From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #168 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Wednesday, May 7 1997 Volume 01 : Number 168 In this issue: Re: [CANSLIM] AGI Re: [CANSLIM] BTGC Re: [CANSLIM] More Stocks To Look At--ACRT Re: [CANSLIM] More Stocks To Look At--ACRT re: [CANSLIM] Surface! Surface! Surface! [CANSLIM] ADVH Re: [CANSLIM] BTGC [CANSLIM] BTGC/VC [CANSLIM] VC [CANSLIM] Owentime's List Of Stocks [CANSLIM] Volatility re: [CANSLIM] Surface! Surface! Surface! Re: [CANSLIM] Owentime's List Of Stocks Re: [CANSLIM] Owentime's List Of Stocks Re: [CANSLIM] Owentime's List Of Stocks [CANSLIM] BCF [CANSLIM] Looking Up Charts [CANSLIM] CANSLIM Stocks Re: [CANSLIM] BCF [CANSLIM] My comments on the CANSLIM forum Re: [CANSLIM] BCF Re: [CANSLIM] Economics and the Market Re: [CANSLIM] My comments on the CANSLIM forum re: [CANSLIM] Surface! Surface! Surface! [CANSLIM] Chocoholics Out There Re: [CANSLIM] My comments on the CANSLIM forum [CANSLIM] William O'Neil' trading record is very bad!!! [CANSLIM] MTC re: [CANSLIM] Surface! Surface! Surface! re: [CANSLIM] BCF Re: [CANSLIM] Owentime's List Of Stocks Re: [CANSLIM] Owentime's List Of Stocks 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, 7 May 1997 07:55:44 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] AGI looked at the chart, but didn't ring my bell either. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. - ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] AGI > Date: Tuesday, May 06, 1997 8:43 PM > > Stock won't ring my bell BUT, sort of cup, sort of handle (lots wrong with > both) BUT... did hit new high, great vol increase, on a day that most > stocks were NOT doing their thing and under ten dollars. Use it if you can. > James ------------------------------ Date: Wed, 7 May 1997 07:57:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BTGC Other than it finally isn't loosing millions of dollars, don't know. Chart didn't impress me considering mkt action, but then it's group hasn't been a stellar performer lately. Base doesn't look bad if vol picks up. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. - ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] BTGC > Date: Tuesday, May 06, 1997 12:49 PM > > What's happening with BTGC? > James ------------------------------ Date: Wed, 7 May 1997 08:00:42 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] More Stocks To Look At--ACRT Looks like it might be trying to form kinda a handle, vol certainly impressive, and with a 99/99 it's #1 in its group. Would be nice to have an earnings forecast, tho. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. - ---------- > From: Trader Jack > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] More Stocks To Look At--ACRT > Date: Wednesday, May 07, 1997 12:00 AM > > Not sure if anyone has mentioned this one yet, but check out ACRT. Nice re-acceleration > in EPS (reported 0.08 vs. 0.03 as of 1 May 97). Chart is an eye-pleaser on both a 1 year and > 5 year basis. ACRT looks like it's working off the last vestiges of overhead at $14 after gapping > out of its 8 week base when it reported earnings on 1 May. Earnings growth is fueled by > revenue increases. Institutions aren't into this one heavily yet (only 4% of shares outstanding). > No debt to speak of. Value ratios are lousy, but momentum takes precedence. Zacks doesn't > cover it yet, so no earnings projections going forward. > > Nasdaq & RUT.X look somewhat toppy short term here. I see risk down to 1260 on Nasdaq > and roughly the 350 area on the Russell. If we pause here long enough (a week or two) > without getting volatile to the downside, many of the current leaders should give us a second > chance entry point. I'd be happy to see a little consolidation to put some "meat on these chart > bones" as I can't justify buying into beanstalk charts. Of course, I'm describing a perfect world > which the market rarely subsidizes, muhahaha..... > > Trader Jack > ------------------------------ Date: Wed, 7 May 1997 07:49:26 -0500 From: "Brenda" Subject: Re: [CANSLIM] More Stocks To Look At--ACRT This one (ACRT) and (BTGC) hit my top five some time ago during their initial run-up. Of course, with their chart got stopped out of both. They seem to run together a lot of the time. Must be "buddies". Made good money in both!! James - ---------- > From: Peter Christiansen > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] More Stocks To Look At--ACRT > Date: Wednesday, May 07, 1997 1:26 PM > > ** Reply to note from investor@yvv.com (Trader Jack) Wed, 7 May 1997 00:00:41 -0400 (EDT) > > > > Not sure if anyone