From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1098 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 Thursday, January 25 2001 Volume 02 : Number 1098 In this issue: [CANSLIM] Kent has changed address Re: [CANSLIM] Industry Groups Re: [CANSLIM] M, DGO list, and new industry groups [CANSLIM] Hi CANSLIMers Re: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] M, DGO list, and new industry groups [CANSLIM] HGS - High Growth Stocks Re: [CANSLIM] HGS - High Growth Stocks Re: [CANSLIM] M, DGO list, and new industry groups [CANSLIM] HOTT Re: [CANSLIM] Industry Groups Re: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] HOTT RE: [CANSLIM] Hi CANSLIMers RE: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] Hi CANSLIMers THE CONTRARIAN BUY ALERT 21022 Re: [CANSLIM] Hi CANSLIMers ---------------------------------------------------------------------- Date: Wed, 24 Jan 2001 07:19:41 -0800 (PST) From: Kent Norman Subject: [CANSLIM] Kent has changed address HI all My previous email account was bouncing too much so I changed over to this address. I have been out of touch for the past few days. Are you folks still doing well? I wish I had more money to put into a few items. Regards Kent Norman __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Wed, 24 Jan 2001 08:35:01 -0800 From: Eric Shen Subject: Re: [CANSLIM] Industry Groups Just curious, have they improved the format of the Industry Group and Ticker Symbol "Book"? I remember shelling out $10 many years ago and got about 6 photocopied sheets with the industry groups. I don't mind the format, but I thought that $10 was a bit pricey. esetser wrote: > > You can look up specific stocks in Daily Graphs online. For a complete > list, you need to purchase the IBD Industry Group and Ticker Symbol book. > They update it twice a year I think and it gives all the stocks in the > group sorted various ways. It is advertised in the paper every once in a > while. > > At 10:01 PM 1/21/01 EST, you wrote: > >Have been folloing the mail list for some time, great reading and > >camaraderie! > > > >Where can we find the list of individual stocks for the industry groups named > >in IBD? > > > >Thanks, > >Paul SMITH > >Wyomissing, PA > > > > > >- > > > > > > > > - - -- Eric Shen MS LOC3-8 Intel Corporation email: eshen@level1.com 9750 Goethe Road Tel: (916) 855 5177 x4497 Sacramento, CA 95827 - - ------------------------------ Date: Wed, 24 Jan 2001 08:42:02 -0800 From: Eric Shen Subject: Re: [CANSLIM] M, DGO list, and new industry groups Fredrick Doolittle wrote: > > > Lately banking / financial has been hot, and unfortunately that's an > indsustry that I just don't fully understand why a slough of companies > suddenly have 80% growth when the market would seem to be mature. > > Thoughts? Rebuttals? > Bankings and Financials should do well when interest rates come down. They have locked in loans at higher rates while being able to borrow at lower rates. The only concerns are defaults and re-fi's. I heard that regional savings and loans may do better. My thinking is that the regional savings and loans probably have less exposure to defaults of major corporations (dot-com burn rate victims). - -- Eric Shen MS LOC3-8 Intel Corporation email: eshen@level1.com 9750 Goethe Road Tel: (916) 855 5177 x4497 Sacramento, CA 95827 - - ------------------------------ Date: Wed, 24 Jan 2001 10:09:06 -0800 (PST) From: May Ed Subject: [CANSLIM] Hi CANSLIMers Hi CANSLIMers. This is my first post to this list, I've been lurking for several months. I started CS last April after it became apparent to me that the Naz run was finished. I raised a lot of cash during Apr/May and ended up re-deploying a lot of it during the June/Aug rally. I didn't end up with many winners during this time as so many BOs failed. I probably overtraded trying to get back into the market in what turned out to be a bear market rally. I lost money getting nickel and dimed to death. By Aug I was stopped out of everything and near 100% cash. I made no new long trades from Sep until the Fed eased and we've had an FTD. So I saved myself a lot of frustration trying to fight the bear. Hated sitting on the sidelines, but felt comfortable being in cash as the Naz tanked. Now that the Fed is in ease mode and the market is rallying despite bad news, I'm trying to get back in--slowly. I tried ALSI a week ago and ESA yesterday. Stopped dead on huge distribution within a day or two. Feels just like last summer where BOs were followed by breakdowns. These breakdowns just get me really peeved. I haven't had one big winner yet since I started this. Not one. Nearly every "winner" I've had has been of the "dont let a gain become a loss" variety. I'm frustrated, but I probably would have had my port more than cut in half had I not abandoned buy&hold and started CS. Instead I suffered a -20% decline in '00. So, while I'm very frustrated for not having found any meaningful winners, I'm not completely unhappy with my performance in the past, dismal, year. So that's my story of how I came to CS. Later, I'm going to make an actual