From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #273 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Monday, August 25 1997 Volume 01 : Number 273 In this issue: Re: [CANSLIM] volatility Re: [CANSLIM] Protection from stop losses in down turns-some thoughts [CANSLIM] Hudson Foods Re: [CANSLIM] Hudson Foods Re: [CANSLIM]No leopard has feathers. [CANSLIM] CANSLIM Candidates Re: [CANSLIM] Protection from stop losses in down turns-some thoughts [CANSLIM] Re: KEG Re: [CANSLIM] Protection from stop losses in down turns-som Re: [CANSLIM] Hudson Foods Re: [CANSLIM] Hudson Foods Re: [CANSLIM] Re: KEG Re: [CANSLIM] Re: KEG Re: [CANSLIM] Re: KEG Re: [CANSLIM] Protection from stop losses in down turns-som [CANSLIM] Trading curbs question Re: [CANSLIM] Re: KEG Re: [CANSLIM] Re: KEG Re: [CANSLIM] Trading curbs question [CANSLIM] New Highs? Re: [CANSLIM] Re: KEG Re: [CANSLIM] New Highs? 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, 23 Aug 1997 00:07:49 -0800 From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] volatility > To: canslim@mail.xmission.com > From: "Christopher Reid" > how important is statistical volatility, it seems that when ever the 4 day volatility hits rock bottom (well below the 90 day volatility) and then begins to climb steeply to overtake the 90 day vol > tility the stock almost always rises up (only so in a bull market???). Is this an indicator of when to buy? (eg when the 4 day volatility is climbing sharply to overtake the 90 day volatility). Wh > n this trend (sharp increasing slope) occurs it seems to happen a couple days before the volume spikes, which all seem to happen before price increases. When the 4 day volatility is bouncing around > elow the 90 day it this seems to indicate a basing period??? There was a trade published in TASC a few months ago by Linda Raschke and Larry Connors that uses volatility. It is based on the 6 day versus the 100 day volatility, that is, dividing volatility for the last 6 days by the volatility for the last 100 days. When 6 day is less than half of the 100 day (the quotient is 0.5 or less) then you buy or sell a breakout from the trading range. This is used for futures, but I suppose it applies to anything. ------------------------------ Date: Sat, 23 Aug 1997 07:03:14 -0600 (MDT) From: cando@highfiber.com Subject: Re: [CANSLIM] Protection from stop losses in down turns-some thoughts >At 06:35 AM 8/22/97 -0400, you wrote: > >>We have enough group members using deep discount firms, and we >>certainly have had enough high volume days in the past year. How >>about some comments from members reporting on their experiences >>both with "in place" stop losses as well as order entry under such >>high volume conditions. Name your firm and tell us how they did. >> >Two of mine executed on the button on Friday. One actually looks to have >ticked down to the stop for a few minutes on the 5-minute chart. Wasn't that >about the second worst day since Oct 87? > >Tim Fisher, 1995 President, Pacific Fishery Biologists So who was/is your brokerage house? James Coburn Albuquerque, NM ------------------------------ Date: Sun, 24 Aug 1997 07:54:59 +0000 From: "Bill S." Subject: [CANSLIM] Hudson Foods I know that HFI is not a CANSLIM candidate but since the group has so much experience, I thought I would bounce this off here to get a better understanding of how a MARKET Maker functions. Hudson Foods has been in the news now for several weeks and all the publicity seems to be negative. Normal logic would suggest that shares of HFI would sell off drastically under normal circumstances, but this has not happened. The stock sold off 1/2 point and then bounced right back and hasn't made any significant movement, even though the volume has increased. The question then, is the MARKET maker sucking up all the stock sell orders to stabalize the price and if so, how much and at what point does he throw in the towel and let the market determine the value of the shares? Any insight will be appreciated. Bill-->> ------------------------------ Date: Sat, 23 Aug 1997 09:21:30 -0500 From: "Jack Markowitz" Subject: Re: [CANSLIM] Hudson Foods Bill, I don't follow Hudson Foods. However, as to the Market Maker. The MM has only one goal in mind, his own profit or loss. Although he is tasked with making an orderly market in a stock, he is only going to do what puts money in his pocket. The MM is only buying the stock if he believes he can move it back out, usually making the profit from the spread. He will never try to protect the price of a stock. So, the answer to your question is no... the MM is not sucking up the stock to stabilize prices. See ya, Jack jack@jackm.com http://www.jackm.com Jack's Picks - ---------- > From: Bill S. > To: canslim@mail.xmission.com > Subject: [CANSLIM] Hudson Foods > Date: Sunday, August 24, 1997 2:54 AM > > I know that HFI is not a CANSLIM candidate but since the group has so > much experience, I thought I would bounce this off here to get a better > understanding of how a MARKET Maker functions. > > Hudson Foods has been in the news now for several weeks and all the > publicity seems to be negative. Normal logic would suggest that shares > of HFI would sell off drastically under normal circumstances, but this > has not happened. The stock sold off 1/2 point and then bounced right > back and hasn't made any significant movement, even though the volume > has increased. > > The question then, is the MARKET maker sucking up all the stock sell > orders to stabalize the price and if so, how much and at what point does > he throw in the towel and let the market determine the value of the > shares? > > Any insight will be appreciated. > > Bill-->> ------------------------------ Date: Sat, 23 Aug 1997 10:26:16 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM]No leopard has feathers. - --------------2CFB1973B58FE40F63E37A89 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Tom-- Thanks for the reply. Don't know what the hell it is with my "ghost" pages. I post in both plain text and html. Let me know if this is ghosty. Am agreed about the investment club; many are social gatherings, of which there is nothing wrong. Such a venture is not what I had in mind. What I intended was nothing more than a few guys who are learning about investing|trading, agreeing on a strategy, trading more than what their investment|retirement strategy calls for, and saving a few bucks on commissions. E.g., I put up a certain amount of money. When my "fee" is used up, I trade free. Aufhauser [http://aufhauser.com] has a deal that looks like this, as I recall. For $800, trade up to 20 times a month [$3.33 per trade]. Ninety-five percent of the people trade fewer than 20 times per year. My suggestion, stripped, was this. Five guys open an account; use any name, real or fictitious. Any of the five can put in money to the account name; only one can take it out and buy|sell. In the background the five can have a helluva great time living and learning the market. Five guys, $2000, a margin account: that's $20,000 of living and learning--while presumably making some spending money. The $20,000 is a bit like having a mistress who, if you leave, won't call your wife. The mistress is not a CANSLIM mistress; the mistress is a kiss-but-no-tell mistress. You can call her any time of the day or night, keep her company from ten until four, and return home to your wife. Other times you make for an arrangement to vacation together for two or three days, even a week or two; then you separate with all the [money] memories. And find a new mistress. No blackmail, no alimony, no child support. How many lives do we have to live? Where else are they so many mistresses to choose from? And not one like any other. One is paranoid, a second schizophrenic, a third sado-masochistic, a fourth manic-depressive, and a fifth. . . . And all can make you money. An old trader told me: "Man has a walking speed about like a chicken." Implication: All one has to do is pick his animal to train with. No leopard has feathers. cmr - --------------2CFB1973B58FE40F63E37A89 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Tom--

Thanks for the reply.  Don't know what the hell it is with my "ghost" pages.  I post in both plain text and html.  Let me know if this is ghosty.

Am agreed about the investment club; many are social gatherings, of which there is nothing wrong. Such a venture is not what I had in mind.  What I intended was nothing more than a few guys who are learning about investing|trading, agreeing on a strategy, trading  more than what their investment|retirement strategy calls for, and saving a few bucks on commissions.  E.g., I put up a certain amount of money.   When my "fee" is used up, I trade free.

Aufhauser [http://aufhauser.com] has a deal that looks like this, as I recall.  For $800, trade up to 20 times a month [$3.33 per trade].  Ninety-five percent of the people trade fewer than 20 times per year.

My suggestion, stripped, was this.  Five guys open an account; use any name, real or fictitious.  Any of the five can put in money to the account name; only one can take it out and buy|sell.  In the background the five can have a helluva great time living and learning the market.  Five guys, $2000, a margin account:  that's $20,000 of living and learning--while presumably making some spending money.  The $20,000 is a bit like having a mistress who, if you leave, won't call your wife.

