From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #610 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 Monday, May 24 1999 Volume 02 : Number 610 In this issue: [CANSLIM] Wash-sale rule Re: [CANSLIM] Wash-sale rule [CANSLIM] short interest [CANSLIM] Seasons of the Market Re: [CANSLIM] Seasons of the Market [CANSLIM] Ebay's Growth (NOT CANSLIM!) [CANSLIM] Re: Where is Japan at CME futures website? [CANSLIM] Dell Re: [CANSLIM] Dell [CANSLIM] Stochastic trading system for the OSX. ---------------------------------------------------------------------- Date: Sun, 23 May 1999 18:14:19 GMT From: musicant@pacbell.net (Dan Musicant) Subject: [CANSLIM] Wash-sale rule I was reading an article in IBD (March 26) on online investing and came across a reference to this rule, which has to do with investing and the IRS. Can someone explain this? Thanks. Dan - - ------------------------------ Date: Sun, 23 May 1999 14:18:23 -0500 (CDT) From: "Robert Gammon" Subject: Re: [CANSLIM] Wash-sale rule Wash sales are defined as purchase of an identical stock, or even substantially similar, within 30 days of a sale that shows a loss. In such cases, the loss is is disallowed by the IRS. The loss adds to the basis of the new lot that you purchased. Note: the purchase may come up to 30 days BEFORE or AFTER the sale of the stock at a loss. This rule was instituted to handle the problem posed by people who sold stock at a loss in December, to report it as such n their tax returns, only to buy it back in a few days, once Jan 1 rolled around. Wash sale rules do not apply in retirement accounts, i.e. IRAs, 401(k), 403(k), SIMPLE, etc. since profits and losses in these accounts do not appear on our tax returns. Robert On Sun, 23 May 1999 18:14:19 GMT, Dan Musicant wrote: >I was reading an article in IBD (March 26) on online investing and came >across a reference to this rule, which has to do with investing and the >IRS. Can someone explain this? Thanks. > >Dan > > >- > > - - ------------------------------ Date: Sun, 23 May 1999 22:21:33 +0100 From: "Marc Laniado" Subject: [CANSLIM] short interest Dear Tom, Thank you for your explanation. Best wishes, Marc Marc E Laniado marclaniado@msn.com - - ------------------------------ Date: Sun, 23 May 1999 19:17:57 -0500 (CDT) From: mckeen@ix.netcom.com Subject: [CANSLIM] Seasons of the Market Tom, Thanks for the "big picture" "seasonal" influences on the market. I wonder, though, if this scenario hasn't changed a little with regular 401K contributions, the growth of on-line trading, as well as day traders. Mary - - ------------------------------ Date: Mon, 24 May 1999 00:11:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Seasons of the Market Since most 401 plans funnel cash each payday or month into various mutual funds, the increased use of 401 plans has tended to place a threshold in any corrections. Mutual funds, by definition, must generally remain invested on the long side, so as more more regularly flows in, they must keep buying. Increased online trading has definitely added to the volatility, as well as to day trding activity, but I don't believe it has affected mkt trends. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: mckeen@ix.netcom.com To: canslim@xmission.com Date: Sunday, May 23, 1999 8:19 PM Subject: [CANSLIM] Seasons of the Market Tom, Thanks for the "big picture" "seasonal" influences on the market. I wonder, though, if this scenario hasn't changed a little with regular 401K contributions, the growth of on-line trading, as well as day traders. Mary - - - - ------------------------------ Date: Mon, 24 May 1999 06:32:42 -0700 From: Tim Fisher Subject: [CANSLIM] Ebay's Growth (NOT CANSLIM!) I couldn't sleep this AM so I did so I did something typical for a statistical geek such as myself - I downloaded my eBay account history, and based on the cumulative number of items listed from last Sept through today, I get an almost perfect fit to an exponential growth function, with an R-squared of 0.996. This is kinda hard to believe, but the number of items listed, which stands at about 105 million today (was 32 million last Sept.), is projected to be about 680 million in May 2000 (at the current rate of growth). Now assuming any business can sustain this growth rate (and that is a _big_ assumption), and eBay's profits remain similar, isn't this a slam-dunk buy-and-hold stock? I know Kensey of Clearstation is thrilled with its performance, he recommends buying anytime it approaches the 50 DMA since it seems to never violate that average. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 24 May 1999 13:48:34 GMT From: musicant@pacbell.net (Dan Musicant) Subject: [CANSLIM] Re: Where is Japan at CME futures website? =46YI: Some of you may have noticed that Japan has been missing at: http://quote.yahoo.com/m2?u Some of you may also remember that it was not long ago that=20 United Kingdom FTSE 100 was also missing (it is not, nowadays). I emailed an inquiry a few days ago and got the following response. Dan - -------------------------------------------------------------------------= - ---- Hello Dan, Thank you for your email. We used to carry this index, but our content provider discontinued the feed. We are looking for a new source. We apologize for the temporary inconvenience. Thanks for using Yahoo!. Regards, Yahoo! Customer Care Original message follows:=20 - ------------------------- Hi people! Simple question: Until recently Japan's Nikei Index was among the Asian-Pacific countries whose indexes are reported at http://quote.yahoo.com/m2?u What has occurred that is causing this obviously important index to be missing nowadays? Thanks for your reply! Dan Musicant - - ------------------------------ Date: Sun, 23 May 1999 20:31:16 -0700 From: "Carol R. Reynolds" Subject: [CANSLIM] Dell I have owned Dell for about 4 months. Would you advise to sell or hold it longer. I was hoping it would come back up with the last earnings announcement. ___________________________________________________________________ You don't need to buy Internet access to use free Internet e-mail. Get completely free e-mail from Juno at http://www.juno.com/getjuno.html or call Juno at (800) 654-JUNO [654-5866] - - ------------------------------ Date: Mon, 24 May 1999 12:55:33 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Dell Morning Carol-- Wouldn't sell your DELL. It's approaching a long term support at 35.5. I've been buying DELL this morning at 35.625, 35.75, and 35.875. This would be an opportunity to add to your position. Connie Mack Carol R. Reynolds wrote: > I have owned Dell for about 4 months. Would you advise to sell or hold > it longer. I was hoping it would come back up with the last earnings > announcement. > ___________________________________________________________________ > You don't need to buy Internet access to use free Internet e-mail. > Get completely free e-mail from Juno at http://www.juno.com/getjuno.html > or call Juno at (800) 654-JUNO [654-5866] > > - - - ------------------------------ Date: Mon, 24 May 1999 18:30:17 -0400 From: Connie Mack Rea Subject: [CANSLIM] Stochastic trading system for the OSX. Had thought I published this site earlier. A couple of members have asked me about the oils/drillers. This is a superb site for oils/drillers/rig counts/and a stochastic trading system: http://www.osxstocks.com/ Connie Mack - - ------------------------------ End of canslim-digest V2 #610 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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