From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3377 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 Wednesday, June 18 2003 Volume 02 : Number 3377 In this issue: RE: [CANSLIM] GRMN and Selling RE: [CANSLIM] WORTH A LOOK RE: [CANSLIM] WORTH A LOOK [CANSLIM] Right side of cup variations... [CANSLIM] IBD Top 100 RE: [CANSLIM] IBD Top 100 RE: [CANSLIM] IBD Top 100 Re: [CANSLIM] fwht pivot [CANSLIM] Tracking Stocks held RE: [CANSLIM] Right side of cup variations... Re: [CANSLIM] fwht pivot Re: [CANSLIM] IBD Top 100 RE:[CANSLIM] IBD Top 100 Re: [CANSLIM] Right side of cup variations... [CANSLIM] OT - Which brokers? Re: [CANSLIM] Tracking Stocks held Re: [CANSLIM] OT - Which brokers? RE: [CANSLIM] TSCO RE: [CANSLIM] TSCO ---------------------------------------------------------------------- Date: Tue, 17 Jun 2003 13:12:34 -0500 From: "Dempsey, Chris" Subject: RE: [CANSLIM] GRMN and Selling The sell side is tough. I sold GPRO on 4/29 just minutes before the close, after having bought = on 4/22 with caution because the average of the handle was below the mid = point of the drop. Oh well! The following between the stars is from the archives about sells. ******************************************************************** - -----Original Message----- From: chris dempsey [mailto:chrisdempsey@mail.com] Sent: Sunday, December 12, 1999 10:45 AM To: canslim@lists.xmission.com Subject: Subject: Re: [CANSLIM] Selling Rules >From: Earl Setser [esetser@csolutions.net] >Sent: Wednesday, November 24, 1999 8:15 PM >Subject: Re: [CANSLIM] Selling Rules >"watch out if" - not sell, but watch out? >"In many instances, the stock should be sold" - doesn't define which instances >"consider selling if ..." used in numerous descriptions >"Be careful on selling if" >"Try to avoid selling if" >"You may occasionally want to sell if" >"In a few cases, you should sell if.." >"In some cases, sell if a stock" >and my personal favorite >"Sell quickly before it becomes completely clear that a stock should be sold" I liked your examples Earl. How about adding a few. #18 "Try to avoid selling on shakeouts." #20 "You may occasionally want to sell if a decline from the peak = exceeds 12 to 15%." Is he trying to tell us here that a shakeout is 12 to 15% and over that = is a sell? But if that is the case why did he use the word occasionally? #11 "...sell because its to late!" #11 "Wait until you are happy and tickled to death to sell." I'm glad to see that others have problems selling. ********************************************************************* - -----Original Message----- From: Edward W. Gjertsen II [mailto:ed@macktracks.com] Sent: Tuesday, June 17, 2003 12:41 PM To: canslim@lists.xmission.com Subject: [CANSLIM] GRMN and other thoughts GRMN is a great example of flexible selling rules. In hindsight, everything is clear. GRMN is one that raised a yellow flag for us to watch more closely. We did not sell out of our entire position until this morning. It goes back in the hopper as if it was a stock we never purchased. Remember, stocks don't have memories of who bought and sold them, only people do. The easiest rules to follow for us is 8% (or less) on the initial purchase or to possibly sell half after a 100% gain. Everything between these two points is open for discussion. Look at WON's selling rules from the first HTTMIS to his follow-up books. Buying is easy, selling is not. His selling rules often contradict themselves and there are too many variables to take into account on the sell side to offer strict disciplines after a stock has risen 10% from its initial purchase price. The selling mechanism for profitable positions will always be frustrating. Ed Gjertsen II ed@macktracks.