From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #760 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, December 4 1999 Volume 02 : Number 760 In this issue: Re: [CANSLIM] "M" [CANSLIM] Small play - not canslim [CANSLIM] MCHP and ANSR [CANSLIM] The Andreas reversal (was: MCHP and ANSR) Re: [CANSLIM] MCHP and ANSR Re: [CANSLIM] The Andreas reversal (non-Canslim) [CANSLIM] VISX Re: [CANSLIM] MCHP and ANSR Re: [CANSLIM] The Andreas reversal (was: MCHP and ANSR) [CANSLIM] Double Top on the S&P500 [CANSLIM] Stock Candidiates Re: [CANSLIM] Stock Candidiates RE: [CANSLIM] Stock Candidiates [CANSLIM] Non CANSLIM - Employment Report - For Economics Majors only ---------------------------------------------------------------------- Date: Fri, 03 Dec 1999 09:10:53 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] "M" Ok, point taken. Have a look at COHU, EDS, XICO and LU. Not every cup and handle is picture perfect. Maybe these should be given a different name? At 05:01 PM 02-12-99 -0500, you wrote: >No, because the right side is higher than left. > >Sam > >Johan Van Houtven wrote: > >> Could just as well be a cup and handle, no? B^) >> >> Nasdaq was impressive today. >> >> At 01:15 PM 12/2/99 -0800, you wrote: >> >Anybody see a double top in the S&P? >> > >> >Steve Grier >> >scgjd@ix.netcom.com >> >> -- Johan >> >> - > > >- > > - -- Johan - - ------------------------------ Date: Fri, 3 Dec 1999 13:34:23 -0600 From: Chris Hudson Subject: [CANSLIM] Small play - not canslim Take a look at FSCX. It's a small bulletin board stock and not canslim, but some interesting things seem to be happening; lots of rumors flying around... - - ------------------------------ Date: Fri, 03 Dec 1999 15:37:21 -0500 From: Sam Funchess Subject: [CANSLIM] MCHP and ANSR I picked up MCHP earlier today on strong price volume movement. Has tapered off in the later hours of trading. Did not fall below the B/O point of 70 bucks, though it tried. ANSR is on just about 3 times volume with a nice price move. 100% invested so I wont be picking any up unless something doesn't act right. I estimate pivot point of 29.75 so it is technically extended at 33. IDPH was one I was watching that had a nice reversal today on light volume in the am then started picking up as the price began to turn. Most likely has to do with the announced stock split. Pivot point is around 140. BEST has a nice little chart but has been terrible light on the volume. Watched PMCS intently the past week but the lacking volume until today scared me off. Today's volume is only avg. Thought I would throw some comments out there to see if I can stir up some chatter. Sam - - ------------------------------ Date: Fri, 03 Dec 1999 22:12:37 +0100 From: Johan Van Houtven Subject: [CANSLIM] The Andreas reversal (was: MCHP and ANSR) Anyone still thinking double top? ;^) Bought my newborn son some INKT as it broke the downtrend line on high volume today. Also bought him small positions in LU and MSFT (break DTL 2 days ago), to establish a LONG term portfolio. I don't know if it is coincidence, but I annotated the 10 day intraday NASDAQ chart anyway. *Exactly* at the time my son was born, now almost 2 days ago, the NASDAQ reversed it's 4 day losing streak. I've named it the Andreas reversal point. ;^) I'm off now to admire our small market wonder.... Have a nice weekend! Johan At 03:37 PM 12/3/99 -0500, you wrote: >I picked up MCHP earlier today on strong price volume movement. Has >tapered off in the later hours of trading. Did not fall below the B/O >point of 70 bucks, though it tried. > >ANSR is on just about 3 times volume with a nice price move. 100% >invested so I wont be picking any up unless something doesn't act >right. I estimate pivot point of 29.75 so it is technically extended at >33. > >IDPH was one I was watching that had a nice reversal today on light >volume in the am then started picking up as the price began to turn. >Most likely has to do with the announced stock split. Pivot point is >around 140. > >BEST has a nice little chart but has been terrible light on the volume. > >Watched PMCS intently the past week but the lacking volume until today >scared me off. Today's volume is only avg. > >Thought I would throw some comments out there to see if I can stir up >some chatter. > >Sam > > >- > > - -- Johan - - ------------------------------ Date: 3 Dec 1999 13:26:28 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] MCHP and ANSR I jumped the gun on BBRC at the open & it failed to break