From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1070 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 Tuesday, December 19 2000 Volume 02 : Number 1070 In this issue: Re: [CANSLIM] KP B/O [CANSLIM] Barra [CANSLIM] Non-Canslim: Broker execution question [CANSLIM] Traffic on the list Re: [CANSLIM] Traffic on the list RE: [CANSLIM] Traffic on the list [CANSLIM] FW: Changes to Industry Groups Re: [CANSLIM] KP B/O Re: [CANSLIM] KP B/O Re: [CANSLIM] Traffic on the list [CANSLIM] Intra-day volume... Re: [CANSLIM] Non-Canslim: Broker execution question Re: [CANSLIM] KP B/O Re: [CANSLIM] Non-Canslim: Broker execution question Re: [CANSLIM] Traffic on the list Re: [CANSLIM] FW: Changes to Industry Groups Re: [CANSLIM] FW: Changes to Industry Groups RE: [CANSLIM] Traffic on the list Re: [CANSLIM] Traffic on the list ---------------------------------------------------------------------- Date: Mon, 18 Dec 2000 15:50:56 -0600 From: SWald@dkwlaw.com Subject: Re: [CANSLIM] KP B/O Thanks, Tim. That helps. I'm new at this method, and have trouble keeping it all straight. I am definitely "by the book" for now, but it helps tremendously to hear from people who have experience with this. Thanks, Steve Wald Tim Fisher To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] KP B/O ission.com 12/18/00 03:34 PM Please respond to canslim I confused myself there, it is as you stated, but a 5% advance on 1.5x ADV on the day it breaks out is also a criteria, so if it starts the day at or above the pivot, like KP did, and quickly moves up 8-10%, then you missed the B/O and it is now "extended." I don't see how you can catch these breakouts unless you are glued to a streaming quote service at 6:30 AM PST. Personally I don't think KP got "extended" today; I have watched it trade for months now and see a 10% intraday swing as being large for it; hence I termed it a breakout since it made a new high on strong vol. My point was that if you need to stick to the letter of the book then go ahead, but you are passing up valid breakouts because of an arbitrary number. What you are doing by "chasing" a stock is, of course, taking on higher risk. Looking at KP I would not chase it higher than 28-29, but would not have ruled it out today, if M was green light. On 12:06 PM 12/18/00, SWald@dkwlaw.com Said: >Tim, > >You said "Somethinbg about CANSLIM that has always bothered me is that we >want them >to trade 5% above the pivot to qualify as a B/O then we also want to only >pay 5% above the pivot." > >My question is this: According to CANSLIM, isn't a B/O when the price >rises more than 1/8 above the relevant point (the highest point on the >handle, etc.) on 50%+ over the average volume of the past 50 days? > >Thanks, > >Steve Wald > > > > > Tim > Fisher > To: > canslim@lists.xmission.com > Sent > by: cc: > owner-canslim@lists.xm Subject: Re: > [CANSLIM] KP B/O > ission.com > > > > > > 12/18/00 01:55 > PM > Please respond > to > canslim > > > > > > > > >ABK looks to be trying as well, I own it too. It's 1/16 above the pivot (56 > >7/8) on heavier that avg vol. >Sometimes you cannot get the pivot, KP is so cheap that I think the 8% or >so vs. 5% is worth it; you would have to be a heck of a trader to get that > >at 5%. Given a good M that is, which we still definitely do not have. >Somethinbg about CANSLIM that has always bothered me is that we want them >to trade 5% above the pivot to qualify as a B/O then we also want to only >pay 5% above the pivot. I cannot recall the last time I managed to do that. > >On 10:38 AM 12/18/00, SWald@dkwlaw.com Said: > > >KP looks like a good stock, and is breaking out. But, a buyer would > >probably be chasing it right now because it appears to be about 10% past > >the pivot point. I am keeping an eye out to see if it drops back into > >range at the close. > > > >Steven Wald > >Doepken Keevican & Weiss > >swald@dkwlaw.com > >www.dkwlaw.com > >St. Louis*Pittsburgh*Cleveland*Detroit*Washington DC* Harrisburg > >(314) 588-2000 > >(314) 588-2009 (fax) > > > > > > > > > > Tim > > Fisher > > To: > > canslim@lists.xmission.com > > Sent > > by: cc: > > owner-canslim@lists.xm Subject: [CANSLIM] > > KP B/O > > ission.com > > > > > > > > > > > > 12/18/00 12:26 > > PM > > Please respond > > to > > canslim > > > > > > > > > > > > > > > > > >KP is breaking out of a nice long base today, pivot 25 and change. Guess > >you shouldn't buy based on M right now, but I own it and noticed