From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1858 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 Wednesday, November 28 2001 Volume 02 : Number 1858 In this issue: Re: [CANSLIM] DYII Re: [CANSLIM] DYII Re: [CANSLIM] DYII Re: [CANSLIM] Re: (CANSLIM) Things I Learned ---------------------------------------------------------------------- Date: Wed, 28 Nov 2001 07:35:51 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] DYII This is a multi-part message in MIME format. - ------=_NextPart_000_0029_01C177DF.4E62E180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't understand the comment, Norm. I thought I must be looking at the = wrong chart, had to go back and recheck the symbol to be sure we were = talking about the same company. Strong b/o on volume on Monday, when the market was flat. Followed thru with another new high, on 4X ADV, on Tuesday when the = market was down. Why assume the b/o is about to fall apart? It hasn't told you yet it = will do that, don't try to convince yourself that will happen, just = listen to what the chart tells you. I do note that market cap to sales ratio is high at 8, and against an = earnings growth forecast of only 19%. However, recent qtrs are showing = much better growth than 19% so don't know how good that number is. = Trailing PE also high at 33, but will decline on a projected PE basis. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Norman=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 28, 2001 7:25 AM Subject: [CANSLIM] DYII It is beginning to look like it may go the way of so many failed BOs = that we have seen this year. Any thoughts on the action yesterday or the = stock in general? I bot on the BO day before yesterday. 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_0029_01C177DF.4E62E180 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't understand the comment, Norm. I thought I = must be=20 looking at the wrong chart, had to go back and recheck the symbol to be = sure we=20 were talking about the same company.
 
Strong b/o on volume on Monday, when the market was=20 flat.
 
Followed thru with another new high, on 4X ADV, on = Tuesday=20 when the market was down.
 
Why assume the b/o is about to fall apart? It hasn't = told you=20 yet it will do that, don't try to convince yourself that will happen, = just=20 listen to what the chart tells you.
 
I do note that market cap to sales ratio is high at = 8, and=20 against an earnings growth forecast of only 19%. However, recent qtrs = are=20 showing much better growth than 19% so don't know how good that number = is.=20 Trailing PE also high at 33, but will decline on a projected PE=20 basis.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Norman
To: canslim@lists.xmission.com =
Sent: Wednesday, November 28, = 2001 7:25=20 AM
Subject: [CANSLIM] DYII

It is beginning to look like it may go the way of so = many=20 failed BOs that we
have seen this year.  Any thoughts on the = action=20 yesterday or the stock in
general? I bot on the BO day before=20 yesterday.

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_0029_01C177DF.4E62E180-- - - - -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: Wed, 28 Nov 2001 06:58:55 -0600 From: "Norman" Subject: Re: [CANSLIM] DYII This is a multi-part message in MIME format. - ------=_NextPart_000_0032_01C177DA.2558FF90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi tom, I am just a little paranoid these days (that doesn't mean they're not = out to get me, though). I didn't like how it dipped so low during the = day. I expected a little pull back but that looked like a failure for a = little while. Thanks for seeing the positive side and refreshing me on = why I liked it so much - fundies! Norm ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 28, 2001 6:35 AM Subject: Re: [CANSLIM] DYII I don't understand the comment, Norm. I thought I must be looking at = the wrong chart, had to go back and recheck the symbol to be sure we = were talking about the same company. Strong b/o on volume on Monday, when the market was flat. Followed thru with another new high, on 4X ADV, on Tuesday when the = market was down. Why assume the b/o is about to fall apart? It hasn't told you yet it = will do that, don't try to convince yourself that will happen, just = listen to what the chart tells you. I do note that market cap to sales ratio is high at 8, and against an = earnings growth forecast of only 19%. However, recent qtrs are showing = much better growth than 19% so don't know how good that number is. = Trailing PE also high at 33, but will decline on a projected PE basis. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Norman=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 28, 2001 7:25 AM Subject: [CANSLIM] DYII It is beginning to look like it may go the way of so many failed BOs = that we have seen this year. Any thoughts on the action yesterday or the = stock in general? I bot on the BO day before yesterday. 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_0032_01C177DA.2558FF90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi tom,
 
I am just a little paranoid these days (that doesn't mean they're = not out=20 to get me, though).  I didn't like how it dipped so low during the=20 day.  I expected a little pull back but that looked like a failure = for a=20 little while.  Thanks for seeing the positive side and refreshing = me on why=20 I liked it so much - fundies!
 
