From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #289 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Wednesday, September 10 1997 Volume 01 : Number 289 In this issue: Re: [CANSLIM] SOCR Re: [CANSLIM] TMSR breakout? Re: [CANSLIM] Times of posts Re: [CANSLIM] SOCR Fw: [CANSLIM] SOCR Re: [CANSLIM] Times of posts RE: [CANSLIM] MRVC Re: [CANSLIM] Stop Loss Re: [CANSLIM] SECX - opinion\introduction Re: [CANSLIM] Stop Loss [CANSLIM] RE: Stops Re: [CANSLIM] Times of posts Re: [CANSLIM] Stop Loss [CANSLIM] ISTN Re: [CANSLIM] Introduction: John F. Nogueira, Jr. [CANSLIM] New Product alert [CANSLIM] WCOM [CANSLIM] New breakouts Re: [CANSLIM] WCOM Re: [CANSLIM] New breakouts Re: [CANSLIM] Stop Loss Re: [CANSLIM] Introduction: John F. Nogueira, Jr. Re: [CANSLIM] Stop Loss Re: [CANSLIM] Times of posts Re: [CANSLIM] MSON (was WCOM) [CANSLIM] Ticker (ARMS etc) See the end of the digest for information on subscribing to the canslim or canslim-digest mailing lists and on how to retrieve back issues. ---------------------------------------------------------------------- Date: Wed, 10 Sep 1997 12:06:41 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SOCR On Tue, 9 Sep 1997 23:52:23 -0400, you wrote: << Volume limit minders right now appear to be the single most important indicators. >> << tom w >> Tom, what are *volume limit minders*? Something you watch, or program or something like that? Dan ------------------------------ Date: Wed, 10 Sep 1997 07:59:42 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] TMSR breakout? Thanks, Ricardo, I like it and have added it to my watch list. Nice base, longer than I have been seeing with the small caps lately, good CS nrs, some seasonal effect on business (heavy sales leading up to Christmas), #4 in group and 2.6 days short interest to boot. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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: Ricardo Bekin > To: CANSLIM > Subject: [CANSLIM] TMSR breakout? > Date: Tuesday, September 09, 1997 12:08 PM > > Thrustmaster is making new highs on good volume. > > Ricardo ------------------------------ Date: Wed, 10 Sep 1997 08:05:37 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Times of posts Dan, by chance are you in the West Coast USA time zone? Your post showed on my computer as received three hours after you posted it, which is real slow for majordomo so am suspecting my browser may be automatically converting everything to local time (for me, local that is). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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: Dan Musicant To: canslim@mail.xmission.com Subject: Re: [CANSLIM] Times of posts Date: Wednesday, September 10, 1997 7:57 AM OK, I'll get the hang of this yet. For practice, note that I am sending this at 4:57 AM, 9/10/97. Dan On Wed, 10 Sep 1997 00:28:10 -0500, you wrote: :On 10 Sep 97 at 3:38, Dan Musicant wrote: :> I've been trying to figure out when messages have been posted to :> this group. This is often of major interest, especially during :> trading sessions. Can anyone enlighten me as to how to decifer the :> date/time stamps to determine *what time* the message was sent off :> to the server? Thanks in advance. :> ------------------------------ Date: Wed, 10 Sep 1997 08:12:09 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] SOCR Sorry, should have explained better. On my computer at work I can set up to five limit minders on a wide variety of items including bid or offer over or under a limit, vol over a set limit, last trade over or under, news, etc. I get an audible (if I'm there to hear it, I do a lot of running around in the office) as well as a visual indicator when a limit is hit. Since my machine is officially for my "day job" I try not to load it down with too many limit minders as this slows it down, and normally I would use more price oriented limits looking for breakouts, new highs, etc. However, with the small caps I am finding that putting limits on volume, then manually checking to see how the price is acting, works better and can alert me to a stock about to make a big move before that move has completely happened. I still wait for the move to begin, but I am better prepared to act quickly. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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: Dan Musicant To: canslim@mail.xmission.com Subject: Re: [CANSLIM] SOCR Date: Wednesday, September 10, 1997 8:06 AM On Tue, 9 Sep 1997 23:52:23 -0400, you wrote: << Volume limit minders right now appear to be the single most important indicators. >> << tom w >> Tom, what are *volume limit minders*? Something you watch, or program or something like that? Dan - ---------- ------------------------------ Date: Wed, 10 Sep 1997 08:16:41 -0400 From: "Tom Worley" Subject: Fw: [CANSLIM] SOCR Don't know if this one never came back, or just my aging memory getting worse. Sorry if it's a dup. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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@mail.xmission.com > Subject: Re: [CANSLIM] SOCR > Date: Tuesday, September 09, 1997 11:52 PM > > My first was Misonix (MSON) which I mentioned previously tonight > (in at 17.25 expecting to have to wait a while as it was early in > its consolidation of the last move that I missed after posting > here, but managed to hit a high of 19 today, with a brief high bid > of 18.875, tight spread briefly for a small float stock). > > I learned a lesson from Market Facts (MFAC). This mkt isn't waiting > around on the small float stocks. While risk is certainly > increased, there is money to be made chasing small cap stocks that > are already breaking out. And if you wait for the breakout to > actually occur, you will be paying up, likely well over 10% above > any recent "base" (which often is only a week long). > > I am starting to change my strategy to buying close to the end of > one week bases, and just being patient. The paper trades I have > done over the past month suggests I won't wait long. But you need a > very nervous trigger finger, and have to be in touch with the mkt > action. > > Volume limit minders right now appear to be the single most > important indicators. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted 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: Surindra J. Singh > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] SOCR > > Date: Tuesday, September 09, 1997 11:10 PM > > > > second one. which one was your first and third Tom? > > > > Tom Worley wrote: > > > > > > For what it's worth, SOCR was my *second* purchase today. I am > > > committed to the high growth, small float sector for probably > the > > > next several qtrs. My only problem is lack of funds and trying > to > > > pick among all the ones with growth rates ridiculously above > their > > > PE (trailing or projected) rates. > > > > > > Any statements or opinions are strictly my own and not that of > my > > > employer. My comments should not be interpreted 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: bob gibson > > > > To: canslim@mail.xmission.com > > > > Subject: [CANSLIM] SOCR > > > > Date: Tuesday, September 09, 1997 1:28 PM > > > > > > > > > > > > News item via pointcast from PR Newswire 9/9 12:41pm EDT > > > > Anthem, Inc., one of the largest health care management and > ins. > > > orgs. > > > > in US, has selected Scan-Optics to provide processing and > imaging > > > > > > > technology. Anthem currently processes 40 million health > care > > > claims and > > > > responds to six million customer inquiries annually > > > > > > > > There's more of the same, but no mention of what this might > mean > > > > to SOCR financially. It didn't seem to affect the sh price > > > either. Maybe > > > > tomorrow. > > > > > > > > Bob > > > > ------------------------------ Date: Wed, 10 Sep 1997 12:29:17 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Times of posts On Wed, 10 Sep 1997 11:57:12 GMT, you wrote: :OK, I'll get the hang of this yet. For practice, note that I am :sending this at 4:57 AM, 9/10/97. : :Dan My apologies. I forgot to note that it was PDT. So, to try it again. It's now 5:29 AM, Pacific Daylight Time. Dan ------------------------------ Date: Wed, 10 Sep 1997 02:51:34 -0700 From: Mike Lucero Subject: RE: [CANSLIM] MRVC - ------ =_NextPart_000_01BCBD94.86203B40 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Hi, all. I've recently started IBD and DG subscriptions, and check = DG-online. I'm wondering how to tell whether to buy MRVC's (for instance) breakout, = or wait to see if it's only the end of a cup and going to start a = handle. Because BCP is only near a new high, would one think it's more likely = going to make a handle than break out? Thanks,=20 Mike - -----Original Message----- From: Jeff Beckham [SMTP:jbeckham@vcn.com] Sent: Tuesday, September 09, 1997 11:01 AM To: canslim@xmission.com Subject: [CANSLIM] MRVC From Briefing.com: MRV Communications (MRVC) 34 3/4 +2 1/8: former high-flyer breaking = out today amidst strong volume. Issue setting new 52-week high on volume of = 1.35 mln shares vs yesterday's 619,000 and 3-month average daily volume of 330,000. = (Posted 13:06 ET). 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Subject: Re: [CANSLIM] Stop Loss Me thinks WON wrote that before the advent of discount brokers. The cost of the round trip with some of them is so low that taking an 8% hit is questionable money management. I would set the Stop Limit at no more than a couple of days trading range. If you are stopped out because of a broad market sell off and you continue having confidence in the stock, buy the sucker back at a lower price and have another whack, or two, at it. Bill-->> - ------------------ Tom Worley wrote: > > The basic WON rule, as expanded upon in recent seminars, is an > initial stop order down 8% from your entry point provided you made > a correct entry and are studying the chart for nearby > support/bases. ------------------------------ Date: Wed, 10 Sep 1997 13:40:25 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SECX - opinion\introduction On Wed, 10 Sep 1997 00:16:28 -0600, you wrote: :My name Russell Clegg, I have been investing for a little less than one :year. I would like to thank everyone than has made contributions to the :list as I have been lurking for aprox 6 months. It has been very :educational. I started by reading HTMMIS last fall and after several :books I find that I do most of my trades using TA and not pure canslim :ideas. I made a recent purchase ( SECX )that I thought may be a canslim :canidate. I don't have the numbers for it but the chart looks like a cup :w/handle. Any feed back would be valued. :Russell Hi Russell, re: SECX -- The chart looks pretty good. I like the LLUR (lower left to upper right) tendencies lately! As far as the stocks CANSLIM characteristics: -1% growth rate is not good. Successive quarters have shown decreasing earnings increases. Other than that, it's not too bad. Dan ------------------------------ Date: Wed, 10 Sep 1997 13:45:30 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Stop Loss On Wed, 10 Sep 1997 08:43:09 -0500, you wrote: :Me thinks WON wrote that before the advent of discount brokers. The cost :of the round trip with some of them is so low that taking an 8% hit is :questionable money management. I would set the Stop Limit at no more :than a couple of days trading range. If you are stopped out because of a :broad market sell off and you continue having confidence in the stock, :buy the sucker back at a lower price and have another whack, or two, at :it. : :Bill-->> He may have written it before the advent of discount brokers, but he hasn't revised his strategies.