has mentioned this one yet, but check out ACRT. Nice re-acceleration > > in EPS (reported 0.08 vs. 0.03 as of 1 May 97). Chart is an eye-pleaser on both a 1 year and > > 5 year basis. ACRT looks like it's working off the last vestiges of overhead at $14 after gapping > > out of its 8 week base when it reported earnings on 1 May. Earnings growth is fueled by > > revenue increases. Institutions aren't into this one heavily yet (only 4% of shares outstanding). > > No debt to speak of. Value ratios are lousy, but momentum takes precedence. Zacks doesn't > > cover it yet, so no earnings projections going forward. > > I have got my eye on this one... I thought it was going to go yesterday; not yet though. > > > Peter Christiansen > Bangkok, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________________ _________ > ------------------------------ Date: Wed, 07 May 1997 08:59:09 -0400 From: Michael A Langston Subject: re: [CANSLIM] Surface! Surface! Surface! >> I thought about joining Liming's list, but... > it was a pretty dead list, and I was the only one making... uh, that's because those who had been the most active formed our own group, free and separate from lyndel's, whose ISP left a lot to be desired long before he took the money and ran -- paul and bob set it up, unclear why you were left off > Cisco reports earnings shortly uh oh, looks like our ISP isn't too responsive here either :( mike langston ------------------------------ Date: Wed, 7 May 1997 08:32:42 -0500 From: "Brenda" Subject: [CANSLIM] ADVH Currently on top of Zacks Today's Extreme Earning Surprises showing 100% there. Graph sitting on 50 dma Case cup be drawn to "say" there is a cup and handle there. Sort of low volume. Get this one- Advanced Health Corp is listed by TC2000 as a Distiller/Brewer. That must be the category they use to throw any stock into that they don't know what they do. U.S. Surgical was in this category by them for a long time. Done no other reasearch on this stock-On your own, as you really always are. Is this considered in "free parking area"? James ------------------------------ Date: Wed, 07 May 1997 16:02:19 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] BTGC Selected biotech have doing quite well the last few days. BTGC is one that has earnings. Up 11/16 today as I type. RS: 95 EPS R: 42 ACC: B FUNDS: 5% At 07:57 AM 07/05/97 -0400, you wrote: >Other than it finally isn't loosing millions of dollars, don't >know. Chart didn't impress me considering mkt action, but then it's >group hasn't been a stellar performer lately. Base doesn't look bad >if vol picks up. > >tom w > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be intrepreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. > >---------- >> From: Brenda >> To: canslim >> Subject: [CANSLIM] BTGC >> Date: Tuesday, May 06, 1997 12:49 PM >> >> What's happening with BTGC? >> James > > - --- Johan Van Houtven ------------------------------ Date: Wed, 7 May 1997 09:56:44 -0500 From: "Brenda" Subject: [CANSLIM] BTGC/VC BTGC up over 1 on almost a million shares already.VC opened down 3. Down 2 3/8 now - Use the info if you can. ------------------------------ Date: Wed, 7 May 1997 09:35:44 -0500 From: "Brenda" Subject: [CANSLIM] VC If you own this one you've got some homework to do. Go to : http://investor.msn.com/news/news.asp and pull up VC and/or THY and read. VC purchasing THY for $16 cash when the highest price THY had been prior to a previous announcements "days ago" to be purchased was $10.25 - So far, have not seen VC trade. Going to open DOWN 6? Want to hazzard a guess? Any ideas? James VOLT moving from NASDAQ to NYSE ------------------------------ Date: Wed, 7 May 1997 08:51:51 -0500 From: "Brenda" Subject: [CANSLIM] Owentime's List Of Stocks Why would you give us such a list of stocks? I always pull up stocks mentioned on this forum and for the most part I can see the reasoning behind most issues. I am paying $.39 to pull up a stock I have not heard of and do NOT mind doing that at all, usually. You gave us a list of 50 stocks. I pulled up the entire list. I did already have a couple of them. Those were basically THE ONLY ONES that had any type of decent numbers now or in the past. I repeat, "Why would you put out such a list". My lists, as most know, do have "some" CANSLIM relevance but my very favorites are from LL to UR. Do you want to be known as "The Bottom Fisherman"? I found less than 10% of the graphs to even "remotely" have an uptrend. I did find a lot of stocks that are probably about as low as they might go. Nothing wrong with bottom fishing but mentioning a WAD of them to a group