize, the XRAY breakout hasn't failed yet, although it hasn't been strong either, and may be in the process of forming another handle. I came across another stock today with similar chart characteristics to XRAY - now in the handle of a Cwh formation with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for v. high institutional ownership - but the longer term pattern looks like an ascending base. The CwH pattern is not ideal with the cup too short and V-shaped, which I attribute to the market behavior in July, but perhaps its on its way to resuming the long term ascending base pattern. Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_00AF_01C24210.1A121DA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
When=20 I brought up XRAY last week, Winston observed that the longer term = pattern was=20 more like an ascending base. To my surprize, the XRAY breakout hasn't = failed=20 yet, although it hasn't been strong either, and may be in the process of = forming=20 another handle.
 
I=20 came across another stock today with similar chart characteristics to = XRAY - now=20 in the handle of a Cwh formation with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the longer term = pattern=20 looks like an ascending base.
 
The=20 CwH pattern is not ideal with the cup too short and V-shaped, which I = attribute=20 to the market behavior in July, but perhaps its on its way to resuming = the long=20 term ascending base pattern.
 
Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
------=_NextPart_000_00AF_01C24210.1A121DA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 20:02:51 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0047_01C2423B.3D5B1C00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable You know, I have a simple solution for this kind of dilemma....don't use = the numbers.=20 I know it's tempting to use a number like this, as it seems to "tell you = everything" about the stock. But I think once you summarize summary = numbers, you're asking for trouble. I rank the composite score as = "mildly useful." Here's an example. I'll select a couple of stocks that have come up for = discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and = playing dead. Doesn't sound like a score of 95/96 "tells" me everything = I need to know about the stocks. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh!=20 Same definition Same data base Same company different numbers! ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture = of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply = to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet = been reflected in our Image Maps resource. We plan on making the update = soon. TO address your question, I would like to confirm that the Composite = Rating you see on our service is the same SmartSelect=AE Composite Rating = that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also = included in the formula. Results are then compared to all other companies, and = each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks = with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a = proprietary formula incorporating all five of the Stock Checkup ratings. These = are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup = uses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus = not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0047_01C2423B.3D5B1C00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
You know, I have a simple solution for this kind of = dilemma....don't use=20 the numbers.
 
I know it's tempting to use a number like this, as it seems to = "tell you=20 everything" about the stock. But I think once you summarize summary = numbers,=20 you're asking for trouble. I rank the composite score as "mildly = useful."
 
Here's an example. I'll select a couple of stocks that have come up = for=20 discussion here in the last few months: WTW and TOL.
 
Scores?
WTW =3D 96
TOL =3D 95
 
Yet, look at the charts. WTW broke out today, TOL is rolling over = and=20 playing dead. Doesn't sound like a score of 95/96 "tells" me everything = I need=20 to know about the stocks.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 7:41=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message -----
From:=20 Bill=20 Triffet
Sent: Monday, August 12, 2002 = 6:58=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original Message = -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which One = Is=20 Better - Updated


I just had today's update figures for = DGO sent=20 to me.
The 3 columns are 8/9 DGO data
8/12 IBD readings 30 = minutes=20 ago
8/12 DGO just received today's download


Hi = Katherine, I=20 hadn't checked today and after reading your note, I
'thought' I = was in=20 error.

However, I just went and checked several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which One = Is=20 Better


Hi Gene,

There seems to be conflicting = information=20 on this...See DGO's reply to my
recent inquiry (7/31) about the = very same=20 thing:




Hi Katherine,

Thank you for your = recent=20 email to Daily Graphs Online.

I apologize, but the recent = additions=20 to our services have not yet been
reflected in our Image Maps=20 resource.  We plan on making the update soon.
TO address = your=20 question, I would like to confirm that the Composite Rating
you = see on=20 our service is the same SmartSelect=AE Composite Rating that = is
provided by=20 the Investor's Business Daily and investors.com.

Please write = back if=20 you have any questions or need assistance.

Best=20 regards,
Dan
Daily Graphs Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is=20 Better


Let's see, IBD provides an Overall Rating and now = DGO=20 provides a Composite
Rating. Has anyone determined which one is=20 better?

Gene

The new SmartSelect=AE Composite Rating = in=20 Investor's Business Daily and
the Stock Checkup Overall Rating = found on=20 investors.com are based on
different formulas.

The = SmartSelect=AE=20 Composite Rating combines all 5 SmartSelect Ratings
into one = easy-to-use=20 rating.  More weight is placed on EPS and RS
Rating, and the = stock's=20 percent off its 52-week high is also included in
the = formula. =20 Results are then compared to all other companies, and = each
company is=20 assigned a rating from 1-99 with 99 being the best.  = This
rating is=20 designed to help you get a quick feel for how a = company's
SmartSelect=AE=20 Ratings compare to all other stocks in our database.  = This
is=20 intended to be an additional tool to help you find the stocks = with
the=20 highest SmartSelect=AE Ratings, quickly and easily.

The = Overall Rating=20 in the Stock Checkup is determined by a proprietary
formula = incorporating=20 all five of the Stock Checkup ratings. These are
the Technical = Rating,=20 Fundamental Rating, Attractiveness Rating, Group's
Technical = Rating and=20 Group's Fundamental Rating.  The Stock Checkup uses
over 30=20 different variables including all the SmartSelect=AE Ratings = to
calculate=20 the Overall Rating.  When using the Stock Checkup, focus = not
only on=20 the Overall Rating but all 6 of the Checkup Ratings.  Also = study
how=20 the stock compares to its group within the individual=20 Checkup
Ratings.



-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
------=_NextPart_000_0047_01C2423B.3D5B1C00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] analysts Date: 12 Aug 2002 21:12:13 -0400 guess I am too jaded from too many years inside the securities industry, I am not even shocked by all this, I presumed all of this was still happening, just like it always has, at the major wirehouses ----- Original Message ----- Sent: Monday, August 12, 2002 4:44 PM This is incredible. I pulled up the story, and was further shocked by this revelation: In a discussion with (his boss) Mr. Kim about his progress on the report, Mr. Boss made clear his doubts on the sector. He said Mr. Kim began to fret. Mr. Boss, who sat within earshot of Mr. Kim, said his superior called the investment bankers and discussed the report, but was careful to do so on his cellphone. Mr. Boss said that Mr. Kim had told him to be careful to limit conversations with investment banking to cellphones because Mr. Spitzer's release of the now infamous Merrill Lynch e-mail messages had been so damaging to that firm. Furthermore, internal phone lines, which might be taped, were not to be used. And near the end of the article: "In an affidavit that Mr. Boss submitted to Salomon and the New York attorney general, he said investment bankers at the firm regularly told Mr. Kim of pending banking assignments and merger and acquisition activities involving companies in his sector. "In violation of the rules, Steve issued favorable research reports on the companies involved (homebuilders) after he became knowledgeable of the transactions," Mr. Boss said in his affidavit. "Mr. Boss also said in his statement that shortly after the Masco Corporation, a maker of building products, sold 22 million shares to the public in an underwriting co-managed by Salomon this spring, and after Mr. Kim had raised his estimates for the company, Mr. Kim asked Masco management to help with the installation of a new kitchen in his Westchester home. According to Mr. Boss's affidavit, Masco spent more than $10,000 sending materials and two high-level managers from Michigan to Mr. Kim's home for several days." And this is a subsidiary of Citigroup? With all that's gone on, these guys are either brain-dead, or totally brain-washed. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl Sent: Monday, August 12, 2002 12:05 PM Well, those Wall Street weasels are still weasels, even after promising reform. Here is the link, since it requires registration, some people will probably not be able to get there or wish to register, so I've excerpted a couple of passages below - http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html The two executives boasted that Salomon, Citigroup's investment bank subsidiary, had been the first to adopt reforms suggested by Eliot Spitzer, the New York attorney general, who is investigating Wall Street research. They also proposed additional moves that regulators might take to prevent a firm's investment bankers from exerting improper influence on its research analysts ..... As Mr. Boss tells the tale, in late June, after spending weeks on a report analyzing three office furniture companies, he was lukewarm about the stocks' prospects and assigned them a neutral and high-risk rating. He argued that until the overall business climate improved, demand for these companies' products would be lackluster. When two Salomon investment bankers and Mr. Boss's immediate supervisor saw the draft report, they demanded that he revise it to be more upbeat. Mr. Boss refused. A few days later, on June 27, he was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, which he refused. Beginning on June 3, for example, the firm said that any fact checking by the investment banking division of draft research reports would be limited to the first research written about an initial public offering. Moreover, the rules said that any draft research sent to investment banking for fact checking "must omit the rating and target price as well as the investment thesis and valuation analysis sections." According to Mr. Boss, two Salomon investment bankers, Richard Moriarty and Marc Schneider, flouted those rules the week of June 23, demanding to see Mr. Boss's report, which was in draft form on his laptop computer. Stephen S. Kim, the analyst covering home-building stocks at Salomon and Mr. Boss's immediate supervisor, told him to put the report on the firm's internal network so it could be reviewed by the investment bankers. Mr. Boss protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon went to the research department and reviewed the report on Mr. Boss's laptop. Two of the three office furnishings stocks that Mr. Boss had advised investors to be cautious of " Interface and Steelcase " had recently issued bonds that were underwritten by Salomon. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 20:21:29 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0418_01C2423D.D755ADF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable "I rank the composite score as "mildly useful." Katherine how's this? Ringraziamento! (thank you) BTW, you forgot to mention that 'your' WTW also made today's weblink http://www.investors.com/weblink/ Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 8:02 PM Subject: Re: [CANSLIM] Which One Is Better - Updated You know, I have a simple solution for this kind of dilemma....don't = use the numbers.=20 I know it's tempting to use a number like this, as it seems to "tell = you everything" about the stock. But I think once you summarize summary = numbers, you're asking for trouble. I rank the composite score as = "mildly useful." Here's an example. I'll select a couple of stocks that have come up = for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and = playing dead. Doesn't sound like a score of 95/96 "tells" me everything = I need to know about the stocks. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh!=20 Same definition Same data base Same company different numbers! ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture = of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, = I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's = reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet = been reflected in our Image Maps resource. We plan on making the = update soon. TO address your question, I would like to confirm that the = Composite Rating you see on our service is the same SmartSelect=AE Composite Rating = that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business = Daily and the Stock Checkup Overall Rating found on investors.com are based = on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also = included in the formula. Results are then compared to all other companies, = and each company is assigned a rating from 1-99 with 99 being the best. = This rating is designed to help you get a quick feel for how a = company's SmartSelect=AE Ratings compare to all other stocks in our = database. This is intended to be an additional tool to help you find the stocks = with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a = proprietary formula incorporating all five of the Stock Checkup ratings. These = are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock = Checkup uses over 30 different variables including all the SmartSelect=AE = Ratings to calculate the Overall Rating. When using the Stock Checkup, focus = not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0418_01C2423D.D755ADF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
"I rank the=20 composite score as "mildly useful."
 
Katherine how's this?
Ringraziamento! (thank = you)
 
BTW, you forgot to mention that 'your' = WTW also=20 made today's weblink
http://www.investors.com/webli= nk/
 
Gene
 
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 12, 2002 = 8:02=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

You know, I have a simple solution for this kind of = dilemma....don't use=20 the numbers.
 
I know it's tempting to use a number like this, as it seems to = "tell you=20 everything" about the stock. But I think once you summarize summary = numbers,=20 you're asking for trouble. I rank the composite score as "mildly=20 useful."
 
Here's an example. I'll select a couple of stocks that have come = up for=20 discussion here in the last few months: WTW and TOL.
 
Scores?
WTW =3D 96
TOL =3D 95
 
Yet, look at the charts. WTW broke out today, TOL is rolling over = and=20 playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I need=20 to know about the stocks.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 7:41=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message ----- =
From:=20 Bill=20 Triffet
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 6:58=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original = Message=20 -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated


I just had today's update figures for = DGO sent=20 to me.
The 3 columns are 8/9 DGO data
8/12 IBD readings 30 = minutes=20 ago
8/12 DGO just received today's download


Hi = Katherine, I=20 hadn't checked today and after reading your note, I
'thought' I = was in=20 error.

However, I just went and checked several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      = 72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better


Hi Gene,

There seems to be conflicting=20 information on this...See DGO's reply to my
recent inquiry = (7/31) about=20 the very same thing:




Hi Katherine,

Thank = you for=20 your recent email to Daily Graphs Online.

I apologize, but = the=20 recent additions to our services have not yet been
reflected in = our=20 Image Maps resource.  We plan on making the update = soon.
TO=20 address your question, I would like to confirm that the Composite=20 Rating
you see on our service is the same SmartSelect=AE = Composite Rating=20 that is
provided by the Investor's Business Daily and=20 investors.com.

Please write back if you have any questions = or need=20 assistance.

Best regards,
Dan
Daily Graphs = Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is = Better


Let's see, IBD provides an Overall Rating and = now DGO=20 provides a Composite
Rating. Has anyone determined which one is = better?

Gene

The new SmartSelect=AE Composite Rating = in=20 Investor's Business Daily and
the Stock Checkup Overall Rating = found on=20 investors.com are based on
different formulas.

The = SmartSelect=AE=20 Composite Rating combines all 5 SmartSelect Ratings
into one=20 easy-to-use rating.  More weight is placed on EPS and = RS
Rating,=20 and the stock's percent off its 52-week high is also included = in
the=20 formula.  Results are then compared to all other companies, = and=20 each
company is assigned a rating from 1-99 with 99 being the=20 best.  This
rating is designed to help you get a quick = feel for=20 how a company's
SmartSelect=AE Ratings compare to all other = stocks in our=20 database.  This
is intended to be an additional tool to = help you=20 find the stocks with
the highest SmartSelect=AE Ratings, = quickly and=20 easily.

The Overall Rating in the Stock Checkup is = determined by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings. These are
the Technical Rating, Fundamental Rating,=20 Attractiveness Rating, Group's
Technical Rating and Group's = Fundamental=20 Rating.  The Stock Checkup uses
over 30 different = variables=20 including all the SmartSelect=AE Ratings to
calculate the = Overall=20 Rating.  When using the Stock Checkup, focus not
only on = the=20 Overall Rating but all 6 of the Checkup Ratings.  Also = study
how=20 the stock compares to its group within the individual=20 Checkup
Ratings.



-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0418_01C2423D.D755ADF0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] NASDAQ spread sheet of company financials Date: 12 Aug 2002 21:15:41 -0400 Chazmoore, here is the answer I got back about this new source (for fee) of company financials. I haven't checked out this pilot program yet. ----- Original Message ----- Sent: Monday, August 12, 2002 4:56 PM Mr. Worley, I believe you are referring to a Pilot Program on our site which is a co-branded project involving Nasdaq, Microsoft and PriceWaterHouseCoopers. The XBRL demo is run through Microsoft Excel Investor's Assistant. http://www.nasdaq.com/xbrl/ Please read the System Requirements to determine if you are able to use this tool. Thanks for using feedback, Leon James Media Manager nasdaq.com leon.james@nasdaq.com _______________________________ Web Site: NASD First Name: Thomas Last Name: Worley Email: stkguru@bellsouth.net A member of my investment group told me the following, can you guide me to a website that would have more information? Rob Black interview of the Vice Chairman of NASDAQ today. The Chairman was explaining new financial reporting by companies due out soon via the Internet. Apparently, for a fee, you could download an Excel Spreadsheet on every reporting public company and chase down the smallest detail ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 20:25:32 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_006D_01C2423E.682A3F80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Gene, Not sure where the "'your' WTW" came from, unless you're referring to an = offhand reference I made to it in a post on consumer stocks. Thanks for the alert on the weblink--I hadn't seen it. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 8:21 PM Subject: Re: [CANSLIM] Which One Is Better - Updated "I rank the composite score as "mildly useful." Katherine how's this? Ringraziamento! (thank you) BTW, you forgot to mention that 'your' WTW also made today's weblink http://www.investors.com/weblink/ Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 8:02 PM Subject: Re: [CANSLIM] Which One Is Better - Updated You know, I have a simple solution for this kind of dilemma....don't = use the numbers.=20 I know it's tempting to use a number like this, as it seems to "tell = you everything" about the stock. But I think once you summarize summary = numbers, you're asking for trouble. I rank the composite score as = "mildly useful." Here's an example. I'll select a couple of stocks that have come up = for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over = and playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I need to know about the stocks. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh!=20 Same definition Same data base Same company different numbers! ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier = picture of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your = note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's = reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not = yet been reflected in our Image Maps resource. We plan on making the = update soon. TO address your question, I would like to confirm that the = Composite Rating you see on our service is the same SmartSelect=AE Composite = Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business = Daily and the Stock Checkup Overall Rating found on investors.com are = based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings into one easy-to-use rating. More weight is placed on EPS and = RS Rating, and the stock's percent off its 52-week high is also = included in the formula. Results are then compared to all other companies, = and each company is assigned a rating from 1-99 with 99 being the best. = This rating is designed to help you get a quick feel for how a = company's SmartSelect=AE Ratings compare to all other stocks in our = database. This is intended to be an additional tool to help you find the stocks = with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a = proprietary formula incorporating all five of the Stock Checkup ratings. = These are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock = Checkup uses over 30 different variables including all the SmartSelect=AE = Ratings to calculate the Overall Rating. When using the Stock Checkup, = focus not only on the Overall Rating but all 6 of the Checkup Ratings. = Also study how the stock compares to its group within the individual = Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_006D_01C2423E.682A3F80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Gene,
 
Not sure where the "'your' WTW" came from, unless you're referring = to an=20 offhand reference I made to it in a post on consumer stocks.
 
Thanks for the alert on the weblink--I hadn't seen it.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 8:21=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

"I rank=20 the composite score as "mildly useful."
 
Katherine how's this?
Ringraziamento! (thank = you)
 
BTW, you forgot to mention that = 'your' WTW=20 also made today's weblink
http://www.investors.com/webli= nk/
 
Gene
 
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 12, 2002 = 8:02=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

You know, I have a simple solution for this kind of = dilemma....don't=20 use the numbers.
 
I know it's tempting to use a number like this, as it seems to = "tell=20 you everything" about the stock. But I think once you summarize = summary=20 numbers, you're asking for trouble. I rank the composite score as = "mildly=20 useful."
 
Here's an example. I'll select a couple of stocks that have = come up for=20 discussion here in the last few months: WTW and TOL.
 
Scores?
WTW =3D 96
TOL =3D 95
 
Yet, look at the charts. WTW broke out today, TOL is rolling = over and=20 playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I=20 need to know about the stocks.
 
Katherine
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 7:41=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message ----- =
From:=20 Bill Triffet
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 6:58=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier picture of the
stocks.

-Bill

----- = Original=20 Message -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated


I just had today's update figures = for DGO=20 sent to me.
The 3 columns are 8/9 DGO data
8/12 IBD = readings 30=20 minutes ago
8/12 DGO just received today's = download


Hi=20 Katherine, I hadn't checked today and after reading your note,=20 I
'thought' I was in error.

However, I just went and = checked=20 several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB      =20 89     90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    = 86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     = 30      =20 25
AFCE      = 72    =20 79      =20 74
AFL        =20 92     = 95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better


Hi Gene,

There seems to be conflicting=20 information on this...See DGO's reply to my
recent inquiry = (7/31)=20 about the very same thing:




Hi = Katherine,

Thank=20 you for your recent email to Daily Graphs Online.

I = apologize,=20 but the recent additions to our services have not yet = been
reflected=20 in our Image Maps resource.  We plan on making the update=20 soon.
TO address your question, I would like to confirm that = the=20 Composite Rating
you see on our service is the same = SmartSelect=AE=20 Composite Rating that is
provided by the Investor's Business = Daily=20 and investors.com.

Please write back if you have any = questions or=20 need assistance.

Best regards,
Dan
Daily Graphs=20 Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One = Is=20 Better


Let's see, IBD provides an Overall Rating and = now DGO=20 provides a Composite
Rating. Has anyone determined which one = is=20 better?

Gene

The new SmartSelect=AE Composite = Rating in=20 Investor's Business Daily and
the Stock Checkup Overall = Rating found=20 on investors.com are based on
different formulas.

The=20 SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings
into=20 one easy-to-use rating.  More weight is placed on EPS and=20 RS
Rating, and the stock's percent off its 52-week high is = also=20 included in
the formula.  Results are then compared to = all other=20 companies, and each
company is assigned a rating from 1-99 = with 99=20 being the best.  This
rating is designed to help you get = a quick=20 feel for how a company's
SmartSelect=AE Ratings compare to = all other=20 stocks in our database.  This
is intended to be an = additional=20 tool to help you find the stocks with
the highest = SmartSelect=AE=20 Ratings, quickly and easily.

The Overall Rating in the = Stock=20 Checkup is determined by a proprietary
formula incorporating = all five=20 of the Stock Checkup ratings. These are
the Technical Rating, = Fundamental Rating, Attractiveness Rating, Group's
Technical = Rating=20 and Group's Fundamental Rating.  The Stock Checkup = uses
over 30=20 different variables including all the SmartSelect=AE Ratings=20 to
calculate the Overall Rating.  When using the Stock = Checkup,=20 focus not
only on the Overall Rating but all 6 of the Checkup = Ratings.  Also study
how the stock compares to its group = within=20 the individual Checkup
Ratings.



-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.
------=_NextPart_000_006D_01C2423E.682A3F80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] NASDAQ spread sheet of company financials Date: 12 Aug 2002 21:30:45 EDT --part1_1a6.6a4b721.2a89bb45_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom: Thanks for digging up this information. I will take a look. Charley --part1_1a6.6a4b721.2a89bb45_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom: Thanks for digging up this information. I will take a look. Charley --part1_1a6.6a4b721.2a89bb45_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] XRAY and CECO Date: 12 Aug 2002 20:52:14 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_009B_01C24242.23735170 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable HI Mike, I've noticed the term "long term ascending base" coming up in many posts = lately, so thought I'd make comment on that concept. There's actually no such thing, as "ascending base" is a very particular = kind of conolidation in the stock's move. In general, a stock will rise, = then pause (base), rise, then pause, rise, then pause, and so on. As = long as the rise between consolidations is at least 25%, the next area = of consolidation is considered a new stage base. This is also the same = reason that an LLUR is not a base....it's a stock on the rise, though = with low volatility. (Sorry, Tom, just a point on which we don't agree.) The base normally happens when the stock makes a new high, then falls = and/or refuses to continue the up move for some period of time. A flat = base for example, moves essentially sideways for at least 5 wks, the C&H = or cup without handle lasts for at least 7 wks and sports a deeper = correction as the stock retraces some of the previous move, etc. The = ascending base is just an odd consolidation in that it drifts upward, = attempting to breakout 3 times. It's a subtle pattern that's hard to = read, but shouldn't be confused with a stock that is rising *between* = consolidations.=20 I've uploaded an example on the CECO chart that shows the base, move up, = base, move up, etc. http://WallStreet-LLC.com/canslim/CECO081202.jpg Please note that I marked the chart quickly, so the circled areas for = the base are "general" and not exact for each base formation. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:54 PM Subject: [CANSLIM] XRAY and CECO When I brought up XRAY last week, Winston observed that the longer = term pattern was more like an ascending base. To my surprize, the XRAY = breakout hasn't failed yet, although it hasn't been strong either, and = may be in the process of forming another handle. I came across another stock today with similar chart characteristics = to XRAY - now in the handle of a Cwh formation with good CANSLIM = characteristics = (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO) = except for v. high institutional ownership - but the longer term pattern = looks like an ascending base. The CwH pattern is not ideal with the cup too short and V-shaped, = which I attribute to the market behavior in July, but perhaps its on its = way to resuming the long term ascending base pattern.=20 Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_009B_01C24242.23735170 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
HI Mike,
 
I've noticed the term "long term ascending base" coming up in many = posts=20 lately, so thought I'd make comment on that concept.
 
There's actually no such thing, as "ascending base" is a very = particular=20 kind of conolidation in the stock's move. In general, a stock will rise, = then=20 pause (base), rise, then pause, rise, then pause, and so on. As long as = the rise=20 between consolidations is at least 25%, the next area of consolidation = is=20 considered a new stage base. This is also the same reason that an LLUR = is not a=20 base....it's a stock on the rise, though with low volatility. (Sorry, = Tom, just=20 a point on which we don't agree.)
 
The base normally happens when the stock makes a new high, then = falls=20 and/or refuses to continue the up move for some period of = time. A=20 flat base for example, moves essentially sideways for at least 5 wks, = the=20 C&H or cup without handle lasts for at least 7 wks and sports a = deeper=20 correction as the stock retraces some of the previous move, etc. The = ascending=20 base is just an odd consolidation in that it drifts upward, attempting = to=20 breakout 3 times. It's a subtle pattern that's hard to read, but = shouldn't be=20 confused with a stock that is rising *between* consolidations.
 
I've uploaded an example on the CECO chart that shows the base, = move up,=20 base, move up, etc.
http://WallStre= et-LLC.com/canslim/CECO081202.jpg
 
Please note that I marked the chart quickly, so the circled areas = for the=20 base are "general" and not exact for each base formation.
 
Katherine
----- Original Message -----
From:=20 Mike = Gibbons=20
Sent: Monday, August 12, 2002 = 7:54=20 PM
Subject: [CANSLIM] XRAY and = CECO

When I brought up XRAY last week, Winston = observed=20 that the longer term pattern was more like an ascending base. To my = surprize,=20 the XRAY breakout hasn't failed yet, although it hasn't been strong = either,=20 and may be in the process of forming another = handle.
 
I=20 came across another stock today with similar chart characteristics to = XRAY -=20 now in the handle of a Cwh formation with good CANSLIM characteristics = (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the longer term = pattern=20 looks like an ascending base.
 
The=20 CwH pattern is not ideal with the cup too short and V-shaped, which I=20 attribute to the market behavior in July, but perhaps its on its way = to=20 resuming the long term ascending base pattern.
 
Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
------=_NextPart_000_009B_01C24242.23735170-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 12 Aug 2002 19:08:16 -0700 Katherine-I don't think I'vee seen an FAQ list. Can you send me one so I know what you are referring to?? Thanks Nancy >From: "Katherine Malm" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l >Date: Fri, 9 Aug 2002 15:26:56 -0500 > >Gene, > >Would just like to add that all of the tools you've mentioned, including >the free stockscanners at Yahoo and MSN are included in the CANSLIM list >FAQ which I post monthly. > >Katherine > ----- Original Message ----- > From: Gene Ricci > To: canslim@lists.xmission.com > Sent: Friday, August 09, 2002 12:05 PM > Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy l > > > Kris/Nancy, in answer to your questions 'how did you find these stocks?' > > I use tools to do my 'leg work'. > > I routinely RS rank the 200 industries within HGSI (see site below). > > I then look at the top 10 industries .... > > Mining-Gold-Silver number 1 (Avoid- Personal preference) > Health-HMO number 2 ... SIE came from here > Oil/Gas Cdn - number 3 (Avoid- Personal preference) > Health Hospitals number 4 > Banking - West number 5.... TRBS came from here > Banking - Southeast number 6.... HIB came from here > Banking - Northeast number 7 > Food - number 8 > Fin-Savings-Loan number 9 > Banking - Midwest number 10 > > a) look at the stocks withing these industries ranked by RS. > b) look for companies showing improving RS > c) look at charts to find a couple of candidates to do further study > > The generation of a watchlist is relatively easy if you have the tools >to do it.... and if have established the minimum requirements that the >stocks must meet in order for you look at... > > There are many programs that will aid you in producing watchlists with a >click of a button or two: > > TC2000 http://www.tc2000.com/ - 30 day free trial > HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49 > VectorVest http://www.vectorvest.com 5-week trial $9.95 > DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 > AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee > > But, I suggest that you use a great tool available at MSN Money Central >- FOR FREE!!!! > > Here's one of their pre-programmed stock searches - identifies momentum >stocks.... > take notice of the criteria.... > > > > I just ran this screen, here are the results: APOL; ANFI; IOM; XRAY, >ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past two days. > > Of course, there are other pre-programmed screens .... and you can >design your own custom screens. All at no cost. Check them out at the >following location: > > http://moneycentral.msn.com/investor/research/welcome.asp > > Now that you have done the basics on SIE, TRBS and HIB.... what will you >do next? > > regards, > Gene > _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: RE: [CANSLIM] analysts Date: 12 Aug 2002 20:10:07 -0600 Its further evidence that investing needs to be, if not a strictly do it yourself business, at least a hands on activity. You just don't know what you might be letting yourself in for if you put your money in the hands of a broker. Of course the do it yourself thing describes pretty much everyone on this list. On 12 Aug 2002 at 16:44, Duke Miller wrote: > This is incredible. > > I pulled up the story, and was further shocked by this revelation: - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 22:13:59 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_003A_01C2424D.91F961B0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit So where are we headed? You have little or no faith in the auditors. You can't believe ANY analysts ratings whatsoever. (Really, name a brokerage you think YOU can trust to provide unbiased analysis.) Now we've got "The Investor's Newspaper" (IBD) feeding us "Same definition, same data base, same company, different numbers." (What's really strange is they are CONSISTENTLY different!) And now our beloved Katherine, who's got more numbers than Carter has liver pills, cries out, "...don't use the numbers." What numbers can we use? Where the hell did I put my darts? Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 9:03 PM You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW = 96 TOL = 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine ----- Original Message ----- Sent: Monday, August 12, 2002 7:41 PM Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- Sent: Monday, August 12, 2002 6:58 PM Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- Sent: Monday, August 12, 2002 4:50 PM I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- Sent: Monday, August 12, 2002 5:47 PM Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelectR Composite Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- Sent: Monday, August 12, 2002 4:06 PM Let's see, IBD provides an Overall Rating and now DGO provides a Composite Rating. Has anyone determined which one is better? Gene The new SmartSelectR Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelectR Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelectR Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelectR Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelectR Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_003A_01C2424D.91F961B0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
So where are we = headed?
 
You have little = or no faith=20 in the auditors.
 
You can't = believe ANY=20 analysts ratings whatsoever.  (Really, name a brokerage you think = YOU can=20 trust to provide unbiased analysis.)
 
Now we've got = "The=20 Investor's Newspaper" (IBD) feeding us "Same definition, same data = base,=20 same company, different numbers."  (What's really strange is they = are=20 CONSISTENTLY different!)
 
And now our = beloved=20 Katherine, who's got more numbers than Carter has liver = pills, cries=20 out, "...don't use the numbers."  What numbers can we=20 use?
 
Where the hell = did I put my=20 darts?
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Monday, August 12, = 2002=20 9:03 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Which One Is Better - Updated

You know, I have a simple solution for this kind of = dilemma....don't use=20 the numbers.
 
I know it's tempting to use a number like this, as it seems to = "tell you=20 everything" about the stock. But I think once you summarize summary = numbers,=20 you're asking for trouble. I rank the composite score as "mildly=20 useful."
 
Here's an example. I'll select a couple of stocks that have come = up for=20 discussion here in the last few months: WTW and TOL.
 
Scores?
WTW =3D 96
TOL =3D 95
 
Yet, look at the charts. WTW broke out today, TOL is rolling over = and=20 playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I need=20 to know about the stocks.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 7:41=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message ----- =
From:=20 Bill=20 Triffet
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 6:58=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original = Message=20 -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated


I just had today's update figures for = DGO sent=20 to me.
The 3 columns are 8/9 DGO data
8/12 IBD readings 30 = minutes=20 ago
8/12 DGO just received today's download


Hi = Katherine, I=20 hadn't checked today and after reading your note, I
'thought' I = was in=20 error.

However, I just went and checked several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      = 72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better


Hi Gene,

There seems to be conflicting=20 information on this...See DGO's reply to my
recent inquiry = (7/31) about=20 the very same thing:




Hi Katherine,

Thank = you for=20 your recent email to Daily Graphs Online.

I apologize, but = the=20 recent additions to our services have not yet been
reflected in = our=20 Image Maps resource.  We plan on making the update = soon.
TO=20 address your question, I would like to confirm that the Composite=20 Rating
you see on our service is the same SmartSelect® = Composite Rating=20 that is
provided by the Investor's Business Daily and=20 investors.com.

Please write back if you have any questions = or need=20 assistance.

Best regards,
Dan
Daily Graphs = Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is = Better


Let's see, IBD provides an Overall Rating and = now DGO=20 provides a Composite
Rating. Has anyone determined which one is = better?

Gene

The new SmartSelect® Composite = Rating in=20 Investor's Business Daily and
the Stock Checkup Overall Rating = found on=20 investors.com are based on
different formulas.

The = SmartSelect®=20 Composite Rating combines all 5 SmartSelect Ratings
into one=20 easy-to-use rating.  More weight is placed on EPS and = RS
Rating,=20 and the stock's percent off its 52-week high is also included = in
the=20 formula.  Results are then compared to all other companies, = and=20 each
company is assigned a rating from 1-99 with 99 being the=20 best.  This
rating is designed to help you get a quick = feel for=20 how a company's
SmartSelect® Ratings compare to all other = stocks in our=20 database.  This
is intended to be an additional tool to = help you=20 find the stocks with
the highest SmartSelect® Ratings, = quickly and=20 easily.

The Overall Rating in the Stock Checkup is = determined by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings. These are
the Technical Rating, Fundamental Rating,=20 Attractiveness Rating, Group's
Technical Rating and Group's = Fundamental=20 Rating.  The Stock Checkup uses
over 30 different = variables=20 including all the SmartSelect® Ratings to
calculate the = Overall=20 Rating.  When using the Stock Checkup, focus not
only on = the=20 Overall Rating but all 6 of the Checkup Ratings.  Also = study
how=20 the stock compares to its group within the individual=20 Checkup
Ratings.



-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_003A_01C2424D.91F961B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] for DGO Users (was Fw: Conseco [T20020813002H]) Date: 12 Aug 2002 22:12:35 -0400 new feature at DGO I didn't know about, may be useful to others as well ----- Original Message ----- Sent: Monday, August 12, 2002 10:00 PM Hello Tom, Thank you for your recent email to Daily Graphs Online. We recently added a Price Scale-Alternate option under the Tools button. If you select this option when viewing a weekly chart, the price scale will adjust to correctly plot the whole chart. Please access and select this option and you will see that CNC will display properly. If you have any other questions or comments, feel free to email us back. Regards, Jorge Daily Graphs Online www.dailygraphs.com -----Original Message----- Sender : stkguru@bellsouth.net Tracking Number : T20020813002HZ1330131 Pool : Daily Graphs Online Sent to : "DGOnline Customer Service" Date : 8/12/02 6:26 PM --- You really need to adjust the price scale on the weekly chart of CNC, as it is now, it is pretty useless Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l Date: 12 Aug 2002 21:19:02 -0500 Hi Nancy, I'm in the process of updating a few things, so will be posting it again in a few days. If you need another copy in the meantime, just send me a note offline and I'll forward it. BTW, it's the same list I posted in July to which you responded: Sent: Wednesday, July 17, 2002 11:21 PM "Katherine, ...Thank you for the list - I seem to have deleted mine that I got when I was new. Nancy" ---- Just goes to show how easy it is for folks to overlook and the reason I mentioned it again. Katherine ----- Original Message ----- Sent: Monday, August 12, 2002 9:08 PM | Katherine-I don't think I'vee seen an FAQ list. Can you send me one so I | know what you are referring to?? Thanks Nancy | | | >From: "Katherine Malm" | >Reply-To: canslim@lists.xmission.com | >To: | >Subject: Re: [CANSLIM] Stocks for a watchlist - Kris/Nancy l | >Date: Fri, 9 Aug 2002 15:26:56 -0500 | > | >Gene, | > | >Would just like to add that all of the tools you've mentioned, including | >the free stockscanners at Yahoo and MSN are included in the CANSLIM list | >FAQ which I post monthly. | > | >Katherine | > ----- Original Message ----- | > From: Gene Ricci | > To: canslim@lists.xmission.com | > Sent: Friday, August 09, 2002 12:05 PM | > Subject: [CANSLIM] Stocks for a watchlist - Kris/Nancy l | > | > | > Kris/Nancy, in answer to your questions 'how did you find these stocks?' | > | > I use tools to do my 'leg work'. | > | > I routinely RS rank the 200 industries within HGSI (see site below). | > | > I then look at the top 10 industries .... | > | > Mining-Gold-Silver number 1 (Avoid- Personal preference) | > Health-HMO number 2 ... SIE came from here | > Oil/Gas Cdn - number 3 (Avoid- Personal preference) | > Health Hospitals number 4 | > Banking - West number 5.... TRBS came from here | > Banking - Southeast number 6.... HIB came from here | > Banking - Northeast number 7 | > Food - number 8 | > Fin-Savings-Loan number 9 | > Banking - Midwest number 10 | > | > a) look at the stocks withing these industries ranked by RS. | > b) look for companies showing improving RS | > c) look at charts to find a couple of candidates to do further study | > | > The generation of a watchlist is relatively easy if you have the tools | >to do it.... and if have established the minimum requirements that the | >stocks must meet in order for you look at... | > | > There are many programs that will aid you in producing watchlists with a | >click of a button or two: | > | > TC2000 http://www.tc2000.com/ - 30 day free trial | > HGSI http://www.highgrowthstock.com/ - 60 day paid trial $49 | > VectorVest http://www.vectorvest.com 5-week trial $9.95 | > DailyGraphs Online http://www.dailygraphs.com - 7 day trial $19.95 | > AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee | > | > But, I suggest that you use a great tool available at MSN Money Central | >- FOR FREE!!!! | > | > Here's one of their pre-programmed stock searches - identifies momentum | >stocks.... | > take notice of the criteria.... | > | > | > | > I just ran this screen, here are the results: APOL; ANFI; IOM; XRAY, | >ENR; JCOM; CMSB. We've had a lot of posts covering XRAY the past two days. | > | > Of course, there are other pre-programmed screens .... and you can | >design your own custom screens. All at no cost. Check them out at the | >following location: | > | > http://moneycentral.msn.com/investor/research/welcome.asp | > | > Now that you have done the basics on SIE, TRBS and HIB.... what will you | >do next? | > | > regards, | > Gene | > | | _________________________________________________________________ | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] XRAY and CECO Date: 12 Aug 2002 20:21:39 -0600 I hope DG doesn't send its goons after you.... On 12 Aug 2002 at 20:52, Katherine Malm wrote: > I've uploaded an example on the CECO chart that shows the base, move up, - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 22:25:05 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00FA_01C2424F.1BBEE4A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke, guess it comes from playing with the small caps, where few = analysts bother (or are scared) to tread. So I am used to making up my = own mind about company forecasts. Where an analyst's forecast is = available, I always weigh it with my own judgment to see if it makes = logical sense, and appears doable based on what the company has recently = been doing.=20 Likewise, very few companies that interest me use big 5 (now 4) auditing = firms, so I have been less impacted by the loss of credibility in = auditors. Still, I think most are honest, just dealing with rules that = both shift with time, and are subject to interpretation. I think = Andersen was (is) a poor example in that they were far more susceptible = to pressure from companies they both audited, and advised. When my wife went through college, I was very capable and able to tutor = her in all her math courses. But when it came to her accounting classes, = I was hopeless, and finally concluded that the only way I could = understand accounting was to read it upside down and in a mirror. ----- Original Message -----=20 Sent: Monday, August 12, 2002 10:13 PM So where are we headed? You have little or no faith in the auditors. You can't believe ANY analysts ratings whatsoever. (Really, name a = brokerage you think YOU can trust to provide unbiased analysis.) Now we've got "The Investor's Newspaper" (IBD) feeding us "Same = definition, same data base, same company, different numbers." (What's = really strange is they are CONSISTENTLY different!) And now our beloved Katherine, who's got more numbers than Carter has = liver pills, cries out, "...don't use the numbers." What numbers can we = use? Where the hell did I put my darts? Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 9:03 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Which One Is Better - Updated You know, I have a simple solution for this kind of dilemma....don't = use the numbers.=20 I know it's tempting to use a number like this, as it seems to "tell = you everything" about the stock. But I think once you summarize summary = numbers, you're asking for trouble. I rank the composite score as = "mildly useful." Here's an example. I'll select a couple of stocks that have come up = for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and = playing dead. Doesn't sound like a score of 95/96 "tells" me everything = I need to know about the stocks. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh!=20 Same definition Same data base Same company different numbers! ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture = of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, = I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's = reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet = been reflected in our Image Maps resource. We plan on making the = update soon. TO address your question, I would like to confirm that the = Composite Rating you see on our service is the same SmartSelect=AE Composite Rating = that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business = Daily and the Stock Checkup Overall Rating found on investors.com are based = on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also = included in the formula. Results are then compared to all other companies, = and each company is assigned a rating from 1-99 with 99 being the best. = This rating is designed to help you get a quick feel for how a = company's SmartSelect=AE Ratings compare to all other stocks in our = database. This is intended to be an additional tool to help you find the stocks = with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a = proprietary formula incorporating all five of the Stock Checkup ratings. These = are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock = Checkup uses over 30 different variables including all the SmartSelect=AE = Ratings to calculate the Overall Rating. When using the Stock Checkup, focus = not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00FA_01C2424F.1BBEE4A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Duke, guess it comes from playing with the small = caps,=20 where few analysts bother (or are scared) to tread. So I am used to = making up my=20 own mind about company forecasts. Where an analyst's forecast is = available, I=20 always weigh it with my own judgment to see if it makes logical sense, = and=20 appears doable based on what the company has recently been doing. =
 
Likewise, very few companies that interest me = use big 5=20 (now 4) auditing firms, so I have been less impacted by the loss of = credibility=20 in auditors. Still, I think most are honest, just dealing with rules = that both=20 shift with time, and are subject to interpretation.  I think = Andersen was=20 (is) a poor example in that they were far more susceptible to pressure = from=20 companies they both audited, and advised.
 
When my wife went through college, I was very = capable=20 and able to tutor her in all her math courses. But when it came to = her=20 accounting classes, I was hopeless, and finally concluded that the only = way I=20 could understand accounting was to read it upside down and in a=20 mirror.
 
----- Original Message -----=20
From: Duke=20 Miller
Sent: Monday, August 12, 2002 10:13 PM
Subject: RE: [CANSLIM] Which One Is Better - = Updated

So where are we = headed?
 
You have little = or no faith=20 in the auditors.
 
You can't = believe ANY=20 analysts ratings whatsoever.  (Really, name a brokerage you think = YOU can=20 trust to provide unbiased analysis.)
 
Now we've got = "The=20 Investor's Newspaper" (IBD) feeding us "Same definition, same data = base,=20 same company, different numbers."  (What's really strange is they = are=20 CONSISTENTLY different!)
 
And now our = beloved=20 Katherine, who's got more numbers than Carter has liver = pills, cries=20 out, "...don't use the numbers."  What numbers can we=20 use?
 
Where the hell = did I put my=20 darts?
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Monday, August 12, = 2002=20 9:03 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Which One Is Better - Updated

You know, I have a simple solution for this kind of = dilemma....don't use=20 the numbers.
 
I know it's tempting to use a number like this, as it seems to = "tell you=20 everything" about the stock. But I think once you summarize summary = numbers,=20 you're asking for trouble. I rank the composite score as "mildly=20 useful."
 
Here's an example. I'll select a couple of stocks that have come = up for=20 discussion here in the last few months: WTW and TOL.
 
Scores?
WTW =3D 96
TOL =3D 95
 
Yet, look at the charts. WTW broke out today, TOL is rolling over = and=20 playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I need=20 to know about the stocks.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 12, 2002 = 7:41=20 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message ----- =
From:=20 Bill=20 Triffet
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 6:58=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original = Message=20 -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated


I just had today's update figures for = DGO sent=20 to me.
The 3 columns are 8/9 DGO data
8/12 IBD readings 30 = minutes=20 ago
8/12 DGO just received today's download


Hi = Katherine, I=20 hadn't checked today and after reading your note, I
'thought' I = was in=20 error.

However, I just went and checked several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      = 72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better


Hi Gene,

There seems to be conflicting=20 information on this...See DGO's reply to my
recent inquiry = (7/31) about=20 the very same thing:




Hi Katherine,

Thank = you for=20 your recent email to Daily Graphs Online.

I apologize, but = the=20 recent additions to our services have not yet been
reflected in = our=20 Image Maps resource.  We plan on making the update = soon.
TO=20 address your question, I would like to confirm that the Composite=20 Rating
you see on our service is the same SmartSelect=AE = Composite Rating=20 that is
provided by the Investor's Business Daily and=20 investors.com.

Please write back if you have any questions = or need=20 assistance.

Best regards,
Dan
Daily Graphs = Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is = Better


Let's see, IBD provides an Overall Rating and = now DGO=20 provides a Composite
Rating. Has anyone determined which one is = better?

Gene

The new SmartSelect=AE Composite Rating = in=20 Investor's Business Daily and
the Stock Checkup Overall Rating = found on=20 investors.com are based on
different formulas.

The = SmartSelect=AE=20 Composite Rating combines all 5 SmartSelect Ratings
into one=20 easy-to-use rating.  More weight is placed on EPS and = RS
Rating,=20 and the stock's percent off its 52-week high is also included = in
the=20 formula.  Results are then compared to all other companies, = and=20 each
company is assigned a rating from 1-99 with 99 being the=20 best.  This
rating is designed to help you get a quick = feel for=20 how a company's
SmartSelect=AE Ratings compare to all other = stocks in our=20 database.  This
is intended to be an additional tool to = help you=20 find the stocks with
the highest SmartSelect=AE Ratings, = quickly and=20 easily.

The Overall Rating in the Stock Checkup is = determined by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings. These are
the Technical Rating, Fundamental Rating,=20 Attractiveness Rating, Group's
Technical Rating and Group's = Fundamental=20 Rating.  The Stock Checkup uses
over 30 different = variables=20 including all the SmartSelect=AE Ratings to
calculate the = Overall=20 Rating.  When using the Stock Checkup, focus not
only on = the=20 Overall Rating but all 6 of the Checkup Ratings.  Also = study
how=20 the stock compares to its group within the individual=20 Checkup
Ratings.



-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_00FA_01C2424F.1BBEE4A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] analysts Date: 12 Aug 2002 20:34:36 -0600 Don't forget those "enablers" at the brokerages who were keeping buy ratings on stocks in trouble while the insiders were bailing out. I think there were still a few buy ratings on Enron just a few weeks before it went broke. On 12 Aug 2002 at 17:28, Winston Little wrote: > My understanding is that "USA bank robbers" netted a total of $211 million > in the past ten years. Most people will tell you .. bank robbers should be > put away for life. Compare that ten year total with the amount from EACH of > Enron, Tyco, K-Mart, Global Crossing ...and the list goes on. At each one > (except TYC) whole families supported by the thousands of employees were > ruined. Yet what will each of the people fron Enron etc. face ...if > anything? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 21:49:45 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0028_01C2424A.2C217B00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit MessageAny ranking number whether it be IBD's, or someone else's, should only be used to filter the universe to a more manageable set. Each individual investor will have a different set of parameters on which to make the first, second, third, etc., cut of that universe. At some point, the individual investor must still take the time to look at all the factors affecting the investment decision of their own money. Just because a stock has a composite score of 90 or higher does not necessarily mean that it should be purchased and/or sold short. In the final analysis, it must be your own judgment and if you use a crutch, you deserve the problems. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Monday, August 12, 2002 9:25 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Which One Is Better - Updated Duke, guess it comes from playing with the small caps, where few analysts bother (or are scared) to tread. So I am used to making up my own mind about company forecasts. Where an analyst's forecast is available, I always weigh it with my own judgment to see if it makes logical sense, and appears doable based on what the company has recently been doing. Likewise, very few companies that interest me use big 5 (now 4) auditing firms, so I have been less impacted by the loss of credibility in auditors. Still, I think most are honest, just dealing with rules that both shift with time, and are subject to interpretation. I think Andersen was (is) a poor example in that they were far more susceptible to pressure from companies they both audited, and advised. When my wife went through college, I was very capable and able to tutor her in all her math courses. But when it came to her accounting classes, I was hopeless, and finally concluded that the only way I could understand accounting was to read it upside down and in a mirror. ----- Original Message ----- From: Duke Miller To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 10:13 PM Subject: RE: [CANSLIM] Which One Is Better - Updated So where are we headed? You have little or no faith in the auditors. You can't believe ANY analysts ratings whatsoever. (Really, name a brokerage you think YOU can trust to provide unbiased analysis.) Now we've got "The Investor's Newspaper" (IBD) feeding us "Same definition, same data base, same company, different numbers." (What's really strange is they are CONSISTENTLY different!) And now our beloved Katherine, who's got more numbers than Carter has liver pills, cries out, "...don't use the numbers." What numbers can we use? Where the hell did I put my darts? Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 9:03 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Which One Is Better - Updated You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW = 96 TOL = 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect® Composite Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect® Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect® Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect® Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect® Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0028_01C2424A.2C217B00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Any=20 ranking number whether it be IBD's, or someone else's, should only be = used to=20 filter the universe to a more manageable set.
 
Each=20 individual investor will have a different set of parameters on which to = make the=20 first, second, third, etc., cut of that universe.
 
At=20 some point, the individual investor must still take the time to look at = all the=20 factors affecting the investment decision of their own=20 money.
 
Just=20 because a stock has a composite score of 90 or higher does not = necessarily mean=20 that it should be purchased and/or sold short.
 
In the=20 final analysis, it must be your own judgment and if you use a crutch, = you=20 deserve the problems.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Monday, August 12, 2002 9:25 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Which One = Is=20 Better - Updated

Duke, guess it comes from playing with the = small caps,=20 where few analysts bother (or are scared) to tread. So I am used to = making up=20 my own mind about company forecasts. Where an analyst's forecast is = available,=20 I always weigh it with my own judgment to see if it makes logical = sense, and=20 appears doable based on what the company has recently been doing.=20
 
Likewise, very few companies that interest me = use big 5=20 (now 4) auditing firms, so I have been less impacted by the loss of=20 credibility in auditors. Still, I think most are honest, just dealing = with=20 rules that both shift with time, and are subject to = interpretation.  I=20 think Andersen was (is) a poor example in that they were far more = susceptible=20 to pressure from companies they both audited, and = advised.
 
When my wife went through college, I was very = capable=20 and able to tutor her in all her math courses. But when it came = to her=20 accounting classes, I was hopeless, and finally concluded that the = only way I=20 could understand accounting was to read it upside down and in a=20 mirror.
 
----- Original Message -----=20
From: Duke=20 Miller
Sent: Monday, August 12, 2002 10:13 PM
Subject: RE: [CANSLIM] Which One Is Better - = Updated

So where are = we=20 headed?
 
You have = little or no=20 faith in the auditors.
 
You can't = believe ANY=20 analysts ratings whatsoever.  (Really, name a brokerage you think = YOU can=20 trust to provide unbiased analysis.)
 
Now we've got = "The=20 Investor's Newspaper" (IBD) feeding us "Same definition, same = data base,=20 same company, different numbers."  (What's really strange is they = are=20 CONSISTENTLY different!)
 
And now our = beloved=20 Katherine, who's got more numbers than Carter has liver = pills, cries=20 out, "...don't use the numbers."  What numbers can we=20 use?
 
Where the = hell did I put=20 my darts?
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Monday, August = 12, 2002=20 9:03 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Which One Is Better - Updated

You know, I have a simple solution for this kind of = dilemma....don't=20 use the numbers.
 
I know it's tempting to use a number like this, as it seems to = "tell=20 you everything" about the stock. But I think once you summarize = summary=20 numbers, you're asking for trouble. I rank the composite score as = "mildly=20 useful."
 
Here's an example. I'll select a couple of stocks that have = come up for=20 discussion here in the last few months: WTW and TOL.
 
Scores?
WTW =3D 96
TOL =3D 95
 
Yet, look at the charts. WTW broke out today, TOL is rolling = over and=20 playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I=20 need to know about the stocks.
 
Katherine
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 7:41=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message ----- =
From:=20 Bill Triffet
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 6:58=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Either way, it appears that the IBD data paints a = prettier picture of the
stocks.

-Bill

----- = Original=20 Message -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated


I just had today's update figures = for DGO=20 sent to me.
The 3 columns are 8/9 DGO data
8/12 IBD = readings 30=20 minutes ago
8/12 DGO just received today's = download


Hi=20 Katherine, I hadn't checked today and after reading your note,=20 I
'thought' I was in error.

However, I just went and = checked=20 several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB      =20 89     90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    = 86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     = 30      =20 25
AFCE      = 72    =20 79      =20 74
AFL        =20 92     = 95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which = One Is=20 Better


Hi Gene,

There seems to be conflicting=20 information on this...See DGO's reply to my
recent inquiry = (7/31)=20 about the very same thing:




Hi = Katherine,

Thank=20 you for your recent email to Daily Graphs Online.

I = apologize,=20 but the recent additions to our services have not yet = been
reflected=20 in our Image Maps resource.  We plan on making the update=20 soon.
TO address your question, I would like to confirm that = the=20 Composite Rating
you see on our service is the same = SmartSelect=AE=20 Composite Rating that is
provided by the Investor's Business = Daily=20 and investors.com.

Please write back if you have any = questions or=20 need assistance.

Best regards,
Dan
Daily Graphs=20 Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One = Is=20 Better


Let's see, IBD provides an Overall Rating and = now DGO=20 provides a Composite
Rating. Has anyone determined which one = is=20 better?

Gene

The new SmartSelect=AE Composite = Rating in=20 Investor's Business Daily and
the Stock Checkup Overall = Rating found=20 on investors.com are based on
different formulas.

The=20 SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings
into=20 one easy-to-use rating.  More weight is placed on EPS and=20 RS
Rating, and the stock's percent off its 52-week high is = also=20 included in
the formula.  Results are then compared to = all other=20 companies, and each
company is assigned a rating from 1-99 = with 99=20 being the best.  This
rating is designed to help you get = a quick=20 feel for how a company's
SmartSelect=AE Ratings compare to = all other=20 stocks in our database.  This
is intended to be an = additional=20 tool to help you find the stocks with
the highest = SmartSelect=AE=20 Ratings, quickly and easily.

The Overall Rating in the = Stock=20 Checkup is determined by a proprietary
formula incorporating = all five=20 of the Stock Checkup ratings. These are
the Technical Rating, = Fundamental Rating, Attractiveness Rating, Group's
Technical = Rating=20 and Group's Fundamental Rating.  The Stock Checkup = uses
over 30=20 different variables including all the SmartSelect=AE Ratings=20 to
calculate the Overall Rating.  When using the Stock = Checkup,=20 focus not
only on the Overall Rating but all 6 of the Checkup = Ratings.  Also study
how the stock compares to its group = within=20 the individual Checkup
Ratings.



-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.
------=_NextPart_000_0028_01C2424A.2C217B00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] analysts Date: 12 Aug 2002 22:53:59 -0400 Patrick, I agree, but for me that is just "noise". Out of curiosity, I took a look at the charts this morning of both US Airways and Conseco, both in the news before the open for different, but horribly negative, reasons. It took only a glance for me to know I never would have been in these stocks anytime in the past months, if not a year or more. So the reasons for the price declines now being revealed are moot, the chart tells me there was something wrong a long time ago, and the insiders (and those close to the insiders trading on their hints, tips, or whatever) only served to emphasize what the chart was already saying. Enron, Worldcom, Global Crossing (sold this morning for a qtr of a billion, only a third of what the same buyers offered only a few months ago), Qwest, etc. Their charts all tell the same story, get out of Dodge, NOW!!! ----- Original Message ----- Sent: Monday, August 12, 2002 10:34 PM Don't forget those "enablers" at the brokerages who were keeping buy ratings on stocks in trouble while the insiders were bailing out. I think there were still a few buy ratings on Enron just a few weeks before it went broke. On 12 Aug 2002 at 17:28, Winston Little wrote: > My understanding is that "USA bank robbers" netted a total of $211 million > in the past ten years. Most people will tell you .. bank robbers should be > put away for life. Compare that ten year total with the amount from EACH of > Enron, Tyco, K-Mart, Global Crossing ...and the list goes on. At each one > (except TYC) whole families supported by the thousands of employees were > ruined. Yet what will each of the people fron Enron etc. face ...if > anything? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 12 Aug 2002 22:01:57 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0117_01C2424B.E086DB70 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0118_01C2424B.E086DB70" ------=_NextPart_001_0118_01C2424B.E086DB70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageGreat points, Fred. From "Ask IBD" (highlighting is mine) Question=20 Can the SmartSelect=AE Composite Rating be used to screen stocks = that are candidates to be bought instead of looking at each of other = five ratings individually?=20 =20 Answer=20 Yes, the SmartSelect=AE Composite Rating can be used as a filter = to identify stocks for potential purchase. In fact, this rating was = designed as a quick and easy way for IBD subscribers to compose a list = of potential buy candidates. Focusing on those stocks with a Composite = Rating of 90 or higher will yield a large number of stocks for further = research. But remember, checking a stock's SmartSelect=AE Ratings is = just the first step of your research.=20 Once you've identified a list of potential stocks, you should = always analyze the stocks' daily and weekly charts. IBD subscribers can = view stock charts on investors.com. Only buy stocks that are emerging = from sound base structures, and are not too far extended from the pivot = point. It's also important to really understand a company's = fundamentals, including its sales and earnings, return on equity, profit = margins, products, etc. Much of this information can be researched at a = company's Web site and SEC filings.=20 --Katherine=20 ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 9:49 PM Subject: RE: [CANSLIM] Which One Is Better - Updated Any ranking number whether it be IBD's, or someone else's, should only = be used to filter the universe to a more manageable set. Each individual investor will have a different set of parameters on = which to make the first, second, third, etc., cut of that universe. At some point, the individual investor must still take the time to = look at all the factors affecting the investment decision of their own = money. Just because a stock has a composite score of 90 or higher does not = necessarily mean that it should be purchased and/or sold short. In the final analysis, it must be your own judgment and if you use a = crutch, you deserve the problems. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Monday, August 12, 2002 9:25 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Which One Is Better - Updated Duke, guess it comes from playing with the small caps, where few = analysts bother (or are scared) to tread. So I am used to making up my = own mind about company forecasts. Where an analyst's forecast is = available, I always weigh it with my own judgment to see if it makes = logical sense, and appears doable based on what the company has recently = been doing.=20 Likewise, very few companies that interest me use big 5 (now 4) = auditing firms, so I have been less impacted by the loss of credibility = in auditors. Still, I think most are honest, just dealing with rules = that both shift with time, and are subject to interpretation. I think = Andersen was (is) a poor example in that they were far more susceptible = to pressure from companies they both audited, and advised. When my wife went through college, I was very capable and able to = tutor her in all her math courses. But when it came to her accounting = classes, I was hopeless, and finally concluded that the only way I could = understand accounting was to read it upside down and in a mirror. ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 10:13 PM Subject: RE: [CANSLIM] Which One Is Better - Updated So where are we headed? You have little or no faith in the auditors. You can't believe ANY analysts ratings whatsoever. (Really, name a = brokerage you think YOU can trust to provide unbiased analysis.) Now we've got "The Investor's Newspaper" (IBD) feeding us "Same = definition, same data base, same company, different numbers." (What's = really strange is they are CONSISTENTLY different!) And now our beloved Katherine, who's got more numbers than Carter = has liver pills, cries out, "...don't use the numbers." What numbers = can we use? Where the hell did I put my darts? Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 9:03 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Which One Is Better - Updated You know, I have a simple solution for this kind of = dilemma....don't use the numbers.=20 I know it's tempting to use a number like this, as it seems to = "tell you everything" about the stock. But I think once you summarize = summary numbers, you're asking for trouble. I rank the composite score = as "mildly useful." Here's an example. I'll select a couple of stocks that have come = up for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over = and playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I need to know about the stocks. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh!=20 Same definition Same data base Same company different numbers! ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier = picture of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your = note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's = reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not = yet been reflected in our Image Maps resource. We plan on making the = update soon. TO address your question, I would like to confirm that the = Composite Rating you see on our service is the same SmartSelect=AE Composite = Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need = assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides = a Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business = Daily and the Stock Checkup Overall Rating found on investors.com are = based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings into one easy-to-use rating. More weight is placed on EPS and = RS Rating, and the stock's percent off its 52-week high is also = included in the formula. Results are then compared to all other = companies, and each company is assigned a rating from 1-99 with 99 being the best. = This rating is designed to help you get a quick feel for how a = company's SmartSelect=AE Ratings compare to all other stocks in our = database. This is intended to be an additional tool to help you find the = stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a = proprietary formula incorporating all five of the Stock Checkup ratings. = These are the Technical Rating, Fundamental Rating, Attractiveness = Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock = Checkup uses over 30 different variables including all the SmartSelect=AE = Ratings to calculate the Overall Rating. When using the Stock Checkup, = focus not only on the Overall Rating but all 6 of the Checkup Ratings. = Also study how the stock compares to its group within the individual = Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0118_01C2424B.E086DB70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Great points, Fred.
 
From "Ask IBD" (highlighting is mine)
 
Question
  Can the SmartSelect=AE Composite Rating be used = to screen=20 stocks that are candidates to be bought instead of looking at each = of=20 other five ratings individually?
3D""=20
  Answer
 
Yes, the SmartSelect=AE Composite Rating can be used as a = filter to=20 identify stocks for potential purchase. In fact, this rating was = designed=20 as a quick and easy way for IBD subscribers to compose a list of = potential=20 buy candidates. Focusing on those stocks with a Composite Rating = of 90 or=20 higher will yield a large number of stocks for further research. = But remember, checking a stock's = SmartSelect=AE Ratings is=20 just the first step of your research.

Once = you've=20 identified a list of potential stocks, you should always analyze = the=20 stocks' daily and weekly charts. IBD subscribers can view stock = charts on=20 investors.com. Only buy stocks that are emerging from sound base=20 structures, and are not too far extended from the pivot point. = It's also important to really understand a = company's=20 fundamentals, including its sales and earnings, return on equity, = profit=20 margins, products, etc. Much of this information can be researched = at a=20 company's Web site and SEC filings.
--Katherine
----- Original Message -----
From:=20 Fred = Richards
Sent: Monday, August 12, 2002 = 9:49=20 PM
Subject: RE: [CANSLIM] Which = One Is=20 Better - Updated

Any=20 ranking number whether it be IBD's, or someone else's, should only be = used to=20 filter the universe to a more manageable set.
 
Each=20 individual investor will have a different set of parameters on which = to make=20 the first, second, third, etc., cut of that = universe.
 
At=20 some point, the individual investor must still take the time to look = at all=20 the factors affecting the investment decision of their own=20 money.
 
Just=20 because a stock has a composite score of 90 or higher does not = necessarily=20 mean that it should be purchased and/or sold = short.
 
In=20 the final analysis, it must be your own judgment and if you use a = crutch, you=20 deserve the problems.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Monday, August 12, 2002 9:25 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Which = One Is=20 Better - Updated

Duke, guess it comes from playing with the = small caps,=20 where few analysts bother (or are scared) to tread. So I am used to = making=20 up my own mind about company forecasts. Where an analyst's forecast = is=20 available, I always weigh it with my own judgment to see if it makes = logical=20 sense, and appears doable based on what the company has recently = been doing.=20
 
Likewise, very few companies that interest = me use big=20 5 (now 4) auditing firms, so I have been less impacted by the loss = of=20 credibility in auditors. Still, I think most are honest, just = dealing with=20 rules that both shift with time, and are subject to = interpretation.  I=20 think Andersen was (is) a poor example in that they were far more=20 susceptible to pressure from companies they both audited, and=20 advised.
 
When my wife went through college, I was = very capable=20 and able to tutor her in all her math courses. But when it came = to her=20 accounting classes, I was hopeless, and finally concluded that the = only way=20 I could understand accounting was to read it upside down and in a=20 mirror.
 
----- Original Message -----=20
From: = Duke=20 Miller
Sent: Monday, August 12, 2002 10:13 PM
Subject: RE: [CANSLIM] Which One Is Better - = Updated

So where = are we=20 headed?
 
You have = little or no=20 faith in the auditors.
 
You can't = believe ANY=20 analysts ratings whatsoever.  (Really, name a brokerage you = think YOU=20 can trust to provide unbiased analysis.)
 
Now we've = got "The=20 Investor's Newspaper" (IBD) feeding us "Same definition, same = data=20 base, same company, different numbers."  (What's really strange = is they=20 are CONSISTENTLY different!)
 
And now our = beloved=20 Katherine, who's got more numbers than Carter has liver=20 pills, cries out, "...don't use the numbers."  What = numbers can we=20 use?
 
Where the = hell did I=20 put my darts?
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Monday, August = 12, 2002=20 9:03 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Which One Is Better - Updated

You know, I have a simple solution for this kind of = dilemma....don't=20 use the numbers.
 
I know it's tempting to use a number like this, as it seems = to "tell=20 you everything" about the stock. But I think once you summarize = summary=20 numbers, you're asking for trouble. I rank the composite score as = "mildly=20 useful."
 
Here's an example. I'll select a couple of stocks that have = come up=20 for discussion here in the last few months: WTW and TOL.
 
Scores?
WTW =3D 96
TOL =3D 95
 
Yet, look at the charts. WTW broke out today, TOL is rolling = over and=20 playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I=20 need to know about the stocks.
 
Katherine
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 7:41=20 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated

Arghhh!
Same definition
Same data base
Same company
different = numbers!
----- Original Message ----- =
From:=20 Bill Triffet
To: canslim@lists.xmission.com= =20
Sent: Monday, August = 12, 2002=20 6:58 PM
Subject: Re: [CANSLIM] = Which One=20 Is Better - Updated

Either way, it appears that the IBD data paints = a=20 prettier picture of the
stocks.

-Bill

----- = Original=20 Message -----
From: "Gene Ricci" <genr@swbell.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better - Updated


I just had today's update figures = for DGO=20 sent to me.
The 3 columns are 8/9 DGO data
8/12 IBD = readings 30=20 minutes ago
8/12 DGO just received today's = download


Hi=20 Katherine, I hadn't checked today and after reading your note, = I
'thought' I was in error.

However, I just went and = checked=20 several=20 = stocks:
          &n= bsp;   =20 8/9  8/12 =20 = 8/12
           = ;    =20 DGO  IBD  DGO
AAON    =20 85     86     =20 = 83
AIR         =20 38     55     =20 32
ABCB      =20 89     90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    = 86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     = 30      =20 25
AFCE      = 72    =20 79      =20 74
AFL        =20 92     = 95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message=20 -----
From: Katherine Malm
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] = Which One Is=20 Better


Hi Gene,

There seems to be = conflicting=20 information on this...See DGO's reply to my
recent inquiry = (7/31)=20 about the very same thing:




Hi=20 Katherine,

Thank you for your recent email to Daily = Graphs=20 Online.

I apologize, but the recent additions to our = services=20 have not yet been
reflected in our Image Maps = resource.  We=20 plan on making the update soon.
TO address your question, I = would=20 like to confirm that the Composite Rating
you see on our = service is=20 the same SmartSelect=AE Composite Rating that is
provided = by the=20 Investor's Business Daily and investors.com.

Please = write back=20 if you have any questions or need assistance.

Best=20 regards,
Dan
Daily Graphs Online
www.dailygraphs.com

----- = Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com=
Sent:=20 Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which = One Is=20 Better


Let's see, IBD provides an Overall Rating = and now=20 DGO provides a Composite
Rating. Has anyone determined = which one is=20 better?

Gene

The new SmartSelect=AE Composite = Rating in=20 Investor's Business Daily and
the Stock Checkup Overall = Rating=20 found on investors.com are based on
different = formulas.

The=20 SmartSelect=AE Composite Rating combines all 5 SmartSelect=20 Ratings
into one easy-to-use rating.  More weight is = placed on=20 EPS and RS
Rating, and the stock's percent off its 52-week = high is=20 also included in
the formula.  Results are then = compared to=20 all other companies, and each
company is assigned a rating = from=20 1-99 with 99 being the best.  This
rating is designed = to help=20 you get a quick feel for how a company's
SmartSelect=AE = Ratings=20 compare to all other stocks in our database.  This
is = intended=20 to be an additional tool to help you find the stocks = with
the=20 highest SmartSelect=AE Ratings, quickly and easily.

The = Overall=20 Rating in the Stock Checkup is determined by a = proprietary
formula=20 incorporating all five of the Stock Checkup ratings. These = are
the=20 Technical Rating, Fundamental Rating, Attractiveness Rating,=20 Group's
Technical Rating and Group's Fundamental = Rating.  The=20 Stock Checkup uses
over 30 different variables including = all the=20 SmartSelect=AE Ratings to
calculate the Overall = Rating.  When=20 using the Stock Checkup, focus not
only on the Overall = Rating but=20 all 6 of the Checkup Ratings.  Also study
how the = stock=20 compares to its group within the individual=20 Checkup
Ratings.



-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.
------=_NextPart_001_0118_01C2424B.E086DB70-- ------=_NextPart_000_0117_01C2424B.E086DB70 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0117_01C2424B.E086DB70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] XRAY and CECO Date: 12 Aug 2002 17:20:44 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_001E_01C24224.9713AC60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Katherine, I just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 the topic "Ascending Base". The definition is somewhat similar to what you describe:- "Ascending Bases, like flat bases, occur midway along a move up after a stock has broken out of a cup-with-handle or double-bottom base. It has three pullbacks from 10% to 20% with each low point during the sell-of in price being higher than the preceding, which is why I call it and ascending base. Each of the pullbacks usually ocurs due to the general market declining at that time." Looking at your annotated chart, it would seem CECO fits this definition. It would also seem that the most recent pullback coincided with the July selloff in the markets in agreement with the definition. Maybe CECO is one to watch. Any other views? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 3:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I've noticed the term "long term ascending base" coming up in many posts lately, so thought I'd make comment on that concept. There's actually no such thing, as "ascending base" is a very particular kind of conolidation in the stock's move. In general, a stock will rise, then pause (base), rise, then pause, rise, then pause, and so on. As long as the rise between consolidations is at least 25%, the next area of consolidation is considered a new stage base. This is also the same reason that an LLUR is not a base....it's a stock on the rise, though with low volatility. (Sorry, Tom, just a point on which we don't agree.) The base normally happens when the stock makes a new high, then falls and/or refuses to continue the up move for some period of time. A flat base for example, moves essentially sideways for at least 5 wks, the C&H or cup without handle lasts for at least 7 wks and sports a deeper correction as the stock retraces some of the previous move, etc. The ascending base is just an odd consolidation in that it drifts upward, attempting to breakout 3 times. It's a subtle pattern that's hard to read, but shouldn't be confused with a stock that is rising *between* consolidations. I've uploaded an example on the CECO chart that shows the base, move up, base, move up, etc. http://WallStreet-LLC.com/canslim/CECO081202.jpg Please note that I marked the chart quickly, so the circled areas for the base are "general" and not exact for each base formation. Katherine ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:54 PM Subject: [CANSLIM] XRAY and CECO When I brought up XRAY last week, Winston observed that the longer term pattern was more like an ascending base. To my surprize, the XRAY breakout hasn't failed yet, although it hasn't been strong either, and may be in the process of forming another handle. I came across another stock today with similar chart characteristics to XRAY - now in the handle of a Cwh formation with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for v. high institutional ownership - but the longer term pattern looks like an ascending base. The CwH pattern is not ideal with the cup too short and V-shaped, which I attribute to the market behavior in July, but perhaps its on its way to resuming the long term ascending base pattern. Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_001E_01C24224.9713AC60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi=20 Katherine,
 
I=20 just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 the = topic=20 "Ascending Base". The definition is somewhat similar to what you = describe:-=20 "Ascending Bases, like flat bases, occur midway along a move up after a = stock=20 has broken out of a cup-with-handle or double-bottom base. It has three=20 pullbacks from 10% to 20% with each low point during the sell-of in = price being=20 higher than the preceding, which is why I call it and ascending base. = Each of=20 the pullbacks usually ocurs due to the general market declining at that=20 time."
 
Looking at your annotated chart, it would seem CECO fits this = definition.=20 It would also seem that the most recent pullback coincided with the July = selloff=20 in the markets in agreement with the definition.
 
Maybe=20 CECO is one to watch. Any other views?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Monday, August 12, 2002 3:52 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY and=20 CECO

HI Mike,
 
I've noticed the term "long term ascending base" coming up in = many posts=20 lately, so thought I'd make comment on that concept.
 
There's actually no such thing, as "ascending base" is a very = particular=20 kind of conolidation in the stock's move. In general, a stock will = rise, then=20 pause (base), rise, then pause, rise, then pause, and so on. As long = as the=20 rise between consolidations is at least 25%, the next area of = consolidation is=20 considered a new stage base. This is also the same reason that an LLUR = is not=20 a base....it's a stock on the rise, though with low volatility. = (Sorry, Tom,=20 just a point on which we don't agree.)
 
The base normally happens when the stock makes a new high, then = falls=20 and/or refuses to continue the up move for some period = of time.=20 A flat base for example, moves essentially sideways for at least 5 = wks, the=20 C&H or cup without handle lasts for at least 7 wks and sports a = deeper=20 correction as the stock retraces some of the previous move, etc. The = ascending=20 base is just an odd consolidation in that it drifts upward, attempting = to=20 breakout 3 times. It's a subtle pattern that's hard to read, but = shouldn't be=20 confused with a stock that is rising *between* consolidations.
 
I've uploaded an example on the CECO chart that shows the base, = move up,=20 base, move up, etc.
http://WallStre= et-LLC.com/canslim/CECO081202.jpg
 
Please note that I marked the chart quickly, so the circled areas = for the=20 base are "general" and not exact for each base formation.
 
Katherine
----- Original Message -----
From:=20 Mike=20 Gibbons
Sent: Monday, August 12, 2002 = 7:54=20 PM
Subject: [CANSLIM] XRAY and = CECO

When I brought up XRAY last week, Winston = observed=20 that the longer term pattern was more like an ascending base. To my=20 surprize, the XRAY breakout hasn't failed yet, although it hasn't = been=20 strong either, and may be in the process of forming another=20 handle.
 
I=20 came across another stock today with similar chart characteristics = to XRAY -=20 now in the handle of a Cwh formation with good CANSLIM = characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the longer = term=20 pattern looks like an ascending base.
 
The CwH pattern is not ideal with the cup = too short=20 and V-shaped, which I attribute to the market behavior in July, but = perhaps=20 its on its way to resuming the long term ascending base pattern.=20
 
Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
------=_NextPart_000_001E_01C24224.9713AC60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] analysts Date: 12 Aug 2002 22:38:16 -0600 I think most of the people on this list are probably a fairly select group of investors that mostly know what they are doing, most of the time, and are ignoring upgrades and downgrades and know enough not to go down with the ship when a stock starts heading south. But I think we've all seen stories about investors who have lost huge percentages of their retirement funds in the last year or two. So someone is still listening to the mostly useless information being spewed forth on a daily basis by the brokerages. I guess its for those people that I get a little angry at the brokerages. For the more informed investor, you are correct, that stuff doesn't even get into the decision making process, its not even a tiny blip on the investing radar screen. On 12 Aug 2002 at 22:53, Tom Worley wrote: > Patrick, I agree, but for me that is just "noise". Out of curiosity, I took > a look at the charts this morning of both US Airways and Conseco, both in > the news before the open for different, but horribly negative, reasons. It > took only a glance for me to know I never would have been in these stocks > anytime in the past months, if not a year or more. So the reasons for the > price declines now being revealed are moot, the chart tells me there was > something wrong a long time ago, and the insiders (and those close to the > insiders trading on their hints, tips, or whatever) only served to emphasize > what the chart was already saying. Enron, Worldcom, Global Crossing (sold - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] for DGO Users (was Fw: Conseco [T20020813002H]) Date: 12 Aug 2002 22:40:15 -0700 Thanks, Tom. I've been looking for this fix since they brought out the weekly charts. When I asked them about this problem months ago, they suggested I use the daily chart (I needed that!) and said the only way I could see the entire price range on the weekly chart was to set the monitor to a higher vertical resolution. I guess enough people complained that they finally fixed the software. If they informed us when this "option" became available, I sure missed it. (Why is it an option? Why not always present?) -Harvey Tom Worley wrote: > new feature at DGO I didn't know about, may be useful to others as well > > ----- Original Message ----- > From: > To: > Sent: Monday, August 12, 2002 10:00 PM > Subject: RE: Conseco [T20020813002H] > > Hello Tom, > > Thank you for your recent email to Daily Graphs Online. We recently added a > Price Scale-Alternate option under the Tools button. If you select this > option when viewing a weekly chart, the price scale will adjust to correctly > plot the whole chart. Please access and select this option and you will see > that CNC will display properly. If you have any other questions or comments, > feel free to email us back. > > Regards, > Jorge > Daily Graphs Online > www.dailygraphs.com > > -----Original Message----- > Sender : stkguru@bellsouth.net > Tracking Number : T20020813002HZ1330131 > Pool : Daily Graphs Online > Sent to : "DGOnline Customer Service" > Date : 8/12/02 6:26 PM > --- > > You really need to adjust the price scale on the weekly chart of CNC, as it > is now, it is pretty useless > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] for DGO Users (was Fw: Conseco [T20020813002H]) Date: 13 Aug 2002 05:41:35 -0400 Hi Harvey, I had also complained, and got pretty much the same response you did. Tonight, when I asked why they didn't tell us about this new feature, they answered "Major enhancement changes are featured on our homepage after you log in. The Price Scale-Alternate feature was added recently, however was not featured on our homepage since it was considered a secondary enhancement." It's an option because it's something you can choose to turn on or not. It's not needed on all charts, just the ones with wide price swings. As for why not always present? Turning it off gives more detail on the weekly charts for recent months. ----- Original Message ----- Sent: Tuesday, August 13, 2002 1:40 AM Thanks, Tom. I've been looking for this fix since they brought out the weekly charts. When I asked them about this problem months ago, they suggested I use the daily chart (I needed that!) and said the only way I could see the entire price range on the weekly chart was to set the monitor to a higher vertical resolution. I guess enough people complained that they finally fixed the software. If they informed us when this "option" became available, I sure missed it. (Why is it an option? Why not always present?) -Harvey Tom Worley wrote: > new feature at DGO I didn't know about, may be useful to others as well > > ----- Original Message ----- > From: > To: > Sent: Monday, August 12, 2002 10:00 PM > Subject: RE: Conseco [T20020813002H] > > Hello Tom, > > Thank you for your recent email to Daily Graphs Online. We recently added a > Price Scale-Alternate option under the Tools button. If you select this > option when viewing a weekly chart, the price scale will adjust to correctly > plot the whole chart. Please access and select this option and you will see > that CNC will display properly. If you have any other questions or comments, > feel free to email us back. > > Regards, > Jorge > Daily Graphs Online > www.dailygraphs.com > > -----Original Message----- > Sender : stkguru@bellsouth.net > Tracking Number : T20020813002HZ1330131 > Pool : Daily Graphs Online > Sent to : "DGOnline Customer Service" > Date : 8/12/02 6:26 PM > --- > > You really need to adjust the price scale on the weekly chart of CNC, as it > is now, it is pretty useless > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] NASDAQ spread sheet of company financials Date: 13 Aug 2002 07:38:07 -0600 I downloaded it and it looks like a really cool tool but I cant find anywhere where it says if it is free or a fee or whaen it will be fully functional. David -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Monday, August 12, 2002 7:16 PM Chazmoore, here is the answer I got back about this new source (for fee) of company financials. I haven't checked out this pilot program yet. ----- Original Message ----- Sent: Monday, August 12, 2002 4:56 PM Mr. Worley, I believe you are referring to a Pilot Program on our site which is a co-branded project involving Nasdaq, Microsoft and PriceWaterHouseCoopers. The XBRL demo is run through Microsoft Excel Investor's Assistant. http://www.nasdaq.com/xbrl/ Please read the System Requirements to determine if you are able to use this tool. Thanks for using feedback, Leon James Media Manager nasdaq.com leon.james@nasdaq.com _______________________________ Web Site: NASD First Name: Thomas Last Name: Worley Email: stkguru@bellsouth.net A member of my investment group told me the following, can you guide me to a website that would have more information? Rob Black interview of the Vice Chairman of NASDAQ today. The Chairman was explaining new financial reporting by companies due out soon via the Internet. Apparently, for a fee, you could download an Excel Spreadsheet on every reporting public company and chase down the smallest detail ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] NASDAQ spread sheet of company financials Date: 13 Aug 2002 09:11:10 -0400 since it is coming from NASDAQ and not NASDR, you can assume there will be a fee on it eventually. It is just a pilot program now, probably they don't have a fee structure yet. ----- Original Message ----- Sent: Tuesday, August 13, 2002 9:38 AM I downloaded it and it looks like a really cool tool but I cant find anywhere where it says if it is free or a fee or whaen it will be fully functional. David -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Monday, August 12, 2002 7:16 PM Chazmoore, here is the answer I got back about this new source (for fee) of company financials. I haven't checked out this pilot program yet. ----- Original Message ----- Sent: Monday, August 12, 2002 4:56 PM Mr. Worley, I believe you are referring to a Pilot Program on our site which is a co-branded project involving Nasdaq, Microsoft and PriceWaterHouseCoopers. The XBRL demo is run through Microsoft Excel Investor's Assistant. http://www.nasdaq.com/xbrl/ Please read the System Requirements to determine if you are able to use this tool. Thanks for using feedback, Leon James Media Manager nasdaq.com leon.james@nasdaq.com _______________________________ Web Site: NASD First Name: Thomas Last Name: Worley Email: stkguru@bellsouth.net A member of my investment group told me the following, can you guide me to a website that would have more information? Rob Black interview of the Vice Chairman of NASDAQ today. The Chairman was explaining new financial reporting by companies due out soon via the Internet. Apparently, for a fee, you could download an Excel Spreadsheet on every reporting public company and chase down the smallest detail ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] mgmt ownership Date: 13 Aug 2002 09:42:43 -0400 I can't seem to find a preferable number (minimum/maximum) for management ownership in HTMMIS (and I can't find my 24 Lessons). He just seems to put average numbers. I did see that ownership is likely to be a smaller percentage for older, larger cos., because the management has died or moved on! What do people use? Thanks, Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] XRAY and CECO Date: 13 Aug 2002 08:48:23 -0500 Mike, I think I see the same things you do. I own some COCO, which is competition, but if they both rise I won't complain. Again, a nice one to bring to the table for discussion Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Mike Gibbons" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: [CANSLIM] XRAY and CECO ission.com 08/12/2002 07:54 PM Please respond to canslim When I brought up XRAY last week, Winston observed that the longer term pattern was more like an ascending base. To my surprize, the XRAY breakout hasn't failed yet, although it hasn't been strong either, and may be in the process of forming another handle. I came across another stock today with similar chart characteristics to XRAY - now in the handle of a Cwh formation with good CANSLIM characteristics ( http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for v. high institutional ownership - but the longer term pattern looks like an ascending base. The CwH pattern is not ideal with the cup too short and V-shaped, which I attribute to the market behavior in July, but perhaps its on its way to resuming the long term ascending base pattern. Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 13 Aug 2002 08:50:27 -0500 Katherine, Can you expound on the statement that WTW broke out? In looking at the= chart, I can sorta see a v shaped cwh, but in the handle, the volume di= d NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com = =20 "Katherine Malm" = =20 To: canslim@lists= .xmission.com =20 Sent by: cc: = =20 owner-canslim@lists.xm Subject: Re: [CAN= SLIM] Which One Is Better - Updated =20 ission.com = =20 = =20 = =20 08/12/2002 08:02 PM = =20 Please respond to = =20 canslim = =20 = =20 = =20 You know, I have a simple solution for this kind of dilemma....don't us= e the numbers. I know it's tempting to use a number like this, as it seems to "tell yo= u everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mild= ly useful." Here's an example. I'll select a couple of stocks that have come up for= discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything= I need to know about the stocks. Katherine ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture of = the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply to= my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet bee= n reflected in our Image Maps resource. We plan on making the update so= on. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect=AE Composite Rating tha= t is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a Compo= site Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily a= nd the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings= into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included = in the formula. Results are then compared to all other companies, and ea= ch company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. T= his is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary= formula incorporating all five of the Stock Checkup ratings. These are= the Technical Rating, Fundamental Rating, Attractiveness Rating, Group= 's Technical Rating and Group's Fundamental Rating. The Stock Checkup us= es over 30 different variables including all the SmartSelect=AE Ratings t= o calculate the Overall Rating. When using the Stock Checkup, focus not= only on the Overall Rating but all 6 of the Checkup Ratings. Also stu= dy how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. = - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] mgmt ownership Date: 13 Aug 2002 09:49:39 -0400 I have owned corps up to 80%, but prefer 40-50% ----- Original Message ----- Sent: Tuesday, August 13, 2002 9:42 AM I can't seem to find a preferable number (minimum/maximum) for management ownership in HTMMIS (and I can't find my 24 Lessons). He just seems to put average numbers. I did see that ownership is likely to be a smaller percentage for older, larger cos., because the management has died or moved on! What do people use? Thanks, Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] mgmt ownership Date: 13 Aug 2002 09:57:58 -0400 Tom, No matter what size of the company? (Or do I assume that you mean micro caps, knowing the stocks you like). WON mentioned 2-3% ownership of the larger companies as being typical (although he didn't say 'preferable'). Ann ----- Original Message ----- Sent: Tuesday, August 13, 2002 9:49 AM : I have owned corps up to 80%, but prefer 40-50% : : ----- Original Message ----- : From: "Ann" : To: "CANSLIM Listserv" : Sent: Tuesday, August 13, 2002 9:42 AM : Subject: [CANSLIM] mgmt ownership : : : I can't seem to find a preferable number (minimum/maximum) for management : ownership in HTMMIS (and I can't find my 24 Lessons). He just seems to put : average numbers. : : I did see that ownership is likely to be a smaller percentage for older, : larger cos., because the management has died or moved on! : : What do people use? : : Thanks, : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 09:01:35 -0500 Nancy, Believe me when I tell you that your words of thanks are misdirected! = The true Pearls of Wisdom came from several group members- but none of = them by the name of Kelly. I too was the recipient, not sender, of such = wisdom. I believe Winston expelled most of these pearls and I too would = like to know where he would get such information to answer Question #4. = So- not to pass the buck- but..... Winston???? Any other Pearls hiding = beneath the shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. = Squad? And Nancy- thank you for the praise! It felt great if only for a = fleeting moment! Kelly -----Original Message----- Sent: Monday, August 12, 2002 6:57 PM dissection) Kelly-catching up on myt mail also-I thought your presentation was = really=20 good-I wish I was that far right now. Can you tell me where you got = your=20 info? IBD? Daily Graphs? Other source? Thanks nancy >From: "Duke Miller" >Reply-To: canslim@lists.xmission.com >To: >Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for=20 >dissection) >Date: Sun, 11 Aug 2002 09:33:54 -0400 > >Winston, et al: > >I'm catching up with my backlog of CANSLIM list messages, and a thought >just occurred to me after reading Winston's reply to Kelly below. = (Sans >header I would have surely assumed it was Katherine's response!) > >Your point #4 is a true Pearl of Wisdom--I.e., it provokes further >thought, and is what I call an "a-ha". The reason? How bombarded we >are with information and desktops riddled with shortcuts to investment >net "tools." But when it's all said and done--technicals, >fundamentals, charts, ratings, etc.--spending time in thought about how >will the rest of the market...react to the point or issue and how >soon--is what it's all about, isn't it? You can't measure it, you can >accurately predict it, can't touch it, can't feel it. But if the >response to that question is not, albeit in you gut, positive, you >shouldn't touch it, should you? > >Thank you for that. > >Duke > > > -----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little >Sent: Friday, August 09, 2002 12:15 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >My hope is that the note was of some help, but please keep the = following >in mind: >1. The goal is neither to whip or throw you back into the pond. >2. ALWAYS QUESTION anything that is said or stated.... do you agree = with >the point or issue stated or asked? >3. If you agree with the point, then is what is the significance of the >point or issue? The point may be true but of little value. >4. How will the rest of the market traders/investors/or others react = to >the point or issue, and how soon? >Depending on the results of the evaluate the points above (or others), >you may then want to respond and show the other person a different >perspective. > > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Friday, August 09, 2002 11:22 AM >Subject: RE: [CANSLIM] CCR - I offer this up for dissection > >Winston, > >You give me new understanding of DD. After reading your email I whip >myself for not investigating further before posting. Back to the newbie >pond for me. I feel like those Snakehead fish in Maryland- so close to >making it from the pond to the big river, then the big bad human ("M") >comes and throws me back in the pond. Thanks for your observations- = I'll >keep hacking away. > >Kelly > -----Original Message----- >From: Winston Little [mailto:wlittle1@peoplepc.com] >Sent: Thursday, August 08, 2002 4:31 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >A few comments: >1. Chart pattern: >If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup >which is not ideal. >2. Handle is 2 days long (minimum desired is five days) on 03 and 05 >Aug. >3. Heavy volume in handle (again undesirable) >4. Breakout volume on 06 Aug was 166% of average daily =3D ok. >5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in = the >top five of the IBD group were at 0.98, 0.18 and 0.83. The one = exception >was the government sponsored agency FRE (Freddie Mac) at 31. >6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 >million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 >in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was >highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may >be a re-statement in the works as day of reckoning approaches for CEO >and CFO? >CCR is believed to be a sub-prime lender. Does this mean difficulty as >the slow economy persists and consumers start to run out of cash? > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Thursday, August 08, 2002 4:50 PM >Subject: [CANSLIM] CCR - I offer this up for dissection > >CCR - Countrywide Cr Inds Inc > >EPS growth could be better but are we more forgiving over the past 3 >qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in >itself is an accomplishment)? Appears to be coming out of CWH formation >(all though not as beautiful a formation as the Mona Lisa or anything >IBD would show us). Thoughts? > > >IBD Ratings >Smart Select 99 >EPS Rating 94 >RPS 89 >Industry Group Rank A >S+P M+ROE A >A/D A+ > > >Technical Rating 98 >Fundamental Rating 96 >Attractiveness Rating 99 >Group's Technical Rating 79 >Group's Fundamental Rating 86 > > > >Rank within Industry Group >Industry Rank (08/08/02) 32 > >Overall 100 >Technical 100 >Fundamental 91 >Attriveness 100 >Top 5 Companies w/in Group > > > >CCR > > > >DORL > > > >NCEN > > > >NDE > > > >FRE >Group % Chg to Date 2% >Group % Chg Last 12 mths 4% >Group % Chg Last 4 weeks 4% > > >Performance > >Up/Down Vol 1.3 >3 Yr. EPS Growth 16% >3 Yr. Sales Growth 25% >EPS Growth (Quarterly) % Chg >Qtr -1 $0.64 5% >Qtr -2 $0.61 8% >Qtr -3 $0.56 5% >Qtr -4 $0.53 8% >Qtr -5 $0.49 0% >Qtr -6 $0.49 > >Revenue Growth >Qtr -1 293,159 3% >Qtr -2 285,799 1% >Qtr -3 283,199 1% >Qtr -4 281,332 3% >Qtr -5 272,860 0% >Qtr -6 272,489 > > _____ > >For your protection, this e-mail message has been scanned for viruses. > >Visit us at http://www.neoris.com/ > > _____ > > > > _________________________________________________________________ Join the world's largest e-mail service with MSN Hotmail.=20 http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 10:24:38 -0400 Kelly, while the market has always been one of the purest forms of supply and demand dynamics, it is first and foremost controlled by human emotion. Systems such as CANSLIM introduce a certain degree of mechanical aspects, but our interpretation of what we see and hear, particularly with regard to "M", remains very human, and emotional in our response. If you have never studied human psychology, then you should, especially Herd Mentality. It is routinely seen in the marketplace. I lost a lot of money arguing with the markets over the outstanding fundamentals of stocks that were out of favor. Bottom line, if the market doesn't like it, then it's not going to perform up to expectations. And that's why looking at trailing PE ratios is a waste of time, they are merely history, no one is likely to react to them. On the other hand, forecasts / projected PE ratios can create a sense of expectation, hence drive the price to where the stock trades at a premium based on that expectation. Right now, with fears of recession, terrorism, economy weak and not recovering, corp profits very weak and may not recover as fast as expected, the "M" is disconnected from its fundies. If the economic recovery, and thereby corp profits, do in fact improve long term, the day will come when the expectations will shift from negative to positive, and the markets will start a new bull market. And that will be because sentiment (human psychology) shifts to bullish from bearish. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:01 AM dissection) Nancy, Believe me when I tell you that your words of thanks are misdirected! The true Pearls of Wisdom came from several group members- but none of them by the name of Kelly. I too was the recipient, not sender, of such wisdom. I believe Winston expelled most of these pearls and I too would like to know where he would get such information to answer Question #4. So- not to pass the buck- but..... Winston???? Any other Pearls hiding beneath the shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. Squad? And Nancy- thank you for the praise! It felt great if only for a fleeting moment! Kelly -----Original Message----- Sent: Monday, August 12, 2002 6:57 PM dissection) Kelly-catching up on myt mail also-I thought your presentation was really good-I wish I was that far right now. Can you tell me where you got your info? IBD? Daily Graphs? Other source? Thanks nancy >From: "Duke Miller" >Reply-To: canslim@lists.xmission.com >To: >Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for >dissection) >Date: Sun, 11 Aug 2002 09:33:54 -0400 > >Winston, et al: > >I'm catching up with my backlog of CANSLIM list messages, and a thought >just occurred to me after reading Winston's reply to Kelly below. (Sans >header I would have surely assumed it was Katherine's response!) > >Your point #4 is a true Pearl of Wisdom--I.e., it provokes further >thought, and is what I call an "a-ha". The reason? How bombarded we >are with information and desktops riddled with shortcuts to investment >net "tools." But when it's all said and done--technicals, >fundamentals, charts, ratings, etc.--spending time in thought about how >will the rest of the market...react to the point or issue and how >soon--is what it's all about, isn't it? You can't measure it, you can >accurately predict it, can't touch it, can't feel it. But if the >response to that question is not, albeit in you gut, positive, you >shouldn't touch it, should you? > >Thank you for that. > >Duke > > > -----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little >Sent: Friday, August 09, 2002 12:15 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >My hope is that the note was of some help, but please keep the following >in mind: >1. The goal is neither to whip or throw you back into the pond. >2. ALWAYS QUESTION anything that is said or stated.... do you agree with >the point or issue stated or asked? >3. If you agree with the point, then is what is the significance of the >point or issue? The point may be true but of little value. >4. How will the rest of the market traders/investors/or others react to >the point or issue, and how soon? >Depending on the results of the evaluate the points above (or others), >you may then want to respond and show the other person a different >perspective. > > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Friday, August 09, 2002 11:22 AM >Subject: RE: [CANSLIM] CCR - I offer this up for dissection > >Winston, > >You give me new understanding of DD. After reading your email I whip >myself for not investigating further before posting. Back to the newbie >pond for me. I feel like those Snakehead fish in Maryland- so close to >making it from the pond to the big river, then the big bad human ("M") >comes and throws me back in the pond. Thanks for your observations- I'll >keep hacking away. > >Kelly > -----Original Message----- >From: Winston Little [mailto:wlittle1@peoplepc.com] >Sent: Thursday, August 08, 2002 4:31 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >A few comments: >1. Chart pattern: >If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup >which is not ideal. >2. Handle is 2 days long (minimum desired is five days) on 03 and 05 >Aug. >3. Heavy volume in handle (again undesirable) >4. Breakout volume on 06 Aug was 166% of average daily = ok. >5. Debt to equity ratio = 4.3 This may be a bit high, as others in the >top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception >was the government sponsored agency FRE (Freddie Mac) at 31. >6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 >million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 >in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was >highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may >be a re-statement in the works as day of reckoning approaches for CEO >and CFO? >CCR is believed to be a sub-prime lender. Does this mean difficulty as >the slow economy persists and consumers start to run out of cash? > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Thursday, August 08, 2002 4:50 PM >Subject: [CANSLIM] CCR - I offer this up for dissection > >CCR - Countrywide Cr Inds Inc > >EPS growth could be better but are we more forgiving over the past 3 >qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in >itself is an accomplishment)? Appears to be coming out of CWH formation >(all though not as beautiful a formation as the Mona Lisa or anything >IBD would show us). Thoughts? > > >IBD Ratings >Smart Select 99 >EPS Rating 94 >RPS 89 >Industry Group Rank A >S+P M+ROE A >A/D A+ > > >Technical Rating 98 >Fundamental Rating 96 >Attractiveness Rating 99 >Group's Technical Rating 79 >Group's Fundamental Rating 86 > > > >Rank within Industry Group >Industry Rank (08/08/02) 32 > >Overall 100 >Technical 100 >Fundamental 91 >Attriveness 100 >Top 5 Companies w/in Group > > > >CCR > > > >DORL > > > >NCEN > > > >NDE > > > >FRE >Group % Chg to Date 2% >Group % Chg Last 12 mths 4% >Group % Chg Last 4 weeks 4% > > >Performance > >Up/Down Vol 1.3 >3 Yr. EPS Growth 16% >3 Yr. Sales Growth 25% >EPS Growth (Quarterly) % Chg >Qtr -1 $0.64 5% >Qtr -2 $0.61 8% >Qtr -3 $0.56 5% >Qtr -4 $0.53 8% >Qtr -5 $0.49 0% >Qtr -6 $0.49 > >Revenue Growth >Qtr -1 293,159 3% >Qtr -2 285,799 1% >Qtr -3 283,199 1% >Qtr -4 281,332 3% >Qtr -5 272,860 0% >Qtr -6 272,489 > > _____ > >For your protection, this e-mail message has been scanned for viruses. > >Visit us at http://www.neoris.com/ > > _____ > > > > _________________________________________________________________ Join the world's largest e-mail service with MSN Hotmail. http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] mgmt ownership Date: 13 Aug 2002 10:27:10 -0400 Ann, I always want management to have a serious stake in the future of the company, and for more reasons than the continuation of their salary and stock options. I want them to share in the ownership, so even with a large mature company I prefer to see at least 10-15% management ownership. It's rare to find it, however, as present management is unlikely to be part of the original founders (MSFT being a rare exception). With a small or micro cap company, present day management is more often the original owners of the company from before they went public. Thus, I expect and demand far higher ownership. ----- Original Message ----- Sent: Tuesday, August 13, 2002 9:57 AM Tom, No matter what size of the company? (Or do I assume that you mean micro caps, knowing the stocks you like). WON mentioned 2-3% ownership of the larger companies as being typical (although he didn't say 'preferable'). Ann ----- Original Message ----- Sent: Tuesday, August 13, 2002 9:49 AM : I have owned corps up to 80%, but prefer 40-50% : : ----- Original Message ----- : From: "Ann" : To: "CANSLIM Listserv" : Sent: Tuesday, August 13, 2002 9:42 AM : Subject: [CANSLIM] mgmt ownership : : : I can't seem to find a preferable number (minimum/maximum) for management : ownership in HTMMIS (and I can't find my 24 Lessons). He just seems to put : average numbers. : : I did see that ownership is likely to be a smaller percentage for older, : larger cos., because the management has died or moved on! : : What do people use? : : Thanks, : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders Date: 13 Aug 2002 10:29:07 -0400 Duke: I'm on vacation and don't always have access to a computer (and never to my notes-which are at home);however, regarding your mention of WON's no handle policy: I believe there was one Investor Corner article recently which warned its readers to be wary of cups without handles. I believe it admonished that cups without handles are not setting up properly. Furthermore, in this market, it added, you want to see break outs from near perfect formations before purchasing the stock. jans In a message dated Tue, 6 Aug 2002 4:12:05 PM Eastern Standard Time, dukemill@tampabay.rr.com writes: > I've been absent a few days from the list, and in reviewing it, I noted someone saying that a particular chart looked pretty good, but it had no handle yet. Then I noted in today's Investor's Corner, it's not totally necessary to have a handle. After thinking about this and reviewing a few "handle-less" charts. All I could conclude is it's really a pattern that caters to good ol' IBD hindsight, right? Buying as the stock breaks out past the left peak of the handle (+ $.10) is > risking that it's just setting up for a handle, right? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 13 Aug 2002 09:32:35 -0500 Hi Mike, WTW didn't have the smoothest base, but it was a 12 week base nonetheless. That's not unusual given the gyrations of the market as it's been groping for this latest bottom. So that you can see my personal take on it, I've annotated the chart at: http://WallStreet-LLC.com/canslim/WTW081302.jpg Gene noted that WTW is also featured in IBD's weblink today. They have also annotated a chart, so you can see their interpretation at: http://www.investors.com/weblink/ Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 8:50 AM Katherine, Can you expound on the statement that WTW broke out? In looking at the chart, I can sorta see a v shaped cwh, but in the handle, the volume did NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] Which One Is Better - Updated ission.com 08/12/2002 08:02 PM Please respond to canslim You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW = 96 TOL = 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect® Composite Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect® Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect® Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect® Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect® Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 08:43:23 -0600 I think anyone who is an active investor would benefit from reading the tulip bulb section of "Extraordinary Popular Delusions and the Madness of Crowds". Read that and you'll be reminded of the internet bubble, telecom, biotech a few years before, etc. etc. Like you said, happens every few years in the market. On 13 Aug 2002 at 10:24, Tom Worley wrote: > If you have never studied human psychology, then you should, especially Herd > Mentality. It is routinely seen in the marketplace. I lost a lot of money - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 13 Aug 2002 10:50:53 -0400 Katherine: Couldn't "churning" also identify a stock which has been weak (ie. in a downtrend), but then does not make any more headway down-and does this on heavy volume. Wouldn't this indicate the end of the downtrend (or at least-the beginning of a consolidation, perhaps leading to the stock garnering strength?). Moreover, as distribution (as you pointed out) is likely at the top (as indicated by the hi volume and stalling); wouldn't accumulation be likely at the churning point in the downtrend (ie. since the stock is not falling anymore and it is not doing it on hi volume-wouln't this signify that someone is buying up all the stock that someone else is selling) I bring up this question because I'm not sure of the answer. I thought WON has said (or perhaps it was in an IBD Investors Corner article) that "churning" can take place on the upside (to indicate future weakness) or on the downside (to indicate future strength). In any event, what is your experience or observation or comments and conclusions on my churning conundrum. jans In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time, kmalm@earthlink.net writes: > Long story short, churning/stalling is in reference to action *after* a > stock or index has been rising, nears its highs, then starts acting odd. > That is, large volume is no longer accompanied by significant upward price > movement. In that sense, it is subtle distribution and is a > sign that the > stock may be topping and/or beginning a consolidating period - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 13 Aug 2002 10:53:45 -0400 on the downside, often suggests the point where institutional support exists, but only on the larger more liquid stocks. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:50 AM Katherine: Couldn't "churning" also identify a stock which has been weak (ie. in a downtrend), but then does not make any more headway down-and does this on heavy volume. Wouldn't this indicate the end of the downtrend (or at least-the beginning of a consolidation, perhaps leading to the stock garnering strength?). Moreover, as distribution (as you pointed out) is likely at the top (as indicated by the hi volume and stalling); wouldn't accumulation be likely at the churning point in the downtrend (ie. since the stock is not falling anymore and it is not doing it on hi volume-wouln't this signify that someone is buying up all the stock that someone else is selling) I bring up this question because I'm not sure of the answer. I thought WON has said (or perhaps it was in an IBD Investors Corner article) that "churning" can take place on the upside (to indicate future weakness) or on the downside (to indicate future strength). In any event, what is your experience or observation or comments and conclusions on my churning conundrum. jans In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time, kmalm@earthlink.net writes: > Long story short, churning/stalling is in reference to action *after* a > stock or index has been rising, nears its highs, then starts acting odd. > That is, large volume is no longer accompanied by significant upward price > movement. In that sense, it is subtle distribution and is a > sign that the > stock may be topping and/or beginning a consolidating period - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: jch Subject: Re: [CANSLIM] analysts Date: 13 Aug 2002 09:56:18 -0500 --=======17C25DC1======= Content-Type: text/plain; x-avg-checked=avg-ok-7CC03632; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit Tom NYSE specialists have a hand in this too--When you experience 7% stop loss execute at LOD 15% loss you begin to look toward Level II trading on NASDAQ where you are under electronic control--no humanoids--read the following: Richard Ney on the Role of the Specialist "The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, 'A terrible thing happened. I realized I'd joined the wrong mob'" (1Ney, 8). It was with these words that Richard Ney began his first of three books on the nature of the New York Stock Exchange. Ney wrote over 20 years ago, a time when a 750 Dow was high and today's volumes were beyond imagining. Some of his material is dated, and must be read in the light in which it was written. But the main premise of his books is still true: that the specialist exists not to ensure the free and orderly trade of stock in a particular company, but to fatten upon the innocence and ignorance of the small investor. The New York Stock Exchange is not an auction market (2Ney, 86), though many investors still hold onto that image. It is a rigged market. Volume is an effect of price. Prices are controlled absolutely by the specialists, the 'market makers' in individual stocks. It was this discovery that led Mr. Ney to eventually give us small investors a priceless gift: enlightenment. "Studying the transactions in each stock, I became immediately conscious that, on too many occasion to be a coincidence, a stock would advance from its morning low and then, often during the afternoon, would show an up-tick of a half-point or more on a large block of anywhere from 1,500 to 5,000 or more shares. This transaction seemed to herald a transformation in what was taking place, for immediately thereafter the stock would begin to drop like Newton's apple. Before I could find out what caused this, another question presented itself: What caused the same thing to happen at the low point in that stock's decline? For it was also apparent that a block of stock of the same size often appeared on a down-tick of a half-point or more, after which the stock quickly rallied. Together these two facts seemed to give a stock's pattern continuity. At the end of several days of investigation, I discovered that these transactions at the top and bottom of a stock's price pattern were for the specialist's own account. ... Clod that I was, I had at last recognized that, although the study of human nature may not be fashionable among economists, it is never out of season" (2Ney, 9)." John Heiman >guess I am too jaded from too many years inside the securities industry, I >am not even shocked by all this, I presumed all of this was still happening, >just like it always has, at the major wirehouses > >----- Original Message ----- >From: "Duke Miller" >To: >Sent: Monday, August 12, 2002 4:44 PM >Subject: RE: [CANSLIM] analysts > > >This is incredible. > >I pulled up the story, and was further shocked by this revelation: > >In a discussion with (his boss) Mr. Kim about his progress on the >report, Mr. Boss made clear his doubts on the sector. He said Mr. Kim >began to fret. Mr. Boss, who sat within earshot of Mr. Kim, said his >superior called the investment bankers and discussed the report, but was >careful to do so on his cellphone. Mr. Boss said that Mr. Kim had told >him to be careful to limit conversations with investment banking to >cellphones because Mr. Spitzer's release of the now infamous Merrill >Lynch e-mail messages had been so damaging to that firm. Furthermore, >internal phone lines, which might be taped, were not to be used. > >And near the end of the article: > >"In an affidavit that Mr. Boss submitted to Salomon and the New York >attorney general, he said investment bankers at the firm regularly told >Mr. Kim of pending banking assignments and merger and acquisition >activities involving companies in his sector. "In violation of the >rules, Steve issued favorable research reports on the companies involved >(homebuilders) after he became knowledgeable of the transactions," Mr. >Boss said in his affidavit. > >"Mr. Boss also said in his statement that shortly after the Masco >Corporation, a maker of building products, sold 22 million shares to the >public in an underwriting co-managed by Salomon this spring, and after >Mr. Kim had raised his estimates for the company, Mr. Kim asked Masco >management to help with the installation of a new kitchen in his >Westchester home. According to Mr. Boss's affidavit, Masco spent more >than $10,000 sending materials and two high-level managers from Michigan >to Mr. Kim's home for several days." > >And this is a subsidiary of Citigroup? > >With all that's gone on, these guys are either brain-dead, or totally >brain-washed. > >Duke > > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl >Sent: Monday, August 12, 2002 12:05 PM >To: canslim@lists.xmission.com >Subject: [CANSLIM] analysts > > >Well, those Wall Street weasels are still weasels, even after promising >reform. >Here is the link, since it requires registration, some people will >probably not be able >to get there or wish to register, so I've excerpted a couple of >passages below - > >http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html > > >The two executives boasted that Salomon, Citigroup's investment bank >subsidiary, had been the first to adopt reforms suggested by Eliot >Spitzer, the >New York attorney general, who is investigating Wall Street research. >They >also proposed additional moves that regulators might take to prevent a >firm's >investment bankers from exerting improper influence on its research >analysts ..... As Mr. Boss tells the tale, in late June, after spending >weeks on a report >analyzing three office furniture companies, he was lukewarm about the >stocks' >prospects and assigned them a neutral and high-risk rating. He argued >that >until the overall business climate improved, demand for these companies' > >products would be lackluster. When two Salomon investment bankers and >Mr. >Boss's immediate supervisor saw the draft report, they demanded that he >revise it to be more upbeat. Mr. Boss refused. A few days later, on June >27, he >was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, >which he refused. > >Beginning on June 3, for example, the firm said that any fact checking >by the >investment banking division of draft research reports would be limited >to the >first research written about an initial public offering. Moreover, the >rules said >that any draft research sent to investment banking for fact checking >"must >omit the rating and target price as well as the investment thesis and >valuation >analysis sections." > >According to Mr. Boss, two Salomon investment bankers, Richard Moriarty >and Marc Schneider, flouted those rules the week of June 23, demanding >to >see Mr. Boss's report, which was in draft form on his laptop computer. > >Stephen S. Kim, the analyst covering home-building stocks at Salomon and > >Mr. Boss's immediate supervisor, told him to put the report on the >firm's >internal network so it could be reviewed by the investment bankers. Mr. >Boss >protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon >went >to the research department and reviewed the report on Mr. Boss's laptop. >Two >of the three office furnishings stocks that Mr. Boss had advised >investors to be >cautious of " Interface and Steelcase " had recently issued bonds that >were >underwritten by Salomon. > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >--- >Incoming mail is certified Virus Free. >Checked by AVG anti-virus system (http://www.grisoft.com). >Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======17C25DC1======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-7CC03632 Content-Disposition: inline --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 --=======17C25DC1=======-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] mgmt ownership Date: 13 Aug 2002 11:09:07 -0400 Thank you, Tom. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:27 AM : Ann, I always want management to have a serious stake in the future of the : company, and for more reasons than the continuation of their salary and : stock options. I want them to share in the ownership, so even with a large : mature company I prefer to see at least 10-15% management ownership. It's : rare to find it, however, as present management is unlikely to be part of : the original founders (MSFT being a rare exception). : : With a small or micro cap company, present day management is more often the : original owners of the company from before they went public. Thus, I expect : and demand far higher ownership. : : ----- Original Message ----- : From: "Ann" : To: : Sent: Tuesday, August 13, 2002 9:57 AM : Subject: Re: [CANSLIM] mgmt ownership : : : Tom, : : No matter what size of the company? (Or do I assume that you mean micro : caps, knowing the stocks you like). WON mentioned 2-3% ownership of the : larger companies as being typical (although he didn't say 'preferable'). : : Ann : ----- Original Message ----- : From: "Tom Worley" : To: : Sent: Tuesday, August 13, 2002 9:49 AM : Subject: Re: [CANSLIM] mgmt ownership : : : : I have owned corps up to 80%, but prefer 40-50% : : : : ----- Original Message ----- : : From: "Ann" : : To: "CANSLIM Listserv" : : Sent: Tuesday, August 13, 2002 9:42 AM : : Subject: [CANSLIM] mgmt ownership : : : : : : I can't seem to find a preferable number (minimum/maximum) for management : : ownership in HTMMIS (and I can't find my 24 Lessons). He just seems to put : : average numbers. : : : : I did see that ownership is likely to be a smaller percentage for older, : : larger cos., because the management has died or moved on! : : : : What do people use? : : : : Thanks, : : : : Ann : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : : : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] XRAY and CECO Date: 13 Aug 2002 10:18:33 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01C2_01C242B2.C7737640 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable HI Mike, I can tell my response wasn't clear. Let me try again with some examples = and articles. In general, it's important to distinguish between a "healthy rising = stock" and a "base." On one hand, you will have a stock, like CECO, = which has been rising over time. Each time is rises for a while, then it = pauses to consolidate. That pause is the "base." Each time the stock = reaches a new high and then consolidates, it will demonstrate its = ability to absorb the gains from the previous rise of >=3D25%. That = pattern that you see along the rising trend line is what you want to see = in a stock. The problem is, after the stock has done this 3 or 4 times, = it becomes well-known and obvious, and so it is rare that it can = continue tracing out this same rising behavior for too much longer. What = will normally happen is that the stock will often fail in the next = breakout and/or correct so deeply that it undercuts the low of the = previous base. That "resets the base count" and you then start over with = counting bases, assuming of course, that the stock *can* recover. WON = suggests that if the correction is more than 80% that the stock is too = badly damaged that it may not recover in any reasonable time period. = (IBM and WMT come to mind....look back at a 10 year chart of each of = them and notice what happened after they corrected so deeply. They = essentially went into years of sideways movement.) Sometimes a picture is worth a thousand words, so thought it easier to = write up some notes. See notes on the "Healthy Rising Stock" at: http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG Now, far different than the healthy rising stock is the *type* of base = that it forms while consolidating. There are many, though there are some = that are more common, more reliable, and far easier to spot than others. = I'd rank the ascending base as the most difficult to master. See my = handwritten notes on types of bases at: http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Just to be complete, I've also uploaded quite a few resources related to = both rising stocks (base counting) and ascending bases. I figured it was = far easier to do that than to reinvent the wheel and describe the = ascending base in detail. See them at: Counting bases: http://WallStreet-LLC.com/canslim/CountingBasesHowTo.doc http://WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG http://WallStreet-LLC.com/canslim/CountBasesB4Buy.JPG http://WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG Ascending bases: http://WallStreet-LLC.com/canslim/AscendingBaseRally.JPG http://WallStreet-LLC.com/canslim/FindAscendingBases.doc http://WallStreet-LLC.com/canslim/BuyPointABase.doc In summary, there is no such thing as a "long term ascending base" as = the concept confuses a healthy rising stock pattern over a longer time = period with the ascending base pattern, which is a particular kind of = consolidation (>=3D6wks).=20 CECO has been exhibiting the characteristics of a "healthy rising stock" = and is currently forming a 3rd stage base. CECO is *not* currently = forming an ascending base. It is forming a very strange base on base = (flat + C&H) as far as I can tell. I saw many odd patterns like this at = the September '01 low and many of the stocks were able to recover from = the V shaped sell off, breakout and move on. Many of the retailers, the = gaming stocks, homebuilders, security related stocks and Aero & Defense = come to mind. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 10:20 PM Subject: RE: [CANSLIM] XRAY and CECO Hi Katherine, I just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 = the topic "Ascending Base". The definition is somewhat similar to what = you describe:- "Ascending Bases, like flat bases, occur midway along a = move up after a stock has broken out of a cup-with-handle or = double-bottom base. It has three pullbacks from 10% to 20% with each low = point during the sell-of in price being higher than the preceding, which = is why I call it and ascending base. Each of the pullbacks usually ocurs = due to the general market declining at that time." Looking at your annotated chart, it would seem CECO fits this = definition. It would also seem that the most recent pullback coincided = with the July selloff in the markets in agreement with the definition.=20 Maybe CECO is one to watch. Any other views? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 3:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I've noticed the term "long term ascending base" coming up in many = posts lately, so thought I'd make comment on that concept. There's actually no such thing, as "ascending base" is a very = particular kind of conolidation in the stock's move. In general, a stock = will rise, then pause (base), rise, then pause, rise, then pause, and so = on. As long as the rise between consolidations is at least 25%, the next = area of consolidation is considered a new stage base. This is also the = same reason that an LLUR is not a base....it's a stock on the rise, = though with low volatility. (Sorry, Tom, just a point on which we don't = agree.) The base normally happens when the stock makes a new high, then = falls and/or refuses to continue the up move for some period of time. A = flat base for example, moves essentially sideways for at least 5 wks, = the C&H or cup without handle lasts for at least 7 wks and sports a = deeper correction as the stock retraces some of the previous move, etc. = The ascending base is just an odd consolidation in that it drifts = upward, attempting to breakout 3 times. It's a subtle pattern that's = hard to read, but shouldn't be confused with a stock that is rising = *between* consolidations.=20 I've uploaded an example on the CECO chart that shows the base, move = up, base, move up, etc. http://WallStreet-LLC.com/canslim/CECO081202.jpg Please note that I marked the chart quickly, so the circled areas = for the base are "general" and not exact for each base formation. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:54 PM Subject: [CANSLIM] XRAY and CECO When I brought up XRAY last week, Winston observed that the longer = term pattern was more like an ascending base. To my surprize, the XRAY = breakout hasn't failed yet, although it hasn't been strong either, and = may be in the process of forming another handle. I came across another stock today with similar chart = characteristics to XRAY - now in the handle of a Cwh formation with good = CANSLIM characteristics = (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO) = except for v. high institutional ownership - but the longer term pattern = looks like an ascending base. The CwH pattern is not ideal with the cup too short and V-shaped, = which I attribute to the market behavior in July, but perhaps its on its = way to resuming the long term ascending base pattern.=20 Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_01C2_01C242B2.C7737640 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

HI = Mike,

 

I can tell my response = wasn't=20 clear. Let me try again with some examples and = articles.

 

In general, it's = important to=20 distinguish between a "healthy rising stock" and a "base." On one hand, = you will=20 have a stock, like CECO, which has been rising over time. Each time = is=20 rises for a while, then it pauses to consolidate. That pause is the = "base." Each=20 time the stock reaches a new high and then consolidates, it will = demonstrate its=20 ability to absorb the gains from the previous rise of >=3D25%. That = pattern=20 that you see along the rising trend line is what you want to see in a = stock. The=20 problem is, after the stock has done this 3 or 4 times, it becomes = well-known=20 and obvious, and so it is rare that it can continue tracing out this = same rising=20 behavior for too much longer. What will normally happen is that the = stock will=20 often fail in the next breakout and/or correct so deeply that it = undercuts the=20 low of the previous base. That "resets the base count" and you then = start over=20 with counting bases, assuming of course, that the stock *can* recover. = WON=20 suggests that if the correction is more than 80% that the stock is too = badly=20 damaged that it may not recover in any reasonable time period. (IBM and = WMT come=20 to mind....look back at a 10 year chart of each of them and notice what = happened=20 after they corrected so deeply. They essentially went into years of = sideways=20 movement.)

 

Sometimes a picture is = worth a=20 thousand words, so thought it easier to write up some notes. See notes = on the=20 "Healthy Rising Stock" at:

http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG

 

Now, far different than = the healthy=20 rising stock is the *type* of base that it forms while consolidating. = There are=20 many, though there are some that are more common, more reliable, and far = easier=20 to spot than others. I'd rank the ascending base as the most difficult = to=20 master. See my handwritten notes on types of bases at:

http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG

 

Just to be complete, I've = also=20 uploaded quite a few resources related to both rising stocks (base=20 counting) and ascending bases. I figured it was far easier to do = that than=20 to reinvent the wheel and describe the ascending base in detail. See = them=20 at:

 

Counting = bases:

http://= WallStreet-LLC.com/canslim/CountingBasesHowTo.doc

http:/= /WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG

=

http://Wal= lStreet-LLC.com/canslim/CountBasesB4Buy.JPG

http://= WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG

 

Ascending = bases:

http://= WallStreet-LLC.com/canslim/AscendingBaseRally.JPG

http://= WallStreet-LLC.com/canslim/FindAscendingBases.doc

http://WallS= treet-LLC.com/canslim/BuyPointABase.doc

 

In summary, there is no = such thing=20 as a "long term ascending base" as the concept confuses a healthy = rising=20 stock pattern over a longer time period with the ascending = base=20 pattern, which is a particular kind of consolidation=20 (>=3D6wks). 

 

CECO has been exhibiting = the=20 characteristics of a "healthy rising stock" and is currently forming a = 3rd stage=20 base. CECO is *not* currently forming an ascending base. It is = forming a=20 very strange base on base (flat + C&H) as far as I can tell. I saw = many odd=20 patterns like this at the September '01 low and many of the stocks = were=20 able to recover from the V shaped sell off, breakout and move on. Many = of the=20 retailers, the gaming stocks, homebuilders, security related stocks and = Aero=20 & Defense come to mind.

 

Katherine

 

 

----- Original Message -----
From:=20 Mike Gibbons
Sent: Monday, August 12, 2002 = 10:20=20 PM
Subject: RE: [CANSLIM] XRAY and = CECO

Hi=20 Katherine,
 
I=20 just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 = the topic=20 "Ascending Base". The definition is somewhat similar to what you = describe:-=20 "Ascending Bases, like flat bases, occur midway along a move up after = a stock=20 has broken out of a cup-with-handle or double-bottom base. It has = three=20 pullbacks from 10% to 20% with each low point during the sell-of in = price=20 being higher than the preceding, which is why I call it and ascending = base.=20 Each of the pullbacks usually ocurs due to the general market = declining at=20 that time."
 
Looking at your annotated chart, it would seem CECO fits this = definition. It would also seem that the most recent pullback coincided = with=20 the July selloff in the markets in agreement with the definition.=20
 
Maybe CECO is one to watch. Any other = views?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 12, 2002 3:52 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY and = CECO

HI Mike,
 
I've noticed the term "long term ascending base" coming up in = many=20 posts lately, so thought I'd make comment on that concept.
 
There's actually no such thing, as "ascending base" is a very=20 particular kind of conolidation in the stock's move. In general, a = stock=20 will rise, then pause (base), rise, then pause, rise, then pause, = and so on.=20 As long as the rise between consolidations is at least 25%, the next = area of=20 consolidation is considered a new stage base. This is also the same = reason=20 that an LLUR is not a base....it's a stock on the rise, though with = low=20 volatility. (Sorry, Tom, just a point on which we don't = agree.)
 
The base normally happens when the stock makes a new high, then = falls=20 and/or refuses to continue the up move for some = period of=20 time. A flat base for example, moves essentially sideways for at = least 5=20 wks, the C&H or cup without handle lasts for at least 7 wks and = sports a=20 deeper correction as the stock retraces some of the previous move, = etc. The=20 ascending base is just an odd consolidation in that it drifts = upward,=20 attempting to breakout 3 times. It's a subtle pattern that's hard to = read,=20 but shouldn't be confused with a stock that is rising *between*=20 consolidations.
 
I've uploaded an example on the CECO chart that shows the base, = move=20 up, base, move up, etc.
http://WallStre= et-LLC.com/canslim/CECO081202.jpg
 
Please note that I marked the chart quickly, so the circled = areas for=20 the base are "general" and not exact for each base formation.
 
Katherine
----- Original Message ----- =
From:=20 Mike=20 Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 7:54=20 PM
Subject: [CANSLIM] XRAY and = CECO

When I brought up XRAY last week, = Winston=20 observed that the longer term pattern was more like an ascending = base. To=20 my surprize, the XRAY breakout hasn't failed yet, although it = hasn't been=20 strong either, and may be in the process of forming another=20 handle.
 
I came across another stock today with = similar=20 chart characteristics to XRAY - now in the handle of a Cwh = formation with=20 good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the longer = term=20 pattern looks like an ascending base.
 
The CwH pattern is not ideal with the = cup too=20 short and V-shaped, which I attribute to the market behavior in = July, but=20 perhaps its on its way to resuming the long term ascending base = pattern.=20
 
Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
=
 
------=_NextPart_000_01C2_01C242B2.C7737640-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] specialist Date: 13 Aug 2002 10:28:00 -0500 I had the privilege of spending an hour with a specialist on the floor of the NYSE. Being of the trader/investor mindset, I was very curious how specialists operated. Like Lucky, I walked away with a much clearer picture. A specialist is what I will call a swing trader. Holding positions (inventory) and trading around this inventory as orders flow in. I asked the specialist about unexpected events when inventory is high. He mentioned even though he and his firm will take a hit on the inventory, there usually is enough order flow to profit from and substantially cut into the loss. Very, very few specialists lose money over any length of time. Check out the price for a seat on the NYSE - it's that high for good reason. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] XRAY and CECO Date: 13 Aug 2002 07:09:28 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0000_01C24298.5CED1A20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Lesson for list members: if you really want to learn a subject in depth, pick a fight with Katherine. You will be treated gently, but come away from the experience greatly enlightened. I recommend all the chart reading neophytes on the list check out all the links Katherine provided. Thank you Katherine for the hand drawn chart and uploading all those references. I hope you weren't up all night (I see the time on the posting was 5:19 am) on my account. As someone else asked recently, do you ever sleep? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 13, 2002 5:19 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I can tell my response wasn't clear. Let me try again with some examples and articles. In general, it's important to distinguish between a "healthy rising stock" and a "base." On one hand, you will have a stock, like CECO, which has been rising over time. Each time is rises for a while, then it pauses to consolidate. That pause is the "base." Each time the stock reaches a new high and then consolidates, it will demonstrate its ability to absorb the gains from the previous rise of >=25%. That pattern that you see along the rising trend line is what you want to see in a stock. The problem is, after the stock has done this 3 or 4 times, it becomes well-known and obvious, and so it is rare that it can continue tracing out this same rising behavior for too much longer. What will normally happen is that the stock will often fail in the next breakout and/or correct so deeply that it undercuts the low of the previous base. That "resets the base count" and you then start over with counting bases, assuming of course, that the stock *can* recover. WON suggests that if the correction is more than 80% that the stock is too badly damaged that it may not recover in any reasonable time period. (IBM and WMT come to mind....look back at a 10 year chart of each of them and notice what happened after they corrected so deeply. They essentially went into years of sideways movement.) Sometimes a picture is worth a thousand words, so thought it easier to write up some notes. See notes on the "Healthy Rising Stock" at: http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG Now, far different than the healthy rising stock is the *type* of base that it forms while consolidating. There are many, though there are some that are more common, more reliable, and far easier to spot than others. I'd rank the ascending base as the most difficult to master. See my handwritten notes on types of bases at: http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Just to be complete, I've also uploaded quite a few resources related to both rising stocks (base counting) and ascending bases. I figured it was far easier to do that than to reinvent the wheel and describe the ascending base in detail. See them at: Counting bases: http://WallStreet-LLC.com/canslim/CountingBasesHowTo.doc http://WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG http://WallStreet-LLC.com/canslim/CountBasesB4Buy.JPG http://WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG Ascending bases: http://WallStreet-LLC.com/canslim/AscendingBaseRally.JPG http://WallStreet-LLC.com/canslim/FindAscendingBases.doc http://WallStreet-LLC.com/canslim/BuyPointABase.doc In summary, there is no such thing as a "long term ascending base" as the concept confuses a healthy rising stock pattern over a longer time period with the ascending base pattern, which is a particular kind of consolidation (>=6wks). CECO has been exhibiting the characteristics of a "healthy rising stock" and is currently forming a 3rd stage base. CECO is *not* currently forming an ascending base. It is forming a very strange base on base (flat + C&H) as far as I can tell. I saw many odd patterns like this at the September '01 low and many of the stocks were able to recover from the V shaped sell off, breakout and move on. Many of the retailers, the gaming stocks, homebuilders, security related stocks and Aero & Defense come to mind. Katherine ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 10:20 PM Subject: RE: [CANSLIM] XRAY and CECO Hi Katherine, I just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 the topic "Ascending Base". The definition is somewhat similar to what you describe:- "Ascending Bases, like flat bases, occur midway along a move up after a stock has broken out of a cup-with-handle or double-bottom base. It has three pullbacks from 10% to 20% with each low point during the sell-of in price being higher than the preceding, which is why I call it and ascending base. Each of the pullbacks usually ocurs due to the general market declining at that time." Looking at your annotated chart, it would seem CECO fits this definition. It would also seem that the most recent pullback coincided with the July selloff in the markets in agreement with the definition. Maybe CECO is one to watch. Any other views? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 3:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I've noticed the term "long term ascending base" coming up in many posts lately, so thought I'd make comment on that concept. There's actually no such thing, as "ascending base" is a very particular kind of conolidation in the stock's move. In general, a stock will rise, then pause (base), rise, then pause, rise, then pause, and so on. As long as the rise between consolidations is at least 25%, the next area of consolidation is considered a new stage base. This is also the same reason that an LLUR is not a base....it's a stock on the rise, though with low volatility. (Sorry, Tom, just a point on which we don't agree.) The base normally happens when the stock makes a new high, then falls and/or refuses to continue the up move for some period of time. A flat base for example, moves essentially sideways for at least 5 wks, the C&H or cup without handle lasts for at least 7 wks and sports a deeper correction as the stock retraces some of the previous move, etc. The ascending base is just an odd consolidation in that it drifts upward, attempting to breakout 3 times. It's a subtle pattern that's hard to read, but shouldn't be confused with a stock that is rising *between* consolidations. I've uploaded an example on the CECO chart that shows the base, move up, base, move up, etc. http://WallStreet-LLC.com/canslim/CECO081202.jpg Please note that I marked the chart quickly, so the circled areas for the base are "general" and not exact for each base formation. Katherine ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:54 PM Subject: [CANSLIM] XRAY and CECO When I brought up XRAY last week, Winston observed that the longer term pattern was more like an ascending base. To my surprize, the XRAY breakout hasn't failed yet, although it hasn't been strong either, and may be in the process of forming another handle. I came across another stock today with similar chart characteristics to XRAY - now in the handle of a Cwh formation with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for v. high institutional ownership - but the longer term pattern looks like an ascending base. The CwH pattern is not ideal with the cup too short and V-shaped, which I attribute to the market behavior in July, but perhaps its on its way to resuming the long term ascending base pattern. Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_0000_01C24298.5CED1A20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lesson for list members: if you really want to learn a subject = in depth,=20 pick a fight with Katherine. You will be treated gently, but come = away from=20 the experience greatly enlightened. I recommend all the chart reading = neophytes=20 on the list check out all the links Katherine = provided.
 
Thank=20 you Katherine for the hand drawn chart and uploading all those = references. I=20 hope you weren't up all night (I see the time on the posting was 5:19 = am) on my=20 account. As someone else asked recently, do you ever = sleep?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Tuesday, August 13, 2002 5:19 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY and=20 CECO

HI = Mike,

 

I can tell my response = wasn't=20 clear. Let me try again with some examples and = articles.

 

In general, it's = important to=20 distinguish between a "healthy rising stock" and a "base." On one = hand, you=20 will have a stock, like CECO, which has been rising over time. = Each time=20 is rises for a while, then it pauses to consolidate. That pause is the = "base."=20 Each time the stock reaches a new high and then consolidates, it will=20 demonstrate its ability to absorb the gains from the previous rise of=20 >=3D25%. That pattern that you see along the rising trend line is = what you=20 want to see in a stock. The problem is, after the stock has done this = 3 or 4=20 times, it becomes well-known and obvious, and so it is rare that it = can=20 continue tracing out this same rising behavior for too much longer. = What will=20 normally happen is that the stock will often fail in the next breakout = and/or=20 correct so deeply that it undercuts the low of the previous base. That = "resets=20 the base count" and you then start over with counting bases, assuming = of=20 course, that the stock *can* recover. WON suggests that if the = correction is=20 more than 80% that the stock is too badly damaged that it may not = recover in=20 any reasonable time period. (IBM and WMT come to mind....look back at = a 10=20 year chart of each of them and notice what happened after they = corrected so=20 deeply. They essentially went into years of sideways=20 movement.)

 

Sometimes a picture is = worth a=20 thousand words, so thought it easier to write up some notes. See notes = on the=20 "Healthy Rising Stock" at:

http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG

 

Now, far different than = the=20 healthy rising stock is the *type* of base that it forms while = consolidating.=20 There are many, though there are some that are more common, more = reliable, and=20 far easier to spot than others. I'd rank the ascending base as the = most=20 difficult to master. See my handwritten notes on types of bases = at:

http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG

 

Just to be complete, = I've also=20 uploaded quite a few resources related to both rising stocks (base=20 counting) and ascending bases. I figured it was far easier to do = that=20 than to reinvent the wheel and describe the ascending base in detail. = See them=20 at:

 

Counting = bases:

http://= WallStreet-LLC.com/canslim/CountingBasesHowTo.doc

http:/= /WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG

=

http://Wal= lStreet-LLC.com/canslim/CountBasesB4Buy.JPG

http://= WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG

 

Ascending = bases:

http://= WallStreet-LLC.com/canslim/AscendingBaseRally.JPG

http://= WallStreet-LLC.com/canslim/FindAscendingBases.doc

http://WallS= treet-LLC.com/canslim/BuyPointABase.doc

 

In summary, there is no = such=20 thing as a "long term ascending base" as the concept confuses a = healthy=20 rising stock pattern over a longer time period with the = ascending=20 base pattern, which is a particular kind of consolidation=20 (>=3D6wks). 

 

CECO has been = exhibiting the=20 characteristics of a "healthy rising stock" and is currently forming a = 3rd=20 stage base. CECO is *not* currently forming an ascending base. It = is=20 forming a very strange base on base (flat + C&H) as far as I can = tell. I=20 saw many odd patterns like this at the September '01 low and many = of the=20 stocks were able to recover from the V shaped sell off, breakout and = move on.=20 Many of the retailers, the gaming stocks, homebuilders, security = related=20 stocks and Aero & Defense come to mind.

 

Katherine

 

 

----- Original Message -----
From:=20 Mike Gibbons
Sent: Monday, August 12, 2002 = 10:20=20 PM
Subject: RE: [CANSLIM] XRAY = and=20 CECO

Hi Katherine,
 
I=20 just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 = the=20 topic "Ascending Base". The definition is somewhat similar to what = you=20 describe:- "Ascending Bases, like flat bases, occur midway along a = move up=20 after a stock has broken out of a cup-with-handle or double-bottom = base. It=20 has three pullbacks from 10% to 20% with each low point during the = sell-of=20 in price being higher than the preceding, which is why I call it and = ascending base. Each of the pullbacks usually ocurs due to the = general=20 market declining at that time."
 
Looking at your annotated chart, it would seem CECO fits = this=20 definition. It would also seem that the most recent pullback = coincided with=20 the July selloff in the markets in agreement with the definition.=20
 
Maybe CECO is one to watch. Any other = views?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 12, 2002 3:52 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY = and=20 CECO

HI Mike,
 
I've noticed the term "long term ascending base" coming up in = many=20 posts lately, so thought I'd make comment on that concept.
 
There's actually no such thing, as "ascending base" is a very = particular kind of conolidation in the stock's move. In general, a = stock=20 will rise, then pause (base), rise, then pause, rise, then pause, = and so=20 on. As long as the rise between consolidations is at least 25%, = the next=20 area of consolidation is considered a new stage base. This is also = the=20 same reason that an LLUR is not a base....it's a stock on the = rise, though=20 with low volatility. (Sorry, Tom, just a point on which we don't=20 agree.)
 
The base normally happens when the stock makes a new high, = then falls=20 and/or refuses to continue the up move for some = period of=20 time. A flat base for example, moves essentially sideways for at = least 5=20 wks, the C&H or cup without handle lasts for at least 7 wks = and sports=20 a deeper correction as the stock retraces some of the previous = move, etc.=20 The ascending base is just an odd consolidation in that it drifts = upward,=20 attempting to breakout 3 times. It's a subtle pattern that's hard = to read,=20 but shouldn't be confused with a stock that is rising *between*=20 consolidations.
 
I've uploaded an example on the CECO chart that shows the = base, move=20 up, base, move up, etc.
http://WallStre= et-LLC.com/canslim/CECO081202.jpg
 
Please note that I marked the chart quickly, so the circled = areas for=20 the base are "general" and not exact for each base = formation.
 
Katherine
----- Original Message ----- =
From:=20 Mike=20 Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 7:54=20 PM
Subject: [CANSLIM] XRAY = and=20 CECO

When I brought up XRAY last week, = Winston=20 observed that the longer term pattern was more like an ascending = base.=20 To my surprize, the XRAY breakout hasn't failed yet, although it = hasn't=20 been strong either, and may be in the process of forming another = handle.
 
I came across another stock today = with similar=20 chart characteristics to XRAY - now in the handle of a Cwh = formation=20 with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the longer = term=20 pattern looks like an ascending base.
 
The CwH pattern is not ideal with the = cup too=20 short and V-shaped, which I attribute to the market behavior in = July,=20 but perhaps its on its way to resuming the long term ascending = base=20 pattern.
 
Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
=
 
------=_NextPart_000_0000_01C24298.5CED1A20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] XRAY and CECO Date: 13 Aug 2002 10:17:16 -0700 Hear hear! Thanks Katherine - for the excellent links! -Bill ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:09 AM > Lesson for list members: if you really want to learn a subject in depth, pick a fight with Katherine. You will be treated gently, > but come away from the experience greatly enlightened. I recommend all the chart reading neophytes on the list check out all the > links Katherine provided. > > Thank you Katherine for the hand drawn chart and uploading all those references. I hope you weren't up all night (I see the time on > the posting was 5:19 am) on my account. As someone else asked recently, do you ever sleep? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > -----Original Message----- > From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm > Sent: Tuesday, August 13, 2002 5:19 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] XRAY and CECO > > > HI Mike, > > > > I can tell my response wasn't clear. Let me try again with some examples and articles. > > > > In general, it's important to distinguish between a "healthy rising stock" and a "base." On one hand, you will have a stock, like > CECO, which has been rising over time. Each time is rises for a while, then it pauses to consolidate. That pause is the "base." Each > time the stock reaches a new high and then consolidates, it will demonstrate its ability to absorb the gains from the previous rise > of >=25%. That pattern that you see along the rising trend line is what you want to see in a stock. The problem is, after the stock > has done this 3 or 4 times, it becomes well-known and obvious, and so it is rare that it can continue tracing out this same rising > behavior for too much longer. What will normally happen is that the stock will often fail in the next breakout and/or correct so > deeply that it undercuts the low of the previous base. That "resets the base count" and you then start over with counting bases, > assuming of course, that the stock *can* recover. WON suggests that if the correction is more than 80% that the stock is too badly > damaged that it may not recover in any reasonable time period. (IBM and WMT come to mind....look back at a 10 year chart of each of > them and notice what happened after they corrected so deeply. They essentially went into years of sideways movement.) > > > > Sometimes a picture is worth a thousand words, so thought it easier to write up some notes. See notes on the "Healthy Rising > Stock" at: > > http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG > > > > Now, far different than the healthy rising stock is the *type* of base that it forms while consolidating. There are many, though > there are some that are more common, more reliable, and far easier to spot than others. I'd rank the ascending base as the most > difficult to master. See my handwritten notes on types of bases at: > > http://WallStreet-LLC.com/canslim/TypesOfBases.JPG > > > > Just to be complete, I've also uploaded quite a few resources related to both rising stocks (base counting) and ascending bases. I > figured it was far easier to do that than to reinvent the wheel and describe the ascending base in detail. See them at: > > > > Counting bases: > > http://WallStreet-LLC.com/canslim/CountingBasesHowTo.doc > > http://WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG > > http://WallStreet-LLC.com/canslim/CountBasesB4Buy.JPG > > http://WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG > > > > Ascending bases: > > http://WallStreet-LLC.com/canslim/AscendingBaseRally.JPG > > http://WallStreet-LLC.com/canslim/FindAscendingBases.doc > > http://WallStreet-LLC.com/canslim/BuyPointABase.doc > > > > In summary, there is no such thing as a "long term ascending base" as the concept confuses a healthy rising stock pattern over a > longer time period with the ascending base pattern, which is a particular kind of consolidation (>=6wks). > > > > CECO has been exhibiting the characteristics of a "healthy rising stock" and is currently forming a 3rd stage base. CECO is *not* > currently forming an ascending base. It is forming a very strange base on base (flat + C&H) as far as I can tell. I saw many odd > patterns like this at the September '01 low and many of the stocks were able to recover from the V shaped sell off, breakout and > move on. Many of the retailers, the gaming stocks, homebuilders, security related stocks and Aero & Defense come to mind. > > > > Katherine > > > > > > ----- Original Message ----- > From: Mike Gibbons > To: canslim@lists.xmission.com > Sent: Monday, August 12, 2002 10:20 PM > Subject: RE: [CANSLIM] XRAY and CECO > > > Hi Katherine, > > I just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 the topic "Ascending Base". The definition is somewhat > similar to what you describe:- "Ascending Bases, like flat bases, occur midway along a move up after a stock has broken out of a > cup-with-handle or double-bottom base. It has three pullbacks from 10% to 20% with each low point during the sell-of in price being > higher than the preceding, which is why I call it and ascending base. Each of the pullbacks usually ocurs due to the general market > declining at that time." > > Looking at your annotated chart, it would seem CECO fits this definition. It would also seem that the most recent pullback > coincided with the July selloff in the markets in agreement with the definition. > > Maybe CECO is one to watch. Any other views? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > -----Original Message----- > From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm > Sent: Monday, August 12, 2002 3:52 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] XRAY and CECO > > > HI Mike, > > I've noticed the term "long term ascending base" coming up in many posts lately, so thought I'd make comment on that concept. > > There's actually no such thing, as "ascending base" is a very particular kind of conolidation in the stock's move. In general, > a stock will rise, then pause (base), rise, then pause, rise, then pause, and so on. As long as the rise between consolidations is > at least 25%, the next area of consolidation is considered a new stage base. This is also the same reason that an LLUR is not a > base....it's a stock on the rise, though with low volatility. (Sorry, Tom, just a point on which we don't agree.) > > The base normally happens when the stock makes a new high, then falls and/or refuses to continue the up move for some period > of time. A flat base for example, moves essentially sideways for at least 5 wks, the C&H or cup without handle lasts for at least 7 > wks and sports a deeper correction as the stock retraces some of the previous move, etc. The ascending base is just an odd > consolidation in that it drifts upward, attempting to breakout 3 times. It's a subtle pattern that's hard to read, but shouldn't be > confused with a stock that is rising *between* consolidations. > > I've uploaded an example on the CECO chart that shows the base, move up, base, move up, etc. > http://WallStreet-LLC.com/canslim/CECO081202.jpg > > Please note that I marked the chart quickly, so the circled areas for the base are "general" and not exact for each base > formation. > > Katherine > ----- Original Message ----- > From: Mike Gibbons > To: canslim@lists.xmission.com > Sent: Monday, August 12, 2002 7:54 PM > Subject: [CANSLIM] XRAY and CECO > > > When I brought up XRAY last week, Winston observed that the longer term pattern was more like an ascending base. To my > surprize, the XRAY breakout hasn't failed yet, although it hasn't been strong either, and may be in the process of forming another > handle. > > I came across another stock today with similar chart characteristics to XRAY - now in the handle of a Cwh formation with > good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for v. high institutional > ownership - but the longer term pattern looks like an ascending base. > > The CwH pattern is not ideal with the cup too short and V-shaped, which I attribute to the market behavior in July, but > perhaps its on its way to resuming the long term ascending base pattern. > > Comments anyone? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: [CANSLIM] CECO Date: 13 Aug 2002 11:29:25 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0040_01C242BC.ADC30800 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Katherine, Shouldn't the base count be reset on CECO since the b/o from a flat base on 6/24 failed and the curent base undercuts the lows of the flat base. --Scott -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 13, 2002 8:19 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I can tell my response wasn't clear. Let me try again with some examples and articles. In general, it's important to distinguish between a "healthy rising stock" and a "base." On one hand, you will have a stock, like CECO, which has been rising over time. Each time is rises for a while, then it pauses to consolidate. That pause is the "base." Each time the stock reaches a new high and then consolidates, it will demonstrate its ability to absorb the gains from the previous rise of >=25%. That pattern that you see along the rising trend line is what you want to see in a stock. The problem is, after the stock has done this 3 or 4 times, it becomes well-known and obvious, and so it is rare that it can continue tracing out this same rising behavior for too much longer. What will normally happen is that the stock will often fail in the next breakout and/or correct so deeply that it undercuts the low of the previous base. That "resets the base count" and you then start over with counting bases, assuming of course, that the stock *can* recover. WON suggests that if the correction is more than 80% that the stock is too badly damaged that it may not recover in any reasonable time period. (IBM and WMT come to mind....look back at a 10 year chart of each of them and notice what happened after they corrected so deeply. They essentially went into years of sideways movement.) Sometimes a picture is worth a thousand words, so thought it easier to write up some notes. See notes on the "Healthy Rising Stock" at: http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG Now, far different than the healthy rising stock is the *type* of base that it forms while consolidating. There are many, though there are some that are more common, more reliable, and far easier to spot than others. I'd rank the ascending base as the most difficult to master. See my handwritten notes on types of bases at: http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Just to be complete, I've also uploaded quite a few resources related to both rising stocks (base counting) and ascending bases. I figured it was far easier to do that than to reinvent the wheel and describe the ascending base in detail. See them at: Counting bases: http://WallStreet-LLC.com/canslim/CountingBasesHowTo.doc http://WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG http://WallStreet-LLC.com/canslim/CountBasesB4Buy.JPG http://WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG Ascending bases: http://WallStreet-LLC.com/canslim/AscendingBaseRally.JPG http://WallStreet-LLC.com/canslim/FindAscendingBases.doc http://WallStreet-LLC.com/canslim/BuyPointABase.doc In summary, there is no such thing as a "long term ascending base" as the concept confuses a healthy rising stock pattern over a longer time period with the ascending base pattern, which is a particular kind of consolidation (>=6wks). CECO has been exhibiting the characteristics of a "healthy rising stock" and is currently forming a 3rd stage base. CECO is *not* currently forming an ascending base. It is forming a very strange base on base (flat + C&H) as far as I can tell. I saw many odd patterns like this at the September '01 low and many of the stocks were able to recover from the V shaped sell off, breakout and move on. Many of the retailers, the gaming stocks, homebuilders, security related stocks and Aero & Defense come to mind. Katherine ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 10:20 PM Subject: RE: [CANSLIM] XRAY and CECO Hi Katherine, I just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 the topic "Ascending Base". The definition is somewhat similar to what you describe:- "Ascending Bases, like flat bases, occur midway along a move up after a stock has broken out of a cup-with-handle or double-bottom base. It has three pullbacks from 10% to 20% with each low point during the sell-of in price being higher than the preceding, which is why I call it and ascending base. Each of the pullbacks usually ocurs due to the general market declining at that time." Looking at your annotated chart, it would seem CECO fits this definition. It would also seem that the most recent pullback coincided with the July selloff in the markets in agreement with the definition. Maybe CECO is one to watch. Any other views? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 3:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I've noticed the term "long term ascending base" coming up in many posts lately, so thought I'd make comment on that concept. There's actually no such thing, as "ascending base" is a very particular kind of conolidation in the stock's move. In general, a stock will rise, then pause (base), rise, then pause, rise, then pause, and so on. As long as the rise between consolidations is at least 25%, the next area of consolidation is considered a new stage base. This is also the same reason that an LLUR is not a base....it's a stock on the rise, though with low volatility. (Sorry, Tom, just a point on which we don't agree.) The base normally happens when the stock makes a new high, then falls and/or refuses to continue the up move for some period of time. A flat base for example, moves essentially sideways for at least 5 wks, the C&H or cup without handle lasts for at least 7 wks and sports a deeper correction as the stock retraces some of the previous move, etc. The ascending base is just an odd consolidation in that it drifts upward, attempting to breakout 3 times. It's a subtle pattern that's hard to read, but shouldn't be confused with a stock that is rising *between* consolidations. I've uploaded an example on the CECO chart that shows the base, move up, base, move up, etc. http://WallStreet-LLC.com/canslim/CECO081202.jpg Please note that I marked the chart quickly, so the circled areas for the base are "general" and not exact for each base formation. Katherine ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:54 PM Subject: [CANSLIM] XRAY and CECO When I brought up XRAY last week, Winston observed that the longer term pattern was more like an ascending base. To my surprize, the XRAY breakout hasn't failed yet, although it hasn't been strong either, and may be in the process of forming another handle. I came across another stock today with similar chart characteristics to XRAY - now in the handle of a Cwh formation with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for v. high institutional ownership - but the longer term pattern looks like an ascending base. The CwH pattern is not ideal with the cup too short and V-shaped, which I attribute to the market behavior in July, but perhaps its on its way to resuming the long term ascending base pattern. Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_0040_01C242BC.ADC30800 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Katherine,
 
Shouldn't the base count be reset on CECO = since the b/o=20 from a flat base on 6/24 failed and the curent base undercuts the lows = of the=20 flat base.
 
--Scott
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Tuesday, August 13, 2002 8:19 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY and=20 CECO

HI = Mike,

 

I can tell my response = wasn't=20 clear. Let me try again with some examples and = articles.

 

In general, it's = important to=20 distinguish between a "healthy rising stock" and a "base." On one = hand, you=20 will have a stock, like CECO, which has been rising over time. = Each time=20 is rises for a while, then it pauses to consolidate. That pause is the = "base."=20 Each time the stock reaches a new high and then consolidates, it will=20 demonstrate its ability to absorb the gains from the previous rise of=20 >=3D25%. That pattern that you see along the rising trend line is = what you=20 want to see in a stock. The problem is, after the stock has done this = 3 or 4=20 times, it becomes well-known and obvious, and so it is rare that it = can=20 continue tracing out this same rising behavior for too much longer. = What will=20 normally happen is that the stock will often fail in the next breakout = and/or=20 correct so deeply that it undercuts the low of the previous base. That = "resets=20 the base count" and you then start over with counting bases, assuming = of=20 course, that the stock *can* recover. WON suggests that if the = correction is=20 more than 80% that the stock is too badly damaged that it may not = recover in=20 any reasonable time period. (IBM and WMT come to mind....look back at = a 10=20 year chart of each of them and notice what happened after they = corrected so=20 deeply. They essentially went into years of sideways=20 movement.)

 

Sometimes a picture is = worth a=20 thousand words, so thought it easier to write up some notes. See notes = on the=20 "Healthy Rising Stock" at:

http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG

 

Now, far different than = the=20 healthy rising stock is the *type* of base that it forms while = consolidating.=20 There are many, though there are some that are more common, more = reliable, and=20 far easier to spot than others. I'd rank the ascending base as the = most=20 difficult to master. See my handwritten notes on types of bases = at:

http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG

 

Just to be complete, = I've also=20 uploaded quite a few resources related to both rising stocks (base=20 counting) and ascending bases. I figured it was far easier to do = that=20 than to reinvent the wheel and describe the ascending base in detail. = See them=20 at:

 

Counting = bases:

http://= WallStreet-LLC.com/canslim/CountingBasesHowTo.doc

http:/= /WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG

=

http://Wal= lStreet-LLC.com/canslim/CountBasesB4Buy.JPG

http://= WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG

 

Ascending = bases:

http://= WallStreet-LLC.com/canslim/AscendingBaseRally.JPG

http://= WallStreet-LLC.com/canslim/FindAscendingBases.doc

http://WallS= treet-LLC.com/canslim/BuyPointABase.doc

 

In summary, there is no = such=20 thing as a "long term ascending base" as the concept confuses a = healthy=20 rising stock pattern over a longer time period with the = ascending=20 base pattern, which is a particular kind of consolidation=20 (>=3D6wks). 

 

CECO has been = exhibiting the=20 characteristics of a "healthy rising stock" and is currently forming a = 3rd=20 stage base. CECO is *not* currently forming an ascending base. It = is=20 forming a very strange base on base (flat + C&H) as far as I can = tell. I=20 saw many odd patterns like this at the September '01 low and many = of the=20 stocks were able to recover from the V shaped sell off, breakout and = move on.=20 Many of the retailers, the gaming stocks, homebuilders, security = related=20 stocks and Aero & Defense come to mind.

 

Katherine

 

 

----- Original Message -----
From:=20 Mike Gibbons
Sent: Monday, August 12, 2002 = 10:20=20 PM
Subject: RE: [CANSLIM] XRAY = and=20 CECO

Hi Katherine,
 
I=20 just opened my brand new copy of HTMMIS v 3 and found on P. 137-138 = the=20 topic "Ascending Base". The definition is somewhat similar to what = you=20 describe:- "Ascending Bases, like flat bases, occur midway along a = move up=20 after a stock has broken out of a cup-with-handle or double-bottom = base. It=20 has three pullbacks from 10% to 20% with each low point during the = sell-of=20 in price being higher than the preceding, which is why I call it and = ascending base. Each of the pullbacks usually ocurs due to the = general=20 market declining at that time."
 
Looking at your annotated chart, it would seem CECO fits = this=20 definition. It would also seem that the most recent pullback = coincided with=20 the July selloff in the markets in agreement with the definition.=20
 
Maybe CECO is one to watch. Any other = views?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 12, 2002 3:52 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY = and=20 CECO

HI Mike,
 
I've noticed the term "long term ascending base" coming up in = many=20 posts lately, so thought I'd make comment on that concept.
 
There's actually no such thing, as "ascending base" is a very = particular kind of conolidation in the stock's move. In general, a = stock=20 will rise, then pause (base), rise, then pause, rise, then pause, = and so=20 on. As long as the rise between consolidations is at least 25%, = the next=20 area of consolidation is considered a new stage base. This is also = the=20 same reason that an LLUR is not a base....it's a stock on the = rise, though=20 with low volatility. (Sorry, Tom, just a point on which we don't=20 agree.)
 
The base normally happens when the stock makes a new high, = then falls=20 and/or refuses to continue the up move for some = period of=20 time. A flat base for example, moves essentially sideways for at = least 5=20 wks, the C&H or cup without handle lasts for at least 7 wks = and sports=20 a deeper correction as the stock retraces some of the previous = move, etc.=20 The ascending base is just an odd consolidation in that it drifts = upward,=20 attempting to breakout 3 times. It's a subtle pattern that's hard = to read,=20 but shouldn't be confused with a stock that is rising *between*=20 consolidations.
 
I've uploaded an example on the CECO chart that shows the = base, move=20 up, base, move up, etc.
http://WallStre= et-LLC.com/canslim/CECO081202.jpg
 
Please note that I marked the chart quickly, so the circled = areas for=20 the base are "general" and not exact for each base = formation.
 
Katherine
----- Original Message ----- =
From:=20 Mike=20 Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 7:54=20 PM
Subject: [CANSLIM] XRAY = and=20 CECO

When I brought up XRAY last week, = Winston=20 observed that the longer term pattern was more like an ascending = base.=20 To my surprize, the XRAY breakout hasn't failed yet, although it = hasn't=20 been strong either, and may be in the process of forming another = handle.
 
I came across another stock today = with similar=20 chart characteristics to XRAY - now in the handle of a Cwh = formation=20 with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the longer = term=20 pattern looks like an ascending base.
 
The CwH pattern is not ideal with the = cup too=20 short and V-shaped, which I attribute to the market behavior in = July,=20 but perhaps its on its way to resuming the long term ascending = base=20 pattern.
 
Comments anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
=
 
------=_NextPart_000_0040_01C242BC.ADC30800-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CECO Date: 13 Aug 2002 13:44:45 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0265_01C242CF.95812ED0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Hi Scott, No. The rule of undercutting the base is from the prior base *before* = the stock began it's 25%+ rise. In this case, imagine the V you see more = recently as part of the flat base which began 4/23. In other words, the = low you see on 7/22 never undercut the low of the previous base which = ran approx. Sept-Dec '01. Until the stock truly "fails" an area of = consolidation (and in this case it has not), you don't reset the base = count.* Another way to look at is, while the V you see in July is a = little scary, imagine what might've happened if the market had been = healthier at the time. Would CECO have continued to build the rest of = the flat base? Maybe. Would it have staged a break out with some oomph = behind it on 6/25? Maybe. What will happen next? Don't know. Could firm = up, finish the consolidation which began in April and break out for = good. OR....could fail from here. Can't tell until Mr. Market sings and = the price/volume tells the story. That's why it's imperative to wait for = a valid breakout before jumping in, it reduces the risk. I'll stick by my original assessment that what you see right now is an = odd base that began 4/23. Katherine * The idea behind "failing" an area of consolidation is that the gains = of the prior 25% advance have now been erased. That's why you look at = the low of the previous base for base count. ----- Original Message -----=20 From: Scott Gettis=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 13, 2002 1:29 PM Subject: [CANSLIM] CECO Katherine, Shouldn't the base count be reset on CECO since the b/o from a flat = base on 6/24 failed and the curent base undercuts the lows of the flat = base. --Scott -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 13, 2002 8:19 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I can tell my response wasn't clear. Let me try again with some = examples and articles. In general, it's important to distinguish between a "healthy rising = stock" and a "base." On one hand, you will have a stock, like CECO, = which has been rising over time. Each time is rises for a while, then it = pauses to consolidate. That pause is the "base." Each time the stock = reaches a new high and then consolidates, it will demonstrate its = ability to absorb the gains from the previous rise of >=3D25%. That = pattern that you see along the rising trend line is what you want to see = in a stock. The problem is, after the stock has done this 3 or 4 times, = it becomes well-known and obvious, and so it is rare that it can = continue tracing out this same rising behavior for too much longer. What = will normally happen is that the stock will often fail in the next = breakout and/or correct so deeply that it undercuts the low of the = previous base. That "resets the base count" and you then start over with = counting bases, assuming of course, that the stock *can* recover. WON = suggests that if the correction is more than 80% that the stock is too = badly damaged that it may not recover in any reasonable time period. = (IBM and WMT come to mind....look back at a 10 year chart of each of = them and notice what happened after they corrected so deeply. They = essentially went into years of sideways movement.) Sometimes a picture is worth a thousand words, so thought it easier = to write up some notes. See notes on the "Healthy Rising Stock" at: http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG Now, far different than the healthy rising stock is the *type* of = base that it forms while consolidating. There are many, though there are = some that are more common, more reliable, and far easier to spot than = others. I'd rank the ascending base as the most difficult to master. See = my handwritten notes on types of bases at: http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Just to be complete, I've also uploaded quite a few resources = related to both rising stocks (base counting) and ascending bases. I = figured it was far easier to do that than to reinvent the wheel and = describe the ascending base in detail. See them at: Counting bases: http://WallStreet-LLC.com/canslim/CountingBasesHowTo.doc http://WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG http://WallStreet-LLC.com/canslim/CountBasesB4Buy.JPG http://WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG Ascending bases: http://WallStreet-LLC.com/canslim/AscendingBaseRally.JPG http://WallStreet-LLC.com/canslim/FindAscendingBases.doc http://WallStreet-LLC.com/canslim/BuyPointABase.doc In summary, there is no such thing as a "long term ascending base" = as the concept confuses a healthy rising stock pattern over a longer = time period with the ascending base pattern, which is a particular kind = of consolidation (>=3D6wks).=20 CECO has been exhibiting the characteristics of a "healthy rising = stock" and is currently forming a 3rd stage base. CECO is *not* = currently forming an ascending base. It is forming a very strange base = on base (flat + C&H) as far as I can tell. I saw many odd patterns like = this at the September '01 low and many of the stocks were able to = recover from the V shaped sell off, breakout and move on. Many of the = retailers, the gaming stocks, homebuilders, security related stocks and = Aero & Defense come to mind. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 10:20 PM Subject: RE: [CANSLIM] XRAY and CECO Hi Katherine, I just opened my brand new copy of HTMMIS v 3 and found on P. = 137-138 the topic "Ascending Base". The definition is somewhat similar = to what you describe:- "Ascending Bases, like flat bases, occur midway = along a move up after a stock has broken out of a cup-with-handle or = double-bottom base. It has three pullbacks from 10% to 20% with each low = point during the sell-of in price being higher than the preceding, which = is why I call it and ascending base. Each of the pullbacks usually ocurs = due to the general market declining at that time." Looking at your annotated chart, it would seem CECO fits this = definition. It would also seem that the most recent pullback coincided = with the July selloff in the markets in agreement with the definition.=20 Maybe CECO is one to watch. Any other views? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 3:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I've noticed the term "long term ascending base" coming up in = many posts lately, so thought I'd make comment on that concept. There's actually no such thing, as "ascending base" is a very = particular kind of conolidation in the stock's move. In general, a stock = will rise, then pause (base), rise, then pause, rise, then pause, and so = on. As long as the rise between consolidations is at least 25%, the next = area of consolidation is considered a new stage base. This is also the = same reason that an LLUR is not a base....it's a stock on the rise, = though with low volatility. (Sorry, Tom, just a point on which we don't = agree.) The base normally happens when the stock makes a new high, then = falls and/or refuses to continue the up move for some period of time. A = flat base for example, moves essentially sideways for at least 5 wks, = the C&H or cup without handle lasts for at least 7 wks and sports a = deeper correction as the stock retraces some of the previous move, etc. = The ascending base is just an odd consolidation in that it drifts = upward, attempting to breakout 3 times. It's a subtle pattern that's = hard to read, but shouldn't be confused with a stock that is rising = *between* consolidations.=20 I've uploaded an example on the CECO chart that shows the base, = move up, base, move up, etc. http://WallStreet-LLC.com/canslim/CECO081202.jpg Please note that I marked the chart quickly, so the circled = areas for the base are "general" and not exact for each base formation. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:54 PM Subject: [CANSLIM] XRAY and CECO When I brought up XRAY last week, Winston observed that the = longer term pattern was more like an ascending base. To my surprize, the = XRAY breakout hasn't failed yet, although it hasn't been strong either, = and may be in the process of forming another handle. I came across another stock today with similar chart = characteristics to XRAY - now in the handle of a Cwh formation with good = CANSLIM characteristics = (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO) = except for v. high institutional ownership - but the longer term pattern = looks like an ascending base. The CwH pattern is not ideal with the cup too short and = V-shaped, which I attribute to the market behavior in July, but perhaps = its on its way to resuming the long term ascending base pattern.=20 Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_0265_01C242CF.95812ED0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Hi Scott,
 
No. The rule of undercutting the base is from the prior base = *before* the=20 stock began it's 25%+ rise. In this case, imagine the V you see more = recently as=20 part of the flat base which began 4/23. In other words, the low you see = on 7/22=20 never undercut the low of the previous base which ran approx. Sept-Dec = '01.=20 Until the stock truly "fails" an area of consolidation (and in this case = it has=20 not), you don't reset the base count.* Another way to look at is, while = the V=20 you see in July is a little scary, imagine what might've happened if the = market=20 had been healthier at the time. Would CECO have continued to build the = rest of=20 the flat base? Maybe. Would it have staged a break out with some oomph = behind it=20 on 6/25? Maybe. What will happen next? Don't know. Could firm up, finish = the=20 consolidation which began in April and break out for good. OR....could = fail from=20 here. Can't tell until Mr. Market sings and the price/volume tells the = story.=20 That's why it's imperative to wait for a valid breakout before jumping = in, it=20 reduces the risk.
 
I'll stick by my original assessment that what you see right now is = an=20 odd base that began 4/23.
 
Katherine
 
* The idea behind "failing" an area of consolidation is that the = gains of=20 the prior 25% advance have now been erased. That's why you look at the = low of=20 the previous base for base count.
----- Original Message -----
From:=20 Scott = Gettis=20
Sent: Tuesday, August 13, 2002 = 1:29=20 PM
Subject: [CANSLIM] CECO

Katherine,
 
Shouldn't the base count be reset on CECO = since the=20 b/o from a flat base on 6/24 failed and the curent base undercuts the = lows of=20 the flat base.
 
--Scott
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Tuesday, August 13, 2002 8:19 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY and = CECO

HI = Mike,

 

I can tell my = response wasn't=20 clear. Let me try again with some examples and = articles.

 

In general, it's = important to=20 distinguish between a "healthy rising stock" and a "base." On one = hand, you=20 will have a stock, like CECO, which has been rising over time. = Each=20 time is rises for a while, then it pauses to consolidate. That pause = is the=20 "base." Each time the stock reaches a new high and then = consolidates, it=20 will demonstrate its ability to absorb the gains from the previous = rise of=20 >=3D25%. That pattern that you see along the rising trend line is = what you=20 want to see in a stock. The problem is, after the stock has done = this 3 or 4=20 times, it becomes well-known and obvious, and so it is rare that it = can=20 continue tracing out this same rising behavior for too much longer. = What=20 will normally happen is that the stock will often fail in the next = breakout=20 and/or correct so deeply that it undercuts the low of the previous = base.=20 That "resets the base count" and you then start over with counting = bases,=20 assuming of course, that the stock *can* recover. WON suggests that = if the=20 correction is more than 80% that the stock is too badly damaged that = it may=20 not recover in any reasonable time period. (IBM and WMT come to = mind....look=20 back at a 10 year chart of each of them and notice what happened = after they=20 corrected so deeply. They essentially went into years of sideways=20 movement.)

 

Sometimes a picture = is worth a=20 thousand words, so thought it easier to write up some notes. See = notes on=20 the "Healthy Rising Stock" at:

http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG

 

Now, far different = than the=20 healthy rising stock is the *type* of base that it forms while=20 consolidating. There are many, though there are some that are more = common,=20 more reliable, and far easier to spot than others. I'd rank the = ascending=20 base as the most difficult to master. See my handwritten notes on = types of=20 bases at:

http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG

 

Just to be complete, = I've also=20 uploaded quite a few resources related to both rising stocks (base=20 counting) and ascending bases. I figured it was far easier to = do that=20 than to reinvent the wheel and describe the ascending base in = detail. See=20 them at:

 

Counting=20 bases:

http://= WallStreet-LLC.com/canslim/CountingBasesHowTo.doc

http:/= /WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG

=

http://Wal= lStreet-LLC.com/canslim/CountBasesB4Buy.JPG

http://= WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG

 

Ascending = bases:

http://= WallStreet-LLC.com/canslim/AscendingBaseRally.JPG

http://= WallStreet-LLC.com/canslim/FindAscendingBases.doc

http://WallS= treet-LLC.com/canslim/BuyPointABase.doc

 

In summary, there is = no such=20 thing as a "long term ascending base" as the concept confuses a = healthy=20 rising stock pattern over a longer time period with the = ascending=20 base pattern, which is a particular kind of consolidation=20 (>=3D6wks). 

 

CECO has been = exhibiting the=20 characteristics of a "healthy rising stock" and is currently forming = a 3rd=20 stage base. CECO is *not* currently forming an ascending base. = It is=20 forming a very strange base on base (flat + C&H) as far as I can = tell. I=20 saw many odd patterns like this at the September '01 low and = many of=20 the stocks were able to recover from the V shaped sell off, breakout = and=20 move on. Many of the retailers, the gaming stocks, homebuilders, = security=20 related stocks and Aero & Defense come to mind.

 

Katherine

 

 

----- Original Message ----- =
From:=20 Mike Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 10:20=20 PM
Subject: RE: [CANSLIM] XRAY = and=20 CECO

Hi Katherine,
 
I just opened my brand new copy of HTMMIS v 3 and found = on P.=20 137-138 the topic "Ascending Base". The definition is somewhat = similar to=20 what you describe:- "Ascending Bases, like flat bases, occur = midway along=20 a move up after a stock has broken out of a cup-with-handle or=20 double-bottom base. It has three pullbacks from 10% to 20% with = each low=20 point during the sell-of in price being higher than the preceding, = which=20 is why I call it and ascending base. Each of the pullbacks usually = ocurs=20 due to the general market declining at that = time."
 
Looking at your annotated chart, it would seem CECO fits = this=20 definition. It would also seem that the most recent pullback = coincided=20 with the July selloff in the markets in agreement with the = definition.=20
 
Maybe CECO is one to watch. Any other = views?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 12, 2002 3:52 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY = and=20 CECO

HI Mike,
 
I've noticed the term "long term ascending base" coming up = in many=20 posts lately, so thought I'd make comment on that concept.
 
There's actually no such thing, as "ascending base" is a = very=20 particular kind of conolidation in the stock's move. In general, = a stock=20 will rise, then pause (base), rise, then pause, rise, then = pause, and so=20 on. As long as the rise between consolidations is at least 25%, = the next=20 area of consolidation is considered a new stage base. This is = also the=20 same reason that an LLUR is not a base....it's a stock on the = rise,=20 though with low volatility. (Sorry, Tom, just a point on which = we don't=20 agree.)
 
The base normally happens when the stock makes a new high, = then=20 falls and/or refuses to continue the up = move for some=20 period of time. A flat base for example, moves essentially = sideways for=20 at least 5 wks, the C&H or cup without handle lasts for at = least 7=20 wks and sports a deeper correction as the stock retraces some of = the=20 previous move, etc. The ascending base is just an odd = consolidation in=20 that it drifts upward, attempting to breakout 3 times. It's a = subtle=20 pattern that's hard to read, but shouldn't be confused with a = stock that=20 is rising *between* consolidations.
 
I've uploaded an example on the CECO chart that shows the = base,=20 move up, base, move up, etc.
http://WallStre= et-LLC.com/canslim/CECO081202.jpg
 
Please note that I marked the chart quickly, so the circled = areas=20 for the base are "general" and not exact for each base = formation.
 
Katherine
----- Original Message ----- =
From:=20 Mike=20 Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August = 12, 2002=20 7:54 PM
Subject: [CANSLIM] XRAY = and=20 CECO

When I brought up XRAY last week, = Winston=20 observed that the longer term pattern was more like an = ascending base.=20 To my surprize, the XRAY breakout hasn't failed yet, although = it=20 hasn't been strong either, and may be in the process of = forming=20 another handle.
 
I came across another stock today = with=20 similar chart characteristics to XRAY - now in the handle of a = Cwh=20 formation with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the = longer term=20 pattern looks like an ascending base.
 
The CwH pattern is not ideal with = the cup too=20 short and V-shaped, which I attribute to the market behavior = in July,=20 but perhaps its on its way to resuming the long term ascending = base=20 pattern.
 
Comments = anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
=
 
------=_NextPart_000_0265_01C242CF.95812ED0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] what the fed said Date: 13 Aug 2002 12:48:45 -0600 This was the excerpt Briefing had from the Fed announcement - "The softening in the growth of aggregate demand that emerged this spring has been prolonged in large measure by weakness in financial markets and heightened uncertainty related to problems in corporate reporting and governance. The current accommodative stance of monetary policy, coupled with still-robust underlying growth in productivity, should be sufficient to foster an improving business climate over time. Nonetheless, the Committee recognizes that, for the foreseeable future, against the background of its long run goals of price stability and sustainable economic growth and of the information currently available, the risks are weighted mainly toward conditions that may generate economic weakness.".... - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 13 Aug 2002 13:52:14 -0500 Hi jans, That's my understanding as well. Can't recall if WON uses the term "churning" at the lows or not, but either way, I've read quite a few articles that indicate that may very well be a sign that the stock is refusing to go any lower. It's the clinical opposite of churning at the highs, were continued activity indicates that there are plenty of sellers to match any eager new buyers. Another good sign of bottoming is a "tail up", where you have a large range day around the bottom on high volume, with price closing near the top of the range. There are plenty of those examples at the September and July lows. (And by the way, the same "tail down" will often occur at a top, often times in conjunction with a climax top.) I think in general, that if you were to get in the habit of taking every chart and turning it upside down, you'd see the patterns to the upside and the downside are identical. Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 9:50 AM | Katherine: | | Couldn't "churning" also identify a stock which has been weak (ie. in a downtrend), but then does not make any more headway down-and does this on heavy volume. Wouldn't this indicate the end of the downtrend (or at least-the beginning of a consolidation, perhaps leading to the stock garnering strength?). | | Moreover, as distribution (as you pointed out) is likely at the top (as indicated by the hi volume and stalling); wouldn't accumulation be likely at the churning point in the downtrend (ie. since the stock is not falling anymore and it is not doing it on hi volume-wouln't this signify that someone is buying up all the stock that someone else is selling) | | I bring up this question because I'm not sure of the answer. I thought WON has said (or perhaps it was in an IBD Investors Corner article) that "churning" can take place on the upside (to indicate future weakness) or on the downside (to indicate future strength). | | In any event, what is your experience or observation or comments and conclusions on my churning conundrum. | | | jans | | | In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time, kmalm@earthlink.net writes: | | > Long story short, churning/stalling is in reference to action *after* a | > stock or index has been rising, nears its highs, then starts acting odd. | > That is, large volume is no longer accompanied by significant upward price | > movement. In that sense, it is subtle distribution and is a | > sign that the | > stock may be topping and/or beginning a consolidating period | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: -Fw: [CANSLIM] cup-without-handle; "tightness" questions Date: 13 Aug 2002 14:06:31 -0500 Hi jans, Just read through my response again and realized I'd chosen my words badly. In the last paragraph, I was referring the "collective you" and not "you" personally. Sorry about that! Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 1:52 PM | Hi jans, | | That's my understanding as well. Can't recall if WON uses the term | "churning" at the lows or not, but either way, I've read quite a few | articles that indicate that may very well be a sign that the stock is | refusing to go any lower. It's the clinical opposite of churning at the | highs, were continued activity indicates that there are plenty of sellers to | match any eager new buyers. Another good sign of bottoming is a "tail up", | where you have a large range day around the bottom on high volume, with | price closing near the top of the range. There are plenty of those examples | at the September and July lows. (And by the way, the same "tail down" will | often occur at a top, often times in conjunction with a climax top.) | | I think in general, that if you were to get in the habit of taking every | chart and turning it upside down, you'd see the patterns to the upside and | the downside are identical. | | Katherine | | ----- Original Message ----- | From: | To: | Sent: Tuesday, August 13, 2002 9:50 AM | Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions | | | | Katherine: | | | | Couldn't "churning" also identify a stock which has been weak (ie. in | a downtrend), but then does not make any more headway down-and does this on | heavy volume. Wouldn't this indicate the end of the downtrend (or at | least-the beginning of a consolidation, perhaps leading to the stock | garnering strength?). | | | | Moreover, as distribution (as you pointed out) is likely at the top | (as indicated by the hi volume and stalling); wouldn't accumulation be | likely at the churning point in the downtrend (ie. since the stock is not | falling anymore and it is not doing it on hi volume-wouln't this signify | that someone is buying up all the stock that someone else is selling) | | | | I bring up this question because I'm not sure of the answer. I | thought WON has said (or perhaps it was in an IBD Investors Corner article) | that "churning" can take place on the upside (to indicate future weakness) | or on the downside (to indicate future strength). | | | | In any event, what is your experience or observation or comments and | conclusions on my churning conundrum. | | | | | | jans | | | | | | In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time, | kmalm@earthlink.net writes: | | | | > Long story short, churning/stalling is in reference to action *after* a | | > stock or index has been rising, nears its highs, then starts acting odd. | | > That is, large volume is no longer accompanied by significant upward | price | | > movement. In that sense, it is subtle distribution and is a | | > sign that the | | > stock may be topping and/or beginning a consolidating period | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 13:18:04 -0700 A caution here, it's good to keep in mind that trailing PE ratios at least are "real," while projected PE ratios are only as good as the earnings forecasts and can be way off, especially beyond the current quarter and FY. This risk is reduced somewhat for older/larger companies that have a history of making or exceeding the quarterly earnings forecasts, so called "positive surprises." That said, I consider both trailing and projected PEs in my stock selection. > > And that's why looking at trailing PE ratios is a waste of time, they are > merely history, no one is likely to react to them. On the other hand, > forecasts / projected PE ratios can create a sense of expectation, hence > drive the price to where the stock trades at a premium based on that > expectation. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] New Management - Doesn't it always follow a Top Exec's departure Date: 13 Aug 2002 15:23:54 -0500 A question for the group- WON says to look for companies that have new = management. However, many group members see the departure of a top exec = as a red flag (i.e. CFO). But, wouldn't the addition of a new management = member almost always follow the departure of a management member? Where = do you draw the line? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] New Management - Doesn't it always follow a Top Exec's departure Date: 13 Aug 2002 15:53:58 -0500 Kelly, Your comment makes perfect sense....can't bring in the new unless you oust the old. However, once a CFO or CEO is let go, either for financial shenanigans or poor strategy execution, it takes some time for the new CEO/CFO to clean house, design and implement a strategy, and then execute and get results. Generally you'll see this in the charts. I seem to remember ATN going through this process in the last couple of years. Pull up a longer term chart and look at the rise and fall and then rise. Take a look at the significant developments and then note the timing of the new CEO and the chart. Generally, you'll see a lag. (ATN has had a good couple of years, but is working on a consolidation right now.) Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 3:23 PM departure A question for the group- WON says to look for companies that have new management. However, many group members see the departure of a top exec as a red flag (i.e. CFO). But, wouldn't the addition of a new management member almost always follow the departure of a management member? Where do you draw the line? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill King" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 13 Aug 2002 17:02:07 -0400 Hi Katherine, Thanks for the annotated chart. You indicated the pivot point was 43.65 + .1 with a potential handle. Although it's accidemic after the break out on 8/12, why wouldn't the pivot point have been 44.55 back on 5/1? Bill K. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:32 AM Hi Mike, WTW didn't have the smoothest base, but it was a 12 week base nonetheless. That's not unusual given the gyrations of the market as it's been groping for this latest bottom. So that you can see my personal take on it, I've annotated the chart at: http://WallStreet-LLC.com/canslim/WTW081302.jpg Gene noted that WTW is also featured in IBD's weblink today. They have also annotated a chart, so you can see their interpretation at: http://www.investors.com/weblink/ Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 8:50 AM Katherine, Can you expound on the statement that WTW broke out? In looking at the chart, I can sorta see a v shaped cwh, but in the handle, the volume did NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] Which One Is Better - Updated ission.com 08/12/2002 08:02 PM Please respond to canslim You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW = 96 TOL = 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect® Composite Rating that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect® Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect® Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect® Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect® Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 13 Aug 2002 16:14:39 -0500 Hi Bill, Actually, your error is one that I made frequently when I first started reading charts. When looking at formations like this, you don't want to use the points on the way down the left side of the consolidation as your pivots, instead, you want to watch the *right* side of the consolidation form, then pay attention to the last spot where up action turns to down action on fading volume. That's the sign the "shakeout" is occurring. Normally this happens just *below* the high action on the left side of the consolidation, and as long as it's in the upper half of the base, it's valid. In the case of WTW, that pause and fade to form the handle began on 7/31 and therefore defines the pivot point. You might take a look at the notes I uploaded on base formations in this morning's CECO post. It shows where the pivots are in each example base. http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 4:02 PM | Hi Katherine, | Thanks for the annotated chart. You indicated the pivot point was 43.65 + .1 | with a potential handle. Although it's accidemic after the break out on | 8/12, why wouldn't the pivot point have been 44.55 back on 5/1? | | Bill K. | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Tuesday, August 13, 2002 10:32 AM | Subject: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) | | | Hi Mike, | | WTW didn't have the smoothest base, but it was a 12 week base nonetheless. | That's not unusual given the gyrations of the market as it's been groping | for this latest bottom. So that you can see my personal take on it, I've | annotated the chart at: | | http://WallStreet-LLC.com/canslim/WTW081302.jpg | | | Gene noted that WTW is also featured in IBD's weblink today. They have also | annotated a chart, so you can see their interpretation at: | | http://www.investors.com/weblink/ | | Katherine | | ----- Original Message ----- | From: | To: | Sent: Tuesday, August 13, 2002 8:50 AM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | | | Katherine, | | Can you expound on the statement that WTW broke out? In looking at the | chart, I can sorta see a v shaped cwh, but in the handle, the volume did | NOT dry up.....what would you say the pivot point was? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: | canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] | Which One Is Better - Updated | ission.com | | | 08/12/2002 08:02 PM | Please respond to | canslim | | | | | | | You know, I have a simple solution for this kind of dilemma....don't use | the numbers. | | I know it's tempting to use a number like this, as it seems to "tell you | everything" about the stock. But I think once you summarize summary | numbers, you're asking for trouble. I rank the composite score as "mildly | useful." | | Here's an example. I'll select a couple of stocks that have come up for | discussion here in the last few months: WTW and TOL. | | Scores? | WTW = 96 | TOL = 95 | | Yet, look at the charts. WTW broke out today, TOL is rolling over and | playing dead. Doesn't sound like a score of 95/96 "tells" me everything I | need to know about the stocks. | | Katherine | ----- Original Message ----- | From: Gene Ricci | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 7:41 PM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | Arghhh! | Same definition | Same data base | Same company | different numbers! | ----- Original Message ----- | From: Bill Triffet | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 6:58 PM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | Either way, it appears that the IBD data paints a prettier picture of the | stocks. | | -Bill | | ----- Original Message ----- | From: "Gene Ricci" | To: | Sent: Monday, August 12, 2002 4:50 PM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | | I just had today's update figures for DGO sent to me. | The 3 columns are 8/9 DGO data | 8/12 IBD readings 30 minutes ago | 8/12 DGO just received today's download | | | Hi Katherine, I hadn't checked today and after reading your note, I | 'thought' I was in error. | | However, I just went and checked several stocks: | 8/9 8/12 8/12 | DGO IBD DGO | AAON 85 86 83 | AIR 38 55 32 | ABCB 89 90 90 | ABM 77 85 75 | ABN 58 67 58 | ACE 69 86 71 | ACMR 92 95 92 | AES 24 30 25 | AFCE 72 79 74 | AFL 92 95 91 | | | The first ten (10) I checked showed different numbers. | | My question still stands, which one is better? | | Gene | | | | ----- Original Message ----- | From: Katherine Malm | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 5:47 PM | Subject: Re: [CANSLIM] Which One Is Better | | | Hi Gene, | | There seems to be conflicting information on this...See DGO's reply to my | recent inquiry (7/31) about the very same thing: | | | | | Hi Katherine, | | Thank you for your recent email to Daily Graphs Online. | | I apologize, but the recent additions to our services have not yet been | reflected in our Image Maps resource. We plan on making the update soon. | TO address your question, I would like to confirm that the Composite | Rating | you see on our service is the same SmartSelect® Composite Rating that is | provided by the Investor's Business Daily and investors.com. | | Please write back if you have any questions or need assistance. | | Best regards, | Dan | Daily Graphs Online | www.dailygraphs.com | | ----- Original Message ----- | From: Gene Ricci | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 4:06 PM | Subject: [CANSLIM] Which One Is Better | | | Let's see, IBD provides an Overall Rating and now DGO provides a Composite | Rating. Has anyone determined which one is better? | | Gene | | The new SmartSelect® Composite Rating in Investor's Business Daily and | the Stock Checkup Overall Rating found on investors.com are based on | different formulas. | | The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings | into one easy-to-use rating. More weight is placed on EPS and RS | Rating, and the stock's percent off its 52-week high is also included in | the formula. Results are then compared to all other companies, and each | company is assigned a rating from 1-99 with 99 being the best. This | rating is designed to help you get a quick feel for how a company's | SmartSelect® Ratings compare to all other stocks in our database. This | is intended to be an additional tool to help you find the stocks with | the highest SmartSelect® Ratings, quickly and easily. | | The Overall Rating in the Stock Checkup is determined by a proprietary | formula incorporating all five of the Stock Checkup ratings. These are | the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's | Technical Rating and Group's Fundamental Rating. The Stock Checkup uses | over 30 different variables including all the SmartSelect® Ratings to | calculate the Overall Rating. When using the Stock Checkup, focus not | only on the Overall Rating but all 6 of the Checkup Ratings. Also study | how the stock compares to its group within the individual Checkup | Ratings. | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: [CANSLIM] PETM - base counting Date: 13 Aug 2002 14:23:31 -0700 just since we're talking about base counting, I wanted to discuss a current example. This is my take: Base 1 - Double BOTTOM (Dec 99 - March 01) - Boy is that symmetrical! Base 2 - V-shaped CUP (sep 01 - nov 01)- who ever said they could not work? Base 3 - Current Consolidation Thanks, Scott - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill King" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 13 Aug 2002 18:06:08 -0400 Thanks Katherine, the pictures and your explaination helped (don't they always!!). Assume similar thought process would apply to a flat base. Bill K. ----- Original Message ----- Sent: Tuesday, August 13, 2002 5:14 PM Hi Bill, Actually, your error is one that I made frequently when I first started reading charts. When looking at formations like this, you don't want to use the points on the way down the left side of the consolidation as your pivots, instead, you want to watch the *right* side of the consolidation form, then pay attention to the last spot where up action turns to down action on fading volume. That's the sign the "shakeout" is occurring. Normally this happens just *below* the high action on the left side of the consolidation, and as long as it's in the upper half of the base, it's valid. In the case of WTW, that pause and fade to form the handle began on 7/31 and therefore defines the pivot point. You might take a look at the notes I uploaded on base formations in this morning's CECO post. It shows where the pivots are in each example base. http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 4:02 PM | Hi Katherine, | Thanks for the annotated chart. You indicated the pivot point was 43.65 + .1 | with a potential handle. Although it's accidemic after the break out on | 8/12, why wouldn't the pivot point have been 44.55 back on 5/1? | | Bill K. | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Tuesday, August 13, 2002 10:32 AM | Subject: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) | | | Hi Mike, | | WTW didn't have the smoothest base, but it was a 12 week base nonetheless. | That's not unusual given the gyrations of the market as it's been groping | for this latest bottom. So that you can see my personal take on it, I've | annotated the chart at: | | http://WallStreet-LLC.com/canslim/WTW081302.jpg | | | Gene noted that WTW is also featured in IBD's weblink today. They have also | annotated a chart, so you can see their interpretation at: | | http://www.investors.com/weblink/ | | Katherine | | ----- Original Message ----- | From: | To: | Sent: Tuesday, August 13, 2002 8:50 AM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | | | Katherine, | | Can you expound on the statement that WTW broke out? In looking at the | chart, I can sorta see a v shaped cwh, but in the handle, the volume did | NOT dry up.....what would you say the pivot point was? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: | canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] | Which One Is Better - Updated | ission.com | | | 08/12/2002 08:02 PM | Please respond to | canslim | | | | | | | You know, I have a simple solution for this kind of dilemma....don't use | the numbers. | | I know it's tempting to use a number like this, as it seems to "tell you | everything" about the stock. But I think once you summarize summary | numbers, you're asking for trouble. I rank the composite score as "mildly | useful." | | Here's an example. I'll select a couple of stocks that have come up for | discussion here in the last few months: WTW and TOL. | | Scores? | WTW = 96 | TOL = 95 | | Yet, look at the charts. WTW broke out today, TOL is rolling over and | playing dead. Doesn't sound like a score of 95/96 "tells" me everything I | need to know about the stocks. | | Katherine | ----- Original Message ----- | From: Gene Ricci | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 7:41 PM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | Arghhh! | Same definition | Same data base | Same company | different numbers! | ----- Original Message ----- | From: Bill Triffet | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 6:58 PM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | Either way, it appears that the IBD data paints a prettier picture of the | stocks. | | -Bill | | ----- Original Message ----- | From: "Gene Ricci" | To: | Sent: Monday, August 12, 2002 4:50 PM | Subject: Re: [CANSLIM] Which One Is Better - Updated | | | I just had today's update figures for DGO sent to me. | The 3 columns are 8/9 DGO data | 8/12 IBD readings 30 minutes ago | 8/12 DGO just received today's download | | | Hi Katherine, I hadn't checked today and after reading your note, I | 'thought' I was in error. | | However, I just went and checked several stocks: | 8/9 8/12 8/12 | DGO IBD DGO | AAON 85 86 83 | AIR 38 55 32 | ABCB 89 90 90 | ABM 77 85 75 | ABN 58 67 58 | ACE 69 86 71 | ACMR 92 95 92 | AES 24 30 25 | AFCE 72 79 74 | AFL 92 95 91 | | | The first ten (10) I checked showed different numbers. | | My question still stands, which one is better? | | Gene | | | | ----- Original Message ----- | From: Katherine Malm | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 5:47 PM | Subject: Re: [CANSLIM] Which One Is Better | | | Hi Gene, | | There seems to be conflicting information on this...See DGO's reply to my | recent inquiry (7/31) about the very same thing: | | | | | Hi Katherine, | | Thank you for your recent email to Daily Graphs Online. | | I apologize, but the recent additions to our services have not yet been | reflected in our Image Maps resource. We plan on making the update soon. | TO address your question, I would like to confirm that the Composite | Rating | you see on our service is the same SmartSelect® Composite Rating that is | provided by the Investor's Business Daily and investors.com. | | Please write back if you have any questions or need assistance. | | Best regards, | Dan | Daily Graphs Online | www.dailygraphs.com | | ----- Original Message ----- | From: Gene Ricci | To: canslim@lists.xmission.com | Sent: Monday, August 12, 2002 4:06 PM | Subject: [CANSLIM] Which One Is Better | | | Let's see, IBD provides an Overall Rating and now DGO provides a Composite | Rating. Has anyone determined which one is better? | | Gene | | The new SmartSelect® Composite Rating in Investor's Business Daily and | the Stock Checkup Overall Rating found on investors.com are based on | different formulas. | | The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings | into one easy-to-use rating. More weight is placed on EPS and RS | Rating, and the stock's percent off its 52-week high is also included in | the formula. Results are then compared to all other companies, and each | company is assigned a rating from 1-99 with 99 being the best. This | rating is designed to help you get a quick feel for how a company's | SmartSelect® Ratings compare to all other stocks in our database. This | is intended to be an additional tool to help you find the stocks with | the highest SmartSelect® Ratings, quickly and easily. | | The Overall Rating in the Stock Checkup is determined by a proprietary | formula incorporating all five of the Stock Checkup ratings. These are | the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's | Technical Rating and Group's Fundamental Rating. The Stock Checkup uses | over 30 different variables including all the SmartSelect® Ratings to | calculate the Overall Rating. When using the Stock Checkup, focus not | only on the Overall Rating but all 6 of the Checkup Ratings. Also study | how the stock compares to its group within the individual Checkup | Ratings. | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 18:16:52 -0700 ------=_NextPart_001_0000_01C242F5.9917F4E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I know - our moments of feeling good are limited when your new-huh! It l= aid out a format for me that I could understand, kind of like mikes cwhan= dle chart. No one said a lot was missing, so Im using it for a reference= right now with your permission. Glad you had a smile-Nancy =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:02 AM section) =20 Nancy, Believe me when I tell you that your words of thanks are misdirected! The= true Pearls of Wisdom came from several group members- but none of them = by the name of Kelly. I too was the recipient, not sender, of such wisdom= . I believe Winston expelled most of these pearls and I too would like to= know where he would get such information to answer Question #4. So- not = to pass the buck- but..... Winston???? Any other Pearls hiding beneath th= e shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. Squad? And Nancy- thank you for the praise! It felt great if only for a fleeting= moment! Kelly -----Original Message----- Sent: Monday, August 12, 2002 6:57 PM dissection) Kelly-catching up on myt mail also-I thought your presentation was really= =20 good-I wish I was that far right now. Can you tell me where you got your= =20 info? IBD? Daily Graphs? Other source? Thanks nancy >From: "Duke Miller" >Reply-To: canslim@lists.xmission.com >To: >Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for =20 >dissection) >Date: Sun, 11 Aug 2002 09:33:54 -0400 > >Winston, et al: > >I'm catching up with my backlog of CANSLIM list messages, and a thought >just occurred to me after reading Winston's reply to Kelly below. (Sans >header I would have surely assumed it was Katherine's response!) > >Your point #4 is a true Pearl of Wisdom--I.e., it provokes further >thought, and is what I call an "a-ha". The reason? How bombarded we >are with information and desktops riddled with shortcuts to investment >net "tools." But when it's all said and done--technicals, >fundamentals, charts, ratings, etc.--spending time in thought about how >will the rest of the market...react to the point or issue and how >soon--is what it's all about, isn't it? You can't measure it, you can >accurately predict it, can't touch it, can't feel it. But if the >response to that question is not, albeit in you gut, positive, you >shouldn't touch it, should you? > >Thank you for that. > >Duke > > > -----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little >Sent: Friday, August 09, 2002 12:15 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >My hope is that the note was of some help, but please keep the following >in mind: >1. The goal is neither to whip or throw you back into the pond. >2. ALWAYS QUESTION anything that is said or stated.... do you agree with >the point or issue stated or asked? >3. If you agree with the point, then is what is the significance of the >point or issue? The point may be true but of little value. >4. How will the rest of the market traders/investors/or others react to >the point or issue, and how soon? >Depending on the results of the evaluate the points above (or others), >you may then want to respond and show the other person a different >perspective. > > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Friday, August 09, 2002 11:22 AM >Subject: RE: [CANSLIM] CCR - I offer this up for dissection > >Winston, > >You give me new understanding of DD. After reading your email I whip >myself for not investigating further before posting. Back to the newbie >pond for me. I feel like those Snakehead fish in Maryland- so close to >making it from the pond to the big river, then the big bad human ("M") >comes and throws me back in the pond. Thanks for your observations- I'll >keep hacking away. > >Kelly > -----Original Message----- >From: Winston Little [mailto:wlittle1@peoplepc.com] >Sent: Thursday, August 08, 2002 4:31 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >A few comments: >1. Chart pattern: >If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup >which is not ideal. >2. Handle is 2 days long (minimum desired is five days) on 03 and 05 >Aug. >3. Heavy volume in handle (again undesirable) >4. Breakout volume on 06 Aug was 166% of average daily =3D ok. >5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the >top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception >was the government sponsored agency FRE (Freddie Mac) at 31. >6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 >million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 >in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was >highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may >be a re-statement in the works as day of reckoning approaches for CEO >and CFO? >CCR is believed to be a sub-prime lender. Does this mean difficulty as >the slow economy persists and consumers start to run out of cash? > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Thursday, August 08, 2002 4:50 PM >Subject: [CANSLIM] CCR - I offer this up for dissection > >CCR - Countrywide Cr Inds Inc > >EPS growth could be better but are we more forgiving over the past 3 >qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in >itself is an accomplishment)? Appears to be coming out of CWH formation >(all though not as beautiful a formation as the Mona Lisa or anything >IBD would show us). Thoughts? > > >IBD Ratings >Smart Select 99 >EPS Rating 94 >RPS 89 >Industry Group Rank A >S+P M+ROE A >A/D A+ > > >Technical Rating 98 >Fundamental Rating 96 >Attractiveness Rating 99 >Group's Technical Rating 79 >Group's Fundamental Rating 86 > > > >Rank within Industry Group >Industry Rank (08/08/02) 32 > >Overall 100 >Technical 100 >Fundamental 91 >Attriveness 100 >Top 5 Companies w/in Group > > > >CCR > > > >DORL > > > >NCEN > > > >NDE > > > >FRE >Group % Chg to Date 2% >Group % Chg Last 12 mths 4% >Group % Chg Last 4 weeks 4% > > >Performance > >Up/Down Vol 1.3 >3 Yr. EPS Growth 16% >3 Yr. Sales Growth 25% >EPS Growth (Quarterly) % Chg >Qtr -1 $0.64 5% >Qtr -2 $0.61 8% >Qtr -3 $0.56 5% >Qtr -4 $0.53 8% >Qtr -5 $0.49 0% >Qtr -6 $0.49 > >Revenue Growth >Qtr -1 293,159 3% >Qtr -2 285,799 1% >Qtr -3 283,199 1% >Qtr -4 281,332 3% >Qtr -5 272,860 0% >Qtr -6 272,489 > > _____ > >For your protection, this e-mail message has been scanned for viruses. > >Visit us at http://www.neoris.com/ > > _____ > > > > _________________________________________________________________ Join the world's largest e-mail service with MSN Hotmail. =20 http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0000_01C242F5.9917F4E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I know - our m= oments of feeling good are limited when your new-huh!  It laid out a= format for me that I could understand, kind of like mikes cwhandle chart= .  No one said a lot was missing, so Im using it for a reference rig= ht now with your permission.   Glad you had a smile-Nancy<= /DIV>
 
----- Original Message -----
F= rom: Kelly Short
Sent: T= uesday, August 13, 2002 7:02 AM
= Subject: RE: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up = for dissection)
 
Nancy,

Believe me when I te= ll you that your words of thanks are misdirected! The true Pearls of Wisd= om came from several group members- but none of them by the name of Kelly= . I too was the recipient, not sender, of such wisdom. I believe Winston = expelled most of these pearls and I too would like to know where he would= get such information to answer Question #4. So- not to pass the buck- bu= t..... Winston???? Any other Pearls hiding beneath the shell? Katherine? = Fred? Duke? Tom? The rest of the M.O.B. Squad?

And Nancy- thank yo= u for the praise! It felt great if only for a fleeting moment!

Kel= ly

-----Original Message-----
From: NANCY POLCARO []
Sent: M= onday, August 12, 2002 6:57 PM
To: canslim@lists.xmission.com
Subje= ct: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for
disse= ction)


Kelly-catching up on myt mail also-I thought your prese= ntation was really
good-I wish I was that far right now.  Can yo= u tell me where you got your
info? IBD? Daily Graphs?  Other sou= rce? Thanks nancy


>From: "Duke Miller" <dukemill@tampaba= y.rr.com>
>Reply-To: canslim@lists.xmission.com
>To: <c= anslim@lists.xmission.com>
>Subject: Pearl of Wisdom (was [CANSL= IM] CCR - I offer this up for
>dissection)
>Date: Sun, 11 Au= g 2002 09:33:54 -0400
>
>Winston, et al:
>
>I'm c= atching up with my backlog of CANSLIM list messages, and a thought
>= ;just occurred to me after reading Winston's reply to Kelly below.  = (Sans
>header I would have surely assumed it was Katherine's respon= se!)
>
>Your point #4 is a true Pearl of Wisdom--I.e., it pro= vokes further
>thought, and is what I call an "a-ha".   T= he reason?  How bombarded we
>are with information and desktop= s riddled with shortcuts to investment
>net "tools."   Bu= t when it's all said and done--technicals,
>fundamentals, charts, r= atings, etc.--spending time in thought about how
>will the rest of = the market...react to the point or issue and how
>soon--is what it'= s all about, isn't it?  You can't measure it, you can
>accurat= ely predict it, can't touch it, can't feel it.  But if the
>re= sponse to that question is not, albeit in you gut, positive, you
>s= houldn't touch it, should you?
>
>Thank you for that.
>=
>Duke
>
>
>  -----Original Message-----
= >From: owner-canslim@lists.xmission.com
>[mailto:owner-canslim@l= ists.xmission.com] On Behalf Of Winston Little
>Sent: Friday, Augus= t 09, 2002 12:15 PM
>To: canslim@lists.xmission.com
>Subject:= Re: [CANSLIM] CCR - I offer this up for dissection
>
>
&g= t;
>Kelly:
>My hope is that the note was of some help, but pl= ease keep the following
>in mind:
>1. The goal is neither to = whip or throw you back into the pond.
>2. ALWAYS QUESTION anything = that is said or stated.... do you agree with
>the point or issue st= ated or asked?
>3. If you agree with the point, then is what is the= significance of the
>point or issue? The point may be true but of = little value.
>4. How will the rest of the market traders/investors= /or others  react to
>the point or issue, and how soon?
>= ;Depending on the results of  the evaluate the points above (or othe= rs),
>you may then want to respond and show the other person a diff= erent
>perspective.
>
>
>----- Original Message -= ----
>From: Kelly Short <mailto:kelly.short@tx.us.neoris.com>=
>To: canslim@lists.xmission.com
>Sent: Friday, August 09, 20= 02 11:22 AM
>Subject: RE: [CANSLIM] CCR - I offer this up for disse= ction
>
>Winston,
>
>You give me new understandin= g of DD. After reading your email I whip
>myself for not investigat= ing further before posting. Back to the newbie
>pond for me. I feel= like those Snakehead fish in Maryland- so close to
>making it from= the pond to the big river, then the big bad human ("M")
>comes and= throws me back in the pond. Thanks for your observations- I'll
>ke= ep hacking away.
>
>Kelly
>  -----Original Message= -----
>From: Winston Little [mailto:wlittle1@peoplepc.com]
>S= ent: Thursday, August 08, 2002 4:31 PM
>To: canslim@lists.xmission.= com
>Subject: Re: [CANSLIM] CCR - I offer this up for dissection>
>
>
>Kelly:
>A few comments:
>1. Char= t pattern:
>If cup-with handle (start 27 May, end 01 Aug) then the = shape is V-Cup
>which is not ideal.
>2. Handle is 2 days long= (minimum desired is five days) on 03 and 05
>Aug.
>3. Heavy = volume in handle (again undesirable)
>4. Breakout volume on 06 Aug = was 166% of average daily =3D ok.
>5. Debt to equity ratio =3D 4.3 = This may be a bit high, as others in the
>top five of the IBD group= were at 0.98, 0.18 and 0.83. The one exception
>was the government= sponsored agency FRE (Freddie Mac) at 31.
>6. Largest concern was = roll off in revenue in Q2 of 2002 to $$998
>million, was $1233 in Q= 1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234
>in Q2 of 2001 etc.=   Surprisingly the eps reported in Q2 of 2002 was
>highest at = $1.48 up from $1.32 in Q1 of 2002. Does this imply there may
>be a = re-statement in the works as day of reckoning approaches for CEO
>a= nd CFO?
>CCR is believed to be a sub-prime lender. Does this mean d= ifficulty as
>the slow economy persists and consumers start to run = out of cash?
>
>----- Original Message -----
>From: Kel= ly Short <mailto:kelly.short@tx.us.neoris.com>
>To: canslim@l= ists.xmission.com
>Sent: Thursday, August 08, 2002 4:50 PM
>S= ubject: [CANSLIM] CCR - I offer this up for dissection
>
>CCR= - Countrywide Cr Inds Inc
>
>EPS growth could be better but = are we more forgiving over the past 3
>qtrs (after all- CCR is posi= tive EPS growth for past 3 qtrs which in
>itself is an accomplishme= nt)? Appears to be coming out of CWH formation
>(all though not as = beautiful a formation as the Mona Lisa or anything
>IBD would show = us). Thoughts?
>
>
>IBD Ratings
>Smart Select 99<= BR>>EPS Rating 94
>RPS 89
>Industry Group Rank A
>S+= P M+ROE A
>A/D A+
>
>
>Technical Rating 98
>= ;Fundamental Rating 96
>Attractiveness Rating 99
>Group's Tec= hnical Rating 79
>Group's Fundamental Rating 86
>
>
= >
>Rank within Industry Group
>Industry Rank (08/08/02) 32=
>
>Overall 100
>Technical 100
>Fundamental 91>Attriveness 100
>Top 5 Companies w/in Group
>
>>
>CCR
>
>
>
>DORL
>
>
&= gt;
>NCEN
>
>
>
>NDE
>
>
>= ;
>FRE
>Group % Chg to Date 2%
>Group % Chg Last 12 mth= s 4%
>Group % Chg Last 4 weeks 4%
>
>
>Performanc= e
>
>Up/Down Vol 1.3
>3 Yr. EPS Growth 16%
>3 Yr.= Sales Growth 25%
>EPS Growth (Quarterly) % Chg
>Qtr -1 $0.64= 5%
>Qtr -2 $0.61 8%
>Qtr -3 $0.56 5%
>Qtr -4 $0.53 8%<= BR>>Qtr -5 $0.49 0%
>Qtr -6 $0.49
>
>Revenue Growth<= BR>>Qtr -1 293,159 3%
>Qtr -2 285,799 1%
>Qtr -3 283,199 1= %
>Qtr -4 281,332 3%
>Qtr -5 272,860 0%
>Qtr -6 272,489=
>
>   _____
>
>For your protection, th= is e-mail message has been scanned for viruses.
>
>Visit us a= t http://www.neoris.com/
>
>   _____
>
>= ;
>
>




____________________________________= _____________________________
Join the world's largest e-mail service = with MSN Hotmail.
http://www.hotmail.com


-
-To subscrib= e/unsubscribe, email "majordomo@xmission.com"
-In the email body, writ= e "subscribe canslim" or
-"unsubscribe canslim".  Do not use quot= es in your email.

________________________________________________= ____________________________
For your protection, this e-mail message = has been scanned for viruses.
Visit us at http://www.neoris.com/
-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In t= he email body, write "subscribe canslim" or
-"unsubscribe canslim".&nb= sp; Do not use quotes in your email.
------=_NextPart_001_0000_01C242F5.9917F4E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 18:26:35 -0700 ------=_NextPart_001_0001_01C242F6.F4B536E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom-thats the thing I am learning-my exsperience is you get some great ca= nslim stock, on several lists, in a good sector, under accumulation with = all B's and A's and you look at it 3 months later and it is half of what = it was 4 months ago and hasn't split. That is what was so frustrating to= me when I first tried Canslim. At that time the market was up, but they = all dont make it -just the ones the buyers want to spend their money on. = It felt like I did the program and still blew it. What I didn't consider= is what you just wrote. Hope you dont mind if I paste it to my computer.= Nancy =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:25 AM section) =20 Kelly, while the market has always been one of the purest forms of supply and demand dynamics, it is first and foremost controlled by human emotion= . Systems such as CANSLIM introduce a certain degree of mechanical aspects, but our interpretation of what we see and hear, particularly with regard = to "M", remains very human, and emotional in our response. If you have never studied human psychology, then you should, especially H= erd Mentality. It is routinely seen in the marketplace. I lost a lot of money arguing with the markets over the outstanding fundamentals of stocks that were out of favor. Bottom line, if the market doesn't like it, then it's = not going to perform up to expectations. And that's why looking at trailing PE ratios is a waste of time, they are merely history, no one is likely to react to them. On the other hand, forecasts / projected PE ratios can create a sense of expectation, hence drive the price to where the stock trades at a premium based on that expectation. Right now, with fears of recession, terrorism, economy weak and not recovering, corp profits very weak and may not recover as fast as expecte= d, the "M" is disconnected from its fundies. If the economic recovery, and thereby corp profits, do in fact improve long term, the day will come whe= n the expectations will shift from negative to positive, and the markets wi= ll start a new bull market. And that will be because sentiment (human psychology) shifts to bullish from bearish. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:01 AM dissection) Nancy, Believe me when I tell you that your words of thanks are misdirected! The true Pearls of Wisdom came from several group members- but none of them b= y the name of Kelly. I too was the recipient, not sender, of such wisdom. I believe Winston expelled most of these pearls and I too would like to kno= w where he would get such information to answer Question #4. So- not to pas= s the buck- but..... Winston???? Any other Pearls hiding beneath the shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. Squad? And Nancy- thank you for the praise! It felt great if only for a fleeting moment! Kelly -----Original Message----- Sent: Monday, August 12, 2002 6:57 PM dissection) Kelly-catching up on myt mail also-I thought your presentation was really good-I wish I was that far right now. Can you tell me where you got your info? IBD? Daily Graphs? Other source? Thanks nancy >From: "Duke Miller" >Reply-To: canslim@lists.xmission.com >To: >Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for >dissection) >Date: Sun, 11 Aug 2002 09:33:54 -0400 > >Winston, et al: > >I'm catching up with my backlog of CANSLIM list messages, and a thought >just occurred to me after reading Winston's reply to Kelly below. (Sans >header I would have surely assumed it was Katherine's response!) > >Your point #4 is a true Pearl of Wisdom--I.e., it provokes further >thought, and is what I call an "a-ha". The reason? How bombarded we >are with information and desktops riddled with shortcuts to investment >net "tools." But when it's all said and done--technicals, >fundamentals, charts, ratings, etc.--spending time in thought about how >will the rest of the market...react to the point or issue and how >soon--is what it's all about, isn't it? You can't measure it, you can >accurately predict it, can't touch it, can't feel it. But if the >response to that question is not, albeit in you gut, positive, you >shouldn't touch it, should you? > >Thank you for that. > >Duke > > > -----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little >Sent: Friday, August 09, 2002 12:15 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >My hope is that the note was of some help, but please keep the following >in mind: >1. The goal is neither to whip or throw you back into the pond. >2. ALWAYS QUESTION anything that is said or stated.... do you agree with >the point or issue stated or asked? >3. If you agree with the point, then is what is the significance of the >point or issue? The point may be true but of little value. >4. How will the rest of the market traders/investors/or others react to >the point or issue, and how soon? >Depending on the results of the evaluate the points above (or others), >you may then want to respond and show the other person a different >perspective. > > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Friday, August 09, 2002 11:22 AM >Subject: RE: [CANSLIM] CCR - I offer this up for dissection > >Winston, > >You give me new understanding of DD. After reading your email I whip >myself for not investigating further before posting. Back to the newbie >pond for me. I feel like those Snakehead fish in Maryland- so close to >making it from the pond to the big river, then the big bad human ("M") >comes and throws me back in the pond. Thanks for your observations- I'll >keep hacking away. > >Kelly > -----Original Message----- >From: Winston Little [mailto:wlittle1@peoplepc.com] >Sent: Thursday, August 08, 2002 4:31 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >A few comments: >1. Chart pattern: >If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup >which is not ideal. >2. Handle is 2 days long (minimum desired is five days) on 03 and 05 >Aug. >3. Heavy volume in handle (again undesirable) >4. Breakout volume on 06 Aug was 166% of average daily =3D ok. >5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the >top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception >was the government sponsored agency FRE (Freddie Mac) at 31. >6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 >million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 >in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was >highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may >be a re-statement in the works as day of reckoning approaches for CEO >and CFO? >CCR is believed to be a sub-prime lender. Does this mean difficulty as >the slow economy persists and consumers start to run out of cash? > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Thursday, August 08, 2002 4:50 PM >Subject: [CANSLIM] CCR - I offer this up for dissection > >CCR - Countrywide Cr Inds Inc > >EPS growth could be better but are we more forgiving over the past 3 >qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in >itself is an accomplishment)? Appears to be coming out of CWH formation >(all though not as beautiful a formation as the Mona Lisa or anything >IBD would show us). Thoughts? > > >IBD Ratings >Smart Select 99 >EPS Rating 94 >RPS 89 >Industry Group Rank A >S+P M+ROE A >A/D A+ > > >Technical Rating 98 >Fundamental Rating 96 >Attractiveness Rating 99 >Group's Technical Rating 79 >Group's Fundamental Rating 86 > > > >Rank within Industry Group >Industry Rank (08/08/02) 32 > >Overall 100 >Technical 100 >Fundamental 91 >Attriveness 100 >Top 5 Companies w/in Group > > > >CCR > > > >DORL > > > >NCEN > > > >NDE > > > >FRE >Group % Chg to Date 2% >Group % Chg Last 12 mths 4% >Group % Chg Last 4 weeks 4% > > >Performance > >Up/Down Vol 1.3 >3 Yr. EPS Growth 16% >3 Yr. Sales Growth 25% >EPS Growth (Quarterly) % Chg >Qtr -1 $0.64 5% >Qtr -2 $0.61 8% >Qtr -3 $0.56 5% >Qtr -4 $0.53 8% >Qtr -5 $0.49 0% >Qtr -6 $0.49 > >Revenue Growth >Qtr -1 293,159 3% >Qtr -2 285,799 1% >Qtr -3 283,199 1% >Qtr -4 281,332 3% >Qtr -5 272,860 0% >Qtr -6 272,489 > > _____ > >For your protection, this e-mail message has been scanned for viruses. > >Visit us at http://www.neoris.com/ > > _____ > > > > _________________________________________________________________ Join the world's largest e-mail service with MSN Hotmail. http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0001_01C242F6.F4B536E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom-thats the = thing I am learning-my exsperience is you get some great canslim stock, o= n several lists, in a good sector, under accumulation with all B's and A'= s and you look at it 3 months later and it is half of what it was 4 month= s ago and hasn't split.  That is what was so frustrating to me when = I first tried Canslim. At that time the market was up, but they all = dont make it -just the ones the buyers want to spend their money on. = ;It felt like I did the program and still blew it.  What I didn't co= nsider is what you just wrote. Hope you dont mind if I paste it to my com= puter.  Nancy
 
----- Original= Message -----
From: Tom Worley
Sent: Tuesday, August 13, 2002 7:25 AM
To: canslim@lists.xmission.com
Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR = - I offer this up for dissection)
 
Kelly, while the= market has always been one of the purest forms of supply
and demand d= ynamics, it is first and foremost controlled by human emotion.
Systems= such as CANSLIM introduce a certain degree of mechanical aspects,
but= our interpretation of what we see and hear, particularly with regard to<= BR>"M", remains very human, and emotional in our response.

If you = have never studied human psychology, then you should, especially Herd
= Mentality. It is routinely seen in the marketplace. I lost a lot of money=
arguing with the markets over the outstanding fundamentals of stocks = that
were out of favor. Bottom line, if the market doesn't like it, th= en it's not
going to perform up to expectations.

And that's why= looking at trailing PE ratios is a waste of time, they are
merely his= tory, no one is likely to react to them. On the other hand,
forecasts = / projected PE ratios can create a sense of expectation, hence
drive t= he price to where the stock trades at a premium based on that
expectat= ion.

Right now, with fears of recession, terrorism, economy weak a= nd not
recovering, corp profits very weak and may not recover as fast = as expected,
the "M" is disconnected from its fundies. If the economic= recovery, and
thereby corp profits, do in fact improve long term, the= day will come when
the expectations will shift from negative to posit= ive, and the markets will
start a new bull market. And that will be be= cause sentiment (human
psychology) shifts to bullish from bearish.
=
----- Original Message -----
From: "Kelly Short" <kelly.short@t= x.us.neoris.com>
To: <canslim@lists.xmission.com>
Sent: Tu= esday, August 13, 2002 10:01 AM
Subject: RE: Pearl of Wisdom (was [CAN= SLIM] CCR - I offer this up for
dissection)


Nancy,

B= elieve me when I tell you that your words of thanks are misdirected! The<= BR>true Pearls of Wisdom came from several group members- but none of the= m by
the name of Kelly. I too was the recipient, not sender, of such w= isdom. I
believe Winston expelled most of these pearls and I too would= like to know
where he would get such information to answer Question #= 4. So- not to pass
the buck- but..... Winston???? Any other Pearls hid= ing beneath the shell?
Katherine? Fred? Duke? Tom? The rest of the M.O= .B. Squad?

And Nancy- thank you for the praise! It felt great if o= nly for a fleeting
moment!

Kelly

-----Original Message--= ---
From: NANCY POLCARO [mailto:zillagirl@msn.com]
Sent: Monday, Au= gust 12, 2002 6:57 PM
To: canslim@lists.xmission.com
Subject: Re: P= earl of Wisdom (was [CANSLIM] CCR - I offer this up for
dissection)

Kelly-catching up on myt mail also-I thought your presentation w= as really
good-I wish I was that far right now.  Can you tell me = where you got your
info? IBD? Daily Graphs?  Other source? Thanks= nancy


>From: "Duke Miller" <dukemill@tampabay.rr.com>= ;
>Reply-To: canslim@lists.xmission.com
>To: <canslim@list= s.xmission.com>
>Subject: Pearl of Wisdom (was [CANSLIM] CCR - I= offer this up for
>dissection)
>Date: Sun, 11 Aug 2002 09:33= :54 -0400
>
>Winston, et al:
>
>I'm catching up w= ith my backlog of CANSLIM list messages, and a thought
>just occurr= ed to me after reading Winston's reply to Kelly below.  (Sans
>= ;header I would have surely assumed it was Katherine's response!)
>=
>Your point #4 is a true Pearl of Wisdom--I.e., it provokes furthe= r
>thought, and is what I call an "a-ha".   The reason?&n= bsp; How bombarded we
>are with information and desktops riddled wi= th shortcuts to investment
>net "tools."   But when it's = all said and done--technicals,
>fundamentals, charts, ratings, etc.= --spending time in thought about how
>will the rest of the market..= .react to the point or issue and how
>soon--is what it's all about,= isn't it?  You can't measure it, you can
>accurately predict = it, can't touch it, can't feel it.  But if the
>response to th= at question is not, albeit in you gut, positive, you
>shouldn't tou= ch it, should you?
>
>Thank you for that.
>
>Duke=
>
>
>  -----Original Message-----
>From: ow= ner-canslim@lists.xmission.com
>[mailto:owner-canslim@lists.xmissio= n.com] On Behalf Of Winston Little
>Sent: Friday, August 09, 2002 1= 2:15 PM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLI= M] CCR - I offer this up for dissection
>
>
>
>Ke= lly:
>My hope is that the note was of some help, but please keep th= e following
>in mind:
>1. The goal is neither to whip or thro= w you back into the pond.
>2. ALWAYS QUESTION anything that is said= or stated.... do you agree with
>the point or issue stated or aske= d?
>3. If you agree with the point, then is what is the significanc= e of the
>point or issue? The point may be true but of little value= .
>4. How will the rest of the market traders/investors/or others&n= bsp; react to
>the point or issue, and how soon?
>Depending o= n the results of  the evaluate the points above (or others),
>= you may then want to respond and show the other person a different
>= ;perspective.
>
>
>----- Original Message -----
>= canslim@lists.xmission.com
>Sent: Friday, August 09, 2002 11:22 AM<= BR>>Subject: RE: [CANSLIM] CCR - I offer this up for dissection
>= ;
>Winston,
>
>You give me new understanding of DD. Aft= er reading your email I whip
>myself for not investigating further = before posting. Back to the newbie
>pond for me. I feel like those = Snakehead fish in Maryland- so close to
>making it from the pond to= the big river, then the big bad human ("M")
>comes and throws me b= ack in the pond. Thanks for your observations- I'll
>keep hacking a= way.
>
>Kelly
>  -----Original Message-----
>= ;From: Winston Little [mailto:wlittle1@peoplepc.com]
>Sent: Thursda= y, August 08, 2002 4:31 PM
>To: canslim@lists.xmission.com
>S= ubject: Re: [CANSLIM] CCR - I offer this up for dissection
>
>= ;
>
>Kelly:
>A few comments:
>1. Chart pattern:>If cup-with handle (start 27 May, end 01 Aug) then the shape is V-C= up
>which is not ideal.
>2. Handle is 2 days long (minimum de= sired is five days) on 03 and 05
>Aug.
>3. Heavy volume in ha= ndle (again undesirable)
>4. Breakout volume on 06 Aug was 166% of = average daily =3D ok.
>5. Debt to equity ratio =3D 4.3 This may be = a bit high, as others in the
>top five of the IBD group were at 0.9= 8, 0.18 and 0.83. The one exception
>was the government sponsored a= gency FRE (Freddie Mac) at 31.
>6. Largest concern was roll off in = revenue in Q2 of 2002 to $$998
>million, was $1233 in Q1, N/A in Q4= of 200, $1272 in Q3 of 2001, $1234
>in Q2 of 2001 etc.  Surpr= isingly the eps reported in Q2 of 2002 was
>highest at $1.48 up fro= m $1.32 in Q1 of 2002. Does this imply there may
>be a re-statement= in the works as day of reckoning approaches for CEO
>and CFO?
&= gt;CCR is believed to be a sub-prime lender. Does this mean difficulty as=
>the slow economy persists and consumers start to run out of cash?=
>
>----- Original Message -----
>From: Kelly Short <= ;mailto:kelly.short@tx.us.neoris.com>
>To: canslim@lists.xmissio= n.com
>Sent: Thursday, August 08, 2002 4:50 PM
>Subject: [CAN= SLIM] CCR - I offer this up for dissection
>
>CCR - Countrywi= de Cr Inds Inc
>
>EPS growth could be better but are we more = forgiving over the past 3
>qtrs (after all- CCR is positive EPS gro= wth for past 3 qtrs which in
>itself is an accomplishment)? Appears= to be coming out of CWH formation
>(all though not as beautiful a = formation as the Mona Lisa or anything
>IBD would show us). Thought= s?
>
>
>IBD Ratings
>Smart Select 99
>EPS R= ating 94
>RPS 89
>Industry Group Rank A
>S+P M+ROE A>A/D A+
>
>
>Technical Rating 98
>Fundamental= Rating 96
>Attractiveness Rating 99
>Group's Technical Ratin= g 79
>Group's Fundamental Rating 86
>
>
>
>= Rank within Industry Group
>Industry Rank (08/08/02) 32
>
= >Overall 100
>Technical 100
>Fundamental 91
>Attrive= ness 100
>Top 5 Companies w/in Group
>
>
>
>= ;CCR
>
>
>
>DORL
>
>
>
>N= CEN
>
>
>
>NDE
>
>
>
>FRE=
>Group % Chg to Date 2%
>Group % Chg Last 12 mths 4%
>= Group % Chg Last 4 weeks 4%
>
>
>Performance
>>Up/Down Vol 1.3
>3 Yr. EPS Growth 16%
>3 Yr. Sales Growt= h 25%
>EPS Growth (Quarterly) % Chg
>Qtr -1 $0.64 5%
>Q= tr -2 $0.61 8%
>Qtr -3 $0.56 5%
>Qtr -4 $0.53 8%
>Qtr -= 5 $0.49 0%
>Qtr -6 $0.49
>
>Revenue Growth
>Qtr -= 1 293,159 3%
>Qtr -2 285,799 1%
>Qtr -3 283,199 1%
>Qtr= -4 281,332 3%
>Qtr -5 272,860 0%
>Qtr -6 272,489
>
= >   _____
>
>For your protection, this e-mail me= ssage has been scanned for viruses.
>
>Visit us at http://www= .neoris.com/
>
>   _____
>
>
>>




________________________________________________= _________________
Join the world's largest e-mail service with MSN Hot= mail.
http://www.hotmail.com


-
-To subscribe/unsubscribe= , email "majordomo@xmission.com"
-In the email body, write "subscribe = canslim" or
-"unsubscribe canslim".  Do not use quotes in your em= ail.

_____________________________________________________________= _______________
For your protection, this e-mail message has been scan= ned for viruses.
Visit us at http://www.neoris.com/

-
-To su= bscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body= , write "subscribe canslim" or
-"unsubscribe canslim".  Do not us= e quotes in your email.




-
-To subscribe/unsubscribe= , email "majordomo@xmission.com"
-In the email body, write "subscribe = canslim" or
-"unsubscribe canslim".  Do not use quotes in your em= ail.
------=_NextPart_001_0001_01C242F6.F4B536E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: E2moskow@aol.com Subject: [CANSLIM] Re:Entry purchase Date: 13 Aug 2002 21:24:07 EDT --part1_ad.21bd8d5e.2a8b0b37_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Canslim Pros: Assuming the M is going to turn, ( it didn't look that way today), what are good parameters to consider when making an entry purchase. How many shares is it wise to buy. This is a subject that hasn't been discussed, what is WON's idea as an entry? Morris --part1_ad.21bd8d5e.2a8b0b37_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Canslim Pros:
    Assuming the M is going to turn, ( it didn't look that way today), what are good parameters to consider when making an entry purchase.  How many shares is it wise to buy.  This is a subject that hasn't been discussed, what is WON's idea as
an entry?
Morris --part1_ad.21bd8d5e.2a8b0b37_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] analysts Date: 13 Aug 2002 21:47:58 -0400 I totally disagree, will be glad to argue the pertinence, or accuracy, of this author's books in today's markets in private, but will not waste further time here on it. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:56 AM Tom NYSE specialists have a hand in this too--When you experience 7% stop loss execute at LOD 15% loss you begin to look toward Level II trading on NASDAQ where you are under electronic control--no humanoids--read the following: Richard Ney on the Role of the Specialist "The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, 'A terrible thing happened. I realized I'd joined the wrong mob'" (1Ney, 8). It was with these words that Richard Ney began his first of three books on the nature of the New York Stock Exchange. Ney wrote over 20 years ago, a time when a 750 Dow was high and today's volumes were beyond imagining. Some of his material is dated, and must be read in the light in which it was written. But the main premise of his books is still true: that the specialist exists not to ensure the free and orderly trade of stock in a particular company, but to fatten upon the innocence and ignorance of the small investor. The New York Stock Exchange is not an auction market (2Ney, 86), though many investors still hold onto that image. It is a rigged market. Volume is an effect of price. Prices are controlled absolutely by the specialists, the 'market makers' in individual stocks. It was this discovery that led Mr. Ney to eventually give us small investors a priceless gift: enlightenment. "Studying the transactions in each stock, I became immediately conscious that, on too many occasion to be a coincidence, a stock would advance from its morning low and then, often during the afternoon, would show an up-tick of a half-point or more on a large block of anywhere from 1,500 to 5,000 or more shares. This transaction seemed to herald a transformation in what was taking place, for immediately thereafter the stock would begin to drop like Newton's apple. Before I could find out what caused this, another question presented itself: What caused the same thing to happen at the low point in that stock's decline? For it was also apparent that a block of stock of the same size often appeared on a down-tick of a half-point or more, after which the stock quickly rallied. Together these two facts seemed to give a stock's pattern continuity. At the end of several days of investigation, I discovered that these transactions at the top and bottom of a stock's price pattern were for the specialist's own account. ... Clod that I was, I had at last recognized that, although the study of human nature may not be fashionable among economists, it is never out of season" (2Ney, 9)." John Heiman >guess I am too jaded from too many years inside the securities industry, I >am not even shocked by all this, I presumed all of this was still happening, >just like it always has, at the major wirehouses > >----- Original Message ----- >From: "Duke Miller" >To: >Sent: Monday, August 12, 2002 4:44 PM >Subject: RE: [CANSLIM] analysts > > >This is incredible. > >I pulled up the story, and was further shocked by this revelation: > >In a discussion with (his boss) Mr. Kim about his progress on the >report, Mr. Boss made clear his doubts on the sector. He said Mr. Kim >began to fret. Mr. Boss, who sat within earshot of Mr. Kim, said his >superior called the investment bankers and discussed the report, but was >careful to do so on his cellphone. Mr. Boss said that Mr. Kim had told >him to be careful to limit conversations with investment banking to >cellphones because Mr. Spitzer's release of the now infamous Merrill >Lynch e-mail messages had been so damaging to that firm. Furthermore, >internal phone lines, which might be taped, were not to be used. > >And near the end of the article: > >"In an affidavit that Mr. Boss submitted to Salomon and the New York >attorney general, he said investment bankers at the firm regularly told >Mr. Kim of pending banking assignments and merger and acquisition >activities involving companies in his sector. "In violation of the >rules, Steve issued favorable research reports on the companies involved >(homebuilders) after he became knowledgeable of the transactions," Mr. >Boss said in his affidavit. > >"Mr. Boss also said in his statement that shortly after the Masco >Corporation, a maker of building products, sold 22 million shares to the >public in an underwriting co-managed by Salomon this spring, and after >Mr. Kim had raised his estimates for the company, Mr. Kim asked Masco >management to help with the installation of a new kitchen in his >Westchester home. According to Mr. Boss's affidavit, Masco spent more >than $10,000 sending materials and two high-level managers from Michigan >to Mr. Kim's home for several days." > >And this is a subsidiary of Citigroup? > >With all that's gone on, these guys are either brain-dead, or totally >brain-washed. > >Duke > > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl >Sent: Monday, August 12, 2002 12:05 PM >To: canslim@lists.xmission.com >Subject: [CANSLIM] analysts > > >Well, those Wall Street weasels are still weasels, even after promising >reform. >Here is the link, since it requires registration, some people will >probably not be able >to get there or wish to register, so I've excerpted a couple of >passages below - > >http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html > > >The two executives boasted that Salomon, Citigroup's investment bank >subsidiary, had been the first to adopt reforms suggested by Eliot >Spitzer, the >New York attorney general, who is investigating Wall Street research. >They >also proposed additional moves that regulators might take to prevent a >firm's >investment bankers from exerting improper influence on its research >analysts ..... As Mr. Boss tells the tale, in late June, after spending >weeks on a report >analyzing three office furniture companies, he was lukewarm about the >stocks' >prospects and assigned them a neutral and high-risk rating. He argued >that >until the overall business climate improved, demand for these companies' > >products would be lackluster. When two Salomon investment bankers and >Mr. >Boss's immediate supervisor saw the draft report, they demanded that he >revise it to be more upbeat. Mr. Boss refused. A few days later, on June >27, he >was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, >which he refused. > >Beginning on June 3, for example, the firm said that any fact checking >by the >investment banking division of draft research reports would be limited >to the >first research written about an initial public offering. Moreover, the >rules said >that any draft research sent to investment banking for fact checking >"must >omit the rating and target price as well as the investment thesis and >valuation >analysis sections." > >According to Mr. Boss, two Salomon investment bankers, Richard Moriarty >and Marc Schneider, flouted those rules the week of June 23, demanding >to >see Mr. Boss's report, which was in draft form on his laptop computer. > >Stephen S. Kim, the analyst covering home-building stocks at Salomon and > >Mr. Boss's immediate supervisor, told him to put the report on the >firm's >internal network so it could be reviewed by the investment bankers. Mr. >Boss >protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon >went >to the research department and reviewed the report on Mr. Boss's laptop. >Two >of the three office furnishings stocks that Mr. Boss had advised >investors to be >cautious of " Interface and Steelcase " had recently issued bonds that >were >underwritten by Salomon. > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >--- >Incoming mail is certified Virus Free. >Checked by AVG anti-virus system (http://www.grisoft.com). >Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 ---- --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 13 Aug 2002 19:06:20 -0700 ------=_NextPart_001_0002_01C242FC.82212FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Can you explain something for me? On the IBD wtw chart points 2 and 3. = I would have seen volumn dropping and the stock moving sideway and though= t it was about to take a dive. Instead, in this chart they said it was g= ood action. Am I wrong? I know in hindsite I can see what the chart did= , but not as it happened. Also it's group is D, its got an acc/dist. o= f D and its 5 of the top 5 stocks. Would this keep you from entering eve= n though it has a breakout on high volumn? =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:33 AM =20 Hi Mike, WTW didn't have the smoothest base, but it was a 12 week base nonetheless= . That's not unusual given the gyrations of the market as it's been groping for this latest bottom. So that you can see my personal take on it, I've annotated the chart at: http://WallStreet-LLC.com/canslim/WTW081302.jpg Gene noted that WTW is also featured in IBD's weblink today. They have al= so annotated a chart, so you can see their interpretation at: http://www.investors.com/weblink/ Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 8:50 AM Katherine, Can you expound on the statement that WTW broke out? In looking at the chart, I can sorta see a v shaped cwh, but in the handle, the volume did NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSL= IM] Which One Is Better - Updated ission.com 08/12/2002 08:02 PM Please respond to canslim You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine ----- Original Message ----- Sent: Monday, August 12, 2002 7:41 PM Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- Sent: Monday, August 12, 2002 6:58 PM Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- Sent: Monday, August 12, 2002 4:50 PM I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- Sent: Monday, August 12, 2002 5:47 PM Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect=AE Composite Rating that i= s provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- Sent: Monday, August 12, 2002 4:06 PM Let's see, IBD provides an Overall Rating and now DGO provides a Composit= e Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect=AE Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0002_01C242FC.82212FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Can you explai= n something for me?  On the IBD wtw chart points 2 and 3.  I wo= uld have seen volumn dropping and the stock moving sideway and thought it= was about to take a dive.  Instead, in this chart they said it was = good action.  Am I wrong?  I know in hindsite I can see what th= e chart did, but not as it happened.   Also it's  group&nb= sp;is D, its got an acc/dist. of D and its 5 of the top 5 stocks.  W= ould this keep you from entering even though it has a breakout on high vo= lumn?  
 
----- Original = Message -----
From: Katherine Malm
Sent: Tuesday, August 13, 2002 7:33 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Re: WTW (was: Which One Is B= etter - Updated)
 
Hi Mike,

WTW didn't have t= he smoothest base, but it was a 12 week base nonetheless.
That's not u= nusual given the gyrations of the market as it's been groping
for this= latest bottom. So that you can see my personal take on it, I've
annot= ated the chart at:

http://WallStreet-LLC.com/canslim/WTW081302.jpg=


Gene noted that WTW is also featured in IBD's weblink today. = They have also
annotated a chart, so you can see their interpretation = at:

http://www.investors.com/weblink/

Katherine

----= - Original Message -----
From: <michael_niemotka@baxter.com>
= 8:50 AM
Subject: Re: [CANSLIM] Which One Is Better - Updated


Katherine,

Can you expound on the statement that WTW broke o= ut?  In looking at the
chart, I can sorta see a v shaped cwh, but= in the handle, the volume did
NOT dry up.....what would you say the p= ivot point was?

Thanks

Mike Niemotka , PE
Sr. Principal = Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road<= BR>Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
mi= chael_niemotka@baxter.com



     &n= bsp;           &nb= sp;  "Katherine Malm"
       &= nbsp;            &= lt;kmalm@earthlink.net>        = ; To:
canslim@lists.xmission.com
     &nbs= p;            = ;  Sent by:         &nb= sp;            cc:=
           &nb= sp;        owner-canslim@lists.xm = ;       Subject:     Re= : [CANSLIM]
Which One Is Better - Updated
    &= nbsp;           &n= bsp;   ission.com


     &nbs= p;            = ;  08/12/2002 08:02 PM
       =              = Please respond to
        &nbs= p;           canslim





You know, I have a simple solution for this kind= of dilemma....don't use
the numbers.

I know it's tempting to u= se a number like this, as it seems to "tell you
everything" about the = stock. But I think once you summarize summary
numbers, you're asking f= or trouble. I rank the composite score as "mildly
useful."

Here= 's an example. I'll select a couple of stocks that have come up for
di= scussion here in the last few months: WTW and TOL.

Scores?
WTW = =3D 96
TOL =3D 95

Yet, look at the charts. WTW broke out today,= TOL is rolling over and
playing dead. Doesn't sound like a score of 9= 5/96 "tells" me everything I
need to know about the stocks.

Kat= herine
----- Original Message -----
From: Gene Ricci
To: canslim= @lists.xmission.com
Sent: Monday, August 12, 2002 7:41 PM
Subject: = Re: [CANSLIM] Which One Is Better - Updated

Arghhh!
Same defini= tion
Same data base
Same company
different numbers!
----- Ori= ginal Message -----
From: Bill Triffet
To: canslim@lists.xmission.c= om
Sent: Monday, August 12, 2002 6:58 PM
Subject: Re: [CANSLIM] Whi= ch One Is Better - Updated

Either way, it appears that the IBD dat= a paints a prettier picture of the
stocks.

-Bill

----- O= riginal Message -----
From: "Gene Ricci" <genr@swbell.net>
To= : <canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 4:5= 0 PM
Subject: Re: [CANSLIM] Which One Is Better - Updated


I= just had today's update figures for DGO sent to me.
The 3 columns are= 8/9 DGO data
8/12 IBD readings 30 minutes ago
8/12 DGO just receiv= ed today's download


Hi Katherine, I hadn't checked today and a= fter reading your note, I
'thought' I was in error.

However, I = just went and checked several stocks:
     &n= bsp;          8/9  8/12=   8/12
         &nbs= p;       DGO  IBD  DGO
AAON&nb= sp;    85     86   &nbs= p;  83
AIR          = 38     55      32
ABCB&nb= sp;      89     90 &nbs= p;   90
ABM         = 77    85      75
ABN &nbs= p;       58    67  = ;     58
ACE      &n= bsp;  69    86      &nb= sp; 71
ACMR     92     95 = ;      92
AES     &n= bsp;   24     30    &nb= sp;  25
AFCE      72   &n= bsp; 79       74
AFL   &n= bsp;     92     95  &nb= sp;    91


The first ten (10) I checked showed d= ifferent numbers.

My question still stands, which one is better?
Gene



----- Original Message -----
From: Katherine= Malm
To: canslim@lists.xmission.com
Sent: Monday, August 12, 2002 = 5:47 PM
Subject: Re: [CANSLIM] Which One Is Better


Hi Gene,=

There seems to be conflicting information on this...See DGO's rep= ly to my
recent inquiry (7/31) about the very same thing:


<= BR>
Hi Katherine,

Thank you for your recent email to Daily Grap= hs Online.

I apologize, but the recent additions to our services h= ave not yet been
reflected in our Image Maps resource.  We plan o= n making the update soon.
TO address your question, I would like to co= nfirm that the Composite
Rating
you see on our service is the same = SmartSelect=AE Composite Rating that is
provided by the Investor's Bus= iness Daily and investors.com.

Please write back if you have any q= uestions or need assistance.

Best regards,
Dan
Daily Graphs = Online
www.dailygraphs.com

----- Original Message -----
From= : Gene Ricci
To: canslim@lists.xmission.com
Sent: Monday, August 12= , 2002 4:06 PM
Subject: [CANSLIM] Which One Is Better


Let's= see, IBD provides an Overall Rating and now DGO provides a Composite
= Rating. Has anyone determined which one is better?

Gene

The= new SmartSelect=AE Composite Rating in Investor's Business Daily and
= the Stock Checkup Overall Rating found on investors.com are based on
d= ifferent formulas.

The SmartSelect=AE Composite Rating combines al= l 5 SmartSelect Ratings
into one easy-to-use rating.  More weight= is placed on EPS and RS
Rating, and the stock's percent off its 52-we= ek high is also included in
the formula.  Results are then compar= ed to all other companies, and each
company is assigned a rating from = 1-99 with 99 being the best.  This
rating is designed to help you= get a quick feel for how a company's
SmartSelect=AE Ratings compare t= o all other stocks in our database.  This
is intended to be an ad= ditional tool to help you find the stocks with
the highest SmartSelect= =AE Ratings, quickly and easily.

The Overall Rating in the Stock C= heckup is determined by a proprietary
formula incorporating all five o= f the Stock Checkup ratings. These are
the Technical Rating, Fundament= al Rating, Attractiveness Rating, Group's
Technical Rating and Group's= Fundamental Rating.  The Stock Checkup uses
over 30 different va= riables including all the SmartSelect=AE Ratings to
calculate the Over= all Rating.  When using the Stock Checkup, focus not
only on the = Overall Rating but all 6 of the Checkup Ratings.  Also study
how = the stock compares to its group within the individual Checkup
Ratings.=



-
-To subscribe/unsubscribe, email "majordomo@xmission= .com"
-In the email body, write "subscribe canslim" or
-"unsubscrib= e canslim".  Do not use quotes in your email.


-
-To su= bscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body= , write "subscribe canslim" or
-"unsubscribe canslim".  Do not us= e quotes in your email.





-
-To subscribe/unsubsc= ribe, email "majordomo@xmission.com"
-In the email body, write "subscr= ibe canslim" or
-"unsubscribe canslim".  Do not use quotes in you= r email.


-
-To subscribe/unsubscribe, email "majordomo@xmis= sion.com"
-In the email body, write "subscribe canslim" or
-"unsubs= cribe canslim".  Do not use quotes in your email.
------=_NextPart_001_0002_01C242FC.82212FC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 22:05:50 -0400 I disagree, Harvey, we are talking about a snapshot in time, doesn't matter for that purpose if the forecasts prove to be real or imaginary. If the investing community, right now, perceive them to be real (or even likely) and they are far superior to the rest of the industry group, or the market at large, then they can create an expectation. If those expectations later start to be questioned, then the charts will warn you with other companies reducing forecasts, reporting below expectations, price lines on charts trending down, etc. While I don't give any weight to trailing PEs, I do look at the actual earnings for apparent trends (especially sequentially), and also take note where forecasts were then available how they compare to what was then expected. I also apply the "logical" test to any forecasts, including seeing what they must do for the remainder of the year just to make forecasts. ----- Original Message ----- Sent: Tuesday, August 13, 2002 4:18 PM dissection) A caution here, it's good to keep in mind that trailing PE ratios at least are "real," while projected PE ratios are only as good as the earnings forecasts and can be way off, especially beyond the current quarter and FY. This risk is reduced somewhat for older/larger companies that have a history of making or exceeding the quarterly earnings forecasts, so called "positive surprises." That said, I consider both trailing and projected PEs in my stock selection. > > And that's why looking at trailing PE ratios is a waste of time, they are > merely history, no one is likely to react to them. On the other hand, > forecasts / projected PE ratios can create a sense of expectation, hence > drive the price to where the stock trades at a premium based on that > expectation. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 13 Aug 2002 19:10:42 -0700 ------=_NextPart_001_0003_01C242FD.1E314620 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable can you explain your statement. Why would it mean this? nancy =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:54 AM =20 on the downside, often suggests the point where institutional support exists, but only on the larger more liquid stocks. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:50 AM Katherine: Couldn't "churning" also identify a stock which has been weak (ie. i= n a downtrend), but then does not make any more headway down-and does this on heavy volume. Wouldn't this indicate the end of the downtrend (or at least-the beginning of a consolidation, perhaps leading to the stock garnering strength?). Moreover, as distribution (as you pointed out) is likely at the top = (as indicated by the hi volume and stalling); wouldn't accumulation be likely= at the churning point in the downtrend (ie. since the stock is not falling anymore and it is not doing it on hi volume-wouln't this signify that someone is buying up all the stock that someone else is selling) I bring up this question because I'm not sure of the answer. I thou= ght WON has said (or perhaps it was in an IBD Investors Corner article) that "churning" can take place on the upside (to indicate future weakness) or = on the downside (to indicate future strength). In any event, what is your experience or observation or comments and conclusions on my churning conundrum. jans In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time, kmalm@earthlink.net writes: > Long story short, churning/stalling is in reference to action *after* a > stock or index has been rising, nears its highs, then starts acting odd= . > That is, large volume is no longer accompanied by significant upward pr= ice > movement. In that sense, it is subtle distribution and is a > sign that the > stock may be topping and/or beginning a consolidating period - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0003_01C242FD.1E314620 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
can you explai= n your statement.  Why would it mean this? nancy 
&n= bsp;
----- Original Message -----
From: Tom Wo= rley
Sent: Tuesday, August 1= 3, 2002 7:54 AM
To: canslim@= lists.xmission.com
Subject: = Re: [CANSLIM] cup-without-handle; "tightness" questions
 =
on the downside, often suggests the point where institutional suppo= rt
exists, but only on the larger more liquid stocks.

----- Ori= ginal Message -----
From: <Spencer48@aol.com>
To: <canslim= @lists.xmission.com>
Sent: Tuesday, August 13, 2002 10:50 AM
Sub= ject: Re: [CANSLIM] cup-without-handle; "tightness" questions


= Katherine:

     Couldn't "churning" also ident= ify a stock which has been weak (ie. in a
downtrend), but then does no= t make any more headway down-and does this on
heavy volume.  Woul= dn't this indicate the end of the downtrend (or at
least-the beginning= of a consolidation, perhaps leading to the stock
garnering strength?)= .

     Moreover, as distribution (as you point= ed out) is likely at the top (as
indicated by the hi volume and stalli= ng); wouldn't accumulation be likely at
the churning point in the down= trend (ie. since the stock is not falling
anymore and it is not doing = it on hi volume-wouln't this signify that
someone is buying up all the= stock that someone else is selling)

     I br= ing up this question because I'm not sure of the answer.  I thought<= BR>WON has said (or perhaps it was in an IBD Investors Corner article) th= at
"churning" can take place on the upside (to indicate future weaknes= s) or on
the downside (to indicate future strength).

 &nbs= p;   In any event, what is your experience or observation or co= mments and
conclusions on my churning conundrum.


 &nbs= p;            = ;            = jans


In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern S= tandard Time,
kmalm@earthlink.net writes:

> Long story short= , churning/stalling is in reference to action *after* a
> stock or = index has been rising, nears its highs, then starts acting odd.
> T= hat is, large volume is no longer accompanied by significant upward price=
> movement. In that sense, it is subtle distribution and is a
&= gt; sign that the
> stock may be topping and/or beginning a consoli= dating period



-
-To subscribe/unsubscribe, email "major= domo@xmission.com"
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-
-To subscribe/unsubscribe, email "majordomo@xmission.com"<= BR>-In the email body, write "subscribe canslim" or
-"unsubscribe cans= lim".  Do not use quotes in your email.
------=_NextPart_001_0003_01C242FD.1E314620-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New Management - Doesn't it always follow a Top Exec's departure Date: 13 Aug 2002 22:18:14 -0400 Kelly, WON usually focuses on the CEO position, not the CFO, since the CEO is the operational manager. The departure of a CFO unexpectedly can be a negative especially right now because it makes a company's prior financial reporting and current health questionable. But the CFO has little to do with the marketing strategy, acquisition plans, etc of the corporation. It is the Board that may set broad goals, but the CEO that will carry them out. And execution is the key. There is both short and long term implications to a new CEO. Short term, he (sometimes, but not often enough she) comes in and cleans house. Gets rid of all the dead wood. Terminates a product line that was an old favorite five years ago, but hasn't made money since. Cuts personnel staffing. Closes obsolete facilities. Basically strives for a lean, mean, financially sound business. The market usually will like that cost cutting, more efficient (and usually profitable) approach short term. After that, the market looks at the long term plan (and execution) to increase market share, build the business, increase profits. It takes a lot longer for a new CEO to deliver on that, a year or more easily. Sometimes the Board / markets will not give a new CEO that much time, especially if early progress is not being perceived. I read an article over the weekend on the business life expectancy of a CEO, has been dropping lately, and now around 3 years. Not even as long as we give a new President!! ----- Original Message ----- Sent: Tuesday, August 13, 2002 4:23 PM departure A question for the group- WON says to look for companies that have new management. However, many group members see the departure of a top exec as a red flag (i.e. CFO). But, wouldn't the addition of a new management member almost always follow the departure of a management member? Where do you draw the line? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re:Entry purchase Date: 13 Aug 2002 22:26:26 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00BC_01C24318.76B7D370 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Morris, unless you are extremely aggressive, I would not suggest buying = more than a half position. And, frankly, even considering buying in this = "M" already says you are aggressive, which is not recommended. You are = still fighting a trend, you want the trend to be your friend, not your = opponent. ----- Original Message -----=20 Sent: Tuesday, August 13, 2002 9:24 PM Hi Canslim Pros:=20 Assuming the M is going to turn, ( it didn't look that way today), = what are good parameters to consider when making an entry purchase. How = many shares is it wise to buy. This is a subject that hasn't been = discussed, what is WON's idea as=20 an entry?=20 Morris=20 ------=_NextPart_000_00BC_01C24318.76B7D370 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Morris, unless you are extremely aggressive, I = would not=20 suggest buying more than a half position. And, frankly, even considering = buying=20 in this "M" already says you are aggressive, which is not recommended. = You are=20 still fighting a trend, you want the trend to be your friend, not your=20 opponent.
 
----- Original Message -----=20
From: E2moskow@aol.com=20
Sent: Tuesday, August 13, 2002 9:24 PM
Subject: [CANSLIM] Re:Entry purchase

Hi Canslim = Pros:=20
    Assuming the M is going to turn, ( it didn't = look=20 that way today), what are good parameters to consider when making an = entry=20 purchase.  How many shares is it wise to buy.  This is a = subject that=20 hasn't been discussed, what is WON's idea as
an entry? =
Morris=20 ------=_NextPart_000_00BC_01C24318.76B7D370-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 13 Aug 2002 22:31:13 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00C8_01C24319.2185B790 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, haven't seen the chart you mention, but from the description the = key is volume dropping on the sideways move. Also, accumulation / = distribution is a very lagging indicator from my experience, I almost = never consider it in buy / hold / sell arguments with myself (I usually = lose!!). Being in the top 5 of its group, however, speaks to the "L" in = CANSLIM. ----- Original Message -----=20 Sent: Tuesday, August 13, 2002 10:06 PM Can you explain something for me? On the IBD wtw chart points 2 and 3. = I would have seen volumn dropping and the stock moving sideway and = thought it was about to take a dive. Instead, in this chart they said = it was good action. Am I wrong? I know in hindsite I can see what the = chart did, but not as it happened. Also it's group is D, its got an = acc/dist. of D and its 5 of the top 5 stocks. Would this keep you from = entering even though it has a breakout on high volumn? =20 ----- Original Message ----- From: Katherine Malm Sent: Tuesday, August 13, 2002 7:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Hi Mike, WTW didn't have the smoothest base, but it was a 12 week base = nonetheless. That's not unusual given the gyrations of the market as it's been = groping for this latest bottom. So that you can see my personal take on it, = I've annotated the chart at: http://WallStreet-LLC.com/canslim/WTW081302.jpg Gene noted that WTW is also featured in IBD's weblink today. They have = also annotated a chart, so you can see their interpretation at: http://www.investors.com/weblink/ Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 13, 2002 8:50 AM Subject: Re: [CANSLIM] Which One Is Better - Updated Katherine, Can you expound on the statement that WTW broke out? In looking at = the chart, I can sorta see a v shaped cwh, but in the handle, the volume = did NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: = [CANSLIM] Which One Is Better - Updated ission.com 08/12/2002 08:02 PM Please respond to canslim You know, I have a simple solution for this kind of dilemma....don't = use the numbers. I know it's tempting to use a number like this, as it seems to "tell = you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as = "mildly useful." Here's an example. I'll select a couple of stocks that have come up = for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I need to know about the stocks. Katherine ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture of = the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply to = my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet = been reflected in our Image Maps resource. We plan on making the update = soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect=AE Composite Rating = that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included = in the formula. Results are then compared to all other companies, and = each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup = uses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00C8_01C24319.2185B790 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy, haven't seen the chart you = mention, but from=20 the description the key is volume dropping on the sideways move. Also,=20 accumulation / distribution is a very lagging indicator from my = experience, I=20 almost never consider it in buy / hold / sell arguments with myself (I = usually=20 lose!!). Being in the top 5 of its group, however, speaks to the "L" in=20 CANSLIM.
 
----- Original Message -----=20
From: NANCY = POLCARO
To: canslim
Sent: Tuesday, August 13, 2002 10:06 PM
Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better -=20 Updated)

Can you explain something for me?  On the IBD wtw chart points = 2 and=20 3.  I would have seen volumn dropping and the stock moving sideway = and=20 thought it was about to take a dive.  Instead, in this chart they = said it=20 was good action.  Am I wrong?  I know in hindsite I can see = what the=20 chart did, but not as it happened.   Also it's =  group is D,=20 its got an acc/dist. of D and its 5 of the top 5 stocks.  Would = this keep=20 you from entering even though it has a breakout on high=20 volumn?  
 
----- Original Message -----
From:=20 Katherine Malm
Sent: Tuesday, August 13, 2002 = 7:33=20 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] Re: WTW = (was: Which=20 One Is Better - Updated)
 
Hi Mike,

WTW didn't have the smoothest base, = but it=20 was a 12 week base nonetheless.
That's not unusual given the = gyrations of=20 the market as it's been groping
for this latest bottom. So that you = can see=20 my personal take on it, I've
annotated the chart=20 = at:

http://WallStreet-LLC.com/canslim/WTW081302.jpg


Gen= e=20 noted that WTW is also featured in IBD's weblink today. They have=20 also
annotated a chart, so you can see their interpretation=20 = at:

http://www.investors.com/weblink/

Katherine

----= -=20 Original Message -----
From: = <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 = 8:50=20 AM
Subject: Re: [CANSLIM] Which One Is Better -=20 Updated



Katherine,

Can you expound on the = statement that=20 WTW broke out?  In looking at the
chart, I can sorta see a v = shaped=20 cwh, but in the handle, the volume did
NOT dry up.....what would = you say=20 the pivot point was?

Thanks

Mike Niemotka , PE
Sr. = Principal=20 Engineer
Baxter Healthcare Corporation
Route 120 & Wilson=20 Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847)=20 = 270-4525
michael_niemotka@baxter.com



   =             &= nbsp;   =20 "Katherine=20 = Malm"
          &nbs= p;        =20 = <kmalm@earthlink.net>       &nbs= p;=20 =             &= nbsp;=20 Sent=20 = by:           &nbs= p;         =20 = cc:
           =         =20 owner-canslim@lists.xm       =20 Subject:     Re: [CANSLIM]
Which One Is Better = -=20 = Updated
          &n= bsp;        =20 = ission.com


        &nb= sp;          =20 08/12/2002 08:02=20 = PM
           &= nbsp;       =20 Please respond=20 = to
           &= nbsp;       =20 canslim






You know, I have a simple solution = for this=20 kind of dilemma....don't use
the numbers.

I know it's = tempting to=20 use a number like this, as it seems to "tell you
everything" about = the=20 stock. But I think once you summarize summary
numbers, you're = asking for=20 trouble. I rank the composite score as = "mildly
useful."

Here's an=20 example. I'll select a couple of stocks that have come up = for
discussion=20 here in the last few months: WTW and TOL.

Scores?
WTW =3D = 96
TOL =3D=20 95

Yet, look at the charts. WTW broke out today, TOL is rolling = over=20 and
playing dead. Doesn't sound like a score of 95/96 "tells" me = everything=20 I
need to know about the stocks.

Katherine
----- Original = Message=20 -----
From: Gene Ricci
To: canslim@lists.xmission.com
Sent: = Monday,=20 August 12, 2002 7:41 PM
Subject: Re: [CANSLIM] Which One Is Better = -=20 Updated

Arghhh!
Same definition
Same data base
Same=20 company
different numbers!
----- Original Message -----
From: = Bill=20 Triffet
To: canslim@lists.xmission.com
Sent: Monday, August 12, = 2002=20 6:58 PM
Subject: Re: [CANSLIM] Which One Is Better - = Updated

Either=20 way, it appears that the IBD data paints a prettier picture of=20 the
stocks.

-Bill

----- Original Message = -----
From: "Gene=20 Ricci" <genr@swbell.net>
To:=20 <canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 = 4:50=20 PM
Subject: Re: [CANSLIM] Which One Is Better - = Updated


I just=20 had today's update figures for DGO sent to me.
The 3 columns are = 8/9 DGO=20 data
8/12 IBD readings 30 minutes ago
8/12 DGO just received = today's=20 download


Hi Katherine, I hadn't checked today and after = reading=20 your note, I
'thought' I was in error.

However, I just went = and=20 checked several=20 = stocks:
          &n= bsp;    =20 8/9  8/12 =20 = 8/12
           = ;     =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM         = 77   =20 85     =20 75
ABN         = 58   =20 67      =20 58
ACE         = 69   =20 86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different = numbers.

My=20 question still stands, which one is = better?

Gene



-----=20 Original Message -----
From: Katherine Malm
To:=20 canslim@lists.xmission.com
Sent: Monday, August 12, 2002 5:47=20 PM
Subject: Re: [CANSLIM] Which One Is Better


Hi=20 Gene,

There seems to be conflicting information on this...See = DGO's=20 reply to my
recent inquiry (7/31) about the very same=20 thing:




Hi Katherine,

Thank you for your = recent email=20 to Daily Graphs Online.

I apologize, but the recent additions = to our=20 services have not yet been
reflected in our Image Maps = resource.  We=20 plan on making the update soon.
TO address your question, I would = like to=20 confirm that the Composite
Rating
you see on our service is the = same=20 SmartSelect=AE Composite Rating that is
provided by the Investor's = Business=20 Daily and investors.com.

Please write back if you have any = questions or=20 need assistance.

Best regards,
Dan
Daily Graphs=20 Online
www.dailygraphs.com

----- Original Message = -----
From:=20 Gene Ricci
To: canslim@lists.xmission.com
Sent: Monday, August = 12, 2002=20 4:06 PM
Subject: [CANSLIM] Which One Is Better


Let's = see, IBD=20 provides an Overall Rating and now DGO provides a Composite
Rating. = Has=20 anyone determined which one is better?

Gene

The new = SmartSelect=AE=20 Composite Rating in Investor's Business Daily and
the Stock Checkup = Overall=20 Rating found on investors.com are based on
different = formulas.

The=20 SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings
into one=20 easy-to-use rating.  More weight is placed on EPS and = RS
Rating, and=20 the stock's percent off its 52-week high is also included in
the=20 formula.  Results are then compared to all other companies, and=20 each
company is assigned a rating from 1-99 with 99 being the = best. =20 This
rating is designed to help you get a quick feel for how a=20 company's
SmartSelect=AE Ratings compare to all other stocks in our = database.  This
is intended to be an additional tool to help = you find=20 the stocks with
the highest SmartSelect=AE Ratings, quickly and=20 easily.

The Overall Rating in the Stock Checkup is determined = by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings.=20 These are
the Technical Rating, Fundamental Rating, Attractiveness = Rating,=20 Group's
Technical Rating and Group's Fundamental Rating.  The = Stock=20 Checkup uses
over 30 different variables including all the = SmartSelect=AE=20 Ratings to
calculate the Overall Rating.  When using the Stock = Checkup, focus not
only on the Overall Rating but all 6 of the = Checkup=20 Ratings.  Also study
how the stock compares to its group = within the=20 individual Checkup
Ratings.



-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In the email body, write "subscribe = canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.





-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_00C8_01C24319.2185B790-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Re:Entry purchase Date: 13 Aug 2002 20:45:00 -0600 I think a good approximation is to put no more than 20% of your money into a single stock. O'Neil has some guidelines on this depending on your account size, I don't know them off the top of my head, but 20% would mean a max of 5 stocks, and that's pretty close to what he said. Also, a comforting thing to consider is that with no more than 20% of your money in one stock, you are risking only 1.6% or so of your account on one stock if I am doing my math correctly (1/5 of 8% max loss on a stock). So you can't get in too much trouble. If the market is lousy, like now, you may want to scale back below 20%. On 13 Aug 2002 at 21:24, E2moskow@aol.com wrote: > are good parameters to consider when making an entry purchase. How many > shares is it wise to buy. This is a subject that hasn't been discussed, > what is WON's idea as an entry? Morris > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 13 Aug 2002 22:46:54 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00D6_01C2431B.5215E5E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, retail investors don't have the staying power, by themselves, to = keep absorbing stock from sellers. Institutionals do, as they will place = an order at the brokerage house they use to by xxx thousands of shares = at a limit. The brokerage house will sit there on the bid taking it in, = occasionally jumping up and taking out a low offer that still permits = them to meet the limit set by the institutional on an average price per = share basis. The market will see that strength, and reconsider dumping = stock. Another institutional may see that strength on a company they = want, and join in adding more strength to it. But the institutionals, = and the brokerage houses that represent them in the market place, = usually will not go crazy and chase the price up, they will just sit = there and support the bid. If they have done their homework, they have = evaluated the company and already set a price they are willing to pay. ----- Original Message -----=20 Sent: Tuesday, August 13, 2002 10:10 PM can you explain your statement. Why would it mean this? nancy=20 ----- Original Message ----- From: Tom Worley Sent: Tuesday, August 13, 2002 7:54 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions on the downside, often suggests the point where institutional support exists, but only on the larger more liquid stocks. ----- Original Message ----- From: To: Sent: Tuesday, August 13, 2002 10:50 AM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Katherine: Couldn't "churning" also identify a stock which has been weak = (ie. in a downtrend), but then does not make any more headway down-and does this = on heavy volume. Wouldn't this indicate the end of the downtrend (or at least-the beginning of a consolidation, perhaps leading to the stock garnering strength?). Moreover, as distribution (as you pointed out) is likely at the = top (as indicated by the hi volume and stalling); wouldn't accumulation be = likely at the churning point in the downtrend (ie. since the stock is not = falling anymore and it is not doing it on hi volume-wouln't this signify that someone is buying up all the stock that someone else is selling) I bring up this question because I'm not sure of the answer. I = thought WON has said (or perhaps it was in an IBD Investors Corner article) = that "churning" can take place on the upside (to indicate future weakness) = or on the downside (to indicate future strength). In any event, what is your experience or observation or comments = and conclusions on my churning conundrum. jans In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time, kmalm@earthlink.net writes: > Long story short, churning/stalling is in reference to action = *after* a > stock or index has been rising, nears its highs, then starts acting = odd. > That is, large volume is no longer accompanied by significant upward = price > movement. In that sense, it is subtle distribution and is a > sign that the > stock may be topping and/or beginning a consolidating period - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00D6_01C2431B.5215E5E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy, retail investors don't have the = staying=20 power, by themselves, to keep absorbing stock from sellers. = Institutionals do,=20 as they will place an order at the brokerage house they use to by xxx = thousands=20 of shares at a limit. The brokerage house will sit there on the bid = taking it=20 in, occasionally jumping up and taking out a low offer that still = permits them=20 to meet the limit set by the institutional on an average price per share = basis.=20 The market will see that strength, and reconsider dumping stock. Another = institutional may see that strength on a company they want, and join in = adding=20 more strength to it. But the institutionals, and the brokerage houses = that=20 represent them in the market place, usually will not go crazy and chase = the=20 price up, they will just sit there and support the bid. If they have = done their=20 homework, they have evaluated the company and already set a price they = are=20 willing to pay.
 
----- Original Message -----=20
From: NANCY = POLCARO
To: canslim
Sent: Tuesday, August 13, 2002 10:10 PM
Subject: Re: [CANSLIM] cup-without-handle; "tightness"=20 questions

can you explain your statement.  Why would it mean this?=20 nancy 
 
----- Original Message -----
From:=20 Tom Worley
Sent: Tuesday, August 13, 2002 = 7:54=20 AM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM]=20 cup-without-handle; "tightness" questions
 
on the downside, often suggests the point where = institutional=20 support
exists, but only on the larger more liquid = stocks.

-----=20 Original Message -----
From: <Spencer48@aol.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 = 10:50=20 AM
Subject: Re: [CANSLIM] cup-without-handle; "tightness"=20 questions


Katherine:

     = Couldn't=20 "churning" also identify a stock which has been weak (ie. in = a
downtrend),=20 but then does not make any more headway down-and does this on
heavy = volume.  Wouldn't this indicate the end of the downtrend (or=20 at
least-the beginning of a consolidation, perhaps leading to the=20 stock
garnering strength?).

     = Moreover, as=20 distribution (as you pointed out) is likely at the top = (as
indicated by the=20 hi volume and stalling); wouldn't accumulation be likely at
the = churning=20 point in the downtrend (ie. since the stock is not falling
anymore = and it=20 is not doing it on hi volume-wouln't this signify that
someone is = buying up=20 all the stock that someone else is = selling)

     I=20 bring up this question because I'm not sure of the answer.  I=20 thought
WON has said (or perhaps it was in an IBD Investors Corner = article)=20 that
"churning" can take place on the upside (to indicate future = weakness)=20 or on
the downside (to indicate future=20 strength).

     In any event, what is your=20 experience or observation or comments and
conclusions on my = churning=20 = conundrum.


        &nb= sp;           &nbs= p;     =20 jans


In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern = Standard Time,
kmalm@earthlink.net writes:

> Long story = short,=20 churning/stalling is in reference to action *after* a
> stock or = index=20 has been rising, nears its highs, then starts acting odd.
> That = is,=20 large volume is no longer accompanied by significant upward = price
>=20 movement. In that sense, it is subtle distribution and is a
> = sign that=20 the
> stock may be topping and/or beginning a consolidating=20 period



-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.




-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_00D6_01C2431B.5215E5E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 13 Aug 2002 19:56:52 -0700 ------=_NextPart_001_0000_01C24303.913F41C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom-its the one in katherines post on weight watchers. The volumn droppe= d on what I thought was sideway movement but then the stock went up(in hi= ndsite). I would have thought it would go down.(Lower volumn). Am I miss= ing something about consolidation? =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:36 PM =20 Nancy, haven't seen the chart you mention, but from the description the k= ey is volume dropping on the sideways move. Also, accumulation / distribu= tion is a very lagging indicator from my experience, I almost never consi= der it in buy / hold / sell arguments with myself (I usually lose!!). Bei= ng in the top 5 of its group, however, speaks to the "L" in CANSLIM. =20 ----- Original Message ----- =20 Sent: Tuesday, August 13, 2002 10:06 PM Can you explain something for me? On the IBD wtw chart points 2 and 3. = I would have seen volumn dropping and the stock moving sideway and though= t it was about to take a dive. Instead, in this chart they said it was g= ood action. Am I wrong? I know in hindsite I can see what the chart did= , but not as it happened. Also it's group is D, its got an acc/dist. o= f D and its 5 of the top 5 stocks. Would this keep you from entering eve= n though it has a breakout on high volumn? =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:33 AM =20 Hi Mike, WTW didn't have the smoothest base, but it was a 12 week base nonetheless= . That's not unusual given the gyrations of the market as it's been groping for this latest bottom. So that you can see my personal take on it, I've annotated the chart at: http://WallStreet-LLC.com/canslim/WTW081302.jpg Gene noted that WTW is also featured in IBD's weblink today. They have al= so annotated a chart, so you can see their interpretation at: http://www.investors.com/weblink/ Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 8:50 AM Katherine, Can you expound on the statement that WTW broke out? In looking at the chart, I can sorta see a v shaped cwh, but in the handle, the volume did NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSL= IM] Which One Is Better - Updated ission.com 08/12/2002 08:02 PM Please respond to canslim You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine ----- Original Message ----- Sent: Monday, August 12, 2002 7:41 PM Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- Sent: Monday, August 12, 2002 6:58 PM Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- Sent: Monday, August 12, 2002 4:50 PM I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- Sent: Monday, August 12, 2002 5:47 PM Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect=AE Composite Rating that i= s provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- Sent: Monday, August 12, 2002 4:06 PM Let's see, IBD provides an Overall Rating and now DGO provides a Composit= e Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect=AE Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0000_01C24303.913F41C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom-its the one in katherines post on wei= ght watchers.  The volumn dropped on what I thought was sideway= movement but then the stock went up(in hindsite). I would have thought i= t would go down.(Lower volumn).  Am I missing something about consol= idation? 
 
----- Original Mes= sage -----
From: Tom Worley
= Sent: Tuesday, August 13, 2002 7:36 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Be= tter - Updated)
 
Nancy, haven't seen the chart you mention, but from the description the= key is volume dropping on the sideways move. Also, accumulation / distri= bution is a very lagging indicator from my experience, I almost never con= sider it in buy / hold / sell arguments with myself (I usually lose!!). B= eing in the top 5 of its group, however, speaks to the "L" in CANSLIM.
 
----- Original Message -----
To:= canslim
Sent: Tuesday, August 13, 200= 2 10:06 PM
Subject: Re: [CANSLIM] Re: WTW (was: Which O= ne Is Better - Updated)

Can you explain something for me?  On the IBD wtw= chart points 2 and 3.  I would have seen volumn dropping and the st= ock moving sideway and thought it was about to take a dive.  Instead= , in this chart they said it was good action.  Am I wrong?  I k= now in hindsite I can see what the chart did, but not as it happened.&nbs= p;  Also it's  group is D, its got an acc/dist. of D and i= ts 5 of the top 5 stocks.  Would this keep you from entering even th= ough it has a breakout on high volumn?  
 
----- Original Message= -----
From: Katherine Malm
= Sent: Tuesday, August 13, 2002 7:33 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Re: WTW (was: Which One Is Better= - Updated)
 
Hi Mike,

WTW didn't have the sm= oothest base, but it was a 12 week base nonetheless.
That's not unusua= l given the gyrations of the market as it's been groping
for this late= st bottom. So that you can see my personal take on it, I've
annotated = the chart at:

http://WallStreet-LLC.com/canslim/WTW081302.jpg
<= BR>
Gene noted that WTW is also featured in IBD's weblink today. They = have also
annotated a chart, so you can see their interpretation at:
http://www.investors.com/weblink/

Katherine

----- Ori= ginal Message -----
From: <michael_niemotka@baxter.com>
To: &= lt;canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 8:50 = AM
Subject: Re: [CANSLIM] Which One Is Better - Updated


Katherine,

Can you expound on the statement that WTW broke out?&n= bsp; In looking at the
chart, I can sorta see a v shaped cwh, but in t= he handle, the volume did
NOT dry up.....what would you say the pivot = point was?

Thanks

Mike Niemotka , PE
Sr. Principal Engin= eer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Ro= und Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael= _niemotka@baxter.com



      &= nbsp;           &n= bsp; "Katherine Malm"
        =             <km= alm@earthlink.net>         To:=
canslim@lists.xmission.com
      &nb= sp;           &nbs= p; Sent by:          &n= bsp;           cc:
&= nbsp;           &n= bsp;       owner-canslim@lists.xm &nbs= p;      Subject:     Re: [CA= NSLIM]
Which One Is Better - Updated
     =             &= nbsp;  ission.com


      &nb= sp;           &nbs= p; 08/12/2002 08:02 PM
        = ;            Pleas= e respond to
         &nb= sp;          canslim

=




You know, I have a simple solution for this kind of d= ilemma....don't use
the numbers.

I know it's tempting to use a = number like this, as it seems to "tell you
everything" about the stock= . But I think once you summarize summary
numbers, you're asking for tr= ouble. I rank the composite score as "mildly
useful."

Here's an= example. I'll select a couple of stocks that have come up for
discuss= ion here in the last few months: WTW and TOL.

Scores?
WTW =3D 9= 6
TOL =3D 95

Yet, look at the charts. WTW broke out today, TOL = is rolling over and
playing dead. Doesn't sound like a score of 95/96 = "tells" me everything I
need to know about the stocks.

Katherin= e
----- Original Message -----
From: Gene Ricci
To: canslim@list= s.xmission.com
Sent: Monday, August 12, 2002 7:41 PM
Subject: Re: [= CANSLIM] Which One Is Better - Updated

Arghhh!
Same definition<= BR>Same data base
Same company
different numbers!
----- Original= Message -----
From: Bill Triffet
To: canslim@lists.xmission.comSent: Monday, August 12, 2002 6:58 PM
Subject: Re: [CANSLIM] Which On= e Is Better - Updated

Either way, it appears that the IBD data pai= nts a prettier picture of the
stocks.

-Bill

----- Origin= al Message -----
From: "Gene Ricci" <genr@swbell.net>
To: <= ;canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 4:50 PM<= BR>Subject: Re: [CANSLIM] Which One Is Better - Updated


I just= had today's update figures for DGO sent to me.
The 3 columns are 8/9 = DGO data
8/12 IBD readings 30 minutes ago
8/12 DGO just received to= day's download


Hi Katherine, I hadn't checked today and after = reading your note, I
'thought' I was in error.

However, I just = went and checked several stocks:
      &= nbsp;         8/9  8/12 = ; 8/12
          &nb= sp;      DGO  IBD  DGO
AAON &n= bsp;   85     86    &nb= sp; 83
AIR          38&nb= sp;    55      32
ABCB &n= bsp;     89     90  &nb= sp;  90
ABM         77&nb= sp;   85      75
ABN  &nb= sp;      58    67  &nbs= p;    58
ACE       &= nbsp; 69    86        7= 1
ACMR     92     95 &nbs= p;     92
AES      &= nbsp;  24     30     &n= bsp; 25
AFCE      72     = 79       74
AFL    &= nbsp;    92     95   &n= bsp;   91


The first ten (10) I checked showed differ= ent numbers.

My question still stands, which one is better?
Gene



----- Original Message -----
From: Katherine Malm=
To: canslim@lists.xmission.com
Sent: Monday, August 12, 2002 5:47 = PM
Subject: Re: [CANSLIM] Which One Is Better


Hi Gene,
<= BR>There seems to be conflicting information on this...See DGO's reply to= my
recent inquiry (7/31) about the very same thing:



Hi Katherine,

Thank you for your recent email to Daily Graphs On= line.

I apologize, but the recent additions to our services have n= ot yet been
reflected in our Image Maps resource.  We plan on mak= ing the update soon.
TO address your question, I would like to confirm= that the Composite
Rating
you see on our service is the same Smart= Select=AE Composite Rating that is
provided by the Investor's Business= Daily and investors.com.

Please write back if you have any questi= ons or need assistance.

Best regards,
Dan
Daily Graphs Onlin= e
www.dailygraphs.com

----- Original Message -----
From: Gen= e Ricci
To: canslim@lists.xmission.com
Sent: Monday, August 12, 200= 2 4:06 PM
Subject: [CANSLIM] Which One Is Better


Let's see,= IBD provides an Overall Rating and now DGO provides a Composite
Ratin= g. Has anyone determined which one is better?

Gene

The new = SmartSelect=AE Composite Rating in Investor's Business Daily and
the S= tock Checkup Overall Rating found on investors.com are based on
differ= ent formulas.

The SmartSelect=AE Composite Rating combines all 5 S= martSelect Ratings
into one easy-to-use rating.  More weight is p= laced on EPS and RS
Rating, and the stock's percent off its 52-week hi= gh is also included in
the formula.  Results are then compared to= all other companies, and each
company is assigned a rating from 1-99 = with 99 being the best.  This
rating is designed to help you get = a quick feel for how a company's
SmartSelect=AE Ratings compare to all= other stocks in our database.  This
is intended to be an additio= nal tool to help you find the stocks with
the highest SmartSelect=AE R= atings, quickly and easily.

The Overall Rating in the Stock Checku= p is determined by a proprietary
formula incorporating all five of the= Stock Checkup ratings. These are
the Technical Rating, Fundamental Ra= ting, Attractiveness Rating, Group's
Technical Rating and Group's Fund= amental Rating.  The Stock Checkup uses
over 30 different variabl= es including all the SmartSelect=AE Ratings to
calculate the Overall R= ating.  When using the Stock Checkup, focus not
only on the Overa= ll Rating but all 6 of the Checkup Ratings.  Also study
how the s= tock compares to its group within the individual Checkup
Ratings.
<= BR>

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"=
-In the email body, write "subscribe canslim" or
-"unsubscribe can= slim".  Do not use quotes in your email.


-
-To subscri= be/unsubscribe, email "majordomo@xmission.com"
-In the email body, wri= te "subscribe canslim" or
-"unsubscribe canslim".  Do not use quo= tes in your email.





-
-To subscribe/unsubscribe,= email "majordomo@xmission.com"
-In the email body, write "subscribe c= anslim" or
-"unsubscribe canslim".  Do not use quotes in your ema= il.


-
-To subscribe/unsubscribe, email "majordomo@xmission.= com"
-In the email body, write "subscribe canslim" or
-"unsubscribe= canslim".  Do not use quotes in your email.
------=_NextPart_001_0000_01C24303.913F41C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 20:04:21 -0700 ------=_NextPart_001_0001_01C24304.9D563D00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is a trailing PE simply the last 8 or 10 quarters of earnings posted and = is that what you look for in the figures? =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:10 PM section) =20 I disagree, Harvey, we are talking about a snapshot in time, doesn't matt= er for that purpose if the forecasts prove to be real or imaginary. If the investing community, right now, perceive them to be real (or even likely) and they are far superior to the rest of the industry group, or the marke= t at large, then they can create an expectation. If those expectations late= r start to be questioned, then the charts will warn you with other companie= s reducing forecasts, reporting below expectations, price lines on charts trending down, etc. While I don't give any weight to trailing PEs, I do look at the actual earnings for apparent trends (especially sequentially), and also take not= e where forecasts were then available how they compare to what was then expected. I also apply the "logical" test to any forecasts, including see= ing what they must do for the remainder of the year just to make forecasts. ----- Original Message ----- Sent: Tuesday, August 13, 2002 4:18 PM dissection) A caution here, it's good to keep in mind that trailing PE ratios at leas= t are "real," while projected PE ratios are only as good as the earnings foreca= sts and can be way off, especially beyond the current quarter and FY. This risk = is reduced somewhat for older/larger companies that have a history of making= or exceeding the quarterly earnings forecasts, so called "positive surprises= ." That said, I consider both trailing and projected PEs in my stock selecti= on. > > And that's why looking at trailing PE ratios is a waste of time, they a= re > merely history, no one is likely to react to them. On the other hand, > forecasts / projected PE ratios can create a sense of expectation, henc= e > drive the price to where the stock trades at a premium based on that > expectation. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0001_01C24304.9D563D00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Is a trailing = PE simply the last 8 or 10 quarters of earnings posted and is that what y= ou look for in the figures? 
 
----- Original Message -----
From: Tom Worley
Sent: Tuesday, August 13, 2002 7:10 PM
To: canslim@lists.xmission.com=
Subject: Re: Pearl of Wisdom (was= [CANSLIM] CCR - I offer this up for dissection)
 
I= disagree, Harvey, we are talking about a snapshot in time, doesn't matte= r
for that purpose if the forecasts prove to be real or imaginary. If = the
investing community, right now, perceive them to be real (or even = likely)
and they are far superior to the rest of the industry group, o= r the market
at large, then they can create an expectation. If those e= xpectations later
start to be questioned, then the charts will warn yo= u with other companies
reducing forecasts, reporting below expectation= s, price lines on charts
trending down, etc.

While I don't give= any weight to trailing PEs, I do look at the actual
earnings for appa= rent trends (especially sequentially), and also take note
where foreca= sts were then available how they compare to what was then
expected. I = also apply the "logical" test to any forecasts, including seeing
what = they must do for the remainder of the year just to make forecasts.
----- Original Message -----
From: "Harvey Brion" <hbrion@ieee.org= >
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 1= 3, 2002 4:18 PM
Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I of= fer this up for
dissection)


A caution here, it's good to ke= ep in mind that trailing PE ratios at least
are
"real," while proje= cted PE ratios are only as good as the earnings forecasts
and
can b= e way off, especially beyond the current quarter and FY.  This risk = is
reduced somewhat for older/larger companies that have a history of = making or
exceeding the quarterly earnings forecasts, so called "posit= ive surprises."

That said, I consider both trailing and projected = PEs in my stock selection.


> <snip>
> And that'= s why looking at trailing PE ratios is a waste of time, they are
> = merely history, no one is likely to react to them. On the other hand,
= > forecasts / projected PE ratios can create a sense of expectation, h= ence
> drive the price to where the stock trades at a premium based= on that
> expectation.
> <snip>


-
-To su= bscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body= , write "subscribe canslim" or
-"unsubscribe canslim".  Do not us= e quotes in your email.



-
-To subscribe/unsubscribe, em= ail "majordomo@xmission.com"
-In the email body, write "subscribe cans= lim" or
-"unsubscribe canslim".  Do not use quotes in your email.=
------=_NextPart_001_0001_01C24304.9D563D00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 20:07:54 -0700 ------=_NextPart_001_0002_01C24305.1C191AE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly-will you please tell me what sources you used to get your figures??= =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 6:18 PM section) =20 I know - our moments of feeling good are limited when your new-huh! It l= aid out a format for me that I could understand, kind of like mikes cwhan= dle chart. No one said a lot was missing, so Im using it for a reference= right now with your permission. Glad you had a smile-Nancy =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:02 AM section) =20 Nancy, Believe me when I tell you that your words of thanks are misdirected! The= true Pearls of Wisdom came from several group members- but none of them = by the name of Kelly. I too was the recipient, not sender, of such wisdom= . I believe Winston expelled most of these pearls and I too would like to= know where he would get such information to answer Question #4. So- not = to pass the buck- but..... Winston???? Any other Pearls hiding beneath th= e shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. Squad? And Nancy- thank you for the praise! It felt great if only for a fleeting= moment! Kelly -----Original Message----- Sent: Monday, August 12, 2002 6:57 PM dissection) Kelly-catching up on myt mail also-I thought your presentation was really= =20 good-I wish I was that far right now. Can you tell me where you got your= =20 info? IBD? Daily Graphs? Other source? Thanks nancy >From: "Duke Miller" >Reply-To: canslim@lists.xmission.com >To: >Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for =20 >dissection) >Date: Sun, 11 Aug 2002 09:33:54 -0400 > >Winston, et al: > >I'm catching up with my backlog of CANSLIM list messages, and a thought >just occurred to me after reading Winston's reply to Kelly below. (Sans >header I would have surely assumed it was Katherine's response!) > >Your point #4 is a true Pearl of Wisdom--I.e., it provokes further >thought, and is what I call an "a-ha". The reason? How bombarded we >are with information and desktops riddled with shortcuts to investment >net "tools." But when it's all said and done--technicals, >fundamentals, charts, ratings, etc.--spending time in thought about how >will the rest of the market...react to the point or issue and how >soon--is what it's all about, isn't it? You can't measure it, you can >accurately predict it, can't touch it, can't feel it. But if the >response to that question is not, albeit in you gut, positive, you >shouldn't touch it, should you? > >Thank you for that. > >Duke > > > -----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little >Sent: Friday, August 09, 2002 12:15 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >My hope is that the note was of some help, but please keep the following >in mind: >1. The goal is neither to whip or throw you back into the pond. >2. ALWAYS QUESTION anything that is said or stated.... do you agree with >the point or issue stated or asked? >3. If you agree with the point, then is what is the significance of the >point or issue? The point may be true but of little value. >4. How will the rest of the market traders/investors/or others react to >the point or issue, and how soon? >Depending on the results of the evaluate the points above (or others), >you may then want to respond and show the other person a different >perspective. > > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Friday, August 09, 2002 11:22 AM >Subject: RE: [CANSLIM] CCR - I offer this up for dissection > >Winston, > >You give me new understanding of DD. After reading your email I whip >myself for not investigating further before posting. Back to the newbie >pond for me. I feel like those Snakehead fish in Maryland- so close to >making it from the pond to the big river, then the big bad human ("M") >comes and throws me back in the pond. Thanks for your observations- I'll >keep hacking away. > >Kelly > -----Original Message----- >From: Winston Little [mailto:wlittle1@peoplepc.com] >Sent: Thursday, August 08, 2002 4:31 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >A few comments: >1. Chart pattern: >If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup >which is not ideal. >2. Handle is 2 days long (minimum desired is five days) on 03 and 05 >Aug. >3. Heavy volume in handle (again undesirable) >4. Breakout volume on 06 Aug was 166% of average daily =3D ok. >5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the >top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception >was the government sponsored agency FRE (Freddie Mac) at 31. >6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 >million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 >in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was >highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may >be a re-statement in the works as day of reckoning approaches for CEO >and CFO? >CCR is believed to be a sub-prime lender. Does this mean difficulty as >the slow economy persists and consumers start to run out of cash? > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Thursday, August 08, 2002 4:50 PM >Subject: [CANSLIM] CCR - I offer this up for dissection > >CCR - Countrywide Cr Inds Inc > >EPS growth could be better but are we more forgiving over the past 3 >qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in >itself is an accomplishment)? Appears to be coming out of CWH formation >(all though not as beautiful a formation as the Mona Lisa or anything >IBD would show us). Thoughts? > > >IBD Ratings >Smart Select 99 >EPS Rating 94 >RPS 89 >Industry Group Rank A >S+P M+ROE A >A/D A+ > > >Technical Rating 98 >Fundamental Rating 96 >Attractiveness Rating 99 >Group's Technical Rating 79 >Group's Fundamental Rating 86 > > > >Rank within Industry Group >Industry Rank (08/08/02) 32 > >Overall 100 >Technical 100 >Fundamental 91 >Attriveness 100 >Top 5 Companies w/in Group > > > >CCR > > > >DORL > > > >NCEN > > > >NDE > > > >FRE >Group % Chg to Date 2% >Group % Chg Last 12 mths 4% >Group % Chg Last 4 weeks 4% > > >Performance > >Up/Down Vol 1.3 >3 Yr. EPS Growth 16% >3 Yr. Sales Growth 25% >EPS Growth (Quarterly) % Chg >Qtr -1 $0.64 5% >Qtr -2 $0.61 8% >Qtr -3 $0.56 5% >Qtr -4 $0.53 8% >Qtr -5 $0.49 0% >Qtr -6 $0.49 > >Revenue Growth >Qtr -1 293,159 3% >Qtr -2 285,799 1% >Qtr -3 283,199 1% >Qtr -4 281,332 3% >Qtr -5 272,860 0% >Qtr -6 272,489 > > _____ > >For your protection, this e-mail message has been scanned for viruses. > >Visit us at http://www.neoris.com/ > > _____ > > > > _________________________________________________________________ Join the world's largest e-mail service with MSN Hotmail. =20 http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0002_01C24305.1C191AE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly-will you= please tell me what sources you used to get your figures?? 
<= DIV> 
=
----- Original Message -----
From: NANCY POLCARO
Sent: Tuesda= y, August 13, 2002 6:18 PM
To: canslim
Subject: Re: Pear= l of Wisdom (was [CANSLIM] CCR - I offer this up for dissection)
 
I know - our moments of feeling good are limited whe= n your new-huh!  It laid out a format for me that I could understand= , kind of like mikes cwhandle chart.  No one said a lot was missing,= so Im using it for a reference right now with your permission. = ;  Glad you had a smile-Nancy
 
From: Kelly Short
Sent: Tuesday, August 13, 2002 7:02 AM
To: canslim@lists.xmission.com=
Subject: RE: Pearl of Wisdom (was= [CANSLIM] CCR - I offer this up for dissection)
 
N= ancy,

Believe me when I tell you that your words of thanks are mis= directed! The true Pearls of Wisdom came from several group members- but = none of them by the name of Kelly. I too was the recipient, not sender, o= f such wisdom. I believe Winston expelled most of these pearls and I too = would like to know where he would get such information to answer Question= #4. So- not to pass the buck- but..... Winston???? Any other Pearls hidi= ng beneath the shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. = Squad?

And Nancy- thank you for the praise! It felt great if only = for a fleeting moment!

Kelly

-----Original Message-----
= nslim@lists.xmission.com
Subject: Re: Pearl of Wisdom (was [CANSLIM] C= CR - I offer this up for
dissection)


Kelly-catching up on m= yt mail also-I thought your presentation was really
good-I wish I was= that far right now.  Can you tell me where you got your
info? I= BD? Daily Graphs?  Other source? Thanks nancy


>From: "= Duke Miller" <dukemill@tampabay.rr.com>
>Reply-To: canslim@li= sts.xmission.com
>To: <canslim@lists.xmission.com>
>Sub= ject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for
>di= ssection)
>Date: Sun, 11 Aug 2002 09:33:54 -0400
>
>Win= ston, et al:
>
>I'm catching up with my backlog of CANSLIM li= st messages, and a thought
>just occurred to me after reading Winst= on's reply to Kelly below.  (Sans
>header I would have surely = assumed it was Katherine's response!)
>
>Your point #4 is a t= rue Pearl of Wisdom--I.e., it provokes further
>thought, and is wha= t I call an "a-ha".   The reason?  How bombarded we
>= ;are with information and desktops riddled with shortcuts to investment>net "tools."   But when it's all said and done--technical= s,
>fundamentals, charts, ratings, etc.--spending time in thought a= bout how
>will the rest of the market...react to the point or issue= and how
>soon--is what it's all about, isn't it?  You can't m= easure it, you can
>accurately predict it, can't touch it, can't fe= el it.  But if the
>response to that question is not, albeit i= n you gut, positive, you
>shouldn't touch it, should you?
>>Thank you for that.
>
>Duke
>
>
>&nbs= p; -----Original Message-----
>From: owner-canslim@lists.xmission.c= om
>[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston = Little
>Sent: Friday, August 09, 2002 12:15 PM
>To: canslim@l= ists.xmission.com
>Subject: Re: [CANSLIM] CCR - I offer this up for= dissection
>
>
>
>Kelly:
>My hope is that = the note was of some help, but please keep the following
>in mind:<= BR>>1. The goal is neither to whip or throw you back into the pond.>2. ALWAYS QUESTION anything that is said or stated.... do you agree = with
>the point or issue stated or asked?
>3. If you agree wi= th the point, then is what is the significance of the
>point or iss= ue? The point may be true but of little value.
>4. How will the res= t of the market traders/investors/or others  react to
>the poi= nt or issue, and how soon?
>Depending on the results of  the e= valuate the points above (or others),
>you may then want to respond= and show the other person a different
>perspective.
>
>= ;
>----- Original Message -----
>From: Kelly Short <mailto= :kelly.short@tx.us.neoris.com>
>To: canslim@lists.xmission.com>Sent: Friday, August 09, 2002 11:22 AM
>Subject: RE: [CANSLIM= ] CCR - I offer this up for dissection
>
>Winston,
>>You give me new understanding of DD. After reading your email I whip=
>myself for not investigating further before posting. Back to the = newbie
>pond for me. I feel like those Snakehead fish in Maryland- = so close to
>making it from the pond to the big river, then the big= bad human ("M")
>comes and throws me back in the pond. Thanks for = your observations- I'll
>keep hacking away.
>
>Kelly>  -----Original Message-----
>From: Winston Little [mailt= o:wlittle1@peoplepc.com]
>Sent: Thursday, August 08, 2002 4:31 PM>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] CCR - = I offer this up for dissection
>
>
>
>Kelly:
&= gt;A few comments:
>1. Chart pattern:
>If cup-with handle (st= art 27 May, end 01 Aug) then the shape is V-Cup
>which is not ideal= .
>2. Handle is 2 days long (minimum desired is five days) on 03 an= d 05
>Aug.
>3. Heavy volume in handle (again undesirable)
= >4. Breakout volume on 06 Aug was 166% of average daily =3D ok.
>= ;5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the=
>top five of the IBD group were at 0.98, 0.18 and 0.83. The one ex= ception
>was the government sponsored agency FRE (Freddie Mac) at 3= 1.
>6. Largest concern was roll off in revenue in Q2 of 2002 to $$9= 98
>million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001= , $1234
>in Q2 of 2001 etc.  Surprisingly the eps reported in = Q2 of 2002 was
>highest at $1.48 up from $1.32 in Q1 of 2002. Does = this imply there may
>be a re-statement in the works as day of reck= oning approaches for CEO
>and CFO?
>CCR is believed to be a s= ub-prime lender. Does this mean difficulty as
>the slow economy per= sists and consumers start to run out of cash?
>
>----- Origin= al Message -----
>From: Kelly Short <mailto:kelly.short@tx.us.ne= oris.com>
>To: canslim@lists.xmission.com
>Sent: Thursday,= August 08, 2002 4:50 PM
>Subject: [CANSLIM] CCR - I offer this up = for dissection
>
>CCR - Countrywide Cr Inds Inc
>
&g= t;EPS growth could be better but are we more forgiving over the past 3>qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in=
>itself is an accomplishment)? Appears to be coming out of CWH for= mation
>(all though not as beautiful a formation as the Mona Lisa o= r anything
>IBD would show us). Thoughts?
>
>
>IB= D Ratings
>Smart Select 99
>EPS Rating 94
>RPS 89
&g= t;Industry Group Rank A
>S+P M+ROE A
>A/D A+
>
><= BR>>Technical Rating 98
>Fundamental Rating 96
>Attractive= ness Rating 99
>Group's Technical Rating 79
>Group's Fundamen= tal Rating 86
>
>
>
>Rank within Industry Group>Industry Rank (08/08/02) 32
>
>Overall 100
>Techn= ical 100
>Fundamental 91
>Attriveness 100
>Top 5 Compan= ies w/in Group
>
>
>
>CCR
>
>
>=
>DORL
>
>
>
>NCEN
>
>
><= BR>>NDE
>
>
>
>FRE
>Group % Chg to Date = 2%
>Group % Chg Last 12 mths 4%
>Group % Chg Last 4 weeks 4%<= BR>>
>
>Performance
>
>Up/Down Vol 1.3
>= 3 Yr. EPS Growth 16%
>3 Yr. Sales Growth 25%
>EPS Growth (Qua= rterly) % Chg
>Qtr -1 $0.64 5%
>Qtr -2 $0.61 8%
>Qtr -3= $0.56 5%
>Qtr -4 $0.53 8%
>Qtr -5 $0.49 0%
>Qtr -6 $0.= 49
>
>Revenue Growth
>Qtr -1 293,159 3%
>Qtr -2 2= 85,799 1%
>Qtr -3 283,199 1%
>Qtr -4 281,332 3%
>Qtr -5= 272,860 0%
>Qtr -6 272,489
>
>   _____
&g= t;
>For your protection, this e-mail message has been scanned for v= iruses.
>
>Visit us at http://www.neoris.com/
>
>=    _____
>
>
>
>




___= ______________________________________________________________
Join th= e world's largest e-mail service with MSN Hotmail.
http://www.hotmail= .com


-
-To subscribe/unsubscribe, email "majordomo@xmission= .com"
-In the email body, write "subscribe canslim" or
-"unsubscrib= e canslim".  Do not use quotes in your email.

