From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #433 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Thursday, November 5 1998 Volume 02 : Number 433 In this issue: Re: [CANSLIM] Educational thought for the day----INKT Re: [CANSLIM] Educational thought for the day [CANSLIM] INKT Re: [CANSLIM] RXSD [CANSLIM] internet related issues Re: [CANSLIM] INKT Re: [CANSLIM] internet related issues Re: [CANSLIM] internet related issues Re: [CANSLIM] RXSD [CANSLIM] Group and Stock Charts Re: [CANSLIM] RXSD [CANSLIM] RE: internet related issues Re: [CANSLIM] internet related issues Re: [CANSLIM] internet related issues [CANSLIM] Something to Think About [CANSLIM] OnLine Investor Re: [CANSLIM] internet related issues [CANSLIM] Group Strength Update Re: [CANSLIM] misplaced option trade need advice [CANSLIM] AGPH Re: [CANSLIM] RXSD Re: [CANSLIM] RXSD ---------------------------------------------------------------------- Date: Thu, 05 Nov 1998 14:36:23 -0500 From: David Squires Subject: Re: [CANSLIM] Educational thought for the day----INKT Hi All, Speaking of the internet stocks, one stock I don't think has been mentioned is INKT. This stock had a beautiful breakout a few days before its earnings report and then got ripped apart by day traders and some technical damage was done. INKT has been extremely volatile but lately it is tightened up a bit. It has been slamming up against resistance in the 85-86 area for a few days. It usually sells off in the morning and rallies in the afternoon, often a sign of institutional buying. Another bullish development was the price action during the secondary offering announcement. On Tuesday, the company annoyed they would offer 3 million new shares (2.7 million from officers) but the stock held its own. If the stock can get through the resistance on at least 800,000 shares it will probably run like other internet stocks. Currently, it could go either way and is a high risk situation so do your homework. BTW, I have a position in this stock. Good Trading, DCSquires Harlan wrote: > According to the model book study of the biggest winners in the last 45 > yrs. Every new bull market cycle > (10-30-98 email) has a Theme if you will, 1991's bigest movers were all > part of a particular group > (medical,bio,gaming) 1995's biggest movers (oil, semi-conductor's) were > all part of a particular group too. 1991 > and 1995 were the 1st yrs of a new bull market cycle If you were to > apply that to todays market that would > definatly smell like INTERNET RELATED are going to be this next upcycles > main leadership! Makes a lot of > sense too partly because when the masses look at them it scares the crap > out of them. The street makes every > reason possible about how over valued they are etc. But like all > upcycles leadership those stocks just dont > care! They trade to the beat of theyre own drum! Definatly an industry > to keep an eye on! > > http://www.execpc.com/joelrb/mktcom > > - - - ------------------------------ Date: Thu, 5 Nov 1998 11:41:42 -0800 (PST) From: Anindo Majumdar Subject: Re: [CANSLIM] Educational thought for the day I agree. Look at YHOO's price action during the bear market. Anindo > > According to the model book study of the biggest winners in the last 45 > yrs. Every new bull market cycle > (10-30-98 email) has a Theme if you will, 1991's bigest movers were all > part of a particular group > (medical,bio,gaming) 1995's biggest movers (oil, semi-conductor's) were > all part of a particular group too. 1991 > and 1995 were the 1st yrs of a new bull market cycle If you were to > apply that to todays market that would > definatly smell like INTERNET RELATED are going to be this next upcycles > main leadership! Makes a lot of > sense too partly because when the masses look at them it scares the crap > out of them. The street makes every > reason possible about how over valued they are etc. But like all > upcycles leadership those stocks just dont > care! They trade to the beat of theyre own drum! Definatly an industry > to keep an eye on! > > http://www.execpc.com/joelrb/mktcom > > - > > - - ------------------------------ Date: Thu, 05 Nov 1998 14:13:07 -0800 From: Harlan Subject: [CANSLIM] INKT I whole heartedly agree with your thoughts!!!!!!!!!!! I too hold a position. Look at CMGI if this issue isnt tryng to for a cup I dont know what one is. It also looks like SEEK,MSPG are where CMGI was before it crossed over. It looks like theyre trying anyway. One interesting thing about mkt leaders is that everbody always says "Oh I'll buy em when they pull back" Well you know what ? Its been my experience that more times than not they really never pullback, Usually they do a lot of interday pullbacks just like is mentioned in Squires post on INKT. Another