From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1116 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 Saturday, February 10 2001 Volume 02 : Number 1116 In this issue: [CANSLIM] aclnf [CANSLIM] Is EME a good candidate for breakout ? [CANSLIM] spch [CANSLIM] SKX Re: [CANSLIM] SKX [CANSLIM] spf Re: [CANSLIM] Is EME a good candidate for breakout ? Re: [CANSLIM] Daily Graphs Addiction Re: [CANSLIM] SPF Re: [CANSLIM] Is EME a good candidate for breakout ? Re: [CANSLIM] spch RE: [CANSLIM] SPF RE: [CANSLIM] SPF RE: [CANSLIM] SPF Re: [CANSLIM] SKX Re: [CANSLIM] Is EME a good candidate for breakout ? RE: [CANSLIM] SPF RE: [CANSLIM] SPF [CANSLIM] Vanguard Economic Week in Review Re: [CANSLIM] IBD Composite rank ramblings/Leaders List Re: [CANSLIM] spf Re: [CANSLIM] spch [CANSLIM] non canslim, good ideas though.... ---------------------------------------------------------------------- Date: Fri, 9 Feb 2001 11:43:28 EST From: Vanchee1@aol.com Subject: [CANSLIM] aclnf - --part1_87.6a9f050.27b57830_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Lets try again buying ACLNF as it just broke its first minor resistance. - --part1_87.6a9f050.27b57830_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Lets try again buying ACLNF as it just broke its first minor resistance. - --part1_87.6a9f050.27b57830_boundary-- - - ------------------------------ Date: Fri, 9 Feb 2001 10:25:35 -0800 (PST) From: Maninder Subject: [CANSLIM] Is EME a good candidate for breakout ? I am still in my learning phase of CANSLIM approach and new to the group. My first pick based on IBD stocks in the news is EME (Emcor Group), which I bought last week at 28 ? It has EPS/RS of 97/81, and does not look overpriced. Can some of the veterans comment on it if it fits the CANSLIM chracteristics, and if it has good chart formation ? Thanks Maninder __________________________________________________ Do You Yahoo!? Get personalized email addresses from Yahoo! Mail - only $35 a year! http://personal.mail.yahoo.com/ - - ------------------------------ Date: Fri, 9 Feb 2001 14:59:56 EST From: Vanchee1@aol.com Subject: [CANSLIM] spch SPCH, see what you think, what is a good entry point if any at all. Might be too thinly of a traded stock. Has good numbers, break out on good volume, but just too thin. - - ------------------------------ Date: Fri, 9 Feb 2001 14:08:07 -0600 From: "Michael Doroshenko" Subject: [CANSLIM] SKX Hi All: I am new to investing with a brokerage account in the market. I bought in on Skechers in January at 22 1/16. Skechers rode all the way up to 30 as of yesterday. Today, the bubble burst on Skechers because of Sidoti lowered its rating from buy to neutral. They cited valuation concerns of the company. Skechers is down 5.00 at 25.00. Do I bail out with a small gain or do I ride this out due to rating fears and let the weak take their profits yet I still remain strong willed to keep this due to company fundamentals. I do believe in the company fundamentals. What has others done with this scenario? - - ------------------------------ Date: Fri, 9 Feb 2001 15:19:08 EST From: Vanchee1@aol.com Subject: Re: [CANSLIM] SKX I personally might put in a stop loss at 24 to protect a gain, and see if this is just an overreation. - - ------------------------------ Date: Fri, 9 Feb 2001 17:07:49 -0500 From: "Ann Hollingworth" Subject: [CANSLIM] spf Tom, thanks for the insight into the SPF LLUR. However, while the yesterday and the day before showed a decline with low volume, today saw a decline with increasing volume. Has anyone heard anything about the construction industry? They were doing great a few days ago, but were down yesterday and apparently today. Does anyone know why? Thanks, Ann - - ------------------------------ Date: Fri, 9 Feb 2001 16:15:29 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Is EME a good candidate for breakout ? Speaking just about the chart, looks like you timed your purchase well and picked a stock with a solid looking base, it broke out of an area of tight consolidation on the top of a flat base, volume has been good on the up days following the breakout. On 9 Feb 01, at 10:25, Maninder wrote: > I am still in my learning phase of CANSLIM approach and new to the group. My > first pick based on IBD stocks in the news is EME (Emcor Group), which I bought > last week at 28 ? It has EPS/RS of 97/81, and does not look overpriced. Can > some of the veterans comment on it if it fits the CANSLIM chracteristics, and > if it has good chart