From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2331 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 Friday, April 19 2002 Volume 02 : Number 2331 In this issue: RE: [CANSLIM] DFXI again Re: [CANSLIM] DFXI again Re: [CANSLIM] DFXI again ITRI (was Re: [CANSLIM] stock idea) [CANSLIM] (CANSLIM) ATPX [CANSLIM] Institutional Ownership Re: [CANSLIM] (CANSLIM) ATPX [CANSLIM] Off topic - Best Buy Re: [CANSLIM] Off topic - Best Buy Re: [CANSLIM] holdings ---------------------------------------------------------------------- Date: Fri, 19 Apr 2002 17:55:34 -0500 From: "Fred Richards" Subject: RE: [CANSLIM] DFXI again Das correct! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Logan, Scott L. Sent: Friday, April 19, 2002 4:59 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] DFXI again Fred, You are saying that if all the reasons I originally purchased the stock are in place, then repurchase at my original price on the way back up? I have been a little confused on this issue. Scott - -----Original Message----- From: Fred Richards [mailto:adrich@gte.net] Sent: Friday, April 19, 2002 4:47 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] DFXI again Your problem is that you did not repurchase when it went back through your stop loss point! Many investors and/or traders fail this basic test. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Rubin Sent: Friday, April 19, 2002 10:44 AM To: canslim@lists.xmission.com Subject: [CANSLIM] DFXI again Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and watched the stock surge higher, now hitting new highs on volume. Kicking myself for following CANSLIM rules. I know WON says this will happen but nevertheless it is discouraging. It's happened many times to me already. Each time it makes me want to throw CANSLIM out the window. I'm trying to ignore my emotions and do a constructive post-mortem. Did I buy wrong? I don't think so -- it was a nice cup-handle breakout and I bought within 5% of the pivot. Did I bail too soon? Maybe. I know you're supposed to cut losses at 8% period. But in this case on 4/4 it dropped below 8% only intraday, then it surged to recover above the pivot. In reviewing past similar trades, intraday activity has often been the cause. Many times a stock will shake out intraday only to recover before the day is done. So I wonder, should the 8% sell rule be applied on closing prices only? In this case, if I waited until the end of trading on 4/4, I'd still be in DFXI and enjoying the ride. Or maybe, should you simply ignore the first hour or two of trading during the day? It seems to me in many cases, early trading is very volatile and it's probably best to just sit on the sidelines until after lunch. - -- Dave _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.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. - - - -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: Fri, 19 Apr 2002 18:08:29 -0500 From: Gene Ricci Subject: Re: [CANSLIM] DFXI again This is a multi-part message in MIME format. - ------=_NextPart_000_084B_01C1E7CD.35C13150 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Fred, what I meant to say... it's also very difficult to jump back in to = a stock after being stopped out...=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 5:15 PM Subject: Re: [CANSLIM] DFXI again Fred, he's not unique... it's very difficult to follow rules as well = as the mental issues to get back in a stock... after being out of = without looking to see if the chart pattern is favorable. How do you get = around that? Gene ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 4:47 PM Subject: RE: [CANSLIM] DFXI again Your problem is that you did not repurchase when it went back = through your stop loss point! Many investors and/or traders fail this basic = test. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Rubin Sent: Friday, April 19, 2002 10:44 AM To: canslim@lists.xmission.com Subject: [CANSLIM] DFXI again Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and = watched the stock surge higher, now hitting new highs on volume. Kicking myself = for following CANSLIM rules. I know WON says this will happen but nevertheless it is = discouraging. It's happened many times to me already. Each time it makes me want to = throw CANSLIM out the window. I'm trying to ignore my emotions and do a constructive post-mortem. = Did I buy wrong? I don't think so -- it was a nice cup-handle breakout and = I bought within 5% of the pivot. Did I bail too soon? Maybe. I know = you're supposed to cut losses at 8% period. But in this case on 4/4 it = dropped below 8% only intraday, then it surged to recover above the pivot. In reviewing past similar trades, intraday activity has often been = the cause. Many times a stock will shake out intraday only to recover = before the day is done. So I wonder, should the 8% sell rule be applied on closing prices = only? In this case, if I waited until the end of trading on 4/4, I'd still be = in DFXI and enjoying the ride. Or maybe, should you simply ignore the first hour or two of trading = during the day? It seems to me in many cases, early trading is very = volatile and it's probably best to just sit on the sidelines until after lunch. -- Dave _________________________________________________________ Do You = Yahoo!? Get your free @yahoo.com address at http://mail.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. - -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_084B_01C1E7CD.35C13150 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Fred, what I meant to say... it's also = very=20 difficult to jump back in to a stock after being stopped out... =
----- Original Message -----
From:=20 Gene = Ricci
To: canslim@lists.xmission.com=
Sent: Friday, April 19, 2002 = 5:15=20 PM
Subject: Re: [CANSLIM] DFXI = again

Fred, he's not unique... it's = very=20 difficult to follow rules as well as the mental issues to get = back in=20 a stock...  after being out of without looking to see = if the=20 chart pattern is favorable. How do you get around that?
 
