From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1403 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 Friday, May 25 2001 Volume 02 : Number 1403 In this issue: Re: [CANSLIM] Longer handles (was IGT) Re: [CANSLIM] Longer handles (was IGT) Re: [CANSLIM] Longer handles (was IGT) Re: [CANSLIM] Current Discussions Re: [CANSLIM] Other indicators & canslim. Too much? Re: [CANSLIM] Current Discussions Re: [CANSLIM] Longer handles (was IGT) RE: [CANSLIM] BPFH? Re: [CANSLIM] Current Discussions Re: [CANSLIM] dian, mss? Re: [CANSLIM] Longer handles (was IGT) RE: [CANSLIM] BPFH? RE: [CANSLIM] BPFH? ---------------------------------------------------------------------- Date: Fri, 25 May 2001 06:38:58 -0700 From: "Sisyphus" Subject: Re: [CANSLIM] Longer handles (was IGT) Okay, I give up...What does "DGO" refer to? - - - -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: Fri, 25 May 2001 06:46:39 -0700 From: "Perry Stanfield" Subject: Re: [CANSLIM] Longer handles (was IGT) Daily Graphs Online.......don't worry; your'e not the first to post the Q. Perry - ----- Original Message ----- From: "Sisyphus" To: Sent: Friday, May 25, 2001 6:38 AM Subject: Re: [CANSLIM] Longer handles (was IGT) > Okay, I give up...What does "DGO" refer to? > > > - > -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: Fri, 25 May 2001 06:54:53 -0700 From: "Sisyphus" Subject: Re: [CANSLIM] Longer handles (was IGT) Ah...gotcha. Thanks. Thought about trying them, but for now I'm quite= satisfied with my end-of-day data service. John *********** REPLY SEPARATOR *********** On 5/25/2001 at 6:46 AM Perry Stanfield wrote: >Daily Graphs Online.......don't worry; your'e not the first to post the Q. > >Perry > > >----- Original Message ----- >From: "Sisyphus" >To: >Sent: Friday, May 25, 2001 6:38 AM >Subject: Re: [CANSLIM] Longer handles (was IGT) > > >> Okay, I give up...What does "DGO" refer to? >> >> >> - >> -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. I - - - -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: Fri, 25 May 2001 09:22:56 -0600 From: esetser Subject: Re: [CANSLIM] Current Discussions Yes, Dave, I've noticed your name starting to pop up quite a bit again, more like the last bull. I know some of the group have done well this year, but count me in with you in the loss column. At this point, I've only sold 1 stock for a profit this year so far, with too many to count losses. I am doing better since April, but I still have many stocks that have knocked me back out, and I seem to get stopped out everytime I get fully invested. I have been running around -10% to -12% for the year so far, and have improved that a little the last few weeks, but I'm still far from even. (Of course the 3 most recent analyst actions hurt, Giving up all my gains on CHIC and getting stopped out of COCO and RYL) Fortunately, I also had a good year in 2000 with a strong first quarter and a couple of good stocks helping me offset my many losers for the rest of the year. If I could just get through a couple of weeks without an analyst downgrade, maybe I could get back close to even for 2001! At 08:20 PM 5/24/01 -0700, you wrote: >I just realized, subconsciously I believe that one of the main >reasons I've been following the discussions more lately - and >actually adding a few comments for the first time in a while - is >because I finally believe that M is favorable. > >As I pointed out earlier, I have put money in the market several >times this year - only to come out with less than I went in with. >I wiped out my year 2000 gains and then some. In each case, maybe >it was hopeful thinking. For some reason, I have noticed quite a >few more uptrends on stocks lately - and maybe I'm starting to feel >in the back of my mind that we've turned around. > >Where's Jeffry White when I need him to sap my enthusiasm. > > >===== >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >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: Fri, 25 May 2001 11:33:27 EDT From: SKutney@aol.com Subject: Re: [CANSLIM] Other indicators & canslim. Too much? - --part1_fe.6d18ed8.283fd547_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I tend to agree with you. I've been following this list for at least 2 years. IBD recently had an Investors Corner article on this issue. It's not that the MACD, RSI or other indicators don't work. They are really just a redefinition of moving averages. I used to look at them but today I never look at them. Pure technical analysis is simple and defines a point of entry. Dailygraphs doesn't offer the MACD or any of the others. I think that's a hint. If you use MACD or other method I think your going to have more problems with the 7% loss rule. Steve - --part1_fe.6d18ed8.283fd547_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I tend to agree with you. I've been following this list for at least 2 years.
