From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 01 Nov 2000 08:00:01 -0700 This is a twice monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are three remedies for this problem: 1) You can leave our group. 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. Or, 3) You can setup customized filters on your own mail client to sort the incoming canslim messages to its own folder. If you wish to modify your canslim subscription, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - ------------------------------------------------------------------------------- From: "Dave Massaglia" Subject: [CANSLIM] SHFL Date: 01 Nov 2000 09:49:41 CST I was fortunate to hold on to SHFL. I bought it at 12..... Can someone look at the fundamentals? It looks as though it might be a strong stock. I'm looking to wee if I should exit this one soon. Thanks _________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com. Share information about yourself, create your own public profile at http://profiles.msn.com. - ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: [CANSLIM] APWR Date: 01 Nov 2000 16:59:51 -0800 I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I resisted because earnings hadn't been released yet were SRNA and WATR. Does anyone here sell before earnings are released? That seems like it might be prudent. Mike - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] APWR Date: 02 Nov 2000 06:27:37 -0800 I don't sell before earnings, but I don't buy either. Why sell unless the outlook is already poor? Many of the recent breakouts in this yucky M have been on earnings surprises...just out of curiosity, how can you tell a pullback from a b/o from a failed b/o? At 04:59 PM 11/1/00 -0800, you wrote: >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I >resisted because earnings hadn't been released yet were SRNA and WATR. > >Does anyone here sell before earnings are released? That seems like it might >be prudent. > >Mike > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Date: 02 Nov 2000 08:00:01 -0700 Everyone, There are times when you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ If you need some help doing this step, there are ftp instructions below. 2. Send mail to me directly at "owner-canslim@xmission.com" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the canslim directory where people will be able to download your file. 3. After I notify you that the file has been moved to the canslim directory, you should send an email to the canslim group describing your file, and its URL (i.e. ftp://ftp.xmission.com/pub/users/m/mcjathan/GreatBoom.gif). Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury =========================================================================== FTP Instructions: 1. Using Netscape, go to the URL: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: [CANSLIM] Raising the bar? Date: 02 Nov 2000 11:54:25 -0600 From IBD's "The Big Picture" of 1 NOV: "In past years, a 1% move was sufficient. But with the market's volatility and immense power of big mutual fund families, you want to see a gain of at least 1.5%." Has a seminar attendee or any others heard of this increased percentage for a follow-through confirmation? Does "The Big Picture" speak for WON? Thanks for your comments, Best wishes, Walt - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 10:07:42 -0800 No, and no, but I totally agree. That said, I believe Tuesday qualified as an f/t day on most if not all major indices. Did they mention Tuesday? On 09:54 AM 11/2/00, walter nusbaum Said: > From IBD's "The Big Picture" of 1 NOV: "In past years, a 1% move was >sufficient. But with the market's volatility and immense power of big mutual >fund families, you want to see a gain of at least 1.5%." > >Has a seminar attendee or any others heard of this increased percentage for >a follow-through confirmation? Does "The Big Picture" speak for WON? Thanks >for your comments, >Best wishes, >Walt Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 12:32:20 -0800 Don't have the copy in front of me so I'm paraphrasing: Yes, but did go on to say not to buy the farm yet as the leadership is in many cyclical such a HMO's etc. Not the leadership one wants in a fresh rally. I'm sure some folks here have and will do well this year on these stocks but that was my take of the article Perhaps there is an archive area at the website? Picked up small buys of EDMC and MTH -Bill ----- Original Message ----- Sent: Thursday, November 02, 2000 10:07 AM > No, and no, but I totally agree. That said, I believe Tuesday qualified as > an f/t day on most if not all major indices. Did they mention Tuesday? > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 13:57:08 -0800 Me too! Actually my best purchase of this week has been MTH. On 12:32 PM 11/2/00, Bill Triffet Said: >Don't have the copy in front of me so I'm paraphrasing: > >Yes, but did go on to say not to buy the farm yet as the leadership is in >many cyclical such a HMO's etc. Not the leadership one wants in a fresh >rally. I'm sure some folks here have and will do well this year on these >stocks but that was my take of the article >Perhaps there is an archive area at the website? > >Picked up small buys of EDMC and MTH > > >-Bill > >----- Original Message ----- >From: "Tim Fisher" >To: >Sent: Thursday, November 02, 2000 10:07 AM >Subject: Re: [CANSLIM] Raising the bar? > > > > No, and no, but I totally agree. That said, I believe Tuesday qualified as > > an f/t day on most if not all major indices. Did they mention Tuesday? > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 14:36:46 -0800 IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but these are definitely not cyclicals (nor are med services). Cyclicals are basic industries, extractive resources, mining, manufacturing, semiconductors, banks, etc. Does IBD actually watch leading stocks in leading industries like they are supposed to? Or have they bought into the tech-is-all-that-matters mentality that the rest of the analysts seem to be espousing these days? The first rally I used CANSLIM, financials and oils led the markets (both NASDAQ and NYSE). Techs were stalled, nets were unheard-of. I made a ton of money off that rally. This time, it seems biomeds, med services and financial mgt sectors are leading the charge. Someone needs to show me the money (i.e. show me med services on a list of traditional cyclical market sectors) on that one. Who writes that column anyway? On 12:32 PM 11/2/00, Bill Triffet Said: >Don't have the copy in front of me so I'm paraphrasing: > >Yes, but did go on to say not to buy the farm yet as the leadership is in >many cyclical such a HMO's etc. Not the leadership one wants in a fresh >rally. I'm sure some folks here have and will do well this year on these >stocks but that was my take of the article >Perhaps there is an archive area at the website? > >Picked up small buys of EDMC and MTH > > >-Bill > >----- Original Message ----- >From: "Tim Fisher" >To: >Sent: Thursday, November 02, 2000 10:07 AM >Subject: Re: [CANSLIM] Raising the bar? > > > > No, and no, but I totally agree. That said, I believe Tuesday qualified as > > an f/t day on most if not all major indices. Did they mention Tuesday? > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: rolatzi Subject: Re: [CANSLIM] APWR Date: 02 Nov 2000 15:08:29 -0800 (PST) I have noticed with my watch lists that in general the share prices have run up on expectations and pulled back after release of earnings, even if the earnings beat the street. Maybe that's the sign of a bear market but that seems to be the current pattern. rolatzi --- Mike Lucero wrote: > I bought APWR on 10/27 in a pullback from a breakout. I > did notice it was to > release earnings 11/5 (per DGO) but bought it anyway. Two > other stocks I > resisted because earnings hadn't been released yet were > SRNA and WATR. > > Does anyone here sell before earnings are released? That > seems like it might > be prudent. > > Mike > > - > __________________________________________________ Do You Yahoo!? From homework help to love advice, Yahoo! Experts has your answer. http://experts.yahoo.com/ - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 17:25:17 -0600 Tim & Bill, Tim, yes Tuesday was proclaimed a FT day. Bill, one of the FAQs on their site still referenced 1% as a FT requirement. Best wishes, Walt (Snip) > Perhaps there is an archive area at the website? (Snip) > -Bill > > From: "Tim Fisher" (Snip) > > No, and no, but I totally agree. That said, I believe Tuesday qualified as > > an f/t day on most if not all major indices. Did they mention Tuesday? - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 16:47:51 -0800 I looked at MSS before the breakout but was nervous about the low trading volume. Happy with the MTH buy so far. Perhaps this time I won't let it go all way back to zero like my last few tries. (g) -Bill ----- Original Message ----- Sent: Thursday, November 02, 2000 2:36 PM > IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but > these are definitely not cyclicals (nor are med services). Cyclicals are > basic industries, extractive resources, mining, manufacturing, > semiconductors, banks, etc. Does IBD actually watch leading stocks in > leading industries like they are supposed to? Or have they bought into the > tech-is-all-that-matters mentality that the rest of the analysts seem to be > espousing these days? The first rally I used CANSLIM, financials and oils > led the markets (both NASDAQ and NYSE). Techs were stalled, nets were > unheard-of. I made a ton of money off that rally. This time, it seems > biomeds, med services and financial mgt sectors are leading the charge. > Someone needs to show me the money (i.e. show me med services on a list of > traditional cyclical market sectors) on that one. Who writes that column > anyway? - ------------------------------------------------------------------------------- From: charles maier Subject: [CANSLIM] Some charts look good Date: 02 Nov 2000 16:08:50 -0800 (PST) Charts are firming up out there and I'm seeing some nice breakouts. I haven't checked all IBD criteria on these, but charts are good IMHO QLGC - breakout from long consolidation at 101 to 106 good for 30-50 pts. lot of charts firming up in this sector from oversold condition. PALM has been hot from good consolidation at 43, now almost 60. ELNT never stops. Others firming up include : MU STM TQNT AHAA ATMI LSI ETC. Retail shoe and apparel coming back a bit including ANF - may pop from base on base @ 25 target mid to low 30s from 2 month base on base and beautiful C & H before that. TOM had a beautiful breakout on good earnings the past few days. A couple of small tech companies PLNR - all time high today on good earnings. Flat panel display. AINN is back to original base at about 15. Chart ugly. went to 28 earlier in year. I recommend tradingmarkets.com as a site which has a lot of IBD type strategies. They also help point out picks better than IBD itself in some ways. Have search engine. Also, they turn the long strategy on its head and have short selling strategies on low RS and low EPS stocks and use the same pivot point terminology we are familiar with. Loren Fleckenstein is an ex-IBD guy who writes at the site. I'd also be interested in any oversold companies anyone likes. You can email me on the side. - ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: Re: [CANSLIM] APWR Date: 02 Nov 2000 12:38:27 -0800 If I don't buy the breakout, then I wait for a pullback that stays above the pivot and use a buy stop above a (usually) 2-day high, so at least it has started moving in the right direction again. The day I bought APWR and the day after were both little up days on lower volume than the day before. Maybe that was a sign, but I usually wait for a stock to hit my sell stop or have a big down day. I believe buying the pullback fails more often than buying the breakout, but I place my sell stop right under the dip, so the initial risk is less and profit factor is higher. Mike ----- Original Message ----- Sent: Thursday, November 02, 2000 6:27 AM > I don't sell before earnings, but I don't buy either. Why sell unless the > outlook is already poor? Many of the recent breakouts in this yucky M have > been on earnings surprises...just out of curiosity, how can you tell a > pullback from a b/o from a failed b/o? > > At 04:59 PM 11/1/00 -0800, you wrote: > >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to > >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I > >resisted because earnings hadn't been released yet were SRNA and WATR. > > > >Does anyone here sell before earnings are released? That seems like it might > >be prudent. > > > >Mike > > > >- > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 19:41:48 -0700 I don't think that was quite what they said. My general impression was some of the leadership so far (insurance for example) wasn't likely to be a leader for any extended period of time. Hmm, let me grab that issue. Here are some excerpts: "The session (Nas) had all the elements of a classic follow-through...You could also argue the S&P500 followed through...many techs are still trading at frothy levels that don't lend themselves as launching pads for another big advance...Don't expect insurance and medical stocks--two sectors that have shown promise--to lead the market on a repeat performance of 1998 and 1999." Overall, they are showing some hesitance to jump in with both feet, and I agree. They are also playing both sides of the ball, which they seem to excel at. Overall, they liked the action, but aren't sure if the rally will succeed or that it will be a powerful one like the last two years. I'm more looking for a successful rally, and I don't think it has to be crazy to be profitable. BTW, I've added one position to get up to 2 of 7. I now hold LAB and KVA. I tried to get into GENZ today, but it never got to my limit price, I may get it tomorrow with a litte retrace. I'm "tip-toeing" in based on the FT days and some good action. Here's hoping we can rally higher for a few months this time!! At 02:36 PM 11/2/00 -0800, you wrote: >IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but >these are definitely not cyclicals (nor are med services). Cyclicals are >basic industries, extractive resources, mining, manufacturing, >semiconductors, banks, etc. Does IBD actually watch leading stocks in >leading industries like they are supposed to? Or have they bought into the >tech-is-all-that-matters mentality that the rest of the analysts seem to be >espousing these days? The first rally I used CANSLIM, financials and oils >led the markets (both NASDAQ and NYSE). Techs were stalled, nets were >unheard-of. I made a ton of money off that rally. This time, it seems >biomeds, med services and financial mgt sectors are leading the charge. >Someone needs to show me the money (i.e. show me med services on a list of >traditional cyclical market sectors) on that one. Who writes that column >anyway? > >On 12:32 PM 11/2/00, Bill Triffet Said: >>Don't have the copy in front of me so I'm paraphrasing: >> >>Yes, but did go on to say not to buy the farm yet as the leadership is in >>many cyclical such a HMO's etc. Not the leadership one wants in a fresh >>rally. I'm sure some folks here have and will do well this year on these >>stocks but that was my take of the article >>Perhaps there is an archive area at the website? >> >>Picked up small buys of EDMC and MTH >> >> >>-Bill >> >>----- Original Message ----- >>From: "Tim Fisher" >>To: >>Sent: Thursday, November 02, 2000 10:07 AM >>Subject: Re: [CANSLIM] Raising the bar? >> >> >> > No, and no, but I totally agree. That said, I believe Tuesday qualified as >> > an f/t day on most if not all major indices. Did they mention Tuesday? >> > >> >> >> >>- > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] Some charts look good Date: 02 Nov 2000 18:57:10 -0800 Unfortunately, yet again, these are for the most part far from CANSLIM. ELNT is the only one I recognize from recent scans. Most of the rest are either >50% from their highs or are not growth companies (ANF I recognize as a fallen CANSLIM angel). At 04:08 PM 11/2/00 -0800, you wrote: >Charts are firming up out there and I'm seeing some >nice breakouts. I haven't checked all IBD criteria on >these, but charts are good IMHO > >QLGC - breakout from long consolidation at 101 to 106 > good for 30-50 pts. > >lot of charts firming up in this sector from oversold >condition. PALM has been hot from good consolidation >at 43, now almost 60. ELNT never stops. Others >firming up include : MU STM TQNT AHAA ATMI LSI ETC. > >Retail shoe and apparel coming back a bit including > >ANF - may pop from base on base @ 25 target mid to low >30s from 2 month base on base and beautiful C & H >before that. TOM had a beautiful breakout on good >earnings the past few days. > >A couple of small tech companies > >PLNR - all time high today on good earnings. Flat >panel display. > >AINN is back to original base at about 15. Chart >ugly. > went to 28 earlier in year. > >I recommend tradingmarkets.com as a site which has a >lot of IBD type strategies. They also help point out >picks better than IBD itself in some ways. Have >search engine. Also, they turn the long strategy on >its head and have short selling strategies on low RS >and low EPS stocks and use the same pivot point >terminology we are familiar with. Loren Fleckenstein >is an ex-IBD guy who writes at the site. > >I'd also be interested in any oversold companies >anyone likes. You can email me on the side. > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 19:00:14 -0800 LAB intrigues me, it's been on my list almost since it went public. I have never found a comfortable entry for it though. This time around it hasn't formed a handle; really it has never based for very long. At 07:41 PM 11/2/00 -0700, you wrote: >I don't think that was quite what they said. My general impression was >some of the leadership so far (insurance for example) wasn't likely to be a >leader for any extended period of time. Hmm, let me grab that issue. Here >are some excerpts: > >"The session (Nas) had all the elements of a classic follow-through...You >could also argue the S&P500 followed through...many techs are still trading >at frothy levels that don't lend themselves as launching pads for another >big advance...Don't expect insurance and medical stocks--two sectors that >have shown promise--to lead the market on a repeat performance of 1998 and >1999." > >Overall, they are showing some hesitance to jump in with both feet, and I >agree. They are also playing both sides of the ball, which they seem to >excel at. Overall, they liked the action, but aren't sure if the rally >will succeed or that it will be a powerful one like the last two years. >I'm more looking for a successful rally, and I don't think it has to be >crazy to be profitable. > >BTW, I've added one position to get up to 2 of 7. I now hold LAB and KVA. >I tried to get into GENZ today, but it never got to my limit price, I may >get it tomorrow with a litte retrace. I'm "tip-toeing" in based on the FT >days and some good action. Here's hoping we can rally higher for a few >months this time!! > > > >At 02:36 PM 11/2/00 -0800, you wrote: > >IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but > >these are definitely not cyclicals (nor are med services). Cyclicals are > >basic industries, extractive resources, mining, manufacturing, > >semiconductors, banks, etc. Does IBD actually watch leading stocks in > >leading industries like they are supposed to? Or have they bought into the > >tech-is-all-that-matters mentality that the rest of the analysts seem to be > >espousing these days? The first rally I used CANSLIM, financials and oils > >led the markets (both NASDAQ and NYSE). Techs were stalled, nets were > >unheard-of. I made a ton of money off that rally. This time, it seems > >biomeds, med services and financial mgt sectors are leading the charge. > >Someone needs to show me the money (i.e. show me med services on a list of > >traditional cyclical market sectors) on that one. Who writes that column > >anyway? > > > >On 12:32 PM 11/2/00, Bill Triffet Said: > >>Don't have the copy in front of me so I'm paraphrasing: > >> > >>Yes, but did go on to say not to buy the farm yet as the leadership is in > >>many cyclical such a HMO's etc. Not the leadership one wants in a fresh > >>rally. I'm sure some folks here have and will do well this year on these > >>stocks but that was my take of the article > >>Perhaps there is an archive area at the website? > >> > >>Picked up small buys of EDMC and MTH > >> > >> > >>-Bill > >> > >>----- Original Message ----- > >>From: "Tim Fisher" > >>To: > >>Sent: Thursday, November 02, 2000 10:07 AM > >>Subject: Re: [CANSLIM] Raising the bar? > >> > >> > >> > No, and no, but I totally agree. That said, I believe Tuesday >qualified as > >> > an f/t day on most if not all major indices. Did they mention Tuesday? > >> > > >> > >> > >> > >>- > > > >Tim Fisher > >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > >Tim@OreRockOn.com > >WWW: http://OreRockOn.com > >See naked fish and rocks! > > > > > >- > > > > > > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "David Squires" Subject: RE: [CANSLIM] Raising the bar? Date: 02 Nov 2000 22:24:55 -0500 Hi all, The percentage rally is of little significance in my opinion. Certainly, volatility has reduced the reliability of the follow through day but that is just the "go" signal. If there is nothing to buy it means little. I'm sure many on this list have found some good charts to trade for the 25% profit target WON talks about. But are any TRUE leaders setting up properly?...I think not. Over the weekend I will be looking at literally thousands of charts as I do every weekend. Judging from my observations of this week's events I will likely pick up some new set-ups but I doubt it will produce the scores of sound LEADERS that must be present for a new bull cycle. A key problem with this "bottom" is there is all too many investors ready to herald in the new bull leg. A rally we need, and a rally we will get but backing up the truck here is a bit hasty without further confirmation. Few lasting bottoms have formed without an EXTENDED base of pessimism. I would be surprised to find out human psychology has changed. That said, the NASDAQ IS acting great. It ignored ALTR's forward quarter warning and rallied. Previous warnings produced large selloffs. Watch those key MA's and retracement numbers on the upside. These areas will be key inflection points. Good Trading, DSquires > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of walter nusbaum > Sent: Thursday, November 02, 2000 6:25 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Raising the bar? > > > Tim & Bill, > Tim, yes Tuesday was proclaimed a FT day. > > Bill, one of the FAQs on their site still referenced 1% as a FT > requirement. > Best wishes, > Walt > > From: "Bill Triffet" > (Snip) > > > Perhaps there is an archive area at the website? > (Snip) > > -Bill > > > > From: "Tim Fisher" > (Snip) > > > > No, and no, but I totally agree. That said, I believe Tuesday > qualified > as > > > an f/t day on most if not all major indices. Did they mention Tuesday? > > > > > > > > > - > - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Raising the bar? Date: 02 Nov 2000 21:13:35 -0800 Besides the lack of real fear with many investors ( I could be wrong), I tend to think many folks WILL sell positions when it hits the magic 25%. It's a nice even figure to sell with. I think that is what was happening with many traders during the last mini-rally. Then again, using WON selling rules may have produced the same results. Hoping it's another November like 1999. -Bill ----- Original Message ----- Sent: Thursday, November 02, 2000 7:24 PM > Hi all, > > The percentage rally is of little significance in my opinion. Certainly, > volatility has reduced the reliability of the follow through day but that is > just the "go" signal. If there is nothing to buy it means little. I'm sure > many on this list have found some good charts to trade for the 25% profit > target WON talks about. But are any TRUE leaders setting up properly?...I > think not. Over the weekend I will be looking at literally thousands of > charts as I do every weekend. Judging from my observations of this week's > events I will likely pick up some new set-ups but I doubt it will produce > the scores of sound LEADERS that must be present for a new bull cycle. > > A key problem with this "bottom" is there is all too many investors ready to > herald in the new bull leg. A rally we need, and a rally we will get but > backing up the truck here is a bit hasty without further confirmation. Few > lasting bottoms have formed without an EXTENDED base of pessimism. I would > be surprised to find out human psychology has changed. > > That said, the NASDAQ IS acting great. It ignored ALTR's forward quarter > warning and rallied. Previous warnings produced large selloffs. Watch those > key MA's and retracement numbers on the upside. These areas will be key > inflection points. > > Good Trading, > DSquires > - ------------------------------------------------------------------------------- From: Earl Setser Subject: [CANSLIM] Interesting Point from WON Date: 03 Nov 2000 06:39:53 -0700 Here is an interesting tidbit from WON from the IBD website. "Question: The Dow and the Nasdaq have both had "follow through" days. Will this potential rally falter with the lack of sound base patterns from quality companies? - Submitted from Durham, N.C. WON's Answer: Not necessarily. Now that you have had a follow-through, the only thing you know is that the market has now signaled its change of direction. If you don't see any quality stocks breaking out of sound bases on strong volume, then you don't buy anything. If the follow-through is "for real" and the market continues in a rally phase, you should begin to see quality stocks begin to break out of sound bases anywhere from one to 13 weeks after the follow-through day. It's possible that right now the potential leaders are building the right sides of their cups or other base patterns and will break out at some point a few weeks later. The good thing is that you don't have to know what the market is going to do. And if there are no breakouts occurring, then you will naturally not get sucked into a potentially failing follow-through. " Anyone else ever see the 1 to 13 week timeframe for quality breakouts to start? This was a new one for me, but I think it makes sense. After an extended down period, even the new leaders could have been beaten down enough that the right side of the cup could take weeks or longer to form. - ------------------------------------------------------------------------------- From: "David Squires" Subject: RE: [CANSLIM] Interesting Point from WON Date: 03 Nov 2000 09:22:35 -0500 The 1-13 week time frame is based on WON's study of many bull market cycles. In his study he found that quality leadership names will clear sound bases for up to 13 weeks after the low. This is why you can sit and wait for the real high growth leaders rather than slower growth names that set-up. DSquires > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser > Sent: Friday, November 03, 2000 8:40 AM > To: canslim@xmission.com > Cc: steven.e.mlaker@l-3com.com > Subject: [CANSLIM] Interesting Point from WON > > > Here is an interesting tidbit from WON from the IBD website. > > > "Question: The Dow and the Nasdaq have both had "follow through" > days. Will > this potential rally falter with the lack of sound base patterns from > quality companies? > > > - Submitted from > Durham, N.C. > > > > WON's Answer: Not necessarily. Now that you have had a follow-through, the > only thing you know is that the market has now signaled its change of > direction. If you don't see any quality stocks breaking out of sound bases > on strong volume, then you don't buy anything. If the follow-through is > "for real" and the market continues in a rally phase, you should begin to > see quality stocks begin to break out of sound bases anywhere from one to > 13 weeks after the follow-through day. It's possible that right now the > potential leaders are building the right sides of their cups or other base > patterns and will break out at some point a few weeks later. The > good thing > is that you don't have to know what the market is going to do. > And if there > are no breakouts occurring, then you will naturally not get sucked into a > potentially failing follow-through. " > > > Anyone else ever see the 1 to 13 week timeframe for quality breakouts to > start? This was a new one for me, but I think it makes sense. After an > extended down period, even the new leaders could have been beaten down > enough that the right side of the cup could take weeks or longer to form. > > - > > - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: Re: [CANSLIM] APWR Date: 03 Nov 2000 09:40:26 -0500 Mike, I've been thinking about doing something similar... Question: what is the ave risk you take on this buy (that would be the difference between your buy point and your stop loss)? Does this work out to be less than 5%? Also, I have been thinking that if the pullback starts rallying again, maybe it is even safer to buy 1/2 on the second day of rally (simply because I'd want to see it making higher high and a higher low, indicating that the pullback is over) and maybe 1/2 when it makes a new high (as you do). The stop loss would be at the same point as above: right below the pullback. Any thoughts? I have not given much thought to the volume: sure I want the volume on pullback to be low, but what about the volume during the rally out of the pullback? Also, maybe following your method one would not get whipsawed as often? Anna "Mike Lucero" on 11/02/2000 03:38:27 PM Please respond to canslim@lists.xmission.com cc: If I don't buy the breakout, then I wait for a pullback that stays above the pivot and use a buy stop above a (usually) 2-day high, so at least it has started moving in the right direction again. The day I bought APWR and the day after were both little up days on lower volume than the day before. Maybe that was a sign, but I usually wait for a stock to hit my sell stop or have a big down day. I believe buying the pullback fails more often than buying the breakout, but I place my sell stop right under the dip, so the initial risk is less and profit factor is higher. Mike ----- Original Message ----- Sent: Thursday, November 02, 2000 6:27 AM > I don't sell before earnings, but I don't buy either. Why sell unless the > outlook is already poor? Many of the recent breakouts in this yucky M have > been on earnings surprises...just out of curiosity, how can you tell a > pullback from a b/o from a failed b/o? > > At 04:59 PM 11/1/00 -0800, you wrote: > >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to > >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I > >resisted because earnings hadn't been released yet were SRNA and WATR. > > > >Does anyone here sell before earnings are released? That seems like it might > >be prudent. > > > >Mike > > > >- > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > > - - ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... Date: 