From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #453 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 Tuesday, November 24 1998 Volume 02 : Number 453 In this issue: [CANSLIM] 'M' [CANSLIM] NonCanslim - Request for Barrons Data Re: [CANSLIM] 'M' Re: [CANSLIM] Rubbing your hands yet? Re: [CANSLIM] 'M' Re: [CANSLIM] Re: CREE ? Re: [CANSLIM] Resistance/3 year charts Re: [CANSLIM] Breakout CPWR Re: [CANSLIM] Rubbing your hands yet? Re: [CANSLIM] 'M' Re: [CANSLIM] intro: Dave Wood [CANSLIM] Heads Up [CANSLIM] ATHM Re: [CANSLIM] bases:: how to you figure where the base is?? Re: [CANSLIM] Rubbing your hands yet? Re: [CANSLIM] bases:: how to you figure where the base is?? Fw: [CANSLIM] Vix Fw: [CANSLIM] Rubbing your hands yet? [CANSLIM] ATHM breakout Re: [CANSLIM] Heads Up [CANSLIM] Rubbing your hands yet? [CANSLIM] CREE on cnbc this morning Re: [CANSLIM] Heads Up [CANSLIM] looking for a quality brokerage Re: [CANSLIM] CREE on cnbc this morning [CANSLIM] INSS: Wow! Re: [CANSLIM] looking for a quality brokerage Re: [CANSLIM] looking for a quality brokerage Re: [CANSLIM] CREE on cnbc this morning [CANSLIM] how many to follow Re: [CANSLIM] CREE [CANSLIM] Breakout MMGR [CANSLIM] PHLX, TheStreet.com get okay for Internet index Re: [CANSLIM] Breakout MMGR [CANSLIM] Internet Stocks. ---------------------------------------------------------------------- Date: Mon, 23 Nov 1998 22:12:57 +0100 From: Johan Van Houtven Subject: [CANSLIM] 'M' Another follow-through day 'of sorts'. Dow at new all-time high. Do I hear a lot of YHOO's? (Look at that one!) Form bear to super bull in just a few months. It amazes me. I'm glad I've had the opportonity to witness an event like this. And I'm sure I will find great pleasure in studying all that happened (not that it is over yet). A while ago I was talking to a senior portfolio manager here in Belgium. This 'experienced' investor thought I was really stupid to think the American market wasn't 'doomed'. Maybe I should give him a call tomorrow? ;^) (Still rubbin' my hands. Going to have a nice quite walk now. With -5 degrees Celsius over here. That should cool me off a bit.) Johan - - ------------------------------ Date: Mon, 23 Nov 1998 15:33:01 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] NonCanslim - Request for Barrons Data I am missing an issue of Barrons and would appreciate if someone who has it would respond back with a few numbers for me. Barrons Issue: 7/20/98 Sentiment readings: Investors Intelligence: % Bulls = ? % Bears = ? % Correction = ? Consensus Index % Bullish Opinion = ? AAII Index % Bullish = ? % Bearish = ? % Neutral = ? Market Vane % Bullish Consensus = ? From the Options Section just prior to the Market Laboratory. CBOE Market Report S&P 100 Puts = ? S&P 100 Calls = ? CBOE Equity Puts = ? CBOE Equity Calls = ? Thanks for you any assistance you can give, Frank Wolynski - - ------------------------------ Date: Mon, 23 Nov 1998 13:23:41 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] 'M' <
> They sure don't come along often. Anyone who's been keeping a journal is probably very glad that he did. As far as some of the internets go, the words "volume climax" do come to mind. You have to ask yourself how many people are going to come rushing in to buy AMZN at $218/share. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 23 Nov 1998 22:26:40 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Rubbing your hands yet? Deepak, At 03:41 PM 23-11-98 -0500, you wrote: >Your timings have been quite good in the past. Please be careful not to misinterpret my words. I'm not telling anyone to sell. Just want everyone (myself INCLUDED) to be alert. >I think this time >also you are likely to be right. In the past, it has been when >you go on vacation. Is that what you plan to do this time also???? My next vacation period will be April 99. Let's hope that bodes well for the market. ;^) Johan - - ------------------------------ Date: Mon, 23 Nov 1998 16:45:23 -0800 From: David Reid Subject: Re: [CANSLIM] 'M' as of today scamazon I mean amazon's market cap according to yahoo is 11.502 BILLION My wife is employed by Aetna/US Healthcare they are the biggest health insuror in the world as far as I know. Aetnas market cap today is 11.73 billion. What I want to know is when is this insanity gonna end?? These internet stocks are scaring me. Look at That EBAY thing . If that is not a joke I dont know what is. EBAY's market cap is 7.7 billion today . For gods sake they auction off beanie babies and baseball cards there. I am starting to get really worried about the market in general. David dbphoenix wrote: > < I've > had the opportonity to witness an event like this. And I'm sure I will > find > great pleasure in studying all that happened (not that it is over > yet).