From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3405 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 Monday, July 7 2003 Volume 02 : Number 3405 In this issue: [CANSLIM] What went wrong! Re: [CANSLIM] What went wrong! Re: [CANSLIM] What went wrong! Re: [CANSLIM] What went wrong! Re: [CANSLIM] Profit taking... TIVO RE: [CANSLIM] Profit taking... TIVO [CANSLIM] CANSLIM FAQ (Monthly Posting) ---------------------------------------------------------------------- Date: Mon, 7 Jul 2003 08:43:56 -0400 From: "John Pyle" Subject: [CANSLIM] What went wrong! This is a multi-part message in MIME format. - ------=_NextPart_000_002C_01C34463.E6F73E80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable As a educational experience I would like to offer a past trade and = solicit feedback. I bought RYL in May for 53.53. I was stopped out with = a trailing stop on 6/23 at 69.44. My questions are: 1. Was the trailing stop to high? 2. Does the chart pattern look like like the stock is just taking a = breather? 3. What signal is used to buy back in? 4. Should I be happy with the priofit and move on to another stock with = a propoer cwh pattern? John P. - ------=_NextPart_000_002C_01C34463.E6F73E80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
As a educational experience I would = like to offer a=20 past trade and solicit feedback. I bought RYL in May for 53.53. I was = stopped=20 out with a trailing stop on 6/23 at 69.44. My questions = are:
 
1. Was the trailing stop to = high?
2. Does the chart pattern look like = like the stock=20 is just taking a breather?
3. What signal is used to buy back = in?
4. Should I be happy with the priofit = and move on=20 to another stock with a propoer cwh pattern?
 
John P.
- ------=_NextPart_000_002C_01C34463.E6F73E80-- - - - -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: Mon, 7 Jul 2003 06:33:24 -0700 (PDT) From: Jerrod Mason Subject: Re: [CANSLIM] What went wrong! Isn't it interesting that a 30% profit in one month should be considered a mistake?!? Jerrod Mason - --- John Pyle wrote: > As a educational experience I would like to offer a > past trade and solicit feedback. I bought RYL in May > for 53.53. I was stopped out with a trailing stop on > 6/23 at 69.44. My questions are: > > 1. Was the trailing stop to high? > 2. Does the chart pattern look like like the stock > is just taking a breather? > 3. What signal is used to buy back in? > 4. Should I be happy with the priofit and move on to > another stock with a propoer cwh pattern? > > John P. __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.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. ------------------------------ Date: Mon, 7 Jul 2003 06:39:43 -0700 (PDT) From: Jack Subject: Re: [CANSLIM] What went wrong! - --0-1056586956-1057585183=:23233 Content-Type: text/plain; charset=us-ascii John, what was your trailing stop set at? Jack - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-1056586956-1057585183=:23233 Content-Type: text/html; charset=us-ascii
John, what was your trailing stop set at?


Jack


Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month! - --0-1056586956-1057585183=:23233-- - - - -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: Mon, 7 Jul 2003 10:04:57 -0400 From: "John P" Subject: Re: [CANSLIM] What went wrong! This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C3446F.38716500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I was using a trailing stop at 2 times the 5 day Average True Range. ----- Original Message -----=20 From: Jack=20 To: canslim@lists.xmission.com=20 Sent: Monday, July 07, 2003 9:39 AM Subject: Re: [CANSLIM] What went wrong! John, what was your trailing stop set at?=20 Jack - -------------------------------------------------------------------------= - ----- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - ------=_NextPart_000_004C_01C3446F.38716500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I was using a trailing stop at 2 times = the 5 day=20 Average True Range.
----- Original Message -----
From:=20 Jack =
Sent: Monday, July 07, 2003 = 9:39 AM
Subject: Re: [CANSLIM] What = went=20 wrong!

John, what was your trailing stop set at?