03 Nov 2000 08:00:00 -0700 From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. Here are the two ways to access the archives: 1. The best way is to use your web browser. To browse the archives, point your browser to: http://www.xmission.com/~mcjathan/cgi/lwgate.cgi/CANSLIM/ You can do simple key-word searches on the archive by going to: http://www.xmission.com/~mcjathan/canslim/search.html 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - ------------------------------------------------------------------------------- From: Tim Fisher Subject: RE: [CANSLIM] Interesting Point from WON Date: 03 Nov 2000 10:01:35 -0800 This is an interesting assertion. have any data to back it up? Do rallies really start with slower growth companies? My impression has been that sectors rotate throughout a rally and the growth you observe as the rally matures is simply an artifact of the fact that a rally is driving prices, performance, the economy,and thus EPS. On 06:22 AM 11/3/00, David Squires Said: >The 1-13 week time frame is based on WON's study of many bull market cycles. >In his study he found that quality leadership names will clear sound bases >for up to 13 weeks after the low. This is why you can sit and wait for the >real high growth leaders rather than slower growth names that set-up. > >DSquires > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser > > Sent: Friday, November 03, 2000 8:40 AM > > To: canslim@xmission.com > > Cc: steven.e.mlaker@l-3com.com > > Subject: [CANSLIM] Interesting Point from WON > > > > > > Here is an interesting tidbit from WON from the IBD website. > > > > > > "Question: The Dow and the Nasdaq have both had "follow through" > > days. Will > > this potential rally falter with the lack of sound base patterns from > > quality companies? > > > > > > - Submitted from > > Durham, N.C. > > > > > > > > WON's Answer: Not necessarily. Now that you have had a follow-through, the > > only thing you know is that the market has now signaled its change of > > direction. If you don't see any quality stocks breaking out of sound bases > > on strong volume, then you don't buy anything. If the follow-through is > > "for real" and the market continues in a rally phase, you should begin to > > see quality stocks begin to break out of sound bases anywhere from one to > > 13 weeks after the follow-through day. It's possible that right now the > > potential leaders are building the right sides of their cups or other base > > patterns and will break out at some point a few weeks later. The > > good thing > > is that you don't have to know what the market is going to do. > > And if there > > are no breakouts occurring, then you will naturally not get sucked into a > > potentially failing follow-through. " > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality breakouts to > > start? This was a new one for me, but I think it makes sense. After an > > extended down period, even the new leaders could have been beaten down > > enough that the right side of the cup could take weeks or longer to form. > > > > - > > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: Re: [CANSLIM] APWR Date: 03 Nov 2000 12:36:37 -0800 One could just put the stop above the highest high, but the 2-day high could be below that. If the stock's high has gone down for two days and the highs were 100, 99, 98, then I'd usually put my stop at 99.125. I think this cuts down on whipsaws compared to placing it at 98.125. You could wait for the stock to not make a lower low than the day before, a la Elder, or a higher high. I'm not sure it makes that much difference. The strategy test average loss is around 8%. I'm not calculating the average initial risk. Mike ----- Original Message ----- Sent: Friday, November 03, 2000 6:40 AM Mike, I've been thinking about doing something similar... Question: what is the ave risk you take on this buy (that would be the difference between your buy point and your stop loss)? Does this work out to be less than 5%? Also, I have been thinking that if the pullback starts rallying again, maybe it is even safer to buy 1/2 on the second day of rally (simply because I'd want to see it making higher high and a higher low, indicating that the pullback is over) and maybe 1/2 when it makes a new high (as you do). The stop loss would be at the same point as above: right below the pullback. Any thoughts? I have not given much thought to the volume: sure I want the volume on pullback to be low, but what about the volume during the rally out of the pullback? Also, maybe following your method one would not get whipsawed as often? Anna "Mike Lucero" on 11/02/2000 03:38:27 PM Please respond to canslim@lists.xmission.com cc: If I don't buy the breakout, then I wait for a pullback that stays above the pivot and use a buy stop above a (usually) 2-day high, so at least it has started moving in the right direction again. The day I bought APWR and the day after were both little up days on lower volume than the day before. Maybe that was a sign, but I usually wait for a stock to hit my sell stop or have a big down day. I believe buying the pullback fails more often than buying the breakout, but I place my sell stop right under the dip, so the initial risk is less and profit factor is higher. Mike ----- Original Message ----- Sent: Thursday, November 02, 2000 6:27 AM > I don't sell before earnings, but I don't buy either. Why sell unless the > outlook is already poor? Many of the recent breakouts in this yucky M have > been on earnings surprises...just out of curiosity, how can you tell a > pullback from a b/o from a failed b/o? > > At 04:59 PM 11/1/00 -0800, you wrote: > >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to > >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I > >resisted because earnings hadn't been released yet were SRNA and WATR. > > > >Does anyone here sell before earnings are released? That seems like it might > >be prudent. > > > >Mike > > > >- > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > > - - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] APWR??????!! Date: 03 Nov 2000 19:21:39 -0500 Anna, I am hoping you are talking in general terms and not specifically about APWR. It's earnings were down 29% from the prior year, a fatal flaw for a stock to be CANSLIM. As to the general concept of buying on a rally following an initial pullback from a failed b/o, it can work, but carries higher risk. Having failed the b/o once, it is more prone to failure again, in my experience. I would rather see a stock succeed in its b/o, then resume basing at a higher level, and thereby present a safer second entry opportunity. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Friday, November 03, 2000 9:40 AM Mike, I've been thinking about doing something similar... Question: what is the ave risk you take on this buy (that would be the difference between your buy point and your stop loss)? Does this work out to be less than 5%? Also, I have been thinking that if the pullback starts rallying again, maybe it is even safer to buy 1/2 on the second day of rally (simply because I'd want to see it making higher high and a higher low, indicating that the pullback is over) and maybe 1/2 when it makes a new high (as you do). The stop loss would be at the same point as above: right below the pullback. Any thoughts? I have not given much thought to the volume: sure I want the volume on pullback to be low, but what about the volume during the rally out of the pullback? Also, maybe following your method one would not get whipsawed as often? Anna "Mike Lucero" on 11/02/2000 03:38:27 PM Please respond to canslim@lists.xmission.com cc: If I don't buy the breakout, then I wait for a pullback that stays above the pivot and use a buy stop above a (usually) 2-day high, so at least it has started moving in the right direction again. The day I bought APWR and the day after were both little up days on lower volume than the day before. Maybe that was a sign, but I usually wait for a stock to hit my sell stop or have a big down day. I believe buying the pullback fails more often than buying the breakout, but I place my sell stop right under the dip, so the initial risk is less and profit factor is higher. Mike ----- Original Message ----- Sent: Thursday, November 02, 2000 6:27 AM > I don't sell before earnings, but I don't buy either. Why sell unless the > outlook is already poor? Many of the recent breakouts in this yucky M have > been on earnings surprises...just out of curiosity, how can you tell a > pullback from a b/o from a failed b/o? > > At 04:59 PM 11/1/00 -0800, you wrote: > >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to > >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I > >resisted because earnings hadn't been released yet were SRNA and WATR. > > > >Does anyone here sell before earnings are released? That seems like it might > >be prudent. > > > >Mike > > > >- > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > > - - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Interesting Point from WON Date: 03 Nov 2000 19:31:04 -0500 Hi Tim, You should reread the piece again, it does not say the rally starts with slow growth companies, just that it can, as it seems to be doing here. I also don't think sector rotation is so much an artifact as it is symptomatic of "herd mentality" among the institutional managers, all competing to be better than the next one. So the upstarts tend to chase the purchasing and selling of the ones with established reputations, without having their own methodology and decision making. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Friday, November 03, 2000 1:01 PM This is an interesting assertion. have any data to back it up? Do rallies really start with slower growth companies? My impression has been that sectors rotate throughout a rally and the growth you observe as the rally matures is simply an artifact of the fact that a rally is driving prices, performance, the economy,and thus EPS. On 06:22 AM 11/3/00, David Squires Said: >The 1-13 week time frame is based on WON's study of many bull market cycles. >In his study he found that quality leadership names will clear sound bases >for up to 13 weeks after the low. This is why you can sit and wait for the >real high growth leaders rather than slower growth names that set-up. > >DSquires > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser > > Sent: Friday, November 03, 2000 8:40 AM > > To: canslim@xmission.com > > Cc: steven.e.mlaker@l-3com.com > > Subject: [CANSLIM] Interesting Point from WON > > > > > > Here is an interesting tidbit from WON from the IBD website. > > > > > > "Question: The Dow and the Nasdaq have both had "follow through" > > days. Will > > this potential rally falter with the lack of sound base patterns from > > quality companies? > > > > > > - Submitted from > > Durham, N.C. > > > > > > > > WON's Answer: Not necessarily. Now that you have had a follow-through, the > > only thing you know is that the market has now signaled its change of > > direction. If you don't see any quality stocks breaking out of sound bases > > on strong volume, then you don't buy anything. If the follow-through is > > "for real" and the market continues in a rally phase, you should begin to > > see quality stocks begin to break out of sound bases anywhere from one to > > 13 weeks after the follow-through day. It's possible that right now the > > potential leaders are building the right sides of their cups or other base > > patterns and will break out at some point a few weeks later. The > > good thing > > is that you don't have to know what the market is going to do. > > And if there > > are no breakouts occurring, then you will naturally not get sucked into a > > potentially failing follow-through. " > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality breakouts to > > start? This was a new one for me, but I think it makes sense. After an > > extended down period, even the new leaders could have been beaten down > > enough that the right side of the cup could take weeks or longer to form. > > > > - > > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Raising the bar? Date: 03 Nov 2000 21:48:15 -0600 Tim I hope you do well. for what it's worth, Bigeasy offers this candle guru summary for SBIB: The Harami Cross starts out the same as that for the basic Harami pattern. A trend has been in place when, all of a sudden, the market gyrates throughout a day without exceeding the body range of the previous day. What is worse, the market closes at the same price as it opened. Volume of this a Doji day also dries up, reflecting the complete lack of decision of traders. A significant reversal of trend has occurred. IMPH: The market is trending when a significant gap in the direction of trend occurs on the open. From that point, the market never looks back: all further price action that day is the opposite of the previous trend. This causes much concern and many positions will be covered or sold, which will help accentuate the reversal. Kent Tim Fisher wrote: > > IMPH, RY, SBIB, & MSS impressed me today. All too extended to buy now, but > these are definitely not cyclicals (nor are med services). Cyclicals are > basic industries, extractive resources, mining, manufacturing, > semiconductors, banks, etc. Does IBD actually watch leading stocks in > leading industries like they are supposed to? Or have they bought into the > tech-is-all-that-matters mentality that the rest of the analysts seem to be > espousing these days? The first rally I used CANSLIM, financials and oils > led the markets (both NASDAQ and NYSE). Techs were stalled, nets were > unheard-of. I made a ton of money off that rally. This time, it seems > biomeds, med services and financial mgt sectors are leading the charge. > Someone needs to show me the money (i.e. show me med services on a list of > traditional cyclical market sectors) on that one. Who writes that column > anyway? > > On 12:32 PM 11/2/00, Bill Triffet Said: > >Don't have the copy in front of me so I'm paraphrasing: > > > >Yes, but did go on to say not to buy the farm yet as the leadership is in > >many cyclical such a HMO's etc. Not the leadership one wants in a fresh > >rally. I'm sure some folks here have and will do well this year on these > >stocks but that was my take of the article > >Perhaps there is an archive area at the website? > > > >Picked up small buys of EDMC and MTH > > > > > >-Bill > > > >----- Original Message ----- > >From: "Tim Fisher" > >To: > >Sent: Thursday, November 02, 2000 10:07 AM > >Subject: Re: [CANSLIM] Raising the bar? > > > > > > > No, and no, but I totally agree. That said, I believe Tuesday qualified as > > > an f/t day on most if not all major indices. Did they mention Tuesday? > > > > > > > > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] plmd Date: 03 Nov 2000 22:22:25 -0700 Polymedica (PLMD) looks like it is completing a long base, looks poised to breakout if M can stay favorable. Started forming a base in April, is now forming a handle or a flag, however you want to interpret that. Good numbers, according to QP again, both RS and EPS in the 90's. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - Part One Date: 04 Nov 2000 06:54:48 -0500 Overall, there were 251 stocks on the list this week from the DG books, having both RS and EPS of 80 or better, and at or within 5% of their 12 month highs. I was interested in how this compares historically, and was surprised that this is the largest list since at least August 1999. This is also a sharp 25% expansion from last week's total. May not mean anything, and won't know till I look at the charts, but suggests the possibility of "M" being a lot healthier than I imagined. Constructive bases, and quality of leadership, will be key. For prior weeks, the total was 201, 176, 153 and 226. As always, my shorthand is Bx where "B" means a base of "x" weeks duration, IMO. SRNA - B2 CEFT - LLUR ?? FRX - B2 DST - possible handle forming CANI - B2 handle on a small cup BELFA/BELFB - possible handle forming PHM - nice cup, possible handle forming KVA - holding a B2 on lite vol PLMD - B2 USPH - B1+ MDC - B5 ACXM - B2 PENN - B4 PKI - B1+ ACL - B2+ Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: Re: [CANSLIM] APWR??????!! Date: 04 Nov 2000 13:08:37 -0500 Hi Tom, Thank you for the advice! I was talking in general terms: I haven't even looked at APWR. In general, though, I have read that often a stock will pull back after gaining 10% or so because swing traders are taking profits. The theory stated that as long as the pullback was on light volume and held above the b/o point the entry was even safer than the intial entry on the b/o. Anna "Tom Worley" on 11/03/2000 07:21:39 PM Please respond to canslim@lists.xmission.com cc: Anna, I am hoping you are talking in general terms and not specifically about APWR. It's earnings were down 29% from the prior year, a fatal flaw for a stock to be CANSLIM. As to the general concept of buying on a rally following an initial pullback from a failed b/o, it can work, but carries higher risk. Having failed the b/o once, it is more prone to failure again, in my experience. I would rather see a stock succeed in its b/o, then resume basing at a higher level, and thereby present a safer second entry opportunity. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Friday, November 03, 2000 9:40 AM Mike, I've been thinking about doing something similar... Question: what is the ave risk you take on this buy (that would be the difference between your buy point and your stop loss)? Does this work out to be less than 5%? Also, I have been thinking that if the pullback starts rallying again, maybe it is even safer to buy 1/2 on the second day of rally (simply because I'd want to see it making higher high and a higher low, indicating that the pullback is over) and maybe 1/2 when it makes a new high (as you do). The stop loss would be at the same point as above: right below the pullback. Any thoughts? I have not given much thought to the volume: sure I want the volume on pullback to be low, but what about the volume during the rally out of the pullback? Also, maybe following your method one would not get whipsawed as often? Anna "Mike Lucero" on 11/02/2000 03:38:27 PM Please respond to canslim@lists.xmission.com cc: If I don't buy the breakout, then I wait for a pullback that stays above the pivot and use a buy stop above a (usually) 2-day high, so at least it has started moving in the right direction again. The day I bought APWR and the day after were both little up days on lower volume than the day before. Maybe that was a sign, but I usually wait for a stock to hit my sell stop or have a big down day. I believe buying the pullback fails more often than buying the breakout, but I place my sell stop right under the dip, so the initial risk is less and profit factor is higher. Mike ----- Original Message ----- Sent: Thursday, November 02, 2000 6:27 AM > I don't sell before earnings, but I don't buy either. Why sell unless the > outlook is already poor? Many of the recent breakouts in this yucky M have > been on earnings surprises...just out of curiosity, how can you tell a > pullback from a b/o from a failed b/o? > > At 04:59 PM 11/1/00 -0800, you wrote: > >I bought APWR on 10/27 in a pullback from a breakout. I did notice it was to > >release earnings 11/5 (per DGO) but bought it anyway. Two other stocks I > >resisted because earnings hadn't been released yet were SRNA and WATR. > > > >Does anyone here sell before earnings are released? That seems like it might > >be prudent. > > > >Mike > > > >- > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > > - - - - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: [CANSLIM] Fwd: Web Site Updated Date: 04 Nov 2000 11:08:42 -0800 >www.ianforum.com/markets.htm > >The Nasdaq is showing signs of wanting to go higher. To complete the W >being formed, the index needs to trade above 3500 on good volume, then >stay above it. The horizontal red line is 3500 which was support, and is >now resistance. > >Notice the long bar Tuesday on heavy volume when the market opened its low >and closed very near its high. The heavy volume indicated strong >institutional interest in the tech heavy Nasdaq. The 17 DMA has turned up >toward the 50 DMA, another encouraging sign. > >Ian's Cha Cha Cha Surrogate, after looking like it was headed over the >precipice last week, has formed a double bottom and wants to go higher. >Even the Mattress Stuffer surrogate is looking better and seems to have >found a bottom. > >View the Wilder 3 week RS and note and the Dow and NYSE are at the top of >the RS graph with the Russell 2000 coming in third. This indicates the >small caps are beginning to show strength, which is a strong positive for >the markets. > >In the bottom chart, the both Accumulation/Distribution Indicators are >showing strong accumulation, another positive. The Coppock is still >headed down, but its downward momentum has slowed. > >As bonus coverage this week, I have included the Nasdaq's Advance/Decline >Line and the New High Low line. These charts are at the bottom of the >page. You can view these in QP2 under the "Special" menu. Draw trend >lines, and look at them at least once a week. Notice how the New High Low >line broke down at the Nasdaq top last March and has never recovered. The >Advance/Decline line is forming a bottom. > >Have a good week. The markets should show us where they want to go after >the election. > >Ron Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Raising the bar? Date: 04 Nov 2000 17:17:14 -0600 With the saw tooth action, I think one would have to ignore the 8% rule on this one and pray. Long term it is nice, but I would have been shaken out several times if I had ventured into it. I think I will pass also. Kent Tim Fisher wrote: > > LAB intrigues me, it's been on my list almost since it went public. I have > never found a comfortable entry for it though. This time around it hasn't > formed a handle; really it has never based for very long. - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] TRUE leaders setting up properly Date: 04 Nov 2000 17:22:16 -0600 David, I suspect many people are so famished, they will settle for junk food instead of a banquet right now. I agree that better will come later, pass the burger & fries for now! Kent David Squires wrote: > > Hi all, > > The percentage rally is of little significance in my opinion. Certainly, > volatility has reduced the reliability of the follow through day but that is > just the "go" signal. If there is nothing to buy it means little. I'm sure > many on this list have found some good charts to trade for the 25% profit > target WON talks about. But are any TRUE leaders setting up properly?...I > think not. Over the weekend I will be looking at literally thousands of > charts as I do every weekend. Judging from my observations of this week's > events I will likely pick up some new set-ups but I doubt it will produce > the scores of sound LEADERS that must be present for a new bull cycle. - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Interesting Point from WON Date: 04 Nov 2000 17:29:38 -0600 Tom Isn't this effectively what CANSLIM does? Wait for high volume breakout caused by institutions and then jump on board? Thanks Kent Tom Worley wrote: > > Hi Tim, > > You should reread the piece again, it does not say the rally > starts with slow growth companies, just that it can, as it seems > to be doing here. > > I also don't think sector rotation is so much an artifact as it > is symptomatic of "herd mentality" among the institutional > managers, all competing to be better than the next one. So the > upstarts tend to chase the purchasing and selling of the ones > with established reputations, without having their own > methodology and decision making. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Tim Fisher > To: > Sent: Friday, November 03, 2000 1:01 PM > Subject: RE: [CANSLIM] Interesting Point from WON > > This is an interesting assertion. have any data to back it up? Do > rallies > really start with slower growth companies? My impression has been > that > sectors rotate throughout a rally and the growth you observe as > the rally > matures is simply an artifact of the fact that a rally is driving > prices, > performance, the economy,and thus EPS. > > On 06:22 AM 11/3/00, David Squires Said: > > >The 1-13 week time frame is based on WON's study of many bull > market cycles. > >In his study he found that quality leadership names will clear > sound bases > >for up to 13 weeks after the low. This is why you can sit and > wait for the > >real high growth leaders rather than slower growth names that > set-up. > > > >DSquires > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl > Setser > > > Sent: Friday, November 03, 2000 8:40 AM > > > To: canslim@xmission.com > > > Cc: steven.e.mlaker@l-3com.com > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > Here is an interesting tidbit from WON from the IBD website. > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > through" > > > days. Will > > > this potential rally falter with the lack of sound base > patterns from > > > quality companies? > > > > > > > > > - Submitted from > > > Durham, N.C. > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > follow-through, the > > > only thing you know is that the market has now signaled its > change of > > > direction. If you don't see any quality stocks breaking out > of sound bases > > > on strong volume, then you don't buy anything. If the > follow-through is > > > "for real" and the market continues in a rally phase, you > should begin to > > > see quality stocks begin to break out of sound bases anywhere > from one to > > > 13 weeks after the follow-through day. It's possible that > right now the > > > potential leaders are building the right sides of their cups > or other base > > > patterns and will break out at some point a few weeks later. > The > > > good thing > > > is that you don't have to know what the market is going to > do. > > > And if there > > > are no breakouts occurring, then you will naturally not get > sucked into a > > > potentially failing follow-through. " > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality > breakouts to > > > start? This was a new one for me, but I think it makes > sense. After an > > > extended down period, even the new leaders could have been > beaten down > > > enough that the right side of the cup could take weeks or > longer to form. > > > > > > - > > > > > > > > > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - > > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Interesting Point from WON Date: 04 Nov 2000 19:49:21 -0500 Probably true if all you consider are high volume stocks that institutionals like. Since I only focus on small and micro cap stocks where the institutionals are less likely to play, I tend to get in ahead of them. But CANSLIM is a method of decision making independent of what the institutionals are doing. Used properly, it permits you to be in the stock before the rest of the "herd" follows suit. Done right, you already own the stock prior to the "herd" beginning to chase it. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Saturday, November 04, 2000 6:29 PM Tom Isn't this effectively what CANSLIM does? Wait for high volume breakout caused by institutions and then jump on board? Thanks Kent Tom Worley wrote: > > Hi Tim, > > You should reread the piece again, it does not say the rally > starts with slow growth companies, just that it can, as it seems > to be doing here. > > I also don't think sector rotation is so much an artifact as it > is symptomatic of "herd mentality" among the institutional > managers, all competing to be better than the next one. So the > upstarts tend to chase the purchasing and selling of the ones > with established reputations, without having their own > methodology and decision making. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Tim Fisher > To: > Sent: Friday, November 03, 2000 1:01 PM > Subject: RE: [CANSLIM] Interesting Point from WON > > This is an interesting assertion. have any data to back it up? Do > rallies > really start with slower growth companies? My impression has been > that > sectors rotate throughout a rally and the growth you observe as > the rally > matures is simply an artifact of the fact that a rally is driving > prices, > performance, the economy,and thus EPS. > > On 06:22 AM 11/3/00, David Squires Said: > > >The 1-13 week time frame is based on WON's study of many bull > market cycles. > >In his study he found that quality leadership names will clear > sound bases > >for up to 13 weeks after the low. This is why you can sit and > wait for the > >real high growth leaders rather than slower growth names that > set-up. > > > >DSquires > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl > Setser > > > Sent: Friday, November 03, 2000 8:40 AM > > > To: canslim@xmission.com > > > Cc: steven.e.mlaker@l-3com.com > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > Here is an interesting tidbit from WON from the IBD website. > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > through" > > > days. Will > > > this potential rally falter with the lack of sound base > patterns from > > > quality companies? > > > > > > > > > - Submitted from > > > Durham, N.C. > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > follow-through, the > > > only thing you know is that the market has now signaled its > change of > > > direction. If you don't see any quality stocks breaking out > of sound bases > > > on strong volume, then you don't buy anything. If the > follow-through is > > > "for real" and the market continues in a rally phase, you > should begin to > > > see quality stocks begin to break out of sound bases anywhere > from one to > > > 13 weeks after the follow-through day. It's possible that > right now the > > > potential leaders are building the right sides of their cups > or other base > > > patterns and will break out at some point a few weeks later. > The > > > good thing > > > is that you don't have to know what the market is going to > do. > > > And if there > > > are no breakouts occurring, then you will naturally not get > sucked into a > > > potentially failing follow-through. " > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality > breakouts to > > > start? This was a new one for me, but I think it makes > sense. After an > > > extended down period, even the new leaders could have been > beaten down > > > enough that the right side of the cup could take weeks or > longer to form. > > > > > > - > > > > > > > > > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - > > - - - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Interesting Point from WON Date: 04 Nov 2000 19:04:34 -0600 Thanks I guess that is what I have been doing wrong, following the herd - or is it "heard"? Just out of curiosity - approximately how long do you hold an average stock? Kent Tom Worley wrote: > > Probably true if all you consider are high volume stocks that > institutionals like. Since I only focus on small and micro cap > stocks where the institutionals are less likely to play, I tend > to get in ahead of them. > > But CANSLIM is a method of decision making independent of what > the institutionals are doing. Used properly, it permits you to be > in the stock before the rest of the "herd" follows suit. Done > right, you already own the stock prior to the "herd" beginning to > chase it. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Kent Norman > To: > Sent: Saturday, November 04, 2000 6:29 PM > Subject: Re: [CANSLIM] Interesting Point from WON > > Tom > > Isn't this effectively what CANSLIM does? Wait for high volume > breakout > caused by institutions and then jump on board? > > Thanks > Kent > > Tom Worley wrote: > > > > Hi Tim, > > > > You should reread the piece again, it does not say the rally > > starts with slow growth companies, just that it can, as it > seems > > to be doing here. > > > > I also don't think sector rotation is so much an artifact as it > > is symptomatic of "herd mentality" among the institutional > > managers, all competing to be better than the next one. So the > > upstarts tend to chase the purchasing and selling of the ones > > with established reputations, without having their own > > methodology and decision making. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Tim Fisher > > To: > > Sent: Friday, November 03, 2000 1:01 PM > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > This is an interesting assertion. have any data to back it up? > Do > > rallies > > really start with slower growth companies? My impression has > been > > that > > sectors rotate throughout a rally and the growth you observe as > > the rally > > matures is simply an artifact of the fact that a rally is > driving > > prices, > > performance, the economy,and thus EPS. > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > >The 1-13 week time frame is based on WON's study of many bull > > market cycles. > > >In his study he found that quality leadership names will clear > > sound bases > > >for up to 13 weeks after the low. This is why you can sit and > > wait for the > > >real high growth leaders rather than slower growth names that > > set-up. > > > > > >DSquires > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl > > Setser > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > To: canslim@xmission.com > > > > Cc: steven.e.mlaker@l-3com.com > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > website. > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > through" > > > > days. Will > > > > this potential rally falter with the lack of sound base > > patterns from > > > > quality companies? > > > > > > > > > > > > - Submitted > from > > > > Durham, N.C. > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > follow-through, the > > > > only thing you know is that the market has now signaled its > > change of > > > > direction. If you don't see any quality stocks breaking out > > of sound bases > > > > on strong volume, then you don't buy anything. If the > > follow-through is > > > > "for real" and the market continues in a rally phase, you > > should begin to > > > > see quality stocks begin to break out of sound bases > anywhere > > from one to > > > > 13 weeks after the follow-through day. It's possible that > > right now the > > > > potential leaders are building the right sides of their > cups > > or other base > > > > patterns and will break out at some point a few weeks > later. > > The > > > > good thing > > > > is that you don't have to know what the market is going to > > do. > > > > And if there > > > > are no breakouts occurring, then you will naturally not get > > sucked into a > > > > potentially failing follow-through. " > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality > > breakouts to > > > > start? This was a new one for me, but I think it makes > > sense. After an > > > > extended down period, even the new leaders could have been > > beaten down > > > > enough that the right side of the cup could take weeks or > > longer to form. > > > > > > > > - > > > > > > > > > > > > > > > > >- > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > - > > > > - > > - > > - - ------------------------------------------------------------------------------- From: cfm813@yahoo.com Subject: [CANSLIM] Thoughts on what I'd like to see discussed on this list (or Date: 04 Nov 2000 18:17:10 -0700 somewhere) Reply-To: cfm813@yahoo.com Cc: Message-Id: Tom Worley writes in response to my (cfm) Thursday's list of stocks to watch: ------------------ TW: Unfortunately, yet again, these are for the most part far from CANSLIM. ELNT is the only one I recognize from recent scans. Most of the rest are either >50% from their highs or are not growth companies (ANF I recognize as a fallen CANSLIM angel). At 04:08 PM 11/2/00 -0800, you (cfm) wrote: (cfm clip from thursday post) ----------------- >Charts are firming up out there and I'm seeing some >nice breakouts. I haven't checked all IBD criteria on >these, but charts are good IMHO ------------------ My (cfm) reponse: Tom, I suppose you mean well, but I don't think your dismissive attitude toward anything non-CANSLIM is well-placed. If the CANSLIM criteria were so all-perfect, you or IBD could simply post a couple of dozen stocks for us to pick everyday, and we'd all be instant millionaires. And the principles wouldn't say "punt" in a down market, which is often confirmed by such wonderful indicators as loss of capital and total exasperation. I think there is room for discussing long candidates that have slightly deficient CANSLIM criteria. I'd like to see us discuss shorting (with IBD principles)laggard stocks or the QQQ's or something in these down cycles instead of continually beating our heads against the wall trying to go long on everything or scratching our heads wondering if we have a follow-through day. After watching these crooks run the market up and down for no reason, especially the past few weeks, it is clear to me that they are just trying to rob people who do not have the flexibility or tools to play the game the way the market makers do. After all, asided from times of true crisis, there is seldom much reason for the market to do much at all except slowly increase in proportion to the overall increase of the wealth of a nation. I am not a slave to every jot and scratch of CANSLIM criteria, many of which are lagging or misleading at certain times of the market or the pricing cycle of a company. Of all CANSLIM principles, I am most interested in the current state and quality of the stock's chart and it's price and volume action at the buy point. I think it is an error to currently be using the 52 week high test on most stocks after the foolishness that went on fall 1999/spring 2000. Those were insane, beyond 1929 conditions fueled by Y2K funny money. Many good companies like ANF are up 200% off their 2000 bottom (where I first bought it, BTW), and won't approach those insane 52 wk hi prices anytime soon. Nonetheless, such stocks have already provided very good, low-risk returns off the most fastidious CANSLIM radar, and will continue to do so. I also trade on margin and cannot hold for sixteen weeks, months or years through big pullbacks. I don't think this overpriced, up and down market will allow much of that anyway, and it seems to me pure CANSLIM is much more geared to the mid to long term hold. When I mention a company to the member's of this list, it is often after many months of following the company's pricing action, earnings reports, message boards, and, occasionally, its conference calls etc. Let's look at some of the stocks I highlighted Thursday: SYMBOL STOCK EPS STOCK RS QLGC 69 91 ANF 94 91 PALM 92 98 AINN 88 93 PLNR 67 98 TOM 31 91 I mentioned several others in the context that some of the chip stock charts were firming up the past few days and QLGC wasn't by itself. First, I don't know precisely what scan you're doing because some of these should be showing up even by most restrictive CANSLIM criteria. QLGC - The year chart shows resistance at about $100 at 6 different points over the past 6 months, but tremendous support for the stock and good price action on all market upturns. This is a tremendous base and, as far as I'm concerned, the main thing to look for in a watch list candidate. They approached the 100 level again Wednesday and blew through the pivot point on Thursday and had great follow through yesterday to finish at 120. Anyone on my clearstation subscription list (cmunny on clearstation) got an email alert from me just after I bought at 102 and hopefully they made thousands of dollars with me. Now, if you want to wait until the EPS goes up and crosses your scan, that's up to you, but I doubt many people here are going to be so picky. This is what I'm looking to offer and to receive from people I partipate in stock discussion with. Information which is real-time and, hopefully, real good. I'm not into pontification about not meeting this or that criteria or if we require 1.5% index increase on a follow through day. I'm not into picking through other peoples lists of stocks that have volume of 2,700 shares per day or are at a 52 wk high that is 30% out of its 5th base. TOM - Tom's EPS ranks looks like crap, but that's partly because they're a victim of their own success. In any event, the EPS rating has long since been priced into the stock, and they are back on track, as the 91 price RS ranking and chart told those who had ears to hear. And I was looking it square in the eye last week when they beat earnings again and finally blew through their pivot point at $10.5 on big volume and almost hit $14 a few days later. Not a bad 2 or 3 day trade on margin. But if you want to wait until it's a pure CANSLIM stock, that is your prerogative. PLNR and AINN - both had killer cup and handle breakouts if you look back on their year charts. Having followed their progress lately, I could see no reason they shouldn't perform well off those earlier pivot points when the market did better. I believe both are up 30% the past few days. And on and on I could go. I'm not trying to be defensive as much as explaining what I'm looking when I mention a stock. I'd like to keep the discussion here fairly tight. But I'd also like to eventually get in with a group of a dozen or two people with some breadth of experience in other valid trading tactics, which are not totally ruled by going long on A or B rated CANSLIM stocks, since that's not the way the market works a significant portion of the time. I think that can happen here. I'd like to see it happen rather than subscribing to 16 chat rooms, web sites, and mailing lists. I'd like to see it happen so I don't give all my gains back every month or two while I figure out if we're still in an up market or entering a new one. If anyone reading this is of like mind and my thoughts do not express the mind of the "group" as a whole, please contact me at my email address on the side and let's see if we can't get together on something. Chuck Maier cfm813@yahoo.com - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] Thoughts on what I'd like to see discussed on Date: 04 Nov 2000 20:33:08 -0800 Well, it wasn't Tom, it was me, and my dismissive attitude has to do with the title of this list, which last time I checked, was CANSLIM. You wanna talk bottom fishing, go post to that list. At 06:17 PM 11/4/00 -0700, you wrote: >somewhere) >Reply-To: cfm813@yahoo.com >Cc: >Message-Id: >Date: Sat, 04 Nov 2000 18:16:30 -0700 > >Tom Worley writes in response to my (cfm) Thursday's >list of stocks to watch: >------------------ > >TW: >Unfortunately, yet again, these are for the most part >far from CANSLIM. >ELNT is the only one I recognize from recent scans. >Most of the rest >are >either >50% from their highs or are not growth >companies (ANF I >recognize >as a fallen CANSLIM angel). > >At 04:08 PM 11/2/00 -0800, you (cfm) wrote: > >(cfm clip from thursday post) >----------------- > > >Charts are firming up out there and I'm seeing some > >nice breakouts. I haven't checked all IBD criteria >on > >these, but charts are good IMHO > >------------------ > >My (cfm) reponse: > >Tom, I suppose you mean well, but I don't think your >dismissive attitude toward anything non-CANSLIM is >well-placed. If the CANSLIM criteria were so >all-perfect, you or IBD could simply post a couple of >dozen stocks for us to pick everyday, and we'd all be >instant millionaires. And the principles wouldn't say >"punt" in a down market, which is often confirmed by >such wonderful indicators as loss of capital and total >exasperation. (lots of non-CANSLIM blather axed) >Chuck Maier >cfm813@yahoo.com > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Surindra Singh Subject: Re: [CANSLIM] Interesting Point from WON Date: 05 Nov 2000 05:42:48 -0500 tom holds for ever, this is my guess! :-0 surindra ----- Original Message ----- Sent: Saturday, November 04, 2000 8:04 PM Thanks I guess that is what I have been doing wrong, following the herd - or is it "heard"? Just out of curiosity - approximately how long do you hold an average stock? Kent Tom Worley wrote: > > Probably true if all you consider are high volume stocks that > institutionals like. Since I only focus on small and micro cap > stocks where the institutionals are less likely to play, I tend > to get in ahead of them. > > But CANSLIM is a method of decision making independent of what > the institutionals are doing. Used properly, it permits you to be > in the stock before the rest of the "herd" follows suit. Done > right, you already own the stock prior to the "herd" beginning to > chase it. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Kent Norman > To: > Sent: Saturday, November 04, 2000 6:29 PM > Subject: Re: [CANSLIM] Interesting Point from WON > > Tom > > Isn't this effectively what CANSLIM does? Wait for high volume > breakout > caused by institutions and then jump on board? > > Thanks > Kent > > Tom Worley wrote: > > > > Hi Tim, > > > > You should reread the piece again, it does not say the rally > > starts with slow growth companies, just that it can, as it > seems > > to be doing here. > > > > I also don't think sector rotation is so much an artifact as it > > is symptomatic of "herd mentality" among the institutional > > managers, all competing to be better than the next one. So the > > upstarts tend to chase the purchasing and selling of the ones > > with established reputations, without having their own > > methodology and decision making. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Tim Fisher > > To: > > Sent: Friday, November 03, 2000 1:01 PM > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > This is an interesting assertion. have any data to back it up? > Do > > rallies > > really start with slower growth companies? My impression has > been > > that > > sectors rotate throughout a rally and the growth you observe as > > the rally > > matures is simply an artifact of the fact that a rally is > driving > > prices, > > performance, the economy,and thus EPS. > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > >The 1-13 week time frame is based on WON's study of many bull > > market cycles. > > >In his study he found that quality leadership names will clear > > sound bases > > >for up to 13 weeks after the low. This is why you can sit and > > wait for the > > >real high growth leaders rather than slower growth names that > > set-up. > > > > > >DSquires > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl > > Setser > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > To: canslim@xmission.com > > > > Cc: steven.e.mlaker@l-3com.com > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > website. > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > through" > > > > days. Will > > > > this potential rally falter with the lack of sound base > > patterns from > > > > quality companies? > > > > > > > > > > > > - Submitted > from > > > > Durham, N.C. > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > follow-through, the > > > > only thing you know is that the market has now signaled its > > change of > > > > direction. If you don't see any quality stocks breaking out > > of sound bases > > > > on strong volume, then you don't buy anything. If the > > follow-through is > > > > "for real" and the market continues in a rally phase, you > > should begin to > > > > see quality stocks begin to break out of sound bases > anywhere > > from one to > > > > 13 weeks after the follow-through day. It's possible that > > right now the > > > > potential leaders are building the right sides of their > cups > > or other base > > > > patterns and will break out at some point a few weeks > later. > > The > > > > good thing > > > > is that you don't have to know what the market is going to > > do. > > > > And if there > > > > are no breakouts occurring, then you will naturally not get > > sucked into a > > > > potentially failing follow-through. " > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality > > breakouts to > > > > start? This was a new one for me, but I think it makes > > sense. After an > > > > extended down period, even the new leaders could have been > > beaten down > > > > enough that the right side of the cup could take weeks or > > longer to form. > > > > > > > > - > > > > > > > > > > > > > > > > >- > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > - > > > > - > > - > > - - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Interesting Point from WON Date: 05 Nov 2000 06:19:54 -0500 As a rule, I do not buy any stocks I am not willing to own long term (defined for me as a year or longer). I am not trading on margin any more, but if I was the minimum would be three months. Currently, 4 of my 5 holdings have been held for over a year. That is not a function of good adherence to CANSLIM, just the opposite as I should have exited all of them. Sheer lack of time due extremely long work hours and exhaustion led to inaction as I could not follow my personal methodology and application of CANSLIM. The one stock that is under 1 year is EPIQ, which I am on my fourth ownership in just over two years, yielding 70%, 20%, 30% the first three times and currently up 50% on the present ownership (closer attention and I would have recently sold up 80%). Generally speaking, I do not sell unless fundamentals deteriorate. Since I no longer must generate an income from my investments, I am more tolerant of dips and pullbacks. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Saturday, November 04, 2000 8:04 PM Thanks I guess that is what I have been doing wrong, following the herd - or is it "heard"? Just out of curiosity - approximately how long do you hold an average stock? Kent Tom Worley wrote: > > Probably true if all you consider are high volume stocks that > institutionals like. Since I only focus on small and micro cap > stocks where the institutionals are less likely to play, I tend > to get in ahead of them. > > But CANSLIM is a method of decision making independent of what > the institutionals are doing. Used properly, it permits you to be > in the stock before the rest of the "herd" follows suit. Done > right, you already own the stock prior to the "herd" beginning to > chase it. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Kent Norman > To: > Sent: Saturday, November 04, 2000 6:29 PM > Subject: Re: [CANSLIM] Interesting Point from WON > > Tom > > Isn't this effectively what CANSLIM does? Wait for high volume > breakout > caused by institutions and then jump on board? > > Thanks > Kent > > Tom Worley wrote: > > > > Hi Tim, > > > > You should reread the piece again, it does not say the rally > > starts with slow growth companies, just that it can, as it > seems > > to be doing here. > > > > I also don't think sector rotation is so much an artifact as it > > is symptomatic of "herd mentality" among the institutional > > managers, all competing to be better than the next one. So the > > upstarts tend to chase the purchasing and selling of the ones > > with established reputations, without having their own > > methodology and decision making. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Tim Fisher > > To: > > Sent: Friday, November 03, 2000 1:01 PM > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > This is an interesting assertion. have any data to back it up? > Do > > rallies > > really start with slower growth companies? My impression has > been > > that > > sectors rotate throughout a rally and the growth you observe as > > the rally > > matures is simply an artifact of the fact that a rally is > driving > > prices, > > performance, the economy,and thus EPS. > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > >The 1-13 week time frame is based on WON's study of many bull > > market cycles. > > >In his study he found that quality leadership names will clear > > sound bases > > >for up to 13 weeks after the low. This is why you can sit and > > wait for the > > >real high growth leaders rather than slower growth names that > > set-up. > > > > > >DSquires > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl > > Setser > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > To: canslim@xmission.com > > > > Cc: steven.e.mlaker@l-3com.com > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > website. > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > through" > > > > days. Will > > > > this potential rally falter with the lack of sound base > > patterns from > > > > quality companies? > > > > > > > > > > > > - Submitted > from > > > > Durham, N.C. > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > follow-through, the > > > > only thing you know is that the market has now signaled its > > change of > > > > direction. If you don't see any quality stocks breaking out > > of sound bases > > > > on strong volume, then you don't buy anything. If the > > follow-through is > > > > "for real" and the market continues in a rally phase, you > > should begin to > > > > see quality stocks begin to break out of sound bases > anywhere > > from one to > > > > 13 weeks after the follow-through day. It's possible that > > right now the > > > > potential leaders are building the right sides of their > cups > > or other base > > > > patterns and will break out at some point a few weeks > later. > > The > > > > good thing > > > > is that you don't have to know what the market is going to > > do. > > > > And if there > > > > are no breakouts occurring, then you will naturally not get > > sucked into a > > > > potentially failing follow-through. " > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality > > breakouts to > > > > start? This was a new one for me, but I think it makes > > sense. After an > > > > extended down period, even the new leaders could have bee n > > beaten down > > > > enough that the right side of the cup could take weeks or > > longer to form. > > > > > > > > - > > > > > > > > > > > > > > > > >- > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > - > > > > - > > - > > - - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] plmd Date: 05 Nov 2000 07:22:39 -0500 It always interests me how different services present a chart in different fashions. On DGO, I see this as a long and deep cup forming from April to two weeks ago, then basing for the past two weeks (handle formation). Volume for the past three days well under ADV, so may be getting ready to either b/o or break down to support. The cup is deeper and more volatile than I would prefer. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Saturday, November 04, 2000 12:22 AM Polymedica (PLMD) looks like it is completing a long base, looks poised to breakout if M can stay favorable. Started forming a base in April, is now forming a handle or a flag, however you want to interpret that. Good numbers, according to QP again, both RS and EPS in the 90's. - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - Part Two Date: 05 Nov 2000 08:39:02 -0500 UNH - B5, b/o failed and back to the base PVA - B6+ CAH - B7 AMFH - B11 BCP - B2 PMI - B8 TGIC - B7+, vol light ABK - B4, b/o failed, back to the base CORS - B3 MFSF - B3+ NAP - base on base IBCP - B2 RGA - B3 AIND - B9, another failed b/o, back to the base COHB - B2 All in all, despite the longest list in over 14 months, most stocks on the overall list do not have constructive bases. There are few tech stocks, most are financials and home builders, with some medical and biotech. Most of the stocks show a strong recovery back to their 12 month high level from sharply depressed levels of the past two months. The next few weeks may give a clearer picture of future leadership, and base formation followed by breakouts. Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: jeff.salisbury@xmission.com Date: 05 Nov 2000 06:50:43 -0700 web-mailer(34FM.0700.4.03) on Sun Nov 5 06:56:15 GMT 2000 list (or X-Mailer: USANET web-mailer (34FM.0700.4.03) Mime-Version: 1.0 Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: quoted-printable Chuck Due to me still being very new to CANSLIM and still learning I do not pos= t much here. = But for what it is worth, I think you have valid reasons for the stocks y= ou mentioned. But you should keep in mind that this is a CANSLIM list. If = you do not follow the rules of CANSLIM, then you should not get offended by p= eople pointing this out to you. I am subscribed to this list to discuss CANSLI= M topics and learn from others about CANSLIM. If you have a stock picking strategy that make money, then I am very happy for you and I will follow = your recommendations on clearstation (which btw show an 18% loss on average). = But on here, if your strategy does not apply to general CANSLIM rules, frankl= y, I am not interested in it. I agree that CANSLIM is not the holy grail, but if you don't like it, don= 't use it. I am still new, but I just cannot see how one can short stocks b= ased on CANSLIM criteria. The principles will go "punt" in a down market, bec= ause they are not designed for a down market. The "M" tell you to stay out of = a down market. And CANSLIM is not about (to use your words) "going long on= everything". I think you are missing the CANSLIM concept if you think th= is is what it mean. This is just my two cents. I have nothing against you, or your strategy,= so please do not take it that way. - Fanus - ------------------------------------------------------------------------------- From: jeff.salisbury@xmission.com Date: 05 Nov 2000 06:51:52 -0700 (8.8.8/8.7.3) with SMTP id GAA02567 for ; Sun, 5 Nov 2000 06:11:10 -0500 (EST) Message-ID: <003a01c04719$2b6d1ee0$0f02000a@txw> References: list (or MIME-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 5.00.2314.1300 X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2314.1300 As Tim already pointed out, he authored the reply you refer to, not me. But I am dismissive of discussing non-CANSLIM methods in a CANSLIM group. I have tried many investment strategies over the past four decades, including bottom fishing and fallen angels. I have also invested on margin, and that shortened my time horizons also. But I participate in this group because I use CANSLIM, and that is what this group is about. Those in the group for some time know I consider CANSLIM more a philosophy than a science. One aspect I like is that it can be tailored to one's preferences. For example, I consider stocks with EPS below 80, but with RS in the 90's, so long as I can justify it to myself. But I do not post stocks I am watching or buying because they stray too far from "pure CANSLIM", as I like the challenge of small and micro cap, low priced stocks. The DGO List, which I am up early to complete, is for the group's benefit, not mine, as they are mostly over the price range I consider. I repeat the "scan" criteria every other week or so. It is a simple one: in the Daily Graph books (a WON publication), have RS and EPS of 80 or better, and at or within 5% of their 12 month high in the prior week. That is the criteria of the list I then review, and post those stocks on the list that, to me, appear to have constructive bases forming. For many years, I had no scanning capability, and appreciated the contributions of members who could produce scans of potential CANSLIM stocks. The DGO List is my payback to the group. It is simply intended to provide a list of possible candidates to watch. It is not a buy list, nor have I done any due diligence on the stocks listed. I regret your feelings were hurt, but that is the risk you take when you post off topic in a defined discussion group. Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Thoughts on what I'd like to see discussed on Date: 05 Nov 2000 11:53:51 -0700 > >Tom, I suppose you mean well, but I don't think your >dismissive attitude toward anything non-CANSLIM is >well-placed. If the CANSLIM criteria were so >all-perfect, you or IBD could simply post a couple of >dozen stocks for us to pick everyday, and we'd all be >instant millionaires. And the principles wouldn't say >"punt" in a down market, which is often confirmed by >such wonderful indicators as loss of capital and total >exasperation...... The discussion of these stocks that followed is fine. However, I can't believe you would be upset that Tom pointed out these stocks generally don't meet CANSLIM criteria in his opinion. I took a quick look at the list to see if there was anything I was interested in, and I didn't see anything of interest either based on my interpretation of CANSLIM (except maybe one or two that were already on my list.) I think you HAVE TO EXPECT any stock you post to be reveiwed and compared to CANSLIM, after all, this is the CANSLIM list!! If you don't want your selections to be compared to CANSLIM, I suggest you not post them here. If you want to get discussions of specific attributes of these stocks going, then that's great. Go for it. However, I for one am very happy with my CANSLIM investment results and I am trying hard to perfect my selections based on that strategy. And that is why I find this group so helpful. - ------------------------------------------------------------------------------- From: Earl Setser Subject: [CANSLIM] Leaders List Date: 05 Nov 2000 12:04:33 -0700 Well, here's my latest "Leaders List". I haven't posted this for some time due to bad "M". For those newer to the group, this is a list of stocks ranked 75/80 or better and industry group rank of at least "A". For this list, I removed groups below about 35th in ranking, and also removed Oil & Gas and Tobacco. For each stock, I calculate a rank based on the IBD Smart Select ratings and Sponsorship rank. The list is the top 140 or so stocks given that ranking, with the stocks in ranked order (first stock is highest, etc.) I use the list as a starting point to pick a CANSLIM watch list for the next week or so. Standard Disclaimer - I haven't yet performed any chart reviews on this list, so proceed at your own risk. I presently own KVA, COGN, LAB, and ATSN. For a great more detail on my approach to generating this list, please check the CANSLIM archives from summer 2000. PDII CPN EMLX FRX CEFT SHFL SRNA LAB PWER IMPH ADVP AMRI IFIN ITWO PROX NVR AMSGA GENZ GMST AMG SRDX CHBS TECH FII JBL CHCS PPD ACRT KEI SEBL USPH OCA JNIC CHP SKX KREM GBL CAKE MNTG SANM NRG PENN LM AMSGB RHB KG BLK MERQ PKI BMET EDMC AZA COCO ACL BRO ANF QGENF ILI CLS WLP VRTS CPS SBUX NTIQ LMRK CMNT ADBE ARXX KVA HMA COGN EXAC AVZ HOTT PATH MRX ELN RDN MER DIAN IONA AES DV AXF PMI LDP AFL ACTU TGH PPDI AFCO PHM PHCC BRCD ABK IMG ENGL SPF NHCH KBH INRS NEWP WDR SNRZ MUSE LNCR PFCB TNL FLEX MDC TARO EAT SYK RYL RJF MME MFC ACDO IGT RE AREM AAS TOL SLOT HF ESRX CAH APOL CI ADV IVX - ------------------------------------------------------------------------------- From: Dan Cash Subject: Re: [CANSLIM] Leaders List Date: 05 Nov 2000 12:27:49 -0800 Do you place any importance to the order of your list? Thanks for it, Dan Earl Setser wrote: > Well, here's my latest "Leaders List". I haven't posted this for some time > due to bad "M". > > For those newer to the group, this is a list of stocks ranked 75/80 or > better and industry group rank of at least "A". For this list, I removed > groups below about 35th in ranking, and also removed Oil & Gas and Tobacco. > For each stock, I calculate a rank based on the IBD Smart Select ratings > and Sponsorship rank. The list is the top 140 or so stocks given that > ranking, with the stocks in ranked order (first stock is highest, etc.) I > use the list as a starting point to pick a CANSLIM watch list for the next > week or so. > > Standard Disclaimer - I haven't yet performed any chart reviews on this > list, so proceed at your own risk. I presently own KVA, COGN, LAB, and ATSN. > > For a great more detail on my approach to generating this list, please > check the CANSLIM archives from summer 2000. > > PDII > CPN > EMLX > FRX > CEFT > SHFL > SRNA > LAB > PWER > IMPH > ADVP > AMRI > IFIN > ITWO > PROX > NVR > AMSGA > GENZ > GMST > AMG > SRDX > CHBS > TECH > FII > JBL > CHCS > PPD > ACRT > KEI > SEBL > USPH > OCA > JNIC > CHP > SKX > KREM > GBL > CAKE > MNTG > SANM > NRG > PENN > LM > AMSGB > RHB > KG > BLK > MERQ > PKI > BMET > EDMC > AZA > COCO > ACL > BRO > ANF > QGENF > ILI > CLS > WLP > VRTS > CPS > SBUX > NTIQ > LMRK > CMNT > ADBE > ARXX > KVA > HMA > COGN > EXAC > AVZ > HOTT > PATH > MRX > ELN > RDN > MER > DIAN > IONA > AES > DV > AXF > PMI > LDP > AFL > ACTU > TGH > PPDI > AFCO > PHM > PHCC > BRCD > ABK > IMG > ENGL > SPF > NHCH > KBH > INRS > NEWP > WDR > SNRZ > MUSE > LNCR > PFCB > TNL > FLEX > MDC > TARO > EAT > SYK > RYL > RJF > MME > MFC > ACDO > IGT > RE > AREM > AAS > TOL > SLOT > HF > ESRX > CAH > APOL > CI > ADV > IVX > > - - ------------------------------------------------------------------------------- From: "Ian" Subject: [CANSLIM] Is $15 1/8 the correct pivot point for MTON? Date: 05 Nov 2000 12:42:13 -0800 Hi all: My first post to the board. I am trying to determine the correct pivot point for Metro One (MTON). IMHO, they meet the CANSLIM criteria, and I am looking for the pivot point where I will add shares. I think $15 1/8 is correct. Opinions? Thanks. What other micro-caps are people watching for breakouts? Ian - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Is $15 1/8 the correct pivot point for MTON? Date: 05 Nov 2000 18:00:37 -0500 Hi Ian, Welcome to the group, hope you post more in the future. There are several things that argue against this being a quality CANSLIM stock. First, RS of 74 puts it below the 80 threshold, tho still worth watching. Second, more significantly, the group RS is only 4. With its RS, it is also well out of the top five in its already low group. ROE of 8% also weighs against it, however its current earnings and revenue growth is spectacular. It is also well ahead of the forecast for this year of 210% earnings growth, and on track to drive up next year's 44% growth forecast. I read the chart as a cup with the handle forming around 14. Given that, if the handle continues to form around 14-14.25, I would be inclined to act on a volume driven breakout in the mid 14 range rather than waiting for the new high at 15.125. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Sunday, November 05, 2000 3:42 PM Hi all: My first post to the board. I am trying to determine the correct pivot point for Metro One (MTON). IMHO, they meet the CANSLIM criteria, and I am looking for the pivot point where I will add shares. I think $15 1/8 is correct. Opinions? Thanks. What other micro-caps are people watching for breakouts? Ian - - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Leaders List Date: 05 Nov 2000 16:06:45 -0700 The list is ordered by calculated rank. Based on this, the top stocks generally have rankings at least close to 99/99/AAA and A sponsorship. As you go down the list, the ranks fall. I try to select enough industry groups to have 175-250 stocks to start with. I don't have time to update data on more stocks, and I prefer to add strong stocks from slightly lower ranked industry groups rather than the first 100 stocks from the strongest groups. Overall, my goal of using 100-150 or so (about 130 this week) is to keep only those with the strongest ratings. My thought is that any stock on the list has very strong CANSLIM attributes, and is a good candidate. And generally, I look at any stock on the list with a good chart as a good buy candidate. I do use DGO to look at the earnings growth rates, trends, etc. to get more information before making a purchase/ However, to get back to your question - with all else being equal, I prefer stocks higher on the list rather than lower. I feel that a 95/95 stock ready to break out probably has a better shot at success than another stock at 85/85 with a similar chart. I also like to pick the stocks in the stronger industry group if I have a choice of stocks with nice charts. In fact, some of my lists last year included Industry Group rank in the equation. I've removed that portion since then as I've found the week to week rankings sometimes change quickly, and I can use the overall rank as another input to my picks. At 12:27 PM 11/5/00 -0800, you wrote: >Do you place any importance to the order of your list? > >Thanks for it, >Dan > >Earl Setser wrote: > >> Well, here's my latest "Leaders List". I haven't posted this for some time >> due to bad "M". >> >> For those newer to the group, this is a list of stocks ranked 75/80 or >> better and industry group rank of at least "A". For this list, I removed >> groups below about 35th in ranking, and also removed Oil & Gas and Tobacco. >> For each stock, I calculate a rank based on the IBD Smart Select ratings >> and Sponsorship rank. The list is the top 140 or so stocks given that >> ranking, with the stocks in ranked order (first stock is highest, etc.) I >> use the list as a starting point to pick a CANSLIM watch list for the next >> week or so. >> >> Standard Disclaimer - I haven't yet performed any chart reviews on this >> list, so proceed at your own risk. I presently own KVA, COGN, LAB, and ATSN. >> >> For a great more detail on my approach to generating this list, please >> check the CANSLIM archives from summer 2000. >> >> PDII >> CPN >> EMLX >> FRX >> CEFT >> SHFL >> SRNA >> LAB >> PWER >> IMPH >> ADVP >> AMRI >> IFIN >> ITWO >> PROX >> NVR >> AMSGA >> GENZ >> GMST >> AMG >> SRDX >> CHBS >> TECH >> FII >> JBL >> CHCS >> PPD >> ACRT >> KEI >> SEBL >> USPH >> OCA >> JNIC >> CHP >> SKX >> KREM >> GBL >> CAKE >> MNTG >> SANM >> NRG >> PENN >> LM >> AMSGB >> RHB >> KG >> BLK >> MERQ >> PKI >> BMET >> EDMC >> AZA >> COCO >> ACL >> BRO >> ANF >> QGENF >> ILI >> CLS >> WLP >> VRTS >> CPS >> SBUX >> NTIQ >> LMRK >> CMNT >> ADBE >> ARXX >> KVA >> HMA >> COGN >> EXAC >> AVZ >> HOTT >> PATH >> MRX >> ELN >> RDN >> MER >> DIAN >> IONA >> AES >> DV >> AXF >> PMI >> LDP >> AFL >> ACTU >> TGH >> PPDI >> AFCO >> PHM >> PHCC >> BRCD >> ABK >> IMG >> ENGL >> SPF >> NHCH >> KBH >> INRS >> NEWP >> WDR >> SNRZ >> MUSE >> LNCR >> PFCB >> TNL >> FLEX >> MDC >> TARO >> EAT >> SYK >> RYL >> RJF >> MME >> MFC >> ACDO >> IGT >> RE >> AREM >> AAS >> TOL >> SLOT >> HF >> ESRX >> CAH >> APOL >> CI >> ADV >> IVX >> >> - > > >- > > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Is $15 1/8 the correct pivot point for MTON? Date: 05 Nov 2000 16:17:08 -0700 You should probably look at Tom's list for microcaps. Maybe he has a few he hasn't put on his lists. As far as the pivot, I think you have picked the correct pivot for the recent action, but you need to look further back to get an accurate pivot if you want to include that action. I generally use closing numbers rounded to the nearest .25, so I get 15 from that approach also. However, that isn't what I would use. From a long term standpoint, the stock marked a closing high on 9/20/99 at 19.63 and high an all time high of 20 on the following day. If you use 52 week numbers, you get a closing high of 16.38 and 52 week high of 16.81, both on 2/9/00. Based on these, I would probably use the 52 week high and set the pivot at 16.5 (closing basis). The best thing would be to get another pivot based on a handle, but I don't see one forming on this one right now. At 12:42 PM 11/5/00 -0800, you wrote: >Hi all: > >My first post to the board. I am trying to determine the correct pivot point >for Metro One (MTON). IMHO, they meet the CANSLIM criteria, and I am looking >for the pivot point where I will add shares. I think $15 1/8 is correct. >Opinions? Thanks. > >What other micro-caps are people watching for breakouts? > >Ian > > >- > > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Is $15 1/8 the correct pivot point for MTON? Date: 05 Nov 2000 18:37:19 -0500 Earl, by "Tom's list" I am assuming you mean the DGO List I post weekly, since that is the only list I post. It is not, by any definition, a "microcap" list. It is drawn from mainstream Daily Graphs stocks. I do not post microcap or small cap lists as they are outside mainstream CANSLIM, and suitable only for high risk, experienced investors who like extra challenges. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Sunday, November 05, 2000 6:17 PM MTON? You should probably look at Tom's list for microcaps. Maybe he has a few he hasn't put on his lists. As far as the pivot, I think you have picked the correct pivot for the recent action, but you need to look further back to get an accurate pivot if you want to include that action. I generally use closing numbers rounded to the nearest .25, so I get 15 from that approach also. However, that isn't what I would use. >From a long term standpoint, the stock marked a closing high on 9/20/99 at 19.63 and high an all time high of 20 on the following day. If you use 52 week numbers, you get a closing high of 16.38 and 52 week high of 16.81, both on 2/9/00. Based on these, I would probably use the 52 week high and set the pivot at 16.5 (closing basis). The best thing would be to get another pivot based on a handle, but I don't see one forming on this one right now. At 12:42 PM 11/5/00 -0800, you wrote: >Hi all: > >My first post to the board. I am trying to determine the correct pivot point >for Metro One (MTON). IMHO, they meet the CANSLIM criteria, and I am looking >for the pivot point where I will add shares. I think $15 1/8 is correct. >Opinions? Thanks. > >What other micro-caps are people watching for breakouts? > >Ian > > >- > > > - - ------------------------------------------------------------------------------- From: "David Squires" Subject: RE: [CANSLIM] Interesting Point from WON Date: 05 Nov 2000 20:35:37 -0500 Hi Tim, My statement does not refer to the economic cycle but an intermediate term rally cycle, usually 6-9 months. The ensuing correction could certainly have some rotation but it will always be the high growth leaders that perform the best. These days I am rarely interested in the 25% profit candidates. I want 3 to 5 unquestioned leadership stocks and that is solely what I focus on. As of Friday afternoon I have not found any such candidates that also have the correct base structure. I think the original statement that WON made clearly stresses that. Direction is go but leaders are building the right sides of their cups. As for data to back it up?.... the 13 week number has been highlighted in Kevin Marder's and Greg Kuhn's columns many times and they are very close to the WON organization. Most know of Marder's great commentary. Kuhn runs a hedge fund using WON's principals nearly to the letter. So that is enough evidence for me. Lastly, I wasn't suggesting that slower growth companies start rallies. What I am saying is in this instance that is really all that is setting up and those are not the stocks that have CSCO type moves. As I'm sure you know the 98 bottom set-up with scores of VERY high growth companies breaking out. That was a SCREAMING signal to back up the truck. I guess my point is, it is a matter of degree. If dynamic leadership groups are setting up and breaking out on the follow through day I am fully margined in a matter of hours in some cases. In this case the only potential leadership group working is biotech and many of the bases are sloppy. So I just wait. If this is a sound follow through day the bases will show up rather quickly. Good Trading, DSquires > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher > Sent: Friday, November 03, 2000 1:02 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Interesting Point from WON > > > This is an interesting assertion. have any data to back it up? Do rallies > really start with slower growth companies? My impression has been that > sectors rotate throughout a rally and the growth you observe as the rally > matures is simply an artifact of the fact that a rally is driving prices, > performance, the economy,and thus EPS. > > On 06:22 AM 11/3/00, David Squires Said: > > >The 1-13 week time frame is based on WON's study of many bull > market cycles. > >In his study he found that quality leadership names will clear > sound bases > >for up to 13 weeks after the low. This is why you can sit and > wait for the > >real high growth leaders rather than slower growth names that set-up. > > > >DSquires > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser > > > Sent: Friday, November 03, 2000 8:40 AM > > > To: canslim@xmission.com > > > Cc: steven.e.mlaker@l-3com.com > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > Here is an interesting tidbit from WON from the IBD website. > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow through" > > > days. Will > > > this potential rally falter with the lack of sound base patterns from > > > quality companies? > > > > > > > > > - Submitted from > > > Durham, N.C. > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > follow-through, the > > > only thing you know is that the market has now signaled its change of > > > direction. If you don't see any quality stocks breaking out > of sound bases > > > on strong volume, then you don't buy anything. If the > follow-through is > > > "for real" and the market continues in a rally phase, you > should begin to > > > see quality stocks begin to break out of sound bases anywhere > from one to > > > 13 weeks after the follow-through day. It's possible that > right now the > > > potential leaders are building the right sides of their cups > or other base > > > patterns and will break out at some point a few weeks later. The > > > good thing > > > is that you don't have to know what the market is going to do. > > > And if there > > > are no breakouts occurring, then you will naturally not get > sucked into a > > > potentially failing follow-through. " > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for quality > breakouts to > > > start? This was a new one for me, but I think it makes > sense. After an > > > extended down period, even the new leaders could have been beaten down > > > enough that the right side of the cup could take weeks or > longer to form. > > > > > > - > > > > > > > > > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Interesting Point from WON Date: 05 Nov 2000 19:49:37 -0600 Congratulations! my hat is off to you. Tom Worley wrote: > > As a rule, I do not buy any stocks I am not willing to own long > term (defined for me as a year or longer). I am not trading on > margin any more, but if I was the minimum would be three months. > > Currently, 4 of my 5 holdings have been held for over a year. > That is not a function of good adherence to CANSLIM, just the > opposite as I should have exited all of them. Sheer lack of time > due extremely long work hours and exhaustion led to inaction as I > could not follow my personal methodology and application of > CANSLIM. The one stock that is under 1 year is EPIQ, which I am > on my fourth ownership in just over two years, yielding 70%, 20%, > 30% the first three times and currently up 50% on the present > ownership (closer attention and I would have recently sold up > 80%). > > Generally speaking, I do not sell unless fundamentals > deteriorate. Since I no longer must generate an income from my > investments, I am more tolerant of dips and pullbacks. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Kent Norman > To: > Sent: Saturday, November 04, 2000 8:04 PM > Subject: Re: [CANSLIM] Interesting Point from WON > > Thanks > > I guess that is what I have been doing wrong, following the > herd - or is > it "heard"? > > Just out of curiosity - approximately how long do you hold an > average > stock? > > Kent > > Tom Worley wrote: > > > > Probably true if all you consider are high volume stocks that > > institutionals like. Since I only focus on small and micro cap > > stocks where the institutionals are less likely to play, I tend > > to get in ahead of them. > > > > But CANSLIM is a method of decision making independent of what > > the institutionals are doing. Used properly, it permits you to > be > > in the stock before the rest of the "herd" follows suit. Done > > right, you already own the stock prior to the "herd" beginning > to > > chase it. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Kent Norman > > To: > > Sent: Saturday, November 04, 2000 6:29 PM > > Subject: Re: [CANSLIM] Interesting Point from WON > > > > Tom > > > > Isn't this effectively what CANSLIM does? Wait for high volume > > breakout > > caused by institutions and then jump on board? > > > > Thanks > > Kent > > > > Tom Worley wrote: > > > > > > Hi Tim, > > > > > > You should reread the piece again, it does not say the rally > > > starts with slow growth companies, just that it can, as it > > seems > > > to be doing here. > > > > > > I also don't think sector rotation is so much an artifact as > it > > > is symptomatic of "herd mentality" among the institutional > > > managers, all competing to be better than the next one. So > the > > > upstarts tend to chase the purchasing and selling of the ones > > > with established reputations, without having their own > > > methodology and decision making. > > > > > > Tom Worley > > > stkguru@netside.net > > > ICQ # 5568838 > > > > > > ----- Original Message ----- > > > From: Tim Fisher > > > To: > > > Sent: Friday, November 03, 2000 1:01 PM > > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > > > This is an interesting assertion. have any data to back it > up? > > Do > > > rallies > > > really start with slower growth companies? My impression has > > been > > > that > > > sectors rotate throughout a rally and the growth you observe > as > > > the rally > > > matures is simply an artifact of the fact that a rally is > > driving > > > prices, > > > performance, the economy,and thus EPS. > > > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > > > >The 1-13 week time frame is based on WON's study of many > bull > > > market cycles. > > > >In his study he found that quality leadership names will > clear > > > sound bases > > > >for up to 13 weeks after the low. This is why you can sit > and > > > wait for the > > > >real high growth leaders rather than slower growth names > that > > > set-up. > > > > > > > >DSquires > > > > > > > > > -----Original Message----- > > > > > From: owner-canslim@lists.xmission.com > > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > Earl > > > Setser > > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > > To: canslim@xmission.com > > > > > Cc: steven.e.mlaker@l-3com.com > > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > > website. > > > > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > > through" > > > > > days. Will > > > > > this potential rally falter with the lack of sound base > > > patterns from > > > > > quality companies? > > > > > > > > > > > > > > > - Submitted > > from > > > > > Durham, N.C. > > > > > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > > follow-through, the > > > > > only thing you know is that the market has now signaled > its > > > change of > > > > > direction. If you don't see any quality stocks breaking > out > > > of sound bases > > > > > on strong volume, then you don't buy anything. If the > > > follow-through is > > > > > "for real" and the market continues in a rally phase, you > > > should begin to > > > > > see quality stocks begin to break out of sound bases > > anywhere > > > from one to > > > > > 13 weeks after the follow-through day. It's possible that > > > right now the > > > > > potential leaders are building the right sides of their > > cups > > > or other base > > > > > patterns and will break out at some point a few weeks > > later. > > > The > > > > > good thing > > > > > is that you don't have to know what the market is going > to > > > do. > > > > > And if there > > > > > are no breakouts occurring, then you will naturally not > get > > > sucked into a > > > > > potentially failing follow-through. " > > > > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for > quality > > > breakouts to > > > > > start? This was a new one for me, but I think it makes > > > sense. After an > > > > > extended down period, even the new leaders could have bee > n > > > beaten down > > > > > enough that the right side of the cup could take weeks or > > > longer to form. > > > > > > > > > > - > > > > > > > > > > > > > > > > > > > > > >- > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > - > > > > > > - > > > > - > > > > - > > - > > - - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] DGO List - Part One Earnings calendar Date: 05 Nov 2000 21:44:26 -0600 Earnings dates from excite.com (right column) SRNA 11/13/2000 CEFT 02/09/2001 FRX 01/16/2001 DST 01/25/2001 CANI 12/05/2000 BELFB n/a PHM 01/19/2001 KVA symbol not found PLMD 01/16/2001 USPH n/a MDC 01/15/2001 ACXM 01/22/2001 PENN 02/14/2001 PKI 01/25/2001 ACL 02/14/2001 Kent Tom Worley wrote: > > Overall, there were 251 stocks on the list this week from the DG > books, having both RS and EPS of 80 or better, and at or within > 5% of their 12 month highs. I was interested in how this > compares historically, and was surprised that this is the largest > list since at least August 1999. This is also a sharp 25% > expansion from last week's total. May not mean anything, and > won't know till I look at the charts, but suggests the > possibility of "M" being a lot healthier than I imagined. > Constructive bases, and quality of leadership, will be key. For > prior weeks, the total was 201, 176, 153 and 226. > > As always, my shorthand is Bx where "B" means a base of "x" weeks > duration, IMO. > > SRNA - B2 > CEFT - LLUR ?? > FRX - B2 > DST - possible handle forming > CANI - B2 handle on a small cup > BELFA/BELFB - possible handle forming > PHM - nice cup, possible handle forming > KVA - holding a B2 on lite vol > PLMD - B2 > USPH - B1+ > MDC - B5 > ACXM - B2 > PENN - B4 > PKI - B1+ > ACL - B2+ > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > - - ------------------------------------------------------------------------------- From: "Ed Wile" Subject: [CANSLIM] Motley Fool CANSLIM Board Date: 05 Nov 2000 22:50:52 -0800 I've posted this before, but it bears repeating. The discussion on the CANSLIM board at The Motley Fool web site (www.fool.com) is of the highest quality. To me it's essentially an ongoing class in investing. The board is run by a guy who calls himself Db and he has a CANSLIM web site, with a reading list (I've finished the first two books, WON's How to Make MITSM... and Stan Weinstein's Profiting in Bull and Bear MArkets...a must read imho) The reading list is 10 or 11 books long. Db is a bit harsh and he teaches mostly by socratic method, but he does teach and reading that board daily has been a great education for me. I really think that alot of the members of this list would like it alot! Ed - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] DGO List - Part Two earnings calendar Date: 05 Nov 2000 21:51:21 -0600 Earnings dates from excite.com (right column) UNH 02/08/2001 PVA 02/14/2001 CAH 01/23/2001 AMFH n/a BCP 02/05/2001 PMI 01/24/2001 TGIC 01/17/2001 ABK 01/24/2001 CORS 01/25/2001 MFSF n/a NAP 01/16/2001 IBCP 01/18/2001 RGA 01/25/2001 AIND 02/07/2001 COHB 01/18/2001 Kent Tom Worley wrote: > > UNH - B5, b/o failed and back to the base > PVA - B6+ > CAH - B7 > AMFH - B11 > BCP - B2 > PMI - B8 > TGIC - B7+, vol light > ABK - B4, b/o failed, back to the base > CORS - B3 > MFSF - B3+ > NAP - base on base > IBCP - B2 > RGA - B3 > AIND - B9, another failed b/o, back to the base > COHB - B2 > > All in all, despite the longest list in over 14 months, most > stocks on the overall list do not have constructive bases. There > are few tech stocks, most are financials and home builders, with > some medical and biotech. Most of the stocks show a strong > recovery back to their 12 month high level from sharply depressed > levels of the past two months. The next few weeks may give a > clearer picture of future leadership, and base formation followed > by breakouts. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > - - ------------------------------------------------------------------------------- From: Dan Cash Subject: Re: [CANSLIM] Leaders List Date: 05 Nov 2000 20:21:07 -0800 Thank you for your explanation, Earl. Dan Earl Setser wrote: > The list is ordered by calculated rank. Based on this, the top stocks > generally have rankings at least close to 99/99/AAA and A sponsorship. As > you go down the list, the ranks fall. I try to select enough industry > groups to have 175-250 stocks to start with. I don't have time to update > data on more stocks, and I prefer to add strong stocks from slightly lower > ranked industry groups rather than the first 100 stocks from the strongest > groups. Overall, my goal of using 100-150 or so (about 130 this week) is > to keep only those with the strongest ratings. My thought is that any > stock on the list has very strong CANSLIM attributes, and is a good > candidate. And generally, I look at any stock on the list with a good > chart as a good buy candidate. I do use DGO to look at the earnings growth > rates, trends, etc. to get more information before making a purchase/ > > However, to get back to your question - with all else being equal, I prefer > stocks higher on the list rather than lower. I feel that a 95/95 stock > ready to break out probably has a better shot at success than another stock > at 85/85 with a similar chart. I also like to pick the stocks in the > stronger industry group if I have a choice of stocks with nice charts. In > fact, some of my lists last year included Industry Group rank in the > equation. I've removed that portion since then as I've found the week to > week rankings sometimes change quickly, and I can use the overall rank as > another input to my picks. > > At 12:27 PM 11/5/00 -0800, you wrote: > >Do you place any importance to the order of your list? > > > >Thanks for it, > >Dan > > > >Earl Setser wrote: > > > >> Well, here's my latest "Leaders List". I haven't posted this for some time > >> due to bad "M". > >> > >> For those newer to the group, this is a list of stocks ranked 75/80 or > >> better and industry group rank of at least "A". For this list, I removed > >> groups below about 35th in ranking, and also removed Oil & Gas and Tobacco. > >> For each stock, I calculate a rank based on the IBD Smart Select ratings > >> and Sponsorship rank. The list is the top 140 or so stocks given that > >> ranking, with the stocks in ranked order (first stock is highest, etc.) I > >> use the list as a starting point to pick a CANSLIM watch list for the next > >> week or so. > >> > >> Standard Disclaimer - I haven't yet performed any chart reviews on this > >> list, so proceed at your own risk. I presently own KVA, COGN, LAB, and > ATSN. > >> > >> For a great more detail on my approach to generating this list, please > >> check the CANSLIM archives from summer 2000. > >> > >> PDII > >> CPN > >> EMLX > >> FRX > >> CEFT > >> SHFL > >> SRNA > >> LAB > >> PWER > >> IMPH > >> ADVP > >> AMRI > >> IFIN > >> ITWO > >> PROX > >> NVR > >> AMSGA > >> GENZ > >> GMST > >> AMG > >> SRDX > >> CHBS > >> TECH > >> FII > >> JBL > >> CHCS > >> PPD > >> ACRT > >> KEI > >> SEBL > >> USPH > >> OCA > >> JNIC > >> CHP > >> SKX > >> KREM > >> GBL > >> CAKE > >> MNTG > >> SANM > >> NRG > >> PENN > >> LM > >> AMSGB > >> RHB > >> KG > >> BLK > >> MERQ > >> PKI > >> BMET > >> EDMC > >> AZA > >> COCO > >> ACL > >> BRO > >> ANF > >> QGENF > >> ILI > >> CLS > >> WLP > >> VRTS > >> CPS > >> SBUX > >> NTIQ > >> LMRK > >> CMNT > >> ADBE > >> ARXX > >> KVA > >> HMA > >> COGN > >> EXAC > >> AVZ > >> HOTT > >> PATH > >> MRX > >> ELN > >> RDN > >> MER > >> DIAN > >> IONA > >> AES > >> DV > >> AXF > >> PMI > >> LDP > >> AFL > >> ACTU > >> TGH > >> PPDI > >> AFCO > >> PHM > >> PHCC > >> BRCD > >> ABK > >> IMG > >> ENGL > >> SPF > >> NHCH > >> KBH > >> INRS > >> NEWP > >> WDR > >> SNRZ > >> MUSE > >> LNCR > >> PFCB > >> TNL > >> FLEX > >> MDC > >> TARO > >> EAT > >> SYK > >> RYL > >> RJF > >> MME > >> MFC > >> ACDO > >> IGT > >> RE > >> AREM > >> AAS > >> TOL > >> SLOT > >> HF > >> ESRX > >> CAH > >> APOL > >> CI > >> ADV > >> IVX > >> > >> - > > > > > >- > > > > > > > > - - ------------------------------------------------------------------------------- From: Dan Cash Subject: Re: [CANSLIM] Motley Fool CANSLIM Board Date: 05 Nov 2000 20:24:29 -0800 db use to be on this list... Glad he found a list he can run. Ed Wile wrote: > I've posted this before, but it bears repeating. The discussion on the > CANSLIM board at The Motley Fool web site (www.fool.com) is of the highest > quality. > To me it's essentially an ongoing class in investing. The board is run > by a guy who calls himself Db and he has a CANSLIM web site, with a reading > list (I've finished the first two books, WON's How to Make MITSM... and Stan > Weinstein's Profiting in Bull and Bear MArkets...a must read imho) The > reading list is 10 or 11 books long. > Db is a bit harsh and he teaches mostly by socratic method, but he does > teach and reading that board daily has been a great education for me. > I really think that alot of the members of this list would like it alot! > > Ed > > - - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] your knowledge & conscience Date: 06 Nov 2000 07:15:27 -0800 um...VOTE - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] My HGS Watch List Date: 06 Nov 2000 09:26:19 -0800 Discl: I own ABK AFL EDMC FII GBL KP MTH NAT SEBL TGH Stock ERG E R G A/D SMR Growth Curr Earn Prev Earn Group PDII 296 98 99 99 A A 65 86 46 MEDDEN_SERV ADVP 294 97 98 99 A A 68 32 60 MEDDEN_SERV AMRI 294 97 98 99 B A 156 52 53 MEDDEN_SERV CPN 294 99 96 99 A A 51 159 131 ENER_OTH IMPH 294 96 99 99 A A 44 33 36 MEDDEN_SERV MTH 292 99 98 95 A A 126 176 100 BUILD_RES DIAN 291 95 97 99 B B 62 47 43 MEDDEN_SERV CVTY 289 95 96 98 B C 67 35 40 MED_HMO NVR 289 99 95 95 A A 71 58 49 BUILD_RES LAB 288 99 98 91 A A 318 111 242 FIN_BROKERS