From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #492 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, January 6 1999 Volume 02 : Number 492 In this issue: RE: [CANSLIM] 90 90 90 A A A RE: [CANSLIM] 90 90 90 A A A Re: [CANSLIM] SEEK Re: [CANSLIM] My CANSLIM subscription was terminated?? Re: [CANSLIM] My CANSLIM subscription was terminated?? Re: [CANSLIM] SEEK RE: [CANSLIM] Brooke Besser introduction Re: [CANSLIM] My CANSLIM subscription was terminated?? Re: [CANSLIM] WOW! Some impressive shakeouts RE: [CANSLIM] SEEK [CANSLIM] Fw: Calculating EPS percentile ranking Re: [CANSLIM] Index - Calculating Re: [CANSLIM] Index - Calculating Re: [CANSLIM] Index - Calculating [CANSLIM] market predections [CANSLIM] Technical Stuff [Connie Mack] ---------------------------------------------------------------------- Date: Tue, 5 Jan 1999 05:34:06 -0500 From: "Charles Cangialosi" Subject: RE: [CANSLIM] 90 90 90 A A A Anthony, These are the listings of the stocks in Investors Business Daily Earnings-relative price-group strength-sales profit-acc/dist Top of each column in IBD. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of anthony boone > Sent: Tuesday, January 05, 1999 12:14 AM > To: CANSLIM > Subject: [CANSLIM] 90 90 90 A A A > > > I saw the phrase "90 90 90 A A A" in a recent CANSLIM email. > > Anyone, care to explain what that should mean to a CANSLIMer? > > Anthony > > - > > - - ------------------------------ Date: Tue, 5 Jan 1999 05:34:06 -0500 From: "Charles Cangialosi" Subject: RE: [CANSLIM] 90 90 90 A A A Anthony, These are the listings of the stocks in Investors Business Daily Earnings-relative price-group strength-sales profit-acc/dist Top of each column in IBD. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of anthony boone > Sent: Tuesday, January 05, 1999 12:14 AM > To: CANSLIM > Subject: [CANSLIM] 90 90 90 A A A > > > I saw the phrase "90 90 90 A A A" in a recent CANSLIM email. > > Anyone, care to explain what that should mean to a CANSLIMer? > > Anthony > > - > > - - ------------------------------ Date: Tue, 05 Jan 1999 06:56:26 -0500 From: Walter Stock Subject: Re: [CANSLIM] SEEK Hi Charlie, Assuming an intermediate-term investing horizon, Elder's Triple Screen would have had you start looking to exit SEEK back in November, with a clear sell signal in the fourth week of December. I combine Elder with Canslim. I go long Canslim stocks that are also good technical buys according to triple screen, and the other technical analysis that Elder goes through (most of it classic TA). Be careful shorting this one. You are shorting internet. I would not short a stock because of Triple Screen alone. Walter Charles Cangialosi wrote: > Dan, > I did get stopped out yesterday. I had the stop at the 17 day EMA. I too > think this one is headed down a few more points. I am trying the short > experiment. Probably will get my lunch eaten again. > I like Dr. Elders entering and exit strategy (triple screen). I feel it is > totally compatible with CANSLIM. Of course writing a good book is one thing. > Having it work is another. Still it sounds reasonable so I am giving it a > try. I believe the strategy is generally correct. Of course SEEK may not > have read the book. > > Wish me luck > Charlie - - ------------------------------ Date: Tue, 05 Jan 1999 05:29:16 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] My CANSLIM subscription was terminated?? Hi Jeff, I have been subscribed to the CANSLIM list for almost 2 years. I stopped getting posts on 1/2/99, and have no idea why. I did not cancel or send anything to the server. I attempted to get a list of the subscribers today but failed (I haven't looked into why), but figured it might be easiest to resubscribe, which is what I did. Obviously, this shouldn't be necessary. Can you tell me what may have happened. Thanks. Dan Musicant - - ------------------------------ Date: Tue, 5 Jan 1999 06:06:37 -0700 From: "Jeff Salisbury" Subject: Re: [CANSLIM] My CANSLIM subscription was terminated?? Dan, I don't know what happened... What commonly happens is that subscribers' addresses begin bouncing (a large percentage of my time is spent dealing with bouncing email). When this happens, I remove the address from the canslim list and put it on a temporary "bounces" list. People on this list receive a notice once a day for 90 days before they are removed from the bounces list. I keep track of anyone who has ever been on the bounces list. There is no record of you being