From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #249 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Wednesday, July 16 1997 Volume 01 : Number 249 In this issue: Re: [CANSLIM] Pitbull Re: [CANSLIM] Pitbull Re: [CANSLIM] Pitbull [CANSLIM] CLECs [CANSLIM] Intros Re: [CANSLIM] Intros Re: [CANSLIM] Intros Re: [CANSLIM] BD article about RS in Thurs 7/10's IBD [CANSLIM] Group RS and Group EPS Re: [CANSLIM] BD article about RS in Thurs 7/10's IBD [CANSLIM] Timeliness [CANSLIM] MCRL/ cup w/handle [CANSLIM] Some candidates for purchases for this week. [CANSLIM] Forgot to Bookmark site Re: [CANSLIM] BD article about RS in Thurs 7/10's IBD Re: [CANSLIM] Pitbull - No more six month money back [CANSLIM] A couple of stocks [CANSLIM] AFCX (AFC Cable Systems) is it ready ? Re: [CANSLIM] AFCX (AFC Cable Systems) is it ready ? [CANSLIM] Economic Calendar Week of July 14, 1997 [CANSLIM] To canslim-digest subscribers... [CANSLIM] Changing your canslim subscription Re: [CANSLIM] AFCX (AFC Cable Systems) is it ready ? Re: [CANSLIM] AFCX (AFC Cable Systems) is it ready ? [CANSLIM] New Website [CANSLIM] Earnings today, 7/15/97 Re: [CANSLIM] Earnings today, 7/15/97 [CANSLIM] Some stocks I found Re: [CANSLIM] Earnings today, 7/15/97 [CANSLIM] KEG [CANSLIM] Re: Forgot to bookmark. [CANSLIM] Fw: Some stocks I found Re: [CANSLIM] TSK (was B.O. CHRZ) [CANSLIM] Sending large files to the canslim group 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: Sat, 12 Jul 1997 11:35:56 -0700 From: Sam Funchess Subject: Re: [CANSLIM] Pitbull M.Rao wrote: > Can somebody kindly tell, the new comers to the site, what is Pitbull > & > IMHO ? IMHO in my honest opinionPitbull is a company who uses some fundamentals of canslim and some other fundamentals to locate perspective stocks. Sam coach@spyder.net ------------------------------ Date: Sat, 12 Jul 1997 12:00:05 -0500 (CDT) From: Anthony Ku Subject: Re: [CANSLIM] Pitbull On Sat, 12 Jul 1997, Tim Fisher wrote: > Never say always (or never - whoops!). For a stock that violates all > principles of P/E theory, check out Manugistics. I thought I would be nuts > to buy it at a P/E of 150, but it's run up to over 200 (may be back into the > 180s by now). And how many stocks fit that criteria? They haven't had a earning warning yet, when they do, watch out! Sooner or later their earnings will not meet expectation and with a high PE stock, it usually mean a harsh correction. > >And no, you can set your stops at 7% underneath, etc. That's fine... but > >you'll get stopped out a lot with stocks on the nasdaq listings (around > >$20) since they can vary more than 7% easily. And you can basically get > >whipsawed witha stop that WON recommends, which is basically 7%. The only > >stocks that works with a tight stop like taht (unless you daytrade, which > >I do, a tight stop for positional trading just doesn't work) are stocks > >over $60 in value. > > > But no one uses a stop of 7%, right? It's more like 15% these days. > Remember the book was written in the dark ages, you have to update his > techniques for modern times. > That's what I mean! Pitbull uses something like that.. not a 15% it depends on the price of the stock ($2 for $5-$10 stocks, $2.5 for $10 to $20, $3 for $20 to $30, $4 for $30-40, etc.) PLUS a relative STRENGTH stop loss point. The book is written for NYSE stocks over the price of $70. Sure, I use 7% for those stocks all the time and it works, but as far as the "fast growing" issues of less than $30 stocks on the NASDAQ market, 7% will get you whipsawed easily. Anyone uses a filtering process such as buying stocks not yet doubled in the last 52 week? If you use something like that, chances are you will find