From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1295 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, April 19 2001 Volume 02 : Number 1295 In this issue: Re: [CANSLIM] nvda Re: [CANSLIM] DGO Help Re: [CANSLIM] MDC Re: [CANSLIM] Futures volatile Re: [CANSLIM] rtec RE: [CANSLIM] nvda Futures quotes (was Re: [CANSLIM] overextended) Re: [CANSLIM] Futures volatile ---------------------------------------------------------------------- Date: Thu, 19 Apr 2001 22:41:01 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] nvda Ann, The only thing different in a volatile market is if you let it change your thinking and decision making. I am a long term investor, with more emphasis on fundies than momentum. But I have traded out and back into EPIQ four times in two years. Hasn't changed my long term outlook, good business model and successful in the good times, will thrive in the bad times. The recent runup was my reward for my long term outlook, or I might not have been watching it, or already owned it. You can have the long term focus where you just buy and hold and forget you own it. Or you can have the long term focus where you recognize that there will be volatility, and even good stocks may get ahead of themselves. I have been fortunate with EPIQ, made a nice profit on every sell, and each following buy was executed nicely below the prior sell. But that success rate also cost me in that my last sell (of a half position) made me too conservative when I tried to buy it back $5 lower, and the market was only willing to give me $4 lower, and I didn't take it. That decision cost me $9 / share, a nice 64% gain had I taken it, in just over a month. Either focus is valid, and I am hoping you held onto NVDA, as I see it popped right back up today to another new high. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Ann Hollingworth To: CANSLIM Listserv Sent: Thursday, April 19, 2001 9:09 AM Subject: [CANSLIM] nvda Thanks, Tom, Norman, and David, for suggestions, insights, and article. Regarding the long-term vs. Canslim, I was thinking that things are different in a volatile market. Because of the extreme volatility, perhaps I should modify my normal long-term outlook. Ann - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 19 Apr 2001 22:53:41 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DGO Help Hi Fred, Aside from Earl's response, the only other suggestion I can offer is to complain to DGO CustServ that they do not provide a list of all stocks (5000+ vs just the ones already in DG Books). I complain regularly, but so far no joy. Earl is correct, many of the ones missing from the books list are small cap and/or thinly traded. But in a large group, there can still be a number that are neither small cap, nor thinly traded, just for one reason or another don't make the cut in their group. This is especially true of a large group also high in the rankings, and those might be ones you want to see. Right now, all you can do is buy the book which lists all stocks in all groups, then manually review them on a particular group you like. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Fred Doolittle To: Sent: Thursday, April 19, 2001 11:32 AM Subject: [CANSLIM] DGO Help DGO users: I believe there is a way in DGO to download a huge table of all stocks in the db, including an industry group column. Reason I believe this: about 2 months ago someone posted such a file on this board. And because of the usefulness of that file, I subscribed to DGO, but cannot find that option. I found some reports that look very similar, but they're all pre-distilled. Do any other DGO users remember that posting? What I want to do is import all that into excel and do some sorting on my target industries (which right now are in the dumpster, but I'm inclined to look for some bottom fish) Thanks, Fred __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 19 Apr 2001 22:47:31 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MDC Looks like a nice LLUR (Lower Left Upper Right) to me. If so, got some room before it reaches the upper range. Only thing I spotted that would trouble me is the sequential decline in earnings and sales in qtr just reported (which may be weather related), and the forecast for earnings growth of 4% this year and 9% next year. Tom Worley stkguru@netside.net - ----- Original Message ----- From: esetser To: Sent: Thursday, April 19, 2001 10:09 AM Subject: [CANSLIM] MDC I did pick up MDC this morning based on a good move up from yesterday. Comments on this candidate? MDC 98/98/AAA Ind Grp #2! Chart, breakout without handle, showed some weakness, moving back up today - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 19 Apr 2001 21:59:18 -0500 From: "Norman" Subject: Re: [CANSLIM] Futures volatile This is a multi-part message in MIME format. - ------=_NextPart_000_014A_01C0C91B.FB6B3120 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I do enjoy seeing the futures posts and how you sum up the foreign = markets. Your insight has educated me in many ways. Norman Boyd Port Lavaca (Port of the Cow), TX theboyd@tisd.net ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 19, 2001 9:30 PM Subject: Re: [CANSLIM] Futures volatile Sorry David, I won't bother you with them again. I simply recognized = that some members like myself were being sorely tempted to plunge in = right now, just anxiously waiting for the precise moment. Since I am = usually up earlier than most, and have more time to review world = markets, thought it might be helpful to have a quick summary of what I = had learned over the prior 3-4 hours. At least I originated new emails, and used subject lines that = corresponded with the content!! Wish all members would remember to do = that. It's easier then to delete without reading if you don't want them. And Walter, don't worry, I am not offended by David's view. I get = enough personal email already that I know some members find value in my = posts. David, for clarification, I am not, nor have ever been, a day trader. = I have learned a lot from day traders, but would not put myself thru the = stress. And since CANSLIM is also not a daytrading system, I see no = value in a daytrader posting numerous buys and sells where many would = not meet CANSLIM criteria, much less be of any value to those of us that = read our email early in the morning or quite late at night, but never = during the trading day. BTW, for those members trying to bottom fish some quality big caps = (remember my comment about a week ago to look for ones that bottomed = early??), or if you just want to check market trends and sentiment, then = watch NOK and MRK tomorrow. Both report before the opening, and both are = expected to beat estimates. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: David Squires=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 19, 2001 8:59 AM Subject: Re: [CANSLIM] Futures volatile Tom, A few weeks ago you got quite upset with someone who was posting his = trades frequently suggesting you are not a day trader. How is your = morning blow by blow futures and earnings posts any different? I'm not = trying to be difficult but if I want to know the news and futures quotes = I can look at my screen just like you.=20 DSquires ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Thursday, April 19, 2001 6:40 AM Subject: [CANSLIM] Futures volatile In the past hour or so, I have watched futures decline to where = the S&P500 was half a percent in the hole, and Naz futures were only up = half a percent. About 15 minutes or so ago, Naz had recovered to nearly = up 1%. Now I look and Naz is once again limit up (over 2%) and S&P500 up = a percent. Europe is still down, but looks to be recovering somewhat. Should be an interesting morning, Tom Worley stkguru@netside.net - ------=_NextPart_000_014A_01C0C91B.FB6B3120 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I do enjoy seeing the futures posts and how you sum up the foreign=20 markets.  Your insight has educated me in many ways.
 
