From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3041 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, November 21 2002 Volume 02 : Number 3041 In this issue: Re: Market cap (was: [CANSLIM] M) RE: [CANSLIM] M computer / net security group (was Re: [CANSLIM] ROOM) Re: [CANSLIM] M ---------------------------------------------------------------------- Date: Thu, 21 Nov 2002 18:03:26 -0600 From: "Katherine Malm" Subject: Re: Market cap (was: [CANSLIM] M) This is a multi-part message in MIME format. - ------=_NextPart_000_02B0_01C29188.49FA10A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi kentuna, Gosh, the market cap size that differentiates small from large cap = varies depending on who you talk with these days, so thought I'd just = point you to Investopedia, where they define each of the sizes as = follows: Nano Cap http://www.investopedia.com/terms/n/nanocap.asp Micro Cap Stock http://www.investopedia.com/terms/m/microcapstock.asp Small-cap http://www.investopedia.com/terms/s/small-cap.asp Mid Cap Stock http://www.investopedia.com/terms/m/midcapstock.asp Large-cap (Big-Cap) http://www.investopedia.com/terms/l/large-cap.asp Mega Cap http://www.investopedia.com/terms/m/megacap.asp Market Capitalization http://www.investopedia.com/terms/m/marketcapitalization.asp Katherine ----- Original Message -----=20 From: kentuna=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 3:28 PM Subject: Re: [CANSLIM] M Katherine, I know this has been discussed before, but would you kindly define = small cap and large cap again. What is the actual criteria that is used. Thanks ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 2:04 PM Subject: Re: [CANSLIM] M Hi Ian, Just a quick note... re your comment "It is also baffling to me that = the sectors that stand to benefit the most from coming increases in = government spending - the defense and security sector - are watching = this action from the sideline as well."=20 I noticed SFNT powering ahead today. I've also noticed that money is = definitely coming *out* of the safe-haven defensive issues such as = healthcare/hospitals, etc. In general, I see far more breakouts than = I've seen since last year, so all together, still looks promising to me. Katherine ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 3:23 PM Subject: [CANSLIM] M Is anyone else finding any "NEW" winners emerging from this buying = frenzy? It seems to me that several recent rally leaders are rolling over = ugly today - HITK, LCI, ACET - while the indices power ahead, propelled = by the most heavily shorted isues. It is also baffling to me that the sectors that stand to benefit = the most from coming increases in government spending - the defense and = security sector - are watching this action from the sideline as well. So am I mising the new leaders of the bull, or is this just = shot-term traders using liquidity to squeeze heavily shorted positions? = Opinions? Whither 'M'? Ian - ------=_NextPart_000_02B0_01C29188.49FA10A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi kentuna,
 
Gosh, the market cap size that differentiates small from large cap = varies=20 depending on who you talk with these days, so thought I'd just point you = to=20 Investopedia, where they define each of the sizes as follows:
 

Nano Cap

http://www.inves= topedia.com/terms/n/nanocap.asp

 

Micro Cap Stock

http://www= .investopedia.com/terms/m/microcapstock.asp

 

Small-cap

http://www.inv= estopedia.com/terms/s/small-cap.asp

 

Mid Cap Stock

http://www.i= nvestopedia.com/terms/m/midcapstock.asp

 

Large-cap = (Big-Cap)

http://www.inv= estopedia.com/terms/l/large-cap.asp

 

Mega Cap

http://www.inves= topedia.com/terms/m/megacap.asp

 

Market = Capitalization

htt= p://www.investopedia.com/terms/m/marketcapitalization.asp

 

 

Katherine

----- Original Message -----
From:=20 kentuna =
To: canslim@lists.xmission.com=
Sent: Thursday, November 21, = 2002 3:28=20 PM
Subject: Re: [CANSLIM] M

Katherine,
I know this has been discussed = before, but would=20 you kindly define small cap and large cap again. What is the = actual=20 criteria that is used.
Thanks
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, November 21, = 2002 2:04=20 PM
Subject: Re: [CANSLIM] = M

Hi Ian,
 
Just a quick note... re your comment "It is also baffling to me = that=20 the sectors that stand to benefit the most from coming = increases in=20 government spending - the defense and security sector - are watching = this=20 action from the sideline as well."=20
 
I noticed SFNT powering ahead today. I've also noticed that = money is=20 definitely coming *out* of the safe-haven defensive issues such as=20 healthcare/hospitals, etc. In general, I see far more breakouts than = I've=20 seen since last year, so all together, still looks promising to = me.
 