The mistress is not a CANSLIM mistress; the mistress is a kiss-but-no-tell mistress.  You can call her any time of the day or night, keep her company from ten until four, and return home to your wife.  Other times you make for an arrangement to vacation together for  two or three days, even a week or two; then you separate with all the [money] memories.  And find a new mistress.  No blackmail, no alimony, no child support.

How many lives do we have to live?  Where else are they so many mistresses to choose from?  And not one like any other.  One is paranoid, a second schizophrenic, a third sado-masochistic,  a fourth manic-depressive, and a fifth. . . .   And all can make you money.

An old trader told me: "Man has a walking speed about like a chicken."  Implication:  All one has to do is pick his animal to train with.  No leopard has feathers.

cmr - --------------2CFB1973B58FE40F63E37A89-- ------------------------------ Date: Sat, 23 Aug 1997 10:46:27 -0400 From: Connie Mack Rea Subject: [CANSLIM] CANSLIM Candidates CANSLIM - ------- 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ----- ------- ------- ------- ACTN 222.66 104.89 12.61 52.64 96.87 ANLT 42.28 42.71 4.89 17.54 95.06 BRL 40.98 51.08 22.21 19.31 87.44 BYA 61.91 17.24 22.99 78.98 97.69 CDG 338.89 46.62 15.38 76.03 97.73 CTS 28.23 69.71 5.27 41.30 100.00 DKB 30.37 39.74 14.65 43.46 88.65 EXPD 42.35 23.98 24.20 78.13 95.90 FFD 26.40 30.09 19.10 49.87 95.80 FMK 127.77 23.56 6.05 64.67 98.57 HDCO 105.07 52.43 10.38 70.15 86.47 HP 28.07 37.74 24.86 69.04 98.09 MANU 85.35 78.91 21.54 50.17 90.54 MAVK 32.55 34.14 7.47 60.16 100.00 MCRL 58.82 125.85 9.25 50.97 93.36 MSTR 63.79 25.98 15.26 67.54 93.56 PAGI 37.95 32.30 6.69 19.09 100.00 PESC 31.42 29.36 18.84 81.05 100.00 PHLY 43.02 32.62 6.03 37.58 88.66 PRIA 55.98 47.17 14.82 72.15 97.99 SCTC 33.34 15.35 14.07 69.14 93.18 TNL 72.87 53.27 16.11 41.26 99.69 TRIP 33.30 40.91 15.02 83.66 94.23 VOL 37.26 137.60 15.03 26.40 96.08 WIRE 49.48 15.94 7.11 37.87 98.15 MODIFIED CANSLIM - HIGH BAR - --------------------------- 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ----- ------- ------- ------- ANLT 42.28 42.71 4.89 17.54 95.06 BRL 40.98 51.08 22.21 19.31 87.44 PAGI 37.95 32.30 6.69 19.09 100.00 MODIFIED CANSLIM - LOW BAR - --------------------------- 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ----- ------- ------ ------- ACTN 222.66 104.89 12.61 52.64 96.87 AEIC 20.56 16.80 33.54 71.74 100.00 ANLT 42.28 42.71 4.89 17.54 95.06 BJS 66.83 21.48 40.80 97.21 98.46 BRL 40.98 51.08 22.21 19.31 87.44 BYA 61.91 17.24 22.99 78.98 97.69 CAM 22.59 31.80 24.66 91.21 99.62 CDG 338.89 46.62 15.38 76.03 97.73 CMT 24.26 20.42 23.26 85.77 91.22 CSL 28.63 23.57 31.13 55.02 96.39 CTS 28.23 69.71 5.27 41.30 100.00 DKB 30.37 39.74 14.65 43.46 88.65 DS 29.39 18.96 28.76 72.88 97.87 EXPD 42.35 23.98 24.20 78.13 95.90 FFD 26.40 30.09 19.10 49.87 95.80 FMK 127.77 23.56 6.05 64.67 98.57 FTR 35.39 25.60 29.39 56.14 93.16 HDCO 105.07 52.43 10.38 70.15 86.47 HP 28.07 37.74 24.86 69.04 98.09 LSS 21.42 39.53 20.54 70.06 94.62 MANU 85.35 78.91 21.54 50.17 90.54 MAVK 32.55 34.14 7.47 60.16 100.00 MCRL 58.82 125.85 9.25 50.97 93.36 MSTR 63.79 25.98 15.26 67.54 93.56 MTSC 22.30 22.07 9.36 46.48 100.00 MTZ 108.07 182.24 26.07 34.43 96.30 PAGI 37.95 32.30 6.69 19.09 100.00 PESC 31.42 29.36 18.84 81.05 100.00 PHLY 43.02 32.62 6.03 37.58 88.66 PRIA 55.98 47.17 14.82 72.15 97.99 SCTC 33.34 15.35 14.07 69.14 93.18 SII 41.77 90.86 40.07 81.95 96.35 TNL 72.87 53.27 16.11 41.26 99.69 TRIP 33.30 40.91 15.02 83.66 94.23 TUBO 33.13 41.21 42.80 36.08 99.10 VOL 37.26 137.60 15.03 26.40 96.08 VRC 43.48 48.39 32.39 77.69 95.78 VTSS 59.82 113.10 34.74 67.74 99.60 WIND 46.03 208.93 25.27 60.86 97.74 WIRE 49.48 15.94 7.11 37.87 98.15 cmr ------------------------------ Date: Sat, 23 Aug 1997 09:33:28 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Protection from stop losses in down turns-some thoughts At 07:03 AM 8/23/97 -0600, you wrote: >>At 06:35 AM 8/22/97 -0400, you wrote: >> >>>We have enough group members using deep discount firms, and we >>>certainly have had enough high volume days in the past year. How >>>about some comments from members reporting on their experiences >>>both with "in place" stop losses as well as order entry under such >>>high volume conditions. Name your firm and tell us how they did. >>> >>Two of mine executed on the button on Friday. One actually looks to have >>ticked down to the stop for a few minutes on the 5-minute chart. Wasn't that >>about the second worst day since Oct 87? >> >So who was/is your brokerage house? One was executed by Schwab, the other by Bidwell. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: Sat, 23 Aug 1997 18:20:53 -0700 From: Sam Funchess Subject: [CANSLIM] Re: KEG No! Their killing me. I call Jim Dean at KEG and asked them when they expected to announce them and he said on Monday. I then asked him if he felt comfortable with .20 a share and he said yes. When I had called him a week earlier I had asked him if they expected to meet analysts expectations of .18 a share and he felt comfortable. So we have to wait until Monday. Luckily I bought at 19 9/16ths so I have not experienced any loss yet, but it gets beat down everyday the earnings are delayed. Sam sam5@mindspring.com Steve Baranoff wrote: > Did KEG ever announce their quarterly earnings? I have been looking > daily > for them and never saw them. Thanks. > > Steve B. ------------------------------ Date: Sat, 23 Aug 1997 12:36:23 From: bob gibson Subject: Re: [CANSLIM] Protection from stop losses in down turns-som At 11:14 PM 8/22/97 -0800, you wrote: >> To: canslim@mail.xmission.com >> From: Tim Fisher > >> Two of mine executed on the button on Friday. One actually looks to have >> ticked down to the stop for a few minutes on the 5-minute chart. Wasn't that >> about the second worst day since Oct 87? > >As a percentage move, worst since Nov., 1991. What is the five minute chart, and how do I get it? Bob Gibson ------------------------------ Date: Sun, 24 Aug 1997 06:02:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Hudson Foods Couple of points: first, primary business is poultry production, not beef. Second, current problems involve only one plant. Third, showing strong earnings and revenue growth, fourth, two weeks ago it hit 16.5 and since has traded down to low 14. Appears to me that value investors are picking up stock on pullbacks using logic that this is a temporary problem that affects only a small part of the company's operations. I would not be a buyer under present circumstances. There is a strong likelihood that FDA will go inspect all their other plants, and could be further problems found. 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: Bill S. > To: canslim@mail.xmission.com > Subject: [CANSLIM] Hudson Foods > Date: Sunday, August 24, 1997 3:54 AM > > I know that HFI is not a CANSLIM candidate but since the group has so > much experience, I thought I would bounce this off here to get a better > understanding of how a MARKET Maker functions. > > Hudson Foods has been in the news now for several weeks and all the > publicity seems to be negative. Normal logic would suggest that shares > of HFI would sell off drastically under normal circumstances, but this > has not happened. The stock sold off 1/2 point and then bounced right > back and hasn't made any significant movement, even though the volume > has increased. > > The question then, is the MARKET maker sucking up all the stock sell > orders to stabalize the price and if so, how much and at what point does > he throw in the towel and let the market determine the value of the > shares? > > Any insight will be appreciated. > > Bill-->> ------------------------------ Date: Sun, 24 Aug 1997 08:50:20 -0500 From: "Bill S." Subject: Re: [CANSLIM] Hudson Foods Thanks for the analysis, Tom, but the stability of the equity in light of the bad press is amazing. Last July 22, the company's Noel, Missouri plant was cited by OSHA. On July 24, they report a 49 cent loss as compared to +11 cents for the previous qtr. It is indeed the nation's third largest publically-traded poultry company. Products marketed are under several brand names including "Hudson', 'Delightful Farms', 'Pierre', and 'Schweigert'. Hudson operates 14 plants in 11 states and has considerable exposure in Russia via their International Division, taking a recent $33 million 'restructuring' charge to bail out a deal gone sour. Forward looking PE is somewhere in the 40 range. On Aug 13, they report that 20,000 pounds of beef are bad and subject to recall, while 2 days later the USDA says its actually 1.2 million pounds that are to be recalled - one of the largest on record but the stock hardly moves. If you look at the chart for HFI, it could be a good