out. Wanted PMCS too but it was looking anemic this AM, now it has made it but still on avg vol. FORR is continuing its low volume breakout - should have bot this one when I first noticed it. MCRS just barely squeaked out 5% on horrible volume. Looks like the NSOL's & PROXim's are leading the NASDAQ today. ETEK & NOK are both flying on killer vol, SLR is adding nicely to its breakout, but XLNX dropped to the low end of the base after failing to break out for the 3rd time. It's real choppy out there is what I guess I am observing. On 12:37 PM 12/3/99 , Sam Funchess Said: >I picked up MCHP earlier today on strong price volume movement. Has >tapered off in the later hours of trading. Did not fall below the B/O >point of 70 bucks, though it tried. > >ANSR is on just about 3 times volume with a nice price move. 100% >invested so I wont be picking any up unless something doesn't act >right. I estimate pivot point of 29.75 so it is technically extended at >33. > >IDPH was one I was watching that had a nice reversal today on light >volume in the am then started picking up as the price began to turn. >Most likely has to do with the announced stock split. Pivot point is >around 140. > >BEST has a nice little chart but has been terrible light on the volume. > >Watched PMCS intently the past week but the lacking volume until today >scared me off. Today's volume is only avg. > >Thought I would throw some comments out there to see if I can stir up >some chatter. > >Sam > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Fri, 03 Dec 1999 16:39:52 -0500 From: Walter Stock Subject: Re: [CANSLIM] The Andreas reversal (non-Canslim) Hi Johan, Please thank Andreas for me. Thanks to his reversal point it has been a great week. I see you are busy trading on his behalf already. If you are like me, you will spend more time working on your boy's college account, than on your own trading account. Sometimes my 5-year old sits on my lap while I scroll through charts. When he sees a chart that is trending upward, he says the chart is good. Sometimes it is just that simple! ;-) Congratulations, Johan ! Walter Oakville, ON, Canada Johan Van Houtven wrote: > Anyone still thinking double top? ;^) > > Bought my newborn son some INKT as it broke the downtrend line on high > volume today. Also bought him small positions in LU and MSFT (break DTL 2 > days ago), to establish a LONG term portfolio. > > I don't know if it is coincidence, but I annotated the 10 day intraday > NASDAQ chart anyway. *Exactly* at the time my son was born, now almost 2 > days ago, the NASDAQ reversed it's 4 day losing streak. I've named it the > Andreas reversal point. ;^) > > I'm off now to admire our small market wonder.... > > Have a nice weekend! > > Johan > > At 03:37 PM 12/3/99 -0500, you wrote: > >I picked up MCHP earlier today on strong price volume movement. Has > >tapered off in the later hours of trading. Did not fall below the B/O > >point of 70 bucks, though it tried. > > > >ANSR is on just about 3 times volume with a nice price move. 100% > >invested so I wont be picking any up unless something doesn't act > >right. I estimate pivot point of 29.75 so it is technically extended at > >33. > > > >IDPH was one I was watching that had a nice reversal today on light > >volume in the am then started picking up as the price began to turn. > >Most likely has to do with the announced stock split. Pivot point is > >around 140. > > > >BEST has a nice little chart but has been terrible light on the volume. > > > >Watched PMCS intently the past week but the lacking volume until today > >scared me off. Today's volume is only avg. > > > >Thought I would throw some comments out there to see if I can stir up > >some chatter. > > > >Sam > > > > > >- > > > > > > -- Johan > > - - - ------------------------------ Date: Fri, 3 Dec 1999 21:46:13 -0000 From: "Marc Laniado" Subject: [CANSLIM] VISX VISX is coming out of a large cup after a big run up. In fact, it's come out of a head and shoulders bottom successfully yesterday and today. One to look out for! - - ------------------------------ Date: Fri, 03 Dec 1999 15:36:22 -0700 From: Earl Setser Subject: Re: [CANSLIM] MCHP and ANSR I was looking at VSAT and BELFA a couple days ago, but missed both (5% up before I could get in.) I did grab PMCS today even though the volume was a little light (about 120% of ADV today). I'm hoping for a good follow, but only time will tell. I did move nicely today. Watching KRON as it looks poised for a move, but hasn't