From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2322 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 Thursday, April 18 2002 Volume 02 : Number 2322 In this issue: Re: [CANSLIM] Tom or Ian Re: [CANSLIM] When to Buy Re: [CANSLIM] NOBL Re: [CANSLIM] Tom or Ian [CANSLIM] Simon Yang [CANSLIM] successful stories Re: [CANSLIM] Simon Yang Re: [CANSLIM] Tom or Ian Re: [CANSLIM] Tom or Ian - MRGE Re: [CANSLIM] Re list posting........ Re: [CANSLIM] Tom or Ian Re: [CANSLIM] Tom or Ian ---------------------------------------------------------------------- Date: Thu, 18 Apr 2002 11:32:43 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] Tom or Ian Ian: I would add that earlier in the week, IBD ran a column (in either the Big Picture or Investors Corner) saying that small and mid caps were easily outpacing big caps. As for your third paragraph (One of the reasons I rarely post picks here is that the issues I find with the most favourable risk/reward outlook (IMO), have been under $15 (and many sub $10) stocks for quite some time. I know that the majority of list readers are resolute in sticking to higher price stocks, so I try not to bring them up often...), I (for one) would value your picks as threshing the stock-wheat from the stock-chaff. You've been in this group for some time, and (in my opinion) you analytical astuteness (particularly with small caps) is superlative. However, if you don't post the stocks you're interestd in, I can't say I blame you. I agree with Katherine (although it may sound selfish, it makes sense to me) that it's unfair that one should do all the work only for others to reap the benefits. jans In a message dated 4/18/2002 12:19:42 AM Eastern Daylight Time, ianstm@shaw.ca writes: << Dimitri: I prefer to buy stocks in the $12-$15 range, but that is not what the market is offering right now. IMHO, the original 'S' in CANSLIM overrides price nits. In fact, the biggest hurdle I see to a long sustained move up in tech stocks is that they split way too many times in the 1998-2000 mania, leaving most of them horrendously over-priced on a P/S or P/E basis above $15. (I have long felt that the tech bear will finally be over when many of yesteryears winners start doing reverse splits - LU's recent announcement was encouraging). Remember that when WON did his original research, the median number of shares outstanding was 4,000,000! I would absolutely love to have a large selection of $15+ stocks with solid growth, and less than 10,000,000 shares outstanding. I just cannot find that many - although there are some: MTEC comes to mind - it is the poster child for CANSLIM IMHO, with less than 5,000,000 shares out. One of the reasons I rarely post picks here is that the issues I find with the most favourable risk/reward outlook (IMO), have been under $15 (and many sub $10) stocks for quite some time. I know that the majority of list readers are resolute in sticking to higher price stocks, so I try not to bring them up often (someone explicitly asked me about MRGE today - so I posted my position). I do not like being pedantic - I like to make money. I use all the letters in CANSLIM, giving 'S" far more weight than most people, but I don't worry too much about the 'extra' WON criteria like price and volume. 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: Thu, 18 Apr 2002 10:44:48 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] When to Buy This is a multi-part message in MIME format. - ------=_NextPart_000_008C_01C1E6C6.0F74A3E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi jans, Pullback to me simply means that it is moving down to the lower end of = support within its current uptrend. I don't see the current action as a = consolidation (base). It's a subtle difference, and sometimes hard to = distinguish. Here's how I see the "normal" action you would expect in = stocks: Basing/consolidation-- happens after a *prior* uptrend (or downtrend), = simply means the stock is pausing for a meaningful refresh before = resuming or changing directions. Until the base/consolidation ends, you = do not know which direction it will necessarily go. The move out of the = consolidation tells you that and its why you don't want to enter = *during* consolidation. Uptrend-- stock has made a meaningful consolidation and has moved out of = it. The uptrend can be more or less volatile, but can be defined with = channel lines. Another way of saying, if I taped the chart on the wall = and walked 6 feet back, which direction would I draw the big = arrow...flat or up? If it's up, it's in an uptrend. Pullback-- the big arrow is up, but if I stand 1 foot away from the = chart, I can see that it is moving down toward the bottom of the = uptrending channel. Far better if the down days are on low volume and/or = there is plenty of volume at critical support (e.g. the 50dMA) Failure--the stock has a big up arrow, but all of a sudden, signs of = failure are showing up. Down days on big volume, a series of = distribution days all at once, churning at the top (high volume and = little/no progress for 2 or more days), high volume reversals (tails = down), lack of support at the bottom of the upward channel, high volume = down day that pushes the stock well below the 50dMA, gaps down on = earnings announcements, breaking out of a too short base, climax runs, = etc. Tim Truebenbach once told me that pullbacks and bases often look = similar, the only difference is that the pullback doesn't trigger any = sell rules, while the base, which often is a more severe correction = after the uptrend, will trigger sell rules. Nothing's to say you can't = enter on a pullback in an uptrend, though as a percent of entries, I = keep those fairly small and generally keep them on a tight rope. Another = way of thinking of it is that entering on a pullback is a trader's = tactic, entering on a clean break from a base is an investor's tactic. = (Stan Weinstein uses that distinction in his book, Secrets to Profiting = in Bull and Bear Markets.) Katherine PS I was avoiding any discussion of fundamentals out of respect for = John's original message which was "assuming all other CANSLIM criteria = is met." ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 18, 2002 10:21 AM Subject: Re: [CANSLIM] When to Buy Katherine: Provocative chart and interesting comments. But why do you = believe BMS=20 is in a pullback mode, and not beginning the end of a weakish uptrend? Your comment: "Volume is the inverse of what you would see in a=20 basing..." is not how I view it. To me up volume seems to be = overwhelming=20 down volume-except at that one area in the recent nadir. And notice = that the=20 nadir came at the 50 support line-so I view it as institutions = supporting the=20 stock. =20 However, I would agree that its uptrend is sickly and = lackadaisical. =20 From a chart perspective only, I'd say it is building a cup. From a = Canslim=20 perspective, I'd say it's a "no-go" (Not great earnings; negative = sales=20 revenues; Cash-Flow is nearly twice 2001's earnings, which to me = indicates=20 that the company is negligent in not investing their overflow of = cash). jans - ------=_NextPart_000_008C_01C1E6C6.0F74A3E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi jans,
 