that is well known for it's purchasing stocks as they break into new high ground. I dare say 95% of the stocks on your list will not see high ground in the next year. SORRY, but I just don't understand! Why would you post such a list? Please explain. As for me, I won't be looking at any more of such picks. James ------------------------------ Date: Wed, 7 May 1997 13:00:36 -0800 From: pwahl@postoffice.worldnet.att.net Subject: [CANSLIM] Volatility I saw a note in Fortune recently that talked about market volatility in the last few months. The percentage of days where there were 1 percent price swings in the market from high to low this year is somewhere in the 60's. Typically the number of days with one percent swings is in the 30 percent range. The last year that volatility was so high was 1987. Just thought I would toss this one out on a day where the market is down 146 about 10 minutes before the close. NASDAQ has held up pretty well through all this, down only about 6 points so far. ------------------------------ Date: Wed, 7 May 1997 13:00:36 -0800 From: pwahl@postoffice.worldnet.att.net Subject: re: [CANSLIM] Surface! Surface! Surface! > From: Michael A Langston > >> I thought about joining Liming's list, but... > > it was a pretty dead list, and I was the only one making... > > uh, that's because those who had been the most active formed > our own group, free and separate from lyndel's, whose ISP left > a lot to be desired long before he took the money and ran -- > paul and bob set it up, unclear why you were left off I think because I had vamoosed before you guys formed the new list. I should have said I was "nearly" the only one posting, because there were some other ideas, but the list was not nearly as lively as this one is. Also, the name I couldn't remember was James Cramer, who today had a full page ad in IBD that was a reprint of a newsletter and had a fairly mocking attitude toward most market prognosticators/commentators. ------------------------------ Date: Wed, 7 May 1997 13:00:36 -0800 From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] Owentime's List Of Stocks > From: "Brenda" > Why would you give us such a list of stocks? I always pull up stocks > mentioned on this forum and for the most part I can see the reasoning > behind most issues. I am paying $.39 to pull up a stock I have not heard of Before you fork over the 39 cents, you might want to go to an internet site and look at the chart free (less online charges, which should be minimal) and decide if you wish to add it to a watch list. www.tscn.com is a good one, also www.stockmaster.com will work, not as good as the first site though. ------------------------------ Date: Wed, 7 May 1997 16:45:14 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Owentime's List Of Stocks >From: "Brenda" : >Why would you give us such a list of stocks? I always pull up stocks >mentioned on this forum and for the most part I can see the reasoning >behind most issues. I am paying $.39 to pull up a stock I have not heard of James, what are you using for a graph/data source? Sounds like TC 2000 rates to me. If so, it can get costly if you just want to do a go/no-go scan of a list of unkown stocks. You should be able to pull up charts for free at various internet sites unless your on-line configuration prevents that for some reason (or maybe it takes too long?). A couple of sites that I like are www.wallstreetcity.com and www.lombard.com. Thirty-nine cents a chart sure adds up quickly given the number of issues thrown out for discussion in this forum. Regards, Trader Jack ------------------------------ Date: Wed, 07 May 1997 17:09:37 -0400 From: Hemant Rotithor Subject: Re: [CANSLIM] Owentime's List Of Stocks Trader Jack wrote: > > >From: "Brenda" : > >Why would you give us such a list of stocks? I always pull up stocks > >mentioned on this forum and for the most part I can see the reasoning > >behind most issues. I am paying $.39 to pull up a stock I have not heard of > > James, what are you using for a graph/data source? Sounds like TC 2000 > rates to me. If so, it can get costly if you just want to do a go/no-go scan of a > list of unkown stocks. > > You should be able to pull up charts for free at various internet sites unless > your on-line configuration prevents that for some reason (or maybe it takes too long?). > A couple of sites that I like are www.wallstreetcity.com and www.lombard.com. Thirty-nine > cents a chart sure adds up quickly given the number of issues thrown out for > discussion in this forum. > > Regards, > > Trader Jack In addition to the cost for charts the time spent