From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #562 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, March 25 1999 Volume 02 : Number 562 In this issue: [CANSLIM] Greetings Re: [CANSLIM] Greetings [CANSLIM] 1/2 hour of IBD [CANSLIM] State of the 'M' (NASDAQ) [CANSLIM] Size of company Re: [CANSLIM] Trendlines [the Psychotic type] [Connie Mack] [CANSLIM] Canslim and a down market. [Connie Mack] Re: [CANSLIM] Canslim and a down market. [Connie Mack] Re: [CANSLIM] Canslim and a down market. [Connie Mack] [CANSLIM] DELL ;Connie Mack] [CANSLIM] ADBE and Market action Re: [CANSLIM] Canslim and a down market. [Connie Mack] Re: [CANSLIM] Canslim and a down market. [Connie Mack] [CANSLIM] Today's Durable Goods Report [CANSLIM] Pitbull Investor [CANSLIM] A few stocks Re: [CANSLIM] ADBE and Market action Re: [CANSLIM] Canslim and a down market. [Connie Mack] Re: [CANSLIM] ADBE and Market action [CANSLIM] ctl Re: [CANSLIM] ctl ---------------------------------------------------------------------- Date: Wed, 24 Mar 1999 06:25:16 -0600 (CST) From: mckeen@ix.netcom.com Subject: [CANSLIM] Greetings Dave, Welcome back! Really, really good to know we'll be hearing from you occasionally. Thanks for your message. Regards, Mary - - ------------------------------ Date: Wed, 24 Mar 1999 12:31:00 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Greetings Hi Dave, Good luck in your tackling equity investing directly (non-fund) again. I seem to remember your recent lack of success being associated with an attachment to small caps over large caps. May I suggest you abandon that until the small caps revive, whenever that is. It may not be for 5 years, who knows? Dan - - ------------------------------ Date: Wed, 24 Mar 1999 06:57:43 -0600 From: Dave Cameron Subject: [CANSLIM] 1/2 hour of IBD In my half-hour of IBD, I look at the following: 1. Front Page - often read one of the "articles". 2. U.S. Economy or Trends (occasionally). 3. Bus & Econ only if something catches my eye. 4. Leaders & Success only if the topic interests me. 5. Investor's Corner 6. The New America - only if there is a company on my watch list. 7. Where the Big Money's Flowing (always). 8. A look at the stocks I own or am watching. I generally don't read the editorials, or the computer & tech stuff, nor a lot of the international news. I had to set some priorities. On weekends only I look at the Mutual Fund section. Dave - - ------------------------------ Date: Wed, 24 Mar 1999 14:00:46 +0100 From: Johan Van Houtven Subject: [CANSLIM] State of the 'M' (NASDAQ) High volume reversal on Friday 19/3. It wasn't a "clear" signal since it was a triple witching day. And on such a day the volume can be abnormally high. We did break a short term trendline (connecting lows of 03/03, 03/15 and 03/18) that day. Next trading day Monday, 03/22, down on lower volume. After a potential top. This can be normal. Many internet leaders where down hard in the last hour of trading on Monday 03/22. On Tuesday, 03/23 down hard on higher volume. This confirms a potential top. We also dropped back below the middle point of the 'W'. Investor sentiment has been very bullish for a LONG time now. No matter which index chart I look at, things look bearish to me for now. Just for fun: First halt: 2150 area. Max. downside short term: 2030 area. P.S.: Sorry for interrupting the 'silence' here... Johan - - ------------------------------ Date: Wed, 24 Mar 1999 07:11:41 -0600 From: Dave Cameron Subject: [CANSLIM] Size of company One poster (Dan Musicant) remembered that one of the reasons I did well prior to my daughter's birth, but not so well after is my preference for small caps. I decided this is important enough to post a well-thought out message. I am no longer convinced that the size of the company makes a big difference for the short-term. My earliest successes were all with small caps. However, my most recent success was a large cap. I should point out that in both my edition of HTMMIS and the O'Neil tapes that I have, WON mentions (both in the 'S' and the 'I' part) a couple of things. He says that you want the stock to be big enough to have institutional sponsorship, but not so big that it can't move a lot. He also says that most of his biggest successes were those with less than 30 million shares outstanding. He goes on to say that you can make money in the bigger caps, but you have to be more patient. I've heard and read WON's advice on this 20+ times. In addition, David Ryan says (on the same tapes) that he's had his best success with stocks that have between 5 and 20% institutional sponsorship. This usually is more common in small caps than big caps. However, Dan is correct. I would have done better just plopping all my money into the 5 biggest stocks in the