From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #76 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Saturday, January 3 1998 Volume 02 : Number 076 In this issue: Re: [CANSLIM] Stocks to learn from. [CANSLIM] Sending large files to the canslim group [CANSLIM] Thanks to all Re: [CANSLIM] Thanks to all [CANSLIM] Re: canslim-digest V2 #75 [CANSLIM] Connie's LOGN and TAVI [CANSLIM] Re: low volume stocks Re: [CANSLIM] Connie's LOGN and TAVI Re: [CANSLIM] Re: low volume stocks [CANSLIM] Accessing the discussion canslim archives... ---------------------------------------------------------------------- Date: Fri, 2 Jan 1998 08:39:32 EST From: Eccless Subject: Re: [CANSLIM] Stocks to learn from. In a message dated 97-12-31 09:25:10 EST, Connie writes regarding Logansport Financial Corp. (LOGN): << Note how price is being controlled by someone. If you can rely on the control, there is easy money for the trader. >> I'm staring at the charts of LOGN I printed from BigCharts.com with the indicators you mentioned. I don't see how you infer that the "price is being controlled by someone." How do arrive at that conclusion? I'm sure its something so obvious that I'm going to feel stupid if you tell us. But I'll risk that. By the way, how would someone control the price? Douglas Herman - - ------------------------------ Date: Fri, 02 Jan 1998 08:00:06 -0700 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Everyone, >From time to time, you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". See ftp instructions below. 2. Send mail to me directly at "jeff.salisbury@sdl.usu.edu" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the canslim directory where people will be able to download your file. 3. After I notify you that the file has been moved to the canslim directory, you should send an email to the canslim group describing your file, and its URL (i.e. ftp://chaos.csd.sdl.usu.edu/pub/canslim/GreatBoom.gif). Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury =========================================================================== FTP Instructions: 1. Using Netscape, go to the URL: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. - - ------------------------------ Date: Fri, 2 Jan 1998 10:56:57 -0600 From: "Jerry Buchheit" Subject: [CANSLIM] Thanks to all I want to thank Tom, Dan, Peter and Greg (SACADS) for the advice and encouragement regarding my holding on to stocks 'that just couldn't fail'. It is disappointing to watch companies that are darlings of the market turn and go southward just when you purchase them! I have come to respect the collective wisdom of this group. I am encouraged by the fact that several people have made similar mistakes as I (ignoring the stop-loss discipline) and learned from it and continued on. With the New Year holiday, it is appropriate to learn from the past and anxiously anticipate the future. Best wishes for a prosperous 1998! Jerry B. - - ------------------------------ Date: Fri, 2 Jan 1998 12:11:19 EST From: SACADS Subject: Re: [CANSLIM] Thanks to all I assume you got your stops in place! : - ) - - ------------------------------ Date: Fri, 2 Jan 1998 06:27:01 -0700 From: carolreynolds@juno.com Subject: [CANSLIM] Re: canslim-digest V2 #75 For a discount broker, try Scottsdale Securities. $9.00 a trade on the web. - - ------------------------------ Date: Fri, 02 Jan 1998 15:03:54 -0700 From: "Joe J." Subject: [CANSLIM] Connie's LOGN and TAVI Just a quick comment for those of us following what Connie Mack Rea is posting... I guess I'm somewhat confused here. Connie had previous made the comment that he tends to only trade high volume stocks which trade at least 300,000 shares a day. Look at LOGN's and TAVI's volume. It is almost nil! With Connie looking for 1/2 point moves in a stock, he has to be trading 500 or 1000 shares to even make it worth his time. With this size order, he is really at great risk in my opinion. I agree with a lot of what Connie preaches (even though it is not CANSLIM) but, day trading thinly traded stocks just seems like a dangereous game to me. Joe J. - - ------------------------------ Date: Fri, 2 Jan 1998 18:56:47 -0500 From: "sboone" Subject: [CANSLIM] Re: low volume stocks In my humble opinion, low volume stocks are a BLACK HOLE, and subject to pump and dump. tooooooooo much risk, for too little gain. once bitten, twice shy - -----Original Message----- From: Joe J. To: canslim@lists.xmission.com Date: Friday, January 02, 1998 5:11 PM Subject: [CANSLIM] Connie's LOGN and TAVI >Just a quick comment for those of us following what Connie Mack Rea is >posting... > >I guess I'm somewhat confused here. Connie had previous made the >comment that he tends to only trade