From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #254 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Monday, July 28 1997 Volume 01 : Number 254 In this issue: [CANSLIM] Names along with symbols is helpful Re: HDCO comments (was [CANSLIM] List traffic). [CANSLIM] Intro: Mr. Brown Re: [CANSLIM] Intro: Mr. Brown Re: HDCO comments (was [CANSLIM] List traffic). Re: [CANSLIM] Intro: Mr. Brown Re: [CANSLIM] Intro: Mr. Brown Re: [CANSLIM] HTMMIS etc. (was Intro: Mr. Brown) Re: HDCO comments (was [CANSLIM] List traffic). [CANSLIM] Re: AZZ Re: HDCO comments (was [CANSLIM] List traffic). [CANSLIM] charting [CANSLIM] Re: Source for trading books (was: HDCO comments) Re: [CANSLIM] Re: Source for trading books [CANSLIM] Re: Charting the Stock Market Re: [CANSLIM] Re: Source for trading books (was: HDCO comments) Re: [CANSLIM] Re: Charting the Stock Market [CANSLIM] Video Re: [CANSLIM] Intro: Mr. Brown [CANSLIM] Stocks i ran accross on Sunday Re: [CANSLIM] Video Re: [CANSLIM] charting [CANSLIM] AZZ [CANSLIM] canslim archive files [CANSLIM] Some screening result. [CANSLIM] Watching PWAV: Opinions? Re: [CANSLIM] Watching PWAV: Opinions? Re: [CANSLIM] Watching PWAV: Opinions? Re: [CANSLIM] HTMMIS etc. (was Intro: Mr. Brown) Re: [CANSLIM] Video 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, 26 Jul 1997 23:05:09 -0600 (MDT) From: cando@highfiber.com Subject: [CANSLIM] Names along with symbols is helpful Hi fellow CAN SLIMers: I appreciate the info and other eyes and ears we have in this group. Something that would be helpful and save a couple of extra steps for me at least, would be to list the company name along with the symbol when passing on information. Sometimes I can't find it right away or have to go online to get the name for the symbol and it takes extra time. Thanks. James Coburn Albuquerque, NM ------------------------------ Date: Sun, 27 Jul 1997 00:54:09 -0500 From: "Richard Estes" Subject: Re: HDCO comments (was [CANSLIM] List traffic). This is a multi-part message in MIME format. - ------=_NextPart_000_0000_01BC9A27.978662A0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable I agree the list requirements are restrictive, but I suppose that the = host server set them and not Jeff or Tom, Whoever this list was set up = for. HDCO is moving into a corrective 4 wave headed towards 56.25 but it = may have some legs to carry it higher. It might break a 100 if market = holds. But a good move to sell and buy back at later date. On volume why not put a 180 day avg. on your stocks, see if high volume = =3D 2.50 x MA is a sell and your buys should be volume less than .3 x MA = . A look at volume closely says to me, sell high vol., buy low. The real answer to a buy or sell is "who knows?", but we all guess. My = guess on AZZ is a move to 15.25 before getting back to up trend. Of = course AZZ has more profit potential because of its price range. Both = are good Canslim stocks.=20 - -----Original Message----- From: cando@highfiber.com To: canslim@mail.xmission.com Date: Saturday, July 26, 1997 11:29 PM Subject: HDCO comments (was [CANSLIM] List traffic). >Anyway, I have a question for the group (maybe I'll even >get a response or two). I bought HDCO 6-8 weeks ago. I >realize now that it was overextended going up to 75 - but >hey, so were many stocks. Anyway, following CANSLIM, I >probably should have sold on Friday (maybe even earlier) >as it started to retrace. The odd thing about HDCO, though, >is that its rise (from 65 to 75) was on low volume. As such, >its drop is not surprising. I set myself a stop at 65. >However, given the recent action, I'm thinking it might be >better to get out now. Yet I'm up for advice (which I >can take or disregard, so don't feel responsible). The last >couple times I sold when a stock was retracing - I sold at >a relative low. The stock turned around and picked up >steam. HDCO's volume on Friday looks like it might do >this. Anyone else want to venture a read on the chart? > >Enjoy, > >Dave Cameron Hi Dave! I'll share my thoughts with you re HDCO/Hadco Corp (as a (former) HDCO shareholder for 5 wks). I noticed it back in May, felt it had the basic CAN SLIM characteristics (nothing outstanding but solid), very good = group strength/action and it looked like it had the potential to form a cup = and handle. I put in a buy stop order at 58 3/8 for it about 7-10 days into the possible handle formation (5/19) and boought it at 58.5 on 5/21. I watched it through June and although it went up, it only had one really = big volume day (6/5, up 500-600%). At the Advanced Investment Workshop I = went to in LA it was stated that "volume is the single most important = indicator" (close paraphrase). With that on my mind, I didn't really feel that it = was acting right so I sold out at 63 early in July. As you noted it has = gone up (and back down) but the volume hasn't been there where it should have been, in my estimation-so I feel it's somewhat suspect. Just to check myself on situations like this I print out a follow up = chart 3 and 6 months after I sell just to see what indeed happened to the = stock after I sold-was I right or was there some factor that I overlooked? = Time will tell on that. I missed it going into the high 60's and low 70's but I'm never really sorry if when I sell, I still have all my capital. That's my 2 cents worth. Anybody have thoughts on AZZ (Aztec Mfg) right now? Is it basing/consolidating or topping and heading down? I think the volume on its rise has been better than HDCO and it was holding up fairly well = 5-6-7 days ago when a lot of stocks were taking hits. James Coburn Albuquerque, NM - ------=_NextPart_000_0000_01BC9A27.978662A0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

 I agree the list = requirements are=20 restrictive, but I suppose that the host server set them and not Jeff or = Tom,=20 Whoever this list was set up for. HDCO is moving into a corrective 4 = wave headed=20 towards 56.25 but it may have some legs to carry it higher. It might = break a 100=20 if market holds. But a good move to sell and buy back at later = date.

On volume why not put a = 180 day avg. on=20 your stocks, see if high volume =3D 2.50 x MA is a sell and your buys = should be=20 volume less than .3 x MA . A look at volume closely says to me, sell = high vol.,=20 buy low.

The real answer to = a buy or sell=20 is "who knows?", but we all guess.  My guess on AZZ is a = move to=20 15.25 before getting back to up trend. Of course AZZ has more profit = potential=20 because of its price range. Both are good Canslim = stocks. 

-----Original = Message-----
From:=20 cando@highfiber.com <cando@highfiber.com>
To:=20 canslim@mail.xmission.com = <canslim@mail.xmission.com>
Date:=20 Saturday, July 26, 1997 11:29 PM
Subject: HDCO comments = (was=20 [CANSLIM] List traffic).


>Anyway, I have a=20 question for the group (maybe I'll even
>get a response or=20 two).   I bought HDCO 6-8 weeks ago.  I
>realize = now that=20 it was overextended going up to 75 - but
>hey, so were many=20 stocks.   Anyway, following CANSLIM, I
>probably should = have=20 sold on Friday (maybe even earlier)
>as it started to = retrace.  =20 The odd thing about HDCO, though,
>is that its rise (from 65 to = 75) was on=20 low volume.  As such,
>its drop is not = surprising.   I set=20 myself a stop at 65.
>However, given the recent action, I'm = thinking it=20 might be
>better to get out now.   Yet  I'm up for = advice=20 (which I
>can take or disregard, so don't feel responsible).  = The=20 last
>couple times I sold when a stock was retracing - I sold = at
>a=20 relative low.   The stock turned around and picked=20 up
>steam.   HDCO's volume on Friday looks like it might = do
>this.     Anyone else want to venture a = read on=20 the chart?
>
>Enjoy,
>
>Dave = Cameron


Hi=20 Dave!

I'll share my thoughts with you re HDCO/Hadco Corp (as a = (former)=20 HDCO
shareholder for 5 wks).  I noticed it back in May, felt it = had the=20 basic
CAN SLIM characteristics (nothing outstanding but solid), very = good=20 group
strength/action and it looked like it had the potential to form = a cup=20 and
handle.  I put in a buy stop order at 58 3/8 for it about = 7-10 days=20 into
the possible handle formation (5/19) and boought it at 58.5 on=20 5/21.  I
watched it through June and although it went up, it = only had=20 one really big
volume day (6/5, up 500-600%).  At the Advanced=20 Investment Workshop I went
to in LA it was stated that "volume = is the=20 single most important indicator"
(close paraphrase).  With = that on=20 my mind, I didn't really feel that it was
acting right so I sold out = at 63=20 early in July.  As you noted it has gone
up (and back down) but = the=20 volume hasn't been there where it should have
been, in my = estimation-so I=20 feel it's somewhat suspect.