TGH 288 95 95 98 B C 39 63 63 MED_HMO FRX 286 98 94 94 A A 69 78 41 MED_ETH SHFL 286 96 96 94 B A 44 42 81 LEIS_GAMES SPF 286 97 94 95 A B 85 57 28 BUILD_RES AES 285 95 91 99 C A 25 93 39 ENER_OTH IFIN 285 97 99 89 A A 31 47 44 FIN_MISC AVZ 284 96 97 91 A - 20 85 78 FIN_INVMGMT USPH 284 91 97 96 A A 17 53 46 MED_OUTPAT AMG 283 98 94 91 A A 173 42 49 FIN_INVMGMT CHBS 283 98 98 87 A A 71 363 193 RET_CLOTHES CHCS 283 99 97 87 B A 78 86 75 RET_CLOTHES TARO 283 94 94 95 A B 31 64 38 MED_GEN CEFT 282 99 94 89 A A 43 35 150 FIN_MISC PENG 282 93 97 92 C A 14 170 182 O&G_USEXPL RYL 282 93 94 95 A B 89 45 11 BUILD_RES UHS 282 90 94 98 B C 18 112 7 MED_HOSP FII 281 96 94 91 A A 90 38 30 FIN_INVMGMT EDMC 280 94 97 89 B A 60 33 25 COMM_SCHOOL TOL 280 92 93 95 B A 20 25 27 BUILD_RES KP 279 90 97 92 B A 8 347 617 O&G_USEXPL KREM 279 96 98 85 B B 47 150 35 RET_REST PPD 279 98 92 89 A A 49 50 33 FIN_MISC AZA 278 90 94 94 B A 19 15 33 MED_ETH GBL 278 91 96 91 A A 15 41 23 FIN_INVMGMT HMA 278 91 89 98 B A 22 23 20 MED_HOSP MFC 278 92 94 92 A B 23 24 21 INS_MISC PWER 278 97 99 82 B A 36 122 367 ELEC_EQ BRCD 277 84 97 96 C B NA 999 999 COMP_LANS CLS 277 99 90 88 B B 55 117 88 ELEC_MISC OCA 277 97 93 87 A A 41 32 29 COMM_BUS SEBL 277 98 97 82 C A 81 180 67 COMPS_ENT AAS 276 86 97 93 B B 16 20 21 MED_WDRUG CI 276 92 86 98 A C 55 41 43 MED_HMO LEN 276 87 94 95 B A 31 25 2 BUILD_RES SRDX 276 97 96 83 B A 130 125 25 MED_INST ELN 274 93 87 94 B A 22 28 24 MED_ETH DSL 273 97 95 81 B A 30 58 51 FIN_S&L SWBT 273 95 95 83 A A 21 33 55 BANK_WSW CAKE 272 93 94 85 B A 22 39 47 RET_REST GBBK 272 98 91 83 B A 50 38 52 BANK_WSW MERQ 272 99 91 82 C A 56 100 75 COMPS_ENT CPS 271 95 86 90 A A 24 68 29 INS_PROP APOL 270 97 84 89 C A 38 29 31 COMM_SCHOOL IGT 270 84 92 94 B B 16 31 6 LEIS_GAMES MER 270 91 88 91 A A 19 40 33 FIN_BROKERS ACF 269 98 91 80 B A 51 46 39 FIN_CONSUMER BRO 269 90 93 86 A A 15 25 25 INS_BROKER RDN 269 95 84 90 A A 24 39 38 INS_PROP ADBE 268 92 94 82 C A 16 52 49 COMPS_ENT AFL 268 89 89 90 A B 16 19 26 INS_HEALTH EVG 268 94 82 92 C A 23 67 100 O&G_USEXPL RARE 268 92 91 85 B B 18 47 45 RET_REST RJF 268 85 92 91 B A 16 72 2 FIN_BROKERS PMI 267 92 85 90 A A 17 27 33 INS_PROP RE 267 83 94 90 A B 21 13 9 INS_PROP SNRZ 267 84 95 88 A B 82 76 -44 MED_NURSING ABK 266 89 87 90 B A 18 25 26 INS_PROP AGM 266 97 85 84 A B 100 50 47 FIN_MORTSVCS WGOV 265 87 93 85 B C 25 31 9 ELEC_CONTROL HF 264 88 87 89 B A 16 22 14 FIN_MISC EAT 263 91 87 85 B B 18 30 35 RET_REST HAVN 262 88 93 81 A B 7 126 103 FIN_S&L SBIB 262 87 92 83 A A 15 18 19 BANK_WSW BMET 261 89 89 83 A A 16 17 22 MED_INST DRI 260 88 87 85 A B 19 31 30 RET_REST HIG 260 84 86 90 B C 16 30 7 INS_PROP SYK 260 92 85 83 B A 17 32 37 MED_INST GDW 259 90 88 81 B A 20 21 17 FIN_S&L MMC 258 89 83 86 B A 18 20 17 INS_BROKER FTS 257 87 83 87 A B 16 43 12 RET_CLOTHES NOC 253 90 83 80 C C 21 27 40 AERO_DEF Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] CSCO beat estimates by 1 cent Date: 06 Nov 2000 15:24:51 -0600 CSCO beat estimates by 1 cent - ------------------------------------------------------------------------------- From: Surindra Singh Subject: Re: [CANSLIM] CSCO beat estimates by 1 cent Date: 07 Nov 2000 00:09:25 -0500 this probably is not good enough for cisco... was trading lower in the after-hours... surindra singh ----- Original Message ----- Sent: Monday, November 06, 2000 4:24 PM CSCO beat estimates by 1 cent - - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] CSCO beat estimates by 1 cent Date: 06 Nov 2000 23:24:16 -0600 The talking heads were saying it was probably a case of buy on the rumor - sell on the news. I was concerned the market would crash if they missed... Kent Surindra Singh wrote: > > this probably is not good enough for cisco... > > was trading lower in the after-hours... > > surindra singh > > ----- Original Message ----- > From: "Kent Norman" > To: "CANSLIM" > Sent: Monday, November 06, 2000 4:24 PM > Subject: [CANSLIM] CSCO beat estimates by 1 cent > > CSCO beat estimates by 1 cent > > - > > - - ------------------------------------------------------------------------------- From: Robert Subject: [CANSLIM] Acc/Dis numbers Date: 07 Nov 2000 10:45:20 -0500 Here are the latest Acc/Dis numbers: Date A B C D E AB/A:E %E 10/24/00 693 2141 1323 1265 715 46% 12% 10/25/00 692 2162 1321 1271 715 46% 12% 10/26/00 717 2198 1312 1238 692 47% 11% 10/27/00 378 2122 1307 1286 727 43% 12% 10/30/00 669 2100 1325 1295 704 45% 12% 10/31/00 879 2153 1331 1273 673 48% 11% 11/1/00 paper missing at library 11/2/00 paper missing at library 11/3/00 836 2404 1263 1088 536 53% 9% 11/6/00 880 2495 1236 1042 484 55% 8% Spread sheet version: Date,A,B,C,D,E,AB/A:E,%E 10/23/00,648,2122,1281,1301,771,45%,13% 10/24/00,693,2141,1323,1265,715,46%,12% 10/25/00,692,2162,1321,1271,715,46%,12% 10/26/00,717,2198,1312,1238,692,47%,11% 10/27/00,378,2122,1307,1286,727,43%,12% 10/30/00,669,2100,1325,1295,704,45%,12% 10/31/00,879,2153,1331,1273,673,48%,11% 11/1/00,paper,missing,at,library,,, 11/2/00,paper,missing,at,library,,, 11/3/00,836,2404,1263,1088,536,53%,9% 11/6/00,880,2495,1236,1042,484,55%,8% Robert _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Ian" Subject: [CANSLIM] BARR broke out today. Date: 07 Nov 2000 09:31:16 -0800 Last Wednesday's IBD rates BARR: 81 88 A B A , so it is a solid candidate. However, IMHO, its greatest appeal is the 'N' in CANSLIM. It has products in testing with pharmaceutical companies that may expand its market significantly. Recent handheld monitors expand its traditional explosive dection market to include firefighters. BARR hit a 52-week high today, breaking through significant resistance in the $9's on a large increase in volume. They also have a strong balanceh sheet, with lots of cash, and trade at a relatively modest multiple of earnings and sales. Opinions? Ian - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] BARR broke out today. Date: 07 Nov 2000 09:52:11 -0800 $9.00 says it all. Too small for WON. Tom would love it though. On 09:31 AM 11/7/00, Ian Said: >Last Wednesday's IBD rates BARR: 81 88 A B A , so it is a solid candidate. >However, IMHO, its greatest appeal is the 'N' in CANSLIM. It has products in >testing with pharmaceutical companies that may expand its market >significantly. Recent handheld monitors expand its traditional explosive >dection market to include firefighters. > >BARR hit a 52-week high today, breaking through significant resistance in >the $9's on a large increase in volume. > >They also have a strong balanceh sheet, with lots of cash, and trade at a >relatively modest multiple of earnings and sales. > >Opinions? > >Ian > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Ian" Subject: [CANSLIM] BARR broke out today. Date: 07 Nov 2000 09:31:16 -0800 Last Wednesday's IBD rates BARR: 81 88 A B A , so it is a solid candidate. However, IMHO, its greatest appeal is the 'N' in CANSLIM. It has products in testing with pharmaceutical companies that may expand its market significantly. Recent handheld monitors expand its traditional explosive dection market to include firefighters. BARR hit a 52-week high today, breaking through significant resistance in the $9's on a large increase in volume. They also have a strong balanceh sheet, with lots of cash, and trade at a relatively modest multiple of earnings and sales. Opinions? Ian - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] BARR broke out today. Date: 08 Nov 2000 07:54:31 -0500 concur, price and liquidity keeps it out of mainstream CANSLIM. fails my criteria as two of past four qtrs were down from prior year on both earnings and sales. Add to that 1999 was a dismal year for earnings, and the future too uncertain. I also don't like Management ownership (11%). On a small company, I want the managers to have not only their salaries and jobs on the line, but their entire net worth. I want them to realize that what is good for shareholders is even more good for them. If that means taking a modest salary, and working 16 hours a day, so be it. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Tuesday, November 07, 2000 12:52 PM $9.00 says it all. Too small for WON. Tom would love it though. On 09:31 AM 11/7/00, Ian Said: >Last Wednesday's IBD rates BARR: 81 88 A B A , so it is a solid candidate. >However, IMHO, its greatest appeal is the 'N' in CANSLIM. It has products in >testing with pharmaceutical companies that may expand its market >significantly. Recent handheld monitors expand its traditional explosive >dection market to include firefighters. > >BARR hit a 52-week high today, breaking through significant resistance in >the $9's on a large increase in volume. > >They also have a strong balanceh sheet, with lots of cash, and trade at a >relatively modest multiple of earnings and sales. > >Opinions? > >Ian > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: [CANSLIM] Schwab commissions Date: 09 Nov 2000 23:26:42 -0800 Schwab's improved their Active Trader commissions. It's still the same price: Shares up to 30/qtr 31-60/qtr >60 1000 29.95 19.95 14.95 >1000 .03/shr .02 .01/shr min 14.95 but now your commission level is carried into the next quarter instead of resetting to 29.95/ .03/shr. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Finding a bottom Date: 10 Nov 2000 07:59:11 -0500 Futures suggest we will not only open down several percent on Nasdaq, but will continue to seek a bottom. I still think we may have to break 3000 before this is all over. The markets really hate uncertainty, and this election is killing us, unless you are smart enough to be 100% cash. And it's all happening in my back yard, oh to live such an interesting life! Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] Schwab commissions Date: 10 Nov 2000 06:53:08 -0800 So when does it reset? 2001? I got it once during the height of the feeding frenzy this spring. At 11:26 PM 11/9/00 -0800, you wrote: >Schwab's improved their Active Trader commissions. It's still the same >price: > >Shares up to 30/qtr 31-60/qtr >60 >1000 29.95 19.95 14.95 > >1000 .03/shr .02 .01/shr >min 14.95 > >but now your commission level is carried into the next quarter instead of >resetting to 29.95/ .03/shr. > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "D & N Boyd" Subject: [CANSLIM] Intro: Norman Boyd Date: 10 Nov 2000 12:59:55 -0600 Hello, I have been reading the digest for several months now and find it very interesting. I currently have subscribed to receive only the digest. I have just begun to invest in stocks so my learning curve is still very steep. Hopefully it will remain that way for awhile. I live on the gulf coast of Texas where I work as a fisheries biologist. I am married and live out in the country with my wife, our 2 teenage daughters and what ever animals 'follow' them home. Thought I would relay an investors.com response to some questions I had. It looks like their site will take a giant step forward soon. Questions: 1. In the future, after beta testing, will print edition archives be available to print subscribers. I am really tired of saving newspapers - fire hazard you know! And, will these archives be searchable so that we don't have to keep an index of all potentially usefull articles. 2. Will there be an online stock screen available to print subscribers? Response: Dear Mr. Boyd: Thank you for your inquiry. We are currently in the beta testing stage of our new website, www.investors.com. When the final version is launched, probably within the next few weeks, there will be an extensive article archive available. A fee structure for access, as it pertains to subscribers/non-subscribers, has not been finalized. Our programmers are planning on adding a new search feature to the site which will allow you to generate a list of stocks that meet the specific criteria you set forth. This feature is not online yet but will probably be ready shortly after the beta "test" period is over. A specific date has not been given yet. Stay tuned! Best regards, investors.com - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Intro: Norman Boyd Date: 10 Nov 2000 11:11:50 -0800 Cool, another fish squeezer! Welcome aboard! On 10:59 AM 11/10/00, D & N Boyd Said: >Hello, I have been reading the digest for several months now and find it >very interesting. I currently have subscribed to receive only the digest. >I have just begun to invest in stocks so my learning curve is still very >steep. Hopefully it will remain that way for awhile. > >I live on the gulf coast of Texas where I work as a fisheries biologist. I >am married and live out in the country with my wife, our 2 teenage daughters >and what ever animals 'follow' them home. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Surindra Singh Subject: Re: [CANSLIM] Intro: Norman Boyd Date: 10 Nov 2000 14:37:14 -0500 i thought biologist and squeezer are way apart... surindra ----- Original Message ----- Sent: Friday, November 10, 2000 2:11 PM Cool, another fish squeezer! Welcome aboard! On 10:59 AM 11/10/00, D & N Boyd Said: >Hello, I have been reading the digest for several months now and find it >very interesting. I currently have subscribed to receive only the digest. >I have just begun to invest in stocks so my learning curve is still very >steep. Hopefully it will remain that way for awhile. > >I live on the gulf coast of Texas where I work as a fisheries biologist. I >am married and live out in the country with my wife, our 2 teenage daughters >and what ever animals 'follow' them home. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: Re: [CANSLIM] Schwab commissions Date: 10 Nov 2000 12:18:53 -0800 It resets at the start of every quarter. I guess I should have said your commission level is determined by how many trades you made the previous quarter. ----- Original Message ----- Sent: Friday, November 10, 2000 6:53 AM So when does it reset? 2001? I got it once during the height of the feeding frenzy this spring. At 11:26 PM 11/9/00 -0800, you wrote: >Schwab's improved their Active Trader commissions. It's still the same >price: > >Shares up to 30/qtr 31-60/qtr >60 >1000 29.95 19.95 14.95 > >1000 .03/shr .02 .01/shr >min 14.95 > >but now your commission level is carried into the next quarter instead of >resetting to 29.95/ .03/shr. > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------------------------------------------------------- From: "can slim" Subject: Re: [CANSLIM] Interesting Point from WON Date: 10 Nov 2000 21:30:49 EST Do you still own ELNT? >From: "Tom Worley" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] Interesting Point from WON >Date: Sun, 5 Nov 2000 06:19:54 -0500 > >As a rule, I do not buy any stocks I am not willing to own long >term (defined for me as a year or longer). I am not trading on >margin any more, but if I was the minimum would be three months. > >Currently, 4 of my 5 holdings have been held for over a year. >That is not a function of good adherence to CANSLIM, just the >opposite as I should have exited all of them. Sheer lack of time >due extremely long work hours and exhaustion led to inaction as I >could not follow my personal methodology and application of >CANSLIM. The one stock that is under 1 year is EPIQ, which I am >on my fourth ownership in just over two years, yielding 70%, 20%, >30% the first three times and currently up 50% on the present >ownership (closer attention and I would have recently sold up >80%). > >Generally speaking, I do not sell unless fundamentals >deteriorate. Since I no longer must generate an income from my >investments, I am more tolerant of dips and pullbacks. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Kent Norman >To: >Sent: Saturday, November 04, 2000 8:04 PM >Subject: Re: [CANSLIM] Interesting Point from WON > > >Thanks > >I guess that is what I have been doing wrong, following the >herd - or is >it "heard"? > >Just out of curiosity - approximately how long do you hold an >average >stock? > >Kent > > >Tom Worley wrote: > > > > Probably true if all you consider are high volume stocks that > > institutionals like. Since I only focus on small and micro cap > > stocks where the institutionals are less likely to play, I tend > > to get in ahead of them. > > > > But CANSLIM is a method of decision making independent of what > > the institutionals are doing. Used properly, it permits you to >be > > in the stock before the rest of the "herd" follows suit. Done > > right, you already own the stock prior to the "herd" beginning >to > > chase it. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Kent Norman > > To: > > Sent: Saturday, November 04, 2000 6:29 PM > > Subject: Re: [CANSLIM] Interesting Point from WON > > > > Tom > > > > Isn't this effectively what CANSLIM does? Wait for high volume > > breakout > > caused by institutions and then jump on board? > > > > Thanks > > Kent > > > > Tom Worley wrote: > > > > > > Hi Tim, > > > > > > You should reread the piece again, it does not say the rally > > > starts with slow growth companies, just that it can, as it > > seems > > > to be doing here. > > > > > > I also don't think sector rotation is so much an artifact as >it > > > is symptomatic of "herd mentality" among the institutional > > > managers, all competing to be better than the next one. So >the > > > upstarts tend to chase the purchasing and selling of the ones > > > with established reputations, without having their own > > > methodology and decision making. > > > > > > Tom Worley > > > stkguru@netside.net > > > ICQ # 5568838 > > > > > > ----- Original Message ----- > > > From: Tim Fisher > > > To: > > > Sent: Friday, November 03, 2000 1:01 PM > > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > > > This is an interesting assertion. have any data to back it >up? > > Do > > > rallies > > > really start with slower growth companies? My impression has > > been > > > that > > > sectors rotate throughout a rally and the growth you observe >as > > > the rally > > > matures is simply an artifact of the fact that a rally is > > driving > > > prices, > > > performance, the economy,and thus EPS. > > > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > > > >The 1-13 week time frame is based on WON's study of many >bull > > > market cycles. > > > >In his study he found that quality leadership names will >clear > > > sound bases > > > >for up to 13 weeks after the low. This is why you can sit >and > > > wait for the > > > >real high growth leaders rather than slower growth names >that > > > set-up. > > > > > > > >DSquires > > > > > > > > > -----Original Message----- > > > > > From: owner-canslim@lists.xmission.com > > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of >Earl > > > Setser > > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > > To: canslim@xmission.com > > > > > Cc: steven.e.mlaker@l-3com.com > > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > > website. > > > > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > > through" > > > > > days. Will > > > > > this potential rally falter with the lack of sound base > > > patterns from > > > > > quality companies? > > > > > > > > > > > > > > > - Submitted > > from > > > > > Durham, N.C. > > > > > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > > follow-through, the > > > > > only thing you know is that the market has now signaled >its > > > change of > > > > > direction. If you don't see any quality stocks breaking >out > > > of sound bases > > > > > on strong volume, then you don't buy anything. If the > > > follow-through is > > > > > "for real" and the market continues in a rally phase, you > > > should begin to > > > > > see quality stocks begin to break out of sound bases > > anywhere > > > from one to > > > > > 13 weeks after the follow-through day. It's possible that > > > right now the > > > > > potential leaders are building the right sides of their > > cups > > > or other base > > > > > patterns and will break out at some point a few weeks > > later. > > > The > > > > > good thing > > > > > is that you don't have to know what the market is going >to > > > do. > > > > > And if there > > > > > are no breakouts occurring, then you will naturally not >get > > > sucked into a > > > > > potentially failing follow-through. " > > > > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for >quality > > > breakouts to > > > > > start? This was a new one for me, but I think it makes > > > sense. After an > > > > > extended down period, even the new leaders could have bee >n > > > beaten down > > > > > enough that the right side of the cup could take weeks or > > > longer to form. > > > > > > > > > > - > > > > > > > > > > > > > > > > > > > > > >- > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > - > > > > > > - > > > > - > > > > - > >- > > > >- > _________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com. Share information about yourself, create your own public profile at http://profiles.msn.com. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Interesting Point from WON Date: 10 Nov 2000 22:45:32 -0500 I wish! Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Friday, November 10, 2000 9:30 PM Do you still own ELNT? >From: "Tom Worley" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] Interesting Point from WON >Date: Sun, 5 Nov 2000 06:19:54 -0500 > >As a rule, I do not buy any stocks I am not willing to own long >term (defined for me as a year or longer). I am not trading on >margin any more, but if I was the minimum would be three months. > >Currently, 4 of my 5 holdings have been held for over a year. >That is not a function of good adherence to CANSLIM, just the >opposite as I should have exited all of them. Sheer lack of time >due extremely long work hours and exhaustion led to inaction as I >could not follow my personal methodology and application of >CANSLIM. The one stock that is under 1 year is EPIQ, which I am >on my fourth ownership in just over two years, yielding 70%, 20%, >30% the first three times and currently up 50% on the present >ownership (closer attention and I would have recently sold up >80%). > >Generally speaking, I do not sell unless fundamentals >deteriorate. Since I no longer must generate an income from my >investments, I am more tolerant of dips and pullbacks. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Kent Norman >To: >Sent: Saturday, November 04, 2000 8:04 PM >Subject: Re: [CANSLIM] Interesting Point from WON > > >Thanks > >I guess that is what I have been doing wrong, following the >herd - or is >it "heard"? > >Just out of curiosity - approximately how long do you hold an >average >stock? > >Kent > > >Tom Worley wrote: > > > > Probably true if all you consider are high volume stocks that > > institutionals like. Since I only focus on small and micro cap > > stocks where the institutionals are less likely to play, I tend > > to get in ahead of them. > > > > But CANSLIM is a method of decision making independent of what > > the institutionals are doing. Used properly, it permits you to >be > > in the stock before the rest of the "herd" follows suit. Done > > right, you already own the stock prior to the "herd" beginning >to > > chase it. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Kent Norman > > To: > > Sent: Saturday, November 04, 2000 6:29 PM > > Subject: Re: [CANSLIM] Interesting Point from WON > > > > Tom > > > > Isn't this effectively what CANSLIM does? Wait for high volume > > breakout > > caused by institutions and then jump on board? > > > > Thanks > > Kent > > > > Tom Worley wrote: > > > > > > Hi Tim, > > > > > > You should reread the piece again, it does not say the rally > > > starts with slow growth companies, just that it can, as it > > seems > > > to be doing here. > > > > > > I also don't think sector rotation is so much an artifact as >it > > > is symptomatic of "herd mentality" among the institutional > > > managers, all competing to be better than the next one. So >the > > > upstarts tend to chase the purchasing and selling of the ones > > > with established reputations, without having their own > > > methodology and decision making. > > > > > > Tom Worley > > > stkguru@netside.net > > > ICQ # 5568838 > > > > > > ----- Original Message ----- > > > From: Tim Fisher > > > To: > > > Sent: Friday, November 03, 2000 1:01 PM > > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > > > This is an interesting assertion. have any data to back it >up? > > Do > > > rallies > > > really start with slower growth companies? My impression has > > been > > > that > > > sectors rotate throughout a rally and the growth you observe >as > > > the rally > > > matures is simply an artifact of the fact that a rally is > > driving > > > prices, > > > performance, the economy,and thus EPS. > > > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > > > >The 1-13 week time frame is based on WON's study of many >bull > > > market cycles. > > > >In his study he found that quality leadership names will >clear > > > sound bases > > > >for up to 13 weeks after the low. This is why you can sit >and > > > wait for the > > > >real high growth leaders rather than slower growth names >that > > > set-up. > > > > > > > >DSquires > > > > > > > > > -----Original Message----- > > > > > From: owner-canslim@lists.xmission.com > > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of >Earl > > > Setser > > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > > To: canslim@xmission.com > > > > > Cc: steven.e.mlaker@l-3com.com > > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > > website. > > > > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > > through" > > > > > days. Will > > > > > this potential rally falter with the lack of sound base > > > patterns from > > > > > quality companies? > > > > > > > > > > > > > > > - Submitted > > from > > > > > Durham, N.C. > > > > > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > > follow-through, the > > > > > only thing you know is that the market has now signaled >its > > > change of > > > > > direction. If you don't see any quality stocks breaking >out > > > of sound bases > > > > > on strong volume, then you don't buy anything. If the > > > follow-through is > > > > > "for real" and the market continues in a rally phase, you > > > should begin to > > > > > see quality stocks begin to break out of sound bases > > anywhere > > > from one to > > > > > 13 weeks after the follow-through day. It's possible that > > > right now the > > > > > potential leaders are building the right sides of their > > cups > > > or other base > > > > > patterns and will break out at some point a few weeks > > later. > > > The > > > > > good thing > > > > > is that you don't have to know what the market is going >to > > > do. > > > > > And if there > > > > > are no breakouts occurring, then you will naturally not >get > > > sucked into a > > > > > potentially failing follow-through. " > > > > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for >quality > > > breakouts to > > > > > start? This was a new one for me, but I think it makes > > > sense. After an > > > > > extended down period, even the new leaders could have bee >n > > > beaten down > > > > > enough that the right side of the cup could take weeks or > > > longer to form. > > > > > > > > > > - > > > > > > > > > > > > > > > > > > > > > >- > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > - > > > > > > - > > > > - > > > > - > >- > > > >- > _________________________________________________________________ ________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com. Share information about yourself, create your own public profile at http://profiles.msn.com. - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - Part One Date: 11 Nov 2000 09:43:22 -0500 Overall, the list totaled 250, maintaining a surprising parity (at least to me) to last week's total of 251. With NASDAQ down over 12% for the week, I did not expect this large a list, tho suspect most were at/within 5% of their 12 month highs early in the week. For prior weeks, the total was 201, 176, and 153. SRNA - b/o failed, back to B3 CHKP - undercutting long base at $150 IFIN - B2 AMRI - B3 DFXI - B3 SEIC - B2 FRX - B3 MME - broke out Friday on volume from a reasonably tight B6, closed right at the pivot SWBT - B2 USPH - B2+ PHM - possible b/o from a handle less than one week, risky, but nice cup EDMC - B2- FII - B2, all "A"s MFC - B2++ IGT - B3+ PENN - B5 PATH - B3 ACL - B3 EWBC - B8 SDS - B2 FED - B2 INSUA - B6+ DORL - B2 HAVN - B2 handle on a shallow cup NFS - B2 DH - possible handle forming on a double bottom reviewing from the heart of PETROF (Presidential Election That Recounts On Forever), but then it can't last forever, can it?? Or can it? Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Vanguard Week in Review Date: 11 Nov 2000 10:10:18 -0800 Economic Week in Review: November 6-10, 2000 There was no need for a recount on Wall Street. Unlike the presidential election results, the market's direction was clear: Stock prices fell during the week, especially in the technology sector. Uncertainty--not only about the election but also about the direction of corporate profits and interest rates--was a depressant. The S&P 500(r) Index closed the week at 1,366, down 4.3%. The tech-dominated Nasdaq Composite(r) Index fell 12.2% for the week, reaching a new low for the year. The yield of the 10-year U.S. Treasury note fell 1 basis point to 5.79% (as of 4:30 p.m. Friday). U.S. wholesale prices rose a higher-than-expected 0.4% in October. Even so, the increase in the Producer Price Index was less than half September's 0.9% rise. Driving the October increase were higher prices for food, natural gas, and electricity. The "core" PPI, which excludes food and energy prices, dipped 0.1%, the first decrease in nine months. The price of passenger cars declined by the largest percentage in a decade, reflecting slower auto sales. For the 12 months ended in October, the PPI was up 3.6%, mostly due to higher energy prices; the core PPI was up 1.0% for the same period. Consumers piled up debt at a slower pace in September. Overall, consumer credit rose a less-than-expected $6.5 billion--an annual rate of 5.2%. In another sign of slowing for auto sales, total nonrevolving debt (such as auto, home improvement, and student loans) increased at a 4.0% pace--half as fast as in August. Credit card balances and other revolving debt increased at a 6.8% pace, also much slower than in August. Initial claims for unemployment insurance for the week ended November 4 came in at a higher-than-expected 344,000, compared with the previous week's revised figure of 309,000. The four-week moving average, a better gauge of layoff trends, was 317,250, up 7,500 from the previous week's average. Analysts saw this as further evidence that the U.S. economy's expansion is slowing. The key economic report scheduled for the week of November 13 is the Consumer Price Index for October, which is due Thursday. Other indicators due to be released include retail sales (Tuesday), business inventories and industrial production (Wednesday), and housing starts (Friday). The Federal Reserve Board's Open Market Committee will meet on Wednesday; analysts expect the panel to leave interest rates unchanged. Summary of Major Economic Reports: November 6-10, 2000 |Date Report Actual Expected 10-Year S&P 500 | | Value Value Note Yield Index | |---------------------------------------------------------------------| |November 6 +5 bp -0.4% | |---------------------------------------------------------------------| |November 7 Consumer +$6.5 +$9.0 +1 bp No change| | Credit (September) billion billion | |---------------------------------------------------------------------| |November 8 -1 bp -1.6% | |---------------------------------------------------------------------| |November 9 Producer +0.4% +0.2% | | Price Index | | | |---------------------------------------------------------------------| | PPI, except -0.1% +0.1% | | food and | | energy (October) | |---------------------------------------------------------------------| | Initial Jobless 344,000 308,000 -5 bp -0.7% | | Claims (11/4) | |---------------------------------------------------------------------| |November 10 -1 bp -2.4% | |---------------------------------------------------------------------| | Weekly -1 bp -4.3% | | Change | bp =3D basis points. Note: The economic statistics presented in this report are subject to revision by the agencies that issue them. "Standard & Poor's(r)," "S&P(r)," "S&P 500(r)," "Standard & Poor's 500," and "500" are trademarks of The McGraw-Hill Companies, Inc. (c) 2000 Vanguard Marketing Corporation, Distributor -Jim enjoying-the-chaos-inc=99 - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] Vanguard Week in Review Date: 11 Nov 2000 08:34:42 -0800 The longer this election mess drags out, the deeper the decline and the=20 bigger the relief rally. This is not a fundamentals- or economy-driven=20 decline. Almost every stock on last week's HGS list is holding up very=20 well, within 10% of its highs, some making new highs even on Friday (i.e.