From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3152 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, January 30 2003 Volume 02 : Number 3152 In this issue: RE: [CANSLIM] IMPORTANT: Change the canslim listserve software... RE: [CANSLIM] IMPORTANT: Change the canslim listserve software... RE: [CANSLIM] hitk Re: [CANSLIM] hitk Re: [CANSLIM] listserve software RE: [CANSLIM] float? Re: [CANSLIM] hitk Re: [CANSLIM] hitk Re: [CANSLIM] float? Re: [CANSLIM] float? RE: [CANSLIM] float? RE: [CANSLIM] hitk Re: [CANSLIM] hitk [CANSLIM] Re. Head & Shoulders Re: [CANSLIM] hitk RE: [CANSLIM] hitk ---------------------------------------------------------------------- Date: Wed, 29 Jan 2003 07:31:06 -0500 From: "Mark Kerson" Subject: RE: [CANSLIM] IMPORTANT: Change the canslim listserve software... NO, DON'T DO IT, IT IS A TRAP!!! Just kidding. Unlike almost every other on line group that I have tried, I find that I use this one every day. The information is exactly what I need. Thank you very much for creating and maintaining such a high quality site. Mark - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Salisbury Sent: Monday, January 27, 2003 5:05 PM To: canslim@lists.xmission.com Subject: [CANSLIM] IMPORTANT: Change the canslim listserve software... Hello Canslim'ers, For some time now, I have been contemplating moving the canslim discussion group from the majordomo listserve software, to a newer, next generation software called Mailman. My ISP, Xmission, has gone to a lot of trouble to install and test the new listserve software, and they recommend it very highly. I have already moved some other lists I own (much smaller, and much less traffic) and have been very pleased so far. Some of the things I like about the new software: - -Superior spam protection, including the hiding of participant email addresses from email address collecting web-bots. - -The return of the digest version -- it supposedly can handle HTML email and attachments. Each user can specify whether to receive in digest mode or not, along with various other parameters. - -Superior management of subscriber's email addresses who become undeliverable. I would like to solicit your thoughts. Even if the new listserve software is perfect, I'm sure we'll run into some glitches as we transition over. Your thoughts? Regards, Jeff Salisbury - Canslim list owner/admin - - - -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, 29 Jan 2003 05:40:05 -0800 From: Harold Josephson Subject: RE: [CANSLIM] IMPORTANT: Change the canslim listserve software... Do it Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mark Kerson Sent: Wednesday, January 29, 2003 4:31 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] IMPORTANT: Change the canslim listserve software... NO, DON'T DO IT, IT IS A TRAP!!! Just kidding. Unlike almost every other on line group that I have tried, I find that I use this one every day. The information is exactly what I need. Thank you very much for creating and maintaining such a high quality site. Mark - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Salisbury Sent: Monday, January 27, 2003 5:05 PM To: canslim@lists.xmission.com Subject: [CANSLIM] IMPORTANT: Change the canslim listserve software... Hello Canslim'ers, For some time now, I have been contemplating moving the canslim discussion group from the majordomo listserve software, to a newer, next generation software called Mailman. My ISP, Xmission, has gone to a lot of trouble to install and test the new listserve software, and they recommend it very highly. I have already moved some other lists I own (much smaller, and much less traffic) and have been very pleased so far. Some of the things I like about the new software: - -Superior spam protection, including the hiding of participant email addresses from email address collecting web-bots. - -The return of the digest version -- it supposedly can handle HTML email and attachments. Each user can specify whether to receive in digest mode or not, along with various other parameters. - -Superior management of subscriber's email addresses who become undeliverable. I would like to solicit your thoughts. Even if the new listserve software is perfect, I'm sure we'll run into some glitches as we transition over. Your thoughts? Regards, Jeff Salisbury - Canslim list owner/admin - - - -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: Wed, 29 Jan 2003 11:03:43 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] hitk This is a multi-part message in MIME format. - ------=_NextPart_000_0020_01C2C786.161A1B70 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Hi Janis, HITK is not currently in a definable base, and so doesn't yet provide a clear entry point. See my annotated chart at: http://www.cwhcharts.com/katherine/HITK012903.JPG Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of BIKEAR@aol.com Sent: Wednesday, January 29, 2003 6:11 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] hitk I like the fundamentals on this stock...0%debt, 40% manage, etc....butis it forming a handle on a double bottom..when should I look to buy this stock...it has low share outstanding? hope to hear...I have been looking at appx and hitk and like the fundamentals on the hitk plus I know some of the products they make......janis - ------=_NextPart_000_0020_01C2C786.161A1B70 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable
Hi Janis,
 