thing you all may want to take note of is that in uptrending markets its not uncommon to have the mkts open down only to finish the day up. And in downtrending Mkts for the mkts to start the day up only to fade. Just a rule of thumb and not cast in stone. Why? because the little guy locks his gains at the open in uptrending mkts-spooked cause it opens down and when the mkts open up in downtrending markets he thinks he's smarter than the mkt is and is able to pin a turn/bottom. In essence the whole thing wrong with that is HE THOUGHT. Harlan - - ------------------------------ Date: Thu, 5 Nov 1998 15:21:23 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] RXSD They were downgraded by Raymond James & Assoc. I wonder who dumped those 2Mil share... :) - -----Original Message----- From: Thomas A. Moulton To: canslim@lists.xmission.com Date: Thursday, November 05, 1998 1:58 PM Subject: Re: [CANSLIM] RXSD >Thanks for your comments. > >I'm still looking at it and may let it go. > >(My situation is that I am testing these things on paper with a game >that uses closing prices, but I am treating it seriously to help learn >good trading habits that i should be able to practice when there is >real cash on the line...) > > >- > - - ------------------------------ Date: Thu, 05 Nov 1998 14:27:20 -0800 From: Harlan Subject: [CANSLIM] internet related issues Heres just some names that come to mind in no particular order mind you YHOO AOL BRCM MSPG PSIX SEEK NSOL AMZN ATHM EBAY TWX GMSTF GILTF ELNK MSFT LCOS CNCX Index's IIX INX GIN Frank W. you do a lot of group work have you got a list floating around? Harlan - - ------------------------------ Date: Thu, 5 Nov 1998 12:27:46 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] INKT <> It's still important, though, to know exactly where support and resistance are or are likely to be. Otherwise, you wind up, as Ian Woodward puts it, trying to climb a greasy flagpole. For example, in another group last week I advised someone who wanted to buy CMGI to wait until it broke out of the rectangular base it was in because it might just as well retest its lows. He did wait, bought at the breakout yesterday and got the nine points (he'd bought in the middle of the base once before and the stock dropped back to support on him). There a number of constructive patterns in this group because of the sell-off, but there are also a number of very risky ones. The rules of buying off constructive patterns still apply, unless one wants to daytrade. One way of solving the Will It Pull Back Or Not problem is to buy half at the breakout and wait to see if the stock is faded. If it is, buy the other half when it returns to support. If it isn't, buy the other half at 5%. Even if you don't get a chance to buy the other half, at least you're in, and you can always pick up more at the next rest stop. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 5 Nov 1998 12:36:54 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] internet related issues Here's a copy of that newsletter I mentioned to you, from a few days ago. If anyone is interested, it's the Internet Stock Report, available from http://www.internetnews.com/stocks/. The author was recently mentioned in a CBSMarketWatch article about top analysts, in this case the internet. - --Db Top 10 WatchList 1998, Update Let's take a look at our latest thinking for this group: @Home (NASDAQ:ATHM), the pioneer in cable Internet services. Deals with all the leading cable operators through an early smart alliance and investment from TCI, nation's largest cable operator (and John Malone's Hi-Ho Silver horse). Malone was the interactive TV cowboy who got thrown from his horse in 1995, when that paradigm shift never happened. Internet did. Through @Home, TCI gets to get back on the horse and can try again. @Home passes more than 10 million homes although we are a bit worried only a few hundred thousand have signed up. Over time, if cable Internet takes off, AOL is now waking up to the fact that @Home could make business very difficult for AOL and any Internet content firm or service as @Home could charge toll fees to be carried on its service (the cable model). The big picture: AT&T has agreed to acquire TCI, which puts TCI's stake in @Home in the hands of AT&T. Under terms of the merger approval by the government, AOL and others have asked the FCC to consider requiring @Home to open the cable lines to others. AT&T says a deal can be made among industry, the FCC doesn't need to dabble here. Either way, we think @Home is wired into the center of cable Internet. Its real challenge may be to convince consumers that it's not as anathema to consumers as the cable firms have been for 25 years, with the poor customer service cable