>> > > They sure don't come along often. Anyone who's been keeping a journal > is probably very glad that he did. > > As far as some of the internets go, the words "volume climax" do come > to mind. You have to ask yourself how many people are going to come > rushing in to buy AMZN at $218/share. > > --Db > > == > > "Lessons are repeated until they are learned." > > http://home.talkcity.com/MoneySt/dbphoenix/ > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Mon, 23 Nov 1998 13:48:35 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Re: CREE ? Thx for answering the question, I would add that I characterized these as HGS stocks with some/many CANSLIM characteristics, not all, and the charts are not very CANSLIM, else I would have had them on my CANSLIM list and not my HGS list. What you are looking at is an acknowledgement by someone (I would guess a small cap fund or three or ten) that CREE's growth potential is way above the estimates (ergo HGS), like we were talking about with JKHY last week. On 10:39 AM 11/23/98 , Craig Griffin Said: >At 01:21 PM 11/23/98 -0500, you wrote: >>I guess so,, >>Am I missing something with CREE,, or looking at a bad chart,, >>I'm looking at a stock that has moved from 15.00 to 30.00 (doubled) in the >>past 5 weeks,,?? >>where's the base? pivot at 30.00 ,, 33.00??? >>Seems to me it should only have been considered 5 weeks ago when it broke to >>20.00,, if you could have got in at maybe 18.00/19.00... I'd be looking for >>a pull back now.. > >I agree 100%. That was the time to buy. But ... look at a 2 year chart - >oops sorry, it is a 3 year chart with the old high on 08/18/95 at 31 1/2 - >and you will see a multi-year double bottom with upside "resistance" at >about 30. This is an awful type of chart to buy off of, but I did it based >on yesterdays action at 30. Risk is extremely high and agree that it may >pull back. I would not buy it today at 35, in fact I did not like paying >30 for it, but there you go. Really, only barely "legal" within Canslim, >if that. But I can justify the buy after the pause at resistance. I took >a VERY small position in a stock that looks too strong not to own. I would >not recommend this with other than "play money". But Canslim principles >lead me to the conclusion that it is a buy at this (30-33) point, although >it is not really Canslim. > >Thanks for forcing the explanation! I had half a mind to write one before >you asked. > > >> >> >>- >> >> > >- > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Mon, 23 Nov 1998 13:53:24 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Resistance/3 year charts YES. IBM is one of the most-used examples. Look at how much trouble it had getting through resistance that went back to the late 80's in the 50-75 range. On 11:19 AM 11/23/98 , Joe Scott Said: > >Do you think resistance and support still carry the same weight beyond one >year?? >or in my thinking, that generally anyone that could be resistance/support >would pretty much be gone, or not as apt to cause resistance/support because >of the time passed?? >I generally only look back at most 12 months, but then I have to admit I'm >more a player of momentum first, canslim second. I'm kinda a believer in its >all in the chart. >Like Craig did, I would never have looked back three years for other highs. >I looked at the chart back to the first of the year, and to how extended it >was from the 14.00/18.00 base it had been in that whole time.. Always >interesting to see how others do there research.. > > ,,, > joe (o o) >=oOO==(_)==OOo======== > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Mon, 23 Nov 1998 14:00:46 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Breakout CPWR Not a strong close. I got in at 60-3/8 on the fakeout early in the month.= I think this is another fakeout. On 12:09 PM 11/23/98 , Peter D. Christiansen Said: >Breaking out on big volume. > >-- >Peter Christiansen >Chiang Mai - Thailand > > >* "When =91the common good=92 of a society is regarded as something apar= t >from and superior to the individual good of its members, it means that >the good of some men takes precedence over the good of others, with >those others consigned to the status of sacrificial animals." -- "What >is Capitalism?" Capitalism: The Unknown Ideal * > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Mon, 23 Nov 1998 17:23:47 -0500 From: "james sullivan" Subject: Re: [CANSLIM] Rubbing your hands yet? >Please be careful not to misinterpret my words. I'm not telling anyone to >sell. Just want everyone (myself INCLUDED) to be alert. i'm in the