From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #159 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Wednesday, April 30 1997 Volume 01 : Number 159 In this issue: [CANSLIM] Watch candidates Re: [CANSLIM] Re: Daily Graphs Online Re: [CANSLIM] Re: Daily Graphs Online [CANSLIM] Interest Rates - Gov Angell Comments [CANSLIM] Specific Stocks Re: [CANSLIM] Re: How is Daily Graphs Online working this morning? [CANSLIM] Xmission ANNOUNCEMENT: Mail server upgrade [CANSLIM] Best Brokers [CANSLIM] Wake up and smell the money! Breakout alert INVX Re: [CANSLIM] Wake up and smell the money! Breakout alert INVX Re: [CANSLIM] Watch candidates Re: [CANSLIM] Wake up and smell the money! Breakout alert INVX [CANSLIM] ALTR Re: [CANSLIM] ECI/Durable Goods Re: [CANSLIM] ALTR re: [CANSLIM] Watch candidates [CANSLIM] Ownership TOO TOO High. Re: [CANSLIM] Xmission ANNOUNCEMENT: Mail server upgrade Re: [CANSLIM] Xmission ANNOUNCEMENT: Mail server upgrade [CANSLIM] STM Re: [CANSLIM] STM [CANSLIM] STM [CANSLIM] Discount Brokers Re: [CANSLIM] Discount Brokers [CANSLIM] Stock screening with DG Online Re: [CANSLIM] Discount Brokers [CANSLIM] Categories Value Unequal? Re: [CANSLIM] ECI/Durable Goods Re: [CANSLIM] ECI/Durable Goods Re: [CANSLIM] ECI/Durable Goods Re: [CANSLIM] Categories Value Unequal? Re: [CANSLIM] Economic Reports Re: [CANSLIM] Ownership TOO TOO High. See the end of the digest for information on subscribing to the canslim or canslim-digest mailing lists and on how to retrieve back issues. ---------------------------------------------------------------------- Date: Wed, 30 Apr 1997 09:06:03 -0400 From: derek b Subject: [CANSLIM] Watch candidates Watch candidates for possible trading buys today. Need volume over avg. and up price action. Not convinced Bull has resumed, but volatility can yield short term trades. CMT cci 37.125 IMAXF fe macd 36.375 MRII ap cci macd 12.5 PFGC fe cci macd 20.375 DO cci 65.00 OAKF cci macd 16.00 PCU macd fe 17.875 All picked through TA screens; earnings and other fundies checked on DG online (excellent service - sure hope searching, and data capture into Excel are part of future plans). On the operating platform issue, we all know how rabid users can be over their favorite OS and hardware. But from a business and investment point of view, I am amused by the whining that DG is not supported on platforms that have a miniscule market share among investors that could potentially subscribe to this service. For a CANSLIM group supposedly with an eye to fundies, I find it very ironic to even imagine that a business decision could be made to support such multiple OS. Now, a Java app would seem to make marketing sense. Derek ------------------------------ Date: Wed, 30 Apr 1997 07:21:02 -0600 From: "Jay Cliburn" Subject: Re: [CANSLIM] Re: Daily Graphs Online > FWIW, I just bought a new PC for home (even though I use UNIX > at work). It uses the new AMD-k6 chip and Win95. I feel > like SUCH a conformist ;-( Aw, don't worry about it David. Just reformat your disk and load up Linux. You'll be fine. :-) Computing daily (and DGOL-less) with Unix, - -- Jay Cliburn | Space Dynamics Laboratory Computational Sciences Division | 1747 North Research Park Way Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 (801) 755-4317 (voice) | (801) 755-4366 (fax) ------------------------------ Date: Wed, 30 Apr 1997 8:24:28 CDT From: David F. Cameron Subject: Re: [CANSLIM] Re: Daily Graphs Online > > > FWIW, I just bought a new PC for home (even though I use UNIX > > at work). It uses the new AMD-k6 chip and Win95. I feel > > like SUCH a conformist ;-( > > Aw, don't worry about it David. Just reformat your disk and > load up Linux. You'll be fine. :-) Actually I am seriously consider partitioning my hard drive to be able to boot off LINUX as well as win95. Have you done this? > > Computing daily (and DGOL-less) with Unix, > -- > Jay Cliburn | Space Dynamics Laboratory > Computational Sciences Division | 1747 North Research Park Way > Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 > (801) 755-4317 (voice) | (801) 755-4366 (fax) > > ------------------------------ Date: Wed, 30 Apr 1997 08:37:32 -0500 From: "Brenda" Subject: [CANSLIM] Interest Rates - Gov Angell Comments For those interested in Fmr. Fed Reserve Gov. Wayne Angell's comments on interest rates and whether or not they will be raised/lowered at the next FOMC meeting you can listen to 5 minutes worth of his commentary at the following: http://www.msnbc.com/news/COM_Front.asp then go to the NBC bus. video section and double click on the article. Just provided for those interested. James ------------------------------ Date: Wed, 30 Apr 1997 09:07:54 -0500 From: "Brenda" Subject: [CANSLIM] Specific Stocks Hi Group, Been asked privately by several what are the stocks in the largest portfolio that I manage. I see no problem