Gene
 
----- Original Message -----
From:=20 Fred = Richards=20
Sent: Friday, April 19, 2002 = 4:47=20 PM
Subject: RE: [CANSLIM] DFXI = again

Your problem is that you did not repurchase when it = went back=20 through your
stop loss point!  Many investors and/or traders = fail=20 this basic test.

-----Original Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]On=20 Behalf Of Dave Rubin
Sent: Friday, April 19, 2002 10:44 AM
To: = canslim@lists.xmission.com=
Subject:=20 [CANSLIM] DFXI again


Bought DFXI on 3/28 breakout. Sold = for loss=20 on 4/4. Sat back and watched the
stock surge higher, now hitting = new=20 highs on volume. Kicking myself for
following CANSLIM = rules.

I=20 know WON says this will happen but nevertheless it is discouraging.=20 It's
happened many times to me already. Each time it makes me = want to=20 throw
CANSLIM out the window.

I'm trying to ignore my = emotions and=20 do a constructive post-mortem. Did I
buy wrong? I don't think so = - -- it=20 was a nice cup-handle breakout and I
bought within 5% of the = pivot. Did I=20 bail too soon? Maybe. I know you're
supposed to cut losses at 8% = period.=20 But in this case on 4/4 it dropped
below 8% only intraday, then = it surged=20 to recover above the pivot.

In reviewing past similar trades, = intraday activity has often been the
cause. Many times a stock = will shake=20 out intraday only to recover before the
day is done.

So I = wonder,=20 should the 8% sell rule be applied on closing prices only? = In
this case,=20 if I waited until the end of trading on 4/4, I'd still be in = DFXI
and=20 enjoying the ride.

Or maybe, should you simply ignore the = first hour=20 or two of trading during
the day? It seems to me in many cases, = early=20 trading is very volatile and
it's probably best to just sit on = the=20 sidelines until after=20 = lunch.

