From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #196 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 Sunday, April 19 1998 Volume 02 : Number 196 In this issue: Re: [CANSLIM] NEWBIE question follows... base pattern <> 80+RS ???? Re: [CANSLIM] Opening a can or worms Re: [CANSLIM] Opening a can or worms Re: [CANSLIM] Opening a can or worms Re: [CANSLIM] Re. 3/7/10 EMA Re: [CANSLIM] Timeliness Interpretation RE: [CANSLIM] My watch list Re: [CANSLIM] Re. 3/7/10 EMA Re: [CANSLIM] NEWBIE question follows... base pattern <> 80+RS ???? [CANSLIM] Quotes Plus Re: [CANSLIM] Quotes Plus Re: [CANSLIM] Quotes Plus Re: [CANSLIM] Timeliness Interpretation RE: [CANSLIM] BELF [CANSLIM] Resource I found Re: [CANSLIM] Resource I found Re: [CANSLIM] Timeliness Interpretation Re: [CANSLIM] Resource I found Re: [CANSLIM] BELF Re: [CANSLIM] BELF Re: [CANSLIM] NEWBIE question follows... base pattern <> 80+RS ???? ---------------------------------------------------------------------- Date: Sat, 18 Apr 1998 19:51:47 -0700 From: Tim Fisher Subject: Re: [CANSLIM] NEWBIE question follows... base pattern <> 80+RS ???? I did not say that SFSK had a cup. You asked about volume dry-out in the handle area and I pointed out examples of bases forming with volume dry-up and trading range shrinkage. IMHO, none of the stocks I mentioned have formed a cup yet, let alone a handle. At 09:39 PM 4/18/98 -0500, you wrote: >Tim - when you look at a chart, what price do you use? Is it the closing >price or the median/average for the day? When I look at the closing prices >for SFSK, I don't see a cup being formed. Maybe the BC display differs from >DG. Price has gone down since 4/3/98 from a closing high of approx. 43 to >35 on 4/17. Volume has indeed dryed up from an ADV 600K to 164K on Friday. > >On the others, I do see a cup of sorts and will track them to see what they >do next week. > >Thanks for the help, > >Bill-->> >------------------------------------------ > >At 5:22 PM -0700 4/18/98, Tim Fisher wrote: >>Not CANSLIM but McDonald's entered a volume dry-up going sideways pattern >>last week. SFSK is CANSLIM and is doing the same, RXSD as well, although >>it's previous base looks better from a volume standpoint. CXP is an >>excellent example of where volume totally dies during a base. I also like to >>see the daily trading range shrivel up to nothing, ala MCD and CXP. >> >>At 01:39 PM 4/18/98 -0500, you wrote: >>>Thanks - I guess I need to look up the definition of 'handle.' This would >>>infer that the price is going up while volume is going down. Do you have >>>any recent examples of this phenomenon? Need to see it to really understand >>>the concept. >>> >>>Bill-->> 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: Sat, 18 Apr 1998 19:51:51 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Opening a can or worms IMHO the funds are too far into it if they have 36% of the float. I'd take 18% over 36% if all other numbers were similar. At 04:09 PM 4/18/98 -1000, you wrote: > >As you say, internet investing is not CANSLIM in any shape or form. I >believe investing in the internets is a gamble..I chose to take this gamble >because I can't believe the future will be without extensive internet >Personally, I like lycos over the others because 1)it is at least on the >brink of making some money ,2) it is not as extended as Yahoo, 3) Most >importantly, it has 36% institutional sponsorship compared with <18% for any >of the others. IMO If the funds are backing it more it is more likely to >survive. >Frank >-----Original Message----- >From: hoseco7@concentric.net >To: canslim@lists.xmission.com >Date: Saturday, April 18, 1998 3:28 PM >Subject: [CANSLIM] Opening a can or worms > > >> >>I know this is not canslim so forgive me. >>But I want to get the groups opinion on Internet stocks. >>What do yall think about SEEK. >>Is it going to go the way of yahoo and excite ? >>Or is the whole internet thing a hype or what ?? >>Are any of you folks already in these stocks . >>or at least thinking about it. >> >> David >> >> >>- >> >> > > >- > > > 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: Sat, 18 Apr 1998 23:09:55 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Opening a can or worms If I had purchased any of the group while they were IPO's or even young pups, I would certainly be taking profits at this point. I agree with other comments that the Internet is young