stocks with long term base where the current price is the all time high (meaning it breaks through it) and that usually = $$$$$$$$$. :) Tony ------------------------------ Date: Sat, 12 Jul 1997 13:47:25 -0500 From: "Gess Shankar" Subject: Re: [CANSLIM] Pitbull On 11 Jul 97 at 21:25, M.Rao wrote: > Can somebody kindly tell, the new comers to the site, what is > Pitbull & IMHO ? These words are new to some of us. How would one IMHO = In My Honest Opion or the more popular - In My Humble Opinion which has the extension of: IMNSHO for Not So Humble Opinion. :-) A useful reference for such things is: http://www.realtime.no/~hoie/net.htm > subscribe to them, what are their URL (Uniform Resource Locator) For > some time, I was thinking, if there exists a service, that > recommends Stocks, based on the Principles of CANSLIM. If so, what > are those ? Thanks Rao Pitbull ads regularly appear in IBD, TASC and probably other magazines. Search DejaNews under Pitbull for some interesting postings/threads about the Pitbull system. (Both positive and negative). Silicon Investor also has some threads. URL for pitbill is: http://www.pitbull.com/ :-) Let me take this opportunity to introduce myself - yet another lurker for a few weeks. After reading O'Neil's book, I got interested in investing in individual stocks and redeemed some funds from mutual funds and opened an account with Datek - currently fully in cash, as I have not had the nerve to buy anything yet, being in the learning phase still. Although the daily promotion in usenet was a definite turn-off, I finally succumbed and subscribed. It has been quite educational. My thanks to all the regular contributors. Gess ------------------------------ Date: Sat, 12 Jul 1997 14:27:36 -0500 (CDT) From: dcameron@harper.cc.il.us (Dave Cameron) Subject: [CANSLIM] CLECs OK, I admit, I'm catching up on my mail. 2 days ago Louis Ventura posted the following: >don't think it can breakout with these negative earnings. I may be about 1 >1/2 years premature, but I think these CLECs (especially TCGI) will have >exponential growth. The local service industry is about $100 billion and >rapidly growing (thanks to us Internet advocates). I'm curious about this. I work in the telecommunications industry as of 6 weeks ago. In fact, Louis, I probably work for your local RBOC (Regional Bell Operating Company) given that I remember where you live... Anyway, I'm trying to learn more about the industry. I'll be the first to admit I don't understand the '96 telecom act. For that matter, I'm sure a lot of people don't (witness SBC's current suit). Regardless, telecom seems like a challenging but potentially profitable place to invest. Most of the CLECs are up but I'm not sure about earnings yet. Note that MCI tanked recently due to their problems breaking into the local market in the U.S. Could the CLECs go the same route? Is it better to chase the RBOCs? What about T (AT&T)? I'm not sure that even the smart money knows how this'll shake out. Anyway, kind of a rambling message - but wondering if Louis (or anyone) has any further thoughts on this. Later, Dave Cameron dcameron@harper.cc.il.us ------------------------------ Date: Sat, 12 Jul 1997 15:32:46 -0500 (CDT) From: dcameron@harper.cc.il.us (Dave Cameron) Subject: [CANSLIM] Intros Just a request of all the new members of this group (over the last 2 weeks). Please check out and add your intro to www.shango.com/canslim Thanks, Dave Cameron dcameron@harper.cc.il.us ------------------------------ Date: Sat, 12 Jul 1997 16:21:34 -0500 From: jdong@theonramp.net (Jian Dong) Subject: Re: [CANSLIM] Intros At 03:32 PM 7/12/97 -0500, Dave Cameron wrote: >Just a request of all the new