From: "Dan Forant" Subject: [CANSLIM] Katherine's Hot List Date: 01 Sep 2002 06:54:56 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0020_01C25184.7B3810C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Had a PC malfunction recently and lost some data. Anyone have = Katherine's last Hot List ? DanF ------=_NextPart_000_0020_01C25184.7B3810C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Had a PC malfunction recently and lost = some data.=20 Anyone have Katherine's last Hot List ?
 
DanF
------=_NextPart_000_0020_01C25184.7B3810C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Katherine's Hot List Date: 01 Sep 2002 07:00:14 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_002C_01C25185.38DE7B00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Cancel the request, I found it in *History*, isn't Microsoft wonderful = :) DanF ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Sunday, September 01, 2002 6:54 AM Subject: [CANSLIM] Katherine's Hot List Had a PC malfunction recently and lost some data. Anyone have = Katherine's last Hot List ? DanF ------=_NextPart_000_002C_01C25185.38DE7B00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Cancel the request, I found it in = *History*, isn't=20 Microsoft wonderful :)
 
DanF
----- Original Message -----
From:=20 Dan=20 Forant
To: canslim@lists.xmission.com=
Sent: Sunday, September 01, = 2002 6:54=20 AM
Subject: [CANSLIM] Katherine's = Hot=20 List

Had a PC malfunction recently and = lost some data.=20 Anyone have Katherine's last Hot List ?
 
DanF
------=_NextPart_000_002C_01C25185.38DE7B00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO service?? Date: 01 Sep 2002 09:33:35 -0400 anybody able to access? I haven't been able to get in for hours, and no response from CustService Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Rich W" Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 08:51:59 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0019_01C25194.D563EAA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Tom, Maybe this has some to do with it, as I also could not access even on Web site NOTICE: Daily Graphs Online Version 4.0 will not be supported after July 31st and service access will be deactivated after August 31st. For uninterrupted access, please continue to use the new service available through this Web site. Rich Weinhold #1 RAMS FAN Charter PSL holder Seats in Sec 407 ----- Original Message ----- Sent: Sunday, September 01, 2002 8:33 AM anybody able to access? I haven't been able to get in for hours, and no response from CustService Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0019_01C25194.D563EAA0 Content-Type: image/gif; name="px.gif" Content-Transfer-Encoding: base64 Content-Location: http://www.dailygraphs.com/px.gif R0lGODlhAQABAIAAAMDAwAAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw== ------=_NextPart_000_0019_01C25194.D563EAA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: KLall1112@aol.com Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 10:42:12 EDT --part1_1be.cb83ef1.2aa38144_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom: Only the new service with higher charges will be available to the subscribers to the new format. Kris --part1_1be.cb83ef1.2aa38144_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom:

Only the new service with higher charges will be available to the subscribers to the new format.

Kris

 --part1_1be.cb83ef1.2aa38144_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 10:45:49 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0053_01C251A4.BC544180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable members, I have been using the new website service for months now. That = is not my question, I want to know if anyone else is having trouble = getting into the web site. ----- Original Message -----=20 Sent: Sunday, September 01, 2002 10:42 AM Tom: Only the new service with higher charges will be available to the = subscribers to the new format. Kris ------=_NextPart_000_0053_01C251A4.BC544180 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
members, I have been using the new website = service for=20 months now. That is not my question, I want to know if anyone else is = having=20 trouble getting into the web site.
 
----- Original Message -----=20
From: KLall1112@aol.com=20
Sent: Sunday, September 01, 2002 10:42 AM
Subject: Re: [CANSLIM] DGO service??

Tom:

Only the new=20 service with higher charges will be available to the subscribers to the = new=20 format.