Jack


Do you Yahoo!?
SBC=20 Yahoo! DSL - Now only $29.95 per month! - ------=_NextPart_000_004C_01C3446F.38716500-- - - - -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: Mon, 7 Jul 2003 10:13:28 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] Profit taking... TIVO This is a multi-part message in MIME format. - ------=_NextPart_000_004D_01C34470.69276040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi, Dave, Welcome to the group. I don't post much, but identified with your = attachment to TIVO. I had/have a similar attachment to GRMN. I have been in and out of the stock a couple of times since last fall, = but most recently was up 70% in a few months. Because I "loved" the = stock and wasn't using Sell Rules, I watched the stock drop (on heavy = volume, which should have been a Sell Signal for me), and ended up = selling at a 39% profit. Study WON's Sell Rules and try to be disciplined in your decision = making. Follow the chart (reality) with your head, rather than your = heart. Ann ----- Original Message -----=20 From: Dave Stem=20 To: canslim@lists.xmission.com=20 Sent: Monday, July 07, 2003 12:12 AM Subject: [CANSLIM] Profit taking... TIVO Hi all... I'm new to the group and also in Santa Monica... here's a = question re: profit taking directed at Katherine and other experienced = investors... that is, those who've actually had profits LOL...=20 I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting on a = 50+% profit in a month. Yes, it's due for a short term correction, but = I love the product and sales are doing very well. According to David = Ryan (WON's disciple from Market Wizards) I should take 30-50% off the = table, with plans to reinvest on any correctly forming base if I still = like the stock. Or I could simply place a stop under the recent support = which is very strong and clear at 9.25. I have such an attachment emotionally to this stock. I know it's = wrong. But the rapid success is clouding my judgement. The same with = AMHC. I'm used to selling at a loss, but find it hard to take a profit. = Crazy. Any words of wisdom from the vets? Dave in Santa Monica - -------------------------------------------------------------------------= - ----- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - ------=_NextPart_000_004D_01C34470.69276040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi, Dave,
 
Welcome to the group. I = don't post=20 much, but identified with your attachment to TIVO. I had/have a similar=20 attachment to GRMN.
 
I have been in and out of = the stock a=20 couple of times since last fall, but most recently was up 70% in a few = months.=20 Because I "loved" the stock and wasn't using Sell Rules, I watched the = stock=20 drop (on heavy volume, which should have been a Sell Signal for me), and = ended=20 up selling at a 39% profit.
 
Study WON's Sell Rules = and try to be=20 disciplined in your decision making. Follow the chart (reality) with = your head,=20 rather than your heart.
 
Ann
 
----- Original Message -----
From:=20 Dave Stem
Sent: Monday, July 07, 2003 = 12:12=20 AM
Subject: [CANSLIM] Profit = taking...=20 TIVO

Hi all... I'm new to the group and also in Santa Monica... here's a = question re: profit taking directed at Katherine and other experienced = investors... that is, those who've actually had profits LOL...

I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting on = a 50+%=20 profit in a month.  Yes, it's due for a short term correction, = but I love=20 the product and sales are doing very well.  According to David = Ryan=20 (WON's disciple from Market Wizards) I should take 30-50% off the = table, with=20 plans to reinvest on any correctly forming base if I still like the=20 stock.  Or I could simply place a stop under the recent support = which is=20 very strong and clear at 9.25.

I have such an attachment emotionally to this stock.  I know = it's=20 wrong.  But the rapid success is clouding my judgement.  The = same=20 with AMHC.  I'm used to selling at a loss, but find it hard to = take a=20 profit.  Crazy.  Any words of wisdom from the vets?