and will flourish, however the group is moving entirely on speculative assumptions of future earnings. These may prove to be true, and also false. However neither you or I can discern which it will be! I think doesn't have a place in my portfolio. I know does however! These are the Navigation Hubs of the Net. Are their services unique or new? One of a kind? Can they lock out competition? Do your homework, and that does not mean getting stary eyed from the charts of the Internet group. Last year they all had dismal years! My experience has been less than rewarding on speculative continuations. IMO, the run in the stocks could have almost been predicted by some of the more experienced traders. Market overvalued, lots of public in the market, plenty of buyers in other words, also plenty of stary eyed news to spread and rumors to toss out true or not about the group. Next they'll have Yahoo bailing Bill Gates out of trouble! Or investing in Apple! Almost anything could be believed about the companies. Where was I reading that Yahoo has the same market capitalization as CBS? Can't remember. Many investors/traders/speculators use the following rule for selling complete positions. If the price is twice the 200 day moving average and 50% of the 50 day moving average away from the 50 day MOV, sell it all. It is not a hard fast rule and I'm sure you can find charts that defy the rule! However it is interesting to note that enough know about it to bring them to the sell side when the target is reached. It should offer at a minimum, hesitation when considering taking a position. Just my take, my two cents, Please ignore it, after all I am often wrong! Frank Wolynski At 21:26 4/18/98 -0700, hoseco7@concentric.net wrote: > >I know this is not canslim so forgive me. >But I want to get the groups opinion on Internet stocks. >What do yall think about SEEK. >Is it going to go the way of yahoo and excite ? >Or is the whole internet thing a hype or what ?? >Are any of you folks already in these stocks . >or at least thinking about it. > > David > - - ------------------------------ Date: Sat, 18 Apr 1998 22:18:43 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Opening a can or worms This is a multi-part message in MIME format. - ------=_NextPart_000_0022_01BD6B17.F2EBC740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable have been in MSPG since July 97, owned AOL from July 97 till about two = months ago, in and out of PSIX a few times. recently bought a small = position in YHOO, and still hold a position in CMGI. My only thoughts are if you have to own these internet stocks, don't let = them get to be much of a percentage of your portfolio, and be prepared = to ride some waves. They often move 10% easily in a day, up or down. Its = hard to buy off a base but they do make small bases occasionally and if = you put in a lowball buy limit at a time when they are down a bit, or in = a small base you often will get filled at a good price. Good price being = a relative term. I still hold to my 7% loss and get out rule, but if I can get ahead some = I then move a trailing hard sell stop up with it, at 15 to 25% below = current price, depending how far up I am, and take my chances. This from a man who lost more money in DELL than any other stock I ever = bought, I've gotten a little smarter since then, but remember take it for what its worth, this is don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_0022_01BD6B17.F2EBC740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
have been in MSPG since July 97, owned AOL from July 97 till about = two=20 months ago,  in and out of PSIX a few times. recently bought a = small=20 position in YHOO, and still hold a position in CMGI.
My only thoughts are if you have to own these internet stocks, = don't let=20 them get to be much of a percentage of your portfolio, and be prepared = to ride=20 some waves. They often move 10% easily in a day, up or down. Its hard to = buy off=20 a base but they do make small bases occasionally and if you put in a = lowball buy=20 limit at a time when they are down a bit, or in a small base you often = will get=20 filled at a good price. Good price being a relative term.
I still hold to my 7% loss and get out rule, but if I can get ahead = some I=20 then move a trailing hard sell stop up with it, at 15 to 25% below = current=20 price, depending how far up I am, and take my chances.