IBD recently had an Investors Corner article on this issue. It's not that the
MACD, RSI or other indicators don't work. They are really just a redefinition
of moving averages. I used to look at them but today I never look at them.
Pure technical analysis is simple and defines a point of entry. Dailygraphs
doesn't offer the MACD or any of the others. I think that's a hint. If you
use MACD or other method I think your going to have more problems with the 7%
loss rule.

Steve - --part1_fe.6d18ed8.283fd547_boundary-- - - - -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: Fri, 25 May 2001 12:03:41 -0400 From: asosis@ca.ibm.com Subject: Re: [CANSLIM] Current Discussions I am in the same boat. I admit that some of my losses were encountered due to inexperience (This is my second year of investing/trading and as we know, the most of last year we were mostly out of the market - at least I was :) Downgrades did not help either. Oh, and having that builder to buy another one... Ouch. Also, as David and others pointed out, stocks are testing their pivot points much more than before, so I find it difficult to hang onto them (esp. if I do not catch them right at pivot). However, I am also of the opinion that M has turned and am contuning to buy breakouts. Though it is becoming more and more frustrating.. Thank you for sharing your thoughts - I thought I was the only one left in the negative column. Anna esetser @lists.xmission.com on 05/25/2001 11:22:56 AM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: Re: [CANSLIM] Current Discussions Yes, Dave, I've noticed your name starting to pop up quite a bit again, more like the last bull. I know some of the group have done well this year, but count me in with you in the loss column. At this point, I've only sold 1 stock for a profit this year so far, with too many to count losses. I am doing better since April, but I still have many stocks that have knocked me back out, and I seem to get stopped out everytime I get fully invested. I have been running around -10% to -12% for the year so far, and have improved that a little the last few weeks, but I'm still far from even. (Of course the 3 most recent analyst actions hurt, Giving up all my gains on CHIC and getting stopped out of COCO and RYL) Fortunately, I also had a good year in 2000 with a strong first quarter and a couple of good stocks helping me offset my many losers for the rest of the year. If I could just get through a couple of weeks without an analyst downgrade, maybe I could get back close to even for 2001! At 08:20 PM 5/24/01 -0700, you wrote: >I just realized, subconsciously I believe that one of the main >reasons I've been following the discussions more lately - and >actually adding a few comments for the first time in a while - is >because I finally believe that M is favorable. > >As I pointed out earlier, I have put money in the market several >times this year - only to come out with less than I went in with. >I wiped out my year 2000 gains and then some. In each case, maybe >it was hopeful thinking. For some reason, I have noticed quite a >few more uptrends on stocks lately - and maybe I'm starting to feel >in the back of my mind that we've turned around. > >Where's Jeffry White when I need him to sap my enthusiasm. > > >===== >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >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. - - - -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: Fri, 25 May 2001 10:21:16 -0600 From: DougC Subject: Re: [CANSLIM] Longer handles (was IGT) Dave I'm learning too. In my last e-mail I did state that I'm not a canslim purist nor a fanatic of template C&H. I gave some symbols of stocks that I've recently bought that I loosely interpreted as C&H. TRR,USPH, CNTL, IGT Yes Making money is the bottom line. At 06:26 AM 5/25/01 -0700, you wrote: >Doug, > >Sorry I couldn't dig out more recent examples. I have hard copies >of the MASX and EQNX charts - because I printed them off from DGO >once I bought - and when I sold. > >I figure the key here is to make money; not to adhere specifically to >O'Neil's definitions. You've convinced me that your interpretation >of the C&H is more in line with how O'Neil defines it than mine is. >And, to be honest, I've never really thought about it. In