From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1848 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 Sunday, November 25 2001 Volume 02 : Number 1848 In this issue: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA [CANSLIM] Re. Investors Corner Re: [CANSLIM] Deja Vu, all over again [CANSLIM] CANSLIM Curse Re: [CANSLIM] CANSLIM Curse Re: [CANSLIM] Deja Vu, all over again Re: [CANSLIM] CANSLIM Curse Re: [CANSLIM] CANSLIM Curse Re: [CANSLIM] CANSLIM Curse Re: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA Re: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA [CANSLIM] LLUR Revisited Re: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA Re: [CANSLIM] LLUR Revisited ---------------------------------------------------------------------- Date: Sat, 24 Nov 2001 18:45:40 -0800 From: "Scott Gettis" Subject: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA This is a multi-part message in MIME format. - ------=_NextPart_000_003C_01C17518.370C9180 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit All these stocks have smooth cups, are close to their highs, and are now forming handles. Any comments about the best of these stocks? I am leaning towards penn. - ------=_NextPart_000_003C_01C17518.370C9180 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
All=20 these stocks have smooth cups, are close to their highs, and are = now=20 forming handles. 
Any=20 comments about the best of these stocks?
 
I am=20 leaning towards penn. 
- ------=_NextPart_000_003C_01C17518.370C9180-- - - - -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: Sun, 25 Nov 2001 00:12:17 EST From: Spencer48@aol.com Subject: [CANSLIM] Re. Investors Corner Katherine: Investors Corner has an article regarding one of the methods you use (comparing the stocks in the group) in analyzing a stock before you purchase it. (The article is also in Monday's edition of IBD). It uses TARO as an example. Here is the article without the TARO example. It makes some nice and timely points (that sometimes an IBD subscriber and an afficaiando of WON's ideas might overlook: "Peer Pressure Can Ruin Good Stock BY JONAH KERI In a market where many breakouts quickly reverse and give back their gains, it pays to be vigilant before clicking your buy button. That means going beyond a quick peek at a stock's earnings growth and price performance. Here's a litmus test for your potential purchase: How are your stock's peers acting? A good market and a group of highflying compadres can sweep even weak stocks along for a joyride. But if cronies start to crumble, your stock could tumble. IBD herds stocks into 197 industry groups. Each group gets a ranking for Relative Price Strength, just as individual stocks do. Take note when a group's RS grade climbs or falls. Such a move could be a key buy or sell signal. Once you've covered the bigger picture, get into specifics. Pull the names of your stock's fellow group members and start flipping through their stock charts. You're looking for the same traits you'd want in your own stock. Seek out well-formed bases. Are these peers finding support at key levels like their 50- and 200-day moving averages? Is volume higher on up weeks and lower on down weeks? Track those stocks closely after they break out. Did they flash a powerful volume spike on their breakout day? Did they follow through with healthy gains? But what if peers wedge up to new highs on low volume, or reverse at their peaks on heavy trade? They're flashing a huge warning for you to stay away. In a market where many breakouts quickly reverse and give back their gains, it pays to be vigilant before clicking your buy button. That means going beyond a quick peek at a stock's earnings growth and price performance. Here's a litmus test for your potential purchase: How are your stock's peers acting? A good market and a group of highflying compadres can sweep even weak stocks along for a joyride. But if cronies start to crumble, your stock could tumble. IBD herds stocks into 197 industry groups. Each group gets a ranking for Relative Price Strength, just as individual stocks do. Take note when a group's RS grade climbs or falls. Such a move could be a key buy or sell signal. Once you've covered the bigger picture, get into specifics. Pull the names of your stock's fellow group members and start flipping through their stock charts. You're looking for the same traits you'd want in your own stock. Seek out well-formed bases. Are these peers finding support at key levels like their 50- and 200-day moving averages? Is volume higher on up weeks and lower on down weeks? Track those stocks closely after they break out. Did they flash a powerful volume spike on their breakout day? Did they follow through with healthy gains? But what if peers wedge up to new highs on low volume, or reverse at their peaks on heavy trade? They're flashing a huge warning for you to stay away." jans - - - -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: Sun, 25 Nov 2001 01:03:35 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] Deja Vu, all over again Tom: Why, of course, to see if they're getting it correctly ;). jans In a message dated 11/24/2001 6:54:30 PM Eastern Standard Time, genr@swbell.net writes: << Nice try Tom.... but no dice. I have a lawyer friend that said we would have to become a legal entity and not be a public forum... and all that stuff. Once info is published here is becomes part of the public domain..... unless it is pirated from a copyrighted source.... Question: If IBD gets their material from this board, why do you subscribe to IBD? I dropped my subscription about 3 months ago.... >> - - - -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: Sun, 25 Nov 2001 08:29:19 -0600 From: "Norman" Subject: [CANSLIM] CANSLIM Curse As I was reading the paper yesterday I began to think of how I used to wish they would use current break-outs in their examples instead of the CSCOs of 1998-99. I even remember that same wish being posted and discussed in this group. Well folks, we are getting our wish. And now that wish is backfiring. A mention in the paper seems to be a death knell for those break-outs we have scanned so many charts to find. Maybe we should be more careful what we wish for :-) Norm - - - -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: Sun, 25 Nov 2001 06:55:16 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] CANSLIM Curse Norman Yes I remember the discussion! I have a feeling that as soon as the big dogs learn that killing breakouts no longer works, they will move to other stunts. For the longer term, I doubt the short term failures will actually hold a company down for long. Looking at the bigger picture, the stocks appeared on our radar due to fundamental strength that has taken a long time to develop. Eventually that strength will be enticing enough that the big dogs are caught in a short squeeze. Perhaps we should start a watch list of IBDcurse stocks and see how they perform. Just my thoughts. Kent Norman - --- Norman wrote: > As I was reading the paper yesterday I began to > think of how I used to wish > they would use current break-outs in their examples > instead of the CSCOs of > 1998-99. I even remember that same wish being > posted and discussed in this > group. > > Well folks, we are getting our wish. And now that > wish is backfiring. A > mention in the paper seems to be a death knell for > those break-outs we have > scanned so many charts to find. > > Maybe we should be more careful what we wish for :-) > > Norm > > > - > -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! GeoCities - quick and easy web site hosting, just $8.95/month. http://geocities.yahoo.com/ps/info1 - - - -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: Sat, 24 Nov 2001 19:59:49 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Deja Vu, all over again This is a multi-part message in MIME format. - ------=_NextPart_000_0011_01C17522.93514800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't subscribe to IBD, nor have for many years. And I certainly would = not now, with them using our ideas and discussions to present as if = original material from their writers. Even if it is legal, and I have = doubts about that, it certainly is unethical to do so without = attribution. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Saturday, November 24, 2001 6:59 PM Subject: Re: [CANSLIM] Deja Vu, all over again Nice try Tom.... but no dice. I have a lawyer friend that said we = would have to become a legal entity and not be a public forum... and all = that stuff. Once info is published here is becomes part of the public = domain..... unless it is pirated from a copyrighted source....=20 =20 Question: If IBD gets their material from this board, why do you = subscribe to IBD? I dropped my subscription about 3 months ago....=20 =20 =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, November 24, 2001 2:04 PM Subject: Re: [CANSLIM] Deja Vu, all over again There must be at least one lawyer in this group that can tell us if = it's legal for IBD writers to lurk in this group, then use our thoughts = and ideas as the source of columns written for commercial purposes = without permission or attribution. And if it's legal, then I would suggest that Jeff add to the = automated footer something like DGO uses on their Custom Screens. For = example, the footer could read: -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. -All correspondence and discussion here is considered the = intellectual property of this group collectively and individually. Your = presence here is strictly for your personal use and nothing expressed = here is to be used for any commercial or other purposes, including = source materials, ideas or inspirations for articles in Investors = Business Daily, without the written consent of the List Owner. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: esetser=20 To: canslim@xmission.com=20 Sent: Saturday, November 24, 2001 1:52 PM Subject: [CANSLIM] Deja Vu, all over again Looking at today's Investor's Corner, I got a solid case of Deja = Vu. It is discussing the TARO breakout and breakdown, and points out other = failures in the same group that should have been a solid warning. =20 Hmm, I don't remember this warning from IBD before it failed, but = I do seem to remember a similar discussion here. Good call Katherine!! =20 Oh, and maybe you should call IBD about using your Intellectual = Property? Nah, just kidding. - ------=_NextPart_000_0011_01C17522.93514800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't subscribe to IBD, nor have for many years. = And I=20 certainly would not now, with them using our ideas and discussions to = present as=20 if original material from their writers. Even if it is legal, and I have = doubts=20 about that, it certainly is unethical to do so without = attribution.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Gene = Ricci
To: canslim@lists.xmission.com =
Sent: Saturday, November 24, = 2001 6:59=20 PM
Subject: Re: [CANSLIM] Deja Vu, = all over=20 again

Nice try Tom.... but no dice. I have = a lawyer=20 friend that said we would have to become a legal entity and = not be a=20 public forum... and all that stuff. Once info is published here is = becomes=20 part of the public domain..... unless it is pirated from a copyrighted = source.... 
 