This from a man who lost more money in DELL than any other stock I = ever=20 bought, I've gotten a little smarter since then,
but remember take it for what its worth, this is
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_0022_01BD6B17.F2EBC740-- - - ------------------------------ Date: Sat, 18 Apr 1998 20:53:42 -0700 From: Talib Hirji Subject: Re: [CANSLIM] Re. 3/7/10 EMA Connie, Based on what you are trying to teach, I have selected some stocks from this week's strong groups like Wholesale Building products, Consumer Electronics and Financial. The stock uner scrutiny are: EKT, HDL, HUG, ADVNA, FDC, MEDA, RCMT Can you give your input on these on Daily Chart for positive divergance of MF & OBV, 3/7/10 Timing Indicator and confirmation from Stochastics and MACD. This will help me reinforce my learning process. Thank You, Talib At 01:49 PM 4/17/98 -0400, you wrote: >Talib-- > >You have understood correctly about the rising of the OBV/MF against a >falling price. > >This indicator is just a filter. The 3/7/10 EMA is the timing indicator >for the buy/sell of those stocks having met the OBV/MF criteria. > >The MACD and Fast/Slow Stochastics are confirming indicators. > >Connie Mack > > > >Talib Hirji wrote: > >> Thank You Connie, >> >> You Interpreted my message correctly. >> >> Concerning your looking for positive divergance on OBV & MF, I am not >> sure >> I understand corectly. By positive divergance do you mean that OBV & >> MF >> should be Rising with prices falling, in which case 3/7/10 criteria >> would >> not be satisfied. >> >> Can you eloborate more on Positive Divergance as you would like to see >> ? >> >> Thank You, >> >> Talib >> >> At 11:40 AM 4/17/98 -0400, you wrote: >> >Morning Talib-- >> > >> >I read the positions of the 3/7/10 EMA just as you do. Same with the >> >> >OBV and MF. >> > >> >I'm not sure what you mean by "This means it complies with your first >> >> >requirement." If you mean that the passing of the 7-day EMA through >> the >> >10 is the requirement for the most conservative buy, then you are >> right. >> > >> >The least conservative [therefore, the most aggressive] would have >> been >> >the passing of the 3-line through the 7. The next most aggressive >> buy >> >would be the passing of the 7-line through the 10. >> > >> >There are, then, three buy signals: [1] 3-line through the 7; [2] >> >3-line through the 10; [3] and the 7-line through the 10. Sell >> signals >> >would call for the reverse. To see the acuity among the three lines, >> >> >you may need to look at one of the intraday charts. It is not >> uncommon >> >in a volatile stock to have the 3-line and 7-line pass almost >> >simultaneously through the 10. >> > >> >By my OBV/MF criteria, the stock would not have been a buy. It is a >> >strong stock, which is to say that the OBV and MF track the price, >> but >> >neither of the indicators shows a positive divergence. Always, there >> >> >must be a positive divergence in both the OBV and the MF to signal a >> >buy. >> > >> >Thank you for the mail. >> > >> >Connie Mack >> > >> > >> > >> > >> >Talib Hirji wrote: >> > >> >> Connie, I am trying to learn your strategy and I have looked a >> random >> >> stock >> >> "THDO". >> >> >> >> On Daily chart of 4/8/98 as I see, its 3 line is above 7 & 10 line; >> >> >> and 7 >> >> line is above its 10 line. >> >> This means it complies with your first requirement. >> >> >> >> Second I see MF & OBV rising. >> >> >> >> Just to understand the proper interpretation of your Strategy Would >> >> >> you >> >> consider this a buy candidate on 4/8/97. >> >> >> >> Your Educative response would be appreciated. >> >> >> >> Thank You, >> >> >> >> Talib >> >> >> >> At 02:49 PM 4/16/98 -0400, you wrote: >> >> >Jans-- >> >> > >> >> >You're right on with the EMA. >> >> > >> >> >Must be careful not to refine out the significance the use of the >> >> >> >3/7/10 EMA. I.e., the first buy signal and, therefore, the most >> >> >sensitive, is the passing of the 3-line through the 7. The next >> >> signal >> >> >would be the passing of the 3-line through the 10. Finally, and >> the >> >> >least sensitive, would be he passing of the 7-line through the 10. >> >> >> > >> >> >I have found that my strongly restrictive use of OBV/MF permits me >> to >> >> >> >> >feel fairly safe by acting on the first buy given by the 3/710. >> The >> >> >Canslimer might wish for the 3-line or the 7-line to pass through >> the >> >> >> >> >10-line before acting. >> >> > >> >> >Remember that the 3/7/10 EMA is pretty darn fast and can jerk you >> >> >around. The Canslimer might find a 5/10/15 or 5/10/20 more >> amenable. >> >> >> >> >The stock beta might give a hint about which buy signal to act on. >> >> >> The >> >> >higher the beta, the faster the buy [and sell] signals will occur. >> >> >> > >> >> >Let me know if I've left something unanswered. >> >> > >> >> >Thanks for the mail. >> >> > >> >> >Connie Mack >> >> > >> >> > >> >> > >> >> > >> >> >JANSI1AUG1 wrote: >> >> > >> >> >> Connie, >> >> >> >> >> >> I've wondered this before, but I mention the question today >> >> >> >> because your >> >> >> recent analysis of getting into the cup or handle BEFORE the >> >> breakout >> >> >> is >> >> >> interesting. Your decision to enter seems based on the >> penetration >> >> of >> >> >> the >> >> >> 3/7/10 EMA (whenever the stock is in the proper C&H chart >> >> formation). >> >> >> >> >> >> My question is what is "EMA"? Is that an Exponential >> Moving >> >> >> Average? >> >> >> And does that mean that you use 3 periodicities of them, viz., >> the >> >> >> 3,7,10? >> >> >> (Also, what penetration are you looking at: The daily through >> the >> >> 3, >> >> >> the 3 >> >> >> through the 7, the 7 through the 10, etc.? Which >> >> >> penetration-permutation >> >> >> seems significant to you?) >> >> >> >> >> >> >> jans >> >> >> >> >> >> >> >> - >> >> > >> >> > >> >> > >> >> > >> >> > >> >> >- >> >> > >> >> > >> >> >> >> - >> > >> > >> > >> > >> > >> >- >> > >> > >> >> - > > > > >- > > - - ------------------------------ Date: Sun, 19 Apr 1998 00:53:26 EDT From: DCSquires Subject: Re: [CANSLIM] Timeliness Interpretation In a message dated 98-04-18 19:48:56 EDT, you write: << The IBD 6000 A/D changes daily and this got me to doodling with a spreadsheet of the data. I'm pretty handy with a spreadsheet and before I know it, I had ratio's to totals of the various rankings all colored for direction and graphed. It turns out to be a pretty good divergence indicator for turns in the overall market. Kinda like an advance/decline line but using only the 5 A/D groups of A-E. >> Ian Woodward of Telescan covers this "indicator" in depth on AOL's telescan board. Anyone with access to AOL should read Ian's corner regularly. This indicator is seems to be worth following. DSquires - - ------------------------------ Date: Sun, 19 Apr 1998 13:04:40 +0200 From: "Alex Herrmann" Subject: RE: [CANSLIM] My watch list Hi John, interesting list and a couple weeks ago I stumbled on this piece of news from investools on belf... Undervalued 3Com Supplier Set To Shine In 1999 (BELF) Friday, March 27, 1998 "Bel-Fuse's (BELF) opportunity to see significant demand from its ADSL (Asymmetric Digital Subscriber Line) products is tremendous," Jonathan Steinberg says about the electronic components supplier. "Jupiter Communications, a research company, forecasts that ADSL technology will provide fast- access Internet services to 3.4 million homes by 2002. This means that 1999 could be an excellent year for Bel-Fuse as it ramps up production of ADSL products. The tail end of 1998 could be significant as well." But the real story remains Bel-Fuse's valuation. As Steinberg noted in his March issue, when he first recommended the stock: "not many technology companies grow at 15% to 20% a year and trade at seven times 1997 EBITDA (Earnings Before Interest Taxes Depreciation Amortization, otherwise known as cash flow). The company also trades at 1.15 times its 1997 sales, 13 times its 1997 earnings and 11.6 times (the newsletter's) very conservative estimate for fiscal 1998 of $2.00 per share." In his April issue, Steinberg reiterates his buy recommendation with a price target of $30 per share, or 15 times its fiscal 1998 estimate. For more on Jonathan Steinberg's recommendation see "Bel-Fuse," April 1998, Individual Investor's Special Situations Report. Jonathan Steinberg provides one undervalued stock per month poised for substantial growth and profit. bye, Alexander Herrmann eMail: alex@who.net > -----Original Message----- > From: John Nogueira (mssm2000) > To: canslim@lists.xmission.com > Date: Friday, April 17, 1998 12:54 AM > Subject: [CANSLIM] My watch list > > > >Only the following factors were considered in making this CANSLIM > watch > >list: > > > >EPS, RS, Chart, Shares > > > >Symbol EPS RS Chart Avg. Vol. Pivot? > >------ --- -- ----- --------- ------ > >mtxc 96 97 Tight Base 24,700 $28 > >astx 99 86 Base (cup w/handle?) 110,600 $17 > >belf 97 93 Short Base 40,700 $27 1/2 > >nsit 97 87 Long Base 49,700 $43 > >fdpc 96 86 Short Base 17,000 $13 7/8 > >grdg 95 93 Short Base 135,200 $22 1/2 > > > >Should any breakouts occur, please do your homework before > purchasing. > >Also note that my readings of the pivot points may differ from yours. - - ------------------------------ Date: Sun, 19 Apr 1998 08:36:08 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re. 3/7/10 EMA Talib-- Arbitrarily, and for no particular reason, I have MoneyFlow in my lower window when I start my scan. I don't look any further if there is no positive divergence there. EKT: No positive divergence [PD]. HDL: Positive divergence on OBV/MF. MACD hint of turning up. Stochastic buy on Tuesday or Wednesday. EMA buy on Wednesday. HUG: No PD. ADVNA: No PD. FDC: No PD. MEDA: Only marginal PD from mid-March through April on MF. OBV for same period has PD. EMA will probably give buy on Monday on uptick. Stoc. is weak buy. MACD still negative. REMT: OVB/MF has PD for April. Stoc. is