_______________= _____________________________________________________________
For your= protection, this e-mail message has been scanned for viruses.
Visit u= s at http://www.neoris.com/

-
-To subscribe/unsubscribe, email = "majordomo@xmission.com"
-In the email body, write "subscribe canslim"= or
-"unsubscribe canslim".  Do not use quotes in your email.
=
------=_NextPart_001_0002_01C24305.1C191AE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 20:07:54 -0700 ------=_NextPart_001_0002_01C24305.1C191AE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly-will you please tell me what sources you used to get your figures??= =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 6:18 PM section) =20 I know - our moments of feeling good are limited when your new-huh! It l= aid out a format for me that I could understand, kind of like mikes cwhan= dle chart. No one said a lot was missing, so Im using it for a reference= right now with your permission. Glad you had a smile-Nancy =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:02 AM section) =20 Nancy, Believe me when I tell you that your words of thanks are misdirected! The= true Pearls of Wisdom came from several group members- but none of them = by the name of Kelly. I too was the recipient, not sender, of such wisdom= . I believe Winston expelled most of these pearls and I too would like to= know where he would get such information to answer Question #4. So- not = to pass the buck- but..... Winston???? Any other Pearls hiding beneath th= e shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. Squad? And Nancy- thank you for the praise! It felt great if only for a fleeting= moment! Kelly -----Original Message----- Sent: Monday, August 12, 2002 6:57 PM dissection) Kelly-catching up on myt mail also-I thought your presentation was really= =20 good-I wish I was that far right now. Can you tell me where you got your= =20 info? IBD? Daily Graphs? Other source? Thanks nancy >From: "Duke Miller" >Reply-To: canslim@lists.xmission.com >To: >Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for =20 >dissection) >Date: Sun, 11 Aug 2002 09:33:54 -0400 > >Winston, et al: > >I'm catching up with my backlog of CANSLIM list messages, and a thought >just occurred to me after reading Winston's reply to Kelly below. (Sans >header I would have surely assumed it was Katherine's response!) > >Your point #4 is a true Pearl of Wisdom--I.e., it provokes further >thought, and is what I call an "a-ha". The reason? How bombarded we >are with information and desktops riddled with shortcuts to investment >net "tools." But when it's all said and done--technicals, >fundamentals, charts, ratings, etc.--spending time in thought about how >will the rest of the market...react to the point or issue and how >soon--is what it's all about, isn't it? You can't measure it, you can >accurately predict it, can't touch it, can't feel it. But if the >response to that question is not, albeit in you gut, positive, you >shouldn't touch it, should you? > >Thank you for that. > >Duke > > > -----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little >Sent: Friday, August 09, 2002 12:15 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >My hope is that the note was of some help, but please keep the following >in mind: >1. The goal is neither to whip or throw you back into the pond. >2. ALWAYS QUESTION anything that is said or stated.... do you agree with >the point or issue stated or asked? >3. If you agree with the point, then is what is the significance of the >point or issue? The point may be true but of little value. >4. How will the rest of the market traders/investors/or others react to >the point or issue, and how soon? >Depending on the results of the evaluate the points above (or others), >you may then want to respond and show the other person a different >perspective. > > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Friday, August 09, 2002 11:22 AM >Subject: RE: [CANSLIM] CCR - I offer this up for dissection > >Winston, > >You give me new understanding of DD. After reading your email I whip >myself for not investigating further before posting. Back to the newbie >pond for me. I feel like those Snakehead fish in Maryland- so close to >making it from the pond to the big river, then the big bad human ("M") >comes and throws me back in the pond. Thanks for your observations- I'll >keep hacking away. > >Kelly > -----Original Message----- >From: Winston Little [mailto:wlittle1@peoplepc.com] >Sent: Thursday, August 08, 2002 4:31 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] CCR - I offer this up for dissection > > > >Kelly: >A few comments: >1. Chart pattern: >If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup >which is not ideal. >2. Handle is 2 days long (minimum desired is five days) on 03 and 05 >Aug. >3. Heavy volume in handle (again undesirable) >4. Breakout volume on 06 Aug was 166% of average daily =3D ok. >5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the >top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception >was the government sponsored agency FRE (Freddie Mac) at 31. >6. Largest concern was roll off in revenue in Q2 of 2002 to $$998 >million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234 >in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was >highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may >be a re-statement in the works as day of reckoning approaches for CEO >and CFO? >CCR is believed to be a sub-prime lender. Does this mean difficulty as >the slow economy persists and consumers start to run out of cash? > >----- Original Message ----- >From: Kelly Short >To: canslim@lists.xmission.com >Sent: Thursday, August 08, 2002 4:50 PM >Subject: [CANSLIM] CCR - I offer this up for dissection > >CCR - Countrywide Cr Inds Inc > >EPS growth could be better but are we more forgiving over the past 3 >qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in >itself is an accomplishment)? Appears to be coming out of CWH formation >(all though not as beautiful a formation as the Mona Lisa or anything >IBD would show us). Thoughts? > > >IBD Ratings >Smart Select 99 >EPS Rating 94 >RPS 89 >Industry Group Rank A >S+P M+ROE A >A/D A+ > > >Technical Rating 98 >Fundamental Rating 96 >Attractiveness Rating 99 >Group's Technical Rating 79 >Group's Fundamental Rating 86 > > > >Rank within Industry Group >Industry Rank (08/08/02) 32 > >Overall 100 >Technical 100 >Fundamental 91 >Attriveness 100 >Top 5 Companies w/in Group > > > >CCR > > > >DORL > > > >NCEN > > > >NDE > > > >FRE >Group % Chg to Date 2% >Group % Chg Last 12 mths 4% >Group % Chg Last 4 weeks 4% > > >Performance > >Up/Down Vol 1.3 >3 Yr. EPS Growth 16% >3 Yr. Sales Growth 25% >EPS Growth (Quarterly) % Chg >Qtr -1 $0.64 5% >Qtr -2 $0.61 8% >Qtr -3 $0.56 5% >Qtr -4 $0.53 8% >Qtr -5 $0.49 0% >Qtr -6 $0.49 > >Revenue Growth >Qtr -1 293,159 3% >Qtr -2 285,799 1% >Qtr -3 283,199 1% >Qtr -4 281,332 3% >Qtr -5 272,860 0% >Qtr -6 272,489 > > _____ > >For your protection, this e-mail message has been scanned for viruses. > >Visit us at http://www.neoris.com/ > > _____ > > > > _________________________________________________________________ Join the world's largest e-mail service with MSN Hotmail. =20 http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0002_01C24305.1C191AE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly-will you= please tell me what sources you used to get your figures?? 
<= DIV> 
=
----- Original Message -----
From: NANCY POLCARO
Sent: Tuesda= y, August 13, 2002 6:18 PM
To: canslim
Subject: Re: Pear= l of Wisdom (was [CANSLIM] CCR - I offer this up for dissection)
 
I know - our moments of feeling good are limited whe= n your new-huh!  It laid out a format for me that I could understand= , kind of like mikes cwhandle chart.  No one said a lot was missing,= so Im using it for a reference right now with your permission. = ;  Glad you had a smile-Nancy
 
From: Kelly Short
Sent: Tuesday, August 13, 2002 7:02 AM
To: canslim@lists.xmission.com=
Subject: RE: Pearl of Wisdom (was= [CANSLIM] CCR - I offer this up for dissection)
 
N= ancy,

Believe me when I tell you that your words of thanks are mis= directed! The true Pearls of Wisdom came from several group members- but = none of them by the name of Kelly. I too was the recipient, not sender, o= f such wisdom. I believe Winston expelled most of these pearls and I too = would like to know where he would get such information to answer Question= #4. So- not to pass the buck- but..... Winston???? Any other Pearls hidi= ng beneath the shell? Katherine? Fred? Duke? Tom? The rest of the M.O.B. = Squad?

And Nancy- thank you for the praise! It felt great if only = for a fleeting moment!

Kelly

-----Original Message-----
= nslim@lists.xmission.com
Subject: Re: Pearl of Wisdom (was [CANSLIM] C= CR - I offer this up for
dissection)


Kelly-catching up on m= yt mail also-I thought your presentation was really
good-I wish I was= that far right now.  Can you tell me where you got your
info? I= BD? Daily Graphs?  Other source? Thanks nancy


>From: "= Duke Miller" <dukemill@tampabay.rr.com>
>Reply-To: canslim@li= sts.xmission.com
>To: <canslim@lists.xmission.com>
>Sub= ject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for
>di= ssection)
>Date: Sun, 11 Aug 2002 09:33:54 -0400
>
>Win= ston, et al:
>
>I'm catching up with my backlog of CANSLIM li= st messages, and a thought
>just occurred to me after reading Winst= on's reply to Kelly below.  (Sans
>header I would have surely = assumed it was Katherine's response!)
>
>Your point #4 is a t= rue Pearl of Wisdom--I.e., it provokes further
>thought, and is wha= t I call an "a-ha".   The reason?  How bombarded we
>= ;are with information and desktops riddled with shortcuts to investment>net "tools."   But when it's all said and done--technical= s,
>fundamentals, charts, ratings, etc.--spending time in thought a= bout how
>will the rest of the market...react to the point or issue= and how
>soon--is what it's all about, isn't it?  You can't m= easure it, you can
>accurately predict it, can't touch it, can't fe= el it.  But if the
>response to that question is not, albeit i= n you gut, positive, you
>shouldn't touch it, should you?
>>Thank you for that.
>
>Duke
>
>
>&nbs= p; -----Original Message-----
>From: owner-canslim@lists.xmission.c= om
>[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston = Little
>Sent: Friday, August 09, 2002 12:15 PM
>To: canslim@l= ists.xmission.com
>Subject: Re: [CANSLIM] CCR - I offer this up for= dissection
>
>
>
>Kelly:
>My hope is that = the note was of some help, but please keep the following
>in mind:<= BR>>1. The goal is neither to whip or throw you back into the pond.>2. ALWAYS QUESTION anything that is said or stated.... do you agree = with
>the point or issue stated or asked?
>3. If you agree wi= th the point, then is what is the significance of the
>point or iss= ue? The point may be true but of little value.
>4. How will the res= t of the market traders/investors/or others  react to
>the poi= nt or issue, and how soon?
>Depending on the results of  the e= valuate the points above (or others),
>you may then want to respond= and show the other person a different
>perspective.
>
>= ;
>----- Original Message -----
>From: Kelly Short <mailto= :kelly.short@tx.us.neoris.com>
>To: canslim@lists.xmission.com>Sent: Friday, August 09, 2002 11:22 AM
>Subject: RE: [CANSLIM= ] CCR - I offer this up for dissection
>
>Winston,
>>You give me new understanding of DD. After reading your email I whip=
>myself for not investigating further before posting. Back to the = newbie
>pond for me. I feel like those Snakehead fish in Maryland- = so close to
>making it from the pond to the big river, then the big= bad human ("M")
>comes and throws me back in the pond. Thanks for = your observations- I'll
>keep hacking away.
>
>Kelly>  -----Original Message-----
>From: Winston Little [mailt= o:wlittle1@peoplepc.com]
>Sent: Thursday, August 08, 2002 4:31 PM>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] CCR - = I offer this up for dissection
>
>
>
>Kelly:
&= gt;A few comments:
>1. Chart pattern:
>If cup-with handle (st= art 27 May, end 01 Aug) then the shape is V-Cup
>which is not ideal= .
>2. Handle is 2 days long (minimum desired is five days) on 03 an= d 05
>Aug.
>3. Heavy volume in handle (again undesirable)
= >4. Breakout volume on 06 Aug was 166% of average daily =3D ok.
>= ;5. Debt to equity ratio =3D 4.3 This may be a bit high, as others in the=
>top five of the IBD group were at 0.98, 0.18 and 0.83. The one ex= ception
>was the government sponsored agency FRE (Freddie Mac) at 3= 1.
>6. Largest concern was roll off in revenue in Q2 of 2002 to $$9= 98
>million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001= , $1234
>in Q2 of 2001 etc.  Surprisingly the eps reported in = Q2 of 2002 was
>highest at $1.48 up from $1.32 in Q1 of 2002. Does = this imply there may
>be a re-statement in the works as day of reck= oning approaches for CEO
>and CFO?
>CCR is believed to be a s= ub-prime lender. Does this mean difficulty as
>the slow economy per= sists and consumers start to run out of cash?
>
>----- Origin= al Message -----
>From: Kelly Short <mailto:kelly.short@tx.us.ne= oris.com>
>To: canslim@lists.xmission.com
>Sent: Thursday,= August 08, 2002 4:50 PM
>Subject: [CANSLIM] CCR - I offer this up = for dissection
>
>CCR - Countrywide Cr Inds Inc
>
&g= t;EPS growth could be better but are we more forgiving over the past 3>qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in=
>itself is an accomplishment)? Appears to be coming out of CWH for= mation
>(all though not as beautiful a formation as the Mona Lisa o= r anything
>IBD would show us). Thoughts?
>
>
>IB= D Ratings
>Smart Select 99
>EPS Rating 94
>RPS 89
&g= t;Industry Group Rank A
>S+P M+ROE A
>A/D A+
>
><= BR>>Technical Rating 98
>Fundamental Rating 96
>Attractive= ness Rating 99
>Group's Technical Rating 79
>Group's Fundamen= tal Rating 86
>
>
>
>Rank within Industry Group>Industry Rank (08/08/02) 32
>
>Overall 100
>Techn= ical 100
>Fundamental 91
>Attriveness 100
>Top 5 Compan= ies w/in Group
>
>
>
>CCR
>
>
>=
>DORL
>
>
>
>NCEN
>
>
><= BR>>NDE
>
>
>
>FRE
>Group % Chg to Date = 2%
>Group % Chg Last 12 mths 4%
>Group % Chg Last 4 weeks 4%<= BR>>
>
>Performance
>
>Up/Down Vol 1.3
>= 3 Yr. EPS Growth 16%
>3 Yr. Sales Growth 25%
>EPS Growth (Qua= rterly) % Chg
>Qtr -1 $0.64 5%
>Qtr -2 $0.61 8%
>Qtr -3= $0.56 5%
>Qtr -4 $0.53 8%
>Qtr -5 $0.49 0%
>Qtr -6 $0.= 49
>
>Revenue Growth
>Qtr -1 293,159 3%
>Qtr -2 2= 85,799 1%
>Qtr -3 283,199 1%
>Qtr -4 281,332 3%
>Qtr -5= 272,860 0%
>Qtr -6 272,489
>
>   _____
&g= t;
>For your protection, this e-mail message has been scanned for v= iruses.
>
>Visit us at http://www.neoris.com/
>
>=    _____
>
>
>
>




___= ______________________________________________________________
Join th= e world's largest e-mail service with MSN Hotmail.
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_______________= _____________________________________________________________
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-
-To subscribe/unsubscribe, email = "majordomo@xmission.com"
-In the email body, write "subscribe canslim"= or
-"unsubscribe canslim".  Do not use quotes in your email.
=
------=_NextPart_001_0002_01C24305.1C191AE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) Date: 13 Aug 2002 23:05:25 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0110_01C2431D.E8DA04F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, PE is always measured over a 12 month period (4 quarters). When I = see a company that 3 or 4 quarters ago had an unusual loss, I also like = to look at the two latest quarters in making my own assessment of what = the future may hold, and what the PE may change to if the company = continues performing as it has done more recently. Often replacing an = old loss with a projected gain can change the projected PE into a small = number from the very large one shown on a trailing 12 month basis. ----- Original Message -----=20 Sent: Tuesday, August 13, 2002 11:04 PM dissection) Is a trailing PE simply the last 8 or 10 quarters of earnings posted and = is that what you look for in the figures?=20 ----- Original Message ----- From: Tom Worley Sent: Tuesday, August 13, 2002 7:10 PM To: canslim@lists.xmission.com Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for = dissection) I disagree, Harvey, we are talking about a snapshot in time, doesn't = matter for that purpose if the forecasts prove to be real or imaginary. If = the investing community, right now, perceive them to be real (or even = likely) and they are far superior to the rest of the industry group, or the = market at large, then they can create an expectation. If those expectations = later start to be questioned, then the charts will warn you with other = companies reducing forecasts, reporting below expectations, price lines on = charts trending down, etc. While I don't give any weight to trailing PEs, I do look at the actual earnings for apparent trends (especially sequentially), and also take = note where forecasts were then available how they compare to what was then expected. I also apply the "logical" test to any forecasts, including = seeing what they must do for the remainder of the year just to make = forecasts. ----- Original Message ----- From: "Harvey Brion" To: Sent: Tuesday, August 13, 2002 4:18 PM Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) A caution here, it's good to keep in mind that trailing PE ratios at = least are "real," while projected PE ratios are only as good as the earnings = forecasts and can be way off, especially beyond the current quarter and FY. This = risk is reduced somewhat for older/larger companies that have a history of = making or exceeding the quarterly earnings forecasts, so called "positive = surprises." That said, I consider both trailing and projected PEs in my stock = selection. > > And that's why looking at trailing PE ratios is a waste of time, = they are > merely history, no one is likely to react to them. On the other = hand, > forecasts / projected PE ratios can create a sense of expectation, = hence > drive the price to where the stock trades at a premium based on that > expectation. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0110_01C2431D.E8DA04F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy, PE is always measured over a 12 = month period=20 (4 quarters). When I see a company that 3 or 4 quarters ago had an = unusual loss,=20 I also like to look at the two latest quarters in making my own = assessment of=20 what the future may hold, and what the PE may change to if the company = continues=20 performing as it has done more recently. Often replacing an old loss = with a=20 projected gain can change the projected PE into a small number from the = very=20 large one shown on a trailing 12 month basis.
 
----- Original Message -----=20
From: NANCY = POLCARO
To: canslim
Sent: Tuesday, August 13, 2002 11:04 PM
Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer = this up=20 for dissection)

Is a trailing PE simply the last 8 or 10 quarters of earnings = posted and is=20 that what you look for in the figures? 
 
----- Original Message -----
From:=20 Tom Worley
Sent: Tuesday, August 13, 2002 = 7:10=20 PM
To: canslim@lists.xmission.com=
Subject: Re: Pearl of Wisdom = (was=20 [CANSLIM] CCR - I offer this up for dissection)
 
I disagree, Harvey, we are talking about a snapshot = in time,=20 doesn't matter
for that purpose if the forecasts prove to be real = or=20 imaginary. If the
investing community, right now, perceive them to = be real=20 (or even likely)
and they are far superior to the rest of the = industry=20 group, or the market
at large, then they can create an expectation. = If=20 those expectations later
start to be questioned, then the charts = will warn=20 you with other companies
reducing forecasts, reporting below = expectations,=20 price lines on charts
trending down, etc.

While I don't give = any=20 weight to trailing PEs, I do look at the actual
earnings for = apparent=20 trends (especially sequentially), and also take note
where = forecasts were=20 then available how they compare to what was then
expected. I also = apply the=20 "logical" test to any forecasts, including seeing
what they must do = for the=20 remainder of the year just to make forecasts.

----- Original = Message=20 -----
From: "Harvey Brion" <hbrion@ieee.org>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 = 4:18=20 PM
Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this = up=20 for
dissection)


A caution here, it's good to keep in = mind that=20 trailing PE ratios at least
are
"real," while projected PE = ratios are=20 only as good as the earnings forecasts
and
can be way off, = especially=20 beyond the current quarter and FY.  This risk is
reduced = somewhat for=20 older/larger companies that have a history of making or
exceeding = the=20 quarterly earnings forecasts, so called "positive = surprises."

That=20 said, I consider both trailing and projected PEs in my stock=20 selection.


> <snip>
> And that's why looking = at=20 trailing PE ratios is a waste of time, they are
> merely = history, no one=20 is likely to react to them. On the other hand,
> forecasts / = projected=20 PE ratios can create a sense of expectation, hence
> drive the = price to=20 where the stock trades at a premium based on that
> = expectation.
>=20 <snip>


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.



-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0110_01C2431D.E8DA04F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Date: 13 Aug 2002 20:14:55 -0700 ------=_NextPart_001_0003_01C24306.1700FA40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Tom-I know I,m asking a lot of questions most people know already = but I feel like I,m learning a lot tonight. Appreciate your time. nanc= y =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:52 PM =20 Nancy, retail investors don't have the staying power, by themselves, to k= eep absorbing stock from sellers. Institutionals do, as they will place a= n order at the brokerage house they use to by xxx thousands of shares at = a limit. The brokerage house will sit there on the bid taking it in, occa= sionally jumping up and taking out a low offer that still permits them to= meet the limit set by the institutional on an average price per share ba= sis. The market will see that strength, and reconsider dumping stock. Ano= ther institutional may see that strength on a company they want, and join= in adding more strength to it. But the institutionals, and the brokerage= houses that represent them in the market place, usually will not go craz= y and chase the price up, they will just sit there and support the bid. I= f they have done their homework, they have evaluated the company and alre= ady set a price they are willing to pay. =20 ----- Original Message ----- =20 Sent: Tuesday, August 13, 2002 10:10 PM can you explain your statement. Why would it mean this? nancy =20 =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:54 AM =20 on the downside, often suggests the point where institutional support exists, but only on the larger more liquid stocks. ----- Original Message ----- Sent: Tuesday, August 13, 2002 10:50 AM Katherine: Couldn't "churning" also identify a stock which has been weak (ie. i= n a downtrend), but then does not make any more headway down-and does this on heavy volume. Wouldn't this indicate the end of the downtrend (or at least-the beginning of a consolidation, perhaps leading to the stock garnering strength?). Moreover, as distribution (as you pointed out) is likely at the top = (as indicated by the hi volume and stalling); wouldn't accumulation be likely= at the churning point in the downtrend (ie. since the stock is not falling anymore and it is not doing it on hi volume-wouln't this signify that someone is buying up all the stock that someone else is selling) I bring up this question because I'm not sure of the answer. I thou= ght WON has said (or perhaps it was in an IBD Investors Corner article) that "churning" can take place on the upside (to indicate future weakness) or = on the downside (to indicate future strength). In any event, what is your experience or observation or comments and conclusions on my churning conundrum. jans In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time, kmalm@earthlink.net writes: > Long story short, churning/stalling is in reference to action *after* a > stock or index has been rising, nears its highs, then starts acting odd= . > That is, large volume is no longer accompanied by significant upward pr= ice > movement. In that sense, it is subtle distribution and is a > sign that the > stock may be topping and/or beginning a consolidating period - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0003_01C24306.1700FA40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Tom-I know I,m asking a lot of que= stions most people know already but I feel like I,m  learning a lot = tonight.  Appreciate your time.  nancy 
 <= /DIV>
----- Original Message -----
From: Tom Worle= y
Sent: Tuesday, August 13, = 2002 7:52 PM
To: canslim@lis= ts.xmission.com
Subject: Re:= [CANSLIM] cup-without-handle; "tightness" questions
 
Nancy, haven't seen the chart you = mention, but=20 from the description the key is volume dropping on the sideways move. = Also,=20 accumulation / distribution is a very lagging indicator from my = experience, I=20 almost never consider it in buy / hold / sell arguments with myself (I = usually=20 lose!!). Being in the top 5 of its group, however, speaks to the "L" = in=20 CANSLIM.
 
----- Original Message -----=20
From: NANCY = POLCARO=20
To: canslim
Sent: Tuesday, August 13, 2002 10:06 PM
Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - = Updated)

Can you explain something for me?  On the IBD wtw chart = points 2 and=20 3.  I would have seen volumn dropping and the stock moving = sideway and=20 thought it was about to take a dive.  Instead, in this chart they = said it=20 was good action.  Am I wrong?  I know in hindsite I can see = what the=20 chart did, but not as it happened.   Also it's =  group is=20 D, its got an acc/dist. of D and its 5 of the top 5 stocks.  = Would this=20 keep you from entering even though it has a breakout on high=20 volumn?  
 
----- Original Message -----
From:=20 Katherine Malm
Sent: Tuesday, August 13, = 2002 7:33=20 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] Re: WTW = (was: Which=20 One Is Better - Updated)
 
Hi Mike,

WTW didn't have the smoothest base, = but it=20 was a 12 week base nonetheless.
That's not unusual given the = gyrations of=20 the market as it's been groping
for this latest bottom. So that = you can=20 see my personal take on it, I've
annotated the chart=20 = at:

http://WallStreet-LLC.com/canslim/WTW081302.jpg


Gen= e=20 noted that WTW is also featured in IBD's weblink today. They have=20 also
annotated a chart, so you can see their interpretation=20 = at:

http://www.investors.com/weblink/

Katherine

----= -=20 Original Message -----
From: = <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 = 8:50=20 AM
Subject: Re: [CANSLIM] Which One Is Better -=20 Updated



Katherine,

Can you expound on the = statement=20 that WTW broke out?  In looking at the
chart, I can sorta = see a v=20 shaped cwh, but in the handle, the volume did
NOT dry up.....what = would=20 you say the pivot point was?

Thanks

Mike Niemotka , = PE
Sr.=20 Principal Engineer
Baxter Healthcare Corporation
Route 120 = &=20 Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax = (847)=20 = 270-4525
michael_niemotka@baxter.com



   =             &= nbsp;   =20 "Katherine=20 = Malm"
          &nbs= p;        =20 = <kmalm@earthlink.net>       &nbs= p;=20 =             &= nbsp;=20 Sent=20 = by:           &nbs= p;         =20 = cc:
           =         =20 owner-canslim@lists.xm       =20 Subject:     Re: [CANSLIM]
Which One Is = Better -=20 = Updated
          &n= bsp;        =20 = ission.com


        &nb= sp;          =20 08/12/2002 08:02=20 = PM
           &= nbsp;       =20 Please respond=20 = to
           &= nbsp;       =20 canslim






You know, I have a simple = solution for=20 this kind of dilemma....don't use
the numbers.

I know it's = tempting to use a number like this, as it seems to "tell = you
everything"=20 about the stock. But I think once you summarize summary
numbers, = you're=20 asking for trouble. I rank the composite score as=20 "mildly
useful."

Here's an example. I'll select a couple = of stocks=20 that have come up for
discussion here in the last few months: WTW = and=20 TOL.

Scores?
WTW =3D 96
TOL =3D 95

Yet, look at = the charts.=20 WTW broke out today, TOL is rolling over and
playing dead. = Doesn't sound=20 like a score of 95/96 "tells" me everything I
need to know about = the=20 stocks.

Katherine
----- Original Message -----
From: = Gene=20 Ricci
To: canslim@lists.xmission.com
Sent: Monday, August 12, = 2002=20 7:41 PM
Subject: Re: [CANSLIM] Which One Is Better -=20 Updated

Arghhh!
Same definition
Same data base
Same=20 company
different numbers!
----- Original Message = -----
From: Bill=20 Triffet
To: canslim@lists.xmission.com
Sent: Monday, August = 12, 2002=20 6:58 PM
Subject: Re: [CANSLIM] Which One Is Better -=20 Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original Message = -----
From: "Gene Ricci" <genr@swbell.net>
To:=20 <canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 = 4:50=20 PM
Subject: Re: [CANSLIM] Which One Is Better - = Updated


I just=20 had today's update figures for DGO sent to me.
The 3 columns are = 8/9 DGO=20 data
8/12 IBD readings 30 minutes ago
8/12 DGO just received = today's=20 download


Hi Katherine, I hadn't checked today and after = reading=20 your note, I
'thought' I was in error.

However, I just = went and=20 checked several=20 = stocks:
          &n= bsp;    =20 8/9  8/12 =20 = 8/12
           = ;     =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com
Sent: Monday, = August 12,=20 2002 5:47 PM
Subject: Re: [CANSLIM] Which One Is = Better


Hi=20 Gene,

There seems to be conflicting information on this...See = DGO's=20 reply to my
recent inquiry (7/31) about the very same=20 thing:




Hi Katherine,

Thank you for your = recent=20 email to Daily Graphs Online.

I apologize, but the recent = additions=20 to our services have not yet been
reflected in our Image Maps=20 resource.  We plan on making the update soon.
TO address = your=20 question, I would like to confirm that the = Composite
Rating
you see on=20 our service is the same SmartSelect=AE Composite Rating that = is
provided by=20 the Investor's Business Daily and investors.com.

Please write = back if=20 you have any questions or need assistance.

Best=20 regards,
Dan
Daily Graphs = Online
www.dailygraphs.com

-----=20 Original Message -----
From: Gene Ricci
To:=20 canslim@lists.xmission.com
Sent: Monday, August 12, 2002 4:06=20 PM
Subject: [CANSLIM] Which One Is Better


Let's see, = IBD=20 provides an Overall Rating and now DGO provides a = Composite
Rating. Has=20 anyone determined which one is better?

Gene

The new=20 SmartSelect=AE Composite Rating in Investor's Business Daily = and
the Stock=20 Checkup Overall Rating found on investors.com are based = on
different=20 formulas.

The SmartSelect=AE Composite Rating combines all 5=20 SmartSelect Ratings
into one easy-to-use rating.  More = weight is=20 placed on EPS and RS
Rating, and the stock's percent off its = 52-week high=20 is also included in
the formula.  Results are then compared = to all=20 other companies, and each
company is assigned a rating from 1-99 = with 99=20 being the best.  This
rating is designed to help you get a = quick=20 feel for how a company's
SmartSelect=AE Ratings compare to all = other stocks=20 in our database.  This
is intended to be an additional tool = to help=20 you find the stocks with
the highest SmartSelect=AE Ratings, = quickly and=20 easily.

The Overall Rating in the Stock Checkup is determined = by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings.=20 These are
the Technical Rating, Fundamental Rating, = Attractiveness=20 Rating, Group's
Technical Rating and Group's Fundamental = Rating. =20 The Stock Checkup uses
over 30 different variables including all = the=20 SmartSelect=AE Ratings to
calculate the Overall Rating.  = When using=20 the Stock Checkup, focus not
only on the Overall Rating but all 6 = of the=20 Checkup Ratings.  Also study
how the stock compares to its = group=20 within the individual Checkup
Ratings.



-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email body,=20 write "subscribe canslim" or
-"unsubscribe canslim".  Do not = use=20 quotes in your email.


-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.





-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0120_01C24320.93580970-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] what the fed said Date: 13 Aug 2002 23:30:52 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0136_01C24321.76E731C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable it's in bed with the equally mythical "bottom" that the media airheads = like to talk about. I still can't believe how much they hyped the idea = of a Fed rate cut over the past 4 days, with absolutely no = substantiation for such a belief. The media really did a great job = manipulating the markets lately, and no one will ever hold them = accountable. Here today, forgotten tomorrow. ----- Original Message -----=20 Sent: Tuesday, August 13, 2002 11:26 PM I wonder what happened to the soft landing we were told of when rates = started to go down?? Is this it??=20 ----- Original Message ----- From: Patrick Wahl Sent: Tuesday, August 13, 2002 11:48 AM To: canslim@lists.xmission.com Subject: [CANSLIM] what the fed said This was the excerpt Briefing had from the Fed announcement - "The softening in the growth of aggregate demand that emerged this = spring=20 has been prolonged in large measure by weakness in financial markets = and=20 heightened uncertainty related to problems in corporate reporting and=20 governance. The current accommodative stance of monetary policy, = coupled=20 with still-robust underlying growth in productivity, should be = sufficient to=20 foster an improving business climate over time. Nonetheless, the = Committee=20 recognizes that, for the foreseeable future, against the background of = its long=20 run goals of price stability and sustainable economic growth and of = the=20 information currently available, the risks are weighted mainly toward=20 conditions that may generate economic weakness."....=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0136_01C24321.76E731C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
it's in bed with the equally mythical = "bottom" that=20 the media airheads like to talk about. I still can't believe how much = they hyped=20 the idea of a Fed rate cut over the past 4 days, with absolutely no=20 substantiation for such a belief. The media really did a great job = manipulating=20 the markets lately, and no one will ever hold them accountable. Here = today,=20 forgotten tomorrow.
 
----- Original Message -----=20
From: NANCY = POLCARO
To: canslim
Sent: Tuesday, August 13, 2002 11:26 PM
Subject: Re: [CANSLIM] what the fed said

I wonder what happened to the soft landing we were told of when = rates=20 started to go down?? Is this it?? 
 
----- Original Message -----
From:=20 Patrick Wahl
Sent: Tuesday, August 13, 2002 = 11:48=20 AM
To: canslim@lists.xmission.com=
Subject: [CANSLIM] what the fed = said
 
This was the excerpt Briefing had from the Fed = announcement=20 -

"The softening in the growth of aggregate demand that emerged = this=20 spring
has been prolonged in large measure by weakness in = financial=20 markets and
heightened uncertainty related to problems in = corporate=20 reporting and
governance. The current accommodative stance of = monetary=20 policy, coupled
with still-robust underlying growth in = productivity,=20 should be sufficient to
foster an improving business climate over = time.=20 Nonetheless, the Committee
recognizes that, for the foreseeable = future,=20 against the background of its long
run goals of price stability = and=20 sustainable economic growth and of the
information currently = available,=20 the risks are weighted mainly toward
conditions that may generate = economic=20 weakness."....


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0136_01C24321.76E731C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] PETM - base counting Date: 13 Aug 2002 23:45:18 -0400 Scott, I would consider the "double bottom" to actually be a quadruple bottom and extend thru 5/18/01, when the price began to exceed the center point of the "w". Prior to that, I don't consider it properly formed. That said, I do not trust normal chart patterns that much when a stock is down to only a few dollars. It's much easier to find some temporary support at $2.50, as the value investors start their "gee, if it only doubles from here I could . . . " ----- Original Message ----- Sent: Tuesday, August 13, 2002 5:23 PM just since we're talking about base counting, I wanted to discuss a current example. This is my take: Base 1 - Double BOTTOM (Dec 99 - March 01) - Boy is that symmetrical! Base 2 - V-shaped CUP (sep 01 - nov 01)- who ever said they could not work? Base 3 - Current Consolidation Thanks, Scott - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] OFF TOPIC, but funny - Top ten worries of corporate executives today Date: 14 Aug 2002 06:18:03 -0400 With the deadline today for CEOs and CFOs to certify their financials, this from The Motley Fool on top worries they are facing: Top worries of executives facing the deadline: a.. Controlling tremors so the signature is legible. b.. Will actually have to learn what the term "free cash flow" means. c.. Hours spent studying statements will disrupt napkin-folding classes with Martha Stewart. d.. The hum of shredders running in the background might damage hearing. e.. Making the signature "Arthur Andersen" look really official. f.. Wondering if prison uniforms come in XXL sizes. g.. Making sure that the "Trust us" look for the official photos appears sincere. h.. Waiting for the "nudge, nudge, wink, wink" auditing team gesture after being told that this notion is binding. i.. Will have to spend "quality time" with laugh-a-minute accounting staff. j.. Afraid shareholders will get the mistaken idea that management really cares about them. Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] Cup formations Date: 14 Aug 2002 09:29:24 EDT --part1_57.fef00fb.2a8bb534_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit That selloff in July has had the effect of setting "cup" bottoms for several stocks that were at new highs prior to that date. If you would like to test your chart reading skills you may want to follow along with the development of the right side of the cup, and then with a little luck, a handle or two. Watch for the movement of the price line as well as the daily volume. Here are three companies with fairly good fundamentals that appear to be forming cups. PDCO, HSIC, and PETM. There must be several more. I am not suggesting these are "buy" candidates. This is no time to be buying. Charley --part1_57.fef00fb.2a8bb534_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit That selloff in July has had the effect of setting "cup" bottoms for several stocks that were at new highs prior to that date. If you would like to test your chart reading skills you may want to follow along with the development of the right side of the cup, and then with a little luck, a handle or two. Watch for the movement of the price line as well as the daily volume. Here are three companies with fairly good fundamentals that appear to be forming cups. PDCO, HSIC, and PETM. There must be several more.

I am not suggesting these are "buy" candidates. This is no time to be buying.

Charley --part1_57.fef00fb.2a8bb534_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Re:Entry purchase Date: 14 Aug 2002 09:49:53 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0032_01C24377.F3D00260 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Morris: See page 110, 24 Essential Lessons for Investment Success by WON. It's also thoroughly covered in all editions of HTMMIS. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of E2moskow@aol.com Sent: Tuesday, August 13, 2002 9:24 PM Hi Canslim Pros: Assuming the M is going to turn, ( it didn't look that way today), what are good parameters to consider when making an entry purchase. How many shares is it wise to buy. This is a subject that hasn't been discussed, what is WON's idea as an entry? Morris ------=_NextPart_000_0032_01C24377.F3D00260 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Morris:
 
See page 110, = 24=20 Essential Lessons for Investment Success by WON.  It's also = thoroughly=20 covered in all editions of HTMMIS.
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of E2moskow@aol.com
Sent: Tuesday, August = 13, 2002=20 9:24 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Re:Entry purchase

Hi Canslim Pros:
    Assuming the M = is going to=20 turn, ( it didn't look that way today), what are good parameters to = consider=20 when making an entry purchase.  How many shares is it wise to = buy.=20  This is a subject that hasn't been discussed, what is WON's idea = as=20
an entry?
Morris
------=_NextPart_000_0032_01C24377.F3D00260-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] New Management - Doesn't it always follow a Top Exec's departure Date: 14 Aug 2002 10:11:03 -0400 Kelly: My take: DGO has a block in the data screen devoted to "New CEO". So I take this to mean that when a new CEO is hired (after the old one was let go) this is a good thing. It seems to me that it is good because a new CEO will only be hired if the old CEO is doing poorly. So the question becomes: Will the new CEO do better. Follow the chart formation to see how the institutions and Big Money view it. If a base forms during the new CEO's tenure and a BO appears on high volume, you've got your answer. jans In a message dated Tue, 13 Aug 2002 3:23:54 PM Eastern Standard Time, kelly.short@tx.us.neoris.com writes: > A question for the group- WON says to look for companies that have new management. However, many group members see the departure of a top exec as a red flag (i.e. CFO). But, wouldn't the addition of a new management member almost always follow the departure of a management member? Where do you draw the > line? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Date: 14 Aug 2002 10:55:11 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_003B_01C24381.0FBDBBD0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Hi Mike, Thought I might first clear up Charley's reference to my comment about = technicals. As I see it, technicals have *always* been important, but = the Bear has taught me to favor technicals first in my analysis/mining = techniques. This is a subtle shift in my thinking, maybe due to the Bear = and maybe due to a new understanding of the CANSLIM discipline which = continues to evolve day by day.=20 Your comments brought some things to mind: (1) You can always make money using technicals as your only indicator, = but the entry/exit has to be in the short term, as that is the only = period in which fundamentals would have no influence on the stock = movement. Intermediate term and beyond, the fundamentals are what drive = the business and create value. In other words, the earnings and cash = stream, reinvested in the business for growth or distributed to = shareholders via dividends, create value in the underlying investment. = If trading in the short term, you would never wait for the entire period = of intermediate term consolidation to form, but instead would take = advantage of the current directional ride. For example, in a cup & = handle, you would essentially hitch a ride on the right side of a cup. = You would also trade, e.g., reversals from extremely oversold = conditions, regardless of the relative strength of the stock to the = market. In some cases, you'd be bottom fishing. That's fine in a short = term trade because you don't care what the next direction is going to be = once you exit. In intermediate term and beyond, the next direction is = what matters the most, because you are riding an underlying wave of = movement that covers a longer period of time. Essentially, the short = term trader gets *really* close to the chart and looks for ups/downs to = ride. The intermediate term trader steps back 3 feet and looks for the = underlying movement, up or down, with the close up price wiggles = smoothed out. The long term trader steps back 7 feet and looks for = underlying movement, with most all of the wiggles smoothed out. (2) If you have 200 stocks with identical technicals and you are trading = intermediate term and beyond, how would you choose between them? = Fundamentals and due diligence allow you to assess the potential return = on investment given (1) above. That, in turn, allows you to eliminate = some and rank the remainder. (3) WON's wording is "Buy on the fundamentals, sell on the technicals" = meaning buy based on the fundamental characteristics of the company = using technicals for entry, but on the flipside, consider only = technicals when selling because fundamental indicators don't tell you = that sales and profits are deteriorating until after the fact. Look at = any highflier from the last Bull. Take CSCO as example. At the time the = price peaked around 80-85 in 2000, the fundamentals looked peachy. ROE, = sales/earnings growth, etc. The technicals topped and began to slide, = but it wasn't until 3 or 4 quarters later that it be came apparent that = fundamentals were stinky.=20 (4) When you select and enter a stock well under intermediate term = rules, the longer the underlying upward movement in the market, the more = likely it is that you will have a "big winner." During the Bear, the = upward waves have been short-lived. The best you could hope for was an = excellent move while the market was in an intermediate term rally within = the longer term bear. That means the exits are designed to protect = capital. Despite a good company, the majority of stocks eventually get = caught in the downdraft. However, if you are in the habit of catching = things as they begin their ascent and the market as a whole moves from = Bear rally mode to sustainable Bull mode, you're on for the ride = already. That will allow you to stay with a winning position much = longer, despite the near term price wiggles. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 11, 2002 4:47 AM Subject: RE: [CANSLIM] NVDA I didn't realize what a pandora's box I was opening , but I'm glad I = did raise the lid on NVDA. What I learned was: a.. an excellent "C" and "A" can be misleading=20 b.. The technicals such as RS, up/down volume, etc were indicators = that there's something rotten in the state of Denmark, despite the = fundamentals Which would appear to confirm that everything you need to know is = already in the tape. Question: is this only true in a bear market? (I'm referring to = Katherine's statement quoted by Charley), and if it's universally true = then can't the lazy one's among us (and I include myself in that = category) simply cheat by swing trading patterns, not CANSLIM = fundamentals? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Saturday, August 10, 2002 5:49 PM To: canslim@lists.xmission.com Subject: [CANSLIM] NVDA A week or so ago, (time passes so fast), Katherine made a statement = to the effect that the technicals are more important than the = fundamentals in a bear market. I have now observed this to be true on = numerous recent occasions, but my first impulse is to look for = fundamental excuses for a falling stock price.=20 Quoting from a book I am reading, "The fundamental work answers the = question what, and the technical side of the equation answers the = question when." , points out how important it is to have all the facts.=20 Thanks for calling my attention to the SEC investigation. It is so = discouraging to learn of these repeated accounting problems. One of = these days I will stop believing in Santa Claus.=20 Charley=20 ------=_NextPart_000_003B_01C24381.0FBDBBD0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Hi Mike,
 
Thought I might first clear up Charley's reference to my comment = about=20 technicals. As I see it, technicals have *always* been important, but = the Bear=20 has taught me to favor technicals first in my analysis/mining = techniques. This=20 is a subtle shift in my thinking, maybe due to the Bear and maybe due to = a new=20 understanding of the CANSLIM discipline which continues to evolve = day by=20 day. 
 
Your comments brought some things to mind:
 
(1) You can always make money using technicals as your only = indicator, but=20 the entry/exit has to be in the short term, as that is the only period = in which=20 fundamentals would have no influence on the stock movement. Intermediate = term=20 and beyond, the fundamentals are what drive the business and create = value. In=20 other words, the earnings and cash stream, reinvested in the business = for growth=20 or distributed to shareholders via dividends, create value in the = underlying=20 investment. If trading in the short term, you would never wait for the = entire=20 period of intermediate term consolidation to form, but instead would = take=20 advantage of the current directional ride. For example, in a cup & = handle,=20 you would essentially hitch a ride on the right side of a cup. You would = also=20 trade, e.g., reversals from extremely oversold conditions, regardless of = the=20 relative strength of the stock to the market. In some cases, you'd be = bottom=20 fishing. That's fine in a short term trade because you don't care what = the next=20 direction is going to be once you exit. In intermediate term and beyond, = the=20 next direction is what matters the most, because you are riding an = underlying=20 wave of movement that covers a longer period of time. Essentially, the = short=20 term trader gets *really* close to the chart and looks for ups/downs to = ride.=20 The intermediate term trader steps back 3 feet and looks for the = underlying=20 movement, up or down, with the close up price wiggles smoothed out. The = long=20 term trader steps back 7 feet and looks for underlying movement, with = most all=20 of the wiggles smoothed out.
 
(2) If you have 200 stocks with identical technicals and you are = trading=20 intermediate term and beyond, how would you choose between them? = Fundamentals=20 and due diligence allow you to assess the potential return on investment = given=20 (1) above. That, in turn, allows you to eliminate some and rank the=20 remainder.
 
(3) WON's wording is "Buy on the fundamentals, sell on the = technicals"=20 meaning buy based on the fundamental characteristics of the company = using=20 technicals for entry, but on the flipside, consider only technicals when = selling=20 because fundamental indicators don't tell you that sales and profits are = deteriorating until after the fact. Look at any highflier from the last = Bull.=20 Take CSCO as example. At the time the price peaked around 80-85 in 2000, = the fundamentals looked peachy. ROE, sales/earnings growth, etc. = The=20 technicals topped and began to slide, but it wasn't until 3 or 4 = quarters later=20 that it be came apparent that fundamentals were stinky.
 
(4) When you select and enter a stock well under intermediate term = rules,=20 the longer the underlying upward movement in the market, the more likely = it is=20 that you will have a "big winner." During the Bear, the upward waves = have been=20 short-lived. The best you could hope for was an excellent move while the = market=20 was in an intermediate term rally within the longer term bear. That = means the=20 exits are designed to protect capital. Despite a good company, the = majority of=20 stocks eventually get caught in the downdraft. However, if you are in = the habit=20 of catching things as they begin their ascent and the market as a whole = moves=20 from Bear rally mode to sustainable Bull mode, you're on for the ride = already.=20 That will allow you to stay with a winning position much longer, despite = the=20 near term price wiggles.
 
Katherine
----- Original Message -----
From:=20 Mike Gibbons
Sent: Sunday, August 11, 2002 = 4:47=20 AM
Subject: RE: [CANSLIM] = NVDA

I=20 didn't realize what a pandora's box I was opening , but I'm glad I did = raise=20 the lid on NVDA.
 
What I learned was:
  • an=20 excellent "C" and "A" can be misleading=20
  • The technicals such as RS, = up/down=20 volume, etc were indicators that there's something rotten in the = state of=20 Denmark, despite the fundamentals
Which would appear to confirm that = everything you=20 need to know is already in the tape.
 
Question: is this only true in a bear = market? (I'm=20 referring to Katherine's statement quoted by Charley), and if it's = universally=20 true then can't the lazy one's among us (and I include myself in that=20 category) simply cheat by swing trading patterns, not CANSLIM=20 fundamentals?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Saturday, August 10, 2002 5:49 = PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 NVDA

A week or=20 so ago, (time passes so fast), Katherine made a statement to the = effect that=20 the technicals are more important than the fundamentals in a bear = market. I=20 have now observed this to be true on numerous recent occasions, but = my first=20 impulse is to look for fundamental excuses for a falling stock = price.=20
Quoting from a book I am reading, "The fundamental work answers = the=20 question what, and the technical side of the equation answers = the=20 question when." , points out how important it is to have all = the=20 facts.
Thanks for calling my attention to the SEC investigation. = It is=20 so discouraging to learn of these repeated accounting problems. One = of these=20 days I will stop believing in Santa Claus.

Charley=20
------=_NextPart_000_003B_01C24381.0FBDBBD0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Subject: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 16:09:01 +0100 I am sure this is the sort of question that has come up before, but please bear with me, I tried the search function for the archived discussion at http://www.xmission.com/~mcjathan/canslim/search.html but the search form does not seem to work for me. Having read WON's book and followed this list for a while, I am very sold on the CANSLIM approach and to learn how to invest in this syle. I have been looking for a source of data to support using the CANSLIM approach in investing. I know from reading this list about the various web sites include investors.com and Daily Graphs which provide processed and analysed data in the form of rankings and charts. I am more interested in getting to a rawer form of data where I can apply my own models and tweek them. I am sure there are others on this list that share this interest. I am also located outside the USA which means that I have no access to IBD as a newspaper, although I do read what I can on their excellent web site. For years I have subscribed to Reuters Datalink for end of day stocks and commodities price and volume data and putting it into Metastock for technical analysis and to use AAII Investor Pro for fundamental company data and analysis. However, it is not easy to integrate the two into a combined approach such as that typified by CANSLIM. So I have been looking around for a better source. Just recently I found a data source called Quote Plus 2 at www. qp2.com and signed up for their free trial. What attracted me was the screening software which allows screening by both fundamental and technical criteria and the fact that the data covers both end of day price and volume as well as fundamentals. It struck me that this data source appears ideal for the CANSLIM approach. Cost wise a single subscription to QP2 is much less than a Datalink subscription PLUS a Investor Pro subscription. Before I switch over completely, I just wonder if anyone on this list has any experience with using Qutoe Plus for the CANSLIM approach and if this has come up as a discussion topic. Rgds Victor Chang - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 13:06:59 -0400 Victor, I'm a QP2 subscriber and have been quite happy with the service. If you dig around, you'll find that some people have written QP2 scans for locating CANSLIM compatible stocks. I have been a bit disappointed with the scans, but that's not a QP2 shortcoming only a reflection of the fact that a programmer has not yet refined a scan to my liking at least. In the end, I doubt any computerized scan will find only and all CANSLIM candidates and I still scan many charts by eye (although far less diligently in this lousy market). All in all, QP2 is reasonably priced and an excellent source for finding high RS and EPS stocks. Be aware however that both their RS and EPS rankings are different from IBD's so I use both sources.... Jon ----- Original Message ----- Sent: Wednesday, August 14, 2002 11:09 AM > I am sure this is the sort of question that has come up before, but please > bear with me, I tried the search function for the archived discussion at > http://www.xmission.com/~mcjathan/canslim/search.html but the search form > does not seem to work for me. > > Having read WON's book and followed this list for a while, I am very sold on > the CANSLIM approach and to learn how to invest in this syle. I have been > looking for a source of data to support using the CANSLIM approach in > investing. I know from reading this list about the various web sites > include investors.com and Daily Graphs which provide processed and analysed > data in the form of rankings and charts. I am more interested in getting to > a rawer form of data where I can apply my own models and tweek them. I am > sure there are others on this list that share this interest. I am also > located outside the USA which means that I have no access to IBD as a > newspaper, although I do read what I can on their excellent web site. > > For years I have subscribed to Reuters Datalink for end of day stocks and > commodities price and volume data and putting it into Metastock for > technical analysis and to use AAII Investor Pro for fundamental company data > and analysis. However, it is not easy to integrate the two into a combined > approach such as that typified by CANSLIM. So I have been looking around > for a better source. > > Just recently I found a data source called Quote Plus 2 at www. qp2.com and > signed up for their free trial. What attracted me was the screening > software which allows screening by both fundamental and technical criteria > and the fact that the data covers both end of day price and volume as well > as fundamentals. It struck me that this data source appears ideal for the > CANSLIM approach. Cost wise a single subscription to QP2 is much less than > a Datalink subscription PLUS a Investor Pro subscription. > > Before I switch over completely, I just wonder if anyone on this list has > any experience with using Qutoe Plus for the CANSLIM approach and if this > has come up as a discussion topic. > > Rgds > > Victor Chang > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 11:42:22 -0600 I was never able to get QP2 and HGSI to work reliably on my Windows 98 machine. It crashed regularly and required a reinstall each time. Tech support tried to help but was unable to find my problem. I ended up going with Vector Vest and have never regretted it. In fairness, I should point out that I seem to be the only person who has reported this kind of problem with QP2. Warren vchang@win-invest.com wrote: > I am sure this is the sort of question that has come up before, but please > bear with me, I tried the search function for the archived discussion at > http://www.xmission.com/~mcjathan/canslim/search.html but the search form > does not seem to work for me. > > Having read WON's book and followed this list for a while, I am very sold on > the CANSLIM approach and to learn how to invest in this syle. I have been > looking for a source of data to support using the CANSLIM approach in > investing. I know from reading this list about the various web sites > include investors.com and Daily Graphs which provide processed and analysed > data in the form of rankings and charts. I am more interested in getting to > a rawer form of data where I can apply my own models and tweek them. I am > sure there are others on this list that share this interest. I am also > located outside the USA which means that I have no access to IBD as a > newspaper, although I do read what I can on their excellent web site. > > For years I have subscribed to Reuters Datalink for end of day stocks and > commodities price and volume data and putting it into Metastock for > technical analysis and to use AAII Investor Pro for fundamental company data > and analysis. However, it is not easy to integrate the two into a combined > approach such as that typified by CANSLIM. So I have been looking around > for a better source. > > Just recently I found a data source called Quote Plus 2 at www. qp2.com and > signed up for their free trial. What attracted me was the screening > software which allows screening by both fundamental and technical criteria > and the fact that the data covers both end of day price and volume as well > as fundamentals. It struck me that this data source appears ideal for the > CANSLIM approach. Cost wise a single subscription to QP2 is much less than > a Datalink subscription PLUS a Investor Pro subscription. > > Before I switch over completely, I just wonder if anyone on this list has > any experience with using Qutoe Plus for the CANSLIM approach and if this > has come up as a discussion topic. > > Rgds > > Victor Chang > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Date: 14 Aug 2002 13:41:19 EDT --part1_f2.20169474.2a8bf03f_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Who needs the Oracle of Omaha, when you have Katherine the Market Mentor? Excellent essay on technical and fundamental investing Katherine. Charley --part1_f2.20169474.2a8bf03f_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Who needs the Oracle of Omaha, when you have Katherine the Market Mentor?

Excellent essay on technical and fundamental investing Katherine.
Charley --part1_f2.20169474.2a8bf03f_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 12:00:21 -0600 I've found that it pretty closely matches IBD and DGO numbers. The difference is minor, you can write scans that are going to catch most or all CANSLIM stocks. On 14 Aug 2002 at 16:09, vchang@win-invest.com wrote: > Before I switch over completely, I just wonder if anyone on this list has > any experience with using Qutoe Plus for the CANSLIM approach and if this > has come up as a discussion topic. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Current Case Study - XRAY Date: 14 Aug 2002 13:08:23 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00CD_01C24393.ABA20210 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Jeffrey, I've had your question set a side since you posted, because frankly, = XRAY's pattern did not fit the mold of the "Healthy Rising Stock" in = which you can easily count bases and I was clueless as to how to answer. Here's what I *did* know by looking at XRAY's chart: -This is a stock on the rise, each time sporting a new, valid, base as = it progresses along the uptrending path. In that sense, it fits the = model of a "healthy rising stock" as I outlined in my notes the other = day on the CECO discussion. = http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG -This is not an ascending base, but instead a series of bases one after = the other http://WallStreet-LLC.com/canslim/TypesOfBases.JPG -The problem with your question is that the rise between each successive = base is not at least 25%, which would allow you to "count bases" in a = traditional sense. That means that it's unlikely that this would be = considered a first stage base. Intuitively, it doesn't make sense that = it would be, either. Now, I was stuck, because the advance doesn't fit the mold. So how in = the world to count bases? WON says that if it doesn't rise at least 25%, = you don't add to the count. But.... I'm still not sure how you would = treat something like this in that context. In my mind, if a stock is = rising/basing/rising/basing/etc., *especially* in a Bear Market, then = there's something going for it. So, to answer your question = specifically, I called in the big guns and asked Tim Truebenbach of = TradingMarkets.com. Here is his reply in answer to the specific question, "If the rise = between bases is <25%, how do you count it?" His answer: "If the rise is less than 25% and the stock forms a new = qualifying base (7 weeks or longer) then I would not count the previous = base in the base count." [KM Note: a flat base only needs to be = >=3D5wks] But, interestingly, he added this additional comment: "I don't put much = weight into base counts during a Bear Market, because a stock that would = normally push higher in an orderly fashion gets very choppy. At this = point, just look at the most recent base of a stock and assess it from = there." Well, there you go... a fresh point of view and something new learned as = a result! In our conversation, another very interesting point came up. That is, = though I am a fiend about reading market history, my own personal active = trading experience is entirely in the '90's. That means that I have = mental models of chart patterns formed accordingly. Tim suggested that = it would be a great exercise to go back and re-review chart models = *prior* to the '90's in HTMMIS and in the CANSLIM/IBD Advanced Seminar = notebook (for those who have attended). A great idea and something I'll = be adding to my to-do list. So...back to XRAY. Because XRAY hasn't formed a series of bases = separated by a rise of 25%, you don't reset the base count. See my = annotations at: http://WallStreet-LLC.com/canslim/XRAY081402.jpg. That leaves us with looking at the most current base, a V-shaped cup = with no valid handle yet in my mind. (Certainly open to interpretation, = so fire away!). See it at: = http://WallStreet-LLC.com/canslim/XRAY(2)081402.jpg Katherine PS...Thanks for your question Jeffrey.... a real gold mine of learning = for me personally. ----- Original Message -----=20 From: Gasta, Jeffrey=20 To: 'canslim@lists.xmission.com'=20 Sent: Thursday, August 08, 2002 2:58 PM Subject: RE: [CANSLIM] Current Case Study - XRAY Hello, another neophyte here. If the most recent pattern for XRAY is = a valid CWH, then what stage base is it? I think I see a flat base = running from about Feb. 02 until late May. This most recent pattern = undercuts the previous pattern. So maybe this is a 1st stage base? = Thanks, jg -----Original Message----- From: Mike Gibbons [mailto:mike@proactech.com] Sent: Thursday, August 08, 2002 3:27 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Current Case Study - XRAY In view of the interest in current cases rather than 20-20 = hindsight, and discussions to aid the learning process, I offer XRAY = as an example, which broke out today from a CwH pattern with short = handle Firstly, let me add the disclaimer that I'm a programmer who was = introduced to CANSLIM as a development project, and I'm 1 year into the = 3 yr learning curve, so further comment by the "experts" is welcomed to = improve my own understanding. Firstly the fundamentals which are very strong, with the exception = that Institutional Ownership is already quite high. There are differing = views on what the level should be, but somewhere less than 30% would be = better. Additional DD would be required to determine why pre-tax profit = margins are decreasing and if that is cause for concern. (This = information is drawn from yahoo/multex not IBD) =20 C Current Earnings Earnings per share growth of at least 25% = in the most recent quarter Most recent quarter year on year growth. = (Published financial data). 35.00 % =20 Latest three quarters of sales growth should be a minimum of = 25% Average year on year growth for last 3 quarters. (Published = financial data). 51.00 % =20 Sales growth should be accelerating. Difference in year on = year growth rates over last 3 quarters. (Published financial data). = 23.00 =20 A Strong Annual Earnings Growth Annual earnings growth for the = last three years of 25% or greater 3 year compound EPS growth rate. = (Published financial data). 53.00 % =20 Return on equity should be at least 17% Published financial = data. 21.00 %=20 Pretax profit margins should be increasing Profit Margin for = most recent quarter minus profit margin 1 year ago. (Published financial = data). -1.00 =20 N New Products, Services or Leadership If a company has a = dynamic new product or service, or is capitalizing on new conditions in = the economy, this can have a dramatic impact on the price of a stock. = Buy stocks just as they emerge from a sound "base" pattern and make new = price highs. Not Known =20 S Supply and Demand Watch the demand for shares by looking at = the percentage change in volume for each of your stocks. Analyze a = stock's daily and weekly price and volume changes. The up/down volume = ratio measures the ratio of accumulation days to distribution days over = the last 50 days. 0.90 =20 L Leading Stocks in Leading Industry Groups Nearly 50% of a = stock's price action is a result of its industry group's performance. = Focus on the top industry groups, and within those groups select stocks = with the best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). 90 =20 Multex Rank within Industry ( 0 - 99 ). Provided for = informational purposes only. (4 week relative performance) 22 =20 The stock's Relative Price Strength Rating should be in the = 80s or 90s We calculate RS daily by ranking all NYSE, AMEX and NASDAQ = stocks. Our RS algorithm is described here. It correlates well with = IBD's. Value. Score pro-rated in range 60-79. 83 =20 I Institutional Sponsorship You want at least a few of the = better performing mutual funds owning the stock. They're the ones who = will drive the stock up on a sustained basis. Institutional Ownership. = Value in range 5 - 30% needed to score 1. 79.00 % =20 No. of Institutions. Provided for informational purposes only. = 568 =20 M Market Direction You can buy the best stocks, but if the = general market is weak, most likely your stocks will be weak also. = Because Market Direction is not specific to any one particular stock, we = do not evaluate it on a per stock basis. =20 Look at the chart below. Note that the handle is only 3 days long. = This is normally insufficient to have shaken out the potential sellers = and WON recommends that a handle should be at least 1-2 weeks long, = otherwise a breakout is prone to failure. Also the volume in the handle = has not dried up. This is often the case in the early days of handle = formation and we would like to see the volume decrease below the ADV and = the price wedge downwards as the handle progresses. Look at the volume coming up the right side of the cup - = consistently above the 50 ADV accompanied by big price positive price = movements, with only two days when the stock closed slightly down. It = would have been better if the volume had been below the ADV on those = days, in which case the stock would have earned a higher CQ (Chart = Quality) score. Note the RS line. This is quite high at 83, but has advanced only = slightly over the last few days despite significant price gains in this = stock. This indicates that other stocks are doing at least as well. The 50 day up/down volume is at 0.90. Values less than 1 mean that = the down volume days exceed the up volume days. However, the trend of = the line is upwards, which is a positive sign. I'll go out on a limb and say my guess is that todays breakout will = not be sustained (although its holding now - just) and it will continue = to form a handle.=20 I conclude that this is one to watch but not to buy right now. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_00CD_01C24393.ABA20210 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Jeffrey,
 
I've had your question set a side since you posted, because = frankly, XRAY's=20 pattern did not fit the mold of the "Healthy Rising Stock" in which you = can=20 easily count bases and I was clueless as to how to answer.
 
Here's what I *did* know by looking at XRAY's chart:
-This is a stock on the rise, each time sporting a new, valid, base = as it=20 progresses along the uptrending path. In that sense, it fits the model = of a=20 "healthy rising stock" as I outlined in my notes the other day on the = CECO=20 discussion.
          &nbs= p;       =20 http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG
=

-This is not an ascending = base, but=20 instead a series of bases one after the other

          &nbs= p;       =20 http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG

-The problem with your = question is=20 that the rise between each successive base is not at least 25%, which = would=20 allow you to "count bases" in a traditional sense. That means that it's = unlikely=20 that this would be considered a first stage base. Intuitively, it = doesn't make=20 sense that it would be, either.

 

Now, I was stuck, because = the=20 advance doesn't fit the mold. So how in the world to count bases? WON = says that=20 if it doesn't rise at least 25%, you don't add to the count. But.... I'm = still=20 not sure how you would treat something like this in that context. In my = mind, if=20 a stock is rising/basing/rising/basing/etc., *especially* in a Bear = Market, then=20 there's something going for it. So, to answer your question = specifically, I=20 called in the big guns and asked Tim Truebenbach of=20 TradingMarkets.com.

 

Here is his reply in = answer to the=20 specific question, "If the rise between bases is <25%, how do you = count=20 it?"

His answer: "If the rise = is less=20 than 25% and the stock forms a new qualifying base (7 weeks or longer) = then I=20 would not count the previous base in the base count." [KM Note: a flat = base only=20 needs to be >=3D5wks]

 

But, interestingly, he = added this=20 additional comment: "I don't put much weight into base counts during a = Bear=20 Market, because a stock that would normally push higher in an orderly = fashion=20 gets very choppy. At this point, just look at the most recent base of a = stock=20 and assess it from there."

 

Well, there you go... a = fresh point=20 of view and something new learned as a result!

 

In our conversation, = another very=20 interesting point came up. That is, though I am a fiend about reading = market=20 history, my own personal active trading experience is entirely in the = '90's.=20 That means that I have mental models of chart patterns formed = accordingly. Tim=20 suggested that it would be a great exercise to go back and re-review = chart=20 models *prior* to the '90's in HTMMIS and in the CANSLIM/IBD Advanced = Seminar=20 notebook (for those who have attended). A great idea and something I'll = be=20 adding to my to-do list.

 
So...back to XRAY. Because XRAY hasn't formed a series of bases = separated=20 by a rise of 25%, you don't reset the base count. See my annotations at: = http://WallStr= eet-LLC.com/canslim/XRAY081402.jpg.
 
That leaves us with looking at the most current base, a V-shaped = cup with=20 no valid handle yet in my mind. (Certainly open to interpretation, so = fire=20 away!). See it at: http://WallS= treet-LLC.com/canslim/XRAY(2)081402.jpg
 
Katherine
 
PS...Thanks for your question Jeffrey.... a real gold mine of = learning for=20 me personally.
 
 
----- Original Message -----
From:=20 Gasta,=20 Jeffrey
Sent: Thursday, August 08, 2002 = 2:58=20 PM
Subject: RE: [CANSLIM] Current = Case Study=20 - XRAY

Hello, another neophyte here.  If the most recent = pattern for XRAY=20 is a valid CWH, then what stage base is it?  I think I see a flat = base=20 running from about Feb. 02 until late May.  This most recent = pattern=20 undercuts the previous pattern.  So maybe this is a 1st stage = base? =20 Thanks, jg
-----Original Message-----
From: Mike Gibbons=20 [mailto:mike@proactech.com]
Sent: Thursday, August 08, = 2002 3:27=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Current Case Study - XRAY

In view of the interest in current cases = rather=20 than 20-20 hindsight,  and discussions to = aid the=20 learning process,  I offer XRAY as an = example,=20 which broke out today from a CwH pattern with short=20 handle
 
Firstly, let me add the disclaimer that = I'm a=20 programmer who was introduced to CANSLIM as a development project, = and I'm 1=20 year into the 3 yr learning curve, so further comment by the = "experts" is=20 welcomed to improve my own understanding.
 
Firstly the fundamentals which are very strong, with = the=20 exception that Institutional Ownership is already quite high. There = are=20 differing views on what the level should be, but somewhere less than = 30%=20 would be better. Additional DD would be required to = determine why=20 pre-tax profit margins are decreasing and if that is cause = for=20 concern. (This information is drawn from yahoo/multex not=20 IBD)  
 
C
Current = Earnings
Earnings per share growth of = at least 25%=20 in the most recent quarter

Most recent quarter year on = year growth.=20 (Published financial data).

 35.00 % =
Latest three quarters of = sales growth=20 should be a minimum of 25%
Average year on year growth = for last 3=20 quarters. (Published financial data).
 51.00 % =
Sales growth should be = accelerating.=20
Difference in year on year = growth rates=20 over last 3 quarters. (Published financial data). =
23.00 =
A
Strong Annual Earnings=20 Growth
Annual earnings growth for = the last three=20 years of 25% or greater
3 year compound EPS growth = rate.=20 (Published financial data).
 53.00 % =
Return on equity should be at = least=20 17%
Published financial = data.
 21.00 = %
Pretax profit margins should = be=20 increasing
Profit Margin for most recent = quarter=20 minus profit margin 1 year ago. (Published financial=20 data).
 -1.00 =
N
New Products, Services or = Leadership
If a company has a dynamic = new product or=20 service, or is capitalizing on new conditions in the economy, = this can=20 have a dramatic impact on the price of a stock. Buy stocks = just as=20 they emerge from a sound "base" pattern and make new price = highs.=20
Not = Known  
S
Supply and Demand =
Watch the demand for shares = by looking at=20 the percentage change in volume for each of your stocks. = Analyze a=20 stock's daily and weekly price and volume changes. =
The up/down volume ratio = measures the=20 ratio of accumulation days to distribution days over the last = 50=20 days.
 0.90 =
L
Leading Stocks in Leading = Industry Groups=20
Nearly 50% of a stock's price = action is a=20 result of its industry group's performance. Focus on the top = industry=20 groups, and within those groups select stocks with the best = price=20 performance.
Multex Industry Rank ( 0 - 99 = )
(26=20 week relative performance).
 90 =

Multex Rank within Industry ( 0 = - 99 ).=20 Provided for informational purposes only.
(4 week relative=20 performance)

 22 =
The stock's Relative Price = Strength=20 Rating should be in the 80s or 90s
We calculate RS daily by = ranking all=20 NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described=20 here. It correlates well with IBD's. = Value.=20 Score pro-rated in range 60-79.
 83 =
I
Institutional = Sponsorship
You want at least a few of = the better=20 performing mutual funds owning the stock. They're the ones who = will=20 drive the stock up on a sustained basis.
Institutional Ownership. = Value in range 5=20 - 30% needed to score 1.
 79.00 % =
No. of Institutions. Provided = for=20 informational purposes only.
 568 =
M
Market Direction =
You can buy the best stocks, = but if the=20 general market is weak, most likely your stocks will be weak=20 also.
Because Market Direction is = not specific=20 to any one particular stock, we do not evaluate it on a per = stock=20 basis.
  
 
Look at the chart below. Note that the = handle is=20 only 3 days long. This is normally insufficient to have shaken out = the=20 potential sellers and WON recommends that a handle should be at = least 1-2=20 weeks long, otherwise a breakout is prone to failure. Also the = volume in the=20 handle has not dried up. This is often the case in the early days of = handle=20 formation and we would like to see the volume decrease below the ADV = and the=20 price wedge downwards as the handle progresses.
 
Look at the volume coming up the right = side of the=20 cup - consistently above the 50 ADV accompanied by big price = positive price=20 movements, with only two days when the stock closed slightly down. = It would=20 have been better if the volume had been below the ADV on those days, = in=20 which case the stock would have earned a higher CQ (Chart Quality)=20 score.

 Note the RS=20 line. This is quite high at 83, but has advanced only=20 slightly over the last few days despite=20 significant price gains in this stock. This indicates that other=20 stocks are doing at least as=20 well.
 
The 50 day = up/down=20 volume is at 0.90. Values less than 1 mean that the down volume days = exceed=20 the up volume days. However, the trend of the line is upwards, which = is a=20 positive sign.
 
 I'll go out on a limb and = say my guess=20 is that todays breakout will not be sustained (although its holding now -=20 just) and it will continue to form a handle.=20
 
I conclude that this is one to watch but = not to buy=20 right=20 = now.
=
 
3D""
 
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
------=_NextPart_000_00CD_01C24393.ABA20210-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Date: 14 Aug 2002 08:31:02 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_001B_01C2436C.EC91C3E0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Thanks Katherine, I seem to be getting more than my fair share of coaching lately, I hope others are benefiting also. So if I've understood, you look to the technicals first to alert you to stocks that warrant more careful scrutiny, then look at the fundamentals to screen for those that are CANSLIMish and finally do the real down and dirty due diligence ( I think I just invented a new acronym - DDDD). Now when you say "the bear has taught me to favor technicals first", does that mean "in a bear market, I favor technicals first" or would this approach apply in all markets? If not, why not? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Wednesday, August 14, 2002 5:55 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Hi Mike, Thought I might first clear up Charley's reference to my comment about technicals. As I see it, technicals have *always* been important, but the Bear has taught me to favor technicals first in my analysis/mining techniques. This is a subtle shift in my thinking, maybe due to the Bear and maybe due to a new understanding of the CANSLIM discipline which continues to evolve day by day. Your comments brought some things to mind: (1) You can always make money using technicals as your only indicator, but the entry/exit has to be in the short term, as that is the only period in which fundamentals would have no influence on the stock movement. Intermediate term and beyond, the fundamentals are what drive the business and create value. In other words, the earnings and cash stream, reinvested in the business for growth or distributed to shareholders via dividends, create value in the underlying investment. If trading in the short term, you would never wait for the entire period of intermediate term consolidation to form, but instead would take advantage of the current directional ride. For example, in a cup & handle, you would essentially hitch a ride on the right side of a cup. You would also trade, e.g., reversals from extremely oversold conditions, regardless of the relative strength of the stock to the market. In some cases, you'd be bottom fishing. That's fine in a short term trade because you don't care what the next direction is going to be once you exit. In intermediate term and beyond, the next direction is what matters the most, because you are riding an underlying wave of movement that covers a longer period of time. Essentially, the short term trader gets *really* close to the chart and looks for ups/downs to ride. The intermediate term trader steps back 3 feet and looks for the underlying movement, up or down, with the close up price wiggles smoothed out. The long term trader steps back 7 feet and looks for underlying movement, with most all of the wiggles smoothed out. (2) If you have 200 stocks with identical technicals and you are trading intermediate term and beyond, how would you choose between them? Fundamentals and due diligence allow you to assess the potential return on investment given (1) above. That, in turn, allows you to eliminate some and rank the remainder. (3) WON's wording is "Buy on the fundamentals, sell on the technicals" meaning buy based on the fundamental characteristics of the company using technicals for entry, but on the flipside, consider only technicals when selling because fundamental indicators don't tell you that sales and profits are deteriorating until after the fact. Look at any highflier from the last Bull. Take CSCO as example. At the time the price peaked around 80-85 in 2000, the fundamentals looked peachy. ROE, sales/earnings growth, etc. The technicals topped and began to slide, but it wasn't until 3 or 4 quarters later that it be came apparent that fundamentals were stinky. (4) When you select and enter a stock well under intermediate term rules, the longer the underlying upward movement in the market, the more likely it is that you will have a "big winner." During the Bear, the upward waves have been short-lived. The best you could hope for was an excellent move while the market was in an intermediate term rally within the longer term bear. That means the exits are designed to protect capital. Despite a good company, the majority of stocks eventually get caught in the downdraft. However, if you are in the habit of catching things as they begin their ascent and the market as a whole moves from Bear rally mode to sustainable Bull mode, you're on for the ride already. That will allow you to stay with a winning position much longer, despite the near term price wiggles. Katherine ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Sunday, August 11, 2002 4:47 AM Subject: RE: [CANSLIM] NVDA I didn't realize what a pandora's box I was opening , but I'm glad I did raise the lid on NVDA. What I learned was: a.. an excellent "C" and "A" can be misleading b.. The technicals such as RS, up/down volume, etc were indicators that there's something rotten in the state of Denmark, despite the fundamentals Which would appear to confirm that everything you need to know is already in the tape. Question: is this only true in a bear market? (I'm referring to Katherine's statement quoted by Charley), and if it's universally true then can't the lazy one's among us (and I include myself in that category) simply cheat by swing trading patterns, not CANSLIM fundamentals? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Saturday, August 10, 2002 5:49 PM To: canslim@lists.xmission.com Subject: [CANSLIM] NVDA A week or so ago, (time passes so fast), Katherine made a statement to the effect that the technicals are more important than the fundamentals in a bear market. I have now observed this to be true on numerous recent occasions, but my first impulse is to look for fundamental excuses for a falling stock price. Quoting from a book I am reading, "The fundamental work answers the question what, and the technical side of the equation answers the question when." , points out how important it is to have all the facts. Thanks for calling my attention to the SEC investigation. It is so discouraging to learn of these repeated accounting problems. One of these days I will stop believing in Santa Claus. Charley ------=_NextPart_000_001B_01C2436C.EC91C3E0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Thanks Katherine,
 
I=20 seem to be getting more than my fair share of coaching lately, I hope = others are=20 benefiting also.
 
So if=20 I've understood, you look to the technicals first to alert you to stocks = that=20 warrant more careful scrutiny, then look at the fundamentals to screen = for those=20 that are CANSLIMish and finally do the real down and dirty due = diligence (=20 I think I just invented a new acronym - DDDD).
 
Now=20 when you say "the bear has taught me to favor technicals first", does = that mean=20 "in a bear market, I favor technicals first" or would this approach = apply in all=20 markets? If not, why not?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Wednesday, August 14, 2002 5:55 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Re:Technicals = vs=20 Fundamentals (was: NVDA)

Hi Mike,
 
Thought I might first clear up Charley's reference to my comment = about=20 technicals. As I see it, technicals have *always* been important, but = the Bear=20 has taught me to favor technicals first in my analysis/mining = techniques. This=20 is a subtle shift in my thinking, maybe due to the Bear and maybe due = to a new=20 understanding of the CANSLIM discipline which continues to evolve = day by=20 day. 
 
Your comments brought some things to mind:
 
(1) You can always make money using technicals as your only = indicator,=20 but the entry/exit has to be in the short term, as that is the only = period in=20 which fundamentals would have no influence on the stock movement. = Intermediate=20 term and beyond, the fundamentals are what drive the business and = create=20 value. In other words, the earnings and cash stream, reinvested in the = business for growth or distributed to shareholders via dividends, = create value=20 in the underlying investment. If trading in the short term, you would = never=20 wait for the entire period of intermediate term consolidation to form, = but=20 instead would take advantage of the current directional ride. For = example, in=20 a cup & handle, you would essentially hitch a ride on the right = side of a=20 cup. You would also trade, e.g., reversals from extremely oversold = conditions,=20 regardless of the relative strength of the stock to the market. In = some cases,=20 you'd be bottom fishing. That's fine in a short term trade because you = don't=20 care what the next direction is going to be once you exit. In = intermediate=20 term and beyond, the next direction is what matters the most, because = you are=20 riding an underlying wave of movement that covers a longer period of = time.=20 Essentially, the short term trader gets *really* close to the chart = and looks=20 for ups/downs to ride. The intermediate term trader steps back 3 feet = and=20 looks for the underlying movement, up or down, with the close up price = wiggles=20 smoothed out. The long term trader steps back 7 feet and looks for = underlying=20 movement, with most all of the wiggles smoothed out.
 
(2) If you have 200 stocks with identical technicals and you are = trading=20 intermediate term and beyond, how would you choose between them? = Fundamentals=20 and due diligence allow you to assess the potential return on = investment given=20 (1) above. That, in turn, allows you to eliminate some and rank the=20 remainder.
 
(3) WON's wording is "Buy on the fundamentals, sell on the = technicals"=20 meaning buy based on the fundamental characteristics of the company = using=20 technicals for entry, but on the flipside, consider only technicals = when=20 selling because fundamental indicators don't tell you that sales and = profits=20 are deteriorating until after the fact. Look at any highflier from the = last=20 Bull. Take CSCO as example. At the time the price peaked around 80-85 = in 2000,=20 the fundamentals looked peachy. ROE, sales/earnings growth, etc. = The=20 technicals topped and began to slide, but it wasn't until 3 or 4 = quarters=20 later that it be came apparent that fundamentals were stinky.
 
(4) When you select and enter a stock well under intermediate = term rules,=20 the longer the underlying upward movement in the market, the more = likely it is=20 that you will have a "big winner." During the Bear, the upward waves = have been=20 short-lived. The best you could hope for was an excellent move while = the=20 market was in an intermediate term rally within the longer term bear. = That=20 means the exits are designed to protect capital. Despite a good = company, the=20 majority of stocks eventually get caught in the downdraft. However, if = you are=20 in the habit of catching things as they begin their ascent and the = market as a=20 whole moves from Bear rally mode to sustainable Bull mode, you're on = for the=20 ride already. That will allow you to stay with a winning position much = longer,=20 despite the near term price wiggles.
 
Katherine
----- Original Message -----
From:=20 Mike Gibbons
Sent: Sunday, August 11, 2002 = 4:47=20 AM
Subject: RE: [CANSLIM] = NVDA

I=20 didn't realize what a pandora's box I was opening , but I'm glad I = did raise=20 the lid on NVDA.
 
What I learned was:
  • an excellent "C" and "A" can = be misleading=20
  • The technicals such as = RS, up/down=20 volume, etc were indicators that there's something rotten in the = state of=20 Denmark, despite the fundamentals
Which would appear to confirm that = everything you=20 need to know is already in the tape.
 
Question: is this only true in a bear = market? (I'm=20 referring to Katherine's statement quoted by Charley), and if it's=20 universally true then can't the lazy one's among us (and I include = myself in=20 that category) simply cheat by swing trading patterns, not CANSLIM=20 fundamentals?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Saturday, August 10, 2002 = 5:49=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 NVDA

A week or=20 so ago, (time passes so fast), Katherine made a statement to the = effect=20 that the technicals are more important than the fundamentals in a = bear=20 market. I have now observed this to be true on numerous recent = occasions,=20 but my first impulse is to look for fundamental excuses for a = falling=20 stock price.
Quoting from a book I am reading, "The = fundamental work=20 answers the question what, and the technical side of the = equation=20 answers the question when." , points out how important it = is to=20 have all the facts.
Thanks for calling my attention to the SEC = investigation. It is so discouraging to learn of these repeated = accounting=20 problems. One of these days I will stop believing in Santa Claus.=20

Charley=20
------=_NextPart_000_001B_01C2436C.EC91C3E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Date: 14 Aug 2002 13:48:34 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00FD_01C24399.48A538C0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Hi Mike, I understand your question and see that it was my wording that may have = prompted it. Yes, my assessment is that you can never go wrong *in any = market* by screening for technicals first. Why? Because: (1) Stocks that have broken down technically are telling you something, = despite the rosy fundamental picture. ("Buy on the fundamentals, sell on = the technicals"). (2) Despite good fundamentals, a CANSLIM stock is not a valid buy unless = it is also setting up technically. That helps you avoid a stock with = good fundamentals that nobody wants to own. Afterall, if nobody's = bidding the price up, you're not going to make any money in the = intermediate term. (3) Sometimes a good stock gets lost in the noise of fundamental = screening. That is, if you screen too tightly for *all* the recommended = CANSLIM fundamental characteristics and/or the data itself is missing = and/or erroneous, you miss good potential candidates. Also, when a stock = is in turnaround mode, you'll find that some fundamental indicators take = a while to shape up. If you screen for the right technical action, it's = hard to miss good candidates. Why? Because if you have a decent data = source, it's pretty hard to have bad data on basic price/volume = activity. So, my preference is to look for *very* simple and basic fundamental = requirements that would qualify a stock as a potential CANSLIM = candidate. Simply, forward growth rate (>=3D15%) and liquidity (I = personally use $10/90000 AvgVol, but opinions vary on that). I don't = bother looking further if these requirements aren't met, technicals or = no. Why? If it's not a growth stock, it's not CANSLIM. If it's not = liquid enough to attract the institutional crowd, then I'm not = interested. At that point, I then look to technical condition to draw my = eye to strength, then narrow down the stocks and/or rank them based on a = "preponderance of evidence" review of the fundamentals and the DDDD to = which you refer because it's there you uncover potential = business/accounting red flags and make an assessment as to the "N"(ew) = that fuels future growth. (And by the way, I *love* the DDDD term...down = and dirty due diligence....excellent!) Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 14, 2002 1:31 PM Subject: RE: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Thanks Katherine, I seem to be getting more than my fair share of coaching lately, I = hope others are benefiting also.=20 So if I've understood, you look to the technicals first to alert you = to stocks that warrant more careful scrutiny, then look at the = fundamentals to screen for those that are CANSLIMish and finally do the = real down and dirty due diligence ( I think I just invented a new = acronym - DDDD). Now when you say "the bear has taught me to favor technicals first", = does that mean "in a bear market, I favor technicals first" or would = this approach apply in all markets? If not, why not? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Wednesday, August 14, 2002 5:55 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Hi Mike, Thought I might first clear up Charley's reference to my comment = about technicals. As I see it, technicals have *always* been important, = but the Bear has taught me to favor technicals first in my = analysis/mining techniques. This is a subtle shift in my thinking, maybe = due to the Bear and maybe due to a new understanding of the CANSLIM = discipline which continues to evolve day by day.=20 Your comments brought some things to mind: (1) You can always make money using technicals as your only = indicator, but the entry/exit has to be in the short term, as that is = the only period in which fundamentals would have no influence on the = stock movement. Intermediate term and beyond, the fundamentals are what = drive the business and create value. In other words, the earnings and = cash stream, reinvested in the business for growth or distributed to = shareholders via dividends, create value in the underlying investment. = If trading in the short term, you would never wait for the entire period = of intermediate term consolidation to form, but instead would take = advantage of the current directional ride. For example, in a cup & = handle, you would essentially hitch a ride on the right side of a cup. = You would also trade, e.g., reversals from extremely oversold = conditions, regardless of the relative strength of the stock to the = market. In some cases, you'd be bottom fishing. That's fine in a short = term trade because you don't care what the next direction is going to be = once you exit. In intermediate term and beyond, the next direction is = what matters the most, because you are riding an underlying wave of = movement that covers a longer period of time. Essentially, the short = term trader gets *really* close to the chart and looks for ups/downs to = ride. The intermediate term trader steps back 3 feet and looks for the = underlying movement, up or down, with the close up price wiggles = smoothed out. The long term trader steps back 7 feet and looks for = underlying movement, with most all of the wiggles smoothed out. (2) If you have 200 stocks with identical technicals and you are = trading intermediate term and beyond, how would you choose between them? = Fundamentals and due diligence allow you to assess the potential return = on investment given (1) above. That, in turn, allows you to eliminate = some and rank the remainder. (3) WON's wording is "Buy on the fundamentals, sell on the = technicals" meaning buy based on the fundamental characteristics of the = company using technicals for entry, but on the flipside, consider only = technicals when selling because fundamental indicators don't tell you = that sales and profits are deteriorating until after the fact. Look at = any highflier from the last Bull. Take CSCO as example. At the time the = price peaked around 80-85 in 2000, the fundamentals looked peachy. ROE, = sales/earnings growth, etc. The technicals topped and began to slide, = but it wasn't until 3 or 4 quarters later that it be came apparent that = fundamentals were stinky.=20 (4) When you select and enter a stock well under intermediate term = rules, the longer the underlying upward movement in the market, the more = likely it is that you will have a "big winner." During the Bear, the = upward waves have been short-lived. The best you could hope for was an = excellent move while the market was in an intermediate term rally within = the longer term bear. That means the exits are designed to protect = capital. Despite a good company, the majority of stocks eventually get = caught in the downdraft. However, if you are in the habit of catching = things as they begin their ascent and the market as a whole moves from = Bear rally mode to sustainable Bull mode, you're on for the ride = already. That will allow you to stay with a winning position much = longer, despite the near term price wiggles. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 11, 2002 4:47 AM Subject: RE: [CANSLIM] NVDA I didn't realize what a pandora's box I was opening , but I'm glad = I did raise the lid on NVDA. What I learned was: a.. an excellent "C" and "A" can be misleading=20 b.. The technicals such as RS, up/down volume, etc were = indicators that there's something rotten in the state of Denmark, = despite the fundamentals Which would appear to confirm that everything you need to know is = already in the tape. Question: is this only true in a bear market? (I'm referring to = Katherine's statement quoted by Charley), and if it's universally true = then can't the lazy one's among us (and I include myself in that = category) simply cheat by swing trading patterns, not CANSLIM = fundamentals? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Saturday, August 10, 2002 5:49 PM To: canslim@lists.xmission.com Subject: [CANSLIM] NVDA A week or so ago, (time passes so fast), Katherine made a = statement to the effect that the technicals are more important than the = fundamentals in a bear market. I have now observed this to be true on = numerous recent occasions, but my first impulse is to look for = fundamental excuses for a falling stock price.=20 Quoting from a book I am reading, "The fundamental work answers = the question what, and the technical side of the equation answers the = question when." , points out how important it is to have all the facts.=20 Thanks for calling my attention to the SEC investigation. It is = so discouraging to learn of these repeated accounting problems. One of = these days I will stop believing in Santa Claus.=20 Charley=20 ------=_NextPart_000_00FD_01C24399.48A538C0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Hi Mike,
 
I understand your question and see that it was my wording that may = have=20 prompted it. Yes, my assessment is that you can never go wrong *in any = market*=20 by screening for technicals first. Why? Because:
 
(1) Stocks that have broken down technically are telling you = something,=20 despite the rosy fundamental picture. ("Buy on the fundamentals, sell on = the=20 technicals").
 
(2) Despite good fundamentals, a CANSLIM stock is not a valid buy = unless it=20 is also setting up technically. That helps you avoid a stock with good=20 fundamentals that nobody wants to own. Afterall, if nobody's bidding the = price=20 up, you're not going to make any money in the intermediate term.
 
(3) Sometimes a good stock gets lost in the noise of fundamental = screening.=20 That is, if you screen too tightly for *all* the recommended CANSLIM = fundamental=20 characteristics and/or the data itself is missing and/or erroneous, you = miss=20 good potential candidates. Also, when a stock is in turnaround mode, = you'll find=20 that some fundamental indicators take a while to shape up. If you screen = for the=20 right technical action, it's hard to miss good candidates. Why? Because = if you=20 have a decent data source, it's pretty hard to have bad data on basic=20 price/volume activity.
 
So, my preference is to look for *very* simple and basic = fundamental=20 requirements that would qualify a stock as a potential CANSLIM = candidate.=20 Simply, forward growth rate (>=3D15%) and liquidity (I personally use = $10/90000=20 AvgVol, but opinions vary on that). I don't bother looking further if = these=20 requirements aren't met, technicals or no. Why? If it's not a growth = stock, it's=20 not CANSLIM. If it's not liquid enough to attract the institutional = crowd, then=20 I'm not interested. At that point, I then look to technical condition to = draw my=20 eye to strength, then narrow down the stocks and/or rank them based on a = "preponderance of evidence" review of the fundamentals and the DDDD to = which you=20 refer because it's there you uncover potential business/accounting red = flags and=20 make an assessment as to the "N"(ew) that fuels future growth. (And by = the way,=20 I *love* the DDDD term...down and dirty due = diligence....excellent!)
 
Katherine
----- Original Message -----
From:=20 Mike = Gibbons=20
Sent: Wednesday, August 14, = 2002 1:31=20 PM
Subject: RE: [CANSLIM] = Re:Technicals vs=20 Fundamentals (was: NVDA)

Thanks Katherine,
 
I=20 seem to be getting more than my fair share of coaching lately, I hope = others=20 are benefiting also.
 
So=20 if I've understood, you look to the technicals first to alert you to = stocks=20 that warrant more careful scrutiny, then look at the fundamentals to = screen=20 for those that are CANSLIMish and finally do the real down and = dirty due=20 diligence ( I think I just invented a new acronym - = DDDD).
 
Now=20 when you say "the bear has taught me to favor technicals first", does = that=20 mean "in a bear market, I favor technicals first" or would this = approach apply=20 in all markets? If not, why not?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Wednesday, August 14, 2002 5:55 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] = Re:Technicals vs=20 Fundamentals (was: NVDA)

Hi Mike,
 
Thought I might first clear up Charley's reference to my = comment about=20 technicals. As I see it, technicals have *always* been important, = but the=20 Bear has taught me to favor technicals first in my analysis/mining=20 techniques. This is a subtle shift in my thinking, maybe due to the = Bear and=20 maybe due to a new understanding of the CANSLIM discipline = which=20 continues to evolve day by day. 
 
Your comments brought some things to mind:
 
(1) You can always make money using technicals as your only = indicator,=20 but the entry/exit has to be in the short term, as that is the only = period=20 in which fundamentals would have no influence on the stock movement. = Intermediate term and beyond, the fundamentals are what drive the = business=20 and create value. In other words, the earnings and cash stream, = reinvested=20 in the business for growth or distributed to shareholders via = dividends,=20 create value in the underlying investment. If trading in the short = term, you=20 would never wait for the entire period of intermediate term = consolidation to=20 form, but instead would take advantage of the current directional = ride. For=20 example, in a cup & handle, you would essentially hitch a ride = on the=20 right side of a cup. You would also trade, e.g., reversals from = extremely=20 oversold conditions, regardless of the relative strength of the = stock to the=20 market. In some cases, you'd be bottom fishing. That's fine in a = short term=20 trade because you don't care what the next direction is going to be = once you=20 exit. In intermediate term and beyond, the next direction is what = matters=20 the most, because you are riding an underlying wave of movement that = covers=20 a longer period of time. Essentially, the short term trader gets = *really*=20 close to the chart and looks for ups/downs to ride. The intermediate = term=20 trader steps back 3 feet and looks for the underlying movement, up = or down,=20 with the close up price wiggles smoothed out. The long term trader = steps=20 back 7 feet and looks for underlying movement, with most all of the = wiggles=20 smoothed out.
 
(2) If you have 200 stocks with identical technicals and you = are=20 trading intermediate term and beyond, how would you choose between = them?=20 Fundamentals and due diligence allow you to assess the potential = return on=20 investment given (1) above. That, in turn, allows you to eliminate = some and=20 rank the remainder.
 
(3) WON's wording is "Buy on the fundamentals, sell on the = technicals"=20 meaning buy based on the fundamental characteristics of the company = using=20 technicals for entry, but on the flipside, consider only technicals = when=20 selling because fundamental indicators don't tell you that sales and = profits=20 are deteriorating until after the fact. Look at any highflier from = the last=20 Bull. Take CSCO as example. At the time the price peaked around = 80-85 in=20 2000, the fundamentals looked peachy. ROE, sales/earnings = growth, etc.=20 The technicals topped and began to slide, but it wasn't until 3 or 4 = quarters later that it be came apparent that fundamentals were = stinky.=20
 
(4) When you select and enter a stock well under intermediate = term=20 rules, the longer the underlying upward movement in the market, the = more=20 likely it is that you will have a "big winner." During the Bear, the = upward=20 waves have been short-lived. The best you could hope for was an = excellent=20 move while the market was in an intermediate term rally within the = longer=20 term bear. That means the exits are designed to protect capital. = Despite a=20 good company, the majority of stocks eventually get caught in the = downdraft.=20 However, if you are in the habit of catching things as they begin = their=20 ascent and the market as a whole moves from Bear rally mode to = sustainable=20 Bull mode, you're on for the ride already. That will allow you to = stay with=20 a winning position much longer, despite the near term price = wiggles.
 
Katherine
----- Original Message ----- =
From:=20 Mike Gibbons
To: canslim@lists.xmission.com= =20
Sent: Sunday, August 11, = 2002 4:47=20 AM
Subject: RE: [CANSLIM] = NVDA

I didn't realize what a pandora's box I was opening , but = I'm glad=20 I did raise the lid on NVDA.
 
What I learned was:
  • an excellent "C" and "A" can=20 be misleading=20
  • The = technicals such=20 as RS, up/down volume, etc were indicators that there's = something rotten=20 in the state of Denmark, despite the = fundamentals
Which would appear to confirm that = everything you=20 need to know is already in the tape.
 
Question: is this only true in a bear = market?=20 (I'm referring to Katherine's statement quoted by Charley), and if = it's=20 universally true then can't the lazy one's among us (and I include = myself=20 in that category) simply cheat by swing trading patterns, not = CANSLIM=20 fundamentals?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Saturday, August 10, 2002 = 5:49=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 NVDA

A week=20 or so ago, (time passes so fast), Katherine made a statement to = the=20 effect that the technicals are more important than the = fundamentals in a=20 bear market. I have now observed this to be true on numerous = recent=20 occasions, but my first impulse is to look for fundamental = excuses for a=20 falling stock price.
Quoting from a book I am reading, "The=20 fundamental work answers the question what, and the = technical=20 side of the equation answers the question when." , points = out how=20 important it is to have all the facts.
Thanks for calling my = attention to the SEC investigation. It is so discouraging to = learn of=20 these repeated accounting problems. One of these days I will = stop=20 believing in Santa Claus.

Charley=20 =
= ------=_NextPart_000_00FD_01C24399.48A538C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 14 Aug 2002 08:52:48 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0023_01C2436F.F73E95E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit > a V-shaped cup with no valid handle yet in my mind. I agree. It formed two short handles (less than 5 days so not valid) starting on 8/8 and then 8/13. Today it's moved up 3.7% on above average volume and so is out of the most recent "handle" at least momentarily - the market close will determine if it continues to form the current handle or not. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Wednesday, August 14, 2002 8:08 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Current Case Study - XRAY Hi Jeffrey, I've had your question set a side since you posted, because frankly, XRAY's pattern did not fit the mold of the "Healthy Rising Stock" in which you can easily count bases and I was clueless as to how to answer. Here's what I *did* know by looking at XRAY's chart: -This is a stock on the rise, each time sporting a new, valid, base as it progresses along the uptrending path. In that sense, it fits the model of a "healthy rising stock" as I outlined in my notes the other day on the CECO discussion. http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG -This is not an ascending base, but instead a series of bases one after the other http://WallStreet-LLC.com/canslim/TypesOfBases.JPG -The problem with your question is that the rise between each successive base is not at least 25%, which would allow you to "count bases" in a traditional sense. That means that it's unlikely that this would be considered a first stage base. Intuitively, it doesn't make sense that it would be, either. Now, I was stuck, because the advance doesn't fit the mold. So how in the world to count bases? WON says that if it doesn't rise at least 25%, you don't add to the count. But.... I'm still not sure how you would treat something like this in that context. In my mind, if a stock is rising/basing/rising/basing/etc., *especially* in a Bear Market, then there's something going for it. So, to answer your question specifically, I called in the big guns and asked Tim Truebenbach of TradingMarkets.com. Here is his reply in answer to the specific question, "If the rise between bases is <25%, how do you count it?" His answer: "If the rise is less than 25% and the stock forms a new qualifying base (7 weeks or longer) then I would not count the previous base in the base count." [KM Note: a flat base only needs to be >=5wks] But, interestingly, he added this additional comment: "I don't put much weight into base counts during a Bear Market, because a stock that would normally push higher in an orderly fashion gets very choppy. At this point, just look at the most recent base of a stock and assess it from there." Well, there you go... a fresh point of view and something new learned as a result! In our conversation, another very interesting point came up. That is, though I am a fiend about reading market history, my own personal active trading experience is entirely in the '90's. That means that I have mental models of chart patterns formed accordingly. Tim suggested that it would be a great exercise to go back and re-review chart models *prior* to the '90's in HTMMIS and in the CANSLIM/IBD Advanced Seminar notebook (for those who have attended). A great idea and something I'll be adding to my to-do list. So...back to XRAY. Because XRAY hasn't formed a series of bases separated by a rise of 25%, you don't reset the base count. See my annotations at: http://WallStreet-LLC.com/canslim/XRAY081402.jpg. That leaves us with looking at the most current base, a V-shaped cup with no valid handle yet in my mind. (Certainly open to interpretation, so fire away!). See it at: http://WallStreet-LLC.com/canslim/XRAY(2)081402.jpg Katherine PS...Thanks for your question Jeffrey.... a real gold mine of learning for me personally. ----- Original Message ----- From: Gasta, Jeffrey To: 'canslim@lists.xmission.com' Sent: Thursday, August 08, 2002 2:58 PM Subject: RE: [CANSLIM] Current Case Study - XRAY Hello, another neophyte here. If the most recent pattern for XRAY is a valid CWH, then what stage base is it? I think I see a flat base running from about Feb. 02 until late May. This most recent pattern undercuts the previous pattern. So maybe this is a 1st stage base? Thanks, jg -----Original Message----- From: Mike Gibbons [mailto:mike@proactech.com] Sent: Thursday, August 08, 2002 3:27 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Current Case Study - XRAY In view of the interest in current cases rather than 20-20 hindsight, and discussions to aid the learning process, I offer XRAY as an example, which broke out today from a CwH pattern with short handle Firstly, let me add the disclaimer that I'm a programmer who was introduced to CANSLIM as a development project, and I'm 1 year into the 3 yr learning curve, so further comment by the "experts" is welcomed to improve my own understanding. Firstly the fundamentals which are very strong, with the exception that Institutional Ownership is already quite high. There are differing views on what the level should be, but somewhere less than 30% would be better. Additional DD would be required to determine why pre-tax profit margins are decreasing and if that is cause for concern. (This information is drawn from yahoo/multex not IBD) C Current Earnings Earnings per share growth of at least 25% in the most recent quarter Most recent quarter year on year growth. (Published financial data). 35.00 % Latest three quarters of sales growth should be a minimum of 25% Average year on year growth for last 3 quarters. (Published financial data). 51.00 % Sales growth should be accelerating. Difference in year on year growth rates over last 3 quarters. (Published financial data). 23.00 A Strong Annual Earnings Growth Annual earnings growth for the last three years of 25% or greater 3 year compound EPS growth rate. (Published financial data). 53.00 % Return on equity should be at least 17% Published financial data. 21.00 % Pretax profit margins should be increasing Profit Margin for most recent quarter minus profit margin 1 year ago. (Published financial data). -1.00 N New Products, Services or Leadership If a company has a dynamic new product or service, or is capitalizing on new conditions in the economy, this can have a dramatic impact on the price of a stock. Buy stocks just as they emerge from a sound "base" pattern and make new price highs. Not Known S Supply and Demand Watch the demand for shares by looking at the percentage change in volume for each of your stocks. Analyze a stock's daily and weekly price and volume changes. The up/down volume ratio measures the ratio of accumulation days to distribution days over the last 50 days. 0.90 L Leading Stocks in Leading Industry Groups Nearly 50% of a stock's price action is a result of its industry group's performance. Focus on the top industry groups, and within those groups select stocks with the best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). 90 Multex Rank within Industry ( 0 - 99 ). Provided for informational purposes only. (4 week relative performance) 22 The stock's Relative Price Strength Rating should be in the 80s or 90s We calculate RS daily by ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described here. It correlates well with IBD's. Value. Score pro-rated in range 60-79. 83 I Institutional Sponsorship You want at least a few of the better performing mutual funds owning the stock. They're the ones who will drive the stock up on a sustained basis. Institutional Ownership. Value in range 5 - 30% needed to score 1. 79.00 % No. of Institutions. Provided for informational purposes only. 568 M Market Direction You can buy the best stocks, but if the general market is weak, most likely your stocks will be weak also. Because Market Direction is not specific to any one particular stock, we do not evaluate it on a per stock basis. Look at the chart below. Note that the handle is only 3 days long. This is normally insufficient to have shaken out the potential sellers and WON recommends that a handle should be at least 1-2 weeks long, otherwise a breakout is prone to failure. Also the volume in the handle has not dried up. This is often the case in the early days of handle formation and we would like to see the volume decrease below the ADV and the price wedge downwards as the handle progresses. Look at the volume coming up the right side of the cup - consistently above the 50 ADV accompanied by big price positive price movements, with only two days when the stock closed slightly down. It would have been better if the volume had been below the ADV on those days, in which case the stock would have earned a higher CQ (Chart Quality) score. Note the RS line. This is quite high at 83, but has advanced only slightly over the last few days despite significant price gains in this stock. This indicates that other stocks are doing at least as well. The 50 day up/down volume is at 0.90. Values less than 1 mean that the down volume days exceed the up volume days. However, the trend of the line is upwards, which is a positive sign. I'll go out on a limb and say my guess is that todays breakout will not be sustained (although its holding now - just) and it will continue to form a handle. I conclude that this is one to watch but not to buy right now. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_0023_01C2436F.F73E95E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
>=20 a V-shaped cup = with no valid=20 handle yet in my mind.
 
I=20 agree. It formed two short handles (less than 5 days so not valid) = starting on=20 8/8 and then 8/13. Today it's moved up 3.7% on above average volume = and so=20 is out of the most recent "handle" at least momentarily - the market = close will=20 determine if it continues to form the current handle or = not.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Wednesday, August 14, 2002 8:08 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Current = Case Study=20 - XRAY

Hi Jeffrey,
 
I've had your question set a side since you posted, because = frankly,=20 XRAY's pattern did not fit the mold of the "Healthy Rising Stock" in = which you=20 can easily count bases and I was clueless as to how to answer.
 
Here's what I *did* know by looking at XRAY's chart:
-This is a stock on the rise, each time sporting a new, valid, = base as it=20 progresses along the uptrending path. In that sense, it fits the model = of a=20 "healthy rising stock" as I outlined in my notes the other day on the = CECO=20 discussion.
          &nbs= p;       =20 http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG
=

-This is not an = ascending base,=20 but instead a series of bases one after the other

          &nbs= p;       =20 http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG

-The problem with your = question=20 is that the rise between each successive base is not at least 25%, = which would=20 allow you to "count bases" in a traditional sense. That means that = it's=20 unlikely that this would be considered a first stage base. = Intuitively, it=20 doesn't make sense that it would be, either.

 

Now, I was stuck, = because the=20 advance doesn't fit the mold. So how in the world to count bases? WON = says=20 that if it doesn't rise at least 25%, you don't add to the count. = But.... I'm=20 still not sure how you would treat something like this in that = context. In my=20 mind, if a stock is rising/basing/rising/basing/etc., *especially* in = a Bear=20 Market, then there's something going for it. So, to answer your = question=20 specifically, I called in the big guns and asked Tim Truebenbach of=20 TradingMarkets.com.

 

Here is his reply in = answer to=20 the specific question, "If the rise between bases is <25%, how do = you count=20 it?"

His answer: "If the = rise is less=20 than 25% and the stock forms a new qualifying base (7 weeks or longer) = then I=20 would not count the previous base in the base count." [KM Note: a flat = base=20 only needs to be >=3D5wks]

 

But, interestingly, he = added this=20 additional comment: "I don't put much weight into base counts during a = Bear=20 Market, because a stock that would normally push higher in an orderly = fashion=20 gets very choppy. At this point, just look at the most recent base of = a stock=20 and assess it from there."

 

Well, there you go... a = fresh=20 point of view and something new learned as a result!

 

In our conversation, = another very=20 interesting point came up. That is, though I am a fiend about reading = market=20 history, my own personal active trading experience is entirely in the = '90's.=20 That means that I have mental models of chart patterns formed = accordingly. Tim=20 suggested that it would be a great exercise to go back and re-review = chart=20 models *prior* to the '90's in HTMMIS and in the CANSLIM/IBD Advanced = Seminar=20 notebook (for those who have attended). A great idea and something = I'll be=20 adding to my to-do list.

 
So...back to XRAY. Because XRAY hasn't formed a series of bases = separated=20 by a rise of 25%, you don't reset the base count. See my annotations = at: http://WallStr= eet-LLC.com/canslim/XRAY081402.jpg.
 
That leaves us with looking at the most current base, a V-shaped = cup with=20 no valid handle yet in my mind. (Certainly open to interpretation, so = fire=20 away!). See it at: http://WallS= treet-LLC.com/canslim/XRAY(2)081402.jpg
 
Katherine
 
PS...Thanks for your question Jeffrey.... a real gold mine of = learning=20 for me personally.
 
 
----- Original Message -----
From:=20 Gasta, Jeffrey
Sent: Thursday, August 08, = 2002 2:58=20 PM
Subject: RE: [CANSLIM] = Current Case=20 Study - XRAY

Hello, another neophyte here.  If the most recent = pattern for=20 XRAY is a valid CWH, then what stage base is it?  I think I see = a flat=20 base running from about Feb. 02 until late May.  This most = recent=20 pattern undercuts the previous pattern.  So maybe this is a 1st = stage=20 base?  Thanks, jg
-----Original Message-----
From: Mike Gibbons=20 [mailto:mike@proactech.com]
Sent: Thursday, August 08, = 2002 3:27=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Current Case Study - XRAY

In view of the interest in current = cases rather=20 than 20-20 hindsight,  and discussions = to aid the=20 learning process,  I offer XRAY as an = example,=20 which broke out today from a CwH pattern with short=20 handle
 
Firstly, let me add the disclaimer that = I'm a=20 programmer who was introduced to CANSLIM as a development project, = and I'm=20 1 year into the 3 yr learning curve, so further comment by the = "experts"=20 is welcomed to improve my own understanding.
 
Firstly the fundamentals which are very strong, = with the=20 exception that Institutional Ownership is already quite high. = There are=20 differing views on what the level should be, but somewhere less = than 30%=20 would be better. Additional DD would be required to = determine why=20 pre-tax profit margins are decreasing and if that is = cause for=20 concern. (This information is drawn from yahoo/multex not=20 IBD)  
 
C
Current = Earnings
Earnings per share growth = of at least=20 25% in the most recent quarter

Most recent quarter year on = year growth.=20 (Published financial data).

 35.00 % =
Latest three quarters of = sales growth=20 should be a minimum of 25%
Average year on year growth = for last 3=20 quarters. (Published financial data).
 51.00 % =
Sales growth should be = accelerating.=20
Difference in year on year = growth rates=20 over last 3 quarters. (Published financial data). =
23.00 =
A
Strong Annual Earnings=20 Growth
Annual earnings growth for = the last=20 three years of 25% or greater
3 year compound EPS growth = rate.=20 (Published financial data).
 53.00 % =
Return on equity should be = at least=20 17%
Published financial=20 data.
 21.00 = %
Pretax profit margins = should be=20 increasing
Profit Margin for most = recent quarter=20 minus profit margin 1 year ago. (Published financial=20 data).
 -1.00 =
N
New Products, Services or=20 Leadership
If a company has a dynamic = new product=20 or service, or is capitalizing on new conditions in the = economy,=20 this can have a dramatic impact on the price of a stock. Buy = stocks=20 just as they emerge from a sound "base" pattern and make new = price=20 highs.
Not = Known  
S
Supply and Demand =
Watch the demand for shares = by looking=20 at the percentage change in volume for each of your stocks. = Analyze=20 a stock's daily and weekly price and volume changes.=20
The up/down volume ratio = measures the=20 ratio of accumulation days to distribution days over the = last 50=20 days.
 0.90 =
L
Leading Stocks in Leading = Industry=20 Groups
Nearly 50% of a stock's = price action is=20 a result of its industry group's performance. Focus on the = top=20 industry groups, and within those groups select stocks with = the best=20 price performance.
Multex Industry Rank ( 0 - = 99 )
(26=20 week relative performance).
 90 =

Multex Rank within Industry ( = 0 - 99 ).=20 Provided for informational purposes only.
(4 week = relative=20 performance)

 22 =
The stock's Relative Price = Strength=20 Rating should be in the 80s or 90s
We calculate RS daily by = ranking all=20 NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described=20 here. It correlates well with = IBD's. Value.=20 Score pro-rated in range 60-79.
 83 =
I
Institutional=20 Sponsorship
You want at least a few of = the better=20 performing mutual funds owning the stock. They're the ones = who will=20 drive the stock up on a sustained basis.
Institutional Ownership. = Value in range=20 5 - 30% needed to score 1.
 79.00 % =
No. of Institutions. = Provided for=20 informational purposes only.
 568 =
M
Market Direction =
You can buy the best = stocks, but if the=20 general market is weak, most likely your stocks will be weak = also.
Because Market Direction is = not=20 specific to any one particular stock, we do not evaluate it = on a per=20 stock basis.
  
 
Look at the chart below. Note that the = handle is=20 only 3 days long. This is normally insufficient to have shaken out = the=20 potential sellers and WON recommends that a handle should be at = least 1-2=20 weeks long, otherwise a breakout is prone to failure. Also the = volume in=20 the handle has not dried up. This is often the case in the early = days of=20 handle formation and we would like to see the volume decrease = below the=20 ADV and the price wedge downwards as the handle=20 progresses.
 
Look at the volume coming up the = right side of=20 the cup - consistently above the 50 ADV accompanied by big price = positive=20 price movements, with only two days when the stock closed slightly = down.=20 It would have been better if the volume had been below the ADV on = those=20 days, in which case the stock would have earned a higher CQ (Chart = Quality) score.

 Note the=20 RS line. This is quite high at 83, but has advanced only=20 slightly over the last few days despite=20 significant price gains in this stock. This indicates that other=20 stocks are doing at least as=20 well.
 
The 50 = day up/down=20 volume is at 0.90. Values less than 1 mean that the down volume = days=20 exceed the up volume days. However, the trend of the line is = upwards,=20 which is a positive sign.
 
 I'll go out on a limb and = say my=20 guess is that todays breakout will not be sustained (although its holding now -=20 just) and it will continue to form a handle.=20
 
I conclude that this is = one to watch=20 but not to buy right=20 = now.
=
 
3D""
 
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
------=_NextPart_000_0023_01C2436F.F73E95E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Bill Lanius Subject: RE: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 15:00:45 -0400 Victor, You asked about using Quotes Plus to screen for CANSLIM stocks. At the site below, you should be able to download a QP scan written to accomplish this. Go to the scan index on the left side and choose "CANSLIM". There will be instructions for downloading into the QP scan program. If you have problems, contact me off-line, and I'll try to get you set up. I have no first hand experience using the scan--can't give any guidance on its effectiveness but you may want to try it and as you say, "tweak it" for your own preferences. http://www.geocities.com/WallStreet/Exchange/1216/index.html Bill. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Lin Wells" Subject: RE: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 14:52:10 -0500 How funny!. I just tried this web site and I am informed that this web site has exceeded its alloted data transfer and that access will be restored in an hour. I guess many people are looking for a good canslim screen. Regards, -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Bill Lanius Sent: Wednesday, August 14, 2002 2:01 PM Victor, You asked about using Quotes Plus to screen for CANSLIM stocks. At the site below, you should be able to download a QP scan written to accomplish this. Go to the scan index on the left side and choose "CANSLIM". There will be instructions for downloading into the QP scan program. If you have problems, contact me off-line, and I'll try to get you set up. I have no first hand experience using the scan--can't give any guidance on its effectiveness but you may want to try it and as you say, "tweak it" for your own preferences. http://www.geocities.com/WallStreet/Exchange/1216/index.html Bill. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA) Date: 14 Aug 2002 13:05:15 -0700 ------=_NextPart_001_0000_01C24393.3B154B60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Just an off note. I read an article today saying Warren Buffet out perfor= med the Dow 190,000% since 1965. It also said 2001 was his first and only= down year. Guess we are all in the same boat. Nancy =20 ----- Original Message ----- Sent: Wednesday, August 14, 2002 10:42 AM =20 Who needs the Oracle of Omaha, when you have Katherine the Market Mentor?= =20 Excellent essay on technical and fundamental investing Katherine. =20 Charley =20 ------=_NextPart_001_0000_01C24393.3B154B60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Just an off no= te. I read an article today saying Warren Buffet out performed the Dow 19= 0,000% since 1965. It also said 2001 was his first and only down yea= r.  Guess we are all in the same boat. Nancy
 
=
----- Original Message -----
From: Chazmoore@aol.= com
Sent: Wednesday, August = 14, 2002 10:42 AM
To: cansli= m@lists.xmission.com
Subject: Re: [CANSLIM] Re:Technicals vs Fundamentals (was: NVDA)
&nbs= p;
Who needs the Oracle = of Omaha, when you have Katherine the Market Mentor?

Excellent es= say on technical and fundamental investing Katherine.
Charley =
------=_NextPart_001_0000_01C24393.3B154B60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 13:10:03 -0700 ------=_NextPart_001_0001_01C24393.E6D3F820 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Warren-have you used TC 2000? Do you like VV better ? Nancy =20 ----- Original Message ----- Sent: Wednesday, August 14, 2002 10:40 AM =20 I was never able to get QP2 and HGSI to work reliably on my Windows 98 ma= chine. It crashed regularly and required a reinstall each time. Tech support tri= ed to help but was unable to find my problem. I ended up going with Vector Vest= and have never regretted it. In fairness, I should point out that I seem to be the only person who has reported this kind of problem with QP2. Warren vchang@win-invest.com wrote: > I am sure this is the sort of question that has come up before, but ple= ase > bear with me, I tried the search function for the archived discussion a= t > http://www.xmission.com/~mcjathan/canslim/search.html but the search fo= rm > does not seem to work for me. > > Having read WON's book and followed this list for a while, I am very so= ld on > the CANSLIM approach and to learn how to invest in this syle. I have = been > looking for a source of data to support using the CANSLIM approach in > investing. I know from reading this list about the various web sites > include investors.com and Daily Graphs which provide processed and anal= ysed > data in the form of rankings and charts. I am more interested in getti= ng to > a rawer form of data where I can apply my own models and tweek them. I= am > sure there are others on this list that share this interest. I am also > located outside the USA which means that I have no access to IBD as a > newspaper, although I do read what I can on their excellent web site. > > For years I have subscribed to Reuters Datalink for end of day stocks a= nd > commodities price and volume data and putting it into Metastock for > technical analysis and to use AAII Investor Pro for fundamental company= data > and analysis. However, it is not easy to integrate the two into a comb= ined > approach such as that typified by CANSLIM. So I have been looking arou= nd > for a better source. > > Just recently I found a data source called Quote Plus 2 at www. qp2.com= and > signed up for their free trial. What attracted me was the screening > software which allows screening by both fundamental and technical crite= ria > and the fact that the data covers both end of day price and volume as w= ell > as fundamentals. It struck me that this data source appears ideal for = the > CANSLIM approach. Cost wise a single subscription to QP2 is much less = than > a Datalink subscription PLUS a Investor Pro subscription. > > Before I switch over completely, I just wonder if anyone on this list h= as > any experience with using Qutoe Plus for the CANSLIM approach and if th= is > has come up as a discussion topic. > > Rgds > > Victor Chang > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0001_01C24393.E6D3F820 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Warren-have yo= u used TC 2000?  Do you like VV better ?  Nancy
=
 
----- Original Message ----- From:<= /B> Warren Keuffel
Sent: Wed= nesday, August 14, 2002 10:40 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing
 
I was never able to get QP2 and HGSI to work reliab= ly on my Windows 98 machine.
It crashed regularly and required a reins= tall each time. Tech support tried to
help but was unable to find my p= roblem. I ended up going with Vector Vest and
have never regretted it.=

In fairness, I should point out that I seem to be the only person= who has
reported this kind of problem with QP2.

Warren

= vchang@win-invest.com wrote:

> I am sure this is the sort of qu= estion that has come up before, but please
> bear with me, I tried = the search function for the archived discussion at
> http://www.xmi= ssion.com/~mcjathan/canslim/search.html but the search form
> does = not seem to work for me.
>
> Having read WON's book and follo= wed this list for a while, I am very sold on
> the CANSLIM approach= and to learn how to invest in this syle.   I have been
>= looking for a source of data to support using the CANSLIM approach in> investing.  I know from reading this list about the various we= b sites
> include investors.com and Daily Graphs which provide proc= essed and analysed
> data in the form of rankings and charts. = I am more interested in getting to
> a rawer form of data where I = can apply my own models and tweek them.  I am
> sure there are= others on this list that share this interest.  I am also
> lo= cated outside the USA which means that I have no access to IBD as a
&g= t; newspaper, although I do read what I can on their excellent web site.<= BR>>
> For years I have subscribed to Reuters Datalink for end o= f day stocks and
> commodities price and volume data and putting it= into Metastock for
> technical analysis and to use AAII Investor P= ro for fundamental company data
> and analysis.  However, it i= s not easy to integrate the two into a combined
> approach such as = that typified by CANSLIM.  So I have been looking around
> for= a better source.
>
> Just recently I found a data source cal= led Quote Plus 2 at www. qp2.com and
> signed up for their free tri= al.  What attracted me was the screening
> software which allo= ws screening by both fundamental and technical criteria
> and the f= act that the data covers both end of day price and volume as well
>= as fundamentals.  It struck me that this data source appears ideal = for the
> CANSLIM approach.  Cost wise a single subscription t= o QP2 is much less than
> a Datalink subscription PLUS a Investor P= ro subscription.
>
> Before I switch over completely, I just = wonder if anyone on this list has
> any experience with using Qutoe= Plus for the CANSLIM approach and if this
> has come up as a discu= ssion topic.
>
> Rgds
>
> Victor Chang
>> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"=
> -In the email body, write "subscribe canslim" or
> -"unsub= scribe canslim".  Do not use quotes in your email.


-
-= To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email= body, write "subscribe canslim" or
-"unsubscribe canslim".  Do n= ot use quotes in your email.
------=_NextPart_001_0001_01C24393.E6D3F820-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 18:27:05 +0100 Jon, Thanks for your feedback. I think you are quite right in saying that no auto scan is likely to come up with CANSLIM and ONLY CANSLIM stocks, as far as I can see, some of the criteria according to WON is open to interpretation anyway and IBD often provide analysis that is 20/20 hindsight, valuable but nonetheless hindsight, I think the important thing to do if you take this Do It Yourself (DIY) approach is to do your own refinements hands on so that you get a feel for the data and market action, so people are good at charts and visual presentation, others are more comfortable with quantifying things and formulae. The means differ but we are all aiming at the same ends. You said in your message that: Be aware however that both their RS and EPS rankings are different from IBD's so I use both sources.... In what way are they different? For example, would a list of stocks ranking over 90% in both RS and EPS be very different between QP2 and IBD? Rgds Victor Chang - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 16:56:48 -0400 Victor, It varies... They use a slightly different formula to calculate RS (perhaps more front or back end weighted than IBD's, so most of the time the figures are similar, but sometimes I've seen a difference of as much as 40 points!) For EPS ratings, they probably have different earnings sources, so again the same thing applies. Despite this, there is usually a pretty big overlap in the over 90/90 list you mention below... Jon > > You said in your message that: > > > Be aware however that both their RS and EPS > rankings are different from IBD's so I use both sources.... > > > In what way are they different? > > For example, would a list of stocks ranking over 90% in both RS and EPS be > very different between QP2 and IBD? > > Rgds > > Victor Chang > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 15:33:21 -0600 I have not used TC 2000. I was recently at their web site trying to figure out what they offer that VV (and DGO) doesn't. I am looking for a TA package that will complement VV and hopefully use VV data so I don't have to pay for two data feeds (three, if you count DGO, which I plan to get eventually.) I may just stick with VV's Pro Trader and Big Charts. What's your take on TC 2000? Warren NANCY POLCARO wrote: > Warren-have you used TC 2000? Do you like VV better ? Nancy > > ----- Original Message ----- > From: Warren Keuffel > Sent: Wednesday, August 14, 2002 10:40 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style > investing > I was never able to get QP2 and HGSI to work reliably on my > Windows 98 machine. > It crashed regularly and required a reinstall each time. > Tech support tried to > help but was unable to find my problem. I ended up going > with Vector Vest and > have never regretted it. > > In fairness, I should point out that I seem to be the only > person who has > reported this kind of problem with QP2. > > Warren > > vchang@win-invest.com wrote: > > > I am sure this is the sort of question that has come up > before, but please > > bear with me, I tried the search function for the archived > discussion at > > http://www.xmission.com/~mcjathan/canslim/search.html but > the search form > > does not seem to work for me. > > > > Having read WON's book and followed this list for a while, > I am very sold on > > the CANSLIM approach and to learn how to invest in this > syle. I have been > > looking for a source of data to support using the CANSLIM > approach in > > investing. I know from reading this list about the > various web sites > > include investors.com and Daily Graphs which provide > processed and analysed > > data in the form of rankings and charts. I am more > interested in getting to > > a rawer form of data where I can apply my own models and > tweek them. I am > > sure there are others on this list that share this > interest. I am also > > located outside the USA which means that I have no access > to IBD as a > > newspaper, although I do read what I can on their > excellent web site. > > > > For years I have subscribed to Reuters Datalink for end of > day stocks and > > commodities price and volume data and putting it into > Metastock for > > technical analysis and to use AAII Investor Pro for > fundamental company data > > and analysis. However, it is not easy to integrate the > two into a combined > > approach such as that typified by CANSLIM. So I have been > looking around > > for a better source. > > > > Just recently I found a data source called Quote Plus 2 at > www. qp2.com and > > signed up for their free trial. What attracted me was the > screening > > software which allows screening by both fundamental and > technical criteria > > and the fact that the data covers both end of day price > and volume as well > > as fundamentals. It struck me that this data source > appears ideal for the > > CANSLIM approach. Cost wise a single subscription to QP2 > is much less than > > a Datalink subscription PLUS a Investor Pro subscription. > > > > Before I switch over completely, I just wonder if anyone > on this list has > > any experience with using Qutoe Plus for the CANSLIM > approach and if this > > has come up as a discussion topic. > > > > Rgds > > > > Victor Chang > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Cup formations Date: 14 Aug 2002 14:39:13 -0700 ------=_NextPart_001_0003_01C243A0.5BFB0100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable thanks charley-I'll follow these daily. Nancy =20 =20 ----- Original Message ----- Sent: Wednesday, August 14, 2002 6:30 AM =20 That selloff in July has had the effect of setting "cup" bottoms for seve= ral stocks that were at new highs prior to that date. If you would like t= o test your chart reading skills you may want to follow along with the de= velopment of the right side of the cup, and then with a little luck, a ha= ndle or two. Watch for the movement of the price line as well as the dail= y volume. Here are three companies with fairly good fundamentals that app= ear to be forming cups. PDCO, HSIC, and PETM. There must be several more.= =20 I am not suggesting these are "buy" candidates. This is no time to be buy= ing. =20 Charley =20 ------=_NextPart_001_0003_01C243A0.5BFB0100 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
thanks charley= -I'll follow these  daily.  Nancy 
 
=
----- Original Message -----
From: Chazmoore@aol.= com
Sent: Wednesday, August = 14, 2002 6:30 AM
To: canslim= @lists.xmission.com
Subject:= [CANSLIM] Cup formations
 
That selloff in July has had the effect of setting "c= up" bottoms for several stocks that were at new highs prior to that date.= If you would like to test your chart reading skills you may want to foll= ow along with the development of the right side of the cup, and then with= a little luck, a handle or two. Watch for the movement of the price line= as well as the daily volume. Here are three companies with fairly good f= undamentals that appear to be forming cups. PDCO, HSIC, and PETM. There m= ust be several more.

I am not suggesting these are "buy" candidat= es. This is no time to be buying.

Charley
------=_NextPart_001_0003_01C243A0.5BFB0100-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 15:04:19 -0700 ------=_NextPart_001_0005_01C243A3.DDA985C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable It's hard for me to compare since I don't know the other. I thought it = offered a lot of info as well as the Worden brothers(created it) write no= tes daily that point out specific charts-patterns-action in stocks, graph= reading etc. I used it about a year and a half ago and it was more info= then I was ready to handle at the time. Maybe now too. They have a ver= y short training class(3-4 hours) They just had a special training class = in San Diego to teach people how to write their own specific scans. Ran = about 200.00. My thought was to write specific scans for Canslim but coul= dn't figure out how to program it. They use to have a free trial. If yo= ur use to doing that type of thing you would probably pick it up easily a= nd quickly. If you try it, please let me know what you think of it. Tha= nks Nancy p.s. I would get it again if I knew someone who could help me= with the programming.(the class in San Diego is the first one I heard ab= out and I had already stopped using it.) =20 ----- Original Message ----- Sent: Wednesday, August 14, 2002 2:37 PM =20 I have not used TC 2000. I was recently at their web site trying to figure out what they offer that VV (and DGO) doesn't. I am looking for a TA package that will complement VV and hopefully use VV data so I don't have to pay for two data feeds (three, if you count DGO, which I plan to get eventually.) I may just stick with VV's Pro Trader and Big Charts. What's your take on TC 2000? Warren NANCY POLCARO wrote: > Warren-have you used TC 2000? Do you like VV better ? Nancy > > ----- Original Message ----- > From: Warren Keuffel > Sent: Wednesday, August 14, 2002 10:40 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style > investing > I was never able to get QP2 and HGSI to work reliably on my > Windows 98 machine. > It crashed regularly and required a reinstall each time. > Tech support tried to > help but was unable to find my problem. I ended up going > with Vector Vest and > have never regretted it. > > In fairness, I should point out that I seem to be the only > person who has > reported this kind of problem with QP2. > > Warren > > vchang@win-invest.com wrote: > > > I am sure this is the sort of question that has come up > before, but please > > bear with me, I tried the search function for the archived > discussion at > > http://www.xmission.com/~mcjathan/canslim/search.html but > the search form > > does not seem to work for me. > > > > Having read WON's book and followed this list for a while, > I am very sold on > > the CANSLIM approach and to learn how to invest in this > syle. I have been > > looking for a source of data to support using the CANSLIM > approach in > > investing. I know from reading this list about the > various web sites > > include investors.com and Daily Graphs which provide > processed and analysed > > data in the form of rankings and charts. I am more > interested in getting to > > a rawer form of data where I can apply my own models and > tweek them. I am > > sure there are others on this list that share this > interest. I am also > > located outside the USA which means that I have no access > to IBD as a > > newspaper, although I do read what I can on their > excellent web site. > > > > For years I have subscribed to Reuters Datalink for end of > day stocks and > > commodities price and volume data and putting it into > Metastock for > > technical analysis and to use AAII Investor Pro for > fundamental company data > > and analysis. However, it is not easy to integrate the > two into a combined > > approach such as that typified by CANSLIM. So I have been > looking around > > for a better source. > > > > Just recently I found a data source called Quote Plus 2 at > www. qp2.com and > > signed up for their free trial. What attracted me was the > screening > > software which allows screening by both fundamental and > technical criteria > > and the fact that the data covers both end of day price > and volume as well > > as fundamentals. It struck me that this data source > appears ideal for the > > CANSLIM approach. Cost wise a single subscription to QP2 > is much less than > > a Datalink subscription PLUS a Investor Pro subscription. > > > > Before I switch over completely, I just wonder if anyone > on this list has > > any experience with using Qutoe Plus for the CANSLIM > approach and if this > > has come up as a discussion topic. > > > > Rgds > > > > Victor Chang > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0005_01C243A3.DDA985C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
It's hard for = me to compare since I don't know the other.   I thought it= offered a lot of info as well as the Worden brothers(created it) write n= otes daily that point out specific charts-patterns-action in stocks, grap= h reading etc.  I used it about a year and a half ago and it was mor= e info then I was ready to handle at the time.  Maybe now too. = They have a very short training class(3-4 hours) They just had a special= training class in San Diego to teach people how to write their= own specific scans.  Ran about 200.00. My thought was to write spec= ific scans for Canslim but couldn't figure out how to program it.&nb= sp; They use to have a free trial.  If your use to doing that type o= f thing you would probably pick it up easily and quickly.  If you tr= y it, please let me know what you think of it.  Thanks Nancy &n= bsp; p.s. I would get it again if I knew someone who could help me w= ith the programming.(the class in San Diego is the first one I heard abou= t and I had already stopped using it.)
 
----- Original Message -----
From: Warren Keuffel
Sent: Wednesday, August 14, 2002 2:37 = PM
To: canslim@lists.xmissio= n.com
Subject: Re: [CANSLIM]= Quote Plus 2 and CANSLIM style investing
 
I have n= ot used TC 2000. I was recently at their web site trying to
figure out= what they offer that VV (and DGO) doesn't. I am looking for a
TA pack= age that will complement VV and hopefully use VV data so I don't
have = to pay for two data feeds (three, if you count DGO, which I plan to
ge= t eventually.) I may just stick with VV's Pro Trader and Big Charts.
<= BR>What's your take on TC 2000?

Warren

NANCY POLCARO wrote:=

> Warren-have you used TC 2000?  Do you like VV better ?&= nbsp; Nancy
>
>      ----- Original = Message -----
>      From: Warren Keuffel<= BR>>      Sent: Wednesday, August 14, 2002 10= :40 AM
>      To: canslim@lists.xmission.c= om
>      Subject: Re: [CANSLIM] Quote Plu= s 2 and CANSLIM style
>      investing
= >       I was never able to get QP2 and = HGSI to work reliably on my
>      Windows= 98 machine.
>      It crashed regularly a= nd required a reinstall each time.
>      = Tech support tried to
>      help but was = unable to find my problem. I ended up going
>   &nbs= p;  with Vector Vest and
>      have = never regretted it.
>
>      In fair= ness, I should point out that I seem to be the only
>  &n= bsp;   person who has
>      rep= orted this kind of problem with QP2.
>
>   &nb= sp;  Warren
>
>      vchang@win= -invest.com wrote:
>
>      > I a= m sure this is the sort of question that has come up
>  &= nbsp;   before, but please
>     = ; > bear with me, I tried the search function for the archived
>=       discussion at
>   &nb= sp;  > http://www.xmission.com/~mcjathan/canslim/search.html but<= BR>>      the search form
>  =     > does not seem to work for me.
>  =     >
>      > Having= read WON's book and followed this list for a while,
>  &= nbsp;   I am very sold on
>     = > the CANSLIM approach and to learn how to invest in this
>&nbs= p;     syle.   I have been
> &nb= sp;    > looking for a source of data to support using = the CANSLIM
>      approach in
>&nbs= p;     > investing.  I know from reading this= list about the
>      various web sites>      > include investors.com and Daily= Graphs which provide
>      processed and= analysed
>      > data in the form of = rankings and charts.  I am more
>     = ; interested in getting to
>      > a r= awer form of data where I can apply my own models and
>  =     tweek them.  I am
>    =   > sure there are others on this list that share this
>&nb= sp;     interest.  I am also
>  =     > located outside the USA which means that I have n= o access
>      to IBD as a
> &= nbsp;    > newspaper, although I do read what I can on = their
>      excellent web site.
>&n= bsp;     >
>      &= gt; For years I have subscribed to Reuters Datalink for end of
>&nb= sp;     day stocks and
>    = ;  > commodities price and volume data and putting it into
>= ;      Metastock for
>   &n= bsp;  > technical analysis and to use AAII Investor Pro for
&g= t;      fundamental company data
> &n= bsp;    > and analysis.  However, it is not easy t= o integrate the
>      two into a combined=
>      > approach such as that typifie= d by CANSLIM.  So I have been
>      = looking around
>      > for a better so= urce.
>      >
>   = ;   > Just recently I found a data source called Quote Plus = 2 at
>      www. qp2.com and
> =      > signed up for their free trial.  What = attracted me was the
>      screening
&= gt;      > software which allows screening by= both fundamental and
>      technical cri= teria
>      > and the fact that the da= ta covers both end of day price
>      and= volume as well
>      > as fundamental= s.  It struck me that this data source
>   &nbs= p;  appears ideal for the
>      >= CANSLIM approach.  Cost wise a single subscription to QP2
>&n= bsp;     is much less than
>   &= nbsp;  > a Datalink subscription PLUS a Investor Pro subscription= .
>      >
>   &nb= sp;  > Before I switch over completely, I just wonder if anyone>      on this list has
>  =     > any experience with using Qutoe Plus for the CANS= LIM
>      approach and if this
>&nb= sp;     > has come up as a discussion topic.
&g= t;      >
>    &nbs= p; > Rgds
>      >
> &nbs= p;    > Victor Chang
>    &nb= sp; >
>      > -
>  =     > -To subscribe/unsubscribe, email "majordomo@xmiss= ion.com"
>      > -In the email body, w= rite "subscribe canslim" or
>      > -"= unsubscribe canslim".  Do not use quotes in your email.
>
&= gt;
>      -
>   &nbs= p;  -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;      -In the email body, write "subscribe cans= lim" or
>      -"unsubscribe canslim".&nbs= p; Do not use quotes in your email.
>


-
-To subscribe= /unsubscribe, email "majordomo@xmission.com"
-In the email body, write= "subscribe canslim" or
-"unsubscribe canslim".  Do not use quote= s in your email.
------=_NextPart_001_0005_01C243A3.DDA985C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 09:50:22 -0700 Hi Victor, I used QP2 for a couple years till mid 2000. I found the charting was very nice in that it worked offline which made it faster than any online service available ( I still use dial-up at home). I found their support was good also. Back then, I wasn't very good at setting up the screening tools for canslim. I think I stand a better chance now of setting it up a bit better. As the market picks up, I will probably re-subscribe to the service. -Bill ----- Original Message ----- Sent: Wednesday, August 14, 2002 8:09 AM > I am sure this is the sort of question that has come up before, but please > bear with me, I tried the search function for the archived discussion at > http://www.xmission.com/~mcjathan/canslim/search.html but the search form > does not seem to work for me. > > Having read WON's book and followed this list for a while, I am very sold on > the CANSLIM approach and to learn how to invest in this syle. I have been > looking for a source of data to support using the CANSLIM approach in > investing. I know from reading this list about the various web sites > include investors.com and Daily Graphs which provide processed and analysed > data in the form of rankings and charts. I am more interested in getting to > a rawer form of data where I can apply my own models and tweek them. I am > sure there are others on this list that share this interest. I am also > located outside the USA which means that I have no access to IBD as a > newspaper, although I do read what I can on their excellent web site. > > For years I have subscribed to Reuters Datalink for end of day stocks and > commodities price and volume data and putting it into Metastock for > technical analysis and to use AAII Investor Pro for fundamental company data > and analysis. However, it is not easy to integrate the two into a combined > approach such as that typified by CANSLIM. So I have been looking around > for a better source. > > Just recently I found a data source called Quote Plus 2 at www. qp2.com and > signed up for their free trial. What attracted me was the screening > software which allows screening by both fundamental and technical criteria > and the fact that the data covers both end of day price and volume as well > as fundamentals. It struck me that this data source appears ideal for the > CANSLIM approach. Cost wise a single subscription to QP2 is much less than > a Datalink subscription PLUS a Investor Pro subscription. > > Before I switch over completely, I just wonder if anyone on this list has > any experience with using Qutoe Plus for the CANSLIM approach and if this > has come up as a discussion topic. > > Rgds > > Victor Chang > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Mandatory CEO/CFO certifications deadline Date: 15 Aug 2002 00:12:02 -0400 The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for interesting reading tonight, for what is not there. While there are about 200 companies whose fiscal year means they did not have to report by this evening, the website still shows (updated at 10 PM) a lot of big names that were expected to report by now, and haven't. I am not even thru the "A"s yet, and already see Abbot Labs and AOL, among others. A lot of energy companies still haven't reported, probably the next industry sector to get racked by scandals, restatements, etc. (like it hasn't already, but could get worse). Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar (in the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola (also in the DOW). General Dynamics pops up in the "G"s, and has good company with GM (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have the stomach to keep reading. Knew I should have stopped, IBM pops up in the "I"s (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally round out the list. I just hope a lot of these "blue chip", reputable companies just filed too late to have it show on the site, but a 10 PM update seems late enough to pick up anyone filing by the 5:30 deadline. Any hope the SEC got their deadlines wrong? Maybe they "just forgot"?? If the non-filers are punished tomorrow for not filing, it looks to be pretty bloody. Anyone trying to understand an otherwise inexplicable drop tomorrow in a particular stock may want to check on the filing status. I found that right clicking on the list allowed me to export it to Excel, where I could sort on the deadline and next columns, and find the non filers quite easily for review. In all, 238 companies (including, of course the "no surprise" no shows like Enron and Conseco and Worldcom and Qwest and US Airways) that were expected to file by today still do not show on the SEC list. Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Mandatory CEO/CFO certifications deadline Date: 14 Aug 2002 23:19:31 -0500 Hi Tom, Not sure where the discrepancies coming from, but Briefing.com was tracking the progress on this all day. Here is the day's final report: 20:19 ET The final 6 We count only 6 companies that did not appear to make the deadline for certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, SON, and ALK were removed from this list). We would caution against overreacting to this list, as it is possible that certifications did arrive at the SEC but did not get filed at this time, or that the companies might have asked for a 5 day extension. Note that they were counting only non-bankrupt companies. Katherine ----- Original Message ----- Sent: Wednesday, August 14, 2002 11:12 PM | The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for | interesting reading tonight, for what is not there. While there are about | 200 companies whose fiscal year means they did not have to report by this | evening, the website still shows (updated at 10 PM) a lot of big names that | were expected to report by now, and haven't. I am not even thru the "A"s | yet, and already see Abbot Labs and AOL, among others. | | A lot of energy companies still haven't reported, probably the next industry | sector to get racked by scandals, restatements, etc. (like it hasn't | already, but could get worse). | | Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar (in | the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola (also in | the DOW). General Dynamics pops up in the "G"s, and has good company with GM | (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have the | stomach to keep reading. Knew I should have stopped, IBM pops up in the "I"s | (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally round | out the list. | | I just hope a lot of these "blue chip", reputable companies just filed too | late to have it show on the site, but a 10 PM update seems late enough to | pick up anyone filing by the 5:30 deadline. Any hope the SEC got their | deadlines wrong? Maybe they "just forgot"?? If the non-filers are punished | tomorrow for not filing, it looks to be pretty bloody. Anyone trying to | understand an otherwise inexplicable drop tomorrow in a particular stock may | want to check on the filing status. I found that right clicking on the list | allowed me to export it to Excel, where I could sort on the deadline and | next columns, and find the non filers quite easily for review. | | In all, 238 companies (including, of course the "no surprise" no shows like | Enron and Conseco and Worldcom and Qwest and US Airways) that were expected | to file by today still do not show on the SEC list. | | Tom Worley | stkguru@bellsouth.net | AIM: TexWorley | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Mandatory CEO/CFO certifications deadline Date: 15 Aug 2002 00:23:42 -0400 I must admit I like Briefing.com's report a whole lot better than the SEC's, even if the times are so close. Maybe that magical "5 day extension" explains it. And, of course, not counting the bankrupt companies would also drop the totals a lot!!! ----- Original Message ----- Sent: Thursday, August 15, 2002 12:19 AM Hi Tom, Not sure where the discrepancies coming from, but Briefing.com was tracking the progress on this all day. Here is the day's final report: 20:19 ET The final 6 We count only 6 companies that did not appear to make the deadline for certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, SON, and ALK were removed from this list). We would caution against overreacting to this list, as it is possible that certifications did arrive at the SEC but did not get filed at this time, or that the companies might have asked for a 5 day extension. Note that they were counting only non-bankrupt companies. Katherine ----- Original Message ----- Sent: Wednesday, August 14, 2002 11:12 PM | The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for | interesting reading tonight, for what is not there. While there are about | 200 companies whose fiscal year means they did not have to report by this | evening, the website still shows (updated at 10 PM) a lot of big names that | were expected to report by now, and haven't. I am not even thru the "A"s | yet, and already see Abbot Labs and AOL, among others. | | A lot of energy companies still haven't reported, probably the next industry | sector to get racked by scandals, restatements, etc. (like it hasn't | already, but could get worse). | | Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar (in | the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola (also in | the DOW). General Dynamics pops up in the "G"s, and has good company with GM | (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have the | stomach to keep reading. Knew I should have stopped, IBM pops up in the "I"s | (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally round | out the list. | | I just hope a lot of these "blue chip", reputable companies just filed too | late to have it show on the site, but a 10 PM update seems late enough to | pick up anyone filing by the 5:30 deadline. Any hope the SEC got their | deadlines wrong? Maybe they "just forgot"?? If the non-filers are punished | tomorrow for not filing, it looks to be pretty bloody. Anyone trying to | understand an otherwise inexplicable drop tomorrow in a particular stock may | want to check on the filing status. I found that right clicking on the list | allowed me to export it to Excel, where I could sort on the deadline and | next columns, and find the non filers quite easily for review. | | In all, 238 companies (including, of course the "no surprise" no shows like | Enron and Conseco and Worldcom and Qwest and US Airways) that were expected | to file by today still do not show on the SEC list. | | Tom Worley | stkguru@bellsouth.net | AIM: TexWorley | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: [CANSLIM] CSTR upward wedging handle Date: 14 Aug 2002 21:34:53 -0700 Hay you guys! Get a handle on this one for me. Coinstar (CSTR) turned up as a cup with handle. Does there need to be a downward slant to the bottom lows in the handle to make a better handle? I see that the upper daily prices are slanting downward, but the lower daily prices creates a bit of a wedging pattern, any thought on this? Also I don't really see much of a dry up in volume in the bottom of the ups base. (JC) ----- Original Message ----- Sent: Wednesday, August 14, 2002 9:19 PM > Hi Tom, > > Not sure where the discrepancies coming from, but Briefing.com was tracking > the progress on this all day. Here is the day's final report: > > 20:19 ET The final 6 > We count only 6 companies that did not appear to make the deadline for > certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, SON, > and ALK were removed from this list). We would caution against overreacting > to this list, as it is possible that certifications did arrive at the SEC > but did not get filed at this time, or that the companies might have asked > for a 5 day extension. > > > Note that they were counting only non-bankrupt companies. > > Katherine > > ----- Original Message ----- > From: "Tom Worley" > To: "CANSLIM" > Sent: Wednesday, August 14, 2002 11:12 PM > Subject: [CANSLIM] Mandatory CEO/CFO certifications deadline > > > | The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for > | interesting reading tonight, for what is not there. While there are about > | 200 companies whose fiscal year means they did not have to report by this > | evening, the website still shows (updated at 10 PM) a lot of big names > that > | were expected to report by now, and haven't. I am not even thru the "A"s > | yet, and already see Abbot Labs and AOL, among others. > | > | A lot of energy companies still haven't reported, probably the next > industry > | sector to get racked by scandals, restatements, etc. (like it hasn't > | already, but could get worse). > | > | Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar (in > | the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola (also > in > | the DOW). General Dynamics pops up in the "G"s, and has good company with > GM > | (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have > the > | stomach to keep reading. Knew I should have stopped, IBM pops up in the > "I"s > | (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally > round > | out the list. > | > | I just hope a lot of these "blue chip", reputable companies just filed too > | late to have it show on the site, but a 10 PM update seems late enough to > | pick up anyone filing by the 5:30 deadline. Any hope the SEC got their > | deadlines wrong? Maybe they "just forgot"?? If the non-filers are punished > | tomorrow for not filing, it looks to be pretty bloody. Anyone trying to > | understand an otherwise inexplicable drop tomorrow in a particular stock > may > | want to check on the filing status. I found that right clicking on the > list > | allowed me to export it to Excel, where I could sort on the deadline and > | next columns, and find the non filers quite easily for review. > | > | In all, 238 companies (including, of course the "no surprise" no shows > like > | Enron and Conseco and Worldcom and Qwest and US Airways) that were > expected > | to file by today still do not show on the SEC list. > | > | Tom Worley > | stkguru@bellsouth.net > | AIM: TexWorley > | > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: [CANSLIM] CVH handle Date: 14 Aug 2002 21:42:18 -0700 Coventry Health Care (CVH) has a better looking downward sloping handle, right? Somewhat of a lowered cup volume although not by much or maybe because the stock has so much going for it in the fundies that I'm seeing something that really isn't there and because I'm so excited about getting back into the market I could just *#I@!? Comments? (JC) - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR upward wedging handle Date: 15 Aug 2002 00:54:04 -0400 John, personally I prefer a wedging handle like this to a declining one (which WON prefers). I note it did something similar with the c&h formed from early Sept '01 to early Jan '02. Nice pick, with very nice earnings forecasts ----- Original Message ----- Sent: Thursday, August 15, 2002 12:34 AM Hay you guys! Get a handle on this one for me. Coinstar (CSTR) turned up as a cup with handle. Does there need to be a downward slant to the bottom lows in the handle to make a better handle? I see that the upper daily prices are slanting downward, but the lower daily prices creates a bit of a wedging pattern, any thought on this? Also I don't really see much of a dry up in volume in the bottom of the ups base. (JC) ----- Original Message ----- Sent: Wednesday, August 14, 2002 9:19 PM > Hi Tom, > > Not sure where the discrepancies coming from, but Briefing.com was tracking > the progress on this all day. Here is the day's final report: > > 20:19 ET The final 6 > We count only 6 companies that did not appear to make the deadline for > certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, SON, > and ALK were removed from this list). We would caution against overreacting > to this list, as it is possible that certifications did arrive at the SEC > but did not get filed at this time, or that the companies might have asked > for a 5 day extension. > > > Note that they were counting only non-bankrupt companies. > > Katherine > > ----- Original Message ----- > From: "Tom Worley" > To: "CANSLIM" > Sent: Wednesday, August 14, 2002 11:12 PM > Subject: [CANSLIM] Mandatory CEO/CFO certifications deadline > > > | The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for > | interesting reading tonight, for what is not there. While there are about > | 200 companies whose fiscal year means they did not have to report by this > | evening, the website still shows (updated at 10 PM) a lot of big names > that > | were expected to report by now, and haven't. I am not even thru the "A"s > | yet, and already see Abbot Labs and AOL, among others. > | > | A lot of energy companies still haven't reported, probably the next > industry > | sector to get racked by scandals, restatements, etc. (like it hasn't > | already, but could get worse). > | > | Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar (in > | the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola (also > in > | the DOW). General Dynamics pops up in the "G"s, and has good company with > GM > | (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have > the > | stomach to keep reading. Knew I should have stopped, IBM pops up in the > "I"s > | (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally > round > | out the list. > | > | I just hope a lot of these "blue chip", reputable companies just filed too > | late to have it show on the site, but a 10 PM update seems late enough to > | pick up anyone filing by the 5:30 deadline. Any hope the SEC got their > | deadlines wrong? Maybe they "just forgot"?? If the non-filers are punished > | tomorrow for not filing, it looks to be pretty bloody. Anyone trying to > | understand an otherwise inexplicable drop tomorrow in a particular stock > may > | want to check on the filing status. I found that right clicking on the > list > | allowed me to export it to Excel, where I could sort on the deadline and > | next columns, and find the non filers quite easily for review. > | > | In all, 238 companies (including, of course the "no surprise" no shows > like > | Enron and Conseco and Worldcom and Qwest and US Airways) that were > expected > | to file by today still do not show on the SEC list. > | > | Tom Worley > | stkguru@bellsouth.net > | AIM: TexWorley > | > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH handle Date: 15 Aug 2002 00:57:00 -0400 pattern is too short (one week) to start calling this a handle. you might want to watch it longer, but the cup is too steep and poorly formed, and the chart even on a weekly doesn't grab me ----- Original Message ----- Sent: Thursday, August 15, 2002 12:42 AM Coventry Health Care (CVH) has a better looking downward sloping handle, right? Somewhat of a lowered cup volume although not by much or maybe because the stock has so much going for it in the fundies that I'm seeing something that really isn't there and because I'm so excited about getting back into the market I could just *#I@!? Comments? (JC) - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Subject: Re: [CANSLIM] Quote Plus 2 and CANSLIM style investing Date: 14 Aug 2002 21:36:37 +0100 Thanks Bill. I downloaded and imported it OK, I'll try and figure out what it actually does. Rgds Victor Chang ----- Original Message ----- Sent: Wednesday, August 14, 2002 8:00 PM Victor, You asked about using Quotes Plus to screen for CANSLIM stocks. At the site below, you should be able to download a QP scan written to accomplish this. Go to the scan index on the left side and choose "CANSLIM". There will be instructions for downloading into the QP scan program. If you have problems, contact me off-line, and I'll try to get you set up. I have no first hand experience using the scan--can't give any guidance on its effectiveness but you may want to try it and as you say, "tweak it" for your own preferences. http://www.geocities.com/WallStreet/Exchange/1216/index.html Bill. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] CSTR upward wedging handle Date: 15 Aug 2002 07:13:31 EDT --part1_17d.cbe3ff3.2a8ce6db_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit John: Coinstar has made a nice looking cup and I think the handle looks good. Except for yesterday's action it has been drifting down and to the right according to the script. Volume decreased everyday following completion of the right lip. On August 9th volume fell to 77,000. I don't call this a wedge at all. If it goes screaming past $31.12 today, which I'll bet it will, I would say you found a winner. Charley --part1_17d.cbe3ff3.2a8ce6db_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit John: Coinstar has made a nice looking cup and I think the handle looks good. Except for yesterday's action it has been drifting down and to the right according to the script. Volume decreased everyday following completion of the right lip. On August 9th volume fell to 77,000. I don't call this a wedge at all.
If it goes screaming past $31.12 today, which I'll bet it will, I would say you found a winner.

Charley --part1_17d.cbe3ff3.2a8ce6db_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] CVH handle Date: 15 Aug 2002 07:19:00 EDT --part1_6a.247d7fa1.2a8ce824_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit John: Even though you found a V shaped cup, it has traveled the required 7 to 8 weeks. We just need to watch for the handle to complete forming. I am a little concerned about the Funds owning 35% of the company now. That may inhibit the drive upward when this candle is finally lit. Nevertheless, I think this one has a lot going for it if M doesn't crush it. Charley --part1_6a.247d7fa1.2a8ce824_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit John: Even though you found a V shaped cup, it has traveled the required 7 to 8 weeks. We just need to watch for the handle to complete forming. I am a little concerned about the Funds owning 35% of the company now. That may inhibit the drive upward when this candle is finally lit. Nevertheless, I think this one has a lot going for it if M doesn't crush it.

Charley --part1_6a.247d7fa1.2a8ce824_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] UCBH Date: 15 Aug 2002 08:59:26 -0400 I am trying to do DD, using Yahoo. Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is now at 42.40, which is well within the 2-3% limit that WON advises using (above breakout) in this M. On 8/14, it hit a new 52-wk high (42.73). I was trying to do my due diligence, and came across some puzzling pieces of info: Insiders only own 1%, whereas institutions own 91%. Is that worrisome? Also, they just lost a big fraud lawsuit! Sales growth is down, but less so thatn the rest of the industry. EPS quarterly growth is up 28%; annual 23% (if I am doing this right!). Pretax profit margin is 30%; after tax 18%. ROE is 20%. To me the company looks good, the industry is doing well. How significant is that court case? (I'm going for a walk. Hopefully I won't miss my big chance!) Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: [CANSLIM] Re: Screen of the Day 8/15 Date: 15 Aug 2002 09:23:16 -0400 Canslimmers: Investors Corner today (and either The Big Picture or Investors Corner yesterday)points us toward the leading groups in the leading sectors. Today in Screen of the Day (in Investors.com)leading stocks of leading groups are displayed. Since we've been alluding to the "leaders" I thought my mentioning the Screen Of The Day would be useful. jans - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Mandatory CEO/CFO certifications deadline Date: 15 Aug 2002 08:56:11 -0500 Katherine, I notice you reference Briefing.com quite regularly. Which service of = theirs (Free, Stock, or Professional) do you use, and (let's cut to the = chase) since I'm cheap would the free service be beneficial in your = opinion? Kelly -----Original Message----- Sent: Wednesday, August 14, 2002 11:20 PM Hi Tom, Not sure where the discrepancies coming from, but Briefing.com was = tracking the progress on this all day. Here is the day's final report: 20:19 ET The final 6 We count only 6 companies that did not appear to make the deadline = for certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, = SON, and ALK were removed from this list). We would caution against = overreacting to this list, as it is possible that certifications did arrive at the = SEC but did not get filed at this time, or that the companies might have = asked for a 5 day extension. Note that they were counting only non-bankrupt companies. Katherine ----- Original Message ----- Sent: Wednesday, August 14, 2002 11:12 PM | The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for | interesting reading tonight, for what is not there. While there are = about | 200 companies whose fiscal year means they did not have to report by = this | evening, the website still shows (updated at 10 PM) a lot of big names that | were expected to report by now, and haven't. I am not even thru the = "A"s | yet, and already see Abbot Labs and AOL, among others. | | A lot of energy companies still haven't reported, probably the next industry | sector to get racked by scandals, restatements, etc. (like it hasn't | already, but could get worse). | | Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar = (in | the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola = (also in | the DOW). General Dynamics pops up in the "G"s, and has good company = with GM | (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I = have the | stomach to keep reading. Knew I should have stopped, IBM pops up in = the "I"s | (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally round | out the list. | | I just hope a lot of these "blue chip", reputable companies just filed = too | late to have it show on the site, but a 10 PM update seems late enough = to | pick up anyone filing by the 5:30 deadline. Any hope the SEC got their | deadlines wrong? Maybe they "just forgot"?? If the non-filers are = punished | tomorrow for not filing, it looks to be pretty bloody. Anyone trying = to | understand an otherwise inexplicable drop tomorrow in a particular = stock may | want to check on the filing status. I found that right clicking on the list | allowed me to export it to Excel, where I could sort on the deadline = and | next columns, and find the non filers quite easily for review. | | In all, 238 companies (including, of course the "no surprise" no shows like | Enron and Conseco and Worldcom and Qwest and US Airways) that were expected | to file by today still do not show on the SEC list. | | Tom Worley | stkguru@bellsouth.net | AIM: TexWorley | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 09:58:27 EDT --part1_128.16010186.2a8d0d83_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: I will give you my thoughts to get you started. Fundamentally, the stock looks sound. You say they lost a fraud suit but for the time being the market has not reacted negatively. You didn't say when, but if it wasn't yesterday, I wouldn't put much weight on it. The market tends to respond very quickly to negative news. You didn't state your investment goals, but in my opinion this is not a growth stock. For one thing if institutions own 91% now, there simply isn't enough stock available to new buyers to move the price significantly. That does not mean they cannot enjoy good steady slow growth. The funds own 31%; WON recommends staying below 25%. The real positive for this stock is the Group RS rating, and the Price RS. The negative is the very weak market. Charley --part1_128.16010186.2a8d0d83_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: I will give you my thoughts to get you started.
Fundamentally, the stock looks sound. You say they lost a fraud suit but for the time being the market has not reacted negatively. You didn't say when, but if it wasn't yesterday, I wouldn't put much weight on it. The market tends to respond very quickly to negative news.
You didn't state your investment goals, but in my opinion this is not a growth stock. For one thing if institutions own 91% now, there simply isn't enough stock available to new buyers to move the price significantly. That does not mean they cannot enjoy good steady slow growth. The funds own 31%; WON recommends staying below 25%.
The real positive for this stock is the Group RS rating, and the Price RS.
The negative is the very weak market.

Charley --part1_128.16010186.2a8d0d83_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: Briefing.com (was: Mandatory CEO/CFO certifications deadline) Date: 15 Aug 2002 09:24:23 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_029C_01C2443D.8AFA0490 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Kelly, I use the Stock Analysis package ($9.95/mo, $100/yr) and look at is as a live newspaper. Their coverage and lengthier analysis stories they do each day are always excellent. I also really like their economic summaries. Each day they list which reports are due, then summarize the action. I've included an example from today's report. One test I always make at a new site is to see whether or not I can contact a real person when I have questions or comments. The authors of the articles have never failed to respond to my emails and I find that a testament to the quality of their staff. The pro package includes all of this plus additional coverage on bonds and more, which I don't find necessary. Depending on what you want in your live news, the free version may be more than suffiicient. You can get it via the yahoo page (http://finance.yahoo.com/mo) or at the Briefing.com site itself. Items like the SEC certification updates were on their InPlay postings during the day, so this is available for free. Either way, the best way to assess its value to you would be to take a tour and then take advantage of their free trial. http://www.briefing.com/tour/ Katherine PS I'm sending a copy of this reponse to you directly as well as to the list, just in case the email server chokes on the charts. Highlights a.. July industrial production 0.2%, 76.1% capacity use. Key Factors a.. Seventh month of growth though manufacturing output is showing the effects of weak demand. b.. A strong 4.2% rise in autos left the weak 0.1% rise in manufacturing output. Ex-autos fell -0.3%. c.. Mfg durables (autos) rose 0.5% as nondurables fell -0.5%. d.. Strong July declines in paper, electronics, aerospace, industrial machinery and communications. e.. Vehicle assembly rates jumped 4.4% after 4.5% June gain as incentives drive activity. f.. Utilities provided a surprisingly strong 2.3% lift as mining fell -1.2%. g.. Capacity utilization edged 0.1% higher to 76.1% as manufacturing capacity use held unchanged at a weak 74.4%. h.. Industrial production still largely tied to low inventories as new orders haven't yet provided a strong, sustainable kick. i.. Excess capacity provides a drag on business investment spending but leaves no mfg price pressure. Big Picture a.. Industrial production turned in to the black with the new year after a sharp and steady decline throughout 2001. The manufacturing sector appears to have risen out of the very deep recession as lean inventories provide the current force given the weak rise in business orders. A sustained upturn in production waits for stronger demand for manufactured goods (read business investment). Consumer demand has supported the upturn as business investment remains weak under a slowly recovering profit recession. Weakened global demand for capital goods adds to the lack of domestic capital spending. The result is tremendous manufacturing slack as capacity utilization rises from the lowest rate in 20 years. Excess capacity provides an added drag on business investment but leaves no manufacturing price pressure. Category Jul Jun May Apr Mar Industrial Production Total Index 0.2% 0.7 0.5 0.1 0.3 Manufacturing 0.1 0.6 0.6 0.0 0.4 Utilities 2.3 1.2 -1.0 1.7 1.2 Mining -1.2 1.2 1.3 -0.1 -1.2 Capacity Utilization Total Industry 76.1% 76.0 75.6 75.3 75.2 Manufacturing 74.4 74.4 74.0 73.6 73.7 ----- Original Message ----- Sent: Thursday, August 15, 2002 8:56 AM Katherine, I notice you reference Briefing.com quite regularly. Which service of theirs (Free, Stock, or Professional) do you use, and (let's cut to the chase) since I'm cheap would the free service be beneficial in your opinion? Kelly -----Original Message----- Sent: Wednesday, August 14, 2002 11:20 PM Hi Tom, Not sure where the discrepancies coming from, but Briefing.com was tracking the progress on this all day. Here is the day's final report: 20:19 ET The final 6 We count only 6 companies that did not appear to make the deadline for certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, SON, and ALK were removed from this list). 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 10:32:31 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00A5_01C24447.0F5CC520 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thank you, Charley. That is very helpful. Ann You didn't state your investment goals, but in my opinion this is not = a growth stock. For one thing if institutions own 91% now, there simply = isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 Charley=20 ------=_NextPart_000_00A5_01C24447.0F5CC520 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thank you, Charley. That is very = helpful.
 
Ann
You didn't state your = investment=20 goals, but in my opinion this is not a growth stock. For one thing if=20 institutions own 91% now, there simply isn't enough stock available to = new=20 buyers to move the price significantly. That does not mean they cannot = enjoy=20 good steady slow growth. The funds own 31%; WON recommends staying = below 25%.=20
 
Charley=20
------=_NextPart_000_00A5_01C24447.0F5CC520-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] Coinstar CSTR Date: 15 Aug 2002 10:59:50 EDT --part1_172.d09544a.2a8d1be6_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Wow, look at that breakout at Coinstar. Congratulations John. Charley --part1_172.d09544a.2a8d1be6_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Wow, look at that breakout at Coinstar. Congratulations John. Charley --part1_172.d09544a.2a8d1be6_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward McDonough" Subject: RE: [CANSLIM] UCBH Date: 15 Aug 2002 11:05:03 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0007_01C2444B.9B526720 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit UCBH With all due respect, a stock that is up over 50% YTD is exactly a growth stock. Don't make this more complicated than it is. Stay with the trends. Play the game to win Call me crazy Ed -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann Sent: Thursday, August 15, 2002 10:33 AM Thank you, Charley. That is very helpful. Ann You didn't state your investment goals, but in my opinion this is not a growth stock. For one thing if institutions own 91% now, there simply isn't enough stock available to new buyers to move the price significantly. That does not mean they cannot enjoy good steady slow growth. The funds own 31%; WON recommends staying below 25%. Charley ------=_NextPart_000_0007_01C2444B.9B526720 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

UCBH

=

 

With all due respect, a stock = that is up over 50% YTD is exactly a growth stock.

 

Don’t make this more = complicated than it is.

 

Stay with the trends.<= /span>

 

Play the game to = win

 

Call me crazy =

 

Ed

 

 

 

-----Original = Message-----
From: = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann
Sent: Thursday, August = 15, 2002 10:33 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = UCBH

 

Thank you, Charley. That is very = helpful.

 

Ann

You didn't state your = investment goals, but in my opinion this is not a growth stock. For one thing if institutions own 91% now, there simply isn't enough stock available to = new buyers to move the price significantly. That does not mean they cannot = enjoy good steady slow growth. The funds own 31%; WON recommends staying = below 25%.

 

Charley =

------=_NextPart_000_0007_01C2444B.9B526720-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 10:25:39 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0162_01C24446.19D6C420 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0163_01C24446.19D6C420" ------=_NextPart_001_0163_01C24446.19D6C420 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ann, my data source shows growth at 18, not too shabby for a bank... Charley... I'm awaiting a definitive answer from IBD on institutional = ownership. I've asked them what they count and what they don't count = because of the significant differences in the 'numbers' from different = data suppliers. My second question to them is 'why aren't banks and = pension funds, etc. counted in their numbers.=20 In the Q&A below, IBD switches between calling it institutional = ownership and mutual funds... if a bank isn't an institution why doesn't = IBD just call it funds?=20 What is a level of institutional ownership you consider when = buying a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising?=20 =20 Answer=20 It is hard to tell how much institutional ownership is too much. = Therefore, you should place less weight on this factor. Rather, focus on = the quality of ownership. You want to see at least a few of the better = performing mutual funds owning the stock you are considering buying. In = some cases, however, if too many shares are owned by institutional = investors, this could be bad. That's because it represents large = potential selling if anything goes wrong with the company or the general = market. =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 8:58 AM Subject: Re: [CANSLIM] UCBH Ann: I will give you my thoughts to get you started.=20 Fundamentally, the stock looks sound. You say they lost a fraud suit = but for the time being the market has not reacted negatively. You didn't = say when, but if it wasn't yesterday, I wouldn't put much weight on it. = The market tends to respond very quickly to negative news.=20 You didn't state your investment goals, but in my opinion this is not = a growth stock. For one thing if institutions own 91% now, there simply = isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 The real positive for this stock is the Group RS rating, and the Price = RS.=20 The negative is the very weak market.=20 Charley ------=_NextPart_001_0163_01C24446.19D6C420 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ann, my data source shows growth at = 18, not too=20 shabby for a bank...
 
Charley... I'm awaiting a definitive = answer from=20 IBD on institutional ownership. I've asked them what they count and what = they=20 don't count because of the significant differences in the 'numbers' from = different data suppliers.  My second question to them is 'why = aren't=20 banks and pension funds, etc. counted in their numbers.
 
In the Q&A below, IBD switches = between=20 calling it institutional ownership and mutual funds... if a bank isn't = an=20 institution why doesn't IBD just call it funds?
 
 
What is a level of institutional ownership you = consider=20 when buying a stock? If too many shares are already owned by = institutional=20 investors, can that hurt a stock's chances of rising?
3D""=20
  Answer
  It is hard to tell how much institutional = ownership is=20 too much. Therefore, you should place less weight on this factor. = Rather,=20 focus on the quality of ownership. You want to see at least a few = of the=20 better performing mutual funds owning the stock you are = considering=20 buying. In some cases, however, if too many shares are owned by=20 institutional investors, this could be bad. That's because it = represents=20 large potential selling if anything goes wrong with the company or = the=20 general market.
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 = 8:58=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann: I will = give you my=20 thoughts to get you started.
Fundamentally, the stock looks sound. = You say=20 they lost a fraud suit but for the time being the market has not = reacted=20 negatively. You didn't say when, but if it wasn't yesterday, I = wouldn't put=20 much weight on it. The market tends to respond very quickly to = negative news.=20
You didn't state your investment goals, but in my opinion this is = not a=20 growth stock. For one thing if institutions own 91% now, there simply = isn't=20 enough stock available to new buyers to move the price significantly. = That=20 does not mean they cannot enjoy good steady slow growth. The funds own = 31%;=20 WON recommends staying below 25%.
The real positive for this stock = is the=20 Group RS rating, and the Price RS.
The negative is the very weak = market.=20

Charley ------=_NextPart_001_0163_01C24446.19D6C420-- ------=_NextPart_000_0162_01C24446.19D6C420 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0162_01C24446.19D6C420-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 12:49:28 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000A_01C2445A.313816A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable But is it up over 50% this year because of the institutions buying up = 91% of it! ----- Original Message -----=20 From: Edward McDonough=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:05 AM Subject: RE: [CANSLIM] UCBH UCBH =20 With all due respect, a stock that is up over 50% YTD is exactly a = growth stock. =20 Don't make this more complicated than it is. =20 Stay with the trends. =20 Play the game to win =20 Call me crazy=20 =20 Ed =20 =20 =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann Sent: Thursday, August 15, 2002 10:33 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] UCBH =20 Thank you, Charley. That is very helpful. =20 Ann You didn't state your investment goals, but in my opinion this is = not a growth stock. For one thing if institutions own 91% now, there = simply isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 =20 Charley=20 ------=_NextPart_000_000A_01C2445A.313816A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
But is it up over 50% this year because of the = institutions=20 buying up 91% of  it!
----- Original Message -----
From:=20 Edward=20 McDonough
Sent: Thursday, August 15, 2002 = 11:05=20 AM
Subject: RE: [CANSLIM] = UCBH

UCBH

 

With all due respect, a stock = that is up=20 over 50% YTD is exactly a growth stock.

 

Don=92t make this more = complicated than it=20 is.

 

Stay with the=20 trends.

 

Play the game to=20 win

 

Call me crazy=20

 

Ed

 

 

 

-----Original=20 Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann
Sent: Thursday, August 15, 2002 = 10:33=20 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 UCBH

 

Thank you, Charley. That is = very=20 helpful.

 

Ann

You didn't state your = investment=20 goals, but in my opinion this is not a growth stock. For one thing = if=20 institutions own 91% now, there simply isn't enough stock available = to new=20 buyers to move the price significantly. That does not mean they = cannot enjoy=20 good steady slow growth. The funds own 31%; WON recommends staying = below=20 25%.

 

Charley=20 =

------=_NextPart_000_000A_01C2445A.313816A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 13:04:07 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0051_01C2445C.3D110200 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0052_01C2445C.3D110200" ------=_NextPart_001_0052_01C2445C.3D110200 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks for checking on this, Gene. This list is amazing. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:25 AM Subject: Re: [CANSLIM] UCBH Ann, my data source shows growth at 18, not too shabby for a bank... Charley... I'm awaiting a definitive answer from IBD on institutional = ownership. I've asked them what they count and what they don't count = because of the significant differences in the 'numbers' from different = data suppliers. My second question to them is 'why aren't banks and = pension funds, etc. counted in their numbers.=20 In the Q&A below, IBD switches between calling it institutional = ownership and mutual funds... if a bank isn't an institution why doesn't = IBD just call it funds?=20 What is a level of institutional ownership you consider when = buying a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising?=20 =20 Answer=20 It is hard to tell how much institutional ownership is too = much. Therefore, you should place less weight on this factor. Rather, = focus on the quality of ownership. You want to see at least a few of the = better performing mutual funds owning the stock you are considering = buying. In some cases, however, if too many shares are owned by = institutional investors, this could be bad. That's because it represents = large potential selling if anything goes wrong with the company or the = general market. =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 8:58 AM Subject: Re: [CANSLIM] UCBH Ann: I will give you my thoughts to get you started.=20 Fundamentally, the stock looks sound. You say they lost a fraud suit = but for the time being the market has not reacted negatively. You didn't = say when, but if it wasn't yesterday, I wouldn't put much weight on it. = The market tends to respond very quickly to negative news.=20 You didn't state your investment goals, but in my opinion this is = not a growth stock. For one thing if institutions own 91% now, there = simply isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 The real positive for this stock is the Group RS rating, and the = Price RS.=20 The negative is the very weak market.=20 Charley=20 ------=_NextPart_001_0052_01C2445C.3D110200 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks for checking on this, Gene.  This list = is=20 amazing.
 
----- Original Message -----
From:=20 Gene = Ricci
Sent: Thursday, August 15, 2002 = 11:25=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann, my data source shows growth at = 18, not=20 too shabby for a bank...
 
Charley... I'm awaiting a definitive = answer=20 from IBD on institutional ownership. I've asked them what they count = and what=20 they don't count because of the significant differences in the = 'numbers' from=20 different data suppliers.  My second question to them is = 'why aren't=20 banks and pension funds, etc. counted in their numbers.
 
In the Q&A below, IBD switches = between=20 calling it institutional ownership and mutual funds... if a bank isn't = an=20 institution why doesn't IBD just call it funds?
 
 
What is a level of institutional ownership = you=20 consider when buying a stock? If too many shares are already = owned by=20 institutional investors, can that hurt a stock's chances of=20 rising?
3D""=20
  Answer
  It is hard to tell how much institutional = ownership=20 is too much. Therefore, you should place less weight on this = factor.=20 Rather, focus on the quality of ownership. You want to see at = least a=20 few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many shares = are owned=20 by institutional investors, this could be bad. That's because it = represents large potential selling if anything goes wrong with = the=20 company or the general = market.
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, = 2002 8:58=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann: I = will give you=20 my thoughts to get you started.
Fundamentally, the stock looks = sound.=20 You say they lost a fraud suit but for the time being the market has = not=20 reacted negatively. You didn't say when, but if it wasn't yesterday, = I=20 wouldn't put much weight on it. The market tends to respond very = quickly to=20 negative news.
You didn't state your investment goals, but in my = opinion=20 this is not a growth stock. For one thing if institutions own 91% = now, there=20 simply isn't enough stock available to new buyers to move the price=20 significantly. That does not mean they cannot enjoy good steady slow = growth.=20 The funds own 31%; WON recommends staying below 25%.
The real = positive=20 for this stock is the Group RS rating, and the Price RS.
The = negative is=20 the very weak market.

Charley=20
------=_NextPart_001_0052_01C2445C.3D110200-- ------=_NextPart_000_0051_01C2445C.3D110200 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0051_01C2445C.3D110200-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward McDonough" Subject: RE: [CANSLIM] UCBH Date: 15 Aug 2002 13:14:48 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0003_01C2445D.BB7CC9C0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Institutional sponsorship is one of the CANSLIM criteria for investment. You simply want to ride along with the institutions. You'll know when they begin selling UCBH when it breaks trend. I know trend is not a big element of Canslim so simply use O'neil's 8% stop loss rule. The TREND is your friend. Go with it till it tells you otherwise. Play the game to win! Call me crazy. Ed -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann Sent: Thursday, August 15, 2002 12:49 PM But is it up over 50% this year because of the institutions buying up 91% of it! ----- Original Message ----- Sent: Thursday, August 15, 2002 11:05 AM UCBH With all due respect, a stock that is up over 50% YTD is exactly a growth stock. Don't make this more complicated than it is. Stay with the trends. Play the game to win Call me crazy Ed -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann Sent: Thursday, August 15, 2002 10:33 AM Thank you, Charley. That is very helpful. Ann You didn't state your investment goals, but in my opinion this is not a growth stock. For one thing if institutions own 91% now, there simply isn't enough stock available to new buyers to move the price significantly. That does not mean they cannot enjoy good steady slow growth. The funds own 31%; WON recommends staying below 25%. Charley ------=_NextPart_000_0003_01C2445D.BB7CC9C0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

Institutional sponsorship is one = of the CANSLIM criteria for investment. You simply want to ride along with the institutions.

 

You’ll know when they = begin selling UCBH when it breaks trend.  = I know trend is not a big element of Canslim so = simply use

O’neil’s 8% stop loss = rule.

 

The TREND is your = friend.

 

Go with it till it tells you = otherwise.

 

Play the game to = win!

 

Call me = crazy.

 

Ed

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann
Sent: = Thursday, August 15, = 2002 12:49 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = UCBH

 

But is it up over 50% this year because of = the institutions buying up 91% of  it!

----- Original Message = -----

Sent: Thursday, August 15, = 2002 11:05 AM

Subject: RE: [CANSLIM] UCBH

 

UCBH

=

 

With all due respect, a stock that is up over 50% YTD is exactly a growth = stock.

 

Don’t make this more complicated than it is.

 

Stay with the trends.

 

Play the game to win

 

Call me crazy

 

Ed

 

 

 

-----Original = Message-----
From: owner-canslim@lists.xmi= ssion.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann
Sent: = Thursday, August 15, = 2002 10:33 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = UCBH

 

Thank you, Charley. That is very = helpful.

 

Ann

You didn't state your = investment goals, but in my opinion this is not a growth stock. For one thing if institutions own 91% now, there simply isn't enough stock available to = new buyers to move the price significantly. That does not mean they cannot = enjoy good steady slow growth. The funds own 31%; WON recommends staying = below 25%.

 

Charley =

------=_NextPart_000_0003_01C2445D.BB7CC9C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 13:19:47 EDT --part1_63.101ced34.2a8d3cb3_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ed and Ann: Perhaps you are right Ed. You certainly are as we look back. In June 2000 the stock was at $14.; in June 2001 it was at $28.; in June 2002 it was at $37. I would say that qualifies as a growth stock. It is hard to say what the future holds but they are forecasting 17% growth in 2003, and if they meet that goal (assuming a P/E of 25) the price should rise to $56. Note that their current P/E of 25 represents a five year high. The point I was making is that the company seems to be nearing the end of this truly remarkable growth (for a bank). Thanks for bringing up the subject. Charley --part1_63.101ced34.2a8d3cb3_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ed and Ann:
Perhaps you are right Ed. You certainly are as we look back. In June 2000 the stock was at $14.; in June 2001 it was at $28.; in June 2002 it was at $37. I would say that qualifies as a growth stock.

It is hard to say what the future holds but they are forecasting 17% growth in 2003, and if they meet that goal (assuming a P/E of 25) the price should rise to $56. Note that their current P/E of 25 represents a five year high.

The point I was making is that the company seems to be nearing the end of this truly remarkable growth (for a bank).

Thanks for bringing up the subject.

Charley --part1_63.101ced34.2a8d3cb3_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ed McDonough Subject: RE: [CANSLIM] UCBH Date: 15 Aug 2002 13:34:51 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0012_01C24460.88C13DB0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Charley, 56 sounds good to me. That would be another 30%. Not to shabby. By the way, it doesn't matter what industry the stock is in if it goes up. As long as it goes up, I win. Play the game to win. Ed -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Thursday, August 15, 2002 1:20 PM Ed and Ann: Perhaps you are right Ed. You certainly are as we look back. In June 2000 the stock was at $14.; in June 2001 it was at $28.; in June 2002 it was at $37. I would say that qualifies as a growth stock. It is hard to say what the future holds but they are forecasting 17% growth in 2003, and if they meet that goal (assuming a P/E of 25) the price should rise to $56. Note that their current P/E of 25 represents a five year high. The point I was making is that the company seems to be nearing the end of this truly remarkable growth (for a bank). Thanks for bringing up the subject. Charley ------=_NextPart_000_0012_01C24460.88C13DB0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

Charley,=

 

56 sounds good to me.

 

That would be another 30%.  Not to = shabby.

 

By the way, it doesn’t = matter what industry the stock is in if it goes up. 

 

As long as it goes up, I = win.

 

Play the game to = win.

 

Ed

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Chazmoore@aol.com
Sent: = Thursday, August 15, = 2002 1:20 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = UCBH

 

Ed and Ann:
Perhaps you are right Ed. You certainly are as we look back. In June = 2000 the stock was at $14.; in June 2001 it was at $28.; in June 2002 it was at = $37. I would say that qualifies as a growth stock.

It is hard to say what the future holds but they are forecasting 17% = growth in 2003, and if they meet that goal (assuming a P/E of 25) the price = should rise to $56. Note that their current P/E of 25 represents a five year high. =

The point I was making is that the company seems to be nearing the end = of this truly remarkable growth (for a bank).

Thanks for bringing up the subject.

Charley

------=_NextPart_000_0012_01C24460.88C13DB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 13:35:20 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0091_01C24460.99A0DA00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks, Ed and Charley. ----- Original Message -----=20 From: Ed McDonough=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 1:34 PM Subject: RE: [CANSLIM] UCBH Charley, =20 56 sounds good to me. =20 That would be another 30%. Not to shabby. =20 By the way, it doesn't matter what industry the stock is in if it goes = up. =20 =20 As long as it goes up, I win. =20 Play the game to win. =20 Ed =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com Sent: Thursday, August 15, 2002 1:20 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] UCBH =20 Ed and Ann:=20 Perhaps you are right Ed. You certainly are as we look back. In June = 2000 the stock was at $14.; in June 2001 it was at $28.; in June 2002 it = was at $37. I would say that qualifies as a growth stock.=20 It is hard to say what the future holds but they are forecasting 17% = growth in 2003, and if they meet that goal (assuming a P/E of 25) the = price should rise to $56. Note that their current P/E of 25 represents a = five year high.=20 The point I was making is that the company seems to be nearing the end = of this truly remarkable growth (for a bank).=20 Thanks for bringing up the subject.=20 Charley ------=_NextPart_000_0091_01C24460.99A0DA00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks, Ed and Charley.
 
----- Original Message -----
From:=20 Ed=20 McDonough
Sent: Thursday, August 15, 2002 = 1:34=20 PM
Subject: RE: [CANSLIM] = UCBH

Charley,

 

56 sounds good=20 to me.

 

That would be another = 30%.  Not to=20 shabby.

 

By the way, it doesn=92t = matter what=20 industry the stock is in if it goes up. =20

 

As long as it goes up, I=20 win.

 

Play the game to=20 win.

 

Ed

 

-----Original=20 Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of=20 Chazmoore@aol.com
Sent: Thursday, August 15,=20 2002 = 1:20=20 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 UCBH

 

Ed and Ann:
Perhaps = you are=20 right Ed. You certainly are as we look back. In June 2000 the stock = was at=20 $14.; in June 2001 it was at $28.; in June 2002 it was at $37. I would = say=20 that qualifies as a growth stock.

It is hard to say what the = future=20 holds but they are forecasting 17% growth in 2003, and if they meet = that goal=20 (assuming a P/E of 25) the price should rise to $56. Note that their = current=20 P/E of 25 represents a five year high.

The point I was making = is that=20 the company seems to be nearing the end of this truly remarkable = growth (for a=20 bank).

Thanks for bringing up the subject.=20 =

Charley

------=_NextPart_000_0091_01C24460.99A0DA00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: [CANSLIM] gaming stocks B/o Date: 15 Aug 2002 12:41:50 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0028_01C24459.20266340 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Some of the leading gaming stocks are b/o today. ISLE, BYD, HET. --Scott ------=_NextPart_000_0028_01C24459.20266340 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Some=20 of the leading gaming stocks are b/o today.  ISLE, BYD,=20 HET.
 
--Scott
------=_NextPart_000_0028_01C24459.20266340-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] Today's IBD "Would you buy this stock?" Date: 15 Aug 2002 15:56:03 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C2449E.2AD3E1E7 Content-Type: multipart/alternative; boundary="----_=_NextPart_002_01C2449E.2AD3E1E7" ------_=_NextPart_002_01C2449E.2AD3E1E7 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable In today's "Would you buy this stock?" Metro One Telecom is featured. = The chart shows a CwH formation and the answer to the quiz is "Yes," you = should have bought this stock. But is this the most beautiful CwH = formation there is? The handle continues for 14 days before the BO. = Doesn't WON recommend 3 - 7 days? During this time, it dips 50% from the = top of the right side. Seems that I remember WON suggesting a CwH = formation should correct around 20%. Thoughts anyone? ------_=_NextPart_002_01C2449E.2AD3E1E7 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
In=20 today's "Would you buy this stock?" Metro One Telecom is featured. The = chart=20 shows a CwH formation and the answer to the quiz is "Yes," you should = have=20 bought this stock. But is this the most beautiful CwH formation there = is? The=20 handle continues for 14 days before the BO. Doesn't WON recommend 3 - 7 = days?=20 During this time, it dips 50% from the top of the right side. Seems that = I=20 remember WON suggesting a CwH formation should correct around 20%. = Thoughts=20 anyone?
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wkprrbZet+ow3ezKa6++Gv4KbLDCDktsscYei2yyyi7LbLPOPgvseQkAADs= ------_=_NextPart_001_01C2449E.2AD3E1E7-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] gaming stocks B/o Date: 15 Aug 2002 16:56:30 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_001B_01C2447C.B3F7F340 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Guess that means if citizens are going to lose money gambling (a.k.a = investing), they might as well have fun doing it. Casinos profit at the = expense of brokers. Jon ----- Original Message -----=20 From: Scott Gettis=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 3:41 PM Subject: [CANSLIM] gaming stocks B/o Some of the leading gaming stocks are b/o today. ISLE, BYD, HET. --Scott ------=_NextPart_000_001B_01C2447C.B3F7F340 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Guess that means if citizens are = going to=20 lose money gambling (a.k.a investing), they might as well have fun doing = it.=20 Casinos profit at the expense of brokers.
 
Jon
----- Original Message -----
From:=20 Scott = Gettis=20
Sent: Thursday, August 15, 2002 = 3:41=20 PM
Subject: [CANSLIM] gaming = stocks=20 B/o

Some=20 of the leading gaming stocks are b/o today.  ISLE, BYD,=20 HET.
 
--Scott
------=_NextPart_000_001B_01C2447C.B3F7F340-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] gaming stocks B/o Date: 15 Aug 2002 15:00:16 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_006E_01C2446C.76D0FE40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit We have a client (fairly active trader) that is also a professional Poker player. He drives out to Wendover, Nevada every weekend and overall he actually does pretty well. :-) -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Thursday, August 15, 2002 2:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] gaming stocks B/o Guess that means if citizens are going to lose money gambling (a.k.a investing), they might as well have fun doing it. Casinos profit at the expense of brokers. Jon ----- Original Message ----- From: Scott Gettis To: canslim@lists.xmission.com Sent: Thursday, August 15, 2002 3:41 PM Subject: [CANSLIM] gaming stocks B/o Some of the leading gaming stocks are b/o today. ISLE, BYD, HET. --Scott ------=_NextPart_000_006E_01C2446C.76D0FE40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
We=20 have a client (fairly active trader) that is also a professional = Poker=20 player.  He drives out to Wendover, Nevada every weekend and = overall he=20 actually does pretty well.  :-)
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J.=20 Lobatto
Sent: Thursday, August 15, 2002 2:57 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] gaming = stocks=20 B/o

Guess that means if citizens = are going to=20 lose money gambling (a.k.a investing), they might as well have fun = doing it.=20 Casinos profit at the expense of brokers.
 
Jon
----- Original Message -----
From:=20 Scott = Gettis=20
Sent: Thursday, August 15, = 2002 3:41=20 PM
Subject: [CANSLIM] gaming = stocks=20 B/o

Some of the leading gaming stocks are b/o today.  = ISLE, BYD,=20 HET.
 
--Scott
------=_NextPart_000_006E_01C2446C.76D0FE40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Today's IBD "Would you buy this stock?" Date: 15 Aug 2002 17:07:00 EDT --part1_72.20f50011.2a8d71f4_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kelly: Good for you. While I don't think there is anything wrong with a 2 week handle, WON does state it should not droop more than 15%-20%. I didn't study it as close as you did, but my reaction to the question was NO. It looked to me like the breakout far exceeded 5% and we are instructed not to chase it past 5%. Charley --part1_72.20f50011.2a8d71f4_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kelly: Good for you. While I don't think there is anything wrong with a 2 week handle, WON does state it should not droop more than 15%-20%. I didn't study it as close as you did, but my reaction to the question was NO. It looked to me like the breakout far exceeded 5% and we are instructed not to chase it past 5%. Charley --part1_72.20f50011.2a8d71f4_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] gaming stocks B/o Date: 15 Aug 2002 17:08:35 EDT --part1_175.d102d67.2a8d7253_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit For the skilled player, poker may offer the best odds available in Nevada. Charley --part1_175.d102d67.2a8d7253_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit For the skilled player, poker may offer the best odds available in Nevada. Charley --part1_175.d102d67.2a8d7253_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] gaming stocks B/o Date: 15 Aug 2002 17:27:18 EDT --part1_a7.251ad9c0.2a8d76b6_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Scott: Thanks for bringing up those gambling stocks. All three now set well above the mid point of a cup formation and will be interesting to watch develop. However, most of the stocks in the gaming industry carry huge debts. For example, HET, 270%; BYD, 323%; ISLE, 625%. Does anyone know why? Is it inherent in the industry? Is this the result of acquisition/consolidation? Off the top of my head it seems to me that a further slow down in the economy could force some of these shops into bankruptcy. What is your take? Charley --part1_a7.251ad9c0.2a8d76b6_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Scott: Thanks for bringing up those gambling stocks. All three now set well above the mid point of a cup formation and will be interesting to watch develop. However, most of the stocks in the gaming industry carry huge debts. For example, HET, 270%; BYD, 323%; ISLE, 625%.

Does anyone know why? Is it inherent in the industry? Is this the result of acquisition/consolidation?

Off the top of my head it seems to me that a further slow down in the economy could force some of these shops into bankruptcy. What is your take?
Charley --part1_a7.251ad9c0.2a8d76b6_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Today's IBD "Would you buy this stock?" Date: 15 Aug 2002 16:30:43 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_03E5_01C24479.1F11B160 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Charley and Kelly, A couple of things related to the MTON chart: To your point about the breakout being beyond the 5% limit of the = pivot---this is a weekly chart, so what you are seeing is the closing = price at the end of the week, not necessarily on the day it broke out on = volume. You'll have to look back at a daily from 4/01 to see it more = specifically. To the point about the handle droop--While 12-15% is the "norm", in Bear = markets, that droop can be as much as 30% according to WON. My = recollection of the 4/01 time period is that we were just beginning a = rally and so it wouldn't seem out of character for the handle to be as = deep as it was (by my estimation looking at the chart, about 25%). As = long as the handle forms on diminishing volume, is in the upper half of = the cup formation and above the 200 day MA, it's valid. Katherine ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 4:07 PM Subject: Re: [CANSLIM] Today's IBD "Would you buy this stock?" Kelly: Good for you. While I don't think there is anything wrong with = a 2 week handle, WON does state it should not droop more than 15%-20%. I = didn't study it as close as you did, but my reaction to the question was = NO. It looked to me like the breakout far exceeded 5% and we are = instructed not to chase it past 5%. Charley=20 ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 3:56 PM Subject: [CANSLIM] Today's IBD "Would you buy this stock?" In today's "Would you buy this stock?" Metro One Telecom is = featured. The chart shows a CwH formation and the answer to the quiz is = "Yes," you should have bought this stock. But is this the most beautiful = CwH formation there is? The handle continues for 14 days before the BO. = Doesn't WON recommend 3 - 7 days? During this time, it dips 50% from the = top of the right side. Seems that I remember WON suggesting a CwH = formation should correct around 20%. Thoughts anyone? --- =20 ------=_NextPart_000_03E5_01C24479.1F11B160 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Charley and Kelly,
 
A couple of things related to the MTON chart:
 
To your point about the breakout being beyond the 5% limit of the=20 pivot---this is a weekly chart, so what you are seeing is the closing = price at=20 the end of the week, not necessarily on the day it broke out on volume. = You'll=20 have to look back at a daily from 4/01 to see it more = specifically.
 
To the point about the handle droop--While 12-15% is the "norm", in = Bear=20 markets, that droop can be as much as 30% according to WON. My = recollection of=20 the 4/01 time period is that we were just beginning a rally and so it = wouldn't=20 seem out of character for the handle to be as deep as it was (by my = estimation=20 looking at the chart, about 25%). As long as the handle forms on = diminishing=20 volume, is in the upper half of the cup formation and above the 200 day = MA, it's=20 valid.
 
Katherine
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 = 4:07=20 PM
Subject: Re: [CANSLIM] Today's = IBD "Would=20 you buy this stock?"

Kelly: Good for you. = While I=20 don't think there is anything wrong with a 2 week handle, WON does = state it=20 should not droop more than 15%-20%. I didn't study it as close as you = did, but=20 my reaction to the question was NO. It looked to me like the breakout = far=20 exceeded 5% and we are instructed not to chase it past 5%. = Charley=20
----- Original Message -----
From:=20 Kelly Short
Sent: Thursday, August 15, = 2002 3:56=20 PM
Subject: [CANSLIM] Today's = IBD "Would=20 you buy this stock?"

In=20 today's "Would you buy this stock?" Metro One Telecom is featured. = The chart=20 shows a CwH formation and the answer to the quiz is "Yes," you = should have=20 bought this stock. But is this the most beautiful CwH formation = there is?=20 The handle continues for 14 days before the BO. Doesn't WON = recommend 3 - 7=20 days? During this time, it dips 50% from the top of the right side. = Seems=20 that I remember WON suggesting a CwH formation should correct around = 20%.=20 Thoughts anyone?
 
=20

------=_NextPart_000_03E5_01C24479.1F11B160-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 14:36:03 -0700 ------=_NextPart_001_0000_01C24469.15375D80 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable Charley-can you explain to me why 17% growth will equal $56.00 and why i= t will change if the P/E changes?? Thank You Nancy =20 =20 ----- Original Message ----- Sent: Thursday, August 15, 2002 10:37 AM =20 Thanks, Ed and Charley. =20 ----- Original Message ----- =20 Sent: Thursday, August 15, 2002 1:34 PM Charley, =20 56 sounds good to me. =20 That would be another 30%. Not to shabby. =20 By the way, it doesn=E2=80=99t matter what industry the stock is in if it= goes up. =20 =20 As long as it goes up, I win. =20 Play the game to win. =20 Ed =20 -----Original Message----- on.com] On Behalf Of Chazmoore@aol.com Sent: Thursday, August 15, 2002 1:20 PM =20 Ed and Ann: =20 Perhaps you are right Ed. You certainly are as we look back. In June 2000= the stock was at $14.; in June 2001 it was at $28.; in June 2002 it was = at $37. I would say that qualifies as a growth stock. =20 It is hard to say what the future holds but they are forecasting 17% grow= th in 2003, and if they meet that goal (assuming a P/E of 25) the price s= hould rise to $56. Note that their current P/E of 25 represents a five ye= ar high. =20 The point I was making is that the company seems to be nearing the end of= this truly remarkable growth (for a bank). =20 Thanks for bringing up the subject. =20 Charley ------=_NextPart_001_0000_01C24469.15375D80 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable
Charley-can you explain to me why 17% gro= wth will equal  $56.00 and why it will change if the P/E changes?? T= hank You Nancy 
 
 ------=_NextPart_001_0000_01C24469.15375D80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 17:47:41 EDT --part1_138.12f620ef.2a8d7b7d_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Nancy: The Price Earnings Ratio is simply the stock price divided by the earnings. Therefore, if you know P/E ratio, and the Earnings, you can multiply and determine the price. From DGO we note the estimated earnings for 2003 to be $2.25 per share. The current P/E is 25. Therefore 25 X 2.25 = $56.25, the estimated price of the stock at the end of fiscal year 2003. Also from DGO we note the 5 year range of the P/E has been 5 to 24 so we can conclude the P/E is at a 5 year high, and historically, has not exceeded that amount. As you can see the $56 is just an educated guess based on available information. There is no rule which says the P/E cannot go to 50, and there is no rule that says earnings cannot double the estimate. However, if you want a ball park figure this is not bad. Charley --part1_138.12f620ef.2a8d7b7d_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Nancy: The Price Earnings Ratio is simply the stock price divided by the earnings. Therefore, if you know P/E ratio, and the Earnings, you can multiply and determine the price.

From DGO we note the estimated earnings for 2003 to be $2.25 per share.
The current P/E is 25.
Therefore 25 X 2.25 = $56.25, the estimated price of the stock at the end of fiscal year 2003.
Also from DGO we note the 5 year range of the P/E has been 5 to 24 so we can conclude the P/E is at a 5 year high, and historically, has not exceeded that amount.

As you can see the $56 is just an educated guess based on available information. There is no rule which says the P/E cannot go to 50, and there is no rule that says earnings cannot double the estimate. However, if you want a ball park figure this is not bad.

Charley --part1_138.12f620ef.2a8d7b7d_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 18:39:13 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0050_01C2448B.0D23FB40 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0051_01C2448B.0D23FB40" ------=_NextPart_001_0051_01C2448B.0D23FB40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Institutional ownership includes, in addition to mutual funds, pension = funds, insurance companies, some banks (buying for their own account), = venture capital funds, etc. There are also some individual investors = that usually get counted, a certain Saudi Arabian prince comes to mind, = who will buy $50 to $250 million worth of stock at a time, easily the = size of a mutual fund order. A bank is not always an "institutional investor" (unless buying for its = own account) as it is often used as custodian, or even agent, for other = institutional accounts as well as many retail accounts. My employer is a = bank, and also custodian for its securities clients. As such, its = collective holdings of some securities would easily be large enough to = count as "institutional" in size, yet they are not because the end owner = is a retail client of the bank, often making his or her own investment = decisions. WON does not count bank holdings for this reason, as it is difficult to = distinguish bank holdings as "proxy owner" from own holdings, same as a = broker dealer holding in street name for its clients. ----- Original Message -----=20 Sent: Thursday, August 15, 2002 11:25 AM Ann, my data source shows growth at 18, not too shabby for a bank... Charley... I'm awaiting a definitive answer from IBD on institutional = ownership. I've asked them what they count and what they don't count = because of the significant differences in the 'numbers' from different = data suppliers. My second question to them is 'why aren't banks and = pension funds, etc. counted in their numbers.=20 In the Q&A below, IBD switches between calling it institutional = ownership and mutual funds... if a bank isn't an institution why doesn't = IBD just call it funds?=20 What is a level of institutional ownership you consider when = buying a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising?=20 =20 Answer=20 It is hard to tell how much institutional ownership is too much. = Therefore, you should place less weight on this factor. Rather, focus on = the quality of ownership. You want to see at least a few of the better = performing mutual funds owning the stock you are considering buying. In = some cases, however, if too many shares are owned by institutional = investors, this could be bad. That's because it represents large = potential selling if anything goes wrong with the company or the general = market. =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 8:58 AM Subject: Re: [CANSLIM] UCBH Ann: I will give you my thoughts to get you started.=20 Fundamentally, the stock looks sound. You say they lost a fraud suit = but for the time being the market has not reacted negatively. You didn't = say when, but if it wasn't yesterday, I wouldn't put much weight on it. = The market tends to respond very quickly to negative news.=20 You didn't state your investment goals, but in my opinion this is not = a growth stock. For one thing if institutions own 91% now, there simply = isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 The real positive for this stock is the Group RS rating, and the Price = RS.=20 The negative is the very weak market.=20 Charley=20 ------=_NextPart_001_0051_01C2448B.0D23FB40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Institutional ownership includes, in addition to = mutual=20 funds, pension funds, insurance companies, some banks (buying for their = own=20 account), venture capital funds, etc.  There are also some = individual=20 investors that usually get counted, a certain Saudi Arabian prince comes = to=20 mind, who will buy $50 to $250 million worth of stock at a time, easily = the size=20 of a mutual fund order.
 
A bank is not always an "institutional investor" = (unless=20 buying for its own account) as it is often used as custodian, or even = agent, for=20 other institutional accounts as well as many retail accounts. My = employer is a=20 bank, and also custodian for its securities clients. As such, its = collective=20 holdings of some securities would easily be large enough to count as=20 "institutional" in size, yet they are not because the end owner is a = retail=20 client of the bank, often making his or her own investment=20 decisions.
 
WON does not count bank holdings for this = reason, as it is=20 difficult to distinguish bank holdings as "proxy owner" from own = holdings, same=20 as a broker dealer holding in street name for its clients.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Thursday, August 15, 2002 11:25 AM
Subject: Re: [CANSLIM] UCBH

Ann, my data source shows growth at = 18, not too=20 shabby for a bank...
 
Charley... I'm awaiting a definitive = answer from=20 IBD on institutional ownership. I've asked them what they count and what = they=20 don't count because of the significant differences in the 'numbers' from = different data suppliers.  My second question to them is 'why = aren't=20 banks and pension funds, etc. counted in their numbers.
 
In the Q&A below, IBD switches = between=20 calling it institutional ownership and mutual funds... if a bank isn't = an=20 institution why doesn't IBD just call it funds?
 
 
What is a level of institutional ownership you = consider=20 when buying a stock? If too many shares are already owned by = institutional=20 investors, can that hurt a stock's chances of rising?
3D""=20
  Answer
  It is hard to tell how much institutional = ownership is=20 too much. Therefore, you should place less weight on this factor. = Rather,=20 focus on the quality of ownership. You want to see at least a few = of the=20 better performing mutual funds owning the stock you are = considering=20 buying. In some cases, however, if too many shares are owned by=20 institutional investors, this could be bad. That's because it = represents=20 large potential selling if anything goes wrong with the company or = the=20 general market.
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 = 8:58=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann: I will = give you my=20 thoughts to get you started.
Fundamentally, the stock looks sound. = You say=20 they lost a fraud suit but for the time being the market has not = reacted=20 negatively. You didn't say when, but if it wasn't yesterday, I = wouldn't put=20 much weight on it. The market tends to respond very quickly to = negative news.=20
You didn't state your investment goals, but in my opinion this is = not a=20 growth stock. For one thing if institutions own 91% now, there simply = isn't=20 enough stock available to new buyers to move the price significantly. = That=20 does not mean they cannot enjoy good steady slow growth. The funds own = 31%;=20 WON recommends staying below 25%.
The real positive for this stock = is the=20 Group RS rating, and the Price RS.
The negative is the very weak = market.=20

Charley ------=_NextPart_001_0051_01C2448B.0D23FB40-- ------=_NextPart_000_0050_01C2448B.0D23FB40 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0050_01C2448B.0D23FB40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 18:50:55 -0400 Ann, several comments, I already addressed "institutional ownership" in another email just posted, but would add to that I have never seen a stock with true institutional ownership of 91%, unless the float was a very small percent of the total issue (and I would doubt it even then). Institutional investors want liquidity even more than us retail investors. If I see this ownership reported this high, I would immediately suspect wrong data, either because of a split, new issue, duplicate counting, or some other cause. Mutual fund ownership is high (DGO says 31% of the float of 18.6 million shares), and nr of funds owning has been growing (reported at 143 for June 02, up from 140 the prior qtr and 119 a year ago). So institutional ownership is going to be high, but no where near 91%. Second, you don't mention the chart pattern that you see. What I get is a double bottom, with the pivot occurring 7/29 as it passed 10 cents higher than the mid point of the "W" at a price of 40.05. The more cautious might have wanted to wait for 7/30 to see if it followed thru. Ironically, that would have put you into the stock just in time to catch the nearly 8% correction (good example of why this "M" suggests only buying a partial position, if you insist on buying at all). As for the fraud lawsuit loss, I must assume any mental, emotional or financial factors are already priced into the stock. The only issue it would have for me is what, if anything, it tells me about the ethics or honestly of management. DGO says Management owns 5% (vice Yahoo's 1%). ----- Original Message ----- Sent: Thursday, August 15, 2002 8:59 AM I am trying to do DD, using Yahoo. Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is now at 42.40, which is well within the 2-3% limit that WON advises using (above breakout) in this M. On 8/14, it hit a new 52-wk high (42.73). I was trying to do my due diligence, and came across some puzzling pieces of info: Insiders only own 1%, whereas institutions own 91%. Is that worrisome? Also, they just lost a big fraud lawsuit! Sales growth is down, but less so thatn the rest of the industry. EPS quarterly growth is up 28%; annual 23% (if I am doing this right!). Pretax profit margin is 30%; after tax 18%. ROE is 20%. To me the company looks good, the industry is doing well. How significant is that court case? (I'm going for a walk. Hopefully I won't miss my big chance!) Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: re: [CANSLIM] Today's IBD "Would you buy this stock?" Date: 15 Aug 2002 17:54:48 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0423_01C24484.D9266860 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Kelly, One more thing I intended to include was a comment on your original = question about the length of the handle. WON recommends that the handle = be *at least* 1 wk (5 trading days), but the length of the handle will = actually vary depending on the market and the characteristics of the = base itself. One of the articles I have in my file on handles states = "Don't be surprised if a good stock's handle stretches seven, eight, = even more than 10 straight weeks." (From "Very Short Handles Bear High = Risks" 11/29/01) Katherine ----- Original Message -----=20 Sent: Thursday, August 15, 2002 4:30 PM Hi Charley and Kelly, A couple of things related to the MTON chart: To your point about the breakout being beyond the 5% limit of the = pivot---this is a weekly chart, so what you are seeing is the closing = price at the end of the week, not necessarily on the day it broke out on = volume. You'll have to look back at a daily from 4/01 to see it more = specifically. To the point about the handle droop--While 12-15% is the "norm", in Bear = markets, that droop can be as much as 30% according to WON. My = recollection of the 4/01 time period is that we were just beginning a = rally and so it wouldn't seem out of character for the handle to be as = deep as it was (by my estimation looking at the chart, about 25%). As = long as the handle forms on diminishing volume, is in the upper half of = the cup formation and above the 200 day MA, it's valid. Katherine ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 4:07 PM Subject: Re: [CANSLIM] Today's IBD "Would you buy this stock?" Kelly: Good for you. While I don't think there is anything wrong with = a 2 week handle, WON does state it should not droop more than 15%-20%. I = didn't study it as close as you did, but my reaction to the question was = NO. It looked to me like the breakout far exceeded 5% and we are = instructed not to chase it past 5%. Charley=20 ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 3:56 PM Subject: [CANSLIM] Today's IBD "Would you buy this stock?" In today's "Would you buy this stock?" Metro One Telecom is = featured. The chart shows a CwH formation and the answer to the quiz is = "Yes," you should have bought this stock. But is this the most beautiful = CwH formation there is? The handle continues for 14 days before the BO. = Doesn't WON recommend 3 - 7 days? During this time, it dips 50% from the = top of the right side. Seems that I remember WON suggesting a CwH = formation should correct around 20%. Thoughts anyone? --- ------=_NextPart_000_0423_01C24484.D9266860 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Kelly,
 
One more thing I intended to include was a comment on your original = question about the length of the handle. WON recommends that the handle = be *at=20 least* 1 wk (5 trading days), but the length of the handle will actually = vary=20 depending on the market and the characteristics of the base itself. One = of the=20 articles I have in my file on handles states "Don't be surprised if a = good=20 stock's handle stretches seven, eight, even more than 10 straight = weeks." (From=20 "Very Short Handles Bear High Risks" 11/29/01)
 
Katherine
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Thursday, August 15, 2002 4:30 PM
Subject: Re: [CANSLIM] Today's IBD "Would you buy this=20 stock?"

Hi Charley and Kelly,
 
A couple of things related to the MTON chart:
 
To your point about the breakout being beyond the 5% limit of the=20 pivot---this is a weekly chart, so what you are seeing is the closing = price at=20 the end of the week, not necessarily on the day it broke out on volume. = You'll=20 have to look back at a daily from 4/01 to see it more = specifically.
 
To the point about the handle droop--While 12-15% is the "norm", in = Bear=20 markets, that droop can be as much as 30% according to WON. My = recollection of=20 the 4/01 time period is that we were just beginning a rally and so it = wouldn't=20 seem out of character for the handle to be as deep as it was (by my = estimation=20 looking at the chart, about 25%). As long as the handle forms on = diminishing=20 volume, is in the upper half of the cup formation and above the 200 day = MA, it's=20 valid.
 
Katherine
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 = 4:07=20 PM
Subject: Re: [CANSLIM] Today's = IBD "Would=20 you buy this stock?"

Kelly: Good for you. = While I=20 don't think there is anything wrong with a 2 week handle, WON does = state it=20 should not droop more than 15%-20%. I didn't study it as close as you = did, but=20 my reaction to the question was NO. It looked to me like the breakout = far=20 exceeded 5% and we are instructed not to chase it past 5%. = Charley=20
----- Original Message -----
From:=20 Kelly Short
Sent: Thursday, August 15, = 2002 3:56=20 PM
Subject: [CANSLIM] Today's = IBD "Would=20 you buy this stock?"

In=20 today's "Would you buy this stock?" Metro One Telecom is featured. = The chart=20 shows a CwH formation and the answer to the quiz is "Yes," you = should have=20 bought this stock. But is this the most beautiful CwH formation = there is?=20 The handle continues for 14 days before the BO. Doesn't WON = recommend 3 - 7=20 days? During this time, it dips 50% from the top of the right side. = Seems=20 that I remember WON suggesting a CwH formation should correct around = 20%.=20 Thoughts anyone?
 

------=_NextPart_000_0423_01C24484.D9266860-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] CEO / CFO certifications Date: 15 Aug 2002 19:36:23 -0400 as per the SEC website, updated as of 7:10 PM tonight, following companies expected to report by yesterday still had not filed. No indication is shown of those that filed for the five day extension. Adolph Coors Company Advance Auto Parts, Inc. The AES Corporation Anadarko Petroleum Corporation Aon Corporation Aquila, Inc. Brightpoint, Inc. Cendant Corp Coca-Cola Enterprises Inc. Collins & Aikman Corp. Comdisco Inc. Conseco Inc. Consolidated Freightways Corp. Danaher Corporation DST Systems, Inc. Exide Technologies Foamex International Inc. Gemstar-TV Guide International Inc. Gentek Inc. Hercules Inc. Hub Group Inc. IT Group Inc. Jones Apparel Group Inc. Mariner Health Care Inc. McLeodUSA Incorporated Metaldyne Corporation MetLife Inc. Millennium Chemicals Inc. Newmont Mining Corporation NorthWestern Corporation NSTAR Perini Corp. Protective Life Corp. Qwest Communications Intl Reliant Energy Inc. Riverwood Holding Inc. Rock-Tenn Co. Sempra Energy. TXU Corp. U.S. Industries Inc. US Airways Group Inc. Weatherford International Inc. XO Communications Inc. Zions Bancorporation Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: re: [CANSLIM] Today's IBD "Would you buy this stock?" Date: 15 Aug 2002 16:55:26 -0700 (PDT) Katherine,this(Investor Quiz)looks like a daily chart. Jack --- Katherine Malm wrote: > Hi Kelly, > > One more thing I intended to include was a comment > on your original question about the length of the > handle. WON recommends that the handle be *at least* > 1 wk (5 trading days), but the length of the handle > will actually vary depending on the market and the > characteristics of the base itself. One of the > articles I have in my file on handles states "Don't > be surprised if a good stock's handle stretches > seven, eight, even more than 10 straight weeks." > (From "Very Short Handles Bear High Risks" 11/29/01) > > Katherine > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Thursday, August 15, 2002 4:30 PM > Subject: Re: [CANSLIM] Today's IBD "Would you buy > this stock?" > > > Hi Charley and Kelly, > > A couple of things related to the MTON chart: > > To your point about the breakout being beyond the 5% > limit of the pivot---this is a weekly chart, so what > you are seeing is the closing price at the end of > the week, not necessarily on the day it broke out on > volume. You'll have to look back at a daily from > 4/01 to see it more specifically. > > To the point about the handle droop--While 12-15% is > the "norm", in Bear markets, that droop can be as > much as 30% according to WON. My recollection of the > 4/01 time period is that we were just beginning a > rally and so it wouldn't seem out of character for > the handle to be as deep as it was (by my estimation > looking at the chart, about 25%). As long as the > handle forms on diminishing volume, is in the upper > half of the cup formation and above the 200 day MA, > it's valid. > > Katherine > ----- Original Message ----- > From: Chazmoore@aol.com > To: canslim@lists.xmission.com > Sent: Thursday, August 15, 2002 4:07 PM > Subject: Re: [CANSLIM] Today's IBD "Would you buy > this stock?" > > > Kelly: Good for you. While I don't think there is > anything wrong with a 2 week handle, WON does state > it should not droop more than 15%-20%. I didn't > study it as close as you did, but my reaction to the > question was NO. It looked to me like the breakout > far exceeded 5% and we are instructed not to chase > it past 5%. Charley > ----- Original Message ----- > From: Kelly Short > To: canslim@lists.xmission.com > Sent: Thursday, August 15, 2002 3:56 PM > Subject: [CANSLIM] Today's IBD "Would you buy > this stock?" > > > In today's "Would you buy this stock?" Metro One > Telecom is featured. The chart shows a CwH formation > and the answer to the quiz is "Yes," you should have > bought this stock. But is this the most beautiful > CwH formation there is? The handle continues for 14 > days before the BO. Doesn't WON recommend 3 - 7 > days? During this time, it dips 50% from the top of > the right side. Seems that I remember WON suggesting > a CwH formation should correct around 20%. Thoughts > anyone? > > > > > > > > ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Today's IBD "Would you buy this stock?" Date: 15 Aug 2002 18:58:50 -0500 Hi Jack, You're quite right. Thanks for pointing out my error. In this particular case, one would then need to enter intraday as the stock passed the pivot on extrapolated volume 150%+ or would have to wait for a slight pullback on lower volume in subsequent days and take a second chance entry if they wanted to avoid the 5% extension beyond pivot. Katherine ----- Original Message ----- Sent: Thursday, August 15, 2002 6:55 PM | Katherine,this(Investor Quiz)looks like a daily chart. | Jack | --- Katherine Malm wrote: | > Hi Kelly, | > | > One more thing I intended to include was a comment | > on your original question about the length of the | > handle. WON recommends that the handle be *at least* | > 1 wk (5 trading days), but the length of the handle | > will actually vary depending on the market and the | > characteristics of the base itself. One of the | > articles I have in my file on handles states "Don't | > be surprised if a good stock's handle stretches | > seven, eight, even more than 10 straight weeks." | > (From "Very Short Handles Bear High Risks" 11/29/01) | > | > Katherine | > | > ----- Original Message ----- | > From: Katherine Malm | > To: canslim@lists.xmission.com | > Sent: Thursday, August 15, 2002 4:30 PM | > Subject: Re: [CANSLIM] Today's IBD "Would you buy | > this stock?" | > | > | > Hi Charley and Kelly, | > | > A couple of things related to the MTON chart: | > | > To your point about the breakout being beyond the 5% | > limit of the pivot---this is a weekly chart, so what | > you are seeing is the closing price at the end of | > the week, not necessarily on the day it broke out on | > volume. You'll have to look back at a daily from | > 4/01 to see it more specifically. | > | > To the point about the handle droop--While 12-15% is | > the "norm", in Bear markets, that droop can be as | > much as 30% according to WON. My recollection of the | > 4/01 time period is that we were just beginning a | > rally and so it wouldn't seem out of character for | > the handle to be as deep as it was (by my estimation | > looking at the chart, about 25%). As long as the | > handle forms on diminishing volume, is in the upper | > half of the cup formation and above the 200 day MA, | > it's valid. | > | > Katherine | > ----- Original Message ----- | > From: Chazmoore@aol.com | > To: canslim@lists.xmission.com | > Sent: Thursday, August 15, 2002 4:07 PM | > Subject: Re: [CANSLIM] Today's IBD "Would you buy | > this stock?" | > | > | > Kelly: Good for you. While I don't think there is | > anything wrong with a 2 week handle, WON does state | > it should not droop more than 15%-20%. I didn't | > study it as close as you did, but my reaction to the | > question was NO. It looked to me like the breakout | > far exceeded 5% and we are instructed not to chase | > it past 5%. Charley | > ----- Original Message ----- | > From: Kelly Short | > To: canslim@lists.xmission.com | > Sent: Thursday, August 15, 2002 3:56 PM | > Subject: [CANSLIM] Today's IBD "Would you buy | > this stock?" | > | > | > In today's "Would you buy this stock?" Metro One | > Telecom is featured. The chart shows a CwH formation | > and the answer to the quiz is "Yes," you should have | > bought this stock. But is this the most beautiful | > CwH formation there is? The handle continues for 14 | > days before the BO. Doesn't WON recommend 3 - 7 | > days? During this time, it dips 50% from the top of | > the right side. Seems that I remember WON suggesting | > a CwH formation should correct around 20%. Thoughts | > anyone? | > | > | > | -------------------------------------------------------------------------- -- | > | > | > | > | > | | | ===== | Jack | | __________________________________________________ | Do You Yahoo!? | HotJobs - Search Thousands of New Jobs | http://www.hotjobs.com | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 20:46:19 -0400 Tom, Thanks for your thoughts on inst ownership. Re chart, I, too, thought it was a double-bottom, but with a handle. My HTMMIS notes (or maybe I've added to them fr. other sources) say that when the W does not have a handle, the pivot is .10 above the midpoint; but when there *is* a handle, the pivot is .10 above the high of the handle. That's how I got 42.19, since 42.09 was the high of the handle. Ann ----- Original Message ----- Sent: Thursday, August 15, 2002 6:50 PM : Ann, several comments, I already addressed "institutional ownership" in : another email just posted, but would add to that I have never seen a stock : with true institutional ownership of 91%, unless the float was a very small : percent of the total issue (and I would doubt it even then). Institutional : investors want liquidity even more than us retail investors. If I see this : ownership reported this high, I would immediately suspect wrong data, either : because of a split, new issue, duplicate counting, or some other cause. : Mutual fund ownership is high (DGO says 31% of the float of 18.6 million : shares), and nr of funds owning has been growing (reported at 143 for June : 02, up from 140 the prior qtr and 119 a year ago). So institutional : ownership is going to be high, but no where near 91%. : : Second, you don't mention the chart pattern that you see. What I get is a : double bottom, with the pivot occurring 7/29 as it passed 10 cents higher : than the mid point of the "W" at a price of 40.05. The more cautious might : have wanted to wait for 7/30 to see if it followed thru. Ironically, that : would have put you into the stock just in time to catch the nearly 8% : correction (good example of why this "M" suggests only buying a partial : position, if you insist on buying at all). : : As for the fraud lawsuit loss, I must assume any mental, emotional or : financial factors are already priced into the stock. The only issue it would : have for me is what, if anything, it tells me about the ethics or honestly : of management. DGO says Management owns 5% (vice Yahoo's 1%). : : ----- Original Message ----- : From: "Ann" : To: "CANSLIM Listserv" : Sent: Thursday, August 15, 2002 8:59 AM : Subject: [CANSLIM] UCBH : : : I am trying to do DD, using Yahoo. : : Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is now : at 42.40, which is well within the 2-3% limit that WON advises using (above : breakout) in this M. : : On 8/14, it hit a new 52-wk high (42.73). : : I was trying to do my due diligence, and came across some puzzling pieces of : info: : : Insiders only own 1%, whereas institutions own 91%. Is that worrisome? : : Also, they just lost a big fraud lawsuit! : : Sales growth is down, but less so thatn the rest of the industry. : EPS quarterly growth is up 28%; annual 23% (if I am doing this right!). : Pretax profit margin is 30%; after tax 18%. : : ROE is 20%. : : To me the company looks good, the industry is doing well. : : How significant is that court case? : : (I'm going for a walk. Hopefully I won't miss my big chance!) : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Fw: [CANSLIM] CECO Date: 15 Aug 2002 21:04:59 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00D4_01C2449F.6A58F9A0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable I guess it did break out today, but not with much vol. ----- Original Message -----=20 Sent: Tuesday, August 13, 2002 2:44 PM Hi Scott, No. The rule of undercutting the base is from the prior base *before* = the stock began it's 25%+ rise. In this case, imagine the V you see more = recently as part of the flat base which began 4/23. In other words, the = low you see on 7/22 never undercut the low of the previous base which = ran approx. Sept-Dec '01. Until the stock truly "fails" an area of = consolidation (and in this case it has not), you don't reset the base = count.* Another way to look at is, while the V you see in July is a = little scary, imagine what might've happened if the market had been = healthier at the time. Would CECO have continued to build the rest of = the flat base? Maybe. Would it have staged a break out with some oomph = behind it on 6/25? Maybe. What will happen next? Don't know. Could firm = up, finish the consolidation which began in April and break out for = good. OR....could fail from here. Can't tell until Mr. Market sings and = the price/volume tells the story. That's why it's imperative to wait for = a valid breakout before jumping in, it reduces the risk. I'll stick by my original assessment that what you see right now is an = odd base that began 4/23. Katherine * The idea behind "failing" an area of consolidation is that the gains = of the prior 25% advance have now been erased. That's why you look at = the low of the previous base for base count. ----- Original Message -----=20 From: Scott Gettis=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 13, 2002 1:29 PM Subject: [CANSLIM] CECO Katherine, Shouldn't the base count be reset on CECO since the b/o from a flat = base on 6/24 failed and the curent base undercuts the lows of the flat = base. --Scott -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 13, 2002 8:19 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I can tell my response wasn't clear. Let me try again with some = examples and articles. In general, it's important to distinguish between a "healthy rising = stock" and a "base." On one hand, you will have a stock, like CECO, = which has been rising over time. Each time is rises for a while, then it = pauses to consolidate. That pause is the "base." Each time the stock = reaches a new high and then consolidates, it will demonstrate its = ability to absorb the gains from the previous rise of >=3D25%. That = pattern that you see along the rising trend line is what you want to see = in a stock. The problem is, after the stock has done this 3 or 4 times, = it becomes well-known and obvious, and so it is rare that it can = continue tracing out this same rising behavior for too much longer. What = will normally happen is that the stock will often fail in the next = breakout and/or correct so deeply that it undercuts the low of the = previous base. That "resets the base count" and you then start over with = counting bases, assuming of course, that the stock *can* recover. WON = suggests that if the correction is more than 80% that the stock is too = badly damaged that it may not recover in any reasonable time period. = (IBM and WMT come to mind....look back at a 10 year chart of each of = them and notice what happened after they corrected so deeply. They = essentially went into years of sideways movement.) Sometimes a picture is worth a thousand words, so thought it easier = to write up some notes. See notes on the "Healthy Rising Stock" at: http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG Now, far different than the healthy rising stock is the *type* of = base that it forms while consolidating. There are many, though there are = some that are more common, more reliable, and far easier to spot than = others. I'd rank the ascending base as the most difficult to master. See = my handwritten notes on types of bases at: http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Just to be complete, I've also uploaded quite a few resources = related to both rising stocks (base counting) and ascending bases. I = figured it was far easier to do that than to reinvent the wheel and = describe the ascending base in detail. See them at: Counting bases: http://WallStreet-LLC.com/canslim/CountingBasesHowTo.doc http://WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG http://WallStreet-LLC.com/canslim/CountBasesB4Buy.JPG http://WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG Ascending bases: http://WallStreet-LLC.com/canslim/AscendingBaseRally.JPG http://WallStreet-LLC.com/canslim/FindAscendingBases.doc http://WallStreet-LLC.com/canslim/BuyPointABase.doc In summary, there is no such thing as a "long term ascending base" = as the concept confuses a healthy rising stock pattern over a longer = time period with the ascending base pattern, which is a particular kind = of consolidation (>=3D6wks).=20 CECO has been exhibiting the characteristics of a "healthy rising = stock" and is currently forming a 3rd stage base. CECO is *not* = currently forming an ascending base. It is forming a very strange base = on base (flat + C&H) as far as I can tell. I saw many odd patterns like = this at the September '01 low and many of the stocks were able to = recover from the V shaped sell off, breakout and move on. Many of the = retailers, the gaming stocks, homebuilders, security related stocks and = Aero & Defense come to mind. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 10:20 PM Subject: RE: [CANSLIM] XRAY and CECO Hi Katherine, I just opened my brand new copy of HTMMIS v 3 and found on P. = 137-138 the topic "Ascending Base". The definition is somewhat similar = to what you describe:- "Ascending Bases, like flat bases, occur midway = along a move up after a stock has broken out of a cup-with-handle or = double-bottom base. It has three pullbacks from 10% to 20% with each low = point during the sell-of in price being higher than the preceding, which = is why I call it and ascending base. Each of the pullbacks usually ocurs = due to the general market declining at that time." Looking at your annotated chart, it would seem CECO fits this = definition. It would also seem that the most recent pullback coincided = with the July selloff in the markets in agreement with the definition.=20 Maybe CECO is one to watch. Any other views? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Monday, August 12, 2002 3:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] XRAY and CECO HI Mike, I've noticed the term "long term ascending base" coming up in = many posts lately, so thought I'd make comment on that concept. There's actually no such thing, as "ascending base" is a very = particular kind of conolidation in the stock's move. In general, a stock = will rise, then pause (base), rise, then pause, rise, then pause, and so = on. As long as the rise between consolidations is at least 25%, the next = area of consolidation is considered a new stage base. This is also the = same reason that an LLUR is not a base....it's a stock on the rise, = though with low volatility. (Sorry, Tom, just a point on which we don't = agree.) The base normally happens when the stock makes a new high, then = falls and/or refuses to continue the up move for some period of time. A = flat base for example, moves essentially sideways for at least 5 wks, = the C&H or cup without handle lasts for at least 7 wks and sports a = deeper correction as the stock retraces some of the previous move, etc. = The ascending base is just an odd consolidation in that it drifts = upward, attempting to breakout 3 times. It's a subtle pattern that's = hard to read, but shouldn't be confused with a stock that is rising = *between* consolidations.=20 I've uploaded an example on the CECO chart that shows the base, = move up, base, move up, etc. http://WallStreet-LLC.com/canslim/CECO081202.jpg Please note that I marked the chart quickly, so the circled = areas for the base are "general" and not exact for each base formation. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 12, 2002 7:54 PM Subject: [CANSLIM] XRAY and CECO When I brought up XRAY last week, Winston observed that the = longer term pattern was more like an ascending base. To my surprize, the = XRAY breakout hasn't failed yet, although it hasn't been strong either, = and may be in the process of forming another handle. I came across another stock today with similar chart = characteristics to XRAY - now in the handle of a Cwh formation with good = CANSLIM characteristics = (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO) = except for v. high institutional ownership - but the longer term pattern = looks like an ascending base. The CwH pattern is not ideal with the cup too short and = V-shaped, which I attribute to the market behavior in July, but perhaps = its on its way to resuming the long term ascending base pattern.=20 Comments anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------=_NextPart_000_00D4_01C2449F.6A58F9A0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
I guess it did break out today, but not with much=20 vol.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Tuesday, August 13, 2002 2:44 PM
Subject: Re: [CANSLIM] CECO

Hi Scott,
 
No. The rule of undercutting the base is from the prior base = *before* the=20 stock began it's 25%+ rise. In this case, imagine the V you see more = recently as=20 part of the flat base which began 4/23. In other words, the low you see = on 7/22=20 never undercut the low of the previous base which ran approx. Sept-Dec = '01.=20 Until the stock truly "fails" an area of consolidation (and in this case = it has=20 not), you don't reset the base count.* Another way to look at is, while = the V=20 you see in July is a little scary, imagine what might've happened if the = market=20 had been healthier at the time. Would CECO have continued to build the = rest of=20 the flat base? Maybe. Would it have staged a break out with some oomph = behind it=20 on 6/25? Maybe. What will happen next? Don't know. Could firm up, finish = the=20 consolidation which began in April and break out for good. OR....could = fail from=20 here. Can't tell until Mr. Market sings and the price/volume tells the = story.=20 That's why it's imperative to wait for a valid breakout before jumping = in, it=20 reduces the risk.
 
I'll stick by my original assessment that what you see right now is = an=20 odd base that began 4/23.
 
Katherine
 
* The idea behind "failing" an area of consolidation is that the = gains of=20 the prior 25% advance have now been erased. That's why you look at the = low of=20 the previous base for base count.
----- Original Message -----
From:=20 Scott = Gettis=20
Sent: Tuesday, August 13, 2002 = 1:29=20 PM
Subject: [CANSLIM] CECO

Katherine,
 
Shouldn't the base count be reset on CECO = since the=20 b/o from a flat base on 6/24 failed and the curent base undercuts the = lows of=20 the flat base.
 
--Scott
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Tuesday, August 13, 2002 8:19 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY and = CECO

HI = Mike,

 

I can tell my = response wasn't=20 clear. Let me try again with some examples and = articles.

 

In general, it's = important to=20 distinguish between a "healthy rising stock" and a "base." On one = hand, you=20 will have a stock, like CECO, which has been rising over time. = Each=20 time is rises for a while, then it pauses to consolidate. That pause = is the=20 "base." Each time the stock reaches a new high and then = consolidates, it=20 will demonstrate its ability to absorb the gains from the previous = rise of=20 >=3D25%. That pattern that you see along the rising trend line is = what you=20 want to see in a stock. The problem is, after the stock has done = this 3 or 4=20 times, it becomes well-known and obvious, and so it is rare that it = can=20 continue tracing out this same rising behavior for too much longer. = What=20 will normally happen is that the stock will often fail in the next = breakout=20 and/or correct so deeply that it undercuts the low of the previous = base.=20 That "resets the base count" and you then start over with counting = bases,=20 assuming of course, that the stock *can* recover. WON suggests that = if the=20 correction is more than 80% that the stock is too badly damaged that = it may=20 not recover in any reasonable time period. (IBM and WMT come to = mind....look=20 back at a 10 year chart of each of them and notice what happened = after they=20 corrected so deeply. They essentially went into years of sideways=20 movement.)

 

Sometimes a picture = is worth a=20 thousand words, so thought it easier to write up some notes. See = notes on=20 the "Healthy Rising Stock" at:

http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG

 

Now, far different = than the=20 healthy rising stock is the *type* of base that it forms while=20 consolidating. There are many, though there are some that are more = common,=20 more reliable, and far easier to spot than others. I'd rank the = ascending=20 base as the most difficult to master. See my handwritten notes on = types of=20 bases at:

http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG

 

Just to be complete, = I've also=20 uploaded quite a few resources related to both rising stocks (base=20 counting) and ascending bases. I figured it was far easier to = do that=20 than to reinvent the wheel and describe the ascending base in = detail. See=20 them at:

 

Counting=20 bases:

http://= WallStreet-LLC.com/canslim/CountingBasesHowTo.doc

http:/= /WallStreet-LLC.com/canslim/DeepCorrResetBCount.JPG

=

http://Wal= lStreet-LLC.com/canslim/CountBasesB4Buy.JPG

http://= WallStreet-LLC.com/canslim/MktWashoutNewBases.JPG

 

Ascending = bases:

http://= WallStreet-LLC.com/canslim/AscendingBaseRally.JPG

http://= WallStreet-LLC.com/canslim/FindAscendingBases.doc

http://WallS= treet-LLC.com/canslim/BuyPointABase.doc

 

In summary, there is = no such=20 thing as a "long term ascending base" as the concept confuses a = healthy=20 rising stock pattern over a longer time period with the = ascending=20 base pattern, which is a particular kind of consolidation=20 (>=3D6wks). 

 

CECO has been = exhibiting the=20 characteristics of a "healthy rising stock" and is currently forming = a 3rd=20 stage base. CECO is *not* currently forming an ascending base. = It is=20 forming a very strange base on base (flat + C&H) as far as I can = tell. I=20 saw many odd patterns like this at the September '01 low and = many of=20 the stocks were able to recover from the V shaped sell off, breakout = and=20 move on. Many of the retailers, the gaming stocks, homebuilders, = security=20 related stocks and Aero & Defense come to mind.

 

Katherine

 

 

----- Original Message ----- =
From:=20 Mike Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August 12, = 2002 10:20=20 PM
Subject: RE: [CANSLIM] XRAY = and=20 CECO

Hi Katherine,
 
I just opened my brand new copy of HTMMIS v 3 and found = on P.=20 137-138 the topic "Ascending Base". The definition is somewhat = similar to=20 what you describe:- "Ascending Bases, like flat bases, occur = midway along=20 a move up after a stock has broken out of a cup-with-handle or=20 double-bottom base. It has three pullbacks from 10% to 20% with = each low=20 point during the sell-of in price being higher than the preceding, = which=20 is why I call it and ascending base. Each of the pullbacks usually = ocurs=20 due to the general market declining at that = time."
 
Looking at your annotated chart, it would seem CECO fits = this=20 definition. It would also seem that the most recent pullback = coincided=20 with the July selloff in the markets in agreement with the = definition.=20
 
Maybe CECO is one to watch. Any other = views?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Monday, August 12, 2002 3:52 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] XRAY = and=20 CECO

HI Mike,
 
I've noticed the term "long term ascending base" coming up = in many=20 posts lately, so thought I'd make comment on that concept.
 
There's actually no such thing, as "ascending base" is a = very=20 particular kind of conolidation in the stock's move. In general, = a stock=20 will rise, then pause (base), rise, then pause, rise, then = pause, and so=20 on. As long as the rise between consolidations is at least 25%, = the next=20 area of consolidation is considered a new stage base. This is = also the=20 same reason that an LLUR is not a base....it's a stock on the = rise,=20 though with low volatility. (Sorry, Tom, just a point on which = we don't=20 agree.)
 
The base normally happens when the stock makes a new high, = then=20 falls and/or refuses to continue the up = move for some=20 period of time. A flat base for example, moves essentially = sideways for=20 at least 5 wks, the C&H or cup without handle lasts for at = least 7=20 wks and sports a deeper correction as the stock retraces some of = the=20 previous move, etc. The ascending base is just an odd = consolidation in=20 that it drifts upward, attempting to breakout 3 times. It's a = subtle=20 pattern that's hard to read, but shouldn't be confused with a = stock that=20 is rising *between* consolidations.
 
I've uploaded an example on the CECO chart that shows the = base,=20 move up, base, move up, etc.
http://WallStre= et-LLC.com/canslim/CECO081202.jpg
 
Please note that I marked the chart quickly, so the circled = areas=20 for the base are "general" and not exact for each base = formation.
 
Katherine
----- Original Message ----- =
From:=20 Mike=20 Gibbons
To: canslim@lists.xmission.com= =20
Sent: Monday, August = 12, 2002=20 7:54 PM
Subject: [CANSLIM] XRAY = and=20 CECO

When I brought up XRAY last week, = Winston=20 observed that the longer term pattern was more like an = ascending base.=20 To my surprize, the XRAY breakout hasn't failed yet, although = it=20 hasn't been strong either, and may be in the process of = forming=20 another handle.
 
I came across another stock today = with=20 similar chart characteristics to XRAY - now in the handle of a = Cwh=20 formation with good CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO)=20 except for v. high institutional ownership - but the = longer term=20 pattern looks like an ascending base.
 
The CwH pattern is not ideal with = the cup too=20 short and V-shaped, which I attribute to the market behavior = in July,=20 but perhaps its on its way to resuming the long term ascending = base=20 pattern.
 
Comments = anyone?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
=
 
------=_NextPart_000_00D4_01C2449F.6A58F9A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] hummmm??? Date: 15 Aug 2002 21:10:06 -0400 Well, we now have higher highs as well as higher lows in the DOW 30, NYSE Composite, and S&P500. Naz 100, Composite, and R2000 still have not delivered this, but still hold out possibilities if we get one or two more good days. Big caps, and some mid caps, seem to be ruling the markets these days. DJ Utilities, NYSE Financial, and S&P 400 Midcap have also given us higher highs and lows. DJ Transportation and S&P 600 have not. Curious if any members have done any examination of this being accomplished on light volume. Is this just the summer doldrums causing light volume, fear factor holding everyone back, or just a sucker rally waiting for the short traders to take charge again? Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Fw: [CANSLIM] UCBH Date: 15 Aug 2002 21:12:08 -0400 I see now, what you mean about breaking out w/o a handle--on 7/29. ----- Original Message ----- Sent: Thursday, August 15, 2002 8:46 PM : Tom, : : Thanks for your thoughts on inst ownership. : : Re chart, I, too, thought it was a double-bottom, but with a handle. My : HTMMIS notes (or maybe I've added to them fr. other sources) say that when : the W does not have a handle, the pivot is .10 above the midpoint; but when : there *is* a handle, the pivot is .10 above the high of the handle. : That's how I got 42.19, since 42.09 was the high of the handle. : : Ann : : ----- Original Message ----- : From: "Tom Worley" : To: : Sent: Thursday, August 15, 2002 6:50 PM : Subject: Re: [CANSLIM] UCBH : : : : Ann, several comments, I already addressed "institutional ownership" in : : another email just posted, but would add to that I have never seen a stock : : with true institutional ownership of 91%, unless the float was a very : small : : percent of the total issue (and I would doubt it even then). Institutional : : investors want liquidity even more than us retail investors. If I see this : : ownership reported this high, I would immediately suspect wrong data, : either : : because of a split, new issue, duplicate counting, or some other cause. : : Mutual fund ownership is high (DGO says 31% of the float of 18.6 million : : shares), and nr of funds owning has been growing (reported at 143 for June : : 02, up from 140 the prior qtr and 119 a year ago). So institutional : : ownership is going to be high, but no where near 91%. : : : : Second, you don't mention the chart pattern that you see. What I get is a : : double bottom, with the pivot occurring 7/29 as it passed 10 cents higher : : than the mid point of the "W" at a price of 40.05. The more cautious might : : have wanted to wait for 7/30 to see if it followed thru. Ironically, that : : would have put you into the stock just in time to catch the nearly 8% : : correction (good example of why this "M" suggests only buying a partial : : position, if you insist on buying at all). : : : : As for the fraud lawsuit loss, I must assume any mental, emotional or : : financial factors are already priced into the stock. The only issue it : would : : have for me is what, if anything, it tells me about the ethics or honestly : : of management. DGO says Management owns 5% (vice Yahoo's 1%). : : : : ----- Original Message ----- : : From: "Ann" : : To: "CANSLIM Listserv" : : Sent: Thursday, August 15, 2002 8:59 AM : : Subject: [CANSLIM] UCBH : : : : : : I am trying to do DD, using Yahoo. : : : : Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is : now : : at 42.40, which is well within the 2-3% limit that WON advises using : (above : : breakout) in this M. : : : : On 8/14, it hit a new 52-wk high (42.73). : : : : I was trying to do my due diligence, and came across some puzzling pieces : of : : info: : : : : Insiders only own 1%, whereas institutions own 91%. Is that worrisome? : : : : Also, they just lost a big fraud lawsuit! : : : : Sales growth is down, but less so thatn the rest of the industry. : : EPS quarterly growth is up 28%; annual 23% (if I am doing this right!). : : Pretax profit margin is 30%; after tax 18%. : : : : ROE is 20%. : : : : To me the company looks good, the industry is doing well. : : : : How significant is that court case? : : : : (I'm going for a walk. Hopefully I won't miss my big chance!) : : : : Ann : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : : : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 21:15:23 -0400 Ann, I agree if the handle somehow was forming below the midpoint. But since the midpoint was reached first, I go with using that as the trigger point. If a handle then forms higher, and I bought using the midpoint, I reevaluate the position to see if I want to continue holding thru a handle forming period or just take a short term profit. A lot of that decision then depends on the state of "M", and whether the handle is a sideways moving one (I usually would hold) or begins to decline back towards the mid point. In other words, looking back historically, it's easy to see that a handle formed (if you accept its steep decline, or just blame its steepness on "M"). But if you were watching it at the time, then the pivot using a centerpoint of the "W" was reached first, and would have triggered a buy. ----- Original Message ----- Sent: Thursday, August 15, 2002 8:46 PM Tom, Thanks for your thoughts on inst ownership. Re chart, I, too, thought it was a double-bottom, but with a handle. My HTMMIS notes (or maybe I've added to them fr. other sources) say that when the W does not have a handle, the pivot is .10 above the midpoint; but when there *is* a handle, the pivot is .10 above the high of the handle. That's how I got 42.19, since 42.09 was the high of the handle. Ann ----- Original Message ----- Sent: Thursday, August 15, 2002 6:50 PM : Ann, several comments, I already addressed "institutional ownership" in : another email just posted, but would add to that I have never seen a stock : with true institutional ownership of 91%, unless the float was a very small : percent of the total issue (and I would doubt it even then). Institutional : investors want liquidity even more than us retail investors. If I see this : ownership reported this high, I would immediately suspect wrong data, either : because of a split, new issue, duplicate counting, or some other cause. : Mutual fund ownership is high (DGO says 31% of the float of 18.6 million : shares), and nr of funds owning has been growing (reported at 143 for June : 02, up from 140 the prior qtr and 119 a year ago). So institutional : ownership is going to be high, but no where near 91%. : : Second, you don't mention the chart pattern that you see. What I get is a : double bottom, with the pivot occurring 7/29 as it passed 10 cents higher : than the mid point of the "W" at a price of 40.05. The more cautious might : have wanted to wait for 7/30 to see if it followed thru. Ironically, that : would have put you into the stock just in time to catch the nearly 8% : correction (good example of why this "M" suggests only buying a partial : position, if you insist on buying at all). : : As for the fraud lawsuit loss, I must assume any mental, emotional or : financial factors are already priced into the stock. The only issue it would : have for me is what, if anything, it tells me about the ethics or honestly : of management. DGO says Management owns 5% (vice Yahoo's 1%). : : ----- Original Message ----- : From: "Ann" : To: "CANSLIM Listserv" : Sent: Thursday, August 15, 2002 8:59 AM : Subject: [CANSLIM] UCBH : : : I am trying to do DD, using Yahoo. : : Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is now : at 42.40, which is well within the 2-3% limit that WON advises using (above : breakout) in this M. : : On 8/14, it hit a new 52-wk high (42.73). : : I was trying to do my due diligence, and came across some puzzling pieces of : info: : : Insiders only own 1%, whereas institutions own 91%. Is that worrisome? : : Also, they just lost a big fraud lawsuit! : : Sales growth is down, but less so thatn the rest of the industry. : EPS quarterly growth is up 28%; annual 23% (if I am doing this right!). : Pretax profit margin is 30%; after tax 18%. : : ROE is 20%. : : To me the company looks good, the industry is doing well. : : How significant is that court case? : : (I'm going for a walk. Hopefully I won't miss my big chance!) : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 21:17:08 -0400 I see. Thank you. ----- Original Message ----- Sent: Thursday, August 15, 2002 9:15 PM : Ann, I agree if the handle somehow was forming below the midpoint. But since : the midpoint was reached first, I go with using that as the trigger point. : If a handle then forms higher, and I bought using the midpoint, I reevaluate : the position to see if I want to continue holding thru a handle forming : period or just take a short term profit. A lot of that decision then depends : on the state of "M", and whether the handle is a sideways moving one (I : usually would hold) or begins to decline back towards the mid point. : : In other words, looking back historically, it's easy to see that a handle : formed (if you accept its steep decline, or just blame its steepness on : "M"). But if you were watching it at the time, then the pivot using a : centerpoint of the "W" was reached first, and would have triggered a buy. : : ----- Original Message ----- : From: "Ann" : To: : Sent: Thursday, August 15, 2002 8:46 PM : Subject: Re: [CANSLIM] UCBH : : : Tom, : : Thanks for your thoughts on inst ownership. : : Re chart, I, too, thought it was a double-bottom, but with a handle. My : HTMMIS notes (or maybe I've added to them fr. other sources) say that when : the W does not have a handle, the pivot is .10 above the midpoint; but when : there *is* a handle, the pivot is .10 above the high of the handle. : That's how I got 42.19, since 42.09 was the high of the handle. : : Ann : : ----- Original Message ----- : From: "Tom Worley" : To: : Sent: Thursday, August 15, 2002 6:50 PM : Subject: Re: [CANSLIM] UCBH : : : : Ann, several comments, I already addressed "institutional ownership" in : : another email just posted, but would add to that I have never seen a stock : : with true institutional ownership of 91%, unless the float was a very : small : : percent of the total issue (and I would doubt it even then). Institutional : : investors want liquidity even more than us retail investors. If I see this : : ownership reported this high, I would immediately suspect wrong data, : either : : because of a split, new issue, duplicate counting, or some other cause. : : Mutual fund ownership is high (DGO says 31% of the float of 18.6 million : : shares), and nr of funds owning has been growing (reported at 143 for June : : 02, up from 140 the prior qtr and 119 a year ago). So institutional : : ownership is going to be high, but no where near 91%. : : : : Second, you don't mention the chart pattern that you see. What I get is a : : double bottom, with the pivot occurring 7/29 as it passed 10 cents higher : : than the mid point of the "W" at a price of 40.05. The more cautious might : : have wanted to wait for 7/30 to see if it followed thru. Ironically, that : : would have put you into the stock just in time to catch the nearly 8% : : correction (good example of why this "M" suggests only buying a partial : : position, if you insist on buying at all). : : : : As for the fraud lawsuit loss, I must assume any mental, emotional or : : financial factors are already priced into the stock. The only issue it : would : : have for me is what, if anything, it tells me about the ethics or honestly : : of management. DGO says Management owns 5% (vice Yahoo's 1%). : : : : ----- Original Message ----- : : From: "Ann" : : To: "CANSLIM Listserv" : : Sent: Thursday, August 15, 2002 8:59 AM : : Subject: [CANSLIM] UCBH : : : : : : I am trying to do DD, using Yahoo. : : : : Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is : now : : at 42.40, which is well within the 2-3% limit that WON advises using : (above : : breakout) in this M. : : : : On 8/14, it hit a new 52-wk high (42.73). : : : : I was trying to do my due diligence, and came across some puzzling pieces : of : : info: : : : : Insiders only own 1%, whereas institutions own 91%. Is that worrisome? : : : : Also, they just lost a big fraud lawsuit! : : : : Sales growth is down, but less so thatn the rest of the industry. : : EPS quarterly growth is up 28%; annual 23% (if I am doing this right!). : : Pretax profit margin is 30%; after tax 18%. : : : : ROE is 20%. : : : : To me the company looks good, the industry is doing well. : : : : How significant is that court case? : : : : (I'm going for a walk. Hopefully I won't miss my big chance!) : : : : Ann : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : : : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CSTR upward wedging handle Date: 15 Aug 2002 20:38:28 -0500 Tom, i am curious why you prefer a straight or wedging handle over a downward drifting handle. thank you for your answer. david ----- Original Message ----- Sent: Wednesday, August 14, 2002 11:54 PM > John, personally I prefer a wedging handle like this to a declining one > (which WON prefers). I note it did something similar with the c&h formed > from early Sept '01 to early Jan '02. > > Nice pick, with very nice earnings forecasts > > ----- Original Message ----- > From: "John Calkins" > To: > Sent: Thursday, August 15, 2002 12:34 AM > Subject: [CANSLIM] CSTR upward wedging handle > > > Hay you guys! Get a handle on this one for me. > > Coinstar (CSTR) turned up as a cup with handle. Does there need to be a > downward slant to the bottom lows in the handle to make a better handle? I > see that the upper daily prices are slanting downward, but the lower daily > prices creates a bit of a wedging pattern, any thought on this? Also I > don't really see much of a dry up in volume in the bottom of the ups base. > > (JC) > > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Wednesday, August 14, 2002 9:19 PM > Subject: Re: [CANSLIM] Mandatory CEO/CFO certifications deadline > > > > Hi Tom, > > > > Not sure where the discrepancies coming from, but Briefing.com was > tracking > > the progress on this all day. Here is the day's final report: > > > > 20:19 ET The final 6 > > We count only 6 companies that did not appear to make the deadline > for > > certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, SON, > > and ALK were removed from this list). We would caution against > overreacting > > to this list, as it is possible that certifications did arrive at the SEC > > but did not get filed at this time, or that the companies might have asked > > for a 5 day extension. > > > > > > Note that they were counting only non-bankrupt companies. > > > > Katherine > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: "CANSLIM" > > Sent: Wednesday, August 14, 2002 11:12 PM > > Subject: [CANSLIM] Mandatory CEO/CFO certifications deadline > > > > > > | The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for > > | interesting reading tonight, for what is not there. While there are > about > > | 200 companies whose fiscal year means they did not have to report by > this > > | evening, the website still shows (updated at 10 PM) a lot of big names > > that > > | were expected to report by now, and haven't. I am not even thru the > "A"s > > | yet, and already see Abbot Labs and AOL, among others. > > | > > | A lot of energy companies still haven't reported, probably the next > > industry > > | sector to get racked by scandals, restatements, etc. (like it hasn't > > | already, but could get worse). > > | > > | Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar > (in > > | the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola > (also > > in > > | the DOW). General Dynamics pops up in the "G"s, and has good company > with > > GM > > | (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have > > the > > | stomach to keep reading. Knew I should have stopped, IBM pops up in the > > "I"s > > | (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally > > round > > | out the list. > > | > > | I just hope a lot of these "blue chip", reputable companies just filed > too > > | late to have it show on the site, but a 10 PM update seems late enough > to > > | pick up anyone filing by the 5:30 deadline. Any hope the SEC got their > > | deadlines wrong? Maybe they "just forgot"?? If the non-filers are > punished > > | tomorrow for not filing, it looks to be pretty bloody. Anyone trying to > > | understand an otherwise inexplicable drop tomorrow in a particular stock > > may > > | want to check on the filing status. I found that right clicking on the > > list > > | allowed me to export it to Excel, where I could sort on the deadline and > > | next columns, and find the non filers quite easily for review. > > | > > | In all, 238 companies (including, of course the "no surprise" no shows > > like > > | Enron and Conseco and Worldcom and Qwest and US Airways) that were > > expected > > | to file by today still do not show on the SEC list. > > | > > | Tom Worley > > | stkguru@bellsouth.net > > | AIM: TexWorley > > | > > | > > | > > | - > > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > > | -In the email body, write "subscribe canslim" or > > | -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR upward wedging handle Date: 15 Aug 2002 21:34:28 -0400 just always have. if you have a level handle, then the high point of the handle is clear, and buying just over that when volume kicks in is usually not that much higher than the average price of the handle itself. When the handle declines in price, and you have to wait for the high point to be exceeded, I (being a cheapskate and greedy both) tend to look back and say "well, if I had bought just as the handle's decline reversed and bought there, I would own it so much cheaper". I don't have this temptation in a flat handle. ----- Original Message ----- Sent: Thursday, August 15, 2002 9:38 PM Tom, i am curious why you prefer a straight or wedging handle over a downward drifting handle. thank you for your answer. david ----- Original Message ----- Sent: Wednesday, August 14, 2002 11:54 PM > John, personally I prefer a wedging handle like this to a declining one > (which WON prefers). I note it did something similar with the c&h formed > from early Sept '01 to early Jan '02. > > Nice pick, with very nice earnings forecasts > > ----- Original Message ----- > From: "John Calkins" > To: > Sent: Thursday, August 15, 2002 12:34 AM > Subject: [CANSLIM] CSTR upward wedging handle > > > Hay you guys! Get a handle on this one for me. > > Coinstar (CSTR) turned up as a cup with handle. Does there need to be a > downward slant to the bottom lows in the handle to make a better handle? I > see that the upper daily prices are slanting downward, but the lower daily > prices creates a bit of a wedging pattern, any thought on this? Also I > don't really see much of a dry up in volume in the bottom of the ups base. > > (JC) > > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Wednesday, August 14, 2002 9:19 PM > Subject: Re: [CANSLIM] Mandatory CEO/CFO certifications deadline > > > > Hi Tom, > > > > Not sure where the discrepancies coming from, but Briefing.com was > tracking > > the progress on this all day. Here is the day's final report: > > > > 20:19 ET The final 6 > > We count only 6 companies that did not appear to make the deadline > for > > certifying results: RKY, GMST, HUBG, BPOP, PRU, and ZION (USAI, SRP, SON, > > and ALK were removed from this list). We would caution against > overreacting > > to this list, as it is possible that certifications did arrive at the SEC > > but did not get filed at this time, or that the companies might have asked > > for a 5 day extension. > > > > > > Note that they were counting only non-bankrupt companies. > > > > Katherine > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: "CANSLIM" > > Sent: Wednesday, August 14, 2002 11:12 PM > > Subject: [CANSLIM] Mandatory CEO/CFO certifications deadline > > > > > > | The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for > > | interesting reading tonight, for what is not there. While there are > about > > | 200 companies whose fiscal year means they did not have to report by > this > > | evening, the website still shows (updated at 10 PM) a lot of big names > > that > > | were expected to report by now, and haven't. I am not even thru the > "A"s > > | yet, and already see Abbot Labs and AOL, among others. > > | > > | A lot of energy companies still haven't reported, probably the next > > industry > > | sector to get racked by scandals, restatements, etc. (like it hasn't > > | already, but could get worse). > > | > > | Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar > (in > > | the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola > (also > > in > > | the DOW). General Dynamics pops up in the "G"s, and has good company > with > > GM > > | (3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have > > the > > | stomach to keep reading. Knew I should have stopped, IBM pops up in the > > "I"s > > | (4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally > > round > > | out the list. > > | > > | I just hope a lot of these "blue chip", reputable companies just filed > too > > | late to have it show on the site, but a 10 PM update seems late enough > to > > | pick up anyone filing by the 5:30 deadline. Any hope the SEC got their > > | deadlines wrong? Maybe they "just forgot"?? If the non-filers are > punished > > | tomorrow for not filing, it looks to be pretty bloody. Anyone trying to > > | understand an otherwise inexplicable drop tomorrow in a particular stock > > may > > | want to check on the filing status. I found that right clicking on the > > list > > | allowed me to export it to Excel, where I could sort on the deadline and > > | next columns, and find the non filers quite easily for review. > > | > > | In all, 238 companies (including, of course the "no surprise" no shows > > like > > | Enron and Conseco and Worldcom and Qwest and US Airways) that were > > expected > > | to file by today still do not show on the SEC list. > > | > > | Tom Worley > > | stkguru@bellsouth.net > > | AIM: TexWorley > > | > > | > > | > > | - > > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > > | -In the email body, write "subscribe canslim" or > > | -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] hummmm??? Date: 15 Aug 2002 21:54:53 -0400 Tom: All of the above? Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 15, 2002 9:10 PM Well, we now have higher highs as well as higher lows in the DOW 30, NYSE Composite, and S&P500. Naz 100, Composite, and R2000 still have not delivered this, but still hold out possibilities if we get one or two more good days. Big caps, and some mid caps, seem to be ruling the markets these days. DJ Utilities, NYSE Financial, and S&P 400 Midcap have also given us higher highs and lows. DJ Transportation and S&P 600 have not. Curious if any members have done any examination of this being accomplished on light volume. Is this just the summer doldrums causing light volume, fear factor holding everyone back, or just a sucker rally waiting for the short traders to take charge again? Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] hummmm??? Date: 15 Aug 2002 21:55:34 -0400 I am trying to convince me the last one doesn't apply, but probably just wishful thinking on my part. I wish volume would kick in, trying to find an excuse to get bullish again besides DOCC ----- Original Message ----- Sent: Thursday, August 15, 2002 9:54 PM Tom: All of the above? Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 15, 2002 9:10 PM Well, we now have higher highs as well as higher lows in the DOW 30, NYSE Composite, and S&P500. Naz 100, Composite, and R2000 still have not delivered this, but still hold out possibilities if we get one or two more good days. Big caps, and some mid caps, seem to be ruling the markets these days. DJ Utilities, NYSE Financial, and S&P 400 Midcap have also given us higher highs and lows. DJ Transportation and S&P 600 have not. Curious if any members have done any examination of this being accomplished on light volume. Is this just the summer doldrums causing light volume, fear factor holding everyone back, or just a sucker rally waiting for the short traders to take charge again? Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] Market turning UP Date: 15 Aug 2002 22:06:18 EDT --part1_106.16ada552.2a8db81a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom: This is a bit off subject but I am sending it anyway so you can feel bullish again. Today, the NYSE Bullish Indicator shows that 36% of stocks on the NYSE are signaling buy, with Bull Confirmed. The NASDAQ 100 Bullish Indicator is now at 38% with Bull Confirmed, and the S&P 500 Bullish Indicator is at 44% with a Bull Alert. Granted, this may be a correction within a bear market, but for the short term it looks pretty good. (I suspect it will crash tomorrow after I have set myself up, but remember Tom, I am doing this for you.) Charley --part1_106.16ada552.2a8db81a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom: This is a bit off subject but I am sending it anyway so you can feel bullish again.
Today, the NYSE Bullish Indicator shows that 36% of stocks on the NYSE are signaling buy, with Bull Confirmed. The NASDAQ 100 Bullish Indicator is now at 38% with Bull Confirmed, and the S&P 500 Bullish Indicator is at 44% with a Bull Alert.
Granted, this may be a correction within a bear market, but for the short term it looks pretty good. (I suspect it will crash tomorrow after I have set myself up, but remember Tom, I am doing this for you.)

Charley --part1_106.16ada552.2a8db81a_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Market turning UP Date: 15 Aug 2002 22:12:15 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_01A0_01C244A8.D05178F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable NO, NO Charley, I want bearish sentiment!!!! I want to be the only one = that feels bullish ----- Original Message -----=20 Sent: Thursday, August 15, 2002 10:06 PM Tom: This is a bit off subject but I am sending it anyway so you can = feel bullish again.=20 Today, the NYSE Bullish Indicator shows that 36% of stocks on the NYSE = are signaling buy, with Bull Confirmed. The NASDAQ 100 Bullish Indicator = is now at 38% with Bull Confirmed, and the S&P 500 Bullish Indicator is = at 44% with a Bull Alert.=20 Granted, this may be a correction within a bear market, but for the = short term it looks pretty good. (I suspect it will crash tomorrow after = I have set myself up, but remember Tom, I am doing this for you.)=20 Charley=20 ------=_NextPart_000_01A0_01C244A8.D05178F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
NO, NO Charley, I want bearish sentiment!!!! I = want to be=20 the only one that feels bullish
 
----- Original Message -----=20
From: Chazmoore@aol.com=20
Sent: Thursday, August 15, 2002 10:06 PM
Subject: [CANSLIM] Market turning UP

Tom: This is = a bit off=20 subject but I am sending it anyway so you can feel bullish again. =
Today, the=20 NYSE Bullish Indicator shows that 36% of stocks on the NYSE are = signaling buy,=20 with Bull Confirmed. The NASDAQ 100 Bullish Indicator is now at 38% with = Bull=20 Confirmed, and the S&P 500 Bullish Indicator is at 44% with a Bull = Alert.=20
Granted, this may be a correction within a bear market, but for the = short=20 term it looks pretty good. (I suspect it will crash tomorrow after I = have set=20 myself up, but remember Tom, I am doing this for you.) =

Charley=20 ------=_NextPart_000_01A0_01C244A8.D05178F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Market turning UP Date: 15 Aug 2002 22:15:54 EDT --part1_165.11da0a50.2a8dba5a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom: When the market craters tomorrow everyone will turn back to bears. Charley --part1_165.11da0a50.2a8dba5a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom: When the market craters tomorrow everyone will turn back to bears. Charley --part1_165.11da0a50.2a8dba5a_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] CSTR Date: 15 Aug 2002 22:55:26 -0400 From an article by David Saito-Chung, ibd: Consumer-oriented shares also led the market higher. Coinstar (CSTR) raced up 2.51 to 32.94, jumping out of a 16-week cup with short handle on nearly triple usual volume. Despite the big move, the maker of machines that trade change for dollar bills is still 5% off its high of 34.98. The stock may pull back on light trade to possibly form another handle, offering another buy point. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Inst Ownership Date: 15 Aug 2002 22:50:01 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0444_01C244AE.166FA910 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0445_01C244AE.166FA910" ------=_NextPart_001_0445_01C244AE.166FA910 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, I agree with you... unfortunately.... DGO/IBD only counts mutual = funds ! This explains the difference between DGO and other data sources. = DGO doesn't count them all. Here's what they said (today): "When you say "count" we count the amount of shares of the floating = supply of stock that Mutual Funds own as registered with the NYSE and = NASDAQ exchanges."=20 regards, Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 5:39 PM Subject: Re: [CANSLIM] UCBH Institutional ownership includes, in addition to mutual funds, pension = funds, insurance companies, some banks (buying for their own account), = venture capital funds, etc. There are also some individual investors = that usually get counted, a certain Saudi Arabian prince comes to mind, = who will buy $50 to $250 million worth of stock at a time, easily the = size of a mutual fund order. A bank is not always an "institutional investor" (unless buying for = its own account) as it is often used as custodian, or even agent, for = other institutional accounts as well as many retail accounts. My = employer is a bank, and also custodian for its securities clients. As = such, its collective holdings of some securities would easily be large = enough to count as "institutional" in size, yet they are not because the = end owner is a retail client of the bank, often making his or her own = investment decisions. WON does not count bank holdings for this reason, as it is difficult = to distinguish bank holdings as "proxy owner" from own holdings, same as = a broker dealer holding in street name for its clients. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:25 AM Subject: Re: [CANSLIM] UCBH Ann, my data source shows growth at 18, not too shabby for a bank... Charley... I'm awaiting a definitive answer from IBD on institutional = ownership. I've asked them what they count and what they don't count = because of the significant differences in the 'numbers' from different = data suppliers. My second question to them is 'why aren't banks and = pension funds, etc. counted in their numbers.=20 In the Q&A below, IBD switches between calling it institutional = ownership and mutual funds... if a bank isn't an institution why doesn't = IBD just call it funds?=20 What is a level of institutional ownership you consider when = buying a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising?=20 =20 Answer=20 It is hard to tell how much institutional ownership is too = much. Therefore, you should place less weight on this factor. Rather, = focus on the quality of ownership. You want to see at least a few of the = better performing mutual funds owning the stock you are considering = buying. In some cases, however, if too many shares are owned by = institutional investors, this could be bad. That's because it represents = large potential selling if anything goes wrong with the company or the = general market. =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 8:58 AM Subject: Re: [CANSLIM] UCBH Ann: I will give you my thoughts to get you started.=20 Fundamentally, the stock looks sound. You say they lost a fraud suit = but for the time being the market has not reacted negatively. You didn't = say when, but if it wasn't yesterday, I wouldn't put much weight on it. = The market tends to respond very quickly to negative news.=20 You didn't state your investment goals, but in my opinion this is = not a growth stock. For one thing if institutions own 91% now, there = simply isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 The real positive for this stock is the Group RS rating, and the = Price RS.=20 The negative is the very weak market.=20 Charley ------=_NextPart_001_0445_01C244AE.166FA910 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom, I agree with you... = unfortunately....=20 DGO/IBD only counts mutual funds ! This explains the difference between = DGO and=20 other data sources. DGO doesn't count them all.
 
Here's what they said = (today):
 
"When you say "count" we count the amount of shares of the floating = supply=20 of stock that Mutual Funds own as registered with the NYSE and NASDAQ=20 exchanges."
 
regards,
Gene
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Thursday, August 15, 2002 = 5:39=20 PM
Subject: Re: [CANSLIM] = UCBH

Institutional ownership includes, in addition = to mutual=20 funds, pension funds, insurance companies, some banks (buying for = their own=20 account), venture capital funds, etc.  There are also some = individual=20 investors that usually get counted, a certain Saudi Arabian prince = comes to=20 mind, who will buy $50 to $250 million worth of stock at a time, = easily the=20 size of a mutual fund order.
 
A bank is not always an "institutional = investor" (unless=20 buying for its own account) as it is often used as custodian, or even = agent,=20 for other institutional accounts as well as many retail accounts. My = employer=20 is a bank, and also custodian for its securities clients. As such, its = collective holdings of some securities would easily be large enough to = count=20 as "institutional" in size, yet they are not because the end owner is = a retail=20 client of the bank, often making his or her own investment=20 decisions.
 
WON does not count bank holdings for this = reason, as it=20 is difficult to distinguish bank holdings as "proxy owner" from own = holdings,=20 same as a broker dealer holding in street name for its = clients.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Thursday, August 15, 2002 11:25 AM
Subject: Re: [CANSLIM] UCBH

Ann, my data source shows growth at = 18, not=20 too shabby for a bank...
 
Charley... I'm awaiting a definitive = answer=20 from IBD on institutional ownership. I've asked them what they count = and what=20 they don't count because of the significant differences in the = 'numbers' from=20 different data suppliers.  My second question to them is = 'why aren't=20 banks and pension funds, etc. counted in their numbers.
 
In the Q&A below, IBD switches = between=20 calling it institutional ownership and mutual funds... if a bank isn't = an=20 institution why doesn't IBD just call it funds?
 
 
What is a level of institutional ownership = you=20 consider when buying a stock? If too many shares are already = owned by=20 institutional investors, can that hurt a stock's chances of=20 rising?
3D""=20
  Answer
  It is hard to tell how much institutional = ownership=20 is too much. Therefore, you should place less weight on this = factor.=20 Rather, focus on the quality of ownership. You want to see at = least a=20 few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many shares = are owned=20 by institutional investors, this could be bad. That's because it = represents large potential selling if anything goes wrong with = the=20 company or the general = market.
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, = 2002 8:58=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann: I = will give you=20 my thoughts to get you started.
Fundamentally, the stock looks = sound.=20 You say they lost a fraud suit but for the time being the market has = not=20 reacted negatively. You didn't say when, but if it wasn't yesterday, = I=20 wouldn't put much weight on it. The market tends to respond very = quickly to=20 negative news.
You didn't state your investment goals, but in my = opinion=20 this is not a growth stock. For one thing if institutions own 91% = now, there=20 simply isn't enough stock available to new buyers to move the price=20 significantly. That does not mean they cannot enjoy good steady slow = growth.=20 The funds own 31%; WON recommends staying below 25%.
The real = positive=20 for this stock is the Group RS rating, and the Price RS.
The = negative is=20 the very weak market.

Charley=20
------=_NextPart_001_0445_01C244AE.166FA910-- ------=_NextPart_000_0444_01C244AE.166FA910 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0444_01C244AE.166FA910-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Inst Ownership Date: 15 Aug 2002 23:34:04 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0277_01C244B4.3DFC1D50 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0278_01C244B4.3DFC1D50" ------=_NextPart_001_0278_01C244B4.3DFC1D50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mutual funds are pretty easy to define and monitor activity = consistently, hence why DGO reports them. They are also required to file = various reports of holdings, so easier to track. Institutionals range = from semi-public pension funds to very private investors. So long as = they don't exceed 5% holdings in a company, it can be very difficult, if = not impossible, to track what they are doing. ----- Original Message -----=20 Sent: Thursday, August 15, 2002 11:50 PM Tom, I agree with you... unfortunately.... DGO/IBD only counts mutual = funds ! This explains the difference between DGO and other data sources. = DGO doesn't count them all. Here's what they said (today): "When you say "count" we count the amount of shares of the floating = supply of stock that Mutual Funds own as registered with the NYSE and = NASDAQ exchanges."=20 regards, Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 5:39 PM Subject: Re: [CANSLIM] UCBH Institutional ownership includes, in addition to mutual funds, pension = funds, insurance companies, some banks (buying for their own account), = venture capital funds, etc. There are also some individual investors = that usually get counted, a certain Saudi Arabian prince comes to mind, = who will buy $50 to $250 million worth of stock at a time, easily the = size of a mutual fund order. A bank is not always an "institutional investor" (unless buying for = its own account) as it is often used as custodian, or even agent, for = other institutional accounts as well as many retail accounts. My = employer is a bank, and also custodian for its securities clients. As = such, its collective holdings of some securities would easily be large = enough to count as "institutional" in size, yet they are not because the = end owner is a retail client of the bank, often making his or her own = investment decisions. WON does not count bank holdings for this reason, as it is difficult = to distinguish bank holdings as "proxy owner" from own holdings, same as = a broker dealer holding in street name for its clients. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:25 AM Subject: Re: [CANSLIM] UCBH Ann, my data source shows growth at 18, not too shabby for a bank... Charley... I'm awaiting a definitive answer from IBD on institutional = ownership. I've asked them what they count and what they don't count = because of the significant differences in the 'numbers' from different = data suppliers. My second question to them is 'why aren't banks and = pension funds, etc. counted in their numbers.=20 In the Q&A below, IBD switches between calling it institutional = ownership and mutual funds... if a bank isn't an institution why doesn't = IBD just call it funds?=20 What is a level of institutional ownership you consider when = buying a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising?=20 =20 Answer=20 It is hard to tell how much institutional ownership is too = much. Therefore, you should place less weight on this factor. Rather, = focus on the quality of ownership. You want to see at least a few of the = better performing mutual funds owning the stock you are considering = buying. In some cases, however, if too many shares are owned by = institutional investors, this could be bad. That's because it represents = large potential selling if anything goes wrong with the company or the = general market. =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 8:58 AM Subject: Re: [CANSLIM] UCBH Ann: I will give you my thoughts to get you started.=20 Fundamentally, the stock looks sound. You say they lost a fraud suit = but for the time being the market has not reacted negatively. You didn't = say when, but if it wasn't yesterday, I wouldn't put much weight on it. = The market tends to respond very quickly to negative news.=20 You didn't state your investment goals, but in my opinion this is = not a growth stock. For one thing if institutions own 91% now, there = simply isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 The real positive for this stock is the Group RS rating, and the = Price RS.=20 The negative is the very weak market.=20 Charley=20 ------=_NextPart_001_0278_01C244B4.3DFC1D50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mutual funds are pretty easy to define and = monitor=20 activity consistently, hence why DGO reports them. They are also = required to=20 file various reports of holdings, so easier to track. Institutionals = range from=20 semi-public pension funds to very private investors. So long as they = don't=20 exceed 5% holdings in a company, it can be very difficult, if not = impossible, to=20 track what they are doing.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Thursday, August 15, 2002 11:50 PM
Subject: [CANSLIM] Inst Ownership

Tom, I agree with you... = unfortunately....=20 DGO/IBD only counts mutual funds ! This explains the difference between = DGO and=20 other data sources. DGO doesn't count them all.
 
Here's what they said = (today):
 
"When you say "count" we count the amount of shares of the floating = supply=20 of stock that Mutual Funds own as registered with the NYSE and NASDAQ=20 exchanges."
 
regards,
Gene
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Thursday, August 15, 2002 = 5:39=20 PM
Subject: Re: [CANSLIM] = UCBH

Institutional ownership includes, in addition = to mutual=20 funds, pension funds, insurance companies, some banks (buying for = their own=20 account), venture capital funds, etc.  There are also some = individual=20 investors that usually get counted, a certain Saudi Arabian prince = comes to=20 mind, who will buy $50 to $250 million worth of stock at a time, = easily the=20 size of a mutual fund order.
 
A bank is not always an "institutional = investor" (unless=20 buying for its own account) as it is often used as custodian, or even = agent,=20 for other institutional accounts as well as many retail accounts. My = employer=20 is a bank, and also custodian for its securities clients. As such, its = collective holdings of some securities would easily be large enough to = count=20 as "institutional" in size, yet they are not because the end owner is = a retail=20 client of the bank, often making his or her own investment=20 decisions.
 
WON does not count bank holdings for this = reason, as it=20 is difficult to distinguish bank holdings as "proxy owner" from own = holdings,=20 same as a broker dealer holding in street name for its = clients.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Thursday, August 15, 2002 11:25 AM
Subject: Re: [CANSLIM] UCBH

Ann, my data source shows growth at = 18, not=20 too shabby for a bank...
 
Charley... I'm awaiting a definitive = answer=20 from IBD on institutional ownership. I've asked them what they count = and what=20 they don't count because of the significant differences in the = 'numbers' from=20 different data suppliers.  My second question to them is = 'why aren't=20 banks and pension funds, etc. counted in their numbers.
 
In the Q&A below, IBD switches = between=20 calling it institutional ownership and mutual funds... if a bank isn't = an=20 institution why doesn't IBD just call it funds?
 
 
What is a level of institutional ownership = you=20 consider when buying a stock? If too many shares are already = owned by=20 institutional investors, can that hurt a stock's chances of=20 rising?
3D""=20
  Answer
  It is hard to tell how much institutional = ownership=20 is too much. Therefore, you should place less weight on this = factor.=20 Rather, focus on the quality of ownership. You want to see at = least a=20 few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many shares = are owned=20 by institutional investors, this could be bad. That's because it = represents large potential selling if anything goes wrong with = the=20 company or the general = market.
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, = 2002 8:58=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann: I = will give you=20 my thoughts to get you started.
Fundamentally, the stock looks = sound.=20 You say they lost a fraud suit but for the time being the market has = not=20 reacted negatively. You didn't say when, but if it wasn't yesterday, = I=20 wouldn't put much weight on it. The market tends to respond very = quickly to=20 negative news.
You didn't state your investment goals, but in my = opinion=20 this is not a growth stock. For one thing if institutions own 91% = now, there=20 simply isn't enough stock available to new buyers to move the price=20 significantly. That does not mean they cannot enjoy good steady slow = growth.=20 The funds own 31%; WON recommends staying below 25%.
The real = positive=20 for this stock is the Group RS rating, and the Price RS.
The = negative is=20 the very weak market.

Charley=20
------=_NextPart_001_0278_01C244B4.3DFC1D50-- ------=_NextPart_000_0277_01C244B4.3DFC1D50 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0277_01C244B4.3DFC1D50-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] The FASB Votes To Continue The Norm Date: 15 Aug 2002 23:12:15 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0495_01C244B1.320B80B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hey, OK !!!=20 August 15, 2002 The FASB Votes To Continue The Norm =20 The FASB wants stock options to appear in the footnotes quarterly rather = than yearly. The FASB has voted no to expensing stock options and = states that companies choosing to expense stock options will be able to = choose from one of three transition methods.=20 FASB Statement: Companies can account for stock options using 3 = different methods, some companies will expense options while others will = not, and we will spend the next few years tweaking Statement 123 until = we widdle away the unfavorable methodologies (or the 2 transition = methods that companies bend the least).=20 ------=_NextPart_000_0495_01C244B1.320B80B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hey, OK !!!

 

August 15, 2002
The FASB Votes To Continue The=20 = Norm


The = FASB=20 wants stock options to appear in the footnotes quarterly rather than=20 yearly.  The FASB has voted = no to=20 expensing stock options and states that companies choosing to = expense stock=20 options will be able to choose from one of three transition = methods.=20

FASB = Statement: Companies=20 can account for stock options using 3 different methods, some companies = will=20 expense options while others will not, and we will spend the next few = years=20 tweaking Statement 123 until we widdle away the unfavorable = methodologies (or=20 the 2 transition methods that companies bend the least).=20
------=_NextPart_000_0495_01C244B1.320B80B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 00:11:44 EDT --part1_17b.d088af6.2a8dd580_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gentlemen, if I may guide this discussion back to it's beginning, I believe I was the one who pontificated that IBD/DGO recommends no more than 25% mutual fund ownership, because otherwise there would be inadequate institutional capacity left to buy the stock when it started to move. In my opinion they use mutual funds because they leave a paper trail, and the quality of investment skill can be measured. Other institutions, for example life insurance companies, are more difficult to evaluate. For most public companies, institutions own most of the outstanding float, maybe 80% to 90% (according to Yahoo). Since the bulk of the ownership cannot be evaluated as respects investment skill and success, WON hones in on that part that can be monitored; the mutual funds. He recommends mutual fund sponsorship, but for growth stocks, he likes to see the percentage of ownership at less than 25%, and the quality of mutual fund ownership, above average. But then, what do I know? Charley --part1_17b.d088af6.2a8dd580_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Gentlemen, if I may guide this discussion back to it's beginning, I believe I was the one who pontificated that IBD/DGO recommends no more than 25% mutual fund ownership, because otherwise there would be inadequate institutional capacity left to buy the stock when it started to move. In my opinion they use mutual funds because they leave a paper trail, and the quality of investment skill can be measured. Other institutions, for example life insurance companies, are more difficult to evaluate.

For most public companies, institutions own most of the outstanding float, maybe 80% to 90% (according to Yahoo). Since the bulk of the ownership cannot be evaluated as respects investment skill and success, WON hones in on that part that can be monitored; the mutual funds. He recommends mutual fund sponsorship, but for growth stocks, he likes to see the percentage of ownership at less than 25%, and the quality of mutual fund ownership, above average.

But then, what do I know?

Charley --part1_17b.d088af6.2a8dd580_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 21:44:05 -0700 ------=_NextPart_001_0000_01C244A4.E0A796C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Can you tell me how institutions own 91% and funds own 31 %?? =20 =20 ----- Original Message ----- Sent: Thursday, August 15, 2002 6:59 AM =20 Ann: I will give you my thoughts to get you started. =20 Fundamentally, the stock looks sound. You say they lost a fraud suit but = for the time being the market has not reacted negatively. You didn't say = when, but if it wasn't yesterday, I wouldn't put much weight on it. The m= arket tends to respond very quickly to negative news. =20 You didn't state your investment goals, but in my opinion this is not a g= rowth stock. For one thing if institutions own 91% now, there simply isn'= t enough stock available to new buyers to move the price significantly. T= hat does not mean they cannot enjoy good steady slow growth. The funds ow= n 31%; WON recommends staying below 25%. =20 The real positive for this stock is the Group RS rating, and the Price RS= . =20 The negative is the very weak market. =20 Charley =20 ------=_NextPart_001_0000_01C244A4.E0A796C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Can you tell m= e how institutions own 91% and funds own 31 %?? 
 
----- Original Message -----
From: Chazmoore@ao= l.com
Sent: Thursday, August= 15, 2002 6:59 AM
To: cansli= m@lists.xmission.com
Subject: Re: [CANSLIM] UCBH
 
= Ann: I will give you my thoughts to get you started.
F= undamentally, the stock looks sound. You say they lost a fraud suit but f= or the time being the market has not reacted negatively. You didn't say w= hen, but if it wasn't yesterday, I wouldn't put much weight on it. The ma= rket tends to respond very quickly to negative news.
You didn't state= your investment goals, but in my opinion this is not a growth stock. For= one thing if institutions own 91% now, there simply isn't enough stock a= vailable to new buyers to move the price significantly. That does not mea= n they cannot enjoy good steady slow growth. The funds own 31%; WON recom= mends staying below 25%.
The real positive for this stock is the Grou= p RS rating, and the Price RS.
The negative is the very weak market. =

Charley
------=_NextPart_001_0000_01C244A4.E0A796C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Inst Ownership Date: 15 Aug 2002 23:43:38 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0045_01C244B5.945F0620 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Charley et al, Mark Boucher (The Hedge Fund Edge) recommends in his work that = institutional ownership (banks + mutual funds) runs 10-30%. WON seems to = take a more generalist view of the actual percentage and instead focuses = on both the quality of ownership and the fact that ownership is = increasing. As with Boucher, WON considers both mutual funds and banks = to be "institutional owners." A great place to check ownership is at: http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbo= l=3DSBUX Then use either the IBD's Mutual Fund ratings or look up ratings at = www.morningstar.com to take a look at quality of ownership. -Katherine From AskIBD (highlighting is mine): Question What percentage of a company's shares outstanding should be owned by = institutions in order for the stock to qualify as institutionally well = sponsored? =20 Answer It's not so much what percentage of a company's stock is owned by = institutions as the number of institutions that own it. You don't want = to see just one institution owning it. Any stock you consider purchasing = should be owned by at least a few mutual funds and preferably one or = more banks or other institutional investors. Also, look for stocks owned = by at least one top-rated mutual fund. The better funds research = companies extensively. So when they buy a stock, it serves as way to = cross-check how sound the company is. =20 Question Can too much institutional sponsorship be a bad thing? =20 Answer It depends on the company, their earnings and their products. In theory, = if a stock is heavily owned by institutions, it doesn't leave much for = other major investor's to buy and propel the stock higher. But if these = companies continue to grow, heavy ownership should not create a problem. =20 =20 Question What is a level of institutional ownership you consider when buying a = stock? If too many shares are already owned by institutional investors, = can that hurt a stock's chances of rising? =20 Answer It is hard to tell how much institutional ownership is too much. = Therefore, you should place less weight on this factor. Rather, focus on = the quality of ownership. You want to see at least a few of the better = performing mutual funds owning the stock you are considering buying. In = some cases, however, if too many shares are owned by institutional = investors, this could be bad. That's because it represents large = potential selling if anything goes wrong with the company or the general = market. =20 =20 =20 =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:11 PM Subject: Re: [CANSLIM] Inst Ownership Gentlemen, if I may guide this discussion back to it's beginning, I = believe I was the one who pontificated that IBD/DGO recommends no more = than 25% mutual fund ownership, because otherwise there would be = inadequate institutional capacity left to buy the stock when it started = to move. In my opinion they use mutual funds because they leave a paper = trail, and the quality of investment skill can be measured. Other = institutions, for example life insurance companies, are more difficult = to evaluate.=20 For most public companies, institutions own most of the outstanding = float, maybe 80% to 90% (according to Yahoo). Since the bulk of the = ownership cannot be evaluated as respects investment skill and success, = WON hones in on that part that can be monitored; the mutual funds. He = recommends mutual fund sponsorship, but for growth stocks, he likes to = see the percentage of ownership at less than 25%, and the quality of = mutual fund ownership, above average.=20 But then, what do I know?=20 Charley=20 ------=_NextPart_000_0045_01C244B5.945F0620 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Charley et al,
 
Mark Boucher (The Hedge Fund Edge) recommends in his work that = institutional ownership (banks + mutual funds) runs 10-30%. WON seems to = take a=20 more generalist view of the actual percentage and instead focuses on = both the=20 quality of ownership and the fact that ownership is=20 increasing. As with Boucher, WON considers both mutual funds = and banks=20 to be "institutional owners."
 
A great place to check ownership is at:
http://moneycentral.msn.com/investor/invsub/ownership/o= wnership.asp?Symbol=3DSBUX
Then use either the IBD's Mutual Fund ratings or look up ratings at = www.morningstar.com to take a = look at=20 quality of ownership.
 
-Katherine
 
From AskIBD (highlighting is mine):
 

Question

What percentage of a company's shares outstanding = should be=20 owned by institutions in order for the stock to qualify as = institutionally well=20 sponsored?

 

Answer

It's not so much what percentage of a company's = stock is=20 owned by institutions as the number of institutions that own it. You = don't want=20 to see just one institution owning it. Any stock you consider purchasing = should be owned by at least a few mutual funds = and=20 preferably one or more banks or other institutional = investors. Also,=20 look for stocks owned by at least one top-rated mutual fund. The better = funds=20 research companies extensively. So when they buy a stock, it serves as = way to=20 cross-check how sound the company = is.

 

Question

Can too much institutional sponsorship be a bad=20 thing?

 

Answer

It depends on the company, their earnings and their = products.=20 In theory, if a stock is heavily owned by institutions, it doesn't leave = much=20 for other major investor's to buy and propel the stock higher. But if these companies continue to grow, heavy = ownership=20 should not create a = problem.

 

 

Question

What is a level of institutional ownership you = consider when=20 buying a stock? If too many shares are already owned by institutional = investors,=20 can that hurt a stock's chances of = rising?

  

Answer

It is hard to tell how = much=20 institutional ownership is too much. Therefore, you should place less = weight on=20 this factor. Rather, focus on the quality of ownership. You want to see = at least=20 a few of the better performing mutual funds owning the stock you are = considering=20 buying. In some cases, however, if too many shares are owned = by=20 institutional investors, this could be bad. That's because it represents = large=20 potential selling if anything goes wrong with the company or the general = market.

 

 

 

 

 
 
 
 
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 = 11:11=20 PM
Subject: Re: [CANSLIM] Inst=20 Ownership

Gentlemen, = if I may=20 guide this discussion back to it's beginning, I believe I was the one = who=20 pontificated that IBD/DGO recommends no more than 25% mutual fund = ownership,=20 because otherwise there would be inadequate institutional capacity = left to buy=20 the stock when it started to move. In my opinion they use mutual funds = because=20 they leave a paper trail, and the quality of investment skill can be = measured.=20 Other institutions, for example life insurance companies, are more = difficult=20 to evaluate.

For most public companies, institutions own most = of the=20 outstanding float, maybe 80% to 90% (according to Yahoo). Since the = bulk of=20 the ownership cannot be evaluated as respects investment skill and = success,=20 WON hones in on that part that can be monitored; the mutual funds. He=20 recommends mutual fund sponsorship, but for growth stocks, he likes to = see the=20 percentage of ownership at less than 25%, and the quality of mutual = fund=20 ownership, above average.

But then, what do I know?=20

Charley ------=_NextPart_000_0045_01C244B5.945F0620-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] UCBH Date: 15 Aug 2002 21:57:37 -0700 ------=_NextPart_001_0001_01C244A6.C4EB2580 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable Sorry I understand-I think this was explained before =20 =20 ----- Original Message ----- Sent: Thursday, August 15, 2002 2:37 PM =20 Charley-can you explain to me why 17% growth will equal $56.00 and why i= t will change if the P/E changes?? Thank You Nancy =20 =20 ----- Original Message ----- Sent: Thursday, August 15, 2002 10:37 AM =20 Thanks, Ed and Charley. =20 ----- Original Message ----- =20 Sent: Thursday, August 15, 2002 1:34 PM Charley, =20 56 sounds good to me. =20 That would be another 30%. Not to shabby. =20 By the way, it doesn=E2=80=99t matter what industry the stock is in if it= goes up. =20 =20 As long as it goes up, I win. =20 Play the game to win. =20 Ed =20 -----Original Message----- on.com] On Behalf Of Chazmoore@aol.com Sent: Thursday, August 15, 2002 1:20 PM =20 Ed and Ann: =20 Perhaps you are right Ed. You certainly are as we look back. In June 2000= the stock was at $14.; in June 2001 it was at $28.; in June 2002 it was = at $37. I would say that qualifies as a growth stock. =20 It is hard to say what the future holds but they are forecasting 17% grow= th in 2003, and if they meet that goal (assuming a P/E of 25) the price s= hould rise to $56. Note that their current P/E of 25 represents a five ye= ar high. =20 The point I was making is that the company seems to be nearing the end of= this truly remarkable growth (for a bank). =20 Thanks for bringing up the subject. =20 Charley ------=_NextPart_001_0001_01C244A6.C4EB2580 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable
Sorry I understand-I think this was = explained before 
 
----- Orig= inal Message -----
From: NANCY POLCARO
Sent: Thursday, August 15, 2002 2:37 PM
To: canslim
Subject: Re: [CANSLIM] UCBH
 
Ch= arley-can you explain to me why 17% growth will equal  $56.00 and wh= y it will change if the P/E changes?? Thank You Nancy 
&n= bsp;
----- Original Message -----
From: Ann
Sent: Thursday, August 15, 200= 2 10:37 AM
To: canslim@lists= .xmission.com
Subject: Re: [= CANSLIM] UCBH
 
Thanks, Ed and Charley.
 
<= BLOCKQUOTE dir=3Dltr style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARG= IN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
From: <= A title=3DEMCDONOUGH@RJFS.com href=3D"mailto:EMCDONOUGH@RJFS.com">Ed McDo= nough
Sent:= Thursday, August 15, 2002 1:34 PM
Subject: RE: [CANSLIM] UCBH

Charley,

 

56 sounds good to me.

 <= /o:p>

T= hat would be another 30%.  = Not to shabby.

 

By the way, it doesn=E2=80=99t matter what = industry the stock is in if it goes up.=  

 

As long as it goes up, I win.

&nbs= p;

 

Ed

 

-----Or= iginal Message-----
From:<= /B> owner-canslim@lis= ts.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com
Sent: Thursday, Au= gust 15, 2002 1:20 PMTo: canslim@lists.x= mission.com
Subject: R= e: [CANSLIM] UCBH

 

Ed and Ann:
Perhaps you are right Ed.= You certainly are as we look back. In June 2000 the stock was at $14.; i= n June 2001 it was at $28.; in June 2002 it was at $37. I would say that = qualifies as a growth stock.

It is hard to say what the future ho= lds but they are forecasting 17% growth in 2003, and if they meet that go= al (assuming a P/E of 25) the price should rise to $56. Note that their c= urrent P/E of 25 represents a five year high.

The point I was mak= ing is that the company seems to be nearing the end of this truly remarka= ble growth (for a bank).

Thanks for bringing up the subject.
=
Charley

<= /BLOCKQUOTE> ------=_NextPart_001_0001_01C244A6.C4EB2580-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] hummmm??? Date: 15 Aug 2002 22:32:57 -0700 ------=_NextPart_001_0002_01C244AB.B41EA9C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom-I heard on T.V. yesterday that bonds were at the lowest sinse the 60'= s and people were getting out and putting the money back to stocks. Coul= d have something to do with it. Nancy =20 =20 ----- Original Message ----- Sent: Thursday, August 15, 2002 6:10 PM =20 Well, we now have higher highs as well as higher lows in the DOW 30, NYSE Composite, and S&P500. Naz 100, Composite, and R2000 still have not delivered this, but still hold out possibilities if we get one or two mor= e good days. Big caps, and some mid caps, seem to be ruling the markets the= se days. DJ Utilities, NYSE Financial, and S&P 400 Midcap have also given us highe= r highs and lows. DJ Transportation and S&P 600 have not. Curious if any members have done any examination of this being accomplish= ed on light volume. Is this just the summer doldrums causing light volume, f= ear factor holding everyone back, or just a sucker rally waiting for the shor= t traders to take charge again? Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0002_01C244AB.B41EA9C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom-I heard on= T.V. yesterday that bonds were at the lowest sinse the 60's and peo= ple were getting out and putting the money back to stocks.  Could ha= ve something to do with it. Nancy 
 
----- Original Message -----
From: Tom Worley
Sent: Thursday, August 15, 2002 6:10 PM
To: CANSLIM
Subject: [CANSLIM] hummmm???
 <= /DIV>Well, we now have higher highs as well as higher lows in the DOW 30,= NYSE
Composite, and S&P500.  Naz 100, Composite, and R2000 s= till have not
delivered this, but still hold out possibilities if we g= et one or two more
good days. Big caps, and some mid caps, seem to be = ruling the markets these
days.

DJ Utilities, NYSE Financial, an= d S&P 400 Midcap have also given us higher
highs and lows. DJ Tran= sportation and S&P 600 have not.

Curious if any members have d= one any examination of this being accomplished
on light volume. Is thi= s just the summer doldrums causing light volume, fear
factor holding e= veryone back, or just a sucker rally waiting for the short
traders to = take charge again?

Tom Worley
stkguru@bellsouth.net
AIM: Tex= Worley



-
-To subscribe/unsubscribe, email "majordomo@xm= ission.com"
-In the email body, write "subscribe canslim" or
-"unsu= bscribe canslim".  Do not use quotes in your email.
= ------=_NextPart_001_0002_01C244AB.B41EA9C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Market turning UP Date: 15 Aug 2002 23:19:12 -0700 ------=_NextPart_001_0003_01C244B2.2A47A100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I signed up for the email from the man who was in the group and had to le= ave because he didn't have time to keep up with this list. I believe h= is name is Ernie. He said his charts show that we will be in a bull till= the end of Sept. or beginning of Oct. (for those who did not sign up for= it:) Minus a war, etc. This would be nice. Nancy =20 ----- Original Message ----- Sent: Thursday, August 15, 2002 7:07 PM =20 Tom: This is a bit off subject but I am sending it anyway so you can feel= bullish again. =20 Today, the NYSE Bullish Indicator shows that 36% of stocks on the NYSE ar= e signaling buy, with Bull Confirmed. The NASDAQ 100 Bullish Indicator is= now at 38% with Bull Confirmed, and the S&P 500 Bullish Indicator is at = 44% with a Bull Alert. =20 Granted, this may be a correction within a bear market, but for the short= term it looks pretty good. (I suspect it will crash tomorrow after I hav= e set myself up, but remember Tom, I am doing this for you.) =20 Charley =20 ------=_NextPart_001_0003_01C244B2.2A47A100 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I signed up fo= r the email from the man who was in the group and had to leave becau= se he didn't  have time to keep up with this list. I  believe&n= bsp; his name is Ernie.  He said his charts show that we will be in = a bull till the end of Sept. or beginning of Oct. (for those who did not = sign up for it:)  Minus a war, etc.  This would be nice. Nancy<= /DIV>
 
----- Original Message -----
F= rom: Chazmoore@aol.com
Sent:= Thursday, August 15, 2002 7:07 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Market turning UP
 Tom: This is a bit off subje= ct but I am sending it anyway so you can feel bullish again.
Today, t= he NYSE Bullish Indicator shows that 36% of stocks on the NYSE are signal= ing buy, with Bull Confirmed. The NASDAQ 100 Bullish Indicator is now at = 38% with Bull Confirmed, and the S&P 500 Bullish Indicator is at 44% = with a Bull Alert.
Granted, this may be a correction within a bear ma= rket, but for the short term it looks pretty good. (I suspect it will cra= sh tomorrow after I have set myself up, but remember Tom, I am doing this= for you.)

Charley
------=_NextPart_001_0003_01C244B2.2A47A100-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Inst Ownership Date: 15 Aug 2002 21:15:03 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0009_01C244A0.D2239A80 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit > and the quality of mutual fund ownership, above average. and there's the rub. Where is quality defined, how is it measured and what is above average? Rhetorical question, because I don't think there's an answer, But, I've been wrong before and I expect the redoubtable Katherine or Tom will prove me so again :-) Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Thursday, August 15, 2002 6:12 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Inst Ownership Gentlemen, if I may guide this discussion back to it's beginning, I believe I was the one who pontificated that IBD/DGO recommends no more than 25% mutual fund ownership, because otherwise there would be inadequate institutional capacity left to buy the stock when it started to move. In my opinion they use mutual funds because they leave a paper trail, and the quality of investment skill can be measured. Other institutions, for example life insurance companies, are more difficult to evaluate. For most public companies, institutions own most of the outstanding float, maybe 80% to 90% (according to Yahoo). Since the bulk of the ownership cannot be evaluated as respects investment skill and success, WON hones in on that part that can be monitored; the mutual funds. He recommends mutual fund sponsorship, but for growth stocks, he likes to see the percentage of ownership at less than 25%, and the quality of mutual fund ownership, above average. But then, what do I know? Charley ------=_NextPart_000_0009_01C244A0.D2239A80 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
>=20 and the quality of mutual fund = ownership, above=20 average.
and=20 there's the rub. Where is quality defined, how is it measured and = what is=20 above average? Rhetorical question, because I don't think there's an = answer,=20 But, I've been wrong before and I expect the redoubtable Katherine or = Tom will=20 prove me so again :-)
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 6:12=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Inst Ownership

Gentlemen, if I may guide this discussion back to it's = beginning, I=20 believe I was the one who pontificated that IBD/DGO recommends no more = than=20 25% mutual fund ownership, because otherwise there would be inadequate = institutional capacity left to buy the stock when it started to move. = In my=20 opinion they use mutual funds because they leave a paper trail, and = the=20 quality of investment skill can be measured. Other institutions, for = example=20 life insurance companies, are more difficult to evaluate.

