From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1165 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 Wednesday, February 28 2001 Volume 02 : Number 1165 In this issue: [CANSLIM] Sold FRNT for 29.5 today -- how? [CANSLIM] MAGI Re: [CANSLIM] O'Neil in IBD Monday. Re: [CANSLIM] Relief Rally on Monday Re: [CANSLIM] Selling Strategies Re: [CANSLIM] Selling Strategies Re: [CANSLIM] Relief Rally on Monday Re: [CANSLIM] Sold FRNT for 29.5 today -- how? Re: [CANSLIM] MAGI [CANSLIM] Seeing a bottom? Re: [CANSLIM] Seeing a bottom? [CANSLIM] remove Re: [CANSLIM] Seeing a bottom? Re: [CANSLIM] Relief Rally on Monday Re: [CANSLIM] O'Neil in IBD Monday. RE: [CANSLIM] RCII [CANSLIM] Ashw-sell RE: [CANSLIM] Ashw-sell BUCA, CLC (was Re: [CANSLIM] Ashw-sell) ---------------------------------------------------------------------- Date: Tue, 27 Feb 2001 22:57:26 EST From: Mhboatman@aol.com Subject: [CANSLIM] Sold FRNT for 29.5 today -- how? - --part1_13.1207491d.27cdd126_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Something happen to day I do not understand. Can someone please explain to me what happened that allowed me to complete a sell order at 29.5 for FRNT? I held a small position in FRNT -- only 50 shares. When the market opened this morning it was already down to around 25 or so and heading south on big time volume. I did not have a stop order in place -- would not have done any good in this situation anyway. Around 10 EST I placed a sell order at market. According to Datek's Streamer it was then below 24. E-Trade sold it immediately for 29.5. That was a nice surpass -- but how could that be? Today the market never traded above 26.625, according to Investors.com. Net result was the sale wiped out my small gain but with little in the way of loss. Trying to learn in Minnesota. - --part1_13.1207491d.27cdd126_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Something happen to day I do not understand. Can someone please explain to
me what happened that allowed me to complete a sell order at 29.5 for FRNT?

I held a small position in FRNT -- only 50 shares. When the market opened
this morning it was already down to around 25 or so and heading south on big
time volume. I did not have a stop order in place -- would not have done any
good in this situation anyway. Around 10 EST I placed a sell order at
market. According to Datek's Streamer it was then below 24. E-Trade sold it
immediately for 29.5. That was a nice surpass -- but how could that be?
Today the market never traded above 26.625, according to Investors.com.

Net result was the sale wiped out my small gain but with little in the way of
loss.

Trying to learn in Minnesota.