companies have offered all these years. Concentric Network (NASDAQ:CNCX). Our view hasn't changed in that corporations want to leverage the Internet infrastructure with the security aspects of a private network. Concentric, an ISP, offers "virtual private networks" to companies. This is one reason we put it on the watchlist last December 31, 1997. Concentric's focus on Web hosting and other corporate value-added services also gets our attention. November 2, it launched The Web Developer Network, adding to its hosting offerings. Earthlink (NASDAQ:ELNK) tops our list of consumer-oriented ISPs to watch as we outlined 12/31/97. The Sprint investment earlier this year included Sprint feeding Earthlink new subs every year, and Earthlink's more than 600-person customer support team, has put ELNK on the radar. But lately we've heard some complaints that certain POPs (points of presence) are busy when consumers try to dial up. This is the same problem that happened with AOL. Maybe it's time to up the user-to-modem port ratio or see why there are busy signals at times. Nothing like a busy signal to change the winds as AOL found out, but it has recovered and moved on. Earthlink is much smaller in user base, about 1 million to AOL's 13 million. That said, a busy signal is a busy signal and should never happen. How would you react if you tried to turn on the TV and a message said: too many people are watching, try again? Infoseek (NASDAQ:SEEK) gets closer to revealing what it and the Mouseketeers at Disney (NYSE:DIS) have been up to pending Disney's $430 million offer for 43% of SEEK. Go.com is the name and it awaits the green light later this year. At the time we put SEEK on our watchlist last December, our reasoning was relative valuation to the search peer group. SEEK flirted with north of $45 just before Disney's offer was announced. Network Solutions (NASDAQ:NSOL) keeps getting the naysayers believing that impending competition will change its outlook. We still think that Network Solutions as default registrar with a service in place holds an edge. It also just announced a Japanese service. Being first and capitalized matters on the Internet. These are two things Network Solution has in our opinion. ONSALE (NASDAQ:ONSL), until eBay came along we thought ONSALE had the best commerce model on the Web. It still has a good one in our view and nothing explains the gap between it and eBay's valuation except eBay's cleaner commerce model: never takes possession of goods, only facilitate the sale. RealNetworks (NASDAQ:RNWK) first landed on the list in December, based on what I saw as a growing demand for audio and some video on the Web and its leadership status. We believe the recent spate of deals to secure distribution through AOL, Netscape and Lotus give it a stronger hand in the battle with Microsoft for media streaming software. Sportsline USA (NASDAQ:SPLN) had the Olympics and CBS network reach to raise its profile, which was the event we foresaw 11 months ago before SPLN zoomed and then softened. We think Sportsline has lately undersold its lineup of sports stars whose Web sites are on Sportsline.com. And CBS without an Olympics has proven of little value lately in our opinion. On the up side, we think CBS Sports and the NFL could boost Sportsline's profile again. USWeb (NASDAQ:USWB), first hit the watchlist 12/31/97, on our view that companies would want to outsource much of the Internet process. Now with the pending merger with marketing group CKS (NASDAQ:CKSG), we think USWeb could come out a stronger firm once the two cultures get to know each other. As 1998 draws to a close, we've kept the top 10 watchlist the same. It's been quite a ride so far and we'll see where the group ends this year before posting our top 10 to watch for 1999. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 5 Nov 1998 12:47:50 -0800 From: "William A Rhodes" Subject: Re: [CANSLIM] internet related issues Harlan, Have you tried the following site, the internet stock report. http://www.internetnews.com/stocks/ William - -----Original Message----- From: Harlan To: canslim@xmission.com Date: Thursday, November 05, 1998 12:25 PM Subject: [CANSLIM] internet related issues >Heres just some names that come to mind in no particular order mind you > >YHOO >AOL >BRCM >MSPG >PSIX >SEEK >NSOL >AMZN >ATHM >EBAY >TWX >GMSTF >GILTF >ELNK >MSFT >LCOS >CNCX > >Index's > >IIX >INX >GIN > >Frank W. you do a lot of group work have you got a list floating around? > >Harlan > >- > - - ------------------------------ Date: Thu, 05 Nov 1998 13:35:12 -0800 From: Tim Fisher Subject: Re: [CANSLIM] RXSD The fundies on RXSD continue to make my scan but I am very dissapointed with it's series of lower lows and higher highs. This is a horrible