For = most=20 public companies, institutions own most of the outstanding float, = maybe 80% to=20 90% (according to Yahoo). Since the bulk of the ownership cannot be = evaluated=20 as respects investment skill and success, WON hones in on that part = that can=20 be monitored; the mutual funds. He recommends mutual fund sponsorship, = but for=20 growth stocks, he likes to see the percentage of ownership at less = than 25%,=20 and the quality of mutual fund ownership, above average.

But = then,=20 what do I know?

Charley =
------=_NextPart_000_0009_01C244A0.D2239A80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Inst Ownership Date: 15 Aug 2002 21:24:28 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_000D_01C244A2.231D2AE0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Ah Ha, and as a I continued to read, I discovered the redoubtable Katherine had indeed already provided the answer to my foolishly thought rhetorical question. Oh Well, go PHA and assuage my sorrows. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons Sent: Thursday, August 15, 2002 9:15 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Inst Ownership > and the quality of mutual fund ownership, above average. and there's the rub. Where is quality defined, how is it measured and what is above average? Rhetorical question, because I don't think there's an answer, But, I've been wrong before and I expect the redoubtable Katherine or Tom will prove me so again :-) Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Thursday, August 15, 2002 6:12 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Inst Ownership Gentlemen, if I may guide this discussion back to it's beginning, I believe I was the one who pontificated that IBD/DGO recommends no more than 25% mutual fund ownership, because otherwise there would be inadequate institutional capacity left to buy the stock when it started to move. In my opinion they use mutual funds because they leave a paper trail, and the quality of investment skill can be measured. Other institutions, for example life insurance companies, are more difficult to evaluate. For most public companies, institutions own most of the outstanding float, maybe 80% to 90% (according to Yahoo). Since the bulk of the ownership cannot be evaluated as respects investment skill and success, WON hones in on that part that can be monitored; the mutual funds. He recommends mutual fund sponsorship, but for growth stocks, he likes to see the percentage of ownership at less than 25%, and the quality of mutual fund ownership, above average. But then, what do I know? Charley ------=_NextPart_000_000D_01C244A2.231D2AE0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Ah=20 Ha, and as a I continued to read, I discovered the redoubtable Katherine = had=20 indeed already provided the answer to my foolishly thought rhetorical = question.=20 Oh Well, go PHA and assuage my sorrows.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike=20 Gibbons
Sent: Thursday, August 15, 2002 9:15 = PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] Inst=20 Ownership

> and the quality of = mutual fund=20 ownership, above average.
and=20 there's the rub. Where is quality defined, how is it measured and = what is=20 above average? Rhetorical question, because I don't think there's an = answer,=20 But, I've been wrong before and I expect the redoubtable Katherine or = Tom will=20 prove me so again :-)
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 6:12 = PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Inst Ownership

Gentlemen, if I may guide this discussion back to it's = beginning, I=20 believe I was the one who pontificated that IBD/DGO recommends no = more than=20 25% mutual fund ownership, because otherwise there would be = inadequate=20 institutional capacity left to buy the stock when it started to = move. In my=20 opinion they use mutual funds because they leave a paper trail, and = the=20 quality of investment skill can be measured. Other institutions, for = example=20 life insurance companies, are more difficult to evaluate. =

For most=20 public companies, institutions own most of the outstanding float, = maybe 80%=20 to 90% (according to Yahoo). Since the bulk of the ownership cannot = be=20 evaluated as respects investment skill and success, WON hones in on = that=20 part that can be monitored; the mutual funds. He recommends mutual = fund=20 sponsorship, but for growth stocks, he likes to see the percentage = of=20 ownership at less than 25%, and the quality of mutual fund = ownership, above=20 average.

But then, what do I know?

Charley=20
------=_NextPart_000_000D_01C244A2.231D2AE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Inst Ownership Date: 15 Aug 2002 23:03:59 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0479_01C244B0.09F1A740 Content-Type: multipart/alternative; boundary="----=_NextPart_001_047A_01C244B0.09F1A740" ------=_NextPart_001_047A_01C244B0.09F1A740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I told them that they should call it fund ownership instead of = institutional ownership, very misleading.=20 That clears up another mystery as to the differences in data sources.=20 Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 10:34 PM Subject: Re: [CANSLIM] Inst Ownership Mutual funds are pretty easy to define and monitor activity = consistently, hence why DGO reports them. They are also required to file = various reports of holdings, so easier to track. Institutionals range = from semi-public pension funds to very private investors. So long as = they don't exceed 5% holdings in a company, it can be very difficult, if = not impossible, to track what they are doing. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:50 PM Subject: [CANSLIM] Inst Ownership Tom, I agree with you... unfortunately.... DGO/IBD only counts mutual = funds ! This explains the difference between DGO and other data sources. = DGO doesn't count them all. Here's what they said (today): "When you say "count" we count the amount of shares of the floating = supply of stock that Mutual Funds own as registered with the NYSE and = NASDAQ exchanges."=20 regards, Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 5:39 PM Subject: Re: [CANSLIM] UCBH Institutional ownership includes, in addition to mutual funds, = pension funds, insurance companies, some banks (buying for their own = account), venture capital funds, etc. There are also some individual = investors that usually get counted, a certain Saudi Arabian prince comes = to mind, who will buy $50 to $250 million worth of stock at a time, = easily the size of a mutual fund order. A bank is not always an "institutional investor" (unless buying for = its own account) as it is often used as custodian, or even agent, for = other institutional accounts as well as many retail accounts. My = employer is a bank, and also custodian for its securities clients. As = such, its collective holdings of some securities would easily be large = enough to count as "institutional" in size, yet they are not because the = end owner is a retail client of the bank, often making his or her own = investment decisions. WON does not count bank holdings for this reason, as it is difficult = to distinguish bank holdings as "proxy owner" from own holdings, same as = a broker dealer holding in street name for its clients. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:25 AM Subject: Re: [CANSLIM] UCBH Ann, my data source shows growth at 18, not too shabby for a bank... Charley... I'm awaiting a definitive answer from IBD on = institutional ownership. I've asked them what they count and what they = don't count because of the significant differences in the 'numbers' from = different data suppliers. My second question to them is 'why aren't = banks and pension funds, etc. counted in their numbers.=20 In the Q&A below, IBD switches between calling it institutional = ownership and mutual funds... if a bank isn't an institution why doesn't = IBD just call it funds?=20 What is a level of institutional ownership you consider when = buying a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising?=20 =20 Answer=20 It is hard to tell how much institutional ownership is too = much. Therefore, you should place less weight on this factor. Rather, = focus on the quality of ownership. You want to see at least a few of the = better performing mutual funds owning the stock you are considering = buying. In some cases, however, if too many shares are owned by = institutional investors, this could be bad. That's because it represents = large potential selling if anything goes wrong with the company or the = general market. =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 8:58 AM Subject: Re: [CANSLIM] UCBH Ann: I will give you my thoughts to get you started.=20 Fundamentally, the stock looks sound. You say they lost a fraud = suit but for the time being the market has not reacted negatively. You = didn't say when, but if it wasn't yesterday, I wouldn't put much weight = on it. The market tends to respond very quickly to negative news.=20 You didn't state your investment goals, but in my opinion this is = not a growth stock. For one thing if institutions own 91% now, there = simply isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 The real positive for this stock is the Group RS rating, and the = Price RS.=20 The negative is the very weak market.=20 Charley ------=_NextPart_001_047A_01C244B0.09F1A740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I told them that they should call it = fund=20 ownership instead of institutional ownership, very misleading.=20
 
That clears up another mystery as to = the=20 differences in data sources.
 
Gene
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Thursday, August 15, 2002 = 10:34=20 PM
Subject: Re: [CANSLIM] Inst=20 Ownership

Mutual funds are pretty easy to define and = monitor=20 activity consistently, hence why DGO reports them. They are also = required to=20 file various reports of holdings, so easier to track. Institutionals = range=20 from semi-public pension funds to very private investors. So long as = they=20 don't exceed 5% holdings in a company, it can be very difficult, if = not=20 impossible, to track what they are doing.
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Thursday, August 15, 2002 11:50 PM
Subject: [CANSLIM] Inst Ownership

Tom, I agree with you... = unfortunately....=20 DGO/IBD only counts mutual funds ! This explains the difference = between DGO=20 and other data sources. DGO doesn't count them all.
 
Here's what they said = (today):
 
"When you say "count" we count the amount of shares of the = floating=20 supply of stock that Mutual Funds own as registered with the NYSE and = NASDAQ=20 exchanges."
 
regards,
Gene
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Thursday, August 15, = 2002 5:39=20 PM
Subject: Re: [CANSLIM] = UCBH

Institutional ownership includes, in = addition to=20 mutual funds, pension funds, insurance companies, some banks (buying = for=20 their own account), venture capital funds, etc.  There are also = some=20 individual investors that usually get counted, a certain Saudi = Arabian=20 prince comes to mind, who will buy $50 to $250 million worth of = stock at a=20 time, easily the size of a mutual fund order.
 
A bank is not always an "institutional = investor"=20 (unless buying for its own account) as it is often used as = custodian, or=20 even agent, for other institutional accounts as well as many retail=20 accounts. My employer is a bank, and also custodian for its = securities=20 clients. As such, its collective holdings of some securities would = easily be=20 large enough to count as "institutional" in size, yet they are not = because=20 the end owner is a retail client of the bank, often making his or = her own=20 investment decisions.
 
WON does not count bank holdings for this = reason, as=20 it is difficult to distinguish bank holdings as "proxy owner" from = own=20 holdings, same as a broker dealer holding in street name for its=20 clients.
 
----- Original Message -----=20
From: = Gene = Ricci
Sent: Thursday, August 15, 2002 11:25 AM
Subject: Re: [CANSLIM] UCBH

Ann, my data source shows growth = at 18, not=20 too shabby for a bank...
 
Charley... I'm awaiting a = definitive answer=20 from IBD on institutional ownership. I've asked them what they count = and=20 what they don't count because of the significant differences in the=20 'numbers' from different data suppliers.  My second = question to=20 them is 'why aren't banks and pension funds, etc. counted in their = numbers.=20
 
In the Q&A below, IBD switches = between=20 calling it institutional ownership and mutual funds... if a bank = isn't an=20 institution why doesn't IBD just call it funds?
 
 
What is a level of institutional ownership = you=20 consider when buying a stock? If too many shares are already = owned by=20 institutional investors, can that hurt a stock's chances of=20 rising?
3D""=20
  Answer
  It is hard to tell how much institutional = ownership=20 is too much. Therefore, you should place less weight on this = factor.=20 Rather, focus on the quality of ownership. You want to see at = least a=20 few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many shares = are=20 owned by institutional investors, this could be bad. That's = because it=20 represents large potential selling if anything goes wrong with = the=20 company or the general = market.
 
----- Original Message ----- =
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Thursday, August 15, = 2002 8:58=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann: I = will give=20 you my thoughts to get you started.
Fundamentally, the stock = looks=20 sound. You say they lost a fraud suit but for the time being the = market=20 has not reacted negatively. You didn't say when, but if it wasn't=20 yesterday, I wouldn't put much weight on it. The market tends to = respond=20 very quickly to negative news.
You didn't state your = investment goals,=20 but in my opinion this is not a growth stock. For one thing if=20 institutions own 91% now, there simply isn't enough stock = available to new=20 buyers to move the price significantly. That does not mean they = cannot=20 enjoy good steady slow growth. The funds own 31%; WON recommends = staying=20 below 25%.
The real positive for this stock is the Group RS = rating,=20 and the Price RS.
The negative is the very weak market.=20

Charley=20 ------=_NextPart_001_047A_01C244B0.09F1A740-- ------=_NextPart_000_0479_01C244B0.09F1A740 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0479_01C244B0.09F1A740-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 08:06:26 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0020_01C244FB.D1F26900 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0021_01C244FB.D1F26900" ------=_NextPart_001_0021_01C244FB.D1F26900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks for checking on that, Gene. Ann ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:50 PM Subject: [CANSLIM] Inst Ownership Tom, I agree with you... unfortunately.... DGO/IBD only counts mutual = funds ! This explains the difference between DGO and other data sources. = DGO doesn't count them all. Here's what they said (today): "When you say "count" we count the amount of shares of the floating = supply of stock that Mutual Funds own as registered with the NYSE and = NASDAQ exchanges."=20 regards, Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 5:39 PM Subject: Re: [CANSLIM] UCBH Institutional ownership includes, in addition to mutual funds, = pension funds, insurance companies, some banks (buying for their own = account), venture capital funds, etc. There are also some individual = investors that usually get counted, a certain Saudi Arabian prince comes = to mind, who will buy $50 to $250 million worth of stock at a time, = easily the size of a mutual fund order. A bank is not always an "institutional investor" (unless buying for = its own account) as it is often used as custodian, or even agent, for = other institutional accounts as well as many retail accounts. My = employer is a bank, and also custodian for its securities clients. As = such, its collective holdings of some securities would easily be large = enough to count as "institutional" in size, yet they are not because the = end owner is a retail client of the bank, often making his or her own = investment decisions. WON does not count bank holdings for this reason, as it is difficult = to distinguish bank holdings as "proxy owner" from own holdings, same as = a broker dealer holding in street name for its clients. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:25 AM Subject: Re: [CANSLIM] UCBH Ann, my data source shows growth at 18, not too shabby for a bank... Charley... I'm awaiting a definitive answer from IBD on = institutional ownership. I've asked them what they count and what they = don't count because of the significant differences in the 'numbers' from = different data suppliers. My second question to them is 'why aren't = banks and pension funds, etc. counted in their numbers.=20 In the Q&A below, IBD switches between calling it institutional = ownership and mutual funds... if a bank isn't an institution why doesn't = IBD just call it funds?=20 What is a level of institutional ownership you consider when = buying a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising?=20 =20 Answer=20 It is hard to tell how much institutional ownership is too = much. Therefore, you should place less weight on this factor. Rather, = focus on the quality of ownership. You want to see at least a few of the = better performing mutual funds owning the stock you are considering = buying. In some cases, however, if too many shares are owned by = institutional investors, this could be bad. That's because it represents = large potential selling if anything goes wrong with the company or the = general market. =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 8:58 AM Subject: Re: [CANSLIM] UCBH Ann: I will give you my thoughts to get you started.=20 Fundamentally, the stock looks sound. You say they lost a fraud = suit but for the time being the market has not reacted negatively. You = didn't say when, but if it wasn't yesterday, I wouldn't put much weight = on it. The market tends to respond very quickly to negative news.=20 You didn't state your investment goals, but in my opinion this is = not a growth stock. For one thing if institutions own 91% now, there = simply isn't enough stock available to new buyers to move the price = significantly. That does not mean they cannot enjoy good steady slow = growth. The funds own 31%; WON recommends staying below 25%.=20 The real positive for this stock is the Group RS rating, and the = Price RS.=20 The negative is the very weak market.=20 Charley=20 ------=_NextPart_001_0021_01C244FB.D1F26900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks for checking on that, Gene.
Ann
----- Original Message -----
From:=20 Gene = Ricci
Sent: Thursday, August 15, 2002 = 11:50=20 PM
Subject: [CANSLIM] Inst = Ownership

Tom, I agree with you... = unfortunately....=20 DGO/IBD only counts mutual funds ! This explains the difference = between DGO=20 and other data sources. DGO doesn't count them all.
 
Here's what they said = (today):
 
"When you say "count" we count the amount of shares of the = floating=20 supply of stock that Mutual Funds own as registered with the NYSE and = NASDAQ=20 exchanges."
 
regards,
Gene
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Thursday, August 15, = 2002 5:39=20 PM
Subject: Re: [CANSLIM] = UCBH

Institutional ownership includes, in = addition to=20 mutual funds, pension funds, insurance companies, some banks (buying = for=20 their own account), venture capital funds, etc.  There are also = some=20 individual investors that usually get counted, a certain Saudi = Arabian=20 prince comes to mind, who will buy $50 to $250 million worth of = stock at a=20 time, easily the size of a mutual fund order.
 
A bank is not always an "institutional = investor"=20 (unless buying for its own account) as it is often used as = custodian, or=20 even agent, for other institutional accounts as well as many retail=20 accounts. My employer is a bank, and also custodian for its = securities=20 clients. As such, its collective holdings of some securities would = easily be=20 large enough to count as "institutional" in size, yet they are not = because=20 the end owner is a retail client of the bank, often making his or = her own=20 investment decisions.
 
WON does not count bank holdings for this = reason, as=20 it is difficult to distinguish bank holdings as "proxy owner" from = own=20 holdings, same as a broker dealer holding in street name for its=20 clients.
 
----- Original Message -----=20
From: = Gene = Ricci
Sent: Thursday, August 15, 2002 11:25 AM
Subject: Re: [CANSLIM] UCBH

Ann, my data source shows growth = at 18, not=20 too shabby for a bank...
 
Charley... I'm awaiting a = definitive answer=20 from IBD on institutional ownership. I've asked them what they count = and=20 what they don't count because of the significant differences in the=20 'numbers' from different data suppliers.  My second = question to=20 them is 'why aren't banks and pension funds, etc. counted in their = numbers.=20
 
In the Q&A below, IBD switches = between=20 calling it institutional ownership and mutual funds... if a bank = isn't an=20 institution why doesn't IBD just call it funds?
 
 
What is a level of institutional ownership = you=20 consider when buying a stock? If too many shares are already = owned by=20 institutional investors, can that hurt a stock's chances of=20 rising?
3D""=20
  Answer
  It is hard to tell how much institutional = ownership=20 is too much. Therefore, you should place less weight on this = factor.=20 Rather, focus on the quality of ownership. You want to see at = least a=20 few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many shares = are=20 owned by institutional investors, this could be bad. That's = because it=20 represents large potential selling if anything goes wrong with = the=20 company or the general = market.
 
----- Original Message ----- =
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Thursday, August 15, = 2002 8:58=20 AM
Subject: Re: [CANSLIM] = UCBH

Ann: I = will give=20 you my thoughts to get you started.
Fundamentally, the stock = looks=20 sound. You say they lost a fraud suit but for the time being the = market=20 has not reacted negatively. You didn't say when, but if it wasn't=20 yesterday, I wouldn't put much weight on it. The market tends to = respond=20 very quickly to negative news.
You didn't state your = investment goals,=20 but in my opinion this is not a growth stock. For one thing if=20 institutions own 91% now, there simply isn't enough stock = available to new=20 buyers to move the price significantly. That does not mean they = cannot=20 enjoy good steady slow growth. The funds own 31%; WON recommends = staying=20 below 25%.
The real positive for this stock is the Group RS = rating,=20 and the Price RS.
The negative is the very weak market.=20

Charley=20
------=_NextPart_001_0021_01C244FB.D1F26900-- ------=_NextPart_000_0020_01C244FB.D1F26900 Content-Type: image/gif; name="trnsp.gif" Content-Transfer-Encoding: base64 Content-Location: http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif R0lGODlhAQABAJH/AP///wAAAP///wAAACH/C0FET0JFOklSMS4wAt7tACH5BAEAAAIALAAAAAAB AAEAAAICVAEAOw== ------=_NextPart_000_0020_01C244FB.D1F26900-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 08:07:32 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_002D_01C244FB.F919E8A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable "For most public companies, institutions own most of the outstanding = float, maybe 80% to 90% (according to Yahoo)." But I thought Tom said that 90%+ institutional ownership was very rare. = Am I missing something? Ann ------=_NextPart_000_002D_01C244FB.F919E8A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

"For most public companies, institutions own most of the = outstanding=20 float, maybe 80% to 90% (according to Yahoo)."
 
But I thought Tom said that 90%+ institutional ownership was very = rare. Am=20 I missing something?
 
Ann
------=_NextPart_000_002D_01C244FB.F919E8A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 08:09:48 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_003F_01C244FC.49EE5A40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Those references are very helpful, Katherine. Thank you. Ann ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 12:43 AM Subject: Re: [CANSLIM] Inst Ownership Hi Charley et al, Mark Boucher (The Hedge Fund Edge) recommends in his work that = institutional ownership (banks + mutual funds) runs 10-30%. WON seems to = take a more generalist view of the actual percentage and instead focuses = on both the quality of ownership and the fact that ownership is = increasing. As with Boucher, WON considers both mutual funds and banks = to be "institutional owners." A great place to check ownership is at: = http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbo= l=3DSBUX Then use either the IBD's Mutual Fund ratings or look up ratings at = www.morningstar.com to take a look at quality of ownership. -Katherine From AskIBD (highlighting is mine): Question What percentage of a company's shares outstanding should be owned by = institutions in order for the stock to qualify as institutionally well = sponsored? =20 Answer It's not so much what percentage of a company's stock is owned by = institutions as the number of institutions that own it. You don't want = to see just one institution owning it. Any stock you consider purchasing = should be owned by at least a few mutual funds and preferably one or = more banks or other institutional investors. Also, look for stocks owned = by at least one top-rated mutual fund. The better funds research = companies extensively. So when they buy a stock, it serves as way to = cross-check how sound the company is. =20 Question Can too much institutional sponsorship be a bad thing? =20 Answer It depends on the company, their earnings and their products. In = theory, if a stock is heavily owned by institutions, it doesn't leave = much for other major investor's to buy and propel the stock higher. But = if these companies continue to grow, heavy ownership should not create a = problem. =20 =20 Question What is a level of institutional ownership you consider when buying a = stock? If too many shares are already owned by institutional investors, = can that hurt a stock's chances of rising? =20 Answer It is hard to tell how much institutional ownership is too much. = Therefore, you should place less weight on this factor. Rather, focus on = the quality of ownership. You want to see at least a few of the better = performing mutual funds owning the stock you are considering buying. In = some cases, however, if too many shares are owned by institutional = investors, this could be bad. That's because it represents large = potential selling if anything goes wrong with the company or the general = market. =20 =20 =20 =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:11 PM Subject: Re: [CANSLIM] Inst Ownership Gentlemen, if I may guide this discussion back to it's beginning, I = believe I was the one who pontificated that IBD/DGO recommends no more = than 25% mutual fund ownership, because otherwise there would be = inadequate institutional capacity left to buy the stock when it started = to move. In my opinion they use mutual funds because they leave a paper = trail, and the quality of investment skill can be measured. Other = institutions, for example life insurance companies, are more difficult = to evaluate.=20 For most public companies, institutions own most of the outstanding = float, maybe 80% to 90% (according to Yahoo). Since the bulk of the = ownership cannot be evaluated as respects investment skill and success, = WON hones in on that part that can be monitored; the mutual funds. He = recommends mutual fund sponsorship, but for growth stocks, he likes to = see the percentage of ownership at less than 25%, and the quality of = mutual fund ownership, above average.=20 But then, what do I know?=20 Charley=20 ------=_NextPart_000_003F_01C244FC.49EE5A40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Those references are very helpful, Katherine. Thank=20 you.
Ann
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, August 16, 2002 = 12:43=20 AM
Subject: Re: [CANSLIM] Inst=20 Ownership

Hi Charley et al,
 
Mark Boucher (The Hedge Fund Edge) recommends in his work = that=20 institutional ownership (banks + mutual funds) runs 10-30%. WON seems = to take=20 a more generalist view of the actual percentage and instead focuses on = both=20 the quality of ownership and the fact that ownership is=20 increasing. As with Boucher, WON considers both mutual funds = and=20 banks to be "institutional owners."
 
A great place to check ownership is at:
http://moneycentral.msn.com/investor/invsub/ownership/o= wnership.asp?Symbol=3DSBUX
Then use either the IBD's Mutual Fund ratings or look up ratings = at www.morningstar.com to take a = look at=20 quality of ownership.
 
-Katherine
 
From AskIBD (highlighting is mine):
 

Question

What percentage of a company's shares outstanding = should be=20 owned by institutions in order for the stock to qualify as = institutionally=20 well sponsored?

 

Answer

It's not so much what percentage of a company's = stock is=20 owned by institutions as the number of institutions that own it. You = don't=20 want to see just one institution owning it. Any stock you consider = purchasing=20 should be owned by at least a few mutual = funds and=20 preferably one or more banks or other institutional = investors.=20 Also, look for stocks owned by at least one top-rated mutual fund. The = better=20 funds research companies extensively. So when they buy a stock, it = serves as=20 way to cross-check how sound the company=20 is.

 

Question

Can too much institutional sponsorship be a bad=20 thing?

 

Answer

It depends on the company, their earnings and = their=20 products. In theory, if a stock is heavily owned by institutions, it = doesn't=20 leave much for other major investor's to buy and propel the stock = higher.=20 But if these companies continue to grow, = heavy=20 ownership should not create a=20 problem.

 

 

Question

What is a level of institutional ownership you = consider=20 when buying a stock? If too many shares are already owned by = institutional=20 investors, can that hurt a stock's chances of=20 rising?

  

Answer

It is hard to tell how = much=20 institutional ownership is too much. Therefore, you should place less = weight=20 on this factor. Rather, focus on the quality of ownership. You want to = see at=20 least a few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many = shares are=20 owned by institutional investors, this could be bad. That's because it = represents large potential selling if anything goes wrong with the = company or=20 the general market.

 

 

 

 

 
 
 
 
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, = 2002 11:11=20 PM
Subject: Re: [CANSLIM] Inst=20 Ownership

Gentlemen, if I may=20 guide this discussion back to it's beginning, I believe I was the = one who=20 pontificated that IBD/DGO recommends no more than 25% mutual fund = ownership,=20 because otherwise there would be inadequate institutional capacity = left to=20 buy the stock when it started to move. In my opinion they use mutual = funds=20 because they leave a paper trail, and the quality of investment = skill can be=20 measured. Other institutions, for example life insurance companies, = are more=20 difficult to evaluate.

For most public companies, = institutions own=20 most of the outstanding float, maybe 80% to 90% (according to = Yahoo). Since=20 the bulk of the ownership cannot be evaluated as respects investment = skill=20 and success, WON hones in on that part that can be monitored; the = mutual=20 funds. He recommends mutual fund sponsorship, but for growth stocks, = he=20 likes to see the percentage of ownership at less than 25%, and the = quality=20 of mutual fund ownership, above average.

But then, what do I = know?=20

Charley =
------=_NextPart_000_003F_01C244FC.49EE5A40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 08:10:48 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0121_01C244FC.6DB4AD80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable my opinion is worth exactly what you paid for it, Ann ----- Original Message -----=20 Sent: Friday, August 16, 2002 8:07 AM "For most public companies, institutions own most of the outstanding = float, maybe 80% to 90% (according to Yahoo)." But I thought Tom said that 90%+ institutional ownership was very rare. = Am I missing something? Ann ------=_NextPart_000_0121_01C244FC.6DB4AD80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
my opinion is worth exactly what you paid for = it,=20 Ann
 
----- Original Message -----=20
From: Ann =
Sent: Friday, August 16, 2002 8:07 AM
Subject: Re: [CANSLIM] Inst Ownership


"For most public companies, institutions own most of the = outstanding=20 float, maybe 80% to 90% (according to Yahoo)."
 
But I thought Tom said that 90%+ institutional ownership was very = rare. Am=20 I missing something?
 
Ann
------=_NextPart_000_0121_01C244FC.6DB4AD80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 08:54:58 EDT --part1_182.ccdc8f9.2a8e5022_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine: Thanks for clearing up the institutional ownership question. That CNBC web site is excellent. Charley --part1_182.ccdc8f9.2a8e5022_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine: Thanks for clearing up the institutional ownership question. That CNBC web site is excellent.

Charley --part1_182.ccdc8f9.2a8e5022_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: Favorite Resources (was: Inst Ownership) Date: 16 Aug 2002 08:23:47 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_007C_01C244FE.3DF00FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Charley and all, Charley's comment about the MSN site prompted me to upload a list of my = favorite resources (weblinks, etc) for CANSLIM. These are my own = personal favorites rather than a generic list as noted on the FAQ, so = you will notice that the tools I reference are the ones that I = personally use, not a definitive list of all things CANSLIM. http://WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc (this is a Word document) I'd encourage those of you who also have a set of favorite resources to = upload the list the CANSLIM FTP site, where they will be permanently = available to others. As I update the CANSLIM list FAQ, I'll include the = link to members' lists. Katherine ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 7:54 AM Subject: Re: [CANSLIM] Inst Ownership Katherine: Thanks for clearing up the institutional ownership = question. That CNBC web site is excellent.=20 Charley=20 ------=_NextPart_000_007C_01C244FE.3DF00FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Charley and all,
 
Charley's comment about the MSN site prompted me to upload a = list of=20 my favorite resources (weblinks, etc) for CANSLIM. These are my own = personal favorites rather than a generic list as noted on the FAQ, so = you will=20 notice that the tools I reference are the ones that I personally use, = not a=20 definitive list of all things CANSLIM.
 
http:/= /WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc
(this is a Word document)
 
I'd encourage those of you who also have a set of favorite = resources to=20 upload the list the CANSLIM FTP site, where they will be permanently = available=20 to others. As I update the CANSLIM list FAQ, I'll include the link to = members'=20 lists.
 
Katherine
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, August 16, 2002 = 7:54=20 AM
Subject: Re: [CANSLIM] Inst=20 Ownership

Katherine: = Thanks for=20 clearing up the institutional ownership question. That CNBC web site = is=20 excellent.

Charley ------=_NextPart_000_007C_01C244FE.3DF00FC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 06:57:21 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0024_01C244F2.2AF9BEE0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Mike, I don't subscribe to IBD, but I believe it shows some information = on the performance of funds, and some of their holdings, so you can see = if a stock is held by top performing funds. I am sure others can explain = more fully. I don't apply this principle of CANSLIM in my personal = investing, as I like to find a stock before the big boys do, and you = don't get many funds owning the small stocks I buy. ----- Original Message -----=20 Sent: Friday, August 16, 2002 3:15 AM > and the quality of mutual fund ownership, above average.=20 and there's the rub. Where is quality defined, how is it measured and = what is above average? Rhetorical question, because I don't think = there's an answer, But, I've been wrong before and I expect the = redoubtable Katherine or Tom will prove me so again :-) Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com Sent: Thursday, August 15, 2002 6:12 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Inst Ownership Gentlemen, if I may guide this discussion back to it's beginning, I = believe I was the one who pontificated that IBD/DGO recommends no more = than 25% mutual fund ownership, because otherwise there would be = inadequate institutional capacity left to buy the stock when it started = to move. In my opinion they use mutual funds because they leave a paper = trail, and the quality of investment skill can be measured. Other = institutions, for example life insurance companies, are more difficult = to evaluate.=20 For most public companies, institutions own most of the outstanding = float, maybe 80% to 90% (according to Yahoo). Since the bulk of the = ownership cannot be evaluated as respects investment skill and success, = WON hones in on that part that can be monitored; the mutual funds. He = recommends mutual fund sponsorship, but for growth stocks, he likes to = see the percentage of ownership at less than 25%, and the quality of = mutual fund ownership, above average.=20 But then, what do I know?=20 Charley=20 ------=_NextPart_000_0024_01C244F2.2AF9BEE0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Mike, I don't subscribe to IBD, but I believe it = shows=20 some information on the performance of funds, and some of their = holdings, so you=20 can see if a stock is held by top performing funds. I am sure others can = explain=20 more fully. I don't apply this principle of CANSLIM in my personal = investing, as=20 I like to find a stock before the big boys do, and you don't get many = funds=20 owning the small stocks I buy.
 
----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Friday, August 16, 2002 3:15 AM
Subject: RE: [CANSLIM] Inst Ownership

>=20 and the quality of mutual fund = ownership, above=20 average.
and=20 there's the rub. Where is quality defined, how is it measured and = what is=20 above average? Rhetorical question, because I don't think there's an = answer,=20 But, I've been wrong before and I expect the redoubtable Katherine or = Tom will=20 prove me so again :-)
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Chazmoore@aol.com
Sent: Thursday, August 15, 2002 6:12=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Inst Ownership

Gentlemen, if I may guide this discussion back to it's = beginning, I=20 believe I was the one who pontificated that IBD/DGO recommends no more = than=20 25% mutual fund ownership, because otherwise there would be inadequate = institutional capacity left to buy the stock when it started to move. = In my=20 opinion they use mutual funds because they leave a paper trail, and = the=20 quality of investment skill can be measured. Other institutions, for = example=20 life insurance companies, are more difficult to evaluate.

For = most=20 public companies, institutions own most of the outstanding float, = maybe 80% to=20 90% (according to Yahoo). Since the bulk of the ownership cannot be = evaluated=20 as respects investment skill and success, WON hones in on that part = that can=20 be monitored; the mutual funds. He recommends mutual fund sponsorship, = but for=20 growth stocks, he likes to see the percentage of ownership at less = than 25%,=20 and the quality of mutual fund ownership, above average.

But = then,=20 what do I know?

Charley =
------=_NextPart_000_0024_01C244F2.2AF9BEE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Re: Favorite Resources (was: Inst Ownership) Date: 16 Aug 2002 10:05:31 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00ED_01C2450C.74B15CE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, You are a gem! Thank you. This will help in the checklist I am making, of all the points to check = on a stock (chart and fundies) and where to check them. Ann ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 9:23 AM Subject: [CANSLIM] Re: Favorite Resources (was: Inst Ownership) Hi Charley and all, Charley's comment about the MSN site prompted me to upload a list of = my favorite resources (weblinks, etc) for CANSLIM. These are my own = personal favorites rather than a generic list as noted on the FAQ, so = you will notice that the tools I reference are the ones that I = personally use, not a definitive list of all things CANSLIM. http://WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc (this is a Word document) I'd encourage those of you who also have a set of favorite resources = to upload the list the CANSLIM FTP site, where they will be permanently = available to others. As I update the CANSLIM list FAQ, I'll include the = link to members' lists. Katherine ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 7:54 AM Subject: Re: [CANSLIM] Inst Ownership Katherine: Thanks for clearing up the institutional ownership = question. That CNBC web site is excellent.=20 Charley=20 ------=_NextPart_000_00ED_01C2450C.74B15CE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
You are a gem! Thank you.
 
This will help in the checklist I am making, of all = the points=20 to check on a stock (chart and fundies) and where to check=20 them.
 
Ann
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, August 16, 2002 = 9:23=20 AM
Subject: [CANSLIM] Re: Favorite = Resources=20 (was: Inst Ownership)

Hi Charley and all,
 
Charley's comment about the MSN site prompted me to upload a = list of=20 my favorite resources (weblinks, etc) for CANSLIM. These are my = own=20 personal favorites rather than a generic list as noted on the FAQ, so = you will=20 notice that the tools I reference are the ones that I personally use, = not a=20 definitive list of all things CANSLIM.
 
http:/= /WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc
(this is a Word document)
 
I'd encourage those of you who also have a set of favorite = resources to=20 upload the list the CANSLIM FTP site, where they will be permanently = available=20 to others. As I update the CANSLIM list FAQ, I'll include the link to = members'=20 lists.
 
Katherine
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, August 16, 2002 = 7:54=20 AM
Subject: Re: [CANSLIM] Inst=20 Ownership

Katherine: Thanks for=20 clearing up the institutional ownership question. That CNBC web site = is=20 excellent.

Charley=20
------=_NextPart_000_00ED_01C2450C.74B15CE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Favorite Resources (was: Inst Ownership) Date: 16 Aug 2002 10:14:32 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0219_01C2450D.B72C7270 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable great idea Katherine ----- Original Message -----=20 Sent: Friday, August 16, 2002 9:23 AM Hi Charley and all, Charley's comment about the MSN site prompted me to upload a list of my = favorite resources (weblinks, etc) for CANSLIM. These are my own = personal favorites rather than a generic list as noted on the FAQ, so = you will notice that the tools I reference are the ones that I = personally use, not a definitive list of all things CANSLIM. http://WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc (this is a Word document) I'd encourage those of you who also have a set of favorite resources to = upload the list the CANSLIM FTP site, where they will be permanently = available to others. As I update the CANSLIM list FAQ, I'll include the = link to members' lists. Katherine ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 7:54 AM Subject: Re: [CANSLIM] Inst Ownership Katherine: Thanks for clearing up the institutional ownership = question. That CNBC web site is excellent.=20 Charley=20 ------=_NextPart_000_0219_01C2450D.B72C7270 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
great idea Katherine
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Friday, August 16, 2002 9:23 AM
Subject: [CANSLIM] Re: Favorite Resources (was: Inst=20 Ownership)

Hi Charley and all,
 
Charley's comment about the MSN site prompted me to upload a = list of=20 my favorite resources (weblinks, etc) for CANSLIM. These are my own = personal favorites rather than a generic list as noted on the FAQ, so = you will=20 notice that the tools I reference are the ones that I personally use, = not a=20 definitive list of all things CANSLIM.
 
http:/= /WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc
(this is a Word document)
 
I'd encourage those of you who also have a set of favorite = resources to=20 upload the list the CANSLIM FTP site, where they will be permanently = available=20 to others. As I update the CANSLIM list FAQ, I'll include the link to = members'=20 lists.
 
Katherine
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, August 16, 2002 = 7:54=20 AM
Subject: Re: [CANSLIM] Inst=20 Ownership

Katherine: = Thanks for=20 clearing up the institutional ownership question. That CNBC web site = is=20 excellent.

Charley ------=_NextPart_000_0219_01C2450D.B72C7270-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] stop losses and profits Date: 16 Aug 2002 09:17:51 -0500 Group, In reading WON, he makes a statement that you should never let a stock in which you are up 10-15% turn into a loss, but I was wondering you have interpreted that along with the sell at no more than an 8% loss rule. Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ weeks), and then is started to correct....Do you sell at you break even point, or do you allow it to go to your 8% loss point before selling? This is assuming that the stock is NOT giving any strong sell signals, but appears to be pulling back "normally". Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] Re: Favorite Resources (was: Inst Ownership) Date: 16 Aug 2002 07:18:34 -0700 (PDT) Thanks Katherine. Once again you (your information)are the best part of my daily CANSLIM session. Jack --- Katherine Malm wrote: > Hi Charley and all, > > Charley's comment about the MSN site prompted me to > upload a list of my favorite resources (weblinks, > etc) for CANSLIM. These are my own personal > favorites rather than a generic list as noted on the > FAQ, so you will notice that the tools I reference > are the ones that I personally use, not a definitive > list of all things CANSLIM. > > http://WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc > (this is a Word document) > > I'd encourage those of you who also have a set of > favorite resources to upload the list the CANSLIM > FTP site, where they will be permanently available > to others. As I update the CANSLIM list FAQ, I'll > include the link to members' lists. > > Katherine > ----- Original Message ----- > From: Chazmoore@aol.com > To: canslim@lists.xmission.com > Sent: Friday, August 16, 2002 7:54 AM > Subject: Re: [CANSLIM] Inst Ownership > > > Katherine: Thanks for clearing up the > institutional ownership question. That CNBC web site > is excellent. > > Charley > ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] Re: Favorite Resources (was: Inst Ownership) Date: 16 Aug 2002 14:29:53 GMT Katherine, I thought I had a good list of sources, and I do. But this is impressive. Thanks for sharing. Norm Katherine Malm writes: > Hi Charley and all, > > Charley's comment about the MSN site prompted me to upload a list of my favorite resources (weblinks, etc) for CANSLIM. These are my own personal favorites rather than a generic list as noted on the FAQ, so you will notice that the tools I reference are the ones that I personally use, not a definitive list of all things CANSLIM. > > http://WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc > (this is a Word document) > > I'd encourage those of you who also have a set of favorite resources to upload the list the CANSLIM FTP site, where they will be permanently available to others. As I update the CANSLIM list FAQ, I'll include the link to members' lists. > > Katherine > ----- Original Message ----- > From: Chazmoore@aol.com > To: canslim@lists.xmission.com > Sent: Friday, August 16, 2002 7:54 AM > Subject: Re: [CANSLIM] Inst Ownership > > > Katherine: Thanks for clearing up the institutional ownership question. That CNBC web site is excellent. > > Charley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] CEO / CFO certifications Date: 16 Aug 2002 09:50:24 -0500 Tom, Not surprising on most of these companies- but was a little surprised to = see Coors and Advance Auto on the list. They've certainly had their 15 = minutes in IBD lately. Foreshadowing? Kelly -----Original Message----- Sent: Thursday, August 15, 2002 6:36 PM as per the SEC website, updated as of 7:10 PM tonight, following = companies expected to report by yesterday still had not filed. No indication is = shown of those that filed for the five day extension. Adolph Coors Company Advance Auto Parts, Inc. The AES Corporation Anadarko Petroleum Corporation Aon Corporation Aquila, Inc. Brightpoint, Inc. Cendant Corp Coca-Cola Enterprises Inc. Collins & Aikman Corp. Comdisco Inc. Conseco Inc. Consolidated Freightways Corp. Danaher Corporation DST Systems, Inc. Exide Technologies Foamex International Inc. Gemstar-TV Guide International Inc. Gentek Inc. Hercules Inc. Hub Group Inc. IT Group Inc. Jones Apparel Group Inc. Mariner Health Care Inc. McLeodUSA Incorporated Metaldyne Corporation MetLife Inc. Millennium Chemicals Inc. Newmont Mining Corporation NorthWestern Corporation NSTAR Perini Corp. Protective Life Corp. Qwest Communications Intl Reliant Energy Inc. Riverwood Holding Inc. Rock-Tenn Co. Sempra Energy. TXU Corp. U.S. Industries Inc. US Airways Group Inc. Weatherford International Inc. XO Communications Inc. Zions Bancorporation Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Inst Ownership Date: 16 Aug 2002 09:56:46 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24535.24817B40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, =20 I've used Morningstar's Mutual Fund ratings before and often wondered = how these ratings were accepted by the group. Have you found their = ratings to be helpful/accurate and do you weigh IBD's or another = sources' rating on mutual funds over Morningstar's? Also, seems like I = remember someone slamming "The Hedge Fund Edge" book a while back- would = you recommend this book for a reading list? -----Original Message----- Sent: Thursday, August 15, 2002 11:44 PM Hi Charley et al, =20 Mark Boucher (The Hedge Fund Edge) recommends in his work that = institutional ownership (banks + mutual funds) runs 10-30%. WON seems to = take a more generalist view of the actual percentage and instead focuses = on both the quality of ownership and the fact that ownership is = increasing. As with Boucher, WON considers both mutual funds and banks = to be "institutional owners." =20 A great place to check ownership is at: http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbo= l=3DSBUX Then use either the IBD's Mutual Fund ratings or look up ratings at = www.morningstar.com to take a look at quality of ownership. =20 -Katherine =20 >From AskIBD (highlighting is mine): =20 Question What percentage of a company's shares outstanding should be owned by = institutions in order for the stock to qualify as institutionally well = sponsored? =20 Answer It's not so much what percentage of a company's stock is owned by = institutions as the number of institutions that own it. You don't want = to see just one institution owning it. Any stock you consider purchasing = should be owned by at least a few mutual funds and preferably one or = more banks or other institutional investors. Also, look for stocks owned = by at least one top-rated mutual fund. The better funds research = companies extensively. So when they buy a stock, it serves as way to = cross-check how sound the company is. =20 Question Can too much institutional sponsorship be a bad thing? =20 Answer It depends on the company, their earnings and their products. In theory, = if a stock is heavily owned by institutions, it doesn't leave much for = other major investor's to buy and propel the stock higher. But if these = companies continue to grow, heavy ownership should not create a problem. =20 =20 Question What is a level of institutional ownership you consider when buying a = stock? If too many shares are already owned by institutional investors, = can that hurt a stock's chances of rising? =20 Answer It is hard to tell how much institutional ownership is too much. = Therefore, you should place less weight on this factor. Rather, focus on = the quality of ownership. You want to see at least a few of the better = performing mutual funds owning the stock you are considering buying. In = some cases, however, if too many shares are owned by institutional = investors, this could be bad. That's because it represents large = potential selling if anything goes wrong with the company or the general = market. =20 =20 =20 =20 =20 =20 =20 =20 =20 ----- Original Message -----=20 Sent: Thursday, August 15, 2002 11:11 PM Gentlemen, if I may guide this discussion back to it's beginning, I = believe I was the one who pontificated that IBD/DGO recommends no more = than 25% mutual fund ownership, because otherwise there would be = inadequate institutional capacity left to buy the stock when it started = to move. In my opinion they use mutual funds because they leave a paper = trail, and the quality of investment skill can be measured. Other = institutions, for example life insurance companies, are more difficult = to evaluate.=20 For most public companies, institutions own most of the outstanding = float, maybe 80% to 90% (according to Yahoo). Since the bulk of the = ownership cannot be evaluated as respects investment skill and success, = WON hones in on that part that can be monitored; the mutual funds. He = recommends mutual fund sponsorship, but for growth stocks, he likes to = see the percentage of ownership at less than 25%, and the quality of = mutual fund ownership, above average.=20 But then, what do I know?=20 Charley=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24535.24817B40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
I've=20 used Morningstar's Mutual Fund ratings before and often wondered how = these=20 ratings were accepted by the group. Have you found their ratings to be=20 helpful/accurate and do you weigh IBD's or another sources' rating on = mutual=20 funds over Morningstar's? Also, seems like I remember someone slamming = "The=20 Hedge Fund Edge" book a while back- would you recommend this book for a = reading=20 list?
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Thursday, August 15, 2002 = 11:44=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Inst Ownership

Hi Charley et al,
 
Mark Boucher (The Hedge Fund Edge) recommends in his work = that=20 institutional ownership (banks + mutual funds) runs 10-30%. WON seems = to take=20 a more generalist view of the actual percentage and instead focuses on = both=20 the quality of ownership and the fact that ownership is=20 increasing. As with Boucher, WON considers both mutual funds = and=20 banks to be "institutional owners."
 
A great place to check ownership is at:
http://moneycentral.msn.com/investor/invsub/ownership/o= wnership.asp?Symbol=3DSBUX
Then use either the IBD's Mutual Fund ratings or look up ratings = at www.morningstar.com to take a = look at=20 quality of ownership.
 
-Katherine
 
From AskIBD (highlighting is mine):
 

Question

What percentage of a company's shares outstanding = should be=20 owned by institutions in order for the stock to qualify as = institutionally=20 well sponsored?

 

Answer

It's not so much what percentage of a company's = stock is=20 owned by institutions as the number of institutions that own it. You = don't=20 want to see just one institution owning it. Any stock you consider = purchasing=20 should be owned by at least a few mutual = funds and=20 preferably one or more banks or other institutional = investors.=20 Also, look for stocks owned by at least one top-rated mutual fund. The = better=20 funds research companies extensively. So when they buy a stock, it = serves as=20 way to cross-check how sound the company=20 is.

 

Question

Can too much institutional sponsorship be a bad=20 thing?

 

Answer

It depends on the company, their earnings and = their=20 products. In theory, if a stock is heavily owned by institutions, it = doesn't=20 leave much for other major investor's to buy and propel the stock = higher.=20 But if these companies continue to grow, = heavy=20 ownership should not create a=20 problem.

 

 

Question

What is a level of institutional ownership you = consider=20 when buying a stock? If too many shares are already owned by = institutional=20 investors, can that hurt a stock's chances of=20 rising?

  

Answer

It is hard to tell how = much=20 institutional ownership is too much. Therefore, you should place less = weight=20 on this factor. Rather, focus on the quality of ownership. You want to = see at=20 least a few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many = shares are=20 owned by institutional investors, this could be bad. That's because it = represents large potential selling if anything goes wrong with the = company or=20 the general market.

 

 

 

 

 
 
 
 
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, = 2002 11:11=20 PM
Subject: Re: [CANSLIM] Inst=20 Ownership

Gentlemen, if I may=20 guide this discussion back to it's beginning, I believe I was the = one who=20 pontificated that IBD/DGO recommends no more than 25% mutual fund = ownership,=20 because otherwise there would be inadequate institutional capacity = left to=20 buy the stock when it started to move. In my opinion they use mutual = funds=20 because they leave a paper trail, and the quality of investment = skill can be=20 measured. Other institutions, for example life insurance companies, = are more=20 difficult to evaluate.

For most public companies, = institutions own=20 most of the outstanding float, maybe 80% to 90% (according to = Yahoo). Since=20 the bulk of the ownership cannot be evaluated as respects investment = skill=20 and success, WON hones in on that part that can be monitored; the = mutual=20 funds. He recommends mutual fund sponsorship, but for growth stocks, = he=20 likes to see the percentage of ownership at less than 25%, and the = quality=20 of mutual fund ownership, above average.

But then, what do I = know?=20

Charley
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24535.24817B40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Market turning UP Date: 16 Aug 2002 09:58:38 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24535.674FAF16 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, =20 Ernie still publishes his newsletter daily- he just switched services to = distribute it. If you are interested in receiving it send me an email = off-line and I'll send you his new address. =20 Kelly =20 -----Original Message----- Sent: Friday, August 16, 2002 1:19 AM I signed up for the email from the man who was in the group and had to = leave because he didn't have time to keep up with this list. I believe = his name is Ernie. He said his charts show that we will be in a bull = till the end of Sept. or beginning of Oct. (for those who did not sign = up for it:) Minus a war, etc. This would be nice. Nancy =20 ----- Original Message ----- Sent: Thursday, August 15, 2002 7:07 PM =20 Tom: This is a bit off subject but I am sending it anyway so you can = feel bullish again.=20 Today, the NYSE Bullish Indicator shows that 36% of stocks on the NYSE = are signaling buy, with Bull Confirmed. The NASDAQ 100 Bullish Indicator = is now at 38% with Bull Confirmed, and the S&P 500 Bullish Indicator is = at 44% with a Bull Alert.=20 Granted, this may be a correction within a bear market, but for the = short term it looks pretty good. (I suspect it will crash tomorrow after = I have set myself up, but remember Tom, I am doing this for you.)=20 Charley=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24535.674FAF16 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy,
 
Ernie still = publishes his=20 newsletter daily- he just switched services to distribute it. If you are = interested in receiving it send me an email off-line and I'll send you = his new=20 address.
 
Kelly
 
-----Original Message-----
From: NANCY POLCARO = [mailto:ZILLAGIRL@msn.com]
Sent: Friday, August 16, 2002 = 1:19=20 AM
To: canslim
Subject: Re: [CANSLIM] Market = turning=20 UP

I signed up for the email from the man who was in the group and = had to=20 leave because he didn't  have time to keep up with this = list.=20 I  believe  his name is Ernie.  He said his charts show = that we=20 will be in a bull till the end of Sept. or beginning of Oct. (for = those who=20 did not sign up for it:)  Minus a war, etc.  This would be = nice.=20 Nancy
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, = 2002 7:07=20 PM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] Market = turning=20 UP
 
Tom: This is a bit off = subject=20 but I am sending it anyway so you can feel bullish again.
Today, = the=20 NYSE Bullish Indicator shows that 36% of stocks on the NYSE are = signaling=20 buy, with Bull Confirmed. The NASDAQ 100 Bullish Indicator is now at = 38%=20 with Bull Confirmed, and the S&P 500 Bullish Indicator is at 44% = with a=20 Bull Alert.
Granted, this may be a correction within a bear = market, but=20 for the short term it looks pretty good. (I suspect it will crash = tomorrow=20 after I have set myself up, but remember Tom, I am doing this for = you.)=20

Charley
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24535.674FAF16-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CEO / CFO certifications Date: 16 Aug 2002 10:59:21 -0400 At least 20 or 30 companies applied, and presumably received, a five day extension, but no way from the site of knowing which ones. ----- Original Message ----- Sent: Friday, August 16, 2002 10:50 AM Tom, Not surprising on most of these companies- but was a little surprised to see Coors and Advance Auto on the list. They've certainly had their 15 minutes in IBD lately. Foreshadowing? Kelly -----Original Message----- Sent: Thursday, August 15, 2002 6:36 PM as per the SEC website, updated as of 7:10 PM tonight, following companies expected to report by yesterday still had not filed. No indication is shown of those that filed for the five day extension. Adolph Coors Company Advance Auto Parts, Inc. The AES Corporation Anadarko Petroleum Corporation Aon Corporation Aquila, Inc. Brightpoint, Inc. Cendant Corp Coca-Cola Enterprises Inc. Collins & Aikman Corp. Comdisco Inc. Conseco Inc. Consolidated Freightways Corp. Danaher Corporation DST Systems, Inc. Exide Technologies Foamex International Inc. Gemstar-TV Guide International Inc. Gentek Inc. Hercules Inc. Hub Group Inc. IT Group Inc. Jones Apparel Group Inc. Mariner Health Care Inc. McLeodUSA Incorporated Metaldyne Corporation MetLife Inc. Millennium Chemicals Inc. Newmont Mining Corporation NorthWestern Corporation NSTAR Perini Corp. Protective Life Corp. Qwest Communications Intl Reliant Energy Inc. Riverwood Holding Inc. Rock-Tenn Co. Sempra Energy. TXU Corp. U.S. Industries Inc. US Airways Group Inc. Weatherford International Inc. XO Communications Inc. Zions Bancorporation Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Inst Ownership Date: 16 Aug 2002 09:56:46 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24535.24817B40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, =20 I've used Morningstar's Mutual Fund ratings before and often wondered = how these ratings were accepted by the group. Have you found their = ratings to be helpful/accurate and do you weigh IBD's or another = sources' rating on mutual funds over Morningstar's? Also, seems like I = remember someone slamming "The Hedge Fund Edge" book a while back- would = you recommend this book for a reading list? -----Original Message----- Sent: Thursday, August 15, 2002 11:44 PM Hi Charley et al, =20 Mark Boucher (The Hedge Fund Edge) recommends in his work that = institutional ownership (banks + mutual funds) runs 10-30%. WON seems to = take a more generalist view of the actual percentage and instead focuses = on both the quality of ownership and the fact that ownership is = increasing. As with Boucher, WON considers both mutual funds and banks = to be "institutional owners." =20 A great place to check ownership is at: http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbo= l=3DSBUX Then use either the IBD's Mutual Fund ratings or look up ratings at = www.morningstar.com to take a look at quality of ownership. =20 -Katherine =20 >From AskIBD (highlighting is mine): =20 Question What percentage of a company's shares outstanding should be owned by = institutions in order for the stock to qualify as institutionally well = sponsored? =20 Answer It's not so much what percentage of a company's stock is owned by = institutions as the number of institutions that own it. You don't want = to see just one institution owning it. Any stock you consider purchasing = should be owned by at least a few mutual funds and preferably one or = more banks or other institutional investors. Also, look for stocks owned = by at least one top-rated mutual fund. The better funds research = companies extensively. So when they buy a stock, it serves as way to = cross-check how sound the company is. =20 Question Can too much institutional sponsorship be a bad thing? =20 Answer It depends on the company, their earnings and their products. In theory, = if a stock is heavily owned by institutions, it doesn't leave much for = other major investor's to buy and propel the stock higher. But if these = companies continue to grow, heavy ownership should not create a problem. =20 =20 Question What is a level of institutional ownership you consider when buying a = stock? If too many shares are already owned by institutional investors, = can that hurt a stock's chances of rising? =20 Answer It is hard to tell how much institutional ownership is too much. = Therefore, you should place less weight on this factor. Rather, focus on = the quality of ownership. You want to see at least a few of the better = performing mutual funds owning the stock you are considering buying. In = some cases, however, if too many shares are owned by institutional = investors, this could be bad. That's because it represents large = potential selling if anything goes wrong with the company or the general = market. =20 =20 =20 =20 =20 =20 =20 =20 =20 ----- Original Message -----=20 Sent: Thursday, August 15, 2002 11:11 PM Gentlemen, if I may guide this discussion back to it's beginning, I = believe I was the one who pontificated that IBD/DGO recommends no more = than 25% mutual fund ownership, because otherwise there would be = inadequate institutional capacity left to buy the stock when it started = to move. In my opinion they use mutual funds because they leave a paper = trail, and the quality of investment skill can be measured. Other = institutions, for example life insurance companies, are more difficult = to evaluate.=20 For most public companies, institutions own most of the outstanding = float, maybe 80% to 90% (according to Yahoo). Since the bulk of the = ownership cannot be evaluated as respects investment skill and success, = WON hones in on that part that can be monitored; the mutual funds. He = recommends mutual fund sponsorship, but for growth stocks, he likes to = see the percentage of ownership at less than 25%, and the quality of = mutual fund ownership, above average.=20 But then, what do I know?=20 Charley=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24535.24817B40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
I've=20 used Morningstar's Mutual Fund ratings before and often wondered how = these=20 ratings were accepted by the group. Have you found their ratings to be=20 helpful/accurate and do you weigh IBD's or another sources' rating on = mutual=20 funds over Morningstar's? Also, seems like I remember someone slamming = "The=20 Hedge Fund Edge" book a while back- would you recommend this book for a = reading=20 list?
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Thursday, August 15, 2002 = 11:44=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Inst Ownership

Hi Charley et al,
 
Mark Boucher (The Hedge Fund Edge) recommends in his work = that=20 institutional ownership (banks + mutual funds) runs 10-30%. WON seems = to take=20 a more generalist view of the actual percentage and instead focuses on = both=20 the quality of ownership and the fact that ownership is=20 increasing. As with Boucher, WON considers both mutual funds = and=20 banks to be "institutional owners."
 
A great place to check ownership is at:
http://moneycentral.msn.com/investor/invsub/ownership/o= wnership.asp?Symbol=3DSBUX
Then use either the IBD's Mutual Fund ratings or look up ratings = at www.morningstar.com to take a = look at=20 quality of ownership.
 
-Katherine
 
From AskIBD (highlighting is mine):
 

Question

What percentage of a company's shares outstanding = should be=20 owned by institutions in order for the stock to qualify as = institutionally=20 well sponsored?

 

Answer

It's not so much what percentage of a company's = stock is=20 owned by institutions as the number of institutions that own it. You = don't=20 want to see just one institution owning it. Any stock you consider = purchasing=20 should be owned by at least a few mutual = funds and=20 preferably one or more banks or other institutional = investors.=20 Also, look for stocks owned by at least one top-rated mutual fund. The = better=20 funds research companies extensively. So when they buy a stock, it = serves as=20 way to cross-check how sound the company=20 is.

 

Question

Can too much institutional sponsorship be a bad=20 thing?

 

Answer

It depends on the company, their earnings and = their=20 products. In theory, if a stock is heavily owned by institutions, it = doesn't=20 leave much for other major investor's to buy and propel the stock = higher.=20 But if these companies continue to grow, = heavy=20 ownership should not create a=20 problem.

 

 

Question

What is a level of institutional ownership you = consider=20 when buying a stock? If too many shares are already owned by = institutional=20 investors, can that hurt a stock's chances of=20 rising?

  

Answer

It is hard to tell how = much=20 institutional ownership is too much. Therefore, you should place less = weight=20 on this factor. Rather, focus on the quality of ownership. You want to = see at=20 least a few of the better performing mutual funds owning the stock you = are=20 considering buying. In some cases, however, if too many = shares are=20 owned by institutional investors, this could be bad. That's because it = represents large potential selling if anything goes wrong with the = company or=20 the general market.

 

 

 

 

 
 
 
 
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Thursday, August 15, = 2002 11:11=20 PM
Subject: Re: [CANSLIM] Inst=20 Ownership

Gentlemen, if I may=20 guide this discussion back to it's beginning, I believe I was the = one who=20 pontificated that IBD/DGO recommends no more than 25% mutual fund = ownership,=20 because otherwise there would be inadequate institutional capacity = left to=20 buy the stock when it started to move. In my opinion they use mutual = funds=20 because they leave a paper trail, and the quality of investment = skill can be=20 measured. Other institutions, for example life insurance companies, = are more=20 difficult to evaluate.

For most public companies, = institutions own=20 most of the outstanding float, maybe 80% to 90% (according to = Yahoo). Since=20 the bulk of the ownership cannot be evaluated as respects investment = skill=20 and success, WON hones in on that part that can be monitored; the = mutual=20 funds. He recommends mutual fund sponsorship, but for growth stocks, = he=20 likes to see the percentage of ownership at less than 25%, and the = quality=20 of mutual fund ownership, above average.

But then, what do I = know?=20

Charley
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24535.24817B40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 11:20:42 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0036_01C24516.F55439D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Kelly, I'm not all that keen on the current ranking systems of mutual funds, = IBD or Morningstar, as they take *all* funds and assign scores = accordingly. I found this to be particularly obvious in early 2000, when = the 3 year track record of aggressive growth funds were A+ and = value/bond funds were D-. In other words, you're looking at rankings = that are influenced by what *has* been working in the market, rather = than the track performance of that fund vs. similar funds. I understand = Morningstar is in the process of changing their ranking systems for just = that reason, though I haven't kept up with the progress of those = changes. (Perhaps somebody here can add their take on this). So, all in all, I'm leery of simply concluding that Fund xxx is a = "quality" fund because they have an IBD ranking of A+ and/or a = Morningstar rating of 5 stars. But, such as it is, it at least give you = a clue. I personally don't worry too much about this aspect of my = CANSLIM mining technique, preferring to dig into these details only if = I've got two candidates tied and am having trouble choosing between = them, or if I want to be "double extra sure" that all things look right = for the particular candidate. On the "Hedge Fund Edge"--I refer to Mark Boucher as "CANSLIM on = steroids" and consider his book only good for those who already have an = advanced understanding of investing and CANSLIM. He covers monetarist = economic theory, money management, risk management, = entry/exit/selection, etc. In other words, decidedly not a beginner's = book. However, if you're further along the CANSLIM and investing = learning curve, I think it's a gold mine of information. Boucher is = sharp as a tack, has an impressive track record, and has one of the most = level-headed approaches to investing I've run across next to WON = himself. Katherine ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 9:56 AM Subject: RE: [CANSLIM] Inst Ownership Katherine, I've used Morningstar's Mutual Fund ratings before and often wondered = how these ratings were accepted by the group. Have you found their = ratings to be helpful/accurate and do you weigh IBD's or another = sources' rating on mutual funds over Morningstar's? Also, seems like I = remember someone slamming "The Hedge Fund Edge" book a while back- would = you recommend this book for a reading list? -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Thursday, August 15, 2002 11:44 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Inst Ownership Hi Charley et al, Mark Boucher (The Hedge Fund Edge) recommends in his work that = institutional ownership (banks + mutual funds) runs 10-30%. WON seems to = take a more generalist view of the actual percentage and instead focuses = on both the quality of ownership and the fact that ownership is = increasing. As with Boucher, WON considers both mutual funds and banks = to be "institutional owners." A great place to check ownership is at: = http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbo= l=3DSBUX Then use either the IBD's Mutual Fund ratings or look up ratings at = www.morningstar.com to take a look at quality of ownership. -Katherine From AskIBD (highlighting is mine): Question What percentage of a company's shares outstanding should be owned by = institutions in order for the stock to qualify as institutionally well = sponsored? =20 Answer It's not so much what percentage of a company's stock is owned by = institutions as the number of institutions that own it. You don't want = to see just one institution owning it. Any stock you consider purchasing = should be owned by at least a few mutual funds and preferably one or = more banks or other institutional investors. Also, look for stocks owned = by at least one top-rated mutual fund. The better funds research = companies extensively. So when they buy a stock, it serves as way to = cross-check how sound the company is. =20 Question Can too much institutional sponsorship be a bad thing? =20 Answer It depends on the company, their earnings and their products. In = theory, if a stock is heavily owned by institutions, it doesn't leave = much for other major investor's to buy and propel the stock higher. But = if these companies continue to grow, heavy ownership should not create a = problem. =20 =20 Question What is a level of institutional ownership you consider when buying = a stock? If too many shares are already owned by institutional = investors, can that hurt a stock's chances of rising? =20 Answer It is hard to tell how much institutional ownership is too much. = Therefore, you should place less weight on this factor. Rather, focus on = the quality of ownership. You want to see at least a few of the better = performing mutual funds owning the stock you are considering buying. In = some cases, however, if too many shares are owned by institutional = investors, this could be bad. That's because it represents large = potential selling if anything goes wrong with the company or the general = market. =20 =20 =20 =20 ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 15, 2002 11:11 PM Subject: Re: [CANSLIM] Inst Ownership Gentlemen, if I may guide this discussion back to it's beginning, = I believe I was the one who pontificated that IBD/DGO recommends no more = than 25% mutual fund ownership, because otherwise there would be = inadequate institutional capacity left to buy the stock when it started = to move. In my opinion they use mutual funds because they leave a paper = trail, and the quality of investment skill can be measured. Other = institutions, for example life insurance companies, are more difficult = to evaluate.=20 For most public companies, institutions own most of the = outstanding float, maybe 80% to 90% (according to Yahoo). Since the bulk = of the ownership cannot be evaluated as respects investment skill and = success, WON hones in on that part that can be monitored; the mutual = funds. He recommends mutual fund sponsorship, but for growth stocks, he = likes to see the percentage of ownership at less than 25%, and the = quality of mutual fund ownership, above average.=20 But then, what do I know?=20 Charley=20 --- For your protection, this e-mail message has been scanned for = viruses.=20 Visit us at http://www.neoris.com/=20 --- ------=_NextPart_000_0036_01C24516.F55439D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Kelly,
 
I'm not all that keen on the current ranking systems of mutual = funds, IBD=20 or Morningstar, as they take *all* funds and assign scores accordingly. = I found=20 this to be particularly obvious in early 2000, when the 3 year track = record of=20 aggressive growth funds were A+ and value/bond funds were D-. In other = words,=20 you're looking at rankings that are influenced by what *has* been = working in the=20 market, rather than the track performance of that fund vs. similar = funds. I=20 understand Morningstar is in the process of changing their ranking = systems for=20 just that reason, though I haven't kept up with the progress of those = changes.=20 (Perhaps somebody here can add their take on this).
 
So, all in all, I'm leery of simply concluding that Fund xxx is a = "quality"=20 fund because they have an IBD ranking of A+ and/or a Morningstar rating = of 5=20 stars. But, such as it is, it at least give you a clue. I personally = don't worry=20 too much about this aspect of my CANSLIM mining technique, preferring to = dig=20 into these details only if I've got two candidates tied and am having = trouble=20 choosing between them, or if I want to be "double extra sure" that all = things=20 look right for the particular candidate.
 
On the "Hedge Fund Edge"--I refer to Mark Boucher as "CANSLIM on = steroids"=20 and consider his book only good for those who already have an advanced=20 understanding of investing and CANSLIM. He covers monetarist economic = theory,=20 money management, risk management, entry/exit/selection, etc. In other = words,=20 decidedly not a beginner's book. However, if you're further along the = CANSLIM=20 and investing learning curve, I think it's a gold mine of information. = Boucher=20 is sharp as a tack, has an impressive track record, and has one of the = most=20 level-headed approaches to investing I've run across next to WON = himself.
 
Katherine
----- Original Message -----
From:=20 Kelly Short
Sent: Friday, August 16, 2002 = 9:56=20 AM
Subject: RE: [CANSLIM] Inst=20 Ownership

Katherine,
 
I've=20 used Morningstar's Mutual Fund ratings before and often wondered how = these=20 ratings were accepted by the group. Have you found their ratings to be = helpful/accurate and do you weigh IBD's or another sources' rating on = mutual=20 funds over Morningstar's? Also, seems like I remember someone slamming = "The=20 Hedge Fund Edge" book a while back- would you recommend this book for = a=20 reading list?
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Thursday, August 15, = 2002 11:44=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Inst Ownership

Hi Charley et al,
 
Mark Boucher (The Hedge Fund Edge) recommends in his work = that=20 institutional ownership (banks + mutual funds) runs 10-30%. WON = seems to=20 take a more generalist view of the actual percentage and instead = focuses on=20 both the quality of ownership and the fact that ownership = is=20 increasing. As with Boucher, WON considers both mutual = funds and=20 banks to be "institutional owners."
 
A great place to check ownership is at:
http://moneycentral.msn.com/investor/invsub/ownership/o= wnership.asp?Symbol=3DSBUX
Then use either the IBD's Mutual Fund ratings or look up = ratings at www.morningstar.com to take = a look at=20 quality of ownership.
 
-Katherine
 
From AskIBD (highlighting is mine):
 

Question

What percentage of a company's shares = outstanding should=20 be owned by institutions in order for the stock to qualify as=20 institutionally well sponsored?

 

Answer

It's not so much what percentage of a company's = stock is=20 owned by institutions as the number of institutions that own it. You = don't=20 want to see just one institution owning it. Any stock you consider=20 purchasing should be owned by at least a = few mutual=20 funds and preferably one or more banks or other institutional=20 investors. Also, look for stocks owned by at least one = top-rated=20 mutual fund. The better funds research companies extensively. So = when they=20 buy a stock, it serves as way to cross-check how sound the company=20 is.

 

Question

Can too much institutional sponsorship be a bad = thing?

 

Answer

It depends on the company, their earnings and = their=20 products. In theory, if a stock is heavily owned by institutions, it = doesn't=20 leave much for other major investor's to buy and propel the stock = higher.=20 But if these companies continue to grow, = heavy=20 ownership should not create a=20 problem.

 

 

Question

What is a level of institutional ownership you = consider=20 when buying a stock? If too many shares are already owned by = institutional=20 investors, can that hurt a stock's chances of=20 rising?

  

Answer

It is hard to tell = how much=20 institutional ownership is too much. Therefore, you should place = less weight=20 on this factor. Rather, focus on the quality of ownership. You want = to see=20 at least a few of the better performing mutual funds owning the = stock you=20 are considering buying. In some cases, however, if too = many=20 shares are owned by institutional investors, this could be bad. = That's=20 because it represents large potential selling if anything goes wrong = with=20 the company or the general = market.

 

 

 

 

 
 
 
 
 
----- Original Message ----- =
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Thursday, August 15, = 2002 11:11=20 PM
Subject: Re: [CANSLIM] Inst = Ownership

Gentlemen, if I may=20 guide this discussion back to it's beginning, I believe I was the = one who=20 pontificated that IBD/DGO recommends no more than 25% mutual fund=20 ownership, because otherwise there would be inadequate = institutional=20 capacity left to buy the stock when it started to move. In my = opinion they=20 use mutual funds because they leave a paper trail, and the quality = of=20 investment skill can be measured. Other institutions, for example = life=20 insurance companies, are more difficult to evaluate.

For = most=20 public companies, institutions own most of the outstanding float, = maybe=20 80% to 90% (according to Yahoo). Since the bulk of the ownership = cannot be=20 evaluated as respects investment skill and success, WON hones in = on that=20 part that can be monitored; the mutual funds. He recommends mutual = fund=20 sponsorship, but for growth stocks, he likes to see the percentage = of=20 ownership at less than 25%, and the quality of mutual fund = ownership,=20 above average.

But then, what do I know? =

Charley=20
For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

------=_NextPart_000_0036_01C24516.F55439D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CEO / CFO certifications Date: 16 Aug 2002 10:59:21 -0400 At least 20 or 30 companies applied, and presumably received, a five day extension, but no way from the site of knowing which ones. ----- Original Message ----- Sent: Friday, August 16, 2002 10:50 AM Tom, Not surprising on most of these companies- but was a little surprised to see Coors and Advance Auto on the list. They've certainly had their 15 minutes in IBD lately. Foreshadowing? Kelly -----Original Message----- Sent: Thursday, August 15, 2002 6:36 PM as per the SEC website, updated as of 7:10 PM tonight, following companies expected to report by yesterday still had not filed. No indication is shown of those that filed for the five day extension. Adolph Coors Company Advance Auto Parts, Inc. The AES Corporation Anadarko Petroleum Corporation Aon Corporation Aquila, Inc. Brightpoint, Inc. Cendant Corp Coca-Cola Enterprises Inc. Collins & Aikman Corp. Comdisco Inc. Conseco Inc. Consolidated Freightways Corp. Danaher Corporation DST Systems, Inc. Exide Technologies Foamex International Inc. Gemstar-TV Guide International Inc. Gentek Inc. Hercules Inc. Hub Group Inc. IT Group Inc. Jones Apparel Group Inc. Mariner Health Care Inc. McLeodUSA Incorporated Metaldyne Corporation MetLife Inc. Millennium Chemicals Inc. Newmont Mining Corporation NorthWestern Corporation NSTAR Perini Corp. Protective Life Corp. Qwest Communications Intl Reliant Energy Inc. Riverwood Holding Inc. Rock-Tenn Co. Sempra Energy. TXU Corp. U.S. Industries Inc. US Airways Group Inc. Weatherford International Inc. XO Communications Inc. Zions Bancorporation Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Inst Ownership Date: 16 Aug 2002 11:06:36 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0027_01C24514.FD0A2C40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I am with Katherine on this topic (and on most for that matter) I dont pay too much attention to quality of funds rankings. Instead there are some names that I do follow and if they own the stock it is a bonus but if not then it doesnt stop me from purchasing the stock. I use http://www.lionshares.com and some of the names I look for are Wasatch funds, Zweig-Dimenna, Driehaus, Soros, Vinik, Tudor, Maverick Capital, Omega, Cobalt, Duquesne, Caxton, and some others I cant think of. Basically I look for owners that have a great long-term track record most of them Hedge funds. I figure that if someone like Dimenna or Omega owns my stock then there is a better chance that I didnt miss some big flaw in the company. Most of those mentioned do a little of everything with a few devoted growth and value guys in there. As for Hedge Fund Edge I have already mentioned it before as one of the best investing/trading/econ books out there. Boucher really is not only a smart guy that knows his stuff but he knows how to teach. David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, August 16, 2002 10:21 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Inst Ownership Hi Kelly, I'm not all that keen on the current ranking systems of mutual funds, IBD or Morningstar, as they take *all* funds and assign scores accordingly. I found this to be particularly obvious in early 2000, when the 3 year track record of aggressive growth funds were A+ and value/bond funds were D-. In other words, you're looking at rankings that are influenced by what *has* been working in the market, rather than the track performance of that fund vs. similar funds. I understand Morningstar is in the process of changing their ranking systems for just that reason, though I haven't kept up with the progress of those changes. (Perhaps somebody here can add their take on this). So, all in all, I'm leery of simply concluding that Fund xxx is a "quality" fund because they have an IBD ranking of A+ and/or a Morningstar rating of 5 stars. But, such as it is, it at least give you a clue. I personally don't worry too much about this aspect of my CANSLIM mining technique, preferring to dig into these details only if I've got two candidates tied and am having trouble choosing between them, or if I want to be "double extra sure" that all things look right for the particular candidate. On the "Hedge Fund Edge"--I refer to Mark Boucher as "CANSLIM on steroids" and consider his book only good for those who already have an advanced understanding of investing and CANSLIM. He covers monetarist economic theory, money management, risk management, entry/exit/selection, etc. In other words, decidedly not a beginner's book. However, if you're further along the CANSLIM and investing learning curve, I think it's a gold mine of information. Boucher is sharp as a tack, has an impressive track record, and has one of the most level-headed approaches to investing I've run across next to WON himself. Katherine ----- Original Message ----- From: Kelly Short To: canslim@lists.xmission.com Sent: Friday, August 16, 2002 9:56 AM Subject: RE: [CANSLIM] Inst Ownership Katherine, I've used Morningstar's Mutual Fund ratings before and often wondered how these ratings were accepted by the group. Have you found their ratings to be helpful/accurate and do you weigh IBD's or another sources' rating on mutual funds over Morningstar's? Also, seems like I remember someone slamming "The Hedge Fund Edge" book a while back- would you recommend this book for a reading list? -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Thursday, August 15, 2002 11:44 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Inst Ownership Hi Charley et al, Mark Boucher (The Hedge Fund Edge) recommends in his work that institutional ownership (banks + mutual funds) runs 10-30%. WON seems to take a more generalist view of the actual percentage and instead focuses on both the quality of ownership and the fact that ownership is increasing. As with Boucher, WON considers both mutual funds and banks to be "institutional owners." A great place to check ownership is at: http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=S BUX Then use either the IBD's Mutual Fund ratings or look up ratings at www.morningstar.com to take a look at quality of ownership. -Katherine From AskIBD (highlighting is mine): Question What percentage of a company's shares outstanding should be owned by institutions in order for the stock to qualify as institutionally well sponsored? Answer It's not so much what percentage of a company's stock is owned by institutions as the number of institutions that own it. You don't want to see just one institution owning it. Any stock you consider purchasing should be owned by at least a few mutual funds and preferably one or more banks or other institutional investors. Also, look for stocks owned by at least one top-rated mutual fund. The better funds research companies extensively. So when they buy a stock, it serves as way to cross-check how sound the company is. Question Can too much institutional sponsorship be a bad thing? Answer It depends on the company, their earnings and their products. In theory, if a stock is heavily owned by institutions, it doesn't leave much for other major investor's to buy and propel the stock higher. But if these companies continue to grow, heavy ownership should not create a problem. Question What is a level of institutional ownership you consider when buying a stock? If too many shares are already owned by institutional investors, can that hurt a stock's chances of rising? Answer It is hard to tell how much institutional ownership is too much. Therefore, you should place less weight on this factor. Rather, focus on the quality of ownership. You want to see at least a few of the better performing mutual funds owning the stock you are considering buying. In some cases, however, if too many shares are owned by institutional investors, this could be bad. That's because it represents large potential selling if anything goes wrong with the company or the general market. ----- Original Message ----- From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Thursday, August 15, 2002 11:11 PM Subject: Re: [CANSLIM] Inst Ownership Gentlemen, if I may guide this discussion back to it's beginning, I believe I was the one who pontificated that IBD/DGO recommends no more than 25% mutual fund ownership, because otherwise there would be inadequate institutional capacity left to buy the stock when it started to move. In my opinion they use mutual funds because they leave a paper trail, and the quality of investment skill can be measured. Other institutions, for example life insurance companies, are more difficult to evaluate. For most public companies, institutions own most of the outstanding float, maybe 80% to 90% (according to Yahoo). Since the bulk of the ownership cannot be evaluated as respects investment skill and success, WON hones in on that part that can be monitored; the mutual funds. He recommends mutual fund sponsorship, but for growth stocks, he likes to see the percentage of ownership at less than 25%, and the quality of mutual fund ownership, above average. But then, what do I know? Charley For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ ------=_NextPart_000_0027_01C24514.FD0A2C40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I am=20 with Katherine on this topic (and on most for that matter) I dont pay = too much=20 attention to quality of funds rankings.  Instead there are some = names that=20 I do follow and if they own the stock it is a bonus but if not then it = doesnt=20 stop me from purchasing the stock.  I use http://www.lionshares.com &nb= sp; and=20 some of the names I look for are Wasatch funds, Zweig-Dimenna, Driehaus, = Soros,=20 Vinik, Tudor, Maverick Capital, Omega, Cobalt, Duquesne, Caxton, and = some others=20 I cant think of.  Basically I look for owners that have a great = long-term=20 track record most of them Hedge funds.  I figure that if someone = like=20 Dimenna or Omega owns my stock then there is a better chance that I = didnt miss=20 some big flaw in the company.  Most of those mentioned do a = little of=20 everything with a few devoted growth and value guys in=20 there.
 
As for=20 Hedge Fund Edge I have already mentioned it before as one of the best=20 investing/trading/econ books out there.  Boucher really is not only = a smart=20 guy that knows his stuff but he knows how to teach.
 
David=20 Taggart
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Friday, August 16, 2002 10:21 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Inst=20 Ownership

Hi Kelly,
 
I'm not all that keen on the current ranking systems of mutual = funds, IBD=20 or Morningstar, as they take *all* funds and assign scores = accordingly. I=20 found this to be particularly obvious in early 2000, when the 3 year = track=20 record of aggressive growth funds were A+ and value/bond funds were = D-. In=20 other words, you're looking at rankings that are influenced by what = *has* been=20 working in the market, rather than the track performance of that fund = vs.=20 similar funds. I understand Morningstar is in the process of changing = their=20 ranking systems for just that reason, though I haven't kept up with = the=20 progress of those changes. (Perhaps somebody here can add their take = on=20 this).
 
So, all in all, I'm leery of simply concluding that Fund xxx is a = "quality" fund because they have an IBD ranking of A+ and/or a = Morningstar=20 rating of 5 stars. But, such as it is, it at least give you a clue. I=20 personally don't worry too much about this aspect of my CANSLIM mining = technique, preferring to dig into these details only if I've got two=20 candidates tied and am having trouble choosing between them, or if I = want to=20 be "double extra sure" that all things look right for the particular=20 candidate.
 
On the "Hedge Fund Edge"--I refer to Mark Boucher as "CANSLIM on=20 steroids" and consider his book only good for those who already have = an=20 advanced understanding of investing and CANSLIM. He covers monetarist = economic=20 theory, money management, risk management, entry/exit/selection, etc. = In other=20 words, decidedly not a beginner's book. However, if you're further = along the=20 CANSLIM and investing learning curve, I think it's a gold mine of = information.=20 Boucher is sharp as a tack, has an impressive track record, and has = one of the=20 most level-headed approaches to investing I've run across next to WON=20 himself.
 
Katherine
----- Original Message -----
From:=20 Kelly Short
Sent: Friday, August 16, 2002 = 9:56=20 AM
Subject: RE: [CANSLIM] Inst=20 Ownership

Katherine,
 
I've used Morningstar's Mutual Fund ratings before and = often wondered=20 how these ratings were accepted by the group. Have you found their = ratings=20 to be helpful/accurate and do you weigh IBD's or another sources' = rating on=20 mutual funds over Morningstar's? Also, seems like I remember someone = slamming "The Hedge Fund Edge" book a while back- would you = recommend this=20 book for a reading list?
-----Original Message-----
From: Katherine Malm = [mailto:kmalm@earthlink.net]
Sent: Thursday, August 15, = 2002=20 11:44 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Inst Ownership

Hi Charley et al,
 
Mark Boucher (The Hedge Fund Edge) recommends in his = work that=20 institutional ownership (banks + mutual funds) runs 10-30%. WON = seems to=20 take a more generalist view of the actual percentage and instead = focuses=20 on both the quality of ownership and the fact that = ownership is=20 increasing. As with Boucher, WON considers both mutual = funds and=20 banks to be "institutional owners."
 
A great place to check ownership is at:
http://moneycentral.msn.com/investor/invsub/ownership/o= wnership.asp?Symbol=3DSBUX
Then use either the IBD's Mutual Fund ratings or look up = ratings at=20 www.morningstar.com to = take a=20 look at quality of ownership.
 
-Katherine
 
From AskIBD (highlighting is mine):
 

Question

What percentage of a company's shares = outstanding=20 should be owned by institutions in order for the stock to qualify = as=20 institutionally well = sponsored?

 

Answer

It's not so much what percentage of a = company's stock=20 is owned by institutions as the number of institutions that own = it. You=20 don't want to see just one institution owning it. Any stock you = consider=20 purchasing should be owned by at least a = few=20 mutual funds and preferably one or more banks or other = institutional=20 investors. Also, look for stocks owned by at least one = top-rated mutual fund. The better funds research companies = extensively. So=20 when they buy a stock, it serves as way to cross-check how sound = the=20 company is.

 

Question

Can too much institutional sponsorship be a = bad=20 thing?

 

Answer

It depends on the company, their earnings and = their=20 products. In theory, if a stock is heavily owned by institutions, = it=20 doesn't leave much for other major investor's to buy and propel = the stock=20 higher. But if these companies continue = to grow,=20 heavy ownership should not create a=20 problem.

 

 

Question

What is a level of institutional ownership = you consider=20 when buying a stock? If too many shares are already owned by = institutional=20 investors, can that hurt a stock's chances of=20 rising?

  

Answer

It is hard to tell = how much=20 institutional ownership is too much. Therefore, you should place = less=20 weight on this factor. Rather, focus on the quality of ownership. = You want=20 to see at least a few of the better performing mutual funds owning = the=20 stock you are considering buying. In some cases, = however, if=20 too many shares are owned by institutional investors, this could = be bad.=20 That's because it represents large potential selling if anything = goes=20 wrong with the company or the general=20 market.

 

 

 

 

 
 
 
 
 
----- Original Message ----- =
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Thursday, August = 15, 2002=20 11:11 PM
Subject: Re: [CANSLIM] = Inst=20 Ownership

Gentlemen, if I=20 may guide this discussion back to it's beginning, I believe I = was the=20 one who pontificated that IBD/DGO recommends no more than 25% = mutual=20 fund ownership, because otherwise there would be inadequate=20 institutional capacity left to buy the stock when it started to = move. In=20 my opinion they use mutual funds because they leave a paper = trail, and=20 the quality of investment skill can be measured. Other = institutions, for=20 example life insurance companies, are more difficult to = evaluate.=20

For most public companies, institutions own most of the=20 outstanding float, maybe 80% to 90% (according to Yahoo). Since = the bulk=20 of the ownership cannot be evaluated as respects investment = skill and=20 success, WON hones in on that part that can be monitored; the = mutual=20 funds. He recommends mutual fund sponsorship, but for growth = stocks, he=20 likes to see the percentage of ownership at less than 25%, and = the=20 quality of mutual fund ownership, above average.

But = then, what=20 do I know?

Charley
For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

------=_NextPart_000_0027_01C24514.FD0A2C40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 13:22:48 EDT --part1_1a5.6e23047.2a8e8ee8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit David: Many thanks for mentioning specific fund names. I have Boucher's book and am looking forward to reading it soon. Charley --part1_1a5.6e23047.2a8e8ee8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit David: Many thanks for mentioning specific fund names. I have Boucher's book and am looking forward to reading it soon. Charley --part1_1a5.6e23047.2a8e8ee8_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 10:31:22 -0700 Same from me. If anyone else has funds they rank very highly and want to post them I wouldn't complain:) Nancy >From: Chazmoore@aol.com >Reply-To: canslim@lists.xmission.com >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Inst Ownership >Date: Fri, 16 Aug 2002 13:22:48 EDT > >David: Many thanks for mentioning specific fund names. I have Boucher's >book >and am looking forward to reading it soon. Charley _________________________________________________________________ MSN Photos is the easiest way to share and print your photos: http://photos.msn.com/support/worldwide.aspx - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 11:00:01 -0700 Great question Mike- Thanks Nancy >From: michael_niemotka@baxter.com >Reply-To: canslim@lists.xmission.com >To: canslim@lists.xmission.com >Subject: [CANSLIM] stop losses and profits >Date: Fri, 16 Aug 2002 09:17:51 -0500 > >Group, > >In reading WON, he makes a statement that you should never let a stock in >which you are up 10-15% turn into a loss, but I was wondering you have >interpreted that along with the sell at no more than an 8% loss rule. > >Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ >weeks), and then is started to correct....Do you sell at you break even >point, or do you allow it to go to your 8% loss point before selling? This >is assuming that the stock is NOT giving any strong sell signals, but >appears to be pulling back "normally". > >Thanks > >Mike Niemotka , PE >Sr. Principal Engineer >Baxter Healthcare Corporation >Route 120 & Wilson Road >Round Lake, IL 60073 >Tel (847) 270-4075 >Fax (847) 270-4525 >michael_niemotka@baxter.com > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 13:09:30 -0500 HI Mike, I think you'll get a hundred different answers on this one, so I'll just answer from my personal point of view. If a stock breaks out of a well-formed base on volume, then takes 6 weeks to rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at that point, even if it were falling back "normally" as you suggest. To me that means that no sell signals were triggered on the way up, and that the general pattern included up days on higher volume than down days, support at the 50 day moving average, etc. My personal preference, however, would be to move my stop to breakeven or slightly below (3-4% max, depending on market conditions) if the stock had risen like this. Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 9:17 AM | Group, | | In reading WON, he makes a statement that you should never let a stock in | which you are up 10-15% turn into a loss, but I was wondering you have | interpreted that along with the sell at no more than an 8% loss rule. | | Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ | weeks), and then is started to correct....Do you sell at you break even | point, or do you allow it to go to your 8% loss point before selling? This | is assuming that the stock is NOT giving any strong sell signals, but | appears to be pulling back "normally". | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Eric Jaenike Subject: [CANSLIM] Recent activity Date: 16 Aug 2002 11:39:52 -0700 (PDT) --0-1516692005-1029523192=:95999 Content-Type: text/plain; charset=us-ascii Hi all- Just wanted to throw out a few thoughts and get some feedback. I am not terribly sanguine about the market right now, for a number of reasons. Before I go into why, I will review the things I see as bullish. If anyone has additional bull thoughts, please let me know. Bull: 1.Heavy volume low mid-June, can be sign of climax bottom with sellers clearing out. 2. Lots of secondary indicators flash extremes generally associated with bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE trading volume, etc. 3. Rally confirms on indices. 4. Generally, up volume advances, down volume pullbacks. 5. Some breakouts occurring. These include (without regard to whether they have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE BYD APOL. 6. Some potential leadership forming, including gaming (BYD ISLE), medical (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE MME), regional banks (if you're willing to include that group as leadership), retail (JASA PETM MIK KSS). 7. Skepticism about rally. 8. Certain secondary factors, such as the addressing of corporate governance issues, potentially improved accounting, recent strengthening of the dollar, etc 9. Increased insider buying. 10. Valuations have become compelling in certain areas/companies. The concerns I have are both fundamental and technical. Technical: 1. Secular bears generally don't end with a bang, but with a whimper ('29, '74). Tendency toward climax bottom with reversal, followed by lower volume selloff into true bottom. 2. Secondary indicators are area code indicators. In a prolonged, hard bear, they can be early and flash signals repeatedly before market has truly bottomed. Unreliable. 3. Rally confirm came very late on Dow and S&P, came on low volume on Nasdaq and S&P 600 following large givebacks/distribution. Both late confirms and excessive givebacks are signs of weakness, not strength. 4. While volume on up days has been up and on down days, down, volume has generally been very light. I prefer to see strong volume confirming, not just up volume. This might be seasonal, but it seems very suspicious. 5. There have been a number of up days spurred by positive news (ex. Thurs 8/8 Brazil loan approval announcement, CSCO call, etc.) News driven rallies are suspect and failure prone. 6. A number of up days have been caused by buy programs, which create artifically positive looking days. Wed. was a great example. There has also been support from institutional, charter based reallocations from bonds (think 40 yr low on Treasury yield) to stocks. This is not discretionary, informed buying. 7. There appears to be short covering activity. Not sustainable in longer term. 8. Oils are rallying. Generally not a good sign for market. 9. While there have been breakouts, they have not been particularly numerous, nor have they been that powerful. I reviewed my breakout list from last September. I counted 16 reasonably solid breakouts from the low through 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF CRL FRED MIK USPH ADVP). I count only 11 in the roughly same time period now (CTSH SIE IMH XRAY DORL WTW PIXR CSTR ISLE BYD APOL. Not counting banks, and I might have missed some). It appears that there are fewer, or at least not more, breakouts over the recent period. In reviewing the lists, it also appears to me that there was generally tighter, more consistent, and more prominent leadership back then. That rally, of course, failed rather quickly. I actually consider the late '01 rally to have been more of an oversold bounce than a true rally. 10. Expanding on #9, I am not enamored of the power of the breakouts. Ex. WTW nasty bearish reversal tuesday, declining volume on rally resumption since. This is not the type of action I want to see. 11. There has been too much strength in tech in the past couple of days relative to the general market, especially Wed. I do not believe there is much, if any, chance that tech will provide sustained leadership here, and especially not large cap tech. See below for more. 12. Lots of broken charts, whippy runups. Fundamentals: 1. Recent weakening in consumer spending and sentiment. Generally lackluster employment. 2. Market never got "cheap". Some have argued that on a P/E basis the market got to acceptable trough valuations. Without going into detail, I have found those arguments generally lacking. 3. Tech fundamentals are bad, and appear to be getting worse. Look at all the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). Revenue and earnings guidedowns, capacity utilization dropping, etc. I think I posted a piece on this previously. That means the market will have to rally through bad tech news in the upcoming earnings period, with tech stocks going from very expensive to even more expensive. I do not consider the Dell or CSCO calls positive for the industry in general. They are share takers, and are benefitting at the expense of the rest of their respective industries. Recall, as Dell noted in its conference call, total PC sales in the second quarter DROPPED 10%. Note the relatively poor action in the SOX. 4. We have shifted short term influences in the market. 5 weeks ago, corporate governance/bad macroeconomic numbers were the short term driving force, pushing the market to its lows. We digested that information as we hit the lows on volume. At that point, the market was poised to spring back, either sustainably or unsustainably. We shifted to a new short term driving factor: the oversold condition of the market (note how all negative news is being ignored- ex. AMAT horrible call. That is, IMO, because news is not the current short term driving factor; the technical condition of the market is). This short term factor is being augmented by asset allocation and short covering. However, this short term factor will eventually dissipate, and we will get a new driving force. Given how poor, IMO, the quality of this rally has been, I think the market will be primed to latch onto something negative. We are currently in a bit of a news vacuum. If I'm not mistaken, we should be getting preannouncements starting sometime in September, as well as additional economic insight. If this data comes in poorly, the market might start reacting to it negatively, and this could be our new short term driving force. 5. There is still "headline risk" in the market. This would include things like the service and equipment swaps that Q has done with a variety of companies, including IBM and BLS (not widely known). GE has seen order slowdowns. There are a host of bankruptcies yet to be announced. F is in trouble. Housing looks vulnerable. Retail sales were weak the week of Aug 10, BBY preannounced, etc, so the consumer is still vulnerable. There are other problems as well. While I undertand that it often looks darkest before the dawn, it also looks darkest before midnight. 6. Europe looks terrible. Brazil is still a threat, depending on who wins the presidential elections, and we could still lose South America. 7. There is annecdotal evidence questioning the strength of the rally. Ex. pulp and paper inventories were up above typical seasonal increases, Ingersal Rand saw no evidence of an economic comeback, etc. 8. Yield spreads are very wide. 9. Energy sector debt at risk ($500 B), 3G programs, which were supposed to support telecom debt, have been weak. 10. First Call forward earnings growth has been coming down too quickly. There are, of course, others. I would be willing to overlook many of these negatives IF the rally looked better. To me, it looks too much like the type of bounce we saw in September, but with a shorter duration. Any thoughts? Eric Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1516692005-1029523192=:95999 Content-Type: text/html; charset=us-ascii

Hi all-

Just wanted to throw out a few thoughts and get some feedback.

I am not terribly sanguine about the market right now, for a number of reasons. Before I go into why, I will review the things I see as bullish. If anyone has additional bull thoughts, please let me know.

Bull:

1.Heavy volume low mid-June, can be sign of climax bottom with sellers clearing out.

2. Lots of secondary indicators flash extremes generally associated with bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE trading volume, etc.

3. Rally confirms on indices.

4. Generally, up volume advances, down volume pullbacks.

5. Some breakouts occurring. These include (without regard to whether they have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE BYD APOL.

6. Some potential leadership forming, including gaming (BYD ISLE), medical (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE MME), regional banks (if you're willing to include that group as leadership), retail (JASA PETM MIK KSS).

7. Skepticism about rally.

8. Certain secondary factors, such as the addressing of corporate governance issues, potentially improved accounting, recent strengthening of the dollar, etc

9. Increased insider buying.

10. Valuations have become compelling in certain areas/companies.

The concerns I have are both fundamental and technical.

Technical:

1. Secular bears generally don't end with a bang, but with a whimper ('29, '74). Tendency toward climax bottom with reversal, followed by lower volume selloff into true bottom.

2. Secondary indicators are area code indicators. In a prolonged, hard bear, they can be early and flash signals repeatedly before market  has truly bottomed. Unreliable.

3. Rally confirm came very late on Dow and S&P, came on low volume on Nasdaq and S&P 600 following large givebacks/distribution. Both late confirms and excessive givebacks are signs of weakness, not strength.

4. While volume on up days has been up and on down days, down, volume has generally been very light. I prefer to see strong volume confirming, not just up volume. This might be seasonal, but it seems very suspicious.

5. There have been a number of up days spurred by positive news (ex. Thurs 8/8 Brazil loan approval announcement, CSCO call, etc.) News driven rallies are suspect and failure prone.

6. A number of up days have been caused by buy programs, which create artifically positive looking days. Wed. was a great example. There has also been support from institutional, charter based reallocations from bonds (think 40 yr low on Treasury yield) to stocks. This is not discretionary, informed buying.

7. There appears to be short covering activity. Not sustainable in longer term.

8. Oils are rallying. Generally not a good sign for market.

9. While there have been breakouts, they have not been particularly numerous, nor have they been that powerful. I reviewed my breakout list from last September. I counted 16 reasonably solid breakouts from the low through 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF CRL FRED MIK USPH ADVP). I count only 11 in the roughly same time period now (CTSH SIE IMH XRAY DORL  WTW PIXR CSTR ISLE BYD APOL. Not counting banks, and I might have missed some). It appears that there are fewer, or at least not more, breakouts over the recent period. In reviewing the lists, it also appears to me that there was generally tighter, more consistent, and more prominent leadership back then. That rally, of course, failed rather quickly. I actually consider the late '01 rally to have been more of an oversold bounce than a true rally.

10. Expanding on #9, I am not enamored of the power of the breakouts. Ex. WTW nasty bearish reversal tuesday, declining volume on rally resumption since. This is not the type of action I want to see.

11. There has been too much strength in tech in the past couple of days relative to the general market, especially Wed. I do not believe there is much, if any, chance that tech will provide sustained leadership here, and especially not large cap tech. See below for more.

12. Lots of broken charts, whippy runups.

Fundamentals:

1. Recent weakening in consumer spending and sentiment. Generally lackluster employment.

2. Market never got "cheap". Some have argued that on a P/E basis the market got to acceptable trough valuations. Without going into detail, I have found those arguments generally lacking.

3. Tech fundamentals are bad, and appear to be getting worse. Look at all the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). Revenue and earnings guidedowns, capacity utilization dropping, etc. I think I posted a piece on this previously. That means the market will have to rally through bad tech news in the upcoming earnings period, with tech stocks going from very expensive to even more expensive. I do not consider the Dell or CSCO calls positive for the industry in general. They are share takers, and are benefitting at the expense of the rest of their respective industries. Recall, as Dell noted in its conference call, total PC sales in the second quarter DROPPED 10%. Note the relatively poor action in the SOX.

4. We have shifted short term influences in the market. 5 weeks ago, corporate governance/bad macroeconomic numbers were the short term driving force, pushing the market to its lows. We digested that information as we hit the lows on volume. At that point, the market was poised to spring back, either sustainably or unsustainably. We shifted to a new short term driving factor: the oversold condition of the market (note how all negative news is being ignored- ex. AMAT horrible call. That is, IMO, because news is not the current short term driving factor; the technical condition of the market is). This short term factor is being augmented by asset allocation and short covering. However, this short term factor will eventually dissipate, and we will get a new driving force. Given how poor, IMO, the quality of this rally has been, I think the market will be primed to latch onto something negative. We are currently in a bit of a news vacuum. If I'm not mistaken, we should be getting preannouncements starting sometime in September, as well as additional economic insight. If this data comes in poorly, the market might start reacting to it negatively, and this could be our new short term driving force.

5. There is still "headline risk" in the market. This would include things like the service and equipment swaps that Q has done with a variety of companies, including IBM and BLS (not widely known). GE has seen order slowdowns. There are a host of bankruptcies yet to be announced. F is in trouble. Housing looks vulnerable. Retail sales were weak the week of Aug 10, BBY preannounced, etc, so the consumer is still vulnerable. There are other problems as well. While I undertand that it often looks darkest before the dawn, it also looks darkest before midnight.

6. Europe looks terrible. Brazil is still a threat, depending on who wins the presidential elections, and we could still lose South America.

7. There is annecdotal evidence questioning the strength of the rally. Ex. pulp and paper inventories were up above typical seasonal increases, Ingersal Rand saw no evidence of an economic comeback, etc.

8. Yield spreads are very wide.

9. Energy sector debt at risk ($500 B), 3G programs, which were supposed to support telecom debt, have been weak.

10. First Call forward earnings growth has been coming down too quickly.

There are, of course, others. I would be willing to overlook many of these negatives IF the rally looked better. To me, it looks too much like the type of bounce we saw in September, but with a shorter duration.

Any thoughts?

Eric

 


Do You Yahoo!?
HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1516692005-1029523192=:95999-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 11:47:28 -0700 Katherine-let me see if I am following correctly please. My question is that previously I understood that after the third rise in a base formation a stock may correct by dropping below the previous base and then starting up again if all is well with the stock. Then the bases start to be recounted again. In this case, if you just bought in during the third rise in the base, which from my understanding would probably go up between 15%(Mikes figure) and 25%( the amount of each rise in a base of a healthy stock) you would sell(not you personally but someone with my amount of experience or the like) before the 8% drop, to protect your gain. Then follow the stock and watch for a buy in again at some point depending on how the stock acts from this point on? Is that close to correct ??? Thanks for your thoughts Nancy >From: "Katherine Malm" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] stop losses and profits >Date: Fri, 16 Aug 2002 13:09:30 -0500 > >HI Mike, > >I think you'll get a hundred different answers on this one, so I'll just >answer from my personal point of view. > >If a stock breaks out of a well-formed base on volume, then takes 6 weeks >to >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at that >point, even if it were falling back "normally" as you suggest. To me that >means that no sell signals were triggered on the way up, and that the >general pattern included up days on higher volume than down days, support >at >the 50 day moving average, etc. My personal preference, however, would be >to >move my stop to breakeven or slightly below (3-4% max, depending on market >conditions) if the stock had risen like this. > >Katherine > > >----- Original Message ----- >From: >To: >Sent: Friday, August 16, 2002 9:17 AM >Subject: [CANSLIM] stop losses and profits > > >| Group, >| >| In reading WON, he makes a statement that you should never let a stock in >| which you are up 10-15% turn into a loss, but I was wondering you have >| interpreted that along with the sell at no more than an 8% loss rule. >| >| Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ >| weeks), and then is started to correct....Do you sell at you break even >| point, or do you allow it to go to your 8% loss point before selling? >This >| is assuming that the stock is NOT giving any strong sell signals, but >| appears to be pulling back "normally". >| >| Thanks >| >| Mike Niemotka , PE >| Sr. Principal Engineer >| Baxter Healthcare Corporation >| Route 120 & Wilson Road >| Round Lake, IL 60073 >| Tel (847) 270-4075 >| Fax (847) 270-4525 >| michael_niemotka@baxter.com >| >| >| >| - >| -To subscribe/unsubscribe, email "majordomo@xmission.com" >| -In the email body, write "subscribe canslim" or >| -"unsubscribe canslim". Do not use quotes in your email. > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Recent activity Date: 16 Aug 2002 13:56:05 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24556.92EB087E Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Eric, =20 I'll get back to you next Wednesday when I'm through digesting all your = points.... Kelly (my head hurts) -----Original Message----- Sent: Friday, August 16, 2002 1:40 PM Hi all- Just wanted to throw out a few thoughts and get some feedback. I am not terribly sanguine about the market right now, for a number of = reasons. Before I go into why, I will review the things I see as = bullish. If anyone has additional bull thoughts, please let me know. Bull: 1.Heavy volume low mid-June, can be sign of climax bottom with sellers = clearing out.=20 2. Lots of secondary indicators flash extremes generally associated with = bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE trading = volume, etc. 3. Rally confirms on indices. 4. Generally, up volume advances, down volume pullbacks. 5. Some breakouts occurring. These include (without regard to whether = they have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE = BYD APOL. 6. Some potential leadership forming, including gaming (BYD ISLE), = medical (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE = MME), regional banks (if you're willing to include that group as = leadership), retail (JASA PETM MIK KSS). 7. Skepticism about rally. 8. Certain secondary factors, such as the addressing of corporate = governance issues, potentially improved accounting, recent strengthening = of the dollar, etc 9. Increased insider buying. 10. Valuations have become compelling in certain areas/companies. The concerns I have are both fundamental and technical. Technical: 1. Secular bears generally don't end with a bang, but with a whimper = ('29, '74). Tendency toward climax bottom with reversal, followed by = lower volume selloff into true bottom. 2. Secondary indicators are area code indicators. In a prolonged, hard = bear, they can be early and flash signals repeatedly before market has = truly bottomed. Unreliable. 3. Rally confirm came very late on Dow and S&P, came on low volume on = Nasdaq and S&P 600 following large givebacks/distribution. Both late = confirms and excessive givebacks are signs of weakness, not strength. 4. While volume on up days has been up and on down days, down, volume = has generally been very light. I prefer to see strong volume confirming, = not just up volume. This might be seasonal, but it seems very = suspicious. 5. There have been a number of up days spurred by positive news (ex. = Thurs 8/8 Brazil loan approval announcement, CSCO call, etc.) News = driven rallies are suspect and failure prone. 6. A number of up days have been caused by buy programs, which create = artifically positive looking days. Wed. was a great example. There has = also been support from institutional, charter based reallocations from = bonds (think 40 yr low on Treasury yield) to stocks. This is not = discretionary, informed buying. 7. There appears to be short covering activity. Not sustainable in = longer term. 8. Oils are rallying. Generally not a good sign for market. 9. While there have been breakouts, they have not been particularly = numerous, nor have they been that powerful. I reviewed my breakout list = from last September. I counted 16 reasonably solid breakouts from the = low through 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF = CRL FRED MIK USPH ADVP). I count only 11 in the roughly same time period = now (CTSH SIE IMH XRAY DORL WTW PIXR CSTR ISLE BYD APOL. Not counting = banks, and I might have missed some). It appears that there are fewer, = or at least not more, breakouts over the recent period. In reviewing the = lists, it also appears to me that there was generally tighter, more = consistent, and more prominent leadership back then. That rally, of = course, failed rather quickly. I actually consider the late '01 rally to = have been more of an oversold bounce than a true rally. 10. Expanding on #9, I am not enamored of the power of the breakouts. = Ex. WTW nasty bearish reversal tuesday, declining volume on rally = resumption since. This is not the type of action I want to see. 11. There has been too much strength in tech in the past couple of days = relative to the general market, especially Wed. I do not believe there = is much, if any, chance that tech will provide sustained leadership = here, and especially not large cap tech. See below for more. 12. Lots of broken charts, whippy runups. Fundamentals: 1. Recent weakening in consumer spending and sentiment. Generally = lackluster employment. 2. Market never got "cheap". Some have argued that on a P/E basis the = market got to acceptable trough valuations. Without going into detail, I = have found those arguments generally lacking.=20 3. Tech fundamentals are bad, and appear to be getting worse. Look at = all the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). = Revenue and earnings guidedowns, capacity utilization dropping, etc. I = think I posted a piece on this previously. That means the market will = have to rally through bad tech news in the upcoming earnings period, = with tech stocks going from very expensive to even more expensive. I do = not consider the Dell or CSCO calls positive for the industry in = general. They are share takers, and are benefitting at the expense of = the rest of their respective industries. Recall, as Dell noted in its = conference call, total PC sales in the second quarter DROPPED 10%. Note = the relatively poor action in the SOX. 4. We have shifted short term influences in the market. 5 weeks ago, = corporate governance/bad macroeconomic numbers were the short term = driving force, pushing the market to its lows. We digested that = information as we hit the lows on volume. At that point, the market was = poised to spring back, either sustainably or unsustainably. We shifted = to a new short term driving factor: the oversold condition of the market = (note how all negative news is being ignored- ex. AMAT horrible call. = That is, IMO, because news is not the current short term driving factor; = the technical condition of the market is). This short term factor is = being augmented by asset allocation and short covering. However, this = short term factor will eventually dissipate, and we will get a new = driving force. Given how poor, IMO, the quality of this rally has been, = I think the market will be primed to latch onto something negative. We = are currently in a bit of a news vacuum. If I'm not mistaken, we should = be getting preannouncements starting sometime in September, as well as = additional economic insight. If this data comes in poorly, the market = might start reacting to it negatively, and this could be our new short = term driving force. 5. There is still "headline risk" in the market. This would include = things like the service and equipment swaps that Q has done with a = variety of companies, including IBM and BLS (not widely known). GE has = seen order slowdowns. There are a host of bankruptcies yet to be = announced. F is in trouble. Housing looks vulnerable. Retail sales were = weak the week of Aug 10, BBY preannounced, etc, so the consumer is still = vulnerable. There are other problems as well. While I undertand that it = often looks darkest before the dawn, it also looks darkest before = midnight. 6. Europe looks terrible. Brazil is still a threat, depending on who = wins the presidential elections, and we could still lose South America. 7. There is annecdotal evidence questioning the strength of the rally. = Ex. pulp and paper inventories were up above typical seasonal increases, = Ingersal Rand saw no evidence of an economic comeback, etc. 8. Yield spreads are very wide. 9. Energy sector debt at risk ($500 B), 3G programs, which were supposed = to support telecom debt, have been weak. 10. First Call forward earnings growth has been coming down too quickly. There are, of course, others. I would be willing to overlook many of = these negatives IF the rally looked better. To me, it looks too much = like the type of bounce we saw in September, but with a shorter = duration. Any thoughts? Eric =20 _____ =20 Do You Yahoo!? HotJobs, = a = Yahoo! service - Search Thousands of New Jobs=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24556.92EB087E Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Eric,
 
I'll=20 get back to you next Wednesday when I'm through digesting all your=20 points....   Kelly (my head hurts)
-----Original Message-----
From: Eric Jaenike=20 [mailto:ericjaenike@yahoo.com]
Sent: Friday, August 16, 2002 = 1:40=20 PM
To: canslim group
Subject: [CANSLIM] Recent=20 activity

Hi all-

Just wanted to throw out a few thoughts and get some feedback.

I am not terribly sanguine about the market right now, for a number = of=20 reasons. Before I go into why, I will review the things I see as = bullish. If=20 anyone has additional bull thoughts, please let me know.

Bull:

1.Heavy volume low mid-June, can be sign of climax bottom with = sellers=20 clearing out.

2. Lots of secondary indicators flash extremes generally associated = with=20 bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE = trading=20 volume, etc.

3. Rally confirms on indices.

4. Generally, up volume advances, down volume pullbacks.

5. Some breakouts occurring. These include (without regard to = whether they=20 have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE BYD = APOL.

6. Some potential leadership forming, including gaming (BYD ISLE), = medical=20 (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE MME), = regional=20 banks (if you're willing to include that group as leadership), retail = (JASA=20 PETM MIK KSS).

7. Skepticism about rally.

8. Certain secondary factors, such as the addressing of corporate=20 governance issues, potentially improved accounting, recent = strengthening of=20 the dollar, etc

9. Increased insider buying.

10. Valuations have become compelling in certain = areas/companies.

The concerns I have are both fundamental and technical.

Technical:

1. Secular bears generally don't end with a bang, but with a = whimper ('29,=20 '74). Tendency toward climax bottom with reversal, followed by lower = volume=20 selloff into true bottom.

2. Secondary indicators are area code indicators. In a prolonged, = hard=20 bear, they can be early and flash signals repeatedly before = market  has=20 truly bottomed. Unreliable.

3. Rally confirm came very late on Dow and S&P, came on low = volume on=20 Nasdaq and S&P 600 following large givebacks/distribution. Both = late=20 confirms and excessive givebacks are signs of weakness, not = strength.

4. While volume on up days has been up and on down days, down, = volume has=20 generally been very light. I prefer to see strong volume confirming, = not just=20 up volume. This might be seasonal, but it seems very suspicious.

5. There have been a number of up days spurred by positive news = (ex. Thurs=20 8/8 Brazil loan approval announcement, CSCO call, etc.) News driven = rallies=20 are suspect and failure prone.

6. A number of up days have been caused by buy programs, which = create=20 artifically positive looking days. Wed. was a great example. There has = also=20 been support from institutional, charter based reallocations from = bonds (think=20 40 yr low on Treasury yield) to stocks. This is not discretionary, = informed=20 buying.

7. There appears to be short covering activity. Not sustainable in = longer=20 term.

8. Oils are rallying. Generally not a good sign for market.

9. While there have been breakouts, they have not been particularly = numerous, nor have they been that powerful. I reviewed my breakout = list from=20 last September. I counted 16 reasonably solid breakouts from the low = through=20 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF CRL FRED MIK = USPH=20 ADVP). I count only 11 in the roughly same time period now (CTSH SIE = IMH XRAY=20 DORL  WTW PIXR CSTR ISLE BYD APOL. Not counting banks, and I = might have=20 missed some). It appears that there are fewer, or at least not more, = breakouts=20 over the recent period. In reviewing the lists, it also appears to me = that=20 there was generally tighter, more consistent, and more=20 prominent leadership back then. That rally, of course, failed = rather=20 quickly. I actually consider the late '01 rally to have been more of = an=20 oversold bounce than a true rally.

10. Expanding on #9, I am not enamored of the power of the = breakouts. Ex.=20 WTW nasty bearish reversal tuesday, declining volume on rally = resumption=20 since. This is not the type of action I want to see.

11. There has been too much strength in tech in the past couple of = days=20 relative to the general market, especially Wed. I do not believe there = is=20 much, if any, chance that tech will provide sustained leadership here, = and=20 especially not large cap tech. See below for more.

12. Lots of broken charts, whippy runups.

Fundamentals:

1. Recent weakening in consumer spending and sentiment. Generally=20 lackluster employment.

2. Market never got "cheap". Some have argued that on a P/E basis = the=20 market got to acceptable trough valuations. Without going into detail, = I have=20 found those arguments generally lacking.

3. Tech fundamentals are bad, and appear to be getting worse. Look = at all=20 the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). = Revenue and=20 earnings guidedowns, capacity utilization dropping, etc. I think I = posted a=20 piece on this previously. That means the market will have to rally = through bad=20 tech news in the upcoming earnings period, with tech stocks going from = very=20 expensive to even more expensive. I do not consider the Dell or CSCO = calls=20 positive for the industry in general. They are share takers, and are=20 benefitting at the expense of the rest of their respective industries. = Recall,=20 as Dell noted in its conference call, total PC sales in the second = quarter=20 DROPPED 10%. Note the relatively poor action in the SOX.

4. We have shifted short term influences in the market. 5 weeks = ago,=20 corporate governance/bad macroeconomic numbers were the short term = driving=20 force, pushing the market to its lows. We digested that information as = we hit=20 the lows on volume. At that point, the market was poised to spring = back,=20 either sustainably or unsustainably. We shifted to a new short term = driving=20 factor: the oversold condition of the market (note how all negative = news is=20 being ignored- ex. AMAT horrible call. That is, IMO, because news is = not the=20 current short term driving factor; the technical condition of the = market is).=20 This short term factor is being augmented by asset allocation and = short=20 covering. However, this short term factor will eventually dissipate, = and we=20 will get a new driving force. Given how poor, IMO, the quality of this = rally=20 has been, I think the market will be primed to latch onto something = negative.=20 We are currently in a bit of a news vacuum. If I'm not mistaken, we = should be=20 getting preannouncements starting sometime in September, as well as = additional=20 economic insight. If this data comes in poorly, the market might start = reacting to it negatively, and this could be our new short term = driving=20 force.

5. There is still "headline risk" in the market. This would include = things=20 like the service and equipment swaps that Q has done with a variety of = companies, including IBM and BLS (not widely known). GE has seen = order=20 slowdowns. There are a host of bankruptcies yet to be announced. F is = in=20 trouble. Housing looks vulnerable. Retail sales were weak the week of = Aug 10,=20 BBY preannounced, etc, so the consumer is still vulnerable. There are = other=20 problems as well. While I undertand that it often looks darkest before = the=20 dawn, it also looks darkest before midnight.

6. Europe looks terrible. Brazil is still a threat, depending on = who wins=20 the presidential elections, and we could still lose South America.

7. There is annecdotal evidence questioning the strength of the = rally. Ex.=20 pulp and paper inventories were up above typical seasonal increases, = Ingersal=20 Rand saw no evidence of an economic comeback, etc.

8. Yield spreads are very wide.

9. Energy sector debt at risk ($500 B), 3G programs, which were = supposed to=20 support telecom debt, have been weak.

10. First Call forward earnings growth has been coming down too=20 quickly.

There are, of course, others. I would be willing to overlook many = of these=20 negatives IF the rally looked better. To me, it looks too much like = the type=20 of bounce we saw in September, but with a shorter duration.

Any thoughts?

Eric

 


Do You Yahoo!?
= HotJobs,=20 a Yahoo! service - Search Thousands of New Jobs=20
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24556.92EB087E-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Recent activity Date: 16 Aug 2002 14:01:46 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00C5_01C2452D.75453570 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Eric, Thoughts? Thoughts? How about "oh my goodness, what an *incredible* = analysis!" Each and every point seems to have point/counterpoint written = all over it --I'm looking forward to reading some great posts as a = result of your efforts. One particular question came to mind when reading your notes. That is, = in any situation where there are pros/cons, must we resolve each and = every one of them in order to resolve a course of action? If I were = faced with two choices, each with a set of pros/cons, how would I chose = between them? In this case, given the strength of arguments that you = gave in both directions, my question to you would simply be, "what = action will you take given what you have observed and what contingency = plans would you put into place upon execution?" At some level, it seems = that when given the preponderance of evidence on the markets as a whole = that our choice as investors is more importantly, "am I willing to bet = the farm one direction or the other, do I want to stand aside until the = evidence is more squarely positioned in one camp vs another, or will I = step in gingerly in one direction or the other while adding to that = position as the evidence mounts?" Katherine ----- Original Message -----=20 From: Eric Jaenike=20 To: canslim group=20 Sent: Friday, August 16, 2002 1:39 PM Subject: [CANSLIM] Recent activity Hi all- Just wanted to throw out a few thoughts and get some feedback. I am not terribly sanguine about the market right now, for a number of = reasons. Before I go into why, I will review the things I see as = bullish. If anyone has additional bull thoughts, please let me know. Bull: 1.Heavy volume low mid-June, can be sign of climax bottom with sellers = clearing out.=20 2. Lots of secondary indicators flash extremes generally associated = with bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE = trading volume, etc. 3. Rally confirms on indices. 4. Generally, up volume advances, down volume pullbacks. 5. Some breakouts occurring. These include (without regard to whether = they have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE = BYD APOL. 6. Some potential leadership forming, including gaming (BYD ISLE), = medical (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE = MME), regional banks (if you're willing to include that group as = leadership), retail (JASA PETM MIK KSS). 7. Skepticism about rally. 8. Certain secondary factors, such as the addressing of corporate = governance issues, potentially improved accounting, recent strengthening = of the dollar, etc 9. Increased insider buying. 10. Valuations have become compelling in certain areas/companies. The concerns I have are both fundamental and technical. Technical: 1. Secular bears generally don't end with a bang, but with a whimper = ('29, '74). Tendency toward climax bottom with reversal, followed by = lower volume selloff into true bottom. 2. Secondary indicators are area code indicators. In a prolonged, hard = bear, they can be early and flash signals repeatedly before market has = truly bottomed. Unreliable. 3. Rally confirm came very late on Dow and S&P, came on low volume on = Nasdaq and S&P 600 following large givebacks/distribution. Both late = confirms and excessive givebacks are signs of weakness, not strength. 4. While volume on up days has been up and on down days, down, volume = has generally been very light. I prefer to see strong volume confirming, = not just up volume. This might be seasonal, but it seems very = suspicious. 5. There have been a number of up days spurred by positive news (ex. = Thurs 8/8 Brazil loan approval announcement, CSCO call, etc.) News = driven rallies are suspect and failure prone. 6. A number of up days have been caused by buy programs, which create = artifically positive looking days. Wed. was a great example. There has = also been support from institutional, charter based reallocations from = bonds (think 40 yr low on Treasury yield) to stocks. This is not = discretionary, informed buying. 7. There appears to be short covering activity. Not sustainable in = longer term. 8. Oils are rallying. Generally not a good sign for market. 9. While there have been breakouts, they have not been particularly = numerous, nor have they been that powerful. I reviewed my breakout list = from last September. I counted 16 reasonably solid breakouts from the = low through 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF = CRL FRED MIK USPH ADVP). I count only 11 in the roughly same time period = now (CTSH SIE IMH XRAY DORL WTW PIXR CSTR ISLE BYD APOL. Not counting = banks, and I might have missed some). It appears that there are fewer, = or at least not more, breakouts over the recent period. In reviewing the = lists, it also appears to me that there was generally tighter, more = consistent, and more prominent leadership back then. That rally, of = course, failed rather quickly. I actually consider the late '01 rally to = have been more of an oversold bounce than a true rally. 10. Expanding on #9, I am not enamored of the power of the breakouts. = Ex. WTW nasty bearish reversal tuesday, declining volume on rally = resumption since. This is not the type of action I want to see. 11. There has been too much strength in tech in the past couple of = days relative to the general market, especially Wed. I do not believe = there is much, if any, chance that tech will provide sustained = leadership here, and especially not large cap tech. See below for more. 12. Lots of broken charts, whippy runups. Fundamentals: 1. Recent weakening in consumer spending and sentiment. Generally = lackluster employment. 2. Market never got "cheap". Some have argued that on a P/E basis the = market got to acceptable trough valuations. Without going into detail, I = have found those arguments generally lacking.=20 3. Tech fundamentals are bad, and appear to be getting worse. Look at = all the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). = Revenue and earnings guidedowns, capacity utilization dropping, etc. I = think I posted a piece on this previously. That means the market will = have to rally through bad tech news in the upcoming earnings period, = with tech stocks going from very expensive to even more expensive. I do = not consider the Dell or CSCO calls positive for the industry in = general. They are share takers, and are benefitting at the expense of = the rest of their respective industries. Recall, as Dell noted in its = conference call, total PC sales in the second quarter DROPPED 10%. Note = the relatively poor action in the SOX. 4. We have shifted short term influences in the market. 5 weeks ago, = corporate governance/bad macroeconomic numbers were the short term = driving force, pushing the market to its lows. We digested that = information as we hit the lows on volume. At that point, the market was = poised to spring back, either sustainably or unsustainably. We shifted = to a new short term driving factor: the oversold condition of the market = (note how all negative news is being ignored- ex. AMAT horrible call. = That is, IMO, because news is not the current short term driving factor; = the technical condition of the market is). This short term factor is = being augmented by asset allocation and short covering. However, this = short term factor will eventually dissipate, and we will get a new = driving force. Given how poor, IMO, the quality of this rally has been, = I think the market will be primed to latch onto something negative. We = are currently in a bit of a news vacuum. If I'm not mistaken, we should = be getting preannouncements starting sometime in September, as well as = additional economic insight. If this data comes in poorly, the market = might start reacting to it negatively, and this could be our new short = term driving force. 5. There is still "headline risk" in the market. This would include = things like the service and equipment swaps that Q has done with a = variety of companies, including IBM and BLS (not widely known). GE has = seen order slowdowns. There are a host of bankruptcies yet to be = announced. F is in trouble. Housing looks vulnerable. Retail sales were = weak the week of Aug 10, BBY preannounced, etc, so the consumer is still = vulnerable. There are other problems as well. While I undertand that it = often looks darkest before the dawn, it also looks darkest before = midnight. 6. Europe looks terrible. Brazil is still a threat, depending on who = wins the presidential elections, and we could still lose South America. 7. There is annecdotal evidence questioning the strength of the rally. = Ex. pulp and paper inventories were up above typical seasonal increases, = Ingersal Rand saw no evidence of an economic comeback, etc. 8. Yield spreads are very wide. 9. Energy sector debt at risk ($500 B), 3G programs, which were = supposed to support telecom debt, have been weak. 10. First Call forward earnings growth has been coming down too = quickly. There are, of course, others. I would be willing to overlook many of = these negatives IF the rally looked better. To me, it looks too much = like the type of bounce we saw in September, but with a shorter = duration. Any thoughts? Eric ----- Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs ------=_NextPart_000_00C5_01C2452D.75453570 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Eric,
 
Thoughts? Thoughts? How about "oh my goodness, what an *incredible* = analysis!" Each and every point seems to have point/counterpoint written = all=20 over it --I'm looking forward to reading some great posts as a result of = your=20 efforts.
 
One particular question came to mind when reading your notes. That = is, in=20 any situation where there are pros/cons, must we resolve each and every = one of=20 them in order to resolve a course of action? If I were faced with two = choices,=20 each with a set of pros/cons, how would I chose between them? In this = case,=20 given the strength of arguments that you gave in both directions, my = question to=20 you would simply be, "what action will you take given what you have = observed and=20 what contingency plans would you put into place upon execution?" At some = level,=20 it seems that when given the preponderance of evidence on the = markets as a=20 whole that our choice as investors is more importantly, "am I willing to = bet the=20 farm one direction or the other, do I want to stand aside until the = evidence is=20 more squarely positioned in one camp vs another, or will I step in = gingerly in=20 one direction or the other while adding to that position as the evidence = mounts?"
 
Katherine
----- Original Message -----
From:=20 Eric=20 Jaenike
Sent: Friday, August 16, 2002 = 1:39=20 PM
Subject: [CANSLIM] Recent = activity

Hi all-

Just wanted to throw out a few thoughts and get some feedback.

I am not terribly sanguine about the market right now, for a number = of=20 reasons. Before I go into why, I will review the things I see as = bullish. If=20 anyone has additional bull thoughts, please let me know.

Bull:

1.Heavy volume low mid-June, can be sign of climax bottom with = sellers=20 clearing out.

2. Lots of secondary indicators flash extremes generally associated = with=20 bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE = trading=20 volume, etc.

3. Rally confirms on indices.

4. Generally, up volume advances, down volume pullbacks.

5. Some breakouts occurring. These include (without regard to = whether they=20 have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE BYD = APOL.

6. Some potential leadership forming, including gaming (BYD ISLE), = medical=20 (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE MME), = regional=20 banks (if you're willing to include that group as leadership), retail = (JASA=20 PETM MIK KSS).

7. Skepticism about rally.

8. Certain secondary factors, such as the addressing of corporate=20 governance issues, potentially improved accounting, recent = strengthening of=20 the dollar, etc

9. Increased insider buying.

10. Valuations have become compelling in certain = areas/companies.

The concerns I have are both fundamental and technical.

Technical:

1. Secular bears generally don't end with a bang, but with a = whimper ('29,=20 '74). Tendency toward climax bottom with reversal, followed by lower = volume=20 selloff into true bottom.

2. Secondary indicators are area code indicators. In a prolonged, = hard=20 bear, they can be early and flash signals repeatedly before = market  has=20 truly bottomed. Unreliable.

3. Rally confirm came very late on Dow and S&P, came on low = volume on=20 Nasdaq and S&P 600 following large givebacks/distribution. Both = late=20 confirms and excessive givebacks are signs of weakness, not = strength.

4. While volume on up days has been up and on down days, down, = volume has=20 generally been very light. I prefer to see strong volume confirming, = not just=20 up volume. This might be seasonal, but it seems very suspicious.

5. There have been a number of up days spurred by positive news = (ex. Thurs=20 8/8 Brazil loan approval announcement, CSCO call, etc.) News driven = rallies=20 are suspect and failure prone.

6. A number of up days have been caused by buy programs, which = create=20 artifically positive looking days. Wed. was a great example. There has = also=20 been support from institutional, charter based reallocations from = bonds (think=20 40 yr low on Treasury yield) to stocks. This is not discretionary, = informed=20 buying.

7. There appears to be short covering activity. Not sustainable in = longer=20 term.

8. Oils are rallying. Generally not a good sign for market.

9. While there have been breakouts, they have not been particularly = numerous, nor have they been that powerful. I reviewed my breakout = list from=20 last September. I counted 16 reasonably solid breakouts from the low = through=20 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF CRL FRED MIK = USPH=20 ADVP). I count only 11 in the roughly same time period now (CTSH SIE = IMH XRAY=20 DORL  WTW PIXR CSTR ISLE BYD APOL. Not counting banks, and I = might have=20 missed some). It appears that there are fewer, or at least not more, = breakouts=20 over the recent period. In reviewing the lists, it also appears to me = that=20 there was generally tighter, more consistent, and more=20 prominent leadership back then. That rally, of course, failed = rather=20 quickly. I actually consider the late '01 rally to have been more of = an=20 oversold bounce than a true rally.

10. Expanding on #9, I am not enamored of the power of the = breakouts. Ex.=20 WTW nasty bearish reversal tuesday, declining volume on rally = resumption=20 since. This is not the type of action I want to see.

11. There has been too much strength in tech in the past couple of = days=20 relative to the general market, especially Wed. I do not believe there = is=20 much, if any, chance that tech will provide sustained leadership here, = and=20 especially not large cap tech. See below for more.

12. Lots of broken charts, whippy runups.

Fundamentals:

1. Recent weakening in consumer spending and sentiment. Generally=20 lackluster employment.

2. Market never got "cheap". Some have argued that on a P/E basis = the=20 market got to acceptable trough valuations. Without going into detail, = I have=20 found those arguments generally lacking.

3. Tech fundamentals are bad, and appear to be getting worse. Look = at all=20 the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). = Revenue and=20 earnings guidedowns, capacity utilization dropping, etc. I think I = posted a=20 piece on this previously. That means the market will have to rally = through bad=20 tech news in the upcoming earnings period, with tech stocks going from = very=20 expensive to even more expensive. I do not consider the Dell or CSCO = calls=20 positive for the industry in general. They are share takers, and are=20 benefitting at the expense of the rest of their respective industries. = Recall,=20 as Dell noted in its conference call, total PC sales in the second = quarter=20 DROPPED 10%. Note the relatively poor action in the SOX.

4. We have shifted short term influences in the market. 5 weeks = ago,=20 corporate governance/bad macroeconomic numbers were the short term = driving=20 force, pushing the market to its lows. We digested that information as = we hit=20 the lows on volume. At that point, the market was poised to spring = back,=20 either sustainably or unsustainably. We shifted to a new short term = driving=20 factor: the oversold condition of the market (note how all negative = news is=20 being ignored- ex. AMAT horrible call. That is, IMO, because news is = not the=20 current short term driving factor; the technical condition of the = market is).=20 This short term factor is being augmented by asset allocation and = short=20 covering. However, this short term factor will eventually dissipate, = and we=20 will get a new driving force. Given how poor, IMO, the quality of this = rally=20 has been, I think the market will be primed to latch onto something = negative.=20 We are currently in a bit of a news vacuum. If I'm not mistaken, we = should be=20 getting preannouncements starting sometime in September, as well as = additional=20 economic insight. If this data comes in poorly, the market might start = reacting to it negatively, and this could be our new short term = driving=20 force.

5. There is still "headline risk" in the market. This would include = things=20 like the service and equipment swaps that Q has done with a variety of = companies, including IBM and BLS (not widely known). GE has seen = order=20 slowdowns. There are a host of bankruptcies yet to be announced. F is = in=20 trouble. Housing looks vulnerable. Retail sales were weak the week of = Aug 10,=20 BBY preannounced, etc, so the consumer is still vulnerable. There are = other=20 problems as well. While I undertand that it often looks darkest before = the=20 dawn, it also looks darkest before midnight.

6. Europe looks terrible. Brazil is still a threat, depending on = who wins=20 the presidential elections, and we could still lose South America.

7. There is annecdotal evidence questioning the strength of the = rally. Ex.=20 pulp and paper inventories were up above typical seasonal increases, = Ingersal=20 Rand saw no evidence of an economic comeback, etc.

8. Yield spreads are very wide.

9. Energy sector debt at risk ($500 B), 3G programs, which were = supposed to=20 support telecom debt, have been weak.

10. First Call forward earnings growth has been coming down too=20 quickly.

There are, of course, others. I would be willing to overlook many = of these=20 negatives IF the rally looked better. To me, it looks too much like = the type=20 of bounce we saw in September, but with a shorter duration.

Any thoughts?

Eric

 


Do You Yahoo!?
= HotJobs,=20 a Yahoo! service - Search Thousands of New = Jobs ------=_NextPart_000_00C5_01C2452D.75453570-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Recent activity Date: 16 Aug 2002 12:11:04 -0700 ------=_NextPart_001_0000_01C2451D.FE6E3A00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly- your comment made me laugh so hard MY HEAD HURT! This is an emai= l that I will copy and read thru the ages as I grow my knowledge, and gro= w old. Next Wednesday astounds me!! What I would like to say to Eric is= that if you are this well versed in investing-there are people out here = like me that need to hear more from you more often. Thanks for showing m= e how far I have to go. Nancy =20 ----- Original Message ----- Sent: Friday, August 16, 2002 12:02 PM =20 Eric, =20 I'll get back to you next Wednesday when I'm through digesting all your p= oints.... Kelly (my head hurts) -----Original Message----- Sent: Friday, August 16, 2002 1:40 PM Hi all- Just wanted to throw out a few thoughts and get some feedback. I am not terribly sanguine about the market right now, for a number of re= asons. Before I go into why, I will review the things I see as bullish. I= f anyone has additional bull thoughts, please let me know. Bull: 1.Heavy volume low mid-June, can be sign of climax bottom with sellers cl= earing out. =20 2. Lots of secondary indicators flash extremes generally associated with = bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE trading v= olume, etc. 3. Rally confirms on indices. 4. Generally, up volume advances, down volume pullbacks. 5. Some breakouts occurring. These include (without regard to whether the= y have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE BYD AP= OL. 6. Some potential leadership forming, including gaming (BYD ISLE), medica= l (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE MME), regio= nal banks (if you're willing to include that group as leadership), retail= (JASA PETM MIK KSS). 7. Skepticism about rally. 8. Certain secondary factors, such as the addressing of corporate governa= nce issues, potentially improved accounting, recent strengthening of the = dollar, etc 9. Increased insider buying. 10. Valuations have become compelling in certain areas/companies. The concerns I have are both fundamental and technical. Technical: 1. Secular bears generally don't end with a bang, but with a whimper ('29= , '74). Tendency toward climax bottom with reversal, followed by lower vo= lume selloff into true bottom. 2. Secondary indicators are area code indicators. In a prolonged, hard be= ar, they can be early and flash signals repeatedly before market has tru= ly bottomed. Unreliable. 3. Rally confirm came very late on Dow and S&P, came on low volume on Nas= daq and S&P 600 following large givebacks/distribution. Both late confirm= s and excessive givebacks are signs of weakness, not strength. 4. While volume on up days has been up and on down days, down, volume has= generally been very light. I prefer to see strong volume confirming, not= just up volume. This might be seasonal, but it seems very suspicious. 5. There have been a number of up days spurred by positive news (ex. Thur= s 8/8 Brazil loan approval announcement, CSCO call, etc.) News driven ral= lies are suspect and failure prone. 6. A number of up days have been caused by buy programs, which create art= ifically positive looking days. Wed. was a great example. There has also = been support from institutional, charter based reallocations from bonds (= think 40 yr low on Treasury yield) to stocks. This is not discretionary, = informed buying. 7. There appears to be short covering activity. Not sustainable in longer= term. 8. Oils are rallying. Generally not a good sign for market. 9. While there have been breakouts, they have not been particularly numer= ous, nor have they been that powerful. I reviewed my breakout list from l= ast September. I counted 16 reasonably solid breakouts from the low throu= gh 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF CRL FRED MIK= USPH ADVP). I count only 11 in the roughly same time period now (CTSH SI= E IMH XRAY DORL WTW PIXR CSTR ISLE BYD APOL. Not counting banks, and I m= ight have missed some). It appears that there are fewer, or at least not = more, breakouts over the recent period. In reviewing the lists, it also a= ppears to me that there was generally tighter, more consistent, and more = prominent leadership back then. That rally, of course, failed rather quic= kly. I actually consider the late '01 rally to have been more of an overs= old bounce than a true rally. 10. Expanding on #9, I am not enamored of the power of the breakouts. Ex.= WTW nasty bearish reversal tuesday, declining volume on rally resumption= since. This is not the type of action I want to see. 11. There has been too much strength in tech in the past couple of days r= elative to the general market, especially Wed. I do not believe there is = much, if any, chance that tech will provide sustained leadership here, an= d especially not large cap tech. See below for more. 12. Lots of broken charts, whippy runups. Fundamentals: 1. Recent weakening in consumer spending and sentiment. Generally lacklus= ter employment. 2. Market never got "cheap". Some have argued that on a P/E basis the mar= ket got to acceptable trough valuations. Without going into detail, I hav= e found those arguments generally lacking. =20 3. Tech fundamentals are bad, and appear to be getting worse. Look at all= the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). Reven= ue and earnings guidedowns, capacity utilization dropping, etc. I think I= posted a piece on this previously. That means the market will have to ra= lly through bad tech news in the upcoming earnings period, with tech stoc= ks going from very expensive to even more expensive. I do not consider th= e Dell or CSCO calls positive for the industry in general. They are share= takers, and are benefitting at the expense of the rest of their respecti= ve industries. Recall, as Dell noted in its conference call, total PC sal= es in the second quarter DROPPED 10%. Note the relatively poor action in = the SOX. 4. We have shifted short term influences in the market. 5 weeks ago, corp= orate governance/bad macroeconomic numbers were the short term driving fo= rce, pushing the market to its lows. We digested that information as we h= it the lows on volume. At that point, the market was poised to spring bac= k, either sustainably or unsustainably. We shifted to a new short term dr= iving factor: the oversold condition of the market (note how all negative= news is being ignored- ex. AMAT horrible call. That is, IMO, because new= s is not the current short term driving factor; the technical condition o= f the market is). This short term factor is being augmented by asset allo= cation and short covering. However, this short term factor will eventuall= y dissipate, and we will get a new driving force. Given how poor, IMO, th= e quality of this rally has been, I think the market will be primed to la= tch onto something negative. We are currently in a bit of a news vacuum. = If I'm not mistaken, we should be getting preannouncements starting somet= ime in September, as well as additional economic insight. If this data co= mes in poorly, the market might start reacting to it negatively, and this= could be our new short term driving force. 5. There is still "headline risk" in the market. This would include thing= s like the service and equipment swaps that Q has done with a variety of = companies, including IBM and BLS (not widely known). GE has seen order sl= owdowns. There are a host of bankruptcies yet to be announced. F is in tr= ouble. Housing looks vulnerable. Retail sales were weak the week of Aug 1= 0, BBY preannounced, etc, so the consumer is still vulnerable. There are = other problems as well. While I undertand that it often looks darkest bef= ore the dawn, it also looks darkest before midnight. 6. Europe looks terrible. Brazil is still a threat, depending on who wins= the presidential elections, and we could still lose South America. 7. There is annecdotal evidence questioning the strength of the rally. Ex= . pulp and paper inventories were up above typical seasonal increases, In= gersal Rand saw no evidence of an economic comeback, etc. 8. Yield spreads are very wide. 9. Energy sector debt at risk ($500 B), 3G programs, which were supposed = to support telecom debt, have been weak. 10. First Call forward earnings growth has been coming down too quickly. There are, of course, others. I would be willing to overlook many of thes= e negatives IF the rally looked better. To me, it looks too much like the= type of bounce we saw in September, but with a shorter duration. Any thoughts? Eric =20 Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs =20 For your protection, this e-mail message has been scanned for viruses. =20 Visit us at http://www.neoris.com/ =20 ------=_NextPart_001_0000_01C2451D.FE6E3A00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly- your co= mment made me laugh so hard  MY HEAD HURT!  This is an email th= at I will copy and read thru the ages as I grow my knowledge, and grow ol= d.  Next Wednesday astounds me!!  What I would like to say to E= ric is that if you are this well versed in investing-there are people out= here like me that need to hear more from you more often.  Thanks fo= r showing me how far I have to go. Nancy
 
----- Original Message -----
From: Kelly Short
Sent: Friday, August 16, 2002 12:02 PM<= /DIV>
To: canslim@lists.xmission.c= om
Subject: RE: [CANSLIM] Re= cent activity
 
Eric,
=  
I'll get back to you next Wednesday when I'm= through digesting all your points....   Kelly (my head hurts)<= /FONT>
-----Original Message-----
From: Eric Jaenike [mailt= o:ericjaenike@yahoo.com]
Sent: Friday, August 16, 2002 1:40 PM<= BR>To: canslim group
Subject: [CANSLIM] Recent activity<= BR>

Hi all-

Just wanted to throw out a few tho= ughts and get some feedback.

I am not terribly sanguine about the = market right now, for a number of reasons. Before I go into why, I will r= eview the things I see as bullish. If anyone has additional bull thoughts= , please let me know.

Bull:

1.Heavy volume low mid-June, ca= n be sign of climax bottom with sellers clearing out.

2. Lots of = secondary indicators flash extremes generally associated with bottoms, in= cluding put/call, % bullish/bearish, nasdaq vs. NYSE trading volume, etc.=

3. Rally confirms on indices.

4. Generally, up volume adva= nces, down volume pullbacks.

5. Some breakouts occurring. These in= clude (without regard to whether they have succeeded or not) CTSH FCN IMN= XRAY DORL WTW PIXR CSTR ISLE BYD APOL.

6. Some potential leadersh= ip forming, including gaming (BYD ISLE), medical (LNCR AMSG HSIC), educat= ion (APOL CECO COCO), HMOs (CVH SIE MME), regional banks (if you're willi= ng to include that group as leadership), retail (JASA PETM MIK KSS).

=

7. Skepticism about rally.

8. Certain secondary factors, such a= s the addressing of corporate governance issues, potentially improved acc= ounting, recent strengthening of the dollar, etc

9. Increased insi= der buying.

10. Valuations have become compelling in certain areas= /companies.

The concerns I have are both fundamental and technical= .

Technical:

1. Secular bears generally don't end with a ba= ng, but with a whimper ('29, '74). Tendency toward climax bottom with rev= ersal, followed by lower volume selloff into true bottom.

2. Secon= dary indicators are area code indicators. In a prolonged, hard bear, they= can be early and flash signals repeatedly before market  has truly = bottomed. Unreliable.

3. Rally confirm came very late on Dow and S= &P, came on low volume on Nasdaq and S&P 600 following large give= backs/distribution. Both late confirms and excessive givebacks are signs = of weakness, not strength.

4. While volume on up days has been up = and on down days, down, volume has generally been very light. I prefer to= see strong volume confirming, not just up volume. This might be seasonal= , but it seems very suspicious.

5. There have been a number of up = days spurred by positive news (ex. Thurs 8/8 Brazil loan approval announc= ement, CSCO call, etc.) News driven rallies are suspect and failure prone= .

6. A number of up days have been caused by buy programs, which c= reate artifically positive looking days. Wed. was a great example. There = has also been support from institutional, charter based reallocations fro= m bonds (think 40 yr low on Treasury yield) to stocks. This is not discre= tionary, informed buying.

7. There appears to be short covering ac= tivity. Not sustainable in longer term.

8. Oils are rallying. Gene= rally not a good sign for market.

9. While there have been breakou= ts, they have not been particularly numerous, nor have they been that pow= erful. I reviewed my breakout list from last September. I counted 16 reas= onably solid breakouts from the low through 10/15 (CACI AZO SANG RMCI AHM= H APOL CPRT AMSG NDN MYL BVF CRL FRED MIK USPH ADVP). I count only 11 in = the roughly same time period now (CTSH SIE IMH XRAY DORL  WTW PIXR C= STR ISLE BYD APOL. Not counting banks, and I might have missed some). It = appears that there are fewer, or at least not more, breakouts over the re= cent period. In reviewing the lists, it also appears to me that there was= generally tighter, more consistent, and more prominent leadership b= ack then. That rally, of course, failed rather quickly. I actually consid= er the late '01 rally to have been more of an oversold bounce than a true= rally.

10. Expanding on #9, I am not enamored of the power of the= breakouts. Ex. WTW nasty bearish reversal tuesday, declining volume on r= ally resumption since. This is not the type of action I want to see.

=

11. There has been too much strength in tech in the past couple of day= s relative to the general market, especially Wed. I do not believe there = is much, if any, chance that tech will provide sustained leadership here,= and especially not large cap tech. See below for more.

12. Lots o= f broken charts, whippy runups.

Fundamentals:

1. Recent wea= kening in consumer spending and sentiment. Generally lackluster employmen= t.

2. Market never got "cheap". Some have argued that on a P/E bas= is the market got to acceptable trough valuations. Without going into det= ail, I have found those arguments generally lacking.

3. Tech fund= amentals are bad, and appear to be getting worse. Look at all the recent = calls in the semiconductor space (AMAT TSCM KLIC, etc). Revenue and earni= ngs guidedowns, capacity utilization dropping, etc. I think I posted a pi= ece on this previously. That means the market will have to rally through = bad tech news in the upcoming earnings period, with tech stocks going fro= m very expensive to even more expensive. I do not consider the Dell or CS= CO calls positive for the industry in general. They are share takers, and= are benefitting at the expense of the rest of their respective industrie= s. Recall, as Dell noted in its conference call, total PC sales in the se= cond quarter DROPPED 10%. Note the relatively poor action in the SOX.

=

4. We have shifted short term influences in the market. 5 weeks ago, = corporate governance/bad macroeconomic numbers were the short term drivin= g force, pushing the market to its lows. We digested that information as = we hit the lows on volume. At that point, the market was poised to spring= back, either sustainably or unsustainably. We shifted to a new short ter= m driving factor: the oversold condition of the market (note how all nega= tive news is being ignored- ex. AMAT horrible call. That is, IMO, because= news is not the current short term driving factor; the technical conditi= on of the market is). This short term factor is being augmented by asset = allocation and short covering. However, this short term factor will event= ually dissipate, and we will get a new driving force. Given how poor, IMO= , the quality of this rally has been, I think the market will be primed t= o latch onto something negative. We are currently in a bit of a news vacu= um. If I'm not mistaken, we should be getting preannouncements starting s= ometime in September, as well as additional economic insight. If this dat= a comes in poorly, the market might start reacting to it negatively, and = this could be our new short term driving force.

5. There is still = "headline risk" in the market. This would include things like the service= and equipment swaps that Q has done with a variety of companies, includi= ng IBM and BLS (not widely known). GE has seen order slowdowns. Ther= e are a host of bankruptcies yet to be announced. F is in trouble. Housin= g looks vulnerable. Retail sales were weak the week of Aug 10, BBY preann= ounced, etc, so the consumer is still vulnerable. There are other problem= s as well. While I undertand that it often looks darkest before the dawn,= it also looks darkest before midnight.

6. Europe looks terrible. = Brazil is still a threat, depending on who wins the presidential election= s, and we could still lose South America.

7. There is annecdotal e= vidence questioning the strength of the rally. Ex. pulp and paper invento= ries were up above typical seasonal increases, Ingersal Rand saw no evide= nce of an economic comeback, etc.

8. Yield spreads are very wide.<= /P>

9. Energy sector debt at risk ($500 B), 3G programs, which were su= pposed to support telecom debt, have been weak.

10. First Call for= ward earnings growth has been coming down too quickly.

There are, = of course, others. I would be willing to overlook many of these negatives= IF the rally looked better. To me, it looks too much like the type of bo= unce we saw in September, but with a shorter duration.

Any thought= s?

Eric

 


Do You Yahoo!?<= /B>
HotJobs, a Yahoo! service - Search Thousands of New Jobs <= HR> For your protection, this e-mail message has been scanned for viruses= .

Visit us at http://www.neoris.co= m/

------=_NextPart_001_0000_01C2451D.FE6E3A00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 14:31:44 -0500 Hi Nancy, Let me try and clear up some of your confusion: 1. A stock's "rise" does not occur *in* a base, but *between* bases. While the price will fluctuate up and down within the base itself, the amount of fluctuation will vary depending on the severity of correction and the time it takes to form the area of consolidation. The stock is essentially *absorbing* the gains of its previous advance. 2. When you purchase a stock, you will always purchase it as it *breaks out* of that base. This preferred buy point is referred to as the "pivot" and is again defined by the pattern that the base forms. 4. When a stock begins a healthy rising pattern after it breaks out, it can rise *any* amount before it consolidates (bases) again. There is no hard and fast rule as to how much it will rise before basing, though WON suggests that if it is >=25%, the next base would then be considered a "new stage base." This is only important in that his studies show that most stocks can't muster the oomph to keep going after they've reached the 3rd or 4th stage base. 3. Mike's question about a sell rule is not dependent on *which* base in the base count we are evaluating. A base is a base. If the stock breaks out as it should and begins to rise, how are you going to handle selling it when/if the time comes? 4. WON suggests that, if you buy correctly at the pivot (or no more than 5% above it), that you should never have to suffer a loss of more than 8%. This is because, in his studies, he has found that a healthy stock never falls more than 8% below the pivot before continuing a healthy advance. 5. Mike's question, specifically, was "if a stock breaks out of a base, then rises 10-15%, then falls back, where do you place your sell stop? 8% below your buy price or something other than that?" In other words, should you be willing to accept *any* loss if a stock has managed to rise 10-15% in 6 wks, then falls back to where you bought it. My vote is, if it takes 6 wks to rise and then erases the entire advance, I don't want to take an 8% loss. If it rose 10-15% in *one* week and then fell back on low volume, I'd look at that as "normal" and might consider it a second chance to *buy* more. Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 1:47 PM | Katherine-let me see if I am following correctly please. My question is | that previously I understood that after the third rise in a base formation a | stock may correct by dropping below the previous base and then starting up | again if all is well with the stock. Then the bases start to be recounted | again. In this case, if you just bought in during the third rise in the | base, which from my understanding would probably go up between 15%(Mikes | figure) and 25%( the amount of each rise in a base of a healthy stock) you | would sell(not you personally but someone with my amount of experience or | the like) before the 8% drop, to protect your gain. Then follow the stock | and watch for a buy in again at some point depending on how the stock acts | from this point on? Is that close to correct ??? Thanks for your thoughts | Nancy | | | >From: "Katherine Malm" | >Reply-To: canslim@lists.xmission.com | >To: | >Subject: Re: [CANSLIM] stop losses and profits | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | > | >HI Mike, | > | >I think you'll get a hundred different answers on this one, so I'll just | >answer from my personal point of view. | > | >If a stock breaks out of a well-formed base on volume, then takes 6 weeks | >to | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at that | >point, even if it were falling back "normally" as you suggest. To me that | >means that no sell signals were triggered on the way up, and that the | >general pattern included up days on higher volume than down days, support | >at | >the 50 day moving average, etc. My personal preference, however, would be | >to | >move my stop to breakeven or slightly below (3-4% max, depending on market | >conditions) if the stock had risen like this. | > | >Katherine | > | > | >----- Original Message ----- | >From: | >To: | >Sent: Friday, August 16, 2002 9:17 AM | >Subject: [CANSLIM] stop losses and profits | > | > | >| Group, | >| | >| In reading WON, he makes a statement that you should never let a stock in | >| which you are up 10-15% turn into a loss, but I was wondering you have | >| interpreted that along with the sell at no more than an 8% loss rule. | >| | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ | >| weeks), and then is started to correct....Do you sell at you break even | >| point, or do you allow it to go to your 8% loss point before selling? | >This | >| is assuming that the stock is NOT giving any strong sell signals, but | >| appears to be pulling back "normally". | >| | >| Thanks | >| | >| Mike Niemotka , PE | >| Sr. Principal Engineer | >| Baxter Healthcare Corporation | >| Route 120 & Wilson Road | >| Round Lake, IL 60073 | >| Tel (847) 270-4075 | >| Fax (847) 270-4525 | >| michael_niemotka@baxter.com | >| | >| | >| | >| - | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | >| -In the email body, write "subscribe canslim" or | >| -"unsubscribe canslim". Do not use quotes in your email. | > | > | >- | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | >-In the email body, write "subscribe canslim" or | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | _________________________________________________________________ | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 14:54:17 -0500 Katherine, I knew I could count on you for a good answer. As a follow up to your answer #4, if you made 10-15% in one week, how low would you allow the stock to drop on low volume and still buy more, as opposed to selling out? Put another way, if it ran up 15% in a week, would you allow it to go below your original buy point, even if it was at low volume? Have a great weekend everyone! Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits ission.com 08/16/2002 02:31 PM Please respond to canslim Hi Nancy, Let me try and clear up some of your confusion: 1. A stock's "rise" does not occur *in* a base, but *between* bases. While the price will fluctuate up and down within the base itself, the amount of fluctuation will vary depending on the severity of correction and the time it takes to form the area of consolidation. The stock is essentially *absorbing* the gains of its previous advance. 2. When you purchase a stock, you will always purchase it as it *breaks out* of that base. This preferred buy point is referred to as the "pivot" and is again defined by the pattern that the base forms. 4. When a stock begins a healthy rising pattern after it breaks out, it can rise *any* amount before it consolidates (bases) again. There is no hard and fast rule as to how much it will rise before basing, though WON suggests that if it is >=25%, the next base would then be considered a "new stage base." This is only important in that his studies show that most stocks can't muster the oomph to keep going after they've reached the 3rd or 4th stage base. 3. Mike's question about a sell rule is not dependent on *which* base in the base count we are evaluating. A base is a base. If the stock breaks out as it should and begins to rise, how are you going to handle selling it when/if the time comes? 4. WON suggests that, if you buy correctly at the pivot (or no more than 5% above it), that you should never have to suffer a loss of more than 8%. This is because, in his studies, he has found that a healthy stock never falls more than 8% below the pivot before continuing a healthy advance. 5. Mike's question, specifically, was "if a stock breaks out of a base, then rises 10-15%, then falls back, where do you place your sell stop? 8% below your buy price or something other than that?" In other words, should you be willing to accept *any* loss if a stock has managed to rise 10-15% in 6 wks, then falls back to where you bought it. My vote is, if it takes 6 wks to rise and then erases the entire advance, I don't want to take an 8% loss. If it rose 10-15% in *one* week and then fell back on low volume, I'd look at that as "normal" and might consider it a second chance to *buy* more. Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 1:47 PM | Katherine-let me see if I am following correctly please. My question is | that previously I understood that after the third rise in a base formation a | stock may correct by dropping below the previous base and then starting up | again if all is well with the stock. Then the bases start to be recounted | again. In this case, if you just bought in during the third rise in the | base, which from my understanding would probably go up between 15%(Mikes | figure) and 25%( the amount of each rise in a base of a healthy stock) you | would sell(not you personally but someone with my amount of experience or | the like) before the 8% drop, to protect your gain. Then follow the stock | and watch for a buy in again at some point depending on how the stock acts | from this point on? Is that close to correct ??? Thanks for your thoughts | Nancy | | | >From: "Katherine Malm" | >Reply-To: canslim@lists.xmission.com | >To: | >Subject: Re: [CANSLIM] stop losses and profits | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | > | >HI Mike, | > | >I think you'll get a hundred different answers on this one, so I'll just | >answer from my personal point of view. | > | >If a stock breaks out of a well-formed base on volume, then takes 6 weeks | >to | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at that | >point, even if it were falling back "normally" as you suggest. To me that | >means that no sell signals were triggered on the way up, and that the | >general pattern included up days on higher volume than down days, support | >at | >the 50 day moving average, etc. My personal preference, however, would be | >to | >move my stop to breakeven or slightly below (3-4% max, depending on market | >conditions) if the stock had risen like this. | > | >Katherine | > | > | >----- Original Message ----- | >From: | >To: | >Sent: Friday, August 16, 2002 9:17 AM | >Subject: [CANSLIM] stop losses and profits | > | > | >| Group, | >| | >| In reading WON, he makes a statement that you should never let a stock in | >| which you are up 10-15% turn into a loss, but I was wondering you have | >| interpreted that along with the sell at no more than an 8% loss rule. | >| | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ | >| weeks), and then is started to correct....Do you sell at you break even | >| point, or do you allow it to go to your 8% loss point before selling? | >This | >| is assuming that the stock is NOT giving any strong sell signals, but | >| appears to be pulling back "normally". | >| | >| Thanks | >| | >| Mike Niemotka , PE | >| Sr. Principal Engineer | >| Baxter Healthcare Corporation | >| Route 120 & Wilson Road | >| Round Lake, IL 60073 | >| Tel (847) 270-4075 | >| Fax (847) 270-4525 | >| michael_niemotka@baxter.com | >| | >| | >| | >| - | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | >| -In the email body, write "subscribe canslim" or | >| -"unsubscribe canslim". Do not use quotes in your email. | > | > | >- | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | >-In the email body, write "subscribe canslim" or | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | _________________________________________________________________ | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] Inst Ownership Date: 16 Aug 2002 13:47:30 -0500 > From: "Tom Worley" > Date: Fri, 16 Aug 2002 08:10:48 -0400 > > > my opinion is worth exactly what you paid for it, Ann ----- >Original Message ----- From: Ann To: canslim@lists.xmission.com Sent: >Friday, August 16, 2002 8:07 AM Subject: Re: [CANSLIM] Inst Ownership > > "For most public companies, institutions own most of the outstanding >float, maybe 80% to 90% (according to Yahoo)." But I thought Tom said >that 90%+ institutional ownership was very rare. Am I missing something? > Ann Tom, who is paying you for your postings? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] CVH handle Date: 16 Aug 2002 14:01:10 -0500 > From: "Tom Worley" > Date: Thu, 15 Aug 2002 00:57:00 -0400 > > pattern is too short (one week) to start calling this a handle. What is the minimum length of a handle? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] CEO / CFO certifications Date: 16 Aug 2002 14:46:32 -0500 What is their relation to CANSLIM? > From: "Tom Worley" > Date: Thu, 15 Aug 2002 19:36:23 -0400 > > as per the SEC website, updated as of 7:10 PM tonight, following companies > expected to report by yesterday still had not filed. No indication is shown > of those that filed for the five day extension. > > Adolph Coors Company > Advance Auto Parts, Inc. > The AES Corporation > Anadarko Petroleum Corporation > Aon Corporation > Aquila, Inc. > Brightpoint, Inc. > Cendant Corp > Coca-Cola Enterprises Inc. > Collins & Aikman Corp. > Comdisco Inc. > Conseco Inc. > Consolidated Freightways Corp. > Danaher Corporation > DST Systems, Inc. > Exide Technologies > Foamex International Inc. > Gemstar-TV Guide International Inc. > Gentek Inc. > Hercules Inc. > Hub Group Inc. > IT Group Inc. > Jones Apparel Group Inc. > Mariner Health Care Inc. > McLeodUSA Incorporated > Metaldyne Corporation > MetLife Inc. > Millennium Chemicals Inc. > Newmont Mining Corporation > NorthWestern Corporation > NSTAR > Perini Corp. > Protective Life Corp. > Qwest Communications Intl > Reliant Energy Inc. > Riverwood Holding Inc. > Rock-Tenn Co. > Sempra Energy. > TXU Corp. > U.S. Industries Inc. > US Airways Group Inc. > Weatherford International Inc. > XO Communications Inc. > Zions Bancorporation > > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] CVH handle Date: 16 Aug 2002 20:05:04 GMT If memory serves me correctly, 1 week is long enuf. I think maybe I saw this also on Katherine's hand-sketched charts?? If not, nevermind:-) Norm Hermann Ertl writes: > > From: "Tom Worley" > > Date: Thu, 15 Aug 2002 00:57:00 -0400 > > > > pattern is too short (one week) to start calling this a handle. > > > > > What is the minimum length of a handle? > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 16 Aug 2002 13:35:27 -0700 ------=_NextPart_001_0000_01C24529.C8014FA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine-I have several questions to ask you about your post if you do n= ot mind. I am confused. 1st-I was not disputing your answer to Mike-I was= asking , in the situation I was presenting to you (from info I thought I= got from you post ) could my response be right or am I totally lost in b= ases and sells? Tell me if I am because I was thinking I was getting som= e understanding but your email sounded like I am not. Second Part of my = info was taken from the link you put a chart in when you posted this emai= l. I went back and reviewed it and now realize I was looking at the RS l= ine in the 12 week base you pointed out ande not the chart pattern. Figu= res huh! Do I understand it to be right that a base is when the stock is = going sideways and when it starts its 25 or so climb it is not a base aga= in until it starts going sideways again. Thanks again for your patience = Nancy =20 ----- Original Message ----- Sent: Tuesday, August 13, 2002 7:33 AM =20 Hi Mike, WTW didn't have the smoothest base, but it was a 12 week base nonetheless= . That's not unusual given the gyrations of the market as it's been groping for this latest bottom. So that you can see my personal take on it, I've annotated the chart at: http://WallStreet-LLC.com/canslim/WTW081302.jpg Gene noted that WTW is also featured in IBD's weblink today. They have al= so annotated a chart, so you can see their interpretation at: http://www.investors.com/weblink/ Katherine ----- Original Message ----- Sent: Tuesday, August 13, 2002 8:50 AM Katherine, Can you expound on the statement that WTW broke out? In looking at the chart, I can sorta see a v shaped cwh, but in the handle, the volume did NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSL= IM] Which One Is Better - Updated ission.com 08/12/2002 08:02 PM Please respond to canslim You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine ----- Original Message ----- Sent: Monday, August 12, 2002 7:41 PM Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- Sent: Monday, August 12, 2002 6:58 PM Either way, it appears that the IBD data paints a prettier picture of the stocks. -Bill ----- Original Message ----- Sent: Monday, August 12, 2002 4:50 PM I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- Sent: Monday, August 12, 2002 5:47 PM Hi Gene, There seems to be conflicting information on this...See DGO's reply to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet been reflected in our Image Maps resource. We plan on making the update soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect=AE Composite Rating that i= s provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- Sent: Monday, August 12, 2002 4:06 PM Let's see, IBD provides an Overall Rating and now DGO provides a Composit= e Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also included in the formula. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. This is intended to be an additional tool to help you find the stocks with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a proprietary formula incorporating all five of the Stock Checkup ratings. These are the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup uses over 30 different variables including all the SmartSelect=AE Ratings to calculate the Overall Rating. When using the Stock Checkup, focus not only on the Overall Rating but all 6 of the Checkup Ratings. Also study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0000_01C24529.C8014FA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine-I ha= ve several questions to ask you about your post if you do not mind. I am = confused. 1st-I was not disputing your answer to Mike-I was asking , in t= he situation I was presenting to you (from info I thought I got from you = post ) could my response be right or am I totally lost in bases and = sells?  Tell me if I am because I was thinking I was getting some un= derstanding but your email sounded like I am not.  Second Part of my= info was taken from the link you put a chart in when you posted this ema= il.  I went back and reviewed it and now realize I was looking at th= e RS line in the 12 week base you pointed out ande not the chart pattern.=   Figures huh! Do I understand it to be right that a base is wh= en the stock is going sideways and when it starts its 25 or so climb it i= s not a base again until it starts going sideways again.  Thanks aga= in for your patience Nancy
 
----- = Original Message -----
From: Katherine Malm
Sent: Tuesday, August 13, 2002 7:33 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Re: WTW (was: Whi= ch One Is Better - Updated)
 
Hi Mike,

WTW di= dn't have the smoothest base, but it was a 12 week base nonetheless.
T= hat's not unusual given the gyrations of the market as it's been groping<= BR>for this latest bottom. So that you can see my personal take on it, I'= ve
annotated the chart at:

http://WallStreet-LLC.com/canslim/WT= W081302.jpg


Gene noted that WTW is also featured in IBD's webl= ink today. They have also
annotated a chart, so you can see their inte= rpretation at:

http://www.investors.com/weblink/

Katherine<= BR>
----- Original Message -----
From: <michael_niemotka@baxter.= com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, Augus= t 13, 2002 8:50 AM
Subject: Re: [CANSLIM] Which One Is Better - Update= d



Katherine,

Can you expound on the statement that = WTW broke out?  In looking at the
chart, I can sorta see a v shap= ed cwh, but in the handle, the volume did
NOT dry up.....what would yo= u say the pivot point was?

Thanks

Mike Niemotka , PE
Sr.= Principal Engineer
Baxter Healthcare Corporation
Route 120 & W= ilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270= -4525
michael_niemotka@baxter.com



   &nb= sp;           &nbs= p;    "Katherine Malm"
     &n= bsp;           &nb= sp;  <kmalm@earthlink.net>      =    To:
canslim@lists.xmission.com
    = ;            =     Sent by:       &nbs= p;            = ;  cc:
         &nbs= p;          owner-canslim@li= sts.xm        Subject:  &nbs= p;  Re: [CANSLIM]
Which One Is Better - Updated
  &n= bsp;           &nb= sp;     ission.com


    = ;            =     08/12/2002 08:02 PM
     &= nbsp;           &n= bsp;  Please respond to
       = ;            = canslim






You know, I have a simple solution fo= r this kind of dilemma....don't use
the numbers.

I know it's te= mpting to use a number like this, as it seems to "tell you
everything"= about the stock. But I think once you summarize summary
numbers, you'= re asking for trouble. I rank the composite score as "mildly
useful."<= BR>
Here's an example. I'll select a couple of stocks that have come u= p for
discussion here in the last few months: WTW and TOL.

Scor= es?
WTW =3D 96
TOL =3D 95

Yet, look at the charts. WTW broke= out today, TOL is rolling over and
playing dead. Doesn't sound like a= score of 95/96 "tells" me everything I
need to know about the stocks.=

Katherine
----- Original Message -----
From: Gene Ricci
= R>Subject: Re: [CANSLIM] Which One Is Better - Updated

Arghhh!
= Same definition
Same data base
Same company
different numbers!----- Original Message -----
From: Bill Triffet
To: canslim@lists= .xmission.com
Sent: Monday, August 12, 2002 6:58 PM
Subject: Re: [C= ANSLIM] Which One Is Better - Updated

Either way, it appears that = the IBD data paints a prettier picture of the
stocks.

-Bill
=
----- Original Message -----
From: "Gene Ricci" <genr@swbell.ne= t>
To: <canslim@lists.xmission.com>
Sent: Monday, August 1= 2, 2002 4:50 PM
Subject: Re: [CANSLIM] Which One Is Better - Updated

I just had today's update figures for DGO sent to me.
The 3 = columns are 8/9 DGO data
8/12 IBD readings 30 minutes ago
8/12 DGO = just received today's download


Hi Katherine, I hadn't checked = today and after reading your note, I
'thought' I was in error.

= However, I just went and checked several stocks:
   &nb= sp;            8/9=   8/12  8/12
        = ;         DGO  IBD  DGO=
AAON     85     86  = ;    83
AIR       &n= bsp;  38     55      32=
ABCB       89     9= 0     90
ABM      &n= bsp;  77    85      75
AB= N         58    67=        58
ACE    &nb= sp;    69    86    &nbs= p;   71
ACMR     92   &nb= sp; 95       92
AES   &nb= sp;     24     30  &nbs= p;    25
AFCE      72 &nb= sp;   79       74
AFL &nb= sp;       92     95&nbs= p;      91


The first ten (10) I check= ed showed different numbers.

My question still stands, which one i= s better?

Gene



----- Original Message -----
From= : Katherine Malm
To: canslim@lists.xmission.com
Sent: Monday, Augus= t 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which One Is Better

<= BR>Hi Gene,

There seems to be conflicting information on this...Se= e DGO's reply to my
recent inquiry (7/31) about the very same thing:



Hi Katherine,

Thank you for your recent email to= Daily Graphs Online.

I apologize, but the recent additions to our= services have not yet been
reflected in our Image Maps resource. = ; We plan on making the update soon.
TO address your question, I would= like to confirm that the Composite
Rating
you see on our service i= s the same SmartSelect=AE Composite Rating that is
provided by the Inv= estor's Business Daily and investors.com.

Please write back if you= have any questions or need assistance.

Best regards,
Dan
Da= ily Graphs Online
www.dailygraphs.com

----- Original Message --= ---
From: Gene Ricci
To: canslim@lists.xmission.com
Sent: Monday= , August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is Better

Let's see, IBD provides an Overall Rating and now DGO provides a Co= mposite
Rating. Has anyone determined which one is better?

Gene=

The new SmartSelect=AE Composite Rating in Investor's Business Da= ily and
the Stock Checkup Overall Rating found on investors.com are ba= sed on
different formulas.

The SmartSelect=AE Composite Rating = combines all 5 SmartSelect Ratings
into one easy-to-use rating.  = More weight is placed on EPS and RS
Rating, and the stock's percent of= f its 52-week high is also included in
the formula.  Results are = then compared to all other companies, and each
company is assigned a r= ating from 1-99 with 99 being the best.  This
rating is designed = to help you get a quick feel for how a company's
SmartSelect=AE Rating= s compare to all other stocks in our database.  This
is intended = to be an additional tool to help you find the stocks with
the highest = SmartSelect=AE Ratings, quickly and easily.

The Overall Rating in = the Stock Checkup is determined by a proprietary
formula incorporating= all five of the Stock Checkup ratings. These are
the Technical Rating= , Fundamental Rating, Attractiveness Rating, Group's
Technical Rating = and Group's Fundamental Rating.  The Stock Checkup uses
over 30 d= ifferent variables including all the SmartSelect=AE Ratings to
calcula= te the Overall Rating.  When using the Stock Checkup, focus not
o= nly on the Overall Rating but all 6 of the Checkup Ratings.  Also st= udy
how the stock compares to its group within the individual Checkup<= BR>Ratings.



-
-To subscribe/unsubscribe, email "majordo= mo@xmission.com"
-In the email body, write "subscribe canslim" or
-= "unsubscribe canslim".  Do not use quotes in your email.


= -
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the= email body, write "subscribe canslim" or
-"unsubscribe canslim". = ; Do not use quotes in your email.





-
-To subscr= ibe/unsubscribe, email "majordomo@xmission.com"
-In the email body, wr= ite "subscribe canslim" or
-"unsubscribe canslim".  Do not use qu= otes in your email.


-
-To subscribe/unsubscribe, email "maj= ordomo@xmission.com"
-In the email body, write "subscribe canslim" or<= BR>-"unsubscribe canslim".  Do not use quotes in your email.
------=_NextPart_001_0000_01C24529.C8014FA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] CVH handle Date: 16 Aug 2002 20:33:07 GMT Let me qualify that. One week is long enuf if the price/vol action is right. Volatility will negate a chart in a hurry, IMO. norm Boyd writes: > If memory serves me correctly, 1 week is long enuf. I think maybe I saw > this also on Katherine's hand-sketched charts?? If not, nevermind:-) > > Norm > > > Hermann Ertl writes: > > > > From: "Tom Worley" > > > Date: Thu, 15 Aug 2002 00:57:00 -0400 > > > > > > pattern is too short (one week) to start calling this a handle. > > > > > > > > > > What is the minimum length of a handle? > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 14:10:16 -0700 ------=_NextPart_001_0001_01C2452E.A5764940 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine-here are my other questions-1) a new stage base is one of the b= ases(side movement ) between the 1 or 4 healthy rises( uptrends) in a sto= ck, while starting to count bases over again is done when a stock breaks = down and dips below the low point of the previous base. 2)If a stock bre= aks down after the 3rd or 4th rise and must undercut the previous low to = restart base count would someone like me a)let it drop to your buy point = b)let it drop 8% below c)let it drop to undercut the low of the previous = base d) don't buy in on the 3rd or 4th base or rise because it may fail. = 3) The difference in your response seems to be the lenght of time it t= ook the stock to rise. My thinking is that a stock that shoots up quickl= y will have profit taking and if it is healthy will turn up again( kind = of like the handle in CWH) while a stock that takes 6 weeks to rise shou= ld be stronger by then and if it falls it probably never was a strong sto= ck.( leaving out horrible days in the market when all falls.) Please excu= se my ignorance but the only way I know if I am progressing is to see how= much I am missing. Thanks again-I know you are a busy person Nancy =20 ----- Original Message ----- Sent: Friday, August 16, 2002 12:32 PM =20 Hi Nancy, Let me try and clear up some of your confusion: 1. A stock's "rise" does not occur *in* a base, but *between* bases. Whil= e the price will fluctuate up and down within the base itself, the amount o= f fluctuation will vary depending on the severity of correction and the tim= e it takes to form the area of consolidation. The stock is essentially *absorbing* the gains of its previous advance. 2. When you purchase a stock, you will always purchase it as it *breaks o= ut* of that base. This preferred buy point is referred to as the "pivot" and = is again defined by the pattern that the base forms. 4. When a stock begins a healthy rising pattern after it breaks out, it c= an rise *any* amount before it consolidates (bases) again. There is no hard = and fast rule as to how much it will rise before basing, though WON suggests that if it is >=3D25%, the next base would then be considered a "new stag= e base." This is only important in that his studies show that most stocks can't muster the oomph to keep going after they've reached the 3rd or 4th stage base. 3. Mike's question about a sell rule is not dependent on *which* base in = the base count we are evaluating. A base is a base. If the stock breaks out a= s it should and begins to rise, how are you going to handle selling it when= /if the time comes? 4. WON suggests that, if you buy correctly at the pivot (or no more than = 5% above it), that you should never have to suffer a loss of more than 8%. T= his is because, in his studies, he has found that a healthy stock never falls more than 8% below the pivot before continuing a healthy advance. 5. Mike's question, specifically, was "if a stock breaks out of a base, t= hen rises 10-15%, then falls back, where do you place your sell stop? 8% belo= w your buy price or something other than that?" In other words, should you = be willing to accept *any* loss if a stock has managed to rise 10-15% in 6 w= ks, then falls back to where you bought it. My vote is, if it takes 6 wks to rise and then erases the entire advance, I don't want to take an 8% loss.= If it rose 10-15% in *one* week and then fell back on low volume, I'd look a= t that as "normal" and might consider it a second chance to *buy* more. Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 1:47 PM | Katherine-let me see if I am following correctly please. My question i= s | that previously I understood that after the third rise in a base format= ion a | stock may correct by dropping below the previous base and then starting= up | again if all is well with the stock. Then the bases start to be recoun= ted | again. In this case, if you just bought in during the third rise in th= e | base, which from my understanding would probably go up between 15%(Mike= s | figure) and 25%( the amount of each rise in a base of a healthy stock) = you | would sell(not you personally but someone with my amount of experience = or | the like) before the 8% drop, to protect your gain. Then follow the st= ock | and watch for a buy in again at some point depending on how the stock a= cts | from this point on? Is that close to correct ??? Thanks for your thoughts | Nancy | | | >From: "Katherine Malm" | >Reply-To: canslim@lists.xmission.com | >To: | >Subject: Re: [CANSLIM] stop losses and profits | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | > | >HI Mike, | > | >I think you'll get a hundred different answers on this one, so I'll ju= st | >answer from my personal point of view. | > | >If a stock breaks out of a well-formed base on volume, then takes 6 we= eks | >to | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at th= at | >point, even if it were falling back "normally" as you suggest. To me t= hat | >means that no sell signals were triggered on the way up, and that the | >general pattern included up days on higher volume than down days, supp= ort | >at | >the 50 day moving average, etc. My personal preference, however, would= be | >to | >move my stop to breakeven or slightly below (3-4% max, depending on market | >conditions) if the stock had risen like this. | > | >Katherine | > | > | >----- Original Message ----- | >From: | >To: | >Sent: Friday, August 16, 2002 9:17 AM | >Subject: [CANSLIM] stop losses and profits | > | > | >| Group, | >| | >| In reading WON, he makes a statement that you should never let a sto= ck in | >| which you are up 10-15% turn into a loss, but I was wondering you ha= ve | >| interpreted that along with the sell at no more than an 8% loss rule= . | >| | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few (= 6+ | >| weeks), and then is started to correct....Do you sell at you break e= ven | >| point, or do you allow it to go to your 8% loss point before selling= ? | >This | >| is assuming that the stock is NOT giving any strong sell signals, bu= t | >| appears to be pulling back "normally". | >| | >| Thanks | >| | >| Mike Niemotka , PE | >| Sr. Principal Engineer | >| Baxter Healthcare Corporation | >| Route 120 & Wilson Road | >| Round Lake, IL 60073 | >| Tel (847) 270-4075 | >| Fax (847) 270-4525 | >| michael_niemotka@baxter.com | >| | >| | >| | >| - | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | >| -In the email body, write "subscribe canslim" or | >| -"unsubscribe canslim". Do not use quotes in your email. | > | > | >- | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | >-In the email body, write "subscribe canslim" or | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | _________________________________________________________________ | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0001_01C2452E.A5764940 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine-here=  are my other questions-1) a new stage base is one of the bases(side= movement ) between the 1 or 4 healthy rises( uptrends) in a stock, = while starting to count bases over again is done when a stock breaks down= and dips below the low point of the previous base.  2)If a stock br= eaks down after the 3rd or 4th rise and must undercut the previous l= ow to restart base count would someone like me a)let it drop to your buy = point b)let it drop 8% below c)let it drop to undercut the low of th= e previous base d) don't buy in on the 3rd or 4th base or rise because it= may fail.    3) The difference in your response seems to = be the lenght of time it took the stock to rise.  My thinking is tha= t a stock that shoots up quickly will have profit taking  and if it = is healthy will turn up again( kind of like the handle in CWH)  whil= e a stock that takes 6 weeks to rise should be stronger by then and if it= falls it probably never was a strong stock.( leaving out horrible days i= n the market when all falls.) Please excuse my ignorance but the only way= I know if I am progressing is to see how much I am missing.  Thanks= again-I know you are a busy person  Nancy
 
<= BLOCKQUOTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5= px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
From: Katherine Malm
Sent: Friday, August 16, 2002= 12:32 PM
To: canslim@lists.= xmission.com
Subject: Re: [C= ANSLIM] stop losses and profits
 
Hi Nancy,

L= et me try and clear up some of your confusion:

1. A stock's "rise"= does not occur *in* a base, but *between* bases. While
the price will= fluctuate up and down within the base itself, the amount of
fluctuati= on will vary depending on the severity of correction and the time
it t= akes to form the area of consolidation. The stock is essentially
*abso= rbing* the gains of its previous advance.

2. When you purchase a s= tock, you will always purchase it as it *breaks out*
of that base. Thi= s preferred buy point is referred to as the "pivot" and is
again defin= ed by the pattern that the base forms.

4. When a stock begins a he= althy rising pattern after it breaks out, it can
rise *any* amount bef= ore it consolidates (bases) again. There is no hard and
fast rule as t= o how much it will rise before basing, though WON suggests
that if it = is >=3D25%, the next base would then be considered a "new stage
bas= e." This is only important in that his studies show that most stocks
c= an't muster the oomph to keep going after they've reached the 3rd or 4th<= BR>stage base.

3. Mike's question about a sell rule is not depende= nt on *which* base in the
base count we are evaluating. A base is a ba= se. If the stock breaks out as
it should and begins to rise, how are y= ou going to handle selling it when/if
the time comes?

4. WON su= ggests that, if you buy correctly at the pivot (or no more than 5%
abo= ve it), that you should never have to suffer a loss of more than 8%. This=
is because, in his studies, he has found that a healthy stock never f= alls
more than 8% below the pivot before continuing a healthy advance.=

5. Mike's question, specifically, was "if a stock breaks out of a= base, then
rises 10-15%, then falls back, where do you place your sel= l stop? 8% below
your buy price or something other than that?" In othe= r words, should you be
willing to accept *any* loss if a stock has man= aged to rise 10-15% in 6 wks,
then falls back to where you bought it. = My vote is, if it takes 6 wks to
rise and then erases the entire advan= ce, I don't want to take an 8% loss. If
it rose 10-15% in *one* week a= nd then fell back on low volume, I'd look at
that as "normal" and migh= t consider it a second chance to *buy* more.

Katherine


= ----- Original Message -----
From: "NANCY POLCARO" <zillagirl@msn.c= om>
To: <canslim@lists.xmission.com>
Sent: Friday, August = 16, 2002 1:47 PM
Subject: Re: [CANSLIM] stop losses and profits

| Katherine-let me see if I am following correctly please.  My = question is
| that previously I understood that after the third rise i= n a base formation
a
| stock may correct by dropping below the prev= ious base and then starting up
| again if all is well with the stock.&= nbsp; Then the bases start to be recounted
| again.  In this case= , if you just bought in during the third rise in the
| base, which fro= m my understanding would probably go up between 15%(Mikes
| figure) an= d 25%( the amount of each rise in a base of a healthy stock) you
| wou= ld sell(not you personally but someone with my amount of experience or| the like) before the 8% drop, to protect your gain.  Then follow = the stock
| and watch for a buy in again at some point depending on ho= w the stock acts
| from this point on?  Is that close to correct = ???  Thanks for your
thoughts
| Nancy
|
|
| >From:= "Katherine Malm" <kmalm@earthlink.net>
| >Reply-To: canslim@= lists.xmission.com
| >To: <canslim@lists.xmission.com>
| &= gt;Subject: Re: [CANSLIM] stop losses and profits
| >Date: Fri, 16 = Aug 2002 13:09:30 -0500
| >
| >HI Mike,
| >
| >I = think you'll get a hundred different answers on this one, so I'll just| >answer from my personal point of view.
| >
| >If a sto= ck breaks out of a well-formed base on volume, then takes 6 weeks
| &g= t;to
| >rise 10 or 15 percent, then I sure wouldn't want to risk 8%= loss at that
| >point, even if it were falling back "normally" as = you suggest. To me that
| >means that no sell signals were triggere= d on the way up, and that the
| >general pattern included up days o= n higher volume than down days, support
| >at
| >the 50 day m= oving average, etc. My personal preference, however, would be
| >to=
| >move my stop to breakeven or slightly below (3-4% max, dependin= g on
market
| >conditions) if the stock had risen like this.
= | >
| >Katherine
| >
| >
| >----- Original Mes= sage -----
| >From: <michael_niemotka@baxter.com>
| >To= : <canslim@lists.xmission.com>
| >Sent: Friday, August 16, 20= 02 9:17 AM
| >Subject: [CANSLIM] stop losses and profits
| ><= BR>| >
| >| Group,
| >|
| >| In reading WON, he make= s a statement that you should never let a stock
in
| >| which yo= u are up 10-15% turn into a loss, but I was wondering you have
| >|= interpreted that along with the sell at no more than an 8% loss rule.| >|
| >| Say you buy a stock, at a breakout, and it rises 10-1= 5% over a few (6+
| >| weeks), and then is started to correct....Do= you sell at you break even
| >| point, or do you allow it to go to= your 8% loss point before selling?
| >This
| >| is assuming = that the stock is NOT giving any strong sell signals, but
| >| appe= ars to be pulling back "normally".
| >|
| >| Thanks
| >= |
| >| Mike Niemotka , PE
| >| Sr. Principal Engineer
| &g= t;| Baxter Healthcare Corporation
| >| Route 120 & Wilson Road<= BR>| >| Round Lake, IL 60073
| >| Tel (847) 270-4075
| >| = Fax (847) 270-4525
| >| michael_niemotka@baxter.com
| >|
|= >|
| >|
| >| -
| >| -To subscribe/unsubscribe, emai= l "majordomo@xmission.com"
| >| -In the email body, write "subscrib= e canslim" or
| >| -"unsubscribe canslim".  Do not use quotes = in your email.
| >
| >
| >-
| >-To subscribe/unsu= bscribe, email "majordomo@xmission.com"
| >-In the email body, writ= e "subscribe canslim" or
| >-"unsubscribe canslim".  Do not us= e quotes in your email.
|
|
|
|
| ________________________= _________________________________________
| Send and receive Hotmail o= n your mobile device: http://mobile.msn.com
|
|
| -
| -To sub= scribe/unsubscribe, email "majordomo@xmission.com"
| -In the email bod= y, write "subscribe canslim" or
| -"unsubscribe canslim".  Do not= use quotes in your email.


-
-To subscribe/unsubscribe, ema= il "majordomo@xmission.com"
-In the email body, write "subscribe cansl= im" or
-"unsubscribe canslim".  Do not use quotes in your email.<= BR>
------=_NextPart_001_0001_01C2452E.A5764940-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 16 Aug 2002 16:23:45 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0129_01C24541.4B343A60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, I have to admit I'm clueless as to what you're asking me in regard to a = "response on WTW" as I have seen none. Your question earlier today was in response to Mike Niemotka's posting = about stop losses and I detailed several points with respect to your = comments. But to your questions here, yes, yes, yes, you are correct!!....when the = stock essentially moves sideways, *that's* a base. And yes! after it = breaks out it will move up ("rise", "ascend") for a while before it = forms another base.=20 See my handwritten notes on bases and rising stocks at: = http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG and http://WallStreet-LLC.com/canslim/TypesOfBases.JPG Katherine ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, August 16, 2002 3:35 PM Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Katherine-I have several questions to ask you about your post if you = do not mind. I am confused. 1st-I was not disputing your answer to = Mike-I was asking , in the situation I was presenting to you (from info = I thought I got from you post ) could my response be right or am I = totally lost in bases and sells? Tell me if I am because I was thinking = I was getting some understanding but your email sounded like I am not. = Second Part of my info was taken from the link you put a chart in when = you posted this email. I went back and reviewed it and now realize I = was looking at the RS line in the 12 week base you pointed out ande not = the chart pattern. Figures huh! Do I understand it to be right that a = base is when the stock is going sideways and when it starts its 25 or so = climb it is not a base again until it starts going sideways again. = Thanks again for your patience Nancy ----- Original Message ----- From: Katherine Malm Sent: Tuesday, August 13, 2002 7:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Hi Mike, WTW didn't have the smoothest base, but it was a 12 week base = nonetheless. That's not unusual given the gyrations of the market as it's been = groping for this latest bottom. So that you can see my personal take on it, = I've annotated the chart at: http://WallStreet-LLC.com/canslim/WTW081302.jpg Gene noted that WTW is also featured in IBD's weblink today. They = have also annotated a chart, so you can see their interpretation at: http://www.investors.com/weblink/ Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 13, 2002 8:50 AM Subject: Re: [CANSLIM] Which One Is Better - Updated Katherine, Can you expound on the statement that WTW broke out? In looking at = the chart, I can sorta see a v shaped cwh, but in the handle, the volume = did NOT dry up.....what would you say the pivot point was? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: = [CANSLIM] Which One Is Better - Updated ission.com 08/12/2002 08:02 PM Please respond to canslim You know, I have a simple solution for this kind of dilemma....don't = use the numbers. I know it's tempting to use a number like this, as it seems to "tell = you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as = "mildly useful." Here's an example. I'll select a couple of stocks that have come up = for discussion here in the last few months: WTW and TOL. Scores? WTW =3D 96 TOL =3D 95 Yet, look at the charts. WTW broke out today, TOL is rolling over = and playing dead. Doesn't sound like a score of 95/96 "tells" me = everything I need to know about the stocks. Katherine ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 7:41 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Arghhh! Same definition Same data base Same company different numbers! ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 6:58 PM Subject: Re: [CANSLIM] Which One Is Better - Updated Either way, it appears that the IBD data paints a prettier picture = of the stocks. -Bill ----- Original Message ----- From: "Gene Ricci" To: Sent: Monday, August 12, 2002 4:50 PM Subject: Re: [CANSLIM] Which One Is Better - Updated I just had today's update figures for DGO sent to me. The 3 columns are 8/9 DGO data 8/12 IBD readings 30 minutes ago 8/12 DGO just received today's download Hi Katherine, I hadn't checked today and after reading your note, I 'thought' I was in error. However, I just went and checked several stocks: 8/9 8/12 8/12 DGO IBD DGO AAON 85 86 83 AIR 38 55 32 ABCB 89 90 90 ABM 77 85 75 ABN 58 67 58 ACE 69 86 71 ACMR 92 95 92 AES 24 30 25 AFCE 72 79 74 AFL 92 95 91 The first ten (10) I checked showed different numbers. My question still stands, which one is better? Gene ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 5:47 PM Subject: Re: [CANSLIM] Which One Is Better Hi Gene, There seems to be conflicting information on this...See DGO's reply = to my recent inquiry (7/31) about the very same thing: Hi Katherine, Thank you for your recent email to Daily Graphs Online. I apologize, but the recent additions to our services have not yet = been reflected in our Image Maps resource. We plan on making the update = soon. TO address your question, I would like to confirm that the Composite Rating you see on our service is the same SmartSelect=AE Composite Rating = that is provided by the Investor's Business Daily and investors.com. Please write back if you have any questions or need assistance. Best regards, Dan Daily Graphs Online www.dailygraphs.com ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 12, 2002 4:06 PM Subject: [CANSLIM] Which One Is Better Let's see, IBD provides an Overall Rating and now DGO provides a = Composite Rating. Has anyone determined which one is better? Gene The new SmartSelect=AE Composite Rating in Investor's Business Daily = and the Stock Checkup Overall Rating found on investors.com are based on different formulas. The SmartSelect=AE Composite Rating combines all 5 SmartSelect = Ratings into one easy-to-use rating. More weight is placed on EPS and RS Rating, and the stock's percent off its 52-week high is also = included in the formula. Results are then compared to all other companies, and = each company is assigned a rating from 1-99 with 99 being the best. This rating is designed to help you get a quick feel for how a company's SmartSelect=AE Ratings compare to all other stocks in our database. = This is intended to be an additional tool to help you find the stocks = with the highest SmartSelect=AE Ratings, quickly and easily. The Overall Rating in the Stock Checkup is determined by a = proprietary formula incorporating all five of the Stock Checkup ratings. These = are the Technical Rating, Fundamental Rating, Attractiveness Rating, = Group's Technical Rating and Group's Fundamental Rating. The Stock Checkup = uses over 30 different variables including all the SmartSelect=AE Ratings = to calculate the Overall Rating. When using the Stock Checkup, focus = not only on the Overall Rating but all 6 of the Checkup Ratings. Also = study how the stock compares to its group within the individual Checkup Ratings. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0129_01C24541.4B343A60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy,
 
I have to admit I'm = clueless as to what=20 you're asking me in regard to a "response on WTW" as I have seen=20 none.
 
Your question earlier today = was in=20 response to Mike Niemotka's posting about stop losses and I detailed = several=20 points with respect to your comments.
 
But to your questions here, = yes, yes,=20 yes, you are correct!!....when the stock essentially moves sideways, = *that's* a=20 base. And yes! after it breaks out  it  will move up ("rise",=20 "ascend") for a while before it forms another base.
 
See  my handwritten = notes on bases=20 and rising stocks at: http://= WallStreet-LLC.com/canslim/HealthyRisingStock.JPG=20 and
http://WallSt= reet-LLC.com/canslim/TypesOfBases.JPG
 
 
Katherine
 
----- Original Message -----
From:=20 NANCY = POLCARO=20
To: canslim
Sent: Friday, August 16, 2002 = 3:35=20 PM
Subject: Re: [CANSLIM] Re: WTW = (was:=20 Which One Is Better - Updated)

Katherine-I have several questions to ask you about your post if = you do=20 not mind. I am confused. 1st-I was not disputing your answer to Mike-I = was=20 asking , in the situation I was presenting to you (from info I thought = I got=20 from you post ) could my response be right or am I totally lost = in bases=20 and sells?  Tell me if I am because I was thinking I was getting = some=20 understanding but your email sounded like I am not.  Second Part = of my=20 info was taken from the link you put a chart in when you posted this=20 email.  I went back and reviewed it and now realize I was looking = at the=20 RS line in the 12 week base you pointed out ande not the chart = pattern. =20 Figures huh! Do I understand it to be right that a base is when = the stock=20 is going sideways and when it starts its 25 or so climb it is not a = base again=20 until it starts going sideways again.  Thanks again for your = patience=20 Nancy
 
----- Original Message -----
From:=20 Katherine Malm
Sent: Tuesday, August 13, = 2002 7:33=20 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] Re: WTW = (was: Which=20 One Is Better - Updated)
 
Hi Mike,

WTW didn't have the smoothest base, = but it=20 was a 12 week base nonetheless.
That's not unusual given the = gyrations of=20 the market as it's been groping
for this latest bottom. So that = you can=20 see my personal take on it, I've
annotated the chart=20 = at:

http://WallStreet-LLC.com/canslim/WTW081302.jpg


Gen= e=20 noted that WTW is also featured in IBD's weblink today. They have=20 also
annotated a chart, so you can see their interpretation=20 = at:

http://www.investors.com/weblink/

Katherine

----= -=20 Original Message -----
From: = <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 = 8:50=20 AM
Subject: Re: [CANSLIM] Which One Is Better -=20 Updated



Katherine,

Can you expound on the = statement=20 that WTW broke out?  In looking at the
chart, I can sorta = see a v=20 shaped cwh, but in the handle, the volume did
NOT dry up.....what = would=20 you say the pivot point was?

Thanks

Mike Niemotka , = PE
Sr.=20 Principal Engineer
Baxter Healthcare Corporation
Route 120 = &=20 Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax = (847)=20 = 270-4525
michael_niemotka@baxter.com



   =             &= nbsp;   =20 "Katherine=20 = Malm"
          &nbs= p;        =20 = <kmalm@earthlink.net>       &nbs= p;=20 =             &= nbsp;=20 Sent=20 = by:           &nbs= p;         =20 = cc:
           =         =20 owner-canslim@lists.xm       =20 Subject:     Re: [CANSLIM]
Which One Is = Better -=20 = Updated
          &n= bsp;        =20 = ission.com


        &nb= sp;          =20 08/12/2002 08:02=20 = PM
           &= nbsp;       =20 Please respond=20 = to
           &= nbsp;       =20 canslim






You know, I have a simple = solution for=20 this kind of dilemma....don't use
the numbers.

I know it's = tempting to use a number like this, as it seems to "tell = you
everything"=20 about the stock. But I think once you summarize summary
numbers, = you're=20 asking for trouble. I rank the composite score as=20 "mildly
useful."

Here's an example. I'll select a couple = of stocks=20 that have come up for
discussion here in the last few months: WTW = and=20 TOL.

Scores?
WTW =3D 96
TOL =3D 95

Yet, look at = the charts.=20 WTW broke out today, TOL is rolling over and
playing dead. = Doesn't sound=20 like a score of 95/96 "tells" me everything I
need to know about = the=20 stocks.

Katherine
----- Original Message -----
From: = Gene=20 Ricci
To: canslim@lists.xmission.com
Sent: Monday, August 12, = 2002=20 7:41 PM
Subject: Re: [CANSLIM] Which One Is Better -=20 Updated

Arghhh!
Same definition
Same data base
Same=20 company
different numbers!
----- Original Message = -----
From: Bill=20 Triffet
To: canslim@lists.xmission.com
Sent: Monday, August = 12, 2002=20 6:58 PM
Subject: Re: [CANSLIM] Which One Is Better -=20 Updated

Either way, it appears that the IBD data paints a = prettier=20 picture of the
stocks.

-Bill

----- Original Message = -----
From: "Gene Ricci" <genr@swbell.net>
To:=20 <canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 = 4:50=20 PM
Subject: Re: [CANSLIM] Which One Is Better - = Updated


I just=20 had today's update figures for DGO sent to me.
The 3 columns are = 8/9 DGO=20 data
8/12 IBD readings 30 minutes ago
8/12 DGO just received = today's=20 download


Hi Katherine, I hadn't checked today and after = reading=20 your note, I
'thought' I was in error.

However, I just = went and=20 checked several=20 = stocks:
          &n= bsp;    =20 8/9  8/12 =20 = 8/12
           = ;     =20 DGO  IBD  DGO
AAON    =20 85     86     =20 83
AIR         =20 38     55     =20 32
ABCB       = 89    =20 90    =20 90
ABM        =20 77    85     =20 75
ABN        =20 58    67      =20 58
ACE        =20 69    86       =20 71
ACMR     92    =20 95      =20 92
AES        =20 24     30      =20 25
AFCE      72    =20 79      =20 74
AFL        =20 92     95      =20 91


The first ten (10) I checked showed different=20 numbers.

My question still stands, which one is=20 better?

Gene



----- Original Message = -----
From:=20 Katherine Malm
To: canslim@lists.xmission.com
Sent: Monday, = August 12,=20 2002 5:47 PM
Subject: Re: [CANSLIM] Which One Is = Better


Hi=20 Gene,

There seems to be conflicting information on this...See = DGO's=20 reply to my
recent inquiry (7/31) about the very same=20 thing:




Hi Katherine,

Thank you for your = recent=20 email to Daily Graphs Online.

I apologize, but the recent = additions=20 to our services have not yet been
reflected in our Image Maps=20 resource.  We plan on making the update soon.
TO address = your=20 question, I would like to confirm that the = Composite
Rating
you see on=20 our service is the same SmartSelect=AE Composite Rating that = is
provided by=20 the Investor's Business Daily and investors.com.

Please write = back if=20 you have any questions or need assistance.

Best=20 regards,
Dan
Daily Graphs = Online
www.dailygraphs.com

-----=20 Original Message -----
From: Gene Ricci
To:=20 canslim@lists.xmission.com
Sent: Monday, August 12, 2002 4:06=20 PM
Subject: [CANSLIM] Which One Is Better


Let's see, = IBD=20 provides an Overall Rating and now DGO provides a = Composite
Rating. Has=20 anyone determined which one is better?

Gene

The new=20 SmartSelect=AE Composite Rating in Investor's Business Daily = and
the Stock=20 Checkup Overall Rating found on investors.com are based = on
different=20 formulas.

The SmartSelect=AE Composite Rating combines all 5=20 SmartSelect Ratings
into one easy-to-use rating.  More = weight is=20 placed on EPS and RS
Rating, and the stock's percent off its = 52-week high=20 is also included in
the formula.  Results are then compared = to all=20 other companies, and each
company is assigned a rating from 1-99 = with 99=20 being the best.  This
rating is designed to help you get a = quick=20 feel for how a company's
SmartSelect=AE Ratings compare to all = other stocks=20 in our database.  This
is intended to be an additional tool = to help=20 you find the stocks with
the highest SmartSelect=AE Ratings, = quickly and=20 easily.

The Overall Rating in the Stock Checkup is determined = by a=20 proprietary
formula incorporating all five of the Stock Checkup = ratings.=20 These are
the Technical Rating, Fundamental Rating, = Attractiveness=20 Rating, Group's
Technical Rating and Group's Fundamental = Rating. =20 The Stock Checkup uses
over 30 different variables including all = the=20 SmartSelect=AE Ratings to
calculate the Overall Rating.  = When using=20 the Stock Checkup, focus not
only on the Overall Rating but all 6 = of the=20 Checkup Ratings.  Also study
how the stock compares to its = group=20 within the individual Checkup
Ratings.



-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email body,=20 write "subscribe canslim" or
-"unsubscribe canslim".  Do not = use=20 quotes in your email.


-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.





-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0129_01C24541.4B343A60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 16:31:14 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0132_01C24542.56B7A830 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Nancy, Let me be more general in this response. Don't worry about counting = bases when making sell decisions. Sell rules are primarily based on = price/volume action, not which base the stock is in. Base counting is of = only minor significance in the grand scheme of things and is most useful = in deciding whether or not to buy a breakout from a 3rd or 4th stage = base. All in all, I'd place it just about last in "things to consider = when buying." Sell rules are relatively complex. The first and foremost is, never let = a stock drop more than 8% below your buy price. Beyond that, rules are = relatively numerous and often open to interpretation. More than = anything, if it's a strong Bull market and you've managed to hold = through a series of bases, then your final decision to exit will depend = on your overall goals and your interpretation of the chart. Katherine ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, August 16, 2002 4:10 PM Subject: Re: [CANSLIM] stop losses and profits Katherine-here are my other questions-1) a new stage base is one of = the bases(side movement ) between the 1 or 4 healthy rises( uptrends) in = a stock, while starting to count bases over again is done when a stock = breaks down and dips below the low point of the previous base. 2)If a = stock breaks down after the 3rd or 4th rise and must undercut the = previous low to restart base count would someone like me a)let it drop = to your buy point b)let it drop 8% below c)let it drop to undercut the = low of the previous base d) don't buy in on the 3rd or 4th base or rise = because it may fail. 3) The difference in your response seems to be = the lenght of time it took the stock to rise. My thinking is that a = stock that shoots up quickly will have profit taking and if it is = healthy will turn up again( kind of like the handle in CWH) while a = stock that takes 6 weeks to rise should be stronger by then and if it = falls it probably never was a strong stock.( leaving out horrible days = in the market when all falls.) Please excuse my ignorance but the only = way I know if I am progressing is to see how much I am missing. Thanks = again-I know you are a busy person Nancy ----- Original Message ----- From: Katherine Malm Sent: Friday, August 16, 2002 12:32 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] stop losses and profits Hi Nancy, Let me try and clear up some of your confusion: 1. A stock's "rise" does not occur *in* a base, but *between* bases. = While the price will fluctuate up and down within the base itself, the = amount of fluctuation will vary depending on the severity of correction and = the time it takes to form the area of consolidation. The stock is essentially *absorbing* the gains of its previous advance. 2. When you purchase a stock, you will always purchase it as it = *breaks out* of that base. This preferred buy point is referred to as the "pivot" = and is again defined by the pattern that the base forms. 4. When a stock begins a healthy rising pattern after it breaks out, = it can rise *any* amount before it consolidates (bases) again. There is no = hard and fast rule as to how much it will rise before basing, though WON = suggests that if it is >=3D25%, the next base would then be considered a "new = stage base." This is only important in that his studies show that most = stocks can't muster the oomph to keep going after they've reached the 3rd = or 4th stage base. 3. Mike's question about a sell rule is not dependent on *which* = base in the base count we are evaluating. A base is a base. If the stock breaks = out as it should and begins to rise, how are you going to handle selling it = when/if the time comes? 4. WON suggests that, if you buy correctly at the pivot (or no more = than 5% above it), that you should never have to suffer a loss of more than = 8%. This is because, in his studies, he has found that a healthy stock never = falls more than 8% below the pivot before continuing a healthy advance. 5. Mike's question, specifically, was "if a stock breaks out of a = base, then rises 10-15%, then falls back, where do you place your sell stop? 8% = below your buy price or something other than that?" In other words, should = you be willing to accept *any* loss if a stock has managed to rise 10-15% = in 6 wks, then falls back to where you bought it. My vote is, if it takes 6 = wks to rise and then erases the entire advance, I don't want to take an 8% = loss. If it rose 10-15% in *one* week and then fell back on low volume, I'd = look at that as "normal" and might consider it a second chance to *buy* = more. Katherine ----- Original Message ----- From: "NANCY POLCARO" To: Sent: Friday, August 16, 2002 1:47 PM Subject: Re: [CANSLIM] stop losses and profits | Katherine-let me see if I am following correctly please. My = question is | that previously I understood that after the third rise in a base = formation a | stock may correct by dropping below the previous base and then = starting up | again if all is well with the stock. Then the bases start to be = recounted | again. In this case, if you just bought in during the third rise = in the | base, which from my understanding would probably go up between = 15%(Mikes | figure) and 25%( the amount of each rise in a base of a healthy = stock) you | would sell(not you personally but someone with my amount of = experience or | the like) before the 8% drop, to protect your gain. Then follow = the stock | and watch for a buy in again at some point depending on how the = stock acts | from this point on? Is that close to correct ??? Thanks for your thoughts | Nancy | | | >From: "Katherine Malm" | >Reply-To: canslim@lists.xmission.com | >To: | >Subject: Re: [CANSLIM] stop losses and profits | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | > | >HI Mike, | > | >I think you'll get a hundred different answers on this one, so = I'll just | >answer from my personal point of view. | > | >If a stock breaks out of a well-formed base on volume, then takes = 6 weeks | >to | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss = at that | >point, even if it were falling back "normally" as you suggest. To = me that | >means that no sell signals were triggered on the way up, and that = the | >general pattern included up days on higher volume than down days, = support | >at | >the 50 day moving average, etc. My personal preference, however, = would be | >to | >move my stop to breakeven or slightly below (3-4% max, depending = on market | >conditions) if the stock had risen like this. | > | >Katherine | > | > | >----- Original Message ----- | >From: | >To: | >Sent: Friday, August 16, 2002 9:17 AM | >Subject: [CANSLIM] stop losses and profits | > | > | >| Group, | >| | >| In reading WON, he makes a statement that you should never let = a stock in | >| which you are up 10-15% turn into a loss, but I was wondering = you have | >| interpreted that along with the sell at no more than an 8% loss = rule. | >| | >| Say you buy a stock, at a breakout, and it rises 10-15% over a = few (6+ | >| weeks), and then is started to correct....Do you sell at you = break even | >| point, or do you allow it to go to your 8% loss point before = selling? | >This | >| is assuming that the stock is NOT giving any strong sell = signals, but | >| appears to be pulling back "normally". | >| | >| Thanks | >| | >| Mike Niemotka , PE | >| Sr. Principal Engineer | >| Baxter Healthcare Corporation | >| Route 120 & Wilson Road | >| Round Lake, IL 60073 | >| Tel (847) 270-4075 | >| Fax (847) 270-4525 | >| michael_niemotka@baxter.com | >| | >| | >| | >| - | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | >| -In the email body, write "subscribe canslim" or | >| -"unsubscribe canslim". Do not use quotes in your email. | > | > | >- | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | >-In the email body, write "subscribe canslim" or | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | _________________________________________________________________ | Send and receive Hotmail on your mobile device: = http://mobile.msn.com | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0132_01C24542.56B7A830 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Nancy,
 
Let me be more general in = this=20 response. Don't worry about counting bases when making sell decisions. = Sell=20 rules are primarily based on price/volume action, not which base the = stock is=20 in. Base counting is of only minor significance in the grand scheme of = things=20 and is most useful in deciding whether or not to buy a breakout from a = 3rd or=20 4th stage base. All in all, I'd place it just about last in  = "things to=20 consider when buying."
 
Sell rules are relatively = complex. The=20 first and foremost is, never let a stock drop more than 8% below your = buy price.=20 Beyond that, rules are relatively numerous and often open to = interpretation.=20 More than anything, if it's a strong Bull market and you've managed to = hold=20 through a series of bases, then your final decision to exit will depend = on your=20 overall goals and your interpretation of the chart.
 
Katherine
----- Original Message -----
From:=20 NANCY = POLCARO=20
To: canslim
Sent: Friday, August 16, 2002 = 4:10=20 PM
Subject: Re: [CANSLIM] stop = losses and=20 profits

Katherine-here are my other questions-1) a new stage base is = one of=20 the bases(side movement ) between the 1 or 4 healthy rises( = uptrends) in=20 a stock, while starting to count bases over again is done when a stock = breaks=20 down and dips below the low point of the previous base.  2)If a = stock=20 breaks down after the 3rd or 4th rise and must undercut the = previous low=20 to restart base count would someone like me a)let it drop to your buy = point=20 b)let it drop 8% below c)let it drop to undercut the low of the = previous=20 base d) don't buy in on the 3rd or 4th base or rise because it may=20 fail.    3) The difference in your response seems to be = the=20 lenght of time it took the stock to rise.  My thinking is that a = stock=20 that shoots up quickly will have profit taking  and if it is = healthy will=20 turn up again( kind of like the handle in CWH)  while a stock = that takes=20 6 weeks to rise should be stronger by then and if it falls it probably = never=20 was a strong stock.( leaving out horrible days in the market when all = falls.)=20 Please excuse my ignorance but the only way I know if I am progressing = is to=20 see how much I am missing.  Thanks again-I know you are a busy=20 person  Nancy
 
----- Original Message -----
From:=20 Katherine Malm
Sent: Friday, August 16, 2002 = 12:32=20 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] stop = losses and=20 profits
 
Hi Nancy,

Let me try and clear up some of = your=20 confusion:

1. A stock's "rise" does not occur *in* a base, = but=20 *between* bases. While
the price will fluctuate up and down = within the=20 base itself, the amount of
fluctuation will vary depending on the = severity of correction and the time
it takes to form the area of=20 consolidation. The stock is essentially
*absorbing* the gains of = its=20 previous advance.

2. When you purchase a stock, you will = always=20 purchase it as it *breaks out*
of that base. This preferred buy = point is=20 referred to as the "pivot" and is
again defined by the pattern = that the=20 base forms.

4. When a stock begins a healthy rising pattern = after it=20 breaks out, it can
rise *any* amount before it consolidates = (bases)=20 again. There is no hard and
fast rule as to how much it will rise = before=20 basing, though WON suggests
that if it is >=3D25%, the next = base would=20 then be considered a "new stage
base." This is only important in = that his=20 studies show that most stocks
can't muster the oomph to keep = going after=20 they've reached the 3rd or 4th
stage base.

3. Mike's = question=20 about a sell rule is not dependent on *which* base in the
base = count we=20 are evaluating. A base is a base. If the stock breaks out as
it = should=20 and begins to rise, how are you going to handle selling it = when/if
the=20 time comes?

4. WON suggests that, if you buy correctly at the = pivot=20 (or no more than 5%
above it), that you should never have to = suffer a=20 loss of more than 8%. This
is because, in his studies, he has = found that=20 a healthy stock never falls
more than 8% below the pivot before=20 continuing a healthy advance.

5. Mike's question, = specifically, was=20 "if a stock breaks out of a base, then
rises 10-15%, then falls = back,=20 where do you place your sell stop? 8% below
your buy price or = something=20 other than that?" In other words, should you be
willing to accept = *any*=20 loss if a stock has managed to rise 10-15% in 6 wks,
then falls = back to=20 where you bought it. My vote is, if it takes 6 wks to
rise and = then=20 erases the entire advance, I don't want to take an 8% loss. If
it = rose=20 10-15% in *one* week and then fell back on low volume, I'd look = at
that=20 as "normal" and might consider it a second chance to *buy*=20 more.

Katherine


----- Original Message = -----
From:=20 "NANCY POLCARO" <zillagirl@msn.com>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, August 16, 2002 = 1:47=20 PM
Subject: Re: [CANSLIM] stop losses and profits


|=20 Katherine-let me see if I am following correctly please.  My = question=20 is
| that previously I understood that after the third rise in a = base=20 formation
a
| stock may correct by dropping below the previous = base=20 and then starting up
| again if all is well with the stock.  = Then=20 the bases start to be recounted
| again.  In this case, if = you just=20 bought in during the third rise in the
| base, which from my=20 understanding would probably go up between 15%(Mikes
| figure) = and 25%(=20 the amount of each rise in a base of a healthy stock) you
| would = sell(not you personally but someone with my amount of experience = or
| the=20 like) before the 8% drop, to protect your gain.  Then follow = the=20 stock
| and watch for a buy in again at some point depending on = how the=20 stock acts
| from this point on?  Is that close to correct = ??? =20 Thanks for your
thoughts
| Nancy
|
|
| >From: = "Katherine=20 Malm" <kmalm@earthlink.net>
| >Reply-To:=20 canslim@lists.xmission.com
| >To:=20 <canslim@lists.xmission.com>
| >Subject: Re: [CANSLIM] = stop=20 losses and profits
| >Date: Fri, 16 Aug 2002 13:09:30 = -0500
|=20 >
| >HI Mike,
| >
| >I think you'll get a = hundred=20 different answers on this one, so I'll just
| >answer from my = personal=20 point of view.
| >
| >If a stock breaks out of a = well-formed=20 base on volume, then takes 6 weeks
| >to
| >rise 10 or = 15=20 percent, then I sure wouldn't want to risk 8% loss at that
| = >point,=20 even if it were falling back "normally" as you suggest. To me = that
|=20 >means that no sell signals were triggered on the way up, and = that=20 the
| >general pattern included up days on higher volume than = down=20 days, support
| >at
| >the 50 day moving average, etc. = My=20 personal preference, however, would be
| >to
| >move my = stop to=20 breakeven or slightly below (3-4% max, depending on
market
|=20 >conditions) if the stock had risen like this.
| >
|=20 >Katherine
| >
| >
| >----- Original Message = -----
|=20 >From: <michael_niemotka@baxter.com>
| >To:=20 <canslim@lists.xmission.com>
| >Sent: Friday, August 16, = 2002=20 9:17 AM
| >Subject: [CANSLIM] stop losses and profits
| = >
|=20 >
| >| Group,
| >|
| >| In reading WON, he = makes a=20 statement that you should never let a stock
in
| >| which = you are=20 up 10-15% turn into a loss, but I was wondering you have
| >|=20 interpreted that along with the sell at no more than an 8% loss = rule.
|=20 >|
| >| Say you buy a stock, at a breakout, and it rises = 10-15%=20 over a few (6+
| >| weeks), and then is started to = correct....Do you=20 sell at you break even
| >| point, or do you allow it to go to = your 8%=20 loss point before selling?
| >This
| >| is assuming that = the=20 stock is NOT giving any strong sell signals, but
| >| appears = to be=20 pulling back "normally".
| >|
| >| Thanks
| = >|
| >|=20 Mike Niemotka , PE
| >| Sr. Principal Engineer
| >| = Baxter=20 Healthcare Corporation
| >| Route 120 & Wilson Road
| = >|=20 Round Lake, IL 60073
| >| Tel (847) 270-4075
| >| Fax = (847)=20 270-4525
| >| michael_niemotka@baxter.com
| >|
| = >|
|=20 >|
| >| -
| >| -To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
| >| -In the email body, write = "subscribe=20 canslim" or
| >| -"unsubscribe canslim".  Do not use = quotes in=20 your email.
| >
| >
| >-
| >-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| >-In = the email=20 body, write "subscribe canslim" or
| >-"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
|
|
|=20 = _________________________________________________________________
| = Send=20 and receive Hotmail on your mobile device:=20 http://mobile.msn.com
|
|
| -
| -To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
| -In the email body, write "subscribe = canslim"=20 or
| -"unsubscribe canslim".  Do not use quotes in your=20 email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0132_01C24542.56B7A830-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: Handles, A list of Characteristics (was: CVH handle) Date: 16 Aug 2002 16:53:54 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0144_01C24545.812041B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Norm, Yes, I did make note of the minimum 1 wk handle length in my handwritten = notes. I may as well post this summary that I made of handles from my = own notes to go with it: HANDLES General Requirements: 1. Handles most often begin to form lower than the left side of the = base, generally when the stock has climbed within 5-15% of the high. 2. The midpoint of a good handle should be higher than the midpoint of = the base. 3. The handle should form in the upper half of the base. 4. The handle should form above the 200 day MA, but trade may often lull = below the 50 day MA. 5. The handle should drift sideways or lower. Upward "wedging" handles = are failure prone because the upwardly drifting price doesn't shake out = the weak holders, leaving the stock vulnerable to a correction. Wedging = handles also make pivots harder to spot. WON considers this the most = important aspect of a handle formation. 6. The handle should drift lower on light volume. This shows existing = holders are content to remain invested. 7. Within the handle, volatility should contract. The distance between = price highs and lows (intraday and day to day) should narrow. Avoid = zigzagging or wide and loose handles. Choppy handles carry more = uncertainty. 8. In normal markets, proper handles correct 10-20%. In Bear markets, = they can correct as much as 30%. A handle that drifts <10% is fine as = long as it is drifting downward and meets other requirements. 9. The handle must be at least one week in length but can stretch as = much as 7-10 weeks. It should be smaller in proportion to the size of = the cup. Special Considerations: 1. "High handles" can begin to form at prices higher than the left side = of the base. This is neither ideal nor common, but can still be = successful as long as the other handle requirements are met. 2. Be sure to look at both daily and weekly charts, as stocks with = lengthy bases will have long handles. The lengthy handle may appear as a = base if looking at a daily chart. Long bases signal strong support and = are very strong patterns. (The longer the base, the stronger the = subsequent move.) Based on a study done by the IBD in 96-97, small and = mid cap stocks had 33 week bases on average. Large caps had 66 week = bases on average. 3. A stock can form a handle, near its pivot point and then begin = forming another handle. In this case, consider this to be one long = handle. 4. "No-handle" bases are more error prone, but tend to work at the start = of a fresh rally, especially if the rally is strong. Look for volume to = dry up as the stock comes within 5-10% of its old peak. Stocks breaking = out of bases without a handle are most likely industry leaders; lead the = market in relative price performance, sales and earnings growth; and = have high institutional sponsorship. 5. Double bottom bases can form a handle, though normally they do not do = so.=20 [Note: These notes are compiled from many years worth of Investors' = Corners, HTMMIS, the IBD web site and other misc. sources.] --Katherine ----- Original Message -----=20 Sent: Friday, August 16, 2002 3:05 PM | If memory serves me correctly, 1 week is long enuf. I think maybe I = saw | this also on Katherine's hand-sketched charts?? If not, nevermind:-) |=20 | Norm |=20 |=20 | Hermann Ertl writes: |=20 | > > From: "Tom Worley" | > > Date: Thu, 15 Aug 2002 00:57:00 -0400 | > > | > > pattern is too short (one week) to start calling this a handle. | >=20 | >=20 | >=20 | >=20 | > What is the minimum length of a handle? | >=20 | >=20 | >=20 | >=20 | >=20 | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | >=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0144_01C24545.812041B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Norm,
 
Yes, I did make note of the minimum 1 wk handle length in my = handwritten=20 notes. I may as well post this summary that I made of handles from my = own notes=20 to go with it:
 
HANDLES
General Requirements:
1. Handles most often begin to form lower than the left side of the = base,=20 generally when the stock has climbed within 5-15% of the high.
2. The midpoint of a good handle should be higher than the midpoint = of the=20 base.
3. The handle should form in the upper half of the base.
4. The handle should form above the 200 day MA, but trade may often = lull=20 below the 50 day MA.
5. The handle should drift sideways or lower. Upward "wedging" = handles are=20 failure prone because the upwardly drifting price doesn't shake out the = weak=20 holders, leaving the stock vulnerable to a correction. Wedging handles = also make=20 pivots harder to spot. WON considers this the most important aspect = of a=20 handle formation.
6. The handle should drift lower on light volume. This shows = existing=20 holders are content to remain invested.
7. Within the handle, volatility should contract. The distance = between=20 price highs and lows (intraday and day to day) should narrow. Avoid = zigzagging=20 or wide and loose handles. Choppy handles carry more uncertainty.
8. In normal markets, proper handles correct 10-20%. In Bear = markets, they=20 can correct as much as 30%. A handle that drifts <10% is fine as long = as it=20 is drifting downward and meets other requirements.
9. The handle must be at least one week in length but can stretch = as much=20 as 7-10 weeks. It should be smaller in proportion to the size of the = cup.
 
Special Considerations:
1. "High handles" can begin to form at prices higher than the left = side of=20 the base. This is neither ideal nor common, but can still be successful = as long=20 as the other handle requirements are met.
2. Be sure to look at both daily and weekly charts, as stocks with = lengthy=20 bases will have long handles. The lengthy handle may appear as a base if = looking=20 at a daily chart. Long bases signal strong support and are very strong = patterns.=20 (The longer the base, the stronger the subsequent move.) Based on a = study done=20 by the IBD in 96-97, small and mid cap stocks had 33 week bases on = average.=20 Large caps had 66 week bases on average.
3. A stock can form a handle, near its pivot point and then begin = forming=20 another handle. In this case, consider this to be one long = handle.
4. "No-handle" bases are more error prone, but tend to work at the = start of=20 a fresh rally, especially if the rally is strong. Look for volume to dry = up as=20 the stock comes within 5-10% of its old peak. Stocks breaking out of = bases=20 without a handle are most likely industry leaders; lead the market in = relative=20 price performance, sales and earnings growth; and have high = institutional=20 sponsorship.
5. Double bottom bases can form a handle, though normally they do = not do=20 so.
 
[Note: These notes are compiled from many years worth of Investors' = Corners, HTMMIS, the IBD web site and other misc. sources.]
 
--Katherine
----- Original Message -----=20
From: "Boyd" <theboyd@tisd.net>
To: <canslim@lists.xmission.com= >
Sent: Friday, August 16, 2002 3:05 PM
Subject: Re: [CANSLIM] CVH handle

| If memory serves me correctly, 1 week is long = enuf.  I=20 think maybe I saw
| this also on Katherine's hand-sketched = charts??  If=20 not, nevermind:-)
|
| Norm
|
|
| Hermann Ertl = writes:
|=20
| > > From: "Tom Worley" <stkguru@bellsouth.net>
| = > >=20 pattern is=20 too short (one week) to start calling this a handle.
| >
| = >
|=20 >
| >
| > What is the minimum length of a handle?
| = >=20
| >
| >
| >
| >
| > -
| > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = > -In=20 the email body, write "subscribe canslim" or
| > -"unsubscribe=20 canslim".  Do not use quotes in your email.
| >
|
| = -
|=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_0144_01C24545.812041B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 16:55:25 -0500 Hi Mike, 8% standard stop loss, though I don't see this happen too often when the market is healthy. Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 2:54 PM | | Katherine, | | I knew I could count on you for a good answer. As a follow up to your | answer #4, if you made 10-15% in one week, how low would you allow the | stock to drop on low volume and still buy more, as opposed to selling out? | | Put another way, if it ran up 15% in a week, would you allow it to go below | your original buy point, even if it was at low volume? | | | Have a great weekend everyone! | | Mike | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits | ission.com | | | 08/16/2002 02:31 PM | Please respond to | canslim | | | | | | | Hi Nancy, | | Let me try and clear up some of your confusion: | | 1. A stock's "rise" does not occur *in* a base, but *between* bases. While | the price will fluctuate up and down within the base itself, the amount of | fluctuation will vary depending on the severity of correction and the time | it takes to form the area of consolidation. The stock is essentially | *absorbing* the gains of its previous advance. | | 2. When you purchase a stock, you will always purchase it as it *breaks | out* | of that base. This preferred buy point is referred to as the "pivot" and is | again defined by the pattern that the base forms. | | 4. When a stock begins a healthy rising pattern after it breaks out, it can | rise *any* amount before it consolidates (bases) again. There is no hard | and | fast rule as to how much it will rise before basing, though WON suggests | that if it is >=25%, the next base would then be considered a "new stage | base." This is only important in that his studies show that most stocks | can't muster the oomph to keep going after they've reached the 3rd or 4th | stage base. | | 3. Mike's question about a sell rule is not dependent on *which* base in | the | base count we are evaluating. A base is a base. If the stock breaks out as | it should and begins to rise, how are you going to handle selling it | when/if | the time comes? | | 4. WON suggests that, if you buy correctly at the pivot (or no more than 5% | above it), that you should never have to suffer a loss of more than 8%. | This | is because, in his studies, he has found that a healthy stock never falls | more than 8% below the pivot before continuing a healthy advance. | | 5. Mike's question, specifically, was "if a stock breaks out of a base, | then | rises 10-15%, then falls back, where do you place your sell stop? 8% below | your buy price or something other than that?" In other words, should you be | willing to accept *any* loss if a stock has managed to rise 10-15% in 6 | wks, | then falls back to where you bought it. My vote is, if it takes 6 wks to | rise and then erases the entire advance, I don't want to take an 8% loss. | If | it rose 10-15% in *one* week and then fell back on low volume, I'd look at | that as "normal" and might consider it a second chance to *buy* more. | | Katherine | | | ----- Original Message ----- | From: "NANCY POLCARO" | To: | Sent: Friday, August 16, 2002 1:47 PM | Subject: Re: [CANSLIM] stop losses and profits | | | | Katherine-let me see if I am following correctly please. My question is | | that previously I understood that after the third rise in a base | formation | a | | stock may correct by dropping below the previous base and then starting | up | | again if all is well with the stock. Then the bases start to be | recounted | | again. In this case, if you just bought in during the third rise in the | | base, which from my understanding would probably go up between 15%(Mikes | | figure) and 25%( the amount of each rise in a base of a healthy stock) | you | | would sell(not you personally but someone with my amount of experience or | | the like) before the 8% drop, to protect your gain. Then follow the | stock | | and watch for a buy in again at some point depending on how the stock | acts | | from this point on? Is that close to correct ??? Thanks for your | thoughts | | Nancy | | | | | | >From: "Katherine Malm" | | >Reply-To: canslim@lists.xmission.com | | >To: | | >Subject: Re: [CANSLIM] stop losses and profits | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | > | | >HI Mike, | | > | | >I think you'll get a hundred different answers on this one, so I'll just | | >answer from my personal point of view. | | > | | >If a stock breaks out of a well-formed base on volume, then takes 6 | weeks | | >to | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at that | | >point, even if it were falling back "normally" as you suggest. To me | that | | >means that no sell signals were triggered on the way up, and that the | | >general pattern included up days on higher volume than down days, | support | | >at | | >the 50 day moving average, etc. My personal preference, however, would | be | | >to | | >move my stop to breakeven or slightly below (3-4% max, depending on | market | | >conditions) if the stock had risen like this. | | > | | >Katherine | | > | | > | | >----- Original Message ----- | | >From: | | >To: | | >Sent: Friday, August 16, 2002 9:17 AM | | >Subject: [CANSLIM] stop losses and profits | | > | | > | | >| Group, | | >| | | >| In reading WON, he makes a statement that you should never let a stock | in | | >| which you are up 10-15% turn into a loss, but I was wondering you have | | >| interpreted that along with the sell at no more than an 8% loss rule. | | >| | | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ | | >| weeks), and then is started to correct....Do you sell at you break | even | | >| point, or do you allow it to go to your 8% loss point before selling? | | >This | | >| is assuming that the stock is NOT giving any strong sell signals, but | | >| appears to be pulling back "normally". | | >| | | >| Thanks | | >| | | >| Mike Niemotka , PE | | >| Sr. Principal Engineer | | >| Baxter Healthcare Corporation | | >| Route 120 & Wilson Road | | >| Round Lake, IL 60073 | | >| Tel (847) 270-4075 | | >| Fax (847) 270-4525 | | >| michael_niemotka@baxter.com | | >| | | >| | | >| | | >| - | | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | | >| -In the email body, write "subscribe canslim" or | | >| -"unsubscribe canslim". Do not use quotes in your email. | | > | | > | | >- | | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | | >-In the email body, write "subscribe canslim" or | | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | _________________________________________________________________ | | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 17:01:02 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0157_01C24546.8053D480 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Oops...I realize now I misread your question. I would *hold on* up to 8% below buy price, but if the stock comes back = and *kisses* the pivot, then I would buy more. I'm not inclined to buy = more when the stock drops *below* the pivot, unless it shows strong = volume pushing it back up to the pivot and beyond. Now I think I've = confused even myself! This is the way I think of it "Kiss the pivot, second chance to buy = more---Hit the pivot, yellow flag" Katherine ----- Original Message -----=20 Sent: Friday, August 16, 2002 4:55 PM | Hi Mike, |=20 | 8% standard stop loss, though I don't see this happen too often when = the | market is healthy. |=20 | Katherine |=20 | ----- Original Message ----- | From: | To: | Sent: Friday, August 16, 2002 2:54 PM | Subject: Re: [CANSLIM] stop losses and profits |=20 |=20 | | | | Katherine, | | | | I knew I could count on you for a good answer. As a follow up to = your | | answer #4, if you made 10-15% in one week, how low would you allow = the | | stock to drop on low volume and still buy more, as opposed to = selling out? | | | | Put another way, if it ran up 15% in a week, would you allow it to = go | below | | your original buy point, even if it was at low volume? | | | | | | Have a great weekend everyone! | | | | Mike | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] stop losses and profits | | ission.com | | | | | | 08/16/2002 02:31 PM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Nancy, | | | | Let me try and clear up some of your confusion: | | | | 1. A stock's "rise" does not occur *in* a base, but *between* bases. = While | | the price will fluctuate up and down within the base itself, the = amount of | | fluctuation will vary depending on the severity of correction and = the time | | it takes to form the area of consolidation. The stock is essentially | | *absorbing* the gains of its previous advance. | | | | 2. When you purchase a stock, you will always purchase it as it = *breaks | | out* | | of that base. This preferred buy point is referred to as the "pivot" = and | is | | again defined by the pattern that the base forms. | | | | 4. When a stock begins a healthy rising pattern after it breaks out, = it | can | | rise *any* amount before it consolidates (bases) again. There is no = hard | | and | | fast rule as to how much it will rise before basing, though WON = suggests | | that if it is >=3D25%, the next base would then be considered a "new = stage | | base." This is only important in that his studies show that most = stocks | | can't muster the oomph to keep going after they've reached the 3rd = or 4th | | stage base. | | | | 3. Mike's question about a sell rule is not dependent on *which* = base in | | the | | base count we are evaluating. A base is a base. If the stock breaks = out as | | it should and begins to rise, how are you going to handle selling it | | when/if | | the time comes? | | | | 4. WON suggests that, if you buy correctly at the pivot (or no more = than | 5% | | above it), that you should never have to suffer a loss of more than = 8%. | | This | | is because, in his studies, he has found that a healthy stock never = falls | | more than 8% below the pivot before continuing a healthy advance. | | | | 5. Mike's question, specifically, was "if a stock breaks out of a = base, | | then | | rises 10-15%, then falls back, where do you place your sell stop? 8% = below | | your buy price or something other than that?" In other words, should = you | be | | willing to accept *any* loss if a stock has managed to rise 10-15% = in 6 | | wks, | | then falls back to where you bought it. My vote is, if it takes 6 = wks to | | rise and then erases the entire advance, I don't want to take an 8% = loss. | | If | | it rose 10-15% in *one* week and then fell back on low volume, I'd = look at | | that as "normal" and might consider it a second chance to *buy* = more. | | | | Katherine | | | | | | ----- Original Message ----- | | From: "NANCY POLCARO" | | To: | | Sent: Friday, August 16, 2002 1:47 PM | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | Katherine-let me see if I am following correctly please. My = question is | | | that previously I understood that after the third rise in a base | | formation | | a | | | stock may correct by dropping below the previous base and then = starting | | up | | | again if all is well with the stock. Then the bases start to be | | recounted | | | again. In this case, if you just bought in during the third rise = in the | | | base, which from my understanding would probably go up between = 15%(Mikes | | | figure) and 25%( the amount of each rise in a base of a healthy = stock) | | you | | | would sell(not you personally but someone with my amount of = experience | or | | | the like) before the 8% drop, to protect your gain. Then follow = the | | stock | | | and watch for a buy in again at some point depending on how the = stock | | acts | | | from this point on? Is that close to correct ??? Thanks for your | | thoughts | | | Nancy | | | | | | | | | >From: "Katherine Malm" | | | >Reply-To: canslim@lists.xmission.com | | | >To: | | | >Subject: Re: [CANSLIM] stop losses and profits | | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | | > | | | >HI Mike, | | | > | | | >I think you'll get a hundred different answers on this one, so = I'll | just | | | >answer from my personal point of view. | | | > | | | >If a stock breaks out of a well-formed base on volume, then takes = 6 | | weeks | | | >to | | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss = at | that | | | >point, even if it were falling back "normally" as you suggest. To = me | | that | | | >means that no sell signals were triggered on the way up, and that = the | | | >general pattern included up days on higher volume than down days, | | support | | | >at | | | >the 50 day moving average, etc. My personal preference, however, = would | | be | | | >to | | | >move my stop to breakeven or slightly below (3-4% max, depending = on | | market | | | >conditions) if the stock had risen like this. | | | > | | | >Katherine | | | > | | | > | | | >----- Original Message ----- | | | >From: | | | >To: | | | >Sent: Friday, August 16, 2002 9:17 AM | | | >Subject: [CANSLIM] stop losses and profits | | | > | | | > | | | >| Group, | | | >| | | | >| In reading WON, he makes a statement that you should never let = a | stock | | in | | | >| which you are up 10-15% turn into a loss, but I was wondering = you | have | | | >| interpreted that along with the sell at no more than an 8% loss = rule. | | | >| | | | >| Say you buy a stock, at a breakout, and it rises 10-15% over a = few | (6+ | | | >| weeks), and then is started to correct....Do you sell at you = break | | even | | | >| point, or do you allow it to go to your 8% loss point before = selling? | | | >This | | | >| is assuming that the stock is NOT giving any strong sell = signals, but | | | >| appears to be pulling back "normally". | | | >| | | | >| Thanks | | | >| | | | >| Mike Niemotka , PE | | | >| Sr. Principal Engineer | | | >| Baxter Healthcare Corporation | | | >| Route 120 & Wilson Road | | | >| Round Lake, IL 60073 | | | >| Tel (847) 270-4075 | | | >| Fax (847) 270-4525 | | | >| michael_niemotka@baxter.com | | | >| | | | >| | | | >| | | | >| - | | | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | >| -In the email body, write "subscribe canslim" or | | | >| -"unsubscribe canslim". Do not use quotes in your email. | | | > | | | > | | | >- | | | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | | | >-In the email body, write "subscribe canslim" or | | | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | _________________________________________________________________ | | | Send and receive Hotmail on your mobile device: = http://mobile.msn.com | | | | | | | | | - | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | -In the email body, write "subscribe canslim" or | | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0157_01C24546.8053D480 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Oops...I realize now I misread your question.
 
I would *hold on* up to 8% below buy price, but if the stock comes = back and=20 *kisses* the pivot, then I would buy more. I'm not inclined to buy more = when the=20 stock drops *below* the pivot, unless it shows strong volume pushing it = back up=20 to the pivot and beyond. Now I think I've confused even myself!
 
This is the way I think of it  "Kiss the pivot, = second chance=20 to buy more---Hit the pivot, yellow flag"
 
Katherine
 
----- Original Message -----=20
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com= >
Sent: Friday, August 16, 2002 4:55 PM
Subject: Re: [CANSLIM] stop losses and profits

| Hi Mike,
|
| 8% standard stop loss, though I = don't see=20 this happen too often when the
| market is healthy.
|
| = Katherine
|=20
| ----- Original Message -----
| From: <michael_niemotka@baxter.com>
|=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
|=20 Sent: Friday, August 16, 2002 2:54 PM
| Subject: Re: [CANSLIM] stop = losses=20 and profits
|
|
| |
| | Katherine,
| |
| | I knew I = could=20 count on you for a good answer.  As a follow up to your
| | = answer #4,=20 if you made 10-15% in one week, how low would you allow the
| | stock = to drop=20 on low volume and still buy more, as opposed to selling out?
| |
| = | Put=20 another way, if it ran up 15% in a week, would you allow it to go
|=20 below
| | your original buy point, even if it was at low volume?
| = |
|=20 |
| | Have a great weekend everyone!
| |
| | Mike
| |
| | = Mike=20 Niemotka , PE
| | Sr. Principal Engineer
| | Baxter Healthcare=20 Corporation
| | Route 120 & Wilson Road
| | Round Lake, IL = 60073
|=20 | Tel (847) 270-4075
| | Fax (847) 270-4525
| | michael_niemotka@baxter.com
|=20 |
| |
| |
|=20 |            =         =20 "Katherine Malm"
|=20 |            =         =20 <kmalm@earthlink.net> &nbs= p;      =20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com=
|=20 |            =         =20 Sent=20 by:           &nbs= p;         =20 cc:
|=20 |            =         =20 owner-canslim@lists.xm &n= bsp;     =20 profits
|=20 |            =         =20 ission.com
| |
| |
|=20 |            =         =20 08/16/2002 02:31 PM
|=20 |            =         =20 Please respond to
|=20 |            =         =20 canslim
| |
| |
| |
| |
| |
| |
| | Hi Nancy,
| = |
| |=20 Let me try and clear up some of your confusion:
| |
| | 1. A = stock's=20 "rise" does not occur *in* a base, but *between* bases. While
| | the = price=20 will fluctuate up and down within the base itself, the amount of
| |=20 fluctuation will vary depending on the severity of correction and the = time
|=20 | it takes to form the area of consolidation. The stock is = essentially
| |=20 *absorbing* the gains of its previous advance.
| |
| | 2. When you = purchase a stock, you will always purchase it as it *breaks
| | = out*
| |=20 of that base. This preferred buy point is referred to as the "pivot" = and
|=20 is
| | again defined by the pattern that the base forms.
| |
| = | 4.=20 When a stock begins a healthy rising pattern after it breaks out, = it
|=20 can
| | rise *any* amount before it consolidates (bases) again. There = is no=20 hard
| | and
| | fast rule as to how much it will rise before = basing,=20 though WON suggests
| | that if it is >=3D25%, the next base would = then be=20 considered a "new stage
| | base." This is only important in that his = studies=20 show that most stocks
| | can't muster the oomph to keep going after = they've=20 reached the 3rd or 4th
| | stage base.
| |
| | 3. Mike's = question about=20 a sell rule is not dependent on *which* base in
| | the
| | base = count we=20 are evaluating. A base is a base. If the stock breaks out as
| | it = should=20 and begins to rise, how are you going to handle selling it
| | = when/if
| |=20 the time comes?
| |
| | 4. WON suggests that, if you buy correctly = at the=20 pivot (or no more than
| 5%
| | above it), that you should never = have to=20 suffer a loss of more than 8%.
| | This
| | is because, in his = studies, he=20 has found that a healthy stock never falls
| | more than 8% below the = pivot=20 before continuing a healthy advance.
| |
| | 5. Mike's question,=20 specifically, was "if a stock breaks out of a base,
| | then
| | = rises=20 10-15%, then falls back, where do you place your sell stop? 8% = below
| | your=20 buy price or something other than that?" In other words, should you
| = be
|=20 | willing to accept *any* loss if a stock has managed to rise 10-15% in = 6
| |=20 wks,
| | then falls back to where you bought it. My vote is, if it = takes 6=20 wks to
| | rise and then erases the entire advance, I don't want to = take an=20 8% loss.
| | If
| | it rose 10-15% in *one* week and then fell = back on low=20 volume, I'd look at
| | that as "normal" and might consider it a = second=20 chance to *buy* more.
| |
| | Katherine
| |
| |
| | ----- = Original Message -----
| | From: "NANCY POLCARO" <zillagirl@msn.com>
| | To: = <canslim@lists.xmission.com= >
|=20 | Sent: Friday, August 16, 2002 1:47 PM
| | Subject: Re: [CANSLIM] = stop=20 losses and profits
| |
| |
| | | Katherine-let me see if I am = following=20 correctly please.  My question is
| | | that previously I = understood=20 that after the third rise in a base
| | formation
| | a
| | | = stock may=20 correct by dropping below the previous base and then starting
| | = up
| | |=20 again if all is well with the stock.  Then the bases start to = be
| |=20 recounted
| | | again.  In this case, if you just bought in = during the=20 third rise in the
| | | base, which from my understanding would = probably go=20 up between 15%(Mikes
| | | figure) and 25%( the amount of each rise = in a base=20 of a healthy stock)
| | you
| | | would sell(not you personally = but=20 someone with my amount of experience
| or
| | | the like) before = the 8%=20 drop, to protect your gain.  Then follow the
| | stock
| | | = and=20 watch for a buy in again at some point depending on how the stock
| | = acts
| | | from this point on?  Is that close to correct = ??? =20 Thanks for your
| | thoughts
| | | Nancy
| | |
| | |
| | = |=20 >From: "Katherine Malm" <kmalm@earthlink.net>
| | | = >Reply-To: canslim@lists.xmission.com=
| | |=20 >To: <canslim@lists.xmission.com= >
|=20 | | >Subject: Re: [CANSLIM] stop losses and profits
| | | = >Date: Fri,=20 16 Aug 2002 13:09:30 -0500
| | | >
| | | >HI Mike,
| | |=20 >
| | | >I think you'll get a hundred different answers on this = one, so=20 I'll
| just
| | | >answer from my personal point of view.
| = | |=20 >
| | | >If a stock breaks out of a well-formed base on volume, = then=20 takes 6
| | weeks
| | | >to
| | | >rise 10 or 15 percent, = then I=20 sure wouldn't want to risk 8% loss at
| that
| | | >point, even = if it=20 were falling back "normally" as you suggest. To me
| | that
| | |=20 >means that no sell signals were triggered on the way up, and that = the
| |=20 | >general pattern included up days on higher volume than down = days,
| |=20 support
| | | >at
| | | >the 50 day moving average, etc. My = personal=20 preference, however, would
| | be
| | | >to
| | | >move = my stop=20 to breakeven or slightly below (3-4% max, depending on
| | = market
| | |=20 >conditions) if the stock had risen like this.
| | | >
| | | = >Katherine
| | | >
| | | >
| | | >----- Original = Message=20 -----
| | | >From: <michael_niemotka@baxter.com>
|=20 | | >To: <canslim@lists.xmission.com= >
|=20 | | >Sent: Friday, August 16, 2002 9:17 AM
| | | >Subject: = [CANSLIM]=20 stop losses and profits
| | | >
| | | >
| | | >| = Group,
| |=20 | >|
| | | >| In reading WON, he makes a statement that you = should=20 never let a
| stock
| | in
| | | >| which you are up 10-15% = turn=20 into a loss, but I was wondering you
| have
| | | >| = interpreted that=20 along with the sell at no more than an 8% loss rule.
| | | >|
| = | |=20 >| Say you buy a stock, at a breakout, and it rises 10-15% over a = few
|=20 (6+
| | | >| weeks), and then is started to correct....Do you sell = at you=20 break
| | even
| | | >| point, or do you allow it to go to your = 8% loss=20 point before selling?
| | | >This
| | | >| is assuming that = the=20 stock is NOT giving any strong sell signals, but
| | | >| appears = to be=20 pulling back "normally".
| | | >|
| | | >| Thanks
| | |=20 >|
| | | >| Mike Niemotka , PE
| | | >| Sr. Principal=20 Engineer
| | | >| Baxter Healthcare Corporation
| | | >| = Route 120=20 & Wilson Road
| | | >| Round Lake, IL 60073
| | | >| Tel = (847)=20 270-4075
| | | >| Fax (847) 270-4525
| | | >| michael_niemotka@baxter.com
| |=20 | >|
| | | >|
| | | >|
| | | >| -
| | | >| = -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = | | >|=20 -In the email body, write "subscribe canslim" or
| | | >| = -"unsubscribe=20 canslim".  Do not use quotes in your email.
| | | >
| | |=20 >
| | | >-
| | | >-To subscribe/unsubscribe, email "majordomo@xmission.com"
| = | |=20 >-In the email body, write "subscribe canslim" or
| | | = >-"unsubscribe=20 canslim".  Do not use quotes in your email.
| | |
| | |
| = | |
|=20 | |
| | |=20 _________________________________________________________________
| | = | Send=20 and receive Hotmail on your mobile device: http://mobile.msn.com
| | |
| | = |
| |=20 | -
| | | -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = | | -In=20 the email body, write "subscribe canslim" or
| | | -"unsubscribe=20 canslim".  Do not use quotes in your email.
| |
| |
| | = -
| |=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = | -In the=20 email body, write "subscribe canslim" or
| | -"unsubscribe = canslim".  Do=20 not use quotes in your email.
| |
| |
| |
| |
| |
| = |
|=20 |
| | -
| | -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = | -In the=20 email body, write "subscribe canslim" or
| | -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
|=20 -In the email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your email. ------=_NextPart_000_0157_01C24546.8053D480-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] ANSI Date: 16 Aug 2002 21:22:20 -0400 I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: RE: [CANSLIM] ANSI Date: 16 Aug 2002 18:49:40 -0700 the handle looks a little loose to me. I would wait to see the pattern tighten up. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 6:22 PM I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] GTSI Date: 16 Aug 2002 21:48:56 -0400 Did anyone catch GTSI? It's such a spectacular breakout that I can't help but comment on it. I hope someone did! Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] ANSI Date: 16 Aug 2002 21:52:48 EDT --part1_8f.20b2f477.2a8f0670_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You are correct about the larger cup. The left hand lip was at $36.75 on January 15, 2002, and the low was $24.00, making the midpoint $30.38. In my opinion, the right hand lip has not formed yet and that is not a handle, unless the lip formed Thursday and you are looking at the first day of the handle. Why not give it a few days to develop? The left hand of the cup is always the last high price and you may go back nearly a year looking for the last high. If you look at the upper right hand corner of the Weekly chart you will find the last 52 week high. Normally that will be the left hand lip. Charley --part1_8f.20b2f477.2a8f0670_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You are correct about the larger cup. The left hand lip was at $36.75 on January 15, 2002, and the low was $24.00, making the midpoint $30.38.
In my opinion, the right hand lip has not formed yet and that is not a handle, unless the lip formed Thursday and you are looking at the first day of the handle. Why not give it a few days to develop?
The left hand of the cup is always the last high price and you may go back nearly a year looking for the last high. If you look at the upper right hand corner of the Weekly chart you will find the last 52 week high. Normally that will be the left hand lip.
Charley --part1_8f.20b2f477.2a8f0670_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI Date: 16 Aug 2002 15:53:45 -1000 Hi Ann, IHHO the cup starting at 6/11 is not valid because there wasn't a 30% run up to that point. You have to go back to 1/15 to find the true start of the cup. Here's what my software thinks is the ANSI base. http://www.cwhcharts.com/charts/cwhchart.php?symbol=ANSI&today=2002-08-16 Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 3:22 PM I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] ANSI Date: 16 Aug 2002 21:54:42 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00F5_01C2456F.86F6C1C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks, Scott and Charley. Scott, in what we are calling the handle, don't we see what WON calls = "tightness" on 8/8, 8/9, and 9/10? That part doesn't seem loose (if that = is the handle, as Charley suggests it may not be). I wasn't necessarily going to put this on my watch list, but was = curious. Ann ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 9:52 PM Subject: Re: [CANSLIM] ANSI Ann: You are correct about the larger cup. The left hand lip was at = $36.75 on January 15, 2002, and the low was $24.00, making the midpoint = $30.38.=20 In my opinion, the right hand lip has not formed yet and that is not a = handle, unless the lip formed Thursday and you are looking at the first = day of the handle. Why not give it a few days to develop?=20 The left hand of the cup is always the last high price and you may go = back nearly a year looking for the last high. If you look at the upper = right hand corner of the Weekly chart you will find the last 52 week = high. Normally that will be the left hand lip.=20 Charley=20 ------=_NextPart_000_00F5_01C2456F.86F6C1C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks, Scott and Charley.
Scott, in what we are calling the handle, don't we = see what=20 WON calls "tightness" on 8/8, 8/9, and 9/10? That part doesn't seem = loose (if=20 that is the handle, as Charley suggests it may not be).
 
I wasn't necessarily going to put this on my watch = list, but=20 was curious.
 
Ann
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, August 16, 2002 = 9:52=20 PM
Subject: Re: [CANSLIM] = ANSI

Ann: You = are correct=20 about the larger cup. The left hand lip was at $36.75 on January 15, = 2002, and=20 the low was $24.00, making the midpoint $30.38.
In my opinion, the = right=20 hand lip has not formed yet and that is not a handle, unless the lip = formed=20 Thursday and you are looking at the first day of the handle. Why not = give it a=20 few days to develop?
The left hand of the cup is always the last = high=20 price and you may go back nearly a year looking for the last high. If = you look=20 at the upper right hand corner of the Weekly chart you will find the = last 52=20 week high. Normally that will be the left hand lip.
Charley = ------=_NextPart_000_00F5_01C2456F.86F6C1C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI Date: 16 Aug 2002 15:58:34 -1000 I should have added to my previous post, that while the volume coming up the right side of the cup was promising, the high sell volume on the day it formed the pivot and subsequent 3 days is less encouraging, IMHO. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 3:22 PM I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] ANSI Date: 16 Aug 2002 21:56:41 -0400 Mike, Ah, yes! I forgot about that (the previous run-up). Good point. Nice software! Ann ----- Original Message ----- Sent: Friday, August 16, 2002 9:53 PM : Hi Ann, : : IHHO the cup starting at 6/11 is not valid because there wasn't a 30% run up : to that point. You have to go back to 1/15 to find the true start of the : cup. : : Here's what my software thinks is the ANSI base. : : http://www.cwhcharts.com/charts/cwhchart.php?symbol=ANSI&today=2002-08-16 : : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: RE: [CANSLIM] CVH handle Date: 16 Aug 2002 19:02:54 -0700 the handle looks ok to me. But the pattern does not look like a proper cup to me; more like a v-shaped formation The cup setting up on mme looks better to me. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Boyd Sent: Friday, August 16, 2002 1:33 PM Let me qualify that. One week is long enuf if the price/vol action is right. Volatility will negate a chart in a hurry, IMO. norm Boyd writes: > If memory serves me correctly, 1 week is long enuf. I think maybe I saw > this also on Katherine's hand-sketched charts?? If not, nevermind:-) > > Norm > > > Hermann Ertl writes: > > > > From: "Tom Worley" > > > Date: Thu, 15 Aug 2002 00:57:00 -0400 > > > > > > pattern is too short (one week) to start calling this a handle.ion > > > > > > > > > > What is the minimum length of a handle? > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] ANSI Date: 16 Aug 2002 22:03:08 -0400 I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann ----- Original Message ----- Sent: Friday, August 16, 2002 9:58 PM : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] stop losses and profits Date: 16 Aug 2002 22:12:10 -0400 Mike, I will chime in on your original question. Because I buy for my personal investing only small and micro cap stocks, many thinly traded and most lower priced, I rarely can use a hard stop loss. But I do try to set a stop loss point at the time of purchase (that's the best time because at that moment you are thinking more in terms of how much you are about to make, not how much you might lose, so emotionally easier for me to set a stop loss unemotionally). I tend to be aggressive in my buying, for various reasons, so often (usually) am buying while the stock still is basing. Because I am buying stocks that are often thinly traded, sometimes with a sizable spread, I frequently buy using limit orders. I try to buy at or near the bottom of the base to give me an extra cushion against time and risk, since I am anticipating the eventual b/o. All that said, my initial stop is typically set just under the bottom of the base. This can allow me sometimes a stop of only 3-5% depending on how I picked the stock up. I often buy only a partial position, then add to it as I see the stock breaking out. I will not normally alter my mental stop loss point unless and until I am up 20% from my average price. Once that is reached, I set a stop loss about 15% below the then current price, and will move it up further as the price gains altitude. But at times when I was determined to sell a portion of a high flyer (EPIQ was one example) I have maintained a stop loss as tight as 1% for over a week before being hit. But that was when I wanted to sell some, and was greedy enough to want the best possible price without a clue as to how much higher it might yet go. So I kept the stop very tight and raised it daily until I finally sold. ----- Original Message ----- Sent: Friday, August 16, 2002 3:54 PM Katherine, I knew I could count on you for a good answer. As a follow up to your answer #4, if you made 10-15% in one week, how low would you allow the stock to drop on low volume and still buy more, as opposed to selling out? Put another way, if it ran up 15% in a week, would you allow it to go below your original buy point, even if it was at low volume? Have a great weekend everyone! Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits ission.com 08/16/2002 02:31 PM Please respond to canslim Hi Nancy, Let me try and clear up some of your confusion: 1. A stock's "rise" does not occur *in* a base, but *between* bases. While the price will fluctuate up and down within the base itself, the amount of fluctuation will vary depending on the severity of correction and the time it takes to form the area of consolidation. The stock is essentially *absorbing* the gains of its previous advance. 2. When you purchase a stock, you will always purchase it as it *breaks out* of that base. This preferred buy point is referred to as the "pivot" and is again defined by the pattern that the base forms. 4. When a stock begins a healthy rising pattern after it breaks out, it can rise *any* amount before it consolidates (bases) again. There is no hard and fast rule as to how much it will rise before basing, though WON suggests that if it is >=25%, the next base would then be considered a "new stage base." This is only important in that his studies show that most stocks can't muster the oomph to keep going after they've reached the 3rd or 4th stage base. 3. Mike's question about a sell rule is not dependent on *which* base in the base count we are evaluating. A base is a base. If the stock breaks out as it should and begins to rise, how are you going to handle selling it when/if the time comes? 4. WON suggests that, if you buy correctly at the pivot (or no more than 5% above it), that you should never have to suffer a loss of more than 8%. This is because, in his studies, he has found that a healthy stock never falls more than 8% below the pivot before continuing a healthy advance. 5. Mike's question, specifically, was "if a stock breaks out of a base, then rises 10-15%, then falls back, where do you place your sell stop? 8% below your buy price or something other than that?" In other words, should you be willing to accept *any* loss if a stock has managed to rise 10-15% in 6 wks, then falls back to where you bought it. My vote is, if it takes 6 wks to rise and then erases the entire advance, I don't want to take an 8% loss. If it rose 10-15% in *one* week and then fell back on low volume, I'd look at that as "normal" and might consider it a second chance to *buy* more. Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 1:47 PM | Katherine-let me see if I am following correctly please. My question is | that previously I understood that after the third rise in a base formation a | stock may correct by dropping below the previous base and then starting up | again if all is well with the stock. Then the bases start to be recounted | again. In this case, if you just bought in during the third rise in the | base, which from my understanding would probably go up between 15%(Mikes | figure) and 25%( the amount of each rise in a base of a healthy stock) you | would sell(not you personally but someone with my amount of experience or | the like) before the 8% drop, to protect your gain. Then follow the stock | and watch for a buy in again at some point depending on how the stock acts | from this point on? Is that close to correct ??? Thanks for your thoughts | Nancy | | | >From: "Katherine Malm" | >Reply-To: canslim@lists.xmission.com | >To: | >Subject: Re: [CANSLIM] stop losses and profits | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | > | >HI Mike, | > | >I think you'll get a hundred different answers on this one, so I'll just | >answer from my personal point of view. | > | >If a stock breaks out of a well-formed base on volume, then takes 6 weeks | >to | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at that | >point, even if it were falling back "normally" as you suggest. To me that | >means that no sell signals were triggered on the way up, and that the | >general pattern included up days on higher volume than down days, support | >at | >the 50 day moving average, etc. My personal preference, however, would be | >to | >move my stop to breakeven or slightly below (3-4% max, depending on market | >conditions) if the stock had risen like this. | > | >Katherine | > | > | >----- Original Message ----- | >From: | >To: | >Sent: Friday, August 16, 2002 9:17 AM | >Subject: [CANSLIM] stop losses and profits | > | > | >| Group, | >| | >| In reading WON, he makes a statement that you should never let a stock in | >| which you are up 10-15% turn into a loss, but I was wondering you have | >| interpreted that along with the sell at no more than an 8% loss rule. | >| | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ | >| weeks), and then is started to correct....Do you sell at you break even | >| point, or do you allow it to go to your 8% loss point before selling? | >This | >| is assuming that the stock is NOT giving any strong sell signals, but | >| appears to be pulling back "normally". | >| | >| Thanks | >| | >| Mike Niemotka , PE | >| Sr. Principal Engineer | >| Baxter Healthcare Corporation | >| Route 120 & Wilson Road | >| Round Lake, IL 60073 | >| Tel (847) 270-4075 | >| Fax (847) 270-4525 | >| michael_niemotka@baxter.com | >| | >| | >| | >| - | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | >| -In the email body, write "subscribe canslim" or | >| -"unsubscribe canslim". Do not use quotes in your email. | > | > | >- | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | >-In the email body, write "subscribe canslim" or | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | _________________________________________________________________ | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: RE: [CANSLIM] ANSI Date: 16 Aug 2002 19:17:07 -0700 actually ansi did have a previous run-up from a pivot of 26 to 35. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 7:03 PM I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann ----- Original Message ----- Sent: Friday, August 16, 2002 9:58 PM : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] PDCO run-up Date: 16 Aug 2002 22:24:12 -0400 This "run-up" business is a new factor for me to consider. How about PDCO? Does it have the necessary previous run-up? Thanks, Ann ----- Original Message ----- Sent: Friday, August 16, 2002 10:17 PM : actually ansi did have a previous run-up from a pivot of 26 to 35. : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 7:03 PM : To: canslim@lists.xmission.com : Subject: Re: [CANSLIM] ANSI : : : I see what you mean, Mike, : but did you see the weekly chart? : Also, the sell volume in the bottom of the base is low. But I guess the most : recent pattern is the most significant. : Ann : ----- Original Message ----- : From: "Mike Gibbons" : To: : Sent: Friday, August 16, 2002 9:58 PM : Subject: RE: [CANSLIM] ANSI : : : : I should have added to my previous post, that while the volume coming up : the : : right side of the cup was promising, the high sell volume on the day it : : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : : : Aloha, : : : : Mike Gibbons : : Proactive Technologies, LLC : : http://www.proactech.com : : : : : : -----Original Message----- : : From: owner-canslim@lists.xmission.com : : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : : Sent: Friday, August 16, 2002 3:22 PM : : To: CANSLIM Listserv : : Subject: [CANSLIM] ANSI : : : : : : I am trying to figure out whether there is a base or not. : : : : On the daily chart, I see a cup and handle starting at 6/11, forming the : : right rim on 8/7, and now forming handle. : : : : But when I look at the weekly chart, I see a possible larger chart : starting : : in January. : : : : The volume on the weekly chart looks very promising. : : : : Ann : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : : : : - : : -To subscribe/unsubscribe, email "majordomo@xmission.com" : : -In the email body, write "subscribe canslim" or : : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH handle Date: 16 Aug 2002 22:38:16 -0400 anything less than two weeks is not a handle in my book. When I do my review each weekend, I will normally only mention a flat line base that is beginning to appear if it is at least two weeks long, and then only if it is well formed. This also depends on the time duration of the overall basing pattern, as well as "M". If I see a small c&h formed over a 9 or 10 week period from left rim to present, then a 2 week handle is noteworthy for me. If I see a deeper c&h formed over six or eight months, then I am more likely to want a 3-5 week handle, especially if it is initially volatile after rising the right side of the cup. Bottom line, before I call something a "handle", I want to see a long enough pattern to become consistent, as well as have sufficient time for volume to start drying up. ----- Original Message ----- Sent: Friday, August 16, 2002 3:01 PM > From: "Tom Worley" > Date: Thu, 15 Aug 2002 00:57:00 -0400 > > pattern is too short (one week) to start calling this a handle. What is the minimum length of a handle? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CEO / CFO certifications Date: 16 Aug 2002 22:38:57 -0400 "M" ----- Original Message ----- Sent: Friday, August 16, 2002 3:46 PM What is their relation to CANSLIM? > From: "Tom Worley" > Date: Thu, 15 Aug 2002 19:36:23 -0400 > > as per the SEC website, updated as of 7:10 PM tonight, following companies > expected to report by yesterday still had not filed. No indication is shown > of those that filed for the five day extension. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI Date: 16 Aug 2002 22:13:25 -1000 Ann, Yes I saw the weekly chart, but when the handle is short, I think it's the daily chart that's equally important. The behavior in the handle is very important, as Tom has pointed out. While there would be debate that a two week handle is necessary, as he suggests, everyone has their own personal interpetation of the rules based on what works for them in their experience. I think it has been often reiterated recently, that a desirable CwH pattern is one where there is positive price movement on above average volume coming up the right side of the handle (which ANSI displays) followed by increasingly below average ("drying up") volume in the handle. Although there was above average sell volume after forming the pivot, that seems to be correcting itself now. I might add that ANSI scored relatively well on our "Chart Quality" rating, with only two stocks (PVA and CVH) doing better at the moment. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 4:03 PM I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann ----- Original Message ----- Sent: Friday, August 16, 2002 9:58 PM : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI Date: 16 Aug 2002 22:25:37 -1000 Hi Scott, I didn't see the prices you quoted. The biggest low - high swing I saw was a low of 28.20 on 3/11 followed by a high of 35.49 on 3/20, which was a gain of 26%. I believe that under O'Neil's rules that doesn't qualify the 3/20 price as forming the right side of the cup. But this stock took a wild ride on its way into the bottom of its cup and to see the pattern clearly you have to look at a weekly chart, where the left side of the cup at 1/11 is quite apparant, at least to my failing vision. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Scott Gettis Sent: Friday, August 16, 2002 4:17 PM actually ansi did have a previous run-up from a pivot of 26 to 35. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 7:03 PM I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann ----- Original Message ----- Sent: Friday, August 16, 2002 9:58 PM : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: RE: [CANSLIM] ANSI Date: 17 Aug 2002 06:34:47 -0700 (PDT) IBD vital statistics shows ANSI's 3 yr. EPS at -27%. Am I correct in assuming this is a straight line calculation? If it was $1.00 3 yrs. ago, today it's .73? Thanks, Jack --- Mike Gibbons wrote: > Hi Scott, > > I didn't see the prices you quoted. The biggest low > - high swing I saw was a > low of 28.20 on 3/11 followed by a high of 35.49 on > 3/20, which was a gain > of 26%. I believe that under O'Neil's rules that > doesn't qualify the 3/20 > price as forming the right side of the cup. But this > stock took a wild ride > on its way into the bottom of its cup and to see the > pattern clearly you > have to look at a weekly chart, where the left side > of the cup at 1/11 is > quite apparant, at least to my failing vision. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Scott Gettis > Sent: Friday, August 16, 2002 4:17 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] ANSI > > > actually ansi did have a previous run-up from a > pivot of 26 to 35. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > Sent: Friday, August 16, 2002 7:03 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ANSI > > > I see what you mean, Mike, > but did you see the weekly chart? > Also, the sell volume in the bottom of the base is > low. But I guess the most > recent pattern is the most significant. > Ann > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Friday, August 16, 2002 9:58 PM > Subject: RE: [CANSLIM] ANSI > > > : I should have added to my previous post, that > while the volume coming up > the > : right side of the cup was promising, the high sell > volume on the day it > : formed the pivot and subsequent 3 days is less > encouraging, IMHO. > : > : Aloha, > : > : Mike Gibbons > : Proactive Technologies, LLC > : http://www.proactech.com > : > : > : -----Original Message----- > : From: owner-canslim@lists.xmission.com > : [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > : Sent: Friday, August 16, 2002 3:22 PM > : To: CANSLIM Listserv > : Subject: [CANSLIM] ANSI > : > : > : I am trying to figure out whether there is a base > or not. > : > : On the daily chart, I see a cup and handle > starting at 6/11, forming the > : right rim on 8/7, and now forming handle. > : > : But when I look at the weekly chart, I see a > possible larger chart > starting > : in January. > : > : The volume on the weekly chart looks very > promising. > : > : Ann > : > : > : - > : -To subscribe/unsubscribe, email > "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your > email. > : > : > : - > : -To subscribe/unsubscribe, email > "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] ANSI Date: 17 Aug 2002 10:00:20 -0400 Jack, a good example of how you have to be careful with "calculated" long term statistics. In this case, ANSI earned (by DGO's adjusted calculations) a total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 cents in 2001. So 2001 looks good by comparison, but lousy on a 3 year basis. On the other hand, the forecasts of 51 cents this year and 77 cents next year continue the short term trend higher at a rate that well exceeds market norms. ----- Original Message ----- Sent: Saturday, August 17, 2002 9:34 AM IBD vital statistics shows ANSI's 3 yr. EPS at -27%. Am I correct in assuming this is a straight line calculation? If it was $1.00 3 yrs. ago, today it's .73? Thanks, Jack --- Mike Gibbons wrote: > Hi Scott, > > I didn't see the prices you quoted. The biggest low > - high swing I saw was a > low of 28.20 on 3/11 followed by a high of 35.49 on > 3/20, which was a gain > of 26%. I believe that under O'Neil's rules that > doesn't qualify the 3/20 > price as forming the right side of the cup. But this > stock took a wild ride > on its way into the bottom of its cup and to see the > pattern clearly you > have to look at a weekly chart, where the left side > of the cup at 1/11 is > quite apparant, at least to my failing vision. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Scott Gettis > Sent: Friday, August 16, 2002 4:17 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] ANSI > > > actually ansi did have a previous run-up from a > pivot of 26 to 35. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > Sent: Friday, August 16, 2002 7:03 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ANSI > > > I see what you mean, Mike, > but did you see the weekly chart? > Also, the sell volume in the bottom of the base is > low. But I guess the most > recent pattern is the most significant. > Ann > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Friday, August 16, 2002 9:58 PM > Subject: RE: [CANSLIM] ANSI > > > : I should have added to my previous post, that > while the volume coming up > the > : right side of the cup was promising, the high sell > volume on the day it > : formed the pivot and subsequent 3 days is less > encouraging, IMHO. > : > : Aloha, > : > : Mike Gibbons > : Proactive Technologies, LLC > : http://www.proactech.com > : > : > : -----Original Message----- > : From: owner-canslim@lists.xmission.com > : [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > : Sent: Friday, August 16, 2002 3:22 PM > : To: CANSLIM Listserv > : Subject: [CANSLIM] ANSI > : > : > : I am trying to figure out whether there is a base > or not. > : > : On the daily chart, I see a cup and handle > starting at 6/11, forming the > : right rim on 8/7, and now forming handle. > : > : But when I look at the weekly chart, I see a > possible larger chart > starting > : in January. > : > : The volume on the weekly chart looks very > promising. > : > : Ann > : > : > : - > : -To subscribe/unsubscribe, email > "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your > email. > : > : > : - > : -To subscribe/unsubscribe, email > "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: [CANSLIM] We have updated the Acc/Dis charts from IBD. Date: 17 Aug 2002 12:34:21 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0015_01C245EA.69790D80 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0016_01C245EA.69790D80" ------=_NextPart_001_0016_01C245EA.69790D80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit GlacierThe updated Acc/Dis charts are now available on the website at: http://www.adrich.com/SI/Info/A's.htm The information has been updated through Friday, August 16, 2002. ---- Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com ------=_NextPart_001_0016_01C245EA.69790D80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Glacier
The updated Acc/Dis charts are now = available=20 on the website at:
 
 
http://www.adrich.com/SI/I= nfo/A's.htm
 
The information has been updated = through=20 Friday, August 16, 2002.
 
 
Fred Richards
 
Corruptisima republica plurimae leges.  [The more corrupt a = republic,=20 the more laws.]  - - Tacitus, Annuals III 27
 

 

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview Date: 17 Aug 2002 15:21:06 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0213_01C24601.B53F2080 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0214_01C24601.B53F2080" ------=_NextPart_001_0214_01C24601.B53F2080 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ECONOMICS Business inventories rose 0.2% in June,for the second straight month, = significant not only for being the second month since Jan 2001 that = inventories rose, but unlike May doing so on a 0.3% rise in sales (in = May sales declined 0.3%). Expectations were for a rise of 0.1% in = inventories. This suggests that business is now intentionally increasing = inventories in a show of confidence for the future. Business investment rose 0.3% in the second quarter according to the = preliminary GDP report, first increase since Q3 of 2000. Industrial production rose 0.2% while capacity utilization remained = unchanged in July, both slightly ahead of expectations. FOMC left rates unchanged, while changing the bias to a possible future = easing. Media did a good job hyping a rate cut, can only wonder (until = we get the minutes) if this had any influence on the Feds. Meanwhile, = the media's favorite new story is to increase the fear of a double dip = back into recession. Univ. of Michigan's consumer sentiment survey dipped in mid August to = 87.9 from 88.1, expected by economists was a rise to 89 (can I have some = of whatever they were smoking??). Meanwhile same survey showed the = current conditions index rose to 100.2 from 99.3 while expectations = index dropped to 80 from 81. When will the media hold pain adverse Japan (the second largest economy = in the world) accountable for failing to take any meaningful steps to = enact changes to its corrupted banking system and closed economy, and = stop allowing it to instead hang on the back of the US and European = economies to drag it out of recession? Global economies are fragile, = they do not need or deserve the added weight of Japan. ------- WORLEY'S WATCHLIST WANNABES=20 This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, = as the name implies, only intended to identify some stocks with = constructive chart patterns that may be worth WATCHING and learning from = (and of course doing your own due diligence). I am employed in = Operations by a US Broker Dealer, however everything presented by me is = strictly my own ideas and in no way should be taken to reflect the views = or opinions of my employer. I typically list stocks with both RS and EPS ranking of 80 or better, = and try to exclude stocks undergoing any merger / acquisition / buyout = scenario. I no longer will actively consider earnings forecast for this = year and next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see, such as c&h, double (or triple) bottoms, or flat bases (shown as = Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left = Upper Right) even though it is not exactly a CANSLIM pattern. The population of stocks I am reviewing this weekend expanded over 50% = this past week, certainly an encouraging sign that an increased number = of stocks were approaching or at new highs with both RS and EPS also 80 = or better. AF - possible handling forming, not confirmed yet by volume ANDE - B3+ APOL - nice b/o Thursday from a double bottom BLUD - rough LLUR BRKL - high handle forming on declining volume, capitulation day near = bottom of the c&h CSG - severe double bottom, volume light on right side, approaching = pivot CSTR - nice b/o Thursday from a 2 week handle DCOM - still trying to break out of the triple bottom pattern DOCC - owned & in my VR Fund, nice recovery from Wed's profit taking, = not an entry now, but worth holding (my target now 16-17) DORL - high handle FCBP - c&h FCN - B3 FNBP - B7 HBHC - LLUR? INVN - early stage LLUR below the high NWRE - B3, in my VR Fund PORT - LLUR into a B3, volume declining, could go either way QCBC - B3 QSII - B4 SBMC - double bottom, volume declining, 2% over pivot SFNT - unusual c&h SSNC - rough B6, in my VR Fund TRBS - fairly classic double bottom, handle forming TRYF - B5 WFMI - double bottom, sustained the b/o from pivot on center point, now = at left rim of "W", both below recent high Happy Hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley ------=_NextPart_001_0214_01C24601.B53F2080 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
ECONOMICS
Business inventories rose 0.2% in June,for the = second=20 straight month, significant not only for being the second month since = Jan 2001=20 that inventories rose, but unlike May doing so on a 0.3% rise in sales = (in May=20 sales declined 0.3%). Expectations were for a rise of 0.1% in = inventories. This=20 suggests that business is now intentionally increasing inventories in a = show of=20 confidence for the future.
 
Business investment rose 0.3% in the second = quarter=20 according to the preliminary GDP report, first increase since Q3 of=20 2000.
 
Industrial production rose 0.2% while capacity = utilization=20 remained unchanged in July, both slightly ahead of = expectations.
 
FOMC left rates unchanged, while changing the = bias to a=20 possible future easing. Media did a good job hyping a rate cut, can only = wonder=20 (until we get the minutes) if this had any influence on the Feds. = Meanwhile, the=20 media's favorite new story is to increase the fear of a double dip back = into=20 recession.
 
Univ. of Michigan's consumer sentiment survey = dipped in=20 mid August to 87.9 from 88.1, expected by economists was a rise to 89 = (can I=20 have some of whatever they were smoking??). Meanwhile same survey showed = the=20 current conditions index rose to 100.2 from 99.3 while expectations = index=20 dropped to 80 from 81.
 
When will the media hold pain adverse Japan (the = second=20 largest economy in the world) accountable for failing to take any = meaningful=20 steps to enact changes to its corrupted banking system and closed = economy, and=20 stop allowing it to instead hang on the back of the US and European=20 economies to drag it out of recession? Global economies are = fragile, they=20 do not need or deserve the added weight of Japan.
 
AF - possible handling forming, not confirmed = yet by=20 volume
ANDE - B3+
APOL - nice b/o Thursday from a double = bottom
BLUD - rough LLUR
BRKL - high handle forming on declining volume,=20 capitulation day near bottom of the c&h
CSG - severe double bottom, volume light on = right side,=20 approaching pivot
CSTR - nice b/o Thursday from a 2 week = handle
DCOM - still trying to break out of the triple = bottom=20 pattern
DOCC - owned & in my VR Fund, nice recovery = from Wed's=20 profit taking, not an entry now, but worth holding (my target now=20 16-17)
DORL - high handle
FCBP - c&h
FCN - B3
FNBP - B7
HBHC - LLUR?
INVN - early stage LLUR below the = high
NWRE - B3, in my VR Fund
PORT - LLUR into a B3, volume declining, could = go either=20 way
QCBC - B3
QSII - B4
SBMC - double bottom, volume declining, 2% over=20 pivot
SFNT - unusual c&h
SSNC - rough B6, in my VR Fund
TRBS - fairly classic double bottom, handle=20 forming
TRYF - B5
WFMI - double bottom, sustained the b/o from = pivot on=20 center point, now at left rim of "W", both below recent = high
 
Happy Hunting,
3D""
WORLEY'S WATCHLIST WANNABES=20
This list is in no way intended to recommend any = stocks to=20 the group. It is a part of my regular assessment of the health of = CANSLIM's "M"=20 and, as the name implies, only intended to identify some stocks with=20 constructive chart patterns that may be worth WATCHING and learning from (and of = course doing=20 your own due diligence). I am employed = in=20 Operations by a US Broker Dealer, however everything presented by me is = strictly=20 my own ideas and in no way should be taken to reflect the views or = opinions of=20 my employer.
 
I typically list stocks with both RS and EPS = ranking of 80=20 or better, and try to exclude stocks undergoing any merger / acquisition = /=20 buyout scenario. I no longer will actively = consider earnings=20 forecast for this year and next due the confusing data presented by DGO. = I do no=20 other due diligence, that is your responsibility. I will note any = CANSLIM=20 patterns I see, such as c&h, double (or triple) bottoms, or flat = bases=20 (shown as Bx where "x" is the # of weeks, IMO). I will also note LLUR = (Lower=20 Left Upper Right) even though it is not exactly a CANSLIM = pattern.
 
The population of stocks I am reviewing this = weekend=20 expanded over 50% this past week, certainly an encouraging sign that an=20 increased number of stocks were approaching or at new highs with both RS = and EPS=20 also 80 or better.
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Recent activity Date: 17 Aug 2002 17:52:00 -0600 Nice summary. Only an additional thought or two. Number 6 is probably not a large positive. Only medical is the sort of industry that can really be considered a market leader. The others aren't really significant industries. Retail can be something of a leader I suppose (I'm not clear on this, someone can correct me if I'm wrong, HD and WMT come to mind), but I don't see those stocks as real leaders. Your negative arguments I find more compelling, or at least am inclined to give more weight to than the positives. I have one more negative. I don't see any industry producing the 40 to 100% gains in revenues in earnings that can give you the really big winning stocks. I keep thinking back to the nineties when we had several industries producing huge growth rates for years, and that is gone and nothing has taken its place. I guess we can have some nice moves in the market without that, but also probably won't get any huge moves until some industry's step up. On 16 Aug 2002 at 11:39, Eric Jaenike wrote: > 6. Some potential leadership forming, including gaming (BYD ISLE), > medical (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE > MME), regional banks (if you're willing to include that group as > leadership), retail (JASA PETM MIK KSS). - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 01:14:54 -0500 > From: "Tom Worley" > Date: Sat, 17 Aug 2002 10:00:20 -0400 > > Jack, a good example of how you have to be careful with "calculated" long > term statistics. In this case, ANSI earned (by DGO's adjusted calculations) > a total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 cents in > 2001. So 2001 looks good by comparison, but lousy on a 3 year basis. On the > other hand, the forecasts of 51 cents this year and 77 cents next year > continue the short term trend higher at a rate that well exceeds market > norms. > > ----- Original Message ----- > From: "Jack Tencza" > Sent: Saturday, August 17, 2002 9:34 AM > > > IBD vital statistics shows ANSI's 3 yr. EPS at -27%. > Am I correct in assuming this is a straight line > calculation? If it was $1.00 3 yrs. ago, today it's > .73? Tom, your data do not explain, "3 yr. EPS at -27%." In order to calculate a three year trend (Jack says, "3 yrs. ago") one needs data for four years - you supplied only data for three years. If you supply data for four years we may can figure out the answer to Jack's question how the three year trend is calculated, or do you know? Maybe the problem lies somewhere else. Maybe quarterly results were used. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] CEO / CFO certifications Date: 18 Aug 2002 01:14:50 -0500 > From: "Tom Worley" > Date: Fri, 16 Aug 2002 22:38:57 -0400 > > "M" > > ----- Original Message ----- > From: "Hermann Ertl" > To: > Sent: Friday, August 16, 2002 3:46 PM > Subject: Re: [CANSLIM] CEO / CFO certifications > > > What is their relation to CANSLIM? > > > > > > From: "Tom Worley" > > Date: Thu, 15 Aug 2002 19:36:23 -0400 > > > > as per the SEC website, updated as of 7:10 PM tonight, following companies > > expected to report by yesterday still had not filed. No indication is > shown > > of those that filed for the five day extension. Tom, don't switch from one extreme to the other one. When replying, you have the habit of not trimming quotes of unneeded, irrelevant text. But in this message you cut out the names of the companies - interesting because they are relevant information (if your claim is true). I wonder why you did this. Your response doesn't make sense. In what way did the companies' failure of timely filing affect the market (M stands for market, right?)? Would you please show their percentage price changes. Did they affect the market positively or negatively? Was the effect what you had expected? Also, Tom, you are a very talented, wordy writer. From you one would have expected a little more than a one letter response. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 07:40:58 -0400 Sorry, Hermann, I could have explained better. In 1998, ANSI earned 30 cents. So from 1998 thru last year, earnings declined from 30 cents to 21 cents. That's a 30% decline. Annualized would be less, so I can't explain the -27%. You should note that IBD uses a 3 year cycle, while DGO (where the growth rate shows as +4%) uses 5 years. ----- Original Message ----- Sent: Sunday, August 18, 2002 2:14 AM > From: "Tom Worley" > Date: Sat, 17 Aug 2002 10:00:20 -0400 > > Jack, a good example of how you have to be careful with "calculated" long > term statistics. In this case, ANSI earned (by DGO's adjusted calculations) > a total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 cents in > 2001. So 2001 looks good by comparison, but lousy on a 3 year basis. On the > other hand, the forecasts of 51 cents this year and 77 cents next year > continue the short term trend higher at a rate that well exceeds market > norms. > > ----- Original Message ----- > From: "Jack Tencza" > Sent: Saturday, August 17, 2002 9:34 AM > > > IBD vital statistics shows ANSI's 3 yr. EPS at -27%. > Am I correct in assuming this is a straight line > calculation? If it was $1.00 3 yrs. ago, today it's > .73? Tom, your data do not explain, "3 yr. EPS at -27%." In order to calculate a three year trend (Jack says, "3 yrs. ago") one needs data for four years - you supplied only data for three years. If you supply data for four years we may can figure out the answer to Jack's question how the three year trend is calculated, or do you know? Maybe the problem lies somewhere else. Maybe quarterly results were used. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CEO / CFO certifications Date: 18 Aug 2002 07:42:54 -0400 Hermann, corporate governance has been a significant and very negative influence on the "M" in CANSLIM for many months. If the certification finally eases investor fears, then it is possible for "M" to improve. ----- Original Message ----- Sent: Sunday, August 18, 2002 2:14 AM > From: "Tom Worley" > Date: Fri, 16 Aug 2002 22:38:57 -0400 > > "M" > > ----- Original Message ----- > From: "Hermann Ertl" > To: > Sent: Friday, August 16, 2002 3:46 PM > Subject: Re: [CANSLIM] CEO / CFO certifications > > > What is their relation to CANSLIM? > > > > > > From: "Tom Worley" > > Date: Thu, 15 Aug 2002 19:36:23 -0400 > > > > as per the SEC website, updated as of 7:10 PM tonight, following companies > > expected to report by yesterday still had not filed. No indication is > shown > > of those that filed for the five day extension. Tom, don't switch from one extreme to the other one. When replying, you have the habit of not trimming quotes of unneeded, irrelevant text. But in this message you cut out the names of the companies - interesting because they are relevant information (if your claim is true). I wonder why you did this. Your response doesn't make sense. In what way did the companies' failure of timely filing affect the market (M stands for market, right?)? Would you please show their percentage price changes. Did they affect the market positively or negatively? Was the effect what you had expected? Also, Tom, you are a very talented, wordy writer. From you one would have expected a little more than a one letter response. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 06:57:21 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00B5_01C24684.7FBEBFF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hermann & Tom,=20 No mystery, just need to know the definition, this one from the = DailyGraph help files (highlighting is mine). The regression approach is = the reason why a back of the envelope check doesn't always appear to = match their numbers. =20 Earnings Growth Rate % This item is calculated by using a least squares regression fit over a = 3-to-5 year period of earnings per share based on a trailing = four-quarter count. For example, if a stock is currently in its second = quarter, the first period used in this calculation will consist of the = sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the prior = fiscal year). Each successive period will be based on the next trailing = four quarters of earnings per share.=20 The amount of time used to calculate the Growth Rate is based on two = factors;=20 a.. Availability of data=20 b.. Positive earnings=20 If a stock does not have at least three years of positive earnings = (based on the trailing four-quarter method noted above), an "N/A" will = appear.=20 The amount of time used for this calculation will consist of at least = three years but no more than five years of positive earnings per share. = If a four-quarter period sum is negative, that period and additional = earnings further back in time, will not be used in the calculation of = this data item.=20 --Katherine ----- Original Message -----=20 Sent: Sunday, August 18, 2002 6:40 AM | Sorry, Hermann, I could have explained better. In 1998, ANSI earned 30 | cents. So from 1998 thru last year, earnings declined from 30 cents to = 21 | cents. That's a 30% decline. Annualized would be less, so I can't = explain | the -27%. You should note that IBD uses a 3 year cycle, while DGO = (where | the growth rate shows as +4%) uses 5 years. |=20 | ----- Original Message ----- | From: "Hermann Ertl" | To: | Sent: Sunday, August 18, 2002 2:14 AM | Subject: Re: [CANSLIM] ANSI |=20 |=20 | > From: "Tom Worley" | > Date: Sat, 17 Aug 2002 10:00:20 -0400 | > | > Jack, a good example of how you have to be careful with "calculated" = long | > term statistics. In this case, ANSI earned (by DGO's adjusted | calculations) | > a total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 = cents | in | > 2001. So 2001 looks good by comparison, but lousy on a 3 year basis. = On | the | > other hand, the forecasts of 51 cents this year and 77 cents next = year | > continue the short term trend higher at a rate that well exceeds = market | > norms. | > | > ----- Original Message ----- | > From: "Jack Tencza" | > Sent: Saturday, August 17, 2002 9:34 AM | > | > | > IBD vital statistics shows ANSI's 3 yr. EPS at -27%. | > Am I correct in assuming this is a straight line | > calculation? If it was $1.00 3 yrs. ago, today it's | > .73? |=20 |=20 |=20 | Tom, your data do not explain, "3 yr. EPS at -27%." | In order to calculate a three year trend (Jack says, "3 yrs. ago") | one needs data for four years - you supplied only data for three | years. |=20 | If you supply data for four years we may can figure out the answer | to Jack's question how the three year trend is calculated, or do | you know? |=20 | Maybe the problem lies somewhere else. Maybe quarterly results were | used. |=20 |=20 |=20 |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. |=20 |=20 |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00B5_01C24684.7FBEBFF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hermann & Tom,
 
No mystery, just need to know the definition, this one from the = DailyGraph=20 help files (highlighting is mine). The regression approach is the reason = why a=20 back of the envelope check doesn't always appear to match their = numbers.
 
Earnings Growth Rate %

This item is calculated by using a least = squares=20 regression fit over a 3-to-5 year period of earnings per share based on = a=20 trailing four-quarter count. For example, if a stock is = currently in=20 its second quarter, the first period used in this calculation will = consist of=20 the sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the = prior fiscal=20 year). Each successive period will be based on the next trailing four = quarters=20 of earnings per share.

The amount of time used to calculate the = Growth=20 Rate is based on two factors;=20

  • Availability of data=20
  • Positive earnings
If a stock does not have at least three years of positive earnings = (based=20 on the trailing four-quarter method noted above), an "N/A" will appear.=20

The amount of time used for this calculation will consist of at = least=20 three years but no more than five years of positive earnings per share. = If a=20 four-quarter period sum is negative, that period and additional earnings = further=20 back in time, will not be used in the calculation of this data item. =

--Katherine
 
----- Original Message -----=20
From: "Tom Worley" <stkguru@bellsouth.net>
=
To: <canslim@lists.xmission.com= >
Sent: Sunday, August 18, 2002 6:40 AM
Subject: Re: [CANSLIM] ANSI

| Sorry, Hermann, I could have explained better. In 1998, = ANSI=20 earned 30
| cents. So from 1998 thru last year, earnings declined = from 30=20 cents to 21
| cents. That's a 30% decline. Annualized would be less, = so I=20 can't explain
| the -27%.  You should note that IBD uses a 3 = year cycle,=20 while DGO (where
| the growth rate shows as +4%) uses 5 years.
| =
|=20 ----- Original Message -----
| From: "Hermann Ertl" <hertl@attglobal.net>
| To: = <canslim@lists.xmission.com= >
|=20 Sent: Sunday, August 18, 2002 2:14 AM
| Subject: Re: [CANSLIM] = ANSI
|=20
|
| > From: "Tom Worley" <stkguru@bellsouth.net>
| = >=20 example=20 of how you have to be careful with "calculated" long
| > term = statistics.=20 In this case, ANSI earned (by DGO's adjusted
| calculations)
| = > a=20 total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 = cents
|=20 in
| > 2001. So 2001 looks good by comparison, but lousy on a 3 = year=20 basis. On
| the
| > other hand, the forecasts of 51 cents this = year and=20 77 cents next year
| > continue the short term trend higher at a = rate that=20 well exceeds market
| > norms.
| >
| > ----- Original = Message=20 -----
| > From: "Jack Tencza" <jtenz@yahoo.com>
| > Sent: = Saturday,=20 August 17, 2002 9:34 AM
| >
| >
| > IBD vital = statistics shows=20 ANSI's 3 yr. EPS at -27%.
| > Am I correct in assuming this is a = straight=20 line
| > calculation? If it was $1.00 3 yrs. ago, today it's
| = >=20 .73?
|
|
|
| Tom, your data do not explain, "3 yr. EPS at = -27%."
| In order to calculate a three year trend (Jack says, "3 yrs. = ago")
| one needs data for four years - you supplied only data for = three
|=20 years.
|
| If you supply data for four years we may can figure = out the=20 answer
| to Jack's question how the three year trend is calculated, = or=20 do
| you know?
|
| Maybe the problem lies somewhere else. = Maybe=20 quarterly results were
| used.
|
|
|
|
|
| = -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_00B5_01C24684.7FBEBFF0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 08:01:03 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_008B_01C2468D.65E90BE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine, What I don't know is if IBD is also using the regression method. The = only thing I ever saw confirmed is that they use only a 3 year period, = while DGO uses up to 5 years when available. ----- Original Message -----=20 Sent: Sunday, August 18, 2002 7:57 AM Hermann & Tom,=20 No mystery, just need to know the definition, this one from the = DailyGraph help files (highlighting is mine). The regression approach is = the reason why a back of the envelope check doesn't always appear to = match their numbers. Earnings Growth Rate % This item is calculated by using a least squares regression fit over a = 3-to-5 year period of earnings per share based on a trailing = four-quarter count. For example, if a stock is currently in its second = quarter, the first period used in this calculation will consist of the = sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the prior = fiscal year). Each successive period will be based on the next trailing = four quarters of earnings per share.=20 The amount of time used to calculate the Growth Rate is based on two = factors;=20 a.. Availability of data=20 b.. Positive earnings=20 If a stock does not have at least three years of positive earnings = (based on the trailing four-quarter method noted above), an "N/A" will = appear.=20 The amount of time used for this calculation will consist of at least = three years but no more than five years of positive earnings per share. = If a four-quarter period sum is negative, that period and additional = earnings further back in time, will not be used in the calculation of = this data item.=20 --Katherine ----- Original Message -----=20 Sent: Sunday, August 18, 2002 6:40 AM | Sorry, Hermann, I could have explained better. In 1998, ANSI earned 30 | cents. So from 1998 thru last year, earnings declined from 30 cents to = 21 | cents. That's a 30% decline. Annualized would be less, so I can't = explain | the -27%. You should note that IBD uses a 3 year cycle, while DGO = (where | the growth rate shows as +4%) uses 5 years. |=20 | ----- Original Message ----- | From: "Hermann Ertl" | To: | Sent: Sunday, August 18, 2002 2:14 AM | Subject: Re: [CANSLIM] ANSI |=20 |=20 | > From: "Tom Worley" | > Date: Sat, 17 Aug 2002 10:00:20 -0400 | > | > Jack, a good example of how you have to be careful with "calculated" = long | > term statistics. In this case, ANSI earned (by DGO's adjusted | calculations) | > a total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 = cents | in | > 2001. So 2001 looks good by comparison, but lousy on a 3 year basis. = On | the | > other hand, the forecasts of 51 cents this year and 77 cents next = year | > continue the short term trend higher at a rate that well exceeds = market | > norms. | > | > ----- Original Message ----- | > From: "Jack Tencza" | > Sent: Saturday, August 17, 2002 9:34 AM | > | > | > IBD vital statistics shows ANSI's 3 yr. EPS at -27%. | > Am I correct in assuming this is a straight line | > calculation? If it was $1.00 3 yrs. ago, today it's | > .73? |=20 |=20 |=20 | Tom, your data do not explain, "3 yr. EPS at -27%." | In order to calculate a three year trend (Jack says, "3 yrs. ago") | one needs data for four years - you supplied only data for three | years. |=20 | If you supply data for four years we may can figure out the answer | to Jack's question how the three year trend is calculated, or do | you know? |=20 | Maybe the problem lies somewhere else. Maybe quarterly results were | used. |=20 |=20 |=20 |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. |=20 |=20 |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email.=20 ------=_NextPart_000_008B_01C2468D.65E90BE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Katherine,
 
What I don't know is if IBD is also using the = regression=20 method. The only thing I ever saw confirmed is that they use only a 3 = year=20 period, while DGO uses up to 5 years when available.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Sunday, August 18, 2002 7:57 AM
Subject: Re: [CANSLIM] ANSI

Hermann & Tom,
 
No mystery, just need to know the definition, this one from the = DailyGraph=20 help files (highlighting is mine). The regression approach is the reason = why a=20 back of the envelope check doesn't always appear to match their = numbers.
 
Earnings Growth Rate %

This item is calculated by using a least = squares=20 regression fit over a 3-to-5 year period of earnings per share based on = a=20 trailing four-quarter count. For example, if a stock is = currently in=20 its second quarter, the first period used in this calculation will = consist of=20 the sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the = prior fiscal=20 year). Each successive period will be based on the next trailing four = quarters=20 of earnings per share.