example of what a BAD chart is all about. I guess 'value' is in the eyes of the beholder on this one. :-) Bill-->> - ------------- Tom Worley wrote: > > Couple of points: first, primary business is poultry production, > not beef. Second, current problems involve only one plant. Third, > showing strong earnings and revenue growth, fourth, two weeks ago > it hit 16.5 and since has traded down to low 14. Appears to me that > value investors are picking up stock on pullbacks using logic that > this is a temporary problem that affects only a small part of the > company's operations. > > I would not be a buyer under present circumstances. There is a > strong likelihood that FDA will go inspect all their other plants, > and could be further problems found. > > 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: Bill S. > > To: canslim@mail.xmission.com > > Subject: [CANSLIM] Hudson Foods > > Date: Sunday, August 24, 1997 3:54 AM > > > > I know that HFI is not a CANSLIM candidate but since the group > has so > > much experience, I thought I would bounce this off here to get a > better > > understanding of how a MARKET Maker functions. > > > > Hudson Foods has been in the news now for several weeks and all > the > > publicity seems to be negative. Normal logic would suggest that > shares > > of HFI would sell off drastically under normal circumstances, but > this > > has not happened. The stock sold off 1/2 point and then bounced > right > > back and hasn't made any significant movement, even though the > volume > > has increased. > > > > The question then, is the MARKET maker sucking up all the stock > sell > > orders to stabalize the price and if so, how much and at what > point does > > he throw in the towel and let the market determine the value of > the > > shares? > > > > Any insight will be appreciated. > > > > Bill-->> ------------------------------ Date: Sun, 24 Aug 1997 18:04:58 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re: KEG On Sat, 23 Aug 1997 18:20:53 -0700, you wrote: :No! Their killing me. I call Jim Dean at KEG and asked them when they :expected to announce them and he said on Monday. I then asked him if he :felt comfortable with .20 a share and he said yes. When I had called him :a week earlier I had asked him if they expected to meet analysts :expectations of .18 a share and he felt comfortable. So we have to wait :until Monday. Luckily I bought at 19 9/16ths so I have not experienced :any loss yet, but it gets beat down everyday the earnings are delayed. :Sam I hope the reaction to the earnings report is positive. I've heard it said that delays in earnings reports are never a good sign, and this makes me apprehensive. I bought a large position in KEG -- the chart looked great at the time, but it hasn't come through. I wish I'd taken out a large position on ORBKF at the same time, on margin. I was trying to make my mind between the two and got the idea to go on margin, but I decided against it (and only opened a position in KEG) ... big mistake! ORBKF went up 10.48% by the end of that day! I've had a lot of good ideas, but not yet succeeded in executing properly. I hope I get the hang of it.=20 Looking at KEG's chart recently, it has always seemed to rebound from a few down days. I have, therefore, stayed in the stock in anticipation that it will recover from this short downturn. As far as the earnings release scenario is concerned, all I know about it is what I have heard from you. I think I'll poke around on the web and see what I can find. Dan :sam5@mindspring.com :Steve Baranoff wrote: : :> Did KEG ever announce their quarterly earnings? I have been looking :> daily :> for them and never saw them. Thanks. :> :> Steve B. : : : ------------------------------ Date: Sun, 24 Aug 1997 19:47:24 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re: KEG On Sat, 23 Aug 1997 18:20:53 -0700, you wrote: :No! Their killing me. I call Jim Dean at KEG and asked them when they :expected to announce them and he said on Monday. I then asked him if he :felt comfortable with .20 a share and he said yes. When I had called him :a week earlier I had asked him if they expected to meet analysts :expectations of .18 a share and he felt comfortable. So we have to wait :until Monday. Luckily I bought at 19 9/16ths so I have not experienced :any loss yet, but it gets beat down everyday the earnings are delayed. :Sam :sam5@mindspring.com