From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #728 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, October 25 1999 Volume 02 : Number 728 In this issue: [CANSLIM] Thanks for the replys [CANSLIM] thqi LLUR ? [CANSLIM] IBD's opinion of the market Re: [CANSLIM] Acc/Dis Numbers Re: [CANSLIM] thqi LLUR ? Re: [CANSLIM] IBD's opinion of the market Re: [CANSLIM] IBD's opinion of the market [CANSLIM] 2 Items ---------------------------------------------------------------------- Date: Sun, 24 Oct 1999 00:41:11 EDT From: Mypiason3@aol.com Subject: [CANSLIM] Thanks for the replys It's good to know people are concerned. Here is a post I sent to Craig that came back. Thanks for the reply. Same as you with DCLK I was trying to call a cup and handle in the lower portion of the correction (cup) of aol and nsol. I took some fundamental factors into consideration. Those being 1)potiental future revenue lose and the reversal, 2) internet out of favor and coming back in 3) market correcting. I hypothesised that the cup and handle in lower half may be an exception to the rule. I would like to introduce myself I have been investing for a few years and my college degree is a B.S. in Sociology. I haven't been using my degree in my career so I am rusty in typing, grammer and written communication so please bare with me. Thanks for the replys, Frank - - ------------------------------ Date: Sun, 24 Oct 1999 00:47:31 EDT From: Mypiason3@aol.com Subject: [CANSLIM] thqi LLUR ? would the current drop represent the handle? Also the volume last Friday was low and the stock rose 6%. Is the low volume concerning or a sign of strength? Tuesday is earnings and institutions have been buying. I was going to wait for the stock to break the handle at $45 before taking a position. Any opinions? thanks Frank - - ------------------------------ Date: Fri, 22 Oct 1999 19:26:03 +0100 From: "Marc Laniado" Subject: [CANSLIM] IBD's opinion of the market Hi all, I'd be very grateful if someone can give a summary of IBD's view of the turn in the market ! I see there has been an improvement in the advance/decline line and financials have done well which are good signs. Thanks in advance, Marc - - ------------------------------ Date: Sun, 24 Oct 1999 10:38:36 -0500 From: "John Adair" Subject: Re: [CANSLIM] Acc/Dis Numbers If these Acc/dist numbers have any significance we must be quite a ways from any recovery in the market. - ----- Original Message ----- From: To: Sent: Saturday, October 23, 1999 9:39 PM Subject: [CANSLIM] Acc/Dis Numbers > Here are the latest Acc/Dis Numbers. > > On 10/21 a+b/a-e hit a low of 42% and %E is now 14% highest level since I > started forwarding this to the group!!! > > Date A B C D E AB/A:E %E > > 10/1/1999 798 2283 1354 1387 752 47% 11% > 10/4/1999 850 2353 1325 1300 730 49% 11% > 10/5/1999 828 2312 1377 1347 707 48% 11% > 10/6/1999 888 2287 1360 1386 693 48% 10% > 10/7/1999 853 2314 1328 1361 690 48% 11% > 10/8/1999 900 2354 1314 1306 671 50% 10% > 10/11/1999 890 2350 1319 1317 670 49% 10% > 10/12/1999 925 2335 1328 1314 662 50% 10% > 10/13/1999 928 2323 1375 1268 658 50% 10% > 10/14/1999 892 2273 1338 1338 694 48% 11% > 10/15/1999 818 2224 1295 1396 795 47% 12% > 10/18/1999 830 2171 1311 1380 826 46% 13% > 10/19/1999 744 2097 1302 1448 902 44% 14% > 10/20/1999 698 1995 1372 1498 917 42% 14% > 10/21/1999 711 2047 1369 1480 886 42% 14% > 10/22/1999 742 2086 1366 1447 869 43% 13% > 10/25/1999 750 2080 1311 1461 896 44% 14% > > Spreadsheet version: > > Date,A,B,C,D,E,AB/A:E,%E > > 10/1/1999,798,2283,1354,1387,752,47%,11%,, > 10/4/1999,850,2353,1325,1300,730,49%,11%,, > 10/5/1999,828,2312,1377,1347,707,48%,11%,, > 10/6/1999,888,2287,1360,1386,693,48%,10%,, > 10/7/1999,853,2314,1328,1361,690,48%,11%,, > 10/8/1999,900,2354,1314,1306,671,50%,10%,, > 10/11/1999,890,2350,1319,1317,670,49%,10%,, > 10/12/1999,925,2335,1328,1314,662,50%,10%,, > 10/13/1999,928,2323,1375,1268,658,50%,10%,, > 10/14/1999,892,2273,1338,1338,694,48%,11%,, > 10/15/1999,818,2224,1295,1396,795,47%,12%,,42% > 10/18/1999,830,2171,1311,1380,826,46%,13%,,14% > 10/19/1999,744,2097,1302,1448,902,44%,14%,, > 10/20/1999,698,1995,1372,1498,917,42%,14% > 10/21/1999,711,2047,1369,1480,886,42%,14% > 10/22/1999,742,2086,1366,1447,869,43%,13% > 10/25/1999,750,2080,1311,1461,896,44%,14% > > Robert > > - > > - - ------------------------------ Date: Sun, 24 Oct 1999 09:35:32 -0700 From: Earl Setser Subject: Re: [CANSLIM] thqi LLUR ? THQI has been based for 4 weeks or so. Just so you will know, WON suggests a minimum of 6-8 weeks is needed to develop a proper base. As far as the chart, I like to use closing prices for my pricing points, while other use intraday highs. I don't see any handle here at all. Given closing highs, the highest previous close was on 10/4 at 43.3.125. Friday's close was higher, but the volume was insufficient to consider this a breakout. Using 52 week highs, the high was 45 on 10/7 and the stock has not yet achieved that. I think this is a good stock overall, but I would question the very short base. (FWIW, THQI missed my list due to a "C" accum/dist rating in Friday's paper. This rating bumped up to a "B" based on Friday's action). For me, the most important issue right now is "M". I think we have a good consensus here that "M" is still on the negative side, and we haven't seen a follow-through on this latest rally yet. I'm staying on the sidelines as far as new purchases until we see a follow-through day and good A/D line. At 12:47 AM 10/24/99 EDT, you wrote: >would the current drop represent the handle? Also the volume last Friday was >low and the stock rose 6%. > >Is the low volume concerning or a sign