From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1114 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, February 8 2001 Volume 02 : Number 1114 In this issue: Re: [CANSLIM] DYII Re: [CANSLIM] Daily Graphs Addiction Re: [CANSLIM] Daily Graphs Addiction Re: [CANSLIM] Daily Graphs Addiction [CANSLIM] VLO & others Re: [CANSLIM] VLO & others [CANSLIM] IBD Composite rank ramblings/Leaders List Re: [CANSLIM] IBD Composite rank ramblings/Leaders List RE: [CANSLIM] IBD Composite rank ramblings/Leaders List [CANSLIM] The danger of stops Re: [CANSLIM] IBD Composite rank ramblings/Leaders List Re: [CANSLIM] The danger of stops RE: [CANSLIM] IBD Composite rank ramblings/Leaders List Re: [CANSLIM] Daily Graphs Addiction Re: [CANSLIM] IBD Composite rank ramblings/Leaders List Re: [CANSLIM] Daily Graphs Addiction ---------------------------------------------------------------------- Date: Wed, 07 Feb 2001 17:25:02 -0700 From: esetser Subject: Re: [CANSLIM] DYII Yes, I agree. IKOS looks much nicer, but is still extended at today's close. It might prove to be a great buy for those who got in yesterday or during the low end of today. At 01:54 PM 2/7/01 EST, you wrote: >Does DYII look over extended at this price? Looks like it to me. > >Chris > >- > > > - - ------------------------------ Date: Wed, 7 Feb 2001 22:43:40 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Daily Graphs Addiction I'm in Miami, so a Cuba Libre is more appropriate! But actually, another member of the group was the first to figure out this lower cost avenue, I'm just the messenger still around passing the word. Just for clarification for all, when you order the printed DG books (the paper products), you only want to order one of the books (NYSE or NASDAQ/AMEX) for once a month service. You have choices up to both books weekly, but naturally that is more expensive. If you go that route tho, I think DGO drops down to $99 per year, but the total is still higher than the way described below. You may ask why not get both books every week? Answer is that the books only have about 2,000 stocks, and naturally only update weekly, while DGO has every stock (over 5,000) and is updated daily. I can't get DGO service at work because of the firewall, so I carry the one monthly Naz book to the office. But I often find I never open the envelope as it is better for me to look at charts at home. The book used to be delivered on Sunday morning to my front door, but for some months now comes instead by Express Mail, arriving on Wed or Thu. But that's ok since I don't even really want it, just take it for the discount on DGO. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: esetser To: Sent: Wednesday, February 07, 2001 9:51 AM Subject: [CANSLIM] Daily Graphs Addiction In case you haven't noticed, the IBD website changed yesterday afternoon. They had previously announced the end of the beta test period. The announcement discussed continuing the IBD chart and stock checkup portions, but there wasn't any mention of the DGO charts. Sure enough, I tried to bring up a DGO chart yesterday afternoon, and the selection is no longer there. Darn! I think IBD did some great marketing on DGO by giving us IBD subscribers these wonderful charts for six months or so. Now, I'm desperate to have them back!! For those who may not remember, Tom has described the cheapest route to DGO. As it turns out, Daily Graphs gives a significant discount to DGO for their paper product subscribers. In fact, it ends up cheaper to buy the monthly paper updates and then subscribe to DGO after you get your account number (the next day they tell me). The cost comparison is like this: DGO only for 1 year - $799 1 year of Monthly NASDAQ or NYSE Charts - $237 Discounted 1 year of DGO - $299 Total for monthly charts plus DGO - $536 I went ahead and ordered the paper product this morning. Here's what I did, for fastest service, you can call Daily Graphs at 1-800-472-7479 to order the paper product and then call them the next day to get your account number. With this, you sign up for DGO on the website at www.dailygraphs.com. Darn, this isn't supposed to be a commercial, but I wanted to help anybody else out who may have also found themselves "addicted to the DGO charts", and in desperate need of a DGO fix ASAP. Finally, I want to thank Tom for saving me a cool $163 on the annual subscription by researching this earlier and sharing it with the group every once in a while. I guess I owe you a beer Tom. Let me know when I can pay up. :-) Thanks. - - - - ------------------------------ Date: Wed, 7 Feb 2001 22:50:00 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Daily Graphs Addiction When DGO first went from free beta to subscription, we tried to get a group discount for our discussion group. Never went far, in part because we didn't have enough interested members. I am willing to try again (my name is pretty well known to their customer service people) if we have enough interest. As memory serves me, back then we only had 40 or so willing to sign up. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Bill Triffet To: Sent: Wednesday, February 07, 2001 11:19 AM Subject: Re: [CANSLIM] Daily Graphs Addiction I thinking of doing the same thing. I really miss that online feature. Kind of crazy though that it's cheaper for a company to produce a printed publication AND the online data service for less than just the online service. Must have been that "new" math they taught me in school. (g) I'd prefer they save a tree and just offer me the online for that price. - -Bill - ----- Original Message ----- From: "esetser" To: Sent: Wednesday, February 07, 2001 6:51 AM Subject: [CANSLIM] Daily Graphs Addiction > DGO only for 1 year - $799 > > 1 year of Monthly NASDAQ or NYSE Charts - $237 > Discounted 1 year of DGO - $299 > Total for monthly charts plus DGO - $536 - - - - ------------------------------ Date: Wed, 7 Feb 2001 22:37:18 -0600 From: "Travis Bolster" Subject: Re: [CANSLIM] Daily Graphs Addiction Tom I am very interested in the idea. Travis - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, February 07, 2001 9:43 PM Subject: Re: [CANSLIM] Daily Graphs Addiction > I'm in Miami, so a Cuba Libre is more appropriate! But actually, > another member of the group was the first to figure out this > lower cost avenue, I'm just the messenger still around passing > the word. > > Just for clarification for all, when you order the printed DG > books (the paper products), you only want to order one of the > books (NYSE or NASDAQ/AMEX) for once a month service. You have > choices up to both books weekly, but naturally that is more > expensive. If you go that route tho, I think DGO drops down to > $99 per year, but the total is still higher than the way > described below. > > You may ask why not get both books every week? Answer is that the > books only have about 2,000 stocks, and naturally only update > weekly, while DGO has every stock (over 5,000) and is updated > daily. > > I can't get DGO service at work because of the firewall, so I > carry the one monthly Naz book to the office. But I often find I > never open the envelope as it is better for me to look at charts > at home. The book used to be delivered on Sunday morning to my > front door, but for some months now comes instead by Express > Mail, arriving on Wed or Thu. But that's ok since I don't even > really want it, just take it for the discount on DGO. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > > ----- Original Message ----- > From: esetser > To: > Sent: Wednesday, February 07, 2001 9:51 AM > Subject: [CANSLIM] Daily Graphs Addiction > > > In case you haven't noticed, the IBD website changed yesterday > afternoon. > They had previously announced the end of the beta test period. > The > announcement discussed continuing the IBD chart and stock checkup > portions, > but there wasn't any mention of the DGO charts. Sure enough, I > tried to > bring up a DGO chart yesterday afternoon, and the selection is no > longer > there. Darn! I think IBD did some great marketing on DGO by > giving us IBD > subscribers these wonderful charts for six months or so. Now, > I'm > desperate to have them back!! > > For those who may not remember, Tom has described the cheapest > route to > DGO. As it turns out, Daily Graphs gives a significant discount > to DGO for > their paper product subscribers. In fact, it ends up cheaper to > buy the > monthly paper updates and then subscribe to DGO after you get > your account > number (the next day they tell me). The cost comparison is like > this: > > DGO only for 1 year - $799 > > 1 year of Monthly NASDAQ or NYSE Charts - $237 > Discounted 1 year of DGO - $299 > Total for monthly charts plus DGO - $536 > > I went ahead and ordered the paper product this morning. Here's > what I > did, for fastest service, you can call Daily Graphs at > 1-800-472-7479 to > order the paper product and then call them the next day to get > your account > number. With this, you sign up for DGO on the website at > www.dailygraphs.com. > > Darn, this isn't supposed to be a commercial, but I wanted to > help anybody > else out who may have also found themselves "addicted to the DGO > charts", > and in desperate need of a DGO fix ASAP. > > Finally, I want to thank Tom for saving me a cool $163 on the > annual > subscription by researching this earlier and sharing it with the > group > every once in a while. I guess I owe you a beer Tom. Let me > know when I > can pay up. :-) Thanks. > > - > > > > - _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 7 Feb 2001 23:11:16 EST From: Vanchee1@aol.com Subject: [CANSLIM] VLO & others - --part1_74.798b628.27b37664_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Watch VLO, close to breaking out, need to see about 39 to start buying. ACLNF still looking good but see resistance at around 28 KDE looking better every day. selling my NUHC to buy VLO as it breaks out tomorrow Still holding JACO, EASI, MGRC, and RCII Now up 27% since Jan. 1 - --part1_74.798b628.27b37664_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Watch VLO, close to breaking out, need to see about 39 to start buying.