members of this group (over >the last 2 weeks). Please check out and add your intro to >www.shango.com/canslim ^^^ This should be "net" instead of "com". > >Thanks, > >Dave Cameron >dcameron@harper.cc.il.us > > ------------------------------ Date: Sat, 12 Jul 1997 16:21:34 -0500 From: jdong@theonramp.net (Jian Dong) Subject: Re: [CANSLIM] Intros At 03:32 PM 7/12/97 -0500, Dave Cameron wrote: >Just a request of all the new members of this group (over >the last 2 weeks). Please check out and add your intro to >www.shango.com/canslim ^^^ This should be "net" instead of "com". > >Thanks, > >Dave Cameron >dcameron@harper.cc.il.us > > ------------------------------ Date: Sat, 12 Jul 1997 23:04:39 +0100 From: Joan Sherman Subject: Re: [CANSLIM] BD article about RS in Thurs 7/10's IBD Johan, to quote from the article: Here are some important guidelines for investing in high-RS stocks: Try to enter on a breakout from a base Seek an entry on a pullback Stick to higher-prices stocks Look for improving fundamentals Have an exit plan Don't chase an extended stock "Creme de la Creme" Stock EPS RS ACTM 99 99 APEX 99 99 DELL 99 99 JPMX 99 99 MANU 98 99 ORBKF 97 99 KEA 97 99 JBIL 95 99 BMII 94 99 CGX 94 99 UTI 94 99 MWL 93 99 RFMI 92 99 PLXS 91 99 Please don't beg. Good luck with these "Winners" Joan Sherman, /\~~~/\ Babe and /\~/\ /\~/\ and > < Lucky, ^ ^ ^ ^ Courtney and > * * < our Clapton, a Tabby Samoyeds and a Maine Coon Help support animal rescue ------------------------------ Date: Sat, 12 Jul 1997 22:51:25 -0800 From: "JOHN R. ALLEN" Subject: [CANSLIM] Group RS and Group EPS Tim, when you refer to "group RS" or "group EPS" rank are you referring to the numbers given for each stock in IBD or is this something else? ------------------------------ Date: Sun, 13 Jul 1997 16:00:52 -0400 From: "Surindra J. Singh" Subject: Re: [CANSLIM] BD article about RS in Thurs 7/10's IBD This is a multi-part message in MIME format. - ------=_NextPart_000_01BC8FA5.F08BC980 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Log on to this for the story. You may have to register, which is free = anyway. http://www.investors.com/stories/IF/1997/Jul/10/90.ht Surindra From: Johan Van Houtven To: canslim@mail.xmission.com Date: Friday, July 11, 1997 10:27 AM Subject: [CANSLIM] BD article about RS in Thurs 7/10's IBD Could someone please summerasize the IBD article about RS in Thurs = 7/10's IBD for those, like me, that can not get IBD? Pleeze (on both knees B^)? Phil wrote: >Not that I don't agree with you, in general, with the above, but have = you >read the investor's corner in Thurs 7/10's IBD. It was all about why RS = - - 99 >can be very good, and when to buy and not to buy, based on other = technicals >and fundamentals. A nice quick article, to the point. > >Phil - --- Johan Van Houtven - ------=_NextPart_000_01BC8FA5.F08BC980 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

 

 

Log on to this for the story. You may have to register, which is free = anyway.

http://www= .investors.com/stories/IF/1997/Jul/10/90.ht

Surindra


From: Johan Van Houtven <Johan.VanHoutven@ping.be>
To: canslim@mail.xmission.com
Date: Friday, July 11, 1997 10:27 AM
Subject: [CANSLIM] BD article about RS in Thurs 7/10's IBD

Could someone please summerasize the IBD = article about=20 RS in Thurs 7/10's
IBD for those, like me, that can not get IBD? Pleeze (on both knees = B^)?

Phil wrote:
>Not that I don't agree with you, in general, with the above, but = have=20 you
>read the investor's corner in Thurs 7/10's IBD. It was all about why = RS -=20 99
>can be very good, and when to buy and not to buy, based on other=20 technicals
>and fundamentals. A nice quick article, to the point.
