From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #145 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Friday, March 13 1998 Volume 02 : Number 145 In this issue: [CANSLIM] Fw: Canslim: Institutional Investors [CANSLIM] World Markets, AMEX/NASDAQ [CANSLIM] New Investment Research Re: [CANSLIM] daily scan ROW CNBKA SOSS WHIT [CANSLIM] Airline Industry [CANSLIM] Pick of the week Re: [CANSLIM] Sports Clubs - SCY Re: [CANSLIM] BBX possible breakout [CANSLIM] Re: INFS Re: [CANSLIM] SONC, ARSC Re: [CANSLIM] "DSTM" Evaluation Pls. [CANSLIM] World Markets - Friday the 13th Re: [CANSLIM] Airline Industry Re: [CANSLIM] Sports Clubs - SCY [CANSLIM] Computer Scanning and Value Line Re: [CANSLIM] Airline Industry [CANSLIM] Hope this is not too basic - Pivot Points Re: [CANSLIM]Gasoline Taxes/Airline Industry [CANSLIM] Windows on Wall Street [CANSLIM] sdii [CANSLIM] SYB Breakout Re: [CANSLIM] SDII Re: [CANSLIM] "DSTM" Evaluation Pls. [CANSLIM] INFM up 6% [CANSLIM] LGTO up almost 2 Re: [CANSLIM] LGTO up almost 2 [CANSLIM] PK Re: [CANSLIM] PK Re: [CANSLIM] PK RE: [CANSLIM] Hope this is not too basic - Pivot Points [CANSLIM] Stocks to watch: WSTF, ELXS. Re: [CANSLIM] Stocks to watch: WSTF, ELXS. RE: [CANSLIM] Stocks to watch: WSTF, ELXS. RE: [CANSLIM] Stocks to watch: WSTF, ELXS. [CANSLIM] Institutional Sponsorship [CANSLIM] LGTO Re: [CANSLIM] Institutional Sponsorship Re: [CANSLIM] Institutional Sponsorship [CANSLIM] MISI ---------------------------------------------------------------------- Date: Thu, 12 Mar 1998 20:20:46 -0500 From: "Tom Worley" Subject: [CANSLIM] Fw: Canslim: Institutional Investors Am posting this response to a private email to the entire group as I think it is of some general educational benefit, at least for those still dealing with a broker. tom w >Brokerage house upgrade/downgrade changes are not considered "insider >information" as they come from the house, not the company. There is a big >difference in this. House actions on a stock are naturally, from a business >sense, shared with the biggest clients first. I did this as a broker, and >would do so again. I also would share it with those clients that were >decisive and could make a quick decision before sharing with the ones that >"wanted to think about it" or "watch the stock and see how it responds >first". I am one person, and if I need to talk to 50 clients on the same >topic, I must allocate and prioritize my time accordingly. My most important >clients, that contribute the most to my income, must come first. I have been >in my office till 11PM or so reaching clients on breaking news that would >affect their stock the next day. The client that can shut up and listen to >30 seconds of a briefing of the high points, make a decision or just say "do >what you think's best" and hang up, will get my call long before the one >that wants to know all the details, why it happened, what the choices are, >what other options there are, why does the mkt work that way, etc. > >Any statements or opinions are strictly my own and not that of my employer. >My comments should not be interpreted as a recommendation of any kind. I am >a licensed (inactive) broker and an active investor. All investors should do >their own research prior to any investment, especially one learned about on >the Internet. Hopefully my comments will better inform and educate all >investors. >tom w >-----Original Message----- >From: >Date: Thursday, March 12, 1998 11:16 AM >Subject: Canslim: Institutional Investors > > >>Hi Tom, I saw your post on institutional investors on the Canslim mailing >>list. I have known a couple institutional investors and its amazing how >>much research, planning and computer modeling they do. HOwever, they do >>receive some information before the public. I know for a fact that they >>will receive the upgrade/downgrade information from brokers before they are >>released to the public. >> - - ------------------------------ Date: Thu, 12 Mar 1998 21:08:47 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets, AMEX/NASDAQ Wow, Japan up over 2.8% on its open, taking it smartly back over 17,000. Is this related to the 4th suicide