Just to check myself on situations = like this=20 I print out a follow up chart
3 and 6 months after I sell just to see = what=20 indeed happened to the stock
after I sold-was I right or was there = some=20 factor that I overlooked?  Time
will tell on that. I missed it = going=20 into the high 60's and low 70's but
I'm never really sorry if when I = sell, I=20 still have all my capital.

That's my 2 cents = worth.

Anybody have=20 thoughts on AZZ (Aztec Mfg) right now?  Is = it
basing/consolidating or=20 topping and heading down?  I think the volume on
its rise has = been=20 better than HDCO and it was holding up fairly well 5-6-7
days ago = when a lot=20 of stocks were taking hits.

James Coburn
Albuquerque,=20 NM


 - ------=_NextPart_000_0000_01BC9A27.978662A0-- ------------------------------ Date: Sun, 27 Jul 1997 06:42:41 -0500 From: "Mr. Brown" Subject: [CANSLIM] Intro: Mr. Brown Hello: Just joined the list over the weekend and read my first post Sunday morning. I will be trying the digest version because the volume is so high. I am from Missouri and have been investing 15 years. Turned 40 a few months ago. I am not very familiar with canslim but would like to learn more. Really enjoyed reading my first post. Everyone seems nice, level headed and down to earth. Hard to find people like that walking down the street. Hope I can learn a lot from the list and maybe help someone from time to time with my .02c worth. Will try to purchase the Canslim book in a week or two so I can learn to talk and understand the language a little better. PS PS ----- Have a GOOD week. Mr. Brown ------------------------------ Date: Sun, 27 Jul 1997 08:29:45 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Intro: Mr. Brown Welcome to the group, Mr. Brown. You are correct about the maturity of the members of this group. It is usually very civilized unlike much of what I encounter on the net (or in real life for that matter). I would encourage you to buy and read HTMMIS as soon as possible. The first time you read it, read it like a novel. Then, go back and read it a chapter at a time. Try not to go on to the next chapter till you feel you understand the one you just read. Feel free to make margin notes and highlight sections, at this stage you are reading it like an academic textbook. You don't mention your investing experience, but if you are not a novice you will likely find yourself periodically smacking your forehead, muttering to yourself things like "NOW I understand how i screwed that up so badly". My first time I really studied the book I got a headache from all the forehead smacking. It would help all of us to know a little about your professional background as well as your investing history. I've only visited Missouri once (St Louis) and was most impressed with how clean a city it is and how friendly the people are (and I hear it gets better in other parts of the state). Gotta do something about all the mud in the rivers, tho. 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: Mr. Brown > To: canslim@xmission.com > Subject: [CANSLIM] Intro: Mr. Brown > Date: Sunday, July 27, 1997 7:42 AM > > Hello: Just joined the list over the weekend and read my first post > Sunday morning. I will be trying the digest version because the volume is so > high. > > I am from Missouri and have been investing 15 years. Turned 40 a few > months ago. I am not very familiar with canslim but would like to learn > more. Really enjoyed reading my first post. Everyone seems nice, level > headed and down to earth. Hard to find people like that walking down the > street. > > Hope I can learn a lot from the list and maybe help someone from time to > time with my .02c worth. Will try to purchase the Canslim book in a week or > two so I can learn to talk and understand the language a little better. PS > PS ----- > > Have a GOOD week. Mr. Brown > ------------------------------ Date: Sun, 27 Jul 1997 08:30:31 -0500 From: "Jack Markowitz" Subject: Re: HDCO comments (was [CANSLIM] List traffic). At the Advanced Investment Workshop I went to in LA it was stated that "volume is the single most important indicator" (close paraphrase). The above statement got me to thinking. Watching volume has always been an important part of my stock picking and research. I have created an indicator that shows a running average of volume. That helps me see if average volume is increasing or not. Could you expound on the above statement. Why is volume so important?? What are the parameters of watching volume? When does decreasing volume make a difference? And any other