From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #807 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, January 27 2000 Volume 02 : Number 807 In this issue: [CANSLIM] What I'm Watching Re: [CANSLIM] What I'm Watching Re: [CANSLIM] What I'm Watching Re: [CANSLIM] PLMD [CANSLIM] MCOM breaking out [CANSLIM] MCOM [CANSLIM] DIS RE: [CANSLIM] MCOM breaking out Re: [CANSLIM] What I'm Watching [CANSLIM] dgo Re: [CANSLIM] dgo Re: [CANSLIM] MCOM Re: [CANSLIM] MCOM RE: [CANSLIM] MCOM Re: [CANSLIM] What I'm Watching [CANSLIM] Market RE: [CANSLIM] Re: (canslim) "it is starting to annoy me" Re: [CANSLIM] M in CANSLIM Re: [CANSLIM] What I'm Watching Re: [CANSLIM] What I'm Watching Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" [CANSLIM] Stocks Re: [CANSLIM] MCOM breaking out Re: [CANSLIM] dgo Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" [CANSLIM] New Mutual funds? ---------------------------------------------------------------------- Date: Wed, 26 Jan 2000 20:26:45 +0700 From: "Peter D. Christiansen" Subject: [CANSLIM] What I'm Watching Hello everyone. I've been away from trading for while I built a house, but have been lurking. I'm starting to get back into it now that I can devote my full energies to it. My current watch list is composed of the following issues and pivot points. AGY 17.125 CLFY 135.125 CTS 83.125 GTNR 16.125 KING 66.125 NURM 13.125 PEAKF 13.25 I currently have calls on TQNT and ZOMX. Comments or questions are welcomed. - -- Peter Christiansen Chiang Mai - Thailand <*> "The man who produces while others dispose of his product is a slave." <*> - - ------------------------------ Date: Wed, 26 Jan 2000 08:37:41 -0500 From: Craig Griffin Subject: Re: [CANSLIM] What I'm Watching Great list, Peter. Pretty bases (mostly nice and tight cup w/handles). Thanks for sharing the list! Congratulations on buiding the house. Best Regards, Craig At 08:26 PM 1/26/00 +0700, you wrote: >Hello everyone. I've been away from trading for while I built a house, >but have been lurking. I'm starting to get back into it now that I can >devote my full energies to it. > >My current watch list is composed of the following issues and pivot >points. > >AGY 17.125 >CLFY 135.125 >CTS 83.125 >GTNR 16.125 >KING 66.125 >NURM 13.125 >PEAKF 13.25 > >I currently have calls on TQNT and ZOMX. > >Comments or questions are welcomed. > >-- >Peter Christiansen >Chiang Mai - Thailand > > > ><*> "The man who produces while others dispose of his product is a >slave." <*> > > > > >- - - ------------------------------ Date: Wed, 26 Jan 2000 09:13:47 -0500 From: Craig Griffin Subject: Re: [CANSLIM] What I'm Watching Peter, I believe CLFY is being acquired by NT. Craig - - ------------------------------ Date: Wed, 26 Jan 2000 09:33:37 -0500 From: "david lawson" Subject: Re: [CANSLIM] PLMD I see the breakout for PLMD on 1/18.Pivot point at 24.625 top of cup.Which means it's extended.Just my opinion. Ari - ----- Original Message ----- From: Earl Setser To: Sent: Tuesday, January 25, 2000 9:30 PM Subject: Re: [CANSLIM] PLMD > The chart looks good here. I generally try to use closing numbers to pick > the pivot, and using that approach PLMD would have broken out yesterday, > and is still in the "buying range". > > > At 09:59 PM 1/25/00 -0000, you wrote: > >What do people think of PLMD? > >Its just come out of a double bottom (4 months: peak 30 1/2 trough 15) and > >has a 3 day handle (slope up??) > >Timeliness A > >Group st A > >SMR A > >Acc/dist A > >PE 27 > >MCaP 377 mill > > > > > > > >- > > > > > > > > > - > - - ------------------------------ Date: Wed, 26 Jan 2000 09:30:41 -0600 (CST) From: Pritish M Shah Subject: [CANSLIM] MCOM breaking out MCOM breaking out. It is within 2% of the breakout point. Volume on track to around 150% of ADV. Regards, Pritish - - ------------------------------ Date: Wed, 26 Jan 2000 11:26:07 -0500 From: Craig Griffin Subject: [CANSLIM] MCOM Looks like it is too early. Pulled back into base. Big intraday volatility each trading day seems fairly common with this stock (on a percentage basis). If you