=20 : :Tom Worley wrote: :>=20 :> The basic WON rule, as expanded upon in recent seminars, is an :> initial stop order down 8% from your entry point provided you made :> a correct entry and are studying the chart for nearby :> support/bases. : : ------------------------------ Date: Wed, 10 Sep 1997 09:47:17 -0400 From: Connie Mack Rea Subject: [CANSLIM] RE: Stops Members-- RE: Stops I have an invariable rule about stops. Once I have a10% close in a stock, I will never take a loss on "that" purchase of the stock. Should the stock return after retreating, I am indifferent that I sold it. If the reasons for my buying are still intact, I will take another position. I will, however, never buy the stock a third time. Life goes on. If you think otherwise, you will take your errors to bed and never rise feeling refreshed. Take other things to bed--but never a mistake. I am not ignoring the fact that you may be buying in 100 lots. Commissions are onerous for small lots, and even more so for odd lots. Connie Mack [Day trader] ------------------------------ Date: Wed, 10 Sep 1997 08:02:50 -0600 From: "Jay Cliburn" Subject: Re: [CANSLIM] Times of posts > My apologies. I forgot to note that it was PDT. > > So, to try it again. It's now 5:29 AM, Pacific Daylight Time. > > Dan Here's the sequence: Dan sends the message via his ISP's dialup pool at 05:29:17 PDT. The mail host at his ISP receives the message at 05:28:12 PDT. The mail host at xmission.com receives the message at 06:28:14 MDT. Majordomo sends the message at 06:26:43 MDT. My host receives the message from xmission.com at 06:26:02 MDT. So, the bottom line is: I received the message three minutes before Dan sent it! Dang, computers are great, aren't they? Actually, the time differences arise from the variances in each of our machines' onboard clocks. This particular message sped right through the system. Unfortunately, during the busier part of the day I suspect that internet traffic combined with xmission's processing load conspire to delay messages to some extent. - -- 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) New telephone numbers effective 22 September 1997 (435) 797-4317 (voice) (435) 797-4366 (fax) ------------------------------ Date: Wed, 10 Sep 1997 10:23:46 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Stop Loss In a message dated 97-09-10 09:55:38 EDT, you write: << I would set the Stop Limit at no more than a couple of days trading range. >> This is interesting, Bill. What exactly do you do with the range? Set your stop at some point below the low of the range? Use the % range from low to high during the period? Other? - -----Db ------------------------------ Date: Wed, 10 Sep 1997 09:51:40 -0500 From: "Ricardo Bekin" Subject: [CANSLIM] ISTN Another breakout on good volume... http://biz.yahoo.com/bw/97/09/10/istn_y0003_1.html Ricardo ------------------------------ Date: Wed, 10 Sep 1997 07:52:32 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Introduction: John F. Nogueira, Jr. At 07:50 AM 9/10/97 -0400, you wrote: >I was not familiar with GECM (Genicom), thanks for pointing it out. >Just went and took a look at it at DG Online and does look >attractive. It's nr 1 in its group (Computer peripheral equip) with >good CS nrs. Growth has been steady, as has the price move from the >$6 base now up to 14. The only neg I saw was timeliness of C and >the large float compared to the issued (over 9 mil to 10 mil). On >small float stocks I prefer to see management having a vested >interest in equity and look for no more than a 50 to 75% float max. >Without knowing the history of this co, it's possible that they did >a lot of acquisitions by issuing new stock, and this might account >for the larger than average float. However, the large debt would >argue against this since they have been profitable for the past >three years. > So how does it qualify as a CANSLIM stock? Sounds like the low insider holding and high debt would disqualify it and help explain the poor volume on the breakout? Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------ Date: Wed, 10 Sep 1997 09:58:46 -0500 From: blake baysinger Subject: [CANSLIM] New Product alert This is a big one folks. Probably as cool as orbotech's new screen scanner was. Heres the headline, pick up the whole news on your news source.... Subj: Coherent Announces Worldwide Deployment of Bi-Directional Echo Canceller; Great Date: 97-09-10 08:04:23 EDT From: AOL News BCC: AyrBlake DALLAS--(BUSINESS WIRE)--Sept. 10, 1997--Coherent Communications Systems Corporation (NASDAQ:CCSC) today announced that EC Duo has been widely deployed by key customers on an international basis. Introduced in March 1997, EC Duo is the industry's first available echo canceller solution specifically designed to eliminate bi-directional noise and echo across a digital wireless network. Coherent is exhibiting at PCS '97 in Dallas, Texas, Booth 23021. "Initial sales of EC Duo have already exceeded our early forecasts," said Dan McGinnis, chief executive officer at Coherent. ------------------------------ Date: Wed, 10 Sep 1997 11:20:04 -0500 From: Joy Kyriakopulos Subject: [CANSLIM] WCOM Hello, all! As a lurker, I'm venturing out to make another post. I was the poster who asked about DEC stock. I decided to sell it in favor of trying to do better. So, I've jumped on the bandwagon of MSON and SOCR. My broker said I could do worse, and I have. To be honest I'm a little skittish because these are only the 2nd and 3rd stocks I've ever owned. In fact, I would appreciate hearing in the future if it looks like I should sell these, because my DEC habit was to hold on much longer than I should have. It's hard to admit, but I bought these as an employee in the mid-eighties. (Ouch!) However