From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2838 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 Tuesday, August 20 2002 Volume 02 : Number 2838 In this issue: [CANSLIM] Too Soon To Buy? Seeking Wise Advice RE: [CANSLIM] stop losses and profits [CANSLIM] CACI (CAI) [CANSLIM] Ticker help Re: [CANSLIM] Ticker help [CANSLIM] Rose Colored Goggles? Re: [CANSLIM] Rose Colored Goggles? [CANSLIM] Intro - Bob Mansk Re: [CANSLIM] Home Depot [CANSLIM] eIBD Re: [CANSLIM] eIBD Re: [CANSLIM] Intro - Bob Mansk ---------------------------------------------------------------------- Date: Tue, 20 Aug 2002 16:22:15 -0400 From: "Gasta, Jeffrey" Subject: [CANSLIM] Too Soon To Buy? Seeking Wise Advice Hello, For the first time since I started studying CANSLIM (two months), I see IBD giving optimistic comments. Are we far enough away from the July 24th market bottom to buy stocks? If not, what conditions still need to be met? Many thanks to all of you - have learned a lot and didn't have to loose money in the process! jg Jeffrey Gasta Telecommunications Engineering Marriott International Voice: 301.380.6204 Fax: 301.380.8649 jeff.gasta@marriott.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: Tue, 20 Aug 2002 18:37:22 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] stop losses and profits Katherine: Good points here, and not a lot unlike my own discipline. "Once 8-week mark passes, new sell rules kick in," prompts me to ask what everyone else is thinking. As in, "What sell rules kick in?" Here's where I'm coming from: What if we all take a little time here to bone up on our sell rules? Throw some concepts out on the table (everyone does have a list, don't they?) and get ready for the day when we may need them again (if it ever comes!). Just a thought. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, August 20, 2002 3:42 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] stop losses and profits HI Mike, I know I talked a bit in circles on this topic and it may have been because I didn't read your question/response closely enough. Here's the summary of my thinking on this issue: I separate my sell rules into several distinct time periods, and the rules vary a bit depending on what the stock does within a certain amount of time. All of this also assumes a healthy "M", of course: 1. Time period: 1st 2 wks after breakout: If the stock rises, regardless of the percentage, then falls back on low volume, the 8% rule still holds. I do not add to a position unless the stock falls back near the pivot on *low volume.* I am skeptical and keep a sharp eye if it drops below the pivot, but it's not uncommon for this to happen, especially in iffy markets, and especially in the first week. That's what the 8% rule is there for, it gives you some leeway, but there are times where it goes up quickly and then falls back and you're stuck with the 8% loss. When the volume picks up to the downside, I'll move the stop to breakeven. If the volume is severe, I'll be out before it hits that point. 2. Once the stock passes the 2 wk mark and up to the 8th week: I've moved my stop to breakeven. That way, I don't have to take a loss in a stock that's risen and stayed above its pivot. 3. Once the 8 wk mark passes, new sell rules kick in. On something like NCEN, in particular, you were fighting against tide to begin with, so there was already extra risk in your purchase. The market was in a clear downtrend and had shown no signs of follow-thru. Second warning was the churning it put in on 6/27, 6/28. Lots of volume and very little price progress--yellow flag. That makes 2 because the poor market is a yellow flag to begin with. Next warning: a big tail down on 7/1, though the volume was relatively benign and didn't qualify as a "distribution" day. Last warning to head for the exits: 7/2. A big volume day and big tail down. That's 4 yellow flags in a row. Time to exit if you haven't already done so. If it wasn't clear on 7/2, it was screaming for attention on 7/5--an up day on very low volume. Assuming you'd missed all the signals, then you still would be saved by a breakeven stop if you'd entered on the breakout 6/19. All in all, the 8% stop is useful, but far less important than all the other sell rules after a stock breaks out. Katherine - ----- Original Message ----- From: To: Sent: Tuesday, August 20, 2002 2:19 PM Subject: Re: [CANSLIM] stop losses and profits | | Katherine, | | I actually followed this thinking and watched a nice profit (15%) in | NCEN turn into an 8% loss as the bottom dropped out. I think it has | made me make a modification to stop at break even if I end up at 15% | gain, at least | until M has be proven to be turned. I came up with this based on | assuming a stock that breaks out would "normally" be expected to rise | about 25-30% before re-basing, so if never gets up by that amount from | my buy point, then I should exit sooner rather than later... | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits | ission.com | | | 08/16/2002 05:01 PM | Please respond to | canslim | | | | | | | Oops...I realize now I misread your question. | | I would *hold on* up to 8% below buy price, but if the stock comes | back and | *kisses* the pivot, then I would buy more. I'm not inclined to buy | more when the stock drops *below* the pivot, unless it shows strong | volume pushing it back up to the pivot and beyond. Now I think I've | confused even myself! | | This is the way I think of it "Kiss the pivot, second chance to buy | more---Hit the pivot, yellow flag" | | Katherine | | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Friday, August 16, 2002 4:55 PM | Subject: Re: [CANSLIM] stop losses and profits | | | Hi Mike, | | | | 8% standard stop loss, though I don't see this happen too often when | | the market is healthy. | | | | Katherine | | | | ----- Original Message ----- | | From: | | To: | | Sent: Friday, August 16, 2002 2:54 PM | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | | | | Katherine, | | | | | | I knew I could count on you for a good answer. As a follow up to | | | your answer #4, if you made 10-15% in one week, how low would you | | | allow the stock to drop on low volume and still buy more, as | | | opposed to selling | out? | | | | | | Put another way, if it ran up 15% in a week, would you allow it to | | | go | | below | | | your original buy point, even if it was at low volume? | | | | | | | | | Have a great weekend everyone! | | | | | | Mike | | | | | | Mike Niemotka , PE | | | Sr. Principal Engineer | | | Baxter Healthcare Corporation | | | Route 120 & Wilson Road | | | Round Lake, IL 60073 | | | Tel (847) 270-4075 | | | Fax (847) 270-4525 | | | michael_niemotka@baxter.com | | | | | | | | | | | | "Katherine Malm" | | | To: | | canslim@lists.xmission.com | | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | | [CANSLIM] stop losses and profits | | | ission.com | | | | | | | | | 08/16/2002 02:31 PM | | | Please respond to | | | canslim | | | | | | | | | | | | | | | | | | | | | Hi Nancy, | | | | | | Let me try and clear up some of your confusion: | | | | | | 1. A stock's "rise" does not occur *in* a base, but *between* | | | bases. | While | | | the price will fluctuate up and down within the base itself, the amount | of | | | fluctuation will vary depending on the severity of correction and | | | the | time | | | it takes to form the area of consolidation. The stock is | | | essentially | | | *absorbing* the gains of its previous advance. | | | | | | 2. When you purchase a stock, you will always purchase it as it *breaks | | | out* | | | of that base. This preferred buy point is referred to as the | | | "pivot" | and | | is | | | again defined by the pattern that the base forms. | | | | | | 4. When a stock begins a healthy rising pattern after it breaks | | | out, it | | can | | | rise *any* amount before it consolidates (bases) again. There is | | | no | hard | | | and | | | fast rule as to how much it will rise before basing, though WON | suggests | | | that if it is >=25%, the next base would then be considered a "new | stage | | | base." This is only important in that his studies show that most stocks | | | can't muster the oomph to keep going after they've reached the 3rd | | | or | 4th | | | stage base. | | | | | | 3. Mike's question about a sell rule is not dependent on *which* | | | base | in | | | the | | | base count we are evaluating. A base is a base. If the stock | | | breaks out | as | | | it should and begins to rise, how are you going to handle selling | | | it when/if the time comes? | | | | | | 4. WON suggests that, if you buy correctly at the pivot (or no | | | more | than | | 5% | | | above it), that you should never have to suffer a loss of more | | | than 8%. | | | This | | | is because, in his studies, he has found that a healthy stock | | | never | falls | | | more than 8% below the pivot before continuing a healthy advance. | | | | | | 5. Mike's question, specifically, was "if a stock breaks out of a base, | | | then | | | rises 10-15%, then falls back, where do you place your sell stop? | | | 8% | below | | | your buy price or something other than that?" In other words, | | | should | you | | be | | | willing to accept *any* loss if a stock has managed to rise 10-15% | | | in 6 | | | wks, | | | then falls back to where you bought it. My vote is, if it takes 6 | | | wks | to | | | rise and then erases the entire advance, I don't want to take an | | | 8% | loss. | | | If | | | it rose 10-15% in *one* week and then fell back on low volume, I'd look | at | | | that as "normal" and might consider it a second chance to *buy* | | | more. | | | | | | Katherine | | | | | | | | | ----- Original Message ----- | | | From: "NANCY POLCARO" | | | To: | | | Sent: Friday, August 16, 2002 1:47 PM | | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | | | | Katherine-let me see if I am following correctly please. My question | is | | | | that previously I understood that after the third rise in a base | | | formation | | | a | | | | stock may correct by dropping below the previous base and then | starting | | | up | | | | again if all is well with the stock. Then the bases start to be | | | recounted | | | | again. In this case, if you just bought in during