From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #277 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Tuesday, June 9 1998 Volume 02 : Number 277 In this issue: Re: [CANSLIM] PAYX Double Bottom--TA!!--Craig [CANSLIM] Re.WWW site Re: [CANSLIM] PAYX Double Bottom--TA!!--Tim [CANSLIM] Re: PAYX Re: [CANSLIM] Re: Why Newcomers Don't Post [CANSLIM] Surrogates - Db, Frank Re: [CANSLIM] Group Stuff - No Stocks Re: [CANSLIM] TMBS breakout [CANSLIM] Listserve Help [CANSLIM] Re: OPv2 [CANSLIM] Re Today's Investor's Corner in IBD Re: [CANSLIM] Re: OPv2 [CANSLIM] Test: Ignore (or if you get this, reply to me directly!) Re: [CANSLIM] Test: Ignore (or if you get this, reply to me directly!) Re: [CANSLIM] Test: Ignore (or if you get this, reply to me directly!) [CANSLIM] FTIC, PMCO ---------------------------------------------------------------------- Date: Mon, 8 Jun 1998 20:20:32 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] PAYX Double Bottom--TA!!--Craig There was no "choice" involved. I merely pointed out a legitimate breakout on >1.5X ADV off of a 4-week base on a stock which meets all CANSLIM criteria that I am aware of. Last I heard, that was the point of this mail list. At 08:59 AM 6/8/98 -0700, you wrote: > >Please note that I'm not criticizing Tim's choice, just sounding a >note of caution. Downside may be limited to the 50d or it may extend >all the way to the preceding low. Volume isn't giving us much help, >and we don't have any clues from a base. So chicken me would just >wait for the stock to decide which fork it's going to take. > >--Db Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 8 Jun 1998 23:48:14 EDT From: Subject: [CANSLIM] Re.WWW site Group: Someone in this group sent a site address. I visited it, and although I didn't stay long, I commend it to your attention. It might not appeal to you, but it looks like a keeper to me. The address is: http://www.canslim.net/new.htm jans - - ------------------------------ Date: Mon, 8 Jun 1998 20:50:59 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] PAYX Double Bottom--TA!!--Tim <1.5X ADV off of a 4-week base on a stock which meets all CANSLIM criteria that I am aware of. Last I heard, that was the point of this mail list.>> Sorry to have offended you. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 08 Jun 1998 22:55:59 -0500 From: Dave Cameron Subject: [CANSLIM] Re: PAYX Tim mentioned PAYX. I agree on the double bottom. I'd wait for a breakout to 39. It could languish here for quite a while. Dave C. - - ------------------------------ Date: Mon, 08 Jun 1998 22:58:03 -0500 From: Dave Cameron Subject: Re: [CANSLIM] Re: Why Newcomers Don't Post Frank V. Wolynski wrote: > > As a newby to the group, I'd like to give a big thanks to all the veterans > for sticking around and sharing your experiences, readings, and analytical > methodologies. On subject and off! Haven't had to use my kill filter yet! > Frank.... I started this thread (I think...), and IMHO, you are NOT a newby to the group. I don't know how long you've been a part of it, but you have been putting out a real effort for a while. Thanks for sharing your thoughts, learnings, and insights! > Thanks All, > Frank Wolynski Back at ya. Dave C. > > - - - ------------------------------ Date: Mon, 08 Jun 1998 18:51:34 -0400 From: Jeffry White Subject: [CANSLIM] Surrogates - Db, Frank Thanks Frank and Db for the posts on IGroups: Frank: > I used to cut that section out, then sit with a highlighter and mark only > the groups making postive ranking changes with an orange or yellow > highlighter. Only the positive changes! After a few weeks of that, tell me > you don't get a feel for what is going on in the groups! Only takes about > 10 minutes and is worth it in my opinion! > > Save these highlighted group tables in a clear document protector and place > it in a 3 ring binder. Write the date at the top of the group table. > > Worked for me, your mileage may vary. > My mileage would be the equivalent of 1959 Mercury Monterey towing a modular home. I still gotta work for a living, but I see your point. It's about what I've been trying to do, just not all neat and tidy like an engineer. More like a lawyer with crap all over his desk, who claims to know where everything is. Db: > If you don't have $35 to spend, go to the library and look up the > Companies In The Spotlight (or whatever they're called). Thanks, I've got the $35, fortunately, since my local library is smaller than my 10 cord woodshed, and the closet candidate for some such literature is 2 1/2 hours away. How about Woodwards # or address? I'd consider Telescan, at this point. Appreciate