From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #687 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 Saturday, August 28 1999 Volume 02 : Number 687 In this issue: [CANSLIM] CSCO Cup? [CANSLIM] Other formations forming? [CANSLIM] DELL. [Connie Mack] Re: [CANSLIM] CSCO B/O [CANSLIM] The health of Jeff's site. [Connie Mack] RE: [CANSLIM] Other formations forming? [CANSLIM] King Re: [CANSLIM] CSCO B/O Re: [CANSLIM] CSCO B/O [CANSLIM] A site from Alexa, the Library of Alexandria. [Connie Mack] [CANSLIM] DGO List ---------------------------------------------------------------------- Date: 26 Aug 1999 07:07:27 -0700 From: "Tim Fisher" Subject: [CANSLIM] CSCO Cup? I haven't been reading many of these messages so forgive me if this is old news, but I think CSCO is forming a very interesting cup @ the old high. No handle as of yet, but it doesn't look like it can break through the previous intraday high at 69-1/4. I hope it forms some sort of a handle before taking off but it looks enticing right now (a high risk entry no doubt though). Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: 26 Aug 1999 07:10:13 -0700 From: "Tim Fisher" Subject: [CANSLIM] Other formations forming? P.S. wanna see a double bottom forming? Check out PFE. Also Mr Softee looks like a powerful triple bottom is in the making. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 26 Aug 1999 11:41:00 -0400 From: Connie Mack Rea Subject: [CANSLIM] DELL. [Connie Mack] I have taken an initial position in DELL at 48.5. Neither the EMA nor the MACD is decisive. Connie Mack - - ------------------------------ Date: 26 Aug 1999 10:13:58 -0700 From: "Tim Fisher" Subject: Re: [CANSLIM] CSCO B/O Sorry, I don't see a breakout here, at least not by WON's definition. Not 5% above the pivot point yet. Like I posted early this AM (did anyone receive that one?) I think this is a high risk entry point until it breaks that resistance solidly. On 07:54 AM 8/26/99 , wroblewski@uswest.net Said: >CSCO B/O on strong volume. > >Has nice cup, but no handle. Breakout price at 69 >7/16...just over previous high of 69 1/4. > >Average daily volume around 16 million shares...has already >traded over 16 million in the first 1 1/2 hours. > >Ziggy Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 26 Aug 1999 20:24:30 -0400 From: Connie Mack Rea Subject: [CANSLIM] The health of Jeff's site. [Connie Mack] Just as the mousetrap is our opinion of the mouse, Jeff's site is our opinion of both him and Canslim. Neither the mouse nor our opinions always defer to the "mousetrap" or understand its consequences. One confirmed consequence is what has happened between me and a couple of members. No member should think that I intend to aggrandize the site. Jeff has thanked me for my contributions and encouraged me to post. If he is not concerned that my comment on technical indicators will overthrow his original Canslim intention, those with much less to lose ought not. I am not hustling to turn Canslimers into traders. More than once I have said the opposite. Don't become a day trader or any other species of trader. Day traders are perpetual motions machines engraved with reasons why they are smart enough to overcome the friction of high speed buying and selling. A trader is at best a clumsy paraphrase of someone who thinks himself smarter than the market. I don't trade for a living. I have, in DELL, "made a living" these last few days, but that was by good fortune (in the market at the right time and in the right stock at the right time) and only modest market smartness. I have set aside a certain amount of money (really the university's settlement money) to trade. Its entire loss would not jeopardize my retirement or my family. I like the excitement--a bit like the gelandesprung in skiing, which is a jump made from a crouch and using both poles. Still, I don't encourage anyone to become a trader. What I do encourage is that investors complement Canslim with technical trading knowledge. When I detailed some of my day trading in DELL, my only purpose was to show that even certain day trading technical principles (the Doubling Principle, double bottoms, the 3/7/10 EMA, the MACD, resistance and support levels, and volume) are applicable to investing. Trading is investing at a hundred fifty miles per hour. The change from investing to trading is sudden--like changing seats on a ten-speed bike to a 1400 cc Honda racer digesting nitro. Another of the consequences I don't want to see is that members hesitate to post their interest in the technical side for fear of annoying those uninterested. Only Jeff "owns" the forum--i.e., a collegial owning. His position seems, to me, to be that the forum is to be primarily Canslim in which technical considerations are an appendage. And that no member ought to take it upon himself to make requisite another policy. If Jeff were to purify Canslim with a policy that said no more technical comment, I would abide by his decision. Until that is policy, those members who want to learn more about the technical side ought not fear being admonished by those who don't. None of our ideas of Canslim or trading are neat, divisible, and fundamental like a carpenter's square. Questions and ideas are welcome in all their roughness, in their skewedness, in their irregularity. I apologize to the many undeserving who probably thought that they would never have to suffer through another "English class." Connie Mack - - ------------------------------ Date: Fri, 27 Aug 1999 08:00:07 -0400 From: "Russell, Ron" Subject: RE: [CANSLIM] Other formations forming? MSFT could also be a very ugly Head and Shoulders in the making - take a look at a weekly chart. Too soon to say either way. Ron -----Original Message----- From: Tim Fisher [mailto:tim@orerockon.com] Sent: Thursday, August 26, 1999 10:10 AM To: canslim@mail.xmission.com Subject: [CANSLIM] Other formations forming? P.S. wanna see a double bottom forming? Check out PFE. Also Mr Softee looks like a powerful triple bottom is in the making. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - ------------------------------ Date: Fri, 27 Aug 1999 09:41:20 -0600 From: PWahl@sysinn.com Subject: [CANSLIM] King King Pharmaceutical (KING) seems to be making a move today - is popping up from a flat base, but not at an all time high. Volume looks good for this time of day. Not quite sure this constitutes a breakout. - - ------------------------------ Date: Fri, 27 Aug 1999 05:33:53 GMT From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] CSCO B/O The action in CSCO evidently has mostly to do with acquisitions it has made in the neighborhood of 8 billion smackers. I like CSCO. I'm not an "expert", but when it comes to networking, in my view, CSCO is THE industry leader...and will likely continue to be for a few years, maybe a lot longer. Dan - - ------------------------------ Date: Fri, 27 Aug 1999 09:19:17 -0700 From: Subject: Re: [CANSLIM] CSCO B/O Hi Tim, I think a pivot point price is just above the previous high price and that the 5% is the maximum price beyond which one should not chase. This is my understanding of WON's philosophy (this all assumes coming off a proper base with the appropriate volume). My copy of HTMMIS has been loaned out so I can't verify at present...please correct me if I'm wrong...I am assuming that a B/O is a price just above the previous high on a 50% increase in ADV from a proper base. Are you saying that a B/O does not occur until the price is 5% above the previous high? Ray "Ziggy" Wroblewski Gilbert, AZ Tim Fisher wrote: > Sorry, I don't see a breakout here, at least not by WON's definition. Not > 5% above the pivot point yet. Like I posted early this AM (did anyone > receive that one?) I think this is a high risk entry point until it breaks > that resistance solidly. > > On 07:54 AM 8/26/99 , wroblewski@uswest.net Said: > >CSCO B/O on strong volume. > > > >Has nice cup, but no handle. Breakout price at 69 > >7/16...just over previous high of 69 1/4. > > > >Average daily volume around 16 million shares...has already > >traded over 16 million in the first 1 1/2 hours. > > > >Ziggy > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - - - ------------------------------ Date: Thu, 26 Aug 1999 19:38:46 -0400 From: Connie Mack Rea Subject: [CANSLIM] A site from Alexa, the Library of Alexandria. [Connie Mack] Alexa is a great free piece of software that I've used for a couple of months. Here is a description from the Washington Post. Q. Who is Alexa? A. Not who, but what. Alexa (available at www.alexa.com) is a free add-on to your Web browser that helps your surfing. My favorite phrase for Alexa is "browser companion." Named after the great library of ancient times in Alexandria, Egypt, Alexa was developed by a San Francisco company called Alexa Internet that was recently purchased by Amazon.com. Founder Brewster Kahle was tired of getting lost in his Web searches and getting error messages, so he developed a product that helps out. For example, if you go to a site and get a "404" error, meaning the page has been removed from the Web, Alexa can take you to a compendium of old Web sites to see what the old one was like. Information is king on the Internet, and Alexa offers an insider's page that lists top daily Web pages. When Alexa is installed on your browser, you see a small tool bar at the bottom of your screen. When you go to a Web site, you can see sites that other visitors have liked. It can also show you how popular the site is, as well as how many sites it is linked to. With that much information, you can spend a day at your competitor's site and learn a lot. Connie Mack - - ------------------------------ Date: Sat, 28 Aug 1999 10:04:51 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO List List grew again, from 146 to 162. This review is purely on the chart pattern (second level review) since all on the list already passed the first and most fundamental criteria of RS/EPS of 80/80 or better. I did look at earnings and revenue trends in some cases, which may have continued, or terminated, my interest in a "second look". I tried to eliminate any buyout cos, but may have missed a few. As always, do your own homework. BASES: BOBJ, KRON, WAT, NVR, CEC, PTSI (buyout??), HC, ROAD, ROP, CLS, TNL, DTM, UCI (lots of insider buying), ALD, GCTI, GUAR While a lot of stocks were already well extended, did see a number of cup and handle formations, more than normal: TIF (poor teacup), VTSS, AMGN (failed breakout, back into handle), GUC (possible handle forming), SUNQ (breakout from very short handle), NECB LLUR: CHKP, PMCS, CTV Miscellaneous: MNC - broke out, doesn't look sustainable HH - breaking out, looks still buyable Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------ End of canslim-digest V2 #687 ***************************** 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.