From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3282 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 Saturday, April 26 2003 Volume 02 : Number 3282 In this issue: Re: [CANSLIM] Read on EDMC RE: [CANSLIM] "M" - the trend [CANSLIM] Investor 3000 and CANSLIM? ---------------------------------------------------------------------- Date: Fri, 25 Apr 2003 10:31:39 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Read on EDMC Tomas, I see the left rim of the cup forming (a thick rim) from 9/30/02 thru 10/21/02 (and use the latter date as the "edge" of the rim for determining a current pivot). So current action looks to me to be building the handle and worth watching. On the fundies, I note that year over year they look good, but make most of their money in only two out of four quarters. One "strong qtr" is already reported, and the other is done and should be reported soon, so I don't see what will drive it higher for the next six months or so. I also note 36% ownership by mutual funds already, so not much room left for them to add more and drive it higher, more room for them to become major sellers if the earnings fail expectations both present and future. - ----- Original Message ----- From: "Tomas" To: "canslim canslim" Sent: Wednesday, April 23, 2003 11:26 PM Subject: [CANSLIM] Read on EDMC Hi everyone, What do yall think of EDMC and its price action? Looking at the graph, would you consider a cup and handle formation from beginning of Jan 2003 to mid March? (left side of cup at about 1/6, right side at about 2/5 and BO at 3/21). Or from mid Oct of 2002 til now is a big cup? Depending what formation you can consider, today's big volume could be a entry point(later formation) or the price is extended (first formation). Did I interpret it semi-right, or am I total off? tomas __________________________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo http://search.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Apr 2003 11:01:30 -0700 From: "Harold Josephson" Subject: RE: [CANSLIM] "M" - the trend Hi Ian, Would you consider sharing how you mine for the small caps? Thanks, Harold - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ian Sent: Wednesday, April 23, 2003 2:43 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] "M" - the trend Hi all: I'll add a couple of more 'M' trends - strictly personal observations: 1. Revenues are weak this quarter, in spite of generally solid earnings. I use daily IBD earnings reports as the basis of assembling a stock universe, and one of my key criterias is 20%+ revenue growth. I am finding fewer qualified candidates this quarter than I have in a long time, in spite of the abundance of great EPS growth. 2. The nanocap and microcap CANSLIM candidates that I follow really seem to be the flavour du jour of this market. I have seen many huge runs over the last 6 weeks. 3. IBD's own recent publication of the 'IBD 100' confirms my personal belief that WON"s volume and price minimums are arbitrary, and in fact are an obstacle to low-risk market-beating returns. The IBD 100 is chock full of stocks that started showing great revenue and EPS growth while the share price was still in the single digits, and ADV was low. Some examples of stocks that first made my personal radar screen as single-digit midgets over the past few years (I'd wager that many of the other issues that I do not follow, started from similar humble beginnings): (The Number is IBD's ranking in the IBD 100) 1. HITK - Was a nanocap when great earnings started hitting in the spring of '01. Volume was non-existant. The most recent 400% surge started last September as HITK saw a quantum gap up in ADV. 4. SSYS - Was a low single digit 'invisible' stock just 6 months ago. 9. TARO - I believe it was $8 pre-split, when I first noticed their great earnings in the summer of 2000 11. BCGI - was in the sinlge digits just last fall. 12. GSOF - a $7 no-volume stock when it broke out last September on great EPS growth. 20. QSII - I remember trading it from $10 in the summer of '01 21. CEDC - Tom can attest to the fact that I sent him an email in real-time when it broke out on volume at $5.20 in July '01. CEDC was so illiquid at the time that I would have risk being laughed off of the list just for bringing it up. 29. JOSB - Nifty little clothier had a qunatum volume jump early last year when it was at $8 85. USNA - A dubious industry kept me away - but great earnings kick-started volume from just $2 early last year. I'm still kicking myself on this one, as I was watching the ticker as it jumped to $3 in a heartbeat. It exhibited the same kind of tremendous ' never look back' characterstic that WON always expects from winners - even from $2! 88. JCOM - The quantum change in volume hit just 1 year ago, at $7. Cheers, Ian - ----- Original Message ----- From: Tom Worley To: CANSLIM Sent: Tuesday, April 22, 2003 8:05 PM Subject: [CANSLIM] "M" - the trend > worth noting that virtually every index still looks alike, but now are all > in a several week uptrend. In each case, they moved above on today's > trading, on above average volume, both of the recent high spikes of 3/21 and > 4/7, and are approaching the calendar year highs set back in mid January. > > RS lines are trending up, as are the 50 dma. The 200 dma appears to be > bottoming, a continuation of the short term trend will also have this line > trending up. The increase in trading volume is likewise significant to me, > as I believe a large amount of cash has been, and continues to be, on the > sidelines. I also suspect a lot of buying power is still tied up in short > positions. > > Earnings reports so far appear to be muted, most meeting lowered > expectations, which suggests to me the "real expectations" were far worse. > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -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: Sat, 26 Apr 2003 20:06:53 -0700 From: "Tim Katona" Subject: [CANSLIM] Investor 3000 and CANSLIM? I just saw this web site, does anybody have experience with this service? The text below refers to CANSLIM. Thanks, Tim http://www.investor-3000.com/strategy.html "There are over 18,000 stocks on the market. Each company releases earnings 4 times a year. When a company beats earnings expectations, the stock has a good chance of rising. The Investor3000 monitors every single company that beats earnings expectations, on a daily basis, and selects only the best of these stocks, based on momentum, volume, and earnings growth. It is set to automatically scan for stocks with positive earnings surprises. It starts with the "C" in CANSLIM. It then digs deeper, filtering for stocks with volume at least 50k or higher and quarterly earnings growth of at least 20% over a three quarter period. All stocks that are not currently moving up are kicked out. It continually monitors the market and displays a short list of stocks that match this criteria. As soon as a stock not longer qualifies, it drops from the list. You can choose the frequency of the updates from every minute to every hour, and set the Search Level to go back as far as 4 days. " - - - -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 #3282 ****************************** 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.