Kris

 ------=_NextPart_000_0053_01C251A4.BC544180-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mark Kerson" Subject: RE: [CANSLIM] DGO service?? Date: 01 Sep 2002 11:02:26 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_000C_01C251A7.0EB18B20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I have been unable to get on both the IBD site and the Daily Graphs on Line this morning. Both say my password is not valid. I can pull up the non-members front page on the IBD site, but cannot get into the charts. Mark -----Original Message----- Worley Sent: Sunday, September 01, 2002 10:46 AM members, I have been using the new website service for months now. That is not my question, I want to know if anyone else is having trouble getting into the web site. ----- Original Message ----- Sent: Sunday, September 01, 2002 10:42 AM Tom: Only the new service with higher charges will be available to the subscribers to the new format. Kris ------=_NextPart_000_000C_01C251A7.0EB18B20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I have been unable to get on both the IBD site and the Daily Graphs on = Line this morning.

 

Both say my password is not valid.

 

I can pull up the non-members front page on the IBD site, but cannot get = into the charts.

 

Mark

 

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Sunday, September = 01, 2002 10:46 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = DGO service??

 

members, I have been using the new website service for months now. That is not my question, I want to know = if anyone else is having trouble getting into the web = site.<= /p>

 <= /p>

----- Original Message -----=20

To: canslim@lists.xmission.com =

Sent: Sunday, September 01, 2002 10:42 AM

Subject: Re: [CANSLIM] DGO service??

 <= /p>

Tom:

Only the new service with higher charges will be available to the = subscribers to the new format.

Kris

------=_NextPart_000_000C_01C251A7.0EB18B20-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 11:10:49 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00BF_01C251A8.3A9CDEF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable thanks, Mark, guess it's not just me then. Oh well, so much for getting = the WWW column out early this morning. Sounds like a major service = failure, maybe explains why CustServ hasn't answered my emails, usually = they are much faster about that. ----- Original Message -----=20 Sent: Sunday, September 01, 2002 11:02 AM I have been unable to get on both the IBD site and the Daily Graphs on = Line this morning.=20 =20 Both say my password is not valid. =20 I can pull up the non-members front page on the IBD site, but cannot get = into the charts.=20 =20 Mark =20 -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, September 01, 2002 10:46 AM =20 members, I have been using the new website service for months now. That = is not my question, I want to know if anyone else is having trouble = getting into the web site. =20 ----- Original Message -----=20 Sent: Sunday, September 01, 2002 10:42 AM =20 Tom: Only the new service with higher charges will be available to the = subscribers to the new format. Kris ------=_NextPart_000_00BF_01C251A8.3A9CDEF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
thanks, Mark, guess it's not just me then. Oh = well, so=20 much for getting the WWW column out early this morning. Sounds like a = major=20 service failure, maybe explains why CustServ hasn't answered my emails, = usually=20 they are much faster about that.
 
----- Original Message -----=20
From: Mark = Kerson
Sent: Sunday, September 01, 2002 11:02 AM
Subject: RE: [CANSLIM] DGO service??

I=20 have been unable to get on both the IBD site and the Daily Graphs on = Line this=20 morning.

 

Both say my = password is not=20 valid.

 

I=20 can pull up the non-members front page on the IBD site, but cannot get = into the=20 charts.

 

Mark

 

-----Original=20 Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On=20 Behalf Of Tom Worley
Sent: Sunday, September 01, 2002 = 10:46=20 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] DGO=20 service??

 

members, I = have been=20 using the new website service for months now. That is not my question, I = want to=20 know if anyone else is having trouble getting into the web=20 site.

 

----- = Original Message=20 -----=20

From: KLall1112@aol.com=20

To: canslim@lists.xmission.com= =20

Sent: Sunday, = September 01,=20 2002 10:42 AM

Subject: Re: = [CANSLIM] DGO=20 service??

 

Tom:

Only the=20 new service with higher charges will be available to the subscribers to = the new=20 format.