formation ? > > Thanks > > Maninder > > __________________________________________________ > Do You Yahoo!? > Get personalized email addresses from Yahoo! Mail - only $35 > a year! http://personal.mail.yahoo.com/ > > - > - - ------------------------------ Date: Fri, 09 Feb 2001 17:49:11 -0700 From: esetser Subject: Re: [CANSLIM] Daily Graphs Addiction Tom, I have already signed up for now. However, it seems to me that you should count present subscribers as well, since we have to make renewal decisions at some point. I saw your note about not installed DGO at work, and I was very concerned. Although I do my research mostly at home, I probably make 50-75% of my trades while I'm at work. I set up a watch list and have pivot points in a spreadsheet so I can take a quick look at my watch list whenever I get a few minutes to spare. Anyway, the note at DGO talked about enabling an outbound TCP port. Most firewalls (I think) concentrate on inbound ports. I have a DSL Gateway that acts as a firewall at home, and DGO works fine with no changes there. Based on this, I went ahead and installed it at work, and found out it works fine at work also. So, Tom, you may find that you don't have any issue with using DGO at work even with a firewall. At 12:27 AM 2/9/01 -0500, you wrote: >Ann, what I proposed last time to them was that if you were a >certified member of this group as of a given date, you would be >able to get a special discount available only to our members. >This would mean that Jeff would have to be able to show you were >a member as of that date, and you would reference whatever DGO >wanted to qualify for the special discount. > >But your subscription would be your own, and your payment, and >any renewals, would be between you and DGO. > >I have not contacted them to see if they will consider this, want >to see if there is enough interest with the group members first. >So far, only 4 have indicated an interest, so doesn't look likely >to happen. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Ann Hollingworth >To: >Sent: Thursday, February 08, 2001 8:09 PM >Subject: RE: [CANSLIM] Daily Graphs Addiction > > >What exactly would this mean? How would we all have access? >Ann > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley >Sent: Wednesday, February 07, 2001 10:50 PM >To: canslim@lists.xmission.com >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: Fri, 09 Feb 2001 17:58:13 -0700 From: esetser Subject: Re: [CANSLIM] SPF Ann, a quick look at SPF shows that the last 3 days sell-off HAS NOT been on this volume. DGO shows ADV at 354800 and the last 3 days at 623900, 320500, and today at 697200. As far as getting nervous, I would agree. I see that SPF closed as high as 32.24. At that point, you were up over 19% on the investment. WON suggests that you set a sell point of just over the purchase price for any stock that gains 15%. I use hard stops to achieve this, and would have probably been stopped out today if I owned the stock since it traded as low as 27.02. I would suggest you consider how much you want to risk in the present market situtation. M seems to be weakening to me with 3 very weak days in a row. I still have 5 positions of 7, but I will probably be out of a couple of these on Monday if the market moves lower (either through my stops or by selling out to reduce risk). At 07:13 AM 2/9/01 -0500, you wrote: > I bought SPF at 27 a couple of weeks ago, then got nervous about >the market and sold some at 30.70 earlier this week. Now am getting nervous >again. Any suggestions? I noticed that, even with it going down in price >the last couple of days, the volume is very thin. That’s a good sign, >isn’t it? Thanks, Ann - - ------------------------------ Date: Fri, 09 Feb 2001 18:07:06 -0700 From: esetser Subject: Re: [CANSLIM] Is EME a good candidate for breakout ? EME looks pretty good overall to me. It had a pretty flat base overall, and moved up nicely on higher volume. The chart looks pretty good, and most of the IBD criteria also look good. However, this isn't a stock on my watch list, so I wondered why. A quick look shows the Group Rank at E and the IBD composite rank at 88. I generally stick to the top 60 groups (that's the A's and 1/2 the B's), so I wouldn't see this one. Last week, I used the IBD Composite rank, and looked at stocks ranked 95 or better, so again, this one didn't make my list. I would be concerned about any stock that's industry falls in the lowest 20% for performance. Other than that, good job, and