From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3553 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 Friday, August 22 2003 Volume 02 : Number 3553 In this issue: Re: [CANSLIM] Intro: David Pinhasik Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE [CANSLIM] List technical question, ways to view messages [CANSLIM] Options Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE [CANSLIM] Fwd: nflx Re: [CANSLIM] List technical question, ways to view messages RE: [CANSLIM] IPO list service Re: [CANSLIM] Intro: David Pinhasik Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE ---------------------------------------------------------------------- Date: Thu, 21 Aug 2003 20:39:53 -0400 From: "Charles & Lois Layne" Subject: Re: [CANSLIM] Intro: David Pinhasik - ----- Original Message ----- From: "Dan Forant" To: Sent: Thursday, August 21, 2003 6:53 PM Subject: Re: [CANSLIM] Intro: David Pinhasik > What about options?? Buy an in the money call breakout time for a mere > fraction of what 100 shares would run,. > Options sound good, but they have an element that the stocks don't: expiration. A trader may have the right stock picked for the right direction, but run out of time with options for the right move to develop. Chuck Layne - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 21 Aug 2003 18:54:56 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE DMC, Thanks for the thorough analysis. A few questions. What is ATR? What it the significant of the moving average crossing? Why do you consider HITK a good short candidate but not OSTE? Is it because HITK has lower highs and lower lows, and you can guess it going down until the next support level? And for OSTE, with its constant downward trend, it is hard to tell when to short? tomas - --- DMC197807 wrote: > Despite the evident bull market, these two stocks > are content (or intent) on > playing out their destinies as foreshadowed by > volume studies (see below). > HITK has had its bounce up from 21.21 and found > resistance, plenty of it, > below that last high on the daily chart. So, we can > see, in about a month, > descending highs from 31.29, 28.24 and 27.44. > Likewise we can see > descending lows at 25.22, 23.40 and 21.12. Next > support is 20, volatility > in this name (ATR) is dropping as the stock forms a > familiar, small candle, > ratchet down pattern. IBD is still showing an A- > rating on this stock, but > I don't think that will save it. Moving averages > are converging, getting > ready for a nasty cross which should seal this > stock's short term fate. > Those looking for a short might consider shorting > this here at 25 and > covering it just before it contends with the $20 > level; or covering half and > waiting to see if it plunges through. > > On OSTE, last time we looked at it it was struggling > to hold above the $13 > line. Now it's struggling to holdt $12. The image > that comes to mind with > stocks in this situation is drowning. It still > looks like 11, 8 and 6.50 > for support on the way down, but I don't see the > space-time continuum > working out for shorting this one. > > Btw, someone on SI was nice enough 5 days ago to > mention SOI to me as sort > of a high risk, high reward play. Today it soared > over 310% at one point, > on apparent resolution of their survival issues. > Did I play it? No, I > looked it over and thought, with all its troubles, > it was a long shot. It > just turned out to be a long shot, however, that > paid off nicely. > > DMC > > ----- Original Message ----- > From: "DMC197807" > To: > Sent: Tuesday, August 12, 2003 8:33 AM > Subject: Re: [CANSLIM] HITK--Volume Studies-Part 8, > OSTE > > > > As part of the continuing monitoring, some might > be tempted by the little > > run up in HITK prices we've seen in HITK, from > 21.12 to 24.98. Don't be. > > It's doing this on sinking volume. Next step down > will most likely be a > > true test of 20 (for the rest of the chart see > earlier messages below). > > > > As for OSTE, a stock that was lamented as a big > breaker going down despite > > great fundies and great TA (from a black box, as I > recall), the stock is > now > > in a more sustainable downtrend, looking for > support at 11, 8 and about > 6.50 > > by my charts. Anyone tempted by the little uptick > today, the first one in > 6 > > days, had better be nimble. > > > > As important as it is to know when to buy and when > to sell, maybe the most > > important component (Cool Hand Luke's "sometime's > nuthin' is a real cool > > hand") is when to stand aside. > > > > DMC > > > > > > ----- Original Message ----- > > From: "DMC197807" > > To: > > Sent: Wednesday, August 06, 2003 10:39 AM > > Subject: Re: [CANSLIM] HITK--Volume Studies > > > > > > > Yien, > > > > > > I think you're correct. In hindsight it's too > easy to go back and mine > > some > > > indicators and say, "ah ha!" that was the > signal, but life ( and the > > > markets) are messier than that. > > > > > > Having said that, you can always be a little > nervous of a stock which > more > > > than triples in 4 months (15 to 49) and begin to > look for signs not to > > sell > > > but to tighten your stops. On this one, you > look at the 50 day and say > if > > > it breaks that, then I should go. Or you look > at the price action in > June > > > July where there are some consecutive doji days > and the Bollinger Bands > > are > > > tightening. > > > > > > Just focusing on volume, after the 49.90 high > day you had a selloff and > a > > > falloff in volume; some people can see that as > normal price/volume > action, > > > but given the chart, it definitely showed a > falloff in buying interest > in > > a > > > stock which in a few days soft off from 49.90 to > 36.07. What? No > > interest > > > at all at a 37% discount? Clearly a signal. > > > > > > The best key to finding a top might be the > topping pattern which was a > gap > > > and solitary black candle on the day it hit > 49.90. The market gapped it > > up > > > but there were no more buyers at higher prices > and the thing sold off in > > > mid-air. At that point, if one was long and > watching, it would have > been > > a > > > good idea to set a stop loss at minus 6%, or at > about $44-45, depending > on > > > when you made your analysis. For all stocks you > have to constantly ask > > > yourself, are there going to be more buyers up > higher, or have we made > the > > > top? > > > > > > Also, if you draw a big trendline on the stock, > connecting the bottoms > you > > > can see, even being generous, that any close > below 45 was signalling the > > end > > > game. > > > > > > But for all that, during the time in question I > was either visiting > young > > > relatives in the hospital or caring for an aging > relative at a nursing > > home > > > (and a few days later, a funeral home), so I > wasn't paying that much > > > attention at the time. > > > > > > DMC > > > > > > > > > ----- Original Message ----- > > > From: "Yien T Lung" > > > To: > > > Sent: Wednesday, August 06, 2003 10:13 AM > > > Subject: Re: [CANSLIM] HITK--Volume Studies > > > > > > > > > > DMC > > > > > > > > Concerning HITK, what were the technical > indicators that told you had > to > > > > get out of this stock ASAP? > > > > > > > > From my limited undertanding of TA (so bear > with me), HITK should have > > > > been sold on July 16 because: > > > > - Smashed through the 50MA support > > > > - Going down at above average volume > > > > - Closed near to the low of the day > > > > > > > > Were there other factors that justified > getting === message truncated === __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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: Thu, 21 Aug 2003 09:23:35 -0700 (PDT) From: Marc Deiter Subject: [CANSLIM] List technical question, ways to view messages Due to the recent number of virus attempts out there, the company I work for today issued a statement that 3rd party e-mail systems will not be allowed to be used while connected to the work network. I am not in the office all the time so the impact is limited for me, but for those days that I am in the office, is there another way to check the messages posted here (i.e. a website I can go to)? I currently use my Yahoo mail account for this list and I do not want to subscribe to receive the e-mails via my work e-mail account. Thanks, Marc - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 21 Aug 2003 19:04:45 -0700 From: "DMC197807" Subject: [CANSLIM] Options Dan, The one problem with options is it is very hard to limit yourself to an 8% loss, and the timeframe is a question. Just for example, let's assume you were fascinated with LF and decided to buy options. Would you buy Sept or Oct.?? If you were confident of the breakout you might choose Sept at the money calls, the 35s are on sale for 1.65 X 1.75. If it broke up to 40, they'd be worth $6 in a hurry. Nice. But if it dropped back down to 30 they'd be worth 15 cents. Maybe. Add