Pullback to me simply means that it is moving down to the lower end = of=20 support within its current uptrend. I don't see the current action as a=20 consolidation (base). It's a subtle difference, and sometimes hard to=20 distinguish. Here's how I see the "normal" action you would expect in=20 stocks:
 
Basing/consolidation-- happens after a *prior* uptrend (or = downtrend),=20 simply means the stock is pausing for a meaningful refresh before = resuming or=20 changing directions. Until the base/consolidation ends, you do not know = which=20 direction it will necessarily go. The move out of the consolidation = tells you=20 that and its why you don't want to enter *during* = consolidation.
 
Uptrend-- stock has made a meaningful consolidation and has moved = out of=20 it. The uptrend can be more or less volatile, but can be defined with = channel=20 lines. Another way of saying, if I taped the chart on the wall and = walked 6 feet=20 back, which direction would I draw the big arrow...flat or up? If it's = up, it's=20 in an uptrend.
 
Pullback-- the big arrow is up, but if I stand 1 foot away from the = chart,=20 I can see that it is moving down toward the bottom of the uptrending = channel.=20 Far better if the down days are on low volume and/or there is plenty of = volume=20 at critical support (e.g. the 50dMA)
 
Failure--the stock has a big up arrow, but all of a sudden, signs = of=20 failure are showing up. Down days on big volume, a series of = distribution days=20 all at once, churning at the top (high volume and little/no progress for = 2 or=20 more days), high volume reversals (tails down), lack of support at the = bottom of=20 the upward channel, high volume down day that pushes the stock well = below=20 the 50dMA, gaps down on earnings announcements, breaking out of a too = short=20 base, climax runs, etc.
 