S&P 500 over the last 3 years than any other strategy. I suspect this can't continue indefinitely. So, I am buying and selling regardless of size. But, I will have faster exit points on the upside for big caps than small caps. I believe that my best success at CANSLIM was in '93-'95 when out of 10 stocks, 5 would go down. I'd make about 10% on 4. Then the 10th stock would double. That "10th" stock was always a small cap - so I felt this was confirming O'Neil's and Ryan's experience. In the past couple of years, had I bought any, the large cap would have been the doubler. To me, this seriously degrades 'I' and 'S'. So forget MANSLIC, make it MANLCSI ;-) Finally, Dan, thanks for the suggestion. Any approach to the market has to be flexible - but I don't think that what we are practicing is CANSLIM when we buy the DELL, MSFT, etc. of the world... maybe CANLIM. Dave - - ------------------------------ Date: Wed, 24 Mar 1999 09:03:46 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] Trendlines [the Psychotic type] [Connie Mack] Morning Talib-- [Answer to your first point.] Believe I was talking about DELL when I said that MF was holding up [positive divergence] against price decline. [Answer to second point.] On BC, there is no way to distinguish between large and small MF. However, there is on http://www.trading-ideas.com where large blocks of MF are distinguished. Too, somewhere I have seen another site that distinguished between large and small blocks. I'm thinking. Will post when I recall. Thanks for the note. Connie thy@worldnet.att.net wrote: > 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 > > > > > >- > > > > > > - - - ------------------------------ Date: Wed, 24 Mar 1999 10:57:55 -0500 From: Connie Mack Rea Subject: [CANSLIM] Canslim and a down market. [Connie Mack] The near disappearance of mail implies that the present market stanches Canslim followers. Now might be a good time to re-examine Canslim criteria. Is there a reason why Canslim is not attuned to declining markets? Perhaps its conjunction with some other criteria would improve performance. To me, timing has always been a place where improvement might lie. Timing, however, is primary to any system. What makes timing so essential is that Canslim, by its fundamental nature, is late to enter and late to exit. To say this is not to set it aside for criticism. All long term strategies are probably so affected. Does the members' reticence imply that they are incurring losses for which they have no short term strategy available to protect gains or, at least, to minimize losses? About the only event that reduces comment on financial sites is loss of capital. That this is so implies that trading and investing has a large and emotional side. A stock that has a classic base pattern along with positive divergence in MF and OBV is UPR. Remember that, as a trader, I am indifferent to most criteria that is most importance to Canslim. UPR just happens to be a stock in which I see some chance to profit. Remember, too, that on occasion a stock that meets my criteria appears in conjunction with one meeting Canslim's. UPR might be called a conservative trader's stock. Others, I am sure, don't see it as a trading stock at all; they may see it as a good investment long term. It does not have the rocket volatility of, say, DELL or MU, which I trade most. By my indicators [i.e., my 3/7/10 EMA, etc.], say it is a bit late to get an early short term profit , but the strength of this classic basing pattern ought to be good for swing trading [3 to 10 days] or what might be called "indicator trading." Indicator trading does not forbid day trading or swing trading, but one enters a trade most often using short term indicators then switches to longer term [a trader's longer term] for exit. There's no reason why one can't enter with a short term indicator and switch to a Canslim long term. [One can err here by using such a long term indicator that profits are quickly lost--as in the present market.] This indicator strategy, which I have used, carries an inherent holding aspect that day trading need not, but may, have. I.e., I can enter a day trade with the intent of using rocket indicator settings and rocket exit settings. Such practice may get me in and out in an hour or a day. But I have no qualms about holding overnight--though pure day traders find the practice anathema. If a price close seems strong [along with the market], I hold. The axiom is this: Cut losses short. Let profits run. A beautiful axiom, but one that is amenable to several readings. One reading is that above: Enter using rocket indicator settings and exit using much relaxed settings. How one determines these different settings is personal. E.g., I often use a MACD of 8/17/9 to