the third | | | | rise in | the | | | | base, which from my understanding would probably go up between | 15%(Mikes | | | | figure) and 25%( the amount of each rise in a base of a healthy | stock) | | | you | | | | would sell(not you personally but someone with my amount of | experience | | or | | | | the like) before the 8% drop, to protect your gain. Then follow | | | | the | | | stock | | | | and watch for a buy in again at some point depending on how the stock | | | acts | | | | from this point on? Is that close to correct ??? Thanks for | | | | your | | | thoughts | | | | Nancy | | | | | | | | | | | | >From: "Katherine Malm" | | | | >Reply-To: canslim@lists.xmission.com | | | | >To: | | | | >Subject: Re: [CANSLIM] stop losses and profits | | | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | | | > | | | | >HI Mike, | | | | > | | | | >I think you'll get a hundred different answers on this one, so | | | | >I'll | | just | | | | >answer from my personal point of view. | | | | > | | | | >If a stock breaks out of a well-formed base on volume, then | | | | >takes 6 | | | weeks | | | | >to | | | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% | | | | >loss at | | that | | | | >point, even if it were falling back "normally" as you suggest. | | | | >To me | | | that | | | | >means that no sell signals were triggered on the way up, and | | | | >that | the | | | | >general pattern included up days on higher volume than down | | | | >days, | | | support | | | | >at | | | | >the 50 day moving average, etc. My personal preference, | | | | >however, | would | | | be | | | | >to | | | | >move my stop to breakeven or slightly below (3-4% max, | | | | >depending on | | | market | | | | >conditions) if the stock had risen like this. | | | | > | | | | >Katherine | | | | > | | | | > | | | | >----- Original Message ----- | | | | >From: | | | | >To: | | | | >Sent: Friday, August 16, 2002 9:17 AM | | | | >Subject: [CANSLIM] stop losses and profits | | | | > | | | | > | | | | >| Group, | | | | >| | | | | >| In reading WON, he makes a statement that you should never | | | | >| let a | | stock | | | in | | | | >| which you are up 10-15% turn into a loss, but I was wondering | | | | >| you | | have | | | | >| interpreted that along with the sell at no more than an 8% | | | | >| loss | rule. | | | | >| | | | | >| Say you buy a stock, at a breakout, and it rises 10-15% over | | | | >| a few | | (6+ | | | | >| weeks), and then is started to correct....Do you sell at you break | | | even | | | | >| point, or do you allow it to go to your 8% loss point before | selling? | | | | >This | | | | >| is assuming that the stock is NOT giving any strong sell | | | | >| signals, | but | | | | >| appears to be pulling back "normally". | | | | >| | | | | >| Thanks | | | | >| | | | | >| Mike Niemotka , PE | | | | >| Sr. Principal Engineer | | | | >| Baxter Healthcare Corporation | | | | >| Route 120 & Wilson Road | | | | >| Round Lake, IL 60073 | | | | >| Tel (847) 270-4075 | | | | >| Fax (847) 270-4525 | | | | >| michael_niemotka@baxter.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. | | | | | | | | | | | | | | | | | | | | ________________________________________________________________ | | | | _ | | | | Send and receive Hotmail on your mobile device: http://mobile.msn.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. | | | | | | - | -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: Tue, 20 Aug 2002 19:20:57 EDT From: Chazmoore@aol.com Subject: [CANSLIM] CACI (CAI) - --part1_18c.cc56a60.2a9428d9_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I have been watching this technology systems company form a near perfect double bottom. On April 17th it hit a high of $40.63 and then dropped to a low of $27.43 on May 2nd, climbed back to $38.54 on June 28th and then returned to a new low of $27.45 on August 5th. Yesterday it jumped up to $38.20 on volume equal to 148% of average, and seemed ready to blast out today. Instead, it dropped $1.20 on below average volume. What is the most logical next move? a). It is gathering steam for a sharp upward move. b). It will now form a handle. c). The chain is broken and it will move to a new low, or will begin to move sideways. d). None of the above. e). Put on a straw hat, pick up a cane, and sing, "Yes sir, she's my baby." Charley - --part1_18c.cc56a60.2a9428d9_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I have been watching this technology systems company form a near perfect double bottom. On April 17th it hit a high of $40.63 and then dropped to a low of $27.43 on May 2nd, climbed back to $38.54 on June 28th and then returned to a new low of $27.45 on August 5th. Yesterday it jumped up to $38.20 on volume equal to 148% of average, and seemed ready to blast out today. Instead, it dropped $1.20 on below average volume.
What is the most logical next move?
a). It is gathering steam for a sharp upward move.
b). It will now form a handle.
c). The chain is broken and it will move to a new low, or will begin to move sideways.
d). None of the above.
e). Put on a straw hat, pick up a cane, and sing, "Yes sir, she's my baby."

