From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #69 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Friday, December 26 1997 Volume 02 : Number 069 In this issue: Re: [CANSLIM] Divergence. Re: [CANSLIM] Market Indicators [CANSLIM] unsubscribe [CANSLIM] remove [CANSLIM] unsubscribe [CANSLIM] Happy Holidays to all Re: [CANSLIM] Happy Holidays to all Re: [CANSLIM] unsubscribe [CANSLIM] Second Intro Re: [CANSLIM] Second Intro Re: [CANSLIM] Divergence. Re: [CANSLIM] Divergence. ---------------------------------------------------------------------- Date: Wed, 24 Dec 1997 16:53:51 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Divergence. Connie, does fresh buying to create (or add to existing) long positions have any different effect than does buying to close out a short position? 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 - -----Original Message----- From: Connie Mack Rea To: canslim Date: Wednesday, December 24, 1997 9:31 AM Subject: [CANSLIM] Divergence. >Members-- > >A few have asked me about an observation they have seen: Why [and how] >does stock volume and money flow diverge from price. This is one of the >on a year chart, that OBV and money flow correlate positively. The >price rises as OBV and money flow rises. Nothing surprising here. > >Pull up a year chart on ZTEC. Notice how in the last 2-3 months that >price has significantly retreated while OBV and money flow have risen >and remained strong. This is a bullish divergence that implies that >there is internal pressure for the stock to increase in price. > - - ------------------------------ Date: Wed, 24 Dec 1997 17:03:23 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Market Indicators I predicated my "my sooner" primarily on the oversold conditions of both NYSE and NASDAQ, as well as the fact that those that sold a losing position for tax reasons early (say mid Nov) are now in a position to buy it back if they still really like it, and don't want the hassle of a "wash sale". This could potentially create net buying, along with the fact that both NYSE and NASDAQ reported increased short totals for mid Dec (NYSE was another record, and both showed increased days to cover needed). What may also aid the stock mkt is the financial events in Asia where S. Korea will be getting $10 bil from IMF plus more from G-7 over the next several months, but Japan is still having problems and there are concerns of them selling US Treasuries, reducing the attaction as a safe haven unless yields rise back up around the 6.25% level. Thus money may start flowing out of the bond mkt back into equities at any time, both to lock in profits as well as to "bottom fish" the stock mkt. 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 - -----Original Message----- From: Dave Cameron To: canslim@lists.xmission.com Date: Wednesday, December 24, 1997 3:40 PM Subject: Re: [CANSLIM] Market Indicators >Tom Worley wrote: >> >> Looking at the charts for NYSE and NASDAQ this AM, looks to me like we are >> either effectively bottoming, or ready for a MAJOR correction, esp in >> NASDAQ. The overbot/sold indicator (per DG Online) for NASDAQ is as bad as >> that logical). But I suspect a lot of the selling frenzy could be coming to >> an end, and buying start picking up after the holidays or even sooner, so >> time to sharpen your reviews and pay attention more closely to your >> favorites. >> >Tom, I'm not convinced about the "even sooner" part. I think more likely >after 1/2/98 mainly for reasons stated above. > - - ------------------------------ Date: Wed, 24 Dec 1997 16:33:10 -0800 From: mgw Subject: [CANSLIM] unsubscribe unsubscribe canslim - - ------------------------------ Date: Wed, 24 Dec 1997 16:33:52 -0800 From: mgw Subject: [CANSLIM] remove remove - - ------------------------------ Date: Wed, 24 Dec 1997 16:34:37 -0800 From: ming wu Subject: [CANSLIM] unsubscribe unsubscribe - - ------------------------------ Date: Thu, 25 Dec 1997 00:08:15 EST From: SACADS Subject: [CANSLIM] Happy Holidays to all Just a short note to wish all the best of holidays and a happy and profitable new years. Thanks for all the wisdom and direction over the last couple of month. Greg - - ------------------------------ Date: Thu, 25 Dec 1997 00:24:00 +0000 From: Brad Miller Subject: Re: [CANSLIM] Happy Holidays to all Likewise to all. Merry Christmas and a prosperous and happy New Year! Brad SACADS wrote: > Just a short note to wish all the best of holidays and a happy and > profitable > new years. Thanks for all the wisdom and direction over the last > couple of > month. > > Greg > > - - - ------------------------------ Date: Thu, 25 Dec 1997 08:03:20 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] unsubscribe I keep seeing people wanting to unsubscribe by posting to the entire group instead of following Jeff's instructions on how to do so. In my innocence, I am hoping these are all members converting to the digest version so they don't get so much email, rather than ones giving up entirely on CANSLIM. If so, it troubles me particularly that most often they come from members who have not been posting comments or questions. This is one of the very few forums I have found on the net where a true novice can ask a "dumb" question, and get a mature, adult answer instead of a flame. Very little is asked of members of this group, simply read O'Neill's book, and introduce yourself. The archives are available to browse, and contain vast and valuable info from past discussions. Even when a question is asked that has been answered many times before, some group member is usually courteous enough to answer it yet again, and politely. If someone has joined this group thinking CANSLIM is right for them, or at least wanted to try it out, and engaged in discussions and questions, and found it just doesn't suit them, then I could understand. But I keep seeing "unsubscribe" from lurkers and other non-active members. Don't be bashful, if you are serious about directing your own investment portfolios instead of being led by a broker, then the way to learn is to ask questions, suggest stocks you think are good CS candidates, look at charts of stocks others suggest (and express your opinion about them), etc. We all learn the most when our opinion (esp mine) is challenged. CANSLIM is not right for everyone, but one thing that I have learned from it is that it sharpens your investment skills no matter what investment approach you use, including day trading, value shopping, or even penny stocks. 