yet. At 03:37 PM 12/3/99 -0500, you wrote: >I picked up MCHP earlier today on strong price volume movement. Has >tapered off in the later hours of trading. Did not fall below the B/O >point of 70 bucks, though it tried. > >ANSR is on just about 3 times volume with a nice price move. 100% >invested so I wont be picking any up unless something doesn't act >right. I estimate pivot point of 29.75 so it is technically extended at >33. > >IDPH was one I was watching that had a nice reversal today on light >volume in the am then started picking up as the price began to turn. >Most likely has to do with the announced stock split. Pivot point is >around 140. > >BEST has a nice little chart but has been terrible light on the volume. > >Watched PMCS intently the past week but the lacking volume until today >scared me off. Today's volume is only avg. > >Thought I would throw some comments out there to see if I can stir up >some chatter. > >Sam > > >- > > > - - ------------------------------ Date: Fri, 3 Dec 1999 16:11:59 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] The Andreas reversal (was: MCHP and ANSR) Johan, Congratulations. It was the best thing I every did to have children. Enjoy them. Ciao, rolatzi - --- Johan Van Houtven wrote: > Anyone still thinking double top? ;^) > > Bought my newborn son some INKT as it broke the downtrend line > on high > volume today. Also bought him small positions in LU and MSFT > (break DTL 2 > days ago), to establish a LONG term portfolio. > > I don't know if it is coincidence, but I annotated the 10 day > intraday > NASDAQ chart anyway. *Exactly* at the time my son was born, > now almost 2 > days ago, the NASDAQ reversed it's 4 day losing streak. I've > named it the > Andreas reversal point. ;^) > > I'm off now to admire our small market wonder.... > > Have a nice weekend! > > Johan > > At 03:37 PM 12/3/99 -0500, you wrote: > >I picked up MCHP earlier today on strong price volume > movement. Has > >tapered off in the later hours of trading. Did not fall > below the B/O > >point of 70 bucks, though it tried. > > > >ANSR is on just about 3 times volume with a nice price move. > 100% > >invested so I wont be picking any up unless something doesn't > act > >right. I estimate pivot point of 29.75 so it is technically > extended at > >33. > > > >IDPH was one I was watching that had a nice reversal today on > light > >volume in the am then started picking up as the price began > to turn. > >Most likely has to do with the announced stock split. Pivot > point is > >around 140. > > > >BEST has a nice little chart but has been terrible light on > the volume. > > > >Watched PMCS intently the past week but the lacking volume > until today > >scared me off. Today's volume is only avg. > > > >Thought I would throw some comments out there to see if I can > stir up > >some chatter. > > > >Sam > > > > > >- > > > > > > -- Johan > > > > - > > __________________________________________________ Do You Yahoo!? Thousands of Stores. Millions of Products. All in one place. Yahoo! Shopping: http://shopping.yahoo.com - - ------------------------------ Date: Fri, 3 Dec 1999 22:55:59 -0500 From: "Tom Worley" Subject: [CANSLIM] Double Top on the S&P500 I think today's market response to the employment report is the best answer to one member's excellent question about whether the S&P500 was showing a double top. I didn't really think so at the time, felt it looked more like consolidation, but had nothing to add to the several accurate responses by other members and no time to research or go on much more than my gut feeling, never a good indicator. Today's trading on volume to a new high resolves this question, in my opinion. Nasdaq's action also tends to confirm not only a further breakout, but shows some indication of just how much money was either still sitting on the sidelines, or was flowing in from people like me from end of year bonuses and raises (I had both, and the bonuses alone allowed me to put an addl $2,300 on top of my regular monthly contribution into the market just yesterday - yeah!). Even the dismal new high/low nrs on NYSE showed a sharp reversal, tho still way negative. I would expect now that sentiment will move into the excessively optimistic area as any chance (not that I think there was a chance anyway) of a Fed rate hike at this months FOMC meeting is conclusively off the agenda. Now, all that is predictably likely to worry the mkt is end of year tax related selling, and Y2K problems. Rate increases, and inflation fears, should be pretty much put to bed until the next millenium. Of course, that's less than four weeks away, so we won't have to wait a long time for that to resume. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------ Date: Sat, 4 Dec 1999 07:49:02 -0700 From: "Dan Sutton" Subject: [CANSLIM] Stock Candidiates Here are some stocks to check out over the weekend. To find them I used Telescan and EXCEL and searched for : EPS Rank (Telescan rank may not be the same as IBD) > 80 RS rank (Telescan rank may not be the same as IBD) > 70 Price > 90% of 52 week high Positive earnings surprise in the last 4 qtrs = or > 3 Payback period (price divided by (earnings times 1 year PEG)) < 1 CCBL PHTN VOX ZRAN ZOMX SYBS MOT RADS CHRX XLNX TXN PLCM TDS C CTS USM - - ------------------------------ Date: 4 Dec 1999 06:57:07 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Stock Candidiates Why the last criteria? Does that get at some other element of CANSLIM in a roundabout way? It looks like something from a Motley Fool scan... At 07:49 AM 12/4/99 -0700, you wrote: >Here are some stocks to check out over the weekend. To find them I used >Telescan and EXCEL and searched for : > >EPS Rank (Telescan rank may not be the same as IBD) > 80 >RS rank (Telescan rank may not be the same as IBD) > 70 >Price > 90% of 52 week high >Positive earnings surprise in the last 4 qtrs = or > 3 >Payback period (price divided by (earnings times 1 year PEG)) < 1 > >CCBL >PHTN >VOX >ZRAN >ZOMX >SYBS >MOT >RADS >CHRX >XLNX >TXN >PLCM >TDS >C >CTS >USM > > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sat, 4 Dec 1999 08:12:01 -0700 From: "Dan Sutton" Subject: RE: [CANSLIM] Stock Candidiates I found the formula in the book called Wall Street on Sale. I have watched it for about six months and it seems to give a relative value rating that can be compared across all sectors. Generally speaking, the lower the payback period the quicker the stock seems to move. After the screens for CANSLIM or HGS criteria I normally sort by payback period to get a feeling for which candidates are likely to move the best. If you would like I will post the spreadsheet to the Canslim site so you can look at it more closely. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tim Fisher Sent: Saturday, December 04, 1999 7:57 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Stock Candidiates Why the last criteria? Does that get at some other element of CANSLIM in a roundabout way? It looks like something from a Motley Fool scan... At 07:49 AM 12/4/99 -0700, you wrote: >Here are some stocks to check out over the weekend. To find them I used >Telescan and EXCEL and searched for : > >EPS Rank (Telescan rank may not be the same as IBD) > 80 >RS rank (Telescan rank may not be the same as IBD) > 70 >Price > 90% of 52 week high >Positive earnings surprise in the last 4 qtrs = or > 3 >Payback period (price divided by (earnings times 1 year PEG)) < 1 > >CCBL >PHTN >VOX >ZRAN >ZOMX >SYBS >MOT >RADS >CHRX >XLNX >TXN >PLCM >TDS >C >CTS >USM > > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - - ------------------------------ Date: Sat, 4 Dec 1999 11:19:21 -0500 From: "Tom Worley" Subject: [CANSLIM] Non CANSLIM - Employment Report - For Economics Majors only I noted a disturbing statistical fact in one of the reports emailed to me weekly, as follows: Specifically, if one averages nonfarm payrolls, to smooth out the month-to-month fluctuations, the "trend" is not good. For instance, average monthly gains for each quarter this year are as follows: First Quarter 209,000 Second Quarter 210,000 Third Quarter 201,667 October/November 248,500 This led to a further question in my mind: How can we add a qtr million jobs (more or less) every month and still remain at the same "hard core" unemployment rate of the low 4%?? Conclusion: there must be a fresh infusion of labor into the labor pool, such as college graduates (some do finish in Dec rather than May/June) as well as high school graduates/dropouts. Admittedly, there could also be a sig nr of retirees finding out that Social Security isn't all its cracked up to be, and taking part or full time employment. I have seen no indication that this very important Labor Report is accounting for any fresh infusion of workers. Anyone have any source for this, or further ideas on accounting/anticipating for it? 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 #760 ***************************** 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.