From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2246 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, March 27 2002 Volume 02 : Number 2246 In this issue: Re: [CANSLIM] BRLI Re: [CANSLIM] BRLI [CANSLIM] gold prices Re: [CANSLIM] BRLI Re: [CANSLIM] gold prices [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment [CANSLIM] chbs Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Re: [CANSLIM] chbs RE: [CANSLIM] chbs (new to discussion) Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment [CANSLIM] JDAS ---------------------------------------------------------------------- Date: Wed, 27 Mar 2002 09:12:47 -0800 From: Ian Subject: Re: [CANSLIM] BRLI A good example of an illiquid microcap (with just 4 million shares out), where the volume changes: Before: http://table.finance.yahoo.com/d?a=8&b=14&c=01&d=8&e=20&f=01&g=d&s=mtec After: http://finance.yahoo.com/q?s=mtec&d=t 10% of the outstanding shares in a day is almost unheard of, but it helps illustrate the point :) Ian - - - -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, 27 Mar 2002 08:54:42 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] BRLI Ian, Have you in the past bought while still in the base as a method to catch the breakout? I know others here have been occasionally doing so (though NOT canslim). I think the windows of ALL trades can only get smaller now with each passing year. Related to this is the increasing amount of WON news traders I see on sites such as clearstation. Lately I've seen," mentioned in IBD today, going for short term profit". These are by no means institutional traders but it is an interesting phenomena. My plan lately has been to wait for stocks with a VERY quiet handle and buy into a lengthy base. Problem of course is it's hard to find them as news has driven every little spike on my list making quick breakouts with equally quick retreats. - -Bill - ----- Original Message ----- From: "Ian" To: Sent: Tuesday, March 26, 2002 10:11 PM Subject: Re: [CANSLIM] BRLI > Bill: > > One of the most beneficial artifacts of buying microcaps is also what makes > them very difficult: > > 1. If you catch the trigger point precisely, and the stock 'behaves', you > almost never have to worry about near-term sell rules, as the price will > explode past the pivot point, and never revisit it (see NBSC at $6 as a > recent example, but ALL of my big winners have the same characteristic - it > is what encourages me to pyramid to my positions). > > 2. It is often extremely dificult to catch trigger points precisely. You > really do need to be watching when it happens, and pull the trigger very > quickly and decisively. You often only have a 5-minute window (or less) to > get within the 5% trigger point. > > The liquidity (or lack thereof) in these cases acts as a very strong barrier > to deep pullbacks You get to be comofrtably in the green from the onset, and > can happily hold through 10-15% swings that never revisit the trigger point. > The key, as always is volume. You need to be very aware of distribution. > > Cheers, > > Ian > > > > > ----- Original Message ----- > From: Bill Triffet > To: > Sent: Tuesday, March 26, 2002 5:00 PM > Subject: Re: [CANSLIM] BRLI > > > > Ian, > > > > > > > > > Actually, if you just go through the letters in CANSLIM, there is > nothing > > in > > > them about price or volume :) > > > > That's why I included the recommendation about HTMMIS as it does cover > price > > and volume - a lot. I actualy should have mentioned the 24 Lessons book. > The > > old > > WON book is really dated now. > > > > > Because the low price stocks tend to trade at much lower valuations, > they > > > are MUCH more resistant to getting dragged down with 'M", so I can > > > underweight it - but you have to be very careful about only buying > strong > > > sectors. > > > > That brings up an excellent point. In the current market say 2000 to now > > (g), the larger caps have sucked ( at least the ones I picked). Tom here > can > > attest to the strength of micros over the past couple years. I have > watched > > (and got taken out) on more than a few IBD perfect (so I perceive) > breakouts > > this year and the last. > > > > Which brings me to my point. If you go through HTMMIS you see WON doesn't > > put a lot of faith in cyclicals, banks, services, etc... The talk was > always > > "look for the high growth flyers, ready to explode..." (so I exagerated it > a > > bit). This year we've been seeing retail, financials, services, even golk > > etc... being talked about in IBD and this group as candidates. I think > this > > addresses your comment below about the current crop. I also think IBD has > > adopted a bit of a shorter trading stratigy because in the book I recall > the > > metion of cyclicals falling out of favor when the new bull starts up. > > > > > > > > IMHO, most current IBD CANSLIM stocks are grossly negligent in their > > > complete dismissal of the original 'S' criteria. Microcaps can kick you > > in > > > the back of the head telling you that 'S' is about to propel them > upwards. > > > Look at the volume on NBSC from Feb 13 onwards. The increase from its > > > week-earlier ADV is an order of magnitude. When the stock is cheap, > > hitting > > > new highs, growing with strong EPS and a sound outlook ... and that kind > > of > > > 'S' picture suddenly emerges, the stock has nowhere to go but up. > > > > > > > Bottom line is if true canslim is not working it's probubly the market to > > blame. If microcaps are working, I say right on but be aware of the > > differences. I for one am starting to look more into micros - but with a > > very cautious eye. > > > > But who am I to say... I've been in cash for several weeks now. (g) > > > > -Bill > > > > > > > > - > > -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: Wed, 27 Mar 2002 12:04:09 -0500 From: "Robert McGill" Subject: [CANSLIM] gold prices This is a multi-part message in MIME format. - ------=_NextPart_000_0005_01C1D587.802CB780 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable www.kitco.com - ------=_NextPart_000_0005_01C1D587.802CB780 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
www.kitco.com
- ------=_NextPart_000_0005_01C1D587.802CB780-- - - - -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, 27 Mar 2002 09:48:27 -0800 From: Ian Subject: Re: [CANSLIM] BRLI Bill: I will buy in the base, when I think I am 3 months early from the 'vundamental volume change' that is the hallmark of my personal CANSLIM approach. However, the truth is, that I often end up selling for a small loss as it continues to trickle down on low volume. I do much, much better when I wait for the volume surge through the trigger. Even though they are lower priced, I use the exact same volume/trigger-point rules as WON proposes - they work exceptionally well. I find 'news' related surges to be a consistently bad thing. They can interfere with the dynamics of a good stock (see QGLY this week) - creating bagholders that can kill a rally. I prefer my volume surges to come 'out of the blue' as it were. Usually, it just means that the stock needed a few weeks for institutional accumulation after good earnings news - and then suddenly, without warning, volume kicks in and the stock runs. Ian - ----- Original Message ----- From: Bill Triffet To: Sent: Wednesday, March 27, 2002 8:54 AM Subject: Re: [CANSLIM] BRLI > Ian, > > Have you in the past bought while still in the base as a method to catch the > breakout? I know others here have been occasionally doing so (though NOT > canslim). I think the windows of ALL trades can only get smaller now with > each passing year. Related to this is the increasing amount of WON news > traders I see on sites such as clearstation. Lately I've seen," mentioned in > IBD today, going for short term profit". These are by no means institutional > traders but it is an interesting phenomena. > > My plan lately has been to wait for stocks with a VERY quiet handle and buy > into a lengthy base. > Problem of course is it's hard to find them as news has driven every little > spike on my list making quick breakouts with equally quick retreats. > > -Bill > > > ----- Original Message ----- > From: "Ian" > To: > Sent: Tuesday, March 26, 2002 10:11 PM > Subject: Re: [CANSLIM] BRLI > > > > Bill: > > > > One of the most beneficial artifacts of buying microcaps is also what > makes > > them very difficult: > > > > 1. If you catch the trigger point precisely, and the stock 'behaves', you > > almost never have to worry about near-term sell rules, as the price will > > explode past the pivot point, and never revisit it (see NBSC at $6 as a > > recent example, but ALL of my big winners have the same characteristic - > it > > is what encourages me to pyramid to my positions). > > > > 2. It is often extremely dificult to catch trigger points precisely. You > > really do need to be watching when it happens, and pull the trigger very > > quickly and decisively. You often only have a 5-minute window (or less) to > > get within the 5% trigger point. > > > > The liquidity (or lack thereof) in these cases acts as a very strong > barrier > > to deep pullbacks You get to be comofrtably in the green from the onset, > and > > can happily hold through 10-15% swings that never revisit the trigger > point. > > The key, as always is volume. You need to be very aware of distribution. > > > > Cheers, > > > > Ian > > > > > > > > > > ----- Original Message ----- > > From: Bill Triffet > > To: > > Sent: Tuesday, March 26, 2002 5:00 PM > > Subject: Re: [CANSLIM] BRLI > > > > > > > Ian, > > > > > > > > > > > > > Actually, if you just go through the letters in CANSLIM, there is > > nothing > > > in > > > > them about price or volume :) > > > > > > That's why I included the recommendation about HTMMIS as it does cover > > price > > > and volume - a lot. I actualy should have mentioned the 24 Lessons book. > > The > > > old > > > WON book is really dated now. > > > > > > > Because the low price stocks tend to trade at much lower valuations, > > they > > > > are MUCH more resistant to getting dragged down with 'M", so I can > > > > underweight it - but you have to be very careful about only buying > > strong > > > > sectors. > > > > > > That brings up an excellent point. In the current market say 2000 to now > > > (g), the larger caps have sucked ( at least the ones I picked). Tom here > > can > > > attest to the strength of micros over the past couple years. I have > > watched > > > (and got taken out) on more than a few IBD perfect (so I perceive) > > breakouts > > > this year and the last. > > > > > > Which