are looking for something to buy today, you might consider SEBL or RNWK. Both reported earnings overnight. The usual disclaimers apply. - - ------------------------------ Date: Wed, 26 Jan 2000 11:57:41 -0500 From: Sam Funchess Subject: [CANSLIM] DIS Has anyone thought about Disney's break-out yesterday from a C&H? Especially since we are talking about the irrelevance of "S". Sam - - ------------------------------ Date: Wed, 26 Jan 2000 12:19:49 -0800 From: "Jack Wood" Subject: RE: [CANSLIM] MCOM breaking out But, the EPS (according to DGO) is only 22. Jack - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Pritish M Shah Sent: Wednesday, January 26, 2000 7:31 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MCOM breaking out MCOM breaking out. It is within 2% of the breakout point. Volume on track to around 150% of ADV. Regards, Pritish - - - - ------------------------------ Date: Wed, 26 Jan 2000 17:32:41 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] What I'm Watching Hello Peter, Glad to have you back. Excellent list. At 08:26 PM 26-01-00 +0700, you wrote: >Hello everyone. I've been away from trading for while I built a house, >but have been lurking. I'm starting to get back into it now that I can >devote my full energies to it. > >My current watch list is composed of the following issues and pivot >points. > >AGY 17.125 >CLFY 135.125 >CTS 83.125 >GTNR 16.125 >KING 66.125 >NURM 13.125 >PEAKF 13.25 > >I currently have calls on TQNT and ZOMX. > >Comments or questions are welcomed. > >-- >Peter Christiansen >Chiang Mai - Thailand > > > ><*> "The man who produces while others dispose of his product is a >slave." <*> > > > > >- > > - -- Johan - - ------------------------------ Date: Wed, 26 Jan 2000 13:54:56 -0500 From: "ebullock" Subject: [CANSLIM] dgo can industry groups be imported from dgo on certain days only? Ed Bullock - - ------------------------------ Date: Wed, 26 Jan 2000 14:16:28 -0500 From: "david lawson" Subject: Re: [CANSLIM] dgo Yes,Friday. Ari - ----- Original Message ----- From: ebullock To: Sent: Wednesday, January 26, 2000 1:54 PM Subject: [CANSLIM] dgo > can industry groups be imported from dgo on certain days only? Ed Bullock > > > - > - - ------------------------------ Date: Wed, 26 Jan 2000 14:24:54 -0500 From: Craig Griffin Subject: Re: [CANSLIM] MCOM At 11:26 AM 1/26/00 -0500, I wrote: >Looks like it is too early. Pulled back into base. Big intraday >volatility each trading day seems fairly common with this stock (on a >percentage basis). The volatility would keep me out, personally ... but, just a note to say that it has turned around (again) and may breakout after all. - - ------------------------------ Date: Wed, 26 Jan 2000 11:34:40 -0800 (PST) From: Anindo Majumdar Subject: Re: [CANSLIM] MCOM whats the pivot point ? > > At 11:26 AM 1/26/00 -0500, I wrote: > >Looks like it is too early. Pulled back into base. Big intraday > >volatility each trading day seems fairly common with this stock (on a > >percentage basis). > > The volatility would keep me out, personally ... but, just a note to say > that it has turned around (again) and may breakout after all. > > > - > > > - - ------------------------------ Date: Wed, 26 Jan 2000 14:49:00 -0800 From: "Jack Wood" Subject: RE: [CANSLIM] MCOM The nature of the pivot point was recently covered in the November 26, 1999 issue of IBD. Their coverage follows: ========================================== INVESTOR’S CORNER Friday, November 26, 1999 Don’t Go Chasing Those Extended Stocks By Ed Carson Investor’s Business Daily When the 9:00 train leaves the station without you, don’t run after it. Just wait for the 9:05. A common mistake investors make is chasing after a stock that’s already extended. It may seem worth it to pay an extra point or two to get on board a rocket, but that tactic can blow up in your face. “If you do that on a regular basis, you’re going to pay a price,” said Fred Wynia, technical analyst at Sherwood Securities. “Some are going to work, and some aren’t.” Buy only stocks with great sales and earnings as