negative from high level. MACD negative. EMA ready to give sell. Thanks for the mail. Connie Mack Talib Hirji wrote: > Connie, > > Based on what you are trying to teach, I have selected some stocks > from > this week's strong groups like Wholesale Building products, Consumer > Electronics and Financial. > > The stock uner scrutiny are: > > EKT, HDL, HUG, ADVNA, FDC, MEDA, RCMT > > Can you give your input on these on Daily Chart for positive > divergance of > MF & OBV, 3/7/10 Timing Indicator and confirmation from Stochastics > and MACD. > > This will help me reinforce my learning process. > > Thank You, > > Talib - - ------------------------------ Date: Sun, 19 Apr 1998 08:49:38 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] NEWBIE question follows... base pattern <> 80+RS ???? Suggests you are running out of sellers. This is esp true if a stock is basing at or very close (within several percentage points) to its 12 month high. One lesson I learned in the business is that, on any given day, there will always be sellers of a stock for reasons having nothing to do with the stock itself. Maybe they just totalled the family car the day before and gotta go buy a new one. Maybe college tuition is due the next week, or qtrly taxes have to be paid. Maybe they got burned on some other stocks and decided they will sell everything and buy bonds, or mutual funds. But the reality is that there will always be sellers. Add to this "background" level of selling the normal profit taking that occurs when a stock has moved up measurably. So when a stock hits new highs, you have the "background" selling, the "old" holders that maybe had the stock go against them and waited a long time to get back positive, and the short term players simply trading the stock. Against all this selling, you need enough buying to either move the stock higher or base it out at the high. If a stock that has moved up steadily (take EDAC for example) finally starts moving sideways, then the longer it takes for it to again move higher, the more likely the traders are to take profits. If there is still sufficient buying to offset this selliing, until finally everyone is out of the stock except for the long term holders, and the selling amounts to little more than the "background", then all it takes for a further breakout is addl buying pressure. This can occur simply from technical grounds, as a result of news, or by the stock starting to hit a slightly greater high (which may even trigger some short covering buying). Tom W - -----Original Message----- From: Bill To: canslim@lists.xmission.com Date: Saturday, April 18, 1998 12:34 PM Subject: Re: [CANSLIM] NEWBIE question follows... base pattern <> 80+RS ???? >Tom, can you please explain why 'volume drying up' is a positive breakout >signal? > >Thanks, Bill-->> > >------------------------------------------ > >At 8:20 AM -0400 4/18/98, Tom Worley wrote: > >>I see very few with a WON definition of a >>solid base (e.g. 6 to 8 weeks long, tight trading range, volume drying >>up hopefully, near a new high, etc). > > > >- > - - ------------------------------ Date: Sun, 19 Apr 1998 07:40:59 -0500 From: "Michael Doroshenko" Subject: [CANSLIM] Quotes Plus Hello Group: I lost the URL for Quotes Plus and was wondering if someone had it and could give it to me. I want to check them out to see what they have to offer. Thank you. Mike. - - ------------------------------ Date: Sun, 19 Apr 1998 08:09:43 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Quotes Plus This is a multi-part message in MIME format. - ------=_NextPart_000_0012_01BD6B6A.82B446C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable You'll need plenty of computer to run, has a nasty habit of crashing = puters. Check the thread at silicon investor at, http://www.techstocks.com/~wsapi/investor/Subject-9637 quotes plus site, http://www.quotes-plus.com/ don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_0012_01BD6B6A.82B446C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
You'll need plenty of computer to run, has a = nasty=20 habit of crashing puters. Check the thread at silicon investor = at,
http://ww= w.techstocks.com/~wsapi/investor/Subject-9637
 
quotes plus site,
http://www.quotes-plus.com/
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_0012_01BD6B6A.82B446C0-- - - ------------------------------ Date: Sun, 19 Apr 1998 08:17:16 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Quotes Plus This is a multi-part message in MIME format. - ------=_NextPart_000_001A_01BD6B6B.909071A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable was thinking about PC Quotes and talking about Quotes Plus when I = replied about that crashing problem. Use the links and ignore the commentary. told ya, don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_001A_01BD6B6B.909071A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
was thinking about PC Quotes and talking = about Quotes=20 Plus when I replied about that crashing problem.