in divulging these as already in and watching. They are: GBE, CPB, ALTR, ASTSF, USLD, MK, BCF, WBPR, SFDS and RXR. Use the info if you can. Have a good day. James P.S. - There are currently MORE good looking stocks that I would like to be in than I have funds to invest. My "Wall Chart Model" of 40 stocks, when averaging the stock prices, has hit new highs each day for 14 out of the last 15 trading days. Has only ONE day that the average price of the group was down. James ------------------------------ Date: Wed, 30 Apr 1997 10:07:30 -0400 From: Hemant Rotithor Subject: Re: [CANSLIM] Re: How is Daily Graphs Online working this morning? Jody I have tried to register 5-6 times since yesterday evening and today morning (at 10am)(apr 30), everytime I get connection timed out for registration. Is the server down? or is there something else that I am missing? I had a suggestion about the registration screen. When the information is filled in and for any reason one is not able to register, it requires you to fill in ALL the information again (once per try) and does not keep the information entered for the next try, that is very frustrating as I have entered the info 5-6 times since yesterday and have not been able to register yet. It would be good to keep the registration info around so that it does not have to be entered again. Thanks for your response in advance. Hemant Rotithor - -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------ Date: Wed, 30 Apr 1997 08:37:41 -0600 From: jeff@scrooge.idec.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Xmission ANNOUNCEMENT: Mail server upgrade Everyone, I wanted to forward this to the canslim list for each participants "FYI". I hope we will see some noticable benefits from this upgrade. Best Regards, Jeff Salisbury - CANSLIM list admin - --- Forwarded mail from Pete Ashdown Date: Tue, 29 Apr 1997 17:06:35 -0600 (MDT) From: Pete Ashdown To: announce@xmission.xmission.com Subject: ANNOUNCEMENT: Mail server upgrade Resent-From: announce@xmission.com Resent-Date: Tue, 29 Apr 1997 17:14:26 -0600 The mail server, mail.xmission.com will be going down for approximately half an hour starting at 5:30 PM today. The processors on this Sparc 10 machine are being upgraded from dual Supersparc 51's (51 mhz) to dual Hypersparc 125's (125 mhz). This will help significantly in the amount of mail processing this machine does. Additional drives are also planned for this machine in the near future. - ------------------------------------------------------------------------------- This has been an XMission Announcement. Past announcements are available at: WWW - http://www.xmission.com/cgi-bin/announcements User FTP - /archive/announce on ftp.xmission.com News - xmission.announce - ---End of forwarded mail from Pete Ashdown ------------------------------ Date: Wed, 30 Apr 1997 10:42:12 -0400 (EDT) From: PPNewell@aol.com Subject: [CANSLIM] Best Brokers I was wondering who the best brokers are for users with lots of trades like CANSLIM and possibly options are. Or, if there are any accounts with a 1-2% of account size for unlimited trading. Thanks, Peter Newell ------------------------------ Date: Wed, 30 Apr 1997 07:55:23 -0700 From: "Nicholas P. Callahan" Subject: [CANSLIM] Wake up and smell the money! Breakout alert INVX Folks, This is breakout time on a previously mentioned stock INVX. One hour into the trading day stock has done it average daily volume. ------------------------------ Date: Wed, 30 Apr 1997 10:14:57 -0500 From: "Brenda" Subject: Re: [CANSLIM] Wake up and smell the money! Breakout alert INVX 10AM CST update on INVX Top of Upper Right Side Of Cup: 30 3/4 Breaks Into New High Ground At: 33 3/4 Shares Traded At 10 AM: 582,000 Price At 10 AM: 33 1/8, up 3 3/4 - ---------- > From: Nicholas P. Callahan > To: 'C-A-N S-L-I-M' > Subject: [CANSLIM] Wake up and smell the money! Breakout alert INVX > Date: Wednesday, April 30, 1997 9:55 AM > > Folks, > > This is breakout time on a previously mentioned stock INVX. One hour into the trading day stock has done it average daily volume. > ------------------------------ Date: Wed, 30 Apr 1997 20:39:13 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Watch candidates ** Reply to note from derek b Wed, 30 Apr 1997 09:06:03 -0400 > On the operating platform issue, we all know how rabid users can be over > their favorite OS and hardware. But from a business and investment > point of view, I am amused by the whining that DG is not supported on > platforms that have a miniscule market share among investors that could > potentially subscribe to this service. For a CANSLIM group supposedly > with an eye to fundies, I find it very ironic to even imagine that a > business decision could be made to support such multiple OS. > > Now, a Java app would seem to make marketing sense. I think that most of us whiners would be quite happy with a Java app. I am at a loss as to why DG didn't go this route. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ I'm entirely too busy to waste time choosing a tagline to use. ------------------------------ Date: Wed, 30 Apr 1997 23:42:58 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Wake up and smell the money! Breakout alert INVX ** Reply to note from "Brenda" Wed, 30 Apr 1997 10:14:57 -0500 > 10AM CST update on INVX > Top of Upper Right Side Of Cup: 30 3/4 > Breaks Into New High Ground At: 33 3/4 > Shares Traded At 10 AM: 582,000 > Price At 10 AM: 33 1/8, up 3 3/4 I think most CANSLIMers buy on highs off of the handle, which would put the buy point at 32 3/8. The handle looks rather wide and loose, which makes me nervous. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ SET PATH=Bookshelf;DeskDrawer;Closet;BoxUnderBed;GarbageCan ------------------------------ Date: Wed, 30 Apr 1997 11:59:29 -0500 From: "Brenda" Subject: [CANSLIM] ALTR I looked at INVX. Now you take a look at ALTR. Of course, has been a great day trade stock having swings of at least TWO most days for a long time. James ------------------------------ Date: Thu, 1 May 1997 00:41:58 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] ECI/Durable Goods ** Reply to note from "Tom Worley" Wed, 30 Apr 1997 07:12:08 -0400 > If it were me, I'd probably close out BA as well, damage already > done from missing estimates, they have a large backlog and are > regularly getting new contracts even tho competition stiff. After seeing today's strength, I closed out BA as well. I wonder if I will ever manage to make any money from the short side. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ How much wood did Peter Piper pick....no, wait.... ------------------------------ Date: Wed, 30 Apr 1997 19:51:49 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] ALTR ALTR Funds own 48%. So even if the other nrs are good I would not buy it. At 11:59 AM 30-04-97 -0500, you wrote: >I looked at INVX. Now you take a look at ALTR. Of course, has been a great >day trade stock having swings of at least TWO most days for a long time. >James > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------ Date: Wed, 30 Apr 1997 13:54:56 -0400 From: Michael A Langston Subject: re: [CANSLIM] Watch candidates > I am amused by the whining that DG is not supported on... i find statements such as this gratuitous -- and inflammatory -- i would hope that we can do better than this here (but maybe not) > a Java app would seem... well of course, that's the whole point mike langston ------------------------------ Date: Wed, 30 Apr 1997 13:05:09 -0500 From: "Brenda" Subject: [CANSLIM] Ownership TOO TOO High. Then that leaves out Campbell Soup (CPB) too. Right? Question: If a stock has 99 EPS, 99 REL, A accumulation, A sponsorship, A group, a GREAT graph (aka price pattern), a new GREAT new product, no debt, - - IF all of this then at "what number" ownership by insiders or institutions do you draw the line and say, "I'm not interested!" ? James - ---------- > From: Johan Van Houtven > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] ALTR > Date: Wednesday, April 30, 1997 12:51 PM > > ALTR Funds own 48%. So even if the other nrs are good I would not buy it. > > > At 11:59 AM 30-04-97 -0500, you wrote: > >I looked at INVX. Now you take a look at ALTR. Of course, has been a great > >day trade stock having swings of at least TWO most days for a long time. > >James > > > > > > Johan Van Houtven > CLICK! N.V. / Wilrijk, Belgium > > ------------------------------ Date: Wed, 30 Apr 1997 14:06:38 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Xmission ANNOUNCEMENT: Mail server upgrade Thanks Jeff, Service has been a solid A- lately IMO. Very few have need to resend msgs, best I can tell. And most of what I send, comes back rather quickly (w/in an hour). This upgrade can only help further. Thanks again for providing the List! Best regards, Craig At 08:37 AM 4/30/97 -0600, you wrote: >Everyone, > >I wanted to forward this to the canslim list for each participants "FYI". I >hope we will see some noticable benefits from this upgrade. > >Best Regards, > >Jeff Salisbury - CANSLIM list admin ------------------------------ Date: Wed, 30 Apr 1997 13:14:44 -0500 From: "Brenda" Subject: Re: [CANSLIM] Xmission ANNOUNCEMENT: Mail server upgrade Ditto! James - ---------- > From: Craig Griffin > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Xmission ANNOUNCEMENT: Mail server upgrade > Date: Wednesday, April 30, 1997 1:06 PM > > Thanks Jeff, > > Service has been a solid A- lately IMO. Very few have need to resend msgs, > best I can tell. And most of what I send, comes back rather quickly (w/in > an hour). This upgrade can only help further. > > Thanks again for providing the List! > > Best regards, > Craig > > At 08:37 AM 4/30/97 -0600, you wrote: > >Everyone, > > > >I wanted to forward this to the canslim list for each participants "FYI". I > >hope we will see some noticable benefits from this upgrade. > > > >Best Regards, > > > >Jeff Salisbury - CANSLIM list admin > > ------------------------------ Date: Wed, 30 Apr 1997 13:35:36 -0500 From: "Brenda" Subject: [CANSLIM] STM On January 1st of this year I picked this as my "Stock Of The Year". Well, like so many other stocks did this one did about the same. I got shook out of it. Just noticed it going across the screen. Pulled up graph. Got to redo or make another parameter obviously. Did not see it last night but then I did not look through the 227 stocks in one particular parameter come to think about it. Guess the system of scanning worked it was just ole James that did not work. Tired and too much to do. Well, 79 now. 68 yesterday morning. WOW! Anybody know about this one ahead of time? James ------------------------------ Date: Wed, 30 Apr 1997 20:49:31 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] STM SGS Thomson Microelectronics declines comment on activity NEW YORK, April 30 (Reuter) - The New York Stock Exchange said Wednesday that SGS-Thomson Microelectronics of France said its policy is not to comment on unusual market activiy or rumors. The NYSE said that in view of unusual market activity in the company's stock, the Exchange had requested a public statement indicating whether there were any corporate developments which may explain the activity. SGS was trading on the NYSE at 78-1/4, up four, on volume of 660,300 shares in early afternoon. At 01:35 PM 30-04-97 -0500, you wrote: >On January 1st of this year I picked this as my "Stock Of The Year". Well, >like so many other stocks did this one did about the same. I got shook out >of it. Just noticed it going across the screen. Pulled up graph. Got to >redo or make another parameter obviously. Did not see it last night but >then I did not look through the 227 stocks in one particular parameter come >to think about it. Guess the system of scanning worked it was just ole >James that did not work. Tired and too much to do. Well, 79 now. 68 >yesterday morning. WOW! Anybody know about this one ahead of time? >James > BTW, I like INVX James (cfr my remarks about INVX a few days ago). In fact I liked it so much I bought some at 31 a moment ago. I'm still mostly cash, but this is one that has potential as each hard disk needs magnetic heads, no matter how much the drive makers themselves earn per drive, they will always need to buy the (components for the) heads. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------ Date: Wed, 30 Apr 1997 20:58:03 +0200 From: Johan Van Houtven Subject: [CANSLIM] STM James, This could be a reason why STM is going up: speculation about a deal with Cyrix... April 21, 1997, Issue: 1054 Section: News ST Overcomes Problems That Held Up Cyrix Job By Jack Robertson SGS-Thomson Microelectronics N.V. last week said the company is now running five-metal-layer processing at its fab in Crolles, France - overcoming technical problems that had held up foundry production of Richardson, Texas-based Cyrix Corp.'s 6x86 Pentium-compatible chip. The two companies are negotiating an extended foundry agreement, an ST spokesman said. The original foundry agreement expires in July. Copyright =AE 1997 CMP Media Inc. http://www.techweb.com/se/directlink.cgi?EBN19970421S0016 Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------ Date: Wed, 30 Apr 1997 17:45:39 -0400 From: saltydog Subject: [CANSLIM] Discount Brokers Hi group: I am trying to decide which discount broker to use. Any suggestions. Neil Himber ------------------------------ Date: Wed, 30 Apr 1997 17:01:43 -0500 From: "Brenda" Subject: Re: [CANSLIM] Discount Brokers As many know I do put out a newsletter but am here in NO WAY to add ONE subscriber. I enjoy this group and I think we "share" information. I say that in order that you will understand this. I was looking too once, for I was once again not happy where I was. I sent out in the letter, which is International, if ANYBODY had a broker or service or agency that they were happy with to please contact me or tell me ANY GOOD stories that they had. I have never heard so many sad, sad, sad stories. There was only ONE firm that received even ONE positive remark. It, in fact, got five positive comments. Not one other firm, agency, broker, service got ONE SINGLE kind word. And I have lots of people that dearly enjoy giving praise. OK. So I changed to this #1 ranked firm for the last 3 years in some publication. Well, some things are better, some are not. I am living with the short comings but in actual fact, taking all things into consideration, IMHO, not ONE BIT better. It is a shame. I have found that the more money you have the better you "seem" to get treated. Early