Katherine
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Thursday, November = 21, 2002=20 3:23 PM
Subject: [CANSLIM] M

Is anyone else finding any "NEW" winners = emerging from=20 this buying frenzy?
 
It seems to me that several recent rally = leaders=20 are rolling over ugly today - HITK, LCI, ACET - while the indices = power=20 ahead, propelled by the most heavily shorted isues.
 
It is also baffling to me that the sectors = that stand to=20 benefit the most from coming increases in government spending = - - the=20 defense and security sector - are watching this action from the = sideline=20 as well.
 
So am I mising the new leaders of the bull, or = is this=20 just shot-term traders using liquidity to squeeze heavily shorted=20 positions? Opinions? Whither 'M'?
 
Ian
- ------=_NextPart_000_02B0_01C29188.49FA10A0-- - - - -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, 21 Nov 2002 18:27:07 -0600 From: "Curt Corley" Subject: RE: [CANSLIM] M This is a multi-part message in MIME format. - ------=_NextPart_000_0001_01C2918B.9A5F8C70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I=92m glad you mentioned the General Markets & Sectors commentary in today=92s IBD. I looked at the charts, and they did not appear to have rising volume on the sides of the cups. As a matter of fact, the heaviest volume days were at the very bottom of the cup. I don=92t = think the indices have shown great cwh characteristics. However, I=92m a = novice at this stuff, so I would appreciate any criticism or validation of my view. =20 =20 Curt =20 - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short Sent: Thursday, November 21, 2002 3:11 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] M =20 Speaking of handles- what are peoples' thoughts on WON's comment from this morning about the NASDAQ forming a cup and handle? Volume in the handle seems a bit "imperfect" but I don't want to be the one to rain on the parade! - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Thursday, November 21, 2002 3:04 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] M Hi Ian, =20 Just a quick note... re your comment "It is also baffling to me that the sectors that stand to benefit the most from coming increases in government spending - the defense and security sector - are watching this action from the sideline as well."=20 =20 I noticed SFNT powering ahead today. I've also noticed that money is definitely coming *out* of the safe-haven defensive issues such as healthcare/hospitals, etc. In general, I see far more breakouts than I've seen since last year, so all together, still looks promising to me. =20 Katherine - ----- Original Message -----=20 From: Ian =20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 3:23 PM Subject: [CANSLIM] M =20 Is anyone else finding any "NEW" winners emerging from this buying frenzy? =20 It seems to me that several recent rally leaders are rolling over ugly today - HITK, LCI, ACET - while the indices power ahead, propelled by the most heavily shorted isues. =20 It is also baffling to me that the sectors that stand to benefit the most from coming increases in government spending - the defense and security sector - are watching this action from the sideline as well. =20 So am I mising the new leaders of the bull, or is this just shot-term traders using liquidity to squeeze heavily shorted positions? Opinions? Whither 'M'? =20 Ian _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 - ------=_NextPart_000_0001_01C2918B.9A5F8C70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I’m glad you mentioned the = General Markets & Sectors commentary in today’s IBD.=A0 I looked at the charts, and they = did not appear to have rising volume on the sides of the cups.=A0 As a matter of fact, the heaviest = volume days were at the very bottom of the cup.=A0 = I don’t think the indices have shown great cwh characteristics.=A0 However, = I’m a novice at this stuff, so I would appreciate any criticism or validation = of my view.=A0

 

Curt

 

-----Original = Message-----
From: = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short
Sent: = Thursday, November 21, = 2002 3:11 PM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = M

 

Speaking of = handles- what are peoples' thoughts on WON's comment from this morning about the = NASDAQ forming a cup and handle? Volume in the handle seems a bit "imperfect" but I don't want to be the one to rain on the = parade!