Charley - --part1_18c.cc56a60.2a9428d9_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: Tue, 20 Aug 2002 19:26:41 -0500 From: Gene Ricci Subject: [CANSLIM] Ticker help This is a multi-part message in MIME format. - ------=_NextPart_000_00AE_01C2487F.834181B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable What is the ticker for this company? TRADER JOE'S: A UNIQUE GROCERY STORE=20 Thanks, Gene - ------=_NextPart_000_00AE_01C2487F.834181B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
What is the ticker for this = company?


TRADER JOE'S: A UNIQUE GROCERY = STORE

Thanks,
Gene
 
 
- ------=_NextPart_000_00AE_01C2487F.834181B0-- - - - -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: Tue, 20 Aug 2002 19:24:18 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Ticker help This is a multi-part message in MIME format. - ------=_NextPart_000_059D_01C2487F.2DF25D60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Gene, They're private. http://www.hoovers.com/co/capsule/9/0,2163,47619,00.html ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 20, 2002 7:26 PM Subject: [CANSLIM] Ticker help What is the ticker for this company? TRADER JOE'S: A UNIQUE GROCERY STORE=20 Thanks, Gene - ------=_NextPart_000_059D_01C2487F.2DF25D60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Gene,
 
They're private.
 
http://= www.hoovers.com/co/capsule/9/0,2163,47619,00.html
----- Original Message -----
From:=20 Gene = Ricci
Sent: Tuesday, August 20, 2002 = 7:26=20 PM
Subject: [CANSLIM] Ticker = help

 
What is the ticker for this = company?


