From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #181 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 Thursday, April 9 1998 Volume 02 : Number 181 In this issue: Re: [CANSLIM] hard stops (was BUNZ atten Tom) Re: [CANSLIM] Re. Tom's Questions [CANSLIM] Intro: Ted Snyder RE: [CANSLIM] PGEX [CANSLIM] beta offer... Re: [CANSLIM] PGEX Re: [CANSLIM] Intro: Ted Snyder Re: [CANSLIM] Intro: Ted Snyder [CANSLIM] World Markets Re: [CANSLIM] PGEX Re: [CANSLIM] Content-Type: text/plain Re: [CANSLIM] Intro: Ted Snyder Re: [CANSLIM] Intro: Ted Snyder Re: [CANSLIM] CRII [CANSLIM] CASLI Scan Results Re: [CANSLIM] CASLI Scan Results Re: [CANSLIM] BUNZ atten Tom RE: [CANSLIM] PGEX [CANSLIM] HDWY [CANSLIM] M Re: [CANSLIM] M RE: [CANSLIM] CASLI Scan Results RE: [CANSLIM] CASLI Scan Results [CANSLIM] Re: THRX Re: [CANSLIM] HDWY Re: [CANSLIM] M Re: [CANSLIM] HDWY Re: [CANSLIM] HDWY Re: [CANSLIM] Re. Tom's Questions ---------------------------------------------------------------------- Date: Tue, 7 Apr 1998 23:56:50 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] hard stops (was BUNZ atten Tom) A stop is a discipline tool, whether hard or mental. The difference lies in whether you can monitor a stock throughout the trading day. While working in the industry, I could monitor my stocks to some degree, so used mental stops. Right now, as unemployed but with unlimited live quotes at home, I can still do that, or else call in for quotes. If I get a job without access to quotes during the day, I expect to start using more hard stops. Tom W - -----Original Message----- From: Mike Lucero To: 'canslim@lists.xmission.com' Date: Tuesday, April 07, 1998 7:53 PM Subject: RE: [CANSLIM] hard stops (was BUNZ atten Tom) >Do you think that hard stops are the cause of these free falls? You can >almost predict that a stock will free fall if it breaks a nearby low, >trendline, or moving average. Does that mean one should have his stop in >there, too? Because I don't like that game, I (probably foolishly) haven't >been using hard stops for a while, and instead manually decide if I should >sell at the end of the day. The benefit of this is not getting stopped out >on bear raids, but at the cost of additional loss if the stock doesn't >recover. > >Mike > >On Tuesday, April 07, 1998 5:14 AM, Tom Worley [SMTP:stkguru@netside.net] >wrote: >> Looking at the DG chart, tho, it appears this gapped down slightly on >> Monday, then went into a free fall. This may have been a good example >> of the value of hard stop loss orders. > >- > - - ------------------------------ Date: Wed, 8 Apr 1998 00:14:45 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re. Tom's Questions Thanks Jan, I am already using bigcharts, altho haven't fully explored it yet. Will check out the other sites as well as soon as I can. Tom W - -----Original Message----- From: JANSI1AUG1 To: CANSLIM@xmission.com Date: Tuesday, April 07, 1998 6:09 PM Subject: [CANSLIM] Re. Tom's Questions >Tom, > > It's nice to be able to (hopefully) help you out after all the questions >I've asked of you. I use AOL, and they just refurbished the market-digest >site. They say now that it's better, but some info (like number of hi's and >lo's) has been discontinued. (It's the typical 90's definition of progress: >Anything that's new is better-even if it's worse). > > Anyway here is what I have for the types of scans that you asked for on >individual stocks. I've thrown in a couple others because I believe they'd >come in handy and be useful. > >http://www.bigcharts.com/ie/3.x/ >http://scan.iqc.com/pcquote/default.exe >http://www.rapidresearch.com/advanced.asp > > jans > >- > - - ------------------------------ Date: Wed, 8 Apr 1998 00:19:01 -0400 From: "T. Snyder" Subject: [CANSLIM] Intro: Ted Snyder Hi list, Just joined and thought I'd introduce myself (and a couple of my thoughts on CANSLIM investing). I'm a retired reporter with no formal investment training. I just got into the market about two years ago. I am a confirmed bull, and tend to hold positions somewhat riskier-than-average. A friend turned me on to William O'Neil's book shortly after I started trading, and I've been experimenting with investing in equities that conform strictly to the CANSLIM philosophy -- as well as some equities that don't. I'm in the process of developing my own strategic investment philosophy (how's that for hubris from a beginner?), based on elements of O'Neil's strategy, combined with elements of "Buffetology" and some of the basic financial concepts in Andrew