HITK is not currently in a = definable base,=20 and so doesn't yet provide a clear entry point. See my annotated chart=20 at:
 
http://www.cwh= charts.com/katherine/HITK012903.JPG
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 BIKEAR@aol.com
Sent: Wednesday, January 29, 2003 6:11=20 AM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 hitk

I like the fundamentals on this = stock...0%debt, 40%=20 manage, etc....butis it forming a handle on a double bottom..when = should I=20 look to buy this stock...it has low share outstanding? hope to = hear...I have=20 been looking at appx and hitk and like the fundamentals on the hitk = plus I=20 know some of the products they make......janis=20
- ------=_NextPart_000_0020_01C2C786.161A1B70-- - - - -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, 29 Jan 2003 14:09:07 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] hitk Katherine: Very nice chart analysis of HITK. Notice that on DGO, HITK's daily RS-line is up at the recent troughs in January. This led me to believe that it was strong (as a matter of fact, I categorized its RS-line as being in Strong Divergence). This, in turn, led me to believe that this was a worthwhile stock to buy (assuming the market turned up) on its Break Out. However, your chart's downtrend in the Up/Down ratio since October/02 has given me pause. Moreover, HITK's Weekly shows that it is way overextended (when it broke out in Sept. at 9 [it is now at around 19]), so perhaps this means that HITK is in a temporary top, and that its Weekly is reflecting its Up/Down trend-decline . (But notice that even now, the weekly RS-line shows a lot of strength in its steepness and the RS-line's strong divergence at the top compared to a few weeks earlier). As I mentioned, HITK looked strong to me also, until you noted (in the chart) its declining Up/Down ratio. Is there a database on-line where I can gather this past information on the Up/Down Ratio (and Accum/Distribution Ratings also, if possible?) jans In a message dated 1/29/2003 12:04:41 PM Eastern Standard Time, kmalm@earthlink.net writes: << HITK is not currently in a definable base, and so doesn't yet provide a clear entry point. See my annotated chart at: http://www.cwhcharts.com/katherine/HITK012903.JPG Katherine >> - - - -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, 29 Jan 2003 11:15:58 -0800 From: Richard Yoder Subject: Re: [CANSLIM] listserve software Jeff: As most of the members say, it's your show. I'm another lurker (predominantly) but have learned much by reading contributions to The List. Format doesn't bother me much and this sounds like an improvement, although I share the wariness expressed by others who have obviously experienced problems with "improvements" in the form of software changes. It sounds as though you've thought this one out pretty well and even tested it a bit, and others on The List have also had experience with it. I say, "Go for it!" It's your list and I'm forever grateful to you for providing it. Dick - - - -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, 29 Jan 2003 14:09:55 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] float? Hi Janis, Float is simply the number of outstanding shares that are not owned by insiders (management and beneficial owners, which may include institutions). A float of 71% simply means that 71% of the company's shares are "floating around" for trading without having to reveal an intended sale via an SEC filing. I wouldn't read to much into the percentage, as it doesn't mean all that much. Look instead to which institutions are buying shares and whether or not they are increasing their holdings. That "S" in CANSLIM will also be reflected in the general price/volume action of the stock and can be seen easily by reading the chart. Here's a good link for evaluating the ownership of a stock: http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp Be careful when interpreting the numbers, however, as the Insitutional % is given as a percent of the *outstanding* shares rather than as a percent of the float, as it is presented in DGO/IBD. You can use www.morningstar.com to evaluate the quality of mutual fund ownership. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of BIKEAR@aol.com Sent: Tuesday, January 28, 2003 7:47 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] float? 
when I look at tje MSN ownership I see shares outstanding the % of
institutional, mutual funds, insider ownership then the float%..should the
float be high or low..is it if the float is 71% then only %29 shares of the
company is available...what is the given rule of thumb for float
canslim..thanks.......would a high float mean that the stock is in high
demand? thanks again

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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.