on, I could never imagine having the firm actually back off a trade just because I "said" they made a mistake. Get enough money and sometimes, some do listen. Be small and forget it has been my experience. I know TOM is the exception and he even will tell you there are many, many horror stories out there and the more you know about "how" the industry works the more you see how it happens. So, in answer to your question - I can name you 3 discount houses and 4 full service brokerage firms that I basically don't see a dime's difference in the lot if they were all the same price in commission. Good luck. James This is submitted as simply MY OPINION and MY EXPERIENCE. I do make a LOT of trades not yearly but DAILY and WEEKLY. That deal by Aufenhauser for $800 a year one time fee would not do me too much good. You are restricted to 20 trades a month. May work for most, but I wonder how much each additional trade is. What kind of rate do you revert to. Oh well- I've looked, I've changed, No difference!!! - ---------- > From: saltydog > To: canslim@mail.xmission.com > Subject: [CANSLIM] Discount Brokers > Date: Wednesday, April 30, 1997 4:45 PM > > Hi group: > I am trying to decide which discount broker to use. Any suggestions. > Neil Himber > ------------------------------ Date: Wed, 30 Apr 1997 16:57:39 -0700 (PDT) From: sabeel@loc1.tandem.com (ahmed_sabeel) Subject: [CANSLIM] Stock screening with DG Online Is there a way to screen stocks using Daily Graphs online? For eg, if I only wanted to look at stocks with EPS> 80, RS > 90, GRS >65 and so on, is there a way I can do it. Is there anyother software available in the marker that will let me do that (or something close to that). Thanks - -Sabeel ------------------------------ Date: Wed, 30 Apr 1997 20:39:31 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Discount Brokers There are a couple things you should ask in shopping for a broker. First, if you are going to do your own research and make your own picks, and maybe even watch your stocks during the day and make your own buy/sell decisions, then you either want a deep discount firm or you want a full svc firm that will give you deep discounts cuz you do a lot of trades and require very little in svc. The size and frequency of your orders will also make a difference. You will have to negotiate, but one advantage of a full svc firm is you can deal with the same broker all the time. This is esp useful if you will want him to call you during the day if something is happening with your stocks that you need to know. At my firm we will do trades for institutional accts (mutual funds) at 6 cents a share, don't do a lot of them but they typically trade 25K shares or more on a single order. We have several actively traded accts that typically trade 1000 or more shares, but may do five or six trades in a day, and they pay as much as 20 cents a share (full commission would have been about double this). If you go full svc, use either a major wirehouse or a BD that clears thru a major wirehouse as this gives you access to the wirehouse's trading desks. Since they make mkts in many stocks, as well as have a seat/floor specialists on most exhcanges, you can get faster, and sometimes better, execution. I have mentioned before how my mkt orders placed thru Bear often get an immediate "guaranteed" price, then they work the order and usually get a 1/16th to an eighth better. For order execution and service, have heard good things about Fidelity, including goon online access. However, in my surfing, have seen many posts about who's good and bad, and have to agree with James' comments, I hear little good. Since I work for a BD, I have never used any firm but where I work, and of course am very happy with order entry and execution (since that's one of my jobs). I have been surprised by the number of comments on deep disc firms while surfing, apparently many people thought they would get full svc at disc commissions. There is always a tradeoff. Make sure the firm is a member of NASD and SIPC. If you need or require online access for order entry, looking at your acct, etc. then ask what they offer. I have noted that the original "discount" firm, Schwab, is gradually changing into a full svc firm for those that have large accts and are willing to pay extra. You can get research, recommendations, deal with the same broker, etc. and I suspect fees are still less than full commission at a full svc broker. But most brokers are hungary, and would accept an actively traded, large acct and give little svc for disc commissions, they won't offer, but you have to ask. you can start by calling and asking for the "broker of the day" most firms will have one. Or you can ask for the retail mgr and discuss it with him, he may keep the acct, or assign it out. My best advice, call around to several different firms in different