From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1039 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 Friday, November 3 2000 Volume 02 : Number 1039 In this issue: Re: [CANSLIM] APWR [CANSLIM] Sending large files to the canslim group [CANSLIM] Raising the bar? Re: [CANSLIM] Raising the bar? Re: [CANSLIM] Raising the bar? Re: [CANSLIM] Raising the bar? Re: [CANSLIM] Raising the bar? Re: [CANSLIM] APWR Re: [CANSLIM] Raising the bar? Re: [CANSLIM] Raising the bar? [CANSLIM] Some charts look good Re: [CANSLIM] APWR Re: [CANSLIM] Raising the bar? Re: [CANSLIM] Some charts look good Re: [CANSLIM] Raising the bar? RE: [CANSLIM] Raising the bar? Re: [CANSLIM] Raising the bar? [CANSLIM] Interesting Point from WON RE: [CANSLIM] Interesting Point from WON Re: [CANSLIM] APWR ---------------------------------------------------------------------- Date: 2 Nov 2000 06:27:37 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] APWR I don't sell before earnings, but I don't buy either. Why sell unless the outlook is already poor? Many of the recent breakouts in this yucky M have been on earnings surprises...just out of curiosity, how can you tell a pullback from a b/o from a failed b/o? At 04:59 PM 11/1/00 -0800, you wrote: >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I >resisted because earnings hadn't been released yet were SRNA and WATR. > >Does anyone here sell before earnings are released? That seems like it might >be prudent. > >Mike > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 2 Nov 2000 08:00:01 -0700 From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Everyone, There are times when 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://ftp.xmission.com/pub/users/m/mcjathan/incoming/ If you need some help doing this step, there are ftp instructions below. 2. Send mail to me directly at "owner-canslim@xmission.com" 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://ftp.xmission.com/pub/users/m/mcjathan/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://ftp.xmission.com/pub/users/m/mcjathan/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: Thu, 2 Nov 2000 11:54:25 -0600 From: "walter nusbaum" Subject: [CANSLIM] Raising the bar? From IBD's "The Big Picture" of 1 NOV: "In past years, a 1% move was sufficient. But with the market's volatility and immense power of big mutual fund families, you want to see a gain of at least 1.5%." Has a seminar attendee or any others heard of this increased percentage for a follow-through confirmation? Does "The Big Picture" speak for WON? Thanks for your comments, Best wishes, Walt - - ------------------------------ Date: Thu, 02 Nov 2000 10:07:42 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Raising the bar? No, and no, but I totally agree. That said, I believe Tuesday qualified as an f/t day on most if not all major indices. Did they mention Tuesday? On 09:54 AM 11/2/00, walter nusbaum Said: > From IBD's "The Big Picture" of 1 NOV: "In past years, a 1% move was >sufficient. But with the market's volatility and immense power of big mutual >fund families, you want to see a gain of at least 1.5%." > >Has a seminar attendee or any others heard of this increased percentage for >a follow-through confirmation? Does "The Big Picture" speak for WON? Thanks >for your comments, >Best wishes, >Walt Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 2 Nov 2000 12:32:20 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Raising the bar? Don't have the copy in front of me so I'm paraphrasing: Yes, but did go on to say not to buy the farm yet as the leadership is in many cyclical such a HMO's etc. Not the leadership one wants in a fresh rally. I'm sure some folks here have and will do well this year on these stocks but that was my take of the article Perhaps there is an archive area at the website? Picked up small buys of EDMC and MTH - -Bill - ----- Original Message ----- From: "Tim Fisher" To: Sent: Thursday, November 02, 2000 10:07 AM Subject: Re: [CANSLIM] Raising the bar? > No, and no, but I totally agree. That said, I believe Tuesday qualified as > an f/t day on most if not all major indices. Did they mention Tuesday? > - - ------------------------------ Date: Thu, 02 Nov 2000 13:57:08 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Raising the bar? Me too! Actually my best purchase of this week has been MTH. On 12:32 PM 11/2/00, Bill Triffet Said: >Don't have the copy in front of me so I'm paraphrasing: > >Yes, but did go on to say not to buy the farm yet as the leadership is in >many