Norm
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Wednesday, November 28, = 2001 6:35=20 AM
Subject: Re: [CANSLIM] = DYII

I don't understand the comment, Norm. I thought I = must be=20 looking at the wrong chart, had to go back and recheck the symbol to = be sure=20 we were talking about the same company.
 
Strong b/o on volume on Monday, when the market = was=20 flat.
 
Followed thru with another new high, on 4X ADV, on = Tuesday=20 when the market was down.
 
Why assume the b/o is about to fall apart? It = hasn't told=20 you yet it will do that, don't try to convince yourself that will = happen, just=20 listen to what the chart tells you.
 
I do note that market cap to sales ratio is high = at 8, and=20 against an earnings growth forecast of only 19%. However, recent qtrs = are=20 showing much better growth than 19% so don't know how good that number = is.=20 Trailing PE also high at 33, but will decline on a projected PE=20 basis.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Norman
Sent: Wednesday, November 28, = 2001 7:25=20 AM
Subject: [CANSLIM] DYII

It is beginning to look like it may go the way of so = many=20 failed BOs that we
have seen this year.  Any thoughts on the = action=20 yesterday or the stock in
general? I bot on the BO day before=20 yesterday.

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_0032_01C177DA.2558FF90-- - - - -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: Wed, 28 Nov 2001 07:18:56 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] DYII I'd check the odds on DYII holding the B/O by looking at the group: HRC: KO'd LNCR: building rt side of cup, just barely above 50dMA, marginal RS DVA: making new P high w/o RS making new high AHG: struggling RCI: declining RS ULAB: declining P and <50dMA IMPH: ditto RHB: KO'd USPH: declining RS and P <50dMA OPTN: ditto DYII: hard reversal on volume 10/5 at $22.15 Odds IMHO? less than 5% Katherine - ----- Original Message ----- From: "Norman" To: Sent: Wednesday, November 28, 2001 6:25 AM Subject: [CANSLIM] DYII > It is beginning to look like it may go the way of so many failed BOs that we > have seen this year. Any thoughts on the action yesterday or the stock in > general? I bot on the BO day before yesterday. > > 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. - - - -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: Wed, 28 Nov 2001 07:34:20 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Re: (CANSLIM) Things I Learned This is a multi-part message in MIME format. - ------=_NextPart_000_0197_01C177DF.17946CA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable >>If you have two stocks with high RS, this is enough to satisfy the = Group RS. This was news to me, and doesn't make a lot of sense, either. Tom, Chris I have a slightly different perspective on this one. Often times, when a = group is composed of many members, you'll find that their business = models don't really "match." In this case, I always find the direct = competitors of the stock in question and look at its performance against = just these stocks. If these are moving up in tandem, it says something. = Also, my belief is different than WON's. I am always looking for = *rising* industries, not necessarily *top* industries. If a particular = stock is rising in a group that is not yet a "top" industry, it is very = often the strongest stock in the group. But, you want to be sure there = is some additional confirmation of the move. WON *does* say that you do = not want a lone wolf, you always want to see at least one additional = stock in the "group" moving up as well. And just to be complete, the = stocks should, of course have all the requisite fundamental = characteristics: accelerating sales & earnings, ROE>=3D17%, cash flow = closely mirroring EPS, an "N", sound financials, and sound strategic = planning and execution. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 28, 2001 6:25 AM Subject: Re: [CANSLIM] Re: (CANSLIM) Things I Learned Chris, I would also like to add my thanks for you spending your time = in effort in giving us this report. I found it informative and well = worth reading, as well as some new material. I have thrown in some = comments below. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Chris Mc=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 27, 2001 7:02 PM Subject: [CANSLIM] Re: (CANSLIM) Things I Learned Well - here goes - I hope Paul is right! I recently attended the IBD Seminar in L.A. and wanted to share a = few of my learnings with you. Please know that I am still in the = learning curve and just starting my second reading of HTMMIS so this is = my understanding of some of the comments and perhaps you can answer a = few questions for me. Asset allocation - 30-40% in this market, 3 to 4 stocks. WON = compared this market to a 75 mph freeway and it's now at 5 mph - slow = and tough. It's down so much, there's no base and we are gradually = coming off the bottom, but a slow process and sooner or later the = momentum will return. Doing what it should be doing. Hit bottom and = turned. Correcting for euphoria similar to the 1962 period which took = time to recover because it was damaged so seriously. Could be 3 - 6 - 9 = - - 18 months before we see patterns - coming out of the grave. Patience, = and time. I thought because of M we shouldn't be in the market at all but I = guess if you are confident in what you're doing, it's o.k. to break a = few rules?? It's not so much that you are breaking rules to be partially = invested at this point. While a switch from bear to bull was only = confirmed by the DOW 30 (only one to gain 20% from the low), "M" has = been much stronger since Sept 21. So limited investing is still within = CANSLIM guidelines. That also goes to the other comment of no pyramiding = up, buy it right, but don't add to the position (something I have been = violating in my VR Fund with some success, so personally don't agree = with this point). Small or large cap - Doesn't make any difference. Funds have = gotten bigger and bigger, and they have enormous buying power for big = cap stocks as well as small ones. The key thing is that, is the pattern = exactly right, are the earnings there, the market right, all the other = things. AOL was trading 7 Million shares a day, it was a big cap stock = and went up 400-500%. I think the difference still remains that is is = far easier for a small cap to show 20-50% or more earnings growth than = for a big cap. But the big cap gives you more stability and safety in = this kind of "M". Chart discussions of PECS, CYTC, EASI, L3 - straight off the = bottom, no pullback. These are the ones that are risky in this market = environment -they run too far, too fast. 2 out of 3 stocks like this = aren't making it. If you know enough about the company and you're = convinced everythings alright, maybe it'll work. Bigger cap stocks are a little bit safer and sounder because if = you're wrong, it's going to cost you more than 1 or 2 points.=20 Pivot - in this market, buy at the pivot. No pyramiding in this = market. OK to buy within 5% of pivot in a bull market. Have you heard this before or is this a "Revision"? I would say = it's a reflection of "M" and the number of failed breakouts. Take a = partial position and manage it. If you bought right, make a limited = amount of money. But if you pyramid, and it then fails, your follow on = buys will wipe out your success from the first buy. Charts - A lot of the charts don't seem to be working, a lot of = the breakouts seem to be failing. It's not that the charts are not = working, you're buying bad bases that are faulty and have something = wrong with them, they're incorrect bases. Handles can be looser and cups may be deeper coming out of a bear = market. Cups and handles should be porportional - small cup, small = handle. Big cup, longer handle. If it's not a C&H, not a double bottom, not a flat base, it's a = nothing. After you go through all the models, it has to fit or it's a = nothing. (My den is now wallpapered in Chart Patterns) There are very few sound bases - not there yet. Easy to get = sucked in - great story, great earnings, but we're in a tough market and = you can't play aggressively. AZO is an exception and one of the few = stocks that worked although extended now. Tom - do you think the pattern broke on EPIQ and do you see = anything that caused it to break or was it just a function of the = market? When you do the WWW, are you looking at Daily or Weekly charts? = Aside from the article in IBD, and the downgrade by AG Edwards, you can = add in that the company has been moving very fast with two stock splits = this year, plus registering 1.3 million restricted shares, plus having = options trading, plus another cash acquisition, plus up several hundred = percent for the year. The two stocks splits are worrying some investors = according to a board I visited on yahoo. Because of the added liquidity, = and likely now the options, short position is up 13% to 8.3 days. That = equates to better than 1.6 million shares, or 21% of the float. Of = course, that may have dropped a lot in the past week. The collapse on = 11/21 didn't quite break the pattern, and we saw a small recovery. But = yesterday's fall, which broke to the bottom of the short base at $30, = did end the breakout pattern and further weaken the chart. I am not = trying to buy just now, and would not be surprised by further price = deterioration, where I will buy because of my belief long term in the = business model. For WWW, I use Daily Charts and only look at the latest six = months. Fallen Angels - There were lots of chart discussions - CSCO, SUNW, = ORCL and it seemed alot of them were similar. No base, thick overhead = supply, no prior uptrend, have probably hit bottom but are they going to = be leaders again? Sooner or later they get into a big stalling thing, = they just don't do much for 3 - 4 - 5 months while something else is = moving better.=20 It seems every chart I look at has the same pattern. So we wait = for a base to form but while we're waiting, it's gone up 50-100%?? Not = that many have gone up that far, even from their recent lows. And = remember many are down as much as 90% from their high of the past 12-18 = months, so even a double from recent lows still leaves them a very long = way to go for a true new high. 9/11 - Caused a panic and a bad break in a lot of things and it = explains it but don't make an alibi for the stock and say it broke 20 = points but the reason was this, therefore it's o.k.? Is the pattern = right or not? Don't make excuses or alibis for stocks. If you don't have the C & A, you better have the N & L. (Isn't = this another mortal sin?) M counts for at least 50% of the whole = ballgame.=20 If you have two stocks with high RS, this is enough to satisfy the = Group RS. This was news to me, and doesn't make a lot of sense, either. Lots of revisions in next edition of HTMMIS - should be out in = January. (I suppose to some extent we learn of revisions as they = develop, i.e. buy within .10 of pivot and not .13 but I think it's good = there are some revisions as conditons change - ?) I thought the seminar was well organized, staff friendly and = welcoming. WON spoke for almost the entire session, except an hour in = the AM and an hour in the PM, had a group constantly surrounding him and = even took questions during lunch. It was such a terrific opportunity to = see and listen to WON and I would highly recommend the seminar to anyone = interested in the market, although they do call it "Advanced" and you = need to have some understanding of CANSLIM. They did not push IBD or = DGO, but merely explained the services offered and were very = accommodating in answering questions. =20 The seminar was extremely worthwhile for me but it seems the more = I learn, the more I have to learn. Did anyone else attend? Comments = appreciated. Chris Mc - ------=_NextPart_000_0197_01C177DF.17946CA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
>>If = you have two=20 stocks with high RS, this is enough to satisfy the Group RS. This was news to me, and doesn't make a lot of sense,=20 either.
 