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, 17 Jun 2003 13:15:02 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] WORTH A LOOK Hi Pritish, re: "Katherine: any comments?" With respect to the charts, can't think of anything I could possibly add to your super analysis. Only thing I'd add is a definition clarification. By definition, a "pivot" (or "breakout price") is the high point of the handle. A "breakout" is when the stock trades at or above the pivot. The "ideal buy point" is when the stock trades 0.10 above the pivot on high volume (>=150% avg volume on the breakout day). Generally, while a stock can "breakout" on low volume (ie., move above the pivot, or point of resistance), WON suggests that these kinds of breakouts are more failure prone and are best avoided. So, in practice I think most of us tend to equate the term "breakout" with "a strong breakout at the ideal buy point" but they aren't really the same thing. I like to think of "a strong breakout at the ideal buy point" as "strong (or sustained) breakout" vs. "a move above the pivot on low volume" or "weak breakout." Subtle, but helps with some of the confusion over the 10 cent issue vs. the pivot! Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Pritish Shah Sent: Tuesday, June 17, 2003 11:27 AM To: Jwvitale@aol.com; canslim@lists.xmission.com Subject: Re: [CANSLIM] WORTH A LOOK This is what I see: UTSI broke out on May 13th and is over extended currently. There is also a rising price and falling volume currently (wedging) that could indicate a problem. TCHC: This broke out yesterday at the pivot of 14.58 (.10 plus 14.48 previous high) however, its average volume is only 25k. Could be a good buy but do not put any stops -- have mental stops and execute a market order when it falls below that stop. ATH: It rose in price four trading days ago (pivot = $76.10) but volume (1,585,000) was not 1.5 times Avg Volume (1,190,045). It is rising in price and the volume is drying up so this is not a true breakout. Plus: while its price is rising, its relative strength is falling. Katherine: any comments? >>> Jwvitale@aol.com 06/17/03 01:04PM >>> Hi Everyone - Take a look at UTSI, TCHC, ATH. All have good fundamentals. Breaking out today...? Jim - - - -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, 17 Jun 2003 14:24:03 -0400 From: "Pritish Shah" Subject: RE: [CANSLIM] WORTH A LOOK Katherine, First thanks. After your comments, I am feeling great. I am learning from = great teachers (WON and you) I will add the info about pivots and weak/strong breakouts to my brain. = Open sesame... Regards, Pritish >>> kmalm@earthlink.net 06/17/03 02:15PM >>> Hi Pritish, re: "Katherine: any comments?" With respect to the charts, can't think of anything I could possibly add = to your super analysis. Only thing I'd add is a definition clarification. By definition, a "pivot" (or "breakout price") is the high point of the handle. A "breakout" is = when the stock trades at or above the pivot. The "ideal buy point" is when the stock trades 0.10 above the pivot on = high volume (>=3D150% avg volume on the breakout day). Generally, while a stock = can "breakout" on low volume (ie., move above the pivot, or point of resistance), WON suggests that these kinds of breakouts are more failure prone and are best avoided. So, in practice I think most of us tend to equate the term "breakout" with "a strong breakout at the ideal buy point" but they aren't really the same thing. I like to think of "a strong = breakout at the ideal buy point" as "strong (or sustained) breakout" vs. "a move above the pivot on low volume" or "weak breakout." Subtle, but helps with some of the confusion over the 10 cent issue vs. the pivot! Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Pritish Shah Sent: Tuesday, June 17, 2003 11:27 AM To: Jwvitale@aol.com; canslim@lists.xmission.com=20 Subject: Re: [CANSLIM] WORTH A LOOK This is what I see: UTSI broke out on May 13th and is over extended currently. There is also a rising price and falling volume currently (wedging) that could indicate a problem. TCHC: This broke out yesterday at the pivot of 14.58 (.10 plus 14.48 previous high) however, its average volume is only 25k. Could be a good = buy but do not put any stops -- have mental stops and execute a market order when it falls below that stop. ATH: It rose in price four trading days ago (pivot =3D $76.10) but volume (1,585,000) was not 1.5 times Avg Volume (1,190,045). It is rising in = price and the volume is drying up so this is not a true breakout. Plus: while = its price is rising, its relative strength is falling. Katherine: any comments? >>> Jwvitale@aol.com 06/17/03 01:04PM >>> Hi Everyone - Take a look at UTSI, TCHC, ATH. All have good