each of >the three examples I gave, I made money. In the case of FDO, it was >66% in 6 months. > >I'm not trying to sound harsh; I'm enjoying this interchange. I'm >learning from it. As I indicated, there are certain patterns which >have done well for me, and certain which have not. You don't >consider FDO to be a pure C&H, and maybe you wouldn't consider MASX >or EQNX to have them either. Maybe I "prefer" to consider them a >C&H - because they look similar and have worked for me. > >Regardless, in each of the examples, both my perceived cup and >perceived handle are longer than IGT's. The price action for IGT is >still holding and behaving well. Intuitively, I still think the >"consolidation period" is too short. But... if we all thought the >same way, then there wouldn't be enough variation for price >movements! > >Conversely, can you show me an example of a C&H with a short handle >that has worked well? > >Thanks, > >Dave > >--- DougC wrote: > > Thanks Dave for taking the time to go through the details on these. > > I couldnt check out MASX and EQNX. They must have been > > merged or something because when I tried to look them up on > > stockcharts.com > > they werent there. > > > > Did look at FDO. Interesting chart pattern. I see the cup for the > > month > > of August then it looks, to me anyway, like there was a fairly flat > > handle for > > the first two weeks of Sept. Then the stock tried to break out but > > hit > > resistance > > at 25. I call the price move from middle of Sept to last week of > > sept, when > > it hit > > 25, a breakout > > attempt. Not a handle. Over the next six weeks it broke down into > > the base of > > the cup that formed > > in august. That's what bases are for. I've read that some > > intermediate traders > > would have held even if the price hit the low of the cup. Others > > sell if > > the B/O > > breaks down past the high of the right side of the cup. It did make > > it > > through all > > that and took off from there in Nov for a nice run. > > > > I don't want you to think I'm spending all my time looking for the > > perfect C&H. > > I'm not I can assure you. My approach is to screen for fundies > > first. When > > I find what > > I think is a stock with excellent fundies I check out the chart. > > then I > > start looking > > at it's price/volume action, depth of any correction, etc. TRR, > > CNTL, IGT, USPH > > are stocks I recently got into based on the fundies first, then > > chart patterns. > > And I do wait for the markets. Been mostly out until middle of > > April. > > I don't really believe > > there is a template for a C&H or any other basing pattern. That's > > pretty > > obvious > > since I was willing to accept the chart patterns of the above > > stocks as being > > going enough to get in early anticipating breakouts. (Yes I bend > > the rules - > > I'm not a canslim purist) > > > > Now the big question is...how and when do I get out??? > > > > > > At 06:59 PM 5/24/01 -0700, you wrote: > > >Wow - what a discussion. > > > > > >All right, I waited until I got home to go over some previous > > buys. > > > > > >Example 1 (8 week handle): > > > MASX. The stock spiked on high volume in mid May of 1996 > > >following a run up from 11 to 38 in 2 mos. From mid May to the > > >start of September (14 weeks or so), it formed a cup -correcting > > to > > >23 at the lowest (except for a spike). The handle started in > > early > > >September and lasted for 8 weeks. Around the end of Oct was a > > >breakout to 40 on high volume. 8 weeks later, the stock was at > > 69. > > > > > >Example 2 (9 week handle): > > > EQNX. The stock ran up from 11 in Sept 1997 to 19 in Nov 97. > > It > > >formed what I considered to be a cup through about Jan 9, 1998 - > > with > > >a low of 14.50 on high volume. The handle lasted until March 8 > > or > > >so in 1998 - breaking out above 20 on high volume. It went up to > > 26 > > >in the next couple of months. This isn't exactly a classic cup in > > the > > >handle went up before drifting down. > > > > > >Example 3 (11 week handle): > > > FDO. The stock ran up from 17 in June '97 to 23.50 in late > > July > > >'97 (not much of a run-up, but...). The cup's low point was > > 19-5/8 > > >or so - the handle started in late August - ran until a spike up > > >around