Question: If IBD gets their = material from=20 this board, why do you subscribe to IBD? I dropped my subscription = about 3=20 months ago....
 
 
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com =
Sent: Saturday, November 24, = 2001 2:04=20 PM
Subject: Re: [CANSLIM] Deja = Vu, all=20 over again

There must be at least one lawyer in this group = that can=20 tell us if it's legal for IBD writers to lurk in this group, then = use our=20 thoughts and ideas as the source of columns written for commercial = purposes=20 without permission or attribution.
 
And if it's legal, then I would suggest that = Jeff add to=20 the automated footer something like DGO uses on their Custom = Screens. For=20 example, the footer could read:
 
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
-All correspondence and discussion here = is=20 considered the intellectual property of this group collectively and=20 individually. Your presence here is strictly for your personal use = and=20 nothing expressed here is to be used for any commercial or = other=20 purposes, including source materials, ideas or inspirations for = articles in=20 Investors Business Daily, without the written consent of the List=20 Owner.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 esetser=20
To: canslim@xmission.com
Sent: Saturday, November = 24, 2001=20 1:52 PM
Subject: [CANSLIM] Deja Vu, = all over=20 again

Looking at today's Investor's Corner, I got a solid = case of=20 Deja Vu.  It is
discussing the TARO breakout and = breakdown, and=20 points out other failures
in the same group that should have = been a=20 solid warning. 

Hmm, I don't remember this warning = from IBD=20 before it failed, but I do seem
to remember a similar = discussion=20 here.  Good call Katherine!! 

Oh, and maybe you = should=20 call IBD about using your Intellectual Property?
Nah, just=20 = kidding.