same mindset....it's great having the whole portfolio ramming into new highs....but at this speed, it gets "my nerves up"....for me, selling is the tough part....i try not to move the stops too close, but the temptation can be overwhelming... just recently found and subscribed to this list....can't believe EVERYONE is talking and trading CANSLIM.... jim - - ------------------------------ Date: Mon, 23 Nov 1998 14:36:11 -0800 From: "Steve" Subject: Re: [CANSLIM] 'M' Bob Brinker puts it well. He calls it "tulipmania.com" Steve Grier - -----Original Message----- From: David Reid To: canslim@lists.xmission.com Date: Monday, November 23, 1998 1:46 PM Subject: Re: [CANSLIM] 'M' >as of today scamazon I mean amazon's market cap according to yahoo is >11.502 BILLION > >My wife is employed by Aetna/US Healthcare they are the biggest health >insuror in the world as far as I know. >Aetnas market cap today is 11.73 billion. > >What I want to know is when is this insanity gonna end?? >These internet stocks are scaring me. >Look at That EBAY thing . If that is not a joke I dont know what is. >EBAY's market cap is 7.7 billion today . For gods sake they auction off >beanie babies and >baseball cards there. > >I am starting to get really worried about the market in general. > >David > >dbphoenix wrote: > >> <> I've >> had the opportonity to witness an event like this. And I'm sure I will >> find >> great pleasure in studying all that happened (not that it is over >> yet).>> >> >> They sure don't come along often. Anyone who's been keeping a journal >> is probably very glad that he did. >> >> As far as some of the internets go, the words "volume climax" do come >> to mind. You have to ask yourself how many people are going to come >> rushing in to buy AMZN at $218/share. >> >> --Db >> >> == >> >> "Lessons are repeated until they are learned." >> >> http://home.talkcity.com/MoneySt/dbphoenix/ >> >> _________________________________________________________ >> DO YOU YAHOO!? >> Get your free @yahoo.com address at http://mail.yahoo.com >> >> - > > >- > > - - ------------------------------ Date: Mon, 23 Nov 1998 16:49:45 -0600 From: "John Adair, M.D." Subject: Re: [CANSLIM] intro: Dave Wood Hi Dave Welcome , I will be looking to read your posts. Hope you will Jump in and not be bashful. What equipment do you use for decision making.I suspect you must lead a stressful life trading all time. I suspect you have been very happy lately. I am retired and turning 72 Christmas.I practiced family medicine for 42 years in rural Oklahoma. I use mostly canslim but also momentum perhaps more than Canslim. I have Quotes Plus , tc2000 Metastock and Get. I have about concluded software is not going to be the holy grail. John Adair Dave Wood wrote: > I would like to introduce myself to everyone. I am 34 years old , and live > in Gilman Vermont - a small town in the northern part of the state. I've > been using canslim for most of this decade. I have a B.Sc. in business > administration from Lyndon State College. I make my living by trading for my > own account. I look forward to participating in this group. > > - - - ------------------------------ Date: Mon, 23 Nov 1998 16:28:09 -0800 (PST) From: dbphoenix Subject: [CANSLIM] Heads Up Some time ago, I offered a couple of guidelines for detecting when the indices may be getting airsick: heads up when the sums of the differences between the highs and the 17, 50 and 200d MAs reach 25%, and extreme caution when they reach 40%. As of today, the S&P400 is at 19%, the NYSE 22%, the S&P 25%, the DJIA 29%, the OTC 32%, the NDX 49%. And the Internet Index? 92%. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 23 Nov 1998 19:16:20 -0500 From: "Charles Cangialosi" Subject: [CANSLIM] ATHM This chart is totally confusing to me. I have the recent resistance level somewhere around 50. I am hoping it will become the new support level. I discovered one thing about changing brokers. I switched from a full service broker to a discount broker. The transfer is taking place, however my stocks are in limbo. I cant do anything. So I have no stops. I would place the stop at 50 for ATHM, I have that stock. I know WON is clear on stops and mentions that many stocks go up after you get stopped out. I believe in the CANSLIM concept and will continue to follow it. Still its hard to see something you got stopped out of hit new highs a few weeks later. OTOH, I will be glad for the stop when I get stopped out of one that goes into the cellar. As a newbie reading the CANSLIM list today was mindboggleing. So many possible breakouts. Talk of pivots points, so what's a pivot point anyway? Is it the same as a breakout point?. As it turns