buy and 12/25/9 to sell. Also, some stocks just seem to have their own adherence for certain settings. When I say that NOVL and I have been friends for a long time, I am saying, in part, that I jigger with my settings when buying and selling. One member thought that I had a strange reading on DELL [I think]. Probably so. But DELL and I are almost friends. One might think that the way to play DELL, or MU, in this market would be to short. There is, however, another way to play a stock. Know it well enough to play it long in a down market. Trade with the intent of a point or less rather than going short. You have to be friends with a stock to play long in a declining market. Connie - - ------------------------------ Date: Wed, 24 Mar 1999 08:28:51 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Canslim and a down market. [Connie Mack] Speaking for myself, I was at an all-time high on my holdings on Friday, so I do not see a significant "down market" developing quite yet. I have a cushion of about 5% of my capital which I am prepared to lose while things shake out, and IMHO it's about time the DOW caught up with reality (or the NASDAQ, whichever you believe) and stopped making new highs for no good reason. The only holding that hit my stops was DELL, and the rest are far above support levels, esp. AOL which could come down another 30 or so before it hits any real support. So I'm not worried about this market, but of course having had 1.5 market top signals (or two, depending on how you look at it), I'm not buying anything with my cash. I cashed out on some 401k funds, miraculously at or very near their highs, and will hold the cash until the next buy signal. As for DELL I think it is neither a long or a short right now. If you look at the charts of DELL INTC CSCO LU you see they are remarkably similar, all below their 50 dma's but not deviating significantly from them (except DELL & I attribute that to panic & think it's going to get back up to the 50 and soon), and I don't think there is either up or downside potential to any of them until the chip/board/box picture clears up. P.S. I haven't posted my Killer CASLI scan results because with the exception of HH they are all performing miserably or are coming down out of breakouts. When I get the time I'm going to loosen the scan criteria and put a floor of 30 million shares out on it since I am totally convinced that small caps have no hope of recovering back to CANSLIM levels in intermediate term. Also I haven't seen boo for comment on the wonderful A/D data being posted to the group, don't have your name handy but thanks for the effort, it has convinced me of the severe lack of breadth of this latest advance like no other commentary/analysis. Gotta go freeze at the beach now, bye! At 10:57 AM 3/24/99 -0500, you wrote: >The near disappearance of mail implies that the present market stanches >Canslim followers. Now might be a good time to re-examine Canslim >criteria. Is there a reason why Canslim is not attuned to declining >markets? Perhaps its conjunction with some other criteria would improve >performance. > >To me, timing has always been a place where improvement might lie. >Timing, however, is primary to any system. What makes timing so >essential is that Canslim, by its fundamental nature, is late to enter >and late to exit. To say this is not to set it aside for criticism. >All long term strategies are probably so affected. > >Does the members' reticence imply that they are incurring losses for >which they have no short term strategy available to protect gains or, at >least, to minimize losses? About the only event that reduces comment >on financial sites is loss of capital. That this is so implies that >trading and investing has a large and emotional side. > >A stock that has a classic base pattern along with positive divergence >in MF and OBV is UPR. Remember that, as a trader, I am indifferent to >most criteria that is most importance to Canslim. UPR just happens to >be a stock in which I see some chance to profit. Remember, too, that on >occasion a stock that meets my criteria appears in conjunction with one >meeting Canslim's. > >UPR might be called a conservative trader's stock. Others, I am sure, >don't see it as a trading stock at all; they may see it as a good >investment long term. It does not have the rocket volatility of, say, >DELL or MU, which I trade most. By my indicators [i.e., my 3/7/10 EMA, >etc.], say it is a bit late to get an early short term profit , but the >strength of this classic basing pattern ought to be good for swing >trading [3 to 10 days] or what might be called "indicator trading." >Indicator trading does not forbid day trading or swing trading, but one >enters a trade most often using short term indicators