From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1004 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Sunday, September 17 2000 Volume 02 : Number 1004 In this issue: [CANSLIM] Fwd: Website Updated [CANSLIM] DGO List - Part Two [CANSLIM] Earnings Calendar DGO List - Part One & Two [CANSLIM] O'neal seminar thoughts. Re: [CANSLIM] O'neal seminar thoughts. Re: [CANSLIM] O'neal seminar thoughts. Re: [Fwd: [CANSLIM] O'neal seminar thoughts.] Re: [CANSLIM] DGO List - Part One [CANSLIM] (no subject) [CANSLIM] test ---------------------------------------------------------------------- Date: 16 Sep 2000 07:54:00 -0700 From: "Tim Fisher" Subject: [CANSLIM] Fwd: Website Updated >Ianforum.com - http://www.ianforum.com > >http://www.ianforum.com/markets.htm > >The Nasdaq and the Dow are selling off on increasing volume. The top >chart shows the next areas of support; the Nasdaq is only 85 points above >its short term support area of 3750. If it fails to hold at 3750 or above, >the next support level is around 3600. The Nasdaq's advance/decline line >is heading down, while the NYSE's advance/decline line is flat. > >The Nasdaq rallied on Wednesday, and tried to on Thursday, but those who >bought the early strength ended with a losing day. This is clearly a >dangerous market; be careful if you must play. > >The index is trading well below the 17, 50 and 200 Day Moving Averages, so >HGS Investors should be in their foxholes looking for Mattress Stuffers, >and locating the strongest RS groups and stocks which will be the first to >go higher when the market turns up. Going long stocks before the down >trendline is broken to the upside is dangerous unless you are buying >Mattress Stuffers. Make sure the Mattress Stuffers are headed up and are >showing signs of accumulation. > >The Cha Cha Cha surrogate has held up relatively well compared to the >Mattress Stuffer surrogate. Take a look at the Wilder 3 week RS and note >that the Russell 2000 and the Indi 500 small cap indexes are relatively >stronger than the rest of the market. This could mean when this market >finds a bottom, some of the best opportunites will be in the Small to >Mid-Cap stocks if their RS remains strong. > >In the bottom chart, the both Accumulation/Distribution Indicators are >showing heavy distribution, and the MACD, a trend following indicator, is >on a strong sell signal. > >Have a good week. > >Ron - - ------------------------------ Date: Sat, 16 Sep 2000 11:14:05 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO List - Part Two PHM - B2 BRCD - B3 MDC - B5+ MER - B5+ FRED - B3 PSFT - B1+ UNH - B5 PVA - B2 MFC - B2+ MK - B2 APA - B2 INFA - B2+, 2ndary pends HP - B5 BKI - tight 8 week base, vol spike on Friday DFG - B6+ Not surprising, a lot of oil and oil related service cos are still showing up in unusually large numbers. I also noted a lot of small cups formed over the past six weeks where the handle is now appearing one to two weeks long, but well above the left side of the rim. Suggests to me some short term resistance or consolidation is already well in progress. Happy hunting, Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------ Date: Sat, 16 Sep 2000 12:33:05 -0500 From: Kent Norman Subject: [CANSLIM] Earnings Calendar DGO List - Part One & Two Here are the estimated earnings dates per Excite.com NTAP 11/21/2000 PCCC 10/17/2000 SKX 10/26/2000 ACRT 10/09/2000 PWER 10/25/2000 PDII 11/06/2000 OCA 10/26/2000 TBL 10/12/2000 EMC 10/18/2000 GBCB 10/13/2000 ACF 10/11/2000 BRL 10/19/2000 AGE 09/18/2000 TA 10/18/2000 SKYW 10/24/2000 MME 10/08/2000 CAKE 10/19/2000 WFT 10/23/2000 ENGL 11/21/2000 SLOT 10/25/2000 HDI 10/11/2000 AZA 10/19/2000 PHM 10/24/2000 BRCD 12/11/2000 MDC 10/17/2000 MER 10/10/2000 FRED 11/21/2000 PSFT 10/17/2000 UNH 11/08/2000 PVA 10/18/2000 MFC 11/13/2000 MK 09/28/2000 APA 10/26/2000 INFA 07/20/2000 ???? HP 11/09/2000 BKI 10/18/2000 DFG 10/25/2000 Happy Hunting Kent - ----- Tom Worley wrote: > > PHM - B2 > BRCD - B3 > MDC - B5+ > MER - B5+ > FRED - B3 > PSFT - B1+ > UNH - B5 > PVA - B2 > MFC - B2+ > MK - B2 > APA - B2 > INFA - B2+, 2ndary pends > HP - B5 > BKI - tight 8 week base, vol spike on Friday > DFG - B6+ > > Not surprising, a lot of oil and oil related service cos are > still showing up in unusually large numbers. I also noted a lot > of small cups formed over the past six weeks where the handle is > now appearing one to two weeks long, but well above the left side > of the rim. Suggests to me some short term resistance or > consolidation is already well in progress. > > Happy hunting, > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > - - - ------------------------------ Date: Sat, 16 Sep 2000 15:03:40 -0700 From: "Bill Triffet" Subject: [CANSLIM] O'neal seminar thoughts. Just got back from the WON seminar here in LA. It was a packed house! The fire Marshall came and folks left standing had to leave. They gave everyone a refund for the inconvenience. Most of what he covered was the usual info found in HTMMIS and 24 Esssential Lessons. Also, not to forget a sales pitch from TC2000 ( I may try it out). Their were a few interesting things brought up. During the question/answer period, the rule about letting the stock run after it hits 20% in a short time was discussed. The problem is that lately many stocks are returning right back to their b/o or below. O'neal attributed this to the general market conditions. Also made mention that one should be holding the very best right now. I take that as going for stocks in the 99 99 AAA range eh? What about us working folks? Something he recommended was to use a paging service to catch the mid-day breakouts. During the weekend, write down the pivot price needed and the expected volume rise needed. Then, when it hits the proper pivot check the volume at that time. If it's 9:30, that's 1/6th of the trading day volume. While it's not the most accurate way, it does provide for those of us who must work for a living. I'm going to try out Fidelity's service and see how it works. Just need to select the proper paging device. A few things that he reminded us of: - -He doesn't use stop loss orders. - Most important for big lot size traders due to the SEC filing red flag. - -Doesn't use trailing stops. - -Mentioned 3 years annual earnings instead of 5. - I think most of us have adapted to this already. - -Volume is not an indicator when an exhaustion gap occurs. Use channel lines to verify the gap-up. - -IBD's Mutual Funds New Buys list can be used to show buying trends is i.e. - telecom, software, etc...This was suggested when a person asked about how recent this info is. - -Ignores P/E except to calculate how much a stock can rise. (The room got a chuckle out of that one.) Note: An updated How to Make Money in Stocks will be released sometime early next year. Overall, if not the most technical seminar it was very motivational. - -Bill - - ------------------------------ Date: Sat, 16 Sep 2000 18:03:30 -0500 From: Kent Norman Subject: Re: [CANSLIM] O'neal seminar thoughts. One way to get a paging service is to open an Etrade account. You can setup alerts to email or pager. Many cell phones can receive brief text messages. I am not sure how timely the alerts are since I was seldom near a computer. One tip, close all your alerts before you close your account. I am still getting volume alerts to my pager long after I closed my account. Regards Kent Norman Bill Triffet wrote: < SNIP...> > What about us working folks? Something he recommended was to use a paging > service to catch the mid-day breakouts. During the weekend, write down the > pivot price needed and the expected volume rise needed. Then, when it hits > the proper pivot check the volume at that time. If it's 9:30, that's 1/6th > of the trading day volume. While it's not the most accurate way, it does > provide for those of us who must work for a living. I'm going to try out > Fidelity's service and see how it works. Just need to select the proper > paging device. > > A few things that he reminded us of: > -He doesn't use stop loss orders. - Most important for big lot size traders > due to the SEC filing red flag. > -Doesn't use trailing stops. > -Mentioned 3 years annual earnings instead of 5. - I think most of us have > adapted to this already. > -Volume is not an indicator when an exhaustion gap occurs. Use channel lines > to verify the gap-up. > -IBD's Mutual Funds New Buys list can be used to show buying trends is > i.e. - telecom, software, etc...This was suggested when a > person asked about how recent this info is. > -Ignores P/E except to calculate how much a stock can rise. (The room got a > chuckle out of that one.) > > Note: An updated How to Make Money in Stocks will be released sometime early > next year. > > Overall, if not the most technical seminar it was very motivational. > > -Bill > > - - - ------------------------------ Date: Sat, 16 Sep 2000 20:16:57 -0400 From: Dan Forant Subject: Re: [CANSLIM] O'neal seminar thoughts. I use Ameritrade but not their alert system. I use a cell phone email alerts, and Quote Tracker. Also keep track of my portfolio this way. Very reliable. Only catch is the Email Server, is slow at times, but adequate. I just set stocks likely to break whenever and wait. Has worked well so far, after checking volume. Dan. At 06:03 PM 9/16/00 -0500, you wrote: >One way to get a paging service is to open an Etrade account. You can >setup alerts to email or pager. >Many cell phones can receive brief text messages. > >I am not sure how timely the alerts are since I was seldom near a >computer. > >One tip, close all your alerts before you close your account. I am still >getting volume alerts to my pager long after I closed my account. > >Regards >Kent Norman > >Bill Triffet wrote: >< SNIP...