-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Thursday, November = 21, 2002 3:04 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = M

Hi Ian,

 

Just a quick note... re your comment "It = is also baffling to me that the sectors that stand to benefit the most = from coming increases in government spending - the defense and security sector - are watching this action from the sideline as well." =

 

I noticed SFNT powering ahead today. I've = also noticed that money is definitely coming *out* of the safe-haven defensive issues = such as healthcare/hospitals, etc. In general, I see far more breakouts than = I've seen since last year, so all together, still looks promising to = me.

 

Katherine

----- Original Message = - -----

From: Ian =

Sent: Thursday, November 21, 2002 3:23 PM

Subject: [CANSLIM] = M

 

Is anyone else finding any "NEW" = winners emerging from this buying frenzy?

 

It seems to me that several recent rally = leaders are rolling over ugly today - HITK, LCI, ACET - while the indices power = ahead, propelled by the most heavily shorted = isues.

 

It is also baffling to me that the sectors = that stand to benefit the most from coming increases in government spending - = the defense and security sector - are watching this action from the sideline = as well.

 

So am I mising the new leaders of the bull, = or is this just shot-term traders using liquidity to squeeze heavily shorted = positions? Opinions? Whither 'M'?

 

Ian

For your protection, this e-mail message has = been scanned for viruses.