--
Dave

 ___________________________________= ______________________=20 Do You Yahoo!?
Get your free @yahoo.com address at http://mail.yahoo.com
-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 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_084B_01C1E7CD.35C13150-- - - - -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: Fri, 19 Apr 2002 18:35:03 -0500 From: "david frank" Subject: Re: [CANSLIM] DFXI again fred, easily said; but prove your point!!!david - ----- Original Message ----- From: "Fred Richards" To: Sent: Friday, April 19, 2002 4:47 PM Subject: RE: [CANSLIM] DFXI again > Your problem is that you did not repurchase when it went back through your > stop loss point! Many investors and/or traders fail this basic test. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Rubin > Sent: Friday, April 19, 2002 10:44 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] DFXI again > > > Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and watched the > stock surge higher, now hitting new highs on volume. Kicking myself for > following CANSLIM rules. > > I know WON says this will happen but nevertheless it is discouraging. It's > happened many times to me already. Each time it makes me want to throw > CANSLIM out the window. > > I'm trying to ignore my emotions and do a constructive post-mortem. Did I > buy wrong? I don't think so -- it was a nice cup-handle breakout and I > bought within 5% of the pivot. Did I bail too soon? Maybe. I know you're > supposed to cut losses at 8% period. But in this case on 4/4 it dropped > below 8% only intraday, then it surged to recover above the pivot. > > In reviewing past similar trades, intraday activity has often been the > cause. Many times a stock will shake out intraday only to recover before the > day is done. > > So I wonder, should the 8% sell rule be applied on closing prices only? In > this case, if I waited until the end of trading on 4/4, I'd still be in DFXI > and enjoying the ride. > > Or maybe, should you simply ignore the first hour or two of trading during > the day? It seems to me in many cases, early trading is very volatile and > it's probably best to just sit on the sidelines until after lunch. > > -- > Dave > > _________________________________________________________ Do You Yahoo!? > Get your free @yahoo.com address at http://mail.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. > > > - > -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: Fri, 19 Apr 2002 20:53:26 -0400 From: "Tom Worley" Subject: ITRI (was Re: [CANSLIM] stock idea) Hi Neal, Chart looks to me to be extended. If you are already in it, that's ok, but it would not be a buy right now. I see a rough c&h basing pattern that started with the left lip on 12/28/01. The cup is poorly formed and ragged, the blow off selling occurred too early. Volume on the right side is not as heavy as I would prefer. Handle formed from 3/14 to 4/9. Volume in the handle was inconsistent, and did not dry up as much as desired. Breakout was from 30.50 or so, at 35.55 it is nearly 15% higher, thus extended as I read it. You could argue that the high set on 12/5 at 34.21 establishes the pivot point, but then that disregards the c&h formation. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message ----- From: "Neal Frankle" To: Sent: Friday, April 19, 2002 12:39 PM Subject: RE: [CANSLIM] stock idea Thanks, Tom. Quarterly sales/earnings look very stong.The chart looks good to me. Ratings are strong. Weekly chart looks good too. Is that enough to get on the watch list? Neal - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Friday, April 19, 2002 8:47 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] stock idea why do you like it, Neal? Give us some CANSLIM reasons, please. It's certainly not taboo to discuss individual stock picks, but makes the discussion a lot more useful if you present it with your reasons why it is your CANSLIM pick. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message ----- From: "Neal Frankle" To: "Jeff Salisbury" Sent: Friday, April 19, 2002 11:43 AM Subject: [CANSLIM] stock idea I don't know if now its taboo to discuss individual picks.....I suppose this changes and I may have missed the latest decision. ITRI Whadya think? Neal - - - -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: Fri, 19 Apr 2002 21:17:20 -0400 From: "Denis Breglia" Subject: [CANSLIM] (CANSLIM) ATPX I have a question for the more experienced members of the list. ATPX hit my version of a CANSLIM radar screen last week (4/10). My screen is fairly simplistic and quick to apply at the end of the trading day for next day or afterhours trades. I first look for new highs on no less than 3X ADV (canslim.net (breakouts)or barchart.com(52 week highs)(Volume & ADV from Yahoo.com)). Then I run the symbols through the CANSLIM stock evaluator so graciously provided by cwhcharts. If it scores at least 6/11, I then take a look at the chart. In the case of ATPX, the chart looked like a C&H with the left side of the cup around Nov 1. Right side rising to a pivot of around $30.00 around Mar 11. The pivot was broken on volume Apr 10. ATPX is in the "casino" sector. Since there have been a couple of stocks that passed my screen in this sector over the past ten days (ISLE, AZR) I decided to wait for a pullback and buy it. I missed my opportunities on 4/11 & 4/12. Yesterday I made my buy on a Limit of 32.50. I placed a stop below the pivot at 29.40. Now.....my question.... The stock traded today (during NYSE hours) in a range from $32.75 to $34.95. When I went to look at the afterhours quote I was surprised to see a sale at $1.00. I assume that someone had put in a $1.00 bid and someone else had placed a market sell order. Is there any other way this sale could have occurred? If it happened this way, is it a legal sale or is it considered a "mistake" and the trade is nullified? Thanks to all who share their wisdom and experience in this forum. - - - -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: Fri, 19 Apr 2002 20:35:06 -0500 From: "Matt & Alicia Leverette" Subject: [CANSLIM] Institutional Ownership This is a multi-part message in MIME format. - ------=_NextPart_000_0085_01C1E7E1.B11EAD00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi, I have been considering ANSS. It is rated a 98 on IBD Stock Checkup and = it's chart looks pretty good to me. Also, I have noticed other stocks = within it's group have been doing well of late. My question has to do with Institutional Ownership. ANSS is at 81% (89% = of Float). I know this is high, but how important of a factor is this. I would love some thoughts. Matt - ------=_NextPart_000_0085_01C1E7E1.B11EAD00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi,
 
I have been considering ANSS.  It = is rated a=20 98 on IBD Stock Checkup and it's chart looks pretty good to me.  = Also, I=20 have noticed other stocks within it's group have been doing well of=20 late.
 
My question has to do with = Institutional=20 Ownership.  ANSS is at 81% (89% of Float).  I know this is = high, but=20 how important of a factor is this.
 
I would love some = thoughts.
 