anyway, good luck on it! At 10:25 AM 2/9/01 -0800, you wrote: >I am still in my learning phase of CANSLIM approach and new to the group. My >first pick based on IBD stocks in the news is EME (Emcor Group), which I bought >last week at 28 ? It has EPS/RS of 97/81, and does not look overpriced. Can >some of the veterans comment on it if it fits the CANSLIM chracteristics, and >if it has good chart formation ? > >Thanks > >Maninder > >__________________________________________________ >Do You Yahoo!? >Get personalized email addresses from Yahoo! Mail - only $35 >a year! http://personal.mail.yahoo.com/ > >- > > > - - ------------------------------ Date: Fri, 09 Feb 2001 18:37:27 -0700 From: esetser Subject: Re: [CANSLIM] spch Yes, pretty much I agree. Pretty good numbers, nice breakout, but really small. I don't buy stocks where my purchase would be 50% of the daily volume!! Tom, you are our resident small cap guy, what do you think? At 02:59 PM 2/9/01 EST, you wrote: >SPCH, see what you think, what is a good entry point if any at all. Might be >too thinly of a traded stock. Has good numbers, break out on good volume, but >just too thin. > > >- > > > - - ------------------------------ Date: Fri, 9 Feb 2001 16:46:59 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] SPF This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C092B7.EB67E920 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable X-MIME-Autoconverted: from 8bit to quoted-printable by chmls05.mediaone.net id f19LksS09372 Thank you, Tom. That makes sense to me, although I=92m not familiar with = LLUR, except through this list. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Friday, February 09, 2001 10:14 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] SPF Hi Ann, Certainly, a decline on light volume is far better than a decline on heav= y volume. But a decline is a decline, it costs you value. You appear to have bought into a classic (and tight trading range) LLUR (Lower Left, Upper Right) formation. The =93base=94 right now would appea= r to be in the 27-28 range, so a retreat to your entry point is not too threateni= ng. It has only rarely retreated back to the 50 DMA (now at 25), and has not significantly broken the 50 day in the past six months. So the downside r= isk appears manageable, especially since you have taken some partial profits already. Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_000E_01C092B7.EB67E920-- - - ------------------------------ Date: Fri, 9 Feb 2001 22:15:10 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] SPF Earl, I thought that WON said Not to sell when a stock goes up so quickly, but maybe I am not remembering correctly. Thanks for the detailed and thoughtful response. I am also cautious about stops, because I have lost a lot of money trying to use stops, but then having the stock sell substantially below the stop. I wish there was a way to find out what overnight trading has done to the price of a stock. There isn't, is there? Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser Sent: Friday, February 09, 2001 7:58 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] SPF Ann, a quick look at SPF shows that the last 3 days sell-off HAS NOT been on this volume. DGO shows ADV at 354800 and the last 3 days at 623900, 320500, and today at 697200. As far as getting nervous, I would agree. I see that SPF closed as high as 32.24. At that point, you were up over 19% on the investment. WON suggests that you set a sell point of just over the purchase price for any stock that gains 15%. I use hard stops to achieve this, and would have probably been stopped out today if I owned the stock since it traded as low as 27.02. I would suggest you consider how much you want to risk in the present market situtation. M seems to be weakening to me with 3 very weak days in a row. I still have 5 positions of 7, but I will probably be out of a couple of these on Monday if the market moves lower (either through my stops or by selling out to reduce risk). At 07:13 AM 2/9/01 -0500, you wrote: > I bought SPF at 27 a couple of weeks ago, then got nervous about >the market and sold some at 30.70 earlier this week. Now am getting nervous >again. Any suggestions? I noticed that, even with it going down in price >the last couple of days, the volume is very thin. That’s a good sign, >isn’t it? Thanks, Ann - - - - ------------------------------ Date: Fri, 9 Feb 2001 22:21:51 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] SPF I have been using the IBD chart on the IBD website to estimate volume. The chart sure makes it look as if it has been relatively low lately. Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser Sent: Friday, February 09, 2001 7:58 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] SPF Ann, a quick look at SPF shows that the last 3 days sell-off HAS NOT been on this volume. DGO shows ADV at 354800 and the last 3 days at 623900, 320500, and today at 697200. As far as getting nervous, I would agree. I see that SPF closed as high as 32.24. At that point, you were up over 19% on the investment. WON suggests that you set a sell point of just over the purchase price for any stock that gains 15%. I use hard stops to achieve this, and would have probably been stopped out today if I owned the stock since it traded as low as 27.02. I would suggest you consider how much you want to risk in the present market situtation. M seems to be weakening to me with 3 very weak days in a row. I still have 5 positions of 7, but I will probably be out of a couple of these on Monday if the market moves lower (either through my stops or by selling out to reduce risk). At 07:13 AM 2/9/01 -0500, you wrote: > I bought SPF at 27 a couple of weeks ago, then got nervous about >the market and sold some at 30.70 earlier this week. Now am getting nervous >again. Any suggestions? I noticed that, even with it going down in price >the last couple of days, the volume is very thin. That’s a good sign, >isn’t it? Thanks, Ann - - - - ------------------------------ Date: Fri, 09 Feb 2001 20:37:51 -0700 From: esetser Subject: Re: [CANSLIM] SKX I tried a slightly different approach than I've done previously with SKX. After watching some pretty good gains waste away on a few stocks earlier, I'm trying a new rule, "Keep half of the gains". For stocks that gain 30% or more, I'm following them up with a 1/2 gain stop. I would hope to move out of any stock before it moved down this much, but in cases like SKX, it only takes one day for much of your gain to go away. I was stopped out of SKX today, but ended with a 22% gain. I'm not sure which way the stock will go now, it may move up somewhat on Monday, but sometimes these moves continue for some time. Comments on this approach? Good luck with whatever you do. At 02:08 PM 2/9/01 -0600, you wrote: >Hi All: >I am new to investing with a brokerage account in the market. > >I bought in on Skechers in January at 22 1/16. Skechers rode all the way up >to 30 as of yesterday. > >Today, the bubble burst on Skechers because of Sidoti lowered its rating >from buy to neutral. They cited valuation concerns of the company. Skechers >is down 5.00 at 25.00. > >Do I bail out with a small gain or do I ride this out due to rating fears >and let the weak take their profits yet I still remain strong willed to keep >this due to company fundamentals. I do believe in the company fundamentals. > >What has others done with this scenario? > > > >- > > > - - ------------------------------ Date: Fri, 9 Feb 2001 20:40:37 -0800 (PST) From: Maninder Subject: Re: [CANSLIM] Is EME a good candidate for breakout ? In case of EME, despite a poor industrial group strength, and despite repeated sermons by Mr O'Neill about not to worry about PE ratios, I just cant resist considering it. I feel it just gives a better cushion for downside. Of course, since I have said that, I know I will be proved wrong by the stock movement next week. --- esetser wrote: > EME looks pretty good overall to me. It had a pretty flat base overall, > and moved up nicely on higher volume. The chart looks pretty good, and > most of the IBD criteria also look good. > > However, this isn't a stock on my watch list, so I wondered why. A quick > look shows the Group Rank at E and the IBD composite rank at 88. I > generally stick to the top 60 groups (that's the A's and 1/2 the B's), so I > wouldn't see this one. Last week, I used the IBD Composite rank, and > looked at stocks ranked 95 or better, so again, this one didn't make my > list. I would be concerned about any stock that's industry falls in the > lowest 20% for performance. Other than that, good job, and anyway, good > luck on it! > > At 10:25 AM 2/9/01 -0800, you wrote: > >I am still in my learning phase of CANSLIM approach and new to the group. > My > >first pick based on IBD stocks in the news is EME (Emcor Group), which I > bought > >last week at 28 ? It has EPS/RS of 97/81, and does not look overpriced. > Can > >some of the veterans comment