researching on unpromising candidates can be significant. What James may be hinting at is that people post their very shortened (say 1-10/15 stocks) list after doing their research (may be with a line expressing their strategy for selection) so that it can be used by the participants effectively. - -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------ Date: Wed, 7 May 1997 17:01:49 -0500 From: "Brenda" Subject: [CANSLIM] BCF Tomorrow on Zacks Extreme Earning Surprises you should find BCF on the top of the list "IF" what CNBC just reported is true. Stated they came in with earnings at $.10, a nickel above estimates, and reversing a loss in previous period. What will this do to the price of the stock? Who knows? But it did close today, with market down about a hundred, at a new 52 week high. Just one more of those LL to UR charts. They are sort of like Bullova Watch - just keep on tickin. Have a good day. Will be looking very hard tonight at increasing ALL positions in ALL portfolios that I manage who have a holding in BCF already by an additional 50%. James ------------------------------ Date: Wed, 7 May 1997 18:06:39 -0500 From: "Brenda" Subject: [CANSLIM] Looking Up Charts I think Herman is on the right track. When given a rather large list of stocks to view, I don't know about the rest of you, but I don't have the time, personally to spend a lot of time having to pull up a chart, look at it, decide it I want it on my base, then go to the next one. I do this investing thing for a LIVING and if I did that there would not be time to use the info. What I have found, AS A RULE, here on this list is that when given a list of 25 stocks I can count on 20 of them exhibiting CANSLIM shapes, numbers, etc. I "expect" them to. I certainly do not mind investing $.39 on any chart that exhibits CANSLIM characteristics and I want it on my base. My base is about 5,000 stocks now and I have all stocks that have been mentioned on the Week-End Review section in IBD for almost the last 5 years. Therefore, when I have found a list mentioned here on this list it is SELDOM that I have to add more than one or two stocks. When I see a list that has 50 stocks on it and I have to add 35, I knew something was wrong somewhere. I found out. Those on this list KNOW what kind of stocks I like and even though a stock may not have a cup w/handle you can bet that it meets MOST of the CANSLIM criteria or I would not be interested in it. Now, let's simply leave it at "This is a CANSLIM group. This is a CANSLIM discussion group. If you have personal comments for someone on the list send them to them INDIVIDUALLY. If you want to "bottom fish", or buy penny stocks or look for $2-$3 stocks headed to the moon - find somewhere or some list that is interested in them. If the group disagrees with this premise then I don't understand what this group is all about. I have stocks that I buy that don't conform to the CANSLIM rules and I don't usually subject the group to them. If you want a cheap stock that has a cup with a handle take a look at PARL. Rel has to be very, very low and other numbers may or may not check out but AT LEAST it does have a cup with a handle. I'm through with this conversation and will not respond further to this subject. (I hear the group cheering in the background - Rah, rah, rah!!) OK. Enough is enough. My infamous Wall Chart Timing Indicator had 71% of the stocks go down today as was expected by the previous days of euphoria. Have a good evening. James ------------------------------ Date: 8 May 97 11:04:38 From: Dean Edwards Subject: [CANSLIM] CANSLIM Stocks Thanks to all those people posting their CANSLIM stock picks. Your my eyes and ears! I definitely can,t buy all of them. But I,m tracking at least 10-20 new stocks from this forum. ` ------------------------------ Date: Wed, 7 May 1997 19:10:31 -0500 From: "Ricardo Bekin" Subject: Re: [CANSLIM] BCF > From: Brenda > To: canslim > Subject: [CANSLIM] BCF > Date: Wednesday, May 07, 1997 5:01 PM > > Tomorrow on Zacks Extreme Earning Surprises you should find BCF on the top > of the list "IF" what CNBC just reported is true. Stated they came in with > earnings at $.10, a nickel above estimates, and reversing a loss in > previous period. What will this do to the price of the stock? Who knows? > But it did close today, with market down about a hundred, at a new 52 week > high. Just one more of those LL to UR charts. They are sort of like Bullova > Watch - just keep on tickin. Have a good day. Will be looking very hard > tonight at increasing ALL positions in ALL portfolios that I manage who > have a holding in BCF already by an additional 50%. > James > James: I saw this one coming. Last Friday I posted this on the Motley Fool BCF board: >BCF is expected to announce earnings on May 7, and the consensus estimate is $0.01. > >On April 4 they announced '...that net sales for the third quarter which ended March 29, 1997 >were $384.0 million compared with $323.2 million in the similar period last year.'