- --part1_13.1207491d.27cdd126_boundary-- - - ------------------------------ Date: Tue, 27 Feb 2001 23:28:56 EST From: Vanchee1@aol.com Subject: [CANSLIM] MAGI I generally do not like retail stocks, but am watching this one, might buy some if it moves above 16 on at least a 50% increase in volume. Chris. - - ------------------------------ Date: Tue, 27 Feb 2001 20:31:19 -0800 From: Dan Subject: Re: [CANSLIM] O'Neil in IBD Monday. We rapidly caught up and are now above normal in most of the state. We do have a lot of southerly facing roof tops that we could put solar cell and water heating on though. I think it would be a good investment for tax and purchase incentives to interest people to install them. It seems that it would be a lot less costly than building fossil fuel plants. Eric Shen wrote: > Tom Worley wrote: > > > > There is also greater use of hydroelectric production, such as > > the Canadians have done. By and large, it is a self sustaining > > resource. Granted, environmental damage is done by constructing > > the dams. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > Too bad California is short on water in addition to electricity. > > I think nuclear would be the best way to go. Just need to develop > some safe rockets to send the waste product to the sun. > > -- > Eric Shen MS LOC3-8 Intel Corporation > email: eshen@level1.com 9750 Goethe Road > Tel: (916) 855 5177 x4497 Sacramento, CA 95827 > > - - - ------------------------------ Date: Tue, 27 Feb 2001 20:36:32 -0800 From: Dan Subject: Re: [CANSLIM] Relief Rally on Monday The "market" seems too large to be influenced by one sector to me. I slip in to my condescending eye roll when those in the media come up with some explanation, after the fact, that accounts for the move of the day. Just doesn't seem to mean much. Oh, I know that there are exigent circumstances that do cause moves, but overall, it seems that the market is more like a river and we are either moving with it or against it. It also seems to me that an interest rate cut might not change the direction of flow for awhile; maybe we will get a pop up though, but I surely would not be surprised that it keeps going as it has been for the last few months. Perhaps the market is really tied to earnings after all and when they improve so will the direction of the market. I heard or read lately, that there are a lot more companies than usual are warning and going to warn next cycle. I am myopic and not learned in the ways of economics, just how it feels to me. Tom Worley wrote: > And today demonstrated just what, at least on Nasdaq, can happen > when the relief rally is lukewarm on volume. > > BTW, one of the excuses for today is the sharp decline in new > home sales. Rather funny, as the airheads talked about this > industry "cratering". Historically, in a declining (or > anticipated to decline) interest rate environment, new home (and > existing home) buyers hold off closing the deal in hopes of > getting an even better interest rate on mortgages. I know this, > and expected a decline in home sales. How come the commentators > don't know this well known historic trend? Sales pick up sharply > when the expectation is for rates to rise, as buyers rush to > close deals and lock in rates. > > FWIW, Wayne Angell, an economist at Bear Stearns whose > presentations I have listened to many times and respect (and is a > former Fed Governor) has predicted an 80% probability that the > Feds will cut this week, before the March 20 meeting. And Mr. G > speaks to Congress tomorrow. Watch for clues. > > I will also admit that the latest economic reports are uglier > than I expected, and are more likely to force the Feds' hand with > a pre-meeting rate cut. Best indications I hear are for 50 bp, > and a 1.5% cut in two months sounds like an emergency "all back > full" to prevent wholesale recession. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: > To: > Sent: Tuesday, February 27, 2001 2:21 PM > Subject: Re: [CANSLIM] Relief Rally on Monday > > Tom: > > Actually the NYSE looks as it has made a triple bottom-in > mid-April, > last Oct. and now. > We seem to be getting a mixed picture. RS seems very > strong, but volume > on the rises see tepid. > > jans > > - > > - - - ------------------------------ Date: Tue, 27 Feb 2001 20:39:12 -0800 (PST) From: John Subject: Re: [CANSLIM] Selling Strategies Hi Richard, thank for replying. I appreciate it. I look at the charts of the stocks that I own, every night. I went back and looked at the chart after I read your message (and Ricardo's). I don't think that I would have considered a gap that small in the middle of a fairly well defined channel to be of any significance -- perhaps I should. Re-reading (today) Won's applicable rule, he is looking for something like a two-point gap after a rapid advance. In any case, thanks for the reply. Rich - --- Richard Herkert wrote: > Congratulations, John, on the use and placement of > your hard stop. > > There is an interesting DGO chart on FRNT which > might have forewarned the huge correction, or at > least made a significant warning of "today's" > market's displeasure with FRNT. Other than the > chart, down earnings and sales for the last quarter > 1999 and the first quarter 2000, along with an EPS > of 77 (B), all of FRNT's indicators were a go. > FRNT's action is an excellent example why good daily > and weekly charts are essential. > > Following a climb from the 20 area of Oct. 19th, it > appears that on Feb. 16, FRNT might have had an > exhaustion gap of 0.88 pts. when