in the expensive commissions and you can see where things go. You'd have to deal with these things in more of a "nominal amount" analysis to make any sense of it and just assume that $1.75 total loss is not 100% loss, but rather a 5% loss on the nominal $35 value of the stock. Since you are risking 1.75 to make $6, that's not a bad thing to do, and it takes a lot less capital. For me, I'd want to know much more about the likelihood / frequency of failed breakouts which would give you a better idea of whether or not expensive options are a viable way to play CANSLIM. As to buying cheap options, there's a lot of literature and learning on that subject which is more than this thread probably wants to delve into. Suffice it to say SFO magazine has a lot of good articles on the subject and there are a slew of options sites (cboe.com, optionvue, schaeffer's, etc.) DMC - ----- Original Message ----- From: "Dan Forant" To: Sent: Thursday, August 21, 2003 3:53 PM Subject: Re: [CANSLIM] Intro: David Pinhasik > What about options?? Buy an in the money call breakout time for a mere > fraction of what 100 shares would run,. > > DanF > > ----- Original Message ----- > From: "Ian" > To: > Sent: Thursday, August 21, 2003 2:32 PM > Subject: Re: [CANSLIM] Intro: David Pinhasik > > > > Hi David: > > > > I am the minority view, and some would say it is NOT CANSLIM at all, but > > with just $1000, I would consider some sub $5 nancaps with CANSLIM > > fundamentals, growth, low P/E, a strong outlook, and a strong chart. All > > these things are the same thing you look for in $15+ CANSLIM stocks, but > > they apply to the nanocaps as well. > > > > IMHO, your odds on the nanocaps are better (more winners, less reversals) > > because of the lower relative valuation, and the fact that 'value' > investors > > come in as well. But for most people, and almost all institutions, the > > absolute dollar value of potential gains is too small to consider them. > But > > with $1000, they are very attractive. > > > > Some recent examples - to see what kind of thing I am talking about, (not > > buy recommendations here, my strategy on these kind of things at this > point > > is to wait for a pullback to the 13-day ema): > > > > OMNI > > MILT > > HSR > > > > The important thing to note in the charts of all 3 is the 'relative' > > increase in volume in the last week or two. Even though the volume is > still > > very small, they have all seen a quantum jump in daily volume. > > > > The best place to find these, in my experience, is in the "earnings" > section > > of IBD. > > > > Cheers, > > > > Ian > > > > > > > > > > > > ----- Original Message ----- > > From: "The Pinhasiks" > > To: > > Sent: Thursday, August 21, 2003 8:26 AM > > Subject: [CANSLIM] Intro: David Pinhasik > > > > > > > Hi, > > > > > > I am a computer programmer working for IBM Global Services. Before the > > > market went South, I was active lurker (read Tom's posts very carefully) > > and > > > made 100% in 5 short weeks, and since then have been in cash most of > the > > > time except for a few dismal attempts to reenter the market, always > > followed > > > by a failure. Now, it seems like it may be the time to try again, albeit > > > carefully. My problem is that I have less than a $1,000 to play > > > with. Could anyone offer a way to screen CS stocks without paying a > > fortune? > > > I used to use Tom's Weekly Weeview as a starting point for my research, > > but > > > now I'm clueless. Any suggestions will be happily accepted. > > > > > > Thanks, > > > David > > > > > > > > > - > > > -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. ------------------------------ Date: Thu, 21 Aug 2003 20:02:37 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE Pleasd disregard the ATR question. I looked it up. :) - --- Tomas wrote: > DMC, > > Thanks for the thorough analysis. A few questions. > What is ATR? What it the significant of the moving > average crossing? > > Why do you consider HITK a good short candidate but > not OSTE? Is it because HITK has lower highs and > lower lows, and you can guess it going down until > the > next support level? And for OSTE, with its constant > downward trend, it is hard to tell when to short? > > tomas > > --- DMC197807 wrote: > > Despite the evident bull market, these two stocks > > are content (or intent) on > > playing out their destinies as foreshadowed by > > volume studies (see below). > > HITK has had its bounce up from 21.21 and