the move. > >It's definitely a defensive, but also an HGS stock. > > > >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 >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - ------------------------------ Date: Mon, 18 Dec 2000 15:53:41 -0600 From: SWald@dkwlaw.com Subject: [CANSLIM] Barra Barra (BARZ) advanced about 5% on nearly three times normal volume, following a consolidation. It might be back within range. Steven Wald - - ------------------------------ Date: Mon, 18 Dec 2000 17:45:08 -0500 From: "Barry Marx" Subject: [CANSLIM] Non-Canslim: Broker execution question I hope someone can help me with this. I know it's not Canslim, but hopefully the answer will be of use to others as well. I owned 60 shares of AFCO through ETrade, and had a sell stop set at 26 1/8. On Friday, I received a message, time stamped 12:35 PM, that the stop order had executed. I later noticed that the low for the day was listed as 26 3/4, both on ETrade and several other sources. Today, I questioned the validity of the execution. I later received an answer back, that, (as best I can remember from the phone conversation) "somewhere within NASDAQ there was a "quote" of 26 1/8, and as long as there was a "quote" at that price, it would be executed". I'm assuming their term "quote" means "bid", but even if so, why wouldn't that price be listed as the low for the day? Of course, given the current market, it may just be a matter of time before the stop would get executed anyway, but, in any case, here are my questions: - - Do I have a case that the execution was invalid, and the position should be reinstated? - - If so, what is the best way to lodge a protest? - - Is there any way to independently verify a stock's previous intraday trading prices for a situation like this? Thanks for your help, Barry - - ------------------------------ Date: Mon, 18 Dec 2000 16:05:51 -0800 (PST) From: Dave Cameron Subject: [CANSLIM] Traffic on the list Gee, I haven't logged in after work and seen this many messages in a long time - maybe there's renewed interest here. I still can't find anything to buy (and am still nursing some wounds), but its good to see people are alive. On the comments about bases - its my opinion that there are virtually none in stocks that are worth buying. The only bases I see are stocks that have been in the tank for quite a while - or utility stocks and the like - which aren't really CANSLIM. The stronger stocks are still generally in a downtrend. It seems even the ones with high RS are. Their RS is high relative to the general market. Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Shopping - Thousands of Stores. Millions of Products. http://shopping.yahoo.com/ - - ------------------------------ Date: Mon, 18 Dec 2000 16:34:38 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Traffic on the list I don't know what you consider to be CANSLIM but of the stocks on my watchlist I saw a good 1/2 dozen breakouts from solid bases to new highs on vol today. I'm not biting yet either but there are plenty of good stocks putting in bases near their highs and new breakouts on all of these good M days. What do you consider "and the like?" Food services? Remember SYSCO? Many of the examples in HTMMIS (such as SYSCO) are not high-flying NASDAQ techs - they're good old boring NYSE stocks in boring industry groups like insurance, oils, health care, home builders. On 04:05 PM 12/18/00, Dave Cameron Said: >Gee, I haven't logged in after work and seen this many >messages in a long time - maybe there's renewed interest >here. I still can't find anything to buy (and am still >nursing some wounds), but its good to see people are alive. > >On the comments about bases - its my opinion that there are >virtually none in stocks that are worth buying. The only >bases I see are stocks that have been in the tank for quite >a while - or utility stocks and the like - which aren't >really CANSLIM. The stronger stocks are still generally >in a downtrend. It seems even the ones with high RS are. > Their RS is high relative to the general market. > >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >Do You Yahoo!? >Yahoo! Shopping - Thousands of Stores. Millions of Products. >http://shopping.yahoo.com/ > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Mon, 18 Dec 2000 21:05:12 -0500 From: Surindra Subject: RE: [CANSLIM] Traffic on the list Tim: You are a smart investor... Regards Surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Monday, December 18, 2000 7:35 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Traffic on the list I don't know what you consider to be CANSLIM but of the stocks on my watchlist I saw a good 1/2 dozen breakouts from solid bases to new highs on vol today. I'm not biting yet either but there are plenty of good stocks putting in bases near their highs and new breakouts on all of these good M days. What do you consider "and the like?" Food services? Remember SYSCO? Many of the examples in HTMMIS (such as SYSCO) are not high-flying NASDAQ techs - they're good old boring NYSE stocks in boring industry groups like insurance, oils, health care, home builders. On 04:05 PM 12/18/00, Dave Cameron Said: >Gee, I haven't logged in after work and seen this many >messages in a long time - maybe there's renewed interest >here. I still can't find anything to buy (and am still >nursing some wounds), but its good to see people are alive. > >On the comments about bases - its my opinion that there are >virtually none in stocks that are worth buying. The only >bases I see are stocks that have been in the tank for quite >a while - or utility stocks and the like - which aren't >really CANSLIM. The stronger stocks are still generally >in a downtrend. It seems even the ones with high RS are. > Their RS is high relative to the general market. > >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >Do You Yahoo!? >Yahoo! Shopping - Thousands of Stores. Millions of Products. >http://shopping.yahoo.com/ > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - ------------------------------ Date: Mon, 18 Dec 2000 21:07:54 -0500 From: Surindra Subject: [CANSLIM] FW: Changes to Industry Groups Any one else in the new groups: Fiber Optics specially :-( - -----Original Message----- From: Daily Graphs Online [mailto:custserv@dailygraphs.com] Sent: Friday, July 10, 2893 6:44 PM Subject: Changes to Industry Groups DAILYGRAPHS INC. We would like to alert our subscribers of some changes that will be made to the industry groups that are featured in our service. We anticipate that these changes will take place around the second week of January 2001. The changes will be as follows: - -Metal Ores-Non Ferrous will merge into Metal Ores-Misc. - -Commercial Services-Linen Supplies will merge into Commercial Services-Misc. - -Finance-Mortgage REIT will merge into Finance-Equity REIT - -Computer-Local Networks will have its name changed to Computer-Networking - -Finance-Equity REIT will have its name changed to Finance-REIT The following groups are being added: - -Fiber Optic Networks - -Fiber Optic Components - -Finance-Index Tracking Fund Please let us know if you have any questions. Happy Holidays! Daily Graphs Online - - ------------------------------ Date: Mon, 18 Dec 2000 20:46:42 -0700 From: Earl Setser Subject: Re: [CANSLIM] KP B/O At 01:34 PM 12/18/00 -0800, you wrote: >I confused myself there, it is as you stated, but a 5% advance on 1.5x ADV >on the day it breaks out is also a criteria, so if it starts the day at or >above the pivot, like KP did, and quickly moves up 8-10%, then you missed >the B/O and it is now "extended." > Tim Fisher Tim, I'm confused. I thought WON wanted you to buy exactly at the pivot point with up to 5% over it as a limit. You do this on at least 1.5x ADV (sometimes set at 1.4x ADV). I don't remember anything about a "5% advance" criteria. Did I miss something? - - ------------------------------ Date: Mon, 18 Dec 2000 22:50:36 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] KP B/O Hi Tim, I disagree with the use of the word "arbitrary" in your comment below of "you are passing up valid breakouts because of an arbitrary number". When O'Neil gives figures, such as wanting 8 week bases, or never buying more than 10% over the b/o, or setting stop loss at 8% down from the entry price (assuming you entered correctly), he is not picking these nrs arbitrarily. They are his selection based on experience of applying CANSLIM, and have often been adjusted from his original figures tried many years ago. Otherwise, I agree with your comment. As one who is unable to follow the market closely enough, I learned that for me the solution was to buy while still in the base, and be patient waiting for the breakout. When I used stop loss orders, that also made it easier to set my stop right below the bottom of the base, which often was less than the suggested 