Norman Boyd
Port Lavaca (Port of the Cow), TX
theboyd@tisd.net
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Thursday, April 19, 2001 = 9:30=20 PM
Subject: Re: [CANSLIM] Futures=20 volatile

Sorry David, I won't bother you with them again. I = simply=20 recognized that some members like myself were being sorely tempted to = plunge=20 in right now, just anxiously waiting for the precise moment. Since I = am=20 usually up earlier than most, and have more time to review world = markets,=20 thought it might be helpful to have a quick summary of what I had = learned over=20 the prior 3-4 hours.
 
At least I originated new emails, and used subject = lines=20 that corresponded with the content!! Wish all members would remember = to do=20 that. It's easier then to delete without reading if you don't want=20 them.
 
And Walter, don't worry, I am not offended by = David's view.=20 I get enough personal email already that I know some members find = value in my=20 posts.
 
David, for clarification, I am not, nor have ever = been, a=20 day trader. I have learned a lot from day traders, but would not put = myself=20 thru the stress. And since CANSLIM is also not a daytrading system, I = see no=20 value in a daytrader posting numerous buys and sells where many would = not meet=20 CANSLIM criteria, much less be of any value to those of us that read = our email=20 early in the morning or quite late at night, but never during the = trading=20 day.
 
BTW, for those members trying to bottom fish some = quality=20 big caps (remember my comment about a week ago to look for ones that = bottomed=20 early??), or if you just want to check market trends and sentiment, = then watch=20 NOK and MRK tomorrow. Both report before the opening, and both are = expected to=20 beat estimates.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 David=20 Squires
Sent: Thursday, April 19, = 2001 8:59=20 AM
Subject: Re: [CANSLIM] = Futures=20 volatile

Tom,
 
A few weeks ago you got quite upset with someone = who was=20 posting his trades frequently suggesting you are not a day trader. = How is=20 your morning blow by blow futures and earnings posts any different? = I'm not=20 trying to be difficult but if I want to know the news and futures = quotes I=20 can look at my screen just like you.
 
DSquires
----- Original Message ----- =
From:=20 Tom=20 Worley
To: CANSLIM
Sent: Thursday, April 19, = 2001 6:40=20 AM
Subject: [CANSLIM] Futures=20 volatile

In the past hour or so, I have watched futures = decline=20 to where the S&P500 was half a percent in the hole, and Naz = futures=20 were only up half a percent. About 15 minutes or so ago, Naz had = recovered=20 to nearly up 1%. Now I look and Naz is once again limit up (over = 2%) and=20 S&P500 up a percent.
 