categories (full svc, discount, deep discount). Just remember you get what you pay for. Personally, I think if you are doing your own homework and simply need order execution, you can do better with access to a large wirehouse than with a disc firm assuming you can get fair discounts on the commissions. tom w - ---------- > From: Brenda > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Discount Brokers > Date: Wednesday, April 30, 1997 6:01 PM > > I have never heard so many sad, sad, sad stories. There was only ONE firm > that received even ONE positive remark. It, in fact, got five positive > comments. Not one other firm, agency, broker, service got ONE SINGLE kind > word. And I have lots of people that dearly enjoy giving praise. OK. So I > changed to this #1 ranked firm for the last 3 years in some publication. > Well, some things are better, some are not. I am living with the short > comings but in actual fact, taking all things into consideration, IMHO, not > ONE BIT better. It is a shame. I have found that the more money you have ------------------------------ Date: Wed, 30 Apr 1997 19:48:45 -0500 From: "Brenda" Subject: [CANSLIM] Categories Value Unequal? Just picked up my first piece of information from Daily Graphs. It was the Top 10 EPS Rank NYSE Stocks. After, viewing the graphs it refreshed my memory very well as to why I rank EPS as one of the least important categories in my grading criteria. Not that it is NOT important, but I grade everything else and basically use it as a tie breaker. Out of this group of stocks not one would come within 100 miles of my giving them a second look. The stocks were: CXC, BP, PT, RHI, TAP, MTZ, KAB, SZA, SMVB and FDY. I am setting up parameters to use and many different categories that I will view daily for a fair period of time to assess the parameter. If any of you already have set up parameters that are giving you stocks that you tend to keep up with daily and don't mind sharing the info I would love to know what it is. I am always glad to share with you what I have and/or what I find. Thanks. James ------------------------------ Date: Wed, 30 Apr 1997 20:45:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ECI/Durable Goods Mutual funds did poorly last year as well as early this year. Just because the portfolio managers are "professionals" doesn't mean they weren't concerned about mkt valuations and tended to be slow to move in the right direction. Have seen no reports suggesting past two days up moves were "short covering" based. In fact I doubt it, more likely is the sheer amt of money sitting on the sidelines wanting to jump back in. The problem the Japanese is the lack of strength in their economy. Being virtually totally dependent on import of raw materials, even the weakening yen seems to have failed to kick start their economy. Despite a lack of a capital gains tax, and 2% interest, nothing seems to be working. Until that happens, they can't raise rates and strengthen the yen. tom w - ---------- > From: OWENTIME@delphi.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] ECI/Durable Goods > Date: Wednesday, April 30, 1997 2:10 AM > > As a novice I'm trying to learn more about these market trends and corrctions: > Today, being #2 biggest DOW gain (#1 being just after '87 crash) I can'tt > help but wonder how nice this market is as long as short sellers buy back > > The profits from downsizing won't be as fat, and several news services > reported that mutuals are down 20% from this time last year, so why can > 't one expect 5400 before mid summer? Is this artificial glumness on the > part of the Japanese hinting at more stability for a high flying dollar > after May as we head for a small recession in'98 remains an unknown. Many > commentators have said if interest rates increase above 8% then stocks ------------------------------ Date: Wed, 30 Apr 1997 20:49:33 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ECI/Durable Goods It can be done, several brokers in my office made tremendous profits during the past month, but you got to have the right mkt for it. That is past (remember, I called the end of the correction, without qualification, even tho I was still expecting further rate hikes, pretty gutsy if I do say so myself) (BTW how much higher does it have to go before CNBC calls and wants to interview me about my secret system of calling the mkt?? Not, of course, that I would gloat or anything, you know). tom w - ---------- > From: Peter Christiansen > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] ECI/Durable Goods > Date: Wednesday, April 30, 1997 8:41 PM > > ** Reply to note from "Tom Worley" Wed, 30 Apr 1997 07:12:08 -0400 > > > > If it were me, I'd probably close out BA as well, damage already > > done from missing estimates, they have a large backlog and are > > regularly getting new contracts even