Visit us at http://www.neoris.com/

- ------=_NextPart_000_0001_01C2918B.9A5F8C70-- - - - -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, 21 Nov 2002 23:32:14 -0500 From: "Tom Worley" Subject: computer / net security group (was Re: [CANSLIM] ROOM) no problem, Kelly, I am so brain dead so much of the time lately that I sometimes need a name tag just to know who I am. I forgot about the comment below. I am very pleased with the security group, being up 7.6% today for the portfolio (despite one outside the group I bot today that went down), and gaining nearly as much yesterday as well. My VR Fund also benefited, owning some of the same stocks, popping up over 4.5%. It was a risk for me to go totally into one sector, never did that before, nor was I ever a "group follower". So naturally I am pleased as punch that (so far) I look like a genius (ok, so I am not very humble when I am proven right, at least temporarily, you got to grab glory when you can). I am a risk taker, so I was looking at the group well before it was highly ranked. The stocks I bought were mostly in the RS 30 to 50 at the time. Even now, several are only up into the 70 or so range, and almost all are still well under highs set earlier this year, so still have overhead resistance, especially now that we are entering tax related selling times. On the other hand, I am a long term investor, and bought these for 18 months or so out, so I was not so concerned at entering them at a "perfect" price. Naturally, like any investor, I always like to be up on trade date, and I was. But since got back to almost the cost of commissions to return to 100% cash, which was not pleasant. From everything I read, this is one of the few sectors that is expanding sales during a stagnant economy, and is also expected to be one of the first ones to benefit when corporations again start spending on IT products. So I remain quite positive on this sector. - ----- Original Message ----- From: "Kelly Short" To: Sent: Thursday, November 21, 2002 9:44 AM Subject: RE: [CANSLIM] ROOM Tom, Forgive me- was not trying to box you into a corner. You speak "positively" of the internet / computer security group. Do you still (today) speak positively of these groups or would you say their steam has been expelled? Kelly - -----Original Message----- From: Tom Worley [mailto:stkguru@bellsouth.net] Sent: Wednesday, November 20, 2002 8:50 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ROOM I don't recall saying any particular about the e-commerce sector. I did speak positively of the internet / computer security groups. - ----- Original Message ----- From: "Kelly Short" To: Sent: Wednesday, November 20, 2002 4:19 PM Subject: RE: [CANSLIM] ROOM Tom, If I remember correctly you suggested a move in the e-commerce realm a few weeks ago- would you still advise the same today? Kelly - -----Original Message----- From: Tom Worley [mailto:stkguru@bellsouth.net] Sent: Tuesday, November 19, 2002 6:07 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ROOM Norm, the internet e-commerce group has been strong lately, hence the group RS of 93 now. Others in the top six are AMZN, EXPE, UOPX, GYI, & TREE. - ----- Original Message ----- From: "Norman Boyd" To: Sent: Monday, November 18, 2002 10:41 PM Subject: [CANSLIM] ROOM Anyone else notice this one did what SYMC did. Specifically, a low vol breakout from a handle. SYMC immediately pulled back on below-avg-vol. Norm - - - -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, 21 Nov 2002 22:34:50 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] M This is a multi-part message in MIME format. - ------=_NextPart_000_02DB_01C291AE.3446AFE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Eric, A question for you--I noticed in your list of stocks that are "working" = that there were many CANSLIM quality growth stocks that *have* been = working and demonstrating leadership noticeably missing from your list. = When you look at market health, how are you defining the candidates you = consider to be CANSLIM stocks? Katherine - ----- Original Message -----=20 From: Eric Jaenike=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 4:02 PM Subject: Re: [CANSLIM] M I think this market is not nearly as strong as the indices make it = appear. While it clearly has a bid under it, the very fact that people = are questioning whether it is real or not says something.=20 Market leadership is firmly rooted in the SOX right now, the = playground of the beta chasers, and I think that is pulling the market = along with it. While there certainly is playable strength in the market, = I think a true bull run would display much better leadership. We are up = 32% on the Nas from the October low, and 21% on the S&P. That is a long = way to go without clear, assertive leadership. Consider also that we are = now above 50% bulls.=20 I can find only a handful of stocks that have broken out and really = performed well. These include VRNT IDXX BSX ELAB TEVA LCI ATRS IGT PIXR. = (These are only the ones I have on my own lists. There are, of course, = others, such as ISSX, but for the purposes of this discussion, I am = excluding them as not pure, traditional CANSLIM). Contrast these with = the runs in stocks such as KLAC, INTC, VSEA, AMAT, LRCX, QLGC, etc.=20 It seems I am having to work far to hard to find the leadership in = this market for this to be the solid bull run the indices would have us = believe.=20 Most recently, there have been runs in the real speculative dogs, such = as PUMA AKAM INKT LOOK ARBA LEXR OPWV RSAS CELL WGRD TIVO. I consider = that to also be a sign that this run is getting old.=20 As I watch this run, I am constantly reminded of last year's 4Q. I = think this run still has legs, but I would pay very close attention to = my longs.=20 Eric=20 =20 kentuna wrote:=20 Katherine, I know this has been discussed before, but would you kindly define = small cap and large cap again. What is the actual criteria that is used. Thanks ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 2:04 PM Subject: Re: [CANSLIM] M Hi Ian, Just a quick note... re your comment "It is also baffling to me = that the sectors that stand to benefit the most from coming increases in = government spending - the defense and security sector - are watching = this action from the sideline as well."=20 I noticed SFNT powering ahead today. I've also noticed that money = is definitely coming *out* of the safe-haven defensive issues such as = healthcare/hospitals, etc. In general, I see far more breakouts than = I've seen since last year, so all together, still looks promising to me. Katherine ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 3:23 PM Subject: [CANSLIM] M Is anyone else finding any "NEW" winners emerging from this = buying frenzy? It seems to me that several recent rally leaders are rolling = over ugly today - HITK, LCI, ACET - while the indices power ahead, = propelled by the most heavily shorted isues. It is also baffling to me that the sectors that stand to benefit = the most from coming increases in government spending - the defense and = security sector - are watching this action from the sideline as well. So am I mising the new leaders of the bull, or is this just = shot-term traders using liquidity to squeeze heavily shorted positions? = Opinions? Whither 'M'? Ian Eric Jaenike President Vector Investment Management 303-300-2961 - -------------------------------------------------------------------------= - ----- Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now - ------=_NextPart_000_02DB_01C291AE.3446AFE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Eric,
 
A question for you--I noticed in your list of stocks that are = "working"=20 that there were many CANSLIM quality growth stocks that *have* been = working and=20 demonstrating leadership noticeably missing from your list. When you = look at=20 market health, how are you defining the candidates you consider to be = CANSLIM=20 stocks?
 