contribution to the list as I'll be posting links to some screens I use with BigEasy Investor to locate CANSLIM quality stocks. Ed __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Wed, 24 Jan 2001 10:28:32 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Hi CANSLIMers You are in the same position as myself and I suspect the majority of this list, namely 100% (or nearly so) cash, stung by last year, and debating whether any of these breakouts have a snowball's chance in hell. I too watched ESA yesterday but didn't like the lack of a base; the correct time to buy would have been the day it broke 14 on heavy vol. I'm sitting here watching SPF charge onto new highs after stopping me out twice. Ditto with SHFL. Also SKX "base, we don't need no stinking base!" Sketchers. Never did catch that one. And to boot all the homebuilders mini-corrected and are now mostly within 10% of their highs again (without me, except LEN which somehow failed to stop me out). It's a strange market, I don't even know what to watch right now, so I'm staying out for lack of nerves. Oh yeah and my wife's huge glob of MCD is tanking again due to Mad Cow. Go figure. After being up close to 50% she is now negative; even her options would cost money to cash in! Welcome to the jungle! On 10:09 AM 1/24/01, May Ed Said: >Hi CANSLIMers. > >This is my first post to this list, I've been lurking >for several months. I started CS last April after it >became apparent to me that the Naz run was finished. >I raised a lot of cash during Apr/May and ended up >re-deploying a lot of it during the June/Aug rally. I >didn't end up with many winners during this time as so >many BOs failed. I probably overtraded trying to get >back into the market in what turned out to be a bear >market rally. I lost money getting nickel and dimed >to death. By Aug I was stopped out of everything and >near 100% cash. > >I made no new long trades from Sep until the Fed eased >and we've had an FTD. So I saved myself a lot of >frustration trying to fight the bear. Hated sitting >on the sidelines, but felt comfortable being in cash >as the Naz tanked. > >Now that the Fed is in ease mode and the market is >rallying despite bad news, I'm trying to get back >in--slowly. I tried ALSI a week ago and ESA >yesterday. Stopped dead on huge distribution within a >day or two. Feels just like last summer where BOs >were followed by breakdowns. > >These breakdowns just get me really peeved. I haven't >had one big winner yet since I started this. Not one. > Nearly every "winner" I've had has been of the "dont >let a gain become a loss" variety. I'm frustrated, >but I probably would have had my port more than cut in >half had I not abandoned buy&hold and started CS. >Instead I suffered a -20% decline in '00. So, while >I'm very frustrated for not having found any >meaningful winners, I'm not completely unhappy with my >performance in the past, dismal, year. > >So that's my story of how I came to CS. Later, I'm >going to make an actual contribution to the list as >I'll be posting links to some screens I use with >BigEasy Investor to locate CANSLIM quality stocks. > >Ed > >__________________________________________________ >Do You Yahoo!? >Yahoo! Auctions - Buy the things you want at great prices. >http://auctions.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: Wed, 24 Jan 2001 10:56:29 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] M, DGO list, and new industry groups HI I understand that the experts say the time to buy banking / financial is when rates drop. I was under the impression that when a loan was made, the money was provided at close, so how could they later borrow that money at a lower rate? Thanks Kent - --- Eric Shen wrote: > Fredrick Doolittle wrote: > > > > > > Lately banking / financial has been hot, and > unfortunately that's an > > indsustry that I just don't fully understand why a > slough of companies > > suddenly have 80% growth when the market would > seem to be mature. > > > > Thoughts? Rebuttals? > > > > Bankings and Financials should do well when interest > rates come down. > They have locked in loans at higher rates while > being able to borrow > at lower rates. The only concerns are defaults and > re-fi's. I heard > that regional savings and loans may do better. My > thinking is that the > regional savings and loans probably have less > exposure to defaults of > major corporations (dot-com burn rate victims). > > > > -- > Eric Shen MS LOC3-8 Intel > Corporation > email: eshen@level1.com 9750 Goethe > Road > Tel: (916) 855 5177 x4497 Sacramento, CA > 95827 > > - > __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Wed, 24 Jan 2001 15:10:28 -0800 (PST) From: rolatzi Subject: [CANSLIM] HGS - High Growth Stocks I just got an update of quotes plus 2 (QP2) as my computer could no longer access the QP2 database. I was pleased to find that a new module was available, namely HGS tabulation. Has anyone been using the HGS stocks on QP2? Any scan can be examined in an HGS table format with QRS, EPS, GS. A CANSLIM scan can pull out QRS>80, EPS>80 for