=20 TGH, which I own). The stocks selling off are the "old and tired" leaders=20 which, as has been pointed out previously on this list, needed to get=20 whacked back some more before the market can stage a significant can rally.= =20 Still, too many of the old leadership are within striking distance of their= =20 old highs, e.g. SEBL (which I own!) My accounts are off 1.9% for the week,= =20 and I am still about 90% invested since none of my stops were triggered. At 10:10 AM 11/11/00 -0800, you wrote: >Economic Week in Review: November 6-10, 2000 > >There was no need for a recount on Wall Street. Unlike the presidential >election results, the market's direction was clear: Stock prices fell >during the week, especially in the technology sector. Uncertainty--not >only about the election but also about the direction of corporate >profits and interest rates--was a depressant. The S&P 500(r) Index >closed the week at 1,366, down 4.3%. The tech-dominated Nasdaq >Composite(r) Index fell 12.2% for the week, reaching a new low for the >year. The yield of the 10-year U.S. Treasury note fell 1 basis point to >5.79% (as of 4:30 p.m. Friday). > >-Jim enjoying-the-chaos-inc=99 Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: [CANSLIM] HGS List Date: 11 Nov 2000 08:50:52 -0800 Stock ERG E R G A/D SMR Growth Curr Earn Prev Earn Group PDII 296 98 99 99 A A 65 86 46 MEDDEN_SERV AMRI 295 97 99 99 A A 147 46 46 MEDDEN_SERV IMPH 294 96 99 99 B A 44 33 36 MEDDEN_SERV MTH 294 99 98 97 B A 126 176 100 BUILD_RES ADVP 293 97 97 99 B A 68 32 60 MEDDEN_SERV DIAN 292 95 98 99 A B 62 47 43 MEDDEN_SERV MME 292 97 96 99 B C 60 73 57 MED_HMO CPN 291 99 96 96 A A 51 159 131 ENER_OTH CVTY 291 95 97 99 A C 67 35 40 MED_HMO NVR 291 99 95 97 A A 71 58 49 BUILD_RES TGH 291 95 97 99 A C 39 70 63 MED_HMO FRX 290 98 96 96 A A 69 78 41 MED_ETH MDC 288 96 95 97 A B 52 49 20 BUILD_RES PHM 287 97 93 97 A B 43 36 35 BUILD_RES SPF 286 97 92 97 A B 85 57 28 BUILD_RES RYL 285 93 95 97 A B 89 45 11 BUILD_RES TARO 285 94 96 95 A B 31 64 38 MED_GEN USPH 285 92 98 95 A A 18 58 53 MED_OUTPAT AVZ 284 96 96 92 A - 20 85 78 FIN_INVMGMT UHS 284 90 96 98 C C 18 112 7 MED_HOSP AZA 283 90 97 96 B A 19 15 33 MED_ETH HMA 283 91 94 98 B A 22 23 20 MED_HOSP SHFL 283 96 95 92 C A 44 42 81 LEIS_GAMES TOL 283 92 94 97 B A 20 25 27 BUILD_RES AES 282 95 91 96 C A 25 93 39 ENER_OTH CHBS 282 98 97 87 A A 71 363 193 RET_CLOTHES CHCS 282 99 96 87 B A 78 86 75 RET_CLOTHES FII 282 96 94 92 A A 90 38 30 FIN_INVMGMT LAB 282 99 98 85 B A 318 111 242 FIN_BROKERS AMG 281 98 91 92 B A 173 42 49 FIN_INVMGMT MFC 281 94 94 93 A B 23 24 21 INS_MISC IGT 280 94 94 92 B A 16 31 6 LEIS_GAMES PENG 280 94 97 89 C A 14 170 182 O&G_USEXPL IFIN 279 97 99 83 A A 31 47 44 FIN_MISC PENN 279 94 93 92 A A 17 105 135 LEIS_GAMES AAS 278 86 98 94 B B 16 20 21 MED_WDRUG DHI 278 94 87 97 C B 36 29 15 BUILD_RES DSL 278 97 95 86 B A 30 58 51 FIN_S&L EDMC 278 94 96 88 B A 60 33 25 COMM_SCHOOL GBL 278 91 95 92 A A 15 41 23 FIN_INVMGMT OCA 278 97 93 88 B A 41 32 29 COMM_BUS PVA 278 95 87 96 B A 16 85 100 ENER_OTH AXF 277 93 91 93 B A 18 45 39 INS_MISC KP 277 91 97 89 B A 8 347 617 O&G_USEXPL LEN 277 87 93 97 B A 31 25 2 BUILD_RES SRDX 277 97 96 84 B A 130 125 25 MED_INST CEFT 276 99 94 83 A A 43 35 150 FIN_MISC ELN 276 93 87 96 B A 22 28 24 MED_ETH LPNT 276 80 98 98 B D NA 300 175 MED_HOSP SEBL 276 99 95 82 C A 81 180 67 COMPS_ENT WBB 275 89 89 97 C B 17 20 31 BUILD_RES SWBT 274 95 95 84 B A 21 33 55 BANK_WSW APOL 273 97 88 88 C A 38 29 31 COMM_SCHOOL CHP 273 97 96 80 C A 25 81 64 ELEC_MISC CPS 273 95 85 93 A A 24 68 29 INS_PROP PMI 273 92 88 93 A A 17 27 33 INS_PROP RDN 273 95 85 93 B A 24 39 38 INS_PROP RE 272 82 97 93 A B 21 13 9 INS_PROP AFL 271 89 91 91 A B 16 19 26 INS_HEALTH EASI 271 92 92 87 B A 26 93 6 ELEC_MILITARY GMCR 271 92 99 80 A A 23 64 70 RETWHL_FOOD ABK 270 89 88 93 B A 18 25 26 INS_PROP GBBK 270 98 88 84 B A 50 38 52 BANK_WSW GBCB 270 97 89 84 B A 41 37 108 BANK_WSW LLL 270 95 88 87 A B 66 33 27 ELEC_MILITARY BNKU 269 90 95 84 B A 23 24 21 BANK_WSW DBRN 269 91 91 87 B C 21 21 42 RET_CLOTHES HAVN 269 88 95 86 B B 7 126 103 FIN_S&L HIG 269 84 92 93 B C 16 30 7 INS_PROP PCP 269 91 97 81 B B 21 30 24 AERO_DEF_EQ PPD 269 98 88 83 B A 49 50 33 FIN_MISC ADBE 267 92 93 82 B A 16 52 49 COMPS_ENT GDW 267 90 91 86 A A 20 21 17 FIN_S&L BRO 266 90 90 86 B A 15 25 25 INS_BROKER NOC 265 90 85 90 C C 21 27 40 AERO_DEF BMET 264 89 91 84 A A 16 17 22 MED_INST PSFT 264 84 98 82 A D 7 700 500 COMPS_ENT SYK 264 93 87 84 B A 17 32 37 MED_INST ATK 262 83 92 87 B B 15 14 18 ELEC_MILITARY PFGC 262 90 92 80 A C 17 21 21 RETWHL_FOOD RJF 262 86 91 85 B A 16 72 2 FIN_BROKERS SYY 261 91 90 80 A B 15 34 23 RETWHL_FOOD MMC 260 89 85 86 C A 18 20 17 INS_BROKER Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: [CANSLIM] Fwd: Web Site Updated Date: 11 Nov 2000 08:54:11 -0800 >www.ianforum.com/markets.htm > >The Nasdaq failed to penetrate the 3500 resistance area and was decimated >this week due to earnings forecasts and the undecided Presidential >Election. The only bright spot was the relative lack of volume on the >selloff which now has the Nasdaq at its low for the year of 3029. Even the >relative lack of volume was suspect because the up volume vs. the down >volume was overwhelmingly negative. The following information from >Friday's QP2 download is not encouraging. > > New Highs New Lows Advances Declines Unchanged >NASDAQ 23 217 1009 2848 662 > >As you can see, the Nasdaq chart shows we are at critical support. >If the market breaks below this area, especially on heavy volume, I would >be very concerned that it will go much lower. You should be in your >foxholes and preserving capital. I did a little fishing last week in large >cap Mattress Stuffers, but closed them with a small loss when the market >showed no signs of holding. > >There are a few safe havens in Medical, Drugs and some other defensive >issues, but many of these are now extended. I created a new Defensive >custom group in IRL using the Defensive filter. I limited the group to >stocks with an accumulation of greater than 60. When you look at the >chart, you will see this group has been climbing since the market began >its selloff last March. The filter is at the bottom of the page. I will >track this group to see when it breaks down and if its breakdown coincides >with money flowing back into techs. This is an experiment. > >The Cha Cha Cha Surrogate is trashed as is the Mattress Stuffer surrogate. >I am including them only to show you when they broke down to signal an >exit from this market. These custom groups served their purpose for those >who paid attention to them. > >Take a look at the Wilder 3 week RS and note and the Dow, the NYSE and the >Russell 2000 are relatively stronger than the rest of the market. The >Coppock Indicator is still going down. > >In the bottom chart, the both Accumulation/Distribution Indicators are >above the 0 line because the selloff was on relatively light volume. > >My update may be late next week because I will be traveling. > >Ron > > >______________________________________________________________________ >To unsubscribe, write to hgsinvestor-unsubscribe@listbot.com > >Start Your Own FREE Email List at http://www.listbot.com/links/joinlb Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Ian" Subject: [CANSLIM] Re: Is $15 1/8 the correct pivot point for MTON? Date: 11 Nov 2000 09:37:02 -0800 Hi all: On Thursday morning, MTON was suddenly a: 98 95 E B A . I think the valuation is still compelling. And the strength last Wednesday-Friday was phenomenal - up from $14 to $19 while the NASDAQ tanked 400 points. I am expecting a run into the mid $20's at some point. FWIW, I thought I would share a little story that may benefit some in the future. On Thursday morning, I noticed that MTON was halted around 10:30 am EST. I checked the newswires and saw that SNRA was buying 4,000,000 newly issued shares at $17 (MTON was trading at $15 at the time, after having broken out, IMHO, the previous day). As soon as it resumed trading, I noticed the bid/ask was still $15 X $15 1/2. I immediately put in a buy order at $15 1/8 that got filled. Within minutes, it had moved up to $17. The morale? If I ever have this happen to me again in a micro-cap that is not on the radars screens, and the news almost guarantees that it will move higher, than I will enter a lot of orders around the last trading price while it is halted - in an attempt to soak up any existing sells that are hanging around once it reopens. I probably could have bought 3000 - 6000 shares in the minute when the priced hadn't adjusted yet, if I'd had the buy orders ready. Comments on Tom's Saturday DGO list: I have PENN on my short list of stocks that I would consider for purchase now. I have CHKP on my 'short' checklist. Cheers, Ian ----- Original Message ----- Sent: Sunday, November 05, 2000 12:42 PM > Hi all: > > My first post to the board. I am trying to determine the correct pivot point > for Metro One (MTON). IMHO, they meet the CANSLIM criteria, and I am looking > for the pivot point where I will add shares. I think $15 1/8 is correct. > Opinions? Thanks. > > What other micro-caps are people watching for breakouts? > > Ian > - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] DGO List - Part One earnings calendar Date: 11 Nov 2000 15:37:09 -0600 Earnings dates from excite.com SRNA 11/16/2000 CHKP 01/16/2001 IFIN 01/25/2001 AMRI 02/06/2001 DFXI 01/29/2001 SEIC 02/09/2001 FRX 01/16/2001 MME 02/13/2001 SWBT 01/16/2001 USPH n/a PHM 01/19/2001 EDMC 02/06/2001 FII 01/23/2001 IGT 01/18/2001 PENN 02/14/2001 PATH 02/20/2001 ACL 02/14/2001 EWBC 01/11/2001 SDS 02/08/2001 FED 01/25/2001 INSUA 02/15/2001 DORL 01/16/2001 HAVN 01/25/2001 NFS 02/06/2001 DH n/a Kent ----- Tom Worley wrote: > > Overall, the list totaled 250, maintaining a surprising parity > (at least to me) to last week's total of 251. With NASDAQ down > over 12% for the week, I did not expect this large a list, tho > suspect most were at/within 5% of their 12 month highs early in > the week. For prior weeks, the total was 201, 176, and 153. > > SRNA - b/o failed, back to B3 > CHKP - undercutting long base at $150 > IFIN - B2 > AMRI - B3 > DFXI - B3 > SEIC - B2 > FRX - B3 > MME - broke out Friday on volume from a reasonably tight B6, > closed right at the pivot > SWBT - B2 > USPH - B2+ > PHM - possible b/o from a handle less than one week, risky, but > nice cup > EDMC - B2- > FII - B2, all "A"s > MFC - B2++ > IGT - B3+ > PENN - B5 > PATH - B3 > ACL - B3 > EWBC - B8 > SDS - B2 > FED - B2 > INSUA - B6+ > DORL - B2 > HAVN - B2 handle on a shallow cup > NFS - B2 > DH - possible handle forming on a double bottom > > reviewing from the heart of PETROF (Presidential Election That > Recounts On Forever), but then it can't last forever, can it?? Or > can it? > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > - - ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: Re: [CANSLIM] Vanguard Week in Review Date: 11 Nov 2000 15:30:12 -0800 I was stopped out of a couple positions Thursday and Friday and sold one that went down too far. Some even went up Friday, though the really low volume bothers me. I'm worried because I've been whacked so many times when I ignored the action of market indices, and often the very next day. I just sold ADVP LAB CMNT and I still own ISSX LH FII OXHP GENZ. Mike ----- Original Message ----- Sent: Saturday, November 11, 2000 8:34 AM The longer this election mess drags out, the deeper the decline and the bigger the relief rally. This is not a fundamentals- or economy-driven decline. Almost every stock on last week's HGS list is holding up very well, within 10% of its highs, some making new highs even on Friday (i.e. TGH, which I own). The stocks selling off are the "old and tired" leaders which, as has been pointed out previously on this list, needed to get whacked back some more before the market can stage a significant can rally. Still, too many of the old leadership are within striking distance of their old highs, e.g. SEBL (which I own!) My accounts are off 1.9% for the week, and I am still about 90% invested since none of my stops were triggered. At 10:10 AM 11/11/00 -0800, you wrote: >Economic Week in Review: November 6-10, 2000 > >There was no need for a recount on Wall Street. Unlike the presidential >election results, the market's direction was clear: Stock prices fell >during the week, especially in the technology sector. Uncertainty--not >only about the election but also about the direction of corporate >profits and interest rates--was a depressant. The S&P 500(r) Index >closed the week at 1,366, down 4.3%. The tech-dominated Nasdaq >Composite(r) Index fell 12.2% for the week, reaching a new low for the >year. The yield of the 10-year U.S. Treasury note fell 1 basis point to >5.79% (as of 4:30 p.m. Friday). > >-Jim enjoying-the-chaos-incT Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - Part Two Date: 12 Nov 2000 04:21:45 -0500 correction to part one - last stock listed (DH) there should be DHI ACS - B2 AFL - B2 BCP - B3 CPS - B2 CAH - B7 COGN - b/o failed, back to long base BYS - B7, tight base, looks like a buyout chart LPNT - B3 CORS - B4 NTRS - handle after double bottom HIG - B2 handle to a small cup MFSF - B4 TGIC - B8 PDCO - B2 BA - nice c&h, vol down PNNA - B2 TCB - B2 GD - B2 UCU - B2 COHB - B3 AIG - B2+ RGA - B4 CHDN - B2 PDM - tight B5, small cap CBH - B2 AGC - B2+ lot of banks and financials on the list beer drinking must be up, both Bud and Coors look strong Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] DGO List - Part Two Earnings Calendar Date: 12 Nov 2000 15:33:04 -0600 Welcome back Tom, hope your eye is better. Earnings dates from excite.com DHI 01/18/2001 ACS 01/23/2001 AFL 01/29/2001 BCP 02/05/2001 CPS 01/16/2001 CAH 01/23/2001 COGN 12/19/2000 BYS 01/19/2001 LPNT 02/05/2001 CORS 01/25/2001 NTRS 01/16/2001 HIG 02/05/2001 MFSF n/a TGIC 01/17/2001 PDCO 11/20/2000 BA 01/18/2001 PNNA n/a TCB 01/16/2001 GD 01/24/2001 UCU 02/06/2001 COHB 01/18/2001 AIG 02/08/2001 RGA 01/25/2001 CHDN 02/21/2001 PDM n/a CBH n/a AGC 01/24/2001 Kent -------- Tom Worley wrote: > > correction to part one - last stock listed (DH) there should be > DHI > > ACS - B2 > AFL - B2 > BCP - B3 > CPS - B2 > CAH - B7 > COGN - b/o failed, back to long base > BYS - B7, tight base, looks like a buyout chart > LPNT - B3 > CORS - B4 > NTRS - handle after double bottom > HIG - B2 handle to a small cup > MFSF - B4 > TGIC - B8 > PDCO - B2 > BA - nice c&h, vol down > PNNA - B2 > TCB - B2 > GD - B2 > UCU - B2 > COHB - B3 > AIG - B2+ > RGA - B4 > CHDN - B2 > PDM - tight B5, small cap > CBH - B2 > AGC - B2+ > > lot of banks and financials on the list > > beer drinking must be up, both Bud and Coors look strong > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > - - ------------------------------------------------------------------------------- From: "Makara, Tamas" Subject: [CANSLIM] number of lows Date: 13 Nov 2000 16:31:31 +0100 Could someone tell me how many lows there were on 18th October on the Nasdaq and on the NYSE? Thanks, Tamas - ------------------------------------------------------------------------------- From: Robert Subject: [CANSLIM] Acc/Dis Numbers Date: 13 Nov 2000 20:42:17 -0500 Here are the latest Acc/Dis numbers: Date A B C D E AB/A:E %E 11/3/00 836 2404 1263 1088 536 53% 9% 11/6/00 880 2495 1236 1042 484 55% 8% 11/7/00 895 2523 1239 1012 471 56% 8% 11/8/00 917 2502 1247 994 486 56% 8% 11/9/00 922 2509 1231 1008 474 56% 8% 11/10/00 919 2472 1224 1010 494 55% 8% Spread sheet version: Date,A,B,C,D,E,AB/A:E,%E 11/3/00,836,2404,1263,1088,536,53%,9% 11/6/00,880,2495,1236,1042,484,55%,8% 11/7/00,895,2523,1239,1012,471,56%,8% 11/8/00,917,2502,1247,994,486,56%,8% 11/9/00,922,2509,1231,1008,474,56%,8% 11/10/00,919,2472,1224,1010,494,55%,8% Robert __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: "John Hobbs" Subject: [CANSLIM] Date: 13 Nov 2000 22:00:59 -0500 Hello, Being the retentive person i am, i have watched with spread sheet attention Big Money Flow in IBD the last 3-4 weeks, and see a pattern maybe woth continuing. 1) The obvious, on the theory where the money goes, so goes the stock price 2) Maybe there is some long term trend here worth the time (learning experience anyway) So, here's the list of big (repeated) stock hits by the big boys: ACV GDW CRY MRK UNH Here's some big hit losers EMC PKI ADI COF RDN Any comments? - ------------------------------------------------------------------------------- From: Fanus Subject: [CANSLIM] Re: CANSLIMnumber of lows Date: 13 Nov 2000 21:04:43 CST Daily Market Report for 10/18/00 New Highs New Lows Advances Declines Unchanged NYSE 19 297 995 1888 431 AMEX 3 114 210 443 138 NASDAQ 24 513 1454 2572 628 "Makara, Tamas" wrote: Could someone tell me how many lows there were on 18th October on the Nasdaq and on the NYSE? Thanks, Tamas - ____________________________________________________________________ Get free email and a permanent address at http://www.netaddress.com/?N=3D= 1 - ------------------------------------------------------------------------------- From: Quan Tran Subject: Re: [CANSLIM] Acc/Dis Numbers Date: 14 Nov 2000 17:16:05 -0800 (PST) I am new to this list and CANSLIM (still learning). Could someone please point me to where I can learn to read this table. Or perhaps some legends to the column names? Thanks. --- Robert wrote: > Here are the latest Acc/Dis numbers: > > Date A B C D E AB/A:E %E > 11/3/00 836 2404 1263 1088 536 53% 9% > 11/6/00 880 2495 1236 1042 484 55% 8% > 11/7/00 895 2523 1239 1012 471 56% 8% > 11/8/00 917 2502 1247 994 486 56% 8% > 11/9/00 922 2509 1231 1008 474 56% 8% > 11/10/00 919 2472 1224 1010 494 55% 8% > > > Spread sheet version: > > Date,A,B,C,D,E,AB/A:E,%E > > > 11/3/00,836,2404,1263,1088,536,53%,9% > 11/6/00,880,2495,1236,1042,484,55%,8% > 11/7/00,895,2523,1239,1012,471,56%,8% > 11/8/00,917,2502,1247,994,486,56%,8% > 11/9/00,922,2509,1231,1008,474,56%,8% > 11/10/00,919,2472,1224,1010,494,55%,8% > > Robert > ===== Quan Tran email: vyellon@yahoo.com web: http://quan.qtpower.com __________________________________________________ Do You Yahoo!? Yahoo! Calendar - Get organized for the holidays! http://calendar.yahoo.com/ - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Acc/Dis Numbers Date: 14 Nov 2000 20:57:02 -0700 Its the number of stocks with accumulation/distribution ratings of A, B, etc., where A is the best. THis is a ranking from the investors business daily. I am not quite sure how best to interpret it, I know in a strong market the number of A ranked stocks can reach a sort of overbought number, but don't know what that would be. On 14 Nov 00, at 17:16, Quan Tran wrote: > I am new to this list and CANSLIM (still learning). > Could someone please point me to where I can learn to > read this table. Or perhaps some legends to the > column names? > > Thanks. > > --- Robert wrote: > > Here are the latest Acc/Dis numbers: > > > > Date A B C D E AB/A:E %E > > 11/3/00 836 2404 1263 1088 536 53% 9% > > 11/6/00 880 2495 1236 1042 484 55% 8% > > 11/7/00 895 2523 1239 1012 471 56% 8% > > 11/8/00 917 2502 1247 994 486 56% 8% > > 11/9/00 922 2509 1231 1008 474 56% 8% > > 11/10/00 919 2472 1224 1010 494 55% 8% > > > > > > Spread sheet version: > > > > Date,A,B,C,D,E,AB/A:E,%E > > > > > > 11/3/00,836,2404,1263,1088,536,53%,9% > > 11/6/00,880,2495,1236,1042,484,55%,8% > > 11/7/00,895,2523,1239,1012,471,56%,8% > > 11/8/00,917,2502,1247,994,486,56%,8% > > 11/9/00,922,2509,1231,1008,474,56%,8% > > 11/10/00,919,2472,1224,1010,494,55%,8% > > > > Robert > > > > > ===== > Quan Tran > email: vyellon@yahoo.com > web: http://quan.qtpower.com > > __________________________________________________ > Do You Yahoo!? > Yahoo! Calendar - Get organized for the holidays! > http://calendar.yahoo.com/ > > - > - ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 15 Nov 2000 08:00:01 -0700 This is a twice monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are three remedies for this problem: 1) You can leave our group. 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. Or, 3) You can setup customized filters on your own mail client to sort the incoming canslim messages to its own folder. If you wish to modify your canslim subscription, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: [CANSLIM] Fwd: Web Site Updated Date: 18 Nov 2000 07:18:05 -0800 >Ianforum.com - http://www.ianforum.com > >www.ianforum.com/markets.htm > >The Nasdaq made a weak attempt to work higher after falling through >critical support on heavy volume last Monday. Bottom fishers and bargain >hunters entered the market Tuesday and Wednesday to buy stocks others had >thrown out the prior week and last Monday. Take note of the lack of volume >on Tuesday and Wednesday compared to the volume on Monday when the Nasdaq >fell below critical support. There is more conviction to the downside than >to the upside. > >As we know, bottom fishing and catching falling knives is risky, and >although during the past several years buying the dips has proved to be >very profitable, this time seems to be different. If you must be long this >market, buy strong RS stocks in strong or emerging groups. Use IRL to >help you find the winners. If you have the luxury of sitting on the >sidelines, or shorting weak stocks, do so. > >As you can see, the Nasdaq chart is still at critical support after >trading down through it last Monday. If the market breaks below this area >again, especially on heavy volume, I am concerned that it will go much >lower. A drop below the current consolidation pattern will confirm a >bearish consolidation pattern rather than a bottom. You should be in your >foxholes and preserving capital until we get a sense of market direction. >I hate being so negative, but as of today, I don't see many positives. Of >course, this could change with a couple of days of positive market action. >It sounds as if the presidential election will not be decided for a while, >but I feel the current market environment is more the result of digesting >the overexhuberance of last year's froth and a slowing economy. > >In the bottom chart, the both Accumulation/Distribution Indicators are >once again below the 0 line and going down. The MACD is on a sell signal. > >I am traveling for the next two weeks, so my updates will be limited to >the Nasdaq, Market RS, and Group Strength. > >Have a nice Thanksgiving. > >Ron Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Vanguard Economic Week in review Date: 18 Nov 2000 10:43:02 -0800 The most recent Economic Week in Review can be found below. The report is best viewed by setting your browser to a mono-spaced font such as 10-point Courier. (AOL Users: Because the AOL default browser's font cannot be set, the report's table may be difficult to read. For best viewing, click on the Economic Week in Review from Vanguard's homepage at http://www.vanguard.com) Economic Week in Review: November 13-17, 2000 It was a week of mixed messages. The Federal Reserve Board's Open Market Committee left interest rates unchanged, but said inflation is still a danger. Statistical reports showed that the economy seems to be heading for a soft landing, but continued election anxiety in Florida made for a bumpy ride on Wall Street. After a volatile week, the S&P 500 Index closed at 1,368, up 0.2%, while the technology-dominated Nasdaq Composite(r) Index fell 0.1%. The yield of the 10-year U.S. Treasury note fell 10 basis points to 5.69% (as of 4:30 p.m. Friday). The Consumer Price Index inched up 0.2% in October--a rise that was less than half September's gain. Decreases in the cost of gasoline and airline fares were not enough to offset a rise in the prices of natural gas, medical care, and clothing. Energy prices, which had retreated 3.8% in September, rose 0.2% last month. Since January, the CPI has risen at an annual rate of 3.6%, considerably above the 2.7% rate recorded for the 1999 calendar year. The "core" CPI, which excludes the volatile food and energy sectors, also increased 0.2% in October, resulting in a 2.5% annual rate. On another consumer front, retail sales grew by a scant 0.1% in October, just above expectations. Sales of durable goods (items that are expected to last at least three years) slid 0.5%, due in part to a slowdown in vehicle sales. Higher interest rates, rising energy prices, and weak stock market performance seem to be keeping consumer spending in check. Housing starts crept up 0.1% in October, remaining near an annual rate of 1.53 million units. While starts haven't fluctuated much this fall, they are well below last fall's pace. However, building permits rose a solid 1.3% in October, in part as a result of recently declining mortgage rates. Industrial production, which measures output at U.S. factories, utilities, and mines, fell 0.1% in October. The decline follows increases in August (revised upward to +0.5%) and September (revised upward to +0.4%). Production was weakest in the consumer goods group, which dropped 0.4% and canceled out its September gain. Business inventories grew 0.1% in September, the smallest monthly increase in nearly two years. Total business sales rose 0.4%, and the inventories/sales ratio returned to 1.33 after rising to 1.34 in August--it's now just above its record low. Initial claims for unemployment insurance for the week ended November 11 fell to 326,000 from a revised 346,000 a week earlier, the Labor Department said. The four-week moving average, which smooths out weekly fluctuations, was 322,000, up for the fourth consecutive week. Analysts saw these numbers as further evidence that the U.S. economy is continuing to slow. The only key economic report scheduled for Thanksgiving week is international trade, due on Tuesday. Summary of Major Economic Reports: November 13-17, 2000 |Date Report Actual Expected 10-Year S&P 500 | | Value Value Note Yield Index | |--------------------------------------------------------------------- | |November 13 -3 bp -1.1% | |--------------------------------------------------------------------- | |November 14 | | Retail Sales +0.1% -0.1% -2 bp +2.3% | | (October) | |--------------------------------------------------------------------- | |November 15Business +0.1% +0.3% | | Inventories | | | |--------------------------------------------------------------------- | | Industrial -0.1% +0.3% | | Production | | (October) | |--------------------------------------------------------------------- | | FOMC meeting -4 bp +0.5% | | ends with | | no change | | in short-term | | interest | | rates. | |--------------------------------------------------------------------- | |November 16 | | Initial Jobless 326,000 315,000 | | Claims | | (11/11) | |--------------------------------------------------------------------- | | Consumer +0.2% +0.2% | | Price Index | | (October) | |--------------------------------------------------------------------- | | CPI, except +0.2% +0.2% -4 bp -1.3% | | food and | | energy (October) | |--------------------------------------------------------------------- | |November 17 | | Housing Starts 1.53 1.54 | | (October, million million +3 bp -0.3% | | annualized) | |--------------------------------------------------------------------- | | Weekly -10 bp +0.2% | | Change | bp = basis points. Note: The economic statistics presented in this report are subject to revision by the agencies that issue them. "Standard & Poor's(r)," "S&P(r)," "S&P 500(r)," "Standard & Poor's 500," and "500" are trademarks of The McGraw-Hill Companies, Inc. (c) 2000 Vanguard Marketing Corporation, Distributor - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List Date: 18 Nov 2000 17:34:40 -0500 A total of 219 made the overall list this week, down from 250 last week, and from 251 the week prior. Before that it was 201, 176, and 153. As always, my shorthand is Bx where "B" means base, and "x" is the number of weeks, IMO. DFXI - B4 MAPS - B2 IFIN - B3 FRX - B4 CEFT - B3 PAYX - B4 OCA - B3 FII - B3 EDMC - B3 KP - B6 RYL - B2 PATH - B4 TOL - B2 LUV - B3 ZQK - b/o from 1 week base, approaching pivot FED - B3 ACS - B3 NFS - B3 AZA - B2 ACL - B3 DORL - B3 GBCB - one week handle on the cup HAVN - B3 MHO - B2 AMFH - B2 CORS - b/o from B5 failing TGIC - B4 FTS - B2 ATK - B2 HIG - B3 GPT - B3 PNN - B3 TCB - B3 ING - B2 PDM - long base trending up, small cap, small float, huge vol on Thursday, AMEX EXC - volatile B7 OKE - two week handle on shallow cup MFSF - B5, another small cap KAMNA - three week handle on the cup AIG - B3 SGP - B3+ ICBC - B7 CHDN - B3 KMP - B7 SSP - B4 BWE - B2 MAFB - B3 Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] December leaders Date: 19 Nov 2000 16:30:22 -0600 What do you think? I heard that historically, the groups that emerge as leaders in December are the main leaders of the winter rally. Thanks Kent - ------------------------------------------------------------------------------- From: Robert Subject: [CANSLIM] Acc/dis numbers Date: 19 Nov 2000 20:33:47 -0500 Here are the latest Acc/Dis numbers: Date A B C D E AB/A:E %E 11/1/00 paper missing at library 11/2/00 paper missing at library 11/3/00 836 2404 1263 1088 536 53% 9% 11/6/00 880 2495 1236 1042 484 55% 8% 11/7/00 895 2523 1239 1012 491 55% 8% 11/8/00 917 2502 1247 994 486 56% 8% 11/9/00 922 2509 1231 1008 474 56% 8% 11/10/00 919 2472 1224 1010 494 55% 8% 11/13/00 paper missing at library 11/14/00 845 2326 1241 1097 541 52% 9% 11/15/00 859 2305 1267 1123 575 52% 9% 11/16/00 791 2372 1262 1107 510 52% 8% 11/17/00 818 2364 1258 1077 519 53% 9% 11/20/00 paper missing at library Spread sheet version: Date,A,B,C,D,E,AB/A:E,%E 10/24/00,693,2141,1323,1265,715,46%,12% 10/25/00,692,2162,1321,1271,715,46%,12% 10/26/00,717,2198,1312,1238,692,47%,11% 10/27/00,378,2122,1307,1286,727,43%,12% 10/30/00,669,2100,1325,1295,704,45%,12% 10/31/00,879,2153,1331,1273,673,48%,11% 11/1/00,paper,missing,at,library,,, 11/2/00,paper,missing,at,library,,, 11/3/00,836,2404,1263,1088,536,53%,9% 11/6/00,880,2495,1236,1042,484,55%,8% 11/7/00,895,2523,1239,1012,491,55%,8% 11/8/00,917,2502,1247,994,486,56%,8% 11/9/00,922,2509,1231,1008,474,56%,8% 11/10/00,919,2472,1224,1010,494,55%,8% 11/13/00,paper,missing,at,library,,, 11/14/00,845,2326,1241,1097,541,52%,9% 11/15/00,859,2305,1267,1123,575,52%,9% 11/16/00,791,2372,1262,1107,510,52%,8% 11/17/00,818,2364,1258,1077,519,53%,9% 11/20/00,paper,missing,at,library Robert - ------------------------------------------------------------------------------- From: Harvey Brion Subject: Re: [CANSLIM] Acc/Dis Numbers Date: 21 Nov 2000 14:18:13 -0800 Paraphrasing an earlier posting by Robert on 9 Jul 2000: This is a tool used to judge market health. Columns A through E show the number of stocks on a given date (posted daily in IBD, General Market and Sectors, bottom of DJI chart) having an accumulation rating of A, B, C, D or E. The "meat" is in the last two columns: AB/A:E is the percentage of all stocks having an accumulation rating of A or B. %E is the percentage of stocks with accumulation rating E. In a healthy market, AB/A:E should be over 62%. 