brings me to my point. If you go through HTMMIS you see WON > doesn't > > > put a lot of faith in cyclicals, banks, services, etc... The talk was > > always > > > "look for the high growth flyers, ready to explode..." (so I exagerated > it > > a > > > bit). This year we've been seeing retail, financials, services, even > golk > > > etc... being talked about in IBD and this group as candidates. I think > > this > > > addresses your comment below about the current crop. I also think IBD > has > > > adopted a bit of a shorter trading stratigy because in the book I recall > > the > > > metion of cyclicals falling out of favor when the new bull starts up. > > > > > > > > > > > IMHO, most current IBD CANSLIM stocks are grossly negligent in their > > > > complete dismissal of the original 'S' criteria. Microcaps can kick > you > > > in > > > > the back of the head telling you that 'S' is about to propel them > > upwards. > > > > Look at the volume on NBSC from Feb 13 onwards. The increase from its > > > > week-earlier ADV is an order of magnitude. When the stock is cheap, > > > hitting > > > > new highs, growing with strong EPS and a sound outlook ... and that > kind > > > of > > > > 'S' picture suddenly emerges, the stock has nowhere to go but up. > > > > > > > > > > Bottom line is if true canslim is not working it's probubly the market > to > > > blame. If microcaps are working, I say right on but be aware of the > > > differences. I for one am starting to look more into micros - but with a > > > very cautious eye. > > > > > > But who am I to say... I've been in cash for several weeks now. (g) > > > > > > -Bill > > > > > > > > > > > > - > > > -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: Wed, 27 Mar 2002 12:29:15 EST From: Chazmoore@aol.com Subject: Re: [CANSLIM] gold prices - --part1_72.19fb2f67.29d35b6b_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Robert: Thanks for the link. I set up a watch list with 10 gold stocks as of close Friday. Eight are up over 5%, and one, RGLD, up over 10%. Of course I don't have the guts to buy but I think they are a pretty good indicator of what is happening in Japan for the short term. Charley - --part1_72.19fb2f67.29d35b6b_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Robert: Thanks for the link. I set up a watch list with 10 gold stocks as of close Friday. Eight are up over 5%, and one, RGLD, up over 10%.
Of course I don't have the guts to buy but I think they are a pretty good indicator of what is happening in Japan for the short term. Charley - --part1_72.19fb2f67.29d35b6b_boundary-- - - - -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, 27 Mar 2002 09:31:17 -0800 (PST) From: Steve F Subject: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Recently bought PPDI, Yesterday they announced that earnings will be announced after the close April 17, including a webcast, a conference call, etc. etc. What is the prevailing wisdom? Do I hold or get out pending the call. They seem to be making a bit of unusual noise about this announcement. The $8.00 commission with Ameritrade is certainly not a factor. I am about even as of today. Steve __________________________________________________ Do You Yahoo!? Yahoo! Movies - coverage of the 74th Academy Awards® http://movies.yahoo.com/ - - - -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, 27 Mar 2002 09:50:47 -0800 From: "Scott Gettis" Subject: [CANSLIM] chbs CHBS is breaking out today. Ideal pivot 32.25. - - - -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, 27 Mar 2002 11:51:07 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment This is a multi-part message in MIME format. - ------=_NextPart_000_0043_01C1D585.AE92AFA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Steve, I don't think it's at all unusual to see fanfare ahead of earnings, so I = wouldn't necessarily read anything in to PPDI's press releases. The = truth of the matter is that PPDI has many CANSLIM characteristics, but = you've purchased ahead of a valid breakout and have to have that = additional risk built into your exit strategy. The only minus on PPDI at = this moment is an ever so slightly low RS of 69, but this can kick up to = >=3D70 on the slightest move at this point. My inclination if I were in = your position would be to let price/volume speak to me for entry/exit = and nothing more... *especially* "fear of upcoming news" which is not = part of the CANSLIM discipline! Katherine ----- Original Message -----=20 From: Steve F=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, March 27, 2002 11:31 AM Subject: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Recently bought PPDI, Yesterday they announced that earnings will be announced after the close April 17, including a webcast, a conference call, etc. etc. What is the prevailing wisdom? Do I hold or get out pending the call. They seem to be making a bit of unusual noise about this announcement. The $8.00 commission with Ameritrade is certainly not a factor. I am about even as of today. Steve __________________________________________________ Do You Yahoo!? Yahoo! Movies - coverage of the 74th Academy Awards=AE http://movies.yahoo.com/ - -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_0043_01C1D585.AE92AFA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Steve,
 