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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

------------------------------

Date: Wed, 29 Jan 2003 14:22:32 -0800
From: "NANCY POLCARO" 
Subject: Re: [CANSLIM] hitk

- ------=_NextPart_001_0002_01C2C7A1.DCD369E0
Content-Type: text/plain; charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

I would like to also ask if anyone knows a site where it show the buys an=
d sells for the day and/or the block trades. Thanks for any info nancy

- ----- Original Message -----
From: Spencer48@aol.com
Sent: Wednesday, January 29, 2003 2:06 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] hitk

Katherine: =20

     Very nice chart analysis of HITK.  Notice that on DGO, HITK's daily =20
RS-line is up at the recent troughs in January.  This led me to believe t=
hat =20
it was strong (as a matter of fact, I categorized its RS-line as being in=
 =20
Strong Divergence).  This, in turn, led me to believe that this was a =20
worthwhile stock to buy (assuming the market turned up) on its Break Out.=
  =20

     However, your chart's downtrend in the Up/Down ratio since October/0=
2 =20
has given me pause.  Moreover, HITK's Weekly shows that it is way =20
overextended (when it broke out in Sept. at 9 [it is now at around 19]), =
so =20
perhaps this means that HITK is in a temporary top, and that its Weekly i=
s =20
reflecting its Up/Down trend-decline .  (But notice that even now, the we=
ekly =20
RS-line shows a lot of strength in its steepness and the RS-line's strong=
 =20
divergence at the top compared to a few weeks earlier).

     As I mentioned, HITK looked strong to me also, until you noted (in t=
he =20
chart) its declining Up/Down ratio.  Is there a database on-line where I =
can =20
gather this past information on the Up/Down Ratio (and Accum/Distribution=
 =20
Ratings also, if possible?)

jans

In a message dated 1/29/2003 12:04:41 PM Eastern Standard Time, =20
kmalm@earthlink.net writes:

<< HITK is not currently in a definable base, and so doesn't yet provide =
a =20
clear
entry point. See my annotated chart at:

http://www.cwhcharts.com/katherine/HITK012903.JPG

Katherine >>

- -
- -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_001_0002_01C2C7A1.DCD369E0
Content-Type: text/html; charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable


I would like t=
o also ask if anyone knows a site where it show the buys and sells for th=
e day and/or the block trades. Thanks for any info nancy
 
 =
;
 
 
----- Original Message -----
 
From: Spencer=
48@aol.com
 
Sent: Wednesday, =
January 29, 2003 2:06 PM
 
To:=
 canslim@lists.xmission.com
 
Subj=
ect: Re: [CANSLIM] hitk
 
 
Katherine: 

&nb=
sp;    Very nice chart analysis of HITK.  Notice that=
 on DGO, HITK's daily 
RS-line is up at the recent troughs in January.=
  This led me to believe that 
it was strong (as a matter of fact=
, I categorized its RS-line as being in 
Strong Divergence).  Thi=
s, in turn, led me to believe that this was a 
worthwhile stock to buy=
 (assuming the market turned up) on its Break Out.  

 &n=
bsp;   However, your chart's downtrend in the Up/Down ratio sin=
ce October/02 
has given me pause.  Moreover, HITK's Weekly shows=
 that it is way 
overextended (when it broke out in Sept. at 9 [it is =
now at around 19]), so 
perhaps this means that HITK is in a temporary=
 top, and that its Weekly is 
reflecting its Up/Down trend-decline .&n=
bsp; (But notice that even now, the weekly 
RS-line shows a lot of str=
ength in its steepness and the RS-line's strong 
divergence at the top=
 compared to a few weeks earlier).

     As I m=
entioned, HITK looked strong to me also, until you noted (in the 
char=
t) its declining Up/Down ratio.  Is there a database on-line where I=
 can 
gather this past information on the Up/Down Ratio (and Accum/Dis=
tribution 
Ratings also, if possible?)

jans

In a message=
 dated 1/29/2003 12:04:41 PM Eastern Standard Time, 
kmalm@earthlink.n=
et writes:

<< HITK is not currently in a definable base, and=
 so doesn't yet provide a 
clear
entry point. See my annotated char=
t at:

http://www.cwhcharts.com/katherine/HITK012903.JPG

Kat=
herine >>

-
-To subscribe/unsubscribe, email "majordomo@x=
mission.com"
-In the email body, write "subscribe canslim" or
-"uns=
ubscribe canslim".  Do not use quotes in your email.