Europe is still down, but looks to be = recovering=20 somewhat.
 
Should be an interesting morning,
 
Tom Worley
stkguru@netside.net
 
 
- ------=_NextPart_000_014A_01C0C91B.FB6B3120-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 19 Apr 2001 23:00:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] rtec Ann, I would have to agree with Earl on this one. Looks to me like a nice double bottom, but the semis are soaring for reasons I cannot understand. Possibly there are some highly specialized niche companies out there whose market is not shrinking along with the PC box makers and the cell phone makers. But for the moment, it seems to me we have overall shrinking chip demand at the same time as increasing manufacturing capacity. That happens in the chip industry, but painful to watch. I don't see anything on this chart that makes my fingers twitch. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Ann Hollingworth To: Sent: Thursday, April 19, 2001 3:40 PM Subject: RE: [CANSLIM] rtec Maybe my attraction to semis blinded me. And I thought the right side (I thought) of the cup showed positive volume on the upside. Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser Sent: Thursday, April 19, 2001 12:18 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] rtec Boy, Ann, I can't see much to like about this chart. The stock has shown wild gyrations, rather than some kind of trend. It looks more to me like a failed breakout in Feb of this year, with a really steep V pattern down and back up. The last time the stock was a this level, it sold off 7 days in a row, with 5 of those days on above average volume. What is there about the chart that makes you want to buy, and more specifically, why now? I don't see any handle or pivot point anywhere until you get a new 52 week high above 53.69. Good luck with whatever you decide!! At 11:34 AM 4/19/01 -0400, you wrote: >The fundies look good, but what about the chart? I am thinking of grabbing >this one. The volume looks good, but I don't understand the chart. It's like >a W-formation, but with three bottoms? >Thanks ahead of time.b > >Ann > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 19 Apr 2001 23:14:05 -0400 From: "Ann Hollingworth" Subject: RE: [CANSLIM] nvda I appreciate the insights. Yes, still have it! Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Thursday, April 19, 2001 10:41 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] nvda Ann, The only thing different in a volatile market is if you let it change your thinking and decision making. I am a long term investor, with more emphasis on fundies than momentum. But I have traded out and back into EPIQ four times in two years. Hasn't changed my long term outlook, good business model and successful in the good times, will thrive in the bad times. The recent runup was my reward for my long term outlook, or I might not have been watching it, or already owned it. You can have the long term focus where you just buy and hold and forget you own it. Or you can have the long term focus where you recognize that there will be volatility, and even good stocks may get ahead of themselves. I have been fortunate with EPIQ, made a nice profit on every sell, and each following buy was executed nicely below the prior sell. But that success rate also cost me in that my last sell (of a half position) made me too conservative when I tried to buy it back $5 lower, and the market was only willing to give me $4 lower, and I didn't take it. That decision cost me $9 / share, a nice 64% gain had I taken it, in just over a month. Either focus is valid, and I am hoping you held onto NVDA, as I see it popped right back up today to another new high. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Ann Hollingworth To: CANSLIM Listserv Sent: Thursday, April 19, 2001 9:09 AM Subject: [CANSLIM] nvda Thanks, Tom, Norman, and David, for suggestions, insights, and article. Regarding the long-term vs. Canslim, I was thinking that things are different in a volatile market. Because of the extreme volatility, perhaps I should modify my normal long-term outlook. Ann - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 19 Apr 2001 23:08:24 -0400 From: "Tom Worley" Subject: Futures quotes (was Re: [CANSLIM] overextended) John, It's probably just your wording, but this is not the "futures listing for tomorrow", this is a live site that trades, and reports, virtually 24 hours a day during the week. So what you see is near real time futures quotes. During the early morning, those quotes are being influenced by what is happening in Europe. During the late evening, those quotes are being affected both by how the USA markets traded that day, as well as how Asia is trading at that time. The site automatically updates every ten minutes, usually a minute or two late. Sorry, I wasn't going to post any more on futures, but wanted to clarify. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Dan To: Sent: Thursday, April 19, 2001 10:38 PM Subject: Re: [CANSLIM] overextended http://www.cme.com/cgi-bin/gflash.cgi John Adair wrote: > Where can I find the futures listing for tomorrow other than cnbc in the > morning > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Thursday, April 19, 2001 5:23 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] overextended > > I'll try, Ann. > > Once the exchanges close at 4 PM, the end of day level is set. > When options resume trading (4:15 PM if memory serves me right), > then they are trading up or down from the end of day point. But > unlike regular trading, outside market hours there is a limit set > on how far they can trade. Right now it is 42 points, or about > 2%. Just a few days ago, those same 42 pts meant more like 2.5%. > So you can tell if the futures are up or down, but once limit up > or down you don't know just how strongly. > > Futures during non-market hours give you a hint as to how the > markets will open, but give little clue to how the next trading > day will end up. Right now, Naz futures are only up 10 pts, and > S&P500 futures are down several points, so both weakened > overnight. But there are still more than 3 hours to go to the > opening bell, and many companies will report earnings before > then, plus several economic reports will be released at 8:30 AM. > > The closer you get