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 - -----Original Message----- From: mgw To: canslim@lists.xmission.com Date: Wednesday, December 24, 1997 7:39 PM Subject: [CANSLIM] unsubscribe >unsubscribe canslim > >- > - - ------------------------------ Date: Thu, 25 Dec 1997 21:38:33 +0800 From: Viv Tansley Subject: [CANSLIM] Second Intro Hi, My name is Viv Tansley, I am 24 yrs old and am working in the hospitality industry. I currently reside in Perth, Western Australia. I learnt of canslim two years ago in America when i saw my first (and last) copy of the IBD and brought WON´s HTMMIS. I introduced myself a couple of days ago but it appears i did something wrong!. I have been "lurking on the sidelines" and i have to say that it is a great group and a great help for outsiders (overseas, no IBD). I use Daily Graphs Online for canslim as i gather there is no other canslim-related research tool on the internet. One stock that i have been watching over the last couple of weeks is UVSGA, in my Novice eyes it appears to be a almost perfect canslim candidate (except the N) I think it is in a base?and the industry (Media -Radio-tv) has been steadily moving up. Does anyone have any comments on it?. I am Looking forward to be more involved with this group (instead of Lurking) Merry Christmas Viv Tansley - - ------------------------------ Date: Thu, 25 Dec 1997 08:56:25 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Second Intro Merry Christmas, Viv, and glad you are enjoying the group. And thanks for the intro, glad to see we have another member from "Down Under". On UVSGA, definitely has a nice base, doesn't appear overvalued, and like= ly to meet its full year projections. I note the 1998 earnings forecast (already up 26% over this year) was increased on the latest change, which bodes well. I do note an up/down vol ratio of only 0.7, which along with = the low RS of 81 compared to the strong earnings growth suggests its not in f= ull favor right now. Needs to show some vol increases before it becomes a buy= , but well worth watching meanwhile. I like the strong management ownership (52%), but do note that revenues are not increasing anywhere near what earnings are doing. This may account for the relatively low RS compared t= o EPS. I also note the new CEO 6/97, almost always a plus as well. Any statements or opinions are strictly my own and not that of my employe= r. 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 - -----Original Message----- From: Viv Tansley To: canslim@xmission.com Date: Thursday, December 25, 1997 8:40 AM Subject: [CANSLIM] Second Intro >Hi, My name is Viv Tansley, I am 24 yrs old and am working in the >hospitality industry. I currently reside in Perth, Western Australia. I >learnt of canslim two years ago in America when i saw my first (and >last) copy of the IBD and brought WON=B4s HTMMIS. I introduced myself a >couple of days ago but it appears i did something wrong!. >I have been "lurking on the sidelines" and i have to say that it is a >great group and a great help for outsiders (overseas, no IBD). I use >Daily Graphs Online for canslim as i gather there is no other >canslim-related research tool on the internet. >One stock that i have been watching over the last couple of weeks is >UVSGA, in my Novice eyes it appears to be a almost perfect canslim >candidate (except the N) I think it is in a base?and the industry >(Media -Radio-tv) has been steadily moving up. Does anyone have any >comments on it?. >I am Looking forward to be more involved with this group (instead of >Lurking) > >Merry Christmas > >Viv Tansley > > >- > - - ------------------------------ Date: Thu, 25 Dec 1997 14:03:08 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Divergence. On Wed, 24 Dec 1997 09:30:16 -0500, you wrote: ...OBV and money flow... : :Connie Mack What is OBV? - -Dan Musicant - - ------------------------------ Date: Fri, 26 Dec 1997 02:13:43 EST From: SACADS Subject: Re: [CANSLIM] Divergence. Seems like only yesterday I was asking Connie the same thing. Wow I'm aging. I hope Connie won't be offended by my trying to answer this for you. OBV= On Balance Volume. It is an indicator that relates volume to price change. OBV shows if volume is flowing in or out of a stock. To learn more about this and other indicators study Bigcharts.com. One of my favorite interactive chart places. There is a lot you can learn in the interactive charts. Once you've assigned a symbol and the indicators you desire the chart appears. On the bottom of the chart click on chart help. It will give you an explanation of the indicators you have chosen. Keep changing you indicators and learn about them all. Hope this helps. Thanks Connie. I did pay attention. Greg - - ------------------------------ End of canslim-digest V2 #69 **************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.