Dave in Santa Monica


Do you Yahoo!?
SBC=20 Yahoo! DSL - Now only $29.95 per month! - ------=_NextPart_000_004D_01C34470.69276040-- - - - -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: Mon, 7 Jul 2003 09:26:23 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Profit taking... TIVO This is a multi-part message in MIME format. - ------=_NextPart_000_0017_01C34469.D5670820 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Ann, Great point you made about following sell rules. I have a this "rule" that I wrote for myself several years ago written on the front of my trading journal, which sits on my desk in full view at all times: "Fall in love with a product, fall in love with a company, but never fall in love with a stock." And welcome, Dave! When it comes to the complex world of sell rules, there are many options one can take depending on one's goals at the time of purchase, their risk tolerance, etc. The key, as Ann pointed out so well, is that *before* you make the purchase, that you set out the rules of the game for that particular position. If at the time you purchased, you made an intentional decision to follow certain profit taking and loss protection guidelines for that holding, then stick with them. TIVO is a tough stock, very volatile and screaming back from a black hole of a bottom. As a company, they have strong brand recognition and fierce customer loyalty to the TIVO concept. However, they have the pesky problem of a very complex licensing scheme, negative cash flow, and no earnings. If you've dug into the financials and feel confident that they can pull off profitability, that's one thing. However, as a CANSLIM candidate in the truest sense, they haven't yet "proved" they are able to translate a good concept into a profitable business that's capable of a sustainable growth rate in the future. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Hollingworth Sent: Monday, July 07, 2003 8:13 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Profit taking... TIVO Hi, Dave, Welcome to the group. I don't post much, but identified with your attachment to TIVO. I had/have a similar attachment to GRMN. I have been in and out of the stock a couple of times since last fall, but most recently was up 70% in a few months. Because I "loved" the stock and wasn't using Sell Rules, I watched the stock drop (on heavy volume, which should have been a Sell Signal for me), and ended up selling at a 39% profit. Study WON's Sell Rules and try to be disciplined in your decision making. Follow the chart (reality) with your head, rather than your heart. Ann ----- Original Message ----- From: Dave Stem To: canslim@lists.xmission.com Sent: Monday, July 07, 2003 12:12 AM Subject: [CANSLIM] Profit taking... TIVO Hi all... I'm new to the group and also in Santa Monica... here's a question re: profit taking directed at Katherine and other experienced investors... that is, those who've actually had profits LOL... I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting on a 50+% profit in a month. Yes, it's due for a short term correction, but I love the product and sales are doing very well. According to David Ryan (WON's disciple from Market Wizards) I should take 30-50% off the table, with plans to reinvest on any correctly forming base if I still like the stock. Or I could simply place a stop under the recent support which is very strong and clear at 9.25. I have such an attachment emotionally to this stock. I know it's wrong. But the rapid success is clouding my judgement. The same with AMHC. I'm used to selling at a loss, but find it hard to take a profit. Crazy. Any words of wisdom from the vets? Dave in Santa Monica - ---------------------------------------------------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - ------=_NextPart_000_0017_01C34469.D5670820 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Ann,
 
Great point you made about = following sell=20 rules. I have a this "rule" that I wrote for myself several years ago = written on=20 the front of my trading journal, which sits on my desk in full view at = all=20 times:
 
"Fall in love with a product, fall = in love=20 with a company, but never fall in love with a stock."
 
And welcome, Dave! When it comes = to the=20 complex world of sell rules, there are many options one can take = depending on=20 one's goals at the time of purchase, their risk tolerance, etc. The key, = as Ann=20 pointed out so well, is that *before* you make the purchase, that you = set out=20 the rules of the game for that particular position. If at the time you=20 purchased, you made an intentional decision to follow certain profit = taking and=20 loss protection guidelines for that holding, then stick with them. =
 
TIVO is a tough stock, very = volatile and=20 screaming back from a black hole of a bottom. As a company, they have = strong=20 brand recognition and fierce customer loyalty to the TIVO concept. = However, they=20 have the pesky problem of a very complex licensing scheme, negative cash = flow,=20 and no earnings. If you've dug into the financials and feel confident = that they=20 can pull off profitability, that's one thing. However, as a CANSLIM = candidate in=20 the truest sense, they haven't yet "proved" they are able to translate a = good=20 concept into a profitable business that's capable of a sustainable = growth rate=20 in the future.
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann=20 Hollingworth
Sent: Monday, July 07, 2003 8:13 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Profit = taking...=20 TIVO

Hi, Dave,
 
Welcome to the group. I = don't post=20 much, but identified with your attachment to TIVO. I had/have a = similar=20 attachment to GRMN.
 
I have been in and out = of the stock=20 a couple of times since last fall, but most recently was up 70% in a = few=20 months. Because I "loved" the stock and wasn't using Sell Rules, I = watched the=20 stock drop (on heavy volume, which should have been a Sell Signal for = me), and=20 ended up selling at a 39% profit.
 
Study WON's Sell Rules = and try to=20 be disciplined in your decision making. Follow the chart (reality) = with your=20 head, rather than your heart.
 
Ann
 
----- Original Message -----
From:=20 Dave Stem
Sent: Monday, July 07, 2003 = 12:12=20 AM
Subject: [CANSLIM] Profit = taking...=20 TIVO

Hi all... I'm new to the group and also in Santa Monica... here's = a=20 question re: profit taking directed at Katherine and other = experienced=20 investors... that is, those who've actually had profits LOL...