chart to go long with - huge amounts of risk. I got out after the bad news which started off the plunge from the 40s, had made about 50% until then. All the news I have seen on it until this week has been neutral to mildly negative, and there's definitely no N associated with it. I would use a 7-8% stop on this, even tighter considering the recent trend. On 09:37 AM 11/5/98 , Thomas A. Moulton Said: >anyone else watching RXSD? > >I had opened a position on Oct 9 500@ 17 1/8 because it looked >like a strong stock (good earnings, etc) and with the news of a >new marketing agreement the stock shot up to close at 22 yesterday. > >today it opened down a little and then 2mil shares traded (almost looks >like a single source) in a short period... the avg vol is abt 1 mil >and right now the vol is up to 6mil. > >the kicker... no news (other than the volume signals...) > >the price is showing support today at or slightly above my entry price >and I am tempted to hold on. > >The Stochastic had hit Overbought, Fast MACD above Slow crossing 0 > >any thoughts? > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites - - ------------------------------ Date: Thu, 5 Nov 1998 15:44:20 -0600 (CST) From: mckeener@ix.netcom.com Subject: [CANSLIM] Group and Stock Charts Thanks, Db, for a fabulous website. It's creative, informative and easy to follow. One of my favorites. Mary - - ------------------------------ Date: Thu, 05 Nov 1998 13:55:37 -0800 From: Tim Fisher Subject: Re: [CANSLIM] RXSD What the heck did I say? Obviously meant lower highs there... On 01:35 PM 11/5/98 , Tim Fisher Said: >The fundies on RXSD continue to make my scan but I am very dissapointed with >it's series of lower lows and higher highs. This is a horrible chart to go long >with - huge amounts of risk. I got out after the bad news which started off the >plunge from the 40s, had made about 50% until then. All the news I have seen on >it until this week has been neutral to mildly negative, and there's definitely >no N associated with it. I would use a 7-8% stop on this, even tighter >considering the recent trend. > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 05 Nov 1998 17:23:05 -0500 From: David Squires Subject: [CANSLIM] RE: internet related issues Hi All, I have been thinking about this AOL vs. ATHM thing a lot since my cable operator started rolling out the @Home service around here. In short......I CAN'T WAIT TO GET IT!!! I think I am like many "web junkies" that want fast service but I also think this has mass appeal in our "I want it now" society. This brings up three questions: 1) Does @home represent a huge threat to the current internet leaders like MSPG, ELNK, and AOL? I think is does but I am really not informed enough to know for sure and AOL has crushed other commetitors easily. However, I know YHOO and other major portals will likely benfit form faster internet access so there stature as leaders are not in doubt but brighter, IMHO. Either way, I am waiting for a huge breakout in ATHM and believe it will become a major leader in the future.I saw an infomercail they are running and it is very sharp indeed. BTW, I am not suggsting anyone buy this stock unless the chart says to. It is a very speculative stock currently. 2) The picks and axes question. What companies are making cable modems\equipment that aren't part of a large company like COMS or Rockwell? What companies have technologies involved in the cable model buildout? I don't have the answer for these questions but I am hoping the new highs list will clue me in. I do know of two companies that might bear watching. BRCM....this one is obvious....Coms 21 (CMTO), which makes cable modems and infastrucer. 3) One last question. Who benifits from faster access? This one I do have the asnwer to......companeis that provide services that require lots of bandwidth or depend on increaded web traffic. RNWK, BCST and BVSN, ITVU, and FVCX come to mind. Obviously the market will separate the men from the boys here. It also seems like e-commece stocks(AMZN, CDNW et al.) and advertising stocks (DCLK, NETG et al.) will benfit. I would appriecate any comments from members that might have insights on this topic. Thanks. Good Trading, DCSquires >>@Home (NASDAQ:ATHM), the pioneer in cable Internet services. Deals with all the leading cable operators through an early smart alliance and investment from TCI, nation's largest cable operator (and John Malone's Hi-Ho Silver horse). Malone was the interactive TV cowboy who got thrown from his horse in 1995, when that paradigm shift never happened. Internet did. Through @Home, TCI gets to get back on the horse and can try again. @Home passes more than 10 million homes although we are a bit worried only a few hundred thousand have