From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #856 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 Friday, March 24 2000 Volume 02 : Number 856 In this issue: [CANSLIM] JDSU & EPS Rating ? Re: Subject: [CANSLIM] NAZ F/T day? Re: [CANSLIM] JDSU & EPS Rating ? Re: [CANSLIM] JDSU & EPS Rating ? Re: Subject: [CANSLIM] NAZ F/T day? Re: Subject: [CANSLIM] NAZ F/T day? [CANSLIM] DSPG approaching pivot point Re: [CANSLIM] JDSU & EPS Rating ? Re: [CANSLIM] JDSU & EPS Rating ? RE: Subject: [CANSLIM] RE:Charles Dille [CANSLIM] DSPG hits New High cup w/ handle [CANSLIM] P.S. DSPG volume up [CANSLIM] DSPG blows through pivot w/ volume up 90% [CANSLIM] Marder on the Markets Re: [CANSLIM] Marder on the Markets ---------------------------------------------------------------------- Date: Thu, 23 Mar 2000 18:21:10 -0800 (PST) From: Charles Braves Subject: [CANSLIM] JDSU & EPS Rating ? Can someone help me understand why JDSU has an EPS rating of 98 yet it hasn't had a positive earning? Maybe I am missing something, can someone explain? Thanks, Jim. Seffner, Florida. _____________________________________________________________ Get Free eMail at http://www.spinfinder.com - - ------------------------------ Date: 23 Mar 2000 18:50:21 -0800 From: "Tim Fisher" Subject: Re: Subject: [CANSLIM] NAZ F/T day? Earl, I bot the following partly based on % drop during the correction and distance from 52-week high: BVSN CHKP CMVT EMLX ISSX MERQ NTAP PMCS QLGC SEBL So far I am net negative but none have triggered a 15% stop on a closing basis. I have one trade left (sold XETA for a small profit) and really really want BRCM so I suppose I will put in an order for the open tomorrow. At 07:15 PM 3/23/00 -0700, you wrote: >IBD discussed that there had been 2 or 3 days of Distribution on the NASDAQ >sometime last week. The next day was solidly down on higher volume, so I >counted that as 4 and decided to tighten my sell-points. This put me out >of three of my holdings on Thursday and the other holding on Tuesday. > >How are most people handling this turn-around? I have purchased several >stocks that based with the correction, in other words, 8-10 day bases. My >reasoning is that it's impossible to form a 7 + week base during a 1 week >correction. I'm not sure how this will work, but I went for stocks with >good volume signals during the corrections and setting or close to new >highs. Comments? Suggestions? > >At 07:49 AM 3/23/00 -0500, you wrote: > >Maybe I am confused here, but did we ever get a NASD sell signal? The > >largest cluster of distribution days that I can find since Nov 1 is three. I > >have found in WON's writings that you need four or five days. In a different > >place he wrote that you need four days. Also the way that I am reading it is > >that when you do get this signal you start looking to get out. Don't dump > >everything right then, but don't wait long. > > > >In investors corner just a few days ago it said that Kuhn had gotten out of > >a stock on the first distribution day of this recent three day cluster, and > >the example they gave had good reason. But the article made it sound like he > >was mostly or all in cash. > > > >There have been three NASD dips this year. I have been more or less fully > >invested since Nov 1, and have held no three letter stocks since mid or late > >January since the DOW did throw five distribution days. I did just buy one > >late last week. > > > >My percent drops from the top in the three dips were: 11.96, 16.32, & 18.09. > >Each time my account bounced back and went higher. Well I am still waiting > >on this last time. High this year 48.78% current 47.32%. > > > >Are these acceptable dips or is there a way to prevent them. > > > >I would encourage all thoughts and comments. > > > >From: wroblewski@uswest.net > >Sent: Tuesday, March 21, 2000 3:54 PM > >To: canslim list > >Subject: [CANSLIM] NAZ F/T day? > > > >Today was day 4 of the current Nasdaq rally that began with > >last thursday's turn-around. > > > >Today the Naz was up 100.71 points (+ 2.1%) on volume > >(1.749B shares) that increased from yesterday's volume > >(1.526B shares). > > > >Because today's Nasdaq low of 4467.53 did not undercut last > >thursday's low of 4455.10, I think this was a valid Naz > >Follow Thru ( F/T) day. > > > >Do others concur or disagree? > > > >Thanks, > >Ziggy > > > >______________________________________________ > >FREE Personalized Email at Mail.com > >Sign up at http://www.mail.com/?sr=signup > > > > > >- > > > > > > > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: 23 Mar 2000 18:58:04 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] JDSU & EPS Rating ? 