ACLNF still looking good but see resistance at around 28
KDE looking better every day.
selling my NUHC to buy VLO as it breaks out tomorrow
Still holding JACO, EASI, MGRC, and RCII
Now up 27% since Jan. 1 - --part1_74.798b628.27b37664_boundary-- - - ------------------------------ Date: Thu, 08 Feb 2001 03:39:16 -0700 From: esetser Subject: Re: [CANSLIM] VLO & others VLO does have a pretty nice chart. I don't see anything related to a handle, but it is working at or near a new 52 week high. I would be a little hesitant on the overall CANSLIM characteristics on this one. It hasn't made any of my screens, and a quick look shows IBD numbers of 86/77/87/BCC. The 87 and C Acc/Dis may move up some based on today's action. Good luck. Both ACLNF and especially KDE look to be too deep in their base to be good CANSLIM candidates, for me at least. ACLNF is roughly halfway up the cup, but still has significant overhead resistance to hit new highs. At 11:11 PM 2/7/01 EST, you wrote: >Watch VLO, close to breaking out, need to see about 39 to start buying. >ACLNF still looking good but see resistance at around 28 >KDE looking better every day. >selling my NUHC to buy VLO as it breaks out tomorrow >Still holding JACO, EASI, MGRC, and RCII >Now up 27% since Jan. 1 - - ------------------------------ Date: Thu, 08 Feb 2001 03:54:48 -0700 From: esetser Subject: [CANSLIM] IBD Composite rank ramblings/Leaders List Last weekend, I used the IBD composite ranking to generate my watch list. With my imminent subscription to DGO and it's soft copy data availabilities, I'll probably not use this approach again, due to time constraints. However, I thought this group would be interested in my experience. Here are some of my notes: Well, given that the IBD has provided their own Composite ranking last week, I decided to go ahead and use their ranking and see how the Leaders List turned out. I started with all stocks ranked 95 or higher. Note that the composite ranking is only available for the main NYSE and NASDAQ lists, so there aren't any AMEX or smaller cap stocks included. This gave me a total of 270 stocks. I removed those that have recently been bought out, those with less than $500,000 ADV (my own personal "S" limit, about x10 below a recent IBD recommendation) and those with low growth, mostly those with few or no recent quarters above 25% earnings growth. After those reductions, I ended up with 189 candidates. I ran through the charts on all 189 (a few more than I like, but what the hell.) I ended up with 5 more that failed on the same criteria after a closer look, so only 184 candidates were left. Of these, I ended up with 32 stocks that I felt were worth watching right now. These were all stocks with bases of at least 7 weeks, and most were trading well above their 50 DMA. Note that some of these are recent breakouts that I felt were still close enough to watch for an entry. Of the 32, 7 stocks are ranked lower than 60 in Industry Group stength, so these 7 would not have made the cut for my normal approach. Another interesting thing was the number of stocks that have been correcting since late last year. These don't make the list, since they are mostly 6 week bases. If these stocks remain flat this week, we will have something like 50 more stocks in 7 week bases to look at!! That's right, around 50 stocks!! If you take the 32 plus the 50, you get over 80 stocks that are in bases of 6 weeks or more that came through this screening. Wow, I would say that's very impressive! Now the real question will be whether this list is more, less, or equally successful at identifying winners as opposed to my previous approach, because that's all we care about. OK, so here are the stocks I ended up with in alphabetical order. Standard disclaimer: I presently own TYC, GIL, ASHW, SKX, GBL, and CHCS. This puts me 6 of 7 positions as of today. I have left these in alphabetical order so you can do your own technical review. Good luck. ANF ATVI ACRT ADVP ALSI ARXX AMRI ABCL AC ATK ALLC ABK AEOS ACF PATH AMSGA SLOT APOL ASHW BBT BJ BFR BMO BNKU BARZ BZH BBBY BDY BCHE BKH BLK TMBR BCF CHP CEC CIT CVS CCMP CP CFFN CECO CANI CACOA CHIC CHCS CPS