fundamentals. Breaking out today...? Jim - - - -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, 17 Jun 2003 11:50:18 -0700 (PDT) From: Bill Triffet Subject: [CANSLIM] Right side of cup variations... I have noticed on some occasions there are bases where the right side of the cup is completed by perhaps only one or two gap ups. An example might be FNIS. Notice the gapup on 5/27 that forms most of the right side. Note: I'm only refering to its right side cup as an example and not the upwards handle or fundies which are suspect for me... Now, assumming the handle and volume are behaving...would the gapups on the right side be a red/yellow flag for a "solid" base? - -- Bill - - - -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, 17 Jun 2003 17:07:28 -0500 From: "Gene Ricci" Subject: [CANSLIM] IBD Top 100 Has any been bold enough to just buy and hold the top stocks from the IBD Top 100 list on the next day's open? Here's some data from two sources: If purchased on April 21 you would be up 25.42% and still holding on to them (no stops applied). Minimal criteria EPS+RS => 190 and A/D => A. 6 positions with 25.42% gain: HITK GRMN SSYS TARO BCGI (loser but basing) JBSS. If purchased on April 11, 2003 you would be up 35% (same as above criteria): HITK COH TARO How's this.... if you bought all of the stocks you would be up 16.4%. regards, Gene P.S. data is a couple of days old. - - - -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, 17 Jun 2003 17:35:19 -0500 From: "Lonnie Brauner" Subject: RE: [CANSLIM] IBD Top 100 Gene, KVHI has been in the Top 100 for a while. I bought KVHI on the "breakout" and each time it "re-broke", so to speak. I have been a longtime owner of this company and have watched it grow and start to live it's dreams (Fiber optic gyros, A5 satellite antenna for autos and SUVs, and military TACNAV - just to name three). IBD featured KVHI on the IBD Weblink, demonstrating how this stock had up to that point been acting beautifully, as far as the charting pattern goes. The stock is up by a lot. It seems to be moving sideways now on lower volume. I am hoping that the weak holders will sell and move on. And, I am hoping to see the bigger investors continue to extend KVHI's run. But, we must be cautious. By the way, could any of you offer ideas on a possible exit strategy? Let's assume M stays positive. Thanks. Lonnie - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Tuesday, June 17, 2003 5:07 PM To: canslim@lists.xmission.com Subject: [CANSLIM] IBD Top 100 Has any been bold enough to just buy and hold the top stocks from the IBD Top 100 list on the next day's open? Here's some data from two sources: If purchased on April 21 you would be up 25.42% and still holding on to them (no stops applied). Minimal criteria EPS+RS => 190 and A/D => A. 6 positions with 25.42% gain: HITK GRMN SSYS TARO BCGI (loser but basing) JBSS. If purchased on April 11, 2003 you would be up 35% (same as above criteria): HITK COH TARO How's this.... if you bought all of the stocks you would be up 16.4%. regards, Gene P.S. data is a couple of days old. - - - -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, 17 Jun 2003 18:22:48 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] IBD Top 100 Hi Gene, I can take any list of "good stocks" at any point in time and *retroactively* choose the optimal time in the past to "buy and hold the list," particularly if during that same period of time 95% of stocks in the market place are rising off 3 year lows. If the strategy itself is to buy and hold, at what point to you purchase the list (or the stocks from the list with EPS+RS>=190, AD>=A)? Why April 21? A strategy has to be robust in all time periods. What if the IBD100 had been published in early March 2000? What if I'd purchased the EPS+RS stocks or the entire list and held on to them since then? What sort of returns would I be sitting on now? Why not purchase the stocks on 12/17/01 or 12/24/02 or any other date? What happens when a stock enters and leaves the list? When would one exit? How often would one reconstitute their portfolio? If instead of buying and holding the entire list on 4/21, what if instead I'd purchased each and every stock as it broke out of a sound