TRADER JOE'S: A UNIQUE GROCERY = STORE

Thanks,
Gene
 
 
- ------=_NextPart_000_059D_01C2487F.2DF25D60-- - - - -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: Tue, 20 Aug 2002 20:44:02 EDT From: Spencer48@aol.com Subject: [CANSLIM] Rose Colored Goggles? Canslimmers: This is a passage from Wednesday's. Big Picture: "Despite the skittishness, emerging leaders performed well. Moody's (MCO) broke out of an eight-week base. The bond-rating stock popped up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent consolidation isn't as tight as its January-to-April base, which led to a 24% gain. But the company's fundamentals still look good. Moody's grew profit 44% in the latest quarter as sales rose 32%. H&R Block (HRB) followed through on Friday's breakout. The tax stock rallied 1.80 to 53.15 in above-average volume. The company's fundamentals are a little lumpy, given the once-a-year nature of the tax business. But it still scores a 95 Earnings Per Share Rating. That means its growth is better than 95% of stocks on the market. Boyd Gaming (BOYD) resumed its breakout late in the session. The stock added 0.62 to 16.68. Volume swelled 138% above its 50-day average. Pixar (PIXR) marched higher for the fifth day in a row. The animated feature producer has gained almost 15% since charging past its pivot point at 44.30 on Aug. 14. AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday, pulled back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy." THESE ARE CONSIDERED THE LEADERS BY IBD???? Only AMSG has decent earnings and sales. Its formation is nice, but its RS-line (not the rating) is lower than its previous price high. All the others have lousy earnings and some have lousy charts in addition to lousy earnings. Moreover, I get the impression that IBD feels that we are in a rally. However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, S&P 500 and 600) all of them have RS lines going lower as they roll higher. So if this is a rally, I don't think it will last too long. This is just my opinion, but it would be nice if IBD and/WON addressed these divergences. My impression is that IBD/WON wants a rally so much that their wishes are father to the reality. Am I wrong? Katherine and Tom-or anyone who cares to comment-how do you see the big picture? jans - - - -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: Tue, 20 Aug 2002 20:38:39 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Rose Colored Goggles? Hi jans, I don't think you're going to get a "perfect" CANSLIM stock in all respects coming out of such a severe Bear. Whether or not the rally has legs, there are stocks actually working these days. The breakouts and subsequent action are a bit tentative, but these stocks have been working. I made some quick annotations on the stocks you mentioned just for some prespective. Can't fault any of them from a longer term point of view. Good news is there are another 50 set up right behind them. Now *that's* something that's grabbed my attention. http://WallStreet-LLC.com/canslim/AMSG082002.jpg http://WallStreet-LLC.com/canslim/BYD082002.jpg http://WallStreet-LLC.com/canslim/PIXR082002.jpg http://WallStreet-LLC.com/canslim/HRB082002.jpg http://WallStreet-LLC.com/canslim/MCO082002.jpg Other recent break outs of decent stocks include: FCN, WTW, APOL, CVH, XRAY, AMFH, HBHC, BLUD, JASA, CSTR, JCOM, NWRE, NYCB, DORL. I'd sure love to see good quality stocks breaking out at 5 or 10 a day....but time