example. Has anyone been using HGS? Other ideas would be appreciated. Thanks, rolatzi __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Wed, 24 Jan 2001 15:25:43 -0800 From: Tim Fisher Subject: Re: [CANSLIM] HGS - High Growth Stocks Woodward's site has QP2 scans for HGS stocks, I believe. On 03:10 PM 1/24/01, rolatzi Said: >I just got an update of quotes plus 2 (QP2) as my computer >could no longer access the QP2 database. I was pleased to >find that a new module was available, namely HGS >tabulation. Has anyone been using the HGS stocks on QP2? >Any scan can be examined in an HGS table format with QRS, >EPS, GS. A CANSLIM scan can pull out QRS>80, EPS>80 for >example. Has anyone been using HGS? Other ideas would be >appreciated. >Thanks, >rolatzi > >__________________________________________________ >Do You Yahoo!? >Yahoo! Auctions - Buy the things you want at great prices. >http://auctions.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: Wed, 24 Jan 2001 20:21:19 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] M, DGO list, and new industry groups Traditionally, banks are loaning that money by "borrowing" from their depositors. Of course, the depositors in CDs, savings accounts, and usually non-interest bearing checking accounts are being paid far less of an interest rate than is being charged to the person taking out the loan. Realistically, banks are no longer really making a lot of their income on interest earned from loans. An ever increasing amount for some years has come from the fees charged for the issuance of those loans. This is typically true of home mortgages (closing costs), where very few banks any longer hold these loans more than six months. So for home mortgages, they really want to roll these loans over quickly, usually by selling to a govt agency such as FNMA or GNMA. This also shortens and reduces their credit and refi risks. When rates start to drop, bank income increases because of the greater volume of refinancing (refi) as borrowers scramble to lock in a lower rate than they have been paying. The ironic part is that when rates start to drop, but sentiment indicates they will continue to drop, many people that can will hold off refinancing in the expectation of a several month delay getting them an even better deal. So, if you see banks offering below market deals with no points or closing costs, you will know they are hungry for business. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Kent Norman To: Sent: Wednesday, January 24, 2001 1:56 PM Subject: Re: [CANSLIM] M, DGO list, and new industry groups HI I understand that the experts say the time to buy banking / financial is when rates drop. I was under the impression that when a loan was made, the money was provided at close, so how could they later borrow that money at a lower rate? Thanks Kent - --- Eric Shen wrote: > Fredrick Doolittle wrote: > > > > > > Lately banking / financial has been hot, and > unfortunately that's an > > indsustry that I just don't fully understand why a > slough of companies > > suddenly have 80% growth when the market would > seem to be mature. > > > > Thoughts? Rebuttals? > > > > Bankings and Financials should do well when interest > rates come down. > They have locked in loans at higher rates while > being able to borrow > at lower rates. The only concerns are defaults and > re-fi's. I heard > that regional savings and loans may do better. My > thinking is that the > regional savings and loans probably have less > exposure to defaults of > major corporations (dot-com burn rate victims). > > > > -- > Eric Shen MS LOC3-8 Intel > Corporation > email: eshen@level1.com 9750 Goethe > Road > Tel: (916) 855 5177 x4497 Sacramento, CA > 95827 > > - > __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - - - ------------------------------ Date: 24 Jan 2001 19:46:54 CST From: Fanus Subject: [CANSLIM] HOTT Hi I am watching HOTT for the last couple of days now and was wondering what= the group's thoughts on it is? It look like it is forming a handle. Can this = be considered as a Cup with Handle, or was the correction to steep and too m= uch V-like? IBD ratings look ok, but EPS growth seem to be slowing down a li= ttle, but still look good. Any thoughts would be appreciated? Regards - - Fanus ____________________________________________________________________ Get free email and a permanent address at http://www.netaddress.com/?N=3D= 1 - - ------------------------------ Date: Wed, 24 Jan 2001 19:02:17 -0700 From: esetser Subject: Re: [CANSLIM] Industry Groups I think they have upgraded the book and the price :-). The book is about 114 pages at about 8 1/2" x 11". There are 3 sections, Industry Group list, Security List, and Symbol list, so you can look various things up easily. I think the cost was more list $30 or so, but I don't remember exactly. My issue does say Jan 2000, so they should be putting one out this month. At 08:35 AM 1/24/01 -0800, you wrote: > >Just curious, have they improved the format of the Industry Group and >Ticker Symbol "Book"? I remember shelling out $10 many