found > > resistance, plenty of it, > > below that last high on the daily chart. So, we > can > > see, in about a month, > > descending highs from 31.29, 28.24 and 27.44. > > Likewise we can see > > descending lows at 25.22, 23.40 and 21.12. Next > > support is 20, volatility > > in this name (ATR) is dropping as the stock forms > a > > familiar, small candle, > > ratchet down pattern. IBD is still showing an A- > > rating on this stock, but > > I don't think that will save it. Moving averages > > are converging, getting > > ready for a nasty cross which should seal this > > stock's short term fate. > > Those looking for a short might consider shorting > > this here at 25 and > > covering it just before it contends with the $20 > > level; or covering half and > > waiting to see if it plunges through. > > > > On OSTE, last time we looked at it it was > struggling > > to hold above the $13 > > line. Now it's struggling to holdt $12. The > image > > that comes to mind with > > stocks in this situation is drowning. It still > > looks like 11, 8 and 6.50 > > for support on the way down, but I don't see the > > space-time continuum > > working out for shorting this one. > > > > Btw, someone on SI was nice enough 5 days ago to > > mention SOI to me as sort > > of a high risk, high reward play. Today it soared > > over 310% at one point, > > on apparent resolution of their survival issues. > > Did I play it? No, I > > looked it over and thought, with all its troubles, > > it was a long shot. It > > just turned out to be a long shot, however, that > > paid off nicely. > > > > DMC > > > > ----- Original Message ----- > > From: "DMC197807" > > To: > > Sent: Tuesday, August 12, 2003 8:33 AM > > Subject: Re: [CANSLIM] HITK--Volume Studies-Part > 8, > > OSTE > > > > > > > As part of the continuing monitoring, some might > > be tempted by the little > > > run up in HITK prices we've seen in HITK, from > > 21.12 to 24.98. Don't be. > > > It's doing this on sinking volume. Next step > down > > will most likely be a > > > true test of 20 (for the rest of the chart see > > earlier messages below). > > > > > > As for OSTE, a stock that was lamented as a big > > breaker going down despite > > > great fundies and great TA (from a black box, as > I > > recall), the stock is > > now > > > in a more sustainable downtrend, looking for > > support at 11, 8 and about > > 6.50 > > > by my charts. Anyone tempted by the little > uptick > > today, the first one in > > 6 > > > days, had better be nimble. > > > > > > As important as it is to know when to buy and > when > > to sell, maybe the most > > > important component (Cool Hand Luke's > "sometime's > > nuthin' is a real cool > > > hand") is when to stand aside. > > > > > > DMC > > > > > > > > > ----- Original Message ----- > > > From: "DMC197807" > > > To: > > > Sent: Wednesday, August 06, 2003 10:39 AM > > > Subject: Re: [CANSLIM] HITK--Volume Studies > > > > > > > > > > Yien, > > > > > > > > I think you're correct. In hindsight it's too > > easy to go back and mine > > > some > > > > indicators and say, "ah ha!" that was the > > signal, but life ( and the > > > > markets) are messier than that. > > > > > > > > Having said that, you can always be a little > > nervous of a stock which > > more > > > > than triples in 4 months (15 to 49) and begin > to > > look for signs not to > > > sell > > > > but to tighten your stops. On this one, you > > look at the 50 day and say > > if > > > > it breaks that, then I should go. Or you look > > at the price action in > > June > > > > July where there are some consecutive doji > days > > and the Bollinger Bands > > > are > > > > tightening. > > > > > > > > Just focusing on volume, after the 49.90 high > > day you had a selloff and > > a > > > > falloff in volume; some people can see that as > > normal price/volume > > action, > > > > but given the chart, it definitely showed a > > falloff in buying interest > > in > > > a > > > > stock which in a few days soft off from 49.90 > to > > 36.07. What? No > > > interest > > > > at all at a 37% discount? Clearly a signal. > > > > > > > > The best key to finding a top might be the > > topping pattern which was a > > gap > > > > and solitary black candle on the day it hit > > 49.90. The market gapped it > > > up > > > > but there were no more buyers at higher prices > > and the thing sold off in > > > > mid-air. At that point, if one was long and > > watching, it would have > > been > > > a > > > > good idea to