cyclical such a HMO's etc. Not the leadership one wants in a fresh >rally. I'm sure some folks here have and will do well this year on these >stocks but that was my take of the article >Perhaps there is an archive area at the website? > >Picked up small buys of EDMC and MTH > > >-Bill > >----- Original Message ----- >From: "Tim Fisher" >To: >Sent: Thursday, November 02, 2000 10:07 AM >Subject: Re: [CANSLIM] Raising the bar? > > > > No, and no, but I totally agree. That said, I believe Tuesday qualified as > > an f/t day on most if not all major indices. Did they mention Tuesday? > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 02 Nov 2000 14:36:46 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Raising the bar? IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but these are definitely not cyclicals (nor are med services). Cyclicals are basic industries, extractive resources, mining, manufacturing, semiconductors, banks, etc. Does IBD actually watch leading stocks in leading industries like they are supposed to? Or have they bought into the tech-is-all-that-matters mentality that the rest of the analysts seem to be espousing these days? The first rally I used CANSLIM, financials and oils led the markets (both NASDAQ and NYSE). Techs were stalled, nets were unheard-of. I made a ton of money off that rally. This time, it seems biomeds, med services and financial mgt sectors are leading the charge. Someone needs to show me the money (i.e. show me med services on a list of traditional cyclical market sectors) on that one. Who writes that column anyway? On 12:32 PM 11/2/00, Bill Triffet Said: >Don't have the copy in front of me so I'm paraphrasing: > >Yes, but did go on to say not to buy the farm yet as the leadership is in >many cyclical such a HMO's etc. Not the leadership one wants in a fresh >rally. I'm sure some folks here have and will do well this year on these >stocks but that was my take of the article >Perhaps there is an archive area at the website? > >Picked up small buys of EDMC and MTH > > >-Bill > >----- Original Message ----- >From: "Tim Fisher" >To: >Sent: Thursday, November 02, 2000 10:07 AM >Subject: Re: [CANSLIM] Raising the bar? > > > > No, and no, but I totally agree. That said, I believe Tuesday qualified as > > an f/t day on most if not all major indices. Did they mention Tuesday? > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 2 Nov 2000 15:08:29 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] APWR I have noticed with my watch lists that in general the share prices have run up on expectations and pulled back after release of earnings, even if the earnings beat the street. Maybe that's the sign of a bear market but that seems to be the current pattern. rolatzi - --- Mike Lucero wrote: > I bought APWR on 10/27 in a pullback from a breakout. I > did notice it was to > release earnings 11/5 (per DGO) but bought it anyway. Two > other stocks I > resisted because earnings hadn't been released yet were > SRNA and WATR. > > Does anyone here sell before earnings are released? That > seems like it might > be prudent. > > Mike > > - > __________________________________________________ Do You Yahoo!? From homework help to love advice, Yahoo! Experts has your answer. http://experts.yahoo.com/ - - ------------------------------ Date: Thu, 2 Nov 2000 17:25:17 -0600 From: "walter nusbaum" Subject: Re: [CANSLIM] Raising the bar? Tim & Bill, Tim, yes Tuesday was proclaimed a FT day. Bill, one of the FAQs on their site still referenced 1% as a FT requirement. Best wishes, Walt From: "Bill Triffet" (Snip) > Perhaps there is an archive area at the website? (Snip) > -Bill > > From: "Tim Fisher" (Snip) > > No, and no, but I totally agree. That said, I believe Tuesday qualified as > > an f/t day on most if not all major indices. Did they mention Tuesday? - - ------------------------------ Date: Thu, 2 Nov 2000 16:47:51 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Raising the bar? I looked at MSS before the breakout but was nervous about the low trading volume. Happy with the MTH buy so far. Perhaps this time I won't let it go all way back to zero like my last few tries. (g) - -Bill - ----- Original Message ----- From: "Tim Fisher" To: Sent: Thursday, November 02, 2000 2:36 PM Subject: Re: [CANSLIM] Raising the bar? > IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but > these are definitely not cyclicals (nor are med services). Cyclicals are > basic industries, extractive resources, mining, manufacturing, > semiconductors, banks, etc. Does