years ago and >got about 6 photocopied sheets with the industry groups. I don't mind >the format, but I thought that $10 was a bit pricey. > > >esetser wrote: >> >> You can look up specific stocks in Daily Graphs online. For a complete >> list, you need to purchase the IBD Industry Group and Ticker Symbol book. >> They update it twice a year I think and it gives all the stocks in the >> group sorted various ways. It is advertised in the paper every once in a >> while. >> >> At 10:01 PM 1/21/01 EST, you wrote: >> >Have been folloing the mail list for some time, great reading and >> >camaraderie! >> > >> >Where can we find the list of individual stocks for the industry groups named >> >in IBD? >> > >> >Thanks, >> >Paul SMITH >> >Wyomissing, PA >> > >> > >> >- >> > >> > >> > >> >> - > >-- >Eric Shen MS LOC3-8 Intel Corporation >email: eshen@level1.com 9750 Goethe Road >Tel: (916) 855 5177 x4497 Sacramento, CA 95827 > >- > > > - - ------------------------------ Date: Wed, 24 Jan 2001 21:06:52 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Hi CANSLIMers Unlike most, I remained fully invested in my IRA (mostly because of neglect due lack of time), and fully invested in my 401 as well (unfortunately done the day the Feds cut the rates, should have waited several days). But before that I was over 90% invested in my 401K. My gains in January for my IRA already made up all my losses for 2000, and I am ahead just for 2001 about 30+%, so glad I remained fully invested there. In my 401K, I am up just over 3% as of yesterday's close (3 growth mutual funds), and happy about that since I was down over 8% for the year by January 8. So even a small net gain for the year feels pretty good right now. Ultimately, this has so far been a good time to be fully invested. Next week may prove critical with what Greenspan tells the Senate Budget Committee regarding tax cut wisdom vs reducing the national debt (tomorrow) and the FOMC meeting on Tue and Wed (qtr pt vs half pt cut). C U Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Tim Fisher To: Sent: Wednesday, January 24, 2001 1:28 PM Subject: Re: [CANSLIM] Hi CANSLIMers You are in the same position as myself and I suspect the majority of this list, namely 100% (or nearly so) cash, stung by last year, and debating whether any of these breakouts have a snowball's chance in hell. I too watched ESA yesterday but didn't like the lack of a base; the correct time to buy would have been the day it broke 14 on heavy vol. I'm sitting here watching SPF charge onto new highs after stopping me out twice. Ditto with SHFL. Also SKX "base, we don't need no stinking base!" Sketchers. Never did catch that one. And to boot all the homebuilders mini-corrected and are now mostly within 10% of their highs again (without me, except LEN which somehow failed to stop me out). It's a strange market, I don't even know what to watch right now, so I'm staying out for lack of nerves. Oh yeah and my wife's huge glob of MCD is tanking again due to Mad Cow. Go figure. After being up close to 50% she is now negative; even her options would cost money to cash in! Welcome to the jungle! On 10:09 AM 1/24/01, May Ed Said: >Hi CANSLIMers. > >This is my first post to this list, I've been lurking >for several months. I started CS last April after it >became apparent to me that the Naz run was finished. >I raised a lot of cash during Apr/May and ended up >re-deploying a lot of it during the June/Aug rally. I >didn't end up with many winners during this time as so >many BOs failed. I probably overtraded trying to get >back into the market in what turned out to be a bear >market rally. I lost money getting nickel and dimed >to death. By Aug I was stopped out of everything and >near 100% cash. > >I made no new long trades from Sep until the Fed eased >and we've had an FTD. So I saved myself a lot of >frustration trying to fight the bear. Hated sitting >on the sidelines, but felt comfortable being in cash >as the Naz tanked. > >Now that the Fed is in ease mode and the market is >rallying despite bad news, I'm trying to get back >in--slowly. I tried ALSI a week ago and ESA >yesterday. Stopped dead on huge distribution within a >day or two. Feels just like last summer where BOs >were followed by breakdowns. > >These breakdowns just get me really peeved. I haven't >had one big winner yet since I started this. Not one. > Nearly every "winner" I've had has been of the "dont >let a gain become a loss" variety. I'm frustrated, >but I probably would have had my port more than cut in >half had I not abandoned buy&hold and started CS. >Instead I suffered a -20% decline in '00. So, while >I'm very frustrated for not having found any >meaningful winners, I'm not completely unhappy with my >performance in the past, dismal, year. > >So that's my story of how I came to CS. Later, I'm >going to make an actual contribution to the list as >I'll be posting links to some screens I use with >BigEasy Investor to locate CANSLIM quality stocks. > >Ed > >__________________________________________________ >Do You Yahoo!? >Yahoo! Auctions - Buy the things you want at great prices. >http://auctions.