the feedback. Jeffry (with orange hi-liter all over his best slacks) - - ------------------------------ Date: Tue, 09 Jun 1998 07:41:32 -0400 From: baker Subject: Re: [CANSLIM] Group Stuff - No Stocks that book is worth every penny frank baker Frank V. Wolynski wrote: > At 19:16 6/8/98 -0400, bamend wrote: > >How can you find the stocks that make up a particular group? > > > > Alas, I bought the Industry Group Index as advertised in IBD. Before that I > was having fairly good success at accumulating the stocks via the free Beta > of DGO. It took a while that way. I find the Industry Group Index useful to > my study of the Industry groups. You may find it only to be a book full of > ticker symbols and names. Before I recommend purchasing it, determine if > you truly have the need. > > The book is organized in three sections. > *The first section is alphabetical by industry group. Beneath each group is > every stock contained in the group. > * The second section is listed alphabetically by company name, then in > additional columns, the ticker and IG names. > * The third section is arranged alpha by ticker symbol, then following the > name and IG. > > Frank Wolynski > > - - - ------------------------------ Date: Tue, 09 Jun 1998 14:37:04 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] TMBS breakout On Mon, 08 Jun 1998 19:12:08 +0200, you wrote: :TMBS is near the upper (resistance) trendline now (22.5 area). : :FWIW. And I think that's worth a lot. If it doesn't pull back in short order I'll be surprised. Dan - - ------------------------------ Date: Tue, 9 Jun 1998 10:45:12 -0400 From: "James Adams" Subject: [CANSLIM] Listserve Help I need to know how to go no-mail for a few days. Thanks James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Tue, 9 Jun 1998 11:46:44 EDT From: Subject: [CANSLIM] Re: OPv2 Johan: What is OPv2, and where on the Web can I find more info on it? I have never heard of this-I suppose "acronym"-before. jans - - ------------------------------ Date: Tue, 9 Jun 1998 12:51:11 EDT From: Subject: [CANSLIM] Re Today's Investor's Corner in IBD Group: Today's IBD had an article that I thought this group's members would be interested in. I cut-&-pasted the thoughts that appeared interesting and instructive to me. Also, since the consensus in this group (and I agree with it) is that we are in a correction in a bull rally, I thought these thoughts would be especially timely. Anyway, here are what I thought are the salient points: It's important to move early into a rally. On average, 30% of a stock's price movement is due to the general market. Plus, prices make most of their progress near the start of an uptrend. But keep an eye out for bear traps. Investors who jump on the first big wave can wind up taking a bath. The indexes can spike up, only to fall back and head lower. That makes now a good time to brush up on confirmation signals: indicators that corroborate or contradict the indexes. (The confirmation indicators are volume, adv/dec, hi/lows.- MY PARENTHESES) Trading volume ranks among the most important gauges. Market technician Victor Weintraub argues that the correction has yet to put in a convincing bottom. Again, volume holds the key. In a true bottom, the indexes should set lows on a big surge in trading activity, says Weintraub. That would imply a sell- off by the weakest shareholders. Sustained rallies need strong holders who will ride a rally rather than skittish investors eager to sell into an upturn. ''I would be very suspicious of an upturn right now,'' Weintraub said. ''We haven't seen any of the trappings of an exhaustion sell- off.'' Volume plays a role in another confirmation pattern: the follow-through day. Let's say the market rallies off a possible bottom. A follow-through day occurs four to seven sessions into the attempted rally when the Dow, S&P 500 or Nasdaq gains more than 1% on rising volume. That often indicates a real rally is at hand. No volume expansion, no follow-through day. Rising stock prices ultimately depend on growing cash flows into stocks. (How do you measure cash inflows?