out none of this matters till my account is cleared. I called twice and groveled to be allowed to place stops and to trade but it is not permitted even though they know what I have and it has been released from the old broker. Perhaps tomorrow. Maybe being able to do nothing is the best thing to do at this moment. Charlie - - ------------------------------ Date: Mon, 23 Nov 1998 18:48:11 -0500 From: "Bob Amend" Subject: Re: [CANSLIM] bases:: how to you figure where the base is?? How much of a band can one accept when looking at a base? 10 - 20%? Bob - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Sunday, November 22, 1998 10:12 AM Subject: Re: [CANSLIM] bases:: how to you figure where the base is?? >Hi David, > >My primary criteria is simply looking at the chart at DGO. I visually >compare recent activity against the action over the past 12 months. > >I also mentally compare the chart to how its respective exchange looks >(NYSE, Naz) so that I can "compensate" for what was going on. >Naturally, I want to see a 5-8 week base, preferably at or close to >all time highs. That's difficult to find right now. > >Tom W > >-----Original Message----- >From: David Reid >To: canslim@lists.xmission.com >Date: Sunday, November 22, 1998 9:45 AM >Subject: [CANSLIM] bases:: how to you figure where the base is?? > > >> I have a primitive way to figure out where a stocks base is. > >I want to how other members figure where the base of a stock is. > >thanks > >> >> >> - >> >> - > > >- > > > >- - - ------------------------------ Date: Mon, 23 Nov 1998 21:48:46 -0500 From: David Squires Subject: Re: [CANSLIM] Rubbing your hands yet? I have the same hand rubbing feeling.....but don't listen to me.....I had it last week and the week before. I noticed the market strategist parade started today. This is a strange market.......it's hard to get into and hard to get out of! There is one thing I know......the probability of moving higher is a lot smaller than the probability of a reaction. Any new longs I take will have to be textbook breakouts (IMNX is a good example) with huge volume and conviction. It was certainly hard to watch a number of breakouts today and not participate but if the odds aren't with me I'd rather not play. Good Trading, DCSquires - - ------------------------------ Date: Mon, 23 Nov 1998 20:08:40 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] bases:: how to you figure where the base is?? <> Depends on what kind of base you're talking about. If it's a flat base, O'N suggests 15% high to low. If it's the handle to a cup, he suggests 10% with a bias toward the downside beginning to end. If it's a rectangular base, which he doesn't get in to, it can be considerably wider. If you're interested in this, there are sections devoted to each of these types of bases at my website. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 24 Nov 1998 18:54:36 +1300 From: "Dean Edwards" Subject: Fw: [CANSLIM] Vix Market Volatility Current CBOE Market Volatility Index (VIX) 21.13 For additional reading on implied volatility and the VIX, click here. http://www.optionsource.com/option/research/impliedv.htm Today=92s High VIX Reading 21.25 Today=92s Low VIX Reading 19.96 Yesterday=92s VIX Close 21.22 - -----Original Message----- From: David Reid To: canslim@lists.xmission.com Date: Monday, November 23, 1998 3:44 PM Subject: Re: [CANSLIM] Vix >would you please explain what vix is? >I havent a clue. > >Patrick Wahl wrote: > >> I noticed that the Vix index took a couple of sharp drops in the last >> few days, to its lowest point since July, the old market high. I >> think this is probably a good thing. A quick look at the last year of >> price data makes it appear that the Vix is low during uptrends or >> calm sideways movement, and of course high when the market is >> going down or thrashing around with a lot of volatility. >> >> - > > >- > - - ------------------------------ Date: Tue, 24 Nov 1998 21:20:23 +1300 From: "Dean Edwards" Subject: Fw: [CANSLIM] Rubbing your hands yet? Johan, You worry too much :-) I respect your opinion of the market. Just let me know when you go into cash. Your my trusted barometer for the market. Read this and your be shaking in your boots. for the 23 November. http://www.wheatfirst.com/mktcom/daily_update.htm The 10-day formula of the Arms index reached a slightly overbought 0.77 today. This is the area where short-term corrections have been developing this year. (The market may soon become extremely overbought if today's rally continues to require such a large advancing to declining volume ratio for puny 3 to 2 ratios of advances over declines on the NYSE.) Comments made by Richard Arms sometime