Tim Truebenbach once told me that pullbacks and bases often look = similar,=20 the only difference is that the pullback doesn't trigger any sell rules, = while=20 the base, which often is a more severe correction after the uptrend, = will=20 trigger sell rules. Nothing's to say you can't enter on a pullback in an = uptrend, though as a percent of entries, I keep those fairly small and = generally=20 keep them on a tight rope. Another way of thinking of it is that = entering on a=20 pullback is a trader's tactic, entering on a clean break from a base is = an=20 investor's tactic. (Stan Weinstein uses that distinction in his book, = Secrets to=20 Profiting in Bull and Bear Markets.)
 
Katherine
 
PS I was avoiding any discussion of fundamentals out of respect for = John's=20 original message which was "assuming all other CANSLIM criteria is = met."
----- Original Message -----
From:=20 Spencer48@aol.com
To: canslim@lists.xmission.com=
Sent: Thursday, April 18, 2002 = 10:21=20 AM
Subject: Re: [CANSLIM] When to = Buy

Katherine:

    Provocative chart = and=20 interesting comments.  But why do you believe BMS
is in a = pullback=20 mode, and not beginning the end of a weakish=20 uptrend?

     Your comment: "Volume is the = inverse=20 of what you would see in a
basing..."  is not how I view = it.  To=20 me up volume seems to be overwhelming
down volume-except at that = one area=20 in the recent nadir.  And notice that the
nadir came at the = 50=20 support line-so I view it as institutions supporting the =
stock. =20

     However, I would agree that its = uptrend is=20 sickly and lackadaisical. 
From a chart perspective only, I'd = say it=20 is building a cup.  From a Canslim
perspective, I'd say it's = a=20 "no-go" (Not great earnings; negative sales
revenues; Cash-Flow is = nearly=20 twice 2001's earnings, which to me indicates
that the company is = negligent=20 in not investing their overflow of=20 cash).