I did some research online for the estimates, and on the web at at least two sites, the estimate was .20, not .18. At AOL's First Call earnings estimates, they had .18 listed. The expected report date was 8/15. Dan :Steve Baranoff wrote: : :> Did KEG ever announce their quarterly earnings? I have been looking :> daily :> for them and never saw them. Thanks. :> :> Steve B. : : : ------------------------------ Date: Sun, 24 Aug 1997 13:48:29 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Re: KEG At 06:04 PM 8/24/97 GMT, you wrote: >On Sat, 23 Aug 1997 18:20:53 -0700, you wrote: >I hope the reaction to the earnings report is positive. I've heard it >said that delays in earnings reports are never a good sign, and this >makes me apprehensive. I bought a large position in KEG -- the chart >looked great at the time, but it hasn't come through. I wish I'd taken >out a large position on ORBKF at the same time, on margin. I was >trying to make my mind between the two and got the idea to go on >margin, but I decided against it (and only opened a position in KEG) >... big mistake! ORBKF went up 10.48% by the end of that day! I've had >a lot of good ideas, but not yet succeeded in executing properly. I >hope I get the hang of it. > Seems like you are expecting instant returns. I have held stocks for a month or more until they started to move again. Look at MCRL chart to see what I mean... >Looking at KEG's chart recently, it has always seemed to rebound from >a few down days. I have, therefore, stayed in the stock in >anticipation that it will recover from this short downturn. As far as >the earnings release scenario is concerned, all I know about it is >what I have heard from you. I think I'll poke around on the web and >see what I can find. > It made almost 3% on the week. You call that a downturn? It's within spitting distance of it's 52 week high! How many stocks can you say that about? Close 52 Wk Hi Wk Return Key Energy Group Inc..... 22 3/4 24 7/8 +2.8% Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: Sun, 24 Aug 1997 13:48:26 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Protection from stop losses in down turns-som At 12:36 PM 8/23/97, you wrote: > >What is the five minute chart, and how do I get it? > I get mine from Bidwell's web site, but I have an account there. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: Sat, 23 Aug 1997 18:53:23 -0700 From: "John R. Allen" Subject: [CANSLIM] Trading curbs question Last week there was a post regarding temporary halt in trading if the market goes down more than 250 and then another halt if it is 400 pts. Does that mean all stocks halt? and then, when does trading start up again? Is it a length of time that trading halts. Lastly, I hear sometimes on CNBC that "program trading" has been curbed or halted. What is that and how long does it remain in effect? ------------------------------ Date: Mon, 25 Aug 1997 03:53:33 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re: KEG On Sun, 24 Aug 1997 13:48:29 -0700, you wrote: :At 06:04 PM 8/24/97 GMT, you wrote: :>On Sat, 23 Aug 1997 18:20:53 -0700, you wrote: :>I hope the reaction to the earnings report is positive. I've heard it :>said that delays in earnings reports are never a good sign, and this :>makes me apprehensive. I bought a large position in KEG -- the chart :>looked great at the time, but it hasn't come through. I wish I'd taken :>out a large position on ORBKF at the same time, on margin. I was :>trying to make my mind between the two and got the idea to go on :>margin, but I decided against it (and only opened a position in KEG) :>... big mistake! ORBKF went up 10.48% by the end of that day! I've had :>a lot of good ideas, but not yet succeeded in executing properly. I :>hope I get the hang of it.=20 :> :Seems like you are expecting instant returns. I have held stocks for a :month or more until they started to move again. Look at MCRL chart to = see :what I mean... Yes, you are absolutely right, and I've lost a lot of money in the last 6 months selling out of fear and not having faith that my stocks would eventually perform. I got stopped out a bunch of times. So I resolved not to chicken out on one (NBTY), and lost my shirt. After the Feb. - Apr. correction was over, even *it* came back.