I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting = on a=20 50+% profit in a month.  Yes, it's due for a short term = correction, but=20 I love the product and sales are doing very well.  According to = David=20 Ryan (WON's disciple from Market Wizards) I should take 30-50% off = the=20 table, with plans to reinvest on any correctly forming base if I = still like=20 the stock.  Or I could simply place a stop under the recent = support=20 which is very strong and clear at 9.25.

I have such an attachment emotionally to this stock.  I know = it's=20 wrong.  But the rapid success is clouding my judgement.  = The same=20 with AMHC.  I'm used to selling at a loss, but find it hard to = take a=20 profit.  Crazy.  Any words of wisdom from the vets?

Dave in Santa Monica


Do you Yahoo!?
SBC=20 Yahoo! DSL - Now only $29.95 per=20 month!
- ------=_NextPart_000_0017_01C34469.D5670820-- - - - -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: Mon, 7 Jul 2003 11:22:08 -0500 From: "Katherine Malm" Subject: [CANSLIM] CANSLIM FAQ (Monthly Posting) This is a multi-part message in MIME format. - ------=_NextPart_000_0029_01C3447A.00E607C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit This FAQ is also available at: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Scope of discussion, Etiquette: Here are a couple of quotes from the welcome email that Jeff Salisbury, the list owner and host, sends to each new member: "This is an unmoderated discussion group whose purpose is to provide a forum for individuals to: 1.. Discuss the ideas and concepts of CANSLIM. 2.. Add to the concepts of CANSLIM from personal experience. 3.. Exchange sources of information on the internet and software that can be used to select stocks using the CANSLIM methodology. 4.. Discuss specific equities and how they may or may not meet the CANSLIM criteria. " "Anyone who resorts to rudeness, flaming, and personal attacks will be removed from our group." “By signing up for this list, you agree to the following: This list is a private list. All information that you take from this list is for your private use only. Commercial use of this information is forbidden.” Commonly used (misc) abbreviations: BO or B/O = Breakout DD= Due Diligence dMA = days Moving Average (a simple moving average unless otherwise specified) FTD = Follow Through Day http://www.market-tester.com/primer.htm HTMMIS = "How to Make Money in Stocks" by William J. O'Neil IBD = Investors Business Daily (www.investors.com) IMHO = In My Humble Opinion sometimes used as IMO or JMO or my $0.02 LOL = Laughing Out Loud M = Market ( the "M" in CANSLIM) MA = Moving Average N = New (the "N" in CANSLIM) VR = Virtual Reality fund (Fund where “everything’s real except the money”…see www.marketocracy.com) WON = William O'Neil, originator of CANSLIM IBD/CANSLIM Proprietary Rankings: A/D = Accumulation/Distribution EPS = Earnings per Share Rank GRS = Group Relative Strength RS = Relative Strength SMR = Sales/Margins/ROE Comp = Composite Ranking Misc. Lists posted in the IBD or at Investors.com: WR = Weekend Review, list published each Friday in the paper WTBMIF = Where the Big Money is Flowing, list of stocks moving up or down on volume published daily in the paper. Top 5 stocks moving up and down are updated intraday at Investors.com IBD100 = IBD list of the “top 100” stocks, list published each Monday in the paper. Also available as a downloadable spreadsheet at Investors.com SOD = Screen of the Day, a screening of stocks updated daily at Investors.com. Screens rotate from one day to the next. Accounting/Finance Abbreviations: BS or B/S = Balance Sheet cflo = Cash Flow D/E = Debt to Equity IS or I/S = Income Statement PE or P/E = Price to Earnings ratio Pro Forma earnings = http://www.sec.gov/investor/pubs/proforma12-4.htm Accounting 101: http://uoutperform.com/New_Folder/fundamental_analysis.htm http://www.investopedia.com/university/fundamentalanalysis/ http://www.WallStreet-LLC.com/canslim/Accounting101.doc Commonly discussed technical patterns: 2B=Double Bottoms A Base = Ascending Base C&H or CwH = Cup and Handle (http://www.cwhcharts.com/WON_cwh.htm.) FB=Flat Base HTF = High Tight Flag LLUR = Lower Left