jans
- ------=_NextPart_000_008C_01C1E6C6.0F74A3E0-- - - - -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: Thu, 18 Apr 2002 13:46:48 -0400 From: "Ira Post" Subject: Re: [CANSLIM] NOBL One possible red flag on NOBL is that the cash flow from operating activities was very negative last quater (according to Yahoo). Ira - ----- Original Message ----- From: "Tom Worley" To: Sent: Thursday, April 18, 2002 11:11 AM Subject: Re: [CANSLIM] NOBL > sorry, I virtually never look back more than 12 months, missed that you were > going back over two years. > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > ----- Original Message ----- > From: "Mona Guarino" > To: > Sent: Thursday, April 18, 2002 1:50 PM > Subject: RE: [CANSLIM] NOBL > > > Hi Tom, > > Thanks for your response, but I think we miscommunicated on something -- > 3/10/00 to date -- 'to short a basing pattern to call a cup' ? That's two > years. > > Tim commented it was 'breaking out from a short volatile flat base', but I > wasn't seeing a flat base on the daily chart, so went to the weekly. When I > look at the weekly chart, the entire chart looks like a cup almost at the > top of the right side with volume picking up significantly from 1/25/02 > forward. > > That's longer than WON's '7 to as many as 65 weeks (most are usually three > to six months)' and more correction than his 'usual percentage correction > from the absolute peak to the low point of the price pattern varies from 12% > or 15% to 33%,' but it looked so much like it fit the general pattern, I > thought I'd ask. > > -- Mona > > > > > Hi Mona, > > > > what you are seeing as a cup is, to me, to short a basing pattern > > to call a > > cup. I simply see it as volatility on profit taking on a stock > > that has run > > up pretty far, pretty fast. > > > > I bought just using short flat bases, on 12/31 at 8.13, and 1/8/02 at 8.99 > > when it didn't back off. I sold 2/19 at 11.47 primarily because I was > > concentrating more funds in technology, and was not comfortable with the > > automotive industry at the time. Where I sold it was in another flat line > > base, so the stock was not giving me a reason to sell, and I should still > > have waited for that reason, and made a lot more money. > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > ----- Original Message ----- > > From: "Mona Guarino" > > To: > > Sent: Wednesday, April 17, 2002 11:15 AM > > Subject: RE: [CANSLIM] NOBL > > > > > > Tom, I know the feeling as to baling too soon and then wathing something > > climb . . . > > > > Question on c&p on this one. Looking at a weekly chart, I see a move up > > before 3/10/00 and then a cup just finishing it's right side now -- within > > 5% of the top of the left. So, I'd be looking for it to get to 16.75 and > > then form a handle. Or, was the activity 3/15 to 3/29 the handle already? > > > > Thanks, > > -- Mona > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > > > Sent: Monday, April 15, 2002 10:10 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] NOBL > > > > > > > > > still can't believe I bought this one right, then bailed out > > WAY too soon. > > > > > > Tom Worley > > > stkguru@bellsouth.net > > > AIM: TexWorley > > > ----- Original Message ----- > > > From: "Tim Fisher" > > > To: > > > Sent: Monday, April 15, 2002 10:39 AM > > > Subject: [CANSLIM] NOBL > > > > > > > > > Breaking out from a short volatile flat base....I bot 1/2 pos. > > Not a good > > > "M"! But I wanted to test the "small cap outperforming" theory - I had a > > > banner week last week. > > > > > > 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. > > > > > - > -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: Thu, 18 Apr 2002 14:26:56 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] Tom or Ian > One of the reasons I rarely post picks here is that the issues I find with > the most favourable risk/reward outlook (IMO), have been under $15 (and many > sub $10) stocks for quite some time. I know that the majority of list > readers are resolute in sticking to higher price stocks, so I try not to > bring them up often Ian, I'll add that I too would welcome discussion of sub 15 and even a few sub10 stocks. Seems to me the folks on this list are astute enough to know when a person is pushing penny stock garbage versus when there is $9.00 stock with all the characteristics we want to see in a stock, but just hasn't quite made into double digit range yet. Jon - - - -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: Thu, 18 Apr 2002 11:42:13 -0700 (PDT) From: Simon Yang Subject: [CANSLIM] Simon Yang - --0-1958608325-1019155333=:50272 Content-Type: text/plain; charset=us-ascii Hi Group, This is Simon Yang, the reason I join this group and other groups is the same: to provide some guidance on CANSLIM application in hope of doing good for every one who intend to. During such processes of discussions if some one choose to learn CANSLIM with me for his benefits, then I welcome him. Like many investment advisors, they provide free consultation on media in exchange for marketing expenses and potential customers. After all any business does not do good for its customers will disappear soon. As I state in my website www.simoninvestments.net, I have been a student of O'Neil/CAN-SLIM strategy with 63% compound annual return for the past four years and with big mistakes. I had searched hard for a teacher on CAN-SLIM strategy for years to save my pains and avoidable losses, but I failed to find one with real money portfolios and in real time markets and with proven past successes. Even I followed Kuhn and Marder at tradingmarkets.com for a short period, I learned that other CANSLIM investors did invest as O'Neil said and the strategy worked differently for different people. Kuhn and Marder provided a course of application of CANSLIM strategy there, but the website never disclose their past records, this made hard to judge their teaching for a new CANSLIM investor. Whatever, they did help me on my way of learning. I still wish to learn from those few CANSLIM masters personally as much as possible. To be the best, first to learn from the best. simoninvestments.net Simon Yang - --------------------------------- Do You Yahoo!? Yahoo! Tax Center - online filing with TurboTax - --0-1958608325-1019155333=:50272 Content-Type: text/html; charset=us-ascii

Hi Group,

This is Simon Yang, the reason I join this group and other groups is the same: to provide some guidance on CANSLIM application in hope of doing good for every one who intend to. During such processes of discussions if some one choose to learn CANSLIM with me for his benefits, then I welcome him. Like many investment advisors, they provide free consultation on media in exchange for marketing expenses and potential customers.  After all any business does not do good for its customers will disappear soon.