CHBS COH CWTR COLM CEFT STZ COCO CORS CLJ CFR DHI WBB DV DME DCOM DFXI DORL DSL DBRN DPMI EPIQ EWBC EV EDMC ERJ EASI EPD ESRX ESA FFD AGM FII FNF FDC FSLA FED FLGS FRNT GBL GCO GIL GBBK GMCR GTRC HET HIBB HLT HOTT HI HNP HRBT ESI IBKC ICBC NDE IGT IFIN JNY KBH KEI KNGT KSS LNR LLL LAB LSTR LTRE LEN LNCR LIN MAFB MDC MHO MW MTH MTON MDST MFLO NCOG NCBC NMGA NMGB NYCB NHCH NFB OO PFFB PSUN PVA PPDI PHLY PENG PDQ PHCC PRSP ZQK RGFC RJR RARE RJF RCGI RCII RCBK RSLN RI RYL SERO SGR SHFL SKX LUV SWBT SKE SPF SBUX SBIB STRA SFY SNV TJX TLB TARO TRBS TBL TOL TSS TWRI TYC UCBH USPH UNT VANS WBPR WDR WDRB WABC WTSLA WTM WWF YELL - - ------------------------------ Date: 8 Feb 2001 05:12:47 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] IBD Composite rank ramblings/Leaders List By $500,000 ADV, do you mean daily price volume? I.e. avg trade price x vol? If so then you would consider a $25 stock that trades 20k ADV, right? At 03:54 AM 2/8/2001 -0700, you wrote: >Last weekend, I used the IBD composite ranking to generate my watch list. >With my imminent subscription to DGO and it's soft copy data >availabilities, I'll probably not use this approach again, due to time >constraints. However, I thought this group would be interested in my >experience. Here are some of my notes: > >Well, given that the IBD has provided their own Composite ranking last >week, I decided to go ahead and use their ranking and see how the Leaders >List turned out. I started with all stocks ranked 95 or higher. Note that >the composite ranking is only available for the main NYSE and NASDAQ lists, >so there aren't any AMEX or smaller cap stocks included. This gave me a >total of 270 stocks. > >I removed those that have recently been bought out, those with less than >$500,000 ADV (my own personal "S" limit, about x10 below a recent IBD >recommendation) and those with low growth, mostly those with few or no >recent quarters above 25% earnings growth. After those reductions, I ended >up with 189 candidates. I ran through the charts on all 189 (a few more >than I like, but what the hell.) I ended up with 5 more that failed on the >same criteria after a closer look, so only 184 candidates were left. > >Of these, I ended up with 32 stocks that I felt were worth watching right >now. These were all stocks with bases of at least 7 weeks, and most were >trading well above their 50 DMA. Note that some of these are recent >breakouts that I felt were still close enough to watch for an entry. Of >the 32, 7 stocks are ranked lower than 60 in Industry Group stength, so >these 7 would not have made the cut for my normal approach. > >Another interesting thing was the number of stocks that have been >correcting since late last year. These don't make the list, since they are >mostly 6 week bases. If these stocks remain flat this week, we will have >something like 50 more stocks in 7 week bases to look at!! That's right, >around 50 stocks!! If you take the 32 plus the 50, you get over 80 stocks >that are in bases of 6 weeks or more that came through this screening. >Wow, I would say that's very impressive! Now the real question will be >whether this list is more, less, or equally successful at identifying >winners as opposed to my previous approach, because that's all we care about. > >OK, so here are the stocks I ended up with in alphabetical order. Standard >disclaimer: I presently own TYC, GIL, ASHW, SKX, GBL, and CHCS. This puts >me 6 of 7 positions as of today. I have left these in alphabetical order >so you can do your own technical review. Good luck. > >ANF >ATVI >ACRT >ADVP >ALSI >ARXX >AMRI >ABCL >AC >ATK >ALLC >ABK >AEOS >ACF >PATH >AMSGA >SLOT >APOL >ASHW >BBT >BJ >BFR >BMO >BNKU >BARZ >BZH >BBBY >BDY >BCHE >BKH >BLK >TMBR >BCF >CHP >CEC >CIT >CVS >CCMP >CP >CFFN >CECO >CANI >CACOA >CHIC >CHCS >CPS >CHBS >COH >CWTR >COLM >CEFT >STZ >COCO >CORS >CLJ >CFR >DHI >WBB >DV >DME >DCOM >DFXI >DORL >DSL >DBRN >DPMI >EPIQ >EWBC >EV >EDMC >ERJ >EASI >EPD >ESRX >ESA >FFD >AGM >FII >FNF >FDC >FSLA >FED >FLGS >FRNT >GBL >GCO >GIL >GBBK >GMCR >GTRC >HET >HIBB >HLT >HOTT >HI >HNP >HRBT >ESI >IBKC >ICBC >NDE >IGT >IFIN >JNY >KBH >KEI >KNGT >KSS >LNR >LLL >LAB >LSTR >LTRE >LEN >LNCR >LIN >MAFB >MDC >MHO >MW >MTH >MTON >MDST >MFLO >NCOG >NCBC >NMGA >NMGB >NYCB >NHCH >NFB >OO >PFFB >PSUN >PVA >PPDI >PHLY >PENG >PDQ >PHCC >PRSP >ZQK >RGFC >RJR >RARE >RJF >RCGI >RCII >RCBK >RSLN >RI >RYL >SERO >SGR >SHFL >SKX >LUV >SWBT >SKE >SPF >SBUX >SBIB >STRA >SFY >SNV >TJX >TLB >TARO >TRBS >TBL >TOL >TSS >TWRI >TYC >UCBH >USPH >UNT >VANS >WBPR >WDR >WDRB >WABC >WTSLA >WTM >WWF >YELL > > > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 8 Feb 2001 08:40:16 -0500 From: Surindra Subject: RE: [CANSLIM] IBD Composite rank ramblings/Leaders List Thanks Earl for all the useful