base on volume? How would I have caught a breakout like TALX when the RS at the time of its breakout was a measely 53? That flies in the face of mining a la CANSLIM rules, yet the IBD100 list doesn't recognize that. Another example of this is the IBD weekly review index. The assumption for that index measure is that in order to achieve the same results as the index one would have to (1) buy the entire list and (2) buy and sell the components of the list as they were added or deleted. The index returns also do not take into account the transaction costs of buying and selling each individual equity as the portfolio is jiggered from one week to the next. Numbers like these you quoted are useful in demonstrating that these *kinds* of stocks are doing well in the market since 4/21, but they don't represent a realizable return on an actual "strategy." Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci Sent: Tuesday, June 17, 2003 4:07 PM To: canslim@lists.xmission.com Subject: [CANSLIM] IBD Top 100 Has any been bold enough to just buy and hold the top stocks from the IBD Top 100 list on the next day's open? Here's some data from two sources: If purchased on April 21 you would be up 25.42% and still holding on to them (no stops applied). Minimal criteria EPS+RS => 190 and A/D => A. 6 positions with 25.42% gain: HITK GRMN SSYS TARO BCGI (loser but basing) JBSS. If purchased on April 11, 2003 you would be up 35% (same as above criteria): HITK COH TARO How's this.... if you bought all of the stocks you would be up 16.4%. regards, Gene P.S. data is a couple of days old. - - - -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, 18 Jun 2003 09:21:52 +0900 From: Simon MacMahon Subject: Re: [CANSLIM] fwht pivot Thank you Katherine. I knew there was a reason. I looked up a handles in HTMMIS but obviously didn`t pay enough attention to the cup formation rules. - - - -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, 17 Jun 2003 20:24:27 -0400 From: "jmp23834" Subject: [CANSLIM] Tracking Stocks held Can anyone share how they keep track of the trailing stops? I use MS Money for my transaction tracking and that works fine but I.m curious to what types of logs people keep for there current holdings and the current trailing stop value. I'm using sticky notes and feel there must be a better way. John P - - - -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, 17 Jun 2003 20:18:07 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Right side of cup variations... Hi Bill, For FNIS specifically, the big gap up is due to a proposed buyout offer. I'd say that this is not really typical basing action. Unless you're already in a stock when the deal is announced, I'd say avoid these altogether, as arbitrage controls the price at that point. In other cases, big gaps on the right of the base do occur, but part of what makes a base "a good base" is some degree of symmetry. For example, if a stock falls to the lows of its consolidation over a period of 5 months and then suddenly jumps up the right side of the base in a few sessions, then it lacks that symmetry and becomes more prone to shake outs that would otherwise have occurred as it built the right side of the base over time. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bill Triffet Sent: Tuesday, June 17, 2003 12:50 PM To: canslim Subject: [CANSLIM] Right side of cup variations... I have noticed on some occasions there are bases where the right side of the cup is completed by perhaps only one or two gap ups. An example might be FNIS. Notice the gapup on 5/27 that forms most of the right side. Note: I'm only refering to its right side cup as an example and not the upwards handle or fundies which are suspect for me... Now, assumming the handle and volume are behaving...would the gapups on the right side be a red/yellow flag for a "solid" base? - -- Bill - - - -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, 17 Jun 2003 20:19:54 -0700 From: Ian Subject: Re: [CANSLIM] fwht pivot Something else you may wish to know about FWHT - within their last quarterly PR (http://biz.yahoo.com/bw/030430/305735_1.html), is the following little tidbit: "Last, Google recently announced it was acquiring Applied Semantics, which has been