>
>Phil




- --- Johan Van Houtven


 - ------=_NextPart_000_01BC8FA5.F08BC980-- ------------------------------ Date: Sun, 13 Jul 1997 22:24:20 +0200 From: Johan Van Houtven Subject: [CANSLIM] Timeliness What exactly is timeliness? And how important is it? The reason why I ask this is because I currently own a stock that is dropping in timeliness this week from B to C. The stock is APSG. When I look at the chart I see nothing 'wrong' with it. But the drop in timeliness bothers me? Question is: should it? Here is the defention of timeliness from the DG site: "TIMELINESS RATING-Proprietary rating system based upon recent earnings changes and price performance indicating possible or potential relative price performance over the next 12 months. General market factors are not considered in the stock rating system. Ratings presented are updated weekly, A (highest) and E (lowest). While stocks with rating of A and B may outperform stocks with rating of C and D in up markets, higher rated stocks can be more volatile and may involve added risk. Price stability may be improved by giving preference to stocks with lower betas (See 23D); no debt or low debt (See 17A); larger capitalization (common shares outstanding) with more established markets; and extended in price no more than 5% to 10% above a recent consolidation or basing area of 8 or more weeks duration. " Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------ Date: Sat, 12 Jul 1997 23:39:41 -0800 From: "JOHN R. ALLEN" Subject: [CANSLIM] MCRL/ cup w/handle Dave Isbell, re MCRL and cup with handle, IMO the stocks canslim numbers are quite good and it looks like the cup is there but with only a little tiny handle. It is breaking into new high ground without much consolidation to form a handle. ------------------------------ Date: Sun, 13 Jul 1997 18:43:44 -0500 (CDT) From: Anthony Ku Subject: [CANSLIM] Some candidates for purchases for this week. Check out NMTX EPS 99 RS 91 (low price issue), KDN EPS 84 RS 75, and BWA EPS 91 RS 83. NMTX: broke 2 1/2 year cup... narrow trading range, low priced. KDN: One year CUP and HANDLE break out BWA: Continuation ... steady climber ------------------------------ Date: Sat, 12 Jul 1997 21:19:49 -0400 From: Richard Karst Subject: [CANSLIM] Forgot to Bookmark site > Vince Go to this site http://www.tipworld.com/ you can subscribe (for free) to daily email messages that give you tips on Netscape, Explorer, Win 95 etc. etc. I think it's great ! Takes a couple of seconds each day and beats reading a manual. :-) Enjoy ! Richard > > > ------------------------------ > > Date: Fri, 11 Jul 1997 16:46:15 -0700 > From: vman2 > Subject: Re: [CANSLIM] Forgot to Bookmark site > > Richard Karst wrote: > > > > Vince > > > > Vince if your using Netscape try this to find the site you forgot to > > > bookmark, type "about:globalhistory" in the URL line of your browser > and > > press enter, it will show you your surfing history or do a "CTRL H" > > (CTRL H works in Navigator 4, don't know about older versions. > > A couple of "tricks" to help the Alzheimer's.... !!!! > > > > Richard > > > > Date: Wed, 09 Jul 1997 15:49:43 -0700 > > From: vman2 > > Subject: [CANSLIM] any canslim sites? > > > > Hi, does anyone know of a website that'll let you pick stocks using > your > > > > own parameters from canslim? I stumbled onto one yesterday, but I > > forgot to bookmark it. > > > > Vince > > Richard, > > Thanks, for the info, I'm still trying to find it. I've got over 7000 > > things in there and I'll get to it asap. I know there is one out > there, > free too! So if and when I find it, I'll post it up here. Take care. > > One last thing, how did you find out about those little netscape > tricks? > > Vince > ------------------------------ Date: Sun, 13 Jul 1997 21:57:35 -0400 From: Craig Griffin Subject: Re: [CANSLIM] BD article about RS in Thurs 7/10's IBD At 04:00 PM 7/13/97 -0400, you wrote: > >Log on to this for the story. You may have to register, which is free anyway. >http://www.investors.com/stories/IF/1997/Jul/10/90.ht One small change to the address, it should be http://www.investors.com/stories/IF/1997/Jul/10/90.html Regards, Craig ------------------------------ Date: Mon, 14 Jul 1997 10:02:26 -0500 From: jdong@theonramp.net (Jian Dong) Subject: Re: [CANSLIM] Pitbull - No more six month money back Just received a e-mail of Pitbull info-pak this weekend. The six month money back guaranty was gone. At 11:48 PM 7/9/97 -0500, you wrote: > >Anyone here uses Pitbull investor? It's a CANSLIM based system and it >seems to work very well.... > >The thing i like about it is besides CANSLIM, it uses