of a bank official and the offer by the head of the Bank of Japan to resign and take responsibility? Anyone else heard news from the Far East to account for such a strong opening? It's a rare day that I get home and get news on my PC about my industry that I hadn't already heard, but tonight was surprised to hear that AMEX and NASDAQ are in talks to merge (personally it should be a takeover, with NASDAQ volume each day about 50X AMEX). Could be interesting to see what they come up with since the two systems are so radically different. Greatest strength for AMEX today is its options operations (second only to CBOE). With the new order display rules, NASDAQ is already close to the "floor specialist" concept of them hollering out bids and offers, the only difference now is that there may be a number of BDs hollering. And if your order is not at the right one you may not be executed. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Thu, 12 Mar 1998 21:35:47 -0500 From: "John Lloyd" Subject: [CANSLIM] New Investment Research S & P 500 has a new investment site. http:\\www.personalwealth.com/ - -----Original Message----- From: Tom Worley To: CANSLIM Date: Thursday, March 12, 1998 9:13 PM Subject: [CANSLIM] World Markets, AMEX/NASDAQ >Wow, Japan up over 2.8% on its open, taking it smartly back over 17,000. Is >this related to the 4th suicide of a bank official and the offer by the head >of the Bank of Japan to resign and take responsibility? Anyone else heard >news from the Far East to account for such a strong opening? > >It's a rare day that I get home and get news on my PC about my industry that >I hadn't already heard, but tonight was surprised to hear that AMEX and >NASDAQ are in talks to merge (personally it should be a takeover, with >NASDAQ volume each day about 50X AMEX). Could be interesting to see what >they come up with since the two systems are so radically different. Greatest >strength for AMEX today is its options operations (second only to CBOE). >With the new order display rules, NASDAQ is already close to the "floor >specialist" concept of them hollering out bids and offers, the only >difference now is that there may be a number of BDs hollering. And if your >order is not at the right one you may not be executed. > >Any statements or opinions are strictly my own and not that of my employer. >My comments should not be interpreted as a recommendation of any kind. I am >a licensed (inactive) broker and an active investor. All investors should do >their own research prior to any investment, especially one learned about on >the Internet. Hopefully my comments will better inform and educate all >investors. >tom w > > >- > > - - ------------------------------ Date: Thu, 12 Mar 1998 22:02:19 EST From: DCSquires Subject: Re: [CANSLIM] daily scan ROW CNBKA SOSS WHIT In a message dated 98-03-12 18:18:43 EST, you write: << These 4 stock made it through my scan of todays IBD. any comments would be appreciated >> ROW seems extended to me, although it is trending strongly, and the sales growth would cause me to move on quickly. SOSS looks great to me after it puts a handle on the cup. Also check out STAF. Wall Street loves these stocks with employment so low. WHIT is extended but the CS numbers look great to me. You could probably get in on a pullback. DSquires - - ------------------------------ Date: Thu, 12 Mar 1998 22:49:11 -0500 From: G Raman Subject: [CANSLIM] Airline Industry Is now a good time to get into airline industry stocks. They have enjoyed quite a run but still have relatively low PE's and fairly decent growth rates. Particularly , Southwest Airlines (LUV) looks appealing. Lower oil prices should also help this sector. Any comments. thanks Ravi - - ------------------------------ Date: Thu, 12 Mar 1998 22:39:57 -0600 From: Dave Cameron Subject: [CANSLIM] Pick of the week HCFP has been mentioned here a couple of times. Decent breakout today. Disclaimer: I already own it. EPS: 98 RS: 96 Dave Cameron (BTW, whutinhell happened to THQI!?!) - - ------------------------------ Date: Thu, 12 Mar 1998 22:43:43 -0600 From: Dave Cameron Subject: Re: [CANSLIM] Sports Clubs - SCY Frank V. Wolynski wrote: > > A little microcap located in Southern California. > SCY - operates sports/fitness centers. > EPS/RS 87/93. 