Matt
- ------=_NextPart_000_0085_01C1E7E1.B11EAD00-- - - - -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: Fri, 19 Apr 2002 21:35:23 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] (CANSLIM) ATPX - --part1_36.26300114.29f21fdb_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit This is one I own, I see 100 shares traded at 33.96 after hours. They are in the aero space and defense industry. Chris. - --part1_36.26300114.29f21fdb_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit This is one I own, I see 100 shares traded at 33.96 after hours. They are in the aero space and defense industry.

Chris. - --part1_36.26300114.29f21fdb_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: Fri, 19 Apr 2002 19:52:15 -0600 From: Warren Keuffel Subject: [CANSLIM] Off topic - Best Buy Tom, Herewith a blurb announcing Barron's lead story. Seeing how much you like Barrons *and* Best Buy I felt this was too timely to let slide by. - --------------- Best of All Consumer electronics retailer Best Buy tops this year's Barron's 500, a report card on how the biggest companies perform for investors. Others in the top 10 include AdvancePCS, Performance Food Group, AutoZone, Kellogg and Fifth Third Bancorp. Dunce caps go to the airlines. - ------------- Warren - - - -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: Fri, 19 Apr 2002 21:55:30 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Off topic - Best Buy gee, makes me tempted to short them all, even the airlines, altho they look to be starting a recovery Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message ----- From: "Warren Keuffel" To: "CANSLIM list" Sent: Friday, April 19, 2002 9:52 PM Subject: [CANSLIM] Off topic - Best Buy Tom, Herewith a blurb announcing Barron's lead story. Seeing how much you like Barrons *and* Best Buy I felt this was too timely to let slide by. - --------------- Best of All Consumer electronics retailer Best Buy tops this year's Barron's 500, a report card on how the biggest companies perform for investors. Others in the top 10 include AdvancePCS, Performance Food Group, AutoZone, Kellogg and Fifth Third Bancorp. Dunce caps go to the airlines. - ------------- Warren - - - -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: Fri, 19 Apr 2002 19:59:43 -0700 From: Ian Subject: Re: [CANSLIM] holdings This is a multi-part message in MIME format. - --Boundary_(ID_CpiOlOGninQp1NyVm3uHjA) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT David: Since you asked, and I've been getting numerous requests for lists, I figured I'd toss out some names for perusal. Remember that almost all of these are far extended from where they were when their quantum volume changes hit, and are not currently personal buy candidates. Please treat this as a 'proof of strong "M"', which is the context in which I threw it together: My only significant new buy this week was AIRM, at an $8 pivot point, although I pyramided a little to some others. But I have been watching many others that I bought earlier continue to rise: MRGE - from a pivot around $4.80 CVGR - from a pivot at $3.35 NSYS - from pivot at $8.60 PMSI - from $6.80 pivot PAGI - from a pivot at $18.10 FNIS - from a pivot at $14.30 (sold today on strong distribution) USAP - from a pivot at $9.60 TENT - from a pivot at $9 Ones that I prematurely or already sold, but are still rising: NBSC - from $6 MTEC - from $24.50 pivot BEL - from $4 pivot, and $6.50 pivot, and $7 pivot ... USLB - from a pivot at $9.90 DOCC - from a pivot at $4 NWRE - from a pivot at $3 ONDI - from a pivot at $8 (was recently bought out at $12) ICTG - (from deep in the base, around $11) QGLY - (from a pivot at $4 - just sold, appears to have peaked yesterday) ATPX - from a pivot at $20 DFXI - (I bought it and sold it the same day, for a loss, in early November around $20. Think I sold at the bottom tick under $20 :( I have a terrible track record of selling too early for a loss when buying in the base - I am prone to costly vaccilation.) Others - without CANSLIM charts, but rising: FWHT - from the base at $3.25 ALOG - non-CANSLIM (but about to have massive growth) from the base in the $38-$42 range TKCI - from the base at $10 Even issues that I consider short candidates (others might consider them solid CANSLIM stocks) are rising strongly: CSTR DYII XMM (This was on my long list from a pivot at $9.25 - before the recent news) I do also have a large list that are going nowhere, but I don't have nearly as many that are actually strongly trending down, although there are definitely some of them. Also, if I started looking through my notes at the ones that I never purchased, but interested me, the list of rising issues would be a lot bigger -particularly the small/microcap restaurants/retailers that I tend to avoid - many of them are moving up on strong volume compared to their historical averages. The point is that my watch lists, which are 95% culled from stocks with rising revenues and EPS, and modest valuations (issues with extraordinary upcoming growth, but non-existant current EPS like ALOG are exceptions), are littered with strongly uptrending stocks, many rangebound stocks, and far fewer that are trending down. What is CANSLIM about buying them now is this: they are all showing strong growth, and the market is clearly rewarding them for that growth. That has not always been the case for the last 25 months. It appears to be the case now. How much more evidence should I need? Ian PS - I realize that I am being strongly opinionated about this right now, and I apologize if it offends. But I can't help thinking that those who think we are still in a broad bear market are akin to the people who, refusing to look at tech in Oct '98 - Feb '00, thought we were in a terrible bear back then, and failed to profit from what the market was offering. I do understand that if I had tens of millions of dollars to manage, I might have a different perspective -as it would be decidedly harder to place the capital efficiently. But I do not have that problem, so it does not cloud my perspective. - ----- Original Message ----- From: david frank To: canslim@lists.xmission.com Sent: Friday, April 19, 2002 3:57 PM Subject: Re: [CANSLIM] holdings i wonder what stocks you have been buying and at what pivot points? and what is CANSLIM about buying stocks now other than what you "feel"? david ----- Original Message ----- From: Ian To: canslim@lists.xmission.com Sent: Friday, April 19, 2002 4:10 PM Subject: Re: [CANSLIM] holdings "this is not really the time to buy stock not unless you are a gambler and get a thrill out of losing money" My percentage of winners to losers hasn't been this high in a loooong time. After being dogged hard work since Feb 2000, I'm finally starting to feel like its getting a bit 'easier'. It feels like a strong 'M' to me. And I'm reinforced in my view when MSFT can go up on the garbage outlook they gave last night - i.e, its nice to know that I don't have to lose sleep over broad-based panic selloffs. Ian PS - I 'bottom-fished' PENN at $10 just 16 months ago, and sold it for a wash, saying to myself: "bottom-fishing isn't CANSLIM, bottom-fishing isn't CANSLIM", in spite of their fabulous fundamentals at the time. The change in average-daily-volume since its real breakout at around $18 last April has been impressive. That's when I "should" have bought it - I suspect the fact that I'd sold it at $10 just 4 months earlier held me back - another valid reason for not bottom-fishing: it might effect your future trades! ----- Original Message ----- From: david frank To: canslim@lists.xmission.com Sent: Friday, April 19, 2002 11:42 AM Subject: Re: [CANSLIM] holdings Chris, if you all kicked butt on wall street-what has happened to that group??? personally,i like PENN, although it broke out this morning at 38.80. had a flat base than small cup with great fundamentals and high industry group. that being said-this is not really the time to buy stock not unless you are a gambler and get a thrill out of losing money. for every DFXI, there are many more that you will lose a lot of money on if you don't cut your losses. david -Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Friday, April 19, 2002 11:04 AM Subject: Re: [CANSLIM] holdings Katherine, comments from a different angle, well put and you do make a lot of sense. I sometimes just get a little frustrated that we don't have a watch list, and we don't quickly identify breakouts to each other. Years ago I was part of another CANSLIM group and we really kick butt on wall street, we did have a watch list and we all immediately noted and discussed breakouts. I just have to realize that the dynamics with this group is different and not try to change things. Your input is appreciated, Chris. - --Boundary_(ID_CpiOlOGninQp1NyVm3uHjA) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
David:
 