the end of October brought it to 25+. The stock was at 40 > > 6 > > >mos. later. > > > > > >Sorry that the examples are a little old, but as I mentioned > > earlier, > > >I haven't had any successes with these patterns in a while - and I > > >only keep records on stocks I traded. > > > > > >Dave > > > > > > > > > > > > > > >--- DougC wrote: > > > > Thanks for going into more detail. Could you give an example or > > two > > > > of a stock with a 12 week handle as you are describing it? > > > > > > > > I agree some stocks do move up too fast, don't spend adequate > > time > > > > digesting gains, have further appreciation and PE expansion, > > get > > > > extended above 50dma then become vulnerable for a steep > > selloff. > > > > Present examples might be TRR and USPH. So far IGT, even with > > its > > > > short base, doesnt seem to be getting too far ahead of itself. > > It's > > > > PE > > > > is 23 wheras the other two have PE's of 48. The > > > > action of its price over the past three days I think is very > > > > constructive. > > > > > > > > > > > > > > > > At 10:27 AM 5/24/01 -0700, you wrote: > > > > >Doug, > > > > > > > > > >Not sure. By that I mean that I read HTMMIS about 8 years > > ago. > > > > It > > > > >turns out that I have either misunderstood WON on a number of > > > > things > > > > >or had different interpretations. OTOH, I've been dead on > > with > > > > some > > > > >others. Since then, I've re-read, but more for selling > > rules, > > > > which > > > > >is where I have larger problems. > > > > > > > > > >Anyway... in this case, your definition sounds plausible. > > And, > > > > >maybe, there's something big I'm missing here. Generally, > > the > > > > >proportion of my buys that are C&H formations are pretty small > > - > > > > so > > > > >its not a big issue. I'm not sure if that's because of > > > > infrequency > > > > >of the formation, or just because I'm not defining it > > correctly. > > > > > > > > > >I guess its subjective in that to me - looking at IGT - at a > > first > > > > >look, its moved up too fast - and there hasn't been enough > > time to > > > > >digest the gains. You've got me thinking, and I could be way > > off > > > > on > > > > >this. > > > > > > > > > >To your other point, though, the longer handled formations > > tend to > > > > >work for me. Looking at some charts of stocks I've done well > > > > with, > > > > >a 12-week "handle" seems ideal. Longer than that (unlike with > > a > > > > >classic base) usually doesn't work - but then again, if the > > handle > > > > >lasts longer than 12-weeks, there's usually no breakout. It > > also > > > > >depends on how much the stock has advanced and how quickly. > > If a > > > > >stock traded between 20-30 for a year, then advanced to 40-45 > > in > > > > two > > > > >months with a C&H formation with a high of 45, and the base of > > the > > > > >cup at 35 - then I can live with a shorter handle. OTOH, if a > > > > stock > > > > >traded around 15 for a while, then advanced to 55 in 3 mos - > > then > > > > >forms that pattern - it needs more time to digest. > > > > > > > > > >On IGT - its in between. It traded below 30 for quite a > > while, > > > > then > > > > >went from 30 to 55 in 6 mos. - a good healthy growth rate. > > Then > > > > for > > > > >about 9 or 10 weeks, digested its gains, as you've pointed > > out. > > > > The > > > > >breakout to 60+ was on good volume. The bottom of the cup > > isn't > > > > at > > >=== message truncated === > > >===== >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >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: Fri, 25 May 2001 12:34:41 -0400 From: asosis@ca.ibm.com Subject: RE: [CANSLIM] BPFH? Yes, and it is breaking out now. I passed on SNV a couple of weeks ago - did not trust the group, but looking at how well it had done I think this could be a good group to pick up. Anna Dave Cameron @lists.xmission.com on 05/24/2001 10:49:18 PM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: RE: [CANSLIM] BPFH? Anna, Oh, I know I'll get in trouble here - after all, I'm having an interesting conversation with Doug since I am a little unconventional. But... here goes: 1. I don't like the shape of the cup. Instead of a cup, it seems to have two bottoms - where the second bottom was at a higher price than the first and on higher volume. 