Carnegie's writings. I do all my trading online. So far, I haven't had a real "dog," but I'd like to share my thoughts on two specific equities. I welcome public or private feedback! First, Microsoft Corporation (Nasdaq: MSFT). The majority of my holdings are MSFT shares, which I bought before I read "How To Make Money In Stocks." Although MSFT violates the S rule (there are bazillions of outstanding shares), and my buy violated the N rule (I bought it at 76 3/8, after a two-week price decline), MSFT has been a hands-down winner for me. My earnings on those shares average 49 percent annually. Second, Cell Robotics International, Inc. (OTC: CRII). I bought this after learning about CANSLIM. Although CRII has some C and A problems, it's potential strength with the other factors seemed so great that I bought it anyway. CRII has lost money every quarter since the IPO several years ago, *but* they were pouring money from institutional sponsors into R&D for new laser technologies that could reach completely-untapped markets. I bought it at its then-new high of 3 1/4; it closed recently at 2 5/16. It may turn out to be a good gamble; the FDA has approved the company's "Lasette" (TM) device for painless drawing of capillary blood. Millions of diabetics must do this daily to check blood-sugar levels, but previously they had to use a painful, sharp lancet. CRII also has a recent agreement with one of Japan's largest health-care groups to market the device in Japan. The company also makes in-vitro workstations using laser technology, and a skin-resurfacing laser. If the Lasette takes off, the earnings potential is huge. If not -- well, it'll be my first "dog." Looking forward to learning from the list, Ted - - ------------------------------ Date: Tue, 7 Apr 1998 21:44:40 -0700 From: Mike Lucero Subject: RE: [CANSLIM] PGEX It looks to be at about 54, doesn't it? I had three stocks today come down and close just at their pivots. I'm amazed at how rarely CANSLIM breakouts fail (in a good market like we've had). It's certainly a huge change from December. Mike On Tuesday, April 07, 1998 6:00 PM, Kom Tukovinit [SMTP:tikmok@global.california.com] wrote: > Hi Mike, > > What do you view as the support level for PGEX? > > Thanks. > > kom > > Mike Lucero wrote: > > > I held because it long-term support seemed to be holding. > > > > Mike > > > > On Tuesday, April 07, 1998 1:58 PM, Deepak Kapur [SMTP:kapur@cs.albany.edu] wrote: > > > What is happening to PGEX? It went down big today. It has been > > > quite volatile over the last 2-3 days. Is it time to bail out? > > > > > > Thanks, > > > > > > Deepak > > > > > > - > > > > > > > - > > > > > - > > - - ------------------------------ Date: Tue, 07 Apr 1998 22:49:01 -0700 From: "Joe J." Subject: [CANSLIM] beta offer... I received the same offer and filled out the questionnaire. I'm supposed to hear back within the week on what the site is and how to access it. I'll keep the group posted if it is anything worthwhile. Joe J. Date: Tue, 07 Apr 1998 21:17:51 -0500 From: Dave Cameron Subject: Re: [CANSLIM] Clearstation Tim, I haven't seen anyone else respond to this - but I received the offer as well. Dave Cameron Tim Fisher wrote: > > Anyone else get an email about this supposedly free "beta" product? Is it > for real? Did they get our names from the membership of this list? I hate > junk email with a passion and although this looks like a good thing on the > surface I am naturally extremely suspect of spam mail. > - - ------------------------------ Date: Wed, 08 Apr 1998 00:16:42 -0400 From: Kom Tukovinit Subject: Re: [CANSLIM] PGEX OK. It looks like about 55 (end of jan) - 55 1/2 (end of dec) to me, but that is only one point difference. I suppose we will find out tomorrow if it goes through 54. Thanks for enlightening me. kom Mike Lucero wrote: > It looks to be at about 54, doesn't it? > > I had three stocks today come down and close just at their pivots. I'm > amazed at how rarely CANSLIM breakouts fail (in a good market like we've > had). It's certainly a huge change from December. > > Mike > - - ------------------------------ Date: Wed, 8 Apr 1998 06:58:34 -0400 From: "Nelson E. Timken, Esq." Subject: Re: [CANSLIM] Intro: Ted Snyder Welcome Ted. My experience with MSFT is that it breaks all the rules. It's the only stock with a perpetually high PE that I would consider buying. Nelson E. Timken, Esq. Queens, New York - ---------------------------------------------------------------------------- - ------------- Personal Home Page: http://www.geocities.com/wallstreet/5791 - -----Original Message----- From: T. Snyder To: canslim@xmission.com Date: Wednesday, April 08, 1998 12:30 AM Subject: [CANSLIM] Intro: Ted Snyder >Hi list, > >Just joined and thought I'd introduce myself (and a couple of my thoughts on >CANSLIM investing). I'm a retired reporter with no formal investment >training. I just got into the market about two years ago. I am a confirmed >bull, and tend to hold positions somewhat riskier-than-average. A friend >turned me on to William O'Neil's book shortly after I started trading, and >I've been experimenting with investing in equities that conform strictly to >the CANSLIM philosophy -- as well as some equities that don't. > >I'm in the process of developing my own strategic investment philosophy >(how's that for hubris from a beginner?), based on elements of >O'Neil's strategy, combined with elements of "Buffetology" and some of the >basic financial concepts in Andrew Carnegie's writings. I do all my trading >online. > >So far, I haven't had a real "dog," but I'd like to share my thoughts on two >specific equities. I welcome public or private feedback! First, Microsoft >Corporation (Nasdaq: MSFT). The majority of my holdings are MSFT shares, >which I bought before I read "How To Make Money In Stocks." Although MSFT >violates the S rule (there are bazillions of outstanding shares), and my buy >violated the N rule (I bought it at 76 3/8, after a two-week price decline), >MSFT has been a hands-down winner for me. My earnings on those shares >average 49 percent annually. > >Second, Cell Robotics International, Inc. (OTC: CRII). I bought this after >learning about CANSLIM. Although CRII has some C and A problems, it's >potential strength with the other factors seemed so great that I bought it >anyway. CRII has lost money every quarter since the IPO several years ago, >*but* they were pouring money from institutional sponsors into R&D for new >laser technologies that could reach completely-untapped markets. I bought >it at its then-new high of 3 1/4; it closed recently at 2 5/16. It may turn >out to be a good gamble; the FDA has approved the company's "Lasette" (TM) >device for painless drawing of capillary blood. Millions of diabetics must >do this daily to check blood-sugar levels, but previously they had to use a >painful, sharp lancet. CRII also has a recent agreement with one of Japan's >largest health-care groups to market the device in Japan. The company also >makes in-vitro workstations using laser technology, and a skin-resurfacing >laser. If the Lasette takes off, the earnings potential is huge. If not -- >well, it'll be my first "dog." > >Looking forward to learning from the list, >Ted > > > > >- > > - - ------------------------------ Date: Wed, 8 Apr 1998 06:58:31 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Intro: Ted Snyder Welcome to the group, Ted. DailyGraphs Online appears to be down this morning, hope they haven't gone commercial. But while MSFT is not a perfect model of CANSLIM, I think it meets some of the more important criteria such as consistent growth. As to "N", you could throw in Windows 98, despite all the antitrust bs (like someone capable of navigating the net can't discover a site to download Netscape or any other browser!!). Will pass any comments on CRII later after I look at some charts. Of course, the most obvious is the price, which takes it way out of consideration by the institutionals. Its business connection to Japan is likely not helping its price currently, but that could change by the end of the year. And if it's your first "dog" after two years of investing, then it's about time you got bitten and made your financial offerings to the stocks gods !! Tom W - -----Original Message----- From: T. Snyder To: canslim@xmission.com Date: Wednesday, April 08, 1998 12:27 AM Subject: [CANSLIM] Intro: Ted Snyder >Hi list, > >Just joined and thought I'd introduce myself (and a couple of my thoughts on >CANSLIM investing). I'm a retired reporter with no formal investment >So far, I haven't had a real "dog," but I'd like to share my thoughts on two >specific equities. I welcome public or private feedback! First, Microsoft >Corporation (Nasdaq: MSFT). The majority of my holdings are MSFT > >Second, Cell Robotics International, Inc. (OTC: CRII). I bought this after >learning about CANSLIM. Although CRII has some C and A problems, it's >potential strength with the other factors seemed so great that I bought it >anyway. CRII has lost money every quarter