 
Use the links and ignore the commentary.
 
told ya,
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_001A_01BD6B6B.909071A0-- - - ------------------------------ Date: Sun, 19 Apr 1998 09:11:19 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Timeliness Interpretation Accumulation/distribution is also a proprietary rating using daily vol, price movement and direction in the price. I consider both A/D and Timeliness to be lagging indicators, with A/D more timely in that regard. The best rating for this is the up/down ratio, which is numerical and updated daily. Since it is a simple ratio, it can be found on many sites, altho WON uses the past 50 days, throwing out any day where the price was unchanged. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com ; canslim@lists.xmission.com Date: Saturday, April 18, 1998 7:22 PM Subject: Re: [CANSLIM] Timeliness Interpretation >One more question, this time about IBD's (WON's), use of accumulation / >distribution codes A/B/C/D/E. I'm betting proprietary as before. Is this a >more timely indicator of current and prior action? Not indicating potential >performance but rather more following some conditions of technical a/d or >OBV/Money Flow. > - - ------------------------------ Date: Sun, 19 Apr 1998 07:09:31 -0700 From: Tim Fisher Subject: RE: [CANSLIM] BELF From the viewpoint of a computerhead who follows the hype about ISDN, ADSL, etc. regularly, I would take anyone's projections of ADSL use in this country and throw them right into the shredder. ADSL has an installed base of almost ZERO users at the current time, ISDN has a few tens of thousands, and 56k modems number in the hundreds of thousands. Plus, cable modem services are spring up like weeds in a cornfield in the past few months. If I had to pick one technology that was dead before it left the nest, I'd pick ADSL. IMHO. At 01:04 PM 4/19/98 +0200, you wrote: >Hi John, > >interesting list and a couple weeks ago I stumbled on this piece of news >from investools on belf... > >Undervalued 3Com Supplier Set To Shine In 1999 (BELF) >Friday, March 27, 1998 > >"Bel-Fuse's (BELF) opportunity to see significant demand >from its ADSL (Asymmetric Digital Subscriber Line) products >is tremendous," Jonathan Steinberg says about the electronic >components supplier. "Jupiter Communications, a research >company, forecasts that ADSL technology will provide fast- >access Internet services to 3.4 million homes by 2002. This >means that 1999 could be an excellent year for Bel-Fuse as >it ramps up production of ADSL products. The tail end of >1998 could be significant as well." > >But the real story remains Bel-Fuse's valuation. As >Steinberg noted in his March issue, when he first >recommended the stock: "not many technology companies grow >at 15% to 20% a year and trade at seven times 1997 EBITDA >(Earnings Before Interest Taxes Depreciation Amortization, >otherwise known as cash flow). The company also trades at >1.15 times its 1997 sales, 13 times its 1997 earnings and >11.6 times (the newsletter's) very conservative estimate for >fiscal 1998 of $2.00 per share." > >In his April issue, Steinberg reiterates his buy >recommendation with a price target of $30 per share, or 15 >times its fiscal 1998 estimate. > >For more on Jonathan Steinberg's recommendation see >"Bel-Fuse," April 1998, Individual Investor's Special >Situations Report. Jonathan Steinberg provides one >undervalued stock per month poised for substantial growth >and profit. > >bye, >Alexander Herrmann eMail: alex@who.net > >> -----Original Message----- >> From: John Nogueira (mssm2000) >> To: canslim@lists.xmission.com >> Date: Friday, April 17, 1998 12:54 AM >> Subject: [CANSLIM] My watch list >> >> >> >Only the following factors were considered in making this CANSLIM >> watch >> >list: >> > >> >EPS, RS, Chart, Shares >> > >> >Symbol EPS RS Chart Avg. Vol. Pivot? >> >------ --- -- ----- --------- ------ >> >mtxc 96 97 Tight Base 24,700 $28 >> >astx 99 86 Base (cup w/handle?) 110,600 $17 >> >belf 97 93 Short Base 40,700 $27 1/2 >> >nsit 97 87 Long Base 49,700 $43 >> >fdpc 96 86 Short Base 17,000 $13 7/8 >> >grdg 95 93 Short Base 135,200 $22 1/2 >> > >> >Should any breakouts occur, please do your homework before >> purchasing. >> >Also note that my readings of the pivot points may differ from yours. > 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: Sun, 19 Apr 1998 10:04:37 -0400 From: "Tom Worley" Subject: [CANSLIM] Resource I found Members, In trying to account for the big move in a non-CANSLIM stock I own (MSON) on Friday (was up as much as 30%, closed up over 20% on heavy volume) I discovered a resource that can sometimes help (or further confuse). At