. Their gross >margins are better than 30%. > >Last year they posted a $4.6 million loss, which translated to - -$0.11/share. > >It seems obvious that they are about to trounce the consensus estimate! > >Ricardo Why didn't the analysts raise their estimates after the April 4 sales announcement? I just wish I were always this right! I have been lurking here for a few weeks now and I would have posted it to this list too, but I am too new to this CANSLIM stuff and can't tell if BCF meets the other requirements for being discussed here. What I find very intriguing is how many of my own small cap stock picks turn out on this list too. Here is my list as of last Wednesday (I am _not_ claiming any of these is a CANSLIM type stock): AE, AIX, AMRI, BLDG, BMP, BTV, CABP, CSI, DDDDF, DGP, DSWLF, DW, EXPD, FB, FIC, FNF, FPWR, FRES, GFF, GNCNF, GNTX, HRSH, IMP, INT, INVX, ITGI, MCRL, MSON, NATR, NQL.A, NRL, PLX, PRIA, PTII, RESM, RMR, SCTR, SECX, SFAM, SFSK, SJK, SMOD, SMRT, SWFT, SWST, TMSR, USHG, VISX and XRIT. Take care! Ricardo Bekin ------------------------------ Date: 8 May 97 12:36:56 From: Dean Edwards Subject: [CANSLIM] My comments on the CANSLIM forum At the very beginning, when this forum started, the problem was not the terrific number of postings but the lack of it. A forum should be open communication. I personally don,t buy stocks below $10.But the last thing I want to see, is one person dominating the forum with their rigid dogmatic views on strict criteria of CANSLIM postings for this forum. Otherwise people, you are only going to see that person posting messages along with his or her cronies and probably drive everyone else into lurking. Also not everyone is at the same genius trading level as Wiliam O,Neil. Meaning people are at different stages of trading development. Some people will have to find out for themselves the hard way. Why it isn,t a good ideal to buy stocks below $10. Experience is a great teacher. Finally here is the solution about what you don,t want to read with CANSLIM postings. People have a simple key on their computer key board. You can do a sought by date, name or subject in mail and press delete. I hate censorship, everyone has the ability themselves to filter out what they don't want to read. ------------------------------ Date: Wed, 7 May 1997 19:49:39 -0500 From: "Brenda" Subject: Re: [CANSLIM] BCF Without even looking any of these up I know you are on the right track. I recognize almost all of these. Any I do not have I will add to my base and take a look. Heres a question I would have for Zacks earning surprises and the percentage figure they use for a surprise. Let's say a stock is expected to have a penny loss and has a two cent plus result. What percentage surprise is that. Now a stocks is expected to have a nickel loss and has a ten cent plus- Percentage surprise is.....? Also, is the percentage surprise above the consensus estimate? WON always WARNS about stocks whose earnings are a penny or so and that the percentage increases are so bloated out of proportion that they may not be of any use. As of last Friday, BCF showed mgt owning 56% of the stock, EPS 49, REL 97, ACC A, GRP A, Sponsorship A, and "my grades" grades for volatility based on the shape of the graph was 93 for long term and 98 for short term. Keep up the good work. James - ---------- > From: Ricardo Bekin > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] BCF > Date: Wednesday, May 07, 1997 7:10 PM > > > From: Brenda > > To: canslim > > Subject: [CANSLIM] BCF > > Date: Wednesday, May 07, 1997 5:01 PM > > > > Tomorrow on Zacks Extreme Earning Surprises you should find BCF on the > top > > of the list "IF" what CNBC just reported is true. Stated they came in > with > > earnings at $.10, a nickel above estimates, and reversing a loss in > > previous period. What will this do to the price of the stock? Who knows? > > But it did close today, with market down about a hundred, at a new 52 > week > > high. Just one more of those LL to UR charts. They are sort of like > Bullova > > Watch - just keep on tickin. Have a good day. Will be looking very hard > > tonight at increasing ALL positions in ALL portfolios that I manage who > > have a holding in BCF already by an additional 50%. > > James > > > > James: > > I saw this one coming. Last Friday I posted this on the Motley Fool BCF > board: > > >BCF is expected to announce earnings on May 7, and the consensus estimate > is $0.01. > > > >On April 4 they announced '...that net sales for the third quarter which > ended March 29, 1997 >were $384.0 million compared with $323.2 million in > the similar period last year.'