-MY PARENTHESES) Fund manager Louis Navellier notes the current correction followed a decline in cash inflows and volume in April. Investors looking for a reprise, he says, should watch for a pickup in volume as an index advances. Sometimes the A-D line will turn up and break past prior resistance levels before a strong rally. Many professionals like to use the A-D to confirm other indicators. For instance, Weintraub relies mainly on his own online oscillator, accessible on his free Web site at www.firstcap.com, to call tops and bottoms. But he uses the A-D line to help confirm its readings. Another handy breadth measure is the number of stocks making new highs vs. new lows. You'll find those daily statistics along with their component stocks and industry groups in IBD'S lists of ''New Price Highs'' and ''New Price Lows,''. Your market watching should inform your stock selection. Studies show that almost half of a typical stock's price movement is due to its industry group and economic sector. However, leading groups of the past usually make poor guides for the future. Each rally tends to send up its unique set of leading groups. Cast for rising talent, rather than existing stars. One place to find emerging leaders is the list of ''New Price Highs.'' As new groups make the list, dig into their component stocks. To spot emerging leaders, some market pros start with groups in the 197 Industry Group ranked from No. 50 to No. 40. Of those, they focus on the few that moved up from the bottom hundred rankings in just three months. That represents a powerful move from the lower half of the market to the upper quarter. But you're still catching the move before it has become too obvious. Chances are, some of the best stocks in those groups will lead the market. IBD publishes a book, ''Industry Group and Ticker Symbol Index,'' which cross- references the groups with their component stocks. jans - - ------------------------------ Date: Tue, 09 Jun 1998 19:11:11 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Re: OPv2 Jans, QPv2 = Quotes Plus version 2. Their www-site is at: http://www.quotes-plus.com At 11:46 AM 09-06-98 EDT, you wrote: >Johan: > > What is OPv2, and where on the Web can I find more info on it? I have >never heard of this-I suppose "acronym"-before. > > jans Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Tue, 9 Jun 1998 17:58:12 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] Test: Ignore (or if you get this, reply to me directly!) No messages from CANSLIM all day. Server down? Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 9 Jun 1998 21:17:38 -0400 (EDT) From: Lehman Dennis Subject: Re: [CANSLIM] Test: Ignore (or if you get this, reply to me directly!) p006601b@pbfreent.seflin.lib.fl.us On Tue, 9 Jun 1998, Tim Fisher wrote: > No messages from CANSLIM all day. Server down? > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > Received at 9:08 I have been meaning to email you, I belong to the South florida gem and mineral club, just came back from cowie valley in north carolina from one of the unsalted mines. I found one ruby and four saphires,large enough to cab. Spoke to a man there who found a 25kt saphire there, most of them are pink to liliac in color. Most of the people that go there have going for years. I hope you have better luck in the market that me. Happy Trading Dennis - - ------------------------------ Date: Tue, 9 Jun 1998 21:49:25 EDT From: Subject: Re: [CANSLIM] Test: Ignore (or if you get this, reply to me directly!) Tim, I got several messages today as of 4pm, but only your test messages tonight. While I have your attention, check ABAG. New buy to my porfolio this week.Breaking out on huge volume, reported earnings Monday up 133%.EPS 91 RS 91. Group strenght has improved to 50 from 140 three months ago. Saftey Components Intl. is a manufacturer of Air bags. With brisk car sales and advent of side impact bags they may be poised for a nice move. I bought in at 17 7/16 which is pivot point if you look at daily charts, but sitting right on 2year high as of close today. Only 2.3 mil in the float. Chris. - - ------------------------------ Date: Wed, 10 Jun 1998 00:06:15 EDT From: Subject: [CANSLIM] FTIC, PMCO Someone please give me some input on these two. FTIC seems to be basing though not for as long a period as I'd like. It popped 1 1/2 in the last hour of trading today. Though trading was below ADV it's important (IMHO) that over half of the shares traded were in that last hour. Could this be an elephant print or just some pygmie with a thick wallet. On the TA side it appears to be a buy, sloscho, EMA's, MACD, Vol Accum, and Vol + all appear positive. Opinions please. PMCO has some CANSLIM attributes but is far from pure. No real base to speak of though TA indicators seems positive. Having a tough time deciding on this. Someone had mentioned it (I think) in the not so distant past. I also want to thank whoever listed ABAG. I've placed it on my watch list and will attempt to do more research tonite. Greg - - ------------------------------ End of canslim-digest V2 #277 ***************************** 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.