Since you asked, and I've been getting numerous requests for lists, I figured I'd toss out some names for perusal. Remember that almost all of these are far extended from where they were when their quantum volume changes hit, and are not currently personal buy candidates. Please treat this as a 'proof of strong "M"', which is the context in which I threw it together:
 
 
 
My only significant new buy this week was AIRM, at an $8 pivot point, although I pyramided a little to some others.
 
But I have been watching many others that I bought earlier continue to rise:
MRGE - from a pivot around $4.80
CVGR - from a pivot at $3.35
NSYS - from pivot at $8.60
PMSI - from $6.80 pivot
PAGI - from a pivot at $18.10
FNIS - from a pivot at $14.30 (sold today on strong distribution)
USAP - from a pivot at $9.60
TENT - from a pivot at $9
 
 
Ones that I prematurely or already sold, but are still rising:
NBSC - from $6
MTEC - from $24.50 pivot
BEL - from $4 pivot, and $6.50 pivot, and $7 pivot ...
USLB - from a pivot at $9.90
DOCC - from a pivot at $4
NWRE - from a pivot at $3
ONDI - from a pivot at $8 (was recently bought out at $12)
ICTG - (from deep in the base, around $11)
QGLY - (from a pivot at $4 - just sold, appears to have peaked yesterday)
ATPX - from a pivot at $20
DFXI - (I bought it and sold it the same day, for a loss, in early November around $20. Think I sold at the bottom tick under $20 :( I have a terrible track record of selling too early for a loss when buying in the base - I am prone to costly vaccilation.)
 