I don't think it's at all unusual to see fanfare ahead of earnings, = so I=20 wouldn't necessarily read anything in to PPDI's press releases. The = truth of the=20 matter is that PPDI has many CANSLIM characteristics, but you've = purchased ahead=20 of a valid breakout and have to have that additional risk built into = your exit=20 strategy. The only minus on PPDI at this moment is an ever so slightly = low RS of=20 69, but this can kick up to >=3D70 on the slightest move at this = point. My=20 inclination if I were in your position would be to let price/volume = speak to me=20 for entry/exit and nothing more... *especially* "fear of upcoming news" = which is=20 not part of the CANSLIM discipline!
 
Katherine
----- Original Message -----
From:=20 Steve = F=20
Sent: Wednesday, March 27, 2002 = 11:31=20 AM
Subject: [CANSLIM] PPDI = Prevailing Wisdom=20 on Earnings Announcment

Recently bought PPDI,

Yesterday they announced = that=20 earnings will be
announced after the close April 17, including=20 a
webcast, a conference call,  etc. etc.

What is the = prevailing=20 wisdom?   Do I hold or get out
pending the call. They = seem to be=20 making a bit of
unusual noise about this announcement.  The=20 $8.00
commission with Ameritrade is certainly not a = factor.

I am=20 about even as of=20 = today.

Steve

______________________________________________= ____
Do=20 You Yahoo!?
Yahoo! Movies - coverage of the 74th Academy = Awards=AE
http://movies.yahoo.com/

--To=20 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_0043_01C1D585.AE92AFA0-- - - - -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: 27 Mar 2002 10:15:20 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Not buying right before an earnings announcement is part of CANSLIM, however. At 11:51 AM 3/27/2002 -0600, you wrote: >Hi Steve, > >I don't think it's at all unusual to see fanfare ahead of earnings, so I >wouldn't necessarily read anything in to PPDI's press releases. The truth >of the matter is that PPDI has many CANSLIM characteristics, but you've >purchased ahead of a valid breakout and have to have that additional risk >built into your exit strategy. The only minus on PPDI at this moment is an >ever so slightly low RS of 69, but this can kick up to >=70 on the >slightest move at this point. My inclination if I were in your position >would be to let price/volume speak to me for entry/exit and nothing >more... *especially* "fear of upcoming news" which is not part of the >CANSLIM discipline! > >Katherine >----- Original Message ----- >From: Steve F >To: canslim@lists.xmission.com >Sent: Wednesday, March 27, 2002 11:31 AM >Subject: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment > >Recently bought PPDI, > >Yesterday they announced that earnings will be >announced after the close April 17, including a >webcast, a conference call, etc. etc. > >What is the prevailing wisdom? Do I hold or get out >pending the call. They seem to be making a bit of >unusual noise about this announcement. The $8.00 >commission with Ameritrade is certainly not a factor. > >I am about even as of today. > >Steve Tim Fisher Ore-ROCK-On Rockhounding Web Site Owner, Fisher Fisheries, Ltd. mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - -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, 27 Mar 2002 11:02:18 -0800 From: Ian Subject: Re: [CANSLIM] chbs Tons of recent overhead resistance above the current price. Recent upward slopeing chart on low volume. Gap up to be filled today. I'd be more inclined to wait for it to cool off, then short it around $35 if it got there. JMHO. Ian - ----- Original Message ----- From: Scott Gettis To: Sent: Wednesday, March 27, 2002 9:50 AM Subject: [CANSLIM] chbs > CHBS is breaking out today. Ideal pivot 32.25. > > - > -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, 27 Mar 2002 13:53:24 -0500 From: "Drews, David C." Subject: RE: [CANSLIM] chbs (new to discussion) This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C1D5C0.AC885EE0 Content-Type: text/plain; charset="iso-8859-1" Thanks to all who participate/share their resources, opinions and insight; I really appreciate the opportunity to lurk, and as of today, to participate. The pivot point for CHBS appears to be 35.86, provided that it passes through on heavy volume. Ian's observations, combined with the heavy institutional sponsorship (302) is worrisome. Looking forward to everyone's help in my efforts to hammer the CANSLIM principles into my head. Dave Drews (DCD) - -----Original Message----- From: Ian [mailto:ianstm@shaw.ca] Sent: Wednesday, March 27, 2002 2:02 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] chbs Tons of recent overhead resistance above the current price. Recent upward slopeing chart on low volume. Gap up to be filled today. I'd be more inclined to wait for it to cool off, then short it around $35 if it got there. JMHO. Ian - ----- Original Message ----- From: Scott Gettis To: Sent: Wednesday, March 27, 2002 9:50 AM Subject: [CANSLIM] chbs > CHBS is breaking out today. Ideal pivot 32.25. > > - > -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. - ------_=_NextPart_001_01C1D5C0.AC885EE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] chbs (new to discussion)