then switches to >longer term [a trader's longer term] for exit. There's no reason why one >can't enter with a short term indicator and switch to a Canslim long >term. [One can err here by using such a long term indicator that >profits are quickly lost--as in the present market.] > >This indicator strategy, which I have used, carries an inherent holding >aspect that day trading need not, but may, have. I.e., I can enter a >day trade with the intent of using rocket indicator settings and rocket >exit settings. Such practice may get me in and out in an hour or a >day. But I have no qualms about holding overnight--though pure day >traders find the practice anathema. If a price close seems strong >[along with the market], I hold. > >The axiom is this: Cut losses short. Let profits run. A beautiful >axiom, but one that is amenable to several readings. One reading is >that above: Enter using rocket indicator settings and exit using much >relaxed settings. How one determines these different settings is >personal. E.g., I often use a MACD of 8/17/9 to buy and 12/25/9 to >sell. Also, some stocks just seem to have their own adherence for >certain settings. When I say that NOVL and I have been friends for a >long time, I am saying, in part, that I jigger with my settings when >buying and selling. > >One member thought that I had a strange reading on DELL [I think]. >Probably so. But DELL and I are almost friends. One might think that >the way to play DELL, or MU, in this market would be to short. There >is, however, another way to play a stock. Know it well enough to play >it long in a down market. Trade with the intent of a point or less >rather than going short. You have to be friends with a stock to play >long in a declining market. > >Connie > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 24 Mar 1999 15:26:35 EST From: CA011667@aol.com Subject: Re: [CANSLIM] Canslim and a down market. [Connie Mack] Dear Connie, I wrote you a couple a weeks ago for a tech analysis on CANSLIM canadate CMED EPS 99 RS 83. The stock has been basing for about 8 weeks and seems to have good support at 11.00. The stock was pressured yesterday as two institutions swaped shares, the block consisted of 550,000.It has held support today on low volume.This is my largest holding and I would like to keep it that way as they continue to revise estimates upward and they have a new product ready for FDA approval.I know this is a tough market for small caps, but The tide will have to turn soon.Can you please give me your current tech breakdown.Thanks for your time.Chris. - - ------------------------------ Date: Wed, 24 Mar 1999 15:57:43 -0500 From: Connie Mack Rea Subject: [CANSLIM] DELL ;Connie Mack] I have traded DELL twice today. I will carry my positions overnight. Connie - - ------------------------------ Date: Wed, 24 Mar 1999 20:34:18 -0000 From: "Marc Laniado" Subject: [CANSLIM] ADBE and Market action Is ADBE above 5-10% from its base? Too late to buy?? OK still? Is the Market inappropriate to buy now??? "Adobe is hoping a restructuring effort and the impending introduction of its InDesign publishing package (labeled a "Quark-killer" by industry observers) will spur sales and accelerate its product growth track record" Is this the 'N' Marc Marc E Laniado marclaniado@msn.com begin 666 Marc Elie Laniado.vcf M0D5'24XZ5D-!4D0-"DXZ3&%N:6%D;SM-87)C.T5L:64-"D9..DUA Subject: Re: [CANSLIM] Canslim and a down market. [Connie Mack] Evening Chris-- Because you wrote me through the site, I guess you did not intend me to answer privately. CMED is a strange looking stock. I can't find a single precise indicator [3/7/10 EMA, Stochastic, etc.] that looks decent. Yet, I see that MF and OBV [gross indicators] have positive divergence over the last few months; just the last few days have they broken down. Technically, there is nothing short term deserving praise. That you may believe, and perhaps even be right, that 11 is support, I worry that you've so much allotted to a single stock. Am I right to infer that you're looking for a reason to buy more CMED? Wait for the 3/7/10 EMA, SloSto, and MACD to turn before you add to your position. Thanks for the mail. Connie CA011667@aol.com wrote: > Dear Connie, > > I wrote you a couple a weeks ago for a tech analysis on CANSLIM canadate CMED > EPS 99 RS 83. The stock has been basing for about 8 weeks and seems to have > good support at 11.00. The stock was pressured yesterday as two institutions > swaped shares, the block consisted of 550,000.It has held support today on low > volume.This is my largest holding and I would like to keep it that way as they > continue to revise estimates upward and they have a new product ready for FDA > approval.I know this is a tough market for small caps, but