Upper Right (a stock on the rise, channeling in a tight range) For general discussion of chart patterns: http://stockcharts.com/education/What/ChartAnalysis/index.html Commonly discussed software/tools: AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee DGO= DailyGraphs Online ( www.dailygraphs.com ) – 7 day trial $19.95 HGSI = High Growth Stock Investing (www.highgrowthstock.com) – 60 day paid trial $49 QP2 = Quotes Plus (www.qp2.com) TC2000 = Worden Brothers TC2000 technical analysis software (http://www.tc2000.com) -30 day free trial VV= VectorVest (www.vectorvest.com) – 5 week trial $9.95 If you are new to CANSLIM investing (or just need a refresher): Take advantage of the excellent learning center at the IBD site-- www.investors.com/learn Access to the following are free, but require you to register at the site: Ask Bill O’Neil: http://www.investors.com/askbill/arclist.asp IBD Investor's Corner Archives: http://www.investors.com/editorial/editorialcontent.asp?secid=1100&status=archiv elist Using Charts To Round Out Stock Selection, Part I: http://www.investors.com/learn/B09.asp Using Charts To Round Out Stock Selection, Part II: http://www.investors.com/learn/B10.asp Free sites for stock scanning: http://moneycentral.msn.com/investor/finder/predefstocks.asp http://www.marketguide.com/screen/SScreen.asp http://cbs.marketwatch.com/tools/stockresearch/screener/ Free sites for charting: www.stockcharts.com www.bigcharts.com http://www.moneycentral.msn.com/investor/charts/charting.asp?Symbol=csco Due diligence sites: Company's web site http://biz.yahoo.com/p/c/csco.html http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=CSCO www.cwhcharts.com/canslim (limited to 5 stocks per person per day) www.investors.com (Requires subscription-look for the stock checkup feature) http://my.zacks.com/reports/reports.php3?HLITE1=6699BC&HLITE2=DEDEC5&ticker=SBUX &session=TMP.JEFFREY&type=100 (This is the “Whole Enchilada” report) Free sites for viewing industry information: http://host.wallstreetcity.com/wsc2/Industry_Group_Report.html http://bigcharts.marketwatch.com/industry/bigcharts-com/ http://www.prophet.net/explore/sectorrankings.jsp http://clearstation.etrade.com/cgi-bin/Itechnicals?Sector=0 Free resources for real time tracking: www.quotetracker.com Tools provided by members: - -CANSLIM Evaluator provided by Mike Gibbons: A tool that evaluates a stock against each of the CANSLIM criteria except M. Also provides due diligence links and detailed fundamental data. (http://www.breakoutwatch.com/canslim) - -Charts for CANSLIM provided by Mike Gibbons: A straightforward chart showing the price/volume action, pivots, % off 52 wk high, RS Line relative to the S&P500, RS Rank plotted over time, U/D ratio over time. Displays daily for 3, 6, 9, or 12 months (daily) or 1, 2 or 3 years (weekly). Updated with 20 minute delayed intraday pricing as well. (http://www.breakoutwatch.com/charts/kmchart.php) - -CANSLIMLinks provided by Katherine Malm: An Excel spreadsheet that contains macros for creating links to sites useful for evaluating CANSLIM stocks. Allows you to list stocks of your choosing. Full functionality only available with Excel 2000 for Windows. Limited functionality in prior versions. (http://www.breakoutwatch.com/katherine/CANSLIMLinksAutomated.zip) - -Favorite Resources provided by Katherine Malm: A Word document listing various sites I find useful in CANSLIM investing. (http://www.breakoutwatch.com/katherine/FavoriteResourcesKM.doc) List FAQ compiled by Katherine Malm. If you have suggestions for additions and/or revisions, please contact me at kmalm@earthlink.net Rev 7/7/03 In memory of Tom Worley 4/26/03 Mentor, friend, and the anchor of the CANSLIM list for nearly 10 years Thank you for your many contributions. Rest in peace, Tom. - ------=_NextPart_000_0029_01C3447A.00E607C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

This FAQ is also available at:=20

http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.doc=20 or

http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.zip=20 (zipped version for those who are having trouble displaying the document = within=20 their browser)

 

Scope of=20 discussion, Etiquette:

