From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #561 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, March 23 1999 Volume 02 : Number 561 In this issue: [CANSLIM] Technical stuff. [Connie Mack] [CANSLIM] RE: ADOBE Re: [CANSLIM] Followup on DELL and NOVL {Connie Mack] [CANSLIM] Fear/Greed Re: [CANSLIM] Followup on DELL and NOVL {Connie Mack] Re: [CANSLIM] Adobe Re: [CANSLIM] Fear/Greed [CANSLIM] Greetings Re: [CANSLIM] Greetings Re: [CANSLIM] Greetings RE: [CANSLIM] Greetings Re: [CANSLIM] Adobe Re: [CANSLIM] Greetings [CANSLIM] Trendlines [the Psychotic type] [Connie Mack] Re: [CANSLIM] Trendlines [the Psychotic type] [Connie Mack] ---------------------------------------------------------------------- Date: Mon, 22 Mar 1999 11:15:07 -0500 From: Connie Mack Rea Subject: [CANSLIM] Technical stuff. [Connie Mack] Should you be working with DELL, or any other stock, on very short term, a pretty reliable indicator is the MACD intraday on BigCharts. E.g., the MACD has given a good turn around on DELL at 37.5 or so. Be sure you understand what the MACD is [does]. For several essays on MACD and other indicators, see this site: http://clearstation.com Connie Mack - - ------------------------------ Date: Mon, 22 Mar 1999 11:51:13 -0500 From: "Dave Rubin" Subject: [CANSLIM] RE: ADOBE > PageMaker, which Adobe acquired from Aldus (bought them out, if I > recall), has been QuarkExpress's chief competitor all along. PageMaker is much more lightweight than Quark and never really offered serious competition. It just isn't up to the task of large-scale publishing. Adobe will stop marketing PageMaker to high-end users and instead will push InDesign hard. > However, this field is not exploding on the scene. It is well > established, continuously evolving, very competitive, and huge. Yes, very huge. And Quark has a near monopoly. This is why they tried a hostile bid for Adobe a few months back -- they were afraid of InDesign. The system requirements are not an issue, since most Quark users already have really fast machines with gobs of RAM. It will be difficult for Adobe to penetrate the Quark market since users will be resistant to change. But if InDesign is truly leaps ahead of Quark, it may win out. Remember, when Microsoft Excel was first introduced, nobody thought it would dethrone the overwhelming market leader. But it leapfrogged Lotus 1-2-3 and before long Excel had nearly monopolized the market. We'll have to wait and see what the market thinks. ADBE is pulling back as we speak, so Friday's breakout may not hold after all... - - ------------------------------ Date: Mon, 22 Mar 1999 13:29:31 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Followup on DELL and NOVL {Connie Mack] I find your analysis of DELL very strange. I dumped out today when it violated that support, which was rather strong, since it was tested for two weeks and not broken. According to the analysts Dell is going into a period of earnings deceleration, not exactly what one expects for the high flying techs and certainly not encouraging enough to sustain the price. IMHO the drop was inevitable following the chain of dissapointing forecasts & results from chips (INTC) to parts (MU, CSCO, IBM) to boxes (CPQ, GTW). I kick myself for not dumping the day of the earnings announcement. I think it is headed for a long base in the 30's unless some excellent news moves it up again. For me it's time to take my 20% profit and move on, although it will stay on my watch list along with the other former high flying techs - CSCO INTC and LU. I'm surprised you don't trade AOL - it's had so many 5-10 point days it's almost getting boring. (NOT!) On 07:59 AM 3/22/99 , Connie Mack Rea Said: >DELL reached my low of lows at 37.5-,75. I have taken a small position >and will be buying at 3/8s increments up to 39. > >NOVL did take a bump up. Would stay here. I know that three members >are up almost seven points. Hold on and enjoy the ride. > >Connie Mack > 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, 22 Mar 1999 22:43:53 +0100 From: Johan Van Houtven Subject: [CANSLIM] Fear/Greed Network Solutions (NSOL) fell 43 1/4 to 244 3/4 after trading as high 307 1/2. Take a look at the intraday chart of NSOL for a good example of what fear and greed can do to you: http://www.tscn.com/wsc/Corporate_Snapshot.html?Timespan=10&TSym=nsol A lot of other (not all!) internets fell hard the last 45 minutes. An example of "spreading panic". Johan - - ------------------------------ Date: Mon, 22 Mar 1999 18:51:56 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] Followup on DELL and NOVL {Connie Mack] Tim-- Don't disagree with your comment at all--other than to say that I've traded DELL