Kris

------=_NextPart_000_00BF_01C251A8.3A9CDEF0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Alicia Lensing" Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 10:17:35 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0016_01C251A0.CAC4FD80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I am unable to log on to either site: same problem saying that my = password in not valid. I have mailed them, but no response yet. Alicia ----- Original Message -----=20 From: Mark Kerson=20 To: canslim@lists.xmission.com=20 Sent: Sunday, September 01, 2002 10:02 AM Subject: RE: [CANSLIM] DGO service?? I have been unable to get on both the IBD site and the Daily Graphs on = Line this morning.=20 =20 Both say my password is not valid. =20 I can pull up the non-members front page on the IBD site, but cannot = get into the charts.=20 =20 Mark =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, September 01, 2002 10:46 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] DGO service?? =20 members, I have been using the new website service for months now. = That is not my question, I want to know if anyone else is having trouble = getting into the web site. =20 ----- Original Message -----=20 From: KLall1112@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, September 01, 2002 10:42 AM Subject: Re: [CANSLIM] DGO service?? =20 Tom: Only the new service with higher charges will be available to the = subscribers to the new format. Kris ------=_NextPart_000_0016_01C251A0.CAC4FD80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I am unable to = log  on to=20 either site: same problem saying that my password in not valid.  I = have=20 mailed them, but no response yet.
 
Alicia
----- Original Message -----
From:=20 Mark = Kerson=20
To: canslim@lists.xmission.com =
Sent: Sunday, September 01, = 2002 10:02=20 AM
Subject: RE: [CANSLIM] DGO=20 service??

I have been = unable to get=20 on both the IBD site and the Daily Graphs on Line this morning.=20

 

Both say my = password is=20 not valid.

 

I can pull up = the=20 non-members front page on the IBD site, but cannot get into the = charts.=20

 

Mark

 

-----Original=20 Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lis= ts.xmission.com]On Behalf Of Tom = Worley
Sent: Sunday, September 01, = 2002 10:46=20 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] DGO=20 service??

 

members, I = have been=20 using the new website service for months now. That is not my question, = I want=20 to know if anyone else is having trouble getting into the web=20 site.

 

----- = Original=20 Message -----=20

From: KLall1112@aol.com=20

To: canslim@lists.xmission.com=20

Sent: Sunday, = September=20 01, 2002 10:42 AM

Subject: Re: = [CANSLIM] DGO=20 service??

 

Tom:

Only=20 the new service with higher charges will be available to the = subscribers to=20 the new format.