signed up. Over time, if cable Internet takes off, AOL is now waking up to the fact that @Home could make business very difficult for AOL and any Internet content firm or service as @Home could charge toll fees to be carried on its service (the cable model). The big picture: AT&T has agreed to acquire TCI, which puts TCI's stake in @Home in the hands of AT&T. Under terms of the merger approval by the government, AOL and others have asked the FCC to consider requiring @Home to open the cable lines to others. AT&T says a deal can be made among industry, the FCC doesn't need to dabble here. Either way, we think @Home is wired into the center of cable Internet. Its real challenge may be to convince consumers that it's not as anathema to consumers as the cable firms have been for 25 years, with the poor customer service cable companies have offered all these years.<< - - ------------------------------ Date: Thu, 05 Nov 1998 16:57:47 -0500 From: David Squires Subject: Re: [CANSLIM] internet related issues Hi All, I have been thinking about this AOL vs. ATHM thing a lot since my cable operator started rolling out the @Home service around here. In short......I CAN'T WAIT TO GET IT!!! I think I am like many "web junkies" that want fast service but I also think this has mass appeal in our "I want it now" society. This brings up three questions: 1) Does @home represent a huge threat to the current internet leaders like MSPG, ELNK, and AOL? I think is does but I am really not informed enough to know for sure and AOL has crushed other commetitors easily. However, I know YHOO and other major portals will likely benfit form faster internet access so there stature as leaders are not in doubt but brighter, IMHO. Either way, I am waiting for a huge breakout in ATHM and believe it will become a major leader in the future.I saw an infomercail they are running and it is very sharp indeed. BTW, I am not suggsting anyone buy this stock unless the chart says to. It is a very speculative stock currently. 2) The picks and axes question. What companies are making cable modems\equipment that aren't part of a large company like COMS or Rockwell? What companies have technologies involved in the cable model buildout? I don't have the answer for these questions but I am hoping the new highs list will clue me in. I do know of two companies that might bear watching. BRCM....this one is obvious....Coms 21 (CMTO), which makes cable modems and infastrucer. 3) One last question. Who benifits from faster access? This one I do have the asnwer to......companeis that provide services that require lots of bandwidth or depend on increaded web traffic. RNWK, BCST and BVSN, ITVU, and FVCX come to mind. Obviously the market will separate the men from the boys here. It also seems like e-commece stocks(AMZN, CDNW et al.) and advertising stocks (DCLK, NETG et al.) will benfit. I would appriecate any comments from members that might have insights on this topic. Thanks. Good Trading, DCSquires >>@Home (NASDAQ:ATHM), the pioneer in cable Internet services. Deals with all the leading cable operators through an early smart alliance and investment from TCI, nation's largest cable operator (and John Malone's Hi-Ho Silver horse). Malone was the interactive TV cowboy who got thrown from his horse in 1995, when that paradigm shift never happened. Internet did. Through @Home, TCI gets to get back on the horse and can try again. @Home passes more than 10 million homes although we are a bit worried only a few hundred thousand have signed up. Over time, if cable Internet takes off, AOL is now waking up to the fact that @Home could make business very difficult for AOL and any Internet content firm or service as @Home could charge toll fees to be carried on its service (the cable model). The big picture: AT&T has agreed to acquire TCI, which puts TCI's stake in @Home in the hands of AT&T. Under terms of the merger approval by the government, AOL and others have asked the FCC to consider requiring @Home to open the cable lines to others. AT&T says a deal can be made among industry, the FCC doesn't need to dabble here. Either way, we think @Home is wired into the center of cable Internet. Its real challenge may be to convince consumers that it's not as anathema to consumers as the cable firms have been for 25 years, with the poor customer service cable companies have offered all these years.