IBD actually watch leading stocks in > leading industries like they are supposed to? Or have they bought into the > tech-is-all-that-matters mentality that the rest of the analysts seem to be > espousing these days? The first rally I used CANSLIM, financials and oils > led the markets (both NASDAQ and NYSE). Techs were stalled, nets were > unheard-of. I made a ton of money off that rally. This time, it seems > biomeds, med services and financial mgt sectors are leading the charge. > Someone needs to show me the money (i.e. show me med services on a list of > traditional cyclical market sectors) on that one. Who writes that column > anyway? - - ------------------------------ Date: Thu, 2 Nov 2000 16:08:50 -0800 (PST) From: charles maier Subject: [CANSLIM] Some charts look good Charts are firming up out there and I'm seeing some nice breakouts. I haven't checked all IBD criteria on these, but charts are good IMHO QLGC - breakout from long consolidation at 101 to 106 good for 30-50 pts. lot of charts firming up in this sector from oversold condition. PALM has been hot from good consolidation at 43, now almost 60. ELNT never stops. Others firming up include : MU STM TQNT AHAA ATMI LSI ETC. Retail shoe and apparel coming back a bit including ANF - may pop from base on base @ 25 target mid to low 30s from 2 month base on base and beautiful C & H before that. TOM had a beautiful breakout on good earnings the past few days. A couple of small tech companies PLNR - all time high today on good earnings. Flat panel display. AINN is back to original base at about 15. Chart ugly. went to 28 earlier in year. I recommend tradingmarkets.com as a site which has a lot of IBD type strategies. They also help point out picks better than IBD itself in some ways. Have search engine. Also, they turn the long strategy on its head and have short selling strategies on low RS and low EPS stocks and use the same pivot point terminology we are familiar with. Loren Fleckenstein is an ex-IBD guy who writes at the site. I'd also be interested in any oversold companies anyone likes. You can email me on the side. - - ------------------------------ Date: Thu, 2 Nov 2000 12:38:27 -0800 From: "Mike Lucero" Subject: Re: [CANSLIM] APWR If I don't buy the breakout, then I wait for a pullback that stays above the pivot and use a buy stop above a (usually) 2-day high, so at least it has started moving in the right direction again. The day I bought APWR and the day after were both little up days on lower volume than the day before. Maybe that was a sign, but I usually wait for a stock to hit my sell stop or have a big down day. I believe buying the pullback fails more often than buying the breakout, but I place my sell stop right under the dip, so the initial risk is less and profit factor is higher. Mike - ----- Original Message ----- From: "Tim Fisher" To: Sent: Thursday, November 02, 2000 6:27 AM Subject: Re: [CANSLIM] APWR > I don't sell before earnings, but I don't buy either. Why sell unless the > outlook is already poor? Many of the recent breakouts in this yucky M have > been on earnings surprises...just out of curiosity, how can you tell a > pullback from a b/o from a failed b/o? > > At 04:59 PM 11/1/00 -0800, you wrote: > >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to > >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I > >resisted because earnings hadn't been released yet were SRNA and WATR. > > > >Does anyone here sell before earnings are released? That seems like it might > >be prudent. > > > >Mike > > > >- > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > > - - ------------------------------ Date: Thu, 02 Nov 2000 19:41:48 -0700 From: Earl Setser Subject: Re: [CANSLIM] Raising the bar? I don't think that was quite what they said. My general impression was some of the leadership so far (insurance for example) wasn't likely to be a leader for any extended period of time. Hmm, let me grab that issue. Here are some excerpts: "The session (Nas) had all the elements of a classic follow-through...You could also argue the S&P500 followed through...many techs are still trading at frothy levels that don't lend themselves as launching pads for another big advance...Don't expect insurance and medical stocks--two sectors that have shown promise--to lead the market on a repeat performance of 1998 and 1999." Overall, they are showing some hesitance to jump in with both feet, and I agree. They are also playing both sides of the ball, which they seem to excel at. Overall, they liked the