8%. Regards, Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Tim Fisher To: Sent: Monday, December 18, 2000 4:34 PM Subject: Re: [CANSLIM] KP B/O I confused myself there, it is as you stated, but a 5% advance on 1.5x ADV on the day it breaks out is also a criteria, so if it starts the day at or above the pivot, like KP did, and quickly moves up 8-10%, then you missed the B/O and it is now "extended." I don't see how you can catch these breakouts unless you are glued to a streaming quote service at 6:30 AM PST. Personally I don't think KP got "extended" today; I have watched it trade for months now and see a 10% intraday swing as being large for it; hence I termed it a breakout since it made a new high on strong vol. My point was that if you need to stick to the letter of the book then go ahead, but you are passing up valid breakouts because of an arbitrary number. What you are doing by "chasing" a stock is, of course, taking on higher risk. Looking at KP I would not chase it higher than 28-29, but would not have ruled it out today, if M was green light. On 12:06 PM 12/18/00, SWald@dkwlaw.com Said: >Tim, > >You said "Somethinbg about CANSLIM that has always bothered me is that we >want them >to trade 5% above the pivot to qualify as a B/O then we also want to only >pay 5% above the pivot." > >My question is this: According to CANSLIM, isn't a B/O when the price >rises more than 1/8 above the relevant point (the highest point on the >handle, etc.) on 50%+ over the average volume of the past 50 days? > >Thanks, > >Steve Wald > > > > > Tim > Fisher > To: > canslim@lists.xmission.com > Sent > by: cc: > owner-canslim@lists.xm Subject: Re: > [CANSLIM] KP B/O > ission.com > > > > > > 12/18/00 01:55 > PM > Please respond > to > canslim > > > > > > > > >ABK looks to be trying as well, I own it too. It's 1/16 above the pivot (56 > >7/8) on heavier that avg vol. >Sometimes you cannot get the pivot, KP is so cheap that I think the 8% or >so vs. 5% is worth it; you would have to be a heck of a trader to get that > >at 5%. Given a good M that is, which we still definitely do not have. >Somethinbg about CANSLIM that has always bothered me is that we want them >to trade 5% above the pivot to qualify as a B/O then we also want to only >pay 5% above the pivot. I cannot recall the last time I managed to do that. > >On 10:38 AM 12/18/00, SWald@dkwlaw.com Said: > > >KP looks like a good stock, and is breaking out. But, a buyer would > >probably be chasing it right now because it appears to be about 10% past > >the pivot point. I am keeping an eye out to see if it drops back into > >range at the close. > > > >Steven Wald > >Doepken Keevican & Weiss > >swald@dkwlaw.com > >www.dkwlaw.com > >St. Louis*Pittsburgh*Cleveland*Detroit*Washington DC* Harrisburg > >(314) 588-2000 > >(314) 588-2009 (fax) > > > > > > > > > > Tim > > Fisher > > To: > > canslim@lists.xmission.com > > Sent > > by: cc: > > owner-canslim@lists.xm Subject: [CANSLIM] > > KP B/O > > ission.com > > > > > > > > > > > > 12/18/00 12:26 > > PM > > Please respond > > to > > canslim > > > > > > > > > > > > > > > > > >KP is breaking out of a nice long base today, pivot 25 and change. Guess > >you shouldn't buy based on M right now, but I own it and noticed the move. > >It's definitely a defensive, but also an HGS stock. > > > >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 >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - ------------------------------ Date: Mon, 18 Dec 2000 21:32:06 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Traffic on the list On 18 Dec 00, at 16:05, Dave Cameron wrote: > On the comments about bases - its my opinion that there are > virtually none in stocks that are worth buying. The only > bases I see are stocks that have been in the tank for quite > a while - or utility stocks and the like - which aren't > really CANSLIM. The stronger stocks are still generally > in a downtrend. It seems even the ones with high RS are. > Their RS is high relative to the general market. Wait a minute, how can the stronger stocks be in a downtrend? By definition, the stronger stocks are the ones going up, and there are some of those. I wonder if you mean the stronger stocks from the last major move up in the nasdaq are going down (pmcs, sebl, csco, adi, brcd etc. etc.) O'Neil says somewhere that the stocks that lead one bull market are not the ones that will lead the next bull market that emerges following a bear