http://quote.yahoo.com, you can enter a stock symbol, then change the "type" from Basic to Detailed. When the quote comes up, you can click on the "Msgs" just above the quotation box, and go to a bulletin board at Yahoo for that stock. Didn't realize they have so many, tried about 4 or 5 stocks and there was one for each. Needless to say, this is not CANSLIM, and probably not even good due diligence, but since I refuse to pay Silicon Investor's obscene fee, at least it gives me a chance to see what others are speculating about a stock. It could also prove to be a way of avoiding a stock that is being "talked" up. I intend to try and use it prior to any fresh buy as one further check on my judgement. Tom W - - ------------------------------ Date: Sun, 19 Apr 1998 07:18:19 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Resource I found Yeah, known about this for a while. Take everything there with a grain of salt, they usually know no more than you and are just speculating away. Sometimes someone knows something and posts it. Most times, not. At 10:04 AM 4/19/98 -0400, you wrote: >Members, >In trying to account for the big move in a non-CANSLIM stock I own >(MSON) on Friday (was up as much as 30%, closed up over 20% on heavy >volume) I discovered a resource that can sometimes help (or further >confuse). At http://quote.yahoo.com, you can enter a stock symbol, >then change the "type" from Basic to Detailed. When the quote comes >up, you can click on the "Msgs" just above the quotation box, and go >to a bulletin board at Yahoo for that stock. Didn't realize they have >so many, tried about 4 or 5 stocks and there was one for each. > >Needless to say, this is not CANSLIM, and probably not even good due >diligence, but since I refuse to pay Silicon Investor's obscene fee, >at least it gives me a chance to see what others are speculating about >a stock. It could also prove to be a way of avoiding a stock that is >being "talked" up. I intend to try and use it prior to any fresh buy >as one further check on my judgement. > >Tom W > 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: Sun, 19 Apr 1998 10:18:35 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Timeliness Interpretation Searched & read all the messages in the Telescan area, couldn't find it. Couldn't find Ian Woodward listed in TAC (Top Advisors Corner) either. Was it old enough to have been expired from the message queues? Couldn't find Ian's corner listed anywhere. Thanks anyway, Frank Wolynski At 00:53 4/19/98 EDT, DCSquires wrote: >In a message dated 98-04-18 19:48:56 EDT, you write: > ><< The IBD 6000 A/D changes daily and this got me to doodling with a > spreadsheet of the data. I'm pretty handy with a spreadsheet and before I > know it, I had ratio's to totals of the various rankings all colored for > direction and graphed. It turns out to be a pretty good divergence > indicator for turns in the overall market. Kinda like an advance/decline > line but using only the 5 A/D groups of A-E. >> > >Ian Woodward of Telescan covers this "indicator" in depth on AOL's telescan >board. Anyone with access to AOL should read Ian's corner regularly. This >indicator is seems to be worth following. > >DSquires > >- > > - - ------------------------------ Date: Sun, 19 Apr 1998 10:24:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Resource I found I agree, like most of the stuff I have seen in the past at SI, it's idle and uninformed speculation, if not downright touting (or shorts trying to slam) but I still like to know what is being said to account for a big movement. Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 10:15 AM Subject: Re: [CANSLIM] Resource I found >Yeah, known about this for a while. Take everything there with a grain of >salt, they usually know no more than you and are just speculating away. >Sometimes someone knows something and posts it. Most times, not. > - - ------------------------------ Date: Sun, 19 Apr 1998 10:35:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BELF Tim, won't Broadcom Corp's "semiconductors that speed Internet access over ordinary telephone and cable TV lines" by allowing "high speed digital transmission over lines that weren't intended for such transmission" also seriously cut into this market, or is this something entirely different? Broadcom developed "circuits for cable set-top boxes, cable modems, high-speed networking, satellite and earth-based broadcasts and telephone lines". Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 10:06 AM Subject: RE: [CANSLIM] BELF >>From the viewpoint of a computerhead who follows the hype about ISDN, ADSL, >etc. regularly, I would take anyone's projections of ADSL use in this >country and throw them right into the shredder. ADSL has an installed base >of almost ZERO users at the current time, ISDN has a few tens of thousands, >and 56k modems number in the hundreds of thousands. Plus, cable modem >services are spring up like weeds in a cornfield in the past few months. If >I had to pick one technology that was dead before it left the nest, I'd pick >ADSL. IMHO. > - - ------------------------------ Date: Sun, 19 Apr 1998 07:54:03 -0700 From: Tim Fisher Subject: Re: [CANSLIM] BELF Yep, directly, as they both mfgr. the circuit boards (?) of competing technologies, and Broadcom is squarely in MSFT's corner. Bill has bet the farm on cable modems and high speed digital (which doesn't even have a name yet!). Now, who do you think will win? If you have any doubts about Bill's ability to make the market go his way, well, never mind. At 10:35 AM 4/19/98 -0400, you wrote: >Tim, won't Broadcom Corp's "semiconductors that speed Internet access >over ordinary telephone and cable TV lines" by allowing "high speed >digital transmission over lines that weren't intended for such >transmission" also seriously cut into this market, or is this >something entirely different? > >Broadcom developed "circuits for cable set-top boxes, cable modems, >high-speed networking, satellite and earth-based broadcasts and >telephone lines". > >Tom W > >-----Original Message----- >From: Tim Fisher >To: canslim@lists.xmission.com >Date: Sunday, April 19, 1998 10:06 AM >Subject: RE: [CANSLIM] BELF > > >>>From the viewpoint of a computerhead who follows the hype about >ISDN, ADSL, >>etc. regularly, I would take anyone's projections of ADSL use in this >>country and throw them right into the shredder. ADSL has an installed >base >>of almost ZERO users at the current time, ISDN has a few tens of >thousands, >>and 56k modems number in the hundreds of thousands. Plus, cable modem >>services are spring up like weeds in a cornfield in the past few >months. If >>I had to pick one technology that was dead before it left the nest, >I'd pick >>ADSL. IMHO. >> > 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: Sun, 19 Apr 1998 10:57:42 -0500 From: Bill Subject: Re: [CANSLIM] NEWBIE question follows... base pattern <> 80+RS ???? Sorry - I did not make myself clear. I am looking for a sample cup and handle formation where the price in the handle is going UP while the volume is shrinking. I am aware of many stocks that go up in price while the volume is going down. BigCharts home page has the capability to display the largest % losses in volume with the commensurate price changes. Incredibly, the 100 issues parsed for last Friday's close, all of them show price increases while volume was down. I will display some of them to see if I can find a cup and handle formation. Thanks for your patience. Bill-->> - ------------- At 7:51 PM -0700 4/18/98, Tim Fisher wrote: >I did not say that SFSK had a cup. You asked about volume dry-out in the >handle area and I pointed out examples of bases forming with volume dry-up >and trading range shrinkage. IMHO, none of the stocks I mentioned have >formed a cup yet, let alone a handle. > >At 09:39 PM 4/18/98 -0500, you wrote: >>Tim - when you look at a chart, what price do you use? Is it the closing >>price or the median/average for the day? When I look at the closing prices >>for SFSK, I don't see a cup being formed. Maybe the BC display differs from >>DG. Price has gone down since 4/3/98 from a closing high of approx. 43 to >>35 on 4/17. Volume has indeed dryed up from an ADV 600K to 164K on Friday. >> >>On the others, I do see a cup of sorts and will track them to see what they >>do next week. >> >>Thanks for the help, >> >>Bill-->> >>------------------------------------------ >> >>At 5:22 PM -0700 4/18/98, Tim Fisher wrote: >>>Not CANSLIM but McDonald's entered a volume dry-up going sideways pattern >>>last week. SFSK is CANSLIM and is doing the same, RXSD as well, although >>>it's previous base looks better from a volume standpoint. CXP is an >>>excellent example of where volume totally dies during a base. I also like to >>>see the daily trading range shrivel up to nothing, ala MCD and CXP. >>> >>>At 01:39 PM 4/18/98 -0500, you wrote: >>>>Thanks - I guess I need to look up the definition of 'handle.' This would >>>>infer that the price is going up while volume is going down. Do you have >>>>any recent examples of this phenomenon? Need to see it to really understand >>>>the concept. >>>> >>>>Bill-->> > >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! > > >- - - ------------------------------ End of canslim-digest V2 #196 ***************************** 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.