set a stop loss at minus 6%, or > at > > about $44-45, depending > > on > > > > when you made your analysis. For all stocks > you > > have to constantly ask > > > > yourself, are there going to be more buyers up > > higher, or have we made > > the > > > > top? > > > > > > > > Also, if you draw a big trendline on the > stock, > > connecting the bottoms > > you > > > > can see, even being generous, that any close > > below 45 was signalling the > > > end > > > > game. > > > > > > > > But for all that, during the time in question > I > > was either visiting > === message truncated === __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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: Thu, 21 Aug 2003 20:12:54 -0700 From: "DMC197807" Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE Tomas, ATR is average true range, normally set as the 14 day average range that a stock trades through during a day. So if your stock opens at 12 and closes at 13 every day for 14 days your ATR is 1. If it opens at 12 and closes at 13 for 7 days and at 12.50 for 7 days your ATR is 0.75. It not only lets you look at what's a normal trading range for setting stops, it also acts as a proxy for individual stock volatility. If you want to buy a stock after a gap and crap, like HITK or OSTE, then you'll want to wait (generally) for the selling to stop and for the stock to regain its somewhat historic ATR. On OSTE, with the plunge it's ATR zooned up to above .90, but its historical ATR (from April, anyway) looks to have been about 0.25: http://stockcharts.com/def/servlet/SC.web?c=OSTE,uu[h,a]daclyiay[pc20!b50!f] [vc60][iut!Lc20!Lg!Lr14]&pref=G Picking a stock to short is trickier than picking a stock to go long, for some strange reason I haven't yet completely fathomed. On OSTE, let's say I'm looking at shorting 1,000 shares. Where do I enter, and where is it likely to stop? I can see previous resistance at 11. Let's say I short today at 11.75, and if I cover at 11.07, then I make $650 for all my risk after commissions. Hmmmm. Of course it might drop down to 8 pretty quick, that'd be nice, but I can't be sure. Now with HITK, if my premonition of the future is right, I short 1,000 shares of HITK here at 26 and I feel pretty good about it getting back down to 20, so that's $6,000 in the bank. I also think that since it bounced off 21.12 last time, maybe it bounces off 20 this time and maybe it bounces down through. If so, the next spot I see (on the weekly) is $12 or $13. Now that's $12K or $13K on the trade, so that's nice. In fact that's nicer. Yes, HITK costs more (about twice) but the reward, as I pre-imagine it, is maybe 10 times as much. - ----- Original Message ----- From: "Tomas" To: Sent: Thursday, August 21, 2003 6:54 PM Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE > DMC, > > Thanks for the thorough analysis. A few questions. > What is ATR? What it the significant of the moving > average crossing? > > Why do you consider HITK a good short candidate but > not OSTE? Is it because HITK has lower highs and > lower lows, and you can guess it going down until the > next support level? And for OSTE, with its constant > downward trend, it is hard to tell when to short? > > tomas - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 21 Aug 2003 20:41:59 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE DMC, I see. You are saying that HITK, base on the support/resistance lines, has a potential to go down further than OSTE. Just one point on your example. Since OTSE's price is about half of HITK, it would be a better comparison if you use 2000 share of OTSE vs 1000 share of HITK. Thanks, tomas - --- DMC197807 wrote: > Tomas, > > ATR is average true range, normally set as the 14 > day average range that a > stock trades through during a day. So if your stock > opens at 12 and closes > at 13 every day for 14 days your ATR is 1. If it > opens at 12 and closes at > 13 for 7 days and at 12.50 for 7 days your ATR is > 0.75. It not only lets > you look at what's a normal trading range for > setting stops, it also acts as > a proxy for individual stock volatility. If you > want to buy a stock after a > gap and crap, like HITK or OSTE, then you'll want to > wait (generally) for > the selling to stop and for the stock to regain its > somewhat historic ATR. > On OSTE, with the plunge it's ATR zooned up to above > .90, but its historical > ATR (from April, anyway) looks to have been about > 0.25: > > http://stockcharts.com/def/servlet/SC.web?c=OSTE,uu[h,a]daclyiay[pc20!b50!f] > [vc60][iut!Lc20!Lg!Lr14]&pref=G > > Picking a stock to short is trickier than picking a > stock to go long, for > some strange reason I haven't yet completely > fathomed. > > On OSTE, let's say I'm looking at shorting 1,000 > shares. Where do I enter, > and where is it likely to stop? I can see previous > resistance at 11. Let's > say I short today at 11.75, and if I cover at 11.07, > then I make $650 for > all my risk after commissions. Hmmmm. Of course it > might drop down to 8 > pretty quick, that'd be nice, but I can't be sure. > > Now with HITK, if my premonition of the future is > right, I short 1,000 > shares of HITK here at 26 and I feel pretty good > about it getting back down > to 20, so that's $6,000 in the bank. I also think > that since it bounced off > 21.12 last time, maybe it bounces off 20 this time > and maybe it bounces down > through. If so, the next spot I see (on the weekly) > is $12 or $13. Now > that's $12K or $13K on the trade, so that's nice. > In fact that's nicer. > Yes, HITK costs more (about twice) but the reward, > as I pre-imagine it, is > maybe 10 times as much. > > > ----- Original Message ----- > From: "Tomas" > To: > Sent: Thursday, August 21, 2003 6:54 PM > Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, > OSTE > > > > DMC, > > > > Thanks for the thorough analysis. A few > questions. > > What is ATR? What it the significant of the > moving > > average crossing? > > > > Why do you consider HITK a good short candidate > but > > not OSTE? Is it because HITK has lower highs and > > lower lows, and you can guess it going down until > the > > next support level? And for OSTE, with its > constant > > downward trend, it is hard to tell when to short? > > > > tomas > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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: Fri, 22 Aug 2003 12:45:26 +0900 From: Simon MacMahon Subject: [CANSLIM] Fwd: nflx > > > This is a stock I have on my radar despite it`s flaws; namely > negative earnings up until this last quarter and a negative ROE. On > the plus side it is the leader I think in a new retail industry(DVD > delivery service) and has stellar revenue growth over the past few > years. This quarter it posted it`s first postive quarter and appears > to have broken out of a shaky flat base yesterday(correct me if I`m > wrong). I am curious what other people feel about this stock, namely > how put off they are by the ROE and whether the breakout is a reliable > one considering the base. It is owned my 16.86 percent of mutual > funds which is a good number I understand. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 21 Aug 2003 22:16:30 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] List technical question, ways to view messages Marc, Use the web version of your mail. For instance: I see your return address is Yahoo.com. Doesn't Yahoo have a web based mail page? I use my Earthlink web mail at work for the same reason. I think most of the bigger ISP's offer a web page version of their mail service. - -- Bill - ----- Original Message ----- From: "Marc Deiter" To: Sent: Thursday, August 21, 2003 9:23 AM Subject: [CANSLIM] List technical question, ways to view messages > Due to the recent number of virus attempts out there, the company I > work for today issued a statement that 3rd party e-mail systems will > not be allowed to be used while connected to the work network. I am > not in the office all the time so the impact is limited for me, but > for those days that I am in the office, is there another way to check > the messages posted here (i.e. a website I can go to)? I currently > use my Yahoo mail account for this list and I do not want to > subscribe to receive the e-mails via my work e-mail account. > > Thanks, > Marc > > > > > - > -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: Thu, 21 Aug 2003 21:39:25 -0700 From: "Harold Josephson" Subject: RE: [CANSLIM] IPO list service I was looking for an easily compiled list of all IPO's over the past 8-years. I have since found a way to get close using TC2000 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 Kent Norman Sent: Thursday, August 21, 2003 7:12 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] IPO list service A few days ago someone had asked for a source of IPO announcements. I could not remeber my source, so I waited till the next one arrived. It is free. KNOW AN INVESTOR WHO WANTS "IPO