RELATIVE STRENGTH >stop loss levels, as well as making sure the stock has not doubleed this >year so that you buy only the stocks that has the most potential for >upturn. ANyway, if anyone used it for more than a year, please let me >know about the performance. So far, it is excellent for me.... about 20% >return every 2-3 months. > > >Anthony Ku > > > > > ------------------------------ Date: Mon, 14 Jul 1997 10:19:17 -0400 From: albertyjl Subject: [CANSLIM] A couple of stocks Keg Key Energy Group It's volume is already 2/3 rd's normal volume. It was just picked up on brokers list. They graded it a buy. The numbers still look good. Debt is a little high but it's for buying patrick well. RFMI RFM Incorp. Great numbers and is half way to its daily average in thirty minutes. Very well could be leaveing its two week base. Just some thoughts Sam coach@spyder.net ------------------------------ Date: Mon, 14 Jul 1997 21:58:06 -0400 From: "Charles F. Corbit III" Subject: [CANSLIM] AFCX (AFC Cable Systems) is it ready ? Here is one that looks like it might be ready to go. I have seen it mentioned before on the group and looks like it might be breaking, my only concern is volume. Any opinions would be appreciated; AFCX (AFC Cable Systems) vitals - --------------------------------------------- EPS Rank 98 RS Rank 86 Acc/Dist B Grp Str 91 Timeliness A Avg Vol 49,800 Grwth Rt. 43 % Funds 33% Mgmt 34% Debt 5% PE 15 Float 4.3 Million Next EPS 7/18 1997 EPS 1.85 est +20% 1998 EPS 2.10 est +14% 7/14 Today's Action - -------------------------------- Price 28.50 Up 1.25 Vol 66,000 +32% Chart Pattern looks like a cup and handle to me ? TA opinion, MACD just touching the trigger, Stochs rising at 60, Directional movement looks like it is at a pivot point. Thanks for the feedback, Charlie ------------------------------ Date: Mon, 14 Jul 1997 23:12:00 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] AFCX (AFC Cable Systems) is it ready ? In a message dated 97-07-14 23:01:30 EDT, you write: << Here is one that looks like it might be ready to go. I have seen it mentioned before on the group and looks like it might be breaking, my only concern is volume. Any opinions would be appreciated; >> This one showed up on my scans tonite as well and you're right--volume was pretty pitiful. And the previous volume was not typical of a cup. Be that as it may, I'd like to see this hold above 28 for a couple of days. The "unchanged" spike a few days ago was interesting. - ----Db ------------------------------ Date: Mon, 14 Jul 1997 23:02:34 -0400 From: "Tom Worley" Subject: [CANSLIM] Economic Calendar Week of July 14, 1997 MONDAY no reports TUESDAY Retail Sales, month of June, expected flat (up 0.5% less autos), last (May) down 0.1%, the "ex auto" weakness is being blamed on the strong housing mkt, however if auto sales picks up could be an early warning signal since not normal for new home buyers to also buy another car. WEDNESDAY Consumer Prices (CPI), June, expected up 0.1%, core up 0.2%, last was up 0.1% overall Industrial Production, June, up 0.3%, last was up 0.4%, capacity utilization is expected to be unchanged at 83.7% Business Inventories, May, expected is up 0.3%, last was also up 0.3%, old news THURSDAY Housing Starts, June, expected 1.45 mil, last was 1.40 mil, low interest rates, job creation, income growth, low inflation, and tight inventory all expected to have contributed. Initial Jobless Claims, week to July 12, expected 340K, last was 377K Money Supply (M2), weel to July 7, expected up $5.0 bil, last was up $4.5 bil FRIDAY Trade Balance, May, expected down $9bil, last was down $8.4 bil The Atlanta Fed Region released its nrs today as well, and was stronger than I would have liked. Employment remains strong and up sharply, Prices Paid was down but expectation is for this to increase, Prices Received up and expected to go higher, Production also up sharply altho New Orders down a little. Work week showed the first decline in six months. On Earnings, so far we have gotten thru the most critical part of the "pre-announcement" season virtually unscathed. Earnings reports coming in so far are strong, with considerably more cos reporting pos surprises than in line or neg. Right now there is a lot of confidence being placed in the tech groups, one landmine and that apple cart could be upset rather easily, but so far no evidence that that is likely. 