information you care to add. Thanks, Jack jack@jackm.com http://www.jackm.com Jack's Picks ------------------------------ Date: Sun, 27 Jul 1997 10:15:59 -0400 From: "William E. Morrison" Subject: Re: [CANSLIM] Intro: Mr. Brown Tom Worley wrote: > snip > > I would encourage you to buy and read HTMMIS as soon as possible. snip Tom, I've been lurking for a few days, what is HTMMIS? Bill Morrison ------------------------------ Date: Sun, 27 Jul 1997 08:19:47 -0600 From: "Jay Cliburn" Subject: Re: [CANSLIM] Intro: Mr. Brown > Tom, I've been lurking for a few days, what is HTMMIS? I'm not Tom, but HTMMIS == "How To Make Money In Stocks," by William J. O'Neil. The 2nd edition is the current release. ISBN 0-07-048074-5. It is the bible for CANSLIM stock pickers. If you can't find it at your local bookstore, it should be available at amazon.com. Regards, - -- 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: Sun, 27 Jul 1997 10:20:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HTMMIS etc. (was Intro: Mr. Brown) William, you ask a good question, and I forget that we have new members all the time. Here is the answer to your question, along with info on other "pure" CANSLIM sources straight from the master guru (Wm O'Neill) himself. HTMMIS is the shorthand for Wm O'Neill's book How To Make Money In Stocks, now in the second edition, and still about five years old (really wish he would put out a third edition updated to today's mkt action and volatility, oh well). Other "original source" CANSLIM material available is O'Neill's newspaper, IBD (Investor's Business Daily), unquestionably IMHO the best paper for investors. You can get a free trial subscription for two weeks, altho delivery is sometimes poor. If you take a regular subscription, it is usually on your lawn with your local paper unless in live in rural areas or other countries. You can also take a trial subscription to O'Neill's Daily Graphs. There are two weekly books, one for NYSE stocks and a second that covers NASDAQ/AMEX. Not all stocks will be listed, ones with thin volume or low price will likely be omitted. A five week trial costs $28 plus $15 shipping and handling (according to my closest at hand pricing list). I recommend all who are considering CANSLIM to take the trial. The charts present a wealth of information, and all CS nrs are straight from the true CS originator, Mr. O'Neill. To order the trail DG, call 800-472-7479. In California, you may have to call 310-448-6843. This nr may also work for requesting the free two week subscription to IBD. Finally, O'Neill is entering the internet with Daily Graphs Online, which seem to cover all stocks regardless of price or daily avg volume. The annual cost will be about the same as the books (around $700) but without the cost of shipping and handling (saves $156/year). Right now, DG Online is in beta testing and still free for anyone willing to test it out, but is expected to go operational (start charging) any day. The software can be found at http://www.dailygraphs.com and you must register to get a user ID and password. I understand the billing is only on paper at this time, and you can put in a series of "0000s" for a credit card nr. Once they go operational, they will send an email advising that they will start charging, so you can either cancel or give a valid credit card nr if you wish to continue. Biggest complaints to date are that the software only works on MS platforms, and that there are no real screening capability available. And, just in case you are wondering, I am not compensated in any way by O'Neill or any of his pubs, I get nothing for this info other than expressing my belief in his products. 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: William E. Morrison > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Intro: Mr. Brown > Date: Sunday, July 27, 1997 10:15 AM > > Tom Worley wrote: > > > snip > > > > I would encourage you to buy and read HTMMIS as soon as possible. > snip > > Tom, I've been lurking for a few days, what is HTMMIS? > > Bill Morrison > ------------------------------ Date: Sun, 27 Jul 1997 12:22:06 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: HDCO comments (was [CANSLIM] List traffic). In a message dated 97-07-27 09:49:21 EDT, you write: << At the Advanced Investment Workshop I went to in LA it was stated that "volume is the single most important indicator" (close paraphrase). The above statement got me to thinking. Watching volume has always been an important part of my stock picking and research. I have created an indicator that shows a running