= - ------=_NextPart_000_0011_01C17522.93514800-- - - - -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: Sun, 25 Nov 2001 10:04:54 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] CANSLIM Curse I know we're all kidding around when talking about the "IBD curse," but in all seriousness, there *are* breakouts that are working. I've got at least 10 on my radar screens that have excellent fundamentals (of course, just in case, I'm *not* going to list them here). But the fact that there are so few after so many weeks off the bottom is testament to the fact that the market is still very tenuous here. We have many things working in our favor, but, as many people have pointed out recently, patience is a virtue well worth practicing until we have more signs of clear sailing ahead. Part of being a successful investor is in knowing when market conditions are right for our style. Mr. M is *always* smarter than we are and for darn sure *always* smarter than the IBD. Katherine - ----- Original Message ----- From: "Kent Norman" To: Sent: Sunday, November 25, 2001 8:55 AM Subject: Re: [CANSLIM] CANSLIM Curse > Norman > > Yes I remember the discussion! > > I have a feeling that as soon as the big dogs learn > that killing breakouts no longer works, they will move > to other stunts. > > For the longer term, I doubt the short term failures > will actually hold a company down for long. Looking at > the bigger picture, the stocks appeared on our radar > due to fundamental strength that has taken a long time > to develop. Eventually that strength will be enticing > enough that the big dogs are caught in a short > squeeze. > > Perhaps we should start a watch list of IBDcurse > stocks and see how they perform. > > Just my thoughts. > Kent Norman > > --- Norman wrote: > > As I was reading the paper yesterday I began to > > think of how I used to wish > > they would use current break-outs in their examples > > instead of the CSCOs of > > 1998-99. I even remember that same wish being > > posted and discussed in this > > group. > > > > Well folks, we are getting our wish. And now that > > wish is backfiring. A > > mention in the paper seems to be a death knell for > > those break-outs we have > > scanned so many charts to find. > > > > Maybe we should be more careful what we wish for :-) > > > > Norm > > > > > > - > > -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! GeoCities - quick and easy web site hosting, just $8.95/month. > http://geocities.yahoo.com/ps/info1 > > - > -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: Sun, 25 Nov 2001 10:24:12 -0600 From: "Norman" Subject: Re: [CANSLIM] CANSLIM Curse Yes, y'all are right. Fundies and the M will always prevail. My comments were mostly in jest; but just mostly, not entirely. WON his self says that when a company begins making the news that it is probably time to consider getting out. Does that apply to IBD? Beats me :-) I will surely be watching the stocks they mention from now on. Norm - ----- Original Message ----- From: "Katherine Malm" To: Sent: Sunday, November 25, 2001 10:04 AM Subject: Re: [CANSLIM] CANSLIM Curse > I know we're all kidding around when talking about the "IBD curse," but in > all seriousness, there *are* breakouts that are working. I've got at least > 10 on my radar screens that have excellent fundamentals (of course, just in > case, I'm *not* going to list them here). But the fact that there are so few > after so many weeks off the bottom is testament to the fact that the market > is still very tenuous here. We have many things working in our favor, but, > as many people have pointed out recently, patience is a virtue well worth > practicing until we have more signs of clear sailing ahead. Part of being a > successful investor is in knowing when market conditions are right for our > style. Mr. M is *always* smarter than we are and for darn sure *always* > smarter than the IBD. > > Katherine > > > ----- Original Message ----- > From: "Kent Norman" > To: > Sent: Sunday, November 25, 2001 8:55 AM > Subject: Re: [CANSLIM] CANSLIM Curse > > > > Norman > > > > Yes I remember the discussion! > > > > I have a feeling that as soon as the big dogs learn > > that killing breakouts no longer works, they will move > > to other stunts. > > > > For the longer term, I doubt the short term failures > > will actually hold a company down for long. Looking at > > the bigger picture, the stocks appeared on our radar > > due to fundamental strength that has taken a long time > > to develop. Eventually that strength will be enticing > > enough that the big dogs are caught in a short > > squeeze. > > > > Perhaps we should start a watch list of IBDcurse > > stocks and see how they perform. > > > > Just my thoughts. > > Kent Norman > > > > --- Norman wrote: > > > As I was reading the paper yesterday I began to > > > think of how I used to wish > > > they would use current break-outs in their examples > > > instead of the CSCOs of > > > 1998-99. I even remember that same wish being > > > posted and discussed in this > > > group. > > > > > > Well folks, we are getting our wish. And now that > > > wish is backfiring. A > > > mention in the paper seems to be a death knell for > > > those break-outs we have > > > scanned so many charts to find. > > > > > > Maybe we should be more careful what we wish for :-) > > > > > > Norm > > > > > > > > > - > > > -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! GeoCities - quick and easy web site hosting, just $8.95/month. > > http://geocities.yahoo.com/ps/info1 > > > > - > > -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: Sun, 25 Nov 2001 10:27:08 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] CANSLIM Curse Hah...interesting point, Norm. One that I'm sure the IBD lurkers should be asking themselves! Katherine - ----- Original Message ----- From: "Norman" To: Sent: Sunday, November 25, 2001 10:24 AM Subject: Re: [CANSLIM] CANSLIM Curse > Yes, y'all are right. Fundies and the M will always prevail. My comments > were mostly in jest; but just mostly, not entirely. WON his self says that > when a company begins making the news that it is probably time to consider > getting out. Does that apply to IBD? Beats me :-) > > I will surely be watching the stocks they mention from now on. > > Norm > > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Sunday, November 25, 2001 10:04 AM > Subject: Re: [CANSLIM] CANSLIM Curse > > > > I know we're all kidding around when talking about the "IBD curse," but in > > all seriousness, there *are* breakouts that are working. I've got at least > > 10 on my radar screens that have excellent fundamentals (of course, just > in > > case, I'm *not* going to list them here). But the fact that there are so > few > > after so many weeks off the bottom is testament to the fact that the > market > > is still very tenuous here. We have many things working in our favor, but, > > as many people have pointed out recently, patience is a virtue well worth > > practicing until we have more signs of clear sailing ahead. Part of being > a > > successful investor is in knowing when market conditions are right for our > > style. Mr. M is *always* smarter than we are and for darn sure *always* > > smarter than the IBD. > > > > Katherine > > > > > > ----- Original Message ----- > > From: "Kent Norman" > > To: > > Sent: Sunday, November 25, 2001 8:55 AM > > Subject: Re: [CANSLIM] CANSLIM Curse > > > > > > > Norman > > > > > > Yes I remember the discussion! > > > > > > I have a feeling that as soon