action, but aren't sure if the rally will succeed or that it will be a powerful one like the last two years. I'm more looking for a successful rally, and I don't think it has to be crazy to be profitable. BTW, I've added one position to get up to 2 of 7. I now hold LAB and KVA. I tried to get into GENZ today, but it never got to my limit price, I may get it tomorrow with a litte retrace. I'm "tip-toeing" in based on the FT days and some good action. Here's hoping we can rally higher for a few months this time!! At 02:36 PM 11/2/00 -0800, you wrote: >IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but >these are definitely not cyclicals (nor are med services). Cyclicals are >basic industries, extractive resources, mining, manufacturing, >semiconductors, banks, etc. Does IBD actually watch leading stocks in >leading industries like they are supposed to? Or have they bought into the >tech-is-all-that-matters mentality that the rest of the analysts seem to be >espousing these days? The first rally I used CANSLIM, financials and oils >led the markets (both NASDAQ and NYSE). Techs were stalled, nets were >unheard-of. I made a ton of money off that rally. This time, it seems >biomeds, med services and financial mgt sectors are leading the charge. >Someone needs to show me the money (i.e. show me med services on a list of >traditional cyclical market sectors) on that one. Who writes that column >anyway? > >On 12:32 PM 11/2/00, Bill Triffet Said: >>Don't have the copy in front of me so I'm paraphrasing: >> >>Yes, but did go on to say not to buy the farm yet as the leadership is in >>many cyclical such a HMO's etc. Not the leadership one wants in a fresh >>rally. I'm sure some folks here have and will do well this year on these >>stocks but that was my take of the article >>Perhaps there is an archive area at the website? >> >>Picked up small buys of EDMC and MTH >> >> >>-Bill >> >>----- Original Message ----- >>From: "Tim Fisher" >>To: >>Sent: Thursday, November 02, 2000 10:07 AM >>Subject: Re: [CANSLIM] Raising the bar? >> >> >> > No, and no, but I totally agree. That said, I believe Tuesday qualified as >> > an f/t day on most if not all major indices. Did they mention Tuesday? >> > >> >> >> >>- > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > - - ------------------------------ Date: 2 Nov 2000 18:57:10 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Some charts look good Unfortunately, yet again, these are for the most part far from CANSLIM. ELNT is the only one I recognize from recent scans. Most of the rest are either >50% from their highs or are not growth companies (ANF I recognize as a fallen CANSLIM angel). At 04:08 PM 11/2/00 -0800, you wrote: >Charts are firming up out there and I'm seeing some >nice breakouts. I haven't checked all IBD criteria on >these, but charts are good IMHO > >QLGC - breakout from long consolidation at 101 to 106 > good for 30-50 pts. > >lot of charts firming up in this sector from oversold >condition. PALM has been hot from good consolidation >at 43, now almost 60. ELNT never stops. Others >firming up include : MU STM TQNT AHAA ATMI LSI ETC. > >Retail shoe and apparel coming back a bit including > >ANF - may pop from base on base @ 25 target mid to low >30s from 2 month base on base and beautiful C & H >before that. TOM had a beautiful breakout on good >earnings the past few days. > >A couple of small tech companies > >PLNR - all time high today on good earnings. Flat >panel display. > >AINN is back to original base at about 15. Chart >ugly. > went to 28 earlier in year. > >I recommend tradingmarkets.com as a site which has a >lot of IBD type strategies. They also help point out >picks better than IBD itself in some ways. Have >search engine. Also, they turn the long strategy on >its head and have short selling strategies on low RS >and low EPS stocks and use the same pivot point >terminology we are familiar with. Loren Fleckenstein >is an ex-IBD guy who writes at the site. > >I'd also be interested in any oversold companies >anyone likes. You can email me on the side. > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: 2 Nov 2000 19:00:14 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Raising the bar? LAB intrigues me, it's been on my list almost since it went public. I have never found a comfortable entry for it though. This time around it hasn't formed a handle; really it has never based for very long. At 07:41 PM 11/2/00 -0700, you wrote: >I don't think that was quite what they said. My general impression was >some