market, so don't focus just on what was moving the last time. I could go on for a page or two about valuations, but briefly, I think some of those stocks, JNPR and the like, are still fully or even overvalued, I wonder where they can go from here. I think the not very glamorous area of energy stocks is showing some signs of life, which makes sense with the very high price of nat. gas and oil. - - ------------------------------ Date: Mon, 18 Dec 2000 21:09:31 -0800 From: "Bill Triffet" Subject: [CANSLIM] Intra-day volume... Which sites gives good intraday volume stats with its charts? I use Clearstation but find it lags or waits till the end of day for the tally. - -Bill Triffet - - ------------------------------ Date: Mon, 18 Dec 2000 23:23:59 -0600 From: Kent Norman Subject: Re: [CANSLIM] Non-Canslim: Broker execution question I had a similar situation with a different broke earlier this year. I never found out what caused it. Turns out it was for the best since my stock later dropped and I got out with a profit. When you find out I would like to know. Kent Barry Marx wrote: > > I hope someone can help me with this. I know it's not Canslim, but > hopefully the answer will be of use to others as well. > > I owned 60 shares of AFCO through ETrade, and had a sell stop set at 26 1/8. > On Friday, I received a message, time stamped 12:35 PM, that the stop order > had executed. I later noticed that the low for the day was listed as 26 > 3/4, both on ETrade and several other sources. > > Today, I questioned the validity of the execution. I later received an > answer back, that, (as best I can remember from the phone conversation) > "somewhere within NASDAQ there was a "quote" of 26 1/8, and as long as there > was a "quote" at that price, it would be executed". > > I'm assuming their term "quote" means "bid", but even if so, why wouldn't > that price be listed as the low for the day? > > Of course, given the current market, it may just be a matter of time before > the stop would get executed anyway, but, in any case, here are my questions: > > - Do I have a case that the execution was invalid, and the position should > be reinstated? > > - If so, what is the best way to lodge a protest? > > - Is there any way to independently verify a stock's previous intraday > trading prices for a situation like this? > > Thanks for your help, > Barry > > - - - ------------------------------ Date: Mon, 18 Dec 2000 23:39:46 -0600 From: Kent Norman Subject: Re: [CANSLIM] KP B/O Tom, I would like some clarification if you don't mind. Assume a stock is basing at 40 with oscillation from 39 to 41. Does your comment mean you buy at 40 and stop just a little below 39, say 38? Then wait for a breakout? Do you set your stop after the breakout? or when you buy? Assuming a breakout (at 41 1/8) takes it up 15% to 47.29, do you start ratcheting the stop up from 38 to 40 so you don't let a profit turn to a loss? Thanks Kent Tom Worley wrote: > > Hi Tim, > > I disagree with the use of the word "arbitrary" in your comment > below of "you > are passing up valid breakouts because of an arbitrary number". > When O'Neil gives figures, such as wanting 8 week bases, or never > buying more than 10% over the b/o, or setting stop loss at 8% > down from the entry price (assuming you entered correctly), he is > not picking these nrs arbitrarily. They are his selection based > on experience of applying CANSLIM, and have often been adjusted > from his original figures tried many years ago. > > Otherwise, I agree with your comment. As one who is unable to > follow the market closely enough, I learned that for me the > solution was to buy while still in the base, and be patient > waiting for the breakout. When I used stop loss orders, that also > made it easier to set my stop right below the bottom of the base, > which often was less than the suggested 8%. > > Regards, > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Tim Fisher > To: > Sent: Monday, December 18, 2000 4:34 PM > Subject: Re: [CANSLIM] KP B/O > > I confused myself there, it is as you stated, but a 5% advance on > 1.5x ADV > on the day it breaks out is also a criteria, so if it starts the > day at or > above the pivot, like KP did, and quickly moves up 8-10%, then > you missed > the B/O and it is now "extended." I don't see how you can catch > these > breakouts unless you are glued to a streaming quote service at > 6:30 AM PST. > Personally I don't think