one of our five largest distribution partners over the last year. While we think very highly of the Applied Semantics team, and will seek to continue to work with them, we believe it is prudent to anticipate that revenue from that relationship will decline significantly. Given the inherent uncertainties over the timing and the financial impact of these recent developments, we believe our actual results in Q2, Q3, and Q4 2003 could differ significantly from our current projections." That seemed to be responsible for the drop from $14 to $9 in late April/early May. I've been thinking that a short entry right near $15 would provide a very tight stop and good upside downside potential. JMHO. Cheers, Ian - ----- Original Message ----- From: "Simon MacMahon" To: Sent: Tuesday, June 17, 2003 6:21 AM Subject: [CANSLIM] fwht pivot > > Greeting, I haven`t posted much as of yet so I thought I would get the > ball rolling with a question I recently came across. Regarding > FindWhat.Com (Fwht), a stock with good fundamentals, accelerating > earnings, decent group, RS 96, good margins and ROE. It has recently > been mentioned at CwHCharts.com with a CE of 15.63. At that site the > pivot is indicated to be at 15 in which case it hasn`t broken out yet, > but if I were to have looked at the chart I would have put the pivot at > 14.15 with a breakout having occurred on June 6th. Any thoughts > would be appreciated. > > > - > -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, 17 Jun 2003 20:24:57 -0700 From: Ian Subject: Re: [CANSLIM] IBD Top 100 Hi Gene: I also seem to like to buy the ones that are "about" to enter the IBD 100: $11 - $14 stocks with great fundamentals that breakout on substantial volume increases. It seems that once they hit $15, they are getting another surge of interest from their inclusion in the IBD 100. Very recent examples include: AHMH, CRDN, TALX. I predict that TCHC will be in there very soon: Strong fundies, a superb outlook, and a solid chart breakout at $14 just a couple of days ago. It hit $15 today, so now it qualifies pricewise - I'm not sure what the other criteria are. I'll have to wait and see. Cheers, Ian - ----- Original Message ----- From: "Gene Ricci" To: Sent: Tuesday, June 17, 2003 3:07 PM Subject: [CANSLIM] IBD Top 100 > Has any been bold enough to just buy and hold the top stocks from the IBD > Top 100 list on the next day's open? Here's some data from two sources: > > If purchased on April 21 you would be up 25.42% and still holding on to them > (no stops applied). > > Minimal criteria EPS+RS => 190 and A/D => A. 6 positions with 25.42% > gain: HITK GRMN SSYS TARO BCGI (loser but basing) JBSS. > > If purchased on April 11, 2003 you would be up 35% (same as above criteria): > HITK COH TARO > > How's this.... if you bought all of the stocks you would be up 16.4%. > > regards, > Gene > > P.S. data is a couple of days old. > > > - > -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, 17 Jun 2003 22:36:37 -0500 From: "Gene Ricci" Subject: RE:[CANSLIM] IBD Top 100 This is a multi-part message in MIME format. - ------=_NextPart_000_018E_01C33520.E9DC4B60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine,=20 Because of my promise to minimize my computer time until Thursday, I'll = have to delay a more detailed response for a day or so.=20 In the meantime, you asked: "Why April 21?"=20 Nothing magical, the first IBD 100 list was released after the close of = April 11, 2003 for the Monday April 14, 2003 edition. Paper trading = started immediately.=20 Because we had 'M' at our back, Real Money trading started with the next = list on April 21st.=20 More later, Gene - ------=_NextPart_000_018E_01C33520.E9DC4B60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Katherine,=20
 
Because = of my=20 promise to minimize my computer time until Thursday, I'll have to = delay a=20 more detailed response for a day or so. =
 
In the = meantime, you=20 asked: "Why April 21?"
 
Nothing magical, the first IBD 100 list was = released after=20 the close of April 11, 2003 for the Monday April 14, 2003 = edition. Paper=20 trading started immediately.
 
Because we had 'M' at our back, Real Money = trading started=20 with the next list on April = 21st. 