of the leadership so far (insurance for example) wasn't likely to be a >leader for any extended period of time. Hmm, let me grab that issue. Here >are some excerpts: > >"The session (Nas) had all the elements of a classic follow-through...You >could also argue the S&P500 followed through...many techs are still trading >at frothy levels that don't lend themselves as launching pads for another >big advance...Don't expect insurance and medical stocks--two sectors that >have shown promise--to lead the market on a repeat performance of 1998 and >1999." > >Overall, they are showing some hesitance to jump in with both feet, and I >agree. They are also playing both sides of the ball, which they seem to >excel at. Overall, they liked the action, but aren't sure if the rally >will succeed or that it will be a powerful one like the last two years. >I'm more looking for a successful rally, and I don't think it has to be >crazy to be profitable. > >BTW, I've added one position to get up to 2 of 7. I now hold LAB and KVA. >I tried to get into GENZ today, but it never got to my limit price, I may >get it tomorrow with a litte retrace. I'm "tip-toeing" in based on the FT >days and some good action. Here's hoping we can rally higher for a few >months this time!! > > > >At 02:36 PM 11/2/00 -0800, you wrote: > >IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but > >these are definitely not cyclicals (nor are med services). Cyclicals are > >basic industries, extractive resources, mining, manufacturing, > >semiconductors, banks, etc. Does IBD actually watch leading stocks in > >leading industries like they are supposed to? Or have they bought into the > >tech-is-all-that-matters mentality that the rest of the analysts seem to be > >espousing these days? The first rally I used CANSLIM, financials and oils > >led the markets (both NASDAQ and NYSE). Techs were stalled, nets were > >unheard-of. I made a ton of money off that rally. This time, it seems > >biomeds, med services and financial mgt sectors are leading the charge. > >Someone needs to show me the money (i.e. show me med services on a list of > >traditional cyclical market sectors) on that one. Who writes that column > >anyway? > > > >On 12:32 PM 11/2/00, Bill Triffet Said: > >>Don't have the copy in front of me so I'm paraphrasing: > >> > >>Yes, but did go on to say not to buy the farm yet as the leadership is in > >>many cyclical such a HMO's etc. Not the leadership one wants in a fresh > >>rally. I'm sure some folks here have and will do well this year on these > >>stocks but that was my take of the article > >>Perhaps there is an archive area at the website? > >> > >>Picked up small buys of EDMC and MTH > >> > >> > >>-Bill > >> > >>----- Original Message ----- > >>From: "Tim Fisher" > >>To: > >>Sent: Thursday, November 02, 2000 10:07 AM > >>Subject: Re: [CANSLIM] Raising the bar? > >> > >> > >> > No, and no, but I totally agree. That said, I believe Tuesday >qualified as > >> > an f/t day on most if not all major indices. Did they mention Tuesday? > >> > > >> > >> > >> > >>- > > > >Tim Fisher > >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > >Tim@OreRockOn.com > >WWW: http://OreRockOn.com > >See naked fish and rocks! > > > > > >- > > > > > > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 2 Nov 2000 22:24:55 -0500 From: "David Squires" Subject: RE: [CANSLIM] Raising the bar? Hi all, The percentage rally is of little significance in my opinion. Certainly, volatility has reduced the reliability of the follow through day but that is just the "go" signal. If there is nothing to buy it means little. I'm sure many on this list have found some good charts to trade for the 25% profit target WON talks about. But are any TRUE leaders setting up properly?...I think not. Over the weekend I will be looking at literally thousands of charts as I do every weekend. Judging from my observations of this week's events I will likely pick up some new set-ups but I doubt it will produce the scores of sound LEADERS that must be present for a new bull cycle. A key problem with this "bottom" is there is all too many investors ready to herald in the new bull leg. A rally we need, and a rally we will get but backing up the truck here is a bit hasty without further confirmation. Few lasting bottoms have formed without an EXTENDED base of pessimism. I would be surprised to find out human psychology has changed. That said, the NASDAQ IS acting great. It ignored ALTR's forward quarter warning and rallied. Previous warnings produced large selloffs. Watch