in the past year, I've been lurking alot on the internet trying to learn as much as I can, so that's why I'm finally venturing some money on what I think I've learned. I'm also wondering what you more experienced investors think about WCOM. In Yahoo, it seems to come highly recommended by investment companies, but I don't know if it's fully valued because of that. The graph looks nice and gives the impression the stock would just continue up. I want to thank everyone who commented on my last mail about DEC and also for the willingness of everyone to tolerate, and even welcome, unexperienced posters like myself. Joy Kyriakopulos joyk@fnal.gov ------------------------------ Date: Wed, 10 Sep 1997 12:31:05 -0700 From: Richard Mandel Subject: [CANSLIM] New breakouts Hi CANSLIMers: I am back after a great vacation in Italy and am trying to catch up on the market as well as in my life. I just last week jumped back into call options in a company in which I was before I went away but had sold out, namely MDCO. I have been playing around with call options with some success. While I realize that they are not long term investments,options make me feel more comfortable investing under the current market conditions and extension. Has anyone else been using options instead of buying the underlying shares. If so please share your experience either on CANSLIM (I read the digest) or by e-mail. MDCO had another breakout last week. I guess I have to say that it doesn't seem to have much follow through. In addition I did a scan yesterday with Interactive Quote looking for new highs with 200% increases in volume (Free on Internet). Their new system is not as useful as it had been previously. The old system allows you to find a universe of stocks that are within a set percentage of their one year highs (I chose 5%) along with volume breakouts but the new system allows only to choose stocks that are already making new highs. Does anyone use Interactive quote to screen for potential stocks about to breakout? In any case the ones I found are listed as follows: Symbol G/R,EPS/R,RS,A/D Sh F% Sales Inc Earn Inc Vol% AORI N/A,58,86,B 26.6 33 111,85,73,68 50,25,22,33 350 AZZ 30,95,98,A 5.8 16 23,10,19,29 60,54,83,75 250 RESP 28,86,68,B 19.7 19 28,42,46,48 22,22,18,21 200 HYSW 19,93,90,A 17.4 30 26,29,37,26 -8.-7,250,53 150 SECX -1,68,94,A 7.1 24 46,50,41,21 71,32,35,22 300 RCMT 21,91,80,A 7.1 3 125,116,99,61 183,7,100,36 200 MDCO N/A,75,93,B 51.3 31 N/A,300,300,160 93,37,73,63 N/A The approixamte B/O and current prices are: AORI 17 3/8, 16 1/2 AZZ 19 7/8,22 1/4 RESP 26 1/2, 27 HYSW 30 3/8, 31 11/16 SECX 16 3/4, 17 5/8 RCMT 11 3/4, 14 5/8 MDCO 25 7/8, 26 1/2 I will study these companies a little more carefully before making commitments and would appreciate feedback. This advice is worth what you paid for it and any advice I get in return will be scrutinized with the same in mind. Ciao, Rich ------------------------------ Date: Wed, 10 Sep 1997 10:56:45 -0600 From: "Jay Cliburn" Subject: Re: [CANSLIM] WCOM Joy, I have a special interest in WorldCom, inasmuch as it is one of the very few large corporations with headquarters in my home state of Mississippi. It is the ONLY Fortune 500 company headquartered in Mississippi. As a result, I follow its doings fairly closely. I do not own any of its stock. The following numbers come from Daily Graphs and IBD. WCOM has an excessively large float -- by CANSLIM standards anyway -- of 883.8 million shares. Funds and banks own a combined 34% of it. RS is 80. EPS is 4. Annual EPS have been choppy: 1991 0.20 1992 -0.02 1993 0.41 1994 -0.48 1995 0.64 1996 1.02 Quarterly EPS have likewise been unstable: 09/30/96 0.27 v 0.18 +50% 12/31/96 0.29 v 0.16 +81% 03/31/97 0.05 v 0.21 -76% 06/30/97 0.08 v 0.25 -68% Much of WCOM's earnings variation is related to acquitision costs. As you well know, WCOM announced a deal Monday whereby it intends to acquire Compuserve's and AOL's network infrastructure, among other things, for approximately $1.2B. Investors have reacted favorably to this news. In a larger sense, the company has been on an acquisition binge of late. Back in 94 (I think), it acquired WilTel. Last year it acquired MFS (who had recently acquired UUnet). There have been other acquisitions as well, but the WilTel/MFS/UUnet/AOL/Compuserve deals are the most notable. These most recent acquisitions are clear evidence that the company wishes to accomplish two main goals: 1. Establish a stronger foothold in local phone markets. 2. Establish a dominant position in the internet infrastructure arena. Uncertainty in the telecom industry surrounding the final implementation of the Telecommunications Act of 1996 should weigh heavily in your investment decision. Watch closely for news and court decisions related to the Act. My take on WCOM is that it'd be a good long-term play, but it really isn't a typical CANSLIM candidate. Hope this helps. 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) New telephone numbers effective 22 September 1997 (435) 797-4317 (voice) (435) 797-4366 (fax) ------------------------------ Date: Wed, 10 Sep 1997 16:18:09 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] New breakouts In a message dated 97-09-10 13:37:50 EDT, you write: << I am back after a great vacation in Italy >> First of all, Rich, drop dead Second, regarding options. I used to do a lot of this when commissions were so high and my portfolio wasn't as large. Nowadays, however, I don't see the point. Given the sharp decrease in the cost of commissions and the sometimes ridiculous premiums one has to pay for options, you might be better off just buying the shares. If your portfolio isn't very large, buy small amounts (there's no longer any penalty for this--used to be, which is another reason I tried options). Not only is it safer, but