As I state in my website www.simoninvestments.net, I have been a student of O'Neil/CAN-SLIM strategy with 63% compound annual return for the past four years and with big mistakes. I had searched hard for a teacher on CAN-SLIM strategy for years to save my pains and avoidable losses, but I failed to find one with real money portfolios and in real time markets and with proven past successes. Even I followed Kuhn and Marder at tradingmarkets.com for a short period, I learned that other CANSLIM investors did invest as O'Neil said and the strategy worked differently for different people. Kuhn and Marder provided a course of application of CANSLIM strategy there, but the website never disclose their past records, this made hard to judge their teaching for a new CANSLIM investor. Whatever, they did help me on my way of learning. I still wish to learn from those few CANSLIM masters personally as much as possible.

To be the best, first to learn from the best.

simoninvestments.net

Simon Yang


Do You Yahoo!?
Yahoo! Tax Center - online filing with TurboTax - --0-1958608325-1019155333=:50272-- - - - -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: Thu, 18 Apr 2002 11:55:35 -0700 (PDT) From: Simon Yang Subject: [CANSLIM] successful stories - --0-645277397-1019156135=:74530 Content-Type: text/plain; charset=us-ascii Hi everyone, I am new to this community, I really like to know how successful you CANSLIM investors have done so far with the system. There must be some very successful investors among you. Would you mind share with all? So we all can learn better. simoninvestments.net Simon Yang - --------------------------------- Do You Yahoo!? Yahoo! Tax Center - online filing with TurboTax - --0-645277397-1019156135=:74530 Content-Type: text/html; charset=us-ascii

Hi everyone,

I am new to this community, I really like to know how successful you CANSLIM investors have done so far with the system. There must be some very successful investors among you. Would you mind share with all? So we all can learn better.

simoninvestments.net

Simon Yang


Do You Yahoo!?
Yahoo! Tax Center - online filing with TurboTax - --0-645277397-1019156135=:74530-- - - - -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: Thu, 18 Apr 2002 13:38:07 -0600 From: Jeff Salisbury Subject: Re: [CANSLIM] Simon Yang Simon,

My name is Jeff Salisbury and I am the owner and administrator of this group.  We welcome you and look forward to your participation.  I want to caution you that we do not allow soliciting and prospecting here.  Even if we did allow it, you would probably find your efforts to be in vain.  Most people here are not interested in hiring someone else to invest for them -- they're here to learn it themselves...

Regards,

Jeff

Simon Yang wrote:

 
Hi Group, <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

This is Simon Yang, the reason I join this group and other groups is the same: to provide some guidance on CANSLIM application in hope of doing good for every one who intend to. During such processes of discussions if some one choose to learn CANSLIM with me for his benefits, then I welcome him. Like many investment advisors, they provide free consultation on media in exchange for marketing expenses and potential customers.  After all any business does not do good for its customers will disappear soon. 

As I state in my website www.simoninvestments.net, I have been a student of O'Neil/CAN-SLIM strategy with 63% compound annual return for the past four years and with big mistakes. I had searched hard for a teacher on CAN-SLIM strategy for years to save my pains and avoidable losses, but I failed to find one with real money portfolios and in real time markets and with proven past successes. Even I followed Kuhn and Marder at tradingmarkets.com for a short period, I learned that other CANSLIM investors did invest as O'Neil said and the strategy worked differently for different people. Kuhn and Marder provided a course of application of CANSLIM strategy there, but the website never disclose their past records, this made hard to judge their teaching for a new CANSLIM investor. Whatever, they did help me on my way of learning. I still wish to learn from those few CANSLIM masters personally as much as possible. 