it made a new high > of 37.88 on 200% volume, gaining only 2pts. with a > days range of 1.25 pts. The next market day, Feb. > 20, it closed down 0.19 on 147% with a tight days > range of 0.93 pts. On Feb. 21 made new high of > 39.25, closing up only 0.82 pts., on record high > volume of 452%. Close was in the lower 40% of day's > range of 1.73 pts. Looks like the institutions were > starting to sell off? > > As always, hind sight makes every thing look easy > but if we don't use hindsight to learn, we just > repeat our mistakes. > > Any thoughts? > > Dick > > > > ----- Original Message ----- > From: John > To: CANSLIM > Sent: Tuesday, February 27, 2001 10:02 AM > Subject: [CANSLIM] Selling Strategies > > > I have been re-reading WON's selling rules and > surprisingly to me, I did not find a place where he > said to sell when the market averages fall (he > certainly is clear that one should not buy in a > falling market). What he does say in 24 Essential > Lessons for Investment Success (TELIS?) is: > > > > > "If the real market leaders in a particular > industry break down in price, are being sold in > volume and are unable to gain much ground, then most > of the others in the group will probably be > vulnerable and should be considered for selling." > > > > > I interpret this to mean that the sector is > falling rather than the market. > > > > > In any case, I was stopped out of FRNT yesterday. > This is an example of when a hard stop-loss order > worked well. Yesterday FRNT announced that it > projected flat earnings. Today FRNT is down 32% -- > most of which occurred overnight. Unless one had a > particular sell price in mind and was watching like > a hawk, it is unlikely one would have gotten out in > time. (Attached is a 5-day chart of FRNT) > > > > > John > > > > > > - ------------------------------------------------------------------------------ > Do You Yahoo!? > Yahoo! Mail Personal Address - Get email at your > own domain with Yahoo! Mail. > > > - ------------------------------------------------------------------------------ > > > > > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: Tue, 27 Feb 2001 20:53:58 -0800 (PST) From: John Subject: Re: [CANSLIM] Selling Strategies - --- Ricardo Bekin wrote: >. . . > the drop today was just the (over)reaction to the > earnings warning (and btw this was a classic example > of a situation where a stop loss order would not > have helped, since it opened down more than 10 > dollars) >. . . It, of course, depends upon where the stop-loss is placed. I trail stop-loss orders based upon the inter-day highs. The ATR on 2/21 was 1.52 and the high was 39.25. I put the stop below what I perceived as support for the two previous weeks @ 34.5 . So, it tripped on 2/26, the day before the sell off. Lest I sound a little too smug, I have had stop-loss orders gapped-through many times. This time I was lucky. John __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: Tue, 27 Feb 2001 22:56:40 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Relief Rally on Monday On 27 Feb 01, at 20:33, Tom Worley wrote: > And today demonstrated just what, at least on Nasdaq, can happen > when the relief rally is lukewarm on volume. My fairly subjective take on the Market, watching all of the carnage in the big boys on the Nasdaq today (csco, pmcs, etc) is that we are probably getting near a bottom. But just because we stop going down doesn't mean we can't lay on the bottom for a while. The magnitude of this decline (someone on tv said the market could go up 20% a year for 5 years and only just be above the highs set last spring) is probably saying a lot about how severe the slowdown in the economy is, especially the tech sector, so we probably won't get rolling again for a few quarters. - - ------------------------------ Date: Wed, 28 Feb 2001 06:39:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Sold FRNT for 29.5 today -- how? This is a multi-part message in MIME format. - ------=_NextPart_000_0016_01C0A151.3294A840 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My guess is that it is a bad print, in which case they may discover = their error and correct it. Or maybe not, since it is only 50 shares. = Because of the small size of the order, it's likely they did it off = exchange, so also possible they just found you a good price. There are = some things you don't want to question, this is one. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message -----=20 From: Mhboatman@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, February 27, 2001 10:57 PM Subject: [CANSLIM] Sold FRNT for 29.5 today -- how? Something happen to day I do not understand. Can someone please = explain to=20 me what happened that allowed me to complete a sell order at 29.5 for = FRNT?=20 I held a small position in FRNT -- only 50 shares. When the market = opened=20 this morning it was already down to around 25 or so and heading south = on big=20 time volume. I did not have a stop order in place -- would not have = done any=20 good in this situation anyway. Around 10 EST I placed a sell order at = market. According to Datek's Streamer it was then below 24. E-Trade = sold it=20 immediately for 29.5. That was a nice surpass -- but how could that = be? =20 Today the market never traded above 26.625, according to = Investors.com.=20 Net result was the sale wiped out my small gain but with little in the = way of=20 loss.=20 Trying to learn in Minnesota.=20 - ------=_NextPart_000_0016_01C0A151.3294A840 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