they break out on heavy volume. Don’t jump in if a stock has extended more than 5% above its pivot point. Otherwise, you could wind up in a hazardous situation. Stocks often pull back after a breakout. As long as a stock doesn’t drop below its pivot point, it’s still in good shape. So if you buy a stock within 5% of the breakout, you can hold it during a healthy pullback. But let’s say you chase a stock that’s 10% past the pivot. Then the stock pulls back. You could take an 8% loss without the stock ever touching its pivot point. At this point, you face a painful decision. You should sell the stock, even though its price action remains bullish. That’s because the stock is violating Rule No. 1: preservation of capital. Never allow a small loss to compound into a big loss. So sell any stock that falls 7% or 8% below your cost. No exceptions, Sometimes, this stop?loss rule will boot you out of stocks that later turn around and take off. Such shakeouts are the price you pay to insure against a severe loss. But you can avoid shakeouts caused by normal pullbacks. Just buy right. Buy as soon as your target climbs 1/8 point (0.13) above its pivot point on heavy volume. Don’t chase stocks more than 5% beyond that level. The risks increase if you buy a stock that’s extended 15% or more. Such a stock is prone to an intermediate correction or a full?blown rollover. Citrix Systems (CTXS) broke out on Nov. 2. After a brief consolidation, the stock surged 28 intraday and closed up 16 ¾ to 98 ½ on Nov. 18. A lot of investors jumped on board, but Citrix was already 44% past its’ breakout in less than four weeks. Over the next three days, the stock plunged more than 30 points from the Nov. 18 intraday high. Despite Wednesday’s rebound, anyone who got in at 109 5/8 would be 17% in the red. The best way to stay out of extended stocks is to catch them before they run away. Create a watch list of the very best stocks. Focus only on stocks with strong fundamental, technical and sponsorship ratings. Keep the list fresh, adding and removing stocks as warranted. Zero in on stocks that form sound bases. Check these targets each day for breakouts on heavy volume.. When one of these stocks moves above its pivot point on at least 40% to 50% stronger?than?average volume, act quickly. Sometimes a breakout happens so fast that a stock moves out of range in a few moments. Don’t worry. You can catch the next one. Remember, in the stock market, the chance of a lifetime comes along every couple of weeks. ===================== - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Anindo Majumdar Sent: Wednesday, January 26, 2000 11:35 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] MCOM whats the pivot point ? > > At 11:26 AM 1/26/00 -0500, I wrote: > >Looks like it is too early. Pulled back into base. Big intraday > >volatility each trading day seems fairly common with this stock (on a > >percentage basis). > > The volatility would keep me out, personally ... but, just a note to say > that it has turned around (again) and may breakout after all. > > > - > > > - - - - ------------------------------ Date: Wed, 26 Jan 2000 16:11:18 -0500 From: Walter Stock Subject: Re: [CANSLIM] What I'm Watching Hi Peter, Thank you for your list of investment candidates. I went through them in some detail, and they are quite interesting. Given that you welcome comments and questions, I thought that I would ask you your thoughts on GTNR : First, which chart formation are you looking at with this stock? I can see several possibilities. Second, where do you derive the $16.125 pivot point ? Is it based on the action on 12/12/98 ? My chart shows a high of $15.75 on that date. Just wondering.... Congratulations on your house and welcome back. Remembering your contributions from when I was a lurker (which seems long ago to me), I know that if you choose to "de-lurk" on a continuing basis, that our list will be the better for it. Walter Stock "Peter D. Christiansen" wrote: > Hello everyone. I've been away from trading for while I built a house, > but have been