> >> What about us working folks? Something he recommended was to use a paging >> service to catch the mid-day breakouts. During the weekend, write down the >> pivot price needed and the expected volume rise needed. Then, when it hits >> the proper pivot check the volume at that time. If it's 9:30, that's 1/6th >> of the trading day volume. While it's not the most accurate way, it does >> provide for those of us who must work for a living. I'm going to try out >> Fidelity's service and see how it works. Just need to select the proper >> paging device. >> >> A few things that he reminded us of: >> -He doesn't use stop loss orders. - Most important for big lot size traders >> due to the SEC filing red flag. >> -Doesn't use trailing stops. >> -Mentioned 3 years annual earnings instead of 5. - I think most of us have >> adapted to this already. >> -Volume is not an indicator when an exhaustion gap occurs. Use channel lines >> to verify the gap-up. >> -IBD's Mutual Funds New Buys list can be used to show buying trends is >> i.e. - telecom, software, etc...This was suggested when a >> person asked about how recent this info is. >> -Ignores P/E except to calculate how much a stock can rise. (The room got a >> chuckle out of that one.) >> >> Note: An updated How to Make Money in Stocks will be released sometime early >> next year. >> >> Overall, if not the most technical seminar it was very motivational. >> >> -Bill >> >> - > >- > > - - ------------------------------ Date: Sat, 16 Sep 2000 18:08:22 -0700 From: "Bill Triffet" Subject: Re: [Fwd: [CANSLIM] O'neal seminar thoughts.] - ----- Original Message ----- From: Kent Norman To: Sent: Saturday, September 16, 2000 4:10 PM Subject: [Fwd: [CANSLIM] O'neal seminar thoughts.] > 1. Does this mean he uses mental stops and does not move them up as the > price increases? He re-emphasized the importance of selling rules ie., the 36 selling rules in HTMMIS. He didn't mention setting any price lower than where it's at. Makes me rethink my selling strategies. I should let the rules dictate my selling not setting an arbitrary point below where it's at just because I want to "lock in a profit". Kinda comes back to that - " what do I do when it hits 20% in a couple weeks?" dilemma. I did get David Ryan's "How and When to Sell Stocks" audio tape for renewing IBD. Hopefully this will shed some light on the subject as I have a hard time with some of the 36 rules. It's tough enough to find the breakouts. (g) > 2. Is the New Buys list pretty current? I was under the impression the > data was months old by the time it became public. He said, "It is the latest data available". "It could be a week, month, or several months old". I read into it to follow buying trends. Maybe not a single stock at the moment. - -Bill - - ------------------------------ Date: Sat, 16 Sep 2000 19:48:33 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] DGO List - Part One On 16 Sep 00, at 6:19, Tom Worley wrote: > Altho the overall list was as high as 266 earlier in the week, it > finished Friday with only 236 stocks in the Daily Graphs books > having both RS and EPS of 80 or better; and within or at 5% of > the 12 month high during the week. Two weeks ago it was 239, and > prior to that 209, 200, and 204. > > As before, Bx is my shorthand for "B"ase where "x" is the nr of > weeks basing, IMO. > > For those new to the group, or have forgotten, this list is only > intended as potential watch candidates. > > NTAP - B2 I guess we have a minor disagreement - I have NTAP basing for 6 months, since it reached a high on March 10, then has proceeded to correct and form a broad base, probably a cup and working on a handle. - - ------------------------------ Date: Sat, 16 Sep 2000 22:55:11 -0700 From: Dan Cash Subject: [CANSLIM] (no subject) - - ------------------------------ Date: Sun, 17 Sep 2000 09:20:14 -0700 From: Dan Cash Subject: [CANSLIM] test - - ------------------------------ End of canslim-digest V2 #1004 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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