average of volume. That helps me see if average volume is increasing or not. Could you expound on the above statement. Why is volume so important?? What are the parameters of watching volume? When does decreasing volume make a difference? And any other information you care to add. Thanks, Jack jack@jackm.com http://www.jackm.com Jack's Picks>> Unfortunately, there isn't enough space available on these pages to answer your questions in anything but a superficial way. Volume is the key to understanding the dynamics of supply and demand, which are all that move stocks in the first place. Trying to interpret stock moves without understanding volume is like trying to read a book whose words have no vowels. I suggest you order a book called Charting the Stock Market by the editors of Stocks and Commodities Magazine. It's the most thorough examination of volume and volume patterns I've ever seen and it's been invaluable to me. There have also been some discussions of volume in past posts. If you love going through archives, you might be able to find them, or maybe somebody saved some of them and would reprint them if there's continuing interest in the subject. I had many of them, but my computer crashed a couple of months ago and all that was lost. - ----Db ------------------------------ Date: Sun, 27 Jul 1997 12:29:33 -0400 (EDT) From: Dbphoenix@aol.com Subject: [CANSLIM] Re: AZZ In a message dated 97-07-27 00:34:14 EDT, you write: << Anybody have thoughts on AZZ (Aztec Mfg) right now? Is it basing/consolidating or topping and heading down? I think the volume on its rise has been better than HDCO and it was holding up fairly well 5-6-7 days ago when a lot of stocks were taking hits. James Coburn Albuquerque, NM >> I don't plan on selling AZZ any time in the near future. In a market like this, you may have to consider altering your selling strategies somewhat. Ordinarily I set a price target, then sell all or 1/2 my position when the stock reaches that point. But under these conditions it makes more sense to just let everything ride with a relatively tight sell-stop. This is, of course, a function of your comfort level and your portfolio management strategy, but just as I focus on different kinds of stocks during different phases of the market cycle, I use different buying and selling strategies according to variations in market psychology, etc. For example, last winter, psychology was very much negative, so when stocks hit their stops, I let them go. Thus by February I was almost all in cash. Now, however, the psychology is far more upbeat, so I look at pullbacks more as buying opportunities than selling opportunities. All of this depends, of course, on the stock, the volume, the chart pattern, the news, the earnings, the group, etc. - -----Db ------------------------------ Date: Sun, 27 Jul 1997 13:38:10 -0400 From: "Charles F. Corbit III" Subject: Re: HDCO comments (was [CANSLIM] List traffic). Hello, > I suggest you order a book called Charting the Stock Market by the editors of > Stocks and Commodities Magazine. I called my local Walden's and they couldn't find anything under that title. If it is not too much of a bother can you give me the ISBN or the authors name. Also a phone number for the magazine, I like to get a sample copy and see what it is about. Thanks alot, Charlie ------------------------------ Date: Sun, 27 Jul 1997 11:13:45 -0700 From: " Richard T." Subject: [CANSLIM] charting Hi I tried to get the- charting the stock market -program (which I downloaded) but it wont let me access it because it wont accept 0000 for the credit card number. I get so much info from IBD and you guy's anyway. Thanks, Richard ------------------------------ Date: Sun, 27 Jul 1997 14:18:16 -0500 From: "Gess Shankar" Subject: [CANSLIM] Re: Source for trading books (was: HDCO comments) On 27 Jul 97 at 13:38, Charles F. Corbit III wrote: > I called my local Walden's and they couldn't find anything under > that title. If it is not too much of a bother can you give me the > ISBN or the authors name. Also a phone number for the magazine, I > like to get a sample copy and see what it is about. > I have never seen a good collection of books of interest to traders in any of the chains - may be Borders have a bit more than the others. You will find the mainstream known authors like Lynch, O'Neill, Wade Cook etc., but not a great selection of all available titles. Check out the website of Traders Press, who run a mail order operation of a good collection of books for the investing and trading public. URL is: http://www.traderspress.com/ Charting