high volume stocks which trade at >least 300,000 shares a day. Look at LOGN's and TAVI's volume. It is >almost nil! With Connie looking for 1/2 point moves in a stock, he has >to be trading 500 or 1000 shares to even make it worth his time. With >this size order, he is really at great risk in my opinion. > >I agree with a lot of what Connie preaches (even though it is not >CANSLIM) but, day trading thinly traded stocks just seems like a >dangereous game to me. > >Joe J. > >- > - - ------------------------------ Date: Fri, 2 Jan 1998 19:44:46 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Connie's LOGN and TAVI I agree, much as I like (and have money on) thinly traded stocks, I would never try to day trade them. If it happened that way, fine, but that would not be why I would have bot it. I will be interested to hear from Connie on this question. 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: Joe J. To: canslim@lists.xmission.com Date: Friday, January 02, 1998 5:03 PM Subject: [CANSLIM] Connie's LOGN and TAVI >Just a quick comment for those of us following what Connie Mack Rea is >posting... > >I guess I'm somewhat confused here. Connie had previous made the >comment that he tends to only trade high volume stocks which trade at >least 300,000 shares a day. Look at LOGN's and TAVI's volume. It is >almost nil! With Connie looking for 1/2 point moves in a stock, he has >to be trading 500 or 1000 shares to even make it worth his time. With >this size order, he is really at great risk in my opinion. > >I agree with a lot of what Connie preaches (even though it is not >CANSLIM) but, day trading thinly traded stocks just seems like a >dangereous game to me. > >Joe J. > >- > - - ------------------------------ Date: Fri, 2 Jan 1998 19:56:16 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Re: low volume stocks Not every low volume stock is a "pump and dump" situation. Certainly the lack of liquidity increases risk, but you're not going to get high vol on a stock with only a million or so shares in the float unless something is going on good or bad, manipulation or not. I've seen a lot of "pump and dump" stocks over the years, and been the victim of several as well, which was one reason I gradually shifted to CANSLIM. If a company has a small float yet good CS elements, esp rapidly growing rev and earnings, it will eventually be discovered, vol will pick up, price will gain, eventually it will do a split, there will be more shares trading, and the liquidity problem will ease. I don't mind a long term hold on a good company that continues to do well, and under the new Order Display rules, the problem of typical large spreads found with thinly traded stocks has been mostly cured. At least your order can be seen by the mkt now. They're not for all investors, and definitely require patience and looser stops, but the upside is that they can move nicely up on very little volume, just as they can move down easily. 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: sboone To: canslim@lists.xmission.com Date: Friday, January 02, 1998 6:57 PM Subject: [CANSLIM] Re: low volume stocks >In my humble opinion, low volume stocks are a BLACK HOLE, and subject to >pump and dump. tooooooooo much risk, for too little gain. > once bitten, twice shy >-----Original Message----- >From: Joe J. >To: canslim@lists.xmission.com >Date: Friday, January 02, 1998 5:11 PM >Subject: [CANSLIM] Connie's LOGN and TAVI > > >>Just a quick comment for those of us following what Connie Mack Rea is >>posting... >> >>I guess I'm somewhat confused here. Connie had previous made the >>comment that he tends to only trade high volume stocks which trade at >>least 300,000 shares a day. Look at LOGN's and TAVI's volume. It is >>almost nil! With Connie looking for 1/2 point moves in a stock, he has >>to be trading 500 or 1000 shares to even make it worth his time. With >>this size order, he is really at great risk in my opinion. >> >>I agree with a lot of what Connie preaches (even though it is not >>CANSLIM) but, day trading thinly traded stocks just seems like a >>dangereous game to me. >> >>Joe J. >> >>- >> > > >- > - - ------------------------------ Date: Sat, 03 Jan 1998 08:00:07 -0700 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... >From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. Here are the two ways to access the archives: 1. (BEST way) via your web browser at: ftp://ftp.xmission.com/pub/lists/canslim/ Click on either "archive" or "latest" and browse away. 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - - ------------------------------ End of canslim-digest V2 #76 **************************** 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.