- ------=_NextPart_001_0002_01C2C7A1.DCD369E0--

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- -In the email body, write "subscribe canslim" or
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------------------------------

Date: Wed, 29 Jan 2003 17:00:18 EST
From: BIKEAR@aol.com
Subject: Re: [CANSLIM] hitk

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great chart...thanks alot janis

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great chart...thanks alot janis

- --part1_14f.1af3978e.2b69a8f2_boundary--

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- -In the email body, write "subscribe canslim" or
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------------------------------

Date: Wed, 29 Jan 2003 17:06:04 EST
From: BIKEAR@aol.com
Subject: Re: [CANSLIM] float?

- --part1_17e.16025761.2b69aa4c_boundary
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Basicly don't really look at the float. right..janis..I liked your chart..I 
am trying to build my confidence again so I am studying and going slow before 
I buy anything...

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Basicly don't really look at the float. right..janis..I liked your chart..I am trying to build my confidence again so I am studying and going slow before I buy anything...

- --part1_17e.16025761.2b69aa4c_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: Wed, 29 Jan 2003 18:02:46 EST
From: BIKEAR@aol.com
Subject: Re: [CANSLIM] float?

- --part1_e.2c0e2ec7.2b69b796_boundary
Content-Type: text/plain; charset="US-ASCII"
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Where is there a place to find out about the debt and the mgnt ownership?

- --part1_e.2c0e2ec7.2b69b796_boundary
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Content-Transfer-Encoding: 7bit

Where is there a place to find out about the debt and the mgnt ownership?

- --part1_e.2c0e2ec7.2b69b796_boundary--

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- -In the email body, write "subscribe canslim" or
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------------------------------

Date: Wed, 29 Jan 2003 17:46:19 -0600
From: "Katherine Malm" 
Subject: RE: [CANSLIM] float?

This is a multi-part message in MIME format.

- ------=_NextPart_000_000D_01C2C7BE.54A0E760
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	charset="us-ascii"
Content-Transfer-Encoding: 7bit

Hi Janis,

For D/E ratios:
http://moneycentral.msn.com/investor/invsub/results/compare.asp?Page=FinancialCo
ndition&Symbol=SBUX

For management ownership, use the link I gave in an earlier email which details
the institutional and insider ownership and/or, see a roster of insiders at:
http://biz.yahoo.com/t/in/s/sbux.html

In general, you'll want to use a general jumping off point for your due
diligence. Here are 3 very good choices, though you might want to use them in
combination as they each have their strengths/weaknesses:

http://biz.yahoo.com/p/s/sbux.html

http://moneycentral.msn.com/investor/research/profile.asp?Symbol=SBUX (be sure
to install their "premium software" the first time you visit to access all the
features)



Katherine



  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of BIKEAR@aol.com
  Sent: Wednesday, January 29, 2003 5:03 PM
  To: canslim@lists.xmission.com
  Subject: Re: [CANSLIM] float?


  Where is there a place to find out about the debt and the mgnt ownership?

- ------=_NextPart_000_000D_01C2C7BE.54A0E760
Content-Type: text/html;
	charset="us-ascii"
Content-Transfer-Encoding: quoted-printable







Hi Janis,


 


For D/E ratios:


http://moneycentral.msn.com/i=
nvestor/invsub/results/compare.asp?Page=3DFinancialCondition&Symbol=3D=
SBUX


 


For management ownership, use the =
link I=20
gave in an earlier email which details the institutional and insider =
ownership=20
and/or, see a roster of insiders at:


http://biz.yahoo.com/t/in/=
s/sbux.html


 


In general, you'll want to use a =
general=20
jumping off point for your due diligence. Here are 3 very good choices, =
though=20
you might want to use them in combination as they each have their=20
strengths/weaknesses:


 


http://biz.yahoo.com/p/s/sbux=
.html


 


http://moneycentral.msn.com/investor/research/profile.asp?Symbol=3D=
SBUX (be=20
sure to install their "premium software" the first time you visit to =
access all=20
the features)


 


<ht=
tp://my.zacks.com/reports/reports.php3HLITE1=3D6699BC&HLITE2=3DDEDEC5=
&ticker=3DSBUX&session=3DTMP.JEFFREY&type=3D100>


 


Katherine


 


 


 



  
-----Original Message-----
From:=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20
  BIKEAR@aol.com
Sent: Wednesday, January 29, 2003 5:03=20
  PM
To: canslim@lists.xmission.com
Subject: Re: =
[CANSLIM]=20
  float?