<< > Here's a copy of that newsletter I mentioned to you, from a few days > ago. If anyone is interested, it's the Internet Stock Report, > available from http://www.internetnews.com/stocks/. The author was > recently mentioned in a CBSMarketWatch article about top analysts, in > this case the internet. > > --Db > > Top 10 WatchList 1998, Update > > Let's take a look at our latest thinking for this group: > > @Home (NASDAQ:ATHM), the pioneer in cable Internet services. Deals > with all the leading cable operators through an early smart alliance > and investment from TCI, nation's largest cable operator (and John > Malone's Hi-Ho Silver horse). Malone was the interactive TV cowboy > who got thrown from his horse in 1995, when that paradigm shift > never happened. Internet did. Through @Home, TCI gets to get back on > the horse and can try again. > > @Home passes more than 10 million homes although we are a bit > worried only a few hundred thousand have signed up. Over time, if > cable Internet takes off, AOL is now waking up to the fact that > @Home could make business very difficult for AOL and any Internet > content firm or service as @Home could charge toll fees to be > carried on its service (the cable model). > > The big picture: AT&T has agreed to acquire TCI, which puts TCI's > stake in @Home in the hands of AT&T. Under terms of the merger > approval by the government, AOL and others have asked the FCC to > consider requiring @Home to open the cable lines to others. AT&T > says a deal can be made among industry, the FCC doesn't need to > dabble here. > > Either way, we think @Home is wired into the center of cable > Internet. Its real challenge may be to convince consumers that it's > not as anathema to consumers as the cable firms have been for > 25 years, with the poor customer service cable companies have > offered all these years. > > Concentric Network (NASDAQ:CNCX). Our view hasn't changed in that > corporations want to leverage the Internet infrastructure with the > security aspects of a private network. Concentric, an ISP, offers > "virtual private networks" to companies. This is one reason we put > it on the watchlist last December 31, 1997. Concentric's focus on > Web hosting and other corporate value-added services also gets our > attention. November 2, it launched The Web Developer Network, adding > to its hosting offerings. > > Earthlink (NASDAQ:ELNK) tops our list of consumer-oriented ISPs to > watch as we outlined 12/31/97. The Sprint investment earlier this > year included Sprint feeding Earthlink new subs every year, and > Earthlink's more than 600-person customer support team, has put ELNK > on the radar. But lately we've heard some complaints that certain > POPs (points of presence) are busy when consumers try to dial up. > This is the same problem that happened with AOL. > > Maybe it's time to up the user-to-modem port ratio or see why there > are busy signals at times. Nothing like a busy signal to change the > winds as AOL found out, but it has recovered and moved on. Earthlink > is much smaller in user base, about 1 million to AOL's 13 million. > That said, a busy signal is a busy signal and should never happen. > How would you react if you tried to turn on the TV and a message > said: too many people are watching, try again? > > Infoseek (NASDAQ:SEEK) gets closer to revealing what it and the > Mouseketeers at Disney (NYSE:DIS) have been up to pending Disney's > $430 million offer for 43% of SEEK. Go.com is the name and it awaits > the green light later this year. At the time we put SEEK on our > watchlist last December, our reasoning was relative valuation to the > search peer group. SEEK flirted with north of $45 just before > Disney's offer was announced. > > Network Solutions (NASDAQ:NSOL) keeps getting the naysayers > believing that impending competition will change its outlook. We > still think that Network Solutions as default registrar with a > service in place holds an edge. It also just announced a Japanese > service. Being first and capitalized matters on the Internet. These > are two things Network Solution has in our opinion. > > ONSALE (NASDAQ:ONSL), until eBay came along we thought ONSALE had > the best commerce model on the Web. It still has a good one in our > view and nothing explains the gap between it and eBay's valuation > except eBay's cleaner commerce model: never takes possession of > goods, only facilitate the sale. > > RealNetworks (NASDAQ:RNWK) first landed on the list in December, > based on what I saw as a growing demand for audio and some video on > the Web and its leadership status. We believe the recent spate of > deals to secure distribution through AOL, Netscape and Lotus give it > a stronger hand in the battle with Microsoft for media streaming > software. > > Sportsline USA (NASDAQ:SPLN) had the Olympics and CBS network reach > to raise its profile, which was the event we foresaw 11 months ago > before SPLN zoomed and then softened. We think Sportsline has lately > undersold its lineup of sports stars whose Web sites are on > Sportsline.com. And CBS without an Olympics has proven