Update"? Just tell them to visit http://communication.hoovers.com/cgi-bin13/DM/y/eRRA0LDzXC0Bk10CfJ0A1 Regards Kent Norman ===== An IDEA is a dangerous thing when it is the only one you have. __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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, 22 Aug 2003 06:52:59 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] Intro: David Pinhasik Yes, of course, their not cheap for nothing. One must be a wary savvy stock picker to invest with options. I do not make that claim but if one practices the CANSLIM approach to stock picks and buys the option at breakout in the money options work well. O'Neil is skeptical about options, but he prefers longer terms if one does venture. DanF - ----- Original Message ----- From: "Charles & Lois Layne" To: Sent: Thursday, August 21, 2003 8:39 PM Subject: Re: [CANSLIM] Intro: David Pinhasik > > ----- Original Message ----- > From: "Dan Forant" > To: > Sent: Thursday, August 21, 2003 6:53 PM > Subject: Re: [CANSLIM] Intro: David Pinhasik > > > > What about options?? Buy an in the money call breakout time for a mere > > fraction of what 100 shares would run,. > > > > Options sound good, but they have an element that the stocks don't: > expiration. A trader may have the right stock picked for the right > direction, but run out of time with options for the right move to develop. > > > Chuck Layne > > > > > - > -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, 22 Aug 2003 07:10:04 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE OSTE doesn't look like a good short candidate to me. This baby has had a severe and long correction. It could reverse anytime if only for a short time. Is could be worthwhile to check the option call and put prices before shorting. As in this case more believe it will turn then keep moving down. DanF - ----- Original Message ----- From: "Tomas" To: Sent: Thursday, August 21, 2003 9:54 PM Subject: Re: [CANSLIM] HITK--Volume Studies-Part 9, OSTE > DMC, > > Thanks for the thorough analysis. A few questions. > What is ATR? What it the significant of the moving > average crossing? > > Why do you consider HITK a good short candidate but > not OSTE? Is it because HITK has lower highs and > lower lows, and you can guess it going down until the > next support level? And for OSTE, with its constant > downward trend, it is hard to tell when to short? > > tomas > > --- DMC197807 wrote: > > Despite the evident bull market, these two stocks > > are content (or intent) on > > playing out their destinies as foreshadowed by > > volume studies (see below). > > HITK has had its bounce up from 21.21 and found > > resistance, plenty of it, > > below that last high on the daily chart. So, we can > > see, in about a month, > > descending highs from 31.29, 28.24 and 27.44. > > Likewise we can see > > descending lows at 25.22, 23.40 and 21.12. Next > > support is 20, volatility > > in this name (ATR) is dropping as the stock forms a > > familiar, small candle, > > ratchet down pattern. IBD is still showing an A- > > rating on this stock, but > > I don't think that will save it. Moving averages > > are converging, getting > > ready for a nasty cross which should seal this > > stock's short term fate. > > Those looking for a short might consider shorting > > this here at 25 and > > covering it just before it contends with the $20 > > level; or covering half and > > waiting to see if it plunges through. > > > > On OSTE, last time we looked at it it was struggling > > to hold above the $13 > > line. Now it's struggling to holdt $12. The image > > that comes to mind with > > stocks in this situation is drowning. It still > > looks like 11, 8 and 6.50 > > for support on the way down, but I don't see the > > space-time continuum > > working out for shorting this one. > > > > Btw, someone on SI was nice enough 5 days ago to > > mention SOI to me as sort > > of a high risk, high reward play. Today it soared > > over 310% at one point, > > on apparent resolution of their survival issues. > > Did I play it? No, I > > looked it over and thought, with all its troubles, > > it was a long shot. It > > just turned out to be a long shot, however, that > > paid off nicely. > > > > DMC > > > > ----- Original Message ----- > > From: "DMC197807" > > To: > > Sent: Tuesday, August 12, 2003 8:33 AM > > Subject: Re: [CANSLIM] HITK--Volume Studies-Part 8, > > OSTE > > > > > > > As part of the continuing monitoring, some might > > be tempted by the