lurking. I'm starting to get back into it now that I can > devote my full energies to it. > > My current watch list is composed of the following issues and pivot > points. > > AGY 17.125 > CLFY 135.125 > CTS 83.125 > GTNR 16.125 > KING 66.125 > NURM 13.125 > PEAKF 13.25 > > I currently have calls on TQNT and ZOMX. > > Comments or questions are welcomed. > > -- > Peter Christiansen > Chiang Mai - Thailand > > > <*> "The man who produces while others dispose of his product is a > slave." <*> > > - - - ------------------------------ Date: Thu, 27 Jan 2000 00:57:58 +0100 From: "Makara Tamás" Subject: [CANSLIM] Market I go flat. As I trade in Europe that will be before the US market opens. I know Nasdaq has not taken out the early January low of 3711.09, but Mondays distribution and todays action makes me scared. The leaders are extended, volatility and volume is extreme. I know a good ECI and GDP deflator could diminish rate fears but I don't care. Price and volume action comes first. Good luck to all, Tamas - - ------------------------------ Date: Wed, 26 Jan 2000 17:51:07 -0700 From: Earl Setser Subject: RE: [CANSLIM] Re: (canslim) "it is starting to annoy me" Hmm, what we need here is a daily chart that we can enter the date. I don't know of a service that proivdes this. Anyone know of one? At 02:14 AM 1/26/00 -0800, you wrote: >On 8/30, MMCN closed at 50. On 8/31, it opened at 49 and closed at 30.50. A >hard stop at 46 5/8 would probably have saved you money. > >Mike > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser >Sent: Tuesday, January 25, 2000 6:33 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" > > >Well, I remember watching MMCN back then, and I think it gapped down. If >this is true, then a hard stop wouldn't have helped. I think this is one >that would have burned you no matter what. I'm not sure, but that's how I >remember it. I thought maybe you knew. The point is even a hard stop is >no guarantee you can get out when you want in the case of gaps. > >At 08:23 PM 1/25/00 -0500, you wrote: >>Earl. >> I was in MMCN at about 55. I checked the price by phone one >>morning and it was at 30. I thought it must have split. I think a hard >>stop is needed if you don't have a profit in the stock . >> >> >>- >> >> >> > > >- > > >- > > > - - ------------------------------ Date: Wed, 26 Jan 2000 17:35:42 -0700 From: Earl Setser Subject: Re: [CANSLIM] M in CANSLIM IBD seems to be talked about some of these also. BUT, then they point out that the NAS has acted in a VERY healthy manner. Our Distribution Day on the NAS earlier this week was the first since Dec 28, and therefore everything seems to chugging along well. It also points out that watching your own stocks is really the key anyway, but also watch the market leaders for signs of general weakness and failed breakouts. At 05:33 PM 1/25/00 -0800, you wrote: >Tim, >I keep hopping out at each major correction and probably loose >some points by it. So, maybe we should begin to talk about how >we will know it is really time to get off. It seems close to me >but on the other hand >1. it is a presidential election year and Greenspan won't want >to swing the election by having a stock market crash occur. >2. it is still in the strong seasonal effect. The period >between December and May doesn't support bear markets, in large >part because of money flowing into the market. >3. the economy is still very strong and like a giant oil tanker >slow to turn around. >4. the rest of the world is in recovery and will support >corporate profitiability. >5. corporate profits are coming in very strong this quarter. >6. liquidity seems to be no problem as whenever there is a >severe correction on wall st. the fed loosens up and interest >rates decline. > >On the first hand, >1. the rotation is fierce with the market getting narrower and >narrower. >2. the favored stocks are more and more extended with higher >and higher p/e's. >3. interest rates have already been raised 3/4 points in three >steps and will probably be raised another 3/4 points starting >next week (Feb 1-2). And as Marty Zweig says, never fight the >Fed but the trend is your friend. >4. inflation seems like it is accelerating despite the dept of >labor statistics to the contrary. >5. energy prices continue to tighten despite our decreased >reliance on fuel to maintain gdp growth. >6. our balance of payments is grossly negative and there will >come a time when other nations will no longer support the >dollar. >7. even greenspan thinks that we are in a bubble but does he >have the ability to prick it without having it explode? > >These are all Fundamental Analysis pros and con which on balance >make me very nervous. I have amassed enough money where i am >looking forward to enjoying and not loosing it. This is a >psychological con which is a very strong determinant in my >strategy. > >Perhaps someone(s) can put together a list of technical factors >which would tell us with some assurance? that we have reached >the end of the line. This market has so welll trained its >participants to buy the dips that it is becoming reflex. >Therefore a big one day melt down is an unreliable indicator. >Will we have the luxury of several distribution days before the >"big kahuna" or perhaps we will continue to have rotation and if >we are nimble continue to rotate out of the laggards into the >leaders. > >WON would say, we should be able to tell by the action of the >market but the rules seemed to have changed a great deal, so >what action are we looking for. Johan stepped out on New Years, >Walter Stock about a week ago, I lightened up today but I can't >point to anything other than the downdraft of yesterday along >with expectation of the Fed raising next week to justify it. > >That's all for now. >Rolatzi > - - ------------------------------ Date: Thu, 27 Jan 2000 08:26:53 +0700 From: "Peter D. Christiansen" Subject: Re: [CANSLIM] What I'm Watching Hi Craig, Yes, I believe that was announced on Oct 18, but the stock has continued to act very well, moving in lockstep with NT. I have done some news searches, but haven't been able to find the details of the deal. Peter Craig Griffin wrote: > Peter, > > I believe CLFY is being acquired by NT. > > Craig > > - - -- Peter Christiansen Chiang Mai - Thailand <*> "The man who produces while others dispose of his product is a slave." <*> - - ------------------------------ Date: Thu, 27 Jan 2000 08:25:57 +0700 From: "Peter D. Christiansen" Subject: Re: [CANSLIM] What I'm Watching Walter, After taking another look at GTNR, I have to say it is my least favorite from that list. I guess I would call it a funny looking cup and handle of sorts. Or maybe a double bottom, but the second bottom didn't undercut the first. What I don't like is that in the past two days, what looked like a tight little handle has now dropped into the lower half of the cup. Yes, I am using the high of 15.75 as my pivot point, as it is an obvious level of overhead resistance. When a pivot point is close to a round number, $16 in this case, I wait until the stock breaks out above the round number. This is something I picked up out of Stan Weinsteins's book. He feels that a lot of orders accumulate around round numbers. Thanks for the nice comments. Peter Walter Stock wrote: > Hi Peter, > > Thank you for your list of investment candidates. > I went through them in some detail, and they > are quite interesting. > > Given that you welcome comments and questions, > I thought that I would ask you your thoughts on GTNR : > > First, which chart formation are you looking at with this stock? > I can see several possibilities. > > Second, where do you derive the $16.125 pivot point ? > Is it based on the action on 12/12/98 ? My chart > shows a high of $15.75 on that date. Just wondering.... > > Congratulations on your house and welcome back. > > Remembering your contributions from when I was a > lurker (which seems long ago to me), I know that > if you choose to "de-lurk" on a continuing basis, > that our list will be the better for it. > > Walter Stock > > "Peter D. Christiansen" wrote: > > > Hello everyone. I've