Where is there a place to find out about =
the debt=20
  and the mgnt ownership? 


- ------=_NextPart_000_000D_01C2C7BE.54A0E760--



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------------------------------

Date: Wed, 29 Jan 2003 18:28:46 -0600
From: "Katherine Malm" 
Subject: RE: [CANSLIM] hitk

Hi jans,

Thank you for pointing out the difference in the RSLine on my chart and DGO,
as it lead to the discovery that our RSLine data had not been adjusted after
the recent split. That means that my comments earlier today on the recent
decline in the RSLine aren't valid. I've made a few notes on the corrected
chart as a result.

http://www.cwhcharts.com/katherine/HITK012903Revised.JPG

I agree with you that HITK is somewhat extended, as it's a hair's breath
away from Rubberband Sell Rule territory (Price >= 25% of 50dMA + >= 70% of
200dMA). It certainly was in territory at its recent high and gives some
explanation for the recent pullback. Whether or not the pullback continues
to the current trend line or stops at the 50dMA is anybody's guess, but
either way, my earlier comments about the stock being in no-man's land are
still valid, and given the market backdrop, I would definitely wait until a
valid consolidation and breakout were formed before making an entry.

As to the availability of the U/D information over time, this is something
that I found to be missing on the DGO charts and the reason I originally
asked Mike to add them to our charts even before joining him at the website.
I find it gives one additional clue as to the price/volume action and seeing
it trend over time is more useful to me than seeing it as a single data
point. That's my same reasoning for seeing the RSRank plotted over time, as
I can easily go back and see the stock's condition during prior bases. We've
made the charts available to folks on the CANSLIM list, so you can see this
when you need it by going to the site and entering your stock into the box
at the top right of our home page (www.cwhcharts.com) or via the direct
CANSLIM list link we've set up at
http://www.cwhcharts.com/charts/kmchart.php.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com
Sent: Wednesday, January 29, 2003 1:09 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] hitk


Katherine:

     Very nice chart analysis of HITK.  Notice that on DGO, HITK's daily
RS-line is up at the recent troughs in January.  This led me to believe that
it was strong (as a matter of fact, I categorized its RS-line as being in
Strong Divergence).  This, in turn, led me to believe that this was a
worthwhile stock to buy (assuming the market turned up) on its Break Out.

     However, your chart's downtrend in the Up/Down ratio since October/02
has given me pause.  Moreover, HITK's Weekly shows that it is way
overextended (when it broke out in Sept. at 9 [it is now at around 19]), so
perhaps this means that HITK is in a temporary top, and that its Weekly is
reflecting its Up/Down trend-decline .  (But notice that even now, the
weekly
RS-line shows a lot of strength in its steepness and the RS-line's strong
divergence at the top compared to a few weeks earlier).

     As I mentioned, HITK looked strong to me also, until you noted (in the
chart) its declining Up/Down ratio.  Is there a database on-line where I can
gather this past information on the Up/Down Ratio (and Accum/Distribution
Ratings also, if possible?)

jans

In a message dated 1/29/2003 12:04:41 PM Eastern Standard Time,
kmalm@earthlink.net writes:

<< HITK is not currently in a definable base, and so doesn't yet provide a
clear
 entry point. See my annotated chart at:

 http://www.cwhcharts.com/katherine/HITK012903.JPG

 Katherine >>

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------------------------------

Date: Wed, 29 Jan 2003 20:35:38 EST
From: Spencer48@aol.com
Subject: Re: [CANSLIM] hitk