will tell. Katherine - ----- Original Message ----- From: To: Sent: Tuesday, August 20, 2002 7:44 PM Subject: [CANSLIM] Rose Colored Goggles? | Canslimmers: | | This is a passage from Wednesday's. Big Picture: | | "Despite the skittishness, emerging leaders performed well. | | Moody's (MCO) broke out of an eight-week base. The bond-rating stock popped | up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent | consolidation isn't as tight as its January-to-April base, which led to a 24% | gain. But the company's fundamentals still look good. Moody's grew profit 44% | in the latest quarter as sales rose 32%. | | H&R Block (HRB) followed through on Friday's breakout. The tax stock rallied | 1.80 to 53.15 in above-average volume. The company's fundamentals are a | little lumpy, given the once-a-year nature of the tax business. But it still | scores a 95 Earnings Per Share Rating. That means its growth is better than | 95% of stocks on the market. | | Boyd Gaming (BOYD) resumed its breakout late in the session. The stock added | 0.62 to 16.68. Volume swelled 138% above its 50-day average. | | Pixar (PIXR) marched higher for the fifth day in a row. The animated feature | producer has gained almost 15% since charging past its pivot point at 44.30 | on Aug. 14. | | AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday, pulled | back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy." | | THESE ARE CONSIDERED THE LEADERS BY IBD???? Only AMSG has decent | earnings and sales. Its formation is nice, but its RS-line (not the rating) | is lower than its previous price high. All the others have lousy earnings | and some have lousy charts in addition to lousy earnings. | | Moreover, I get the impression that IBD feels that we are in a rally. | However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, S&P | 500 and 600) all of them have RS lines going lower as they roll higher. So | if this is a rally, I don't think it will last too long. | | This is just my opinion, but it would be nice if IBD and/WON addressed | these divergences. My impression is that IBD/WON wants a rally so much that | their wishes are father to the reality. | | Am I wrong? Katherine and Tom-or anyone who cares to comment-how do you | see the big picture? | | jans | | | | - | -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: Tue, 20 Aug 2002 21:48:52 -0400 From: "Robert Mansk" Subject: [CANSLIM] Intro - Bob Mansk This is a multi-part message in MIME format. - ------=_NextPart_000_18F6_01C24893.5FCEDCA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hello All, I have been a lurker on this list for a few months now and thought I = would make a proper introduction of myself. I have been investing in = stocks for about 20 years, although up until now, mostly passively. I = subscribed to the Vanguard buy and hold index fund approach for the bulk = of my holdings. Through the recent market down turns I began to = question that approach, at least for all of my holdings. I got serious = about learning more about investing in individual stocks. =20 I have recently read WON's HTMMIS and I am starting to apply the = concepts. I have found the discussions here also an excellent guide and = reference and look forward to participating in them. For my day job, I am an independent computer consultant, primarily = as an Oracle iDBA. Bob - ------=_NextPart_000_18F6_01C24893.5FCEDCA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hello All,
 