the stock market is by Jack Hutson, Craig Schroeder et al. You can order it directly from TASC magazine 1-800-832-4642 Or check their website at http://www.traders.com/ Gess ------------------------------ Date: Sun, 27 Jul 1997 14:58:51 -0400 From: "Charles F. Corbit III" Subject: Re: [CANSLIM] Re: Source for trading books Gess, Your right ! It makes it difficult as I am limited to other peoples book suggestions. I was in Wash, DC recently and stopped in at a huge Borders's or Barnes (forget), unbelievable selection of finance/investing books compared to my local stores. Maybe it is good I don't have a local store like that I would be broke , I love books. Anyway, thanks for the tip. I have that site bookmarked, but didn't even think to check there, duh. I am also looking for suggestions for books on investing/trading strategies in a bear market. I think I will need it sometime in late 98 and I want to prepare. I only know what a bull looks like as I have only been doing this for a few months now and getting extremely lucky. Thanks, Charlie - ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: [CANSLIM] Re: Source for trading books (was: HDCO comments) > Date: Sunday, July 27, 1997 3:18 PM > > On 27 Jul 97 at 13:38, Charles F. Corbit III wrote: > > > I called my local Walden's and they couldn't find anything under > > that title. If it is not too much of a bother can you give me the > > ISBN or the authors name. Also a phone number for the magazine, I > > like to get a sample copy and see what it is about. > > > > I have never seen a good collection of books of interest to traders > in any of the chains - may be Borders have a bit more than the > others. You will find the mainstream known authors like Lynch, > O'Neill, Wade Cook etc., but not a great selection of all > available titles. > > Check out the website of Traders Press, who run a > mail order operation of a good collection of books for the investing > and trading public. URL is: http://www.traderspress.com/ > > Charting the stock market is by Jack Hutson, Craig Schroeder et al. > You can order it directly from TASC magazine 1-800-832-4642 > Or check their website at http://www.traders.com/ > > Gess ------------------------------ Date: Sun, 27 Jul 1997 15:07:10 -0400 (EDT) From: Dbphoenix@aol.com Subject: [CANSLIM] Re: Charting the Stock Market In a message dated 97-07-27 13:54:55 EDT, you write: << > I suggest you order a book called Charting the Stock Market by the editors of > Stocks and Commodities Magazine. I called my local Walden's and they couldn't find anything under that title. If it is not too much of a bother can you give me the ISBN or the authors name. Also a phone number for the magazine, I like to get a sample copy and see what it is about. Thanks alot, Charlie >> They didn't look very hard. It's there. Check Amazon.com if you don't have a Barnes and Noble, Bookstar or Borders in your town. Stocks and Commodities magazine advertises regularly in IBD. They also have a site, www.traders.com (Technical Analysis of Stocks and Commodities). You can order it through them, but it would be faster through Amazon or a local bookstore. When you get there, click S&C Volume Books. At the bottom of the list, you'll find Charting the Stock Market. Sorry I don't have the info you asked for. I lent the book out. - -----Db ------------------------------ Date: Sun, 27 Jul 1997 15:13:13 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Re: Source for trading books (was: HDCO comments) In a message dated 97-07-27 14:42:17 EDT, you write: << Charting the stock market is by Jack Hutson, Craig Schroeder et al. You can order it directly from TASC magazine 1-800-832-4642 Or check their website at http://www.traders.com/ Gess >> Thanks, Gess. I should have read all the posts before making my response. Have you by any chance read the book? That would make two of us (though I suspect we're not the only ones; O'N must have read him--there are just too many similarities). - -----Db ------------------------------ Date: Sun, 27 Jul 1997 15:21:39 -0400 From: "Charles F. Corbit III" Subject: Re: [CANSLIM] Re: Charting the Stock Market DB, Thanks for the lead, if it is not by Danielle Steele, my local book store has trouble comprehending. - ---------- > From: Dbphoenix@aol.com > To: canslim@mail.xmission.com > Subject: [CANSLIM] Re: Charting the Stock Market > Date: Sunday, July 27, 1997 3:07 PM > > In a message dated 97-07-27 13:54:55 EDT, you write: > > << > I suggest you order a book called Charting the Stock Market by the > editors of > > Stocks and Commodities