little > > > run up in HITK prices we've seen in HITK, from > > 21.12 to 24.98. Don't be. > > > It's doing this on sinking volume. Next step down > > will most likely be a > > > true test of 20 (for the rest of the chart see > > earlier messages below). > > > > > > As for OSTE, a stock that was lamented as a big > > breaker going down despite > > > great fundies and great TA (from a black box, as I > > recall), the stock is > > now > > > in a more sustainable downtrend, looking for > > support at 11, 8 and about > > 6.50 > > > by my charts. Anyone tempted by the little uptick > > today, the first one in > > 6 > > > days, had better be nimble. > > > > > > As important as it is to know when to buy and when > > to sell, maybe the most > > > important component (Cool Hand Luke's "sometime's > > nuthin' is a real cool > > > hand") is when to stand aside. > > > > > > DMC > > > > > > > > > ----- Original Message ----- > > > From: "DMC197807" > > > To: > > > Sent: Wednesday, August 06, 2003 10:39 AM > > > Subject: Re: [CANSLIM] HITK--Volume Studies > > > > > > > > > > Yien, > > > > > > > > I think you're correct. In hindsight it's too > > easy to go back and mine > > > some > > > > indicators and say, "ah ha!" that was the > > signal, but life ( and the > > > > markets) are messier than that. > > > > > > > > Having said that, you can always be a little > > nervous of a stock which > > more > > > > than triples in 4 months (15 to 49) and begin to > > look for signs not to > > > sell > > > > but to tighten your stops. On this one, you > > look at the 50 day and say > > if > > > > it breaks that, then I should go. Or you look > > at the price action in > > June > > > > July where there are some consecutive doji days > > and the Bollinger Bands > > > are > > > > tightening. > > > > > > > > Just focusing on volume, after the 49.90 high > > day you had a selloff and > > a > > > > falloff in volume; some people can see that as > > normal price/volume > > action, > > > > but given the chart, it definitely showed a > > falloff in buying interest > > in > > > a > > > > stock which in a few days soft off from 49.90 to > > 36.07. What? No > > > interest > > > > at all at a 37% discount? Clearly a signal. > > > > > > > > The best key to finding a top might be the > > topping pattern which was a > > gap > > > > and solitary black candle on the day it hit > > 49.90. The market gapped it > > > up > > > > but there were no more buyers at higher prices > > and the thing sold off in > > > > mid-air. At that point, if one was long and > > watching, it would have > > been > > > a > > > > good idea to set a stop loss at minus 6%, or at > > about $44-45, depending > > on > > > > when you made your analysis. For all stocks you > > have to constantly ask > > > > yourself, are there going to be more buyers up > > higher, or have we made > > the > > > > top? > > > > > > > > Also, if you draw a big trendline on the stock, > > connecting the bottoms > > you > > > > can see, even being generous, that any close > > below 45 was signalling the > > > end > > > > game. > > > > > > > > But for all that, during the time in question I > > was either visiting > > young > > > > relatives in the hospital or caring for an aging > > relative at a nursing > > > home > > > > (and a few days later, a funeral home), so I > > wasn't paying that much > > > > attention at the time. > > > > > > > > DMC > > > > > > > > > > > > ----- Original Message ----- > > > > From: "Yien T Lung" > > > > To: > > > > Sent: Wednesday, August 06, 2003 10:13 AM > > > > Subject: Re: [CANSLIM] HITK--Volume Studies > > > > > > > > > > > > > DMC > > > > > > > > > > Concerning HITK, what were the technical > > indicators that told you had > > to > > > > > get out of this stock ASAP? > > > > > > > > > > From my limited undertanding of TA (so bear > > with me), HITK should have > > > > > been sold on July 16 because: > > > > > - Smashed through the 50MA support > > > > > - Going down at above average volume > > > > > - Closed near to the low of the day > > > > > > > > > > Were there other factors that justified > > getting > === message truncated === > > > __________________________________ > Do you Yahoo!? > Yahoo! SiteBuilder - Free, easy-to-use web site design software > http://sitebuilder.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. ------------------------------ End of canslim-digest V2 #3553 ****************************** 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.