it provides excellent practice. When you feel more confident (I'm assuming you're fairly new at this; if not, my apologies), you can then take larger stakes and reap the rewards thereof. Then of course, there's the cost of the contract (the fee your broker charges, not the premium you pay for the option). Add it all up and it's not always as attractive as it seems. Just my experience. Take it FWIW. As far as MDCO goes, this should give you a nice ride. Good luck to both of us on it. - ----Db ------------------------------ Date: Wed, 10 Sep 1997 20:21:51 -0500 From: "Bill S." Subject: Re: [CANSLIM] Stop Loss Db, I look back two trading days and set my Stop Limit at the lowest price, less 1/16. If its a LLUR type chart, the % varies with the slope. I've tested some to determine % to compare with WON's recommendations and my way is a bit tighter in most instances. But then I don't fret if stopped out. If the stock is solid, $30 will get me back in the hunt, at a lower price, in most instances. Obviously, you have to be watching the action when playing with tight stops or you will miss getting back in, if there is a rebound. Bill-->> - -------------------- Dbphoenix@aol.com wrote: > > In a message dated 97-09-10 09:55:38 EDT, you write: > > << I would set the Stop Limit at no more > than a couple of days trading range. >> > > This is interesting, Bill. What exactly do you do with the range? Set your > stop at some point below the low of the range? Use the % range from low to > high during the period? Other? > > -----Db ------------------------------ Date: Wed, 10 Sep 1997 21:07:35 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Introduction: John F. Nogueira, Jr. The only CS item that I noted as less than good/excellent is the timeliness, and this is only a minor factor to me. The other items that are less than desirable (larger float, high debt) do not disqualify it against the excellent standing in the group, the chart, the RS, EPS, earnings and revenue growth, etc. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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: Tim Fisher > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Introduction: John F. Nogueira, Jr. > Date: Wednesday, September 10, 1997 10:52 AM > > At 07:50 AM 9/10/97 -0400, you wrote: > > >I was not familiar with GECM (Genicom), thanks for pointing it out. > >Just went and took a look at it at DG Online and does look > >attractive. It's nr 1 in its group (Computer peripheral equip) with > >good CS nrs. Growth has been steady, as has the price move from the > >$6 base now up to 14. The only neg I saw was timeliness of C and > >the large float compared to the issued (over 9 mil to 10 mil). On > >small float stocks I prefer to see management having a vested > >interest in equity and look for no more than a 50 to 75% float max. > >Without knowing the history of this co, it's possible that they did > >a lot of acquisitions by issuing new stock, and this might account > >for the larger than average float. However, the large debt would > >argue against this since they have been profitable for the past > >three years. > > > So how does it qualify as a CANSLIM stock? Sounds like the low insider > holding and high debt would disqualify it and help explain the poor volume > on the breakout? > > Tim Fisher > tfish@spiritone.com > 1995 President - Pacific Fishery Biologists > Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page > http://www.spiritone.com/~tfish > ------------------------------ Date: Wed, 10 Sep 1997 21:26:58 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Stop Loss In a message dated 97-09-10 00:57:03 EDT, you write: << A choice between a stop loss and a stop limit must be made on your risk tolerance, ability to lose some of your capital, your personal ability to stay in touch with the mkt, and the stock's typical spread and volatility. There is no single answer. If the stock is heading south, with no serious rally, then a stop limit may mean you will never get your sell order executed. If the stock is slipping, but in an orderly fashion, and your limit is not that far off your stop nr, then you may be executed. >> It's also worth knowing if your stop is near a major support level, in which case it may pay to focus on that level rather than a percentage or point-based stop. I may have mentioned this on this board before. If so, my apologies. I get confused. - -----Db ------------------------------ Date: Wed, 10 Sep 1997 21:16:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Times of posts Yep, it worked, my receive time is almost exactly three hours later, or the same when adjusted for the three hour time difference, so obviously my system is converting times to my local for easy reference. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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: Dan Musicant To: canslim@mail.xmission.com Subject: Re: [CANSLIM] Times of posts Date: Wednesday, September 10, 1997 8:29 AM On Wed, 10 Sep 1997 11:57:12 GMT, you wrote: :OK, I'll get the hang of this yet. For practice, note that I am :sending this at 4:57 AM, 9/10/97. : :Dan My apologies. I forgot to note that it was PDT. So, to try it again. It's now 5:29 AM, Pacific Daylight Time. Dan - ---------- ------------------------------ Date: Wed, 10 Sep 1997 21:25:48 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MSON (was WCOM) Learned something today to my regret, can't believe I missed it before. MSON (Misonix) is a small cap stock, thus is not marginable. Tried to reach the company today to see if they have plans to list NMS, will try again tomorrow. Of interest is that the CEO serves as the investor relations person, unusual to have someone that high up do this job, of course means he controls the news and "leaks". Also of late breaking news on MSON, they announced after the close a 3:2 split to take effect in October. I did learn they have a website, which I haven't visited yet, at http://www.misonix.com On WCOM, I haven't looked at a chart recently, but do know some of the brokers in my office have been buying it, however they are not TA based for the most part. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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: Joy Kyriakopulos > To: CANSLIM@xmission.com > Subject: [CANSLIM] WCOM > Date: Wednesday, September 10, 1997 12:20 PM > > Hello, all! > > As a lurker, I'm venturing out to make another post. I was the poster > who asked about DEC stock. I decided to sell it in favor of trying > to do better. So, I've jumped on the bandwagon of MSON and SOCR. My > broker said I could do worse, and I have. To be honest I'm a little > skittish because these are only the 2nd and 3rd stocks I've ever owned. > In fact, I would appreciate hearing in the future if it looks like I > should sell these, because my DEC habit was to hold on much longer > than I should have. It's hard to admit, but I bought these as an > employee in the mid-eighties. (Ouch!) However in the past year, I've > been lurking alot on the internet trying to learn as much as I can, so > that's why I'm finally venturing some money on what I think I've learned. > > I'm also wondering what you more experienced investors think about > WCOM. In Yahoo, it seems to come highly recommended by investment > companies, but I don't know if it's fully valued because of that. > The graph looks nice and gives the impression the stock would just > continue up. > > I want to thank everyone who commented on my last mail about DEC and > also for the willingness of everyone to tolerate, and even welcome, > unexperienced posters like myself. > > Joy Kyriakopulos > joyk@fnal.gov ------------------------------ Date: Wed, 10 Sep 1997 19:15:58 PDT From: "S Menon" Subject: [CANSLIM] Ticker (ARMS etc) Thought some of you might be interested: >HOW TO USE THE CNBC TICKER TO FOLLOW THE MARKET: > >The Ticker is a continuous display of numbers and >symbols that helps you understand the buying and >selling activity of each business day. > >The CNBC Ticker provides useful information about >market indices, stock prices and commodity futures. > >This guide will show you how to follow the Ticker+s >upper and lower bands, and what information you can >find on a typical business day. > > >THE UPPER BAND: > >8:00 a.m. to 9:30a.m. (ET) >An alphabetical recap of New York Stock Exchange closing >prices from the previous day's close. Commodity futures >quotes begin running at 8:00 a.m. and are shown at >:01, :11, :21, :31, :41 and :51 after the hour, >in real time. These commodity prices run until >7:30 p.m. (ET). > >9:30 a.m. to 4:00 p.m. (ET) >Display of real time stock prices, the change from the previous >day's close and volume data for selected trades on the >New York Stock Exchange. > >4:00 p.m. to 7:30 p.m. (ET) >An alphabetical recap of New York Stock Exchange closing >prices for all the stocks that traded that day with the >amount of change from the previous days close. The >commodity futures trading recap also appears. > >THE LOWER BAND: > >8:00 a.m. to 9:30 a.m. (ET) >An alphabetical recap of American Stock Exchange and >Nasdaq closing prices from the previous day's close, >punctuated by market summaries. This recap displays >all stocks that have traded at least once in the >previous 20 sessions. > >9:30 a.m. to 9:45 a.m. (ET) >CNBC's real time market summary repeats uninterrupted for >15 minutes. > >9:45 a.m. to 4:15 p.m. (ET) >CNBC's market summary reports continue along with selected >American Stock Exchange and Nasdaq stock trades. >AMEX and Nasdaq trades are delayed by 15 minutes. > >4:15 p.m. to 7:30 p.m. (ET) >An alphabetical recap of issues that traded that day on the >American Stock Exchange and Nasdaq with their changes from >the previous day's close, punctuated by market summaries. > > >TYPICAL TRADES: > >HAL 118 +1/4 .. HAL is the stock symbol, 118 is the price at >which the trade was made, +1/4 indicates the stock is up >1/4 from the previous day's close. (The "composite" close is the >last trade of the day on any of the nation's major exchanges,^M >not necessarily the stock's primary exchange.)^M >^M >CDS 15s22 -3/4 .. CDS is the stock symbol, "s" stands for >shares, so 15s designates the volume of the trade with the last two >zeroes omitted (1500 in this example), 22 is the price, -3/4 >indicates the stock is down 3/4 from the previous day's close. > >NCR 11.000s55 .. NCR is the stock symbol, 11.000s >designates the volume of the trade (zeroes are not omitted >if the volume is over 10,000 shares), 55 is the price. > >Stock prices are expressed in U.S. Dollars and fractional >parts of U.S. Dollars. For example, a stock price of >26-1/2 equals $26.50. Fractions are written out on the >ticker except for sixteenths, which are designated using >an apostrophe. For example, 2'3 +'5 on the ticker equals >2-3/16, up 5/16. > >A "class" of a company+s shares are indicated by a period >and the letter corresponding to the class. Thus, VIA.B >are the Class "B" shares of Viacom. (Some companies >issue separate -classes- of stock with specific rights >or characteristics. For example, different classes may >have different voting rights.) > >Preferred shares are designated with a PR after the >symbol. For example, Fpr would be used for Ford+s >preferred shares. FprB indicates Ford+s Class B >preferred shares. (Preferred shares give their owner >a claim ahead of common stockholders to a company+s >earnings and assets. They generally pay a fixed >dividend that+s determined when the shares are issued.) > >The letters "WI" after a stock symbol indicates >"when issued" trading. That+s trading between the >time a new security is announced and the time when >certificates are actually issued. > >Due to the large number of trades, the ticker is unable >to show every transaction. Our computer selects which >trades to show, based on factors including the number of >shares and the movement in price from the previous trade. >The larger the volume or the price movement, the greater >the chances that the trade will be included on the ticker. > > >COMMODITY FUTURES SYMBOL GUIDE: > >The first two letters of a Commodity Symbol indicate the >name of the Commodity. (There are a few commodities with >one-letter symbols) The third number indicates the month >of the contract for that commodity. > >Commodity Sym. Commodity Sym. > -------------- ----- ------------- ----- >S&P 500 SP Platinum PL >S&P 400 MD Palladium PA >Russell 2000 RL Copper HG >NYSE Index YX Corn C >Nasdaq 100 ND Wheat W >Nikkei 225 Ind. NK Soybeans S >Value Line KV Soybean Oil BO >T-Bonds US Soybean Meal SM >T-Bills TB Oats O >Eurodollars ED Live Cattle LC >Federal Funds FF Feeder Cattle FC >2-Year T-Note TU Goldman Sachs >5-Year T-Note FV Commodity Index GI >10-Year T-Note TY Live Hogs LH >Libor 1-month EM Pork Bellies PB >Muni-Bonds MB Cotton CT >Dollar Index DX Lumber LB >Swiss Franc SF Crude Oil CL >Deutschemark DM Heating Oil HO >Japanese Yen JY Unleaded Gasoline HU >British Pound BP Natural Gas NG >Canadian Dollar CD Sugar SB >Australian Dollar AD Coffee KC >CRB Index CR Cocoa CC >Gold GC Orange Juice JO >Silver SI > > > >Month Due Symbol Month Due Symbol > ---------------- ------ ------------- ------ >January F July N >February G August Q >March H September U >April J October V >May K November X >June M December Z > > > > >GLOSSARY OF MARKET SUMMARY COMPONENTS: > > >Stock Exchanges > >New York Stock Exchange: The NYSE is also known as the >Big Board. Listing more than 3,275 stocks, the NYSE >generally lists the oldest, largest and best-known >companies in the United States. Stocks are exchanged on a >trading floor located on Wall Street in New York City. > >The Nasdaq Stock Market: Includes the Nasdaq Stock Market >and Nasdaq National Market, or NNM. There is no physical >exchange where stocks are traded. Instead, prices are >determined and trades are made on computer screens at >brokerages around the country. The Nasdaq Stock Market is >not synonymous with the over-the-counter market. The more >than 5,000 Nasdaq-listed companies trade in a highly >structured environment which has listing standards, >real-time trade reporting, corporate governance >requirements, affirmative obligations for market makers, >execution services and automatic linkages with clearance >and settlement facilities. This cannot be said of the >approximately 5,000 OTC securities. > >American Stock Exchange: Listing approximately 940 stocks, >the AMEX lists smaller, younger companies. The AMEX >trading floor is in New York City. > > >Futures Exchanges (Chicago) > >Chicago Board of Trade (CBT): Grains, bonds and short-term >interest rates. > >Chicago Mercantile Exchange (CME): Livestock, currencies >and stock index futures. > > >Futures Exchanges (New York) > >The Commodities Exchange (COMEX): Precious Metals, Copper >and Aluminum > >New York Cotton Exchange (NYCE): Cotton and Dollar Index > >New York Mercantile Exchange (MERC): Petroleum and >Precious Metals > >Coffee, Sugar and Cocoa Exchange (CSCE) > > >INDICES, AVERAGES AND OTHER MARKET INDICATORS IN THE CNBC >MARKET SUMMARY > >DJIA: The Dow Jones Industrial Average, also referred >to as "The Dow." The Average is calculated using a >formula and the common stock prices of 30 major U.S. >industrial companies listed on the New York Stock >Exchange. > >TRAN: The Dow Jones Transportation Average is >calculated using the prices of 20 airline, trucking and >railroad company stocks. > >UTIL: The Dow Jones Utility Average is a group of 15 >gas, electric and power company stocks. > >DJCOMP: The Dow Jones 65 Composite Average is calculated >from the average of all the stocks in the Dow Jones >Industrial, Transportation and Utility Averages. > >S&P 500: The Standard & Poor's 500 Index is calculated >using the stock prices of 500 relatively large companies >as measured by capitalization. (Capitalization is the >value of a company as measured by the market price of its >common shares multiplied by the total number of shares >that have been issued.). The S&P 500 is widely used as >an indicator of stock market trends and for futures >trading strategies. The Index is market-weighted, which >means the component stocks affect the Index in direct >proportion to the dollar value of the shares outstanding. >The components of the Index can change, as S&P adds or >deletes stocks to reflect changing conditions. > >The Standard & Poor's 500 is also broken down into >smaller industry segments which are monitored separately. >These segments are industrial (400 companies), >transportation (20 companies), utilities (40 companies) >and financial (40 companies.) > >PREM and FV: The PREM Value Index and Fair Value are >useful in determining when computer driven "buy" >or "sell" programs are likely. Through computer >programs, traders take advantage of premiums or >discounts between the current price of stocks >and stock index futures. Comparing the actual >index to the futures contract, a trader will >quickly sell the more expensive of the two and >buy the less expensive. This computer-based >activity (known as "program trading") can often >accentuate sudden swings in the price of certain >stocks, or cause dramatic shifts in the entire market. >Fair Value is a figure calculated once each day. >It+s what traders believe is the "proper" or >"fair" difference between the current price >of stocks and futures, based on interest rates >and other factors. > >In general, when the PREM is