 
Others - without CANSLIM charts, but rising:
FWHT - from the base at $3.25
ALOG - non-CANSLIM (but about to have massive growth) from the base in the $38-$42 range
TKCI - from the base at $10
 
 
Even issues that I consider short candidates (others might consider them solid CANSLIM stocks) are rising strongly:
CSTR
DYII
XMM (This was on my long list from a pivot at $9.25 - before the recent news)
 
I do also have a large list that are going nowhere, but I don't have nearly as many that are actually strongly trending down, although there are definitely some of them.
 
Also, if I started looking through my notes at the ones that I never purchased, but interested me, the list of rising issues would be a lot bigger -particularly the small/microcap restaurants/retailers that I tend to avoid - many of them are moving up on strong volume compared to their historical averages.
 
 
The point is that my watch lists, which are 95% culled from stocks with rising revenues and EPS, and modest valuations (issues with extraordinary upcoming growth, but non-existant current EPS like ALOG are exceptions), are littered with strongly uptrending stocks, many rangebound stocks, and far fewer that are trending down. What is CANSLIM about buying them now is this: they are all showing strong growth, and the market is clearly rewarding them for that growth. That has not always been the case for the last 25 months. It appears to be the case now. How much more evidence should I need?
 
Ian
 
PS - I realize that I am being strongly opinionated about this right now, and I apologize if it offends. But I can't help thinking that those who think we are still in a broad bear market are akin to the people who, refusing to look at tech in Oct '98 - Feb '00,  thought we were in a terrible bear back then, and failed to profit from what the market was offering. I do understand that if I had tens of millions of dollars to manage, I might have a different perspective -as it would be decidedly harder to place the capital efficiently. But I do not have that problem, so it does not cloud my perspective.
 
----- Original Message -----
Sent: Friday, April 19, 2002 3:57 PM
Subject: Re: [CANSLIM] holdings

i wonder what stocks you have been buying and at what pivot points? and what is CANSLIM about buying stocks now other than what you "feel"? david
----- Original Message -----
From: Ian
Sent: Friday, April 19, 2002 4:10 PM
Subject: Re: [CANSLIM] holdings

"this is not really the time to buy stock not unless you are a gambler and get a thrill out of losing money"
 
My percentage of winners to losers hasn't been this high in a loooong time. After being dogged hard work since Feb 2000, I'm finally starting to feel like its getting a bit 'easier'. It feels like a strong 'M' to me. And I'm reinforced in my view when MSFT can go up on the garbage outlook they gave last night - i.e, its nice to know that I don't have to lose sleep over broad-based panic selloffs.
 
Ian
 
 
PS - I 'bottom-fished' PENN at $10 just 16 months ago, and sold it for a wash, saying to myself: "bottom-fishing isn't CANSLIM, bottom-fishing isn't CANSLIM", in spite of their fabulous fundamentals at the time. The change in average-daily-volume since its real breakout at around $18 last April has been impressive. That's when I "should" have bought it - I suspect the fact that I'd sold it at $10 just 4 months earlier held me back - another valid reason for not bottom-fishing: it might effect your future trades!
 
 
----- Original Message -----
Sent: Friday, April 19, 2002 11:42 AM
Subject: Re: [CANSLIM] holdings

Chris, if you all kicked butt on wall street-what has happened to that group??? personally,i like PENN, although it broke out this morning at 38.80. had a flat base than small cup with great fundamentals and high industry group. that being said-this is not really the time to buy stock not unless you are a gambler and get a thrill out of losing money. for every DFXI, there are many more that you will lose a lot of money on if you don't cut your losses. david -Original Message -----
Sent: Friday, April 19, 2002 11:04 AM
Subject: Re: [CANSLIM] holdings

Katherine, comments from a different angle, well put and you do make a lot of sense. I sometimes just get a little frustrated that we don't have a watch list, and we don't quickly identify breakouts to each other. Years ago I was part of another CANSLIM group and we really kick butt on wall street, we did have a watch list and we all immediately noted and discussed breakouts. I just have to realize that the dynamics with this group is different and not try to change things.

Your input is appreciated,  Chris.
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