since the IPO several years ago, - - ------------------------------ Date: Wed, 8 Apr 1998 07:06:19 -0400 From: "Tom Worley" Subject: [CANSLIM] World Markets Trying to read the open is getting real weird. Looks like the S&P500 is drifting lower towards neutral, while NASDAQ100 is increasing slightly, up nearly half a percent now. Asia generally had a good day, led by a continued strong rally (4th day in a row I think, now up nearly 10% from recent lows) closing up nearly 2.5% and solidly over 16,000 again. Looks like the talk of extending, and even making permanent, some present tax cuts is doing the trick. Meanwhile Europe appears to be ignoring Asia and following yesterday's action on Wall Street. I suspect our fears of corp earnings shortfalls from the Asian fallout is carrying over there as well. Won't be resolved for another week or two, as we see the actual results from the mkt leaders. Tom W - - ------------------------------ Date: Wed, 8 Apr 1998 07:12:20 -0400 (EDT) From: Deepak Kapur Subject: Re: [CANSLIM] PGEX Mike, >It looks to be at about 54, doesn't it? > >I had three stocks today come down and close just at their pivots. I'm >amazed at how rarely CANSLIM breakouts fail (in a good market like we've >had). It's certainly a huge change from December. > >Mike > >On Tuesday, April 07, 1998 6:00 PM, Kom Tukovinit >[SMTP:tikmok@global.california.com] wrote: >> Hi Mike, >> >> What do you view as the support level for PGEX? >> >> Thanks. >> >> kom >> Did it not violate the support yesterday? It went all the way down to 53 before recovering a little at the closing. Should it have been sold then? What am I missing? Deepak - - ------------------------------ Date: Wed, 08 Apr 1998 10:45:40 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] Content-Type: text/plain peterc@loxinfo.co.th 50 trades a year. I'd subscribe at $100.00 a year. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Wed, 8 Apr 1998 06:57:48 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Intro: Ted Snyder > From: "T. Snyder" > To: > Second, Cell Robotics International, Inc. (OTC: CRII). I bought this after > learning about CANSLIM. Although CRII has some C and A problems, it's > potential strength with the other factors seemed so great that I bought it I shouldn't even think of making a comment to someone who has been smart enough to own MSFT for the last two years, but I will anyway - CRII doesn't seem to qualify as CANSLIM on several counts - one, William O'Neil is adamant about not buying stocks under 10 a share, I've heard him say this many times. He feels stocks priced that low are generally lower quality and you decrease your odds of finding a good company. Also, as you say, no C and no A. This doesn't mean you shouldn't own the stock if you are confident of the fundamentals, just that you aren't applying CANSLIM principles. - - ------------------------------ Date: Wed, 08 Apr 1998 14:40:13 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Intro: Ted Snyder Hi Ted, I just posted to Silicon Investor this morning, in fact, pointing out how well MSFT has done since the Asian crisis began to materialize. As far as N is concerned, I would give them a more or less permanent immunity from concerns on this score. I think that Windows 95 proved that MS is the dominant software player in the near term future, all the litigation and blunderbuss notwithstanding. While many took a wait and see attitude when Windows 95 was finally introduced, I think the cat is now out of the bag. Windows 98 will be welcomed by anyone who uses Windows 95. Windows NT will improve, and the two streams will probably become one torrent. I don't know how big a winner it will be, but I don't see how it can be a loser. Dan - - ------------------------------ Date: Wed, 08 Apr 1998 10:22:36 -0400 From: Peter Newell Subject: Re: [CANSLIM] CRII At 2.5 this stock if very spectulative and I would treat it as such. This stock is not on most services I use either which makes me wonder. - ---------- > From: Patrick Wahl > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Intro: Ted Snyder > Date: Wednesday, April 08, 1998 10:57 AM > > > From: "T. Snyder" > > To: > > > Second, Cell Robotics International, Inc. (OTC: CRII). I bought this after > > learning about CANSLIM. Although CRII has some C and A problems, it's > > potential strength with the other factors seemed so great that I bought it > > I shouldn't even think of making a comment to someone who has been > smart enough to own MSFT for the last two years, but I