to the opening bell, the more reliable futures > become as an opening indicator. At 9:15 AM, futures trading is > halted until the markets open. > > Tom Worley > stkguru@netside.net > > ----- Original Message ----- > From: Ann Hollingworth > To: > Sent: Wednesday, April 18, 2001 11:23 PM > Subject: RE: [CANSLIM] overextended > > Can you explain the first paragraph? > > Ann > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Wednesday, April 18, 2001 11:09 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] overextended > > Since futures were reset and resumed trading after the close, Naz > futures were limit up until now. And at this point, only half a > pt off being limit up, so still indicating better than a 2% gain. > > Asia, no surprise, is trading up strongly. A surprising (at least > to me) number of major names today reported earnings that not > only beat estimates, but were ahead on a Y2Y basis. I expected > many to beat the lowered forecasts, but was not expecting to see > multi- billion dollar corps ahead Y2Y in such numbers. And, > apparently, the same was true for the analysts that do this for a > living. > > The theme of the moment is "the worst is over". I just wonder how > long it will take for the media commentators to focus either on > "what dreadful things do the Feds know that we don't" or "will > the Feds cut again at the May 15 FOMC meeting". > > This bear market ain't over till it's over. But I sure like > today, whether it's a bull rally in a continuing bear market, or > a continuation of a recovery off the bottom into a fresh bull > market. I am just not convinced that we will not retest the lows > of what is, more and more, looking like the bottom. > > Tom Worley > stkguru@netside.net > > ----- Original Message ----- > From: esetser > To: > Sent: Wednesday, April 18, 2001 10:54 PM > Subject: Re: [CANSLIM] overextended > > Yes, nothing like a surprise rate cut to push everything right > by. I did > notice quite a few stocks coming back later today, so there may > be some > opps in the morning. > > At 10:30 PM 4/18/01 -0400, you wrote: > >This is trickier than I thought. > >I blinked, and suddenly 10 of the stocks on my watch list are > overextended! > >Ann > > > > > >- > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -- Dan http://www.globexplorer.com/cfviewer/start.cfm http://www.corazon.org/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 19 Apr 2001 23:11:22 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Futures volatile This is a multi-part message in MIME format. - ------=_NextPart_000_008A_01C0C926.0D245900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sorry Norman, I promised. But hopefully you can learn to collect the = same information and not need me for this. Besides, David is correct, = it's hardly CANSLIM. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: Norman=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 19, 2001 10:59 PM Subject: Re: [CANSLIM] Futures volatile I do enjoy seeing the futures posts and how you sum up the foreign = markets. Your insight has educated me in many ways. Norman Boyd Port Lavaca (Port of the Cow), TX theboyd@tisd.net ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 19, 2001 9:30 PM Subject: Re: [CANSLIM] Futures volatile Sorry David, I won't bother you with them again. I simply recognized = that some members like myself were being sorely tempted to plunge in = right now, just anxiously waiting for the precise moment. Since I am = usually up earlier than most, and have more time to review world = markets, thought it might be helpful to have a quick summary of what I = had learned over the prior 3-4 hours. At least I originated new emails, and used subject lines that = corresponded with the content!! Wish all members would remember to do = that. It's easier then to delete without reading if you don't want them. And Walter, don't worry, I am not offended by David's view. I get = enough personal email already that I know some members find value in my = posts. David, for clarification, I am not, nor have ever been, a day = trader. I have learned a lot from day traders, but would not put myself = thru the stress. And since CANSLIM is also not a daytrading system, I = see no value in a daytrader posting numerous buys and sells where many = would not meet CANSLIM criteria, much less be of any value to those of = us that read our email early in the morning or quite late at night, but = never during the trading day. BTW, for those members trying to bottom fish some quality big caps = (remember my comment about a week ago to look for ones that bottomed = early??), or if you just want to check market trends and sentiment, then = watch NOK and MRK tomorrow. Both report before the opening, and both are = expected to beat estimates. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: David Squires=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 19, 2001 8:59 AM Subject: Re: [CANSLIM] Futures volatile Tom, =20 A few weeks ago you got quite upset with someone who was posting = his trades frequently suggesting you are not a day trader. How is your = morning blow by blow futures and earnings posts any different? I'm not = trying to be difficult but if I want to know the news and futures quotes = I can look at my screen just like you.=20 =20 DSquires ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Thursday, April 19, 2001 6:40 AM Subject: [CANSLIM] Futures volatile In the past hour or so, I have watched futures decline to where = the S&P500 was half a percent in the hole, and Naz futures were only up = half a percent. About 15 minutes or so ago, Naz had recovered to nearly = up 1%. Now I look and Naz is once again limit up (over 2%) and S&P500 up = a percent. Europe is still down, but looks to be recovering somewhat. Should be an interesting morning, Tom Worley stkguru@netside.net =20 - ------=_NextPart_000_008A_01C0C926.0D245900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Sorry Norman, I promised. But hopefully you can = learn to=20 collect the same information and not need me for this. Besides, David is = correct, it's hardly CANSLIM.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 Norman
To: canslim@lists.xmission.com =
Sent: Thursday, April 19, 2001 = 10:59=20 PM
Subject: Re: [CANSLIM] Futures=20 volatile