those key MA's and retracement numbers on the upside. These areas will be key inflection points. Good Trading, DSquires > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of walter nusbaum > Sent: Thursday, November 02, 2000 6:25 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Raising the bar? > > > Tim & Bill, > Tim, yes Tuesday was proclaimed a FT day. > > Bill, one of the FAQs on their site still referenced 1% as a FT > requirement. > Best wishes, > Walt > > From: "Bill Triffet" > (Snip) > > > Perhaps there is an archive area at the website? > (Snip) > > -Bill > > > > From: "Tim Fisher" > (Snip) > > > > No, and no, but I totally agree. That said, I believe Tuesday > qualified > as > > > an f/t day on most if not all major indices. Did they mention Tuesday? > > > > > > > > > - > - - ------------------------------ Date: Thu, 2 Nov 2000 21:13:35 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Raising the bar? Besides the lack of real fear with many investors ( I could be wrong), I tend to think many folks WILL sell positions when it hits the magic 25%. It's a nice even figure to sell with. I think that is what was happening with many traders during the last mini-rally. Then again, using WON selling rules may have produced the same results. Hoping it's another November like 1999. - -Bill - ----- Original Message ----- From: David Squires To: Sent: Thursday, November 02, 2000 7:24 PM Subject: RE: [CANSLIM] Raising the bar? > Hi all, > > The percentage rally is of little significance in my opinion. Certainly, > volatility has reduced the reliability of the follow through day but that is > just the "go" signal. If there is nothing to buy it means little. I'm sure > many on this list have found some good charts to trade for the 25% profit > target WON talks about. But are any TRUE leaders setting up properly?...I > think not. Over the weekend I will be looking at literally thousands of > charts as I do every weekend. Judging from my observations of this week's > events I will likely pick up some new set-ups but I doubt it will produce > the scores of sound LEADERS that must be present for a new bull cycle. > > A key problem with this "bottom" is there is all too many investors ready to > herald in the new bull leg. A rally we need, and a rally we will get but > backing up the truck here is a bit hasty without further confirmation. Few > lasting bottoms have formed without an EXTENDED base of pessimism. I would > be surprised to find out human psychology has changed. > > That said, the NASDAQ IS acting great. It ignored ALTR's forward quarter > warning and rallied. Previous warnings produced large selloffs. Watch those > key MA's and retracement numbers on the upside. These areas will be key > inflection points. > > Good Trading, > DSquires > - - ------------------------------ Date: Fri, 03 Nov 2000 06:39:53 -0700 From: Earl Setser Subject: [CANSLIM] Interesting Point from WON Here is an interesting tidbit from WON from the IBD website. "Question: The Dow and the Nasdaq have both had "follow through" days. Will this potential rally falter with the lack of sound base patterns from quality companies? - Submitted from Durham, N.C. WON's Answer: Not necessarily. Now that you have had a follow-through, the only thing you know is that the market has now signaled its change of direction. If you don't see any quality stocks breaking out of sound bases on strong volume, then you don't buy anything. If the follow-through is "for real" and the market continues in a rally phase, you should begin to see quality stocks begin to break out of sound bases anywhere from one to 13 weeks after the follow-through day. It's possible that right now the potential leaders are building the right sides of their cups or other base patterns and will break out at some point a few weeks later. The good thing is that you don't have to know what the market is going to do. And if there are no breakouts occurring, then you will naturally not get sucked into a potentially failing follow-through. " Anyone else ever see the 1 to 13 week timeframe for quality breakouts to start? This was a new one for me, but I think it makes sense. After an extended down period, even the new leaders could have been beaten down enough that the right side of the cup could take weeks or longer to form. - - ------------------------------ Date: Fri, 3 Nov 2000 09:22:35 -0500 From: "David Squires" Subject: RE: [CANSLIM] Interesting Point from WON The 1-13 week time frame is based on WON's study of many bull market