The amount of time used to calculate the = Growth=20 Rate is based on two factors;=20

  • Availability of data=20
  • Positive earnings
If a stock does not have at least three years of positive earnings = (based=20 on the trailing four-quarter method noted above), an "N/A" will appear.=20

The amount of time used for this calculation will consist of at = least=20 three years but no more than five years of positive earnings per share. = If a=20 four-quarter period sum is negative, that period and additional earnings = further=20 back in time, will not be used in the calculation of this data item. =

--Katherine
 
----- Original Message -----=20
From: "Tom Worley" <stkguru@bellsouth.net>
=
To: <canslim@lists.xmission.com= >
Sent: Sunday, August 18, 2002 6:40 AM
Subject: Re: [CANSLIM] ANSI

| Sorry, Hermann, I could have explained better. In 1998, = ANSI=20 earned 30
| cents. So from 1998 thru last year, earnings declined = from 30=20 cents to 21
| cents. That's a 30% decline. Annualized would be less, = so I=20 can't explain
| the -27%.  You should note that IBD uses a 3 = year cycle,=20 while DGO (where
| the growth rate shows as +4%) uses 5 years.
| =
|=20 ----- Original Message -----
| From: "Hermann Ertl" <hertl@attglobal.net>
| To: = <canslim@lists.xmission.com= >
|=20 Sent: Sunday, August 18, 2002 2:14 AM
| Subject: Re: [CANSLIM] = ANSI
|=20
|
| > From: "Tom Worley" <stkguru@bellsouth.net>
| = >=20 example=20 of how you have to be careful with "calculated" long
| > term = statistics.=20 In this case, ANSI earned (by DGO's adjusted
| calculations)
| = > a=20 total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 = cents
|=20 in
| > 2001. So 2001 looks good by comparison, but lousy on a 3 = year=20 basis. On
| the
| > other hand, the forecasts of 51 cents this = year and=20 77 cents next year
| > continue the short term trend higher at a = rate that=20 well exceeds market
| > norms.
| >
| > ----- Original = Message=20 -----
| > From: "Jack Tencza" <jtenz@yahoo.com>
| > Sent: = Saturday,=20 August 17, 2002 9:34 AM
| >
| >
| > IBD vital = statistics shows=20 ANSI's 3 yr. EPS at -27%.
| > Am I correct in assuming this is a = straight=20 line
| > calculation? If it was $1.00 3 yrs. ago, today it's
| = >=20 .73?
|
|
|
| Tom, your data do not explain, "3 yr. EPS at = -27%."
| In order to calculate a three year trend (Jack says, "3 yrs. = ago")
| one needs data for four years - you supplied only data for = three
|=20 years.
|
| If you supply data for four years we may can figure = out the=20 answer
| to Jack's question how the three year trend is calculated, = or=20 do
| you know?
|
| Maybe the problem lies somewhere else. = Maybe=20 quarterly results were
| used.
|
|
|
|
|
| = -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_008B_01C2468D.65E90BE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 07:10:35 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00CC_01C24686.596CCDE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Morning Tom, Yes, they use the same methodology. I recalled we've discussed the 3 vs = 5 yr difference between IBD and DGO data on the list recently, so didn't = mention that specifically. Here's the IBD definition from their help = files: EPS Growth Rate %, 3 YEAR The compound 3-year growth rate calculated using the least squares fit = over the latest two to three years' earnings per share on a running = 12-month basis. Growth rate will be calculated only if there is a = minimum of eight trailing 4-quarter periods of positive earnings (uses a = minimum of 11 quarters of data).=20 -Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 7:01 AM Subject: Re: [CANSLIM] ANSI Hi Katherine, What I don't know is if IBD is also using the regression method. The = only thing I ever saw confirmed is that they use only a 3 year period, = while DGO uses up to 5 years when available. ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 7:57 AM Subject: Re: [CANSLIM] ANSI Hermann & Tom,=20 No mystery, just need to know the definition, this one from the = DailyGraph help files (highlighting is mine). The regression approach is = the reason why a back of the envelope check doesn't always appear to = match their numbers. Earnings Growth Rate % This item is calculated by using a least squares regression fit over a = 3-to-5 year period of earnings per share based on a trailing = four-quarter count. For example, if a stock is currently in its second = quarter, the first period used in this calculation will consist of the = sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the prior = fiscal year). Each successive period will be based on the next trailing = four quarters of earnings per share.=20 The amount of time used to calculate the Growth Rate is based on two = factors;=20 a.. Availability of data=20 b.. Positive earnings=20 If a stock does not have at least three years of positive earnings = (based on the trailing four-quarter method noted above), an "N/A" will = appear.=20 The amount of time used for this calculation will consist of at least = three years but no more than five years of positive earnings per share. = If a four-quarter period sum is negative, that period and additional = earnings further back in time, will not be used in the calculation of = this data item.=20 --Katherine ----- Original Message -----=20 From: "Tom Worley" To: Sent: Sunday, August 18, 2002 6:40 AM Subject: Re: [CANSLIM] ANSI | Sorry, Hermann, I could have explained better. In 1998, ANSI earned = 30 | cents. So from 1998 thru last year, earnings declined from 30 cents = to 21 | cents. That's a 30% decline. Annualized would be less, so I can't = explain | the -27%. You should note that IBD uses a 3 year cycle, while DGO = (where | the growth rate shows as +4%) uses 5 years. |=20 | ----- Original Message ----- | From: "Hermann Ertl" | To: | Sent: Sunday, August 18, 2002 2:14 AM | Subject: Re: [CANSLIM] ANSI |=20 |=20 | > From: "Tom Worley" | > Date: Sat, 17 Aug 2002 10:00:20 -0400 | > | > Jack, a good example of how you have to be careful with = "calculated" long | > term statistics. In this case, ANSI earned (by DGO's adjusted | calculations) | > a total of 75 cents in 1999, then dropped to 9 cents in 2000 and = 21 cents | in | > 2001. So 2001 looks good by comparison, but lousy on a 3 year = basis. On | the | > other hand, the forecasts of 51 cents this year and 77 cents next = year | > continue the short term trend higher at a rate that well exceeds = market | > norms. | > | > ----- Original Message ----- | > From: "Jack Tencza" | > Sent: Saturday, August 17, 2002 9:34 AM | > | > | > IBD vital statistics shows ANSI's 3 yr. EPS at -27%. | > Am I correct in assuming this is a straight line | > calculation? If it was $1.00 3 yrs. ago, today it's | > .73? |=20 |=20 |=20 | Tom, your data do not explain, "3 yr. EPS at -27%." | In order to calculate a three year trend (Jack says, "3 yrs. ago") | one needs data for four years - you supplied only data for three | years. |=20 | If you supply data for four years we may can figure out the answer | to Jack's question how the three year trend is calculated, or do | you know? |=20 | Maybe the problem lies somewhere else. Maybe quarterly results were | used. |=20 |=20 |=20 |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. |=20 |=20 |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email.=20 ------=_NextPart_000_00CC_01C24686.596CCDE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Morning Tom,
 
Yes, they use the same methodology. I recalled we've discussed the = 3 vs 5=20 yr difference between IBD and DGO data on the list recently, so didn't = mention=20 that specifically. Here's the IBD definition from their help = files:
 
EPS Growth Rate %, 3 YEAR
The compound 3-year growth rate calculated using the least squares = fit over=20 the latest two to three years=92 earnings per share on a running = 12-month basis.=20 Growth rate will be calculated only if there is a minimum of eight = trailing=20 4-quarter periods of positive earnings (uses a minimum of 11 quarters of = data).=20
 
-Katherine
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 18, 2002 = 7:01=20 AM
Subject: Re: [CANSLIM] = ANSI

Hi Katherine,
 
What I don't know is if IBD is also using the = regression=20 method. The only thing I ever saw confirmed is that they use only a 3 = year=20 period, while DGO uses up to 5 years when available.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Sunday, August 18, 2002 7:57 AM
Subject: Re: [CANSLIM] ANSI

Hermann & Tom,
 
No mystery, just need to know the definition, this one from the=20 DailyGraph help files (highlighting is mine). The regression approach = is the=20 reason why a back of the envelope check doesn't always appear to match = their=20 numbers.
 
Earnings Growth Rate %

This item is calculated by using a least = squares=20 regression fit over a 3-to-5 year period of earnings per share based = on a=20 trailing four-quarter count. For example, if a stock is = currently=20 in its second quarter, the first period used in this calculation will = consist=20 of the sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the = prior=20 fiscal year). Each successive period will be based on the next = trailing four=20 quarters of earnings per share.

The amount of time used to = calculate=20 the Growth Rate is based on two factors;=20

  • Availability of data=20
  • Positive earnings
If a stock does not have at least three years of positive = earnings (based=20 on the trailing four-quarter method noted above), an "N/A" will = appear.=20

The amount of time used for this calculation will consist of = at least=20 three years but no more than five years of positive earnings per = share. If a=20 four-quarter period sum is negative, that period and additional = earnings=20 further back in time, will not be used in the calculation of this data = item.=20

--Katherine
 
----- Original Message -----=20
From: "Tom Worley" <stkguru@bellsouth.net>
=
To: <canslim@lists.xmission.com= >
Sent: Sunday, August 18, 2002 6:40 AM
Subject: Re: [CANSLIM] ANSI

| Sorry, Hermann, I could have explained better. In = 1998, ANSI=20 earned 30
| cents. So from 1998 thru last year, earnings declined = from 30=20 cents to 21
| cents. That's a 30% decline. Annualized would be = less, so I=20 can't explain
| the -27%.  You should note that IBD uses a 3 = year=20 cycle, while DGO (where
| the growth rate shows as +4%) uses 5 = years.
|=20
| ----- Original Message -----
| From: "Hermann Ertl" <hertl@attglobal.net>
| = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
|=20 Sent: Sunday, August 18, 2002 2:14 AM
| Subject: Re: [CANSLIM] = ANSI
|=20
|
| > From: "Tom Worley" <stkguru@bellsouth.net>
| = >=20 Date: Sat, 17 Aug 2002 10:00:20 -0400
| >
| > Jack, a good = example=20 of how you have to be careful with "calculated" long
| > term=20 statistics. In this case, ANSI earned (by DGO's adjusted
|=20 calculations)
| > a total of 75 cents in 1999, then dropped to 9 = cents=20 in 2000 and 21 cents
| in
| > 2001. So 2001 looks good by = comparison,=20 but lousy on a 3 year basis. On
| the
| > other hand, the = forecasts=20 of 51 cents this year and 77 cents next year
| > continue the = short term=20 trend higher at a rate that well exceeds market
| > norms.
|=20 >
| > ----- Original Message -----
| > From: "Jack = Tencza"=20 <jtenz@yahoo.com>
| = > Sent:=20 Saturday, August 17, 2002 9:34 AM
| >
| >
| > IBD = vital=20 statistics shows ANSI's 3 yr. EPS at -27%.
| > Am I correct in = assuming=20 this is a straight line
| > calculation? If it was $1.00 3 yrs. = ago,=20 today it's
| > .73?
|
|
|
| Tom, your data do not = explain, "3 yr. EPS at -27%."
| In order to calculate a three year = trend=20 (Jack says, "3 yrs. ago")
| one needs data for four years - you = supplied=20 only data for three
| years.
|
| If you supply data for four = years=20 we may can figure out the answer
| to Jack's question how the three = year=20 trend is calculated, or do
| you know?
|
| Maybe the problem = lies=20 somewhere else. Maybe quarterly results were
| used.
|
| =
|
|=20
|
| -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_00CC_01C24686.596CCDE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 05:11:29 -0700 (PDT) Good morning all. Good to see others up so early too. Tom, thanks for your answer yesterday. Based on your 1999-2003 I calculated that 1998 EPS should be around .30. However, I couldn't confirm it. Moneycentral.msn did not have the data in their 10 year financial summary, at least for non-subscribers. I'm going to call IBD on Monday. I'm not sure why this "hunt for an answer" is so important to me but something to do while watching some PGA yesterday. Jack --- Tom Worley wrote: > Hi Katherine, > > What I don't know is if IBD is also using the > regression method. The only thing I ever saw > confirmed is that they use only a 3 year period, > while DGO uses up to 5 years when available. > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 7:57 AM > Subject: Re: [CANSLIM] ANSI > > > Hermann & Tom, > > No mystery, just need to know the definition, this > one from the DailyGraph help files (highlighting is > mine). The regression approach is the reason why a > back of the envelope check doesn't always appear to > match their numbers. > > Earnings Growth Rate % > This item is calculated by using a least squares > regression fit over a 3-to-5 year period of earnings > per share based on a trailing four-quarter count. > For example, if a stock is currently in its second > quarter, the first period used in this calculation > will consist of the sum of Q2 + Q1 (of the current > fiscal year) plus Q4 +Q3 (of the prior fiscal year). > Each successive period will be based on the next > trailing four quarters of earnings per share. > > The amount of time used to calculate the Growth Rate > is based on two factors; > > a.. Availability of data > b.. Positive earnings > If a stock does not have at least three years of > positive earnings (based on the trailing > four-quarter method noted above), an "N/A" will > appear. > > The amount of time used for this calculation will > consist of at least three years but no more than > five years of positive earnings per share. If a > four-quarter period sum is negative, that period and > additional earnings further back in time, will not > be used in the calculation of this data item. > > --Katherine > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Sunday, August 18, 2002 6:40 AM > Subject: Re: [CANSLIM] ANSI > > > | Sorry, Hermann, I could have explained better. In > 1998, ANSI earned 30 > | cents. So from 1998 thru last year, earnings > declined from 30 cents to 21 > | cents. That's a 30% decline. Annualized would be > less, so I can't explain > | the -27%. You should note that IBD uses a 3 year > cycle, while DGO (where > | the growth rate shows as +4%) uses 5 years. > | > | ----- Original Message ----- > | From: "Hermann Ertl" > | To: > | Sent: Sunday, August 18, 2002 2:14 AM > | Subject: Re: [CANSLIM] ANSI > | > | > | > From: "Tom Worley" > | > Date: Sat, 17 Aug 2002 10:00:20 -0400 > | > > | > Jack, a good example of how you have to be > careful with "calculated" long > | > term statistics. In this case, ANSI earned (by > DGO's adjusted > | calculations) > | > a total of 75 cents in 1999, then dropped to 9 > cents in 2000 and 21 cents > | in > | > 2001. So 2001 looks good by comparison, but > lousy on a 3 year basis. On > | the > | > other hand, the forecasts of 51 cents this year > and 77 cents next year > | > continue the short term trend higher at a rate > that well exceeds market > | > norms. > | > > | > ----- Original Message ----- > | > From: "Jack Tencza" > | > Sent: Saturday, August 17, 2002 9:34 AM > | > > | > > | > IBD vital statistics shows ANSI's 3 yr. EPS at > -27%. > | > Am I correct in assuming this is a straight line > | > calculation? If it was $1.00 3 yrs. ago, today > it's > | > .73? > | > | > | > | Tom, your data do not explain, "3 yr. EPS at > -27%." > | In order to calculate a three year trend (Jack > says, "3 yrs. ago") > | one needs data for four years - you supplied only > data for three > | years. > | > | If you supply data for four years we may can > figure out the answer > | to Jack's question how the three year trend is > calculated, or do > | you know? > | > | Maybe the problem lies somewhere else. Maybe > quarterly results were > | used. > | > | > | > | > | > | - > | -To subscribe/unsubscribe, email > "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your > email. > | > | > | > | > | - > | -To subscribe/unsubscribe, email > "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your > email. > ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 05:15:39 -0700 (PDT) Holy Cow! Katherine thanks. Seems like I remember seeing this somewhere. Where did you find this in IBD help? Jack --- Katherine Malm wrote: > Morning Tom, > > Yes, they use the same methodology. I recalled we've > discussed the 3 vs 5 yr difference between IBD and > DGO data on the list recently, so didn't mention > that specifically. Here's the IBD definition from > their help files: > > EPS Growth Rate %, 3 YEAR > The compound 3-year growth rate calculated using the > least squares fit over the latest two to three > years' earnings per share on a running 12-month > basis. Growth rate will be calculated only if there > is a minimum of eight trailing 4-quarter periods of > positive earnings (uses a minimum of 11 quarters of > data). > > -Katherine > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 7:01 AM > Subject: Re: [CANSLIM] ANSI > > > Hi Katherine, > > What I don't know is if IBD is also using the > regression method. The only thing I ever saw > confirmed is that they use only a 3 year period, > while DGO uses up to 5 years when available. > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 7:57 AM > Subject: Re: [CANSLIM] ANSI > > > Hermann & Tom, > > No mystery, just need to know the definition, this > one from the DailyGraph help files (highlighting is > mine). The regression approach is the reason why a > back of the envelope check doesn't always appear to > match their numbers. > > Earnings Growth Rate % > This item is calculated by using a least squares > regression fit over a 3-to-5 year period of earnings > per share based on a trailing four-quarter count. > For example, if a stock is currently in its second > quarter, the first period used in this calculation > will consist of the sum of Q2 + Q1 (of the current > fiscal year) plus Q4 +Q3 (of the prior fiscal year). > Each successive period will be based on the next > trailing four quarters of earnings per share. > > The amount of time used to calculate the Growth > Rate is based on two factors; > > a.. Availability of data > b.. Positive earnings > If a stock does not have at least three years of > positive earnings (based on the trailing > four-quarter method noted above), an "N/A" will > appear. > > The amount of time used for this calculation will > consist of at least three years but no more than > five years of positive earnings per share. If a > four-quarter period sum is negative, that period and > additional earnings further back in time, will not > be used in the calculation of this data item. > > --Katherine > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Sunday, August 18, 2002 6:40 AM > Subject: Re: [CANSLIM] ANSI > > > | Sorry, Hermann, I could have explained better. > In 1998, ANSI earned 30 > | cents. So from 1998 thru last year, earnings > declined from 30 cents to 21 > | cents. That's a 30% decline. Annualized would be > less, so I can't explain > | the -27%. You should note that IBD uses a 3 > year cycle, while DGO (where > | the growth rate shows as +4%) uses 5 years. > | > | ----- Original Message ----- > | From: "Hermann Ertl" > | To: > | Sent: Sunday, August 18, 2002 2:14 AM > | Subject: Re: [CANSLIM] ANSI > | > | > | > From: "Tom Worley" > | > Date: Sat, 17 Aug 2002 10:00:20 -0400 > | > > | > Jack, a good example of how you have to be > careful with "calculated" long > | > term statistics. In this case, ANSI earned (by > DGO's adjusted > | calculations) > | > a total of 75 cents in 1999, then dropped to 9 > cents in 2000 and 21 cents > | in > | > 2001. So 2001 looks good by comparison, but > lousy on a 3 year basis. On > | the > | > other hand, the forecasts of 51 cents this > year and 77 cents next year > | > continue the short term trend higher at a rate > that well exceeds market > | > norms. > | > > | > ----- Original Message ----- > | > From: "Jack Tencza" > | > Sent: Saturday, August 17, 2002 9:34 AM > | > > | > > | > IBD vital statistics shows ANSI's 3 yr. EPS at > -27%. > | > Am I correct in assuming this is a straight > line > | > calculation? If it was $1.00 3 yrs. ago, today > it's > | > .73? > | > | > | > | Tom, your data do not explain, "3 yr. EPS at > -27%." > | In order to calculate a three year trend (Jack > says, "3 yrs. ago") > | one needs data for four years - you supplied > only data for three > | years. > | > | If you supply data for four years we may can > figure out the answer > | to Jack's question how the three year trend is > calculated, or do > | you know? > | > | Maybe the problem lies somewhere else. Maybe > quarterly results were > | used. > | > | > | > | > | > | - > | -To subscribe/unsubscribe, email > "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in > your email. > | > | > | > | > | - > | -To subscribe/unsubscribe, email > "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in > your email. > ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] ANSI Date: 18 Aug 2002 07:25:13 -0500 Hi Jack, Yes, copied the definition in the help files at IBD. Click on the Stock Checkup for ANSI (or any stock) and there is a small gray rectangular "Help" button to the top right. There's a glossary of terms, etc. Same is true for DailyGraphs Online, where they have a complete Help file available from the menu selections. Katherine ----- Original Message ----- Sent: Sunday, August 18, 2002 7:15 AM | Holy Cow! Katherine thanks. Seems like I remember | seeing this somewhere. Where did you find this in IBD | help? | | Jack | --- Katherine Malm wrote: | > Morning Tom, | > | > Yes, they use the same methodology. I recalled we've | > discussed the 3 vs 5 yr difference between IBD and | > DGO data on the list recently, so didn't mention | > that specifically. Here's the IBD definition from | > their help files: | > | > EPS Growth Rate %, 3 YEAR | > The compound 3-year growth rate calculated using the | > least squares fit over the latest two to three | > years' earnings per share on a running 12-month | > basis. Growth rate will be calculated only if there | > is a minimum of eight trailing 4-quarter periods of | > positive earnings (uses a minimum of 11 quarters of | > data). | > | > -Katherine | > ----- Original Message ----- | > From: Tom Worley | > To: canslim@lists.xmission.com | > Sent: Sunday, August 18, 2002 7:01 AM | > Subject: Re: [CANSLIM] ANSI | > | > | > Hi Katherine, | > | > What I don't know is if IBD is also using the | > regression method. The only thing I ever saw | > confirmed is that they use only a 3 year period, | > while DGO uses up to 5 years when available. | > | > ----- Original Message ----- | > From: Katherine Malm | > To: canslim@lists.xmission.com | > Sent: Sunday, August 18, 2002 7:57 AM | > Subject: Re: [CANSLIM] ANSI | > | > | > Hermann & Tom, | > | > No mystery, just need to know the definition, this | > one from the DailyGraph help files (highlighting is | > mine). The regression approach is the reason why a | > back of the envelope check doesn't always appear to | > match their numbers. | > | > Earnings Growth Rate % | > This item is calculated by using a least squares | > regression fit over a 3-to-5 year period of earnings | > per share based on a trailing four-quarter count. | > For example, if a stock is currently in its second | > quarter, the first period used in this calculation | > will consist of the sum of Q2 + Q1 (of the current | > fiscal year) plus Q4 +Q3 (of the prior fiscal year). | > Each successive period will be based on the next | > trailing four quarters of earnings per share. | > | > The amount of time used to calculate the Growth | > Rate is based on two factors; | > | > a.. Availability of data | > b.. Positive earnings | > If a stock does not have at least three years of | > positive earnings (based on the trailing | > four-quarter method noted above), an "N/A" will | > appear. | > | > The amount of time used for this calculation will | > consist of at least three years but no more than | > five years of positive earnings per share. If a | > four-quarter period sum is negative, that period and | > additional earnings further back in time, will not | > be used in the calculation of this data item. | > | > --Katherine | > | > ----- Original Message ----- | > From: "Tom Worley" | > To: | > Sent: Sunday, August 18, 2002 6:40 AM | > Subject: Re: [CANSLIM] ANSI | > | > | > | Sorry, Hermann, I could have explained better. | > In 1998, ANSI earned 30 | > | cents. So from 1998 thru last year, earnings | > declined from 30 cents to 21 | > | cents. That's a 30% decline. Annualized would be | > less, so I can't explain | > | the -27%. You should note that IBD uses a 3 | > year cycle, while DGO (where | > | the growth rate shows as +4%) uses 5 years. | > | | > | ----- Original Message ----- | > | From: "Hermann Ertl" | > | To: | > | Sent: Sunday, August 18, 2002 2:14 AM | > | Subject: Re: [CANSLIM] ANSI | > | | > | | > | > From: "Tom Worley" | > | > Date: Sat, 17 Aug 2002 10:00:20 -0400 | > | > | > | > Jack, a good example of how you have to be | > careful with "calculated" long | > | > term statistics. In this case, ANSI earned (by | > DGO's adjusted | > | calculations) | > | > a total of 75 cents in 1999, then dropped to 9 | > cents in 2000 and 21 cents | > | in | > | > 2001. So 2001 looks good by comparison, but | > lousy on a 3 year basis. On | > | the | > | > other hand, the forecasts of 51 cents this | > year and 77 cents next year | > | > continue the short term trend higher at a rate | > that well exceeds market | > | > norms. | > | > | > | > ----- Original Message ----- | > | > From: "Jack Tencza" | > | > Sent: Saturday, August 17, 2002 9:34 AM | > | > | > | > | > | > IBD vital statistics shows ANSI's 3 yr. EPS at | > -27%. | > | > Am I correct in assuming this is a straight | > line | > | > calculation? If it was $1.00 3 yrs. ago, today | > it's | > | > .73? | > | | > | | > | | > | Tom, your data do not explain, "3 yr. EPS at | > -27%." | > | In order to calculate a three year trend (Jack | > says, "3 yrs. ago") | > | one needs data for four years - you supplied | > only data for three | > | years. | > | | > | If you supply data for four years we may can | > figure out the answer | > | to Jack's question how the three year trend is | > calculated, or do | > | you know? | > | | > | Maybe the problem lies somewhere else. Maybe | > quarterly results were | > | used. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: [CANSLIM] David Ryan Date: 18 Aug 2002 09:33:18 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0034_01C2469A.495D14A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Anyone know the whereabouts or whatabouts of David Ryan? I do recall = that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_0034_01C2469A.495D14A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Anyone know the whereabouts or = whatabouts of David=20 Ryan? I do recall that he and WON started a mutual fund several years = ago that=20 had mediocre performance and that was bought out by a fund family. Does = he still=20 manage money these days and if so, anyone aware of a track = record?
 
Jon
------=_NextPart_000_0034_01C2469A.495D14A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] David Ryan Date: 18 Aug 2002 09:39:12 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0116_01C2469B.1BFFF670 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I heard he and WON parted ways after the mutual fund fell flat on its = face. I think he is still in the industry, but don't know where. Wasn't = impressed with his performance running the fund, nor some of his = decision making, so had no further interest in his performance. ----- Original Message -----=20 Sent: Sunday, August 18, 2002 9:33 AM Anyone know the whereabouts or whatabouts of David Ryan? I do recall = that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_0116_01C2469B.1BFFF670 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I heard he and WON parted ways after the mutual = fund fell=20 flat on its face. I think he is still in the industry, but don't know = where.=20 Wasn't impressed with his performance running the fund, nor some of his = decision=20 making, so had no further interest in his performance.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Sunday, August 18, 2002 9:33 AM
Subject: [CANSLIM] David Ryan

Anyone know the whereabouts or = whatabouts of David=20 Ryan? I do recall that he and WON started a mutual fund several years = ago that=20 had mediocre performance and that was bought out by a fund family. Does = he still=20 manage money these days and if so, anyone aware of a track = record?
 
Jon
------=_NextPart_000_0116_01C2469B.1BFFF670-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] David Ryan Date: 18 Aug 2002 09:45:54 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0049_01C2469C.0BE22E10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, Interesting that a guy who was apparently brilliantly successful earlier = failed miserably as a fund manager. Do you think it was a result of = unfavorable market conditions or did he stray from CANSLIM, or was it = something else? ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 9:39 AM Subject: Re: [CANSLIM] David Ryan I heard he and WON parted ways after the mutual fund fell flat on its = face. I think he is still in the industry, but don't know where. Wasn't = impressed with his performance running the fund, nor some of his = decision making, so had no further interest in his performance. ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 9:33 AM Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do recall = that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_0049_01C2469C.0BE22E10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
Interesting that a guy who was = apparently=20 brilliantly successful earlier failed miserably as a fund manager. Do = you think=20 it was a result of unfavorable market conditions or did he stray from = CANSLIM,=20 or was it something else?
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 18, 2002 = 9:39=20 AM
Subject: Re: [CANSLIM] David = Ryan

I heard he and WON parted ways after the = mutual fund=20 fell flat on its face. I think he is still in the industry, but don't = know=20 where. Wasn't impressed with his performance running the fund, nor = some of his=20 decision making, so had no further interest in his = performance.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Sunday, August 18, 2002 9:33 AM
Subject: [CANSLIM] David Ryan

Anyone know the whereabouts or = whatabouts of=20 David Ryan? I do recall that he and WON started a mutual fund several = years=20 ago that had mediocre performance and that was bought out by a fund = family.=20 Does he still manage money these days and if so, anyone aware of a = track=20 record?
 
Jon
------=_NextPart_000_0049_01C2469C.0BE22E10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] David Ryan Date: 18 Aug 2002 10:06:31 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_013B_01C2469E.ED3A1920 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I was watching the fund fairly closely at the time, as I had put a = number of clients into it that wanted to do CANSLIM, but were = uncomfortable with individual stocks. I saw several factors, not the least of which was the authorized = structure of the fund. The fund could not short, but could be as much as 50% cash. Ryan stayed = in cash to the max during several critical rallies, and got left behind. I worked at the time for a broker dealer where we paid for live picks = from WON and his team. I felt Ryan was diverging from what I was seeing = from WON, who was leaning more towards larger cap stocks, and being = fully invested. Ryan didn't seem to believe the market was going to move = higher, held cash (rather than invest it defensively), and seemed = lukewarm on growth stocks. To me at the time, seemed to be a lack of = confidence and indecision. Ryan's claim to fame was three time winner of a national investing = contest. That is not the same as running a mutual fund. I know I have = learned a lot about managing a mutual fund from my VR Fund. ----- Original Message -----=20 Sent: Sunday, August 18, 2002 9:45 AM Tom, Interesting that a guy who was apparently brilliantly successful earlier = failed miserably as a fund manager. Do you think it was a result of = unfavorable market conditions or did he stray from CANSLIM, or was it = something else? ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 9:39 AM Subject: Re: [CANSLIM] David Ryan I heard he and WON parted ways after the mutual fund fell flat on its = face. I think he is still in the industry, but don't know where. Wasn't = impressed with his performance running the fund, nor some of his = decision making, so had no further interest in his performance. ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 9:33 AM Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do recall = that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_013B_01C2469E.ED3A1920 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I was watching the fund fairly closely at the = time, as I=20 had put a number of clients into it that wanted to do CANSLIM, but were=20 uncomfortable with individual stocks.
 
I saw several factors, not the least of which = was the=20 authorized structure of the fund.
 
The fund could not short, but could be as much = as 50%=20 cash.  Ryan stayed in cash to the max during several critical = rallies, and=20 got left behind.
 
I worked at the time for a broker dealer where = we paid for=20 live picks from WON and his team. I felt Ryan was diverging from what I = was=20 seeing from WON, who was leaning more towards larger cap stocks, and = being fully=20 invested. Ryan didn't seem to believe the market was going to move = higher, held=20 cash (rather than invest it defensively), and seemed lukewarm on growth = stocks.=20 To me at the time, seemed to be a lack of confidence and=20 indecision.
 
Ryan's claim to fame was three time winner of a = national=20 investing contest. That is not the same as running a mutual fund. I know = I have=20 learned a lot about managing a mutual fund from my VR Fund.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Sunday, August 18, 2002 9:45 AM
Subject: Re: [CANSLIM] David Ryan

Tom,
 
Interesting that a guy who was = apparently=20 brilliantly successful earlier failed miserably as a fund manager. Do = you think=20 it was a result of unfavorable market conditions or did he stray from = CANSLIM,=20 or was it something else?
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 18, 2002 = 9:39=20 AM
Subject: Re: [CANSLIM] David = Ryan

I heard he and WON parted ways after the = mutual fund=20 fell flat on its face. I think he is still in the industry, but don't = know=20 where. Wasn't impressed with his performance running the fund, nor = some of his=20 decision making, so had no further interest in his = performance.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Sunday, August 18, 2002 9:33 AM
Subject: [CANSLIM] David Ryan

Anyone know the whereabouts or = whatabouts of=20 David Ryan? I do recall that he and WON started a mutual fund several = years=20 ago that had mediocre performance and that was bought out by a fund = family.=20 Does he still manage money these days and if so, anyone aware of a = track=20 record?
 
Jon
------=_NextPart_000_013B_01C2469E.ED3A1920-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] WON quotes Date: 18 Aug 2002 11:35:34 -0400 I thought you all might like to read two quotes from HTMMIS, which I am going to put up on my wall for inspiration: Successful people make many mistakes, but their success is due to hard work, not luck. They just try harder and more often than the average person. There aren't many overnight successes; success takes time. If you get discouraged, don't ever give up. Go back and put in some detailed extra effort. It's always the study and learning time you put in after nine to five, Monday through Friday, that ultimately makes the difference between winning and reaching your goals or missing out on truly great (and profitable!) opportunities. --William J. O'Neil Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Case Study Date: 18 Aug 2002 11:12:46 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0105_01C246A8.2E0450C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi All, Just thought I'd pass on a recent example that demonstrates the = following points: (1) Fundamental screening based on past performance doesn't always "tell = the tale" (2) Technicals always lead to the downside (3) It pays to perform due diligence (4) Never be tempted to enter a stock while it is still basing Here are the stats aside from the technical condition: EPS =3D 92, SMR =3D A, EPS Growth rate (historical) =3D 61%, Composite = rating =3D 82, ROE =3D 21%, Debt =3D 0%. Sounds good, doesn't it? Now, take a look at a chart of PLMD. When you're finished, read this passage excerpted from their 10Q filed = this week: Item 13 Under "Notes to Consolidated Financial Statements" (Highlighting = is mine) . ... The regulations that govern Medicare reimbursement are complex and = our compliance with those regulations may be reviewed by federal = agencies, including the Department of Health and Human Services, the = Department of Justice ("DOJ"), and the Food and Drug Administration = ("FDA"). The U.S. Attorney's Office for the Southern District of = Florida, with the assistance of the Federal Bureau of Investigation = ("FBI") and Department of Health & Human Services' Office of Inspector = General ("OIG"), is investigating allegations of healthcare fraud, = improper revenue recognition and obstruction of justice by PolyMedica. = Both civil and criminal investigations are being conducted. We are = cooperating with the investigations. We cannot accurately predict the = outcome of these proceedings at this time, and have therefore not = recorded any charges relating to their outcome.=20 We and three individuals who are or were officers are defendants in a = lawsuit alleging violations of certain sections and rules of the = Securities Exchange Act of 1934 (the "Exchange Act"). In addition, there = is a derivative action against the directors and two individuals who are = or were officers in Massachusetts state court alleging certain breaches = of fiduciary duty. We, the named individuals, and the Board of Directors = believe that we have meritorious defenses to the claims made against us = in the actions in which we are defendants and intend to contest the = claims vigorously. Although we do not consider an unfavorable outcome to = the various claims probable, we cannot accurately predict their ultimate = disposition, and have therefore not recorded any charges related to = their outcome. An unfavorable outcome could have a material effect on = our financial position and results of operations. Please see Item 1 of = Part II, Legal Proceedings, for a more complete description of these = claims.=20 If any of these investigations results in a determination that we have = failed to comply with the regulations governing Medicare reimbursement = or financial reporting or have otherwise committed healthcare fraud or = securities law violations, we could be subject to delays or loss of = reimbursement, substantial fines or penalties, and other sanctions. An = adverse determination could have a material effect on our financial = position and results of operations.=20 (ref: = http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D0000950135= -02-003770) Add to that a sudden resignation of their CEO at the beginning of the = month. --Katherine ------=_NextPart_000_0105_01C246A8.2E0450C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi All,
 
Just thought I'd pass on a recent example that demonstrates the = following=20 points:
 
(1) Fundamental screening based on past performance doesn't always = "tell=20 the tale"
(2) Technicals always lead to the downside
(3) It pays to perform due diligence
(4) Never be tempted to enter a stock while it is still = basing
 
Here are the stats aside from the technical condition:
EPS =3D 92, SMR =3D A, EPS Growth rate (historical) =3D 61%, = Composite rating =3D=20 82, ROE =3D 21%, Debt =3D 0%.
 
Sounds good, doesn't it? Now, take a look at a chart of PLMD.
 
When you're finished, read this passage excerpted from their 10Q = filed this=20 week:

Item 13 Under "Notes to Consolidated Financial Statements" = (Highlighting is=20 mine)

. ... The regulations that govern Medicare reimbursement are = complex and=20 our compliance with those regulations may be reviewed by federal = agencies,=20 including the Department of Health and Human Services, the Department of = Justice=20 ("DOJ"), and the Food and Drug Administration ("FDA"). The U.S. = Attorney's=20 Office for the Southern District of Florida, with the assistance of the = Federal=20 Bureau of Investigation ("FBI") and Department of Health & Human = Services'=20 Office of Inspector General ("OIG"), is = investigating=20 allegations of healthcare fraud, improper revenue recognition and = obstruction of=20 justice by PolyMedica. Both civil and criminal investigations are being=20 conducted. We are cooperating with the investigations. We = cannot=20 accurately predict the outcome of these proceedings at this time, and = have=20 therefore not recorded any charges relating to their outcome.=20

We and three individuals who are or were = officers are=20 defendants in a lawsuit alleging violations of certain sections and = rules of the=20 Securities Exchange Act of 1934 (the "Exchange Act"). In addition, there = is a=20 derivative action against the directors and two individuals who are or = were=20 officers in Massachusetts state court alleging certain breaches of = fiduciary=20 duty. We, the named individuals, and the Board of Directors = believe=20 that we have meritorious defenses to the claims made against us in the = actions=20 in which we are defendants and intend to contest the claims vigorously. = Although=20 we do not consider an unfavorable outcome to the various claims = probable, we=20 cannot accurately predict their ultimate disposition, and have therefore = not=20 recorded any charges related to their outcome. An unfavorable outcome = could have=20 a material effect on our financial position and results of operations. = Please=20 see Item 1 of Part II, Legal Proceedings, for a more complete = description of=20 these claims.=20

If any of these investigations results in a = determination that we have failed to comply with the regulations = governing=20 Medicare reimbursement or financial reporting or have otherwise = committed=20 healthcare fraud or securities law violations, we could be subject to = delays or=20 loss of reimbursement, substantial fines or penalties, and other = sanctions. An=20 adverse determination could have a material effect on our financial = position and=20 results of operations.

(ref: http://www.edgar-online.com/bin/edgardoc/finSys_main.= asp?dcn=3D0000950135-02-003770)

Add to that a sudden resignation of their CEO at the beginning of the = month.

--Katherine

------=_NextPart_000_0105_01C246A8.2E0450C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Case Study Date: 18 Aug 2002 12:14:30 -0500 Crimony! They got more troubles than freshmen at a fraternity hazing I guess no one noticed anything amiss on April 8th; what a spike! Norm ----- Original Message ----- Sent: Sunday, August 18, 2002 11:12 AM Hi All, Just thought I'd pass on a recent example that demonstrates the following points: (1) Fundamental screening based on past performance doesn't always "tell the tale" (2) Technicals always lead to the downside (3) It pays to perform due diligence (4) Never be tempted to enter a stock while it is still basing Here are the stats aside from the technical condition: EPS = 92, SMR = A, EPS Growth rate (historical) = 61%, Composite rating = 82, ROE = 21%, Debt = 0%. Sounds good, doesn't it? Now, take a look at a chart of PLMD. When you're finished, read this passage excerpted from their 10Q filed this week: Item 13 Under "Notes to Consolidated Financial Statements" (Highlighting is mine) . ... The regulations that govern Medicare reimbursement are complex and our compliance with those regulations may be reviewed by federal agencies, including the Department of Health and Human Services, the Department of Justice ("DOJ"), and the Food and Drug Administration ("FDA"). The U.S. Attorney's Office for the Southern District of Florida, with the assistance of the Federal Bureau of Investigation ("FBI") and Department of Health & Human Services' Office of Inspector General ("OIG"), is investigating allegations of healthcare fraud, improper revenue recognition and obstruction of justice by PolyMedica. Both civil and criminal investigations are being conducted. We are cooperating with the investigations. We cannot accurately predict the outcome of these proceedings at this time, and have therefore not recorded any charges relating to their outcome. We and three individuals who are or were officers are defendants in a lawsuit alleging violations of certain sections and rules of the Securities Exchange Act of 1934 (the "Exchange Act"). In addition, there is a derivative action against the directors and two individuals who are or were officers in Massachusetts state court alleging certain breaches of fiduciary duty. We, the named individuals, and the Board of Directors believe that we have meritorious defenses to the claims made against us in the actions in which we are defendants and intend to contest the claims vigorously. Although we do not consider an unfavorable outcome to the various claims probable, we cannot accurately predict their ultimate disposition, and have therefore not recorded any charges related to their outcome. An unfavorable outcome could have a material effect on our financial position and results of operations. Please see Item 1 of Part II, Legal Proceedings, for a more complete description of these claims. If any of these investigations results in a determination that we have failed to comply with the regulations governing Medicare reimbursement or financial reporting or have otherwise committed healthcare fraud or securities law violations, we could be subject to delays or loss of reimbursement, substantial fines or penalties, and other sanctions. An adverse determination could have a material effect on our financial position and results of operations. (ref: http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000950135-02-0 03770) Add to that a sudden resignation of their CEO at the beginning of the month. --Katherine - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Walter Wittesch" Subject: RE: [CANSLIM] David Ryan Date: 18 Aug 2002 11:38:08 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0000_01C246AB.B9B209C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Sunday, August 18, 2002 6:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do recall that he and WON started a mutual fund several years ago that had mediocre performance and that was bought out by a fund family. Does he still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_0000_01C246AB.B9B209C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ryan=20 Capital Management
100=20 Wilshire Blvd
Santa=20 Monica, CA 90401-1110
Phone=20 (310) 260-6805
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J.=20 Lobatto
Sent: Sunday, August 18, 2002 6:33 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] David=20 Ryan

Anyone know the whereabouts or = whatabouts of=20 David Ryan? I do recall that he and WON started a mutual fund several = years=20 ago that had mediocre performance and that was bought out by a fund = family.=20 Does he still manage money these days and if so, anyone aware of a = track=20 record?
 
Jon
------=_NextPart_000_0000_01C246AB.B9B209C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Case Study Date: 18 Aug 2002 14:56:18 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_016D_01C246C7.689A63E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I completely agree, Katherine, Due Diligence should always be a = necessary part of evaluating a stock prior to entry. On the other hand, = the SEC filings for 10Q and 10K must also spell out every possible = hazard and risk, much like a prospectus for an offering. What is not = mentioned here is that the SEC already investigated its financials, and = in April closed the investigation recommending no action.=20 So while there does appear to be a lot of smoke here, don't know if = there is a real fire. I think the confused chart shows that investors = don't know either, which is reason enough to stay away. In past filings, they indicated that it was their subsidiary Liberty = Medical Supply, located in Florida and targeting senior citizens with = diabetes, as the subject of the investigation. Don't know if it expanded = to the entire Polymedica corp now. ----- Original Message -----=20 Sent: Sunday, August 18, 2002 12:12 PM Hi All, Just thought I'd pass on a recent example that demonstrates the = following points: (1) Fundamental screening based on past performance doesn't always "tell = the tale" (2) Technicals always lead to the downside (3) It pays to perform due diligence (4) Never be tempted to enter a stock while it is still basing Here are the stats aside from the technical condition: EPS =3D 92, SMR =3D A, EPS Growth rate (historical) =3D 61%, Composite = rating =3D 82, ROE =3D 21%, Debt =3D 0%. Sounds good, doesn't it? Now, take a look at a chart of PLMD. When you're finished, read this passage excerpted from their 10Q filed = this week: Item 13 Under "Notes to Consolidated Financial Statements" (Highlighting = is mine)=20 . ... The regulations that govern Medicare reimbursement are complex and = our compliance with those regulations may be reviewed by federal = agencies, including the Department of Health and Human Services, the = Department of Justice ("DOJ"), and the Food and Drug Administration = ("FDA"). The U.S. Attorney's Office for the Southern District of = Florida, with the assistance of the Federal Bureau of Investigation = ("FBI") and Department of Health & Human Services' Office of Inspector = General ("OIG"), is investigating allegations of healthcare fraud, = improper revenue recognition and obstruction of justice by PolyMedica. = Both civil and criminal investigations are being conducted. We are = cooperating with the investigations. We cannot accurately predict the = outcome of these proceedings at this time, and have therefore not = recorded any charges relating to their outcome.=20 We and three individuals who are or were officers are defendants in a = lawsuit alleging violations of certain sections and rules of the = Securities Exchange Act of 1934 (the "Exchange Act"). In addition, there = is a derivative action against the directors and two individuals who are = or were officers in Massachusetts state court alleging certain breaches = of fiduciary duty. We, the named individuals, and the Board of Directors = believe that we have meritorious defenses to the claims made against us = in the actions in which we are defendants and intend to contest the = claims vigorously. Although we do not consider an unfavorable outcome to = the various claims probable, we cannot accurately predict their ultimate = disposition, and have therefore not recorded any charges related to = their outcome. An unfavorable outcome could have a material effect on = our financial position and results of operations. Please see Item 1 of = Part II, Legal Proceedings, for a more complete description of these = claims.=20 If any of these investigations results in a determination that we have = failed to comply with the regulations governing Medicare reimbursement = or financial reporting or have otherwise committed healthcare fraud or = securities law violations, we could be subject to delays or loss of = reimbursement, substantial fines or penalties, and other sanctions. An = adverse determination could have a material effect on our financial = position and results of operations.=20 (ref: = http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D0000950135= -02-003770)=20 Add to that a sudden resignation of their CEO at the beginning of the = month.=20 --Katherine ------=_NextPart_000_016D_01C246C7.689A63E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I completely agree, Katherine, Due Diligence = should always=20 be a necessary part of evaluating a stock prior to entry. On the other = hand, the=20 SEC filings for 10Q and 10K must also spell out every possible hazard = and risk,=20 much like a prospectus for an offering. What is not mentioned here is = that the=20 SEC already investigated its financials, and in April closed the = investigation=20 recommending no action.
 
So while there does appear to be a lot of smoke = here,=20 don't know if there is a real fire. I think the confused chart shows = that=20 investors don't know either, which is reason enough to stay = away.
 
In past filings, they indicated that it was = their=20 subsidiary Liberty Medical Supply, located in Florida and targeting = senior=20 citizens with diabetes, as the subject of the investigation. Don't know = if it=20 expanded to the entire Polymedica corp now.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Sunday, August 18, 2002 12:12 PM
Subject: [CANSLIM] Case Study

Hi All,
 
Just thought I'd pass on a recent example that demonstrates the = following=20 points:
 
(1) Fundamental screening based on past performance doesn't always = "tell=20 the tale"
(2) Technicals always lead to the downside
(3) It pays to perform due diligence
(4) Never be tempted to enter a stock while it is still = basing
 
Here are the stats aside from the technical condition:
EPS =3D 92, SMR =3D A, EPS Growth rate (historical) =3D 61%, = Composite rating =3D=20 82, ROE =3D 21%, Debt =3D 0%.
 
Sounds good, doesn't it? Now, take a look at a chart of PLMD.
 
When you're finished, read this passage excerpted from their 10Q = filed this=20 week:

Item 13 Under "Notes to Consolidated Financial Statements" = (Highlighting is=20 mine)=20

. ... The regulations that govern Medicare reimbursement are = complex and=20 our compliance with those regulations may be reviewed by federal = agencies,=20 including the Department of Health and Human Services, the Department of = Justice=20 ("DOJ"), and the Food and Drug Administration ("FDA"). The U.S. = Attorney's=20 Office for the Southern District of Florida, with the assistance of the = Federal=20 Bureau of Investigation ("FBI") and Department of Health & Human = Services'=20 Office of Inspector General ("OIG"), is = investigating=20 allegations of healthcare fraud, improper revenue recognition and = obstruction of=20 justice by PolyMedica. Both civil and criminal investigations are being=20 conducted. We are cooperating with the investigations. We = cannot=20 accurately predict the outcome of these proceedings at this time, and = have=20 therefore not recorded any charges relating to their outcome.=20

We and three individuals who are or were = officers are=20 defendants in a lawsuit alleging violations of certain sections and = rules of the=20 Securities Exchange Act of 1934 (the "Exchange Act"). In addition, there = is a=20 derivative action against the directors and two individuals who are or = were=20 officers in Massachusetts state court alleging certain breaches of = fiduciary=20 duty. We, the named individuals, and the Board of Directors = believe=20 that we have meritorious defenses to the claims made against us in the = actions=20 in which we are defendants and intend to contest the claims vigorously. = Although=20 we do not consider an unfavorable outcome to the various claims = probable, we=20 cannot accurately predict their ultimate disposition, and have therefore = not=20 recorded any charges related to their outcome. An unfavorable outcome = could have=20 a material effect on our financial position and results of operations. = Please=20 see Item 1 of Part II, Legal Proceedings, for a more complete = description of=20 these claims.=20

If any of these investigations results in a = determination that we have failed to comply with the regulations = governing=20 Medicare reimbursement or financial reporting or have otherwise = committed=20 healthcare fraud or securities law violations, we could be subject to = delays or=20 loss of reimbursement, substantial fines or penalties, and other = sanctions. An=20 adverse determination could have a material effect on our financial = position and=20 results of operations.

(ref: http://www.edgar-online.com/bin/edgardoc/finSys_main.= asp?dcn=3D0000950135-02-003770)=20

Add to that a sudden resignation of their CEO at the beginning of the = month.=20

--Katherine

------=_NextPart_000_016D_01C246C7.689A63E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Case Study Date: 18 Aug 2002 14:13:23 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0159_01C246C1.69C5D340 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, Take another look. The charges as outlined in the SEC filing also speak = to criminal/civil charges. This is distinct from any SEC investigation. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 1:56 PM Subject: Re: [CANSLIM] Case Study I completely agree, Katherine, Due Diligence should always be a = necessary part of evaluating a stock prior to entry. On the other hand, = the SEC filings for 10Q and 10K must also spell out every possible = hazard and risk, much like a prospectus for an offering. What is not = mentioned here is that the SEC already investigated its financials, and = in April closed the investigation recommending no action.=20 So while there does appear to be a lot of smoke here, don't know if = there is a real fire. I think the confused chart shows that investors = don't know either, which is reason enough to stay away. In past filings, they indicated that it was their subsidiary Liberty = Medical Supply, located in Florida and targeting senior citizens with = diabetes, as the subject of the investigation. Don't know if it expanded = to the entire Polymedica corp now. ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 18, 2002 12:12 PM Subject: [CANSLIM] Case Study Hi All, Just thought I'd pass on a recent example that demonstrates the = following points: (1) Fundamental screening based on past performance doesn't always = "tell the tale" (2) Technicals always lead to the downside (3) It pays to perform due diligence (4) Never be tempted to enter a stock while it is still basing Here are the stats aside from the technical condition: EPS =3D 92, SMR =3D A, EPS Growth rate (historical) =3D 61%, Composite = rating =3D 82, ROE =3D 21%, Debt =3D 0%. Sounds good, doesn't it? Now, take a look at a chart of PLMD. When you're finished, read this passage excerpted from their 10Q filed = this week: Item 13 Under "Notes to Consolidated Financial Statements" = (Highlighting is mine)=20 . ... The regulations that govern Medicare reimbursement are complex = and our compliance with those regulations may be reviewed by federal = agencies, including the Department of Health and Human Services, the = Department of Justice ("DOJ"), and the Food and Drug Administration = ("FDA"). The U.S. Attorney's Office for the Southern District of = Florida, with the assistance of the Federal Bureau of Investigation = ("FBI") and Department of Health & Human Services' Office of Inspector = General ("OIG"), is investigating allegations of healthcare fraud, = improper revenue recognition and obstruction of justice by PolyMedica. = Both civil and criminal investigations are being conducted. We are = cooperating with the investigations. We cannot accurately predict the = outcome of these proceedings at this time, and have therefore not = recorded any charges relating to their outcome.=20 We and three individuals who are or were officers are defendants in a = lawsuit alleging violations of certain sections and rules of the = Securities Exchange Act of 1934 (the "Exchange Act"). In addition, there = is a derivative action against the directors and two individuals who are = or were officers in Massachusetts state court alleging certain breaches = of fiduciary duty. We, the named individuals, and the Board of Directors = believe that we have meritorious defenses to the claims made against us = in the actions in which we are defendants and intend to contest the = claims vigorously. Although we do not consider an unfavorable outcome to = the various claims probable, we cannot accurately predict their ultimate = disposition, and have therefore not recorded any charges related to = their outcome. An unfavorable outcome could have a material effect on = our financial position and results of operations. Please see Item 1 of = Part II, Legal Proceedings, for a more complete description of these = claims.=20 If any of these investigations results in a determination that we have = failed to comply with the regulations governing Medicare reimbursement = or financial reporting or have otherwise committed healthcare fraud or = securities law violations, we could be subject to delays or loss of = reimbursement, substantial fines or penalties, and other sanctions. An = adverse determination could have a material effect on our financial = position and results of operations.=20 (ref: = http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=3D0000950135= -02-003770)=20 Add to that a sudden resignation of their CEO at the beginning of the = month.=20 --Katherine ------=_NextPart_000_0159_01C246C1.69C5D340 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
Take another look. The charges as outlined in the SEC filing also = speak to=20 criminal/civil charges. This is distinct from any SEC = investigation.
 
Katherine
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, August 18, 2002 = 1:56=20 PM
Subject: Re: [CANSLIM] Case = Study

I completely agree, Katherine, Due Diligence = should=20 always be a necessary part of evaluating a stock prior to entry. On = the other=20 hand, the SEC filings for 10Q and 10K must also spell out every = possible=20 hazard and risk, much like a prospectus for an offering. What is not = mentioned=20 here is that the SEC already investigated its financials, and in April = closed=20 the investigation recommending no action.
 
So while there does appear to be a lot of = smoke here,=20 don't know if there is a real fire. I think the confused chart shows = that=20 investors don't know either, which is reason enough to stay = away.
 
In past filings, they indicated that it was = their=20 subsidiary Liberty Medical Supply, located in Florida and targeting = senior=20 citizens with diabetes, as the subject of the investigation. Don't = know if it=20 expanded to the entire Polymedica corp now.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Sunday, August 18, 2002 12:12 PM
Subject: [CANSLIM] Case Study

Hi All,
 
Just thought I'd pass on a recent example that demonstrates the = following=20 points:
 
(1) Fundamental screening based on past performance doesn't = always "tell=20 the tale"
(2) Technicals always lead to the downside
(3) It pays to perform due diligence
(4) Never be tempted to enter a stock while it is still = basing
 
Here are the stats aside from the technical condition:
EPS =3D 92, SMR =3D A, EPS Growth rate (historical) =3D 61%, = Composite rating =3D=20 82, ROE =3D 21%, Debt =3D 0%.
 
Sounds good, doesn't it? Now, take a look at a chart of = PLMD.
 
When you're finished, read this passage excerpted from their 10Q = filed=20 this week:

Item 13 Under "Notes to Consolidated Financial Statements" = (Highlighting is=20 mine)=20

. ... The regulations that govern Medicare reimbursement are = complex=20 and our compliance with those regulations may be reviewed by federal = agencies,=20 including the Department of Health and Human Services, the Department = of=20 Justice ("DOJ"), and the Food and Drug Administration ("FDA"). The = U.S.=20 Attorney's Office for the Southern District of Florida, with the = assistance of=20 the Federal Bureau of Investigation ("FBI") and Department of Health = &=20 Human Services' Office of Inspector General ("OIG"), is investigating allegations of healthcare fraud, = improper=20 revenue recognition and obstruction of justice by PolyMedica. Both = civil and=20 criminal investigations are being conducted. We are = cooperating=20 with the investigations. We cannot accurately predict the outcome of = these=20 proceedings at this time, and have therefore not recorded any charges = relating=20 to their outcome.=20

We and three individuals who are or were = officers=20 are defendants in a lawsuit alleging violations of certain sections = and rules=20 of the Securities Exchange Act of 1934 (the "Exchange Act"). In = addition,=20 there is a derivative action against the directors and two individuals = who are=20 or were officers in Massachusetts state court alleging certain = breaches of=20 fiduciary duty. We, the named individuals, and the Board = of=20 Directors believe that we have meritorious defenses to the claims made = against=20 us in the actions in which we are defendants and intend to contest the = claims=20 vigorously. Although we do not consider an unfavorable outcome to the = various=20 claims probable, we cannot accurately predict their ultimate = disposition, and=20 have therefore not recorded any charges related to their outcome. An=20 unfavorable outcome could have a material effect on our financial = position and=20 results of operations. Please see Item 1 of Part II, Legal = Proceedings, for a=20 more complete description of these claims.=20

If any of these investigations results in = a=20 determination that we have failed to comply with the regulations = governing=20 Medicare reimbursement or financial reporting or have otherwise = committed=20 healthcare fraud or securities law violations, we could be subject to = delays=20 or loss of reimbursement, substantial fines or penalties, and other = sanctions.=20 An adverse determination could have a material effect on our financial = position and results of operations.

(ref: http://www.edgar-online.com/bin/edgardoc/finSys_main.= asp?dcn=3D0000950135-02-003770)=20

Add to that a sudden resignation of their CEO at the beginning of = the=20 month.=20

--Katherine

------=_NextPart_000_0159_01C246C1.69C5D340-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Case Study Date: 18 Aug 2002 17:00:02 -0500 Hi Norm, Here's another great example as to how technicals tell the story more clearly than the fundamentals or the news. On April 8th, the SEC announced that it was closing its investigation. "PolyMedica Corporation Receives Notice That SEC Investigation Has Terminated Apr 08, 2002 PolyMedica Corporation announced that it received a notice from the Securities and Exchange Commission stating that the Commission's present staff inquiry into the Company has been terminated. The notice also states that no enforcement action has been recommended to the Commission." (See: http://yahoo.marketguide.com/MGI/signdevt.asp?target=/stocks/companyinformat ion/signdevt&Ticker=PLMD) (A read through the significant developments itself is like a mine field of red flags. ) That announcement was followed by a big price spike, just as you noted, as people reacted to the news. This spike came, however after a steep decline in the price and was immediately followed by a high volume reversal day and a series of days where price was climbing on low volume ("wedging" action)--the stuff of sell rules if nothing else. Notice that price at that point continued on the path of least resistance and the downtrend began again. Price action essentially told us already what wasn't stated until this week's 10Q, i.e., the original investigation was being expanded in scope. I didn't include all the details in my original quote, but the status of the law suits and investigation are included in the section under "Legal Proceedings." (See link to SEC filing in my original post) As Tom suggested earlier today, there's no telling how all this will play out, and the powers that be may well be exonerated. But, in the world of CANSLIM investing, there's no reason to take the risk in the meantime. If price/volume action and fundamentals set up appropriately, then PLMD may one day again be a good candidate. In the meantime, once there's a stinky fish in the works.....it's hard to get out the stench. Katherine ----- Original Message ----- Sent: Sunday, August 18, 2002 12:14 PM | Crimony! They got more troubles than freshmen at a fraternity hazing | | I guess no one noticed anything amiss on April 8th; what a spike! | | Norm | | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Sunday, August 18, 2002 11:12 AM | Subject: [CANSLIM] Case Study | | | Hi All, | | Just thought I'd pass on a recent example that demonstrates the following | points: | | (1) Fundamental screening based on past performance doesn't always "tell the | tale" | (2) Technicals always lead to the downside | (3) It pays to perform due diligence | (4) Never be tempted to enter a stock while it is still basing | | Here are the stats aside from the technical condition: | EPS = 92, SMR = A, EPS Growth rate (historical) = 61%, Composite rating = | 82, ROE = 21%, Debt = 0%. | | Sounds good, doesn't it? Now, take a look at a chart of PLMD. | | When you're finished, read this passage excerpted from their 10Q filed this | week: | Item 13 Under "Notes to Consolidated Financial Statements" (Highlighting is | mine) | | . ... The regulations that govern Medicare reimbursement are complex and our | compliance with those regulations may be reviewed by federal agencies, | including the Department of Health and Human Services, the Department of | Justice ("DOJ"), and the Food and Drug Administration ("FDA"). The U.S. | Attorney's Office for the Southern District of Florida, with the assistance | of the Federal Bureau of Investigation ("FBI") and Department of Health & | Human Services' Office of Inspector General ("OIG"), is investigating | allegations of healthcare fraud, improper revenue recognition and | obstruction of justice by PolyMedica. Both civil and criminal investigations | are being conducted. We are cooperating with the investigations. We cannot | accurately predict the outcome of these proceedings at this time, and have | therefore not recorded any charges relating to their outcome. | | We and three individuals who are or were officers are defendants in a | lawsuit alleging violations of certain sections and rules of the Securities | Exchange Act of 1934 (the "Exchange Act"). In addition, there is a | derivative action against the directors and two individuals who are or were | officers in Massachusetts state court alleging certain breaches of fiduciary | duty. We, the named individuals, and the Board of Directors believe that we | have meritorious defenses to the claims made against us in the actions in | which we are defendants and intend to contest the claims vigorously. | Although we do not consider an unfavorable outcome to the various claims | probable, we cannot accurately predict their ultimate disposition, and have | therefore not recorded any charges related to their outcome. An unfavorable | outcome could have a material effect on our financial position and results | of operations. Please see Item 1 of Part II, Legal Proceedings, for a more | complete description of these claims. | | If any of these investigations results in a determination that we have | failed to comply with the regulations governing Medicare reimbursement or | financial reporting or have otherwise committed healthcare fraud or | securities law violations, we could be subject to delays or loss of | reimbursement, substantial fines or penalties, and other sanctions. An | adverse determination could have a material effect on our financial position | and results of operations. | | (ref: | http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000950135-02-0 | 03770) | | Add to that a sudden resignation of their CEO at the beginning of the month. | | --Katherine | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Case Study Date: 18 Aug 2002 17:39:12 -0500 For sure Katherine, not CAN SLIM material. As I look at a 3 yr chart, this one hasn't been a valid CAN SLIM issue for a loooong time. As you and Tom pointed out, the technicals were waaaaay ahead of this latest news Anyway, lets put our hands together for "technicals God"; He/She kept us out of trouble, again! Good example, thanks for posting it. Norm ----- Original Message ----- Sent: Sunday, August 18, 2002 5:00 PM > Hi Norm, > > Here's another great example as to how technicals tell the story more > clearly than the fundamentals or the news. On April 8th, the SEC announced > that it was closing its investigation. > > "PolyMedica Corporation Receives Notice That SEC Investigation Has > Terminated Apr 08, 2002 > PolyMedica Corporation announced that it received a notice from the > Securities and Exchange Commission stating that the Commission's present > staff inquiry into the Company has been terminated. The notice also states > that no enforcement action has been recommended to the Commission." (See: > http://yahoo.marketguide.com/MGI/signdevt.asp?target=/stocks/companyinformat > ion/signdevt&Ticker=PLMD) > > (A read through the significant developments itself is like a mine field of > red flags. ) > > That announcement was followed by a big price spike, just as you noted, as > people reacted to the news. This spike came, however after a steep decline > in the price and was immediately followed by a high volume reversal day and > a series of days where price was climbing on low volume ("wedging" > action)--the stuff of sell rules if nothing else. Notice that price at that > point continued on the path of least resistance and the downtrend began > again. > > Price action essentially told us already what wasn't stated until this > week's 10Q, i.e., the original investigation was being expanded in scope. I > didn't include all the details in my original quote, but the status of the > law suits and investigation are included in the section under "Legal > Proceedings." (See link to SEC filing in my original post) > > As Tom suggested earlier today, there's no telling how all this will play > out, and the powers that be may well be exonerated. But, in the world of > CANSLIM investing, there's no reason to take the risk in the meantime. If > price/volume action and fundamentals set up appropriately, then PLMD may one > day again be a good candidate. In the meantime, once there's a stinky fish > in the works.....it's hard to get out the stench. > > Katherine > > ----- Original Message ----- > From: "Norman" > To: > Sent: Sunday, August 18, 2002 12:14 PM > Subject: Re: [CANSLIM] Case Study > > > | Crimony! They got more troubles than freshmen at a fraternity hazing > | > | I guess no one noticed anything amiss on April 8th; what a spike! > | > | Norm > | > | ----- Original Message ----- > | From: "Katherine Malm" > | To: > | Sent: Sunday, August 18, 2002 11:12 AM > | Subject: [CANSLIM] Case Study > | > | > | Hi All, > | > | Just thought I'd pass on a recent example that demonstrates the following > | points: > | > | (1) Fundamental screening based on past performance doesn't always "tell > the > | tale" > | (2) Technicals always lead to the downside > | (3) It pays to perform due diligence > | (4) Never be tempted to enter a stock while it is still basing > | > | Here are the stats aside from the technical condition: > | EPS = 92, SMR = A, EPS Growth rate (historical) = 61%, Composite rating = > | 82, ROE = 21%, Debt = 0%. > | > | Sounds good, doesn't it? Now, take a look at a chart of PLMD. > | > | When you're finished, read this passage excerpted from their 10Q filed > this > | week: > | Item 13 Under "Notes to Consolidated Financial Statements" (Highlighting > is > | mine) > | > | . ... The regulations that govern Medicare reimbursement are complex and > our > | compliance with those regulations may be reviewed by federal agencies, > | including the Department of Health and Human Services, the Department of > | Justice ("DOJ"), and the Food and Drug Administration ("FDA"). The U.S. > | Attorney's Office for the Southern District of Florida, with the > assistance > | of the Federal Bureau of Investigation ("FBI") and Department of Health & > | Human Services' Office of Inspector General ("OIG"), is investigating > | allegations of healthcare fraud, improper revenue recognition and > | obstruction of justice by PolyMedica. Both civil and criminal > investigations > | are being conducted. We are cooperating with the investigations. We cannot > | accurately predict the outcome of these proceedings at this time, and have > | therefore not recorded any charges relating to their outcome. > | > | We and three individuals who are or were officers are defendants in a > | lawsuit alleging violations of certain sections and rules of the > Securities > | Exchange Act of 1934 (the "Exchange Act"). In addition, there is a > | derivative action against the directors and two individuals who are or > were > | officers in Massachusetts state court alleging certain breaches of > fiduciary > | duty. We, the named individuals, and the Board of Directors believe that > we > | have meritorious defenses to the claims made against us in the actions in > | which we are defendants and intend to contest the claims vigorously. > | Although we do not consider an unfavorable outcome to the various claims > | probable, we cannot accurately predict their ultimate disposition, and > have > | therefore not recorded any charges related to their outcome. An > unfavorable > | outcome could have a material effect on our financial position and results > | of operations. Please see Item 1 of Part II, Legal Proceedings, for a more > | complete description of these claims. > | > | If any of these investigations results in a determination that we have > | failed to comply with the regulations governing Medicare reimbursement or > | financial reporting or have otherwise committed healthcare fraud or > | securities law violations, we could be subject to delays or loss of > | reimbursement, substantial fines or penalties, and other sanctions. An > | adverse determination could have a material effect on our financial > position > | and results of operations. > | > | (ref: > | > http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000950135-02-0 > | 03770) > | > | Add to that a sudden resignation of their CEO at the beginning of the > month. > | > | --Katherine > | > | > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Case Study Date: 18 Aug 2002 17:48:40 -0500 Katherine, I forgotten to mention, you should add that site to your "favorites" list that you uploaded. Looks to be a decent info source. Can't have too many sites to track down news. norm ----- Original Message ----- Sent: Sunday, August 18, 2002 5:00 PM > Hi Norm, > > Here's another great example as to how technicals tell the story more > clearly than the fundamentals or the news. On April 8th, the SEC announced > that it was closing its investigation. > > "PolyMedica Corporation Receives Notice That SEC Investigation Has > Terminated Apr 08, 2002 > PolyMedica Corporation announced that it received a notice from the > Securities and Exchange Commission stating that the Commission's present > staff inquiry into the Company has been terminated. The notice also states > that no enforcement action has been recommended to the Commission." (See: > http://yahoo.marketguide.com/MGI/signdevt.asp?target=/stocks/companyinformat > ion/signdevt&Ticker=PLMD) > > (A read through the significant developments itself is like a mine field of > red flags. ) > > That announcement was followed by a big price spike, just as you noted, as > people reacted to the news. This spike came, however after a steep decline > in the price and was immediately followed by a high volume reversal day and > a series of days where price was climbing on low volume ("wedging" > action)--the stuff of sell rules if nothing else. Notice that price at that > point continued on the path of least resistance and the downtrend began > again. > > Price action essentially told us already what wasn't stated until this > week's 10Q, i.e., the original investigation was being expanded in scope. I > didn't include all the details in my original quote, but the status of the > law suits and investigation are included in the section under "Legal > Proceedings." (See link to SEC filing in my original post) > > As Tom suggested earlier today, there's no telling how all this will play > out, and the powers that be may well be exonerated. But, in the world of > CANSLIM investing, there's no reason to take the risk in the meantime. If > price/volume action and fundamentals set up appropriately, then PLMD may one > day again be a good candidate. In the meantime, once there's a stinky fish > in the works.....it's hard to get out the stench. > > Katherine > > ----- Original Message ----- > From: "Norman" > To: > Sent: Sunday, August 18, 2002 12:14 PM > Subject: Re: [CANSLIM] Case Study > > > | Crimony! They got more troubles than freshmen at a fraternity hazing > | > | I guess no one noticed anything amiss on April 8th; what a spike! > | > | Norm > | > | ----- Original Message ----- > | From: "Katherine Malm" > | To: > | Sent: Sunday, August 18, 2002 11:12 AM > | Subject: [CANSLIM] Case Study > | > | > | Hi All, > | > | Just thought I'd pass on a recent example that demonstrates the following > | points: > | > | (1) Fundamental screening based on past performance doesn't always "tell > the > | tale" > | (2) Technicals always lead to the downside > | (3) It pays to perform due diligence > | (4) Never be tempted to enter a stock while it is still basing > | > | Here are the stats aside from the technical condition: > | EPS = 92, SMR = A, EPS Growth rate (historical) = 61%, Composite rating = > | 82, ROE = 21%, Debt = 0%. > | > | Sounds good, doesn't it? Now, take a look at a chart of PLMD. > | > | When you're finished, read this passage excerpted from their 10Q filed > this > | week: > | Item 13 Under "Notes to Consolidated Financial Statements" (Highlighting > is > | mine) > | > | . ... The regulations that govern Medicare reimbursement are complex and > our > | compliance with those regulations may be reviewed by federal agencies, > | including the Department of Health and Human Services, the Department of > | Justice ("DOJ"), and the Food and Drug Administration ("FDA"). The U.S. > | Attorney's Office for the Southern District of Florida, with the > assistance > | of the Federal Bureau of Investigation ("FBI") and Department of Health & > | Human Services' Office of Inspector General ("OIG"), is investigating > | allegations of healthcare fraud, improper revenue recognition and > | obstruction of justice by PolyMedica. Both civil and criminal > investigations > | are being conducted. We are cooperating with the investigations. We cannot > | accurately predict the outcome of these proceedings at this time, and have > | therefore not recorded any charges relating to their outcome. > | > | We and three individuals who are or were officers are defendants in a > | lawsuit alleging violations of certain sections and rules of the > Securities > | Exchange Act of 1934 (the "Exchange Act"). In addition, there is a > | derivative action against the directors and two individuals who are or > were > | officers in Massachusetts state court alleging certain breaches of > fiduciary > | duty. We, the named individuals, and the Board of Directors believe that > we > | have meritorious defenses to the claims made against us in the actions in > | which we are defendants and intend to contest the claims vigorously. > | Although we do not consider an unfavorable outcome to the various claims > | probable, we cannot accurately predict their ultimate disposition, and > have > | therefore not recorded any charges related to their outcome. An > unfavorable > | outcome could have a material effect on our financial position and results > | of operations. Please see Item 1 of Part II, Legal Proceedings, for a more > | complete description of these claims. > | > | If any of these investigations results in a determination that we have > | failed to comply with the regulations governing Medicare reimbursement or > | financial reporting or have otherwise committed healthcare fraud or > | securities law violations, we could be subject to delays or loss of > | reimbursement, substantial fines or penalties, and other sanctions. An > | adverse determination could have a material effect on our financial > position > | and results of operations. > | > | (ref: > | > http://www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000950135-02-0 > | 03770) > | > | Add to that a sudden resignation of their CEO at the beginning of the > month. > | > | --Katherine > | > | > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) Date: 18 Aug 2002 16:11:05 -0700 I don't know what I'm talking about half the time either Katherine. I just think I'm getting it and then I see something that makes me think I'm not getting it. So I ask- to double check myself and it doesn't make sense-that tells me what I'm thinking is wrong(or I don't present it properly). Either way thanks for your time, I'll just keep reading and trying to learn more. Nancy >From: "Katherine Malm" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) >Date: Fri, 16 Aug 2002 16:23:45 -0500 > >Nancy, > >I have to admit I'm clueless as to what you're asking me in regard to a >"response on WTW" as I have seen none. > >Your question earlier today was in response to Mike Niemotka's posting >about stop losses and I detailed several points with respect to your >comments. > >But to your questions here, yes, yes, yes, you are correct!!....when the >stock essentially moves sideways, *that's* a base. And yes! after it breaks >out it will move up ("rise", "ascend") for a while before it forms >another base. > >See my handwritten notes on bases and rising stocks at: >http://WallStreet-LLC.com/canslim/HealthyRisingStock.JPG and >http://WallStreet-LLC.com/canslim/TypesOfBases.JPG > > >Katherine > > ----- Original Message ----- > From: NANCY POLCARO > To: canslim > Sent: Friday, August 16, 2002 3:35 PM > Subject: Re: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) > > > Katherine-I have several questions to ask you about your post if you do >not mind. I am confused. 1st-I was not disputing your answer to Mike-I was >asking , in the situation I was presenting to you (from info I thought I >got from you post ) could my response be right or am I totally lost in >bases and sells? Tell me if I am because I was thinking I was getting some >understanding but your email sounded like I am not. Second Part of my info >was taken from the link you put a chart in when you posted this email. I >went back and reviewed it and now realize I was looking at the RS line in >the 12 week base you pointed out ande not the chart pattern. Figures huh! >Do I understand it to be right that a base is when the stock is going >sideways and when it starts its 25 or so climb it is not a base again until >it starts going sideways again. Thanks again for your patience Nancy > > ----- Original Message ----- > From: Katherine Malm > Sent: Tuesday, August 13, 2002 7:33 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Re: WTW (was: Which One Is Better - Updated) > > Hi Mike, > > WTW didn't have the smoothest base, but it was a 12 week base >nonetheless. > That's not unusual given the gyrations of the market as it's been >groping > for this latest bottom. So that you can see my personal take on it, >I've > annotated the chart at: > > http://WallStreet-LLC.com/canslim/WTW081302.jpg > > > Gene noted that WTW is also featured in IBD's weblink today. They have >also > annotated a chart, so you can see their interpretation at: > > http://www.investors.com/weblink/ > > Katherine > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 13, 2002 8:50 AM > Subject: Re: [CANSLIM] Which One Is Better - Updated > > > > Katherine, > > Can you expound on the statement that WTW broke out? In looking at >the > chart, I can sorta see a v shaped cwh, but in the handle, the volume >did > NOT dry up.....what would you say the pivot point was? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "Katherine Malm" > To: > canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: >[CANSLIM] > Which One Is Better - Updated > ission.com > > > 08/12/2002 08:02 PM > Please respond to > canslim > > > > > > > You know, I have a simple solution for this kind of dilemma....don't >use > the numbers. > > I know it's tempting to use a number like this, as it seems to "tell >you > everything" about the stock. But I think once you summarize summary > numbers, you're asking for trouble. I rank the composite score as >"mildly > useful." > > Here's an example. I'll select a couple of stocks that have come up >for > discussion here in the last few months: WTW and TOL. > > Scores? > WTW = 96 > TOL = 95 > > Yet, look at the charts. WTW broke out today, TOL is rolling over and > playing dead. Doesn't sound like a score of 95/96 "tells" me >everything I > need to know about the stocks. > > Katherine > ----- Original Message ----- > From: Gene Ricci > To: canslim@lists.xmission.com > Sent: Monday, August 12, 2002 7:41 PM > Subject: Re: [CANSLIM] Which One Is Better - Updated > > Arghhh! > Same definition > Same data base > Same company > different numbers! > ----- Original Message ----- > From: Bill Triffet > To: canslim@lists.xmission.com > Sent: Monday, August 12, 2002 6:58 PM > Subject: Re: [CANSLIM] Which One Is Better - Updated > > Either way, it appears that the IBD data paints a prettier picture of >the > stocks. > > -Bill > > ----- Original Message ----- > From: "Gene Ricci" > To: > Sent: Monday, August 12, 2002 4:50 PM > Subject: Re: [CANSLIM] Which One Is Better - Updated > > > I just had today's update figures for DGO sent to me. > The 3 columns are 8/9 DGO data > 8/12 IBD readings 30 minutes ago > 8/12 DGO just received today's download > > > Hi Katherine, I hadn't checked today and after reading your note, I > 'thought' I was in error. > > However, I just went and checked several stocks: > 8/9 8/12 8/12 > DGO IBD DGO > AAON 85 86 83 > AIR 38 55 32 > ABCB 89 90 90 > ABM 77 85 75 > ABN 58 67 58 > ACE 69 86 71 > ACMR 92 95 92 > AES 24 30 25 > AFCE 72 79 74 > AFL 92 95 91 > > > The first ten (10) I checked showed different numbers. > > My question still stands, which one is better? > > Gene > > > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Monday, August 12, 2002 5:47 PM > Subject: Re: [CANSLIM] Which One Is Better > > > Hi Gene, > > There seems to be conflicting information on this...See DGO's reply to >my > recent inquiry (7/31) about the very same thing: > > > > > Hi Katherine, > > Thank you for your recent email to Daily Graphs Online. > > I apologize, but the recent additions to our services have not yet >been > reflected in our Image Maps resource. We plan on making the update >soon. > TO address your question, I would like to confirm that the Composite > Rating > you see on our service is the same SmartSelect® Composite Rating that >is > provided by the Investor's Business Daily and investors.com. > > Please write back if you have any questions or need assistance. > > Best regards, > Dan > Daily Graphs Online > www.dailygraphs.com > > ----- Original Message ----- > From: Gene Ricci > To: canslim@lists.xmission.com > Sent: Monday, August 12, 2002 4:06 PM > Subject: [CANSLIM] Which One Is Better > > > Let's see, IBD provides an Overall Rating and now DGO provides a >Composite > Rating. Has anyone determined which one is better? > > Gene > > The new SmartSelect® Composite Rating in Investor's Business Daily and > the Stock Checkup Overall Rating found on investors.com are based on > different formulas. > > The SmartSelect® Composite Rating combines all 5 SmartSelect Ratings > into one easy-to-use rating. More weight is placed on EPS and RS > Rating, and the stock's percent off its 52-week high is also included >in > the formula. Results are then compared to all other companies, and >each > company is assigned a rating from 1-99 with 99 being the best. This > rating is designed to help you get a quick feel for how a company's > SmartSelect® Ratings compare to all other stocks in our database. >This > is intended to be an additional tool to help you find the stocks with > the highest SmartSelect® Ratings, quickly and easily. > > The Overall Rating in the Stock Checkup is determined by a proprietary > formula incorporating all five of the Stock Checkup ratings. These are > the Technical Rating, Fundamental Rating, Attractiveness Rating, >Group's > Technical Rating and Group's Fundamental Rating. The Stock Checkup >uses > over 30 different variables including all the SmartSelect® Ratings to > calculate the Overall Rating. When using the Stock Checkup, focus not > only on the Overall Rating but all 6 of the Checkup Ratings. Also >study > how the stock compares to its group within the individual Checkup > Ratings. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Fw: [CANSLIM] Case Study Date: 18 Aug 2002 18:29:48 -0500 Thanks for the suggestion, Norm, but the site is already there...as it's one of the main links from the Yahoo "due diligence" site I recommend. You'll see it about midway on the right of the page. This site is also a great launching pad for loads of fundamentals, SEC filings, etc., so is very comprehensive--definitely my all time favorite spot to go. Instead, I've uploaded a Word document which highlights some of the best links from the site. See it at: http://WallStreet-LLC.com/canslim/DueDiligenceExamples.doc Katherine | | ----- Original Message ----- | From: "Norman" | To: | Sent: Sunday, August 18, 2002 5:48 PM | Subject: Re: [CANSLIM] Case Study | | | | Katherine, | | | | I forgotten to mention, you should add that site to your "favorites" list | | that you uploaded. Looks to be a decent info source. Can't have too many | | sites to track down news. | | | | norm | | | | ----- Original Message ----- | | From: "Katherine Malm" | | To: | | Sent: Sunday, August 18, 2002 5:00 PM | | Subject: Re: [CANSLIM] Case Study | | | | | | > Hi Norm, | | > | | > Here's another great example as to how technicals tell the story more | | > clearly than the fundamentals or the news. On April 8th, the SEC | announced | | > that it was closing its investigation. | | > | | > "PolyMedica Corporation Receives Notice That SEC Investigation Has | | > Terminated Apr 08, 2002 | | > PolyMedica Corporation announced that it received a notice from the | | > Securities and Exchange Commission stating that the Commission's present | | > staff inquiry into the Company has been terminated. The notice also | states | | > that no enforcement action has been recommended to the Commission." | (See: | | > | | | http://yahoo.marketguide.com/MGI/signdevt.asp?target=/stocks/companyinformat | | > ion/signdevt&Ticker=PLMD) | | > | | > (A read through the significant developments itself is like a mine field | | of | | > red flags. ) | | > | | > That announcement was followed by a big price spike, just as you noted, | | as | | > people reacted to the news. This spike came, however after a steep | | decline | | > in the price and was immediately followed by a high volume reversal day | | and | | > a series of days where price was climbing on low volume ("wedging" | | > action)--the stuff of sell rules if nothing else. Notice that price at | | that | | > point continued on the path of least resistance and the downtrend began | | > again. | | > | | > Price action essentially told us already what wasn't stated until this | | > week's 10Q, i.e., the original investigation was being expanded in | scope. | | I | | > didn't include all the details in my original quote, but the status of | the | | > law suits and investigation are included in the section under "Legal | | > Proceedings." (See link to SEC filing in my original post) | | > | | > As Tom suggested earlier today, there's no telling how all this will | play | | > out, and the powers that be may well be exonerated. But, in the world of | | > CANSLIM investing, there's no reason to take the risk in the meantime. | If | | > price/volume action and fundamentals set up appropriately, then PLMD may | | one | | > day again be a good candidate. In the meantime, once there's a stinky | fish | | > in the works.....it's hard to get out the stench. | | > | | > Katherine | | > | | > ----- Original Message ----- | | > From: "Norman" | | > To: | | > Sent: Sunday, August 18, 2002 12:14 PM | | > Subject: Re: [CANSLIM] Case Study | | > | | > | | > | Crimony! They got more troubles than freshmen at a fraternity | hazing | | > | | | > | I guess no one noticed anything amiss on April 8th; what a spike! | | > | | | > | Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Case Study Date: 18 Aug 2002 19:03:52 -0500 Oh darn it, the web browser doesn't like those imbedded graphics in the Word Doc. Try instead: http://WallStreet-LLC.com/canslim/DueDiligenceExamples.zip You'll just need to unzip the downloaded file. Katherine ----- Original Message ----- Sent: Sunday, August 18, 2002 6:29 PM | | Thanks for the suggestion, Norm, but the site is already there...as it's one | of the main links from the Yahoo "due diligence" site I recommend. You'll | see it about midway on the right of the page. This site is also a great | launching pad for loads of fundamentals, SEC filings, etc., so is very | comprehensive--definitely my all time favorite spot to go. Instead, I've | uploaded a Word document which highlights some of the best links from the | site. | | See it at: | http://WallStreet-LLC.com/canslim/DueDiligenceExamples.doc | | Katherine | | | | | ----- Original Message ----- | | From: "Norman" | | To: | | Sent: Sunday, August 18, 2002 5:48 PM | | Subject: Re: [CANSLIM] Case Study | | | | | | | Katherine, | | | | | | I forgotten to mention, you should add that site to your "favorites" | list | | | that you uploaded. Looks to be a decent info source. Can't have too | many | | | sites to track down news. | | | | | | norm | | | | | | ----- Original Message ----- | | | From: "Katherine Malm" | | | To: | | | Sent: Sunday, August 18, 2002 5:00 PM | | | Subject: Re: [CANSLIM] Case Study | | | | | | | | | > Hi Norm, | | | > | | | > Here's another great example as to how technicals tell the story more | | | > clearly than the fundamentals or the news. On April 8th, the SEC | | announced | | | > that it was closing its investigation. | | | > | | | > "PolyMedica Corporation Receives Notice That SEC Investigation Has | | | > Terminated Apr 08, 2002 | | | > PolyMedica Corporation announced that it received a notice from the | | | > Securities and Exchange Commission stating that the Commission's | present | | | > staff inquiry into the Company has been terminated. The notice also | | states | | | > that no enforcement action has been recommended to the Commission." | | (See: | | | > | | | | | | http://yahoo.marketguide.com/MGI/signdevt.asp?target=/stocks/companyinformat | | | > ion/signdevt&Ticker=PLMD) | | | > | | | > (A read through the significant developments itself is like a mine | field | | | of | | | > red flags. ) | | | > | | | > That announcement was followed by a big price spike, just as you | noted, | | | as | | | > people reacted to the news. This spike came, however after a steep | | | decline | | | > in the price and was immediately followed by a high volume reversal | day | | | and | | | > a series of days where price was climbing on low volume ("wedging" | | | > action)--the stuff of sell rules if nothing else. Notice that price at | | | that | | | > point continued on the path of least resistance and the downtrend | began | | | > again. | | | > | | | > Price action essentially told us already what wasn't stated until this | | | > week's 10Q, i.e., the original investigation was being expanded in | | scope. | | | I | | | > didn't include all the details in my original quote, but the status of | | the | | | > law suits and investigation are included in the section under "Legal | | | > Proceedings." (See link to SEC filing in my original post) | | | > | | | > As Tom suggested earlier today, there's no telling how all this will | | play | | | > out, and the powers that be may well be exonerated. But, in the world | of | | | > CANSLIM investing, there's no reason to take the risk in the meantime. | | If | | | > price/volume action and fundamentals set up appropriately, then PLMD | may | | | one | | | > day again be a good candidate. In the meantime, once there's a stinky | | fish | | | > in the works.....it's hard to get out the stench. | | | > | | | > Katherine | | | > | | | > ----- Original Message ----- | | | > From: "Norman" | | | > To: | | | > Sent: Sunday, August 18, 2002 12:14 PM | | | > Subject: Re: [CANSLIM] Case Study | | | > | | | > | | | > | Crimony! They got more troubles than freshmen at a fraternity | | hazing | | | > | | | | > | I guess no one noticed anything amiss on April 8th; what a spike! | | | > | | | | > | Norm | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] David Ryan Date: 18 Aug 2002 18:23:36 -0700 (PDT) Tom I once heard something that may apply to this case. It went something like this: One cowboy said to the other: "I can hit a bullseye at 50 paces" The other said: "Yes, but how can you do when it is shooting back?" Perhaps the reality of being responsible for other peoples money made him flounder. Regards Kent Norman --- Tom Worley <stkguru@bellsouth.net> wrote: > I was watching the fund fairly closely at the time, as I had put a > number of clients into it that wanted to do CANSLIM, but were > uncomfortable with individual stocks. > > I saw several factors, not the least of which was the authorized > structure of the fund. > > The fund could not short, but could be as much as 50% cash. Ryan > stayed in cash to the max during several critical rallies, and got > left behind. > > I worked at the time for a broker dealer where we paid for live picks > from WON and his team. I felt Ryan was diverging from what I was > seeing from WON, who was leaning more towards larger cap stocks, and > being fully invested. Ryan didn't seem to believe the market was > going to move higher, held cash (rather than invest it defensively), > and seemed lukewarm on growth stocks. To me at the time, seemed to be > a lack of confidence and indecision. > > Ryan's claim to fame was three time winner of a national investing > contest. That is not the same as running a mutual fund. I know I have > learned a lot about managing a mutual fund from my VR Fund. > > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:45 AM > Subject: Re: [CANSLIM] David Ryan > > > Tom, > > Interesting that a guy who was apparently brilliantly successful > earlier failed miserably as a fund manager. Do you think it was a > result of unfavorable market conditions or did he stray from CANSLIM, > or was it something else? > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:39 AM > Subject: Re: [CANSLIM] David Ryan > > > I heard he and WON parted ways after the mutual fund fell flat on > its face. I think he is still in the industry, but don't know where. > Wasn't impressed with his performance running the fund, nor some of > his decision making, so had no further interest in his performance. > > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:33 AM > Subject: [CANSLIM] David Ryan > > > Anyone know the whereabouts or whatabouts of David Ryan? I do > recall that he and WON started a mutual fund several years ago that > had mediocre performance and that was bought out by a fund family. > Does he still manage money these days and if so, anyone aware of a > track record? > > Jon > ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] David Ryan Date: 18 Aug 2002 22:00:07 -0400 could be, I know I do far better only responsible for my own money, and not having to guide others in their decision making on their money. ----- Original Message ----- Sent: Sunday, August 18, 2002 9:23 PM Tom I once heard something that may apply to this case. It went something like this: One cowboy said to the other: "I can hit a bullseye at 50 paces" The other said: "Yes, but how can you do when it is shooting back?" Perhaps the reality of being responsible for other peoples money made him flounder. Regards Kent Norman --- Tom Worley <stkguru@bellsouth.net> wrote: > I was watching the fund fairly closely at the time, as I had put a > number of clients into it that wanted to do CANSLIM, but were > uncomfortable with individual stocks. > > I saw several factors, not the least of which was the authorized > structure of the fund. > > The fund could not short, but could be as much as 50% cash. Ryan > stayed in cash to the max during several critical rallies, and got > left behind. > > I worked at the time for a broker dealer where we paid for live picks > from WON and his team. I felt Ryan was diverging from what I was > seeing from WON, who was leaning more towards larger cap stocks, and > being fully invested. Ryan didn't seem to believe the market was > going to move higher, held cash (rather than invest it defensively), > and seemed lukewarm on growth stocks. To me at the time, seemed to be > a lack of confidence and indecision. > > Ryan's claim to fame was three time winner of a national investing > contest. That is not the same as running a mutual fund. I know I have > learned a lot about managing a mutual fund from my VR Fund. > > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:45 AM > Subject: Re: [CANSLIM] David Ryan > > > Tom, > > Interesting that a guy who was apparently brilliantly successful > earlier failed miserably as a fund manager. Do you think it was a > result of unfavorable market conditions or did he stray from CANSLIM, > or was it something else? > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:39 AM > Subject: Re: [CANSLIM] David Ryan > > > I heard he and WON parted ways after the mutual fund fell flat on > its face. I think he is still in the industry, but don't know where. > Wasn't impressed with his performance running the fund, nor some of > his decision making, so had no further interest in his performance. > > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:33 AM > Subject: [CANSLIM] David Ryan > > > Anyone know the whereabouts or whatabouts of David Ryan? I do > recall that he and WON started a mutual fund several years ago that > had mediocre performance and that was bought out by a fund family. > Does he still manage money these days and if so, anyone aware of a > track record? > > Jon > ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] David Ryan Date: 19 Aug 2002 07:16:04 -0600 Ryan may not have had much success running a mutual fund but from what I have heard and read his hedge fund does pretty good. There is an interview with him in a book that Tradingmarkets put out called Conversations With the Best. He seems to be doing fine. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, August 18, 2002 8:00 PM could be, I know I do far better only responsible for my own money, and not having to guide others in their decision making on their money. ----- Original Message ----- Sent: Sunday, August 18, 2002 9:23 PM Tom I once heard something that may apply to this case. It went something like this: One cowboy said to the other: "I can hit a bullseye at 50 paces" The other said: "Yes, but how can you do when it is shooting back?" Perhaps the reality of being responsible for other peoples money made him flounder. Regards Kent Norman --- Tom Worley <stkguru@bellsouth.net> wrote: > I was watching the fund fairly closely at the time, as I had put a > number of clients into it that wanted to do CANSLIM, but were > uncomfortable with individual stocks. > > I saw several factors, not the least of which was the authorized > structure of the fund. > > The fund could not short, but could be as much as 50% cash. Ryan > stayed in cash to the max during several critical rallies, and got > left behind. > > I worked at the time for a broker dealer where we paid for live picks > from WON and his team. I felt Ryan was diverging from what I was > seeing from WON, who was leaning more towards larger cap stocks, and > being fully invested. Ryan didn't seem to believe the market was > going to move higher, held cash (rather than invest it defensively), > and seemed lukewarm on growth stocks. To me at the time, seemed to be > a lack of confidence and indecision. > > Ryan's claim to fame was three time winner of a national investing > contest. That is not the same as running a mutual fund. I know I have > learned a lot about managing a mutual fund from my VR Fund. > > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:45 AM > Subject: Re: [CANSLIM] David Ryan > > > Tom, > > Interesting that a guy who was apparently brilliantly successful > earlier failed miserably as a fund manager. Do you think it was a > result of unfavorable market conditions or did he stray from CANSLIM, > or was it something else? > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:39 AM > Subject: Re: [CANSLIM] David Ryan > > > I heard he and WON parted ways after the mutual fund fell flat on > its face. I think he is still in the industry, but don't know where. > Wasn't impressed with his performance running the fund, nor some of > his decision making, so had no further interest in his performance. > > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Sunday, August 18, 2002 9:33 AM > Subject: [CANSLIM] David Ryan > > > Anyone know the whereabouts or whatabouts of David Ryan? I do > recall that he and WON started a mutual fund several years ago that > had mediocre performance and that was bought out by a fund family. > Does he still manage money these days and if so, anyone aware of a > track record? > > Jon > ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] Off topic- kinda: Site suggestion for economic data? Date: 19 Aug 2002 09:00:32 -0500 Dear Group, Can anyone recommend a good web site that lists economic reports, and = more specifically, a service that will send me emails when major = economic reports are released? Signed, Econigma wrapped in a riddle - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Off topic- kinda: Site suggestion for economic data? Date: 19 Aug 2002 09:03:34 -0500 Hi Kelly, For crème de la crème coverage: www.economy.com/dismal Katherine ----- Original Message ----- Sent: Monday, August 19, 2002 9:00 AM Dear Group, Can anyone recommend a good web site that lists economic reports, and more specifically, a service that will send me emails when major economic reports are released? Signed, Econigma wrapped in a riddle - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Off topic- kinda: Site suggestion for economic data? Date: 19 Aug 2002 10:04:56 EDT --part1_ac.2c0d888b.2a925508_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kelly: The Dismal Scientist: Economic Analysis, Indicators, and Data for the World --part1_ac.2c0d888b.2a925508_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Kelly: The Dismal Scientist: Economic Analysis, Indicators, and Data for the World --part1_ac.2c0d888b.2a925508_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Off topic- kinda: Site suggestion for economic data? Date: 19 Aug 2002 09:05:43 -0500 Thanks Katherine- what does cr=E8me de la... nah, been covered... thanks = for the info! Kelly -----Original Message----- Sent: Monday, August 19, 2002 9:04 AM data? Hi Kelly, For cr=E8me de la cr=E8me coverage: www.economy.com/dismal Katherine ----- Original Message ----- Sent: Monday, August 19, 2002 9:00 AM Dear Group, Can anyone recommend a good web site that lists economic reports, and = more specifically, a service that will send me emails when major economic = reports are released? Signed, Econigma wrapped in a riddle - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] David Ryan Date: 19 Aug 2002 07:33:52 -0700 (PDT) --0-1992993991-1029767632=:77093 Content-Type: text/plain; charset=us-ascii In the book THE BEST conversations w/ top traders Ryan basically says he manages other peoples $ differently than he'd manage his own p141 Tom Worley wrote:I was watching the fund fairly closely at the time, as I had put a number of clients into it that wanted to do CANSLIM, but were uncomfortable with individual stocks. I saw several factors, not the least of which was the authorized structure of the fund. The fund could not short, but could be as much as 50% cash. Ryan stayed in cash to the max during several critical rallies, and got left behind. I worked at the time for a broker dealer where we paid for live picks from WON and his team. I felt Ryan was diverging from what I was seeing from WON, who was leaning more towards larger cap stocks, and being fully invested. Ryan didn't seem to believe the market was going to move higher, held cash (rather than invest it defensively), and seemed lukewarm on growth stocks. To me at the time, seemed to be a lack of confidence and indecision. Ryan's claim to fame was three time winner of a national investing contest. That is not the same as running a mutual fund. I know I have learned a lot about managing a mutual fund from my VR Fund. ----- Original Message ----- From: J. Lobatto To: canslim@lists.xmission.com Sent: Sunday, August 18, 2002 9:45 AMSubject: Re: [CANSLIM] David Ryan Tom, Interesting that a guy who was apparently brilliantly successful earlier failed miserably as a fund manager. Do you think it was a result of unfavorable market conditions or did he stray from CANSLIM, or was it something else?----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Sunday, August 18, 2002 9:39 AMSubject: Re: [CANSLIM] David Ryan I heard he and WON parted ways after the mutual fund fell flat on its face. I think he is still in the industry, but don't know where. Wasn't impressed with his performance running the fund, nor some of his decision making, so had no further interest in his performance. ----- Original Message ----- From: J. Lobatto To: canslim@lists.xmission.com Sent: Sunday, August 18, 2002 9:33 AMSubject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do recall that he and WON started a mutual fund several years ago that had mediocre performance and that was bought out by a fund family. Does he still manage money these days and if so, anyone aware of a track record? Jon Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1992993991-1029767632=:77093 Content-Type: text/html; charset=us-ascii

In the book THE BEST conversations w/ top traders Ryan basically says he manages other peoples $ differently than he'd manage his own  p141

 Tom Worley wrote:

I was watching the fund fairly closely at the time, as I had put a number of clients into it that wanted to do CANSLIM, but were uncomfortable with individual stocks.
 
I saw several factors, not the least of which was the authorized structure of the fund.
 
The fund could not short, but could be as much as 50% cash.  Ryan stayed in cash to the max during several critical rallies, and got left behind.
 
I worked at the time for a broker dealer where we paid for live picks from WON and his team. I felt Ryan was diverging from what I was seeing from WON, who was leaning more towards larger cap stocks, and being fully invested. Ryan didn't seem to believe the market was going to move higher, held cash (rather than invest it defensively), and seemed lukewarm on growth stocks. To me at the time, seemed to be a lack of confidence and indecision.
 
Ryan's claim to fame was three time winner of a national investing contest. That is not the same as running a mutual fund. I know I have learned a lot about managing a mutual fund from my VR Fund.
 
----- Original Message -----
From: J. Lobatto
Sent: Sunday, August 18, 2002 9:45 AM
Subject: Re: [CANSLIM] David Ryan

Tom,
 
Interesting that a guy who was apparently brilliantly successful earlier failed miserably as a fund manager. Do you think it was a result of unfavorable market conditions or did he stray from CANSLIM, or was it something else?
----- Original Message -----
From: Tom Worley
Sent: Sunday, August 18, 2002 9:39 AM
Subject: Re: [CANSLIM] David Ryan

I heard he and WON parted ways after the mutual fund fell flat on its face. I think he is still in the industry, but don't know where. Wasn't impressed with his performance running the fund, nor some of his decision making, so had no further interest in his performance.
 
----- Original Message -----
From: J. Lobatto
Sent: Sunday, August 18, 2002 9:33 AM
Subject: [CANSLIM] David Ryan

Anyone know the whereabouts or whatabouts of David Ryan? I do recall that he and WON started a mutual fund several years ago that had mediocre performance and that was bought out by a fund family. Does he still manage money these days and if so, anyone aware of a track record?
 
Jon


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HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1992993991-1029767632=:77093-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: RE: [CANSLIM] ANSI Date: 19 Aug 2002 08:02:11 -0700 (PDT) --0-199246939-1029769331=:33937 Content-Type: text/plain; charset=us-ascii it also looks like it had double bottom at 28 and change Mike Gibbons wrote:Hi Ann, IHHO the cup starting at 6/11 is not valid because there wasn't a 30% run up to that point. You have to go back to 1/15 to find the true start of the cup. Here's what my software thinks is the ANSI base. http://www.cwhcharts.com/charts/cwhchart.php?symbol=ANSI&today=2002-08-16 Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 3:22 PM I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-199246939-1029769331=:33937 Content-Type: text/html; charset=us-ascii

it also looks like it had double bottom at 28 and change

 Mike Gibbons wrote:

Hi Ann,

IHHO the cup starting at 6/11 is not valid because there wasn't a 30% run up
to that point. You have to go back to 1/15 to find the true start of the
cup.

Here's what my software thinks is the ANSI base.

http://www.cwhcharts.com/charts/cwhchart.php?symbol=ANSI&today=2002-08-16


Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com


-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann
Sent: Friday, August 16, 2002 3:22 PM
To: CANSLIM Listserv
Subject: [CANSLIM] ANSI


I am trying to figure out whether there is a base or not.

On the daily chart, I see a cup and handle starting at 6/11, forming the
right rim on 8/7, and now forming handle.

But when I look at the weekly chart, I see a possible larger chart starting
in January.

The volume on the weekly chart looks very promising.

Ann


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-"unsubscribe canslim". Do not use quotes in your email.


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Do You Yahoo!?
HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-199246939-1029769331=:33937-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Marc Deiter Subject: [CANSLIM] 8 week / 20% rule question Date: 19 Aug 2002 08:08:28 -0700 (PDT) I don't currently have HTMMIS with me or I would look this up, but when calculating if a stock has advanced 20% in 8 weeks, is the purchase price or the pivot point used? The difference can be up to 5%. Thanks, Marc __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] 8 week / 20% rule question Date: 19 Aug 2002 10:31:42 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_02F7_01C2476B.9BEDF050 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Marc, My understanding has always been that WON was buying at the pivot and = therefore all of his discussions were based on the "optimal buy point" = which were then one in the same. I pulled my copy of the new edition of = HTMMIS to be sure, because I think this is somewhat open to = interpretation.=20 from p. 103: "...I'd buy each stock exactly at the pivot buy point and = have the discipline not to pyramid or add to my position more than 5% = past that point. Then I'd sell each stock when it was up 20%." When pyramiding and determining the 8% stop loss sell rule, for example, = WON suggests that the "price" you use is your choice, either an average = price or the actual purchase price for each lot. However, the discussion = on p. 103 is not a "sell rule" as much as it is a description of the = evolution of his portfolio management, as he explains the rationale for = taking some profits along the way. Later, he suggests under sell rules: from p. 110: "If you cut all losses at 7% or 8%, take a few profits when = up 25% or 30%. Compounding three gains like this could give you 100% or = more gain. However, don't sell for 25% or 30% gains any market leader = with institutional support that's up 20% in only one, two or three weeks = from the pivot buy point on a proper base. Those could be your big = leaders and should be held for a potentially greater profit." I think the key here is that he is suggesting a rise from the pivot, not = from the buy price. (Somewhat related: He also refers to the pivot as = the point from which you calculate gains for determining base count.) Katherine ----- Original Message -----=20 Sent: Monday, August 19, 2002 10:08 AM |=20 | I don't currently have HTMMIS with me or I would look this up, but | when calculating if a stock has advanced 20% in 8 weeks, is the | purchase price or the pivot point used? The difference can be up to | 5%. |=20 | Thanks, | Marc |=20 | __________________________________________________ | Do You Yahoo!? | HotJobs - Search Thousands of New Jobs | http://www.hotjobs.com |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_02F7_01C2476B.9BEDF050 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Marc,
 
My understanding has always been that WON was buying at the pivot = and=20 therefore all of his discussions were based on the "optimal buy point" = which=20 were then one in the same. I pulled my copy of the new edition of HTMMIS = to be=20 sure, because I think this is somewhat open to interpretation.
 
from p. 103: "...I'd buy each stock exactly at the pivot buy point = and have=20 the discipline not to pyramid or add to my position more than 5% past = that=20 point. Then I'd sell each stock when it was up 20%."
 
When pyramiding and determining the 8% stop loss sell rule, for = example,=20 WON suggests that the "price" you use is your choice, either an average = price or=20 the actual purchase price for each lot. However, the discussion on p. = 103 is not=20 a "sell rule" as much as it is a description of the evolution of his = portfolio=20 management, as he explains the rationale for taking some profits along = the way.=20 Later, he suggests under sell rules:
 
from p. 110: "If you cut all losses at 7% or 8%, take a few profits = when up=20 25% or 30%. Compounding three gains like this could give you 100% or = more gain.=20 However, don't sell for 25% or 30% gains any market leader with = institutional=20 support that's up 20% in only one, two or three weeks from the pivot buy = point=20 on a proper base. Those could be your big leaders and should be held for = a=20 potentially greater profit."
 
I think the key here is that he is suggesting a rise from the=20 pivot, not from the buy price. (Somewhat related: He also refers to = the=20 pivot as the point from which you calculate gains for determining base=20 count.)
 
Katherine
 
----- Original Message -----=20
From: "Marc Deiter" <dites@yahoo.com>
To: <canslim@lists.xmission.com= >
Sent: Monday, August 19, 2002 10:08 AM
Subject: [CANSLIM] 8 week / 20% rule question

|
| I don't currently have HTMMIS with me or I would = look=20 this up, but
| when calculating if a stock has advanced 20% in 8 = weeks, is=20 the
| purchase price or the pivot point used?  The difference = can be up=20 to
| 5%.
|
| Thanks,
| Marc
|
|=20 __________________________________________________
| Do You = Yahoo!?
|=20 HotJobs - Search Thousands of New Jobs
| http://www.hotjobs.com
|
| = -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_02F7_01C2476B.9BEDF050-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Rubin" Subject: [CANSLIM] CVH Date: 19 Aug 2002 12:13:59 -0400 CVH recent "breakout" was discounted due to the short handle. Looks like today it is breaking out of a new handle on nice volume. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 11:36:29 -0500 One of the risks with CANSLIM - too many investors ready to pounce on too few stocks. We have been stalking CVH for quite a while. We put in an order prior to it reaching its pivot (cheating) when NYSE on level two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist did not open the book until $34.50. The specialist claimed "order imbalance" but my source at Pershing said he was working another book. We were quite upset The stock moved over $2.00 on an imbalance of 110,000 shs. The market maker was caught flatfooted. We quickly sold out of our position because we were over the 5% threshold. Those trading Island or other ECN's may have been filled around 32.40-32.50. We watch Time and Sales on all our fills and the only prints were coming from ECN's. With CANSLIM being one of the most popular strategies for individual investors, execution is becoming more and more difficult. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 09:58:31 -0700 Ed, An interesting view of the trade. As most of us are your run-of-the-mill discount broker investors, its quite interesting to see the trade from your perspective. Couple of things this brings up to me: How different would this scenario have been if it was a nasdaq listed issue. More importantly with the speed of order execution these days, perhaps the human market maker is starting to reach their operating limits? Note: my knowledge of internal market workings is very weak compared to some here but I've often wondered about the purely electronic trade vs. the human market maker element. I realize there is quite a tradition involved with human market maker and that is very important for many folks - especially the large block traders. -Bill ----- Original Message ----- Sent: Monday, August 19, 2002 9:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Scott Gettis" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 10:17:20 -0700 one approach would be to buy within limits with a buy stop limit order. That way u can prevent getting a bad fill and taking extra risk. --Scott -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Monday, August 19, 2002 9:36 AM One of the risks with CANSLIM - too many investors ready to pounce on too few stocks. We have been stalking CVH for quite a while. We put in an order prior to it reaching its pivot (cheating) when NYSE on level two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist did not open the book until $34.50. The specialist claimed "order imbalance" but my source at Pershing said he was working another book. We were quite upset The stock moved over $2.00 on an imbalance of 110,000 shs. The market maker was caught flatfooted. We quickly sold out of our position because we were over the 5% threshold. Those trading Island or other ECN's may have been filled around 32.40-32.50. We watch Time and Sales on all our fills and the only prints were coming from ECN's. With CANSLIM being one of the most popular strategies for individual investors, execution is becoming more and more difficult. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 11:32:40 -0600 Specialist are corrupt. That might be to strong a statement but not by much. NYSE fills take forever if you are lucky to get any at all. Whereas Nas usually works quite well. If you were to take a couple of senators and give each of them an account to day trade for one week they would make the NYSE go electronic. I can get filled on 2,000 shares on regular nasdaq issues in 2-5 seconds usually but on NYSE half the time a few seconds AFTER putting in an order the Bid is mysteriously raised one cent so then I raise and it raises then a few cents later if I still want the stock I finally get filled. Whenever I try market orders which isnt often I get filled ten cents away from where the market is trading. My vote is for the NYSE to go electronic. Of course for longer term positions i.e. CANSLIM it doesnt matter as much but still things like order imbalances dont happen on Nasdaq issues because it is a free market. Thats my rant for today. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Scott Gettis Sent: Monday, August 19, 2002 11:17 AM one approach would be to buy within limits with a buy stop limit order. That way u can prevent getting a bad fill and taking extra risk. --Scott -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Monday, August 19, 2002 9:36 AM One of the risks with CANSLIM - too many investors ready to pounce on too few stocks. We have been stalking CVH for quite a while. We put in an order prior to it reaching its pivot (cheating) when NYSE on level two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist did not open the book until $34.50. The specialist claimed "order imbalance" but my source at Pershing said he was working another book. We were quite upset The stock moved over $2.00 on an imbalance of 110,000 shs. The market maker was caught flatfooted. We quickly sold out of our position because we were over the 5% threshold. Those trading Island or other ECN's may have been filled around 32.40-32.50. We watch Time and Sales on all our fills and the only prints were coming from ECN's. With CANSLIM being one of the most popular strategies for individual investors, execution is becoming more and more difficult. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Off topic- kinda: Site suggestion for economic data? Date: 19 Aug 2002 11:07:08 -0700 Earnings.com-If you sign up for their calendar they will email you daily with any economic data real numbers and what it was expected to be. >From: "Kelly Short" >Reply-To: canslim@lists.xmission.com >To: >Subject: [CANSLIM] Off topic- kinda: Site suggestion for economic data? >Date: Mon, 19 Aug 2002 09:00:32 -0500 > >Dear Group, > >Can anyone recommend a good web site that lists economic reports, and more >specifically, a service that will send me emails when major economic >reports are released? > >Signed, > >Econigma wrapped in a riddle > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 13:29:18 -0500 I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 13:56:21 -0500 We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 14:10:52 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_008C_01C2478A.3A2298C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ed, why suggest malfeasance and not file a complaint? ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring = our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, = the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to = the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to pounce = on > too few stocks. We have been stalking CVH for quite a while. We = put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly = sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_008C_01C2478A.3A2298C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ed, why = suggest malfeasance and not=20 file a complaint?
 
 
----- Original Message -----
From:=20 Edward = W. Gjertsen=20 II
Sent: Monday, August 19, 2002 = 1:56=20 PM
Subject: RE: [CANSLIM] = CVH

We had our representative on the NYSE floor go and = speak with=20 the
specialist - he hid behind "order imbalance" - floor = rules.  We=20 were
asked if we wanted to file a complaint - we decided no.  = There=20 will be
many more battles like this.  What is does do is make = us look=20 at
alternatives.  Like I mentioned in an earlier post - Island = and=20 other
ECN's would have given us a fill around 32.50.  So we = are=20 exploring our
execution options.  Our CANSLIM philosophy is = broken=20 down into three
simple parts: Analysis, Money Management and=20 Execution.  This time, the
3rd element, execution, was the = weakest=20 link.  So , instead of
complaining about it, we are doing what = American's do best, head to the
competition with a better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many eyes = on CVH.=20 i was curious what kind of
remedy
is there for this specialist's = malfeasance, especially for buyers @
34.50
and above- more than = 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM] = CVH


>=20 One of the risks with CANSLIM -  too many investors ready to = pounce=20 on
> too few stocks.  We have been stalking CVH for quite a = while.  We put
in
> an order prior to it reaching its = pivot=20 (cheating) when NYSE on level
> two showed $32.40 offer.  = As=20 CANSLIMR's moved in to buy - the
specialist
> did not open = the book=20 until $34.50.  The specialist claimed "order
> imbalance" = but my=20 source at Pershing said he was working another book.
> We were = quite=20 upset  The stock moved over $2.00 on an imbalance of
> = 110,000=20 shs.  The market maker was caught flatfooted.  We quickly=20 sold
> out of our position because we were over the 5%=20 threshold.
>
> Those trading Island or other ECN's may = have been=20 filled around
> 32.40-32.50.  We watch Time and Sales on = all our=20 fills and the only
> prints were coming from ECN's.  With = CANSLIM=20 being one of the most
> popular strategies for individual = investors,=20 execution is becoming
more
> and more = difficult.
>
> Ed=20 Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.
------=_NextPart_000_008C_01C2478A.3A2298C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 14:04:21 -0500 A problem with the buy stop limit order is it is placed low on the totem pole of execution. My understanding is that there is a hierarchy to which types of orders are filled first. This type of order is one of the last one's to be executed. You may want to check with your clearing firm, but I believe this to be the case. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Scott Gettis Sent: Monday, August 19, 2002 12:17 PM one approach would be to buy within limits with a buy stop limit order. That way u can prevent getting a bad fill and taking extra risk. --Scott -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Monday, August 19, 2002 9:36 AM One of the risks with CANSLIM - too many investors ready to pounce on too few stocks. We have been stalking CVH for quite a while. We put in an order prior to it reaching its pivot (cheating) when NYSE on level two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist did not open the book until $34.50. The specialist claimed "order imbalance" but my source at Pershing said he was working another book. We were quite upset The stock moved over $2.00 on an imbalance of 110,000 shs. The market maker was caught flatfooted. We quickly sold out of our position because we were over the 5% threshold. Those trading Island or other ECN's may have been filled around 32.40-32.50. We watch Time and Sales on all our fills and the only prints were coming from ECN's. With CANSLIM being one of the most popular strategies for individual investors, execution is becoming more and more difficult. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 12:10:24 -0700 (PDT) --0-2001876034-1029784224=:36846 Content-Type: text/plain; charset=us-ascii how many shrs traded on the ECN's would you have been able to buy it? "Edward W. Gjertsen II" wrote:We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-2001876034-1029784224=:36846 Content-Type: text/html; charset=us-ascii

how many shrs traded on the ECN's  would you have been able to buy it?

 "Edward W. Gjertsen II" wrote:

We had our representative on the NYSE floor go and speak with the
specialist - he hid behind "order imbalance" - floor rules. We were
asked if we wanted to file a complaint - we decided no. There will be
many more battles like this. What is does do is make us look at
alternatives. Like I mentioned in an earlier post - Island and other
ECN's would have given us a fill around 32.50. So we are exploring our
execution options. Our CANSLIM philosophy is broken down into three
simple parts: Analysis, Money Management and Execution. This time, the
3rd element, execution, was the weakest link. So , instead of
complaining about it, we are doing what American's do best, head to the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CVH

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they don't
have to execute limit orders, although they are within the price window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. david
----- Original Message -----
From: "Edward W. Gjertsen II"
To:
Sent: Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM] CVH


> One of the risks with CANSLIM - too many investors ready to pounce on
> too few stocks. We have been stalking CVH for quite a while. We put
in
> an order prior to it reaching its pivot (cheating) when NYSE on level
> two showed $32.40 offer. As CANSLIMR's moved in to buy - the
specialist
> did not open the book until $34.50. The specialist claimed "order
> imbalance" but my source at Pershing said he was working another book.
> We were quite upset The stock moved over $2.00 on an imbalance of
> 110,000 shs. The market maker was caught flatfooted. We quickly sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50. We watch Time and Sales on all our fills and the only
> prints were coming from ECN's. With CANSLIM being one of the most
> popular strategies for individual investors, execution is becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.


Do You Yahoo!?
HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-2001876034-1029784224=:36846-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 14:13:47 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0018_01C2478A.A2988A40 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit As I posted earlier, we will vote with our order flow, which will be away from the specialist. A good way to get a specialist in hot water is to complain to the public company itself. A specialist is appointed by the company to make a market in its stock. Should enough people complain to CVH, they may take action. Canslimers will run into these problems time and again, as I always suggest, take the high road. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Monday, August 19, 2002 2:11 PM Ed, why suggest malfeasance and not file a complaint? ----- Original Message ----- Sent: Monday, August 19, 2002 1:56 PM We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0018_01C2478A.A2988A40 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

As I posted earlier, we will vote = with our order flow, which will be away from the specialist.  A good way to = get a specialist in hot water is to complain to the public company = itself.  A specialist is appointed by the company to make a market in its = stock.  Should enough people complain to CVH, they may take action.  = Canslimers = will run into these problems time and again, as I always suggest, take the high = road. 

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci
Sent: Monday, August 19, = 2002 2:11 PM
To: canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = CVH

 

Ed, why suggest malfeasance and not file a = complaint?

 

 

----- Original Message = -----

Sent: Monday, August 19, 2002 1:56 PM

Subject: RE: [CANSLIM] CVH

 

We had our representative on the NYSE floor = go and speak with the
specialist - he hid behind "order imbalance" - floor = rules.  We were
asked if we wanted to file a complaint - we decided no.  There will = be
many more battles like this.  What is does do is make us look = at
alternatives.  Like I mentioned in an earlier post - Island and = other
ECN's would have given us a fill around 32.50.  So we are exploring = our
execution options.  Our CANSLIM philosophy is broken down into = three
simple parts: Analysis, Money Management and Execution.  This time, = the
3rd element, execution, was the weakest link.  So , instead of
complaining about it, we are doing what American's do best, head to = the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

-----Original Message-----
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com=

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they = don't
have to execute limit orders, although they are within the price = window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. = david
----- Original Message -----
href=3D"mailto:ed@macktracks.com">ed@macktracks.com>
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
Sent: Monday, August 19, 2002 11:36 AM


> One of the risks with CANSLIM -  too many investors ready to = pounce on
> too few stocks.  We have been stalking CVH for quite a = while.  We put
in
> an order prior to it reaching its pivot (cheating) when NYSE on = level
> two showed $32.40 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did not open the book until $34.50.  The specialist claimed "order
> imbalance" but my source at Pershing said he was working = another book.
> We were quite upset  The stock moved over $2.00 on an = imbalance of
> 110,000 shs.  The market maker was caught flatfooted.  We quickly sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50.  We watch Time and Sales on all our fills and the = only
> prints were coming from ECN's.  With CANSLIM being one of the = most
> popular strategies for individual investors, execution is = becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.

------=_NextPart_000_0018_01C2478A.A2988A40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 14:16:16 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_001F_01C2478A.FB45A6A0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit If my memory serves, we would have been able to be filled on Island many times over at 32.40-32.50. If anyone goes and looks at time and sales, you will see many prints between 32.40 and 34.50 (where the specialist opened the book). All of these trades occurring off the NYSE. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer Sent: Monday, August 19, 2002 2:10 PM how many shrs traded on the ECN's would you have been able to buy it? "Edward W. Gjertsen II" wrote: We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _____ Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs ------=_NextPart_000_001F_01C2478A.FB45A6A0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

If my memory serves, we would have = been able to be filled on Island many times = over at 32.40-32.50.  If anyone goes and looks at time and sales, you will = see many prints between 32.40 and 34.50 (where the specialist opened the = book).  All of these trades occurring off the NYSE.

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer
Sent: Monday, August 19, = 2002 2:10 PM
To: canslim@lists.xmission.com<= /span>
Subject: RE: [CANSLIM] = CVH

 

how many shrs traded on the ECN's  would = you have been able to buy it?

 "Edward W. Gjertsen II" = wrote:

We had our representative on the NYSE floor = go and speak with the
specialist - he hid behind "order imbalance" - floor rules. We = were
asked if we wanted to file a complaint - we decided no. There will = be
many more battles like this. What is does do is make us look at
alternatives. Like I mentioned in an earlier post - Island and other
ECN's would have given us a fill around 32.50. So we are exploring = our
execution options. Our CANSLIM philosophy is broken down into three
simple parts: Analysis, Money Management and Execution. This time, = the
3rd element, execution, was the weakest link. So , instead of
complaining about it, we are doing what American's do best, head to = the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

-----Original Message-----
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they = don't
have to execute limit orders, although they are within the price = window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. = david
----- Original Message -----
To:
Sent: Monday, August 19, 2002 11:36 AM


> One of the risks with CANSLIM - too many investors ready to pounce = on
> too few stocks. We have been stalking CVH for quite a while. We = put
in
> an order prior to it reaching its pivot (cheating) when NYSE on = level
> two showed $32.40 offer. As CANSLIMR's moved in to buy - the
specialist
> did not open the book until $34.50. The specialist claimed = "order
> imbalance" but my source at Pershing said he was working = another book.
> We were quite upset The stock moved over $2.00 on an imbalance = of
> 110,000 shs. The market maker was caught flatfooted. We quickly = sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50. We watch Time and Sales on all our fills and the = only
> prints were coming from ECN's. With CANSLIM being one of the = most
> popular strategies for individual investors, execution is = becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> -
> -To subscribe/unsubscribe, email = "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your = email.

 

Do You Yahoo!?
H= otJobs, a Yahoo! service - Search Thousands of New Jobs

------=_NextPart_000_001F_01C2478A.FB45A6A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 14:31:06 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0091_01C2478D.0DEB7210 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ed, I appreciate your Americana theme. But what happened in CVH today is = not a good thing. Of course you probably part of the old buddy system of = brokers protecting each other. But filing complaints is a heck of a lot = better than facing litigation. david Ed, why suggest malfeasance and not file a complaint? ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:10 PM Subject:=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will = be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are exploring = our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, = the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to = the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. We = put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly = sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0091_01C2478D.0DEB7210 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ed, I appreciate your Americana theme. = But what=20 happened in CVH today is not a good thing. Of course you probably part = of the=20 old buddy system of brokers protecting each other. But filing complaints = is a=20 heck of a lot better than facing litigation. david

 
 
Ed, why = suggest malfeasance and not=20 file a complaint?
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, August 19, 2002 = 2:10=20 PM
Subject: =
 
 
----- Original Message -----
From:=20 Edward W.=20 Gjertsen II
Sent: Monday, August 19, 2002 = 1:56=20 PM
Subject: RE: [CANSLIM] = CVH

We had our representative on the NYSE floor go and = speak with=20 the
specialist - he hid behind "order imbalance" - floor = rules.  We=20 were
asked if we wanted to file a complaint - we decided = no.  There=20 will be
many more battles like this.  What is does do is = make us=20 look at
alternatives.  Like I mentioned in an earlier post - = Island=20 and other
ECN's would have given us a fill around 32.50.  So = we are=20 exploring our
execution options.  Our CANSLIM philosophy is = broken=20 down into three
simple parts: Analysis, Money Management and=20 Execution.  This time, the
3rd element, execution, was the = weakest=20 link.  So , instead of
complaining about it, we are doing = what=20 American's do best, head to the
competition with a better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many = eyes on=20 CVH. i was curious what kind of
remedy
is there for this = specialist's=20 malfeasance, especially for buyers @
34.50
and above- more = than 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too many = investors=20 ready to pounce on
> too few stocks.  We have been = stalking CVH=20 for quite a while.  We put
in
> an order prior to it = reaching=20 its pivot (cheating) when NYSE on level
> two showed $32.40=20 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did=20 not open the book until $34.50.  The specialist claimed = "order
>=20 imbalance" but my source at Pershing said he was working another=20 book.
> We were quite upset  The stock moved over $2.00 = on an=20 imbalance of
> 110,000 shs.  The market maker was caught=20 flatfooted.  We quickly sold
> out of our position = because we=20 were over the 5% threshold.
>
> Those trading Island or = other=20 ECN's may have been filled around
> 32.40-32.50.  We = watch Time=20 and Sales on all our fills and the only
> prints were coming = from=20 ECN's.  With CANSLIM being one of the most
> popular = strategies=20 for individual investors, execution is becoming
more
> and = more=20 difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
------=_NextPart_000_0091_01C2478D.0DEB7210-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Lin Wells" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 14:31:56 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_000E_01C2478D.2B939BD0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit This is an interesting conversation. I am not sure what "Island" and "ECN's" are. If you have the time to enlighten me it would be much appreciated. Thanks, -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. But filing complaints is a heck of a lot better than facing litigation. david Ed, why suggest malfeasance and not file a complaint? ----- Original Message ----- Sent: Monday, August 19, 2002 2:10 PM ----- Original Message ----- Sent: Monday, August 19, 2002 1:56 PM We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_000E_01C2478D.2B939BD0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

 

This is an interesting = conversation.  I am not sure what “Island” and “ECN’s” = are.  If you have the time to enlighten me it would be much = appreciated.

 

Thanks,

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, = 2002 2:31 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CVH

 

Ed, I appreciate your = Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. = But filing complaints is a heck of a lot better than facing litigation. = david


 

 

Ed, why suggest malfeasance and not file a complaint? =

----- Original Message = -----

From: Gene Ricci =

Sent: Monday, August 19, 2002 2:10 PM

Subject:

 

 

----- Original Message = -----

Sent: Monday, August 19, 2002 1:56 PM

Subject: RE: [CANSLIM] CVH

 

We had our representative on the NYSE floor = go and speak with the
specialist - he hid behind "order imbalance" - floor = rules.  We were
asked if we wanted to file a complaint - we decided no.  There will = be
many more battles like this.  What is does do is make us look = at
alternatives.  Like I mentioned in an earlier post - Island and = other
ECN's would have given us a fill around 32.50.  So we are exploring = our
execution options.  Our CANSLIM philosophy is broken down into = three
simple parts: Analysis, Money Management and Execution.  This time, = the
3rd element, execution, was the weakest link.  So , instead of
complaining about it, we are doing what American's do best, head to = the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

-----Original Message-----
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com=

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they = don't
have to execute limit orders, although they are within the price = window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. = david
----- Original Message -----
href=3D"mailto:ed@macktracks.com">ed@macktracks.com>
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
Sent: Monday, August 19, 2002 11:36 AM


> One of the risks with CANSLIM -  too many investors ready to = pounce on
> too few stocks.  We have been stalking CVH for quite a = while.  We put
in
> an order prior to it reaching its pivot (cheating) when NYSE on = level
> two showed $32.40 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did not open the book until $34.50.  The specialist claimed "order
> imbalance" but my source at Pershing said he was working = another book.
> We were quite upset  The stock moved over $2.00 on an = imbalance of
> 110,000 shs.  The market maker was caught flatfooted.  We quickly sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50.  We watch Time and Sales on all our fills and the = only
> prints were coming from ECN's.  With CANSLIM being one of the = most
> popular strategies for individual investors, execution is = becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.

------=_NextPart_000_000E_01C2478D.2B939BD0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] CANSLIM Question: What is a VR Fund Date: 19 Aug 2002 14:36:31 -0500 Tom, I have seen you reference your "VR Fund" on numerous CANSLIM message = board postings. Would you mind sharing with me what that stands for? Is = that Virtual Reality Fund? Kelly=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 14:48:14 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00C3_01C2478F.7293A7D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lin, it is probably not best to trade ECN's for listed stocks. the order = flow is not there. when you trade NYSE stocks a specialist handles your = order And a specialist handles trades-usually-for more than one company. = david ----- Original Message -----=20 From: Lin Wells=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:31 PM Subject: RE: [CANSLIM] CVH This is an interesting conversation. I am not sure what "Island" and = "ECN's" are. If you have the time to enlighten me it would be much = appreciated. Thanks, -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH Ed, I appreciate your Americana theme. But what happened in CVH today = is not a good thing. Of course you probably part of the old buddy system = of brokers protecting each other. But filing complaints is a heck of a = lot better than facing litigation. david=20 =20 Ed, why suggest malfeasance and not file a complaint?=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:10 PM Subject:=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We = were asked if we wanted to file a complaint - we decided no. There = will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are = exploring our execution options. Our CANSLIM philosophy is broken down into = three simple parts: Analysis, Money Management and Execution. This = time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head = to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a = limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind = of remedy is there for this specialist's malfeasance, especially for buyers = @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. = We put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed = "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance = of > 110,000 shs. The market maker was caught flatfooted. We = quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the = most > popular strategies for individual investors, execution is = becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00C3_01C2478F.7293A7D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lin, it is probably not best to trade = ECN's for=20 listed stocks. the order flow is not there. when you trade NYSE stocks a = specialist handles your order And a specialist handles = trades-usually-for more=20 than one company. david
----- Original Message -----
From:=20 Lin=20 Wells
Sent: Monday, August 19, 2002 = 2:31=20 PM
Subject: RE: [CANSLIM] = CVH

 

This is an=20 interesting conversation.  I am not sure what = “Island” and “ECN’s”=20 are.  If you have the time to enlighten me it would be much=20 appreciated.

 

Thanks,

 

-----Original=20 Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of david = frank
Sent: Monday, August 19, 2002 = 2:31=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM]=20 CVH

 

Ed, I appreciate your = Americana=20 theme. But what happened in CVH today is not a good thing. Of course = you=20 probably part of the old buddy system of brokers protecting each = other. But=20 filing complaints is a heck of a lot better than facing litigation. = david=20


 

 

Ed, why=20 suggest malfeasance and not file a complaint? =

----- Original Message = -----=20

From: Gene = Ricci=20

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 2:10 PM

Subject:=20

 

 

----- = Original=20 Message -----

From: Edward = W. Gjertsen=20 II

To: canslim@lists.xmission.com= =20

Sent:=20 Monday, August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative = on the NYSE=20 floor go and speak with the
specialist - he hid behind "order=20 imbalance" - floor rules.  We were
asked if we wanted to = file a=20 complaint - we decided no.  There will be
many more = battles like=20 this.  What is does do is make us look = at
alternatives.  Like=20 I mentioned in an earlier post - Island and other
ECN's would = have=20 given us a fill around 32.50.  So we are exploring = our
execution=20 options.  Our CANSLIM philosophy is broken down into = three
simple=20 parts: Analysis, Money Management and Execution.  This time,=20 the
3rd element, execution, was the weakest link.  So , = instead=20 of
complaining about it, we are doing what American's do best, = head to=20 the
competition with a better product.

Ed Gjertsen = II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To:=20 canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't=20 work sometimes- because they don't
have to execute limit = orders,=20 although they are within the price window.
of
course. there = were too=20 many eyes on CVH. i was curious what kind of
remedy
is there = for=20 this specialist's malfeasance, especially for buyers = @
34.50
and=20 above- more than 10 minutes after placing their market orders.=20 david
----- Original Message -----
From: "Edward W. Gjertsen = II"=20 <ed@macktracks.com>
To:=20 <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too many = investors ready to pounce on
> too few stocks.  We have = been=20 stalking CVH for quite a while.  We put
in
> an = order prior=20 to it reaching its pivot (cheating) when NYSE on level
> two = showed=20 $32.40 offer.  As CANSLIMR's moved in to buy -=20 the
specialist
> did not open the book until = $34.50.  The=20 specialist claimed "order
> imbalance" but my source at = Pershing=20 said he was working another book.
> We were quite = upset  The=20 stock moved over $2.00 on an imbalance of
> 110,000 = shs.  The=20 market maker was caught flatfooted.  We quickly sold
> = out of=20 our position because we were over the 5% = threshold.
>
> Those=20 trading Island or other ECN's may have been filled around
>=20 32.40-32.50.  We watch Time and Sales on all our fills and = the=20 only
> prints were coming from ECN's.  With CANSLIM = being one=20 of the most
> popular strategies for individual investors, = execution=20 is becoming
more
> and more difficult.
>
> Ed = Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 -In the email body, write "subscribe canslim" or
> = -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.

------=_NextPart_000_00C3_01C2478F.7293A7D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 14:41:29 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_002C_01C2478E.814A6620 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit David -Being in this business for as long as I have and going through this several times in the past, I have a good idea of where the end game is. There are rules in place that protect the specialist. As with any litigation, proving malfeasance or an intent to harm is difficult. In regard to your accusation of being part of the old buddy system, I chose not to respond to an obviously flippant comment. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. But filing complaints is a heck of a lot better than facing litigation. david Ed, why suggest malfeasance and not file a complaint? ----- Original Message ----- Sent: Monday, August 19, 2002 2:10 PM ----- Original Message ----- Sent: Monday, August 19, 2002 1:56 PM We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_002C_01C2478E.814A6620 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

David –Being in this = business for as long as I have and going through this several times in the past, I have = a good idea of where the end game is.  There are rules in place that = protect the specialist.  As with any litigation, proving malfeasance or an = intent to harm is difficult.  In regard to your accusation of being part of = the old buddy system, I chose not to respond to an obviously flippant comment. =

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, = 2002 2:31 PM
To: canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = CVH

 

Ed, I appreciate your = Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. = But filing complaints is a heck of a lot better than facing litigation. = david


 

 

Ed, why suggest malfeasance and not file a complaint? =

----- Original Message = -----

From: Gene Ricci =

Sent: Monday, August 19, 2002 2:10 PM

Subject:

 

 

----- Original Message = -----

Sent: Monday, August 19, 2002 1:56 PM

Subject: RE: [CANSLIM] CVH

 

We had our representative on the NYSE floor = go and speak with the
specialist - he hid behind "order imbalance" - floor = rules.  We were
asked if we wanted to file a complaint - we decided no.  There will = be
many more battles like this.  What is does do is make us look = at
alternatives.  Like I mentioned in an earlier post - Island and = other
ECN's would have given us a fill around 32.50.  So we are exploring = our
execution options.  Our CANSLIM philosophy is broken down into = three
simple parts: Analysis, Money Management and Execution.  This time, = the
3rd element, execution, was the weakest link.  So , instead of
complaining about it, we are doing what American's do best, head to = the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

-----Original Message-----
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com=

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they = don't
have to execute limit orders, although they are within the price = window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. = david
----- Original Message -----
href=3D"mailto:ed@macktracks.com">ed@macktracks.com>
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
Sent: Monday, August 19, 2002 11:36 AM


> One of the risks with CANSLIM -  too many investors ready to = pounce on
> too few stocks.  We have been stalking CVH for quite a = while.  We put
in
> an order prior to it reaching its pivot (cheating) when NYSE on = level
> two showed $32.40 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did not open the book until $34.50.  The specialist claimed "order
> imbalance" but my source at Pershing said he was working = another book.
> We were quite upset  The stock moved over $2.00 on an = imbalance of
> 110,000 shs.  The market maker was caught flatfooted.  We quickly sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50.  We watch Time and Sales on all our fills and the = only
> prints were coming from ECN's.  With CANSLIM being one of the = most
> popular strategies for individual investors, execution is = becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.

------=_NextPart_000_002C_01C2478E.814A6620-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: RE: [CANSLIM] Current Case Study - XRAY Date: 19 Aug 2002 16:02:46 -0400 This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. ------_=_NextPart_001_01C247BB.633CCA60 Content-Type: text/plain; charset="iso-8859-1" Katherine, Thank you very much! Usually I have to pay tuition or consulting fees to get advice as good as yours. I feel fortunate to be in this group. Thanks, jg -----Original Message----- Sent: Wednesday, August 14, 2002 2:08 PM Hi Jeffrey, I've had your question set a side since you posted, because frankly, XRAY's pattern did not fit the mold of the "Healthy Rising Stock" in which you can easily count bases and I was clueless as to how to answer. Here's what I *did* know by looking at XRAY's chart: -This is a stock on the rise, each time sporting a new, valid, base as it progresses along the uptrending path. In that sense, it fits the model of a "healthy rising stock" as I outlined in my notes the other day on the CECO discussion. http://WallStreet-LLC.com/canslim/ HealthyRisingStock.JPG -This is not an ascending base, but instead a series of bases one after the other http://WallStreet-LLC.com/canslim/ TypesOfBases.JPG -The problem with your question is that the rise between each successive base is not at least 25%, which would allow you to "count bases" in a traditional sense. That means that it's unlikely that this would be considered a first stage base. Intuitively, it doesn't make sense that it would be, either. Now, I was stuck, because the advance doesn't fit the mold. So how in the world to count bases? WON says that if it doesn't rise at least 25%, you don't add to the count. But.... I'm still not sure how you would treat something like this in that context. In my mind, if a stock is rising/basing/rising/basing/etc., *especially* in a Bear Market, then there's something going for it. So, to answer your question specifically, I called in the big guns and asked Tim Truebenbach of TradingMarkets.com. Here is his reply in answer to the specific question, "If the rise between bases is <25%, how do you count it?" His answer: "If the rise is less than 25% and the stock forms a new qualifying base (7 weeks or longer) then I would not count the previous base in the base count." [KM Note: a flat base only needs to be >=5wks] But, interestingly, he added this additional comment: "I don't put much weight into base counts during a Bear Market, because a stock that would normally push higher in an orderly fashion gets very choppy. At this point, just look at the most recent base of a stock and assess it from there." Well, there you go... a fresh point of view and something new learned as a result! In our conversation, another very interesting point came up. That is, though I am a fiend about reading market history, my own personal active trading experience is entirely in the '90's. That means that I have mental models of chart patterns formed accordingly. Tim suggested that it would be a great exercise to go back and re-review chart models *prior* to the '90's in HTMMIS and in the CANSLIM/IBD Advanced Seminar notebook (for those who have attended). A great idea and something I'll be adding to my to-do list. So...back to XRAY. Because XRAY hasn't formed a series of bases separated by a rise of 25%, you don't reset the base count. See my annotations at: http://WallStreet-LLC.com/canslim/XRAY081402.jpg. That leaves us with looking at the most current base, a V-shaped cup with no valid handle yet in my mind. (Certainly open to interpretation, so fire away!). See it at: http://WallStreet-LLC.com/canslim/XRAY(2)081402.jpg Katherine PS...Thanks for your question Jeffrey.... a real gold mine of learning for me personally. ----- Original Message ----- Sent: Thursday, August 08, 2002 2:58 PM Hello, another neophyte here. If the most recent pattern for XRAY is a valid CWH, then what stage base is it? I think I see a flat base running from about Feb. 02 until late May. This most recent pattern undercuts the previous pattern. So maybe this is a 1st stage base? Thanks, jg -----Original Message----- Sent: Thursday, August 08, 2002 3:27 PM In view of the interest in current cases rather than 20-20 hindsight, and discussions to aid the learning process, I offer XRAY as an example, which broke out today from a CwH pattern with short handle Firstly, let me add the disclaimer that I'm a programmer who was introduced to CANSLIM as a development project, and I'm 1 year into the 3 yr learning curve, so further comment by the "experts" is welcomed to improve my own understanding. Firstly the fundamentals which are very strong, with the exception that Institutional Ownership is already quite high. There are differing views on what the level should be, but somewhere less than 30% would be better. Additional DD would be required to determine why pre-tax profit margins are decreasing and if that is cause for concern. (This information is drawn from yahoo/multex not IBD) C Current Earnings Earnings per share growth of at least 25% in the most recent quarter Most recent quarter year on year growth. (Published financial data). 35.00 % Latest three quarters of sales growth should be a minimum of 25% Average year on year growth for last 3 quarters. (Published financial data). 51.00 % Sales growth should be accelerating. Difference in year on year growth rates over last 3 quarters. (Published financial data). 23.00 A Strong Annual Earnings Growth Annual earnings growth for the last three years of 25% or greater 3 year compound EPS growth rate. (Published financial data). 53.00 % Return on equity should be at least 17% Published financial data. 21.00 % Pretax profit margins should be increasing Profit Margin for most recent quarter minus profit margin 1 year ago. (Published financial data). -1.00 N New Products, Services or Leadership If a company has a dynamic new product or service, or is capitalizing on new conditions in the economy, this can have a dramatic impact on the price of a stock. Buy stocks just as they emerge from a sound "base" pattern and make new price highs. Not Known S Supply and Demand Watch the demand for shares by looking at the percentage change in volume for each of your stocks. Analyze a stock's daily and weekly price and volume changes. The up/down volume ratio measures the ratio of accumulation days to distribution days over the last 50 days. 0.90 L Leading Stocks in Leading Industry Groups Nearly 50% of a stock's price action is a result of its industry group's performance. Focus on the top industry groups, and within those groups select stocks with the best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). 90 Multex Rank within Industry ( 0 - 99 ). Provided for informational purposes only. (4 week relative performance) 22 The stock's Relative Price Strength Rating should be in the 80s or 90s We calculate RS daily by ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described here. It correlates well with IBD's. Value. Score pro-rated in range 60-79. 83 I Institutional Sponsorship You want at least a few of the better performing mutual funds owning the stock. They're the ones who will drive the stock up on a sustained basis. Institutional Ownership. Value in range 5 - 30% needed to score 1. 79.00 % No. of Institutions. Provided for informational purposes only. 568 M Market Direction You can buy the best stocks, but if the general market is weak, most likely your stocks will be weak also. Because Market Direction is not specific to any one particular stock, we do not evaluate it on a per stock basis. Look at the chart below. Note that the handle is only 3 days long. This is normally insufficient to have shaken out the potential sellers and WON recommends that a handle should be at least 1-2 weeks long, otherwise a breakout is prone to failure. Also the volume in the handle has not dried up. This is often the case in the early days of handle formation and we would like to see the volume decrease below the ADV and the price wedge downwards as the handle progresses. Look at the volume coming up the right side of the cup - consistently above the 50 ADV accompanied by big price positive price movements, with only two days when the stock closed slightly down. It would have been better if the volume had been below the ADV on those days, in which case the stock would have earned a higher CQ (Chart Quality) score. Note the RS line. This is quite high at 83, but has advanced only slightly over the last few days despite significant price gains in this stock. This indicates that other stocks are doing at least as well. The 50 day up/down volume is at 0.90. Values less than 1 mean that the down volume days exceed the up volume days. However, the trend of the line is upwards, which is a positive sign. I'll go out on a limb and say my guess is that todays breakout will not be sustained (although its holding now - just) and it will continue to form a handle. I conclude that this is one to watch but not to buy right now. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com ------_=_NextPart_001_01C247BB.633CCA60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,  Thank you very much!  Usually I have to = pay tuition=20 or consulting fees to get advice as good as yours.  I feel = fortunate to be=20 in this group.  Thanks, jg
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Wednesday, August 14, = 2002 2:08=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Current Case Study - XRAY

Hi Jeffrey,
 
I've had your question set a side since you posted, because = frankly,=20 XRAY's pattern did not fit the mold of the "Healthy Rising Stock" in = which you=20 can easily count bases and I was clueless as to how to answer.
 
Here's what I *did* know by looking at XRAY's chart:
-This is a stock on the rise, each time sporting a new, valid, = base as it=20 progresses along the uptrending path. In that sense, it fits the = model of a=20 "healthy rising stock" as I outlined in my notes the other day on the = CECO=20 discussion.
          &nb= sp;       =20 http:/= /WallStreet-LLC.com/canslim/HealthyRisingStock.JPG

-This is not an = ascending base,=20 but instead a series of bases one after the other

          &nb= sp;       =20 http://WallS= treet-LLC.com/canslim/TypesOfBases.JPG

-The problem with your = question=20 is that the rise between each successive base is not at least 25%, = which would=20 allow you to "count bases" in a traditional sense. That means that = it's=20 unlikely that this would be considered a first stage base. = Intuitively, it=20 doesn't make sense that it would be, either.

 

Now, I was stuck, = because the=20 advance doesn't fit the mold. So how in the world to count bases? WON = says=20 that if it doesn't rise at least 25%, you don't add to the count. = But.... I'm=20 still not sure how you would treat something like this in that = context. In my=20 mind, if a stock is rising/basing/rising/basing/etc., *especially* in = a Bear=20 Market, then there's something going for it. So, to answer your = question=20 specifically, I called in the big guns and asked Tim Truebenbach of=20 TradingMarkets.com.

 

Here is his reply in = answer to=20 the specific question, "If the rise between bases is <25%, how do = you count=20 it?"

His answer: "If the = rise is less=20 than 25% and the stock forms a new qualifying base (7 weeks or = longer) then I=20 would not count the previous base in the base count." [KM Note: a = flat base=20 only needs to be >=3D5wks]

 

But, interestingly, he = added this=20 additional comment: "I don't put much weight into base counts during = a Bear=20 Market, because a stock that would normally push higher in an orderly = fashion=20 gets very choppy. At this point, just look at the most recent base of = a stock=20 and assess it from there."

 

Well, there you go... = a fresh=20 point of view and something new learned as a result!

 

In our conversation, = another very=20 interesting point came up. That is, though I am a fiend about reading = market=20 history, my own personal active trading experience is entirely in the = '90's.=20 That means that I have mental models of chart patterns formed = accordingly. Tim=20 suggested that it would be a great exercise to go back and re-review = chart=20 models *prior* to the '90's in HTMMIS and in the CANSLIM/IBD Advanced = Seminar=20 notebook (for those who have attended). A great idea and something = I'll be=20 adding to my to-do list.

 
So...back to XRAY. Because XRAY hasn't formed a series of bases = separated=20 by a rise of 25%, you don't reset the base count. See my annotations = at: http://WallSt= reet-LLC.com/canslim/XRAY081402.jpg.
 
That leaves us with looking at the most current base, a V-shaped = cup with=20 no valid handle yet in my mind. (Certainly open to interpretation, so = fire=20 away!). See it at: http://Wall= Street-LLC.com/canslim/XRAY(2)081402.jpg
 
Katherine
 
PS...Thanks for your question Jeffrey.... a real gold mine of = learning=20 for me personally.
 
 
----- Original Message -----
From:=20 Gasta, Jeffrey
Sent: Thursday, August 08, = 2002 2:58=20 PM
Subject: RE: [CANSLIM] = Current Case=20 Study - XRAY

Hello, another neophyte here.  If the most recent = pattern for=20 XRAY is a valid CWH, then what stage base is it?  I think I = see a flat=20 base running from about Feb. 02 until late May.  This most = recent=20 pattern undercuts the previous pattern.  So maybe this is a = 1st stage=20 base?  Thanks, jg
-----Original Message-----
From: Mike Gibbons=20 [mailto:mike@proactech.com]
Sent: Thursday, August 08, = 2002 3:27=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Current Case Study - XRAY

In view of the interest in current = cases rather=20 than 20-20 hindsight,  and discussions = to aid the=20 learning process,  I offer XRAY as an = example,=20 which broke out today from a CwH pattern with short=20 handle
 
Firstly, let me add the disclaimer = that I'm a=20 programmer who was introduced to CANSLIM as a development = project, and I'm=20 1 year into the 3 yr learning curve, so further comment by the = "experts"=20 is welcomed to improve my own understanding.
 
Firstly the fundamentals which are very strong, = with the=20 exception that Institutional Ownership is already quite high. = There are=20 differing views on what the level should be, but somewhere less = than 30%=20 would be better. Additional DD would be required to = determine why=20 pre-tax profit margins are decreasing and if that is = cause for=20 concern. (This information is drawn from yahoo/multex not=20 IBD)  
 
C
Current = Earnings
Earnings per share growth = of at least=20 25% in the most recent quarter

Most recent quarter year on = year growth.=20 (Published financial data).

 35.00 % =
Latest three quarters of = sales growth=20 should be a minimum of 25%
Average year on year = growth for last 3=20 quarters. (Published financial data).
 51.00 % =
Sales growth should be = accelerating.=20
Difference in year on year = growth rates=20 over last 3 quarters. (Published financial data). =
23.00 =
A
Strong Annual Earnings=20 Growth
Annual earnings growth for = the last=20 three years of 25% or greater
3 year compound EPS growth = rate.=20 (Published financial data).
 53.00 % =
Return on equity should be = at least=20 17%
Published financial=20 data.
 21.00 = %
Pretax profit margins = should be=20 increasing
Profit Margin for most = recent quarter=20 minus profit margin 1 year ago. (Published financial=20 data).
 -1.00 =
N
New Products, Services or=20 Leadership
If a company has a dynamic = new product=20 or service, or is capitalizing on new conditions in the = economy,=20 this can have a dramatic impact on the price of a stock. = Buy stocks=20 just as they emerge from a sound "base" pattern and make = new price=20 highs.
Not = Known  
S
Supply and Demand =
Watch the demand for = shares by looking=20 at the percentage change in volume for each of your stocks. = Analyze=20 a stock's daily and weekly price and volume changes.=20
The up/down volume ratio = measures the=20 ratio of accumulation days to distribution days over the = last 50=20 days.
 0.90 =
L
Leading Stocks in Leading = Industry=20 Groups
Nearly 50% of a stock's = price action is=20 a result of its industry group's performance. Focus on the = top=20 industry groups, and within those groups select stocks with = the best=20 price performance.
Multex Industry Rank ( 0 - = 99 )
(26=20 week relative performance).
 90 =

Multex Rank within Industry = ( 0 - 99 ).=20 Provided for informational purposes only.
(4 week = relative=20 performance)

 22 =
The stock's Relative Price = Strength=20 Rating should be in the 80s or 90s
We calculate RS daily by = ranking all=20 NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described=20 here. It correlates well with = IBD's. Value.=20 Score pro-rated in range 60-79.
 83 =
I
Institutional=20 Sponsorship
You want at least a few of = the better=20 performing mutual funds owning the stock. They're the ones = who will=20 drive the stock up on a sustained basis.
Institutional Ownership. = Value in range=20 5 - 30% needed to score 1.
 79.00 % =
No. of Institutions. = Provided for=20 informational purposes only.
 568 =
M
Market Direction =
You can buy the best = stocks, but if the=20 general market is weak, most likely your stocks will be = weak=20 also.
Because Market Direction = is not=20 specific to any one particular stock, we do not evaluate it = on a per=20 stock basis.
  
 
Look at the chart below. Note that the = handle is=20 only 3 days long. This is normally insufficient to have shaken = out the=20 potential sellers and WON recommends that a handle should be at = least 1-2=20 weeks long, otherwise a breakout is prone to failure. Also the = volume in=20 the handle has not dried up. This is often the case in the early = days of=20 handle formation and we would like to see the volume decrease = below the=20 ADV and the price wedge downwards as the handle=20 progresses.
 
Look at the volume coming up the = right side of=20 the cup - consistently above the 50 ADV accompanied by big price = positive=20 price movements, with only two days when the stock closed = slightly down.=20 It would have been better if the volume had been below the ADV on = those=20 days, in which case the stock would have earned a higher CQ = (Chart=20 Quality) score.

 Note the=20 RS line. This is quite high at 83, but has advanced only=20 slightly over the last few days despite = significant price gains in this stock. This indicates that other=20 stocks are doing at least as=20 well.
 
The 50 = day up/down=20 volume is at 0.90. Values less than 1 mean that the down volume = days=20 exceed the up volume days. However, the trend of the line is = upwards,=20 which is a positive = sign.
 
 I'll go out on a limb and = say my=20 guess is that todays breakout will not be sustained (although its holding now -=20 just) and it will continue to form a handle.=20
 
I conclude that this is = one to watch=20 but not to buy right=20 = now.
 
3D""
 
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
 
------_=_NextPart_001_01C247BB.633CCA60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 13:25:09 -0700 (PDT) --0-1001579766-1029788709=:39204 Content-Type: text/plain; charset=us-ascii having been there before w/ market makers on NASDAQ I know that you're correct that the specialist is protected and you're complaint will not change anything. It's one of the problems in this business and it sort of forces you to jump the gun sometimes. Besides you won't hear from them for months and who knows where the stock will be at that time. "Edward W. Gjertsen II" wrote: David –Being in this business for as long as I have and going through this several times in the past, I have a good idea of where the end game is. There are rules in place that protect the specialist. As with any litigation, proving malfeasance or an intent to harm is difficult. In regard to your accusation of being part of the old buddy system, I chose not to respond to an obviously flippant comment. Ed Gjertsen II ed@macktracks.com -----Original Message----- Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. But filing complaints is a heck of a lot better than facing litigation. david Ed, why suggest malfeasance and not file a complaint? ----- Original Message ----- Sent: Monday, August 19, 2002 2:10 PM ----- Original Message ----- Sent: Monday, August 19, 2002 1:56 PM We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1001579766-1029788709=:39204 Content-Type: text/html; charset=us-ascii

having been there before w/ market makers on NASDAQ I know that you're correct that the specialist is protected and you're complaint will not change anything. It's one of the problems in this business and it sort of forces you to jump the gun sometimes. Besides you won't hear from them for months and who knows where the stock will be at that time.

 "Edward W. Gjertsen II" wrote:

David –Being in this business for as long as I have and going through this several times in the past, I have a good idea of where the end game is.  There are rules in place that protect the specialist.  As with any litigation, proving malfeasance or an intent to harm is difficult.  In regard to your accusation of being part of the old buddy system, I chose not to respond to an obviously flippant comment.

 

Ed Gjertsen II

ed@macktracks.com

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 2:31 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CVH

 

Ed, I appreciate your Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. But filing complaints is a heck of a lot better than facing litigation. david


 

 

Ed, why suggest malfeasance and not file a complaint?

----- Original Message -----

From: Gene Ricci

Sent: Monday, August 19, 2002 2:10 PM

Subject:

 

 

----- Original Message -----

Sent: Monday, August 19, 2002 1:56 PM

Subject: RE: [CANSLIM] CVH

 

We had our representative on the NYSE floor go and speak with the
specialist - he hid behind "order imbalance" - floor rules.  We were
asked if we wanted to file a complaint - we decided no.  There will be
many more battles like this.  What is does do is make us look at
alternatives.  Like I mentioned in an earlier post - Island and other
ECN's would have given us a fill around 32.50.  So we are exploring our
execution options.  Our CANSLIM philosophy is broken down into three
simple parts: Analysis, Money Management and Execution.  This time, the
3rd element, execution, was the weakest link.  So , instead of
complaining about it, we are doing what American's do best, head to the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CVH

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they don't
have to execute limit orders, although they are within the price window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. david
----- Original Message -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: <canslim@lists.xmission.com>
Sent: Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM] CVH


> One of the risks with CANSLIM -  too many investors ready to pounce on
> too few stocks.  We have been stalking CVH for quite a while.  We put
in
> an order prior to it reaching its pivot (cheating) when NYSE on level
> two showed $32.40 offer.  As CANSLIMR's moved in to buy - the
specialist
> did not open the book until $34.50.  The specialist claimed "order
> imbalance" but my source at Pershing said he was working another book.
> We were quite upset  The stock moved over $2.00 on an imbalance of
> 110,000 shs.  The market maker was caught flatfooted.  We quickly sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50.  We watch Time and Sales on all our fills and the only
> prints were coming from ECN's.  With CANSLIM being one of the most
> popular strategies for individual investors, execution is becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your email.


Do You Yahoo!?
HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1001579766-1029788709=:39204-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 15:33:36 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_002D_01C24795.C8B7C0A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is that what this is all about.... 'getting a specialist in hot water'? = Since you claim to have been affected, the buck should stop at your = door... you should file a complaint and give the offender his day in = 'court' rather than hope 'others' do it for you. Gene=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:13 PM Subject: RE: [CANSLIM] CVH As I posted earlier, we will vote with our order flow, which will be = away from the specialist. A good way to get a specialist in hot water = is to complain to the public company itself. A specialist is appointed = by the company to make a market in its stock. Should enough people = complain to CVH, they may take action. Canslimers will run into these = problems time and again, as I always suggest, take the high road. =20 Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Monday, August 19, 2002 2:11 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH Ed, why suggest malfeasance and not file a complaint? ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will = be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are exploring = our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, = the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to = the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. We = put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly = sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_002D_01C24795.C8B7C0A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Is that what this is all about.... = 'getting a=20 specialist in hot water'? Since you claim to have been affected, the = buck should=20 stop at your door... you should file a complaint and give the offender = his day=20 in 'court' rather than hope 'others' do it for you.
 
Gene 
----- Original Message -----
From:=20 Edward = W. Gjertsen=20 II
Sent: Monday, August 19, 2002 = 2:13=20 PM
Subject: RE: [CANSLIM] = CVH

As I posted earlier, we will = vote with=20 our order flow, which will be away from the specialist.  A good = way to=20 get a specialist in hot water is to complain to the public company=20 itself.  A specialist is appointed by the company to make a = market in its=20 stock.  Should enough people complain to CVH, they may take = action. =20 Canslimers will run = into these=20 problems time and again, as I always suggest, take the high = road. =20

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Gene=20 Ricci
Sent: Monday, = August=20 19, 2002 2:11 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CVH

 

Ed, why=20 suggest malfeasance and not file a=20 complaint?

 

 

----- Original Message = -----=20

From: Edward = W. Gjertsen=20 II

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative = on the NYSE=20 floor go and speak with the
specialist - he hid behind "order = imbalance"=20 - floor rules.  We were
asked if we wanted to file a = complaint - we=20 decided no.  There will be
many more battles like = this.  What=20 is does do is make us look at
alternatives.  Like I = mentioned in an=20 earlier post - Island and other
ECN's would have given us a fill = around=20 32.50.  So we are exploring our
execution options.  Our = CANSLIM=20 philosophy is broken down into three
simple parts: Analysis, = Money=20 Management and Execution.  This time, the
3rd element, = execution,=20 was the weakest link.  So , instead of
complaining about it, = we are=20 doing what American's do best, head to the
competition with a = better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many = eyes on=20 CVH. i was curious what kind of
remedy
is there for this = specialist's=20 malfeasance, especially for buyers @
34.50
and above- more = than 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too many = investors=20 ready to pounce on
> too few stocks.  We have been = stalking CVH=20 for quite a while.  We put
in
> an order prior to it = reaching=20 its pivot (cheating) when NYSE on level
> two showed $32.40=20 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did=20 not open the book until $34.50.  The specialist claimed = "order
>=20 imbalance" but my source at Pershing said he was working another=20 book.
> We were quite upset  The stock moved over $2.00 = on an=20 imbalance of
> 110,000 shs.  The market maker was caught=20 flatfooted.  We quickly sold
> out of our position = because we=20 were over the 5% threshold.
>
> Those trading Island or = other=20 ECN's may have been filled around
> 32.40-32.50.  We = watch Time=20 and Sales on all our fills and the only
> prints were coming = from=20 ECN's.  With CANSLIM being one of the most
> popular = strategies=20 for individual investors, execution is becoming
more
> and = more=20 difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your=20 email.

------=_NextPart_000_002D_01C24795.C8B7C0A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 16:29:12 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0025_01C2479D.90A5FCB0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit PLEASE, let's don't get one of this personal exchanges going again. If you must throw barbs, do it OFF LIST. Otherwise, you face a strong chance of being vaporized!! Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. Gjertsen II Sent: Monday, August 19, 2002 3:41 PM David -Being in this business for as long as I have and going through this several times in the past, I have a good idea of where the end game is. There are rules in place that protect the specialist. As with any litigation, proving malfeasance or an intent to harm is difficult. In regard to your accusation of being part of the old buddy system, I chose not to respond to an obviously flippant comment. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. But filing complaints is a heck of a lot better than facing litigation. david Ed, why suggest malfeasance and not file a complaint? ----- Original Message ----- Sent: Monday, August 19, 2002 2:10 PM ----- Original Message ----- Sent: Monday, August 19, 2002 1:56 PM We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0025_01C2479D.90A5FCB0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
PLEASE, let's = don't get one=20 of this personal exchanges going again.  If you must throw barbs, = do it OFF=20 LIST.  Otherwise, you face a strong chance of being=20 vaporized!!
 
Duke
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Edward W. Gjertsen II
Sent: Monday, = August 19,=20 2002 3:41 PM
To: = canslim@lists.xmission.com
Subject: RE:=20 [CANSLIM] CVH

David –Being in this = business for as long=20 as I have and going through this several times in the past, I have a = good idea=20 of where the end game is.  There are rules in place that protect = the=20 specialist.  As with any litigation, proving malfeasance or an = intent to=20 harm is difficult.  In regard to your accusation of being part of = the old=20 buddy system, I chose not to respond to an obviously flippant comment. =

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david=20 frank
Sent: Monday, = August=20 19, 2002 2:31 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CVH

 

Ed, I appreciate your = Americana=20 theme. But what happened in CVH today is not a good thing. Of course = you=20 probably part of the old buddy system of brokers protecting each = other. But=20 filing complaints is a heck of a lot better than facing litigation. = david=20


 

 

Ed, why=20 suggest malfeasance and not file a complaint? =

----- Original Message = -----=20

From: Gene = Ricci=20

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 2:10 PM

Subject:=20

 

 

----- = Original=20 Message -----

From: Edward = W. Gjertsen=20 II

To: canslim@lists.xmission.com= =20

Sent:=20 Monday, August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative = on the NYSE=20 floor go and speak with the
specialist - he hid behind "order=20 imbalance" - floor rules.  We were
asked if we wanted to = file a=20 complaint - we decided no.  There will be
many more = battles like=20 this.  What is does do is make us look = at
alternatives.  Like=20 I mentioned in an earlier post - Island and other
ECN's would = have=20 given us a fill around 32.50.  So we are exploring = our
execution=20 options.  Our CANSLIM philosophy is broken down into = three
simple=20 parts: Analysis, Money Management and Execution.  This time,=20 the
3rd element, execution, was the weakest link.  So , = instead=20 of
complaining about it, we are doing what American's do best, = head to=20 the
competition with a better product.

Ed Gjertsen = II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To:=20 canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't=20 work sometimes- because they don't
have to execute limit = orders,=20 although they are within the price window.
of
course. there = were too=20 many eyes on CVH. i was curious what kind of
remedy
is there = for=20 this specialist's malfeasance, especially for buyers = @
34.50
and=20 above- more than 10 minutes after placing their market orders.=20 david
----- Original Message -----
From: "Edward W. Gjertsen = II"=20 <ed@macktracks.com>
To:=20 <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too many = investors ready to pounce on
> too few stocks.  We have = been=20 stalking CVH for quite a while.  We put
in
> an = order prior=20 to it reaching its pivot (cheating) when NYSE on level
> two = showed=20 $32.40 offer.  As CANSLIMR's moved in to buy -=20 the
specialist
> did not open the book until = $34.50.  The=20 specialist claimed "order
> imbalance" but my source at = Pershing=20 said he was working another book.
> We were quite = upset  The=20 stock moved over $2.00 on an imbalance of
> 110,000 = shs.  The=20 market maker was caught flatfooted.  We quickly sold
> = out of=20 our position because we were over the 5% = threshold.
>
> Those=20 trading Island or other ECN's may have been filled around
>=20 32.40-32.50.  We watch Time and Sales on all our fills and = the=20 only
> prints were coming from ECN's.  With CANSLIM = being one=20 of the most
> popular strategies for individual investors, = execution=20 is becoming
more
> and more difficult.
>
> Ed = Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 -In the email body, write "subscribe canslim" or
> = -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.

------=_NextPart_000_0025_01C2479D.90A5FCB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 19 Aug 2002 15:29:04 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_003B_01C24795.26FC18B0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Thanks Duke - look, I am letting someone else fight my battles for me. My apologies to the rest of the board! Back to picks. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller Sent: Monday, August 19, 2002 3:29 PM PLEASE, let's don't get one of this personal exchanges going again. If you must throw barbs, do it OFF LIST. Otherwise, you face a strong chance of being vaporized!! Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. Gjertsen II Sent: Monday, August 19, 2002 3:41 PM David -Being in this business for as long as I have and going through this several times in the past, I have a good idea of where the end game is. There are rules in place that protect the specialist. As with any litigation, proving malfeasance or an intent to harm is difficult. In regard to your accusation of being part of the old buddy system, I chose not to respond to an obviously flippant comment. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. But filing complaints is a heck of a lot better than facing litigation. david Ed, why suggest malfeasance and not file a complaint? ----- Original Message ----- Sent: Monday, August 19, 2002 2:10 PM ----- Original Message ----- Sent: Monday, August 19, 2002 1:56 PM We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_003B_01C24795.26FC18B0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message

Thanks Duke – look, I am = letting someone else fight my battles for me.  My apologies to the rest of = the board!  Back to picks.

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller
Sent: Monday, August 19, = 2002 3:29 PM
To: canslim@lists.xmission.com<= /span>
Subject: RE: [CANSLIM] = CVH

 

PLEASE, let's don't get one = of this personal exchanges going again.  If you must throw barbs, do it OFF LIST.  Otherwise, you face a strong chance of being = vaporized!!

 

Duke

 

-----Original Message-----
From: = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. Gjertsen II
Sent: Monday, August 19, = 2002 3:41 PM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CVH

David –Being in this business for as long as I have and going through = this several times in the past, I have a good idea of where the end game = is.  There are rules in place that protect the specialist.  As with any litigation, proving malfeasance or an intent to harm is difficult.  = In regard to your accusation of being part of the old buddy system, I chose = not to respond to an obviously flippant comment.

 

Ed = Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, = 2002 2:31 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CVH

 

Ed, I appreciate your = Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. = But filing complaints is a heck of a lot better than facing litigation. = david


 

 

Ed, why suggest malfeasance and not file a complaint? =

----- Original Message = -----

From: Gene Ricci

Sent: Monday, August 19, 2002 2:10 PM

Subject:

 

 

----- Original Message = -----

Sent: Monday, August 19, 2002 1:56 PM

Subject: RE: [CANSLIM] CVH

 

We had our representative on the NYSE floor = go and speak with the
specialist - he hid behind "order imbalance" - floor = rules.  We were
asked if we wanted to file a complaint - we decided no.  There will = be
many more battles like this.  What is does do is make us look = at
alternatives.  Like I mentioned in an earlier post - Island and = other
ECN's would have given us a fill around 32.50.  So we are exploring = our
execution options.  Our CANSLIM philosophy is broken down into = three
simple parts: Analysis, Money Management and Execution.  This time, = the
3rd element, execution, was the weakest link.  So , instead of
complaining about it, we are doing what American's do best, head to = the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

-----Original Message-----
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com=

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they = don't
have to execute limit orders, although they are within the price = window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. = david
----- Original Message -----
href=3D"mailto:ed@macktracks.com">ed@macktracks.com>
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
Sent: Monday, August 19, 2002 11:36 AM


> One of the risks with CANSLIM -  too many investors ready to = pounce on
> too few stocks.  We have been stalking CVH for quite a = while.  We put
in
> an order prior to it reaching its pivot (cheating) when NYSE on = level
> two showed $32.40 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did not open the book until $34.50.  The specialist claimed "order
> imbalance" but my source at Pershing said he was working = another book.
> We were quite upset  The stock moved over $2.00 on an = imbalance of
> 110,000 shs.  The market maker was caught flatfooted.  We quickly sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50.  We watch Time and Sales on all our fills and the = only
> prints were coming from ECN's.  With CANSLIM being one of the = most
> popular strategies for individual investors, execution is = becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.

------=_NextPart_000_003B_01C24795.26FC18B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 17:14:15 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0104_01C247A3.D8450B00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke, Gene, Ed and all others, i do not believe this is not a = personal battle. i believe Ed and I were upset what happened during the = breakout of CVH , which was a fairly good CANSLIM stock. This could be a = very good case study of a specialist- instead of doing a orderly = market-did the contrary and, perhaps,costing fellow canslimers hundred = of thousands of dollars due to his or her's?????????Could tell you more = about some of the facts in this case-but will not for the interest of = this board. Ed, thank you so much for your first posting-very thought = out and right-especially about "with CANSLIM being one of of the most = popular strategies for individual investors, execution is becoming more = and more difficult." my apologies, david ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 3:29 PM Subject: RE: [CANSLIM] CVH Thanks Duke - look, I am letting someone else fight my battles for me. = My apologies to the rest of the board! Back to picks. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller Sent: Monday, August 19, 2002 3:29 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CVH PLEASE, let's don't get one of this personal exchanges going again. = If you must throw barbs, do it OFF LIST. Otherwise, you face a strong = chance of being vaporized!! Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. = Gjertsen II Sent: Monday, August 19, 2002 3:41 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CVH David -Being in this business for as long as I have and going = through this several times in the past, I have a good idea of where the = end game is. There are rules in place that protect the specialist. As = with any litigation, proving malfeasance or an intent to harm is = difficult. In regard to your accusation of being part of the old buddy = system, I chose not to respond to an obviously flippant comment.=20 Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH Ed, I appreciate your Americana theme. But what happened in CVH = today is not a good thing. Of course you probably part of the old buddy = system of brokers protecting each other. But filing complaints is a heck = of a lot better than facing litigation. david=20 =20 Ed, why suggest malfeasance and not file a complaint?=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:10 PM Subject:=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with = the specialist - he hid behind "order imbalance" - floor rules. We = were asked if we wanted to file a complaint - we decided no. There = will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are = exploring our execution options. Our CANSLIM philosophy is broken down into = three simple parts: Analysis, Money Management and Execution. This = time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head = to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david = frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a = limit order in place. although limit orders don't work sometimes- because = they don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind = of remedy is there for this specialist's malfeasance, especially for = buyers @ 34.50 and above- more than 10 minutes after placing their market = orders. david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. = We put in > an order prior to it reaching its pivot (cheating) when NYSE = on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed = "order > imbalance" but my source at Pershing said he was working = another book. > We were quite upset The stock moved over $2.00 on an = imbalance of > 110,000 shs. The market maker was caught flatfooted. We = quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled = around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the = most > popular strategies for individual investors, execution is = becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0104_01C247A3.D8450B00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Duke, Gene, Ed and all others, i do not = believe=20 this is not a personal battle. i believe Ed and I were upset what = happened=20 during the breakout of CVH , which was a fairly good CANSLIM stock. This = could=20 be a very good case study of a specialist- instead of doing a orderly = market-did=20 the contrary and, perhaps,costing fellow canslimers hundred of thousands = of=20 dollars due to his or her's?????????Could tell you more about some of = the facts=20 in this case-but will not for the interest of this board. Ed, thank you = so much=20 for your first posting-very thought out and right-especially about "with = CANSLIM=20 being one of of the most popular strategies for individual investors, = execution=20 is becoming more and more difficult." my apologies, david
----- Original Message -----
From:=20 Edward = W. Gjertsen=20 II
Sent: Monday, August 19, 2002 = 3:29=20 PM
Subject: RE: [CANSLIM] = CVH

Thanks Duke – look, I am = letting someone=20 else fight my battles for me.  My apologies to the rest of the=20 board!  Back to picks.

 

Ed Gjertsen = II

ed@macktracks.com

=

-----Original=20 Message-----
From: = owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Duke=20 Miller
Sent: = Monday, August=20 19, 2002 3:29 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM]=20 CVH

 

PLEASE, let's don't get = one of=20 this personal exchanges going again.  If you must throw barbs, do = it OFF=20 LIST.  Otherwise, you face a strong chance of being=20 vaporized!!

 

Duke

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Edward = W.=20 Gjertsen II
Sent: = Monday,=20 August 19, 2002 3:41 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM]=20 CVH

David –Being in=20 this business for as long as I have and going through this several = times in=20 the past, I have a good idea of where the end game is.  There = are rules=20 in place that protect the specialist.  As with any litigation, = proving=20 malfeasance or an intent to harm is difficult.  In regard to = your=20 accusation of being part of the old buddy system, I chose not to = respond to=20 an obviously flippant comment.

 

Ed Gjertsen=20 II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david=20 frank
Sent: = Monday, August=20 19, 2002 2:31 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CVH

 

Ed, I appreciate your = Americana=20 theme. But what happened in CVH today is not a good thing. Of course = you=20 probably part of the old buddy system of brokers protecting each = other. But=20 filing complaints is a heck of a lot better than facing litigation. = david=20


 

 

Ed, why=20 suggest malfeasance and not file a complaint? =

----- Original = Message -----=20

From: Gene = Ricci=20

To: canslim@lists.xmission.com= =20

Sent:=20 Monday, August 19, 2002 2:10 PM

Subject:=20

 

 

----- Original=20 Message -----

From: Edward W.=20 Gjertsen II

To: canslim@lists.xmission.com= =20

Sent:=20 Monday, August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our = representative on the=20 NYSE floor go and speak with the
specialist - he hid behind = "order=20 imbalance" - floor rules.  We were
asked if we wanted to = file a=20 complaint - we decided no.  There will be
many more = battles like=20 this.  What is does do is make us look = at
alternatives. =20 Like I mentioned in an earlier post - Island and other
ECN's = would=20 have given us a fill around 32.50.  So we are exploring=20 our
execution options.  Our CANSLIM philosophy is broken = down=20 into three
simple parts: Analysis, Money Management and=20 Execution.  This time, the
3rd element, execution, was = the=20 weakest link.  So , instead of
complaining about it, we = are=20 doing what American's do best, head to the
competition with a = better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To:=20 canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit = orders don't=20 work sometimes- because they don't
have to execute limit = orders,=20 although they are within the price window.
of
course. = there were=20 too many eyes on CVH. i was curious what kind of
remedy
is = there=20 for this specialist's malfeasance, especially for buyers=20 @
34.50
and above- more than 10 minutes after placing = their market=20 orders. david
----- Original Message -----
From: "Edward = W.=20 Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too = many=20 investors ready to pounce on
> too few stocks.  We = have been=20 stalking CVH for quite a while.  We put
in
> an = order=20 prior to it reaching its pivot (cheating) when NYSE on = level
> two=20 showed $32.40 offer.  As CANSLIMR's moved in to buy -=20 the
specialist
> did not open the book until = $34.50.  The=20 specialist claimed "order
> imbalance" but my source at = Pershing=20 said he was working another book.
> We were quite = upset  The=20 stock moved over $2.00 on an imbalance of
> 110,000 = shs.  The=20 market maker was caught flatfooted.  We quickly = sold
> out of=20 our position because we were over the 5% = threshold.
>
>=20 Those trading Island or other ECN's may have been filled = around
>=20 32.40-32.50.  We watch Time and Sales on all our fills and = the=20 only
> prints were coming from ECN's.  With CANSLIM = being one=20 of the most
> popular strategies for individual investors, = execution is becoming
more
> and more=20 difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 -In the email body, write "subscribe canslim" or
> = -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.

------=_NextPart_000_0104_01C247A3.D8450B00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mathews, Craig" Subject: RE: [CANSLIM] David Ryan Date: 20 Aug 2002 01:08:32 +0200 This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. ------_=_NextPart_001_01C247D5.563F2460 Content-Type: text/plain; charset="iso-8859-1" Hello Walter, He is managing private funds, I forget the exact SEC designation, looking for 99 investors to invest minimum of 500K each. I received a prospectus last year, did not participate. Craig -----Original Message----- Sent: Sunday, August 18, 2002 1:38 PM Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- Sent: Sunday, August 18, 2002 6:33 AM Anyone know the whereabouts or whatabouts of David Ryan? I do recall that he and WON started a mutual fund several years ago that had mediocre performance and that was bought out by a fund family. Does he still manage money these days and if so, anyone aware of a track record? Jon ------_=_NextPart_001_01C247D5.563F2460 Content-Type: text/html; charset="iso-8859-1"
Hello Walter,
 
He is managing private funds, I forget the exact SEC designation, looking for 99 investors to invest minimum of 500K each.  I received a prospectus last year, did not participate.
 
Craig
-----Original Message-----
From: Walter Wittesch [mailto:waltw@socal.rr.com]
Sent: Sunday, August 18, 2002 1:38 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] David Ryan

Ryan Capital Management
100 Wilshire Blvd
Santa Monica, CA 90401-1110
Phone (310) 260-6805
 
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto
Sent: Sunday, August 18, 2002 6:33 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] David Ryan

Anyone know the whereabouts or whatabouts of David Ryan? I do recall that he and WON started a mutual fund several years ago that had mediocre performance and that was bought out by a fund family. Does he still manage money these days and if so, anyone aware of a track record?
 
Jon
------_=_NextPart_001_01C247D5.563F2460-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] David Ryan Date: 19 Aug 2002 18:31:09 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_019F_01C247AE.96B60CB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable What I find interesting is that David Ryan, I suppose you can call him a = protege of WON, if he made or makes that much money-why would he invest = other people's money? I can hardly keep up my own personal acoounts. = david ----- Original Message -----=20 From: Mathews, Craig=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, August 19, 2002 6:08 PM Subject: RE: [CANSLIM] David Ryan Hello Walter, He is managing private funds, I forget the exact SEC designation, = looking for 99 investors to invest minimum of 500K each. I received a = prospectus last year, did not participate. Craig -----Original Message----- From: Walter Wittesch [mailto:waltw@socal.rr.com] Sent: Sunday, August 18, 2002 1:38 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] David Ryan Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Sunday, August 18, 2002 6:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do recall = that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_019F_01C247AE.96B60CB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
What I find interesting is that = David Ryan, I=20 suppose you can call him a protege of WON, if he made or makes that = much=20 money-why would  he invest other people's money? I can hardly keep = up my=20 own personal acoounts. david
----- Original Message -----
From:=20 Mathews,=20 Craig
Sent: Monday, August 19, 2002 = 6:08=20 PM
Subject: RE: [CANSLIM] David = Ryan

Hello Walter,
 
He=20 is managing private funds, I forget the exact SEC designation, looking = for 99=20 investors to invest minimum of 500K each.  I received a = prospectus last=20 year, did not participate.
 
Craig
-----Original Message-----
From: Walter Wittesch=20 [mailto:waltw@socal.rr.com]
Sent: Sunday, August 18, 2002 = 1:38=20 PM
To: canslim@lists.xmission.com=
Subject:=20 RE: [CANSLIM] David Ryan

Ryan=20 Capital Management
100=20 Wilshire Blvd
Santa Monica, CA 90401-1110
Phone (310) 260-6805
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J.=20 Lobatto
Sent: Sunday, August 18, 2002 6:33 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] David=20 Ryan

Anyone know the whereabouts or = whatabouts of=20 David Ryan? I do recall that he and WON started a mutual fund = several years=20 ago that had mediocre performance and that was bought out by a fund = family.=20 Does he still manage money these days and if so, anyone aware of a = track=20 record?
 
Jon
------=_NextPart_000_019F_01C247AE.96B60CB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] David Ryan Date: 19 Aug 2002 18:26:11 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0054_01C247AD.E52A3CA0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit OPM (other people's money) provides leverage. In a hedge fund environment, a General Partner can earn 20% profit and 1% management fee. Utilizing OPM will enhance a great investor's ability to make money. It's not an altruistic pursuit. The downfall (Read Cramer's and Marty Schwartz's book) is that OPM brings about many more headaches. This is why many in the hedge fund industry close up shop and just trade for themselves, that is if they were successful and did not just blow up. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 6:31 PM What I find interesting is that David Ryan, I suppose you can call him a protege of WON, if he made or makes that much money-why would he invest other people's money? I can hardly keep up my own personal acoounts. david ----- Original Message ----- Sent: Monday, August 19, 2002 6:08 PM Hello Walter, He is managing private funds, I forget the exact SEC designation, looking for 99 investors to invest minimum of 500K each. I received a prospectus last year, did not participate. Craig -----Original Message----- Sent: Sunday, August 18, 2002 1:38 PM Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Sunday, August 18, 2002 6:33 AM Anyone know the whereabouts or whatabouts of David Ryan? I do recall that he and WON started a mutual fund several years ago that had mediocre performance and that was bought out by a fund family. Does he still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_0054_01C247AD.E52A3CA0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

OPM (other people’s money) = provides leverage.  In a hedge fund environment, a General Partner can earn = 20% profit and 1% management fee.  Utilizing OPM will enhance a great = investor’s ability to make money.  It’s not an altruistic pursuit. The = downfall (Read Cramer’s and Marty Schwartz’s book) is that OPM brings = about many more headaches.  This is why many in the hedge fund industry = close up shop and just trade for themselves, that is if they were successful and = did not just blow up.

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, = 2002 6:31 PM
To: canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = David Ryan

 

What I find interesting = is that David Ryan, I suppose you can call him a protege of WON, if he made = or makes that much money-why would  he invest other people's money? I = can hardly keep up my own personal acoounts. david

----- Original Message = -----

Sent: Monday, August 19, 2002 6:08 PM

Subject: RE: [CANSLIM] David Ryan

 

Hello = Walter,

 

He is managing = private funds, I forget the exact SEC designation, looking for 99 investors to = invest minimum of 500K each.  I received a prospectus last year, did not = participate.

 

Craig

-----Original Message-----
From: Walter Wittesch [mailto:waltw@socal.rr.com]
Sent: Sunday, August 18, = 2002 1:38 PM
To: canslim@lists.xmission.com=
Subject: RE: [CANSLIM] = David Ryan

Ryan Capital = Management

100 Wilshire = Blvd

Santa Monica, CA 90401-1110

Phone (310) = 260-6805

 

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto
Sent: Sunday, August 18, = 2002 6:33 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] David = Ryan

Anyone know the whereabouts = or whatabouts of David Ryan? I do recall that he and WON started a mutual = fund several years ago that had mediocre performance and that was bought out = by a fund family. Does he still manage money these days and if so, anyone = aware of a track record?

 

Jon

------=_NextPart_000_0054_01C247AD.E52A3CA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] David Ryan Date: 19 Aug 2002 19:11:13 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01A9_01C247B4.2F80F0E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ed, that is my point. if you have $2 million and make 50% for 1 year-you = have a million profit- using your own account. Why put up with the = headaches of paperwork and people bellyaching about their money? OPM = used be the mantra in the real estate market. most of those real estate = gurus and people that i knew in real estate- using other's people money- = went bankrupt. I lived pretty much lived in a shack-when i met my = wife-sold my rare book collection to the university-bought my first = investment house. Never used OPM or borrowed from the bank. never looked = back-made good. Works the same way in the stock market if one can become = the good investor. I believe Ann mentioned a couple of classic = statements that WON wrote that were in his book-she posted these = recently-very true statements. thank you, david ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 6:26 PM Subject: RE: [CANSLIM] David Ryan OPM (other people's money) provides leverage. In a hedge fund = environment, a General Partner can earn 20% profit and 1% management = fee. Utilizing OPM will enhance a great investor's ability to make = money. It's not an altruistic pursuit. The downfall (Read Cramer's and = Marty Schwartz's book) is that OPM brings about many more headaches. = This is why many in the hedge fund industry close up shop and just trade = for themselves, that is if they were successful and did not just blow = up. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 6:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] David Ryan What I find interesting is that David Ryan, I suppose you can call him = a protege of WON, if he made or makes that much money-why would he = invest other people's money? I can hardly keep up my own personal = acoounts. david ----- Original Message -----=20 From: Mathews, Craig=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, August 19, 2002 6:08 PM Subject: RE: [CANSLIM] David Ryan Hello Walter, He is managing private funds, I forget the exact SEC designation, = looking for 99 investors to invest minimum of 500K each. I received a = prospectus last year, did not participate. Craig -----Original Message----- From: Walter Wittesch [mailto:waltw@socal.rr.com] Sent: Sunday, August 18, 2002 1:38 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] David Ryan Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Sunday, August 18, 2002 6:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do = recall that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_01A9_01C247B4.2F80F0E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ed, that is my point. if you have $2 = million and=20 make 50% for 1 year-you have a million profit- using your own account. = Why put=20 up with the headaches of paperwork and people bellyaching about their = money? OPM=20 used be the mantra in the real estate market. most of those real estate = gurus=20 and people that i knew in real estate- using other's people = money-=20 went bankrupt. I lived pretty much lived in a shack-when i met my = wife-sold my=20 rare book collection to the university-bought my first investment house. = Never=20 used OPM or borrowed from the bank. never looked back-made good. Works = the same=20 way in the stock market if one can become the good investor. I believe=20 Ann mentioned a couple of classic statements  that=20 WON wrote that were in his book-she posted these recently-very = true=20 statements. thank you, david
----- Original Message -----
From:=20 Edward = W. Gjertsen=20 II
Sent: Monday, August 19, 2002 = 6:26=20 PM
Subject: RE: [CANSLIM] David = Ryan

OPM (other people’s = money) provides=20 leverage.  In a hedge fund environment, a General Partner can = earn 20%=20 profit and 1% management fee.  Utilizing OPM will enhance a great = investor’s ability to make money.  It’s not an = altruistic pursuit. The=20 downfall (Read Cramer’s and Marty Schwartz’s book) is that = OPM brings about=20 many more headaches.  This is why many in the hedge fund industry = close=20 up shop and just trade for themselves, that is if they were successful = and did=20 not just blow up.

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david=20 frank
Sent: Monday, = August=20 19, 2002 6:31 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] David=20 Ryan

 

What I find interesting=20 is that David Ryan, I suppose you can call him a protege of = WON, if=20 he made or makes that much money-why would  he invest other = people's=20 money? I can hardly keep up my own personal acoounts.=20 david

----- Original Message = -----=20

From: Mathews,=20 Craig

To: 'canslim@lists.xmission.com'= =20

Sent: Monday,=20 August 19, 2002 6:08 PM

Subject: RE:=20 [CANSLIM] David Ryan

 

Hello=20 Walter,

 

He is=20 managing private funds, I forget the exact SEC designation, looking = for 99=20 investors to invest minimum of 500K each.  I received a = prospectus last=20 year, did not participate.

 

Craig

-----Original=20 Message-----
From: Walter=20 Wittesch [mailto:waltw@socal.rr.com]
Sent: Sunday, August 18, 2002 = 1:38=20 PM
To: canslim@lists.xmission.com=
Subject: RE: [CANSLIM] David=20 Ryan

Ryan=20 Capital Management

100=20 Wilshire Blvd

Santa=20 Monica, CA 90401-1110

Phone=20 (310) 260-6805

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. = Lobatto
Sent: Sunday, August 18, = 2002 6:33=20 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] David=20 Ryan

Anyone know the=20 whereabouts or whatabouts of David Ryan? I do recall that he and = WON=20 started a mutual fund several years ago that had mediocre = performance and=20 that was bought out by a fund family. Does he still manage money = these=20 days and if so, anyone aware of a track = record?

 

Jon

------=_NextPart_000_01A9_01C247B4.2F80F0E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] David Ryan Date: 19 Aug 2002 17:52:50 -0700 (PDT) David Why do any of us do the jobs we do? To earn money and make a living. I work with computers and "sell" my services to my employer. Someone else know how to fix cars and sell his expertise to his employer. You do what you do and have someone pay you for it. David Ryan invests and sell his expertise to whoever is willing to pay him to do it for them. - Fanus --- david frank wrote: > Ed, that is my point. if you have $2 million and > make 50% for 1 year-you have a million profit- using > your own account. Why put up with the headaches of > paperwork and people bellyaching about their money? > OPM used be the mantra in the real estate market. > most of those real estate gurus and people that i > knew in real estate- using other's people money- > went bankrupt. I lived pretty much lived in a > shack-when i met my wife-sold my rare book > collection to the university-bought my first > investment house. Never used OPM or borrowed from > the bank. never looked back-made good. Works the > same way in the stock market if one can become the > good investor. I believe Ann mentioned a couple of > classic statements that WON wrote that were in his > book-she posted these recently-very true statements. > thank you, david > ----- Original Message ----- > From: Edward W. Gjertsen II > To: canslim@lists.xmission.com > Sent: Monday, August 19, 2002 6:26 PM > Subject: RE: [CANSLIM] David Ryan > > > OPM (other people's money) provides leverage. In > a hedge fund environment, a General Partner can earn > 20% profit and 1% management fee. Utilizing OPM > will enhance a great investor's ability to make > money. It's not an altruistic pursuit. The downfall > (Read Cramer's and Marty Schwartz's book) is that > OPM brings about many more headaches. This is why > many in the hedge fund industry close up shop and > just trade for themselves, that is if they were > successful and did not just blow up. > > > > Ed Gjertsen II > > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf > Of david frank > Sent: Monday, August 19, 2002 6:31 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] David Ryan > > > > What I find interesting is that David Ryan, I > suppose you can call him a protege of WON, if he > made or makes that much money-why would he invest > other people's money? I can hardly keep up my own > personal acoounts. david > > ----- Original Message ----- > > From: Mathews, Craig > > To: 'canslim@lists.xmission.com' > > Sent: Monday, August 19, 2002 6:08 PM > > Subject: RE: [CANSLIM] David Ryan > > > > Hello Walter, > > > > He is managing private funds, I forget the exact > SEC designation, looking for 99 investors to invest > minimum of 500K each. I received a prospectus last > year, did not participate. > > > > Craig > > -----Original Message----- > From: Walter Wittesch > [mailto:waltw@socal.rr.com] > Sent: Sunday, August 18, 2002 1:38 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] David Ryan > > Ryan Capital Management > > 100 Wilshire Blvd > > Santa Monica, CA 90401-1110 > > Phone (310) 260-6805 > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of J. Lobatto > Sent: Sunday, August 18, 2002 6:33 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] David Ryan > > Anyone know the whereabouts or whatabouts of > David Ryan? I do recall that he and WON started a > mutual fund several years ago that had mediocre > performance and that was bought out by a fund > family. Does he still manage money these days and if > so, anyone aware of a track record? > > > > Jon > > __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] for DGO subscribers Date: 19 Aug 2002 22:00:20 -0400 in case you didn't notice, they have opened up a new tab for "Fund Center Beta" which is free for the moment. Just started to explore it, starts with the list of top performing funds (nice to see as bad as I am doing with my VR Fund, I am still beating all other small and micro cap funds I see there, as well as all indexes handily). it's late, I am tired, so won't explore it much tonight, but maybe other subscribers can start checking it out. Remember, the more criticisms we send DGO, the longer it is likely to stay in Beta (and free), so wring it dry Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] for DGO subscribers Date: 19 Aug 2002 21:08:51 -0500 Hi Tom, Thanks for the heads-up.....hysterical when I first went to the site.....1st 5 funds listed as "top growth and income funds" were funds that *SHORT* the market. Must be a new definition of "growth and income"! Katherine ----- Original Message ----- Sent: Monday, August 19, 2002 9:00 PM | in case you didn't notice, they have opened up a new tab for "Fund Center | Beta" which is free for the moment. Just started to explore it, starts with | the list of top performing funds (nice to see as bad as I am doing with my | VR Fund, I am still beating all other small and micro cap funds I see there, | as well as all indexes handily). | | it's late, I am tired, so won't explore it much tonight, but maybe other | subscribers can start checking it out. | | Remember, the more criticisms we send DGO, the longer it is likely to stay | in Beta (and free), so wring it dry | | Tom Worley | stkguru@bellsouth.net | AIM: TexWorley | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] for DGO subscribers Date: 19 Aug 2002 22:11:25 -0400 I noticed that the shorts were the elephants on the first list, no surprise, it's been mighty hard making money on the long side ----- Original Message ----- Sent: Monday, August 19, 2002 10:08 PM Hi Tom, Thanks for the heads-up.....hysterical when I first went to the site.....1st 5 funds listed as "top growth and income funds" were funds that *SHORT* the market. Must be a new definition of "growth and income"! Katherine ----- Original Message ----- Sent: Monday, August 19, 2002 9:00 PM | in case you didn't notice, they have opened up a new tab for "Fund Center | Beta" which is free for the moment. Just started to explore it, starts with | the list of top performing funds (nice to see as bad as I am doing with my | VR Fund, I am still beating all other small and micro cap funds I see there, | as well as all indexes handily). | | it's late, I am tired, so won't explore it much tonight, but maybe other | subscribers can start checking it out. | | Remember, the more criticisms we send DGO, the longer it is likely to stay | in Beta (and free), so wring it dry | | Tom Worley | stkguru@bellsouth.net | AIM: TexWorley | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 22:13:08 -0400 market orders are executed ahead of limit orders, limit orders ahead of stop orders ----- Original Message ----- Sent: Monday, August 19, 2002 3:04 PM A problem with the buy stop limit order is it is placed low on the totem pole of execution. My understanding is that there is a hierarchy to which types of orders are filled first. This type of order is one of the last one's to be executed. You may want to check with your clearing firm, but I believe this to be the case. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Scott Gettis Sent: Monday, August 19, 2002 12:17 PM one approach would be to buy within limits with a buy stop limit order. That way u can prevent getting a bad fill and taking extra risk. --Scott -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Monday, August 19, 2002 9:36 AM One of the risks with CANSLIM - too many investors ready to pounce on too few stocks. We have been stalking CVH for quite a while. We put in an order prior to it reaching its pivot (cheating) when NYSE on level two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist did not open the book until $34.50. The specialist claimed "order imbalance" but my source at Pershing said he was working another book. We were quite upset The stock moved over $2.00 on an imbalance of 110,000 shs. The market maker was caught flatfooted. We quickly sold out of our position because we were over the 5% threshold. Those trading Island or other ECN's may have been filled around 32.40-32.50. We watch Time and Sales on all our fills and the only prints were coming from ECN's. With CANSLIM being one of the most popular strategies for individual investors, execution is becoming more and more difficult. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CANSLIM Question: What is a VR Fund Date: 19 Aug 2002 22:15:29 -0400 exactly, everything is real (including the SEC rules on qualifying as a "fund") except the money. managed at www.marketocracy.com ----- Original Message ----- Sent: Monday, August 19, 2002 3:36 PM Tom, I have seen you reference your "VR Fund" on numerous CANSLIM message board postings. Would you mind sharing with me what that stands for? Is that Virtual Reality Fund? Kelly - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 22:18:00 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0099_01C247CE.47264280 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ed, I think the specialist is assigned a particular stock, or option, by = the exchange, not the company, unless things have changed when I was not = looking. ----- Original Message -----=20 Sent: Monday, August 19, 2002 3:13 PM As I posted earlier, we will vote with our order flow, which will be = away from the specialist. A good way to get a specialist in hot water = is to complain to the public company itself. A specialist is appointed = by the company to make a market in its stock. Should enough people = complain to CVH, they may take action. Canslimers will run into these = problems time and again, as I always suggest, take the high road. =20 Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Monday, August 19, 2002 2:11 PM Ed, why suggest malfeasance and not file a complaint? ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring = our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, = the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to = the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to pounce = on > too few stocks. We have been stalking CVH for quite a while. We = put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly = sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0099_01C247CE.47264280 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ed, I think the specialist is assigned a = particular stock,=20 or option, by the exchange, not the company, unless things have changed = when I=20 was not looking.
 
----- Original Message -----=20
From: Edward W. = Gjertsen=20 II
Sent: Monday, August 19, 2002 3:13 PM
Subject: RE: [CANSLIM] CVH

As I posted earlier, we will vote = with our=20 order flow, which will be away from the specialist.  A good way to = get a=20 specialist in hot water is to complain to the public company = itself.  A=20 specialist is appointed by the company to make a market in its = stock. =20 Should enough people complain to CVH, they may take action. =20 Canslimers will run into = these=20 problems time and again, as I always suggest, take the high road. =20

 

Ed Gjertsen II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene = Ricci
Sent: Monday, August 19, 2002 = 2:11=20 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CVH

 

Ed, why=20 suggest malfeasance and not file a = complaint?

 

 

----- Original Message = -----=20

From: Edward W. = Gjertsen=20 II

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative on = the NYSE=20 floor go and speak with the
specialist - he hid behind "order = imbalance" -=20 floor rules.  We were
asked if we wanted to file a complaint - = we=20 decided no.  There will be
many more battles like this.  = What is=20 does do is make us look at
alternatives.  Like I mentioned in = an=20 earlier post - Island and other
ECN's would have given us a fill = around=20 32.50.  So we are exploring our
execution options.  Our = CANSLIM=20 philosophy is broken down into three
simple parts: Analysis, Money=20 Management and Execution.  This time, the
3rd element, = execution, was=20 the weakest link.  So , instead of
complaining about it, we = are doing=20 what American's do best, head to the
competition with a better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many eyes = on CVH.=20 i was curious what kind of
remedy
is there for this specialist's = malfeasance, especially for buyers @
34.50
and above- more than = 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM] = CVH


>=20 One of the risks with CANSLIM -  too many investors ready to = pounce=20 on
> too few stocks.  We have been stalking CVH for quite a = while.  We put
in
> an order prior to it reaching its = pivot=20 (cheating) when NYSE on level
> two showed $32.40 offer.  = As=20 CANSLIMR's moved in to buy - the
specialist
> did not open = the book=20 until $34.50.  The specialist claimed "order
> imbalance" = but my=20 source at Pershing said he was working another book.
> We were = quite=20 upset  The stock moved over $2.00 on an imbalance of
> = 110,000=20 shs.  The market maker was caught flatfooted.  We quickly=20 sold
> out of our position because we were over the 5%=20 threshold.
>
> Those trading Island or other ECN's may = have been=20 filled around
> 32.40-32.50.  We watch Time and Sales on = all our=20 fills and the only
> prints were coming from ECN's.  With = CANSLIM=20 being one of the most
> popular strategies for individual = investors,=20 execution is becoming
more
> and more = difficult.
>
> Ed=20 Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your=20 email.

------=_NextPart_000_0099_01C247CE.47264280-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] David Ryan Date: 19 Aug 2002 22:34:04 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_011A_01C247D0.85EA4E10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable people putting half a million at risk under someone else's management = rarely complain, they knew the risks, took the chance (greed factor) and = vote with their money if not happy with the performance. they also tend to be people too busy with their own successful careers = to manage the markets on a daily basis, all too glad to have someone = else do the worrying and make the decisions, just give them a quarterly = performance report. tend to be in for the long term, just got to keep = them focused on the overall portfolio, not the individual pieces. ----- Original Message -----=20 Sent: Monday, August 19, 2002 8:11 PM Ed, that is my point. if you have $2 million and make 50% for 1 year-you = have a million profit- using your own account. Why put up with the = headaches of paperwork and people bellyaching about their money? OPM = used be the mantra in the real estate market. most of those real estate = gurus and people that i knew in real estate- using other's people money- = went bankrupt. I lived pretty much lived in a shack-when i met my = wife-sold my rare book collection to the university-bought my first = investment house. Never used OPM or borrowed from the bank. never looked = back-made good. Works the same way in the stock market if one can become = the good investor. I believe Ann mentioned a couple of classic = statements that WON wrote that were in his book-she posted these = recently-very true statements. thank you, david ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 6:26 PM Subject: RE: [CANSLIM] David Ryan OPM (other people's money) provides leverage. In a hedge fund = environment, a General Partner can earn 20% profit and 1% management = fee. Utilizing OPM will enhance a great investor's ability to make = money. It's not an altruistic pursuit. The downfall (Read Cramer's and = Marty Schwartz's book) is that OPM brings about many more headaches. = This is why many in the hedge fund industry close up shop and just trade = for themselves, that is if they were successful and did not just blow = up. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 6:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] David Ryan What I find interesting is that David Ryan, I suppose you can call him = a protege of WON, if he made or makes that much money-why would he = invest other people's money? I can hardly keep up my own personal = acoounts. david ----- Original Message -----=20 From: Mathews, Craig=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, August 19, 2002 6:08 PM Subject: RE: [CANSLIM] David Ryan Hello Walter, He is managing private funds, I forget the exact SEC designation, = looking for 99 investors to invest minimum of 500K each. I received a = prospectus last year, did not participate. Craig -----Original Message----- From: Walter Wittesch [mailto:waltw@socal.rr.com] Sent: Sunday, August 18, 2002 1:38 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] David Ryan Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Sunday, August 18, 2002 6:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do = recall that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_011A_01C247D0.85EA4E10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
people putting half a million at risk under = someone else's=20 management rarely complain, they knew the risks, took the chance (greed = factor)=20 and vote with their money if not happy with the = performance.
 
they also tend to be people too busy with their = own=20 successful careers to manage the markets on a daily basis, all too glad = to have=20 someone else do the worrying and make the decisions, just give them a = quarterly=20 performance report. tend to be in for the long term, just got to keep = them=20 focused on the overall portfolio, not the individual = pieces.
 
----- Original Message -----=20
From: david=20 frank
Sent: Monday, August 19, 2002 8:11 PM
Subject: Re: [CANSLIM] David Ryan

Ed, that is my point. if you have $2 = million and=20 make 50% for 1 year-you have a million profit- using your own account. = Why put=20 up with the headaches of paperwork and people bellyaching about their = money? OPM=20 used be the mantra in the real estate market. most of those real estate = gurus=20 and people that i knew in real estate- using other's people = money-=20 went bankrupt. I lived pretty much lived in a shack-when i met my = wife-sold my=20 rare book collection to the university-bought my first investment house. = Never=20 used OPM or borrowed from the bank. never looked back-made good. Works = the same=20 way in the stock market if one can become the good investor. I believe=20 Ann mentioned a couple of classic statements  that=20 WON wrote that were in his book-she posted these recently-very = true=20 statements. thank you, david
----- Original Message -----
From:=20 Edward = W. Gjertsen=20 II
Sent: Monday, August 19, 2002 = 6:26=20 PM
Subject: RE: [CANSLIM] David = Ryan

OPM (other people=92s money) = provides=20 leverage.  In a hedge fund environment, a General Partner can = earn 20%=20 profit and 1% management fee.  Utilizing OPM will enhance a great = investor=92s ability to make money.  It=92s not an altruistic = pursuit. The=20 downfall (Read Cramer=92s and Marty Schwartz=92s book) is that OPM = brings about=20 many more headaches.  This is why many in the hedge fund industry = close=20 up shop and just trade for themselves, that is if they were successful = and did=20 not just blow up.

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david=20 frank
Sent: Monday, = August=20 19, 2002 6:31 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] David=20 Ryan

 

What I find interesting=20 is that David Ryan, I suppose you can call him a protege of = WON, if=20 he made or makes that much money-why would  he invest other = people's=20 money? I can hardly keep up my own personal acoounts.=20 david

----- Original Message = -----=20

From: Mathews,=20 Craig

To: 'canslim@lists.xmission.com'= =20

Sent: Monday,=20 August 19, 2002 6:08 PM

Subject: RE:=20 [CANSLIM] David Ryan

 

Hello=20 Walter,

 

He is=20 managing private funds, I forget the exact SEC designation, looking = for 99=20 investors to invest minimum of 500K each.  I received a = prospectus last=20 year, did not participate.

 

Craig

-----Original=20 Message-----
From: Walter=20 Wittesch [mailto:waltw@socal.rr.com]
Sent: Sunday, August 18, 2002 = 1:38=20 PM
To: canslim@lists.xmission.com=
Subject: RE: [CANSLIM] David=20 Ryan

Ryan=20 Capital Management

100=20 Wilshire Blvd

Santa=20 Monica, CA 90401-1110

Phone=20 (310) 260-6805

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. = Lobatto
Sent: Sunday, August 18, = 2002 6:33=20 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] David=20 Ryan

Anyone know the=20 whereabouts or whatabouts of David Ryan? I do recall that he and = WON=20 started a mutual fund several years ago that had mediocre = performance and=20 that was bought out by a fund family. Does he still manage money = these=20 days and if so, anyone aware of a track = record?

 

Jon

------=_NextPart_000_011A_01C247D0.85EA4E10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 22:46:13 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0148_01C247D2.382C3240 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ed, I must agree. I can recall several episodes where I entered a flurry = of stop loss orders several points under the current price. Suddenly, = with virtually no volume, the bid dropped, a low trade occurred, the = orders converted to market sells and were executed, and within a matter = of minutes the stock was right back where it had been. I was watching = with live quotes, and had no doubt the specialist reacted to the = presence of the orders I had just entered, took advantage to get some = inventory, then took the price back up and made a nice killing for the = afternoon. But really tough to prove what actually happened, or his = intent. I think that is one disadvantage of the floor specialist vs the Nasdaq = market makers. On NYSE and AMEX, one (or at the most two or three) floor = specialists see all orders. On Naz, it may be spread between 15 or 20 = MMers and individual traders. ----- Original Message -----=20 Sent: Monday, August 19, 2002 3:41 PM David -Being in this business for as long as I have and going through = this several times in the past, I have a good idea of where the end game = is. There are rules in place that protect the specialist. As with any = litigation, proving malfeasance or an intent to harm is difficult. In = regard to your accusation of being part of the old buddy system, I chose = not to respond to an obviously flippant comment.=20 Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is = not a good thing. Of course you probably part of the old buddy system of = brokers protecting each other. But filing complaints is a heck of a lot = better than facing litigation. david=20 =20 Ed, why suggest malfeasance and not file a complaint?=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:10 PM Subject:=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will = be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are exploring = our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, = the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to = the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. We = put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly = sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0148_01C247D2.382C3240 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ed, I must agree. I can recall several episodes = where I=20 entered a flurry of stop loss orders several points under the current = price.=20 Suddenly, with virtually no volume, the bid dropped, a low trade = occurred, the=20 orders converted to market sells and were executed, and within a matter = of=20 minutes the stock was right back where it had been. I was watching with = live=20 quotes, and had no doubt the specialist reacted to the presence of the = orders I=20 had just entered, took advantage to get some inventory, then took the = price back=20 up and made a nice killing for the afternoon. But really tough to prove = what=20 actually happened, or his intent.
 
I think that is one disadvantage of the floor = specialist=20 vs the Nasdaq market makers. On NYSE and AMEX, one (or at the most two = or three)=20 floor specialists see all orders. On Naz, it may be spread between 15 or = 20=20 MMers and individual traders.
 
----- Original Message -----=20
From: Edward W. = Gjertsen=20 II
Sent: Monday, August 19, 2002 3:41 PM
Subject: RE: [CANSLIM] CVH

David =96Being in this business = for as long=20 as I have and going through this several times in the past, I have a = good idea=20 of where the end game is.  There are rules in place that protect = the=20 specialist.  As with any litigation, proving malfeasance or an = intent to=20 harm is difficult.  In regard to your accusation of being part of = the old=20 buddy system, I chose not to respond to an obviously flippant comment.=20

 

Ed Gjertsen II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of david = frank
Sent: Monday, August 19, 2002 = 2:31=20 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CVH

 

Ed, I appreciate your = Americana=20 theme. But what happened in CVH today is not a good thing. Of course you = probably part of the old buddy system of brokers protecting each other. = But=20 filing complaints is a heck of a lot better than facing litigation. = david=20


 

 

Ed, why=20 suggest malfeasance and not file a complaint? =

----- Original Message = -----=20

From: Gene Ricci =

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 2:10 PM

Subject:=20

 

 

----- Original Message = -----=20

From: Edward = W. Gjertsen=20 II

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative = on the NYSE=20 floor go and speak with the
specialist - he hid behind "order = imbalance"=20 - floor rules.  We were
asked if we wanted to file a = complaint - we=20 decided no.  There will be
many more battles like = this.  What=20 is does do is make us look at
alternatives.  Like I = mentioned in an=20 earlier post - Island and other
ECN's would have given us a fill = around=20 32.50.  So we are exploring our
execution options.  Our = CANSLIM=20 philosophy is broken down into three
simple parts: Analysis, = Money=20 Management and Execution.  This time, the
3rd element, = execution,=20 was the weakest link.  So , instead of
complaining about it, = we are=20 doing what American's do best, head to the
competition with a = better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many = eyes on=20 CVH. i was curious what kind of
remedy
is there for this = specialist's=20 malfeasance, especially for buyers @
34.50
and above- more = than 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too many = investors=20 ready to pounce on
> too few stocks.  We have been = stalking CVH=20 for quite a while.  We put
in
> an order prior to it = reaching=20 its pivot (cheating) when NYSE on level
> two showed $32.40=20 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did=20 not open the book until $34.50.  The specialist claimed = "order
>=20 imbalance" but my source at Pershing said he was working another=20 book.
> We were quite upset  The stock moved over $2.00 = on an=20 imbalance of
> 110,000 shs.  The market maker was caught=20 flatfooted.  We quickly sold
> out of our position = because we=20 were over the 5% threshold.
>
> Those trading Island or = other=20 ECN's may have been filled around
> 32.40-32.50.  We = watch Time=20 and Sales on all our fills and the only
> prints were coming = from=20 ECN's.  With CANSLIM being one of the most
> popular = strategies=20 for individual investors, execution is becoming
more
> and = more=20 difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your=20 email.

------=_NextPart_000_0148_01C247D2.382C3240-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] David Ryan Date: 19 Aug 2002 22:12:22 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0204_01C247CD.7DB90360 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I wasn't talking about people using david ryan. i am talking about david = ryan par excellent stock investor spending his time managing his own = account versus managing other's peolple's money. ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 9:34 PM Subject: Re: [CANSLIM] David Ryan people putting half a million at risk under someone else's management = rarely complain, they knew the risks, took the chance (greed factor) and = vote with their money if not happy with the performance. they also tend to be people too busy with their own successful careers = to manage the markets on a daily basis, all too glad to have someone = else do the worrying and make the decisions, just give them a quarterly = performance report. tend to be in for the long term, just got to keep = them focused on the overall portfolio, not the individual pieces. ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 8:11 PM Subject: Re: [CANSLIM] David Ryan Ed, that is my point. if you have $2 million and make 50% for 1 = year-you have a million profit- using your own account. Why put up with = the headaches of paperwork and people bellyaching about their money? OPM = used be the mantra in the real estate market. most of those real estate = gurus and people that i knew in real estate- using other's people money- = went bankrupt. I lived pretty much lived in a shack-when i met my = wife-sold my rare book collection to the university-bought my first = investment house. Never used OPM or borrowed from the bank. never looked = back-made good. Works the same way in the stock market if one can become = the good investor. I believe Ann mentioned a couple of classic = statements that WON wrote that were in his book-she posted these = recently-very true statements. thank you, david ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 6:26 PM Subject: RE: [CANSLIM] David Ryan OPM (other people's money) provides leverage. In a hedge fund = environment, a General Partner can earn 20% profit and 1% management = fee. Utilizing OPM will enhance a great investor's ability to make = money. It's not an altruistic pursuit. The downfall (Read Cramer's and = Marty Schwartz's book) is that OPM brings about many more headaches. = This is why many in the hedge fund industry close up shop and just trade = for themselves, that is if they were successful and did not just blow = up. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 6:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] David Ryan What I find interesting is that David Ryan, I suppose you can call = him a protege of WON, if he made or makes that much money-why would he = invest other people's money? I can hardly keep up my own personal = acoounts. david ----- Original Message -----=20 From: Mathews, Craig=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, August 19, 2002 6:08 PM Subject: RE: [CANSLIM] David Ryan Hello Walter, He is managing private funds, I forget the exact SEC designation, = looking for 99 investors to invest minimum of 500K each. I received a = prospectus last year, did not participate. Craig -----Original Message----- From: Walter Wittesch [mailto:waltw@socal.rr.com] Sent: Sunday, August 18, 2002 1:38 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] David Ryan Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Sunday, August 18, 2002 6:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do = recall that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_0204_01C247CD.7DB90360 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I wasn't talking about people using = david ryan. i=20 am talking about david ryan par excellent stock investor  = spending his time managing his own account versus managing other's = peolple's=20 money.
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Monday, August 19, 2002 = 9:34=20 PM
Subject: Re: [CANSLIM] David = Ryan

people putting half a million at risk under = someone=20 else's management rarely complain, they knew the risks, took the = chance (greed=20 factor) and vote with their money if not happy with the=20 performance.
 
they also tend to be people too busy with = their own=20 successful careers to manage the markets on a daily basis, all too = glad to=20 have someone else do the worrying and make the decisions, just give = them a=20 quarterly performance report. tend to be in for the long term, just = got to=20 keep them focused on the overall portfolio, not the individual=20 pieces.
 
----- Original Message -----=20
From: david=20 frank
Sent: Monday, August 19, 2002 8:11 PM
Subject: Re: [CANSLIM] David Ryan

Ed, that is my point. if you have $2 = million and=20 make 50% for 1 year-you have a million profit- using your own account. = Why put=20 up with the headaches of paperwork and people bellyaching about their = money?=20 OPM used be the mantra in the real estate market. most of those real = estate=20 gurus and people that i knew in real estate- using other's = people=20 money- went bankrupt. I lived pretty much lived in a shack-when i met = my=20 wife-sold my rare book collection to the university-bought my first = investment=20 house. Never used OPM or borrowed from the bank. never looked = back-made good.=20 Works the same way in the stock market if one can become the good = investor. I=20 believe Ann mentioned a couple of classic statements =  that=20 WON wrote that were in his book-she posted these = recently-very true=20 statements. thank you, david
----- Original Message -----
From:=20 Edward W.=20 Gjertsen II
Sent: Monday, August 19, 2002 = 6:26=20 PM
Subject: RE: [CANSLIM] David = Ryan

OPM (other people’s = money) provides=20 leverage.  In a hedge fund environment, a General Partner can = earn 20%=20 profit and 1% management fee.  Utilizing OPM will enhance a = great=20 investor’s ability to make money.  It’s not an = altruistic pursuit. The=20 downfall (Read Cramer’s and Marty Schwartz’s book) is = that OPM brings about=20 many more headaches.  This is why many in the hedge fund = industry close=20 up shop and just trade for themselves, that is if they were = successful and=20 did not just blow up.

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david=20 frank
Sent: = Monday, August=20 19, 2002 6:31 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] David=20 Ryan

 

What I find = interesting=20 is that David Ryan, I suppose you can call him a protege = of WON,=20 if he made or makes that much money-why would  he invest other = people's=20 money? I can hardly keep up my own personal acoounts.=20 david

----- = Original=20 Message -----

From: Mathews,=20 Craig

To: 'canslim@lists.xmission.com'= =20

Sent:=20 Monday, August 19, 2002 6:08 PM

Subject: RE:=20 [CANSLIM] David Ryan

 

Hello=20 Walter,

 

He=20 is managing private funds, I forget the exact SEC designation, = looking for=20 99 investors to invest minimum of 500K each.  I received a = prospectus=20 last year, did not participate.

 

Craig

-----Original=20 Message-----
From: Walter=20 Wittesch [mailto:waltw@socal.rr.com]
Sent: Sunday, August 18, = 2002 1:38=20 PM
To: canslim@lists.xmission.com=
Subject: RE: [CANSLIM] = David=20 Ryan

Ryan=20 Capital Management

100=20 Wilshire Blvd

Santa = Monica, CA=20 90401-1110

Phone = (310)=20 260-6805

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. = Lobatto
Sent: Sunday, August 18, = 2002 6:33=20 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] David=20 Ryan

Anyone know the=20 whereabouts or whatabouts of David Ryan? I do recall that he and = WON=20 started a mutual fund several years ago that had mediocre = performance=20 and that was bought out by a fund family. Does he still manage = money=20 these days and if so, anyone aware of a track=20 record?

 

Jon

------=_NextPart_000_0204_01C247CD.7DB90360-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] David Ryan Date: 19 Aug 2002 23:09:45 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0192_01C247D5.81E48B00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable David, it's the same thing when it's managed money. You are already = doing the research and market watching, just now moving with more volume you can still make just as much money on your own personal funds, but = now you are also making money off handling someone else's, putting it in = exactly the same place with no more effort or research ----- Original Message -----=20 Sent: Monday, August 19, 2002 11:12 PM I wasn't talking about people using david ryan. i am talking about david = ryan par excellent stock investor spending his time managing his own = account versus managing other's peolple's money. ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 9:34 PM Subject: Re: [CANSLIM] David Ryan people putting half a million at risk under someone else's management = rarely complain, they knew the risks, took the chance (greed factor) and = vote with their money if not happy with the performance. they also tend to be people too busy with their own successful careers = to manage the markets on a daily basis, all too glad to have someone = else do the worrying and make the decisions, just give them a quarterly = performance report. tend to be in for the long term, just got to keep = them focused on the overall portfolio, not the individual pieces. ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 8:11 PM Subject: Re: [CANSLIM] David Ryan Ed, that is my point. if you have $2 million and make 50% for 1 = year-you have a million profit- using your own account. Why put up with = the headaches of paperwork and people bellyaching about their money? OPM = used be the mantra in the real estate market. most of those real estate = gurus and people that i knew in real estate- using other's people money- = went bankrupt. I lived pretty much lived in a shack-when i met my = wife-sold my rare book collection to the university-bought my first = investment house. Never used OPM or borrowed from the bank. never looked = back-made good. Works the same way in the stock market if one can become = the good investor. I believe Ann mentioned a couple of classic = statements that WON wrote that were in his book-she posted these = recently-very true statements. thank you, david ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 6:26 PM Subject: RE: [CANSLIM] David Ryan OPM (other people's money) provides leverage. In a hedge fund = environment, a General Partner can earn 20% profit and 1% management = fee. Utilizing OPM will enhance a great investor's ability to make = money. It's not an altruistic pursuit. The downfall (Read Cramer's and = Marty Schwartz's book) is that OPM brings about many more headaches. = This is why many in the hedge fund industry close up shop and just trade = for themselves, that is if they were successful and did not just blow = up. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 6:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] David Ryan What I find interesting is that David Ryan, I suppose you can call = him a protege of WON, if he made or makes that much money-why would he = invest other people's money? I can hardly keep up my own personal = acoounts. david ----- Original Message -----=20 From: Mathews, Craig=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, August 19, 2002 6:08 PM Subject: RE: [CANSLIM] David Ryan Hello Walter, He is managing private funds, I forget the exact SEC designation, = looking for 99 investors to invest minimum of 500K each. I received a = prospectus last year, did not participate. Craig -----Original Message----- From: Walter Wittesch [mailto:waltw@socal.rr.com] Sent: Sunday, August 18, 2002 1:38 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] David Ryan Ryan Capital Management 100 Wilshire Blvd Santa Monica, CA 90401-1110 Phone (310) 260-6805 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Sunday, August 18, 2002 6:33 AM To: canslim@lists.xmission.com Subject: [CANSLIM] David Ryan Anyone know the whereabouts or whatabouts of David Ryan? I do = recall that he and WON started a mutual fund several years ago that had = mediocre performance and that was bought out by a fund family. Does he = still manage money these days and if so, anyone aware of a track record? Jon ------=_NextPart_000_0192_01C247D5.81E48B00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
David, it's the same thing when it's managed = money. You=20 are already doing the research and market watching, just now moving with = more=20 volume
 
you can still make just as much money on your = own personal=20 funds, but now you are also making money off handling someone else's, = putting it=20 in exactly the same place with no more effort or research
 
----- Original Message -----=20
From: david=20 frank
Sent: Monday, August 19, 2002 11:12 PM
Subject: Re: [CANSLIM] David Ryan

I wasn't talking about people using = david ryan. i=20 am talking about david ryan par excellent stock investor  = spending his time managing his own account versus managing other's = peolple's=20 money.
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Monday, August 19, 2002 = 9:34=20 PM
Subject: Re: [CANSLIM] David = Ryan

people putting half a million at risk under = someone=20 else's management rarely complain, they knew the risks, took the = chance (greed=20 factor) and vote with their money if not happy with the=20 performance.
 
they also tend to be people too busy with = their own=20 successful careers to manage the markets on a daily basis, all too = glad to=20 have someone else do the worrying and make the decisions, just give = them a=20 quarterly performance report. tend to be in for the long term, just = got to=20 keep them focused on the overall portfolio, not the individual=20 pieces.
 
----- Original Message -----=20
From: david=20 frank
Sent: Monday, August 19, 2002 8:11 PM
Subject: Re: [CANSLIM] David Ryan

Ed, that is my point. if you have $2 = million and=20 make 50% for 1 year-you have a million profit- using your own account. = Why put=20 up with the headaches of paperwork and people bellyaching about their = money?=20 OPM used be the mantra in the real estate market. most of those real = estate=20 gurus and people that i knew in real estate- using other's = people=20 money- went bankrupt. I lived pretty much lived in a shack-when i met = my=20 wife-sold my rare book collection to the university-bought my first = investment=20 house. Never used OPM or borrowed from the bank. never looked = back-made good.=20 Works the same way in the stock market if one can become the good = investor. I=20 believe Ann mentioned a couple of classic statements =  that=20 WON wrote that were in his book-she posted these = recently-very true=20 statements. thank you, david
----- Original Message -----
From:=20 Edward W.=20 Gjertsen II
Sent: Monday, August 19, 2002 = 6:26=20 PM
Subject: RE: [CANSLIM] David = Ryan

OPM (other people=92s money) = provides=20 leverage.  In a hedge fund environment, a General Partner can = earn 20%=20 profit and 1% management fee.  Utilizing OPM will enhance a = great=20 investor=92s ability to make money.  It=92s not an altruistic = pursuit. The=20 downfall (Read Cramer=92s and Marty Schwartz=92s book) is that OPM = brings about=20 many more headaches.  This is why many in the hedge fund = industry close=20 up shop and just trade for themselves, that is if they were = successful and=20 did not just blow up.

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david=20 frank
Sent: = Monday, August=20 19, 2002 6:31 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] David=20 Ryan

 

What I find = interesting=20 is that David Ryan, I suppose you can call him a protege = of WON,=20 if he made or makes that much money-why would  he invest other = people's=20 money? I can hardly keep up my own personal acoounts.=20 david

----- = Original=20 Message -----

From: Mathews,=20 Craig

To: 'canslim@lists.xmission.com'= =20

Sent:=20 Monday, August 19, 2002 6:08 PM

Subject: RE:=20 [CANSLIM] David Ryan

 

Hello=20 Walter,

 

He=20 is managing private funds, I forget the exact SEC designation, = looking for=20 99 investors to invest minimum of 500K each.  I received a = prospectus=20 last year, did not participate.

 

Craig

-----Original=20 Message-----
From: Walter=20 Wittesch [mailto:waltw@socal.rr.com]
Sent: Sunday, August 18, = 2002 1:38=20 PM
To: canslim@lists.xmission.com=
Subject: RE: [CANSLIM] = David=20 Ryan

Ryan=20 Capital Management

100=20 Wilshire Blvd

Santa = Monica, CA=20 90401-1110

Phone = (310)=20 260-6805

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. = Lobatto
Sent: Sunday, August 18, = 2002 6:33=20 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] David=20 Ryan

Anyone know the=20 whereabouts or whatabouts of David Ryan? I do recall that he and = WON=20 started a mutual fund several years ago that had mediocre = performance=20 and that was bought out by a fund family. Does he still manage = money=20 these days and if so, anyone aware of a track=20 record?

 

Jon

------=_NextPart_000_0192_01C247D5.81E48B00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 23:20:21 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_01CB_01C247D6.FD279B80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lin - ECN =3D Electronic Communication Network, you can read more about = the concept at http://www.investopedia.com/terms/e/ecn.asp ----- Original Message -----=20 Sent: Monday, August 19, 2002 3:31 PM This is an interesting conversation. I am not sure what "Island" and = "ECN's" are. If you have the time to enlighten me it would be much = appreciated. Thanks, -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is = not a good thing. Of course you probably part of the old buddy system of = brokers protecting each other. But filing complaints is a heck of a lot = better than facing litigation. david=20 =20 Ed, why suggest malfeasance and not file a complaint?=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:10 PM Subject:=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will = be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are exploring = our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, = the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to = the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. We = put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly = sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_01CB_01C247D6.FD279B80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lin - ECN =3D Electronic Communication Network, = you can read=20 more about the concept at
http://www.investope= dia.com/terms/e/ecn.asp
 
----- Original Message -----=20
From: Lin = Wells=20
Sent: Monday, August 19, 2002 3:31 PM
Subject: RE: [CANSLIM] CVH

 

This is an = interesting=20 conversation.  I am not sure what =93Island=94 and =93ECN=92s=94 = are.  If you=20 have the time to enlighten me it would be much = appreciated.

 

Thanks,

 

-----Original=20 Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On=20 Behalf Of david frank
Sent: Monday, August 19, 2002 = 2:31=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM]=20 CVH

 

Ed, I appreciate your = Americana=20 theme. But what happened in CVH today is not a good thing. Of course you = probably part of the old buddy system of brokers protecting each other. = But=20 filing complaints is a heck of a lot better than facing litigation. = david=20


 

 

Ed, why=20 suggest malfeasance and not file a complaint? =

----- Original Message = -----=20

From: Gene Ricci =

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 2:10 PM

Subject:=20

 

 

----- Original Message = -----=20

From: Edward = W. Gjertsen=20 II

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative = on the NYSE=20 floor go and speak with the
specialist - he hid behind "order = imbalance"=20 - floor rules.  We were
asked if we wanted to file a = complaint - we=20 decided no.  There will be
many more battles like = this.  What=20 is does do is make us look at
alternatives.  Like I = mentioned in an=20 earlier post - Island and other
ECN's would have given us a fill = around=20 32.50.  So we are exploring our
execution options.  Our = CANSLIM=20 philosophy is broken down into three
simple parts: Analysis, = Money=20 Management and Execution.  This time, the
3rd element, = execution,=20 was the weakest link.  So , instead of
complaining about it, = we are=20 doing what American's do best, head to the
competition with a = better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many = eyes on=20 CVH. i was curious what kind of
remedy
is there for this = specialist's=20 malfeasance, especially for buyers @
34.50
and above- more = than 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too many = investors=20 ready to pounce on
> too few stocks.  We have been = stalking CVH=20 for quite a while.  We put
in
> an order prior to it = reaching=20 its pivot (cheating) when NYSE on level
> two showed $32.40=20 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did=20 not open the book until $34.50.  The specialist claimed = "order
>=20 imbalance" but my source at Pershing said he was working another=20 book.
> We were quite upset  The stock moved over $2.00 = on an=20 imbalance of
> 110,000 shs.  The market maker was caught=20 flatfooted.  We quickly sold
> out of our position = because we=20 were over the 5% threshold.
>
> Those trading Island or = other=20 ECN's may have been filled around
> 32.40-32.50.  We = watch Time=20 and Sales on all our fills and the only
> prints were coming = from=20 ECN's.  With CANSLIM being one of the most
> popular = strategies=20 for individual investors, execution is becoming
more
> and = more=20 difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your=20 email.

------=_NextPart_000_01CB_01C247D6.FD279B80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 23:41:12 -0400 reading all the emails tonight on this topic, I had assumed this "spike" came at the open. I was quite surprised when I finally got around to looking at a one minute chart of today's trade, and saw it happened late morning. I must agree, from my experience it is highly suspicious of manipulation. ----- Original Message ----- Sent: Monday, August 19, 2002 2:29 PM I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david ----- Original Message ----- Sent: Monday, August 19, 2002 11:36 AM > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Pipdip21@aol.com Subject: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 00:05:40 EDT --part1_37.2c2553ed.2a931a14_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Who do we think are the best CNBC shows and the best commentators (e.g., Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted David)? What are their areas of expertise, weaknesses, biases, ability to move market, etc.? It would be useful to hear our thoughts on the business network, since so much of the volatility of stocks are driven by the information that floats through the information channles. Derek --part1_37.2c2553ed.2a931a14_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit

Who do we think are the best CNBC shows and the best commentators (e.g., Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted David)?  What are their areas of expertise, weaknesses, biases, ability to move market, etc.?  

It would be useful to hear our thoughts on the business network, since so much of the volatility of stocks are driven by the information that floats through the information channles.

Derek
--part1_37.2c2553ed.2a931a14_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Best CNBC Commentators Date: 19 Aug 2002 18:53:50 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_001E_01C247B1.C1A38DA0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit What does this have to do with CANSLIM? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Pipdip21@aol.com Sent: Monday, August 19, 2002 6:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Best CNBC Commentators Who do we think are the best CNBC shows and the best commentators (e.g., Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted David)? What are their areas of expertise, weaknesses, biases, ability to move market, etc.? It would be useful to hear our thoughts on the business network, since so much of the volatility of stocks are driven by the information that floats through the information channles. Derek ------=_NextPart_000_001E_01C247B1.C1A38DA0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
What=20 does this have to do with CANSLIM?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Pipdip21@aol.com
Sent: Monday, August 19, 2002 6:06=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM] Best=20 CNBC Commentators



Who do we think are the best CNBC shows and the best=20 commentators (e.g., Maria Bartiromo, David Faber and Joe Kernen, = Martha=20 MacCallum, Ted David)?  What are their areas of expertise, = weaknesses,=20 biases, ability to move market, etc.?  

It would be = useful to=20 hear our thoughts on the business network, since so much of the = volatility of=20 stocks are driven by the information that floats through the = information=20 channles.

Derek
------=_NextPart_000_001E_01C247B1.C1A38DA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 02:58:00 -0700 (PDT) Can some kind person help me find the market averages on the home page referred to in Tuesday's Big Picture? Here's from the column: With more stocks joining the ranks of breakouts, most of the major indexes spiked above their 50-day moving averages for the first time in months. The 50-day isn't shown on the markets page charts. Go to investors.com and click on the market averages on the home page to view their charts with 50-day and 200-day averages. I'm looking for more than the usual four listed daily. Also, anything showing the 50 and 200 averages. Do I just need another coffee? Jack --- Tom Worley wrote: > reading all the emails tonight on this topic, I had > assumed this "spike" > came at the open. I was quite surprised when I > finally got around to looking > at a one minute chart of today's trade, and saw it > happened late morning. I > must agree, from my experience it is highly > suspicious of manipulation. > > ----- Original Message ----- > From: "david frank" > To: > Sent: Monday, August 19, 2002 2:29 PM > Subject: Re: [CANSLIM] CVH > > > I got caught in this so-called CVH inbalanced. > luckily i had a limit order > in place. although limit orders don't work > sometimes- because they don't > have to execute limit orders, although they are > within the price window. of > course. there were too many eyes on CVH. i was > curious what kind of remedy > is there for this specialist's malfeasance, > especially for buyers @ 34.50 > and above- more than 10 minutes after placing their > market orders. david > ----- Original Message ----- > From: "Edward W. Gjertsen II" > To: > Sent: Monday, August 19, 2002 11:36 AM > Subject: RE: [CANSLIM] CVH > > > > One of the risks with CANSLIM - too many > investors ready to pounce on > > too few stocks. We have been stalking CVH for > quite a while. We put in > > an order prior to it reaching its pivot (cheating) > when NYSE on level > > two showed $32.40 offer. As CANSLIMR's moved in > to buy - the specialist > > did not open the book until $34.50. The > specialist claimed "order > > imbalance" but my source at Pershing said he was > working another book. > > We were quite upset The stock moved over $2.00 on > an imbalance of > > 110,000 shs. The market maker was caught > flatfooted. We quickly sold > > out of our position because we were over the 5% > threshold. > > > > Those trading Island or other ECN's may have been > filled around > > 32.40-32.50. We watch Time and Sales on all our > fills and the only > > prints were coming from ECN's. With CANSLIM being > one of the most > > popular strategies for individual investors, > execution is becoming more > > and more difficult. > > > > Ed Gjertsen II > > ed@macktracks.com > > > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 06:55:10 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0018_01C24816.86AD4D20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable easier to measure them on a scale of worse to worst. I haven't found any = commentators worth my time to listen. ----- Original Message -----=20 Sent: Tuesday, August 20, 2002 12:05 AM Who do we think are the best CNBC shows and the best commentators (e.g., = Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted = David)? What are their areas of expertise, weaknesses, biases, ability = to move market, etc.? =20 It would be useful to hear our thoughts on the business network, since = so much of the volatility of stocks are driven by the information that = floats through the information channles.=20 Derek=20 ------=_NextPart_000_0018_01C24816.86AD4D20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
easier to measure them on a scale of worse to = worst. I=20 haven't found any commentators worth my time to listen.
 
----- Original Message -----=20
From: Pipdip21@aol.com=20
Sent: Tuesday, August 20, 2002 12:05 AM
Subject: [CANSLIM] Best CNBC Commentators



Who = do we think=20 are the best CNBC shows and the best commentators (e.g., Maria = Bartiromo, David=20 Faber and Joe Kernen, Martha MacCallum, Ted David)?  What are their = areas=20 of expertise, weaknesses, biases, ability to move market, etc.?  =20

It would be useful to hear our thoughts on the business network, = since=20 so much of the volatility of stocks are driven by the information that = floats=20 through the information channles.

Derek =
------=_NextPart_000_0018_01C24816.86AD4D20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 07:59:02 -0400 I'm assuming that it's the Market box just under Ask Bill O'Neil. Click on the index, and a chart comes up with the moving averages in red and black. Ann ----- Original Message ----- Sent: Tuesday, August 20, 2002 5:58 AM : Can some kind person help me find the market averages : on the home page referred to in Tuesday's Big Picture? : Here's from the column: : : With more stocks joining the ranks of breakouts, most : of the major indexes spiked above their 50-day moving : averages for the first time in months. The 50-day : isn't shown on the markets page charts. Go to : investors.com and click on the market averages on the : home page to view their charts with 50-day and 200-day : averages. : : I'm looking for more than the usual four listed daily. : Also, anything showing the 50 and 200 averages. Do I : just need another coffee? : : Jack : --- Tom Worley wrote: : > reading all the emails tonight on this topic, I had : > assumed this "spike" : > came at the open. I was quite surprised when I : > finally got around to looking : > at a one minute chart of today's trade, and saw it : > happened late morning. I : > must agree, from my experience it is highly : > suspicious of manipulation. : > : > ----- Original Message ----- : > From: "david frank" : > To: : > Sent: Monday, August 19, 2002 2:29 PM : > Subject: Re: [CANSLIM] CVH : > : > : > I got caught in this so-called CVH inbalanced. : > luckily i had a limit order : > in place. although limit orders don't work : > sometimes- because they don't : > have to execute limit orders, although they are : > within the price window. of : > course. there were too many eyes on CVH. i was : > curious what kind of remedy : > is there for this specialist's malfeasance, : > especially for buyers @ 34.50 : > and above- more than 10 minutes after placing their : > market orders. david : > ----- Original Message ----- : > From: "Edward W. Gjertsen II" : > To: : > Sent: Monday, August 19, 2002 11:36 AM : > Subject: RE: [CANSLIM] CVH : > : > : > > One of the risks with CANSLIM - too many : > investors ready to pounce on : > > too few stocks. We have been stalking CVH for : > quite a while. We put in : > > an order prior to it reaching its pivot (cheating) : > when NYSE on level : > > two showed $32.40 offer. As CANSLIMR's moved in : > to buy - the specialist : > > did not open the book until $34.50. The : > specialist claimed "order : > > imbalance" but my source at Pershing said he was : > working another book. : > > We were quite upset The stock moved over $2.00 on : > an imbalance of : > > 110,000 shs. The market maker was caught : > flatfooted. We quickly sold : > > out of our position because we were over the 5% : > threshold. : > > : > > Those trading Island or other ECN's may have been : > filled around : > > 32.40-32.50. We watch Time and Sales on all our : > fills and the only : > > prints were coming from ECN's. With CANSLIM being : > one of the most : > > popular strategies for individual investors, : > execution is becoming more : > > and more difficult. : > > : > > Ed Gjertsen II : > > ed@macktracks.com : > > : > > : > > - : > > -To subscribe/unsubscribe, email : > "majordomo@xmission.com" : > > -In the email body, write "subscribe canslim" or : > > -"unsubscribe canslim". Do not use quotes in your : > email. : > : > : > - : > -To subscribe/unsubscribe, email : > "majordomo@xmission.com" : > -In the email body, write "subscribe canslim" or : > -"unsubscribe canslim". Do not use quotes in your : > email. : > : > : > : > : > - : > -To subscribe/unsubscribe, email : > "majordomo@xmission.com" : > -In the email body, write "subscribe canslim" or : > -"unsubscribe canslim". Do not use quotes in your : email. : : : ===== : Jack : : __________________________________________________ : Do You Yahoo!? : HotJobs - Search Thousands of New Jobs : http://www.hotjobs.com : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 07:08:06 -0500 Hi Jack, Look on the home page (www.investors.com) just below the big box in the center "Where the Big Money's Flowing", and immediately under the box on the right you'll see "Q&A--Ask Bill". Just beneath it, you'll see "The Market" averages boxed in. The graphs include the S&P500, SP600, Nasdaq, & Dow, but I believe you have to be a subscriber to display them. Here's my favorite market summary page: http://stockcharts.com/charts/summary/ These guys *really* know how to put together a site! Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 4:58 AM | Can some kind person help me find the market averages | on the home page referred to in Tuesday's Big Picture? | Here's from the column: | | With more stocks joining the ranks of breakouts, most | of the major indexes spiked above their 50-day moving | averages for the first time in months. The 50-day | isn't shown on the markets page charts. Go to | investors.com and click on the market averages on the | home page to view their charts with 50-day and 200-day | averages. | | I'm looking for more than the usual four listed daily. | Also, anything showing the 50 and 200 averages. Do I | just need another coffee? | | Jack | --- Tom Worley wrote: | > reading all the emails tonight on this topic, I had | > assumed this "spike" | > came at the open. I was quite surprised when I | > finally got around to looking | > at a one minute chart of today's trade, and saw it | > happened late morning. I | > must agree, from my experience it is highly | > suspicious of manipulation. | > | > ----- Original Message ----- | > From: "david frank" | > To: | > Sent: Monday, August 19, 2002 2:29 PM | > Subject: Re: [CANSLIM] CVH | > | > | > I got caught in this so-called CVH inbalanced. | > luckily i had a limit order | > in place. although limit orders don't work | > sometimes- because they don't | > have to execute limit orders, although they are | > within the price window. of | > course. there were too many eyes on CVH. i was | > curious what kind of remedy | > is there for this specialist's malfeasance, | > especially for buyers @ 34.50 | > and above- more than 10 minutes after placing their | > market orders. david | > ----- Original Message ----- | > From: "Edward W. Gjertsen II" | > To: | > Sent: Monday, August 19, 2002 11:36 AM | > Subject: RE: [CANSLIM] CVH | > | > | > > One of the risks with CANSLIM - too many | > investors ready to pounce on | > > too few stocks. We have been stalking CVH for | > quite a while. We put in | > > an order prior to it reaching its pivot (cheating) | > when NYSE on level | > > two showed $32.40 offer. As CANSLIMR's moved in | > to buy - the specialist | > > did not open the book until $34.50. The | > specialist claimed "order | > > imbalance" but my source at Pershing said he was | > working another book. | > > We were quite upset The stock moved over $2.00 on | > an imbalance of | > > 110,000 shs. The market maker was caught | > flatfooted. We quickly sold | > > out of our position because we were over the 5% | > threshold. | > > | > > Those trading Island or other ECN's may have been | > filled around | > > 32.40-32.50. We watch Time and Sales on all our | > fills and the only | > > prints were coming from ECN's. With CANSLIM being | > one of the most | > > popular strategies for individual investors, | > execution is becoming more | > > and more difficult. | > > | > > Ed Gjertsen II | > > ed@macktracks.com | > > | > > | > > - | > > -To subscribe/unsubscribe, email | > "majordomo@xmission.com" | > > -In the email body, write "subscribe canslim" or | > > -"unsubscribe canslim". Do not use quotes in your | > email. | > | > | > - | > -To subscribe/unsubscribe, email | > "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your | > email. | > | > | > | > | > - | > -To subscribe/unsubscribe, email | > "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your | email. | | | ===== | Jack | | __________________________________________________ | Do You Yahoo!? | HotJobs - Search Thousands of New Jobs | http://www.hotjobs.com | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 07:10:24 -0500 Hi All, Just to close the loop on yesterday's CVH discussion---see today's weblink on CVH: www.investors.com/weblink Katherine | : | : Jack | : --- Tom Worley wrote: | : > reading all the emails tonight on this topic, I had | : > assumed this "spike" | : > came at the open. I was quite surprised when I | : > finally got around to looking | : > at a one minute chart of today's trade, and saw it | : > happened late morning. I | : > must agree, from my experience it is highly | : > suspicious of manipulation. | : > | : > ----- Original Message ----- | : > From: "david frank" | : > To: | : > Sent: Monday, August 19, 2002 2:29 PM | : > Subject: Re: [CANSLIM] CVH | : > | : > | : > I got caught in this so-called CVH inbalanced. | : > luckily i had a limit order | : > in place. although limit orders don't work | : > sometimes- because they don't | : > have to execute limit orders, although they are | : > within the price window. of | : > course. there were too many eyes on CVH. i was | : > curious what kind of remedy | : > is there for this specialist's malfeasance, | : > especially for buyers @ 34.50 | : > and above- more than 10 minutes after placing their | : > market orders. david | : > ----- Original Message ----- | : > From: "Edward W. Gjertsen II" | : > To: | : > Sent: Monday, August 19, 2002 11:36 AM | : > Subject: RE: [CANSLIM] CVH | : > | : > | : > > One of the risks with CANSLIM - too many | : > investors ready to pounce on | : > > too few stocks. We have been stalking CVH for | : > quite a while. We put in | : > > an order prior to it reaching its pivot (cheating) | : > when NYSE on level | : > > two showed $32.40 offer. As CANSLIMR's moved in | : > to buy - the specialist | : > > did not open the book until $34.50. The | : > specialist claimed "order | : > > imbalance" but my source at Pershing said he was | : > working another book. | : > > We were quite upset The stock moved over $2.00 on | : > an imbalance of | : > > 110,000 shs. The market maker was caught | : > flatfooted. We quickly sold | : > > out of our position because we were over the 5% | : > threshold. | : > > | : > > Those trading Island or other ECN's may have been | : > filled around | : > > 32.40-32.50. We watch Time and Sales on all our | : > fills and the only | : > > prints were coming from ECN's. With CANSLIM being | : > one of the most | : > > popular strategies for individual investors, | : > execution is becoming more | : > > and more difficult. | : > > | : > > Ed Gjertsen II | : > > ed@macktracks.com | : > > | : > > | : > > - | : > > -To subscribe/unsubscribe, email | : > "majordomo@xmission.com" | : > > -In the email body, write "subscribe canslim" or | : > > -"unsubscribe canslim". Do not use quotes in your | : > email. | : > | : > | : > - | : > -To subscribe/unsubscribe, email | : > "majordomo@xmission.com" | : > -In the email body, write "subscribe canslim" or | : > -"unsubscribe canslim". Do not use quotes in your | : > email. | : > | : > | : > | : > | : > - | : > -To subscribe/unsubscribe, email | : > "majordomo@xmission.com" | : > -In the email body, write "subscribe canslim" or | : > -"unsubscribe canslim". Do not use quotes in your | : email. | : | : | : ===== | : Jack | : | : __________________________________________________ | : Do You Yahoo!? | : HotJobs - Search Thousands of New Jobs | : http://www.hotjobs.com | : | : - | : -To subscribe/unsubscribe, email "majordomo@xmission.com" | : -In the email body, write "subscribe canslim" or | : -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Home Depot Date: 20 Aug 2002 08:14:05 -0400 HD reported this morning, like Lowe's showing excellent growth with earnings up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a surprise, given all the new home owners, but Lowe's is being credited with yesterday's rally in part. Let's see if HD can take care of Tuesday. Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 06:43:09 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0000_01C24814.D93A7D30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit My favorite is Martha :-) as far as useful commentary I always get a kick out of Pisani. All he does is talk about the hedge funds that he says he is always calling and about the buy and sell programs from the program traders. Of course about twice a month they talk about what is program trading and everytime he has a different definition. I dont think there is any useful commentary on TV except on ESPN. But Martha is my favorite she used to be tied with Bonnie but then Bonnie left. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Tuesday, August 20, 2002 4:55 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Best CNBC Commentators easier to measure them on a scale of worse to worst. I haven't found any commentators worth my time to listen. ----- Original Message ----- From: Pipdip21@aol.com To: canslim@lists.xmission.com Sent: Tuesday, August 20, 2002 12:05 AM Subject: [CANSLIM] Best CNBC Commentators Who do we think are the best CNBC shows and the best commentators (e.g., Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted David)? What are their areas of expertise, weaknesses, biases, ability to move market, etc.? It would be useful to hear our thoughts on the business network, since so much of the volatility of stocks are driven by the information that floats through the information channles. Derek ------=_NextPart_000_0000_01C24814.D93A7D30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
My=20 favorite is Martha :-)  as far as useful commentary I always get a = kick out=20 of Pisani.  All he does is talk about the hedge funds that he says = he is=20 always calling and about the buy and sell programs from the program=20 traders.  Of course about twice a month they talk about what is = program=20 trading and everytime he has a different definition.  I dont think = there is=20 any useful commentary on TV except on ESPN.   But Martha is my = favorite she used to be tied with Bonnie but then Bonnie=20 left.
 
Happy=20 Trading,
David=20 Taggart
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Tuesday, August 20, 2002 4:55 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Best CNBC=20 Commentators

easier to measure them on a scale of worse to = worst. I=20 haven't found any commentators worth my time to listen.
 
----- Original Message -----=20
From: Pipdip21@aol.com=20
Sent: Tuesday, August 20, 2002 12:05 AM
Subject: [CANSLIM] Best CNBC Commentators



Who = do we think=20 are the best CNBC shows and the best commentators (e.g., Maria = Bartiromo,=20 David Faber and Joe Kernen, Martha MacCallum, Ted David)?  What = are their=20 areas of expertise, weaknesses, biases, ability to move market, etc.? =  =20

It would be useful to hear our thoughts on the business = network, since=20 so much of the volatility of stocks are driven by the information that = floats=20 through the information channles.

Derek=20
------=_NextPart_000_0000_01C24814.D93A7D30-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Jack Tencza Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 05:45:40 -0700 (PDT) Hi, I do see these four charts under "Ask Bill" but without the 50 day moving ave. (only 2 day). The Big Picture indicated both are there. Seems I'm getting a little "picky" here. Thanks --- Katherine Malm wrote: > Hi Jack, > > Look on the home page (www.investors.com) just below > the big box in the > center "Where the Big Money's Flowing", and > immediately under the box on the > right you'll see "Q&A--Ask Bill". Just beneath it, > you'll see "The Market" > averages boxed in. The graphs include the S&P500, > SP600, Nasdaq, & Dow, but > I believe you have to be a subscriber to display > them. > > Here's my favorite market summary page: > http://stockcharts.com/charts/summary/ > These guys *really* know how to put together a site! > > Katherine > > ----- Original Message ----- > From: "Jack Tencza" > To: > Sent: Tuesday, August 20, 2002 4:58 AM > Subject: Re: [CANSLIM] CVH > > > | Can some kind person help me find the market > averages > | on the home page referred to in Tuesday's Big > Picture? > | Here's from the column: > | > | With more stocks joining the ranks of breakouts, > most > | of the major indexes spiked above their 50-day > moving > | averages for the first time in months. The 50-day > | isn't shown on the markets page charts. Go to > | investors.com and click on the market averages on > the > | home page to view their charts with 50-day and > 200-day > | averages. > | > | I'm looking for more than the usual four listed > daily. > | Also, anything showing the 50 and 200 averages. Do > I > | just need another coffee? > | > | Jack > | --- Tom Worley wrote: > | > reading all the emails tonight on this topic, I > had > | > assumed this "spike" > | > came at the open. I was quite surprised when I > | > finally got around to looking > | > at a one minute chart of today's trade, and saw > it > | > happened late morning. I > | > must agree, from my experience it is highly > | > suspicious of manipulation. > | > > | > ----- Original Message ----- > | > From: "david frank" > | > To: > | > Sent: Monday, August 19, 2002 2:29 PM > | > Subject: Re: [CANSLIM] CVH > | > > | > > | > I got caught in this so-called CVH inbalanced. > | > luckily i had a limit order > | > in place. although limit orders don't work > | > sometimes- because they don't > | > have to execute limit orders, although they are > | > within the price window. of > | > course. there were too many eyes on CVH. i was > | > curious what kind of remedy > | > is there for this specialist's malfeasance, > | > especially for buyers @ 34.50 > | > and above- more than 10 minutes after placing > their > | > market orders. david > | > ----- Original Message ----- > | > From: "Edward W. Gjertsen II" > > | > To: > | > Sent: Monday, August 19, 2002 11:36 AM > | > Subject: RE: [CANSLIM] CVH > | > > | > > | > > One of the risks with CANSLIM - too many > | > investors ready to pounce on > | > > too few stocks. We have been stalking CVH for > | > quite a while. We put in > | > > an order prior to it reaching its pivot > (cheating) > | > when NYSE on level > | > > two showed $32.40 offer. As CANSLIMR's moved > in > | > to buy - the specialist > | > > did not open the book until $34.50. The > | > specialist claimed "order > | > > imbalance" but my source at Pershing said he > was > | > working another book. > | > > We were quite upset The stock moved over > $2.00 on > | > an imbalance of > | > > 110,000 shs. The market maker was caught > | > flatfooted. We quickly sold > | > > out of our position because we were over the > 5% > | > threshold. > | > > > | > > Those trading Island or other ECN's may have > been > | > filled around > | > > 32.40-32.50. We watch Time and Sales on all > our > | > fills and the only > | > > prints were coming from ECN's. With CANSLIM > being > | > one of the most > | > > popular strategies for individual investors, > | > execution is becoming more > | > > and more difficult. > | > > > | > > Ed Gjertsen II > | > > ed@macktracks.com > | > > > | > > > | > > - > | > > -To subscribe/unsubscribe, email > | > "majordomo@xmission.com" > | > > -In the email body, write "subscribe canslim" > or > | > > -"unsubscribe canslim". Do not use quotes in > your > | > email. > | > > | > > | > - > | > -To subscribe/unsubscribe, email > | > "majordomo@xmission.com" > | > -In the email body, write "subscribe canslim" or > | > -"unsubscribe canslim". Do not use quotes in > your > | > email. > | > > | > > | > > | > > | > - > | > -To subscribe/unsubscribe, email > | > "majordomo@xmission.com" > | > -In the email body, write "subscribe canslim" or > | > -"unsubscribe canslim". Do not use quotes in > your > | email. > | > | > | ===== > | Jack > | > | __________________________________________________ > | Do You Yahoo!? > | HotJobs - Search Thousands of New Jobs > | http://www.hotjobs.com > | > | - > | -To subscribe/unsubscribe, email > "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Home Depot Date: 20 Aug 2002 08:03:54 -0600 So far so good, up over a buck, for a non-canslim trade, it undercut last September's low, so this is one of Sperandeo's 2B trades (if you don't know what it is, don't worry about it, just skip this one). On 20 Aug 2002 at 8:14, Tom Worley wrote: > HD reported this morning, like Lowe's showing excellent growth with earnings > up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a > surprise, given all the new home owners, but Lowe's is being credited with > yesterday's rally in part. Let's see if HD can take care of Tuesday. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 08:03:52 -0600 Kernen and Faber just report news, so they are ok. Bartiromo seems to ask inane questions. I try to ignore most of what CNBC has when I do tune in, I admit once in a while after the close I tune in to get a summary of the business news for the day. As far as market moving info and useful opinion, I would forget that angle on CNBC. On 20 Aug 2002 at 0:05, Pipdip21@aol.com wrote: > Who do we think are the best CNBC shows and the best commentators (e.g., > Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted David)? > What are their areas of expertise, weaknesses, biases, ability to move > market, etc.? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH Date: 20 Aug 2002 09:20:31 -0500 Hi Katherine, Like I mentioned yesterday - CVH was one we were tracking for awhile, we obviously concur with WON about its qualities. We picked up MME earlier in the week and thought CVH would soon follow. If CVH pulls back around the pivot we will take a bite. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, August 20, 2002 7:10 AM Hi All, Just to close the loop on yesterday's CVH discussion---see today's weblink on CVH: www.investors.com/weblink Katherine | : | : Jack | : --- Tom Worley wrote: | : > reading all the emails tonight on this topic, I had | : > assumed this "spike" | : > came at the open. I was quite surprised when I | : > finally got around to looking | : > at a one minute chart of today's trade, and saw it | : > happened late morning. I | : > must agree, from my experience it is highly | : > suspicious of manipulation. | : > | : > ----- Original Message ----- | : > From: "david frank" | : > To: | : > Sent: Monday, August 19, 2002 2:29 PM | : > Subject: Re: [CANSLIM] CVH | : > | : > | : > I got caught in this so-called CVH inbalanced. | : > luckily i had a limit order | : > in place. although limit orders don't work | : > sometimes- because they don't | : > have to execute limit orders, although they are | : > within the price window. of | : > course. there were too many eyes on CVH. i was | : > curious what kind of remedy | : > is there for this specialist's malfeasance, | : > especially for buyers @ 34.50 | : > and above- more than 10 minutes after placing their | : > market orders. david | : > ----- Original Message ----- | : > From: "Edward W. Gjertsen II" | : > To: | : > Sent: Monday, August 19, 2002 11:36 AM | : > Subject: RE: [CANSLIM] CVH | : > | : > | : > > One of the risks with CANSLIM - too many | : > investors ready to pounce on | : > > too few stocks. We have been stalking CVH for | : > quite a while. We put in | : > > an order prior to it reaching its pivot (cheating) | : > when NYSE on level | : > > two showed $32.40 offer. As CANSLIMR's moved in | : > to buy - the specialist | : > > did not open the book until $34.50. The | : > specialist claimed "order | : > > imbalance" but my source at Pershing said he was | : > working another book. | : > > We were quite upset The stock moved over $2.00 on | : > an imbalance of | : > > 110,000 shs. The market maker was caught | : > flatfooted. We quickly sold | : > > out of our position because we were over the 5% | : > threshold. | : > > | : > > Those trading Island or other ECN's may have been | : > filled around | : > > 32.40-32.50. We watch Time and Sales on all our | : > fills and the only | : > > prints were coming from ECN's. With CANSLIM being | : > one of the most | : > > popular strategies for individual investors, | : > execution is becoming more | : > > and more difficult. | : > > | : > > Ed Gjertsen II | : > > ed@macktracks.com | : > > | : > > | : > > - | : > > -To subscribe/unsubscribe, email | : > "majordomo@xmission.com" | : > > -In the email body, write "subscribe canslim" or | : > > -"unsubscribe canslim". Do not use quotes in your | : > email. | : > | : > | : > - | : > -To subscribe/unsubscribe, email | : > "majordomo@xmission.com" | : > -In the email body, write "subscribe canslim" or | : > -"unsubscribe canslim". Do not use quotes in your | : > email. | : > | : > | : > | : > | : > - | : > -To subscribe/unsubscribe, email | : > "majordomo@xmission.com" | : > -In the email body, write "subscribe canslim" or | : > -"unsubscribe canslim". Do not use quotes in your | : email. | : | : | : ===== | : Jack | : | : __________________________________________________ | : Do You Yahoo!? | : HotJobs - Search Thousands of New Jobs | : http://www.hotjobs.com | : | : - | : -To subscribe/unsubscribe, email "majordomo@xmission.com" | : -In the email body, write "subscribe canslim" or | : -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 09:24:33 -0500 Ron Insana is probably one of the best business reporters in the business. His knowledge of market history is impressive. He will interview James Grant, Yale Hirsch and other intellectual types and not miss a beat nor feel intimidated. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 08:28:17 -0600 I hope he doesnt miss a beat talking to James Grant that guy has been predicting a crash since before the markets started :-) But I do agree Insana does a decent job and to think he started out as an aspiring movie producer. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Tuesday, August 20, 2002 8:25 AM Ron Insana is probably one of the best business reporters in the business. His knowledge of market history is impressive. He will interview James Grant, Yale Hirsch and other intellectual types and not miss a beat nor feel intimidated. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 10:44:38 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0077_01C24836.9822DA50 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Double Ditto's. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Tuesday, August 20, 2002 12:54 AM What does this have to do with CANSLIM? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Pipdip21@aol.com Sent: Monday, August 19, 2002 6:06 PM Who do we think are the best CNBC shows and the best commentators (e.g., Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted David)? What are their areas of expertise, weaknesses, biases, ability to move market, etc.? It would be useful to hear our thoughts on the business network, since so much of the volatility of stocks are driven by the information that floats through the information channles. Derek ------=_NextPart_000_0077_01C24836.9822DA50 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Double=20 Ditto's.
 
Duke
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mike Gibbons
Sent: Tuesday, August 20, = 2002=20 12:54 AM
To: canslim@lists.xmission.com
Subject: = RE:=20 [CANSLIM] Best CNBC Commentators

What does this have to do with CANSLIM?
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Pipdip21@aol.com
Sent: Monday, August 19, 2002 6:06=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Best CNBC Commentators



Who do we think are the best CNBC shows and the = best=20 commentators (e.g., Maria Bartiromo, David Faber and Joe Kernen, = Martha=20 MacCallum, Ted David)?  What are their areas of expertise, = weaknesses,=20 biases, ability to move market, etc.?  

It would be = useful to=20 hear our thoughts on the business network, since so much of the = volatility=20 of stocks are driven by the information that floats through the = information=20 channles.

Derek=20
------=_NextPart_000_0077_01C24836.9822DA50-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: [CANSLIM] Question Date: 20 Aug 2002 10:57:25 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_007E_01C24838.6154EFC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_007F_01C24838.6154EFC0" ------=_NextPart_001_007F_01C24838.6154EFC0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit I know this isn't CANSLIM, but if anybody has any input on Louis Navellier's Blue Chip Growth newsletter, please tell me what you think, off list. Thank you. Duke dukemill@tampabay.rr.com This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------=_NextPart_001_007F_01C24838.6154EFC0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
I know this = isn't CANSLIM,=20 but if anybody has any input on Louis Navellier's Blue Chip Growth = newsletter,=20 please tell me what you think, off list. 
 
Thank=20 you.
 
Duke
 
dukemill@tampabay.rr.com
 
 

This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] Home Depot Date: 20 Aug 2002 11:05:10 -0500 > From: "Tom Worley" > Date: Tue, 20 Aug 2002 08:14:05 -0400 > > HD reported this morning, like Lowe's showing excellent growth with earnings > up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a > surprise, given all the new home owners, but Lowe's is being credited with > yesterday's rally in part. Let's see if HD can take care of Tuesday. At what stage in its chart patterns is HD? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 11:05:01 -0500 > From: "Tom Worley" > Date: Tue, 20 Aug 2002 06:55:10 -0400 > > easier to measure them on a scale of worse to worst. I haven't found >any commentators worth my time to listen. ----- Original Message ----- >From: Pipdip21@aol.com To: canslim@lists.xmission.com Sent: Tuesday, >August 20, 2002 12:05 AM Subject: [CANSLIM] Best CNBC Commentators May I suggest to be consistent: > From: "Tom Worley" > Date: Sun, 11 Aug 2002 12:22:20 -0400 > > Chris, and Chazmoore, might I suggest this is sufficiently > off topic to discuss in private? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 08:49:02 -0700 One more point of interest to me about CVH is the pivot point in relation to the high of 34.20 back on 6/18. I realize that coming out of a bear (if we indeed are) the pivot point may be lower than the 52 week high. Still, that seems to me it would make a very possible point of resistance. Am I just splitting hairs here? -Bill ----- Original Message ----- Sent: Tuesday, August 20, 2002 5:10 AM > Hi All, > > Just to close the loop on yesterday's CVH discussion---see today's weblink > on CVH: > > www.investors.com/weblink > > > Katherine > > | : > | : Jack > | : --- Tom Worley wrote: > | : > reading all the emails tonight on this topic, I had > | : > assumed this "spike" > | : > came at the open. I was quite surprised when I > | : > finally got around to looking > | : > at a one minute chart of today's trade, and saw it > | : > happened late morning. I > | : > must agree, from my experience it is highly > | : > suspicious of manipulation. > | : > > | : > ----- Original Message ----- > | : > From: "david frank" > | : > To: > | : > Sent: Monday, August 19, 2002 2:29 PM > | : > Subject: Re: [CANSLIM] CVH > | : > > | : > > | : > I got caught in this so-called CVH inbalanced. > | : > luckily i had a limit order > | : > in place. although limit orders don't work > | : > sometimes- because they don't > | : > have to execute limit orders, although they are > | : > within the price window. of > | : > course. there were too many eyes on CVH. i was > | : > curious what kind of remedy > | : > is there for this specialist's malfeasance, > | : > especially for buyers @ 34.50 > | : > and above- more than 10 minutes after placing their > | : > market orders. david > | : > ----- Original Message ----- > | : > From: "Edward W. Gjertsen II" > | : > To: > | : > Sent: Monday, August 19, 2002 11:36 AM > | : > Subject: RE: [CANSLIM] CVH > | : > > | : > > | : > > One of the risks with CANSLIM - too many > | : > investors ready to pounce on > | : > > too few stocks. We have been stalking CVH for > | : > quite a while. We put in > | : > > an order prior to it reaching its pivot (cheating) > | : > when NYSE on level > | : > > two showed $32.40 offer. As CANSLIMR's moved in > | : > to buy - the specialist > | : > > did not open the book until $34.50. The > | : > specialist claimed "order > | : > > imbalance" but my source at Pershing said he was > | : > working another book. > | : > > We were quite upset The stock moved over $2.00 on > | : > an imbalance of > | : > > 110,000 shs. The market maker was caught > | : > flatfooted. We quickly sold > | : > > out of our position because we were over the 5% > | : > threshold. > | : > > > | : > > Those trading Island or other ECN's may have been > | : > filled around > | : > > 32.40-32.50. We watch Time and Sales on all our > | : > fills and the only > | : > > prints were coming from ECN's. With CANSLIM being > | : > one of the most > | : > > popular strategies for individual investors, > | : > execution is becoming more > | : > > and more difficult. > | : > > > | : > > Ed Gjertsen II > | : > > ed@macktracks.com > | : > > > | : > > > | : > > - > | : > > -To subscribe/unsubscribe, email > | : > "majordomo@xmission.com" > | : > > -In the email body, write "subscribe canslim" or > | : > > -"unsubscribe canslim". Do not use quotes in your > | : > email. > | : > > | : > > | : > - > | : > -To subscribe/unsubscribe, email > | : > "majordomo@xmission.com" > | : > -In the email body, write "subscribe canslim" or > | : > -"unsubscribe canslim". Do not use quotes in your > | : > email. > | : > > | : > > | : > > | : > > | : > - > | : > -To subscribe/unsubscribe, email > | : > "majordomo@xmission.com" > | : > -In the email body, write "subscribe canslim" or > | : > -"unsubscribe canslim". Do not use quotes in your > | : email. > | : > | : > | : ===== > | : Jack > | : > | : __________________________________________________ > | : Do You Yahoo!? > | : HotJobs - Search Thousands of New Jobs > | : http://www.hotjobs.com > | : > | : - > | : -To subscribe/unsubscribe, email "majordomo@xmission.com" > | : -In the email body, write "subscribe canslim" or > | : -"unsubscribe canslim". Do not use quotes in your email. > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 11:16:47 -0500 Bill, the high this morning is 34.90. so looks like a moot point. david ----- Original Message ----- Sent: Tuesday, August 20, 2002 10:49 AM > One more point of interest to me about CVH is the pivot point in relation to > the high of 34.20 back on 6/18. I realize that coming out of a bear (if we > indeed are) the pivot point may be lower than the 52 week high. Still, that > seems to me it would make a very possible point of resistance. > Am I just splitting hairs here? > > -Bill > > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Tuesday, August 20, 2002 5:10 AM > Subject: Re: [CANSLIM] CVH > > > > Hi All, > > > > Just to close the loop on yesterday's CVH discussion---see today's weblink > > on CVH: > > > > www.investors.com/weblink > > > > > > Katherine > > > > | : > > | : Jack > > | : --- Tom Worley wrote: > > | : > reading all the emails tonight on this topic, I had > > | : > assumed this "spike" > > | : > came at the open. I was quite surprised when I > > | : > finally got around to looking > > | : > at a one minute chart of today's trade, and saw it > > | : > happened late morning. I > > | : > must agree, from my experience it is highly > > | : > suspicious of manipulation. > > | : > > > | : > ----- Original Message ----- > > | : > From: "david frank" > > | : > To: > > | : > Sent: Monday, August 19, 2002 2:29 PM > > | : > Subject: Re: [CANSLIM] CVH > > | : > > > | : > > > | : > I got caught in this so-called CVH inbalanced. > > | : > luckily i had a limit order > > | : > in place. although limit orders don't work > > | : > sometimes- because they don't > > | : > have to execute limit orders, although they are > > | : > within the price window. of > > | : > course. there were too many eyes on CVH. i was > > | : > curious what kind of remedy > > | : > is there for this specialist's malfeasance, > > | : > especially for buyers @ 34.50 > > | : > and above- more than 10 minutes after placing their > > | : > market orders. david > > | : > ----- Original Message ----- > > | : > From: "Edward W. Gjertsen II" > > | : > To: > > | : > Sent: Monday, August 19, 2002 11:36 AM > > | : > Subject: RE: [CANSLIM] CVH > > | : > > > | : > > > | : > > One of the risks with CANSLIM - too many > > | : > investors ready to pounce on > > | : > > too few stocks. We have been stalking CVH for > > | : > quite a while. We put in > > | : > > an order prior to it reaching its pivot (cheating) > > | : > when NYSE on level > > | : > > two showed $32.40 offer. As CANSLIMR's moved in > > | : > to buy - the specialist > > | : > > did not open the book until $34.50. The > > | : > specialist claimed "order > > | : > > imbalance" but my source at Pershing said he was > > | : > working another book. > > | : > > We were quite upset The stock moved over $2.00 on > > | : > an imbalance of > > | : > > 110,000 shs. The market maker was caught > > | : > flatfooted. We quickly sold > > | : > > out of our position because we were over the 5% > > | : > threshold. > > | : > > > > | : > > Those trading Island or other ECN's may have been > > | : > filled around > > | : > > 32.40-32.50. We watch Time and Sales on all our > > | : > fills and the only > > | : > > prints were coming from ECN's. With CANSLIM being > > | : > one of the most > > | : > > popular strategies for individual investors, > > | : > execution is becoming more > > | : > > and more difficult. > > | : > > > > | : > > Ed Gjertsen II > > | : > > ed@macktracks.com > > | : > > > > | : > > > > | : > > - > > | : > > -To subscribe/unsubscribe, email > > | : > "majordomo@xmission.com" > > | : > > -In the email body, write "subscribe canslim" or > > | : > > -"unsubscribe canslim". Do not use quotes in your > > | : > email. > > | : > > > | : > > > | : > - > > | : > -To subscribe/unsubscribe, email > > | : > "majordomo@xmission.com" > > | : > -In the email body, write "subscribe canslim" or > > | : > -"unsubscribe canslim". Do not use quotes in your > > | : > email. > > | : > > > | : > > > | : > > > | : > > > | : > - > > | : > -To subscribe/unsubscribe, email > > | : > "majordomo@xmission.com" > > | : > -In the email body, write "subscribe canslim" or > > | : > -"unsubscribe canslim". Do not use quotes in your > > | : email. > > | : > > | : > > | : ===== > > | : Jack > > | : > > | : __________________________________________________ > > | : Do You Yahoo!? > > | : HotJobs - Search Thousands of New Jobs > > | : http://www.hotjobs.com > > | : > > | : - > > | : -To subscribe/unsubscribe, email "majordomo@xmission.com" > > | : -In the email body, write "subscribe canslim" or > > | : -"unsubscribe canslim". Do not use quotes in your email. > > | > > | > > | - > > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > > | -In the email body, write "subscribe canslim" or > > | -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 11:20:31 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_04A7_01C2483B.98868BE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Bill, Thought I might use your comment as a chance to clear up a few things on handles. It is most common for handles to form within 5-15% of the left lip of = the cup. In this case, CVH formed within 9.4% of the high of the left of the = cup (34.65). In general, as long as the handle forms properly and falls = within the upper half of the base and other handle characteristics are present, then you have a valid handle. That means that handles can actually form = well below the "normal" 5-15% range. See an annotated chart at: http://WallStreet-LLC.com/canslim/CVH081902.jpg (Sorry, some of my = comments are a bit difficult to read on the chart, but are repeated in = this email.) Just in case you missed my post the other day, here is my summary of = handle characteristics: HANDLES General Requirements: 1. Handles most often begin to form lower than the left side of the = base, generally when the stock has climbed within 5-15% of the high. 2. The midpoint of a good handle should be higher than the midpoint of = the base. 3. The handle should form in the upper half of the base. 4. The handle should form above the 200 day MA, but trade may often lull = below the 50 day MA. 5. The handle should drift sideways or lower. Upward "wedging" handles = are failure prone because the upwardly drifting price doesn't shake out = the weak holders, leaving the stock vulnerable to a correction. Wedging = handles also make pivots harder to spot. WON considers this the most = important aspect of a handle formation. 6. The handle should drift lower on light volume. This shows existing = holders are content to remain invested. 7. Within the handle, volatility should contract. The distance between = price highs and lows (intraday and day to day) should narrow. Avoid = zigzagging or wide and loose handles. Choppy handles carry more = uncertainty. 8. In normal markets, proper handles correct 10-20%. In Bear markets, = they can correct as much as 30%. A handle that drifts <10% is fine as = long as it is drifting downward and meets other requirements. 9. The handle must be at least one week in length but can stretch as = much as 7-10 weeks. It should be smaller in proportion to the size of = the cup. Special Considerations: 1. "High handles" can begin to form at prices higher than the left side = of the base. This is neither ideal nor common, but can still be = successful as long as the other handle requirements are met. 2. Be sure to look at both daily and weekly charts, as stocks with = lengthy bases will have long handles. The lengthy handle may appear as a = base if looking at a daily chart. Long bases signal strong support and = are very strong patterns. (The longer the base, the stronger the = subsequent move.) Based on a study done by the IBD in 96-97, small and = mid cap stocks had 33 week bases on average. Large caps had 66 week = bases on average. 3. A stock can form a handle, near its pivot point and then begin = forming another handle. In this case, consider this to be one long = handle. 4. "No-handle" bases are more error prone, but tend to work at the start = of a fresh rally, especially if the rally is strong. Look for volume to = dry up as the stock comes within 5-10% of its old peak. Stocks breaking = out of bases without a handle are most likely industry leaders; lead the = market in relative price performance, sales and earnings growth; and = have high institutional sponsorship. 5. Double bottom bases can form a handle, though normally they do not do = so.=20 [Note: These notes are compiled from many years worth of Investors' = Corners, HTMMIS, the IBD web site and other misc. sources.] --Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 10:49 AM | One more point of interest to me about CVH is the pivot point in = relation to | the high of 34.20 back on 6/18. I realize that coming out of a bear = (if we | indeed are) the pivot point may be lower than the 52 week high. Still, that | seems to me it would make a very possible point of resistance. | Am I just splitting hairs here? | | -Bill | | | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Tuesday, August 20, 2002 5:10 AM | Subject: Re: [CANSLIM] CVH | | | > Hi All, | > | > Just to close the loop on yesterday's CVH discussion---see today's weblink | > on CVH: | > | > www.investors.com/weblink | > | > | > Katherine ------=_NextPart_000_04A7_01C2483B.98868BE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Bill,

Thought I might use your comment as a chance to = clear up a=20 few things on
handles.

It is most common for handles to form = within=20 5-15% of the left lip of the
cup. In this case, CVH formed within = 9.4% of the=20 high of the left of the cup
(34.65). In general, as long as the = handle forms=20 properly and falls within
the upper half of the base and other handle = characteristics are present,
then you have a valid handle. That means = that=20 handles can actually form well
below the "normal" 5-15% = range.

See an=20 annotated chart at:
http://WallStree= t-LLC.com/canslim/CVH081902.jpg =20 (Sorry, some of my comments are a bit difficult to read on the chart, = but are=20 repeated in this email.)

Just in case you missed my post the = other day,=20 here is my summary of handle=20 characteristics:
HANDLES
General Requirements:
1. Handles most often begin to form lower than the left side of the = base,=20 generally when the stock has climbed within 5-15% of the high.
2. The midpoint of a good handle should be higher than the midpoint = of the=20 base.
3. The handle should form in the upper half of the base.
4. The handle should form above the 200 day MA, but trade may often = lull=20 below the 50 day MA.
5. The handle should drift sideways or lower. Upward "wedging" = handles are=20 failure prone because the upwardly drifting price doesn't shake out the = weak=20 holders, leaving the stock vulnerable to a correction. Wedging handles = also make=20 pivots harder to spot. WON considers this the most important aspect = of a=20 handle formation.
6. The handle should drift lower on light volume. This shows = existing=20 holders are content to remain invested.
7. Within the handle, volatility should contract. The distance = between=20 price highs and lows (intraday and day to day) should narrow. Avoid = zigzagging=20 or wide and loose handles. Choppy handles carry more uncertainty.
8. In normal markets, proper handles correct 10-20%. In Bear = markets, they=20 can correct as much as 30%. A handle that drifts <10% is fine as long = as it=20 is drifting downward and meets other requirements.
9. The handle must be at least one week in length but can stretch = as much=20 as 7-10 weeks. It should be smaller in proportion to the size of the = cup.
 
Special Considerations:
1. "High handles" can begin to form at prices higher than the left = side of=20 the base. This is neither ideal nor common, but can still be successful = as long=20 as the other handle requirements are met.
2. Be sure to look at both daily and weekly charts, as stocks with = lengthy=20 bases will have long handles. The lengthy handle may appear as a base if = looking=20 at a daily chart. Long bases signal strong support and are very strong = patterns.=20 (The longer the base, the stronger the subsequent move.) Based on a = study done=20 by the IBD in 96-97, small and mid cap stocks had 33 week bases on = average.=20 Large caps had 66 week bases on average.
3. A stock can form a handle, near its pivot point and then begin = forming=20 another handle. In this case, consider this to be one long = handle.
4. "No-handle" bases are more error prone, but tend to work at the = start of=20 a fresh rally, especially if the rally is strong. Look for volume to dry = up as=20 the stock comes within 5-10% of its old peak. Stocks breaking out of = bases=20 without a handle are most likely industry leaders; lead the market in = relative=20 price performance, sales and earnings growth; and have high = institutional=20 sponsorship.
5. Double bottom bases can form a handle, though normally they do = not do=20 so.
 
[Note: These notes are compiled from many years worth of Investors' = Corners, HTMMIS, the IBD web site and other misc. sources.]
 
--Katherine


----- Original Message -----
From: = "Bill=20 Triffet" <btriffet@earthlink.net>
= <canslim@lists.xmission.com= >
Sent:=20 Tuesday, August 20, 2002 10:49 AM
Subject: Re: [CANSLIM] = CVH


| One=20 more point of interest to me about CVH is the pivot point in = relation
to
|=20 the high of 34.20 back on 6/18. I realize that coming out of a bear (if = we
|=20 indeed are) the pivot point may be lower than the 52 week high.=20 Still,
that
| seems to me it would make a very possible point of=20 resistance.
| Am I just splitting hairs here?
|
| = -Bill
|
|
|=20 ----- Original Message -----
| From: "Katherine Malm" <kmalm@earthlink.net>
| To: = <canslim@lists.xmission.com= >
|=20 Sent: Tuesday, August 20, 2002 5:10 AM
| Subject: Re: [CANSLIM]=20 CVH
|
|
| > Hi All,
| >
| > Just to close the = loop on=20 yesterday's CVH discussion---see today's
weblink
| > on = CVH:
|=20 >
| > www.investors.com/weblink|=20 >
| >
| > Katherine

------=_NextPart_000_04A7_01C2483B.98868BE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] Too many CANSLIMers? Date: 20 Aug 2002 10:53:04 -0600 I have been thinking about the various comments posted recently about too many CANSLIMers chasing too few stocks, all buying at the pivot point, malfeasance of market makers, etc., etc. Given that (caution: assumption approaching) that the institutions dictate the movement of a given stock (as St. WON tells us in The Book) would it not follow, then, that the purchases of a few CANSLIMers ( or, rather, the many CANSLIMers buying small quantities) would not be enough to move the market? Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 20 Aug 2002 17:06:41 GMT Warren, Another listserv member and I have bantered this about recently, off-line. Seems like some contradictatory assumptions. Maybe in a bear M where there are few good set-ups, we small CAN SLIMers out here in WON-land can make a difference on low-vol stocks. WON says it's instutions that move a stock when it is really climbing. But I have never completely understood how the big money plays CAN SLIM (if they do). Do they ever buy at the pivot like us? Surely they don't move in and out of a stock like CAN SLIM can have us doing at times. I thought they took weeks to take a position? If so, wouldn't they be the folks causing the right side of the cup to form? Not being an market insider, I am "clueless in Texas." Norm Warren Keuffel writes: > I have been thinking about the various comments posted recently about > too many CANSLIMers chasing too few stocks, all buying at the pivot > point, malfeasance of market makers, etc., etc. > > Given that (caution: assumption approaching) that the institutions > dictate the movement of a given stock (as St. WON tells us in The Book) > would it not follow, then, that the purchases of a few CANSLIMers ( or, > rather, the many CANSLIMers buying small quantities) would not be enough > to move the market? > > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] CVH Date: 20 Aug 2002 10:20:37 -0700 Katherine, Thanks for the detailed reply (printed for ref). Coming out of this ugly bear, I'm always looking for a reason not to jump in. My thought on this was," well it will get to it's old high of 34.20 and fall". There's something more convincing to me when a stock breaks out to a new high right from the pivot. This I see is not canslim but a mental limitation. I also see it forces me to look only at high handles which is not desirable. I do remember a lot of higher handle breakouts in 98-99 which may contribute to my misconception. Thanks, -Bill ----- Original Message ----- Sent: Tuesday, August 20, 2002 9:20 AM Hi Bill, Thought I might use your comment as a chance to clear up a few things on handles. It is most common for handles to form within 5-15% of the left lip of the cup. In this case, CVH formed within 9.4% of the high of the left of the cup (34.65). In general, as long as the handle forms properly and falls within the upper half of the base and other handle characteristics are present, then you have a valid handle. That means that handles can actually form well below the "normal" 5-15% range. See an annotated chart at: http://WallStreet-LLC.com/canslim/CVH081902.jpg (Sorry, some of my comments are a bit difficult to read on the chart, but are repeated in this email.) Just in case you missed my post the other day, here is my summary of handle characteristics: HANDLES General Requirements: 1. Handles most often begin to form lower than the left side of the base, generally when the stock has climbed within 5-15% of the high. 2. The midpoint of a good handle should be higher than the midpoint of the base. 3. The handle should form in the upper half of the base. 4. The handle should form above the 200 day MA, but trade may often lull below the 50 day MA. 5. The handle should drift sideways or lower. Upward "wedging" handles are failure prone because the upwardly drifting price doesn't shake out the weak holders, leaving the stock vulnerable to a correction. Wedging handles also make pivots harder to spot. WON considers this the most important aspect of a handle formation. 6. The handle should drift lower on light volume. This shows existing holders are content to remain invested. 7. Within the handle, volatility should contract. The distance between price highs and lows (intraday and day to day) should narrow. Avoid zigzagging or wide and loose handles. Choppy handles carry more uncertainty. 8. In normal markets, proper handles correct 10-20%. In Bear markets, they can correct as much as 30%. A handle that drifts <10% is fine as long as it is drifting downward and meets other requirements. 9. The handle must be at least one week in length but can stretch as much as 7-10 weeks. It should be smaller in proportion to the size of the cup. Special Considerations: 1. "High handles" can begin to form at prices higher than the left side of the base. This is neither ideal nor common, but can still be successful as long as the other handle requirements are met. 2. Be sure to look at both daily and weekly charts, as stocks with lengthy bases will have long handles. The lengthy handle may appear as a base if looking at a daily chart. Long bases signal strong support and are very strong patterns. (The longer the base, the stronger the subsequent move.) Based on a study done by the IBD in 96-97, small and mid cap stocks had 33 week bases on average. Large caps had 66 week bases on average. 3. A stock can form a handle, near its pivot point and then begin forming another handle. In this case, consider this to be one long handle. 4. "No-handle" bases are more error prone, but tend to work at the start of a fresh rally, especially if the rally is strong. Look for volume to dry up as the stock comes within 5-10% of its old peak. Stocks breaking out of bases without a handle are most likely industry leaders; lead the market in relative price performance, sales and earnings growth; and have high institutional sponsorship. 5. Double bottom bases can form a handle, though normally they do not do so. [Note: These notes are compiled from many years worth of Investors' Corners, HTMMIS, the IBD web site and other misc. sources.] --Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 10:49 AM | One more point of interest to me about CVH is the pivot point in relation to | the high of 34.20 back on 6/18. I realize that coming out of a bear (if we | indeed are) the pivot point may be lower than the 52 week high. Still, that | seems to me it would make a very possible point of resistance. | Am I just splitting hairs here? | | -Bill | | | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Tuesday, August 20, 2002 5:10 AM | Subject: Re: [CANSLIM] CVH | | | > Hi All, | > | > Just to close the loop on yesterday's CVH discussion---see today's weblink | > on CVH: | > | > www.investors.com/weblink | > | > | > Katherine - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Home Depot Date: 20 Aug 2002 13:09:41 -0500 Hi Hermann, HD certainly doesn't pass the requisite technical tests to be considered a current CANSLIM candidate, but I see it as important in several ways: HD is one of the 500 pound gorillas of retailing and at one time carried far more CANSLIM characteristics than it does now. While it may not be exhibiting current technical strength, it is still important as a sentiment indicator. First, if it were to form a bottom here, it *may* indicate that institutions are once more willing to load up on the stock of a very good company which has been refocusing its strategy recently and expanding into new market niches such as government contracting. Second, if the market reacts well to good news and the price rises without taking a big jump on the news and then selling off, that may well indicate a change in tone in the market. That is, stocks go *up* on good news. Add that to more cases where stocks stop going down so severely on bad news and it could indicate a turning point in the market. Third, consumers as a whole have been willing to spend throughout the recessionary period. If they are feeling confident about their current and future prospects, they will parlay that confidence into spending at good retailers and on other consumer discretionary products. That by itself doesn't create macroeconomic "safety" but it sure helps. Just to test the waters, I created a list of stocks from various industries that I consider to be "consumer discretionary." Stocks don't make it to the list unless they are minimum $6/30000 ADV. In all, that's 300 stocks. Of the 300, 141 have forward growth rates >=15%, HD included. That's what I considered to be the bare bones minimum for a "growth" stock. There's also nothing to say that current growth rates have not been reduced too far, as forecasters always seem to severely underforecast in periods like this in the same manner that they tend to severely overforecast in bubble times. Of the 141, only 40 stocks currently pass what I consider to be "minimum technicals." (RS>=60, price no more than 15% below the 50 day SMA, and price at or above the 200 day SMA). This is an interesting list of 40 stocks, by the way. Take a look and see if you see any CANSLIM themes running through the list of 40. See the complete list of 300 at: http://WallStreet-LLC.com/canslim/ConsumerOverview.xls. You can filter any of the columns to narrow the list as I suggested in the last paragraph. Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 11:05 AM | > From: "Tom Worley" | > Date: Tue, 20 Aug 2002 08:14:05 -0400 | > | > HD reported this morning, like Lowe's showing excellent growth with earnings | > up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a | > surprise, given all the new home owners, but Lowe's is being credited with | > yesterday's rally in part. Let's see if HD can take care of Tuesday. | | | At what stage in its chart patterns is HD? | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Best CNBC Commentators Date: 20 Aug 2002 14:42:48 -0400 I agree entirely, the shows just a schmooozze job. Little content of value. I tune to the 8:30 and 9:30 floor reports at times. DanF ----- Original Message ----- Sent: Tuesday, August 20, 2002 10:03 AM > Kernen and Faber just report news, so they are ok. Bartiromo seems to ask inane > questions. I try to ignore most of what CNBC has when I do tune in, I admit once in > a while after the close I tune in to get a summary of the business news for the day. > As far as market moving info and useful opinion, I would forget that angle on CNBC. > > On 20 Aug 2002 at 0:05, Pipdip21@aol.com wrote: > > > Who do we think are the best CNBC shows and the best commentators (e.g., > > Maria Bartiromo, David Faber and Joe Kernen, Martha MacCallum, Ted David)? > > What are their areas of expertise, weaknesses, biases, ability to move > > market, etc.? > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Woody" Subject: Re: [CANSLIM] Question Date: 20 Aug 2002 15:16:27 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0055_01C2485C.8DC64E90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Duke, Would you mind forwarding any comments you receive about L. Navellier's = B.C. Growth Newsletter to me? TIA, Woody Carr, Lurking and learning (a lot!) in St. Augustine ------=_NextPart_000_0055_01C2485C.8DC64E90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Duke,
 
Would you mind forwarding any comments you receive = about L.=20 Navellier's B.C. Growth Newsletter to me?
 