2. I assume you've put it on a watch list - since it hasn't broken out yet. Right? Dave - --- asosis@ca.ibm.com wrote: > > Seems ready to go from C&H. > Opinions? > > Anna > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ 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: Fri, 25 May 2001 09:42:48 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] Current Discussions Anna, Yes... is it good to know. Something along the lines of retaining a level of confidence. Some of my losses are due to impatience. I have been investing since 1992. I've managed to make money in flat years - and I even made money in 2000 - since the first 5 months were good enough to offset the losses in the next month or two. It wasn't until January where I really tried to get back in - and just got too impatient. I've realized that even 9 years at this isn't enough to meet enough different circumstances to handle them all. Maybe given Tom Worley's recent track record, 40 years is! Dave - --- asosis@ca.ibm.com wrote: > > I am in the same boat. > > I admit that some of my losses were encountered due to inexperience > (This > is my second year of investing/trading and as we know, the most of > last > year we were mostly out of the market - at least I was :) > Downgrades did > not help either. Oh, and having that builder to buy another > one... Ouch. > Also, as David and others pointed out, stocks are testing their > pivot > points much more than before, so I find it difficult to hang onto > them > (esp. if I do not catch them right at pivot). > > However, I am also of the opinion that M has turned and am > contuning to buy > breakouts. Though it is becoming more and more frustrating.. > Thank you for sharing your thoughts - I thought I was the only one > left in > the negative column. > > Anna > > > > esetser @lists.xmission.com on 05/25/2001 > 11:22:56 AM > > Please respond to canslim@lists.xmission.com > > Sent by: owner-canslim@lists.xmission.com > > > To: canslim@lists.xmission.com > cc: > Subject: Re: [CANSLIM] Current Discussions > > > Yes, Dave, I've noticed your name starting to pop up quite a bit > again, > more like the last bull. I know some of the group have done well > this > year, but count me in with you in the loss column. At this point, > I've > only sold 1 stock for a profit this year so far, with too many to > count > losses. I am doing better since April, but I still have many > stocks that > have knocked me back out, and I seem to get stopped out everytime I > get > fully invested. I have been running around -10% to -12% for the > year so > far, and have improved that a little the last few weeks, but I'm > still far > from even. (Of course the 3 most recent analyst actions hurt, > Giving up > all my gains on CHIC and getting stopped out of COCO and RYL) > Fortunately, > I also had a good year in 2000 with a strong first quarter and a > couple of > good stocks helping me offset my many losers for the rest of the > year. > > If I could just get through a couple of weeks without an analyst > downgrade, > maybe I could get back close to even for 2001! > > At 08:20 PM 5/24/01 -0700, you wrote: > >I just realized, subconsciously I believe that one of the main > >reasons I've been following the discussions more lately - and > >actually adding a few comments for the first time in a while - is > >because I finally believe that M is favorable. > > > >As I pointed out earlier, I have put money in the market several > >times this year - only to come out with less than I went in with. > >I wiped out my year 2000 gains and then some. In each case, > maybe > >it was hopeful thinking. For some reason, I have noticed quite a > >few more uptrends on stocks lately - and maybe I'm starting to > feel > >in the back of my mind that we've turned around. > > > >Where's Jeffry White when I need him to sap my enthusiasm. > > > > > >===== > >Dave Cameron > >dfcameron@yahoo.com > > > >__________________________________________________ > >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. > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ 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. ------------------------------ Date: Fri, 25 May 2001 12:43:36 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] dian, mss? - --part1_aa.1609080f.283fe5b8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit what your opinion on these two stocks and what does anyone think about the IBD advance workshop? jan - --part1_aa.1609080f.283fe5b8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit what your opinion on these two stocks and what does anyone think about the