Katherine,=20

     Regarding your Rubberband sell signal, IBD recently had an Investors=20
Corner (1/24/03) article with respect to when the stock gets too extended vi=
s=20
=E0 vis the 50 DMA.   I copied and pasted relevant passages below:

     ... if a stock breaks out and later pulls back to its 50-day line in a=20
rock-solid market uptrend, watch and wait. If it has logged double-digit=20
gains, industry peers are acting well and no other sell signals have been=20
triggered, the 50-day might serve only as a rest stop in a long journey to=20
epic gains. But recently the market hasn't been a hard-charging bull. It's=20
acted like an infant learning to walk.             But when a good stock=20
rises excessively above the line there may be too much investor . enthusiasm=
=20
for the stock, and the stock is going up in price at a rate that simply=20
cannot be sustained. Hello, correction!  Remember, profits aren't paintings.=
=20
Take them, don't admire them.
So how high above the 50-day is too high? IBD studied the 95 best small- and=
=20
mid-cap stocks of the 1995-97 bull market. After these stocks broke out, on=20
average they got as high as 51% above their 50-day moving average lines=20
during their big runs. The maximum rise above the 50-day was 146%.

jans=20



In a message dated 1/29/2003 7:32:38 PM Eastern Standard Time,=20
kmalm@earthlink.net writes:

<< I agree with you that HITK is somewhat extended, as it's a hair's breath
 away from Rubberband Sell Rule territory (Price >=3D 25% of 50dMA + >=3D 70=
% of
 200dMA). It certainly was in territory at its recent high and gives some
 explanation for the recent pullback. Whether or not the pullback continues
 to the current trend line or stops at the 50dMA is anybody's guess, but
 either way, my earlier comments about the stock being in no-man's land are
 still valid, and given the market backdrop, I would definitely wait until a
 valid consolidation and breakout were formed before making an entry.
  >>

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------------------------------

Date: Wed, 29 Jan 2003 21:18:59 EST
From: Spencer48@aol.com
Subject: [CANSLIM] Re. Head  & Shoulders

Canslimmers:

     Just an observation.  To me, the Daily NASDAQ looks like an H&S, with 
the left shoulder on 11/8 at 1420; the head on 12/2 at 1521; and the right 
shoulder on 1/13/03 at 1467.  The neckline is at 1320 (It closed today at 
1358, +15 on a bit more than ADV).

     The Measurement Down from the neckline is, I believe (and if I'm in 
error, I hope Tom or someone corrects me) is from the neckline to the head, 
which is about 200 points.  So if it penetrates the neckline, it should fall 
(according to chart-measurement analysis) about 200 points-or to about the 
October low (which was 1108).

jans

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------------------------------

Date: Wed, 29 Jan 2003 22:10:30 -0500
From: "Tom Worley" 
Subject: Re: [CANSLIM] hitk

heck, I would gladly settle for an infant trying to learn to walk, at least
it would be trying, standing up, walk a few steps, fall down, but then get
up and walk a few more steps. some sign of progress, a direction, however
vague. Maybe even a trend anywhere but south. This market just wants to
drool (and other nasty stuff) all over itself

- ----- Original Message -----
From: 
To: 
Sent: Wednesday, January 29, 2003 8:35 PM
Subject: Re: [CANSLIM] hitk


Katherine,

     Regarding your Rubberband sell signal, IBD recently had an Investors
Corner (1/24/03) article with respect to when the stock gets too extended
vis
à vis the 50 DMA.   I copied and pasted relevant passages below:

     ... if a stock breaks out and later pulls back to its 50-day line in a
rock-solid market uptrend, watch and wait. If it has logged double-digit
gains, industry peers are acting well and no other sell signals have been
triggered, the 50-day might serve only as a rest stop in a long journey to
epic gains. But recently the market hasn't been a hard-charging bull. It's
acted like an infant learning to walk.             But when a good stock
rises excessively above the line there may be too much investor . enthusiasm
for the stock, and the stock is going up in price at a rate that simply
cannot be sustained. Hello, correction!  Remember, profits aren't paintings.
Take them, don't admire them.
So how high above the 50-day is too high? IBD studied the 95 best small- and
mid-cap stocks of the 1995-97 bull market. After these stocks broke out, on
average they got as high as 51% above their 50-day moving average lines
during their big runs. The maximum rise above the 50-day was 146%.