for quite a while [along with MU and NOVL]. MU and NOVL have done quite well for me. I've got a thing going with DELL. I'm pretty well situated with DELL with a couple of positions averaging me out 37.6. I said that it wasn't for the inexperienced or faint-of-heart. A bit of a bounce is in order. When it bounces, so will I. Thanks for the note. Connie Tim Fisher wrote: > I find your analysis of DELL very strange. I dumped out today when it violated > that support, which was rather strong, since it was tested for two weeks and > not broken. According to the analysts Dell is going into a period of earnings > deceleration, not exactly what one expects for the high flying techs and > certainly not encouraging enough to sustain the price. IMHO the drop was > inevitable following the chain of dissapointing forecasts & results from chips > (INTC) to parts (MU, CSCO, IBM) to boxes (CPQ, GTW). I kick myself for not > dumping the day of the earnings announcement. I think it is headed for a long > base in the 30's unless some excellent news moves it up again. For me it's time > to take my 20% profit and move on, although it will stay on my watch list along > with the other former high flying techs - CSCO INTC and LU. I'm surprised you > don't trade AOL - it's had so many 5-10 point days it's almost getting boring. > (NOT!) > > On 07:59 AM 3/22/99 , Connie Mack Rea Said: > >DELL reached my low of lows at 37.5-,75. I have taken a small position > >and will be buying at 3/8s increments up to 39. > > > >NOVL did take a bump up. Would stay here. I know that three members > >are up almost seven points. Hold on and enjoy the ride. > > > >Connie Mack > > > > 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, 22 Mar 1999 18:48:40 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] Adobe Peter, Did you buy it today, it was as low as 51 7/8. I'm thinking about buying it tomorrow (Tuesday). Ciao, rolatzi - ---Peter Newell wrote: > > The stock showed up two days ago, and I'm still kicking myself great chart > pattern, I'd buy it if it settles a little. > > Peter Newell > www.betterbackups.com > > -----Original Message----- > From: Patrick Wahl > To: canslim@lists.xmission.com > Date: Friday, March 19, 1999 7:59 PM > Subject: Re: [CANSLIM] Adobe > > > From: musicant@autobahn.org (Dan Musicant) > To: canslim@lists.xmission.com > > > It's no secret that Adobe has been one of the top players in graphics > > software for years, and I'd have to characterize them as the best > > positioned player in the market with their high end industry standard > > digital format "PostScript". They are the Microsoft of the graphics > > world. That spells "L". > > Also, I got the following from a Reuters news story yesterday, and I > think this constitutes N. > > "Adobe has now strung together two strong quarters following a > reorganization begun last August that included 300 job cuts, or > about 10 percent of its work force. Sales of its Acrobat, PhotoShop > and Illustrator software paced results, while cost controls helped > boost net income." > > > > - > > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Mar 1999 02:54:40 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Fear/Greed On Mon, 22 Mar 1999 22:43:53 +0100, you wrote: :Network Solutions (NSOL) fell 43 1/4 to 244 3/4 after trading as high = 307 :1/2.=20 : :Take a look at the intraday chart of NSOL for a good example of what = fear :and greed can do to you: : :http://www.tscn.com/wsc/Corporate_Snapshot.html?Timespan=3D10&TSym=3Dnso= l : :A lot of other (not all!) internets fell hard the last 45 minutes. An :example of "spreading panic". : : : :Johan That chart is pretty scary. Tomorrow NSOL's 2 for 1 split takes place. Here's the story: http://biz.yahoo.com/rf/990322/bcr.html Dan - - ------------------------------ Date: Mon, 22 Mar 1999 22:59:20 -0600 From: Dave Cameron Subject: [CANSLIM] Greetings Well... there's an innocuous header for you (on the title of this message). I was trying to think of how to start this. See... about 5 months ago, I decided that I was going to give up this trading/investing in stocks idea. I even sent a message to the group that I thought this was (and is) the best forum I've found on the internet - but I've been seriously trailing the market since my daughter (now almost 3) has wanted to spend lots of time with me (reducing my time in the market). Hence, I dropped out of investing for 5 months. OK... so what's going on. Well, I'm back, but not quite in the active mode as before. I've parceled out 1/2 hour for reading IBD before work, and 1/2 hour to scan stocks at night after she goes to bed. Then... weekends are a "play by ear". In addition, I am putting in hard stops. This