of strength? Tuesday is earnings and >institutions have been buying. I was going to wait for the stock to break >the handle at $45 before taking a position. > >Any opinions? > >thanks > >Frank > >- > > > - - ------------------------------ Date: Sun, 24 Oct 1999 09:46:32 -0700 From: Earl Setser Subject: Re: [CANSLIM] IBD's opinion of the market Interestingly enough, they said very little about Friday's action. I expected some discussion of "follow-through days" in Monday's paper, but there wasn't any. They did give an overall weak opinion of the market though (see below). As far as the rally, Friday's volume was down on the NYSE and the NASDAQ advance fell well short of 1%. Given this, we still haven't seen a valid follow-through day for Monday's rally. The best follow-through day's "should occur" on days 4-7, and I get Monday and Tuesday as days 6 and 7, so stay alert for a possible follow-through day. In Monday's paper, IBD (The Big Picture) talked a little about many strong stocks didn't perform well on Friday (MSFT, CSCO, SUNX, QCOM) and then followed it with this: "If the market is indeed shaking off a correction and ready to begin a major advance, you wouldn't expect to see so much equivocation from its biggest players. And breakdowns are still more common than breakouts." It then discussed Pervasive SW's breakdown, and talked about how the fresh Internuts performing well. Finally, IBD ended "The Big Picture" with the following: "While it's encouraging the sector (New Issues Index) is performing well in a tough environment, it also shows that froth and speculation still rule the market. Most new issues aren't profitable and don't expect to make money anytime soon. Can they really lead the market on a major advance?" At 07:26 PM 10/22/99 +0100, you wrote: >Hi all, >I'd be very grateful if someone can give a summary of IBD's view of the turn >in the market ! >I see there has been an improvement in the advance/decline line and >financials have done well which are good signs. >Thanks in advance, >Marc > > > >- > > > - - ------------------------------ Date: Sun, 24 Oct 1999 17:34:48 +0100 From: "Marc Laniado" Subject: Re: [CANSLIM] IBD's opinion of the market Hi Earl, Thanks for sending that - I find the IBD interpretation of the market always informative. Personally, I am still not that confident that a return to the market is not without substantial risk and I note inflationary pressure is still present judged by the generally rising CRB index and 30 year treasury yields. My own feeling about the internuts and IPOs it that many bring disruptive innovations into new value chains. As such they can displace many of the 'old guard'. Regarding the lack of earnings, the success of technology stocks is judged in part by earnings, more (it seems) by revenue and most by their power in the market place. Earnings take a backseat to the latter two priorities. I find Red Herring a helpful read on the 'business of technology' and the 'Gorilla Game' by Geoff Moore a useful guide in how to approach buying such stocks. Best of luck to all those buying now! Marc - ----- Original Message ----- From: Earl Setser To: Sent: Sunday, October 24, 1999 5:46 PM Subject: Re: [CANSLIM] IBD's opinion of the market > Interestingly enough, they said very little about Friday's action. I > expected some discussion of "follow-through days" in Monday's paper, but > there wasn't any. They did give an overall weak opinion of the market > though (see below). > > As far as the rally, Friday's volume was down on the NYSE and the NASDAQ > advance fell well short of 1%. Given this, we still haven't seen a valid > follow-through day for Monday's rally. The best follow-through day's > "should occur" on days 4-7, and I get Monday and Tuesday as days 6 and 7, > so stay alert for a possible follow-through day. > > In Monday's paper, IBD (The Big Picture) talked a little about many strong > stocks didn't perform well on Friday (MSFT, CSCO, SUNX, QCOM) and then > followed it with this: > > "If the market is indeed shaking off a correction and ready to begin a > major advance, you wouldn't expect to see so much equivocation from its > biggest players. And breakdowns are still more common than breakouts." > > It then discussed Pervasive SW's breakdown, and talked about how the fresh > Internuts performing well. Finally, IBD ended "The Big Picture" with the > following: > > "While it's encouraging the sector (New Issues Index) is performing well in > a tough environment, it also shows that froth and speculation still rule > the market. Most new issues aren't profitable and don't expect to make > money anytime soon. Can they really lead the market on a major advance?" > > > At 07:26 PM 10/22/99 +0100, you wrote: > >Hi all, > >I'd be very grateful if someone can give a summary of IBD's view of the turn > >in the market ! > >I see there has been an improvement in the advance/decline line and > >financials have done well which are good signs. > >Thanks in advance, > >Marc > > > > > > > >- > > > > > > > > > - > > - - ------------------------------ Date: Mon, 25 Oct 1999 11:05:51 -0400 From: Sam Funchess Subject: [CANSLIM] 2 Items Does anyone know of a web site with info in stocks to avg vol. Either daily or real time would be great. Also Factset Research (FDS) has been building a long base (July) and might be one to watch. Growth rates are good but the other relevant info I do not have available to me. I do not own this or have cash to. B/O would be 59 at vol over 24,000. Sam - - ------------------------------ End of canslim-digest V2 #728 ***************************** 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.