information you provided. I appreciate your in depth analysis and sharing with the group. If you can, please make this a regular feature on this list. Regards Surindra Singh - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser Sent: Thursday, February 08, 2001 5:55 AM To: canslim@xmission.com Subject: [CANSLIM] IBD Composite rank ramblings/Leaders List Last weekend, I used the IBD composite ranking to generate my watch list. With my imminent subscription to DGO and it's soft copy data availabilities, I'll probably not use this approach again, due to time constraints. However, I thought this group would be interested in my experience. Here are some of my notes: Well, given that the IBD has provided their own Composite ranking last week, I decided to go ahead and use their ranking and see how the Leaders List turned out. I started with all stocks ranked 95 or higher. Note that the composite ranking is only available for the main NYSE and NASDAQ lists, so there aren't any AMEX or smaller cap stocks included. This gave me a total of 270 stocks. I removed those that have recently been bought out, those with less than $500,000 ADV (my own personal "S" limit, about x10 below a recent IBD recommendation) and those with low growth, mostly those with few or no recent quarters above 25% earnings growth. After those reductions, I ended up with 189 candidates. I ran through the charts on all 189 (a few more than I like, but what the hell.) I ended up with 5 more that failed on the same criteria after a closer look, so only 184 candidates were left. Of these, I ended up with 32 stocks that I felt were worth watching right now. These were all stocks with bases of at least 7 weeks, and most were trading well above their 50 DMA. Note that some of these are recent breakouts that I felt were still close enough to watch for an entry. Of the 32, 7 stocks are ranked lower than 60 in Industry Group stength, so these 7 would not have made the cut for my normal approach. Another interesting thing was the number of stocks that have been correcting since late last year. These don't make the list, since they are mostly 6 week bases. If these stocks remain flat this week, we will have something like 50 more stocks in 7 week bases to look at!! That's right, around 50 stocks!! If you take the 32 plus the 50, you get over 80 stocks that are in bases of 6 weeks or more that came through this screening. Wow, I would say that's very impressive! Now the real question will be whether this list is more, less, or equally successful at identifying winners as opposed to my previous approach, because that's all we care about. OK, so here are the stocks I ended up with in alphabetical order. Standard disclaimer: I presently own TYC, GIL, ASHW, SKX, GBL, and CHCS. This puts me 6 of 7 positions as of today. I have left these in alphabetical order so you can do your own technical review. Good luck. ANF ATVI ACRT ADVP ALSI ARXX AMRI ABCL AC ATK ALLC ABK AEOS ACF PATH AMSGA SLOT APOL ASHW BBT BJ BFR BMO BNKU BARZ BZH BBBY BDY BCHE BKH BLK TMBR BCF CHP CEC CIT CVS CCMP CP CFFN CECO CANI CACOA CHIC CHCS CPS CHBS COH CWTR COLM CEFT STZ COCO CORS CLJ CFR DHI WBB DV DME DCOM DFXI DORL DSL DBRN DPMI EPIQ EWBC EV EDMC ERJ EASI EPD ESRX ESA FFD AGM FII FNF FDC FSLA FED FLGS FRNT GBL GCO GIL GBBK GMCR GTRC HET HIBB HLT HOTT HI HNP HRBT ESI IBKC ICBC NDE IGT IFIN JNY KBH KEI KNGT KSS LNR LLL LAB LSTR LTRE LEN LNCR LIN MAFB MDC MHO MW MTH MTON MDST MFLO NCOG NCBC NMGA NMGB NYCB NHCH NFB OO PFFB PSUN PVA PPDI PHLY PENG PDQ PHCC PRSP ZQK RGFC RJR RARE RJF RCGI RCII RCBK RSLN RI RYL SERO SGR SHFL SKX LUV SWBT SKE SPF SBUX SBIB STRA SFY SNV TJX TLB TARO TRBS TBL TOL TSS TWRI TYC UCBH USPH UNT VANS WBPR WDR WDRB WABC WTSLA WTM WWF YELL - - - - ------------------------------ Date: 8 Feb 2001 06:04:08 -0800 From: "Tim Fisher" Subject: [CANSLIM] The danger of stops The following is MHO. YHO may differ. Check out the action on RCII in the YHOO 5-day chart. Right after the conference call, it dropped from the short base it was trying to form. The institutions saw this as the mo-mo players selling-on-the-news. Then then next morning, wham, here comes the MM sweeping up the floor (stop orders) to get the institutions in cheap after the great earnings. Right back into the base yesterday afternoon. I still will use stops, can't follow the market that closely, just wanted to point this out as it has happened to me more often than I can count. P.S. the pivot was 35 on this one so it's 10% extended now, however this could be the handle of a long C&H forming here. It's on my watch list. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 08 Feb 2001 07:45:09 -0700 From: esetser Subject: Re: [CANSLIM] IBD Composite rank ramblings/Leaders List That's right. I use this number to make sure I don't buy a stock that is so lightly traded that I might not be able to sell it easily. This number is an absolute minimum for me. I basically looked at the position size I'm buying right now and multiplied by a factor so that I wouldn't be a big driver. This limit does allow me to consider some pretty small cap stocks. I was using 30,000 shares, but there is such a disparity in share price, I changed to average trading volume in $. I think IBD discussed 300,000 shares as a minimum the other day, so I'm quite a bit below that level, at least for my watch list. I own at least one of these small ones now (ASHW), and I just sold out of another (LMRK) that I broke even on. I am NOT saying this is a good level for everyone, it's just the rule I use to generate my list! At 05:12 AM 2/8/01 -0800, you wrote: >By $500,000 ADV, do you mean daily price volume? I.e. avg trade price x >vol? If so then you would consider a $25 stock that trades 20k ADV, right? > >At 03:54 AM 2/8/2001 -0700, you wrote: >>Last weekend, I used the IBD composite ranking to generate my watch list. >>With my imminent subscription to DGO and it's soft copy data >>availabilities, I'll probably not use this approach again, due to time >>constraints. However, I thought this group would be interested in my >>experience. Here are some of my notes: >> >>Well, given that the IBD has provided their own Composite ranking last >>week, I decided to go ahead and use their ranking and see how the Leaders >>List turned out. I started with all stocks ranked 95 or higher. Note that >>the composite ranking is only available for the main NYSE and NASDAQ lists, >>so there aren't any AMEX or smaller cap stocks included. This gave me a >>total of 270 stocks. >> >>I removed those that have recently been bought out, those with less than >>$500,000 ADV (my own personal "S" limit, about x10 below a recent IBD >>recommendation) and those with low growth, mostly those with few or no >>recent quarters above 25% earnings growth. After those reductions, I ended >>up with 189 candidates. I ran through the charts on all 189 (a few more >>than I like, but what the hell.) I ended up with 5 more that failed on the >>same criteria after a closer look, so only 184 candidates were left. >> >>Of these, I ended up with 32 stocks that I felt were worth watching right >>now. These were all stocks with bases of at least 7 weeks, and most were >>trading well above their 50 DMA. Note that some of these are recent >>breakouts that I felt were still close enough to watch for an entry. Of >>the 32, 7 stocks are ranked lower than 60 in Industry Group stength, so >>these 7 would not have made the cut for my normal approach. >> >>Another interesting thing was the number of stocks that have been >>correcting since late last year. These don't make the list, since they are >>mostly 6 week bases. If these stocks remain flat this week, we will have >>something like 50 more stocks in 7 week bases to look at!! That's right, >>around 50 stocks!! If you take the 32 plus the 50, you get over 80 stocks >>that are in bases of 6 weeks or more that came through this screening. >>Wow, I would say that's very impressive! Now the real question will be >>whether this list is more, less, or equally successful at identifying >>winners as opposed to my previous approach, because that's all we care about. >> >>OK, so here are the stocks I ended up with in alphabetical order. Standard >>disclaimer: I presently own TYC, GIL, ASHW, SKX, GBL, and CHCS. This puts >>me 6 of 7 positions as of today. I have left these in alphabetical order >>so you can do your own technical review. Good luck. >> >>ANF >>ATVI >>ACRT >>ADVP >>ALSI >>ARXX >>AMRI >>ABCL >>AC >>ATK >>ALLC >>ABK >>AEOS >>ACF >>PATH >>AMSGA >>SLOT >>APOL >>ASHW >>BBT >>BJ >>BFR >>BMO >>BNKU >>BARZ >>BZH >>BBBY >>BDY >>BCHE >>BKH >>BLK >>TMBR >>BCF >>CHP >>CEC >>CIT >>CVS >>CCMP >>CP >>CFFN >>CECO >>CANI >>CACOA >>CHIC >>CHCS >>CPS >>CHBS >>COH >>CWTR >>COLM >>CEFT >>STZ >>COCO >>CORS >>CLJ >>CFR >>DHI >>WBB >>DV >>DME >>DCOM >>DFXI >>DORL >>DSL >>DBRN >>DPMI >>EPIQ >>EWBC >>EV >>EDMC >>ERJ >>EASI >>EPD >>ESRX >>ESA >>FFD >>AGM >>FII >>FNF >>FDC >>FSLA >>FED >>FLGS >>FRNT >>GBL >>GCO >>GIL >>GBBK >>GMCR >>GTRC >>HET >>HIBB >>HLT >>HOTT >>HI >>HNP >>HRBT >>ESI >>IBKC >>ICBC >>NDE >>IGT >>IFIN >>JNY >>KBH >>KEI >>KNGT >>KSS >>LNR >>LLL >>LAB >>LSTR >>LTRE >>LEN >>LNCR >>LIN >>MAFB >>MDC >>MHO >>MW >>MTH >>MTON >>MDST >>MFLO >>NCOG >>NCBC >>NMGA >>NMGB >>NYCB >>NHCH >>NFB >>OO >>PFFB >>PSUN >>PVA >>PPDI >>PHLY >>PENG >>PDQ >>PHCC >>PRSP >>ZQK >>RGFC >>RJR >>RARE >>RJF >>RCGI >>RCII >>RCBK >>RSLN >>RI >>RYL >>SERO >>SGR >>SHFL >>SKX >>LUV >>SWBT >>SKE >>SPF >>SBUX >>SBIB >>STRA >>SFY >>SNV >>TJX >>TLB >>TARO >>TRBS >>TBL >>TOL >>TSS >>TWRI >>TYC >>UCBH >>USPH >>UNT >>VANS >>WBPR >>WDR >>WDRB >>WABC >>WTSLA >>WTM >>WWF >>YELL >> >> >> >> >>- > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > > > - - ------------------------------ Date: Thu, 08 Feb 2001 07:46:44 -0700 From: esetser Subject: Re: [CANSLIM] The danger of stops Yes, I noticed the daily range and thought it was probably a data feed problem. Later on, I noticed it opened around 34.x. Wow, if I had been watching closely, that would have been a great entry. Although it's a little scary when a stock comes down that much after a good run. At 06:04 AM 2/8/01 -0800, you wrote: >The following is MHO. YHO may differ. > >Check out the action on RCII in the YHOO 5-day chart. Right after the >conference call, it dropped from the short base it was trying to form. The >institutions saw this as the mo-mo players selling-on-the-news. Then then >next morning, wham, here comes the MM sweeping up the floor (stop orders) >to get the institutions in cheap after the great earnings. Right back into >the base yesterday afternoon. I still will use stops, can't follow the >market that closely, just wanted to point this out as it has happened to me >more often than I can count. > >P.S. the pivot was 35 on this one so it's 10% extended now, however this >could be the handle of a long C&H forming here. It's on my watch list. > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > > > - - ------------------------------ Date: Thu, 08 Feb 2001 07:48:01 -0700 From: esetser Subject: RE: [CANSLIM] IBD Composite rank ramblings/Leaders List I do post my Leaders List about monthly. I have been a little less consistent lately due to the M inconsistencies. I will probably be playing around with DGO for my next list, so I'll let you guys know how it went, and what the list looks like. And, you welcome. At 08:40 AM 2/8/01 -0500, you wrote: >Thanks Earl for all the useful information you provided. I appreciate your >in depth analysis and sharing with the group. If you can, please make this a >regular feature on this list. > >Regards > > >Surindra Singh > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser >Sent: Thursday, February 08, 2001 5:55 AM >To: canslim@xmission.com >Subject: [CANSLIM] IBD Composite rank ramblings/Leaders List > > >Last weekend, I used the IBD composite ranking to generate my watch list. >With my imminent subscription to DGO and it's soft copy data >availabilities, I'll probably not use this approach again, due to time >constraints. However, I thought this group would be interested in my >experience. Here are some of my notes: > >Well, given that the IBD has provided their own Composite ranking last >week, I decided to go ahead and use their ranking and see how the Leaders >List turned out. I started with all stocks ranked 95 or higher. Note that >the composite ranking is only available for the main NYSE and NASDAQ lists, >so there aren't any AMEX or smaller cap stocks included. This gave me a >total of 270 stocks. > >I removed those that have recently been bought out, those with less than >$500,000 ADV (my own personal "S" limit, about x10 below a recent IBD >recommendation) and those with low growth, mostly those with few or no >recent quarters above 25% earnings growth. After those reductions, I ended >up with 189 candidates. I ran through the charts on all 189 (a few more >than I like, but what the hell.) I ended up with 5 more that failed on the >same criteria after a closer look, so only 184 candidates were left. > >Of these, I ended up with 32 stocks that I felt were worth watching right >now. These were all stocks with bases of at least 7 weeks, and most were >trading well above their 50 DMA. Note that some of these are recent >breakouts that I felt were still close enough to watch for an entry. Of >the 32, 7 stocks are ranked lower than 60 in Industry Group stength, so >these 7 would not have made the cut for my normal approach. > >Another interesting thing was the number of stocks that have been >correcting since late last year. These don't make the list, since they are >mostly 6 week bases. If these stocks remain flat this week, we will have >something like 50 more stocks in 7 week bases to look at!! That's right, >around 50 stocks!! If you take the 32 plus the 50, you get over 80 stocks >that are in bases of 6 weeks or more that came through this screening. >Wow, I would say that's very impressive! Now the real question will be >whether this list is more, less, or equally successful at identifying >winners as opposed to my previous approach, because that's all we care >about. > >OK, so here are the stocks I ended up with in alphabetical order. Standard >disclaimer: I presently own TYC, GIL, ASHW, SKX, GBL, and CHCS. This puts >me 6 of 7 positions as of today. I have left these in