IBD advance workshop? jan - --part1_aa.1609080f.283fe5b8_boundary-- - - - -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: Fri, 25 May 2001 09:46:14 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] Longer handles (was IGT) Doug, Thanks... I see it for USPH, CNTL. Not sure where you are looking for TRR. Can you help? Dave - --- DougC wrote: > Dave > > I'm learning too. > In my last e-mail I did state that I'm not a canslim purist nor a > fanatic of template C&H. I gave some symbols of stocks that > I've recently bought that I loosely interpreted as C&H. > TRR,USPH, CNTL, IGT > Yes Making money is the bottom line. > > > At 06:26 AM 5/25/01 -0700, you wrote: > >Doug, > > > >Sorry I couldn't dig out more recent examples. I have hard > copies > >of the MASX and EQNX charts - because I printed them off from DGO > >once I bought - and when I sold. > > > >I figure the key here is to make money; not to adhere specifically > to > >O'Neil's definitions. You've convinced me that your > interpretation > >of the C&H is more in line with how O'Neil defines it than mine > is. > >And, to be honest, I've never really thought about it. In each > of > >the three examples I gave, I made money. In the case of FDO, it > was > >66% in 6 months. > > > >I'm not trying to sound harsh; I'm enjoying this interchange. > I'm > >learning from it. As I indicated, there are certain patterns > which > >have done well for me, and certain which have not. You don't > >consider FDO to be a pure C&H, and maybe you wouldn't consider > MASX > >or EQNX to have them either. Maybe I "prefer" to consider them a > >C&H - because they look similar and have worked for me. > > > >Regardless, in each of the examples, both my perceived cup and > >perceived handle are longer than IGT's. The price action for IGT > is > >still holding and behaving well. Intuitively, I still think the > >"consolidation period" is too short. But... if we all thought > the > >same way, then there wouldn't be enough variation for price > >movements! > > > >Conversely, can you show me an example of a C&H with a short > handle > >that has worked well? > > > >Thanks, > > > >Dave > > > >--- DougC wrote: > > > Thanks Dave for taking the time to go through the details on > these. > > > I couldnt check out MASX and EQNX. They must have been > > > merged or something because when I tried to look them up on > > > stockcharts.com > > > they werent there. > > > > > > Did look at FDO. Interesting chart pattern. I see the cup for > the > > > month > > > of August then it looks, to me anyway, like there was a fairly > flat > > > handle for > > > the first two weeks of Sept. Then the stock tried to break out > but > > > hit > > > resistance > > > at 25. I call the price move from middle of Sept to last week > of > > > sept, when > > > it hit > > > 25, a breakout > > > attempt. Not a handle. Over the next six weeks it broke down > into > > > the base of > > > the cup that formed > > > in august. That's what bases are for. I've read that some > > > intermediate traders > > > would have held even if the price hit the low of the cup. > Others > > > sell if > > > the B/O > > > breaks down past the high of the right side of the cup. It did > make > > > it > > > through all > > > that and took off from there in Nov for a nice run. > > > > > > I don't want you to think I'm spending all my time looking for > the > > > perfect C&H. > > > I'm not I can assure you. My approach is to screen for fundies > > > first. When > > > I find what > > > I think is a stock with excellent fundies I check out the > chart. > > > then I > > > start looking > > > at it's price/volume action, depth of any correction, etc. TRR, > > > CNTL, IGT, USPH > > > are stocks I recently got into based on the fundies first, then > > > chart patterns. > > > And I do wait for the markets. Been mostly out until middle of > > > April. > > > I don't really believe > > > there is a template for