Thanks to all who participate/share their resources, = opinions and insight; I really appreciate the opportunity to lurk, and = as of today, to participate.

The pivot point for CHBS appears to be 35.86, = provided that it passes through on heavy volume.  Ian's = observations, combined with the heavy institutional sponsorship (302) = is worrisome.

Looking forward to everyone's help in my efforts to = hammer the CANSLIM principles into my head.

Dave Drews (DCD)

-----Original Message-----
From: Ian [mailto:ianstm@shaw.ca]
Sent: Wednesday, March 27, 2002 2:02 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] chbs


Tons of recent overhead resistance above the current = price.

Recent upward slopeing chart on low volume.

Gap up to be filled today.

I'd be more inclined to wait for it to cool off, then = short it around $35 if
it got there.

JMHO.

Ian




----- Original Message -----
From: Scott Gettis <sgettis@ucla.edu>
To: <canslim@lists.xmission.com>
Sent: Wednesday, March 27, 2002 9:50 AM
Subject: [CANSLIM] chbs


> CHBS is breaking out today. Ideal pivot = 32.25.
>
> -
> -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.

- ------_=_NextPart_001_01C1D5C0.AC885EE0-- - - - -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, 27 Mar 2002 12:57:13 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment This is a multi-part message in MIME format. - ------=_NextPart_000_0005_01C1D58E.EA3CA5C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tim, Not familiar with that rule...how so? Katherine ----- Original Message -----=20 From: Tim Fisher=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, March 27, 2002 12:15 PM Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Not buying right before an earnings announcement is part of CANSLIM, = however. At 11:51 AM 3/27/2002 -0600, you wrote: >Hi Steve, > >I don't think it's at all unusual to see fanfare ahead of earnings, = so I=20 >wouldn't necessarily read anything in to PPDI's press releases. The = truth=20 >of the matter is that PPDI has many CANSLIM characteristics, but = you've=20 >purchased ahead of a valid breakout and have to have that additional = risk=20 >built into your exit strategy. The only minus on PPDI at this moment = is an=20 >ever so slightly low RS of 69, but this can kick up to >=3D70 on the=20 >slightest move at this point. My inclination if I were in your = position=20 >would be to let price/volume speak to me for entry/exit and nothing=20 >more... *especially* "fear of upcoming news" which is not part of the = >CANSLIM discipline! > >Katherine >----- Original Message ----- >From: Steve F >To: canslim@lists.xmission.com >Sent: Wednesday, March 27, 2002 11:31 AM >Subject: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment > >Recently bought PPDI, > >Yesterday they announced that earnings will be >announced after the close April 17, including a >webcast, a conference call, etc. etc. > >What is the prevailing wisdom? Do I hold or get out >pending the call. They seem to be making a bit of >unusual noise about this announcement. The $8.00 >commission with Ameritrade is certainly not a factor. > >I am about even as of today. > >Steve Tim Fisher Ore-ROCK-On Rockhounding Web Site Owner, Fisher Fisheries, Ltd. mailto:tim@OreRockOn.com WWW http://OreRockOn.com - -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_0005_01C1D58E.EA3CA5C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tim,
 
Not familiar with that rule...how so?
 