My guess is that it is a bad print, in which case = they may=20 discover their error and correct it. Or maybe not, since it is only 50 = shares.=20 Because of the small size of the order, it's likely they did it off = exchange, so=20 also possible they just found you a good price. There are some things = you don't=20 want to question, this is one.

Tom Worley
stkguru@netside.net
ICQ # = 5568838

----- Original Message -----

From:=20 Mhboatman@aol.com

To: canslim@lists.xmission.com =

Sent: Tuesday, February 27, = 2001 10:57=20 PM

Subject: [CANSLIM] Sold FRNT = for 29.5=20 today -- how?

Something = happen to day=20 I do not understand. Can someone please explain to
me what = happened=20 that allowed me to complete a sell order at 29.5 for FRNT?

I = held a=20 small position in FRNT -- only 50 shares. When the market opened =
this morning it was already down to around 25 or so and heading = south on=20 big
time volume. I did not have a stop order in place -- = would not=20 have done any
good in this situation anyway. Around 10 EST I = placed=20 a sell order at
market. According to Datek's Streamer it was = then=20 below 24. E-Trade sold it
immediately for 29.5. That = was a=20 nice surpass -- but how could that be?
Today the market = never=20 traded above 26.625, according to Investors.com.

Net result = was the=20 sale wiped out my small gain but with little in the way of
loss.=20

Trying to learn in Minnesota.=20

- ------=_NextPart_000_0016_01C0A151.3294A840-- - - ------------------------------ Date: Wed, 28 Feb 2001 07:21:47 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MAGI Chris, Are you not concerned over the consensus forecast of a decline in earnings this year (ending Oct) of 24%? Even with the forecasted increase in year 2002 of 24%, it still will not take it over the earnings of 2000. I must also point out that this stock shows a four week base just under 13. At yesterday's close (granted a strong showing on a really downer day, closing at the high on volume), this stock is already over 20% extended. I too would appreciate it when you mention the stock is not meeting some of the more basic CANSLIM requirements. We have many members here who cannot spend their daytime watching a pure momentum stock minute by minute. I recognize that this stock has good RS (87) and EPS (90), but the chart is not a buyable one by virtually anyone's CANSLIM interpretation I have seen here. I do not mean to disparage your success at short term trading, but I try to look at most stocks members post here, both for my own interest as well as to offer my observations. It would be beneficial to all if you tell us up front that this is not a buyable CANSLIM stock, and why. Then those members that choose to amend that aspect of CANSLIM can check it out, and those that do not buy heavily extended stocks (in this case) can save the time. Regards, Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: To: Sent: Tuesday, February 27, 2001 11:28 PM Subject: [CANSLIM] MAGI I generally do not like retail stocks, but am watching this one, might buy some if it moves above 16 on at least a 50% increase in volume. Chris. - - - - ------------------------------ Date: Wed, 28 Feb 2001 08:00:07 -0500 From: "Tom Worley" Subject: [CANSLIM] Seeing a bottom? This is a multi-part message in MIME format. - ------=_NextPart_000_003B_01C0A15C.77BB4A40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I took some time this morning (see, insomnia is useful!) to take a look = around the markets. Noted a few things. First, on the issue of recession, I expected to see the Transportation = Index heading into the dumpster. If recession is upon us, as some market = pundits are postulating, then reduced economic activity (e.g. shipping = of raw to finished goods) would sharply impact this sector. So far, = chart looks decent, so no evidence of anything but a sharp slowdown in = growth, and an eventual soft landing. Looking at yesterday's selloff on NASDAQ, I see that volume was well = under daily average, a good sign. But looking further, I see that both = the Naz 100 and S&P500 were hit much harder percentage wise than the = Naz. So the big caps are taking the brunt of it, and also presumably = contributing more to the volume even with volume down. I contrasted this with the Russell 2000, which was also down on low = volume, but only down about 2%. The small caps still look to be holding = up. Makes sense, since historically they have shown the best earnings = improvement as they have a small number to compare to. And once past the = point of profitability, they can improve rapidly for a few years. It's = tougher for a multi-billion dollar corp to show 20 or 30% earnings = improvement. But smart money still wants to be in large or medium caps, = so this success can change in a heartbeat. Just some random thoughts I wanted to share, Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_003B_01C0A15C.77BB4A40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I took some time this morning (see, insomnia is = useful!) to=20 take a look around the markets. Noted a few things.

First, on the issue of recession, I expected to see = the=20 Transportation Index heading into the dumpster. If recession is upon us, = as some=20 market pundits are postulating, then reduced economic activity (e.g. = shipping of=20 raw to finished goods) would sharply impact this sector. So far, = chart=20 looks decent, so no evidence of anything but a sharp slowdown in growth, = and an=20 eventual soft landing.

Looking at yesterday's selloff on NASDAQ, I see that = volume=20 was well under daily average, a good sign. But looking further, I = see that=20 both the Naz 100 and S&P500 were hit much harder percentage wise = than the=20 Naz. So the big caps are taking the brunt of it, and also = presumably=20 contributing more to the volume even with volume down.