alphabetical order >so you can do your own technical review. Good luck. > >ANF >ATVI >ACRT >ADVP >ALSI >ARXX >AMRI >ABCL >AC >ATK >ALLC >ABK >AEOS >ACF >PATH >AMSGA >SLOT >APOL >ASHW >BBT >BJ >BFR >BMO >BNKU >BARZ >BZH >BBBY >BDY >BCHE >BKH >BLK >TMBR >BCF >CHP >CEC >CIT >CVS >CCMP >CP >CFFN >CECO >CANI >CACOA >CHIC >CHCS >CPS >CHBS >COH >CWTR >COLM >CEFT >STZ >COCO >CORS >CLJ >CFR >DHI >WBB >DV >DME >DCOM >DFXI >DORL >DSL >DBRN >DPMI >EPIQ >EWBC >EV >EDMC >ERJ >EASI >EPD >ESRX >ESA >FFD >AGM >FII >FNF >FDC >FSLA >FED >FLGS >FRNT >GBL >GCO >GIL >GBBK >GMCR >GTRC >HET >HIBB >HLT >HOTT >HI >HNP >HRBT >ESI >IBKC >ICBC >NDE >IGT >IFIN >JNY >KBH >KEI >KNGT >KSS >LNR >LLL >LAB >LSTR >LTRE >LEN >LNCR >LIN >MAFB >MDC >MHO >MW >MTH >MTON >MDST >MFLO >NCOG >NCBC >NMGA >NMGB >NYCB >NHCH >NFB >OO >PFFB >PSUN >PVA >PPDI >PHLY >PENG >PDQ >PHCC >PRSP >ZQK >RGFC >RJR >RARE >RJF >RCGI >RCII >RCBK >RSLN >RI >RYL >SERO >SGR >SHFL >SKX >LUV >SWBT >SKE >SPF >SBUX >SBIB >STRA >SFY >SNV >TJX >TLB >TARO >TRBS >TBL >TOL >TSS >TWRI >TYC >UCBH >USPH >UNT >VANS >WBPR >WDR >WDRB >WABC >WTSLA >WTM >WWF >YELL > > > > >- > > > >- > > > - - ------------------------------ Date: Thu, 08 Feb 2001 08:30:39 -0800 From: Eric Shen Subject: Re: [CANSLIM] Daily Graphs Addiction It's the "fuzzy math" the politicians been talking about. Bill Triffet wrote: > > I thinking of doing the same thing. I really miss that online feature. > Kind of crazy though that it's cheaper for a company to produce a printed > publication AND the online data service for less than just the online > service. Must have been that "new" math they taught me in school. (g) > I'd prefer they save a tree and just offer me the online for that price. > > -Bill > ----- Original Message ----- > From: "esetser" > To: > Sent: Wednesday, February 07, 2001 6:51 AM > Subject: [CANSLIM] Daily Graphs Addiction > > > DGO only for 1 year - $799 > > > > 1 year of Monthly NASDAQ or NYSE Charts - $237 > > Discounted 1 year of DGO - $299 > > Total for monthly charts plus DGO - $536 > > - - -- Eric Shen MS LOC3-8 Intel Corporation email: eshen@level1.com 9750 Goethe Road Tel: (916) 855 5177 x4497 Sacramento, CA 95827 - - ------------------------------ Date: 8 Feb 2001 09:05:08 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] IBD Composite rank ramblings/Leaders List IBD suggests 300k shares ADV or $300k price x volume? At 07:45 AM 2/8/2001 -0700, you wrote: >That's right. I use this number to make sure I don't buy a stock that is >so lightly traded that I might not be able to sell it easily. This number >is an absolute minimum for me. I basically looked at the position size I'm >buying right now and multiplied by a factor so that I wouldn't be a big >driver. This limit does allow me to consider some pretty small cap stocks. > I was using 30,000 shares, but there is such a disparity in share price, I >changed to average trading volume in $. I think IBD discussed 300,000 >shares as a minimum the other day, so I'm quite a bit below that level, at >least for my watch list. I own at least one of these small ones now >(ASHW), and I just sold out of another (LMRK) that I broke even on. > >I am NOT saying this is a good level for everyone, it's just the rule I use >to generate my list! - - ------------------------------ Date: 8 Feb 2001 09:07:51 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Daily Graphs Addiction It's called a promotion. they need to move the paper books which no doubt are stacking up unsold as people switch to the online version. Maybe they have a contract with the printer for more books than they can sell. At 08:30 AM 2/8/2001 -0800, you wrote: >It's the "fuzzy math" the politicians been talking about. > > >Bill Triffet wrote: > > > > I thinking of doing the same thing. I really miss that online feature. > > Kind of crazy though that it's cheaper for a company to produce a printed > > publication AND the online data service for less than just the online > > service. Must have been that "new" math they taught me in school. (g) > > I'd prefer they save a tree and just offer me the online for that price. > > > > -Bill > > ----- Original Message ----- > > From: "esetser" > > To: > > Sent: Wednesday, February 07, 2001 6:51 AM > > Subject: [CANSLIM] Daily Graphs Addiction > > > > > DGO only for 1 year - $799 > > > > > > 1 year of Monthly NASDAQ or NYSE Charts - $237 > > > Discounted 1 year of DGO - $299 > > > Total for monthly charts plus DGO - $536 > > > > - > >-- >Eric Shen MS LOC3-8 Intel Corporation >email: eshen@level1.com 9750 Goethe Road >Tel: (916) 855 5177 x4497 Sacramento, CA 95827 > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ End of canslim-digest V2 #1114 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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