1Q00 +121% projected 2Q00 +90% projected Those are immensely positive Q0/Q-4 comparisons. Absolute value of earnings is irrelevant to the EPS ranking. P.S. earnings the past 5 quarters have been: +3c +5c +6c +7c +9c, FY00 - 40c FY99 - 18c so I don't see any negative numbers here anyway. At 06:21 PM 3/23/00 -0800, you wrote: >Can someone help me understand why JDSU has an EPS rating of 98 yet it >hasn't had a positive earning? Maybe I am missing something, can someone >explain? > > > >Thanks, > >Jim. > >Seffner, Florida. > >_____________________________________________________________ >Get Free eMail at http://www.spinfinder.com > >- 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, 23 Mar 2000 20:05:49 -0700 From: Earl Setser Subject: Re: [CANSLIM] JDSU & EPS Rating ? IBD takes one-time charges out of the earnings estimates. I don't know the specifics on JDSU (and I probably should), but I would guess they had a big charge sometime last year. At 06:21 PM 3/23/00 -0800, you wrote: >Can someone help me understand why JDSU has an EPS rating of 98 yet it hasn't had a positive earning? Maybe I am missing something, can someone explain? > >Thanks, >Jim. >Seffner, Florida. > >_____________________________________________________________ >Get Free eMail at http://www.spinfinder.com > >- > > > - - ------------------------------ Date: Thu, 23 Mar 2000 20:08:08 -0700 From: Earl Setser Subject: Re: Subject: [CANSLIM] NAZ F/T day? FYI, I have picked up the following this week: ETEK NT EMLX VRTS AMCC Both EMLX and VRTS gave up some ground after I bot them this morning, but are still clear of -8%. I am up slightly overall this week, mostly due to ETEK's runup today. At 06:50 PM 3/23/00 -0800, you wrote: >Earl, I bot the following partly based on % drop during the correction and >distance from 52-week high: > >BVSN CHKP CMVT EMLX ISSX MERQ NTAP PMCS QLGC SEBL > >So far I am net negative but none have triggered a 15% stop on a closing >basis. I have one trade left (sold XETA for a small profit) and really >really want BRCM so I suppose I will put in an order for the open tomorrow. > >At 07:15 PM 3/23/00 -0700, you wrote: >>IBD discussed that there had been 2 or 3 days of Distribution on the NASDAQ >>sometime last week. The next day was solidly down on higher volume, so I >>counted that as 4 and decided to tighten my sell-points. This put me out >>of three of my holdings on Thursday and the other holding on Tuesday. >> >>How are most people handling this turn-around? I have purchased several >>stocks that based with the correction, in other words, 8-10 day bases. My >>reasoning is that it's impossible to form a 7 + week base during a 1 week >>correction. I'm not sure how this will work, but I went for stocks with >>good volume signals during the corrections and setting or close to new >>highs. Comments? Suggestions? >> >>At 07:49 AM 3/23/00 -0500, you wrote: >> >Maybe I am confused here, but did we ever get a NASD sell signal? The >> >largest cluster of distribution days that I can find since Nov 1 is three. I >> >have found in WON's writings that you need four or five days. In a different >> >place he wrote that you need four days. Also the way that I am reading it is >> >that when you do get this signal you start looking to get out. Don't dump >> >everything right then, but don't wait long. >> > >> >In investors corner just a few days ago it said that Kuhn had gotten out of >> >a stock on the first distribution day of this recent three day cluster, and >> >the example they gave had good reason. But the article made it sound like he >> >was mostly or all in cash. >> > >> >There have been three NASD dips this year. I have been more or less fully >> >invested since Nov 1, and have held no three letter stocks since mid or late >> >January since the DOW did throw five distribution days. I did just buy one >> >late last week. >> > >> >My percent drops from the top in the three dips were: 11.96, 16.32, & 18.09. >> >Each time my account bounced back and went higher. Well I am still waiting >> >on this last time. High this year 48.78% current 47.32%. >> > >> >Are these acceptable dips or is there a way to prevent them. >> > >> >I would encourage all thoughts and comments. >> > >> >From: wroblewski@uswest.net >> >Sent: Tuesday, March 21, 2000 3:54 PM >> >To: canslim list >> >Subject: [CANSLIM] NAZ F/T day? >> > >> >Today was day 4 of the current Nasdaq rally that began with >> >last thursday's turn-around. >> > >> >Today the Naz was up 100.71 points (+ 2.1%) on volume >> >(1.749B shares) that increased from yesterday's volume >> >(1.526B shares). >> > >> >Because today's Nasdaq low of 4467.53 did not undercut last >> >thursday's low of 4455.10, I think this was a valid Naz >> >Follow Thru ( F/T) day. >> > >> >Do others concur or disagree? >> > >> >Thanks, >> >Ziggy >> > >> >______________________________________________ >> >FREE Personalized Email at Mail.com >> >Sign