I contrasted this with the Russell 2000, which was = also down=20 on low volume, but only down about 2%. The small caps still look to = be=20 holding up. Makes sense, since historically they have shown the best = earnings=20 improvement as they have a small number to compare to. And once past the = point=20 of profitability, they can improve rapidly for a few years. It's = tougher=20 for a multi-billion dollar corp to show 20 or 30% earnings improvement. = But=20 smart money still wants to be in large or medium caps, so this success = can=20 change in a heartbeat.

Just some random thoughts I wanted to = share,

Tom Worley
stkguru@netside.net
ICQ #=20 5568838

- ------=_NextPart_000_003B_01C0A15C.77BB4A40-- - - ------------------------------ Date: Wed, 28 Feb 2001 07:45:01 -0600 From: "David Squires" Subject: Re: [CANSLIM] Seeing a bottom? This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C0A15A.5B51F400 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Tom, To add some extra perspective to your comments sentiment, as I track it, = is also very bearish here. I track a number of options ratios, Tick = numbers, VIX CVR signals, Rydex assets as well as the popular bullish = consensus numbers. Any way you slice be it... premium, volume or dollar = weighted the option players are extremely bearish in here. Rydex market = timers have a very bearish stance, the VIX CVR gave multiple buy signals = last week and an average of popular bullish consensus numbers comes in a = 32.7% bulls vs 37.9% bears. At the Jan 2 low this ratio stood at 32% = bulls vs 44.3% bears. Other technical indicators such as the recent = large downticks in the NAZ, an oversold McCellan Oscillator and 1 and = 5-day TRIN numbers all point to a POTENTIAL large rally here. Of course, = these numbers set the back round for price reversal but until prices = reverse I am not acting on them.=20 Good Trading, Dave Squires ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Wednesday, February 28, 2001 7:00 AM Subject: [CANSLIM] Seeing a bottom? I took some time this morning (see, insomnia is useful!) to take a = look around the markets. Noted a few things. First, on the issue of recession, I expected to see the Transportation = Index heading into the dumpster. If recession is upon us, as some market = pundits are postulating, then reduced economic activity (e.g. shipping = of raw to finished goods) would sharply impact this sector. So far, = chart looks decent, so no evidence of anything but a sharp slowdown in = growth, and an eventual soft landing. Looking at yesterday's selloff on NASDAQ, I see that volume was well = under daily average, a good sign. But looking further, I see that both = the Naz 100 and S&P500 were hit much harder percentage wise than the = Naz. So the big caps are taking the brunt of it, and also presumably = contributing more to the volume even with volume down. I contrasted this with the Russell 2000, which was also down on low = volume, but only down about 2%. The small caps still look to be holding = up. Makes sense, since historically they have shown the best earnings = improvement as they have a small number to compare to. And once past the = point of profitability, they can improve rapidly for a few years. It's = tougher for a multi-billion dollar corp to show 20 or 30% earnings = improvement. But smart money still wants to be in large or medium caps, = so this success can change in a heartbeat. Just some random thoughts I wanted to share, Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_0009_01C0A15A.5B51F400 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi Tom,

To add some extra perspective to your comments = sentiment, as I=20 track it, is also very bearish here. I track a number of options ratios, = Tick=20 numbers, VIX CVR signals, Rydex assets as well as the popular bullish = consensus=20 numbers. Any way you slice be it... premium, volume or dollar weighted = the=20 option players are extremely bearish in here. Rydex market timers have a = very=20 bearish stance, the VIX CVR gave multiple buy signals last week and an = average=20 of popular bullish consensus numbers comes in a 32.7% bulls vs = 37.9% bears.=20 At the Jan 2 low this ratio stood at 32% bulls vs 44.3% bears. Other = technical=20 indicators such as the recent large downticks in the NAZ, an oversold = McCellan=20 Oscillator and 1 and 5-day TRIN numbers all point to a POTENTIAL large = rally=20 here. Of course, these numbers set the back round for price reversal but = until=20 prices reverse I am not acting on them.

Good Trading,

Dave Squires

----- Original Message -----
From:=20 Tom = Worley=20
To: CANSLIM

Sent: Wednesday, February 28, = 2001 7:00=20 AM

Subject: [CANSLIM] Seeing a = bottom?

I took some time this morning (see, insomnia is = useful!) to=20 take a look around the markets. Noted a few things.