11.3 million shares. Wow! Too thinly traded for me - but if funds get a little interest - could move fast. > Sales and earnings accelerating. > In the Leisure/Services group. > Teasing close to a breakout. Not until > $9.5 though. Currently $9.12. > No ownership data available on DG online. Didn't check anywhere else. > > Also on my watch, TCOMA, HBOC (was a breakout on Friday from a 6 week base.) Oh sure, he mentions SCY - then TCOMA. TCOMA trades more shares per day than SCY does in a month! I like TCOMA's chart and RS. Not thrilled about the EPS. Its one of the biggest holdings in my mutual fund though. Dave Cameron > > Frank Wolynski > > - - - ------------------------------ Date: Thu, 12 Mar 1998 22:45:50 -0600 From: Dave Cameron Subject: Re: [CANSLIM] BBX possible breakout Seems to be holding at 14 - but low EPS rank of 51 scares me off. > Ricardo Bekin wrote: > > up 1/2 to 14 1/4 at 9:55 AM 48,600 shares traded > > Ricardo - - ------------------------------ Date: Thu, 12 Mar 1998 22:50:12 -0600 From: Dave Cameron Subject: [CANSLIM] Re: INFS INFS has bounced back slightly. The "drop" mentioned on Tuesday looks like a minor aberration in the general trend. I believe that the volume pattern supports this. Its just in a 19-22 trading range for a while. Dave C. > >P.P.S. What do you think of INFS. It's up 8% off a descending base to 20 > >right now. I've been watching it for a few weeks. I know that the pivot > >point was 17-18 but it didn't make my scan until after that earnings report > >moved it up. > > > > - - - ------------------------------ Date: Thu, 12 Mar 1998 22:54:23 -0600 From: Dave Cameron Subject: Re: [CANSLIM] SONC, ARSC > Bud Barton wrote: > > (NASDAQ) > SONC - 84,84,A > ARSC - 99,75,A > They both look good. SONC has a bit high fund ownership for me though. ARSC has dropped a little from the initial breakout, but on very low volume. If I were buying, I'd buy on Friday. Oftentimes after a high jump, stocks need to drop a little bit on profit taking to build entropy for a bigger spring upward. Dave Cameron > Both of these are at the high end of my price range but I wanted your opinion > of the quailty of my scan. Both came from the highest increase in volume > section of IBD on tues. - - ------------------------------ Date: Thu, 12 Mar 1998 22:57:36 -0600 From: Dave Cameron Subject: Re: [CANSLIM] "DSTM" Evaluation Pls. JOHN ENGLAND wrote: > > Ok, I looked all night at the IBD and I think that DSTM might be a > canslim candidate. > Can I get a note or two on if it is or is not,and possibly an > explanation. UMmm... just my two cents. DSTM was discussed at length recently on this forum. It is a CANSLIM stock, but it does not seem very timely right now. In the last few weeks the stock price has been sliding, while the general market is up. This is not really a good sign. If you want to continue to watch it, that could be a plus, but I'd be wary of buying... > Thanx to all who can help.. > > A New Investor(Newbie) > > Dave Cameron - - - ------------------------------ Date: Fri, 13 Mar 1998 06:44:09 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets - Friday the 13th Looks like a real strong opening, and unless the PPI report this morning is adverse, a strong day. Asia finished the strongest I have seen in some time, led by Japan (up 2.93%) and Thailand (up over 3%), with almost every country finishing up. Europe is also strong, with Germany and France up over 1% and UK up 0.68%. In the Mideast, the renewed sense of calm is helping, both the Egypt and Israel mkts continue to climb, Israel up over 3% in the latest trading day. Futures are also reflecting a strong opening, S&P500 up 0.4% while NASDAQ futures are up almost a full percent, continuing the trend set last night. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Fri, 13 Mar 1998 07:53:23 -0500 (EST) From: "Surindra J. Singh" Subject: Re: [CANSLIM] Airline Industry Ravi: Your point is well taken. The graphs of the industry looks good. Any increase in the price of the oil will dramatically affect this sector. I think the oil price can not go lower than it is now. A gallon of unleaded gas in our area from top notch companies is around US$ 0.91, which includes I guess 50% taxes. By the way, I (now) think PE is the last thing to look for when you buy a stock-see the internet sector. Tom once explained me why COX continue to climb despite such rediculous PE. Regards and have a wonderful day. Surindra On Thu, 12 Mar 1998, G Raman wrote: > Is now a good time to get into airline industry stocks. They have > enjoyed quite a run but still have relatively low PE's and fairly decent > growth rates. Particularly , Southwest Airlines (LUV) looks appealing. > Lower oil prices should also help this sector. Any comments. > > thanks > > Ravi > > > - > > - - ------------------------------ Date: Fri, 13 Mar 1998 08:05:38 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Sports Clubs - SCY At 22:43 3/12/98 -0600, Dave Cameron wrote: (...see below....) I believe the cables are moving because of projections for cable modem sales. In the test markets, it has been very well received! ATHM (@Home) is running on the same expectations of earnings. As far as I know ATHM has the market for the set top browsers. Boy, am I way off the CANSLIM filters or what!!? I'm not normally this unfocused! I apologize and enough rambling. Back to Leisure/Services: FGCI (Family Golf Centers) looks good from a canslim basis and is basing nicely. However "El Nino" has clubbed at least one of these outdoor Golf center stocks due to wet surfacing causing a lull in players. Thus, I arrive at SCY. Indoor sports! Bally's total Fitness is also doing quite well and has a nice chart. Haven't checked them out fundamentally however. With other groups that have had this sort of strength I've seen the Institution boys come along in a panic and buy everything in the group, hoping to jump on. IF it breaks, I agree it is very thin, it will break strong. Looks like little downside risk. I like the odds. Frank Wolynski ( I am often wrong, plan accordingly!) >Frank V. Wolynski wrote: >> >> A little microcap located in Southern California. >> SCY - operates sports/fitness centers. >> EPS/RS 87/93. 11.3 million shares. > >Wow! Too thinly traded for me - but if funds get a little interest - >could move fast. > >> Sales and earnings accelerating. >> In the Leisure/Services group. >> Teasing close to a breakout. Not until > $9.5 though. Currently $9.12. >> No ownership data available on DG online. Didn't check anywhere else. >> >> Also on my watch, TCOMA, HBOC (was a breakout on Friday from a 6 week base.) > >Oh sure, he mentions SCY - then TCOMA. TCOMA trades more shares per >day than SCY does in a month! I like TCOMA's chart and RS. Not >thrilled about the EPS. Its one of the biggest holdings in my mutual >fund though. > >Dave Cameron > >> >> Frank Wolynski >> >> - > >- > > - - ------------------------------ Date: Fri, 13 Mar 1998 08:40:46 -0500 From: "Bud Barton" Subject: [CANSLIM] Computer Scanning and Value Line This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01BD4E5B.B7A24F20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I am not a follower of value line but I downloaded thier windows = selection program last and WOW!!! This beats Daily Graphs capabilities = by 200%. Check it out and those of us using Daily graphs should make = sure we let them know we are comparing DG to Valueline at least as far = as program capabilities. Again I know nothing about the pros or cons of = the Valueline Data only that their program is incredibily flexible. http://www.valueline.com/elect2.html - ------=_NextPart_000_0008_01BD4E5B.B7A24F20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I am not a follower of value line = but I=20 downloaded thier windows selection program last and WOW!!! This beats = Daily=20 Graphs capabilities by 200%.  Check it out and those of us using = Daily=20 graphs should make sure we let them know we are comparing DG to = Valueline at=20 least as far as program capabilities.  Again I know nothing about = the pros=20 or cons of the Valueline Data only that their program is incredibily=20 flexible.