on it if it fits the CANSLIM chracteristics, > and > >if it has good chart formation ? > > > >Thanks > > > >Maninder > > > >__________________________________________________ > >Do You Yahoo!? > >Get personalized email addresses from Yahoo! Mail - only $35 > >a year! http://personal.mail.yahoo.com/ > > > >- > > > > > > > > - > __________________________________________________ Do You Yahoo!? Get personalized email addresses from Yahoo! Mail - only $35 a year! http://personal.mail.yahoo.com/ - - ------------------------------ Date: Fri, 09 Feb 2001 22:42:37 -0700 From: esetser Subject: RE: [CANSLIM] SPF Hard stops are a mixed bag. I have lost a lot of money by not using them, and lost a lot of money when using them.(And vice-versa too) As far as after-market, I look at quotes and activity at: http://quotes.nasdaq.com/quote.dll?page=afterhours&mode=frameset&symbol=SKX& selected=SKX You can also get some after-hours quotes at Big Charts (it lists the data with the chart for the day, and after-hours, at least on some stocks). FYI, SPF traded only 3 trades in the after-market today, at prices of $28 and $27.9. At 10:15 PM 2/9/01 -0500, you wrote: >Earl, > >I thought that WON said Not to sell when a stock goes up so quickly, but >maybe I am not remembering correctly. Thanks for the detailed and thoughtful >response. > >I am also cautious about stops, because I have lost a lot of money trying to >use stops, but then having the stock sell substantially below the stop. > >I wish there was a way to find out what overnight trading has done to the >price of a stock. There isn't, is there? >Ann >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser >Sent: Friday, February 09, 2001 7:58 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] SPF > >Ann, a quick look at SPF shows that the last 3 days sell-off HAS NOT been >on this volume. DGO shows ADV at 354800 and the last 3 days at 623900, >320500, and today at 697200. As far as getting nervous, I would agree. I >see that SPF closed as high as 32.24. At that point, you were up over 19% >on the investment. WON suggests that you set a sell point of just over the >purchase price for any stock that gains 15%. I use hard stops to achieve >this, and would have probably been stopped out today if I owned the stock >since it traded as low as 27.02. > >I would suggest you consider how much you want to risk in the present >market situtation. M seems to be weakening to me with 3 very weak days in >a row. I still have 5 positions of 7, but I will probably be out of a >couple of these on Monday if the market moves lower (either through my >stops or by selling out to reduce risk). > >At 07:13 AM 2/9/01 -0500, you wrote: >> I bought SPF at 27 a couple of weeks ago, then got nervous about >>the market and sold some at 30.70 earlier this week. Now am getting nervous >>again. Any suggestions? I noticed that, even with it going down in price >>the last couple of days, the volume is very thin. That’s a good sign, >>isn’t it? Thanks, Ann > >- > > >- > > > - - ------------------------------ Date: Fri, 09 Feb 2001 22:48:56 -0700 From: esetser Subject: RE: [CANSLIM] SPF That's weird, I can't get any charts to come up at the website anymore. I just assumed they had messed it up when they updated the page. I guess I need to figure out what's going on. Anyway, you should be able to get each days exact volume by right-clicking on that day. You should compare it to the 50 Day EMA to see how high/low the volume is. You can also look at the IBD numbers and they give you a percent of average volume number each day. I think yambo.com gives 50 Day Volume numbers too. At 10:21 PM 2/9/01 -0500, you wrote: >I have been using the IBD chart on the IBD website to estimate volume. The >chart sure makes it look as if it has been relatively low lately. >Ann > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser >Sent: Friday, February 09, 2001 7:58 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] SPF > >Ann, a quick look at SPF shows that the last 3 days sell-off HAS NOT been >on this volume. DGO shows ADV at 354800 and the last 3 days at 623900, >320500, and today at 697200. As far as getting nervous, I would agree. I >see that SPF closed as high as 32.24. At that point, you were up over 19% >on the investment. WON suggests that you set a sell point of just over the >purchase price for any stock that gains 15%. I use hard stops to achieve >this, and would have probably been stopped out today if I owned the stock >since it