TIA,
 
Woody Carr, Lurking and learning (a lot!) in St.=20 Augustine
------=_NextPart_000_0055_01C2485C.8DC64E90-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] stop losses and profits Date: 20 Aug 2002 14:19:53 -0500 Katherine, I actually followed this thinking and watched a nice profit (15%) in NCEN turn into an 8% loss as the bottom dropped out. I think it has made me make a modification to stop at break even if I end up at 15% gain, at least until M has be proven to be turned. I came up with this based on assuming a stock that breaks out would "normally" be expected to rise about 25-30% before re-basing, so if never gets up by that amount from my buy point, then I should exit sooner rather than later... Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits ission.com 08/16/2002 05:01 PM Please respond to canslim Oops...I realize now I misread your question. I would *hold on* up to 8% below buy price, but if the stock comes back and *kisses* the pivot, then I would buy more. I'm not inclined to buy more when the stock drops *below* the pivot, unless it shows strong volume pushing it back up to the pivot and beyond. Now I think I've confused even myself! This is the way I think of it "Kiss the pivot, second chance to buy more---Hit the pivot, yellow flag" Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 4:55 PM | Hi Mike, | | 8% standard stop loss, though I don't see this happen too often when the | market is healthy. | | Katherine | | ----- Original Message ----- | From: | To: | Sent: Friday, August 16, 2002 2:54 PM | Subject: Re: [CANSLIM] stop losses and profits | | | | | | Katherine, | | | | I knew I could count on you for a good answer. As a follow up to your | | answer #4, if you made 10-15% in one week, how low would you allow the | | stock to drop on low volume and still buy more, as opposed to selling out? | | | | Put another way, if it ran up 15% in a week, would you allow it to go | below | | your original buy point, even if it was at low volume? | | | | | | Have a great weekend everyone! | | | | Mike | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] stop losses and profits | | ission.com | | | | | | 08/16/2002 02:31 PM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Nancy, | | | | Let me try and clear up some of your confusion: | | | | 1. A stock's "rise" does not occur *in* a base, but *between* bases. While | | the price will fluctuate up and down within the base itself, the amount of | | fluctuation will vary depending on the severity of correction and the time | | it takes to form the area of consolidation. The stock is essentially | | *absorbing* the gains of its previous advance. | | | | 2. When you purchase a stock, you will always purchase it as it *breaks | | out* | | of that base. This preferred buy point is referred to as the "pivot" and | is | | again defined by the pattern that the base forms. | | | | 4. When a stock begins a healthy rising pattern after it breaks out, it | can | | rise *any* amount before it consolidates (bases) again. There is no hard | | and | | fast rule as to how much it will rise before basing, though WON suggests | | that if it is >=25%, the next base would then be considered a "new stage | | base." This is only important in that his studies show that most stocks | | can't muster the oomph to keep going after they've reached the 3rd or 4th | | stage base. | | | | 3. Mike's question about a sell rule is not dependent on *which* base in | | the | | base count we are evaluating. A base is a base. If the stock breaks out as | | it should and begins to rise, how are you going to handle selling it | | when/if | | the time comes? | | | | 4. WON suggests that, if you buy correctly at the pivot (or no more than | 5% | | above it), that you should never have to suffer a loss of more than 8%. | | This | | is because, in his studies, he has found that a healthy stock never falls | | more than 8% below the pivot before continuing a healthy advance. | | | | 5. Mike's question, specifically, was "if a stock breaks out of a base, | | then | | rises 10-15%, then falls back, where do you place your sell stop? 8% below | | your buy price or something other than that?" In other words, should you | be | | willing to accept *any* loss if a stock has managed to rise 10-15% in 6 | | wks, | | then falls back to where you bought it. My vote is, if it takes 6 wks to | | rise and then erases the entire advance, I don't want to take an 8% loss. | | If | | it rose 10-15% in *one* week and then fell back on low volume, I'd look at | | that as "normal" and might consider it a second chance to *buy* more. | | | | Katherine | | | | | | ----- Original Message ----- | | From: "NANCY POLCARO" | | To: | | Sent: Friday, August 16, 2002 1:47 PM | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | Katherine-let me see if I am following correctly please. My question is | | | that previously I understood that after the third rise in a base | | formation | | a | | | stock may correct by dropping below the previous base and then starting | | up | | | again if all is well with the stock. Then the bases start to be | | recounted | | | again. In this case, if you just bought in during the third rise in the | | | base, which from my understanding would probably go up between 15%(Mikes | | | figure) and 25%( the amount of each rise in a base of a healthy stock) | | you | | | would sell(not you personally but someone with my amount of experience | or | | | the like) before the 8% drop, to protect your gain. Then follow the | | stock | | | and watch for a buy in again at some point depending on how the stock | | acts | | | from this point on? Is that close to correct ??? Thanks for your | | thoughts | | | Nancy | | | | | | | | | >From: "Katherine Malm" | | | >Reply-To: canslim@lists.xmission.com | | | >To: | | | >Subject: Re: [CANSLIM] stop losses and profits | | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | | > | | | >HI Mike, | | | > | | | >I think you'll get a hundred different answers on this one, so I'll | just | | | >answer from my personal point of view. | | | > | | | >If a stock breaks out of a well-formed base on volume, then takes 6 | | weeks | | | >to | | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at | that | | | >point, even if it were falling back "normally" as you suggest. To me | | that | | | >means that no sell signals were triggered on the way up, and that the | | | >general pattern included up days on higher volume than down days, | | support | | | >at | | | >the 50 day moving average, etc. My personal preference, however, would | | be | | | >to | | | >move my stop to breakeven or slightly below (3-4% max, depending on | | market | | | >conditions) if the stock had risen like this. | | | > | | | >Katherine | | | > | | | > | | | >----- Original Message ----- | | | >From: | | | >To: | | | >Sent: Friday, August 16, 2002 9:17 AM | | | >Subject: [CANSLIM] stop losses and profits | | | > | | | > | | | >| Group, | | | >| | | | >| In reading WON, he makes a statement that you should never let a | stock | | in | | | >| which you are up 10-15% turn into a loss, but I was wondering you | have | | | >| interpreted that along with the sell at no more than an 8% loss rule. | | | >| | | | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few | (6+ | | | >| weeks), and then is started to correct....Do you sell at you break | | even | | | >| point, or do you allow it to go to your 8% loss point before selling? | | | >This | | | >| is assuming that the stock is NOT giving any strong sell signals, but | | | >| appears to be pulling back "normally". | | | >| | | | >| Thanks | | | >| | | | >| Mike Niemotka , PE | | | >| Sr. Principal Engineer | | | >| Baxter Healthcare Corporation | | | >| Route 120 & Wilson Road | | | >| Round Lake, IL 60073 | | | >| Tel (847) 270-4075 | | | >| Fax (847) 270-4525 | | | >| michael_niemotka@baxter.com | | | >| | | | >| | | | >| | | | >| - | | | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | >| -In the email body, write "subscribe canslim" or | | | >| -"unsubscribe canslim". Do not use quotes in your email. | | | > | | | > | | | >- | | | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | | | >-In the email body, write "subscribe canslim" or | | | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | _________________________________________________________________ | | | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | | | | | | | - | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | -In the email body, write "subscribe canslim" or | | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] stop losses and profits Date: 20 Aug 2002 14:41:44 -0500 HI Mike, I know I talked a bit in circles on this topic and it may have been because I didn't read your question/response closely enough. Here's the summary of my thinking on this issue: I separate my sell rules into several distinct time periods, and the rules vary a bit depending on what the stock does within a certain amount of time. All of this also assumes a healthy "M", of course: 1. Time period: 1st 2 wks after breakout: If the stock rises, regardless of the percentage, then falls back on low volume, the 8% rule still holds. I do not add to a position unless the stock falls back near the pivot on *low volume.* I am skeptical and keep a sharp eye if it drops below the pivot, but it's not uncommon for this to happen, especially in iffy markets, and especially in the first week. That's what the 8% rule is there for, it gives you some leeway, but there are times where it goes up quickly and then falls back and you're stuck with the 8% loss. When the volume picks up to the downside, I'll move the stop to breakeven. If the volume is severe, I'll be out before it hits that point. 2. Once the stock passes the 2 wk mark and up to the 8th week: I've moved my stop to breakeven. That way, I don't have to take a loss in a stock that's risen and stayed above its pivot. 3. Once the 8 wk mark passes, new sell rules kick in. On something like NCEN, in particular, you were fighting against tide to begin with, so there was already extra risk in your purchase. The market was in a clear downtrend and had shown no signs of follow-thru. Second warning was the churning it put in on 6/27, 6/28. Lots of volume and very little price progress--yellow flag. That makes 2 because the poor market is a yellow flag to begin with. Next warning: a big tail down on 7/1, though the volume was relatively benign and didn't qualify as a "distribution" day. Last warning to head for the exits: 7/2. A big volume day and big tail down. That's 4 yellow flags in a row. Time to exit if you haven't already done so. If it wasn't clear on 7/2, it was screaming for attention on 7/5--an up day on very low volume. Assuming you'd missed all the signals, then you still would be saved by a breakeven stop if you'd entered on the breakout 6/19. All in all, the 8% stop is useful, but far less important than all the other sell rules after a stock breaks out. Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 2:19 PM | | Katherine, | | I actually followed this thinking and watched a nice profit (15%) in NCEN | turn into an 8% loss as the bottom dropped out. I think it has made me | make a modification to stop at break even if I end up at 15% gain, at least | until M has be proven to be turned. I came up with this based on assuming | a stock that breaks out would "normally" be expected to rise about 25-30% | before re-basing, so if never gets up by that amount from my buy point, | then I should exit sooner rather than later... | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits | ission.com | | | 08/16/2002 05:01 PM | Please respond to | canslim | | | | | | | Oops...I realize now I misread your question. | | I would *hold on* up to 8% below buy price, but if the stock comes back and | *kisses* the pivot, then I would buy more. I'm not inclined to buy more | when the stock drops *below* the pivot, unless it shows strong volume | pushing it back up to the pivot and beyond. Now I think I've confused even | myself! | | This is the way I think of it "Kiss the pivot, second chance to buy | more---Hit the pivot, yellow flag" | | Katherine | | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Friday, August 16, 2002 4:55 PM | Subject: Re: [CANSLIM] stop losses and profits | | | Hi Mike, | | | | 8% standard stop loss, though I don't see this happen too often when the | | market is healthy. | | | | Katherine | | | | ----- Original Message ----- | | From: | | To: | | Sent: Friday, August 16, 2002 2:54 PM | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | | | | Katherine, | | | | | | I knew I could count on you for a good answer. As a follow up to your | | | answer #4, if you made 10-15% in one week, how low would you allow the | | | stock to drop on low volume and still buy more, as opposed to selling | out? | | | | | | Put another way, if it ran up 15% in a week, would you allow it to go | | below | | | your original buy point, even if it was at low volume? | | | | | | | | | Have a great weekend everyone! | | | | | | Mike | | | | | | Mike Niemotka , PE | | | Sr. Principal Engineer | | | Baxter Healthcare Corporation | | | Route 120 & Wilson Road | | | Round Lake, IL 60073 | | | Tel (847) 270-4075 | | | Fax (847) 270-4525 | | | michael_niemotka@baxter.com | | | | | | | | | | | | "Katherine Malm" | | | To: | | canslim@lists.xmission.com | | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | | [CANSLIM] stop losses and profits | | | ission.com | | | | | | | | | 08/16/2002 02:31 PM | | | Please respond to | | | canslim | | | | | | | | | | | | | | | | | | | | | Hi Nancy, | | | | | | Let me try and clear up some of your confusion: | | | | | | 1. A stock's "rise" does not occur *in* a base, but *between* bases. | While | | | the price will fluctuate up and down within the base itself, the amount | of | | | fluctuation will vary depending on the severity of correction and the | time | | | it takes to form the area of consolidation. The stock is essentially | | | *absorbing* the gains of its previous advance. | | | | | | 2. When you purchase a stock, you will always purchase it as it *breaks | | | out* | | | of that base. This preferred buy point is referred to as the "pivot" | and | | is | | | again defined by the pattern that the base forms. | | | | | | 4. When a stock begins a healthy rising pattern after it breaks out, it | | can | | | rise *any* amount before it consolidates (bases) again. There is no | hard | | | and | | | fast rule as to how much it will rise before basing, though WON | suggests | | | that if it is >=25%, the next base would then be considered a "new | stage | | | base." This is only important in that his studies show that most stocks | | | can't muster the oomph to keep going after they've reached the 3rd or | 4th | | | stage base. | | | | | | 3. Mike's question about a sell rule is not dependent on *which* base | in | | | the | | | base count we are evaluating. A base is a base. If the stock breaks out | as | | | it should and begins to rise, how are you going to handle selling it | | | when/if | | | the time comes? | | | | | | 4. WON suggests that, if you buy correctly at the pivot (or no more | than | | 5% | | | above it), that you should never have to suffer a loss of more than 8%. | | | This | | | is because, in his studies, he has found that a healthy stock never | falls | | | more than 8% below the pivot before continuing a healthy advance. | | | | | | 5. Mike's question, specifically, was "if a stock breaks out of a base, | | | then | | | rises 10-15%, then falls back, where do you place your sell stop? 8% | below | | | your buy price or something other than that?" In other words, should | you | | be | | | willing to accept *any* loss if a stock has managed to rise 10-15% in 6 | | | wks, | | | then falls back to where you bought it. My vote is, if it takes 6 wks | to | | | rise and then erases the entire advance, I don't want to take an 8% | loss. | | | If | | | it rose 10-15% in *one* week and then fell back on low volume, I'd look | at | | | that as "normal" and might consider it a second chance to *buy* more. | | | | | | Katherine | | | | | | | | | ----- Original Message ----- | | | From: "NANCY POLCARO" | | | To: | | | Sent: Friday, August 16, 2002 1:47 PM | | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | | | | Katherine-let me see if I am following correctly please. My question | is | | | | that previously I understood that after the third rise in a base | | | formation | | | a | | | | stock may correct by dropping below the previous base and then | starting | | | up | | | | again if all is well with the stock. Then the bases start to be | | | recounted | | | | again. In this case, if you just bought in during the third rise in | the | | | | base, which from my understanding would probably go up between | 15%(Mikes | | | | figure) and 25%( the amount of each rise in a base of a healthy | stock) | | | you | | | | would sell(not you personally but someone with my amount of | experience | | or | | | | the like) before the 8% drop, to protect your gain. Then follow the | | | stock | | | | and watch for a buy in again at some point depending on how the stock | | | acts | | | | from this point on? Is that close to correct ??? Thanks for your | | | thoughts | | | | Nancy | | | | | | | | | | | | >From: "Katherine Malm" | | | | >Reply-To: canslim@lists.xmission.com | | | | >To: | | | | >Subject: Re: [CANSLIM] stop losses and profits | | | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | | | > | | | | >HI Mike, | | | | > | | | | >I think you'll get a hundred different answers on this one, so I'll | | just | | | | >answer from my personal point of view. | | | | > | | | | >If a stock breaks out of a well-formed base on volume, then takes 6 | | | weeks | | | | >to | | | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at | | that | | | | >point, even if it were falling back "normally" as you suggest. To me | | | that | | | | >means that no sell signals were triggered on the way up, and that | the | | | | >general pattern included up days on higher volume than down days, | | | support | | | | >at | | | | >the 50 day moving average, etc. My personal preference, however, | would | | | be | | | | >to | | | | >move my stop to breakeven or slightly below (3-4% max, depending on | | | market | | | | >conditions) if the stock had risen like this. | | | | > | | | | >Katherine | | | | > | | | | > | | | | >----- Original Message ----- | | | | >From: | | | | >To: | | | | >Sent: Friday, August 16, 2002 9:17 AM | | | | >Subject: [CANSLIM] stop losses and profits | | | | > | | | | > | | | | >| Group, | | | | >| | | | | >| In reading WON, he makes a statement that you should never let a | | stock | | | in | | | | >| which you are up 10-15% turn into a loss, but I was wondering you | | have | | | | >| interpreted that along with the sell at no more than an 8% loss | rule. | | | | >| | | | | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few | | (6+ | | | | >| weeks), and then is started to correct....Do you sell at you break | | | even | | | | >| point, or do you allow it to go to your 8% loss point before | selling? | | | | >This | | | | >| is assuming that the stock is NOT giving any strong sell signals, | but | | | | >| appears to be pulling back "normally". | | | | >| | | | | >| Thanks | | | | >| | | | | >| Mike Niemotka , PE | | | | >| Sr. Principal Engineer | | | | >| Baxter Healthcare Corporation | | | | >| Route 120 & Wilson Road | | | | >| Round Lake, IL 60073 | | | | >| Tel (847) 270-4075 | | | | >| Fax (847) 270-4525 | | | | >| michael_niemotka@baxter.com | | | | >| | | | | >| | | | | >| | | | | >| - | | | | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | | >| -In the email body, write "subscribe canslim" or | | | | >| -"unsubscribe canslim". Do not use quotes in your email. | | | | > | | | | > | | | | >- | | | | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | | | | >-In the email body, write "subscribe canslim" or | | | | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | | | | | | _________________________________________________________________ | | | | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | | | | | | | | | | - | | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | | -In the email body, write "subscribe canslim" or | | | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | - | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | -In the email body, write "subscribe canslim" or | | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | | | | | | | | | | - | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | -In the email body, write "subscribe canslim" or | | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: [CANSLIM] Too Soon To Buy? Seeking Wise Advice Date: 20 Aug 2002 16:22:15 -0400 Hello, For the first time since I started studying CANSLIM (two months), I see IBD giving optimistic comments. Are we far enough away from the July 24th market bottom to buy stocks? If not, what conditions still need to be met? Many thanks to all of you - have learned a lot and didn't have to loose money in the process! jg Jeffrey Gasta Telecommunications Engineering Marriott International Voice: 301.380.6204 Fax: 301.380.8649 jeff.gasta@marriott.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] stop losses and profits Date: 20 Aug 2002 18:37:22 -0400 Katherine: Good points here, and not a lot unlike my own discipline. "Once 8-week mark passes, new sell rules kick in," prompts me to ask what everyone else is thinking. As in, "What sell rules kick in?" Here's where I'm coming from: What if we all take a little time here to bone up on our sell rules? Throw some concepts out on the table (everyone does have a list, don't they?) and get ready for the day when we may need them again (if it ever comes!). Just a thought. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, August 20, 2002 3:42 PM HI Mike, I know I talked a bit in circles on this topic and it may have been because I didn't read your question/response closely enough. Here's the summary of my thinking on this issue: I separate my sell rules into several distinct time periods, and the rules vary a bit depending on what the stock does within a certain amount of time. All of this also assumes a healthy "M", of course: 1. Time period: 1st 2 wks after breakout: If the stock rises, regardless of the percentage, then falls back on low volume, the 8% rule still holds. I do not add to a position unless the stock falls back near the pivot on *low volume.* I am skeptical and keep a sharp eye if it drops below the pivot, but it's not uncommon for this to happen, especially in iffy markets, and especially in the first week. That's what the 8% rule is there for, it gives you some leeway, but there are times where it goes up quickly and then falls back and you're stuck with the 8% loss. When the volume picks up to the downside, I'll move the stop to breakeven. If the volume is severe, I'll be out before it hits that point. 2. Once the stock passes the 2 wk mark and up to the 8th week: I've moved my stop to breakeven. That way, I don't have to take a loss in a stock that's risen and stayed above its pivot. 3. Once the 8 wk mark passes, new sell rules kick in. On something like NCEN, in particular, you were fighting against tide to begin with, so there was already extra risk in your purchase. The market was in a clear downtrend and had shown no signs of follow-thru. Second warning was the churning it put in on 6/27, 6/28. Lots of volume and very little price progress--yellow flag. That makes 2 because the poor market is a yellow flag to begin with. Next warning: a big tail down on 7/1, though the volume was relatively benign and didn't qualify as a "distribution" day. Last warning to head for the exits: 7/2. A big volume day and big tail down. That's 4 yellow flags in a row. Time to exit if you haven't already done so. If it wasn't clear on 7/2, it was screaming for attention on 7/5--an up day on very low volume. Assuming you'd missed all the signals, then you still would be saved by a breakeven stop if you'd entered on the breakout 6/19. All in all, the 8% stop is useful, but far less important than all the other sell rules after a stock breaks out. Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 2:19 PM | | Katherine, | | I actually followed this thinking and watched a nice profit (15%) in | NCEN turn into an 8% loss as the bottom dropped out. I think it has | made me make a modification to stop at break even if I end up at 15% | gain, at least | until M has be proven to be turned. I came up with this based on | assuming a stock that breaks out would "normally" be expected to rise | about 25-30% before re-basing, so if never gets up by that amount from | my buy point, then I should exit sooner rather than later... | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits | ission.com | | | 08/16/2002 05:01 PM | Please respond to | canslim | | | | | | | Oops...I realize now I misread your question. | | I would *hold on* up to 8% below buy price, but if the stock comes | back and | *kisses* the pivot, then I would buy more. I'm not inclined to buy | more when the stock drops *below* the pivot, unless it shows strong | volume pushing it back up to the pivot and beyond. Now I think I've | confused even myself! | | This is the way I think of it "Kiss the pivot, second chance to buy | more---Hit the pivot, yellow flag" | | Katherine | | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Friday, August 16, 2002 4:55 PM | Subject: Re: [CANSLIM] stop losses and profits | | | Hi Mike, | | | | 8% standard stop loss, though I don't see this happen too often when | | the market is healthy. | | | | Katherine | | | | ----- Original Message ----- | | From: | | To: | | Sent: Friday, August 16, 2002 2:54 PM | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | | | | Katherine, | | | | | | I knew I could count on you for a good answer. As a follow up to | | | your answer #4, if you made 10-15% in one week, how low would you | | | allow the stock to drop on low volume and still buy more, as | | | opposed to selling | out? | | | | | | Put another way, if it ran up 15% in a week, would you allow it to | | | go | | below | | | your original buy point, even if it was at low volume? | | | | | | | | | Have a great weekend everyone! | | | | | | Mike | | | | | | Mike Niemotka , PE | | | Sr. Principal Engineer | | | Baxter Healthcare Corporation | | | Route 120 & Wilson Road | | | Round Lake, IL 60073 | | | Tel (847) 270-4075 | | | Fax (847) 270-4525 | | | michael_niemotka@baxter.com | | | | | | | | | | | | "Katherine Malm" | | | To: | | canslim@lists.xmission.com | | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | | [CANSLIM] stop losses and profits | | | ission.com | | | | | | | | | 08/16/2002 02:31 PM | | | Please respond to | | | canslim | | | | | | | | | | | | | | | | | | | | | Hi Nancy, | | | | | | Let me try and clear up some of your confusion: | | | | | | 1. A stock's "rise" does not occur *in* a base, but *between* | | | bases. | While | | | the price will fluctuate up and down within the base itself, the amount | of | | | fluctuation will vary depending on the severity of correction and | | | the | time | | | it takes to form the area of consolidation. The stock is | | | essentially | | | *absorbing* the gains of its previous advance. | | | | | | 2. When you purchase a stock, you will always purchase it as it *breaks | | | out* | | | of that base. This preferred buy point is referred to as the | | | "pivot" | and | | is | | | again defined by the pattern that the base forms. | | | | | | 4. When a stock begins a healthy rising pattern after it breaks | | | out, it | | can | | | rise *any* amount before it consolidates (bases) again. There is | | | no | hard | | | and | | | fast rule as to how much it will rise before basing, though WON | suggests | | | that if it is >=25%, the next base would then be considered a "new | stage | | | base." This is only important in that his studies show that most stocks | | | can't muster the oomph to keep going after they've reached the 3rd | | | or | 4th | | | stage base. | | | | | | 3. Mike's question about a sell rule is not dependent on *which* | | | base | in | | | the | | | base count we are evaluating. A base is a base. If the stock | | | breaks out | as | | | it should and begins to rise, how are you going to handle selling | | | it when/if the time comes? | | | | | | 4. WON suggests that, if you buy correctly at the pivot (or no | | | more | than | | 5% | | | above it), that you should never have to suffer a loss of more | | | than 8%. | | | This | | | is because, in his studies, he has found that a healthy stock | | | never | falls | | | more than 8% below the pivot before continuing a healthy advance. | | | | | | 5. Mike's question, specifically, was "if a stock breaks out of a base, | | | then | | | rises 10-15%, then falls back, where do you place your sell stop? | | | 8% | below | | | your buy price or something other than that?" In other words, | | | should | you | | be | | | willing to accept *any* loss if a stock has managed to rise 10-15% | | | in 6 | | | wks, | | | then falls back to where you bought it. My vote is, if it takes 6 | | | wks | to | | | rise and then erases the entire advance, I don't want to take an | | | 8% | loss. | | | If | | | it rose 10-15% in *one* week and then fell back on low volume, I'd look | at | | | that as "normal" and might consider it a second chance to *buy* | | | more. | | | | | | Katherine | | | | | | | | | ----- Original Message ----- | | | From: "NANCY POLCARO" | | | To: | | | Sent: Friday, August 16, 2002 1:47 PM | | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | | | | Katherine-let me see if I am following correctly please. My question | is | | | | that previously I understood that after the third rise in a base | | | formation | | | a | | | | stock may correct by dropping below the previous base and then | starting | | | up | | | | again if all is well with the stock. Then the bases start to be | | | recounted | | | | again. In this case, if you just bought in during the third | | | | rise in | the | | | | base, which from my understanding would probably go up between | 15%(Mikes | | | | figure) and 25%( the amount of each rise in a base of a healthy | stock) | | | you | | | | would sell(not you personally but someone with my amount of | experience | | or | | | | the like) before the 8% drop, to protect your gain. Then follow | | | | the | | | stock | | | | and watch for a buy in again at some point depending on how the stock | | | acts | | | | from this point on? Is that close to correct ??? Thanks for | | | | your | | | thoughts | | | | Nancy | | | | | | | | | | | | >From: "Katherine Malm" | | | | >Reply-To: canslim@lists.xmission.com | | | | >To: | | | | >Subject: Re: [CANSLIM] stop losses and profits | | | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | | | > | | | | >HI Mike, | | | | > | | | | >I think you'll get a hundred different answers on this one, so | | | | >I'll | | just | | | | >answer from my personal point of view. | | | | > | | | | >If a stock breaks out of a well-formed base on volume, then | | | | >takes 6 | | | weeks | | | | >to | | | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% | | | | >loss at | | that | | | | >point, even if it were falling back "normally" as you suggest. | | | | >To me | | | that | | | | >means that no sell signals were triggered on the way up, and | | | | >that | the | | | | >general pattern included up days on higher volume than down | | | | >days, | | | support | | | | >at | | | | >the 50 day moving average, etc. My personal preference, | | | | >however, | would | | | be | | | | >to | | | | >move my stop to breakeven or slightly below (3-4% max, | | | | >depending on | | | market | | | | >conditions) if the stock had risen like this. | | | | > | | | | >Katherine | | | | > | | | | > | | | | >----- Original Message ----- | | | | >From: | | | | >To: | | | | >Sent: Friday, August 16, 2002 9:17 AM | | | | >Subject: [CANSLIM] stop losses and profits | | | | > | | | | > | | | | >| Group, | | | | >| | | | | >| In reading WON, he makes a statement that you should never | | | | >| let a | | stock | | | in | | | | >| which you are up 10-15% turn into a loss, but I was wondering | | | | >| you | | have | | | | >| interpreted that along with the sell at no more than an 8% | | | | >| loss | rule. | | | | >| | | | | >| Say you buy a stock, at a breakout, and it rises 10-15% over | | | | >| a few | | (6+ | | | | >| weeks), and then is started to correct....Do you sell at you break | | | even | | | | >| point, or do you allow it to go to your 8% loss point before | selling? | | | | >This | | | | >| is assuming that the stock is NOT giving any strong sell | | | | >| signals, | but | | | | >| appears to be pulling back "normally". | | | | >| | | | | >| Thanks | | | | >| | | | | >| Mike Niemotka , PE | | | | >| Sr. Principal Engineer | | | | >| Baxter Healthcare Corporation | | | | >| Route 120 & Wilson Road | | | | >| Round Lake, IL 60073 | | | | >| Tel (847) 270-4075 | | | | >| Fax (847) 270-4525 | | | | >| michael_niemotka@baxter.com | | | | >| | | | | >| | | | | >| | | | | >| - | | | | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" -In | | | | >| the email body, write "subscribe canslim" or -"unsubscribe | | | | >| canslim". Do not use quotes in your email. | | | | > | | | | > | | | | >- | | | | >-To subscribe/unsubscribe, email "majordomo@xmission.com" -In | | | | >the email body, write "subscribe canslim" or -"unsubscribe | | | | >canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | | | | | | ________________________________________________________________ | | | | _ | | | | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | | | | | | | | | | - | | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" -In | | | | the email body, write "subscribe canslim" or -"unsubscribe | | | | canslim". Do not use quotes in your email. | | | | | | | | | - | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the | | | email body, write "subscribe canslim" or -"unsubscribe canslim". | | | Do not use quotes in your email. | | | | | | | | | | | | | | | | | | | | | | | | - | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the | | | email body, write "subscribe canslim" or -"unsubscribe canslim". | | | Do not use quotes in your email. | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the | | email body, write "subscribe canslim" or -"unsubscribe canslim". Do | | not use quotes in your email. | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or -"unsubscribe | canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: [CANSLIM] CACI (CAI) Date: 20 Aug 2002 19:20:57 EDT --part1_18c.cc56a60.2a9428d9_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I have been watching this technology systems company form a near perfect double bottom. On April 17th it hit a high of $40.63 and then dropped to a low of $27.43 on May 2nd, climbed back to $38.54 on June 28th and then returned to a new low of $27.45 on August 5th. Yesterday it jumped up to $38.20 on volume equal to 148% of average, and seemed ready to blast out today. Instead, it dropped $1.20 on below average volume. What is the most logical next move? a). It is gathering steam for a sharp upward move. b). It will now form a handle. c). The chain is broken and it will move to a new low, or will begin to move sideways. d). None of the above. e). Put on a straw hat, pick up a cane, and sing, "Yes sir, she's my baby." Charley --part1_18c.cc56a60.2a9428d9_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I have been watching this technology systems company form a near perfect double bottom. On April 17th it hit a high of $40.63 and then dropped to a low of $27.43 on May 2nd, climbed back to $38.54 on June 28th and then returned to a new low of $27.45 on August 5th. Yesterday it jumped up to $38.20 on volume equal to 148% of average, and seemed ready to blast out today. Instead, it dropped $1.20 on below average volume.
What is the most logical next move?
a). It is gathering steam for a sharp upward move.
b). It will now form a handle.
c). The chain is broken and it will move to a new low, or will begin to move sideways.
d). None of the above.
e). Put on a straw hat, pick up a cane, and sing, "Yes sir, she's my baby."

Charley --part1_18c.cc56a60.2a9428d9_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Ticker help Date: 20 Aug 2002 19:26:41 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00AE_01C2487F.834181B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable What is the ticker for this company? TRADER JOE'S: A UNIQUE GROCERY STORE=20 Thanks, Gene ------=_NextPart_000_00AE_01C2487F.834181B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
What is the ticker for this = company?


TRADER JOE'S: A UNIQUE GROCERY = STORE

Thanks,
Gene
 
 
------=_NextPart_000_00AE_01C2487F.834181B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Ticker help Date: 20 Aug 2002 19:24:18 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_059D_01C2487F.2DF25D60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Gene, They're private. http://www.hoovers.com/co/capsule/9/0,2163,47619,00.html ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 20, 2002 7:26 PM Subject: [CANSLIM] Ticker help What is the ticker for this company? TRADER JOE'S: A UNIQUE GROCERY STORE=20 Thanks, Gene ------=_NextPart_000_059D_01C2487F.2DF25D60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Gene,
 
They're private.
 
http://= www.hoovers.com/co/capsule/9/0,2163,47619,00.html
----- Original Message -----
From:=20 Gene = Ricci
Sent: Tuesday, August 20, 2002 = 7:26=20 PM
Subject: [CANSLIM] Ticker = help

 
What is the ticker for this = company?


TRADER JOE'S: A UNIQUE GROCERY = STORE

Thanks,
Gene
 
 
------=_NextPart_000_059D_01C2487F.2DF25D60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: [CANSLIM] Rose Colored Goggles? Date: 20 Aug 2002 20:44:02 EDT Canslimmers: This is a passage from Wednesday's. Big Picture: "Despite the skittishness, emerging leaders performed well. Moody's (MCO) broke out of an eight-week base. The bond-rating stock popped up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent consolidation isn't as tight as its January-to-April base, which led to a 24% gain. But the company's fundamentals still look good. Moody's grew profit 44% in the latest quarter as sales rose 32%. H&R Block (HRB) followed through on Friday's breakout. The tax stock rallied 1.80 to 53.15 in above-average volume. The company's fundamentals are a little lumpy, given the once-a-year nature of the tax business. But it still scores a 95 Earnings Per Share Rating. That means its growth is better than 95% of stocks on the market. Boyd Gaming (BOYD) resumed its breakout late in the session. The stock added 0.62 to 16.68. Volume swelled 138% above its 50-day average. Pixar (PIXR) marched higher for the fifth day in a row. The animated feature producer has gained almost 15% since charging past its pivot point at 44.30 on Aug. 14. AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday, pulled back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy." THESE ARE CONSIDERED THE LEADERS BY IBD???? Only AMSG has decent earnings and sales. Its formation is nice, but its RS-line (not the rating) is lower than its previous price high. All the others have lousy earnings and some have lousy charts in addition to lousy earnings. Moreover, I get the impression that IBD feels that we are in a rally. However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, S&P 500 and 600) all of them have RS lines going lower as they roll higher. So if this is a rally, I don't think it will last too long. This is just my opinion, but it would be nice if IBD and/WON addressed these divergences. My impression is that IBD/WON wants a rally so much that their wishes are father to the reality. Am I wrong? Katherine and Tom-or anyone who cares to comment-how do you see the big picture? jans - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Rose Colored Goggles? Date: 20 Aug 2002 20:38:39 -0500 Hi jans, I don't think you're going to get a "perfect" CANSLIM stock in all respects coming out of such a severe Bear. Whether or not the rally has legs, there are stocks actually working these days. The breakouts and subsequent action are a bit tentative, but these stocks have been working. I made some quick annotations on the stocks you mentioned just for some prespective. Can't fault any of them from a longer term point of view. Good news is there are another 50 set up right behind them. Now *that's* something that's grabbed my attention. http://WallStreet-LLC.com/canslim/AMSG082002.jpg http://WallStreet-LLC.com/canslim/BYD082002.jpg http://WallStreet-LLC.com/canslim/PIXR082002.jpg http://WallStreet-LLC.com/canslim/HRB082002.jpg http://WallStreet-LLC.com/canslim/MCO082002.jpg Other recent break outs of decent stocks include: FCN, WTW, APOL, CVH, XRAY, AMFH, HBHC, BLUD, JASA, CSTR, JCOM, NWRE, NYCB, DORL. I'd sure love to see good quality stocks breaking out at 5 or 10 a day....but time will tell. Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 7:44 PM | Canslimmers: | | This is a passage from Wednesday's. Big Picture: | | "Despite the skittishness, emerging leaders performed well. | | Moody's (MCO) broke out of an eight-week base. The bond-rating stock popped | up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent | consolidation isn't as tight as its January-to-April base, which led to a 24% | gain. But the company's fundamentals still look good. Moody's grew profit 44% | in the latest quarter as sales rose 32%. | | H&R Block (HRB) followed through on Friday's breakout. The tax stock rallied | 1.80 to 53.15 in above-average volume. The company's fundamentals are a | little lumpy, given the once-a-year nature of the tax business. But it still | scores a 95 Earnings Per Share Rating. That means its growth is better than | 95% of stocks on the market. | | Boyd Gaming (BOYD) resumed its breakout late in the session. The stock added | 0.62 to 16.68. Volume swelled 138% above its 50-day average. | | Pixar (PIXR) marched higher for the fifth day in a row. The animated feature | producer has gained almost 15% since charging past its pivot point at 44.30 | on Aug. 14. | | AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday, pulled | back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy." | | THESE ARE CONSIDERED THE LEADERS BY IBD???? Only AMSG has decent | earnings and sales. Its formation is nice, but its RS-line (not the rating) | is lower than its previous price high. All the others have lousy earnings | and some have lousy charts in addition to lousy earnings. | | Moreover, I get the impression that IBD feels that we are in a rally. | However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, S&P | 500 and 600) all of them have RS lines going lower as they roll higher. So | if this is a rally, I don't think it will last too long. | | This is just my opinion, but it would be nice if IBD and/WON addressed | these divergences. My impression is that IBD/WON wants a rally so much that | their wishes are father to the reality. | | Am I wrong? Katherine and Tom-or anyone who cares to comment-how do you | see the big picture? | | jans | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Robert Mansk" Subject: [CANSLIM] Intro - Bob Mansk Date: 20 Aug 2002 21:48:52 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_18F6_01C24893.5FCEDCA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hello All, I have been a lurker on this list for a few months now and thought I = would make a proper introduction of myself. I have been investing in = stocks for about 20 years, although up until now, mostly passively. I = subscribed to the Vanguard buy and hold index fund approach for the bulk = of my holdings. Through the recent market down turns I began to = question that approach, at least for all of my holdings. I got serious = about learning more about investing in individual stocks. =20 I have recently read WON's HTMMIS and I am starting to apply the = concepts. I have found the discussions here also an excellent guide and = reference and look forward to participating in them. For my day job, I am an independent computer consultant, primarily = as an Oracle iDBA. Bob ------=_NextPart_000_18F6_01C24893.5FCEDCA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hello All,
 
    I have been a lurker = on this=20 list for a few months now and thought I would make a proper introduction = of=20 myself.  I have been investing in stocks for about 20 years, = although up=20 until now, mostly passively.   I subscribed to the = Vanguard=20 buy and hold index fund approach for the bulk of my holdings.  = Through=20 the recent market down turns I began to question that approach, at least = for all=20 of my holdings.  I got serious about learning more about = investing in=20 individual stocks. 
 
    I have recently read = WON's=20 HTMMIS and I am starting to apply the concepts.  I have found the=20 discussions here also an excellent guide and reference and look forward = to=20 participating in them.
 
    For my day job, I am = an=20 independent computer consultant, primarily as an Oracle = iDBA.
 
Bob
------=_NextPart_000_18F6_01C24893.5FCEDCA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Home Depot Date: 20 Aug 2002 22:57:32 -0400 Hermann, I am not sure if you are trying nicely to be difficult, or just don't get the point. My comment is again focused on "M", as I noted in my post, LOW was credited yesterday with a part of the reason for the rally. Reason? They substantially beat estimates. Today, same group, HD well beat estimates. Both are benefiting from the strong housing market, both new and used homes (when is the last time you knew anyone to buy a house new to them, and not go out and buy stuff for it??). Both companies had strong sales growth as well, which speaks to consumer sentiment and willingness to spend in a much more substantial way than the polls. After all, this is measured in real money in the till. Their group has an RS rating of 86, so may also be signaling signs of leadership. If you don't like what I post, then I strongly suggest you set up a mail filter and send my posts to your trash can. ----- Original Message ----- Sent: Tuesday, August 20, 2002 12:05 PM > From: "Tom Worley" > Date: Tue, 20 Aug 2002 08:14:05 -0400 > > HD reported this morning, like Lowe's showing excellent growth with earnings > up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a > surprise, given all the new home owners, but Lowe's is being credited with > yesterday's rally in part. Let's see if HD can take care of Tuesday. At what stage in its chart patterns is HD? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Roger Subject: [CANSLIM] eIBD Date: 20 Aug 2002 23:08:45 -0400 hi all, fyi, WON and friends recently announced the electronic version of IBD, called eIBD. you can check it out at www.investors.com/eibdoffer/ however, given the annual subscription rate of 319$usd, which is almost 50% more that the annual IBD subscription rate, i wonder how they can justify this? Roger Tawa [One thing about paradigms: shift happens.] ________________________________________________ Get your own "800" number Voicemail, fax, email, and a lot more http://www.ureach.com/reg/tag - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] eIBD Date: 20 Aug 2002 21:03:45 -0700 More money??? Yikes! Add the that the one big blunder I see: PDF format. Very slow format even with a broadband connection. It will be interesting to see how the pricing of the paper version fares next year. Somthing smells of increase at that end also. -Bill ----- Original Message ----- Sent: Tuesday, August 20, 2002 8:08 PM > hi all, > > fyi, WON and friends recently announced the electronic version of IBD, called > eIBD. you can check it out at www.investors.com/eibdoffer/ > > however, given the annual subscription rate of 319$usd, which is almost 50% > more that the annual IBD subscription rate, i wonder how they can justify this? > > Roger Tawa > [One thing about paradigms: shift happens.] > > > ________________________________________________ > Get your own "800" number > Voicemail, fax, email, and a lot more > http://www.ureach.com/reg/tag > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro - Bob Mansk Date: 21 Aug 2002 00:13:33 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0138_01C248A7.95E58320 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable thanks for the intro, Bob, and welcome to the group. I look forward to = your future participation, now that we know you are out there listening = in. Curious how your performance with Vanguard buy&hold fund has been, = and how you feel about it? ----- Original Message -----=20 Sent: Tuesday, August 20, 2002 9:48 PM Hello All, I have been a lurker on this list for a few months now and thought I = would make a proper introduction of myself. I have been investing in = stocks for about 20 years, although up until now, mostly passively. I = subscribed to the Vanguard buy and hold index fund approach for the bulk = of my holdings. Through the recent market down turns I began to = question that approach, at least for all of my holdings. I got serious = about learning more about investing in individual stocks. =20 I have recently read WON's HTMMIS and I am starting to apply the = concepts. I have found the discussions here also an excellent guide and = reference and look forward to participating in them. For my day job, I am an independent computer consultant, primarily = as an Oracle iDBA. Bob ------=_NextPart_000_0138_01C248A7.95E58320 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
thanks for the intro, Bob, and welcome to the = group. I=20 look forward to your future participation, now that we know you are out = there=20 listening in. Curious how your performance with Vanguard buy&hold = fund has=20 been, and how you feel about it?
 
----- Original Message -----=20
From: Robert=20 Mansk
Sent: Tuesday, August 20, 2002 9:48 PM
Subject: [CANSLIM] Intro - Bob Mansk

Hello All,
 
    I have been a lurker = on this=20 list for a few months now and thought I would make a proper introduction = of=20 myself.  I have been investing in stocks for about 20 years, = although up=20 until now, mostly passively.   I subscribed to the = Vanguard=20 buy and hold index fund approach for the bulk of my holdings.  = Through=20 the recent market down turns I began to question that approach, at least = for all=20 of my holdings.  I got serious about learning more about = investing in=20 individual stocks. 
 
    I have recently read = WON's=20 HTMMIS and I am starting to apply the concepts.  I have found the=20 discussions here also an excellent guide and reference and look forward = to=20 participating in them.
 
    For my day job, I am = an=20 independent computer consultant, primarily as an Oracle = iDBA.
 
Bob
------=_NextPart_000_0138_01C248A7.95E58320-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Rose Colored Goggles? Date: 21 Aug 2002 01:47:58 -0400 jans, I did a fast run thru of the charts, and want to first comment on one of your comments, that being that only AMSG has good earnings and sales. MCO - EPS 96, last 4 qtrs earnings up 24% to 53%, forecast this year up 35%, next 12% HRB - EPS 95, last 4 qtrs from "N/A" to plus 50% (N/A qtrs were smaller losses), forecast up 17% and 11% BOYD - EPS 44 (ugly but explainable due losses past two years), last 4 qtrs from "N/A" to plus 500%, no forecast PIXR - EPS 93, last 4 qtrs from minus 65% to plus 88%, last two qtrs both nice gains, forecast up 93% and 15% AMSG - EPS 99, last 4 qtrs plus 27% to plus 53%, forecast 46% and 22% I didn't write down all the sales growth data, but think almost every qtr for each of them was showing growth, mostly double digit, and in most cases over 20%, growth year over year. In a good "M", and a strong economy, these earnings and sales growth would still put them well over average. In the poor "M" we have at present, and a weak (but recovering IMO) economy, they put them on the top of the heap. Their groups were all mostly top rated groups, B+ or better, with the sole exception of HRB rated at D. Moody's makes some sense to me if you believe (as I do) that major corps are starting to get more confident about spending money on productivity related upgrades of equipment and software. With interest rates low, more of the big corps will be looking to do more debt issue, and Moody's will benefit from that. Sales there are up 24% to 37%, and may be a stealth indicator to what big corporate America may be quietly doing, issuing new debt at lower interest rates while redeeming older higher interest bonds (or quietly buying them back). Much like homeowners refinancing, this means lower debt service in the future, more cash flow, lower expenses, etc. And more capital for equipment purchase, acquisitions, etc. HRB has been trying for some years, without notable success, to diversify enough to smooth out their seasonal sales and earnings. Don't know that they can ever succeed without some significant acquisitions (I still think EPIQ would be an excellent acquisition for them, so long as it is at a huge premium!!!) the rest I don't have much thoughts on, other than all are big caps, which seems to me to not be the best place to invest right now unless you are a big fund / money manager and looking for a place to dump millions of dollars at a time. chart wise, I didn't find any of these to be particularly distasteful, nor did I find any of them screaming at me to buy (assuming I could tolerate a big cap stock). I do agree that the RS line by itself was not saying much long term, but I also didn't see them waving red flags at a quick glance. The RS line for the DOW and the NYSE Comp are both trending upward slowly and steadily, just what I would like to see in today's climate. RS line for Naz and R2000 much more shaky, but also what I would expect right now given the past 10 weeks performance. As I said in one of my recent posts, we have seen higher lows on all indexes, but I need to also see higher highs on the indexes before I will believe we are in a rally, much less have finally seen the true bottom. Well, we now have higher highs on the DOW, NYSE Comp, Naz 100, Naz Comp, NYSE Financials, S&P Mid Cap 400, S&P 500, and S&P 600. Russell 2000 is one significant omission from this list for me, but I personally have seen good results (margin acct up 14% in two days, for example, and VR Fund kicking all the indexes again) so may just be a matter of days for it to join the crowd. So, yes, I think we are in rally mode, but too early to say whether just a bull rally in a bear market, or that we have finally bottomed, or if so that we now have started a brand spanking new baby bull market (what's a baby bull, calf??). I have long held that the overall economics (which I believe ultimately drive corp earnings) are much better (and recovering) than what you would believe from either listening to airhead commentators, or looking at the stock market. I strongly suspect a lot of the underperformance of the stock markets compared to the economy is due to foreign investment dollars being withdrawn, which also weakens the dollar. At the moment, I believe that this cash flow is back to neutral, if not already positive, in part because where else are investors going to park their money where they feel safer? If confidence in US markets returns (and the corp governance issues are a big part of this, e.g. CEO/CFO certifications news, along with well known analysts touting stocks while simultaneously trashing them internal to their brokerage house) then the rush of capital back into US markets, both from foreign investors as well as cash still sidelined here in USA, could be huge. I deliberately did not focus much on the current RS lines of these stocks because RS is weighed more heavily on the latest time period, and lately these stocks, like most others, have done poorly. On the other hand, because RS is weighted heavily on the recent term, a sharp trend up short term can rapidly change the RS #, and line, into a very respectable presentation. Given that their respective EPS rating is already at or near the top of the scale (and that takes far longer both to build to those levels as well as deteriorate from there, but recent qtrs suggest the latter is not going to happen), and group RS is quite high as well for all but one, then I would have to applaud IBD for once presenting a topic in terms of what is happening right now, rather than six months or two years ago. Sorry jans, but guess I am back into my more normal bullish, and contrarian, stance. Maybe I want a rally even more than IBD (actually I already have one, just want it to keep going). ----- Original Message ----- Sent: Tuesday, August 20, 2002 8:44 PM Canslimmers: This is a passage from Wednesday's. Big Picture: "Despite the skittishness, emerging leaders performed well. Moody's (MCO) broke out of an eight-week base. The bond-rating stock popped up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent consolidation isn't as tight as its January-to-April base, which led to a 24% gain. But the company's fundamentals still look good. Moody's grew profit 44% in the latest quarter as sales rose 32%. H&R Block (HRB) followed through on Friday's breakout. The tax stock rallied 1.80 to 53.15 in above-average volume. The company's fundamentals are a little lumpy, given the once-a-year nature of the tax business. But it still scores a 95 Earnings Per Share Rating. That means its growth is better than 95% of stocks on the market. Boyd Gaming (BOYD) resumed its breakout late in the session. The stock added 0.62 to 16.68. Volume swelled 138% above its 50-day average. Pixar (PIXR) marched higher for the fifth day in a row. The animated feature producer has gained almost 15% since charging past its pivot point at 44.30 on Aug. 14. AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday, pulled back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy." THESE ARE CONSIDERED THE LEADERS BY IBD???? Only AMSG has decent earnings and sales. Its formation is nice, but its RS-line (not the rating) is lower than its previous price high. All the others have lousy earnings and some have lousy charts in addition to lousy earnings. Moreover, I get the impression that IBD feels that we are in a rally. However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, S&P 500 and 600) all of them have RS lines going lower as they roll higher. So if this is a rally, I don't think it will last too long. This is just my opinion, but it would be nice if IBD and/WON addressed these divergences. My impression is that IBD/WON wants a rally so much that their wishes are father to the reality. Am I wrong? Katherine and Tom-or anyone who cares to comment-how do you see the big picture? jans - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 02:08:17 -0400 Outside of the small / micro cap playground I like to haunt, where 10,000 shares in a day can represent a huge volume spike, the retail investors represented on this group can make little difference in their buying power / volume alone. But where they can make a difference is when you add in all the other CANSLIM oriented investors that have not yet (fortunately) found this group, or all the ones that are pure momentum players, or think they understand CANSLIM, and thereby end up with approx the same pivot point. Then, on top of that, think of the real elephants, the money / fund managers sitting on the sidelines with bags of somebody else's money they want to spend, and don't know where. If they are active practitioners of CANSLIM, they likely they are also looking at the same pivot point, and ready to cast millions of $$$ at it when they see a possible b/o. If the little guys all start hitting the same pivot point, creating both volume and price movement, then some of the elephants start stampeding. That attracts attention from other little guys just chasing the herd, as well as other fund / money managers, some of whom are friends with the ones that already jumped into the water. They don't call it herd instinct (or herd mentality, which implies wrongly that there are any brains behind it) for nothing. Momentum is only one part of CANSLIM. When you get both momentum and quality CANSLIM criteria, you get the best of all worlds, of interest to the majority of potential stock buyers (as well as some shorters). ----- Original Message ----- Sent: Tuesday, August 20, 2002 1:06 PM Maybe in a bear M where there are few good set-ups, we small CAN SLIMers out here in WON-land can make a difference on low-vol stocks. WON says it's instutions that move a stock when it is really climbing. But I have never completely understood how the big money plays CAN SLIM (if they do). Do they ever buy at the pivot like us? Surely they don't move in and out of a stock like CAN SLIM can have us doing at times. I thought they took weeks to take a position? If so, wouldn't they be the folks causing the right side of the cup to form? Not being an market insider, I am "clueless in Texas." Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] stop losses and profits Date: 21 Aug 2002 02:25:00 -0400 Michael, one of the hardest things for me to learn, and I still consider myself a beginner at it, is to learn how to hold onto the biggest long term gainers. Frankly, if I had bought DOCC in my IRA instead of my margin account just over six months ago, I likely would have already sold part of it. Instead, I hold a major winner because I also want to avoid long term capital gains taxes if this stock permits me to. Likewise, every stock is different depending on its price, past performance, overall volatility, price spread between the bid and ask, average volume, shape of the base, how cleanly defined is the pivot, etc. Because I only buy small and micro cap stocks, often low priced, often with low volume, I have learned to give them more room to roam. More risk, more chance of a major percentage loss. But necessary if I am to continue owning one or more big winners periodically. But like many, I have a day job and cannot sit in front of a monitor all day, so I try to sneak in ahead of a potential b/o rather than waiting for the actual b/o and maybe missing it. I believe that most should adhere to a 8% stop loss until they gain experience, and even thereafter for some. Whether you raise this stop loss at a 15% or 20% gain is less important than that you have a plan, a discipline, in place. ----- Original Message ----- Sent: Tuesday, August 20, 2002 3:19 PM Katherine, I actually followed this thinking and watched a nice profit (15%) in NCEN turn into an 8% loss as the bottom dropped out. I think it has made me make a modification to stop at break even if I end up at 15% gain, at least until M has be proven to be turned. I came up with this based on assuming a stock that breaks out would "normally" be expected to rise about 25-30% before re-basing, so if never gets up by that amount from my buy point, then I should exit sooner rather than later... Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits ission.com 08/16/2002 05:01 PM Please respond to canslim Oops...I realize now I misread your question. I would *hold on* up to 8% below buy price, but if the stock comes back and *kisses* the pivot, then I would buy more. I'm not inclined to buy more when the stock drops *below* the pivot, unless it shows strong volume pushing it back up to the pivot and beyond. Now I think I've confused even myself! This is the way I think of it "Kiss the pivot, second chance to buy more---Hit the pivot, yellow flag" Katherine ----- Original Message ----- Sent: Friday, August 16, 2002 4:55 PM | Hi Mike, | | 8% standard stop loss, though I don't see this happen too often when the | market is healthy. | | Katherine | | ----- Original Message ----- | From: | To: | Sent: Friday, August 16, 2002 2:54 PM | Subject: Re: [CANSLIM] stop losses and profits | | | | | | Katherine, | | | | I knew I could count on you for a good answer. As a follow up to your | | answer #4, if you made 10-15% in one week, how low would you allow the | | stock to drop on low volume and still buy more, as opposed to selling out? | | | | Put another way, if it ran up 15% in a week, would you allow it to go | below | | your original buy point, even if it was at low volume? | | | | | | Have a great weekend everyone! | | | | Mike | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] stop losses and profits | | ission.com | | | | | | 08/16/2002 02:31 PM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Nancy, | | | | Let me try and clear up some of your confusion: | | | | 1. A stock's "rise" does not occur *in* a base, but *between* bases. While | | the price will fluctuate up and down within the base itself, the amount of | | fluctuation will vary depending on the severity of correction and the time | | it takes to form the area of consolidation. The stock is essentially | | *absorbing* the gains of its previous advance. | | | | 2. When you purchase a stock, you will always purchase it as it *breaks | | out* | | of that base. This preferred buy point is referred to as the "pivot" and | is | | again defined by the pattern that the base forms. | | | | 4. When a stock begins a healthy rising pattern after it breaks out, it | can | | rise *any* amount before it consolidates (bases) again. There is no hard | | and | | fast rule as to how much it will rise before basing, though WON suggests | | that if it is >=25%, the next base would then be considered a "new stage | | base." This is only important in that his studies show that most stocks | | can't muster the oomph to keep going after they've reached the 3rd or 4th | | stage base. | | | | 3. Mike's question about a sell rule is not dependent on *which* base in | | the | | base count we are evaluating. A base is a base. If the stock breaks out as | | it should and begins to rise, how are you going to handle selling it | | when/if | | the time comes? | | | | 4. WON suggests that, if you buy correctly at the pivot (or no more than | 5% | | above it), that you should never have to suffer a loss of more than 8%. | | This | | is because, in his studies, he has found that a healthy stock never falls | | more than 8% below the pivot before continuing a healthy advance. | | | | 5. Mike's question, specifically, was "if a stock breaks out of a base, | | then | | rises 10-15%, then falls back, where do you place your sell stop? 8% below | | your buy price or something other than that?" In other words, should you | be | | willing to accept *any* loss if a stock has managed to rise 10-15% in 6 | | wks, | | then falls back to where you bought it. My vote is, if it takes 6 wks to | | rise and then erases the entire advance, I don't want to take an 8% loss. | | If | | it rose 10-15% in *one* week and then fell back on low volume, I'd look at | | that as "normal" and might consider it a second chance to *buy* more. | | | | Katherine | | | | | | ----- Original Message ----- | | From: "NANCY POLCARO" | | To: | | Sent: Friday, August 16, 2002 1:47 PM | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | Katherine-let me see if I am following correctly please. My question is | | | that previously I understood that after the third rise in a base | | formation | | a | | | stock may correct by dropping below the previous base and then starting | | up | | | again if all is well with the stock. Then the bases start to be | | recounted | | | again. In this case, if you just bought in during the third rise in the | | | base, which from my understanding would probably go up between 15%(Mikes | | | figure) and 25%( the amount of each rise in a base of a healthy stock) | | you | | | would sell(not you personally but someone with my amount of experience | or | | | the like) before the 8% drop, to protect your gain. Then follow the | | stock | | | and watch for a buy in again at some point depending on how the stock | | acts | | | from this point on? Is that close to correct ??? Thanks for your | | thoughts | | | Nancy | | | | | | | | | >From: "Katherine Malm" | | | >Reply-To: canslim@lists.xmission.com | | | >To: | | | >Subject: Re: [CANSLIM] stop losses and profits | | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | | > | | | >HI Mike, | | | > | | | >I think you'll get a hundred different answers on this one, so I'll | just | | | >answer from my personal point of view. | | | > | | | >If a stock breaks out of a well-formed base on volume, then takes 6 | | weeks | | | >to | | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at | that | | | >point, even if it were falling back "normally" as you suggest. To me | | that | | | >means that no sell signals were triggered on the way up, and that the | | | >general pattern included up days on higher volume than down days, | | support | | | >at | | | >the 50 day moving average, etc. My personal preference, however, would | | be | | | >to | | | >move my stop to breakeven or slightly below (3-4% max, depending on | | market | | | >conditions) if the stock had risen like this. | | | > | | | >Katherine | | | > | | | > | | | >----- Original Message ----- | | | >From: | | | >To: | | | >Sent: Friday, August 16, 2002 9:17 AM | | | >Subject: [CANSLIM] stop losses and profits | | | > | | | > | | | >| Group, | | | >| | | | >| In reading WON, he makes a statement that you should never let a | stock | | in | | | >| which you are up 10-15% turn into a loss, but I was wondering you | have | | | >| interpreted that along with the sell at no more than an 8% loss rule. | | | >| | | | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few | (6+ | | | >| weeks), and then is started to correct....Do you sell at you break | | even | | | >| point, or do you allow it to go to your 8% loss point before selling? | | | >This | | | >| is assuming that the stock is NOT giving any strong sell signals, but | | | >| appears to be pulling back "normally". | | | >| | | | >| Thanks | | | >| | | | >| Mike Niemotka , PE | | | >| Sr. Principal Engineer | | | >| Baxter Healthcare Corporation | | | >| Route 120 & Wilson Road | | | >| Round Lake, IL 60073 | | | >| Tel (847) 270-4075 | | | >| Fax (847) 270-4525 | | | >| michael_niemotka@baxter.com | | | >| | | | >| | | | >| | | | >| - | | | >| -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | >| -In the email body, write "subscribe canslim" or | | | >| -"unsubscribe canslim". Do not use quotes in your email. | | | > | | | > | | | >- | | | >-To subscribe/unsubscribe, email "majordomo@xmission.com" | | | >-In the email body, write "subscribe canslim" or | | | >-"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | _________________________________________________________________ | | | Send and receive Hotmail on your mobile device: http://mobile.msn.com | | | | | | | | | - | | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | | -In the email body, write "subscribe canslim" or | | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Too Soon To Buy? Seeking Wise Advice Date: 21 Aug 2002 02:34:17 -0400 Jeffrey, distance from the 7/24 latest lows, whether measured in time or price, makes little difference. What does matter is whether this is just a short term bull rally in a continuing bear market, or marks the bottom having been reached in July, and now embarked on a serious bull rally that could last for years. For that, ask me again in six or twelve months, only time will answer the question. the question also depends on what you are trying to do. Personally, I am a long term investor, willing to hold a stock for years if that makes sense to me. For someone looking for a quick hit of 10 or 15%, it may already be too late, as we already have index gains of 20% or thereabouts from the July low. The chance we could gain another 10 or 15% from here, short term, are so slight as to be disregarded. Just in a few weeks most markets have gone from seriously oversold to measurably overbought. For a long term investor, looking for some reversal to support putting money at risk, the gains to date from 7/24 may not be any more significant than that from 9/11/02. ----- Original Message ----- Sent: Tuesday, August 20, 2002 4:22 PM Hello, For the first time since I started studying CANSLIM (two months), I see IBD giving optimistic comments. Are we far enough away from the July 24th market bottom to buy stocks? If not, what conditions still need to be met? Many thanks to all of you - have learned a lot and didn't have to loose money in the process! jg Jeffrey Gasta Telecommunications Engineering Marriott International Voice: 301.380.6204 Fax: 301.380.8649 jeff.gasta@marriott.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Robert Mansk" Subject: Re: [CANSLIM] Intro - Bob Mansk Date: 21 Aug 2002 07:41:46 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_1917_01C248E6.33C34B70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, I haven't recalculated the total return numbers for my total = Vanguard in a while. Just eye-balling the various accounts I would = estimate the total current loss from the Q1 - 2000 peak to be 20 - 30 %. = That is with a mix that is about 50% Totl Stock Mkt, 25% Bonds 15% = International Stock, 5% REIT and 5% Energy. As to my feelings about it, the appeal is that it is a low maint = portfolio that has done reasonibly well through most times. I had read = John Vogle's book on using index funds and buy and hold. I bought into = it. There was also a time back in the early 90's when I managed a = portion of my portfolio using the Fidelity Monitor newsleter. For a = period of a couple of years I used both my current approach and followed = the newsletter. The Vanguard buy and hold strategy out performed the = newsletter. Eventually, I dropped the newsletter and went strickly with = Vanguard buy and hold. =20 On a go forward, I would like to depend less on Vanguard index fund = buy and hold. =20 Bob=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 21, 2002 12:13 AM Subject: Re: [CANSLIM] Intro - Bob Mansk thanks for the intro, Bob, and welcome to the group. I look forward to = your future participation, now that we know you are out there listening = in. Curious how your performance with Vanguard buy&hold fund has been, = and how you feel about it? ----- Original Message -----=20 From: Robert Mansk=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 20, 2002 9:48 PM Subject: [CANSLIM] Intro - Bob Mansk Hello All, I have been a lurker on this list for a few months now and thought = I would make a proper introduction of myself. I have been investing in = stocks for about 20 years, although up until now, mostly passively. I = subscribed to the Vanguard buy and hold index fund approach for the bulk = of my holdings. Through the recent market down turns I began to = question that approach, at least for all of my holdings. I got serious = about learning more about investing in individual stocks. =20 I have recently read WON's HTMMIS and I am starting to apply the = concepts. I have found the discussions here also an excellent guide and = reference and look forward to participating in them. For my day job, I am an independent computer consultant, primarily = as an Oracle iDBA. Bob ------=_NextPart_000_1917_01C248E6.33C34B70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
    I haven't = recalculated the total=20 return numbers for my total Vanguard in a while.  Just=20 eye-balling the various accounts I would estimate the total current = loss=20 from the Q1 - 2000 peak to be 20 - 30 %.  That is with a mix that = is=20 about 50% Totl Stock Mkt, 25% Bonds 15% International = Stock, 5%=20 REIT and 5% Energy.
 
    As to my feelings = about it, the=20 appeal is that it is a low maint portfolio that has done reasonibly = well=20 through most times. I had read John Vogle's book on using = index funds=20 and buy and hold.  I bought into it.  There was also = a time back=20 in the early 90's when I managed a portion of my portfolio using the = Fidelity=20 Monitor newsleter.  For a period of a couple of years I used = both my=20 current approach and followed the newsletter.  The Vanguard buy and = hold=20 strategy out performed the newsletter.  Eventually, I dropped the=20 newsletter and went strickly with Vanguard buy and hold.
   
    On a go forward, I = would like to=20 depend less on Vanguard index fund buy and = hold.   
 
Bob 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, August 21, = 2002 12:13=20 AM
Subject: Re: [CANSLIM] Intro - = Bob=20 Mansk

thanks for the intro, Bob, and welcome to the = group. I=20 look forward to your future participation, now that we know you are = out there=20 listening in. Curious how your performance with Vanguard buy&hold = fund has=20 been, and how you feel about it?
 
----- Original Message -----=20
From: Robert=20 Mansk
Sent: Tuesday, August 20, 2002 9:48 PM
Subject: [CANSLIM] Intro - Bob Mansk

Hello All,
 
    I have been a = lurker on this=20 list for a few months now and thought I would make a proper = introduction of=20 myself.  I have been investing in stocks for about 20 years, = although up=20 until now, mostly passively.   I subscribed to the = Vanguard buy and hold index fund approach for the bulk of my=20 holdings.  Through the recent market down turns I began to = question that=20 approach, at least for all of my holdings.  I got serious = about=20 learning more about investing in individual stocks.  =
 
    I have recently = read WON's=20 HTMMIS and I am starting to apply the concepts.  I have found the = discussions here also an excellent guide and reference and look = forward to=20 participating in them.
 
    For my day job, I = am an=20 independent computer consultant, primarily as an Oracle = iDBA.
 
Bob
------=_NextPart_000_1917_01C248E6.33C34B70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] Intro - Bob Mansk Date: 21 Aug 2002 09:06:16 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0034_01C248F2.01BF6080 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Just a quick defense of Bogle.... I attended a talk of his a couple of = years ago and he was clear in warning that he felt the market was very = overvalued and that future returns would be far smaller than what we had = seen in the late 90s. ----- Original Message -----=20 From: Robert Mansk=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 21, 2002 7:41 AM Subject: Re: [CANSLIM] Intro - Bob Mansk Tom, I haven't recalculated the total return numbers for my total = Vanguard in a while. Just eye-balling the various accounts I would = estimate the total current loss from the Q1 - 2000 peak to be 20 - 30 %. = That is with a mix that is about 50% Totl Stock Mkt, 25% Bonds 15% = International Stock, 5% REIT and 5% Energy. As to my feelings about it, the appeal is that it is a low maint = portfolio that has done reasonibly well through most times. I had read = John Vogle's book on using index funds and buy and hold. I bought into = it. There was also a time back in the early 90's when I managed a = portion of my portfolio using the Fidelity Monitor newsleter. For a = period of a couple of years I used both my current approach and followed = the newsletter. The Vanguard buy and hold strategy out performed the = newsletter. Eventually, I dropped the newsletter and went strickly with = Vanguard buy and hold. =20 On a go forward, I would like to depend less on Vanguard index = fund buy and hold. =20 Bob=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 21, 2002 12:13 AM Subject: Re: [CANSLIM] Intro - Bob Mansk thanks for the intro, Bob, and welcome to the group. I look forward = to your future participation, now that we know you are out there = listening in. Curious how your performance with Vanguard buy&hold fund = has been, and how you feel about it? ----- Original Message -----=20 From: Robert Mansk=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 20, 2002 9:48 PM Subject: [CANSLIM] Intro - Bob Mansk Hello All, I have been a lurker on this list for a few months now and = thought I would make a proper introduction of myself. I have been = investing in stocks for about 20 years, although up until now, mostly = passively. I subscribed to the Vanguard buy and hold index fund = approach for the bulk of my holdings. Through the recent market down = turns I began to question that approach, at least for all of my = holdings. I got serious about learning more about investing in = individual stocks. =20 I have recently read WON's HTMMIS and I am starting to apply the = concepts. I have found the discussions here also an excellent guide and = reference and look forward to participating in them. For my day job, I am an independent computer consultant, = primarily as an Oracle iDBA. Bob ------=_NextPart_000_0034_01C248F2.01BF6080 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Just a quick defense of = Bogle.... I attended=20 a talk of his a couple of years ago and he was clear in warning that he = felt the=20 market was very overvalued and that future returns would be far smaller = than=20 what we had seen in the late 90s.
----- Original Message -----
From:=20 Robert Mansk
Sent: Wednesday, August 21, = 2002 7:41=20 AM
Subject: Re: [CANSLIM] Intro - = Bob=20 Mansk

Tom,
 
    I haven't = recalculated the=20 total return numbers for my total Vanguard in a while.  = Just=20 eye-balling the various accounts I would estimate the total = current loss=20 from the Q1 - 2000 peak to be 20 - 30 %.  That is with a mix that = is=20 about 50% Totl Stock Mkt, 25% Bonds 15% International = Stock, 5%=20 REIT and 5% Energy.
 
    As to my feelings = about it,=20 the appeal is that it is a low maint portfolio that has done = reasonibly=20 well through most times. I had read John Vogle's book on = using index=20 funds and buy and hold.  I bought into it.  There was also=20 a time back in the early 90's when I managed a portion of my = portfolio=20 using the Fidelity Monitor newsleter.  For a period of a = couple of=20 years I used both my current approach and followed the = newsletter.  The=20 Vanguard buy and hold strategy out performed the newsletter.  = Eventually,=20 I dropped the newsletter and went strickly with Vanguard buy and=20 hold.
   
    On a go forward, I = would like=20 to depend less on Vanguard index fund buy and=20 hold.   
 
Bob 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, August 21, = 2002 12:13=20 AM
Subject: Re: [CANSLIM] Intro = - Bob=20 Mansk

thanks for the intro, Bob, and welcome to = the group. I=20 look forward to your future participation, now that we know you are = out=20 there listening in. Curious how your performance with Vanguard = buy&hold=20 fund has been, and how you feel about it?
 
----- Original Message -----=20
From: = Robert=20 Mansk
Sent: Tuesday, August 20, 2002 9:48 PM
Subject: [CANSLIM] Intro - Bob Mansk

Hello All,
 
    I have been a = lurker on this=20 list for a few months now and thought I would make a proper = introduction of=20 myself.  I have been investing in stocks for about 20 years, = although=20 up until now, mostly passively.   I subscribed = to the=20 Vanguard buy and hold index fund approach for the bulk of my=20 holdings.  Through the recent market down turns I began to = question=20 that approach, at least for all of my holdings.  I got = serious=20 about learning more about investing in individual stocks. =20
 
    I have recently = read WON's=20 HTMMIS and I am starting to apply the concepts.  I have found = the=20 discussions here also an excellent guide and reference and look = forward to=20 participating in them.
 
    For my day job, = I am an=20 independent computer consultant, primarily as an Oracle = iDBA.
 
Bob
------=_NextPart_000_0034_01C248F2.01BF6080-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Home Depot Date: 21 Aug 2002 09:40:53 -0500 Nancy, If you really want a good outline for cursory exams of stocks- use = Katherine's excel spreadsheet (linked below). As always- Katherine's the = bomb! (for you older folks- that's a good thing.... ;-) ) Kelly -----Original Message----- Sent: Tuesday, August 20, 2002 1:10 PM Hi Hermann, HD certainly doesn't pass the requisite technical tests to be considered = a current CANSLIM candidate, but I see it as important in several ways: HD is one of the 500 pound gorillas of retailing and at one time carried = far more CANSLIM characteristics than it does now. While it may not be exhibiting current technical strength, it is still important as a = sentiment indicator. First, if it were to form a bottom here, it *may* indicate = that institutions are once more willing to load up on the stock of a very = good company which has been refocusing its strategy recently and expanding = into new market niches such as government contracting. Second, if the market reacts well to good news and the price rises without taking a big jump = on the news and then selling off, that may well indicate a change in tone = in the market. That is, stocks go *up* on good news. Add that to more cases where stocks stop going down so severely on bad news and it could = indicate a turning point in the market. Third, consumers as a whole have been = willing to spend throughout the recessionary period. If they are feeling = confident about their current and future prospects, they will parlay that = confidence into spending at good retailers and on other consumer discretionary products. That by itself doesn't create macroeconomic "safety" but it = sure helps. Just to test the waters, I created a list of stocks from various = industries that I consider to be "consumer discretionary." Stocks don't make it to = the list unless they are minimum $6/30000 ADV. In all, that's 300 stocks. Of = the 300, 141 have forward growth rates >=3D15%, HD included. That's what I considered to be the bare bones minimum for a "growth" stock. There's = also nothing to say that current growth rates have not been reduced too far, = as forecasters always seem to severely underforecast in periods like this = in the same manner that they tend to severely overforecast in bubble times. = Of the 141, only 40 stocks currently pass what I consider to be "minimum technicals." (RS>=3D60, price no more than 15% below the 50 day SMA, and = price at or above the 200 day SMA). This is an interesting list of 40 stocks, = by the way. Take a look and see if you see any CANSLIM themes running = through the list of 40. See the complete list of 300 at: http://WallStreet-LLC.com/canslim/ConsumerOverview.xls. You can filter = any of the columns to narrow the list as I suggested in the last paragraph. Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 11:05 AM | > From: "Tom Worley" | > Date: Tue, 20 Aug 2002 08:14:05 -0400 | > | > HD reported this morning, like Lowe's showing excellent growth with earnings | > up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a | > surprise, given all the new home owners, but Lowe's is being = credited with | > yesterday's rally in part. Let's see if HD can take care of Tuesday. | | | At what stage in its chart patterns is HD? | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Intro - Bob Mansk Date: 21 Aug 2002 10:49:56 EDT --part1_181.d15c894.2a950294_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Welcome Bob: I think you have chosen a good forum to sharpen your investing skills. Charley --part1_181.d15c894.2a950294_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Welcome Bob: I think you have chosen a good forum to sharpen your investing skills. Charley --part1_181.d15c894.2a950294_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Intro - Bob Mansk Date: 21 Aug 2002 09:58:49 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24923.41BEB3F1 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Bob- good to have you. Here's a summary of commonly used terms (put = together by Katherine) that may help you: =20 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Commonly used abbreviations: WON =3D William O'Neil, originator of CANSLIM HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil IBD =3D Investors Business Daily ( www.investors.com = ) BO or B/O =3D Breakout MA =3D Moving Average dMA =3D days Moving Average VR =3D Virtual Reality fund M =3D Market ( the "M" in CANSLIM) N =3D New (the "N" in CANSLIM) LOL =3D Laughing Out Loud DD=3D Due Diligence =20 IBD/CANSLIM Proprietary Rankings: GRS =3D Group Relative Strength RS =3D Relative Strength EPS =3D Earnings per Share Rank SMR =3D Sales/Margins/ROE A/D =3D Accumulation/Distribution ??others?? =20 Accounting/Finance Abbreviations: BS or B/S =3D Balance Sheet IS or I/S =3D Income Statement cflo =3D Cash Flow Pro Forma earnings =3D http://www.sec.gov/investor/pubs/proforma12-4.htm D/E =3D Debt to Equity PE or P/E =3D Price to Earnings ratio ??others?? =20 Commonly discussed technical patterns: (Would be great to have some = straightforward definitions of each of these) LLUR =3D Lower Left Upper Right=20 A Base =3D Ascending Base C&H or CwH =3D Cup and Handle=20 HTF =3D High Tight Flag Flat Base Double Bottoms =20 =20 Commonly discussed software/tools: DGO=3D DailyGraphs Online ( www.dailygraphs.com = or beta.dailygraphs.com--beta will soon = be ending) QP2 =3D Quotes Plus ( www.qp2.com ) HGSI =3D High Growth Stock Investing ( www.highgrowthstock.com = ) TC2000 =3D Worden Brothers TC2000 technical analysis software ( = http://www.tc2000.com ) VV=3D VectorVest ( www.vectorvest.com ) =20 =20 Free sites for stock scanning: http://moneycentral.msn.com/investor/finder/predefstocks.asp http://www.marketguide.com/screen/SScreen.asp =20 Free sites for charting: www.stockcharts.com =20 www.bigcharts.com =20 http://www.moneycentral.msn.com/investor/charts/charting.asp?Symbol=3Dcsc= o =20 =20 Free sites for due diligence: Company's web site http://biz.yahoo.com/p/c/csco.html www.cwhcharts.com/canslim www.investors.com (look for the stock = checkup feature) =20 Free resources for real time tracking: www.quotetracker.com =20 -----Original Message----- Sent: Tuesday, August 20, 2002 8:49 PM Hello All, =20 I have been a lurker on this list for a few months now and thought I = would make a proper introduction of myself. I have been investing in = stocks for about 20 years, although up until now, mostly passively. I = subscribed to the Vanguard buy and hold index fund approach for the bulk = of my holdings. Through the recent market down turns I began to = question that approach, at least for all of my holdings. I got serious = about learning more about investing in individual stocks. =20 =20 I have recently read WON's HTMMIS and I am starting to apply the = concepts. I have found the discussions here also an excellent guide and = reference and look forward to participating in them. =20 For my day job, I am an independent computer consultant, primarily = as an Oracle iDBA. =20 Bob _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24923.41BEB3F1 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Bob-=20 good to have you. Here's a summary of commonly used terms (put together = by=20 Katherine) that may help you:
 
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
Commonly used abbreviations:
WON =3D William O'Neil, originator of CANSLIM
HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil
IBD =3D Investors Business Daily  (www.investors.com)
BO or B/O =3D Breakout
MA =3D Moving Average
dMA =3D days Moving Average
VR =3D Virtual Reality fund
M =3D Market ( the "M" in CANSLIM)
N =3D New (the "N" in CANSLIM)
LOL =3D Laughing Out Loud
DD=3D Due Diligence
 
IBD/CANSLIM Proprietary Rankings:
GRS =3D Group Relative Strength
RS =3D Relative Strength
EPS =3D Earnings per Share Rank
SMR =3D Sales/Margins/ROE
A/D =3D Accumulation/Distribution
??others??
 
Accounting/Finance Abbreviations:
BS or B/S =3D Balance Sheet
IS or I/S =3D Income Statement
cflo =3D Cash Flow
Pro Forma earnings =3D http://www.sec= .gov/investor/pubs/proforma12-4.htm
D/E =3D Debt to Equity
PE or P/E =3D Price to Earnings ratio
??others??
 
Commonly discussed technical patterns: (Would be great to have = some=20 straightforward definitions of each of these)
LLUR =3D Lower Left Upper Right 
A Base =3D Ascending Base
C&H or CwH =3D Cup and Handle
HTF =3D High Tight Flag
Flat Base
Double Bottoms
 
 
Commonly discussed software/tools:
DGO=3D DailyGraphs Online  ( www.dailygraphs.com  or=20 beta.dailygraphs.com--beta will soon be ending)
QP2 =3D Quotes Plus (www.qp2.com)
HGSI =3D High Growth Stock Investing (www.highgrowthstock.com)
TC2000 =3D  Worden Brothers TC2000 technical analysis software = (http://www.tc2000.com)
VV=3D VectorVest (www.vectorvest.com)
 
 
Free sites for stock scanning:
htt= p://moneycentral.msn.com/investor/finder/predefstocks.asp
http://www.marketg= uide.com/screen/SScreen.asp
 
Free sites for charting:
http://www.moneycentral.msn.com/investor/charts/charting.asp?S= ymbol=3Dcsco
 
Free sites for due diligence:
Company's web site
http://biz.yahoo.com/p/c/csco= .html
www.cwhcharts.com/canslim
www.investors.com (look = for the=20 stock checkup feature)
 
Free resources for real time tracking:
www.quotetracker.com
-----Original Message-----
From: Robert Mansk=20 [mailto:robert.mansk@verizon.net]
Sent: Tuesday, August 20, = 2002=20 8:49 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Intro - Bob Mansk

Hello All,
 
    I have been a = lurker on this=20 list for a few months now and thought I would make a proper = introduction of=20 myself.  I have been investing in stocks for about 20 years, = although up=20 until now, mostly passively.   I subscribed to the = Vanguard buy and hold index fund approach for the bulk of my=20 holdings.  Through the recent market down turns I began to = question that=20 approach, at least for all of my holdings.  I got serious = about=20 learning more about investing in individual stocks.  =
 
    I have recently = read WON's=20 HTMMIS and I am starting to apply the concepts.  I have found the = discussions here also an excellent guide and reference and look = forward to=20 participating in them.
 
    For my day job, I = am an=20 independent computer consultant, primarily as an Oracle = iDBA.
 
Bob
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24923.41BEB3F1-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] Yesterday's Where the Money's Flowing Date: 21 Aug 2002 10:01:47 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24923.ABE3F6C7 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Did anyone happen to record yesterday's "Where the Money's Flowing" list = in Excel? I usually do this on a daily basis for later analysis but = forgot to do so. If anyone has this information I would greatly = appreciate you passing it along. If not, I can get it from the paper and = manually enter it myself. Thanks! ------_=_NextPart_001_01C24923.ABE3F6C7 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Did=20 anyone happen to record yesterday's "Where the Money's Flowing" list in = Excel? I=20 usually do this on a daily basis for later analysis but forgot to do so. = If=20 anyone has this information I would greatly appreciate you passing it = along. If=20 not, I can get it from the paper and manually enter it myself.=20 Thanks!
------_=_NextPart_001_01C24923.ABE3F6C7-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] CACI (CAI) Date: 21 Aug 2002 10:16:32 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24925.BB29B6BB Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Regardless of your next appropriate move- please forward pictures of = option "e". -----Original Message----- Sent: Tuesday, August 20, 2002 6:21 PM I have been watching this technology systems company form a near perfect = double bottom. On April 17th it hit a high of $40.63 and then dropped to = a low of $27.43 on May 2nd, climbed back to $38.54 on June 28th and then = returned to a new low of $27.45 on August 5th. Yesterday it jumped up to = $38.20 on volume equal to 148% of average, and seemed ready to blast out = today. Instead, it dropped $1.20 on below average volume.=20 What is the most logical next move?=20 a). It is gathering steam for a sharp upward move.=20 b). It will now form a handle.=20 c). The chain is broken and it will move to a new low, or will begin to = move sideways.=20 d). None of the above.=20 e). Put on a straw hat, pick up a cane, and sing, "Yes sir, she's my = baby."=20 Charley=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24925.BB29B6BB Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Regardless of your next appropriate move- please forward = pictures of=20 option "e".
-----Original Message-----
From: Chazmoore@aol.com=20 [mailto:Chazmoore@aol.com]
Sent: Tuesday, August 20, 2002 = 6:21=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM] CACI=20 (CAI)

I have been=20 watching this technology systems company form a near perfect double = bottom. On=20 April 17th it hit a high of $40.63 and then dropped to a low of $27.43 = on May=20 2nd, climbed back to $38.54 on June 28th and then returned to a new = low of=20 $27.45 on August 5th. Yesterday it jumped up to $38.20 on volume equal = to 148%=20 of average, and seemed ready to blast out today. Instead, it dropped = $1.20 on=20 below average volume.
What is the most logical next move?
a). = It is=20 gathering steam for a sharp upward move.
b). It will now form a = handle.=20
c). The chain is broken and it will move to a new low, or will = begin to=20 move sideways.
d). None of the above.
e). Put on a straw hat, = pick up=20 a cane, and sing, "Yes sir, she's my baby."

Charley=20
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24925.BB29B6BB-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 10:36:31 -0500 Great comments Tom. Everyone here should realize that there are more than just individuals following CANSLIM. We are aware of several hedge funds ($50+mm each) that strictly follow CANSLIM. Also, many who follow the great site TradingMarkets.com, will realize the C&H formations are very popular with swing traders. Don't forget WON and his employees trade their retirement plans as well. So in essence, the pool is pretty deep and we will always be faced with potential "squeezes" like CVH. This is why many have been "cheating" by buying fractional positions prior to the pivot, eventually loading up to a full position as the stock breaks through the pivot. Good Luck to all. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Wednesday, August 21, 2002 1:08 AM Outside of the small / micro cap playground I like to haunt, where 10,000 shares in a day can represent a huge volume spike, the retail investors represented on this group can make little difference in their buying power / volume alone. But where they can make a difference is when you add in all the other CANSLIM oriented investors that have not yet (fortunately) found this group, or all the ones that are pure momentum players, or think they understand CANSLIM, and thereby end up with approx the same pivot point. Then, on top of that, think of the real elephants, the money / fund managers sitting on the sidelines with bags of somebody else's money they want to spend, and don't know where. If they are active practitioners of CANSLIM, they likely they are also looking at the same pivot point, and ready to cast millions of $$$ at it when they see a possible b/o. If the little guys all start hitting the same pivot point, creating both volume and price movement, then some of the elephants start stampeding. That attracts attention from other little guys just chasing the herd, as well as other fund / money managers, some of whom are friends with the ones that already jumped into the water. They don't call it herd instinct (or herd mentality, which implies wrongly that there are any brains behind it) for nothing. Momentum is only one part of CANSLIM. When you get both momentum and quality CANSLIM criteria, you get the best of all worlds, of interest to the majority of potential stock buyers (as well as some shorters). ----- Original Message ----- Sent: Tuesday, August 20, 2002 1:06 PM Maybe in a bear M where there are few good set-ups, we small CAN SLIMers out here in WON-land can make a difference on low-vol stocks. WON says it's instutions that move a stock when it is really climbing. But I have never completely understood how the big money plays CAN SLIM (if they do). Do they ever buy at the pivot like us? Surely they don't move in and out of a stock like CAN SLIM can have us doing at times. I thought they took weeks to take a position? If so, wouldn't they be the folks causing the right side of the cup to form? Not being an market insider, I am "clueless in Texas." Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 11:13:06 -0500 The side i'm curious about is the sell side. are most of these buyers, weak holders or not? probably not, because pure canslimers hold for a 7-8% loss. and most of the recent breakouts are holding up quite well. david ----- Original Message ----- Sent: Wednesday, August 21, 2002 10:36 AM > Great comments Tom. Everyone here should realize that there are more > than just individuals following CANSLIM. We are aware of several hedge > funds ($50+mm each) that strictly follow CANSLIM. Also, many who follow > the great site TradingMarkets.com, will realize the C&H formations are > very popular with swing traders. Don't forget WON and his employees > trade their retirement plans as well. So in essence, the pool is pretty > deep and we will always be faced with potential "squeezes" like CVH. > This is why many have been "cheating" by buying fractional positions > prior to the pivot, eventually loading up to a full position as the > stock breaks through the pivot. Good Luck to all. > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > Sent: Wednesday, August 21, 2002 1:08 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Too many CANSLIMers? > > Outside of the small / micro cap playground I like to haunt, where > 10,000 > shares in a day can represent a huge volume spike, the retail investors > represented on this group can make little difference in their buying > power / > volume alone. But where they can make a difference is when you add in > all > the other CANSLIM oriented investors that have not yet (fortunately) > found > this group, or all the ones that are pure momentum players, or think > they > understand CANSLIM, and thereby end up with approx the same pivot point. > Then, on top of that, think of the real elephants, the money / fund > managers > sitting on the sidelines with bags of somebody else's money they want to > spend, and don't know where. If they are active practitioners of > CANSLIM, > they likely they are also looking at the same pivot point, and ready to > cast > millions of $$$ at it when they see a possible b/o. If the little guys > all > start hitting the same pivot point, creating both volume and price > movement, > then some of the elephants start stampeding. That attracts attention > from > other little guys just chasing the herd, as well as other fund / money > managers, some of whom are friends with the ones that already jumped > into > the water. > > They don't call it herd instinct (or herd mentality, which implies > wrongly > that there are any brains behind it) for nothing. Momentum is only one > part > of CANSLIM. When you get both momentum and quality CANSLIM criteria, you > get > the best of all worlds, of interest to the majority of potential stock > buyers (as well as some shorters). > > ----- Original Message ----- > From: "Boyd" > To: > Sent: Tuesday, August 20, 2002 1:06 PM > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > Maybe in a bear M where there are few good set-ups, we small CAN SLIMers > out here in WON-land can make a difference on low-vol stocks. WON says > it's instutions that move a stock when it is really climbing. But I > have > never completely understood how the big money plays CAN SLIM (if they > do). > Do they ever buy at the pivot like us? Surely they don't move in and > out > of a stock like CAN SLIM can have us doing at times. I thought they > took > weeks to take a position? If so, wouldn't they be the folks causing the > right side of the cup to form? Not being an market insider, I am > "clueless > in Texas." > > > Norm > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 10:08:15 -0600 In this market enviornment I would pretty much agree. When the pickings are slim then more eyes are on each stock that is setting up. I have found that for me it is a lot more efficient to buy a little before the breakout and then if it doesnt breakout just scratch the trade for a small loss or gain. A lot of times I will swing trade a CANSLIM and then if it breaks out I will add to my position. Like right now I am looking at PDCO and assuming it sets up I will enter later today or tommorow. A lot of times they wont breakout but I still get a little bit of profit from the minor swing. And when I get stopped out of a Swing trade it is always a small loss even if deep down inside we all know that any loss is too big :-) Doing all this I keep my broker happy (I am a broker with my broker) but I keep my account happy as well. If you trade size Greg Kuhn has a good article on Tradingmarkets showing how he enters CANSLIM stocks before the breakout. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Wednesday, August 21, 2002 9:37 AM Great comments Tom. Everyone here should realize that there are more than just individuals following CANSLIM. We are aware of several hedge funds ($50+mm each) that strictly follow CANSLIM. Also, many who follow the great site TradingMarkets.com, will realize the C&H formations are very popular with swing traders. Don't forget WON and his employees trade their retirement plans as well. So in essence, the pool is pretty deep and we will always be faced with potential "squeezes" like CVH. This is why many have been "cheating" by buying fractional positions prior to the pivot, eventually loading up to a full position as the stock breaks through the pivot. Good Luck to all. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Wednesday, August 21, 2002 1:08 AM Outside of the small / micro cap playground I like to haunt, where 10,000 shares in a day can represent a huge volume spike, the retail investors represented on this group can make little difference in their buying power / volume alone. But where they can make a difference is when you add in all the other CANSLIM oriented investors that have not yet (fortunately) found this group, or all the ones that are pure momentum players, or think they understand CANSLIM, and thereby end up with approx the same pivot point. Then, on top of that, think of the real elephants, the money / fund managers sitting on the sidelines with bags of somebody else's money they want to spend, and don't know where. If they are active practitioners of CANSLIM, they likely they are also looking at the same pivot point, and ready to cast millions of $$$ at it when they see a possible b/o. If the little guys all start hitting the same pivot point, creating both volume and price movement, then some of the elephants start stampeding. That attracts attention from other little guys just chasing the herd, as well as other fund / money managers, some of whom are friends with the ones that already jumped into the water. They don't call it herd instinct (or herd mentality, which implies wrongly that there are any brains behind it) for nothing. Momentum is only one part of CANSLIM. When you get both momentum and quality CANSLIM criteria, you get the best of all worlds, of interest to the majority of potential stock buyers (as well as some shorters). ----- Original Message ----- Sent: Tuesday, August 20, 2002 1:06 PM Maybe in a bear M where there are few good set-ups, we small CAN SLIMers out here in WON-land can make a difference on low-vol stocks. WON says it's instutions that move a stock when it is really climbing. But I have never completely understood how the big money plays CAN SLIM (if they do). Do they ever buy at the pivot like us? Surely they don't move in and out of a stock like CAN SLIM can have us doing at times. I thought they took weeks to take a position? If so, wouldn't they be the folks causing the right side of the cup to form? Not being an market insider, I am "clueless in Texas." Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Rich W" Subject: Re: [CANSLIM] Yesterday's Where the Money's Flowing Date: 21 Aug 2002 11:26:33 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00FC_01C24905.9A7B6F40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly, how have you been saving this, as I only have been doing the screens of the day in Excel, and also .txt file for TC2000 You bring up a good idea, just need to know when and how you=20 are doing this, copy/paste? or each symbol into the work sheet Rich W AAII CISIG Group, ST Louis Stock=20 Analysis Group Coordinator=20 ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 21, 2002 10:01 AM Subject: [CANSLIM] Yesterday's Where the Money's Flowing Did anyone happen to record yesterday's "Where the Money's Flowing" = list in Excel? I usually do this on a daily basis for later analysis but = forgot to do so. If anyone has this information I would greatly = appreciate you passing it along. If not, I can get it from the paper and = manually enter it myself. Thanks! ------=_NextPart_000_00FC_01C24905.9A7B6F40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly,
how have you been saving this, as I only = have been=20 doing the
screens of the day in Excel, and also .txt file = for=20 TC2000
You bring up a good idea, just need to know when = and how=20 you
are doing this, copy/paste? or each symbol into = the work=20 sheet
 
Rich W
AAII CISIG Group,
ST Louis Stock
Analysis=20 Group
Coordinator
----- Original Message -----
From:=20 Kelly Short
Sent: Wednesday, August 21, = 2002 10:01=20 AM
Subject: [CANSLIM] Yesterday's = Where the=20 Money's Flowing

Did=20 anyone happen to record yesterday's "Where the Money's Flowing" list = in Excel?=20 I usually do this on a daily basis for later analysis but forgot to do = so. If=20 anyone has this information I would greatly appreciate you passing it = along.=20 If not, I can get it from the paper and manually enter it myself.=20 Thanks!
------=_NextPart_000_00FC_01C24905.9A7B6F40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Eric Jaenike Subject: Re: [CANSLIM] Recent activity Date: 19 Aug 2002 15:32:51 -0700 (PDT) --0-1775763696-1029796371=:28459 Content-Type: text/plain; charset=us-ascii I'm not sure I deserve the compliment, but thanks. Regarding strategizing/implementation from a CANSLIM standpoint, three points come to mind: 1. I don't think it is time to swing for the fences. There is probably profit to be made on the long side here, but I think erring on the side of caution is prudent. Smaller positions and tighter stop losses are probably a good idea. I think chasing positions here is exceptionally dangerous, as tempting as that exercise might be when one looks at the closing averages. 2. I think the averages are misrepresenting the current strength of this market. As we all know, the averages are generally capitalization weighted (the Dow is, of course, price weighted). Besides the volume issue (not very strong today, was it?), here are a couple of things I found very interesting: according to Salomon Smith Barney, the average stock last week gained 1.5%; the average Nasdaq stock gained 1.9%; but the Nasdaq composite gained 4.2%. Today, the Dow was up 2.42%, the S&P 500 2.36%, and the Nasdaq 2.46% (Yahoo finance). However, the S&P 400 (midcap) was up only 1.59%, and the S&P 600 was up only 1.74%. I can't help but think that institutions are parking money in large cap, liquid stocks (MSFT +$2, IBM +$3.14, INTC +$.71), and that, combined with some short covering, is pushing the market up. But I think large cap, especially large cap names like those, are dangerous, and will not lead the market to a new bull run. 3. I think the market has come off the lows far enough, and established this trend substantially enough, that we will get a legitimate top if/when the market rolls over. By legitimate, I mean one where O'neil rules will mark the top, vs. a quick rollover, where the rally never really gets established, and simply collapses in on itself. That should help with timing issues. I also noted that, after the close, a number of retailers reported weak August sales. WMT stated same store sales came in at the low end of forecasts, and that Federated Dept. Stores and Sears indicated that Aug. sales were below already weak expectations. Unseasonably hot weather was cited as a factor in back to school selling, but I found these reports to be a bit unsettling, given other recent economic data. I also noted in IBD, pg. A2, that the ECRI index of economic activity fell to a 6 month low of 120.1. I'm not generally a big fan of economic indicators, but the ECRI seems to do a better job than most. Will the retail data affect the markets? I suspect it won't, because I don't think the current market we're in has anything to do with fundamentals, and everything to do with technicals. Did anyone notice that the SMH was up $1.31 on Friday, the first trading session after ADI's guide down Thursday night? As I see it, the trend is up for now. The long side is the place to be, for now, but this bull market looks sketchy to me. I think now is the time to up the discipline level, and take profits more quickly than normal. I have one question that I consider to be very important, but that I can't answer. The question is: has anyone ever seen/traded through a bull market that started off weakly, like this one, and then tightened up and gained upside momentum, with better breakouts/leadership etc. arising later in the move? If so, how did the look-forward fundamentals look for that market? My personal experience is limited to the mid/later 90s and after, where the moves off the lows looked solid from the get go. Every rally I've seen that has started off this weakly has failed, although that, too, might be a symptom of the markets I've lived through. (My suspicion is that weak rallies like this will virtually alway fail sooner rather than later). Eric Katherine Malm wrote:Hi Eric, Thoughts? Thoughts? How about "oh my goodness, what an *incredible* analysis!" Each and every point seems to have point/counterpoint written all over it --I'm looking forward to reading some great posts as a result of your efforts. One particular question came to mind when reading your notes. That is, in any situation where there are pros/cons, must we resolve each and every one of them in order to resolve a course of action? If I were faced with two choices, each with a set of pros/cons, how would I chose between them? In this case, given the strength of arguments that you gave in both directions, my question to you would simply be, "what action will you take given what you have observed and what contingency plans would you put into place upon execution?" At some level, it seems that when given the preponderance of evidence on the markets as a whole that our choice as investors is more importantly, "am I willing to bet the farm one direction or the other, do I want to stand aside until the evidence is more squarely positioned in one camp vs another, or will I step in gingerly in one direction or the other while adding to that position as the evidence mounts?" Katherine----- Original Message ----- From: Eric Jaenike To: canslim group Sent: Friday, August 16, 2002 1:39 PMSubject: [CANSLIM] Recent activity Hi all- Just wanted to throw out a few thoughts and get some feedback. I am not terribly sanguine about the market right now, for a number of reasons. Before I go into why, I will review the things I see as bullish. If anyone has additional bull thoughts, please let me know. Bull: 1.Heavy volume low mid-June, can be sign of climax bottom with sellers clearing out. 2. Lots of secondary indicators flash extremes generally associated with bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE trading volume, etc. 3. Rally confirms on indices. 4. Generally, up volume advances, down volume pullbacks. 5. Some breakouts occurring. These include (without regard to whether they have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE BYD APOL. 6. Some potential leadership forming, including gaming (BYD ISLE), medical (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE MME), regional banks (if you're willing to include that group as leadership), retail (JASA PETM MIK KSS). 7. Skepticism about rally. 8. Certain secondary factors, such as the addressing of corporate governance issues, potentially improved accounting, recent strengthening of the dollar, etc 9. Increased insider buying. 10. Valuations have become compelling in certain areas/companies. The concerns I have are both fundamental and technical. Technical: 1. Secular bears generally don't end with a bang, but with a whimper ('29, '74). Tendency toward climax bottom with reversal, followed by lower volume selloff into true bottom. 2. Secondary indicators are area code indicators. In a prolonged, hard bear, they can be early and flash signals repeatedly before market has truly bottomed. Unreliable. 3. Rally confirm came very late on Dow and S&P, came on low volume on Nasdaq and S&P 600 following large givebacks/distribution. Both late confirms and excessive givebacks are signs of weakness, not strength. 4. While volume on up days has been up and on down days, down, volume has generally been very light. I prefer to see strong volume confirming, not just up volume. This might be seasonal, but it seems very suspicious. 5. There have been a number of up days spurred by positive news (ex. Thurs 8/8 Brazil loan approval announcement, CSCO call, etc.) News driven rallies are suspect and failure prone. 6. A number of up days have been caused by buy programs, which create artifically positive looking days. Wed. was a great example. There has also been support from institutional, charter based reallocations from bonds (think 40 yr low on Treasury yield) to stocks. This is not discretionary, informed buying. 7. There appears to be short covering activity. Not sustainable in longer term. 8. Oils are rallying. Generally not a good sign for market. 9. While there have been breakouts, they have not been particularly numerous, nor have they been that powerful. I reviewed my breakout list from last September. I counted 16 reasonably solid breakouts from the low through 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF CRL FRED MIK USPH ADVP). I count only 11 in the roughly same time period now (CTSH SIE IMH XRAY DORL WTW PIXR CSTR ISLE BYD APOL. Not counting banks, and I might have missed some). It appears that there are fewer, or at least not more, breakouts over the recent period. In reviewing the lists, it also appears to me that there was generally tighter, more consistent, and more prominent leadership back then. That rally, of course, failed rather quickly. I actually consider the late '01 rally to have been more of an oversold bounce than a true rally. 10. Expanding on #9, I am not enamored of the power of the breakouts. Ex. WTW nasty bearish reversal tuesday, declining volume on rally resumption since. This is not the type of action I want to see. 11. There has been too much strength in tech in the past couple of days relative to the general market, especially Wed. I do not believe there is much, if any, chance that tech will provide sustained leadership here, and especially not large cap tech. See below for more. 12. Lots of broken charts, whippy runups. Fundamentals: 1. Recent weakening in consumer spending and sentiment. Generally lackluster employment. 2. Market never got "cheap". Some have argued that on a P/E basis the market got to acceptable trough valuations. Without going into detail, I have found those arguments generally lacking. 3. Tech fundamentals are bad, and appear to be getting worse. Look at all the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). Revenue and earnings guidedowns, capacity utilization dropping, etc. I think I posted a piece on this previously. That means the market will have to rally through bad tech news in the upcoming earnings period, with tech stocks going from very expensive to even more expensive. I do not consider the Dell or CSCO calls positive for the industry in general. They are share takers, and are benefitting at the expense of the rest of their respective industries. Recall, as Dell noted in its conference call, total PC sales in the second quarter DROPPED 10%. Note the relatively poor action in the SOX. 4. We have shifted short term influences in the market. 5 weeks ago, corporate governance/bad macroeconomic numbers were the short term driving force, pushing the market to its lows. We digested that information as we hit the lows on volume. At that point, the market was poised to spring back, either sustainably or unsustainably. We shifted to a new short term driving factor: the oversold condition of the market (note how all negative news is being ignored- ex. AMAT horrible call. That is, IMO, because news is not the current short term driving factor; the technical condition of the market is). This short term factor is being augmented by asset allocation and short covering. However, this short term factor will eventually dissipate, and we will get a new driving force. Given how poor, IMO, the quality of this rally has been, I think the market will be primed to latch onto something negative. We are currently in a bit of a news vacuum. If I'm not mistaken, we should be getting preannouncements starting sometime in September, as well as additional economic insight. If this data comes in poorly, the market might start reacting to it negatively, and this could be our new short term driving force. 5. There is still "headline risk" in the market. This would include things like the service and equipment swaps that Q has done with a variety of companies, including IBM and BLS (not widely known). GE has seen order slowdowns. There are a host of bankruptcies yet to be announced. F is in trouble. Housing looks vulnerable. Retail sales were weak the week of Aug 10, BBY preannounced, etc, so the consumer is still vulnerable. There are other problems as well. While I undertand that it often looks darkest before the dawn, it also looks darkest before midnight. 6. Europe looks terrible. Brazil is still a threat, depending on who wins the presidential elections, and we could still lose South America. 7. There is annecdotal evidence questioning the strength of the rally. Ex. pulp and paper inventories were up above typical seasonal increases, Ingersal Rand saw no evidence of an economic comeback, etc. 8. Yield spreads are very wide. 9. Energy sector debt at risk ($500 B), 3G programs, which were supposed to support telecom debt, have been weak. 10. First Call forward earnings growth has been coming down too quickly. There are, of course, others. I would be willing to overlook many of these negatives IF the rally looked better. To me, it looks too much like the type of bounce we saw in September, but with a shorter duration. Any thoughts? Eric Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1775763696-1029796371=:28459 Content-Type: text/html; charset=us-ascii

I'm not sure I deserve the compliment, but thanks.

Regarding strategizing/implementation from a CANSLIM standpoint, three points come to mind: 1. I don't think it is time to swing for the fences. There is probably profit to be made on the long side here, but I think erring on the side of caution is prudent. Smaller positions and tighter stop losses are probably a good idea. I think chasing positions here is exceptionally dangerous, as tempting as that exercise might be when one looks at the closing averages. 2. I think the averages are misrepresenting the current strength of this market. As we all know, the averages are generally capitalization weighted (the Dow is, of course, price weighted). Besides the volume issue (not very strong today, was it?), here are a couple of things I found very interesting: according to Salomon Smith Barney, the average stock last week gained 1.5%; the average Nasdaq stock gained 1.9%; but the Nasdaq composite gained 4.2%. Today, the Dow was up 2.42%, the S&P 500 2.36%, and the Nasdaq 2.46% (Yahoo finance). However, the S&P 400 (midcap) was up only 1.59%, and the S&P 600 was up only 1.74%. I can't help but think that institutions are parking money in large cap, liquid stocks (MSFT +$2, IBM +$3.14, INTC +$.71), and that, combined with some short covering, is pushing the market up. But I think large cap, especially large cap names like those, are dangerous, and will not lead the market to a new bull run. 3. I think the market has come off the lows far enough, and established this trend substantially enough, that we will get a legitimate top if/when the market rolls over. By legitimate, I mean one where O'neil rules will mark the top, vs. a quick rollover, where the rally never really gets established, and simply collapses in on itself. That should help with timing issues.

I also noted that, after the close, a number of retailers reported weak August sales. WMT stated same store sales came in at the low end of forecasts, and that Federated Dept. Stores and Sears indicated that Aug. sales were below already weak expectations. Unseasonably hot weather was cited as a factor in back to school selling, but I found these reports to be a bit unsettling, given other recent economic data. I also noted in IBD, pg. A2, that the ECRI index of economic activity fell to a 6 month low of 120.1. I'm not generally a big fan of economic indicators, but the ECRI seems to do a better job than most.

Will the retail data affect the markets? I suspect it won't, because I don't think the current market we're in has anything to do with fundamentals, and everything to do with technicals. Did anyone notice that the SMH was up $1.31 on Friday, the first trading session after ADI's guide down Thursday night?

As I see it, the trend is up for now. The long side is the place to be, for now, but this bull market looks sketchy to me. I think now is the time to up the discipline level, and take profits more quickly than normal.

I have one question that I consider to be very important, but that I can't answer. The question is: has anyone ever seen/traded through a bull market that started off weakly, like this one, and then tightened up and gained upside momentum, with better breakouts/leadership etc. arising later in the move? If so, how did the look-forward fundamentals look for that market? My personal experience is limited to the mid/later 90s and after, where the moves off the lows looked solid from the get go. Every rally I've seen that has started off this weakly has failed, although that, too, might be a symptom of the markets I've lived through. (My suspicion is that weak rallies like this will virtually alway fail sooner rather than later).

Eric

 

 Katherine Malm wrote:

Hi Eric,
 
Thoughts? Thoughts? How about "oh my goodness, what an *incredible* analysis!" Each and every point seems to have point/counterpoint written all over it --I'm looking forward to reading some great posts as a result of your efforts.
 
One particular question came to mind when reading your notes. That is, in any situation where there are pros/cons, must we resolve each and every one of them in order to resolve a course of action? If I were faced with two choices, each with a set of pros/cons, how would I chose between them? In this case, given the strength of arguments that you gave in both directions, my question to you would simply be, "what action will you take given what you have observed and what contingency plans would you put into place upon execution?" At some level, it seems that when given the preponderance of evidence on the markets as a whole that our choice as investors is more importantly, "am I willing to bet the farm one direction or the other, do I want to stand aside until the evidence is more squarely positioned in one camp vs another, or will I step in gingerly in one direction or the other while adding to that position as the evidence mounts?"
 
Katherine
----- Original Message -----
Sent: Friday, August 16, 2002 1:39 PM
Subject: [CANSLIM] Recent activity

Hi all-

Just wanted to throw out a few thoughts and get some feedback.

I am not terribly sanguine about the market right now, for a number of reasons. Before I go into why, I will review the things I see as bullish. If anyone has additional bull thoughts, please let me know.

Bull:

1.Heavy volume low mid-June, can be sign of climax bottom with sellers clearing out.

2. Lots of secondary indicators flash extremes generally associated with bottoms, including put/call, % bullish/bearish, nasdaq vs. NYSE trading volume, etc.

3. Rally confirms on indices.

4. Generally, up volume advances, down volume pullbacks.

5. Some breakouts occurring. These include (without regard to whether they have succeeded or not) CTSH FCN IMN XRAY DORL WTW PIXR CSTR ISLE BYD APOL.

6. Some potential leadership forming, including gaming (BYD ISLE), medical (LNCR AMSG HSIC), education (APOL CECO COCO), HMOs (CVH SIE MME), regional banks (if you're willing to include that group as leadership), retail (JASA PETM MIK KSS).

7. Skepticism about rally.

8. Certain secondary factors, such as the addressing of corporate governance issues, potentially improved accounting, recent strengthening of the dollar, etc

9. Increased insider buying.

10. Valuations have become compelling in certain areas/companies.

The concerns I have are both fundamental and technical.

Technical:

1. Secular bears generally don't end with a bang, but with a whimper ('29, '74). Tendency toward climax bottom with reversal, followed by lower volume selloff into true bottom.

2. Secondary indicators are area code indicators. In a prolonged, hard bear, they can be early and flash signals repeatedly before market  has truly bottomed. Unreliable.

3. Rally confirm came very late on Dow and S&P, came on low volume on Nasdaq and S&P 600 following large givebacks/distribution. Both late confirms and excessive givebacks are signs of weakness, not strength.

4. While volume on up days has been up and on down days, down, volume has generally been very light. I prefer to see strong volume confirming, not just up volume. This might be seasonal, but it seems very suspicious.

5. There have been a number of up days spurred by positive news (ex. Thurs 8/8 Brazil loan approval announcement, CSCO call, etc.) News driven rallies are suspect and failure prone.

6. A number of up days have been caused by buy programs, which create artifically positive looking days. Wed. was a great example. There has also been support from institutional, charter based reallocations from bonds (think 40 yr low on Treasury yield) to stocks. This is not discretionary, informed buying.

7. There appears to be short covering activity. Not sustainable in longer term.

8. Oils are rallying. Generally not a good sign for market.

9. While there have been breakouts, they have not been particularly numerous, nor have they been that powerful. I reviewed my breakout list from last September. I counted 16 reasonably solid breakouts from the low through 10/15 (CACI AZO SANG RMCI AHMH APOL CPRT AMSG NDN MYL BVF CRL FRED MIK USPH ADVP). I count only 11 in the roughly same time period now (CTSH SIE IMH XRAY DORL  WTW PIXR CSTR ISLE BYD APOL. Not counting banks, and I might have missed some). It appears that there are fewer, or at least not more, breakouts over the recent period. In reviewing the lists, it also appears to me that there was generally tighter, more consistent, and more prominent leadership back then. That rally, of course, failed rather quickly. I actually consider the late '01 rally to have been more of an oversold bounce than a true rally.

10. Expanding on #9, I am not enamored of the power of the breakouts. Ex. WTW nasty bearish reversal tuesday, declining volume on rally resumption since. This is not the type of action I want to see.

11. There has been too much strength in tech in the past couple of days relative to the general market, especially Wed. I do not believe there is much, if any, chance that tech will provide sustained leadership here, and especially not large cap tech. See below for more.

12. Lots of broken charts, whippy runups.

Fundamentals:

1. Recent weakening in consumer spending and sentiment. Generally lackluster employment.

2. Market never got "cheap". Some have argued that on a P/E basis the market got to acceptable trough valuations. Without going into detail, I have found those arguments generally lacking.

3. Tech fundamentals are bad, and appear to be getting worse. Look at all the recent calls in the semiconductor space (AMAT TSCM KLIC, etc). Revenue and earnings guidedowns, capacity utilization dropping, etc. I think I posted a piece on this previously. That means the market will have to rally through bad tech news in the upcoming earnings period, with tech stocks going from very expensive to even more expensive. I do not consider the Dell or CSCO calls positive for the industry in general. They are share takers, and are benefitting at the expense of the rest of their respective industries. Recall, as Dell noted in its conference call, total PC sales in the second quarter DROPPED 10%. Note the relatively poor action in the SOX.

4. We have shifted short term influences in the market. 5 weeks ago, corporate governance/bad macroeconomic numbers were the short term driving force, pushing the market to its lows. We digested that information as we hit the lows on volume. At that point, the market was poised to spring back, either sustainably or unsustainably. We shifted to a new short term driving factor: the oversold condition of the market (note how all negative news is being ignored- ex. AMAT horrible call. That is, IMO, because news is not the current short term driving factor; the technical condition of the market is). This short term factor is being augmented by asset allocation and short covering. However, this short term factor will eventually dissipate, and we will get a new driving force. Given how poor, IMO, the quality of this rally has been, I think the market will be primed to latch onto something negative. We are currently in a bit of a news vacuum. If I'm not mistaken, we should be getting preannouncements starting sometime in September, as well as additional economic insight. If this data comes in poorly, the market might start reacting to it negatively, and this could be our new short term driving force.

5. There is still "headline risk" in the market. This would include things like the service and equipment swaps that Q has done with a variety of companies, including IBM and BLS (not widely known). GE has seen order slowdowns. There are a host of bankruptcies yet to be announced. F is in trouble. Housing looks vulnerable. Retail sales were weak the week of Aug 10, BBY preannounced, etc, so the consumer is still vulnerable. There are other problems as well. While I undertand that it often looks darkest before the dawn, it also looks darkest before midnight.

6. Europe looks terrible. Brazil is still a threat, depending on who wins the presidential elections, and we could still lose South America.

7. There is annecdotal evidence questioning the strength of the rally. Ex. pulp and paper inventories were up above typical seasonal increases, Ingersal Rand saw no evidence of an economic comeback, etc.

8. Yield spreads are very wide.

9. Energy sector debt at risk ($500 B), 3G programs, which were supposed to support telecom debt, have been weak.

10. First Call forward earnings growth has been coming down too quickly.

There are, of course, others. I would be willing to overlook many of these negatives IF the rally looked better. To me, it looks too much like the type of bounce we saw in September, but with a shorter duration.

Any thoughts?

Eric

 


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HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1775763696-1029796371=:28459-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CVH Date: 19 Aug 2002 23:03:41 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0178_01C247D4.A95C1BE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Lin, you can read more about Island (the largest of the ECN's) at http://www.island.com/prodserv/bd/subscribe/index.asp ----- Original Message -----=20 Sent: Monday, August 19, 2002 3:31 PM This is an interesting conversation. I am not sure what "Island" and = "ECN's" are. If you have the time to enlighten me it would be much = appreciated. Thanks, -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM Ed, I appreciate your Americana theme. But what happened in CVH today is = not a good thing. Of course you probably part of the old buddy system of = brokers protecting each other. But filing complaints is a heck of a lot = better than facing litigation. david=20 =20 Ed, why suggest malfeasance and not file a complaint?=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:10 PM Subject:=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will = be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are exploring = our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, = the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to = the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they = don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. = david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. We = put in > an order prior to it reaching its pivot (cheating) when NYSE on = level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another = book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly = sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0178_01C247D4.A95C1BE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Lin, you can read more about Island (the largest = of the=20 ECN's) at
http://www= island.com/prodserv/bd/subscribe/index.asp
 
----- Original Message -----=20
From: Lin = Wells=20
Sent: Monday, August 19, 2002 3:31 PM
Subject: RE: [CANSLIM] CVH

 

This is an = interesting=20 conversation.  I am not sure what =93Island=94 and =93ECN=92s=94 = are.  If you=20 have the time to enlighten me it would be much = appreciated.

 

Thanks,

 

-----Original=20 Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On=20 Behalf Of david frank
Sent: Monday, August 19, 2002 = 2:31=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM]=20 CVH

 

Ed, I appreciate your = Americana=20 theme. But what happened in CVH today is not a good thing. Of course you = probably part of the old buddy system of brokers protecting each other. = But=20 filing complaints is a heck of a lot better than facing litigation. = david=20


 

 

Ed, why=20 suggest malfeasance and not file a complaint? =

----- Original Message = -----=20

From: Gene Ricci =

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 2:10 PM

Subject:=20

 

 

----- Original Message = -----=20

From: Edward = W. Gjertsen=20 II

To: canslim@lists.xmission.com= =20

Sent: Monday,=20 August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative = on the NYSE=20 floor go and speak with the
specialist - he hid behind "order = imbalance"=20 - floor rules.  We were
asked if we wanted to file a = complaint - we=20 decided no.  There will be
many more battles like = this.  What=20 is does do is make us look at
alternatives.  Like I = mentioned in an=20 earlier post - Island and other
ECN's would have given us a fill = around=20 32.50.  So we are exploring our
execution options.  Our = CANSLIM=20 philosophy is broken down into three
simple parts: Analysis, = Money=20 Management and Execution.  This time, the
3rd element, = execution,=20 was the weakest link.  So , instead of
complaining about it, = we are=20 doing what American's do best, head to the
competition with a = better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit orders = don't work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many = eyes on=20 CVH. i was curious what kind of
remedy
is there for this = specialist's=20 malfeasance, especially for buyers @
34.50
and above- more = than 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too many = investors=20 ready to pounce on
> too few stocks.  We have been = stalking CVH=20 for quite a while.  We put
in
> an order prior to it = reaching=20 its pivot (cheating) when NYSE on level
> two showed $32.40=20 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did=20 not open the book until $34.50.  The specialist claimed = "order
>=20 imbalance" but my source at Pershing said he was working another=20 book.
> We were quite upset  The stock moved over $2.00 = on an=20 imbalance of
> 110,000 shs.  The market maker was caught=20 flatfooted.  We quickly sold
> out of our position = because we=20 were over the 5% threshold.
>
> Those trading Island or = other=20 ECN's may have been filled around
> 32.40-32.50.  We = watch Time=20 and Sales on all our fills and the only
> prints were coming = from=20 ECN's.  With CANSLIM being one of the most
> popular = strategies=20 for individual investors, execution is becoming
more
> and = more=20 difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your=20 email.

------=_NextPart_000_0178_01C247D4.A95C1BE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Rose Colored Goggles? Date: 21 Aug 2002 12:36:57 EDT Katherine and Tom: Thanks for the replies. I don't know what I was looking at-but the individual stock charts that I called up last night, and that IBD denoted as "...emerging leaders breaking out" are a lot different than the charts I see today. And I'm still not certain exactly what I did (I don't smoke, but I'm going to have the EPA check my air quality index) In any case I'm sorry that I put both of you to the trouble: But thanks Katherine for your (as always) pellucid chart analyses-displays; and thanks Tom for your fundamental evaluations of all 4 stocks-and also for your RS comments and observations of the indexes. jans - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] eIBD Date: 21 Aug 2002 00:19:32 -0400 I have never completely understood either IBD's or DGO's pricing. It's like it is done strictly on costs to develop, without regard to effective marketing. Look at DGO's price for their Custom Screens (which I still say should be an integral part of the basic subscription), or Groups data. Can people really be so desperate for an e version of the paper a few hours ahead of when they could get a paper copy that they will pay this premium? Can there be so many interested subscribers that live where they cannot subscribe to the paper version? (presumably mostly outside the USA)? ----- Original Message ----- Sent: Wednesday, August 21, 2002 12:03 AM More money??? Yikes! Add the that the one big blunder I see: PDF format. Very slow format even with a broadband connection. It will be interesting to see how the pricing of the paper version fares next year. Somthing smells of increase at that end also. -Bill ----- Original Message ----- Sent: Tuesday, August 20, 2002 8:08 PM > hi all, > > fyi, WON and friends recently announced the electronic version of IBD, called > eIBD. you can check it out at www.investors.com/eibdoffer/ > > however, given the annual subscription rate of 319$usd, which is almost 50% > more that the annual IBD subscription rate, i wonder how they can justify this? > > Roger Tawa > [One thing about paradigms: shift happens.] > > > ________________________________________________ > Get your own "800" number > Voicemail, fax, email, and a lot more > http://www.ureach.com/reg/tag > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 09:52:27 -0700 I call it the C&H stigma. Everyone on all the boards knows this term now. Whether they include the proper fundies when picking a stock is not known. Five years ago I hardly saw the term compared to now. Ex: have a look at www.clearstation.com for comments about CVH and it's break out and the references to IBD news. Many of the folks on that site use the C&H for short term trades - not canslim. While many will assume these are mainly small retail investors (a big fish wouldn't advertise), I can bet there are many big fish trading short term off breakouts. Heck, a $100k trade for a quick 8% to 10% gain is ok for them. Just look at the high numbers of failed breakouts. Someone made money for a short time. -Bill ----- Original Message ----- Sent: Wednesday, August 21, 2002 9:13 AM > The side i'm curious about is the sell side. are most of these buyers, weak > holders or not? probably not, because pure canslimers hold for a 7-8% loss. > and most of the recent breakouts are holding up quite well. david > ----- Original Message ----- > From: "Edward W. Gjertsen II" > To: > Sent: Wednesday, August 21, 2002 10:36 AM > Subject: RE: [CANSLIM] Too many CANSLIMers? > > > > Great comments Tom. Everyone here should realize that there are more > > than just individuals following CANSLIM. We are aware of several hedge > > funds ($50+mm each) that strictly follow CANSLIM. Also, many who follow > > the great site TradingMarkets.com, will realize the C&H formations are > > very popular with swing traders. Don't forget WON and his employees > > trade their retirement plans as well. So in essence, the pool is pretty > > deep and we will always be faced with potential "squeezes" like CVH. > > This is why many have been "cheating" by buying fractional positions > > prior to the pivot, eventually loading up to a full position as the > > stock breaks through the pivot. Good Luck to all. > > > > Ed Gjertsen II > > ed@macktracks.com > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > > Sent: Wednesday, August 21, 2002 1:08 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > Outside of the small / micro cap playground I like to haunt, where > > 10,000 > > shares in a day can represent a huge volume spike, the retail investors > > represented on this group can make little difference in their buying > > power / > > volume alone. But where they can make a difference is when you add in > > all > > the other CANSLIM oriented investors that have not yet (fortunately) > > found > > this group, or all the ones that are pure momentum players, or think > > they > > understand CANSLIM, and thereby end up with approx the same pivot point. > > Then, on top of that, think of the real elephants, the money / fund > > managers > > sitting on the sidelines with bags of somebody else's money they want to > > spend, and don't know where. If they are active practitioners of > > CANSLIM, > > they likely they are also looking at the same pivot point, and ready to > > cast > > millions of $$$ at it when they see a possible b/o. If the little guys > > all > > start hitting the same pivot point, creating both volume and price > > movement, > > then some of the elephants start stampeding. That attracts attention > > from > > other little guys just chasing the herd, as well as other fund / money > > managers, some of whom are friends with the ones that already jumped > > into > > the water. > > > > They don't call it herd instinct (or herd mentality, which implies > > wrongly > > that there are any brains behind it) for nothing. Momentum is only one > > part > > of CANSLIM. When you get both momentum and quality CANSLIM criteria, you > > get > > the best of all worlds, of interest to the majority of potential stock > > buyers (as well as some shorters). > > > > ----- Original Message ----- > > From: "Boyd" > > To: > > Sent: Tuesday, August 20, 2002 1:06 PM > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > Maybe in a bear M where there are few good set-ups, we small CAN SLIMers > > out here in WON-land can make a difference on low-vol stocks. WON says > > it's instutions that move a stock when it is really climbing. But I > > have > > never completely understood how the big money plays CAN SLIM (if they > > do). > > Do they ever buy at the pivot like us? Surely they don't move in and > > out > > of a stock like CAN SLIM can have us doing at times. I thought they > > took > > weeks to take a position? If so, wouldn't they be the folks causing the > > right side of the cup to form? Not being an market insider, I am > > "clueless > > in Texas." > > > > > > Norm > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] eIBD Date: 21 Aug 2002 10:08:20 -0700 It must be tailored for the out of country investor though don't see added value added over the paper subscription. If I was out of the country and really wanted the paper, I'd just have them not deliver one (if possible) and just go to investors.com. Besides, you can't cut and paste with PDF files. -Bill ----- Original Message ----- Sent: Tuesday, August 20, 2002 9:19 PM > I have never completely understood either IBD's or DGO's pricing. It's like > it is done strictly on costs to develop, without regard to effective > marketing. Look at DGO's price for their Custom Screens (which I still say > should be an integral part of the basic subscription), or Groups data. Can > people really be so desperate for an e version of the paper a few hours > ahead of when they could get a paper copy that they will pay this premium? > Can there be so many interested subscribers that live where they cannot > subscribe to the paper version? (presumably mostly outside the USA)? > > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Wednesday, August 21, 2002 12:03 AM > Subject: Re: [CANSLIM] eIBD > > More money??? Yikes! Add the that the one big blunder I see: PDF format. > Very slow format even with a broadband connection. It will be interesting to > see how the pricing of the paper version fares next year. Somthing smells of > increase at that end also. > > -Bill > > ----- Original Message ----- > From: "Roger" > To: > Sent: Tuesday, August 20, 2002 8:08 PM > Subject: [CANSLIM] eIBD > > > hi all, > > > > fyi, WON and friends recently announced the electronic version of IBD, > called > > eIBD. you can check it out at www.investors.com/eibdoffer/ > > > > however, given the annual subscription rate of 319$usd, which is almost > 50% > > more that the annual IBD subscription rate, i wonder how they can justify > this? > > > > Roger Tawa > > [One thing about paradigms: shift happens.] > > > > > > ________________________________________________ > > Get your own "800" number > > Voicemail, fax, email, and a lot more > > http://www.ureach.com/reg/tag > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] CVH Date: 21 Aug 2002 12:11:35 -0500 WOW, This has got to be one of the most talked about stocks I have seen on this list since I joined. I actually owned this a while back, pre CANSLIM days, and had gotten out, but kept it on my watch list. I did not have the capital available when it broke out, but today it appears to have pulled back to within 2-3% of the pivot. So I was thinking of getting onboard. But the question for the group is, does the drop in price on higher than normal value signal a possible failed breakout? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] Rose Colored Goggles? Date: 21 Aug 2002 12:22:15 -0500 Katherine, Thanks for all the charts. It really helps. I have a question on Pixar. I see where you drew the cwh , but in the handle the volume is definitely not drying up, like we would like to see. Any explanations on why it is okay? (That is not meant as an attack on your view, just curious as to your reasoning) MIke Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] Rose Colored Goggles? ission.com 08/20/2002 08:38 PM Please respond to canslim Hi jans, I don't think you're going to get a "perfect" CANSLIM stock in all respects coming out of such a severe Bear. Whether or not the rally has legs, there are stocks actually working these days. The breakouts and subsequent action are a bit tentative, but these stocks have been working. I made some quick annotations on the stocks you mentioned just for some prespective. Can't fault any of them from a longer term point of view. Good news is there are another 50 set up right behind them. Now *that's* something that's grabbed my attention. http://WallStreet-LLC.com/canslim/AMSG082002.jpg http://WallStreet-LLC.com/canslim/BYD082002.jpg http://WallStreet-LLC.com/canslim/PIXR082002.jpg http://WallStreet-LLC.com/canslim/HRB082002.jpg http://WallStreet-LLC.com/canslim/MCO082002.jpg Other recent break outs of decent stocks include: FCN, WTW, APOL, CVH, XRAY, AMFH, HBHC, BLUD, JASA, CSTR, JCOM, NWRE, NYCB, DORL. I'd sure love to see good quality stocks breaking out at 5 or 10 a day....but time will tell. Katherine ----- Original Message ----- Sent: Tuesday, August 20, 2002 7:44 PM | Canslimmers: | | This is a passage from Wednesday's. Big Picture: | | "Despite the skittishness, emerging leaders performed well. | | Moody's (MCO) broke out of an eight-week base. The bond-rating stock popped | up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent | consolidation isn't as tight as its January-to-April base, which led to a 24% | gain. But the company's fundamentals still look good. Moody's grew profit 44% | in the latest quarter as sales rose 32%. | | H&R Block (HRB) followed through on Friday's breakout. The tax stock rallied | 1.80 to 53.15 in above-average volume. The company's fundamentals are a | little lumpy, given the once-a-year nature of the tax business. But it still | scores a 95 Earnings Per Share Rating. That means its growth is better than | 95% of stocks on the market. | | Boyd Gaming (BOYD) resumed its breakout late in the session. The stock added | 0.62 to 16.68. Volume swelled 138% above its 50-day average. | | Pixar (PIXR) marched higher for the fifth day in a row. The animated feature | producer has gained almost 15% since charging past its pivot point at 44.30 | on Aug. 14. | | AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday, pulled | back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy." | | THESE ARE CONSIDERED THE LEADERS BY IBD???? Only AMSG has decent | earnings and sales. Its formation is nice, but its RS-line (not the rating) | is lower than its previous price high. All the others have lousy earnings | and some have lousy charts in addition to lousy earnings. | | Moreover, I get the impression that IBD feels that we are in a rally. | However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, S&P | 500 and 600) all of them have RS lines going lower as they roll higher. So | if this is a rally, I don't think it will last too long. | | This is just my opinion, but it would be nice if IBD and/WON addressed | these divergences. My impression is that IBD/WON wants a rally so much that | their wishes are father to the reality. | | Am I wrong? Katherine and Tom-or anyone who cares to comment-how do you | see the big picture? | | jans | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] CVH Date: 21 Aug 2002 10:21:30 -0700 Looks like the volume coming up off the bottom of the steep cut was much bigger that the breakout. Look at the tail yesterday. They might want to take their tidy 15%-17% profits off the table. I could very well be wrong though... -Bill ----- Original Message ----- Sent: Wednesday, August 21, 2002 10:11 AM > WOW, > > This has got to be one of the most talked about stocks I have seen on this > list since I joined. I actually owned this a while back, pre CANSLIM days, > and had gotten out, but kept it on my watch list. I did not have the > capital available when it broke out, but today it appears to have pulled > back to within 2-3% of the pivot. So I was thinking of getting onboard. > But the question for the group is, does the drop in price on higher than > normal value signal a possible failed breakout? > > Thanks > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: [CANSLIM] GISX Date: 21 Aug 2002 13:27:59 -0400 Anybody else watching GISX? Looks like it's breaking out of its base under nice volume. John C. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] GISX Date: 21 Aug 2002 12:37:22 -0500 I had this one on my list, and did notice it. I really hate it when a stock shoots past the pivot, over the 2-3% "chase" zone, and you happen to miss it because you are at a meeting and don't see the alert on your desktop until it is too late! But I keep hearing that if M returns to our side, we will have plenty to pick from..... Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Cefaloni, John L Jr. [AMSTA-AR-WEA]" To: canslim@lists.xmission.com Subject: [CANSLIM] GISX Sent by: owner-canslim@lists.xm ission.com 08/21/2002 12:27 PM Please respond to canslim Anybody else watching GISX? Looks like it's breaking out of its base under nice volume. John C. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: david rossing Subject: Re: [CANSLIM] sell rules Date: 21 Aug 2002 10:41:45 -0700 (PDT) Seeing as people are starting to discuss this, I have a stock example that I'm curious about. JCOM broke out of a kind of short base with a short handle in late June. Since then it's had a good increase. The part I'm trying to figure out is that most of it's big gains are followed by high volume down days. Does this not matter if the down volume is less than the previous up volume? In particular, I was wondering what people would've thought around Aug 5, when a big up day was followed by several high volume downs. In retrospect (IBDspect?), it wasn't a bad thing and the gains have continued. I'd also be interested in any other sell signal examples, right and wrong, current and old, that people might be able to offer. Thanks. Dave __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 13:04:32 -0500 Bill, i don't recall any of the recent CANSLIM breakouts making 10+% except for PIXR. nor has CVH - you mentioned CVH on your later post-made people much money. nor do i know of these large number of failed breakouts. if you know otherwise please enlighten us. dave ----- Original Message ----- Sent: Wednesday, August 21, 2002 11:52 AM > I call it the C&H stigma. Everyone on all the boards knows this term now. > Whether they include the proper fundies when picking a stock is not known. > Five years ago I hardly saw the term compared to now. Ex: have a look at > www.clearstation.com for comments about CVH and it's break out and the > references to IBD news. > > Many of the folks on that site use the C&H for short term trades - not > canslim. While many will assume these are mainly small retail investors (a > big fish wouldn't advertise), I can bet there are many big fish trading > short term off breakouts. Heck, a $100k trade for a quick 8% to 10% gain > is ok for them. Just look at the high numbers of failed breakouts. Someone > made money for a short time. > > -Bill > > > ----- Original Message ----- > From: "david frank" > To: > Sent: Wednesday, August 21, 2002 9:13 AM > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > The side i'm curious about is the sell side. are most of these buyers, > weak > > holders or not? probably not, because pure canslimers hold for a 7-8% > loss. > > and most of the recent breakouts are holding up quite well. david > > ----- Original Message ----- > > From: "Edward W. Gjertsen II" > > To: > > Sent: Wednesday, August 21, 2002 10:36 AM > > Subject: RE: [CANSLIM] Too many CANSLIMers? > > > > > > > Great comments Tom. Everyone here should realize that there are more > > > than just individuals following CANSLIM. We are aware of several hedge > > > funds ($50+mm each) that strictly follow CANSLIM. Also, many who follow > > > the great site TradingMarkets.com, will realize the C&H formations are > > > very popular with swing traders. Don't forget WON and his employees > > > trade their retirement plans as well. So in essence, the pool is pretty > > > deep and we will always be faced with potential "squeezes" like CVH. > > > This is why many have been "cheating" by buying fractional positions > > > prior to the pivot, eventually loading up to a full position as the > > > stock breaks through the pivot. Good Luck to all. > > > > > > Ed Gjertsen II > > > ed@macktracks.com > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > > > Sent: Wednesday, August 21, 2002 1:08 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > Outside of the small / micro cap playground I like to haunt, where > > > 10,000 > > > shares in a day can represent a huge volume spike, the retail investors > > > represented on this group can make little difference in their buying > > > power / > > > volume alone. But where they can make a difference is when you add in > > > all > > > the other CANSLIM oriented investors that have not yet (fortunately) > > > found > > > this group, or all the ones that are pure momentum players, or think > > > they > > > understand CANSLIM, and thereby end up with approx the same pivot point. > > > Then, on top of that, think of the real elephants, the money / fund > > > managers > > > sitting on the sidelines with bags of somebody else's money they want to > > > spend, and don't know where. If they are active practitioners of > > > CANSLIM, > > > they likely they are also looking at the same pivot point, and ready to > > > cast > > > millions of $$$ at it when they see a possible b/o. If the little guys > > > all > > > start hitting the same pivot point, creating both volume and price > > > movement, > > > then some of the elephants start stampeding. That attracts attention > > > from > > > other little guys just chasing the herd, as well as other fund / money > > > managers, some of whom are friends with the ones that already jumped > > > into > > > the water. > > > > > > They don't call it herd instinct (or herd mentality, which implies > > > wrongly > > > that there are any brains behind it) for nothing. Momentum is only one > > > part > > > of CANSLIM. When you get both momentum and quality CANSLIM criteria, you > > > get > > > the best of all worlds, of interest to the majority of potential stock > > > buyers (as well as some shorters). > > > > > > ----- Original Message ----- > > > From: "Boyd" > > > To: > > > Sent: Tuesday, August 20, 2002 1:06 PM > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > > > > > > Maybe in a bear M where there are few good set-ups, we small CAN SLIMers > > > out here in WON-land can make a difference on low-vol stocks. WON says > > > it's instutions that move a stock when it is really climbing. But I > > > have > > > never completely understood how the big money plays CAN SLIM (if they > > > do). > > > Do they ever buy at the pivot like us? Surely they don't move in and > > > out > > > of a stock like CAN SLIM can have us doing at times. I thought they > > > took > > > weeks to take a position? If so, wouldn't they be the folks causing the > > > right side of the cup to form? Not being an market insider, I am > > > "clueless > > > in Texas." > > > > > > > > > Norm > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] eIBD Date: 21 Aug 2002 10:57:11 -0700 I wonder a lot of people have let their subscriptions expire because their is not much money to be made in CANSLIM right now in this market. It seems like with many companies-when sales are slow they either find a new product or raise prices. >From: "Bill Triffet" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] eIBD >Date: Wed, 21 Aug 2002 10:08:20 -0700 > >It must be tailored for the out of country investor though don't see added >value added over the paper subscription. If I was out of the country and >really wanted the paper, I'd just have them not deliver one (if possible) >and just go to investors.com. Besides, you can't cut and paste with PDF >files. > >-Bill > >----- Original Message ----- >From: "Tom Worley" >To: >Sent: Tuesday, August 20, 2002 9:19 PM >Subject: Re: [CANSLIM] eIBD > > > > I have never completely understood either IBD's or DGO's pricing. It's >like > > it is done strictly on costs to develop, without regard to effective > > marketing. Look at DGO's price for their Custom Screens (which I still >say > > should be an integral part of the basic subscription), or Groups data. >Can > > people really be so desperate for an e version of the paper a few hours > > ahead of when they could get a paper copy that they will pay this >premium? > > Can there be so many interested subscribers that live where they cannot > > subscribe to the paper version? (presumably mostly outside the USA)? > > > > ----- Original Message ----- > > From: "Bill Triffet" > > To: > > Sent: Wednesday, August 21, 2002 12:03 AM > > Subject: Re: [CANSLIM] eIBD > > > > More money??? Yikes! Add the that the one big blunder I see: PDF format. > > Very slow format even with a broadband connection. It will be >interesting >to > > see how the pricing of the paper version fares next year. Somthing >smells >of > > increase at that end also. > > > > -Bill > > > > ----- Original Message ----- > > From: "Roger" > > To: > > Sent: Tuesday, August 20, 2002 8:08 PM > > Subject: [CANSLIM] eIBD > > > > > hi all, > > > > > > fyi, WON and friends recently announced the electronic version of IBD, > > called > > > eIBD. you can check it out at www.investors.com/eibdoffer/ > > > > > > however, given the annual subscription rate of 319$usd, which is >almost > > 50% > > > more that the annual IBD subscription rate, i wonder how they can >justify > > this? > > > > > > Roger Tawa > > > [One thing about paradigms: shift happens.] > > > > > > > > > ________________________________________________ > > > Get your own "800" number > > > Voicemail, fax, email, and a lot more > > > http://www.ureach.com/reg/tag > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in y _________________________________________________________________ Join the world’s largest e-mail service with MSN Hotmail. http://www.hotmail.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Rose Colored Goggles? Date: 21 Aug 2002 13:04:39 -0500 Hi Mike, My quick annotations last night were on the longer term weekly charts just to show the "big picture." They were also marked incredibly fast just to draw attention to the rising RS lines and base structures along the way. Another reason for showing the weekly charts was to also show the quality of the fundamentals on each stock, easily visible to the left. On a chart like PIXR, the devil is in the details. While the longer term chart gives you perspective, the daily gives you the nitty-gritty. I've uploaded a daily with a few quick comments so you can "see" what I "see" when viewing the daily. See it at: http://WallStreet-LLC.com/canslim/PIXR082102B.jpg (daily) http://WallStreet-LLC.com/canslim/PIXR082002.jpg (weekly, posted yesterday) In general, when the handle is lengthy and in itself a base as in this case (about 12-13 weeks), you're not going to see the same kind of volume action that you would see in a 5 day handle, because the "fight" to shake out the last of the weak holders takes place over a longer period of time. What you would *not* want to see is that formation drifting up. Here, it moved sideways and in a very tight pattern in comparison to the larger base it followed. You would also want to assess the general pattern of price/volume while it was moving sideways....looking at, for example the Up/Down volume: http://WallStreet-LLC.com/canslim/PIXR082102A.jpg In this case, the U/D volume stayed very high throughout the base. All told, PIXR had far more pros than cons and did not have any obvious technical violations of handle or basing formations that would make you consider its breakout less than valid. Katherine ----- Original Message ----- Sent: Wednesday, August 21, 2002 12:22 PM | | Katherine, | | Thanks for all the charts. It really helps. I have a question on Pixar. | I see where you drew the cwh , but in the handle the volume is definitely | not drying up, like we would like to see. Any explanations on why it is | okay? (That is not meant as an attack on your view, just curious as to | your reasoning) | | MIke | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | Hi jans, | | I don't think you're going to get a "perfect" CANSLIM stock in all respects | coming out of such a severe Bear. Whether or not the rally has legs, there | are stocks actually working these days. The breakouts and subsequent action | are a bit tentative, but these stocks have been working. I made | some quick annotations on the stocks you mentioned just for some | prespective. Can't fault any of them from a longer term point of view. Good | news is there are another 50 set up right behind them. Now *that's* | something that's grabbed my attention. | | http://WallStreet-LLC.com/canslim/AMSG082002.jpg | http://WallStreet-LLC.com/canslim/BYD082002.jpg | http://WallStreet-LLC.com/canslim/PIXR082002.jpg | http://WallStreet-LLC.com/canslim/HRB082002.jpg | http://WallStreet-LLC.com/canslim/MCO082002.jpg | | Other recent break outs of decent stocks include: FCN, WTW, APOL, CVH, | XRAY, | AMFH, HBHC, BLUD, JASA, CSTR, JCOM, NWRE, NYCB, DORL. | | I'd sure love to see good quality stocks breaking out at 5 or 10 a | day....but time will tell. | | Katherine | | ----- Original Message ----- | From: | To: | Sent: Tuesday, August 20, 2002 7:44 PM | Subject: [CANSLIM] Rose Colored Goggles? | | | | Canslimmers: | | | | This is a passage from Wednesday's. Big Picture: | | | | "Despite the skittishness, emerging leaders performed well. | | | | Moody's (MCO) broke out of an eight-week base. The bond-rating stock | popped | | up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent | | consolidation isn't as tight as its January-to-April base, which led to a | 24% | | gain. But the company's fundamentals still look good. Moody's grew profit | 44% | | in the latest quarter as sales rose 32%. | | | | H&R Block (HRB) followed through on Friday's breakout. The tax stock | rallied | | 1.80 to 53.15 in above-average volume. The company's fundamentals are a | | little lumpy, given the once-a-year nature of the tax business. But it | still | | scores a 95 Earnings Per Share Rating. That means its growth is better | than | | 95% of stocks on the market. | | | | Boyd Gaming (BOYD) resumed its breakout late in the session. The stock | added | | 0.62 to 16.68. Volume swelled 138% above its 50-day average. | | | | Pixar (PIXR) marched higher for the fifth day in a row. The animated | feature | | producer has gained almost 15% since charging past its pivot point at | 44.30 | | on Aug. 14. | | | | AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday, | pulled | | back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy." | | | | THESE ARE CONSIDERED THE LEADERS BY IBD???? Only AMSG has decent | | earnings and sales. Its formation is nice, but its RS-line (not the | rating) | | is lower than its previous price high. All the others have lousy | earnings | | and some have lousy charts in addition to lousy earnings. | | | | Moreover, I get the impression that IBD feels that we are in a | rally. | | However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, | S&P | | 500 and 600) all of them have RS lines going lower as they roll higher. | So | | if this is a rally, I don't think it will last too long. | | | | This is just my opinion, but it would be nice if IBD and/WON | addressed | | these divergences. My impression is that IBD/WON wants a rally so much | that | | their wishes are father to the reality. | | | | Am I wrong? Katherine and Tom-or anyone who cares to comment-how do | you | | see the big picture? | | | | jans - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] Swing Trading? Date: 21 Aug 2002 12:29:27 -0600 What, exactly, is swing trading? I understand day trading -- you are in and out of a stock one or more times during a day, and don't hold overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general, depending on markets, etc. The term Swing Trading implies some kind of back and forth action. For how long? What kind of buy/sell rules apply? Inquiring Minds Want To Know. Thanks. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 11:39:27 -0700 David, Sorry I wasn't clear - both in my example and time frame. I was referring to earlier this year in May when there was similar talk of breakouts - many of which failed. I still get that hit today. Also, my real intent with mentioning CVH and clearstation is it's visibility there. Some of the discussion involving various parts of canslim. You had asked if most of these were "weak holders" (yes, in this current market). My theory was/is they are short term holders. These folks (IMO) buy late in the handle and sell at the breakout. Ex: buy CVH right at the breakout @32 then sell into the breakout @34.5 - that's a 7.8% gain. I'm not sure I could pull off such a thing but I would assume others with better trading resource could and do. Definitely not canslim but IMO it does effect the breakouts. In the future, I'll wait till I get home to post as I have more time to formulate my thoughts without confusing the subject (or completely missing the point). -Bill ----- Original Message ----- Sent: Wednesday, August 21, 2002 11:04 AM > Bill, i don't recall any of the recent CANSLIM breakouts making 10+% except > for PIXR. nor has CVH - you mentioned CVH on your later post-made people > much money. nor do i know of these large number of failed breakouts. if you > know otherwise please enlighten us. dave > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Wednesday, August 21, 2002 11:52 AM > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > I call it the C&H stigma. Everyone on all the boards knows this term now. > > Whether they include the proper fundies when picking a stock is not known. > > Five years ago I hardly saw the term compared to now. Ex: have a look at > > www.clearstation.com for comments about CVH and it's break out and the > > references to IBD news. > > > > Many of the folks on that site use the C&H for short term trades - not > > canslim. While many will assume these are mainly small retail investors (a > > big fish wouldn't advertise), I can bet there are many big fish trading > > short term off breakouts. Heck, a $100k trade for a quick 8% to 10% gain > > is ok for them. Just look at the high numbers of failed breakouts. Someone > > made money for a short time. > > > > -Bill > > > > > > ----- Original Message ----- > > From: "david frank" > > To: > > Sent: Wednesday, August 21, 2002 9:13 AM > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > The side i'm curious about is the sell side. are most of these buyers, > > weak > > > holders or not? probably not, because pure canslimers hold for a 7-8% > > loss. > > > and most of the recent breakouts are holding up quite well. david > > > ----- Original Message ----- > > > From: "Edward W. Gjertsen II" > > > To: > > > Sent: Wednesday, August 21, 2002 10:36 AM > > > Subject: RE: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > Great comments Tom. Everyone here should realize that there are more > > > > than just individuals following CANSLIM. We are aware of several > hedge > > > > funds ($50+mm each) that strictly follow CANSLIM. Also, many who > follow > > > > the great site TradingMarkets.com, will realize the C&H formations are > > > > very popular with swing traders. Don't forget WON and his employees > > > > trade their retirement plans as well. So in essence, the pool is > pretty > > > > deep and we will always be faced with potential "squeezes" like CVH. > > > > This is why many have been "cheating" by buying fractional positions > > > > prior to the pivot, eventually loading up to a full position as the > > > > stock breaks through the pivot. Good Luck to all. > > > > > > > > Ed Gjertsen II > > > > ed@macktracks.com > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > > > > Sent: Wednesday, August 21, 2002 1:08 AM > > > > To: canslim@lists.xmission.com > > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > Outside of the small / micro cap playground I like to haunt, where > > > > 10,000 > > > > shares in a day can represent a huge volume spike, the retail > investors > > > > represented on this group can make little difference in their buying > > > > power / > > > > volume alone. But where they can make a difference is when you add in > > > > all > > > > the other CANSLIM oriented investors that have not yet (fortunately) > > > > found > > > > this group, or all the ones that are pure momentum players, or think > > > > they > > > > understand CANSLIM, and thereby end up with approx the same pivot > point. > > > > Then, on top of that, think of the real elephants, the money / fund > > > > managers > > > > sitting on the sidelines with bags of somebody else's money they want > to > > > > spend, and don't know where. If they are active practitioners of > > > > CANSLIM, > > > > they likely they are also looking at the same pivot point, and ready > to > > > > cast > > > > millions of $$$ at it when they see a possible b/o. If the little guys > > > > all > > > > start hitting the same pivot point, creating both volume and price > > > > movement, > > > > then some of the elephants start stampeding. That attracts attention > > > > from > > > > other little guys just chasing the herd, as well as other fund / money > > > > managers, some of whom are friends with the ones that already jumped > > > > into > > > > the water. > > > > > > > > They don't call it herd instinct (or herd mentality, which implies > > > > wrongly > > > > that there are any brains behind it) for nothing. Momentum is only one > > > > part > > > > of CANSLIM. When you get both momentum and quality CANSLIM criteria, > you > > > > get > > > > the best of all worlds, of interest to the majority of potential stock > > > > buyers (as well as some shorters). > > > > > > > > ----- Original Message ----- > > > > From: "Boyd" > > > > To: > > > > Sent: Tuesday, August 20, 2002 1:06 PM > > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > > > > > > > > > > > Maybe in a bear M where there are few good set-ups, we small CAN > SLIMers > > > > out here in WON-land can make a difference on low-vol stocks. WON > says > > > > it's instutions that move a stock when it is really climbing. But I > > > > have > > > > never completely understood how the big money plays CAN SLIM (if they > > > > do). > > > > Do they ever buy at the pivot like us? Surely they don't move in and > > > > out > > > > of a stock like CAN SLIM can have us doing at times. I thought they > > > > took > > > > weeks to take a position? If so, wouldn't they be the folks causing > the > > > > right side of the cup to form? Not being an market insider, I am > > > > "clueless > > > > in Texas." > > > > > > > > > > > > Norm > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] The effect of expiring options Date: 21 Aug 2002 13:50:52 -0500 Someone has mentioned previously that stocks will sometimes experience a = short term move upward because of option holders selling off their = soon-to-expire option contracts. Can someone please provide more = information on this topic or point me to a good source of information to = understand this phenomenon more clearly? Kelly - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] GISX Date: 21 Aug 2002 14:56:36 -0400 I've been watching it too, but one thing that bothered me about the chart is the fact that the base has basically had higher lows since earlier in the year so I never really felt that there was a valid shakeout. Perhaps in retrospect these higher bottoms were a plus?? ----- Original Message ----- Sent: Wednesday, August 21, 2002 1:27 PM > Anybody else watching GISX? Looks like it's breaking out of its base under > nice volume. > > John C. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 09:00:01 -1000 David, Some breakouts are showing more than 10% gain, and holding up. INTL is an example - up approx 20% from its pivot. Maybe not a perfect CANSLIM stock, but broke out of a 5 day handle on 8/14. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of david frank Sent: Wednesday, August 21, 2002 8:05 AM Bill, i don't recall any of the recent CANSLIM breakouts making 10+% except for PIXR. nor has CVH - you mentioned CVH on your later post-made people much money. nor do i know of these large number of failed breakouts. if you know otherwise please enlighten us. dave ----- Original Message ----- Sent: Wednesday, August 21, 2002 11:52 AM > I call it the C&H stigma. Everyone on all the boards knows this term now. > Whether they include the proper fundies when picking a stock is not known. > Five years ago I hardly saw the term compared to now. Ex: have a look at > www.clearstation.com for comments about CVH and it's break out and the > references to IBD news. > > Many of the folks on that site use the C&H for short term trades - not > canslim. While many will assume these are mainly small retail investors (a > big fish wouldn't advertise), I can bet there are many big fish trading > short term off breakouts. Heck, a $100k trade for a quick 8% to 10% gain > is ok for them. Just look at the high numbers of failed breakouts. Someone > made money for a short time. > > -Bill > > > ----- Original Message ----- > From: "david frank" > To: > Sent: Wednesday, August 21, 2002 9:13 AM > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > The side i'm curious about is the sell side. are most of these buyers, > weak > > holders or not? probably not, because pure canslimers hold for a 7-8% > loss. > > and most of the recent breakouts are holding up quite well. david > > ----- Original Message ----- > > From: "Edward W. Gjertsen II" > > To: > > Sent: Wednesday, August 21, 2002 10:36 AM > > Subject: RE: [CANSLIM] Too many CANSLIMers? > > > > > > > Great comments Tom. Everyone here should realize that there are more > > > than just individuals following CANSLIM. We are aware of several hedge > > > funds ($50+mm each) that strictly follow CANSLIM. Also, many who follow > > > the great site TradingMarkets.com, will realize the C&H formations are > > > very popular with swing traders. Don't forget WON and his employees > > > trade their retirement plans as well. So in essence, the pool is pretty > > > deep and we will always be faced with potential "squeezes" like CVH. > > > This is why many have been "cheating" by buying fractional positions > > > prior to the pivot, eventually loading up to a full position as the > > > stock breaks through the pivot. Good Luck to all. > > > > > > Ed Gjertsen II > > > ed@macktracks.com > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > > > Sent: Wednesday, August 21, 2002 1:08 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > Outside of the small / micro cap playground I like to haunt, where > > > 10,000 > > > shares in a day can represent a huge volume spike, the retail investors > > > represented on this group can make little difference in their buying > > > power / > > > volume alone. But where they can make a difference is when you add in > > > all > > > the other CANSLIM oriented investors that have not yet (fortunately) > > > found > > > this group, or all the ones that are pure momentum players, or think > > > they > > > understand CANSLIM, and thereby end up with approx the same pivot point. > > > Then, on top of that, think of the real elephants, the money / fund > > > managers > > > sitting on the sidelines with bags of somebody else's money they want to > > > spend, and don't know where. If they are active practitioners of > > > CANSLIM, > > > they likely they are also looking at the same pivot point, and ready to > > > cast > > > millions of $$$ at it when they see a possible b/o. If the little guys > > > all > > > start hitting the same pivot point, creating both volume and price > > > movement, > > > then some of the elephants start stampeding. That attracts attention > > > from > > > other little guys just chasing the herd, as well as other fund / money > > > managers, some of whom are friends with the ones that already jumped > > > into > > > the water. > > > > > > They don't call it herd instinct (or herd mentality, which implies > > > wrongly > > > that there are any brains behind it) for nothing. Momentum is only one > > > part > > > of CANSLIM. When you get both momentum and quality CANSLIM criteria, you > > > get > > > the best of all worlds, of interest to the majority of potential stock > > > buyers (as well as some shorters). > > > > > > ----- Original Message ----- > > > From: "Boyd" > > > To: > > > Sent: Tuesday, August 20, 2002 1:06 PM > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > > > > > > Maybe in a bear M where there are few good set-ups, we small CAN SLIMers > > > out here in WON-land can make a difference on low-vol stocks. WON says > > > it's instutions that move a stock when it is really climbing. But I > > > have > > > never completely understood how the big money plays CAN SLIM (if they > > > do). > > > Do they ever buy at the pivot like us? Surely they don't move in and > > > out > > > of a stock like CAN SLIM can have us doing at times. I thought they > > > took > > > weeks to take a position? If so, wouldn't they be the folks causing the > > > right side of the cup to form? Not being an market insider, I am > > > "clueless > > > in Texas." > > > > > > > > > Norm > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 14:15:08 -0500 Bill, Yes, you are right about what you are saying now. My postings are terrible , they are quarter attempts of saying nothing-for the most part i'm thinking about something else-especially if i have my trading shoes on. they kind of look like a very sloppy base like IBD posted by mistake in today's paper which was BOYD instead of BYD. Interesting last hour coming up, some of these CANSLIM stocks are falling to there breakout points. david ----- Original Message ----- Sent: Wednesday, August 21, 2002 1:39 PM > David, > > Sorry I wasn't clear - both in my example and time frame. I was referring > to earlier this year in May when there was similar talk of breakouts - many > of which failed. I still get that hit today. > Also, my real intent with mentioning CVH and clearstation is it's visibility > there. Some of the discussion involving various parts of canslim. > > You had asked if most of these were "weak holders" (yes, in this current > market). My theory was/is they are short term holders. These folks (IMO) buy > late in the handle and sell at the breakout. Ex: buy CVH right at the > breakout @32 then sell into the breakout @34.5 - that's a 7.8% gain. I'm not > sure I could pull off such a thing but I would assume others with better > trading resource could and do. Definitely not canslim but IMO it does effect > the breakouts. > > > In the future, I'll wait till I get home to post as I have more time to > formulate my thoughts without confusing the subject (or completely missing > the point). > > -Bill > > > > > ----- Original Message ----- > From: "david frank" > To: > Sent: Wednesday, August 21, 2002 11:04 AM > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > Bill, i don't recall any of the recent CANSLIM breakouts making 10+% > except > > for PIXR. nor has CVH - you mentioned CVH on your later post-made people > > much money. nor do i know of these large number of failed breakouts. if > you > > know otherwise please enlighten us. dave > > ----- Original Message ----- > > From: "Bill Triffet" > > To: > > Sent: Wednesday, August 21, 2002 11:52 AM > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > I call it the C&H stigma. Everyone on all the boards knows this term > now. > > > Whether they include the proper fundies when picking a stock is not > known. > > > Five years ago I hardly saw the term compared to now. Ex: have a look at > > > www.clearstation.com for comments about CVH and it's break out and the > > > references to IBD news. > > > > > > Many of the folks on that site use the C&H for short term trades - not > > > canslim. While many will assume these are mainly small retail investors > (a > > > big fish wouldn't advertise), I can bet there are many big fish trading > > > short term off breakouts. Heck, a $100k trade for a quick 8% to 10% > gain > > > is ok for them. Just look at the high numbers of failed breakouts. > Someone > > > made money for a short time. > > > > > > -Bill > > > > > > > > > ----- Original Message ----- > > > From: "david frank" > > > To: > > > Sent: Wednesday, August 21, 2002 9:13 AM > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > The side i'm curious about is the sell side. are most of these buyers, > > > weak > > > > holders or not? probably not, because pure canslimers hold for a 7-8% > > > loss. > > > > and most of the recent breakouts are holding up quite well. david > > > > ----- Original Message ----- > > > > From: "Edward W. Gjertsen II" > > > > To: > > > > Sent: Wednesday, August 21, 2002 10:36 AM > > > > Subject: RE: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > > > > Great comments Tom. Everyone here should realize that there are > more > > > > > than just individuals following CANSLIM. We are aware of several > > hedge > > > > > funds ($50+mm each) that strictly follow CANSLIM. Also, many who > > follow > > > > > the great site TradingMarkets.com, will realize the C&H formations > are > > > > > very popular with swing traders. Don't forget WON and his employees > > > > > trade their retirement plans as well. So in essence, the pool is > > pretty > > > > > deep and we will always be faced with potential "squeezes" like CVH. > > > > > This is why many have been "cheating" by buying fractional positions > > > > > prior to the pivot, eventually loading up to a full position as the > > > > > stock breaks through the pivot. Good Luck to all. > > > > > > > > > > Ed Gjertsen II > > > > > ed@macktracks.com > > > > > > > > > > -----Original Message----- > > > > > From: owner-canslim@lists.xmission.com > > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > > > > > Sent: Wednesday, August 21, 2002 1:08 AM > > > > > To: canslim@lists.xmission.com > > > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > Outside of the small / micro cap playground I like to haunt, where > > > > > 10,000 > > > > > shares in a day can represent a huge volume spike, the retail > > investors > > > > > represented on this group can make little difference in their buying > > > > > power / > > > > > volume alone. But where they can make a difference is when you add > in > > > > > all > > > > > the other CANSLIM oriented investors that have not yet (fortunately) > > > > > found > > > > > this group, or all the ones that are pure momentum players, or think > > > > > they > > > > > understand CANSLIM, and thereby end up with approx the same pivot > > point. > > > > > Then, on top of that, think of the real elephants, the money / fund > > > > > managers > > > > > sitting on the sidelines with bags of somebody else's money they > want > > to > > > > > spend, and don't know where. If they are active practitioners of > > > > > CANSLIM, > > > > > they likely they are also looking at the same pivot point, and ready > > to > > > > > cast > > > > > millions of $$$ at it when they see a possible b/o. If the little > guys > > > > > all > > > > > start hitting the same pivot point, creating both volume and price > > > > > movement, > > > > > then some of the elephants start stampeding. That attracts attention > > > > > from > > > > > other little guys just chasing the herd, as well as other fund / > money > > > > > managers, some of whom are friends with the ones that already jumped > > > > > into > > > > > the water. > > > > > > > > > > They don't call it herd instinct (or herd mentality, which implies > > > > > wrongly > > > > > that there are any brains behind it) for nothing. Momentum is only > one > > > > > part > > > > > of CANSLIM. When you get both momentum and quality CANSLIM criteria, > > you > > > > > get > > > > > the best of all worlds, of interest to the majority of potential > stock > > > > > buyers (as well as some shorters). > > > > > > > > > > ----- Original Message ----- > > > > > From: "Boyd" > > > > > To: > > > > > Sent: Tuesday, August 20, 2002 1:06 PM > > > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > > > > > > > > > > > > > > > > Maybe in a bear M where there are few good set-ups, we small CAN > > SLIMers > > > > > out here in WON-land can make a difference on low-vol stocks. WON > > says > > > > > it's instutions that move a stock when it is really climbing. But I > > > > > have > > > > > never completely understood how the big money plays CAN SLIM (if > they > > > > > do). > > > > > Do they ever buy at the pivot like us? Surely they don't move in > and > > > > > out > > > > > of a stock like CAN SLIM can have us doing at times. I thought they > > > > > took > > > > > weeks to take a position? If so, wouldn't they be the folks causing > > the > > > > > right side of the cup to form? Not being an market insider, I am > > > > > "clueless > > > > > in Texas." > > > > > > > > > > > > > > > Norm > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Swing Trading? Date: 21 Aug 2002 13:09:59 -0600 From the book Street Smarts by Linda Raschke and Larry Connors - "By swing trading, we mean monitoring the market for support and resistance levels and actively trading around those areas. Stops are place just beneath support or above resistance to minimize risk." I think the time frame on most swing trades is anywhere from 1 to 4 or 5 days, 3 days might be most common. Support and resistance can also include moving average lines, retracements, gaps. On 21 Aug 2002 at 12:29, Warren Keuffel wrote: > What, exactly, is swing trading? I understand day trading -- you are in and > out of a stock one or more times during a day, and don't hold overnight. > CANSLIM has (in my mind) a 1-6 month horizon, in general, depending on > markets, etc. The term Swing Trading implies some kind of back and forth > action. For how long? What kind of buy/sell rules apply? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Eric Jaenike Subject: Re: [CANSLIM] Swing Trading? Date: 21 Aug 2002 12:10:39 -0700 (PDT) --0-1139494781-1029957039=:4305 Content-Type: text/plain; charset=us-ascii I just started reading Alan Farley's book, The Master Swing Trader. As I understand it, swing trading focuses on shorter term swings in the market when the market/stock is trading in a nontrending/horizontal fashion. That method focuses on buying at support and selling at resistance. When the instrument in question then breaks from its current trading range, the swing trader will then change tactics and switch to a momentum trading style. I have only read about 50 pages of his book, but so far have found it to be one of the best investing books I have read. It is, however, very advanced, very technical, and a slow read. Eric Warren Keuffel wrote:What, exactly, is swing trading? I understand day trading -- you are in and out of a stock one or more times during a day, and don't hold overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general, depending on markets, etc. The term Swing Trading implies some kind of back and forth action. For how long? What kind of buy/sell rules apply? Inquiring Minds Want To Know. Thanks. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1139494781-1029957039=:4305 Content-Type: text/html; charset=us-ascii

I just started reading Alan Farley's book, The Master Swing Trader. As I understand it, swing trading focuses on shorter term swings in the market when the market/stock is trading in a nontrending/horizontal fashion. That method focuses on buying at support and selling at resistance. When the instrument in question then breaks from its current trading range, the swing trader will then change tactics and switch to a momentum trading style.

I have only read about 50 pages of his book, but so far have found it to be one of the best investing books I have read. It is, however, very advanced, very technical, and a slow read.

Eric

 

 Warren Keuffel wrote:

What, exactly, is swing trading? I understand day trading -- you are in
and out of a stock one or more times during a day, and don't hold
overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general,
depending on markets, etc. The term Swing Trading implies some kind of
back and forth action. For how long? What kind of buy/sell rules apply?

Inquiring Minds Want To Know.
Thanks.
Warren


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.


Do You Yahoo!?
HotJobs, a Yahoo! service - Search Thousands of New Jobs --0-1139494781-1029957039=:4305-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 12:23:27 -0700 Whew! I was worried my post was digressing even further. (g) My point to be made is if we are standing by pure canslim buy/sell rules and the short term (though possibly some large block trades) are trading on pure technicals - will/does that effect the breakouts. I say yes. The bright side is if this new rally gains some steam with more industry groups breaking out, the short term traders may keep their toes in the water a little longer to allow these breakouts to move forward. -Bill ----- Original Message ----- Sent: Wednesday, August 21, 2002 12:15 PM > Bill, Yes, you are right about what you are saying now. My postings are > terrible , they are quarter attempts of saying nothing-for the most part i'm > thinking about something else-especially if i have my trading shoes on. they > kind of look like a very sloppy base like IBD posted by mistake in today's > paper which was BOYD instead of BYD. Interesting last hour coming up, some > of these CANSLIM stocks are falling to there breakout points. david > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Wednesday, August 21, 2002 1:39 PM > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > David, > > > > Sorry I wasn't clear - both in my example and time frame. I was referring > > to earlier this year in May when there was similar talk of breakouts - > many > > of which failed. I still get that hit today. > > Also, my real intent with mentioning CVH and clearstation is it's > visibility > > there. Some of the discussion involving various parts of canslim. > > > > You had asked if most of these were "weak holders" (yes, in this current > > market). My theory was/is they are short term holders. These folks (IMO) > buy > > late in the handle and sell at the breakout. Ex: buy CVH right at the > > breakout @32 then sell into the breakout @34.5 - that's a 7.8% gain. I'm > not > > sure I could pull off such a thing but I would assume others with better > > trading resource could and do. Definitely not canslim but IMO it does > effect > > the breakouts. > > > > > > In the future, I'll wait till I get home to post as I have more time to > > formulate my thoughts without confusing the subject (or completely missing > > the point). > > > > -Bill > > > > > > > > > > ----- Original Message ----- > > From: "david frank" > > To: > > Sent: Wednesday, August 21, 2002 11:04 AM > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > Bill, i don't recall any of the recent CANSLIM breakouts making 10+% > > except > > > for PIXR. nor has CVH - you mentioned CVH on your later post-made people > > > much money. nor do i know of these large number of failed breakouts. if > > you > > > know otherwise please enlighten us. dave > > > ----- Original Message ----- > > > From: "Bill Triffet" > > > To: > > > Sent: Wednesday, August 21, 2002 11:52 AM > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > I call it the C&H stigma. Everyone on all the boards knows this term > > now. > > > > Whether they include the proper fundies when picking a stock is not > > known. > > > > Five years ago I hardly saw the term compared to now. Ex: have a look > at > > > > www.clearstation.com for comments about CVH and it's break out and > the > > > > references to IBD news. > > > > > > > > Many of the folks on that site use the C&H for short term trades - not > > > > canslim. While many will assume these are mainly small retail > investors > > (a > > > > big fish wouldn't advertise), I can bet there are many big fish > trading > > > > short term off breakouts. Heck, a $100k trade for a quick 8% to 10% > > gain > > > > is ok for them. Just look at the high numbers of failed breakouts. > > Someone > > > > made money for a short time. > > > > > > > > -Bill > > > > > > > > > > > > ----- Original Message ----- > > > > From: "david frank" > > > > To: > > > > Sent: Wednesday, August 21, 2002 9:13 AM > > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > > > > The side i'm curious about is the sell side. are most of these > buyers, > > > > weak > > > > > holders or not? probably not, because pure canslimers hold for a > 7-8% > > > > loss. > > > > > and most of the recent breakouts are holding up quite well. david - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Swing Trading? Date: 21 Aug 2002 15:25:20 EDT --part1_ce.2b598b47.2a954320_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Eric, I read Farley's book too, and also thoroughly enjoyed it. I think there's going to have to be a 2nd, 3rd and 4th reading before I absorb it all, but I though it an excellent view into the Swing Trader's mentality. He also has a website at: http://www.hardrightedge.com/default.htm which gives some of the same info for free. It's well worth checking out as a supplement to the book, or for those not willing to shell out the $65 (or thereabouts) for it. Best To All, Robert W. Elmer --part1_ce.2b598b47.2a954320_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Eric,

I read Farley's book too, and also thoroughly enjoyed it. I think there's going to have to be a 2nd, 3rd and 4th reading before I absorb it all, but I though it an excellent view into the Swing Trader's mentality.

He also has a website at:

http://www.hardrightedge.com/default.htm

which gives some of the same info for free. It's well worth checking out as a supplement to the book, or for those not willing to shell out the $65 (or thereabouts) for it.

Best To All,

Robert W. Elmer
--part1_ce.2b598b47.2a954320_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Jeff Bogatay" Subject: RE: [CANSLIM] Swing Trading? & Greetings & A question Date: 21 Aug 2002 15:51:40 -0400 Greets group. Long time lurker. Six months ago I knew absolutely nothing about the markets. It's starting to sink in now. Jumped in head first and burned through my free trades in no-time flat. I feel fortunate to only be down about 20%. Didn't start with that much, so it's not _that_ painfull. It was almost purely driven by emotion, and now that I got it out of my system I am taking a slower, more analytical approach. This mailing list is chock-full of great information. I have learned quite a bit via this list alone. I'm more into charts then fundamentals, my ultimate goal is to do some shorter term trading. You need to have a sizable chunk of capital to do this, in the interim I am studying up on CANSLIM and intermediate term investing. Who knows, perhaps I'll learn to love fundamentals? :P I too have My Farley's book. I got almost 2 chapters in and I haven't got back to it yet. It's most definitely a tough read. For some reason it almost reminded me of Dr Suess talks Stock Markets. I am presently reading HTMMIS. I will return to Master Swing Trader at some later point, when I have more time and open it before it's dark outside. On more than a few nights, that book put me out like a light. I have a decent understaning of the mechanics of business, and am starting to grasp the mechanics of the market. One area which I'd like to learn more about is the intersection of the two. Does anybody have any websites that detail this interaction? Things like... - Other than the obvious benefit for acquisitions, stock options, etc... What direct effect does a company's stock price have on the company? - Other than for investment purposes, why would a company buy back stock? - A quick overview of specialists? Who do they work for, their interaction with the company/exchange, etc.. Forgive me if these questions are off-topic or dumbish. I hope that one day I'll be able to contribute something of substance. -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Eric Jaenike Sent: Wednesday, August 21, 2002 2:11 PM I just started reading Alan Farley's book, The Master Swing Trader. As I understand it, swing trading focuses on shorter term swings in the market when the market/stock is trading in a nontrending/horizontal fashion. That method focuses on buying at support and selling at resistance. When the instrument in question then breaks from its current trading range, the swing trader will then change tactics and switch to a momentum trading style. I have only read about 50 pages of his book, but so far have found it to be one of the best investing books I have read. It is, however, very advanced, very technical, and a slow read. Eric Warren Keuffel wrote: What, exactly, is swing trading? I understand day trading -- you are in and out of a stock one or more times during a day, and don't hold overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general, depending on markets, etc. The term Swing Trading implies some kind of back and forth action. For how long? What kind of buy/sell rules apply? Inquiring Minds Want To Know. Thanks. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Too many CANSLIMers? Date: 21 Aug 2002 14:47:07 -0500 Mike, yes INTL had a very nice breakout on 8-14, the day of another nasdaq reconfirmation rally. I believe the breakout happened very late in the day-just about got in, but due to it's deficits in sales in each quarter decided not to and wait for a better stock. although it was a breakout stock, because of its lack of growth among other things, believe it is not a valid canslim stock. david ----- Original Message ----- Sent: Wednesday, August 21, 2002 2:00 PM > David, > > Some breakouts are showing more than 10% gain, and holding up. INTL is an > example - up approx 20% from its pivot. Maybe not a perfect CANSLIM stock, > but broke out of a 5 day handle on 8/14. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of david frank > Sent: Wednesday, August 21, 2002 8:05 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > Bill, i don't recall any of the recent CANSLIM breakouts making 10+% except > for PIXR. nor has CVH - you mentioned CVH on your later post-made people > much money. nor do i know of these large number of failed breakouts. if you > know otherwise please enlighten us. dave > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Wednesday, August 21, 2002 11:52 AM > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > I call it the C&H stigma. Everyone on all the boards knows this term now. > > Whether they include the proper fundies when picking a stock is not known. > > Five years ago I hardly saw the term compared to now. Ex: have a look at > > www.clearstation.com for comments about CVH and it's break out and the > > references to IBD news. > > > > Many of the folks on that site use the C&H for short term trades - not > > canslim. While many will assume these are mainly small retail investors (a > > big fish wouldn't advertise), I can bet there are many big fish trading > > short term off breakouts. Heck, a $100k trade for a quick 8% to 10% gain > > is ok for them. Just look at the high numbers of failed breakouts. Someone > > made money for a short time. > > > > -Bill > > > > > > ----- Original Message ----- > > From: "david frank" > > To: > > Sent: Wednesday, August 21, 2002 9:13 AM > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > The side i'm curious about is the sell side. are most of these buyers, > > weak > > > holders or not? probably not, because pure canslimers hold for a 7-8% > > loss. > > > and most of the recent breakouts are holding up quite well. david > > > ----- Original Message ----- > > > From: "Edward W. Gjertsen II" > > > To: > > > Sent: Wednesday, August 21, 2002 10:36 AM > > > Subject: RE: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > Great comments Tom. Everyone here should realize that there are more > > > > than just individuals following CANSLIM. We are aware of several > hedge > > > > funds ($50+mm each) that strictly follow CANSLIM. Also, many who > follow > > > > the great site TradingMarkets.com, will realize the C&H formations are > > > > very popular with swing traders. Don't forget WON and his employees > > > > trade their retirement plans as well. So in essence, the pool is > pretty > > > > deep and we will always be faced with potential "squeezes" like CVH. > > > > This is why many have been "cheating" by buying fractional positions > > > > prior to the pivot, eventually loading up to a full position as the > > > > stock breaks through the pivot. Good Luck to all. > > > > > > > > Ed Gjertsen II > > > > ed@macktracks.com > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > > > > Sent: Wednesday, August 21, 2002 1:08 AM > > > > To: canslim@lists.xmission.com > > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > Outside of the small / micro cap playground I like to haunt, where > > > > 10,000 > > > > shares in a day can represent a huge volume spike, the retail > investors > > > > represented on this group can make little difference in their buying > > > > power / > > > > volume alone. But where they can make a difference is when you add in > > > > all > > > > the other CANSLIM oriented investors that have not yet (fortunately) > > > > found > > > > this group, or all the ones that are pure momentum players, or think > > > > they > > > > understand CANSLIM, and thereby end up with approx the same pivot > point. > > > > Then, on top of that, think of the real elephants, the money / fund > > > > managers > > > > sitting on the sidelines with bags of somebody else's money they want > to > > > > spend, and don't know where. If they are active practitioners of > > > > CANSLIM, > > > > they likely they are also looking at the same pivot point, and ready > to > > > > cast > > > > millions of $$$ at it when they see a possible b/o. If the little guys > > > > all > > > > start hitting the same pivot point, creating both volume and price > > > > movement, > > > > then some of the elephants start stampeding. That attracts attention > > > > from > > > > other little guys just chasing the herd, as well as other fund / money > > > > managers, some of whom are friends with the ones that already jumped > > > > into > > > > the water. > > > > > > > > They don't call it herd instinct (or herd mentality, which implies > > > > wrongly > > > > that there are any brains behind it) for nothing. Momentum is only one > > > > part > > > > of CANSLIM. When you get both momentum and quality CANSLIM criteria, > you > > > > get > > > > the best of all worlds, of interest to the majority of potential stock > > > > buyers (as well as some shorters). > > > > > > > > ----- Original Message ----- > > > > From: "Boyd" > > > > To: > > > > Sent: Tuesday, August 20, 2002 1:06 PM > > > > Subject: Re: [CANSLIM] Too many CANSLIMers? > > > > > > > > > > > > > > > > > > > > Maybe in a bear M where there are few good set-ups, we small CAN > SLIMers > > > > out here in WON-land can make a difference on low-vol stocks. WON > says > > > > it's instutions that move a stock when it is really climbing. But I > > > > have > > > > never completely understood how the big money plays CAN SLIM (if they > > > > do). > > > > Do they ever buy at the pivot like us? Surely they don't move in and > > > > out > > > > of a stock like CAN SLIM can have us doing at times. I thought they > > > > took > > > > weeks to take a position? If so, wouldn't they be the folks causing > the > > > > right side of the cup to form? Not being an market insider, I am > > > > "clueless > > > > in Texas." > > > > > > > > > > > > Norm > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Marc Deiter Subject: Re: [CANSLIM] eIBD Date: 21 Aug 2002 10:43:11 -0700 (PDT) Where is the information about the eIBD? I looked at the home page but did not see a reference. I subscribe to the paper but live in a smaller town in the U.S. Today's paper (Wednesday's) will arrive in Thursday afternoon's mail. IBD used to be available at grocery stores, etc. here in town until a few months ago, and that went away. IBD customer service provided a generic answer when I asked why. So now I find myself using the on-line site more and more, but it doesn't contain some of the information that is in the print edition. So even within the U.S., there would probably be a market for enhanced on-line services by IBD. --- Tom Worley wrote: > I have never completely understood either IBD's or DGO's pricing. > It's like > it is done strictly on costs to develop, without regard to > effective > marketing. Look at DGO's price for their Custom Screens (which I > still say > should be an integral part of the basic subscription), or Groups > data. Can > people really be so desperate for an e version of the paper a few > hours > ahead of when they could get a paper copy that they will pay this > premium? > Can there be so many interested subscribers that live where they > cannot > subscribe to the paper version? (presumably mostly outside the > USA)? > > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Wednesday, August 21, 2002 12:03 AM > Subject: Re: [CANSLIM] eIBD > > More money??? Yikes! Add the that the one big blunder I see: PDF > format. > Very slow format even with a broadband connection. It will be > interesting to > see how the pricing of the paper version fares next year. Somthing > smells of > increase at that end also. > > -Bill > > ----- Original Message ----- > From: "Roger" > To: > Sent: Tuesday, August 20, 2002 8:08 PM > Subject: [CANSLIM] eIBD > > > hi all, > > > > fyi, WON and friends recently announced the electronic version of > IBD, > called > > eIBD. you can check it out at www.investors.com/eibdoffer/ > > > > however, given the annual subscription rate of 319$usd, which is > almost > 50% > > more that the annual IBD subscription rate, i wonder how they can > justify > this? > > > > Roger Tawa > > [One thing about paradigms: shift happens.] > > > > > > ________________________________________________ > > Get your own "800" number > > Voicemail, fax, email, and a lot more > > http://www.ureach.com/reg/tag > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: re: [CANSLIM] eIBD Date: 21 Aug 2002 15:35:52 -0500 Hi Marc, see www.investors.com/eibdoffer/ For future reference, you can also see the thread of the conversation as long as folks include the original message in their response. In this case, the reference you were looking for is down at the bottom of this email in Roger's original post. Katherine ----- Original Message ----- Sent: Wednesday, August 21, 2002 12:43 PM | Where is the information about the eIBD? I looked at the home page | but did not see a reference. | | I subscribe to the paper but live in a smaller town in the U.S. | Today's paper (Wednesday's) will arrive in Thursday afternoon's mail. | IBD used to be available at grocery stores, etc. here in town until | a few months ago, and that went away. IBD customer service provided | a generic answer when I asked why. So now I find myself using the | on-line site more and more, but it doesn't contain some of the | information that is in the print edition. So even within the U.S., | there would probably be a market for enhanced on-line services by | IBD. | | --- Tom Worley wrote: | > I have never completely understood either IBD's or DGO's pricing. | > It's like | > it is done strictly on costs to develop, without regard to | > effective | > marketing. Look at DGO's price for their Custom Screens (which I | > still say | > should be an integral part of the basic subscription), or Groups | > data. Can | > people really be so desperate for an e version of the paper a few | > hours | > ahead of when they could get a paper copy that they will pay this | > premium? | > Can there be so many interested subscribers that live where they | > cannot | > subscribe to the paper version? (presumably mostly outside the | > USA)? | > | > ----- Original Message ----- | > From: "Bill Triffet" | > To: | > Sent: Wednesday, August 21, 2002 12:03 AM | > Subject: Re: [CANSLIM] eIBD | > | > More money??? Yikes! Add the that the one big blunder I see: PDF | > format. | > Very slow format even with a broadband connection. It will be | > interesting to | > see how the pricing of the paper version fares next year. Somthing | > smells of | > increase at that end also. | > | > -Bill | > | > ----- Original Message ----- | > From: "Roger" | > To: | > Sent: Tuesday, August 20, 2002 8:08 PM | > Subject: [CANSLIM] eIBD | > | > > hi all, | > > | > > fyi, WON and friends recently announced the electronic version of | > IBD, | > called | > > eIBD. you can check it out at www.investors.com/eibdoffer/ | > > | > > however, given the annual subscription rate of 319$usd, which is | > almost | > 50% | > > more that the annual IBD subscription rate, i wonder how they can | > justify | > this? | > > | > > Roger Tawa | > > [One thing about paradigms: shift happens.] - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: [CANSLIM] Breakout Blues Date: 21 Aug 2002 17:40:44 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000B_01C24939.E0531520 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable To expand on the "are there too many Canslimers" out there, Here's what = I note is going on recently. Breakouts have been far less successful and = lasting than the bounce back of "oversold" stocks. WON has always = maintained that one of the reasons for purchasing a stock at a new high = is that there is no overhead supply to contend with. On the face of it = this argument makes sense. However, things seem to be a bit topsy-turvy = recently. It appears that on breakouts, you now get a tremendous amount = of what I'll call "underfoot" supply (vs. overhead, get it?). All the = Canslim folks and the pure technically oriented and/or momentum players = jump into the few breakouts we see and drive them up beyond the pivot = point. At the first hint of weakness (which for the paranoid may be = orchestrated by market makers or specialists), a few of the momentum = players sell, this begets further weakness until the pivot point is = violated and finally perhaps the 8% stop holdouts.=20 At the moment, it actually seems safer to purchase stocks bouncing back = from lower levels than to try and grab breakouts. Perhaps the rationale = is that when a stock quickly drops from 60 down to 20, those still in = the stock are so shell shocked they probably won't sell at all, and = would rather go down with the ship. When the stock starts to climb back, = these same people think. Hey, I didn't sell out at 20, so why dump it = now at 27. Let's hold on and see what happens.... This is not to advocate buy low/sell high bargain hunting, but just a = view of why CANSLIM may be a tough way to make money until we get lots = of daily breakouts and all the cash devoted to various forms of the = strategy gets spread out over a large group of stocks rather than the 4 = or 5 breakouts a day we see now. ------=_NextPart_000_000B_01C24939.E0531520 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
To expand on the "are there too = many=20 Canslimers" out there, Here's what I note is going on recently. = Breakouts have=20 been far less successful and lasting than the bounce back of "oversold" = stocks.=20 WON has always maintained that one of the reasons for purchasing a stock = at a=20 new high is that there is no overhead supply to contend with. On the = face of it=20 this argument makes sense. However, things seem to be a bit topsy-turvy=20 recently. It appears that on breakouts, you now get a tremendous amount = of what=20 I'll call "underfoot" supply (vs. overhead, get it?). All the = Canslim folks=20 and the pure technically oriented and/or momentum players jump into the = few=20 breakouts we see and drive them up beyond the pivot point. At the = first=20 hint of weakness (which for the paranoid may be orchestrated by market = makers or=20 specialists), a few of the momentum players sell, this begets further = weakness=20 until the pivot point is violated and finally perhaps the 8% stop = holdouts.=20
 
At the moment, it actually seems = safer to=20 purchase stocks bouncing back from lower levels than to try and grab = breakouts.=20 Perhaps the rationale is that when a stock quickly drops from 60 down to = 20,=20 those still in the stock are so shell shocked they probably won't sell = at all,=20 and would rather go down with the ship. When the stock starts to climb = back,=20 these same people think. Hey, I didn't sell out at 20, so why dump it = now at 27.=20 Let's hold on and see what happens....
 
This is not to advocate buy = low/sell high=20 bargain hunting, but just a view of why CANSLIM may be a tough way to = make money=20 until we get lots of daily breakouts and all the cash devoted to various = forms=20 of the strategy gets spread out over a large group of stocks rather than = the 4=20 or 5 breakouts a day we see now.
 
 
------=_NextPart_000_000B_01C24939.E0531520-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: [CANSLIM] MarketGuide Date: 21 Aug 2002 17:08:00 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00AF_01C24935.4F3A7280 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit There was a mention of Marketguide.com which is a great site (free too). I have experimented with a variety of different CANSLIM filters and have had some success as an additional screening method. Is there anyone out there in Canslimer land that would like to develop and exchange of efforts? Let me know. As an aside - how many on the list utilize Daily Graphs Online. What kind of screening (ie exporting to excel, access, etc) are you doing if you use DGO. Ed Gjertsen II ed@macktracks.com ------=_NextPart_000_00AF_01C24935.4F3A7280 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

There was a mention of = Marketguide.com which is a great site (free too).  I have experimented with a = variety of different CANSLIM filters and have had some success as an additional screening method.  Is there anyone out there in Canslimer = land that would like to develop and exchange of efforts?  Let me know.  =

 

As an aside – how many on = the list utilize Daily Graphs Online.  What kind of screening (ie exporting = to excel, access, etc) are you doing if you use DGO.

 

Ed Gjertsen II

ed@macktracks.com

=
------=_NextPart_000_00AF_01C24935.4F3A7280-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mendheart@aol.com Subject: Re: [CANSLIM] eIBD Date: 21 Aug 2002 18:10:27 EDT Katherine, Thanks for your usual insight. Hey, why don't you and Tom team up and start a firm to help us mental midgets. Regards, Denny - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] Fw: download sample [T2002082100C3] Date: 21 Aug 2002 19:43:36 -0400 Thought some might be interested in eIBD's reply to my inquiry. Ann ----- Original Message ----- Sent: Wednesday, August 21, 2002 10:39 AM Dear Ann Hollingworth, Thank you for your e-mail. The download time for eIBD will vary depending on the speed of your Internet connection. Broadband connections such as cable and DSL can download each file in less than a minute, while slower connections, such as 56k modems, can take much longer. The downloadable PDF files can vary in size from 9 MB to 17 MB. Regardless of the speed of your Internet connection, when downloaded, the complete file will appear the same. However, for your ease of use, it is strongly recommended to use a high-speed Internet service provider. We don't offer discounts for eIBD, since this product is currently only available to foreign subscribers. The electronic edition is not yet available for U.S. residents, however, a domestic version is currently in development. Do you have a friend or family member who might enjoy two FREE weeks of Investor's Business Daily? Sign them up today with no obligation and they will also receive an instructional CD-ROM and trial access to the subscriber-only features of investors.com absolutely free. Click the link below to take advantage of this offer: Sincerely, Eric Investor's Business Daily www.investors.com Sender : annholly@attbi.com Tracking Number : T2002082100C3Z1342937 Pool : eIBD Sent to : Date : 8/21/02 5:53 AM --- The Acrobat came through finally--just slow. But my question about the rates still stands. Thank you. Ann ----- Original Message ----- Sent: Wednesday, August 21, 2002 8:56 AM : I have Adobe Acrobat and use it all the time. However, I was unable to : download the sample. : : Also, you do not offer a special rate to people who already subscribe to the : print edition. Would the $319 be in addition to what I already pay for the : paper? : : Ann Hollingworth : 549-0865 : - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Robert Mansk" Subject: Re: [CANSLIM] Breakout Blues Date: 21 Aug 2002 20:54:33 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0055_01C24954.F405DA60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I was wondering if something else might be explaining the failure of = breakouts. One of the foundations of CANSLIM is that there are weak = hands and there are strong hands. What if the bear market we just went = through substantially reduced the number of weak hand out there? I know = a number of people who sold everything in July, thinking the Dow was = heading to 5000. Presumably, these people would be the weak hands.=20 If we lost enough of them, wouldn't that change the way stocks behaved = at the breakout? Is there anyone in the group who remembers a similar = action after other major market downturns? Bob ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 21, 2002 5:40 PM Subject: [CANSLIM] Breakout Blues To expand on the "are there too many Canslimers" out there, Here's = what I note is going on recently. Breakouts have been far less = successful and lasting than the bounce back of "oversold" stocks. WON = has always maintained that one of the reasons for purchasing a stock at = a new high is that there is no overhead supply to contend with. On the = face of it this argument makes sense. However, things seem to be a bit = topsy-turvy recently. It appears that on breakouts, you now get a = tremendous amount of what I'll call "underfoot" supply (vs. overhead, = get it?). All the Canslim folks and the pure technically oriented and/or = momentum players jump into the few breakouts we see and drive them up = beyond the pivot point. At the first hint of weakness (which for the = paranoid may be orchestrated by market makers or specialists), a few of = the momentum players sell, this begets further weakness until the pivot = point is violated and finally perhaps the 8% stop holdouts.=20 At the moment, it actually seems safer to purchase stocks bouncing = back from lower levels than to try and grab breakouts. Perhaps the = rationale is that when a stock quickly drops from 60 down to 20, those = still in the stock are so shell shocked they probably won't sell at all, = and would rather go down with the ship. When the stock starts to climb = back, these same people think. Hey, I didn't sell out at 20, so why dump = it now at 27. Let's hold on and see what happens.... This is not to advocate buy low/sell high bargain hunting, but just a = view of why CANSLIM may be a tough way to make money until we get lots = of daily breakouts and all the cash devoted to various forms of the = strategy gets spread out over a large group of stocks rather than the 4 = or 5 breakouts a day we see now. ------=_NextPart_000_0055_01C24954.F405DA60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I was wondering if something else might be explaining the failure of=20 breakouts. One of the foundations of CANSLIM is that there are weak = hands and=20 there are strong hands. What if the bear market we just went through=20 substantially reduced the number of weak hand out there? I know a number = of=20 people who sold everything in July, thinking the Dow was heading to = 5000.=20 Presumably, these people would be the weak hands.

If we lost enough of them, wouldn’t that change the way stocks = behaved at the=20 breakout? Is there anyone in the group who remembers a similar = action after=20 other major market downturns?

Bob

----- Original Message -----
From:=20 J. = Lobatto=20
Sent: Wednesday, August 21, = 2002 5:40=20 PM
Subject: [CANSLIM] Breakout = Blues

To expand on the "are there = too many=20 Canslimers" out there, Here's what I note is going on recently. = Breakouts have=20 been far less successful and lasting than the bounce back of = "oversold"=20 stocks. WON has always maintained that one of the reasons for = purchasing a=20 stock at a new high is that there is no overhead supply to contend = with. On=20 the face of it this argument makes sense. However, things seem to be a = bit=20 topsy-turvy recently. It appears that on breakouts, you now get a = tremendous=20 amount of what I'll call "underfoot" supply (vs. overhead, get = it?). All=20 the Canslim folks and the pure technically oriented and/or momentum = players=20 jump into the few breakouts we see and drive them up beyond the = pivot=20 point. At the first hint of weakness (which for the paranoid may be=20 orchestrated by market makers or specialists), a few of the momentum = players=20 sell, this begets further weakness until the pivot point is violated = and=20 finally perhaps the 8% stop holdouts.
 
At the moment, it actually = seems safer to=20 purchase stocks bouncing back from lower levels than to try and grab=20 breakouts. Perhaps the rationale is that when a stock quickly drops = from 60=20 down to 20, those still in the stock are so shell shocked they = probably won't=20 sell at all, and would rather go down with the ship. When the stock = starts to=20 climb back, these same people think. Hey, I didn't sell out at 20, so = why dump=20 it now at 27. Let's hold on and see what happens....
 
This is not to advocate buy = low/sell high=20 bargain hunting, but just a view of why CANSLIM may be a tough way to = make=20 money until we get lots of daily breakouts and all the cash devoted to = various=20 forms of the strategy gets spread out over a large group of stocks = rather than=20 the 4 or 5 breakouts a day we see now.
 
 
------=_NextPart_000_0055_01C24954.F405DA60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Swing Trading? & Greetings & A question Date: 21 Aug 2002 21:05:55 -0400 My plan is to do both. Presently I use hot stix.com for my swing trading. Their very good at it. Very simple format. I understand chart formations better than fundamentals. One can make more money in a bear and bottomed market, but not with CANSLIM. I will always swing trade. One system is not good. I will also practice CANSLIM and go long again when it's in vogue. That's why I keep abreast of what's cooking here. As far as needing a large chunk of capital, 2 grand gets one margined. Maybe some trouble too :) Paper trade till you get confident. DanF ----- Original Message ----- Sent: Wednesday, August 21, 2002 3:51 PM > Greets group. > > Long time lurker. Six months ago I knew absolutely nothing about the > markets. It's starting to sink in now. Jumped in head first and burned > through my free trades in no-time flat. I feel fortunate to only be > down about 20%. Didn't start with that much, so it's not _that_ > painfull. It was almost purely driven by emotion, and now that I got it > out of my system I am taking a slower, more analytical approach. > > This mailing list is chock-full of great information. I have learned > quite a bit via this list alone. > > I'm more into charts then fundamentals, my ultimate goal is to do some > shorter term trading. You need to have a sizable chunk of capital to do > this, in the interim I am studying up on CANSLIM and intermediate term > investing. Who knows, perhaps I'll learn to love fundamentals? :P > > I too have My Farley's book. I got almost 2 chapters in and I haven't > got back to it yet. It's most definitely a tough read. For some reason > it almost reminded me of Dr Suess talks Stock Markets. I am presently > reading HTMMIS. I will return to Master Swing Trader at some later > point, when I have more time and open it before it's dark outside. On > more than a few nights, that book put me out like a light. > > I have a decent understaning of the mechanics of business, and am > starting to grasp the mechanics of the market. One area which I'd like > to learn more about is the intersection of the two. Does anybody have > any websites that detail this interaction? Things like... > > - Other than the obvious benefit for acquisitions, stock options, > etc... What direct effect does a company's stock price have on the > company? > - Other than for investment purposes, why would a company buy back > stock? > - A quick overview of specialists? Who do they work for, their > interaction with the company/exchange, etc.. > > > Forgive me if these questions are off-topic or dumbish. I hope that one > day I'll be able to contribute something of substance. > > > > > > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Eric Jaenike > Sent: Wednesday, August 21, 2002 2:11 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Swing Trading? > > > I just started reading Alan Farley's book, The Master Swing Trader. As I > understand it, swing trading focuses on shorter term swings in the > market when the market/stock is trading in a nontrending/horizontal > fashion. That method focuses on buying at support and selling at > resistance. When the instrument in question then breaks from its current > trading range, the swing trader will then change tactics and switch to a > momentum trading style. > I have only read about 50 pages of his book, but so far have found it to > be one of the best investing books I have read. It is, however, very > advanced, very technical, and a slow read. > Eric > > Warren Keuffel wrote: > What, exactly, is swing trading? I understand day trading -- you are in > and out of a stock one or more times during a day, and don't hold > overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general, > depending on markets, etc. The term Swing Trading implies some kind of > back and forth action. For how long? What kind of buy/sell rules apply? > > Inquiring Minds Want To Know. > Thanks. > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > Do You Yahoo!? > HotJobs, a Yahoo! service - Search Thousands of New Jobs > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] GISX Date: 21 Aug 2002 21:13:52 -0400 John, I don't see what would drive it, fundies are not attractive to me. Latest earnings only up 13%, forecast for full year for only 6% growth, last two qtrs sales were down from prior year. ----- Original Message ----- Sent: Wednesday, August 21, 2002 1:27 PM Anybody else watching GISX? Looks like it's breaking out of its base under nice volume. John C. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] Breakout Blues Date: 21 Aug 2002 20:18:42 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0012_01C2494F.F18D79A0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Rule #1 - this is a money game. You need an "edge" to consistently make money in the markets. CANSLIM is an edge for disciplined investors. There are others out there who are very familiar with CANSLIM and "prey" upon canslimers. We have seen many times where a good CANSLIM candidate goes through a pivot (we buy) stock rallies (we're happy for the moment) then falls 9-10%, we sell, then turns right around and rallies past our sell point, then past the pivot point and onward to new highs. This is especially true with smaller cap companies. These are tough times and market makers, small hedge funds, swing and day traders need something to subsist on. Some dine on disciplined canslimers who sell out at 8% stop losses. There is no secret to where these points are. Rule #2 - the failure of breakouts is a great indicator of what may be ahead for the market. We have spun our wheels several times this year buying breakouts in bunches only to sell out weeks later. Should we see today's breakouts start to fail, I will be looking at shorting the QQQ, SPY and DIA for the "new bull" has not arrived yet. I believe WON placed full page ads in May that said the bottom was in and that the follow through was here - not. Always let the market speak to you. Even WON is fallible. The key is when you are wrong - be disciplined and sell. Ed Gjertsen II ed@macktracks.com ------=_NextPart_000_0012_01C2494F.F18D79A0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Rule #1 – this is a money = game.  You need an “edge” to consistently make money in the = markets.  CANSLIM is an edge for disciplined investors.  There are others out = there who are very familiar with CANSLIM and “prey” upon = canslimers.  We have seen many times where a good CANSLIM candidate goes through a = pivot (we buy) stock rallies (we’re happy for the moment) then falls 9-10%, = we sell, then turns right around and rallies past our sell point, then past = the pivot point and onward to new highs.  This is especially true with = smaller cap companies.  These are tough times and market makers, small = hedge funds, swing and day traders need something to subsist on. Some dine on disciplined canslimers who sell out at 8% stop losses.  There is no = secret to where these points are.

 

Rule #2 – the failure of = breakouts is a great indicator of what may be ahead for the market.  We have = spun our wheels several times this year buying breakouts in bunches only to sell = out weeks later.  Should we see today’s breakouts start to fail, = I will be looking at shorting the QQQ, SPY and DIA for the “new = bull” has not arrived yet.  I believe WON placed full page ads in May that = said the bottom was in and that the follow through was here – not.  = Always let the market speak to you.  Even WON is fallible.  The key = is when you are wrong – be disciplined and sell.

 

Ed Gjertsen II

ed@macktracks.com

=
------=_NextPart_000_0012_01C2494F.F18D79A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] The effect of expiring options Date: 21 Aug 2002 21:26:23 -0400 Kelly, I am not aware of options contract trading having any meaningful effect on the price of the underlying stock. If you have any specific examples, I would be interested in learning more. Usually it will be the other way around. The only specific situation I can think of is right at expiration, you might get some large holders of options contracts trying to nudge the stock price slightly higher or lower in order to have it close on Friday expiration above or below the strike price. ----- Original Message ----- Sent: Wednesday, August 21, 2002 2:50 PM Someone has mentioned previously that stocks will sometimes experience a short term move upward because of option holders selling off their soon-to-expire option contracts. Can someone please provide more information on this topic or point me to a good source of information to understand this phenomenon more clearly? Kelly - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] eIBD Date: 21 Aug 2002 21:43:30 -0400 check back as soon as they increase the day to 30 hours or more ----- Original Message ----- Sent: Wednesday, August 21, 2002 6:10 PM Katherine, Thanks for your usual insight. Hey, why don't you and Tom team up and start a firm to help us mental midgets. Regards, Denny - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Breakout Blues Date: 21 Aug 2002 22:38:27 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_01F7_01C24963.77BE8600 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I hadn't really given much thought to this recently, but thinking back = over past six weeks or so, it seems to me that I see far fewer posts = here talking about how they were shaken out of b/o after b/o, certainly = nothing like the commentary earlier this year. Don't know if it means = members finally learned what "stay in cash" really means, and haven't = been forcing the situation. Or if it means that b/o are simply not = failing as badly or as fast as we were seeing earlier this year. I wish someone would develop an "M" meter that was consistent and = accurate. Then we wouldn't have to try to put the pieces together like a = jigsaw puzzle, and guess whether it is improving or declining. Maybe do = it like a traffic light, red yellow and green. The change from red to = yellow, or green to yellow, would signal direction. ----- Original Message -----=20 Sent: Wednesday, August 21, 2002 5:40 PM To expand on the "are there too many Canslimers" out there, Here's what = I note is going on recently. Breakouts have been far less successful and = lasting than the bounce back of "oversold" stocks. WON has always = maintained that one of the reasons for purchasing a stock at a new high = is that there is no overhead supply to contend with. On the face of it = this argument makes sense. However, things seem to be a bit topsy-turvy = recently. It appears that on breakouts, you now get a tremendous amount = of what I'll call "underfoot" supply (vs. overhead, get it?). All the = Canslim folks and the pure technically oriented and/or momentum players = jump into the few breakouts we see and drive them up beyond the pivot = point. At the first hint of weakness (which for the paranoid may be = orchestrated by market makers or specialists), a few of the momentum = players sell, this begets further weakness until the pivot point is = violated and finally perhaps the 8% stop holdouts.=20 At the moment, it actually seems safer to purchase stocks bouncing back = from lower levels than to try and grab breakouts. Perhaps the rationale = is that when a stock quickly drops from 60 down to 20, those still in = the stock are so shell shocked they probably won't sell at all, and = would rather go down with the ship. When the stock starts to climb back, = these same people think. Hey, I didn't sell out at 20, so why dump it = now at 27. Let's hold on and see what happens.... This is not to advocate buy low/sell high bargain hunting, but just a = view of why CANSLIM may be a tough way to make money until we get lots = of daily breakouts and all the cash devoted to various forms of the = strategy gets spread out over a large group of stocks rather than the 4 = or 5 breakouts a day we see now. ------=_NextPart_000_01F7_01C24963.77BE8600 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I hadn't really given much thought to this = recently, but=20 thinking back over past six weeks or so, it seems to me that I see far = fewer=20 posts here talking about how they were shaken out of b/o after b/o, = certainly=20 nothing like the commentary earlier this year. Don't know if it means = members=20 finally learned what "stay in cash" really means, and haven't been = forcing the=20 situation. Or if it means that b/o are simply not failing as badly or as = fast as=20 we were seeing earlier this year.
 
I wish someone would develop an "M" meter that = was=20 consistent and accurate. Then we wouldn't have to try to put the pieces = together=20 like a jigsaw puzzle, and guess whether it is improving or declining. = Maybe do=20 it like a traffic light, red yellow and green. The change from red to = yellow, or=20 green to yellow, would signal direction.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Wednesday, August 21, 2002 5:40 PM
Subject: [CANSLIM] Breakout Blues

To expand on the "are there too = many=20 Canslimers" out there, Here's what I note is going on recently. = Breakouts have=20 been far less successful and lasting than the bounce back of "oversold" = stocks.=20 WON has always maintained that one of the reasons for purchasing a stock = at a=20 new high is that there is no overhead supply to contend with. On the = face of it=20 this argument makes sense. However, things seem to be a bit topsy-turvy=20 recently. It appears that on breakouts, you now get a tremendous amount = of what=20 I'll call "underfoot" supply (vs. overhead, get it?). All the = Canslim folks=20 and the pure technically oriented and/or momentum players jump into the = few=20 breakouts we see and drive them up beyond the pivot point. At the = first=20 hint of weakness (which for the paranoid may be orchestrated by market = makers or=20 specialists), a few of the momentum players sell, this begets further = weakness=20 until the pivot point is violated and finally perhaps the 8% stop = holdouts.=20
 
At the moment, it actually seems = safer to=20 purchase stocks bouncing back from lower levels than to try and grab = breakouts.=20 Perhaps the rationale is that when a stock quickly drops from 60 down to = 20,=20 those still in the stock are so shell shocked they probably won't sell = at all,=20 and would rather go down with the ship. When the stock starts to climb = back,=20 these same people think. Hey, I didn't sell out at 20, so why dump it = now at 27.=20 Let's hold on and see what happens....
 
This is not to advocate buy = low/sell high=20 bargain hunting, but just a view of why CANSLIM may be a tough way to = make money=20 until we get lots of daily breakouts and all the cash devoted to various = forms=20 of the strategy gets spread out over a large group of stocks rather than = the 4=20 or 5 breakouts a day we see now.
 
 
------=_NextPart_000_01F7_01C24963.77BE8600-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Swing Trading? & Greetings & A question Date: 21 Aug 2002 23:41:21 -0400 Hi Jeff, and welcome to the group, glad to see another lurker come out into the open and introduce himself. You must be a fast student if you go from knowing nothing about the markets to actual investing in such a short time period. As for your questions, if a company is using stock to pay for acquisitions, they at least want the appearance that their stock is strong. Otherwise, the acquired company will demand more favorable terms. Why would a company buy back its own stock? Bottom line is that they consider it so undervalued that it represents a good investment to them. Of course, I am also cynical enough to believe that corp insiders, with lots of stock options, or even stock, want the price supported. If the purchased shares are retired, it reduces both the float and the total issue, and increases earnings. If the shares are placed in Treasury, they can be used for employee stock option plans, or as currency of tender for a future acquisition. I will let someone else with first hand experience with floor specialists comment on your third question. ----- Original Message ----- Sent: Wednesday, August 21, 2002 3:51 PM Greets group. Long time lurker. Six months ago I knew absolutely nothing about the markets. It's starting to sink in now. Jumped in head first and burned through my free trades in no-time flat. I feel fortunate to only be down about 20%. Didn't start with that much, so it's not _that_ painfull. It was almost purely driven by emotion, and now that I got it out of my system I am taking a slower, more analytical approach. This mailing list is chock-full of great information. I have learned quite a bit via this list alone. I'm more into charts then fundamentals, my ultimate goal is to do some shorter term trading. You need to have a sizable chunk of capital to do this, in the interim I am studying up on CANSLIM and intermediate term investing. Who knows, perhaps I'll learn to love fundamentals? :P I too have My Farley's book. I got almost 2 chapters in and I haven't got back to it yet. It's most definitely a tough read. For some reason it almost reminded me of Dr Suess talks Stock Markets. I am presently reading HTMMIS. I will return to Master Swing Trader at some later point, when I have more time and open it before it's dark outside. On more than a few nights, that book put me out like a light. I have a decent understaning of the mechanics of business, and am starting to grasp the mechanics of the market. One area which I'd like to learn more about is the intersection of the two. Does anybody have any websites that detail this interaction? Things like... - Other than the obvious benefit for acquisitions, stock options, etc... What direct effect does a company's stock price have on the company? - Other than for investment purposes, why would a company buy back stock? - A quick overview of specialists? Who do they work for, their interaction with the company/exchange, etc.. Forgive me if these questions are off-topic or dumbish. I hope that one day I'll be able to contribute something of substance. -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Eric Jaenike Sent: Wednesday, August 21, 2002 2:11 PM I just started reading Alan Farley's book, The Master Swing Trader. As I understand it, swing trading focuses on shorter term swings in the market when the market/stock is trading in a nontrending/horizontal fashion. That method focuses on buying at support and selling at resistance. When the instrument in question then breaks from its current trading range, the swing trader will then change tactics and switch to a momentum trading style. I have only read about 50 pages of his book, but so far have found it to be one of the best investing books I have read. It is, however, very advanced, very technical, and a slow read. Eric Warren Keuffel wrote: What, exactly, is swing trading? I understand day trading -- you are in and out of a stock one or more times during a day, and don't hold overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general, depending on markets, etc. The term Swing Trading implies some kind of back and forth action. For how long? What kind of buy/sell rules apply? Inquiring Minds Want To Know. Thanks. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Vanchee1@aol.com Subject: [CANSLIM] Current holdings Date: 21 Aug 2002 23:46:28 EDT --part1_132.12c3c98c.2a95b894_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hey canslimers, been a while since I posted my holding, so here we go. I haven't been trading this market much, not many buys popping up, but I have stayed fully invested and have managed to squeeze out about 20% so far this year. CVH 99/95, my newest addition a couple weeks ago, we all know about this one. FDP 83/97, expect to see a new high real soon, maybe this week. INVN 81/99, looking better everyday. MTEC 81/97, earnings will be out Sept. 18 PRX 81/77, should fly once its breaks 30. DOL 76/63, this one is really starting to disappoint me, will be the first one to trade in once I see something better. DLI 74/88, all I would like to see now is some good volume. KTEC 60/97 my low priced stock, last two earning have been great, if they keep it up this will be an easy 5 bagger. That all folks, these are just my holdings for others to see what this one investor is invested in. I do not recommend any stocks, and expect ALL investors to do their on research to see what fits their own style. --part1_132.12c3c98c.2a95b894_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hey canslimers, been a while since I posted my holding, so here we go. I haven't been trading this market much, not many buys popping up, but I have stayed fully invested and have managed to squeeze out about 20% so far this year.

CVH 99/95, my newest addition a couple weeks ago, we all know about this one.

FDP 83/97, expect to see a new high real soon, maybe this week.

INVN 81/99, looking better everyday.

MTEC 81/97, earnings will be out Sept. 18

PRX 81/77, should fly once its breaks 30.

DOL 76/63, this one is really starting to disappoint me, will be the first one to trade in once I see something better.

DLI 74/88, all I would like to see now is some good volume.

KTEC 60/97 my low priced stock, last two earning have been great, if they keep it up this will be an easy 5 bagger.

That all folks, these are just my holdings for others to see what this one investor is invested in. I do not recommend any stocks, and expect ALL investors to do their on research to see what fits their own style. --part1_132.12c3c98c.2a95b894_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Breakout Blues Date: 22 Aug 2002 03:08:38 EDT --part1_ac.2c3898f2.2a95e7f6_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Greetings All, The discussion of Breakouts deals with the one issue I have always had with CANSLIM (and that *does* mean that I enthusiastically embrace the rest of it), and that's buying only on this specific pattern and its variants. In my humble opinion there is a proper time to use this technique, and that's when the smart money is pouring into these stocks and there is enough of this going on that it overwhelms any short term trading interests. (This is the stage mentioned earlier when the swing trader transitions to momentum.) That is why volume is so important on Breakouts. You're intelligently riding the stampede at those times. Times like the current environment retain the memory of all the failed breakouts from earlier in the year and create alot of uncertainty. In retrospect, those earlier failures were influenced by the fact that the Market was in the process of topping off the September - January rally. Breakouts are bound to fail when M is doing this. In fact that's a confirming indicator of a downturn, in my book, just luck IBD's search for succeeding Breakouts is validation for a new uptrend. The question right now is which environment are we in? We see lots of "proper" signals to identify at least an intermediate uptrend; be they higher highs/higher lows, breadth, volume being heavier on up days, good stocks forming bases or breaking out and holding, etc. But the overall volume seems to lack conviction. The fact that there is enough hesitation both ways, while stocks continue to climb, makes me believe we are going up for at least another couple of weeks. I remember having this same feeling in late September '01 thinking that the Market seemed to be saying to get in but my emotions were listening to all the arguments against it, backed mostly by opinion. (And yes I'm aware of the irony as I'm giving my opinion.) Back to the mechanics of the failed breakouts. I think there are swing traders who play those breakouts exactly contrary to CANSLIMmers during times of weakness in the Market. They buy the bottom of the handles as the trading dries up in anticipation of the eventual move. If they're dead wrong their stops are just underneath the lows of the handle, so losses are minor. If they're partly wrong they sell as soon as evidence shows the pivot point resistance is going to hold. If they're right, they sell to the CANSLIMmers' buying of the Breakout as the candle prints start expanding. What they've gained is the move from bottom of the handle to above the pivot point in probably a day to three's time; plus they've sold into excellent liquidity, namely CANSLIMmers jumping on the Breakout. At this point all that's happened is that the trader bought up shares in anticipation of the move, the move happens and CANSLIM buys what the traders held, then there's nobody left to buy so the move breaks down. Other swing traders don't anticipate, they wait to see the moved confirmed and buy after the stock's first retest of the pivot point, or even the lows of the base. The bounce back from *that* is where maybe the swingers become mo-mos and help the move ultimately succeed. Of course if the Market's falling apart, you'd only have the swingers taking advantage of inexperienced buyers chasing breakouts in a sick Market. Something none of us do here :)) In a newly healthy Market, when the true leaders of tomorrow start to exert their dominance, then I have no doubt CANSLIM Breakouts work exactly as WON describes. That brings about another point. I wonder if it's possible to exercise a true CANSLIM discipline right now anyway, as the types of Leaders WON describes typically would not have surfaced in such close proximity to a major Bear like this one; although that's speculation on my part that others may refute. Instead I think what we are mostly doing is using CANSLIM to find the best stocks this Market has to give, but not the classic early Bull Leaders yet. What I find encouraging with this group is that there are several people adapting to these Market conditions and buying before the Breakouts. I may be way off base, but I think that's recognizing and adapting to the competition. There is a certain, well-respected small cap guru here who I believe has done this for a long while and who seems to do this especially well, by what I've seen. In this Market, I think it just may require these kinds of adjustments. But I also do believe the eventual Bull will make a genius out of WON and C&H Breakouts once again. Anyway, that's my take on things. FWIW. Good investing All, What I find encouraging with this group is that there's the rumblings of those looking Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com --part1_ac.2c3898f2.2a95e7f6_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Greetings All,

The discussion of Breakouts deals with the one issue I have always had with CANSLIM (and that *does* mean that I enthusiastically embrace the rest of it), and that's buying only on this specific pattern and its variants. In my humble opinion there is a proper time to use this technique, and that's when the smart money is pouring into these stocks and there is enough of this going on that it overwhelms any short term trading interests. (This is the stage mentioned earlier when the swing trader transitions to momentum.) That is why volume is so important on Breakouts. You're intelligently riding the stampede at those times. Times like the current environment retain the memory of all the failed breakouts from earlier in the year and create alot of uncertainty. In retrospect, those earlier failures were influenced by the fact that the Market was in the process of topping off the September - January rally. Breakouts are bound to fail when M is doing this. In fact that's a confirming indicator of a downturn, in my book, just luck IBD's search for succeeding Breakouts is validation for a new uptrend. The question right now is which environment are we in? We see lots of "proper" signals to identify at least an intermediate uptrend; be they higher highs/higher lows, breadth, volume being heavier on up days, good stocks forming bases or breaking out and holding, etc. But the overall volume seems to lack conviction. The fact that there is enough hesitation both ways, while stocks continue to climb, makes me believe we are going up for at least another couple of weeks. I remember having this same feeling in late September '01 thinking that the Market seemed to be saying to get in but my emotions were listening to all the arguments against it, backed mostly by opinion. (And yes I'm aware of the irony as I'm giving my opinion.)

Back to the mechanics of the failed breakouts. I think there are swing traders who play those breakouts exactly contrary to CANSLIMmers during times of weakness in the Market. They buy the bottom of the handles as the trading dries up in anticipation of the eventual move. If they're dead wrong their stops are just underneath the lows of the handle, so losses are minor. If they're partly wrong they sell as soon as evidence shows the pivot point resistance is going to hold. If they're right, they sell to the CANSLIMmers' buying of the Breakout as the candle prints start expanding. What they've gained is the move from bottom of the handle to above the pivot point in probably a day to three's time; plus they've sold into excellent liquidity, namely CANSLIMmers jumping on the Breakout. At this point all that's happened is that the trader bought up shares in anticipation of the move, the move happens and CANSLIM buys what the traders held, then there's nobody left to buy so the move breaks down.

Other swing traders don't anticipate, they wait to see the moved confirmed and buy after the stock's first retest of the pivot point, or even the lows of the base. The bounce back from *that* is where maybe the swingers become mo-mos and help the move ultimately succeed. Of course if the Market's falling apart, you'd only have the swingers taking advantage of inexperienced buyers chasing breakouts in a sick Market. Something none of us do here :)) In a newly healthy Market, when the true leaders of tomorrow start to exert their dominance, then I have no doubt CANSLIM Breakouts work exactly as WON describes.

That brings about another point. I wonder if it's possible to exercise a true CANSLIM discipline right now anyway, as the types of Leaders WON describes typically would not have surfaced in such close proximity to a major Bear like this one; although that's speculation on my part that others may refute. Instead I think what we are mostly doing is using CANSLIM to find the best stocks this Market has to give, but not the classic early Bull Leaders yet.

What I find encouraging with this group is that there are several people adapting to these Market conditions and buying before the Breakouts. I may be way off base, but I think that's recognizing and adapting to the competition. There is a certain, well-respected small cap guru here who I believe has done this for a long while and who seems to do this especially well, by what I've seen. In this Market, I think it just may require these kinds of adjustments. But I also do believe the eventual Bull will make a genius out of WON and C&H Breakouts once again.

Anyway, that's my take on things. FWIW.

Good investing All,

What I find encouraging with this group is that there's the rumblings of those looking

Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com --part1_ac.2c3898f2.2a95e7f6_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Curt Corley" Subject: [CANSLIM] The ultimate "M" meter Date: 22 Aug 2002 02:16:58 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0001_01C24981.FFAE0A40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I=92ve been lurking here for a few days, and I would like to put in my = two cents=92 worth about the question of whether we=92re in a bull or a bear market. I=92d also like to give my personal opinion of what the = ultimate =93M=94 meter is. But first, I want to get some definitions down to = make sure we=92re speaking the same language here. I will use the = definitions that are put forth by the Dow Theory and which, IMHO, are best described in the book =93Technical Analysis of Stock Trends=94 by by Robert D. Edwards, John Magee, W. H. C. Bassetti (Editor). =20 =20 What=92s a bull/bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D In =93TA of Stock Trends,=94 the authors state that a primary trend is = the general direction of price movement over a year or more. A bull market is a primary trend containing higher highs and higher lows in price. A bear market is a primary trend containing lower highs and lower lows in price. Within the primary trend are secondary trends. Secondary trends last from 3 weeks to many months, and they do not (repeat not) qualify as bear or bull markets. The secondary trends are merely the corrections within a bull market and the rallies within a bear markets. In addition to the primary and secondary trends, there are minor trends that usually last less than 6 days and rarely as long as 3 weeks, but they are of little importance here. The main thing that I would like to get across is this: Using the definitions just described, you can=92t talk about bear and bull markets unless you=92re talking about a time frame of about a year. =20 What do we use for an =93M=94 Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Now that the definitions are out of the way, we can talk about how to get in and out of bull markets easily using our =93M=94 meter. If = you=92re having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might try CANSLIM=92ing during a rally within the bear market. You can use = our =93M=94 meter to detect rallies as well. The =93M=94 meter is so simple = that I feel like a few of you are not going to believe me and will tell me to pack sand =96 but, oh well, here it goes. The =93M=94 meters are moving averages. =20 For a good explanation as to why this works, visit http://www.401k-maximizer.com/. =20 =20 How do we use the =93M=94 Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D The index you choose to graph will depend on the kind of security = you=92re investing in. For general growth stocks, the QQQ ticker symbol (NASDAQ) is a good one to use. For especially small cap growth stocks, you can choose one of the Russell indexes, such as the Russell 2000. To get a feel for whether you=92re in a bull/bear market, plot the index against = a 200-day moving average. To get a feel for whether you=92re in a rally/correction, plot the index against a 50-day moving average. The reasons we choose a 200-day average for bear/bull =93M=94 indicator are because it is: (1) a length of time that approximates the number of trading days in one year =96 the minimum time frame for a bull/bear market, and (2) it is an indicator that is highly watched by many elephants. The reasons we choose a 50-day average for the rally/correction =93M=94 indicator are fairly the same: (1) it=92s a = highly watched indicator, (2) it is a time frame that makes a good compromise between getting you in and out of a rally without whipsawing you in and out. =20 Defense of the =93M=94 Meter =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Try plotting a 3-year graph of QQQ against a 200-day EMA moving average. Imagine yourself getting in on that market when the prices crossed above the 200-day MA and getting out of the market when the prices crossed below the 200-day MA. You might have gotten whip-sawed 3 or 4 times between April and September of 2000 (allowing you to participate in the rallies of June and August). But you would have stayed out of the bear market since September. =20 Are we still in a bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Truth is: nobody knows yet, because enough time hasn=92t passed. = That=92s the way it goes. In a reversal like this, you never know whether it=92s rally or the start of a new bull market until enough time has passed (like the saying goes: Hindsight is 20/20). But whether we=92re truly = in a bull market or bear market is irrelevant to me. All I care about is our meter. And the meter says this. Yesterday (Aug. 21) QQQ finally crossed above the 50-day EMA, but it=92s still a long way from reaching the 200-day EMA. I might get into stocks slowly and cautiously right now, but I=92m certainly not ready to jump in with both feet. =20 -- Curt ------=_NextPart_000_0001_01C24981.FFAE0A40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I’ve been lurking here for a few days, and I = would like to put in my two cents’ worth about the question of whether = we’re in a bull or a bear market.=A0 = I’d also like to give my personal opinion of what the ultimate = “M” meter is.=A0 But first, I want = to get some definitions down to make sure we’re speaking the same language = here.=A0 I will use the definitions that = are put forth by the Dow Theory and which, IMHO, are best described in the book = “Technical Analysis of Stock Trends” by by Robert D. Edwards, John Magee, W. H. C. Bassetti = (Editor).=A0

 

What’s a bull/bear = market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D

In “TA of Stock Trends,” the authors = state that a primary trend is the general direction of price movement over a year or more.=A0 A bull market is a = primary trend containing higher highs and higher lows in price.=A0 A bear market is a primary trend = containing lower highs and lower lows in price.=A0 = Within the primary trend are secondary trends.=A0 Secondary trends last from 3 weeks to many months, and they do not (repeat not) = qualify as bear or bull markets.=A0 The = secondary trends are merely the corrections within a bull market and the rallies = within a bear markets.=A0 In addition to = the primary and secondary trends, there are minor trends that usually last less than = 6 days and rarely as long as 3 weeks, but they are of little importance = here.=A0 The main thing that I would like = to get across is this:=A0 Using the = definitions just described, you can’t talk about bear and bull markets unless = you’re talking about a time frame of about a year.

 

What do we use for an “M” = Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D

Now that the definitions are out of the way, we can = talk about how to get in and out of bull markets easily using our = “M” meter.=A0 If you’re having = CWs (i.e., CANSLIM Withdrawals) during a bear = market, you might try CANSLIM’ing during a rally = within the bear market.=A0 You can use our = “M” meter to detect rallies as well. =A0The “M” meter is so simple that I feel like a few of you are not going to = believe me and will tell me to pack sand – but, oh well, here it goes.=A0 The “M” meters are = moving averages.=A0 =

For a good explanation as to why this works, visit http://www.401k-maximizer.com/. =A0=A0=A0

 

How do we use the “M” = Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D

The index you choose to graph will depend on the kind = of security you’re investing in.=A0 = For general growth stocks, the QQQ ticker symbol (NASDAQ) is a good one to use.=A0 For especially small cap growth = stocks, you can choose one of the Russell indexes, such as the Russell 2000.=A0 To get a feel for whether = you’re in a bull/bear market, plot the index against a 200-day moving average.=A0 To get a feel for whether = you’re in a rally/correction, plot the index against a 50-day moving average.=A0 The reasons we choose a 200-day = average for bear/bull “M” indicator are because it is: (1) a length of = time that approximates the number of trading days in one year – the = minimum time frame for a bull/bear market, and (2) it is an indicator that is = highly watched by many elephants.=A0 = The reasons we choose a 50-day average for the rally/correction “M” = indicator are fairly the same: (1) it’s a highly watched indicator, (2) it is a = time frame that makes a good compromise between getting you in and out of a = rally without whipsawing you in and out.

 

Defense of the “M” = Meter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=

Try plotting a 3-year graph of QQQ against a 200-day = EMA moving average. =A0Imagine yourself getting in on that market when the prices = crossed above the 200-day MA and getting out of the market when the prices = crossed below the 200-day MA. You might have gotten whip-sawed 3 or 4 times = between April and September of 2000 (allowing you to participate in the rallies = of June and August).=A0 But you would = have stayed out of the bear market since September.

 

Are we still in a bear = market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D

Truth is: nobody knows yet, because enough time = hasn’t passed. That’s the way it goes.=A0 In a reversal like this, you never know whether it’s rally or the start of a new bull market until enough time has passed = (like the saying goes: Hindsight is 20/20).=A0 = But whether we’re truly in a bull market or bear market is irrelevant to = me.=A0 All I care about is our = meter.=A0 And the meter says this.=A0 Yesterday (Aug. 21) QQQ finally = crossed above the 50-day EMA, but it’s still a long way from reaching the = 200-day EMA.=A0 I might get into stocks slowly and = cautiously right now, but I’m certainly not ready to jump in with both = feet.

 

-- Curt

------=_NextPart_000_0001_01C24981.FFAE0A40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] The ultimate "M" meter Date: 22 Aug 2002 07:27:41 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0022_01C249AD.662CB110 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Curt, if you had lurked here more than a few days, you might have caught = the fact that commercial solicitation is prohibited. If that's not what you intended, then I suggest you introduce yourself = and tell us why you have joined our group. ----- Original Message -----=20 Sent: Thursday, August 22, 2002 3:16 AM I've been lurking here for a few days, and I would like to put in my two = cents' worth about the question of whether we're in a bull or a bear = market. I'd also like to give my personal opinion of what the ultimate = "M" meter is. But first, I want to get some definitions down to make = sure we're speaking the same language here. I will use the definitions = that are put forth by the Dow Theory and which, IMHO, are best described = in the book "Technical Analysis of Stock Trends" by by Robert D. = Edwards, John Magee, W. H. C. Bassetti (Editor). =20 =20 What's a bull/bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D In "TA of Stock Trends," the authors state that a primary trend is the = general direction of price movement over a year or more. A bull market = is a primary trend containing higher highs and higher lows in price. A = bear market is a primary trend containing lower highs and lower lows in = price. Within the primary trend are secondary trends. Secondary trends = last from 3 weeks to many months, and they do not (repeat not) qualify = as bear or bull markets. The secondary trends are merely the = corrections within a bull market and the rallies within a bear markets. = In addition to the primary and secondary trends, there are minor trends = that usually last less than 6 days and rarely as long as 3 weeks, but = they are of little importance here. The main thing that I would like to = get across is this: Using the definitions just described, you can't = talk about bear and bull markets unless you're talking about a time = frame of about a year. =20 What do we use for an "M" Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Now that the definitions are out of the way, we can talk about how to = get in and out of bull markets easily using our "M" meter. If you're = having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might = try CANSLIM'ing during a rally within the bear market. You can use our = "M" meter to detect rallies as well. The "M" meter is so simple that I = feel like a few of you are not going to believe me and will tell me to = pack sand - but, oh well, here it goes. The "M" meters are moving = averages. =20 For a good explanation as to why this works, visit = http://www.401k-maximizer.com/. =20 =20 How do we use the "M" Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D The index you choose to graph will depend on the kind of security you're = investing in. For general growth stocks, the QQQ ticker symbol (NASDAQ) = is a good one to use. For especially small cap growth stocks, you can = choose one of the Russell indexes, such as the Russell 2000. To get a = feel for whether you're in a bull/bear market, plot the index against a = 200-day moving average. To get a feel for whether you're in a = rally/correction, plot the index against a 50-day moving average. The = reasons we choose a 200-day average for bear/bull "M" indicator are = because it is: (1) a length of time that approximates the number of = trading days in one year - the minimum time frame for a bull/bear = market, and (2) it is an indicator that is highly watched by many = elephants. The reasons we choose a 50-day average for the = rally/correction "M" indicator are fairly the same: (1) it's a highly = watched indicator, (2) it is a time frame that makes a good compromise = between getting you in and out of a rally without whipsawing you in and = out. =20 Defense of the "M" Meter =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Try plotting a 3-year graph of QQQ against a 200-day EMA moving average. = Imagine yourself getting in on that market when the prices crossed = above the 200-day MA and getting out of the market when the prices = crossed below the 200-day MA. You might have gotten whip-sawed 3 or 4 = times between April and September of 2000 (allowing you to participate = in the rallies of June and August). But you would have stayed out of = the bear market since September. =20 Are we still in a bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Truth is: nobody knows yet, because enough time hasn't passed. That's = the way it goes. In a reversal like this, you never know whether it's = rally or the start of a new bull market until enough time has passed = (like the saying goes: Hindsight is 20/20). But whether we're truly in = a bull market or bear market is irrelevant to me. All I care about is = our meter. And the meter says this. Yesterday (Aug. 21) QQQ finally = crossed above the 50-day EMA, but it's still a long way from reaching = the 200-day EMA. I might get into stocks slowly and cautiously right = now, but I'm certainly not ready to jump in with both feet. =20 -- Curt ------=_NextPart_000_0022_01C249AD.662CB110 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Curt, if you had lurked here more than a few = days, you=20 might have caught the fact that commercial solicitation is=20 prohibited.
 
If that's not what you intended, then I suggest = you=20 introduce yourself and tell us why you have joined our = group.
 
----- Original Message -----=20
Sent: Thursday, August 22, 2002 3:16 AM
Subject: [CANSLIM] The ultimate "M" meter

I=92ve been lurking here = for a few=20 days, and I would like to put in my two cents=92 worth about the = question of=20 whether we=92re in a bull or a bear market. =20 I=92d also like to give my personal opinion of what the ultimate = =93M=94 meter=20 is.  But first, I want to = get some=20 definitions down to make sure we=92re speaking the same language = here.  I will use the definitions = that are put=20 forth by the Dow Theory and which, IMHO, are best described in the book=20 =93Technical Analysis of Stock Trends=94 by by Robert = D. Edwards, John=20 Magee, W.=20 H. C. Bassetti = (Editor). 

 

What=92s a bull/bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

In =93TA of Stock = Trends,=94 the authors=20 state that a primary trend is the general direction of price movement = over a=20 year or more.  A bull = market is a=20 primary trend containing higher highs and higher lows in price.  A bear market is a primary = trend=20 containing lower highs and lower lows in price.  Within the primary trend are = secondary=20 trends.  Secondary trends = last from=20 3 weeks to many months, and they do not (repeat not) qualify as bear or = bull=20 markets.  The secondary = trends are=20 merely the corrections within a bull market and the rallies within a = bear=20 markets.  In addition to = the primary=20 and secondary trends, there are minor trends that usually last less than = 6 days=20 and rarely as long as 3 weeks, but they are of little importance = here.  The main thing that I would = like to get=20 across is this:  Using the = definitions just described, you can=92t talk about bear and bull markets = unless=20 you=92re talking about a time frame of about a = year.

 

What do we use for an = =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D

Now that the definitions = are out of=20 the way, we can talk about how to get in and out of bull markets easily = using=20 our =93M=94 meter.  If = you=92re having=20 CWs (i.e., CANSLIM Withdrawals) during a = bear market,=20 you might try CANSLIM=92ing during a rally = within the=20 bear market.  You can use = our =93M=94=20 meter to detect rallies as well.  The =93M=94 meter is so simple = that I feel=20 like a few of you are not going to believe me and will tell me to pack = sand =96=20 but, oh well, here it goes.  = The =93M=94=20 meters are moving averages. =20

For a good explanation as = to why=20 this works, visit http://www.401k-maximizer.com/.    

 

How do we use the =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

The index you choose to = graph will=20 depend on the kind of security you=92re investing in.  For general growth stocks, the = QQQ=20 ticker symbol (NASDAQ) is a good one to use.  For especially small cap = growth stocks,=20 you can choose one of the Russell indexes, such as the Russell = 2000.  To get a feel for whether = you=92re in a=20 bull/bear market, plot the index against a 200-day moving average.  To get a feel for whether = you=92re in a=20 rally/correction, plot the index against a 50-day moving average.  The reasons we choose a = 200-day average=20 for bear/bull =93M=94 indicator are because it is: (1) a length of time = that=20 approximates the number of trading days in one year =96 the minimum time = frame for=20 a bull/bear market, and (2) it is an indicator that is highly watched by = many=20 elephants.  The reasons we = choose a=20 50-day average for the rally/correction =93M=94 indicator are fairly the = same: (1)=20 it=92s a highly watched indicator, (2) it is a time frame that makes a = good=20 compromise between getting you in and out of a rally without whipsawing = you in=20 and out.

 

Defense of the =93M=94=20 Meter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D<= /SPAN>

Try plotting a 3-year = graph of QQQ=20 against a 200-day EMA moving average.  Imagine yourself=20 getting in on that market when the prices crossed above the 200-day MA = and=20 getting out of the market when the prices crossed below the 200-day MA. = You=20 might have gotten whip-sawed 3 or 4 times between April and September of = 2000=20 (allowing you to participate in the rallies of June and August).  But you would have stayed out = of the=20 bear market since September.

 

Are we still in a bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Truth is: nobody knows = yet, because=20 enough time hasn=92t passed. That=92s the way it goes.  In a reversal like this, you = never know=20 whether it=92s rally or the start of a new = bull market=20 until enough time has passed (like the saying goes: Hindsight is = 20/20).  But whether we=92re truly in a = bull market=20 or bear market is irrelevant to me. =20 All I care about is our meter. =20 And the meter says this. =20 Yesterday (Aug. 21) QQQ finally crossed above the 50-day EMA, but = it=92s=20 still a long way from reaching the 200-day EMA.  I might get into stocks slowly = and=20 cautiously right now, but I=92m certainly not ready to jump in with both = feet.

 

--=20 Curt

------=_NextPart_000_0022_01C249AD.662CB110-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] GISX Date: 22 Aug 2002 07:30:31 -0400 Tom, I don't see what's driving it either. I was wondering if anyone here saw anything in the fundies that would explain it. I wonder if news will be coming out and we just don't know it yet or if it's just a baseless technical move. John C. -----Original Message----- Sent: Wednesday, August 21, 2002 9:14 PM John, I don't see what would drive it, fundies are not attractive to me. Latest earnings only up 13%, forecast for full year for only 6% growth, last two qtrs sales were down from prior year. ----- Original Message ----- Sent: Wednesday, August 21, 2002 1:27 PM Anybody else watching GISX? Looks like it's breaking out of its base under nice volume. John C. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] GISX Date: 22 Aug 2002 07:33:16 -0400 I have been seeing a lot of charts that looked pretty and suddenly spiked up for no reason I could discern. When I looked at fundies, it was not justified. So just may be more chart readers that don't care about fundies. ----- Original Message ----- Sent: Thursday, August 22, 2002 7:30 AM Tom, I don't see what's driving it either. I was wondering if anyone here saw anything in the fundies that would explain it. I wonder if news will be coming out and we just don't know it yet or if it's just a baseless technical move. John C. -----Original Message----- Sent: Wednesday, August 21, 2002 9:14 PM John, I don't see what would drive it, fundies are not attractive to me. Latest earnings only up 13%, forecast for full year for only 6% growth, last two qtrs sales were down from prior year. ----- Original Message ----- Sent: Wednesday, August 21, 2002 1:27 PM Anybody else watching GISX? Looks like it's breaking out of its base under nice volume. John C. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Breakout Blues Date: 22 Aug 2002 07:41:43 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0054_01C249AF.5C7BB1F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Robert, truth is, for those exercising good CANSLIM discipline and = adherence at least to the major rules, they have spent the past two = years almost continuously in cash. There have been some short rallies = where partial investment might have been justified, but only that. Once = it was clear that a bear market was established and continuing, then a = better adaptation was to turn CANSLIM upside down, and look for short = candidates. Much riskier, not for the novice (except on paper), but = there was some serious money to make in this time period that way. Maintaining cash, and protecting principal, is far less work than trying = to make money on the long side during a bear market. ----- Original Message -----=20 Sent: Thursday, August 22, 2002 3:08 AM Greetings All,=20 The discussion of Breakouts deals with the one issue I have always had = with CANSLIM (and that *does* mean that I enthusiastically embrace the = rest of it), and that's buying only on this specific pattern and its = variants. In my humble opinion there is a proper time to use this = technique, and that's when the smart money is pouring into these stocks = and there is enough of this going on that it overwhelms any short term = trading interests. (This is the stage mentioned earlier when the swing = trader transitions to momentum.) That is why volume is so important on = Breakouts. You're intelligently riding the stampede at those times. = Times like the current environment retain the memory of all the failed = breakouts from earlier in the year and create alot of uncertainty. In = retrospect, those earlier failures were influenced by the fact that the = Market was in the process of topping off the September - January rally. = Breakouts are bound to fail when M is doing this. In fact that's a = confirming indicator of a downturn, in my book, just luck IBD's search = for succeeding Breakouts is validation for a new uptrend. The question = right now is which environment are we in? We see lots of "proper" = signals to identify at least an intermediate uptrend; be they higher = highs/higher lows, breadth, volume being heavier on up days, good stocks = forming bases or breaking out and holding, etc. But the overall volume = seems to lack conviction. The fact that there is enough hesitation both = ways, while stocks continue to climb, makes me believe we are going up = for at least another couple of weeks. I remember having this same = feeling in late September '01 thinking that the Market seemed to be = saying to get in but my emotions were listening to all the arguments = against it, backed mostly by opinion. (And yes I'm aware of the irony as = I'm giving my opinion.)=20 Back to the mechanics of the failed breakouts. I think there are swing = traders who play those breakouts exactly contrary to CANSLIMmers during = times of weakness in the Market. They buy the bottom of the handles as = the trading dries up in anticipation of the eventual move. If they're = dead wrong their stops are just underneath the lows of the handle, so = losses are minor. If they're partly wrong they sell as soon as evidence = shows the pivot point resistance is going to hold. If they're right, = they sell to the CANSLIMmers' buying of the Breakout as the candle = prints start expanding. What they've gained is the move from bottom of = the handle to above the pivot point in probably a day to three's time; = plus they've sold into excellent liquidity, namely CANSLIMmers jumping = on the Breakout. At this point all that's happened is that the trader = bought up shares in anticipation of the move, the move happens and = CANSLIM buys what the traders held, then there's nobody left to buy so = the move breaks down.=20 Other swing traders don't anticipate, they wait to see the moved = confirmed and buy after the stock's first retest of the pivot point, or = even the lows of the base. The bounce back from *that* is where maybe = the swingers become mo-mos and help the move ultimately succeed. Of = course if the Market's falling apart, you'd only have the swingers = taking advantage of inexperienced buyers chasing breakouts in a sick = Market. Something none of us do here :)) In a newly healthy Market, when = the true leaders of tomorrow start to exert their dominance, then I have = no doubt CANSLIM Breakouts work exactly as WON describes.=20 That brings about another point. I wonder if it's possible to exercise a = true CANSLIM discipline right now anyway, as the types of Leaders WON = describes typically would not have surfaced in such close proximity to a = major Bear like this one; although that's speculation on my part that = others may refute. Instead I think what we are mostly doing is using = CANSLIM to find the best stocks this Market has to give, but not the = classic early Bull Leaders yet.=20 What I find encouraging with this group is that there are several people = adapting to these Market conditions and buying before the Breakouts. I = may be way off base, but I think that's recognizing and adapting to the = competition. There is a certain, well-respected small cap guru here who = I believe has done this for a long while and who seems to do this = especially well, by what I've seen. In this Market, I think it just may = require these kinds of adjustments. But I also do believe the eventual = Bull will make a genius out of WON and C&H Breakouts once again.=20 Anyway, that's my take on things. FWIW.=20 Good investing All,=20 What I find encouraging with this group is that there's the rumblings of = those looking=20 Robert W. Elmer=20 Coldwell Banker First Shasta=20 2837 Bechelli Ln.=20 Redding, CA 96002=20 RWElmer@aol.com=20 221-9556 or 1-800-348-7939 ext.156=20 www.robertelmer.com=20 ------=_NextPart_000_0054_01C249AF.5C7BB1F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Robert, truth is, for those exercising good = CANSLIM=20 discipline and adherence at least to the major rules, they have spent = the past=20 two years almost continuously in cash. There have been some short = rallies where=20 partial investment might have been justified, but only that. Once it was = clear=20 that a bear market was established and continuing, then a better = adaptation was=20 to turn CANSLIM upside down, and look for short candidates. Much = riskier, not=20 for the novice (except on paper), but there was some serious money to = make in=20 this time period that way.
 
Maintaining cash, and protecting principal, is = far less=20 work than trying to make money on the long side during a bear=20 market.
 
----- Original Message -----=20
From: RWElmer@aol.com
Sent: Thursday, August 22, 2002 3:08 AM
Subject: Re: [CANSLIM] Breakout Blues

Greetings = All,=20

The discussion of Breakouts deals with the one issue I have = always had=20 with CANSLIM (and that *does* mean that I enthusiastically embrace the = rest of=20 it), and that's buying only on this specific pattern and its variants. = In my=20 humble opinion there is a proper time to use this technique, and that's = when the=20 smart money is pouring into these stocks and there is enough of this = going on=20 that it overwhelms any short term trading interests. (This is the stage=20 mentioned earlier when the swing trader transitions to momentum.) That = is why=20 volume is so important on Breakouts. You're intelligently riding the = stampede at=20 those times. Times like the current environment retain the memory of all = the=20 failed breakouts from earlier in the year and create alot of = uncertainty. In=20 retrospect, those earlier failures were influenced by the fact that the = Market=20 was in the process of topping off the September - January rally. = Breakouts are=20 bound to fail when M is doing this. In fact that's a confirming = indicator of a=20 downturn, in my book, just luck IBD's search for succeeding Breakouts is = validation for a new uptrend. The question right now is which = environment are we=20 in? We see lots of "proper" signals to identify at least an intermediate = uptrend; be they higher highs/higher lows, breadth, volume being heavier = on up=20 days, good stocks forming bases or breaking out and holding, etc. But = the=20 overall volume seems to lack conviction. The fact that there is enough=20 hesitation both ways, while stocks continue to climb, makes me believe = we are=20 going up for at least another couple of weeks. I remember having this = same=20 feeling in late September '01 thinking that the Market seemed to be = saying to=20 get in but my emotions were listening to all the arguments against it, = backed=20 mostly by opinion. (And yes I'm aware of the irony as I'm giving my = opinion.)=20

Back to the mechanics of the failed breakouts. I think there are = swing=20 traders who play those breakouts exactly contrary to CANSLIMmers during = times of=20 weakness in the Market. They buy the bottom of the handles as the = trading dries=20 up in anticipation of the eventual move. If they're dead wrong their = stops are=20 just underneath the lows of the handle, so losses are minor. If they're = partly=20 wrong they sell as soon as evidence shows the pivot point resistance is = going to=20 hold. If they're right, they sell to the CANSLIMmers' buying of the = Breakout as=20 the candle prints start expanding. What they've gained is the move from = bottom=20 of the handle to above the pivot point in probably a day to three's = time; plus=20 they've sold into excellent liquidity, namely CANSLIMmers jumping on the = Breakout. At this point all that's happened is that the trader bought up = shares=20 in anticipation of the move, the move happens and CANSLIM buys what the = traders=20 held, then there's nobody left to buy so the move breaks down. =

Other=20 swing traders don't anticipate, they wait to see the moved confirmed and = buy=20 after the stock's first retest of the pivot point, or even the lows of = the base.=20 The bounce back from *that* is where maybe the swingers become mo-mos = and help=20 the move ultimately succeed. Of course if the Market's falling apart, = you'd only=20 have the swingers taking advantage of inexperienced buyers chasing = breakouts in=20 a sick Market. Something none of us do here :)) In a newly healthy = Market, when=20 the true leaders of tomorrow start to exert their dominance, then I have = no=20 doubt CANSLIM Breakouts work exactly as WON describes.

That = brings about=20 another point. I wonder if it's possible to exercise a true CANSLIM = discipline=20 right now anyway, as the types of Leaders WON describes typically would = not have=20 surfaced in such close proximity to a major Bear like this one; although = that's=20 speculation on my part that others may refute. Instead I think what we = are=20 mostly doing is using CANSLIM to find the best stocks this Market has to = give,=20 but not the classic early Bull Leaders yet.

What I find = encouraging with=20 this group is that there are several people adapting to these Market = conditions=20 and buying before the Breakouts. I may be way off base, but I think = that's=20 recognizing and adapting to the competition. There is a certain, = well-respected=20 small cap guru here who I believe has done this for a long while and who = seems=20 to do this especially well, by what I've seen. In this Market, I think = it just=20 may require these kinds of adjustments. But I also do believe the = eventual Bull=20 will make a genius out of WON and C&H Breakouts once again. =

Anyway,=20 that's my take on things. FWIW.

Good investing All,

What = I find=20 encouraging with this group is that there's the rumblings of those = looking=20

Robert W. Elmer
Coldwell Banker First Shasta
2837 = Bechelli=20 Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or = 1-800-348-7939=20 ext.156
www.robertelmer.com = ------=_NextPart_000_0054_01C249AF.5C7BB1F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] The effect of expiring options Date: 22 Aug 2002 06:33:32 -0600 The only time I see Option Expiration manipulation is on expiration Fridays and sometimes the day before. But I have never noticed it in small and mid cap stocks. If you look at the big cap movers like KLAC,NVLS,ERTS, and the like then you will see how they almost always close that day whithin $.25 of a strike price. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Wednesday, August 21, 2002 7:26 PM Kelly, I am not aware of options contract trading having any meaningful effect on the price of the underlying stock. If you have any specific examples, I would be interested in learning more. Usually it will be the other way around. The only specific situation I can think of is right at expiration, you might get some large holders of options contracts trying to nudge the stock price slightly higher or lower in order to have it close on Friday expiration above or below the strike price. ----- Original Message ----- Sent: Wednesday, August 21, 2002 2:50 PM Someone has mentioned previously that stocks will sometimes experience a short term move upward because of option holders selling off their soon-to-expire option contracts. Can someone please provide more information on this topic or point me to a good source of information to understand this phenomenon more clearly? Kelly - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] GISX Date: 22 Aug 2002 07:49:16 -0500 Hi Tom and John, GISX certainly shows a deceleration in sales growth, but their track record is still impressive. Sometimes the "N" or strategic advantage is more important than a (potentially) temporary deceleration. GISX is a consolidator in a fragmented business.... a common theme for the "N" in CANSLIM if done well. Currently they are funding acquisitions from operating cash flow, even more impressive. My guess is that those investing in GISX are seeing the forest through the trees and are betting that the company's executives are smart merger managers. In the meantime, once you start acquiring and combining financials, there are often glitches in the numbers until the parent can squeeze out the excesses in the companies acquired, put in place efficiencies of scale and build market synergies which fuel future growth in sales and earnings. Katherine ----- Original Message ----- Sent: Thursday, August 22, 2002 6:33 AM | I have been seeing a lot of charts that looked pretty and suddenly spiked up | for no reason I could discern. When I looked at fundies, it was not | justified. So just may be more chart readers that don't care about fundies. | | ----- Original Message ----- | From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" | To: | Sent: Thursday, August 22, 2002 7:30 AM | Subject: RE: [CANSLIM] GISX | | | Tom, | | I don't see what's driving it either. I was wondering if anyone here saw | anything in the fundies that would explain it. I wonder if news will be | coming out and we just don't know it yet or if it's just a baseless | technical move. | | John C. | | -----Original Message----- | From: Tom Worley [mailto:stkguru@bellsouth.net] | Sent: Wednesday, August 21, 2002 9:14 PM | To: canslim@lists.xmission.com | Subject: Re: [CANSLIM] GISX | | | John, I don't see what would drive it, fundies are not attractive to me. | Latest earnings only up 13%, forecast for full year for only 6% growth, last | two qtrs sales were down from prior year. | | ----- Original Message ----- | From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" | To: | Sent: Wednesday, August 21, 2002 1:27 PM | Subject: [CANSLIM] GISX | | | Anybody else watching GISX? Looks like it's breaking out of its base under | nice volume. | | John C. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Robert Gammon" Subject: [CANSLIM] 'M' Date: 22 Aug 2002 08:46:56 -0500 (CDT) There are those that argue that the small cap universe is the leading indicator of the trends in the economy. Here is an anecdotal story. My wife works for a small injection molding plastics company. The company supplies parts to a variety of businesses locally and across the country. None of the product is sold to retailers or distributors, the customers of each part produced manage their own distribution channels. Business has been lack luster at best for the last 9 months or more. Of late, as in the last two weeks, business is booming. Customers are calling to place orders, and calling back in 30 minutes wondering why the order is not on their loading dock yet. How many times is this story repeated throughout the USA? I don't know. If this is something more than an isolated case or two, then we may have the beginnings of a trend. Robert Gammon Houston, TX - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "rolf hertenstein" Subject: [CANSLIM] Off-topic - Accounting 101 Date: 22 Aug 2002 08:47:10 -0600 I believe there are some (several?) current or retired accounting types in the group. Can anyone recommend a good text book that would help in understanding financial statements (income, balance sheets, etc.). Somehow I feel like I have enough knowledge to be dangerous and a bit of self schooling would be good. A website or something like 'financial statements for dummies' would be the right level. Thanks! Rolf - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Off-topic - Accounting 101 Date: 22 Aug 2002 10:44:50 -0500 Hi Rolf, My interest in financials has always been from a managerial accounting/business analysis/business planning/investing point of view, so you're sure to get a different perspective on the best resources from the true accounting professionals here on the list. Some of these resources may cover basics which you've already mastered, so offered here only as a starting point for you: http://uoutperform.com/New_Folder/fundamental_analysis.htm http://www.investopedia.com/university/fundamentalanalysis/ http://www.WallStreet-LLC.com/canslim/Accounting101.doc I don't own this book personally, but flipped through the sample pages at Amazon. It appears to stick to the basics and seems to be straightforward in its approach, though more thorough than the simple articles above. Select Winning Stocks Using Financial Statements: Get Inside a Company's Financial, Use the Pro's Favorite Selection Tools, Determine Key Investment by Richard B. Loth http://www.amazon.com/exec/obidos/tg/stores/detail/-/books/0793131529/glance /102-5366141-9948140 If you want to get into the depths of fundamental analysis, here are the three on my bookshelf which I like best (definitely not "101" style books!): Fundamental Analysis: A Back-to-the-Basics Investment Guide to Selecting Quality Stocks, Revised Edition by John C. Ritchie http://www.amazon.com/exec/obidos/ASIN/1557388660/qid=1030030452/sr=2-2/ref= sr_2_2/102-5366141-9948140 Security Analysis on Wall Street by Jeffrey C. Hooke http://www.amazon.com/exec/obidos/ASIN/0471177415/qid=1030030501/sr=1-2/ref= sr_1_2/102-5366141-9948140 And the grand-daddy of them all: Security Analysis by Sidney Cottle, Roger F. Murray, Frank E. Block, Sisney Cottle, Benjamin Graham http://www.amazon.com/exec/obidos/ASIN/0070132356/qid=1030030644/sr=1-1/ref= sr_1_1/102-5366141-9948140 --Katherine ----- Original Message ----- Sent: Thursday, August 22, 2002 9:47 AM | I believe there are some (several?) current or retired accounting | types in the group. | | Can anyone recommend a good text book that would help in | understanding financial statements (income, balance sheets, etc.). | Somehow I feel like I have enough knowledge to be dangerous | and a bit of self schooling would be good. | | A website or something like 'financial statements for dummies' | would be the right level. | | Thanks! | | Rolf | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Off-topic - Accounting 101 Date: 22 Aug 2002 11:47:55 -0400 Rolf, I am definitely not an accounting type, but have two books on the topic. I began reading the first (because it was shorter, and so I thought would be easier), but was overwhelmed and had to stop. But I am a neophyte at this. The second book has chapters on financial statements. Richard Loth, Select Winning Stocks Using Financial Statements John Ritchie, Jr., Fundamental Analysis: A Back-to-Basics Investment Guide to Selecting Quality Stocks Good luck with your search. Ann ----- Original Message ----- Sent: Thursday, August 22, 2002 10:47 AM : I believe there are some (several?) current or retired accounting : types in the group. : : Can anyone recommend a good text book that would help in : understanding financial statements (income, balance sheets, etc.). : Somehow I feel like I have enough knowledge to be dangerous : and a bit of self schooling would be good. : : A website or something like 'financial statements for dummies' : would be the right level. : : Thanks! : : Rolf : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Breakout Blues Date: 22 Aug 2002 13:27:36 EDT --part1_198.be29e32.2a967908_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, What you say makes perfect sense to me. While I'm addressing you directly, let me just say that a post of yours a couple of months back influenced me to resume scanning for new highs as possible buy candidates, although my scan looks for as little as 13 week highs. It's helped round out my perspective on the evolving Market. Thanks! Continued success with those nifty small caps. Regards, Robert W. Elmer --part1_198.be29e32.2a967908_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom,

What you say makes perfect sense to me. While I'm addressing you directly, let me just say that a post of yours a couple of months back influenced me to resume scanning for new highs as possible buy candidates, although my scan looks for as little as 13 week highs. It's helped round out my perspective on the evolving Market. Thanks!

Continued success with those nifty small caps.

Regards,

Robert W. Elmer
--part1_198.be29e32.2a967908_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] ANSI Date: 22 Aug 2002 17:37:16 EDT Mike: This is kind of late, but I'm just catching up on my Canslim mailbox. In any event, the length of the handle (as Katherine has pointed out) depends in many cases on the Market. For instance, in the go-go 90's many stocks that broke out had no handle at all. And, as Katherine suggested, a stock that seems as though it is strong, will falter on the handle. For instance, as I inferred from Katherine's missive, if the market is in a rally and the stock's handle keeps falling on high or 50DMA volume, then the stock-even though it may had been strong when forming the cup-is not so strong anymore. jans In a message dated 8/17/2002 4:14:52 AM Eastern Daylight Time, mikegibbons@proactech.com writes: << Yes I saw the weekly chart, but when the handle is short, I think it's the daily chart that's equally important. The behavior in the handle is very important, as Tom has pointed out. While there would be debate that a two week handle is necessary, as he suggests, everyone has their own personal interpetation of the rules based on what works for them in their experience. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: [CANSLIM] IBD Cops Lurk Date: 22 Aug 2002 18:08:41 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0001_01C24A06.F26DDA60 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0002_01C24A06.F2704B60" ------=_NextPart_001_0002_01C24A06.F2704B60 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit All... Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. I've conversed with several members off list regarding this matter, and the reactions have been mixed. The point is the material they provide is proprietary. Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. I have my own mixed feelings, ranging from silly to respectful: Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it! You can't buy this kind of publicity! The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers. I just wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------=_NextPart_001_0002_01C24A06.F2704B60 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
All...
 
Earlier this = week I got a=20 Certified Letter from IBD warning me that my posting on July = 21st of a=20 spreadsheet from Screen of the Day is in violation of the Terms and = Conditions=20 of Investors.com. 
 
I've conversed = with several=20 members off list regarding this matter, and the reactions have been = mixed. =20
 
The point is = the material=20 they provide is proprietary.  Since not everyone on this list=20 subscribes to IBD, it's important that when you post something herein it = is not=20 in violation of their Terms and Conditions. 
 
I have my own = mixed=20 feelings, ranging from silly to respectful: 
 
Silly, because = this list is=20 one of the more respected lists out there (as in non-Yahoo-ish), and if = ever=20 there was a bonanza freebie for IBD, this is it!  You can't buy = this kind=20 of publicity!  The fact that from time to time we pass along = "privileged"=20 information itself stirs curiosity amongst lurkers, whetting their = appetites for=20 more. They ultimately end up subscribing, etc, etc.  =
 
I am, however, = respectful,=20 because they're right--they own the material and it's for the personal = use only=20 of subscribers.  I just wonder which one of us is the=20 "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Jim Fulling" Subject: Re: [CANSLIM] IBD Cops Lurk Date: 22 Aug 2002 15:18:51 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_016A_01C249EF.38B124E0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_016B_01C249EF.38B124E0" ------=_NextPart_001_016B_01C249EF.38B124E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Messageduke i think they simply read the emails. in today's paper in the = investor's corner they say in an internet message board etc. well what = they are referring to (i believe) was said by K.A.M. (pronounced CALM) = just recently on this board. the north idaho lurker (or is it lunker) jim fulling ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Thursday, August 22, 2002 3:08 PM Subject: [CANSLIM] IBD Cops Lurk All... Earlier this week I got a Certified Letter from IBD warning me that my = posting on July 21st of a spreadsheet from Screen of the Day is in = violation of the Terms and Conditions of Investors.com. =20 I've conversed with several members off list regarding this matter, = and the reactions have been mixed. =20 The point is the material they provide is proprietary. Since not = everyone on this list subscribes to IBD, it's important that when you = post something herein it is not in violation of their Terms and = Conditions. =20 I have my own mixed feelings, ranging from silly to respectful: =20 Silly, because this list is one of the more respected lists out there = (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, = this is it! You can't buy this kind of publicity! The fact that from = time to time we pass along "privileged" information itself stirs = curiosity amongst lurkers, whetting their appetites for more. They = ultimately end up subscribing, etc, etc. =20 I am, however, respectful, because they're right--they own the = material and it's for the personal use only of subscribers. I just = wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton = Anti-Virus prior to being sent.=20 ------=_NextPart_001_016B_01C249EF.38B124E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
duke i think they simply read the = emails. in=20 today's paper in the investor's corner they say in an internet message = board=20 etc. well what they are referring to (i believe) was said by K.A.M. = (pronounced=20 CALM) just recently on this board.
the north idaho lurker (or is it = lunker) jim=20 fulling
----- Original Message -----
From:=20 Duke=20 Miller
To: CANSLIM
Sent: Thursday, August 22, 2002 = 3:08=20 PM
Subject: [CANSLIM] IBD Cops = Lurk

All...
 
Earlier this = week I got a=20 Certified Letter from IBD warning me that my posting on July = 21st of a=20 spreadsheet from Screen of the Day is in violation of the Terms and = Conditions=20 of Investors.com. 
 
I've = conversed with=20 several members off list regarding this matter, and the reactions have = been=20 mixed. 
 
The point is = the material=20 they provide is proprietary.  Since not everyone on this = list=20 subscribes to IBD, it's important that when you post something herein = it is=20 not in violation of their Terms and Conditions.  =
 
I have my own = mixed=20 feelings, ranging from silly to respectful: 
 
Silly, = because this list=20 is one of the more respected lists out there (as in non-Yahoo-ish), = and if=20 ever there was a bonanza freebie for IBD, this is it!  You can't = buy this=20 kind of publicity!  The fact that from time to time we pass along = "privileged" information itself stirs curiosity amongst lurkers, = whetting=20 their appetites for more. They ultimately end up subscribing, etc, = etc. =20
 
I am, = however,=20 respectful, because they're right--they own the material and it's for = the=20 personal use only of subscribers.  I just wonder which one of us = is the=20 "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Curt Corley" Subject: RE: [CANSLIM] The ultimate "M" meter Date: 22 Aug 2002 18:20:38 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0001_01C24A08.9EB71E70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable It certainly wasn=92t my intention to do any commercial solicitation. I = am not -- in any way -- professionally affiliated with the products or people that I mentioned earlier and could not benefit from endorsing their products. I=92m a software engineer working on a missile defense project for a major aeorospace-defense company. The sources I mentioned were used as references only, because I like to back up my words with examples and facts.=20 =20 You=92re right. I definitely did not catch the fact that commercial solicitation is prohibited =96 especially since there have been numerous references to commercial sources within the E-mails here in the last few days, including IBD, Daily Graphs, HTTMIS, and links to cup-with-handle sites. However, I=92m sorry that for the faux pas and will now explain why I joined the group. =20 I started getting interested in investments a few years back because of my 401K account. Unfortunately, I bought into the hype that you should buy indexed funds using dollar-cost averaging. Well, this worked for a while, and I was satisfied with the results. However, when the bear market started about 2 =BD years ago, I lost a considerable sum of = money. Whenever something goes sour, I don=92t cry about it. I analyze what = went wrong and figure out what I can do to correct the problem. So after getting crushed at the onslaught of the bear market, I started studying and reading everything I could get my hands on concerning investment and trading of stock securities. Naturally, my enthusiasm boiled over into the work place. I was talking to a coworker who is a diehard CANSLIM advocate, so I bought the HTTMIS book. WON=92s book made a lot of sense to me, and I decided to learn everything I could about CANSLIM. While searching the internet for CANSLIM sites, I found this mailing list. =20 =20 I was initially offended to be accused of commercial solicitation (can you blame me?). However, after getting over my initial reaction and thinking things over from your point of view, there are no hard feelings. I can understand your concern about the quality of this mailing list. If people let salesmen get on the mailing list and start pitching their products, the list would degenerate with spam. It has been challenging enough to find enough time to read through the dozens of good messages that I=92ve received every day so far. I respect your assertiveness in ensuring the quality of this list. Thank you. =20 From what I=92ve seen so far, you have some great advice on this mailing list. I hope I too can contribute something useful in the future. =20 =20 Curt =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 22, 2002 6:28 AM =20 Curt, if you had lurked here more than a few days, you might have caught the fact that commercial solicitation is prohibited. =20 If that's not what you intended, then I suggest you introduce yourself and tell us why you have joined our group. =20 ----- Original Message -----=20 Sent: Thursday, August 22, 2002 3:16AM =20 I=92ve been lurking here for a few days, and I would like to put in my = two cents=92 worth about the question of whether we=92re in a bull or a bear market. I=92d also like to give my personal opinion of what the = ultimate =93M=94 meter is. But first, I want to get some definitions down to = make sure we=92re speaking the same language here. I will use the = definitions that are put forth by the Dow Theory and which, IMHO, are best described in the book =93Technical Analysis of Stock Trends=94 by by Robert D. Edwards, John Magee, W. H. C. Bassetti (Editor). =20 =20 What=92s a bull/bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D In =93TA of Stock Trends,=94 the authors state that a primary trend is = the general direction of price movement over a year or more. A bull market is a primary trend containing higher highs and higher lows in price. A bear market is a primary trend containing lower highs and lower lows in price. Within the primary trend are secondary trends. Secondary trends last from 3 weeks to many months, and they do not (repeat not) qualify as bear or bull markets. The secondary trends are merely the corrections within a bull market and the rallies within a bear markets. In addition to the primary and secondary trends, there are minor trends that usually last less than 6 days and rarely as long as 3 weeks, but they are of little importance here. The main thing that I would like to get across is this: Using the definitions just described, you can=92t talk about bear and bull markets unless you=92re talking about a time frame of about a year. =20 What do we use for an =93M=94 Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Now that the definitions are out of the way, we can talk about how to get in and out of bull markets easily using our =93M=94 meter. If = you=92re having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might try CANSLIM=92ing during a rally within the bear market. You can use = our =93M=94 meter to detect rallies as well. The =93M=94 meter is so simple = that I feel like a few of you are not going to believe me and will tell me to pack sand =96 but, oh well, here it goes. The =93M=94 meters are moving averages. =20 For a good explanation as to why this works, visit http://www.401k-maximizer.com/. =20 =20 How do we use the =93M=94 Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D The index you choose to graph will depend on the kind of security = you=92re investing in. For general growth stocks, the QQQ ticker symbol (NASDAQ) is a good one to use. For especially small cap growth stocks, you can choose one of the Russell indexes, such as the Russell 2000. To get a feel for whether you=92re in a bull/bear market, plot the index against = a 200-day moving average. To get a feel for whether you=92re in a rally/correction, plot the index against a 50-day moving average. The reasons we choose a 200-day average for bear/bull =93M=94 indicator are because it is: (1) a length of time that approximates the number of trading days in one year =96 the minimum time frame for a bull/bear market, and (2) it is an indicator that is highly watched by many elephants. The reasons we choose a 50-day average for the rally/correction =93M=94 indicator are fairly the same: (1) it=92s a = highly watched indicator, (2) it is a time frame that makes a good compromise between getting you in and out of a rally without whipsawing you in and out. =20 Defense of the =93M=94 Meter =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Try plotting a 3-year graph of QQQ against a 200-day EMA moving average. Imagine yourself getting in on that market when the prices crossed above the 200-day MA and getting out of the market when the prices crossed below the 200-day MA. You might have gotten whip-sawed 3 or 4 times between April and September of 2000 (allowing you to participate in the rallies of June and August). But you would have stayed out of the bear market since September. =20 Are we still in a bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Truth is: nobody knows yet, because enough time hasn=92t passed. = That=92s the way it goes. In a reversal like this, you never know whether it=92s rally or the start of a new bull market until enough time has passed (like the saying goes: Hindsight is 20/20). But whether we=92re truly = in a bull market or bear market is irrelevant to me. All I care about is our meter. And the meter says this. Yesterday (Aug. 21) QQQ finally crossed above the 50-day EMA, but it=92s still a long way from reaching the 200-day EMA. I might get into stocks slowly and cautiously right now, but I=92m certainly not ready to jump in with both feet. =20 -- Curt ------=_NextPart_000_0001_01C24A08.9EB71E70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

It certainly wasn’t my = intention to do any commercial solicitation. I am not -- in any way -- professionally affiliated with the products or people that I mentioned earlier and = could not benefit from endorsing their products.=A0 I’m a software engineer working on a missile defense = project for a major aeorospace-defense company.=A0 The sources I mentioned were used = as references only, because I like to back up my words with examples and = facts.

 

You’re right.=A0 I definitely did not catch the = fact that commercial solicitation is prohibited – especially since there have been = numerous references to commercial sources within the E-mails here in the last few = days, including IBD, Daily Graphs, HTTMIS, and links to cup-with-handle = sites.=A0=A0 However, I’m sorry that = for the faux pas and will now explain why I joined the = group.

 

I started getting interested in investments a few years back because of my 401K account.=A0 Unfortunately, I bought into the = hype that you should buy indexed funds using dollar-cost averaging.=A0 Well, this worked for a while, and = I was satisfied with the results.=A0 = However, when the bear market started about 2 =BD years ago, I lost a = considerable sum of money.=A0 Whenever something = goes sour, I don’t cry about it.=A0 I = analyze what went wrong and figure out what I can do to correct the problem.=A0 So after getting crushed at the = onslaught of the bear market, I started studying and reading everything I could get = my hands on concerning investment and trading of stock securities.=A0 Naturally, my enthusiasm boiled = over into the work place.=A0 I was talking to = a coworker who is a diehard CANSLIM advocate, so I bought the HTTMIS book.=A0 WON’s book made a lot of sense to me, and I decided to learn everything I could = about CANSLIM.=A0 While searching the = internet for CANSLIM sites, I found this mailing list.=A0

 

I was initially offended to be = accused of commercial solicitation (can you blame me?).=A0 However, after getting over my initial reaction and thinking = things over from your point of view, there are no hard feelings.=A0 I can understand your concern = about the quality of this mailing list.=A0 = If people let salesmen get on the mailing list and start pitching their products, = the list would degenerate with spam.=A0 = It has been challenging enough to find enough time to read through the dozens = of good messages that I’ve received every day so far.=A0 I respect your assertiveness in = ensuring the quality of this list.=A0 Thank = you.

 

From what I’ve seen so far, = you have some great advice on this mailing list.=A0=A0 I hope I too can contribute something useful in the future.=A0

 

Curt

 

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com<= /span>] On Behalf Of Tom Worley
Sent: = Thursday, August 22, = 2002 6:28 AM
To: = canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = The ultimate "M" meter

 

Curt, if you had lurked = here more than a few days, you might have caught the fact that commercial = solicitation is prohibited.

 

If that's not what you = intended, then I suggest you introduce yourself and tell us why you have joined = our group.

 

----- Original Message = -----

Sent: Thursday, August 22, = 2002 3:16AM

Subject: [CANSLIM] The ultimate "M" meter

 

I’ve been lurking = here for a few days, and I would like to put in my two cents’ worth about the question of whether we’re in a bull or a bear market.=A0 I’d also like to give my = personal opinion of what the ultimate “M” meter is.=A0 But first, I want to get some = definitions down to make sure we’re speaking the same language here.=A0 I will use the definitions that = are put forth by the Dow Theory and which, IMHO, are best described in the book = “Technical Analysis of Stock Trends” by by Robert D. Edwards, John Magee, W. H. C. Bassetti (Editor).=A0

 

What’s a bull/bear = market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D

In “TA of Stock = Trends,” the authors state that a primary trend is the general direction of price movement over a year or more.=A0 = A bull market is a primary trend containing higher highs and higher lows in = price.=A0 A bear market is a primary trend = containing lower highs and lower lows in price.=A0 Within the primary trend are secondary trends.=A0 Secondary trends last from 3 weeks = to many months, and they do not (repeat not) qualify as bear or bull = markets.=A0 The secondary trends are merely = the corrections within a bull market and the rallies within a bear = markets.=A0 In addition to the primary and = secondary trends, there are minor trends that usually last less than 6 days and = rarely as long as 3 weeks, but they are of little importance here.=A0 The main thing that I would like = to get across is this:=A0 Using the = definitions just described, you can’t talk about bear and bull markets unless you’re talking about a time frame of about a = year.

 

What do we use for an “M” Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Now that the definitions = are out of the way, we can talk about how to get in and out of bull markets easily = using our “M” meter.=A0 If you’re having CWs (i.e., CANSLIM Withdrawals) during a bear = market, you might try CANSLIM’ing during a rally within the bear market.=A0 You can use our “M” = meter to detect rallies as well.=A0 The “M” meter is so simple that I feel like a few of you are not = going to believe me and will tell me to pack sand – but, oh well, here = it goes.=A0 The “M” = meters are moving averages.=A0 =

For a good explanation as = to why this works, visit http://www.401k-maximizer.com/.=A0=A0=A0 =

 

How do we use the = “M” Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

The index you choose to = graph will depend on the kind of security you’re investing in.=A0 For general growth stocks, the QQQ = ticker symbol (NASDAQ) is a good one to use.=A0 For especially small cap growth stocks, you can choose one of the Russell indexes, such as the Russell 2000.=A0 To get a feel for whether you’re in a bull/bear market, = plot the index against a 200-day moving average.=A0 To get a feel for whether you’re in a rally/correction, = plot the index against a 50-day moving average.=A0 The reasons we choose a 200-day average for bear/bull = “M” indicator are because it is: (1) a length of time that approximates the = number of trading days in one year – the minimum time frame for a = bull/bear market, and (2) it is an indicator that is highly watched by many elephants.=A0 The reasons we = choose a 50-day average for the rally/correction “M” indicator are = fairly the same: (1) it’s a highly watched indicator, (2) it is a time = frame that makes a good compromise between getting you in and out of a rally = without whipsawing you in and out.

 

Defense of the = “M” Meter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D

Try plotting a 3-year graph = of QQQ against a 200-day EMA moving average.=A0 Imagine yourself getting in on that market when the prices = crossed above the 200-day MA and getting out of the market when the prices crossed = below the 200-day MA. You might have gotten whip-sawed 3 or 4 times between April = and September of 2000 (allowing you to participate in the rallies of June = and August).=A0 But you would have = stayed out of the bear market since September.

 

Are we still in a bear = market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Truth is: nobody knows yet, = because enough time hasn’t passed. That’s the way it goes.=A0 In a reversal like this, you never = know whether it’s rally or the start of a new bull market until enough = time has passed (like the saying goes: Hindsight is 20/20).=A0 But whether we’re truly in a = bull market or bear market is irrelevant to me.=A0 All I care about is our meter.=A0 And the meter says this.=A0 Yesterday (Aug. 21) QQQ finally crossed above the 50-day EMA, but it’s still a long way from reaching the 200-day EMA.=A0 I might get into stocks slowly and = cautiously right now, but I’m certainly not ready to jump in with both = feet.

 

-- = Curt

------=_NextPart_000_0001_01C24A08.9EB71E70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] The ultimate "M" meter Date: 22 Aug 2002 19:08:51 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_03E9_01C24A0F.5A2F0130 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Curt, First, thanks for your level-headedness....something that is often in = short supply in this nasty Bear market! On the issue of commercial solicitation...there's *always* a fine line. = We often have people join who do so with no other intent than to find = clients. Other times, we've had people join the list, mine the names and = then start spamming them with advertisements on one product or another. = On the other hand, we as individual investors join the list in hopes of = sharing what we know and receiving in return new knowledge. That = generally means that many of us use similar tools and so tend to = reference them with abandon. Most often you'll see references to the IBD = and DailyGraphs Online (DGO) for obvious reasons. But we occasionally = will discuss other tools that are common to many of us like TC2000, = Vectorvest, HighGrowthStockInvesting, Quotes Plus, and many of the sites = which cater to CANSLIMers, both free and subscription-based. As a result = of those discussions, folks become aware of new tools that they might = not have considered and they may or may not choose to use them as a = result. We keep wondering how we can get DGO and the IBD to pay us for = all the free advertising we do....if nothing else, it would be great to = get some sort of referral discount!!=20 Next, thanks for your excellent post on using very simple moving = averages to "read" the health of the market. That's something I've = always appreciated about O'Neil. He advocates looking at the obvious, = reading it simply, and reading it with mastery. That's one of the = reasons he suggests sticking to very simple price/volume charts with 50 = and 200 day moving averages. Learn to read these things well along with = some indicators like the RS line, the RS rank and the Up/Down volume, = and you "know" all you need to know about the stock technically. For the = most part, that holds for taking a read on the market, as you suggested = in your original email. In the simplest sense, one could just take the = percentage of stocks above/below the 200 day MA and tell pretty much = everything! Katherine ----- Original Message -----=20 From: Curt Corley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 22, 2002 6:20 PM Subject: RE: [CANSLIM] The ultimate "M" meter It certainly wasn't my intention to do any commercial solicitation. I = am not -- in any way -- professionally affiliated with the products or = people that I mentioned earlier and could not benefit from endorsing = their products. I'm a software engineer working on a missile defense = project for a major aeorospace-defense company. The sources I mentioned = were used as references only, because I like to back up my words with = examples and facts.=20 =20 You're right. I definitely did not catch the fact that commercial = solicitation is prohibited - especially since there have been numerous = references to commercial sources within the E-mails here in the last few = days, including IBD, Daily Graphs, HTTMIS, and links to cup-with-handle = sites. However, I'm sorry that for the faux pas and will now explain = why I joined the group. =20 I started getting interested in investments a few years back because = of my 401K account. Unfortunately, I bought into the hype that you = should buy indexed funds using dollar-cost averaging. Well, this worked = for a while, and I was satisfied with the results. However, when the = bear market started about 2 =BD years ago, I lost a considerable sum of = money. Whenever something goes sour, I don't cry about it. I analyze = what went wrong and figure out what I can do to correct the problem. So = after getting crushed at the onslaught of the bear market, I started = studying and reading everything I could get my hands on concerning = investment and trading of stock securities. Naturally, my enthusiasm = boiled over into the work place. I was talking to a coworker who is a = diehard CANSLIM advocate, so I bought the HTTMIS book. WON's book made = a lot of sense to me, and I decided to learn everything I could about = CANSLIM. While searching the internet for CANSLIM sites, I found this = mailing list. =20 =20 I was initially offended to be accused of commercial solicitation (can = you blame me?). However, after getting over my initial reaction and = thinking things over from your point of view, there are no hard = feelings. I can understand your concern about the quality of this = mailing list. If people let salesmen get on the mailing list and start = pitching their products, the list would degenerate with spam. It has = been challenging enough to find enough time to read through the dozens = of good messages that I've received every day so far. I respect your = assertiveness in ensuring the quality of this list. Thank you. =20 From what I've seen so far, you have some great advice on this mailing = list. I hope I too can contribute something useful in the future. =20 =20 Curt =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 22, 2002 6:28 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] The ultimate "M" meter =20 Curt, if you had lurked here more than a few days, you might have = caught the fact that commercial solicitation is prohibited. =20 If that's not what you intended, then I suggest you introduce yourself = and tell us why you have joined our group. =20 ----- Original Message -----=20 From: Curt Corley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 22, 2002 3:16AM Subject: [CANSLIM] The ultimate "M" meter =20 I've been lurking here for a few days, and I would like to put in my = two cents' worth about the question of whether we're in a bull or a bear = market. I'd also like to give my personal opinion of what the ultimate = "M" meter is. But first, I want to get some definitions down to make = sure we're speaking the same language here. I will use the definitions = that are put forth by the Dow Theory and which, IMHO, are best described = in the book "Technical Analysis of Stock Trends" by by Robert D. = Edwards, John Magee, W. H. C. Bassetti (Editor). =20 =20 What's a bull/bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D In "TA of Stock Trends," the authors state that a primary trend is the = general direction of price movement over a year or more. A bull market = is a primary trend containing higher highs and higher lows in price. A = bear market is a primary trend containing lower highs and lower lows in = price. Within the primary trend are secondary trends. Secondary trends = last from 3 weeks to many months, and they do not (repeat not) qualify = as bear or bull markets. The secondary trends are merely the = corrections within a bull market and the rallies within a bear markets. = In addition to the primary and secondary trends, there are minor trends = that usually last less than 6 days and rarely as long as 3 weeks, but = they are of little importance here. The main thing that I would like to = get across is this: Using the definitions just described, you can't = talk about bear and bull markets unless you're talking about a time = frame of about a year. =20 What do we use for an "M" Meter? = =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Now that the definitions are out of the way, we can talk about how to = get in and out of bull markets easily using our "M" meter. If you're = having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might = try CANSLIM'ing during a rally within the bear market. You can use our = "M" meter to detect rallies as well. The "M" meter is so simple that I = feel like a few of you are not going to believe me and will tell me to = pack sand - but, oh well, here it goes. The "M" meters are moving = averages. =20 For a good explanation as to why this works, visit = http://www.401k-maximizer.com/. =20 =20 How do we use the "M" Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D The index you choose to graph will depend on the kind of security = you're investing in. For general growth stocks, the QQQ ticker symbol = (NASDAQ) is a good one to use. For especially small cap growth stocks, = you can choose one of the Russell indexes, such as the Russell 2000. To = get a feel for whether you're in a bull/bear market, plot the index = against a 200-day moving average. To get a feel for whether you're in a = rally/correction, plot the index against a 50-day moving average. The = reasons we choose a 200-day average for bear/bull "M" indicator are = because it is: (1) a length of time that approximates the number of = trading days in one year - the minimum time frame for a bull/bear = market, and (2) it is an indicator that is highly watched by many = elephants. The reasons we choose a 50-day average for the = rally/correction "M" indicator are fairly the same: (1) it's a highly = watched indicator, (2) it is a time frame that makes a good compromise = between getting you in and out of a rally without whipsawing you in and = out. =20 Defense of the "M" Meter =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Try plotting a 3-year graph of QQQ against a 200-day EMA moving = average. Imagine yourself getting in on that market when the prices = crossed above the 200-day MA and getting out of the market when the = prices crossed below the 200-day MA. You might have gotten whip-sawed 3 = or 4 times between April and September of 2000 (allowing you to = participate in the rallies of June and August). But you would have = stayed out of the bear market since September. =20 Are we still in a bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Truth is: nobody knows yet, because enough time hasn't passed. That's = the way it goes. In a reversal like this, you never know whether it's = rally or the start of a new bull market until enough time has passed = (like the saying goes: Hindsight is 20/20). But whether we're truly in = a bull market or bear market is irrelevant to me. All I care about is = our meter. And the meter says this. Yesterday (Aug. 21) QQQ finally = crossed above the 50-day EMA, but it's still a long way from reaching = the 200-day EMA. I might get into stocks slowly and cautiously right = now, but I'm certainly not ready to jump in with both feet. =20 -- Curt ------=_NextPart_000_03E9_01C24A0F.5A2F0130 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Curt,
 
First, thanks for your level-headedness....something that is often = in short=20 supply in this nasty Bear market!
 
On the issue of commercial solicitation...there's *always* a fine = line. We=20 often have people join who do so with no other intent than to find = clients.=20 Other times, we've had people join the list, mine the names and then = start=20 spamming them with advertisements on one product or another. On the = other hand,=20 we as individual investors join  the list in hopes of sharing what = we know=20 and receiving  in return new knowledge. That generally means that = many of=20 us use similar tools and so tend to reference them with abandon. Most = often=20 you'll see references to the IBD and  DailyGraphs Online (DGO) for = obvious=20 reasons. But we occasionally will discuss other tools that are common to = many of=20 us like TC2000, Vectorvest, HighGrowthStockInvesting, Quotes Plus, and = many of=20 the sites which cater to CANSLIMers, both free and subscription-based. = As a=20 result of those discussions, folks become aware of new tools that they = might not=20 have considered and they may or may not choose to use them as a result. = We keep=20 wondering how we can get DGO and the IBD to pay us for all the free = advertising=20 we do....if nothing else, it would be great to get some sort of referral = discount!!
 
Next, thanks for your excellent post on using very simple moving = averages=20 to "read" the health of the market. That's something I've always = appreciated=20 about O'Neil. He advocates looking at the obvious, reading it simply, = and=20 reading it with mastery. That's one of the reasons he suggests sticking = to very=20 simple price/volume charts with 50 and 200 day moving averages. Learn to = read=20 these things well along with some indicators like the RS line, the RS = rank and=20 the Up/Down volume, and you "know" all you need to know about the stock=20 technically. For the most part, that holds for taking a read on the = market, as=20 you suggested in your original email. In the simplest sense, one could = just take=20 the percentage of stocks above/below the 200 day MA and tell pretty much = everything!
 
Katherine
 ------=_NextPart_000_03E9_01C24A0F.5A2F0130-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] 'M' Date: 22 Aug 2002 21:34:50 -0400 Robert, interesting observation, hopefully others can confirm this as a pattern. While there are always exceptions, I typically find the small cap companies far more "leaner and meaner" than more mature companies. Often, the executives are also the founders, and hold large stakes in the company from before it went public. Having helped "birth" 20 or more small companies into the public arena, I am familiar with how such deals are structured, and know that the founders have the most at stake in building it into a vibrant winner. I find them far less likely to engage in financial shenanigans, far more likely to be working late evenings or on the weekend building the company, which speaks strongly to my "assessment" of management. But if order demand is picking up for this company this way, and continues, it also should be picking up for larger suppliers, and that would be very significant indeed. ----- Original Message ----- Sent: Thursday, August 22, 2002 9:46 AM There are those that argue that the small cap universe is the leading indicator of the trends in the economy. Here is an anecdotal story. My wife works for a small injection molding plastics company. The company supplies parts to a variety of businesses locally and across the country. None of the product is sold to retailers or distributors, the customers of each part produced manage their own distribution channels. Business has been lack luster at best for the last 9 months or more. Of late, as in the last two weeks, business is booming. Customers are calling to place orders, and calling back in 30 minutes wondering why the order is not on their loading dock yet. How many times is this story repeated throughout the USA? I don't know. If this is something more than an isolated case or two, then we may have the beginnings of a trend. Robert Gammon Houston, TX - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: [CANSLIM] IBD Cops Lurk Date: 22 Aug 2002 21:37:31 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0019_01C24A24.226BBF80 Content-Type: multipart/alternative; boundary="----=_NextPart_001_001A_01C24A24.226BBF80" ------=_NextPart_001_001A_01C24A24.226BBF80 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Jim: If they "just read the emails" then they must be a member of the list. You can't do that without being a member (as some of those lately who've be "busted" for behavioral reasons.) Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jim Fulling Sent: Thursday, August 22, 2002 6:19 PM duke i think they simply read the emails. in today's paper in the investor's corner they say in an internet message board etc. well what they are referring to (i believe) was said by K.A.M. (pronounced CALM) just recently on this board. the north idaho lurker (or is it lunker) jim fulling ----- Original Message ----- Sent: Thursday, August 22, 2002 3:08 PM All... Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. I've conversed with several members off list regarding this matter, and the reactions have been mixed. The point is the material they provide is proprietary. Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. I have my own mixed feelings, ranging from silly to respectful: Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it! You can't buy this kind of publicity! The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers. I just wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------=_NextPart_001_001A_01C24A24.226BBF80 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Jim:
 
If they "just = read the=20 emails" then they must be a member of the list.  You can't do that = without=20 being a member (as some of those lately who've be "busted" for = behavioral=20 reasons.)
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Jim Fulling
Sent: Thursday, August 22, = 2002 6:19=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 IBD Cops Lurk

duke i think they simply read the = emails. in=20 today's paper in the investor's corner they say in an internet message = board=20 etc. well what they are referring to (i believe) was said by K.A.M.=20 (pronounced CALM) just recently on this board.
the north idaho lurker (or is it = lunker) jim=20 fulling
----- Original Message -----
From:=20 Duke Miller
To: CANSLIM
Sent: Thursday, August 22, = 2002 3:08=20 PM
Subject: [CANSLIM] IBD Cops = Lurk

All...
 
Earlier = this week I got=20 a Certified Letter from IBD warning me that my posting on July = 21st of=20 a spreadsheet from Screen of the Day is in violation of the Terms = and=20 Conditions of Investors.com. 
 
I've = conversed with=20 several members off list regarding this matter, and the reactions = have been=20 mixed. 
 
The point = is the=20 material they provide is proprietary.  Since not everyone = on this=20 list subscribes to IBD, it's important that when you post something = herein=20 it is not in violation of their Terms and Conditions. =20
 
I have my = own mixed=20 feelings, ranging from silly to respectful:  =
 
Silly, = because this=20 list is one of the more respected lists out there (as in = non-Yahoo-ish), and=20 if ever there was a bonanza freebie for IBD, this is it!  You = can't buy=20 this kind of publicity!  The fact that from time to time we = pass along=20 "privileged" information itself stirs curiosity amongst lurkers, = whetting=20 their appetites for more. They ultimately end up subscribing, etc,=20 etc. 
 
I am, = however,=20 respectful, because they're right--they own the material and it's = for the=20 personal use only of subscribers.  I just wonder which one of = us is the=20 "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned = by Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IBD Cops Lurk Date: 22 Aug 2002 21:49:03 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0061_01C24A25.BB04E220 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0062_01C24A25.BB04E220" ------=_NextPart_001_0062_01C24A25.BB04E220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke, the funny thing is, if you don't identify your primary = source and also "blend in" other sources until the final product is your = own creation, they have no complaint. That is what I was forced to do = when my weekly scans of stocks at or close to new highs came entirely = from DGO. Once or twice I posted the spread sheet of data right from = DGO's report, after deleting every stock I didn't mention (from several = hundred down to about 30). Instead of appreciating that I was showing = non subscribers the quantity and quality of CANSLIM data available from = DGO, they threatened me as well. Seems to be corporate policy of both = DGO and IBD, with presumably lurkers from both companies in our midst.=20 They don't seem to mind when you quote current data on a short list of = stocks, just can't copy directly from them. I will always wonder just = how many articles printed in IBD were a direct result of ideas, comments = and observations of our postings here, and taken from this group without = any attribution or credit. They are strictly one way, what is theirs is = theirs, and what is ours is theirs as well. ----- Original Message -----=20 Sent: Thursday, August 22, 2002 6:08 PM All... Earlier this week I got a Certified Letter from IBD warning me that my = posting on July 21st of a spreadsheet from Screen of the Day is in = violation of the Terms and Conditions of Investors.com. =20 I've conversed with several members off list regarding this matter, and = the reactions have been mixed. =20 The point is the material they provide is proprietary. Since not = everyone on this list subscribes to IBD, it's important that when you = post something herein it is not in violation of their Terms and = Conditions. =20 I have my own mixed feelings, ranging from silly to respectful: =20 Silly, because this list is one of the more respected lists out there = (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, = this is it! You can't buy this kind of publicity! The fact that from = time to time we pass along "privileged" information itself stirs = curiosity amongst lurkers, whetting their appetites for more. They = ultimately end up subscribing, etc, etc. =20 I am, however, respectful, because they're right--they own the material = and it's for the personal use only of subscribers. I just wonder which = one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton Anti-Virus = prior to being sent.=20 ------=_NextPart_001_0062_01C24A25.BB04E220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Duke, the funny thing is, if you don't identify = your=20 primary source and also "blend in" other sources until the final product = is your=20 own creation, they have no complaint. That is what I was forced to do = when my=20 weekly scans of stocks at or close to new highs came entirely from DGO. = Once or=20 twice I posted the spread sheet of data right from DGO's report, after = deleting=20 every stock I didn't mention (from several hundred down to about 30). = Instead of=20 appreciating that I was showing non subscribers the quantity and quality = of=20 CANSLIM data available from DGO, they threatened me as well. Seems to be = corporate policy of both DGO and IBD, with presumably lurkers from both=20 companies in our midst.
 
They don't seem to mind when you quote current = data on a=20 short list of stocks, just can't copy directly from them. I will always = wonder=20 just how many articles printed in IBD were a direct result of ideas, = comments=20 and observations of our postings here, and taken from this group without = any=20 attribution or credit. They are strictly one way, what is theirs is = theirs, and=20 what is ours is theirs as well.
 
----- Original Message -----=20
From: Duke=20 Miller
To: CANSLIM
Sent: Thursday, August 22, 2002 6:08 PM
Subject: [CANSLIM] IBD Cops Lurk

All...
 
Earlier this = week I got a=20 Certified Letter from IBD warning me that my posting on July = 21st of a=20 spreadsheet from Screen of the Day is in violation of the Terms and = Conditions=20 of Investors.com. 
 
I've conversed = with several=20 members off list regarding this matter, and the reactions have been = mixed. =20
 
The point is = the material=20 they provide is proprietary.  Since not everyone on this list=20 subscribes to IBD, it's important that when you post something herein it = is not=20 in violation of their Terms and Conditions. 
 
I have my own = mixed=20 feelings, ranging from silly to respectful: 
 
Silly, because = this list is=20 one of the more respected lists out there (as in non-Yahoo-ish), and if = ever=20 there was a bonanza freebie for IBD, this is it!  You can't buy = this kind=20 of publicity!  The fact that from time to time we pass along = "privileged"=20 information itself stirs curiosity amongst lurkers, whetting their = appetites for=20 more. They ultimately end up subscribing, etc, etc.  =
 
I am, however, = respectful,=20 because they're right--they own the material and it's for the personal = use only=20 of subscribers.  I just wonder which one of us is the=20 "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] The ultimate "M" meter Date: 22 Aug 2002 21:56:23 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0080_01C24A26.C1C12AF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Curt, both for the understanding and the introduction. Because = you wrote in the "first person, plural" tense I jumped to the conclusion = that you were part of the site you mentioned, should have asked first. = My only excuse is too many 12-14 hour work days, six days a week. Working for a defense contractor, I have no doubt you will have some = observations that can benefit us all, as it right now appears to me to = be a definite candidate for growth for the next few years. And that's = despite the unpredictability of govt contracting. ----- Original Message -----=20 Sent: Thursday, August 22, 2002 7:20 PM It certainly wasn't my intention to do any commercial solicitation. I am = not -- in any way -- professionally affiliated with the products or = people that I mentioned earlier and could not benefit from endorsing = their products. I'm a software engineer working on a missile defense = project for a major aeorospace-defense company. The sources I mentioned = were used as references only, because I like to back up my words with = examples and facts.=20 =20 You're right. I definitely did not catch the fact that commercial = solicitation is prohibited - especially since there have been numerous = references to commercial sources within the E-mails here in the last few = days, including IBD, Daily Graphs, HTTMIS, and links to cup-with-handle = sites. However, I'm sorry that for the faux pas and will now explain = why I joined the group. =20 I started getting interested in investments a few years back because of = my 401K account. Unfortunately, I bought into the hype that you should = buy indexed funds using dollar-cost averaging. Well, this worked for a = while, and I was satisfied with the results. However, when the bear = market started about 2 =BD years ago, I lost a considerable sum of = money. Whenever something goes sour, I don't cry about it. I analyze = what went wrong and figure out what I can do to correct the problem. So = after getting crushed at the onslaught of the bear market, I started = studying and reading everything I could get my hands on concerning = investment and trading of stock securities. Naturally, my enthusiasm = boiled over into the work place. I was talking to a coworker who is a = diehard CANSLIM advocate, so I bought the HTTMIS book. WON's book made = a lot of sense to me, and I decided to learn everything I could about = CANSLIM. While searching the internet for CANSLIM sites, I found this = mailing list. =20 =20 I was initially offended to be accused of commercial solicitation (can = you blame me?). However, after getting over my initial reaction and = thinking things over from your point of view, there are no hard = feelings. I can understand your concern about the quality of this = mailing list. If people let salesmen get on the mailing list and start = pitching their products, the list would degenerate with spam. It has = been challenging enough to find enough time to read through the dozens = of good messages that I've received every day so far. I respect your = assertiveness in ensuring the quality of this list. Thank you. =20 From what I've seen so far, you have some great advice on this mailing = list. I hope I too can contribute something useful in the future. =20 =20 Curt =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 22, 2002 6:28 AM =20 Curt, if you had lurked here more than a few days, you might have caught = the fact that commercial solicitation is prohibited. =20 If that's not what you intended, then I suggest you introduce yourself = and tell us why you have joined our group. =20 ----- Original Message -----=20 Sent: Thursday, August 22, 2002 3:16AM =20 I've been lurking here for a few days, and I would like to put in my two = cents' worth about the question of whether we're in a bull or a bear = market. I'd also like to give my personal opinion of what the ultimate = "M" meter is. But first, I want to get some definitions down to make = sure we're speaking the same language here. I will use the definitions = that are put forth by the Dow Theory and which, IMHO, are best described = in the book "Technical Analysis of Stock Trends" by by Robert D. = Edwards, John Magee, W. H. C. Bassetti (Editor). =20 =20 What's a bull/bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D In "TA of Stock Trends," the authors state that a primary trend is the = general direction of price movement over a year or more. A bull market = is a primary trend containing higher highs and higher lows in price. A = bear market is a primary trend containing lower highs and lower lows in = price. Within the primary trend are secondary trends. Secondary trends = last from 3 weeks to many months, and they do not (repeat not) qualify = as bear or bull markets. The secondary trends are merely the = corrections within a bull market and the rallies within a bear markets. = In addition to the primary and secondary trends, there are minor trends = that usually last less than 6 days and rarely as long as 3 weeks, but = they are of little importance here. The main thing that I would like to = get across is this: Using the definitions just described, you can't = talk about bear and bull markets unless you're talking about a time = frame of about a year. =20 What do we use for an "M" Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Now that the definitions are out of the way, we can talk about how to = get in and out of bull markets easily using our "M" meter. If you're = having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might = try CANSLIM'ing during a rally within the bear market. You can use our = "M" meter to detect rallies as well. The "M" meter is so simple that I = feel like a few of you are not going to believe me and will tell me to = pack sand - but, oh well, here it goes. The "M" meters are moving = averages. =20 For a good explanation as to why this works, visit = http://www.401k-maximizer.com/. =20 =20 How do we use the "M" Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D The index you choose to graph will depend on the kind of security you're = investing in. For general growth stocks, the QQQ ticker symbol (NASDAQ) = is a good one to use. For especially small cap growth stocks, you can = choose one of the Russell indexes, such as the Russell 2000. To get a = feel for whether you're in a bull/bear market, plot the index against a = 200-day moving average. To get a feel for whether you're in a = rally/correction, plot the index against a 50-day moving average. The = reasons we choose a 200-day average for bear/bull "M" indicator are = because it is: (1) a length of time that approximates the number of = trading days in one year - the minimum time frame for a bull/bear = market, and (2) it is an indicator that is highly watched by many = elephants. The reasons we choose a 50-day average for the = rally/correction "M" indicator are fairly the same: (1) it's a highly = watched indicator, (2) it is a time frame that makes a good compromise = between getting you in and out of a rally without whipsawing you in and = out. =20 Defense of the "M" Meter =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Try plotting a 3-year graph of QQQ against a 200-day EMA moving average. = Imagine yourself getting in on that market when the prices crossed = above the 200-day MA and getting out of the market when the prices = crossed below the 200-day MA. You might have gotten whip-sawed 3 or 4 = times between April and September of 2000 (allowing you to participate = in the rallies of June and August). But you would have stayed out of = the bear market since September. =20 Are we still in a bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Truth is: nobody knows yet, because enough time hasn't passed. That's = the way it goes. In a reversal like this, you never know whether it's = rally or the start of a new bull market until enough time has passed = (like the saying goes: Hindsight is 20/20). But whether we're truly in = a bull market or bear market is irrelevant to me. All I care about is = our meter. And the meter says this. Yesterday (Aug. 21) QQQ finally = crossed above the 50-day EMA, but it's still a long way from reaching = the 200-day EMA. I might get into stocks slowly and cautiously right = now, but I'm certainly not ready to jump in with both feet. =20 -- Curt ------=_NextPart_000_0080_01C24A26.C1C12AF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Curt, both for the understanding and the=20 introduction. Because you wrote in the "first person, plural" tense I = jumped to=20 the conclusion that you were part of the site you mentioned, should have = asked=20 first. My only excuse is too many 12-14 hour work days, six days a=20 week.
 
Working for a defense contractor, I have no = doubt you will=20 have some observations that can benefit us all, as it right now appears = to me to=20 be a definite candidate for growth for the next few years. And that's = despite=20 the unpredictability of govt contracting.
 
----- Original Message -----=20
From: Curt = Corley=20
Sent: Thursday, August 22, 2002 7:20 PM
Subject: RE: [CANSLIM] The ultimate "M" meter

It certainly = wasn=92t my=20 intention to do any commercial solicitation. I am not -- in any way --=20 professionally affiliated with the products or people that I mentioned = earlier=20 and could not benefit from endorsing their products.  I=92m a software engineer = working on a=20 missile defense project for a major aeorospace-defense=20 company.  The sources I = mentioned=20 were used as references only, because I like to back up my words with = examples=20 and facts.

 

You=92re = right.  I definitely did not catch the = fact that=20 commercial solicitation is prohibited =96 especially since there have = been=20 numerous references to commercial sources within the E-mails here in the = last=20 few days, including IBD, Daily Graphs, HTTMIS, and links to = cup-with-handle=20 sites.   However, = I=92m sorry=20 that for the faux pas and will now explain why I joined the=20 group.

 

I started = getting=20 interested in investments a few years back because of my 401K = account.  Unfortunately, I bought into = the hype=20 that you should buy indexed funds using dollar-cost averaging.  Well, this worked for a while, = and I was=20 satisfied with the results. =20 However, when the bear market started about 2 =BD years ago, I = lost a=20 considerable sum of money.  = Whenever=20 something goes sour, I don=92t cry about it. =20 I analyze what went wrong and figure out what I can do to correct = the=20 problem.  So after getting = crushed=20 at the onslaught of the bear market, I started studying and reading = everything I=20 could get my hands on concerning investment and trading of stock=20 securities.  Naturally, my = enthusiasm boiled over into the work place.  I was talking to a coworker = who is a=20 diehard CANSLIM advocate, so I bought the HTTMIS book.  WON=92s book=20 made a lot of sense to me, and I decided to learn everything I could = about=20 CANSLIM.  While searching = the=20 internet for CANSLIM sites, I found this mailing list. 

 

I was = initially=20 offended to be accused of commercial solicitation (can you blame = me?).  However, after getting over my = initial=20 reaction and thinking things over from your point of view, there are no = hard=20 feelings.  I can = understand your=20 concern about the quality of this mailing list.  If people let salesmen get on = the=20 mailing list and start pitching their products, the list would = degenerate with=20 spam.  It has been = challenging=20 enough to find enough time to read through the dozens of good messages = that I=92ve=20 received every day so far.  = I=20 respect your assertiveness in ensuring the quality of this list.  Thank = you.

 

From what = I=92ve seen so=20 far, you have some great advice on this mailing list.   I hope I too can = contribute=20 something useful in the future. =20

 

Curt

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom = Worley
Sent: Thursday, August 22,=20 2002 6:28=20 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] The = ultimate "M"=20 meter

 

Curt, if you had lurked = here more=20 than a few days, you might have caught the fact that commercial = solicitation is=20 prohibited.

 

If that's not what you = intended,=20 then I suggest you introduce yourself and tell us why you have joined = our=20 group.

 

----- Original Message = -----=20

From: Curt = Corley=20

To: canslim@lists.xmission.com= =20

Sent:=20 Thursday, = August 22,=20 2002 3:16AM

Subject: [CANSLIM]=20 The ultimate "M" meter

 

I=92ve been lurking here = for a few=20 days, and I would like to put in my two cents=92 worth about the = question of=20 whether we=92re in a bull or a bear market. =20 I=92d also like to give my personal opinion of what the ultimate = =93M=94 meter=20 is.  But first, I want to = get some=20 definitions down to make sure we=92re speaking the same language = here.  I will use the definitions = that are put=20 forth by the Dow Theory and which, IMHO, are best described in the book=20 =93Technical Analysis of Stock Trends=94 by by Robert = D. Edwards, John=20 Magee, W.=20 H. C. Bassetti (Editor). 

 

What=92s a bull/bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

In =93TA of Stock = Trends,=94 the authors=20 state that a primary trend is the general direction of price movement = over a=20 year or more.  A bull = market is a=20 primary trend containing higher highs and higher lows in price.  A bear market is a primary = trend=20 containing lower highs and lower lows in price.  Within the primary trend are = secondary=20 trends.  Secondary trends = last from=20 3 weeks to many months, and they do not (repeat not) qualify as bear or = bull=20 markets.  The secondary = trends are=20 merely the corrections within a bull market and the rallies within a = bear=20 markets.  In addition to = the primary=20 and secondary trends, there are minor trends that usually last less than = 6 days=20 and rarely as long as 3 weeks, but they are of little importance = here.  The main thing that I would = like to get=20 across is this:  Using the = definitions just described, you can=92t talk about bear and bull markets = unless=20 you=92re talking about a time frame of about a = year.

 

What do we use for an = =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D

Now that the definitions = are out of=20 the way, we can talk about how to get in and out of bull markets easily = using=20 our =93M=94 meter.  If = you=92re having CWs=20 (i.e., CANSLIM Withdrawals) during a bear market, you might try = CANSLIM=92ing=20 during a rally within the bear market. =20 You can use our =93M=94 meter to detect rallies as well.  The =93M=94 meter is so simple = that I feel=20 like a few of you are not going to believe me and will tell me to pack = sand =96=20 but, oh well, here it goes.  = The =93M=94=20 meters are moving averages. =20

For a good explanation as = to why=20 this works, visit http://www.401k-maximizer.com/.   =20

 

How do we use the =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

The index you choose to = graph will=20 depend on the kind of security you=92re investing in.  For general growth stocks, the = QQQ=20 ticker symbol (NASDAQ) is a good one to use.  For especially small cap = growth stocks,=20 you can choose one of the Russell indexes, such as the Russell = 2000.  To get a feel for whether = you=92re in a=20 bull/bear market, plot the index against a 200-day moving average.  To get a feel for whether = you=92re in a=20 rally/correction, plot the index against a 50-day moving average.  The reasons we choose a = 200-day average=20 for bear/bull =93M=94 indicator are because it is: (1) a length of time = that=20 approximates the number of trading days in one year =96 the minimum time = frame for=20 a bull/bear market, and (2) it is an indicator that is highly watched by = many=20 elephants.  The reasons we = choose a=20 50-day average for the rally/correction =93M=94 indicator are fairly the = same: (1)=20 it=92s a highly watched indicator, (2) it is a time frame that makes a = good=20 compromise between getting you in and out of a rally without whipsawing = you in=20 and out.