will anyway - > > CRII doesn't seem to qualify as CANSLIM on several counts - one, > William O'Neil is adamant about not buying stocks under 10 a share, > I've heard him say this many times. He feels stocks priced that low > are generally lower quality and you decrease your odds of finding a > good company. Also, as you say, no C and no A. This doesn't mean > you shouldn't own the stock if you are confident of the fundamentals, > just that you aren't applying CANSLIM principles. > > > > - - - ------------------------------ Date: Wed, 08 Apr 1998 08:30:20 -0700 From: Tim Fisher Subject: [CANSLIM] CASLI Scan Results Just finished my scan on Zack's March data; here's the results. EPS GR = 5 year EPS trend compared to Sector 0Q% = Q0/Q-4 EPS Change Compared to Sector - -1Q% = Q-1/Q-5 EPS Change Compared to Sector 24wk GRS = Price change last 24 wks compared to Sector RS = Price change last 24 wks compared to Market Total Score = average of the preceeding ranks COMPANYTickEPS GR %0Q %-1Q %24wk % GRSRSTotal Score Natl Rv Hldgs NRVH 77%89%93%97%96%90% Theragenics Cp THRX 95%94%94%87%82%90% Chart Inds Inc CTI 100%78%80%92%86%87% Jefferies Grp JEF 83%87%76%92%92%86% Manugistics Gp MANU 90%72%75%94%96%85% Analytic SurveyANLT 74%84%71%98%98%85% Ha-lo Inds Inc HMK 100%68%87%76%84%83% Xeta Corp XETA 89%82%64%86%88%82% Amer Homestar HSTR 74%69%68%100%97%82% Datastream Sys DSTM 89%69%63%88%91%80% Renters Choice RCII 97%73%72%71%79%78% Encore Wire Cp WIRE 79%82%85%74%69%78% Gleason Corp GLE 97%64%73%79%73%77% First Years IncKIDD 88%78%63%68%77%75% Coherent CommunCCSC 66%65%62%89%92%75% Optek Tech Inc OPTT 78%65%53%86%87%74% Special DevicesSDII 78%73%61%77%73%72% Tetra Tech New WATR 73%64%65%81%75%71% Symix Systems SYMX 88%59%55%75%69%69% Ifr Sys Inc IFRS 89%60%68%65%54%67% Technitrol Inc TNL 83%60%71%65%55%67% Atmi Inc ATMI 99%74%69%51%34%65% Anchor Gaming SLOT 86%89%87%30%35%65% Day Runner Inc DAYR 74%68%61%53%52%62% Dycom Inds DY 89%55%87%31%42%61% Pomeroy Comp RePMRY 90%65%74%25%29%57% Cdw Comptr CtrsCDWC 96%64%69%22%27%56% Maxwell Tech MXWL 88%69%73%7%17%51% Zoltek Cos Inc ZOLT 96%64%76%5%7%50% 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: Wed, 08 Apr 1998 08:33:40 -0700 From: Tim Fisher Subject: Re: [CANSLIM] CASLI Scan Results Ah crap, this "new" Eudora really gets my goat. If you want the Excel spreadsheet let me know and I'll mail it to you. I don't have the time to= make it look pretty. At 08:30 AM 4/8/98 , I wrote: >Just finished my scan on Zack's March data; here's the results. >EPS GR =3D 5 year EPS trend compared to Sector >0Q% =3D Q0/Q-4 EPS Change Compared to Sector >-1Q% =3D Q-1/Q-5 EPS Change Compared to Sector >24wk GRS =3D Price change last 24 wks compared to Sector >RS =3D Price change last 24 wks compared to Market >Total Score =3D average of the preceeding ranks > >COMPANYTickEPS GR %0Q %-1Q %24wk %=A0=A0=A0 GRSRSTotal Score=20 >=A0=A0 Natl Rv Hldgs=A0 NRVH=A0=A0=A0=A0=A0 77%89%93%97%96%90%=20 >=A0=A0 Theragenics Cp THRX=A0=A0=A0=A0=A0 95%94%94%87%82%90%=20 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: Wed, 8 Apr 1998 11:55:07 -0700 From: Subject: Re: [CANSLIM] BUNZ atten Tom I believe your right patrick , but I think I am gonna hang on. it got a real good bounce yesterday., and the company has said it will have this thing solved in a matter of days. I still think it is a solid company and I had intended this one to be long term anyway. So I think I will stay the course and see what happens. - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Tuesday, April 07, 1998 6:53 AM Subject: Re: [CANSLIM] BUNZ atten Tom > From: > To: > god you were so right on this one > I lost my you know what on this one today > I am down about 35% already > you think I should go ahead and dump it > it seems to have bottomed out > but some sort of news is expected this aft. > apparently some people knew inadvance I've been in this position myself with a stock unfortunately and I think the best thing to do is bail out and look for the next stock. Given the news that was reported on this one, I think investor confidence will be shaken, and at best it will mark time for several months before it makes any sort of recovery. I don't think there was any way to see this one coming. I mentioned this stock on this list a few weeks ago, thought it looked pretty good. - - - - ------------------------------ Date: Wed, 8 Apr 1998 10:35:00 -0700 From: Mike Lucero Subject: RE: [CANSLIM] PGEX Yes, support was violated. I liked that it recovered back to 54. I am probably too