traded as low as 27.02. > >I would suggest you consider how much you want to risk in the present >market situtation. M seems to be weakening to me with 3 very weak days in >a row. I still have 5 positions of 7, but I will probably be out of a >couple of these on Monday if the market moves lower (either through my >stops or by selling out to reduce risk). > >At 07:13 AM 2/9/01 -0500, you wrote: >> I bought SPF at 27 a couple of weeks ago, then got nervous about >>the market and sold some at 30.70 earlier this week. Now am getting nervous >>again. Any suggestions? I noticed that, even with it going down in price >>the last couple of days, the volume is very thin. That’s a good sign, >>isn’t it? Thanks, Ann > >- > > >- > > > - - ------------------------------ Date: Sat, 10 Feb 2001 08:49:54 -0800 From: han.26@osu.edu Subject: [CANSLIM] Vanguard Economic Week in Review Economic Week in Review: February 5-9, 2001 During a light week for economic releases, reports showed that consumer borrowing dropped, layoffs increased, and the pace of productivity gains declined. These latest indicators of a slowing economy were cited by President Bush as a reason to act quickly on the tax-cut proposal he submitted to Congress on Thursday. In the financial markets, the S&P 500 Index closed at 1,315, down 2.5% for the week, and the yield of the 10-year U.S. Treasury note fell 11 basis points to 5.03% (as of 4:30 p.m. Friday). Productivity growth slowed to a 2.4% annualized rate in the fourth quarter of 2000, according to the Labor Department. Although the growth rate was below those reported for the two previous quarters, it was a bit better than expected. And for all of 2000, productivity rose 4.3%, the biggest annual gain since 1983. Productivity is a gauge of the amount of goods and services that workers produce per hour of effort. Gains in productivity are crucial to raising living standards over time. Unit labor costs--which tie wage and benefit costs to productivity levels and are an important indicator of inflationary trends--rose at an annualized rate of 4.1% in the fourth quarter, compared with a revised 3.2% increase in the third quarter. Analysts opined that the increase was not enough to deter the Federal Reserve Board from considering further efforts to stimulate the economy by lowering short- term interest rates. Americans were more wary of borrowing during December. Consumer credit rose by $3 billion in December for an annualized rate of 2.4%, which was considerably less than expected and a fraction of previous months' increases. The growth rates for both revolving debt (mainly credit cards) and nonrevolving debt (loans for autos, education, and home improvements) declined sharply. For the week ended February 3, some 361,000 Americans filed initial claims for unemployment insurance, a higher-than-expected increase of 15,000 over the previous week. The four-week moving average, a more accurate indicator of trends in the labor market, rose by 4,250 to 331,250. The monthly Producer Price Index report, a gauge of wholesale inflation, is due for release on Friday, February 16. Other reports scheduled for the week of February 12 include retail sales (Tuesday), business inventories (Wednesday), and housing starts and industrial production (both on Friday). Summary of Major Economic Reports: February 5-9, 2001 - ----------------------------------------------------------------------- |Date Report Actual Expected 10-Year S&P 500| | Value Value Note Yield Index | |---------------------------------------------------------------------| |February 5 +1 bp +0.4% | |---------------------------------------------------------------------| |February 6 +4 bp -0.2% | |---------------------------------------------------------------------| |February 7 Consumer +$3.0 +$7.5 | | Credit (December) billion billion | |---------------------------------------------------------------------| | Nonfarm +2.4% +2.2% | | Productivity | | (4Q) | |---------------------------------------------------------------------| | Unit Labor +4.1% +2.8% -1 bp -0.8% | | Costs (4Q) | |---------------------------------------------------------------------| |February 8 Initial Jobless 361,000 349,000 -9 bp -0.6% | | Claims (2/3) | |---------------------------------------------------------------------| |February 9 -6 bp -1.3% | |---------------------------------------------------------------------| | Weekly -11 bp -2.5% | | Change | - ----------------------------------------------------------------------- bp = basis points. Note: The economic statistics presented in this report are subject to revision by the agencies that issue them. "Standard & Poor's(r)," "S&P(r)," "S&P 500(r)," "Standard & Poor's 500," and "500" are trademarks of The McGraw-Hill Companies, Inc. (c) 2001 Vanguard Marketing Corporation, Distributor - - ------------------------------ Date: 9 Feb 2001 07:12:39 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] IBD Composite rank ramblings/Leaders List Well then they should disassociate themselves from CANSLIM. Have you ever met a CANSLIM candidate that traded more than, say, 500k shares? I don't recall any off the top of my head... At 08:19 PM 2/8/01 -0700, you wrote: >They used 300K shares ADV in Wed Investor's Corner, "The latter criteria >helps limit your choices to stocks that institutional investors - the ones >with the buying power to move stock prices - might be intersted in." > >At 09:05 AM 2/8/01 -0800, you wrote: > >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! > > > > > > > >- > > > > > > > >- Tim Fisher tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists Web Pages http://OreRockOn.com/ - - ------------------------------ Date: 9 Feb 2001 19:19:53 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] spf "M" At 05:07 PM 2/9/01 -0500, you wrote: >Tom, thanks for the insight into the SPF LLUR. However, while the yesterday >and the day before showed a decline with low volume, today saw a decline >with increasing volume. > >Has anyone heard anything about the construction industry? They were doing >great a few days ago, but were down yesterday and apparently today. Does >anyone know why? > >Thanks, >Ann > > >- Tim Fisher tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists Web Pages http://OreRockOn.com/ - - ------------------------------ Date: Sat, 10 Feb 2001 10:09:06 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] spch The basic CS elements are fine, the problem is the chart, and a few technicals. What I see on the chart is a high tight flag, and while I am hardly an expert on HTF patterns (there are several much better in this group), it has fallen steadily for the past three days from a new high of 11.375 on Tuesday to 9.5625 on Friday, and on volume. To me, it appears the spike that created the HTF is failing. I also note on Friday it closed at the low of the day, so Monday could gap down. Friday's volume was down slightly from prior days, so the quick daytraders may have mostly exited already. I also note that management owns 74% of the company. While that doesn't bother me (I like them having something at risk along with me), it does add to the overall risk. If they voted Monday to take the company private at $5.00 per share, there is little the public investors could do about it. Aside from the HTF pattern, the present price, despite the drop last week, is still way too extended over any base. It appears to have formed a very deep cup, with an attempt at a handle around 8. If I were interested, I might wait and see if it pulls back that far, and try to buy it there and wait for another spike. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: esetser To: Sent: Friday, February 09, 2001 8:37 PM Subject: Re: [CANSLIM] spch Yes, pretty much I agree. Pretty good numbers, nice breakout, but really small. I don't buy stocks where my purchase would be 50% of the daily volume!! Tom, you are our resident small cap guy, what do you think? At 02:59 PM 2/9/01 EST, you wrote: >SPCH, see what you think, what is a good entry point if any at all. Might be >too thinly of a traded stock. Has good numbers, break out on good volume, but >just too thin. > > >- > > > - - - - ------------------------------ Date: Sat, 10 Feb 2001 10:16:50 -0500 From: Surindra Subject: [CANSLIM] non canslim, good ideas though.... - -----Original Message----- From: DayTraders.com [mailto:weekly_report@daytraders.com] Sent: Saturday, February 10, 2001 8:36 AM Subject: DAYTRADERS.COM WEEKEND REPORT - 02/10/01 ================================================================= D A Y T R A D E R S W E E K L Y M A R K E T O U T L O O K ================================================================= for 02/10/01 (best viewed or printed in Courier 10 point) - ---------------------------------------------------------------------------- - ---- NOTICE: The views and information provided here are not necessarily those of the editor or DayTraders.com, nor should they be interpreted as investment advice or as an