From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1411 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 Tuesday, May 29 2001 Volume 02 : Number 1411 In this issue: Re: [CANSLIM] Investors.com Quirk Re: [CANSLIM] dian, mss? [CANSLIM] FRX Re: [CANSLIM] FRX Re: [CANSLIM] FRX RE: [CANSLIM] new leaders Re: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] FRX Re: [CANSLIM] new leaders ---------------------------------------------------------------------- Date: Mon, 28 May 2001 20:31:23 -0600 From: esetser Subject: Re: [CANSLIM] Investors.com Quirk I'm running 5.x. It seems like I tried the new Netscape also, and it brought my computer to its knees. I'm not sure what the issue is, but I'm not interested in slowing the browsing experience down. I use mostly Netscape at home, and almost all IE at work. At 05:16 PM 5/28/01 -0700, you wrote: >Netscape users, I'm curious. Have you all upgraded to Netscape 6 or are >you hanging on to earlier versions? When I upgraded to N6 from N4.7, I >hated it. It was so slow, I uninstalled it and have gradually converted >from N4.7 to IE. > >esetser wrote: > >> You can use Netscape with investors.com. The only issue is this: when >> they do an update, you have to bring up IE to get the latest changes >> loaded. After that, Netscape will work fine until the next update. >> >> At 10:55 AM 5/27/01 -0700, you wrote: >> >If it happens to several people, the chances are that >> >nothing you do on your end will matter. >> > >> >I prefer to use Netscape. Their site insists on I.E.. >> >That is one clue that their web people have made >> >decisions that restrict them to the quirks of one >> >browser (yes I know there are more than 2 browsers in >> >the world, but the others are negligible.) >> > >> >I say this assuming there is not a mass breakout of >> >misconfigured browsers - which I doubt since other web >> >sites would also be in trouble. >> > >> >Regards >> >Kent Norman >> > >> >--- Norman wrote: >> >> It's nice to know it wasn't just me. I have the >> >> same problem now and then >> >> when I am running only 1 instance of their web page. >> >> They suggested I >> >> delete the plotwon control file and it would reload >> >> next time I requested a >> >> chart. Haven't tried it yet tho. >> >> >> >> Norm >> >> >> >> ----- Original Message ----- >> >> From: "Kent Norman" >> >> To: >> >> Sent: Saturday, May 26, 2001 6:02 PM >> >> Subject: Re: [CANSLIM] Investors.com Quirk >> >> >> >> >> >> > Bottom line -- they need a web page programmer >> >> that is >> >> > worth his/her salt. >> >> > >> >> > There are plenty of other sites that don't crash >> >> like >> >> > this. >> >> > >> >> > I have been having the same problem. >> >> > >> >> > regards >> >> > Kent Norman >> >> > >> >> > --- Jim Carr wrote: >> >> > > Forwarded in case others are having the same >> >> > > problem. Seems hard to avoid >> >> > > when they launch every application in a new >> >> window. >> >> > > >> >> > > ----- Original Message ----- >> >> > > From: custcare@investors.com >> >> > > Sent: Thursday, May 24, 2001 5:31 PM >> >> > > Subject: RE: HELP! [T20010523006X] >> >> > > >> >> > > > Dear Jim Carr, >> >> > > > >> >> > > > Thank you for your email. >> >> > > > >> >> > > > This can happen if you open more than one >> >> browser >> >> > > window to our site. It >> >> > > > can also happen on certain systems if you are >> >> > > running back & forth >> >> > > > through charts & other tools very quickly. >> >> > > > >> >> > > > If it happens again, just click the "Log Off" >> >> > > button on the top left IF >> >> > > > it is there (blue rectangle), close out all >> >> > > browsers that are open to >> >> > > > our site or our tools, and re-visit the site >> >> and >> >> > > log in again. >> >> > > > >> >> > > > Sincerely, >> >> > > > Eric >> >> > > > Investor's Business Daily >> >> > > > www.investors.com >> >> > > > >> >> > > > _____ >> >> > > > >> >> > > > I am constantly getting the following message >> >> > > while I am on the site: >> >> > > > >> >> > > > >> >> > > > Your account is currently in use. >> >> > > > >> >> > > > Your user name and password are currently >> >> logged >> >> > > into our system. >> >> > > > >> >> > > > Our system will only allow one log in session >> >> at a >> >> > > time for each unique >> >> > > > user name and password combination. If you >> >> feel >> >> > > that an unauthorized >> >> > > > individual is using your user name and >> >> password, >> >> > > and you are certain >> >> > > > that you have not shared this information, >> >> please >> >> > > contact us at >> >> > > > >> >> > > custcare@investors.com. >> >> > > > >> >> > > > >> >> > > > It typically occurs when I am viewing charts. >> >> The >> >> > > chart window will >> >> > > > close and I have to close all