 

Defense of the =93M=94=20 Meter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D<= /SPAN>

Try plotting a 3-year = graph of QQQ=20 against a 200-day EMA moving average. =20 Imagine yourself getting in on that market when the prices = crossed above=20 the 200-day MA and getting out of the market when the prices crossed = below the=20 200-day MA. You might have gotten whip-sawed 3 or 4 times between April = and=20 September of 2000 (allowing you to participate in the rallies of June = and=20 August).  But you would = have stayed=20 out of the bear market since September.

 

Are we still in a bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Truth is: nobody knows = yet, because=20 enough time hasn=92t passed. That=92s the way it goes.  In a reversal like this, you = never know=20 whether it=92s rally or the start of a new bull market until enough time = has=20 passed (like the saying goes: Hindsight is 20/20).  But whether we=92re truly in a = bull market=20 or bear market is irrelevant to me. =20 All I care about is our meter. =20 And the meter says this. =20 Yesterday (Aug. 21) QQQ finally crossed above the 50-day EMA, but = it=92s=20 still a long way from reaching the 200-day EMA.  I might get into stocks slowly = and=20 cautiously right now, but I=92m certainly not ready to jump in with both = feet.

 

--=20 Curt

------=_NextPart_000_0080_01C24A26.C1C12AF0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] IBD Cops Lurk Date: 22 Aug 2002 22:18:12 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00B6_01C24A29.CE7CDFC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00B7_01C24A29.CE7CDFC0" ------=_NextPart_001_00B7_01C24A29.CE7CDFC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageI personally think the IBD is a waste of trees. However most = netters should know how to avoid stepping legally on ones toes. If they = had 500,000 subscribers instead of around 200,000 they probably wouldn't = care. Subscriptions must have dropped like rocks the last few years. DanF ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 22, 2002 9:49 PM Subject: Re: [CANSLIM] IBD Cops Lurk Duke, the funny thing is, if you don't identify your primary source = and also "blend in" other sources until the final product is your own = creation, they have no complaint. That is what I was forced to do when = my weekly scans of stocks at or close to new highs came entirely from = DGO. Once or twice I posted the spread sheet of data right from DGO's = report, after deleting every stock I didn't mention (from several = hundred down to about 30). Instead of appreciating that I was showing = non subscribers the quantity and quality of CANSLIM data available from = DGO, they threatened me as well. Seems to be corporate policy of both = DGO and IBD, with presumably lurkers from both companies in our midst.=20 They don't seem to mind when you quote current data on a short list of = stocks, just can't copy directly from them. I will always wonder just = how many articles printed in IBD were a direct result of ideas, comments = and observations of our postings here, and taken from this group without = any attribution or credit. They are strictly one way, what is theirs is = theirs, and what is ours is theirs as well. ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Thursday, August 22, 2002 6:08 PM Subject: [CANSLIM] IBD Cops Lurk All... Earlier this week I got a Certified Letter from IBD warning me that my = posting on July 21st of a spreadsheet from Screen of the Day is in = violation of the Terms and Conditions of Investors.com. =20 I've conversed with several members off list regarding this matter, = and the reactions have been mixed. =20 The point is the material they provide is proprietary. Since not = everyone on this list subscribes to IBD, it's important that when you = post something herein it is not in violation of their Terms and = Conditions. =20 I have my own mixed feelings, ranging from silly to respectful: =20 Silly, because this list is one of the more respected lists out there = (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, = this is it! You can't buy this kind of publicity! The fact that from = time to time we pass along "privileged" information itself stirs = curiosity amongst lurkers, whetting their appetites for more. They = ultimately end up subscribing, etc, etc. =20 I am, however, respectful, because they're right--they own the = material and it's for the personal use only of subscribers. I just = wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton = Anti-Virus prior to being sent.=20 ------=_NextPart_001_00B7_01C24A29.CE7CDFC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
I personally think the IBD is a waste = of trees.=20 However most netters should know how to avoid stepping legally on ones = toes. If=20 they had 500,000 subscribers instead of around 200,000 they probably = wouldn't=20 care. Subscriptions must have dropped like rocks the last few=20 years.
 
DanF
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Thursday, August 22, 2002 = 9:49=20 PM
Subject: Re: [CANSLIM] IBD Cops = Lurk

Duke, the funny thing is, if you don't = identify your=20 primary source and also "blend in" other sources until the final = product is=20 your own creation, they have no complaint. That is what I was forced = to do=20 when my weekly scans of stocks at or close to new highs came entirely = from=20 DGO. Once or twice I posted the spread sheet of data right from DGO's = report,=20 after deleting every stock I didn't mention (from several hundred down = to=20 about 30). Instead of appreciating that I was showing non subscribers = the=20 quantity and quality of CANSLIM data available from DGO, they = threatened me as=20 well. Seems to be corporate policy of both DGO and IBD, with = presumably=20 lurkers from both companies in our midst.
 
They don't seem to mind when you quote current = data on a=20 short list of stocks, just can't copy directly from them. I will = always wonder=20 just how many articles printed in IBD were a direct result of ideas, = comments=20 and observations of our postings here, and taken from this group = without any=20 attribution or credit. They are strictly one way, what is theirs is = theirs,=20 and what is ours is theirs as well.
 
----- Original Message -----=20
From: Duke=20 Miller
To: CANSLIM
Sent: Thursday, August 22, 2002 6:08 PM
Subject: [CANSLIM] IBD Cops Lurk

All...
 
Earlier this = week I got a=20 Certified Letter from IBD warning me that my posting on July = 21st of a=20 spreadsheet from Screen of the Day is in violation of the Terms and = Conditions=20 of Investors.com. 
 
I've = conversed with=20 several members off list regarding this matter, and the reactions have = been=20 mixed. 
 
The point is = the material=20 they provide is proprietary.  Since not everyone on this = list=20 subscribes to IBD, it's important that when you post something herein = it is=20 not in violation of their Terms and Conditions.  =
 
I have my own = mixed=20 feelings, ranging from silly to respectful: 
 
Silly, = because this list=20 is one of the more respected lists out there (as in non-Yahoo-ish), = and if=20 ever there was a bonanza freebie for IBD, this is it!  You can't = buy this=20 kind of publicity!  The fact that from time to time we pass along = "privileged" information itself stirs curiosity amongst lurkers, = whetting=20 their appetites for more. They ultimately end up subscribing, etc, = etc. =20
 
I am, = however,=20 respectful, because they're right--they own the material and it's for = the=20 personal use only of subscribers.  I just wonder which one of us = is the=20 "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Curt Corley" Subject: RE: [CANSLIM] The ultimate "M" meter Date: 22 Aug 2002 21:06:26 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0009_01C24A1F.CAF52420 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks, Tom. I certainly understand the 12-14 work days. I=92ve only = had 4 hours of sleep since yesterday morning myself. You probably noticed I wrote =93HTTMIS=94 instead of =93HTMMIS=94. My sleep deprivation is = probably why I switched tenses too. Sorry for the confusion. =20 Also, thanks to Katherine for the kind reception. =20 Anyway, to get back on topic: I=92ve got some techniques for initial protective stop losses and trailing stop losses that I would like to share with the list in the near future. So stay tuned. But for now, I=92m going to try to get some sleep. =20 Curt =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 22, 2002 8:56 PM =20 Thanks Curt, both for the understanding and the introduction. Because you wrote in the "first person, plural" tense I jumped to the conclusion that you were part of the site you mentioned, should have asked first. My only excuse is too many 12-14 hour work days, six days a week. =20 Working for a defense contractor, I have no doubt you will have some observations that can benefit us all, as it right now appears to me to be a definite candidate for growth for the next few years. And that's despite the unpredictability of govt contracting. =20 ----- Original Message -----=20 Sent: Thursday, August 22, 2002 7:20 PM =20 It certainly wasn=92t my intention to do any commercial solicitation. I = am not -- in any way -- professionally affiliated with the products or people that I mentioned earlier and could not benefit from endorsing their products. I=92m a software engineer working on a missile defense project for a major aeorospace-defense company. The sources I mentioned were used as references only, because I like to back up my words with examples and facts.=20 =20 You=92re right. I definitely did not catch the fact that commercial solicitation is prohibited =96 especially since there have been numerous references to commercial sources within the E-mails here in the last few days, including IBD, Daily Graphs, HTTMIS, and links to cup-with-handle sites. However, I=92m sorry that for the faux pas and will now explain why I joined the group. =20 I started getting interested in investments a few years back because of my 401K account. Unfortunately, I bought into the hype that you should buy indexed funds using dollar-cost averaging. Well, this worked for a while, and I was satisfied with the results. However, when the bear market started about 2 =BD years ago, I lost a considerable sum of = money. Whenever something goes sour, I don=92t cry about it. I analyze what = went wrong and figure out what I can do to correct the problem. So after getting crushed at the onslaught of the bear market, I started studying and reading everything I could get my hands on concerning investment and trading of stock securities. Naturally, my enthusiasm boiled over into the work place. I was talking to a coworker who is a diehard CANSLIM advocate, so I bought the HTTMIS book. WON=92s book made a lot of sense to me, and I decided to learn everything I could about CANSLIM. While searching the internet for CANSLIM sites, I found this mailing list. =20 =20 I was initially offended to be accused of commercial solicitation (can you blame me?). However, after getting over my initial reaction and thinking things over from your point of view, there are no hard feelings. I can understand your concern about the quality of this mailing list. If people let salesmen get on the mailing list and start pitching their products, the list would degenerate with spam. It has been challenging enough to find enough time to read through the dozens of good messages that I=92ve received every day so far. I respect your assertiveness in ensuring the quality of this list. Thank you. =20 From what I=92ve seen so far, you have some great advice on this mailing list. I hope I too can contribute something useful in the future. =20 =20 Curt =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 22, 2002 6:28 AM =20 Curt, if you had lurked here more than a few days, you might have caught the fact that commercial solicitation is prohibited. =20 If that's not what you intended, then I suggest you introduce yourself and tell us why you have joined our group. =20 ----- Original Message -----=20 Sent: Thursday, August 22, 2002 3:16AM =20 I=92ve been lurking here for a few days, and I would like to put in my = two cents=92 worth about the question of whether we=92re in a bull or a bear market. I=92d also like to give my personal opinion of what the = ultimate =93M=94 meter is. But first, I want to get some definitions down to = make sure we=92re speaking the same language here. I will use the = definitions that are put forth by the Dow Theory and which, IMHO, are best described in the book =93Technical Analysis of Stock Trends=94 by by Robert D. Edwards, John Magee, W. H. C. Bassetti (Editor). =20 =20 What=92s a bull/bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D In =93TA of Stock Trends,=94 the authors state that a primary trend is = the general direction of price movement over a year or more. A bull market is a primary trend containing higher highs and higher lows in price. A bear market is a primary trend containing lower highs and lower lows in price. Within the primary trend are secondary trends. Secondary trends last from 3 weeks to many months, and they do not (repeat not) qualify as bear or bull markets. The secondary trends are merely the corrections within a bull market and the rallies within a bear markets. In addition to the primary and secondary trends, there are minor trends that usually last less than 6 days and rarely as long as 3 weeks, but they are of little importance here. The main thing that I would like to get across is this: Using the definitions just described, you can=92t talk about bear and bull markets unless you=92re talking about a time frame of about a year. =20 What do we use for an =93M=94 Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Now that the definitions are out of the way, we can talk about how to get in and out of bull markets easily using our =93M=94 meter. If = you=92re having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might try CANSLIM=92ing during a rally within the bear market. You can use = our =93M=94 meter to detect rallies as well. The =93M=94 meter is so simple = that I feel like a few of you are not going to believe me and will tell me to pack sand =96 but, oh well, here it goes. The =93M=94 meters are moving averages. =20 For a good explanation as to why this works, visit http://www.401k-maximizer.com/. =20 =20 How do we use the =93M=94 Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D The index you choose to graph will depend on the kind of security = you=92re investing in. For general growth stocks, the QQQ ticker symbol (NASDAQ) is a good one to use. For especially small cap growth stocks, you can choose one of the Russell indexes, such as the Russell 2000. To get a feel for whether you=92re in a bull/bear market, plot the index against = a 200-day moving average. To get a feel for whether you=92re in a rally/correction, plot the index against a 50-day moving average. The reasons we choose a 200-day average for bear/bull =93M=94 indicator are because it is: (1) a length of time that approximates the number of trading days in one year =96 the minimum time frame for a bull/bear market, and (2) it is an indicator that is highly watched by many elephants. The reasons we choose a 50-day average for the rally/correction =93M=94 indicator are fairly the same: (1) it=92s a = highly watched indicator, (2) it is a time frame that makes a good compromise between getting you in and out of a rally without whipsawing you in and out. =20 Defense of the =93M=94 Meter =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Try plotting a 3-year graph of QQQ against a 200-day EMA moving average. Imagine yourself getting in on that market when the prices crossed above the 200-day MA and getting out of the market when the prices crossed below the 200-day MA. You might have gotten whip-sawed 3 or 4 times between April and September of 2000 (allowing you to participate in the rallies of June and August). But you would have stayed out of the bear market since September. =20 Are we still in a bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Truth is: nobody knows yet, because enough time hasn=92t passed. = That=92s the way it goes. In a reversal like this, you never know whether it=92s rally or the start of a new bull market until enough time has passed (like the saying goes: Hindsight is 20/20). But whether we=92re truly = in a bull market or bear market is irrelevant to me. All I care about is our meter. And the meter says this. Yesterday (Aug. 21) QQQ finally crossed above the 50-day EMA, but it=92s still a long way from reaching the 200-day EMA. I might get into stocks slowly and cautiously right now, but I=92m certainly not ready to jump in with both feet. =20 -- Curt ------=_NextPart_000_0009_01C24A1F.CAF52420 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Thanks, Tom.=A0 I certainly understand the 12-14 = work days.=A0 I’ve only had 4 = hours of sleep since yesterday morning myself. You probably noticed I wrote = “HTTMIS” instead of “HTMMIS”.=A0 = My sleep deprivation is probably why I switched tenses too.=A0 Sorry for the = confusion.

 

Also, thanks to Katherine for the = kind reception.

 

Anyway, to get back on topic:=A0 I’ve got some techniques for = initial protective stop losses and trailing stop losses that I would like to = share with the list in the near future.=A0 = So stay tuned.=A0 But for now, I’m = going to try to get some sleep.

 

Curt

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: = Thursday, August 22, = 2002 8:56 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = The ultimate "M" meter

 

Thanks Curt, both for the understanding and the introduction. Because you wrote in the "first person, plural" tense I jumped to the conclusion that you were part = of the site you mentioned, should have asked first. My only excuse is too many = 12-14 hour work days, six days a week.

 

Working for a defense = contractor, I have no doubt you will have some observations that can benefit us all, = as it right now appears to me to be a definite candidate for growth for the = next few years. And that's despite the unpredictability of govt = contracting.

 

----- Original Message = -----

Sent: Thursday, August 22, = 2002 7:20 PM

Subject: RE: [CANSLIM] The ultimate "M" meter

 

It certainly = wasn’t my intention to do any commercial solicitation. I am not -- in any way = -- professionally affiliated with the products or people that I mentioned = earlier and could not benefit from endorsing their products.=A0 I’m a software engineer = working on a missile defense project for a major aeorospace-defense company.=A0 The sources I mentioned were used = as references only, because I like to back up my words with examples and = facts.

 =

You’re = right.=A0 I definitely did not catch the = fact that commercial solicitation is prohibited – especially since there = have been numerous references to commercial sources within the E-mails here in the = last few days, including IBD, Daily Graphs, HTTMIS, and links to = cup-with-handle sites.=A0=A0 However, I’m = sorry that for the faux pas and will now explain why I joined the = group.

 =

I started = getting interested in investments a few years back because of my 401K = account.=A0 Unfortunately, I bought into the = hype that you should buy indexed funds using dollar-cost averaging.=A0 Well, this worked for a while, and = I was satisfied with the results.=A0 = However, when the bear market started about 2 =BD years ago, I lost a considerable sum = of money.=A0 Whenever something = goes sour, I don’t cry about it.=A0 I = analyze what went wrong and figure out what I can do to correct the problem.=A0 So after getting crushed at the = onslaught of the bear market, I started studying and reading everything I could get = my hands on concerning investment and trading of stock securities.=A0 Naturally, my enthusiasm boiled = over into the work place.=A0 I was talking to = a coworker who is a diehard CANSLIM advocate, so I bought the HTTMIS book.=A0 WON’s book made a lot of = sense to me, and I decided to learn everything I could about CANSLIM.=A0 While searching the internet for = CANSLIM sites, I found this mailing list.=A0 =

 =

I was initially = offended to be accused of commercial solicitation (can you blame me?).=A0 However, after getting over my = initial reaction and thinking things over from your point of view, there are no = hard feelings.=A0 I can understand = your concern about the quality of this mailing list.=A0 If people let salesmen get on the mailing list and start pitching = their products, the list would degenerate with spam.=A0 It has been challenging enough to find enough time to read = through the dozens of good messages that I’ve received every day so far.=A0 I respect your assertiveness in = ensuring the quality of this list.=A0 Thank = you.

 =

From what = I’ve seen so far, you have some great advice on this mailing list.=A0=A0 I hope I too can contribute = something useful in the future.=A0 =

 =

Curt

 =

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com<= /span>] On Behalf Of Tom Worley
Sent: = Thursday, August 22, = 2002 6:28 AM
To: = canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = The ultimate "M" meter

 

Curt, if you had lurked = here more than a few days, you might have caught the fact that commercial = solicitation is prohibited.

 

If that's not what you = intended, then I suggest you introduce yourself and tell us why you have joined = our group.

 

----- Original Message = -----

From: Curt Corley =

Sent: Thursday, August 22, = 2002 3:16AM

Subject: [CANSLIM] The ultimate "M" meter

 

I’ve been lurking = here for a few days, and I would like to put in my two cents’ worth about the question of whether we’re in a bull or a bear market.=A0 I’d also like to give my = personal opinion of what the ultimate “M” meter is.=A0 But first, I want to get some = definitions down to make sure we’re speaking the same language here.=A0 I will use the definitions that = are put forth by the Dow Theory and which, IMHO, are best described in the book “Technical Analysis of Stock Trends” by by = Robert D. Edwards, John Magee, W. H. C. Bassetti (Editor).=A0

 

What’s a bull/bear = market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D

In “TA of Stock = Trends,” the authors state that a primary trend is the general direction of price movement over a year or more.=A0 = A bull market is a primary trend containing higher highs and higher lows in price.=A0 A bear market is a = primary trend containing lower highs and lower lows in price.=A0 Within the primary trend are secondary trends.=A0 Secondary trends last from 3 weeks = to many months, and they do not (repeat not) qualify as bear or bull = markets.=A0 The secondary trends are merely = the corrections within a bull market and the rallies within a bear = markets.=A0 In addition to the primary and = secondary trends, there are minor trends that usually last less than 6 days and = rarely as long as 3 weeks, but they are of little importance here.=A0 The main thing that I would like = to get across is this:=A0 Using the = definitions just described, you can’t talk about bear and bull markets unless you’re talking about a time frame of about a = year.

 

What do we use for an “M” Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Now that the definitions = are out of the way, we can talk about how to get in and out of bull markets easily = using our “M” meter.=A0 If you’re having CWs (i.e., CANSLIM Withdrawals) during a bear = market, you might try CANSLIM’ing during a rally within the bear market.=A0 You can use our “M” = meter to detect rallies as well.=A0 The “M” meter is so simple that I feel like a few of you are not = going to believe me and will tell me to pack sand – but, oh well, here = it goes.=A0 The “M” meters are = moving averages.=A0 =

For a good explanation as = to why this works, visit http://www.401k-maximizer.com/.=A0=A0=A0 =

 

How do we use the = “M” Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

The index you choose to = graph will depend on the kind of security you’re investing in.=A0 For general growth stocks, the QQQ = ticker symbol (NASDAQ) is a good one to use.=A0 For especially small cap growth stocks, you can choose one of the Russell indexes, such as the Russell 2000.=A0 To get a feel for whether you’re in a bull/bear market, = plot the index against a 200-day moving average.=A0 To get a feel for whether you’re in a rally/correction, = plot the index against a 50-day moving average.=A0 The reasons we choose a 200-day average for bear/bull = “M” indicator are because it is: (1) a length of time that approximates the = number of trading days in one year – the minimum time frame for a = bull/bear market, and (2) it is an indicator that is highly watched by many elephants.=A0 The reasons we = choose a 50-day average for the rally/correction “M” indicator are = fairly the same: (1) it’s a highly watched indicator, (2) it is a time frame = that makes a good compromise between getting you in and out of a rally = without whipsawing you in and out.

 

Defense of the = “M” Meter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D

Try plotting a 3-year graph = of QQQ against a 200-day EMA moving average.=A0 Imagine yourself getting in on that market when the prices = crossed above the 200-day MA and getting out of the market when the prices crossed = below the 200-day MA. You might have gotten whip-sawed 3 or 4 times between April = and September of 2000 (allowing you to participate in the rallies of June = and August).=A0 But you would have = stayed out of the bear market since September.

 

Are we still in a bear = market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Truth is: nobody knows yet, = because enough time hasn’t passed. That’s the way it goes.=A0 In a reversal like this, you never = know whether it’s rally or the start of a new bull market until enough = time has passed (like the saying goes: Hindsight is 20/20).=A0 But whether we’re truly in a = bull market or bear market is irrelevant to me.=A0 = All I care about is our meter.=A0 = And the meter says this.=A0 Yesterday (Aug. = 21) QQQ finally crossed above the 50-day EMA, but it’s still a long way = from reaching the 200-day EMA.=A0 I = might get into stocks slowly and cautiously right now, but I’m certainly not = ready to jump in with both feet.

 

-- = Curt

------=_NextPart_000_0009_01C24A1F.CAF52420-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] The ultimate "M" meter Date: 22 Aug 2002 22:30:22 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00CF_01C24A2B.80EA8EE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable good night Curt, and thanks for understanding. Does your lack of sleep mean your defense contractor is also hopping = with an influx of new orders suddenly? ----- Original Message -----=20 Sent: Thursday, August 22, 2002 10:06 PM Thanks, Tom. I certainly understand the 12-14 work days. I've only had = 4 hours of sleep since yesterday morning myself. You probably noticed I = wrote "HTTMIS" instead of "HTMMIS". My sleep deprivation is probably = why I switched tenses too. Sorry for the confusion. =20 Also, thanks to Katherine for the kind reception. =20 Anyway, to get back on topic: I've got some techniques for initial = protective stop losses and trailing stop losses that I would like to = share with the list in the near future. So stay tuned. But for now, = I'm going to try to get some sleep. =20 Curt =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 22, 2002 8:56 PM =20 Thanks Curt, both for the understanding and the introduction. Because = you wrote in the "first person, plural" tense I jumped to the conclusion = that you were part of the site you mentioned, should have asked first. = My only excuse is too many 12-14 hour work days, six days a week. =20 Working for a defense contractor, I have no doubt you will have some = observations that can benefit us all, as it right now appears to me to = be a definite candidate for growth for the next few years. And that's = despite the unpredictability of govt contracting. =20 ----- Original Message -----=20 Sent: Thursday, August 22, 2002 7:20 PM =20 It certainly wasn't my intention to do any commercial solicitation. I am = not -- in any way -- professionally affiliated with the products or = people that I mentioned earlier and could not benefit from endorsing = their products. I'm a software engineer working on a missile defense = project for a major aeorospace-defense company. The sources I mentioned = were used as references only, because I like to back up my words with = examples and facts.=20 =20 You're right. I definitely did not catch the fact that commercial = solicitation is prohibited - especially since there have been numerous = references to commercial sources within the E-mails here in the last few = days, including IBD, Daily Graphs, HTTMIS, and links to cup-with-handle = sites. However, I'm sorry that for the faux pas and will now explain = why I joined the group. =20 I started getting interested in investments a few years back because of = my 401K account. Unfortunately, I bought into the hype that you should = buy indexed funds using dollar-cost averaging. Well, this worked for a = while, and I was satisfied with the results. However, when the bear = market started about 2 =BD years ago, I lost a considerable sum of = money. Whenever something goes sour, I don't cry about it. I analyze = what went wrong and figure out what I can do to correct the problem. So = after getting crushed at the onslaught of the bear market, I started = studying and reading everything I could get my hands on concerning = investment and trading of stock securities. Naturally, my enthusiasm = boiled over into the work place. I was talking to a coworker who is a = diehard CANSLIM advocate, so I bought the HTTMIS book. WON's book made = a lot of sense to me, and I decided to learn everything I could about = CANSLIM. While searching the internet for CANSLIM sites, I found this = mailing list. =20 =20 I was initially offended to be accused of commercial solicitation (can = you blame me?). However, after getting over my initial reaction and = thinking things over from your point of view, there are no hard = feelings. I can understand your concern about the quality of this = mailing list. If people let salesmen get on the mailing list and start = pitching their products, the list would degenerate with spam. It has = been challenging enough to find enough time to read through the dozens = of good messages that I've received every day so far. I respect your = assertiveness in ensuring the quality of this list. Thank you. =20 From what I've seen so far, you have some great advice on this mailing = list. I hope I too can contribute something useful in the future. =20 =20 Curt =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Thursday, August 22, 2002 6:28 AM =20 Curt, if you had lurked here more than a few days, you might have caught = the fact that commercial solicitation is prohibited. =20 If that's not what you intended, then I suggest you introduce yourself = and tell us why you have joined our group. =20 ----- Original Message -----=20 Sent: Thursday, August 22, 2002 3:16AM =20 I've been lurking here for a few days, and I would like to put in my two = cents' worth about the question of whether we're in a bull or a bear = market. I'd also like to give my personal opinion of what the ultimate = "M" meter is. But first, I want to get some definitions down to make = sure we're speaking the same language here. I will use the definitions = that are put forth by the Dow Theory and which, IMHO, are best described = in the book "Technical Analysis of Stock Trends" by by Robert D. = Edwards, John Magee, W. H. C. Bassetti (Editor). =20 =20 What's a bull/bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D In "TA of Stock Trends," the authors state that a primary trend is the = general direction of price movement over a year or more. A bull market = is a primary trend containing higher highs and higher lows in price. A = bear market is a primary trend containing lower highs and lower lows in = price. Within the primary trend are secondary trends. Secondary trends = last from 3 weeks to many months, and they do not (repeat not) qualify = as bear or bull markets. The secondary trends are merely the = corrections within a bull market and the rallies within a bear markets. = In addition to the primary and secondary trends, there are minor trends = that usually last less than 6 days and rarely as long as 3 weeks, but = they are of little importance here. The main thing that I would like to = get across is this: Using the definitions just described, you can't = talk about bear and bull markets unless you're talking about a time = frame of about a year. =20 What do we use for an "M" Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Now that the definitions are out of the way, we can talk about how to = get in and out of bull markets easily using our "M" meter. If you're = having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might = try CANSLIM'ing during a rally within the bear market. You can use our = "M" meter to detect rallies as well. The "M" meter is so simple that I = feel like a few of you are not going to believe me and will tell me to = pack sand - but, oh well, here it goes. The "M" meters are moving = averages. =20 For a good explanation as to why this works, visit = http://www.401k-maximizer.com/. =20 =20 How do we use the "M" Meter? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D The index you choose to graph will depend on the kind of security you're = investing in. For general growth stocks, the QQQ ticker symbol (NASDAQ) = is a good one to use. For especially small cap growth stocks, you can = choose one of the Russell indexes, such as the Russell 2000. To get a = feel for whether you're in a bull/bear market, plot the index against a = 200-day moving average. To get a feel for whether you're in a = rally/correction, plot the index against a 50-day moving average. The = reasons we choose a 200-day average for bear/bull "M" indicator are = because it is: (1) a length of time that approximates the number of = trading days in one year - the minimum time frame for a bull/bear = market, and (2) it is an indicator that is highly watched by many = elephants. The reasons we choose a 50-day average for the = rally/correction "M" indicator are fairly the same: (1) it's a highly = watched indicator, (2) it is a time frame that makes a good compromise = between getting you in and out of a rally without whipsawing you in and = out. =20 Defense of the "M" Meter =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Try plotting a 3-year graph of QQQ against a 200-day EMA moving average. = Imagine yourself getting in on that market when the prices crossed = above the 200-day MA and getting out of the market when the prices = crossed below the 200-day MA. You might have gotten whip-sawed 3 or 4 = times between April and September of 2000 (allowing you to participate = in the rallies of June and August). But you would have stayed out of = the bear market since September. =20 Are we still in a bear market? =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Truth is: nobody knows yet, because enough time hasn't passed. That's = the way it goes. In a reversal like this, you never know whether it's = rally or the start of a new bull market until enough time has passed = (like the saying goes: Hindsight is 20/20). But whether we're truly in = a bull market or bear market is irrelevant to me. All I care about is = our meter. And the meter says this. Yesterday (Aug. 21) QQQ finally = crossed above the 50-day EMA, but it's still a long way from reaching = the 200-day EMA. I might get into stocks slowly and cautiously right = now, but I'm certainly not ready to jump in with both feet. =20 -- Curt ------=_NextPart_000_00CF_01C24A2B.80EA8EE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
good night Curt, and thanks for=20 understanding.
 
Does your lack of sleep mean your defense = contractor is=20 also hopping with an influx of new orders suddenly?
 

Thanks, = Tom.  I certainly understand the = 12-14 work=20 days.  I=92ve only had 4 = hours of=20 sleep since yesterday morning myself. You probably noticed I wrote = =93HTTMIS=94=20 instead of =93HTMMIS=94.  = My sleep=20 deprivation is probably why I switched tenses too.  Sorry for the=20 confusion.

 

Also, thanks = to=20 Katherine for the kind reception.

 

Anyway, to = get back on=20 topic:  I=92ve got some = techniques for=20 initial protective stop losses and trailing stop losses that I would = like to=20 share with the list in the near future. =20 So stay tuned.  But = for now,=20 I=92m going to try to get some sleep.

 

Curt

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom=20 Worley
Sent:=20 Thursday, = August 22,=20 2002 8:56=20 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] The = ultimate "M"=20 meter

 

Thanks Curt, both for the=20 understanding and the introduction. Because you wrote in the "first = person,=20 plural" tense I jumped to the conclusion that you were part of the site = you=20 mentioned, should have asked first. My only excuse is too many 12-14 = hour work=20 days, six days a week.

 

Working for a defense = contractor, I=20 have no doubt you will have some observations that can benefit us all, = as it=20 right now appears to me to be a definite candidate for growth for the = next few=20 years. And that's despite the unpredictability of govt=20 contracting.

 

----- Original Message = -----=20

From: Curt = Corley=20

To: canslim@lists.xmission.com= =20

Sent:=20 Thursday, = August 22,=20 2002 7:20=20 PM

Subject: RE:=20 [CANSLIM] The ultimate "M" = meter

 

It=20 certainly wasn=92t my intention to do any commercial solicitation. I am = not -- in=20 any way -- professionally affiliated with the products or people that I=20 mentioned earlier and could not benefit from endorsing their = products.  I=92m a software engineer = working on a=20 missile defense project for a major aeorospace-defense company.  The sources I mentioned were = used as=20 references only, because I like to back up my words with examples and = facts.=20

 

You=92re=20 right.  I definitely did = not catch=20 the fact that commercial solicitation is prohibited =96 especially since = there=20 have been numerous references to commercial sources within the E-mails = here in=20 the last few days, including IBD, Daily Graphs, HTTMIS, and links to=20 cup-with-handle sites.  =20 However, I=92m sorry that for the faux pas and will now explain = why I=20 joined the group.

 

I started=20 getting interested in investments a few years back because of my 401K=20 account.  Unfortunately, I = bought=20 into the hype that you should buy indexed funds using dollar-cost=20 averaging.  Well, this = worked for a=20 while, and I was satisfied with the results.  However, when the bear market = started=20 about 2 =BD years ago, I lost a considerable sum of money.  Whenever something goes sour, = I don=92t=20 cry about it.  I analyze = what went=20 wrong and figure out what I can do to correct the problem.  So after getting crushed at = the=20 onslaught of the bear market, I started studying and reading everything = I could=20 get my hands on concerning investment and trading of stock = securities.  Naturally, my enthusiasm = boiled over=20 into the work place.  I = was talking=20 to a coworker who is a diehard CANSLIM advocate, so I bought the HTTMIS=20 book.  WON=92s book made a = lot of=20 sense to me, and I decided to learn everything I could about = CANSLIM.  While searching the internet = for CANSLIM=20 sites, I found this mailing list. =20

 

I was=20 initially offended to be accused of commercial solicitation (can you = blame=20 me?).  However, after = getting over=20 my initial reaction and thinking things over from your point of view, = there are=20 no hard feelings.  I can = understand=20 your concern about the quality of this mailing list.  If people let salesmen get on = the=20 mailing list and start pitching their products, the list would = degenerate with=20 spam.  It has been = challenging=20 enough to find enough time to read through the dozens of good messages = that I=92ve=20 received every day so far.  = I=20 respect your assertiveness in ensuring the quality of this list.  Thank = you.

 

From what=20 I=92ve seen so far, you have some great advice on this mailing = list.   I hope I too can = contribute=20 something useful in the future. =20

 

Curt

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom = Worley
Sent: Thursday, August 22,=20 2002 6:28=20 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] The = ultimate "M"=20 meter

 

Curt, if you had lurked = here more=20 than a few days, you might have caught the fact that commercial = solicitation is=20 prohibited.

 

If that's not what you = intended,=20 then I suggest you introduce yourself and tell us why you have joined = our=20 group.

 

----- Original Message = -----=20

From: Curt = Corley=20

To: canslim@lists.xmission.com= =20

Sent:=20 Thursday, = August 22,=20 2002 3:16AM

Subject: [CANSLIM]=20 The ultimate "M" meter

 

I=92ve been lurking here = for a few=20 days, and I would like to put in my two cents=92 worth about the = question of=20 whether we=92re in a bull or a bear market. =20 I=92d also like to give my personal opinion of what the ultimate = =93M=94 meter=20 is.  But first, I want to = get some=20 definitions down to make sure we=92re speaking the same language = here.  I will use the definitions = that are put=20 forth by the Dow Theory and which, IMHO, are best described in the book=20 =93Technical Analysis of Stock Trends=94 by by Robert = D. Edwards, John=20 Magee, W.=20 H. C. Bassetti (Editor). 

 

What=92s a bull/bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

In =93TA of Stock = Trends,=94 the authors=20 state that a primary trend is the general direction of price movement = over a=20 year or more.  A bull = market is a=20 primary trend containing higher highs and higher lows in price.  A bear market is a primary = trend=20 containing lower highs and lower lows in price.  Within the primary trend are = secondary=20 trends.  Secondary trends = last from=20 3 weeks to many months, and they do not (repeat not) qualify as bear or = bull=20 markets.  The secondary = trends are=20 merely the corrections within a bull market and the rallies within a = bear=20 markets.  In addition to = the primary=20 and secondary trends, there are minor trends that usually last less than = 6 days=20 and rarely as long as 3 weeks, but they are of little importance = here.  The main thing that I would = like to get=20 across is this:  Using the = definitions just described, you can=92t talk about bear and bull markets = unless=20 you=92re talking about a time frame of about a = year.

 

What do we use for an = =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D

Now that the definitions = are out of=20 the way, we can talk about how to get in and out of bull markets easily = using=20 our =93M=94 meter.  If = you=92re having CWs=20 (i.e., CANSLIM Withdrawals) during a bear market, you might try = CANSLIM=92ing=20 during a rally within the bear market. =20 You can use our =93M=94 meter to detect rallies as well.  The =93M=94 meter is so simple = that I feel=20 like a few of you are not going to believe me and will tell me to pack = sand =96=20 but, oh well, here it goes.  = The =93M=94=20 meters are moving averages. =20

For a good explanation as = to why=20 this works, visit http://www.401k-maximizer.com/.   =20

 

How do we use the =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

The index you choose to = graph will=20 depend on the kind of security you=92re investing in.  For general growth stocks, the = QQQ=20 ticker symbol (NASDAQ) is a good one to use.  For especially small cap = growth stocks,=20 you can choose one of the Russell indexes, such as the Russell = 2000.  To get a feel for whether = you=92re in a=20 bull/bear market, plot the index against a 200-day moving average.  To get a feel for whether = you=92re in a=20 rally/correction, plot the index against a 50-day moving average.  The reasons we choose a = 200-day average=20 for bear/bull =93M=94 indicator are because it is: (1) a length of time = that=20 approximates the number of trading days in one year =96 the minimum time = frame for=20 a bull/bear market, and (2) it is an indicator that is highly watched by = many=20 elephants.  The reasons we = choose a=20 50-day average for the rally/correction =93M=94 indicator are fairly the = same: (1)=20 it=92s a highly watched indicator, (2) it is a time frame that makes a = good=20 compromise between getting you in and out of a rally without whipsawing = you in=20 and out.

 

Defense of the =93M=94=20 Meter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D<= /SPAN>

Try plotting a 3-year = graph of QQQ=20 against a 200-day EMA moving average. =20 Imagine yourself getting in on that market when the prices = crossed above=20 the 200-day MA and getting out of the market when the prices crossed = below the=20 200-day MA. You might have gotten whip-sawed 3 or 4 times between April = and=20 September of 2000 (allowing you to participate in the rallies of June = and=20 August).  But you would = have stayed=20 out of the bear market since September.

 

Are we still in a bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Truth is: nobody knows = yet, because=20 enough time hasn=92t passed. That=92s the way it goes.  In a reversal like this, you = never know=20 whether it=92s rally or the start of a new bull market until enough time = has=20 passed (like the saying goes: Hindsight is 20/20).  But whether we=92re truly in a = bull market=20 or bear market is irrelevant to me. =20 All I care about is our meter. =20 And the meter says this. =20 Yesterday (Aug. 21) QQQ finally crossed above the 50-day EMA, but = it=92s=20 still a long way from reaching the 200-day EMA.  I might get into stocks slowly = and=20 cautiously right now, but I=92m certainly not ready to jump in with both = feet.

 

--=20 Curt

------=_NextPart_000_00CF_01C24A2B.80EA8EE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Jeff Bogatay" Subject: [CANSLIM] TradingMarkets Date: 22 Aug 2002 22:49:16 -0400 While chatting with the webmaster at tradingmarkets.com, he extended an offer for this mailing list. A free 3 month trial for Canslimmers. I have no affiliation whatsoever, just passing the offer along. Some of the intermediate term tutorials are very canslimmish, and they have a cup with handle scanner as well. I haven't spent much time there yet, so YMMV. http://www.tradingmarkets.com/index.cfm/trial/?src=CML - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] TradingMarkets Date: 23 Aug 2002 07:04:45 -0600 I dont know if they will give you full access to all of the tutorials and courses (they dont give it to the regular trial members) But some of the more useful tools that they do have are Their stock scanner you can scan for RS 12, 9, 6, and 3 months and some other stuff. Also Gary Kaultbaum, Tim Truenbach, and Mark Boucher write every week and are entirely worth your time to read. They are all CANSLIMish and in Tims case CANSLIM only or so it appears. The site does do its share of self advertising but then again so does WON but at least in my case I find the content to be worth more than enough to get past the advertising. If you are able to access the tutorials then read the Kuhn/Marder and Mark Boucher courses. I have obviously enjoyed the site. Happy Trading, David -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Bogatay Sent: Thursday, August 22, 2002 8:49 PM While chatting with the webmaster at tradingmarkets.com, he extended an offer for this mailing list. A free 3 month trial for Canslimmers. I have no affiliation whatsoever, just passing the offer along. Some of the intermediate term tutorials are very canslimmish, and they have a cup with handle scanner as well. I haven't spent much time there yet, so YMMV. http://www.tradingmarkets.com/index.cfm/trial/?src=CML - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Rubin" Subject: [CANSLIM] CVH Date: 23 Aug 2002 10:38:20 -0400 CVH pulling back to the pivot and below. Second opportunity or failed BO? Personally I think the volume since the breakout is suspect so I won't be nibbling here. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] CVH Date: 23 Aug 2002 08:40:40 -0600 That is looking like a bigger pullback then I would trade. We will see what it does the last hour of trading. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Rubin Sent: Friday, August 23, 2002 8:38 AM CVH pulling back to the pivot and below. Second opportunity or failed BO? Personally I think the volume since the breakout is suspect so I won't be nibbling here. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] TradingMarkets Date: 23 Aug 2002 10:01:39 -0500 To all on the list - if you are serious about investing/trading - tradingmarkets is one of the best sites around. We have been subscribers for quite some time and continue to find new ways to learn from them. The education tutorials are amazing. Greg Kuhn used to be a contributor and he has/had a complete lesson plan on C&H formations. Very informative. There are other lesson plans from top investment professionals that anyone on this line can benefit from. I believe Katherine is very familiar with Mark Boucher whose own lesson plan on Tradingmarkets.com is phenomenal. Probably one of the most succinct tutorials available. No - I am not affiliated with TM but I am one of their most ardent supporters. Ed Gjertsen II ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Alicia Lensing" Subject: Re: [CANSLIM] TradingMarkets Date: 23 Aug 2002 10:30:00 -0500 I, too, have been using Trading Markets for years, and have learned so much from their site. The archives are great. There is a wealth of information here for traders of all types: long term, intermediate, and short-term. I highly recommend the site, too, and I am in no way affiliated with the company. Alicia ----- Original Message ----- Sent: Friday, August 23, 2002 8:04 AM > I dont know if they will give you full access to all of the tutorials and > courses (they dont give it to the regular trial members) But some of the > more useful tools that they do have are Their stock scanner you can scan for > RS 12, 9, 6, and 3 months and some other stuff. Also Gary Kaultbaum, Tim > Truenbach, and Mark Boucher write every week and are entirely worth your > time to read. They are all CANSLIMish and in Tims case CANSLIM only or so > it appears. The site does do its share of self advertising but then again > so does WON but at least in my case I find the content to be worth more than > enough to get past the advertising. If you are able to access the tutorials > then read the Kuhn/Marder and Mark Boucher courses. I have obviously > enjoyed the site. > > Happy Trading, > David > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Bogatay > Sent: Thursday, August 22, 2002 8:49 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] TradingMarkets > > > While chatting with the webmaster at tradingmarkets.com, he extended an > offer for this mailing list. A free 3 month trial for Canslimmers. > > I have no affiliation whatsoever, just passing the offer along. > > Some of the intermediate term tutorials are very canslimmish, and they > have a cup with handle scanner as well. I haven't spent much time there > yet, so YMMV. > > http://www.tradingmarkets.com/index.cfm/trial/?src=CML > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: RE: [CANSLIM] IBD Cops Lurk Date: 23 Aug 2002 12:31:41 -0400 This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. ------_=_NextPart_000_01C24AC2.8F8E3E50 Content-Type: multipart/alternative; boundary="----_=_NextPart_001_01C24AC2.8F8E3E50" ------_=_NextPart_001_01C24AC2.8F8E3E50 Content-Type: text/plain; charset="iso-8859-1" Hello, As a new member of this group, I have benefited greatly from folks posting their own original concepts and ideas. In some cases, DGO and IBD were one of many sources used to substantiate the presentation. I cannot appreciate IBD's exaggerated and unwarranted action towards this group. No doubt IBD has at least one attorney on staff looking to justify his/her salary. As others have said, a truly objective and fair evaluation of the information exchange between this exemplary group and IBD would conclude that IBD gains far more from us than we from them. The only difference is that this group does not have a lawyer on staff. Also, I feel they a picking on the group because it is an easy target. What is to stop anyone of us from saving charts/data from the IBD and DGO sites and then sharing that data with several friends via private e-mail? When I am knowledgeable enough to contribute to this board, I will simply create an untraceable e-mail account and post items from there. I'm sure glad that the light bulb was not invented by IBD or the music and motion picture industries. If it were, we would be paying a royalty on each bulb, and there would be a lucrative black market for importing bulbs from Canada. Sorry for this rant but IBD is really being unreasonable. jg P.S. IBD come and get me! -----Original Message----- Sent: Thursday, August 22, 2002 6:09 PM All... Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. I've conversed with several members off list regarding this matter, and the reactions have been mixed. The point is the material they provide is proprietary. Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. I have my own mixed feelings, ranging from silly to respectful: Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it! You can't buy this kind of publicity! The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers. I just wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------_=_NextPart_001_01C24AC2.8F8E3E50 Content-Type: text/html; charset="iso-8859-1" Message
Hello,
 
As a new member of this group, I have benefited greatly from folks posting their own original concepts and ideas.  In some cases, DGO and IBD were one of many sources used to substantiate the presentation.  I cannot appreciate IBD's exaggerated and unwarranted action towards this group.  No doubt IBD has at least one attorney on staff looking to justify his/her salary.
 
As others have said, a truly objective and fair evaluation of the information exchange between this exemplary group and IBD  would conclude that IBD gains far more from us than we from them.  The only difference is that this group does not have a lawyer on staff.  Also, I feel they a picking on the group because it is an easy target.  What is to stop anyone of us from saving charts/data from the IBD and DGO sites and then sharing that data with several friends via private e-mail?
 
When I am knowledgeable enough to contribute to this board, I will simply create an untraceable e-mail account and post items from there.  I'm sure glad that the light bulb was not invented by IBD or the music and motion picture industries.  If it were, we would be paying a royalty on each bulb, and there would be a lucrative black market for importing bulbs from Canada.
 
Sorry for this rant but IBD is really being unreasonable.  jg
 
P.S.  IBD come and get me!
-----Original Message-----
From: Duke Miller [mailto:dukemill@tampabay.rr.com]
Sent: Thursday, August 22, 2002 6:09 PM
To: CANSLIM
Subject: [CANSLIM] IBD Cops Lurk

All...
 
Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. 
 
I've conversed with several members off list regarding this matter, and the reactions have been mixed. 
 
The point is the material they provide is proprietary.  Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. 
 
I have my own mixed feelings, ranging from silly to respectful: 
 
Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it!  You can't buy this kind of publicity!  The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. 
 
I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers.  I just wonder which one of us is the "mole".
 
C'est la vie....
 
Duke
 

This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent.

 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Chris Mc" Subject: Re: [CANSLIM] eIBD Date: 23 Aug 2002 10:09:37 -0700 Hello to all - yes I'm still here and learning alot thanks to all of you. Today is Friday - when I picked up our mail yesterday (Post Office delivery only in Big Bear) after being out of town Tues and Wed, I had Wednesday's paper, but no Tuesday and no Thursday. There's a 50-50 chance that I might get Thursday's today. This is no fault of IBD because I have constant delivery problems here in Big Bear and IBD has graciously extended my subscription when issues missed. If I go to the front desk and ask for the paper, sometimes it's there, sometimes it's not. For several weeks in a row, I missed Monday's paper. (I think there's an investor at the Post Office that can't afford to subscribe so he/she helps themselves to my paper) I can still get alot of info on the Website, but I still like to read the paper. It's very confusing when I read Tuesday's paper on Friday. Remember I'm still in the learning curve and like to soak in as much as possible. eIBD would be beneficial to me but still need to check into cost factor. Chris Mc ----- Original Message ----- Sent: Tuesday, August 20, 2002 9:19 PM > I have never completely understood either IBD's or DGO's pricing. It's like > it is done strictly on costs to develop, without regard to effective > marketing. Look at DGO's price for their Custom Screens (which I still say > should be an integral part of the basic subscription), or Groups data. Can > people really be so desperate for an e version of the paper a few hours > ahead of when they could get a paper copy that they will pay this premium? > Can there be so many interested subscribers that live where they cannot > subscribe to the paper version? (presumably mostly outside the USA)? > > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Wednesday, August 21, 2002 12:03 AM > Subject: Re: [CANSLIM] eIBD > > More money??? Yikes! Add the that the one big blunder I see: PDF format. > Very slow format even with a broadband connection. It will be interesting to > see how the pricing of the paper version fares next year. Somthing smells of > increase at that end also. > > -Bill > > ----- Original Message ----- > From: "Roger" > To: > Sent: Tuesday, August 20, 2002 8:08 PM > Subject: [CANSLIM] eIBD > > > hi all, > > > > fyi, WON and friends recently announced the electronic version of IBD, > called > > eIBD. you can check it out at www.investors.com/eibdoffer/ > > > > however, given the annual subscription rate of 319$usd, which is almost > 50% > > more that the annual IBD subscription rate, i wonder how they can justify > this? > > > > Roger Tawa > > [One thing about paradigms: shift happens.] > > > > > > ________________________________________________ > > Get your own "800" number > > Voicemail, fax, email, and a lot more > > http://www.ureach.com/reg/tag > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: David Thompson Subject: Re: [CANSLIM] Breakout Blues Date: 23 Aug 2002 10:13:17 -0700 Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Breakout Blues Date: 23 Aug 2002 12:42:41 -0500 David et al, Come on! I'm just starting to feel comfortable with CANSLIM. Don't go = and tell me I have to learn the opposite of CANSLIM now! My head is = spinning- I think I'll go lay down... Kelly -----Original Message----- Sent: Friday, August 23, 2002 12:13 PM Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Duke Miller" Subject: RE: New IBD Subscriber Service; Was [CANSLIM] IBD Cops Lurk Date: 23 Aug 2002 13:51:04 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0033_01C24AAC.229C8AB0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0034_01C24AAC.229C8AB0" ------=_NextPart_001_0034_01C24AAC.229C8AB0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Jeffrey: I had a thought that I edited from my original announcement, but your reply prompts me, if for no other reason than humor, to suggest something to IBD. Why don't they just start their own version of this list? I can just see the announcement now, delivered by none other than Ron Popiel, the guru of infomercials (remember, The Pocket Fisherman?). The copy in parentheses is superimposed at the bottom of the TV screen. "Tired of the same old 20-20 hindsight the folks at IBD gush in their publication and online service each day? Well relax...relief is only one more subscription away. Just sign up for our exclusive CAN SLIM list now. It's a golden opportunity for you to share all your ideas with others as well as all our editors (IBD has the exclusive right to use your thoughts and ideas whenever they please without permission). Pour over the list daily and observe as the world tries to comprehend how we get away with charging so much for a concept we ourselves convolute and contradict on a daily basis. The cost will amaze you. All you have to do is subscribe to Investors Business Daily, Daily Graphs Online, and our Premium feature that accompanies DGO. Once you've subscribed to all three, you'll be billed ONLY for what you use on the list. How much, you say? Hold on...it's not $10 a word, not $5 a word, it's ONLY $1 per word to post your original ideas (IBD retains exclusive rights to everything. See Terms and Conditions). That's not all, you pay only $5 for each email message you access to see what someone else is thinking. How good can it get? Listen, there's more. Unlike other CAN SLIM lists on the Internet, we guarantee you our attorneys will not secretly lurk in the dark abyss of cyberspace, eager to pounce on your submissions. Now isn't that alone worth the price of admission? Wait...that's not all! If you sign up before we run another ad in IBD taking credit for calling the crash of 2000, we'll send you absolutely free, a complete, autographed set of William O'Neil's books and tapes along with a life-size cutout of WON himself! Order your subscription(s) today. Call 1-800-CAN-SLIM now!" Ahhh, aren't you glad the weekend is here. I'm off 'til after Labor Day. Ya'll have fun. Duke -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gasta, Jeffrey Sent: Friday, August 23, 2002 12:32 PM Hello, As a new member of this group, I have benefited greatly from folks posting their own original concepts and ideas. In some cases, DGO and IBD were one of many sources used to substantiate the presentation. I cannot appreciate IBD's exaggerated and unwarranted action towards this group. No doubt IBD has at least one attorney on staff looking to justify his/her salary. As others have said, a truly objective and fair evaluation of the information exchange between this exemplary group and IBD would conclude that IBD gains far more from us than we from them. The only difference is that this group does not have a lawyer on staff. Also, I feel they a picking on the group because it is an easy target. What is to stop anyone of us from saving charts/data from the IBD and DGO sites and then sharing that data with several friends via private e-mail? When I am knowledgeable enough to contribute to this board, I will simply create an untraceable e-mail account and post items from there. I'm sure glad that the light bulb was not invented by IBD or the music and motion picture industries. If it were, we would be paying a royalty on each bulb, and there would be a lucrative black market for importing bulbs from Canada. Sorry for this rant but IBD is really being unreasonable. jg P.S. IBD come and get me! -----Original Message----- Sent: Thursday, August 22, 2002 6:09 PM All... Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. I've conversed with several members off list regarding this matter, and the reactions have been mixed. The point is the material they provide is proprietary. Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. I have my own mixed feelings, ranging from silly to respectful: Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it! You can't buy this kind of publicity! The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers. I just wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------=_NextPart_001_0034_01C24AAC.229C8AB0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Jeffrey:
 
I had a thought = that I=20 edited from my original announcement, but your reply prompts me, if for = no other=20 reason than humor, to suggest something to IBD.  =
 
Why don't they = just start=20 their own version of this list?  I can just see the announcement = now,=20 delivered by none other than Ron Popiel, the guru of infomercials = (remember, The=20 Pocket Fisherman?).  The copy in parentheses is superimposed at the = bottom=20 of the TV screen. 
 
"Tired of the = same old=20 20-20 hindsight the folks at IBD gush in their = publication=20 and online service each day?  Well relax...relief is only one = more=20 subscription away.  Just sign up for our exclusive CAN SLIM list = now. =20 It's a golden opportunity for you to share all your ideas with = others as=20 well as all our editors (IBD has the exclusive right to use your = thoughts=20 and ideas whenever they please without permission).  Pour over = the=20 list daily and observe as the world tries to comprehend how we = get=20 away with charging so much for a concept we ourselves convolute and=20 contradict on a daily basis.   The cost will amaze=20 you.  All you have to do is subscribe to Investors Business Daily, = Daily=20 Graphs Online, and our Premium feature that accompanies DGO.  Once = you've=20 subscribed to all three, you'll be billed ONLY for what you use on the=20 list.  How much, you say?  Hold on...it's not $10 a word, not = $5 a=20 word, it's ONLY $1 per word to post your original ideas (IBD retains = exclusive=20 rights to everything.  See Terms and Conditions).  That's not = all, you=20 pay only $5 for each email message you access to see what = someone=20 else is thinking.  How good can it get?  Listen, there's = more. =20 Unlike other CAN SLIM lists on the Internet, we guarantee you our = attorneys will=20 not secretly lurk in the dark abyss of cyberspace, eager to pounce on = your=20 submissions.  Now isn't that alone worth the price of = admission? =20 Wait...that's not all!  If you sign up before we run another ad in = IBD=20 taking credit for calling the crash of 2000, we'll send you absolutely = free, a=20 complete, autographed set of William O'Neil's books and tapes along = with a=20 life-size cutout of WON himself!  Order your subscription(s) = today. =20 Call 1-800-CAN-SLIM now!"
 
Ahhh, aren't = you glad the=20 weekend is here.
 
I'm off 'til = after Labor=20 Day.  Ya'll have fun.
 
Duke
 
 
 
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Gasta, Jeffrey
Sent: Friday, August 23, = 2002=20 12:32 PM
To: 'canslim@lists.xmission.com'
Subject: = RE:=20 [CANSLIM] IBD Cops Lurk

Hello,
 
As a=20 new member of this group, I have benefited greatly from folks posting=20 their own original concepts and ideas.  In some cases, DGO = and IBD=20 were one of many sources used to substantiate the presentation.  = I cannot=20 appreciate IBD's exaggerated and unwarranted action towards this = group. =20 No doubt IBD has at least one attorney on staff looking to justify = his/her=20 salary.
 
As=20 others have said, a truly objective and fair evaluation of the = information=20 exchange between this exemplary group and IBD  would conclude = that IBD=20 gains far more from us than we from them.  The only difference is = that=20 this group does not have a lawyer on staff.  Also, I feel they a = picking=20 on the group because it is an easy target.  What is to stop = anyone of us=20 from saving charts/data from the IBD and DGO sites and then sharing = that data=20 with several friends via private e-mail?
 
When=20 I am knowledgeable enough to contribute to this board, I will simply = create an=20 untraceable e-mail account and post items from there.  I'm sure = glad that=20 the light bulb was not invented by IBD or the music and motion picture = industries.  If it were, we would be paying a royalty on each = bulb, and=20 there would be a lucrative black market for importing bulbs from=20 Canada.
 
Sorry for this rant but IBD is really being = unreasonable. =20 jg
 
P.S.  IBD come and get me!
-----Original Message-----
From: Duke Miller=20 [mailto:dukemill@tampabay.rr.com]
Sent: Thursday, August = 22, 2002=20 6:09 PM
To: CANSLIM
Subject: [CANSLIM] IBD Cops=20 Lurk

All...
 
Earlier = this week I got=20 a Certified Letter from IBD warning me that my posting on July = 21st of=20 a spreadsheet from Screen of the Day is in violation of the Terms = and=20 Conditions of Investors.com. 
 
I've = conversed with=20 several members off list regarding this matter, and the reactions = have been=20 mixed. 
 
The point = is the=20 material they provide is proprietary.  Since not everyone = on this=20 list subscribes to IBD, it's important that when you post something = herein=20 it is not in violation of their Terms and Conditions. =20
 
I have my = own mixed=20 feelings, ranging from silly to respectful:  =
 
Silly, = because this=20 list is one of the more respected lists out there (as in = non-Yahoo-ish), and=20 if ever there was a bonanza freebie for IBD, this is it!  You = can't buy=20 this kind of publicity!  The fact that from time to time we = pass along=20 "privileged" information itself stirs curiosity amongst lurkers, = whetting=20 their appetites for more. They ultimately end up subscribing, etc,=20 etc. 
 
I am, = however,=20 respectful, because they're right--they own the material and it's = for the=20 personal use only of subscribers.  I just wonder which one of = us is the=20 "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned = by Norton=20 Anti-Virus prior to being sent.

3D""
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Breakout Blues Date: 23 Aug 2002 11:48:20 -0600 If the opposite of CANSLIM works on the long side then I think it would be the end of the world. Buying stocks with rapidly deccelerating earnings that are breaking down. I think we can always refine our buy points but overall CANSLIM stands the test of time IMHO. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Friday, August 23, 2002 11:43 AM David et al, Come on! I'm just starting to feel comfortable with CANSLIM. Don't go and tell me I have to learn the opposite of CANSLIM now! My head is spinning- I think I'll go lay down... Kelly -----Original Message----- Sent: Friday, August 23, 2002 12:13 PM Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Jim Fulling" Subject: Re: [CANSLIM] IBD Cops Lurk Date: 23 Aug 2002 11:06:59 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0080_01C24A95.338C7220 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0081_01C24A95.338C7220" ------=_NextPart_001_0081_01C24A95.338C7220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Messagetrue i hadn't thought of that. jim ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 22, 2002 6:37 PM Subject: RE: [CANSLIM] IBD Cops Lurk Jim: If they "just read the emails" then they must be a member of the list. = You can't do that without being a member (as some of those lately = who've be "busted" for behavioral reasons.) Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jim Fulling Sent: Thursday, August 22, 2002 6:19 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] IBD Cops Lurk duke i think they simply read the emails. in today's paper in the = investor's corner they say in an internet message board etc. well what = they are referring to (i believe) was said by K.A.M. (pronounced CALM) = just recently on this board. the north idaho lurker (or is it lunker) jim fulling ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Thursday, August 22, 2002 3:08 PM Subject: [CANSLIM] IBD Cops Lurk All... Earlier this week I got a Certified Letter from IBD warning me = that my posting on July 21st of a spreadsheet from Screen of the Day is = in violation of the Terms and Conditions of Investors.com. =20 I've conversed with several members off list regarding this = matter, and the reactions have been mixed. =20 The point is the material they provide is proprietary. Since not = everyone on this list subscribes to IBD, it's important that when you = post something herein it is not in violation of their Terms and = Conditions. =20 I have my own mixed feelings, ranging from silly to respectful: =20 Silly, because this list is one of the more respected lists out = there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for = IBD, this is it! You can't buy this kind of publicity! The fact that = from time to time we pass along "privileged" information itself stirs = curiosity amongst lurkers, whetting their appetites for more. They = ultimately end up subscribing, etc, etc. =20 I am, however, respectful, because they're right--they own the = material and it's for the personal use only of subscribers. I just = wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton = Anti-Virus prior to being sent.=20 ------=_NextPart_001_0081_01C24A95.338C7220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
true i hadn't thought of = that.
jim
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Thursday, August 22, 2002 = 6:37=20 PM
Subject: RE: [CANSLIM] IBD Cops = Lurk

Jim:
 
If they "just = read the=20 emails" then they must be a member of the list.  You can't do = that=20 without being a member (as some of those lately who've be "busted" for = behavioral reasons.)
 
Duke
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jim=20 Fulling
Sent: Thursday, August 22, 2002 6:19 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] IBD Cops = Lurk

duke i think they simply read the = emails. in=20 today's paper in the investor's corner they say in an internet = message board=20 etc. well what they are referring to (i believe) was said by K.A.M.=20 (pronounced CALM) just recently on this board.
the north idaho lurker (or is it = lunker) jim=20 fulling
----- Original Message ----- =
From:=20 Duke Miller
To: CANSLIM
Sent: Thursday, August 22, = 2002 3:08=20 PM
Subject: [CANSLIM] IBD Cops = Lurk

All...
 
Earlier = this week I=20 got a Certified Letter from IBD warning me that my posting on July = 21st of a spreadsheet from Screen of the Day is in violation = of the=20 Terms and Conditions of Investors.com. 
 
I've = conversed with=20 several members off list regarding this matter, and the reactions = have=20 been mixed. 
 
The point = is the=20 material they provide is proprietary.  Since not = everyone on=20 this list subscribes to IBD, it's important that when you post = something=20 herein it is not in violation of their Terms and Conditions.  =
 
I have my = own mixed=20 feelings, ranging from silly to respectful:  =
 
Silly, = because this=20 list is one of the more respected lists out there (as in = non-Yahoo-ish),=20 and if ever there was a bonanza freebie for IBD, this is it!  = You=20 can't buy this kind of publicity!  The fact that from time to = time we=20 pass along "privileged" information itself stirs curiosity amongst = lurkers, whetting their appetites for more. They ultimately end up = subscribing, etc, etc. 
 
I am, = however,=20 respectful, because they're right--they own the material and it's = for the=20 personal use only of subscribers.  I just wonder which one of = us is=20 the "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned = by Norton=20 Anti-Virus prior to being sent.

3D""
=
 
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: OT- New IBD Subscriber Service; Was [CANSLIM] IBD Cops Lurk Date: 23 Aug 2002 11:31:24 -0700 ROFL! That made my Friday! Thanks. -Bill ----- Original Message ----- Sent: Friday, August 23, 2002 10:51 AM > Jeffrey: > > I had a thought that I edited from my original announcement, but your > reply prompts me, if for no other reason than humor, to suggest > something to IBD. > > Why don't they just start their own version of this list? I can just > see the announcement now, delivered by none other than Ron Popiel, the > guru of infomercials (remember, The Pocket Fisherman?). The copy in > parentheses is superimposed at the bottom of the TV screen. > > "Tired of the same old 20-20 hindsight the folks at IBD gush in their > publication and online service each day? Well relax...relief is only > one more subscription away. Just sign up for our exclusive CAN SLIM > list now. It's a golden opportunity for you to share all your ideas > with others as well as all our editors (IBD has the exclusive right to > use your thoughts and ideas whenever they please without permission). > Pour over the list daily and observe as the world tries to comprehend > how we get away with charging so much for a concept we ourselves > convolute and contradict on a daily basis. The cost will amaze you. > All you have to do is subscribe to Investors Business Daily, Daily > Graphs Online, and our Premium feature that accompanies DGO. Once > you've subscribed to all three, you'll be billed ONLY for what you use > on the list. How much, you say? Hold on...it's not $10 a word, not $5 > a word, it's ONLY $1 per word to post your original ideas (IBD retains > exclusive rights to everything. See Terms and Conditions). That's not > all, you pay only $5 for each email message you access to see what > someone else is thinking. How good can it get? Listen, there's more. > Unlike other CAN SLIM lists on the Internet, we guarantee you our > attorneys will not secretly lurk in the dark abyss of cyberspace, eager > to pounce on your submissions. Now isn't that alone worth the price of > admission? Wait...that's not all! If you sign up before we run another > ad in IBD taking credit for calling the crash of 2000, we'll send you > absolutely free, a complete, autographed set of William O'Neil's books > and tapes along with a life-size cutout of WON himself! Order your > subscription(s) today. Call 1-800-CAN-SLIM now!" > > Ahhh, aren't you glad the weekend is here. > > I'm off 'til after Labor Day. Ya'll have fun. > > Duke - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Breakout Blues Date: 23 Aug 2002 14:38:01 EDT --part1_153.12ee726f.2a97db09_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Unless I miss my guess, I think David Thomson was referring to CANSLIM chart patterns in particular, not CANSIM in general. I don't think there's a good arguement against most of the rest of CANSLIM, except maybe from Value players. I share his concern about so many people looking for Cup & Handles, as traders will take advantage of herd mentality when they can, but I think it's also obvious that Breakouts have to happen for stocks to move higher. Therefore I think it's mostly the nature of the setups that will change over time and require adapting to. In a true Bull Market, however, I think that enough interest will be aligned in the same direction that C&Hs will prove as effective as in the past. Just an opinion and FWIW. Robert W. Elmer --part1_153.12ee726f.2a97db09_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Unless I miss my guess, I think David Thomson was referring to CANSLIM chart patterns in particular, not CANSIM in general. I don't think there's a good arguement against most of the rest of CANSLIM, except maybe from Value players.

I share his concern about so many people looking for Cup & Handles, as traders will take advantage of herd mentality when they can, but I think it's also obvious that Breakouts have to happen for stocks to move higher. Therefore I think it's mostly the nature of the setups that will change over time and require adapting to. In a true Bull Market, however, I think that enough interest will be aligned in the same direction that C&Hs will prove as effective as in the past. Just an opinion and FWIW.  

Robert W. Elmer
--part1_153.12ee726f.2a97db09_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: [CANSLIM] Re: IBD Cops Lurk (But as we've all found out after 9/11: Cops CanBeNecessary!) Date: 23 Aug 2002 14:47:20 EDT Tom and Duke: Some times I copy&paste passages from the Investors Corner column in Investor.com. I have yet to receive notice (legal or otherwise) from IBD that I shouldn't. I'm not sure if I'm doing something right or I'm just being overlooked. However, I do make sure that I attribute all the columns (and I usually only copy&paste passages from the columns) to IBD and to the authors of the relevant column. I also put quotes around the passages to differentiate what I write from the author's thoughts on the topic. However, after saying all this, I can understand why IBD wants to maintain her proprietory ownership over her intellectual property. If she didn't object when she believes non-fair use of IBD property is being used, then, I believe, in effect, she would be effectively waiving her rights. jans In a message dated 8/22/2002 9:50:15 PM Eastern Daylight Time, stkguru@bellsouth.net writes: << MessageDuke, the funny thing is, if you don't identify your primary source and also "blend in" other sources until the final product is your own creation, they have no complaint. That is what I was forced to do when my weekly scans of stocks at or close to new highs came entirely from DGO. Once or twice I posted the spread sheet of data right from DGO's report, after deleting every stock I didn't mention (from several hundred down to about 30). Instead of appreciating that I was showing non subscribers the quantity and quality of CANSLIM data available from DGO, they threatened me as well. Seems to be corporate policy of both DGO and IBD, with presumably lurkers from both companies in our midst. They don't seem to mind when you quote current data on a short list of stocks, just can't copy directly from them. I will always wonder just how many articles printed in IBD were a direct result of ideas, comments and observations of our postings here, and taken from this group without any attribution or credit. They are strictly one way, what is theirs is theirs, and what is ours is theirs as well. ----- Original Message ----- From: Duke Miller To: CANSLIM Sent: Thursday, August 22, 2002 6:08 PM Subject: [CANSLIM] IBD Cops Lurk All... Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. I've conversed with several members off list regarding this matter, and the reactions have been mixed. The point is the material they provide is proprietary. Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. I have my own mixed feelings, ranging from silly to respectful: Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it! You can't buy this kind of publicity! The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers. I just wonder which one of us is the "mole". C'est la vie.... >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] Breakout Blues Date: 23 Aug 2002 14:00:02 -0500 Kelly and others in concern, CANSLIM, while gaining popularity, is not even a minor blip and the investment world's map. What O'Neil imitated from Jack Dreyfus partly was that good moves are made after a new high is reached. As an investment advisor, when I explain to clients that we look at buying at near 52 week or new all-time highs, they look at me in disbelief. 19 out of 20 times I hear they would rather sell at those levels than buy. Until the ratio becomes 10 out of 10, I will not be nervous over the investment discipline. There are many I speak with in our industry that do not even know about IBD and/or CANSLIM, which on the surface seems odd, but is natural given all the other disciplines out there. No need to fret Canslimers, the pond is wide and deep and we are a mere drop of dew off a petal. Have a great weekend. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short Sent: Friday, August 23, 2002 12:43 PM David et al, Come on! I'm just starting to feel comfortable with CANSLIM. Don't go and tell me I have to learn the opposite of CANSLIM now! My head is spinning- I think I'll go lay down... Kelly -----Original Message----- Sent: Friday, August 23, 2002 12:13 PM Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ________________________________________________________________________ ____ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: New IBD Subscriber Service; Was [CANSLIM] IBD Cops Lurk Date: 23 Aug 2002 09:15:05 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0011_01C24A85.92098B40 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0012_01C24A85.92098B40" ------=_NextPart_001_0012_01C24A85.92098B40 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit MessageWay to go Duke! Have a great vacation. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Friday, August 23, 2002 7:51 AM To: canslim@lists.xmission.com Subject: RE: New IBD Subscriber Service; Was [CANSLIM] IBD Cops Lurk Jeffrey: I had a thought that I edited from my original announcement, but your reply prompts me, if for no other reason than humor, to suggest something to IBD. Why don't they just start their own version of this list? I can just see the announcement now, delivered by none other than Ron Popiel, the guru of infomercials (remember, The Pocket Fisherman?). The copy in parentheses is superimposed at the bottom of the TV screen. "Tired of the same old 20-20 hindsight the folks at IBD gush in their publication and online service each day? Well relax...relief is only one more subscription away. Just sign up for our exclusive CAN SLIM list now. It's a golden opportunity for you to share all your ideas with others as well as all our editors (IBD has the exclusive right to use your thoughts and ideas whenever they please without permission). Pour over the list daily and observe as the world tries to comprehend how we get away with charging so much for a concept we ourselves convolute and contradict on a daily basis. The cost will amaze you. All you have to do is subscribe to Investors Business Daily, Daily Graphs Online, and our Premium feature that accompanies DGO. Once you've subscribed to all three, you'll be billed ONLY for what you use on the list. How much, you say? Hold on...it's not $10 a word, not $5 a word, it's ONLY $1 per word to post your original ideas (IBD retains exclusive rights to everything. See Terms and Conditions). That's not all, you pay only $5 for each email message you access to see what someone else is thinking. How good can it get? Listen, there's more. Unlike other CAN SLIM lists on the Internet, we guarantee you our attorneys will not secretly lurk in the dark abyss of cyberspace, eager to pounce on your submissions. Now isn't that alone worth the price of admission? Wait...that's not all! If you sign up before we run another ad in IBD taking credit for calling the crash of 2000, we'll send you absolutely free, a complete, autographed set of William O'Neil's books and tapes along with a life-size cutout of WON himself! Order your subscription(s) today. Call 1-800-CAN-SLIM now!" Ahhh, aren't you glad the weekend is here. I'm off 'til after Labor Day. Ya'll have fun. Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gasta, Jeffrey Sent: Friday, August 23, 2002 12:32 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] IBD Cops Lurk Hello, As a new member of this group, I have benefited greatly from folks posting their own original concepts and ideas. In some cases, DGO and IBD were one of many sources used to substantiate the presentation. I cannot appreciate IBD's exaggerated and unwarranted action towards this group. No doubt IBD has at least one attorney on staff looking to justify his/her salary. As others have said, a truly objective and fair evaluation of the information exchange between this exemplary group and IBD would conclude that IBD gains far more from us than we from them. The only difference is that this group does not have a lawyer on staff. Also, I feel they a picking on the group because it is an easy target. What is to stop anyone of us from saving charts/data from the IBD and DGO sites and then sharing that data with several friends via private e-mail? When I am knowledgeable enough to contribute to this board, I will simply create an untraceable e-mail account and post items from there. I'm sure glad that the light bulb was not invented by IBD or the music and motion picture industries. If it were, we would be paying a royalty on each bulb, and there would be a lucrative black market for importing bulbs from Canada. Sorry for this rant but IBD is really being unreasonable. jg P.S. IBD come and get me! -----Original Message----- From: Duke Miller [mailto:dukemill@tampabay.rr.com] Sent: Thursday, August 22, 2002 6:09 PM To: CANSLIM Subject: [CANSLIM] IBD Cops Lurk All... Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. I've conversed with several members off list regarding this matter, and the reactions have been mixed. The point is the material they provide is proprietary. Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. I have my own mixed feelings, ranging from silly to respectful: Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it! You can't buy this kind of publicity! The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers. I just wonder which one of us is the "mole". C'est la vie.... Duke This email, including any attachments, was scanned by Norton Anti-Virus prior to being sent. ------=_NextPart_001_0012_01C24A85.92098B40 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Message
Way=20 to go Duke! Have a great vacation.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Friday, August 23, 2002 7:51 AM
To:=20 canslim@lists.xmission.com
Subject: RE: New IBD Subscriber = Service;=20 Was [CANSLIM] IBD Cops Lurk

Jeffrey:
 
I had a = thought that I=20 edited from my original announcement, but your reply prompts me, if = for no=20 other reason than humor, to suggest something to IBD. =20
 
Why don't = they just start=20 their own version of this list?  I can just see the announcement = now,=20 delivered by none other than Ron Popiel, the guru of infomercials = (remember,=20 The Pocket Fisherman?).  The copy in parentheses is superimposed = at the=20 bottom of the TV screen. 
 
"Tired of the = same old=20 20-20 hindsight the folks at IBD gush in their = publication=20 and online service each day?  Well relax...relief is only = one more=20 subscription away.  Just sign up for our exclusive CAN SLIM list=20 now.  It's a golden opportunity for you to share all your = ideas with=20 others as well as all our editors (IBD has the exclusive right to = use=20 your thoughts and ideas whenever they please without = permission). =20 Pour over the list daily and observe as the world tries=20 to comprehend how we get away with charging so much for a concept = we=20 ourselves convolute and contradict on a daily = basis.   The=20 cost will amaze you.  All you have to do is subscribe to = Investors=20 Business Daily, Daily Graphs Online, and our Premium feature that = accompanies=20 DGO.  Once you've subscribed to all three, you'll be billed ONLY = for what=20 you use on the list.  How much, you say?  Hold on...it's not = $10 a=20 word, not $5 a word, it's ONLY $1 per word to post your original ideas = (IBD=20 retains exclusive rights to everything.  See Terms and = Conditions). =20 That's not all, you pay only $5 for each email message = you=20 access to see what someone else is thinking.  How good can it = get? =20 Listen, there's more.  Unlike other CAN SLIM lists on the = Internet, we=20 guarantee you our attorneys will not secretly lurk in the dark abyss = of=20 cyberspace, eager to pounce on your submissions.  Now isn't that=20 alone worth the price of admission?  Wait...that's not = all!  If=20 you sign up before we run another ad in IBD taking credit for calling = the=20 crash of 2000, we'll send you absolutely free, a complete,=20 autographed set of William O'Neil's books and tapes along with a=20 life-size cutout of WON himself!  Order your subscription(s) = today. =20 Call 1-800-CAN-SLIM now!"
 
Ahhh, aren't = you glad the=20 weekend is here.
 
I'm off 'til = after Labor=20 Day.  Ya'll have fun.
 
Duke
 
 
 
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Gasta, Jeffrey
Sent: Friday, August = 23, 2002=20 12:32 PM
To: = 'canslim@lists.xmission.com'
Subject: RE:=20 [CANSLIM] IBD Cops Lurk

Hello,
 
As=20 a new member of this group, I have benefited greatly from folks = posting=20 their own original concepts and ideas.  In some cases, DGO = and IBD=20 were one of many sources used to substantiate the = presentation.  I=20 cannot appreciate IBD's exaggerated and unwarranted action towards = this=20 group.  No doubt IBD has at least one attorney on staff looking = to=20 justify his/her salary.
 
As=20 others have said, a truly objective and fair evaluation of the = information=20 exchange between this exemplary group and IBD  would conclude = that IBD=20 gains far more from us than we from them.  The only difference = is that=20 this group does not have a lawyer on staff.  Also, I feel they = a=20 picking on the group because it is an easy target.  What is to = stop=20 anyone of us from saving charts/data from the IBD and DGO sites and = then=20 sharing that data with several friends via private=20 e-mail?
 
When I am knowledgeable enough to contribute to this board, = I will=20 simply create an untraceable e-mail account and post items from = there. =20 I'm sure glad that the light bulb was not invented by IBD or the = music and=20 motion picture industries.  If it were, we would be paying a = royalty on=20 each bulb, and there would be a lucrative black market for importing = bulbs=20 from Canada.
 
Sorry for this rant but IBD is really being = unreasonable. =20 jg
 
P.S.  IBD come and get me!
-----Original Message-----
From: Duke Miller=20 [mailto:dukemill@tampabay.rr.com]
Sent: Thursday, August = 22,=20 2002 6:09 PM
To: CANSLIM
Subject: [CANSLIM] = IBD Cops=20 Lurk

All...
 
Earlier = this week I=20 got a Certified Letter from IBD warning me that my posting on July = 21st of a spreadsheet from Screen of the Day is in violation = of the=20 Terms and Conditions of Investors.com. 
 
I've = conversed with=20 several members off list regarding this matter, and the reactions = have=20 been mixed. 
 
The point = is the=20 material they provide is proprietary.  Since not = everyone on=20 this list subscribes to IBD, it's important that when you post = something=20 herein it is not in violation of their Terms and Conditions.  =
 
I have my = own mixed=20 feelings, ranging from silly to respectful:  =
 
Silly, = because this=20 list is one of the more respected lists out there (as in = non-Yahoo-ish),=20 and if ever there was a bonanza freebie for IBD, this is it!  = You=20 can't buy this kind of publicity!  The fact that from time to = time we=20 pass along "privileged" information itself stirs curiosity amongst = lurkers, whetting their appetites for more. They ultimately end up = subscribing, etc, etc. 
 
I am, = however,=20 respectful, because they're right--they own the material and it's = for the=20 personal use only of subscribers.  I just wonder which one of = us is=20 the "mole".
 
C'est la=20 vie....
 
Duke
 

This email, including any attachments, was scanned = by Norton=20 Anti-Virus prior to being sent.

3D""
=
 
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The following terms and conditions have been added to the CANSLIM introduction email.  Since you joined before these terms and conditions were added since you have joined, I am sending this email to the group.  Here are the new terms and conditions:

   By signing up for this list, you agree to the following:  This list is a
   private list.  All information that you take from this list is for your private
   use only.  Commercial use of this information is forbidden.

If you are unwilling to abide these conditions, you must leave the canslim email group.

Regards,

Jeff Salisbury - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Breakout Blues Date: 23 Aug 2002 13:27:25 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_002B_01C24AA8.D213F680 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit I pretty much agree. Especially being an everything trader. I prefer Position Trading ala CANSLIM and its off shoots but I also do my share of swing and day trading. From those I can say that basic basing patterns like flat bases work in every time frame. I have tried them on weeklies, dailies, 120 min, 60 min, 30 min, 15 min, 10 min, 5 min, and even a few times on 1 min, and I can say that it works. The main reason that I like it is it gives a great risk reward ratio which is really what we are looking for the best entry we can get to lower our risk. If you buy or sell short out of a nice flat base then you can place your stop underneath the base and a lot of times you can have a lot tighter stop then the basic 7-8%. I use the Cup Handle much the same way with the stop usually beneath the handle when it is not too deep. But my point is that most people arent able to use any system well due to their inability to use stops and good risk management so after a few trades they throw in the towel and move to the next system. I have seen a lot more successful different systems than I have successful traders. So go ahead and stick with CANSLIM it is one of the better systems out there especially for the person who wants to trade but has a regular job. CANSLIM works better then most CANSLIM traders. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Friday, August 23, 2002 1:00 PM Kelly and others in concern, CANSLIM, while gaining popularity, is not even a minor blip and the investment world's map. What O'Neil imitated from Jack Dreyfus partly was that good moves are made after a new high is reached. As an investment advisor, when I explain to clients that we look at buying at near 52 week or new all-time highs, they look at me in disbelief. 19 out of 20 times I hear they would rather sell at those levels than buy. Until the ratio becomes 10 out of 10, I will not be nervous over the investment discipline. There are many I speak with in our industry that do not even know about IBD and/or CANSLIM, which on the surface seems odd, but is natural given all the other disciplines out there. No need to fret Canslimers, the pond is wide and deep and we are a mere drop of dew off a petal. Have a great weekend. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short Sent: Friday, August 23, 2002 12:43 PM David et al, Come on! I'm just starting to feel comfortable with CANSLIM. Don't go and tell me I have to learn the opposite of CANSLIM now! My head is spinning- I think I'll go lay down... Kelly -----Original Message----- Sent: Friday, August 23, 2002 12:13 PM Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ________________________________________________________________________ ____ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] New terms and conditions for the CANSLIM list... Date: 23 Aug 2002 14:27:58 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24ADB.303D4662 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Not what I expected from the Subject (and given the current thread about = IBD) but thank you! =20 =20 -----Original Message----- Sent: Friday, August 23, 2002 2:19 PM To all canslim members,=20 The following terms and conditions have been added to the CANSLIM = introduction email. Since you joined before these terms and conditions = were added since you have joined, I am sending this email to the group. = Here are the new terms and conditions:=20 By signing up for this list, you agree to the following: This list = is a=20 private list. All information that you take from this list is for = your private=20 use only. Commercial use of this information is forbidden.=20 If you are unwilling to abide these conditions, you must leave the = canslim email group.=20 Regards,=20 Jeff Salisbury=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the = email body, write "subscribe canslim" or -"unsubscribe canslim". Do not = use quotes in your email.=20 ------_=_NextPart_001_01C24ADB.303D4662 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Not=20 what I expected from the Subject (and given the current thread = about IBD)=20 but thank you!
 
 
-----Original Message-----
From: Jeff Salisbury=20 [mailto:Jeff.Salisbury@WallStreet-LLC.com]
Sent: Friday, = August 23,=20 2002 2:19 PM
To: = canslim@lists.xmission.com
Subject:=20 [CANSLIM] New terms and conditions for the CANSLIM=20 list...

To all canslim members,=20

The following terms and conditions have been added to the CANSLIM=20 introduction email.  Since you joined before these terms and = conditions=20 were added since you have joined, I am sending this email to the = group. =20 Here are the new terms and conditions:=20

   By signing up for this list, you agree to the = following: =20 This list is a
   private list.  All information = that you=20 take from this list is for your private
   use = only. =20 Commercial use of this information is forbidden.=20

If you are unwilling to abide these conditions, you must leave the = canslim=20 email group.=20

Regards,=20

Jeff Salisbury=20

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------_=_NextPart_001_01C24ADB.303D4662-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Breakout Blues Date: 23 Aug 2002 12:29:24 -0700 Hi Ed, Without getting into who your clients are, the issue is only with the large institutional investors. They are the ones who drive the break-outs - not us retail fish. Many on the retail side have only heard, "buy low, sell high", "buy and hold", "dollar cost average" etc. Never, "buy high, sell higher". The growth oriented institutional investor/fund manager is far more savvy (one would think). I think the last bull market created quite a few "canslimish" traders out of fund managers. One more important thought: William O'Neal & Co. does far more business selling his data to fund managers than the individual investor. -Bill ----- Original Message ----- Sent: Friday, August 23, 2002 12:00 PM > Kelly and others in concern, > > CANSLIM, while gaining popularity, is not even a minor blip and the > investment world's map. What O'Neil imitated from Jack Dreyfus partly > was that good moves are made after a new high is reached. As an > investment advisor, when I explain to clients that we look at buying at > near 52 week or new all-time highs, they look at me in disbelief. 19 > out of 20 times I hear they would rather sell at those levels than buy. > Until the ratio becomes 10 out of 10, I will not be nervous over the > investment discipline. There are many I speak with in our industry that > do not even know about IBD and/or CANSLIM, which on the surface seems > odd, but is natural given all the other disciplines out there. No need > to fret Canslimers, the pond is wide and deep and we are a mere drop of > dew off a petal. > > Have a great weekend. > > Ed Gjertsen II > ed@macktracks.com > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short > Sent: Friday, August 23, 2002 12:43 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Breakout Blues > > David et al, > > Come on! I'm just starting to feel comfortable with CANSLIM. Don't go > and tell me I have to learn the opposite of CANSLIM now! My head is > spinning- I think I'll go lay down... > > Kelly > > -----Original Message----- > From: David Thompson [mailto:david@epud.net] > Sent: Friday, August 23, 2002 12:13 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Breakout Blues > > > Tom and Robert > > One of the concerns that I've had is that one of the principles of > investing is that once a very large group of people start following a > certain investment style it generally stops working. It seems that WON > has kept the C&H style of selecting stocks "fresh" by more and more > carefully defining what's likely to work and likely to not. However, I > suspect that significant growth in IBD (and they say it's growing > quickly, they're certainly giving away a lot of copies) will eventually > make it more worthwhile to trade against or outside the CANSLIM model. > > David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: FW: [CANSLIM] Breakout Blues Date: 23 Aug 2002 13:29:57 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0032_01C24AA9.2C40AE00 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] > Sent: Friday, August 23, 2002 1:27 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Breakout Blues > > I pretty much agree. Especially being an everything trader. I prefer > Position Trading ala CANSLIM and its off shoots but I also do my share of > swing and day trading. From those I can say that basic basing patterns > like flat bases work in every time frame. I have tried them on weeklies, > dailies, 120 min, 60 min, 30 min, 15 min, 10 min, 5 min, and even a few > times on 1 min, and I can say that it works. The main reason that I like > it is it gives a great risk reward ratio which is really what we are > looking for the best entry we can get to lower our risk. If you buy or > sell short out of a nice flat base then you can place your stop underneath > the base and a lot of times you can have a lot tighter stop then the basic > 7-8%. I use the Cup Handle much the same way with the stop usually > beneath the handle when it is not too deep. But my point is that most > people arent able to use any system well due to their inability to use > stops and good risk management so after a few trades they throw in the > towel and move to the next system. I have seen a lot more successful > different systems than I have successful traders. So go ahead and stick > with CANSLIM it is one of the better systems out there especially for the > person who wants to trade but has a regular job. CANSLIM works better > then most CANSLIM traders. > > David Taggart > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen > II > Sent: Friday, August 23, 2002 1:00 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Breakout Blues > > > Kelly and others in concern, > > CANSLIM, while gaining popularity, is not even a minor blip and the > investment world's map. What O'Neil imitated from Jack Dreyfus partly > was that good moves are made after a new high is reached. As an > investment advisor, when I explain to clients that we look at buying at > near 52 week or new all-time highs, they look at me in disbelief. 19 > out of 20 times I hear they would rather sell at those levels than buy. > Until the ratio becomes 10 out of 10, I will not be nervous over the > investment discipline. There are many I speak with in our industry that > do not even know about IBD and/or CANSLIM, which on the surface seems > odd, but is natural given all the other disciplines out there. No need > to fret Canslimers, the pond is wide and deep and we are a mere drop of > dew off a petal. > > Have a great weekend. > > Ed Gjertsen II > ed@macktracks.com > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short > Sent: Friday, August 23, 2002 12:43 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Breakout Blues > > David et al, > > Come on! I'm just starting to feel comfortable with CANSLIM. Don't go > and tell me I have to learn the opposite of CANSLIM now! My head is > spinning- I think I'll go lay down... > > Kelly > > -----Original Message----- > From: David Thompson [mailto:david@epud.net] > Sent: Friday, August 23, 2002 12:13 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Breakout Blues > > > Tom and Robert > > One of the concerns that I've had is that one of the principles of > investing is that once a very large group of people start following a > certain investment style it generally stops working. It seems that WON > has kept the C&H style of selecting stocks "fresh" by more and more > carefully defining what's likely to work and likely to not. However, I > suspect that significant growth in IBD (and they say it's growing > quickly, they're certainly giving away a lot of copies) will eventually > make it more worthwhile to trade against or outside the CANSLIM model. > > David Thompson > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > ________________________________________________________________________ > ____ > For your protection, this e-mail message has been scanned for viruses. > Visit us at http://www.neoris.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: FW: [CANSLIM] Breakout Blues Date: 23 Aug 2002 13:31:16 -0600 -----Original Message----- [mailto:owner-canslim@lists.xmission.com] Sent: Friday, August 23, 2002 1:27 PM I pretty much agree. Especially being an everything trader. I prefer Position Trading ala CANSLIM and its off shoots but I also do my share of swing and day trading. From those I can say that basic basing patterns like flat bases work in every time frame. I have tried them on weeklies, dailies, 120 min, 60 min, 30 min, 15 min, 10 min, 5 min, and even a few times on 1 min, and I can say that it works. The main reason that I like it is it gives a great risk reward ratio which is really what we are looking for the best entry we can get to lower our risk. If you buy or sell short out of a nice flat base then you can place your stop underneath the base and a lot of times you can have a lot tighter stop then the basic 7-8%. I use the Cup Handle much the same way with the stop usually beneath the handle when it is not too deep. But my point is that most people arent able to use any system well due to their inability to use stops and good risk management so after a few trades they throw in the towel and move to the next system. I have seen a lot more successful different systems than I have successful traders. So go ahead and stick with CANSLIM it is one of the better systems out there especially for the person who wants to trade but has a regular job. CANSLIM works better then most CANSLIM traders. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Friday, August 23, 2002 1:00 PM Kelly and others in concern, CANSLIM, while gaining popularity, is not even a minor blip and the investment world's map. What O'Neil imitated from Jack Dreyfus partly was that good moves are made after a new high is reached. As an investment advisor, when I explain to clients that we look at buying at near 52 week or new all-time highs, they look at me in disbelief. 19 out of 20 times I hear they would rather sell at those levels than buy. Until the ratio becomes 10 out of 10, I will not be nervous over the investment discipline. There are many I speak with in our industry that do not even know about IBD and/or CANSLIM, which on the surface seems odd, but is natural given all the other disciplines out there. No need to fret Canslimers, the pond is wide and deep and we are a mere drop of dew off a petal. Have a great weekend. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short Sent: Friday, August 23, 2002 12:43 PM David et al, Come on! I'm just starting to feel comfortable with CANSLIM. Don't go and tell me I have to learn the opposite of CANSLIM now! My head is spinning- I think I'll go lay down... Kelly -----Original Message----- Sent: Friday, August 23, 2002 12:13 PM Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ________________________________________________________________________ ____ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Re: IBD Cops Lurk (But as we've all found out after Date: 23 Aug 2002 15:05:44 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01E1_01C24AB6.8E335FB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable jans, how come it's a she? I thought WON was a man.... ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 23, 2002 1:47 PM Subject: [CANSLIM] Re: IBD Cops Lurk (But as we've all found out after = 9/11: Cops CanBeNecessary!) Tom and Duke: Some times I copy&paste passages from the Investors Corner column = in=20 Investor.com. I have yet to receive notice (legal or otherwise) from = IBD=20 that I shouldn't. I'm not sure if I'm doing something right or I'm = just=20 being overlooked. =20 However, I do make sure that I attribute all the columns (and I = usually=20 only copy&paste passages from the columns) to IBD and to the authors = of the=20 relevant column. I also put quotes around the passages to = differentiate what=20 I write from the author's thoughts on the topic.=20 However, after saying all this, I can understand why IBD wants to = maintain her proprietory ownership over her intellectual property. If = she=20 didn't object when she believes non-fair use of IBD property is being = used,=20 then, I believe, in effect, she would be effectively waiving her = rights. jans In a message dated 8/22/2002 9:50:15 PM Eastern Daylight Time,=20 stkguru@bellsouth.net writes: << MessageDuke, the funny thing is, if you don't identify your primary = source=20 and also "blend in" other sources until the final product is your own=20 creation, they have no complaint. That is what I was forced to do when = my=20 weekly scans of stocks at or close to new highs came entirely from = DGO. Once=20 or twice I posted the spread sheet of data right from DGO's report, = after=20 deleting every stock I didn't mention (from several hundred down to = about=20 30). Instead of appreciating that I was showing non subscribers the = quantity=20 and quality of CANSLIM data available from DGO, they threatened me as = well.=20 Seems to be corporate policy of both DGO and IBD, with presumably = lurkers=20 from both companies in our midst.=20 =20 They don't seem to mind when you quote current data on a short list = of=20 stocks, just can't copy directly from them. I will always wonder just = how=20 many articles printed in IBD were a direct result of ideas, comments = and=20 observations of our postings here, and taken from this group without = any=20 attribution or credit. They are strictly one way, what is theirs is = theirs,=20 and what is ours is theirs as well. =20 ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Thursday, August 22, 2002 6:08 PM Subject: [CANSLIM] IBD Cops Lurk =20 =20 All... =20 Earlier this week I got a Certified Letter from IBD warning me that = my=20 posting on July 21st of a spreadsheet from Screen of the Day is in = violation=20 of the Terms and Conditions of Investors.com. =20 =20 I've conversed with several members off list regarding this matter, = and the=20 reactions have been mixed. =20 =20 The point is the material they provide is proprietary. Since not = everyone=20 on this list subscribes to IBD, it's important that when you post = something=20 herein it is not in violation of their Terms and Conditions. =20 =20 I have my own mixed feelings, ranging from silly to respectful: =20 =20 Silly, because this list is one of the more respected lists out there = (as in=20 non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this = is it! =20 You can't buy this kind of publicity! The fact that from time to time = we=20 pass along "privileged" information itself stirs curiosity amongst = lurkers,=20 whetting their appetites for more. They ultimately end up subscribing, = etc,=20 etc. =20 =20 I am, however, respectful, because they're right--they own the = material and=20 it's for the personal use only of subscribers. I just wonder which = one of us=20 is the "mole". =20 C'est la vie.... >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_01E1_01C24AB6.8E335FB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
jans, how come it's a she? I thought = WON was a=20 man....
 
----- Original Message -----
From:=20 Spencer48@aol.com
Sent: Friday, August 23, 2002 = 1:47=20 PM
Subject: [CANSLIM] Re: IBD Cops = Lurk (But=20 as we've all found out after 9/11: Cops CanBeNecessary!)

Tom and Duke:

     Some = times I=20 copy&paste passages from the Investors Corner column in=20
Investor.com.  I have yet to receive notice (legal or = otherwise) from=20 IBD
that I shouldn't.   I'm not sure if I'm doing = something=20 right or I'm just
being overlooked.  =

    =20 However, I do make sure that I attribute all the columns (and I = usually=20
only copy&paste passages from the columns) to IBD and to the = authors=20 of the
relevant column.  I also put quotes around the = passages to=20 differentiate what
I write from the author's thoughts on the = topic.=20

     However, after saying all this, I can = understand why IBD wants to
maintain her proprietory ownership = over her=20 intellectual property.  If she
didn't object when she = believes=20 non-fair use of IBD property is being used,
then, I believe, in = effect,=20 she would be effectively waiving her rights.

jans


In = a=20 message dated 8/22/2002 9:50:15 PM Eastern Daylight Time,
stkguru@bellsouth.net=20 writes:

<< MessageDuke, the funny thing is, if you don't = identify=20 your primary source
and also "blend in" other sources until the = final=20 product is your own
creation, they have no complaint. That is what = I was=20 forced to do when my
weekly scans of stocks at or close to new = highs came=20 entirely from DGO. Once
or twice I posted the spread sheet of data = right=20 from DGO's report, after
deleting every stock I didn't mention = (from=20 several hundred down to about
30). Instead of appreciating that I = was=20 showing non subscribers the quantity
and quality of CANSLIM data = available=20 from DGO, they threatened me as well.
Seems to be corporate policy = of both=20 DGO and IBD, with presumably lurkers
from both companies in our = midst.=20
 
 They don't seem to mind when you quote current = data on a=20 short list of
stocks, just can't copy directly from them. I will = always=20 wonder just how
many articles printed in IBD were a direct result = of=20 ideas, comments and
observations of our postings here, and taken = from this=20 group without any
attribution or credit. They are strictly one = way, what=20 is theirs is theirs,
and what is ours is theirs as=20 well.
 
 ----- Original Message -----
 From: = Duke=20 Miller
 To: CANSLIM
 Sent: Thursday, August 22, 2002 = 6:08=20 PM
 Subject: [CANSLIM] IBD Cops=20 Lurk
 
 
 All...
 
 Earlier = this week=20 I got a Certified Letter from IBD warning me that my
posting on = July 21st=20 of a spreadsheet from Screen of the Day is in violation
of the = Terms and=20 Conditions of Investors.com. 
 
 I've conversed = with=20 several members off list regarding this matter, and the
reactions = have=20 been mixed. 
 
 The point is the material they = provide=20 is proprietary.  Since not everyone
on this list subscribes = to IBD,=20 it's important that when you post something
herein it is not in = violation=20 of their Terms and Conditions. 
 
 I have my own = mixed=20 feelings, ranging from silly to respectful:  =
 
 Silly,=20 because this list is one of the more respected lists out there (as in=20
non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, = this is=20 it! 
You can't buy this kind of publicity!  The fact = that from=20 time to time we
pass along "privileged" information itself stirs = curiosity=20 amongst lurkers,
whetting their appetites for more. They = ultimately end up=20 subscribing, etc,
etc. 
 
 I am, however,=20 respectful, because they're right--they own the material and
it's = for the=20 personal use only of subscribers.  I just wonder which one of us =
is=20 the "mole".
 
 C'est la vie.... = >>

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_01E1_01C24AB6.8E335FB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mendheart@aol.com Subject: [CANSLIM] IBD Subscription..delivery. Date: 23 Aug 2002 16:07:40 EDT Canslimers, Can you help me with something. I've consistently refused to subscribe to a regular IBD subscription because they can't get the paper delivered on the same date as publication. Get this...its only been going on for 5 years. They always make numerous excuses or that...'oh this is such timely info..reading it later doesn't make any difference. Give me a break. Now, another caveat...I live in Boise, Idaho. I know we're not a major city but believe it or not we're serviced by airlines...very successfully I might add. We've had one of the best economies in the past 10 years as well as tremendous growth and accolades...but apparently IBD cant get its act together. I realize this is a bit off subject...I'm just venting. Its simply the principle of the thing! Thanks. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] IBD Subscription..delivery. Date: 23 Aug 2002 16:49:40 -0400 I've got my own pet peeve and I live in New York City. In most of Manhattan, IBD is delivered by hand early in the AM. Because of my zip code, although I am just one block away from a hand delivery zip, IBD refuses to hand deliver and mails it. As a result, 20% of the time it doesn't arrive until the day after it's supposed to arrive. ----- Original Message ----- Sent: Friday, August 23, 2002 4:07 PM > Canslimers, > > Can you help me with something. I've consistently refused to subscribe to a > regular IBD subscription because they can't get the paper delivered on the > same date as publication. Get this...its only been going on for 5 years. > They always make numerous excuses or that...'oh this is such timely > info..reading it later doesn't make any difference. Give me a break. Now, > another caveat...I live in Boise, Idaho. I know we're not a major city but > believe it or not we're serviced by airlines...very successfully I might add. > We've had one of the best economies in the past 10 years as well as > tremendous growth and accolades...but apparently IBD cant get its act > together. I realize this is a bit off subject...I'm just venting. Its > simply the principle of the thing! Thanks. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] OT - IBD Subscription..delivery. Date: 23 Aug 2002 14:39:34 -0700 I think if enough folks complain to them, perhaps they can offer you the new online version for the same price. Note: unless you have a broadband connection, it will be sloooowww though. -Bill ----- Original Message ----- Sent: Friday, August 23, 2002 1:07 PM > Canslimers, > > Can you help me with something. I've consistently refused to subscribe to a > regular IBD subscription because they can't get the paper delivered on the > same date as publication. Get this...its only been going on for 5 years. > They always make numerous excuses or that...'oh this is such timely > info..reading it later doesn't make any difference. Give me a break. Now, > another caveat...I live in Boise, Idaho. I know we're not a major city but > believe it or not we're serviced by airlines...very successfully I might add. > We've had one of the best economies in the past 10 years as well as > tremendous growth and accolades...but apparently IBD cant get its act > together. I realize this is a bit off subject...I'm just venting. Its > simply the principle of the thing! Thanks. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] IBD Subscription..delivery. Date: 23 Aug 2002 17:11:49 -0500 Mendheart, That is odd. I get the paper, but never on the same day. Mostly I get it the next day and sometimes the day after that. So when WON preaches, "look at the past, don't try to guess the future", I'm really taking the advice to the extreme Norm ----- Original Message ----- Sent: Friday, August 23, 2002 3:07 PM > Canslimers, > > Can you help me with something. I've consistently refused to subscribe to a > regular IBD subscription because they can't get the paper delivered on the > same date as publication. Get this...its only been going on for 5 years. > They always make numerous excuses or that...'oh this is such timely > info..reading it later doesn't make any difference. Give me a break. Now, > another caveat...I live in Boise, Idaho. I know we're not a major city but > believe it or not we're serviced by airlines...very successfully I might add. > We've had one of the best economies in the past 10 years as well as > tremendous growth and accolades...but apparently IBD cant get its act > together. I realize this is a bit off subject...I'm just venting. Its > simply the principle of the thing! Thanks. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] New terms and conditions for the CANSLIM list... Date: 23 Aug 2002 16:30:18 -0700 Maybe Jeff's message is addressed to any IBD moles who are list members. It would certainly apply. Kelly Short wrote: > Not what I expected from the Subject (and given the current thread > about IBD) but thank you! > > -----Original Message----- > From: Jeff Salisbury > [mailto:Jeff.Salisbury@WallStreet-LLC.com] > Sent: Friday, August 23, 2002 2:19 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] New terms and conditions for the CANSLIM > list... > > To all canslim members, > > The following terms and conditions have been added to the > CANSLIM introduction email. Since you joined before these > terms and conditions were added since you have joined, I am > sending this email to the group. Here are the new terms and > conditions: > > By signing up for this list, you agree to the following: > This list is a > private list. All information that you take from this > list is for your private > use only. Commercial use of this information is > forbidden. > > If you are unwilling to abide these conditions, you must > leave the canslim email group. > > Regards, > > Jeff Salisbury > ------------------------------------------------------------- > For your protection, this e-mail message has been scanned > for viruses. > > Visit us at http://www.neoris.com/ > ------------------------------------------------------------- > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] Index Volumes Date: 23 Aug 2002 20:28:34 -0500 I noted tonight that during the M upswing for the last 2 weeks the volume on the 500, 600, NAZ and DJIA has been below the 50DMA every day. What significance should we assign to this? Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "nicky lawrence" Subject: Re: [CANSLIM] OT - IBD Subscription..delivery. Date: 23 Aug 2002 20:31:56 -0000 This is a multi-part message in MIME format. ------=_NextPart_000_00DB_01C24AE4.1FC50640 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I live in NM 45 minutes away from the regional airport in El Paso and = last week I received all of the IBDs from the week before on a single = day. I must say that IBD has been gracious in allowing me credit for = what is obviously the Post Offices' problem but it is a pain letting = them know daily so I often blow it off.=20 But today I've been looking at Trading Markets and am thinking there is = a lot more value there than IBD! Couple that with the IBD lurkers we = are discovering and I think I'll move my money over there for a while! = Perhaps daily delivery by post is simply a failed paradigm for without = fail I get WSJ every delivered every morning before I go to work. =20 =20 Nicky Lawrence ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 23, 2002 9:39 PM Subject: Re: [CANSLIM] OT - IBD Subscription..delivery. I think if enough folks complain to them, perhaps they can offer you = the new online version for the same price. Note: unless you have a broadband connection, it will be sloooowww though. -Bill ----- Original Message ----- From: To: Sent: Friday, August 23, 2002 1:07 PM Subject: [CANSLIM] IBD Subscription..delivery. > Canslimers, > > Can you help me with something. I've consistently refused to = subscribe to a > regular IBD subscription because they can't get the paper delivered = on the > same date as publication. Get this...its only been going on for 5 = years. > They always make numerous excuses or that...'oh this is such timely > info..reading it later doesn't make any difference. Give me a = break. Now, > another caveat...I live in Boise, Idaho. I know we're not a major = city but > believe it or not we're serviced by airlines...very successfully I = might add. > We've had one of the best economies in the past 10 years as well as > tremendous growth and accolades...but apparently IBD cant get its = act > together. I realize this is a bit off subject...I'm just venting. = Its > simply the principle of the thing! Thanks. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00DB_01C24AE4.1FC50640 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I live in NM 45 minutes away from = the=20 regional airport in El Paso and last week I received all of the IBDs = from the=20 week before on a single day.  I must say that IBD has been = gracious in=20 allowing me credit for what is obviously the Post Offices' problem but = it is a=20 pain letting them know daily so I often blow it = off. 
 
But today I've been looking at = Trading=20 Markets and am thinking there is a lot more value there than = IBD! =20 Couple that with the IBD lurkers we are discovering and I think I'll = move my=20 money over there for a while!  Perhaps daily delivery by post is = simply a=20 failed paradigm for without fail I get WSJ every delivered=20 every morning before I go to work. 
 
 
Nicky Lawrence
----- Original Message -----
From:=20 Bill=20 Triffet
Sent: Friday, August 23, 2002 = 9:39=20 PM
Subject: Re: [CANSLIM] OT - IBD = Subscription..delivery.

I think if enough folks complain to them, perhaps they = can=20 offer you the new
online version for the same price. Note: unless = you have=20 a broadband
connection, it will be sloooowww=20 though.

-Bill

----- Original Message -----
From: = <Mendheart@aol.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Friday, August 23, 2002 1:07 PM
Subject: [CANSLIM] IBD=20 Subscription..delivery.


> Canslimers,
>
> = Can you=20 help me with something.  I've consistently refused to subscribe=20 to
a
> regular IBD subscription because they can't get the = paper=20 delivered on the
> same date as publication.  Get = this...its only=20 been going on for 5 years.
> They always make numerous excuses = or=20 that...'oh this is such timely
> info..reading it later doesn't = make any=20 difference.  Give me a break.
Now,
> another caveat...I = live in=20 Boise, Idaho.  I know we're not a major city
but
> = believe it or=20 not we're serviced by airlines...very successfully I=20 might
add.
>  We've had one of the best economies in the = past 10=20 years as well as
> tremendous growth and accolades...but = apparently IBD=20 cant get its act
> together.  I realize this is a bit off=20 subject...I'm just venting.  Its
> simply the principle of = the=20 thing!  Thanks.



-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_00DB_01C24AE4.1FC50640-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Breakout Blues Date: 23 Aug 2002 23:07:45 -0400 I disagree. Over the many years I have been using CANSLIM, and the past six participating in this "niche" investing group, I have seen too many people that "thought" they knew CANSLIM and how to apply it. In some cases, they had not even read HTMMIS once, much less studied it. If I multiply the membership of this group by some unknown factor to represent the population of investors that got a free two week subscription to IBD and now "think" they have the hang of CANSLIM, but never were a member here, then I think there are likely millions of potential investors that will lose money on the basis of their perception of CANSLIM, and thereby condemn the system rather than their lack of knowledge or effort to learn. ----- Original Message ----- Sent: Friday, August 23, 2002 1:13 PM Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Breakout Blues Date: 23 Aug 2002 23:26:30 -0400 Ed, nice to know that little has changed (including the 19 out of 20 shocked clients at the concept of buying high and selling much higher) in the 8 years since I left the marketing side of the brokerage business. ----- Original Message ----- Sent: Friday, August 23, 2002 3:00 PM Kelly and others in concern, CANSLIM, while gaining popularity, is not even a minor blip and the investment world's map. What O'Neil imitated from Jack Dreyfus partly was that good moves are made after a new high is reached. As an investment advisor, when I explain to clients that we look at buying at near 52 week or new all-time highs, they look at me in disbelief. 19 out of 20 times I hear they would rather sell at those levels than buy. Until the ratio becomes 10 out of 10, I will not be nervous over the investment discipline. There are many I speak with in our industry that do not even know about IBD and/or CANSLIM, which on the surface seems odd, but is natural given all the other disciplines out there. No need to fret Canslimers, the pond is wide and deep and we are a mere drop of dew off a petal. Have a great weekend. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short Sent: Friday, August 23, 2002 12:43 PM David et al, Come on! I'm just starting to feel comfortable with CANSLIM. Don't go and tell me I have to learn the opposite of CANSLIM now! My head is spinning- I think I'll go lay down... Kelly -----Original Message----- Sent: Friday, August 23, 2002 12:13 PM Tom and Robert One of the concerns that I've had is that one of the principles of investing is that once a very large group of people start following a certain investment style it generally stops working. It seems that WON has kept the C&H style of selecting stocks "fresh" by more and more carefully defining what's likely to work and likely to not. However, I suspect that significant growth in IBD (and they say it's growing quickly, they're certainly giving away a lot of copies) will eventually make it more worthwhile to trade against or outside the CANSLIM model. David Thompson - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ________________________________________________________________________ ____ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: IBD Cops Lurk (But as we've all found out after 9/11: Cops CanBeNecessary!) Date: 23 Aug 2002 23:33:58 -0400 Spencer, watch for the FedEx truck pulling up in front of your house next week sometime. I also thought attribution and quote marks were sufficient, not so, at least to DGO. I do agree that ignoring our violations of their copyright marks is likely to set some legal precedent, so they have little choice but to threaten us for violations. On the other hand, ours is a private group, entered by request only. It is not a public chat room or newsgroup, where 50 or 100 thousand unknown people could be seeing what we post. If their writers are to take from our group, without any acknowledgement or attribution, then IBD's or DGO's legalistic attitude towards this group needs to be moderated. There must be a fair and equitable middle ground. I cannot believe that the harm to either IBD or DGO over the years by postings in our group even comes close to the benefit of new subscriptions by members seeing these WON products so frequently mentioned and / or recommended. ----- Original Message ----- Sent: Friday, August 23, 2002 2:47 PM Cops CanBeNecessary!) Tom and Duke: Some times I copy&paste passages from the Investors Corner column in Investor.com. I have yet to receive notice (legal or otherwise) from IBD that I shouldn't. I'm not sure if I'm doing something right or I'm just being overlooked. However, I do make sure that I attribute all the columns (and I usually only copy&paste passages from the columns) to IBD and to the authors of the relevant column. I also put quotes around the passages to differentiate what I write from the author's thoughts on the topic. However, after saying all this, I can understand why IBD wants to maintain her proprietory ownership over her intellectual property. If she didn't object when she believes non-fair use of IBD property is being used, then, I believe, in effect, she would be effectively waiving her rights. jans In a message dated 8/22/2002 9:50:15 PM Eastern Daylight Time, stkguru@bellsouth.net writes: << MessageDuke, the funny thing is, if you don't identify your primary source and also "blend in" other sources until the final product is your own creation, they have no complaint. That is what I was forced to do when my weekly scans of stocks at or close to new highs came entirely from DGO. Once or twice I posted the spread sheet of data right from DGO's report, after deleting every stock I didn't mention (from several hundred down to about 30). Instead of appreciating that I was showing non subscribers the quantity and quality of CANSLIM data available from DGO, they threatened me as well. Seems to be corporate policy of both DGO and IBD, with presumably lurkers from both companies in our midst. They don't seem to mind when you quote current data on a short list of stocks, just can't copy directly from them. I will always wonder just how many articles printed in IBD were a direct result of ideas, comments and observations of our postings here, and taken from this group without any attribution or credit. They are strictly one way, what is theirs is theirs, and what is ours is theirs as well. ----- Original Message ----- From: Duke Miller To: CANSLIM Sent: Thursday, August 22, 2002 6:08 PM Subject: [CANSLIM] IBD Cops Lurk All... Earlier this week I got a Certified Letter from IBD warning me that my posting on July 21st of a spreadsheet from Screen of the Day is in violation of the Terms and Conditions of Investors.com. I've conversed with several members off list regarding this matter, and the reactions have been mixed. The point is the material they provide is proprietary. Since not everyone on this list subscribes to IBD, it's important that when you post something herein it is not in violation of their Terms and Conditions. I have my own mixed feelings, ranging from silly to respectful: Silly, because this list is one of the more respected lists out there (as in non-Yahoo-ish), and if ever there was a bonanza freebie for IBD, this is it! You can't buy this kind of publicity! The fact that from time to time we pass along "privileged" information itself stirs curiosity amongst lurkers, whetting their appetites for more. They ultimately end up subscribing, etc, etc. I am, however, respectful, because they're right--they own the material and it's for the personal use only of subscribers. I just wonder which one of us is the "mole". C'est la vie.... >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IBD Subscription..delivery. Date: 24 Aug 2002 00:22:14 -0400 don't know how pertinent my experience may be, but when I subscribed to IBD (back in the days before Daily Graphs Online was available, heck, the internet didn't exist then, I don't think), my copy of IBD was faithfully on the front lawn every morning the same time as the local paper. How come, you ask? I live in Miami, and IBD (then just Investors Daily) had enough subscribers in South Florida that they contracted with a local printer to print the paper. And contracted with a local delivery service (same one that delivered the local paper) to deliver door to door. Thus, outside of Los Angeles, the quality of delivery seems dependent on two factors: the availability of a cheap printer, and a contractual delivery service. I would also suspect that the sharp reduction in advertising dollars being spent in the past few years has curtailed IBD's local contractual services in favor of mailing the paper (doesn't hurt that USPS keeps raising the rate for first class mail so we can subsidize the system while they won't layoff anyone, and bulk mailers continue to clog the system and create volume at heavily discounted and subsidized rates). What I don't get, especially since IBD is apparently still unable to provide reliable daily service in many areas of the USA, not to mention the rest of the world, is why charge so much more for an e version (then again, why not, since people want the paper and IBD can't deliver reliably any way else??). I believe that the paper must be totally in an electronic form at some point before it hits the printing press. Therefore, the cost of distributing it electronically cannot be very great. Why not just give subscribers the choice of delivery form? If it means cutting down fewer trees to use paper, that's good. It certainly seems to me that the cost of delivery would be cheaper for IBD, so if they charged the same, their profit margins would go up if paper subscribers choose instead the e-paper. And they could always delay sending an e-paper to those with the free two week subscription so it arrives right before they have to leave for work. ----- Original Message ----- Sent: Friday, August 23, 2002 4:49 PM I've got my own pet peeve and I live in New York City. In most of Manhattan, IBD is delivered by hand early in the AM. Because of my zip code, although I am just one block away from a hand delivery zip, IBD refuses to hand deliver and mails it. As a result, 20% of the time it doesn't arrive until the day after it's supposed to arrive. ----- Original Message ----- Sent: Friday, August 23, 2002 4:07 PM > Canslimers, > > Can you help me with something. I've consistently refused to subscribe to a > regular IBD subscription because they can't get the paper delivered on the > same date as publication. Get this...its only been going on for 5 years. > They always make numerous excuses or that...'oh this is such timely > info..reading it later doesn't make any difference. Give me a break. Now, > another caveat...I live in Boise, Idaho. I know we're not a major city but > believe it or not we're serviced by airlines...very successfully I might add. > We've had one of the best economies in the past 10 years as well as > tremendous growth and accolades...but apparently IBD cant get its act > together. I realize this is a bit off subject...I'm just venting. Its > simply the principle of the thing! Thanks. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Index Volumes Date: 24 Aug 2002 00:24:37 -0400 summer doldrums, volume this time of year is traditionally well below average. But it also means that the rally cannot be trusted either. When the big boys come back to the City from the Hamptons, they may be very happy to take the profits created over the past three weeks. ----- Original Message ----- Sent: Friday, August 23, 2002 9:28 PM I noted tonight that during the M upswing for the last 2 weeks the volume on the 500, 600, NAZ and DJIA has been below the 50DMA every day. What significance should we assign to this? Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Breakout Blues Date: 24 Aug 2002 05:55:44 -0400 The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM will not be successful as advertised. It's been awhile since CANSLIM has dusted itself off and worked. This market action could go on for a year or more. When CANSLIM does get it's chance it will shine. I still say it's a simple concept to practice. If you put it under a microscope it can get blurred. DanF ----- Original Message ----- Sent: Friday, August 23, 2002 11:07 PM > I disagree. Over the many years I have been using CANSLIM, and the past six > participating in this "niche" investing group, I have seen too many people > that "thought" they knew CANSLIM and how to apply it. In some cases, they > had not even read HTMMIS once, much less studied it. If I multiply the > membership of this group by some unknown factor to represent the population > of investors that got a free two week subscription to IBD and now "think" > they have the hang of CANSLIM, but never were a member here, then I think > there are likely millions of potential investors that will lose money on the > basis of their perception of CANSLIM, and thereby condemn the system rather > than their lack of knowledge or effort to learn. > > ----- Original Message ----- > From: "David Thompson" > To: > Sent: Friday, August 23, 2002 1:13 PM > Subject: Re: [CANSLIM] Breakout Blues > > > Tom and Robert > > One of the concerns that I've had is that one of the principles of > investing is that once a very large group of people start following a > certain investment style it generally stops working. It seems that WON > has kept the C&H style of selecting stocks "fresh" by more and more > carefully defining what's likely to work and likely to not. However, I > suspect that significant growth in IBD (and they say it's growing > quickly, they're certainly giving away a lot of copies) will eventually > make it more worthwhile to trade against or outside the CANSLIM model. > > David Thompson > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New terms and conditions for the CANSLIM list... Date: 24 Aug 2002 07:59:18 -0400 lets not forget the DGO spies either. I want to be clear on one point, I not only don't mind employees of either IBD or DGO present in our group, I welcome them, so long as they are honest enough to introduce themselves and participate. And if they see something useful to them in their job, most likely all they have to do is ask permission to use it, with attribution, and more than likely it would be quickly given. Most likely, any attribution could lead to an influx of new members, and we know that can cause initial problems if they don't take the time to observe that this is not just any internet chat room, with all the typical hype and touting and rude behaviour. But we have experienced that before a number of times, and will manage if it happens again. I only know of one IBD employee in six years that ever introduced herself to the group (she did the interview many months ago). I know of no reason why an IBD / DGO employee could not post an introduction, it is asked of all new members as a courtesy. ----- Original Message ----- Sent: Friday, August 23, 2002 7:30 PM Maybe Jeff's message is addressed to any IBD moles who are list members. It would certainly apply. Kelly Short wrote: > Not what I expected from the Subject (and given the current thread > about IBD) but thank you! > > -----Original Message----- > From: Jeff Salisbury > [mailto:Jeff.Salisbury@WallStreet-LLC.com] > Sent: Friday, August 23, 2002 2:19 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] New terms and conditions for the CANSLIM > list... > > To all canslim members, > > The following terms and conditions have been added to the > CANSLIM introduction email. Since you joined before these > terms and conditions were added since you have joined, I am > sending this email to the group. Here are the new terms and > conditions: > > By signing up for this list, you agree to the following: > This list is a > private list. All information that you take from this > list is for your private > use only. Commercial use of this information is > forbidden. > > If you are unwilling to abide these conditions, you must > leave the canslim email group. > > Regards, > > Jeff Salisbury > ------------------------------------------------------------- > For your protection, this e-mail message has been scanned > for viruses. > > Visit us at http://www.neoris.com/ > ------------------------------------------------------------- > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: [CANSLIM] Updated A's in the IBD Acc/Dis ratings Date: 24 Aug 2002 07:07:53 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_000F_01C24B3C.F6D3ECC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0010_01C24B3C.F6D3ECC0" ------=_NextPart_001_0010_01C24B3C.F6D3ECC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit GlacierWe have posted to the website the updated "A's" of IBD's Acc/Dis ratings. They have been increasing almost daily since July 24 when they reached an all-time low! http://www.adrich.com/SI/Info/A's.htm ---- Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com ------=_NextPart_001_0010_01C24B3C.F6D3ECC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Glacier
We have posted to the website the = updated=20 "A's" of IBD's Acc/Dis ratings.  They have been increasing almost = daily=20 since July 24 when they reached an all-time low!
 
http://www.adrich.com/SI/I= nfo/A's.htm
 
Fred Richards
 
Corruptisima republica plurimae leges.  [The more corrupt a = republic,=20 the more laws.]  - - Tacitus, Annuals III 27
 

 

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] IBD Subscription..delivery. Date: 24 Aug 2002 07:45:16 -0500 Hi Tom, I have a guess that the cost for the e-copy is significantly higher because they've probably figured out that there will be folks who buy the e-copy and then share it. Of course, I'm not advocating this, but I'm sure that had something to do with their pricing model. People share the printed copy now, so it would make sense that they would share an e-copy as well, it'll just be easier to do so--and besides, no KKD and SBUX stains all over the pages! Katherine ----- Original Message ----- Sent: Friday, August 23, 2002 11:22 PM | don't know how pertinent my experience may be, but when I subscribed to IBD | (back in the days before Daily Graphs Online was available, heck, the | internet didn't exist then, I don't think), my copy of IBD was faithfully on | the front lawn every morning the same time as the local paper. How come, you | ask? I live in Miami, and IBD (then just Investors Daily) had enough | subscribers in South Florida that they contracted with a local printer to | print the paper. And contracted with a local delivery service (same one that | delivered the local paper) to deliver door to door. Thus, outside of Los | Angeles, the quality of delivery seems dependent on two factors: the | availability of a cheap printer, and a contractual delivery service. I would | also suspect that the sharp reduction in advertising dollars being spent in | the past few years has curtailed IBD's local contractual services in favor | of mailing the paper (doesn't hurt that USPS keeps raising the rate for | first class mail so we can subsidize the system while they won't layoff | anyone, and bulk mailers continue to clog the system and create volume at | heavily discounted and subsidized rates). | | What I don't get, especially since IBD is apparently still unable to provide | reliable daily service in many areas of the USA, not to mention the rest of | the world, is why charge so much more for an e version (then again, why not, | since people want the paper and IBD can't deliver reliably any way else??). | I believe that the paper must be totally in an electronic form at some point | before it hits the printing press. Therefore, the cost of distributing it | electronically cannot be very great. Why not just give subscribers the | choice of delivery form? If it means cutting down fewer trees to use paper, | that's good. It certainly seems to me that the cost of delivery would be | cheaper for IBD, so if they charged the same, their profit margins would go | up if paper subscribers choose instead the e-paper. | | And they could always delay sending an e-paper to those with the free two | week subscription so it arrives right before they have to leave for work. | | ----- Original Message ----- | From: "J. Lobatto" | To: | Sent: Friday, August 23, 2002 4:49 PM | Subject: Re: [CANSLIM] IBD Subscription..delivery. | | | I've got my own pet peeve and I live in New York City. In most of Manhattan, | IBD is delivered by hand early in the AM. Because of my zip code, although I | am just one block away from a hand delivery zip, IBD refuses to hand deliver | and mails it. As a result, 20% of the time it doesn't arrive until the day | after it's supposed to arrive. | | ----- Original Message ----- | From: | To: | Sent: Friday, August 23, 2002 4:07 PM | Subject: [CANSLIM] IBD Subscription..delivery. | | | > Canslimers, | > | > Can you help me with something. I've consistently refused to subscribe to | a | > regular IBD subscription because they can't get the paper delivered on the | > same date as publication. Get this...its only been going on for 5 years. | > They always make numerous excuses or that...'oh this is such timely | > info..reading it later doesn't make any difference. Give me a break. | Now, | > another caveat...I live in Boise, Idaho. I know we're not a major city | but | > believe it or not we're serviced by airlines...very successfully I might | add. | > We've had one of the best economies in the past 10 years as well as | > tremendous growth and accolades...but apparently IBD cant get its act | > together. I realize this is a bit off subject...I'm just venting. Its | > simply the principle of the thing! Thanks. | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] IBD Subscription..delivery. Date: 24 Aug 2002 08:06:22 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0034_01C24B45.22E40270 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable What... no grease or acid... won't make reading the paper the same! ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 24, 2002 7:45 AM Subject: Re: [CANSLIM] IBD Subscription..delivery. Hi Tom, I have a guess that the cost for the e-copy is significantly higher = because they've probably figured out that there will be folks who buy the = e-copy and then share it. Of course, I'm not advocating this, but I'm sure that = had something to do with their pricing model. People share the printed = copy now, so it would make sense that they would share an e-copy as well, it'll = just be easier to do so--and besides, no KKD and SBUX stains all over the = pages! Katherine ----- Original Message ----- From: "Tom Worley" To: Sent: Friday, August 23, 2002 11:22 PM Subject: Re: [CANSLIM] IBD Subscription..delivery. | don't know how pertinent my experience may be, but when I subscribed = to IBD | (back in the days before Daily Graphs Online was available, heck, = the | internet didn't exist then, I don't think), my copy of IBD was = faithfully on | the front lawn every morning the same time as the local paper. How = come, you | ask? I live in Miami, and IBD (then just Investors Daily) had enough | subscribers in South Florida that they contracted with a local = printer to | print the paper. And contracted with a local delivery service (same = one that | delivered the local paper) to deliver door to door. Thus, outside of = Los | Angeles, the quality of delivery seems dependent on two factors: the | availability of a cheap printer, and a contractual delivery service. = I would | also suspect that the sharp reduction in advertising dollars being = spent in | the past few years has curtailed IBD's local contractual services in = favor | of mailing the paper (doesn't hurt that USPS keeps raising the rate = for | first class mail so we can subsidize the system while they won't = layoff | anyone, and bulk mailers continue to clog the system and create = volume at | heavily discounted and subsidized rates). | | What I don't get, especially since IBD is apparently still unable to provide | reliable daily service in many areas of the USA, not to mention the = rest of | the world, is why charge so much more for an e version (then again, = why not, | since people want the paper and IBD can't deliver reliably any way else??). | I believe that the paper must be totally in an electronic form at = some point | before it hits the printing press. Therefore, the cost of = distributing it | electronically cannot be very great. Why not just give subscribers = the | choice of delivery form? If it means cutting down fewer trees to use paper, | that's good. It certainly seems to me that the cost of delivery = would be | cheaper for IBD, so if they charged the same, their profit margins = would go | up if paper subscribers choose instead the e-paper. | | And they could always delay sending an e-paper to those with the = free two | week subscription so it arrives right before they have to leave for = work. | | ----- Original Message ----- | From: "J. Lobatto" | To: | Sent: Friday, August 23, 2002 4:49 PM | Subject: Re: [CANSLIM] IBD Subscription..delivery. | | | I've got my own pet peeve and I live in New York City. In most of Manhattan, | IBD is delivered by hand early in the AM. Because of my zip code, = although I | am just one block away from a hand delivery zip, IBD refuses to hand deliver | and mails it. As a result, 20% of the time it doesn't arrive until = the day | after it's supposed to arrive. | | ----- Original Message ----- | From: | To: | Sent: Friday, August 23, 2002 4:07 PM | Subject: [CANSLIM] IBD Subscription..delivery. | | | > Canslimers, | > | > Can you help me with something. I've consistently refused to = subscribe to | a | > regular IBD subscription because they can't get the paper = delivered on the | > same date as publication. Get this...its only been going on for 5 years. | > They always make numerous excuses or that...'oh this is such = timely | > info..reading it later doesn't make any difference. Give me a = break. | Now, | > another caveat...I live in Boise, Idaho. I know we're not a major = city | but | > believe it or not we're serviced by airlines...very successfully I = might | add. | > We've had one of the best economies in the past 10 years as well = as | > tremendous growth and accolades...but apparently IBD cant get its = act | > together. I realize this is a bit off subject...I'm just venting. = Its | > simply the principle of the thing! Thanks. | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0034_01C24B45.22E40270 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
What... no grease or acid... won't = make reading=20 the paper the same!
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Saturday, August 24, 2002 = 7:45=20 AM
Subject: Re: [CANSLIM] IBD=20 Subscription..delivery.

Hi Tom,

I have a guess that the cost for the = e-copy is=20 significantly higher because
they've probably figured out that = there will=20 be folks who buy the e-copy and
then share it. Of course, I'm not=20 advocating this, but I'm sure that had
something to do with their = pricing=20 model. People share the printed copy now,
so it would make sense = that they=20 would share an e-copy as well, it'll just
be easier to do so--and = besides,=20 no KKD and SBUX stains all over the = pages!

Katherine


-----=20 Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Friday, August 23, 2002 11:22 PM
Subject: Re: [CANSLIM] IBD=20 Subscription..delivery.


| don't know how pertinent my = experience=20 may be, but when I subscribed to
IBD
| (back in the days before = Daily=20 Graphs Online was available, heck, the
| internet didn't exist = then, I=20 don't think), my copy of IBD was faithfully
on
| the front lawn = every=20 morning the same time as the local paper. How come,
you
| ask? I = live in=20 Miami, and IBD (then just Investors Daily) had enough
| subscribers = in=20 South Florida that they contracted with a local printer to
| print = the=20 paper. And contracted with a local delivery service (same = one
that
|=20 delivered the local paper) to deliver door to door. Thus, outside of = Los
|=20 Angeles, the quality of delivery seems dependent on two factors: = the
|=20 availability of a cheap printer, and a contractual delivery service.=20 I
would
| also suspect that the sharp reduction in advertising = dollars=20 being spent
in
| the past few years has curtailed IBD's local=20 contractual services in favor
| of mailing the paper (doesn't hurt = that=20 USPS keeps raising the rate for
| first class mail so we can = subsidize the=20 system while they won't layoff
| anyone, and bulk mailers continue = to clog=20 the system and create volume at
| heavily discounted and subsidized = rates).
|
| What I don't get, especially since IBD is apparently = still=20 unable to
provide
| reliable daily service in many areas of the = USA, not=20 to mention the rest
of
| the world, is why charge so much more = for an e=20 version (then again, why
not,
| since people want the paper and = IBD=20 can't deliver reliably any way
else??).
| I believe that the = paper must=20 be totally in an electronic form at some
point
| before it hits = the=20 printing press. Therefore, the cost of distributing it
| = electronically=20 cannot be very great. Why not just give subscribers the
| choice of = delivery form? If it means cutting down fewer trees to = use
paper,
|=20 that's good. It certainly seems to me that the cost of delivery would = be
|=20 cheaper for IBD, so if they charged the same, their profit margins=20 would
go
| up if paper subscribers choose instead the = e-paper.
|
|=20 And they could always delay sending an e-paper to those with the free = two
|=20 week subscription so it arrives right before they have to leave for=20 work.
|
| ----- Original Message -----
| From: "J. Lobatto" = <jlobatto@nyc.rr.com>
| = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
|=20 Sent: Friday, August 23, 2002 4:49 PM
| Subject: Re: [CANSLIM] IBD=20 Subscription..delivery.
|
|
| I've got my own pet peeve and I = live in=20 New York City. In most of
Manhattan,
| IBD is delivered by hand = early in=20 the AM. Because of my zip code, although
I
| am just one block = away from=20 a hand delivery zip, IBD refuses to hand
deliver
| and mails it. = As a=20 result, 20% of the time it doesn't arrive until the day
| after = it's=20 supposed to arrive.
|
| ----- Original Message -----
| From: = <Mendheart@aol.com>
| To: = <canslim@lists.xmission.com= >
|=20 Sent: Friday, August 23, 2002 4:07 PM
| Subject: [CANSLIM] IBD=20 Subscription..delivery.
|
|
| > Canslimers,
| >
| = >=20 Can you help me with something.  I've consistently refused to=20 subscribe
to
| a
| > regular IBD subscription because they = can't=20 get the paper delivered on
the
| > same date as = publication. =20 Get this...its only been going on for 5
years.
| > They = always make=20 numerous excuses or that...'oh this is such timely
| > = info..reading it=20 later doesn't make any difference.  Give me a break.
| = Now,
| >=20 another caveat...I live in Boise, Idaho.  I know we're not a = major=20 city
| but
| > believe it or not we're serviced by = airlines...very=20 successfully I might
| add.
| >  We've had one of the = best=20 economies in the past 10 years as well as
| > tremendous growth = and=20 accolades...but apparently IBD cant get its act
| > = together.  I=20 realize this is a bit off subject...I'm just venting.  Its
| = >=20 simply the principle of the thing!  Thanks.
| >
| > = -
|=20 > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = > -In=20 the email body, write "subscribe canslim" or
| > -"unsubscribe=20 canslim".  Do not use quotes in your email.
|
|
| -
| = -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.
------=_NextPart_000_0034_01C24B45.22E40270-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Index Volumes Date: 24 Aug 2002 07:56:56 -0500 That's where I was going Tom. Sure it's a rally, but rallies on low volume are supposed to be suspect. But like you point out, low vol is sometimes all the vol we get this time of year. So I was wondering which way to interpret the action, as just a seasonally low vol rally or as a low vol rally not to be trusted. In any case CAN SLIM rules still apply to buying or selling. Just something else to ponder while we watch BOs fail "When the big boys come back to the City from the Hamptons" I dunno if their gonna let Kozlowski come back Norm ----- Original Message ----- Sent: Friday, August 23, 2002 11:24 PM > summer doldrums, volume this time of year is traditionally well below > average. But it also means that the rally cannot be trusted either. > > When the big boys come back to the City from the Hamptons, they may be very > happy to take the profits created over the past three weeks. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Friday, August 23, 2002 9:28 PM > Subject: [CANSLIM] Index Volumes > > > I noted tonight that during the M upswing for the last 2 weeks the volume on > the 500, 600, NAZ and DJIA has been below the 50DMA every day. What > significance should we assign to this? > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] New terms and conditions for the CANSLIM list... Date: 24 Aug 2002 08:00:38 -0500 I can just see it now Tom, they ask permission, the author gives it, the author/listserv is cited in the paper, and we have 500 new members... Are you ready Jeff Norm ----- Original Message ----- Sent: Saturday, August 24, 2002 6:59 AM > lets not forget the DGO spies either. > > I want to be clear on one point, I not only don't mind employees of either > IBD or DGO present in our group, I welcome them, so long as they are honest > enough to introduce themselves and participate. And if they see something > useful to them in their job, most likely all they have to do is ask > permission to use it, with attribution, and more than likely it would be > quickly given. > > Most likely, any attribution could lead to an influx of new members, and we > know that can cause initial problems if they don't take the time to observe > that this is not just any internet chat room, with all the typical hype and > touting and rude behaviour. But we have experienced that before a number of > times, and will manage if it happens again. > > I only know of one IBD employee in six years that ever introduced herself to > the group (she did the interview many months ago). I know of no reason why > an IBD / DGO employee could not post an introduction, it is asked of all new > members as a courtesy. > > ----- Original Message ----- > From: "Harvey Brion" > To: > Sent: Friday, August 23, 2002 7:30 PM > Subject: Re: [CANSLIM] New terms and conditions for the CANSLIM list... > > > Maybe Jeff's message is addressed to any IBD moles who are list > members. It would certainly apply. > > Kelly Short wrote: > > > Not what I expected from the Subject (and given the current thread > > about IBD) but thank you! > > > > -----Original Message----- > > From: Jeff Salisbury > > [mailto:Jeff.Salisbury@WallStreet-LLC.com] > > Sent: Friday, August 23, 2002 2:19 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] New terms and conditions for the CANSLIM > > list... > > > > To all canslim members, > > > > The following terms and conditions have been added to the > > CANSLIM introduction email. Since you joined before these > > terms and conditions were added since you have joined, I am > > sending this email to the group. Here are the new terms and > > conditions: > > > > By signing up for this list, you agree to the following: > > This list is a > > private list. All information that you take from this > > list is for your private > > use only. Commercial use of this information is > > forbidden. > > > > If you are unwilling to abide these conditions, you must > > leave the canslim email group. > > > > Regards, > > > > Jeff Salisbury > > ------------------------------------------------------------- > > For your protection, this e-mail message has been scanned > > for viruses. > > > > Visit us at http://www.neoris.com/ > > ------------------------------------------------------------- > > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IBD Subscription..delivery. Date: 24 Aug 2002 09:03:03 -0400 good point, I hadn't thought about that. Maybe they can find a way to charge $5.00 every time its opened after the first time? ----- Original Message ----- Sent: Saturday, August 24, 2002 8:45 AM Hi Tom, I have a guess that the cost for the e-copy is significantly higher because they've probably figured out that there will be folks who buy the e-copy and then share it. Of course, I'm not advocating this, but I'm sure that had something to do with their pricing model. People share the printed copy now, so it would make sense that they would share an e-copy as well, it'll just be easier to do so--and besides, no KKD and SBUX stains all over the pages! Katherine ----- Original Message ----- Sent: Friday, August 23, 2002 11:22 PM | don't know how pertinent my experience may be, but when I subscribed to IBD | (back in the days before Daily Graphs Online was available, heck, the | internet didn't exist then, I don't think), my copy of IBD was faithfully on | the front lawn every morning the same time as the local paper. How come, you | ask? I live in Miami, and IBD (then just Investors Daily) had enough | subscribers in South Florida that they contracted with a local printer to | print the paper. And contracted with a local delivery service (same one that | delivered the local paper) to deliver door to door. Thus, outside of Los | Angeles, the quality of delivery seems dependent on two factors: the | availability of a cheap printer, and a contractual delivery service. I would | also suspect that the sharp reduction in advertising dollars being spent in | the past few years has curtailed IBD's local contractual services in favor | of mailing the paper (doesn't hurt that USPS keeps raising the rate for | first class mail so we can subsidize the system while they won't layoff | anyone, and bulk mailers continue to clog the system and create volume at | heavily discounted and subsidized rates). | | What I don't get, especially since IBD is apparently still unable to provide | reliable daily service in many areas of the USA, not to mention the rest of | the world, is why charge so much more for an e version (then again, why not, | since people want the paper and IBD can't deliver reliably any way else??). | I believe that the paper must be totally in an electronic form at some point | before it hits the printing press. Therefore, the cost of distributing it | electronically cannot be very great. Why not just give subscribers the | choice of delivery form? If it means cutting down fewer trees to use paper, | that's good. It certainly seems to me that the cost of delivery would be | cheaper for IBD, so if they charged the same, their profit margins would go | up if paper subscribers choose instead the e-paper. | | And they could always delay sending an e-paper to those with the free two | week subscription so it arrives right before they have to leave for work. | | ----- Original Message ----- | From: "J. Lobatto" | To: | Sent: Friday, August 23, 2002 4:49 PM | Subject: Re: [CANSLIM] IBD Subscription..delivery. | | | I've got my own pet peeve and I live in New York City. In most of Manhattan, | IBD is delivered by hand early in the AM. Because of my zip code, although I | am just one block away from a hand delivery zip, IBD refuses to hand deliver | and mails it. As a result, 20% of the time it doesn't arrive until the day | after it's supposed to arrive. | | ----- Original Message ----- | From: | To: | Sent: Friday, August 23, 2002 4:07 PM | Subject: [CANSLIM] IBD Subscription..delivery. | | | > Canslimers, | > | > Can you help me with something. I've consistently refused to subscribe to | a | > regular IBD subscription because they can't get the paper delivered on the | > same date as publication. Get this...its only been going on for 5 years. | > They always make numerous excuses or that...'oh this is such timely | > info..reading it later doesn't make any difference. Give me a break. | Now, | > another caveat...I live in Boise, Idaho. I know we're not a major city | but | > believe it or not we're serviced by airlines...very successfully I might | add. | > We've had one of the best economies in the past 10 years as well as | > tremendous growth and accolades...but apparently IBD cant get its act | > together. I realize this is a bit off subject...I'm just venting. Its | > simply the principle of the thing! Thanks. | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Index Volumes Date: 24 Aug 2002 09:06:02 -0400 Norman, it can be both a "seasonally low volume rally", and a "low volume rally not to be trusted", all at the same time. At least that's how I read it, and am just enjoying the ride, margin acct up 75% for the year so far, and trying for at least 100% in the months remaining. ----- Original Message ----- Sent: Saturday, August 24, 2002 8:56 AM That's where I was going Tom. Sure it's a rally, but rallies on low volume are supposed to be suspect. But like you point out, low vol is sometimes all the vol we get this time of year. So I was wondering which way to interpret the action, as just a seasonally low vol rally or as a low vol rally not to be trusted. In any case CAN SLIM rules still apply to buying or selling. Just something else to ponder while we watch BOs fail "When the big boys come back to the City from the Hamptons" I dunno if their gonna let Kozlowski come back Norm ----- Original Message ----- Sent: Friday, August 23, 2002 11:24 PM > summer doldrums, volume this time of year is traditionally well below > average. But it also means that the rally cannot be trusted either. > > When the big boys come back to the City from the Hamptons, they may be very > happy to take the profits created over the past three weeks. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Friday, August 23, 2002 9:28 PM > Subject: [CANSLIM] Index Volumes > > > I noted tonight that during the M upswing for the last 2 weeks the volume on > the 500, 600, NAZ and DJIA has been below the 50DMA every day. What > significance should we assign to this? > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New terms and conditions for the CANSLIM list... Date: 24 Aug 2002 09:08:25 -0400 we can handle it, had over 1,000 members at one time when there was a digest version. Might mean Jeff has to take a vacation from his day job to handle it, tho ----- Original Message ----- Sent: Saturday, August 24, 2002 9:00 AM I can just see it now Tom, they ask permission, the author gives it, the author/listserv is cited in the paper, and we have 500 new members... Are you ready Jeff Norm ----- Original Message ----- Sent: Saturday, August 24, 2002 6:59 AM > lets not forget the DGO spies either. > > I want to be clear on one point, I not only don't mind employees of either > IBD or DGO present in our group, I welcome them, so long as they are honest > enough to introduce themselves and participate. And if they see something > useful to them in their job, most likely all they have to do is ask > permission to use it, with attribution, and more than likely it would be > quickly given. > > Most likely, any attribution could lead to an influx of new members, and we > know that can cause initial problems if they don't take the time to observe > that this is not just any internet chat room, with all the typical hype and > touting and rude behaviour. But we have experienced that before a number of > times, and will manage if it happens again. > > I only know of one IBD employee in six years that ever introduced herself to > the group (she did the interview many months ago). I know of no reason why > an IBD / DGO employee could not post an introduction, it is asked of all new > members as a courtesy. > > ----- Original Message ----- > From: "Harvey Brion" > To: > Sent: Friday, August 23, 2002 7:30 PM > Subject: Re: [CANSLIM] New terms and conditions for the CANSLIM list... > > > Maybe Jeff's message is addressed to any IBD moles who are list > members. It would certainly apply. > > Kelly Short wrote: > > > Not what I expected from the Subject (and given the current thread > > about IBD) but thank you! > > > > -----Original Message----- > > From: Jeff Salisbury > > [mailto:Jeff.Salisbury@WallStreet-LLC.com] > > Sent: Friday, August 23, 2002 2:19 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] New terms and conditions for the CANSLIM > > list... > > > > To all canslim members, > > > > The following terms and conditions have been added to the > > CANSLIM introduction email. Since you joined before these > > terms and conditions were added since you have joined, I am > > sending this email to the group. Here are the new terms and > > conditions: > > > > By signing up for this list, you agree to the following: > > This list is a > > private list. All information that you take from this > > list is for your private > > use only. Commercial use of this information is > > forbidden. > > > > If you are unwilling to abide these conditions, you must > > leave the canslim email group. > > > > Regards, > > > > Jeff Salisbury > > ------------------------------------------------------------- > > For your protection, this e-mail message has been scanned > > for viruses. > > > > Visit us at http://www.neoris.com/ > > ------------------------------------------------------------- > > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Roger Tawa Subject: [CANSLIM] Intro - Roger Date: 24 Aug 2002 09:34:21 -0400 hi everyone, with all the introductions going on in the last little while, i figured now is a good time for my own. i am a canadian software developer with 12 years experience, working in the entertaining business for the last 7 (my company writes s/w for putting together and adding special effects to movies/commercials/rock video/etc). i have been "saving" since i started working, but i would not call it investing. mostly a mutual fund here or there, some savings bonds and GICs. about 5 years ago, i decided i needed a financial advisor, since i just didn't have time to study the market or could ever possibly navigate such a complex system (not). in any case, over the last five years i have annualized about - 5%, not a very good record. so a couple of months ago i took it upon myself to learn more about investing. i asked some friends who were "into investing" for some pointer, and i got the motley fool book. i thought it was interesting. i then got malkiel's "random walk" book. i thought it was a very fascinating book, quite humourous, and had very convincing arguments. my favourite line from the book: "a financial statement is like a bikini. what it reveals in interesting, but what it hides is essential". being a person that never listens to only one side of the story before making up his mind, i decided to read a book contrary to malkiel. that is when i found HTMMISv3. it just made a lot of sense. i am currently reading/studying it for the third time (and i have lots of questions, please stand by :-)). imho, WON is the perfect white to malkiel's black. i have been lurking on this email list for about 2 weeks. i truly find the quality of the postings here outstanding, and the members cordial, friendly, and knowledgeable. i look forward to spending lots of time here. for the immediate future, i plan on getting away from my advisor and implementing malkiel's strategy. i then plan on learning and slowly starting to practice CANSLIM. thanks for letting me join your group. Roger Tawa [One thing about paradigms: shift happens.] ________________________________________________ Get your own "800" number Voicemail, fax, email, and a lot more http://www.ureach.com/reg/tag - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro - Roger Date: 24 Aug 2002 10:42:04 -0400 Welcome to the group, Roger, you will continue to find content and thought provoking posts here. We get off topic like any group will, but always end up back on CANSLIM. ----- Original Message ----- Sent: Saturday, August 24, 2002 9:34 AM hi everyone, with all the introductions going on in the last little while, i figured now is a good time for my own. i am a canadian software developer with 12 years experience, working in the entertaining business for the last 7 (my company writes s/w for putting together and adding special effects to movies/commercials/rock video/etc). i have been "saving" since i started working, but i would not call it investing. mostly a mutual fund here or there, some savings bonds and GICs. about 5 years ago, i decided i needed a financial advisor, since i just didn't have time to study the market or could ever possibly navigate such a complex system (not). in any case, over the last five years i have annualized about - 5%, not a very good record. so a couple of months ago i took it upon myself to learn more about investing. i asked some friends who were "into investing" for some pointer, and i got the motley fool book. i thought it was interesting. i then got malkiel's "random walk" book. i thought it was a very fascinating book, quite humourous, and had very convincing arguments. my favourite line from the book: "a financial statement is like a bikini. what it reveals in interesting, but what it hides is essential". being a person that never listens to only one side of the story before making up his mind, i decided to read a book contrary to malkiel. that is when i found HTMMISv3. it just made a lot of sense. i am currently reading/studying it for the third time (and i have lots of questions, please stand by :-)). imho, WON is the perfect white to malkiel's black. i have been lurking on this email list for about 2 weeks. i truly find the quality of the postings here outstanding, and the members cordial, friendly, and knowledgeable. i look forward to spending lots of time here. for the immediate future, i plan on getting away from my advisor and implementing malkiel's strategy. i then plan on learning and slowly starting to practice CANSLIM. thanks for letting me join your group. Roger Tawa [One thing about paradigms: shift happens.] ________________________________________________ Get your own "800" number Voicemail, fax, email, and a lot more http://www.ureach.com/reg/tag - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Breakout Blues Date: 24 Aug 2002 10:42:30 -0500 I think CAN SLIM is working great. If we are following the rules then we have very limited exposure to the M right now. Sure we have seen some confirmation days but are we seeing good numbers of leading industries/companies breaking out of sound bases? Not for my tastes. Sitting in cash because the rules say so is a positive position, IMO. As we say in science; if you have a measurement of zero, that is as good as any other non-zero measurement, it is still what was observed in the sample. Not having any exposure to a M because some of the CAN SLIM rules keep you out is not to say the method isn't working. Just my $0.02. Norm ----- Original Message ----- Sent: Saturday, August 24, 2002 4:55 AM > The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 > stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM > will not be successful as advertised. It's been awhile since CANSLIM has > dusted itself off and worked. This market action could go on for a year or > more. When CANSLIM does get it's chance it will shine. I still say it's a > simple concept to practice. If you put it under a microscope it can get > blurred. > > DanF > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 23, 2002 11:07 PM > Subject: Re: [CANSLIM] Breakout Blues > > > > I disagree. Over the many years I have been using CANSLIM, and the past > six > > participating in this "niche" investing group, I have seen too many people > > that "thought" they knew CANSLIM and how to apply it. In some cases, they > > had not even read HTMMIS once, much less studied it. If I multiply the > > membership of this group by some unknown factor to represent the > population > > of investors that got a free two week subscription to IBD and now "think" > > they have the hang of CANSLIM, but never were a member here, then I think > > there are likely millions of potential investors that will lose money on > the > > basis of their perception of CANSLIM, and thereby condemn the system > rather > > than their lack of knowledge or effort to learn. > > > > ----- Original Message ----- > > From: "David Thompson" > > To: > > Sent: Friday, August 23, 2002 1:13 PM > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > Tom and Robert > > > > One of the concerns that I've had is that one of the principles of > > investing is that once a very large group of people start following a > > certain investment style it generally stops working. It seems that WON > > has kept the C&H style of selecting stocks "fresh" by more and more > > carefully defining what's likely to work and likely to not. However, I > > suspect that significant growth in IBD (and they say it's growing > > quickly, they're certainly giving away a lot of copies) will eventually > > make it more worthwhile to trade against or outside the CANSLIM model. > > > > David Thompson > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Breakout Blues Date: 24 Aug 2002 14:46:54 EDT --part1_159.130df424.2a992e9e_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dan, That's the bottom line and what I was trying to say. This is not a good Market for CANSLIM. It is not a knock against the method at all. Actually it's a validation of the system since, as Tom put it, by the book CANSLIM users would probably still be in cash and not trying to play this Market. Thanks for adjusting the focus. Robert W. Elmer --part1_159.130df424.2a992e9e_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dan,

That's the bottom line and what I was trying to say. This is not a good Market for CANSLIM. It is not a knock against the method at all. Actually it's a validation of the system since, as Tom put it, by the book CANSLIM users would probably still be in cash and not trying to play this Market.

Thanks for adjusting the focus.

Robert W. Elmer
--part1_159.130df424.2a992e9e_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: [CANSLIM] Introduction Date: 24 Aug 2002 15:27:29 EDT --part1_41.223faf51.2a993821_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Greetings All, In reading another post this morning I found that it was considered good manners here to give a formal introduction of yourself. I had seen many do it over the months but didn't realize it was expected. My apologies for the faux pas. I am a Realtor in Redding, CA who has been following the Market since February of 1999. Our office started an Investment Club at that time and I volunteered to help run it. I knew absolutely nothing about the Market when we started but I had a keen interest in learning about it. I have devoured everything I could about stocks ever since and have shared my education with our Club. We get together monthly and discuss the various concepts learned so as to adapt the more promising thoughts along the way. I have exposed myself to the NAIC method, which our Club used for a time; the Motley Fool methods; VectorVest, which we're very happy with; and now CANSLIM; with various smaller technical trading forays along the way. All and all we use VectorVest for our mining, timing, and portfolio management and are currently incorporating CANSLIM into our method. I was invited to this CANSLIM Group several months back, at the end of 2001 I believe, but have mostly lurked while I learned what I could about CANSLIM. I have long since gone through the Learning Center at IBD and have recently read and reread HTMMIS and the 24 Questions books. One thing that I found comforting is that many of the rules our Club developed along the way are exactly the things WON espouses too. More importantly, however, are the things we didn't think of. Prime among these is the questionable nature of using PEs to judge a stock's attractiveness. In reality we had gravitated towards the Motley Fool model, which valued stocks more on a PEG basis. After exposing ourselves to CANSLIM, however, we all agree that this is a model we prefer to adapt. I hope that serves as an adequate introduction. I'll only add that I think this is as good a group as I've seen to discuss stocks with and I really appreciate the civility here. Best Regards, Robert W. Elmer --part1_41.223faf51.2a993821_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Greetings All,

In reading another post this morning I found that it was considered good manners here to give a formal introduction of yourself. I had seen many do it over the months but didn't realize it was expected. My apologies for the faux pas.

I am a Realtor in Redding, CA who has been following the Market since February of 1999. Our office started an Investment Club at that time and I volunteered to help run it. I knew absolutely nothing about the Market when we started but I had a keen interest in learning about it. I have devoured everything I could about stocks ever since and have shared my education with our Club. We get together monthly and discuss the various concepts learned so as to adapt the more promising thoughts along the way. I have exposed myself to the NAIC method, which our Club used for a time; the Motley Fool methods; VectorVest, which we're very happy with; and now CANSLIM; with various smaller technical trading forays along the way. All and all we use VectorVest for our mining, timing, and portfolio management and are currently incorporating CANSLIM into our method.

I was invited to this CANSLIM Group several months back, at the end of 2001 I believe, but have mostly lurked while I learned what I could about CANSLIM. I have long since gone through the Learning Center at IBD and have recently read and reread HTMMIS and the 24 Questions books. One thing that I found comforting is that many of the rules our Club developed along the way are exactly the things WON espouses too. More importantly, however, are the things we didn't think of. Prime among these is the questionable nature of using PEs to judge a stock's attractiveness. In reality we had gravitated towards the Motley Fool model, which valued stocks more on a PEG basis. After exposing ourselves to CANSLIM, however, we all agree that this is a model we prefer to adapt.

I hope that serves as an adequate introduction. I'll only add that I think this is as good a group as I've seen to discuss stocks with and I really appreciate the civility here.

Best Regards,

Robert W. Elmer
--part1_41.223faf51.2a993821_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Breakout Blues Date: 24 Aug 2002 09:30:50 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_004A_01C24B50.EF3FD500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Thought I'd just chip in with some anecdotal evidence of breakouts from CwH formations that I've identified since the July 24 low and how they've fared through market close yesterday. A breakout is a stock that closed above its pivot on the breakout date with at least 150% ADV. The evidence shows that breakouts are mostly either failing or not sustaining their gains in a significant way. The number of stocks in the sample is too small to draw any scientific conclusions from, but are interesting nevertheless. The first table is of breakouts from a CwH formation with a minimum 5 day handle and within 15% of their left cup high. As of yesterday all but one of them was still above the pivot, but only just, and were substantially down from their high water mark. Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at Date Price Close Volume Price Volume % Intraday High 8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11% 8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29% 8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29% 8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12% 8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90% The second table is of breakouts from a minimum two day handle and within 22% of the left cup high. In this group only two are above water, which appears to confirm that breakouts from short handles are more suspect. Interestingly, INTL had a 5 day handle when it broke out. However, the potential gain from this group was greater for the swing trader. Greater risk, but greater potential return? Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at Date Price Close Volume Price Volume % Intraday High 8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38% 8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87% 8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53% 8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81% 8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75% 7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04% As I said, there are too few stocks here to draw any conclusions from, but the results are anecdotally interesting. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Saturday, August 24, 2002 5:43 AM I think CAN SLIM is working great. If we are following the rules then we have very limited exposure to the M right now. Sure we have seen some confirmation days but are we seeing good numbers of leading industries/companies breaking out of sound bases? Not for my tastes. Sitting in cash because the rules say so is a positive position, IMO. As we say in science; if you have a measurement of zero, that is as good as any other non-zero measurement, it is still what was observed in the sample. Not having any exposure to a M because some of the CAN SLIM rules keep you out is not to say the method isn't working. Just my $0.02. Norm ----- Original Message ----- Sent: Saturday, August 24, 2002 4:55 AM > The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 > stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM > will not be successful as advertised. It's been awhile since CANSLIM has > dusted itself off and worked. This market action could go on for a year or > more. When CANSLIM does get it's chance it will shine. I still say it's a > simple concept to practice. If you put it under a microscope it can get > blurred. > > DanF > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 23, 2002 11:07 PM > Subject: Re: [CANSLIM] Breakout Blues > > > > I disagree. Over the many years I have been using CANSLIM, and the past > six > > participating in this "niche" investing group, I have seen too many people > > that "thought" they knew CANSLIM and how to apply it. In some cases, they > > had not even read HTMMIS once, much less studied it. If I multiply the > > membership of this group by some unknown factor to represent the > population > > of investors that got a free two week subscription to IBD and now "think" > > they have the hang of CANSLIM, but never were a member here, then I think > > there are likely millions of potential investors that will lose money on > the > > basis of their perception of CANSLIM, and thereby condemn the system > rather > > than their lack of knowledge or effort to learn. > > > > ----- Original Message ----- > > From: "David Thompson" > > To: > > Sent: Friday, August 23, 2002 1:13 PM > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > Tom and Robert > > > > One of the concerns that I've had is that one of the principles of > > investing is that once a very large group of people start following a > > certain investment style it generally stops working. It seems that WON > > has kept the C&H style of selecting stocks "fresh" by more and more > > carefully defining what's likely to work and likely to not. However, I > > suspect that significant growth in IBD (and they say it's growing > > quickly, they're certainly giving away a lot of copies) will eventually > > make it more worthwhile to trade against or outside the CANSLIM model. > > > > David Thompson > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_004A_01C24B50.EF3FD500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thought I'd just chip = in with some=20 anecdotal evidence of breakouts from CwH formations that I've = identified=20 since the July 24 low and how they've fared through market close = yesterday. A=20 breakout is a stock that closed above its pivot on the breakout date = with at=20 least 150% ADV.
 
The evidence shows = that breakouts=20 are mostly either failing or not sustaining their gains in a significant = way.=20 The number of stocks in the sample is too small to draw any scientific=20 conclusions from, but are interesting nevertheless.
 
The first table is of = breakouts from=20 a CwH formation with a minimum 5 day handle and within 15% of their left = cup=20 high. As of yesterday all but one of them was still above the pivot, but = only=20 just, and were substantially down from their high water = mark.
 
Breakout Symbol CANSLIM=20 Score Brk=20 Out B'out = Day B'out = Day Last Last Change Change *Gain = at
Date Price Close Volume Price Volume % Intraday=20 High
8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11%
8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29%
8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29%
8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12%
8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90%
 
The second table is of = breakouts=20 from a minimum two day handle and within 22% of the left cup high. In = this group=20 only two are above water, which appears to confirm that breakouts from = short=20 handles are more suspect. Interestingly, INTL had a 5 day handle when it = broke=20 out. However, the potential gain from this group was greater for the = swing=20 trader. Greater risk, but greater potential return?
 
Breakout Symbol CANSLIM=20 Score Brk=20 Out B'out = Day B'out = Day Last Last Change Change *Gain = at
Date Price Close Volume Price Volume % Intraday=20 High
8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38%
8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87%
8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53%
8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81%
8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75%
7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04%
 
As I said, there are = too few stocks=20 here to draw any conclusions from, but the results are anecdotally=20 interesting.

Aloha,

Mike = Gibbons
Proactive=20 Technologies, LLC
http://www.proactech.com


-----Origina= l=20 Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lis= ts.xmission.com]On=20 Behalf Of Norman
Sent: Saturday, August 24, 2002 5:43 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Breakout = Blues


I=20 think CAN SLIM is working great.  If we are following the rules = then=20 we
have very limited exposure to the M right now.  Sure we have = seen=20 some
confirmation days but are we seeing good numbers of=20 leading
industries/companies breaking out of sound bases?  Not = for my=20 tastes.
Sitting in cash because the rules say so is a positive = position,=20 IMO.  As we
say in science; if you have a measurement of zero, = that is=20 as good as any
other non-zero measurement, it is still what was = observed in=20 the sample.
Not having any exposure to a M because some of the CAN = SLIM rules=20 keep you
out is not to say the method isn't working.

Just my=20 $0.02.

Norm

----- Original Message -----
From: "Dan = Forant"=20 <dforant1@nycap.rr.com>
To: = <canslim@lists.xmission.com>
Sent:=20 Saturday, August 24, 2002 4:55 AM
Subject: Re: [CANSLIM] Breakout=20 Blues


> The market itself makes or brakes CANSLIM. Look at = yesterdays fall, only 2
> stocks out of the Nasdaq 100 moved up. = In a bear=20 or choppy market CANSLIM
> will not be successful as advertised. = It's been=20 awhile since CANSLIM has
> dusted itself off and worked. This = market=20 action could go on for a year or
> more. When CANSLIM does get = it's chance=20 it will shine. I still say it's a
> simple concept to practice. If = you put=20 it under a microscope it can get
> blurred.
>
>=20 DanF
>
>
> ----- Original Message -----
> From: = "Tom=20 Worley" <stkguru@bellsouth.net>
> To:=20 <canslim@lists.xmission.com>
> Sent: Friday, August 23, 2002 = 11:07=20 PM
> Subject: Re: [CANSLIM] Breakout Blues
>
>
> = > I=20 disagree. Over the many years I have been using CANSLIM, and the = past
>=20 six
> > participating in this "niche" investing group, I have = seen too=20 many
people
> > that "thought" they knew CANSLIM and how to = apply=20 it. In some cases,
they
> > had not even read HTMMIS once, = much less=20 studied it. If I multiply the
> > membership of this group by = some=20 unknown factor to represent the
> population
> > of = investors=20 that got a free two week subscription to IBD and now
"think"
> = >=20 they have the hang of CANSLIM, but never were a member here, then=20 I
think
> > there are likely millions of potential investors = that=20 will lose money on
> the
> > basis of their perception of = CANSLIM, and thereby condemn the system
> rather
> > than = their=20 lack of knowledge or effort to learn.
> >
> > ----- = Original=20 Message -----
> > From: "David Thompson" = <david@epud.net>
>=20 > To: <canslim@lists.xmission.com>
> > Sent: Friday, = August=20 23, 2002 1:13 PM
> > Subject: Re: [CANSLIM] Breakout = Blues
>=20 >
> >
> > Tom and Robert
> >
> > = One of=20 the concerns that I've had is that one of the principles of
> > = investing is that once a very large group of people start following = a
>=20 > certain investment style it generally stops working. It seems that=20 WON
> > has kept the C&H style of selecting stocks "fresh" = by more=20 and more
> > carefully defining what's likely to work and = likely to=20 not. However, I
> > suspect that significant growth in IBD (and = they=20 say it's growing
> > quickly, they're certainly giving away a = lot of=20 copies) will eventually
> > make it more worthwhile to trade = against or=20 outside the CANSLIM model.
> >
> > David = Thompson
>=20 >
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In = the email=20 body, write "subscribe canslim" or
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------=_NextPart_000_004A_01C24B50.EF3FD500-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Introduction Date: 24 Aug 2002 16:36:55 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_014C_01C24B8C.75010160 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Robert, and a more than adequate intro.=20 ----- Original Message -----=20 Sent: Saturday, August 24, 2002 3:27 PM Greetings All,=20 In reading another post this morning I found that it was considered good = manners here to give a formal introduction of yourself. I had seen many = do it over the months but didn't realize it was expected. My apologies = for the faux pas.=20 I am a Realtor in Redding, CA who has been following the Market since = February of 1999. Our office started an Investment Club at that time and = I volunteered to help run it. I knew absolutely nothing about the Market = when we started but I had a keen interest in learning about it. I have = devoured everything I could about stocks ever since and have shared my = education with our Club. We get together monthly and discuss the various = concepts learned so as to adapt the more promising thoughts along the = way. I have exposed myself to the NAIC method, which our Club used for a = time; the Motley Fool methods; VectorVest, which we're very happy with; = and now CANSLIM; with various smaller technical trading forays along the = way. All and all we use VectorVest for our mining, timing, and portfolio = management and are currently incorporating CANSLIM into our method.=20 I was invited to this CANSLIM Group several months back, at the end of = 2001 I believe, but have mostly lurked while I learned what I could = about CANSLIM. I have long since gone through the Learning Center at IBD = and have recently read and reread HTMMIS and the 24 Questions books. One = thing that I found comforting is that many of the rules our Club = developed along the way are exactly the things WON espouses too. More = importantly, however, are the things we didn't think of. Prime among = these is the questionable nature of using PEs to judge a stock's = attractiveness. In reality we had gravitated towards the Motley Fool = model, which valued stocks more on a PEG basis. After exposing ourselves = to CANSLIM, however, we all agree that this is a model we prefer to = adapt.=20 I hope that serves as an adequate introduction. I'll only add that I = think this is as good a group as I've seen to discuss stocks with and I = really appreciate the civility here.=20 Best Regards,=20 Robert W. Elmer=20 ------=_NextPart_000_014C_01C24B8C.75010160 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Robert, and a more than adequate intro.=20
 
----- Original Message -----=20
From: RWElmer@aol.com
Sent: Saturday, August 24, 2002 3:27 PM
Subject: [CANSLIM] Introduction

Greetings = All,

In=20 reading another post this morning I found that it was considered good = manners=20 here to give a formal introduction of yourself. I had seen many do it = over the=20 months but didn't realize it was expected. My apologies for the faux = pas.=20

I am a Realtor in Redding, CA who has been following the Market = since=20 February of 1999. Our office started an Investment Club at that time and = I=20 volunteered to help run it. I knew absolutely nothing about the Market = when we=20 started but I had a keen interest in learning about it. I have devoured=20 everything I could about stocks ever since and have shared my education = with our=20 Club. We get together monthly and discuss the various concepts learned = so as to=20 adapt the more promising thoughts along the way. I have exposed myself = to the=20 NAIC method, which our Club used for a time; the Motley Fool methods;=20 VectorVest, which we're very happy with; and now CANSLIM; with various = smaller=20 technical trading forays along the way. All and all we use VectorVest = for our=20 mining, timing, and portfolio management and are currently incorporating = CANSLIM=20 into our method.

I was invited to this CANSLIM Group several = months=20 back, at the end of 2001 I believe, but have mostly lurked while I = learned what=20 I could about CANSLIM. I have long since gone through the Learning = Center at IBD=20 and have recently read and reread HTMMIS and the 24 Questions books. One = thing=20 that I found comforting is that many of the rules our Club developed = along the=20 way are exactly the things WON espouses too. More importantly, however, = are the=20 things we didn't think of. Prime among these is the questionable nature = of using=20 PEs to judge a stock's attractiveness. In reality we had gravitated = towards the=20 Motley Fool model, which valued stocks more on a PEG basis. After = exposing=20 ourselves to CANSLIM, however, we all agree that this is a model we = prefer to=20 adapt.

I hope that serves as an adequate introduction. I'll only = add=20 that I think this is as good a group as I've seen to discuss stocks with = and I=20 really appreciate the civility here.

Best Regards, =

Robert W.=20 Elmer
------=_NextPart_000_014C_01C24B8C.75010160-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Breakout Blues Date: 24 Aug 2002 16:52:24 EDT --part1_76.214e9977.2a994c08_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: Many thanks for the breakout report and analysis. Over this past week as I watched these c/h appear to fail, it occurred to me that all of the cups were the result of the late July selloff. My question to the group. Are these real c/h's or are these stocks simply returning to the level that they would have been at had no selloff occurred? I guess we will know in another week or so. Charley --part1_76.214e9977.2a994c08_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: Many thanks for the breakout report and analysis.
Over this past week as I watched these c/h appear to fail, it occurred to me that all of the cups were the result of the late July selloff. My question to the group. Are these real c/h's or are these stocks simply returning to the level that they would have been at had no selloff occurred?

I guess we will know in another week or so.

Charley --part1_76.214e9977.2a994c08_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview Date: 24 Aug 2002 17:16:04 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0173_01C24B91.ED2521D0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0174_01C24B91.ED2521D0" ------=_NextPart_001_0174_01C24B91.ED2521D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ECONOMICS Leading indicators fell 0.4% in July after falling 0.2% in June, biggest = drop since Sept 2001. Expectations were for a drop of 0.5%. Biggest = factor was the decline in the stock markets, without that, the drop was = only 0.1%. U.S. Trade Gap fell to $37.1 billion in June from $37.85 billion in May, = ending a two month streak of record deficits. Expectations were for a = drop to 37.5. It was still the third largest ever deficit, and means Q2 = contains two records, plus the 3rd biggest. Increases in imports = continue to be the dominant factor, indicating strong consumer spending = in this country. Exports jumped to $82 billion from 80, indicating = stronger demand for US goods, largely due the weaker US dollar. The = strength of imports throughout the 2nd Quarter could cause a greater = downward revision (from 1.1%) in next week's first revision report. ------- "M" I have not spent much time this weekend yet reviewing the overall = market, but from the observations I was able to make during the week, I = believe every significant index has now produced higher highs to go = along with higher lows. FOR THE MOMENT, a bottom was put in place on = 7/24/02. Some of the indexes are now back above the 9/11 lows, some have = moved above the neckline of the h&s pattern, most are now over at least = the 20 dma, if not the 50 dma. But even if 7/24 proves to be the = ultimate bottom, and only time (months, if not years) will confirm this, = we remain with tremendous overhead resistance that will likely take = months (if not years) to crack. If we have begun a sustainable new bull = market, and I am not saying we have, then we will enter it with a new = and more mature, and experienced, group of investors than we did with = the last one. This time, they have seen what can happen with a bear = market, you actually can LOSE money. Meanwhile, both NYSE and NASDAQ are = overbought. ------- WORLEY'S WATCHLIST WANNABES=20 This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, = as the name implies, only intended to identify some stocks with = constructive chart patterns that may be worth WATCHING and learning from = (and of course doing your own due diligence). I am employed in = Operations by a US Broker Dealer, however everything presented by me is = strictly my own ideas and in no way should be taken to reflect the views = or opinions of my employer. I typically list stocks with both RS and EPS ranking of 80 or better, = and try to exclude stocks undergoing any merger / acquisition / buyout = scenario. I no longer will actively consider earnings forecast for this = year and next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see, such as c&h, double (or triple) bottoms, or flat bases (shown as = Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left = Upper Right) even though it is not exactly a CANSLIM pattern. The population of stocks I am reviewing this weekend is growing, but not = rapidly. Stocks hitting new highs are increasing in numbers, as are = stocks trading over their 50 dma. AF - c&h AGII - weak double bottom AMSG - high handle (failing?) ANDE - B4+ BLUD - LLUR, at high end of range BRKL - c&h, capitulation day at the right place, vol weak on right side, = but declining in handle CVH - b/o from the handle may be failing, however closed in the upper = half of the range on Friday on above average volume, on a 2% down day in = the markets DCOM - double bottom DF - too steep to be a cup, funnel maybe? EPIQ - c&h, owned, in VR Fund EWBC - double bottom FCN - B4 FESX - another funnel FOSL - putting in a base on top of a double bottom GGC - decent triple bottom HARB - B3 HET - saucer HRB - high handle IBKC - B3 ISLE - b/o from the double bottom holding on above ADV PORT - B4 SBMC - double bottom TTWO - nice c&h, altho deep Happy hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley ------=_NextPart_001_0174_01C24B91.ED2521D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
ECONOMICS
Leading indicators fell 0.4% in July after = falling 0.2% in=20 June, biggest drop since Sept 2001. Expectations were for a drop of = 0.5%.=20 Biggest factor was the decline in the stock markets, without that, the = drop was=20 only 0.1%.
 
U.S. Trade Gap fell to $37.1 billion in June = from $37.85=20 billion in May, ending a two month streak of record deficits. = Expectations were=20 for a drop to 37.5. It was still the third largest ever deficit, and = means Q2=20 contains two records, plus the 3rd biggest. Increases in imports = continue to be=20 the dominant factor, indicating strong consumer spending in this = country.=20 Exports jumped to $82 billion from 80, indicating stronger demand for US = goods,=20 largely due the weaker US dollar. The strength of imports throughout the = 2nd=20 Quarter could cause a greater downward revision (from 1.1%) in next = week's first=20 revision report.
"M"
I have not spent much time this weekend yet = reviewing the=20 overall market, but from the observations I was able to make during the = week, I=20 believe every significant index has now produced higher highs to go = along with=20 higher lows. FOR THE MOMENT, a bottom was put in place on 7/24/02. Some = of the=20 indexes are now back above the 9/11 lows, some have moved above the = neckline of=20 the h&s pattern, most are now over at least the 20 dma, if not the = 50 dma.=20 But even if 7/24 proves to be the ultimate bottom, and only time = (months, if not=20 years) will confirm this, we remain with tremendous overhead resistance = that=20 will likely take months (if not years) to crack. If we have begun a = sustainable=20 new bull market, and I am not saying we have, then we will enter it with = a new=20 and more mature, and experienced, group of investors than we did with = the last=20 one. This time, they have seen what can happen with a bear market, you = actually=20 can LOSE money. Meanwhile, both NYSE and NASDAQ are overbought.
WORLEY'S WATCHLIST WANNABES=20
This list is in no way intended to recommend any = stocks to=20 the group. It is a part of my regular assessment of the health of = CANSLIM's "M"=20 and, as the name implies, only intended to identify some stocks with=20 constructive chart patterns that may be worth WATCHING and learning from (and of = course doing=20 your own due diligence). I am employed = in=20 Operations by a US Broker Dealer, however everything presented by me is = strictly=20 my own ideas and in no way should be taken to reflect the views or = opinions of=20 my employer.
 
I typically list stocks with both RS and EPS = ranking of 80=20 or better, and try to exclude stocks undergoing any merger / acquisition = /=20 buyout scenario. I no longer will actively = consider earnings=20 forecast for this year and next due the confusing data presented by DGO. = I do no=20 other due diligence, that is your responsibility. I will note any = CANSLIM=20 patterns I see, such as c&h, double (or triple) bottoms, or flat = bases=20 (shown as Bx where "x" is the # of weeks, IMO). I will also note LLUR = (Lower=20 Left Upper Right) even though it is not exactly a CANSLIM = pattern.
 
The population of stocks I am reviewing this = weekend is=20 growing, but not rapidly. Stocks hitting new highs are increasing in = numbers, as=20 are stocks trading over their 50 dma.
 
AF - c&h
AGII - weak double bottom
AMSG - high handle (failing?)
ANDE - B4+
BLUD - LLUR, at high end of range
BRKL - c&h, capitulation day at the right = place, vol=20 weak on right side, but declining in handle
CVH - b/o from the handle may be failing, = however closed=20 in the upper half of the range on Friday on above average volume, on a = 2% down=20 day in the markets
DCOM - double bottom
DF - too steep to be a cup, funnel = maybe?
EPIQ - c&h, owned, in VR Fund
EWBC - double bottom
FCN - B4
FESX - another funnel
FOSL - putting in a base on top of a double=20 bottom
GGC - decent triple bottom
HARB - B3
HET - saucer
HRB - high handle
IBKC - B3
ISLE - b/o from the double bottom holding on = above=20 ADV
PORT - B4
SBMC - double bottom
TTWO - nice c&h, altho deep
 
Happy hunting,
 
3D""
 
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CACI (CAI) Date: 24 Aug 2002 18:23:53 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_01E3_01C24B9B.66F39A10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable so far, looks like "b" is the right choice, with volume declining. But I = am still rooting for "e" ----- Original Message -----=20 Sent: Tuesday, August 20, 2002 7:20 PM I have been watching this technology systems company form a near perfect = double bottom. On April 17th it hit a high of $40.63 and then dropped to = a low of $27.43 on May 2nd, climbed back to $38.54 on June 28th and then = returned to a new low of $27.45 on August 5th. Yesterday it jumped up to = $38.20 on volume equal to 148% of average, and seemed ready to blast out = today. Instead, it dropped $1.20 on below average volume.=20 What is the most logical next move?=20 a). It is gathering steam for a sharp upward move.=20 b). It will now form a handle.=20 c). The chain is broken and it will move to a new low, or will begin to = move sideways.=20 d). None of the above.=20 e). Put on a straw hat, pick up a cane, and sing, "Yes sir, she's my = baby."=20 Charley=20 ------=_NextPart_000_01E3_01C24B9B.66F39A10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
so far, looks like "b" is the right choice, with = volume=20 declining. But I am still rooting for "e"
 
----- Original Message -----=20
From: Chazmoore@aol.com=20
Sent: Tuesday, August 20, 2002 7:20 PM
Subject: [CANSLIM] CACI (CAI)

I have been = watching this=20 technology systems company form a near perfect double bottom. On April = 17th it=20 hit a high of $40.63 and then dropped to a low of $27.43 on May 2nd, = climbed=20 back to $38.54 on June 28th and then returned to a new low of $27.45 on = August=20 5th. Yesterday it jumped up to $38.20 on volume equal to 148% of = average, and=20 seemed ready to blast out today. Instead, it dropped $1.20 on below = average=20 volume.
What is the most logical next move?
a). It is gathering = steam=20 for a sharp upward move.
b). It will now form a handle.
c). The = chain is=20 broken and it will move to a new low, or will begin to move sideways. =
d).=20 None of the above.
e). Put on a straw hat, pick up a cane, and sing, = "Yes=20 sir, she's my baby."

Charley ------=_NextPart_000_01E3_01C24B9B.66F39A10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 24 Aug 2002 19:35:48 -0500 I am surprised by the extend the selections change. Below are the selections since June 29; those marked with an "*" were dropped the following week - the vast majority in every week's list. Tom explains, "I still only look at each chart for about 20-30 seconds. My comments are my impression, strictly an opinion and worth every penny paid for it." We, who do DD on Tom's selections, can save a lot of time if we check only those selections of the previous week that were not dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ MMSI* ELK* PGC SCHN* FSTW* FCBP* EWBC MOVI* FNLY SCHN UCFC* PORT* FCN FCN MTH* INTU THO* VIBC* SBMC FNBP* FESX OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL SYPR* JJSF* ZAP* INVN* GGC WSH* KBH* NWRE* HARB LABS* PORT* HET LEN* QCBC* HRB LTD* QSII* IBKC MDC* SBMC ISLE MEDW* SFNT* PORT SSNC* SSNC* SBMC TRBS* TTWO TRYF* WFMI* - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Pipdip21@aol.com Subject: [CANSLIM] How to Make Money in Stocks Edition 3? Date: 24 Aug 2002 20:25:12 EDT --part1_57.107e5822.2a997de8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi, I am an owner of the 2nd edition of the book. I see the newer version is from May 2002, 7 years after the 2nd edition. For those of you who have seen the newer edition, is it worth the upgrade? Thanks Derek --part1_57.107e5822.2a997de8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi,

I am an owner of  the 2nd edition of the book.  I see the newer version is from May 2002, 7 years after the 2nd edition.  For those of you who have seen the newer edition, is it worth the upgrade?

Thanks

Derek --part1_57.107e5822.2a997de8_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] CANSLIM Hunting List 08/23/02 Date: 24 Aug 2002 19:36:12 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0046_01C24BA5.810C4FF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi All, I've uploaded an updated CANSLIM hunting list to: http://WallStreet-LLC.com/canslim/CANSLIMHunting082302.xls ( a bit slow = to load) or http://WallStreet-LLC.com/canslim/CANSLIMHunting082302.zip ( a zipped = version which you can download, somewhat faster) In order to make it to the list, the stock had to have a forward growth = rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at least 60, no more than 15% below the 50 day SMA, and at or above the = 200 day SMA. This is what I consider to be "bare bones" requirements for = CANSLIM quality stocks. Since the version of the hunting list I uploaded last month on 7/22, the = list has expanded substantially. Last month, just prior to the current = market low, there were only 210 stocks meeting these same criteria. This = month the list has expanded to 459 names. I see that as an indication = that the market for CANSLIM stocks is getting healthier. This, plus = other evidence, leads me to believe that the market status for = CANSLIMers is "OK-but proceed with caution." While many breakouts have = pulled back, most have done so in an orderly fashion. I'd like to see = more breakouts day to day and more breakouts that do not pull back = before I would consider this an "all systems go" Market. In the = meantime, following all the buy and sell rules will keep us out of = trouble on long positions. Of the list of 459 stocks this month, 152 are repeats, 307 are new = names. 58 names dropped from last month's list. You can see which names = were dropped or added by taking a look at this month's spreadsheet. = Other information included is industry name (slightly different than = DGO's names, but close enough!), price, avg vol, and links to graphs = and due diligence sites on the internet. If you'd like to look at last = month's hunting list, you will find it at: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls Happy Hunting! Katherine PS These files are created with the PC version of Excel 2000. Occasionally I will not have data for a stock and it will slip onto the = list even though the minimum technicals will not actually be met. Prices current as of market close 8/23/02. ------=_NextPart_000_0046_01C24BA5.810C4FF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi All,
 
I've uploaded an updated CANSLIM hunting list to:
 
ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.xls (=20 a bit slow to load)  or
ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.zip=20 ( a zipped version which you can download, somewhat faster)
 
In order to make it to the list, the stock had to have a forward = growth=20 rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at least=20 60, no more than 15% below the 50 day SMA, and at or above the 200 day = SMA. This=20 is what I consider to be "bare bones" requirements for CANSLIM quality=20 stocks.
 
Since the version of the hunting list I uploaded last month on = 7/22, the=20 list has expanded substantially. Last month, just prior to the current = market=20 low, there were only 210 stocks meeting these same criteria. This month = the list=20 has expanded to 459 names. I see that as an indication that the market = for=20 CANSLIM stocks is getting healthier. This, plus other evidence, leads me = to=20 believe that the market status for CANSLIMers is "OK-but proceed with = caution."=20 While many breakouts have pulled back, most have done so in an orderly = fashion.=20 I'd like to see more breakouts day to day and more breakouts that do not = pull=20 back before I would consider this an "all systems go" Market. In the = meantime,=20 following all the buy and sell rules will keep us out of = trouble on=20 long positions.
 
Of the list of 459 stocks this month, 152 are repeats, 307 are new = names.=20 58 names dropped from last month's list. You can see which = names were=20 dropped or added by taking a look at this month's spreadsheet. Other = information=20 included is industry name (slightly different than DGO's names, but = close=20 enough!), price, avg vol, and  links to graphs and due diligence = sites on=20 the internet. If you'd like to look at last month's hunting list, you = will find=20 it at:
 
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls
 
Happy Hunting!
Katherine
 
PS
These files are created with the PC version of Excel 2000.
Occasionally I will not have data for a stock and it will slip onto = the=20 list even though the minimum technicals will not actually be met.
Prices current as of market close 8/23/02.
------=_NextPart_000_0046_01C24BA5.810C4FF0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 24 Aug 2002 20:28:38 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01CF_01C24BAC.D40E72D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Herman, I don't know what you're trying to say here. Thanks in advance, Gene ----- Original Message -----=20 From: Hermann Ertl=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 24, 2002 7:35 PM Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving I am surprised by the extend the selections change. Below are the selections since June 29; those marked with an "*" were dropped the following week - the vast majority in every week's list. Tom explains, "I still only look at each chart for about 20-30 seconds. My comments are my impression, strictly an opinion and worth every penny paid for it." We, who do DD on Tom's selections, can save a lot of time if we check only those selections of the previous week that were not dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ MMSI* ELK* PGC SCHN* FSTW* FCBP* EWBC MOVI* FNLY SCHN UCFC* PORT* FCN FCN MTH* INTU THO* VIBC* SBMC FNBP* FESX OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL SYPR* JJSF* ZAP* INVN* GGC WSH* KBH* NWRE* HARB LABS* PORT* HET LEN* QCBC* HRB LTD* QSII* IBKC MDC* SBMC ISLE MEDW* SFNT* PORT SSNC* SSNC* SBMC TRBS* TTWO TRYF* WFMI* - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_01CF_01C24BAC.D40E72D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Herman, I don't know what you're = trying to say=20 here.
 
Thanks in advance,
Gene
----- Original Message -----
From:=20 Hermann=20 Ertl
Sent: Saturday, August 24, 2002 = 7:35=20 PM
Subject: [CANSLIM] WORLEY'S = WATCHLIST=20 WANNABES, timesaving


I am surprised by the extend the selections change. = Below=20 are
the selections since June 29; those marked with an "*" = were
dropped=20 the following week - the vast majority in every week's
list. Tom = explains,=20 "I still only look at each chart for about
20-30 seconds. My = comments are=20 my impression, strictly an
opinion and worth every penny paid for=20 it."

We, who do DD on Tom's selections, can save a lot of time = if=20 we
check only those selections of the previous week that were=20 not
dropped, in the latest case AF, BLUD, BRKL, FCN, nad=20 SBMC.

29Jun  6Jul  13Jul  20Jul  = 27Jul =20 3Aug   10Aug  17Aug  24Aug
ACMR*  = ALV* =20 ACMR*  BL*    BLUD   ALAB* =20 FCN    AF     = AF
AMZ   =20 AMZ*  APOL*  BLUD   CHCO*  ANDE* =20 FNBP   ANDE*  AGII
APOL   APOL =20 ASL*   CHCO   CTSH   APOL*  = HBEK* =20 APOL*  AMSG
APSG   APSG* FESX*  = CTSH  =20 FCBP*  AROW*  HRB*   BLUD   = ANDE
CECO* =20 BY*   FNLY*  DOCC*  HBEK*  BLUD*  = NYCB* =20 BRKL   BLUD
DLTR*  CHBS* IBKC* =20 EPIQ*         CTSH*  = OSTE* =20 CSG*   BRKL
EPIQ*  COCO* INTU* =20 FCN*          DCOM*  = QSII   CSTR*  CVH
FNLY   CPS*  = ITLA* =20 HBEK          DOCC*  = SBMC*  DCOM   DCOM
FSTW*  CTSH* LBAI* =20 PGC*          DORL*  = SFNT   DOCC*  DF
HRH*   DOCC* OZRK* =20 RLI*         =20 FCN    TRBS   DORL*  EPIQ
MMSI*  = ELK*  PGC   =20 SCHN*        =20 FSTW*         FCBP* =20 EWBC
MOVI*  FNLY  SCHN  =20 UCFC*        =20 PORT*         = FCN   =20 FCN
MTH*   INTU  THO*  =20 VIBC*        =20 SBMC          FNBP*  = FESX
OVRL*  JILL* VIBC  =20 WHI*         =20 SSNC*         HBHC* =20 FOSL
SYPR*  JJSF*       =20 = ZAP*           &nb= sp;           =20 INVN*  GGC
WSH*  =20 = KBH*           &nb= sp;           &nbs= p;            = ;=20 NWRE*  HARB
      =20 = LABS*           &n= bsp;           &nb= sp;           =20 PORT*  HET
      =20 = LEN*           &nb= sp;           &nbs= p;            = ;=20 QCBC*  HRB
      =20 = LTD*           &nb= sp;           &nbs= p;            = ;=20 QSII*  IBKC
      =20 = MDC*           &nb= sp;           &nbs= p;            = ;=20 SBMC   ISLE
      =20 = MEDW*           &n= bsp;           &nb= sp;           =20 SFNT*  PORT
      =20 = SSNC*           &n= bsp;           &nb= sp;           =20 SSNC* =20 = SBMC
           = ;            =             &= nbsp;           =20 TRBS* =20 = TTWO
           = ;            =             &= nbsp;           =20 = TRYF*
          &nbs= p;            = ;            =              = WFMI*



-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_01CF_01C24BAC.D40E72D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Roger Tawa Subject: [CANSLIM] price objective Date: 24 Aug 2002 21:40:23 -0400 hi all, on page 22 of HTMMISv3, the book explains how to use the p/e ratio to calculate a price objective for a stock. in the example given, a stock with a p/e of 40 is used, this is multiplied by 130%, and the final result is 92. however, 40x1.30 is closer to 52 than 92. is this a typo in the book, or is WON saying that we need to add the original p/e to the calculated p/e? does anyone use this calculation as part of their sell rules? thanks. derek: i have not read HTMMISv2 so i can't compare it to v3, sorry. Roger Tawa [One thing about paradigms: shift happens.] Roger Tawa [One thing about paradigms: shift happens.] ________________________________________________ Get your own "800" number Voicemail, fax, email, and a lot more http://www.ureach.com/reg/tag - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] price objective Date: 24 Aug 2002 20:54:45 -0500 Hi Roger, The example given is for PE to expand not *to* 130% of its existing PE, but an *additional* 130%-- So, if at the break out the PE is 40, then you would expect it to expand to 40 + 130% of 40. 40 + 1.3 (40) = 40 * 2.3 = 92. Until you pointed out this passage, however, I hadn't noticed a subtle change in the text. In the old edition, the PE expansion was 125%! Katherine PS...yes, I use this as a sell "warning" or "yellow flag." ----- Original Message ----- Sent: Saturday, August 24, 2002 8:40 PM | hi all, | | on page 22 of HTMMISv3, the book explains how to use the p/e ratio to calculate | a price objective for a stock. in the example given, a stock with a p/e of 40 | is used, this is multiplied by 130%, and the final result is 92. | | however, 40x1.30 is closer to 52 than 92. is this a typo in the book, or is | WON saying that we need to add the original p/e to the calculated p/e? | | does anyone use this calculation as part of their sell rules? | | thanks. | | derek: i have not read HTMMISv2 so i can't compare it to v3, sorry. | | Roger Tawa | [One thing about paradigms: shift happens.] | | | Roger Tawa | [One thing about paradigms: shift happens.] | | | ________________________________________________ | Get your own "800" number | Voicemail, fax, email, and a lot more | http://www.ureach.com/reg/tag | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 24 Aug 2002 21:32:17 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0091_01C24BB5.B8A91E10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Here is today's "Ask Bill" column. Sound familiar? Question: Can you please define "swing trader"?=20 =20 - Submitted from Texarkana, Texas=20 =20 Answer: A swing trader is one who trades short-term "swings" in the = market, stocks, options, etc. that last anywhere from a few days to just = a few weeks.=20 I'd sure like to know why so often these questions are exactly the same = topics that appear on our email list. Why pick up on stuff like this and = make up bogus "Ask Bills" when I've still got at least 2 questions asked = of them and never answered (I'm sure there are others who've written = questions that aren't answered). For example, why the heck does the IBD calculate the ROE based on the = average of 2 years data? Huh? Since when did anybody use 2 years for = such a measurement? Here's the Ask Bill I'm referring to (highlighting is mine): Ask Bill O'Neil Archives Wednesday, August 21, 2002=20 =20 "Why is it some stocks showing accelerating earnings and sales growth = still have relatively low return on equity? Would you make an exception = to your rule of buying stocks with ROE of 17% or better?" - Submitted from Montgomery, Texas =20 One possible reason is the fact that IBD's measure of ROE (return on = equity) takes an average of the ROE over the past two fiscal years. If a = company posted weak earnings or a loss in the previous year, that would = dilute its ROE. Also keep in mind that ROE measures total operating = earnings divided by shareholders' equity. So even when the = year-over-year EPS growth is accelerating, if earnings per share are = small (say, only 4 or 8 cents), it may result in a relatively small = numerator in the ROE equation. This is why the best growth companies = with strong ROE tend to show strong growth over several years, not just = in a number of quarters. Regarding the rule of having ROE of at least = 17%, keep in mind that some of the best stocks had an ROE less than = that, including Emulex (8% before its big price run-up beginning in = December 1998), Millennium Pharmaceuticals (7%) and Qualcomm (8%). But = on average, the best stocks during the 1997-2000 period sported an = average ROE of 23%.=20 --Katherine ------=_NextPart_000_0091_01C24BB5.B8A91E10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Here is today's "Ask Bill" column. Sound familiar?
 

Question: Can you please define "swing trader"?=20

  =20

- Submitted from Texarkana, Texas=20

 

 Answer: = A swing=20 trader is one who trades short-term "swings" in the market, stocks, = options,=20 etc. that last anywhere from a few days to just a few weeks.=20

 
 
I'd sure like to know why so often these questions are exactly the = same=20 topics that appear on our email list. Why pick up on stuff like this and = make up=20 bogus "Ask Bills" when I've still got at least 2 questions asked of = them=20 and never answered (I'm sure there are others who've written questions = that=20 aren't answered).
 
For example, why the heck does the IBD calculate the ROE based on = the=20 average of 2 years data? Huh? Since when did anybody use 2 years for = such a=20 measurement?
 
Here's the Ask Bill I'm referring to (highlighting is mine):
 
Ask Bill O'Neil Archives
Wednesday, August 21, 2002 =
 
"Why=20 is it some stocks showing accelerating earnings and sales growth still = have=20 relatively low return on equity? Would you make an exception to your = rule of=20 buying stocks with ROE of 17% or better?"
- Submitted from = Montgomery,=20 Texas
 
One possible reason is the fact that IBD's measure of ROE (return on equity) takes an = average of=20 the ROE over the past two fiscal years. If a company posted = weak=20 earnings or a loss in the previous year, that would dilute its ROE. Also = keep in=20 mind that ROE measures total operating earnings divided by shareholders' = equity.=20 So even when the year-over-year EPS growth is accelerating, if earnings = per=20 share are small (say, only 4 or 8 cents), it may result in a relatively = small=20 numerator in the ROE equation. This is why the best growth companies = with strong=20 ROE tend to show strong growth over several years, not just in a number = of=20 quarters. Regarding the rule of having ROE of at least 17%, keep in mind = that=20 some of the best stocks had an ROE less than that, including Emulex (8% = before=20 its big price run-up beginning in December 1998), Millennium = Pharmaceuticals=20 (7%) and Qualcomm (8%). But on average, the best stocks during the = 1997-2000=20 period sported an average ROE of 23%.
 
 
--Katherine
------=_NextPart_000_0091_01C24BB5.B8A91E10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 24 Aug 2002 22:41:45 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0276_01C24BBF.6D0276F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable maybe while we weren't looking, we became the last CANSLIMers out there. = So they have to glean from our discussions just to have someone left to = "Ask Bill". Then again, maybe they just want to tackle the soft = questions. Maybe what we should do is every member flood IBD with "Ask Bill" = questions, and see if any get published from real people we actually = know, instead of an unnamed person from Texarkana or wherever. ----- Original Message -----=20 Sent: Saturday, August 24, 2002 10:32 PM Here is today's "Ask Bill" column. Sound familiar? Question: Can you please define "swing trader"?=20 =20 - Submitted from Texarkana, Texas=20 =20 Answer: A swing trader is one who trades short-term "swings" in the = market, stocks, options, etc. that last anywhere from a few days to just = a few weeks.=20 I'd sure like to know why so often these questions are exactly the same = topics that appear on our email list. Why pick up on stuff like this and = make up bogus "Ask Bills" when I've still got at least 2 questions asked = of them and never answered (I'm sure there are others who've written = questions that aren't answered). For example, why the heck does the IBD calculate the ROE based on the = average of 2 years data? Huh? Since when did anybody use 2 years for = such a measurement? Here's the Ask Bill I'm referring to (highlighting is mine): Ask Bill O'Neil Archives Wednesday, August 21, 2002=20 =20 "Why is it some stocks showing accelerating earnings and sales growth = still have relatively low return on equity? Would you make an exception = to your rule of buying stocks with ROE of 17% or better?" - Submitted from Montgomery, Texas =20 One possible reason is the fact that IBD's measure of ROE (return on = equity) takes an average of the ROE over the past two fiscal years. If a = company posted weak earnings or a loss in the previous year, that would = dilute its ROE. Also keep in mind that ROE measures total operating = earnings divided by shareholders' equity. So even when the = year-over-year EPS growth is accelerating, if earnings per share are = small (say, only 4 or 8 cents), it may result in a relatively small = numerator in the ROE equation. This is why the best growth companies = with strong ROE tend to show strong growth over several years, not just = in a number of quarters. Regarding the rule of having ROE of at least = 17%, keep in mind that some of the best stocks had an ROE less than = that, including Emulex (8% before its big price run-up beginning in = December 1998), Millennium Pharmaceuticals (7%) and Qualcomm (8%). But = on average, the best stocks during the 1997-2000 period sported an = average ROE of 23%.=20 --Katherine ------=_NextPart_000_0276_01C24BBF.6D0276F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
maybe while we weren't looking, we became the = last=20 CANSLIMers out there. So they have to glean from our discussions just to = have=20 someone left to "Ask Bill". Then again, maybe they just want to tackle = the soft=20 questions.
 
Maybe what we should do is every member flood = IBD with=20 "Ask Bill" questions, and see if any get published from real people we = actually=20 know, instead of an unnamed person from Texarkana or = wherever.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Saturday, August 24, 2002 10:32 PM
Subject: [CANSLIM] Ask Bill--Does anybody really ask these=20 questions?

Here is today's "Ask Bill" column. Sound familiar?
 

Question: Can you please define "swing trader"?=20

  =20

- Submitted from Texarkana, Texas=20

 

 Answer: = A swing=20 trader is one who trades short-term "swings" in the market, stocks, = options,=20 etc. that last anywhere from a few days to just a few weeks.=20

 
 
I'd sure like to know why so often these questions are exactly the = same=20 topics that appear on our email list. Why pick up on stuff like this and = make up=20 bogus "Ask Bills" when I've still got at least 2 questions asked of = them=20 and never answered (I'm sure there are others who've written questions = that=20 aren't answered).
 
For example, why the heck does the IBD calculate the ROE based on = the=20 average of 2 years data? Huh? Since when did anybody use 2 years for = such a=20 measurement?
 
Here's the Ask Bill I'm referring to (highlighting is mine):
 
Ask Bill O'Neil Archives
Wednesday, August 21, 2002 =
 
"Why=20 is it some stocks showing accelerating earnings and sales growth still = have=20 relatively low return on equity? Would you make an exception to your = rule of=20 buying stocks with ROE of 17% or better?"
- Submitted from = Montgomery,=20 Texas
 
One possible reason is the fact that IBD's measure of ROE (return on equity) takes an = average of=20 the ROE over the past two fiscal years. If a company posted = weak=20 earnings or a loss in the previous year, that would dilute its ROE. Also = keep in=20 mind that ROE measures total operating earnings divided by shareholders' = equity.=20 So even when the year-over-year EPS growth is accelerating, if earnings = per=20 share are small (say, only 4 or 8 cents), it may result in a relatively = small=20 numerator in the ROE equation. This is why the best growth companies = with strong=20 ROE tend to show strong growth over several years, not just in a number = of=20 quarters. Regarding the rule of having ROE of at least 17%, keep in mind = that=20 some of the best stocks had an ROE less than that, including Emulex (8% = before=20 its big price run-up beginning in December 1998), Millennium = Pharmaceuticals=20 (7%) and Qualcomm (8%). But on average, the best stocks during the = 1997-2000=20 period sported an average ROE of 23%.
 
 
--Katherine
------=_NextPart_000_0276_01C24BBF.6D0276F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] price objective Date: 24 Aug 2002 22:43:04 EDT --part1_bc.2b479ba9.2a999e38_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Derek: I often take the current P/E and multiply it by the estimated future earnings for an estimate of the price at the end of that period of time. For example lets us the same numbers in the paragraph you referred to. P/E 40 x $1.45 = $58.00 Now the book says to allow for a 30% expansion of the P/E; so $58.00 x 130% = $75.40. You win a cigar for catching WON in an error. Charley --part1_bc.2b479ba9.2a999e38_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Derek: I often take the current P/E and multiply it by the estimated future earnings for an estimate of the price at the end of that period of time.
For example lets us the same numbers in the paragraph you referred to.
P/E 40 x $1.45 = $58.00

Now the book says to allow for a 30% expansion of the P/E; so $58.00 x 130% = $75.40.

You win a cigar for catching WON in an error.

Charley --part1_bc.2b479ba9.2a999e38_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] price objective Date: 24 Aug 2002 22:47:36 EDT --part1_1a9.7522627.2a999f48_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit After reading Katherine's reply, I guess you will have to return the cigar. However, I read the passage the same way you did. Charley --part1_1a9.7522627.2a999f48_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit After reading Katherine's reply, I guess you will have to return the cigar.
However, I read the passage the same way you did.

Charley --part1_1a9.7522627.2a999f48_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] price objective Date: 24 Aug 2002 22:00:26 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00AC_01C24BB9.A74A42D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hah! Please send *me* the cigar...my husband would appreciate it..... = ;)) Just in case it comes up as a follow-on issue....when calculating the PE = expansion, it is based on the *forward* PE at the time the stock breaks = out rather than the trailing PE. (WON uses a PE based on 2 years = earnings estimates) Katherine ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 24, 2002 9:47 PM Subject: Re: [CANSLIM] price objective After reading Katherine's reply, I guess you will have to return the = cigar.=20 However, I read the passage the same way you did.=20 Charley=20 ------=_NextPart_000_00AC_01C24BB9.A74A42D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hah! Please send *me* the cigar...my husband would appreciate = it.....=20 ;))
 
Just in case it comes up as a follow-on issue....when calculating = the PE=20 expansion, it is based on the *forward* PE at the time the stock breaks = out=20 rather than the trailing PE. (WON uses a PE based on 2 years = earnings=20 estimates)
 
Katherine
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Saturday, August 24, 2002 = 9:47=20 PM
Subject: Re: [CANSLIM] price=20 objective

After = reading=20 Katherine's reply, I guess you will have to return the cigar. =
However, I=20 read the passage the same way you did.

Charley=20 ------=_NextPart_000_00AC_01C24BB9.A74A42D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 24 Aug 2002 21:23:07 -0700 Well... this is the one I just sent "Ask Bill" "Hey Bill, why don't you or your associates speak up during our discussions at canslim@lists.xmission.com ? We'd sure like to get some input from you directly as you seem to only post OUR discussion topics in YOUR paper". One problem I could see with the very distant scenario of participating with this group is they would be FLOODED with questions as they're considered by most here to be experts in canslim. Maybe IBD will try to buy this list to offer it as a $$$ service to subscribers? (ggg) Hope we get grandfathered in...(g) -Bill ----- Original Message ----- Sent: Saturday, August 24, 2002 7:41 PM maybe while we weren't looking, we became the last CANSLIMers out there. So they have to glean from our discussions just to have someone left to "Ask Bill". Then again, maybe they just want to tackle the soft questions. Maybe what we should do is every member flood IBD with "Ask Bill" questions, and see if any get published from real people we actually know, instead of an unnamed person from Texarkana or wherever. ----- Original Message ----- Sent: Saturday, August 24, 2002 10:32 PM Here is today's "Ask Bill" column. Sound familiar? Question: Can you please define "swing trader"? - Submitted from Texarkana, Texas Answer: A swing trader is one who trades short-term "swings" in the market, stocks, options, etc. that last anywhere from a few days to just a few weeks. I'd sure like to know why so often these questions are exactly the same topics that appear on our email list. Why pick up on stuff like this and make up bogus "Ask Bills" when I've still got at least 2 questions asked of them and never answered (I'm sure there are others who've written questions that aren't answered). For example, why the heck does the IBD calculate the ROE based on the average of 2 years data? Huh? Since when did anybody use 2 years for such a measurement? Here's the Ask Bill I'm referring to (highlighting is mine): Ask Bill O'Neil Archives Wednesday, August 21, 2002 "Why is it some stocks showing accelerating earnings and sales growth still have relatively low return on equity? Would you make an exception to your rule of buying stocks with ROE of 17% or better?" - Submitted from Montgomery, Texas One possible reason is the fact that IBD's measure of ROE (return on equity) takes an average of the ROE over the past two fiscal years. If a company posted weak earnings or a loss in the previous year, that would dilute its ROE. Also keep in mind that ROE measures total operating earnings divided by shareholders' equity. So even when the year-over-year EPS growth is accelerating, if earnings per share are small (say, only 4 or 8 cents), it may result in a relatively small numerator in the ROE equation. This is why the best growth companies with strong ROE tend to show strong growth over several years, not just in a number of quarters. Regarding the rule of having ROE of at least 17%, keep in mind that some of the best stocks had an ROE less than that, including Emulex (8% before its big price run-up beginning in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm (8%). But on average, the best stocks during the 1997-2000 period sported an average ROE of 23%. --Katherine - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 25 Aug 2002 00:00:13 -0400 Bill, just don't hold your breath waiting for an answer!! ----- Original Message ----- Sent: Sunday, August 25, 2002 12:23 AM Well... this is the one I just sent "Ask Bill" "Hey Bill, why don't you or your associates speak up during our discussions at canslim@lists.xmission.com ? We'd sure like to get some input from you directly as you seem to only post OUR discussion topics in YOUR paper". One problem I could see with the very distant scenario of participating with this group is they would be FLOODED with questions as they're considered by most here to be experts in canslim. Maybe IBD will try to buy this list to offer it as a $$$ service to subscribers? (ggg) Hope we get grandfathered in...(g) -Bill ----- Original Message ----- Sent: Saturday, August 24, 2002 7:41 PM maybe while we weren't looking, we became the last CANSLIMers out there. So they have to glean from our discussions just to have someone left to "Ask Bill". Then again, maybe they just want to tackle the soft questions. Maybe what we should do is every member flood IBD with "Ask Bill" questions, and see if any get published from real people we actually know, instead of an unnamed person from Texarkana or wherever. ----- Original Message ----- Sent: Saturday, August 24, 2002 10:32 PM Here is today's "Ask Bill" column. Sound familiar? Question: Can you please define "swing trader"? - Submitted from Texarkana, Texas Answer: A swing trader is one who trades short-term "swings" in the market, stocks, options, etc. that last anywhere from a few days to just a few weeks. I'd sure like to know why so often these questions are exactly the same topics that appear on our email list. Why pick up on stuff like this and make up bogus "Ask Bills" when I've still got at least 2 questions asked of them and never answered (I'm sure there are others who've written questions that aren't answered). For example, why the heck does the IBD calculate the ROE based on the average of 2 years data? Huh? Since when did anybody use 2 years for such a measurement? Here's the Ask Bill I'm referring to (highlighting is mine): Ask Bill O'Neil Archives Wednesday, August 21, 2002 "Why is it some stocks showing accelerating earnings and sales growth still have relatively low return on equity? Would you make an exception to your rule of buying stocks with ROE of 17% or better?" - Submitted from Montgomery, Texas One possible reason is the fact that IBD's measure of ROE (return on equity) takes an average of the ROE over the past two fiscal years. If a company posted weak earnings or a loss in the previous year, that would dilute its ROE. Also keep in mind that ROE measures total operating earnings divided by shareholders' equity. So even when the year-over-year EPS growth is accelerating, if earnings per share are small (say, only 4 or 8 cents), it may result in a relatively small numerator in the ROE equation. This is why the best growth companies with strong ROE tend to show strong growth over several years, not just in a number of quarters. Regarding the rule of having ROE of at least 17%, keep in mind that some of the best stocks had an ROE less than that, including Emulex (8% before its big price run-up beginning in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm (8%). But on average, the best stocks during the 1997-2000 period sported an average ROE of 23%. --Katherine - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 24 Aug 2002 23:24:31 -0700 You people are awesome! You really are on track with what's happening with IBD, CANSLIM and the Market! Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the "Where The Big Money's Flowing Now" on Investors.com match "Where The Big Money's Flowing" from IBD. I realize that they only show the top seven up and down but there has been several occasions that I've looked at the Investors.com list and there were some symbols omitted or added that didn't show in IBD or visa-versa. So which one is right? I read that they use the same screen. You know, I'll bet ya I'll get some kind of an answer from this group! And this is why we all like this group so much. (JC) I really don't care if its a right answer, at least I feel like I'm not loosing it. ----- Original Message ----- Sent: Saturday, August 24, 2002 9:00 PM > Bill, just don't hold your breath waiting for an answer!! > > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Sunday, August 25, 2002 12:23 AM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Well... this is the one I just sent "Ask Bill" > > "Hey Bill, why don't you or your associates speak up during our discussions > at canslim@lists.xmission.com ? We'd sure like to get some input from you > directly as you seem to only post OUR discussion topics in YOUR paper". > > One problem I could see with the very distant scenario of participating with > this group is they would be FLOODED with questions as they're considered by > most here to be experts in canslim. > > Maybe IBD will try to buy this list to offer it as a $$$ service to > subscribers? (ggg) > > Hope we get grandfathered in...(g) > > -Bill > > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Saturday, August 24, 2002 7:41 PM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > maybe while we weren't looking, we became the last CANSLIMers out there. So > they have to glean from our discussions just to have someone left to "Ask > Bill". Then again, maybe they just want to tackle the soft questions. > > Maybe what we should do is every member flood IBD with "Ask Bill" questions, > and see if any get published from real people we actually know, instead of > an unnamed person from Texarkana or wherever. > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Saturday, August 24, 2002 10:32 PM > Subject: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Here is today's "Ask Bill" column. Sound familiar? > > Question: Can you please define "swing trader"? > > > > - Submitted from Texarkana, Texas > > > > > Answer: A swing trader is one who trades short-term "swings" in the market, > stocks, options, etc. that last anywhere from a few days to just a few > weeks. > > > > I'd sure like to know why so often these questions are exactly the same > topics that appear on our email list. Why pick up on stuff like this and > make up bogus "Ask Bills" when I've still got at least 2 questions asked of > them and never answered (I'm sure there are others who've written questions > that aren't answered). > > For example, why the heck does the IBD calculate the ROE based on the > average of 2 years data? Huh? Since when did anybody use 2 years for such a > measurement? > > Here's the Ask Bill I'm referring to (highlighting is mine): > > Ask Bill O'Neil Archives > Wednesday, August 21, 2002 > > "Why is it some stocks showing accelerating earnings and sales growth still > have relatively low return on equity? Would you make an exception to your > rule of buying stocks with ROE of 17% or better?" > - Submitted from Montgomery, Texas > > One possible reason is the fact that IBD's measure of ROE (return on equity) > takes an average of the ROE over the past two fiscal years. If a company > posted weak earnings or a loss in the previous year, that would dilute its > ROE. Also keep in mind that ROE measures total operating earnings divided by > shareholders' equity. So even when the year-over-year EPS growth is > accelerating, if earnings per share are small (say, only 4 or 8 cents), it > may result in a relatively small numerator in the ROE equation. This is why > the best growth companies with strong ROE tend to show strong growth over > several years, not just in a number of quarters. Regarding the rule of > having ROE of at least 17%, keep in mind that some of the best stocks had an > ROE less than that, including Emulex (8% before its big price run-up > beginning in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm > (8%). But on average, the best stocks during the 1997-2000 period sported an > average ROE of 23%. > > > --Katherine > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 25 Aug 2002 12:38:00 -0500 > Date: Sat, 24 Aug 2002 20:28:38 -0500 > From: Gene Ricci > Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > To: canslim@lists.xmission.com > Sender: owner-canslim@lists.xmission.com > > Herman, I don't know what you're trying to say here. Thanks in >advance, Gene > > ----- Original Message ----- From: Hermann Ertl To: >canslim@lists.xmission.com Sent: Saturday, August 24, 2002 7:35 PM >Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > > I am surprised by the extend the selections change. Below are > the selections since June 29; those marked with an "*" were > dropped the following week - the vast majority in every week's > list. Tom explains, "I still only look at each chart for about > 20-30 seconds. My comments are my impression, strictly an > opinion and worth every penny paid for it." > > We, who do DD on Tom's selections, can save a lot of time if we > check only those selections of the previous week that were not > dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. > > 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug > ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF > AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII > APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG > APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE > CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD > DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL > EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH > FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM > FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF > HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ > MMSI* ELK* PGC SCHN* FSTW* FCBP* EWBC > MOVI* FNLY SCHN UCFC* PORT* FCN FCN > MTH* INTU THO* VIBC* SBMC FNBP* FESX > OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL > SYPR* JJSF* ZAP* INVN* GGC > WSH* KBH* NWRE* HARB > LABS* PORT* HET > LEN* QCBC* HRB > LTD* QSII* IBKC > MDC* SBMC ISLE > MEDW* SFNT* PORT > SSNC* SSNC* SBMC > TRBS* TTWO > TRYF* > WFMI* Gene, this looks very messy - it is not in the format I sent it. I sent my message in plain text - to preserve the format of the table for everyone - but your mail application did a good job screwing it up. As you can see it inserted spaces - lots of them. Really odd. Are you asking it to do this? Why not send messages in plain text? Here is my message as received from the list: -.-.-.-.-.-.-.-.-.-.-.- Sender: owner-canslim@lists.xmission.com I am surprised by the extend the selections change. Below are the selections since June 29; those marked with an "*" were dropped the following week - the vast majority in every week's list. Tom explains, "I still only look at each chart for about 20-30 seconds. My comments are my impression, strictly an opinion and worth every penny paid for it." We, who do DD on Tom's selections, can save a lot of time if we check only those selections of the previous week that were not dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ MMSI* ELK* PGC SCHN* FSTW* FCBP* EWBC MOVI* FNLY SCHN UCFC* PORT* FCN FCN MTH* INTU THO* VIBC* SBMC FNBP* FESX OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL SYPR* JJSF* ZAP* INVN* GGC WSH* KBH* NWRE* HARB LABS* PORT* HET LEN* QCBC* HRB LTD* QSII* IBKC MDC* SBMC ISLE MEDW* SFNT* PORT SSNC* SSNC* SBMC TRBS* TTWO TRYF* WFMI* - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bert Pesak" Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 25 Aug 2002 12:51:19 -0400 Gene, I use Outlook Express for my mail. If you go to the "View" tab and click on "Text Size" then "Fixed" it will line up the columns and make more be easier to read. Bert ----- Original Message ----- Sent: Sunday, August 25, 2002 1:38 PM > > Date: Sat, 24 Aug 2002 20:28:38 -0500 > > From: Gene Ricci > > Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > > To: canslim@lists.xmission.com > > Sender: owner-canslim@lists.xmission.com > > > > Herman, I don't know what you're trying to say here. Thanks in > >advance, Gene > > > > ----- Original Message ----- From: Hermann Ertl To: > >canslim@lists.xmission.com Sent: Saturday, August 24, 2002 7:35 PM > >Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > > > > I am surprised by the extend the selections change. Below are > > the selections since June 29; those marked with an "*" were > > dropped the following week - the vast majority in every week's > > list. Tom explains, "I still only look at each chart for about > > 20-30 seconds. My comments are my impression, strictly an > > opinion and worth every penny paid for it." > > > > We, who do DD on Tom's selections, can save a lot of time if we > > check only those selections of the previous week that were not > > dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. > > > > 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug > > ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF > > AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII > > APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG > > APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE > > CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD > > DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL > > EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH > > FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM > > FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF > > HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ > > MMSI* ELK* PGC SCHN* FSTW* FCBP* EWBC > > MOVI* FNLY SCHN UCFC* PORT* FCN FCN > > MTH* INTU THO* VIBC* SBMC FNBP* FESX > > OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL > > SYPR* JJSF* ZAP* INVN* GGC > > WSH* KBH* NWRE* HARB > > LABS* PORT* HET > > LEN* QCBC* HRB > > LTD* QSII* IBKC > > MDC* SBMC ISLE > > MEDW* SFNT* PORT > > SSNC* SSNC* SBMC > > TRBS* TTWO > > TRYF* > > WFMI* > > > > > Gene, this looks very messy - it is not in the format I sent it. > > I sent my message in plain text - to preserve the format of the > table for everyone - but your mail application did a good job > screwing it up. As you can see it inserted spaces - lots of them. > Really odd. Are you asking it to do this? Why not send messages > in plain text? > > Here is my message as received from the list: > > -.-.-.-.-.-.-.-.-.-.-.- > > Date: Sat, 24 Aug 2002 19:35:48 -0500 > To: canslim@lists.xmission.com > From: Hermann Ertl > Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > Sender: owner-canslim@lists.xmission.com > > > I am surprised by the extend the selections change. Below are > the selections since June 29; those marked with an "*" were > dropped the following week - the vast majority in every week's > list. Tom explains, "I still only look at each chart for about > 20-30 seconds. My comments are my impression, strictly an > opinion and worth every penny paid for it." > > We, who do DD on Tom's selections, can save a lot of time if we > check only those selections of the previous week that were not > dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. > > 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug > ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF > AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII > APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG > APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE > CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD > DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL > EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH > FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM > FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF > HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ > MMSI* ELK* PGC SCHN* FSTW* FCBP* EWBC > MOVI* FNLY SCHN UCFC* PORT* FCN FCN > MTH* INTU THO* VIBC* SBMC FNBP* FESX > OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL > SYPR* JJSF* ZAP* INVN* GGC > WSH* KBH* NWRE* HARB > LABS* PORT* HET > LEN* QCBC* HRB > LTD* QSII* IBKC > MDC* SBMC ISLE > MEDW* SFNT* PORT > SSNC* SSNC* SBMC > TRBS* TTWO > TRYF* > WFMI* > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 25 Aug 2002 10:28:20 -0700 (PDT) Hermann Your logic is seriously flawed if you only look at stocks which appear on the list two weeks in a row. Have you considered that the stocks which doesn't make the list might broken out the week before and is over extended? In an extreme case you will miss ALL the breakouts from the list and only watch the losers. For example say stocks A, B and C are on the list this week. You wait for next week and notice B, C and D is on the list now. You do DD on B and C. But maybe A broke out the week before and you missed it because you weren't looking. The following week B might broke down and D broke out, so next week you will only look at C which is left over from this week and you missed yet again another breakout since you weren't looking at D. Why did you decide to wait for a stock to make the list two weeks in a row? You might save even more time if you wait for 3, or 4 weeks. Maybe if you run your own screens and understand how they work you wouldn't be so surprised every week by the amount they change. - Fanus > Date: Sat, 24 Aug 2002 19:35:48 -0500 > To: canslim@lists.xmission.com > From: Hermann Ertl > Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, > timesaving > Sender: owner-canslim@lists.xmission.com > > > I am surprised by the extend the selections change. > Below are > the selections since June 29; those marked with an > "*" were > dropped the following week - the vast majority in > every week's > list. Tom explains, "I still only look at each chart > for about > 20-30 seconds. My comments are my impression, > strictly an > opinion and worth every penny paid for it." > > We, who do DD on Tom's selections, can save a lot of > time if we > check only those selections of the previous week > that were not > dropped, in the latest case AF, BLUD, BRKL, FCN, nad > SBMC. > > 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug > 17Aug 24Aug > ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF > AF > AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP > ANDE* AGII > APOL APOL ASL* CHCO CTSH APOL* HBEK* > APOL* AMSG > APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD > ANDE > CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL > BLUD > DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* > BRKL > EPIQ* COCO* INTU* FCN* DCOM* QSII > CSTR* CVH > FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM > DCOM > FSTW* CTSH* LBAI* PGC* DORL* SFNT > DOCC* DF > HRH* DOCC* OZRK* RLI* FCN TRBS > DORL* EPIQ > MMSI* ELK* PGC SCHN* FSTW* > FCBP* EWBC > MOVI* FNLY SCHN UCFC* PORT* FCN > FCN > MTH* INTU THO* VIBC* SBMC > FNBP* FESX > OVRL* JILL* VIBC WHI* SSNC* > HBHC* FOSL > SYPR* JJSF* ZAP* > INVN* GGC > WSH* KBH* > NWRE* HARB > LABS* > PORT* HET > LEN* > QCBC* HRB > LTD* > QSII* IBKC > MDC* SBMC > ISLE > MEDW* > SFNT* PORT > SSNC* > SSNC* SBMC > > TRBS* TTWO > > TRYF* > > WFMI* > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 25 Aug 2002 13:28:08 -0600 As a writer myself, I can offer at least one possible answer: IBD has some lazy writers on staff, writers too lazy to go dig up their own stories. Warren Katherine Malm wrote: > Here is today's "Ask Bill" column. Sound familiar? > Question: Can you please define "swing trader"? > > - Submitted from Texarkana, Texas > > Answer: A swing trader is one who trades short-term "swings" in the > market, stocks, options, etc. that last anywhere from a few days to > just a few weeks. I'd sure like to know why so often these questions > are exactly the same topics that appear on our email list. Why pick up > on stuff like this and make up bogus "Ask Bills" when I've still got > at least 2 questions asked of them and never answered (I'm sure there > are others who've written questions that aren't answered). For > example, why the heck does the IBD calculate the ROE based on the > average of 2 years data? Huh? Since when did anybody use 2 years for > such a measurement? Here's the Ask Bill I'm referring to (highlighting > is mine): Ask Bill O'Neil Archives > Wednesday, August 21, 2002 > > "Why is it some stocks showing accelerating earnings and sales growth > still have relatively low return on equity? Would you make an > exception to your rule of buying stocks with ROE of 17% or better?" > - Submitted from Montgomery, Texas > > One possible reason is the fact that IBD's measure of ROE (return on > equity) takes an average of the ROE over the past two fiscal years. If > a company posted weak earnings or a loss in the previous year, that > would dilute its ROE. Also keep in mind that ROE measures total > operating earnings divided by shareholders' equity. So even when the > year-over-year EPS growth is accelerating, if earnings per share are > small (say, only 4 or 8 cents), it may result in a relatively small > numerator in the ROE equation. This is why the best growth companies > with strong ROE tend to show strong growth over several years, not > just in a number of quarters. Regarding the rule of having ROE of at > least 17%, keep in mind that some of the best stocks had an ROE less > than that, including Emulex (8% before its big price run-up beginning > in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm (8%). > But on average, the best stocks during the 1997-2000 period sported an > average ROE of 23%. --Katherine - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] TradingMarkets Date: 25 Aug 2002 13:51:23 -0600 Ed, I just visited the site and I can't locate a link to subscription info. Can you help? Thanks. Warren "Edward W. Gjertsen II" wrote: > To all on the list - if you are serious about investing/trading - > tradingmarkets is one of the best sites around. We have been > subscribers for quite some time and continue to find new ways to learn > from them. The education tutorials are amazing. Greg Kuhn used to be a > contributor and he has/had a complete lesson plan on C&H formations. > Very informative. There are other lesson plans from top investment > professionals that anyone on this line can benefit from. I believe > Katherine is very familiar with Mark Boucher whose own lesson plan on > Tradingmarkets.com is phenomenal. Probably one of the most succinct > tutorials available. No - I am not affiliated with TM but I am one of > their most ardent supporters. > > Ed Gjertsen II > ed@macktracks.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] TradingMarkets Date: 25 Aug 2002 14:54:28 -0500 Hi Warren, See: http://www.tradingmarkets.com/index.cfm/packages/ To see the pricing for each package, click on "continue signup" at the bottom of the page. Katherine ----- Original Message ----- Sent: Sunday, August 25, 2002 2:51 PM | Ed, I just visited the site and I can't locate a link to subscription info. | Can you help? Thanks. | | Warren | | "Edward W. Gjertsen II" wrote: | | > To all on the list - if you are serious about investing/trading - | > tradingmarkets is one of the best sites around. We have been | > subscribers for quite some time and continue to find new ways to learn | > from them. The education tutorials are amazing. Greg Kuhn used to be a | > contributor and he has/had a complete lesson plan on C&H formations. | > Very informative. There are other lesson plans from top investment | > professionals that anyone on this line can benefit from. I believe | > Katherine is very familiar with Mark Boucher whose own lesson plan on | > Tradingmarkets.com is phenomenal. Probably one of the most succinct | > tutorials available. No - I am not affiliated with TM but I am one of | > their most ardent supporters. | > | > Ed Gjertsen II | > ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Curt Corley" Subject: RE: [CANSLIM] How to Make Money in Stocks Edition 3? Date: 25 Aug 2002 14:47:04 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0001_01C24C46.48317E20 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit I am also an owner of the second edition. A friend told me that I should get the third edition because there are a few minor but very important changes in the third edition. According to my friend, one change that was introduced involves the percent increase in price to watch for as a sign of a possible change from bear market to bull market. I just ordered the third edition myself, but it hasn't come in yet. If you search for HTMMIS on amazon.com, it will automatically display the second edition of HTMMIS on the screen. Then, if you click on the button to add the item to your shopping cart, you will get: the red book. To get the blue book, you need to click on the button that reads "See All Editions." Then click on the link to display the third edition. Then click on the button to add it to your shopping cart. Sometime around last June or July, I ordered HTMMIS and got the red book instead of the blue book because of I added the default edition to my shopping cart. I don't know whether amazon.com displays the older edition by default because (a) they want to clear out the older editions which are probably more difficult to sell, or (b) amazon.com's search criteria of "HTTMIS" results in a closer match to the HTTMS (second edition) that it does to HTTMS, 3rd edition. Whatever the case may be, consider yourself forewarned. Curt -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Pipdip21@aol.com Sent: Saturday, August 24, 2002 7:25 PM Hi, I am an owner of the 2nd edition of the book. I see the newer version is from May 2002, 7 years after the 2nd edition. For those of you who have seen the newer edition, is it worth the upgrade? Thanks Derek ------=_NextPart_000_0001_01C24C46.48317E20 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

I am also an owner of the second edition.  A friend told me = that I should get the third edition because there are a few minor but very = important changes in the third edition.  = According to my friend, one change that was introduced involves the percent = increase in price to watch for as a sign of a possible change from bear market to bull = market.

 

I just ordered the third edition = myself, but it hasn’t come in yet.  = If you search for HTMMIS on amazon.com, it will automatically display the = second edition of HTMMIS on the screen.  Then, if you click on the button to add the item to your shopping = cart, you will get: the red book.  = To get the blue book, you need to click on the button that reads “See All = Editions.”  Then click on the link to = display the third edition.  Then = click on the button to add it to your shopping cart.  Sometime around last June or = July, I ordered HTMMIS and got the red book instead of the blue book because of = I added the default edition to my shopping cart.  I don’t know whether amazon.com displays the older edition = by default because (a) they want to clear out the older editions which are probably more difficult to sell, or (b) amazon.com’s search = criteria of “HTTMIS” results in a closer match to the HTTMS (second edition) that it does to = HTTMS, 3rd edition.  Whatever the case = may be, consider yourself forewarned.

 

Curt

 

-----Original = Message-----
From: = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Pipdip21@aol.com
Sent: Saturday, August = 24, 2002 7:25 PM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] How to = Make Money in Stocks Edition 3?

 

Hi,

I am an owner of  the 2nd edition of the book.  I see the = newer version is from May 2002, 7 years after the 2nd edition.  For those = of you who have seen the newer edition, is it worth the upgrade?

Thanks

Derek

------=_NextPart_000_0001_01C24C46.48317E20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 25 Aug 2002 15:17:17 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0207_01C24C4A.7FC6EFB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Herman, my email application didn't screw up the format, what I returned = is exactly what I received. But the format isn't what I want to know. You have taken Tom's weekly lists and put the tickers into a list.... = why? You then perform due diligence..... why? You then compare one week's list against the prior week's list ..... = why? Why are you surprised by the extent of the changes? You post your results on the email list....=20 What do you want me to learn from your work? How can I use your work? It looks like you do a lot of work and it would be silly of me to = overlook the value of it simply because I don't understand what you're = doing and why. Thanks in advance, Gene ----- Original Message -----=20 From: Hermann Ertl=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 25, 2002 12:38 PM Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > Date: Sat, 24 Aug 2002 20:28:38 -0500 > From: Gene Ricci > Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > To: canslim@lists.xmission.com > Sender: owner-canslim@lists.xmission.com > > Herman, I don't know what you're trying to say here. Thanks = in >advance, Gene > > ----- Original Message ----- From: Hermann Ertl To: >canslim@lists.xmission.com Sent: Saturday, August 24, 2002 7:35 = PM >Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > > I am surprised by the extend the selections change. Below are > the selections since June 29; those marked with an "*" were > dropped the following week - the vast majority in every week's > list. Tom explains, "I still only look at each chart for about > 20-30 seconds. My comments are my impression, strictly an > opinion and worth every penny paid for it." > > We, who do DD on Tom's selections, can save a lot of time if we > check only those selections of the previous week that were not > dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. > > 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug > ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF > AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII > APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG > APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE > CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD > DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL > EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH > FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM > FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF > HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ > MMSI* ELK* PGC SCHN* FSTW* FCBP* = EWBC > MOVI* FNLY SCHN UCFC* PORT* FCN FCN > MTH* INTU THO* VIBC* SBMC FNBP* FESX > OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL > SYPR* JJSF* ZAP* INVN* GGC > WSH* KBH* NWRE* HARB > LABS* PORT* HET > LEN* QCBC* HRB > LTD* QSII* IBKC > MDC* SBMC ISLE > MEDW* SFNT* PORT > SSNC* SSNC* SBMC > TRBS* TTWO > TRYF* > WFMI* Gene, this looks very messy - it is not in the format I sent it. I sent my message in plain text - to preserve the format of the table for everyone - but your mail application did a good job screwing it up. As you can see it inserted spaces - lots of them. Really odd. Are you asking it to do this? Why not send messages in plain text? Here is my message as received from the list: -.-.-.-.-.-.-.-.-.-.-.- Date: Sat, 24 Aug 2002 19:35:48 -0500 To: canslim@lists.xmission.com From: Hermann Ertl Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Sender: owner-canslim@lists.xmission.com I am surprised by the extend the selections change. Below are the selections since June 29; those marked with an "*" were dropped the following week - the vast majority in every week's list. Tom explains, "I still only look at each chart for about 20-30 seconds. My comments are my impression, strictly an opinion and worth every penny paid for it." We, who do DD on Tom's selections, can save a lot of time if we check only those selections of the previous week that were not dropped, in the latest case AF, BLUD, BRKL, FCN, nad SBMC. 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII APOL APOL ASL* CHCO CTSH APOL* HBEK* APOL* AMSG APSG APSG* FESX* CTSH FCBP* AROW* HRB* BLUD ANDE CECO* BY* FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD DLTR* CHBS* IBKC* EPIQ* CTSH* OSTE* CSG* BRKL EPIQ* COCO* INTU* FCN* DCOM* QSII CSTR* CVH FNLY CPS* ITLA* HBEK DOCC* SBMC* DCOM DCOM FSTW* CTSH* LBAI* PGC* DORL* SFNT DOCC* DF HRH* DOCC* OZRK* RLI* FCN TRBS DORL* EPIQ MMSI* ELK* PGC SCHN* FSTW* FCBP* EWBC MOVI* FNLY SCHN UCFC* PORT* FCN FCN MTH* INTU THO* VIBC* SBMC FNBP* FESX OVRL* JILL* VIBC WHI* SSNC* HBHC* FOSL SYPR* JJSF* ZAP* INVN* GGC WSH* KBH* NWRE* HARB LABS* PORT* HET LEN* QCBC* HRB LTD* QSII* IBKC MDC* SBMC ISLE MEDW* SFNT* PORT SSNC* SSNC* SBMC TRBS* TTWO TRYF* WFMI* - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0207_01C24C4A.7FC6EFB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Herman, my email application didn't = screw up the=20 format, what I returned is exactly what I received.  But the format = isn't=20 what I want to know.
 
You have taken Tom's weekly lists and = put the=20 tickers into a list.... why?
You then perform due diligence.....=20 why?
You then compare one week's list = against the=20 prior week's list ..... why?
Why are you surprised by the extent of = the=20 changes?
You post your results on the email = list....=20
What do you want me to learn from your = work?
How can I use your work?
 
It looks like you do a lot of work and = it would=20 be silly of me to overlook the value of it simply because I don't=20 understand what you're doing and why.
 
Thanks in advance,
Gene
 
 
----- Original Message -----
From:=20 Hermann=20 Ertl
Sent: Sunday, August 25, 2002 = 12:38=20 PM
Subject: Re: [CANSLIM] WORLEY'S = WATCHLIST=20 WANNABES, timesaving

> Date: Sat, 24 Aug 2002 20:28:38 -0500
> = Ricci <genr@swbell.net>
>=20 Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving
> = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com=
>=20 Sender: owner-canslim@lists.xmis= sion.com
>
>    =20 Herman, I don't know what you're trying to say  here.   = Thanks=20 in
>advance, Gene
>
>    ----- = Original=20 Message -----    From:   =20 Hermann    Ertl   =20 To:
>canslim@lists.xmission.com    Sent: = Saturday, August=20 24, 2002 7:35    PM
>Subject: [CANSLIM] WORLEY'S=20 WATCHLIST    WANNABES, timesaving
>
> I am=20 surprised by the extend the selections change. Below    = are
> the selections since June 29; those marked with an "*"=20 were
> dropped    the following week - the vast = majority=20 in every week's
> list. Tom explains,    "I still = only=20 look at each chart for about
> 20-30 seconds. My comments=20 are    my impression, strictly an
> opinion and = worth=20 every penny paid for    it."
>
> We, who do = DD on=20 Tom's selections, can save a lot of time if    = we
> check=20 only those selections of the previous week that were    = not
> dropped, in the latest case AF, BLUD, BRKL, FCN,=20 nad    SBMC.
>
> 29Jun  6Jul  = 13Jul =20 20Jul  27Jul     3Aug   10Aug  = 17Aug  24Aug
> ACMR*  ALV*     = ACMR* =20 BL*    BLUD   ALAB*    =20 FCN    AF     AF
>=20 AMZ       AMZ*  APOL* =20 BLUD   CHCO*  ANDE*     = FNBP  =20 ANDE*  AGII
> APOL   APOL     = ASL*   CHCO   CTSH   APOL* =20 HBEK*     APOL*  AMSG
> = APSG   APSG*=20 FESX*  CTSH      FCBP*  AROW*  = HRB*   BLUD   ANDE
> = CECO*    =20 BY*   FNLY*  DOCC*  HBEK*  BLUD* =20 NYCB*     BRKL   BLUD
> = DLTR*  CHBS*=20 IBKC*    =20 EPIQ*         CTSH* =20 OSTE*     CSG*   BRKL
> = EPIQ*  COCO*=20 INTU*    =20 FCN*         =20 DCOM*     QSII   CSTR*  CVH
> = FNLY   CPS*  ITLA*    =20 HBEK         =20 DOCC*     SBMC*  DCOM   = DCOM
>=20 FSTW*  CTSH* LBAI*    =20 PGC*         =20 DORL*     SFNT   DOCC*  DF
>=20 HRH*   DOCC* OZRK*    =20 = RLI*           &nb= sp;=20 FCN    TRBS   DORL*  EPIQ
>=20 MMSI*     ELK* =20 PGC      =20 = SCHN*           =20 FSTW*        =20 FCBP*     EWBC
> MOVI*  FNLY =20 SCHN     =20 = UCFC*           =20 PORT*        =20 FCN       FCN
> MTH*  =20 INTU  THO*     =20 = VIBC*           =20 SBMC         =20 FNBP*     FESX
> OVRL*  JILL*=20 VIBC     =20 = WHI*           &nb= sp;=20 SSNC*        =20 HBHC*     FOSL
> SYPR* =20 JJSF*          =20 = ZAP*           &nb= sp;           &nbs= p;  =20 INVN*  GGC
> WSH*     =20 = KBH*           &nb= sp;           &nbs= p;            = ;   =20 NWRE* =20 = HARB
>           = = LABS*           &n= bsp;           &nb= sp;           &nbs= p;  =20 PORT* =20 = HET
>          =20 = LEN*           &nb= sp;           &nbs= p;            = ;   =20 QCBC* =20 = HRB
>          =20 = LTD*           &nb= sp;           &nbs= p;            = ;   =20 QSII* =20 = IBKC
>           = = MDC*           &nb= sp;           &nbs= p;            = ;   =20 SBMC  =20 = ISLE
>           = = MEDW*           &n= bsp;           &nb= sp;           &nbs= p;  =20 SFNT* =20 = PORT
>           = = SSNC*           &n= bsp;           &nb= sp;           &nbs= p;  =20 SSNC*    =20 = SBMC
>          &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;    =20 TRBS*    =20 = TTWO
>          &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;    =20 = TRYF*
>          =             &= nbsp;           &n= bsp;           &nb= sp;    =20 WFMI*




Gene, this looks very messy - it is not in = the format=20 I sent it.

I sent my message in plain text - to preserve the = format of=20 the
table for everyone - but your mail application did a good=20 job
screwing it up. As you can see it inserted spaces - lots of=20 them.
Really odd. Are you asking it to do this? Why not send = messages
in=20 plain text?

Here is my message as received from the=20 = list:

          =      =20 -.-.-.-.-.-.-.-.-.-.-.-

Date: Sat, 24 Aug 2002 19:35:48 = -0500
To: canslim@lists.xmission.com=
From:=20 Hermann Ertl <hertl@attglobal.net>
Subjec= t:=20 [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving
Sender: owner-canslim@lists.xmis= sion.com


I=20 am surprised by the extend the selections change. Below are
the = selections=20 since June 29; those marked with an "*" were
dropped the following = week -=20 the vast majority in every week's
list. Tom explains, "I still only = look at=20 each chart for about
20-30 seconds. My comments are my impression, = strictly=20 an
opinion and worth every penny paid for it."

We, who do DD = on=20 Tom's selections, can save a lot of time if we
check only those = selections=20 of the previous week that were not
dropped, in the latest case AF, = BLUD,=20 BRKL, FCN, nad SBMC.

29Jun  6Jul  13Jul  = 20Jul =20 27Jul  3Aug   10Aug  17Aug  = 24Aug
ACMR* =20 ALV*  ACMR*  BL*    BLUD   = ALAB* =20 FCN    AF     = AF
AMZ   =20 AMZ*  APOL*  BLUD   CHCO*  ANDE* =20 FNBP   ANDE*  AGII
APOL   APOL =20 ASL*   CHCO   CTSH   APOL*  = HBEK* =20 APOL*  AMSG
APSG   APSG* FESX*  = CTSH  =20 FCBP*  AROW*  HRB*   BLUD   = ANDE
CECO* =20 BY*   FNLY*  DOCC*  HBEK*  BLUD*  = NYCB* =20 BRKL   BLUD
DLTR*  CHBS* IBKC* =20 EPIQ*         CTSH*  = OSTE* =20 CSG*   BRKL
EPIQ*  COCO* INTU* =20 FCN*          DCOM*  = QSII   CSTR*  CVH
FNLY   CPS*  = ITLA* =20 HBEK          DOCC*  = SBMC*  DCOM   DCOM
FSTW*  CTSH* LBAI* =20 PGC*          DORL*  = SFNT   DOCC*  DF
HRH*   DOCC* OZRK* =20 RLI*         =20 FCN    TRBS   DORL*  EPIQ
MMSI*  = ELK*  PGC   =20 SCHN*        =20 FSTW*         FCBP* =20 EWBC
MOVI*  FNLY  SCHN  =20 UCFC*        =20 PORT*         = FCN   =20 FCN
MTH*   INTU  THO*  =20 VIBC*        =20 SBMC          FNBP*  = FESX
OVRL*  JILL* VIBC  =20 WHI*         =20 SSNC*         HBHC* =20 FOSL
SYPR*  JJSF*       =20 = ZAP*           &nb= sp;           =20 INVN*  GGC
WSH*  =20 = KBH*           &nb= sp;           &nbs= p;            = ;=20 NWRE*  HARB
      =20 = LABS*           &n= bsp;           &nb= sp;           =20 PORT*  HET
      =20 = LEN*           &nb= sp;           &nbs= p;            = ;=20 QCBC*  HRB
      =20 = LTD*           &nb= sp;           &nbs= p;            = ;=20 QSII*  IBKC
      =20 = MDC*           &nb= sp;           &nbs= p;            = ;=20 SBMC   ISLE
      =20 = MEDW*           &n= bsp;           &nb= sp;           =20 SFNT*  PORT
      =20 = SSNC*           &n= bsp;           &nb= sp;           =20 SSNC* =20 = SBMC
           = ;            =             &= nbsp;           =20 TRBS* =20 = TTWO
           = ;            =             &= nbsp;           =20 = TRYF*
          &nbs= p;            = ;            =              = WFMI*



-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_0207_01C24C4A.7FC6EFB0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Breakout Blues Date: 25 Aug 2002 11:01:19 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0012_01C24C26.BD793260 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi All, Hermann has advised me off list that my posting of recent breakouts was not easily readable yesterday. In case anyone else had a problem with it (it was in html format) the source material is available here: http://www.cwhcharts.com/WON_brkouts.html http://www.cwhcharts.com/HIGH_brkouts.html Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons Sent: Saturday, August 24, 2002 9:31 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Breakout Blues Thought I'd just chip in with some anecdotal evidence of breakouts from CwH formations that I've identified since the July 24 low and how they've fared through market close yesterday. A breakout is a stock that closed above its pivot on the breakout date with at least 150% ADV. The evidence shows that breakouts are mostly either failing or not sustaining their gains in a significant way. The number of stocks in the sample is too small to draw any scientific conclusions from, but are interesting nevertheless. The first table is of breakouts from a CwH formation with a minimum 5 day handle and within 15% of their left cup high. As of yesterday all but one of them was still above the pivot, but only just, and were substantially down from their high water mark. Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at Date Price Close Volume Price Volume % Intraday High 8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11% 8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29% 8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29% 8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12% 8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90% The second table is of breakouts from a minimum two day handle and within 22% of the left cup high. In this group only two are above water, which appears to confirm that breakouts from short handles are more suspect. Interestingly, INTL had a 5 day handle when it broke out. However, the potential gain from this group was greater for the swing trader. Greater risk, but greater potential return? Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at Date Price Close Volume Price Volume % Intraday High 8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38% 8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87% 8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53% 8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81% 8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75% 7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04% As I said, there are too few stocks here to draw any conclusions from, but the results are anecdotally interesting. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Saturday, August 24, 2002 5:43 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Breakout Blues I think CAN SLIM is working great. If we are following the rules then we have very limited exposure to the M right now. Sure we have seen some confirmation days but are we seeing good numbers of leading industries/companies breaking out of sound bases? Not for my tastes. Sitting in cash because the rules say so is a positive position, IMO. As we say in science; if you have a measurement of zero, that is as good as any other non-zero measurement, it is still what was observed in the sample. Not having any exposure to a M because some of the CAN SLIM rules keep you out is not to say the method isn't working. Just my $0.02. Norm ----- Original Message ----- From: "Dan Forant" To: Sent: Saturday, August 24, 2002 4:55 AM Subject: Re: [CANSLIM] Breakout Blues > The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 > stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM > will not be successful as advertised. It's been awhile since CANSLIM has > dusted itself off and worked. This market action could go on for a year or > more. When CANSLIM does get it's chance it will shine. I still say it's a > simple concept to practice. If you put it under a microscope it can get > blurred. > > DanF > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 23, 2002 11:07 PM > Subject: Re: [CANSLIM] Breakout Blues > > > > I disagree. Over the many years I have been using CANSLIM, and the past > six > > participating in this "niche" investing group, I have seen too many people > > that "thought" they knew CANSLIM and how to apply it. In some cases, they > > had not even read HTMMIS once, much less studied it. If I multiply the > > membership of this group by some unknown factor to represent the > population > > of investors that got a free two week subscription to IBD and now "think" > > they have the hang of CANSLIM, but never were a member here, then I think > > there are likely millions of potential investors that will lose money on > the > > basis of their perception of CANSLIM, and thereby condemn the system > rather > > than their lack of knowledge or effort to learn. > > > > ----- Original Message ----- > > From: "David Thompson" > > To: > > Sent: Friday, August 23, 2002 1:13 PM > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > Tom and Robert > > > > One of the concerns that I've had is that one of the principles of > > investing is that once a very large group of people start following a > > certain investment style it generally stops working. It seems that WON > > has kept the C&H style of selecting stocks "fresh" by more and more > > carefully defining what's likely to work and likely to not. However, I > > suspect that significant growth in IBD (and they say it's growing > > quickly, they're certainly giving away a lot of copies) will eventually > > make it more worthwhile to trade against or outside the CANSLIM model. > > > > David Thompson > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0012_01C24C26.BD793260 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi=20 All,
 
Hermann has advised me off list that my posting of recent = breakouts was=20 not easily readable yesterday.
 
In=20 case anyone else had a problem with it (it was in html format) the = source=20 material is available here:
 
http://www.cwhcharts.c= om/WON_brkouts.html
http://www.cwhcharts.= com/HIGH_brkouts.html
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike=20 Gibbons
Sent: Saturday, August 24, 2002 9:31 = AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] Breakout=20 Blues

Thought I'd just = chip in with some=20 anecdotal evidence of breakouts from CwH formations that I've = identified=20 since the July 24 low and how they've fared through market close = yesterday. A=20 breakout is a stock that closed above its pivot on the breakout date = with at=20 least 150% ADV.
 
The evidence shows = that breakouts=20 are mostly either failing or not sustaining their gains in a = significant way.=20 The number of stocks in the sample is too small to draw any scientific = conclusions from, but are interesting nevertheless.
 
The first table is = of breakouts=20 from a CwH formation with a minimum 5 day handle and within 15% of = their left=20 cup high. As of yesterday all but one of them was still above the = pivot, but=20 only just, and were substantially down from their high water=20 mark.
 
Breakout Symbol CANSLIM=20 Score Brk = Out B'out=20 Day B'out=20 Day Last Last Change Change *Gain=20 at
Date Price Close Volume Price Volume % Intraday=20 High
8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11%
8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29%
8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29%
8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12%
8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90%
 
The second table is = of breakouts=20 from a minimum two day handle and within 22% of the left cup high. In = this=20 group only two are above water, which appears to confirm that = breakouts from=20 short handles are more suspect. Interestingly, INTL had a 5 day handle = when it=20 broke out. However, the potential gain from this group was greater for = the=20 swing trader. Greater risk, but greater potential return? =
 
Breakout Symbol CANSLIM=20 Score Brk = Out B'out=20 Day B'out=20 Day Last Last Change Change *Gain=20 at
Date Price Close Volume Price Volume % Intraday=20 High
8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38%
8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87%
8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53%
8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81%
8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75%
7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04%
 
As I said, there are = too few=20 stocks here to draw any conclusions from, but the results are = anecdotally=20 interesting.

Aloha,

Mike = Gibbons
Proactive=20 Technologies, LLC
http://www.proactech.com


-----Origina= l=20 Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lis= ts.xmission.com]On=20 Behalf Of Norman
Sent: Saturday, August 24, 2002 5:43 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Breakout=20 Blues


I think CAN SLIM is working great.  If we are = following=20 the rules then we
have very limited exposure to the M right = now.  Sure=20 we have seen some
confirmation days but are we seeing good numbers = of=20 leading
industries/companies breaking out of sound bases?  Not = for my=20 tastes.
Sitting in cash because the rules say so is a positive = position,=20 IMO.  As we
say in science; if you have a measurement of zero, = that is=20 as good as any
other non-zero measurement, it is still what was = observed in=20 the sample.
Not having any exposure to a M because some of the CAN = SLIM=20 rules keep you
out is not to say the method isn't = working.

Just my=20 $0.02.

Norm

----- Original Message -----
From: "Dan = Forant"=20 <dforant1@nycap.rr.com>
To:=20 <canslim@lists.xmission.com>
Sent: Saturday, August 24, 2002 = 4:55=20 AM
Subject: Re: [CANSLIM] Breakout Blues


> The market = itself=20 makes or brakes CANSLIM. Look at yesterdays fall, only 2
> = stocks out of=20 the Nasdaq 100 moved up. In a bear or choppy market CANSLIM
> = will not=20 be successful as advertised. It's been awhile since CANSLIM = has
> dusted=20 itself off and worked. This market action could go on for a year = or
>=20 more. When CANSLIM does get it's chance it will shine. I still say = it's=20 a
> simple concept to practice. If you put it under a microscope = it can=20 get
> blurred.
>
> DanF
>
>
> = -----=20 Original Message -----
> From: "Tom Worley"=20 <stkguru@bellsouth.net>
> To:=20 <canslim@lists.xmission.com>
> Sent: Friday, August 23, = 2002 11:07=20 PM
> Subject: Re: [CANSLIM] Breakout = Blues
>
>
> >=20 I disagree. Over the many years I have been using CANSLIM, and the=20 past
> six
> > participating in this "niche" investing = group, I=20 have seen too many
people
> > that "thought" they knew = CANSLIM and=20 how to apply it. In some cases,
they
> > had not even read = HTMMIS=20 once, much less studied it. If I multiply the
> > membership = of this=20 group by some unknown factor to represent the
> = population
> >=20 of investors that got a free two week subscription to IBD and=20 now
"think"
> > they have the hang of CANSLIM, but never = were a=20 member here, then I
think
> > there are likely millions of = potential investors that will lose money on
> the
> > = basis of=20 their perception of CANSLIM, and thereby condemn the system
>=20 rather
> > than their lack of knowledge or effort to = learn.
>=20 >
> > ----- Original Message -----
> > From: = "David=20 Thompson" <david@epud.net>
> > To:=20 <canslim@lists.xmission.com>
> > Sent: Friday, August = 23, 2002=20 1:13 PM
> > Subject: Re: [CANSLIM] Breakout Blues
>=20 >
> >
> > Tom and Robert
> >
> = > One of=20 the concerns that I've had is that one of the principles of
> = >=20 investing is that once a very large group of people start following = a
>=20 > certain investment style it generally stops working. It seems = that=20 WON
> > has kept the C&H style of selecting stocks = "fresh" by=20 more and more
> > carefully defining what's likely to work = and likely=20 to not. However, I
> > suspect that significant growth in IBD = (and=20 they say it's growing
> > quickly, they're certainly giving = away a=20 lot of copies) will eventually
> > make it more worthwhile to = trade=20 against or outside the CANSLIM model.
> >
> > David=20 Thompson
> >
> >
> >
> > -
> = >=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > = -In the=20 email body, write "subscribe canslim" or
> > -"unsubscribe=20 canslim".  Do not use quotes in your email.
> >
>=20 >
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In = the=20 email body, write "subscribe canslim" or
> > -"unsubscribe=20 canslim".  Do not use quotes in your email.
>=20 >
>
>
> -
> -To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
> -In the email body, write "subscribe = canslim"=20 or
> -"unsubscribe canslim".  Do not use quotes in your=20 email.
>
>


-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your = email.=20

------=_NextPart_000_0012_01C24C26.BD793260-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Lin Wells" Subject: RE: [CANSLIM] CANSLIM Hunting List 08/23/02 Date: 25 Aug 2002 16:16:50 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0026_01C24C52.D19271E0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, Thanks for this hunting list and the time you and others put in here. Sometimes a man just has to overwhelmed with gratitude. I read WON's book probably eight yrs ago and thought it was a great book but never did anything with it. I left my IRA's to the funds which didn't work out so well. I've been lurking here off and on for a couple of years, but just got serious a couple of months ago. This list is giving me the practical information I need to apply WON and making it possible to make great leaps in knowledge and understanding that would take many months otherwise. I actually think I might be ready to go before this mkt turns around. The willingness of this group to share their knowledge, resources and time (and for free), is far above the norm, David Taggart snagging a free three month trial to tradingmkts, Mike Gibbons providing a backdoor and five free picks a day. I'm leaving out many others. Someday I hope to be able to make a contribution. And doggone it Tom, I like your list too, I don't care what Herman says. Lin -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Saturday, August 24, 2002 7:36 PM Hi All, I've uploaded an updated CANSLIM hunting list to: http://WallStreet-LLC.com/canslim/ CANSLIMHunting082302.xls ( a bit slow to load) or http://WallStreet-LLC.com/canslim/ CANSLIMHunting082302.zip ( a zipped version which you can download, somewhat faster) In order to make it to the list, the stock had to have a forward growth rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 day SMA, and at or above the 200 day SMA. This is what I consider to be "bare bones" requirements for CANSLIM quality stocks. Since the version of the hunting list I uploaded last month on 7/22, the list has expanded substantially. Last month, just prior to the current market low, there were only 210 stocks meeting these same criteria. This month the list has expanded to 459 names. I see that as an indication that the market for CANSLIM stocks is getting healthier. This, plus other evidence, leads me to believe that the market status for CANSLIMers is "OK-but proceed with caution." While many breakouts have pulled back, most have done so in an orderly fashion. I'd like to see more breakouts day to day and more breakouts that do not pull back before I would consider this an "all systems go" Market. In the meantime, following all the buy and sell rules will keep us out of trouble on long positions. Of the list of 459 stocks this month, 152 are repeats, 307 are new names. 58 names dropped from last month's list. You can see which names were dropped or added by taking a look at this month's spreadsheet. Other information included is industry name (slightly different than DGO's names, but close enough!), price, avg vol, and links to graphs and due diligence sites on the internet. If you'd like to look at last month's hunting list, you will find it at: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls Happy Hunting! Katherine PS These files are created with the PC version of Excel 2000. Occasionally I will not have data for a stock and it will slip onto the list even though the minimum technicals will not actually be met. Prices current as of market close 8/23/02. ------=_NextPart_000_0026_01C24C52.D19271E0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

 

 

Katherine,

 

Thanks for this hunting list and = the time you and others put in here.  Sometimes a man just has to = overwhelmed with gratitude.  I read WON’s book probably eight yrs ago and = thought it was a great book but never did anything with it.  I left my = IRA’s to the funds which didn’t work out so well.  I’ve been = lurking here off and on for a couple of years, but just got serious a couple of = months ago.  This list is giving me the practical information I need to = apply WON and making it possible to make great leaps in knowledge and = understanding that would take many months otherwise.  I actually think I might be = ready to go before this mkt turns around.  The willingness of this group to = share their knowledge, resources and time (and for free), is far above the = norm, David Taggart snagging a free three month trial to tradingmkts, Mike = Gibbons providing a backdoor and five free picks a day.  I’m leaving = out many others.  Someday I hope to be able to make a = contribution.  And doggone it Tom, I like your list too, I don’t care what Herman = says.

 

Lin

 

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Saturday, August = 24, 2002 7:36 PM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] = CANSLIM Hunting List 08/23/02

 

Hi All,

 

I've uploaded an updated CANSLIM hunting list = to:

 

ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.zip ( a zipped version which you can download, somewhat = faster)

 

In order to make it to the list, the stock = had to have a forward growth rate of at least 15%, Price at least 6, Avg Daily Vol = at least 30K, RS at least 60, no more than 15% below the 50 day SMA, and at or = above the 200 day SMA. This is what I consider to be "bare bones" = requirements for CANSLIM quality stocks.

 

Since the version of the hunting list I = uploaded last month on 7/22, the list has expanded substantially. Last month, just = prior to the current market low, there were only 210 stocks meeting these same = criteria. This month the list has expanded to 459 names. I see that as an = indication that the market for CANSLIM stocks is getting healthier. This, plus other = evidence, leads me to believe that the market status for CANSLIMers is = "OK-but proceed with caution." While many breakouts have pulled back, most = have done so in an orderly fashion. I'd like to see more breakouts day to day = and more breakouts that do not pull back before I would consider this an = "all systems go" Market. In the meantime, following all the buy and sell rules will = keep us out of trouble on long positions.

 

Of the list of 459 stocks this month, 152 are = repeats, 307 are new names. 58 names dropped from last month's list. You can see = which names were dropped or added by taking a look at this month's = spreadsheet. Other information included is industry name (slightly different than = DGO's names, but close enough!), price, avg vol, and  links to graphs and = due diligence sites on the internet. If you'd like to look at last month's = hunting list, you will find it at:

 

 

Happy Hunting!

Katherine

 

PS

These files are created with the PC version = of Excel 2000.

Occasionally I will not have data for a stock = and it will slip onto the list even though the minimum technicals will not = actually be met.

Prices current as of market close = 8/23/02.

------=_NextPart_000_0026_01C24C52.D19271E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] CANSLIM Hunting List 08/23/02 Date: 25 Aug 2002 11:49:15 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_001A_01C24C2D.70329E40 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable X-MIME-Autoconverted: from 8bit to quoted-printable by pluto.wwwnexus.com id g7PN3X425351 Hi Lin, I get a lot from the list in terms of expanding my knowledge - providing = the back door(s) is a way of returning something of what I take a way. Your expression of gratutude is appreciated :-) Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmis= sion.com]On Behalf Of Lin Wells Sent: Sunday, August 25, 2002 11:17 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CANSLIM Hunting List 08/23/02 Katherine, Thanks for this hunting list and the time you and others put in here. = Sometimes a man just has to overwhelmed with gratitude. I read WON=92s book probably eight yrs ago and thought it was a great book = but never did anything with it. I left my IRA=92s to the funds which didn=92t work out so well. I=92ve been lurking here off and on for= a couple of years, but just got serious a couple of months ago. This list is giving me the practical information I need to apply WO= N and making it possible to make great leaps in knowledge and understanding that would take many months otherwise. I actually thin= k I might be ready to go before this mkt turns around. The willingness of this group to share their knowledge, resources and time (a= nd for free), is far above the norm, David Taggart snagging a free three month trial to tradingmkts, Mike Gibbons providing a backdoo= r and five free picks a day. I=92m leaving out many others. Someday I hope to be able to make a contribution. And doggone it Tom, I = like your list too, I don=92t care what Herman says. Lin -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmis= sion.com] On Behalf Of Katherine Malm Sent: Saturday, August 24, 2002 7:36 PM To: canslim@lists.xmission.com Subject: [CANSLIM] CANSLIM Hunting List 08/23/02 Hi All, I've uploaded an updated CANSLIM hunting list to: http://WallStreet-LLC.com/canslim/CANSLIMHunting082302.xls ( a bit slow= to load) or http://WallStreet-LLC.com/canslim/CANSLIMHunting082302.zip ( a zipped v= ersion which you can download, somewhat faster) In order to make it to the list, the stock had to have a forward growth= rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 day SMA, and at = or above the 200 day SMA. This is what I consider to be "bare bones" requirements for CANSLIM quality stocks. Since the version of the hunting list I uploaded last month on 7/22, th= e list has expanded substantially. Last month, just prior to the current market low, there were only 210 stocks meeting these same = criteria. This month the list has expanded to 459 names. I see that as an indication that the market for CANSLIM stocks is getting h= ealthier. This, plus other evidence, leads me to believe that the market status for CANSLIMers is "OK-but proceed with caution." W= hile many breakouts have pulled back, most have done so in an orderly fashion. I'd like to see more breakouts day to day and more br= eakouts that do not pull back before I would consider this an "all systems go" Market. In the meantime, following all the buy and se= ll rules will keep us out of trouble on long positions. Of the list of 459 stocks this month, 152 are repeats, 307 are new name= s. 58 names dropped from last month's list. You can see which names were dropped or added by taking a look at this month's spread= sheet. Other information included is industry name (slightly different than DGO's names, but close enough!), price, avg vol,= and links to graphs and due diligence sites on the internet. If you'd like to look at last month's hunting list, you will fi= nd it at: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls Happy Hunting! Katherine PS These files are created with the PC version of Excel 2000. Occasionally I will not have data for a stock and it will slip onto the= list even though the minimum technicals will not actually be met. Prices current as of market close 8/23/02. ------=_NextPart_000_001A_01C24C2D.70329E40 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Hi=20 Lin,
 
I get=20 a lot from the list in terms of expanding my knowledge - providing = the back=20 door(s) is a way of returning something of what I take a way. Your = expression of=20 gratutude is appreciated :-)
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lin=20 Wells
Sent: Sunday, August 25, 2002 11:17 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] CANSLIM = Hunting=20 List 08/23/02

 

 

Katherine,

 

Thanks for = this=20 hunting list and the time you and others put in here.  Sometimes = a man=20 just has to overwhelmed with gratitude.  I read WON=92s book = probably eight=20 yrs ago and thought it was a great book but never did anything with = it. =20 I left my IRA=92s to the funds which didn=92t work out so well.  = I=92ve been=20 lurking here off and on for a couple of years, but just got serious a = couple=20 of months ago.  This list is giving me the practical information = I need=20 to apply WON and making it possible to make great leaps in knowledge = and=20 understanding that would take many months otherwise.  I actually = think I=20 might be ready to go before this mkt turns around.  The = willingness of=20 this group to share their knowledge, resources and time (and for = free), is far=20 above the norm, David Taggart snagging a free three month trial to=20 tradingmkts, Mike Gibbons providing a backdoor and five free picks a=20 day.  I=92m leaving out many others.  Someday I hope to be = able to=20 make a contribution.  And doggone it Tom, I like your list too, I = don=92t=20 care what Herman says.

 

Lin

 

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine = Malm
Sent: = Saturday, August=20 24, 2002 7:36 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] CANSLIM = Hunting List=20 08/23/02

 

Hi = All,

 

I've uploaded an updated = CANSLIM hunting=20 list to:

 

ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.xls (=20 a bit slow to load)  or

ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.zip=20 ( a zipped version which you can download, somewhat=20 faster)

 

In order to make it to the = list, the=20 stock had to have a forward growth rate of at least 15%, Price at = least 6, Avg=20 Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 = day SMA,=20 and at or above the 200 day SMA. This is what I consider to be "bare = bones"=20 requirements for CANSLIM quality stocks.

 

Since the version of the = hunting list I=20 uploaded last month on 7/22, the list has expanded substantially. Last = month,=20 just prior to the current market low, there were only 210 stocks = meeting these=20 same criteria. This month the list has expanded to 459 names. I see = that as an=20 indication that the market for CANSLIM stocks is getting healthier. = This, plus=20 other evidence, leads me to believe that the market status for = CANSLIMers is=20 "OK-but proceed with caution." While many breakouts have pulled back, = most=20 have done so in an orderly fashion. I'd like to see more breakouts day = to day=20 and more breakouts that do not pull back before I would consider this = an "all=20 systems go" Market. In the meantime, following all the buy and sell rules = will keep us=20 out of trouble on long positions.

 

Of the list of 459 stocks = this month, 152=20 are repeats, 307 are new names. 58 names dropped from last month's = list. You=20 can see which names were dropped or added by taking a look at = this=20 month's spreadsheet. Other information included is industry name = (slightly=20 different than DGO's names, but close enough!), price, avg vol, and=20  links to graphs and due diligence sites on the internet. If = you'd like=20 to look at last month's hunting list, you will find it=20 at:

 

http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls

 

Happy = Hunting!

Katherine

 

PS

These files are created with = the PC=20 version of Excel 2000.

Occasionally I will not have = data for a=20 stock and it will slip onto the list even though the minimum = technicals will=20 not actually be met.

Prices current as of market = close=20 8/23/02.

------=_NextPart_000_001A_01C24C2D.70329E40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Breakout Blues Date: 25 Aug 2002 17:31:54 -0500 I had no trouble reading it with Lookout Express. Look great. Hermann, which mail client are you using? Norm ----- Original Message ----- Sent: Sunday, August 25, 2002 4:01 PM > Hi All, > > Hermann has advised me off list that my posting of recent breakouts was not easily readable yesterday. > > In case anyone else had a problem with it (it was in html format) the source material is available here: > > http://www.cwhcharts.com/WON_brkouts.html > http://www.cwhcharts.com/HIGH_brkouts.html > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > -----Original Message----- > From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons > Sent: Saturday, August 24, 2002 9:31 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Breakout Blues > > > Thought I'd just chip in with some anecdotal evidence of breakouts from CwH formations that I've identified since the July 24 low > and how they've fared through market close yesterday. A breakout is a stock that closed above its pivot on the breakout date with at > least 150% ADV. > > The evidence shows that breakouts are mostly either failing or not sustaining their gains in a significant way. The number of > stocks in the sample is too small to draw any scientific conclusions from, but are interesting nevertheless. > > The first table is of breakouts from a CwH formation with a minimum 5 day handle and within 15% of their left cup high. As of > yesterday all but one of them was still above the pivot, but only just, and were substantially down from their high water mark. > > Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at > Date Price Close Volume Price Volume % Intraday High > 8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11% > 8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29% > 8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29% > 8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12% > 8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90% > > > The second table is of breakouts from a minimum two day handle and within 22% of the left cup high. In this group only two are > above water, which appears to confirm that breakouts from short handles are more suspect. Interestingly, INTL had a 5 day handle > when it broke out. However, the potential gain from this group was greater for the swing trader. Greater risk, but greater potential > return? > > Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at > Date Price Close Volume Price Volume % Intraday High > 8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38% > 8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87% > 8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53% > 8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81% > 8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75% > 7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04% > > > As I said, there are too few stocks here to draw any conclusions from, but the results are anecdotally interesting. > > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Saturday, August 24, 2002 5:43 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Breakout Blues > > > I think CAN SLIM is working great. If we are following the rules then we > have very limited exposure to the M right now. Sure we have seen some > confirmation days but are we seeing good numbers of leading > industries/companies breaking out of sound bases? Not for my tastes. > Sitting in cash because the rules say so is a positive position, IMO. As we > say in science; if you have a measurement of zero, that is as good as any > other non-zero measurement, it is still what was observed in the sample. > Not having any exposure to a M because some of the CAN SLIM rules keep you > out is not to say the method isn't working. > > Just my $0.02. > > Norm > > ----- Original Message ----- > From: "Dan Forant" > To: > Sent: Saturday, August 24, 2002 4:55 AM > Subject: Re: [CANSLIM] Breakout Blues > > > > The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 > > stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM > > will not be successful as advertised. It's been awhile since CANSLIM has > > dusted itself off and worked. This market action could go on for a year or > > more. When CANSLIM does get it's chance it will shine. I still say it's a > > simple concept to practice. If you put it under a microscope it can get > > blurred. > > > > DanF > > > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Friday, August 23, 2002 11:07 PM > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > > I disagree. Over the many years I have been using CANSLIM, and the past > > six > > > participating in this "niche" investing group, I have seen too many > people > > > that "thought" they knew CANSLIM and how to apply it. In some cases, > they > > > had not even read HTMMIS once, much less studied it. If I multiply the > > > membership of this group by some unknown factor to represent the > > population > > > of investors that got a free two week subscription to IBD and now > "think" > > > they have the hang of CANSLIM, but never were a member here, then I > think > > > there are likely millions of potential investors that will lose money on > > the > > > basis of their perception of CANSLIM, and thereby condemn the system > > rather > > > than their lack of knowledge or effort to learn. > > > > > > ----- Original Message ----- > > > From: "David Thompson" > > > To: > > > Sent: Friday, August 23, 2002 1:13 PM > > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > > > > Tom and Robert > > > > > > One of the concerns that I've had is that one of the principles of > > > investing is that once a very large group of people start following a > > > certain investment style it generally stops working. It seems that WON > > > has kept the C&H style of selecting stocks "fresh" by more and more > > > carefully defining what's likely to work and likely to not. However, I > > > suspect that significant growth in IBD (and they say it's growing > > > quickly, they're certainly giving away a lot of copies) will eventually > > > make it more worthwhile to trade against or outside the CANSLIM model. > > > > > > David Thompson > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CANSLIM Hunting List 08/23/02 Date: 25 Aug 2002 17:33:23 -0500 "is far above the norm" I resent that Norm ----- Original Message ----- Sent: Sunday, August 25, 2002 4:16 PM > > > > > Katherine, > > > > Thanks for this hunting list and the time you and others put in here. > Sometimes a man just has to overwhelmed with gratitude. I read WON's > book probably eight yrs ago and thought it was a great book but never > did anything with it. I left my IRA's to the funds which didn't work > out so well. I've been lurking here off and on for a couple of years, > but just got serious a couple of months ago. This list is giving me the > practical information I need to apply WON and making it possible to make > great leaps in knowledge and understanding that would take many months > otherwise. I actually think I might be ready to go before this mkt > turns around. The willingness of this group to share their knowledge, > resources and time (and for free), is far above the norm, David Taggart > snagging a free three month trial to tradingmkts, Mike Gibbons providing > a backdoor and five free picks a day. I'm leaving out many others. > Someday I hope to be able to make a contribution. And doggone it Tom, I > like your list too, I don't care what Herman says. > > > > Lin > > > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm > Sent: Saturday, August 24, 2002 7:36 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] CANSLIM Hunting List 08/23/02 > > > > Hi All, > > > > I've uploaded an updated CANSLIM hunting list to: > > > > http://WallStreet-LLC.com/canslim/ > > CANSLIMHunting082302.xls > ( a > bit slow to load) or > > http://WallStreet-LLC.com/canslim/ > > CANSLIMHunting082302.zip > ( a > zipped version which you can download, somewhat faster) > > > > In order to make it to the list, the stock had to have a forward growth > rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS > at least 60, no more than 15% below the 50 day SMA, and at or above the > 200 day SMA. This is what I consider to be "bare bones" requirements for > CANSLIM quality stocks. > > > > Since the version of the hunting list I uploaded last month on 7/22, the > list has expanded substantially. Last month, just prior to the current > market low, there were only 210 stocks meeting these same criteria. This > month the list has expanded to 459 names. I see that as an indication > that the market for CANSLIM stocks is getting healthier. This, plus > other evidence, leads me to believe that the market status for > CANSLIMers is "OK-but proceed with caution." While many breakouts have > pulled back, most have done so in an orderly fashion. I'd like to see > more breakouts day to day and more breakouts that do not pull back > before I would consider this an "all systems go" Market. In the > meantime, following all the buy and sell rules will keep us out of > trouble on long positions. > > > > Of the list of 459 stocks this month, 152 are repeats, 307 are new > names. 58 names dropped from last month's list. You can see which names > were dropped or added by taking a look at this month's spreadsheet. > Other information included is industry name (slightly different than > DGO's names, but close enough!), price, avg vol, and links to graphs > and due diligence sites on the internet. If you'd like to look at last > month's hunting list, you will find it at: > > > > http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls > > > > Happy Hunting! > > Katherine > > > > PS > > These files are created with the PC version of Excel 2000. > > Occasionally I will not have data for a stock and it will slip onto the > list even though the minimum technicals will not actually be met. > > Prices current as of market close 8/23/02. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Which One Is Better - Updated Date: 25 Aug 2002 21:20:45 EDT Katherine: Your conclusion is OH so true. As they say, "statistics lie, and liars use statistics". My point is not that DGO is "venal liar", but that the numbers used in the composite rating can certainly be misleading-because the composite rating on DGO is just that: A composite. IBD says time and again that the purchaser shouldn't just buy based on ratings (the chart must also be looked at), so IBD's admonition must go double for a rating (the composite rating) that is just an average of other ratings (some good and some relatively not so good) on which it is based. And the more data you pile into the composite ratings, the more likely that one of the ratings does not reflect what the comosite seems to say. For instance, a composite rating with 15 factors can be a lot more misleading than one with 5 factors because one or two of the 15 may not reflect the composite rating but because of the number of factors included will not weigh that much on the average. In essence, then, I believe the composite rating obscures more than it illustrates. And like a woman's bikini, which may reveal a lot, it hides what's essential. jans In a message dated 8/12/2002 9:03:44 PM Eastern Daylight Time, kmalm@earthlink.net writes: << You know, I have a simple solution for this kind of dilemma....don't use the numbers. I know it's tempting to use a number like this, as it seems to "tell you everything" about the stock. But I think once you summarize summary numbers, you're asking for trouble. I rank the composite score as "mildly useful." Here's an example. I'll select a couple of stocks that have come up for discussion here in the last few months: WTW and TOL. Scores? WTW = 96 TOL = 95 Yet, look at the charts. WTW broke out today, TOL is rolling over and playing dead. Doesn't sound like a score of 95/96 "tells" me everything I need to know about the stocks. Katherine >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] XRAY and CECO Date: 25 Aug 2002 21:28:08 EDT Katherine: If this is true, than aren't you compromising WON's dictum that a 3rd, 4th or 5th stage of a stock's base is in the danger zone. Or, in your experience, do ascending bases have not so many bases as to reach the 3rd, 4th or 5th base-danger zone? jans In a message dated 8/12/2002 9:53:03 PM Eastern Daylight Time, kmalm@earthlink.net writes: << There's actually no such thing, as "ascending base" is a very particular kind of conolidation in the stock's move. In general, a stock will rise, then pause (base), rise, then pause, rise, then pause, and so on. As long as the rise between consolidations is at least 25%, the next area of consolidation is considered a new stage base.... >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] XRAY and CECO Date: 25 Aug 2002 20:43:53 -0500 Hi jans, Here I was trying to distinguish between a "stock on the rise" that rises >=25% then forms a valid base between each rise (where counting the bases comes in) and a *type* of base referred to as the ascending base. So, no, was not saying anything different than what WON says on base count. There's quite a few follow-on emails to this one with some links included.... that should clear it up. Katherine ----- Original Message ----- Sent: Sunday, August 25, 2002 8:28 PM | Katherine: | | If this is true, than aren't you compromising WON's dictum that a 3rd, | 4th or 5th stage of a stock's base is in the danger zone. Or, in your | experience, do ascending bases have not so many bases as to reach the 3rd, | 4th or 5th base-danger zone? | | jans | | | In a message dated 8/12/2002 9:53:03 PM Eastern Daylight Time, | kmalm@earthlink.net writes: | | << There's actually no such thing, as "ascending base" is a very particular | kind of conolidation in the stock's move. In general, a stock will rise, then | pause (base), rise, then pause, rise, then pause, and so on. As long as the | rise between consolidations is at least 25%, the next area of consolidation | is considered a new stage base.... >> | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] for DGO Users (was Fw: Conseco [T20020813002H]) Date: 25 Aug 2002 21:46:01 EDT Tom: Why would you want to adjust the price scale weekly chart from log to arithmetic? WON says that log on the weekly chart reveals more as far as climax runs and base falls. What more does the chart say in arithmetic form than in log form? jans In a message dated 8/12/2002 10:13:44 PM Eastern Daylight Time, stkguru@bellsouth.net writes: << Hello Tom, Thank you for your recent email to Daily Graphs Online. We recently added a Price Scale-Alternate option under the Tools button. If you select this option when viewing a weekly chart, the price scale will adjust to correctly plot the whole chart. Please access and select this option and you will see that CNC will display properly. If you have any other questions or comments, feel free to email us back. Regards, Jorge Daily Graphs Online www.dailygraphs.com -----Original Message----- Sender : stkguru@bellsouth.net Tracking Number : T20020813002HZ1330131 Pool : Daily Graphs Online Sent to : "DGOnline Customer Service" Date : 8/12/02 6:26 PM --- You really need to adjust the price scale on the weekly chart of CNC, as it is now, it is pretty useless Tom Worley >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] for DGO Users (was Fw: Conseco [T20020813002H]) Date: 25 Aug 2002 22:01:45 -0400 I didn't want it adjusted to arithmetic, I wanted the scale (whether log or arithmetic) adjusted so the entire chart was on the screen instead of running off the top or bottom. ----- Original Message ----- Sent: Sunday, August 25, 2002 9:46 PM Tom: Why would you want to adjust the price scale weekly chart from log to arithmetic? WON says that log on the weekly chart reveals more as far as climax runs and base falls. What more does the chart say in arithmetic form than in log form? jans In a message dated 8/12/2002 10:13:44 PM Eastern Daylight Time, stkguru@bellsouth.net writes: << Hello Tom, Thank you for your recent email to Daily Graphs Online. We recently added a Price Scale-Alternate option under the Tools button. If you select this option when viewing a weekly chart, the price scale will adjust to correctly plot the whole chart. Please access and select this option and you will see that CNC will display properly. If you have any other questions or comments, feel free to email us back. Regards, Jorge Daily Graphs Online www.dailygraphs.com -----Original Message----- Sender : stkguru@bellsouth.net Tracking Number : T20020813002HZ1330131 Pool : Daily Graphs Online Sent to : "DGOnline Customer Service" Date : 8/12/02 6:26 PM --- You really need to adjust the price scale on the weekly chart of CNC, as it is now, it is pretty useless Tom Worley >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 25 Aug 2002 20:31:13 -0700 The online "Big Money's Flowing Now" is interactive meaning it may change during the day. If a bunch of trades are driving the listed stock up in the morning but the sellers come in during the afternoon, they may pull it from the list. The paper version is just for the previous day. -Bill ----- Original Message ----- Sent: Saturday, August 24, 2002 11:24 PM > You people are awesome! > > You really are on track with what's happening with IBD, CANSLIM and the > Market! > > Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the "Where > The Big Money's Flowing Now" on Investors.com match "Where The Big Money's > Flowing" from IBD. I realize that they only show the top seven up and down > but there has been several occasions that I've looked at the Investors.com > list and there were some symbols omitted or added that didn't show in IBD or > visa-versa. So which one is right? I read that they use the same screen. > > You know, I'll bet ya I'll get some kind of an answer from this group! And > this is why we all like this group so much. > > (JC) > > I really don't care if its a right answer, at least I feel like I'm not > loosing it. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 25 Aug 2002 07:35:20 -0400 John, I don't subscribe to IBD or use their site, so no first hand experience. But from other similar discrepancies members have found, have you tried looking at the day before or after to see if they would match for a different day? The rush to get the paper into print may mean the net site is updated with later data. ----- Original Message ----- Sent: Sunday, August 25, 2002 2:24 AM You people are awesome! You really are on track with what's happening with IBD, CANSLIM and the Market! Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the "Where The Big Money's Flowing Now" on Investors.com match "Where The Big Money's Flowing" from IBD. I realize that they only show the top seven up and down but there has been several occasions that I've looked at the Investors.com list and there were some symbols omitted or added that didn't show in IBD or visa-versa. So which one is right? I read that they use the same screen. You know, I'll bet ya I'll get some kind of an answer from this group! And this is why we all like this group so much. (JC) I really don't care if its a right answer, at least I feel like I'm not loosing it. ----- Original Message ----- Sent: Saturday, August 24, 2002 9:00 PM > Bill, just don't hold your breath waiting for an answer!! > > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Sunday, August 25, 2002 12:23 AM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Well... this is the one I just sent "Ask Bill" > > "Hey Bill, why don't you or your associates speak up during our discussions > at canslim@lists.xmission.com ? We'd sure like to get some input from you > directly as you seem to only post OUR discussion topics in YOUR paper". > > One problem I could see with the very distant scenario of participating with > this group is they would be FLOODED with questions as they're considered by > most here to be experts in canslim. > > Maybe IBD will try to buy this list to offer it as a $$$ service to > subscribers? (ggg) > > Hope we get grandfathered in...(g) > > -Bill > > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Saturday, August 24, 2002 7:41 PM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > maybe while we weren't looking, we became the last CANSLIMers out there. So > they have to glean from our discussions just to have someone left to "Ask > Bill". Then again, maybe they just want to tackle the soft questions. > > Maybe what we should do is every member flood IBD with "Ask Bill" questions, > and see if any get published from real people we actually know, instead of > an unnamed person from Texarkana or wherever. > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Saturday, August 24, 2002 10:32 PM > Subject: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Here is today's "Ask Bill" column. Sound familiar? > > Question: Can you please define "swing trader"? > > > > - Submitted from Texarkana, Texas > > > > > Answer: A swing trader is one who trades short-term "swings" in the market, > stocks, options, etc. that last anywhere from a few days to just a few > weeks. > > > > I'd sure like to know why so often these questions are exactly the same > topics that appear on our email list. Why pick up on stuff like this and > make up bogus "Ask Bills" when I've still got at least 2 questions asked of > them and never answered (I'm sure there are others who've written questions > that aren't answered). > > For example, why the heck does the IBD calculate the ROE based on the > average of 2 years data? Huh? Since when did anybody use 2 years for such a > measurement? > > Here's the Ask Bill I'm referring to (highlighting is mine): > > Ask Bill O'Neil Archives > Wednesday, August 21, 2002 > > "Why is it some stocks showing accelerating earnings and sales growth still > have relatively low return on equity? Would you make an exception to your > rule of buying stocks with ROE of 17% or better?" > - Submitted from Montgomery, Texas > > One possible reason is the fact that IBD's measure of ROE (return on equity) > takes an average of the ROE over the past two fiscal years. If a company > posted weak earnings or a loss in the previous year, that would dilute its > ROE. Also keep in mind that ROE measures total operating earnings divided by > shareholders' equity. So even when the year-over-year EPS growth is > accelerating, if earnings per share are small (say, only 4 or 8 cents), it > may result in a relatively small numerator in the ROE equation. This is why > the best growth companies with strong ROE tend to show strong growth over > several years, not just in a number of quarters. Regarding the rule of > having ROE of at least 17%, keep in mind that some of the best stocks had an > ROE less than that, including Emulex (8% before its big price run-up > beginning in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm > (8%). But on average, the best stocks during the 1997-2000 period sported an > average ROE of 23%. > > > --Katherine > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 25 Aug 2002 22:17:28 -0700 Hi Tom, I was careful to look at a Mondays paper or Fridays close. Twice I found that the paper did not match some of the symbols. I'll pay attention to it again and compare to see if it keeps coming up. Its just that I type in the list of WTBMF on both exchanges daily and this is where I start my screens. It's a little disheartening to find that they omit a few from time to time from the paper that show up on Investors. If you don't use IBD, how do you find the big daily volume movers or the elephants as WON calls them? (JC) ----- Original Message ----- Sent: Sunday, August 25, 2002 4:35 AM > John, I don't subscribe to IBD or use their site, so no first hand > experience. But from other similar discrepancies members have found, have > you tried looking at the day before or after to see if they would match for > a different day? The rush to get the paper into print may mean the net site > is updated with later data. > > ----- Original Message ----- > From: "John Calkins" > To: > Sent: Sunday, August 25, 2002 2:24 AM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > You people are awesome! > > You really are on track with what's happening with IBD, CANSLIM and the > Market! > > Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the "Where > The Big Money's Flowing Now" on Investors.com match "Where The Big Money's > Flowing" from IBD. I realize that they only show the top seven up and down > but there has been several occasions that I've looked at the Investors.com > list and there were some symbols omitted or added that didn't show in IBD or > visa-versa. So which one is right? I read that they use the same screen. > > You know, I'll bet ya I'll get some kind of an answer from this group! And > this is why we all like this group so much. > > (JC) > > I really don't care if its a right answer, at least I feel like I'm not > loosing it. > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Saturday, August 24, 2002 9:00 PM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Bill, just don't hold your breath waiting for an answer!! > > > > ----- Original Message ----- > > From: "Bill Triffet" > > To: > > Sent: Sunday, August 25, 2002 12:23 AM > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > Well... this is the one I just sent "Ask Bill" > > > > "Hey Bill, why don't you or your associates speak up during our > discussions > > at canslim@lists.xmission.com ? We'd sure like to get some input from you > > directly as you seem to only post OUR discussion topics in YOUR paper". > > > > One problem I could see with the very distant scenario of participating > with > > this group is they would be FLOODED with questions as they're considered > by > > most here to be experts in canslim. > > > > Maybe IBD will try to buy this list to offer it as a $$$ service to > > subscribers? (ggg) > > > > Hope we get grandfathered in...(g) > > > > -Bill > > > > > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Saturday, August 24, 2002 7:41 PM > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > maybe while we weren't looking, we became the last CANSLIMers out there. > So > > they have to glean from our discussions just to have someone left to "Ask > > Bill". Then again, maybe they just want to tackle the soft questions. > > > > Maybe what we should do is every member flood IBD with "Ask Bill" > questions, > > and see if any get published from real people we actually know, instead of > > an unnamed person from Texarkana or wherever. > > > > ----- Original Message ----- > > From: Katherine Malm > > To: canslim@lists.xmission.com > > Sent: Saturday, August 24, 2002 10:32 PM > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > Here is today's "Ask Bill" column. Sound familiar? > > > > Question: Can you please define "swing trader"? > > > > > > > > - Submitted from Texarkana, Texas > > > > > > > > > > Answer: A swing trader is one who trades short-term "swings" in the > market, > > stocks, options, etc. that last anywhere from a few days to just a few > > weeks. > > > > > > > > I'd sure like to know why so often these questions are exactly the same > > topics that appear on our email list. Why pick up on stuff like this and > > make up bogus "Ask Bills" when I've still got at least 2 questions asked > of > > them and never answered (I'm sure there are others who've written > questions > > that aren't answered). > > > > For example, why the heck does the IBD calculate the ROE based on the > > average of 2 years data? Huh? Since when did anybody use 2 years for such > a > > measurement? > > > > Here's the Ask Bill I'm referring to (highlighting is mine): > > > > Ask Bill O'Neil Archives > > Wednesday, August 21, 2002 > > > > "Why is it some stocks showing accelerating earnings and sales growth > still > > have relatively low return on equity? Would you make an exception to your > > rule of buying stocks with ROE of 17% or better?" > > - Submitted from Montgomery, Texas > > > > One possible reason is the fact that IBD's measure of ROE (return on > equity) > > takes an average of the ROE over the past two fiscal years. If a company > > posted weak earnings or a loss in the previous year, that would dilute its > > ROE. Also keep in mind that ROE measures total operating earnings divided > by > > shareholders' equity. So even when the year-over-year EPS growth is > > accelerating, if earnings per share are small (say, only 4 or 8 cents), it > > may result in a relatively small numerator in the ROE equation. This is > why > > the best growth companies with strong ROE tend to show strong growth over > > several years, not just in a number of quarters. Regarding the rule of > > having ROE of at least 17%, keep in mind that some of the best stocks had > an > > ROE less than that, including Emulex (8% before its big price run-up > > beginning in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm > > (8%). But on average, the best stocks during the 1997-2000 period sported > an > > average ROE of 23%. > > > > > > --Katherine > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 26 Aug 2002 06:40:43 -0400 John, I don't run with the elephants, so big money flow is not important to me other than as a comment on "M" ----- Original Message ----- Sent: Monday, August 26, 2002 1:17 AM Hi Tom, I was careful to look at a Mondays paper or Fridays close. Twice I found that the paper did not match some of the symbols. I'll pay attention to it again and compare to see if it keeps coming up. Its just that I type in the list of WTBMF on both exchanges daily and this is where I start my screens. It's a little disheartening to find that they omit a few from time to time from the paper that show up on Investors. If you don't use IBD, how do you find the big daily volume movers or the elephants as WON calls them? (JC) ----- Original Message ----- Sent: Sunday, August 25, 2002 4:35 AM > John, I don't subscribe to IBD or use their site, so no first hand > experience. But from other similar discrepancies members have found, have > you tried looking at the day before or after to see if they would match for > a different day? The rush to get the paper into print may mean the net site > is updated with later data. > > ----- Original Message ----- > From: "John Calkins" > To: > Sent: Sunday, August 25, 2002 2:24 AM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > You people are awesome! > > You really are on track with what's happening with IBD, CANSLIM and the > Market! > > Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the "Where > The Big Money's Flowing Now" on Investors.com match "Where The Big Money's > Flowing" from IBD. I realize that they only show the top seven up and down > but there has been several occasions that I've looked at the Investors.com > list and there were some symbols omitted or added that didn't show in IBD or > visa-versa. So which one is right? I read that they use the same screen. > > You know, I'll bet ya I'll get some kind of an answer from this group! And > this is why we all like this group so much. > > (JC) > > I really don't care if its a right answer, at least I feel like I'm not > loosing it. > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Saturday, August 24, 2002 9:00 PM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Bill, just don't hold your breath waiting for an answer!! > > > > ----- Original Message ----- > > From: "Bill Triffet" > > To: > > Sent: Sunday, August 25, 2002 12:23 AM > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > Well... this is the one I just sent "Ask Bill" > > > > "Hey Bill, why don't you or your associates speak up during our > discussions > > at canslim@lists.xmission.com ? We'd sure like to get some input from you > > directly as you seem to only post OUR discussion topics in YOUR paper". > > > > One problem I could see with the very distant scenario of participating > with > > this group is they would be FLOODED with questions as they're considered > by > > most here to be experts in canslim. > > > > Maybe IBD will try to buy this list to offer it as a $$$ service to > > subscribers? (ggg) > > > > Hope we get grandfathered in...(g) > > > > -Bill > > > > > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Saturday, August 24, 2002 7:41 PM > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > maybe while we weren't looking, we became the last CANSLIMers out there. > So > > they have to glean from our discussions just to have someone left to "Ask > > Bill". Then again, maybe they just want to tackle the soft questions. > > > > Maybe what we should do is every member flood IBD with "Ask Bill" > questions, > > and see if any get published from real people we actually know, instead of > > an unnamed person from Texarkana or wherever. > > > > ----- Original Message ----- > > From: Katherine Malm > > To: canslim@lists.xmission.com > > Sent: Saturday, August 24, 2002 10:32 PM > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > Here is today's "Ask Bill" column. Sound familiar? > > > > Question: Can you please define "swing trader"? > > > > > > > > - Submitted from Texarkana, Texas > > > > > > > > > > Answer: A swing trader is one who trades short-term "swings" in the > market, > > stocks, options, etc. that last anywhere from a few days to just a few > > weeks. > > > > > > > > I'd sure like to know why so often these questions are exactly the same > > topics that appear on our email list. Why pick up on stuff like this and > > make up bogus "Ask Bills" when I've still got at least 2 questions asked > of > > them and never answered (I'm sure there are others who've written > questions > > that aren't answered). > > > > For example, why the heck does the IBD calculate the ROE based on the > > average of 2 years data? Huh? Since when did anybody use 2 years for such > a > > measurement? > > > > Here's the Ask Bill I'm referring to (highlighting is mine): > > > > Ask Bill O'Neil Archives > > Wednesday, August 21, 2002 > > > > "Why is it some stocks showing accelerating earnings and sales growth > still > > have relatively low return on equity? Would you make an exception to your > > rule of buying stocks with ROE of 17% or better?" > > - Submitted from Montgomery, Texas > > > > One possible reason is the fact that IBD's measure of ROE (return on > equity) > > takes an average of the ROE over the past two fiscal years. If a company > > posted weak earnings or a loss in the previous year, that would dilute its > > ROE. Also keep in mind that ROE measures total operating earnings divided > by > > shareholders' equity. So even when the year-over-year EPS growth is > > accelerating, if earnings per share are small (say, only 4 or 8 cents), it > > may result in a relatively small numerator in the ROE equation. This is > why > > the best growth companies with strong ROE tend to show strong growth over > > several years, not just in a number of quarters. Regarding the rule of > > having ROE of at least 17%, keep in mind that some of the best stocks had > an > > ROE less than that, including Emulex (8% before its big price run-up > > beginning in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm > > (8%). But on average, the best stocks during the 1997-2000 period sported > an > > average ROE of 23%. > > > > > > --Katherine > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 26 Aug 2002 06:41:32 -0500 There is a similar phenomenon that happens with the Industry Group ranks. The ranking that is printed in the Wednesday-Monday papers has in the past contained errors because they run this through very quickly, immediately after M close, trying to meet the printing deadline. The Tuesday issue is the only one that doesn't have the short deadline and so has the only "double-checked" accurate group rankings. If you want accurate group rankings use the Tuesday issue. I have no idea if this is reflected in DGO. Norm ----- Original Message ----- Sent: Sunday, August 25, 2002 6:35 AM > John, I don't subscribe to IBD or use their site, so no first hand > experience. But from other similar discrepancies members have found, have > you tried looking at the day before or after to see if they would match for > a different day? The rush to get the paper into print may mean the net site > is updated with later data. > > ----- Original Message ----- > From: "John Calkins" > To: > Sent: Sunday, August 25, 2002 2:24 AM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > You people are awesome! > > You really are on track with what's happening with IBD, CANSLIM and the > Market! > > Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the "Where > The Big Money's Flowing Now" on Investors.com match "Where The Big Money's > Flowing" from IBD. I realize that they only show the top seven up and down > but there has been several occasions that I've looked at the Investors.com > list and there were some symbols omitted or added that didn't show in IBD or > visa-versa. So which one is right? I read that they use the same screen. > > You know, I'll bet ya I'll get some kind of an answer from this group! And > this is why we all like this group so much. > > (JC) > > I really don't care if its a right answer, at least I feel like I'm not > loosing it. > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Saturday, August 24, 2002 9:00 PM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Bill, just don't hold your breath waiting for an answer!! > > > > ----- Original Message ----- > > From: "Bill Triffet" > > To: > > Sent: Sunday, August 25, 2002 12:23 AM > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > Well... this is the one I just sent "Ask Bill" > > > > "Hey Bill, why don't you or your associates speak up during our > discussions > > at canslim@lists.xmission.com ? We'd sure like to get some input from you > > directly as you seem to only post OUR discussion topics in YOUR paper". > > > > One problem I could see with the very distant scenario of participating > with > > this group is they would be FLOODED with questions as they're considered > by > > most here to be experts in canslim. > > > > Maybe IBD will try to buy this list to offer it as a $$$ service to > > subscribers? (ggg) > > > > Hope we get grandfathered in...(g) > > > > -Bill > > > > > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Saturday, August 24, 2002 7:41 PM > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > maybe while we weren't looking, we became the last CANSLIMers out there. > So > > they have to glean from our discussions just to have someone left to "Ask > > Bill". Then again, maybe they just want to tackle the soft questions. > > > > Maybe what we should do is every member flood IBD with "Ask Bill" > questions, > > and see if any get published from real people we actually know, instead of > > an unnamed person from Texarkana or wherever. > > > > ----- Original Message ----- > > From: Katherine Malm > > To: canslim@lists.xmission.com > > Sent: Saturday, August 24, 2002 10:32 PM > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > > > > Here is today's "Ask Bill" column. Sound familiar? > > > > Question: Can you please define "swing trader"? > > > > > > > > - Submitted from Texarkana, Texas > > > > > > > > > > Answer: A swing trader is one who trades short-term "swings" in the > market, > > stocks, options, etc. that last anywhere from a few days to just a few > > weeks. > > > > > > > > I'd sure like to know why so often these questions are exactly the same > > topics that appear on our email list. Why pick up on stuff like this and > > make up bogus "Ask Bills" when I've still got at least 2 questions asked > of > > them and never answered (I'm sure there are others who've written > questions > > that aren't answered). > > > > For example, why the heck does the IBD calculate the ROE based on the > > average of 2 years data? Huh? Since when did anybody use 2 years for such > a > > measurement? > > > > Here's the Ask Bill I'm referring to (highlighting is mine): > > > > Ask Bill O'Neil Archives > > Wednesday, August 21, 2002 > > > > "Why is it some stocks showing accelerating earnings and sales growth > still > > have relatively low return on equity? Would you make an exception to your > > rule of buying stocks with ROE of 17% or better?" > > - Submitted from Montgomery, Texas > > > > One possible reason is the fact that IBD's measure of ROE (return on > equity) > > takes an average of the ROE over the past two fiscal years. If a company > > posted weak earnings or a loss in the previous year, that would dilute its > > ROE. Also keep in mind that ROE measures total operating earnings divided > by > > shareholders' equity. So even when the year-over-year EPS growth is > > accelerating, if earnings per share are small (say, only 4 or 8 cents), it > > may result in a relatively small numerator in the ROE equation. This is > why > > the best growth companies with strong ROE tend to show strong growth over > > several years, not just in a number of quarters. Regarding the rule of > > having ROE of at least 17%, keep in mind that some of the best stocks had > an > > ROE less than that, including Emulex (8% before its big price run-up > > beginning in December 1998), Millennium Pharmaceuticals (7%) and Qualcomm > > (8%). But on average, the best stocks during the 1997-2000 period sported > an > > average ROE of 23%. > > > > > > --Katherine > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] TradingMarkets Date: 26 Aug 2002 12:09:28 -0500 Thanks Katherine Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel Sent: Sunday, August 25, 2002 2:51 PM Ed, I just visited the site and I can't locate a link to subscription info. Can you help? Thanks. Warren "Edward W. Gjertsen II" wrote: > To all on the list - if you are serious about investing/trading - > tradingmarkets is one of the best sites around. We have been > subscribers for quite some time and continue to find new ways to learn > from them. The education tutorials are amazing. Greg Kuhn used to be a > contributor and he has/had a complete lesson plan on C&H formations. > Very informative. There are other lesson plans from top investment > professionals that anyone on this line can benefit from. I believe > Katherine is very familiar with Mark Boucher whose own lesson plan on > Tradingmarkets.com is phenomenal. Probably one of the most succinct > tutorials available. No - I am not affiliated with TM but I am one of > their most ardent supporters. > > Ed Gjertsen II > ed@macktracks.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 26 Aug 2002 13:25:26 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0387_01C24D04.09E5D3A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Norm, I double checked on this before responding, but the Group RS ratings = displayed on the DGO charts are updated daily just after close. The = report which allows export of these values is available in one of the = reports updated on Saturday. (DailyGraphs Printed Product Company = Index). Katherine Here is DGO's response to my inquiry: ----- Original Message -----=20 Sent: Monday, August 26, 2002 1:15 PM Hi Katherine, David has stepped out of the office so please allow me to assist you. = The Group RS numerical rating on the Weekly chart updates every day = between 3:00 and 3:30 PM PST. We actually update our SmartSelect data = items (RS, EPS, Acc/Dis, SMR, GroupRS) each day just a couple of hours = after the close. All of our other data items update later in the = evening. Please feel free to email us if you have any other questions or = comments. Best regards, John Daily Graphs Online ----- Original Message -----=20 Sent: Monday, August 26, 2002 6:41 AM questions? | There is a similar phenomenon that happens with the Industry Group = ranks. | The ranking that is printed in the Wednesday-Monday papers has in the = past | contained errors because they run this through very quickly, = immediately | after M close, trying to meet the printing deadline. The Tuesday = issue is | the only one that doesn't have the short deadline and so has the only | "double-checked" accurate group rankings. If you want accurate group | rankings use the Tuesday issue. I have no idea if this is reflected = in DGO. |=20 | Norm |=20 | ----- Original Message ----- | From: "Tom Worley" | To: | Sent: Sunday, August 25, 2002 6:35 AM | Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? |=20 |=20 | > John, I don't subscribe to IBD or use their site, so no first hand | > experience. But from other similar discrepancies members have found, = have | > you tried looking at the day before or after to see if they would = match | for | > a different day? The rush to get the paper into print may mean the = net | site | > is updated with later data. | > | > ----- Original Message ----- | > From: "John Calkins" | > To: | > Sent: Sunday, August 25, 2002 2:24 AM | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? | > | > You people are awesome! | > | > You really are on track with what's happening with IBD, CANSLIM and = the | > Market! | > | > Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the = "Where | > The Big Money's Flowing Now" on Investors.com match "Where The Big = Money's | > Flowing" from IBD. I realize that they only show the top seven up = and | down | > but there has been several occasions that I've looked at the = Investors.com | > list and there were some symbols omitted or added that didn't show = in IBD | or | > visa-versa. So which one is right? I read that they use the same = screen. | > | > You know, I'll bet ya I'll get some kind of an answer from this = group! | And | > this is why we all like this group so much. | > | > (JC) | > | > I really don't care if its a right answer, at least I feel like I'm = not | > loosing it. | > | > ----- Original Message ----- | > From: "Tom Worley" | > To: | > Sent: Saturday, August 24, 2002 9:00 PM | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? | > | > > Bill, just don't hold your breath waiting for an answer!! | > > | > > ----- Original Message ----- | > > From: "Bill Triffet" | > > To: | > > Sent: Sunday, August 25, 2002 12:23 AM | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these | questions? | > > | > > | > > Well... this is the one I just sent "Ask Bill" | > > | > > "Hey Bill, why don't you or your associates speak up during our | > discussions | > > at canslim@lists.xmission.com ? We'd sure like to get some input = from | you | > > directly as you seem to only post OUR discussion topics in YOUR = paper". | > > | > > One problem I could see with the very distant scenario of = participating | > with | > > this group is they would be FLOODED with questions as they're = considered | > by | > > most here to be experts in canslim. | > > | > > Maybe IBD will try to buy this list to offer it as a $$$ service = to | > > subscribers? (ggg) | > > | > > Hope we get grandfathered in...(g) | > > | > > -Bill | > > | > > | > > | > > ----- Original Message ----- | > > From: "Tom Worley" | > > To: | > > Sent: Saturday, August 24, 2002 7:41 PM | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these | questions? | > > | > > | > > maybe while we weren't looking, we became the last CANSLIMers out = there. | > So | > > they have to glean from our discussions just to have someone left = to | "Ask | > > Bill". Then again, maybe they just want to tackle the soft = questions. | > > | > > Maybe what we should do is every member flood IBD with "Ask Bill" | > questions, | > > and see if any get published from real people we actually know, = instead | of | > > an unnamed person from Texarkana or wherever. | > > | > > ----- Original Message ----- | > > From: Katherine Malm | > > To: canslim@lists.xmission.com | > > Sent: Saturday, August 24, 2002 10:32 PM | > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these = questions? | > > | > > | > > Here is today's "Ask Bill" column. Sound familiar? | > > | > > Question: Can you please define "swing trader"? | > > | > > | > > | > > - Submitted from Texarkana, Texas | > > | > > | > > | > > | > > Answer: A swing trader is one who trades short-term "swings" in = the | > market, | > > stocks, options, etc. that last anywhere from a few days to just a = few | > > weeks. | > > | > > | > > | > > I'd sure like to know why so often these questions are exactly the = same | > > topics that appear on our email list. Why pick up on stuff like = this and | > > make up bogus "Ask Bills" when I've still got at least 2 questions = asked | > of | > > them and never answered (I'm sure there are others who've written | > questions | > > that aren't answered). | > > | > > For example, why the heck does the IBD calculate the ROE based on = the | > > average of 2 years data? Huh? Since when did anybody use 2 years = for | such | > a | > > measurement? | > > | > > Here's the Ask Bill I'm referring to (highlighting is mine): | > > | > > Ask Bill O'Neil Archives | > > Wednesday, August 21, 2002 | > > | > > "Why is it some stocks showing accelerating earnings and sales = growth | > still | > > have relatively low return on equity? Would you make an exception = to | your | > > rule of buying stocks with ROE of 17% or better?" | > > - Submitted from Montgomery, Texas | > > | > > One possible reason is the fact that IBD's measure of ROE (return = on | > equity) | > > takes an average of the ROE over the past two fiscal years. If a = company | > > posted weak earnings or a loss in the previous year, that would = dilute | its | > > ROE. Also keep in mind that ROE measures total operating earnings | divided | > by | > > shareholders' equity. So even when the year-over-year EPS growth = is | > > accelerating, if earnings per share are small (say, only 4 or 8 = cents), | it | > > may result in a relatively small numerator in the ROE equation. = This is | > why | > > the best growth companies with strong ROE tend to show strong = growth | over | > > several years, not just in a number of quarters. Regarding the = rule of | > > having ROE of at least 17%, keep in mind that some of the best = stocks | had | > an | > > ROE less than that, including Emulex (8% before its big price = run-up | > > beginning in December 1998), Millennium Pharmaceuticals (7%) and | Qualcomm | > > (8%). But on average, the best stocks during the 1997-2000 period | sported | > an | > > average ROE of 23%. | > > | > > | > > --Katherine | > > | > > | > > | > > - | > > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > > -In the email body, write "subscribe canslim" or | > > -"unsubscribe canslim". Do not use quotes in your email. | > > | > > | > > | > > | > > - | > > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > > -In the email body, write "subscribe canslim" or | > > -"unsubscribe canslim". Do not use quotes in your email. | > > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0387_01C24D04.09E5D3A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Norm,
 
I double checked on this before responding, but the Group RS = ratings=20 displayed on the DGO charts are updated daily just after close. The = report which=20 allows export of these values is available in one of the reports updated = on=20 Saturday. (DailyGraphs Printed Product Company Index).
 