will mean that I'll miss a lot of good stocks - but that's OK. I don't have to be fully invested. If it doesn't work... well, I'll find out soon. So... I'm keeping my daughter as highest priority, but investing in individual stocks as a "hour a day" time block. Anyway, good to "see" you all again. And for those who haven't yet met me... "greetings". All right.... but that wasn't what you wanted to hear. Here are my thoughts. ADBE could well be a breakout. No real CANSLIM reason not to buy. If it falls back to 49 - you're out with a small loss. If it keeps going, you're making money. In addition, a couple of other recent breakouts: I got my feet wet again with NMR. Broke out at a hair over 20 late last week. Really climbed to 25 - and is back under 22. But, still above the base high. NMR only has an EPS of 53 - but its tricky because it was a spinoff of a larger company. Other breakout is HHS. HHS was in a nice base - broke out on Friday. IBD shows an EPS and RS of over 80. Hit new high. Don't know why its not on the screening list - maybe I read something wrong. That's my read on it. I hope to continue learning and contributing. I used to spend hours on this list, with some lengthy posts (like this...). But that won't happen for a while. I've taken the pressure off by trading real small. I'm hoping it keeps the skills active until my daughter is older. I did real well before she was born - just not as well after.... Thanks for all the kind comments. Dave Cameron dfcameron@ameritech.net - - ------------------------------ Date: Tue, 23 Mar 1999 06:13:16 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Greetings Welcome back, Dave I must agree with your priorities, your daughter comes first. Maybe in a few years you can share some time together reading her IBD? Not sure which screening list you refer to, but HHS did make DGO's new high list that I snip and post. Current # are RS 83, EPS 88. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Dave Cameron To: canslim Date: Tuesday, March 23, 1999 12:01 AM Subject: [CANSLIM] Greetings Well... there's an innocuous header for you (on the title of this message). I was trying to think of how to start this. See... about 5 months ago, I decided that I was going to give up this trading/investing in stocks idea. I even sent a message to the group that I thought this was (and is) the best forum I've found on the internet - but I've been seriously trailing the market since my daughter (now almost 3) has wanted to spend lots of time with me (reducing my time in the market). Hence, I dropped out of investing for 5 months. OK... so what's going on. Well, I'm back, but not quite in the active mode as before. I've parceled out 1/2 hour for reading IBD breakout is HHS. HHS was in a nice base - broke out on Friday. IBD shows an EPS and RS of over 80. Hit new high. Don't know why its not on the screening list - maybe I read something wrong. - - ------------------------------ Date: Tue, 23 Mar 1999 04:31:53 -0800 (PST) From: TM Subject: Re: [CANSLIM] Greetings "I've parceled out 1/2 hour for reading IBD before work, and 1/2 hour to scan stocks at night after she goes to bed." Welcome back. What do you look at in this 1/2 hour in the IBD? I'm guessing top ten, business news, market page, editorial. Do you find utility in "Where the Money is Flowing?" TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Mar 1999 08:26:39 -0500 From: "Russell, Ron" Subject: RE: [CANSLIM] Greetings Dave, If you are referring to my "Weekly Stock List", HHS is not there because the Group RS is only 46 per DGO. Ron -----Original Message----- From: Tom Worley [mailto:stkguru@netside.net] Sent: Tuesday, March 23, 1999 6:13 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Greetings Welcome back, Dave I must agree with your priorities, your daughter comes first. Maybe in a few years you can share some time together reading her IBD? Not sure which screening list you refer to, but HHS did make DGO's new high list that I snip and post. Current # are RS 83, EPS 88. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- From: Dave Cameron To: canslim Date: Tuesday, March 23, 1999 12:01 AM Subject: [CANSLIM] Greetings Well... there's an innocuous header for you (on the title of this message). I was trying to think of how to start this. See... about 5 months ago, I decided that I was going to give up this trading/investing in stocks idea. I even sent a message to the group that I thought this was (and is) the best forum I've found on the internet - but I've been seriously trailing the market since my daughter (now almost 3) has wanted to spend lots of time with me (reducing my time in the market). Hence, I dropped out of investing for 5 months. OK... so what's going on. Well, I'm back, but not quite in the active mode as before. I've parceled out 1/2 hour for reading IBD breakout is HHS. HHS was in a nice base - broke out on Friday. IBD shows an EPS and RS of over 80. Hit new high. Don't know why its not on the screening list - maybe I read something wrong. - - - ------------------------------ Date: Tue, 23 Mar 1999 08:38:23 -0800 From: "Peter Newell" Subject: Re: [CANSLIM] Adobe Not yet, noticed it's active in premarket trading today. I'm keeping my eye on it. Peter - -----Original Message----- From: rolatzi To: canslim@lists.xmission.com Date: Monday, March 22, 1999 6:49 PM Subject: Re: [CANSLIM] Adobe > >Peter, > >Did you buy it today, it was as low as 51 7/8. I'm thinking about >buying it tomorrow (Tuesday). >Ciao, >rolatzi > > >---Peter Newell wrote: >> >> The stock showed up two days ago, and I'm still kicking myself great >chart >> pattern, I'd buy it if it settles a little. >> >> Peter Newell >> www.betterbackups.com >> >> -----Original Message----- >> From: Patrick Wahl >> To: canslim@lists.xmission.com >> Date: Friday, March 19, 1999 7:59 PM >> Subject: Re: [CANSLIM] Adobe >> >> >> From: musicant@autobahn.org (Dan Musicant) >> To: canslim@lists.xmission.com >> >> > It's no secret that Adobe has been one of the top players in >graphics >> > software for years, and I'd have to characterize them as the best >> > positioned player in the market with their high end industry >standard >> > digital format "PostScript". They are the Microsoft of the graphics >> > world. That spells "L". >> >> Also, I got the following from a Reuters news story yesterday, and I >> think this constitutes N. >> >> "Adobe has now strung together two strong quarters following a >> reorganization begun last August that included 300 job cuts, or >> about 10 percent of its work force. Sales of its Acrobat, PhotoShop >> and Illustrator software paced results, while cost controls helped >> boost net income." >> >> >> >> - >> >> >> >> >> - >> >> > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > - - ------------------------------ Date: Tue, 23 Mar 1999 08:44:04 -0800 From: "Peter Newell" Subject: Re: [CANSLIM] Greetings Dave, Welcome back. Teach your daughter to read charts my two 6 and 8 have excellent track records. My youngest glanced at CTL and WAT a few months ago and said WOW those look good. There're still going up. The oldest likes HD and LLY. Peter Newell >Well... there's an innocuous header for you (on the title of this >message). I was trying to think of how to start this. See... >about 5 months ago, I decided that I was going to give up this >trading/investing in stocks idea. I even sent a message to the >group that I thought this was (and is) the best forum I've found >on the internet - but I've been seriously trailing the market >since my daughter (now almost 3) has wanted to spend lots of time >with me (reducing my time in the market). Hence, I dropped out >of investing for 5 months. - - ------------------------------ Date: Tue, 23 Mar 1999 09:58:46 -0500 From: Connie Mack Rea Subject: [CANSLIM] Trendlines [the Psychotic type] [Connie Mack] A modestly interesting piece on trendlines can be seen at: http://www.trading-ideas.com/ Look at the March 21 article "Technical Analysis." At the end of the article there is a bibliography with several good readings on technical indicators. Learn to navigate this site. Has some good technical items and stock ideas along with MoneyFlow. MU [and AT&T] has showed good MF recently; there is an article in the March 21 entry. Connie Mack - - ------------------------------ Date: Tue, 23 Mar 1999 20:21:25 -0800 From: thy@worldnet.att.net Subject: Re: [CANSLIM] Trendlines [the Psychotic type] [Connie Mack] Thank You Connie for directing to a very good side. I see MoneyFlow on my charts and Big Charts as going down(negative) for T & MU. Am I missing something here ? Also how it is determined that money flow is thru institutions or individuals ? Your guidance would be appreicated. Talib At 09:58 AM 3/23/99 -0500, you wrote: >A modestly interesting piece on trendlines can be seen at: > > http://www.trading-ideas.com/ > >Look at the March 21 article "Technical Analysis." > >At the end of the article there is a bibliography with several good >readings on technical indicators. > >Learn to navigate this site. Has some good technical items and stock >ideas along with MoneyFlow. MU [and AT&T] has showed good MF recently; >there is an article in the March 21 entry. > >Connie Mack > > >- > > - - ------------------------------ End of canslim-digest V2 #561 ***************************** 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.