 
http://www.valueline.com/el= ect2.html
- ------=_NextPart_000_0008_01BD4E5B.B7A24F20-- - - ------------------------------ Date: Fri, 13 Mar 98 07:56:27 -0500 From: "Robert Gammon" Subject: Re: [CANSLIM] Airline Industry On Fri, 13 Mar 1998 07:53:23 -0500 (EST), Surindra J. Singh wrote: >Ravi: > >Your point is well taken. The graphs of the industry looks good. Any >increase in the price of the oil will dramatically affect this sector. I >think the oil price can not go lower than it is now. A gallon of unleaded >gas in our area from top notch companies is around US$ 0.91, which >includes I guess 50% taxes. Surindra needs to look closer at the posted tax sticker on the pump. Its been many years since I shopped for gas in Virginia, so things may have changed. At the retail level, gasoline taxes charged directly to the consumer are not as high as 50%. A typical number seems to be in the 10 to 15 cents range per gallon. At 15 cents, this is about 16.5% of the total price at the pump. *----------------------------------------------------* Robert Gammon My opinions are my own. rgammon@micro.ti.com In no way am I representing 281-274-3299 voice the views of my employer. 281-274-2279 fax *----------------------------------------------------* - - ------------------------------ Date: Fri, 13 Mar 1998 09:01:42 -0500 From: "Bud Barton" Subject: [CANSLIM] Hope this is not too basic - Pivot Points This is a multi-part message in MIME format. - ------=_NextPart_000_0024_01BD4E5E.A4000900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable OK, I have some technical experience I have used SuperCharts & = Omnitrader extensively about a year ago, I have read O'neil, = Elder,Maturi,Zweig etc...but some where I missed the definition of pivot = point. At first I thought support =3D pivot point but obviously not = since resistence turns to support once exceeded and tested and I have = seen several CS selection that were within 10% of support but was told = they were too extended from pivot point. Any help in this area would be = appreciated. My personal opinion is that this could be the weak point = in my buying activity and I will be disappointed if pivot point = selection is subjective since canslim is not subjective. Also if some = of the veterans would be so gracious as to list the pivot point of their = watch list that would be a tremendous help. - ------=_NextPart_000_0024_01BD4E5E.A4000900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
OK, I have some technical experience = I have used=20 SuperCharts & Omnitrader extensively about a year ago, I have read = O'neil,=20 Elder,Maturi,Zweig etc...but some where I missed the definition of pivot = point.  At first I thought support =3D pivot point but obviously = not since=20 resistence turns to support once exceeded and tested and I have seen = several CS=20 selection that were within 10% of support but was told they were too = extended=20 from pivot point.  Any help in this area would be = appreciated.  My=20 personal opinion is that this could be the weak point in my buying = activity and=20 I will be disappointed if pivot point selection is subjective since = canslim is=20 not subjective.  Also if some of the veterans would be so gracious = as to=20 list the pivot point of their watch list that would be a tremendous=20 help.
- ------=_NextPart_000_0024_01BD4E5E.A4000900-- - - ------------------------------ Date: Fri, 13 Mar 1998 10:11:23 -0500 (EST) From: "Surindra J. Singh" Subject: Re: [CANSLIM]Gasoline Taxes/Airline Industry I just called a friend of mine who owns a gas station to find the details. The taxes are on wholesale delivery as follows: Fed Taxes: 18.4% State Taxws: 17.7% Surindra On Fri, 13 Mar 1998, Robert Gammon wrote: > On Fri, 13 Mar 1998 07:53:23 -0500 (EST), Surindra J. Singh wrote: > >Ravi: > > > >Your point is well taken. The graphs of the industry looks good. Any > >increase in the price of the oil will dramatically affect this sector. I > >think the oil price can not go lower than it is now. A gallon of unleaded > >gas in our area from top notch companies is around US$ 0.91, which > >includes I guess 50% taxes. > > Surindra needs to look closer at the posted tax sticker on the pump. > Its been many years since