Katherine
 
Here is DGO's response to my inquiry:
----- Original Message -----=20
From: Custserv@dailygraphs.com =
Sent: Monday, August 26, 2002 1:15 PM
Subject: Re: Group RS Ratings [T20020826007X]

Hi Katherine,

David has stepped out of the office = so please=20 allow me to assist you.  The Group RS = numerical=20 rating on the Weekly chart updates every day=20 between 3:00 and=20 3:30 PM = PST.  We actually update our SmartSelect data items (RS, = EPS,=20 Acc/Dis, SMR, GroupRS) each=20 day just a couple = of hours after the close.  All = of our=20 other data items = update later in=20 the evening.

Please feel free to email us if you = have any=20 other questions or comments.

Best regards,

John

Daily Graphs Online

----- Original Message -----=20
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com= >
Sent: Monday, August 26, 2002 6:41 AM
Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these=20 questions?

| There is a similar phenomenon that happens with the = Industry=20 Group ranks.
| The ranking that is printed in the Wednesday-Monday = papers has=20 in the past
| contained errors because they run this through very = quickly,=20 immediately
| after M close, trying to meet the printing = deadline.  The=20 Tuesday issue is
| the only one that doesn't have the short deadline = and so=20 has the only
| "double-checked" accurate group rankings.  If you = want=20 accurate group
| rankings use the Tuesday issue.  I have no idea = if this=20 is reflected in DGO.
|
| Norm
|
| ----- Original Message=20 -----
| From: "Tom Worley" <stkguru@bellsouth.net>
| = <canslim@lists.xmission.com= >
|=20 Sent: Sunday, August 25, 2002 6:35 AM
| Subject: Re: [CANSLIM] Ask = Bill--Does=20 anybody really ask these questions?
|
|
| > John, I don't=20 subscribe to IBD or use their site, so no first hand
| > = experience. But=20 from other similar discrepancies members have found, have
| > you = tried=20 looking at the day before or after to see if they would match
| = for
| >=20 a different day? The rush to get the paper into print may mean the = net
|=20 site
| > is updated with later data.
| >
| > ----- = Original=20 Message -----
| > From: "John Calkins" <jcalkins@olypen.com>
| = > To:=20 <canslim@lists.xmission.com= >
|=20 > Sent: Sunday, August 25, 2002 2:24 AM
| > Subject: Re: = [CANSLIM] Ask=20 Bill--Does anybody really ask these questions?
| >
| > You = people=20 are awesome!
| >
| > You really are on track with what's = happening=20 with IBD, CANSLIM and the
| > Market!
| >
| > Two = weeks ago I=20 "Asked Bill" but got no answer to:  Why doesn't the "Where
| = > The=20 Big Money's Flowing Now" on Investors.com match "Where The Big = Money's
| >=20 Flowing" from IBD.  I realize that they only show the top seven up = and
|=20 down
| > but there has been several occasions that I've looked at = the=20 Investors.com
| > list and there were some symbols omitted or = added that=20 didn't show in IBD
| or
| > visa-versa. So which one is = right?  I=20 read that they use the same screen.
| >
| > You know, I'll = bet ya=20 I'll get some kind of an answer from this group!
| And
| > this = is why=20 we all like this group so much.
| >
| > (JC)
| >
| = > I=20 really don't care if its a right answer, at least I feel like I'm = not
| >=20 loosing it.
| >
| > ----- Original Message -----
| > = "Tom Worley" <stkguru@bellsouth.net>
| = > To:=20 <canslim@lists.xmission.com= >
|=20 > Sent: Saturday, August 24, 2002 9:00 PM
| > Subject: Re: = [CANSLIM]=20 Ask Bill--Does anybody really ask these questions?
| >
| > = >=20 Bill, just don't hold your breath waiting for an answer!!
| > = >
|=20 > > ----- Original Message -----
| > > From: "Bill = Triffet"=20 <btriffet@earthlink.net>
= |=20 > > To: <canslim@lists.xmission.com= >
|=20 > > Sent: Sunday, August 25, 2002 12:23 AM
| > > Subject: = Re:=20 [CANSLIM] Ask Bill--Does anybody really ask these
| questions?
| = >=20 >
| > >
| > > Well... this is the one I just = sent =20 "Ask Bill"
| > >
| > > "Hey Bill, why don't you or = your=20 associates speak up during our
| > discussions
| > > at = canslim@lists.xmission.com= ? We'd=20 sure like to get some input from
| you
| > > directly as you = seem to=20 only post OUR discussion topics in YOUR paper".
| > >
| > = >=20 One problem I could see with the very distant scenario of = participating
|=20 > with
| > > this group is they would be FLOODED with = questions as=20 they're considered
| > by
| > > most here to be experts = in=20 canslim.
| > >
| > > Maybe IBD will try to buy this = list to=20 offer it as a $$$ service to
| > > subscribers? (ggg)
| > = >
| > > Hope we get grandfathered in...(g)
| > = >
| >=20 > -Bill
| > >
| > >
| > >
| > > = -----=20 Original Message -----
| > > From: "Tom Worley" <stkguru@bellsouth.net>
| = > >=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com= >
|=20 > > Sent: Saturday, August 24, 2002 7:41 PM
| > > = [CANSLIM] Ask Bill--Does anybody really ask these
| questions?
| = >=20 >
| > >
| > > maybe while we weren't looking, we = became the=20 last CANSLIMers out there.
| > So
| > > they have to = glean from=20 our discussions just to have someone left to
| "Ask
| > > = Bill".=20 Then again, maybe they just want to tackle the soft questions.
| > = >
| > > Maybe what we should do is every member flood IBD = with "Ask=20 Bill"
| > questions,
| > > and see if any get published = from real=20 people we actually know, instead
| of
| > > an unnamed = person from=20 Texarkana or wherever.
| > >
| > > ----- Original = Message=20 -----
| > > From: Katherine Malm
| > > To: canslim@lists.xmission.com=
|=20 > > Sent: Saturday, August 24, 2002 10:32 PM
| > > = [CANSLIM] Ask Bill--Does anybody really ask these questions?
| > = >
|=20 > >
| > > Here is today's "Ask Bill" column. Sound = familiar?
|=20 > >
| > > Question: Can you please define "swing = trader"?
|=20 > >
| > >
| > >
| > > - Submitted from=20 Texarkana, Texas
| > >
| > >
| > >
| >=20 >
| > >  Answer: A swing trader is one who trades = short-term=20 "swings" in the
| > market,
| > > stocks, options, etc. = that last=20 anywhere from a few days to just a few
| > > weeks.
| > = >
|=20 > >
| > >
| > > I'd sure like to know why so = often these=20 questions are exactly the same
| > > topics that appear on our = email=20 list. Why pick up on stuff like this and
| > > make up bogus = "Ask=20 Bills" when I've still got at least 2 questions asked
| > of
| = >=20 > them and never answered (I'm sure there are others who've = written
| >=20 questions
| > > that aren't answered).
| > >
| > = >=20 For example, why the heck does the IBD calculate the ROE based on = the
| >=20 > average of 2 years data? Huh? Since when did anybody use 2 years = for
|=20 such
| > a
| > > measurement?
| > >
| > = >=20 Here's the Ask Bill I'm referring to (highlighting is mine):
| > = >
|=20 > > Ask Bill O'Neil Archives
| > > Wednesday, August 21,=20 2002
| > >
| > > "Why is it some stocks showing = accelerating=20 earnings and sales growth
| > still
| > > have relatively = low=20 return on equity? Would you make an exception to
| your
| > = > rule=20 of buying stocks with ROE of 17% or better?"
| > > - Submitted = from=20 Montgomery, Texas
| > >
| > > One possible reason is = the fact=20 that IBD's measure of ROE (return on
| > equity)
| > > = takes an=20 average of the ROE over the past two fiscal years. If a company
| = > >=20 posted weak earnings or a loss in the previous year, that would = dilute
|=20 its
| > > ROE. Also keep in mind that ROE measures total = operating=20 earnings
| divided
| > by
| > > shareholders' equity. = So even=20 when the year-over-year EPS growth is
| > > accelerating, if = earnings=20 per share are small (say, only 4 or 8 cents),
| it
| > > may = result=20 in a relatively small numerator in the ROE equation. This is
| > = why
|=20 > > the best growth companies with strong ROE tend to show strong=20 growth
| over
| > > several years, not just in a number of = quarters.=20 Regarding the rule of
| > > having ROE of at least 17%, keep in = mind=20 that some of the best stocks
| had
| > an
| > > ROE = less than=20 that, including Emulex (8% before its big price run-up
| > > = beginning=20 in December 1998), Millennium Pharmaceuticals (7%) and
| = Qualcomm
| >=20 > (8%). But on average, the best stocks during the 1997-2000 = period
|=20 sported
| > an
| > > average ROE of 23%.
| > = >
| >=20 >
| > > --Katherine
| > >
| > >
| >=20 >
| > > -
| > > -To subscribe/unsubscribe, email = "majordomo@xmission.com"
| = > >=20 -In the email body, write "subscribe canslim" or
| > > = -"unsubscribe=20 canslim".  Do not use quotes in your email.
| > >
| = >=20 >
| > >
| > >
| > > -
| > > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| = > >=20 -In the email body, write "subscribe canslim" or
| > > = -"unsubscribe=20 canslim".  Do not use quotes in your email.
| > >
| = >
|=20 > -
| > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = > -In=20 the email body, write "subscribe canslim" or
| > -"unsubscribe=20 canslim".  Do not use quotes in your email.
| >
| > = -
| >=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = > -In=20 the email body, write "subscribe canslim" or
| > -"unsubscribe=20 canslim".  Do not use quotes in your email.
| >
| = >
|
|=20
| -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_0387_01C24D04.09E5D3A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 26 Aug 2002 14:31:20 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_002B_01C24D0D.3F299AC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi, Katherine, Did you mean to send this to Norm or the group? Ann ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 26, 2002 2:25 PM Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? Hi Norm, I double checked on this before responding, but the Group RS ratings = displayed on the DGO charts are updated daily just after close. The = report which allows export of these values is available in one of the = reports updated on Saturday. (DailyGraphs Printed Product Company = Index). Katherine Here is DGO's response to my inquiry: ----- Original Message -----=20 From: Custserv@dailygraphs.com=20 To: kmalm@earthlink.net=20 Sent: Monday, August 26, 2002 1:15 PM Subject: Re: Group RS Ratings [T20020826007X] Hi Katherine, David has stepped out of the office so please allow me to assist you. = The Group RS numerical rating on the Weekly chart updates every day = between 3:00 and 3:30 PM PST. We actually update our SmartSelect data = items (RS, EPS, Acc/Dis, SMR, GroupRS) each day just a couple of hours = after the close. All of our other data items update later in the = evening. Please feel free to email us if you have any other questions or = comments. Best regards, John Daily Graphs Online ----- Original Message -----=20 From: "Norman" To: Sent: Monday, August 26, 2002 6:41 AM Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? | There is a similar phenomenon that happens with the Industry Group = ranks. | The ranking that is printed in the Wednesday-Monday papers has in = the past | contained errors because they run this through very quickly, = immediately | after M close, trying to meet the printing deadline. The Tuesday = issue is | the only one that doesn't have the short deadline and so has the = only | "double-checked" accurate group rankings. If you want accurate = group | rankings use the Tuesday issue. I have no idea if this is reflected = in DGO. |=20 | Norm |=20 | ----- Original Message ----- | From: "Tom Worley" | To: | Sent: Sunday, August 25, 2002 6:35 AM | Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? |=20 |=20 | > John, I don't subscribe to IBD or use their site, so no first hand | > experience. But from other similar discrepancies members have = found, have | > you tried looking at the day before or after to see if they would = match | for | > a different day? The rush to get the paper into print may mean the = net | site | > is updated with later data. | > | > ----- Original Message ----- | > From: "John Calkins" | > To: | > Sent: Sunday, August 25, 2002 2:24 AM | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? | > | > You people are awesome! | > | > You really are on track with what's happening with IBD, CANSLIM = and the | > Market! | > | > Two weeks ago I "Asked Bill" but got no answer to: Why doesn't = the "Where | > The Big Money's Flowing Now" on Investors.com match "Where The Big = Money's | > Flowing" from IBD. I realize that they only show the top seven up = and | down | > but there has been several occasions that I've looked at the = Investors.com | > list and there were some symbols omitted or added that didn't show = in IBD | or | > visa-versa. So which one is right? I read that they use the same = screen. | > | > You know, I'll bet ya I'll get some kind of an answer from this = group! | And | > this is why we all like this group so much. | > | > (JC) | > | > I really don't care if its a right answer, at least I feel like = I'm not | > loosing it. | > | > ----- Original Message ----- | > From: "Tom Worley" | > To: | > Sent: Saturday, August 24, 2002 9:00 PM | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these = questions? | > | > > Bill, just don't hold your breath waiting for an answer!! | > > | > > ----- Original Message ----- | > > From: "Bill Triffet" | > > To: | > > Sent: Sunday, August 25, 2002 12:23 AM | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these | questions? | > > | > > | > > Well... this is the one I just sent "Ask Bill" | > > | > > "Hey Bill, why don't you or your associates speak up during our | > discussions | > > at canslim@lists.xmission.com ? We'd sure like to get some input = from | you | > > directly as you seem to only post OUR discussion topics in YOUR = paper". | > > | > > One problem I could see with the very distant scenario of = participating | > with | > > this group is they would be FLOODED with questions as they're = considered | > by | > > most here to be experts in canslim. | > > | > > Maybe IBD will try to buy this list to offer it as a $$$ service = to | > > subscribers? (ggg) | > > | > > Hope we get grandfathered in...(g) | > > | > > -Bill | > > | > > | > > | > > ----- Original Message ----- | > > From: "Tom Worley" | > > To: | > > Sent: Saturday, August 24, 2002 7:41 PM | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these | questions? | > > | > > | > > maybe while we weren't looking, we became the last CANSLIMers = out there. | > So | > > they have to glean from our discussions just to have someone = left to | "Ask | > > Bill". Then again, maybe they just want to tackle the soft = questions. | > > | > > Maybe what we should do is every member flood IBD with "Ask = Bill" | > questions, | > > and see if any get published from real people we actually know, = instead | of | > > an unnamed person from Texarkana or wherever. | > > | > > ----- Original Message ----- | > > From: Katherine Malm | > > To: canslim@lists.xmission.com | > > Sent: Saturday, August 24, 2002 10:32 PM | > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these = questions? | > > | > > | > > Here is today's "Ask Bill" column. Sound familiar? | > > | > > Question: Can you please define "swing trader"? | > > | > > | > > | > > - Submitted from Texarkana, Texas | > > | > > | > > | > > | > > Answer: A swing trader is one who trades short-term "swings" in = the | > market, | > > stocks, options, etc. that last anywhere from a few days to just = a few | > > weeks. | > > | > > | > > | > > I'd sure like to know why so often these questions are exactly = the same | > > topics that appear on our email list. Why pick up on stuff like = this and | > > make up bogus "Ask Bills" when I've still got at least 2 = questions asked | > of | > > them and never answered (I'm sure there are others who've = written | > questions | > > that aren't answered). | > > | > > For example, why the heck does the IBD calculate the ROE based = on the | > > average of 2 years data? Huh? Since when did anybody use 2 years = for | such | > a | > > measurement? | > > | > > Here's the Ask Bill I'm referring to (highlighting is mine): | > > | > > Ask Bill O'Neil Archives | > > Wednesday, August 21, 2002 | > > | > > "Why is it some stocks showing accelerating earnings and sales = growth | > still | > > have relatively low return on equity? Would you make an = exception to | your | > > rule of buying stocks with ROE of 17% or better?" | > > - Submitted from Montgomery, Texas | > > | > > One possible reason is the fact that IBD's measure of ROE = (return on | > equity) | > > takes an average of the ROE over the past two fiscal years. If a = company | > > posted weak earnings or a loss in the previous year, that would = dilute | its | > > ROE. Also keep in mind that ROE measures total operating = earnings | divided | > by | > > shareholders' equity. So even when the year-over-year EPS growth = is | > > accelerating, if earnings per share are small (say, only 4 or 8 = cents), | it | > > may result in a relatively small numerator in the ROE equation. = This is | > why | > > the best growth companies with strong ROE tend to show strong = growth | over | > > several years, not just in a number of quarters. Regarding the = rule of | > > having ROE of at least 17%, keep in mind that some of the best = stocks | had | > an | > > ROE less than that, including Emulex (8% before its big price = run-up | > > beginning in December 1998), Millennium Pharmaceuticals (7%) and | Qualcomm | > > (8%). But on average, the best stocks during the 1997-2000 = period | sported | > an | > > average ROE of 23%. | > > | > > | > > --Katherine | > > | > > | > > | > > - | > > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > > -In the email body, write "subscribe canslim" or | > > -"unsubscribe canslim". Do not use quotes in your email. | > > | > > | > > | > > | > > - | > > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > > -In the email body, write "subscribe canslim" or | > > -"unsubscribe canslim". Do not use quotes in your email. | > > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > |=20 |=20 | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email.=20 ------=_NextPart_000_002B_01C24D0D.3F299AC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi, Katherine,
 
Did you mean to send this to Norm or the = group?
Ann
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Monday, August 26, 2002 = 2:25=20 PM
Subject: Re: [CANSLIM] Ask = Bill--Does=20 anybody really ask these questions?

Hi Norm,
 
I double checked on this before responding, but the Group RS = ratings=20 displayed on the DGO charts are updated daily just after close. The = report=20 which allows export of these values is available in one of the reports = updated=20 on Saturday. (DailyGraphs Printed Product Company Index).
 
Katherine
 
Here is DGO's response to my inquiry:
----- Original Message -----=20
From: Custserv@dailygraphs.com =
Sent: Monday, August 26, 2002 1:15 PM
Subject: Re: Group RS Ratings [T20020826007X]

Hi Katherine,

David has stepped out of the office = so please=20 allow me to assist you.  The Group RS = numerical=20 rating on the Weekly chart updates every day = between 3:00 and=20 3:30 PM = PST.  We actually update our SmartSelect data items (RS, = EPS,=20 Acc/Dis, SMR, GroupRS) each=20 day just a couple=20 of hours after the = close.  All of our other data = items update later in the evening.

Please feel free to email us if you = have any=20 other questions or comments.

Best regards,

John

Daily Graphs = Online

----- Original Message -----=20
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com= >
Sent: Monday, August 26, 2002 6:41 AM
Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these=20 questions?

| There is a similar phenomenon that happens with the = Industry=20 Group ranks.
| The ranking that is printed in the Wednesday-Monday = papers=20 has in the past
| contained errors because they run this through = very=20 quickly, immediately
| after M close, trying to meet the printing=20 deadline.  The Tuesday issue is
| the only one that doesn't = have the=20 short deadline and so has the only
| "double-checked" accurate = group=20 rankings.  If you want accurate group
| rankings use the = Tuesday=20 issue.  I have no idea if this is reflected in DGO.
|
| = Norm
|=20
| ----- Original Message -----
| From: "Tom Worley" <stkguru@bellsouth.net>
| = <canslim@lists.xmission.com= >
|=20 Sent: Sunday, August 25, 2002 6:35 AM
| Subject: Re: [CANSLIM] Ask=20 Bill--Does anybody really ask these questions?
|
|
| > = John, I=20 don't subscribe to IBD or use their site, so no first hand
| >=20 experience. But from other similar discrepancies members have found, = have
|=20 > you tried looking at the day before or after to see if they would = match
| for
| > a different day? The rush to get the paper = into print=20 may mean the net
| site
| > is updated with later data.
|=20 >
| > ----- Original Message -----
| > From: "John = Calkins"=20 <jcalkins@olypen.com>
| = >=20 To: <canslim@lists.xmission.com= >
|=20 > Sent: Sunday, August 25, 2002 2:24 AM
| > Subject: Re: = [CANSLIM]=20 Ask Bill--Does anybody really ask these questions?
| >
| > = You=20 people are awesome!
| >
| > You really are on track with = what's=20 happening with IBD, CANSLIM and the
| > Market!
| >
| = > Two=20 weeks ago I "Asked Bill" but got no answer to:  Why doesn't the=20 "Where
| > The Big Money's Flowing Now" on Investors.com match = "Where=20 The Big Money's
| > Flowing" from IBD.  I realize that they = only=20 show the top seven up and
| down
| > but there has been = several=20 occasions that I've looked at the Investors.com
| > list and = there were=20 some symbols omitted or added that didn't show in IBD
| or
| = >=20 visa-versa. So which one is right?  I read that they use the same = screen.
| >
| > You know, I'll bet ya I'll get some kind = of an=20 answer from this group!
| And
| > this is why we all like = this group=20 so much.
| >
| > (JC)
| >
| > I really don't = care if=20 its a right answer, at least I feel like I'm not
| > loosing = it.
|=20 >
| > ----- Original Message -----
| > From: "Tom = Worley"=20 <stkguru@bellsouth.net>
| = > To: <canslim@lists.xmission.com= >
|=20 > Sent: Saturday, August 24, 2002 9:00 PM
| > Subject: Re: = [CANSLIM]=20 Ask Bill--Does anybody really ask these questions?
| >
| > = >=20 Bill, just don't hold your breath waiting for an answer!!
| > = >
|=20 > > ----- Original Message -----
| > > From: "Bill = Triffet"=20 <btriffet@earthlink.net>
= | >=20 > To: <canslim@lists.xmission.com= >
|=20 > > Sent: Sunday, August 25, 2002 12:23 AM
| > > = [CANSLIM] Ask Bill--Does anybody really ask these
| questions?
| = >=20 >
| > >
| > > Well... this is the one I just = sent =20 "Ask Bill"
| > >
| > > "Hey Bill, why don't you or = your=20 associates speak up during our
| > discussions
| > > at = canslim@lists.xmission.com= ? We'd=20 sure like to get some input from
| you
| > > directly as = you seem=20 to only post OUR discussion topics in YOUR paper".
| > >
| = >=20 > One problem I could see with the very distant scenario of=20 participating
| > with
| > > this group is they would = be=20 FLOODED with questions as they're considered
| > by
| > = > most=20 here to be experts in canslim.
| > >
| > > Maybe IBD = will=20 try to buy this list to offer it as a $$$ service to
| > >=20 subscribers? (ggg)
| > >
| > > Hope we get = grandfathered=20 in...(g)
| > >
| > > -Bill
| > >
| >=20 >
| > >
| > > ----- Original Message -----
| = > >=20 From: "Tom Worley" <stkguru@bellsouth.net>
| = >=20 > To: <canslim@lists.xmission.com= >
|=20 > > Sent: Saturday, August 24, 2002 7:41 PM
| > > = [CANSLIM] Ask Bill--Does anybody really ask these
| questions?
| = >=20 >
| > >
| > > maybe while we weren't looking, we = became=20 the last CANSLIMers out there.
| > So
| > > they have = to glean=20 from our discussions just to have someone left to
| "Ask
| > = >=20 Bill". Then again, maybe they just want to tackle the soft = questions.
|=20 > >
| > > Maybe what we should do is every member flood = IBD=20 with "Ask Bill"
| > questions,
| > > and see if any get = published from real people we actually know, instead
| of
| > = > an=20 unnamed person from Texarkana or wherever.
| > >
| > = > -----=20 Original Message -----
| > > From: Katherine Malm
| > = > To:=20 canslim@lists.xmission.com=
|=20 > > Sent: Saturday, August 24, 2002 10:32 PM
| > > = [CANSLIM] Ask Bill--Does anybody really ask these questions?
| > = >
| > >
| > > Here is today's "Ask Bill" column. = Sound=20 familiar?
| > >
| > > Question: Can you please = define "swing=20 trader"?
| > >
| > >
| > >
| > > - = Submitted from Texarkana, Texas
| > >
| > >
| = >=20 >
| > >
| > >  Answer: A swing trader is one = who=20 trades short-term "swings" in the
| > market,
| > > = stocks,=20 options, etc. that last anywhere from a few days to just a few
| = > >=20 weeks.
| > >
| > >
| > >
| > > I'd = sure=20 like to know why so often these questions are exactly the same
| = > >=20 topics that appear on our email list. Why pick up on stuff like this = and
|=20 > > make up bogus "Ask Bills" when I've still got at least 2 = questions=20 asked
| > of
| > > them and never answered (I'm sure = there are=20 others who've written
| > questions
| > > that aren't=20 answered).
| > >
| > > For example, why the heck = does the=20 IBD calculate the ROE based on the
| > > average of 2 years = data?=20 Huh? Since when did anybody use 2 years for
| such
| > a
| = >=20 > measurement?
| > >
| > > Here's the Ask Bill = I'm=20 referring to (highlighting is mine):
| > >
| > > Ask = Bill=20 O'Neil Archives
| > > Wednesday, August 21, 2002
| > = >
|=20 > > "Why is it some stocks showing accelerating earnings and = sales=20 growth
| > still
| > > have relatively low return on = equity?=20 Would you make an exception to
| your
| > > rule of buying = stocks=20 with ROE of 17% or better?"
| > > - Submitted from = Montgomery,=20 Texas
| > >
| > > One possible reason is the fact = that IBD's=20 measure of ROE (return on
| > equity)
| > > takes an = average of=20 the ROE over the past two fiscal years. If a company
| > > = posted=20 weak earnings or a loss in the previous year, that would dilute
| = its
|=20 > > ROE. Also keep in mind that ROE measures total operating=20 earnings
| divided
| > by
| > > shareholders' = equity. So=20 even when the year-over-year EPS growth is
| > > = accelerating, if=20 earnings per share are small (say, only 4 or 8 cents),
| it
| = > >=20 may result in a relatively small numerator in the ROE equation. This = is
|=20 > why
| > > the best growth companies with strong ROE tend = to show=20 strong growth
| over
| > > several years, not just in a = number of=20 quarters. Regarding the rule of
| > > having ROE of at least = 17%,=20 keep in mind that some of the best stocks
| had
| > an
| = > >=20 ROE less than that, including Emulex (8% before its big price = run-up
| >=20 > beginning in December 1998), Millennium Pharmaceuticals (7%) = and
|=20 Qualcomm
| > > (8%). But on average, the best stocks during = the=20 1997-2000 period
| sported
| > an
| > > average ROE = of=20 23%.
| > >
| > >
| > > --Katherine
| = >=20 >
| > >
| > >
| > > -
| > > -To = subscribe/unsubscribe, email "majordomo@xmission.com"
| = >=20 > -In the email body, write "subscribe canslim" or
| > >=20 -"unsubscribe canslim".  Do not use quotes in your email.
| = >=20 >
| > >
| > >
| > >
| > > = -
| >=20 > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = >=20 > -In the email body, write "subscribe canslim" or
| > >=20 -"unsubscribe canslim".  Do not use quotes in your email.
| = >=20 >
| >
| > -
| > -To subscribe/unsubscribe, email = "majordomo@xmission.com"
| = > -In=20 the email body, write "subscribe canslim" or
| > -"unsubscribe=20 canslim".  Do not use quotes in your email.
| >
| > = -
|=20 > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = > -In=20 the email body, write "subscribe canslim" or
| > -"unsubscribe=20 canslim".  Do not use quotes in your email.
| >
| = >
|=20
|
| -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email. ------=_NextPart_000_002B_01C24D0D.3F299AC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: [CANSLIM] off topic Date: 26 Aug 2002 14:33:39 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0043_01C24D0D.91A94B60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sorry, everybody. My error. Slipped through my filter. Ann ----- Original Message -----=20 Sent: Monday, August 26, 2002 2:31 PM questions? Hi, Katherine, Did you mean to send this to Norm or the group? Ann =20 ------=_NextPart_000_0043_01C24D0D.91A94B60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Sorry, everybody. My error. Slipped through my=20 filter.
 
Ann
----- Original Message -----=20
From: Ann =
Sent: Monday, August 26, 2002 2:31 PM
Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask = these=20 questions?

Hi, Katherine,
 
Did you mean to send this to Norm or the = group?
Ann
    ------=_NextPart_000_0043_01C24D0D.91A94B60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? Date: 26 Aug 2002 18:48:49 GMT Thanks Katherine. Unfortunately I am not a D$G$O subscriber at this time. It's interesting that DGO claims accuracy while IBD admits inaccuracy, 'cept on Tuesdays. Reminds me of the chubby little guy on Popeye cartoons who was always borrowing money to purchase a burger and promising to repay the loan on "next Tuesday." Norm Katherine Malm writes: > Hi Norm, > > I double checked on this before responding, but the Group RS ratings displayed on the DGO charts are updated daily just after close. The report which allows export of these values is available in one of the reports updated on Saturday. (DailyGraphs Printed Product Company Index). > > Katherine > > Here is DGO's response to my inquiry: > ----- Original Message ----- > From: Custserv@dailygraphs.com > To: kmalm@earthlink.net > Sent: Monday, August 26, 2002 1:15 PM > Subject: Re: Group RS Ratings [T20020826007X] > > > Hi Katherine, > > David has stepped out of the office so please allow me to assist you. The Group RS numerical rating on the Weekly chart updates every day between 3:00 and 3:30 PM PST. We actually update our SmartSelect data items (RS, EPS, Acc/Dis, SMR, GroupRS) each day just a couple of hours after the close. All of our other data items update later in the evening. > > Please feel free to email us if you have any other questions or comments. > > Best regards, > > John > > Daily Graphs Online > > ----- Original Message ----- > From: "Norman" > To: > Sent: Monday, August 26, 2002 6:41 AM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > | There is a similar phenomenon that happens with the Industry Group ranks. > | The ranking that is printed in the Wednesday-Monday papers has in the past > | contained errors because they run this through very quickly, immediately > | after M close, trying to meet the printing deadline. The Tuesday issue is > | the only one that doesn't have the short deadline and so has the only > | "double-checked" accurate group rankings. If you want accurate group > | rankings use the Tuesday issue. I have no idea if this is reflected in DGO. > | > | Norm > | > | ----- Original Message ----- > | From: "Tom Worley" > | To: > | Sent: Sunday, August 25, 2002 6:35 AM > | Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > | > | > | > John, I don't subscribe to IBD or use their site, so no first hand > | > experience. But from other similar discrepancies members have found, have > | > you tried looking at the day before or after to see if they would match > | for > | > a different day? The rush to get the paper into print may mean the net > | site > | > is updated with later data. > | > > | > ----- Original Message ----- > | > From: "John Calkins" > | > To: > | > Sent: Sunday, August 25, 2002 2:24 AM > | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > | > > | > You people are awesome! > | > > | > You really are on track with what's happening with IBD, CANSLIM and the > | > Market! > | > > | > Two weeks ago I "Asked Bill" but got no answer to: Why doesn't the "Where > | > The Big Money's Flowing Now" on Investors.com match "Where The Big Money's > | > Flowing" from IBD. I realize that they only show the top seven up and > | down > | > but there has been several occasions that I've looked at the Investors.com > | > list and there were some symbols omitted or added that didn't show in IBD > | or > | > visa-versa. So which one is right? I read that they use the same screen. > | > > | > You know, I'll bet ya I'll get some kind of an answer from this group! > | And > | > this is why we all like this group so much. > | > > | > (JC) > | > > | > I really don't care if its a right answer, at least I feel like I'm not > | > loosing it. > | > > | > ----- Original Message ----- > | > From: "Tom Worley" > | > To: > | > Sent: Saturday, August 24, 2002 9:00 PM > | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > | > > | > > Bill, just don't hold your breath waiting for an answer!! > | > > > | > > ----- Original Message ----- > | > > From: "Bill Triffet" > | > > To: > | > > Sent: Sunday, August 25, 2002 12:23 AM > | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these > | questions? > | > > > | > > > | > > Well... this is the one I just sent "Ask Bill" > | > > > | > > "Hey Bill, why don't you or your associates speak up during our > | > discussions > | > > at canslim@lists.xmission.com ? We'd sure like to get some input from > | you > | > > directly as you seem to only post OUR discussion topics in YOUR paper". > | > > > | > > One problem I could see with the very distant scenario of participating > | > with > | > > this group is they would be FLOODED with questions as they're considered > | > by > | > > most here to be experts in canslim. > | > > > | > > Maybe IBD will try to buy this list to offer it as a $$$ service to > | > > subscribers? (ggg) > | > > > | > > Hope we get grandfathered in...(g) > | > > > | > > -Bill > | > > > | > > > | > > > | > > ----- Original Message ----- > | > > From: "Tom Worley" > | > > To: > | > > Sent: Saturday, August 24, 2002 7:41 PM > | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these > | questions? > | > > > | > > > | > > maybe while we weren't looking, we became the last CANSLIMers out there. > | > So > | > > they have to glean from our discussions just to have someone left to > | "Ask > | > > Bill". Then again, maybe they just want to tackle the soft questions. > | > > > | > > Maybe what we should do is every member flood IBD with "Ask Bill" > | > questions, > | > > and see if any get published from real people we actually know, instead > | of > | > > an unnamed person from Texarkana or wherever. > | > > > | > > ----- Original Message ----- > | > > From: Katherine Malm > | > > To: canslim@lists.xmission.com > | > > Sent: Saturday, August 24, 2002 10:32 PM > | > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these questions? > | > > > | > > > | > > Here is today's "Ask Bill" column. Sound familiar? > | > > > | > > Question: Can you please define "swing trader"? > | > > > | > > > | > > > | > > - Submitted from Texarkana, Texas > | > > > | > > > | > > > | > > > | > > Answer: A swing trader is one who trades short-term "swings" in the > | > market, > | > > stocks, options, etc. that last anywhere from a few days to just a few > | > > weeks. > | > > > | > > > | > > > | > > I'd sure like to know why so often these questions are exactly the same > | > > topics that appear on our email list. Why pick up on stuff like this and > | > > make up bogus "Ask Bills" when I've still got at least 2 questions asked > | > of > | > > them and never answered (I'm sure there are others who've written > | > questions > | > > that aren't answered). > | > > > | > > For example, why the heck does the IBD calculate the ROE based on the > | > > average of 2 years data? Huh? Since when did anybody use 2 years for > | such > | > a > | > > measurement? > | > > > | > > Here's the Ask Bill I'm referring to (highlighting is mine): > | > > > | > > Ask Bill O'Neil Archives > | > > Wednesday, August 21, 2002 > | > > > | > > "Why is it some stocks showing accelerating earnings and sales growth > | > still > | > > have relatively low return on equity? Would you make an exception to > | your > | > > rule of buying stocks with ROE of 17% or better?" > | > > - Submitted from Montgomery, Texas > | > > > | > > One possible reason is the fact that IBD's measure of ROE (return on > | > equity) > | > > takes an average of the ROE over the past two fiscal years. If a company > | > > posted weak earnings or a loss in the previous year, that would dilute > | its > | > > ROE. Also keep in mind that ROE measures total operating earnings > | divided > | > by > | > > shareholders' equity. So even when the year-over-year EPS growth is > | > > accelerating, if earnings per share are small (say, only 4 or 8 cents), > | it > | > > may result in a relatively small numerator in the ROE equation. This is > | > why > | > > the best growth companies with strong ROE tend to show strong growth > | over > | > > several years, not just in a number of quarters. Regarding the rule of > | > > having ROE of at least 17%, keep in mind that some of the best stocks > | had > | > an > | > > ROE less than that, including Emulex (8% before its big price run-up > | > > beginning in December 1998), Millennium Pharmaceuticals (7%) and > | Qualcomm > | > > (8%). But on average, the best stocks during the 1997-2000 period > | sported > | > an > | > > average ROE of 23%. > | > > > | > > > | > > --Katherine > | > > > | > > > | > > > | > > - > | > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > > -In the email body, write "subscribe canslim" or > | > > -"unsubscribe canslim". Do not use quotes in your email. > | > > > | > > > | > > > | > > > | > > - > | > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > > -In the email body, write "subscribe canslim" or > | > > -"unsubscribe canslim". Do not use quotes in your email. > | > > > | > > | > - > | > -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > -In the email body, write "subscribe canslim" or > | > -"unsubscribe canslim". Do not use quotes in your email. > | > > | > - > | > -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > -In the email body, write "subscribe canslim" or > | > -"unsubscribe canslim". Do not use quotes in your email. > | > > | > > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] off topic Date: 26 Aug 2002 18:49:58 GMT Ann, I'm hurt! You have me filtered out? Norm Ann writes: > Sorry, everybody. My error. Slipped through my filter. > > Ann > ----- Original Message ----- > From: Ann > To: canslim@lists.xmission.com > Sent: Monday, August 26, 2002 2:31 PM > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions? > > > Hi, Katherine, > > Did you mean to send this to Norm or the group? > Ann > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Dave Cameron Subject: [CANSLIM] Humor: New Financial Lingo Date: 26 Aug 2002 19:37:25 -0700 (PDT) > New Financial Lingo > > > EBITDA: earnings before I tricked damn auditor. > > > EBIT: earnings before irregularities and tampering. > > > CEO: chief embezzlement officer. > > > CFO: corporate fraud officer. > > > NAV: normal Andersen valuation. > > > FRS: fantasy reporting standards. > > > P/E: parole entitlement. > > > EPS: eventual prison sentence. > > > BULL MARKET -- A random market movement causing an investor to > mistake > himself for a financial genius. > > > BEAR MARKET -- A 6 to 18-month period when the kids get no > allowance, the > wife gets no jewelry, and the husband gets no sex. > > > MOMENTUM INVESTING -- The fine art of buying high and selling low. > > > VALUE INVESTING -- The art of buying low and selling lower. P/E > RATIO -- > The percentage of investors wetting their pants as the market keeps > crashing. > > > BROKER -- What my broker has made me. > > > "BUY, BUY" -- A flight attendant making market recommendations as > you step > off the plane. > > > STANDARD & POOR -- Your life in a nutshell. (That would be me, and > getting > poorer everyday) > > > STOCK ANALYST -- Idiot who just downgraded your stock. > > > STOCK SPLIT -- When your ex-wife and her lawyer split your assets > equally > between themselves. > > > FINANCIAL PLANNER -- A guy who actually remembers his wallet when > he runs > to the 7-11 for toilet paper and cigarettes. > > > MARKET CORRECTION -- The day after you buy stocks. > > > CASH FLOW -- The movement your money makes as it disappears down > the > toilet. > > > YAHOO -- What you yell after selling it to some poor sucker for > $240 per > share. > > > WINDOWS 2000 -- What you jump out of when you're the sucker that > bought > Yahoo @ $240 per share. > > > INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in > a > nuthouse. > > > PROFIT -- Religious guy who talks to God ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] Low-Volume Summer Rallys Date: 26 Aug 2002 22:13:05 -0500 Does anyone on the list have some first-hand experience with these animals? I'm a short timer and have no knowledge of these low volume upswings. Is this a typical looking low-vol rally? Should we disregard the low vol until it gets cooler? How about the pull-backs from good looking BOs? Tomorrow's Big Picture in IBD cautions about the divergence between vol and price in the major indices. They also mention the recent BOs struggling to maintain their pivot and suggest a cautious attitude is called for. Even with this confirmed rally, I just haven't seen the type of action that gets my blood flowing. If it wasn't for the LLURs I would have a hard time finding anything I like. All in Cash, Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "rchodes" Subject: [CANSLIM] Advice on using weekly vs. daily charts Date: 26 Aug 2002 22:22:45 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0032_01C24D4F.1A391960 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I would like some help with analyzing the chart for AMSG. This = company's fundamentals look promising but I'm having trouble = interpreting the chart pattern. If you look at the one year chart, = would you consider the JUN 02 through the AUG 15 as the cup with a = descending handle forming after AUG 15 or would you consider this a CWH = starting on OCT 1 '01 with the handle beginning around JUN 02. My = perception of these patterns is still unreliable and I appreciate the = advice of more experienced CAMSLIM investors. Thanks in advance. By way of introduction, I am a clinical psychologist with only a = novice's knowledge of CANSLIM. It's rather ironic that my own = psychology has messed me up many times in my past investing decisions = and I feel that CANSLIM can provide much needed structure and = discipline.=20 Bob Hodes ------=_NextPart_000_0032_01C24D4F.1A391960 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I would like some help with analyzing = the chart for=20 AMSG.  This company's fundamentals look promising but I'm having = trouble=20 interpreting the chart pattern.  If you look at the one year chart, = would=20 you consider the JUN 02 through the AUG 15 as the cup with a descending = handle=20 forming after AUG 15 or would you consider this a CWH starting on OCT 1 = '01 with=20 the handle beginning around JUN 02.  My perception of these = patterns is=20 still unreliable and I appreciate the advice of more experienced CAMSLIM = investors. Thanks in advance.
 
By way of introduction, I am a clinical = psychologist with only a novice's knowledge of CANSLIM.  It's = rather=20 ironic that my own psychology has messed me up many times in = my past=20 investing decisions and I feel that CANSLIM can provide much=20 needed structure and discipline. 
 
Bob Hodes
------=_NextPart_000_0032_01C24D4F.1A391960-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Low-Volume Summer Rallys Date: 26 Aug 2002 23:20:10 -0400 I tend to be a little more generous with the low volume rallies than does IBD, both because of the seasonal nature of them, and my experience (and patience) with small caps that may often trade only a few thousand shares on a good day. On the other hand, I expect little strength from these rallies once either the price gets too high, or the big guys return from their summer vacation. What they do in the meantime, tho, is help clear out some of the weak holders, on a small scale. ----- Original Message ----- Sent: Monday, August 26, 2002 11:13 PM Does anyone on the list have some first-hand experience with these animals? I'm a short timer and have no knowledge of these low volume upswings. Is this a typical looking low-vol rally? Should we disregard the low vol until it gets cooler? How about the pull-backs from good looking BOs? Tomorrow's Big Picture in IBD cautions about the divergence between vol and price in the major indices. They also mention the recent BOs struggling to maintain their pivot and suggest a cautious attitude is called for. Even with this confirmed rally, I just haven't seen the type of action that gets my blood flowing. If it wasn't for the LLURs I would have a hard time finding anything I like. All in Cash, Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Vanchee1@aol.com Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts Date: 26 Aug 2002 23:25:10 EDT --part1_b2.10b2f8fd.2a9c4b16_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Bob, being a psychologist I thought you might find a very interesting book to read called "Trade your way to Financial Freedom" by Van K. Tharp Chris --part1_b2.10b2f8fd.2a9c4b16_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Bob, being a psychologist I thought you might find a very interesting book to read called "Trade your way to Financial Freedom" by Van K. Tharp

Chris --part1_b2.10b2f8fd.2a9c4b16_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts Date: 26 Aug 2002 23:28:43 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_016A_01C24D58.517ECB00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Bob, I go for a cup from June to August, but the right side of the cup = is debatable. You can pick the right side of the cup as being reached on = 8/1, 8/12, or 8/19. If you pick 8/19, however, then the past week would = be a high handle, and more prone to failure (which it did to some extent = over the past two days). I would pick 8/19 as the breakout from a handle = that started forming 8/12 since it is the only day with 2X ADV. On the = other hand, using this date also shows not only a short handle, but one = that did not decline even tho volume dried up.=20 So you would have had to be on your toes to catch it right on 8/19. On a weekly chart, the week ending 8/16 would appear to mark the end of = the cup, and start of the handle. ----- Original Message -----=20 Sent: Tuesday, August 27, 2002 1:22 AM I would like some help with analyzing the chart for AMSG. This = company's fundamentals look promising but I'm having trouble = interpreting the chart pattern. If you look at the one year chart, = would you consider the JUN 02 through the AUG 15 as the cup with a = descending handle forming after AUG 15 or would you consider this a CWH = starting on OCT 1 '01 with the handle beginning around JUN 02. My = perception of these patterns is still unreliable and I appreciate the = advice of more experienced CAMSLIM investors. Thanks in advance. By way of introduction, I am a clinical psychologist with only a = novice's knowledge of CANSLIM. It's rather ironic that my own = psychology has messed me up many times in my past investing decisions = and I feel that CANSLIM can provide much needed structure and = discipline.=20 Bob Hodes ------=_NextPart_000_016A_01C24D58.517ECB00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Bob, I go for a cup from June to August, but the = right=20 side of the cup is debatable. You can pick the right side of the cup as = being=20 reached on 8/1, 8/12, or 8/19. If you pick 8/19, however, then the past = week=20 would be a high handle, and more prone to failure (which it did to some = extent=20 over the past two days). I would pick 8/19 as the breakout from a handle = that=20 started forming 8/12 since it is the only day with 2X ADV. On the other = hand,=20 using this date also shows not only a short handle, but one that did not = decline=20 even tho volume dried up.
 
So you would have had to be on your toes to = catch it right=20 on 8/19.
 
On a weekly chart, the week ending 8/16 would = appear to=20 mark the end of the cup, and start of the handle.
 
----- Original Message -----=20
From: rchodes
Sent: Tuesday, August 27, 2002 1:22 AM
Subject: [CANSLIM] Advice on using weekly vs. daily=20 charts

I would like some help with analyzing = the chart for=20 AMSG.  This company's fundamentals look promising but I'm having = trouble=20 interpreting the chart pattern.  If you look at the one year chart, = would=20 you consider the JUN 02 through the AUG 15 as the cup with a descending = handle=20 forming after AUG 15 or would you consider this a CWH starting on OCT 1 = '01 with=20 the handle beginning around JUN 02.  My perception of these = patterns is=20 still unreliable and I appreciate the advice of more experienced CAMSLIM = investors. Thanks in advance.
 
By way of introduction, I am a clinical = psychologist with only a novice's knowledge of CANSLIM.  It's = rather=20 ironic that my own psychology has messed me up many times in = my past=20 investing decisions and I feel that CANSLIM can provide much=20 needed structure and discipline. 
 
Bob Hodes
------=_NextPart_000_016A_01C24D58.517ECB00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Humor: New Financial Lingo Date: 26 Aug 2002 23:47:21 EDT --part1_192.c386017.2a9c5049_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dave, Thanks for the humor. Some of those were Hilarious! Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com --part1_192.c386017.2a9c5049_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dave,

Thanks for the humor. Some of those were Hilarious!

Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com --part1_192.c386017.2a9c5049_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts Date: 27 Aug 2002 00:13:37 EDT --part1_39.2c476492.2a9c5671_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Bob: As I read the chart the left hand lip of the cup formed on June 3, 2002, when the price hit an intraday high of $32.70, the highest price during the previous 52 weeks, or for that matter, an all time high. The bottom of the cup formed on July 27, 2002, when the stock registered a low of $23.10. On August 1, 2002, the cup was completed at a price of $30.35. Over the next five days volume dried up and then on August 12th the stock completed a breakout with volume of 438,700 (142% above normal) to a price of $33.85. The stock went on to make a new high last Monday, but has since fallen back to just above the pivot point ($30.86 versus $30.35) Now it gets tricky. This may be another opportunity to buy the stock at a price very close to it's breakout, or it may mean the c/h is failing. I am no technical expert but my guess is that this one has failed for the time being. I hope I am wrong. Charley --part1_39.2c476492.2a9c5671_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Bob: As I read the chart the left hand lip of the cup formed on June 3, 2002, when the price hit an intraday high of $32.70, the highest price during the previous 52 weeks, or for that matter, an all time high.
The bottom of the cup formed on July 27, 2002, when the stock registered a low of $23.10. On August 1, 2002, the cup was completed at a price of $30.35. Over the next five days volume dried up and then on August 12th the stock completed a breakout with volume of 438,700 (142% above normal) to a price of $33.85.

The stock went on to make a new high last Monday, but has since fallen back to just above the pivot point ($30.86 versus $30.35)
Now it gets tricky. This may be another opportunity to buy the stock at a price very close to it's breakout, or it may mean the c/h is failing.
I am no technical expert but my guess is that this one has failed for the time being. I hope I am wrong.
Charley --part1_39.2c476492.2a9c5671_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Advice on using weekly vs. daily charts Date: 26 Aug 2002 20:42:37 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0056_01C24D41.1D426A20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Bob, My interpretation is that AMSG was in a CwH starting 6/3/02 and broke out on 8/19 and has now pulled back to just below the pivot of that pattern. Because it broke out to a high of $34, which was 7% higher than the left cup of $32.70 on 6/30, IMHO that high can't be considered a new CwH pivot as the pivot can only reach a maximum of 3% above the left side of the cup, at least according to WON. Katherine will hopefully jump in and provide more expertise on what the pattern would now be called. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of rchodes Sent: Monday, August 26, 2002 7:23 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Advice on using weekly vs. daily charts I would like some help with analyzing the chart for AMSG. This company's fundamentals look promising but I'm having trouble interpreting the chart pattern. If you look at the one year chart, would you consider the JUN 02 through the AUG 15 as the cup with a descending handle forming after AUG 15 or would you consider this a CWH starting on OCT 1 '01 with the handle beginning around JUN 02. My perception of these patterns is still unreliable and I appreciate the advice of more experienced CAMSLIM investors. Thanks in advance. By way of introduction, I am a clinical psychologist with only a novice's knowledge of CANSLIM. It's rather ironic that my own psychology has messed me up many times in my past investing decisions and I feel that CANSLIM can provide much needed structure and discipline. Bob Hodes ------=_NextPart_000_0056_01C24D41.1D426A20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi=20 Bob,
 
My=20 interpretation is that AMSG was in a CwH starting 6/3/02 and broke out = on=20 8/19  and has now pulled back to just below the pivot of that = pattern.=20 Because it broke out to a high of $34, which was 7% higher than the left = cup of=20 $32.70 on 6/30, IMHO that high can't be considered a new CwH pivot  = as the=20 pivot can only reach a maximum of 3% above the left side of the cup, at = least=20 according to WON.
 
Katherine will hopefully jump in and provide more expertise on = what the=20 pattern would now be called.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 rchodes
Sent: Monday, August 26, 2002 7:23 = PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Advice on = using weekly=20 vs. daily charts

I would like some help with analyzing = the chart=20 for AMSG.  This company's fundamentals look promising but I'm = having=20 trouble interpreting the chart pattern.  If you look at the one = year=20 chart, would you consider the JUN 02 through the AUG 15 as the cup = with a=20 descending handle forming after AUG 15 or would you consider this a = CWH=20 starting on OCT 1 '01 with the handle beginning around JUN 02.  = My=20 perception of these patterns is still unreliable and I appreciate the = advice=20 of more experienced CAMSLIM investors. Thanks in advance.
 
By way of introduction, I am a = clinical=20 psychologist with only a novice's knowledge of CANSLIM.  It's = rather=20 ironic that my own psychology has messed me up many times in = my past=20 investing decisions and I feel that CANSLIM can provide much=20 needed structure and discipline. 
 
Bob = Hodes
------=_NextPart_000_0056_01C24D41.1D426A20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts Date: 27 Aug 2002 08:18:19 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0E96_01C24DA2.4D641300 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Mike, Bob, Charley et al, Sorry, I've lost track of where the conversation has been as I have = trouble following if I can't see a picture! Thought I was going to get = away with sitting this one out, but since Mike invoked the double-secret = "get off your buns" message....I've marked up a couple of charts as I = see AMSG, one daily, one weekly. See them at: http://WallStreet-LLC.com/canslim/AMSG082602.jpg http://WallStreet-LLC.com/canslim/AMSG082602wkly.jpg Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 1:42 AM Subject: RE: [CANSLIM] Advice on using weekly vs. daily charts Hi Bob, My interpretation is that AMSG was in a CwH starting 6/3/02 and broke = out on 8/19 and has now pulled back to just below the pivot of that = pattern. Because it broke out to a high of $34, which was 7% higher than = the left cup of $32.70 on 6/30, IMHO that high can't be considered a new = CwH pivot as the pivot can only reach a maximum of 3% above the left = side of the cup, at least according to WON. Katherine will hopefully jump in and provide more expertise on what = the pattern would now be called. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of rchodes Sent: Monday, August 26, 2002 7:23 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Advice on using weekly vs. daily charts I would like some help with analyzing the chart for AMSG. This = company's fundamentals look promising but I'm having trouble = interpreting the chart pattern. If you look at the one year chart, = would you consider the JUN 02 through the AUG 15 as the cup with a = descending handle forming after AUG 15 or would you consider this a CWH = starting on OCT 1 '01 with the handle beginning around JUN 02. My = perception of these patterns is still unreliable and I appreciate the = advice of more experienced CAMSLIM investors. Thanks in advance. By way of introduction, I am a clinical psychologist with only a = novice's knowledge of CANSLIM. It's rather ironic that my own = psychology has messed me up many times in my past investing decisions = and I feel that CANSLIM can provide much needed structure and = discipline.=20 Bob Hodes ------=_NextPart_000_0E96_01C24DA2.4D641300 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Mike, Bob, Charley et al,
 
Sorry, I've lost track of where the conversation has been as I have = trouble=20 following if I can't see a picture! Thought I was going to get away with = sitting=20 this one out, but since Mike invoked the double-secret "get off your = buns"=20 message....I've marked up a couple of charts as I see AMSG, one daily, = one=20 weekly. See them at:
 
http://WallStre= et-LLC.com/canslim/AMSG082602.jpg
http://Wall= Street-LLC.com/canslim/AMSG082602wkly.jpg
 
Katherine
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, 2002 = 1:42=20 AM
Subject: RE: [CANSLIM] Advice = on using=20 weekly vs. daily charts

Hi=20 Bob,
 
My=20 interpretation is that AMSG was in a CwH starting 6/3/02 and broke out = on=20 8/19  and has now pulled back to just below the pivot of that = pattern.=20 Because it broke out to a high of $34, which was 7% higher than the = left cup=20 of $32.70 on 6/30, IMHO that high can't be considered a new CwH = pivot  as=20 the pivot can only reach a maximum of 3% above the left side of the = cup, at=20 least according to WON.
 
Katherine will hopefully jump in and provide more expertise = on what the=20 pattern would now be called.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 rchodes
Sent: Monday, August 26, 2002 7:23 = PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Advice on = using=20 weekly vs. daily charts

I would like some help with = analyzing the chart=20 for AMSG.  This company's fundamentals look promising but I'm = having=20 trouble interpreting the chart pattern.  If you look at the one = year=20 chart, would you consider the JUN 02 through the AUG 15 as the cup = with a=20 descending handle forming after AUG 15 or would you consider this a = CWH=20 starting on OCT 1 '01 with the handle beginning around JUN 02.  = My=20 perception of these patterns is still unreliable and I appreciate = the advice=20 of more experienced CAMSLIM investors. Thanks in = advance.
 
By way of introduction, I am a = clinical=20 psychologist with only a novice's knowledge of CANSLIM.  It's = rather=20 ironic that my own psychology has messed me up many = times in my=20 past investing decisions and I feel that CANSLIM can provide much=20 needed structure and discipline. 
 
Bob=20 Hodes
------=_NextPart_000_0E96_01C24DA2.4D641300-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] CSTR Date: 27 Aug 2002 09:24:56 -0500 Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts Date: 27 Aug 2002 08:26:50 -0600 I also notice on the DG charts that ROE is only 12%, I think that's a bit on the light side, also EPS growing more slowly than revenue, if that means much. (3 abbreviations in 1 sentence, not too bad) On 27 Aug 2002 at 8:18, Katherine Malm wrote: > Sorry, I've lost track of where the conversation has been as I have trouble > following if I can't see a picture! Thought I was going to get away with > sitting this one out, but since Mike invoked the double-secret "get off your > buns" message....I've marked up a couple of charts as I see AMSG, one daily, > one weekly. See them at: - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] Housing sector Date: 27 Aug 2002 09:27:59 -0500 CBS Marketwatch has been predicting the demise of the golden-as-of-late = housing sector over the past few days. Then, the latest figures show a = record month for new home sales. Another example of "analysts always = being wrong" (WON) or something else? Anyone have any thoughts? >From Dismal Scientist: Economic Releases Updated Monday 08/26/2002 RELEASE: Existing Home Sales [United States] (5.33 Million) FIRST TAKE: Sales of existing homes advanced off of the June lull, but remain below the frenzied pace of sales hit in the first half of this = year. Low mortgage rates will continue to support housing demand, despite a lackluster expansion, some retreat in consumer confidence, and rising = house prices. RELEASE: New Home Sales (C25) [United States] (1,017,000) FIRST TAKE: New home sales surprised on the upside, with sales hitting a = new record. Near record low mortgage rates are keeping the demand for homes = very strong. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 09:28:19 -0500 09:33 ET CSTR a notable laggard; trading floor talk of Off Wall Street report (28.35 -4.44) ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:24 AM | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts Date: 27 Aug 2002 09:27:58 -0500 On the daily chart, the only viable handle I see is the one pointed out by Katherine on her upload. Decreasing price on lower volume; very nice handle. Would have been nice to see more volume on the right side of the cup. Having traded in a more-or-less narrow range is also a plus in my eyes. Of course the recent pull back is disappointing, but not totally unexpected these days. Looks like this one went from a nice but short LLUR to an equally nice c&h. Seems like I have seen quite a few LLURs go to a c&h lately. On the weekly chart it looks like the recent LLUR pattern was the culprit that broke the flat base trend that went back to June of last year; but I'm not good with flat base recognition. I find weekly charts are difficult to read these days due to the M gyrations since March 2000. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 8:18 AM Hi Mike, Bob, Charley et al, Sorry, I've lost track of where the conversation has been as I have trouble following if I can't see a picture! Thought I was going to get away with sitting this one out, but since Mike invoked the double-secret "get off your buns" message....I've marked up a couple of charts as I see AMSG, one daily, one weekly. See them at: http://WallStreet-LLC.com/canslim/AMSG082602.jpg http://WallStreet-LLC.com/canslim/AMSG082602wkly.jpg Katherine ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 1:42 AM Subject: RE: [CANSLIM] Advice on using weekly vs. daily charts Hi Bob, My interpretation is that AMSG was in a CwH starting 6/3/02 and broke out on 8/19 and has now pulled back to just below the pivot of that pattern. Because it broke out to a high of $34, which was 7% higher than the left cup of $32.70 on 6/30, IMHO that high can't be considered a new CwH pivot as the pivot can only reach a maximum of 3% above the left side of the cup, at least according to WON. Katherine will hopefully jump in and provide more expertise on what the pattern would now be called. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of rchodes Sent: Monday, August 26, 2002 7:23 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Advice on using weekly vs. daily charts I would like some help with analyzing the chart for AMSG. This company's fundamentals look promising but I'm having trouble interpreting the chart pattern. If you look at the one year chart, would you consider the JUN 02 through the AUG 15 as the cup with a descending handle forming after AUG 15 or would you consider this a CWH starting on OCT 1 '01 with the handle beginning around JUN 02. My perception of these patterns is still unreliable and I appreciate the advice of more experienced CAMSLIM investors. Thanks in advance. By way of introduction, I am a clinical psychologist with only a novice's knowledge of CANSLIM. It's rather ironic that my own psychology has messed me up many times in my past investing decisions and I feel that CANSLIM can provide much needed structure and discipline. Bob Hodes - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 09:32:34 -0500 With the release of the disappointing Consumer Confidence numbers, the market may have reached the end of its bear market rally. Unloading will affect almost all stocks. What were the fundamental and technical reasons you purchased the stock? Are they still valid? No one can see the future. Unfortunately, you have to decide whether as my old mentor used to say, "Is the first loss, the best loss or can it get worse?" -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 9:25 AM Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Alicia Lensing" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 09:40:06 -0500 Mike: I believe the sell point is supposed to be 7-8% below the point where you bought (assuming you bought at the appropriate pivot or breakout). Since only you know your buy point, I don't think that anyone but you can determine the exit. The answer also depends on your personal criteria of buying or selling intra-day vs. end of day, versus whatever other parameter you have set. Best of luck: it's tough trading out there! Alicia ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:24 AM > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 08:06:14 -0700 Mike: Rumour has it that this 'sell-based' research firm has put out a negative report on CSTR today: http://www.offwallstreet.com/visitor/ IMHO, CSTR has been assigned a nosebleed valuation based on their real historical earnings retention. I have been shorting it/looking to short it since March. Ian ----- Original Message ----- Sent: Tuesday, August 27, 2002 7:24 AM > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Housing sector Date: 27 Aug 2002 09:40:53 -0500 As if WONs advice to ignore analysts wasn't enough, the news over the last year should be enuf to convince anyone that there is too much conflict of interest to listen to these stock pimps. If you listened to Michael Sivy in 1995-96 you went to cash to wait for the tech crash; and then missed all the fun in '99 & 2000 I think Money mag even printed a "retraction/explanation" of sorts some time after that recommendation. I have a lot respect for Sivy but only Saruman and Sauron have crystal balls and even they failed in their quests. I'll let the technicals tell me when I need to worry (which seems to be toooo often lately). Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:27 AM CBS Marketwatch has been predicting the demise of the golden-as-of-late housing sector over the past few days. Then, the latest figures show a record month for new home sales. Another example of "analysts always being wrong" (WON) or something else? Anyone have any thoughts? >From Dismal Scientist: Economic Releases Updated Monday 08/26/2002 RELEASE: Existing Home Sales [United States] (5.33 Million) FIRST TAKE: Sales of existing homes advanced off of the June lull, but remain below the frenzied pace of sales hit in the first half of this year. Low mortgage rates will continue to support housing demand, despite a lackluster expansion, some retreat in consumer confidence, and rising house prices. RELEASE: New Home Sales (C25) [United States] (1,017,000) FIRST TAKE: New home sales surprised on the upside, with sales hitting a new record. Near record low mortgage rates are keeping the demand for homes very strong. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 09:44:42 -0500 It has dipped below the 8% rule. CAN SLIM dictates you should have already sold; if you're playing CAN SLIM. If not, then good luck, you're gonna need here. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:24 AM > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 09:54:24 -0500 I know the rule...it REALLY sucks though when because you cannot watch the markets every second, and a stock drops bottom like this you are STUCK with a loss much bigger than the 8% max. I had tried stop limit orders before but was told that many times they don't help in a situation like this if it drops very fast, and you have the added disadvantage of "showing" you hand to the MM. Time will tell! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Norman To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR ission.com 08/27/2002 09:44 AM Please respond to canslim It has dipped below the 8% rule. CAN SLIM dictates you should have already sold; if you're playing CAN SLIM. If not, then good luck, you're gonna need here. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:24 AM > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 08:54:53 -0600 I think once you have gotten whacked like this, if you are able to monitor it during the day, you can try to get out at a slightly more favorable price. Maybe put some sort of sell stop under today's low, then watch for a rebound and see if you can get out a point or two higher. But you do need to sell it and not hope for a recovery. On 27 Aug 2002 at 9:24, michael_niemotka@baxter.com wrote: > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it > out to see if the day may turn a bit? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 09:56:40 -0500 Ian, Where did you "hear" this rumor? Not that I listen to analysts or rumors Norm (Now Playing: Money For Nothing-Dire Straights) ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:06 AM > Mike: > > Rumour has it that this 'sell-based' research firm has put out a negative > report on CSTR today: http://www.offwallstreet.com/visitor/ > > IMHO, CSTR has been assigned a nosebleed valuation based on their real > historical earnings retention. I have been shorting it/looking to short it > since March. > > Ian > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 7:24 AM > Subject: [CANSLIM] CSTR > > > > Does anyone know what is going on with this stock? Got in late to the > > office today and it is down 18%!!! > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > > it out to see if the day may turn a bit? > > > > Thanks > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 08:05:03 -0700 (PDT) If you can't watch the market all the time, your only option is to use stop orders. Even then a stock can gap down below your stop. If you use mental stops, you should act like if it was a hard stop; look if you would have filled if you used a hard stop and then exit it if you would have. You should only use mental stops not to "tip your hand". If you do not have the disipline to strictly follow your mental stops and to adopt a wait and see approach each time your stop is reached, you are really better off using hard stops. This is all things you should decided on before you enter a position, so that you would know what to do the moment it happen and not wonder what you should do when it happen. Trading without a plan is dangerous. - Fanus --- michael_niemotka@baxter.com wrote: > > I know the rule...it REALLY sucks though when > because you cannot watch the > markets every second, and a stock drops bottom like > this you are STUCK with > a loss much bigger than the 8% max. I had tried > stop limit orders before > but was told that many times they don't help in a > situation like this if it > drops very fast, and you have the added disadvantage > of "showing" you hand > to the MM. > > Time will tell! > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > > > Norman > > > > To: canslim@lists.xmission.com > > Sent by: > cc: > > owner-canslim@lists.xm > Subject: Re: [CANSLIM] CSTR > > ission.com > > > > > > > > > 08/27/2002 09:44 AM > > > Please respond to > > > canslim > > > > > > > > > > > > > It has dipped below the 8% rule. CAN SLIM dictates > you should have already > sold; if you're playing CAN SLIM. If not, then good > luck, you're gonna > need > here. > > Norm > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 9:24 AM > Subject: [CANSLIM] CSTR > > > > Does anyone know what is going on with this stock? > Got in late to the > > office today and it is down 18%!!! > > > > I know we are supposed to sell at 7-8%, but now do > I sell anyway, or wait > > it out to see if the day may turn a bit? > > > > Thanks > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 10:09:28 -0500 Dear Mike CSTR was a favorite of many Canslimers - with the problems we faced with buying CVH recently (too many chasing too few) we are seeing similar results, which unfortunately are on the downside. You mentioned that you got into the office late. Remember - there are people who do this for a living with millions at stake. A slight smell of weakness and they may sell some of their position to take some risk off the table - selling begets selling and before you know it CSTR is down over 20%. We have been in this situation several times before - and sold quickly - and yes much to our chagrin - some stocks came roaring back - but in other cases the stock kept declining. Throw out your ego - sell - and if CSTR sets up again look at buying it. I don't want to get too deep into wash sale rules, but you can't take and loss on CSTR if you buy it back within 30 days. Good luck Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 9:25 AM Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 10:14:10 -0500 Thanks for the advice...That is what I am going to try! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Patrick Wahl" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR ission.com 08/27/2002 09:54 AM Please respond to canslim I think once you have gotten whacked like this, if you are able to monitor it during the day, you can try to get out at a slightly more favorable price. Maybe put some sort of sell stop under today's low, then watch for a rebound and see if you can get out a point or two higher. But you do need to sell it and not hope for a recovery. On 27 Aug 2002 at 9:24, michael_niemotka@baxter.com wrote: > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it > out to see if the day may turn a bit? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 10:12:17 -0500 I know the feeling Mike. I decided to opt for the lesser of the evils, the stop loss. Not sure we can protect against these meteors though. Hope that the 50% of the time we are right it makes up for them? norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:54 AM > > I know the rule...it REALLY sucks though when because you cannot watch the > markets every second, and a stock drops bottom like this you are STUCK with > a loss much bigger than the 8% max. I had tried stop limit orders before > but was told that many times they don't help in a situation like this if it > drops very fast, and you have the added disadvantage of "showing" you hand > to the MM. > > Time will tell! > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > Norman > To: canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR > ission.com > > > 08/27/2002 09:44 AM > Please respond to > canslim > > > > > > > It has dipped below the 8% rule. CAN SLIM dictates you should have already > sold; if you're playing CAN SLIM. If not, then good luck, you're gonna > need > here. > > Norm > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 9:24 AM > Subject: [CANSLIM] CSTR > > > > Does anyone know what is going on with this stock? Got in late to the > > office today and it is down 18%!!! > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > > it out to see if the day may turn a bit? > > > > Thanks > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] 2 for fun Date: 27 Aug 2002 10:16:40 -0500 I'm not keeping lists yet but am looking at 2 issues that look like possibilities; just looking tho FCN I liked this one when it was a semi-dependable LLUR. Seems to keep popping up on Screens of the Day. I find their consulting business a little hard get a handle on but it seems to work. Right now it seems like one of those "channel stocks" that have been advertised on TV a lot lately It may be setting up for a pop as it nears it's 50DMA on lower vol; and maybe not COLM I have had an interest in this one since last year. It looks even more like a channel stock:-0 Has formed a nice c&h. I first became interested in this when I saw it's products all around me. I live on the TX gulf coast and work in the fisheries profession. As such I encounter anglers everyday. Columbia shirts, and to a lesser degree pants, dominate the accoutrements in this recreation/profession. From personal observation I would guess that close to 50% of the regular anglers wear their clothes. And the clothes are so thin that they need to be replaced frequently; trust me on this one, I know:-( And they cost a good bit more than other than their competitors. But folks like 'me. Anyway, just fun to watch 'me with no $ on the line. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 10:22:27 -0500 I appreciate all the advice that I have gotten. It is when stuff like this happens that makes me question a trading "method". I'm sure if CSTR stays down, it will only be a matter of time before I see and IBD write up using their famous 20-20 hindsight to show why it was destined to fall. Does anyone else see anything in the price volume action that would lead them to believe that this was going to happen, or is it the M that is still not strong enough? Okay, now I feel a bit better after venting. Thank you all! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 10:09 AM Please respond to canslim Dear Mike CSTR was a favorite of many Canslimers - with the problems we faced with buying CVH recently (too many chasing too few) we are seeing similar results, which unfortunately are on the downside. You mentioned that you got into the office late. Remember - there are people who do this for a living with millions at stake. A slight smell of weakness and they may sell some of their position to take some risk off the table - selling begets selling and before you know it CSTR is down over 20%. We have been in this situation several times before - and sold quickly - and yes much to our chagrin - some stocks came roaring back - but in other cases the stock kept declining. Throw out your ego - sell - and if CSTR sets up again look at buying it. I don't want to get too deep into wash sale rules, but you can't take and loss on CSTR if you buy it back within 30 days. Good luck Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 9:25 AM Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 08:52:41 -0700 I heard it from someone. But I believe that Katherine's post looked like a Briefing.com mention of the rumour. I was waiting for an end-of-day volume break below $31 before shorting CSTR this time. By the time I got up this morning, it was already at around $26 - this ugly market is making me lazy. The bright side is that the incredible Durable Orders report for July confirms my earlier observation that 'boring' corporate america has used accomodative fiscal policy to reload their coffers - as they now appear to be spending some of their new cash. Now the trick will be to see if any new growth companies emerge from it. Ian ----- Original Message ----- Sent: Tuesday, August 27, 2002 7:56 AM > Ian, > > Where did you "hear" this rumor? Not that I listen to analysts or rumors > > Norm > > (Now Playing: Money For Nothing-Dire Straights) > > ----- Original Message ----- > From: "Ian" > To: > Sent: Tuesday, August 27, 2002 10:06 AM > Subject: Re: [CANSLIM] CSTR > > > > Mike: > > > > Rumour has it that this 'sell-based' research firm has put out a negative > > report on CSTR today: http://www.offwallstreet.com/visitor/ > > > > IMHO, CSTR has been assigned a nosebleed valuation based on their real > > historical earnings retention. I have been shorting it/looking to short it > > since March. > > > > Ian > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 7:24 AM > > Subject: [CANSLIM] CSTR > > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > office today and it is down 18%!!! > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > wait > > > it out to see if the day may turn a bit? > > > > > > Thanks > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 10:34:28 -0500 Looking only at the chart, I don't see anything that would have made me sell before today. Actually looks pretty good. Maybe Ed's right, too many eyes. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM > > I appreciate all the advice that I have gotten. It is when stuff like this > happens that makes me question a trading "method". I'm sure if CSTR stays > down, it will only be a matter of time before I see and IBD write up using > their famous 20-20 hindsight to show why it was destined to fall. Does > anyone else see anything in the price volume action that would lead them to > believe that this was going to happen, or is it the M that is still not > strong enough? > > Okay, now I feel a bit better after venting. Thank you all! > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "Edward W. Gjertsen > II" To: canslim@lists.xmission.com > cc: > Sent by: Subject: RE: [CANSLIM] CSTR > owner-canslim@lists.xm > ission.com > > > 08/27/2002 10:09 AM > Please respond to > canslim > > > > > > > Dear Mike > > CSTR was a favorite of many Canslimers - with the problems we faced with > buying CVH recently (too many chasing too few) we are seeing similar > results, which unfortunately are on the downside. You mentioned that > you got into the office late. Remember - there are people who do this > for a living with millions at stake. A slight smell of weakness and > they may sell some of their position to take some risk off the table - > selling begets selling and before you know it CSTR is down over 20%. We > have been in this situation several times before - and sold quickly - > and yes much to our chagrin - some stocks came roaring back - but in > other cases the stock kept declining. Throw out your ego - sell - and > if CSTR sets up again look at buying it. I don't want to get too deep > into wash sale rules, but you can't take and loss on CSTR if you buy it > back within 30 days. Good luck > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > michael_niemotka@baxter.com > Sent: Tuesday, August 27, 2002 9:25 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] CSTR > > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 10:45:41 -0500 Michael, With the PE on CSTR in the mid 70's, there is risk. Even though WON doesn't really pay attention to PE, many do. Second, this is not the first time CSTR has fallen so quickly. One additional analysis we perform is to review charts form mini implosions. There have been many stocks we have passed over due to a volatile trading history. Stocks that have recent (6 months) daily ranges of greater than 10% carry additional risks for Canslimers. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 10:22 AM I appreciate all the advice that I have gotten. It is when stuff like this happens that makes me question a trading "method". I'm sure if CSTR stays down, it will only be a matter of time before I see and IBD write up using their famous 20-20 hindsight to show why it was destined to fall. Does anyone else see anything in the price volume action that would lead them to believe that this was going to happen, or is it the M that is still not strong enough? Okay, now I feel a bit better after venting. Thank you all! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 10:09 AM Please respond to canslim Dear Mike CSTR was a favorite of many Canslimers - with the problems we faced with buying CVH recently (too many chasing too few) we are seeing similar results, which unfortunately are on the downside. You mentioned that you got into the office late. Remember - there are people who do this for a living with millions at stake. A slight smell of weakness and they may sell some of their position to take some risk off the table - selling begets selling and before you know it CSTR is down over 20%. We have been in this situation several times before - and sold quickly - and yes much to our chagrin - some stocks came roaring back - but in other cases the stock kept declining. Throw out your ego - sell - and if CSTR sets up again look at buying it. I don't want to get too deep into wash sale rules, but you can't take and loss on CSTR if you buy it back within 30 days. Good luck Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 9:25 AM Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 09:49:17 -0600 Maybe that the handle formed part way up the right side of the cup was a warning sign? I'm assuming you would have bought a breakout at that level. When this was originally mentioned here, I looked at it and thought it was such an odd little niche business that it probably had limited growth potential. (doesn't mean it could not have moved on up a bit) On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > their famous 20-20 hindsight to show why it was destined to fall. Does > anyone else see anything in the price volume action that would lead them to > believe that this was going to happen, or is it the M that is still not > strong enough? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 10:50:41 -0500 Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 10:56:48 -0500 Ed, Thank you for that insight. I will start doing the same type of analysis with my chart readings. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 10:45 AM Please respond to canslim Michael, With the PE on CSTR in the mid 70's, there is risk. Even though WON doesn't really pay attention to PE, many do. Second, this is not the first time CSTR has fallen so quickly. One additional analysis we perform is to review charts form mini implosions. There have been many stocks we have passed over due to a volatile trading history. Stocks that have recent (6 months) daily ranges of greater than 10% carry additional risks for Canslimers. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 10:22 AM I appreciate all the advice that I have gotten. It is when stuff like this happens that makes me question a trading "method". I'm sure if CSTR stays down, it will only be a matter of time before I see and IBD write up using their famous 20-20 hindsight to show why it was destined to fall. Does anyone else see anything in the price volume action that would lead them to believe that this was going to happen, or is it the M that is still not strong enough? Okay, now I feel a bit better after venting. Thank you all! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 10:09 AM Please respond to canslim Dear Mike CSTR was a favorite of many Canslimers - with the problems we faced with buying CVH recently (too many chasing too few) we are seeing similar results, which unfortunately are on the downside. You mentioned that you got into the office late. Remember - there are people who do this for a living with millions at stake. A slight smell of weakness and they may sell some of their position to take some risk off the table - selling begets selling and before you know it CSTR is down over 20%. We have been in this situation several times before - and sold quickly - and yes much to our chagrin - some stocks came roaring back - but in other cases the stock kept declining. Throw out your ego - sell - and if CSTR sets up again look at buying it. I don't want to get too deep into wash sale rules, but you can't take and loss on CSTR if you buy it back within 30 days. Good luck Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 9:25 AM Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: Volatility (was [CANSLIM] CSTR) Date: 27 Aug 2002 10:54:19 -0500 Ed, Is this "daily range" analysis the same as ATR (avg true range) analysis? Before someone says this OT, it goes to the volatility that WON talks about so often. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:45 AM > Michael, > > With the PE on CSTR in the mid 70's, there is risk. Even though WON > doesn't really pay attention to PE, many do. Second, this is not the > first time CSTR has fallen so quickly. One additional analysis we > perform is to review charts form mini implosions. There have been many > stocks we have passed over due to a volatile trading history. Stocks > that have recent (6 months) daily ranges of greater than 10% carry > additional risks for Canslimers. > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > michael_niemotka@baxter.com > Sent: Tuesday, August 27, 2002 10:22 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] CSTR > > > I appreciate all the advice that I have gotten. It is when stuff like > this > happens that makes me question a trading "method". I'm sure if CSTR > stays > down, it will only be a matter of time before I see and IBD write up > using > their famous 20-20 hindsight to show why it was destined to fall. Does > anyone else see anything in the price volume action that would lead them > to > believe that this was going to happen, or is it the M that is still not > strong enough? > > Okay, now I feel a bit better after venting. Thank you all! > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > > "Edward W. Gjertsen > > II" To: > canslim@lists.xmission.com > cc: > > Sent by: Subject: RE: > [CANSLIM] CSTR > owner-canslim@lists.xm > > ission.com > > > > > > 08/27/2002 10:09 AM > > Please respond to > > canslim > > > > > > > > > > Dear Mike > > CSTR was a favorite of many Canslimers - with the problems we faced with > buying CVH recently (too many chasing too few) we are seeing similar > results, which unfortunately are on the downside. You mentioned that > you got into the office late. Remember - there are people who do this > for a living with millions at stake. A slight smell of weakness and > they may sell some of their position to take some risk off the table - > selling begets selling and before you know it CSTR is down over 20%. We > have been in this situation several times before - and sold quickly - > and yes much to our chagrin - some stocks came roaring back - but in > other cases the stock kept declining. Throw out your ego - sell - and > if CSTR sets up again look at buying it. I don't want to get too deep > into wash sale rules, but you can't take and loss on CSTR if you buy it > back within 30 days. Good luck > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > michael_niemotka@baxter.com > Sent: Tuesday, August 27, 2002 9:25 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] CSTR > > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 11:02:29 -0500 Katherine, Thanks for the analysis. It does make me feel a little better knowing that no one else saw it coming. And I hope you will drop the list an e-mail to let us know how the waiter at the pricey restaurant reacts when you pay for your dinner in coins! Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR ission.com 08/27/2002 10:50 AM Please respond to canslim Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 10:06:34 -0600 I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: Volatility (was [CANSLIM] CSTR) Date: 27 Aug 2002 11:08:39 -0500 Just in case it comes up....here's a description of the ATR: http://stockcharts.com/education/What/IndicatorAnalysis/indic_ATR.html Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:54 AM | Ed, | | Is this "daily range" analysis the same as ATR (avg true range) analysis? | | Before someone says this OT, it goes to the volatility that WON talks about | so often. | | Norm | ----- Original Message ----- | From: "Edward W. Gjertsen II" | To: | Sent: Tuesday, August 27, 2002 10:45 AM | Subject: RE: [CANSLIM] CSTR | | | > Michael, | > | > With the PE on CSTR in the mid 70's, there is risk. Even though WON | > doesn't really pay attention to PE, many do. Second, this is not the | > first time CSTR has fallen so quickly. One additional analysis we | > perform is to review charts form mini implosions. There have been many | > stocks we have passed over due to a volatile trading history. Stocks | > that have recent (6 months) daily ranges of greater than 10% carry | > additional risks for Canslimers. | > | > Ed Gjertsen II | > ed@macktracks.com | > | > -----Original Message----- | > From: owner-canslim@lists.xmission.com | > [mailto:owner-canslim@lists.xmission.com] On Behalf Of | > michael_niemotka@baxter.com | > Sent: Tuesday, August 27, 2002 10:22 AM | > To: canslim@lists.xmission.com | > Subject: RE: [CANSLIM] CSTR | > | > | > I appreciate all the advice that I have gotten. It is when stuff like | > this | > happens that makes me question a trading "method". I'm sure if CSTR | > stays | > down, it will only be a matter of time before I see and IBD write up | > using | > their famous 20-20 hindsight to show why it was destined to fall. Does | > anyone else see anything in the price volume action that would lead them | > to | > believe that this was going to happen, or is it the M that is still not | > strong enough? | > | > Okay, now I feel a bit better after venting. Thank you all! | > | > | > Mike Niemotka , PE | > Sr. Principal Engineer | > Baxter Healthcare Corporation | > Route 120 & Wilson Road | > Round Lake, IL 60073 | > Tel (847) 270-4075 | > Fax (847) 270-4525 | > michael_niemotka@baxter.com | > | > | > | > | > "Edward W. Gjertsen | > | > II" To: | > canslim@lists.xmission.com | > cc: | > | > Sent by: Subject: RE: | > [CANSLIM] CSTR | > owner-canslim@lists.xm | > | > ission.com | > | > | > | > | > | > 08/27/2002 10:09 AM | > | > Please respond to | > | > canslim | > | > | > | > | > | > | > | > | > | > Dear Mike | > | > CSTR was a favorite of many Canslimers - with the problems we faced with | > buying CVH recently (too many chasing too few) we are seeing similar | > results, which unfortunately are on the downside. You mentioned that | > you got into the office late. Remember - there are people who do this | > for a living with millions at stake. A slight smell of weakness and | > they may sell some of their position to take some risk off the table - | > selling begets selling and before you know it CSTR is down over 20%. We | > have been in this situation several times before - and sold quickly - | > and yes much to our chagrin - some stocks came roaring back - but in | > other cases the stock kept declining. Throw out your ego - sell - and | > if CSTR sets up again look at buying it. I don't want to get too deep | > into wash sale rules, but you can't take and loss on CSTR if you buy it | > back within 30 days. Good luck | > | > Ed Gjertsen II | > ed@macktracks.com | > | > -----Original Message----- | > From: owner-canslim@lists.xmission.com | > [mailto:owner-canslim@lists.xmission.com] On Behalf Of | > michael_niemotka@baxter.com | > Sent: Tuesday, August 27, 2002 9:25 AM | > To: canslim@lists.xmission.com | > Subject: [CANSLIM] CSTR | > | > Does anyone know what is going on with this stock? Got in late to the | > office today and it is down 18%!!! | > | > I know we are supposed to sell at 7-8%, but now do I sell anyway, or | > wait | > it out to see if the day may turn a bit? | > | > Thanks | > | > Mike Niemotka , PE | > Sr. Principal Engineer | > Baxter Healthcare Corporation | > Route 120 & Wilson Road | > Round Lake, IL 60073 | > Tel (847) 270-4075 | > Fax (847) 270-4525 | > michael_niemotka@baxter.com | > | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | > | > | > | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Marc Deiter Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 09:12:14 -0700 (PDT) Mike, I'm in the same situation as you with CSTR and may be somewhat responsible for the drop. I found IBD/CANSLIM and this list last August and have learned a tremendous amount over the last year while not trading at all. CSTR was my first stock purchase in over a year - the last two (prior to finding this list and CANSLIM) were Nortel (twice on the way down) and Global Crossing. I'm afraid I've brought my bad karma to the list :) Live and learn, Marc --- michael_niemotka@baxter.com wrote: > > Katherine, > > Thanks for the analysis. It does make me feel a little better > knowing that > no one else saw it coming. > > And I hope you will drop the list an e-mail to let us know how the > waiter > at the pricey restaurant reacts when you pay for your dinner in > coins! > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > > "Katherine Malm" > > To: > canslim@lists.xmission.com > Sent by: cc: > > owner-canslim@lists.xm Subject: Re: > [CANSLIM] CSTR > ission.com > > > > > > 08/27/2002 10:50 AM > > Please respond to > > canslim > > > > > > > > > > Hi Mike, > > Technically, this chart is about as good as it gets in a market > like > this--A > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to > the > pivot since then. I'd be hard pressed to fault the technicals > unless you > want to argue the somewhat light volume on the right side of the > cup, which > I won't, because it's insignificant in my mind. > > There are a couple of things that kept me away from CSTR---high > debt load > (though they've been restructuring debt recently, so they stay in > my sights > in the meantime) and low ROE of 5% (primarily because they only > turned EPS > positive in the last 4 quarters). Given the market is on shaky > ground, I'd > rather sit back and watch the behavior of the stock than to dive > in....preferring to stalk the trade on other stocks which are > fundamentally > stronger, but not yet finished with their bases. I also like to sit > back > and > watch most of the early stocks out of the gate after a > follow-through and > see how they're acting, CSTR included. > > I've often scratched my head at the business model.....seemed crazy > that > you > would *pay* to count your change and be happy to receive some crisp > dollar > bills and a few store coupons for the "privilege." But I understand > they're > appealing to a part of the population that is primarily cash-based > and not > to those of us who've forgotten what it looks like and instead use > our ATM > card for everything. Recently, however, I've had a greater > appreciation for > their "service" as my bank has stopped waiving their coin counting > fees > after doing so for, well, forever.... We've always kept a "change > can" and > dumped our change each day. When it's full, it's about $200....I'd > make my > ritual trek to the bank to have them count it out, then that > evening we > would go out for a pricey dinner, something we rarely do. Now that > they're > charging, however, the CSTR kiosks become an alternative. > Personally, I'm > too cheap to pay *anybody* to count my money for me, so I won't be > using > the > bank *or* CSTR...but I'll bet you there are many folks who would > consider > it. The blurb I saw on the OffWallStreet report mentioned something > about > "saturation." Though I haven't seen the report and know nothing > more than > this, I have only one thought when I hear something like that in > the same > breath as CSTR----Starbucks. > > Katherine > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 10:22 AM > Subject: RE: [CANSLIM] CSTR > > > | > | I appreciate all the advice that I have gotten. It is when stuff > like > this > | happens that makes me question a trading "method". I'm sure if > CSTR > stays > | down, it will only be a matter of time before I see and IBD write > up > using > | their famous 20-20 hindsight to show why it was destined to fall. > Does > | anyone else see anything in the price volume action that would > lead them > to > | believe that this was going to happen, or is it the M that is > still not > | strong enough? > | > | Okay, now I feel a bit better after venting. Thank you all! > | > | > | Mike Niemotka , PE > | Sr. Principal Engineer > | Baxter Healthcare Corporation > | Route 120 & Wilson Road > | Round Lake, IL 60073 > | Tel (847) 270-4075 > | Fax (847) 270-4525 > | michael_niemotka@baxter.com > | > | > | > | "Edward W. Gjertsen > | II" To: > canslim@lists.xmission.com > | cc: > | Sent by: Subject: > RE: > [CANSLIM] CSTR > | owner-canslim@lists.xm > | ission.com > | > | > | 08/27/2002 10:09 AM > | Please respond to > | canslim > | > | > | > | > | > | > | Dear Mike > | > | CSTR was a favorite of many Canslimers - with the problems we > faced with > | buying CVH recently (too many chasing too few) we are seeing > similar > | results, which unfortunately are on the downside. You mentioned > that > | you got into the office late. Remember - there are people who do > this > | for a living with millions at stake. A slight smell of weakness > and > | they may sell some of their position to take some risk off the > table - > | selling begets selling and before you know it CSTR is down over > 20%. === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 11:11:56 -0500 Katherine you are incredibly resourceful. We do not use ATR - we actually go through the daily charts to look for any historical trading issues that may cause us a premature exit from our buy. ATR may be misleading if one or two days are 10% in range. Good Luck. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 10:57 AM Ed, Thank you for that insight. I will start doing the same type of analysis with my chart readings. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 10:45 AM Please respond to canslim Michael, With the PE on CSTR in the mid 70's, there is risk. Even though WON doesn't really pay attention to PE, many do. Second, this is not the first time CSTR has fallen so quickly. One additional analysis we perform is to review charts form mini implosions. There have been many stocks we have passed over due to a volatile trading history. Stocks that have recent (6 months) daily ranges of greater than 10% carry additional risks for Canslimers. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 10:22 AM I appreciate all the advice that I have gotten. It is when stuff like this happens that makes me question a trading "method". I'm sure if CSTR stays down, it will only be a matter of time before I see and IBD write up using their famous 20-20 hindsight to show why it was destined to fall. Does anyone else see anything in the price volume action that would lead them to believe that this was going to happen, or is it the M that is still not strong enough? Okay, now I feel a bit better after venting. Thank you all! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 10:09 AM Please respond to canslim Dear Mike CSTR was a favorite of many Canslimers - with the problems we faced with buying CVH recently (too many chasing too few) we are seeing similar results, which unfortunately are on the downside. You mentioned that you got into the office late. Remember - there are people who do this for a living with millions at stake. A slight smell of weakness and they may sell some of their position to take some risk off the table - selling begets selling and before you know it CSTR is down over 20%. We have been in this situation several times before - and sold quickly - and yes much to our chagrin - some stocks came roaring back - but in other cases the stock kept declining. Throw out your ego - sell - and if CSTR sets up again look at buying it. I don't want to get too deep into wash sale rules, but you can't take and loss on CSTR if you buy it back within 30 days. Good luck Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 9:25 AM Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 11:13:36 -0500 I believe Marc should be banned from the site - oh no - I may have "touched" him by answering his email - oh nooooooooooo there goes my portfolio. Luck is what you make it Marc - the market does not care who you are or where you bought your stock. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Marc Deiter Sent: Tuesday, August 27, 2002 11:12 AM Mike, I'm in the same situation as you with CSTR and may be somewhat responsible for the drop. I found IBD/CANSLIM and this list last August and have learned a tremendous amount over the last year while not trading at all. CSTR was my first stock purchase in over a year - the last two (prior to finding this list and CANSLIM) were Nortel (twice on the way down) and Global Crossing. I'm afraid I've brought my bad karma to the list :) Live and learn, Marc --- michael_niemotka@baxter.com wrote: > > Katherine, > > Thanks for the analysis. It does make me feel a little better > knowing that > no one else saw it coming. > > And I hope you will drop the list an e-mail to let us know how the > waiter > at the pricey restaurant reacts when you pay for your dinner in > coins! > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > > "Katherine Malm" > > To: > canslim@lists.xmission.com > Sent by: cc: > > owner-canslim@lists.xm Subject: Re: > [CANSLIM] CSTR > ission.com > > > > > > 08/27/2002 10:50 AM > > Please respond to > > canslim > > > > > > > > > > Hi Mike, > > Technically, this chart is about as good as it gets in a market > like > this--A > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to > the > pivot since then. I'd be hard pressed to fault the technicals > unless you > want to argue the somewhat light volume on the right side of the > cup, which > I won't, because it's insignificant in my mind. > > There are a couple of things that kept me away from CSTR---high > debt load > (though they've been restructuring debt recently, so they stay in > my sights > in the meantime) and low ROE of 5% (primarily because they only > turned EPS > positive in the last 4 quarters). Given the market is on shaky > ground, I'd > rather sit back and watch the behavior of the stock than to dive > in....preferring to stalk the trade on other stocks which are > fundamentally > stronger, but not yet finished with their bases. I also like to sit > back > and > watch most of the early stocks out of the gate after a > follow-through and > see how they're acting, CSTR included. > > I've often scratched my head at the business model.....seemed crazy > that > you > would *pay* to count your change and be happy to receive some crisp > dollar > bills and a few store coupons for the "privilege." But I understand > they're > appealing to a part of the population that is primarily cash-based > and not > to those of us who've forgotten what it looks like and instead use > our ATM > card for everything. Recently, however, I've had a greater > appreciation for > their "service" as my bank has stopped waiving their coin counting > fees > after doing so for, well, forever.... We've always kept a "change > can" and > dumped our change each day. When it's full, it's about $200....I'd > make my > ritual trek to the bank to have them count it out, then that > evening we > would go out for a pricey dinner, something we rarely do. Now that > they're > charging, however, the CSTR kiosks become an alternative. > Personally, I'm > too cheap to pay *anybody* to count my money for me, so I won't be > using > the > bank *or* CSTR...but I'll bet you there are many folks who would > consider > it. The blurb I saw on the OffWallStreet report mentioned something > about > "saturation." Though I haven't seen the report and know nothing > more than > this, I have only one thought when I hear something like that in > the same > breath as CSTR----Starbucks. > > Katherine > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 10:22 AM > Subject: RE: [CANSLIM] CSTR > > > | > | I appreciate all the advice that I have gotten. It is when stuff > like > this > | happens that makes me question a trading "method". I'm sure if > CSTR > stays > | down, it will only be a matter of time before I see and IBD write > up > using > | their famous 20-20 hindsight to show why it was destined to fall. > Does > | anyone else see anything in the price volume action that would > lead them > to > | believe that this was going to happen, or is it the M that is > still not > | strong enough? > | > | Okay, now I feel a bit better after venting. Thank you all! > | > | > | Mike Niemotka , PE > | Sr. Principal Engineer > | Baxter Healthcare Corporation > | Route 120 & Wilson Road > | Round Lake, IL 60073 > | Tel (847) 270-4075 > | Fax (847) 270-4525 > | michael_niemotka@baxter.com > | > | > | > | "Edward W. Gjertsen > | II" To: > canslim@lists.xmission.com > | cc: > | Sent by: Subject: > RE: > [CANSLIM] CSTR > | owner-canslim@lists.xm > | ission.com > | > | > | 08/27/2002 10:09 AM > | Please respond to > | canslim > | > | > | > | > | > | > | Dear Mike > | > | CSTR was a favorite of many Canslimers - with the problems we > faced with > | buying CVH recently (too many chasing too few) we are seeing > similar > | results, which unfortunately are on the downside. You mentioned > that > | you got into the office late. Remember - there are people who do > this > | for a living with millions at stake. A slight smell of weakness > and > | they may sell some of their position to take some risk off the > table - > | selling begets selling and before you know it CSTR is down over > 20%. === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] 2 for fun Date: 27 Aug 2002 10:23:56 -0600 Norman wrote: > From personal observation I would guess that > close to 50% of the regular anglers wear their clothes. Must be interesting watching people fish down thataways. (Sorry, couldn't resist. ;-) - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 10:25:46 -0600 I've been whacked more than once like this, mostly when the stock gaps down for no discernible reason. Nothing to do but to sell, get up and dust your pants off, and go hunting for the next one. I look at it as the cost of admission. Warren michael_niemotka@baxter.com wrote: > I know the rule...it REALLY sucks though when because you cannot watch the > markets every second, and a stock drops bottom like this you are STUCK with > a loss much bigger than the 8% max. I had tried stop limit orders before > but was told that many times they don't help in a situation like this if it > drops very fast, and you have the added disadvantage of "showing" you hand > to the MM. > > Time will tell! > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > Norman > To: canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR > ission.com > > > 08/27/2002 09:44 AM > Please respond to > canslim > > > > It has dipped below the 8% rule. CAN SLIM dictates you should have already > sold; if you're playing CAN SLIM. If not, then good luck, you're gonna > need > here. > > Norm > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 9:24 AM > Subject: [CANSLIM] CSTR > > > Does anyone know what is going on with this stock? Got in late to the > > office today and it is down 18%!!! > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > > it out to see if the day may turn a bit? > > > > Thanks > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 11:24:18 -0500 Hi Ed, I'm glad Norm asked the question because your comment also piqued my interest. Let me see if I understand you.... You are doing a visual examination of the chart, looking for a pattern of wide-range days, gaps up/down, wide-loose patterns, etc.? Based on that assessment, you would avoid a chart that displayed too many of these volatile patterns? What would you do if the stock displayed these patterns but has recently tightened up? Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:11 AM | Katherine you are incredibly resourceful. We do not use ATR - we | actually go through the daily charts to look for any historical trading | issues that may cause us a premature exit from our buy. ATR may be | misleading if one or two days are 10% in range. Good Luck. | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 10:57 AM | To: canslim@lists.xmission.com | Subject: RE: [CANSLIM] CSTR | | | Ed, | | Thank you for that insight. I will start doing the same type of | analysis | with my chart readings. | | Mike | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | | "Edward W. Gjertsen | | II" To: | canslim@lists.xmission.com | cc: | | Sent by: Subject: RE: | [CANSLIM] CSTR | owner-canslim@lists.xm | | ission.com | | | | | | 08/27/2002 10:45 AM | | Please respond to | | canslim | | | | | | | | | | Michael, | | With the PE on CSTR in the mid 70's, there is risk. Even though WON | doesn't really pay attention to PE, many do. Second, this is not the | first time CSTR has fallen so quickly. One additional analysis we | perform is to review charts form mini implosions. There have been many | stocks we have passed over due to a volatile trading history. Stocks | that have recent (6 months) daily ranges of greater than 10% carry | additional risks for Canslimers. | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 10:22 AM | To: canslim@lists.xmission.com | Subject: RE: [CANSLIM] CSTR | | | I appreciate all the advice that I have gotten. It is when stuff like | this | happens that makes me question a trading "method". I'm sure if CSTR | stays | down, it will only be a matter of time before I see and IBD write up | using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them | to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | | "Edward W. Gjertsen | | II" To: | canslim@lists.xmission.com | cc: | | Sent by: Subject: RE: | [CANSLIM] CSTR | owner-canslim@lists.xm | | ission.com | | | | | | 08/27/2002 10:09 AM | | Please respond to | | canslim | | | | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 11:27:58 -0500 Marc, Well then hurry up and sell (if you have not already) so this puppy can rebound! I have been checking the Yahoo message boards , and no one can point to any real issues. Of course then you end up with the nasty fights between the longs and the shorts. It is some fun to watch. Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Marc Deiter" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR ission.com 08/27/2002 11:12 AM Please respond to canslim Mike, I'm in the same situation as you with CSTR and may be somewhat responsible for the drop. I found IBD/CANSLIM and this list last August and have learned a tremendous amount over the last year while not trading at all. CSTR was my first stock purchase in over a year - the last two (prior to finding this list and CANSLIM) were Nortel (twice on the way down) and Global Crossing. I'm afraid I've brought my bad karma to the list :) Live and learn, Marc --- michael_niemotka@baxter.com wrote: > > Katherine, > > Thanks for the analysis. It does make me feel a little better > knowing that > no one else saw it coming. > > And I hope you will drop the list an e-mail to let us know how the > waiter > at the pricey restaurant reacts when you pay for your dinner in > coins! > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > > "Katherine Malm" > > To: > canslim@lists.xmission.com > Sent by: cc: > > owner-canslim@lists.xm Subject: Re: > [CANSLIM] CSTR > ission.com > > > > > > 08/27/2002 10:50 AM > > Please respond to > > canslim > > > > > > > > > > Hi Mike, > > Technically, this chart is about as good as it gets in a market > like > this--A > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to > the > pivot since then. I'd be hard pressed to fault the technicals > unless you > want to argue the somewhat light volume on the right side of the > cup, which > I won't, because it's insignificant in my mind. > > There are a couple of things that kept me away from CSTR---high > debt load > (though they've been restructuring debt recently, so they stay in > my sights > in the meantime) and low ROE of 5% (primarily because they only > turned EPS > positive in the last 4 quarters). Given the market is on shaky > ground, I'd > rather sit back and watch the behavior of the stock than to dive > in....preferring to stalk the trade on other stocks which are > fundamentally > stronger, but not yet finished with their bases. I also like to sit > back > and > watch most of the early stocks out of the gate after a > follow-through and > see how they're acting, CSTR included. > > I've often scratched my head at the business model.....seemed crazy > that > you > would *pay* to count your change and be happy to receive some crisp > dollar > bills and a few store coupons for the "privilege." But I understand > they're > appealing to a part of the population that is primarily cash-based > and not > to those of us who've forgotten what it looks like and instead use > our ATM > card for everything. Recently, however, I've had a greater > appreciation for > their "service" as my bank has stopped waiving their coin counting > fees > after doing so for, well, forever.... We've always kept a "change > can" and > dumped our change each day. When it's full, it's about $200....I'd > make my > ritual trek to the bank to have them count it out, then that > evening we > would go out for a pricey dinner, something we rarely do. Now that > they're > charging, however, the CSTR kiosks become an alternative. > Personally, I'm > too cheap to pay *anybody* to count my money for me, so I won't be > using > the > bank *or* CSTR...but I'll bet you there are many folks who would > consider > it. The blurb I saw on the OffWallStreet report mentioned something > about > "saturation." Though I haven't seen the report and know nothing > more than > this, I have only one thought when I hear something like that in > the same > breath as CSTR----Starbucks. > > Katherine > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 10:22 AM > Subject: RE: [CANSLIM] CSTR > > > | > | I appreciate all the advice that I have gotten. It is when stuff > like > this > | happens that makes me question a trading "method". I'm sure if > CSTR > stays > | down, it will only be a matter of time before I see and IBD write > up > using > | their famous 20-20 hindsight to show why it was destined to fall. > Does > | anyone else see anything in the price volume action that would > lead them > to > | believe that this was going to happen, or is it the M that is > still not > | strong enough? > | > | Okay, now I feel a bit better after venting. Thank you all! > | > | > | Mike Niemotka , PE > | Sr. Principal Engineer > | Baxter Healthcare Corporation > | Route 120 & Wilson Road > | Round Lake, IL 60073 > | Tel (847) 270-4075 > | Fax (847) 270-4525 > | michael_niemotka@baxter.com > | > | > | > | "Edward W. Gjertsen > | II" To: > canslim@lists.xmission.com > | cc: > | Sent by: Subject: > RE: > [CANSLIM] CSTR > | owner-canslim@lists.xm > | ission.com > | > | > | 08/27/2002 10:09 AM > | Please respond to > | canslim > | > | > | > | > | > | > | Dear Mike > | > | CSTR was a favorite of many Canslimers - with the problems we > faced with > | buying CVH recently (too many chasing too few) we are seeing > similar > | results, which unfortunately are on the downside. You mentioned > that > | you got into the office late. Remember - there are people who do > this > | for a living with millions at stake. A slight smell of weakness > and > | they may sell some of their position to take some risk off the > table - > | selling begets selling and before you know it CSTR is down over > 20%. === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Marc Deiter Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 09:26:31 -0700 (PDT) Thanks Ed. I'm laughing now. I don't really believe that karma thing. I think what I'll do - for a fee - is make available to the people on the list - and IBD - the stocks I am purchasing so you can short them. Of course this information will be protected by copyright and IBD's fee will be substantially higher than the individual fee (after all, it is accessible on-line). --- "Edward W. Gjertsen II" wrote: > I believe Marc should be banned from the site - oh no - I may have > "touched" him by answering his email - oh nooooooooooo there goes > my > portfolio. Luck is what you make it Marc - the market does not > care who > you are or where you bought your stock. > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Marc Deiter > Sent: Tuesday, August 27, 2002 11:12 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] CSTR > > Mike, > > I'm in the same situation as you with CSTR and may be somewhat > responsible for the drop. I found IBD/CANSLIM and this list last > August and have learned a tremendous amount over the last year > while > not trading at all. CSTR was my first stock purchase in over a > year > - the last two (prior to finding this list and CANSLIM) were Nortel > (twice on the way down) and Global Crossing. I'm afraid I've > brought > my bad karma to the list :) > > Live and learn, > Marc > > --- michael_niemotka@baxter.com wrote: > > > > Katherine, > > > > Thanks for the analysis. It does make me feel a little better > > knowing that > > no one else saw it coming. > > > > And I hope you will drop the list an e-mail to let us know how > the > > waiter > > at the pricey restaurant reacts when you pay for your dinner in > > coins! > > > > Mike > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > > > > "Katherine Malm" > > > > > To: > > canslim@lists.xmission.com > > > Sent by: cc: > > > > > owner-canslim@lists.xm Subject: > Re: > > [CANSLIM] CSTR > > ission.com > > > > > > > > > > > > > > > 08/27/2002 10:50 AM > > > > > Please respond to > > > > > canslim > > > > > > > > > > > > > > > > > > > > > > > Hi Mike, > > > > Technically, this chart is about as good as it gets in a market > > like > > this--A > > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback > to > > the > > pivot since then. I'd be hard pressed to fault the technicals > > unless you > > want to argue the somewhat light volume on the right side of the > > cup, which > > I won't, because it's insignificant in my mind. > > > > There are a couple of things that kept me away from CSTR---high > > debt load > > (though they've been restructuring debt recently, so they stay in > > my sights > > in the meantime) and low ROE of 5% (primarily because they only > > turned EPS > > positive in the last 4 quarters). Given the market is on shaky > > ground, I'd > > rather sit back and watch the behavior of the stock than to dive > > in....preferring to stalk the trade on other stocks which are > > fundamentally > > stronger, but not yet finished with their bases. I also like to > sit > > back > > and > > watch most of the early stocks out of the gate after a > > follow-through and > > see how they're acting, CSTR included. > > > > I've often scratched my head at the business model.....seemed > crazy > > that > > you > > would *pay* to count your change and be happy to receive some > crisp > > dollar > > bills and a few store coupons for the "privilege." But I > understand > > they're > > appealing to a part of the population that is primarily > cash-based > > and not > > to those of us who've forgotten what it looks like and instead > use > > our ATM > > card for everything. Recently, however, I've had a greater > > appreciation for > > their "service" as my bank has stopped waiving their coin > counting > > fees > > after doing so for, well, forever.... We've always kept a "change > > can" and > > dumped our change each day. When it's full, it's about > $200....I'd > > make my > > ritual trek to the bank to have them count it out, then that > > evening we > > would go out for a pricey dinner, something we rarely do. Now > that > > they're > > charging, however, the CSTR kiosks become an alternative. > > Personally, I'm > > too cheap to pay *anybody* to count my money for me, so I won't > be > > using > > the > > bank *or* CSTR...but I'll bet you there are many folks who would > > consider > > it. The blurb I saw on the OffWallStreet report mentioned > something > > about > > "saturation." Though I haven't seen the report and know nothing > > more than > > this, I have only one thought when I hear something like that in > > the same > > breath as CSTR----Starbucks. > > > > Katherine > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 10:22 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > | > > | I appreciate all the advice that I have gotten. It is when > stuff > > like > > this > > | happens that makes me question a trading "method". I'm sure if > > CSTR > > stays > === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] 2 for fun Date: 27 Aug 2002 11:27:05 -0500 Tx is much more liberal than commonly believed norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:23 AM > > > Norman wrote: > > > From personal observation I would guess that > > close to 50% of the regular anglers wear their clothes. > > Must be interesting watching people fish down thataways. > > (Sorry, couldn't resist. ;-) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: [CANSLIM] CSTR Date: 27 Aug 2002 11:41:58 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00A9_01C24DBE.C0595480 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Isn't it amazing that a small consulting group short sell = recommendations in the early morning hours can knock a CWH Allstar down = over 20%, down below its 50 and 200 DMA, towards the bottom of its CWH = base. The CWH is WON's and IBD's meat and potatoes. IBD will probably = say something like it is due to CSTR's low ROE, debt, not a rising RS = line, late 3rd base, ect. But look at all of the other CSTR's technicals = and fundamentals. Pretty good aren't they? Maybe Bulkowski is right- the = CWH is not the best chart pattern after all!!! David ------=_NextPart_000_00A9_01C24DBE.C0595480 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Isn't it amazing that a small = consulting group=20 short sell recommendations in the early morning hours can knock a CWH = Allstar=20 down over 20%, down below its 50 and 200 DMA, towards the bottom of = its CWH=20 base. The CWH is WON's and IBD's meat and potatoes. IBD will probably = say=20 something like it is due to CSTR's low ROE, debt, not a rising RS line, = late 3rd=20 base, ect. But look at all of the other CSTR's technicals and = fundamentals.=20 Pretty good aren't they? Maybe Bulkowski is right- the CWH is not the = best chart=20 pattern after all!!!  David
------=_NextPart_000_00A9_01C24DBE.C0595480-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 11:30:38 -0500 We may only commit to a 1/2 position until it gives us a second chance to add Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 11:24 AM Hi Ed, I'm glad Norm asked the question because your comment also piqued my interest. Let me see if I understand you.... You are doing a visual examination of the chart, looking for a pattern of wide-range days, gaps up/down, wide-loose patterns, etc.? Based on that assessment, you would avoid a chart that displayed too many of these volatile patterns? What would you do if the stock displayed these patterns but has recently tightened up? Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:11 AM | Katherine you are incredibly resourceful. We do not use ATR - we | actually go through the daily charts to look for any historical trading | issues that may cause us a premature exit from our buy. ATR may be | misleading if one or two days are 10% in range. Good Luck. | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 10:57 AM | To: canslim@lists.xmission.com | Subject: RE: [CANSLIM] CSTR | | | Ed, | | Thank you for that insight. I will start doing the same type of | analysis | with my chart readings. | | Mike | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | | "Edward W. Gjertsen | | II" To: | canslim@lists.xmission.com | cc: | | Sent by: Subject: RE: | [CANSLIM] CSTR | owner-canslim@lists.xm | | ission.com | | | | | | 08/27/2002 10:45 AM | | Please respond to | | canslim | | | | | | | | | | Michael, | | With the PE on CSTR in the mid 70's, there is risk. Even though WON | doesn't really pay attention to PE, many do. Second, this is not the | first time CSTR has fallen so quickly. One additional analysis we | perform is to review charts form mini implosions. There have been many | stocks we have passed over due to a volatile trading history. Stocks | that have recent (6 months) daily ranges of greater than 10% carry | additional risks for Canslimers. | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 10:22 AM | To: canslim@lists.xmission.com | Subject: RE: [CANSLIM] CSTR | | | I appreciate all the advice that I have gotten. It is when stuff like | this | happens that makes me question a trading "method". I'm sure if CSTR | stays | down, it will only be a matter of time before I see and IBD write up | using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them | to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | | "Edward W. Gjertsen | | II" To: | canslim@lists.xmission.com | cc: | | Sent by: Subject: RE: | [CANSLIM] CSTR | owner-canslim@lists.xm | | ission.com | | | | | | 08/27/2002 10:09 AM | | Please respond to | | canslim | | | | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 11:52:02 -0700 ------=_NextPart_001_0000_01C24DC0.280E98A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable cnbc said it was caused by market saturation. =20 =20 ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:08 AM =20 I have a bunch of coin rolls located on my dresser and just fill them up = as I go (except for the pennies which go in a bucket in my closet) Once a ro= ll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be char= ged for it. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM Hi Mike, Technically, this chart is about as good as it gets in a market like this= --A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, whi= ch I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sigh= ts in the meantime) and low ROE of 5% (primarily because they only turned EP= S positive in the last 4 quarters). Given the market is on shaky ground, I'= d rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamental= ly stronger, but not yet finished with their bases. I also like to sit back = and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that = you would *pay* to count your change and be happy to receive some crisp dolla= r bills and a few store coupons for the "privilege." But I understand they'= re appealing to a part of the population that is primarily cash-based and no= t to those of us who've forgotten what it looks like and instead use our AT= M card for everything. Recently, however, I've had a greater appreciation f= or their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" an= d dumped our change each day. When it's full, it's about $200....I'd make m= y ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they'r= e charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using = the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR st= ays | down, it will only be a matter of time before I see and IBD write up us= ing | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead the= m to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced wit= h | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. W= e | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0000_01C24DC0.280E98A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
cnbc said= it was caused by market saturation. 
 
----- Original Message -----
From: David Taggart
<= DIV style=3D"FONT: 10pt Arial">Sent: Tuesday, August 27, 2002 9:08= AM
To: canslim@lists.xmissi= on.com
Subject: RE: [CANSLIM= ] CSTR
 
I have a bunch of coin rolls located on my = dresser and just fill them up as
I go (except for the pennies which go= in a bucket in my closet) Once a roll
is filled I then use it to buy = gas.  The gas station people never seem to
mind getting a $10 qua= rter roll or a $2 nickel roll.  It works for me
because like you = I will never haul my change to the store only to be charged
for it.
Happy Trading,
David Taggart

-----Original Message-----From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xm= ission.com]On Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 = 9:51 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CSTR<= BR>

Hi Mike,

Technically, this chart is about as good as it= gets in a market like this--A
handle 8/1 to 8/14, breakout 8/15 on vo= lume, an orderly pullback to the
pivot since then. I'd be hard pressed= to fault the technicals unless you
want to argue the somewhat light v= olume on the right side of the cup, which
I won't, because it's insign= ificant in my mind.

There are a couple of things that kept me away= from CSTR---high debt load
(though they've been restructuring debt re= cently, so they stay in my sights
in the meantime) and low ROE of 5% (= primarily because they only turned EPS
positive in the last 4 quarters= ). Given the market is on shaky ground, I'd
rather sit back and watch = the behavior of the stock than to dive
in....preferring to stalk the t= rade on other stocks which are fundamentally
stronger, but not yet fin= ished with their bases. I also like to sit back and
watch most of the = early stocks out of the gate after a follow-through and
see how they'r= e acting, CSTR included.

I've often scratched my head at the busin= ess model.....seemed crazy that you
would *pay* to count your change a= nd be happy to receive some crisp dollar
bills and a few store coupons= for the "privilege." But I understand they're
appealing to a part of = the population that is primarily cash-based and not
to those of us who= 've forgotten what it looks like and instead use our ATM
card for ever= ything. Recently, however, I've had a greater appreciation for
their "= service" as my bank has stopped waiving their coin counting fees
after= doing so for, well, forever.... We've always kept a "change can" and
= dumped our change each day. When it's full, it's about $200....I'd make m= y
ritual trek to the bank to have them count it out, then that evening= we
would go out for a pricey dinner, something we rarely do. Now that= they're
charging, however, the CSTR kiosks become an alternative. Per= sonally, I'm
too cheap to pay *anybody* to count my money for me, so I= won't be using the
bank *or* CSTR...but I'll bet you there are many f= olks who would consider
it. The blurb I saw on the OffWallStreet repor= t mentioned something about
"saturation." Though I haven't seen the re= port and know nothing more than
this, I have only one thought when I h= ear something like that in the same
breath as CSTR----Starbucks.
Katherine


----- Original Message -----
From: <michael_= niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent= : Tuesday, August 27, 2002 10:22 AM
Subject: RE: [CANSLIM] CSTR

|
| I appreciate all the advice that I have gotten.  It is w= hen stuff like
this
| happens that makes me question a trading "met= hod".  I'm sure if CSTR stays
| down, it will only be a matter of= time before I see and IBD write up using
| their famous 20-20 hindsig= ht to show why it was destined to fall.  Does
| anyone else see a= nything in the price volume action that would lead them
to
| believ= e that this was going to happen, or is it the M that is still not
| st= rong enough?
|
| Okay, now I feel a bit better after venting. = Thank you all!
|
|
| Mike Niemotka , PE
| Sr. Principal Engi= neer
| Baxter Healthcare Corporation
| Route 120 & Wilson Road<= BR>| Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) 270-4525=
| michael_niemotka@baxter.com
|
|
|
|   &n= bsp;           &nb= sp;     "Edward W. Gjertsen
|   &nb= sp;           &nbs= p;     II"       &= nbsp;           &n= bsp;       To:
canslim@lists.xmission.co= m
|           &= nbsp;         <ed@macktracks.c= om>           cc:|            = ;         Sent by:  &nb= sp;           &nbs= p;       Subject:     R= E:
[CANSLIM] CSTR
|        =              = owner-canslim@lists.xm
|       &nbs= p;            = ; ission.com
|
|
|       &nbs= p;            = ; 08/27/2002 10:09 AM
|        = ;            = Please respond to
|        &n= bsp;            ca= nslim
|
|
|
|
|
|
| Dear Mike
|
| CSTR was a f= avorite of many Canslimers - with the problems we faced with
| buying = CVH recently (too many chasing too few) we are seeing similar
| result= s, which unfortunately are on the downside.  You mentioned that
|= you got into the office late.  Remember - there are people who do t= his
| for a living with millions at stake.  A slight smell of wea= kness and
| they may sell some of their position to take some risk off= the table -
| selling begets selling and before you know it CSTR is d= own over 20%.  We
| have been in this situation several times bef= ore - and sold quickly -
| and yes much to our chagrin - some stocks c= ame roaring back - but in
| other cases the stock kept declining. = ; Throw out your ego - sell - and
| if CSTR sets up again look at buyi= ng it.  I don't want to get too deep
| into wash sale rules, but = you can't take and loss on CSTR if you buy it
| back within 30 days.&n= bsp; Good luck
|
| Ed Gjertsen II
| ed@macktracks.com
|
| = -----Original Message-----
| From: owner-canslim@lists.xmission.com| [mailto:owner-canslim@lists.xmission.com] On Behalf Of
| michael_ni= emotka@baxter.com
| Sent: Tuesday, August 27, 2002 9:25 AM
| To: ca= nslim@lists.xmission.com
| Subject: [CANSLIM] CSTR
|
| Does anyo= ne know what is going on with this stock?  Got in late to the
| o= ffice today and it is down 18%!!!
|
| I know we are supposed to sel= l at 7-8%, but now do I sell anyway, or
| wait
| it out to see if t= he day may turn a bit?
|
| Thanks
|
| Mike Niemotka , PE
|= Sr. Principal Engineer
| Baxter Healthcare Corporation
| Route 120= & Wilson Road
| Round Lake, IL 60073
| Tel (847) 270-4075
|= Fax (847) 270-4525
| michael_niemotka@baxter.com
|
|
|
| = -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| -In= the email body, write "subscribe canslim" or
| -"unsubscribe canslim"= .  Do not use quotes in your email.
|
|
| -
| -To subscr= ibe/unsubscribe, email "majordomo@xmission.com"
| -In the email body, = write "subscribe canslim" or
| -"unsubscribe canslim".  Do not us= e quotes in your email.
|
|
|
|
|
|
|
| -
| -T= o subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the emai= l body, write "subscribe canslim" or
| -"unsubscribe canslim".  D= o not use quotes in your email.


-
-To subscribe/unsubscribe= , email "majordomo@xmission.com"
-In the email body, write "subscribe = canslim" or
-"unsubscribe canslim".  Do not use quotes in your em= ail.


-
-To subscribe/unsubscribe, email "majordomo@xmission= .com"
-In the email body, write "subscribe canslim" or
-"unsubscrib= e canslim".  Do not use quotes in your email.
------=_NextPart_001_0000_01C24DC0.280E98A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 14:57:52 EDT Mike: The 50 DMA fell below-and hasn't risen above since then-the 200 day July 15th. Also, on the weekly chart, the formation is a V-shaped cup with the Right Lip a little below the left lip-so a BO had never occurred. Additonally, the RS-Line on the Daily was just a smidgen above where it was at the stock price's previous top, which was substantially lower (I'm comparing 8/5 with 8/16). On neither the day nor the weekly chart could I see a BO. Both show the high possibility of a BO (with the fundamentals and the chart-formations both alligning). I suspect that IBD will print the same thing (something like, "Fooler Charts-Charts That Looked Strong On Their Right-Side-Runup"). That said, I must confess: I was looking very seriously at CSTR to buy it. The fundamentals; the chart; and the technical (I use MACD and an ROC-type tool) all pointed that the stock should be bought. I didn't buy it because of only 1 or 2 thing: The Market (and perhaps because I am now kind of trigger-shy, having been in cash since this LOOOONG bear began) jans In a message dated 8/27/2002 11:21:10 AM Eastern Daylight Time, michael_niemotka@baxter.com writes: << Does anyone else see anything in the price volume action that would lead them to believe that this was going to happen, or is it the M that is still not strong enough? >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 12:44:13 -0700 Mike: If it makes you feel better - I was looking for chart weakness so that I could intitate another short position - and I hadn't found any weakness before today. I would say that technically, the stock has behaved extremely strongly up until today - strong enough to scare me away from shorting it. Just my 2 cents. Ian ----- Original Message ----- Sent: Tuesday, August 27, 2002 8:22 AM > > I appreciate all the advice that I have gotten. It is when stuff like this > happens that makes me question a trading "method". I'm sure if CSTR stays > down, it will only be a matter of time before I see and IBD write up using > their famous 20-20 hindsight to show why it was destined to fall. Does > anyone else see anything in the price volume action that would lead them to > believe that this was going to happen, or is it the M that is still not > strong enough? > > Okay, now I feel a bit better after venting. Thank you all! > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "Edward W. Gjertsen > II" To: canslim@lists.xmission.com > cc: > Sent by: Subject: RE: [CANSLIM] CSTR > owner-canslim@lists.xm > ission.com > > > 08/27/2002 10:09 AM > Please respond to > canslim > > > > > > > Dear Mike > > CSTR was a favorite of many Canslimers - with the problems we faced with > buying CVH recently (too many chasing too few) we are seeing similar > results, which unfortunately are on the downside. You mentioned that > you got into the office late. Remember - there are people who do this > for a living with millions at stake. A slight smell of weakness and > they may sell some of their position to take some risk off the table - > selling begets selling and before you know it CSTR is down over 20%. We > have been in this situation several times before - and sold quickly - > and yes much to our chagrin - some stocks came roaring back - but in > other cases the stock kept declining. Throw out your ego - sell - and > if CSTR sets up again look at buying it. I don't want to get too deep > into wash sale rules, but you can't take and loss on CSTR if you buy it > back within 30 days. Good luck > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > michael_niemotka@baxter.com > Sent: Tuesday, August 27, 2002 9:25 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] CSTR > > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 09:35:12 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_00C2_01C24DAD.0AD04EE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation. ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00C2_01C24DAD.0AD04EE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Does anyone=20 know what "market saturation" is?
 
I'm somewhat=20 gratified by the several comments about the strength of CSTR's chart, = because my=20 own algorithm had rated it top of about 50 CwH patterns yesterday. It = would have=20 been better with less volatility and less volume in the handle, but no = stock's=20 perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 AM
To: = canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my dresser = and just=20 fill them up as
I go (except for the pennies which go in a bucket = in my=20 closet) Once a roll
is filled I then use it to buy gas.  The = gas=20 station people never seem to
mind getting a $10 quarter roll or a = $2=20 nickel roll.  It works for me
because like you I will never = haul my=20 change to the store only to be charged
for it.

Happy=20 Trading,
David Taggart

-----Original Message-----
From: = = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets in = a market=20 like this--A
handle 8/1 to 8/14, breakout 8/15 on volume, an = orderly=20 pullback to the
pivot since then. I'd be hard pressed to fault = the=20 technicals unless you
want to argue the somewhat light volume on = the=20 right side of the cup, which
I won't, because it's insignificant = in my=20 mind.

There are a couple of things that kept me away from = CSTR---high=20 debt load
(though they've been restructuring debt recently, so = they stay=20 in my sights
in the meantime) and low ROE of 5% (primarily = because they=20 only turned EPS
positive in the last 4 quarters). Given the = market is on=20 shaky ground, I'd
rather sit back and watch the behavior of the = stock=20 than to dive
in....preferring to stalk the trade on other stocks = which=20 are fundamentally
stronger, but not yet finished with their = bases. I also=20 like to sit back and
watch most of the early stocks out of the = gate after=20 a follow-through and
see how they're acting, CSTR = included.

I've=20 often scratched my head at the business model.....seemed crazy that=20 you
would *pay* to count your change and be happy to receive some = crisp=20 dollar
bills and a few store coupons for the "privilege." But I=20 understand they're
appealing to a part of the population that is=20 primarily cash-based and not
to those of us who've forgotten what = it=20 looks like and instead use our ATM
card for everything. Recently, = however, I've had a greater appreciation for
their "service" as = my bank=20 has stopped waiving their coin counting fees
after doing so for, = well,=20 forever.... We've always kept a "change can" and
dumped our = change each=20 day. When it's full, it's about $200....I'd make my
ritual trek = to the=20 bank to have them count it out, then that evening we
would go out = for a=20 pricey dinner, something we rarely do. Now that they're
charging, = however, the CSTR kiosks become an alternative. Personally, = I'm
too cheap=20 to pay *anybody* to count my money for me, so I won't be using = the
bank=20 *or* CSTR...but I'll bet you there are many folks who would = consider
it.=20 The blurb I saw on the OffWallStreet report mentioned something=20 about
"saturation." Though I haven't seen the report and know = nothing=20 more than
this, I have only one thought when I hear something = like that=20 in the same
breath as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 = 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate all = the=20 advice that I have gotten.  It is when stuff like
this
| = happens=20 that makes me question a trading "method".  I'm sure if CSTR = stays
|=20 down, it will only be a matter of time before I see and IBD write up = using
| their famous 20-20 hindsight to show why it was destined = to=20 fall.  Does
| anyone else see anything in the price volume = action=20 that would lead them
to
| believe that this was going to = happen, or is=20 it the M that is still not
| strong enough?
|
| Okay, now I = feel a=20 bit better after venting.  Thank you all!
|
|
| Mike = Niemotka=20 , PE
| Sr. Principal Engineer
| Baxter Healthcare = Corporation
|=20 Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel (847) = 270-4075
| Fax (847) 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| CSTR = was a=20 favorite of many Canslimers - with the problems we faced with
| = buying=20 CVH recently (too many chasing too few) we are seeing similar
| = results,=20 which unfortunately are on the downside.  You mentioned = that
| you=20 got into the office late.  Remember - there are people who do = this
|=20 for a living with millions at stake.  A slight smell of = weakness=20 and
| they may sell some of their position to take some risk off = the=20 table -
| selling begets selling and before you know it CSTR is = down over=20 20%.  We
| have been in this situation several times before = - and=20 sold quickly -
| and yes much to our chagrin - some stocks came = roaring=20 back - but in
| other cases the stock kept declining.  Throw = out=20 your ego - sell - and
| if CSTR sets up again look at buying = it.  I=20 don't want to get too deep
| into wash sale rules, but you can't = take and=20 loss on CSTR if you buy it
| back within 30 days.  Good=20 luck
|
| Ed Gjertsen II
| ed@macktracks.com
|
| = -----Original=20 Message-----
| From: owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 9:25 = AM
|=20 To: canslim@lists.xmission.com
| Subject: [CANSLIM] = CSTR
|
| Does=20 anyone know what is going on with this stock?  Got in late to = the
|=20 office today and it is down 18%!!!
|
| I know we are supposed = to sell=20 at 7-8%, but now do I sell anyway, or
| wait
| it out to see = if the=20 day may turn a bit?
|
| Thanks
|
| Mike Niemotka , = PE
| Sr.=20 Principal Engineer
| Baxter Healthcare Corporation
| Route 120 = &=20 Wilson Road
| Round Lake, IL 60073
| Tel (847) 270-4075
| = Fax (847)=20 270-4525
| michael_niemotka@baxter.com
|
|
|
| -
| = -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do not=20 use quotes in your email.
|
|
| -
| -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
| -In the email body, write = "subscribe=20 canslim" or
| -"unsubscribe canslim".  Do not use quotes in = your=20 email.
|
|
|
|
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do not=20 use quotes in your email.


-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_00C2_01C24DAD.0AD04EE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 14:55:07 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_002C_01C24DD9.BB968100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike, too much competition, with other services, and not enough need vs. = valuation. dave ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 2:35 PM Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of = CSTR's chart, because my own algorithm had rated it top of about 50 CwH = patterns yesterday. It would have been better with less volatility and = less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation.=20 ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill = them up as I go (except for the pennies which go in a bucket in my closet) = Once a roll is filled I then use it to buy gas. The gas station people never = seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for = me because like you I will never haul my change to the store only to = be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market = like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback = to the pivot since then. I'd be hard pressed to fault the technicals = unless you want to argue the somewhat light volume on the right side of the = cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high = debt load (though they've been restructuring debt recently, so they stay in = my sights in the meantime) and low ROE of 5% (primarily because they only = turned EPS positive in the last 4 quarters). Given the market is on shaky = ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are = fundamentally stronger, but not yet finished with their bases. I also like to = sit back and watch most of the early stocks out of the gate after a = follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed = crazy that you would *pay* to count your change and be happy to receive some = crisp dollar bills and a few store coupons for the "privilege." But I = understand they're appealing to a part of the population that is primarily cash-based = and not to those of us who've forgotten what it looks like and instead use = our ATM card for everything. Recently, however, I've had a greater = appreciation for their "service" as my bank has stopped waiving their coin counting = fees after doing so for, well, forever.... We've always kept a "change = can" and dumped our change each day. When it's full, it's about $200....I'd = make my ritual trek to the bank to have them count it out, then that = evening we would go out for a pricey dinner, something we rarely do. Now that = they're charging, however, the CSTR kiosks become an alternative. = Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be = using the bank *or* CSTR...but I'll bet you there are many folks who would = consider it. The blurb I saw on the OffWallStreet report mentioned = something about "saturation." Though I haven't seen the report and know nothing = more than this, I have only one thought when I hear something like that in = the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when = stuff like this | happens that makes me question a trading "method". I'm sure if = CSTR stays | down, it will only be a matter of time before I see and IBD = write up using | their famous 20-20 hindsight to show why it was destined to = fall. Does | anyone else see anything in the price volume action that would = lead them to | believe that this was going to happen, or is it the M that is = still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: = RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we = faced with | buying CVH recently (too many chasing too few) we are seeing = similar | results, which unfortunately are on the downside. You mentioned = that | you got into the office late. Remember - there are people who = do this | for a living with millions at stake. A slight smell of weakness = and | they may sell some of their position to take some risk off the = table - | selling begets selling and before you know it CSTR is down over = 20%. We | have been in this situation several times before - and sold = quickly - | and yes much to our chagrin - some stocks came roaring back - = but in | other cases the stock kept declining. Throw out your ego - sell = - and | if CSTR sets up again look at buying it. I don't want to get = too deep | into wash sale rules, but you can't take and loss on CSTR if you = buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late = to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell = anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_002C_01C24DD9.BB968100 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike, too much competition, with other = services, and=20 not enough need vs. valuation. dave
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, 2002 = 2:35=20 PM
Subject: RE: [CANSLIM] = CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's chart,=20 because my own algorithm had rated it top of about 50 CwH patterns = yesterday.=20 It would have been better with less volatility and less volume in the = handle,=20 but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in a = bucket=20 in my closet) Once a roll
is filled I then use it to buy = gas.  The=20 gas station people never seem to
mind getting a $10 quarter = roll or a=20 $2 nickel roll.  It works for me
because like you I will = never=20 haul my change to the store only to be charged
for = it.

Happy=20 Trading,
David Taggart

-----Original = Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets = in a=20 market like this--A
handle 8/1 to 8/14, breakout 8/15 on = volume, an=20 orderly pullback to the
pivot since then. I'd be hard pressed = to fault=20 the technicals unless you
want to argue the somewhat light = volume on=20 the right side of the cup, which
I won't, because it's = insignificant in=20 my mind.

There are a couple of things that kept me away = from=20 CSTR---high debt load
(though they've been restructuring debt = recently,=20 so they stay in my sights
in the meantime) and low ROE of 5% = (primarily=20 because they only turned EPS
positive in the last 4 quarters). = Given=20 the market is on shaky ground, I'd
rather sit back and watch = the=20 behavior of the stock than to dive
in....preferring to stalk = the trade=20 on other stocks which are fundamentally
stronger, but not yet = finished=20 with their bases. I also like to sit back and
watch most of the = early=20 stocks out of the gate after a follow-through and
see how = they're=20 acting, CSTR included.

I've often scratched my head at the = business=20 model.....seemed crazy that you
would *pay* to count your = change and be=20 happy to receive some crisp dollar
bills and a few store = coupons for=20 the "privilege." But I understand they're
appealing to a part = of the=20 population that is primarily cash-based and not
to those of us = who've=20 forgotten what it looks like and instead use our ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting=20 fees
after doing so for, well, forever.... We've always kept a = "change=20 can" and
dumped our change each day. When it's full, it's about = $200....I'd make my
ritual trek to the bank to have them count = it out,=20 then that evening we
would go out for a pricey dinner, = something we=20 rarely do. Now that they're
charging, however, the CSTR kiosks = become=20 an alternative. Personally, I'm
too cheap to pay *anybody* to = count my=20 money for me, so I won't be using the
bank *or* CSTR...but I'll = bet you=20 there are many folks who would consider
it. The blurb I saw on = the=20 OffWallStreet report mentioned something about
"saturation." = Though I=20 haven't seen the report and know nothing more than
this, I have = only=20 one thought when I hear something like that in the same
breath = as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate = all the=20 advice that I have gotten.  It is when stuff = like
this
|=20 happens that makes me question a trading "method".  I'm sure = if CSTR=20 stays
| down, it will only be a matter of time before I see and = IBD=20 write up using
| their famous 20-20 hindsight to show why it = was=20 destined to fall.  Does
| anyone else see anything in the = price=20 volume action that would lead them
to
| believe that this = was going=20 to happen, or is it the M that is still not
| strong = enough?
|
|=20 Okay, now I feel a bit better after venting.  Thank you=20 all!
|
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was a=20 favorite of many Canslimers - with the problems we faced with
| = buying=20 CVH recently (too many chasing too few) we are seeing similar
| = results, which unfortunately are on the downside.  You = mentioned=20 that
| you got into the office late.  Remember - there are = people=20 who do this
| for a living with millions at stake.  A = slight smell=20 of weakness and
| they may sell some of their position to take = some=20 risk off the table -
| selling begets selling and before you = know it=20 CSTR is down over 20%.  We
| have been in this situation = several=20 times before - and sold quickly -
| and yes much to our chagrin = - some=20 stocks came roaring back - but in
| other cases the stock kept=20 declining.  Throw out your ego - sell - and
| if CSTR sets = up=20 again look at buying it.  I don't want to get too deep
| = into wash=20 sale rules, but you can't take and loss on CSTR if you buy it
| = back=20 within 30 days.  Good luck
|
| Ed Gjertsen II
|=20 ed@macktracks.com
|
| -----Original Message-----
| From:=20 owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 michael_niemotka@baxter.com
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
| -In=20 the email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do not=20 use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_002C_01C24DD9.BB968100-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 13:51:38 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0002_01C24DD0.DD72CDA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I think it was a great looking Cup/Handle just had some people that thought the news this morning was really bad is all. It happens every once in a while just that this time it also had strong earnings growth so some got burned. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons Sent: Tuesday, August 27, 2002 1:35 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation. ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0002_01C24DD0.DD72CDA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I think it = was a great=20 looking Cup/Handle just had some people that thought the news this = morning was=20 really bad is all.  It happens every once in a while just that this = time it=20 also had strong earnings growth so some got burned.  =
 
 
Happy=20 Trading,
David Taggart
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike=20 Gibbons
Sent: Tuesday, August 27, 2002 1:35 PM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM]=20 CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's chart,=20 because my own algorithm had rated it top of about 50 CwH patterns = yesterday.=20 It would have been better with less volatility and less volume in the = handle,=20 but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in a = bucket=20 in my closet) Once a roll
is filled I then use it to buy = gas.  The=20 gas station people never seem to
mind getting a $10 quarter = roll or a=20 $2 nickel roll.  It works for me
because like you I will = never=20 haul my change to the store only to be charged
for = it.

Happy=20 Trading,
David Taggart

-----Original = Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets = in a=20 market like this--A
handle 8/1 to 8/14, breakout 8/15 on = volume, an=20 orderly pullback to the
pivot since then. I'd be hard pressed = to fault=20 the technicals unless you
want to argue the somewhat light = volume on=20 the right side of the cup, which
I won't, because it's = insignificant in=20 my mind.

There are a couple of things that kept me away = from=20 CSTR---high debt load
(though they've been restructuring debt = recently,=20 so they stay in my sights
in the meantime) and low ROE of 5% = (primarily=20 because they only turned EPS
positive in the last 4 quarters). = Given=20 the market is on shaky ground, I'd
rather sit back and watch = the=20 behavior of the stock than to dive
in....preferring to stalk = the trade=20 on other stocks which are fundamentally
stronger, but not yet = finished=20 with their bases. I also like to sit back and
watch most of the = early=20 stocks out of the gate after a follow-through and
see how = they're=20 acting, CSTR included.

I've often scratched my head at the = business=20 model.....seemed crazy that you
would *pay* to count your = change and be=20 happy to receive some crisp dollar
bills and a few store = coupons for=20 the "privilege." But I understand they're
appealing to a part = of the=20 population that is primarily cash-based and not
to those of us = who've=20 forgotten what it looks like and instead use our ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting=20 fees
after doing so for, well, forever.... We've always kept a = "change=20 can" and
dumped our change each day. When it's full, it's about = $200....I'd make my
ritual trek to the bank to have them count = it out,=20 then that evening we
would go out for a pricey dinner, = something we=20 rarely do. Now that they're
charging, however, the CSTR kiosks = become=20 an alternative. Personally, I'm
too cheap to pay *anybody* to = count my=20 money for me, so I won't be using the
bank *or* CSTR...but I'll = bet you=20 there are many folks who would consider
it. The blurb I saw on = the=20 OffWallStreet report mentioned something about
"saturation." = Though I=20 haven't seen the report and know nothing more than
this, I have = only=20 one thought when I hear something like that in the same
breath = as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate = all the=20 advice that I have gotten.  It is when stuff = like
this
|=20 happens that makes me question a trading "method".  I'm sure = if CSTR=20 stays
| down, it will only be a matter of time before I see and = IBD=20 write up using
| their famous 20-20 hindsight to show why it = was=20 destined to fall.  Does
| anyone else see anything in the = price=20 volume action that would lead them
to
| believe that this = was going=20 to happen, or is it the M that is still not
| strong = enough?
|
|=20 Okay, now I feel a bit better after venting.  Thank you=20 all!
|
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was a=20 favorite of many Canslimers - with the problems we faced with
| = buying=20 CVH recently (too many chasing too few) we are seeing similar
| = results, which unfortunately are on the downside.  You = mentioned=20 that
| you got into the office late.  Remember - there are = people=20 who do this
| for a living with millions at stake.  A = slight smell=20 of weakness and
| they may sell some of their position to take = some=20 risk off the table -
| selling begets selling and before you = know it=20 CSTR is down over 20%.  We
| have been in this situation = several=20 times before - and sold quickly -
| and yes much to our chagrin = - some=20 stocks came roaring back - but in
| other cases the stock kept=20 declining.  Throw out your ego - sell - and
| if CSTR sets = up=20 again look at buying it.  I don't want to get too deep
| = into wash=20 sale rules, but you can't take and loss on CSTR if you buy it
| = back=20 within 30 days.  Good luck
|
| Ed Gjertsen II
|=20 ed@macktracks.com
|
| -----Original Message-----
| From:=20 owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 michael_niemotka@baxter.com
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
| -In=20 the email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do not=20 use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0002_01C24DD0.DD72CDA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 09:56:19 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_00CE_01C24DAF.FDEBCDA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Ah, real world marketplace saturation vs. stock market saturation. Thanks Dave. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of david frank Sent: Tuesday, August 27, 2002 9:55 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Mike, too much competition, with other services, and not enough need vs. valuation. dave ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 2:35 PM Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation. ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00CE_01C24DAF.FDEBCDA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ah, real=20 world marketplace saturation vs. stock market saturation. Thanks=20 Dave.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of david=20 frank
Sent: Tuesday, August 27, 2002 9:55 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CSTR

Mike, too much competition, with other=20 services, and not enough need vs. valuation. = dave
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, = 2002 2:35=20 PM
Subject: RE: [CANSLIM] = CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's=20 chart, because my own algorithm had rated it top of about 50 CwH = patterns=20 yesterday. It would have been better with less volatility and less = volume in=20 the handle, but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY = POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market = saturation. 
 
----- Original Message = -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in = a=20 bucket in my closet) Once a roll
is filled I then use it to = buy=20 gas.  The gas station people never seem to
mind getting = a $10=20 quarter roll or a $2 nickel roll.  It works for = me
because like=20 you I will never haul my change to the store only to be = charged
for=20 it.

Happy Trading,
David Taggart

-----Original=20 Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51=20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CSTR


Hi Mike,

Technically, this chart is about = as good=20 as it gets in a market like this--A
handle 8/1 to 8/14, = breakout 8/15=20 on volume, an orderly pullback to the
pivot since then. I'd = be hard=20 pressed to fault the technicals unless you
want to argue the = somewhat=20 light volume on the right side of the cup, which
I won't, = because=20 it's insignificant in my mind.

There are a couple of = things that=20 kept me away from CSTR---high debt load
(though they've been=20 restructuring debt recently, so they stay in my sights
in the = meantime) and low ROE of 5% (primarily because they only turned=20 EPS
positive in the last 4 quarters). Given the market is on = shaky=20 ground, I'd
rather sit back and watch the behavior of the = stock than=20 to dive
in....preferring to stalk the trade on other stocks = which are=20 fundamentally
stronger, but not yet finished with their = bases. I also=20 like to sit back and
watch most of the early stocks out of = the gate=20 after a follow-through and
see how they're acting, CSTR=20 included.

I've often scratched my head at the business=20 model.....seemed crazy that you
would *pay* to count your = change and=20 be happy to receive some crisp dollar
bills and a few store = coupons=20 for the "privilege." But I understand they're
appealing to a = part of=20 the population that is primarily cash-based and not
to those = of us=20 who've forgotten what it looks like and instead use our = ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting fees
after doing so for, well, forever.... We've = always kept=20 a "change can" and
dumped our change each day. When it's = full, it's=20 about $200....I'd make my
ritual trek to the bank to have = them count=20 it out, then that evening we
would go out for a pricey = dinner,=20 something we rarely do. Now that they're
charging, however, = the CSTR=20 kiosks become an alternative. Personally, I'm
too cheap to = pay=20 *anybody* to count my money for me, so I won't be using = the
bank *or*=20 CSTR...but I'll bet you there are many folks who would = consider
it.=20 The blurb I saw on the OffWallStreet report mentioned something=20 about
"saturation." Though I haven't seen the report and know = nothing=20 more than
this, I have only one thought when I hear something = like=20 that in the same
breath as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002=20 10:22 AM
Subject: RE: [CANSLIM] CSTR


|
| I = appreciate=20 all the advice that I have gotten.  It is when stuff=20 like
this
| happens that makes me question a trading=20 "method".  I'm sure if CSTR stays
| down, it will only = be a=20 matter of time before I see and IBD write up using
| their = famous=20 20-20 hindsight to show why it was destined to fall.  = Does
|=20 anyone else see anything in the price volume action that would = lead=20 them
to
| believe that this was going to happen, or is it = the M=20 that is still not
| strong enough?
|
| Okay, now I feel = a bit=20 better after venting.  Thank you all!
|
|
| Mike = Niemotka=20 , PE
| Sr. Principal Engineer
| Baxter Healthcare = Corporation
|=20 Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel = (847)=20 270-4075
| Fax (847) 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was=20 a favorite of many Canslimers - with the problems we faced = with
|=20 buying CVH recently (too many chasing too few) we are seeing=20 similar
| results, which unfortunately are on the = downside.  You=20 mentioned that
| you got into the office late.  Remember = - there=20 are people who do this
| for a living with millions at = stake.  A=20 slight smell of weakness and
| they may sell some of their = position=20 to take some risk off the table -
| selling begets selling = and before=20 you know it CSTR is down over 20%.  We
| have been in = this=20 situation several times before - and sold quickly -
| and yes = much to=20 our chagrin - some stocks came roaring back - but in
| other = cases=20 the stock kept declining.  Throw out your ego - sell - = and
| if=20 CSTR sets up again look at buying it.  I don't want to get = too=20 deep
| into wash sale rules, but you can't take and loss on = CSTR if=20 you buy it
| back within 30 days.  Good luck
|
| = Ed=20 Gjertsen II
| ed@macktracks.com
|
| -----Original=20 Message-----
| From: owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
|=20 Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847)=20 270-4525
| michael_niemotka@baxter.com
|
|
|
| = -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
|=20 -In the email body, write "subscribe canslim" or
| = -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In the email body, write = "subscribe=20 canslim" or
-"unsubscribe canslim".  Do not use quotes = in your=20 = email.
------=_NextPart_000_00CE_01C24DAF.FDEBCDA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 16:00:01 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0080_01C24DE2.CCF2B140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike: My understanding is that CSTR machines were located primarily in Kroger, = Albertson and Safeway stores. Nationwide, these chains have 3600+2400+1770 =3D 7700 locations. There are 9300 CSTR outlets currently, and promises of installing an = additional 800 in a year. However, it so happens that the three named chains have been closing = outlets faster than snowflakes melting on a summer's day. Thus the CSTR installation has been shrinking as the stores close, so = fewer places to pay 9% for someone to count your money. =20 ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 3:35 PM Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of = CSTR's chart, because my own algorithm had rated it top of about 50 CwH = patterns yesterday. It would have been better with less volatility and = less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation.=20 ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill = them up as I go (except for the pennies which go in a bucket in my closet) = Once a roll is filled I then use it to buy gas. The gas station people never = seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for = me because like you I will never haul my change to the store only to = be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market = like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback = to the pivot since then. I'd be hard pressed to fault the technicals = unless you want to argue the somewhat light volume on the right side of the = cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high = debt load (though they've been restructuring debt recently, so they stay in = my sights in the meantime) and low ROE of 5% (primarily because they only = turned EPS positive in the last 4 quarters). Given the market is on shaky = ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are = fundamentally stronger, but not yet finished with their bases. I also like to = sit back and watch most of the early stocks out of the gate after a = follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed = crazy that you would *pay* to count your change and be happy to receive some = crisp dollar bills and a few store coupons for the "privilege." But I = understand they're appealing to a part of the population that is primarily cash-based = and not to those of us who've forgotten what it looks like and instead use = our ATM card for everything. Recently, however, I've had a greater = appreciation for their "service" as my bank has stopped waiving their coin counting = fees after doing so for, well, forever.... We've always kept a "change = can" and dumped our change each day. When it's full, it's about $200....I'd = make my ritual trek to the bank to have them count it out, then that = evening we would go out for a pricey dinner, something we rarely do. Now that = they're charging, however, the CSTR kiosks become an alternative. = Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be = using the bank *or* CSTR...but I'll bet you there are many folks who would = consider it. The blurb I saw on the OffWallStreet report mentioned = something about "saturation." Though I haven't seen the report and know nothing = more than this, I have only one thought when I hear something like that in = the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when = stuff like this | happens that makes me question a trading "method". I'm sure if = CSTR stays | down, it will only be a matter of time before I see and IBD = write up using | their famous 20-20 hindsight to show why it was destined to = fall. Does | anyone else see anything in the price volume action that would = lead them to | believe that this was going to happen, or is it the M that is = still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: = RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we = faced with | buying CVH recently (too many chasing too few) we are seeing = similar | results, which unfortunately are on the downside. You mentioned = that | you got into the office late. Remember - there are people who = do this | for a living with millions at stake. A slight smell of weakness = and | they may sell some of their position to take some risk off the = table - | selling begets selling and before you know it CSTR is down over = 20%. We | have been in this situation several times before - and sold = quickly - | and yes much to our chagrin - some stocks came roaring back - = but in | other cases the stock kept declining. Throw out your ego - sell = - and | if CSTR sets up again look at buying it. I don't want to get = too deep | into wash sale rules, but you can't take and loss on CSTR if you = buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late = to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell = anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0080_01C24DE2.CCF2B140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike:
 
My understanding is that CSTR = machines were=20 located primarily in Kroger, Albertson and Safeway stores.
Nationwide, these chains have =20 3600+2400+1770 =3D 7700 locations.
There are 9300 CSTR outlets = currently, and=20 promises of installing an additional 800 in a year.
However, it so happens that the = three named=20 chains have been closing outlets faster than snowflakes melting on a = summer's=20 day.
Thus the CSTR installation has been = shrinking=20 as the stores close, so fewer places to pay 9% for someone to count your = money.
 
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, 2002 = 3:35=20 PM
Subject: RE: [CANSLIM] = CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's chart,=20 because my own algorithm had rated it top of about 50 CwH patterns = yesterday.=20 It would have been better with less volatility and less volume in the = handle,=20 but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in a = bucket=20 in my closet) Once a roll
is filled I then use it to buy = gas.  The=20 gas station people never seem to
mind getting a $10 quarter = roll or a=20 $2 nickel roll.  It works for me
because like you I will = never=20 haul my change to the store only to be charged
for = it.

Happy=20 Trading,
David Taggart

-----Original = Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets = in a=20 market like this--A
handle 8/1 to 8/14, breakout 8/15 on = volume, an=20 orderly pullback to the
pivot since then. I'd be hard pressed = to fault=20 the technicals unless you
want to argue the somewhat light = volume on=20 the right side of the cup, which
I won't, because it's = insignificant in=20 my mind.

There are a couple of things that kept me away = from=20 CSTR---high debt load
(though they've been restructuring debt = recently,=20 so they stay in my sights
in the meantime) and low ROE of 5% = (primarily=20 because they only turned EPS
positive in the last 4 quarters). = Given=20 the market is on shaky ground, I'd
rather sit back and watch = the=20 behavior of the stock than to dive
in....preferring to stalk = the trade=20 on other stocks which are fundamentally
stronger, but not yet = finished=20 with their bases. I also like to sit back and
watch most of the = early=20 stocks out of the gate after a follow-through and
see how = they're=20 acting, CSTR included.

I've often scratched my head at the = business=20 model.....seemed crazy that you
would *pay* to count your = change and be=20 happy to receive some crisp dollar
bills and a few store = coupons for=20 the "privilege." But I understand they're
appealing to a part = of the=20 population that is primarily cash-based and not
to those of us = who've=20 forgotten what it looks like and instead use our ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting=20 fees
after doing so for, well, forever.... We've always kept a = "change=20 can" and
dumped our change each day. When it's full, it's about = $200....I'd make my
ritual trek to the bank to have them count = it out,=20 then that evening we
would go out for a pricey dinner, = something we=20 rarely do. Now that they're
charging, however, the CSTR kiosks = become=20 an alternative. Personally, I'm
too cheap to pay *anybody* to = count my=20 money for me, so I won't be using the
bank *or* CSTR...but I'll = bet you=20 there are many folks who would consider
it. The blurb I saw on = the=20 OffWallStreet report mentioned something about
"saturation." = Though I=20 haven't seen the report and know nothing more than
this, I have = only=20 one thought when I hear something like that in the same
breath = as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate = all the=20 advice that I have gotten.  It is when stuff = like
this
|=20 happens that makes me question a trading "method".  I'm sure = if CSTR=20 stays
| down, it will only be a matter of time before I see and = IBD=20 write up using
| their famous 20-20 hindsight to show why it = was=20 destined to fall.  Does
| anyone else see anything in the = price=20 volume action that would lead them
to
| believe that this = was going=20 to happen, or is it the M that is still not
| strong = enough?
|
|=20 Okay, now I feel a bit better after venting.  Thank you=20 all!
|
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was a=20 favorite of many Canslimers - with the problems we faced with
| = buying=20 CVH recently (too many chasing too few) we are seeing similar
| = results, which unfortunately are on the downside.  You = mentioned=20 that
| you got into the office late.  Remember - there are = people=20 who do this
| for a living with millions at stake.  A = slight smell=20 of weakness and
| they may sell some of their position to take = some=20 risk off the table -
| selling begets selling and before you = know it=20 CSTR is down over 20%.  We
| have been in this situation = several=20 times before - and sold quickly -
| and yes much to our chagrin = - some=20 stocks came roaring back - but in
| other cases the stock kept=20 declining.  Throw out your ego - sell - and
| if CSTR sets = up=20 again look at buying it.  I don't want to get too deep
| = into wash=20 sale rules, but you can't take and loss on CSTR if you buy it
| = back=20 within 30 days.  Good luck
|
| Ed Gjertsen II
|=20 ed@macktracks.com
|
| -----Original Message-----
| From:=20 owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 michael_niemotka@baxter.com
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
| -In=20 the email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do not=20 use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0080_01C24DE2.CCF2B140-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 15:09:18 -0500 Ian, what did you see in CSTR as a short sale, technically speaking; don't see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell short during the pre-market or regular hours. Nice trade. dave ----- Original Message ----- Sent: Tuesday, August 27, 2002 2:44 PM > Mike: > > If it makes you feel better - I was looking for chart weakness so that I > could intitate another short position - and I hadn't found any weakness > before today. I would say that technically, the stock has behaved extremely > strongly up until today - strong enough to scare me away from shorting it. > Just my 2 cents. > > Ian > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 8:22 AM > Subject: RE: [CANSLIM] CSTR > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > this > > happens that makes me question a trading "method". I'm sure if CSTR stays > > down, it will only be a matter of time before I see and IBD write up using > > their famous 20-20 hindsight to show why it was destined to fall. Does > > anyone else see anything in the price volume action that would lead them > to > > believe that this was going to happen, or is it the M that is still not > > strong enough? > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > "Edward W. Gjertsen > > II" To: > canslim@lists.xmission.com > > cc: > > Sent by: Subject: RE: > [CANSLIM] CSTR > > owner-canslim@lists.xm > > > ission.com > > > > > > 08/27/2002 10:09 AM > > Please respond to > > canslim > > > > > > > > > > > > > > Dear Mike > > > > CSTR was a favorite of many Canslimers - with the problems we faced with > > buying CVH recently (too many chasing too few) we are seeing similar > > results, which unfortunately are on the downside. You mentioned that > > you got into the office late. Remember - there are people who do this > > for a living with millions at stake. A slight smell of weakness and > > they may sell some of their position to take some risk off the table - > > selling begets selling and before you know it CSTR is down over 20%. We > > have been in this situation several times before - and sold quickly - > > and yes much to our chagrin - some stocks came roaring back - but in > > other cases the stock kept declining. Throw out your ego - sell - and > > if CSTR sets up again look at buying it. I don't want to get too deep > > into wash sale rules, but you can't take and loss on CSTR if you buy it > > back within 30 days. Good luck > > > > Ed Gjertsen II > > ed@macktracks.com > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > michael_niemotka@baxter.com > > Sent: Tuesday, August 27, 2002 9:25 AM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] CSTR > > > > Does anyone know what is going on with this stock? Got in late to the > > office today and it is down 18%!!! > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > wait > > it out to see if the day may turn a bit? > > > > Thanks > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 15:01:30 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24E04.88F7FCEC Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Winston, =20 Do you think it would be difficult for CSTR to replace these outlets = with new ones? Wouldn't Walmart, 7-Eleven, and other grocery stores be = good locations? =20 Kelly =20 -----Original Message----- Sent: Tuesday, August 27, 2002 3:00 PM Mike: =20 My understanding is that CSTR machines were located primarily in Kroger, = Albertson and Safeway stores. Nationwide, these chains have 3600+2400+1770 =3D 7700 locations. There are 9300 CSTR outlets currently, and promises of installing an = additional 800 in a year. However, it so happens that the three named chains have been closing = outlets faster than snowflakes melting on a summer's day. Thus the CSTR installation has been shrinking as the stores close, so = fewer places to pay 9% for someone to count your money. =20 ----- Original Message -----=20 Sent: Tuesday, August 27, 2002 3:35 PM Does anyone know what "market saturation" is? =20 I'm somewhat gratified by the several comments about the strength of = CSTR's chart, because my own algorithm had rated it top of about 50 CwH = patterns yesterday. It would have been better with less volatility and = less volume in the handle, but no stock's perfect. =20 Aloha, =20 Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM cnbc said it was caused by market saturation.=20 =20 ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:08 AM =20 I have a bunch of coin rolls located on my dresser and just fill them up = as I go (except for the pennies which go in a bucket in my closet) Once a = roll is filled I then use it to buy gas. The gas station people never seem = to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be = charged for it. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM Hi Mike, Technically, this chart is about as good as it gets in a market like = this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, = which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt = load (though they've been restructuring debt recently, so they stay in my = sights in the meantime) and low ROE of 5% (primarily because they only turned = EPS positive in the last 4 quarters). Given the market is on shaky ground, = I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are = fundamentally stronger, but not yet finished with their bases. I also like to sit back = and watch most of the early stocks out of the gate after a follow-through = and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that = you would *pay* to count your change and be happy to receive some crisp = dollar bills and a few store coupons for the "privilege." But I understand = they're appealing to a part of the population that is primarily cash-based and = not to those of us who've forgotten what it looks like and instead use our = ATM card for everything. Recently, however, I've had a greater appreciation = for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" = and dumped our change each day. When it's full, it's about $200....I'd make = my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that = they're charging, however, the CSTR kiosks become an alternative. Personally, = I'm too cheap to pay *anybody* to count my money for me, so I won't be using = the bank *or* CSTR...but I'll bet you there are many folks who would = consider it. The blurb I saw on the OffWallStreet report mentioned something = about "saturation." Though I haven't seen the report and know nothing more = than this, I have only one thought when I hear something like that in the = same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR = stays | down, it will only be a matter of time before I see and IBD write up = using | their famous 20-20 hindsight to show why it was destined to fall. = Does | anyone else see anything in the price volume action that would lead = them to | believe that this was going to happen, or is it the M that is still = not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced = with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. = We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy = it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24E04.88F7FCEC Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Winston,
 
Do you think = it would be=20 difficult for CSTR to replace these outlets with new ones? Wouldn't = Walmart,=20 7-Eleven, and other grocery stores be good = locations?
 
Kelly
 
-----Original Message-----
From: Winston = Little=20 [mailto:wlittle1@peoplepc.com]
Sent: Tuesday, August 27, = 2002 3:00=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 CSTR

Mike:
 
My understanding is that CSTR = machines were=20 located primarily in Kroger, Albertson and Safeway = stores.
Nationwide, these chains = have =20 3600+2400+1770 =3D 7700 locations.
There are 9300 CSTR outlets = currently, and=20 promises of installing an additional 800 in a year.
However, it so happens that the = three named=20 chains have been closing outlets faster than snowflakes melting on a = summer's=20 day.
Thus the CSTR installation has = been=20 shrinking as the stores close, so fewer places to pay 9% for someone = to count=20 your money.
 
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, = 2002 3:35=20 PM
Subject: RE: [CANSLIM] = CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's=20 chart, because my own algorithm had rated it top of about 50 CwH = patterns=20 yesterday. It would have been better with less volatility and less = volume in=20 the handle, but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY = POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market = saturation. 
 
----- Original Message = -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in = a=20 bucket in my closet) Once a roll
is filled I then use it to = buy=20 gas.  The gas station people never seem to
mind getting = a $10=20 quarter roll or a $2 nickel roll.  It works for = me
because like=20 you I will never haul my change to the store only to be = charged
for=20 it.

Happy Trading,
David Taggart

-----Original=20 Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51=20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CSTR


Hi Mike,

Technically, this chart is about = as good=20 as it gets in a market like this--A
handle 8/1 to 8/14, = breakout 8/15=20 on volume, an orderly pullback to the
pivot since then. I'd = be hard=20 pressed to fault the technicals unless you
want to argue the = somewhat=20 light volume on the right side of the cup, which
I won't, = because=20 it's insignificant in my mind.

There are a couple of = things that=20 kept me away from CSTR---high debt load
(though they've been=20 restructuring debt recently, so they stay in my sights
in the = meantime) and low ROE of 5% (primarily because they only turned=20 EPS
positive in the last 4 quarters). Given the market is on = shaky=20 ground, I'd
rather sit back and watch the behavior of the = stock than=20 to dive
in....preferring to stalk the trade on other stocks = which are=20 fundamentally
stronger, but not yet finished with their = bases. I also=20 like to sit back and
watch most of the early stocks out of = the gate=20 after a follow-through and
see how they're acting, CSTR=20 included.

I've often scratched my head at the business=20 model.....seemed crazy that you
would *pay* to count your = change and=20 be happy to receive some crisp dollar
bills and a few store = coupons=20 for the "privilege." But I understand they're
appealing to a = part of=20 the population that is primarily cash-based and not
to those = of us=20 who've forgotten what it looks like and instead use our = ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting fees
after doing so for, well, forever.... We've = always kept=20 a "change can" and
dumped our change each day. When it's = full, it's=20 about $200....I'd make my
ritual trek to the bank to have = them count=20 it out, then that evening we
would go out for a pricey = dinner,=20 something we rarely do. Now that they're
charging, however, = the CSTR=20 kiosks become an alternative. Personally, I'm
too cheap to = pay=20 *anybody* to count my money for me, so I won't be using = the
bank *or*=20 CSTR...but I'll bet you there are many folks who would = consider
it.=20 The blurb I saw on the OffWallStreet report mentioned something=20 about
"saturation." Though I haven't seen the report and know = nothing=20 more than
this, I have only one thought when I hear something = like=20 that in the same
breath as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002=20 10:22 AM
Subject: RE: [CANSLIM] CSTR


|
| I = appreciate=20 all the advice that I have gotten.  It is when stuff=20 like
this
| happens that makes me question a trading=20 "method".  I'm sure if CSTR stays
| down, it will only = be a=20 matter of time before I see and IBD write up using
| their = famous=20 20-20 hindsight to show why it was destined to fall.  = Does
|=20 anyone else see anything in the price volume action that would = lead=20 them
to
| believe that this was going to happen, or is it = the M=20 that is still not
| strong enough?
|
| Okay, now I feel = a bit=20 better after venting.  Thank you all!
|
|
| Mike = Niemotka=20 , PE
| Sr. Principal Engineer
| Baxter Healthcare = Corporation
|=20 Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel = (847)=20 270-4075
| Fax (847) 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was=20 a favorite of many Canslimers - with the problems we faced = with
|=20 buying CVH recently (too many chasing too few) we are seeing=20 similar
| results, which unfortunately are on the = downside.  You=20 mentioned that
| you got into the office late.  Remember = - there=20 are people who do this
| for a living with millions at = stake.  A=20 slight smell of weakness and
| they may sell some of their = position=20 to take some risk off the table -
| selling begets selling = and before=20 you know it CSTR is down over 20%.  We
| have been in = this=20 situation several times before - and sold quickly -
| and yes = much to=20 our chagrin - some stocks came roaring back - but in
| other = cases=20 the stock kept declining.  Throw out your ego - sell - = and
| if=20 CSTR sets up again look at buying it.  I don't want to get = too=20 deep
| into wash sale rules, but you can't take and loss on = CSTR if=20 you buy it
| back within 30 days.  Good luck
|
| = Ed=20 Gjertsen II
| ed@macktracks.com
|
| -----Original=20 Message-----
| From: owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
|=20 Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847)=20 270-4525
| michael_niemotka@baxter.com
|
|
|
| = -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
|=20 -In the email body, write "subscribe canslim" or
| = -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In the email body, write = "subscribe=20 canslim" or
-"unsubscribe canslim".  Do not use quotes = in your=20 email.
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24E04.88F7FCEC-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 15:22:37 -0500 The institutions are getting out of CSTR. Just traded 450,000 shares in 1 trade. CSTR has traded over 6 million shares today. average is 271,000. That is king-size distribution. dave ----- Original Message ----- Sent: Tuesday, August 27, 2002 3:09 PM > Ian, what did you see in CSTR as a short sale, technically speaking; don't > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > short during the pre-market or regular hours. Nice trade. dave > ----- Original Message ----- > From: "Ian" > To: > Sent: Tuesday, August 27, 2002 2:44 PM > Subject: Re: [CANSLIM] CSTR > > > > Mike: > > > > If it makes you feel better - I was looking for chart weakness so that I > > could intitate another short position - and I hadn't found any weakness > > before today. I would say that technically, the stock has behaved > extremely > > strongly up until today - strong enough to scare me away from shorting it. > > Just my 2 cents. > > > > Ian > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 8:22 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > this > > > happens that makes me question a trading "method". I'm sure if CSTR > stays > > > down, it will only be a matter of time before I see and IBD write up > using > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > > anyone else see anything in the price volume action that would lead them > > to > > > believe that this was going to happen, or is it the M that is still not > > > strong enough? > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > "Edward W. Gjertsen > > > II" To: > > canslim@lists.xmission.com > > > cc: > > > Sent by: Subject: RE: > > [CANSLIM] CSTR > > > owner-canslim@lists.xm > > > > > ission.com > > > > > > > > > 08/27/2002 10:09 AM > > > Please respond to > > > canslim > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced with > > > buying CVH recently (too many chasing too few) we are seeing similar > > > results, which unfortunately are on the downside. You mentioned that > > > you got into the office late. Remember - there are people who do this > > > for a living with millions at stake. A slight smell of weakness and > > > they may sell some of their position to take some risk off the table - > > > selling begets selling and before you know it CSTR is down over 20%. We > > > have been in this situation several times before - and sold quickly - > > > and yes much to our chagrin - some stocks came roaring back - but in > > > other cases the stock kept declining. Throw out your ego - sell - and > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > into wash sale rules, but you can't take and loss on CSTR if you buy it > > > back within 30 days. Good luck > > > > > > Ed Gjertsen II > > > ed@macktracks.com > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > michael_niemotka@baxter.com > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] CSTR > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > office today and it is down 18%!!! > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > wait > > > it out to see if the day may turn a bit? > > > > > > Thanks > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 15:12:46 -0500 Question about selling short: From what I understand, you can only sell short on an uptick, but is it possible to put in a short sell order, that you hope gets done if the stock has a single uptick on it's way down? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "david frank" cc: Sent by: Subject: Re: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 03:09 PM Please respond to canslim Ian, what did you see in CSTR as a short sale, technically speaking; don't see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell short during the pre-market or regular hours. Nice trade. dave ----- Original Message ----- Sent: Tuesday, August 27, 2002 2:44 PM > Mike: > > If it makes you feel better - I was looking for chart weakness so that I > could intitate another short position - and I hadn't found any weakness > before today. I would say that technically, the stock has behaved extremely > strongly up until today - strong enough to scare me away from shorting it. > Just my 2 cents. > > Ian > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 8:22 AM > Subject: RE: [CANSLIM] CSTR > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > this > > happens that makes me question a trading "method". I'm sure if CSTR stays > > down, it will only be a matter of time before I see and IBD write up using > > their famous 20-20 hindsight to show why it was destined to fall. Does > > anyone else see anything in the price volume action that would lead them > to > > believe that this was going to happen, or is it the M that is still not > > strong enough? > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > "Edward W. Gjertsen > > II" To: > canslim@lists.xmission.com > > cc: > > Sent by: Subject: RE: > [CANSLIM] CSTR > > owner-canslim@lists.xm > > > ission.com > > > > > > 08/27/2002 10:09 AM > > Please respond to > > canslim > > > > > > > > > > > > > > Dear Mike > > > > CSTR was a favorite of many Canslimers - with the problems we faced with > > buying CVH recently (too many chasing too few) we are seeing similar > > results, which unfortunately are on the downside. You mentioned that > > you got into the office late. Remember - there are people who do this > > for a living with millions at stake. A slight smell of weakness and > > they may sell some of their position to take some risk off the table - > > selling begets selling and before you know it CSTR is down over 20%. We > > have been in this situation several times before - and sold quickly - > > and yes much to our chagrin - some stocks came roaring back - but in > > other cases the stock kept declining. Throw out your ego - sell - and > > if CSTR sets up again look at buying it. I don't want to get too deep > > into wash sale rules, but you can't take and loss on CSTR if you buy it > > back within 30 days. Good luck > > > > Ed Gjertsen II > > ed@macktracks.com > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > michael_niemotka@baxter.com > > Sent: Tuesday, August 27, 2002 9:25 AM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] CSTR > > > > Does anyone know what is going on with this stock? Got in late to the > > office today and it is down 18%!!! > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > wait > > it out to see if the day may turn a bit? > > > > Thanks > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Rubin" Subject: RE: [CANSLIM] CSTR Date: 27 Aug 2002 16:22:02 -0400 This topic has come up before. The consensus seems to be that you should ignore intraday price swings when applying CANSLIM rules. I've been kicked out of a stock in the morning only to watch it recover in the afternoon and then never undercut the pivot again. However, in the case of CSTR, clearly something is amiss, so it might be an exception to the rule. The volume today was quite astounding. -- Dave > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > michael_niemotka@baxter.com > Sent: Tuesday, August 27, 2002 10:54 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] CSTR > > > > I know the rule...it REALLY sucks though when because you > cannot watch the > markets every second, and a stock drops bottom like this you > are STUCK with > a loss much bigger than the 8% max. I had tried stop limit > orders before > but was told that many times they don't help in a situation > like this if it > drops very fast, and you have the added disadvantage of > "showing" you hand > to the MM. > > Time will tell! > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > > Norman > > To: > canslim@lists.xmission.com > Sent by: cc: > > owner-canslim@lists.xm Subject: > Re: [CANSLIM] CSTR > ission.com > > > > > > 08/27/2002 09:44 AM > > Please respond to > > canslim > > > > > > > > > > It has dipped below the 8% rule. CAN SLIM dictates you > should have already > sold; if you're playing CAN SLIM. If not, then good luck, > you're gonna > need > here. > > Norm > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 9:24 AM > Subject: [CANSLIM] CSTR > > > > Does anyone know what is going on with this stock? Got in > late to the > > office today and it is down 18%!!! > > > > I know we are supposed to sell at 7-8%, but now do I sell > anyway, or wait > > it out to see if the day may turn a bit? > > > > Thanks > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 16:24:28 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00A6_01C24DE6.371F2500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike: As WMT moves more and more into grocery sales in both their main stores = and Sam's clubs, there is severe pressure on the old established grocery = chains. I have not seen CSTR machines at WMT locations. A 9% fee would also not fit with the WMT mission, perhaps 1% would be = more like it.=20 7-11? A possibility, but would they get the traffic to support the = machines? I am less upbeat on the CSTR business concept than most others... but I = also feel that way about SBUX and KKD. ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 4:01 PM Subject: RE: [CANSLIM] CSTR Winston, Do you think it would be difficult for CSTR to replace these outlets = with new ones? Wouldn't Walmart, 7-Eleven, and other grocery stores be = good locations? Kelly -----Original Message----- From: Winston Little [mailto:wlittle1@peoplepc.com] Sent: Tuesday, August 27, 2002 3:00 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Mike: My understanding is that CSTR machines were located primarily in = Kroger, Albertson and Safeway stores. Nationwide, these chains have 3600+2400+1770 =3D 7700 locations. There are 9300 CSTR outlets currently, and promises of installing an = additional 800 in a year. However, it so happens that the three named chains have been closing = outlets faster than snowflakes melting on a summer's day. Thus the CSTR installation has been shrinking as the stores close, = so fewer places to pay 9% for someone to count your money. ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 3:35 PM Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength = of CSTR's chart, because my own algorithm had rated it top of about 50 = CwH patterns yesterday. It would have been better with less volatility = and less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation.=20 ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just = fill them up as I go (except for the pennies which go in a bucket in my = closet) Once a roll is filled I then use it to buy gas. The gas station people = never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works = for me because like you I will never haul my change to the store only = to be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a = market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly = pullback to the pivot since then. I'd be hard pressed to fault the technicals = unless you want to argue the somewhat light volume on the right side of = the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from = CSTR---high debt load (though they've been restructuring debt recently, so they stay = in my sights in the meantime) and low ROE of 5% (primarily because they = only turned EPS positive in the last 4 quarters). Given the market is on shaky = ground, I'd rather sit back and watch the behavior of the stock than to = dive in....preferring to stalk the trade on other stocks which are = fundamentally stronger, but not yet finished with their bases. I also like = to sit back and watch most of the early stocks out of the gate after a = follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed = crazy that you would *pay* to count your change and be happy to receive some = crisp dollar bills and a few store coupons for the "privilege." But I = understand they're appealing to a part of the population that is primarily = cash-based and not to those of us who've forgotten what it looks like and instead = use our ATM card for everything. Recently, however, I've had a greater = appreciation for their "service" as my bank has stopped waiving their coin = counting fees after doing so for, well, forever.... We've always kept a = "change can" and dumped our change each day. When it's full, it's about = $200....I'd make my ritual trek to the bank to have them count it out, then that = evening we would go out for a pricey dinner, something we rarely do. Now = that they're charging, however, the CSTR kiosks become an alternative. = Personally, I'm too cheap to pay *anybody* to count my money for me, so I = won't be using the bank *or* CSTR...but I'll bet you there are many folks who = would consider it. The blurb I saw on the OffWallStreet report mentioned = something about "saturation." Though I haven't seen the report and know = nothing more than this, I have only one thought when I hear something like that = in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when = stuff like this | happens that makes me question a trading "method". I'm sure = if CSTR stays | down, it will only be a matter of time before I see and IBD = write up using | their famous 20-20 hindsight to show why it was destined to = fall. Does | anyone else see anything in the price volume action that = would lead them to | believe that this was going to happen, or is it the M that = is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: = RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems = we faced with | buying CVH recently (too many chasing too few) we are seeing = similar | results, which unfortunately are on the downside. You = mentioned that | you got into the office late. Remember - there are people = who do this | for a living with millions at stake. A slight smell of = weakness and | they may sell some of their position to take some risk off = the table - | selling begets selling and before you know it CSTR is down = over 20%. We | have been in this situation several times before - and sold = quickly - | and yes much to our chagrin - some stocks came roaring back = - but in | other cases the stock kept declining. Throw out your ego - = sell - and | if CSTR sets up again look at buying it. I don't want to = get too deep | into wash sale rules, but you can't take and loss on CSTR if = you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in = late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell = anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. --- For your protection, this e-mail message has been scanned for = viruses.=20 Visit us at http://www.neoris.com/=20 --- ------=_NextPart_000_00A6_01C24DE6.371F2500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike:
As WMT moves more and more into = grocery sales=20 in both their main stores and Sam's clubs, there is severe pressure on = the old=20 established grocery chains.
I have not seen CSTR machines at WMT = locations.
A 9% fee would also not fit with the = WMT=20 mission, perhaps 1% would be more like it. 
 
7-11? A possibility, but would they = get the=20 traffic to support the machines?
I am less upbeat on the CSTR = business concept=20 than most others... but I also feel that way about SBUX and = KKD.
 
----- Original Message -----
From:=20 Kelly Short
Sent: Tuesday, August 27, 2002 = 4:01=20 PM
Subject: RE: [CANSLIM] = CSTR

Winston,
 
Do you = think it would=20 be difficult for CSTR to replace these outlets with new ones? Wouldn't = Walmart, 7-Eleven, and other grocery stores be good=20 locations?
 
Kelly
 
-----Original Message-----
From: Winston = Little=20 [mailto:wlittle1@peoplepc.com]
Sent: Tuesday, August 27, = 2002 3:00=20 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CSTR

Mike:
 
My understanding is that CSTR = machines=20 were located primarily in Kroger, Albertson and Safeway = stores.
Nationwide, these chains = have =20 3600+2400+1770 =3D 7700 locations.
There are 9300 CSTR outlets = currently, and=20 promises of installing an additional 800 in a year.
However, it so happens that the = three=20 named chains have been closing outlets faster than snowflakes = melting on a=20 summer's day.
Thus the CSTR installation has = been=20 shrinking as the stores close, so fewer places to pay 9% for someone = to=20 count your money.
 
----- Original Message ----- =
From:=20 Mike Gibbons
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 27, = 2002 3:35=20 PM
Subject: RE: [CANSLIM] = CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's=20 chart, because my own algorithm had rated it top of about 50 CwH = patterns=20 yesterday. It would have been better with less volatility and less = volume=20 in the handle, but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] = CSTR

cnbc said it was caused by market = saturation. 
 
----- Original Message = -----
From:=20 David Taggart
Sent: Tuesday, August = 27, 2002=20 9:08 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser=20 and just fill them up as
I go (except for the pennies which = go in a=20 bucket in my closet) Once a roll
is filled I then use it to = buy=20 gas.  The gas station people never seem to
mind = getting a $10=20 quarter roll or a $2 nickel roll.  It works for = me
because=20 like you I will never haul my change to the store only to be=20 charged
for it.

Happy Trading,
David=20 Taggart

-----Original Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 = 9:51=20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi Mike,

Technically, this chart is = about as=20 good as it gets in a market like this--A
handle 8/1 to = 8/14,=20 breakout 8/15 on volume, an orderly pullback to the
pivot = since=20 then. I'd be hard pressed to fault the technicals unless = you
want=20 to argue the somewhat light volume on the right side of the = cup,=20 which
I won't, because it's insignificant in my = mind.

There=20 are a couple of things that kept me away from CSTR---high debt = load
(though they've been restructuring debt recently, so = they stay=20 in my sights
in the meantime) and low ROE of 5% (primarily = because=20 they only turned EPS
positive in the last 4 quarters). = Given the=20 market is on shaky ground, I'd
rather sit back and watch = the=20 behavior of the stock than to dive
in....preferring to = stalk the=20 trade on other stocks which are fundamentally
stronger, but = not yet=20 finished with their bases. I also like to sit back = and
watch most=20 of the early stocks out of the gate after a follow-through = and
see=20 how they're acting, CSTR included.

I've often scratched = my head=20 at the business model.....seemed crazy that you
would *pay* = to=20 count your change and be happy to receive some crisp = dollar
bills=20 and a few store coupons for the "privilege." But I understand=20 they're
appealing to a part of the population that is = primarily=20 cash-based and not
to those of us who've forgotten what it = looks=20 like and instead use our ATM
card for everything. Recently, = however, I've had a greater appreciation for
their = "service" as my=20 bank has stopped waiving their coin counting fees
after = doing so=20 for, well, forever.... We've always kept a "change can" = and
dumped=20 our change each day. When it's full, it's about $200....I'd = make=20 my
ritual trek to the bank to have them count it out, then = that=20 evening we
would go out for a pricey dinner, something we = rarely=20 do. Now that they're
charging, however, the CSTR kiosks = become an=20 alternative. Personally, I'm
too cheap to pay *anybody* to = count my=20 money for me, so I won't be using the
bank *or* CSTR...but = I'll bet=20 you there are many folks who would consider
it. The blurb I = saw on=20 the OffWallStreet report mentioned something = about
"saturation."=20 Though I haven't seen the report and know nothing more = than
this, I=20 have only one thought when I hear something like that in the=20 same
breath as = CSTR----Starbucks.

Katherine


-----=20 Original Message -----
From:=20 <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August = 27, 2002=20 10:22 AM
Subject: RE: [CANSLIM] CSTR


|
| I = appreciate=20 all the advice that I have gotten.  It is when stuff=20 like
this
| happens that makes me question a trading=20 "method".  I'm sure if CSTR stays
| down, it will only = be a=20 matter of time before I see and IBD write up using
| their = famous=20 20-20 hindsight to show why it was destined to fall.  = Does
|=20 anyone else see anything in the price volume action that would = lead=20 them
to
| believe that this was going to happen, or is = it the M=20 that is still not
| strong enough?
|
| Okay, now I = feel a bit=20 better after venting.  Thank you all!
|
|
| Mike = Niemotka , PE
| Sr. Principal Engineer
| Baxter = Healthcare=20 Corporation
| Route 120 & Wilson Road
| Round Lake, = IL=20 60073
| Tel (847) 270-4075
| Fax (847) 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR=20 was a favorite of many Canslimers - with the problems we faced = with
| buying CVH recently (too many chasing too few) we = are seeing=20 similar
| results, which unfortunately are on the = downside. =20 You mentioned that
| you got into the office late.  = Remember -=20 there are people who do this
| for a living with millions = at=20 stake.  A slight smell of weakness and
| they may sell = some of=20 their position to take some risk off the table -
| selling = begets=20 selling and before you know it CSTR is down over 20%.  = We
|=20 have been in this situation several times before - and sold = quickly=20 -
| and yes much to our chagrin - some stocks came roaring = back -=20 but in
| other cases the stock kept declining.  Throw = out your=20 ego - sell - and
| if CSTR sets up again look at buying = it.  I=20 don't want to get too deep
| into wash sale rules, but you = can't=20 take and loss on CSTR if you buy it
| back within 30 = days. =20 Good luck
|
| Ed Gjertsen II
| = ed@macktracks.com
|
|=20 -----Original Message-----
| From:=20 owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, = 2002 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM] = CSTR
|
| Does anyone know what is going on with this=20 stock?  Got in late to the
| office today and it is = down=20 18%!!!
|
| I know we are supposed to sell at 7-8%, but = now do I=20 sell anyway, or
| wait
| it out to see if the day may = turn a=20 bit?
|
| Thanks
|
| Mike Niemotka , PE
| Sr. = Principal=20 Engineer
| Baxter Healthcare Corporation
| Route 120 = &=20 Wilson Road
| Round Lake, IL 60073
| Tel (847) = 270-4075
| Fax=20 (847) 270-4525
| = michael_niemotka@baxter.com
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
|=20 -In the email body, write "subscribe canslim" or
| = -"unsubscribe=20 canslim".  Do not use quotes in your = email.
|
|
| -
|=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"
| = -In the=20 email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
|
|
|
|
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the=20 email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In = the email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In = the email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
For your protection, this e-mail message has been scanned for = viruses.=20

Visit us at http://www.neoris.com/=20

------=_NextPart_000_00A6_01C24DE6.371F2500-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: [CANSLIM] Selling - its hard! Date: 27 Aug 2002 16:59:15 -0500 For those who read HTMMIS - you will notice the "how to sell" section, outside the 8% rule, is at best grey. Selling is THE most difficult part of canslim especially after a stock has advanced 15%+ what I call nowhere land. What we do is sell 1/2 position, usually on a close only, at specific technical levels. For instance, we sold half our position of DORL today around 41.83 - we did not wait for the close due to the weakness of the market. If we close below 40, we will sell the other 1/2. The trouble is we bought DORL around 37.80 - off a "W" pattern, could have been genius and sold half at 45 yesterday - almost a 20% advance. But the markets just won't give us anymore for the moment. The one key to our management technique is "Position sizing and position management" We have learned that this is not an all or none game. It's okay to sell 1/2 of a position - thereby, if you happen to sell and the stock turns around you have a place at the table. Sorry, enough rambling. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of David Rubin Sent: Tuesday, August 27, 2002 3:22 PM This topic has come up before. The consensus seems to be that you should ignore intraday price swings when applying CANSLIM rules. I've been kicked out of a stock in the morning only to watch it recover in the afternoon and then never undercut the pivot again. However, in the case of CSTR, clearly something is amiss, so it might be an exception to the rule. The volume today was quite astounding. -- Dave - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 17:24:56 -0500 Jans, Good point about the 50DMA. Otherwise I see this one differently. Compared to other charts recently (due to 9/ll and the July dip) I would not consider this cup a bad "V"; some are much, much worse. And, the right lip/handle doesn't have to be exactly at the level of the left lip to be valid. Within 15% is the rule for the pivot and this one is within that. The handle could have formed a little higher and been better; it was just above the middle of the cup. But this was indeed a valid BO. Also, the RS line being at the highest point in recent memory is bullish. CAN SLIM is a garment made of spandex; fits everyone differently:-) I'm like you, trigger-shy Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 1:57 PM > Mike: > > The 50 DMA fell below-and hasn't risen above since then-the 200 day July > 15th. Also, on the weekly chart, the formation is a V-shaped cup with the > Right Lip a little below the left lip-so a BO had never occurred. > Additonally, the RS-Line on the Daily was just a smidgen above where it was > at the stock price's previous top, which was substantially lower (I'm > comparing 8/5 with 8/16). > > On neither the day nor the weekly chart could I see a BO. Both show the > high possibility of a BO (with the fundamentals and the chart-formations both > alligning). I suspect that IBD will print the same thing (something like, > "Fooler Charts-Charts That Looked Strong On Their Right-Side-Runup"). > > That said, I must confess: I was looking very seriously at CSTR to buy > it. The fundamentals; the chart; and the technical (I use MACD and an > ROC-type tool) all pointed that the stock should be bought. I didn't buy it > because of only 1 or 2 thing: The Market (and perhaps because I am now kind > of trigger-shy, having been in cash since this LOOOONG bear began) > > jans > > > > > In a message dated 8/27/2002 11:21:10 AM Eastern Daylight Time, > michael_niemotka@baxter.com writes: > > << Does anyone else see anything in the price volume action that would lead > them to believe that this was going to happen, or is it the M that is still > not > strong enough? >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] 2 for fun Date: 27 Aug 2002 17:31:37 -0500 Well, FCN may yet resurrect itself. But COLM does not look healthy. Both formed Katherine's "tails up candle" today; and on significant volume. Nice to be on the outside looking in on these 2 Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:16 AM > I'm not keeping lists yet but am looking at 2 issues that look like > possibilities; just looking tho > > FCN > I liked this one when it was a semi-dependable LLUR. Seems to keep popping > up on Screens of the Day. I find their consulting business a little hard > get a handle on but it seems to work. Right now it seems like one of those > "channel stocks" that have been advertised on TV a lot lately It may be > setting up for a pop as it nears it's 50DMA on lower vol; and maybe not > > COLM > I have had an interest in this one since last year. It looks even more like > a channel stock:-0 Has formed a nice c&h. I first became interested in > this when I saw it's products all around me. I live on the TX gulf coast > and work in the fisheries profession. As such I encounter anglers everyday. > Columbia shirts, and to a lesser degree pants, dominate the accoutrements in > this recreation/profession. From personal observation I would guess that > close to 50% of the regular anglers wear their clothes. And the clothes are > so thin that they need to be replaced frequently; trust me on this one, I > know:-( And they cost a good bit more than other than their competitors. > But folks like 'me. > > Anyway, just fun to watch 'me with no $ on the line. > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] 2 for fun Date: 27 Aug 2002 18:04:47 -0500 Not to mention I just flipped through my "leader board" and saw the same tails on a boatload of stocks. Yuck.... very different story than late last week where things were "just struggling a little bit".... makes me glad I've only got a few probes out and nothing major committed... Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 5:31 PM | Well, FCN may yet resurrect itself. But COLM does not look healthy. Both | formed Katherine's "tails up candle" today; and on significant volume. Nice | to be on the outside looking in on these 2 | | Norm | ----- Original Message ----- | From: "Norman" | To: | Sent: Tuesday, August 27, 2002 10:16 AM | Subject: [CANSLIM] 2 for fun | | | > I'm not keeping lists yet but am looking at 2 issues that look like | > possibilities; just looking tho | > | > FCN | > I liked this one when it was a semi-dependable LLUR. Seems to keep | popping | > up on Screens of the Day. I find their consulting business a little hard | > get a handle on but it seems to work. Right now it seems like one of | those | > "channel stocks" that have been advertised on TV a lot lately It may | be | > setting up for a pop as it nears it's 50DMA on lower vol; and maybe not | > | > COLM | > I have had an interest in this one since last year. It looks even more | like | > a channel stock:-0 Has formed a nice c&h. I first became interested in | > this when I saw it's products all around me. I live on the TX gulf coast | > and work in the fisheries profession. As such I encounter anglers | everyday. | > Columbia shirts, and to a lesser degree pants, dominate the accoutrements | in | > this recreation/profession. From personal observation I would guess that | > close to 50% of the regular anglers wear their clothes. And the clothes | are | > so thin that they need to be replaced frequently; trust me on this one, I | > know:-( And they cost a good bit more than other than their competitors. | > But folks like 'me. | > | > Anyway, just fun to watch 'me with no $ on the line. | > | > Norm | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] 2 for fun Date: 27 Aug 2002 18:11:42 -0500 Yep, same here. That a.m. rally followed by bad consumer confidence numbers was a recipe for a downdraft; buy in the morn, sell in the afternoon. That's just the opposite of what IBD is constantly drumming on as bullish (and what we've seen a lot of lately) namely, little bear in the morn and moderate bull after lunch. Bad omen. Maybe we've just entered one of Ernie's "infamous" turn windows:-) Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 6:04 PM > Not to mention I just flipped through my "leader board" and saw the same > tails on a boatload of stocks. Yuck.... very different story than late last > week where things were "just struggling a little bit".... makes me glad I've > only got a few probes out and nothing major committed... > > Katherine > > ----- Original Message ----- > From: "Norman" > To: > Sent: Tuesday, August 27, 2002 5:31 PM > Subject: Re: [CANSLIM] 2 for fun > > > | Well, FCN may yet resurrect itself. But COLM does not look healthy. Both > | formed Katherine's "tails up candle" today; and on significant volume. > Nice > | to be on the outside looking in on these 2 > | > | Norm > | ----- Original Message ----- > | From: "Norman" > | To: > | Sent: Tuesday, August 27, 2002 10:16 AM > | Subject: [CANSLIM] 2 for fun > | > | > | > I'm not keeping lists yet but am looking at 2 issues that look like > | > possibilities; just looking tho > | > > | > FCN > | > I liked this one when it was a semi-dependable LLUR. Seems to keep > | popping > | > up on Screens of the Day. I find their consulting business a little > hard > | > get a handle on but it seems to work. Right now it seems like one of > | those > | > "channel stocks" that have been advertised on TV a lot lately It may > | be > | > setting up for a pop as it nears it's 50DMA on lower vol; and maybe > not > | > > | > COLM > | > I have had an interest in this one since last year. It looks even more > | like > | > a channel stock:-0 Has formed a nice c&h. I first became interested in > | > this when I saw it's products all around me. I live on the TX gulf > coast > | > and work in the fisheries profession. As such I encounter anglers > | everyday. > | > Columbia shirts, and to a lesser degree pants, dominate the > accoutrements > | in > | > this recreation/profession. From personal observation I would guess > that > | > close to 50% of the regular anglers wear their clothes. And the clothes > | are > | > so thin that they need to be replaced frequently; trust me on this one, > I > | > know:-( And they cost a good bit more than other than their > competitors. > | > But folks like 'me. > | > > | > Anyway, just fun to watch 'me with no $ on the line. > | > > | > Norm > | > > | > > | > - > | > -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > -In the email body, write "subscribe canslim" or > | > -"unsubscribe canslim". Do not use quotes in your email. > | > > | > > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 21:50:10 -0400 Mike, different people will interpret the rule different ways, but I follow (at least sometimes) the rule trained into me by WON acct executives as well as an article (I am still searching for a copy but not hopeful) interviewing WON in the magazine Registered Representative (trade journal for brokers). In it, he indicated using the 8% rule initially to protect against large loss of capital. Once you were up 15%, raise the stop loss to your entry to protect against a simple loss. As (if) the stock continued to move higher, continue to raise the stop loss to trail the current price by 15%. Now you are beginning to protect profits. Thus, if CSTR had already moved up at least 20% or so from your purchase price (assuming it conformed to the pivot), then it closed today at or around where your stop loss should have already been. On using stop losses, it can be difficult to impossible to enter the order on many (most??) NASDAQ stocks even when they are higher priced and very liquid. Yes, you are showing your hand to your brokerage house and / or the market maker where they may put the order. And if the stock gaps down below your limit, you may sell even greater than your trailing 15%. Trying to use a sell stop limit on a NASDAQ stock is even more difficult. Entering a stop loss order on a listed (NYSE, AMEX) stock can be even more dangerous, as it likely ends up with the floor specialist, rather than one of many MMers. So the specialist sees a far greater universe of limit orders, and may be tempted to shake the market for his own purposes. Having not sold, you now need (like tonight) to evaluate whether you would even consider buying the stock at this price and with the chart (and news?) of today. That should help you decide what you should do tomorrow. ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:54 AM I know the rule...it REALLY sucks though when because you cannot watch the markets every second, and a stock drops bottom like this you are STUCK with a loss much bigger than the 8% max. I had tried stop limit orders before but was told that many times they don't help in a situation like this if it drops very fast, and you have the added disadvantage of "showing" you hand to the MM. Time will tell! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Norman To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR ission.com 08/27/2002 09:44 AM Please respond to canslim It has dipped below the 8% rule. CAN SLIM dictates you should have already sold; if you're playing CAN SLIM. If not, then good luck, you're gonna need here. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:24 AM > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait > it out to see if the day may turn a bit? > > Thanks > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 21:58:54 -0400 sometimes I find economics funny, and anecdotal data even more compelling than "survey" data. Went to a very large local shopping mall Sunday afternoon. Couldn't believe how jammed both the parking lot and the stores were (Macys, Sears, Bloomingdales, Lord and Taylor, and a number of other big name anchors as well as hundreds of little stores). Hard just to get around. Shelves well stocked, but not much of a waiting line at the cash register. Certainly didn't say to me that the consumer was hunkering down and now spending, they certainly were out being tempted at a minimum. Then I look at the Durable Goods report today, and it is saying to me what was forecasted, and I expected. Even as there probably is some slow down in consumer spending after a steady 18 months of consumer excesses, corporate spending is starting to pick up, including spending on infrastructure to improve productivity. I also look at both the New and Used home sales figures, hitting or close to records. That translates to a lot of consumer spending as well. Then I look at what the market's reaction to all this is, and shake my head. Go figure. Hope no one here was counting on the markets to behave logically. ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:32 AM With the release of the disappointing Consumer Confidence numbers, the market may have reached the end of its bear market rally. Unloading will affect almost all stocks. What were the fundamental and technical reasons you purchased the stock? Are they still valid? No one can see the future. Unfortunately, you have to decide whether as my old mentor used to say, "Is the first loss, the best loss or can it get worse?" -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, August 27, 2002 9:25 AM Does anyone know what is going on with this stock? Got in late to the office today and it is down 18%!!! I know we are supposed to sell at 7-8%, but now do I sell anyway, or wait it out to see if the day may turn a bit? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 22:16:01 -0400 I think the handle is fine, well into the upper half of the cup. Volume declined ok, b/o on 8/15 on more than 3X ADV. Where I would fault it is on revenues, which over the past 4 quarters do not show me the kind of consistent growth to justify either the growth in earnings, or the high PE, although if you believe the projected earnings (I don't) then the projected PE is more moderate. I see this as a business that will best thrive when the economy falters to the point that everyone is taking their jars of pocket change, and having it counted, because they need a little "nest egg". ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:49 AM Maybe that the handle formed part way up the right side of the cup was a warning sign? I'm assuming you would have bought a breakout at that level. When this was originally mentioned here, I looked at it and thought it was such an odd little niche business that it probably had limited growth potential. (doesn't mean it could not have moved on up a bit) On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > their famous 20-20 hindsight to show why it was destined to fall. Does > anyone else see anything in the price volume action that would lead them to > believe that this was going to happen, or is it the M that is still not > strong enough? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 22:32:09 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00E2_01C24E19.9467BA50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable market saturation, in this case (and Starbucks) would be where locations = are getting so numerous that the new facilities begin to cannibalize the = existing ones. If the existing ones are overwhelmed with demand beyond = capacity, that may be ok, but if not it's really bad.=20 ----- Original Message -----=20 Sent: Tuesday, August 27, 2002 3:35 PM Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of = CSTR's chart, because my own algorithm had rated it top of about 50 CwH = patterns yesterday. It would have been better with less volatility and = less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation.=20 ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill = them up as I go (except for the pennies which go in a bucket in my closet) Once = a roll is filled I then use it to buy gas. The gas station people never = seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for = me because like you I will never haul my change to the store only to be = charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market like = this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to = the pivot since then. I'd be hard pressed to fault the technicals unless = you want to argue the somewhat light volume on the right side of the = cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt = load (though they've been restructuring debt recently, so they stay in my = sights in the meantime) and low ROE of 5% (primarily because they only = turned EPS positive in the last 4 quarters). Given the market is on shaky = ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are = fundamentally stronger, but not yet finished with their bases. I also like to sit = back and watch most of the early stocks out of the gate after a = follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy = that you would *pay* to count your change and be happy to receive some crisp = dollar bills and a few store coupons for the "privilege." But I understand = they're appealing to a part of the population that is primarily cash-based = and not to those of us who've forgotten what it looks like and instead use = our ATM card for everything. Recently, however, I've had a greater = appreciation for their "service" as my bank has stopped waiving their coin counting = fees after doing so for, well, forever.... We've always kept a "change = can" and dumped our change each day. When it's full, it's about $200....I'd = make my ritual trek to the bank to have them count it out, then that evening = we would go out for a pricey dinner, something we rarely do. Now that = they're charging, however, the CSTR kiosks become an alternative. = Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be = using the bank *or* CSTR...but I'll bet you there are many folks who would = consider it. The blurb I saw on the OffWallStreet report mentioned something = about "saturation." Though I haven't seen the report and know nothing more = than this, I have only one thought when I hear something like that in the = same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when stuff = like this | happens that makes me question a trading "method". I'm sure if = CSTR stays | down, it will only be a matter of time before I see and IBD write = up using | their famous 20-20 hindsight to show why it was destined to fall. = Does | anyone else see anything in the price volume action that would = lead them to | believe that this was going to happen, or is it the M that is = still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we = faced with | buying CVH recently (too many chasing too few) we are seeing = similar | results, which unfortunately are on the downside. You mentioned = that | you got into the office late. Remember - there are people who do = this | for a living with millions at stake. A slight smell of weakness = and | they may sell some of their position to take some risk off the = table - | selling begets selling and before you know it CSTR is down over = 20%. We | have been in this situation several times before - and sold = quickly - | and yes much to our chagrin - some stocks came roaring back - but = in | other cases the stock kept declining. Throw out your ego - sell - = and | if CSTR sets up again look at buying it. I don't want to get too = deep | into wash sale rules, but you can't take and loss on CSTR if you = buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to = the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, = or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00E2_01C24E19.9467BA50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
market saturation, in this case (and = Starbucks)=20 would be where locations are getting so numerous that the new facilities = begin=20 to cannibalize the existing ones. If the existing ones are overwhelmed = with=20 demand beyond capacity, that may be ok, but if not it's really bad.=20
 
----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Tuesday, August 27, 2002 3:35 PM
Subject: RE: [CANSLIM] CSTR

Does anyone=20 know what "market saturation" is?
 
I'm somewhat=20 gratified by the several comments about the strength of CSTR's chart, = because my=20 own algorithm had rated it top of about 50 CwH patterns yesterday. It = would have=20 been better with less volatility and less volume in the handle, but no = stock's=20 perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 AM
To: = canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my dresser = and just=20 fill them up as
I go (except for the pennies which go in a bucket = in my=20 closet) Once a roll
is filled I then use it to buy gas.  The = gas=20 station people never seem to
mind getting a $10 quarter roll or a = $2=20 nickel roll.  It works for me
because like you I will never = haul my=20 change to the store only to be charged
for it.

Happy=20 Trading,
David Taggart

-----Original Message-----
From: = = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets in = a market=20 like this--A
handle 8/1 to 8/14, breakout 8/15 on volume, an = orderly=20 pullback to the
pivot since then. I'd be hard pressed to fault = the=20 technicals unless you
want to argue the somewhat light volume on = the=20 right side of the cup, which
I won't, because it's insignificant = in my=20 mind.

There are a couple of things that kept me away from = CSTR---high=20 debt load
(though they've been restructuring debt recently, so = they stay=20 in my sights
in the meantime) and low ROE of 5% (primarily = because they=20 only turned EPS
positive in the last 4 quarters). Given the = market is on=20 shaky ground, I'd
rather sit back and watch the behavior of the = stock=20 than to dive
in....preferring to stalk the trade on other stocks = which=20 are fundamentally
stronger, but not yet finished with their = bases. I also=20 like to sit back and
watch most of the early stocks out of the = gate after=20 a follow-through and
see how they're acting, CSTR = included.

I've=20 often scratched my head at the business model.....seemed crazy that=20 you
would *pay* to count your change and be happy to receive some = crisp=20 dollar
bills and a few store coupons for the "privilege." But I=20 understand they're
appealing to a part of the population that is=20 primarily cash-based and not
to those of us who've forgotten what = it=20 looks like and instead use our ATM
card for everything. Recently, = however, I've had a greater appreciation for
their "service" as = my bank=20 has stopped waiving their coin counting fees
after doing so for, = well,=20 forever.... We've always kept a "change can" and
dumped our = change each=20 day. When it's full, it's about $200....I'd make my
ritual trek = to the=20 bank to have them count it out, then that evening we
would go out = for a=20 pricey dinner, something we rarely do. Now that they're
charging, = however, the CSTR kiosks become an alternative. Personally, = I'm
too cheap=20 to pay *anybody* to count my money for me, so I won't be using = the
bank=20 *or* CSTR...but I'll bet you there are many folks who would = consider
it.=20 The blurb I saw on the OffWallStreet report mentioned something=20 about
"saturation." Though I haven't seen the report and know = nothing=20 more than
this, I have only one thought when I hear something = like that=20 in the same
breath as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 = 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate all = the=20 advice that I have gotten.  It is when stuff like
this
| = happens=20 that makes me question a trading "method".  I'm sure if CSTR = stays
|=20 down, it will only be a matter of time before I see and IBD write up = using
| their famous 20-20 hindsight to show why it was destined = to=20 fall.  Does
| anyone else see anything in the price volume = action=20 that would lead them
to
| believe that this was going to = happen, or is=20 it the M that is still not
| strong enough?
|
| Okay, now I = feel a=20 bit better after venting.  Thank you all!
|
|
| Mike = Niemotka=20 , PE
| Sr. Principal Engineer
| Baxter Healthcare = Corporation
|=20 Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel (847) = 270-4075
| Fax (847) 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| CSTR = was a=20 favorite of many Canslimers - with the problems we faced with
| = buying=20 CVH recently (too many chasing too few) we are seeing similar
| = results,=20 which unfortunately are on the downside.  You mentioned = that
| you=20 got into the office late.  Remember - there are people who do = this
|=20 for a living with millions at stake.  A slight smell of = weakness=20 and
| they may sell some of their position to take some risk off = the=20 table -
| selling begets selling and before you know it CSTR is = down over=20 20%.  We
| have been in this situation several times before = - and=20 sold quickly -
| and yes much to our chagrin - some stocks came = roaring=20 back - but in
| other cases the stock kept declining.  Throw = out=20 your ego - sell - and
| if CSTR sets up again look at buying = it.  I=20 don't want to get too deep
| into wash sale rules, but you can't = take and=20 loss on CSTR if you buy it
| back within 30 days.  Good=20 luck
|
| Ed Gjertsen II
| ed@macktracks.com
|
| = -----Original=20 Message-----
| From: owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 9:25 = AM
|=20 To: canslim@lists.xmission.com
| Subject: [CANSLIM] = CSTR
|
| Does=20 anyone know what is going on with this stock?  Got in late to = the
|=20 office today and it is down 18%!!!
|
| I know we are supposed = to sell=20 at 7-8%, but now do I sell anyway, or
| wait
| it out to see = if the=20 day may turn a bit?
|
| Thanks
|
| Mike Niemotka , = PE
| Sr.=20 Principal Engineer
| Baxter Healthcare Corporation
| Route 120 = &=20 Wilson Road
| Round Lake, IL 60073
| Tel (847) 270-4075
| = Fax (847)=20 270-4525
| michael_niemotka@baxter.com
|
|
|
| -
| = -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do not=20 use quotes in your email.
|
|
| -
| -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
| -In the email body, write = "subscribe=20 canslim" or
| -"unsubscribe canslim".  Do not use quotes in = your=20 email.
|
|
|
|
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do not=20 use quotes in your email.


-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_00E2_01C24E19.9467BA50-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 21:59:06 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0005_01C24E14.F6848E70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Tom, When I mentioned SBUX, I was alluding to the notion that everybody seems = to *think* SBUX has saturated their markets, yet when they open new = stores they just attract *more* customers.... so with CSTR, the same = thing came to mind. The other similarity is in their international = expansion plans. Just as there's a whole world of = yet-to-be-SBUX-addicts, there's a whole world of coin counting and = related services out there.... Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 9:32 PM Subject: Re: [CANSLIM] CSTR market saturation, in this case (and Starbucks) would be where = locations are getting so numerous that the new facilities begin to = cannibalize the existing ones. If the existing ones are overwhelmed with = demand beyond capacity, that may be ok, but if not it's really bad.=20 ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 3:35 PM Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of = CSTR's chart, because my own algorithm had rated it top of about 50 CwH = patterns yesterday. It would have been better with less volatility and = less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation.=20 ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill = them up as I go (except for the pennies which go in a bucket in my closet) = Once a roll is filled I then use it to buy gas. The gas station people never = seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for = me because like you I will never haul my change to the store only to = be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market = like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback = to the pivot since then. I'd be hard pressed to fault the technicals = unless you want to argue the somewhat light volume on the right side of the = cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high = debt load (though they've been restructuring debt recently, so they stay in = my sights in the meantime) and low ROE of 5% (primarily because they only = turned EPS positive in the last 4 quarters). Given the market is on shaky = ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are = fundamentally stronger, but not yet finished with their bases. I also like to = sit back and watch most of the early stocks out of the gate after a = follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed = crazy that you would *pay* to count your change and be happy to receive some = crisp dollar bills and a few store coupons for the "privilege." But I = understand they're appealing to a part of the population that is primarily cash-based = and not to those of us who've forgotten what it looks like and instead use = our ATM card for everything. Recently, however, I've had a greater = appreciation for their "service" as my bank has stopped waiving their coin counting = fees after doing so for, well, forever.... We've always kept a "change = can" and dumped our change each day. When it's full, it's about $200....I'd = make my ritual trek to the bank to have them count it out, then that = evening we would go out for a pricey dinner, something we rarely do. Now that = they're charging, however, the CSTR kiosks become an alternative. = Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be = using the bank *or* CSTR...but I'll bet you there are many folks who would = consider it. The blurb I saw on the OffWallStreet report mentioned = something about "saturation." Though I haven't seen the report and know nothing = more than this, I have only one thought when I hear something like that in = the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when = stuff like this | happens that makes me question a trading "method". I'm sure if = CSTR stays | down, it will only be a matter of time before I see and IBD = write up using | their famous 20-20 hindsight to show why it was destined to = fall. Does | anyone else see anything in the price volume action that would = lead them to | believe that this was going to happen, or is it the M that is = still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: = RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we = faced with | buying CVH recently (too many chasing too few) we are seeing = similar | results, which unfortunately are on the downside. You mentioned = that | you got into the office late. Remember - there are people who = do this | for a living with millions at stake. A slight smell of weakness = and | they may sell some of their position to take some risk off the = table - | selling begets selling and before you know it CSTR is down over = 20%. We | have been in this situation several times before - and sold = quickly - | and yes much to our chagrin - some stocks came roaring back - = but in | other cases the stock kept declining. Throw out your ego - sell = - and | if CSTR sets up again look at buying it. I don't want to get = too deep | into wash sale rules, but you can't take and loss on CSTR if you = buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late = to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell = anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com ------=_NextPart_000_0005_01C24E14.F6848E70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Tom,
 
When I mentioned SBUX, = I was=20 alluding to the notion that everybody seems to *think* SBUX has = saturated=20 their markets, yet when they open new stores they just attract *more*=20 customers.... so with CSTR, the same thing came to mind. The other = similarity is=20 in their international expansion plans. Just as there's a whole world of = yet-to-be-SBUX-addicts, there's a whole world of coin counting and = related=20 services out there....
 
Katherine
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Tuesday, August 27, 2002 = 9:32=20 PM
Subject: Re: [CANSLIM] = CSTR

market saturation, in this case (and = Starbucks)=20 would be where locations are getting so numerous that the new = facilities begin=20 to cannibalize the existing ones. If the existing ones are overwhelmed = with=20 demand beyond capacity, that may be ok, but if not it's really bad.=20
 
----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Tuesday, August 27, 2002 3:35 PM
Subject: RE: [CANSLIM] CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's chart,=20 because my own algorithm had rated it top of about 50 CwH patterns = yesterday.=20 It would have been better with less volatility and less volume in the = handle,=20 but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in a = bucket=20 in my closet) Once a roll
is filled I then use it to buy = gas.  The=20 gas station people never seem to
mind getting a $10 quarter = roll or a=20 $2 nickel roll.  It works for me
because like you I will = never=20 haul my change to the store only to be charged
for = it.

Happy=20 Trading,
David Taggart

-----Original = Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets = in a=20 market like this--A
handle 8/1 to 8/14, breakout 8/15 on = volume, an=20 orderly pullback to the
pivot since then. I'd be hard pressed = to fault=20 the technicals unless you
want to argue the somewhat light = volume on=20 the right side of the cup, which
I won't, because it's = insignificant in=20 my mind.

There are a couple of things that kept me away = from=20 CSTR---high debt load
(though they've been restructuring debt = recently,=20 so they stay in my sights
in the meantime) and low ROE of 5% = (primarily=20 because they only turned EPS
positive in the last 4 quarters). = Given=20 the market is on shaky ground, I'd
rather sit back and watch = the=20 behavior of the stock than to dive
in....preferring to stalk = the trade=20 on other stocks which are fundamentally
stronger, but not yet = finished=20 with their bases. I also like to sit back and
watch most of the = early=20 stocks out of the gate after a follow-through and
see how = they're=20 acting, CSTR included.

I've often scratched my head at the = business=20 model.....seemed crazy that you
would *pay* to count your = change and be=20 happy to receive some crisp dollar
bills and a few store = coupons for=20 the "privilege." But I understand they're
appealing to a part = of the=20 population that is primarily cash-based and not
to those of us = who've=20 forgotten what it looks like and instead use our ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting=20 fees
after doing so for, well, forever.... We've always kept a = "change=20 can" and
dumped our change each day. When it's full, it's about = $200....I'd make my
ritual trek to the bank to have them count = it out,=20 then that evening we
would go out for a pricey dinner, = something we=20 rarely do. Now that they're
charging, however, the CSTR kiosks = become=20 an alternative. Personally, I'm
too cheap to pay *anybody* to = count my=20 money for me, so I won't be using the
bank *or* CSTR...but I'll = bet you=20 there are many folks who would consider
it. The blurb I saw on = the=20 OffWallStreet report mentioned something about
"saturation." = Though I=20 haven't seen the report and know nothing more than
this, I have = only=20 one thought when I hear something like that in the same
breath = as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate = all the=20 advice that I have gotten.  It is when stuff = like
this
|=20 happens that makes me question a trading "method".  I'm sure = if CSTR=20 stays
| down, it will only be a matter of time before I see and = IBD=20 write up using
| their famous 20-20 hindsight to show why it = was=20 destined to fall.  Does
| anyone else see anything in the = price=20 volume action that would lead them
to
| believe that this = was going=20 to happen, or is it the M that is still not
| strong = enough?
|
|=20 Okay, now I feel a bit better after venting.  Thank you=20 all!
|
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was a=20 favorite of many Canslimers - with the problems we faced with
| = buying=20 CVH recently (too many chasing too few) we are seeing similar
| = results, which unfortunately are on the downside.  You = mentioned=20 that
| you got into the office late.  Remember - there are = people=20 who do this
| for a living with millions at stake.  A = slight smell=20 of weakness and
| they may sell some of their position to take = some=20 risk off the table -
| selling begets selling and before you = know it=20 CSTR is down over 20%.  We
| have been in this situation = several=20 times before - and sold quickly -
| and yes much to our chagrin = - some=20 stocks came roaring back - but in
| other cases the stock kept=20 declining.  Throw out your ego - sell - and
| if CSTR sets = up=20 again look at buying it.  I don't want to get too deep
| = into wash=20 sale rules, but you can't take and loss on CSTR if you buy it
| = back=20 within 30 days.  Good luck
|
| Ed Gjertsen II
|=20 ed@macktracks.com
|
| -----Original Message-----
| From:=20 owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 = michael_niemotka@baxter.com
------=_NextPart_000_0005_01C24E14.F6848E70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 21:09:55 -0700 Sorry - I guess I wasn't clear. I had been eyeing CSTR closely ever since it hit $33-$34 last week - looking to initiate a short at the first sign of technical weakness. I was hoping to see an intra-day move below $31 on volume. I had NOT seen this, so I didn't put on a short position. By the time I looked at it this morning, it was already at $26 - so I never did end up shorting it this time (the last time I shorted it, which I posted about here in April, it worked pretty well - but I've been out of it for a while). I was trying to point out to Mike that the overnight haircut is the thorn in the side of CANSLIM (and probably any long technique), and there really were no major warning signs. Cheers, Ian ----- Original Message ----- Sent: Tuesday, August 27, 2002 1:09 PM > Ian, what did you see in CSTR as a short sale, technically speaking; don't > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > short during the pre-market or regular hours. Nice trade. dave > ----- Original Message ----- > From: "Ian" > To: > Sent: Tuesday, August 27, 2002 2:44 PM > Subject: Re: [CANSLIM] CSTR > > > > Mike: > > > > If it makes you feel better - I was looking for chart weakness so that I > > could intitate another short position - and I hadn't found any weakness > > before today. I would say that technically, the stock has behaved > extremely > > strongly up until today - strong enough to scare me away from shorting it. > > Just my 2 cents. > > > > Ian > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 8:22 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > this > > > happens that makes me question a trading "method". I'm sure if CSTR > stays > > > down, it will only be a matter of time before I see and IBD write up > using > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > > anyone else see anything in the price volume action that would lead them > > to > > > believe that this was going to happen, or is it the M that is still not > > > strong enough? > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > "Edward W. Gjertsen > > > II" To: > > canslim@lists.xmission.com > > > cc: > > > Sent by: Subject: RE: > > [CANSLIM] CSTR > > > owner-canslim@lists.xm > > > > > ission.com > > > > > > > > > 08/27/2002 10:09 AM > > > Please respond to > > > canslim > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced with > > > buying CVH recently (too many chasing too few) we are seeing similar > > > results, which unfortunately are on the downside. You mentioned that > > > you got into the office late. Remember - there are people who do this > > > for a living with millions at stake. A slight smell of weakness and > > > they may sell some of their position to take some risk off the table - > > > selling begets selling and before you know it CSTR is down over 20%. We > > > have been in this situation several times before - and sold quickly - > > > and yes much to our chagrin - some stocks came roaring back - but in > > > other cases the stock kept declining. Throw out your ego - sell - and > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > into wash sale rules, but you can't take and loss on CSTR if you buy it > > > back within 30 days. Good luck > > > > > > Ed Gjertsen II > > > ed@macktracks.com > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > michael_niemotka@baxter.com > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] CSTR > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > office today and it is down 18%!!! > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > wait > > > it out to see if the day may turn a bit? > > > > > > Thanks > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 21:11:57 -0700 Mike: As far as I know, and my personal observations seem to have confirmed it, there is no uptick rule on the NASDAQ. You can short at market if you like. Ian ----- Original Message ----- Sent: Tuesday, August 27, 2002 1:12 PM > > Question about selling short: > > From what I understand, you can only sell short on an uptick, but is it > possible to put in a short sell order, that you hope gets done if the stock > has a single uptick on it's way down? > > Thanks > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "david frank" > .net> cc: > Sent by: Subject: Re: [CANSLIM] CSTR > owner-canslim@lists.xm > ission.com > > > 08/27/2002 03:09 PM > Please respond to > canslim > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > short during the pre-market or regular hours. Nice trade. dave > ----- Original Message ----- > From: "Ian" > To: > Sent: Tuesday, August 27, 2002 2:44 PM > Subject: Re: [CANSLIM] CSTR > > > > Mike: > > > > If it makes you feel better - I was looking for chart weakness so that I > > could intitate another short position - and I hadn't found any weakness > > before today. I would say that technically, the stock has behaved > extremely > > strongly up until today - strong enough to scare me away from shorting > it. > > Just my 2 cents. > > > > Ian > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 8:22 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > this > > > happens that makes me question a trading "method". I'm sure if CSTR > stays > > > down, it will only be a matter of time before I see and IBD write up > using > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > > anyone else see anything in the price volume action that would lead > them > > to > > > believe that this was going to happen, or is it the M that is still not > > > strong enough? > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > "Edward W. Gjertsen > > > II" To: > > canslim@lists.xmission.com > > > cc: > > > Sent by: Subject: RE: > > [CANSLIM] CSTR > > > owner-canslim@lists.xm > > > > > ission.com > > > > > > > > > 08/27/2002 10:09 AM > > > Please respond to > > > canslim > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced > with > > > buying CVH recently (too many chasing too few) we are seeing similar > > > results, which unfortunately are on the downside. You mentioned that > > > you got into the office late. Remember - there are people who do this > > > for a living with millions at stake. A slight smell of weakness and > > > they may sell some of their position to take some risk off the table - > > > selling begets selling and before you know it CSTR is down over 20%. > We > > > have been in this situation several times before - and sold quickly - > > > and yes much to our chagrin - some stocks came roaring back - but in > > > other cases the stock kept declining. Throw out your ego - sell - and > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > into wash sale rules, but you can't take and loss on CSTR if you buy it > > > back within 30 days. Good luck > > > > > > Ed Gjertsen II > > > ed@macktracks.com > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > michael_niemotka@baxter.com > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] CSTR > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > office today and it is down 18%!!! > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > wait > > > it out to see if the day may turn a bit? > > > > > > Thanks > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] CSTR Date: 27 Aug 2002 21:29:36 -0700 Just to add - IBD mentioned tonight, A sell report from Off Wall Street Consulting Group caused the selloff. Taken from another site: "Off Wall Street, based in Cambridge, Massachusetts, declined to confirm it had issued a report and said its research is provided only to clients who pay for the service." That explains the lack of news during the day. -Bill ----- Original Message ----- Sent: Tuesday, August 27, 2002 7:16 PM > I think the handle is fine, well into the upper half of the cup. Volume > declined ok, b/o on 8/15 on more than 3X ADV. > > Where I would fault it is on revenues, which over the past 4 quarters do not > show me the kind of consistent growth to justify either the growth in > earnings, or the high PE, although if you believe the projected earnings (I > don't) then the projected PE is more moderate. > > I see this as a business that will best thrive when the economy falters to > the point that everyone is taking their jars of pocket change, and having it > counted, because they need a little "nest egg". > > ----- Original Message ----- > From: "Patrick Wahl" > To: > Sent: Tuesday, August 27, 2002 11:49 AM > Subject: RE: [CANSLIM] CSTR > > > Maybe that the handle formed part way up the right side of the cup was a > warning > sign? I'm assuming you would have bought a breakout at that level. When > this was > originally mentioned here, I looked at it and thought it was such an odd > little niche > business that it probably had limited growth potential. (doesn't mean it > could not > have moved on up a bit) > > > > On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > anyone else see anything in the price volume action that would lead them > to > > believe that this was going to happen, or is it the M that is still not > > strong enough? > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 06:32:45 -0400 unless rules changed, and I don't think so, the bid price must go up to short on NASDAQ, whereas on NYSE and AMEX you only need an uptick (latest price traded higher than prior one). ----- Original Message ----- Sent: Wednesday, August 28, 2002 12:11 AM Mike: As far as I know, and my personal observations seem to have confirmed it, there is no uptick rule on the NASDAQ. You can short at market if you like. Ian ----- Original Message ----- Sent: Tuesday, August 27, 2002 1:12 PM > > Question about selling short: > > From what I understand, you can only sell short on an uptick, but is it > possible to put in a short sell order, that you hope gets done if the stock > has a single uptick on it's way down? > > Thanks > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "david frank" > .net> cc: > Sent by: Subject: Re: [CANSLIM] CSTR > owner-canslim@lists.xm > ission.com > > > 08/27/2002 03:09 PM > Please respond to > canslim > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > short during the pre-market or regular hours. Nice trade. dave > ----- Original Message ----- > From: "Ian" > To: > Sent: Tuesday, August 27, 2002 2:44 PM > Subject: Re: [CANSLIM] CSTR > > > > Mike: > > > > If it makes you feel better - I was looking for chart weakness so that I > > could intitate another short position - and I hadn't found any weakness > > before today. I would say that technically, the stock has behaved > extremely > > strongly up until today - strong enough to scare me away from shorting > it. > > Just my 2 cents. > > > > Ian > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 8:22 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > this > > > happens that makes me question a trading "method". I'm sure if CSTR > stays > > > down, it will only be a matter of time before I see and IBD write up > using > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > > anyone else see anything in the price volume action that would lead > them > > to > > > believe that this was going to happen, or is it the M that is still not > > > strong enough? > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > "Edward W. Gjertsen > > > II" To: > > canslim@lists.xmission.com > > > cc: > > > Sent by: Subject: RE: > > [CANSLIM] CSTR > > > owner-canslim@lists.xm > > > > > ission.com > > > > > > > > > 08/27/2002 10:09 AM > > > Please respond to > > > canslim > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced > with > > > buying CVH recently (too many chasing too few) we are seeing similar > > > results, which unfortunately are on the downside. You mentioned that > > > you got into the office late. Remember - there are people who do this > > > for a living with millions at stake. A slight smell of weakness and > > > they may sell some of their position to take some risk off the table - > > > selling begets selling and before you know it CSTR is down over 20%. > We > > > have been in this situation several times before - and sold quickly - > > > and yes much to our chagrin - some stocks came roaring back - but in > > > other cases the stock kept declining. Throw out your ego - sell - and > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > into wash sale rules, but you can't take and loss on CSTR if you buy it > > > back within 30 days. Good luck > > > > > > Ed Gjertsen II > > > ed@macktracks.com > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > michael_niemotka@baxter.com > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] CSTR > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > office today and it is down 18%!!! > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > wait > > > it out to see if the day may turn a bit? > > > > > > Thanks > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 06:16:04 -0500 Bill et al, RE the comments on a sell off of CSTR due to a "sell report". How come 'everyone else' is apparently listening to analysts while us CAN SLIMers are supposed to ignore them as irrelevant? This has always puzzled me. Or, can this "Off Wall Street" be considered one of the analysts to be ignored; or are they some other kind of M animal? Sure seems like analysts have an impact, time and again, even though WON says to disregard their advice. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:29 PM > Just to add - IBD mentioned tonight, A sell report from Off Wall Street > Consulting Group caused the selloff. > > Taken from another site: "Off Wall Street, based in Cambridge, > Massachusetts, declined to confirm it had issued a report and said its > research is provided only to clients who pay for the service." > > That explains the lack of news during the day. > > -Bill > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Tuesday, August 27, 2002 7:16 PM > Subject: Re: [CANSLIM] CSTR > > > > I think the handle is fine, well into the upper half of the cup. Volume > > declined ok, b/o on 8/15 on more than 3X ADV. > > > > Where I would fault it is on revenues, which over the past 4 quarters do > not > > show me the kind of consistent growth to justify either the growth in > > earnings, or the high PE, although if you believe the projected earnings > (I > > don't) then the projected PE is more moderate. > > > > I see this as a business that will best thrive when the economy falters to > > the point that everyone is taking their jars of pocket change, and having > it > > counted, because they need a little "nest egg". > > > > ----- Original Message ----- > > From: "Patrick Wahl" > > To: > > Sent: Tuesday, August 27, 2002 11:49 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > Maybe that the handle formed part way up the right side of the cup was a > > warning > > sign? I'm assuming you would have bought a breakout at that level. When > > this was > > originally mentioned here, I looked at it and thought it was such an odd > > little niche > > business that it probably had limited growth potential. (doesn't mean it > > could not > > have moved on up a bit) > > > > > > > > On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > > > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > > anyone else see anything in the price volume action that would lead them > > to > > > believe that this was going to happen, or is it the M that is still not > > > strong enough? > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 06:22:50 -0500 Ian, Interesting that you were looking to short such a likely looking CAN SLIM candidate. What weakness did you see that led you to consider shorting CSTR? Seriously, I sure would like to know what dent in the CAN SLIM amour you were looking at. Was it fundamental or technical? Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:09 PM > Sorry - I guess I wasn't clear. I had been eyeing CSTR closely ever since it > hit $33-$34 last week - looking to initiate a short at the first sign of > technical weakness. I was hoping to see an intra-day move below $31 on > volume. I had NOT seen this, so I didn't put on a short position. By the > time I looked at it this morning, it was already at $26 - so I never did end > up shorting it this time (the last time I shorted it, which I posted about > here in April, it worked pretty well - but I've been out of it for a while). > > I was trying to point out to Mike that the overnight haircut is the thorn in > the side of CANSLIM (and probably any long technique), and there really were > no major warning signs. > > Cheers, > > Ian > > > ----- Original Message ----- > From: david frank > To: > Sent: Tuesday, August 27, 2002 1:09 PM > Subject: Re: [CANSLIM] CSTR > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > > short during the pre-market or regular hours. Nice trade. dave > > ----- Original Message ----- > > From: "Ian" > > To: > > Sent: Tuesday, August 27, 2002 2:44 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > Mike: > > > > > > If it makes you feel better - I was looking for chart weakness so that I > > > could intitate another short position - and I hadn't found any weakness > > > before today. I would say that technically, the stock has behaved > > extremely > > > strongly up until today - strong enough to scare me away from shorting > it. > > > Just my 2 cents. > > > > > > Ian > > > > > > > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Tuesday, August 27, 2002 8:22 AM > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > > this > > > > happens that makes me question a trading "method". I'm sure if CSTR > > stays > > > > down, it will only be a matter of time before I see and IBD write up > > using > > > > their famous 20-20 hindsight to show why it was destined to fall. > Does > > > > anyone else see anything in the price volume action that would lead > them > > > to > > > > believe that this was going to happen, or is it the M that is still > not > > > > strong enough? > > > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > "Edward W. Gjertsen > > > > II" To: > > > canslim@lists.xmission.com > > > > cc: > > > > Sent by: Subject: RE: > > > [CANSLIM] CSTR > > > > owner-canslim@lists.xm > > > > > > > ission.com > > > > > > > > > > > > 08/27/2002 10:09 AM > > > > Please respond to > > > > canslim > > > > > > > > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced > with > > > > buying CVH recently (too many chasing too few) we are seeing similar > > > > results, which unfortunately are on the downside. You mentioned that > > > > you got into the office late. Remember - there are people who do this > > > > for a living with millions at stake. A slight smell of weakness and > > > > they may sell some of their position to take some risk off the table - > > > > selling begets selling and before you know it CSTR is down over 20%. > We > > > > have been in this situation several times before - and sold quickly - > > > > and yes much to our chagrin - some stocks came roaring back - but in > > > > other cases the stock kept declining. Throw out your ego - sell - and > > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > > into wash sale rules, but you can't take and loss on CSTR if you buy > it > > > > back within 30 days. Good luck > > > > > > > > Ed Gjertsen II > > > > ed@macktracks.com > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > > michael_niemotka@baxter.com > > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] CSTR > > > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > > office today and it is down 18%!!! > > > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > > wait > > > > it out to see if the day may turn a bit? > > > > > > > > Thanks > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 07:26:15 -0400 one of the problems I have with analysts is that they don't put all their cards on the table where we can see them. You don't know what their "hidden agenda" is, or where their interests lie. Certainly recent legal action has shown us that they can tout stocks to the public, while trashing them within their own organization. And we have also seen that they can continue to recommend stocks like Enron all the way into bankruptcy. Yes, they very definitely can have an impact if they have a following, or work for a brokerage house with a sufficiently sized retail force. Nothing wrong in listening to an analyst (if you don't mind your mind and thinking process being potentially polluted and corrupted), but take what they say and apply simply common sense and logic to it. Ultimately, let the chart and the fundamentals steer your decision making however, not what some analyst is saying. Far too often what they say today only lasts today, by tomorrow they may say something totally contradictory. The charts are fact, an analyst's report is an opinion. ----- Original Message ----- Sent: Wednesday, August 28, 2002 7:16 AM Bill et al, RE the comments on a sell off of CSTR due to a "sell report". How come 'everyone else' is apparently listening to analysts while us CAN SLIMers are supposed to ignore them as irrelevant? This has always puzzled me. Or, can this "Off Wall Street" be considered one of the analysts to be ignored; or are they some other kind of M animal? Sure seems like analysts have an impact, time and again, even though WON says to disregard their advice. Norm ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:29 PM > Just to add - IBD mentioned tonight, A sell report from Off Wall Street > Consulting Group caused the selloff. > > Taken from another site: "Off Wall Street, based in Cambridge, > Massachusetts, declined to confirm it had issued a report and said its > research is provided only to clients who pay for the service." > > That explains the lack of news during the day. > > -Bill > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Tuesday, August 27, 2002 7:16 PM > Subject: Re: [CANSLIM] CSTR > > > > I think the handle is fine, well into the upper half of the cup. Volume > > declined ok, b/o on 8/15 on more than 3X ADV. > > > > Where I would fault it is on revenues, which over the past 4 quarters do > not > > show me the kind of consistent growth to justify either the growth in > > earnings, or the high PE, although if you believe the projected earnings > (I > > don't) then the projected PE is more moderate. > > > > I see this as a business that will best thrive when the economy falters to > > the point that everyone is taking their jars of pocket change, and having > it > > counted, because they need a little "nest egg". > > > > ----- Original Message ----- > > From: "Patrick Wahl" > > To: > > Sent: Tuesday, August 27, 2002 11:49 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > Maybe that the handle formed part way up the right side of the cup was a > > warning > > sign? I'm assuming you would have bought a breakout at that level. When > > this was > > originally mentioned here, I looked at it and thought it was such an odd > > little niche > > business that it probably had limited growth potential. (doesn't mean it > > could not > > have moved on up a bit) > > > > > > > > On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > > > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > > anyone else see anything in the price volume action that would lead them > > to > > > believe that this was going to happen, or is it the M that is still not > > > strong enough? > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 06:32:32 -0500 I agree Tom, too much unknown about what their agenda is. However, in the case of CSTR, the chart is too late to help a poor CAN SLIMer. I have been in and out of EASI in the past (pre-9/11) and found that a particular analyst kept killing rallies after short gains; no good reason other than he thought it was "overvalued". It almost seems that we need to know the analysts who are covering our holdings, know their history regarding those holdings, and read their reports, hopefully before everyone else does. I dunno, seems like a catch 22. Norm ----- Original Message ----- Sent: Wednesday, August 28, 2002 6:26 AM > one of the problems I have with analysts is that they don't put all their > cards on the table where we can see them. You don't know what their "hidden > agenda" is, or where their interests lie. Certainly recent legal action has > shown us that they can tout stocks to the public, while trashing them within > their own organization. And we have also seen that they can continue to > recommend stocks like Enron all the way into bankruptcy. > > Yes, they very definitely can have an impact if they have a following, or > work for a brokerage house with a sufficiently sized retail force. Nothing > wrong in listening to an analyst (if you don't mind your mind and thinking > process being potentially polluted and corrupted), but take what they say > and apply simply common sense and logic to it. Ultimately, let the chart and > the fundamentals steer your decision making however, not what some analyst > is saying. Far too often what they say today only lasts today, by tomorrow > they may say something totally contradictory. > > The charts are fact, an analyst's report is an opinion. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Wednesday, August 28, 2002 7:16 AM > Subject: Re: [CANSLIM] CSTR > > > Bill et al, > > RE the comments on a sell off of CSTR due to a "sell report". How come > 'everyone else' is apparently listening to analysts while us CAN SLIMers are > supposed to ignore them as irrelevant? This has always puzzled me. Or, can > this "Off Wall Street" be considered one of the analysts to be ignored; or > are they some other kind of M animal? Sure seems like analysts have an > impact, time and again, even though WON says to disregard their advice. > > Norm > > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Tuesday, August 27, 2002 11:29 PM > Subject: Re: [CANSLIM] CSTR > > > > Just to add - IBD mentioned tonight, A sell report from Off Wall Street > > Consulting Group caused the selloff. > > > > Taken from another site: "Off Wall Street, based in Cambridge, > > Massachusetts, declined to confirm it had issued a report and said its > > research is provided only to clients who pay for the service." > > > > That explains the lack of news during the day. > > > > -Bill > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Tuesday, August 27, 2002 7:16 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > I think the handle is fine, well into the upper half of the cup. Volume > > > declined ok, b/o on 8/15 on more than 3X ADV. > > > > > > Where I would fault it is on revenues, which over the past 4 quarters do > > not > > > show me the kind of consistent growth to justify either the growth in > > > earnings, or the high PE, although if you believe the projected earnings > > (I > > > don't) then the projected PE is more moderate. > > > > > > I see this as a business that will best thrive when the economy falters > to > > > the point that everyone is taking their jars of pocket change, and > having > > it > > > counted, because they need a little "nest egg". > > > > > > ----- Original Message ----- > > > From: "Patrick Wahl" > > > To: > > > Sent: Tuesday, August 27, 2002 11:49 AM > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > Maybe that the handle formed part way up the right side of the cup was a > > > warning > > > sign? I'm assuming you would have bought a breakout at that level. > When > > > this was > > > originally mentioned here, I looked at it and thought it was such an odd > > > little niche > > > business that it probably had limited growth potential. (doesn't mean > it > > > could not > > > have moved on up a bit) > > > > > > > > > > > > On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > > > > > > > their famous 20-20 hindsight to show why it was destined to fall. > Does > > > > anyone else see anything in the price volume action that would lead > them > > > to > > > > believe that this was going to happen, or is it the M that is still > not > > > > strong enough? > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: [CANSLIM] CSTR Date: 28 Aug 2002 07:43:18 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0007_01C24E66.93499920 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable see www.businesswire.com for the 07:30am story -- CSTR comments on = recent "Research Report" from Off Wall Street. ------=_NextPart_000_0007_01C24E66.93499920 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
see www.businesswire.com for the = 07:30am=20 story -- CSTR comments on recent "Research Report" from Off Wall=20 Street.
------=_NextPart_000_0007_01C24E66.93499920-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 07:45:25 -0400 the lesson to learn from CSTR is that s _ _ t happens, and sometimes you simply cannot see it coming, or avoid it. On the other hand, if the rumor of a report alleging "saturation" is correct, then your own due diligence might have drawn you to the same conclusion, and kept you out of the stock. As Katherine pointed out, SBUX has had to deal with this issue, so far successfully. Others have pointed out KKD as a saturation candidate, hasn't stopped it going up either over the past year. On the other hand, both SBUX and KKD now have charts that most CANSLIMers would avoid, with SBUX forming a handle in the lower half of the cup, and KKD in a downtrend. Maybe saturation is finally a concern that the market is starting to believe, or has finally become real. Compared to this, CSTR's chart looks pretty good. For me, their business simply never made sense, that's why I had no interest in it. I put my quarters in the piggy bank, and roll them myself when its full. I use my pennies, nickels and dimes when I buy something in order to get more quarters back, or only get paper bills. So I never accumulate large amounts of coins, and have a limited amount of coins jingling in my pocket each day (and yes, I will stoop over and pick up those pennies that others throw away, it may save me having to get more on a future purchase). ----- Original Message ----- Sent: Wednesday, August 28, 2002 7:32 AM I agree Tom, too much unknown about what their agenda is. However, in the case of CSTR, the chart is too late to help a poor CAN SLIMer. I have been in and out of EASI in the past (pre-9/11) and found that a particular analyst kept killing rallies after short gains; no good reason other than he thought it was "overvalued". It almost seems that we need to know the analysts who are covering our holdings, know their history regarding those holdings, and read their reports, hopefully before everyone else does. I dunno, seems like a catch 22. Norm ----- Original Message ----- Sent: Wednesday, August 28, 2002 6:26 AM > one of the problems I have with analysts is that they don't put all their > cards on the table where we can see them. You don't know what their "hidden > agenda" is, or where their interests lie. Certainly recent legal action has > shown us that they can tout stocks to the public, while trashing them within > their own organization. And we have also seen that they can continue to > recommend stocks like Enron all the way into bankruptcy. > > Yes, they very definitely can have an impact if they have a following, or > work for a brokerage house with a sufficiently sized retail force. Nothing > wrong in listening to an analyst (if you don't mind your mind and thinking > process being potentially polluted and corrupted), but take what they say > and apply simply common sense and logic to it. Ultimately, let the chart and > the fundamentals steer your decision making however, not what some analyst > is saying. Far too often what they say today only lasts today, by tomorrow > they may say something totally contradictory. > > The charts are fact, an analyst's report is an opinion. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Wednesday, August 28, 2002 7:16 AM > Subject: Re: [CANSLIM] CSTR > > > Bill et al, > > RE the comments on a sell off of CSTR due to a "sell report". How come > 'everyone else' is apparently listening to analysts while us CAN SLIMers are > supposed to ignore them as irrelevant? This has always puzzled me. Or, can > this "Off Wall Street" be considered one of the analysts to be ignored; or > are they some other kind of M animal? Sure seems like analysts have an > impact, time and again, even though WON says to disregard their advice. > > Norm > > ----- Original Message ----- > From: "Bill Triffet" > To: > Sent: Tuesday, August 27, 2002 11:29 PM > Subject: Re: [CANSLIM] CSTR > > > > Just to add - IBD mentioned tonight, A sell report from Off Wall Street > > Consulting Group caused the selloff. > > > > Taken from another site: "Off Wall Street, based in Cambridge, > > Massachusetts, declined to confirm it had issued a report and said its > > research is provided only to clients who pay for the service." > > > > That explains the lack of news during the day. > > > > -Bill > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Tuesday, August 27, 2002 7:16 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > I think the handle is fine, well into the upper half of the cup. Volume > > > declined ok, b/o on 8/15 on more than 3X ADV. > > > > > > Where I would fault it is on revenues, which over the past 4 quarters do > > not > > > show me the kind of consistent growth to justify either the growth in > > > earnings, or the high PE, although if you believe the projected earnings > > (I > > > don't) then the projected PE is more moderate. > > > > > > I see this as a business that will best thrive when the economy falters > to > > > the point that everyone is taking their jars of pocket change, and > having > > it > > > counted, because they need a little "nest egg". > > > > > > ----- Original Message ----- > > > From: "Patrick Wahl" > > > To: > > > Sent: Tuesday, August 27, 2002 11:49 AM > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > Maybe that the handle formed part way up the right side of the cup was a > > > warning > > > sign? I'm assuming you would have bought a breakout at that level. > When > > > this was > > > originally mentioned here, I looked at it and thought it was such an odd > > > little niche > > > business that it probably had limited growth potential. (doesn't mean > it > > > could not > > > have moved on up a bit) > > > > > > > > > > > > On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > > > > > > > their famous 20-20 hindsight to show why it was destined to fall. > Does > > > > anyone else see anything in the price volume action that would lead > them > > > to > > > > believe that this was going to happen, or is it the M that is still > not > > > > strong enough? > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 07:56:27 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00B1_01C24E68.69E054F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I must say, an impressive rebuttal to an unpublished critical report. I = like the fact they responded in a timely manner as well. Their use of fully depreciated machines in banks on a pilot program on a = flat rate revenue basis is interesting, especially given one members = comment that their bank no longer counts coins for free. would be interesting to see the off wall st report to see if it makes = equal sense. goes back to the issue of the analyst's agenda. ----- Original Message -----=20 Sent: Wednesday, August 28, 2002 7:43 AM see www.businesswire.com for the 07:30am story -- CSTR comments on = recent "Research Report" from Off Wall Street. ------=_NextPart_000_00B1_01C24E68.69E054F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I must say, an impressive rebuttal to an = unpublished=20 critical report. I like the fact they responded in a timely manner as=20 well.
 
Their use of fully depreciated machines in banks = on a=20 pilot program on a flat rate revenue basis is interesting, especially = given one=20 members comment that their bank no longer counts coins for = free.
 
would be interesting to see the off wall st = report to see=20 if it makes equal sense. goes back to the issue of the analyst's=20 agenda.
 
----- Original Message -----=20
From: Winston=20 Little
Sent: Wednesday, August 28, 2002 7:43 AM
Subject: [CANSLIM] CSTR

see www.businesswire.com for the = 07:30am=20 story -- CSTR comments on recent "Research Report" from Off Wall=20 Street.
------=_NextPart_000_00B1_01C24E68.69E054F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 07:02:25 -0500 I was afraid of that, more work on our part to learn what the analysts are going to announce, before they announce it:-( Thanks for the view point, Tom. Here ya go Katherine, another entry for the group FAQ: "s _ _ t happens" Norm ----- Original Message ----- Sent: Wednesday, August 28, 2002 6:45 AM > the lesson to learn from CSTR is that s _ _ t happens, and sometimes you > simply cannot see it coming, or avoid it. On the other hand, if the rumor of > a report alleging "saturation" is correct, then your own due diligence might > have drawn you to the same conclusion, and kept you out of the stock. As > Katherine pointed out, SBUX has had to deal with this issue, so far > successfully. Others have pointed out KKD as a saturation candidate, hasn't > stopped it going up either over the past year. > > On the other hand, both SBUX and KKD now have charts that most CANSLIMers > would avoid, with SBUX forming a handle in the lower half of the cup, and > KKD in a downtrend. Maybe saturation is finally a concern that the market is > starting to believe, or has finally become real. Compared to this, CSTR's > chart looks pretty good. For me, their business simply never made sense, > that's why I had no interest in it. I put my quarters in the piggy bank, and > roll them myself when its full. I use my pennies, nickels and dimes when I > buy something in order to get more quarters back, or only get paper bills. > So I never accumulate large amounts of coins, and have a limited amount of > coins jingling in my pocket each day (and yes, I will stoop over and pick up > those pennies that others throw away, it may save me having to get more on a > future purchase). > > ----- Original Message ----- > From: "Norman" > To: > Sent: Wednesday, August 28, 2002 7:32 AM > Subject: Re: [CANSLIM] CSTR > > > I agree Tom, too much unknown about what their agenda is. However, in the > case of CSTR, the chart is too late to help a poor CAN SLIMer. I have been > in and out of EASI in the past (pre-9/11) and found that a particular > analyst kept killing rallies after short gains; no good reason other than he > thought it was "overvalued". It almost seems that we need to know the > analysts who are covering our holdings, know their history regarding those > holdings, and read their reports, hopefully before everyone else does. I > dunno, seems like a catch 22. > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Wednesday, August 28, 2002 6:26 AM > Subject: Re: [CANSLIM] CSTR > > > > one of the problems I have with analysts is that they don't put all their > > cards on the table where we can see them. You don't know what their > "hidden > > agenda" is, or where their interests lie. Certainly recent legal action > has > > shown us that they can tout stocks to the public, while trashing them > within > > their own organization. And we have also seen that they can continue to > > recommend stocks like Enron all the way into bankruptcy. > > > > Yes, they very definitely can have an impact if they have a following, or > > work for a brokerage house with a sufficiently sized retail force. Nothing > > wrong in listening to an analyst (if you don't mind your mind and thinking > > process being potentially polluted and corrupted), but take what they say > > and apply simply common sense and logic to it. Ultimately, let the chart > and > > the fundamentals steer your decision making however, not what some analyst > > is saying. Far too often what they say today only lasts today, by tomorrow > > they may say something totally contradictory. > > > > The charts are fact, an analyst's report is an opinion. > > > > ----- Original Message ----- > > From: "Norman" > > To: > > Sent: Wednesday, August 28, 2002 7:16 AM > > Subject: Re: [CANSLIM] CSTR > > > > > > Bill et al, > > > > RE the comments on a sell off of CSTR due to a "sell report". How come > > 'everyone else' is apparently listening to analysts while us CAN SLIMers > are > > supposed to ignore them as irrelevant? This has always puzzled me. Or, > can > > this "Off Wall Street" be considered one of the analysts to be ignored; or > > are they some other kind of M animal? Sure seems like analysts have an > > impact, time and again, even though WON says to disregard their advice. > > > > Norm > > > > ----- Original Message ----- > > From: "Bill Triffet" > > To: > > Sent: Tuesday, August 27, 2002 11:29 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > Just to add - IBD mentioned tonight, A sell report from Off Wall Street > > > Consulting Group caused the selloff. > > > > > > Taken from another site: "Off Wall Street, based in Cambridge, > > > Massachusetts, declined to confirm it had issued a report and said its > > > research is provided only to clients who pay for the service." > > > > > > That explains the lack of news during the day. > > > > > > -Bill > > > > > > ----- Original Message ----- > > > From: "Tom Worley" > > > To: > > > Sent: Tuesday, August 27, 2002 7:16 PM > > > Subject: Re: [CANSLIM] CSTR > > > > > > > > > > I think the handle is fine, well into the upper half of the cup. > Volume > > > > declined ok, b/o on 8/15 on more than 3X ADV. > > > > > > > > Where I would fault it is on revenues, which over the past 4 quarters > do > > > not > > > > show me the kind of consistent growth to justify either the growth in > > > > earnings, or the high PE, although if you believe the projected > earnings > > > (I > > > > don't) then the projected PE is more moderate. > > > > > > > > I see this as a business that will best thrive when the economy > falters > > to > > > > the point that everyone is taking their jars of pocket change, and > > having > > > it > > > > counted, because they need a little "nest egg". > > > > > > > > ----- Original Message ----- > > > > From: "Patrick Wahl" > > > > To: > > > > Sent: Tuesday, August 27, 2002 11:49 AM > > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > > > Maybe that the handle formed part way up the right side of the cup was > a > > > > warning > > > > sign? I'm assuming you would have bought a breakout at that level. > > When > > > > this was > > > > originally mentioned here, I looked at it and thought it was such an > odd > > > > little niche > > > > business that it probably had limited growth potential. (doesn't mean > > it > > > > could not > > > > have moved on up a bit) > > > > > > > > > > > > > > > > On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > > > > > > > > > their famous 20-20 hindsight to show why it was destined to fall. > > Does > > > > > anyone else see anything in the price volume action that would lead > > them > > > > to > > > > > believe that this was going to happen, or is it the M that is still > > not > > > > > strong enough? > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 07:09:52 -0500 I just heard on Squawk Box (along with everyone else out there) that "Off Wall Street" is known for issuing "short" reports. Not sure exactly what that means; maybe someone else here can explain. Sounds like a report to set up clients that are shorting:-0 ....naw, that can't be; they wouldn't do that:-) Also, some official from CSTR will be on squawk box tomorrow morn; I think that was the show the mentioned. Norm ----- Original Message ----- Sent: Wednesday, August 28, 2002 6:56 AM I must say, an impressive rebuttal to an unpublished critical report. I like the fact they responded in a timely manner as well. Their use of fully depreciated machines in banks on a pilot program on a flat rate revenue basis is interesting, especially given one members comment that their bank no longer counts coins for free. would be interesting to see the off wall st report to see if it makes equal sense. goes back to the issue of the analyst's agenda. ----- Original Message ----- Sent: Wednesday, August 28, 2002 7:43 AM see www.businesswire.com for the 07:30am story -- CSTR comments on recent "Research Report" from Off Wall Street. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 08:18:59 -0400 My recollection is that Roger Tawa pointed out that "SHIFT happens" not "S--T". The CSTR COO is targeted to be on CNBC Squawk Box at 07:30 am Thu. 29 Aug.2002. ----- Original Message ----- Sent: Wednesday, August 28, 2002 8:02 AM > I was afraid of that, more work on our part to learn what the analysts are > going to announce, before they announce it:-( > Thanks for the view point, Tom. > > Here ya go Katherine, another entry for the group FAQ: "s _ _ t happens" > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Wednesday, August 28, 2002 6:45 AM > Subject: Re: [CANSLIM] CSTR > > > > the lesson to learn from CSTR is that s _ _ t happens, and sometimes you > > simply cannot see it coming, or avoid it. On the other hand, if the rumor > of > > a report alleging "saturation" is correct, then your own due diligence > might > > have drawn you to the same conclusion, and kept you out of the stock. As > > Katherine pointed out, SBUX has had to deal with this issue, so far > > successfully. Others have pointed out KKD as a saturation candidate, > hasn't > > stopped it going up either over the past year. > > > > On the other hand, both SBUX and KKD now have charts that most CANSLIMers > > would avoid, with SBUX forming a handle in the lower half of the cup, and > > KKD in a downtrend. Maybe saturation is finally a concern that the market > is > > starting to believe, or has finally become real. Compared to this, CSTR's > > chart looks pretty good. For me, their business simply never made sense, > > that's why I had no interest in it. I put my quarters in the piggy bank, > and > > roll them myself when its full. I use my pennies, nickels and dimes when I > > buy something in order to get more quarters back, or only get paper bills. > > So I never accumulate large amounts of coins, and have a limited amount of > > coins jingling in my pocket each day (and yes, I will stoop over and pick > up > > those pennies that others throw away, it may save me having to get more on > a > > future purchase). > > > > ----- Original Message ----- > > From: "Norman" > > To: > > Sent: Wednesday, August 28, 2002 7:32 AM > > Subject: Re: [CANSLIM] CSTR > > > > > > I agree Tom, too much unknown about what their agenda is. However, in the > > case of CSTR, the chart is too late to help a poor CAN SLIMer. I have > been > > in and out of EASI in the past (pre-9/11) and found that a particular > > analyst kept killing rallies after short gains; no good reason other than > he > > thought it was "overvalued". It almost seems that we need to know the > > analysts who are covering our holdings, know their history regarding those > > holdings, and read their reports, hopefully before everyone else does. I > > dunno, seems like a catch 22. > > > > Norm > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Wednesday, August 28, 2002 6:26 AM > > Subject: Re: [CANSLIM] CSTR > > > > > > > one of the problems I have with analysts is that they don't put all > their > > > cards on the table where we can see them. You don't know what their > > "hidden > > > agenda" is, or where their interests lie. Certainly recent legal action > > has > > > shown us that they can tout stocks to the public, while trashing them > > within > > > their own organization. And we have also seen that they can continue to > > > recommend stocks like Enron all the way into bankruptcy. > > > > > > Yes, they very definitely can have an impact if they have a following, > or > > > work for a brokerage house with a sufficiently sized retail force. > Nothing > > > wrong in listening to an analyst (if you don't mind your mind and > thinking > > > process being potentially polluted and corrupted), but take what they > say > > > and apply simply common sense and logic to it. Ultimately, let the chart > > and > > > the fundamentals steer your decision making however, not what some > analyst > > > is saying. Far too often what they say today only lasts today, by > tomorrow > > > they may say something totally contradictory. > > > > > > The charts are fact, an analyst's report is an opinion. > > > > > > ----- Original Message ----- > > > From: "Norman" > > > To: > > > Sent: Wednesday, August 28, 2002 7:16 AM > > > Subject: Re: [CANSLIM] CSTR > > > > > > > > > Bill et al, > > > > > > RE the comments on a sell off of CSTR due to a "sell report". How come > > > 'everyone else' is apparently listening to analysts while us CAN SLIMers > > are > > > supposed to ignore them as irrelevant? This has always puzzled me. Or, > > can > > > this "Off Wall Street" be considered one of the analysts to be ignored; > or > > > are they some other kind of M animal? Sure seems like analysts have an > > > impact, time and again, even though WON says to disregard their advice. > > > > > > Norm > > > > > > ----- Original Message ----- > > > From: "Bill Triffet" > > > To: > > > Sent: Tuesday, August 27, 2002 11:29 PM > > > Subject: Re: [CANSLIM] CSTR > > > > > > > > > > Just to add - IBD mentioned tonight, A sell report from Off Wall > Street > > > > Consulting Group caused the selloff. > > > > > > > > Taken from another site: "Off Wall Street, based in Cambridge, > > > > Massachusetts, declined to confirm it had issued a report and said its > > > > research is provided only to clients who pay for the service." > > > > > > > > That explains the lack of news during the day. > > > > > > > > -Bill > > > > > > > > ----- Original Message ----- > > > > From: "Tom Worley" > > > > To: > > > > Sent: Tuesday, August 27, 2002 7:16 PM > > > > Subject: Re: [CANSLIM] CSTR > > > > > > > > > > > > > I think the handle is fine, well into the upper half of the cup. > > Volume > > > > > declined ok, b/o on 8/15 on more than 3X ADV. > > > > > > > > > > Where I would fault it is on revenues, which over the past 4 > quarters > > do > > > > not > > > > > show me the kind of consistent growth to justify either the growth > in > > > > > earnings, or the high PE, although if you believe the projected > > earnings > > > > (I > > > > > don't) then the projected PE is more moderate. > > > > > > > > > > I see this as a business that will best thrive when the economy > > falters > > > to > > > > > the point that everyone is taking their jars of pocket change, and > > > having > > > > it > > > > > counted, because they need a little "nest egg". > > > > > > > > > > ----- Original Message ----- > > > > > From: "Patrick Wahl" > > > > > To: > > > > > Sent: Tuesday, August 27, 2002 11:49 AM > > > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > > > > > > Maybe that the handle formed part way up the right side of the cup > was > > a > > > > > warning > > > > > sign? I'm assuming you would have bought a breakout at that level. > > > When > > > > > this was > > > > > originally mentioned here, I looked at it and thought it was such an > > odd > > > > > little niche > > > > > business that it probably had limited growth potential. (doesn't > mean > > > it > > > > > could not > > > > > have moved on up a bit) > > > > > > > > > > > > > > > > > > > > On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > > > > > > > > > > > their famous 20-20 hindsight to show why it was destined to fall. > > > Does > > > > > > anyone else see anything in the price volume action that would > lead > > > them > > > > > to > > > > > > believe that this was going to happen, or is it the M that is > still > > > not > > > > > > strong enough? > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] CSTR Date: 28 Aug 2002 08:23:27 -0400 You know, in reference to your earlier point about how sometimes M "listens" to analysts and sometimes they don't and the trick is to know what time it is, I offer this opinion: It seems like M listens more closely to sell-side analysts in bear markets and vice-versa. Maybe it's what it wants to hear. -----Original Message----- Sent: Wednesday, August 28, 2002 8:10 AM I just heard on Squawk Box (along with everyone else out there) that "Off Wall Street" is known for issuing "short" reports. Not sure exactly what that means; maybe someone else here can explain. Sounds like a report to set up clients that are shorting:-0 ....naw, that can't be; they wouldn't do that:-) Also, some official from CSTR will be on squawk box tomorrow morn; I think that was the show the mentioned. Norm ----- Original Message ----- Sent: Wednesday, August 28, 2002 6:56 AM I must say, an impressive rebuttal to an unpublished critical report. I like the fact they responded in a timely manner as well. Their use of fully depreciated machines in banks on a pilot program on a flat rate revenue basis is interesting, especially given one members comment that their bank no longer counts coins for free. would be interesting to see the off wall st report to see if it makes equal sense. goes back to the issue of the analyst's agenda. ----- Original Message ----- Sent: Wednesday, August 28, 2002 7:43 AM see www.businesswire.com for the 07:30am story -- CSTR comments on recent "Research Report" from Off Wall Street. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 08:20:42 -0500 Ian, So when something starts to tank,and if you think it was going even lower, you can still short it? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ian Sent by: To: canslim@lists.xmission.com owner-canslim@lists.xm cc: ission.com Subject: Re: [CANSLIM] CSTR 08/27/2002 11:11 PM Please respond to canslim Mike: As far as I know, and my personal observations seem to have confirmed it, there is no uptick rule on the NASDAQ. You can short at market if you like. Ian ----- Original Message ----- Sent: Tuesday, August 27, 2002 1:12 PM > > Question about selling short: > > From what I understand, you can only sell short on an uptick, but is it > possible to put in a short sell order, that you hope gets done if the stock > has a single uptick on it's way down? > > Thanks > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "david frank" > .net> cc: > Sent by: Subject: Re: [CANSLIM] CSTR > owner-canslim@lists.xm > ission.com > > > 08/27/2002 03:09 PM > Please respond to > canslim > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > short during the pre-market or regular hours. Nice trade. dave > ----- Original Message ----- > From: "Ian" > To: > Sent: Tuesday, August 27, 2002 2:44 PM > Subject: Re: [CANSLIM] CSTR > > > > Mike: > > > > If it makes you feel better - I was looking for chart weakness so that I > > could intitate another short position - and I hadn't found any weakness > > before today. I would say that technically, the stock has behaved > extremely > > strongly up until today - strong enough to scare me away from shorting > it. > > Just my 2 cents. > > > > Ian > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 8:22 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > this > > > happens that makes me question a trading "method". I'm sure if CSTR > stays > > > down, it will only be a matter of time before I see and IBD write up > using > > > their famous 20-20 hindsight to show why it was destined to fall. Does > > > anyone else see anything in the price volume action that would lead > them > > to > > > believe that this was going to happen, or is it the M that is still not > > > strong enough? > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > "Edward W. Gjertsen > > > II" To: > > canslim@lists.xmission.com > > > cc: > > > Sent by: Subject: RE: > > [CANSLIM] CSTR > > > owner-canslim@lists.xm > > > > > ission.com > > > > > > > > > 08/27/2002 10:09 AM > > > Please respond to > > > canslim > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced > with > > > buying CVH recently (too many chasing too few) we are seeing similar > > > results, which unfortunately are on the downside. You mentioned that > > > you got into the office late. Remember - there are people who do this > > > for a living with millions at stake. A slight smell of weakness and > > > they may sell some of their position to take some risk off the table - > > > selling begets selling and before you know it CSTR is down over 20%. > We > > > have been in this situation several times before - and sold quickly - > > > and yes much to our chagrin - some stocks came roaring back - but in > > > other cases the stock kept declining. Throw out your ego - sell - and > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > into wash sale rules, but you can't take and loss on CSTR if you buy it > > > back within 30 days. Good luck > > > > > > Ed Gjertsen II > > > ed@macktracks.com > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > michael_niemotka@baxter.com > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] CSTR > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > office today and it is down 18%!!! > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > wait > > > it out to see if the day may turn a bit? > > > > > > Thanks > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Alicia Lensing" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 08:21:27 -0500 Ian: On the NASDAQ the uptick rule is in force. Alicia ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:11 PM > Mike: > > As far as I know, and my personal observations seem to have confirmed it, > there is no uptick rule on the NASDAQ. You can short at market if you like. > > Ian > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 1:12 PM > Subject: Re: [CANSLIM] CSTR > > > > > > Question about selling short: > > > > From what I understand, you can only sell short on an uptick, but is it > > possible to put in a short sell order, that you hope gets done if the > stock > > has a single uptick on it's way down? > > > > Thanks > > > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > "david frank" > > canslim@lists.xmission.com > > .net> cc: > > Sent by: Subject: Re: > [CANSLIM] CSTR > > owner-canslim@lists.xm > > ission.com > > > > > > 08/27/2002 03:09 PM > > > Please respond to > > canslim > > > > > > > > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > > short during the pre-market or regular hours. Nice trade. dave > > ----- Original Message ----- > > From: "Ian" > > To: > > Sent: Tuesday, August 27, 2002 2:44 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > Mike: > > > > > > If it makes you feel better - I was looking for chart weakness so that I > > > could intitate another short position - and I hadn't found any weakness > > > before today. I would say that technically, the stock has behaved > > extremely > > > strongly up until today - strong enough to scare me away from shorting > > it. > > > Just my 2 cents. > > > > > > Ian > > > > > > > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Tuesday, August 27, 2002 8:22 AM > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > > this > > > > happens that makes me question a trading "method". I'm sure if CSTR > > stays > > > > down, it will only be a matter of time before I see and IBD write up > > using > > > > their famous 20-20 hindsight to show why it was destined to fall. > Does > > > > anyone else see anything in the price volume action that would lead > > them > > > to > > > > believe that this was going to happen, or is it the M that is still > not > > > > strong enough? > > > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > "Edward W. Gjertsen > > > > II" To: > > > canslim@lists.xmission.com > > > > cc: > > > > Sent by: Subject: RE: > > > [CANSLIM] CSTR > > > > owner-canslim@lists.xm > > > > > > > ission.com > > > > > > > > > > > > 08/27/2002 10:09 AM > > > > Please respond to > > > > canslim > > > > > > > > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced > > with > > > > buying CVH recently (too many chasing too few) we are seeing similar > > > > results, which unfortunately are on the downside. You mentioned that > > > > you got into the office late. Remember - there are people who do this > > > > for a living with millions at stake. A slight smell of weakness and > > > > they may sell some of their position to take some risk off the table - > > > > selling begets selling and before you know it CSTR is down over 20%. > > We > > > > have been in this situation several times before - and sold quickly - > > > > and yes much to our chagrin - some stocks came roaring back - but in > > > > other cases the stock kept declining. Throw out your ego - sell - and > > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > > into wash sale rules, but you can't take and loss on CSTR if you buy > it > > > > back within 30 days. Good luck > > > > > > > > Ed Gjertsen II > > > > ed@macktracks.com > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > > michael_niemotka@baxter.com > > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] CSTR > > > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > > office today and it is down 18%!!! > > > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > > wait > > > > it out to see if the day may turn a bit? > > > > > > > > Thanks > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 13:32:12 GMT John, If that is the case, I can see that analyzing analysts may be best left to psychologists. I am not good at second guessing, although I seem to do it often. Norm Cefaloni, John L Jr. [AMSTA-AR-WEA] writes: > You know, in reference to your earlier point about how sometimes M "listens" > to analysts and sometimes they don't and the trick is to know what time it > is, I offer this opinion: > > It seems like M listens more closely to sell-side analysts in bear markets > and vice-versa. Maybe it's what it wants to hear. > > -----Original Message----- > From: Norman [mailto:theboyd@tisd.net] > Sent: Wednesday, August 28, 2002 8:10 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] CSTR > > > I just heard on Squawk Box (along with everyone else out there) that "Off > Wall Street" is known for issuing "short" reports. Not sure exactly what > that means; maybe someone else here can explain. Sounds like a report to > set up clients that are shorting:-0 ....naw, that can't be; they wouldn't do > that:-) > > Also, some official from CSTR will be on squawk box tomorrow morn; I think > that was the show the mentioned. > > Norm > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Wednesday, August 28, 2002 6:56 AM > Subject: Re: [CANSLIM] CSTR > > > I must say, an impressive rebuttal to an unpublished critical report. I like > the fact they responded in a timely manner as well. > > Their use of fully depreciated machines in banks on a pilot program on a > flat rate revenue basis is interesting, especially given one members comment > that their bank no longer counts coins for free. > > would be interesting to see the off wall st report to see if it makes equal > sense. goes back to the issue of the analyst's agenda. > > ----- Original Message ----- > From: Winston Little > To: canslim@lists.xmission.com > Sent: Wednesday, August 28, 2002 7:43 AM > Subject: [CANSLIM] CSTR > > > see www.businesswire.com for the 07:30am story -- CSTR comments on recent > "Research Report" from Off Wall Street. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DOCC Date: 28 Aug 2002 09:41:37 -0400 I normally don't mention my personal trades, but since this was discussed here, wanted to mention I was just stopped out on a hard stop at 14.10. Guess I shouldn't complain with the return, but I really wanted to avoid short term capital gains taxes. I also put a hard stop in on EPIQ, I am reluctantly having to use hard stops as I am too busy to keep an eye on the markets. Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 07:58:28 -0600 I am pretty sure there is an uptick rule on the Nasdaq, I think for many years it differed from the NYSE in not requiring an uptick, but they do now. Also, I think you can enter an order to short at the market, and you will be filled whenever there is an uptick. On 28 Aug 2002 at 8:20, michael_niemotka@baxter.com wrote: > So when something starts to tank,and if you think it was going even lower, > you can still short it? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 07:58:26 -0600 KKD may have saturated parts of the east coast, but out here in the sticks, there are hadly any stores. I think they still have some large regions of the country to move into. On 28 Aug 2002 at 7:45, Tom Worley wrote: > have drawn you to the same conclusion, and kept you out of the stock. As > Katherine pointed out, SBUX has had to deal with this issue, so far > successfully. Others have pointed out KKD as a saturation candidate, hasn't > stopped it going up either over the past year. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 06:58:11 -0700 (PDT) --0-1750698233-1030543091=:76291 Content-Type: text/plain; charset=us-ascii I see all the talk about CSTR I remember reading an article a few years ago that the guy came up with this idea while on the golf course and he found someone to build the machines for him. At the time I thought it was a pretty dumb idea but it seems there was a mkt for it. Katherine Malm wrote: Hi Tom, When I mentioned SBUX, I was alluding to the notion that everybody seems to *think* SBUX has saturated their markets, yet when they open new stores they just attract *more* customers.... so with CSTR, the same thing came to mind. The other similarity is in their international expansion plans. Just as there's a whole world of yet-to-be-SBUX-addicts, there's a whole world of coin counting and related services out there.... Katherine ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 9:32 PMSubject: Re: [CANSLIM] CSTR market saturation, in this case (and Starbucks) would be where locations are getting so numerous that the new facilities begin to cannibalize the existing ones. If the existing ones are overwhelmed with demand beyond capacity, that may be ok, but if not it's really bad. ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 3:35 PMSubject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect. Aloha, Mike GibbonsProactive Technologies, LLChttp://www.proactech.com-----Original Message----- Sent: Tuesday, August 27, 2002 8:52 AM cnbc said it was caused by market saturation. ----- Original Message -----From: David TaggartSent: Tuesday, August 27, 2002 9:08 AMTo: canslim@lists.xmission.comSubject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes --0-1750698233-1030543091=:76291 Content-Type: text/html; charset=us-ascii

I see all the talk about CSTR I remember reading an article a few years ago that the guy came up with this idea while on the golf course and he found someone to build the machines for him. At the time I thought it was a pretty dumb idea but it seems there was a mkt for it.

 Katherine Malm wrote:

Hi Tom,
 
When I mentioned SBUX, I was alluding to the notion that everybody seems to *think* SBUX has saturated their markets, yet when they open new stores they just attract *more* customers.... so with CSTR, the same thing came to mind. The other similarity is in their international expansion plans. Just as there's a whole world of yet-to-be-SBUX-addicts, there's a whole world of coin counting and related services out there....
 
Katherine
 
----- Original Message -----
From: Tom Worley
Sent: Tuesday, August 27, 2002 9:32 PM
Subject: Re: [CANSLIM] CSTR

market saturation, in this case (and Starbucks) would be where locations are getting so numerous that the new facilities begin to cannibalize the existing ones. If the existing ones are overwhelmed with demand beyond capacity, that may be ok, but if not it's really bad.
 
----- Original Message -----
Sent: Tuesday, August 27, 2002 3:35 PM
Subject: RE: [CANSLIM] CSTR

Does anyone know what "market saturation" is?
 
I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO
Sent: Tuesday, August 27, 2002 8:52 AM
To: canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From: David Taggart
Sent: Tuesday, August 27, 2002 9:08 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] CSTR
 
I have a bunch of coin rolls located on my dresser and just fill them up as
I go (except for the pennies which go in a bucket in my closet) Once a roll
is filled I then use it to buy gas.  The gas station people never seem to
mind getting a $10 quarter roll or a $2 nickel roll.  It works for me
because like you I will never haul my change to the store only to be charged
for it.

Happy Trading,
David Taggart

-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CSTR


Hi Mike,

Technically, this chart is about as good as it gets in a market like this--A
handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the
pivot since then. I'd be hard pressed to fault the technicals unless you
want to argue the somewhat light volume on the right side of the cup, which
I won't, because it's insignificant in my mind.

There are a couple of things that kept me away from CSTR---high debt load
(though they've been restructuring debt recently, so they stay in my sights
in the meantime) and low ROE of 5% (primarily because they only turned EPS
positive in the last 4 quarters). Given the market is on shaky ground, I'd
rather sit back and watch the behavior of the stock than to dive
in....preferring to stalk the trade on other stocks which are fundamentally
stronger, but not yet finished with their bases. I also like to sit back and
watch most of the early stocks out of the gate after a follow-through and
see how they're acting, CSTR included.

I've often scratched my head at the business model.....seemed crazy that you
would *pay* to count your change and be happy to receive some crisp dollar
bills and a few store coupons for the "privilege." But I understand they're
appealing to a part of the population that is primarily cash-based and not
to those of us who've forgotten what it looks like and instead use our ATM
card for everything. Recently, however, I've had a greater appreciation for
their "service" as my bank has stopped waiving their coin counting fees
after doing so for, well, forever.... We've always kept a "change can" and
dumped our change each day. When it's full, it's about $200....I'd make my
ritual trek to the bank to have them count it out, then that evening we
would go out for a pricey dinner, something we rarely do. Now that they're
charging, however, the CSTR kiosks become an alternative. Personally, I'm
too cheap to pay *anybody* to count my money for me, so I won't be using the
bank *or* CSTR...but I'll bet you there are many folks who would consider
it. The blurb I saw on the OffWallStreet report mentioned something about
"saturation." Though I haven't seen the report and know nothing more than
this, I have only one thought when I hear something like that in the same
breath as CSTR----Starbucks.

Katherine


----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 10:22 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate all the advice that I have gotten.  It is when stuff like
this
| happens that makes me question a trading "method".  I'm sure if CSTR stays
| down, it will only be a matter of time before I see and IBD write up using
| their famous 20-20 hindsight to show why it was destined to fall.  Does
| anyone else see anything in the price volume action that would lead them
to
| believe that this was going to happen, or is it the M that is still not
| strong enough?
|
| Okay, now I feel a bit better after venting.  Thank you all!
|
|
| Mike Niemotka , PE
| Sr. Principal Engineer
| Baxter Healthcare Corporation
| Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) 270-4525
| michael_niemotka@baxter.com
|
|
|
|                     "Edward W. Gjertsen
|                     II"                           To:
canslim@lists.xmission.com
|                     <ed@macktracks.com>           cc:
|                     Sent by:                      Subject:     RE:
[CANSLIM] CSTR
|                     owner-canslim@lists.xm
|                     ission.com
|
|
|                     08/27/2002 10:09 AM
|                     Please respond to
|                     canslim
|
|
|
|
|
|
| Dear Mike
|
| CSTR was a favorite of many Canslimers - with the problems we faced with
| buying CVH recently (too many chasing too few) we are seeing similar
| results, which unfortunately are on the downside.  You mentioned that
| you got into the office late.  Remember - there are people who do this
| for a living with millions at stake.  A slight smell of weakness and
| they may sell some of their position to take some risk off the table -
| selling begets selling and before you know it CSTR is down over 20%.  We
| have been in this situation several times before - and sold quickly -
| and yes much to our chagrin - some stocks came roaring back - but in
| other cases the stock kept declining.  Throw out your ego - sell - and
| if CSTR sets up again look at buying it.  I don't want to get too deep
| into wash sale rules, but you can't take and loss on CSTR if you buy it
| back within 30 days.  Good luck
|
| Ed Gjertsen II
| ed@macktracks.com
|
| -----Original Message-----
| From: owner-canslim@lists.xmission.com
| [mailto:owner-canslim@lists.xmission.com] On Behalf Of
| michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 9:25 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM] CSTR
|
| Does anyone know what is going on with this stock?  Got in late to the
| office today and it is down 18%!!!
|
| I know we are supposed to sell at 7-8%, but now do I sell anyway, or
| wait
| it out to see if the day may turn a bit?
|
| Thanks
|
| Mike Niemotka , PE
| Sr. Principal Engineer
| Baxter Healthcare Corporation
| Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) 270-4525
| michael_niemotka@baxter.com


Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes --0-1750698233-1030543091=:76291-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 06:59:09 -0700 (PDT) --0-1138341626-1030543149=:3529 Content-Type: text/plain; charset=us-ascii SBUX is aggresively expanding overseas Tom Worley wrote:market saturation, in this case (and Starbucks) would be where locations are getting so numerous that the new facilities begin to cannibalize the existing ones. If the existing ones are overwhelmed with demand beyond capacity, that may be ok, but if not it's really bad. ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 3:35 PMSubject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect. Aloha, Mike GibbonsProactive Technologies, LLChttp://www.proactech.com-----Original Message----- Sent: Tuesday, August 27, 2002 8:52 AM cnbc said it was caused by market saturation. ----- Original Message -----From: David TaggartSent: Tuesday, August 27, 2002 9:08 AMTo: canslim@lists.xmission.comSubject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes --0-1138341626-1030543149=:3529 Content-Type: text/html; charset=us-ascii

SBUX is aggresively expanding overseas

 Tom Worley wrote:

market saturation, in this case (and Starbucks) would be where locations are getting so numerous that the new facilities begin to cannibalize the existing ones. If the existing ones are overwhelmed with demand beyond capacity, that may be ok, but if not it's really bad.
 
----- Original Message -----
Sent: Tuesday, August 27, 2002 3:35 PM
Subject: RE: [CANSLIM] CSTR

Does anyone know what "market saturation" is?
 
I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO
Sent: Tuesday, August 27, 2002 8:52 AM
To: canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From: David Taggart
Sent: Tuesday, August 27, 2002 9:08 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] CSTR
 
I have a bunch of coin rolls located on my dresser and just fill them up as
I go (except for the pennies which go in a bucket in my closet) Once a roll
is filled I then use it to buy gas.  The gas station people never seem to
mind getting a $10 quarter roll or a $2 nickel roll.  It works for me
because like you I will never haul my change to the store only to be charged
for it.

Happy Trading,
David Taggart

-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CSTR


Hi Mike,

Technically, this chart is about as good as it gets in a market like this--A
handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the
pivot since then. I'd be hard pressed to fault the technicals unless you
want to argue the somewhat light volume on the right side of the cup, which
I won't, because it's insignificant in my mind.

There are a couple of things that kept me away from CSTR---high debt load
(though they've been restructuring debt recently, so they stay in my sights
in the meantime) and low ROE of 5% (primarily because they only turned EPS
positive in the last 4 quarters). Given the market is on shaky ground, I'd
rather sit back and watch the behavior of the stock than to dive
in....preferring to stalk the trade on other stocks which are fundamentally
stronger, but not yet finished with their bases. I also like to sit back and
watch most of the early stocks out of the gate after a follow-through and
see how they're acting, CSTR included.

I've often scratched my head at the business model.....seemed crazy that you
would *pay* to count your change and be happy to receive some crisp dollar
bills and a few store coupons for the "privilege." But I understand they're
appealing to a part of the population that is primarily cash-based and not
to those of us who've forgotten what it looks like and instead use our ATM
card for everything. Recently, however, I've had a greater appreciation for
their "service" as my bank has stopped waiving their coin counting fees
after doing so for, well, forever.... We've always kept a "change can" and
dumped our change each day. When it's full, it's about $200....I'd make my
ritual trek to the bank to have them count it out, then that evening we
would go out for a pricey dinner, something we rarely do. Now that they're
charging, however, the CSTR kiosks become an alternative. Personally, I'm
too cheap to pay *anybody* to count my money for me, so I won't be using the
bank *or* CSTR...but I'll bet you there are many folks who would consider
it. The blurb I saw on the OffWallStreet report mentioned something about
"saturation." Though I haven't seen the report and know nothing more than
this, I have only one thought when I hear something like that in the same
breath as CSTR----Starbucks.

Katherine


----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 10:22 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate all the advice that I have gotten.  It is when stuff like
this
| happens that makes me question a trading "method".  I'm sure if CSTR stays
| down, it will only be a matter of time before I see and IBD write up using
| their famous 20-20 hindsight to show why it was destined to fall.  Does
| anyone else see anything in the price volume action that would lead them
to
| believe that this was going to happen, or is it the M that is still not
| strong enough?
|
| Okay, now I feel a bit better after venting.  Thank you all!
|
|
| Mike Niemotka , PE
| Sr. Principal Engineer
| Baxter Healthcare Corporation
| Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) 270-4525
| michael_niemotka@baxter.com
|
|
|
|                     "Edward W. Gjertsen
|                     II"                           To:
canslim@lists.xmission.com
|                     <ed@macktracks.com>           cc:
|                     Sent by:                      Subject:     RE:
[CANSLIM] CSTR
|                     owner-canslim@lists.xm
|                     ission.com
|
|
|                     08/27/2002 10:09 AM
|                     Please respond to
|                     canslim
|
|
|
|
|
|
| Dear Mike
|
| CSTR was a favorite of many Canslimers - with the problems we faced with
| buying CVH recently (too many chasing too few) we are seeing similar
| results, which unfortunately are on the downside.  You mentioned that
| you got into the office late.  Remember - there are people who do this
| for a living with millions at stake.  A slight smell of weakness and
| they may sell some of their position to take some risk off the table -
| selling begets selling and before you know it CSTR is down over 20%.  We
| have been in this situation several times before - and sold quickly -
| and yes much to our chagrin - some stocks came roaring back - but in
| other cases the stock kept declining.  Throw out your ego - sell - and
| if CSTR sets up again look at buying it.  I don't want to get too deep
| into wash sale rules, but you can't take and loss on CSTR if you buy it
| back within 30 days.  Good luck
|
| Ed Gjertsen II
| ed@macktracks.com
|
| -----Original Message-----
| From: owner-canslim@lists.xmission.com
| [mailto:owner-canslim@lists.xmission.com] On Behalf Of
| michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 9:25 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM] CSTR
|
| Does anyone know what is going on with this stock?  Got in late to the
| office today and it is down 18%!!!
|
| I know we are supposed to sell at 7-8%, but now do I sell anyway, or
| wait
| it out to see if the day may turn a bit?
|
| Thanks
|
| Mike Niemotka , PE
| Sr. Principal Engineer
| Baxter Healthcare Corporation
| Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) 270-4525
| michael_niemotka@baxter.com
|
|
|
| -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the email body, write "subscribe canslim" or
| -"unsubscribe canslim".  Do not use quotes in your email.
|
|
| -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the email body, write "subscribe canslim" or
| -"unsubscribe canslim".  Do not use quotes in your email.
|
|
|
|
|
|
|
| -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the email body, write "subscribe canslim" or
| -"unsubscribe canslim".  Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your email.


Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes --0-1138341626-1030543149=:3529-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: [CANSLIM] Shorting Date: 28 Aug 2002 08:59:43 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0023_01C24E71.41409E20 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit The rule for shorting: NYSE, NASDAQ, AMEX - you can only short on an uptick or zero tick. The only issues you can short without this rule are the popular ETF's - QQQ, SPY, DIA, et al. This rule was implemented in 1938 to prevent "bear raids" from occurring. Ed Gjertsen II ed@macktracks.com ------=_NextPart_000_0023_01C24E71.41409E20 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

The rule for shorting: NYSE, = NASDAQ, AMEX – you can only short on an uptick or zero tick.  The only issues you = can short without this rule are the popular ETF’s – QQQ, SPY, = DIA, et al.   This rule was implemented in 1938 to prevent “bear = raids” from occurring. 