75% or more means the market is extended and may be ready for correction. In minor corrections this number will stay above 62%. Intermediate corrections are referenced in Robert's post that have taken this number down to 45%, retracing back up to 62% in about 4 weeks. In a healthy market, %E should be be between 1.5 and 4%. During the referenced intermediate corrections, this number peaked between 8 and 10%, retracing back to 4% in about 4 weeks. By putting the last two columns on a spreadsheet, you may be able to detect trends. > Date: Tue, 14 Nov 2000 17:16:05 -0800 (PST) > From: Quan Tran > Subject: Re: [CANSLIM] Acc/Dis Numbers > > I am new to this list and CANSLIM (still learning). Could someone please > point me to where I can learn to read this table. Or perhaps some legends to > the column names? > > - --- Robert wrote: > > Here are the latest Acc/Dis numbers: > > > > Date A B C D E AB/A:E %E > > 11/3/00 836 2404 1263 1088 536 53% 9% > > 11/6/00 880 2495 1236 1042 484 55% 8% > > 11/7/00 895 2523 1239 1012 471 56% 8% > > 11/8/00 917 2502 1247 994 486 56% 8% > > 11/9/00 922 2509 1231 1008 474 56% 8% > > 11/10/00 919 2472 1224 1010 494 55% 8% > > > > > > Spread sheet version: > > > > Date,A,B,C,D,E,AB/A:E,%E > > > > > > 11/3/00,836,2404,1263,1088,536,53%,9% > > 11/6/00,880,2495,1236,1042,484,55%,8% > > 11/7/00,895,2523,1239,1012,471,56%,8% > > 11/8/00,917,2502,1247,994,486,56%,8% > > 11/9/00,922,2509,1231,1008,474,56%,8% > > 11/10/00,919,2472,1224,1010,494,55%,8% - ------------------------------------------------------------------------------- From: Jerry Sparrow Subject: [CANSLIM] IBD Stock Checkup Date: 21 Nov 2000 20:06:25 -0500 I have been lurking in the wings since last April. I have learned a lot just reading all the many posts. I'm just getting into the IBD paper and website. I really love the IBD Stock Checkup portion of the web page. I have listed several stocks below and am interested in finding out what you think of a "first" effort. FRX 98 97 A A B HDI 94 84 C A B PAYX 98 96 C A A TEVA 87 92 A A B UNH 89 95 A C B ADBE 92 94 A A C CPN 99 94 A A B EMLX 98 98 A A A PWER 97 99 B A C Jerry Sparrow, CPA Corporate Controller Biscuitville Restaurants, Inc. 213 W. River St. Graham, NC 27253 Phone: 336-229-6671 Fax: 336-229-5246 e-mail: sparrowj@netpath.net This message scanned by the FireLAN(tm) virus scanning services. http://www.firelan.net - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Hi! Date: 21 Nov 2000 22:23:30 -0800 Hi! -Jim - ------------------------------------------------------------------------------- From: Rakesh Sanghvi Subject: RE: [CANSLIM] December leaders Date: 22 Nov 2000 17:00:02 -0500 Why does Kent's email keep coming back into my inbox? Is he reposting it? Best Regards, Rocky Sanghvi NovaSoft - Manufacturing Solutions (609) 631-6075 ************************************************************************ ************************************************************************ ************************************************************************ **********************************DISCLAIMER The information in this email is confidential and may be legally privileged. It is intended solely for the addressee. Access to this email by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it, is prohibited and may be unlawful. When addressed to our clients any opinions or advice contained in this email are subject to the terms and conditions expressed in the governing firms client engagement letter. ************************************************************************ ************************************************************************ ************************************************************************ ********************************** -----Original Message----- Sent: Sunday, November 19, 2000 5:30 PM What do you think? I heard that historically, the groups that emerge as leaders in December are the main leaders of the winter rally. Thanks Kent - - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] December leaders Date: 23 Nov 2000 16:18:55 -0600 Hello Rakesh Sorry you are having trouble with your mail. Tom had said he could not get through to me either. Let's try my other address kent_norman@excite.com Sorry for the trouble. Perhaps some day I will find out what causes it. Kent Rakesh Sanghvi wrote: > > Why does Kent's email keep coming back into my inbox? Is he reposting it? > > Best Regards, > > Rocky Sanghvi > NovaSoft - Manufacturing Solutions > (609) 631-6075 > > -----Original Message----- > From: Kent Norman [mailto:gsnake@flash.net] > Sent: Sunday, November 19, 2000 5:30 PM > To: CANSLIM > Subject: [CANSLIM] December leaders > > What do you think? > > I heard that historically, the groups that emerge as leaders in December are > the main leaders of the winter rally. > > Thanks > Kent > > - > > - - ------------------------------------------------------------------------------- From: "can slim" Subject: [CANSLIM] So quite Date: 23 Nov 2000 19:37:37 -0500 Is this list always gets so quite when most of the players loose in the downhill market? _____________________________________________________________________________________ Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] So quite Date: 23 Nov 2000 19:20:46 -0600 Yes it gets this way when things are dull or down. Spring time was like this. Perhaps we should start charting posts to this group. We may be onto something :') Kent can slim wrote: > > Is this list always gets so quite when most of the players loose in the > downhill market? > > _____________________________________________________________________________________ > Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com > > - - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] So quite Date: 23 Nov 2000 19:49:28 -0700 I think the list is very quite when "M" is bad, especially when it's very bad like now. I would imagine this is due to most of the list being either 100% cash, or at most, invested in a few positions. Presently, I have 2 positions of 7 and I'm watching each very closely for sell signs or weakness. One of these positions is a strong position from earlier this summer (KVA) that I'm watching closely and have a hard stop in just in case. The other is a position I gambled on when we were hoping for an FT day a week or so ago (LMRK). It had a really solid chart, great support and a nice breakout. Unfortunately, it looks like I'm bucking "M" with it, so I may end up with a loss on it. In this kind of "M" it makes little sense to buy anything CANSLIM-based, so we are just preparing lists, and waiting for signs that it's time to start investing again. BTW, anyone else see the "best 160 growth stocks" article in IBD this week. I plan to review each one of these to see what fits my criteria and may even put a few extra in my leaders list if they are close. Happy Turkey Day, fellow CANSLIMers!!!!!! At 07:37 PM 11/23/00 -0500, you wrote: >Is this list always gets so quite when most of the players loose in the >downhill market? > > >___________________________________________________________________________ __________ >Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com > > >- > > > - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] So quite Date: 23 Nov 2000 21:24:55 -0600 thanks Earl Good to see there is life on the net. Perhaps you could stir the pot with some of your selections? Regards kent Earl Setser wrote: > > I think the list is very quite when "M" is bad, especially when it's very > bad like now. I would imagine this is due to most of the list being either > 100% cash, or at most, invested in a few positions. Presently, I have 2 > positions of 7 and I'm watching each very closely for sell signs or > weakness. One of these positions is a strong position from earlier this > summer (KVA) that I'm watching closely and have a hard stop in just in > case. The other is a position I gambled on when we were hoping for an FT > day a week or so ago (LMRK). It had a really solid chart, great support > and a nice breakout. Unfortunately, it looks like I'm bucking "M" with it, > so I may end up with a loss on it. > > In this kind of "M" it makes little sense to buy anything CANSLIM-based, so > we are just preparing lists, and waiting for signs that it's time to start > investing again. > > BTW, anyone else see the "best 160 growth stocks" article in IBD this week. > I plan to review each one of these to see what fits my criteria and may > even put a few extra in my leaders list if they are close. > > Happy Turkey Day, fellow CANSLIMers!!!!!! > > At 07:37 PM 11/23/00 -0500, you wrote: > >Is this list always gets so quite when most of the players loose in the > >downhill market? > > > > > >___________________________________________________________________________ > __________ > >Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com > > > > > >- > > > > > > > > - - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] So quite Date: 23 Nov 2000 20:48:11 -0700 I put out my leaders list a few weeks back. Based on M, I update my list without actually entering the data I sort on, so I won't have a new top 100 until it looks likely that we have an FT day coming. I'll try to post it if we see some good chance on the next rally. At 09:24 PM 11/23/00 -0600, you wrote: >thanks Earl >Good to see there is life on the net. Perhaps you could stir the pot with some of your selections? > >Regards >kent > >Earl Setser wrote: >> >> I think the list is very quite when "M" is bad, especially when it's very >> bad like now. I would imagine this is due to most of the list being either >> 100% cash, or at most, invested in a few positions. Presently, I have 2 >> positions of 7 and I'm watching each very closely for sell signs or >> weakness. One of these positions is a strong position from earlier this >> summer (KVA) that I'm watching closely and have a hard stop in just in >> case. The other is a position I gambled on when we were hoping for an FT >> day a week or so ago (LMRK). It had a really solid chart, great support >> and a nice breakout. Unfortunately, it looks like I'm bucking "M" with it, >> so I may end up with a loss on it. >> >> In this kind of "M" it makes little sense to buy anything CANSLIM-based, so >> we are just preparing lists, and waiting for signs that it's time to start >> investing again. >> >> BTW, anyone else see the "best 160 growth stocks" article in IBD this week. >> I plan to review each one of these to see what fits my criteria and may >> even put a few extra in my leaders list if they are close. >> >> Happy Turkey Day, fellow CANSLIMers!!!!!! >> >> At 07:37 PM 11/23/00 -0500, you wrote: >> >Is this list always gets so quite when most of the players loose in the >> >downhill market? >> > >> > >> >___________________________________________________________________________ >> __________ >> >Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com >> > >> > >> >- >> > >> > >> > >> >> - > >- > > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] IBD Stock Checkup Date: 23 Nov 2000 21:03:49 -0700 Well, first of all, personally, I don't look at stocks outside of the A industry groups, so HDI, PAYX, and PWER aren't on my lists right now. Of the others, FRX, TEVA, UNH, ADBE, CPN, and EMLX are all on my leaders list. That means they have the Smart Select ratings worthy of a further look. Looking at DGO, I've added my comments next to yours on the charts as far as near term buying (given some kind of FT day in the next week or so). Overall, I think you've picked some good candidates, but the technicals aren't there to buy any of these in the near term. I just don't see any bases (7 weeks minimum for me) that are likely to be surpassed in the near term. Most of these have either ran up strongly recently or shown quite a bit of weakness (with the market). At 08:06 PM 11/21/00 -0500, you wrote: >I have been lurking in the wings since last April. I have learned a lot >just reading all the many posts. I'm just getting into the IBD paper and >website. I really love the IBD Stock Checkup portion of the web page. I >have listed several stocks below and am interested in finding out what you >think of a "first" effort. > >FRX 98 97 A A B - Stock in a strong uptrend, not buyable now >HDI 94 84 C A B - 2+ month base, but weak lately, has a long way to go >PAYX 98 96 C A A - Stock in a strong uptrend, not buyable now >TEVA 87 92 A A B - 7 or 8 week base, but weak lately >UNH 89 95 A C B - Stock in a strong uptrend, not buyable now >ADBE 92 94 A A C - Failed recent B/O, might look for a double bottom >CPN 99 94 A A B - Starting a base, but very weak lately >EMLX 98 98 A A A - Has a long way to go given the runup in March, very weak right now >PWER 97 99 B A C - 2+ month base, but weak lately, has a long way to go > >Jerry Sparrow, CPA >Corporate Controller >Biscuitville Restaurants, Inc. >213 W. River St. >Graham, NC 27253 >Phone: 336-229-6671 >Fax: 336-229-5246 >e-mail: sparrowj@netpath.net > >This message scanned by the FireLAN(tm) virus scanning services. >http://www.firelan.net > >- > > > - ------------------------------------------------------------------------------- From: Jerry Sparrow Subject: RE: [CANSLIM] IBD Stock Checkup Date: 24 Nov 2000 06:49:32 -0500 Thank you so much for the insight. It will only help to fine tune any ability I'm trying to develop. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Thursday, November 23, 2000 11:04 PM Well, first of all, personally, I don't look at stocks outside of the A industry groups, so HDI, PAYX, and PWER aren't on my lists right now. Of the others, FRX, TEVA, UNH, ADBE, CPN, and EMLX are all on my leaders list. That means they have the Smart Select ratings worthy of a further look. Looking at DGO, I've added my comments next to yours on the charts as far as near term buying (given some kind of FT day in the next week or so). Overall, I think you've picked some good candidates, but the technicals aren't there to buy any of these in the near term. I just don't see any bases (7 weeks minimum for me) that are likely to be surpassed in the near term. Most of these have either ran up strongly recently or shown quite a bit of weakness (with the market). At 08:06 PM 11/21/00 -0500, you wrote: >I have been lurking in the wings since last April. I have learned a lot >just reading all the many posts. I'm just getting into the IBD paper and >website. I really love the IBD Stock Checkup portion of the web page. I >have listed several stocks below and am interested in finding out what you >think of a "first" effort. > >FRX 98 97 A A B - Stock in a strong uptrend, not buyable now >HDI 94 84 C A B - 2+ month base, but weak lately, has a long way to go >PAYX 98 96 C A A - Stock in a strong uptrend, not buyable now >TEVA 87 92 A A B - 7 or 8 week base, but weak lately >UNH 89 95 A C B - Stock in a strong uptrend, not buyable now >ADBE 92 94 A A C - Failed recent B/O, might look for a double bottom >CPN 99 94 A A B - Starting a base, but very weak lately >EMLX 98 98 A A A - Has a long way to go given the runup in March, very weak right now >PWER 97 99 B A C - 2+ month base, but weak lately, has a long way to go > >Jerry Sparrow, CPA >Corporate Controller >Biscuitville Restaurants, Inc. >213 W. River St. >Graham, NC 27253 >Phone: 336-229-6671 >Fax: 336-229-5246 >e-mail: sparrowj@netpath.net > >This message scanned by the FireLAN(tm) virus scanning services. >http://www.firelan.net > >- > > > - This message scanned by the FireLAN(tm) virus scanning services. http://www.firelan.net - ------------------------------------------------------------------------------- From: "can slim" Subject: Re: [CANSLIM] IBD Stock Checkup Date: 24 Nov 2000 12:39:20 -0500 Canslim basis for FT (from investors.com site): Once in a declining phase, the market will always attempt to rally from some level. However, you can't tell on the first or second day of exuberance if it's going to soundly "follow through" and show some real gains. So, as an IBD-wise investor, you don't buy on the first or second day of a rally. You can afford to wait for a second confirmation that the market has really turned and a whole new major uptrend or bull market has begun. A follow-through will occur if the market average rallies a second time, showing overwhelming power by closing up more than 1% with the volume increasing from the prior day. A strong follow-through day usually occurs between the fourth and seventh session of an attempted rally. Sometimes, it can be as late as the 10th or 15th day, but this usually shows the turn is not as powerful. Although every bull market has started with a follow-through, it doesn't guarantee the market will go higher. Some rallies will fail even after a follow-through day. Usually, the market turns lower on increasing volume within a few days. What should I do with my stocks if the market starts heading lower? You should start selling your worst performing stocks. If the market continues to do poorly, consider selling more of your stocks. You may need to sell all your stocks if the market doesn't turn around. If any stock falls 8% below your purchase price, sell it immediately. *************************** >From: Earl Setser >Reply-To: canslim@lists.xmission.com >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] IBD Stock Checkup >Date: Thu, 23 Nov 2000 21:03:49 -0700 > >Well, first of all, personally, I don't look at stocks outside of the A >industry groups, so HDI, PAYX, and PWER aren't on my lists right now. Of >the others, FRX, TEVA, UNH, ADBE, CPN, and EMLX are all on my leaders list. > That means they have the Smart Select ratings worthy of a further look. >Looking at DGO, I've added my comments next to yours on the charts as far >as near term buying (given some kind of FT day in the next week or so). >Overall, I think you've picked some good candidates, but the technicals >aren't there to buy any of these in the near term. I just don't see any >bases (7 weeks minimum for me) that are likely to be surpassed in the near >term. Most of these have either ran up strongly recently or shown quite a >bit of weakness (with the market). > > >At 08:06 PM 11/21/00 -0500, you wrote: > >I have been lurking in the wings since last April. I have learned a lot > >just reading all the many posts. I'm just getting into the IBD paper and > >website. I really love the IBD Stock Checkup portion of the web page. I > >have listed several stocks below and am interested in finding out what >you > >think of a "first" effort. > > > >FRX 98 97 A A B - Stock in a strong uptrend, not buyable now > >HDI 94 84 C A B - 2+ month base, but weak lately, has a long >way to go > >PAYX 98 96 C A A - Stock in a strong uptrend, not buyable now > >TEVA 87 92 A A B - 7 or 8 week base, but weak lately > >UNH 89 95 A C B - Stock in a strong uptrend, not buyable now > >ADBE 92 94 A A C - Failed recent B/O, might look for a double >bottom > >CPN 99 94 A A B - Starting a base, but very weak lately > >EMLX 98 98 A A A - Has a long way to go given the runup in >March, very weak right now > >PWER 97 99 B A C - 2+ month base, but weak lately, has a long >way to go > > > > >Jerry Sparrow, CPA > >Corporate Controller > >Biscuitville Restaurants, Inc. > >213 W. River St. > >Graham, NC 27253 > >Phone: 336-229-6671 > >Fax: 336-229-5246 > >e-mail: sparrowj@netpath.net > > > >This message scanned by the FireLAN(tm) virus scanning services. > >http://www.firelan.net > > > >- > > > > > > > >- > _____________________________________________________________________________________ Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com - ------------------------------------------------------------------------------- From: "John Adair" Subject: RE: [CANSLIM] earnings lst in IBD Date: 24 Nov 2000 12:32:35 -0600 I worked the high earnings list over as a starting point for the next bull run. I have selected the folowing as the most likely to succed: FRX, SEIC, BSYS, IVGN, NBR, KMI, FRNT, GLM. ANY COMMENTS -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Thursday, November 23, 2000 8:49 PM I think the list is very quite when "M" is bad, especially when it's very bad like now. I would imagine this is due to most of the list being either 100% cash, or at most, invested in a few positions. Presently, I have 2 positions of 7 and I'm watching each very closely for sell signs or weakness. One of these positions is a strong position from earlier this summer (KVA) that I'm watching closely and have a hard stop in just in case. The other is a position I gambled on when we were hoping for an FT day a week or so ago (LMRK). It had a really solid chart, great support and a nice breakout. Unfortunately, it looks like I'm bucking "M" with it, so I may end up with a loss on it. In this kind of "M" it makes little sense to buy anything CANSLIM-based, so we are just preparing lists, and waiting for signs that it's time to start investing again. BTW, anyone else see the "best 160 growth stocks" article in IBD this week. I plan to review each one of these to see what fits my criteria and may even put a few extra in my leaders list if they are close. Happy Turkey Day, fellow CANSLIMers!!!!!! At 07:37 PM 11/23/00 -0500, you wrote: >Is this list always gets so quite when most of the players loose in the >downhill market? > > >___________________________________________________________________________ __________ >Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com > > >- > > > - - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] biotech list please Date: 24 Nov 2000 17:10:26 -0600 Would someone please generate a list of biotech stocks at 80 - 80 BBB please? Thanks Kent - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] earnings lst in IBD Date: 24 Nov 2000 21:34:15 -0500 Several have nice current charts showing signs of a decent base. I do note that GLM is in an intermediate term downtrend, RS now 79. It does not look like a potential leader. Its latest earnings were up sharply year to year, prior to that it was flat, then down sharply for the prior two quarters. Perhaps the market knows something? Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Friday, November 24, 2000 1:32 PM I worked the high earnings list over as a starting point for the next bull run. I have selected the folowing as the most likely to succed: FRX, SEIC, BSYS, IVGN, NBR, KMI, FRNT, GLM. ANY COMMENTS -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Thursday, November 23, 2000 8:49 PM I think the list is very quite when "M" is bad, especially when it's very bad like now. I would imagine this is due to most of the list being either 100% cash, or at most, invested in a few positions. Presently, I have 2 positions of 7 and I'm watching each very closely for sell signs or weakness. One of these positions is a strong position from earlier this summer (KVA) that I'm watching closely and have a hard stop in just in case. The other is a position I gambled on when we were hoping for an FT day a week or so ago (LMRK). It had a really solid chart, great support and a nice breakout. Unfortunately, it looks like I'm bucking "M" with it, so I may end up with a loss on it. In this kind of "M" it makes little sense to buy anything CANSLIM-based, so we are just preparing lists, and waiting for signs that it's time to start investing again. BTW, anyone else see the "best 160 growth stocks" article in IBD this week. I plan to review each one of these to see what fits my criteria and may even put a few extra in my leaders list if they are close. Happy Turkey Day, fellow CANSLIMers!!!!!! At 07:37 PM 11/23/00 -0500, you wrote: >Is this list always gets so quite when most of the players loose in the >downhill market? > > >________________________________________________________________ ___________ __________ >Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com > > >- > > > - - - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Vanguard Economic Week in Review: November 20-24, 2000 Date: 25 Nov 2000 10:23:50 -0800 Vanguard Economic Week in Review: November 20-24, 2000 Our Thanksgiving meals are now leftovers. And speaking of leftovers-- the election of our nation's 43rd chief executive is still not finished. Amid the political uncertainty, the stock market couldn't muster much holiday cheer. For the week, the S&P 500 Index slid 1.9% to 1,342, while the technology-heavy Nasdaq Composite Index declined 4.1% to 2,904. The Nasdaq is now 43% off its all-time high, reached on March 10. The yield of the 10-year U.S. Treasury note, which moves in the opposite direction from its price, fell 6 basis points to 5.63% (as of 1:30 p.m. Friday). Spurred by higher oil prices and weaker demand for U.S. goods overseas, the U.S. trade deficit hit a record $34.3 billion in September, the Commerce Department said Tuesday. The deficit is the difference between the values of the nation's imports ($126.6 billion during the month) and its exports ($92.3 billion). Through September, the trade gap is $270.2 billion--43% wider than it was after the first nine months of 1999. In part, the widening reflects the fact that the U.S. economy has been growing faster and pulling in more imported products than foreign economies. Also, the strengthening of the U.S. dollar, especially versus the euro, has made U.S. goods costlier, which crimps exports. There were 336,000 new claims for unemployment benefits during the week ended November 18, according to the Labor Department. The higher-than- expected figure--which resulted in a fifth consecutive rise in the four-week moving average number of new claims, to 331,000--reflects a weaker job market. The number of initial jobless claims filed for the year to date is about 10% higher than during the same period of 1999. A slower job market could ease the Federal Reserve Board's concern that scarce workers and higher wages will push up inflation. The calendar of economic reports due next week is crowded. Economic observers may be particularly interested in the second reading of third-quarter gross domestic product (due Wednesday) and the level of personal income and spending in October (Thursday). Other reports will detail existing-home sales (Monday), consumer confidence and durable- goods orders (both Tuesday), and construction spending and the NAPM Index (both Friday). Summary of Major Economic Reports: November 20-24, 2000 |Date Report Actual Expected 10-Year S&P 500 | | Value Value Note Yield Index | |---------------------------------------------------------------------| |November 20 -3 bp -1.8% | |---------------------------------------------------------------------| |November 21 U.S. Trade -$34.3 -$30.6 No change +0.3% | | Balance (September) billion billion | |---------------------------------------------------------------------| |November 22 Initial Jobless 336,000 320,000 -4 bp -1.9% | | Claims (11/18) | |---------------------------------------------------------------------| |November 23 Thanksgiving | | Day--U.S. | | financial | | markets closed. | |---------------------------------------------------------------------| |November 24 +1 bp +1.5% | |---------------------------------------------------------------------| | Weekly -6 bp -1.9% | | Change | bp = basis points. Note: The economic statistics presented in this report are subject to revision by the agencies that issue them. "Standard & Poor's(r)," "S&P(r)," "S&P 500(r)," "Standard & Poor's 500," and "500" are trademarks of The McGraw-Hill Companies, Inc. (c) 2000 Vanguard Marketing Corporation, Distributor - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: [CANSLIM] Fwd: Web Site Updated Date: 25 Nov 2000 09:26:27 -0800 >Ianforum.com - http://www.ianforum.com > >www.ianforum.com/markets.htm > >The Nasdaq lost another 120 points last week to close well below critical >support. The moving averages are showing no signs of turning up, and the >200 DMA is accelerating to the downside. > >A ray of hope occured Friday when bargain hunters opened the Nasdaq >higher, and did not follow their recent pattern of taking profits in the >afternoon. Additional positives on Friday were the up to down volume of >over 2 to 1 along with advancing issues leading declining issues by the >same margin. The Bulls were in control all day, but the lack of volume >makes the rally suspect. Additionally, the Friday after Thanksgiving is >normally an up day on Wall Street. > >The Nasdaq needs several up days on good volume before this Bear Market >has formed a bottom. Major resistance is at the 3050 area, and the down >trendline will not be broken until the Nasdaq breaks through the 3250 area >on decent volume. There is no question that the market is deeply >oversold, but being oversold does not mean it is going to turn up for a >sustainable rally.. > >The froth which was a huge contributing factor to the blowoff top we saw >last March has been totally removed from the Internet stocks . Take a >look at YHOO, AMZN, EBAY, CMGI, SFE, NBCI, TSCM, or any other stock in the >Internet sector. They were run up way beyond any sense of rational >valuation due to speculation, and hype from analysts who do not have a >clue, yet are paid millions of dollars annually to entice the unwary into >stocks which have no chance of sustaining or justifying their valuations. >This is why it is crucial to do your own analysis using tools like IRL and >QP2, and to act accordingly at the appropriate time. As the old saying >goes, nobody cares about your money as much as you do. > >In the bottom chart, the both Accumulation/Distribution Indicators are >below the 0 line but are showing signs of turning up. The MACD is on a >sell signal, but is trying to bottom. > >I am traveling for the next week, so my updates are limited to the Nasdaq, >Market RS, and Group Strength. > >Have a good week. > >Ron Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Dan Sutton" Subject: RE: [CANSLIM] biotech list please Date: 25 Nov 2000 11:15:52 -0700 I can't vouch for how complete this list is, but