Katherine
----- Original Message -----
From:=20 Tim = Fisher=20
Sent: Wednesday, March 27, 2002 = 12:15=20 PM
Subject: Re: [CANSLIM] PPDI = Prevailing=20 Wisdom on Earnings Announcment

Not buying right before an earnings announcement is = part of=20 CANSLIM, however.

At 11:51 AM 3/27/2002 -0600, you = wrote:
>Hi=20 Steve,
>
>I don't think it's at all unusual to see fanfare = ahead=20 of earnings, so I
>wouldn't necessarily read anything in to = PPDI's=20 press releases. The truth
>of the matter is that PPDI has many = CANSLIM=20 characteristics, but you've
>purchased ahead of a valid = breakout and=20 have to have that additional risk
>built into your exit = strategy. The=20 only minus on PPDI at this moment is an
>ever so slightly low = RS of 69,=20 but this can kick up to >=3D70 on the
>slightest move at = this point.=20 My inclination if I were in your position
>would be to let = price/volume=20 speak to me for entry/exit and nothing
>more... *especially* = "fear of=20 upcoming news" which is not part of the
>CANSLIM=20 discipline!
>
>Katherine
>----- Original Message=20 -----
>From: <Steve">mailto:stevepdv@yahoo.com>Ste= ve=20 F
>To: <canslim@lists.xmission.com">mai= lto:canslim@lists.xmission.com>canslim@lists.xmission.com
>S= ent:=20 Wednesday, March 27, 2002 11:31 AM
>Subject: [CANSLIM] PPDI = Prevailing=20 Wisdom on Earnings Announcment
>
>Recently bought=20 PPDI,
>
>Yesterday they announced that earnings will=20 be
>announced after the close April 17, including = a
>webcast, a=20 conference call,  etc. etc.
>
>What is the prevailing = wisdom?   Do I hold or get out
>pending the call. They = seem to=20 be making a bit of
>unusual noise about this announcement.  = The=20 $8.00
>commission with Ameritrade is certainly not a=20 factor.
>
>I am about even as of=20 today.
>
>Steve

Tim Fisher
Ore-ROCK-On = Rockhounding Web=20 Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW = http://OreRockOn.com


-
-T= o=20 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_0005_01C1D58E.EA3CA5C0-- - - - -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, 27 Mar 2002 13:03:53 -0600 From: Gene Ricci Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment This is a multi-part message in MIME format. - ------=_NextPart_000_0183_01C1D58F.D8779600 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tim, I didn't see this mentioned in the 'buy rules', did I overlook it? Gene Not buying right before an earnings announcement is part of CANSLIM, = however. - ------=_NextPart_000_0183_01C1D58F.D8779600 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tim, I didn't see this mentioned in = the 'buy=20 rules', did I overlook it?
 
Gene
Not=20 buying right before an earnings announcement is part of CANSLIM,=20 however.
- ------=_NextPart_000_0183_01C1D58F.D8779600-- - - - -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, 27 Mar 2002 14:10:22 EST From: Davellil5@aol.com Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment - - - -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, 27 Mar 2002 14:15:17 EST From: Davellil5@aol.com Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment I don't remember any CANSLIM rule on not buying just before an earnings announcement. But I do follow that rule because stocks tend to rise in anticipation of a favorable surprise, after which there is profit taking. So, if a stock has broken out of a base, I usually get it cheaper if I wait until after an earnings announcement --- it there is one coming up shortly. Dave S. - - - -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, 27 Mar 2002 13:24:22 -0600 From: "Novdust" Subject: [CANSLIM] JDAS Anyone looking at JDAS. Looking pretty good breaking out of resistance, only thing is the market is not looking to great right now. Volume today on markets are lower but market coming back from highs. Any thoughts? - ----- Original Message ----- From: "Ian" To: Sent: Wednesday, March 27, 2002 1:02 PM Subject: Re: [CANSLIM] chbs > Tons of recent overhead resistance above the current price. > > Recent upward slopeing chart on low volume. > > Gap up to be filled today. > > I'd be more inclined to wait for it to cool off, then short it around $35 if > it got there. > > JMHO. > > Ian > > > > > ----- Original Message ----- > From: Scott Gettis > To: > Sent: Wednesday, March 27, 2002 9:50 AM > Subject: [CANSLIM] chbs > > > > CHBS is breaking out today. Ideal pivot 32.25. > > > > - > > -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. ------------------------------ End of canslim-digest V2 #2246 ****************************** 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.