    I have been a lurker = on this=20 list for a few months now and thought I would make a proper introduction = of=20 myself.  I have been investing in stocks for about 20 years, = although up=20 until now, mostly passively.   I subscribed to the = Vanguard=20 buy and hold index fund approach for the bulk of my holdings.  = Through=20 the recent market down turns I began to question that approach, at least = for all=20 of my holdings.  I got serious about learning more about = investing in=20 individual stocks. 
 
    I have recently read = WON's=20 HTMMIS and I am starting to apply the concepts.  I have found the=20 discussions here also an excellent guide and reference and look forward = to=20 participating in them.
 
    For my day job, I am = an=20 independent computer consultant, primarily as an Oracle = iDBA.
 
Bob
- ------=_NextPart_000_18F6_01C24893.5FCEDCA0-- - - - -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: Tue, 20 Aug 2002 22:57:32 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Home Depot Hermann, I am not sure if you are trying nicely to be difficult, or just don't get the point. My comment is again focused on "M", as I noted in my post, LOW was credited yesterday with a part of the reason for the rally. Reason? They substantially beat estimates. Today, same group, HD well beat estimates. Both are benefiting from the strong housing market, both new and used homes (when is the last time you knew anyone to buy a house new to them, and not go out and buy stuff for it??). Both companies had strong sales growth as well, which speaks to consumer sentiment and willingness to spend in a much more substantial way than the polls. After all, this is measured in real money in the till. Their group has an RS rating of 86, so may also be signaling signs of leadership. If you don't like what I post, then I strongly suggest you set up a mail filter and send my posts to your trash can. - ----- Original Message ----- From: "Hermann Ertl" To: Sent: Tuesday, August 20, 2002 12:05 PM Subject: Re: [CANSLIM] Home Depot > From: "Tom Worley" > Date: Tue, 20 Aug 2002 08:14:05 -0400 > > HD reported this morning, like Lowe's showing excellent growth with earnings > up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a > surprise, given all the new home owners, but Lowe's is being credited with > yesterday's rally in part. Let's see if HD can take care of Tuesday. At what stage in its chart patterns is HD? - - - -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: Tue, 20 Aug 2002 23:08:45 -0400 From: Roger Subject: [CANSLIM] eIBD hi all, fyi, WON and friends recently announced the electronic version of IBD, called eIBD. you can check it out at www.investors.com/eibdoffer/ however, given the annual subscription rate of 319$usd, which is almost 50% more that the annual IBD subscription rate, i wonder how they can justify this? Roger Tawa [One thing about paradigms: shift happens.] ________________________________________________ Get your own "800" number Voicemail, fax, email, and a lot more http://www.ureach.com/reg/tag - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 20 Aug 2002 21:03:45 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] eIBD More money??? Yikes! Add the that the one big blunder I see: PDF format. Very slow format even with a broadband connection. It will be interesting to see how the pricing of the paper version fares next year. Somthing smells of increase at that end also. - -Bill - ----- Original Message ----- From: "Roger" To: Sent: Tuesday, August 20, 2002 8:08 PM Subject: [CANSLIM] eIBD > hi all, > > fyi, WON and friends recently announced the electronic version of IBD, called > eIBD. you can check it out at www.investors.com/eibdoffer/ > > however, given the annual subscription rate of 319$usd, which is almost 50% > more that the annual IBD subscription rate, i wonder how they can justify this? > > Roger Tawa > [One thing about paradigms: shift happens.] > > > ________________________________________________ > Get your own "800" number > Voicemail, fax, email, and a lot more > http://www.ureach.com/reg/tag > > - > -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, 21 Aug 2002 00:13:33 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Intro - Bob Mansk This is a multi-part message in MIME format. - ------=_NextPart_000_0138_01C248A7.95E58320 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable thanks for the intro, Bob, and welcome to the group. I look forward to = your future participation, now that we know you are out there listening = in. Curious how your performance with Vanguard buy&hold fund has been, = and how you feel about it? - ----- Original Message -----=20 From: Robert Mansk=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 20, 2002 9:48 PM Subject: [CANSLIM] Intro - Bob Mansk Hello All, I have been a lurker on this list for a few months now and thought I = would make a proper introduction of myself. I have been investing in = stocks for about 20 years, although up until now, mostly passively. I = subscribed to the Vanguard buy and hold index fund approach for the bulk = of my holdings. Through the recent market down turns I began to = question that approach, at least for all of my holdings. I got serious = about learning more about investing in individual stocks. =20 I have recently read WON's HTMMIS and I am starting to apply the = concepts. I have found the discussions here also an excellent guide and = reference and look forward to participating in them. For my day job, I am an independent computer consultant, primarily = as an Oracle iDBA. Bob - ------=_NextPart_000_0138_01C248A7.95E58320 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
thanks for the intro, Bob, and welcome to the = group. I=20 look forward to your future participation, now that we know you are out = there=20 listening in. Curious how your performance with Vanguard buy&hold = fund has=20 been, and how you feel about it?
 
----- Original Message -----=20
From: Robert=20 Mansk
Sent: Tuesday, August 20, 2002 9:48 PM
Subject: [CANSLIM] Intro - Bob Mansk

Hello All,
 
    I have been a lurker = on this=20 list for a few months now and thought I would make a proper introduction = of=20 myself.  I have been investing in stocks for about 20 years, = although up=20 until now, mostly passively.   I subscribed to the = Vanguard=20 buy and hold index fund approach for the bulk of my holdings.  = Through=20 the recent market down turns I began to question that approach, at least = for all=20 of my holdings.  I got serious about learning more about = investing in=20 individual stocks. 
 
    I have recently read = WON's=20 HTMMIS and I am starting to apply the concepts.  I have found the=20 discussions here also an excellent guide and reference and look forward = to=20 participating in them.
 
    For my day job, I am = an=20 independent computer consultant, primarily as an Oracle = iDBA.
 
Bob
- ------=_NextPart_000_0138_01C248A7.95E58320-- - - - -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 #2838 ****************************** 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.