using QP2 this morning I found the following stocks with Relative strength greater than 80 and EPS rank greater than 80 listed in the Health-Biomed/Genetics group: ASTM ABGX ARIA CELG IMNX IMMU PCOP SCLN -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman Sent: Friday, November 24, 2000 4:10 PM Would someone please generate a list of biotech stocks at 80 - 80 BBB please? Thanks Kent - - ------------------------------------------------------------------------------- From: Earl Setser Subject: RE: [CANSLIM] biotech list please Date: 25 Nov 2000 11:50:50 -0700 This is interesting in that it's very different from stocks on my list. In fact, not a single stock is common. I took a quick look at DGO to check on these stocks. My comments are in the list beside your recommendation. In general, it looks like the QP2 EPS and RS numbers are based on a different formula than IBD, so the lists are very different. I didn't want to answer (at least not first) since my list is not all-inclusive or necesarrily up-to-date, but here are the stocks in the group that I have been watching that still meet the criteria. I had a total of 7 stocks in my database, but only 3 of these are above 80/80 right now. (The RPS has fallen on 3 of them, and the EPS was 77 on the other.) GENZ - EPS/RPS of 93/94 TECH - EPS/RPS of 97/87 IVGN - EPS/RPS of 80/95 In order to get a full list, it would require going through the full industry group list and checking IBD rankings for each stock (and I have not done this). I don't know of any easier way to do it right now. At 11:15 AM 11/25/00 -0700, you wrote: >I can't vouch for how complete this list is, but using QP2 this morning I >found the following stocks with Relative strength greater than 80 and EPS >rank greater than 80 listed in the Health-Biomed/Genetics group: EPS/RPS added from DGO 11/25 >ASTM - EPS/RPS of 56/36 >ABGX - EPS/RPS of 64/97 >ARIA - EPS/RPS of 50/98 >CELG - EPS/RPS of 54/94 >IMNX - EPS/RPS of 74/70 >IMMU - EPS/RPS of 45/99 >PCOP - EPS/RPS of 78/36 >SCLN - EPS/RPS of 53/40 > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman >Sent: Friday, November 24, 2000 4:10 PM >To: CANSLIM >Subject: [CANSLIM] biotech list please > > >Would someone please generate a list of biotech stocks at 80 - 80 BBB >please? > >Thanks >Kent > >- > > > >- > > > - ------------------------------------------------------------------------------- From: "John Hobbs" Subject: Re: [CANSLIM] biotech list please Date: 25 Nov 2000 14:06:25 -0500 Here's a list up in price > 30 % over the last 30 days. 85 95 A B B SERO 86 99 B B B CRY 93 94 A A B GENZ 80 95 A A A IVGN 97 99 A A B AMRI 95 68 A B B CHIR 97 87 A A B TECH > ASTM > ABGX > ARIA > CELG > IMNX > IMMU > PCOP > SCLN > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman > Sent: Friday, November 24, 2000 4:10 PM > To: CANSLIM > Subject: [CANSLIM] biotech list please > > > Would someone please generate a list of biotech stocks at 80 - 80 BBB > please? > > Thanks > Kent > > - > > > > - > - ------------------------------------------------------------------------------- From: "John Hobbs" Subject: Re: [CANSLIM] biotech list please Date: 25 Nov 2000 14:15:19 -0500 Whoops, except TECH ----- Original Message ----- Sent: Saturday, November 25, 2000 2:06 PM > Here's a list up in price > 30 % over the last 30 days. > > 85 95 A B B > SERO > 86 99 B B B > CRY > 93 94 A A B > GENZ > 80 95 A A A > IVGN > 97 99 A A B > AMRI > 95 68 A B B > CHIR > 97 87 A A B > TECH > > > > ASTM > > ABGX > > ARIA > > CELG > > IMNX > > IMMU > > PCOP > > SCLN > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman > > Sent: Friday, November 24, 2000 4:10 PM > > To: CANSLIM > > Subject: [CANSLIM] biotech list please > > > > > > Would someone please generate a list of biotech stocks at 80 - 80 BBB > > please? > > > > Thanks > > Kent > > > > - > > > > > > > > - > > > > > - > - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] biotech list please Date: 25 Nov 2000 15:19:19 -0600 Thanks to Dan, Earl and John Kent John Hobbs wrote: > > Whoops, except TECH > > ----- Original Message ----- > From: "John Hobbs" > To: > Sent: Saturday, November 25, 2000 2:06 PM > Subject: Re: [CANSLIM] biotech list please > > > Here's a list up in price > 30 % over the last 30 days. > > > > 85 95 A B B > > SERO > > 86 99 B B B > > CRY > > 93 94 A A B > > GENZ > > 80 95 A A A > > IVGN > > 97 99 A A B > > AMRI > > 95 68 A B B > > CHIR > > 97 87 A A B > > TECH > > > > > > > ASTM > > > ABGX > > > ARIA > > > CELG > > > IMNX > > > IMMU > > > PCOP > > > SCLN > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman > > > Sent: Friday, November 24, 2000 4:10 PM > > > To: CANSLIM > > > Subject: [CANSLIM] biotech list please > > > > > > > > > Would someone please generate a list of biotech stocks at 80 - 80 BBB > > > please? > > > > > > Thanks > > > Kent > > > > > > - > > > > > > > > > > > > - > > > > > > > > > - > > > > - - ------------------------------------------------------------------------------- From: Harvey Brion Subject: [CANSLIM] Re: IBD Top Sales & Earnings Lists Date: 25 Nov 2000 14:06:55 -0800 > FWIW, I'm doing a cross check between IBD's 300 top sales companies > (11/14) and 116 top earnings companies (11/21). So far, three > companies appear in the top 50 of each list: > Sym Sales Earnings > SEBL #18 #13 > CHKP #36 #4 > CTSH #49 #29 > Of course, these need to be reviewed further against other investment > criteria. When I'm finished, I'll post results, as well as the two > IBD lists in delimited form. > > >> >> Date: Thu, 23 Nov 2000 19:49:28 -0700 >> From: Earl Setser >> Subject: Re: [CANSLIM] So quite >> >> [snip] >> >> BTW, anyone else see the "best 160 growth stocks" article in IBD >> this week. >> I plan to review each one of these to see what fits my criteria and >> may >> even put a few extra in my leaders list if they are close. >> > - ------------------------------------------------------------------------------- From: "Dan Sutton" Subject: RE: [CANSLIM] biotech list please Date: 25 Nov 2000 16:20:02 -0700 Earl, You are right, there should be more matches even though the data comes from different sources. Since I recently had to reinstall QP2, I thought maybe I hadn't updated some data or filter. I re-downloaded the QP2 data and did a sort for the Biotechs again, and apparently was running old info. After once again validating for current info, the list for Biotechs above an EPS and RS rank of 80 (QP2 data), the list is as follows: ASTM ABGX ARIA AIMM CELG ENZN GENZ IMNX IMMU MAGN ONXX PCOP SCLN SYBB TECH TXB Is this any closer to yours? -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Saturday, November 25, 2000 11:51 AM This is interesting in that it's very different from stocks on my list. In fact, not a single stock is common. I took a quick look at DGO to check on these stocks. My comments are in the list beside your recommendation. In general, it looks like the QP2 EPS and RS numbers are based on a different formula than IBD, so the lists are very different. I didn't want to answer (at least not first) since my list is not all-inclusive or necesarrily up-to-date, but here are the stocks in the group that I have been watching that still meet the criteria. I had a total of 7 stocks in my database, but only 3 of these are above 80/80 right now. (The RPS has fallen on 3 of them, and the EPS was 77 on the other.) GENZ - EPS/RPS of 93/94 TECH - EPS/RPS of 97/87 IVGN - EPS/RPS of 80/95 In order to get a full list, it would require going through the full industry group list and checking IBD rankings for each stock (and I have not done this). I don't know of any easier way to do it right now. At 11:15 AM 11/25/00 -0700, you wrote: >I can't vouch for how complete this list is, but using QP2 this morning I >found the following stocks with Relative strength greater than 80 and EPS >rank greater than 80 listed in the Health-Biomed/Genetics group: EPS/RPS added from DGO 11/25 >ASTM - EPS/RPS of 56/36 >ABGX - EPS/RPS of 64/97 >ARIA - EPS/RPS of 50/98 >CELG - EPS/RPS of 54/94 >IMNX - EPS/RPS of 74/70 >IMMU - EPS/RPS of 45/99 >PCOP - EPS/RPS of 78/36 >SCLN - EPS/RPS of 53/40 > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman >Sent: Friday, November 24, 2000 4:10 PM >To: CANSLIM >Subject: [CANSLIM] biotech list please > > >Would someone please generate a list of biotech stocks at 80 - 80 BBB >please? > >Thanks >Kent > >- > > > >- > > > - - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] cyclical biotechs Date: 25 Nov 2000 17:43:17 -0600 For what its worth, I noticed a 2 month cycle on CELG (since March), and IMMU (since June).... Kent Dan Sutton wrote: > > Earl, > You are right, there should be more matches even though the data comes from > different sources. Since I recently had to reinstall QP2, I thought maybe I > hadn't updated some data or filter. I re-downloaded the QP2 data and did a > sort for the Biotechs again, and apparently was running old info. After once > again validating for current info, the list for Biotechs above an EPS and RS > rank of 80 (QP2 data), the list is as follows: > > ASTM > ABGX > ARIA > AIMM > CELG > ENZN > GENZ > IMNX > IMMU > MAGN > ONXX > PCOP > SCLN > SYBB > TECH > TXB > > Is this any closer to yours? > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser > Sent: Saturday, November 25, 2000 11:51 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] biotech list please > > This is interesting in that it's very different from stocks on my list. In > fact, not a single stock is common. I took a quick look at DGO to check on > these stocks. My comments are in the list beside your recommendation. In > general, it looks like the QP2 EPS and RS numbers are based on a different > formula than IBD, so the lists are very different. > > I didn't want to answer (at least not first) since my list is not > all-inclusive or necesarrily up-to-date, but here are the stocks in the > group that I have been watching that still meet the criteria. I had a > total of 7 stocks in my database, but only 3 of these are above 80/80 right > now. (The RPS has fallen on 3 of them, and the EPS was 77 on the other.) > > GENZ - EPS/RPS of 93/94 > TECH - EPS/RPS of 97/87 > IVGN - EPS/RPS of 80/95 > > In order to get a full list, it would require going through the full > industry group list and checking IBD rankings for each stock (and I have > not done this). I don't know of any easier way to do it right now. > > At 11:15 AM 11/25/00 -0700, you wrote: > >I can't vouch for how complete this list is, but using QP2 this morning I > >found the following stocks with Relative strength greater than 80 and EPS > >rank greater than 80 listed in the Health-Biomed/Genetics group: > > EPS/RPS added from DGO 11/25 > > >ASTM - EPS/RPS of 56/36 > >ABGX - EPS/RPS of 64/97 > >ARIA - EPS/RPS of 50/98 > >CELG - EPS/RPS of 54/94 > >IMNX - EPS/RPS of 74/70 > >IMMU - EPS/RPS of 45/99 > >PCOP - EPS/RPS of 78/36 > >SCLN - EPS/RPS of 53/40 > > > > > >-----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman > >Sent: Friday, November 24, 2000 4:10 PM > >To: CANSLIM > >Subject: [CANSLIM] biotech list please > > > > > >Would someone please generate a list of biotech stocks at 80 - 80 BBB > >please? > > > >Thanks > >Kent > > > >- > > > > > > > >- > > > > > > > > - > > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] biotech list please Date: 26 Nov 2000 11:34:11 -0500 Hi Earl, For those with Daily Graphs Online, the easiest way to get a look at an entire sector, or industry group, is to download the Index to Daily Graphs Books from the Reports button. You can then sort by industry, and if you have Excel you can export and sub-sort by RS, EPS, etc. I have created an Excel spreadsheet for the entire Medical sector (since there are several industry groups that some may consider "biotech") and it is now available (thanks to Jeff's kind assistance) at ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/Med112400.xls I have not sub-sorted any of the groups, I leave that up to anyone interested in biotechs. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message ----- Sent: Saturday, November 25, 2000 1:50 PM This is interesting in that it's very different from stocks on my list. In fact, not a single stock is common. I took a quick look at DGO to check on these stocks. My comments are in the list beside your recommendation. In general, it looks like the QP2 EPS and RS numbers are based on a different formula than IBD, so the lists are very different. I didn't want to answer (at least not first) since my list is not all-inclusive or necesarrily up-to-date, but here are the stocks in the group that I have been watching that still meet the criteria. I had a total of 7 stocks in my database, but only 3 of these are above 80/80 right now. (The RPS has fallen on 3 of them, and the EPS was 77 on the other.) GENZ - EPS/RPS of 93/94 TECH - EPS/RPS of 97/87 IVGN - EPS/RPS of 80/95 In order to get a full list, it would require going through the full industry group list and checking IBD rankings for each stock (and I have not done this). I don't know of any easier way to do it right now. At 11:15 AM 11/25/00 -0700, you wrote: >I can't vouch for how complete this list is, but using QP2 this morning I >found the following stocks with Relative strength greater than 80 and EPS >rank greater than 80 listed in the Health-Biomed/Genetics group: EPS/RPS added from DGO 11/25 >ASTM - EPS/RPS of 56/36 >ABGX - EPS/RPS of 64/97 >ARIA - EPS/RPS of 50/98 >CELG - EPS/RPS of 54/94 >IMNX - EPS/RPS of 74/70 >IMMU - EPS/RPS of 45/99 >PCOP - EPS/RPS of 78/36 >SCLN - EPS/RPS of 53/40 > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman >Sent: Friday, November 24, 2000 4:10 PM >To: CANSLIM >Subject: [CANSLIM] biotech list please > > >Would someone please generate a list of biotech stocks at 80 - 80 BBB >please? > >Thanks >Kent > >- > > > >- > > > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List Date: 26 Nov 2000 12:11:48 -0500 The overall list of stocks in the DG books within or at 5% of their 12 month high during the past week, and with both RS and EPS of 80 or better, dropped slightly to 195. For the prior weeks, it was 219, 250, 251, and 201. As always, Bx is my shorthand for "B"ase where "x" is the number of weeks, IMO. SEIC - B4 MAPS - B3 ASF - beginning the handle on a near perfect cup FRX - B5 CEFT - B3+ EDMC - B4- FII - B4 UCBH - B3 DV - B3+ ACS - B4 DORL - B4 FED - B4 KBH - B3 MHO - B3 BMET - B3 JNY - B3 DHR - B2- ASHW - B3+ PSS - B3+ TGIC - B9 FTS - B3 BYS - B12, small cap PNN - B4 KRC - B5 MNY - B2 MRK - B4 TCB - B4 PNNA - B4, small cap PDM - B7 EOP - B3 HRH - B3 CHDN - B4 SMT - B4 XRAY - B5 KMP - B8 Happy hunting, Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] biotech list please Date: 26 Nov 2000 16:33:00 -0600 Tom Thanks for the spreadsheet. I assigned a 5 for an A, 4 for a B etc. Summed EPS, RS, SMR, ACC, GRS The formulas below could have been written several other ways, but simplicity has it's own beauty. I created the following formulas to assign numeric values for the letter grades. column O (row 5) =IF(Q5="A",5,IF(Q5="B",4,IF(Q5="C",3,IF(Q5="D",2,IF(Q5="E",1,0))))) column P (row 5) =IF(R5="A",5,IF(R5="B",4,IF(R5="C",3,IF(R5="D",2,IF(R5="E",1,0))))) column Q (row 5) - to remove the leading spaces on the letter grade =TRIM(J5) column R (row 5) - to remove the leading spaces on the letter grade =TRIM(K5) "total score" column S (row 5) =H5+I5+L5+O5+P5 Hide Columns C through R Here are the summaries. PDII 305 DGX 304 AMRI 304 LMRK 303 IMPH 302 AMSGA 302 MME 301 ADVP 301 AMSGB 301 TGH 299 DIAN 299 USPH 298 RHB 298 CVTY 297 FRX 296 HMA 294 UHS 293 KG 292 BVF 292 UNH 291 PPDI 291 AZA 290 LNCR 290 WLP 289 ESRX 288 SCOR 288 CI 287 AAS 287 PHCC 287 SERO 287 ELN 286 GENZ 285 SNRZ 285 CAH 284 BDY 284 TARO 282 LPNT 282 TECH 281 MRK 281 ACDO 281 DVA 280 LH 280 SCRI 279 RIT 279 THC 279 CIMA 278 BRL 278 SRDX 278 MRX 276 SGP 276 KVB 276 DKWD 276 KVA 275 IVGN 274 OMI 274 UCOR 274 NOVN 273 ARQL 271 LLY 271 SHPGY 270 SYK 270 TEVA 269 BLPG 269 PFE 268 BMET 268 ICLR 268 QGENF 267 HNT 267 PRHC 267 NASI 267 NEOG 266 CRY 265 CMX 265 RCGI 264 AXCA 263 OPTN 263 RMD 263 SLXP 262 GELX 262 IVX 262 PDCO 261 BCHE 260 CHIR 260 AHP 260 KNDL 260 MNMD 259 ABGX 258 NVO 258 ABSC 258 OXHP 258 HCA 257 MTEC 257 RESP 257 QHGI 256 HRC 256 ICUI 256 AMGN 255 SBH 255 CYH 255 AGN 255 BBC 255 VAR 254 ANPI 253 AZN 252 MDT 252 CYTC 252 VRTX 251 FHRX 251 FLMLY 251 IDYN 251 OCR 251 COO 250 IDBE 249 DNA 249 ICN 249 DP 249 BAX 249 IMNX 248 AVN 248 XRAY 248 FMS 248 CVAS 247 OFIX 247 GLX 246 CHMD 246 SMD 245 ARIA 244 TRIH 244 IVC 244 TGEN 242 IMGN 242 ESCM 242 VYSI 241 XOMA 241 BSTE 241 CELG 240 ANSI 240 ABAX 239 IART 239 TXB 238 PDLI 238 BEV 238 PLMD 238 BMY 237 AVE 237 BEC 237 ADAC 236 IDPH 235 VITL 235 CTIC 234 ABT 234 AVIR 232 HUM 232 MEDI 230 SHR 230 ZOLL 230 NRGN 229 STJ 229 HYBD 228 HCR 228 ARRO 228 MCK 228 BGEN 227 BXM 227 ONXX 227 MYGN 227 MDCC 227 TTP 226 BIOA 226 GNTA 224 ALXN 223 NVS 223 GCOR 222 CLL 222 ENZN 222 JNJ 222 ALO 222 CORR 221 PRCS 221 GDT 221 MEDX 220 STAT 218 BDX 218 CRGN 217 PDGM 216 ALT 215 HH 215 ISV 214 WPI 213 IDXX 213 OSIP 212 ENZ 212 AHG 212 HAE 212 SFC 212 IMCL 210 CEPH 210 SYB 210 GNT 208 AKC 208 BCR 207 PMD 207 CTE 205 RTIX 205 QLTI 204 PLL 204 INHL 201 TOX 200 ALKS 199 INCY 198 QTRN 197 BOL 195 HGSI 194 ISRG 193 MLNM 192 PTN 192 GILD 190 STE 189 ADRX 188 SHM 187 VRA 186 TGX 185 MYL 185 NOX 184 ELI 182 HEB 180 SRA 180 ALI 180 BNT 179 TXM 178 MEW 177 EW 177 BSX 177 CVD 177 TCA 175 LFP 175 DMI 174 IOX 173 UTHR 172 SIE 171 AFFX 170 PHSY 164 ORG 162 PHX 161 COB 158 CRL 156 SEPR 156 KFL 154 QSC 149 CVM 144 CRA 138 EAR 137 BTX 127 IMX 124 ESC 121 CSA 119 ANX 116 GEB 110 CLN 95 Tom Worley wrote: > > Hi Earl, > > For those with Daily Graphs Online, the easiest way to get a look > at an entire sector, or industry group, is to download the Index > to Daily Graphs Books from the Reports button. You can then sort > by industry, and if you have Excel you can export and sub-sort by > RS, EPS, etc. I have created an Excel spreadsheet for the entire > Medical sector (since there are several industry groups that some > may consider "biotech") and it is now available (thanks to Jeff's > kind assistance) at > > ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/Med112400.xls > > I have not sub-sorted any of the groups, I leave that up to > anyone interested in biotechs. > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > ----- Original Message ----- > From: Earl Setser > To: > Sent: Saturday, November 25, 2000 1:50 PM > Subject: RE: [CANSLIM] biotech list please > > This is interesting in that it's very different from stocks on my > list. In > fact, not a single stock is common. I took a quick look at DGO > to check on > these stocks. My comments are in the list beside your > recommendation. In > general, it looks like the QP2 EPS and RS numbers are based on a > different > formula than IBD, so the lists are very different. > > I didn't want to answer (at least not first) since my list is not > all-inclusive or necesarrily up-to-date, but here are the stocks > in the > group that I have been watching that still meet the criteria. I > had a > total of 7 stocks in my database, but only 3 of these are above > 80/80 right > now. (The RPS has fallen on 3 of them, and the EPS was 77 on the > other.) > > GENZ - EPS/RPS of 93/94 > TECH - EPS/RPS of 97/87 > IVGN - EPS/RPS of 80/95 > > In order to get a full list, it would require going through the > full > industry group list and checking IBD rankings for each stock (and > I have > not done this). I don't know of any easier way to do it right > now. > > At 11:15 AM 11/25/00 -0700, you wrote: > >I can't vouch for how complete this list is, but using QP2 this > morning I > >found the following stocks with Relative strength greater than > 80 and EPS > >rank greater than 80 listed in the Health-Biomed/Genetics group: > > EPS/RPS added from DGO 11/25 > > >ASTM - EPS/RPS of 56/36 > >ABGX - EPS/RPS of 64/97 > >ARIA - EPS/RPS of 50/98 > >CELG - EPS/RPS of 54/94 > >IMNX - EPS/RPS of 74/70 > >IMMU - EPS/RPS of 45/99 > >PCOP - EPS/RPS of 78/36 > >SCLN - EPS/RPS of 53/40 > > > > > >-----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent > Norman > >Sent: Friday, November 24, 2000 4:10 PM > >To: CANSLIM > >Subject: [CANSLIM] biotech list please > > > > > >Would someone please generate a list of biotech stocks at 80 - > 80 BBB > >please? > > > >Thanks > >Kent > > > >- > > > > > > > >- > > > > > > > > - > > - - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] biotech list please Date: 26 Nov 2000 18:03:08 -0700 Tom, I only have DGO access from the Investors.com website, so I only get one chart at a time right now. At 11:34 AM 11/26/00 -0500, you wrote: >Hi Earl, > >For those with Daily Graphs Online, the easiest way to get a look >at an entire sector, or industry group, is to download the Index >to Daily Graphs Books from the Reports button. You can then sort >by industry, and if you have Excel you can export and sub-sort by >RS, EPS, etc. I have created an Excel spreadsheet for the entire >Medical sector (since there are several industry groups that some >may consider "biotech") and it is now available (thanks to Jeff's >kind assistance) at > >ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/Med112400.xls > >I have not sub-sorted any of the groups, I leave that up to >anyone interested in biotechs. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Earl Setser >To: >Sent: Saturday, November 25, 2000 1:50 PM >Subject: RE: [CANSLIM] biotech list please > > >This is interesting in that it's very different from stocks on my >list. In >fact, not a single stock is common. I took a quick look at DGO >to check on >these stocks. My comments are in the list beside your >recommendation. In >general, it looks like the QP2 EPS and RS numbers are based on a >different >formula than IBD, so the lists are very different. > >I didn't want to answer (at least not first) since my list is not >all-inclusive or necesarrily up-to-date, but here are the stocks >in the >group that I have been watching that still meet the criteria. I >had a >total of 7 stocks in my database, but only 3 of these are above >80/80 right >now. (The RPS has fallen on 3 of them, and the EPS was 77 on the >other.) > >GENZ - EPS/RPS of 93/94 >TECH - EPS/RPS of 97/87 >IVGN - EPS/RPS of 80/95 > >In order to get a full list, it would require going through the >full >industry group list and checking IBD rankings for each stock (and >I have >not done this). I don't know of any easier way to do it right >now. > > >At 11:15 AM 11/25/00 -0700, you wrote: >>I can't vouch for how complete this list is, but using QP2 this >morning I >>found the following stocks with Relative strength greater than >80 and EPS >>rank greater than 80 listed in the Health-Biomed/Genetics group: > >EPS/RPS added from DGO 11/25 > >>ASTM - EPS/RPS of 56/36 >>ABGX - EPS/RPS of 64/97 >>ARIA - EPS/RPS of 50/98 >>CELG - EPS/RPS of 54/94 >>IMNX - EPS/RPS of 74/70 >>IMMU - EPS/RPS of 45/99 >>PCOP - EPS/RPS of 78/36 >>SCLN - EPS/RPS of 53/40 >> >> >>-----Original Message----- >>From: owner-canslim@lists.xmission.com >>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent >Norman >>Sent: Friday, November 24, 2000 4:10 PM >>To: CANSLIM >>Subject: [CANSLIM] biotech list please >> >> >>Would someone please generate a list of biotech stocks at 80 - >80 BBB >>please? >> >>Thanks >>Kent >> >>- >> >> >> >>- >> >> >> > >- > > > >- > > > - ------------------------------------------------------------------------------- From: Linjun Shen Subject: [CANSLIM] volume Date: 27 Nov 2000 10:57:23 -0600 I am new to the list. Does anyone know which web sites provide real time volume with quotes. - ------------------------------------------------------------------------------- From: Dan Forant Subject: Re: [CANSLIM] volume Date: 27 Nov 2000 19:17:38 -0500 http://www.medved.net/quotetracker/ At 10:57 AM 11/27/00 -0600, you wrote: >I am new to the list. Does anyone know which web sites provide real >time volume with quotes. > - ------------------------------------------------------------------------------- From: Harvey Brion Subject: [CANSLIM] IBD Top Sales and Earnings Lists Cross-check Date: 27 Nov 2000 16:55:22 -0800 Here are results of a cross check between IBD's 300 top sales companies (Nov. 14 IBD) and 116 top earnings companies (Nov. 21). Forty-one companies appeared on both lists. The first number after each symbol below shows a company's position on the earnings list; the second number shows its position on the sales list. Sym, Earn#, Sales# cpn, 2, 53 ahaa, 3, 214 chkp, 4, 36 mcrl, 5, 119 infy, 6, 52 sunw, 8, 272 csco, 10, 111 fds, 11, 222 sebl, 13, 18 altr, 14, 231 anen, 18, 193 jbl, 19, 149 avct, 20, 54 cmvt, 22, 130 sdli, 24, 56 ttec, 28, 83 ctsh, 29, 49 seic, 30, 298 slr, 36, 120 bbox, 37, 180 xlnx, 41, 219 elnt, 44, 156 eagl, 53, 138 orly, 55, 178 pcp, 58, 247 bpfh, 60, 230 fnsr, 70, 40 ucu, 71, 99 belm, 72, 137 bxm, 73, 116 len, 75, 189 psft, 81, 169 avt, 83, 276 esio, 87, 254 ivgn, 91, 74 shpgy, 92, 34 mslv, 99, 17 atml, 104, 279 frnt, 107, 122 twtr, 111, 117 mm, 116, 237 I've not looked at other fundamental criteria or charts (yet). The IBD articles mentioned above give detailed sales and earnings performance. The sales article also designates whether sales are accelerating for each company (y/n), and shows sales stability and after tax profit margin. If anyone would like the complete lists in delimited text or Excel format, drop me an e-mail and specify which format. - ------------------------------------------------------------------------------- From: cunz5860@oakton.edu Subject: [CANSLIM] Lurking Date: 28 Nov 2000 19:48:19 -0000 I am a new member and have been lurking. - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Lurking Date: 28 Nov 2000 15:27:50 -0600 Welcome to the group. Wish you many profits Kent cunz5860@oakton.edu wrote: > > I am a new member and have been lurking. > > - - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] Money moving out of techs Date: 28 Nov 2000 16:43:56 -0600 Per CNBC money has been flowing out of techs and retail and moving into drugs and health care. regards Kent - ------------------------------------------------------------------------------- From: Dan Forant Subject: Re: [CANSLIM] Money moving out of techs Date: 28 Nov 2000 21:07:34 -0500 Really, been there awhile now. Day to day. The techies may be over for awhile. We'll need a rate cut soon. Dan At 04:43 PM 11/28/00 -0600, you wrote: >Per CNBC money has been flowing out of techs and retail and moving into drugs and health care. > >regards >Kent > >- > > - ------------------------------------------------------------------------------- From: Dan Forant Subject: Re: [CANSLIM] Lurking Date: 28 Nov 2000 21:08:48 -0500 That's it? No pearls of wisdom ;-) Dan At 07:48 PM 11/28/00 -0000, you wrote: >I am a new member and have been lurking. > > >- > > - ------------------------------------------------------------------------------- From: "Mike Rhea" Subject: Re: [CANSLIM] Lurking Date: 29 Nov 2000 00:23:32 -0600 Sure, why not pass on some wisdom? Buy low, sell high. Mike > That's it? No pearls of wisdom ;-) > > Dan > > At 07:48 PM 11/28/00 -0000, you wrote: > >I am a new member and have been lurking. > > > > > >- > > > > > > - > > - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Lurking Date: 29 Nov 2000 02:21:57 -0600 how aboout buy high, sell higher Kent Mike Rhea wrote: > > Sure, why not pass on some wisdom? > > Buy low, sell high. > > Mike > > > That's it? No pearls of wisdom ;-) > > > > Dan > > > > At 07:48 PM 11/28/00 -0000, you wrote: > > >I am a new member and have been lurking. > > > > > > > > >- > > > > > > > > > > - > > > > > > - - ------------------------------------------------------------------------------- From: "Hiten J Shah" Subject: [CANSLIM] METASTOCK Date: 29 Nov 2000 20:37:11 -0000 Hi everyone, I was wondering whether any of you use Metastock as your charting software, and if so, how easy/user friendly you find it. Also, what particular uses do you put it to, other than the basic charting, as I understand it does back tests also. Regards. Hiten Shah - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: [CANSLIM] Market Sentiment??? Date: 30 Nov 2000 14:36:41 -0800 Not much to say about the market, but the sentiment indicators are amazing. 55% bullish? Not much room for any real rally to form. -Bill Triffet - ------------------------------------------------------------------------------- From: "Kutney, Stephen" Subject: [CANSLIM] Buys Date: 30 Nov 2000 16:20:34 -0500 In a recent IBD article they talked about placing a buy stop with a limit. This has to do with the idea of buying a stock as it comes out of a base and paying no more than 5% beyond the pivot point. Do any brokers do this? I know that I can't do this on E-Trade using the online menu. Even at that how do you buy on volume without being in the brokers office? Stephen Kutney reply to skutney@aol.com - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Buys Date: 30 Nov 2000 19:48:18 -0700 Fidelity doesn't do this either. At 04:20 PM 11/30/00 -0500, you wrote: >In a recent IBD article they talked about placing a buy stop with a limit. >This has to do with the idea of buying a stock as it comes out of a base and >paying no more than 5% beyond the pivot point. Do any brokers do this? I >know that I can't do this on E-Trade using the online menu. Even at that how >do you buy on volume without being in the brokers office? > >Stephen Kutney >reply to skutney@aol.com > >- > > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Capitulation? Date: 01 Dec 2000 00:40:04 -0500 With 2.7 billion shares trading on Nasdaq today, and over 1.5 billion on NYSE, I am hoping we finally got our blowout selloff capitulation day. Asia, Japan in particular, is fighting the trend and bottom fishing for bargains. My Nov and annual bonuses to my 401K were just credited on Wed, and I already invested part on Thursday's NAV. If this heavy volume proves out, I will quickly move the rest of the cash into my aggressive growth funds. Needless to say, it is way too early (subject to multiple and repetitious recounts) to know if we have yet reached a turning point in this dirty, nasty selloff sparked by earnings warnings, presidential election uncertainties, warnings of continuing inflation dangers by the Feds, and anything else that will spook the investor. Remaining vigilant, time permitting, from the heart of election ballot voting recounting forever, PS: Q: what is the difference between Gore and a puppy? A: after five weeks the puppy opens his eyes and stops whining! Tom Worley stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: Re: [CANSLIM] Buys Date: 30 Nov 2000 22:35:32 -0800 Schwab can do stop limits. You can't have a stop that checks volume. You could sell it in the morning if the volume wasn't enough. Mike ----- Original Message ----- Sent: Thursday, November 30, 2000 1:20 PM In a recent IBD article they talked about placing a buy stop with a limit. This has to do with the idea of buying a stock as it comes out of a base and paying no more than 5% beyond the pivot point. Do any brokers do this? I know that I can't do this on E-Trade using the online menu. Even at that how do you buy on volume without being in the brokers office? Stephen Kutney reply to skutney@aol.com - -