Tom, Chris
 
I have a = slightly different=20 perspective on this one. Often times, when a group is composed of many = members,=20 you'll find that their business models don't really "match." In this = case, I=20 always find the direct competitors of the stock in question and look at = its=20 performance against just these stocks. If these are moving up in tandem, = it says=20 something. Also, my belief is different than WON's. I am always looking = for=20 *rising* industries, not necessarily *top* industries. If a particular = stock is=20 rising in a group that is not yet a "top" industry, it is very often the = strongest stock in the group.  But, you want to be sure there is = some=20 additional confirmation of the move. WON *does* say that you do not want = a lone=20 wolf, you always want to see at least one additional stock in the = "group" moving=20 up as well. And just to be complete, the stocks should, of course have = all the=20 requisite fundamental characteristics: accelerating sales & = earnings,=20 ROE>=3D17%, cash flow closely mirroring EPS, an "N", sound = financials, and=20 sound strategic planning and execution.
 
Katherine
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Wednesday, November 28, = 2001 6:25=20 AM
Subject: Re: [CANSLIM] Re: = (CANSLIM)=20 Things I Learned

Chris, I would also like to add my thanks for you = spending=20 your time in effort in giving us this report. I found it informative = and well=20 worth reading, as well as some new material. I have thrown in some = comments=20 below.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Chris Mc=20
Sent: Tuesday, November 27, = 2001 7:02=20 PM
Subject: [CANSLIM] Re: = (CANSLIM) Things=20 I Learned

 
Well - here goes - I hope Paul is=20 right!
 
I recently attended the IBD = Seminar in L.A.=20 and wanted to share a few of my learnings with you.  Please = know=20 that I am still in the learning curve and just starting my = second=20 reading of HTMMIS so this is my understanding of some of = the=20 comments and perhaps you can answer a few questions for me.
 
Asset=20 allocation - 30-40% in this market, = 3 to 4=20 stocks.  WON compared this market to a 75 mph freeway and = it's now at=20 5 mph - slow and tough.  It's down so much, there's no base = and we=20 are gradually coming off the bottom, but a slow process and sooner = or=20 later the momentum will return.  Doing what it should be = doing. =20 Hit bottom and turned.  Correcting for euphoria similar to = the 1962=20 period which took time to recover because it was damaged so=20 seriously.  Could be 3 - 6 - 9 - 18 months before we see = patterns -=20 coming out of the grave.  Patience, and time.
 
I thought because of M we = shouldn't be=20 in the market at all but I guess if you are confident in what = you're=20 doing, it's o.k. to break a few rules?? It's not=20 so much that you are breaking rules to be partially invested at = this=20 point. While a switch from bear to bull was only confirmed by the = DOW 30=20 (only one to gain 20% from the low), "M" has been much stronger = since Sept=20 21. So limited investing is still within CANSLIM guidelines. That = also=20 goes to the other comment of no pyramiding up, buy it right, but = don't add=20 to the position (something I have been violating in my VR Fund = with some=20 success, so personally don't agree with this point).
 
Small or large cap=20 - Doesn't make any difference.  Funds have = gotten=20 bigger and bigger, and they have enormous buying power for big cap = stocks=20 as well as small ones.  The key thing is that, is the pattern = exactly=20 right, are the earnings there, the market right, all the other=20 things.  AOL was trading 7 Million shares a day, it was = a big=20 cap stock and went up 400-500%. I = think the=20 difference still remains that is is far easier for a small cap to = show=20 20-50% or more earnings growth than for a big cap. But the big cap = gives=20 you more stability and safety in this kind of=20 "M".
 
Chart = discussions of=20 PECS, CYTC, EASI, L3 - straight off the bottom, no = pullback. These=20 are the ones that are risky in this market environment -they run = too far,=20 too fast.   2 out of 3 stocks like this aren't making = it. =20 If you know enough about the company and you're convinced = everythings=20 alright, maybe it'll work.
 
Bigger cap stocks are a little = bit safer=20 and sounder because if you're wrong, it's going to cost you = more than=20 1 or 2 points. 
 
Pivot - in = this market,=20 buy at the pivot.  No pyramiding in this market.  OK to = buy=20 within 5% of pivot in a bull market.
 
Have you heard this before or = is this a=20 "Revision"? I would say it's a = reflection of "M"=20 and the number of failed breakouts. Take a partial position and = manage it.=20 If you bought right, make a limited amount of money. But if you = pyramid,=20 and it then fails, your follow on buys will wipe out your success = from the=20 first buy.
 
Charts - A lot = of the charts=20 don't seem to be working, a lot of the breakouts seem to be=20 failing.  It's not that the charts are not working, you're = buying bad=20 bases that are faulty and have something wrong with them, they're=20 incorrect bases.
Handles can be looser and cups = may be deeper=20 coming out of a bear market.  Cups and handles should be = porportional=20 - small cup, small handle.  Big cup, longer = handle.
If it's not a C&H, not a = double bottom,=20 not a flat base, it's a nothing.  After you go through all = the=20 models,  it has to fit or it's a nothing.  (My den is = now=20 wallpapered in Chart Patterns)
There are very few sound bases - = not there=20 yet.  Easy to get sucked in - great story, great = earnings, but=20 we're in a tough market and you can't play aggressively.  AZO = is an=20 exception and one of the few stocks that worked although extended=20 now.
 