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. Hopefully my comments will better inform and educate all investors. tom w ------------------------------ Date: Mon, 14 Jul 1997 21:47:36 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] To canslim-digest subscribers... CANSLIM Digest subscribers, Most of you are subscribed to the digest version of canslim by your own choice. However, some of you subscribed to the non-digest version but suddenly found yourself switched to the digest. If this unexplained switch happened to you, then read on. You were switched because your email address was not accepting the canslim posts, and they were bouncing back to me (the list administrator). To reduce the frequency of the bounced messages in my mailbox but still keep you as part of our canslim discussion, I unsubscribed you from the canslim list and subscribed you to the canslim-digest list. If you want to switch yourself back, send email to: majordomo@xmission.com In the body of the email, write: unsubscribe canslim-digest subscribe canslim If you want help for these and other majordomo commands, you can type "help" in the body of your email. Best Regards, Jeff Salisbury - canslim list admin/owner ------------------------------ Date: Tue, 15 Jul 1997 08:00:05 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription This is a monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your configuration, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner ------------------------------ Date: Tue, 15 Jul 1997 10:18:25 -0400 (EDT) From: Ppn3725@aol.com Subject: Re: [CANSLIM] AFCX (AFC Cable Systems) is it ready ? Chart has low volume would want to see that pick up. Looks like growth is deaccelerating which is reflected in PE ratio and price. Still, could be worth a shot with a tight stop. Peter Newell ------------------------------ Date: Tue, 15 Jul 1997 07:56:42 -0800 From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] AFCX (AFC Cable Systems) is it ready ? > From: Dbphoenix@aol.com > This one showed up on my scans tonite as well and you're right--volume was > pretty pitiful. And the previous volume was not typical of a cup. Be that > as it may, I'd like to see this hold above 28 for a couple of days. The > "unchanged" spike a few days ago was interesting. I noticed the large volume spike with little price change myself and was wondering what that sort of thing means. Maybe Tom knows. Figure it is something like a single large block of shares being traded, maybe some sort of deal at a prearranged price?? Otherwise, I mentioned this one on this list 3 or 4 weeks ago, looks like a breakout from a handle to me, although you guys are correct, volume a bit low - 35% above average yesterday. ------------------------------ Date: Tue, 15 Jul 1997 16:31:42 -0700 From: Steve Subject: [CANSLIM] New Website Hoover's Inc has put a new website up that screens 7,800 stocks for 20 criteria. Offers ressearch capabilities too. IT'S FREE! www.stockscreener.com Steve ------------------------------ Date: Tue, 15 Jul 1997 22:36:38 -0400 From: "Tom Worley" Subject: [CANSLIM] Earnings today, 7/15/97 Well, probably everyone by now knows TXN blew away the estimates. After the close ASND and INTC both reported. ASND missed estimates by two cents, but little reaction in after mkt trading. INTC beat estimates by two cents and was up over three dollars in after mkt trading. Retail sales reports this morning were stronger than expected, but mostly in auto sales (remember my comment about both car and housing reports being too stong). One housing report was due out late tomorrow, but delayed for technical reasons. Housing starts comes out on Thursday. Tomorrow we have the CPI and Industrial Production, among other reports. Thus far, I see no evidence of sig neg surprises likely. Latest indication on New Jobless Claims is for it to have dropped by 27K. Am still holding to my earlier position that the Feds will do nothing in the Aug meeting. The mkt seems more accomodating than usual to larger cos that beat year ago earnings but miss latest earnings estimates. On the other hand, smaller cos that have bad forecasts or reports are being absolutely tanked. This is still very much a big cap mkt, despite the performance by Russell 2000. 