=20 I'm familiar with MCRL as I took out a position in it last week (8/14) executing at 65 1/4, and made a little money on it, selling in the morning of 8/19 at market (I put in my order the night before) when it was at 67 1/4. It was apparent to me that the apparent breakout had failed, and it was dropping. It turned down at the opening and my execution was at 66 1/2. From there it turned and ended the day at 71 7/8. I could hardly believe it. : :>Looking at KEG's chart recently, it has always seemed to rebound from :>a few down days. I have, therefore, stayed in the stock in :>anticipation that it will recover from this short downturn. As far as :>the earnings release scenario is concerned, all I know about it is :>what I have heard from you. I think I'll poke around on the web and :>see what I can find. :> :It made almost 3% on the week. You call that a downturn? It's within :spitting distance of it's 52 week high! How many stocks can you say that= about? It *is* a downturn for me, as I picked it up at 23 3/8, and it went up 1/8 that day (Wednesday, when so many made a killing in the market, especially in tech stocks), but closed Friday at 22 3/4, as you noted. I'm down almost 3%. I'm trying to make a practice of almost always buying stocks that are very near their all-time high, if not at it. LLUR appeals to me...particularly if the stock keeps soaring higher! Dan : : Close 52 Wk Hi Wk Return :Key Energy Group Inc..... 22 3/4 24 7/8 +2.8% : :Tim Fisher, 1995 President, Pacific Fishery Biologists :Ore-ROCK-On Rockhounding Web Site :PFB Information :tfish@spiritone.com :WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! : ------------------------------ Date: Sun, 24 Aug 1997 21:33:31 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Re: KEG At 03:53 AM 8/25/97 GMT, you wrote: >On Sun, 24 Aug 1997 13:48:29 -0700, you wrote: > >I'm familiar with MCRL as I took out a position in it last week (8/14) >executing at 65 1/4, and made a little money on it, selling in the >morning of 8/19 at market (I put in my order the night before) when it >was at 67 1/4. It was apparent to me that the apparent breakout had >failed, and it was dropping. It turned down at the opening and my >execution was at 66 1/2. From there it turned and ended the day at 71 >7/8. I could hardly believe it. > I have a suggestion for you then. Buy a stock, put a 15% stop loss on it, and don't look at the price again until you get your statement from your broker. If it hit your stop loss then buy another one with the cash. That's how my mom does it and she's made over 60% since last October on her portfolio. And I think most of her picks are so-so (blue chips). Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: Mon, 25 Aug 1997 03:23:53 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Trading curbs question Hi John, You probably are remembering my response on how well today's exchanges (and computer systems) will cope with a mkt crash like Oct 87, esp at some of the discount houses and online systems. There are several different "circuit breakers" which were implemented as a result of learning what caused the Oct 87 crash (or at least some of the factors that contributed). The most common of these occurs when the Dow 30 has moved 50 pts in either direction. At that, automated entry of computer driven trading is halted. The orders can still be entered but in a more old fashioned way which slows it down somewhat. If the Dow recovers to less than 25 pts, this circuit breaker is turned off. The next one occurs when the S&P500 I think has moved 12 pts (or is it 16, they've been talking about changing this one as well as the first one). At this stage, once triggered, it remains in force for the rest of the trading day and prohibits order size over 2999 and also blocks entry of stop orders (don't know what happens to stop orders already in place, presumably they would still be honored). The next two are the ones you mention, occurring at 250 and 400 pts on the Dow 30 and triggering a temporary halt (yes, on all stocks on all exchanges) for 30 minutes and one hour respectively. There are some exceptions if this trigger is hit shortly before the mkt would otherwise close, but I forget the details. To the best of my knowledge, neither of these have ever been triggered. 