as the big dogs learn > > > that killing breakouts no longer works, they will move > > > to other stunts. > > > > > > For the longer term, I doubt the short term failures > > > will actually hold a company down for long. Looking at > > > the bigger picture, the stocks appeared on our radar > > > due to fundamental strength that has taken a long time > > > to develop. Eventually that strength will be enticing > > > enough that the big dogs are caught in a short > > > squeeze. > > > > > > Perhaps we should start a watch list of IBDcurse > > > stocks and see how they perform. > > > > > > Just my thoughts. > > > Kent Norman > > > > > > --- Norman wrote: > > > > As I was reading the paper yesterday I began to > > > > think of how I used to wish > > > > they would use current break-outs in their examples > > > > instead of the CSCOs of > > > > 1998-99. I even remember that same wish being > > > > posted and discussed in this > > > > group. > > > > > > > > Well folks, we are getting our wish. And now that > > > > wish is backfiring. A > > > > mention in the paper seems to be a death knell for > > > > those break-outs we have > > > > scanned so many charts to find. > > > > > > > > Maybe we should be more careful what we wish for :-) > > > > > > > > Norm > > > > > > > > > > > > - > > > > -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! GeoCities - quick and easy web site hosting, just $8.95/month. > > > http://geocities.yahoo.com/ps/info1 > > > > > > - > > > -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: Sun, 25 Nov 2001 13:32:35 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA The drop in SLOT in September is a little bit scary, but that might be attributable just to the terrorist thing. Earnings have been strong, and I noticed that they are beating estimates by a larger and larger amount each quarter, so it could be a good candidate. ASCA has a nice chart, but pretty thin at 8500 shares a day, and earnings estimates not very exciting looking. PENN also looks pretty good. On 24 Nov 01, at 18:45, Scott Gettis wrote: > All these stocks have smooth cups, are close to their highs, and are now > forming handles. > Any comments about the best of these stocks? > > I am leaning towards penn. > - - - -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: Sun, 25 Nov 2001 16:17:48 -0500 From: "Al French" Subject: Re: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA I'd prefer casinos that people drive to over those that depend on air travelers, but I don't know which is which. Whatever happened with the July announcement of an IGT takeover of SLOT? Al French - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Sunday, November 25, 2001 3:32 PM Subject: Re: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA > The drop in SLOT in September is a little bit scary, but that might > be attributable just to the terrorist thing. Earnings have been > strong, and I noticed that they are beating estimates by a larger > and larger amount each quarter, so it could be a good candidate. > ASCA has a nice chart, but pretty thin at 8500 shares a day, and > earnings estimates not very exciting looking. PENN also looks > pretty good. > > On 24 Nov 01, at 18:45, Scott Gettis wrote: > > > All these stocks have smooth cups, are close to their highs, and are now > > forming handles. > > Any comments about the best of these stocks? > > > > I am leaning towards penn. > > > > > > - > -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: Sun, 25 Nov 2001 15:58:01 -0600 From: "Norman" Subject: [CANSLIM] LLUR Revisited We discussed LLURs a little while back and I have been further pondering the pattern. I have a concern about the time frame quoted as being necessary for pattern validity. Namely, 1 year of up and down oscillations. I am very new to this pattern, however, from the few I have watched, I would be a little scared of taking a position in a stock that has had that pattern for a year. It seems those stocks that have traded in that pattern begin to breakdown before a year has passed; as if the pattern 'wears out'. Maybe, like the other chart patterns, this one doesn't form well or last long in a weak market. Or maybe, if a stock doesn't trade in that pattern for at least a year then it really isn't an LLUR? Does anyone have any good examples, current or old, of a few stocks that traded in this pattern for a year? Any thoughts on my concern about the longevity of the pattern? Norm - - - -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: Sun, 25 Nov 2001 17:09:23 EST From: PSmith7153@aol.com Subject: Re: [CANSLIM] gaming stocks, PENN, SLOT, MNTG, ASCA PENN is a local stock here in Reading, PA-- no news here; We are heading for a Govorner election next November and slot machines and gambling in PA will be a big issue!- PENN owns many horse race tracks in the different states w/ slots; There are i believe three tracks they own in PA- no slots! Thanks for brining PENN up-- will be back on my watch list! paul - - - -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: Sun, 25 Nov 2001 19:28:39 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] LLUR Revisited This is a multi-part message in MIME format. - ------=_NextPart_000_0065_01C175E7.628A23C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Norm, First, don't think of it as an "up and down oscillations". Rather think = of it as the perfect "buy and hold" stock that slowly, steadily, and = gradually with very low volatility moves up in price. Thus, the steady = angle of the slope from lower left to upper right becomes the "flat = base" and the entry point is determined (if you are trying to maximize = profit) as the moving average line that forms the bottom of the trading = range. As for time duration, the ideal is one year, but many good LLUR patterns = were likely buyable after six months or less. I wouldn't consider less = than 3 or 4 months of a consistent pattern. The more volatility, the = longer I would want the pattern. Remember that you are combining this = pattern with good fundies and other solid CS elements as well, it's not = just the pattern alone. I don't mention it every week, but when I do my WWW list, I only look at = the past six months. Altho I have never analyzed it, I would expect longer LLUR patterns when = "M" is more favorable than right now. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Norman=20 To: canslim@lists.xmission.com=20 Sent: Sunday, November 25, 2001 4:58 PM Subject: [CANSLIM] LLUR Revisited We discussed LLURs a little while back and I have been further = pondering the pattern. I have a concern about the time frame quoted as being = necessary for pattern validity. Namely, 1 year of up and down oscillations. I = am very new to this pattern, however, from the few I have watched, I = would be a little scared of taking a position in a stock that has had that = pattern for a year. It seems those stocks that have traded in that pattern begin = to breakdown before a year has passed; as if the pattern 'wears out'. = Maybe, like the other chart patterns, this one doesn't form well or last long = in a weak market. Or maybe, if a stock doesn't trade in that pattern for = at least a year then it really isn't an LLUR? Does anyone have any good examples, current or old, of a few stocks = that traded in this pattern for a year? Any thoughts on my concern about the longevity of the pattern? Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0065_01C175E7.628A23C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Norm,
 