cycles. In his study he found that quality leadership names will clear sound bases for up to 13 weeks after the low. This is why you can sit and wait for the real high growth leaders rather than slower growth names that set-up. DSquires > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser > Sent: Friday, November 03, 2000 8:40 AM > To: canslim@xmission.com > Cc: steven.e.mlaker@l-3com.com > Subject: [CANSLIM] Interesting Point from WON > > > Here is an interesting tidbit from WON from the IBD website. > > > "Question: The Dow and the Nasdaq have both had "follow through" > days. Will > this potential rally falter with the lack of sound base patterns from > quality companies? > > > - Submitted from > Durham, N.C. > > > > WON's Answer: Not necessarily. Now that you have had a follow-through, the > only thing you know is that the market has now signaled its change of > direction. If you don't see any quality stocks breaking out of sound bases > on strong volume, then you don't buy anything. If the follow-through is > "for real" and the market continues in a rally phase, you should begin to > see quality stocks begin to break out of sound bases anywhere from one to > 13 weeks after the follow-through day. It's possible that right now the > potential leaders are building the right sides of their cups or other base > patterns and will break out at some point a few weeks later. The > good thing > is that you don't have to know what the market is going to do. > And if there > are no breakouts occurring, then you will naturally not get sucked into a > potentially failing follow-through. " > > > Anyone else ever see the 1 to 13 week timeframe for quality breakouts to > start? This was a new one for me, but I think it makes sense. After an > extended down period, even the new leaders could have been beaten down > enough that the right side of the cup could take weeks or longer to form. > > - > > - - ------------------------------ Date: Fri, 3 Nov 2000 09:40:26 -0500 From: asosis@ca.ibm.com Subject: Re: [CANSLIM] APWR Mike, I've been thinking about doing something similar... Question: what is the ave risk you take on this buy (that would be the difference between your buy point and your stop loss)? Does this work out to be less than 5%? Also, I have been thinking that if the pullback starts rallying again, maybe it is even safer to buy 1/2 on the second day of rally (simply because I'd want to see it making higher high and a higher low, indicating that the pullback is over) and maybe 1/2 when it makes a new high (as you do). The stop loss would be at the same point as above: right below the pullback. Any thoughts? I have not given much thought to the volume: sure I want the volume on pullback to be low, but what about the volume during the rally out of the pullback? Also, maybe following your method one would not get whipsawed as often? Anna "Mike Lucero" on 11/02/2000 03:38:27 PM Please respond to canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: Re: [CANSLIM] APWR If I don't buy the breakout, then I wait for a pullback that stays above the pivot and use a buy stop above a (usually) 2-day high, so at least it has started moving in the right direction again. The day I bought APWR and the day after were both little up days on lower volume than the day before. Maybe that was a sign, but I usually wait for a stock to hit my sell stop or have a big down day. I believe buying the pullback fails more often than buying the breakout, but I place my sell stop right under the dip, so the initial risk is less and profit factor is higher. Mike - ----- Original Message ----- From: "Tim Fisher" To: Sent: Thursday, November 02, 2000 6:27 AM Subject: Re: [CANSLIM] APWR > I don't sell before earnings, but I don't buy either. Why sell unless the > outlook is already poor? Many of the recent breakouts in this yucky M have > been on earnings surprises...just out of curiosity, how can you tell a > pullback from a b/o from a failed b/o? > > At 04:59 PM 11/1/00 -0800, you wrote: > >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to > >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I > >resisted because earnings hadn't been released yet were SRNA and WATR. > > > >Does anyone here sell before earnings are released? That seems like it might > >be prudent. > > > >Mike > > > >- > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > > - - - - ------------------------------ End of canslim-digest V2 #1039 ****************************** 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.