The tide will have > to turn soon.Can you please give me your current tech breakdown.Thanks for > your time.Chris. > > - - - ------------------------------ Date: Wed, 24 Mar 1999 20:12:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Canslim and a down market. [Connie Mack] Hi Connie, Over the years, I have seen a number of brokers attempt to apply CANSLIM in what they perceived as a bear mkt, or even in a true bear mkt. By and large, they were usually wrong in anything but a true bear mkt extended in duration to the point that everyone accepted it really was a bear mkt. In both cases they were attempting to short stocks using a reverse mirror of CANSLIM. On the other hand, I have never found CANSLIM to be practical for either remaining fully invested all the time, or for short term trading. For those that seek that, they must choose the times carefully that they use CANSLIM, and have other trading or investing systems ready for other mkt conditions. Right now is not a favorable CANSLIM environment, IMHO. Breadth is sorely lacking, and volatility is still way too high. You are correct, CANSLIM is certainly "late to enter and late to exit", at least by standards of someone like yourself who is day trading. One of the keys to CANSLIM is that you enter or exit only after there is some confirmation of the correct entry/exit (e.g. a breakout on low volume doesn't confirm the entry, by the time the volume may confirm, the price may have already surpassed an upper price limit). One of the best arenas historically for me to apply CANSLIM has been the small caps. I beat the odds in 1998 even when the small caps were doing poorly. I am paying my dues in 1999, when they are doing even worse. I think part of the problem is that I stayed invested even when it really wasn't a good "CANSLIM" market, and esp after my work hours were so long that I couldn't dedicate the time and energy to doing my homework. Any member without a "selling strategy" needs to go back and read and study HTMMIS, there are far more rules on when to sell than there are on when to buy. And I'm the guiltiest of the guilty in this regard, now, if only I can find some time to reread HTMMIS again. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Connie Mack Rea To: canslim Date: Wednesday, March 24, 1999 11:00 AM Subject: [CANSLIM] Canslim and a down market. [Connie Mack] The near disappearance of mail implies that the present market stanches Canslim followers. Now might be a good time to re-examine Canslim criteria. Is there a reason why Canslim is not attuned to declining markets? Perhaps its conjunction with some other criteria would improve performance. To me, timing has always been a place where improvement might lie. Timing, however, is primary to any system. What makes timing so essential is that Canslim, by its fundamental nature, is late to enter and late to exit. To say this is not to set it aside for criticism. All long term strategies are probably so affected. Does the members' reticence imply that they are incurring losses for which they have no short term strategy available to protect gains or, at least, to minimize losses - - ------------------------------ Date: Wed, 24 Mar 1999 20:19:09 -0500 From: "Tom Worley" Subject: [CANSLIM] Today's Durable Goods Report Whoa, big drop, biggest in seven years. Even excluding the volatile Transportation sector, still a big drop below expectations. And January's report was also revised slightly lower. Full report below for those interested in reading. While one report, or even one month's worth of reports, doesn't set any trend, this is an important report on the manufacturing sector, esp when there are so many concerns over failing profitability. Tom W stkguru@netside.net ICQ # 5568838 08:35 AM ET 03/24/99 U.S. durable goods fall sharply in February WASHINGTON, March 24 (Reuters) - Orders for U.S. durable goods took their biggest tumble in more than seven years in February led by weak airplane demand, the government said on Wednesday, casting doubt on recent hints of a recovery in the battered manufacturing sector. Orders for sturdy items like planes, cars and machinery fell 5.0 percent to $191.83 billion, the Commerce Department reported. That followed a 3.3 percent rise in January that was previously reported as a 3.6 percent increase. Much of the latest month's weakness stemmed from the transpnt after rising 13.5 percent in January. Excluding the typically volatile transportation sector, durable goods orders declined 1.7 percent in February after a 0.1 percent rise in January. February's drop in overall orders broke a three-month string of increases and marked the steepest decline since orders fell 6.5 percent in December 1991. U.S. economists in a Reuters survey had expected