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: Wed, 24 Jan 2001 19:32:22 -0700 From: esetser Subject: Re: [CANSLIM] Hi CANSLIMers Wow, I was also in and out of ALSI and ESA. ESA did a real yoyo on us today after a nice runup yesterday. Ouch. My third loss was SHFL which did a hard drop followed by a full recovery and now is moving higher. Oh well, getting out when they come back is the bad part of hard stops. (Getting out right away is the good part for the stocks that continue down.) At 10:09 AM 1/24/01 -0800, you wrote: >Hi CANSLIMers. > >This is my first post to this list, I've been lurking >for several months. I started CS last April after it >became apparent to me that the Naz run was finished. >I raised a lot of cash during Apr/May and ended up >re-deploying a lot of it during the June/Aug rally. I >didn't end up with many winners during this time as so >many BOs failed. I probably overtraded trying to get >back into the market in what turned out to be a bear >market rally. I lost money getting nickel and dimed >to death. By Aug I was stopped out of everything and >near 100% cash. > >I made no new long trades from Sep until the Fed eased >and we've had an FTD. So I saved myself a lot of >frustration trying to fight the bear. Hated sitting >on the sidelines, but felt comfortable being in cash >as the Naz tanked. > >Now that the Fed is in ease mode and the market is >rallying despite bad news, I'm trying to get back >in--slowly. I tried ALSI a week ago and ESA >yesterday. Stopped dead on huge distribution within a >day or two. Feels just like last summer where BOs >were followed by breakdowns. > >These breakdowns just get me really peeved. I haven't >had one big winner yet since I started this. Not one. > Nearly every "winner" I've had has been of the "dont >let a gain become a loss" variety. I'm frustrated, >but I probably would have had my port more than cut in >half had I not abandoned buy&hold and started CS. >Instead I suffered a -20% decline in '00. So, while >I'm very frustrated for not having found any >meaningful winners, I'm not completely unhappy with my >performance in the past, dismal, year. > >So that's my story of how I came to CS. Later, I'm >going to make an actual contribution to the list as >I'll be posting links to some screens I use with >BigEasy Investor to locate CANSLIM quality stocks. > >Ed > >__________________________________________________ >Do You Yahoo!? >Yahoo! Auctions - Buy the things you want at great prices. >http://auctions.yahoo.com/ > >- > > > - - ------------------------------ Date: Wed, 24 Jan 2001 19:40:14 -0700 From: esetser Subject: Re: [CANSLIM] HOTT My thoughts on HOTT are a little different. I had it down as a base that broke out in early December, and then the breakout failed. Since then it has formed a short cup (about 5 weeks) and moved into a new breakout. I consider this base too short to consider. Now that it has broken out, it looks to be forming a "high handle", that is a handle above the previous pivot. In this case, the handle high is quite a bit above the last pivot, over 20%. I would consider this as well out of range from a CANSLIM perspective. At 07:46 PM 1/24/01 CST, you wrote: >Hi > >I am watching HOTT for the last couple of days now and was wondering what the >group's thoughts on it is? It look like it is forming a handle. Can this be >considered as a Cup with Handle, or was the correction to steep and too much >V-like? IBD ratings look ok, but EPS growth seem to be slowing down a little, >but still look good. Any thoughts would be appreciated? > >Regards >- Fanus > >____________________________________________________________________ >Get free email and a permanent address at http://www.netaddress.com/?N=1 > >- > > > - - ------------------------------ Date: Thu, 25 Jan 2001 10:10:52 +0700 From: "Peter Christiansen" Subject: RE: [CANSLIM] Hi CANSLIMers I bought ESA on 1/9, and more yesterday. I was promptly stopped out of everything today. This market is a real bitch. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Thursday, January 25, 2001 1:29 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hi CANSLIMers You are in the same position as myself and I suspect the majority of this list, namely 100% (or nearly so) cash, stung by last year, and debating whether any of these breakouts have a snowball's chance in hell. I too watched ESA yesterday but didn't like the lack of a base; the correct time to buy would have been the day it broke 14 on heavy vol. I'm sitting here watching SPF charge onto new highs after stopping me out twice. Ditto with SHFL. Also SKX "base, we don't need no stinking base!" Sketchers. Never did catch that one. And to boot all the homebuilders mini-corrected and are now mostly within 10% of their highs again (without me, except LEN which somehow failed to stop me out). It's a strange market, I don't even know what to watch right now, so I'm staying out for lack of nerves. Oh yeah and my wife's huge glob of MCD is tanking again due to Mad Cow. Go figure. After being up close to 50% she is now negative; even her options would cost money to cash in! Welcome to the jungle! - - ------------------------------ Date: Thu, 25 Jan 2001 10:10:52 +0700 From: "Peter Christiansen" Subject: RE: [CANSLIM] Hi CANSLIMers I bought ESA on 1/9, and more yesterday. I was promptly stopped out of everything today. This market is a real bitch. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Thursday, January 25, 2001 1:29 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hi CANSLIMers You are in the same position as myself and I suspect the majority of this list, namely 100% (or nearly so) cash, stung by last year, and debating whether any of these breakouts have a snowball's chance in hell. I too watched ESA yesterday but didn't like the lack of a base; the correct time to buy would have been the day it broke 14 on heavy vol. I'm sitting here watching SPF charge onto new highs after stopping me out twice. Ditto with SHFL. Also SKX "base, we don't need no stinking base!" Sketchers. Never did catch that one. And to boot all the homebuilders mini-corrected and are now mostly within 10% of their highs again (without me, except LEN which somehow failed to stop me out). It's a strange market, I don't even know what to watch right now, so I'm staying out for lack of nerves. Oh yeah and my wife's huge glob of MCD is tanking again due to Mad Cow. Go figure. After being up close to 50% she is now negative; even her options would cost money to cash in! Welcome to the jungle! - - ------------------------------ Date: Wed, 24 Jan 2001 23:18:05 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Hi CANSLIMers Hi Ed, Welcome to the group, and hope you enjoy it. I would try to correct one misperception, CANSLIM is also a "buy and hold" concept, or philosophy. The big difference that I found is that it comes complete with a full set of selling rules, unlike a lot of other strategies. In fact, the selling rules far out surpasses the buying rules. The key element is to preserve capital, so you can continue to play the game another day. You entered the game (and it really is that, with the score kept by the continuing value of the portfolio) at a tough period for a CANSLIMer, and one that found most either cashing out, or nibbling at the edges. I am glad to see you recognize that it afforded you that edge to at least preserve capital. With the Feds cutting rates, and likely to continue to do so for the short term at least, we should be entering an era where the most cost efficient companies begin to surpass the rest in terms of earnings growth acceleration (EPS percentile rankings). This should favor CANSLIMers in being able to salt their portfolios with the "best of the best" in terms of overall achievers. Regards, Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: May Ed To: Sent: Wednesday, January 24, 2001 1:09 PM Subject: [CANSLIM] Hi CANSLIMers Hi CANSLIMers. This is my first post to this list, I've been lurking for several months. I started CS last April after it became apparent to me that the Naz run was finished. I raised a lot of cash during Apr/May and ended up re-deploying a lot of it during the June/Aug rally. I didn't end up with many winners during this time as so many BOs failed. I probably overtraded trying to get back into the market in what turned out to be a bear market rally. I lost money getting nickel and dimed to death. By Aug I was stopped out of everything and near 100% cash. I made no new long trades from Sep until the Fed eased and we've had an FTD. So I saved myself a lot of frustration trying to fight the bear. Hated sitting on the sidelines, but felt comfortable being in cash as the Naz tanked. Now that the Fed is in ease mode and the market is rallying despite bad news, I'm trying to get back in--slowly. I tried ALSI a week ago and ESA yesterday. Stopped dead on huge distribution within a day or two. Feels just like last summer where BOs were followed by breakdowns. These breakdowns just get me really peeved. I haven't had one big winner yet since I started this. Not one. Nearly every "winner" I've had has been of the "dont let a gain become a loss" variety. I'm frustrated, but I probably would have had my port more than cut in half had I not abandoned buy&hold and started CS. Instead I suffered a -20% decline in '00. So, while I'm very frustrated for not having found any meaningful winners, I'm not completely unhappy with my performance in the past, dismal, year. So that's my story of how I came to CS. Later, I'm going to make an actual contribution to the list as I'll be posting links to some screens I use with BigEasy Investor to locate CANSLIM quality stocks. Ed __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - - - ------------------------------ Date: Thu, 25 Jan 2001 05:02:35 +0000 (GMT) From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] Hi CANSLIMers On Wed, 24 Jan 2001 21:06:52 -0500, you wrote: :Unlike most, I remained fully invested in my IRA (mostly because :of neglect due lack of time), and fully invested in my 401 as :well (unfortunately done the day the Feds cut the rates, should :have waited several days). But before that I was over 90% :invested in my 401K. My gains in January for my IRA already made :up all my losses for 2000, and I am ahead just for 2001 about :30+%, so glad I remained fully invested there. In my 401K, I am :up just over 3% as of yesterday's close (3 growth mutual funds), :and happy about that since I was down over 8% for the year by :January 8. So even a small net gain for the year feels pretty :good right now. : :Ultimately, this has so far been a good time to be fully :invested. Next week may prove critical with what Greenspan tells :the Senate Budget Committee regarding tax cut wisdom vs reducing :the national debt (tomorrow) and the FOMC meeting on Tue and Wed :(qtr pt vs half pt cut). : :C U : :Tom Worley :stkguru@netside.net I'm worried about the 1/2 point versus 1/4 point scenario next week that you point out, Tom. Sometimes I have a gut feeling, but not this time. Maybe it's because I haven't been paying close enough attention. I saw an extremely bullish analyst (Lehman Bros.?) on PBS Nightly Bus. Report last night who said that if it is .25 and not .50, there will be a vicious sell-off. I don't want any part of that and jumped out of the only position I've had in a couple of months, CTXS, purchased last Thursday. I liked the chart with its long base and very gradual rise and the breakout Thursday morning was something I couldn't resist. The brutal selloff some months ago is an ugly omen, but I thought perhaps the broad base that followed would propel the stock upward, especially after good news and analyst upgrades sparked the rally late last week. I bailed this morning before the stock dipped during the day and am now glad. Last time I sold CTXS was less than 24 hours before it jumped from about 80 to 105 or so on its way to 120-ish numbers end of 1999!! Well, in this market, I'm happy enough to get out with a couple of points. I certainly don't expect a run like there was at the end of '99.=20 Note, the ^VIX (volatility index) today was around 25, admittedly less than the 30ish numbers we were seeing a week or two ago, but still well above the 20 or so you've pointed out to be the range where CANSLIM stocks do well. To all: IBD's Big Picture almost daily is lamenting the lack of evident leadership. The only stocks that are behaving like leaders are in sectors that historically have not provided leadership in bull markets. That's not to say that this rally will fail like all the others that we've been seeing 2nd half of 2000. Indeed, this rally has been very well behaved for 3 weeks now, as duly pointed out in the Big Picture the last couple of days. What makes this one different, besides the telling volume versus index action? Only the Fed action, as far as I can see. However, a very big change (hope it holds) is that the market is not going south every time some bad news crops up. PS. I know that CTXS is hardly a CANSLIM stock. RS around 80 just makes it, but the EPS is around 60. Accumulation/Distribution is A now though, I think. Couldn't resist that chart. - - Dan - - ------------------------------ Date: Thu, 25 Jan 2001 01:20:18 -0500 From: a1@naa.go.jp Subject: THE CONTRARIAN BUY ALERT 21022 FINANCIAL PERFORMANCE CORPORATION Listed: NASDAQ SmallCap Market Symbol: FPCX Recent Price: 4 1/4 52 Week Range: 17-2 Shares Outstanding: 11.4 million Estimated Float: 2.95 million Everyone knows that the NASDAQ index has dropped more than 50% since March, so The Contrarian is excited about buying opportunities. Because of this, we now present our first ever NASDAQ listed stock, Financial Performance Corporation. FPCX has what we always look for: strong management, a small float, and a depressed price. The catalyst for our recommendation is the news released on January 16th that FPCX has acquired Willey Brothers, Inc., a sophisticated financial services firm. Willey reported revenues of approximately $45 million for the year 2000, with earnings of around $4.5 million, and a history of 17 straight years of profitability. This is the type of acquisition that can be used as a building block for many more buyouts in the near future. What makes this significant is the background of the management team. CEO Jeffrey S. Silverman took Amex listed PlyGem Industries from a market capitalization of $5 million to $500 million (!) when it then merged with Nortek (NYSE-NTK-28 13/16) Inc. President Ron Nash was co-founder of Wall Street trading powerhouse Nash-Weiss, which eventually became part of Quick & Reilly (and in turn Fleet Boston Financial NYSE-FBF-43 3/8/16) in a deal worth over $100 million. In lieu of year 2000 salaries, both officers agreed to work full-time for FPCX, and received stock options exercisable at $14.50/share. The Trump family, known as smart investors, are among the inside holders as well. There has also been heavy insider buying at prices as high as $10.40 this past year. When FPCX first started trading, excitement about the management group ran the stock up to $17 back on February 