First, on the issue of recession, I expected to = see the=20 Transportation Index heading into the dumpster. If recession is upon = us, as=20 some market pundits are postulating, then reduced economic activity = (e.g.=20 shipping of raw to finished goods) would sharply impact this = sector. So=20 far, chart looks decent, so no evidence of anything but a sharp = slowdown in=20 growth, and an eventual soft landing.

Looking at yesterday's selloff on NASDAQ, I see = that volume=20 was well under daily average, a good sign. But looking further, = I see=20 that both the Naz 100 and S&P500 were hit much harder percentage = wise than=20 the Naz. So the big caps are taking the brunt of it, and also = presumably=20 contributing more to the volume even with volume down.

I contrasted this with the Russell 2000, which was = also down=20 on low volume, but only down about 2%. The small caps still look = to be=20 holding up. Makes sense, since historically they have shown the best = earnings=20 improvement as they have a small number to compare to. And once past = the point=20 of profitability, they can improve rapidly for a few years. It's = tougher=20 for a multi-billion dollar corp to show 20 or 30% earnings = improvement. But=20 smart money still wants to be in large or medium caps, so this success = can=20 change in a heartbeat.

Just some random thoughts I wanted to = share,

Tom Worley
stkguru@netside.net
ICQ #=20 5568838

- ------=_NextPart_000_0009_01C0A15A.5B51F400-- - - ------------------------------ Date: Wed, 28 Feb 2001 11:09:25 -0600 From: "dmonroetx" Subject: [CANSLIM] remove This is a multi-part message in MIME format. - ------=_NextPart_000_0425_01C0A176.E93129A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable remove =20 - ------=_NextPart_000_0425_01C0A176.E93129A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