jans



In a message dated 1/29/2003 7:32:38 PM Eastern Standard Time,
kmalm@earthlink.net writes:

<< I agree with you that HITK is somewhat extended, as it's a hair's breath
 away from Rubberband Sell Rule territory (Price >= 25% of 50dMA + >= 70% of
 200dMA). It certainly was in territory at its recent high and gives some
 explanation for the recent pullback. Whether or not the pullback continues
 to the current trend line or stops at the 50dMA is anybody's guess, but
 either way, my earlier comments about the stock being in no-man's land are
 still valid, and given the market backdrop, I would definitely wait until a
 valid consolidation and breakout were formed before making an entry.
  >>

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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.



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------------------------------

Date: Thu, 30 Jan 2003 07:04:27 -0600
From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] hitk

Katherine,

Is the "rubberband" rule one of your own making?  It sounds sorta familiar,
but I can't remember where I came across it.  In terms of "strength" of
sell rules, does this one rank  as a yellow light, warning of a possible
pullback?

Thanks

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] hitk                                           
                    ission.com                                                                                              
                                                                                                                            
                                                                                                                            
                    01/29/2003 06:28 PM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




Hi jans,

Thank you for pointing out the difference in the RSLine on my chart and
DGO,
as it lead to the discovery that our RSLine data had not been adjusted
after
the recent split. That means that my comments earlier today on the recent
decline in the RSLine aren't valid. I've made a few notes on the corrected
chart as a result.

http://www.cwhcharts.com/katherine/HITK012903Revised.JPG

I agree with you that HITK is somewhat extended, as it's a hair's breath
away from Rubberband Sell Rule territory (Price >= 25% of 50dMA + >= 70% of
200dMA). It certainly was in territory at its recent high and gives some
explanation for the recent pullback. Whether or not the pullback continues
to the current trend line or stops at the 50dMA is anybody's guess, but
either way, my earlier comments about the stock being in no-man's land are
still valid, and given the market backdrop, I would definitely wait until a
valid consolidation and breakout were formed before making an entry.

As to the availability of the U/D information over time, this is something
that I found to be missing on the DGO charts and the reason I originally
asked Mike to add them to our charts even before joining him at the
website.
I find it gives one additional clue as to the price/volume action and
seeing
it trend over time is more useful to me than seeing it as a single data
point. That's my same reasoning for seeing the RSRank plotted over time, as
I can easily go back and see the stock's condition during prior bases.
We've
made the charts available to folks on the CANSLIM list, so you can see this
when you need it by going to the site and entering your stock into the box
at the top right of our home page (www.cwhcharts.com) or via the direct
CANSLIM list link we've set up at
http://www.cwhcharts.com/charts/kmchart.php.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com
Sent: Wednesday, January 29, 2003 1:09 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] hitk


Katherine:

     Very nice chart analysis of HITK.  Notice that on DGO, HITK's daily
RS-line is up at the recent troughs in January.  This led me to believe
that
it was strong (as a matter of fact, I categorized its RS-line as being in
Strong Divergence).  This, in turn, led me to believe that this was a
worthwhile stock to buy (assuming the market turned up) on its Break Out.

     However, your chart's downtrend in the Up/Down ratio since October/02
has given me pause.  Moreover, HITK's Weekly shows that it is way
overextended (when it broke out in Sept. at 9 [it is now at around 19]), so
perhaps this means that HITK is in a temporary top, and that its Weekly is
reflecting its Up/Down trend-decline .  (But notice that even now, the
weekly
RS-line shows a lot of strength in its steepness and the RS-line's strong
divergence at the top compared to a few weeks earlier).

     As I mentioned, HITK looked strong to me also, until you noted (in the
chart) its declining Up/Down ratio.  Is there a database on-line where I
can
gather this past information on the Up/Down Ratio (and Accum/Distribution
Ratings also, if possible?)

jans

In a message dated 1/29/2003 12:04:41 PM Eastern Standard Time,
kmalm@earthlink.net writes:

<< HITK is not currently in a definable base, and so doesn't yet provide a
clear
 entry point. See my annotated chart at:

 http://www.cwhcharts.com/katherine/HITK012903.JPG

 Katherine >>

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