been away from trading for while I built a house, > > but have been lurking. I'm starting to get back into it now that I can > > devote my full energies to it. > > > > My current watch list is composed of the following issues and pivot > > points. > > > > AGY 17.125 > > CLFY 135.125 > > CTS 83.125 > > GTNR 16.125 > > KING 66.125 > > NURM 13.125 > > PEAKF 13.25 > > > > I currently have calls on TQNT and ZOMX. > > > > Comments or questions are welcomed. > > > > -- > > Peter Christiansen > > Chiang Mai - Thailand > > > > > > <*> "The man who produces while others dispose of his product is a > > slave." <*> > > > > - > > - - -- Peter Christiansen Chiang Mai - Thailand <*> "The man who produces while others dispose of his product is a slave." <*> - - ------------------------------ Date: Wed, 26 Jan 2000 19:21:52 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" Earl, Try the now faster (and free) http://www.clearstation.com Once a graph is displayed just click on it and a one year listing of the daily high/low, closing and volume of that stock is displayed. I really like that site. I also find it a great place to store my portfolio and keep watch lists. It will display graphs showing your entry/exit of your holdings, daily, weekly. monthly dollar and percentage gains and losses. - -Bill Triffet - ----- Original Message ----- From: Earl Setser To: Sent: Wednesday, January 26, 2000 4:51 PM Subject: RE: [CANSLIM] Re: (canslim) "it is starting to annoy me" > Hmm, what we need here is a daily chart that we can enter the date. I > don't know of a service that proivdes this. Anyone know of one? > > At 02:14 AM 1/26/00 -0800, you wrote: > >On 8/30, MMCN closed at 50. On 8/31, it opened at 49 and closed at 30.50. A > >hard stop at 46 5/8 would probably have saved you money. > > > >Mike > > - - ------------------------------ Date: Thu, 27 Jan 2000 16:48:35 +1300 From: "John Lynch" Subject: Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" Yahoo lets you enter date ranges in the table version. Try: http://chart.yahoo.com/t?a=08&b=01&c=99&d=01&e=26&f=00&g=d&s=mmcn&y=0&z=mmcn This shows: Date Open High Low Close Volume 1-Sep-99 27.875 28.25 23.25 26.75 16,229,100 31-Aug-99 49 49.1875 28 30.87 57,206,000 30-Aug-99 51.50 51.625 48.50 50 177,400 Given that the high was above the open a stop would have worked. This assumes that buyers were available while the price was plummeting. John - ----- Original Message ----- From: "Earl Setser" To: Sent: Thursday, January 27, 2000 1:51 PM Subject: RE: [CANSLIM] Re: (canslim) "it is starting to annoy me" Hmm, what we need here is a daily chart that we can enter the date. I don't know of a service that proivdes this. Anyone know of one? - - ------------------------------ Date: Wed, 26 Jan 2000 22:44:59 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Stocks Here are a couple of stocks that might be of interest - SEBL - spiked up out of a short base on better than expected earnings, triple usual volume today. ZBRA seems to be forming a nice base. Q is forming a sort of C&H thing, although left side somewhat higher than the right side. JNPR is definitely extended, might be worth watchng for a flag pattern. I haven't traded those things, but when I see them form there do seem to be some profitable opportunities. - - ------------------------------ Date: Thu, 27 Jan 2000 01:17:42 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MCOM breaking out Hi Pritish, In addition to the RS 22 aspect, I also note that revenues are only growing in the mid single digit percentages to low double digits. That, combined with the string of losses they are still incurring, would make me look elsewhere. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Pritish M Shah To: Sent: Wednesday, January 26, 2000 10:30 AM Subject: [CANSLIM] MCOM breaking out MCOM breaking out. It is within 2% of the breakout point. Volume on track to around 150% of ADV. Regards, Pritish - - - - ------------------------------ Date: Thu, 27 Jan 2000 01:34:30 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] dgo I just imported the list of Top 100 Industry Groups into excel without any problem. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: ebullock To: Sent: Wednesday, January 26, 2000 1:54 PM Subject: [CANSLIM] dgo can industry groups be imported from dgo on certain days only? Ed Bullock - - - - ------------------------------ Date: Thu, 27 Jan 2000 02:08:17 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" Unfortunately, the daily "high, low, opening" often doesn't paint a realistic picture of true trading on a day when there is a big gap up or down. Often, the "high" or "low" can be a measly 100 share trade. A better picture of true conditions might be found at a site like BigCharts where you can use one of the price weighed volume indicators to see where the real trading occurred, and where you might have been able to exit/enter. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Bill Triffet To: Sent: Wednesday, January 26, 2000 10:21 PM Subject: Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" Earl, Try the now faster (and free) http://www.clearstation.com Once a graph is displayed just click on it and a one year listing of the daily high/low, closing and volume of that stock is displayed. I really like that site. I also find it a great place to store my portfolio and keep watch lists. It will display graphs showing your entry/exit of your holdings, daily, weekly. monthly dollar and percentage gains and losses. - -Bill Triffet - ----- Original Message ----- From: Earl Setser To: Sent: Wednesday, January 26, 2000 4:51 PM Subject: RE: [CANSLIM] Re: (canslim) "it is starting to annoy me" > Hmm, what we need here is a daily chart that we can enter the date. I > don't know of a service that proivdes this. Anyone know of one? > > At 02:14 AM 1/26/00 -0800, you wrote: > >On 8/30, MMCN closed at 50. On 8/31, it opened at 49 and closed at 30.50. A > >hard stop at 46 5/8 would probably have saved you money. > > > >Mike > > - - - - ------------------------------ Date: Thu, 27 Jan 2000 02:21:10 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" All it really tells you is that a "manual" (e.g. a day limit) sell could have been executed above the stop. But it doesn't tell you if there was a subsequent halt, and gap following. Nor if the plunge was so rapid that only a handful of orders might have been executed before it was already down 15 or more points. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: John Lynch To: Sent: Wednesday, January 26, 2000 10:48 PM Subject: Re: [CANSLIM] Re: (canslim) "it is starting to annoy me" Yahoo lets you enter date ranges in the table version. Try: http://chart.yahoo.com/t?a=08&b=01&c=99&d=01&e=26&f=00&g=d&s =mmcn&y=0&z=mmcn This shows: Date Open High Low Close Volume 1-Sep-99 27.875 28.25 23.25 26.75 16,229,100 31-Aug-99 49 49.1875 28 30.87 57,206,000 30-Aug-99 51.50 51.625 48.50 50 177,400 Given that the high was above the open a stop would have worked. This assumes that buyers were available while the price was plummeting. John - ----- Original Message ----- From: "Earl Setser" To: Sent: Thursday, January 27, 2000 1:51 PM Subject: RE: [CANSLIM] Re: (canslim) "it is starting to annoy me" Hmm, what we need here is a daily chart that we can enter the date. I don't know of a service that proivdes this. Anyone know of one? - - - - ------------------------------ Date: Thu, 27 Jan 2000 10:05:19 -0600 (CST) From: Pritish M Shah Subject: [CANSLIM] New Mutual funds? Hi, How does one go about finding new mutual funds? It seems IBD had an article in last month or so where they were mentioning that average new mutual fund returns about 70% for the first year from the time that it was first offered. This is because the new funds will often use riskier methods to buy/sell stocks. I am also interested in finding out the stocks they would own so that I could invest in them and wait for them to run up the prices. Regards, Pritish - - ------------------------------ End of canslim-digest V2 #807 ***************************** 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.