remove

- ------=_NextPart_000_0425_01C0A176.E93129A0-- - - ------------------------------ Date: Wed, 28 Feb 2001 09:03:35 -0800 From: Eric Shen Subject: Re: [CANSLIM] Seeing a bottom? Personally, I'm not convinced that we're at bottom, just yet. Market sentiment hasn't "thrown in the towel yet" * Haven't seen the put/call ratio rise recently. * The weekly news magazines don't appear to be screaming "Sell Stocks Nows" * Locally, people are still buying on "dips" (I am tempted to pick up shares cheaply but need to refrain myself) I think that once people give up hope, then we've hit bottom. - -- Eric Shen MS LOC3-8 Intel Corporation email: eshen@level1.com 9750 Goethe Road Tel: (916) 855 5177 x4497 Sacramento, CA 95827 - - ------------------------------ Date: Wed, 28 Feb 2001 09:22:06 -0800 (PST) From: John Subject: Re: [CANSLIM] Relief Rally on Monday Keep in mind that the NASDAQ index is "market weighted". A lot of the size of the drop is due to some large companies that were clearly over-extended. While it may take a long time to get the index back to where it was last year, we are not trading the index. If we can just have a "rising market", there will be plenty of 50%s to be made in individual stocks. John - --- Patrick Wahl wrote: > > The magnitude of this decline (someone on tv said > the market > could go up 20% a year for 5 years and only just be > above the > highs set last spring) is probably saying a lot > about how severe the > slowdown in the economy is, especially the tech > sector, so we > probably won't get rolling again for a few quarters. > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: Wed, 28 Feb 2001 11:46:45 -0600 (CST) From: Pritish Shah Subject: Re: [CANSLIM] O'Neil in IBD Monday. In actuality putting solar panels on the roof is very cost prohibitive. Each solar panel that provides around 150 watts of power costs around $2000 to $4000 to buy and install. A powerplant can easily produce 500 megawatts/hr of power or 500,000,000 The cost of solar panels to produce this kind of power would be around $7billion Hoover dam which produces around 450megawatts/hour (I believe) cost $165million in 1935 (ref http://library.thinkquest.org/C004471/tep/en/traditional_energy/hydroelectric_power.html) Todays cost would be $2 billion. (ref http://www.eh.net/ehresources/howmuch/dollarr.php) As you can clearly see, the cost of solar panels is around 3 to 4 times the cost of building a hydro-electric project. Coal powered projects are much less costlier. Regards, Pritish On Tue, 27 Feb 2001, Dan wrote: > We rapidly caught up and are now above normal in most of the state. > > We do have a lot of southerly facing roof tops that we could put solar > cell and water heating on though. I think it would be a good investment > for tax and purchase incentives to interest people to install them. It > seems that it would be a lot less costly than building fossil fuel > plants. > > Eric Shen wrote: > > > Tom Worley wrote: > > > > > > There is also greater use of hydroelectric production, such as > > > the Canadians have done. By and large, it is a self sustaining > > > resource. Granted, environmental damage is done by constructing > > > the dams. > > > > > > Tom Worley > > > stkguru@netside.net > > > ICQ # 5568838 > > > > > > > Too bad California is short on water in addition to electricity. > > > > I think nuclear would be the best way to go. Just need to develop > > some safe rockets to send the waste product to the sun. > > > > -- > > Eric Shen MS LOC3-8 Intel Corporation > > email: eshen@level1.com 9750 Goethe Road > > Tel: (916) 855 5177 x4497 Sacramento, CA 95827 > > > > - > > > - > > - - ------------------------------ Date: Wed, 28 Feb 2001 13:06:29 -0500 From: Surindra Subject: RE: [CANSLIM] RCII non canslim, hit delete button: look at RENT (Rentrak) instead of rent a center (RCII), ps: bottoms of the markets are historical...... have a nice day. surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Tuesday, February 27, 2001 4:07 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] RCII As someone else pointed out, this is generally a pattern that forms in a strong bull. I give it wiggle room in a bear market like this one. IMHO a trading range from 38+ to 40+ over 8 days is neither wide nor loose. There was a shakeout the prior week but I attribute that to earnings coming out on Feb 6. On 11:33 AM 2/27/01, Spencer48@aol.com Said: >Tim, > > Just a question: Why do you see an HTF (I imagine it means WON's High >Tight Flag) in RCII. It has not doubled in 4-8 weeks. It took over 3 months >to double. Moreover-and this seems more significant-the formation seems >very wide and loose. > I'm interested then in what signal you saw that gave you reason to >conclude RCII is a HTF. The reason I ask is not to show that I've read WON's >book, but because you correspond often, and generally your analyses prove >correct. > >jans > >- 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, 28 Feb 2001 13:49:58 EST From: Vanchee1@aol.com Subject: [CANSLIM] Ashw-sell Sold my ASHW today, not impressed with earnings and just do not like the apparel group, may be why I cant bring myself to buy MAGI (note MAGI is not a canslim stock). Now i have some extra cash to invest, so someone post a good stock or two to buy. Getting a little harder to find in this market. Chris. - - ------------------------------ Date: Wed, 28 Feb 2001 15:20:52 -0800 From: "Dragon" Subject: RE: [CANSLIM] Ashw-sell How does BUCA and CLC look? Got them off the http://www.canslim.net/ and reviewing their stats. I can't see any problem but I have never made any money in stocks before and do own them both. Regards, Frank - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Vanchee1@aol.com Sent: Wednesday, February 28, 2001 10:50 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Ashw-sell Sold my ASHW today, not impressed with earnings and just do not like the apparel group, may be why I cant bring myself to buy MAGI (note MAGI is not a canslim stock). Now i have some extra cash to invest, so someone post a good stock or two to buy. Getting a little harder to find in this market. Chris. - - - - ------------------------------ Date: Wed, 28 Feb 2001 20:18:21 -0500 From: "Tom Worley" Subject: BUCA, CLC (was Re: [CANSLIM] Ashw-sell) BUCA - CS wise looks decent, not quite a 4 week base so far, I note no ROE (probably due the losses in 1996-98), and funds already own over half (53%) of the float, so they are more likely to be sellers than buyers. CLC - chartwise I would fault this one due the small rise above the base just under $24 on low volume. CS wise, several things - 5 year earnings growth only 11%, earnings forecast for this year only 9% and 11% next year, ROE 17%, not in the top five of its group, GRS only 64. Just some quick thoughts and observations Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Dragon To: Sent: Wednesday, February 28, 2001 6:20 PM Subject: RE: [CANSLIM] Ashw-sell How does BUCA and CLC look? Got them off the http://www.canslim.net/ and reviewing their stats. I can't see any problem but I have never made any money in stocks before and do own them both. Regards, Frank - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Vanchee1@aol.com Sent: Wednesday, February 28, 2001 10:50 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Ashw-sell Sold my ASHW today, not impressed with earnings and just do not like the apparel group, may be why I cant bring myself to buy MAGI (note MAGI is not a canslim stock). Now i have some extra cash to invest, so someone post a good stock or two to buy. Getting a little harder to find in this market. Chris. - - - - - - ------------------------------ End of canslim-digest V2 #1165 ****************************** 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. 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