I shopped for gas in Virginia, so things > may have changed. At the retail level, gasoline taxes charged > directly to the consumer are not as high as 50%. A typical number > seems to be in the 10 to 15 cents range per gallon. At 15 cents, > this is about 16.5% of the total price at the pump. > > > > *----------------------------------------------------* > Robert Gammon My opinions are my own. > rgammon@micro.ti.com In no way am I representing > 281-274-3299 voice the views of my employer. > 281-274-2279 fax > *----------------------------------------------------* > > > > - > > - - ------------------------------ Date: Fri, 13 Mar 1998 09:53:49 -0600 From: JOHN ENGLAND Subject: [CANSLIM] Windows on Wall Street Can anyone inform me how to use Windows on Wall Street to scan for canslim characteristics. Any help on this would be greatly appreciated. Thanx in advance newbie :) - - ------------------------------ Date: Fri, 13 Mar 1998 07:50:00 -0800 From: "Patrick Wahl" Subject: [CANSLIM] sdii Here is one I found at Bigcharts - Special Devices (SDII), makes "Pyrotechnic (?) Devices" used in airbags. EPS 97, RS 86, nice long base, PE is 19, below past and expected future growth rate, 7.7 million shares. Is right at the top of the base, has the look of a stock ready to breakout. Year End is October - - ------------------------------ Date: Fri, 13 Mar 1998 07:52:18 -0800 From: Tim Fisher Subject: [CANSLIM] SYB Breakout SYB broke out yesterday on good volume. LLUR stock courtesy of Mike Artobello's scan. I'm in this morning. Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Fri, 13 Mar 1998 07:58:05 -0800 From: Tim Fisher Subject: Re: [CANSLIM] SDII At 07:50 AM 3/13/98 -0800, you wrote: >Here is one I found at Bigcharts - Special Devices (SDII), makes >"Pyrotechnic (?) Devices" used in airbags. EPS 97, RS 86, nice long >base, PE is 19, below past and expected future growth rate, 7.7 >million shares. Is right at the top of the base, has the look of a >stock ready to breakout. Year End is October > I have been watching them and ABAG. Of the two, SDII looks more promising. Passes my CASLI scan, but then again I do not scan for sequential earnings growth. They make the explosive cartridges that inflae the airbags; ABAG makes the bags and deployment systems, as I recall. Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Fri, 13 Mar 1998 08:14:49 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] "DSTM" Evaluation Pls. > Date: Thu, 12 Mar 1998 07:50:44 -0600 > From: JOHN ENGLAND > Ok, I looked all night at the IBD and I think that DSTM might be a > canslim candidate. > Can I get a note or two on if it is or is not,and possibly an > explanation. > Thanx to all who can help.. It is a CANSLIM candidate, high EPS and RS numbers, seemed to breakout of a base at the end of Jan., either a failed breakout or I misread the chart. Anyway, remains one to watch. Only question I have is why earnings forecast are so low compared with the past 12 months growth - sales up over 100%, but earnings forecast are for growth of 21%. Keep an eye on it, if it continues to crank out earnings as it has in the past, bound to move higher eventually. - - ------------------------------ Date: Fri, 13 Mar 1998 12:52:23 -0500 From: "Bud Barton" Subject: [CANSLIM] INFM up 6% This is a multi-part message in MIME format. - ------=_NextPart_000_000D_01BD4E7E.DE242B00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom were you in this one I see it is on your watch list. - ------=_NextPart_000_000D_01BD4E7E.DE242B00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom were you in this one I see it is = on your=20 watch list.
- ------=_NextPart_000_000D_01BD4E7E.DE242B00-- - - ------------------------------ Date: Fri, 13 Mar 1998 12:50:27 -0500 From: "Bud Barton" Subject: [CANSLIM] LGTO up almost 2 This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01BD4E7E.98FFF900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tim did you get in or were you already in? I know this is on the last = watch list you posted. - ------=_NextPart_000_0006_01BD4E7E.98FFF900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tim did you get in or were you = already in? =20 I know this is on the last watch list you = posted.