lenient with these stocks. Mike On Wednesday, April 08, 1998 4:12 AM, Deepak Kapur [SMTP:kapur@cs.albany.edu] wrote: > Mike, > > >It looks to be at about 54, doesn't it? > > > >I had three stocks today come down and close just at their pivots. I'm > >amazed at how rarely CANSLIM breakouts fail (in a good market like we've > >had). It's certainly a huge change from December. > > > >Mike > > > >On Tuesday, April 07, 1998 6:00 PM, Kom Tukovinit > >[SMTP:tikmok@global.california.com] wrote: > >> Hi Mike, > >> > >> What do you view as the support level for PGEX? > >> > >> Thanks. > >> > >> kom > >> > > Did it not violate the support yesterday? It went all the way down to > 53 before recovering a little at the closing. > Should it have been sold then? What am > I missing? > > Deepak > > - > > > - - ------------------------------ Date: Wed, 08 Apr 1998 19:58:02 +0200 From: Johan Van Houtven Subject: [CANSLIM] HDWY HDWY new high again, breakout from mini base on good volume. Or you could call it bounce from trendline support. One can only wonder what would have happened with this stock on a 'good' day in the markets. :-) Disclosure: I'm in. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Wed, 8 Apr 1998 13:42:25 -0500 From: "Joe Scott" Subject: [CANSLIM] M This is a multi-part message in MIME format. - ------=_NextPart_000_000C_01BD62F4.2A3FABC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Gang Don't like the look of M, don't know about all of you, but studying M in = O'Neil book, and studying the charts it doesn't look good to me. I don't = like all the 9000 hype crap, and I don't like the fact that after that = down week we had, this last little rally hasn't been able to hold on. = Yesterday looked pretty bad, and today opened with try of a good day and = hasn't been able to hold, its only 1:30, but dow is down 50 and I = wouldn't doubt it closes down over 100.=20 I'm 60% in cash today, and am watching my remaining positions very = close. I'll watch from the sidelines for a bit.=20 don't know a thing joe visit me at http://www.2fords.net/joe/index.html - ------=_NextPart_000_000C_01BD62F4.2A3FABC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Gang
Don't like the look of M, don't know about = all of you,=20 but studying M in O'Neil book, and studying the charts it doesn't look = good to=20 me. I don't like all the 9000 hype crap, and I don't like the fact that = after=20 that down week we had, this last little rally hasn't been able to hold = on.=20 Yesterday looked pretty bad, and today opened with try of a good day and = hasn't=20 been able to hold, its only 1:30, but dow is down 50 and I wouldn't = doubt it=20 closes down over 100.
I'm 60% in cash today, and am watching my = remaining=20 positions very close. I'll watch from the sidelines for a bit. =
 
don't know a thing
joe
visit me at http://www.2fords.net/joe/i= ndex.html
- ------=_NextPart_000_000C_01BD62F4.2A3FABC0-- - - ------------------------------ Date: Wed, 08 Apr 1998 12:23:07 -0700 From: Kom Tukovinit Subject: Re: [CANSLIM] M Hi, I have no clue how to read the market, but this is what I am observing: 1) The Dow seems to have a lot of trouble trying to break through 9000 and staying there. 2) I have gone from owning 8 stocks in the last week to 2 (REMX and WHIT) this week. I am now more than 50% in cash, and the sale was almost entirely done via mechanical stops. 3) Stocks that I have been watching as potential long are not behaving too well; some are going through their support lines. 4) Some early leaders (such as THRX) are coming back down, especially with no news release. (THRX has been #1 or #2 in the group for a while, with 2-to-1 split recently) kom Joe Scott wrote: > Hi GangDon't like the look of M, don't know about all of you, but > studying M in O'Neil book, and studying the charts it doesn't look > good to me. I don't like all the 9000 hype crap, and I don't like the > fact that after that down week we had, this last little rally hasn't > been able to hold on. Yesterday looked pretty bad, and today opened > with try of a good day and hasn't been able to hold, its only 1:30, > but dow is down 50 and I wouldn't doubt it closes down over 100.I'm > 60% in cash today, and am watching my remaining positions very close. > I'll watch from the sidelines for a bit. don't know a thing > joe > visit me at http://www.2fords.net/joe/index.html - - ------------------------------ Date: Wed, 8 Apr 1998 16:47:31 -0400 From: "Douglas Dame" Subject: RE: [CANSLIM] CASLI Scan Results Tim, when you say "compared to Sector" do you mean "percentile ranking within Sector" ??? Inquiring minds want to know. Thanks Douglas Dame -- Interlachen FL > > Just finished my scan on Zack's March data; here's the results. > EPS GR = 5 year EPS trend compared to Sector > 0Q% = Q0/Q-4 EPS Change Compared to Sector > -1Q% = Q-1/Q-5 EPS Change Compared to Sector > 24wk GRS = Price change last 24 wks compared to Sector > RS = Price change last 24 wks compared to Market > Total Score = average of the preceeding ranks - - ------------------------------ Date: Wed, 08 Apr 1998 17:37:19 -0700 From: Tim Fisher Subject: RE: [CANSLIM] CASLI Scan Results At 04:47 PM 4/8/98 -0400, you wrote: >Tim, when you say "compared to Sector" do you mean "percentile ranking >within Sector" ??? > Yep! Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! - - ------------------------------ Date: Wed, 08 Apr 1998 17:50:02 -0700 From: Tim Fisher Subject: [CANSLIM] Re: THRX At 12:23 PM 4/8/98 -0700, you wrote: >Hi, > >I have no clue how to read the market, but this is what I am observing: > >1) The Dow seems to have a lot of trouble trying to break through 9000 >and staying there. >2) I have gone from owning 8 stocks in the last week to 2 (REMX and >WHIT) this week. I am now more than 50% in cash, and the sale was >almost entirely done via mechanical stops. >3) Stocks that I have been watching as potential long are not behaving >too well; some are going through their support lines. >4) Some early leaders (such as THRX) are coming back down, especially >with no news release. (THRX has been #1 or #2 in the group for a while, >with 2-to-1 split recently) > THRX looks like a classic shakeout. It got me out at 59 but look at the action today. Almost tempted to buy it back tomorrow. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! - - ------------------------------ Date: Wed, 8 Apr 1998 21:31:13 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HDWY I had nice gains on 5 of 5 today, got back everything I lost yesterday plus a nice bonus. HDWY is particularly pleasing as I nearly sold it when it backed off to 9 after I was fired. One of the broker's in the office followed me on this one, nice to leave a good reputation behind. EDAC also had a nice day today. Tom W - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Wednesday, April 08, 1998 1:54 PM Subject: [CANSLIM] HDWY >HDWY new high again, breakout from mini base on good volume. > >Or you could call it bounce from trendline support. > >One can only wonder what would have happened with this stock on a 'good' >day in the markets. :-) > >Disclosure: I'm in. > > > > > >Johan Van Houtven >CLICK! N.V. / Wilrijk, Belgium > > >- > - - ------------------------------ Date: Wed, 8 Apr 1998 21:39:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] M I'm not overly comfortable with "M" right now either, but still 100% invested at this time. Haven't had time to study the mkt in much detail, but my general sense is that there is a lot of fairly rapid rotation going on, with money jumping out of groups/stocks that have made big gains recently and into whatever sector is hot right now (such as banking due all the mergers). A review of the "Market Indicator" charts for NYSE and NASDAQ at DG Online does show that neither mkt is overbot, altho the up/down moving averages in both cases have converged, and new hi/lows are suggesting a convergence as well. As memory serves me, I don't think the run at 9000 has been much different than it was at 8000 or even 7000. Century marks are tough to break, esp after the mkt has moved to such high premiums in the face of declining profits. A lot of what is going on right now is caution ahead of a potentially difficult earnings cycle. The next two weeks could set the pattern for the next two to three months. Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Wednesday, April 08, 1998 2:43 PM Subject: [CANSLIM] M Hi Gang Don't like the look of M, don't know about all of you, but studying M in O'Neil book, and studying the charts it doesn't look good to me. I don't like all the 9000 hype crap, and I don't like the fact that after that down week we had, this last little rally hasn't been able to hold on. Yesterday looked pretty bad, and today opened with try of a good day and hasn't been able to hold, its only 1:30, but dow is down 50 and I wouldn't doubt it closes down over 100. I'm 60% in cash today, and am watching my remaining positions very close. I'll watch from the sidelines for a bit. don't know a thing joe visit me at