Katherine
 
----- Original Message -----
From:=20 Eric=20 Jaenike
Sent: Thursday, November 21, = 2002 4:02=20 PM
Subject: Re: [CANSLIM] M

I think this market is not nearly as strong as the indices make it = appear.=20 While it clearly has a bid under it, the very fact that people are = questioning=20 whether it is real or not says something.=20

Market leadership is firmly rooted in the SOX right now, the = playground of=20 the beta chasers, and I think that is pulling the market along with = it. While=20 there certainly is playable strength in the market, I think a true = bull run=20 would display much better leadership. We are up 32% on the Nas from = the=20 October low, and 21% on the S&P. That is a long way to go without = clear,=20 assertive leadership. Consider also that we are now above 50% bulls.=20

I can find only a handful of stocks that have broken out and really = performed well. These include VRNT IDXX BSX ELAB TEVA LCI ATRS IGT = PIXR.=20 (These are only the ones I have on my own lists. There are, of course, = others,=20 such as ISSX, but for the purposes of this discussion, I am excluding = them as=20 not pure, traditional CANSLIM). Contrast these with the runs in = stocks=20 such as KLAC, INTC, VSEA, AMAT, LRCX, QLGC, etc.=20

It seems I am having to work far to hard to find the leadership in = this=20 market for this to be the solid bull run the indices would have us = believe.=20

Most recently, there have been runs in the real speculative dogs, = such as=20 PUMA AKAM INKT LOOK ARBA LEXR OPWV RSAS CELL WGRD TIVO. I consider = that to=20 also be a sign that this run is getting old.=20

As I watch this run, I am constantly reminded of last year's 4Q. I = think=20 this run still has legs, but I would pay very close attention to my = longs.=20

Eric=20

=20

 kentuna <kentuna@cox.net> wrote:=20

Katherine,
I know this has been discussed = before, but=20 would you kindly define small cap and large cap again. What is = the=20 actual criteria that is used.
Thanks
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Thursday, November = 21, 2002=20 2:04 PM
Subject: Re: [CANSLIM] = M

Hi Ian,
 
Just a quick note... re your comment "It is also baffling to = me that=20 the sectors that stand to benefit the most from coming = increases in=20 government spending - the defense and security sector - are = watching this=20 action from the sideline as well."=20
 
I noticed SFNT powering ahead today. I've also noticed that = money is=20 definitely coming *out* of the safe-haven defensive issues such as = healthcare/hospitals, etc. In general, I see far more breakouts = than I've=20 seen since last year, so all together, still looks promising to = me.
 
Katherine
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Thursday, November = 21, 2002=20 3:23 PM
Subject: [CANSLIM] = M

Is anyone else finding any "NEW" winners = emerging from=20 this buying frenzy?
 
It seems to me that several recent = rally leaders=20 are rolling over ugly today - HITK, LCI, ACET - while the = indices power=20 ahead, propelled by the most heavily shorted isues.
 
It is also baffling to me that the sectors = that stand=20 to benefit the most from coming increases in government = spending -=20 the defense and security sector - are watching this action from = the=20 sideline as well.
 
So am I mising the new leaders of the bull, = or is this=20 just shot-term traders using liquidity to squeeze heavily = shorted=20 positions? Opinions? Whither 'M'?
 
Ian


Eric Jaenike
President
Vector Investment Management
303-300-2961


Do you Yahoo!?
Yaho= o! Mail=20 Plus - Powerful. Affordable. Sign= up=20 now - ------=_NextPart_000_02DB_01C291AE.3446AFE0-- - - - -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 #3041 ****************************** 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.