a C&H or any other basing pattern. > That's > > > pretty > > > obvious > > > since I was willing to accept the chart patterns of the above > > > stocks as being > > > going enough to get in early anticipating breakouts. (Yes I > bend > > > the rules - > > > I'm not a canslim purist) > > > > > > Now the big question is...how and when do I get out??? > > > > > > > > > At 06:59 PM 5/24/01 -0700, you wrote: > > > >Wow - what a discussion. > > > > > > > >All right, I waited until I got home to go over some previous > > > buys. > > > > > > > >Example 1 (8 week handle): > > > > MASX. The stock spiked on high volume in mid May of 1996 > > > >following a run up from 11 to 38 in 2 mos. From mid May to > the > > > >start of September (14 weeks or so), it formed a cup > -correcting > > > to > > > >23 at the lowest (except for a spike). The handle started in > > > early > > > >September and lasted for 8 weeks. Around the end of Oct was > a > > > >breakout to 40 on high volume. 8 weeks later, the stock was > at > > > 69. > > > > > > > >Example 2 (9 week handle): > > > > EQNX. The stock ran up from 11 in Sept 1997 to 19 in Nov > 97. > > > It > > > >formed what I considered to be a cup through about Jan 9, 1998 > - > > > with > > > >a low of 14.50 on high volume. The handle lasted until March > 8 > > > or > > > >so in 1998 - breaking out above 20 on high volume. It went > up to > > > 26 > > > >in the next couple of months. This isn't exactly a classic cup > in > > > the > > > >handle went up before drifting down. > > > > > > > >Example 3 (11 week handle): > > > > FDO. The stock ran up from 17 in June '97 to 23.50 in > late > > > July > > > >'97 (not much of a run-up, but...). The cup's low point was > > > 19-5/8 > > > >or so - the handle started in late August - ran until a spike > up > > > >around the end of October brought it to 25+. The stock was > at 40 > > > 6 > > > >mos. later. > > > > > > > >Sorry that the examples are a little old, but as I mentioned > > > earlier, > > > >I haven't had any successes with these patterns in a while - > and I > > > >only keep records on stocks I traded. > > > > > > > >Dave > > > > > > > > > > > > > > > > > > > >--- DougC wrote: > > > > > Thanks for going into more detail. Could you give an > example or > > > two > > > > > of a stock with a 12 week handle as you are describing it? > > > > > > > > > > I agree some stocks do move up too fast, don't spend > adequate > > > time > > > > > digesting gains, have further appreciation and PE > expansion, > === message truncated === ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ 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. ------------------------------ Date: Fri, 25 May 2001 09:47:51 -0700 (PDT) From: Dave Cameron Subject: RE: [CANSLIM] BPFH? Hmmm... I don't have real-time quotes without violating company policy. The last quote I have as 21.03 - I assume there's a higher priced update? - --- asosis@ca.ibm.com wrote: > > Yes, and it is breaking out now. > I passed on SNV a couple of weeks ago - did not trust the group, > but > looking at how well it had done I think this could be a good group > to pick > up. > > Anna > > > > Dave Cameron @lists.xmission.com on 05/24/2001 > 10:49:18 PM > > Please respond to canslim@lists.xmission.com > > Sent by: owner-canslim@lists.xmission.com > > > To: canslim@lists.xmission.com > cc: > Subject: RE: [CANSLIM] BPFH? > > > Anna, > > Oh, I know I'll get in trouble here - after all, I'm having an > interesting conversation with Doug since I am a little > unconventional. > > But... here goes: > 1. I don't like the shape of the cup. Instead of a cup, it seems > to have two bottoms - where the second bottom was at a higher price > than the first and on higher volume. > > 2. I assume you've put it on a watch list - since it hasn't broken > out yet. Right? > > Dave > > --- asosis@ca.ibm.com wrote: > > > > Seems ready to go from C&H. > > Opinions? > > > > Anna > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > 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. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ 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. ------------------------------ Date: Fri, 25 May 2001 09:59:54 -0700 From: "DiFabio, Nancy" Subject: RE: [CANSLIM] BPFH? This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0E53B.BAAC5A24 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 7bit 21.05 - -----Original Message----- From: Dave Cameron [mailto:dfcameron@yahoo.com] Sent: Friday, May 25, 2001 9:48 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] BPFH? Hmmm... I don't have real-time quotes without violating company policy. The last quote I have as 21.03 - I assume there's a higher priced update? - --- asosis@ca.ibm.com wrote: > > Yes, and it is breaking out now. > I passed on SNV a couple of weeks ago - did not trust the group, > but > looking at how well it had done I think this could be a good group > to pick > up. > > Anna > > > > Dave Cameron @lists.xmission.com on 05/24/2001 > 10:49:18 PM > > Please respond to canslim@lists.xmission.com > > Sent by: owner-canslim@lists.xmission.com > > > To: canslim@lists.xmission.com > cc: > Subject: RE: [CANSLIM] BPFH? > > > Anna, > > Oh, I know I'll get in trouble here - after all, I'm having an > interesting conversation with Doug since I am a little > unconventional. > > But... here goes: > 1. I don't like the shape of the cup. Instead of a cup, it seems > to have two bottoms - where the second bottom was at a higher price > than the first and on higher volume. > > 2. I assume you've put it on a watch list - since it hasn't broken > out yet. Right? > > Dave > > --- asosis@ca.ibm.com wrote: > > > > Seems ready to go from C&H. > > Opinions? > > > > Anna > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > 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. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ 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. "WorldSecure " made the following annotations on 05/25/01 09:58:47 - ------------------------------------------------------------------------------ PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you. ============================================================================== - ------_=_NextPart_001_01C0E53B.BAAC5A24 Content-Type: text/html; charset=iso-8859-1 Content-Transfer-Encoding: 7bit RE: [CANSLIM] BPFH?

21.05

-----Original Message-----
From: Dave Cameron [mailto:dfcameron@yahoo.com]
Sent: Friday, May 25, 2001 9:48 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] BPFH?


Hmmm... I don't have real-time quotes without violating company
policy.  The last quote I have as 21.03 - I assume there's a higher
priced update?


--- asosis@ca.ibm.com wrote:
>
> Yes, and it is breaking out now.
> I passed on SNV a couple of weeks ago - did not trust the group,
> but
> looking at how well it had done I think this could be a good group
> to pick
> up.
>
> Anna
>
>
>
> Dave Cameron <dfcameron@yahoo.com>@lists.xmission.com on 05/24/2001
> 10:49:18 PM
>
> Please respond to canslim@lists.xmission.com
>
> Sent by:  owner-canslim@lists.xmission.com
>
>
> To:   canslim@lists.xmission.com
> cc:
> Subject:  RE: [CANSLIM] BPFH?
>
>
> Anna,
>
> Oh, I know I'll get in trouble here - after all, I'm having an
> interesting conversation with Doug since I am a little
> unconventional.
>
> But... here goes:
> 1.  I don't like the shape of the cup.   Instead of a cup, it seems
> to have two bottoms - where the second bottom was at a higher price
> than the first and on higher volume.
>
> 2.  I assume you've put it on a watch list - since it hasn't broken
> out yet.   Right?
>
> Dave
>
> --- asosis@ca.ibm.com wrote:
> >
> > Seems ready to go from C&H.
> > Opinions?
> >
> > Anna
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> =====
> Dave Cameron
> dfcameron@yahoo.com
>
> __________________________________________________
> 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.


=====
Dave Cameron
dfcameron@yahoo.com

__________________________________________________
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.

"WorldSecure <irell.com>" made the following
annotations on 05/25/01 09:58:47
- ------------------------------------------------------------------------------
PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you.


==============================================================================

- ------_=_NextPart_001_01C0E53B.BAAC5A24-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1403 ****************************** 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.