From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1084 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 Monday, January 8 2001 Volume 02 : Number 1084 In this issue: Re: [CANSLIM] NEW GUY Re: [CANSLIM] capitulation? RE: [CANSLIM] capitulation? [CANSLIM] Test posting [CANSLIM] DGO List [CANSLIM] Fwd: Web Site Updated Re: [CANSLIM] Cmunny Online Traders Re: [CANSLIM] capitulation? Re: [CANSLIM] DGO List Re: [CANSLIM] capitulation? ---------------------------------------------------------------------- Date: Sat, 6 Jan 2001 20:00:24 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] NEW GUY - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Saturday, January 06, 2001 12:34 AM Subject: Re: [CANSLIM] NEW GUY > I have been using Quotes Plus for a couple of years now, very > happy with their service. It is like having an IBD database on your > computer that you can run scans on. With QP you get quite a few > fundamental pieces of information (eps and revenue growth, ROE, > market cap, etc), and they also provide their own EPS and RS > ranking, though these will differ from the IBD numbers. Thanks for the resource info. I'll take a look. For charts, I currently use TeleCharts2000. They also have a fair amount of info that can be scanned and sorted. Chuck Layne - - ------------------------------ Date: Sat, 6 Jan 2001 19:58:12 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] capitulation? - ----- Original Message ----- From: "Tom Worley" To: Sent: Friday, January 05, 2001 9:48 PM Subject: Re: [CANSLIM] capitulation? > For the short term, it appears that investors (read as > institutional money mangers) are suddenly fearing that the > economy is even worse than they feared. I don't believe that is > accurate, but as long as that becomes the new influence on "M", > it must be a factor. OK, question from a new guy: what does "M" stand for? Thanks. Chuck Layne - - ------------------------------ Date: Sat, 06 Jan 2001 17:39:24 -0800 From: Michael McCoy Subject: RE: [CANSLIM] capitulation? Market - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Charles Layne Sent: Saturday, January 06, 2001 4:58 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] capitulation? - ----- Original Message ----- From: "Tom Worley" To: Sent: Friday, January 05, 2001 9:48 PM Subject: Re: [CANSLIM] capitulation? > For the short term, it appears that investors (read as > institutional money mangers) are suddenly fearing that the > economy is even worse than they feared. I don't believe that is > accurate, but as long as that becomes the new influence on "M", > it must be a factor. OK, question from a new guy: what does "M" stand for? Thanks. Chuck Layne - - - - ------------------------------ Date: Sat, 6 Jan 2001 21:55:17 EST From: SKutney@aol.com Subject: [CANSLIM] Test posting - - ------------------------------ Date: Sun, 7 Jan 2001 11:00:02 -0500 From: "Tom Worley" Subject: [CANSLIM] DGO List Well, I am back after nearly 3 weeks of enforced silence. Finally found a new power supply for my aging 486 PC, even after Compaq demonstrated many reasons why I should buy a new PC from any of their competitors. Overall, the list of stocks in the Daily Graphs books with both RS and EPS of 80 or better, and within 5% or at a new high sometime during the week, totaled 271. Since I don't know how the two prior Fridays totaled, I will skip the trend comparison. As always, Bx means my shorthand for "B"ase where "x" is the nr of weeks, IMO. MTH - B4 NVR - B1+ MTON - B3+, looks nice EASI - B5 PHM - B1+ or B5, depending on how you weigh the pre-xmas slump MDC - B4, also had a pre-xmas slump TOL - B5, another home builder, group remains strong RCII - building a handle on a nice looking cup AMFH - LLUR HF - B2 BBT - B2 HTLD - B4 FCNB - B2 CBT - B7+ NCBC - B4 ICBC - B2 ABM - B4 MEL - B4 CBSH - B3 THRD - B3 Happy Hunting, Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------ Date: 7 Jan 2001 08:07:01 -0800 From: "Tim Fisher" Subject: [CANSLIM] Fwd: Web Site Updated >Please view graphics from the links at www.ianforum.com/markets.htm > >Industry Monitors