I do enjoy seeing the futures posts and how you sum up the = foreign=20 markets.  Your insight has educated me in many ways.
 
Norman Boyd
Port Lavaca (Port of the Cow), TX
theboyd@tisd.net
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com =
Sent: Thursday, April 19, = 2001 9:30=20 PM
Subject: Re: [CANSLIM] = Futures=20 volatile

Sorry David, I won't bother you with them again. = I simply=20 recognized that some members like myself were being sorely tempted = to plunge=20 in right now, just anxiously waiting for the precise moment. Since I = am=20 usually up earlier than most, and have more time to review world = markets,=20 thought it might be helpful to have a quick summary of what I had = learned=20 over the prior 3-4 hours.
 
At least I originated new emails, and used = subject lines=20 that corresponded with the content!! Wish all members would remember = to do=20 that. It's easier then to delete without reading if you don't want=20 them.
 
And Walter, don't worry, I am not offended by = David's=20 view. I get enough personal email already that I know some members = find=20 value in my posts.
 
David, for clarification, I am not, nor have = ever been, a=20 day trader. I have learned a lot from day traders, but would not put = myself=20 thru the stress. And since CANSLIM is also not a daytrading system, = I see no=20 value in a daytrader posting numerous buys and sells where many = would not=20 meet CANSLIM criteria, much less be of any value to those of us that = read=20 our email early in the morning or quite late at night, but never = during the=20 trading day.
 
BTW, for those members trying to bottom fish = some quality=20 big caps (remember my comment about a week ago to look for ones that = bottomed early??), or if you just want to check market trends and = sentiment,=20 then watch NOK and MRK tomorrow. Both report before the opening, and = both=20 are expected to beat estimates.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message ----- =
From:=20 David=20 Squires
To: canslim@lists.xmission.com =
Sent: Thursday, April 19, = 2001 8:59=20 AM
Subject: Re: [CANSLIM] = Futures=20 volatile

Tom,
 
A few weeks ago you got quite upset with = someone who was=20 posting his trades frequently suggesting you are not a day trader. = How is=20 your morning blow by blow futures and earnings posts any = different? I'm=20 not trying to be difficult but if I want to know the news and = futures=20 quotes I can look at my screen just like you.
 
DSquires
----- Original Message ----- =
From:=20 Tom=20 Worley
To: CANSLIM
Sent: Thursday, April 19, = 2001 6:40=20 AM
Subject: [CANSLIM] = Futures=20 volatile

In the past hour or so, I have watched = futures decline=20 to where the S&P500 was half a percent in the hole, and Naz = futures=20 were only up half a percent. About 15 minutes or so ago, Naz had = recovered to nearly up 1%. Now I look and Naz is once again = limit up=20 (over 2%) and S&P500 up a percent.
 
Europe is still down, but looks to be = recovering=20 somewhat.
 
Should be an interesting = morning,
 
Tom Worley
stkguru@netside.net
 
 
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