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. Hopefully my comments will better inform and educate all investors. tom w ------------------------------ Date: Tue, 15 Jul 1997 22:10:09 -0500 (CDT) From: dcameron@harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Earnings today, 7/15/97 Tom, Thanks as usual for the commentary. I'm curious what you think this means for the long bond? I am surprised that the major indices haven't hit a basing period. So far, I remain fully invested until RS for the indices turns down, or negative news comes out (may go hand in hand). The NASDAQ must be up 25% in the last 3 mos. Because of the fast move, I am only about 2-3% on margin - ready to pull out if need be. Anyway, I think the direction of the 30-yr bond (and to a lesser extent the 10-year bond) will be a major factor in determining further market gains... But I have no clue as to what will happen to it. Later, Dave Cameron dcameron@harper.cc.il.us ------------------------------ Date: Tue, 15 Jul 1997 23:06:58 -0400 From: "Tom Worley" Subject: [CANSLIM] Some stocks I found Boy, sure is quiet around here, did everyone go on vacation, or just in shock at the mkt action? Anyway, found a few stocks to mention. All have good CS nrs, and too tired to repeat them here so you will just have to look them up for yourselves, but I think you will find them acceptable. In the Steel Producers group (and getting some benefit from the strong activity in the oil drilling group) are NS and LSS. Both show a nicely trending up chart. EPS isn't as strong as I would like, but Q2 reports are expected to be very good for the group, and continue strong into Q3 at least. MSZ (Mastec, hq'd here in Miami, hate the founder, but co doing well anyway). Solid CS nrs, broke out recently, doing a consolidation now but still within 10% of the latest base (a short one). APR (American Precision) already broke out but still within 10%, and may pull back some. Small float, thinly traded on NYSE. 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. Hopefully my comments will better inform and educate all investors. tom w ------------------------------ Date: Tue, 15 Jul 1997 23:27:08 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Earnings today, 7/15/97 OK, you set up the soap box, I'll climb on it. Thanks to the low interest rates, as well as all the capital gains realized, and the low inflation, the Fed deficit is running well under expectation. Right now the bond mkt is expecting not only no action by the Feds, but also a further cut in the projected deficit. And I think that will happen. The bond mkt is already discounting for stable rates, and is helped somewhat by a slowing strengthening dollar and a continuing crash in the precious metals. The weak mark is also helping the bond mkt, altho comments by the German finance minister today may diminish that for the short term. The Japanese have expressed concern that the trade imbalance with the USA not get out of hand to the point of ticking off the Americans. Right now, the long bond is threatening to go under 6.5%. I think we could see this rate dip to the 6.25% rate, or even possibly lower, before year's end. This will certainly help the housing mkt, but also inpacts all interest rates, including on the nat'l debt. So long as rates don't run much over 6.85%, the bond mkt will have a neutral to positive effect on the stock mkt. Of course, the trade off is that with lower interest rates, people have more spendable income, which could spark a resurgence in retail sales, which could turn this all around. My best guess is that the economy could continue as is for at least another year or so, and the bond mkt could continue to react downward to factors like a balanced budget, low inflation, etc. If so, would not be surprised to see the long bond eventually testing 5.5% to the downside (aren't I glad I held onto my adjustable mortgage, linked to the 11th District) instead of refinancing into a fixed rate??). I remember my parents, who were 40 years older than me, talking about having a mortgage at 4%, never thought we had a chance to see those days again. So far, productivity and GDP growth overall is surpassing any inflationary gains. Jobless claims suggests that the tight employment mkt has loosened a little. And the longer we go with low unemployment hand in hand with low inflation, the more this linkage will be questioned, and lose impact. The past two years have demonstrated that we can have high employment without commensurate high inflation. Greenspan's my hero! Hurrah, Hurrah, Hurrah!!!! 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. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Dave Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Earnings today, 7/15/97 > Date: Tuesday, July 15, 1997 11:10 PM > > Tom, > > Thanks as usual for the commentary. I'm curious what you think > this means for the long bond? > > I am surprised that the major indices haven't hit a basing > period. So far, I remain fully invested until RS for the > indices turns down, or negative news comes out (may go hand > in hand). The NASDAQ must be up 25% in the last 3 mos. > Because of the fast move, I am only about 2-3% on margin - > ready to pull out if need be. > > Anyway, I think the direction of the 30-yr bond (and to > a lesser extent the 10-year bond) will be a major factor > in determining further market gains... But I have no clue > as to what will happen to it. > > Later, > > Dave Cameron > dcameron@harper.cc.il.us ------------------------------ Date: Tue, 15 Jul 1997 23:58:15 -0700 From: Sam Funchess Subject: [CANSLIM] KEG Key energy Group was talked about in today's IBD. I mentioned it a couple of days ago but no one seemed to respond to it. The numbers look good and has not left it's base. Its on the AMEX exchange which I am not crazy about but I went ahead and picked it up. Sam coach@spyder.net ------------------------------ Date: Tue, 15 Jul 1997 22:25:27 -0700 From: vman2 Subject: [CANSLIM] Re: Forgot to bookmark. Hi everyone, I couldn't find that site that I was talking about, but I did find one that was pretty good, it's at http://www.tscn.com/wsc/ProSearch.html. It is kinda cumbersome though. Good luck everyone, now go make some $$$. Vince ------------------------------ Date: Wed, 16 Jul 1997 07:17:52 -0400 From: "Tom Worley" Subject: [CANSLIM] Fw: Some stocks I found Guess majordomo is trying to tell me something, let my opinionated comments on the bond mkt go thru, but not my picks. Probably a message in there somewhere, but I'm stubborn so will resend. 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. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Tom Worley > To: CANSLIM > Subject: Some stocks I found > Date: Tuesday, July 15, 1997 11:06 PM > > Boy, sure is quiet around here, did everyone go on vacation, or > just in shock at the mkt action? > > Anyway, found a few stocks to mention. All have good CS nrs, and > too tired to repeat them here so you will just have to look them up > for yourselves, but I think you will find them acceptable. > > In the Steel Producers group (and getting some benefit from the > strong activity in the oil drilling group) are NS and LSS. Both > show a nicely trending up chart. EPS isn't as strong as I would > like, but Q2 reports are expected to be very good for the group, > and continue strong into Q3 at least. > > MSZ (Mastec, hq'd here in Miami, hate the founder, but co doing > well anyway). Solid CS nrs, broke out recently, doing a > consolidation now but still within 10% of the latest base (a short > one). > > APR (American Precision) already broke out but still within 10%, > and may pull back some. Small float, thinly traded on NYSE. > > 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. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------ Date: Wed, 16 Jul 1997 19:37:13 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] TSK (was B.O. CHRZ) ** Reply to note from "Tom Worley" Fri, 11 Jul 1997 08:23:51 -0400 > Generally looks good to continue holding. What I disliked was the > recent sloppy pattern compared to its historic smoothness, That is what was worrying me. Yesterday was certainly a good day though. See below. Revenues picked up a bit with this report. SYMBOL CLOSE CHANGE HIGH LOW VOLUME %CHNG - ------------------------------------------------------------ TSK 42 1/2 +4 7/16 42 1/2 39 2483 +11.7% * COMPUTER TASK GRP reported 2Q EPS of $0.25 vs $0.15 on revenues of $100.1 mln vs $91.3 mln last year. Analysts' mean estimates were $0.23, according to First Call. (Reuters 06:16 PM ET 07/14/97) For the full text story, see http://www.merc.com/stories/cgi/story.cgi?id=3932068-289 Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Agnodyslexic plea: "why ME, dog?" ------------------------------ Date: Wed, 16 Jul 1997 08:00:05 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Everyone, >From time to time, you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". See ftp instructions below. 2. Send mail to me directly at "jeff.salisbury@sdl.usu.edu" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the canslim directory where people will be able to download your file. 3. After I notify you that the file has been moved to the canslim directory, you should send an email to the canslim group describing your file, and its URL (i.e. ftp://chaos.csd.sdl.usu.edu/pub/canslim/GreatBoom.gif). Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury =========================================================================== FTP Instructions: 1. Using Netscape, go to the URL: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. ------------------------------ End of canslim Digest V1 #249 ***************************** 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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