 

Ed Gjertsen II

ed@macktracks.com

=
------=_NextPart_000_0023_01C24E71.41409E20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] CSTR Date: 28 Aug 2002 10:08:27 -0400 KKD has not saturated north NJ where I live and it's one of the most densely populated areas in the country. We have our share of HD, SBUX, Dunkin Donuts and more recently, WMT, but KKD are hard to come by. I believe they are much more prevalent in the south. -----Original Message----- Sent: Wednesday, August 28, 2002 9:58 AM KKD may have saturated parts of the east coast, but out here in the sticks, there are hadly any stores. I think they still have some large regions of the country to move into. On 28 Aug 2002 at 7:45, Tom Worley wrote: > have drawn you to the same conclusion, and kept you out of the stock. As > Katherine pointed out, SBUX has had to deal with this issue, so far > successfully. Others have pointed out KKD as a saturation candidate, hasn't > stopped it going up either over the past year. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 10:10:20 -0400 Patrick: Large regions as in "waistlines"? ----- Original Message ----- Sent: Wednesday, August 28, 2002 9:58 AM > KKD may have saturated parts of the east coast, but out here in the sticks, there are > hadly any stores. I think they still have some large regions of the country to move > into. > > On 28 Aug 2002 at 7:45, Tom Worley wrote: > > > have drawn you to the same conclusion, and kept you out of the stock. As > > Katherine pointed out, SBUX has had to deal with this issue, so far > > successfully. Others have pointed out KKD as a saturation candidate, hasn't > > stopped it going up either over the past year. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] CSTR Date: 28 Aug 2002 08:09:09 -0600 Here in Utah there are only 2 KKD so far and the one close to my house still has lines to get in on a regular basis. KKD came out west about a year ago and has a ways to go before it is saturated. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl Sent: Wednesday, August 28, 2002 7:58 AM KKD may have saturated parts of the east coast, but out here in the sticks, there are hadly any stores. I think they still have some large regions of the country to move into. On 28 Aug 2002 at 7:45, Tom Worley wrote: > have drawn you to the same conclusion, and kept you out of the stock. As > Katherine pointed out, SBUX has had to deal with this issue, so far > successfully. Others have pointed out KKD as a saturation candidate, hasn't > stopped it going up either over the past year. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Alicia Lensing" Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 09:12:24 -0500 Ian: There is much information at the following link about short selling stocks. It may be appropriate for late night reading when you're having trouble falling to sleep ;-) Alicia http://www.nasdaqtrader.com/trader/tradingservices/marketwatch/tradermanual/ chapter09.pdf ----- Original Message ----- Sent: Tuesday, August 27, 2002 11:11 PM > Mike: > > As far as I know, and my personal observations seem to have confirmed it, > there is no uptick rule on the NASDAQ. You can short at market if you like. > > Ian > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 1:12 PM > Subject: Re: [CANSLIM] CSTR > > > > > > Question about selling short: > > > > From what I understand, you can only sell short on an uptick, but is it > > possible to put in a short sell order, that you hope gets done if the > stock > > has a single uptick on it's way down? > > > > Thanks > > > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > "david frank" > > canslim@lists.xmission.com > > .net> cc: > > Sent by: Subject: Re: > [CANSLIM] CSTR > > owner-canslim@lists.xm > > ission.com > > > > > > 08/27/2002 03:09 PM > > > Please respond to > > canslim > > > > > > > > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > > short during the pre-market or regular hours. Nice trade. dave > > ----- Original Message ----- > > From: "Ian" > > To: > > Sent: Tuesday, August 27, 2002 2:44 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > Mike: > > > > > > If it makes you feel better - I was looking for chart weakness so that I > > > could intitate another short position - and I hadn't found any weakness > > > before today. I would say that technically, the stock has behaved > > extremely > > > strongly up until today - strong enough to scare me away from shorting > > it. > > > Just my 2 cents. > > > > > > Ian > > > > > > > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Tuesday, August 27, 2002 8:22 AM > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff like > > > this > > > > happens that makes me question a trading "method". I'm sure if CSTR > > stays > > > > down, it will only be a matter of time before I see and IBD write up > > using > > > > their famous 20-20 hindsight to show why it was destined to fall. > Does > > > > anyone else see anything in the price volume action that would lead > > them > > > to > > > > believe that this was going to happen, or is it the M that is still > not > > > > strong enough? > > > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > "Edward W. Gjertsen > > > > II" To: > > > canslim@lists.xmission.com > > > > cc: > > > > Sent by: Subject: RE: > > > [CANSLIM] CSTR > > > > owner-canslim@lists.xm > > > > > > > ission.com > > > > > > > > > > > > 08/27/2002 10:09 AM > > > > Please respond to > > > > canslim > > > > > > > > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced > > with > > > > buying CVH recently (too many chasing too few) we are seeing similar > > > > results, which unfortunately are on the downside. You mentioned that > > > > you got into the office late. Remember - there are people who do this > > > > for a living with millions at stake. A slight smell of weakness and > > > > they may sell some of their position to take some risk off the table - > > > > selling begets selling and before you know it CSTR is down over 20%. > > We > > > > have been in this situation several times before - and sold quickly - > > > > and yes much to our chagrin - some stocks came roaring back - but in > > > > other cases the stock kept declining. Throw out your ego - sell - and > > > > if CSTR sets up again look at buying it. I don't want to get too deep > > > > into wash sale rules, but you can't take and loss on CSTR if you buy > it > > > > back within 30 days. Good luck > > > > > > > > Ed Gjertsen II > > > > ed@macktracks.com > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > > michael_niemotka@baxter.com > > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] CSTR > > > > > > > > Does anyone know what is going on with this stock? Got in late to the > > > > office today and it is down 18%!!! > > > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > > wait > > > > it out to see if the day may turn a bit? > > > > > > > > Thanks > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] Shorting ETF's - an offline question Date: 28 Aug 2002 09:20:13 -0500 Is anyone actively shorting (or even actively trading) ETF's? If so, I = would greatly appreciate your off-line thoughts on the subject. Risks = vs. Rewards. The fine print. Minimum purchase size. The basics. THANKS! - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mendheart@aol.com Subject: [CANSLIM] KKD...Come West Young Donut! Date: 28 Aug 2002 11:56:16 EDT - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] Flat bases - a question regarding searching Date: 28 Aug 2002 16:33:36 -0500 I have a technical (computer) question regarding searching for flat = bases. I have uploaded two examples of charts the formed extreme bases = before moving up. How would you create a search for this type of stock (feel free to = suggest a specific search engine if it is free)? I tried creating a = search with MSN's Moneycentral Power Search that went something like = this: Today's low within 5% of Last Week close Today's low within 5% of Last Month close Today's low within 5% of Last Qtr's close What I got was something that looked like either McDonald's arches or = "UW". I would greatly appreciate anyone's thoughts on this matter, even = if that includes comments such as "Kelly- stop wasting your time" - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] TradingMarkets.com Date: 28 Aug 2002 16:43:04 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0413_01C24EB1.FACA8730 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I 'lost' the post that had the site for members of this user group to = sign up for a 3-month trial to Tradingmarkets.com Please forward it genr@swbell.net Gene ------=_NextPart_000_0413_01C24EB1.FACA8730 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I 'lost' the post that had = the site for=20 members of this user group to sign up for a 3-month trial to=20 Tradingmarkets.com
 
Please forward it genr@swbell.net
 
Gene 
------=_NextPart_000_0413_01C24EB1.FACA8730-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] TradingMarkets Date: 28 Aug 2002 16:37:11 -0500 3 month subscription link: -----Original Message----- Sent: Sunday, August 25, 2002 2:54 PM Hi Warren, See: http://www.tradingmarkets.com/index.cfm/packages/ To see the pricing for each package, click on "continue signup" at the bottom of the page. Katherine ----- Original Message ----- Sent: Sunday, August 25, 2002 2:51 PM | Ed, I just visited the site and I can't locate a link to subscription info. | Can you help? Thanks. | | Warren | | "Edward W. Gjertsen II" wrote: | | > To all on the list - if you are serious about investing/trading - | > tradingmarkets is one of the best sites around. We have been | > subscribers for quite some time and continue to find new ways to = learn | > from them. The education tutorials are amazing. Greg Kuhn used to = be a | > contributor and he has/had a complete lesson plan on C&H formations. | > Very informative. There are other lesson plans from top investment | > professionals that anyone on this line can benefit from. I believe | > Katherine is very familiar with Mark Boucher whose own lesson plan = on | > Tradingmarkets.com is phenomenal. Probably one of the most succinct | > tutorials available. No - I am not affiliated with TM but I am one = of | > their most ardent supporters. | > | > Ed Gjertsen II | > ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] TradingMarkets Date: 28 Aug 2002 16:51:10 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C24EB3.1C4A2950 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Kelly, it doesn't take me to the '3-month special' page. Gene ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 28, 2002 4:37 PM Subject: RE: [CANSLIM] TradingMarkets 3 month subscription link: -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Sunday, August 25, 2002 2:54 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] TradingMarkets Hi Warren, See: http://www.tradingmarkets.com/index.cfm/packages/ To see the pricing for each package, click on "continue signup" at the bottom of the page. Katherine ----- Original Message ----- From: "Warren Keuffel" To: Sent: Sunday, August 25, 2002 2:51 PM Subject: Re: [CANSLIM] TradingMarkets | Ed, I just visited the site and I can't locate a link to = subscription info. | Can you help? Thanks. | | Warren | | "Edward W. Gjertsen II" wrote: | | > To all on the list - if you are serious about investing/trading - | > tradingmarkets is one of the best sites around. We have been | > subscribers for quite some time and continue to find new ways to = learn | > from them. The education tutorials are amazing. Greg Kuhn used to = be a | > contributor and he has/had a complete lesson plan on C&H = formations. | > Very informative. There are other lesson plans from top = investment | > professionals that anyone on this line can benefit from. I = believe | > Katherine is very familiar with Mark Boucher whose own lesson plan = on | > Tradingmarkets.com is phenomenal. Probably one of the most = succinct | > tutorials available. No - I am not affiliated with TM but I am = one of | > their most ardent supporters. | > | > Ed Gjertsen II | > ed@macktracks.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. = _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0008_01C24EB3.1C4A2950 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Kelly, it doesn't take me to = the '3-month=20 special' page.
Gene
----- Original Message -----
From:=20 Kelly Short
Sent: Wednesday, August 28, = 2002 4:37=20 PM
Subject: RE: [CANSLIM]=20 TradingMarkets

3 month subscription link:

-----Original=20 Message-----
From: Katherine Malm = [mailto:kmalm@earthlink.net]
Sent:=20 Sunday, August 25, 2002 2:54 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] TradingMarkets


Hi Warren,

See: http://www.tra= dingmarkets.com/index.cfm/packages/

To=20 see the pricing for each package, click on "continue signup" at = the
bottom=20 of the page.

Katherine


----- Original Message = -----
From:=20 "Warren Keuffel" <wkeuffel@xmission.com>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Sunday, August 25, 2002 2:51 PM
Subject: Re: [CANSLIM]=20 TradingMarkets


| Ed, I just visited the site and I can't = locate a=20 link to subscription
info.
| Can you help? Thanks.
|
|=20 Warren
|
| "Edward W. Gjertsen II" wrote:
|
| > To all = on the=20 list - if you are serious about investing/trading -
| > = tradingmarkets=20 is one of the best sites around.  We have been
| > = subscribers for=20 quite some time and continue to find new ways to learn
| > from=20 them.  The education tutorials are amazing. Greg Kuhn used to be = a
|=20 > contributor and he has/had a complete lesson plan on C&H=20 formations.
| > Very informative.  There are other lesson = plans=20 from top investment
| > professionals that anyone on this line = can=20 benefit from.  I believe
| > Katherine is very familiar = with Mark=20 Boucher whose own lesson plan on
| > Tradingmarkets.com is=20 phenomenal.  Probably one of the most succinct
| > = tutorials=20 available.  No - I am not affiliated with TM but I am one of
| = >=20 their most ardent supporters.
| >
| > Ed Gjertsen II
| = > ed@macktracks.com


-
-= To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your=20 = email.

___________________________________________________________= _________________
For=20 your protection, this e-mail message has been scanned for = viruses.
Visit us=20 at http://www.neoris.com/

-
-T= o=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_0008_01C24EB3.1C4A2950-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] TradingMarkets Date: 28 Aug 2002 16:46:07 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24EDC.5099D12F Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, =20 Are you familiar with the term SOL? =20 Kelly -----Original Message----- Sent: Wednesday, August 28, 2002 4:51 PM Thanks Kelly, it doesn't take me to the '3-month special' page. Gene ----- Original Message -----=20 Sent: Wednesday, August 28, 2002 4:37 PM 3 month subscription link: -----Original Message----- Sent: Sunday, August 25, 2002 2:54 PM Hi Warren, See: http://www.tradingmarkets.com/index.cfm/packages/ To see the pricing for each package, click on "continue signup" at the bottom of the page. Katherine ----- Original Message ----- Sent: Sunday, August 25, 2002 2:51 PM | Ed, I just visited the site and I can't locate a link to subscription info. | Can you help? Thanks. | | Warren | | "Edward W. Gjertsen II" wrote: | | > To all on the list - if you are serious about investing/trading - | > tradingmarkets is one of the best sites around. We have been | > subscribers for quite some time and continue to find new ways to = learn | > from them. The education tutorials are amazing. Greg Kuhn used to = be a | > contributor and he has/had a complete lesson plan on C&H formations. | > Very informative. There are other lesson plans from top investment | > professionals that anyone on this line can benefit from. I believe | > Katherine is very familiar with Mark Boucher whose own lesson plan = on | > Tradingmarkets.com is phenomenal. Probably one of the most succinct | > tutorials available. No - I am not affiliated with TM but I am one = of | > their most ardent supporters. | > | > Ed Gjertsen II | > ed@macktracks.com - -To subscribe/unsubscribe, email " majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email " majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24EDC.5099D12F Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene,
 
Are=20 you familiar with the term SOL?
 
Kelly
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Wednesday, August 28, 2002 = 4:51=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 TradingMarkets

Thanks Kelly, it doesn't take me to = the=20 '3-month special' page.
Gene
----- Original Message -----
From:=20 Kelly Short
Sent: Wednesday, August 28, = 2002 4:37=20 PM
Subject: RE: [CANSLIM]=20 TradingMarkets

3 month subscription link:

-----Original=20 Message-----
From: Katherine Malm = [mailto:kmalm@earthlink.net]
Sent:=20 Sunday, August 25, 2002 2:54 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] TradingMarkets


Hi Warren,

See: http://www.tra= dingmarkets.com/index.cfm/packages/

To=20 see the pricing for each package, click on "continue signup" at=20 the
bottom of the page.

Katherine


----- = Original=20 Message -----
From: "Warren Keuffel" <wkeuffel@xmission.com>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Sunday, August 25, 2002 2:51 PM
Subject: Re: [CANSLIM]=20 TradingMarkets


| Ed, I just visited the site and I can't = locate a=20 link to subscription
info.
| Can you help? Thanks.
|
|=20 Warren
|
| "Edward W. Gjertsen II" wrote:
|
| > To = all on the=20 list - if you are serious about investing/trading -
| > = tradingmarkets=20 is one of the best sites around.  We have been
| > = subscribers=20 for quite some time and continue to find new ways to learn
| > = from=20 them.  The education tutorials are amazing. Greg Kuhn used to = be a
|=20 > contributor and he has/had a complete lesson plan on C&H=20 formations.
| > Very informative.  There are other lesson = plans=20 from top investment
| > professionals that anyone on this line = can=20 benefit from.  I believe
| > Katherine is very familiar = with Mark=20 Boucher whose own lesson plan on
| > Tradingmarkets.com is=20 phenomenal.  Probably one of the most succinct
| > = tutorials=20 available.  No - I am not affiliated with TM but I am one = of
| >=20 their most ardent supporters.
| >
| > Ed Gjertsen = II
| >=20 ed@macktracks.com


-
-= To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your=20 = email.

___________________________________________________________= _________________
For=20 your protection, this e-mail message has been scanned for = viruses.
Visit=20 us at http://www.neoris.com/

-
-T= o=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24EDC.5099D12F-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] TradingMarkets Date: 28 Aug 2002 16:47:09 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24EDC.75AD80F5 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Try this one: =20 http://www.tradingmarkets.com/signup/trial_signup_form.cfm?src=3DCML -----Original Message----- Sent: Wednesday, August 28, 2002 4:51 PM Thanks Kelly, it doesn't take me to the '3-month special' page. Gene ----- Original Message -----=20 Sent: Wednesday, August 28, 2002 4:37 PM 3 month subscription link: -----Original Message----- Sent: Sunday, August 25, 2002 2:54 PM Hi Warren, See: http://www.tradingmarkets.com/index.cfm/packages/ To see the pricing for each package, click on "continue signup" at the bottom of the page. Katherine ----- Original Message ----- Sent: Sunday, August 25, 2002 2:51 PM | Ed, I just visited the site and I can't locate a link to subscription info. | Can you help? Thanks. | | Warren | | "Edward W. Gjertsen II" wrote: | | > To all on the list - if you are serious about investing/trading - | > tradingmarkets is one of the best sites around. We have been | > subscribers for quite some time and continue to find new ways to = learn | > from them. The education tutorials are amazing. Greg Kuhn used to = be a | > contributor and he has/had a complete lesson plan on C&H formations. | > Very informative. There are other lesson plans from top investment | > professionals that anyone on this line can benefit from. I believe | > Katherine is very familiar with Mark Boucher whose own lesson plan = on | > Tradingmarkets.com is phenomenal. Probably one of the most succinct | > tutorials available. No - I am not affiliated with TM but I am one = of | > their most ardent supporters. | > | > Ed Gjertsen II | > ed@macktracks.com - -To subscribe/unsubscribe, email " majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email " majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24EDC.75AD80F5 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Try=20 this one:
 
http://www.tradingmarkets.com/signup/trial_signup_form.cfm?src=3DCML=
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Wednesday, August 28, 2002 = 4:51=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 TradingMarkets

Thanks Kelly, it doesn't take me to = the=20 '3-month special' page.
Gene
----- Original Message -----
From:=20 Kelly Short
Sent: Wednesday, August 28, = 2002 4:37=20 PM
Subject: RE: [CANSLIM]=20 TradingMarkets

3 month subscription link:

-----Original=20 Message-----
From: Katherine Malm = [mailto:kmalm@earthlink.net]
Sent:=20 Sunday, August 25, 2002 2:54 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] TradingMarkets


Hi Warren,

See: http://www.tra= dingmarkets.com/index.cfm/packages/

To=20 see the pricing for each package, click on "continue signup" at=20 the
bottom of the page.

Katherine


----- = Original=20 Message -----
From: "Warren Keuffel" <wkeuffel@xmission.com>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Sunday, August 25, 2002 2:51 PM
Subject: Re: [CANSLIM]=20 TradingMarkets


| Ed, I just visited the site and I can't = locate a=20 link to subscription
info.
| Can you help? Thanks.
|
|=20 Warren
|
| "Edward W. Gjertsen II" wrote:
|
| > To = all on the=20 list - if you are serious about investing/trading -
| > = tradingmarkets=20 is one of the best sites around.  We have been
| > = subscribers=20 for quite some time and continue to find new ways to learn
| > = from=20 them.  The education tutorials are amazing. Greg Kuhn used to = be a
|=20 > contributor and he has/had a complete lesson plan on C&H=20 formations.
| > Very informative.  There are other lesson = plans=20 from top investment
| > professionals that anyone on this line = can=20 benefit from.  I believe
| > Katherine is very familiar = with Mark=20 Boucher whose own lesson plan on
| > Tradingmarkets.com is=20 phenomenal.  Probably one of the most succinct
| > = tutorials=20 available.  No - I am not affiliated with TM but I am one = of
| >=20 their most ardent supporters.
| >
| > Ed Gjertsen = II
| >=20 ed@macktracks.com


-
-= To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your=20 = email.

___________________________________________________________= _________________
For=20 your protection, this e-mail message has been scanned for = viruses.
Visit=20 us at http://www.neoris.com/

-
-T= o=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24EDC.75AD80F5-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Flat bases - a question regarding searching Date: 28 Aug 2002 12:24:57 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0011_01C24E8D.EBC35EC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0012_01C24E8D.EBC35EC0" ------=_NextPart_001_0012_01C24E8D.EBC35EC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi kelly, The following link will find shallow CwH formations if you use the correct selection parameters. http://www.cwhcharts.com/cs.php. This will only be a subset of charts that have very shallow bases however. I used the following parameters, but got only 1 chart - ACG. You could play around with the parameters and possibly find more. I think that the volatility in the markets recently means that there are extremely few stocks with flat shallow bases: Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Wednesday, August 28, 2002 11:34 AM I have a technical (computer) question regarding searching for flat bases. I have uploaded two examples of charts the formed extreme bases before moving up. How would you create a search for this type of stock (feel free to suggest a specific search engine if it is free)? I tried creating a search with MSN's Moneycentral Power Search that went something like this: Today's low within 5% of Last Week close Today's low within 5% of Last Month close Today's low within 5% of Last Qtr's close What I got was something that looked like either McDonald's arches or "UW". I would greatly appreciate anyone's thoughts on this matter, even if that includes comments such as "Kelly- stop wasting your time" - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0012_01C24E8D.EBC35EC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi kelly,

The following = link will find=20 shallow CwH formations if you use the correct selection = parameters.
http://www.cwhcharts.com/cs.php. This=20 will only be a subset of charts that have very shallow bases=20 however.

I used the following parameters, but got only 1 chart - = ACG. You=20 could play around with the parameters and possibly find more. I think = that the=20 volatility in the markets recently means that there are extremely few = stocks=20 with flat shallow bases:

 
3D""




Aloha,

Mike = Gibbons
Proactive=20 Technologies, LLC
http://www.proactech.com


-----Original Message-----
From:=20 owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
Sent: Wednesday, August 28, = 2002 11:34=20 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Flat bases - = a=20 question regarding searching


I have a technical (computer) = question=20 regarding searching for flat bases. I have uploaded two examples of = charts the=20 formed extreme bases before moving up.

<http://www.kellyrshort.com/canslim/fcbp.gif>
<http://www.kellyrshort.com/canslim/ozrk.gif>

How would you create a search for this type of = stock=20 (feel free to suggest a specific search engine if it is free)? I tried = creating=20 a search with MSN's Moneycentral Power Search that went something like=20 this:

Today's low within 5% of Last Week close
Today's low = within 5%=20 of Last Month close
Today's low within 5% of Last Qtr's = close

What I=20 got was something that looked like either McDonald's arches or "UW". I = would=20 greatly appreciate anyone's thoughts on this matter, even if that = includes=20 comments such as "Kelly- stop wasting your time"

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email = body,=20 write "subscribe canslim" or
-"unsubscribe canslim".  Do not use = quotes=20 in your email. =

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: RE: [CANSLIM] CSTR Date: 28 Aug 2002 18:42:40 -0400 This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. ------_=_NextPart_001_01C24EE4.3732C7A0 Content-Type: text/plain; charset="iso-8859-1" I certainly agree that it sure seems like there are too many starbucks already - there are more than 70 in the DC metro area alone! The Washington Post did a feature story on them this past Sunday. Yes, new stores do cannibalize existing ones for the first year. But after that, demand increase so much that all stores are profitable. Also, starbucks considers their stores to be their advertising medium. They spend almost no money on advertising. Who knew? Link to the article is below. Thanks, jg http://www.washingtonpost.com/wp-dyn/articles/A56030-2002Aug24.html -----Original Message----- Sent: Tuesday, August 27, 2002 10:32 PM market saturation, in this case (and Starbucks) would be where locations are getting so numerous that the new facilities begin to cannibalize the existing ones. If the existing ones are overwhelmed with demand beyond capacity, that may be ok, but if not it's really bad. ----- Original Message ----- Sent: Tuesday, August 27, 2002 3:35 PM Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM cnbc said it was caused by market saturation. ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:08 AM I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------_=_NextPart_001_01C24EE4.3732C7A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I certainly = agree that it=20 sure seems like there are too many starbucks already - there are more = than 70 in=20 the DC metro area alone!  The Washington Post did a feature story = on them=20 this past Sunday.  Yes, new stores do cannibalize existing ones = for the=20 first year.  But after that, demand increase so much that all = stores are=20 profitable.  Also, starbucks considers their stores to be their = advertising=20 medium.  They spend almost no money on advertising.  Who=20 knew?   Link to the article is below.  Thanks,=20 jg
 
http://www.washingtonpost.com/wp-dyn/articles/A56030-2002Aug24.html=
-----Original Message-----
From: Tom Worley=20 [mailto:stkguru@bellsouth.net]
Sent: Tuesday, August 27, = 2002 10:32=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 CSTR

market saturation, in this case (and = Starbucks)=20 would be where locations are getting so numerous that the new = facilities begin=20 to cannibalize the existing ones. If the existing ones are = overwhelmed with=20 demand beyond capacity, that may be ok, but if not it's really bad.=20
 

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's chart,=20 because my own algorithm had rated it top of about 50 CwH patterns = yesterday.=20 It would have been better with less volatility and less volume in the = handle,=20 but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message = -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in = a bucket=20 in my closet) Once a roll
is filled I then use it to buy = gas.  The=20 gas station people never seem to
mind getting a $10 quarter = roll or a=20 $2 nickel roll.  It works for me
because like you I will = never=20 haul my change to the store only to be charged
for = it.

Happy=20 Trading,
David Taggart

-----Original = Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission= .com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets = in a=20 market like this--A
handle 8/1 to 8/14, breakout 8/15 on = volume, an=20 orderly pullback to the
pivot since then. I'd be hard pressed = to fault=20 the technicals unless you
want to argue the somewhat light = volume on=20 the right side of the cup, which
I won't, because it's = insignificant in=20 my mind.

There are a couple of things that kept me away = from=20 CSTR---high debt load
(though they've been restructuring debt = recently,=20 so they stay in my sights
in the meantime) and low ROE of 5% = (primarily=20 because they only turned EPS
positive in the last 4 quarters). = Given=20 the market is on shaky ground, I'd
rather sit back and watch = the=20 behavior of the stock than to dive
in....preferring to stalk = the trade=20 on other stocks which are fundamentally
stronger, but not yet = finished=20 with their bases. I also like to sit back and
watch most of = the early=20 stocks out of the gate after a follow-through and
see how = they're=20 acting, CSTR included.

I've often scratched my head at the = business=20 model.....seemed crazy that you
would *pay* to count your = change and be=20 happy to receive some crisp dollar
bills and a few store = coupons for=20 the "privilege." But I understand they're
appealing to a part = of the=20 population that is primarily cash-based and not
to those of us = who've=20 forgotten what it looks like and instead use our ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting=20 fees
after doing so for, well, forever.... We've always kept a = "change=20 can" and
dumped our change each day. When it's full, it's = about=20 $200....I'd make my
ritual trek to the bank to have them count = it out,=20 then that evening we
would go out for a pricey dinner, = something we=20 rarely do. Now that they're
charging, however, the CSTR kiosks = become=20 an alternative. Personally, I'm
too cheap to pay *anybody* to = count my=20 money for me, so I won't be using the
bank *or* CSTR...but = I'll bet you=20 there are many folks who would consider
it. The blurb I saw on = the=20 OffWallStreet report mentioned something about
"saturation." = Though I=20 haven't seen the report and know nothing more than
this, I = have only=20 one thought when I hear something like that in the same
breath = as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate = all the=20 advice that I have gotten.  It is when stuff = like
this
|=20 happens that makes me question a trading "method".  I'm sure = if CSTR=20 stays
| down, it will only be a matter of time before I see = and IBD=20 write up using
| their famous 20-20 hindsight to show why it = was=20 destined to fall.  Does
| anyone else see anything in the = price=20 volume action that would lead them
to
| believe that this = was going=20 to happen, or is it the M that is still not
| strong = enough?
|
|=20 Okay, now I feel a bit better after venting.  Thank you=20 all!
|
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &= nbsp;           &= nbsp;   =20 "Edward W.=20 = Gjertsen
|          = ;          =20 = II"           &nb= sp;           &nb= sp;  =20 = p;           &nbs= p;  =20 = <ed@macktracks.com>        = ;  =20 = cc:
|          &nbs= p;         =20 Sent=20 = by:           &nb= sp;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nb= sp;         =20 = owner-canslim@lists.xm
|       &nb= sp;           &nb= sp;=20 = ission.com
|
|
|        = ;            = ;=20 08/27/2002 10:09=20 = AM
|           = ;         =20 Please respond=20 = to
|           = ;         =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was a=20 favorite of many Canslimers - with the problems we faced = with
| buying=20 CVH recently (too many chasing too few) we are seeing = similar
|=20 results, which unfortunately are on the downside.  You = mentioned=20 that
| you got into the office late.  Remember - there = are people=20 who do this
| for a living with millions at stake.  A = slight smell=20 of weakness and
| they may sell some of their position to take = some=20 risk off the table -
| selling begets selling and before you = know it=20 CSTR is down over 20%.  We
| have been in this situation = several=20 times before - and sold quickly -
| and yes much to our = chagrin - some=20 stocks came roaring back - but in
| other cases the stock kept = declining.  Throw out your ego - sell - and
| if CSTR = sets up=20 again look at buying it.  I don't want to get too deep
| = into wash=20 sale rules, but you can't take and loss on CSTR if you buy = it
| back=20 within 30 days.  Good luck
|
| Ed Gjertsen II
|=20 ed@macktracks.com
|
| -----Original Message-----
| From: = owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 michael_niemotka@baxter.com
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
| -In=20 the email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do not=20 use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------_=_NextPart_001_01C24EE4.3732C7A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] Flat bases - a question regarding searching Date: 28 Aug 2002 16:31:18 -0700 (PDT) Kelly, I am not sure about any free search engines which will give you that. Before you scan for stocks like that you have to define how long and wide you want the rectangle (base) to be. If you decide you would accept a base with a width of 10% and a length of 30 days, you should scan for stocks where the high of the last 30 days is no more than 10% higher than the low of the last 30 days. You can write a scan like this easily in Quotes-Plus and probably and scanning/charting package which give you basic screening filters. - Fanus --- Kelly Short wrote: > I have a technical (computer) question regarding > searching for flat bases. I have uploaded two > examples of charts the formed extreme bases before > moving up. > > > > > How would you create a search for this type of stock > (feel free to suggest a specific search engine if it > is free)? I tried creating a search with MSN's > Moneycentral Power Search that went something like > this: > > Today's low within 5% of Last Week close > Today's low within 5% of Last Month close > Today's low within 5% of Last Qtr's close > > What I got was something that looked like either > McDonald's arches or "UW". I would greatly > appreciate anyone's thoughts on this matter, even if > that includes comments such as "Kelly- stop wasting > your time" > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: [CANSLIM] cwhcharts.com Date: 28 Aug 2002 20:21:44 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_001C_01C24ED0.86CB9C10 Content-Type: multipart/alternative; boundary="----=_NextPart_001_001D_01C24ED0.86CB9C10" ------=_NextPart_001_001D_01C24ED0.86CB9C10 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Is the owner of cwhcharts.com on this board? What a great site! Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Wednesday, August 28, 2002 5:25 PM Hi kelly, The following link will find shallow CwH formations if you use the correct selection parameters. http://www.cwhcharts.com/cs.php. This will only be a subset of charts that have very shallow bases however. I used the following parameters, but got only 1 chart - ACG. You could play around with the parameters and possibly find more. I think that the volatility in the markets recently means that there are extremely few stocks with flat shallow bases: Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [ mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Wednesday, August 28, 2002 11:34 AM I have a technical (computer) question regarding searching for flat bases. I have uploaded two examples of charts the formed extreme bases before moving up. < http://www.kellyrshort.com/canslim/fcbp.gif> < http://www.kellyrshort.com/canslim/ozrk.gif> How would you create a search for this type of stock (feel free to suggest a specific search engine if it is free)? I tried creating a search with MSN's Moneycentral Power Search that went something like this: Today's low within 5% of Last Week close Today's low within 5% of Last Month close Today's low within 5% of Last Qtr's close What I got was something that looked like either McDonald's arches or "UW". I would greatly appreciate anyone's thoughts on this matter, even if that includes comments such as "Kelly- stop wasting your time" - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_001D_01C24ED0.86CB9C10 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Is the owner of cwhcharts.com on = this board?  What a great site!

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons
Sent: Wednesday, August = 28, 2002 5:25 PM
To: canslim@lists.xmission.com<= /span>
Subject: RE: [CANSLIM] = Flat bases - a question regarding searching

 

Hi kelly,

The following link will find shallow CwH formations if you use the = correct selection parameters.
http://www.cwhcharts.com/cs.php. This will only be a subset of charts that have very shallow bases = however.

I used the following parameters, but got only 1 chart - ACG. You could = play around with the parameters and possibly find more. I think that the = volatility in the markets recently means that there are extremely few stocks with = flat shallow bases:

 




Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com

-----Original Message-----
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
Sent: Wednesday, August 28, 2002 11:34 AM


I have a technical (computer) question regarding searching for flat = bases. I have uploaded two examples of charts the formed extreme bases before = moving up.

<http://www.kellyrshort.com/canslim/fcbp.gif<= /span>>
<http://www.kellyrshort.com/canslim/ozrk.gif<= /span>>

How would you create a search for this type of stock (feel free to = suggest a specific search engine if it is free)? I tried creating a search with = MSN's Moneycentral Power Search that went something like this:

Today's low within 5% of Last Week close
Today's low within 5% of Last Month close
Today's low within 5% of Last Qtr's close

What I got was something that looked like either McDonald's arches or "UW". I would greatly appreciate anyone's thoughts on this = matter, even if that includes comments such as "Kelly- stop wasting your time"

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your = email.

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Chas" <1440lda@tm.net> Subject: Re: [CANSLIM] DOCC Date: 28 Aug 2002 22:54:05 -0400 Tom When i ran my weekend screen a couple of weeks ago DOCC was on the list of possibles. Is there any reason for the selloff? Took a quick look at chart, quite a drop for the trading volume. Chas -----Original Message----- >I normally don't mention my personal trades, but since this was discussed >here, wanted to mention I was just stopped out on a hard stop at 14.10. >Guess I shouldn't complain with the return, but I really wanted to avoid >short term capital gains taxes. > >I also put a hard stop in on EPIQ, I am reluctantly having to use hard stops >as I am too busy to keep an eye on the markets. > >Tom Worley >stkguru@bellsouth.net >AIM: TexWorley > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DOCC Date: 28 Aug 2002 23:10:52 -0400 I know of no reason, other than it has been bucking the trend for nearly a year. I put in a hard stop, was surprised Schwab even accepted it, after seeing it appear to be weakening at its new highs. My personal rule is that once I am up 100% or more, I must sell at least half on ANY sign of weakness. Picked my stop point primarily by the chart as a 15% trailing would be 13.93, just into the last short base. I figured if it went down that far, was likely to at least go to the bottom of that base (about 13), and of course after stopping me out at 14.10 it ran back over 14.85 just to taunt me. Most of the drop came late in the day, and not on most of the volume from what I saw. So by the end of day's close, I looked pretty brilliant even if I was not feeling that way earlier. My best guess is that the Market Makers were seeing very few buyers in the last few hours, and were quick to drop the bid on any kind of pressure. The volume weighed avg price was 13.665 on an avg trade size of 374 shares, so doesn't appear like institutional holders were dumping today. I had grown a little cautious as I was not so impressed with the revenue growth past two qtrs. ----- Original Message ----- Sent: Wednesday, August 28, 2002 10:54 PM Tom When i ran my weekend screen a couple of weeks ago DOCC was on the list of possibles. Is there any reason for the selloff? Took a quick look at chart, quite a drop for the trading volume. Chas -----Original Message----- >I normally don't mention my personal trades, but since this was discussed >here, wanted to mention I was just stopped out on a hard stop at 14.10. >Guess I shouldn't complain with the return, but I really wanted to avoid >short term capital gains taxes. > >I also put a hard stop in on EPIQ, I am reluctantly having to use hard stops >as I am too busy to keep an eye on the markets. > >Tom Worley >stkguru@bellsouth.net >AIM: TexWorley > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] Shorting Date: 28 Aug 2002 20:50:07 -0700 This is a multi-part message in MIME format. --Boundary_(ID_wbfHpdOhFFX1R7aNU8w98A) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT About 10 days ago, I put in a short sale order on a stock at market when I was getting a quote of $29.25 bid X $29.30 ask. I saw several trades go by at $29.25 after my order was entered - so I assumed I was filled at that price. But they dropped the price to fill me at $29. There were definitely no ticks below my fill price. I have seen this kind of thing happen a few times too. These kind of personal observations are why I assumed that there was no uptick rule on the NAZ (I've never seen this happen on the NYSE). Ian ----- Original Message ----- From: Edward W. Gjertsen II To: canslim@lists.xmission.com Sent: Wednesday, August 28, 2002 6:59 AM Subject: [CANSLIM] Shorting The rule for shorting: NYSE, NASDAQ, AMEX - you can only short on an uptick or zero tick. The only issues you can short without this rule are the popular ETF's - QQQ, SPY, DIA, et al. This rule was implemented in 1938 to prevent "bear raids" from occurring. Ed Gjertsen II ed@macktracks.com --Boundary_(ID_wbfHpdOhFFX1R7aNU8w98A) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
About 10 days ago, I put in a short sale order on a stock at market when I was getting a quote of $29.25 bid X $29.30 ask. I saw several trades go by at $29.25 after my order was entered - so I assumed I was filled at that price. But they dropped the price to fill me at $29. There were definitely no ticks below my fill price.
 
I have seen this kind of thing happen a few times too.
 
These kind of personal observations are why I assumed that there was no uptick rule on the NAZ (I've never seen this happen on the NYSE).
 
Ian
 
 
----- Original Message -----
Sent: Wednesday, August 28, 2002 6:59 AM
Subject: [CANSLIM] Shorting

The rule for shorting: NYSE, NASDAQ, AMEX – you can only short on an uptick or zero tick.  The only issues you can short without this rule are the popular ETF’s – QQQ, SPY, DIA, et al.   This rule was implemented in 1938 to prevent “bear raids” from occurring. 

 

Ed Gjertsen II

ed@macktracks.com

--Boundary_(ID_wbfHpdOhFFX1R7aNU8w98A)-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR Date: 28 Aug 2002 20:52:14 -0700 Yes. Personally, I usually wait for some sort of intra-day bounce/plateau. But really big price tanks/collapses kind of scare me off - although I've never really looked to see if they are statistically likely to keep falling. Ian ----- Original Message ----- Sent: Wednesday, August 28, 2002 6:20 AM > > Ian, > > So when something starts to tank,and if you think it was going even lower, > you can still short it? > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > Ian > Sent by: To: canslim@lists.xmission.com > owner-canslim@lists.xm cc: > ission.com Subject: Re: [CANSLIM] CSTR > > > 08/27/2002 11:11 PM > Please respond to > canslim > > > > > > > Mike: > > As far as I know, and my personal observations seem to have confirmed it, > there is no uptick rule on the NASDAQ. You can short at market if you like. > > Ian > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 1:12 PM > Subject: Re: [CANSLIM] CSTR > > > > > > Question about selling short: > > > > From what I understand, you can only sell short on an uptick, but is it > > possible to put in a short sell order, that you hope gets done if the > stock > > has a single uptick on it's way down? > > > > Thanks > > > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > "david frank" > > canslim@lists.xmission.com > > .net> cc: > > Sent by: Subject: Re: > [CANSLIM] CSTR > > owner-canslim@lists.xm > > ission.com > > > > > > 08/27/2002 03:09 PM > > > Please respond to > > canslim > > > > > > > > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; > don't > > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > > short during the pre-market or regular hours. Nice trade. dave > > ----- Original Message ----- > > From: "Ian" > > To: > > Sent: Tuesday, August 27, 2002 2:44 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > Mike: > > > > > > If it makes you feel better - I was looking for chart weakness so that > I > > > could intitate another short position - and I hadn't found any weakness > > > before today. I would say that technically, the stock has behaved > > extremely > > > strongly up until today - strong enough to scare me away from shorting > > it. > > > Just my 2 cents. > > > > > > Ian > > > > > > > > > ----- Original Message ----- > > > From: > > > To: > > > Sent: Tuesday, August 27, 2002 8:22 AM > > > Subject: RE: [CANSLIM] CSTR > > > > > > > > > > > > > > I appreciate all the advice that I have gotten. It is when stuff > like > > > this > > > > happens that makes me question a trading "method". I'm sure if CSTR > > stays > > > > down, it will only be a matter of time before I see and IBD write up > > using > > > > their famous 20-20 hindsight to show why it was destined to fall. > Does > > > > anyone else see anything in the price volume action that would lead > > them > > > to > > > > believe that this was going to happen, or is it the M that is still > not > > > > strong enough? > > > > > > > > Okay, now I feel a bit better after venting. Thank you all! > > > > > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > "Edward W. Gjertsen > > > > II" To: > > > canslim@lists.xmission.com > > > > cc: > > > > Sent by: Subject: RE: > > > [CANSLIM] CSTR > > > > owner-canslim@lists.xm > > > > > > > ission.com > > > > > > > > > > > > 08/27/2002 10:09 AM > > > > Please respond to > > > > canslim > > > > > > > > > > > > > > > > > > > > > > > > > > > > Dear Mike > > > > > > > > CSTR was a favorite of many Canslimers - with the problems we faced > > with > > > > buying CVH recently (too many chasing too few) we are seeing similar > > > > results, which unfortunately are on the downside. You mentioned that > > > > you got into the office late. Remember - there are people who do > this > > > > for a living with millions at stake. A slight smell of weakness and > > > > they may sell some of their position to take some risk off the table > - > > > > selling begets selling and before you know it CSTR is down over 20%. > > We > > > > have been in this situation several times before - and sold quickly - > > > > and yes much to our chagrin - some stocks came roaring back - but in > > > > other cases the stock kept declining. Throw out your ego - sell - > and > > > > if CSTR sets up again look at buying it. I don't want to get too > deep > > > > into wash sale rules, but you can't take and loss on CSTR if you buy > it > > > > back within 30 days. Good luck > > > > > > > > Ed Gjertsen II > > > > ed@macktracks.com > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > > > > michael_niemotka@baxter.com > > > > Sent: Tuesday, August 27, 2002 9:25 AM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] CSTR > > > > > > > > Does anyone know what is going on with this stock? Got in late to > the > > > > office today and it is down 18%!!! > > > > > > > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > > > > wait > > > > it out to see if the day may turn a bit? > > > > > > > > Thanks > > > > > > > > Mike Niemotka , PE > > > > Sr. Principal Engineer > > > > Baxter Healthcare Corporation > > > > Route 120 & Wilson Road > > > > Round Lake, IL 60073 > > > > Tel (847) 270-4075 > > > > Fax (847) 270-4525 > > > > michael_niemotka@baxter.com > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Insider Trades Date: 29 Aug 2002 07:52:40 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01FC_01C24F31.0CAD48F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi All, This excerpt is from John Mendelson's Weekly report (Schwab Capital = Markets). I thought it interesting from a CANSLIM point of view, as = insider trading patterns are one of the secondary indicators under = buying/selling strategies. As insiders will be required to report more = quickly, I wonder if this will create more "noise" or provide more = information when looking at the charts. Thought I'd also include a link = for my favorite insider tracking site: = http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdcg6divt9fsuu5a= wkj. --Katherine =3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D Some recent market statistics look encouraging. Corporate executives = appear to be more optimistic on their own companies as the insider trading data for the week ended = August 16, 2002 showed a parity of sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 ratio of = sales to purchases two months ago, according to Vickers Weekly Insider Report. Ratios close to 1 to 1 = between insider sales and purchases have been very unusual over the past thirty years with these events producing = a gain of about 30% in the popular market averages over the next year. An classic example of the insider = trading ratio dropping to around parity was the 1.18 reading for the week ended August 20, 1982, just after a = major bottom in the market. The recent August 16 ratio was three weeks after the July 24, 2002 low. Since most = corporate insiders acquire their stock in grants or by exercising options rather than by outright = purchases and because executives buy homes, educate children etc., selling normally outweighs buying. For years, I = have believed a ratio of less than 2 to 1 is a bullish sign....as noted above, the latest reading is 1.01 to 1. = This indicator may become even more=20 useful, as next month companies will be required to report insider = trades within two days of execution rather than the current regulation of reporting by the 10th of the month. ------=_NextPart_000_01FC_01C24F31.0CAD48F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi All,
 
This excerpt is from John Mendelson's Weekly report (Schwab Capital = Markets). I thought it interesting from a CANSLIM point of view, as = insider=20 trading patterns are one of the secondary indicators under = buying/selling=20 strategies. As insiders will be required to report more quickly, I = wonder if=20 this will create more "noise" or provide more information when looking = at the=20 charts. Thought I'd also include a link for my favorite insider tracking = site:=20 http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdc= g6divt9fsuu5awkj.
 
--Katherine
=3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D

Some recent market statistics look encouraging. Corporate executives = appear=20 to be more optimistic

on their own companies as the insider trading data for the week ended = August=20 16, 2002 showed a parity of

sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 ratio = of sales=20 to purchases two months ago,

according to Vickers Weekly Insider Report. Ratios close to 1 to 1 = between=20 insider sales and purchases have

been very unusual over the past thirty years with these events = producing a=20 gain of about 30% in the popular

market averages over the next year. An classic example of the insider = trading=20 ratio dropping to around parity

was the 1.18 reading for the week ended August 20, 1982, just after a = major=20 bottom in the market. The recent

August 16 ratio was three weeks after the July 24, 2002 low. Since = most=20 corporate insiders acquire their

stock in grants or by exercising options rather than by outright = purchases=20 and because executives buy homes,

educate children etc., selling normally outweighs buying. For years, = I have=20 believed a ratio of less than 2 to 1

is a bullish sign....as noted above, the latest reading is 1.01 to 1. = This=20 indicator may become even more

useful, as next month companies will be = required to=20 report insider trades within two days of execution = rather

than the current regulation of reporting by = the 10th=20 of the month.

------=_NextPart_000_01FC_01C24F31.0CAD48F0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Insider Trades Date: 29 Aug 2002 09:07:12 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0070_01C24F3B.75F9B8C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I have always ignored insider selling as "noise", since there are many = reasons behind it (buying a house, diversifying their finances, new car, = college tuition, options in the money and about to expire, etc.) that = have nothing to do with "M", their company, or anything else we could = care about. On the other hand, I know of only two good reasons for = insiders to be a buyer - hype the stock (build confidence), or to make = money (they see it as their best investment opportunity).=20 On the other hand, I have found few insiders that really understand the = markets and how the investment community behaves. And insiders that have = sold are prohibited from buying new shares within 12 months, I think, so = they can't trade their company stock. A parity ratio is indeed significant, especially given corporate = governance issues today, and the new rules on disclosure about to take = affect. But we also don't want bullish sentiment, we want everyone = scared of a total collapse!! With Martha Stewart now being sued by a = shareholder for selling her own company stock (presumably in = anticipation of it tanking eventually when her Imclone trade being = revealed, which both happened later), I also wonder how many insiders = may be deciding not to sell for fear of perception, especially if they = know there is anything questionable. Oh, I am so cynical these days!!! Guess that's what happens when I get = stopped out on two stocks in just one day, and I don't normally even use = hard stops. ----- Original Message -----=20 Sent: Thursday, August 29, 2002 8:52 AM Hi All, This excerpt is from John Mendelson's Weekly report (Schwab Capital = Markets). I thought it interesting from a CANSLIM point of view, as = insider trading patterns are one of the secondary indicators under = buying/selling strategies. As insiders will be required to report more = quickly, I wonder if this will create more "noise" or provide more = information when looking at the charts. Thought I'd also include a link = for my favorite insider tracking site: = http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdcg6divt9fsuu5a= wkj. --Katherine =3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D Some recent market statistics look encouraging. Corporate executives = appear to be more optimistic on their own companies as the insider trading data for the week ended = August 16, 2002 showed a parity of sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 ratio of = sales to purchases two months ago, according to Vickers Weekly Insider Report. Ratios close to 1 to 1 = between insider sales and purchases have been very unusual over the past thirty years with these events producing = a gain of about 30% in the popular market averages over the next year. An classic example of the insider = trading ratio dropping to around parity was the 1.18 reading for the week ended August 20, 1982, just after a = major bottom in the market. The recent August 16 ratio was three weeks after the July 24, 2002 low. Since most = corporate insiders acquire their stock in grants or by exercising options rather than by outright = purchases and because executives buy homes, educate children etc., selling normally outweighs buying. For years, I = have believed a ratio of less than 2 to 1 is a bullish sign....as noted above, the latest reading is 1.01 to 1. = This indicator may become even more=20 useful, as next month companies will be required to report insider = trades within two days of execution rather than the current regulation of reporting by the 10th of the month. ------=_NextPart_000_0070_01C24F3B.75F9B8C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I have always ignored insider selling as = "noise", since=20 there are many reasons behind it (buying a house, diversifying their = finances,=20 new car, college tuition, options in the money and about to expire, = etc.) that=20 have nothing to do with "M", their company, or anything else we could = care=20 about. On the other hand, I know of only two good reasons for insiders = to be a=20 buyer - hype the stock (build confidence), or to make money (they see it = as their best investment opportunity).
 
On the other hand, I have found few insiders=20 that really understand the markets and how the investment community = behaves. And insiders that have sold are prohibited from buying new = shares within 12 months, I think, so they can't trade their company = stock.
 
A parity ratio is indeed significant, especially = given=20 corporate governance issues today, and the new rules on disclosure about = to take=20 affect. But we also don't want bullish = sentiment,=20 we want everyone scared of a total collapse!! With Martha Stewart now = being sued=20 by a shareholder for selling her own company stock (presumably in = anticipation=20 of it tanking eventually when her Imclone trade being revealed, which = both=20 happened later), I also wonder how many insiders may be deciding not to = sell for=20 fear of perception, especially if they know there is anything=20 questionable.
 
Oh, I am so cynical these days!!! Guess that's = what=20 happens when I get stopped out on two stocks in just one day, and I = don't=20 normally even use hard stops.
 
----- Original Message -----
From: Katherine Malm=20
Sent: Thursday, August 29, 2002 8:52 AM
Subject: [CANSLIM] Insider Trades

Hi All,
 
This excerpt is from John Mendelson's Weekly report (Schwab Capital = Markets). I thought it interesting from a CANSLIM point of view, as = insider=20 trading patterns are one of the secondary indicators under = buying/selling=20 strategies. As insiders will be required to report more quickly, I = wonder if=20 this will create more "noise" or provide more information when looking = at the=20 charts. Thought I'd also include a link for my favorite insider tracking = site:=20 http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdc= g6divt9fsuu5awkj.
 
--Katherine
=3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D

Some recent market statistics look encouraging. Corporate executives = appear=20 to be more optimistic

on their own companies as the insider trading data for the week ended = August=20 16, 2002 showed a parity of

sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 ratio = of sales=20 to purchases two months ago,

according to Vickers Weekly Insider Report. Ratios close to 1 to 1 = between=20 insider sales and purchases have

been very unusual over the past thirty years with these events = producing a=20 gain of about 30% in the popular

market averages over the next year. An classic example of the insider = trading=20 ratio dropping to around parity

was the 1.18 reading for the week ended August 20, 1982, just after a = major=20 bottom in the market. The recent

August 16 ratio was three weeks after the July 24, 2002 low. Since = most=20 corporate insiders acquire their

stock in grants or by exercising options rather than by outright = purchases=20 and because executives buy homes,

educate children etc., selling normally outweighs buying. For years, = I have=20 believed a ratio of less than 2 to 1

is a bullish sign....as noted above, the latest reading is 1.01 to 1. = This=20 indicator may become even more

useful, as next month companies will be = required to=20 report insider trades within two days of execution = rather

than the current regulation of reporting by = the 10th=20 of the month.

------=_NextPart_000_0070_01C24F3B.75F9B8C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Insider Trades Date: 29 Aug 2002 07:17:51 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_0031_01C24F2C.2F51A3B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I dont use it enough but I keep reminding myself to study insider buying/selling. As a general statement I agree on insider selling not being to important and insider buying being quite useful. I have read that in a few different books and interviews from people I pay attention to like Marty Zweig and Norman Fosback who wrote Stock Market Logic. But what I need to go research is the extremes of both. In Stock Market Wizards by Schwager he interviews Ahmet H. Okumus who says he uses insider buying/selling extensively talking about how regular insider activity doesnt have much predictive power but he goes and looks at the amount bought/sold compared to the insiders net worth and things like that and judging by his trading results it must work. But for right now I just do a cursory glance to see if they are buying or selling but dont use it as key decision making tool. David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Thursday, August 29, 2002 7:07 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Insider Trades I have always ignored insider selling as "noise", since there are many reasons behind it (buying a house, diversifying their finances, new car, college tuition, options in the money and about to expire, etc.) that have nothing to do with "M", their company, or anything else we could care about. On the other hand, I know of only two good reasons for insiders to be a buyer - hype the stock (build confidence), or to make money (they see it as their best investment opportunity). On the other hand, I have found few insiders that really understand the markets and how the investment community behaves. And insiders that have sold are prohibited from buying new shares within 12 months, I think, so they can't trade their company stock. A parity ratio is indeed significant, especially given corporate governance issues today, and the new rules on disclosure about to take affect. But we also don't want bullish sentiment, we want everyone scared of a total collapse!! With Martha Stewart now being sued by a shareholder for selling her own company stock (presumably in anticipation of it tanking eventually when her Imclone trade being revealed, which both happened later), I also wonder how many insiders may be deciding not to sell for fear of perception, especially if they know there is anything questionable. Oh, I am so cynical these days!!! Guess that's what happens when I get stopped out on two stocks in just one day, and I don't normally even use hard stops. ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Thursday, August 29, 2002 8:52 AM Subject: [CANSLIM] Insider Trades Hi All, This excerpt is from John Mendelson's Weekly report (Schwab Capital Markets). I thought it interesting from a CANSLIM point of view, as insider trading patterns are one of the secondary indicators under buying/selling strategies. As insiders will be required to report more quickly, I wonder if this will create more "noise" or provide more information when looking at the charts. Thought I'd also include a link for my favorite insider tracking site: http://insider.thomsonfn.com/tfn/insider.asp?linkcode=7rdcg6divt9fsuu5awkj. --Katherine ========Mendelson Excerpt (highlighting is mine)========= Some recent market statistics look encouraging. Corporate executives appear to be more optimistic on their own companies as the insider trading data for the week ended August 16, 2002 showed a parity of sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 ratio of sales to purchases two months ago, according to Vickers Weekly Insider Report. Ratios close to 1 to 1 between insider sales and purchases have been very unusual over the past thirty years with these events producing a gain of about 30% in the popular market averages over the next year. An classic example of the insider trading ratio dropping to around parity was the 1.18 reading for the week ended August 20, 1982, just after a major bottom in the market. The recent August 16 ratio was three weeks after the July 24, 2002 low. Since most corporate insiders acquire their stock in grants or by exercising options rather than by outright purchases and because executives buy homes, educate children etc., selling normally outweighs buying. For years, I have believed a ratio of less than 2 to 1 is a bullish sign....as noted above, the latest reading is 1.01 to 1. This indicator may become even more useful, as next month companies will be required to report insider trades within two days of execution rather than the current regulation of reporting by the 10th of the month. ------=_NextPart_000_0031_01C24F2C.2F51A3B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I dont=20 use it enough but I keep reminding myself to study insider = buying/selling. =20 As a general statement I agree on insider selling not being to important = and=20 insider buying being quite useful.  I have read that in a few = different=20 books and interviews from people I pay attention to like Marty Zweig and = Norman=20 Fosback who wrote Stock Market Logic.  But what I need to go = research is=20 the extremes of both.  In Stock Market Wizards by Schwager he = interviews=20 Ahmet H. = Okumus who=20 says he uses insider buying/selling  extensively talking about how = regular=20 insider activity doesnt have much predictive power but he goes and looks = at the=20 amount bought/sold compared to the insiders net worth and things like = that and=20 judging by his trading results it must work.  But for right now I = just do a=20 cursory glance to see if they are buying or selling but dont use it as = key=20 decision making tool.
 
David = Taggart
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Thursday, August 29, 2002 7:07 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Insider=20 Trades

I have always ignored insider selling as = "noise", since=20 there are many reasons behind it (buying a house, diversifying their = finances,=20 new car, college tuition, options in the money and about to expire, = etc.) that=20 have nothing to do with "M", their company, or anything else we could = care=20 about. On the other hand, I know of only two good reasons for insiders = to be a=20 buyer - hype the stock (build confidence), or to make money (they see = it=20 as their best investment opportunity).
 
On the other hand, I have found few insiders=20 that really understand the markets and how the investment = community=20 behaves. And insiders that have sold are prohibited from buying = new=20 shares within 12 months, I think, so they can't trade their = company=20 stock.
 
A parity ratio is indeed significant, = especially given=20 corporate governance issues today, and the new rules on disclosure = about to=20 take affect. But we also don't want = bullish=20 sentiment, we want everyone scared of a total collapse!! With Martha = Stewart=20 now being sued by a shareholder for selling her own company stock = (presumably=20 in anticipation of it tanking eventually when her Imclone trade being=20 revealed, which both happened later), I also wonder how many insiders = may be=20 deciding not to sell for fear of perception, especially if they know = there is=20 anything questionable.
 
Oh, I am so cynical these days!!! Guess that's = what=20 happens when I get stopped out on two stocks in just one day, and I = don't=20 normally even use hard stops.
 
----- Original Message -----
From: Katherine Malm=20
Sent: Thursday, August 29, 2002 8:52 AM
Subject: [CANSLIM] Insider Trades

Hi All,
 
This excerpt is from John Mendelson's Weekly report (Schwab = Capital=20 Markets). I thought it interesting from a CANSLIM point of view, as = insider=20 trading patterns are one of the secondary indicators under = buying/selling=20 strategies. As insiders will be required to report more quickly, I = wonder if=20 this will create more "noise" or provide more information when looking = at the=20 charts. Thought I'd also include a link for my favorite insider = tracking site:=20 http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdc= g6divt9fsuu5awkj.
 
--Katherine
=3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D

Some recent market statistics look encouraging. Corporate = executives appear=20 to be more optimistic

on their own companies as the insider trading data for the week = ended=20 August 16, 2002 showed a parity of

sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 = ratio of=20 sales to purchases two months ago,

according to Vickers Weekly Insider Report. Ratios close to 1 to 1 = between=20 insider sales and purchases have

been very unusual over the past thirty years with these events = producing a=20 gain of about 30% in the popular

market averages over the next year. An classic example of the = insider=20 trading ratio dropping to around parity

was the 1.18 reading for the week ended August 20, 1982, just after = a major=20 bottom in the market. The recent

August 16 ratio was three weeks after the July 24, 2002 low. Since = most=20 corporate insiders acquire their

stock in grants or by exercising options rather than by outright = purchases=20 and because executives buy homes,

educate children etc., selling normally outweighs buying. For = years, I have=20 believed a ratio of less than 2 to 1

is a bullish sign....as noted above, the latest reading is 1.01 to = 1. This=20 indicator may become even more

useful, as next month companies will be = required to=20 report insider trades within two days of execution = rather

than the current regulation of reporting = by the=20 10th of the month.

------=_NextPart_000_0031_01C24F2C.2F51A3B0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Insider Trades Date: 29 Aug 2002 08:54:29 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0219_01C24F39.AF308D00 Content-Type: multipart/alternative; boundary="----=_NextPart_001_021A_01C24F39.AF308D00" ------=_NextPart_001_021A_01C24F39.AF308D00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Here's one that caught my eye when reviewing the industry trends = recently: http://insider.thomsonfn.com/tfn/insider.asp?imodule=3DindTearsheet = (tearsheet for Homebuilders) Now *that's* some selling! Katherine ----- Original Message -----=20 From: David Taggart=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 29, 2002 8:17 AM Subject: RE: [CANSLIM] Insider Trades I dont use it enough but I keep reminding myself to study insider = buying/selling. As a general statement I agree on insider selling not = being to important and insider buying being quite useful. I have read = that in a few different books and interviews from people I pay attention = to like Marty Zweig and Norman Fosback who wrote Stock Market Logic. = But what I need to go research is the extremes of both. In Stock Market = Wizards by Schwager he interviews Ahmet H. Okumus who says he uses = insider buying/selling extensively talking about how regular insider = activity doesnt have much predictive power but he goes and looks at the = amount bought/sold compared to the insiders net worth and things like = that and judging by his trading results it must work. But for right now = I just do a cursory glance to see if they are buying or selling but dont = use it as key decision making tool. David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Thursday, August 29, 2002 7:07 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Insider Trades I have always ignored insider selling as "noise", since there are = many reasons behind it (buying a house, diversifying their finances, new = car, college tuition, options in the money and about to expire, etc.) = that have nothing to do with "M", their company, or anything else we = could care about. On the other hand, I know of only two good reasons for = insiders to be a buyer - hype the stock (build confidence), or to make = money (they see it as their best investment opportunity).=20 On the other hand, I have found few insiders that really understand = the markets and how the investment community behaves. And insiders that = have sold are prohibited from buying new shares within 12 months, I = think, so they can't trade their company stock. A parity ratio is indeed significant, especially given corporate = governance issues today, and the new rules on disclosure about to take = affect. But we also don't want bullish sentiment, we want everyone = scared of a total collapse!! With Martha Stewart now being sued by a = shareholder for selling her own company stock (presumably in = anticipation of it tanking eventually when her Imclone trade being = revealed, which both happened later), I also wonder how many insiders = may be deciding not to sell for fear of perception, especially if they = know there is anything questionable. Oh, I am so cynical these days!!! Guess that's what happens when I = get stopped out on two stocks in just one day, and I don't normally even = use hard stops. ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 29, 2002 8:52 AM Subject: [CANSLIM] Insider Trades Hi All, This excerpt is from John Mendelson's Weekly report (Schwab Capital = Markets). I thought it interesting from a CANSLIM point of view, as = insider trading patterns are one of the secondary indicators under = buying/selling strategies. As insiders will be required to report more = quickly, I wonder if this will create more "noise" or provide more = information when looking at the charts. Thought I'd also include a link = for my favorite insider tracking site: = http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdcg6divt9fsuu5a= wkj. --Katherine =3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D Some recent market statistics look encouraging. Corporate executives = appear to be more optimistic on their own companies as the insider trading data for the week = ended August 16, 2002 showed a parity of sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 ratio = of sales to purchases two months ago, according to Vickers Weekly Insider Report. Ratios close to 1 to 1 = between insider sales and purchases have been very unusual over the past thirty years with these events = producing a gain of about 30% in the popular market averages over the next year. An classic example of the = insider trading ratio dropping to around parity was the 1.18 reading for the week ended August 20, 1982, just after = a major bottom in the market. The recent August 16 ratio was three weeks after the July 24, 2002 low. Since = most corporate insiders acquire their stock in grants or by exercising options rather than by outright = purchases and because executives buy homes, educate children etc., selling normally outweighs buying. For years, = I have believed a ratio of less than 2 to 1 is a bullish sign....as noted above, the latest reading is 1.01 to = 1. This indicator may become even more=20 useful, as next month companies will be required to report insider = trades within two days of execution rather than the current regulation of reporting by the 10th of the month. ------=_NextPart_001_021A_01C24F39.AF308D00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Here's one that caught my eye when reviewing the industry trends=20 recently:
 
http://insider.thomsonfn.com/tfn/insider.asp?imodule=3DindTearsheet (tearsheet=20 for Homebuilders)
 
Now *that's* some selling!
 
Katherine
 
 
----- Original Message -----
From:=20 David Taggart
Sent: Thursday, August 29, 2002 = 8:17=20 AM
Subject: RE: [CANSLIM] Insider=20 Trades

I=20 dont use it enough but I keep reminding myself to study insider=20 buying/selling.  As a general statement I agree on insider = selling not=20 being to important and insider buying being quite useful.  I have = read=20 that in a few different books and interviews from people I pay = attention to=20 like Marty Zweig and Norman Fosback who wrote Stock Market = Logic.  But=20 what I need to go research is the extremes of both.  In Stock = Market=20 Wizards by Schwager he interviews Ahmet H. Okumus who says he uses insider=20 buying/selling  extensively talking about how regular insider = activity=20 doesnt have much predictive power but he goes and looks at the amount=20 bought/sold compared to the insiders net worth and things like that = and=20 judging by his trading results it must work.  But for right now I = just do=20 a cursory glance to see if they are buying or selling but dont use it = as key=20 decision making tool.
 
David=20 Taggart
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Thursday, August 29, 2002 7:07 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Insider=20 Trades

I have always ignored insider selling as = "noise",=20 since there are many reasons behind it (buying a house, diversifying = their=20 finances, new car, college tuition, options in the money and about = to=20 expire, etc.) that have nothing to do with "M", their company, or = anything=20 else we could care about. On the other hand, I know of only two good = reasons=20 for insiders to be a buyer - hype the stock (build confidence), or = to make=20 money (they see it as their best investment opportunity).=20
 
On the other hand, I have found few insiders = that really understand the markets and how the investment = community=20 behaves. And insiders that have sold are prohibited from buying = new=20 shares within 12 months, I think, so they can't trade their = company=20 stock.
 
A parity ratio is indeed significant, = especially given=20 corporate governance issues today, and the new rules on disclosure = about to=20 take affect. But we also don't want = bullish=20 sentiment, we want everyone scared of a total collapse!! With Martha = Stewart=20 now being sued by a shareholder for selling her own company stock=20 (presumably in anticipation of it tanking eventually when her = Imclone trade=20 being revealed, which both happened later), I also wonder how many = insiders=20 may be deciding not to sell for fear of perception, especially if = they know=20 there is anything questionable.
 
Oh, I am so cynical these days!!! Guess = that's what=20 happens when I get stopped out on two stocks in just one day, and I = don't=20 normally even use hard stops.
 
----- Original Message -----
From: = Katherine=20 Malm
Sent: Thursday, August 29, 2002 8:52 AM
Subject: [CANSLIM] Insider Trades

Hi All,
 
This excerpt is from John Mendelson's Weekly report (Schwab = Capital=20 Markets). I thought it interesting from a CANSLIM point of view, as = insider=20 trading patterns are one of the secondary indicators under=20 buying/selling strategies. As insiders will be required to report = more=20 quickly, I wonder if this will create more "noise" or provide more=20 information when looking at the charts. Thought I'd also include a = link for=20 my favorite insider tracking site: http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdc= g6divt9fsuu5awkj.
 
--Katherine
=3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D

Some recent market statistics look encouraging. Corporate = executives=20 appear to be more optimistic

on their own companies as the insider trading data for the week = ended=20 August 16, 2002 showed a parity of

sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 = ratio of=20 sales to purchases two months ago,

according to Vickers Weekly Insider Report. Ratios close to 1 to = 1=20 between insider sales and purchases have

been very unusual over the past thirty years with these events = producing=20 a gain of about 30% in the popular

market averages over the next year. An classic example of the = insider=20 trading ratio dropping to around parity

was the 1.18 reading for the week ended August 20, 1982, just = after a=20 major bottom in the market. The recent

August 16 ratio was three weeks after the July 24, 2002 low. = Since most=20 corporate insiders acquire their

stock in grants or by exercising options rather than by outright=20 purchases and because executives buy homes,

educate children etc., selling normally outweighs buying. For = years, I=20 have believed a ratio of less than 2 to 1

is a bullish sign....as noted above, the latest reading is 1.01 = to 1.=20 This indicator may become even more

useful, as next month companies will be = required=20 to report insider trades within two days of execution = rather

than the current regulation of = reporting by the=20 10th of the = month.

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l/7+t/jRRQAfZ0/vS/8Af1v8aPs6f3pf+/rf40UUAH2dP70v/f1v8aPs6f3pf+/rf40UUAH2dP70 v/f1v8aPs6f3pf8Av63+NFFACpAiPvG4tjGWcn+Z9qloooA//9k= ------=_NextPart_000_0219_01C24F39.AF308D00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Rubin" Subject: RE: [CANSLIM] CSTR Date: 29 Aug 2002 10:01:52 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_004C_01C24F43.19D9C320 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit In Midtown NYC there are several Starbucks within 1 block of each other. They are all packed. -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gasta, Jeffrey Sent: Wednesday, August 28, 2002 6:43 PM I certainly agree that it sure seems like there are too many starbucks already - there are more than 70 in the DC metro area alone! The Washington Post did a feature story on them this past Sunday. Yes, new stores do cannibalize existing ones for the first year. But after that, demand increase so much that all stores are profitable. Also, starbucks considers their stores to be their advertising medium. They spend almost no money on advertising. Who knew? Link to the article is below. Thanks, jg http://www.washingtonpost.com/wp-dyn/articles/A56030-2002Aug24.html -----Original Message----- Sent: Tuesday, August 27, 2002 10:32 PM market saturation, in this case (and Starbucks) would be where locations are getting so numerous that the new facilities begin to cannibalize the existing ones. If the existing ones are overwhelmed with demand beyond capacity, that may be ok, but if not it's really bad. ----- Original Message ----- Sent: Tuesday, August 27, 2002 3:35 PM Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of CSTR's chart, because my own algorithm had rated it top of about 50 CwH patterns yesterday. It would have been better with less volatility and less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM cnbc said it was caused by market saturation. ----- Original Message ----- Sent: Tuesday, August 27, 2002 9:08 AM I have a bunch of coin rolls located on my dresser and just fill them up as I go (except for the pennies which go in a bucket in my closet) Once a roll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be charged for it. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM Hi Mike, Technically, this chart is about as good as it gets in a market like this--A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, which I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sights in the meantime) and low ROE of 5% (primarily because they only turned EPS positive in the last 4 quarters). Given the market is on shaky ground, I'd rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamentally stronger, but not yet finished with their bases. I also like to sit back and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that you would *pay* to count your change and be happy to receive some crisp dollar bills and a few store coupons for the "privilege." But I understand they're appealing to a part of the population that is primarily cash-based and not to those of us who've forgotten what it looks like and instead use our ATM card for everything. Recently, however, I've had a greater appreciation for their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" and dumped our change each day. When it's full, it's about $200....I'd make my ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they're charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine ----- Original Message ----- Sent: Tuesday, August 27, 2002 10:22 AM | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR stays | down, it will only be a matter of time before I see and IBD write up using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Edward W. Gjertsen | II" To: canslim@lists.xmission.com | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_004C_01C24F43.19D9C320 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
In Midtown = NYC there are=20 several Starbucks within 1 block of each other. They are all=20 packed.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Gasta, Jeffrey
Sent: Wednesday, August = 28, 2002=20 6:43 PM
To: 'canslim@lists.xmission.com'
Subject: = RE:=20 [CANSLIM] CSTR

I certainly = agree that=20 it sure seems like there are too many starbucks already - there are = more than=20 70 in the DC metro area alone!  The Washington Post did a feature = story=20 on them this past Sunday.  Yes, new stores do cannibalize = existing ones=20 for the first year.  But after that, demand increase so much that = all=20 stores are profitable.  Also, starbucks considers their stores to = be=20 their advertising medium.  They spend almost no money on=20 advertising.  Who knew?   Link to the article is = below. =20 Thanks, jg
 
http://www.washingtonpost.com/wp-dyn/articles/A56030-2002Aug24.html
-----Original Message-----
From: Tom Worley=20 [mailto:stkguru@bellsouth.net]
Sent: Tuesday, August 27, = 2002=20 10:32 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] CSTR

market saturation, in this case = (and Starbucks)=20 would be where locations are getting so numerous that the new = facilities=20 begin to cannibalize the existing ones. If the existing ones are = overwhelmed=20 with demand beyond capacity, that may be ok, but if not it's really = bad.=20
 
----- Original Message -----=20
From: = Mike=20 Gibbons
Sent: Tuesday, August 27, 2002 3:35 PM
Subject: RE: [CANSLIM] CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's=20 chart, because my own algorithm had rated it top of about 50 CwH = patterns=20 yesterday. It would have been better with less volatility and less = volume in=20 the handle, but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY = POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market = saturation. 
 
----- Original Message = -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in = a=20 bucket in my closet) Once a roll
is filled I then use it to = buy=20 gas.  The gas station people never seem to
mind getting = a $10=20 quarter roll or a $2 nickel roll.  It works for = me
because like=20 you I will never haul my change to the store only to be = charged
for=20 it.

Happy Trading,
David Taggart

-----Original=20 Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51=20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CSTR


Hi Mike,

Technically, this chart is about = as good=20 as it gets in a market like this--A
handle 8/1 to 8/14, = breakout 8/15=20 on volume, an orderly pullback to the
pivot since then. I'd = be hard=20 pressed to fault the technicals unless you
want to argue the = somewhat=20 light volume on the right side of the cup, which
I won't, = because=20 it's insignificant in my mind.

There are a couple of = things that=20 kept me away from CSTR---high debt load
(though they've been=20 restructuring debt recently, so they stay in my sights
in the = meantime) and low ROE of 5% (primarily because they only turned=20 EPS
positive in the last 4 quarters). Given the market is on = shaky=20 ground, I'd
rather sit back and watch the behavior of the = stock than=20 to dive
in....preferring to stalk the trade on other stocks = which are=20 fundamentally
stronger, but not yet finished with their = bases. I also=20 like to sit back and
watch most of the early stocks out of = the gate=20 after a follow-through and
see how they're acting, CSTR=20 included.

I've often scratched my head at the business=20 model.....seemed crazy that you
would *pay* to count your = change and=20 be happy to receive some crisp dollar
bills and a few store = coupons=20 for the "privilege." But I understand they're
appealing to a = part of=20 the population that is primarily cash-based and not
to those = of us=20 who've forgotten what it looks like and instead use our = ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting fees
after doing so for, well, forever.... We've = always kept=20 a "change can" and
dumped our change each day. When it's = full, it's=20 about $200....I'd make my
ritual trek to the bank to have = them count=20 it out, then that evening we
would go out for a pricey = dinner,=20 something we rarely do. Now that they're
charging, however, = the CSTR=20 kiosks become an alternative. Personally, I'm
too cheap to = pay=20 *anybody* to count my money for me, so I won't be using = the
bank *or*=20 CSTR...but I'll bet you there are many folks who would = consider
it.=20 The blurb I saw on the OffWallStreet report mentioned something=20 about
"saturation." Though I haven't seen the report and know = nothing=20 more than
this, I have only one thought when I hear something = like=20 that in the same
breath as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002=20 10:22 AM
Subject: RE: [CANSLIM] CSTR


|
| I = appreciate=20 all the advice that I have gotten.  It is when stuff=20 like
this
| happens that makes me question a trading=20 "method".  I'm sure if CSTR stays
| down, it will only = be a=20 matter of time before I see and IBD write up using
| their = famous=20 20-20 hindsight to show why it was destined to fall.  = Does
|=20 anyone else see anything in the price volume action that would = lead=20 them
to
| believe that this was going to happen, or is it = the M=20 that is still not
| strong enough?
|
| Okay, now I feel = a bit=20 better after venting.  Thank you all!
|
|
| Mike = Niemotka=20 , PE
| Sr. Principal Engineer
| Baxter Healthcare = Corporation
|=20 Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel = (847)=20 270-4075
| Fax (847) 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was=20 a favorite of many Canslimers - with the problems we faced = with
|=20 buying CVH recently (too many chasing too few) we are seeing=20 similar
| results, which unfortunately are on the = downside.  You=20 mentioned that
| you got into the office late.  Remember = - there=20 are people who do this
| for a living with millions at = stake.  A=20 slight smell of weakness and
| they may sell some of their = position=20 to take some risk off the table -
| selling begets selling = and before=20 you know it CSTR is down over 20%.  We
| have been in = this=20 situation several times before - and sold quickly -
| and yes = much to=20 our chagrin - some stocks came roaring back - but in
| other = cases=20 the stock kept declining.  Throw out your ego - sell - = and
| if=20 CSTR sets up again look at buying it.  I don't want to get = too=20 deep
| into wash sale rules, but you can't take and loss on = CSTR if=20 you buy it
| back within 30 days.  Good luck
|
| = Ed=20 Gjertsen II
| ed@macktracks.com
|
| -----Original=20 Message-----
| From: owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
|=20 Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847)=20 270-4525
| michael_niemotka@baxter.com
|
|
|
| = -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
|=20 -In the email body, write "subscribe canslim" or
| = -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In the email body, write = "subscribe=20 canslim" or
-"unsubscribe canslim".  Do not use quotes = in your=20 = email.
------=_NextPart_000_004C_01C24F43.19D9C320-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] COCO Date: 29 Aug 2002 08:57:29 -0500 Hello group, Okay, so now I am watching COCO start to rise again, after I bought it a while back on what I thought was a breakout (on 6/24), and broke the 8% sale rule when it dropped like the rest of the market in July (I KNOW I KNOW, I NEED to follow the rules, no questions asked....but that is why I still consider myself a beginner!) Financial look strong, chart looks like it is breaking out of a newly formed cwh ( I KNOW I should have been out long before it went thru that correction), so what does everyone have to say? Right now I am up 10%. With M now looking like it may dip again, do I lock in some if this type of profit, or check for the next few days to see if the new run is strong? Thanks in advance Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] COCO Date: 29 Aug 2002 09:20:28 -0500 Hi Mike, I too have been watching this one, for fun only. Didn't care for the "V" cup but the action is interesting, and they reported well. Looks like it has penetrated a significant resistance area around 34.5-35, on good vol. If I was holding with 10% I wouldn't let go just yet because of that penetration. It looks a little like an LLUR that was hit by the late July sell-off that got 'bout everyone. If it resumes that trend then, just eye-balling the chart, looks like about 37 is the near-term top of the channel. My $0.02. Good luck with it. Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 8:57 AM > Hello group, > > Okay, so now I am watching COCO start to rise again, after I bought it a > while back on what I thought was a breakout (on 6/24), and broke the 8% > sale rule when it dropped like the rest of the market in July (I KNOW I > KNOW, I NEED to follow the rules, no questions asked....but that is why I > still consider myself a beginner!) > > Financial look strong, chart looks like it is breaking out of a newly > formed cwh ( I KNOW I should have been out long before it went thru that > correction), so what does everyone have to say? > > Right now I am up 10%. With M now looking like it may dip again, do I lock > in some if this type of profit, or check for the next few days to see if > the new run is strong? > > Thanks in advance > > Mike > > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] cwhcharts.com Date: 29 Aug 2002 09:23:40 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24F67.AC39CEB1 Content-Type: multipart/alternative; boundary="----_=_NextPart_002_01C24F67.AC39CEB1" ------_=_NextPart_002_01C24F67.AC39CEB1 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ed, =20 Yes, Mike Gibbons is the owner of cwhcharts.com and even though he is a = vendor technically- we let him stay because he gives us so much back! = (Group hug for Mike!)=20 -----Original Message----- Sent: Wednesday, August 28, 2002 8:22 PM Is the owner of cwhcharts.com on this board? What a great site! =20 Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Wednesday, August 28, 2002 5:25 PM =20 Hi kelly, The following link will find shallow CwH formations if you use the = correct selection parameters. http://www.cwhcharts.com/cs.php. This = will only be a subset of charts that have very shallow bases however. I used the following parameters, but got only 1 chart - ACG. You could = play around with the parameters and possibly find more. I think that the = volatility in the markets recently means that there are extremely few = stocks with flat shallow bases: =20 Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [ = mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Wednesday, August 28, 2002 11:34 AM I have a technical (computer) question regarding searching for flat = bases. I have uploaded two examples of charts the formed extreme bases = before moving up. < = http://www.kellyrshort.com/canslim/fcbp.gif> < = http://www.kellyrshort.com/canslim/ozrk.gif> How would you create a search for this type of stock (feel free to = suggest a specific search engine if it is free)? I tried creating a = search with MSN's Moneycentral Power Search that went something like = this: Today's low within 5% of Last Week close Today's low within 5% of Last Month close Today's low within 5% of Last Qtr's close What I got was something that looked like either McDonald's arches or = "UW". I would greatly appreciate anyone's thoughts on this matter, even = if that includes comments such as "Kelly- stop wasting your time" - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email.=20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_002_01C24F67.AC39CEB1 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ed,
 
Yes,=20 Mike Gibbons is the owner of = cwhcharts.com and=20 even though he is a vendor technically- we let him stay because he gives = us so=20 much back! (Group hug for Mike!)
-----Original Message-----
From: Edward W. Gjertsen = II=20 [mailto:ed@macktracks.com]
Sent: Wednesday, August 28, 2002 = 8:22=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 cwhcharts.com

Is the owner of cwhcharts.com = on this=20 board?  What a great site!

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mike=20 Gibbons
Sent: = Wednesday,=20 August 28, 2002 5:25 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] Flat = bases - a=20 question regarding searching

 

Hi kelly,

The = following=20 link will find shallow CwH formations if you use the correct selection = parameters.
http://www.cwhcharts.com/cs.php. This=20 will only be a subset of charts that have very shallow bases=20 however.

I used the following parameters, but got only 1 chart = - ACG.=20 You could play around with the parameters and possibly find more. I = think that=20 the volatility in the markets recently means that there are extremely = few=20 stocks with flat shallow bases:

 




Aloha,

Mike=20 Gibbons
Proactive Technologies, LLC
http://www.proactech.com


-----Original=20 Message-----
From: = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com<= /FONT>]On=20 Behalf Of Kelly Short
Sent: Wednesday, August 28, 2002 11:34 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Flat bases - a = question=20 regarding searching


I have a technical (computer) question=20 regarding searching for flat bases. I have uploaded two examples of = charts the=20 formed extreme bases before moving up.

<http://www.kellyrshort.com/canslim/fcbp.gif>
<http://www.kellyrshort.com/canslim/ozrk.gif>

How would = you create=20 a search for this type of stock (feel free to suggest a specific = search engine=20 if it is free)? I tried creating a search with MSN's Moneycentral = Power Search=20 that went something like this:

Today's low within 5% of Last = Week=20 close
Today's low within 5% of Last Month close
Today's low = within 5% of=20 Last Qtr's close

What I got was something that looked like = either=20 McDonald's arches or "UW". I would greatly appreciate anyone's = thoughts on=20 this matter, even if that includes comments such as "Kelly- stop = wasting your=20 time"

-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.=20

For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] COCO Date: 29 Aug 2002 09:28:56 -0500 Hi Mike, I'd also take a look at the charts of UOPX, APOL, CECO, EDMC, STRA and DV to help with your decision. Katherine ----- Original Message ----- Sent: Thursday, August 29, 2002 9:20 AM | Hi Mike, | | I too have been watching this one, for fun only. Didn't care for the "V" | cup but the action is interesting, and they reported well. Looks like it | has penetrated a significant resistance area around 34.5-35, on good vol. | If I was holding with 10% I wouldn't let go just yet because of that | penetration. It looks a little like an LLUR that was hit by the late July | sell-off that got 'bout everyone. If it resumes that trend then, just | eye-balling the chart, looks like about 37 is the near-term top of the | channel. | | My $0.02. Good luck with it. | | Norm | ----- Original Message ----- | From: | To: | Sent: Thursday, August 29, 2002 8:57 AM | Subject: [CANSLIM] COCO | | | > Hello group, | > | > Okay, so now I am watching COCO start to rise again, after I bought it a | > while back on what I thought was a breakout (on 6/24), and broke the 8% | > sale rule when it dropped like the rest of the market in July (I KNOW I | > KNOW, I NEED to follow the rules, no questions asked....but that is why I | > still consider myself a beginner!) | > | > Financial look strong, chart looks like it is breaking out of a newly | > formed cwh ( I KNOW I should have been out long before it went thru that | > correction), so what does everyone have to say? | > | > Right now I am up 10%. With M now looking like it may dip again, do I | lock | > in some if this type of profit, or check for the next few days to see if | > the new run is strong? | > | > Thanks in advance | > | > Mike | > | > | > | > Mike Niemotka , PE | > Sr. Principal Engineer | > Baxter Healthcare Corporation | > Route 120 & Wilson Road | > Round Lake, IL 60073 | > Tel (847) 270-4075 | > Fax (847) 270-4525 | > michael_niemotka@baxter.com | > | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] Shorting Date: 29 Aug 2002 09:39:46 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0045_01C24F40.03301820 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Ian - the uptick, zero tick rule prevented you from going short. If the stock traded 29.25, 29.25, 29.30 you would have been able to short - where you get filled is another issue - could have been 29.25 or 29.30. Now if 29.30's trade after the 29.30 print - you would still be able to short since this was a zero tick after an up tick. Shorting is generally done into strength (not emotionally easy) not weakness. This is why many shorter term traders stick to the ETF's - no uptick rule and for the most part, lots of liquidity. I believe this is off the subject list so if you have further trading issues I can respond privately. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ian Sent: Wednesday, August 28, 2002 10:50 PM About 10 days ago, I put in a short sale order on a stock at market when I was getting a quote of $29.25 bid X $29.30 ask. I saw several trades go by at $29.25 after my order was entered - so I assumed I was filled at that price. But they dropped the price to fill me at $29. There were definitely no ticks below my fill price. I have seen this kind of thing happen a few times too. These kind of personal observations are why I assumed that there was no uptick rule on the NAZ (I've never seen this happen on the NYSE). Ian ----- Original Message ----- Sent: Wednesday, August 28, 2002 6:59 AM The rule for shorting: NYSE, NASDAQ, AMEX - you can only short on an uptick or zero tick. The only issues you can short without this rule are the popular ETF's - QQQ, SPY, DIA, et al. This rule was implemented in 1938 to prevent "bear raids" from occurring. Ed Gjertsen II ed@macktracks.com ------=_NextPart_000_0045_01C24F40.03301820 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Ian – the uptick, zero tick = rule prevented you from going short.  If the stock traded 29.25, 29.25, = 29.30 you would have been able to short – where you get filled is = another issue – could have been 29.25 or 29.30.  Now if 29.30’s trade = after the 29.30 print – you would still be able to short since this was = a zero tick after an up tick.  Shorting is generally done into strength = (not emotionally easy) not weakness.  This is why many shorter term = traders stick to the ETF’s – no uptick rule and for the most part, lots of liquidity.  I believe this is off the subject list so if you have = further trading issues I can respond privately.

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ian
Sent: Wednesday, August = 28, 2002 10:50 PM
To: canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = Shorting

 

About 10 days ago, I put in a short sale = order on a stock at market when I was getting a quote of $29.25 bid X $29.30 ask. I = saw several trades go by at $29.25 after my order was entered - so I assumed = I was filled at that price. But they dropped the price to fill me at $29. = There were definitely no ticks below my fill price.

 

I have seen this kind of thing happen a few = times too.

 

These kind of personal observations are why I = assumed that there was no uptick rule on the NAZ (I've never seen this happen on = the NYSE).

 

Ian

 

 

----- Original Message = -----

Sent: Wednesday, August 28, 2002 6:59 AM

Subject: [CANSLIM] Shorting

 

The = rule for shorting: NYSE, NASDAQ, AMEX – you can only short on an uptick or = zero tick.  The only issues you can short without this rule are the = popular ETF’s – QQQ, SPY, DIA, et al.   This rule was implemented in = 1938 to prevent “bear raids” from occurring.  =

 

Ed = Gjertsen II

ed@macktracks.com

=
------=_NextPart_000_0045_01C24F40.03301820-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] EPIQ Date: 29 Aug 2002 10:16:07 -0500 Tom, Is there a handle forming on EPIQs erratic cup? Looks like the vol is low today; good for a handle. Also seems to have bumped up against a resistance level. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Insider Trades Date: 29 Aug 2002 10:17:16 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C24F6F.28EB0925 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, =20 That's a pretty telling story right there! I would imagine the sharp = decline in June/July is not a result of the industry going bullish all = of a sudden after their huge selloff! =20 Kelly -----Original Message----- Sent: Thursday, August 29, 2002 8:54 AM Here's one that caught my eye when reviewing the industry trends = recently: =20 http://insider.thomsonfn.com/tfn/insider.asp?imodule=3DindTearsheet = (tearsheet for Homebuilders) =20 Now *that's* some selling! =20 Katherine =20 =20 ----- Original Message -----=20 Sent: Thursday, August 29, 2002 8:17 AM I dont use it enough but I keep reminding myself to study insider = buying/selling. As a general statement I agree on insider selling not = being to important and insider buying being quite useful. I have read = that in a few different books and interviews from people I pay attention = to like Marty Zweig and Norman Fosback who wrote Stock Market Logic. = But what I need to go research is the extremes of both. In Stock Market = Wizards by Schwager he interviews Ahmet H. Okumus who says he uses = insider buying/selling extensively talking about how regular insider = activity doesnt have much predictive power but he goes and looks at the = amount bought/sold compared to the insiders net worth and things like = that and judging by his trading results it must work. But for right now = I just do a cursory glance to see if they are buying or selling but dont = use it as key decision making tool. =20 David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Thursday, August 29, 2002 7:07 AM I have always ignored insider selling as "noise", since there are many = reasons behind it (buying a house, diversifying their finances, new car, = college tuition, options in the money and about to expire, etc.) that = have nothing to do with "M", their company, or anything else we could = care about. On the other hand, I know of only two good reasons for = insiders to be a buyer - hype the stock (build confidence), or to make = money (they see it as their best investment opportunity).=20 =20 On the other hand, I have found few insiders that really understand the = markets and how the investment community behaves. And insiders that have = sold are prohibited from buying new shares within 12 months, I think, so = they can't trade their company stock. =20 A parity ratio is indeed significant, especially given corporate = governance issues today, and the new rules on disclosure about to take = affect. But we also don't want bullish sentiment, we want everyone = scared of a total collapse!! With Martha Stewart now being sued by a = shareholder for selling her own company stock (presumably in = anticipation of it tanking eventually when her Imclone trade being = revealed, which both happened later), I also wonder how many insiders = may be deciding not to sell for fear of perception, especially if they = know there is anything questionable. =20 Oh, I am so cynical these days!!! Guess that's what happens when I get = stopped out on two stocks in just one day, and I don't normally even use = hard stops. =20 ----- Original Message -----=20 Sent: Thursday, August 29, 2002 8:52 AM Hi All, =20 This excerpt is from John Mendelson's Weekly report (Schwab Capital = Markets). I thought it interesting from a CANSLIM point of view, as = insider trading patterns are one of the secondary indicators under = buying/selling strategies. As insiders will be required to report more = quickly, I wonder if this will create more "noise" or provide more = information when looking at the charts. Thought I'd also include a link = for my favorite insider tracking site: = http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdcg6divt9fsuu5a= wkj. =20 --Katherine =3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D Some recent market statistics look encouraging. Corporate executives = appear to be more optimistic on their own companies as the insider trading data for the week ended = August 16, 2002 showed a parity of sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 ratio of = sales to purchases two months ago, according to Vickers Weekly Insider Report. Ratios close to 1 to 1 = between insider sales and purchases have been very unusual over the past thirty years with these events producing = a gain of about 30% in the popular market averages over the next year. An classic example of the insider = trading ratio dropping to around parity was the 1.18 reading for the week ended August 20, 1982, just after a = major bottom in the market. The recent August 16 ratio was three weeks after the July 24, 2002 low. Since most = corporate insiders acquire their stock in grants or by exercising options rather than by outright = purchases and because executives buy homes, educate children etc., selling normally outweighs buying. For years, I = have believed a ratio of less than 2 to 1 is a bullish sign....as noted above, the latest reading is 1.01 to 1. = This indicator may become even more=20 useful, as next month companies will be required to report insider = trades within two days of execution rather than the current regulation of reporting by the 10th of the month. _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 ------_=_NextPart_001_01C24F6F.28EB0925 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
That's=20 a pretty telling story right there! I would imagine the sharp decline in = June/July is not a result of the industry going bullish all of a sudden = after=20 their huge selloff!
 
Kelly
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Thursday, August 29, 2002 = 8:54=20 AM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Insider Trades

Here's one that caught my eye when reviewing the industry trends=20 recently:
 
http://insider.thomsonfn.com/tfn/insider.asp?imodule=3DindTearsheet (tearsheet=20 for Homebuilders)
 
Now *that's* some selling!
 
Katherine
 
 
----- Original Message -----
From:=20 David Taggart
Sent: Thursday, August 29, = 2002 8:17=20 AM
Subject: RE: [CANSLIM] = Insider=20 Trades

I=20 dont use it enough but I keep reminding myself to study insider=20 buying/selling.  As a general statement I agree on insider = selling not=20 being to important and insider buying being quite useful.  I = have read=20 that in a few different books and interviews from people I pay = attention to=20 like Marty Zweig and Norman Fosback who wrote Stock Market = Logic.  But=20 what I need to go research is the extremes of both.  In Stock = Market=20 Wizards by Schwager he interviews Ahmet H. Okumus who says he uses insider=20 buying/selling  extensively talking about how regular insider = activity=20 doesnt have much predictive power but he goes and looks at the = amount=20 bought/sold compared to the insiders net worth and things like that = and=20 judging by his trading results it must work.  But for right now = I just=20 do a cursory glance to see if they are buying or selling but dont = use it as=20 key decision making tool.
 
David=20 Taggart
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Thursday, August 29, 2002 7:07 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Insider=20 Trades

I have always ignored insider selling as = "noise",=20 since there are many reasons behind it (buying a house, = diversifying their=20 finances, new car, college tuition, options in the money and about = to=20 expire, etc.) that have nothing to do with "M", their company, or = anything=20 else we could care about. On the other hand, I know of only two = good=20 reasons for insiders to be a buyer - hype the stock (build = confidence), or=20 to make money (they see it as their best investment=20 opportunity).
 
On the other hand, I have found few = insiders=20 that really understand the markets and how the investment = community=20 behaves. And insiders that have sold are prohibited from = buying new=20 shares within 12 months, I think, so they can't trade their = company=20 stock.
 
A parity ratio is indeed significant, = especially=20 given corporate governance issues today, and the new rules on = disclosure=20 about to take affect. But we also = don't want=20 bullish sentiment, we want everyone scared of a total collapse!! = With=20 Martha Stewart now being sued by a shareholder for selling her own = company=20 stock (presumably in anticipation of it tanking eventually when = her=20 Imclone trade being revealed, which both happened later), I also = wonder=20 how many insiders may be deciding not to sell for fear of = perception,=20 especially if they know there is anything = questionable.
 
Oh, I am so cynical these days!!! Guess = that's what=20 happens when I get stopped out on two stocks in just one day, and = I don't=20 normally even use hard stops.
 
----- Original Message -----
From: = Katherine=20 Malm
Sent: Thursday, August 29, 2002 8:52 AM
Subject: [CANSLIM] Insider Trades

Hi All,
 
This excerpt is from John Mendelson's Weekly report (Schwab = Capital=20 Markets). I thought it interesting from a CANSLIM point of view, = as=20 insider trading patterns are one of the secondary indicators = under=20 buying/selling strategies. As insiders will be required to report = more=20 quickly, I wonder if this will create more "noise" or provide more = information when looking at the charts. Thought I'd also include a = link=20 for my favorite insider tracking site: http://insider.thomsonfn.com/tfn/insider.asp?linkcode=3D7rdc= g6divt9fsuu5awkj.
 
--Katherine
=3D=3D=3D=3D=3D=3D=3D=3DMendelson Excerpt (highlighting is = mine)=3D=3D=3D=3D=3D=3D=3D=3D=3D

Some recent market statistics look encouraging. Corporate = executives=20 appear to be more optimistic

on their own companies as the insider trading data for the week = ended=20 August 16, 2002 showed a parity of

sales to purchases (a ratio of 1.01), as opposed to the 4 to 1 = ratio of=20 sales to purchases two months ago,

according to Vickers Weekly Insider Report. Ratios close to 1 = to 1=20 between insider sales and purchases have

been very unusual over the past thirty years with these events=20 producing a gain of about 30% in the popular

market averages over the next year. An classic example of the = insider=20 trading ratio dropping to around parity

was the 1.18 reading for the week ended August 20, 1982, just = after a=20 major bottom in the market. The recent

August 16 ratio was three weeks after the July 24, 2002 low. = Since most=20 corporate insiders acquire their

stock in grants or by exercising options rather than by = outright=20 purchases and because executives buy homes,

educate children etc., selling normally outweighs buying. For = years, I=20 have believed a ratio of less than 2 to 1

is a bullish sign....as noted above, the latest reading is 1.01 = to 1.=20 This indicator may become even more

useful, as next month companies will = be=20 required to report insider trades within two days of execution=20 rather

than the current regulation of = reporting by the=20 10th of the month.

For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

------_=_NextPart_001_01C24F6F.28EB0925-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "DAVID KELLER, BLOOMBERG/ 499 PARK" Subject: [CANSLIM] Intro: David Keller Date: 29 Aug 2002 16:08:55 -0400 (EDT) Hello everyone. My name's Dave Keller- my wife and I live and work in Manhattan. I'm a technical analysis specialist with Bloomberg LP. Very interested in CANSLIM as an investment philosophy. Happy to be in the group. David C. Keller Product Training Specialist Bloomberg LP - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Intro: David Keller Date: 29 Aug 2002 14:12:11 -0600 Welcome to the list David. I am a long time fan of Bloomberg LP and all of its products. David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of DAVID KELLER, BLOOMBERG/ 499 PARK Sent: Thursday, August 29, 2002 2:09 PM Hello everyone. My name's Dave Keller- my wife and I live and work in Manhattan. I'm a technical analysis specialist with Bloomberg LP. Very interested in CANSLIM as an investment philosophy. Happy to be in the group. David C. Keller Product Training Specialist Bloomberg LP - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: FW: [CANSLIM] Commonly used references on the list Date: 29 Aug 2002 14:19:31 -0600 This is a multi-part message in MIME format. ------=_NextPart_000_001E_01C24F67.1741F6E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Here is a useful list for people new to the list -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Wednesday, May 01, 2002 8:33 PM Commonly used abbreviations: WON = William O'Neil, originator of CANSLIM HTMMIS = "How to Make Money in Stocks" by William J. O'Neil IBD = Investors Business Daily (www.investors.com) BO or B/O = Breakout MA = Moving Average dMA = days Moving Average VR = Virtual Reality fund M = Market ( the "M" in CANSLIM) N = New (the "N" in CANSLIM) LOL = Laughing Out Loud DD= Due Diligence IBD/CANSLIM Proprietary Rankings: GRS = Group Relative Strength RS = Relative Strength EPS = Earnings per Share Rank SMR = Sales/Margins/ROE A/D = Accumulation/Distribution Accounting/Finance Abbreviations: BS or B/S = Balance Sheet IS or I/S = Income Statement cflo = Cash Flow Pro Forma earnings = http://www.sec.gov/investor/pubs/proforma12-4.htm D/E = Debt to Equity PE or P/E = Price to Earnings ratio Commonly discussed technical patterns: LLUR = Lower Left Upper Right -- essentially a stock in an uptrend that moves within a tight channel (this is *not* a base) A Base = Ascending Base C&H or CwH = Cup and Handle HTF = High Tight Flag Flat Base Double Bottoms Commonly discussed software/tools: DGO= DailyGraphs Online ( www.dailygraphs.com) QP2 = Quotes Plus (www.qp2.com) HGSI = High Growth Stock Investing (www.highgrowthstock.com) TC2000 = Worden Brothers TC2000 technical analysis software (http://www.tc2000.com) VV= VectorVest (www.vectorvest.com) Favorite free sites for stock scanning: http://moneycentral.msn.com/investor/finder/predefstocks.asp Favorite free sites for charting: www.stockcharts.com www.bigcharts.com http://www.moneycentral.msn.com/investor/charts/charting.asp?Symbol=csco Favorite free sites for due diligence: Company's web site http://biz.yahoo.com/p/c/csco.html ------=_NextPart_000_001E_01C24F67.1741F6E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Here=20 is a useful list for people new to the list
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On=20 Behalf Of Katherine Malm
Sent: Wednesday, May 01, 2002 = 8:33=20 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] = Commonly used references on the list

Commonly used abbreviations:
WON =3D William O'Neil, originator of CANSLIM
HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil
IBD =3D Investors Business Daily  (www.investors.com)
BO or B/O =3D Breakout
MA =3D Moving Average
dMA =3D days Moving Average
VR =3D Virtual Reality fund
M =3D Market ( the "M" in CANSLIM)
N =3D New (the "N" in CANSLIM)
LOL =3D Laughing Out Loud
DD=3D Due Diligence
 
IBD/CANSLIM Proprietary Rankings:
GRS =3D Group Relative Strength
RS =3D Relative Strength
EPS =3D Earnings per Share Rank
SMR =3D Sales/Margins/ROE
A/D =3D Accumulation/Distribution
 
Accounting/Finance Abbreviations:
BS or B/S =3D Balance Sheet
IS or I/S =3D Income Statement
cflo =3D Cash Flow
Pro Forma earnings =3D http://www.sec= .gov/investor/pubs/proforma12-4.htm
D/E =3D Debt to Equity
PE or P/E =3D Price to Earnings ratio
 
Commonly discussed technical patterns:
LLUR =3D Lower Left Upper Right -- essentially a stock in an = uptrend=20 that moves within a tight channel (this is *not* a base)
A Base =3D Ascending Base
C&H or CwH =3D Cup and Handle
HTF =3D High Tight Flag
Flat Base
Double Bottoms
 
Commonly discussed software/tools:
DGO=3D DailyGraphs Online  ( www.dailygraphs.com)
QP2 =3D Quotes Plus (www.qp2.com)
HGSI =3D High Growth Stock Investing (www.highgrowthstock.com)
TC2000 =3D  Worden Brothers TC2000 technical analysis software = (http://www.tc2000.com)
VV=3D VectorVest (www.vectorvest.com)
 
Favorite free sites for stock scanning:
htt= p://moneycentral.msn.com/investor/finder/predefstocks.asp
 
Favorite free sites for charting:
http://www.moneycentral.msn.com/investor/charts/charting.asp?S= ymbol=3Dcsco
 
Favorite free sites for due diligence:
Company's web site
http://biz.yahoo.com/p/c/csco= .html
------=_NextPart_000_001E_01C24F67.1741F6E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 15:27:25 -0500 All, I know it's a little (OK a lot) off topic, but is interesting. For those of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has apparently called this one perfectly. He predicted a turn window or 910-913. Today it turned at 911.06. For now, his crystal ball is working. For those of you who are not subscribed I copied last nights forecast below. Norm Once again today could be the bottom, as we came within a whisker of the 910-913 target range, and both of my short term cycle indicators are suggesting that a turn is imminent. While the next target level of 876-884 is still a possibility, at this point I would have to say that it is not very likely that we will go that low. The 910-913 range has emerged as the high probability target for the termination of this short term down move. The most likely scenario for tomorrow would be a move slightly lower into the target range or just below before the market terminates the move, and begins to go higher. The second most likely scenario is that the market will open higher and continue to move higher from there. And the third most likely scenario would be a continuation of the down move possibly as low as 900, with an intra-day reversal featuring a closing price above at least 911. Each of these scenarios involves the 910-913 target range. Despite the high probability that we are about to make a turn and not likely to go much lower, until we see the turn confirmation signal this market could still reach the lower target range E - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 15:36:04 -0500 Norm, I was commenting at lunch at perfectly he called it today and yesterday. = Almost to the hour. I wonder if he tracks the success of his = predictions. Kelly -----Original Message----- Sent: Thursday, August 29, 2002 3:27 PM All, I know it's a little (OK a lot) off topic, but is interesting. For = those of you who subscribed to Ernie's S&P 500 forecasts, did you notice he = has apparently called this one perfectly. He predicted a turn window or 910-913. Today it turned at 911.06. For now, his crystal ball is = working. For those of you who are not subscribed I copied last nights forecast = below. Norm Once again today could be the bottom, as we came within a whisker of the 910-913 target range, and both of my short term cycle indicators are suggesting that a turn is imminent. While the next target level of = 876-884 is still a possibility, at this point I would have to say that it is not very likely that we will go that low. The 910-913 range has emerged as the high probability target for the termination of this short term down move. The most likely scenario for tomorrow would be a move slightly lower into the target range or just = below before the market terminates the move, and begins to go higher. The = second most likely scenario is that the market will open higher and continue to move higher from there. And the third most likely scenario would be a continuation of the down move possibly as low as 900, with an intra-day reversal featuring a closing price above at least 911. Each of these scenarios involves the 910-913 target range. Despite the high probability that we are about to make a turn and not = likely to go much lower, until we see the turn confirmation signal this market could still reach the lower target range E - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 15:42:47 -0500 Kelley, I bet he sits on the edge of his seat when the M gets near his target. In some of his mail-outs he comments on his success or failure; so he watches, closely, refining his technique. Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 3:36 PM Norm, I was commenting at lunch at perfectly he called it today and yesterday. Almost to the hour. I wonder if he tracks the success of his predictions. Kelly -----Original Message----- Sent: Thursday, August 29, 2002 3:27 PM All, I know it's a little (OK a lot) off topic, but is interesting. For those of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has apparently called this one perfectly. He predicted a turn window or 910-913. Today it turned at 911.06. For now, his crystal ball is working. For those of you who are not subscribed I copied last nights forecast below. Norm Once again today could be the bottom, as we came within a whisker of the 910-913 target range, and both of my short term cycle indicators are suggesting that a turn is imminent. While the next target level of 876-884 is still a possibility, at this point I would have to say that it is not very likely that we will go that low. The 910-913 range has emerged as the high probability target for the termination of this short term down move. The most likely scenario for tomorrow would be a move slightly lower into the target range or just below before the market terminates the move, and begins to go higher. The second most likely scenario is that the market will open higher and continue to move higher from there. And the third most likely scenario would be a continuation of the down move possibly as low as 900, with an intra-day reversal featuring a closing price above at least 911. Each of these scenarios involves the 910-913 target range. Despite the high probability that we are about to make a turn and not likely to go much lower, until we see the turn confirmation signal this market could still reach the lower target range E - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 11:01:01 -1000 Norm and kelly, I don't want to be picky, but the S&P 500 sank to below 905 at about 10:00. It then rose and fell again with a turn later in the day at 911. So the turn was actually lower than Ernie predicted. That said, I do agree that Ernie's forecasts since I've been following them have certainly been on the money and within what I would consider "experimental error". However, I have the same kind of feeling about Elliot Wave Theory as Einstein had about the uncertainty principal - without a rational explanation for why it works (if it does reliably), its hard to believe in it. I can understand fibonacci numbers recurring frequently in nature because they could be somehow encoded in DNA, but I have a hard time seeing how they could apply to the stock market. But then again, I haven't put any time into trying to understand the causal connection and my comments are based largely on ignorance. If any member of the group can explain a possible causal relationship, I would find that helpful. Also, why is this off topic? Understanding M is fundamental to CANSLIM because 75% of stocks go with the flow. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Thursday, August 29, 2002 10:36 AM Norm, I was commenting at lunch at perfectly he called it today and yesterday. Almost to the hour. I wonder if he tracks the success of his predictions. Kelly -----Original Message----- Sent: Thursday, August 29, 2002 3:27 PM All, I know it's a little (OK a lot) off topic, but is interesting. For those of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has apparently called this one perfectly. He predicted a turn window or 910-913. Today it turned at 911.06. For now, his crystal ball is working. For those of you who are not subscribed I copied last nights forecast below. Norm Once again today could be the bottom, as we came within a whisker of the 910-913 target range, and both of my short term cycle indicators are suggesting that a turn is imminent. While the next target level of 876-884 is still a possibility, at this point I would have to say that it is not very likely that we will go that low. The 910-913 range has emerged as the high probability target for the termination of this short term down move. The most likely scenario for tomorrow would be a move slightly lower into the target range or just below before the market terminates the move, and begins to go higher. The second most likely scenario is that the market will open higher and continue to move higher from there. And the third most likely scenario would be a continuation of the down move possibly as low as 900, with an intra-day reversal featuring a closing price above at least 911. Each of these scenarios involves the 910-913 target range. Despite the high probability that we are about to make a turn and not likely to go much lower, until we see the turn confirmation signal this market could still reach the lower target range E - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 16:14:13 -0500 Hi Maui Mike, OK, on topic and out of the shadows The investors.com chart shows a low of 911.06. I know that sometimes there are trades that confound the charting sites, so where can I get the same info you have? As for encoding Fib lines in DNA; that's a little far fetched even for this Trekker to consider My ecology understanding dictates that genes survive by increasing the reproductive success of the species. Now I can think "outside of the box" as good as the next scientist, but this one doesn't seem to be in the same room with the box Looks like an observation has been made, now you have postulated a theory, who's gonna test it Elliot wave theory is 'nother story and one that I don't have enuf knowledge to address at this time. There, now *that's* OT! Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 4:01 PM > Norm and kelly, > > I don't want to be picky, but the S&P 500 sank to below 905 at about 10:00. > It then rose and fell again with a turn later in the day at 911. So the turn > was actually lower than Ernie predicted. > > That said, I do agree that Ernie's forecasts since I've been following them > have certainly been on the money and within what I would consider > "experimental error". > > However, I have the same kind of feeling about Elliot Wave Theory as > Einstein had about the uncertainty principal - without a rational > explanation for why it works (if it does reliably), its hard to believe in > it. > > I can understand fibonacci numbers recurring frequently in nature because > they could be somehow encoded in DNA, but I have a hard time seeing how they > could apply to the stock market. But then again, I haven't put any time into > trying to understand the causal connection and my comments are based largely > on ignorance. If any member of the group can explain a possible causal > relationship, I would find that helpful. > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > because 75% of stocks go with the flow. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > Sent: Thursday, August 29, 2002 10:36 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Ernie's Forecasts > > > Norm, > > I was commenting at lunch at perfectly he called it today and yesterday. > Almost to the hour. I wonder if he tracks the success of his predictions. > > Kelly > > -----Original Message----- > From: Norman [mailto:theboyd@tisd.net] > Sent: Thursday, August 29, 2002 3:27 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Ernie's Forecasts > > > All, > > I know it's a little (OK a lot) off topic, but is interesting. For those > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > apparently called this one perfectly. He predicted a turn window or > 910-913. Today it turned at 911.06. For now, his crystal ball is working. > For those of you who are not subscribed I copied last nights forecast below. > > Norm > > > Once again today could be the bottom, as we came within a whisker of the > 910-913 target range, and both of my short term cycle indicators are > suggesting that a turn is imminent. While the next target level of 876-884 > is still a possibility, at this point I would have to say that it is not > very likely that we will go that low. > > > > The 910-913 range has emerged as the high probability target for the > termination of this short term down move. The most likely scenario for > tomorrow would be a move slightly lower into the target range or just below > before the market terminates the move, and begins to go higher. The second > most likely scenario is that the market will open higher and continue to > move higher from there. And the third most likely scenario would be a > continuation of the down move possibly as low as 900, with an intra-day > reversal featuring a closing price above at least 911. Each of these > scenarios involves the 910-913 target range. > > > > Despite the high probability that we are about to make a turn and not likely > to go much lower, until we see the turn confirmation signal this market > could still reach the lower target range > > > > E > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > ____________________________________________________________________________ > For your protection, this e-mail message has been scanned for viruses. > Visit us at http://www.neoris.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: [CANSLIM] New Member Date: 29 Aug 2002 17:35:51 EDT --part1_1ac.79ad10d.2a9fedb7_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I'm excited to have found this site. I have been trading options for about 2 years and want to learn about trading stocks. I have a friend that takes the HGSI newsletter because they appear to have a very unique way of explaining investing terminology. For example, they originated the term LLUR and the author has a way of helping me understand. Does this site have a library of terminology that goes into detail like this example? _____________________________________ LLUR is short form for Lower Left to Upper Right. If you look at a chart pattern and it goes straight as an arrow from the lower left hand side of the page to the upper right hand side, hugging its moving averages you have an LLUR! Take a look at PETM - Petsmart when it did just that from September of last year to June of this year, before it finally broke down and paused to refresh. These are good beasts as you sleep easy as you ride them. The 405 Freeway (DTL) - Those of us who live out here on the West Coast in Los Angeles, enjoy riding a nightmare of a Freeway out here in the rush hour which goes essentially diagonally from Upper Left to Lower Right (ULLR if you like) as it meanders from Santa Monica in the North Wast to San Diego in the South East. If you draw a downtrendline (DTL) which connects the highs of a chart pattern of a stock that has corrected, and the stock then rises to break upwards through that line, you are buying North of the 405 Freeway - a healthy situation! I am sure you are none the wiser, but as it so happens I have just finished a five page discussion on the Case Study you have seen mentioned on the bb, and if you look at that attachment to that note just put up, you will see the 405 Freeway depicted on the charts in that study. Welcome aboard, and good hunting. Regards, Ian. ____________________ Wyndy --part1_1ac.79ad10d.2a9fedb7_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I'm excited to have found this site. I have been trading options for about 2 years and want to learn about trading stocks. I have a friend that takes the HGSI newsletter because they appear to have a very unique way of explaining investing terminology. For example, they originated the term LLUR and the author has a way of helping me understand. Does this site have a library of terminology that goes into detail like this example?
_____________________________________

LLUR is short form for Lower Left to Upper Right.  If you look at a chart pattern and it goes straight as an arrow from the lower left hand side of the page to the upper right hand side, hugging its moving averages you have an LLUR!  Take a look at PETM - Petsmart when it did just that from September of last year to June of this year, before it finally broke down and paused to refresh.  These are good beasts as you sleep easy as you ride them. 

The 405 Freeway (DTL) - Those of us who live out here on the West Coast in Los Angeles, enjoy riding a nightmare of a Freeway out here in the rush hour which goes essentially diagonally from Upper Left to Lower Right (ULLR if you like) as it meanders from Santa Monica in the North Wast to San Diego in the South East.  If you draw a downtrendline (DTL) which connects the highs of a chart pattern of a stock that has corrected, and the stock then rises to break upwards through that line, you are buying North of the 405 Freeway - a healthy situation!  I am sure you are none the wiser, but as it so happens I have just finished a five page discussion on the Case Study you have seen mentioned on the bb, and if you look at that attachment to that note just put up, you will see the 405 Freeway depicted on the charts in that study.  Welcome aboard, and good hunting.  Regards, Ian.

                                       ____________________

Wyndy



 --part1_1ac.79ad10d.2a9fedb7_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 15:58:19 -0600 Norm, Fibonacci ratios are found throughout nature. http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being said I dont use them much. David Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Thursday, August 29, 2002 3:14 PM Hi Maui Mike, OK, on topic and out of the shadows The investors.com chart shows a low of 911.06. I know that sometimes there are trades that confound the charting sites, so where can I get the same info you have? As for encoding Fib lines in DNA; that's a little far fetched even for this Trekker to consider My ecology understanding dictates that genes survive by increasing the reproductive success of the species. Now I can think "outside of the box" as good as the next scientist, but this one doesn't seem to be in the same room with the box Looks like an observation has been made, now you have postulated a theory, who's gonna test it Elliot wave theory is 'nother story and one that I don't have enuf knowledge to address at this time. There, now *that's* OT! Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 4:01 PM > Norm and kelly, > > I don't want to be picky, but the S&P 500 sank to below 905 at about 10:00. > It then rose and fell again with a turn later in the day at 911. So the turn > was actually lower than Ernie predicted. > > That said, I do agree that Ernie's forecasts since I've been following them > have certainly been on the money and within what I would consider > "experimental error". > > However, I have the same kind of feeling about Elliot Wave Theory as > Einstein had about the uncertainty principal - without a rational > explanation for why it works (if it does reliably), its hard to believe in > it. > > I can understand fibonacci numbers recurring frequently in nature because > they could be somehow encoded in DNA, but I have a hard time seeing how they > could apply to the stock market. But then again, I haven't put any time into > trying to understand the causal connection and my comments are based largely > on ignorance. If any member of the group can explain a possible causal > relationship, I would find that helpful. > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > because 75% of stocks go with the flow. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > Sent: Thursday, August 29, 2002 10:36 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Ernie's Forecasts > > > Norm, > > I was commenting at lunch at perfectly he called it today and yesterday. > Almost to the hour. I wonder if he tracks the success of his predictions. > > Kelly > > -----Original Message----- > From: Norman [mailto:theboyd@tisd.net] > Sent: Thursday, August 29, 2002 3:27 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Ernie's Forecasts > > > All, > > I know it's a little (OK a lot) off topic, but is interesting. For those > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > apparently called this one perfectly. He predicted a turn window or > 910-913. Today it turned at 911.06. For now, his crystal ball is working. > For those of you who are not subscribed I copied last nights forecast below. > > Norm > > > Once again today could be the bottom, as we came within a whisker of the > 910-913 target range, and both of my short term cycle indicators are > suggesting that a turn is imminent. While the next target level of 876-884 > is still a possibility, at this point I would have to say that it is not > very likely that we will go that low. > > > > The 910-913 range has emerged as the high probability target for the > termination of this short term down move. The most likely scenario for > tomorrow would be a move slightly lower into the target range or just below > before the market terminates the move, and begins to go higher. The second > most likely scenario is that the market will open higher and continue to > move higher from there. And the third most likely scenario would be a > continuation of the down move possibly as low as 900, with an intra-day > reversal featuring a closing price above at least 911. Each of these > scenarios involves the 910-913 target range. > > > > Despite the high probability that we are about to make a turn and not likely > to go much lower, until we see the turn confirmation signal this market > could still reach the lower target range > > > > E > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > ____________________________________________________________________________ > For your protection, this e-mail message has been scanned for viruses. > Visit us at http://www.neoris.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 12:04:37 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0095_01C24F54.3F7562E0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0096_01C24F54.3F7562E0" ------=_NextPart_001_0096_01C24F54.3F7562E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Norm, My information came from quotetracker as follows: As for my hypothesis about DNA and fibonacci numbers: DNA transmits the code by which every organsim develops. So the "shape" of a plant for example is determined by its DNA. I recall (although its been a long time ) that fibonacci numbers are found, for example, in the number of leaves on a fern frond. In other words, that fibonacci pattern must have been encoded in the DNA in some way. Presumanbly, also, ferns with that DNA pattern were "fitter" for survival than ferns that didn't have fibonacci numbers encoded in their DNA. Now we are definitely off topic, but I enjoy a little intellectual diversion sometimes. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Thursday, August 29, 2002 11:14 AM Hi Maui Mike, OK, on topic and out of the shadows The investors.com chart shows a low of 911.06. I know that sometimes there are trades that confound the charting sites, so where can I get the same info you have? As for encoding Fib lines in DNA; that's a little far fetched even for this Trekker to consider My ecology understanding dictates that genes survive by increasing the reproductive success of the species. Now I can think "outside of the box" as good as the next scientist, but this one doesn't seem to be in the same room with the box Looks like an observation has been made, now you have postulated a theory, who's gonna test it Elliot wave theory is 'nother story and one that I don't have enuf knowledge to address at this time. There, now *that's* OT! Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 4:01 PM > Norm and kelly, > > I don't want to be picky, but the S&P 500 sank to below 905 at about 10:00. > It then rose and fell again with a turn later in the day at 911. So the turn > was actually lower than Ernie predicted. > > That said, I do agree that Ernie's forecasts since I've been following them > have certainly been on the money and within what I would consider > "experimental error". > > However, I have the same kind of feeling about Elliot Wave Theory as > Einstein had about the uncertainty principal - without a rational > explanation for why it works (if it does reliably), its hard to believe in > it. > > I can understand fibonacci numbers recurring frequently in nature because > they could be somehow encoded in DNA, but I have a hard time seeing how they > could apply to the stock market. But then again, I haven't put any time into > trying to understand the causal connection and my comments are based largely > on ignorance. If any member of the group can explain a possible causal > relationship, I would find that helpful. > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > because 75% of stocks go with the flow. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > Sent: Thursday, August 29, 2002 10:36 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Ernie's Forecasts > > > Norm, > > I was commenting at lunch at perfectly he called it today and yesterday. > Almost to the hour. I wonder if he tracks the success of his predictions. > > Kelly > > -----Original Message----- > From: Norman [mailto:theboyd@tisd.net] > Sent: Thursday, August 29, 2002 3:27 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Ernie's Forecasts > > > All, > > I know it's a little (OK a lot) off topic, but is interesting. For those > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > apparently called this one perfectly. He predicted a turn window or > 910-913. Today it turned at 911.06. For now, his crystal ball is working. > For those of you who are not subscribed I copied last nights forecast below. > > Norm > > > Once again today could be the bottom, as we came within a whisker of the > 910-913 target range, and both of my short term cycle indicators are > suggesting that a turn is imminent. While the next target level of 876-884 > is still a possibility, at this point I would have to say that it is not > very likely that we will go that low. > > > > The 910-913 range has emerged as the high probability target for the > termination of this short term down move. The most likely scenario for > tomorrow would be a move slightly lower into the target range or just below > before the market terminates the move, and begins to go higher. The second > most likely scenario is that the market will open higher and continue to > move higher from there. And the third most likely scenario would be a > continuation of the down move possibly as low as 900, with an intra-day > reversal featuring a closing price above at least 911. Each of these > scenarios involves the 910-913 target range. > > > > Despite the high probability that we are about to make a turn and not likely > to go much lower, until we see the turn confirmation signal this market > could still reach the lower target range > > > > E > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > ____________________________________________________________________________ > For your protection, this e-mail message has been scanned for viruses. > Visit us at http://www.neoris.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0096_01C24F54.3F7562E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi Norm,

My information = came from=20 quotetracker as follows:

3D""

As for my = hypothesis=20 about DNA and fibonacci numbers: DNA transmits the code by which = every=20 organsim develops. So the "shape" of a plant for example is determined = by its=20 DNA. I recall (although its been a long time ) that fibonacci numbers = are found,=20 for example, in the number of leaves on a fern frond. In other = words, that=20 fibonacci pattern must have been encoded in the DNA in some way. = Presumanbly,=20 also, ferns with that DNA pattern were "fitter" for survival than ferns = that=20 didn't have fibonacci numbers encoded in their DNA. Now we are = definitely off=20 topic, but I enjoy a little intellectual diversion=20 sometimes.

Aloha,

Mike Gibbons
Proactive Technologies,=20 LLC
http://www.proactech.com


-----Original Message-----
From:=20 owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman
Sent: Thursday, August 29, 2002 = 11:14=20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Ernie's=20 Forecasts


Hi Maui Mike,

OK, on topic and out of the=20 shadows<G>  The investors.com chart shows a low
of = 911.06.  I=20 know that sometimes there are trades that confound the
charting = sites, so=20 where can I get the same info you have?

As for encoding Fib lines = in DNA;=20 that's a little far fetched even for this
Trekker to = consider<G> =20 My ecology understanding dictates that genes survive
by increasing = the=20 reproductive success of the species.  Now I can think
"outside = of the=20 box" as good as the next scientist, but this one doesn't
seem to be = in the=20 same room with the box<g>  Looks like an observation = has
been=20 made, now you have postulated a theory, who's gonna test=20 it<G>

Elliot wave theory is 'nother story and one that I = don't have=20 enuf knowledge
to address at this time.

There, now *that's*=20 OT!

Norm
----- Original Message -----
From: "Mike Gibbons"=20 <mikegibbons@proactech.com>
To:=20 <canslim@lists.xmission.com>
Sent: Thursday, August 29, 2002 = 4:01=20 PM
Subject: RE: [CANSLIM] Ernie's Forecasts


> Norm and=20 kelly,
>
> I don't want to be picky, but the S&P 500 = sank to=20 below 905 at about
10:00.
> It then rose and fell again with a = turn=20 later in the day at 911. So the
turn
> was actually lower than = Ernie=20 predicted.
>
> That said, I do agree that Ernie's forecasts = since=20 I've been following
them
> have certainly been on the money and = within=20 what I would consider
> "experimental error".
>
> = However, I=20 have the same kind of feeling about Elliot Wave Theory as
> = Einstein had=20 about the uncertainty principal - without a rational
> explanation = for why=20 it works (if it does reliably), its hard to believe in
>=20 it.
>
> I can understand fibonacci numbers recurring = frequently in=20 nature because
> they could be somehow encoded in DNA, but I have = a hard=20 time seeing how
they
> could apply to the stock market. But = then again,=20 I haven't put any time
into
> trying to understand the causal=20 connection and my comments are based
largely
> on ignorance. If = any=20 member of the group can explain a possible causal
> relationship, = I would=20 find that helpful.
>
> Also, why is this off topic? = Understanding M=20 is fundamental to CANSLIM
> because 75% of stocks go with the=20 flow.
>
> Aloha,
>
> Mike Gibbons
> = Proactive=20 Technologies, LLC
> http://www.proactech.com
>
>
> -----Original Message-----
> = owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
> Sent: Thursday, August = 29, 2002=20 10:36 AM
> To: canslim@lists.xmission.com
> Subject: RE: = [CANSLIM]=20 Ernie's Forecasts
>
>
> Norm,
>
> I was = commenting=20 at lunch at perfectly he called it today and yesterday.
> Almost = to the=20 hour. I wonder if he tracks the success of his = predictions.
>
>=20 Kelly
>
> -----Original Message-----
> From: Norman = [mailto:theboyd@tisd.net]
> Sent:=20 Thursday, August 29, 2002 3:27 PM
> To: = canslim@lists.xmission.com
>=20 All,
>
> I know it's a little (OK a lot<G>) off topic, = but is=20 interesting.  For
those
> of you who subscribed to Ernie's = S&P=20 500 forecasts, did you notice he has
> apparently called this one=20 perfectly.  He predicted a turn window or
> 910-913.  = Today it=20 turned at 911.06.  For now, his crystal ball is
working.
> = For=20 those of you who are not subscribed I copied last nights=20 forecast
below.
>
> Norm
>
>
> Once = again today=20 could be the bottom, as we came within a whisker of the
> 910-913 = target=20 range, and both of my short term cycle indicators are
> suggesting = that a=20 turn is imminent. While the next target level of 876-884
> is = still a=20 possibility, at this point I would have to say that it is not
> = very=20 likely that we will go that low.
>
>
>
> The = 910-913=20 range has emerged as the high probability target for the
> = termination of=20 this short term down move. The most likely scenario for
> tomorrow = would=20 be a move slightly lower into the target range or just
below
> = before=20 the market terminates the move, and begins to go higher. The = second
> most=20 likely scenario is that the market will open higher and continue = to
> move=20 higher from there. And the third most likely scenario would be a
> = continuation of the down move possibly as low as 900, with an = intra-day
>=20 reversal featuring a closing price above at least 911. Each of = these
>=20 scenarios involves the 910-913 target = range.
>
>
>
>=20 Despite the high probability that we are about to make a turn and=20 not
likely
> to go much lower, until we see the turn = confirmation=20 signal this market
> could still reach the lower target=20 range
>
>
>
> E
>
>
>
>=20 -
> -To subscribe/unsubscribe, email = "majordomo@xmission.com"
> -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>
_______________________________________________= _____________________________
>=20 For your protection, this e-mail message has been scanned for = viruses.
>=20 Visit us at http://www.neoris.com/
>
>=20 -
> -To subscribe/unsubscribe, email = "majordomo@xmission.com"
> -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.
>
>
> = -
> -To subscribe/unsubscribe, email = "majordomo@xmission.com"
> -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 12:07:40 -1000 Thanks Dave, great reference. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart Sent: Thursday, August 29, 2002 11:58 AM Norm, Fibonacci ratios are found throughout nature. http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being said I dont use them much. David Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Thursday, August 29, 2002 3:14 PM Hi Maui Mike, OK, on topic and out of the shadows The investors.com chart shows a low of 911.06. I know that sometimes there are trades that confound the charting sites, so where can I get the same info you have? As for encoding Fib lines in DNA; that's a little far fetched even for this Trekker to consider My ecology understanding dictates that genes survive by increasing the reproductive success of the species. Now I can think "outside of the box" as good as the next scientist, but this one doesn't seem to be in the same room with the box Looks like an observation has been made, now you have postulated a theory, who's gonna test it Elliot wave theory is 'nother story and one that I don't have enuf knowledge to address at this time. There, now *that's* OT! Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 4:01 PM > Norm and kelly, > > I don't want to be picky, but the S&P 500 sank to below 905 at about 10:00. > It then rose and fell again with a turn later in the day at 911. So the turn > was actually lower than Ernie predicted. > > That said, I do agree that Ernie's forecasts since I've been following them > have certainly been on the money and within what I would consider > "experimental error". > > However, I have the same kind of feeling about Elliot Wave Theory as > Einstein had about the uncertainty principal - without a rational > explanation for why it works (if it does reliably), its hard to believe in > it. > > I can understand fibonacci numbers recurring frequently in nature because > they could be somehow encoded in DNA, but I have a hard time seeing how they > could apply to the stock market. But then again, I haven't put any time into > trying to understand the causal connection and my comments are based largely > on ignorance. If any member of the group can explain a possible causal > relationship, I would find that helpful. > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > because 75% of stocks go with the flow. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > Sent: Thursday, August 29, 2002 10:36 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Ernie's Forecasts > > > Norm, > > I was commenting at lunch at perfectly he called it today and yesterday. > Almost to the hour. I wonder if he tracks the success of his predictions. > > Kelly > > -----Original Message----- > From: Norman [mailto:theboyd@tisd.net] > Sent: Thursday, August 29, 2002 3:27 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Ernie's Forecasts > > > All, > > I know it's a little (OK a lot) off topic, but is interesting. For those > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > apparently called this one perfectly. He predicted a turn window or > 910-913. Today it turned at 911.06. For now, his crystal ball is working. > For those of you who are not subscribed I copied last nights forecast below. > > Norm > > > Once again today could be the bottom, as we came within a whisker of the > 910-913 target range, and both of my short term cycle indicators are > suggesting that a turn is imminent. While the next target level of 876-884 > is still a possibility, at this point I would have to say that it is not > very likely that we will go that low. > > > > The 910-913 range has emerged as the high probability target for the > termination of this short term down move. The most likely scenario for > tomorrow would be a move slightly lower into the target range or just below > before the market terminates the move, and begins to go higher. The second > most likely scenario is that the market will open higher and continue to > move higher from there. And the third most likely scenario would be a > continuation of the down move possibly as low as 900, with an intra-day > reversal featuring a closing price above at least 911. Each of these > scenarios involves the 910-913 target range. > > > > Despite the high probability that we are about to make a turn and not likely > to go much lower, until we see the turn confirmation signal this market > could still reach the lower target range > > > > E > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > ____________________________________________________________________________ > For your protection, this e-mail message has been scanned for viruses. > Visit us at http://www.neoris.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 17:10:04 -0500 Interesting. Why does this not show up on the IBD chart? Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 5:04 PM > Hi Norm, > > My information came from quotetracker as follows: > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the code by which every organsim develops. So the "shape" of a > plant for example is determined by its DNA. I recall (although its been a long time ) that fibonacci numbers are found, for example, > in the number of leaves on a fern frond. In other words, that fibonacci pattern must have been encoded in the DNA in some way. > Presumanbly, also, ferns with that DNA pattern were "fitter" for survival than ferns that didn't have fibonacci numbers encoded in > their DNA. Now we are definitely off topic, but I enjoy a little intellectual diversion sometimes. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 11:14 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Hi Maui Mike, > > OK, on topic and out of the shadows The investors.com chart shows a low > of 911.06. I know that sometimes there are trades that confound the > charting sites, so where can I get the same info you have? > > As for encoding Fib lines in DNA; that's a little far fetched even for this > Trekker to consider My ecology understanding dictates that genes survive > by increasing the reproductive success of the species. Now I can think > "outside of the box" as good as the next scientist, but this one doesn't > seem to be in the same room with the box Looks like an observation has > been made, now you have postulated a theory, who's gonna test it > > Elliot wave theory is 'nother story and one that I don't have enuf knowledge > to address at this time. > > There, now *that's* OT! > > Norm > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Thursday, August 29, 2002 4:01 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > Norm and kelly, > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > 10:00. > > It then rose and fell again with a turn later in the day at 911. So the > turn > > was actually lower than Ernie predicted. > > > > That said, I do agree that Ernie's forecasts since I've been following > them > > have certainly been on the money and within what I would consider > > "experimental error". > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > Einstein had about the uncertainty principal - without a rational > > explanation for why it works (if it does reliably), its hard to believe in > > it. > > > > I can understand fibonacci numbers recurring frequently in nature because > > they could be somehow encoded in DNA, but I have a hard time seeing how > they > > could apply to the stock market. But then again, I haven't put any time > into > > trying to understand the causal connection and my comments are based > largely > > on ignorance. If any member of the group can explain a possible causal > > relationship, I would find that helpful. > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > because 75% of stocks go with the flow. > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > Sent: Thursday, August 29, 2002 10:36 AM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > Norm, > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > Almost to the hour. I wonder if he tracks the success of his predictions. > > > > Kelly > > > > -----Original Message----- > > From: Norman [mailto:theboyd@tisd.net] > > Sent: Thursday, August 29, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > All, > > > > I know it's a little (OK a lot) off topic, but is interesting. For > those > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > > apparently called this one perfectly. He predicted a turn window or > > 910-913. Today it turned at 911.06. For now, his crystal ball is > working. > > For those of you who are not subscribed I copied last nights forecast > below. > > > > Norm > > > > > > Once again today could be the bottom, as we came within a whisker of the > > 910-913 target range, and both of my short term cycle indicators are > > suggesting that a turn is imminent. While the next target level of 876-884 > > is still a possibility, at this point I would have to say that it is not > > very likely that we will go that low. > > > > > > > > The 910-913 range has emerged as the high probability target for the > > termination of this short term down move. The most likely scenario for > > tomorrow would be a move slightly lower into the target range or just > below > > before the market terminates the move, and begins to go higher. The second > > most likely scenario is that the market will open higher and continue to > > move higher from there. And the third most likely scenario would be a > > continuation of the down move possibly as low as 900, with an intra-day > > reversal featuring a closing price above at least 911. Each of these > > scenarios involves the 910-913 target range. > > > > > > > > Despite the high probability that we are about to make a turn and not > likely > > to go much lower, until we see the turn confirmation signal this market > > could still reach the lower target range > > > > > > > > E > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > ____________________________________________________________________________ > > For your protection, this e-mail message has been scanned for viruses. > > Visit us at http://www.neoris.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 17:17:04 -0500 I agree David, Mike, that mathematicians and statisticians can find all sorts of "correlations" in nature. And, I am also fascinated by these little "Easter eggs", to use a programmers phrase for "hidden goodies". But correlation, by definition, does not infer a cause & effect relationship. And, I know first hand that if these little circumstances are not scrutinized VERY carefully and OBJECTIVELY, then even very intelligent folks can come the wrong conclusion. Plus, there are other variables that can affect species in nature besides inheritance. With that, I think I may have come to end of my own intelligence on the matter (did I hear applause), and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 4:58 PM > Norm, > > Fibonacci ratios are found throughout nature. > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > said I dont use them much. > > David > > > > > Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 3:14 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Hi Maui Mike, > > OK, on topic and out of the shadows The investors.com chart shows a low > of 911.06. I know that sometimes there are trades that confound the > charting sites, so where can I get the same info you have? > > As for encoding Fib lines in DNA; that's a little far fetched even for this > Trekker to consider My ecology understanding dictates that genes survive > by increasing the reproductive success of the species. Now I can think > "outside of the box" as good as the next scientist, but this one doesn't > seem to be in the same room with the box Looks like an observation has > been made, now you have postulated a theory, who's gonna test it > > Elliot wave theory is 'nother story and one that I don't have enuf knowledge > to address at this time. > > There, now *that's* OT! > > Norm > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Thursday, August 29, 2002 4:01 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > Norm and kelly, > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > 10:00. > > It then rose and fell again with a turn later in the day at 911. So the > turn > > was actually lower than Ernie predicted. > > > > That said, I do agree that Ernie's forecasts since I've been following > them > > have certainly been on the money and within what I would consider > > "experimental error". > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > Einstein had about the uncertainty principal - without a rational > > explanation for why it works (if it does reliably), its hard to believe in > > it. > > > > I can understand fibonacci numbers recurring frequently in nature because > > they could be somehow encoded in DNA, but I have a hard time seeing how > they > > could apply to the stock market. But then again, I haven't put any time > into > > trying to understand the causal connection and my comments are based > largely > > on ignorance. If any member of the group can explain a possible causal > > relationship, I would find that helpful. > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > because 75% of stocks go with the flow. > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > Sent: Thursday, August 29, 2002 10:36 AM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > Norm, > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > Almost to the hour. I wonder if he tracks the success of his predictions. > > > > Kelly > > > > -----Original Message----- > > From: Norman [mailto:theboyd@tisd.net] > > Sent: Thursday, August 29, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > All, > > > > I know it's a little (OK a lot) off topic, but is interesting. For > those > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > > apparently called this one perfectly. He predicted a turn window or > > 910-913. Today it turned at 911.06. For now, his crystal ball is > working. > > For those of you who are not subscribed I copied last nights forecast > below. > > > > Norm > > > > > > Once again today could be the bottom, as we came within a whisker of the > > 910-913 target range, and both of my short term cycle indicators are > > suggesting that a turn is imminent. While the next target level of 876-884 > > is still a possibility, at this point I would have to say that it is not > > very likely that we will go that low. > > > > > > > > The 910-913 range has emerged as the high probability target for the > > termination of this short term down move. The most likely scenario for > > tomorrow would be a move slightly lower into the target range or just > below > > before the market terminates the move, and begins to go higher. The second > > most likely scenario is that the market will open higher and continue to > > move higher from there. And the third most likely scenario would be a > > continuation of the down move possibly as low as 900, with an intra-day > > reversal featuring a closing price above at least 911. Each of these > > scenarios involves the 910-913 target range. > > > > > > > > Despite the high probability that we are about to make a turn and not > likely > > to go much lower, until we see the turn confirmation signal this market > > could still reach the lower target range > > > > > > > > E > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > ____________________________________________________________________________ > > For your protection, this e-mail message has been scanned for viruses. > > Visit us at http://www.neoris.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "rolf hertenstein" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 16:17:23 -0600 While Ernie is calling for a turn low (short-term bottom), and a general uptrend through September, IBD (which I buy in town once a week or so) today has a front page story about leaders breaking down and 3 distribution days in the last two weeks spelling trouble for this latest rally. It'll be edifying to watch what happens. Rolf > All, > > I know it's a little (OK a lot) off topic, but is interesting. For those > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > apparently called this one perfectly. He predicted a turn window or > 910-913. Today it turned at 911.06. For now, his crystal ball is working. > For those of you who are not subscribed I copied last nights forecast below. > > Norm > > > Once again today could be the bottom, as we came within a whisker of the > 910-913 target range, and both of my short term cycle indicators are > suggesting that a turn is imminent. While the next target level of 876-884 > is still a possibility, at this point I would have to say that it is not > very likely that we will go that low. > > > > The 910-913 range has emerged as the high probability target for the > termination of this short term down move. The most likely scenario for > tomorrow would be a move slightly lower into the target range or just below > before the market terminates the move, and begins to go higher. The second > most likely scenario is that the market will open higher and continue to > move higher from there. And the third most likely scenario would be a > continuation of the down move possibly as low as 900, with an intra-day > reversal featuring a closing price above at least 911. Each of these > scenarios involves the 910-913 target range. > > > > Despite the high probability that we are about to make a turn and not likely > to go much lower, until we see the turn confirmation signal this market > could still reach the lower target range > > > > E > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 12:28:43 -1000 My point was simply to say that there is a plausible explanation for the occurance of fibonnaci numbers all around us in nature, and to ask the question: Is there a plausible explanation for the occurance of fibonacci series in stock market waves? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Thursday, August 29, 2002 12:17 PM I agree David, Mike, that mathematicians and statisticians can find all sorts of "correlations" in nature. And, I am also fascinated by these little "Easter eggs", to use a programmers phrase for "hidden goodies". But correlation, by definition, does not infer a cause & effect relationship. And, I know first hand that if these little circumstances are not scrutinized VERY carefully and OBJECTIVELY, then even very intelligent folks can come the wrong conclusion. Plus, there are other variables that can affect species in nature besides inheritance. With that, I think I may have come to end of my own intelligence on the matter (did I hear applause), and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 4:58 PM > Norm, > > Fibonacci ratios are found throughout nature. > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > said I dont use them much. > > David > > > > > Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 3:14 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Hi Maui Mike, > > OK, on topic and out of the shadows The investors.com chart shows a low > of 911.06. I know that sometimes there are trades that confound the > charting sites, so where can I get the same info you have? > > As for encoding Fib lines in DNA; that's a little far fetched even for this > Trekker to consider My ecology understanding dictates that genes survive > by increasing the reproductive success of the species. Now I can think > "outside of the box" as good as the next scientist, but this one doesn't > seem to be in the same room with the box Looks like an observation has > been made, now you have postulated a theory, who's gonna test it > > Elliot wave theory is 'nother story and one that I don't have enuf knowledge > to address at this time. > > There, now *that's* OT! > > Norm > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Thursday, August 29, 2002 4:01 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > Norm and kelly, > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > 10:00. > > It then rose and fell again with a turn later in the day at 911. So the > turn > > was actually lower than Ernie predicted. > > > > That said, I do agree that Ernie's forecasts since I've been following > them > > have certainly been on the money and within what I would consider > > "experimental error". > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > Einstein had about the uncertainty principal - without a rational > > explanation for why it works (if it does reliably), its hard to believe in > > it. > > > > I can understand fibonacci numbers recurring frequently in nature because > > they could be somehow encoded in DNA, but I have a hard time seeing how > they > > could apply to the stock market. But then again, I haven't put any time > into > > trying to understand the causal connection and my comments are based > largely > > on ignorance. If any member of the group can explain a possible causal > > relationship, I would find that helpful. > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > because 75% of stocks go with the flow. > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > Sent: Thursday, August 29, 2002 10:36 AM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > Norm, > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > Almost to the hour. I wonder if he tracks the success of his predictions. > > > > Kelly > > > > -----Original Message----- > > From: Norman [mailto:theboyd@tisd.net] > > Sent: Thursday, August 29, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > All, > > > > I know it's a little (OK a lot) off topic, but is interesting. For > those > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > > apparently called this one perfectly. He predicted a turn window or > > 910-913. Today it turned at 911.06. For now, his crystal ball is > working. > > For those of you who are not subscribed I copied last nights forecast > below. > > > > Norm > > > > > > Once again today could be the bottom, as we came within a whisker of the > > 910-913 target range, and both of my short term cycle indicators are > > suggesting that a turn is imminent. While the next target level of 876-884 > > is still a possibility, at this point I would have to say that it is not > > very likely that we will go that low. > > > > > > > > The 910-913 range has emerged as the high probability target for the > > termination of this short term down move. The most likely scenario for > > tomorrow would be a move slightly lower into the target range or just > below > > before the market terminates the move, and begins to go higher. The second > > most likely scenario is that the market will open higher and continue to > > move higher from there. And the third most likely scenario would be a > > continuation of the down move possibly as low as 900, with an intra-day > > reversal featuring a closing price above at least 911. Each of these > > scenarios involves the 910-913 target range. > > > > > > > > Despite the high probability that we are about to make a turn and not > likely > > to go much lower, until we see the turn confirmation signal this market > > could still reach the lower target range > > > > > > > > E > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > ____________________________________________________________________________ > > For your protection, this e-mail message has been scanned for viruses. > > Visit us at http://www.neoris.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 17:33:35 -0500 Mike, Fair question. And I apologize (to all) for going so far "out in the woods." It's a soap box I carry with me every where I go Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 5:28 PM > My point was simply to say that there is a plausible explanation for the > occurance of fibonnaci numbers all around us in nature, and to ask the > question: Is there a plausible explanation for the occurance of fibonacci > series in stock market waves? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 12:17 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > I agree David, Mike, that mathematicians and statisticians can find all > sorts of "correlations" in nature. And, I am also fascinated by these > little "Easter eggs", to use a programmers phrase for "hidden goodies". But > correlation, by definition, does not infer a cause & effect relationship. > And, I know first hand that if these little circumstances are not > scrutinized VERY carefully and OBJECTIVELY, then even very intelligent folks > can come the wrong conclusion. Plus, there are other variables that can > affect species in nature besides inheritance. With that, I think I may have > come to end of my own intelligence on the matter (did I hear applause), > and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. > > Norm > ----- Original Message ----- > From: "David Taggart" > To: > Sent: Thursday, August 29, 2002 4:58 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > Norm, > > > > Fibonacci ratios are found throughout nature. > > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > > said I dont use them much. > > > > David > > > > > > > > > > Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > Sent: Thursday, August 29, 2002 3:14 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > Hi Maui Mike, > > > > OK, on topic and out of the shadows The investors.com chart shows a > low > > of 911.06. I know that sometimes there are trades that confound the > > charting sites, so where can I get the same info you have? > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > Trekker to consider My ecology understanding dictates that genes > survive > > by increasing the reproductive success of the species. Now I can think > > "outside of the box" as good as the next scientist, but this one doesn't > > seem to be in the same room with the box Looks like an observation has > > been made, now you have postulated a theory, who's gonna test it > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > to address at this time. > > > > There, now *that's* OT! > > > > Norm > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Thursday, August 29, 2002 4:01 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm and kelly, > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > 10:00. > > > It then rose and fell again with a turn later in the day at 911. So the > > turn > > > was actually lower than Ernie predicted. > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > them > > > have certainly been on the money and within what I would consider > > > "experimental error". > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > Einstein had about the uncertainty principal - without a rational > > > explanation for why it works (if it does reliably), its hard to believe > in > > > it. > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > they could be somehow encoded in DNA, but I have a hard time seeing how > > they > > > could apply to the stock market. But then again, I haven't put any time > > into > > > trying to understand the causal connection and my comments are based > > largely > > > on ignorance. If any member of the group can explain a possible causal > > > relationship, I would find that helpful. > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > because 75% of stocks go with the flow. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > Sent: Thursday, August 29, 2002 10:36 AM > > > To: canslim@lists.xmission.com > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > Norm, > > > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > Kelly > > > > > > -----Original Message----- > > > From: Norman [mailto:theboyd@tisd.net] > > > Sent: Thursday, August 29, 2002 3:27 PM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > All, > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > those > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > has > > > apparently called this one perfectly. He predicted a turn window or > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > working. > > > For those of you who are not subscribed I copied last nights forecast > > below. > > > > > > Norm > > > > > > > > > Once again today could be the bottom, as we came within a whisker of the > > > 910-913 target range, and both of my short term cycle indicators are > > > suggesting that a turn is imminent. While the next target level of > 876-884 > > > is still a possibility, at this point I would have to say that it is not > > > very likely that we will go that low. > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > termination of this short term down move. The most likely scenario for > > > tomorrow would be a move slightly lower into the target range or just > > below > > > before the market terminates the move, and begins to go higher. The > second > > > most likely scenario is that the market will open higher and continue to > > > move higher from there. And the third most likely scenario would be a > > > continuation of the down move possibly as low as 900, with an intra-day > > > reversal featuring a closing price above at least 911. Each of these > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > likely > > > to go much lower, until we see the turn confirmation signal this market > > > could still reach the lower target range > > > > > > > > > > > > E > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > ____________________________________________________________________________ > > > For your protection, this e-mail message has been scanned for viruses. > > > Visit us at http://www.neoris.com/ > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: [CANSLIM] PRS Date: 29 Aug 2002 14:56:36 -1000 This stock showed up on my lists today having formed a 5 day handle after a dramatic 30% price gain on 8/21. My Canslim Evaluator turned up some surprizing fundamentals such as 151% compound EPS growth over 3 years but an EPS of -65% for the most recent quarter. Institutional ownership is supposedly only 25%. Does anyone have an explanation for the strange EPS nos. and recent price hike? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Thursday, August 29, 2002 12:34 PM Mike, Fair question. And I apologize (to all) for going so far "out in the woods." It's a soap box I carry with me every where I go Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 5:28 PM > My point was simply to say that there is a plausible explanation for the > occurance of fibonnaci numbers all around us in nature, and to ask the > question: Is there a plausible explanation for the occurance of fibonacci > series in stock market waves? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 12:17 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > I agree David, Mike, that mathematicians and statisticians can find all > sorts of "correlations" in nature. And, I am also fascinated by these > little "Easter eggs", to use a programmers phrase for "hidden goodies". But > correlation, by definition, does not infer a cause & effect relationship. > And, I know first hand that if these little circumstances are not > scrutinized VERY carefully and OBJECTIVELY, then even very intelligent folks > can come the wrong conclusion. Plus, there are other variables that can > affect species in nature besides inheritance. With that, I think I may have > come to end of my own intelligence on the matter (did I hear applause), > and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. > > Norm > ----- Original Message ----- > From: "David Taggart" > To: > Sent: Thursday, August 29, 2002 4:58 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > Norm, > > > > Fibonacci ratios are found throughout nature. > > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > > said I dont use them much. > > > > David > > > > > > > > > > Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > Sent: Thursday, August 29, 2002 3:14 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > Hi Maui Mike, > > > > OK, on topic and out of the shadows The investors.com chart shows a > low > > of 911.06. I know that sometimes there are trades that confound the > > charting sites, so where can I get the same info you have? > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > Trekker to consider My ecology understanding dictates that genes > survive > > by increasing the reproductive success of the species. Now I can think > > "outside of the box" as good as the next scientist, but this one doesn't > > seem to be in the same room with the box Looks like an observation has > > been made, now you have postulated a theory, who's gonna test it > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > to address at this time. > > > > There, now *that's* OT! > > > > Norm > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Thursday, August 29, 2002 4:01 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm and kelly, > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > 10:00. > > > It then rose and fell again with a turn later in the day at 911. So the > > turn > > > was actually lower than Ernie predicted. > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > them > > > have certainly been on the money and within what I would consider > > > "experimental error". > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > Einstein had about the uncertainty principal - without a rational > > > explanation for why it works (if it does reliably), its hard to believe > in > > > it. > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > they could be somehow encoded in DNA, but I have a hard time seeing how > > they > > > could apply to the stock market. But then again, I haven't put any time > > into > > > trying to understand the causal connection and my comments are based > > largely > > > on ignorance. If any member of the group can explain a possible causal > > > relationship, I would find that helpful. > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > because 75% of stocks go with the flow. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > Sent: Thursday, August 29, 2002 10:36 AM > > > To: canslim@lists.xmission.com > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > Norm, > > > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > Kelly > > > > > > -----Original Message----- > > > From: Norman [mailto:theboyd@tisd.net] > > > Sent: Thursday, August 29, 2002 3:27 PM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > All, > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > those > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > has > > > apparently called this one perfectly. He predicted a turn window or > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > working. > > > For those of you who are not subscribed I copied last nights forecast > > below. > > > > > > Norm > > > > > > > > > Once again today could be the bottom, as we came within a whisker of the > > > 910-913 target range, and both of my short term cycle indicators are > > > suggesting that a turn is imminent. While the next target level of > 876-884 > > > is still a possibility, at this point I would have to say that it is not > > > very likely that we will go that low. > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > termination of this short term down move. The most likely scenario for > > > tomorrow would be a move slightly lower into the target range or just > > below > > > before the market terminates the move, and begins to go higher. The > second > > > most likely scenario is that the market will open higher and continue to > > > move higher from there. And the third most likely scenario would be a > > > continuation of the down move possibly as low as 900, with an intra-day > > > reversal featuring a closing price above at least 911. Each of these > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > likely > > > to go much lower, until we see the turn confirmation signal this market > > > could still reach the lower target range > > > > > > > > > > > > E > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > ____________________________________________________________________________ > > > For your protection, this e-mail message has been scanned for viruses. > > > Visit us at http://www.neoris.com/ > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: [CANSLIM] Re: Elliott Waves Date: 29 Aug 2002 22:57:18 EDT Mike: Elliott Wave is merely a reflection of how people react to any crowd-following phenomenon: Whether it be greed (Bull impulse waves, ie. Elliott 1-3-5 Waves) or fear/profit taking ( the Corrective Waves, ie. Elliott 2-4 Waves, and also the A-B-C waves). The total reflection of investment and speculation psych is agglomerated in one full cycle of the wave, ie. Elliot 1-5 + A,B,C Waves. For what I consider an excellent book (without all the filler, inessential detail, and qualifications that Prechter and Frost go into) on Elliott Wave as regards the stock market, I recommend the 150 page paperback, Elliott Wave Simplified by Clif Droke, the editor of several weekly stock newsletters, and the author of Technical Analysis Simplified. jans In a message dated 8/29/2002 5:01:35 PM Eastern Daylight Time, mikegibbons@proactech.com writes: << I have the same kind of feeling about Elliot Wave Theory as Einstein had about the uncertainty principal - without a rational explanation for why it works (if it does reliably), its hard to believe in it. I can understand fibonacci numbers recurring frequently in nature because they could be somehow encoded in DNA, but I have a hard time seeing how they could apply to the stock market. But then again, I haven't put any time into trying to understand the causal connection and my comments are based largely on ignorance. If any member of the group can explain a possible causal relationship, I would find that helpful. Also, why is this off topic? Understanding M is fundamental to CANSLIM because 75% of stocks go with the flow. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] PRS Date: 29 Aug 2002 22:58:11 EDT Mike: DGO shows 41% is owned by funds. Also, the "handle", in my opinion, doesn't show volume drying up and settling down. jans In a message dated 8/29/2002 8:57:48 PM Eastern Daylight Time, mikegibbons@proactech.com writes: << This stock showed up on my lists today having formed a 5 day handle after a dramatic 30% price gain on 8/21. My Canslim Evaluator turned up some surprizing fundamentals such as 151% compound EPS growth over 3 years but an EPS of -65% for the most recent quarter. Institutional ownership is supposedly only 25%. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: [CANSLIM] PRS Date: 29 Aug 2002 14:56:36 -1000 This stock showed up on my lists today having formed a 5 day handle after a dramatic 30% price gain on 8/21. My Canslim Evaluator turned up some surprizing fundamentals such as 151% compound EPS growth over 3 years but an EPS of -65% for the most recent quarter. Institutional ownership is supposedly only 25%. Does anyone have an explanation for the strange EPS nos. and recent price hike? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Thursday, August 29, 2002 12:34 PM Mike, Fair question. And I apologize (to all) for going so far "out in the woods." It's a soap box I carry with me every where I go Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 5:28 PM > My point was simply to say that there is a plausible explanation for the > occurance of fibonnaci numbers all around us in nature, and to ask the > question: Is there a plausible explanation for the occurance of fibonacci > series in stock market waves? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 12:17 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > I agree David, Mike, that mathematicians and statisticians can find all > sorts of "correlations" in nature. And, I am also fascinated by these > little "Easter eggs", to use a programmers phrase for "hidden goodies". But > correlation, by definition, does not infer a cause & effect relationship. > And, I know first hand that if these little circumstances are not > scrutinized VERY carefully and OBJECTIVELY, then even very intelligent folks > can come the wrong conclusion. Plus, there are other variables that can > affect species in nature besides inheritance. With that, I think I may have > come to end of my own intelligence on the matter (did I hear applause), > and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. > > Norm > ----- Original Message ----- > From: "David Taggart" > To: > Sent: Thursday, August 29, 2002 4:58 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > Norm, > > > > Fibonacci ratios are found throughout nature. > > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > > said I dont use them much. > > > > David > > > > > > > > > > Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > Sent: Thursday, August 29, 2002 3:14 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > Hi Maui Mike, > > > > OK, on topic and out of the shadows The investors.com chart shows a > low > > of 911.06. I know that sometimes there are trades that confound the > > charting sites, so where can I get the same info you have? > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > Trekker to consider My ecology understanding dictates that genes > survive > > by increasing the reproductive success of the species. Now I can think > > "outside of the box" as good as the next scientist, but this one doesn't > > seem to be in the same room with the box Looks like an observation has > > been made, now you have postulated a theory, who's gonna test it > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > to address at this time. > > > > There, now *that's* OT! > > > > Norm > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Thursday, August 29, 2002 4:01 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm and kelly, > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > 10:00. > > > It then rose and fell again with a turn later in the day at 911. So the > > turn > > > was actually lower than Ernie predicted. > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > them > > > have certainly been on the money and within what I would consider > > > "experimental error". > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > Einstein had about the uncertainty principal - without a rational > > > explanation for why it works (if it does reliably), its hard to believe > in > > > it. > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > they could be somehow encoded in DNA, but I have a hard time seeing how > > they > > > could apply to the stock market. But then again, I haven't put any time > > into > > > trying to understand the causal connection and my comments are based > > largely > > > on ignorance. If any member of the group can explain a possible causal > > > relationship, I would find that helpful. > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > because 75% of stocks go with the flow. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > Sent: Thursday, August 29, 2002 10:36 AM > > > To: canslim@lists.xmission.com > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > Norm, > > > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > Kelly > > > > > > -----Original Message----- > > > From: Norman [mailto:theboyd@tisd.net] > > > Sent: Thursday, August 29, 2002 3:27 PM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > All, > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > those > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > has > > > apparently called this one perfectly. He predicted a turn window or > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > working. > > > For those of you who are not subscribed I copied last nights forecast > > below. > > > > > > Norm > > > > > > > > > Once again today could be the bottom, as we came within a whisker of the > > > 910-913 target range, and both of my short term cycle indicators are > > > suggesting that a turn is imminent. While the next target level of > 876-884 > > > is still a possibility, at this point I would have to say that it is not > > > very likely that we will go that low. > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > termination of this short term down move. The most likely scenario for > > > tomorrow would be a move slightly lower into the target range or just > > below > > > before the market terminates the move, and begins to go higher. The > second > > > most likely scenario is that the market will open higher and continue to > > > move higher from there. And the third most likely scenario would be a > > > continuation of the down move possibly as low as 900, with an intra-day > > > reversal featuring a closing price above at least 911. Each of these > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > likely > > > to go much lower, until we see the turn confirmation signal this market > > > could still reach the lower target range > > > > > > > > > > > > E > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > ____________________________________________________________________________ > > > For your protection, this e-mail message has been scanned for viruses. > > > Visit us at http://www.neoris.com/ > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro: David Keller Date: 29 Aug 2002 23:02:46 -0400 welcome to the group, David, you will find it is unlike any other place on the net, and now over six years old. ----- Original Message ----- Sent: Thursday, August 29, 2002 4:08 PM Hello everyone. My name's Dave Keller- my wife and I live and work in Manhattan. I'm a technical analysis specialist with Bloomberg LP. Very interested in CANSLIM as an investment philosophy. Happy to be in the group. David C. Keller Product Training Specialist Bloomberg LP - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] PRS Date: 29 Aug 2002 22:38:43 EDT Mike: DGO shows 41% is owned by funds. Also, the "handle", in my opinion, doesn't show volume drying up and settling down. jans In a message dated 8/29/2002 8:57:48 PM Eastern Daylight Time, mikegibbons@proactech.com writes: << This stock showed up on my lists today having formed a 5 day handle after a dramatic 30% price gain on 8/21. My Canslim Evaluator turned up some surprizing fundamentals such as 151% compound EPS growth over 3 years but an EPS of -65% for the most recent quarter. Institutional ownership is supposedly only 25%. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: [CANSLIM] Re: Elliott Waves Date: 29 Aug 2002 22:28:57 EDT Mike: Elliott Wave is merely a reflection of how people react to any crowd-following phenomenon: Whether it be greed (Bull impulse waves, ie. Elliott 1-3-5 Waves) or fear/profit taking ( the Corrective Waves, ie. Elliott 2-4 Waves, and also the A-B-C waves). The total reflection of investment and speculation psych is agglomerated in one full cycle of the wave, ie. Elliot 1-5 + A,B,C Waves. For what I consider an excellent book (without all the filler, inessential detail, and qualifications that Prechter and Frost go into) on Elliott Wave as regards the stock market, I recommend the 150 page paperback, Elliott Wave Simplified by Clif Droke, the editor of several weekly stock newsletters, and the author of Technical Analysis Simplified. jans In a message dated 8/29/2002 5:01:35 PM Eastern Daylight Time, mikegibbons@proactech.com writes: << I have the same kind of feeling about Elliot Wave Theory as Einstein had about the uncertainty principal - without a rational explanation for why it works (if it does reliably), its hard to believe in it. I can understand fibonacci numbers recurring frequently in nature because they could be somehow encoded in DNA, but I have a hard time seeing how they could apply to the stock market. But then again, I haven't put any time into trying to understand the causal connection and my comments are based largely on ignorance. If any member of the group can explain a possible causal relationship, I would find that helpful. Also, why is this off topic? Understanding M is fundamental to CANSLIM because 75% of stocks go with the flow. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chazmoore@aol.com Subject: Re: [CANSLIM] PRS Date: 29 Aug 2002 22:02:27 EDT --part1_121.1604e708.2aa02c33_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: UNOCAL has offered to buy the company. As far as the widely fluctuating earnings are concerned, it goes with the territory. Independent oil producers may drive 10 dry holes, then hit a gusher. Charley --part1_121.1604e708.2aa02c33_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: UNOCAL has offered to buy the company.
As far as the widely fluctuating earnings are concerned, it goes with the territory. Independent oil producers may drive 10 dry holes, then hit a gusher.
Charley --part1_121.1604e708.2aa02c33_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 29 Aug 2002 23:09:25 -0400 Mike, While I have never really studied, much less tried, any of the number crunching approaches like Ernie is using (and yes, I also subscribed, if for no other reason than to learn a little), the only causal connection I ever came up with was that ultimately, people are behind the trading activity of the marketplace. Even today, with more basket trading and automated trading than ever before, it's still people doing the chart interpretations. I do believe a lot of the market gyrations are little more than "herd instinct", and that certainly can go back to DNA coding, or cultural evolution, or how we were raised, or whatever else makes us both human and investors. I have met many people over the years that have never invested, never intend to, perfectly content to keep their money in a CD or, at the most, a money market. I cannot understand their attitude any more than they can understand me wanting to be fully invested in good markets and bad. ----- Original Message ----- Sent: Thursday, August 29, 2002 5:01 PM Norm and kelly, I don't want to be picky, but the S&P 500 sank to below 905 at about 10:00. It then rose and fell again with a turn later in the day at 911. So the turn was actually lower than Ernie predicted. That said, I do agree that Ernie's forecasts since I've been following them have certainly been on the money and within what I would consider "experimental error". However, I have the same kind of feeling about Elliot Wave Theory as Einstein had about the uncertainty principal - without a rational explanation for why it works (if it does reliably), its hard to believe in it. I can understand fibonacci numbers recurring frequently in nature because they could be somehow encoded in DNA, but I have a hard time seeing how they could apply to the stock market. But then again, I haven't put any time into trying to understand the causal connection and my comments are based largely on ignorance. If any member of the group can explain a possible causal relationship, I would find that helpful. Also, why is this off topic? Understanding M is fundamental to CANSLIM because 75% of stocks go with the flow. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Thursday, August 29, 2002 10:36 AM Norm, I was commenting at lunch at perfectly he called it today and yesterday. Almost to the hour. I wonder if he tracks the success of his predictions. Kelly -----Original Message----- Sent: Thursday, August 29, 2002 3:27 PM All, I know it's a little (OK a lot) off topic, but is interesting. For those of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has apparently called this one perfectly. He predicted a turn window or 910-913. Today it turned at 911.06. For now, his crystal ball is working. For those of you who are not subscribed I copied last nights forecast below. Norm Once again today could be the bottom, as we came within a whisker of the 910-913 target range, and both of my short term cycle indicators are suggesting that a turn is imminent. While the next target level of 876-884 is still a possibility, at this point I would have to say that it is not very likely that we will go that low. The 910-913 range has emerged as the high probability target for the termination of this short term down move. The most likely scenario for tomorrow would be a move slightly lower into the target range or just below before the market terminates the move, and begins to go higher. The second most likely scenario is that the market will open higher and continue to move higher from there. And the third most likely scenario would be a continuation of the down move possibly as low as 900, with an intra-day reversal featuring a closing price above at least 911. Each of these scenarios involves the 910-913 target range. Despite the high probability that we are about to make a turn and not likely to go much lower, until we see the turn confirmation signal this market could still reach the lower target range E - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Winston Little" Subject: Re: [CANSLIM] PRS Date: 29 Aug 2002 23:12:56 -0400 Mike: PURE RESOURCES (PRS) - Independent oil company Pure Resources Inc. (PRS) said late on Monday that a special committee of its independent directors will evaluate a previously announced takeover bid from Unocal Corp. (UCL). Shares of Pure Resources closed at $23.25 Monday. ----- Original Message ----- Sent: Thursday, August 29, 2002 8:56 PM > This stock showed up on my lists today having formed a 5 day handle after a > dramatic 30% price gain on 8/21. > > My Canslim Evaluator turned up some surprizing fundamentals such as 151% > compound EPS growth over 3 years but an EPS of -65% for the most recent > quarter. Institutional ownership is supposedly only 25%. > > Does anyone have an explanation for the strange EPS nos. and recent price > hike? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 12:34 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Mike, > > Fair question. And I apologize (to all) for going so far "out in the > woods." It's a soap box I carry with me every where I go > > Norm > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Thursday, August 29, 2002 5:28 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > My point was simply to say that there is a plausible explanation for the > > occurance of fibonnaci numbers all around us in nature, and to ask the > > question: Is there a plausible explanation for the occurance of fibonacci > > series in stock market waves? > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > Sent: Thursday, August 29, 2002 12:17 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > I agree David, Mike, that mathematicians and statisticians can find all > > sorts of "correlations" in nature. And, I am also fascinated by these > > little "Easter eggs", to use a programmers phrase for "hidden goodies". > But > > correlation, by definition, does not infer a cause & effect relationship. > > And, I know first hand that if these little circumstances are not > > scrutinized VERY carefully and OBJECTIVELY, then even very intelligent > folks > > can come the wrong conclusion. Plus, there are other variables that can > > affect species in nature besides inheritance. With that, I think I may > have > > come to end of my own intelligence on the matter (did I hear applause), > > and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. > > > > Norm > > ----- Original Message ----- > > From: "David Taggart" > > To: > > Sent: Thursday, August 29, 2002 4:58 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm, > > > > > > Fibonacci ratios are found throughout nature. > > > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > > > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > > > said I dont use them much. > > > > > > David > > > > > > > > > > > > > > > Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > Sent: Thursday, August 29, 2002 3:14 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart shows a > > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > > this > > > Trekker to consider My ecology understanding dictates that genes > > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe > > in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > > has > > > > apparently called this one perfectly. He predicted a turn window or > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > working. > > > > For those of you who are not subscribed I copied last nights forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > the > > > > 910-913 target range, and both of my short term cycle indicators are > > > > suggesting that a turn is imminent. While the next target level of > > 876-884 > > > > is still a possibility, at this point I would have to say that it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > termination of this short term down move. The most likely scenario for > > > > tomorrow would be a move slightly lower into the target range or just > > > below > > > > before the market terminates the move, and begins to go higher. The > > second > > > > most likely scenario is that the market will open higher and continue > to > > > > move higher from there. And the third most likely scenario would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > likely > > > > to go much lower, until we see the turn confirmation signal this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New Member Date: 29 Aug 2002 23:13:54 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0125_01C24FB1.BEA38B70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Welcome to the group, Wendy, but I must challenge your belief that HGSI = "originated" the term LLUR. It has been in use in this group, introduced = by a former member, for a number of years now. PETM is just one of many = examples of it that has been discussed here over the years, all clearly = noted as LLUR patterns. Guess IBD is not the only outsider stealing material here without = attribution, altho this is more blatant than IBD. One member tonight already posted our current list of terms, if you = missed it, write me privately and I will forward it to you. Again, welcome, it's a good place to learn CANSLIM. If you have not yet = read Wm O'Neil's "How To Make Money In Stocks (3rd edition)" then I = strongly recommend you start with that. ----- Original Message -----=20 Sent: Thursday, August 29, 2002 5:35 PM I'm excited to have found this site. I have been trading options for = about 2 years and want to learn about trading stocks. I have a friend = that takes the HGSI newsletter because they appear to have a very unique = way of explaining investing terminology. For example, they originated = the term LLUR and the author has a way of helping me understand. Does = this site have a library of terminology that goes into detail like this = example? _____________________________________ LLUR is short form for Lower Left to Upper Right. If you look at a = chart pattern and it goes straight as an arrow from the lower left hand = side of the page to the upper right hand side, hugging its moving = averages you have an LLUR! Take a look at PETM - Petsmart when it did = just that from September of last year to June of this year, before it = finally broke down and paused to refresh. These are good beasts as you = sleep easy as you ride them. =20 The 405 Freeway (DTL) - Those of us who live out here on the West Coast = in Los Angeles, enjoy riding a nightmare of a Freeway out here in the = rush hour which goes essentially diagonally from Upper Left to Lower = Right (ULLR if you like) as it meanders from Santa Monica in the North = Wast to San Diego in the South East. If you draw a downtrendline (DTL) = which connects the highs of a chart pattern of a stock that has = corrected, and the stock then rises to break upwards through that line, = you are buying North of the 405 Freeway - a healthy situation! I am = sure you are none the wiser, but as it so happens I have just finished a = five page discussion on the Case Study you have seen mentioned on the = bb, and if you look at that attachment to that note just put up, you = will see the 405 Freeway depicted on the charts in that study. Welcome = aboard, and good hunting. Regards, Ian.=20 ____________________ Wyndy ------=_NextPart_000_0125_01C24FB1.BEA38B70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Welcome to the group, Wendy, but I must = challenge your=20 belief that HGSI "originated" the term LLUR. It has been in use in this = group,=20 introduced by a former member, for a number of years now. PETM is just = one of=20 many examples of it that has been discussed here over the years, all = clearly=20 noted as LLUR patterns.
 
Guess IBD is not the only outsider stealing = material here=20 without attribution, altho this is more blatant than IBD.
 
One member tonight already posted our current = list of=20 terms, if you missed it, write me privately and I will forward it to=20 you.
 
Again, welcome, it's a good place to learn = CANSLIM. If you=20 have not yet read Wm O'Neil's "How To Make Money In Stocks (3rd = edition)" then I=20 strongly recommend you start with that.
 
----- Original Message -----=20
From: Cwyndham@aol.com=20
Sent: Thursday, August 29, 2002 5:35 PM
Subject: [CANSLIM] New Member

I'm excited to have found = this site. I have=20 been trading options for about 2 years and want to learn about trading = stocks. I=20 have a friend that takes the HGSI newsletter because they appear to have = a very=20 unique way of explaining investing terminology. For example, they = originated the=20 term LLUR and the author has a way of helping me understand. Does this = site have=20 a library of terminology that goes into detail like this=20 example?
_____________________________________

LLUR is short = form for=20 Lower Left to Upper Right.  If you look at a chart pattern and it = goes=20 straight as an arrow from the lower left hand side of the page to the = upper=20 right hand side, hugging its moving averages you have an LLUR!  = Take a look=20 at PETM - Petsmart when it did just that from September of last year to = June of=20 this year, before it finally broke down and paused to refresh.  = These are=20 good beasts as you sleep easy as you ride them. 

The 405 = Freeway=20 (DTL) - Those of us who live out here on the West Coast in Los Angeles, = enjoy=20 riding a nightmare of a Freeway out here in the rush hour which goes = essentially=20 diagonally from Upper Left to Lower Right (ULLR if you like) as it = meanders from=20 Santa Monica in the North Wast to San Diego in the South East.  If = you draw=20 a downtrendline (DTL) which connects the highs of a chart pattern of a = stock=20 that has corrected, and the stock then rises to break upwards through = that line,=20 you are buying North of the 405 Freeway - a healthy situation!  I = am sure=20 you are none the wiser, but as it so happens I have just finished a five = page=20 discussion on the Case Study you have seen mentioned on the bb, and if = you look=20 at that attachment to that note just put up, you will see the 405 = Freeway=20 depicted on the charts in that study.  Welcome aboard, and good=20 hunting.  Regards, Ian.=20

           = ;            =             &= nbsp;  =20 ____________________

Wyndy



 ------=_NextPart_000_0125_01C24FB1.BEA38B70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] EPIQ Date: 29 Aug 2002 23:31:49 -0400 Hi Norman, could well be that a handle is trying to form, but remember, I personally dislike a drooping handle even if WON advocates it. I bot EPIQ at the bottom of the cup, in part because I know the stock so well. My stop loss execution yesterday prematurely ended my fifth round trip in three years, only stock I have had that many times, much less successfully (profits of 70%, 20%, 30%, 200 to over 400% and now 25%). But I still like the story long term, so likely I will venture into it a sixth time. But it may also be getting tired, its story has been told so many times, and even though bankruptcy filings continue to hit new highs, the belief that the economy would recover did a lot of damage to it over the past six months. ----- Original Message ----- Sent: Thursday, August 29, 2002 11:16 AM Tom, Is there a handle forming on EPIQs erratic cup? Looks like the vol is low today; good for a handle. Also seems to have bumped up against a resistance level. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: Re: [CANSLIM] New Member Date: 29 Aug 2002 23:48:33 EDT --part1_18a.d44939f.2aa04511_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Tom I just a copy of the new edition of HTMMIS and will read it at the lake this weekend. See you next week. Wyndy (not Wendy) --part1_18a.d44939f.2aa04511_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Tom

I just a copy of the new edition of HTMMIS and will read it at the lake this weekend. See you next week.

Wyndy (not Wendy) --part1_18a.d44939f.2aa04511_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] PRS Date: 29 Aug 2002 17:56:46 -1000 thanks Winston, jans and Chaz. Obviously not one to buy into in the hope of huge further gains. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Thursday, August 29, 2002 5:13 PM Mike: PURE RESOURCES (PRS) - Independent oil company Pure Resources Inc. (PRS) said late on Monday that a special committee of its independent directors will evaluate a previously announced takeover bid from Unocal Corp. (UCL). Shares of Pure Resources closed at $23.25 Monday. ----- Original Message ----- Sent: Thursday, August 29, 2002 8:56 PM > This stock showed up on my lists today having formed a 5 day handle after a > dramatic 30% price gain on 8/21. > > My Canslim Evaluator turned up some surprizing fundamentals such as 151% > compound EPS growth over 3 years but an EPS of -65% for the most recent > quarter. Institutional ownership is supposedly only 25%. > > Does anyone have an explanation for the strange EPS nos. and recent price > hike? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 12:34 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Mike, > > Fair question. And I apologize (to all) for going so far "out in the > woods." It's a soap box I carry with me every where I go > > Norm > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Thursday, August 29, 2002 5:28 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > My point was simply to say that there is a plausible explanation for the > > occurance of fibonnaci numbers all around us in nature, and to ask the > > question: Is there a plausible explanation for the occurance of fibonacci > > series in stock market waves? > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > Sent: Thursday, August 29, 2002 12:17 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > I agree David, Mike, that mathematicians and statisticians can find all > > sorts of "correlations" in nature. And, I am also fascinated by these > > little "Easter eggs", to use a programmers phrase for "hidden goodies". > But > > correlation, by definition, does not infer a cause & effect relationship. > > And, I know first hand that if these little circumstances are not > > scrutinized VERY carefully and OBJECTIVELY, then even very intelligent > folks > > can come the wrong conclusion. Plus, there are other variables that can > > affect species in nature besides inheritance. With that, I think I may > have > > come to end of my own intelligence on the matter (did I hear applause), > > and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. > > > > Norm > > ----- Original Message ----- > > From: "David Taggart" > > To: > > Sent: Thursday, August 29, 2002 4:58 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm, > > > > > > Fibonacci ratios are found throughout nature. > > > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > > > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > > > said I dont use them much. > > > > > > David > > > > > > > > > > > > > > > Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > Sent: Thursday, August 29, 2002 3:14 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart shows a > > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > > this > > > Trekker to consider My ecology understanding dictates that genes > > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe > > in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > > has > > > > apparently called this one perfectly. He predicted a turn window or > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > working. > > > > For those of you who are not subscribed I copied last nights forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > the > > > > 910-913 target range, and both of my short term cycle indicators are > > > > suggesting that a turn is imminent. While the next target level of > > 876-884 > > > > is still a possibility, at this point I would have to say that it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > termination of this short term down move. The most likely scenario for > > > > tomorrow would be a move slightly lower into the target range or just > > > below > > > > before the market terminates the move, and begins to go higher. The > > second > > > > most likely scenario is that the market will open higher and continue > to > > > > move higher from there. And the third most likely scenario would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > likely > > > > to go much lower, until we see the turn confirmation signal this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New Member Date: 29 Aug 2002 23:41:25 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0191_01C24FB5.96A90790 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable sorry, guess I had a cheeseburger and fries on my mind at this late = hour. Enjoy the lake, only the ocean for me. ----- Original Message -----=20 Sent: Thursday, August 29, 2002 11:48 PM Thanks Tom I just a copy of the new edition of HTMMIS and will read it at the lake = this weekend. See you next week. Wyndy (not Wendy)=20 ------=_NextPart_000_0191_01C24FB5.96A90790 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
sorry, guess I had a cheeseburger and fries on = my mind at=20 this late hour. Enjoy the lake, only the ocean for me.
 
----- Original Message -----=20
From: Cwyndham@aol.com=20
Sent: Thursday, August 29, 2002 11:48 PM
Subject: Re: [CANSLIM] New Member

Thanks Tom

I just a copy of the new edition = of HTMMIS=20 and will read it at the lake this weekend. See you next = week.

Wyndy (not=20 Wendy) ------=_NextPart_000_0191_01C24FB5.96A90790-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] OT?? - sign of the times??? I hope not!! Date: 29 Aug 2002 23:53:24 -0400 Yahoo traded over 3X ADV and up over 12% after Merrill upgraded it from "sell" to "neutral". Gee, that sure seems like a reason why I would want to own it?? I would admit that lately, "M" seems to respond favorably more often to good news, and tank less. And bad news doesn't seem to be bringing about so many 30-50% declines. But I am still struggling to see an "upgrade" by a major wirehouse from sell to neutral (you won't lose money any faster here than with the rest of the market, but then you won't make any more either, so why not risk your capital) as constituting good news sufficient to buy this stock. Am I missing something here? Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] EPIQ Date: 30 Aug 2002 06:53:38 -0500 Tom, Where do you find data on the number of bankruptcy filings> Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 10:31 PM > Hi Norman, > > could well be that a handle is trying to form, but remember, I personally > dislike a drooping handle even if WON advocates it. I bot EPIQ at the bottom > of the cup, in part because I know the stock so well. My stop loss execution > yesterday prematurely ended my fifth round trip in three years, only stock I > have had that many times, much less successfully (profits of 70%, 20%, 30%, > 200 to over 400% and now 25%). > > But I still like the story long term, so likely I will venture into it a > sixth time. But it may also be getting tired, its story has been told so > many times, and even though bankruptcy filings continue to hit new highs, > the belief that the economy would recover did a lot of damage to it over the > past six months. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Thursday, August 29, 2002 11:16 AM > Subject: [CANSLIM] EPIQ > > > Tom, > > Is there a handle forming on EPIQs erratic cup? Looks like the vol is low > today; good for a handle. Also seems to have bumped up against a resistance > level. > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] New Member Date: 30 Aug 2002 07:01:27 -0500 Tom, There are several members that I know of who are also members of the yahoo HGS group. Probably due at least in part to Tim (where is he?) who used to mention the methodology now and then. That was where I heard about it. The HGS group often discusses the same topic at the same time, or about the same time, as this group, but they tend to lean more heavily on technical indicators. Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 10:13 PM Welcome to the group, Wendy, but I must challenge your belief that HGSI "originated" the term LLUR. It has been in use in this group, introduced by a former member, for a number of years now. PETM is just one of many examples of it that has been discussed here over the years, all clearly noted as LLUR patterns. Guess IBD is not the only outsider stealing material here without attribution, altho this is more blatant than IBD. One member tonight already posted our current list of terms, if you missed it, write me privately and I will forward it to you. Again, welcome, it's a good place to learn CANSLIM. If you have not yet read Wm O'Neil's "How To Make Money In Stocks (3rd edition)" then I strongly recommend you start with that. ----- Original Message ----- Sent: Thursday, August 29, 2002 5:35 PM I'm excited to have found this site. I have been trading options for about 2 years and want to learn about trading stocks. I have a friend that takes the HGSI newsletter because they appear to have a very unique way of explaining investing terminology. For example, they originated the term LLUR and the author has a way of helping me understand. Does this site have a library of terminology that goes into detail like this example? _____________________________________ LLUR is short form for Lower Left to Upper Right. If you look at a chart pattern and it goes straight as an arrow from the lower left hand side of the page to the upper right hand side, hugging its moving averages you have an LLUR! Take a look at PETM - Petsmart when it did just that from September of last year to June of this year, before it finally broke down and paused to refresh. These are good beasts as you sleep easy as you ride them. The 405 Freeway (DTL) - Those of us who live out here on the West Coast in Los Angeles, enjoy riding a nightmare of a Freeway out here in the rush hour which goes essentially diagonally from Upper Left to Lower Right (ULLR if you like) as it meanders from Santa Monica in the North Wast to San Diego in the South East. If you draw a downtrendline (DTL) which connects the highs of a chart pattern of a stock that has corrected, and the stock then rises to break upwards through that line, you are buying North of the 405 Freeway - a healthy situation! I am sure you are none the wiser, but as it so happens I have just finished a five page discussion on the Case Study you have seen mentioned on the bb, and if you look at that attachment to that note just put up, you will see the 405 Freeway depicted on the charts in that study. Welcome aboard, and good hunting. Regards, Ian. ____________________ Wyndy - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] EPIQ Date: 30 Aug 2002 08:05:07 -0400 there is usually info on this in their news releases, SEC filings, etc. I also periodically pick up stories from Reuters, etc. ----- Original Message ----- Sent: Friday, August 30, 2002 7:53 AM Tom, Where do you find data on the number of bankruptcy filings> Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 10:31 PM > Hi Norman, > > could well be that a handle is trying to form, but remember, I personally > dislike a drooping handle even if WON advocates it. I bot EPIQ at the bottom > of the cup, in part because I know the stock so well. My stop loss execution > yesterday prematurely ended my fifth round trip in three years, only stock I > have had that many times, much less successfully (profits of 70%, 20%, 30%, > 200 to over 400% and now 25%). > > But I still like the story long term, so likely I will venture into it a > sixth time. But it may also be getting tired, its story has been told so > many times, and even though bankruptcy filings continue to hit new highs, > the belief that the economy would recover did a lot of damage to it over the > past six months. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Thursday, August 29, 2002 11:16 AM > Subject: [CANSLIM] EPIQ > > > Tom, > > Is there a handle forming on EPIQs erratic cup? Looks like the vol is low > today; good for a handle. Also seems to have bumped up against a resistance > level. > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "DAVID KELLER, BLOOMBERG/ 499 PARK" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 30 Aug 2002 08:08:13 -0400 (EDT) > THIS IS A MESSAGE IN 'MIME' FORMAT. Your mail reader does not support MIME. > Some parts of this will be readable as plain text. > To see the rest, you will need to upgrade your mail reader. --PART.BOUNDARY.2960.10249.n281.1030709293.2256 Content-Type: text/plain Content-Transfer-Encoding: 7bit Content-ID: <2960_10249_1030709293_246@n281> even more examples of Fibonacci: bottom of a pine cone (each direction is a Fibonacci number), architecture (Parthenon's columns use Fibonacci proportions), or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... Regarding why it works in the financial markets, check out the S&P from 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was watching that?... ----- Original Message ----- At: 8/29 18:06 > Hi Norm, > > My information came from quotetracker as follows: > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the code by > which every organsim develops. So the "shape" of a > plant for example is determined by its DNA. I recall (although its been a long > time ) that fibonacci numbers are found, for example, > in the number of leaves on a fern frond. In other words, that fibonacci pattern > must have been encoded in the DNA in some way. > Presumanbly, also, ferns with that DNA pattern were "fitter" for survival than > ferns that didn't have fibonacci numbers encoded in > their DNA. Now we are definitely off topic, but I enjoy a little intellectual > diversion sometimes. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 11:14 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Hi Maui Mike, > > OK, on topic and out of the shadows The investors.com chart shows a low > of 911.06. I know that sometimes there are trades that confound the > charting sites, so where can I get the same info you have? > > As for encoding Fib lines in DNA; that's a little far fetched even for this > Trekker to consider My ecology understanding dictates that genes survive > by increasing the reproductive success of the species. Now I can think > "outside of the box" as good as the next scientist, but this one doesn't > seem to be in the same room with the box Looks like an observation has > been made, now you have postulated a theory, who's gonna test it > > Elliot wave theory is 'nother story and one that I don't have enuf knowledge > to address at this time. > > There, now *that's* OT! > > Norm > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Thursday, August 29, 2002 4:01 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > Norm and kelly, > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > 10:00. > > It then rose and fell again with a turn later in the day at 911. So the > turn > > was actually lower than Ernie predicted. > > > > That said, I do agree that Ernie's forecasts since I've been following > them > > have certainly been on the money and within what I would consider > > "experimental error". > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > Einstein had about the uncertainty principal - without a rational > > explanation for why it works (if it does reliably), its hard to believe in > > it. > > > > I can understand fibonacci numbers recurring frequently in nature because > > they could be somehow encoded in DNA, but I have a hard time seeing how > they > > could apply to the stock market. But then again, I haven't put any time > into > > trying to understand the causal connection and my comments are based > largely > > on ignorance. If any member of the group can explain a possible causal > > relationship, I would find that helpful. > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > because 75% of stocks go with the flow. > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > Sent: Thursday, August 29, 2002 10:36 AM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > Norm, > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > Almost to the hour. I wonder if he tracks the success of his predictions. > > > > Kelly > > > > -----Original Message----- > > From: Norman [mailto:theboyd@tisd.net] > > Sent: Thursday, August 29, 2002 3:27 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > All, > > > > I know it's a little (OK a lot) off topic, but is interesting. For > those > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > > apparently called this one perfectly. He predicted a turn window or > > 910-913. Today it turned at 911.06. For now, his crystal ball is > working. > > For those of you who are not subscribed I copied last nights forecast > below. > > > > Norm > > > > > > Once again today could be the bottom, as we came within a whisker of the > > 910-913 target range, and both of my short term cycle indicators are > > suggesting that a turn is imminent. While the next target level of 876-884 > > is still a possibility, at this point I would have to say that it is not > > very likely that we will go that low. > > > > > > > > The 910-913 range has emerged as the high probability target for the > > termination of this short term down move. The most likely scenario for > > tomorrow would be a move slightly lower into the target range or just > below > > before the market terminates the move, and begins to go higher. The second > > most likely scenario is that the market will open higher and continue to > > move higher from there. And the third most likely scenario would be a > > continuation of the down move possibly as low as 900, with an intra-day > > reversal featuring a closing price above at least 911. Each of these > > scenarios involves the 910-913 target range. > > > > > > > > Despite the high probability that we are about to make a turn and not > likely > > to go much lower, until we see the turn confirmation signal this market > > could still reach the lower target range > > > > > > > > E > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > ____________________________________________________________________________ > > For your protection, this e-mail message has been scanned for viruses. > > Visit us at http://www.neoris.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. --PART.BOUNDARY.2960.10249.n281.1030709293.2256 Content-Type: application/octet-stream; name="64678387.htm" Content-Transfer-Encoding: 7bit Content-Disposition: ATTACHMENT; filename="64678387.htm" Content-ID: <2960_10249_1030709293_247@n281>

Hi Norm,

My information came from quotetracker as follows:

As for my hypothesis about DNA and fibonacci numbers: DNA transmits the code by which every organsim develops. So the "shape" of a plant for example is determined by its DNA. I recall (although its been a long time ) that fibonacci numbers are found, for example, in the number of leaves on a fern frond. In other words, that fibonacci pattern must have been encoded in the DNA in some way. Presumanbly, also, ferns with that DNA pattern were "fitter" for survival than ferns that didn't have fibonacci numbers encoded in their DNA. Now we are definitely off topic, but I enjoy a little intellectual diversion sometimes.

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com


-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman
Sent: Thursday, August 29, 2002 11:14 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Ernie's Forecasts


Hi Maui Mike,

OK, on topic and out of the shadows<G>  The investors.com chart shows a low
of 911.06.  I know that sometimes there are trades that confound the
charting sites, so where can I get the same info you have?

As for encoding Fib lines in DNA; that's a little far fetched even for this
Trekker to consider<G>  My ecology understanding dictates that genes survive
by increasing the reproductive success of the species.  Now I can think
"outside of the box" as good as the next scientist, but this one doesn't
seem to be in the same room with the box<g>  Looks like an observation has
been made, now you have postulated a theory, who's gonna test it<G>

Elliot wave theory is 'nother story and one that I don't have enuf knowledge
to address at this time.

There, now *that's* OT!

Norm
----- Original Message -----
From: "Mike Gibbons" <mikegibbons@proactech.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, August 29, 2002 4:01 PM
Subject: RE: [CANSLIM] Ernie's Forecasts


> Norm and kelly,
>
> I don't want to be picky, but the S&P 500 sank to below 905 at about
10:00.
> It then rose and fell again with a turn later in the day at 911. So the
turn
> was actually lower than Ernie predicted.
>
> That said, I do agree that Ernie's forecasts since I've been following
them
> have certainly been on the money and within what I would consider
> "experimental error".
>
> However, I have the same kind of feeling about Elliot Wave Theory as
> Einstein had about the uncertainty principal - without a rational
> explanation for why it works (if it does reliably), its hard to believe in
> it.
>
> I can understand fibonacci numbers recurring frequently in nature because
> they could be somehow encoded in DNA, but I have a hard time seeing how
they
> could apply to the stock market. But then again, I haven't put any time
into
> trying to understand the causal connection and my comments are based
largely
> on ignorance. If any member of the group can explain a possible causal
> relationship, I would find that helpful.
>
> Also, why is this off topic? Understanding M is fundamental to CANSLIM
> because 75% of stocks go with the flow.
>
> Aloha,
>
> Mike Gibbons
> Proactive Technologies, LLC
> http://www.proactech.com
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
> Sent: Thursday, August 29, 2002 10:36 AM
> To: canslim@lists.xmission.com
> Subject: RE: [CANSLIM] Ernie's Forecasts
>
>
> Norm,
>
> I was commenting at lunch at perfectly he called it today and yesterday.
> Almost to the hour. I wonder if he tracks the success of his predictions.
>
> Kelly
>
> -----Original Message-----
> From: Norman [mailto:theboyd@tisd.net]
> Sent: Thursday, August 29, 2002 3:27 PM
> To: canslim@lists.xmission.com
> All,
>
> I know it's a little (OK a lot<G>) off topic, but is interesting.  For
those
> of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has
> apparently called this one perfectly.  He predicted a turn window or
> 910-913.  Today it turned at 911.06.  For now, his crystal ball is
working.
> For those of you who are not subscribed I copied last nights forecast
below.
>
> Norm
>
>
> Once again today could be the bottom, as we came within a whisker of the
> 910-913 target range, and both of my short term cycle indicators are
> suggesting that a turn is imminent. While the next target level of 876-884
> is still a possibility, at this point I would have to say that it is not
> very likely that we will go that low.
>
>
>
> The 910-913 range has emerged as the high probability target for the
> termination of this short term down move. The most likely scenario for
> tomorrow would be a move slightly lower into the target range or just
below
> before the market terminates the move, and begins to go higher. The second
> most likely scenario is that the market will open higher and continue to
> move higher from there. And the third most likely scenario would be a
> continuation of the down move possibly as low as 900, with an intra-day
> reversal featuring a closing price above at least 911. Each of these
> scenarios involves the 910-913 target range.
>
>
>
> Despite the high probability that we are about to make a turn and not
likely
> to go much lower, until we see the turn confirmation signal this market
> could still reach the lower target range
>
>
>
> E
>
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
____________________________________________________________________________
> For your protection, this e-mail message has been scanned for viruses.
> Visit us at http://www.neoris.com/
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] OT?? - sign of the times??? I hope not!! Date: 30 Aug 2002 08:23:42 -0500 FWIW (for what it's worth), I saw on TV, BTV I think, that the upgrade was based strictly on valuation (i.e. p/e) and not on business profitability, present or future. Norm ----- Original Message ----- Sent: Thursday, August 29, 2002 10:53 PM > Yahoo traded over 3X ADV and up over 12% after Merrill upgraded it from > "sell" to "neutral". Gee, that sure seems like a reason why I would want to > own it?? > > I would admit that lately, "M" seems to respond favorably more often to good > news, and tank less. And bad news doesn't seem to be bringing about so many > 30-50% declines. But I am still struggling to see an "upgrade" by a major > wirehouse from sell to neutral (you won't lose money any faster here than > with the rest of the market, but then you won't make any more either, so why > not risk your capital) as constituting good news sufficient to buy this > stock. > > Am I missing something here? > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 30 Aug 2002 08:30:17 -0500 All, We DON'T really want to get into a rigorous examination of these phenomena, on a case by case basis, and whither or not there is any cause & effect relationship that can be assigned to them. Not here! I think this is the reason there was at one time a TA group formed from this group. Maybe the folks in the HGSI forum would accommodate this discussion as they seem to delve into TA a bit more than this group. Norm ----- Original Message ----- Sent: Friday, August 30, 2002 7:08 AM > even more examples of Fibonacci: bottom of a pine cone (each direction is a > Fibonacci number), architecture (Parthenon's columns use Fibonacci proportions), > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > Regarding why it works in the financial markets, check out the S&P from > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > watching that?... > > ----- Original Message ----- > From: Mike Gibbons > At: 8/29 18:06 > > > Hi Norm, > > > > My information came from quotetracker as follows: > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the code > by > > which every organsim develops. So the "shape" of a > > plant for example is determined by its DNA. I recall (although its been a long > > time ) that fibonacci numbers are found, for example, > > in the number of leaves on a fern frond. In other words, that fibonacci > pattern > > must have been encoded in the DNA in some way. > > Presumanbly, also, ferns with that DNA pattern were "fitter" for survival than > > ferns that didn't have fibonacci numbers encoded in > > their DNA. Now we are definitely off topic, but I enjoy a little intellectual > > diversion sometimes. > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > Sent: Thursday, August 29, 2002 11:14 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > Hi Maui Mike, > > > > OK, on topic and out of the shadows The investors.com chart shows a low > > of 911.06. I know that sometimes there are trades that confound the > > charting sites, so where can I get the same info you have? > > > > As for encoding Fib lines in DNA; that's a little far fetched even for this > > Trekker to consider My ecology understanding dictates that genes survive > > by increasing the reproductive success of the species. Now I can think > > "outside of the box" as good as the next scientist, but this one doesn't > > seem to be in the same room with the box Looks like an observation has > > been made, now you have postulated a theory, who's gonna test it > > > > Elliot wave theory is 'nother story and one that I don't have enuf knowledge > > to address at this time. > > > > There, now *that's* OT! > > > > Norm > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Thursday, August 29, 2002 4:01 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm and kelly, > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > 10:00. > > > It then rose and fell again with a turn later in the day at 911. So the > > turn > > > was actually lower than Ernie predicted. > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > them > > > have certainly been on the money and within what I would consider > > > "experimental error". > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > Einstein had about the uncertainty principal - without a rational > > > explanation for why it works (if it does reliably), its hard to believe in > > > it. > > > > > > I can understand fibonacci numbers recurring frequently in nature because > > > they could be somehow encoded in DNA, but I have a hard time seeing how > > they > > > could apply to the stock market. But then again, I haven't put any time > > into > > > trying to understand the causal connection and my comments are based > > largely > > > on ignorance. If any member of the group can explain a possible causal > > > relationship, I would find that helpful. > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > because 75% of stocks go with the flow. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > Sent: Thursday, August 29, 2002 10:36 AM > > > To: canslim@lists.xmission.com > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > Norm, > > > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > > Almost to the hour. I wonder if he tracks the success of his predictions. > > > > > > Kelly > > > > > > -----Original Message----- > > > From: Norman [mailto:theboyd@tisd.net] > > > Sent: Thursday, August 29, 2002 3:27 PM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > All, > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > those > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > > > apparently called this one perfectly. He predicted a turn window or > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > working. > > > For those of you who are not subscribed I copied last nights forecast > > below. > > > > > > Norm > > > > > > > > > Once again today could be the bottom, as we came within a whisker of the > > > 910-913 target range, and both of my short term cycle indicators are > > > suggesting that a turn is imminent. While the next target level of 876-884 > > > is still a possibility, at this point I would have to say that it is not > > > very likely that we will go that low. > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > termination of this short term down move. The most likely scenario for > > > tomorrow would be a move slightly lower into the target range or just > > below > > > before the market terminates the move, and begins to go higher. The second > > > most likely scenario is that the market will open higher and continue to > > > move higher from there. And the third most likely scenario would be a > > > continuation of the down move possibly as low as 900, with an intra-day > > > reversal featuring a closing price above at least 911. Each of these > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > likely > > > to go much lower, until we see the turn confirmation signal this market > > > could still reach the lower target range > > > > > > > > > > > > E > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > ____________________________________________________________________________ > > > For your protection, this e-mail message has been scanned for viruses. > > > Visit us at http://www.neoris.com/ > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] BLL Date: 30 Aug 2002 09:06:39 -0500 FWIW, BLL (97 93) has just BO off a horizontal handle with lower vol on a "typical" July 24th "V" cup. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] sell rules help Date: 30 Aug 2002 09:13:57 -0500 Hi all, I know I asked about COCO yesterday, but now as of this morning, I am up 20% , and am thinking hard about selling at least some to lock in that kind of profit. However, it has grown to this point after only a week, so is that a sign of real strength, and therefore does it need to be held for at least 8 weeks? Help! Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] sell rules help Date: 30 Aug 2002 10:08:03 -0500 Mike, ooooooh, in this M I don't know if the "hold if it goes up fast" rule will hold true. Since 3/02 I have been burned several times in this same situation. And several members have posted the same sad occurrence. That said, looks like at least some of the group is just pausing. Looking at the action on the competitors Katherine posted yesterday (UOPX, APOL, CECO, EDMC, STRA and DV; thanks K!) it looks like some pausing is occurring but not big selling. Maybe set a moderately tight s/l (if you can't sit at a computer) and hold on? But I'm not holding and don't how much of your port is tied up here; both variables would affect how I would react. I definitely would not let it erode below about a 10% profit; that would kill my confidence Congrats and good luck. Norm ----- Original Message ----- Sent: Friday, August 30, 2002 9:13 AM > Hi all, > > I know I asked about COCO yesterday, but now as of this morning, I am up > 20% , and am thinking hard about selling at least some to lock in that kind > of profit. However, it has grown to this point after only a week, so is > that a sign of real strength, and therefore does it need to be held for at > least 8 weeks? > > Help! > > Thanks > > Mike > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] BLL Date: 30 Aug 2002 10:11:03 -0500 Maybe will be a second chance at this one if the gap is filled soon. Even WON authorizes these pull-back 2nd chances. norm ----- Original Message ----- Sent: Friday, August 30, 2002 9:06 AM > FWIW, BLL (97 93) has just BO off a horizontal handle with lower vol on a > "typical" July 24th "V" cup. > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] sell rules help Date: 30 Aug 2002 10:12:10 -0500 Hi Mike, Money management under CANSLIM is a personal choice and not particularly guided by sell rules. Here's some thoughts on selling and money management in general: -The "up 20% in less than 8 wks may be a sign of a strong stock, so consider holding through the next correction" guideline is only from a valid buy point (valid breakout on volume from a valid base). If you're up 20% but entered early, then you're not talking apples and apples. -If you enter on a valid breakout, then money management past that point is a matter of choice. For example, you could: --Take 1/2 off the table after it's up a certain % and let the rest ride with normal sell rules --Keep all of it on the table and manage the entire position with 7-8% stop loss. --Keep it all on the table but manage stops on 1/2 differently than the other 1/2. For example, break even on 1/2, 7-8% on the other half --Sell all of it and be happy with the return. (You have to have no regrets if it continues higher) -- Etc. See, no hard and fast. The most important concept to take away from COCO is that you have to have a plan *before* you enter the position or you will waffle and regret. Katherine ----- Original Message ----- Sent: Friday, August 30, 2002 9:13 AM | Hi all, | | I know I asked about COCO yesterday, but now as of this morning, I am up | 20% , and am thinking hard about selling at least some to lock in that kind | of profit. However, it has grown to this point after only a week, so is | that a sign of real strength, and therefore does it need to be held for at | least 8 weeks? | | Help! | | Thanks | | Mike | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "DAVID KELLER, BLOOMBERG/ 499 PARK" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 30 Aug 2002 11:34:33 -0400 (EDT) Sorry!! Can someone tell me how to access the HGSI forum? I'd definitely be interested in partcipating. Thanks- Dave ----- Original Message ----- At: 8/30 9:32 > All, > > We DON'T really want to get into a rigorous examination of these phenomena, > on a case by case basis, and whither or not there is any cause & effect > relationship that can be assigned to them. Not here! > > I think this is the reason there was at one time a TA group formed from this > group. Maybe the folks in the HGSI forum would accommodate this discussion > as they seem to delve into TA a bit more than this group. > > Norm > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 7:08 AM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > even more examples of Fibonacci: bottom of a pine cone (each direction is > a > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > proportions), > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > Regarding why it works in the financial markets, check out the S&P from > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > > watching that?... > > > > ----- Original Message ----- > > From: Mike Gibbons > > At: 8/29 18:06 > > > > > Hi Norm, > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the > code > > by > > > which every organsim develops. So the "shape" of a > > > plant for example is determined by its DNA. I recall (although its been > a long > > > time ) that fibonacci numbers are found, for example, > > > in the number of leaves on a fern frond. In other words, that fibonacci > > pattern > > > must have been encoded in the DNA in some way. > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > survival than > > > ferns that didn't have fibonacci numbers encoded in > > > their DNA. Now we are definitely off topic, but I enjoy a little > intellectual > > > diversion sometimes. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > Sent: Thursday, August 29, 2002 11:14 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart shows a > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > > Trekker to consider My ecology understanding dictates that genes > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > has > > > > apparently called this one perfectly. He predicted a turn window or > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > working. > > > > For those of you who are not subscribed I copied last nights forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > the > > > > 910-913 target range, and both of my short term cycle indicators are > > > > suggesting that a turn is imminent. While the next target level of > 876-884 > > > > is still a possibility, at this point I would have to say that it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > termination of this short term down move. The most likely scenario for > > > > tomorrow would be a move slightly lower into the target range or just > > > below > > > > before the market terminates the move, and begins to go higher. The > second > > > > most likely scenario is that the market will open higher and continue > to > > > > move higher from there. And the third most likely scenario would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > likely > > > > to go much lower, until we see the turn confirmation signal this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Ernie's Forecasts Date: 30 Aug 2002 09:42:03 -0600 It is a yahoo group here is the link http://groups.yahoo.com/group/hgsinvestor/?yguid=83634894 It is moderated by the HGSI people. Its a good thread Dave Steckler and Duke Jones are on it a lot. Happy Trading, David Taggart -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of DAVID KELLER, BLOOMBERG/ 499 PARK Sent: Friday, August 30, 2002 9:35 AM Sorry!! Can someone tell me how to access the HGSI forum? I'd definitely be interested in partcipating. Thanks- Dave ----- Original Message ----- At: 8/30 9:32 > All, > > We DON'T really want to get into a rigorous examination of these phenomena, > on a case by case basis, and whither or not there is any cause & effect > relationship that can be assigned to them. Not here! > > I think this is the reason there was at one time a TA group formed from this > group. Maybe the folks in the HGSI forum would accommodate this discussion > as they seem to delve into TA a bit more than this group. > > Norm > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 7:08 AM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > even more examples of Fibonacci: bottom of a pine cone (each direction is > a > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > proportions), > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > Regarding why it works in the financial markets, check out the S&P from > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > > watching that?... > > > > ----- Original Message ----- > > From: Mike Gibbons > > At: 8/29 18:06 > > > > > Hi Norm, > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the > code > > by > > > which every organsim develops. So the "shape" of a > > > plant for example is determined by its DNA. I recall (although its been > a long > > > time ) that fibonacci numbers are found, for example, > > > in the number of leaves on a fern frond. In other words, that fibonacci > > pattern > > > must have been encoded in the DNA in some way. > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > survival than > > > ferns that didn't have fibonacci numbers encoded in > > > their DNA. Now we are definitely off topic, but I enjoy a little > intellectual > > > diversion sometimes. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > Sent: Thursday, August 29, 2002 11:14 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart shows a > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > > Trekker to consider My ecology understanding dictates that genes > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > has > > > > apparently called this one perfectly. He predicted a turn window or > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > working. > > > > For those of you who are not subscribed I copied last nights forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > the > > > > 910-913 target range, and both of my short term cycle indicators are > > > > suggesting that a turn is imminent. While the next target level of > 876-884 > > > > is still a possibility, at this point I would have to say that it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > termination of this short term down move. The most likely scenario for > > > > tomorrow would be a move slightly lower into the target range or just > > > below > > > > before the market terminates the move, and begins to go higher. The > second > > > > most likely scenario is that the market will open higher and continue > to > > > > move higher from there. And the third most likely scenario would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > likely > > > > to go much lower, until we see the turn confirmation signal this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 30 Aug 2002 10:43:33 -0500 Hi David, http://groups.yahoo.com/group/hgsinvestor/ and http://www.highgrowthstock.com/ Katherine ----- Original Message ----- Sent: Friday, August 30, 2002 10:34 AM | Sorry!! | | Can someone tell me how to access the HGSI forum? I'd definitely be interested | in partcipating. Thanks- Dave | | | ----- Original Message ----- | From: Norman | At: 8/30 9:32 | | > All, | > | > We DON'T really want to get into a rigorous examination of these phenomena, | > on a case by case basis, and whither or not there is any cause & effect | > relationship that can be assigned to them. Not here! | > | > I think this is the reason there was at one time a TA group formed from this | > group. Maybe the folks in the HGSI forum would accommodate this discussion | > as they seem to delve into TA a bit more than this group. | > | > Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] HGSI Date: 30 Aug 2002 10:51:40 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_05C7_01C25013.38EAAE20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable http://groups.yahoo.com/group/hgsinvestor/ Dave, what does BloombergLP stand for? ----- Original Message -----=20 From: DAVID KELLER, BLOOMBERG/ 499 PARK=20 To: canslim@LISTS.XMISSION.COM=20 Sent: Friday, August 30, 2002 10:34 AM Subject: Re: [CANSLIM] Ernie's Forecasts Sorry!! Can someone tell me how to access the HGSI forum? I'd definitely be = interested=20 in partcipating. Thanks- Dave ----- Original Message ----- From: Norman At: 8/30 9:32 > All, >=20 > We DON'T really want to get into a rigorous examination of these = phenomena, > on a case by case basis, and whither or not there is any cause & = effect > relationship that can be assigned to them. Not here! >=20 > I think this is the reason there was at one time a TA group formed = from this > group. Maybe the folks in the HGSI forum would accommodate this = discussion > as they seem to delve into TA a bit more than this group. >=20 > Norm > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 7:08 AM > Subject: RE: [CANSLIM] Ernie's Forecasts >=20 >=20 > > even more examples of Fibonacci: bottom of a pine cone (each = direction is > a > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > proportions), > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > Regarding why it works in the financial markets, check out the S&P = from > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the = street was > > watching that?... > > > > ----- Original Message ----- > > From: Mike Gibbons > > At: 8/29 18:06 > > > > > Hi Norm, > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA = transmits the > code > > by > > > which every organsim develops. So the "shape" of a > > > plant for example is determined by its DNA. I recall (although = its been > a long > > > time ) that fibonacci numbers are found, for example, > > > in the number of leaves on a fern frond. In other words, that = fibonacci > > pattern > > > must have been encoded in the DNA in some way. > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > survival than > > > ferns that didn't have fibonacci numbers encoded in > > > their DNA. Now we are definitely off topic, but I enjoy a little > intellectual > > > diversion sometimes. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > Sent: Thursday, August 29, 2002 11:14 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart = shows a > low > > > of 911.06. I know that sometimes there are trades that confound = the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched = even for > this > > > Trekker to consider My ecology understanding dictates that = genes > survive > > > by increasing the reproductive success of the species. Now I = can think > > > "outside of the box" as good as the next scientist, but this one = doesn't > > > seem to be in the same room with the box Looks like an = observation > has > > > been made, now you have postulated a theory, who's gonna test = it > > > > > > Elliot wave theory is 'nother story and one that I don't have = enuf > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at = about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at = 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been = following > > > them > > > > have certainly been on the money and within what I would = consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave = Theory as > > > > Einstein had about the uncertainty principal - without a = rational > > > > explanation for why it works (if it does reliably), its hard = to > believe in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in = nature > because > > > > they could be somehow encoded in DNA, but I have a hard time = seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put = any > time > > > into > > > > trying to understand the causal connection and my comments are = based > > > largely > > > > on ignorance. If any member of the group can explain a = possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to = CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly = Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is = interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you = notice he > has > > > > apparently called this one perfectly. He predicted a turn = window or > > > > 910-913. Today it turned at 911.06. For now, his crystal = ball is > > > working. > > > > For those of you who are not subscribed I copied last nights = forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a = whisker of > the > > > > 910-913 target range, and both of my short term cycle = indicators are > > > > suggesting that a turn is imminent. While the next target = level of > 876-884 > > > > is still a possibility, at this point I would have to say that = it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target = for the > > > > termination of this short term down move. The most likely = scenario for > > > > tomorrow would be a move slightly lower into the target range = or just > > > below > > > > before the market terminates the move, and begins to go = higher. The > second > > > > most likely scenario is that the market will open higher and = continue > to > > > > move higher from there. And the third most likely scenario = would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of = these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn = and not > > > likely > > > > to go much lower, until we see the turn confirmation signal = this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > = _________________________________________________________________________= ___ > > > > For your protection, this e-mail message has been scanned for = viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > >=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_05C7_01C25013.38EAAE20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
http://groups.yahoo.c= om/group/hgsinvestor/
 
Dave, what does BloombergLP stand=20 for?
 
 
----- Original Message -----
From:=20 DAVID=20 KELLER, BLOOMBERG/ 499 PARK
Sent: Friday, August 30, 2002 = 10:34=20 AM
Subject: Re: [CANSLIM] Ernie's=20 Forecasts

Sorry!!

Can someone tell me how to access the = HGSI=20 forum?  I'd definitely be interested
in partcipating.  = Thanks-=20 Dave


----- Original Message -----
From: Norman  = <canslim@lists.xmission.com= >
At: =20 8/30  9:32

> All,
>
> We DON'T really want = to get=20 into a rigorous examination of these phenomena,
> on a case by = case=20 basis, and whither or not there is any cause & effect
> = relationship=20 that can be assigned to them.  Not here!
>
> I think = this is=20 the reason there was at one time a TA group formed from this
>=20 group.  Maybe the folks in the HGSI forum would accommodate this=20 discussion
> as they seem to delve into TA a bit more than this=20 group.
>
> Norm
> ----- Original Message = -----
>=20 From: "DAVID KELLER, BLOOMBERG/ 499 PARK" <DKELLER2@bloomberg.net>
= >=20 To: <canslim@lists.xmission.com= >
>=20 Sent: Friday, August 30, 2002 7:08 AM
> Subject: RE: [CANSLIM] = Ernie's=20 Forecasts
>
>
> > even more examples of = Fibonacci:=20 bottom of a pine cone (each direction is
> a
> > = Fibonacci=20 number), architecture (Parthenon's columns use Fibonacci
>=20 proportions),
> >  or my personal favorite: music = (Beethoven's=20 5th, Dvorak, etc)...
> >
> > Regarding why it works = in the=20 financial markets, check out the S&P from
> > = 5/01-12/01. =20 61.8% almost to the dollar.  Think anyone on the street = was
> >=20 watching that?...
> >
> > ----- Original Message=20 -----
> > From: Mike Gibbons  <canslim@lists.xmission.com= >
>=20 > At:  8/29 18:06
> >
> > > Hi = Norm,
> >=20 >
> > > My information came from quotetracker as=20 follows:
> > >
> > >
> > >
> = >=20 > As for my hypothesis about DNA and fibonacci numbers: DNA = transmits=20 the
> code
> > by
> > > which every = organsim=20 develops. So the "shape" of a
> > > plant for example is=20 determined by its DNA. I recall (although its been
> a = long
> >=20 > time ) that fibonacci numbers are found, for example,
> = > >=20 in the number of leaves on a fern frond. In other words, that=20 fibonacci
> > pattern
> > > must have been = encoded in the=20 DNA in some way.
> > > Presumanbly, also, ferns with that = DNA=20 pattern were "fitter" for
> survival than
> > > = ferns that=20 didn't have fibonacci numbers encoded in
> > > their DNA. = Now we=20 are definitely off topic, but I enjoy a little
> = intellectual
>=20 > > diversion sometimes.
> > >
> > >=20 Aloha,
> > >
> > > Mike Gibbons
> > = >=20 Proactive Technologies, LLC
> > > http://www.proactech.com
> = >=20 >
> > >
> > > -----Original = Message-----
>=20 > > From: owner-canslim@lists.xmis= sion.com
>=20 > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Norman
>=20 > > Sent: Thursday, August 29, 2002 11:14 AM
> > > = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com=
>=20 > > Subject: Re: [CANSLIM] Ernie's Forecasts
> > = >
>=20 > >
> > > Hi Maui Mike,
> > >
> = > >=20 OK, on topic and out of the shadows<G>  The investors.com = chart=20 shows a
> low
> > > of 911.06.  I know that = sometimes=20 there are trades that confound the
> > > charting sites, = so where=20 can I get the same info you have?
> > >
> > > = As for=20 encoding Fib lines in DNA; that's a little far fetched even = for
>=20 this
> > > Trekker to consider<G>  My ecology=20 understanding dictates that genes
> survive
> > > by = increasing the reproductive success of the species.  Now I can=20 think
> > > "outside of the box" as good as the next = scientist,=20 but this one doesn't
> > > seem to be in the same room = with the=20 box<g>  Looks like an observation
> has
> > = >=20 been made, now you have postulated a theory, who's gonna test=20 it<G>
> > >
> > > Elliot wave theory is = 'nother=20 story and one that I don't have enuf
> knowledge
> > = > to=20 address at this time.
> > >
> > > There, now = *that's*=20 OT!
> > >
> > > Norm
> > > ----- = Original=20 Message -----
> > > From: "Mike Gibbons" <mikegibbons@proactech.com&g= t;
>=20 > > To: <canslim@lists.xmission.com= >
>=20 > > Sent: Thursday, August 29, 2002 4:01 PM
> > > = RE: [CANSLIM] Ernie's Forecasts
> > >
> > = >
>=20 > > > Norm and kelly,
> > > >
> > = > > I=20 don't want to be picky, but the S&P 500 sank to below 905 at = about
>=20 > > 10:00.
> > > > It then rose and fell again = with a=20 turn later in the day at 911. So
> the
> > > = turn
>=20 > > > was actually lower than Ernie predicted.
> > = >=20 >
> > > > That said, I do agree that Ernie's = forecasts since=20 I've been following
> > > them
> > > > have = certainly been on the money and within what I would consider
> = > >=20 > "experimental error".
> > > >
> > > = >=20 However, I have the same kind of feeling about Elliot Wave Theory = as
>=20 > > > Einstein had about the uncertainty principal - without = a=20 rational
> > > > explanation for why it works (if it = does=20 reliably), its hard to
> believe in
> > > > = it.
>=20 > > >
> > > > I can understand fibonacci = numbers=20 recurring frequently in nature
> because
> > > > = they=20 could be somehow encoded in DNA, but I have a hard time seeing
> = how
> > > they
> > > > could apply to the = stock=20 market. But then again, I haven't put any
> time
> > = >=20 into
> > > > trying to understand the causal connection = and my=20 comments are based
> > > largely
> > > > on = ignorance. If any member of the group can explain a possible = causal
>=20 > > > relationship, I would find that helpful.
> > = >=20 >
> > > > Also, why is this off topic? Understanding = M is=20 fundamental to CANSLIM
> > > > because 75% of stocks go = with=20 the flow.
> > > >
> > > > Aloha,
> = >=20 > >
> > > > Mike Gibbons
> > > > = Proactive=20 Technologies, LLC
> > > > http://www.proactech.com
> = > >=20 >
> > > >
> > > > -----Original=20 Message-----
> > > > From: owner-canslim@lists.xmis= sion.com
>=20 > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Kelly=20 Short
> > > > Sent: Thursday, August 29, 2002 10:36 = AM
>=20 > > > To: canslim@lists.xmission.com=
>=20 > > > Subject: RE: [CANSLIM] Ernie's Forecasts
> > = >=20 >
> > > >
> > > > Norm,
> > = >=20 >
> > > > I was commenting at lunch at perfectly he = called=20 it today and
> yesterday.
> > > > Almost to the = hour. I=20 wonder if he tracks the success of his
> predictions.
> = > >=20 >
> > > > Kelly
> > > >
> > = >=20 > -----Original Message-----
> > > > From: Norman=20 [mailto:theboyd@tisd.net]
> > > > Sent: Thursday, = August 29,=20 2002 3:27 PM
> > > > To: canslim@lists.xmission.com=
>=20 > > > Subject: [CANSLIM] Ernie's Forecasts
> > >=20 >
> > > >
> > > > All,
> > = >=20 >
> > > > I know it's a little (OK a lot<G>) = off=20 topic, but is interesting.  For
> > > those
> = > >=20 > of you who subscribed to Ernie's S&P 500 forecasts, did you = notice=20 he
> has
> > > > apparently called this one=20 perfectly.  He predicted a turn window or
> > > >=20 910-913.  Today it turned at 911.06.  For now, his crystal = ball=20 is
> > > working.
> > > > For those of you = who are=20 not subscribed I copied last nights forecast
> > > = below.
>=20 > > >
> > > > Norm
> > > = >
> >=20 > >
> > > > Once again today could be the bottom, = as we=20 came within a whisker of
> the
> > > > 910-913 = target=20 range, and both of my short term cycle indicators are
> > = > >=20 suggesting that a turn is imminent. While the next target level = of
>=20 876-884
> > > > is still a possibility, at this point I = would=20 have to say that it is
> not
> > > > very likely = that we=20 will go that low.
> > > >
> > > = >
> >=20 > >
> > > > The 910-913 range has emerged as the = high=20 probability target for the
> > > > termination of this = short=20 term down move. The most likely scenario for
> > > > = tomorrow=20 would be a move slightly lower into the target range or just
> = > >=20 below
> > > > before the market terminates the move, = and begins=20 to go higher. The
> second
> > > > most likely = scenario=20 is that the market will open higher and continue
> to
> = > >=20 > move higher from there. And the third most likely scenario would = be=20 a
> > > > continuation of the down move possibly as low = as 900,=20 with an
> intra-day
> > > > reversal featuring a = closing=20 price above at least 911. Each of these
> > > > = scenarios=20 involves the 910-913 target range.
> > > >
> > = >=20 >
> > > >
> > > > Despite the high=20 probability that we are about to make a turn and not
> > > = likely
> > > > to go much lower, until we see the turn=20 confirmation signal this
> market
> > > > could = still=20 reach the lower target range
> > > >
> > >=20 >
> > > >
> > > > E
> > > = >
> > > >
> > > >
> > > = >=20 -
> > > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 > -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 > > >
> > > >
> > >
>=20 = _________________________________________________________________________= ___
>=20 > > > For your protection, this e-mail message has been = scanned for=20 viruses.
> > > > Visit us at http://www.neoris.com/
> = > >=20 >
> > > > -
> > > > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 > -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 > > >
> > > >
> > > > -
> = >=20 > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 > -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 > > >
> > > >
> > >
> >=20 >
> > > -
> > > -To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
>= ;=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 -"unsubscribe canslim".  Do not use quotes in your email.
> = >
> >
> >
>
>
> -
> -To = subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your = email.



-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_05C7_01C25013.38EAAE20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "DAVID KELLER, BLOOMBERG/ 499 PARK" Subject: Re: [CANSLIM] HGSI Date: 30 Aug 2002 11:48:24 -0400 (EDT) > THIS IS A MESSAGE IN 'MIME' FORMAT. Your mail reader does not support MIME. > Some parts of this will be readable as plain text. > To see the rest, you will need to upgrade your mail reader. --PART.BOUNDARY.2960.10250.n281.1030722504.10039 Content-Type: text/plain Content-Transfer-Encoding: 7bit Content-ID: <2960_10250_1030722504_505@n281> Bloomberg is a financial information system. Mostly institutional clients, some individuals as well. ----- Original Message ----- At: 8/30 11:45 > http://groups.yahoo.com/group/hgsinvestor/ > > Dave, what does BloombergLP stand for? > > > ----- Original Message ----- > From: DAVID KELLER, BLOOMBERG/ 499 PARK > To: canslim@LISTS.XMISSION.COM > Sent: Friday, August 30, 2002 10:34 AM > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Sorry!! > > Can someone tell me how to access the HGSI forum? I'd definitely be > interested > in partcipating. Thanks- Dave > > > ----- Original Message ----- > From: Norman > At: 8/30 9:32 > > > All, > > > > We DON'T really want to get into a rigorous examination of these phenomena, > > on a case by case basis, and whither or not there is any cause & effect > > relationship that can be assigned to them. Not here! > > > > I think this is the reason there was at one time a TA group formed from this > > group. Maybe the folks in the HGSI forum would accommodate this discussion > > as they seem to delve into TA a bit more than this group. > > > > Norm > > ----- Original Message ----- > > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > > To: > > Sent: Friday, August 30, 2002 7:08 AM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > even more examples of Fibonacci: bottom of a pine cone (each direction is > > a > > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > > proportions), > > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > > > Regarding why it works in the financial markets, check out the S&P from > > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > > > watching that?... > > > > > > ----- Original Message ----- > > > From: Mike Gibbons > > > At: 8/29 18:06 > > > > > > > Hi Norm, > > > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the > > code > > > by > > > > which every organsim develops. So the "shape" of a > > > > plant for example is determined by its DNA. I recall (although its been > > a long > > > > time ) that fibonacci numbers are found, for example, > > > > in the number of leaves on a fern frond. In other words, that fibonacci > > > pattern > > > > must have been encoded in the DNA in some way. > > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > > survival than > > > > ferns that didn't have fibonacci numbers encoded in > > > > their DNA. Now we are definitely off topic, but I enjoy a little > > intellectual > > > > diversion sometimes. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > > Sent: Thursday, August 29, 2002 11:14 AM > > > > To: canslim@lists.xmission.com > > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Hi Maui Mike, > > > > > > > > OK, on topic and out of the shadows The investors.com chart shows a > > low > > > > of 911.06. I know that sometimes there are trades that confound the > > > > charting sites, so where can I get the same info you have? > > > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > > this > > > > Trekker to consider My ecology understanding dictates that genes > > survive > > > > by increasing the reproductive success of the species. Now I can think > > > > "outside of the box" as good as the next scientist, but this one doesn't > > > > seem to be in the same room with the box Looks like an observation > > has > > > > been made, now you have postulated a theory, who's gonna test it > > > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > > knowledge > > > > to address at this time. > > > > > > > > There, now *that's* OT! > > > > > > > > Norm > > > > ----- Original Message ----- > > > > From: "Mike Gibbons" > > > > To: > > > > Sent: Thursday, August 29, 2002 4:01 PM > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > > Norm and kelly, > > > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > > 10:00. > > > > > It then rose and fell again with a turn later in the day at 911. So > > the > > > > turn > > > > > was actually lower than Ernie predicted. > > > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > > them > > > > > have certainly been on the money and within what I would consider > > > > > "experimental error". > > > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > > Einstein had about the uncertainty principal - without a rational > > > > > explanation for why it works (if it does reliably), its hard to > > believe in > > > > > it. > > > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > > because > > > > > they could be somehow encoded in DNA, but I have a hard time seeing > > how > > > > they > > > > > could apply to the stock market. But then again, I haven't put any > > time > > > > into > > > > > trying to understand the causal connection and my comments are based > > > > largely > > > > > on ignorance. If any member of the group can explain a possible causal > > > > > relationship, I would find that helpful. > > > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > > because 75% of stocks go with the flow. > > > > > > > > > > Aloha, > > > > > > > > > > Mike Gibbons > > > > > Proactive Technologies, LLC > > > > > http://www.proactech.com > > > > > > > > > > > > > > > -----Original Message----- > > > > > From: owner-canslim@lists.xmission.com > > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > > To: canslim@lists.xmission.com > > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > > > > Norm, > > > > > > > > > > I was commenting at lunch at perfectly he called it today and > > yesterday. > > > > > Almost to the hour. I wonder if he tracks the success of his > > predictions. > > > > > > > > > > Kelly > > > > > > > > > > -----Original Message----- > > > > > From: Norman [mailto:theboyd@tisd.net] > > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > > To: canslim@lists.xmission.com > > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > > > > All, > > > > > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > > > those > > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > > has > > > > > apparently called this one perfectly. He predicted a turn window or > > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > > working. > > > > > For those of you who are not subscribed I copied last nights forecast > > > > below. > > > > > > > > > > Norm > > > > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > > the > > > > > 910-913 target range, and both of my short term cycle indicators are > > > > > suggesting that a turn is imminent. While the next target level of > > 876-884 > > > > > is still a possibility, at this point I would have to say that it is > > not > > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > > termination of this short term down move. The most likely scenario for > > > > > tomorrow would be a move slightly lower into the target range or just > > > > below > > > > > before the market terminates the move, and begins to go higher. The > > second > > > > > most likely scenario is that the market will open higher and continue > > to > > > > > move higher from there. And the third most likely scenario would be a > > > > > continuation of the down move possibly as low as 900, with an > > intra-day > > > > > reversal featuring a closing price above at least 911. Each of these > > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > > likely > > > > > to go much lower, until we see the turn confirmation signal this > > market > > > > > could still reach the lower target range > > > > > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > ____________________________________________________________________________ > > > > > For your protection, this e-mail message has been scanned for viruses. > > > > > Visit us at http://www.neoris.com/ > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. --PART.BOUNDARY.2960.10250.n281.1030722504.10039 Content-Type: application/octet-stream; name="42203937.htm" Content-Transfer-Encoding: 7bit Content-Disposition: ATTACHMENT; filename="42203937.htm" Content-ID: <2960_10250_1030722504_506@n281>
 
Dave, what does BloombergLP stand for?
 
 
----- Original Message -----
Sent: Friday, August 30, 2002 10:34 AM
Subject: Re: [CANSLIM] Ernie's Forecasts

Sorry!!

Can someone tell me how to access the HGSI forum?  I'd definitely be interested
in partcipating.  Thanks- Dave


----- Original Message -----
From: Norman  <canslim@lists.xmission.com>
At:  8/30  9:32

> All,
>
> We DON'T really want to get into a rigorous examination of these phenomena,
> on a case by case basis, and whither or not there is any cause & effect
> relationship that can be assigned to them.  Not here!
>
> I think this is the reason there was at one time a TA group formed from this
> group.  Maybe the folks in the HGSI forum would accommodate this discussion
> as they seem to delve into TA a bit more than this group.
>
> Norm
> ----- Original Message -----
> From: "DAVID KELLER, BLOOMBERG/ 499 PARK" <DKELLER2@bloomberg.net>
> To: <canslim@lists.xmission.com>
> Sent: Friday, August 30, 2002 7:08 AM
> Subject: RE: [CANSLIM] Ernie's Forecasts
>
>
> > even more examples of Fibonacci: bottom of a pine cone (each direction is
> a
> > Fibonacci number), architecture (Parthenon's columns use Fibonacci
> proportions),
> >  or my personal favorite: music (Beethoven's 5th, Dvorak, etc)...
> >
> > Regarding why it works in the financial markets, check out the S&P from
> > 5/01-12/01.  61.8% almost to the dollar.  Think anyone on the street was
> > watching that?...
> >
> > ----- Original Message -----
> > From: Mike Gibbons  <canslim@lists.xmission.com>
> > At:  8/29 18:06
> >
> > > Hi Norm,
> > >
> > > My information came from quotetracker as follows:
> > >
> > >
> > >
> > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the
> code
> > by
> > > which every organsim develops. So the "shape" of a
> > > plant for example is determined by its DNA. I recall (although its been
> a long
> > > time ) that fibonacci numbers are found, for example,
> > > in the number of leaves on a fern frond. In other words, that fibonacci
> > pattern
> > > must have been encoded in the DNA in some way.
> > > Presumanbly, also, ferns with that DNA pattern were "fitter" for
> survival than
> > > ferns that didn't have fibonacci numbers encoded in
> > > their DNA. Now we are definitely off topic, but I enjoy a little
> intellectual
> > > diversion sometimes.
> > >
> > > Aloha,
> > >
> > > Mike Gibbons
> > > Proactive Technologies, LLC
> > > http://www.proactech.com
> > >
> > >
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman
> > > Sent: Thursday, August 29, 2002 11:14 AM
> > > To: canslim@lists.xmission.com
> > > Subject: Re: [CANSLIM] Ernie's Forecasts
> > >
> > >
> > > Hi Maui Mike,
> > >
> > > OK, on topic and out of the shadows<G>  The investors.com chart shows a
> low
> > > of 911.06.  I know that sometimes there are trades that confound the
> > > charting sites, so where can I get the same info you have?
> > >
> > > As for encoding Fib lines in DNA; that's a little far fetched even for
> this
> > > Trekker to consider<G>  My ecology understanding dictates that genes
> survive
> > > by increasing the reproductive success of the species.  Now I can think
> > > "outside of the box" as good as the next scientist, but this one doesn't
> > > seem to be in the same room with the box<g>  Looks like an observation
> has
> > > been made, now you have postulated a theory, who's gonna test it<G>
> > >
> > > Elliot wave theory is 'nother story and one that I don't have enuf
> knowledge
> > > to address at this time.
> > >
> > > There, now *that's* OT!
> > >
> > > Norm
> > > ----- Original Message -----
> > > From: "Mike Gibbons" <mikegibbons@proactech.com>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Thursday, August 29, 2002 4:01 PM
> > > Subject: RE: [CANSLIM] Ernie's Forecasts
> > >
> > >
> > > > Norm and kelly,
> > > >
> > > > I don't want to be picky, but the S&P 500 sank to below 905 at about
> > > 10:00.
> > > > It then rose and fell again with a turn later in the day at 911. So
> the
> > > turn
> > > > was actually lower than Ernie predicted.
> > > >
> > > > That said, I do agree that Ernie's forecasts since I've been following
> > > them
> > > > have certainly been on the money and within what I would consider
> > > > "experimental error".
> > > >
> > > > However, I have the same kind of feeling about Elliot Wave Theory as
> > > > Einstein had about the uncertainty principal - without a rational
> > > > explanation for why it works (if it does reliably), its hard to
> believe in
> > > > it.
> > > >
> > > > I can understand fibonacci numbers recurring frequently in nature
> because
> > > > they could be somehow encoded in DNA, but I have a hard time seeing
> how
> > > they
> > > > could apply to the stock market. But then again, I haven't put any
> time
> > > into
> > > > trying to understand the causal connection and my comments are based
> > > largely
> > > > on ignorance. If any member of the group can explain a possible causal
> > > > relationship, I would find that helpful.
> > > >
> > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM
> > > > because 75% of stocks go with the flow.
> > > >
> > > > Aloha,
> > > >
> > > > Mike Gibbons
> > > > Proactive Technologies, LLC
> > > > http://www.proactech.com
> > > >
> > > >
> > > > -----Original Message-----
> > > > From: owner-canslim@lists.xmission.com
> > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
> > > > Sent: Thursday, August 29, 2002 10:36 AM
> > > > To: canslim@lists.xmission.com
> > > > Subject: RE: [CANSLIM] Ernie's Forecasts
> > > >
> > > >
> > > > Norm,
> > > >
> > > > I was commenting at lunch at perfectly he called it today and
> yesterday.
> > > > Almost to the hour. I wonder if he tracks the success of his
> predictions.
> > > >
> > > > Kelly
> > > >
> > > > -----Original Message-----
> > > > From: Norman [mailto:theboyd@tisd.net]
> > > > Sent: Thursday, August 29, 2002 3:27 PM
> > > > To: canslim@lists.xmission.com
> > > > Subject: [CANSLIM] Ernie's Forecasts
> > > >
> > > >
> > > > All,
> > > >
> > > > I know it's a little (OK a lot<G>) off topic, but is interesting.  For
> > > those
> > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he
> has
> > > > apparently called this one perfectly.  He predicted a turn window or
> > > > 910-913.  Today it turned at 911.06.  For now, his crystal ball is
> > > working.
> > > > For those of you who are not subscribed I copied last nights forecast
> > > below.
> > > >
> > > > Norm
> > > >
> > > >
> > > > Once again today could be the bottom, as we came within a whisker of
> the
> > > > 910-913 target range, and both of my short term cycle indicators are
> > > > suggesting that a turn is imminent. While the next target level of
> 876-884
> > > > is still a possibility, at this point I would have to say that it is
> not
> > > > very likely that we will go that low.
> > > >
> > > >
> > > >
> > > > The 910-913 range has emerged as the high probability target for the
> > > > termination of this short term down move. The most likely scenario for
> > > > tomorrow would be a move slightly lower into the target range or just
> > > below
> > > > before the market terminates the move, and begins to go higher. The
> second
> > > > most likely scenario is that the market will open higher and continue
> to
> > > > move higher from there. And the third most likely scenario would be a
> > > > continuation of the down move possibly as low as 900, with an
> intra-day
> > > > reversal featuring a closing price above at least 911. Each of these
> > > > scenarios involves the 910-913 target range.
> > > >
> > > >
> > > >
> > > > Despite the high probability that we are about to make a turn and not
> > > likely
> > > > to go much lower, until we see the turn confirmation signal this
> market
> > > > could still reach the lower target range
> > > >
> > > >
> > > >
> > > > E
> > > >
> > > >
> > > >
> > > > -
> > > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > > > -In the email body, write "subscribe canslim" or
> > > > -"unsubscribe canslim".  Do not use quotes in your email.
> > > >
> > > >
> > >
> ____________________________________________________________________________
> > > > For your protection, this e-mail message has been scanned for viruses.
> > > > Visit us at http://www.neoris.com/
> > > >
> > > > -
> > > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > > > -In the email body, write "subscribe canslim" or
> > > > -"unsubscribe canslim".  Do not use quotes in your email.
> > > >
> > > >
> > > > -
> > > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > > > -In the email body, write "subscribe canslim" or
> > > > -"unsubscribe canslim".  Do not use quotes in your email.
> > > >
> > > >
> > >
> > >
> > > -
> > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > > -In the email body, write "subscribe canslim" or
> > > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> >
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.



-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in your email.
--PART.BOUNDARY.2960.10250.n281.1030722504.10039-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 30 Aug 2002 12:14:21 -0500 Tom (or anyone), You mentioned something about yahoo and losing less at "neutral" vs "sell". The last 3 posts in response to David's request are an indication of why yahoo is still around and a valid .com company. Not counting how many off-group responses he got (including mine). Yahoo gets a LOT of traffic (I use 3 of their groups myself). Sure, mostly it's free but what if they started charging a nominal fee (the N in canslim)? How many of us would pay, say $10-20 for full access? How many folks are paying more for AOL? Example: drop AOL, subscribe to one of the $9 isp's, subscribe to yahoo full access; cost is $30 bucks - the $22 AOL savings, and you have everything you already had + "yahoo plus" and a good stock investment, for $8 more than you paid for just AOL (most, if not all of AOLs services can be had for free elsewhere). AOL made it's big run with less than 20 million subscribers (or there bouts). How many folks would pay for full access to yahoo with some extras thrown in as is usually the case when payment is solicited? Just thinking out loud... [I have to get all my yearly posts in today because I have to go back to the salt mines next week] Norm ----- Original Message ----- Sent: Friday, August 30, 2002 10:43 AM > Hi David, > > http://groups.yahoo.com/group/hgsinvestor/ and > http://www.highgrowthstock.com/ > > Katherine > > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 10:34 AM > Subject: Re: [CANSLIM] Ernie's Forecasts > > > | Sorry!! > | > | Can someone tell me how to access the HGSI forum? I'd definitely be > interested > | in partcipating. Thanks- Dave > | > | > | ----- Original Message ----- > | From: Norman > | At: 8/30 9:32 > | > | > All, > | > > | > We DON'T really want to get into a rigorous examination of these > phenomena, > | > on a case by case basis, and whither or not there is any cause & effect > | > relationship that can be assigned to them. Not here! > | > > | > I think this is the reason there was at one time a TA group formed from > this > | > group. Maybe the folks in the HGSI forum would accommodate this > discussion > | > as they seem to delve into TA a bit more than this group. > | > > | > Norm > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: [CANSLIM] Telecom Musings Date: 30 Aug 2002 13:57:16 -0400 All, Have used many Yahoo services free for years. One I especially like is their e-mail. They have a service that allows me to use a Yahoo address (e.g. jeff@yahoo.com) and then have the messages auto-forwarded to my private (ISP provided) account (e.g. jeff@earthlink.com). This is good for two reasons. One, Yahoo filters out the bulk of spam. Two, my e-mail address remains the same no matter how often I change ISPs - a great help to friends and family. They now charge $10 per year and I gladly pay. Yahoo has a radio-like service called Launch.com. I'm a jaded person, but am excited about this. It is free, but allows each person to create their own, custom radio station. I initially specified genres, artists, albums, and songs I like. It then starts playing those selections plus others mixed in. For each song played, I can vote on the song itself, the artist, or the album. Votes go from zero (don't ever play again) to ten (love it). Also I don't have to vote at all, in which case a 5 is the default. After a few hours of listening and voting on some songs, it "figures out" the type of music to introduce. When a song is playing I can get biographical info. on the artist, album, etc. It is advertiser supported, and you can buy music directly through their link. I've stopped listening to the regular radio at home and in the office. I'm glad to listen to commercials on a station customized for me. I think this service will take off. Also, I'm seeing stories about Web services offering plans that charge an annual fee and then reduce or eliminate advertising. These are supposed to be doing well, but I don't know for sure. Disclosure: as a telecomm engineer and it is in my best interest to promote internet services. THOUGHTS ABOUT AOL. In general, the most desired on-line services (such as Yahoo's Launch Radio) work best with a connection faster than the typical home modem of 56K. And, faster connections are now available in most cities with 50,000 people or more for about $30-40 per month. However, 56K modems are AOL's profit center. With telecomm infrastructure now available for pennies on the dollar, I bet AOL will swoop in and make some acquisitions so they can sell faster connections. Here at Marriott Hotels, lots and lots of room reservations are made from our web site. I am talking about figures like millions of dollars per hour. So, no doubt the internet is not dead. However, IBD is right about huge over capacity (I'm lucky to still have a job). I sure won't be buying any telecomm stocks for the foreseeable future. Hope this can provide a little help (hopefully not too biased). jg -----Original Message----- Sent: Friday, August 30, 2002 1:14 PM Tom (or anyone), You mentioned something about yahoo and losing less at "neutral" vs "sell". The last 3 posts in response to David's request are an indication of why yahoo is still around and a valid .com company. Not counting how many off-group responses he got (including mine). Yahoo gets a LOT of traffic (I use 3 of their groups myself). Sure, mostly it's free but what if they started charging a nominal fee (the N in canslim)? How many of us would pay, say $10-20 for full access? How many folks are paying more for AOL? Example: drop AOL, subscribe to one of the $9 isp's, subscribe to yahoo full access; cost is $30 bucks - the $22 AOL savings, and you have everything you already had + "yahoo plus" and a good stock investment, for $8 more than you paid for just AOL (most, if not all of AOLs services can be had for free elsewhere). AOL made it's big run with less than 20 million subscribers (or there bouts). How many folks would pay for full access to yahoo with some extras thrown in as is usually the case when payment is solicited? Just thinking out loud... [I have to get all my yearly posts in today because I have to go back to the salt mines next week] Norm ----- Original Message ----- Sent: Friday, August 30, 2002 10:43 AM > Hi David, > > http://groups.yahoo.com/group/hgsinvestor/ and > http://www.highgrowthstock.com/ > > Katherine > > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 10:34 AM > Subject: Re: [CANSLIM] Ernie's Forecasts > > > | Sorry!! > | > | Can someone tell me how to access the HGSI forum? I'd definitely be > interested > | in partcipating. Thanks- Dave > | > | > | ----- Original Message ----- > | From: Norman > | At: 8/30 9:32 > | > | > All, > | > > | > We DON'T really want to get into a rigorous examination of these > phenomena, > | > on a case by case basis, and whither or not there is any cause & effect > | > relationship that can be assigned to them. Not here! > | > > | > I think this is the reason there was at one time a TA group formed from > this > | > group. Maybe the folks in the HGSI forum would accommodate this > discussion > | > as they seem to delve into TA a bit more than this group. > | > > | > Norm > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] sell rules help Date: 30 Aug 2002 11:54:33 -0500 Thanks for all the advice. Even going in with a plan on what too sell, it is so hard to overcome emotion when it is time to pull the trigger. I guess that is why they invented stops! (smile) For now, I am going to let it ride, but use a trailing stop loss at 10% gain. Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] sell rules help ission.com 08/30/2002 10:12 AM Please respond to canslim Hi Mike, Money management under CANSLIM is a personal choice and not particularly guided by sell rules. Here's some thoughts on selling and money management in general: -The "up 20% in less than 8 wks may be a sign of a strong stock, so consider holding through the next correction" guideline is only from a valid buy point (valid breakout on volume from a valid base). If you're up 20% but entered early, then you're not talking apples and apples. -If you enter on a valid breakout, then money management past that point is a matter of choice. For example, you could: --Take 1/2 off the table after it's up a certain % and let the rest ride with normal sell rules --Keep all of it on the table and manage the entire position with 7-8% stop loss. --Keep it all on the table but manage stops on 1/2 differently than the other 1/2. For example, break even on 1/2, 7-8% on the other half --Sell all of it and be happy with the return. (You have to have no regrets if it continues higher) -- Etc. See, no hard and fast. The most important concept to take away from COCO is that you have to have a plan *before* you enter the position or you will waffle and regret. Katherine ----- Original Message ----- Sent: Friday, August 30, 2002 9:13 AM | Hi all, | | I know I asked about COCO yesterday, but now as of this morning, I am up | 20% , and am thinking hard about selling at least some to lock in that kind | of profit. However, it has grown to this point after only a week, so is | that a sign of real strength, and therefore does it need to be held for at | least 8 weeks? | | Help! | | Thanks | | Mike | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] 9/11 anniversary Date: 30 Aug 2002 11:53:02 -0500 All, What are your thoughts on how the market will react on the anniversary of 9/11? Is anyone planning on selling all positions and going to cash before this day? I'm wondering if M will give us a jolt around that date. Have a great holiday weekend Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] OT Telecom Musings Date: 30 Aug 2002 12:35:42 -0700 Anyone who's looking a Yahoo! should take a hard look here: http://www.wired.com/news/privacy/0,1848,51461,00.html I was one of those affected people. I gave them (not knowing what the consequences were) my Earthlink address during the signup. I wanted to use the Yahoo account as my return address for subscribed newsgroups as a decoy for the spam bots'. I made sure all the boxes to receive direct mail were set to NO. Immediately following Yahoo's opt-in "policy change" ( they checked them all for me) I was inundated with 5 to 10 spams a day - to my Earthlink address no less! The FTC defines this as "negative input selection" and is trying to pass a bill to stop it. It has taken 3 months to reduce the horrendous amount of spam to my Earthlink account using all kind of anti-spam tracking and complaints to the listowners with Cc to the FTC and the IP owners. I wouldn't bet a penny on the future of Yahoo! -Bill ----- Original Message ----- Sent: Friday, August 30, 2002 10:57 AM > All, > > Have used many Yahoo services free for years. One I especially like is > their e-mail. They have a service that allows me to use a Yahoo address > (e.g. jeff@yahoo.com) and then have the messages auto-forwarded to my > private (ISP provided) account (e.g. jeff@earthlink.com). This is good for > two reasons. One, Yahoo filters out the bulk of spam. Two, my e-mail > address remains the same no matter how often I change ISPs - a great help to > friends and family. They now charge $10 per year and I gladly pay. > > Yahoo has a radio-like service called Launch.com. I'm a jaded person, but > am excited about this. It is free, but allows each person to create their > own, custom radio station. I initially specified genres, artists, albums, > and songs I like. It then starts playing those selections plus others mixed > in. For each song played, I can vote on the song itself, the artist, or the > album. Votes go from zero (don't ever play again) to ten (love it). Also I > don't have to vote at all, in which case a 5 is the default. After a few > hours of listening and voting on some songs, it "figures out" the type of > music to introduce. When a song is playing I can get biographical info. on > the artist, album, etc. It is advertiser supported, and you can buy music > directly through their link. I've stopped listening to the regular radio at > home and in the office. I'm glad to listen to commercials on a station > customized for me. I think this service will take off. > > Also, I'm seeing stories about Web services offering plans that charge an > annual fee and then reduce or eliminate advertising. These are supposed to > be doing well, but I don't know for sure. Disclosure: as a telecomm > engineer and it is in my best interest to promote internet services. > > THOUGHTS ABOUT AOL. In general, the most desired on-line services (such as > Yahoo's Launch Radio) work best with a connection faster than the typical > home modem of 56K. And, faster connections are now available in most cities > with 50,000 people or more for about $30-40 per month. However, 56K modems > are AOL's profit center. With telecomm infrastructure now available for > pennies on the dollar, I bet AOL will swoop in and make some acquisitions so > they can sell faster connections. > > Here at Marriott Hotels, lots and lots of room reservations are made from > our web site. I am talking about figures like millions of dollars per hour. > So, no doubt the internet is not dead. However, IBD is right about huge > over capacity (I'm lucky to still have a job). I sure won't be buying any > telecomm stocks for the foreseeable future. Hope this can provide a little > help (hopefully not too biased). jg - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: RE: [CANSLIM] OT Telecom Musings Date: 30 Aug 2002 15:42:58 -0400 Thank you very much. I need to hear more information like this to keep my opinions balanced and applicable to the real world. Have a great weekend, jg -----Original Message----- Sent: Friday, August 30, 2002 3:36 PM Anyone who's looking a Yahoo! should take a hard look here: http://www.wired.com/news/privacy/0,1848,51461,00.html I was one of those affected people. I gave them (not knowing what the consequences were) my Earthlink address during the signup. I wanted to use the Yahoo account as my return address for subscribed newsgroups as a decoy for the spam bots'. I made sure all the boxes to receive direct mail were set to NO. Immediately following Yahoo's opt-in "policy change" ( they checked them all for me) I was inundated with 5 to 10 spams a day - to my Earthlink address no less! The FTC defines this as "negative input selection" and is trying to pass a bill to stop it. It has taken 3 months to reduce the horrendous amount of spam to my Earthlink account using all kind of anti-spam tracking and complaints to the listowners with Cc to the FTC and the IP owners. I wouldn't bet a penny on the future of Yahoo! -Bill ----- Original Message ----- Sent: Friday, August 30, 2002 10:57 AM > All, > > Have used many Yahoo services free for years. One I especially like is > their e-mail. They have a service that allows me to use a Yahoo address > (e.g. jeff@yahoo.com) and then have the messages auto-forwarded to my > private (ISP provided) account (e.g. jeff@earthlink.com). This is good for > two reasons. One, Yahoo filters out the bulk of spam. Two, my e-mail > address remains the same no matter how often I change ISPs - a great help to > friends and family. They now charge $10 per year and I gladly pay. > > Yahoo has a radio-like service called Launch.com. I'm a jaded person, but > am excited about this. It is free, but allows each person to create their > own, custom radio station. I initially specified genres, artists, albums, > and songs I like. It then starts playing those selections plus others mixed > in. For each song played, I can vote on the song itself, the artist, or the > album. Votes go from zero (don't ever play again) to ten (love it). Also I > don't have to vote at all, in which case a 5 is the default. After a few > hours of listening and voting on some songs, it "figures out" the type of > music to introduce. When a song is playing I can get biographical info. on > the artist, album, etc. It is advertiser supported, and you can buy music > directly through their link. I've stopped listening to the regular radio at > home and in the office. I'm glad to listen to commercials on a station > customized for me. I think this service will take off. > > Also, I'm seeing stories about Web services offering plans that charge an > annual fee and then reduce or eliminate advertising. These are supposed to > be doing well, but I don't know for sure. Disclosure: as a telecomm > engineer and it is in my best interest to promote internet services. > > THOUGHTS ABOUT AOL. In general, the most desired on-line services (such as > Yahoo's Launch Radio) work best with a connection faster than the typical > home modem of 56K. And, faster connections are now available in most cities > with 50,000 people or more for about $30-40 per month. However, 56K modems > are AOL's profit center. With telecomm infrastructure now available for > pennies on the dollar, I bet AOL will swoop in and make some acquisitions so > they can sell faster connections. > > Here at Marriott Hotels, lots and lots of room reservations are made from > our web site. I am talking about figures like millions of dollars per hour. > So, no doubt the internet is not dead. However, IBD is right about huge > over capacity (I'm lucky to still have a job). I sure won't be buying any > telecomm stocks for the foreseeable future. Hope this can provide a little > help (hopefully not too biased). jg - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: [CANSLIM] Yahoo (was OT Telecom Musings) Date: 30 Aug 2002 15:02:06 -0500 Jeff, you made my day.... I never heard of SPAM until I signed on to Yahoo.... when Yahoo consolidated their groups/clubs/servers and implemented their changes, they gave my email address to the world...I've had an AOL address for over 4 months (free with my purchase of a DELL computer) and have not received the first email that wasn't from my family or firends... except the first one from AOL and that was a welcome email. The only difference is that I've never signed on to Yahoo... ----- Original Message ----- Sent: Friday, August 30, 2002 10:57 AM > All, > > Have used many Yahoo services free for years. One I especially like is > their e-mail. They have a service that allows me to use a Yahoo address > (e.g. jeff@yahoo.com) and then have the messages auto-forwarded to my > private (ISP provided) account (e.g. jeff@earthlink.com). This is good for > two reasons. One, Yahoo filters out the bulk of spam. Two, my e-mail > address remains the same no matter how often I change ISPs - a great help to > friends and family. They now charge $10 per year and I gladly pay. > > Yahoo has a radio-like service called Launch.com. I'm a jaded person, but > am excited about this. It is free, but allows each person to create their > own, custom radio station. I initially specified genres, artists, albums, > and songs I like. It then starts playing those selections plus others mixed > in. For each song played, I can vote on the song itself, the artist, or the > album. Votes go from zero (don't ever play again) to ten (love it). Also I > don't have to vote at all, in which case a 5 is the default. After a few > hours of listening and voting on some songs, it "figures out" the type of > music to introduce. When a song is playing I can get biographical info. on > the artist, album, etc. It is advertiser supported, and you can buy music > directly through their link. I've stopped listening to the regular radio at > home and in the office. I'm glad to listen to commercials on a station > customized for me. I think this service will take off. > > Also, I'm seeing stories about Web services offering plans that charge an > annual fee and then reduce or eliminate advertising. These are supposed to > be doing well, but I don't know for sure. Disclosure: as a telecomm > engineer and it is in my best interest to promote internet services. > > THOUGHTS ABOUT AOL. In general, the most desired on-line services (such as > Yahoo's Launch Radio) work best with a connection faster than the typical > home modem of 56K. And, faster connections are now available in most cities > with 50,000 people or more for about $30-40 per month. However, 56K modems > are AOL's profit center. With telecomm infrastructure now available for > pennies on the dollar, I bet AOL will swoop in and make some acquisitions so > they can sell faster connections. > > Here at Marriott Hotels, lots and lots of room reservations are made from > our web site. I am talking about figures like millions of dollars per hour. > So, no doubt the internet is not dead. However, IBD is right about huge > over capacity (I'm lucky to still have a job). I sure won't be buying any > telecomm stocks for the foreseeable future. Hope this can provide a little > help (hopefully not too biased). jg - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Gasta, Jeffrey" Subject: RE: [CANSLIM] Yahoo (was OT Telecom Musings) Date: 30 Aug 2002 16:57:15 -0400 Wow, I'm more of a geek than I knew. Obviously I have no idea what it is like in the real world. Thank you for your help - maybe there is still hope for me... P.S. I still think Launch.com is a great idea - although the world may not be ready yet. jg -----Original Message----- Sent: Friday, August 30, 2002 4:02 PM Jeff, you made my day.... I never heard of SPAM until I signed on to Yahoo.... when Yahoo consolidated their groups/clubs/servers and implemented their changes, they gave my email address to the world...I've had an AOL address for over 4 months (free with my purchase of a DELL computer) and have not received the first email that wasn't from my family or firends... except the first one from AOL and that was a welcome email. The only difference is that I've never signed on to Yahoo... ----- Original Message ----- Sent: Friday, August 30, 2002 10:57 AM > All, > > Have used many Yahoo services free for years. One I especially like is > their e-mail. They have a service that allows me to use a Yahoo address > (e.g. jeff@yahoo.com) and then have the messages auto-forwarded to my > private (ISP provided) account (e.g. jeff@earthlink.com). This is good for > two reasons. One, Yahoo filters out the bulk of spam. Two, my e-mail > address remains the same no matter how often I change ISPs - a great help to > friends and family. They now charge $10 per year and I gladly pay. > > Yahoo has a radio-like service called Launch.com. I'm a jaded person, but > am excited about this. It is free, but allows each person to create their > own, custom radio station. I initially specified genres, artists, albums, > and songs I like. It then starts playing those selections plus others mixed > in. For each song played, I can vote on the song itself, the artist, or the > album. Votes go from zero (don't ever play again) to ten (love it). Also I > don't have to vote at all, in which case a 5 is the default. After a few > hours of listening and voting on some songs, it "figures out" the type of > music to introduce. When a song is playing I can get biographical info. on > the artist, album, etc. It is advertiser supported, and you can buy music > directly through their link. I've stopped listening to the regular radio at > home and in the office. I'm glad to listen to commercials on a station > customized for me. I think this service will take off. > > Also, I'm seeing stories about Web services offering plans that charge an > annual fee and then reduce or eliminate advertising. These are supposed to > be doing well, but I don't know for sure. Disclosure: as a telecomm > engineer and it is in my best interest to promote internet services. > > THOUGHTS ABOUT AOL. In general, the most desired on-line services (such as > Yahoo's Launch Radio) work best with a connection faster than the typical > home modem of 56K. And, faster connections are now available in most cities > with 50,000 people or more for about $30-40 per month. However, 56K modems > are AOL's profit center. With telecomm infrastructure now available for > pennies on the dollar, I bet AOL will swoop in and make some acquisitions so > they can sell faster connections. > > Here at Marriott Hotels, lots and lots of room reservations are made from > our web site. I am talking about figures like millions of dollars per hour. > So, no doubt the internet is not dead. However, IBD is right about huge > over capacity (I'm lucky to still have a job). I sure won't be buying any > telecomm stocks for the foreseeable future. Hope this can provide a little > help (hopefully not too biased). jg - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Yahoo (was OT Telecom Musings) Date: 30 Aug 2002 17:07:52 -0500 That's different from my yahoo experience. I have 2 yahoo addys and didn't start getting spam until I verified at ebay/paypal (don't know which is the problem; registered at them the same day). And i never get any mail at all at my yahoo addys. I don't have them forward any messages to my isp addy, so maybe that is a problem? I guess YMMV. Norm ----- Original Message ----- Sent: Friday, August 30, 2002 3:02 PM > Jeff, you made my day.... I never heard of SPAM until I signed on to > Yahoo.... when Yahoo consolidated their groups/clubs/servers and implemented > their changes, they gave my email address to the world...I've had an AOL > address for over 4 months (free with my purchase of a DELL computer) and > have not received the first email that wasn't from my family or firends... > except the first one from AOL and that was a welcome email. The only > difference is that I've never signed on to Yahoo... > > > > ----- Original Message ----- > From: "Gasta, Jeffrey" > To: > Sent: Friday, August 30, 2002 10:57 AM > Subject: [CANSLIM] Telecom Musings > > > > All, > > > > Have used many Yahoo services free for years. One I especially like is > > their e-mail. They have a service that allows me to use a Yahoo address > > (e.g. jeff@yahoo.com) and then have the messages auto-forwarded to my > > private (ISP provided) account (e.g. jeff@earthlink.com). This is good > for > > two reasons. One, Yahoo filters out the bulk of spam. Two, my e-mail > > address remains the same no matter how often I change ISPs - a great help > to > > friends and family. They now charge $10 per year and I gladly pay. > > > > Yahoo has a radio-like service called Launch.com. I'm a jaded person, but > > am excited about this. It is free, but allows each person to create their > > own, custom radio station. I initially specified genres, artists, albums, > > and songs I like. It then starts playing those selections plus others > mixed > > in. For each song played, I can vote on the song itself, the artist, or > the > > album. Votes go from zero (don't ever play again) to ten (love it). Also > I > > don't have to vote at all, in which case a 5 is the default. After a few > > hours of listening and voting on some songs, it "figures out" the type of > > music to introduce. When a song is playing I can get biographical info. > on > > the artist, album, etc. It is advertiser supported, and you can buy music > > directly through their link. I've stopped listening to the regular radio > at > > home and in the office. I'm glad to listen to commercials on a station > > customized for me. I think this service will take off. > > > > Also, I'm seeing stories about Web services offering plans that charge an > > annual fee and then reduce or eliminate advertising. These are supposed > to > > be doing well, but I don't know for sure. Disclosure: as a telecomm > > engineer and it is in my best interest to promote internet services. > > > > THOUGHTS ABOUT AOL. In general, the most desired on-line services (such as > > Yahoo's Launch Radio) work best with a connection faster than the typical > > home modem of 56K. And, faster connections are now available in most > cities > > with 50,000 people or more for about $30-40 per month. However, 56K > modems > > are AOL's profit center. With telecomm infrastructure now available for > > pennies on the dollar, I bet AOL will swoop in and make some acquisitions > so > > they can sell faster connections. > > > > Here at Marriott Hotels, lots and lots of room reservations are made from > > our web site. I am talking about figures like millions of dollars per > hour. > > So, no doubt the internet is not dead. However, IBD is right about huge > > over capacity (I'm lucky to still have a job). I sure won't be buying any > > telecomm stocks for the foreseeable future. Hope this can provide a > little > > help (hopefully not too biased). jg > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] 9/11 anniversary Date: 30 Aug 2002 20:09:26 -0400 Let's not fall prey to fear like a big % of the Country. The news media has people afraid of their own shadow. If your a CANSLIMmer, your probably going to be in cash anyway. DanF ----- Original Message ----- Sent: Friday, August 30, 2002 12:53 PM > All, > > What are your thoughts on how the market will react on the anniversary of > 9/11? Is anyone planning on selling all positions and going to cash > before this day? I'm wondering if M will give us a jolt around that date. > > Have a great holiday weekend > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Ernie's Forecasts Date: 30 Aug 2002 21:26:26 -0400 Norman, I made no reference to Yahoo as a service you might use, I myself keep a portfolio there for monitoring news stories. My comment was purely on the idiocy that a stock, any stock, should spike in price so much, and on heavy volume, because a wirehouse upgrades it from sell (which implies that they previously were expecting it to go lower from when they rated it to a sell) to a neutral (which implies you should hold what you have left as it will perform only in line with the overall markets). And to base this on "value" is even more ludicrous, since the market sets value, not some analyst. Now, if they had gone from a "sell" to an "accumulate" based on value, or projected future growth, or even on a change in the business model as you suggest, then it might make some sense for the bottom fishers at least. ----- Original Message ----- Sent: Friday, August 30, 2002 1:14 PM Tom (or anyone), You mentioned something about yahoo and losing less at "neutral" vs "sell". The last 3 posts in response to David's request are an indication of why yahoo is still around and a valid .com company. Not counting how many off-group responses he got (including mine). Yahoo gets a LOT of traffic (I use 3 of their groups myself). Sure, mostly it's free but what if they started charging a nominal fee (the N in canslim)? How many of us would pay, say $10-20 for full access? How many folks are paying more for AOL? Example: drop AOL, subscribe to one of the $9 isp's, subscribe to yahoo full access; cost is $30 bucks - the $22 AOL savings, and you have everything you already had + "yahoo plus" and a good stock investment, for $8 more than you paid for just AOL (most, if not all of AOLs services can be had for free elsewhere). AOL made it's big run with less than 20 million subscribers (or there bouts). How many folks would pay for full access to yahoo with some extras thrown in as is usually the case when payment is solicited? Just thinking out loud... [I have to get all my yearly posts in today because I have to go back to the salt mines next week] Norm ----- Original Message ----- Sent: Friday, August 30, 2002 10:43 AM > Hi David, > > http://groups.yahoo.com/group/hgsinvestor/ and > http://www.highgrowthstock.com/ > > Katherine > > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 10:34 AM > Subject: Re: [CANSLIM] Ernie's Forecasts > > > | Sorry!! > | > | Can someone tell me how to access the HGSI forum? I'd definitely be > interested > | in partcipating. Thanks- Dave > | > | > | ----- Original Message ----- > | From: Norman > | At: 8/30 9:32 > | > | > All, > | > > | > We DON'T really want to get into a rigorous examination of these > phenomena, > | > on a case by case basis, and whither or not there is any cause & effect > | > relationship that can be assigned to them. Not here! > | > > | > I think this is the reason there was at one time a TA group formed from > this > | > group. Maybe the folks in the HGSI forum would accommodate this > discussion > | > as they seem to delve into TA a bit more than this group. > | > > | > Norm > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: [CANSLIM] The IBD Acc/Dis charts have been updated. Date: 31 Aug 2002 06:14:36 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0000_01C250B5.AE5C9180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit We have posted to the website, the IBD Acc/Dis charts. http://www.adrich.com/SI/Info/A's.htm ---- Trust that you will have a fabulous and safe Labor Day Weekend! Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com ------=_NextPart_000_0000_01C250B5.AE5C9180 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
We = have posted to=20 the website, the IBD Acc/Dis charts.
 
http://www.adrich.com/SI/I= nfo/A's.htm
 
 
Trust = that you will=20 have a fabulous and safe Labor Day Weekend!
 
Fred Richards
 
Corruptisima republica plurimae = leges.  [The=20 more corrupt a republic, the more laws.]  - - Tacitus, Annuals III=20 27
 
www.adrich.com
 
------=_NextPart_000_0000_01C250B5.AE5C9180-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] 9/11 anniversary Date: 31 Aug 2002 07:41:10 -0400 Mike, Hard to say what "M" will do, just have to wait and see. But since the '87 crash, the media has done a pretty good job reminding us of it every year since, and that has some affect on investor's psyche. The horror of 9/11 is still pretty fresh, and the fear of more terrorism, domestic or foreign, has been with many / most people since then. The Oklahoma City bombing clearly was domestic terrorism, yet the media does not focus on it. The anthrax attacks last year, in my opinion, were domestic, and lately seem to be getting more press again. The media has to sell stories, and these headlines grab attention. Normally volume would pick up starting next week, I suspect it may stay low until after 9/11 this year. Because of my two stop orders executed last week, I am sitting on a pile of cash. I intend to search this weekend for something to buy, and if I find it, I will not be prevented by fear of another terrorist attack. I think the chance of another attack is low, but it has no bearing on my investing, I will not sit on my hands and be helpless because of fear of unknown foreigners, or even US citizens, that have never met me yet hate me or what I represent. ----- Original Message ----- Sent: Friday, August 30, 2002 12:53 PM All, What are your thoughts on how the market will react on the anniversary of 9/11? Is anyone planning on selling all positions and going to cash before this day? I'm wondering if M will give us a jolt around that date. Have a great holiday weekend Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] sell rules help Date: 31 Aug 2002 07:50:15 -0400 Mike, One thing that WON has always emphasized is learning to take profits. There's nothing wrong in it, so long as you don't beat yourself up later if it goes higher. In particular, for newcomers to CANSLIM, it is a learning process as well as a discipline. For this reason, he suggests taking profits at the 20% point regardless of what you think the stock may later do. Simple rule, designed just to teach you to take a profit, something many investors never learn. The 8% stop loss rule is similar, simple, easy to follow, doesn't need any thought, just do it. Once you learn these two most basic rules, and can maintain such discipline, you are ready to advance on to more careful examination of the chart pattern in order to refine these rules, and start listening to what the stock is trying to tell you. That's when you find yourself able to keep part or all of a stock that eventually advances 50 or 100%. Or refine your stop loss rule and get out with only a 3% or 5% loss, instead of letting it go all the way to 8%. The key is learning to make a decision, then implement it, and even if it should later prove to be a bad decision, understand that indecision is far worse. ----- Original Message ----- Sent: Friday, August 30, 2002 10:13 AM Hi all, I know I asked about COCO yesterday, but now as of this morning, I am up 20% , and am thinking hard about selling at least some to lock in that kind of profit. However, it has grown to this point after only a week, so is that a sign of real strength, and therefore does it need to be held for at least 8 weeks? Help! Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] 9/11 anniversary Date: 31 Aug 2002 08:45:18 -0600 Dunno about M, but I found it interesting to learn from my wife (who works for an airline) that fewer planes are going to be flying that day -- bookings are down, apparently. Warren michael_niemotka@baxter.com wrote: > All, > > What are your thoughts on how the market will react on the anniversary of > 9/11? Is anyone planning on selling all positions and going to cash > before this day? I'm wondering if M will give us a jolt around that date. > > Have a great holiday weekend > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 08:51:23 -0600 (My apologies for posting this on the list -- could not find a private email address for Mike either here or on his web site.) Mike, I visited your web site cwhcharts.com recently -- impressive piece of work. Noticed that you don't show it as a sample of your work on your web development site. My question: is it possible to scan for cwh handle formations from a watch list that is uploaded to the site? Or can you download a list of stocks meeting the criteria? The object being, of course, to focus on stocks that fall within the intersection of your software and another software package. Please reply off-list. Thanks. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 09:53:22 -0500 Warren, Mike: My guess is that other folks would also find this information useful. Norm ----- Original Message ----- Sent: Saturday, August 31, 2002 9:51 AM > (My apologies for posting this on the list -- could not find a private email > address for Mike either here or on his web site.) > > Mike, I visited your web site cwhcharts.com recently -- impressive piece of > work. Noticed that you don't show it as a sample of your work on your web > development site. > > My question: is it possible to scan for cwh handle formations from a watch list > that is uploaded to the site? Or can you download a list of stocks meeting the > criteria? The object being, of course, to focus on stocks that fall within the > intersection of your software and another software package. > > Please reply off-list. Thanks. > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 10:58:54 -0400 and my guess is that it quickly would swamp Mike's site, and he could no longer offer us this out of his generosity. probably better that we do our own screening according to our best devices, then punch in the pick of the litter for another opinion. ----- Original Message ----- Sent: Saturday, August 31, 2002 10:53 AM Warren, Mike: My guess is that other folks would also find this information useful. Norm ----- Original Message ----- Sent: Saturday, August 31, 2002 9:51 AM > (My apologies for posting this on the list -- could not find a private email > address for Mike either here or on his web site.) > > Mike, I visited your web site cwhcharts.com recently -- impressive piece of > work. Noticed that you don't show it as a sample of your work on your web > development site. > > My question: is it possible to scan for cwh handle formations from a watch list > that is uploaded to the site? Or can you download a list of stocks meeting the > criteria? The object being, of course, to focus on stocks that fall within the > intersection of your software and another software package. > > Please reply off-list. Thanks. > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 10:15:54 -0500 Good point Tom. I retract my post Sorry Mike. Norm ----- Original Message ----- Sent: Saturday, August 31, 2002 9:58 AM > and my guess is that it quickly would swamp Mike's site, and he could no > longer offer us this out of his generosity. probably better that we do our > own screening according to our best devices, then punch in the pick of the > litter for another opinion. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Saturday, August 31, 2002 10:53 AM > Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com > > > Warren, Mike: > > My guess is that other folks would also find this information useful. > > Norm > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Saturday, August 31, 2002 9:51 AM > Subject: [CANSLIM] Off-topic -- question re: cwhcharts.com > > > > (My apologies for posting this on the list -- could not find a private > email > > address for Mike either here or on his web site.) > > > > Mike, I visited your web site cwhcharts.com recently -- impressive piece > of > > work. Noticed that you don't show it as a sample of your work on your web > > development site. > > > > My question: is it possible to scan for cwh handle formations from a watch > list > > that is uploaded to the site? Or can you download a list of stocks meeting > the > > criteria? The object being, of course, to focus on stocks that fall within > the > > intersection of your software and another software package. > > > > Please reply off-list. Thanks. > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 10:28:41 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_018E_01C250D9.2D455900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I have a better solution... why don't we all take out a subscription to = Mike's site? Make him 'rich' while we pester him.... ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 31, 2002 9:58 AM Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com and my guess is that it quickly would swamp Mike's site, and he could = no longer offer us this out of his generosity. probably better that we do = our own screening according to our best devices, then punch in the pick of = the litter for another opinion. ----- Original Message ----- From: "Norman" To: Sent: Saturday, August 31, 2002 10:53 AM Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Warren, Mike: My guess is that other folks would also find this information useful. Norm ----- Original Message ----- From: "Warren Keuffel" To: Sent: Saturday, August 31, 2002 9:51 AM Subject: [CANSLIM] Off-topic -- question re: cwhcharts.com > (My apologies for posting this on the list -- could not find a = private email > address for Mike either here or on his web site.) > > Mike, I visited your web site cwhcharts.com recently -- impressive = piece of > work. Noticed that you don't show it as a sample of your work on = your web > development site. > > My question: is it possible to scan for cwh handle formations from a = watch list > that is uploaded to the site? Or can you download a list of stocks = meeting the > criteria? The object being, of course, to focus on stocks that fall = within the > intersection of your software and another software package. > > Please reply off-list. Thanks. > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_018E_01C250D9.2D455900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I have a better solution... why don't = we all=20 take out a subscription to Mike's site?
Make him 'rich' while we pester=20 him....
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Saturday, August 31, 2002 = 9:58=20 AM
Subject: Re: [CANSLIM] = Off-topic --=20 question re: cwhcharts.com

and my guess is that it quickly would swamp Mike's = site, and he=20 could no
longer offer us this out of his generosity. probably = better that=20 we do our
own screening according to our best devices, then punch = in the=20 pick of the
litter for another opinion.

----- Original = Message=20 -----
From: "Norman" <theboyd@tisd.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Saturday, August 31, 2002 10:53 AM
Subject: Re: [CANSLIM] Off-topic = --=20 question re: cwhcharts.com


Warren, Mike:

My guess is = that=20 other folks would also find this information = useful.

Norm
-----=20 Original Message -----
From: "Warren Keuffel" <wkeuffel@xmission.com>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Saturday, August 31, 2002 9:51 AM
Subject: [CANSLIM] Off-topic -- = question=20 re: cwhcharts.com


> (My apologies for posting this on = the list=20 -- could not find a private
email
> address for Mike either = here or=20 on his web site.)
>
> Mike, I visited your web site = cwhcharts.com=20 recently -- impressive piece
of
> work. Noticed that you = don't show=20 it as a sample of your work on your web
> development=20 site.
>
> My question: is it possible to scan for cwh = handle=20 formations from a watch
list
> that is uploaded to the site? = Or can=20 you download a list of stocks meeting
the
> criteria? The = object=20 being, of course, to focus on stocks that fall within
the
>=20 intersection of your software and another software = package.
>
>=20 Please reply off-list. Thanks.
> Warren
>
>
>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>
>


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.




-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_018E_01C250D9.2D455900-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 11:21:41 -0400 one of the lessons I have learned over the years is that, while it would be ideal, rarely does someone else's list or screening methods closely match our own, once we gain the knowledge, experience, and tools to do it our way and according to our own comfort level. Rather than deviating from what works for us, just to take advantage of a new tool or system that might save us effort or time, but result in a less satisfying population of candidates, far better that we adapt the new tool to fit into our toolbox. ----- Original Message ----- Sent: Saturday, August 31, 2002 11:15 AM Good point Tom. I retract my post Sorry Mike. Norm ----- Original Message ----- Sent: Saturday, August 31, 2002 9:58 AM > and my guess is that it quickly would swamp Mike's site, and he could no > longer offer us this out of his generosity. probably better that we do our > own screening according to our best devices, then punch in the pick of the > litter for another opinion. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Saturday, August 31, 2002 10:53 AM > Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com > > > Warren, Mike: > > My guess is that other folks would also find this information useful. > > Norm > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Saturday, August 31, 2002 9:51 AM > Subject: [CANSLIM] Off-topic -- question re: cwhcharts.com > > > > (My apologies for posting this on the list -- could not find a private > email > > address for Mike either here or on his web site.) > > > > Mike, I visited your web site cwhcharts.com recently -- impressive piece > of > > work. Noticed that you don't show it as a sample of your work on your web > > development site. > > > > My question: is it possible to scan for cwh handle formations from a watch > list > > that is uploaded to the site? Or can you download a list of stocks meeting > the > > criteria? The object being, of course, to focus on stocks that fall within > the > > intersection of your software and another software package. > > > > Please reply off-list. Thanks. > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 11:25:14 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0137_01C250E1.13A8D2D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable cool, I am sure Mike would like that, and I like the "pester" part ----- Original Message -----=20 Sent: Saturday, August 31, 2002 11:28 AM I have a better solution... why don't we all take out a subscription to = Mike's site? Make him 'rich' while we pester him.... ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 31, 2002 9:58 AM Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com and my guess is that it quickly would swamp Mike's site, and he could = no longer offer us this out of his generosity. probably better that we do = our own screening according to our best devices, then punch in the pick of = the litter for another opinion. ----- Original Message ----- From: "Norman" To: Sent: Saturday, August 31, 2002 10:53 AM Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Warren, Mike: My guess is that other folks would also find this information useful. Norm ----- Original Message ----- From: "Warren Keuffel" To: Sent: Saturday, August 31, 2002 9:51 AM Subject: [CANSLIM] Off-topic -- question re: cwhcharts.com > (My apologies for posting this on the list -- could not find a = private email > address for Mike either here or on his web site.) > > Mike, I visited your web site cwhcharts.com recently -- impressive = piece of > work. Noticed that you don't show it as a sample of your work on = your web > development site. > > My question: is it possible to scan for cwh handle formations from a = watch list > that is uploaded to the site? Or can you download a list of stocks = meeting the > criteria? The object being, of course, to focus on stocks that fall = within the > intersection of your software and another software package. > > Please reply off-list. Thanks. > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0137_01C250E1.13A8D2D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
cool, I am sure Mike would like that, and I like = the=20 "pester" part
 
----- Original Message -----=20
From: Gene Ricci =
Sent: Saturday, August 31, 2002 11:28 AM
Subject: Re: [CANSLIM] Off-topic -- question re:=20 cwhcharts.com

I have a better solution... why don't = we all=20 take out a subscription to Mike's site?
Make him 'rich' while we pester=20 him....
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Saturday, August 31, 2002 = 9:58=20 AM
Subject: Re: [CANSLIM] = Off-topic --=20 question re: cwhcharts.com

and my guess is that it quickly would swamp Mike's = site, and he=20 could no
longer offer us this out of his generosity. probably = better that=20 we do our
own screening according to our best devices, then punch = in the=20 pick of the
litter for another opinion.

----- Original = Message=20 -----
From: "Norman" <theboyd@tisd.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Saturday, August 31, 2002 10:53 AM
Subject: Re: [CANSLIM] Off-topic = --=20 question re: cwhcharts.com


Warren, Mike:

My guess is = that=20 other folks would also find this information = useful.

Norm
-----=20 Original Message -----
From: "Warren Keuffel" <wkeuffel@xmission.com>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Saturday, August 31, 2002 9:51 AM
Subject: [CANSLIM] Off-topic -- = question=20 re: cwhcharts.com


> (My apologies for posting this on = the list=20 -- could not find a private
email
> address for Mike either = here or=20 on his web site.)
>
> Mike, I visited your web site = cwhcharts.com=20 recently -- impressive piece
of
> work. Noticed that you = don't show=20 it as a sample of your work on your web
> development=20 site.
>
> My question: is it possible to scan for cwh = handle=20 formations from a watch
list
> that is uploaded to the site? = Or can=20 you download a list of stocks meeting
the
> criteria? The = object=20 being, of course, to focus on stocks that fall within
the
>=20 intersection of your software and another software = package.
>
>=20 Please reply off-list. Thanks.
> Warren
>
>
>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>
>


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.




-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
------=_NextPart_000_0137_01C250E1.13A8D2D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 09:31:32 -0600 Tom, Let's not confuse the CANSLIM evaluator with cwhcharts.com. The former is a freebie furnished by Mike to the group, the latter is Mike's commercial site. I was asking about the latter, not the former. Thanks for thinking of this angle, Warren Tom Worley wrote: > and my guess is that it quickly would swamp Mike's site, and he could no > longer offer us this out of his generosity. probably better that we do our > own screening according to our best devices, then punch in the pick of the > litter for another opinion. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Saturday, August 31, 2002 10:53 AM > Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com > > Warren, Mike: > > My guess is that other folks would also find this information useful. > > Norm > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Saturday, August 31, 2002 9:51 AM > Subject: [CANSLIM] Off-topic -- question re: cwhcharts.com > > > (My apologies for posting this on the list -- could not find a private > email > > address for Mike either here or on his web site.) > > > > Mike, I visited your web site cwhcharts.com recently -- impressive piece > of > > work. Noticed that you don't show it as a sample of your work on your web > > development site. > > > > My question: is it possible to scan for cwh handle formations from a watch > list > > that is uploaded to the site? Or can you download a list of stocks meeting > the > > criteria? The object being, of course, to focus on stocks that fall within > the > > intersection of your software and another software package. > > > > Please reply off-list. Thanks. > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] sell rules help Date: 31 Aug 2002 09:38:46 -0600 I think Weinstein has some good guidance on selling -- he sets trailing stops following the 150dma or trend lines, depending on whether you consider yourself an investor or a trader. Speaking of which, any thoughts on Weinstein's use of the 150dma, as opposed to the more usual 50 and 200? Warren P.S. "Stan Weinstein's Secrets For Profiting in Bull and Bear Markets" is the title of his book. michael_niemotka@baxter.com wrote: > Hi all, > > I know I asked about COCO yesterday, but now as of this morning, I am up > 20% , and am thinking hard about selling at least some to lock in that kind > of profit. However, it has grown to this point after only a week, so is > that a sign of real strength, and therefore does it need to be held for at > least 8 weeks? > > Help! > > Thanks > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Off-topic -- question re: cwhcharts.com Date: 31 Aug 2002 08:25:51 -1000 Dear All, Warren asked me to respond to him off list, which I will do, and anyone else interested can also contact me off-list. There are a couple of features that go some way towards what he's asked, but I don't think its appropriate to go into it here. In the posting referenced below, Warren mentions the CANSLIM Evaluator (www.cwhcharts.com/canslim) but I'd also like to remind the group that I also made available the "Chart Selector" (www.cwhcharts.com/cs.php), which allows you to search for stocks that are currently in the handle, using criteria for a CwH pattern (handle length, cup length, cup depth, etc) that you specify. The CS has default parameters that correspond to the WON criteria that I use on my commercial site - in other words you can get the WON list for free! I've added a new feature to the CS this morning - if you enter a stock symbol, it will tell you at what point the stock failed to meet the selection criteria. Of course, I like Gene's suggestion a lot. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel Sent: Saturday, August 31, 2002 5:32 AM Tom, Let's not confuse the CANSLIM evaluator with cwhcharts.com. The former is a freebie furnished by Mike to the group, the latter is Mike's commercial site. I was asking about the latter, not the former. Thanks for thinking of this angle, Warren Tom Worley wrote: > and my guess is that it quickly would swamp Mike's site, and he could no > longer offer us this out of his generosity. probably better that we do our > own screening according to our best devices, then punch in the pick of the > litter for another opinion. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Saturday, August 31, 2002 10:53 AM > Subject: Re: [CANSLIM] Off-topic -- question re: cwhcharts.com > > Warren, Mike: > > My guess is that other folks would also find this information useful. > > Norm > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Saturday, August 31, 2002 9:51 AM > Subject: [CANSLIM] Off-topic -- question re: cwhcharts.com > > > (My apologies for posting this on the list -- could not find a private > email > > address for Mike either here or on his web site.) > > > > Mike, I visited your web site cwhcharts.com recently -- impressive piece > of > > work. Noticed that you don't show it as a sample of your work on your web > > development site. > > > > My question: is it possible to scan for cwh handle formations from a watch > list > > that is uploaded to the site? Or can you download a list of stocks meeting > the > > criteria? The object being, of course, to focus on stocks that fall within > the > > intersection of your software and another software package. > > > > Please reply off-list. Thanks. > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] sell rules help Date: 31 Aug 2002 15:36:45 -0400 Stan Weinstein's book has been mentioned favorably here several times. It should be noted however that his Professional Tape Reader newsletter has/had (not sure if he still publishes it) a pretty miserable record. This doesn't mean there's nothing of value in his book, but it makes one wonder why the guy who wrote it has such a poor long term record. Keep in mind that as far as I know his is not a real money portfolio, so if you're going to defend his record by claiming he's a poor trader when his money is on the line, you've got to find a different defense..... Jon ----- Original Message ----- Sent: Saturday, August 31, 2002 11:38 AM > I think Weinstein has some good guidance on selling -- he sets trailing stops > following the 150dma or trend lines, depending on whether you consider yourself > an investor or a trader. > > Speaking of which, any thoughts on Weinstein's use of the 150dma, as opposed to > the more usual 50 and 200? > > Warren > > P.S. "Stan Weinstein's Secrets For Profiting in Bull and Bear Markets" is the > title of his book. > > michael_niemotka@baxter.com wrote: > > > Hi all, > > > > I know I asked about COCO yesterday, but now as of this morning, I am up > > 20% , and am thinking hard about selling at least some to lock in that kind > > of profit. However, it has grown to this point after only a week, so is > > that a sign of real strength, and therefore does it need to be held for at > > least 8 weeks? > > > > Help! > > > > Thanks > > > > Mike > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] New High/New Low data? Date: 31 Aug 2002 14:06:02 -0600 Weinstein recommends following the # of new highs and new lows. Is this data available anywhere online? Also, how about the NYSE A/D line? I know I can see it in IBD, but is it available online? Thanks. Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] sell rules help Date: 31 Aug 2002 14:19:03 -0600 Thanks for mentioning that. I have sent a message to Mark Hulbert to ask if PTR is covered as I could not find it in my latest summary report. Warren "J. Lobatto" wrote: > Stan Weinstein's book has been mentioned favorably here several times. It > should be noted however that his Professional Tape Reader newsletter has/had > (not sure if he still publishes it) a pretty miserable record. This doesn't > mean there's nothing of value in his book, but it makes one wonder why the > guy who wrote it has such a poor long term record. Keep in mind that as far > as I know his is not a real money portfolio, so if you're going to defend > his record by claiming he's a poor trader when his money is on the line, > you've got to find a different defense..... > > Jon > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Saturday, August 31, 2002 11:38 AM > Subject: Re: [CANSLIM] sell rules help > > > I think Weinstein has some good guidance on selling -- he sets trailing > stops > > following the 150dma or trend lines, depending on whether you consider > yourself > > an investor or a trader. > > > > Speaking of which, any thoughts on Weinstein's use of the 150dma, as > opposed to > > the more usual 50 and 200? > > > > Warren > > > > P.S. "Stan Weinstein's Secrets For Profiting in Bull and Bear Markets" is > the > > title of his book. > > > > michael_niemotka@baxter.com wrote: > > > > > Hi all, > > > > > > I know I asked about COCO yesterday, but now as of this morning, I am up > > > 20% , and am thinking hard about selling at least some to lock in that > kind > > > of profit. However, it has grown to this point after only a week, so is > > > that a sign of real strength, and therefore does it need to be held for > at > > > least 8 weeks? > > > > > > Help! > > > > > > Thanks > > > > > > Mike > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] New High/New Low data? Date: 31 Aug 2002 15:18:36 -0500 Hi Warren, For 52 wk high/low: http://bigcharts.marketwatch.com/reports/ You can also run a 52 wk high/low (or any other high/low period you wish) in VectorVest with the high/low tool. For A/D Line: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show& disp=SXA Scroll down to the section entitled "Market Breadth" to fine the NYSE A/D line. Katherine ----- Original Message ----- Sent: Saturday, August 31, 2002 3:06 PM | Weinstein recommends following the # of new highs and new lows. Is this | data available anywhere online? Also, how about the NYSE A/D line? I | know I can see it in IBD, but is it available online? | | Thanks. | Warren | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Solarno" Subject: [CANSLIM] Off-topic: Tech signal alerts Date: 31 Aug 2002 20:23:57 -0400 There have been numerous mentions here of the use of technical indicators (I believe I remember Katherine saying something about WON's advice to buy on fundamentals but sell on technicals.) My question is if anyone out there knows of websites which let you set up alerts based on technical indicators. There are many sites that will send you an email based on stock price, but I've never seen any that alert you based on technical indicators (such as moving averages crossing each other or the MACD crossing each other, for example.) There are several software packages that do this, but they all run on the PC itself and I'm hoping to find one that is server-based, as I travel a lot and don't always have a computer handy to run a chart analysis. John - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email.
----- Original Message -----=20
Sent: Thursday, August 22, 2002 10:06 PM
Subject: RE: [CANSLIM] The ultimate "M" meter
----- Original Message -----
From:=20 Curt Corley=20
Sent: Thursday, August 22, 2002 = 6:20=20 PM
Subject: RE: [CANSLIM] The = ultimate "M"=20 meter

It = certainly wasn=92t=20 my intention to do any commercial solicitation. I am not -- in any way = --=20 professionally affiliated with the products or people that I mentioned = earlier=20 and could not benefit from endorsing their products.  I=92m a software engineer = working on a=20 missile defense project for a major aeorospace-defense company.  The sources I mentioned were = used as=20 references only, because I like to back up my words with examples and = facts.=20

 

You=92re = right.  I definitely did not catch = the fact=20 that commercial solicitation is prohibited =96 especially since there = have been=20 numerous references to commercial sources within the E-mails here in = the last=20 few days, including IBD, Daily Graphs, HTTMIS, and links to = cup-with-handle=20 sites.   However, = I=92m sorry=20 that for the faux pas and will now explain why I joined the=20 group.

 

I started = getting=20 interested in investments a few years back because of my 401K = account.  Unfortunately, I bought into = the hype=20 that you should buy indexed funds using dollar-cost averaging.  Well, this worked for a = while, and I=20 was satisfied with the results. =20 However, when the bear market started about 2 =BD years ago, I = lost a=20 considerable sum of money. =20 Whenever something goes sour, I don=92t cry about it.  I analyze what went wrong = and figure=20 out what I can do to correct the problem.  So after getting crushed at = the=20 onslaught of the bear market, I started studying and reading = everything I=20 could get my hands on concerning investment and trading of stock=20 securities.  Naturally, = my=20 enthusiasm boiled over into the work place.  I was talking to a coworker = who is a=20 diehard CANSLIM advocate, so I bought the HTTMIS book.  WON=92s book=20 made a lot of sense to me, and I decided to learn everything I could = about=20 CANSLIM.  While = searching the=20 internet for CANSLIM sites, I found this mailing list.  =

 

I was = initially=20 offended to be accused of commercial solicitation (can you blame = me?).  However, after getting over = my initial=20 reaction and thinking things over from your point of view, there are = no hard=20 feelings.  I can = understand your=20 concern about the quality of this mailing list.  If people let salesmen get = on the=20 mailing list and start pitching their products, the list would = degenerate with=20 spam.  It has been = challenging=20 enough to find enough time to read through the dozens of good messages = that=20 I=92ve received every day so far.  I=20 respect your assertiveness in ensuring the quality of this list.  Thank=20 you.

 

From what = I=92ve seen=20 so far, you have some great advice on this mailing list.   I hope I too can = contribute=20 something useful in the future. =20

 

Curt

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom=20 Worley
Sent:=20 Thursday, August 22,=20 2002 = 6:28=20 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] The = ultimate "M"=20 meter

 

Curt, if you had lurked = here more=20 than a few days, you might have caught the fact that commercial = solicitation=20 is prohibited.

 

If that's not what you = intended,=20 then I suggest you introduce yourself and tell us why you have joined = our=20 group.

 

----- Original Message = -----=20

From: Curt = Corley=20

To: canslim@lists.xmission.com= =20

Sent:=20 Thursday, = August 22,=20 2002 3:16AM

Subject: [CANSLIM]=20 The ultimate "M" meter

 

I=92ve been lurking here = for a few=20 days, and I would like to put in my two cents=92 worth about the = question of=20 whether we=92re in a bull or a bear market.  I=92d also like to give my = personal=20 opinion of what the ultimate =93M=94 meter is.  But first, I want to get = some=20 definitions down to make sure we=92re speaking the same language = here.  I will use the definitions = that are=20 put forth by the Dow Theory and which, IMHO, are best described in the = book=20 =93Technical Analysis of Stock Trends=94 by by Robert = D. Edwards, John=20 Magee, W.=20 H. C. Bassetti (Editor).  =

 

What=92s a bull/bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

In =93TA of Stock = Trends,=94 the=20 authors state that a primary trend is the general direction of price = movement=20 over a year or more.  A = bull=20 market is a primary trend containing higher highs and higher lows in=20 price.  A bear market is = a primary=20 trend containing lower highs and lower lows in price.  Within the primary trend are = secondary=20 trends.  Secondary = trends last=20 from 3 weeks to many months, and they do not (repeat not) qualify as = bear or=20 bull markets.  The = secondary=20 trends are merely the corrections within a bull market and the rallies = within=20 a bear markets.  In = addition to=20 the primary and secondary trends, there are minor trends that usually = last=20 less than 6 days and rarely as long as 3 weeks, but they are of little = importance here.  The = main thing=20 that I would like to get across is this: =20 Using the definitions just described, you can=92t talk about = bear and=20 bull markets unless you=92re talking about a time frame of about a=20 year.

 

What do we use for an = =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D

Now that the definitions = are out=20 of the way, we can talk about how to get in and out of bull markets = easily=20 using our =93M=94 meter.  = If you=92re=20 having CWs (i.e., CANSLIM Withdrawals) during a bear market, you might = try=20 CANSLIM=92ing during a rally within the bear market.  You can use our =93M=94 = meter to detect=20 rallies as well.  The = =93M=94 meter is=20 so simple that I feel like a few of you are not going to believe me = and will=20 tell me to pack sand =96 but, oh well, here it goes.  The =93M=94 meters are = moving=20 averages. =20

For a good explanation = as to why=20 this works, visit http://www.401k-maximizer.com/.   =20

 

How do we use the = =93M=94=20 Meter?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

The index you choose to = graph will=20 depend on the kind of security you=92re investing in.  For general growth stocks, = the QQQ=20 ticker symbol (NASDAQ) is a good one to use.  For especially small cap = growth=20 stocks, you can choose one of the Russell indexes, such as the Russell = 2000.  To get a feel for = whether=20 you=92re in a bull/bear market, plot the index against a 200-day = moving=20 average.  To get a feel = for=20 whether you=92re in a rally/correction, plot the index against a = 50-day moving=20 average.  The reasons we = choose a=20 200-day average for bear/bull =93M=94 indicator are because it is: (1) = a length of=20 time that approximates the number of trading days in one year =96 the = minimum=20 time frame for a bull/bear market, and (2) it is an indicator that is = highly=20 watched by many elephants.  = The=20 reasons we choose a 50-day average for the rally/correction =93M=94 = indicator are=20 fairly the same: (1) it=92s a highly watched indicator, (2) it is a = time frame=20 that makes a good compromise between getting you in and out of a rally = without=20 whipsawing you in and out.

 

Defense of the =93M=94=20 Meter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D<= /SPAN>

Try plotting a 3-year = graph of QQQ=20 against a 200-day EMA moving average. =20 Imagine yourself getting in on that market when the prices = crossed=20 above the 200-day MA and getting out of the market when the prices = crossed=20 below the 200-day MA. You might have gotten whip-sawed 3 or 4 times = between=20 April and September of 2000 (allowing you to participate in the = rallies of=20 June and August).  But = you would=20 have stayed out of the bear market since=20 September.

 

Are we still in a bear=20 market?

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Truth is: nobody knows = yet,=20 because enough time hasn=92t passed. That=92s the way it goes.  In a reversal like this, you = never=20 know whether it=92s rally or the start of a new bull market until = enough time=20 has passed (like the saying goes: Hindsight is 20/20).  But whether we=92re truly in = a bull=20 market or bear market is irrelevant to me.  All I care about is our = meter.  And the meter says = this.  Yesterday (Aug. 21) QQQ = finally=20 crossed above the 50-day EMA, but it=92s still a long way from = reaching the=20 200-day EMA.  I might = get into=20 stocks slowly and cautiously right now, but I=92m certainly not ready = to jump in=20 with both feet.

 

--=20 Curt

----- Origin= al Message -----
From: Ann
<= B>Sent: Thursday, August 15, 2002 10:37 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] UCBH
 
=
Thanks, Ed and C= harley.
 
----- Or= iginal Message -----
=
Sent: Thursday, August 15, 2002 1= :34 PM
Subject: RE: [CANSLIM= ] UCBH

= Charley,

 

56 sounds good to me.

 

That would be another 30%.  Not to shabby.

 <= /o:p>

B= y the way, it doesn=E2=80=99t matter what industry the stock is in if it = goes up. 

 <= /o:p>

A= s long as it goes up, I win.

 

Play the game to win.

 

Ed

 

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:ow= ner-canslim@lists.xmission.com] On B= ehalf Of Chazmoore@aol.com
Sent: Thursday, August 15, 2002 1:20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] UCBH<= /P>

 

= Ed and Ann:
Perhaps you are right Ed. You certainly are as we look ba= ck. In June 2000 the stock was at $14.; in June 2001 it was at $28.; in J= une 2002 it was at $37. I would say that qualifies as a growth stock.
It is hard to say what the future holds but they are forecasting 17%= growth in 2003, and if they meet that goal (assuming a P/E of 25) the pr= ice should rise to $56. Note that their current P/E of 25 represents a fi= ve year high.

The point I was making is that the company seems to= be nearing the end of this truly remarkable growth (for a bank).
Thanks for bringing up the subject.

Charley