. Their gross >margins are better than 30%. > > > >Last year they posted a $4.6 million loss, which translated to > -$0.11/share. > > > >It seems obvious that they are about to trounce the consensus estimate! > > > >Ricardo > > Why didn't the analysts raise their estimates after the April 4 sales > announcement? I just wish I were always this right! > > I have been lurking here for a few weeks now and I would have posted it to > this list too, but I am too new to this CANSLIM stuff and can't tell if BCF > meets the other requirements for being discussed here. > > What I find very intriguing is how many of my own small cap stock picks > turn out on this list too. Here is my list as of last Wednesday (I am _not_ > claiming any of these is a CANSLIM type stock): > > AE, AIX, AMRI, BLDG, BMP, BTV, CABP, CSI, DDDDF, DGP, DSWLF, DW, EXPD, FB, > FIC, FNF, FPWR, FRES, GFF, GNCNF, GNTX, HRSH, IMP, INT, INVX, ITGI, MCRL, > MSON, NATR, NQL.A, NRL, PLX, PRIA, PTII, RESM, RMR, SCTR, SECX, SFAM, > SFSK, SJK, SMOD, SMRT, SWFT, SWST, TMSR, USHG, VISX and XRIT. > > Take care! > > Ricardo Bekin > > ------------------------------ Date: Wed, 7 May 1997 21:18:41 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Economics and the Market > From: "Tom Worley" : >Anybody notice yesterday that the rally in the STOCK mkt was >credited with causing a rally in the BOND mkt? When's the last time >you remember that happening? August of 1987. Tee-Hee. >Anybody notice that the Japan mkt blew threw the 20K level >yesterday, and was expected to hold above that point and >consolidate tonight? Credits go to the strong US mkt, as well as >AN IMPROVING JAPANESE ECONOMY and lesser concerns about >non-performing real estate loans held by their banks. Investment psychology strikes again. Yet another example of, the tail wagging the dog as the "experts" can only react to what's happening with canned "why" responses. Maybe one day one these "experts" can explain why something happens before it does! I ain't holdin' my breath. I'd do it if I could, but I can't. Then again, I'm not getting paid to either. :) >I guess with the last several record setting days, I can definitely >claim kudos for calling the end of the correction, wish I had >called the start of it better, tho, might have had some cash to use >when it reversed. I dunno, I think you did darn swell. You gave us a heads up while all of the experts were still trying to say why the correction was a correction. Some of these idiots were just getting around to admitting that we were experiencing a correction. Now we'll see how long it takes them to get back on the rally bandwagon. The longer it takes, the longer the rally we'll have. >Earnings appear to me to still be coming in better than expected by >a wide margin. Most notable for afternoon reports was Thermedics, >reporting 56 cents against estimates of 17 cents (no, not my typo >at any rate, didn't have time to investigate, but doesn't sound >possible). I saw something saying that TMD restated Q1 1996 EPS, but it didn't elaborate as to how much or in which direction. TMD is one of those CANSLIM fallen angels which, if it can get to $21/share and base for a few weeks, could pop up on our radar screens once again. Action in the stock has been positive since the latest EPS report, but it still needs more time. Trader Jack ------------------------------ Date: Wed, 07 May 1997 20:24:39 CDT From: David F. Cameron Subject: Re: [CANSLIM] My comments on the CANSLIM forum > Finally here is the solution about what you don't want to read with CANSLIM > postings. People have a simple key on their computer key board. You can do a > sought by date, name or subject in mail and press delete. I hate censorship, > everyone has the ability themselves to filter out what they don't want to read. Hear, hear! I agree. I prefer that people think through what they are going to post before posting. I also prefer that people decide whether or not their post is relevant to CANSLIM. But... everyone should be able to post what they want, and each of us should apply our own judgment as to whether or not it is worth reading, considering, etc... Dave Cameron ------------------------------ Date: Wed, 7 May 1997 21:25:21 