endorsement of any security or company's stock. This information is provided for informational purposes only and without warranty of any kind. Be advised that day trading has large potential rewards, as well as large potential risks involved. Trading of securities may not be suitable for all users of this information. You, and not DayTraders.com, assume the entire cost and risk of any investing or trading you choose to undertake. Remember, past performance does not ensure future results. Editors, staff and members of DayTraders.com may have long or short positions in securities and/or options listed herein. Further, the redistribution of information provided here or via our Internet site, without the express written consent of DayTraders.com, is strictly prohibited. The receipt of this information constitutes your acceptance of these terms and conditions. - ---------------------------------------------------------------------------- - ---- WEEKLY MARKET OUTLOOK & COMMENTARY ------------------------------------ This past week we witnessed Cisco Systems miss their earnings estimates for the first time ever; this in turn hurt both the Nasdaq and technolgoy shares across the board. For the week, the Dow dropped 82.65 points to finish at 10781.45, while the Nasdaq fell 190.37 points to close at 2470.97. The S&P lost 34.61 points this week to end at 1349.47. Volume for the week was rather mild, as investors seem to be looking for a catalyst to point them in the right direction. In the past week, the Nasdaq index gave back all of its gains from January, as investors are once again nervous with technology shares. Cisco's earnings miss and less optimistic outlook for the future really hurt many related issues, despite the fact that many investors already knew about the slowdown, not to mention the problems surfacing at Cisco specifically. Making matters worse were several analyst downgrades of stocks that were already trading at relatively lows levels. The Dow on the other hand was quiet most of the week, after being unable to close above 11000. We did see some of the more defensive type names do well, but overall this was a poor week for the blue chips by and large. In our trading this past week, we had somewhat of a tough time getting anything going with our technology positions. We were able to achieve a few nice gains on GE, COC.B, and JNPR, however, we will be carrying over a number of open positions into next week. Overall, while there was some upexpected weakness, we still remain confident in all of our open positions, and feel a bounce could be near. We are also continuing to recommend that members keep cash levels up a bit higher than normal with all the uncertainty currently in the markets. Aside from earnings reports from Ciena, Sycamore, and Dell in the week ahead, things should again be fairly quiet. With the markets having trouble finding a catalyst, we feel that it's very important that one of these companies delivers an upbeat report in order to help bring investors' interest back to technology shares. We cannot ignore the fact that the Nasdaq looks very negative from a technical perspective however. Currently, we are sitting right where we started the year, and if not for Mr. Greenspan's rate cuts, we might actually be much lower. Investors are finally starting to realize that the Fed's actions will take a while to take effect, and in turn appaer hesitant to rush back into the markets. Almost every analyst on Wall Street is now forecasting that things will pick-up later this year, but we feel it's much too premature to be sure of anything just yet. With the combination of increasing layoffs and a rapid decline in consumer confidence, the economy and markets could take much longer than many of the experts are predicting to get better. With that said, we will still maintain a cautious stance towards the stocks and the markets moving forward. Overall, the week ahead should be another interesting one for technology related stocks! With things starting to look rough again in the markets, we feel that there could be a number of excellent buying opportunities in the weeks ahead, so stay tuned! We look forward to seeing you through the week at http://www.daytraders.com. Until then, good luck in the markets! :-) Brian Frechman, Market Editor Ray Johns, Senior Market Editor DayTraders.com - - ------------------------------ End of canslim-digest V2 #1116 ****************************** 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.