KP got "extended" today; I have watched > it trade > for months now and see a 10% intraday swing as being large for > it; hence I > termed it a breakout since it made a new high on strong vol. My > point was > that if you need to stick to the letter of the book then go > ahead, but you > are passing up valid breakouts because of an arbitrary number. > What you are > doing by "chasing" a stock is, of course, taking on higher risk. > Looking at > KP I would not chase it higher than 28-29, but would not have > ruled it out > today, if M was green light. > > On 12:06 PM 12/18/00, SWald@dkwlaw.com Said: > > >Tim, > > > >You said "Somethinbg about CANSLIM that has always bothered me > is that we > >want them > >to trade 5% above the pivot to qualify as a B/O then we also > want to only > >pay 5% above the pivot." > > > >My question is this: According to CANSLIM, isn't a B/O when the > price > >rises more than 1/8 above the relevant point (the highest point > on the > >handle, etc.) on 50%+ over the average volume of the past 50 > days? > > > >Thanks, > > > >Steve Wald > > > > > > > > > > Tim > > Fisher > > To: > > canslim@lists.xmission.com > > Sent > > by: cc: > > owner-canslim@lists.xm Subject: > Re: > > [CANSLIM] KP B/O > > ission.com > > > > > > > > > > > > 12/18/00 01:55 > > PM > > Please respond > > to > > canslim > > > > > > > > > > > > > > > > > >ABK looks to be trying as well, I own it too. It's 1/16 above > the pivot (56 > > > >7/8) on heavier that avg vol. > >Sometimes you cannot get the pivot, KP is so cheap that I think > the 8% or > >so vs. 5% is worth it; you would have to be a heck of a trader > to get that > > > >at 5%. Given a good M that is, which we still definitely do not > have. > >Somethinbg about CANSLIM that has always bothered me is that we > want them > >to trade 5% above the pivot to qualify as a B/O then we also > want to only > >pay 5% above the pivot. I cannot recall the last time I managed > to do that. > > > >On 10:38 AM 12/18/00, SWald@dkwlaw.com Said: > > > > >KP looks like a good stock, and is breaking out. But, a buyer > would > > >probably be chasing it right now because it appears to be > about 10% past > > >the pivot point. I am keeping an eye out to see if it drops > back into > > >range at the close. > > > > > >Steven Wald > > >Doepken Keevican & Weiss > > >swald@dkwlaw.com > > >www.dkwlaw.com > > >St. Louis*Pittsburgh*Cleveland*Detroit*Washington DC* > Harrisburg > > >(314) 588-2000 > > >(314) 588-2009 (fax) > > > > > > > > > > > > > > > Tim > > > Fisher > > > To: > > > canslim@lists.xmission.com > > > Sent > > > by: cc: > > > owner-canslim@lists.xm Subject: > [CANSLIM] > > > KP B/O > > > ission.com > > > > > > > > > > > > > > > > > > 12/18/00 12:26 > > > PM > > > Please respond > > > to > > > canslim > > > > > > > > > > > > > > > > > > > > > > > > > > >KP is breaking out of a nice long base today, pivot 25 and > change. Guess > > >you shouldn't buy based on M right now, but I own it and > noticed the move. > > >It's definitely a defensive, but also an HGS stock. > > > > > >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 > >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > >Tim@OreRockOn.com > >WWW: http://OreRockOn.com > >See naked fish and rocks! > > > > > >- > > > > > > > > > > > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - > > - - - ------------------------------ Date: Tue, 19 Dec 2000 00:58:30 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Non-Canslim: Broker execution question Barry, A stop order requires a stock to trade at that limit, or beyond it, not simply be quoted there. A thinly traded stock with a wider than average spread can often be quoted beyond the limit, but it must trade there. I checked both DGO and BigCharts, neither showed it trading below 26.25 today or Friday. Unfortunately I was unable to get time and sales from FreeRealTime. You have a valid protest, put it in writing and demand they show you time and sales for Friday, then compare the time they say they executed you with that report. Meanwhile, I will try tomorrow to check time and sales on Bloomberg (unless some kind member here with Bloomberg access beats me to it) and let you know what I find. But for the moment, looks like an incorrect sale. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Barry Marx To: Sent: Monday, December 18, 2000 5:45 PM Subject: [CANSLIM] Non-Canslim: Broker execution question I hope someone can help me with this. I know it's not Canslim, but hopefully the answer will be of use to others as well. I owned 60 shares of AFCO through ETrade, and had a sell stop set at 26 1/8. On Friday, I received a message, time stamped 12:35 PM, that the stop order had executed. I later noticed that the low for the day was listed as 26 3/4, both on ETrade and several other sources. Today, I questioned the validity of the execution. I later received an answer back, that, (as best I can remember from the phone conversation) "somewhere within NASDAQ there was a "quote" of 26 1/8, and as long as there was a "quote" at that price, it would be executed". I'm assuming their term "quote" means "bid", but even if so, why wouldn't that price be listed as the low for the day? Of course, given the current market, it may just be a matter of time before the stop would get executed anyway, but, in any case, here are my questions: - - Do I have a case that the execution was invalid, and the position should be reinstated? - - If so, what is the best way to lodge a protest? - - Is there any way to independently verify a stock's previous intraday trading prices for a situation like this? Thanks for your help, Barry - - - - ------------------------------ Date: Tue, 19 Dec 2000 01:04:10 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Traffic on the list Hi Dave, While I am not enthused about the industry groups showing up in my review of the DGO List every weekend, I would not be wasting the 2-3 hours every week to do the review if I thought it would not produce at least a few stocks with bases that are worth watching. Banks and home building cos dominate the list, along with a few remaining oil producing stocks. But there is the occasional tech stock, as well as a few biotechs now showing up. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Dave Cameron To: Sent: Monday, December 18, 2000 7:05 PM Subject: [CANSLIM] Traffic on the list Gee, I haven't logged in after work and seen this many messages in a long time - maybe there's renewed interest here. I still can't find anything to buy (and am still nursing some wounds), but its good to see people are alive. On the comments about bases - its my opinion that there are virtually none in stocks that are worth buying. The only bases I see are stocks that have been in the tank for quite a while - or utility stocks and the like - which aren't really CANSLIM. The stronger stocks are still generally in a downtrend. It seems even the ones with high RS are. Their RS is high relative to the general market. Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Shopping - Thousands of Stores. Millions of Products. http://shopping.yahoo.com/ - - - - ------------------------------ Date: Mon, 18 Dec 2000 23:25:43 -0800 From: "Behdad Forghani" Subject: Re: [CANSLIM] FW: Changes to Industry Groups - ----- Original Message ----- From: "Surindra" To: "canslimlist" Sent: Monday, December 18, 2000 6:07 PM Subject: [CANSLIM] FW: Changes to Industry Groups > Any one else in the new groups: Fiber Optics specially :-( I hope that you don't mind a bit of non-canslim comments from a chronic bull. There was a carnage on fiber optics issues today. IFCI dropped 37% on 7 times the average volume. EFNT dropped 20% on more than twice the average volume. TERN (Cable) dropped more than 60% on almost 7 times the average volume. The list goes on. To me, this signals nearing capitulation on telecom, specially, fiber optics, DSL and cable modem manufacturers. Although, JDSU and JNPR are holding well. After all, telecommunications is more than a passing fad. Although, I have been hurt a couple of times this year, I am tempted to go buttom fishing for ADCT when I feel the carnage is over and telecom starts building a base. I hope you did not own any of the melting issues. Regards, Behdad - - ------------------------------ Date: Tue, 19 Dec 2000 08:53:14 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] FW: Changes to Industry Groups I don't know about other major cities, but hundreds of miles of fiber optics cable is being laid all over this city, often on both sides of the roadway. Been going on for months, everywhere I drive here in Miami. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Behdad Forghani To: Sent: Tuesday, December 19, 2000 2:25 AM Subject: Re: [CANSLIM] FW: Changes to Industry Groups - ----- Original Message ----- From: "Surindra" To: "canslimlist" Sent: Monday, December 18, 2000 6:07 PM Subject: [CANSLIM] FW: Changes to Industry Groups > Any one else in the new groups: Fiber Optics specially :-( I hope that you don't mind a bit of non-canslim comments from a chronic bull. There was a carnage on fiber optics issues today. IFCI dropped 37% on 7 times the average volume. EFNT dropped 20% on more than twice the average volume. TERN (Cable) dropped more than 60% on almost 7 times the average volume. The list goes on. To me, this signals nearing capitulation on telecom, specially, fiber optics, DSL and cable modem manufacturers. Although, JDSU and JNPR are holding well. After all, telecommunications is more than a passing fad. Although, I have been hurt a couple of times this year, I am tempted to go buttom fishing for ADCT when I feel the carnage is over and telecom starts building a base. I hope you did not own any of the melting issues. Regards, Behdad - - - - ------------------------------ Date: Tue, 19 Dec 2000 06:07:33 -0800 (PST) From: Dave Cameron Subject: RE: [CANSLIM] Traffic on the list Tim, I guess I'm emphasizing the 'N' a bit. Insurance, health care, and home builders tend not to be able to meet that criterion, usually. Although they can be CASLIM. I don't believe 'N' is there nor 'M'. Dave > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim > Fisher > Sent: Monday, December 18, 2000 7:35 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Traffic on the list > > > I don't know what you consider to be CANSLIM but of the > stocks on my > watchlist I saw a good 1/2 dozen breakouts from solid > bases to new highs on > vol today. I'm not biting yet either but there are plenty > of good stocks > putting in bases near their highs and new breakouts on > all of these good M > days. What do you consider "and the like?" Food services? > Remember SYSCO? > Many of the examples in HTMMIS (such as SYSCO) are not > high-flying NASDAQ > techs - they're good old boring NYSE stocks in boring > industry groups like > insurance, oils, health care, home builders. > > On 04:05 PM 12/18/00, Dave Cameron Said: > > >Gee, I haven't logged in after work and seen this many > >messages in a long time - maybe there's renewed interest > >here. I still can't find anything to buy (and am still > >nursing some wounds), but its good to see people are > alive. > > > >On the comments about bases - its my opinion that there > are > >virtually none in stocks that are worth buying. The > only > >bases I see are stocks that have been in the tank for > quite > >a while - or utility stocks and the like - which aren't > >really CANSLIM. The stronger stocks are still > generally > >in a downtrend. It seems even the ones with high RS > are. > > Their RS is high relative to the general market. > > > >Dave Cameron > >dfcameron@yahoo.com > > > >__________________________________________________ > >Do You Yahoo!? > >Yahoo! Shopping - Thousands of Stores. Millions of > Products. > >http://shopping.yahoo.com/ > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > > > > - > __________________________________________________ Do You Yahoo!? Yahoo! Shopping - Thousands of Stores. Millions of Products. http://shopping.yahoo.com/ - - ------------------------------ Date: Tue, 19 Dec 2000 06:11:11 -0800 (PST) From: Dave Cameron Subject: Re: [CANSLIM] Traffic on the list - --- Patrick Wahl wrote: > > Wait a minute, how can the stronger stocks be in a > downtrend? > By definition, the stronger stocks are the ones going up, > and there > are some of those. I wonder if you mean the stronger > stocks from > the last major move up in the nasdaq are going down > (pmcs, sebl, > csco, adi, brcd etc. etc... Well... to answer your question directly, if all the major indices drop 50%, the strongest stocks could be down 10% and have an RS of 99 accordingly. Now, we're not quite to THAT stage. But, you're right, I wasn't clear. Over the last couple of years, there were a higher percentage of stocks that had an RS of 90+ that also had an EPS of 90+. Now it seems that the trend is more toward the stocks that have an RS of 90+ have an EPS of 60ish. Maybe it just seems that way to me... Dave __________________________________________________ Do You Yahoo!? Yahoo! Shopping - Thousands of Stores. Millions of Products. http://shopping.yahoo.com/ - - ------------------------------ End of canslim-digest V2 #1070 ****************************** 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.