browser windows >> >> with >> >> > > IBD pages, reopen >> >> > > > them, relogin, and get back to where I was. >> >> It >> >> > > happens about once every >> >> > > > thirty minutes. This is getting annoying as >> >> hell. >> >> > > Can you please take >> >> > > > a look and see if you can find the source of >> >> the >> >> > > problem. >> >> > > > >> >> > > > Thanks >> >> > > >> >> > > - >> >> > > -To subscribe/unsubscribe, email >> >> > > "majordomo@xmission.com" >> >> > > -In the email body, write "subscribe canslim" or >> >> > > -"unsubscribe canslim". Do not use quotes in >> >> your >> >> > email. >> >> > >> >> > >> >> > __________________________________________________ >> >> > 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. >> > >> > >> >__________________________________________________ >> >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. > > - - - -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: 28 May 2001 18:39:48 -0700 From: "Tim Fisher" Subject: Re: [CANSLIM] dian, mss? DIAN is and has been on my list for a long time. I, too, hate the chart. I am watching it to see if there is a reason it is on my list ;) At 08:49 PM 5/25/2001 -0600, you wrote: >DIAN - I've been watching this one, but the base is too wild and loose to >get much confidence from. In fact, I would guess Tom wouldn't even call >this "consolidation" a base. I stopped looking at this one after the >chart. (Now where IS my list so I can remove it?) > >MSS - Not on my list due to D industry group. This one is just starting to >run up enough to consider the chart on the right side of the cup. It looks >to me to be just above the 50% level of the cup right now. I prefer to >wait for handles that start at the 75% level or above, so I would wait on >this one. Other than the weak group RS, the fundamentals look good. > > >At 12:43 PM 5/25/01 EDT, you wrote: > >what your opinion on these two stocks and what does anyone think about the > >IBD advance workshop? jan > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Tim Fisher Ore-ROCK-On Rockhounding Web Site Pacific Fishery Biologists Information mailto:tim@OreRockOn.com WWW http://OreRockOn.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: Tue, 29 May 2001 00:18:00 -0700 From: "Perry Stanfield" Subject: [CANSLIM] FRX Plan to buy this one tomorrow, 99 83 DAB, great chart, keep an eye on it. Perry - - - -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: Tue, 29 May 2001 04:21:46 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] FRX Perry, you obviously see that it is in a weak group, but I see more reasons than that to convince me to avoid it just now. I would be interested in your reasoning on buying it, and why you would buy it just now. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Perry Stanfield To: Sent: Tuesday, May 29, 2001 3:18 AM Subject: [CANSLIM] FRX Plan to buy this one tomorrow, 99 83 DAB, great chart, keep an eye on it. Perry - - - -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: Tue, 29 May 2001 06:22:31 -0700 From: "Perry Stanfield" Subject: Re: [CANSLIM] FRX Tom, Pride goeth before fall, and I'm thinking about using real money here, so your input would be appreciated. I see a consolidation pattern of at least 6 months on the chart, with a nice pop on a new 52 wk high, 124%. No handle, so I'm cheating a little. Number 1 stock in Medical/Ethical, Yes, it is in a weak group, but so was EPIQ, I told myself........ RS line is increasing nicely, new high. Fundies: Very high growth company, EPS increasing last 5 qtrs, Cannot see %change in EPS easily with my software. I'm guessing this is where your'e leary about this stock. Thanks Perry - - - -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: Tue, 29 May 2001 09:06:35 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] new leaders We pay a pretty hefty price to subscribe to DGO. No doubt the information provided is valuable. However ability to screen within DGO is behind the times. For example, it would be nice to select a sector and just rank or graph the stocks in that sector. Of course we can do that in Excel but once in Excel, there is no way to see the stock's graphs unless we want to type in every symbol into DGO manually. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, May 26, 2001 12:35 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] new leaders Not sure that I quite agree. Certainly these three groups right now do offer some strong growth potential, particularly medical with the aging population. Retail might be attractive as it has been battered down, but if consumers start spending again as they enjoy the windfall wealth of an improving market, the comparisons could be quite strong. Neither group attracts me, I will mostly stick to tech stocks. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Kent Norman To: Sent: Friday, May 25, 2001 10:22 PM Subject: Re: [CANSLIM] new leaders So this means you agree with "computer, medical and retail sectors." thanks Kent Norman - --- Tom Worley wrote: > Historically, from my experience, medical stocks > have not proven > to be good leadership. Biotechs have done a little > better, but > only relatively. Forget REITs, regional banks, and > similar S&Ls, > they may be opportunistic, but they are not leaders. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Kent Norman > To: > Sent: Friday, May 25, 2001 12:00 AM > Subject: Re: [CANSLIM] new leaders > > > more on the subject, Same issue. > > "Leading stocks move in packs. When you see a few > companies making bullish moves, look for related > stocks to follow. The table of 52-Week Highs & Lows > in > the print edition is sorted by sectors with the most > new highs for that very reason. > > Real estate investment trusts, regional banks and > savings and loans have clogged the top of the list > in > recent weeks. They're benefiting from the Fed's rate > cuts. But they're not typically areas where you find > big winning stocks. Look a little farther down the > list and you'll see the computer, medical and retail > sectors. They have a better track record of > generating > market leaders." > > -------- > > > --- Kent Norman wrote: > > As the group knows, I have been searching for > clues > > as > > to the new leading group. Perhaps this note from > > Friday's IBD is a hint? What do you folks think? > > > > "Thursday's Stocks: A number of medical stocks > have > > taken leading roles in the past few weeks. > Biotechs > > moved up for a second day." > > > > Thanks > > Kent Norman > > > > __________________________________________________ > > 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. > > > __________________________________________________ > 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. __________________________________________________ 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: Tue, 29 May 2001 08:22:47 -0500 From: "Ralli Katsikas" Subject: Re: [CANSLIM] Re: Analyst up/downgrades This e-mail expresses the same feelings I have about the job I left behind (hopefully for good). For that past few years I also have felt that ultimately this will be the demise of capitalism - in a world full of sensitive to these issues people or people that are pissed of when they find out about how thier money is spent. Replace the word broker(s) with mechanic(s) in the e-mails below and you got my story too. I suspected it would be this way and now I have some supporting evidence. R - ----- Original Message ----- From: "Tom Worley" To: Sent: Thursday, May 24, 2001 11:08 PM Subject: Re: [CANSLIM] Re: Analyst up/downgrades > Don't worry, Steff, I didn't take it personal, I know the effort > and ethics I put into the business. If I had to do it all over > again, I would start with a much larger firm, but the same > attitudes I held. Probably wouldn't have fared much better there > either, much like WON. Over the years, I have known and worked > with many decent and intelligent and hard working brokers. The > best of them eventually either left the business entirely, or > gravitated into asset management positions. Many of the others > were decent fellows, but fools. But even some of the fools were > still very likable persons. > > I fault the industry in its structure. So long as the incentive > is there to do a trade to generate a commission, the industry > will continue to suffer, along with the investors lacking either > the time, interest, or knowledge to learn to make their own > decisions (and thereby simply use an online brokerage system). > The future lies in asset management, with broker compensation > consisting of a basic salary, with bonuses awarded as a result of > a combo of assets under management and managed assets growth > (either from making good decisions, or from bringing in new > assets, which usually reflects the former). Only then can > broker's performance (including taking a house analyst's > recommendation and applying human intelligence to it) finally be > adequately measured and rewarded. That will finally weed out the > ones who just parrot what some house analyst told them, or are > just order takers and messengers, and develop a core of true > financial professionals. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: jsteff > To: > Sent: Thursday, May 24, 2001 9:15 AM > Subject: Re: [CANSLIM] Re: Analyst up/downgrades > > > Hi Tom, > I'm not disagreeing with anything you have said but I recently > left a > position at a small brokerage firm. I was the assistant to the > CEO so I've > seen the good and bad also. My comment was leaning towards my > experience of > uneducated brokers and not enough additional education and > support for them. > The company consisted of three divisions: discount, commission > brokerage and > investment management. > In my opinion, the commissioned brokers were not knowledgeable > enough to > recommend stocks. I can't blame the lack of education entirely > on them for > there was not enough support at the firm but also they must take > responsibility for their knowledge also. Many would not study at > night or > read WON or anyone else as a matter of fact. > The investment division was supervised by the CEO. He was the > only > investment manager there. I also saw a lack of management of > these > accounts. > I am not saying commissioned or fee based brokers or RR are all > "bad" but I > have seen the negative aspects and the uneducated. I have also > seen the > greed and total waste of money. > I am also sorry for your predicament and my remarks were not > directed > towards you in any way. I think you are one of the most > intelligent and > knowledgeable investor/educators. I feel fortunate to have found > this group > and to continue to be able to study WON with an intelligent > group of > people. > And my recommendation to any investors is "know your broker" as > the broker > is suppose to "know the customer." > Steff > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Wednesday, May 23, 2001 9:44 PM > Subject: Re: [CANSLIM] Re: Analyst up/downgrades > > > > Not to defend them, but being a good broker requires lots of > > effort and time. I considered myself a "good" broker, even if > all > > my thoughts and opinions didn't prove to be correct. I still > gave > > it my best effort, and typically worked a 12 hour day. > > > > Far too many brokers are simply sales persons. That is a result > > of the industry, not necessarily their personal ethics. So long > > as their compensation is dependent on commissions generated, > the > > problem will persist. And sales persons rarely understand the > > importance of service. > > > > When you are financially rewarded for generating a commission, > > without regard or consequence to whether it proves to be in the > > best interests of the client, you will have a major problem. > That > > is why asset managers, who take a fee based on the value of the > > acct, are succeeding. If they do a good job overall of managing > > the portfolio, then its value goes up and so does their > > percentage based fee. > > > > There will always be a large number of people who simply lack > the > > time, knowledge or experience to manage their own portfolio. > > Unfortunately, it takes the combination of both success and > time > > for a Registered Rep to attain the power to oppose the policy > and > > attitudes of his employer, and become a self determining > broker. > > > > WON talks in HTMMIS about both his personal experience as a > > broker, as well as how to find the right one for you "today" > > (over 10 years ago). I find his words still current and > accurate, > > and worth reading again if you are not doing your own trades > > online without assistance. > > > > One of the enlightening observations when I became a broker > over > > a decade ago was to discover just how few brokers were capable > of > > managing their own personal finances. Back then, most brokers > > were on the payroll as "self employed", meaning they not only > > were responsible for all the FICA and SS taxes and stuff, but > > were expected to make quarterly payments of estimated taxes to > > IRS. I never had done that before, but did not find it too > > difficult (other than financially). But I was amazed to find > that > > most brokers tended to just spend their paycheck without > thought > > to consequences, and ended up in major debt to IRS. > > > > Brokers tend to be eternally optimistic, they have to be, as > > their income depends directly on the trading activity of their > > clients. I couldn't encourage clients to trade when I didn't > feel > > it was right for them, so my activity (and resulting income) > was > > down, and why I am not a broker today. > > > > Why am I not financially independent today? Lots of reasons, > > including loss of income when my wife died, lack of capital to > > generate gains (50% growth sounds good, but when it's on a > $5,000 > > account, you don't retire on it), high expenses that took years > > to overcome, lack of discipline and knowledge, etc. > > > > Were I in a lapse of memory and intelligence to suddenly find > > myself once again handling clients, I would do things > > differently, mostly persuading clients to put most of their > funds > > into a mutual fund, with class "C" shares. That generates a > > trailing commission, much like an