To be the best, first to learn from the best. 

simoninvestments.net 

Simon Yang
 

Do You Yahoo!?
Yahoo! Tax Center - - online filing with TurboTax

 
  - - - -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: Thu, 18 Apr 2002 15:26:53 -0400 From: "William King" Subject: Re: [CANSLIM] Tom or Ian Re list posting........ As newbie and noncontributor to date, I can see the rationale of the older and more astute members of the list to not share the results of their hard work so that others can benefit. However, IMHO, there would be some benefit to the overall list if the new members became better stock investors (and subsequently contributors) based on analyzing the posted stocks. Personally, I have learned a lot already by researching the stocks that are discussed to see if I would buy them based on my understanding of the CANSLIM approach. Bill King - ----- Original Message ----- From: To: Sent: Thursday, April 18, 2002 11:32 AM Subject: Re: [CANSLIM] Tom or Ian > Ian: > > I would add that earlier in the week, IBD ran a column (in either the > Big Picture or Investors Corner) saying that small and mid caps were easily > outpacing big caps. > > As for your third paragraph (One of the reasons I rarely post picks here > is that the issues I find with the most favourable risk/reward outlook > (IMO), have been under $15 (and many sub $10) stocks for quite some time. I > know that the majority of list > readers are resolute in sticking to higher price stocks, so I try not to > bring them up often...), I (for one) would value your picks as threshing the > stock-wheat from the stock-chaff. You've been in this group for some time, > and (in my opinion) you analytical astuteness (particularly with small caps) > is superlative. > > However, if you don't post the stocks you're interestd in, I can't say I > blame you. I agree with Katherine (although it may sound selfish, it makes > sense to me) that it's unfair that one should do all the work only for others > to reap the benefits. > > > > jans > > In a message dated 4/18/2002 12:19:42 AM Eastern Daylight Time, > ianstm@shaw.ca writes: > > << Dimitri: > > I prefer to buy stocks in the $12-$15 range, but that is not what the market > is offering right now. IMHO, the original 'S' in CANSLIM overrides price > nits. In fact, the biggest hurdle I see to a long sustained move up in tech > stocks is that they split way too many times in the 1998-2000 mania, leaving > most of them horrendously over-priced on a P/S or P/E basis above $15. (I > have long felt that the tech bear will finally be over when many of > yesteryears winners start doing reverse splits - LU's recent announcement > was encouraging). > > Remember that when WON did his original research, the median number of > shares outstanding was 4,000,000! I would absolutely love to have a large > selection of $15+ stocks with solid growth, and less than 10,000,000 shares > outstanding. I just cannot find that many - although there are some: MTEC > comes to mind - it is the poster child for CANSLIM IMHO, with less than > 5,000,000 shares out. > > One of the reasons I rarely post picks here is that the issues I find with > the most favourable risk/reward outlook (IMO), have been under $15 (and many > sub $10) stocks for quite some time. I know that the majority of list > readers are resolute in sticking to higher price stocks, so I try not to > bring them up often (someone explicitly asked me about MRGE today - so I > posted my position). > > I do not like being pedantic - I like to make money. I use all the letters > in CANSLIM, giving 'S" far more weight than most people, but I don't worry > too much about the 'extra' WON criteria like price and volume. > > 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. - - - -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: Thu, 18 Apr 2002 16:15:58 EDT From: AlpineTap34@aol.com Subject: Re: [CANSLIM] Tom or Ian - MRGE Tom & Ian, Thank you both for your remarks. - - - -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: Thu, 18 Apr 2002 16:25:37 -0400 From: "Ira Post" Subject: Re: [CANSLIM] Re list posting........ In the few weeks I've been on this list, I found two stocks recommended by others (SGR and GISX) that I bought after researching them myself. Both are doing well. Needless to say I like the idea and will (if no one objects) post mine for others who might be interested. Ira - ----- Original Message ----- From: "William King" To: Sent: Thursday, April 18, 2002 3:26 PM Subject: Re: [CANSLIM] Tom or Ian > Re list posting........ > > As newbie and noncontributor to date, I can see the rationale of the older > and more astute members of the list to not share the results of their hard > work so that others can benefit. > > However, IMHO, there would be some benefit to the overall list if the new > members became better stock investors (and subsequently contributors) based > on analyzing the posted stocks. Personally, I have learned a lot already > by researching the stocks that are discussed to see if I would buy them > based on my understanding of the CANSLIM approach. > > Bill King > ----- Original Message ----- > From: > To: > Sent: Thursday, April 18, 2002 11:32 AM > Subject: Re: [CANSLIM] Tom or Ian > > > > Ian: > > > > I would add that earlier in the week, IBD ran a column (in either the > > Big Picture or Investors Corner) saying that small and mid caps were > easily > > outpacing big caps. > > > > As for your third paragraph (One of the reasons I rarely post picks > here > > is that the issues I find with the most favourable risk/reward outlook > > (IMO), have been under $15 (and many sub $10) stocks for quite some time. > I > > know that the majority of list > > readers are resolute in sticking to higher price stocks, so I try not to > > bring them up often...), I (for one) would value your picks as threshing > the > > stock-wheat from the stock-chaff. You've been in this group for some > time, > > and (in my opinion) you analytical astuteness (particularly with small > caps) > > is superlative. > > > > However, if you don't post the stocks you're interestd in, I can't > say I > > blame you. I agree with Katherine (although it may sound selfish, it > makes > > sense to me) that it's unfair that one should do all the work only for > others > > to reap the benefits. > > > > > > > > jans > > > > In a message dated 4/18/2002 12:19:42 AM Eastern Daylight Time, > > ianstm@shaw.ca writes: > > > > << Dimitri: > > > > I prefer to buy stocks in the $12-$15 range, but that is not what the > market > > is offering right now. IMHO, the original 'S' in CANSLIM overrides price > > nits. In fact, the biggest hurdle I see to a long sustained move up in > tech > > stocks is that they split way too many times in the 1998-2000 mania, > leaving > > most of them horrendously over-priced on a P/S or P/E basis above $15. (I > > have long felt that the tech bear will finally be over when many of > > yesteryears winners start doing reverse splits - LU's recent announcement > > was encouraging). > > > > Remember that when WON did his original research, the median number of > > shares outstanding was 4,000,000! I would absolutely love to have a large > > selection of $15+ stocks with solid growth, and less than 10,000,000 > shares > > outstanding. I just cannot find that many - although there are some: MTEC > > comes to mind - it is the poster child for CANSLIM IMHO, with less than > > 5,000,000 shares out. > > > > One of the reasons I rarely post picks here is that the issues I find > with > > the most favourable risk/reward outlook (IMO), have been under $15 (and > many > > sub $10) stocks for quite some time. I know that the majority of list > > readers are resolute in sticking to higher price stocks, so I try not to > > bring them up often (someone explicitly asked me about MRGE today - so I > > posted my position). > > > > I do not like being pedantic - I like to make money. I use all the > letters > > in CANSLIM, giving 'S" far more weight than most people, but I don't > worry > > too much about the 'extra' WON criteria like price and volume. > > > > 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. > > > - > -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: Thu, 18 Apr 2002 14:25:16 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Tom or Ian I don't mind posting my stocks, but I haven't found anything to get excited about for many months, and what I've bought was not done using the canslim method. If something ever pops up that looks good I'll toss it out here for dissection (which is what usually happens). On 18 Apr 2002 at 15:26, William King wrote: > Re list posting........ > > As newbie and noncontributor to date, I can see the rationale of the older > and more astute members of the list to not share the results of their hard > work so that others can benefit. > > However, IMHO, there would be some benefit to the overall list if the new > members became better stock investors (and subsequently contributors) based > on analyzing the posted stocks. Personally, I have learned a lot already > by researching the stocks that are discussed to see if I would buy them > based on my understanding of the CANSLIM approach. > - - - -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: Thu, 18 Apr 2002 13:46:46 -0700 From: Ian Subject: Re: [CANSLIM] Tom or Ian "it's unfair that one should do all the work only for others to reap the benefits" I do not subscribe to that at all, and I am not sure that Katherine does either (although, you'd have to ask). My concerns are twofold: 1. My opinion can change quickly (with volume selling/bad news etc...), and I wouldn't want to feel 'responsible' if I forget to post that change of opinion to the board in a timely fashion. This is much more of an issue with illiquid microcaps than liquid megacaps. 2. It has been my impression that I have received negative feedback from posting microcaps (sub $10) here in the past. I really do believe that they are 'real' CANSLIM, but I realize that others here do not. I do not want to give this list the appearance of a 'penny stock' tout board. However, I will start to post a few more specific issues if there is interest: I was buying AIRM on Tuesday as I saw that it would likely hold its breakout at $8. I added off the open this morning in the $8.20-$8.30 range. It is now quite extended now from its $8 trigger point - that is one of the hardest parts about being successful with microcap CANSLIM breakouts - the 5% window at the trigger point can come and go literally within seconds. Cheers, Ian - ----- Original Message ----- From: To: Sent: Thursday, April 18, 2002 8:32 AM Subject: Re: [CANSLIM] Tom or Ian > Ian: > > I would add that earlier in the week, IBD ran a column (in either the > Big Picture or Investors Corner) saying that small and mid caps were easily > outpacing big caps. > > As for your third paragraph (One of the reasons I rarely post picks here > is that the issues I find with the most favourable risk/reward outlook > (IMO), have been under $15 (and many sub $10) stocks for quite some time. I > know that the majority of list > readers are resolute in sticking to higher price stocks, so I try not to > bring them up often...), I (for one) would value your picks as threshing the > stock-wheat from the stock-chaff. You've been in this group for some time, > and (in my opinion) you analytical astuteness (particularly with small caps) > is superlative. > > However, if you don't post the stocks you're interestd in, I can't say I > blame you. I agree with Katherine (although it may sound selfish, it makes > sense to me) that it's unfair that one should do all the work only for others > to reap the benefits. > > > > jans > > In a message dated 4/18/2002 12:19:42 AM Eastern Daylight Time, > ianstm@shaw.ca writes: > > << Dimitri: > > I prefer to buy stocks in the $12-$15 range, but that is not what the market > is offering right now. IMHO, the original 'S' in CANSLIM overrides price > nits. In fact, the biggest hurdle I see to a long sustained move up in tech > stocks is that they split way too many times in the 1998-2000 mania, leaving > most of them horrendously over-priced on a P/S or P/E basis above $15. (I > have long felt that the tech bear will finally be over when many of > yesteryears winners start doing reverse splits - LU's recent announcement > was encouraging). > > Remember that when WON did his original research, the median number of > shares outstanding was 4,000,000! I would absolutely love to have a large > selection of $15+ stocks with solid growth, and less than 10,000,000 shares > outstanding. I just cannot find that many - although there are some: MTEC > comes to mind - it is the poster child for CANSLIM IMHO, with less than > 5,000,000 shares out. > > One of the reasons I rarely post picks here is that the issues I find with > the most favourable risk/reward outlook (IMO), have been under $15 (and many > sub $10) stocks for quite some time. I know that the majority of list > readers are resolute in sticking to higher price stocks, so I try not to > bring them up often (someone explicitly asked me about MRGE today - so I > posted my position). > > I do not like being pedantic - I like to make money. I use all the letters > in CANSLIM, giving 'S" far more weight than most people, but I don't worry > too much about the 'extra' WON criteria like price and volume. > > 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. - - - -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 #2322 ****************************** 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.