Magazine. > > I called my local Walden's and they couldn't find anything under that > title. If it is not too much of a bother > can you give me the ISBN or the authors name. Also a phone number for the > magazine, I like to get a sample copy and see what it is about. > > Thanks alot, > > Charlie >> > > They didn't look very hard. It's there. Check Amazon.com if you don't have > a Barnes and Noble, Bookstar or Borders in your town. Stocks and Commodities > magazine advertises regularly in IBD. They also have a site, www.traders.com > (Technical Analysis of Stocks and Commodities). You can order it through > them, but it would be faster through Amazon or a local bookstore. When you > get there, click S&C Volume Books. At the bottom of the list, you'll find > Charting the Stock Market. > > Sorry I don't have the info you asked for. I lent the book out. > > -----Db ------------------------------ Date: Sun, 27 Jul 1997 23:51:54 -0700 From: Sam Funchess Subject: [CANSLIM] Video Has anyone received the video from IBD? They called me six or so weeks ago and said they would be sending it to all IBD subscribers. Thanks Sam coach@spyder.net ------------------------------ Date: Sun, 27 Jul 1997 23:44:37 -0700 From: Sam Funchess Subject: Re: [CANSLIM] Intro: Mr. Brown > I would encourage you to buy and read HTMMIS as soon as possible. This is How To Make Money In Stocks by William O'Neil (WON) just for reference. Sam Coach@spyder.net ------------------------------ Date: Mon, 28 Jul 1997 01:15:41 -0700 From: Sam Funchess Subject: [CANSLIM] Stocks i ran accross on Sunday ACRT Just left a 50 day moving average on strong volume. Has excellent numbers and looks inticing. Top company in group. 18% off high. No funds though. TWR Rel Str is steady at 72 or so, this is the only bas thing I see about it. It is moving up on high volume, down on light volume. I am sure I will take a couple of hits for these but lets watch them for a while. I would be buying ACRT if I wasn't already fully margined. Sam coach@spyder.net ------------------------------ Date: Mon, 28 Jul 1997 07:03:23 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Video I got it about a week ago but haven't looked at it yet. I would suggest you call and request they send another, you should have it by now. 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: Sam Funchess > To: Can Slim > Subject: [CANSLIM] Video > Date: Monday, July 28, 1997 2:51 AM > > Has anyone received the video from IBD? They called me six or so weeks > ago and said they would be sending it to all IBD subscribers. > > Thanks > Sam > coach@spyder.net > ------------------------------ Date: Mon, 28 Jul 1997 06:58:20 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] charting Try sending an email to techsupport@dailygraphs.com, they are usually pretty good at responding. 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: Richard T. > To: canslim group > Subject: [CANSLIM] charting > Date: Sunday, July 27, 1997 2:13 PM > > Hi I tried to get the- charting the stock market -program (which I > downloaded) but it wont let me access it because it wont accept 0000 for > the credit card number. I get so much info from IBD and you guy's anyway. > Thanks, Richard > ------------------------------ Date: Mon, 28 Jul 1997 07:55:45 -0400 (EDT) From: Ppn3725@aol.com Subject: [CANSLIM] AZZ I sold my AZZ at 18, more due to market action, anyhow, that dropped it 1/2 pt. So, it will probably continue its upward path. Peter Newell ------------------------------ Date: Mon, 28 Jul 1997 09:11:07 EDT From: saemra@juno.com (Sarkis L. Emrazian) Subject: [CANSLIM] canslim archive files get canslim Jul 22 02:08 v01.n252 get canslim 2106 Jul 24 07:53 014 ------------------------------ Date: Mon, 28 Jul 97 09:53:00 PDT From: Chih Yu Chao Subject: [CANSLIM] Some screening result. Hi, this forum seems pretty quiet last week, so I made some CANSLIM screening and try to make some noise. The followings are the result: DELL, ASYT, LSS, VTSS, SANM, EAII Another interesting one is ANLT. I think Tom maybe will be the first one to say: Hey, they are all too extended for me ;-) Where is James? Haven't see his post for a long time. Cheers, ChihYu ------------------------------ Date: Mon, 28 Jul 1997 10:19:58 -0700 From: Brian Nash Subject: [CANSLIM] Watching PWAV: Opinions? Powerwave Technologies: Designs, manufactures and markets ultra-linear radio frequency power amplifiers for wireless communications. EPS: 98 RS: 97 A/D: A GS: A +77% annual EPS growth, last quarter +54%, prior quarter +42% Last quarter sales +79% Management owns 74% ROE 