put on the bounce list. So, I don't know what happened. Please let me know if you get unsubscribed again. Jeff - - ------------------------------ Date: Tue, 5 Jan 1999 08:33:12 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] SEEK Also remember that many brokerage houses have reduced the margin allowed for Internet stocks. Some have moved from 100% down to 25% and others are not marginable at all due t high volatility. This varies from house to house. tom m - -----Original Message----- From: Walter Stock To: canslim@lists.xmission.com Date: Tuesday, January 05, 1999 6:59 AM Subject: Re: [CANSLIM] SEEK >Hi Charlie, > >Assuming an intermediate-term investing horizon, Elder's Triple Screen >would have had you start looking to exit SEEK back in November, with >a clear sell signal in the fourth week of December. > >I combine Elder with Canslim. I go long Canslim stocks that are also good >technical buys according to triple screen, and the other technical analysis that >Elder goes through (most of it classic TA). > >Be careful shorting this one. You are shorting internet. I would not >short a stock because of Triple Screen alone. > >Walter > > >Charles Cangialosi wrote: > >> Dan, >> I did get stopped out yesterday. I had the stop at the 17 day EMA. I too >> think this one is headed down a few more points. I am trying the short >> experiment. Probably will get my lunch eaten again. >> I like Dr. Elders entering and exit strategy (triple screen). I feel it is >> totally compatible with CANSLIM. Of course writing a good book is one thing. >> Having it work is another. Still it sounds reasonable so I am giving it a >> try. I believe the strategy is generally correct. Of course SEEK may not >> have read the book. >> >> Wish me luck >> Charlie > > > > >- - - ------------------------------ Date: Tue, 5 Jan 1999 05:47:03 -0800 (PST) From: dbphoenix Subject: RE: [CANSLIM] Brooke Besser introduction <> Not at all. I had forgotten about it. I'm glad you found it useful. I should file it away somewhere. One of the delphi contributors, Ron Russell, now provides his spreadsheet to us directly, so that saves some time. Otherwise, the information is still all good. - --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, 05 Jan 1999 15:21:36 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] My CANSLIM subscription was terminated?? On Tue, 5 Jan 1999 06:06:37 -0700, you wrote: :Dan, : :I don't know what happened... What commonly happens is that = subscribers' :addresses begin bouncing (a large percentage of my time is spent dealing :with bouncing email). When this happens, I remove the address from the=20 :canslim list and put it on a temporary "bounces" list. People on this = list :receive a notice once a day for 90 days before they are removed from the :bounces list. I keep track of anyone who has ever been on the bounces = list. :There is no record of you being put on the bounce list. So, I don't :know what happened. Please let me know if you get unsubscribed again. : :Jeff : All I can think of, Jeff, is that I subscribed my cousin Mark a couple of months ago and he may have unsubscribed. His address is: musicant@silcom.com I wouldn't think that would get me unsubscribed though. Well, I'm OK now, presumably because I subscribed again. Thanks for the reply, the help, and the great list! Good success and happiness to you in the new year! Dan - - ------------------------------ Date: Mon, 04 Jan 1999 22:05:44 -0800 From: Tim Fisher Subject: Re: [CANSLIM] WOW! Some impressive shakeouts VectorVest.com. They give out free analysis which includes the only free stop reccomendations I can find on the net. I even lowered my stop from their reccomended level on INSS to be about halfway to the 30d EMA but to no avail. Anyway it's just sour grapes cause I took a 20% profit and WON says to never let a 20% profit turn into a loss. So with this rule I would be out anyway. Intraday that is. AEOS did close at my stop so I would have had to sell it tomorrow morning anyway even if I had a soft stop. I lost 10% on that one. What I was looking for is a reaction to today's market which seemed like compression to me esp. in recent breakouts. Guess this list is dead except for you and me today. At 04:04 PM 1/4/99 -0800, you wrote: >Tim: > >What's the VV stop? Thanks? >Ciao, >Rolatzi > >---Tim Fisher wrote: >> >> Boy did I get burned on some shakeouts today. I guess time will tell >if they're >> true breakout failures but INSS and AEOS turned