will be distributing this market report also. Those of >you who are IRL subscribers will receive duplicate mailings until George >becomes the sole distributor of my weekly market update. If you wish to >continue receiving the update and are not an IRL subscriber, please notify >me to have you name added to George's mailing list. > >After Wednesday's record breaking 325 point rise on record volume sparked >by the Fed's surprise 50 basis point interest rate cut, reality returned >to the markets for the rest of the week. Part of Wednesday's 325 point >rise on over 3 billion shares of volume can be attributed to short >covering, while the rest of the move was due to euphoria based on hope of >an instant return to increasing corporate profits. An investor does not >want to fight the Fed, but a 13% spike when new corporate profits warnings >are being issued daily is ludicrous. > >Of course, on Thursday and early Friday morning, analysts were giving buy >recommendations for the likes of CSCO, EMC, SUNW, but investors who took >their advice suddenly found themselves in a hole. The only traders making >money in this market are those who are in and out of a stock, and if they >are wrong, they get out quickly. I nibbled on a stock that I have been >wanting to buy, but it gave back my profit yesterday, and if it hits my 7% >stop loss on Monday, I am out of it. This discipline has saved me a lot of >money during the Bear Market. If you don't have a trading plan or the >discipline to take a small loss, stay in money market funds and in your >foxhole. > > My current analysis of the Nasdaq: > >1. The moving averages are STILL showing no signs of turning up, and the >200 DMA is continuing its acceleration to the downside. This is unchanged >from last week. > >2. Volume extremely heavy this week, but the historic upside volume on >Wednesday was countered by down volume on Friday. > >3. The medium term trendline is still down, and will not be broken to the >upside until it reaches 2800. > >4. It is critical that the Nasdaq holds the new low of 2251 established on >Wednesday before the rate cut. > >5. The New High/Low and Advance/Decline lines were stabilizing and turning >up, but Friday's market action flattened them again. > >6. The Coppock is continuing down and is at record lows. > >7. In the bottom chart, the Accumulation/Distribution Indicators are >mixed. > >8. My Defensive Stocks Surrogate is wavering and is as uncertain of a >direction as the Nasdaq. > >9. This is a dangerous market. Experienced short term traders love the >volatility, but medium to longer term traders are increasing frustrated. >Preserve your capital for better and less volatile days. > >Ron > > >______________________________________________________________________ >To unsubscribe, write to hgsinvestor-unsubscribe@listbot.com Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sat, 6 Jan 2001 21:55:35 -0800 From: "Mike Lucero" Subject: Re: [CANSLIM] Cmunny Online Traders I subscribe to both Daily Graphs Online (IBD numbers) and Quotes Plus. If I make lists of EPS >=80 and RS >= 80 using both, they will be different but have a lot of overlap. Where quarterly earnings numbers are different, for example, one would have to decide which service to believe. I choose to just use DGO numbers to make decisions, as I think they produce the numbers themselves, plus they're an expensive service which forces me to think their numbers are worth more. I don't think you can compare the numbers from two services and decide which are better a stock at a time. Using three services, you could attempt to, but I don't think it's worth the effort. If you're trying to do CANSLIM, one thing to watch for is the definition of "I". Most services report Institutional Ownership as banks+funds, while IBD/DGO separates the two. "I" is supposed to be just funds. Mike - ----- Original Message ----- From: "Charles Layne" To: Sent: Saturday, January 06, 2001 5:11 PM Subject: Re: [CANSLIM] Cmunny Online Traders - ----- Original Message ----- From: "charles maier" To: Sent: Thursday, January 04, 2001 