tho competition stiff. > > After seeing today's strength, I closed out BA as well. I wonder if I will ever manage to > make any money from the short side. > > > > Peter Christiansen > Bangkok, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________ _________________ > > How much wood did Peter Piper pick....no, wait.... ------------------------------ Date: Wed, 30 Apr 1997 20:00:03 -0500 From: "Brenda" Subject: Re: [CANSLIM] ECI/Durable Goods Tom, You must truly have a good sense of humor. Your posts will generally list, at least my, spirits and many times I laugh out loud. In comparing MY results to Navallier, Cabot, Oberweiss, and THE MPT Review, to date NONE of them hold a candle. One is down over 30% for the year, so far. However, they continue to show up on CNBC. Why Ms G. is fairly regular and today once again ole Granville himself was spouting his words of wisdom for about five full minutes. Do me a favor Tom. When they do in fact call you to be on the program have the nerve to tell them, "Well, I thank you for the call and consideration but I seriously have a lot more important things to do than be inteviewed, criticized, and second guess by a horde of monkeys, out of work brokers and "hopefully in their minds" next months cover man for Playgirl. Should have sent this to just you but........ sorry, if somebody really thinks the station is good. I HAVE to watch it! James - ---------- > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] ECI/Durable Goods > Date: Wednesday, April 30, 1997 7:49 PM > > It can be done, several brokers in my office made tremendous > profits during the past month, but you got to have the right mkt > for it. That is past (remember, I called the end of the correction, > without qualification, even tho I was still expecting further rate > hikes, pretty gutsy if I do say so myself) (BTW how much higher > does it have to go before CNBC calls and wants to interview me > about my secret system of calling the mkt?? Not, of course, that I > would gloat or anything, you know). > > tom w > ---------- > > From: Peter Christiansen > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] ECI/Durable Goods > > Date: Wednesday, April 30, 1997 8:41 PM > > > > ** Reply to note from "Tom Worley" Wed, 30 > Apr 1997 07:12:08 -0400 > > > > > > > If it were me, I'd probably close out BA as well, damage > already > > > done from missing estimates, they have a large backlog and are > > > regularly getting new contracts even tho competition stiff. > > > > After seeing today's strength, I closed out BA as well. I wonder > if I will ever manage to > > make any money from the short side. > > > > > > > > Peter Christiansen > > Bangkok, Thailand > > > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > > > ____________________________________________________________________ > _________________ > > > > How much wood did Peter Piper pick....no, wait.... > ------------------------------ Date: Wed, 30 Apr 1997 20:59:30 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Categories Value Unequal? James, in a normal CANSLIM kinda mkt, I generally won't put my CANSLIM money into anything below RS95, EPS 95, a/d B, timeliness B, and up/down 1.2 or better. Normally a/d and timeliness will both be A. Of course, chart pattern has to be acceptable, stock usually close to 50dma with a 3 wk or more base nearby. Gotta have liquidity, usually look for min of 200K avg shares a day or more. Debt, inventory turnover, stuff like that matters but doesn't get a lot of weight. I prefer to look at at least two years worth of quarterly earnings and sales (which is why I like the enhancement to DG Online), and study the pattern and seasonality of both earnings and sales. I also look at yearly earnings and estimated earnings for next one to two years. If no est earnings, I usually won't touch. In a market like we have been having, I tend to look for solid cos that have been oversold but have extremely good earnings history and growth, along with some kind of a base. I disagree with you on the importance of EPS, but then I am working from a little more CANSLIM bent than you are, if I read many of your system's top picks correctly. Volatility is actually more desirable to me while is less desirable, even avoided, for you, as just one example Hope this helps a little. tom w - ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Categories Value Unequal? > Date: Wednesday, April 30, 1997 8:48 PM > > Just picked up my first piece of information from Daily Graphs. It was the > Top 10 EPS Rank NYSE Stocks. After, viewing the graphs it refreshed my > memory very well as to why I rank EPS as one of the least important > categories in my grading criteria. Not that it is NOT important, but I > grade everything else and basically use it as a tie breaker. Out of this > group of stocks not one would come within 