significantly >higher than the Fair Value, buy programs are >likely to occur. When the PREM is significantly >lower, sell programs are likely. As a contract >moves toward expiration, the difference between >the future and cash price will diminish. >As a result, the premium or discount needed >for a buy or sell program will also get smaller. > >30-YR YLD: The yield of the most recently issued 30-year >U.S. Treasury Bond. This is widely used as a benchmark >for long-term interest rates. Due to limited data >availability, it is only shown between 9 a.m. and 3 p.m. >Eastern. > >XMI: The Major Market Index is a price-weighted index of >20 stocks. It is the basis for options traded at the >AMEX and futures traded at the Chicago Board of Trade. > >OEX: Known as the S&P 100, this is used by the Chicago >Board Options Exchange to trade stock index options. > >NYSE: The NYSE Composite Index, a capitalization- >weighted index of all common stocks listed >on the New York Stock Exchange, is the basis for options >and futures traded on the New York Stock Exchange. > >TICK: This is a very short-term trading indicator. It >is the difference between the number of NYSE stocks >trading at a price higher than the previous trade >("uptick") and the number of stocks trading at a lower >price than the previous trade ("downtick"). That is, >TICK = Number of stocks moving higher minus the number of >stocks moving lower. A large positive tick (the number >usually ranges between -600 and +600) generally means the >market is attracting more buyers than sellers. The >opposite is true of a large negative number. The >direction of the tick is important. If it is moving in >a positive direction, (-100, 0, +150), it means the >market is moving upward. If the tick is moving in a >negative direction (+100, 0, -150), it means the market >is going down. > >ARMS: This used to be called the Trin, or the >short-term trading index. It is the ratio of the >quotient of advancing issues divided by declining issues >and up volume divided by down volume. > > Advancing Issues / Up Volume > -------------------------------- = ARMS Index > Declining Issues / Down Volume > >The direction of the ARMS Index is most important. >A falling ARMS signals a strong market, >while a rising ARMS suggests weakness ahead. >The normal range is from 0.5 to 2.0. > >NY ADV: The number of stocks on the New York Stock >Exchange that have increased in price from the previous >day's close. > >DEC: The number of NYSE stocks that have decreased in >price from the previous day's close. > >UNCH: The number of NYSE stocks trading at the same >price as the previous day's close. > >NY VOL UP: The number of shares that have been traded >for NYSE stocks that have increased in price from the >previous day's close. > >DN: The number of shares that have been traded for NYSE >stocks that have decreased in price from the previous >day's close. > >TOT: The total number of shares that have been traded in >NYSE stocks during the current trading day. > >VAL: The Value Line Index is an arithmetic average of >1700 stocks compiled by Value Line. It is the basis for >options traded on the Philadelphia Board of Options >Exchange. > >MID: The S&P MidCap 400 Index is calculated using the >price of 400 medium-sized U.S. companies. > >WSX: The Wilshire Small Cap Index measures the >performance of companies with relatively small >capitalizations. It is a market-weighted index that >includes 250 stocks, chosen on the basis of their market >capitalization, liquidity and industry group >representation. The Small Cap Index originates from the >Wilshire Next 1750 Index, a benchmark for institutional >investors in the small cap sector. > >SOX: The Philadelphia Stock Exchange's Semiconductor >Sector index measures the performance of some of the >largest and most widely-held U.S. computer chip stocks. >This price-weighted index is made up of 16 stocks, >including Intel, Micron Technology and Texas Instruments. > >MSH: The Morgan Stanley High-Technology 35 Index is >designed to measure the performance of the electronics- >based technology industry. Hewlett-Packard, IBM and >Microsoft are among the 35 stocks in this >equal-dollar weighted index. > >BKX: The Philadelphia Stock Exchange/Keefe, Bruyette & >Woods Bank Sector index is composed of stocks >designed to represent national money center banks and >leading regional institutions. It is a capitalization- >weighted index. BancOne, Citicorp and Wells Fargo are >among the 24 stocks in this index. > >CRB: The Bridge Commodity Research Bureau Price >Index tracks 17 commodities. A decline in the CRB >indicates commodities prices are falling, which can signal >lower inflation and interest rates, possibly leading to >higher bond prices. > >XOI: The AMEX Oil Index includes 16 oil stocks. An >increase can indicate rising oil prices, which may lead >to increased inflation. > >XAU: The Gold and Silver Index is comprised of seven >stocks on the New York and American Stock Exchanges. Some >investors consider gold to be a "safe haven." As a result, >its price often goes up in times of inflation, >international finance crises and threats of war. > > >AMEX AND NASDAQ SUMMARIES: > >These summaries provide information about each of these >exchanges, including the number of advancing and declining >issues and up and down volume. > >AMEX: The American Stock Exchange AMEX Composite Index >includes all common stocks listed on the American Stock >Exchange. > >NMS COMP: Nasdaq's National Market System Composite is >an index of all issues traded over-the-counter on the >Nasdaq National Market System > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------ End of canslim Digest V1 #289 ***************************** 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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