 
More=20 later,
Gene
- ------=_NextPart_000_018E_01C33520.E9DC4B60-- - - - -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, 17 Jun 2003 21:06:41 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Right side of cup variations... Hi Katherine, I thought symmetry was important as well. My thoughts as well were that the sellers would not be shaken out through the base due to the quick rebound on the right side...i.e.: recouped the losses from the left side. I mainly bring it up as there are many new folks to canslim and charting that get focused on the cup/handle thing without understanding why the shape is important. - -- Bill - ----- Original Message ----- From: "Katherine Malm" To: Sent: Tuesday, June 17, 2003 6:18 PM Subject: RE: [CANSLIM] Right side of cup variations... > Hi Bill, > > For FNIS specifically, the big gap up is due to a proposed buyout offer. I'd > say that this is not really typical basing action. Unless you're already in > a stock when the deal is announced, I'd say avoid these altogether, as > arbitrage controls the price at that point. > > In other cases, big gaps on the right of the base do occur, but part of what > makes a base "a good base" is some degree of symmetry. For example, if a > stock falls to the lows of its consolidation over a period of 5 months and > then suddenly jumps up the right side of the base in a few sessions, then it > lacks that symmetry and becomes more prone to shake outs that would > otherwise have occurred as it built the right side of the base over time. > > Katherine > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bill Triffet > Sent: Tuesday, June 17, 2003 12:50 PM > To: canslim > Subject: [CANSLIM] Right side of cup variations... > > > I have noticed on some occasions there are bases where the right side of the > cup is completed by perhaps only one or two gap ups. An example might be > FNIS. Notice the gapup on 5/27 that forms most of the right side. > Note: I'm only refering to its right side cup as an example and not the > upwards handle or fundies which are suspect for me... > > Now, assumming the handle and volume are behaving...would the gapups on the > right side be a red/yellow flag for a "solid" base? > > -- > Bill > > - > -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, 18 Jun 2003 00:11:40 -0400 From: "Dave Bigham" Subject: [CANSLIM] OT - Which brokers? This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01C3352E.316EAB50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable This is slightly off topic and I appologize in advance. What are the pros and cons of the various brokers available? I do all = my own work. I don't pay any attention to the recommendations of any of = the brokers I have dealt with. I see various commission rates from = BrownCo. at $5.00 per trade to Scottrade at $7.00 per trade to who knows = how high at full commission brokers. Who is using whom and why? What are the advantages and disadvantages? = Do some kill you on the bid-ask spread and if so, how? Any and all help and discussion is appreciated. Thanks, Dave Bigham - ------=_NextPart_000_000B_01C3352E.316EAB50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
This is slightly off topic and I = appologize in=20 advance.
 
What are the pros and cons of the = various brokers=20 available?  I do all my own work.  I don't pay any attention = to the=20 recommendations of any of the brokers I have dealt with.  I see = various=20 commission rates from BrownCo. at $5.00 per trade to Scottrade at $7.00 = per=20 trade to who knows how high at full commission brokers.
 
Who is using whom and why?  What = are the=20 advantages and disadvantages?  Do some kill you on the bid-ask = spread and=20 if so, how?
 
Any and all help and discussion is=20 appreciated.
 
Thanks,
Dave Bigham
- ------=_NextPart_000_000B_01C3352E.316EAB50-- - - - -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, 17 Jun 2003 21:25:32 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Tracking Stocks held John, Funny you bring this up. Myself being a programmer, I still like hand written notes! Without knowing the number of stocks you own I'd say perhaps your holding to many if you can't keep track? I say this because part of the canslim criteria is focusing on just a few good stocks to maximize your gains. Holding a large number kind of turns it all into a mutual fund if you will. There's been some discussion here in the past about how many to own at once. I seem to recall WON mentioning at one of his seminars something like 5-6 max for a $100k trading portfolio. That said, I have a slight problem in that I allowed myself to slowly pick up multiple small positions over time (kept getting my feet wet...). They're all doing ok so I'm sort of stuck with them for now. (g) - -- Bill - ----- Original Message ----- From: "jmp23834" To: Sent: Tuesday, June 17, 2003 5:24 PM Subject: [CANSLIM] Tracking Stocks held > Can anyone share how they keep track of the trailing stops? I use MS Money > for my transaction tracking and that works fine but I.m curious to what > types of logs people keep for there current holdings and the current > trailing stop value. I'm using sticky notes and feel there must be a better > way. > > John P > > > - > -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, 18 Jun 2003 00:44:45 EDT From: KLall1112@aol.com Subject: Re: [CANSLIM] OT - Which brokers? - --part1_30.416daed8.2c21483d_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dave I have used Bown for the last ten years. The service/execution is great and $5.00 per trade is great too. Kris - --part1_30.416daed8.2c21483d_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Dave

I have used Bown for the last ten years. The service/execution is great and=20= $5.00 per trade is great too.