annuity. It means living > > without much of an income from funds invested now, but creating > a > > steady income stream for the future. And for most clients, the > > stability of funds allows them to sleep comfortably at night, > and > > only look at their portfolio every quarter or so. > > > > Ultimately, it takes money to make money, and most brokers > don't > > have the money to start with, and don't really know what to do > > with it when they have it. > > > > Tom Worley > > stkguru@netside.net > > > > > > ----- Original Message ----- > > From: jsteff > > To: > > Sent: Wednesday, May 23, 2001 8:52 PM > > Subject: Re: [CANSLIM] Re: Analyst up/downgrades > > > > > > Just a comment about "brokers". If they are so knowledgeable > and > > great at > > stock picking why are they still trying to sell the "next great > > company" to > > their clients? Shouldn't they have made their millions by now > > and retired? > > Steff > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Wednesday, May 23, 2001 8:16 PM > > Subject: Re: [CANSLIM] Re: Analyst up/downgrades > > > > > > > Naturally, this group is a bunch of independent thinkers, > > capable > > > of making a decision for themselves. I wish I could say the > > same > > > for my former colleagues holding securities licenses, or > their > > > clients. And we all try to help each other stay out of harm's > > > way. Typically we don't have an investment banking > relationship > > > to the same stocks we are analyzing, thus no bias. > > > > > > The wirehouses are a joke when it comes to their "plain > > English" > > > labels for ratings. You need a matrix to translate a "hold" > as > > > really meaning "sell that sucka, now, at any price". I did > find > > > such a matrix on the net a year or so ago, don't remember if > I > > > bookmarked it or not, but if I find it again, I'll post it. > > > > > > Tom Worley > > > stkguru@netside.net > > > > > > > > > ----- Original Message ----- > > > From: Steve F > > > To: > > > Sent: Wednesday, May 23, 2001 12:27 PM > > > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > I enjoy following the recommendations of analysts that > > > have maintained 'buy' or better on stocks as they have > > > fallen 75% to 90% from their highs and only then > > > changing the recommendations to a 'hold'. Ridiculous > > > if it were not so pitiful that many, many people > > > follow these analysts and their recommendations. Also > > > check out how many 'sell' recommendations you find. > > > Surely there are some stocks that you would want to > > > unload. > > > With every bit of sincerity, I have found that > > > recommendations or suggestions from the people in this > > > group to surpass anything I have ever received from > > > any brokerage house. > > > Steve > > > > > > --- Tim Fisher wrote: > > > > And I can give you just as many examples of stocks > > > > for which the downgrade > > > > was a non-event a few days later. How could you know > > > > which would be the > > > > case with your stock? You are not prescient, neither > > > > am I, and that is what > > > > stops are for (IMHO!) As the list has discussed, > > > > downgrades based on a > > > > stock reaching a nonsense "target price" are just > > > > plain silly. If what is > > > > "wrong" with COCO is that it broke out and reached a > > > > new high, then give me > > > > more of these "wrong" stocks, the more the merrier! > > > > > > > > On 08:36 AM 5/23/01, Dave Rubin Said: > > > > >WON is clear that sometimes you can and should get > > > > out of a stock before it > > > > >is down 7-8% from your buy point if things don't > > > > look right. > > > > > > > > > >Today's free fall at the open was a clear sign to > > > > me not to wait for 8%. > > > > >With the stock violating its pivot on high volume, > > > > something was clearly > > > > >wrong. > > > > > > > > > >RYL is an even better example. It fell on huge > > > > volume on a downgrade on > > > > >5/16. With the pivot at 50.38, RYL would not have > > > > triggered stops for those > > > > >who bought at the right time. But this downgrade > > > > was not forgotten days > > > > >later, and RYL is now back into its base and shows > > > > no signs of recovery. > > > > > > > > > >Preservation of capital ... preservation of capital > > > > ... SERENITY NOW ... > > > > >SERENITY NOW ... > > > > > > > > > > > -----Original Message----- > > > > > > From: owner-canslim@lists.xmission.com > > > > > > [mailto:owner-canslim@lists.xmission.com]On > > > > Behalf Of Tim Fisher > > > > > > Sent: Wednesday, May 23, 2001 11:27 AM > > > > > > To: canslim@lists.xmission.com > > > > > > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > > > > > > > > > > If you had an 8% stop loss and caught the pivot > > > > within 5% you would still > > > > > > be