up at http://www.mail.com/?sr=signup >> > >> > >> >- >> > >> > >> > >> >> >>- > >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, 23 Mar 2000 21:24:23 -0700 From: "Patrick Wahl" Subject: Re: Subject: [CANSLIM] NAZ F/T day? On 23 Mar 00, at 19:15, Earl Setser wrote: > How are most people handling this turn-around? I have purchased several > stocks that based with the correction, in other words, 8-10 day bases. My > reasoning is that it's impossible to form a 7 + week base during a 1 week > correction. I'm not sure how this will work, but I went for stocks with > good volume signals during the corrections and setting or close to new > highs. Comments? Suggestions? Probably ok to buy into something that shows strength in the face of the fairly sharp sell of we had last week, I noticed that CSCO and INTC barely flinched when the nasdaq was getting whacked last week, then moved up this week when the market started up. I think this is probably more suitable for short term trading - - ------------------------------ Date: Fri, 24 Mar 2000 06:24:37 -0800 From: Mary Keener Subject: [CANSLIM] DSPG approaching pivot point Don't like the low volume in the past few days. What do you think? Mary - - ------------------------------ Date: Fri, 24 Mar 2000 06:29:54 -0800 (PST) From: Charles Braves Subject: Re: [CANSLIM] JDSU & EPS Rating ? Tim, I looked-up at the EPS for 1999 and is negative -.54, for 1998 is negative -.30 per share ? Again, where are you getting this information? Thanks, Jim. Company Performance ($mil) Revenue EPS Dividend Rate 1999 282.7 (0.54) 0.00 1998 175.8 (0.30) 0.00 1997 107.0 (0.08) 0.00 1996 69.0 0.02 0.00 1995 42.2 0.01 0.00 Growth Rate (%) 61.84 NC NC Industry Growth Rate (%) 5.92 (6.57) (17.74) - --- Tim Fisher wrote: >1Q00 +121% projected >2Q00 +90% projected > >Those are immensely positive Q0/Q-4 comparisons. Absolute value of earnings >is irrelevant to the EPS ranking. > >P.S. earnings the past 5 quarters have been: +3c +5c +6c +7c +9c, >FY00 - 40c >FY99 - 18c >so I don't see any negative numbers here anyway. > >At 06:21 PM 3/23/00 -0800, you wrote: >>Can someone help me understand why JDSU has an EPS rating of 98 yet it >>hasn't had a positive earning? Maybe I am missing something, can someone >>explain? >> >> >> >>Thanks, >> >>Jim. >> >>Seffner, Florida. >> >>_____________________________________________________________ >>Get Free eMail at http://www.spinfinder.com >> >>- > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- _____________________________________________________________ Get Free eMail at http://www.spinfinder.com - - ------------------------------ Date: 24 Mar 2000 07:02:37 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] JDSU & EPS Rating ? I am getting it from a source that obviously removes large one-time charges. At 06:29 AM 3/24/00 -0800, you wrote: >Tim, >I looked-up at the EPS for 1999 and is negative -.54, for 1998 is negative >-.30 per share ? >Again, where are you getting this information? >Thanks, >Jim. > >Company Performance ($mil) > Revenue EPS Dividend Rate >1999 282.7 (0.54) 0.00 >1998 175.8 (0.30) 0.00 >1997 107.0 (0.08) 0.00 >1996 69.0 0.02 0.00 >1995 42.2 0.01 0.00 > >Growth Rate (%) 61.84 NC NC >Industry Growth Rate (%) 5.92 (6.57) (17.74) 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, 24 Mar 2000 12:22:31 -0600 From: "John Adair" Subject: RE: Subject: [CANSLIM] RE:Charles Dille The Dallas Canlslim group meets the first third and fifth saturday of each month at the Brookhaven Country club. The only charge is breakfast $8.00. I drive 125 miles to attend and feel it is very worthwhile. I have been attending for about 7 years. Anyone may attend - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of chris dempsey Sent: Thursday, March 23, 2000 6:16 AM To: canslim@lists.xmission.com Subject: Subject: [CANSLIM] RE:Charles Dille Please tell us about your CANSLIM group in Dallas. Do you know if there are others across the country? How often do you get together? Do you think it is helpful? Etc., etc., etc. From: John Adair [xjadair@brightok.net] Sent: Wednesday, March 22, 2000 5:56 PM To: canslim@lists.xmission.com Subject: [CANSLIM] RE:Charles Dille To Charles Dille drop Me a line with your email address. We Have A Canslim Group In Dallas. ______________________________________________ FREE Personalized Email at Mail.com Sign up at http://www.mail.com/?sr=signup - - - - ------------------------------ Date: Fri, 24 Mar 2000 14:47:20 -0800 From: han.26@osu.edu Subject: [CANSLIM] DSPG hits New High cup w/ handle Take a look at DSPG. I'm glad I didn't sell it. It just jumped onto the weekend review stocks, perhaps a day late to take action, though. The cup w/ handle shows up better on a technical DAILY chart (stockmaster.com for example) [than on the