ago, but still relevant today: First and foremost, look for day upon day of ``extremely heavy'' volume, accompanied by ``lack of progress'' to the upside. ``The market just runs into a wall,'' he says. But Richard Arms is quick to point out that that the aging beast will offer numerous clues that the end is nigh. Another telltale sign of a market top is a series of ``preliminary'' sharp drops and rebounds, Arms says. By the same token, the Nasdaq's explosive rally in recent days also hints of potential trouble. In Arms's view, it suggests a pickup in speculative fever: ``Investors are moving away from the tried-and-true Dow stocks, and into things from which they might get better performance. But they are taking more risks to do so.'' ``Everything that is known about the market is in the price of the stocks. When the fundamentals change, the market already will be reacting to them.'' Of his little chart experiment, he says, ``Human emotions remain the same, and the market gets pushed up in the same rhythmic manner.'' My comments: When the Internet stocks top, if they ever do; then it can be safe to assume that the market is headed downward. At least temporarily. Look at yesterdays action of the internet leaders. Very scarey, in my opinion! From: "Dean Edwards" Date: Mon, 27 Jan 1997 11:50:58 +1300 Subject: Fw: [CANSLIM] Looking for breakouts I went into 100% cash and sold all my US stocks on Friday as well. I've never gone this crazy before and sold everything. But I got shaken out by the market conditions. - -- > From: Johan Van Houtven > To: canslim@xmission.com > Subject: Re: [CANSLIM] Looking for breakouts > Date: Monday, January 27, 1997 6:43 AM> > Important note: The 'M' in CANSLIM. If the 'M' is currently not clear, be > VERY careful. Example: Last Thurday and Friday I was NOT looking for > breakouts. I was going to cash. I'm now completely in cash. Thank God. Iwas > glad that I saved a lot of profit when I looked at the Friday closing > prices. I'll be on the sidelines until a uptrend has been establishedagain.> > - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Tuesday, November 24, 1998 9:36 AM Subject: [CANSLIM] Rubbing your hands yet? >I don't want to spoil the party, but I'm going to be extra careful from >here on. > >Sentiment was already bullish and is getting very bullish now. Look at this >mailing list today... > >Personally I'm rubbing my hands, and that is one of the signs Ian Woodward >looks for when a market might be topping (short term). > >Just a warning to be careful. > >(Of course the market will go on to new highs form here, just to make me >look real stupid. I know. :) > > > >Johan > > > > > > >- > - - ------------------------------ Date: Tue, 24 Nov 1998 07:32:17 -0600 (CST) From: mckeener@ix.netcom.com Subject: [CANSLIM] ATHM breakout Craig, This helps a lot. Many thanks. Mary - - ------------------------------ Date: Tue, 24 Nov 1998 08:41:34 -0500 From: David Squires Subject: Re: [CANSLIM] Heads Up >>Some time ago, I offered a couple of guidelines for detecting when the indices may be getting airsick: heads up when the sums of the differences between the highs and the 17, 50 and 200d MAs reach 25%, and extreme caution when they reach 40%. As of today, the S&P400 is at 19%, the NYSE 22%, the S&P 25%, the DJIA 29%, the OTC 32%, the NDX 49%. And the Internet Index? 92%. - --Db<< Db, I must have missed the original post. This idea sounds very interesting...............have you back tested it? Thanks, DCSquires - - ------------------------------ Date: Tue, 24 Nov 1998 07:49:46 -0600 (CST) From: mckeener@ix.netcom.com Subject: [CANSLIM] Rubbing your hands yet? Johan, No, but I just started after reading your post. Mary - - ------------------------------ Date: Tue, 24 Nov 1998 08:59:42 -0500 From: "Joe Scott" Subject: [CANSLIM] CREE on cnbc this morning Craig,, you might get some help with CREE, scheduled to be on CNBC this morning ,,, joe (o o) =oOO==(_)==OOo======== - - ------------------------------ Date: Tue, 24 Nov 1998 06:16:26 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Heads Up <> I haven't, but Ian Woodward has. It's partner to his guidelines regarding percentages above the 50 and 200d: caution at 130% of the 50d and 170% of the 200, and possible exit at 150% of the 50 and 200% (double) of the 200. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 24 Nov 1998 10:15:45 EST From: Mypiason3@aol.com Subject: [CANSLIM] looking for a quality brokerage Hello, I am looking for another brokerage house. I am not happy with the customer service as well as the lack of investment tools with my current broker. I am willing to pay higher commissions for quality. Any suggestions would be appreciated. I am also looking to convert my IRA into a ROTH. Would it be wiser to liquidate my positions before transfering accounts? Thanks Bill - - ------------------------------ Date: Tue, 24 Nov 1998 10:26:16 -0500 From: Craig Griffin Subject: Re: [CANSLIM] CREE on cnbc this morning I suspect that there are a lot of people who buy based on CNBC reports buying while a lot of people who have ridden it up this far are selling into the buying volume. We shall see who is wiser, but I suspect the kneejerk CNBC buyers will get hurt unless they hold it more than a couple of weeks (ie. my GUESS is that today marks a short term top). I will hold since this is a small long term position. I may sell to protect profit if it dips below 33. And it would not surprise me to see it test that area (with all the CNBC kneejerk folks selling at a loss right back to the same people who sold to them at 40). It happens. Then again, one never knows - this has been a powerful stock. It may sail through and go on to 50 with barely a hiccup. Either way, I'm happy as long as there is no serious testing of 33. At 08:59 AM 11/24/98 -0500, you wrote: >Craig,, you might get some help with CREE, scheduled to be on CNBC this >morning > > ,,, > joe (o o) >=oOO==(_)==OOo======== > > > > >- > > - - ------------------------------ Date: Tue, 24 Nov 1998 07:31:22 -0800 From: Tim Fisher Subject: [CANSLIM] INSS: Wow! Continuing the breakout on this profit taking day. Can it hold up? Doesn't look like a buying opportunity as it is extended now from the pivot by over 10%. JKHY not so lucky; dunno if this is a buying oppportunity or a failure of the breakout. AOL meanwhile is scaring the pants off me. My tightened stop looks ridiculously loose already! Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 24 Nov 1998 05:36:31 -0500 From: Scott Vickery Subject: Re: [CANSLIM] looking for a quality brokerage Mypiason3@aol.com wrote: > Hello, > > I am looking for another brokerage house. I am not happy with the customer > service as well as the lack of investment tools with my current broker. I am > willing to pay higher commissions for quality. Any suggestions would be > appreciated. I am using E*Trade and have not had any problems. www.etrade.com. I think that you can look at most of the tools available without opening an account. > > > I am also looking to convert my IRA into a ROTH. Would it be wiser to > liquidate my positions before transfering accounts? > No experience there. > Thanks > > Bill > > - Scott - - ------------------------------ Date: Tue, 24 Nov 1998 10:43:48 EST From: Eatstock@aol.com Subject: Re: [CANSLIM] looking for a quality brokerage I have used waterhouse....www.waterhouse.com I have never had any problem, but I dont do an enormous amount of trades per day. they have a decent amount of research, most of which can be found for free on other sites. - - ------------------------------ Date: Tue, 24 Nov 1998 11:42:04 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] CREE on cnbc this morning At 10:26 11/24/98 -0500, you wrote: >I suspect that there are a lot of people who buy based on CNBC reports >buying while a lot of people who have ridden it up this far are selling >into the buying volume. We shall see who is wiser, but I suspect the >kneejerk CNBC buyers will get hurt unless they hold it more than a couple >of weeks (ie. my GUESS is that today marks a short term top). I will hold >since this is a small long term position. I may sell to protect profit if >it dips below 33. And it would not surprise me to see it test that area >(with all the CNBC kneejerk folks selling at a loss right back to the same >people who sold to them at 40). It happens. > >Then again, one never knows - this has been a powerful stock. It may sail >through and go on to 50 with barely a hiccup. Either way, I'm happy as >long as there is no serious testing of 33. > >At 08:59 AM 11/24/98 -0500, you wrote: >>Craig,, you might get some help with CREE, scheduled to be on CNBC this >>morning >> >> ,,, >> joe (o o) >>=oOO==(_)==OOo======== >> >> I don't intend this to influence you, but instead to add a bit of information to what you know about CREE. I work in an Industry that uses Silicon Carbide for semi-conductors. Television Broadcasting uses High Power Television Transmitters. The next generation of Television Transmitters for Digital ready broadcasts is largely being filled by solid state (semiconductor) high power devices. This is where Silicon Carbide comes in. I saw a Motorola demo at a convention a few years back showcasing the technology. It is impressive in a techno-nurdish way. Since I am the target of the Transmitter manufacturers