over and died today, >at least >> intraday for INSS. Looks to me like a pettern is developing wherein >my stops >> are just a hair too high on these "movements" - guess the VectorVest >stop is >> being used by too many investors and that is becoming a target for >the MM's >> with big institutional clients looking for cheap shares. If you >don't believe >> this theory look at the 1-day chart for INSS and notice the huge >spike in >> volume at the intraday low of 60, which is just below the VV stop. >> >> >> Tim Fisher >> Ore-Rock-On and Pacific Fishery Biologists WWW Sites >> >> Tim@OreRockOn.com >> WWW: http://OreRockOn.com >> See naked fish and rocks! >> >> - >> >> > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > 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, 5 Jan 1999 12:04:45 -0500 From: "Charles Cangialosi" Subject: RE: [CANSLIM] SEEK Walt, I know I missed the boat on this one. I just purchased it wrong. Fortunately the loss was minimal, another tuition payment. I am nervous about the short too. I have a tight buy to cover stop on it if it goes against me. It is lower today, I am thinking it is churning around, going through distribution. It seems to be going counter to the other internet stocks. In my totally limited experience I think CANSLIM and Elder's triple screen are a perfect match as far as validating what I might think is happening with a stock. Of course WON would point out what I think or what I may want does not matter to the market. Thanks Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Walter Stock > Sent: Tuesday, January 05, 1999 6:56 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] SEEK > > > Hi Charlie, > > Assuming an intermediate-term investing horizon, Elder's Triple Screen > would have had you start looking to exit SEEK back in November, with > a clear sell signal in the fourth week of December. > > I combine Elder with Canslim. I go long Canslim stocks that are also good > technical buys according to triple screen, and the other > technical analysis that > Elder goes through (most of it classic TA). > > Be careful shorting this one. You are shorting internet. I would not > short a stock because of Triple Screen alone. > > Walter > > > Charles Cangialosi wrote: > > > Dan, > > I did get stopped out yesterday. I had the stop at the > 17 day EMA. I too > > think this one is headed down a few more points. I am trying the short > > experiment. Probably will get my lunch eaten again. > > I like Dr. Elders entering and exit strategy (triple > screen). I feel it is > > totally compatible with CANSLIM. Of course writing a good book > is one thing. > > Having it work is another. Still it sounds reasonable so I am > giving it a > > try. I believe the strategy is generally correct. Of course SEEK may not > > have read the book. > > > > Wish me luck > > Charlie > > > > > - > - - ------------------------------ Date: Tue, 5 Jan 1999 21:09:36 -0500 From: "Tom Worley" Subject: [CANSLIM] Fw: Calculating EPS percentile ranking From WON's Daily Graphs Online - the straight scoop. Guess this is a protection against enormous percentage gains on stocks just entering profitability. Doesn't seem fair, but what can you do? Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Customer Service To: 'Tom Worley' Date: Tuesday, January 05, 1999 6:35 PM Subject: RE: Calculating EPS percentile ranking Hi Tom, Thank you for your recent email to Daily Graphs Online. In response to your question, our head programmer informed me that the statement made to you is NOT true. He indicated that there is a limit of 100% increase if either quarter is less than .11, otherwise, the cap is 300% if both quarters are greater than or equal to .11. I hope that this answers your question. Please let me know if you require additional clarification. Best regards, Dan Daily Graphs Online - -----Original Message----- From: Tom Worley [mailto:stkguru@netside.net] Sent: Saturday, January 02, 1999 3:56 AM To: Customer Service Subject: Calculating EPS percentile ranking Good morning, Got a technical question to ask. I realize that the calculation of the EPS rank percentile is a proprietary formula, so I am not asking you for the actual formula. However, one member of my online CANSLIM discussion group is stating to the members that in performing this calculation, only earnings growth of 100% max year to year are taken into account. In other words, a company with earnings growth of 110% year to year and another with growth of 