100 miles of my giving them a > second look. The stocks were: CXC, BP, PT, RHI, TAP, MTZ, KAB, SZA, SMVB > and FDY. I am setting up parameters to use and many different categories > that I will view daily for a fair period of time to assess the parameter. > If any of you already have set up parameters that are giving you stocks > that you tend to keep up with daily and don't mind sharing the info I would > love to know what it is. I am always glad to share with you what I have > and/or what I find. Thanks. > James ------------------------------ Date: Wed, 30 Apr 1997 21:11:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Economic Reports Haven't yet had time to study it, very busy day at work, then had a Bd of Directors meeting till 8PM, and now going thru email. What little I could pick up was that: general sense that mkt oversold (actually not) follow thru from yesterday's ECI report confirming belief that Feds won't hike in May (I have now dropped my concern/expectation that the hike will be 50bp, but not yet convinced that a hike won't happen, however now rate it as a possible vice probable - that's a big switch for me). My biggest reason for this switch is that employment costs are the biggie, spurred upward by rising health costs. This latest report suggests this still isn't happening despite the 0.9% rise in compensation. And other reports are suggesting that the economic spurt we have been seeing is starting to ebb a little in Q2. With so few major economic reports remaining till the meeting, and the increasing politicization of the Fed's role (Clinton waded into it today, indicating no inflation, gotta maintain favor with Congress and the little people after all), and recent reports not providing proof that even James would accept that inflation is a concern, I suspect the Feds will hold off and watch the reports leading up to the August meeting. Means probably a couple of good months until the summer, then another two months of uncertainty at a time when the mkt is seasonally stagnant and flat. tom w - ---------- > From: David F. Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Economic Reports > Date: Wednesday, April 30, 1997 8:47 AM > > > as 1.5% up, now revised to up 0.8%. Maybe James is right, Mr G > > should slap himself on the hand, he was premature and should have > > cut rates instead of raising them? > > I wouldn't jump to this conclusion yet... > > > Q1 GDP - expected at 4%, altho this includes about a 2 pt decrease > > due to trade imbalance, real economic activity was thus > > considerably higher. Q4 by comparison was 3.8% but without such a > > Came in at 5.6% Could be a rough day. Will be interesting > to see how the market takes it. > > Dave Cameron ------------------------------ Date: Wed, 30 Apr 1997 21:18:00 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Ownership TOO TOO High. Personally, if I am looking at a "big cap" stock, then these characteristics are fine and fund ownership isn't a concern unless they already own about 98% of the stock. With a big cap, I expect large fund holdings, would be concerned if they didn't. With a secondary stock like ALTR, I would be concerned and would try to understand it as it seems to be an anomoly. i would check if maybe there is convertible debt, largely held by whoever took them public. Maybe there are IPO warrants held by their underwriter, now in the money, thus must be counted. If everything else was good, and I was having trouble finding better candidates, then I would examine and research the one item giving me trouble before dismissing the stock. On the other hand, a large fund holding percentage on a stock like this cannot be ignored except at your peril, most recent example is FRTE after Morgan Stanley cut their ratings on it and the stock gapped down 25% and fell another 25% plus in a single day. tom w - ---------- > From: Brenda > To: canslim@mail.xmission.com > Subject: [CANSLIM] Ownership TOO TOO High. > Date: Wednesday, April 30, 1997 2:05 PM > > Then that leaves out Campbell Soup (CPB) too. Right? > Question: If a stock has 99 EPS, 99 REL, A accumulation, A sponsorship, A > group, a GREAT graph (aka price pattern), a new GREAT new product, no debt, > - IF all of this then at "what number" ownership by insiders or > institutions do you draw the line and say, "I'm not interested!" ? > James > ---------- > > From: Johan Van Houtven > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] ALTR > > Date: Wednesday, April 30, 1997 12:51 PM > > > > ALTR Funds own 48%. So even if the other nrs are good I would not buy it. > > ------------------------------ End of canslim Digest V1 #159 ***************************** To subscribe to canslim Digest, send the command: subscribe canslim-digest in the body of a message to "majordomo@xmission.com". 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