sales techniques, I know they are pushing the solid state transmitters. They don't have to push hard however, the engineers working in the industry have long realized the advantages (and disadvantages) of solid state. These newer high power devices offer a bit more flexibility than earlier versions. They can now be retuned to a different channel, are less costly than their tube counterpart, although can't reach the power levels of the tube, and offer a good economical transition for Television Stations wondering how they will pay for the Digital transition. One of the Solid State transmitters runs typically $200k to $400k, while a tube transmitter will start nearer to $800k. I don't know if CREE's R&D and sales is directly linked to the television broadcast industry, but intend to find out. Does this make me bullish on the stock? Nope. It is a story, I don't buy them. It is however a "New" for the CS approach. That is to say Digital Television is an FCC mandated requirement for all 1800 TV stations in North America. It will start in May of 99 and ALL stations are required to have digital broadcasts on the air NLT November, 2003. That is "New", so is the Silicon Carbide technology. It holds alot of promise. Regards, Frank Wolynski - - ------------------------------ Date: Tue, 24 Nov 1998 12:12:31 -0500 From: "Dave Wood" Subject: [CANSLIM] how many to follow Something that has always bothered me is: how many stocks to follow in each industry group. In his book, O'Neil says to follow the top 2-3 in each group, but in IBD i've seen the top 20 % recommended. In a large industry - say 60 stocks - what does anybody else use as a rule ? Dave - - ------------------------------ Date: Tue, 24 Nov 1998 11:38:47 -0600 From: "John Adair, M.D." Subject: Re: [CANSLIM] CREE Hi Frank I am a cnbc listner but I hope not a jerk Knee or otherwise. Isn't cree almost a perfect Canslim stock. As or 11:30 cst it was above 39 and going. I bought another thousand. If it tanks you will be right but if us knee Jerks are right we will be smiling all the way to the bank. I predict a long and rapid ride. That article in briefing.com seems to agree. John Adair Frank V. Wolynski wrote: > At 10:26 11/24/98 -0500, you wrote: > >I suspect that there are a lot of people who buy based on CNBC reports > >buying while a lot of people who have ridden it up this far are selling > >into the buying volume. We shall see who is wiser, but I suspect the > >kneejerk CNBC buyers will get hurt unless they hold it more than a couple > >of weeks (ie. my GUESS is that today marks a short term top). I will hold > >since this is a small long term position. I may sell to protect profit if > >it dips below 33. And it would not surprise me to see it test that area > >(with all the CNBC kneejerk folks selling at a loss right back to the same > >people who sold to them at 40). It happens. > > > >Then again, one never knows - this has been a powerful stock. It may sail > >through and go on to 50 with barely a hiccup. Either way, I'm happy as > >long as there is no serious testing of 33. > > > >At 08:59 AM 11/24/98 -0500, you wrote: > >>Craig,, you might get some help with CREE, scheduled to be on CNBC this > >>morning > >> > >> ,,, > >> joe (o o) > >>=oOO==(_)==OOo======== > >> > >> > > I don't intend this to influence you, but instead to add a bit of > information to what you know about CREE. I work in an Industry that uses > Silicon Carbide for semi-conductors. Television Broadcasting uses High > Power Television Transmitters. The next generation of Television > Transmitters for Digital ready broadcasts is largely being filled by solid > state (semiconductor) high power devices. This is where Silicon Carbide > comes in. I saw a Motorola demo at a convention a few years back showcasing > the technology. It is impressive in a techno-nurdish way. > > Since I am the target of the Transmitter manufacturers sales techniques, I > know they are pushing the solid state transmitters. They don't have to push > hard however, the engineers working in the industry have long realized the > advantages (and disadvantages) of solid state. These newer high power > devices offer a bit more flexibility than earlier versions. They can now be > retuned to a different channel, are less costly than their tube > counterpart, although can't reach the power levels of the tube, and offer a > good economical transition for Television Stations wondering how they will > pay for the Digital transition. One of the Solid State transmitters runs > typically $200k to $400k, while a tube transmitter will start nearer to > $800k. > > I don't know if CREE's R&D and sales is directly linked to the television > broadcast industry, but intend to find out. > > Does this make me bullish on the stock? Nope. It is a story, I don't buy > them. It is however a "New" for the CS approach. That is to say Digital > Television is an FCC mandated requirement for all 1800 TV stations in North > America. It will start in May of 99 and ALL stations are required to have > digital broadcasts on the air NLT November, 2003. That is "New", so is the > Silicon Carbide technology. It holds alot of promise. > > Regards, > Frank Wolynski > > - - - ------------------------------ Date: Tue, 24 Nov 1998 19:25:51 +0100 From: Johan Van Houtven Subject: [CANSLIM] Breakout MMGR MMGR on 2.3x ADV Good CS nrs. Johan - - ------------------------------ Date: Tue, 24 Nov 1998 12:11:02 -0800 From: Charles Cangialosi Subject: [CANSLIM] PHLX, TheStreet.com get okay for Internet index I thought you might find this story interesting. - ------------------------- Article ------------------------- Tuesday, November 24, 1998 01:35 PM CHICAGO, Nov 24 (Reuters) - The Philadelphia Stock Exchange (PHLX) and TheStreet.com news service said on Tuesday they have received approval from the U.S. Securities and Exchange Commission (SEC) to trade TheStreet.com Internet Sector (DOT). The new sector index will begin trading on the PHLX on Dec. 9. TheStreet.com Internet Sector index will track the performance of twenty Internet companies and will be equal-dollar weighted, meaning that the performance of large and small companies in the index will be represented equally. The companies represented in the index include America Online Inc. (Nyse:AOL) and Netscape Communications Inc. (Nasdaq:NSCP) , which are reportedly in talks to merge, Amazon.com Inc. (Nasdaq:AMZN) , Macromedia Inc. (Nasdaq:MACR) , MindSpring Enterprises Inc. (Nasdaq:MSPG) , At Home Corp. (Nasdaq:ATHM) , BroadVision Inc. (Nasdaq:BVSN) , Network Associates Inc. (Nasdaq:NETA) , CMG Information Services Inc. (Nasdaq:CMGI) Onsale Inc. (Nasdaq:ONSL) , Checkpoint Software Technologies (Nasdaq:CHKPF) , Open Market Inc. (Nasdaq:OMKT) , Egghead.com Inc. (Nasdaq:EGGS) , Real Networks Inc. (Nasdaq:RNWK) , Excite Inc. (Nasdaq:XCIT) , Security Dynamics Technologies Inc. (Nasdaq:SDTI) , Infoseek Corp. (Nasdaq:SEEK) , USWeb Corp. (Nasdaq:USWB) , Lycos Inc. (Nasdaq:LCOS) and Yahoo! Inc. (Nasdaq:YHOO) . The PHLX and TheStreet.com, an online investment and financial news service, said the composition of the index was subject to change. Susquehanna Investment Group was named specialist for options based on the index, the exchange said. 1998, Reuters - ----------------------------------------------------------- This article on the Excite Money and Investing Channel is produced by Quicken.com, the objective source for making the most of your money. Visit Excite Money and Investing at http://quicken.excite.com next time you need financial news, stock quotes, portfolio services, or information about taxes, mortgages, and insurance. - - ------------------------------ Date: Tue, 24 Nov 1998 14:25:07 -0600 From: "John Adair, M.D." Subject: Re: [CANSLIM] Breakout MMGR MMGR Is a very good but expensive software used in most medical clinics and offices. I have doubts it will become a canslim stock. Johan Van Houtven wrote: > MMGR on 2.3x ADV > > Good CS nrs. > > Johan > > - - - ------------------------------ Date: Tue, 24 Nov 1998 15:40:57 -0500 From: "Charles Cangialosi" Subject: [CANSLIM] Internet Stocks. I know I have a few posts today but I have been watching the internet stocks (instead of working for a living). Its about 3:40 PM. I looked at the list, AOL, YHOO, XCIT et all. What I see is massive volume and almost no movement in either direction. I am not sure if this is what we call distribution but it could pass for it to me. I think its finally time to short YHOO. If you know how to do it. I dont. ATHM is not listed with the internet stocks, correctly so I think. It is up on huge volume. I guess this is a breakout. I had mentioned earlier I cant put stops on my stocks because of the transfer. I should be able to tomorrow. I read HTMMIS chapter on when to sell 3 times last night. I want to hold it but I dont want to loose all the gain. I feel like a 15% pull back would put it at about 58. I guess a good place for a stop, if I ever get to place one would be about 57. I mentioned in an earlier post that I thought the resistance for this stock was around 50. I hope they will let me place stops tomorrow. I am going to hate to see that gain eaten up while I am powerless to stop it. Charlie - - ------------------------------ End of canslim-digest V2 #453 ***************************** 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.