of little > value lately in our opinion. On the up side, we think CBS Sports and > the NFL could boost Sportsline's profile again. > > USWeb (NASDAQ:USWB), first hit the watchlist 12/31/97, on our view > that companies would want to outsource much of the Internet process. > Now with the pending merger with marketing group CKS (NASDAQ:CKSG), > we think USWeb could come out a stronger firm once the two cultures > get to know each other. > > As 1998 draws to a close, we've kept the top 10 watchlist the same. > It's been quite a ride so far and we'll see where the group ends > this year before posting our top 10 to watch for 1999. > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Thu, 05 Nov 1998 17:52:40 -0800 From: David Reid Subject: Re: [CANSLIM] internet related issues you might want to add NSCP to the list Harlan wrote: > Heres just some names that come to mind in no particular order mind you > > YHOO > AOL > BRCM > MSPG > PSIX > SEEK > NSOL > AMZN > ATHM > EBAY > TWX > GMSTF > GILTF > ELNK > MSFT > LCOS > CNCX > > Index's > > IIX > INX > GIN > > Frank W. you do a lot of group work have you got a list floating around? > > Harlan > > - - - ------------------------------ Date: Thu, 5 Nov 1998 15:15:04 -0800 (PST) From: dbphoenix Subject: [CANSLIM] Something to Think About From Briefing.com: Then came a speech from Alan Greenspan around mid-day in which the Fed Chairman said he saw significant signs of some reversal in risk aversion and that there was a good possibility that liquidity spreads and yield premia will return to normal... These observations made all the difference, and the equity market quickly regained its bullish form with the Dow gaining approximately 160 points after Greenspan's comments, finishing at its highs of the day, and eclipsing the 8900 mark... While we were predisposed to believe the market would selloff at the thought of no rate cut, the resurgence of stocks suggests that the equity market may be in a win-win situation... Win if rates are cut or win if rates remain the same as the latter would suggest the Fed is comfortable that a recession in the U.S. will be averted and global economies will rebound... This view was the catalyst for today's rally which explains the divergence between stocks and bonds. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 5 Nov 1998 18:08:54 -0800 (PST) From: dbphoenix Subject: [CANSLIM] OnLine Investor OLI has revamped its Company Spotlight page and archive. Much easier to use: http://www.investhelp.com/company_spotlight.shtml - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 05 Nov 1998 21:35:49 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] internet related issues At 14:27 11/5/98 -0800, you wrote: >Heres just some names that come to mind in no particular order mind you > > >Frank W. you do a lot of group work have you got a list floating around? > >Harlan > I use the Yahoo Isdex for adding stocks to my groups in the Internet arena. http://fnews.yahoo.com/isdex/isdex.html I actually keep a separate surrogate in AIQ outside my IBD groups for the Internet stocks. You can subscribe to the ISR daily report also and it is emailed to you. A must if you are serious about the group. To SUBSCRIBE to ISR: 1. mailto:listserv@listserv.internet.com 2. Put "SUBSCRIBE ISR " in the FIRST LINE of the message BODY - -OR- Point your web browser to: http://www.internetnews.com/stocks/joinisr.html and fill out the online form. The only really decent charts in my group are: (based solely on price to moving average performance, Relative strength, and OBV). Fundamentals are for you to decide the importance of. AMZN - loose and wide, but positive. AOL - got a bit weak in Oct, but building it back up. ATHM - Loose and wide, but trending slowly up. ELNK - strong positive trending RS. PSIX - a bit loose and wide, but not too bad. NSOL - too far extended! (so buy it?) but what a ride. RS improving. SCUR - improving RS, was loose and wide. SEEK - was loose and wide, but improving somewhat. SPYG - nice stair steps in RS, not extended, good uptrend in OBV. USWB - looks to be recovering a bit from a downtrend. VRSN - strengthening after a downtrend also. YHOO - Vertical, tight, looks "Go for throttle up". The rest in my group have poor or downtrending relative strengths. My motto, "RS down, don't stick around." Period. I've been puzzling over this group. It was #1 for so long. It's worse ranking from 2/08 through 9/14 was #5. Really rare. Oils, semi's didn't run that long at all. It weakened to #18 on 10/19 and has regained to #6. Some of the stocks in the earlier run ups are taking a big breather here and some don't look like they are going to participate this run. Weakening still. MSPG, XCIT, PSIX. Lots of overhead resistance. This