Tom - do you think the = pattern broke on=20 EPIQ and do you see anything that caused it to break or was it = just a=20 function of the market?  When you do the WWW, are you looking = at=20 Daily or Weekly charts? Aside from the = article in=20 IBD, and the downgrade by AG Edwards, you can add in that the = company has=20 been moving very fast with two stock splits this year, plus = registering=20 1.3 million restricted shares, plus having options trading, plus = another=20 cash acquisition, plus up several hundred percent for the year. = The two=20 stocks splits are worrying some investors according to a board I = visited=20 on yahoo. Because of the added liquidity, and likely now the = options,=20 short position is up 13% to 8.3 days. That equates to better than = 1.6=20 million shares, or 21% of the float.  Of course, that may = have=20 dropped a lot in the past week. The collapse on 11/21 didn't quite = break=20 the pattern, and we saw a small recovery. But yesterday's fall, = which=20 broke to the bottom of the short base at $30, did end the breakout = pattern=20 and further weaken the chart. I am not trying to buy just now, and = would=20 not be surprised by further price deterioration, where I will buy = because=20 of my belief long term in the business model.
 
For WWW, I use Daily Charts = and only look=20 at the latest six months.
 
Fallen Angels - = There were=20 lots of chart discussions - CSCO, SUNW, ORCL and it seemed alot of = them=20 were similar.  No base, thick overhead supply, no prior = uptrend, have=20 probably hit bottom but are they going to be leaders = again?  =20 Sooner or later they get into a big stalling thing, they just = don't do=20 much for 3 - 4 - 5 months while something else is moving=20 better. 
 
It seems every chart I look = at has the=20 same pattern.  So we wait for a base to form but while we're = waiting,=20 it's gone up 50-100%?? Not that many = have gone up=20 that far, even from their recent lows. And remember many are down = as much=20 as 90% from their high of the past 12-18 months, so even a double = from=20 recent lows still leaves them a very long way to go for a true new = high.
 
9/11 - Caused a = panic=20 and a bad break in a lot of things and it explains it=20 but don't make an alibi for the stock and say it broke = 20 points=20 but the reason was this, therefore it's o.k.?  Is the pattern = right=20 or not?  Don't make excuses or alibis for=20 stocks.
 
If you don't have the C & A, = you better=20 have the N & L.  (Isn't this another mortal = sin?) =20 M counts for at least 50% of the whole = ballgame. 
 
If you have two stocks with high = RS, this is=20 enough to satisfy the Group RS. This was = news to me,=20 and doesn't make a lot of sense, either.
 
Lots of revisions in next edition = of HTMMIS -=20 should be out in January.  (I suppose to some extent we = learn of=20 revisions as they develop, i.e. buy within .10 of pivot and not = .13 but I=20 think it's good there are some revisions as conditons change = - -=20 ?)
 
I thought the seminar was well = organized,=20 staff friendly and welcoming.  WON spoke for almost the = entire=20 session, except an hour in the AM and an hour in the PM, had = a group=20 constantly surrounding him and even took questions during = lunch.  It=20 was such a terrific opportunity to see and listen to WON and = I would=20 highly recommend the seminar to anyone interested in the market, = although=20 they do call it "Advanced" and you need to have some understanding = of CANSLIM.   They did not push IBD or DGO, = but merely=20 explained the services offered and were very accommodating in = answering=20 questions. 
 
The seminar was extremely = worthwhile for=20 me but it seems the more I learn, the more I have to=20 learn.  Did anyone else attend?  Comments=20 appreciated.
 
Chris Mc
 
- ------=_NextPart_000_0197_01C177DF.17946CA0-- - - - -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 #1858 ****************************** 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.