February orders to fall by 2 percent, but predicted an increase of 0.3 percent excluding the transportation sector. ((Washington newsroom, +1 202 898-8310, fax +1 202 898-8383, washington.economic.newsroom@reuters.com) ) - - ------------------------------ Date: Wed, 24 Mar 1999 20:28:20 EST From: Davarm@aol.com Subject: [CANSLIM] Pitbull Investor I've seen the Pitbull investor mentioned a couple of times on the list, but I was wondering if anybody has any dirct experience with Mr. Ford's methodology. I just ordered the manual (possibly against my better judgement), and would be curious to know other opinions. Dave Armstrong davarm@aol.com - - ------------------------------ Date: Wed, 24 Mar 1999 20:28:17 -0800 From: "Patrick Wahl" Subject: [CANSLIM] A few stocks Here are a few stocks that have held up very well in the recent volatility, in case anyone needs a few for a watch list. All 4 of these are in a base at the moment, and hardly twitched in the last few weeks. Carnival Cruise Line (CCL) Capital One Financial (COF) Vitesse (VTSS) Office Depot (ODP) - - ------------------------------ Date: Wed, 24 Mar 1999 20:28:17 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] ADBE and Market action From: "Marc Laniado" To: "CANSLIM DISCUSSION LIST" > Is ADBE above 5-10% from its base? Too late to buy?? OK still? > Is the Market inappropriate to buy now??? I think Adobe is probably 6-8% above its base, which is about as far from the buy point as you want to go. The good thing is that of the last 4 days, the two up days had heavy volume, the two down days had lower volume. The recent market environment is also a concern. A couple of market gurus recently expressed continued optimism about the market, so perhaps this is just a pause, and things will continue to be favorable for stocks. I'm afraid this isn't a lot of help, I personally am positive on Adobe, think it is still within a buy zone. - - ------------------------------ Date: Wed, 24 Mar 1999 19:36:21 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] Canslim and a down market. [Connie Mack] Cris, If I may step in and give my HO, technically, the stock doesn't look very healthy. It just broke below its 50d MA two days ago ago, its 17d MA is pointing down, its 3d MA crossed over its 7 and 12d MA two days ago, its MACD is zero and decreasing. Todya it was down on very high volume. All of these signs are negative ones technically. Ciao,, Rich - --- CA011667@aol.com wrote: > Dear Connie, > > I wrote you a couple a weeks ago for a tech analysis on CANSLIM > canadate CMED > EPS 99 RS 83. The stock has been basing for about 8 weeks and > seems to have > good support at 11.00. The stock was pressured yesterday as two > institutions > swaped shares, the block consisted of 550,000.It has held > support today on low > volume.This is my largest holding and I would like to keep it > that way as they > continue to revise estimates upward and they have a new product > ready for FDA > approval.I know this is a tough market for small caps, but The > tide will have > to turn soon.Can you please give me your current tech > breakdown.Thanks for > your time.Chris. > > - > > _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Mar 1999 22:53:59 -0600 From: Dave Cameron Subject: Re: [CANSLIM] ADBE and Market action Marc Laniado wrote: > > Is ADBE above 5-10% from its base? Too late to buy?? OK still? > Is the Market inappropriate to buy now??? 10% would be 55 or so. I think it is not too late to buy - your downside is about 8%. Dave - - ------------------------------ Date: Thu, 25 Mar 1999 10:52:40 +0300 From: "David S. Pinhasik" Subject: [CANSLIM] ctl CTL was mentioned here recently as a good looking pick. They recently beat estimates and were added to the S&P 500. Yesterday it fell over 5% on 17X ADV. Yahoo did not have any newsbits. Any ideas what happened? - - ------------------------------ Date: Thu, 25 Mar 1999 08:48:28 -0800 From: "Peter Newell" Subject: Re: [CANSLIM] ctl It made the SP500 may explain the volume, otherwise I'd start selling. Seems that shooting stocks with good reports is in vogue now to. CTL is still within its base. I'd look for a bounce. Peter Newell - ----------------- Automated daily backups http://www.betterbackups.com - -----Original Message----- From: David S. Pinhasik To: canslim@lists.xmission.com Date: Thursday, March 25, 1999 12:57 AM Subject: [CANSLIM] ctl >CTL was mentioned here recently as a good looking pick. They recently beat >estimates and were added to the S&P 500. >Yesterday it fell over 5% on 17X ADV. >Yahoo did not have any newsbits. >Any ideas what happened? > > > >- > > - - ------------------------------ End of canslim-digest V2 #562 ***************************** 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.