weekend review WEEKly chart]. Maybe it will dip a bit for a last chance pivot point before a potentially long run. It has already come back from 64 [59 initial pivot] to 61 as of 2:20 PM, but it could take off for a long run. Jim the-lucky-SOB-short-term-over-exuberant-greedy-bull - - ------------------------------ Date: Fri, 24 Mar 2000 15:11:04 -0800 From: han.26@osu.edu Subject: [CANSLIM] P.S. DSPG volume up DSPG's volume is also up to about 700,000 as of 2:50PM. It's avg. volume is around 500,000. It's float is still reasonable at 25 million shares outstanding. - -Happy hunting Jim the-over-hyphenated - - ------------------------------ Date: Fri, 24 Mar 2000 16:29:15 -0800 From: han.26@osu.edu Subject: [CANSLIM] DSPG blows through pivot w/ volume up 90% With average daily volume of 423,000 as it was consolidating through it's recent handle, DSPG shot up to a new high of 60 3/4 on 90% increased volume (of 807,400) today, Friday, 3/24. It's still not too extended (from 59) to jump in within 5% of it's new high. You have a whole weekend to research it, too. I realize this is my 4th post on this stock, but this is the first one I've owned just as it went through the proper pivot, and I know how quickly the correct purchase price can fly by. Also, the telecom group showed up atop the new highs list (not percentage just total number: 28). As a communications EQUIPMENT industry group member, DSPG could also benefit from a peripheral[?] group move as a supplier to the telecom. group. Worth a serious look, IMO. Jim the-etcetera-etc. - - ------------------------------ Date: Fri, 24 Mar 0 18:29:14 LOC From: Tim Sowden Subject: [CANSLIM] Marder on the Markets Kevin Marder has posted another "Marder on the Markets" article for CBS MarketWatch. I guess he's going to do the occasional guest column there from his regular stint at TradingMarkets.com The URL is: http://cbs.marketwatch.com/archive/20000324/news/current/marder.htx?source=blq - - ------------------------------ Date: 24 Mar 2000 18:50:26 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Marder on the Markets Interesting. He counts the closing price of the NASDAQ as the low in late Jan. The intraday low was the next day, so his followthrough day did not occur in the 4-10 day window if the intraday low is used (it was on day 3 after the intraday low). I just can't resist gloating a little: he bot JNPR 15 pts higher than I did! I admit gambling on that flag before it broke up. >The first stock I bought was Juniper Networks (JNPR: news, msgs), breaking >out of a nine-day mini-base on big volume. The volume dry-up during the >construction of the base was exceedingly bullish. That told me that >profit-takers were scarce despite the stock exploding for a 54 percent >gain on an intraday basis over the prior six-day period. When a stock acts >exceedingly well in the first day or two after purchase, I often add to >the position. I did so with Juniper. And then he did with ARBA what I did with JNPR! Thanks for the article, fascinating. >On Feb. 4, I "cheated" by buying Ariba (ARBA: news, msgs) before it >actually cleared its base. Cheating is a riskier play and should only be >attempted by experienced traders of this strategy. But it pays off big if >done early in a fresh intermediate-term market advance. I then added to >the position a week later on Feb. 11 as the stock formally broke out of >its base. >Moving to the present, the Dow put in an O'Neil follow-through day on >Wednesday, March 15 when it rose 3.3 percent on higher volume than the >prior day. Since I dwell exclusively in the aggressive growth sector, >seeing the Dow explode March 15 and 16 was kind of like kissing my sister. >On March 21, however, the Nasdaq Composite recorded an O'Neil >follow-through day of its own, advancing 2.2 percent on increased volume >from the previous day. Hmmm, follow-through from what? I thought I was jumping the gun (seriously, severely, psychotically even) when I went back in 100% on Monday AM. For 2 days I thought I was wrong. Now Marder says that nasty spike down Tuesday was the follow-through. Guess I don't see it - the low was the 15th and it was revisited the 21st. I'd hardly call that a follow-through, more like testing the low again and surviving (and coincidentally closing 1% up on volume). At 06:29 PM 3/24/00 +0000, you wrote: >Kevin Marder has posted another "Marder on the Markets" article for >CBS MarketWatch. > >I guess he's going to do the occasional guest column there from his regular >stint at TradingMarkets.com > >The URL is: > >http://cbs.marketwatch.com/archive/20000324/news/current/marder.htx?source=blq Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ End of canslim-digest V2 #856 ***************************** 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.