run will probably be narrower and brief in comparison. Perhaps the loosers in the battle for "site hits" are being decided and culled. I would be careful and quick to set stops and stick to good money management practices. Good luck, Frank Wolynski - - ------------------------------ Date: Thu, 5 Nov 1998 21:18:33 -0800 (PST) From: dbphoenix Subject: [CANSLIM] Group Strength Update In case anybody's planning to enter a position in either Retail-Apparel or Telecom Equip on Friday, they both are within 15% of new highs as of today. I've only begun the fundie work on the following, but they look to be possibles: Retail: ANF, BKE, GPS, IBI, ROST Telecom: GILTF, LU, NOKA, PLT (mentioned by someone earlier), SUT - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 6 Nov 1998 00:10:34 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] misplaced option trade need advice That's not actually up to the house, it's an SEC rule on freeriding established by the Federal Reserve. Tom W - -----Original Message----- From: Thomas A. Moulton To: canslim@lists.xmission.com Date: Thursday, November 05, 1998 11:38 AM Subject: Re: [CANSLIM] misplaced option trade need advice >It may not matter. Nail down your broker's policy. I was in a If you buy and sell the money to but Must be in the account on the settlement date. If you bought something for $100 and in an hour sold it for $1000 you still would need the $100 in the account at settlement. tom - - - - ------------------------------ Date: Thu, 5 Nov 1998 22:27:34 -0800 From: "Patrick Wahl" Subject: [CANSLIM] AGPH You guys might want to check into Agouron Pharm. (AGPH). It has formed a nice C&H type thing, and I would say today was a breakout except there was no volume. Maybe worth watching for follow through tomorrow. They make a drug used in AIDS treatment, just had it approved withing last 12 months I believe, so earnings are still picking up steam. - - ------------------------------ Date: Thu, 5 Nov 1998 22:27:34 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] RXSD > anyone else watching RXSD? > > I had opened a position on Oct 9 500@ 17 1/8 because it looked > like a strong stock (good earnings, etc) and with the news of a > new marketing agreement the stock shot up to close at 22 yesterday. > My thought is you should dump it, I don't think you should have bought it. I have been watching it for months. You bought when it was under a 50 moving average that was sloping down, and still making lower lows and lower highs, not a good technical picture to be buying into. If you look back a bit, you can see it formed a C&H in the summer, forming the right handle in July, and then tanking, a good example of the reason its best not to anticipate breakouts, since that one never occurred. - - ------------------------------ Date: Fri, 6 Nov 1998 00:24:29 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] RXSD To Tom from a fellow Tom You don't mention what your actual criteria was for considering RXSD, but I assume it was not CANSLIM. I had not looked at the chart in a long time on this one, but had to turn away when I did so tonight. Back off and look at the overall pattern, it has been in a down trend long before the market ran into the bear. At the time you bot it, the RS had to be in the teens, now with today's selloff the RS is 7. Forget the rest of CANSLIM, or any reasons why it has been doing so badly, the RS alone tells you it's out of favor as an investment. Now, from a technical standpoint, with the mkt continuing to recover, a lot of investors including institutional money managers are looking around for big cap names that have not yet bounced back, thus a quick play in a solid but oversold stock can make you some bucks. But it's high risk, and likely good only for a trading play, not an investment. Today's volume and price drop magnitude strongly suggest, however, institutional grade fire sale dumping. "get me out at any price" kinda behaviour. Thus it's possible it may come back a few points in a few days, but I wouldn't expect institutional interest to return in the short term. And if it doesn't bounce right back, I would move on. Tom W - -----Original Message----- From: Thomas A. Moulton To: canslim@lists.xmission.com Date: Thursday, November 05, 1998 1:58 PM Subject: Re: [CANSLIM] RXSD Thanks for your comments. I'm still looking at it and may let it go. (My situation is that I am testing these things on paper with a game that uses closing prices, but I am treating it seriously to help learn good trading habits that i should be able to practice when there is real cash on the line...) - - - - ------------------------------ End of canslim-digest V2 #433 ***************************** 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.