23rd. Now that we’ve had a well publicized crash on the NASDAQ, it’s bargain hunting time. We are looking for an initial doubling to the $10 area, followed by higher prices as more acquisitions roll in. Buy and hold FPCX, and you’ll be riding with winners. The publisher of The Contrarian has received a fee of $15,000 from the subject company for the development and circulation of this report. The publisher and/or its affiliates may buy or sell shares of FPCX at any time. Detailed information about Financial Performance Corporation may be obtained on-line at various financial web sites. To SUBSCRIBE to future communications or to receive ADDITIONAL INFORMATION regarding Financial Performance Corporation, please click on the link below and hit send. mailto:whpost2@us.sina.com?subject=More-Info-FPCX ====================================================================================== To UNSUBSCRIBE from future communications please click on the link below and hit send. mailto:zone328@bigfoot.com?subject=Delete-FPCX ------------------------------ Date: Thu, 25 Jan 2001 07:50:56 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Hi CANSLIMers Hi Dan, I am already seeing some comments indicating that expectations are being scaled down to 25 bp, including some yesterday regarding how the bond mkt is trading. May be too little, too late to avoid a selloff, but this kind of sentiment changes quickly. Today's comments will hopefully be clear enough to set the tone. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Dan Musicant To: Sent: Thursday, January 25, 2001 12:02 AM Subject: Re: [CANSLIM] Hi CANSLIMers On Wed, 24 Jan 2001 21:06:52 -0500, you wrote: :Unlike most, I remained fully invested in my IRA (mostly because :of neglect due lack of time), and fully invested in my 401 as :well (unfortunately done the day the Feds cut the rates, should :have waited several days). But before that I was over 90% :invested in my 401K. My gains in January for my IRA already made :up all my losses for 2000, and I am ahead just for 2001 about :30+%, so glad I remained fully invested there. In my 401K, I am :up just over 3% as of yesterday's close (3 growth mutual funds), :and happy about that since I was down over 8% for the year by :January 8. So even a small net gain for the year feels pretty :good right now. : :Ultimately, this has so far been a good time to be fully :invested. Next week may prove critical with what Greenspan tells :the Senate Budget Committee regarding tax cut wisdom vs reducing :the national debt (tomorrow) and the FOMC meeting on Tue and Wed :(qtr pt vs half pt cut). : :C U : :Tom Worley :stkguru@netside.net I'm worried about the 1/2 point versus 1/4 point scenario next week that you point out, Tom. Sometimes I have a gut feeling, but not this time. Maybe it's because I haven't been paying close enough attention. I saw an extremely bullish analyst (Lehman Bros.?) on PBS Nightly Bus. Report last night who said that if it is .25 and not .50, there will be a vicious sell-off. I don't want any part of that and jumped out of the only position I've had in a couple of months, CTXS, purchased last Thursday. I liked the chart with its long base and very gradual rise and the breakout Thursday morning was something I couldn't resist. The brutal selloff some months ago is an ugly omen, but I thought perhaps the broad base that followed would propel the stock upward, especially after good news and analyst upgrades sparked the rally late last week. I bailed this morning before the stock dipped during the day and am now glad. Last time I sold CTXS was less than 24 hours before it jumped from about 80 to 105 or so on its way to 120-ish numbers end of 1999!! Well, in this market, I'm happy enough to get out with a couple of points. I certainly don't expect a run like there was at the end of '99. Note, the ^VIX (volatility index) today was around 25, admittedly less than the 30ish numbers we were seeing a week or two ago, but still well above the 20 or so you've pointed out to be the range where CANSLIM stocks do well. To all: IBD's Big Picture almost daily is lamenting the lack of evident leadership. The only stocks that are behaving like leaders are in sectors that historically have not provided leadership in bull markets. That's not to say that this rally will fail like all the others that we've been seeing 2nd half of 2000. Indeed, this rally has been very well behaved for 3 weeks now, as duly pointed out in the Big Picture the last couple of days. What makes this one different, besides the telling volume versus index action? Only the Fed action, as far as I can see. However, a very big change (hope it holds) is that the market is not going south every time some bad news crops up. PS. I know that CTXS is hardly a CANSLIM stock. RS around 80 just makes it, but the EPS is around 60. Accumulation/Distribution is A now though, I think. Couldn't resist that chart. - - Dan - - - - ------------------------------ End of canslim-digest V2 #1098 ****************************** 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.