32.1% Debt: 1% ADV: 215900 Anybody else see high & tight flags here, or am I misinterpreting? ------------------------------ Date: Mon, 28 Jul 1997 14:00:12 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Watching PWAV: Opinions? Hi Brian, Definitely a flag (bullish looking formation). And definitely tight. However high tight flags form after "moving approximately 100-120% in a very short period of time (four to eight weeks) and then corrects sideways, usually in three, four, or five weeks, no more than 10-20%." (From HTMMIS by WJ O'Neil, page 167). So I would vote, "tight bullish flag" or "high ledge formation", but not "high tight flag". I have seen folks buy off of breakouts from these formations and do well, but they are much riskier than 8 week bases (of course), although maybe not a whole lot riskier than HT flags (which are risky anyway). I would like PWAV better (it would feel safer) if it had spent more time in the 22-24 1/2 range on the right side of the base. It did most of the basing work between 15 1/2 and 21. But it was in a big hurry when it left 21. It did at least pause to hang out a handle for 3 days at 23 7/8. A bit of a short handle, but better than nothing. The ledge looks nice: big shakeout volume on 7/16 at 31. Very quiet volume since then in about a 5% (TIGHT) trading range. Has possibilities. On my watch list. Regards, Craig At 10:19 AM 7/28/97 -0700, you wrote: >Powerwave Technologies: Designs, manufactures and markets ultra-linear >radio frequency power amplifiers for wireless communications. > >EPS: 98 >RS: 97 >A/D: A >GS: A >+77% annual EPS growth, last quarter +54%, prior quarter +42% >Last quarter sales +79% >Management owns 74% >ROE 32.1% >Debt: 1% >ADV: 215900 > >Anybody else see high & tight flags here, or am I misinterpreting? > > ------------------------------ Date: Mon, 28 Jul 1997 15:26:51 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Watching PWAV: Opinions? Brian, I reviewed the PWAV chart some more. In my previous post, I was looking for the 100% move to be from the breakout at 24, which would mean a move to 50ish, in order to qualify for a high tight flag. But, that is because I was looking for the move to come from the top of a base. O'Neil does not state this as a requirement, but implies it with the examples. If one counts PWAV's move as being from 17ish, it certainly did move 100% in about 4 weeks. So maybe it is a high tight formation after all. None of this really changes my overall view (bullish on a breakout) of the stock very much. But it did seem worthly of a follow on post to point it out. Regards, Craig ------------------------------ Date: Sun, 27 Jul 1997 13:08:42 -0400 From: "William E. Morrison" Subject: Re: [CANSLIM] HTMMIS etc. (was Intro: Mr. Brown) Thanks Tom, I have the 1st edition here in front of me. Being a government worker I should have been able to guess the acronym . It's the reason I subscribed to this site. A group of us used it as a lunch time discussion topic about the time the 2nd ed came out. Some had one some had the other. I don't subscribe to the paper but I buy it regularly. I especially like the Friday edition with the list to study for the weekend. I subscribed to the daily graphs from about 1981 to 1985 or so. I get most of the information from other sources now though. Bill Morrison Tom Worley wrote: > > William, you ask a good question, and I forget that we have new > members all the time. Here is the answer to your question, along > with info on other "pure" CANSLIM sources straight from the master > guru (Wm O'Neill) himself. > > HTMMIS is the shorthand for Wm O'Neill's book How To Make Money In > Stocks, now in the second edition, and still ------------------------------ Date: Mon, 28 Jul 1997 18:27:40 -0600 (MDT) From: cando@highfiber.com Subject: Re: [CANSLIM] Video >I got it about a week ago but haven't looked at it yet. I would >suggest you call and request they send another, you should have it >by now. > >tom w > >---------- >> From: Sam Funchess >> Has anyone received the video from IBD? They called me six or so >weeks >> ago and said they would be sending it to all IBD subscribers. >> >> Thanks >> Sam >> coach@spyder.net >> ***************************************************************** Would anyone care to give a brief review or summary of the video once they've checked it out? Thanks. James Coburn Albuquerque, NM ------------------------------ End of canslim Digest V1 #254 ***************************** 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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