First, don't think of it as an "up and down = oscillations".=20 Rather think of it as the perfect "buy and hold" stock that slowly, = steadily,=20 and gradually with very low volatility moves up in price. Thus, the = steady angle=20 of the slope from lower left to upper right becomes the "flat base" and = the=20 entry point is determined (if you are trying to maximize profit) as the = moving=20 average line that forms the bottom of the trading range.
 
As for time duration, the ideal is one year, but = many good=20 LLUR patterns were likely buyable after six months or less. I wouldn't = consider=20 less than 3 or 4 months of a consistent pattern. The more volatility, = the longer=20 I would want the pattern. Remember that you are combining this pattern = with good=20 fundies and other solid CS elements as well, it's not just the pattern=20 alone.
 
I don't mention it every week, but when I do my WWW = list, I=20 only look at the past six months.
 
Altho I have never analyzed it, I would expect = longer LLUR=20 patterns when "M" is more favorable than right now.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Norman
To: canslim@lists.xmission.com =
Sent: Sunday, November 25, 2001 = 4:58=20 PM
Subject: [CANSLIM] LLUR = Revisited

We discussed LLURs a little while back and I have been = further=20 pondering the
pattern.  I have a concern about the time frame = quoted=20 as being necessary
for pattern validity.   Namely, 1 year = of up=20 and down oscillations.  I am
very new to this pattern, = however, from=20 the few I have watched, I would be a
little scared of taking a = position in=20 a stock that has had that pattern for
a year.  It seems those = stocks=20 that have traded in that pattern begin to
breakdown before a year = has=20 passed; as if the pattern 'wears out'.  Maybe,
like the other = chart=20 patterns, this one doesn't form well or last long in a
weak = market. =20 Or maybe, if a stock doesn't trade in that pattern for at
least a = year then=20 it really isn't an LLUR?

Does anyone have any good examples, = current or=20 old, of a few stocks that
traded in this pattern for a = year?

Any=20 thoughts on my concern about the longevity of the=20 pattern?

Norm


-
-To subscribe/unsubscribe, email = "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0065_01C175E7.628A23C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1848 ****************************** 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.