Kris
 - --part1_30.416daed8.2c21483d_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, 18 Jun 2003 00:09:13 -0700 From: "Harold Josephson" Subject: RE: [CANSLIM] TSCO Hi Katherine, What do you conclude from this chart? Thanks Harold - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Monday, June 16, 2003 11:07 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] TSCO Hi Treb, Here's the chart as I see it: http://www.cwhcharts.com/katherine/TSCO061603.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Treb Courie Sent: Monday, June 16, 2003 11:48 AM To: canslim@lists.xmission.com Subject: [CANSLIM] TSCO Is TSCO breaking out today? It's got good fundamentals and is on my watch list. However, I think I'm going to stay off of it--it looks to me like it broke out of a sloppy handle on 2 June and is too extended now. Regards, Treb - - - -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, 18 Jun 2003 07:56:18 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] TSCO Hi Harold, In the context of the discussion, a stock that is *already* rising from a previous consolidation affords no low-risk entry point. With TSCO, an entry here puts you at risk of sitting out another pullback to the previous logical area of support. In this case, that can be all the way back to the previous pivot, slightly below (as that wide bar during the last pullback just after the last BO suggests), or somewhere around the 50dMA. The slight wedging action in recent weeks suggests that the probability of a pullback is very high, and particularly if one uses an 8% stop loss, the probability of being shaken out is therefore very high. If one really likes this stock, then it's a lot smarter to wait for a benign pullback and take your chances that it begins to move up again from the pullback, as your odds of making money on the trade are considerably higher. This is precisely what Fred has done for a couple of years, purchasing on pullbacks and selling TSCO many times since 12/01. I think the lesson with something like TSCO is that the 8% stop loss is a protective mechanism for entry at the ideal buy point (a strong BO on volume from a base), as the pullback here tends not to be much deeper if the BO is strong. However, using an 8% stop when entering an extended stock is just and excuse to loose 8%. There are plenty of good stocks out there, but one can purcase "a very good stock" and still lose their shirt 8% at a time. When a stock is extended, the 8% stop has no logic, because the next logical area of support is generally much, much lower than 8% below the extended entry. Even if one were to set a stop well below the 8% and back at logical support, then the risk is that the stock not only pulls back but *fails* outright, falling back into the base. At that point, a stop would force you out at a much bigger loss than 8%. Oooh...makes me shiver to think about it. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Harold Josephson Sent: Wednesday, June 18, 2003 1:09 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] TSCO Hi Katherine, What do you conclude from this chart? Thanks Harold - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Monday, June 16, 2003 11:07 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] TSCO Hi Treb, Here's the chart as I see it: http://www.cwhcharts.com/katherine/TSCO061603.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Treb Courie Sent: Monday, June 16, 2003 11:48 AM To: canslim@lists.xmission.com Subject: [CANSLIM] TSCO Is TSCO breaking out today? It's got good fundamentals and is on my watch list. However, I think I'm going to stay off of it--it looks to me like it broke out of a sloppy handle on 2 June and is too extended now. Regards, Treb - - - -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. ------------------------------ End of canslim-digest V2 #3377 ****************************** 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.