9:49 PM Subject: [CANSLIM] Cmunny Online Traders > Right now, I am in the process of doing sector > analysis of all 31 of the main sectors of the market > as composed in Telechart 2000's database and posting > watchlists, chart links, and educational articles into > my club site. > > I am using fairly simple scan strategies. I have > gone through each sector looking at 90% day price > performance of the "leading" stocks in each sector and > subsector. This gives a very good feel as to the > strength weakness of each sector and visually shows > one which stocks are at or near good breakout points. > I am also including in my sector watchlists important > stocks, no matter what their current condition. I, too, use TC2000 for my charting service. I subscribed last year after my former service discontinued their low end software, which I used. Didn't feel up to paying for their more expensive offerings. I will admit that I haven't been able to dedicate myself to using some of TC2000 finer qualities until recently, so I am still not too familiar with it beyond the basics. I have, off and on, tried to meld TC2000 info with IBD info. I have discovered, though, that the two do not always match. For instance, a scan result of high percentage EPS and sales numbers on TC2000 don't always yield very good numbers in the IBD listings. What tricks, if any, do you use to "match up" TC2000 with IBD? Or am I sort of barking up the wrong tree? Do you use TC2000 to look for stocks forming bases? If so, how? Also, how do you like Worden's proprietary info such as BOP & TSV? Chuck Layne - - - - ------------------------------ Date: Sun, 7 Jan 2001 15:20:09 -0600 From: "walter nusbaum" Subject: Re: [CANSLIM] capitulation? Market Direction - ----- Original Message ----- From: "Michael McCoy" To: Sent: Saturday, January 06, 2001 7:39 PM Subject: RE: [CANSLIM] capitulation? > Market > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Charles Layne > Sent: Saturday, January 06, 2001 4:58 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] capitulation? > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, January 05, 2001 9:48 PM > Subject: Re: [CANSLIM] capitulation? > > > > For the short term, it appears that investors (read as > > institutional money mangers) are suddenly fearing that the > > economy is even worse than they feared. I don't believe that is > > accurate, but as long as that becomes the new influence on "M", > > it must be a factor. > > OK, question from a new guy: what does "M" stand for? Thanks. > > Chuck Layne > > > > - > > > - > - - ------------------------------ Date: Sun, 07 Jan 2001 17:33:57 -0600 From: Kent Norman Subject: Re: [CANSLIM] DGO List It is nice to know some stocks go up despite the dips in the general market. Here are the earnings dates per Excite.com MTH 02/06/2001 NVR 02/08/2001 MTON 02/08/2001 EASI 02/14/2001 PHM 01/19/2001 MDC 01/15/2001 TOL 02/15/2001 RCII 02/08/2001 AMFH n/a HF 01/18/2001 BBT 01/12/2001 HTLD 01/22/2001 FCNB 01/9/2001 CBT 01/22/2001 NCBC 01/17/2001 ICBC 01/18/2001 ABM 03/12/2001 MEL 01/16/2001 CBSH 01/16/2001 THRD n/a Kent - --------- Tom Worley wrote: > > > MTH - B4 > NVR - B1+ > MTON - B3+, looks nice > EASI - B5 > PHM - B1+ or B5, depending on how you weigh the pre-xmas slump > MDC - B4, also had a pre-xmas slump > TOL - B5, another home builder, group remains strong > RCII - building a handle on a nice looking cup > AMFH - LLUR > HF - B2 > BBT - B2 > HTLD - B4 > FCNB - B2 > CBT - B7+ > NCBC - B4 > ICBC - B2 > ABM - B4 > MEL - B4 > CBSH - B3 > THRD - B3 > > Happy Hunting, > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > - - - ------------------------------ Date: Sun, 7 Jan 2001 22:06:27 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] capitulation? - ---- Original Message ----- From: "walter nusbaum" To: Sent: Sunday, January 07, 2001 4:20 PM Subject: Re: [CANSLIM] capitulation? > Market Direction Gotcha. Thanks. Chuck Layne - - ------------------------------ End of canslim-digest V2 #1084 ****************************** 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.