300% would be each treated in the formula calculations as if the growth was only 100%. Can you confirm or deny this?? If true, it's news to me, and if false would like to inform the 700 or so members so they don't take it as correct info. Tom W stkguru@netside.net ICQ # 5568838 - - ------------------------------ Date: Tue, 5 Jan 1999 22:23:32 EST From: Eatstock@aol.com Subject: Re: [CANSLIM] Index - Calculating Could some one please help me with this question? are indexes weighted based on outstanding shares? I mean, the DOW for example, if a stock splits does that price drop (not taking into account twice as many shares) show in the dow or is it adjusted for the shares, and therefore the Index goes unchanged. If someone knows the logistics, that would be much appreciated Something I have been toying with.. Thanks Chris - - ------------------------------ Date: Tue, 05 Jan 1999 22:58:12 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Index - Calculating At 22:23 1/5/99 EST, Eatstock@aol.com wrote: >Could some one please help me with this question? > >are indexes weighted based on outstanding shares? Yes. > I mean, the DOW for >example, if a stock splits does that price drop (not taking into account twice >as many shares) show in the dow or is it adjusted for the shares, and >therefore the Index goes unchanged. The Index goes unchanged as the divisor is recomputed based on the new distributions of capitalization. When this happens, Barrons weekly publishes the new divisor. Other publications may also publish the new divisor, I can't say which ones. The current published divisors are 0.24275214, 0.24084679, 2.0859524 and 1.2674905 for the DJ Industrials, Transportation, Utility and Composite averages. > If someone knows the logistics, that >would be much appreciated > >Something I have been toying with.. > >Thanks >Chris > Regards, Frank Wolynski - - ------------------------------ Date: Tue, 5 Jan 1999 21:01:57 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Index - Calculating From: Eatstock@aol.com Date sent: Tue, 5 Jan 1999 22:23:32 EST > are indexes weighted based on outstanding shares? I mean, the DOW for > example, if a stock splits does that price drop (not taking into account twice I know very little about this, except that the Dow is price weighted, and the S&P is cap weighted. If a stock splits, there is a multiplier for the Dow calculation that is used, and it is adjusted. - - ------------------------------ Date: Tue, 5 Jan 1999 21:04:08 -0800 From: "Patrick Wahl" Subject: [CANSLIM] market predections Someone who uses cycles in a pretty sophisticated manner has a market analysis at - http://www.sciapp.com/tradelab/fft.html - - ------------------------------ Date: Wed, 06 Jan 1999 08:54:17 -0500 From: Connie Mack Rea Subject: [CANSLIM] Technical Stuff [Connie Mack] For those still holding MU, you would not be remiss to take some margin of your profit. I sold 1/3 of my position at yesterday's close. I will sell another 1/3 if MU reaches its most recent high, which is now its overhead resistance. I will, however, be ready to re-buy MU after I have seen its first 30 minute action. There is not much distance between yesterday's close and the recent high. Trade carefully. The most difficult move for a trader is to repurchase a position sold only a few hours earlier. I will be looking closely at AMD. Its MF is not positively divergent, but nevertheless strong; OBV is, however, positively divergent. AMD is one of those stocks on which I am relaxing my OBV/MF criteria. I have traded the stock for the past three months and just have a feel for its action. Be careful about entering market orders. You can receive a flat-line surprise at elevated fills. Too, I have been watching ADPT and will try to initiate a modest position. Remember that the most sophisticated trader/investor usually does not make his move until he has looked at the opening minutes of trading. Greed is the superlative leveller. Don't concern yourself about getting in at the bottom or out at the top, which is a metaphor for don't be greedy. The real money is made by taking pieces out of the wide middle. Now is an opportune time to look at those stocks that haven't performed as you had hoped. Ease out of them and look for better rides even if you've none in mind. Have some cash on hand. Connie - - ------------------------------ End of canslim-digest V2 #492 ***************************** 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.