- ------=_NextPart_000_0006_01BD4E7E.98FFF900-- - - ------------------------------ Date: Fri, 13 Mar 1998 10:04:00 -0800 From: Tim Fisher Subject: Re: [CANSLIM] LGTO up almost 2 At 12:50 PM 3/13/98 -0500, you wrote: > I know this is on the last watch list you posted. Nope, went in on SYB instead. All in now, and INFS is getting squeezed. Big-time. Just my luck. Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Fri, 13 Mar 1998 10:03:24 -0800 From: Kom Tukovinit Subject: [CANSLIM] PK Hi, PK is breaking out. Any opinion? Thanks. kom - - ------------------------------ Date: Fri, 13 Mar 1998 19:27:19 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] PK It is breaking out allright. >Hi, > >PK is breaking out. Any opinion? - - ------------------------------ Date: Fri, 13 Mar 1998 10:33:22 -0800 From: Kom Tukovinit Subject: Re: [CANSLIM] PK OK. Here's the stats: EPS: 94, RS: 93, GRS: 56, RS number 1 in the group last 4 qtr earnings: +55%, +43%, +46%, +47% plus 5 year growth of 29%. PE is 56. U/D vol is 0.9 Funds: 8%, Banks: 6%, Mgmt: 44% kom Johan Van Houtven wrote: > It is breaking out allright. > > >Hi, > > > >PK is breaking out. Any opinion? > > - - - ------------------------------ Date: Fri, 13 Mar 1998 11:19:04 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Hope this is not too basic - Pivot Points The pivot point is the point where resistance that turns to support when it's crossed. But, WON recommends choosing stocks that have been basing at least 7 weeks (except 5 week flat base), otherwise they don't provide enough support. Perhaps your bases weren't long enough. Mike On Friday, March 13, 1998 6:02 AM, Bud Barton [SMTP:abbarton@ols.net] wrote: > OK, I have some technical experience I have used SuperCharts & Omnitrader extensively about a year ago, I have read O'neil, Elder,Maturi,Zweig etc...but some where I missed the definition of pivot point. At first I thought support = pivot point but obviously not since resistence turns to support once exceeded and tested and I have seen several CS selection that were within 10% of support but was told they were too extended from pivot point. Any help in this area would be appreciated. My personal opinion is that this could be the weak point in my buying activity and I will be disappointed if pivot point selection is subjective since canslim is not subjective. Also if some of the veterans would be so gracious as to list the pivot point of their watch list that would be a tremendous help. > << File: ATT00001.htm >> - - ------------------------------ Date: Fri, 13 Mar 98 11:23:00 PST From: Chih Yu Chao Subject: [CANSLIM] Stocks to watch: WSTF, ELXS. Good day, guys, I found WSTF and ELXS on the past weekend, and followed. Seems worth to watch them. Anyone? ChihYu - - ------------------------------ Date: Fri, 13 Mar 1998 20:40:50 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Stocks to watch: WSTF, ELXS. Hi ChihYu, Both are extremely extended, i.e. to far from a base to be buyable from a CANSLIM viewpoint. The numbers are OK. At 11:23 AM 13-03-98 PST, you wrote: > Good day, guys, > > I found WSTF and ELXS on the past weekend, and followed. > Seems worth to watch them. Anyone? > > ChihYu - - ------------------------------ Date: Fri, 13 Mar 1998 11:41:18 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Stocks to watch: WSTF, ELXS. WSTF pivot at 17, now 25. 47% above pivot. ELXS pivot around 13.50, broke out Monday, now almost 16.75. 24% extended. Mike On Friday, March 13, 1998 11:23 AM, Chih Yu Chao [SMTP:Chih_Yu_Chao@ccm.jf.intel.com] wrote: > Good day, guys, > > I found WSTF and ELXS on the past weekend, and followed. > Seems worth to watch them. Anyone? > > ChihYu > > - > > > - - ------------------------------ Date: Fri, 13 Mar 1998 11:54:23 -0800 From: Brian Nash Subject: RE: [CANSLIM] Stocks to watch: WSTF, ELXS. WSTF is really extended. If you like this group, you may want to look at AHLS, or SOSS (looks like it's running today). > -----Original Message----- > From: Chih Yu Chao [SMTP:Chih_Yu_Chao@ccm.jf.intel.com] > Sent: Friday, March 13, 1998 2:23 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Stocks to watch: WSTF, ELXS. > > Good day, guys, > > I found WSTF and ELXS on the past weekend, and followed. > Seems worth to watch them. Anyone? > > ChihYu > > - - - ------------------------------ Date: Fri, 13 Mar 1998 16:15:30 -0500 From: "Bud Barton" Subject: [CANSLIM] Institutional Sponsorship This is a multi-part message in MIME format. - ------=_NextPart_000_0019_01BD4E9B.3DF362A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I am reading How to Make Money in Stocks for 7th time and it still is = not there. How much is too much Institutional Sponsorship? I am = currently using 30% as the max for my scanning but I am having to = eliminate quite a few candidates that meet all other criteria except = maybe they have 40-45% Funds ownership. CPWR is the 1st that comes to = mind. What are the rest of you using for a maximum and minimum on fund = ownership? - ------=_NextPart_000_0019_01BD4E9B.3DF362A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I am reading How to Make Money in = Stocks for 7th=20 time and it still is not there.  How much is too much Institutional = Sponsorship?  I am currently using 30% as the max for my scanning = but I am=20 having to eliminate quite a few candidates that meet all other criteria = except=20 maybe they have 40-45% Funds ownership.  CPWR is the 1st that comes = to=20 mind.  What are the rest of you using for a maximum and minimum on = fund=20 ownership?