Here are a = couple=20 of quotes from the welcome email that Jeff Salisbury, the list = owner and=20 host, sends to each new member:

 

"This is an = unmoderated=20 discussion group whose purpose is to provide a forum for individuals to: =

  1. Discuss=20 the ideas and concepts of CANSLIM.=20
  2. Add=20 to the concepts of CANSLIM from personal experience.=20
  3. Exchange=20 sources of information on the internet and software that can be used = to select=20 stocks using the CANSLIM methodology.=20
  4. Discuss=20 specific equities and how they may or may not meet the CANSLIM=20 criteria. "

"Anyone who resorts to rudeness, flaming, and personal attacks will = be=20 removed from our group."

=93By signing up for this list, you agree to the following:  = This list is=20 a private list.  All information that you take from this list is = for your=20 private use only.  Commercial use of this information is = forbidden.=94

Commonly used = (misc)=20 abbreviations:

BO or B/O =3D = Breakout

DD=3D Due = Diligence

dMA =3D days Moving = Average (a=20 simple moving average unless otherwise specified)

FTD =3D Follow = Through Day http://www.market-tester= .com/primer.htm

HTMMIS =3D "How to = Make Money in=20 Stocks" by William J. O'Neil

IBD =3D Investors = Business=20 Daily  (www.investors.com)

IMHO =3D In My Humble = Opinion=20 sometimes used as IMO or JMO or my $0.02

LOL =3D Laughing Out = Loud

M =3D Market ( the = "M" in=20 CANSLIM)

MA =3D Moving = Average

N =3D New (the "N" in = CANSLIM)

VR =3D = Virtual=20 Reality fund (Fund where =93everything=92s real except the = money=94=85see=20 www.marketocracy.com)

WON =3D William = O'Neil, originator=20 of CANSLIM

 

IBD/CANSLIM = Proprietary=20 Rankings:

A/D =3D=20 Accumulation/Distribution

EPS =3D Earnings per = Share Rank

GRS =3D Group = Relative Strength

RS =3D Relative = Strength

SMR =3D = Sales/Margins/ROE

Comp =3D Composite = Ranking

 

Misc. Lists = posted in the IBD=20 or at Investors.com:

WR =3D Weekend Review, list published each = Friday in=20 the paper

WTBMIF =3D Where the Big Money is Flowing, = list of=20 stocks moving up or down on volume published daily in the paper. Top 5 = stocks=20 moving up and down are updated intraday at=20 Investors.com

IBD100 =3D IBD list of the =93top 100=94 = stocks, list=20 published each Monday in the paper. Also available as a downloadable = spreadsheet=20 at Investors.com

SOD = =3D Screen of=20 the Day, a screening of stocks updated daily at Investors.com. Screens = rotate=20 from one day to the next.

 

Accounting/Finance=20 Abbreviations:

BS or B/S =3D Balance = Sheet

cflo =3D Cash = Flow

D/E =3D Debt to = Equity

IS or I/S =3D Income = Statement

PE or P/E =3D Price = to Earnings=20 ratio

Pro Forma earnings = =3D http://www.sec= .gov/investor/pubs/proforma12-4.htm

 

Accounting = 101:

http:= //uoutperform.com/New_Folder/fundamental_analysis.htm
http= ://www.investopedia.com/university/fundamentalanalysis/
http://w= ww.WallStreet-LLC.com/canslim/Accounting101.doc

 

Commonly = discussed technical=20 patterns:

2B=3DDouble=20 Bottoms

A Base =3D Ascending = Base

C&H or CwH =3D = Cup and=20 Handle  (http://www.cwhcharts.com/WO= N_cwh.htm.)

FB=3DFlat Base

HTF =3D High Tight = Flag

LLUR =3D Lower Left = Upper=20 Right (a stock on the rise, channeling in a tight range)

For general = discussion of chart=20 patterns: h= ttp://stockcharts.com/education/What/ChartAnalysis/index.html<= /P>

 

Commonly = discussed=20 software/tools:

AAII Stock Investor = Pro http://www.aaii.com/ - money back = guarantee

DGO=3D DailyGraphs=20 Online  ( www.dailygraphs.com ) =96 = 7 day trial=20 $19.95

HGSI =3D High Growth = Stock=20 Investing (www.highgrowthstock.com) = =96 60 day=20 paid trial $49