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: re: [CANSLIM] Surface! Surface! Surface! >From: Michael A Langston >uh, that's because those who had been the most active formed >our own group, free and separate from lyndel's, whose ISP left >a lot to be desired long before he took the money and ran -- So you guys "broke out" so to speak? :P >paul and bob set it up.... Where is Bob Klasky these days, anyone know? >> Cisco reports earnings shortly CSCO did ok today, albeit in a volatile fashion. Only 28 million shares traded in it by the close. It's a good harbinger that a so-so EPS report still prompted a good amout of institutional purchasing. Trader Jack ------------------------------ Date: Wed, 7 May 1997 20:51:14 -0500 From: "Brenda" Subject: [CANSLIM] Chocoholics Out There Well, if there are any chocolate holics out there and have put their money in the market for the last 2-3 months with Hersheys (HSY) and Tootsie Roll (TR), they should be just about fixed for life. If you choose to look at those two charts don't forget what the market was doing while the chocolate factories just kept on going. Today and tonight have looked at LOTS and LOTS of graphs once again. Tomorrow will be looking about adding the following to the infamous Wall Chart: AEIS, ABF, CDI, CEBC, ECP, CDEN, CREAF, MAVK, TR and UTR. Do not have any of the numbers as of yet but those of you who know me KNOW what to expect should you choose to look at the graphs to any of these stocks. Is IMNX in the Free Parking Zone?. BTGC has the 10 dma, 50 dma and 100 dma all sitting on TOP of each other tonight. Have a good day and let's hope the market goes up tomorrow. Not sure what effect this capital gains thing will have but my guess is that if too many sell into it, more will buy. Just a guess. Have a good night. James ------------------------------ Date: Wed, 7 May 1997 20:54:03 -0500 From: "Brenda" Subject: Re: [CANSLIM] My comments on the CANSLIM forum I agree! Touche! Point WELL MADE and WELL TAKEN! James - ---------- > From: David F. Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] My comments on the CANSLIM forum > Date: Wednesday, May 07, 1997 8:24 PM > > > Finally here is the solution about what you don't want to read with CANSLIM > > postings. People have a simple key on their computer key board. You can do a > > sought by date, name or subject in mail and press delete. I hate censorship, > > everyone has the ability themselves to filter out what they don't want to read. > > Hear, hear! I agree. I prefer that people think through what they are > going to post before posting. I also prefer that people decide whether > or not their post is relevant to CANSLIM. But... everyone should be able > to post what they want, and each of us should apply our own judgment as to > whether or not it is worth reading, considering, etc... > > Dave Cameron > ------------------------------ Date: Wed, 07 May 1997 22:02:52 -0700 From: GoldFish Subject: [CANSLIM] William O'Neil' trading record is very bad!!! Hi folks: I use a spread sheet to check the Guru's trading record. It is far worse than I expected. I used the trading record shown on pp.133~134 in William O'Neil's book (1st edition). I did not use the trading record shown on pp. 135 due to the stock split. The average return is only about 6.88%. The standard deviation is 18%. He has two big win (about 60%), most of the winning bet is about 20% (or less) not to mention the lose bets. Overall, based on this record, I would consider him as a successful trader nor investor. I doubt that anyone wiull hire him as a mutual fund manager with that kind of performance. Question: How can he stir such a big fan fair among trader/investor? For those who interest in the spread sheet just send me your e-mail address and I'll send it to you. I used the spread sheet in Window for Group. - -- GoldFish "Every stock is a bad stock..." ------------------------------ Date: Wed, 7 May 1997 21:17:31 -0500 From: "Brenda" Subject: [CANSLIM] MTC OK Group, Haven't done my homework as far as CANSLIM numbers go on this one. Personally, am just aware that this company uses their stock very importantly in retirement plans and funds, bonus pay, etc. They, in the past, have always watched that price very closely. Now the graph shows a fairly good consolidation period and I would "think" that is absorbing that FIVE FOR ONE stock split. It has shot up recently. Is it safe? Opinions sought! For what it's worth, Campbell Soup selling it's Marie's refrigerated salad dressing and dip business to Dean Foods. (CPB-DF). CPB was way down early but closed only down a quarter. That seems good to