- ------=_NextPart_000_0019_01BD4E9B.3DF362A0-- - - ------------------------------ Date: Fri, 13 Mar 1998 15:24:34 -0600 From: "Joe Scott" Subject: [CANSLIM] LGTO This is a multi-part message in MIME format. - ------=_NextPart_000_0078_01BD4E94.20766BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, Anyone know what drove LGTO ahead 6 today, I couldn't find any news on = it. Bought it at 52, I didn't think that was to extended from base at = that point, base looked to me to be about 49. Don't think ORCL's = earnings did it, do you? Thought I saw someone mention INFM breaking out today, but there was not = much volume with it. Wish LGTO, didn't have quite so much instituition, but floats still 8.5 = mil. Again, don't claim to know a thing here, thats why I watch, listen, = read, and try to learn everything I can. This group is great. joe - ------=_NextPart_000_0078_01BD4E94.20766BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members,
Anyone know what drove LGTO ahead 6 today,  I couldn't find = any news=20 on it. Bought it at 52, I didn't think that was to extended from base at = that=20 point, base looked to me to be about 49.  Don't think ORCL's = earnings did=20 it, do you?
Thought I saw someone mention INFM breaking out today, but there = was not=20 much volume with it.
Wish LGTO, didn't have quite so much instituition, but floats still = 8.5=20 mil.
 
Again, don't claim to know a thing here, thats why I watch, listen, = read,=20 and try to learn everything I can.
This group is great.
 
joe
 
 
- ------=_NextPart_000_0078_01BD4E94.20766BC0-- - - ------------------------------ Date: Fri, 13 Mar 1998 15:27:38 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] Institutional Sponsorship This is a multi-part message in MIME format. - ------=_NextPart_000_0087_01BD4E94.8E768420 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Bud I believe I have read that up to 20% is acceptable. I don't know if I'm right with this, but I'll stretch that if the = company has a big enough float. joe - ------=_NextPart_000_0087_01BD4E94.8E768420 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Bud
I believe I have read that up to 20% is=20 acceptable.
I don't know if I'm right with this, but I'll = stretch=20 that if the company has a big enough float.
 
joe
- ------=_NextPart_000_0087_01BD4E94.8E768420-- - - ------------------------------ Date: Fri, 13 Mar 1998 13:33:05 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Institutional Sponsorship At 04:15 PM 3/13/98 -0500, you wrote: > What are the rest of you using for a maximum and minimum on fund >ownership? 40-60% management + institutions. P.S. INFS - what do you think? I haven't put a stop on it yet and it tanked on no news whatsoever today. Most likely the Little Fish will hear the news tonight or tomorrow. Someone on Yahoo said the put buyers were jumping on it. It did -20% on 5X ADV. Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Fri, 13 Mar 1998 15:43:35 -0600 From: "Joe Scott" Subject: [CANSLIM] MISI This is a multi-part message in MIME format. - ------=_NextPart_000_00A7_01BD4E96.C8CBC3E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, Spoke about MISI with the group a few days ago, I bought on the 9th @ = 35.5. =20 Since then it has moved up a bit but volume has fallen off big time. = Any thoughts on that from anyone. =20 Scares me because such a small buy or sell moves it so much. Today's = volume was terrible. Reason I ask is because I truly, don't claim to know a thing, that's why I watch, listen, read, and try = to learn everything I can. This group is great. joe - ------=_NextPart_000_00A7_01BD4E96.C8CBC3E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members,
Spoke about MISI with the group a few days = ago, I=20 bought on the 9th @ 35.5. 
Since then it has moved up a bit but volume = has fallen=20 off big time.  Any thoughts on that from anyone.  =
Scares me because such a small buy or sell = moves it so=20 much. Today's volume was terrible.
 
Reason I ask is because I truly,
don't claim to know a thing, that's = why I watch,=20 listen, read, and try to learn everything I can.
This group is great.
 
joe
 
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