in. Was your stop at your buy point? I am not > > > > at all concerned about > > > > > > COCO, as the list has discussed (too much) > > > > yesterday, these kind of > > > > > > downgrades are usually forgotten within 2 days > > > > of the knee-jerk sell-off. > > > > > > > > > > > > On 06:47 AM 5/23/01, Rick Parsons Said: > > > > > > >COCO was downgraded this morning and I got > > > > stopped out! Darn Analysts. > > > > > > > > > > > > > >Rick > > > > > > > > > > > > > > > > > > > > >-----Original Message----- > > > > > > >From: owner-canslim@lists.xmission.com > > > > > > >[mailto:owner-canslim@lists.xmission.com]On > > > > Behalf Of Dave Cameron > > > > > > >Sent: Tuesday, May 22, 2001 10:11 PM > > > > > > >To: canslim@lists.xmission.com > > > > > > >Subject: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > > > > > > > > > > > > >Patti, > > > > > > > > > > > > > >I'm very cynical on analyst downgrades (or > > > > upgrades). As a general > > > > > > >rule, in the recent bear on the Nasdaq, > > > > analysts for major brokerage > > > > > > >houses would rate companies like CSCO as a > > > > strong buy half way down > > > > > > >its descent. At that point, they'd say it was > > > > overvalued (AFTER it > > > > > > >had already shed 30% - and they'd probably got > > > > their clients out). > > > > > > >This proclamation generally was the catalyst > > > > for another quick fall. > > > > > > > > > > > > > >On the flip side, I've been burned in bull > > > > markets this way. I once > > > > > > >bought a stock on a breakout to a new high. 2 > > > > days later, it was > > > > > > >downgraded by a Merrill Lynch analyst. The > > > > stock quickly dropped > > > > > > >15% on the announcement - leaving me with a > > > > quick 8% loss. Silly > > > > > > >me, I figured the only reason the stock went > > > > down was because of the > > > > > > >analyst downgrade. Well, I learned the hard > > > > way that once Merrill > > > > > > >Lynch talks, others follow. A week later, the > > > > stock was down 25%, > > > > > > >and I was still holding it. I had to sell > > > > then, realizing I was > > > > > > >wrong. 3 months later it got back above my buy > > > > price. I'm > > > > > > >confident that had ML not downgraded the stock, > > > > I would have had a > > > > > > >profit. > > > > > > > > > > > > > >My two cents, > > > > > > > > > > > > > >Dave > > > > > > > > > > > > > > > > > > > > >===== > > > > > > >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. > > > > > > > > > > > > Tim Fisher > > > > > > Ore-Rock-On and Pacific Fishery Biologists WWW > > > > Sites > > > > > > > > > > > > Tim@OreRockOn.com > > > > > > WWW: http://OreRockOn.com > > > > > > See naked fish and rocks! > > > > > > > > > > > > > > > > > > - > > > > > > -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. > > > > > > > > Tim Fisher > > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > > > Tim@OreRockOn.com > > > > WWW: http://OreRockOn.com > > > > See naked fish and rocks! > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email > > > > "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your > > > email. > > > > > > > > > __________________________________________________ > > > 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. > > > > > > > > - > > -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: Tue, 29 May 2001 09:59:03 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] FRX Hi Perry, I don't see the chart as a consolidation, certainly not for the past 6 months, as the price range has been too great. Right now, I see a vague c&h that started 3/1 at 67.20 and formed a short (less than 1 week) handle at 70 on 5/22. Thus, the handle is too high, and too brief. Buying it here, IMO, is buying momentum without a safety net. I see no nearby support, so could retreat easily. Keep a tight watch on it if you buy it. I also note that market cap is about 10 times sales, pretty high. EPS isn't the problem, as the 5 year growth rate is 69%, and the two most recent qtrs easily beat that at 100% and 138%. Trailing PE is very high at 59, even Projected PE is high at 47. Funds ownership is high at 34%, ROE is low at 14% (but so was EPIQ's). Cash flow is good at $1.27 vs latest earnings of $0.64. DGO does not rank it in the top 6 because of its RS 83. But it does appear to have better EPS ranking than any of the top companies in its group. I don't know if they have anything for "N". Another site I use indicates new high is 74.11, which appears to have been set on 5/25, so don't know why the RS is so low. That could improve rapidly if it maintains its momentum. Good luck, Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Perry Stanfield To: Sent: Tuesday, May 29, 2001 9:22 AM Subject: Re: [CANSLIM] FRX Tom, Pride goeth before fall, and I'm thinking about using real money here, so your input would be appreciated. I see a consolidation pattern of at least 6 months on the chart, with a nice pop on a new 52 wk high, 124%. No handle, so I'm cheating a little. Number 1 stock in Medical/Ethical, Yes, it is in a weak group, but so was EPIQ, I told myself........ RS line is increasing nicely, new high. Fundies: Very high growth company, EPS increasing last 5 qtrs, Cannot see %change in EPS easily with my software. I'm guessing this is where your'e leary about this stock. Thanks Perry - - - -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: Tue, 29 May 2001 10:06:23 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] new leaders Hi Rick, The biggest deficiency, IMO, is that while DGO gives you charts of all stocks, the reports only include those stocks in the books. I think it is Friday's index to the books that includes the industry group. You can use that list without having to go to Excel, just click on the header and it will sort the index by industry group. Then scroll down to the group you want to review, select the first stock, and minimize the list. Now you can scroll thru the list from there by hitting either the space bar or the down arrow, then hitting Enter. If you export a list to Excel (or construct a list from elsewhere) so you can do more sophisticated sorting, you can bring that list back in so that you can scroll thru it in the same way. There are instructions on the site on how to do this. You don't have to type the symbols one by one. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Rick Parsons To: Sent: Tuesday, May 29, 2001 9:06 AM Subject: RE: [CANSLIM] new leaders We pay a pretty hefty price to subscribe to DGO. No doubt the information provided is valuable. However ability to screen within DGO is behind the times. For example, it would be nice to select a sector and just rank or graph the stocks in that sector. Of course we can do that in Excel but once in Excel, there is no way to see the stock's graphs unless we want to type in every symbol into DGO manually. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, May 26, 2001 12:35 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] new leaders Not sure that I quite agree. Certainly these three groups right now do offer some strong growth potential, particularly medical with the aging population. Retail might be attractive as it has been battered down, but if consumers start spending again as they enjoy the windfall wealth of an improving market, the comparisons could be quite strong. Neither group attracts me, I will mostly stick to tech stocks. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Kent Norman To: Sent: Friday, May 25, 2001 10:22 PM Subject: Re: [CANSLIM] new leaders So this means you agree with "computer, medical and retail sectors." thanks Kent Norman - --- Tom Worley wrote: > Historically, from my experience, medical stocks > have not proven > to be good leadership. Biotechs have done a little > better, but > only relatively. Forget REITs, regional banks, and > similar S&Ls, > they may be opportunistic, but they are not leaders. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Kent Norman > To: > Sent: Friday, May 25, 2001 12:00 AM > Subject: Re: [CANSLIM] new leaders > > > more on the subject, Same issue. > > "Leading stocks move in packs. When you see a few > companies making bullish moves, look for related > stocks to follow. The table of 52-Week Highs & Lows > in > the print edition is sorted by sectors with the most > new highs for that very reason. > > Real estate investment trusts, regional banks and > savings and loans have clogged the top of the list > in > recent weeks. They're benefiting from the Fed's rate > cuts. But they're not typically areas where you find > big winning stocks. Look a little farther down the > list and you'll see the computer, medical and retail > sectors. They have a better track record of > generating > market leaders." > > -------- > > > --- Kent Norman wrote: > > As the group knows, I have been searching for > clues > > as > > to the new leading group. Perhaps this note from > > Friday's IBD is a hint? What do you folks think? > > > > "Thursday's Stocks: A number of medical stocks > have > > taken leading roles in the past few weeks. > Biotechs > > moved up for a second day." > > > > Thanks > > Kent Norman > > > > __________________________________________________ > > 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. > > > __________________________________________________ > 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. __________________________________________________ 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". 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