QP2 =3D Quotes Plus = (www.qp2.com)

TC2000 =3D  = Worden Brothers=20 TC2000 technical analysis software (http://www.tc2000.com) -30 day free=20 trial

VV=3D VectorVest (www.vectorvest.com) =96 5 week = trial=20 $9.95

 

If you are new to = CANSLIM=20 investing (or just need a refresher):

Take advantage of the = excellent=20 learning center at the IBD site-- www.investors.com/learn

 

Access to the = following are free,=20 but require you to register at the site:

Ask Bill O=92Neil: http://www.investor= s.com/askbill/arclist.asp

IBD=20 Investor's Corner Archives:
http://www.investors.com/editorial/editoria= lcontent.asp?secid=3D1100&status=3Darchivelist

Using=20 Charts To Round Out Stock Selection, Part I: http://www.investors.com/= learn/B09.asp

Using=20 Charts To Round Out Stock Selection, Part II: http://www.investors.com/= learn/B10.asp

 

Free sites for = stock=20 scanning:

htt= p://moneycentral.msn.com/investor/finder/predefstocks.asp

http://www.marketg= uide.com/screen/SScreen.asp

http://= cbs.marketwatch.com/tools/stockresearch/screener/

 

Free sites for=20 charting:

www.stockcharts.com

www.bigcharts.com

http://www.moneycentral.msn.com/investor/charts/charting.asp?S= ymbol=3Dcsco

 

Due diligence = sites:

Company's web = site

http://biz.yahoo.com/p/c/csco= .html

http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=3D= CSCO

www.cwhcharts.com/canslim = (limited=20 to 5 stocks per person per day)

www.investors.com (Requires=20 subscription-look for the stock checkup feature)

h= ttp://my.zacks.com/reports/reports.php3?HLITE1=3D6699BC&HLITE2=3DDEDE= C5&ticker=3DSBUX&session=3DTMP.JEFFREY&type=3D100=20 (This is the =93Whole Enchilada=94 report)

 

Free sites=20 for viewing industry information:

h= ttp://host.wallstreetcity.com/wsc2/Industry_Group_Report.html

http://= bigcharts.marketwatch.com/industry/bigcharts-com/

http://www.pro= phet.net/explore/sectorrankings.jsp

ht= tp://clearstation.etrade.com/cgi-bin/Itechnicals?Sector=3D0

 

Free resources = for real time=20 tracking:

www.quotetracker.com

 

Tools provided by = members:

-CANSLIM Evaluator = provided by=20 Mike Gibbons: A tool that evaluates a stock against each of the CANSLIM = criteria=20 except M. Also provides due diligence links and detailed fundamental = data.=20 (http://www.breakoutwatch.co= m/canslim)

-Charts for = CANSLIM provided=20 by Mike Gibbons: A straightforward chart showing the price/volume = action,=20 pivots, % off 52 wk high, RS Line relative to the S&P500, RS Rank = plotted=20 over time, U/D ratio over time. Displays daily for 3, 6, 9, or 12 months = (daily)=20 or 1, 2 or 3 years (weekly). Updated with 20 minute delayed intraday = pricing as=20 well. (http://www.break= outwatch.com/charts/kmchart.php)

-CANSLIMLinks = provided by=20 Katherine Malm: An Excel spreadsheet that contains macros for creating = links to=20 sites useful for evaluating CANSLIM stocks. Allows you to list stocks of = your=20 choosing. Full functionality only available with Excel 2000 for Windows. = Limited=20 functionality in prior versions. (http://www.breakoutwatch.com/katherine/CANSLIMLinksAutomated.zip)

-Favorite Resources = provided by=20 Katherine Malm: A Word document listing various sites I find useful in = CANSLIM=20 investing. (h= ttp://www.breakoutwatch.com/katherine/FavoriteResourcesKM.doc)

 

 

List FAQ compiled by = Katherine=20 Malm. If you have suggestions for additions and/or revisions, please = contact me=20 at kmalm@earthlink.net

Rev 7/7/03

 

In memory of Tom = Worley=20 4/26/03

Mentor, friend, and = the anchor of=20 the CANSLIM list for nearly 10 years

Thank you for your = many=20 contributions. Rest in peace, Tom.

 

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