http://www.2fords.net/joe/index.html - - ------------------------------ Date: Wed, 8 Apr 1998 22:15:09 -0700 From: Subject: Re: [CANSLIM] HDWY is it too late on hdwy ?? - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Wednesday, April 08, 1998 6:34 PM Subject: Re: [CANSLIM] HDWY >I had nice gains on 5 of 5 today, got back everything I lost yesterday >plus a nice bonus. HDWY is particularly pleasing as I nearly sold it >when it backed off to 9 after I was fired. One of the broker's in the >office followed me on this one, nice to leave a good reputation >behind. > >EDAC also had a nice day today. > >Tom W > >-----Original Message----- >From: Johan Van Houtven >To: canslim@lists.xmission.com >Date: Wednesday, April 08, 1998 1:54 PM >Subject: [CANSLIM] HDWY > > >>HDWY new high again, breakout from mini base on good volume. >> >>Or you could call it bounce from trendline support. >> >>One can only wonder what would have happened with this stock on a >'good' >>day in the markets. :-) >> >>Disclosure: I'm in. >> >> >> >> >> >>Johan Van Houtven >>CLICK! N.V. / Wilrijk, Belgium >> >> >>- >> > > >- > > - - ------------------------------ Date: Wed, 8 Apr 1998 23:18:30 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HDWY IMHO, yes. I took the chance of buying off a very short base back at 7 7/8 where the base was less than two weeks long. It was mostly a momentum play then, but I felt the valuations were still good, and the group was strong. Now it's PE trailing puts it at 26, with no concensus of earnings forecasts. The short base it just went thru has helped to consolidate the gains, but it remains a momentum play far more than CANSLIM. It's still within 2X the 200dma, but not by that much. It's also well ahead of the 50dma. Is there enough momentum left to drive it even higher? I sure hope so, as I still own it. Would I buy more here given the funds to do so? No. Would I initiate a fresh buy here if I didn't already own it? No. Why aren't I then selling it and taking my nearly 20% profit? It's not making me sell it, nor yet giving me a signal that it's time. YET! Tom W - -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Wednesday, April 08, 1998 10:14 PM Subject: Re: [CANSLIM] HDWY >is it too late on hdwy ?? >-----Original Message----- >From: Tom Worley >To: canslim@lists.xmission.com >Date: Wednesday, April 08, 1998 6:34 PM >Subject: Re: [CANSLIM] HDWY > > >>I had nice gains on 5 of 5 today, got back everything I lost yesterday >>plus a nice bonus. HDWY is particularly pleasing as I nearly sold it >>when it backed off to 9 after I was fired. One of the broker's in the >>office followed me on this one, nice to leave a good reputation >>behind. >> >>EDAC also had a nice day today. >> >>Tom W >> >>-----Original Message----- >>From: Johan Van Houtven >>To: canslim@lists.xmission.com >>Date: Wednesday, April 08, 1998 1:54 PM >>Subject: [CANSLIM] HDWY >> >> >>>HDWY new high again, breakout from mini base on good volume. >>> >>>Or you could call it bounce from trendline support. >>> >>>One can only wonder what would have happened with this stock on a >>'good' >>>day in the markets. :-) >>> >>>Disclosure: I'm in. >>> >>> >>> >>> >>> >>>Johan Van Houtven >>>CLICK! N.V. / Wilrijk, Belgium >>> >>> >>>- >>> >> >> >>- >> >> > > >- > - - ------------------------------ Date: Wed, 8 Apr 1998 00:14:45 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re. Tom's Questions Thanks Jan, I am already using bigcharts, altho haven't fully explored it yet. Will check out the other sites as well as soon as I can. Tom W - -----Original Message----- From: JANSI1AUG1 To: CANSLIM@xmission.com Date: Tuesday, April 07, 1998 6:09 PM Subject: [CANSLIM] Re. Tom's Questions >Tom, > > It's nice to be able to (hopefully) help you out after all the questions >I've asked of you. I use AOL, and they just refurbished the market-digest >site. They say now that it's better, but some info (like number of hi's and >lo's) has been discontinued. (It's the typical 90's definition of progress: >Anything that's new is better-even if it's worse). > > Anyway here is what I have for the types of scans that you asked for on >individual stocks. I've thrown in a couple others because I believe they'd >come in handy and be useful. > >http://www.bigcharts.com/ie/3.x/ >http://scan.iqc.com/pcquote/default.exe >http://www.rapidresearch.com/advanced.asp > > jans > >- > - - - - ------------------------------ End of canslim-digest V2 #181 ***************************** 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.