me on a day that NYSE down a hundred. Yet, VC is going to buy something and Wall Street must not think they know what they are doing. Go figure! James ------------------------------ Date: Wed, 07 May 1997 22:17:31 -0400 From: Michael A Langston Subject: re: [CANSLIM] Surface! Surface! Surface! > Where is Bob Klasky these days, anyone know? same old place: rklasky@disc.dla.mil > CSCO did ok today...It's a good harbinger that a so-so EPS > report still prompted a good amout of institutional purchasing. esp in contrast w/ the trouncing CSCC took when she beat ests by 4 cents -- the glass is always half full in a bull market! mike langston ------------------------------ Date: Wed, 07 May 1997 22:23:28 -0400 From: Michael A Langston Subject: re: [CANSLIM] BCF > Stated they came in with earnings at $.10, a nickel above estimates > ... What will this do to the price of the stock? Who knows? i don't know either, but would merely observe that the stock price has doubled in recent months, not even re-touching its 50dma since february -- so this little "surprise" strikes me as just another of the street's worst-kept secrets mike langston ------------------------------ Date: Wed, 07 May 1997 22:24:17 -0400 (EDT) From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Owentime's List Of Stocks As a novice I'm glad to get opinions like yours James! Obviously I'm not yet comfortable with a style of getting good stocks to pick from, therefore my curiousity looms with the break out of small caps. BTW I'm not sure what LL and UR mean? Other stocks to consider: TUBOS GDYS Centocor CIEN QLTIF: Canadian drug co. w. photo-reactive cancer treatment. @23 SOLLY aanyway, those are some that I've narrowed it down to. Opinions? ------------------------------ Date: Wed, 7 May 1997 22:17:26 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Owentime's List Of Stocks From an overworked, exhausted kinda CANSLIMer member: I had already concluded that I would not use my limited time to look at charts from OWENTIME. Simply put, I had looked at too many suggested, and found them to totally fail even the vaguest suggestion of CANSLIM criteria. Even tho I have a bent for penny stocks (lately to my great regret, and the cause of my lack of contribution here as I wrest with my latest disaster, takeover by the state of TN and an SEC trading halt). I currently am limiting myself only to charts that have been suggested by members who I know understand AND APPLY CANSLIM rules and criteria, or to those members who at least trouble themselves to open a copy of IBD and include some of the basic nrs. I don't mind trying to help others learn CANSLIM to the degree that I can, but I will not even consider a file list that someone has downloaded somewheres without applying CANSLIM criteria, and then doing some homework on his own. Sorry, but I just don't have time to waste, and I am skipping too many of my one-a-day meals on this computer. I like trying to keep the group abreast of the economic side of the marketplace, and will try to continue that, even with the minimum feedback I have been receiving (haven't gotten flamed for it so suppose at least some are lurking and reading). Besides with the rules which I must operate under (which I wrote myself as Compliance) am severely restricted in making recommendations on specific stocks, but I prefer to only see stocks mentioned here that are legitimate CANSLIM candidates, even if they are not perfect. I have many sites where I can go to see penny stocks, severely undervalued (bottom fishing) stocks, stocks below book value, etc. I am spending a lot of my time here because this is a CANSLIM site, and a damn good one at that. That's our specialty, let's try and keep it that way. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. - ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Owentime's List Of Stocks > Date: Wednesday, May 07, 1997 9:51 AM > > Why would you give us such a list of stocks? I always pull up stocks > mentioned on this forum and for the most part I can see the reasoning > behind most issues. I am paying $.39 to pull up a stock I have not heard of > and do NOT mind doing that at all, usually. You gave us a list of 50 > most know, do have "some" CANSLIM relevance but my very favorites are from > LL to UR. Do you want to be known as "The Bottom Fisherman"? I found less > than 10% of the graphs to even "remotely" have an uptrend. I did find a lot ------------------------------ End of canslim Digest V1 #168 ***************************** 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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