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: John R. Allen > To: canslim discussion grp > Subject: [CANSLIM] Trading curbs question > Date: Saturday, August 23, 1997 9:53 PM > > Last week there was a post regarding temporary halt in trading if the > market goes down more than 250 and then another halt if it is 400 pts. > Does that mean all stocks halt? and then, when does trading start up > again? Is it a length of time that trading halts. Lastly, I hear > sometimes on CNBC that "program trading" has been curbed or halted. > What is that and how long does it remain in effect? > > ------------------------------ Date: Mon, 25 Aug 1997 05:29:31 -0400 From: "Tom Worley" Subject: [CANSLIM] New Highs? In scanning a number of stocks that hit new highs on Friday, I noted a much higher percentage had lower EPS ratings than I would have expected, mid 70s or less, many were MUCH less. Any thoughts on whether we are starting to see the froth and foam of a short term top?? 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, 25 Aug 1997 07:40:53 -0500 From: "Jack Markowitz" Subject: Re: [CANSLIM] Re: KEG Patience is the single most important tool an investor has. There is a statement... "A fool and his money are soon parted..." . You could easily substitute "an impatient investor" for Fool. Tim is very correct, if you have picked a good stock for a good reason, be patient. See ya, Jack jack@jackm.com http://www.jackm.com Jack's Picks - ---------- > From: Tim Fisher > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Re: KEG > Date: Sunday, August 24, 1997 11:33 PM > > At 03:53 AM 8/25/97 GMT, you wrote: > >On Sun, 24 Aug 1997 13:48:29 -0700, you wrote: > > > >I'm familiar with MCRL as I took out a position in it last week (8/14) > >executing at 65 1/4, and made a little money on it, selling in the > >morning of 8/19 at market (I put in my order the night before) when it > >was at 67 1/4. It was apparent to me that the apparent breakout had > >failed, and it was dropping. It turned down at the opening and my > >execution was at 66 1/2. From there it turned and ended the day at 71 > >7/8. I could hardly believe it. > > > I have a suggestion for you then. Buy a stock, put a 15% stop loss on it, > and don't look at the price again until you get your statement from your > broker. If it hit your stop loss then buy another one with the cash. > That's how my mom does it and she's made over 60% since last October on her > portfolio. And I think most of her picks are so-so (blue chips). > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > tfish@spiritone.com > WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! > ------------------------------ Date: Mon, 25 Aug 1997 07:53:00 -0500 From: "Jack Markowitz" Subject: Re: [CANSLIM] New Highs? What you are talking about is one of the examples that WON uses. When the laggards begin to lead the market, it is topping. I have watched a divergence in my own indicators of late, and the strong swings in price on the Dow are a similar indicator to what you are talking about. The main thing I keep coming back to is, all the economic pillars of this market are still in place. I can't point to one or another thing and say, " this will lead the market down." However, prudence demands that I at least acknowledge the possibility that the market is topping. See ya, Jack jack@jackm.com http://www.jackm.com Jack's Picks - ---------- > From: Tom Worley > To: CANSLIM > Subject: [CANSLIM] New Highs? > Date: Monday, August 25, 1997 4:29 AM > > In scanning a number of stocks that hit new highs on Friday, I > noted a much higher percentage had lower EPS ratings than I would > have expected, mid 70s or less, many were MUCH less. Any thoughts > on whether we are starting to see the froth and foam of a short > term top?? > > 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 ------------------------------ End of canslim Digest V1 #273 ***************************** To subscribe to canslim Digest, send the command: subscribe canslim-digest in the body of a message to "majordomo@xmission.com". If you want to subscribe something other than the account the mail is coming from, such as a local redistribution list, then append that address to the "subscribe" command; for example, to subscribe "local-canslim": subscribe canslim-digest local-canslim@your.domain.net A non-digest (direct mail) version of this list is also available; to subscribe to that instead, replace all instances of "canslim-digest" in the commands above with "canslim". Back issues are available for anonymous FTP from ftp.xmission.com, in pub/lists/canslim/archive. These are organized by date.