Kris

------=_NextPart_000_0016_01C251A0.CAC4FD80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 10:50:28 -0500 I just logged into investors.com (10:48a.m.CDT); no problem. However, they used to have BIG TIME problems with usernames and passwords not working. I have no idea why tho. Want me to do the WWW for you Tom Norm ----- Original Message ----- Sent: Sunday, September 01, 2002 10:17 AM I am unable to log on to either site: same problem saying that my password in not valid. I have mailed them, but no response yet. Alicia ----- Original Message ----- From: Mark Kerson To: canslim@lists.xmission.com Sent: Sunday, September 01, 2002 10:02 AM Subject: RE: [CANSLIM] DGO service?? I have been unable to get on both the IBD site and the Daily Graphs on Line this morning. Both say my password is not valid. I can pull up the non-members front page on the IBD site, but cannot get into the charts. Mark -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, September 01, 2002 10:46 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] DGO service?? members, I have been using the new website service for months now. That is not my question, I want to know if anyone else is having trouble getting into the web site. ----- Original Message ----- From: KLall1112@aol.com To: canslim@lists.xmission.com Sent: Sunday, September 01, 2002 10:42 AM Subject: Re: [CANSLIM] DGO service?? Tom: Only the new service with higher charges will be available to the subscribers to the new format. Kris - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 11:58:07 -0400 thanks, Norman, but DGO is now back online as well, just logged in guess I am stuck finishing it ----- Original Message ----- Sent: Sunday, September 01, 2002 11:50 AM I just logged into investors.com (10:48a.m.CDT); no problem. However, they used to have BIG TIME problems with usernames and passwords not working. I have no idea why tho. Want me to do the WWW for you Tom Norm ----- Original Message ----- Sent: Sunday, September 01, 2002 10:17 AM I am unable to log on to either site: same problem saying that my password in not valid. I have mailed them, but no response yet. Alicia ----- Original Message ----- From: Mark Kerson To: canslim@lists.xmission.com Sent: Sunday, September 01, 2002 10:02 AM Subject: RE: [CANSLIM] DGO service?? I have been unable to get on both the IBD site and the Daily Graphs on Line this morning. Both say my password is not valid. I can pull up the non-members front page on the IBD site, but cannot get into the charts. Mark -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, September 01, 2002 10:46 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] DGO service?? members, I have been using the new website service for months now. That is not my question, I want to know if anyone else is having trouble getting into the web site. ----- Original Message ----- From: KLall1112@aol.com To: canslim@lists.xmission.com Sent: Sunday, September 01, 2002 10:42 AM Subject: Re: [CANSLIM] DGO service?? Tom: Only the new service with higher charges will be available to the subscribers to the new format. Kris - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] DGO service?? Date: 01 Sep 2002 11:00:41 -0500 Whew! That's a relief, for both of us Norm ----- Original Message ----- Sent: Sunday, September 01, 2002 10:58 AM > thanks, Norman, but DGO is now back online as well, just logged in > > guess I am stuck finishing it > > ----- Original Message ----- > From: "Norman" > To: > Sent: Sunday, September 01, 2002 11:50 AM > Subject: Re: [CANSLIM] DGO service?? > > > I just logged into investors.com (10:48a.m.CDT); no problem. However, they > used to have BIG TIME problems with usernames and passwords not working. I > have no idea why tho. > > Want me to do the WWW for you Tom > > Norm > > ----- Original Message ----- > From: "Alicia Lensing" > To: > Sent: Sunday, September 01, 2002 10:17 AM > Subject: Re: [CANSLIM] DGO service?? > > > I am unable to log on to either site: same problem saying that my password > in not valid. I have mailed them, but no response yet. > > Alicia > ----- Original Message ----- > From: Mark Kerson > To: canslim@lists.xmission.com > Sent: Sunday, September 01, 2002 10:02 AM > Subject: RE: [CANSLIM] DGO service?? > > > I have been unable to get on both the IBD site and the Daily Graphs on > Line this morning. > > > > Both say my password is not valid. > > > > I can pull up the non-members front page on the IBD site, but cannot get > into the charts. > > > > Mark > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Sunday, September 01, 2002 10:46 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] DGO service?? > > > > members, I have been using the new website service for months now. That is > not my question, I want to know if anyone else is having trouble getting > into the web site. > > > > ----- Original Message ----- > > > From: KLall1112@aol.com > > To: canslim@lists.xmission.com > > Sent: Sunday, September 01, 2002 10:42 AM > > Subject: Re: [CANSLIM] DGO service?? > > > > Tom: > > Only the new service with higher charges will be available to the > subscribers to the new format. > > Kris > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview Date: 01 Sep 2002 12:59:04 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_011D_01C251B7.59A0A340 Content-Type: multipart/alternative; boundary="----=_NextPart_001_011E_01C251B7.59A0A340" ------=_NextPart_001_011E_01C251B7.59A0A340 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ECONOMICS Used home sales continued their strength, rising again 4.5% to 5.33 = million units, while new home sales hit another new record, rising 6.7% = to a record 1.017 million unit annual level. New home sales also beat = expectations of a decline. Used home sales were in line with = expectations. Durable Goods Orders also increased sharply and ahead of expectations, = up 8.7% for July. Expectations were a rise of 1.4%. Even without the = volatile transportation portion, the index was still up 3.9%. Automotive = sales were the biggest single positive component. Conference Board's consumer confidence index fell to 93.5 in August from = 97.4, while the Expectations index fell to 94.5 from 96.1. Survey was on = 5,000 households in the first weeks of August. Revised 2nd Qtr GDP remains at 1.1%. New claims for unemployment surged over 400,000 once again, worse than = expected. Meanwhile, the revised reading of Univ. of Michigan's Consumer Sentiment = index for August slipped to 87.6 from 87.9, below expectations of 88. = Current conditions index also declined, while the expectations index = rose slightly. Chicago NAPM index rose nicely in August to 54.9 from 51.5 in July, even = tho the employment component fell. Expectation was for 52. This was the = 7th straight month of expansion. Commerce Dept reports that personal spending in July jumped 1% while = personal income was unchanged. Expectations were for rises of 0.8% and = 0.3% respectively. And Americans were saving 3.4% of their income, down = from 4.2%. ------- "M" August was the first month in five for the S&P500 to close positive, = while the DOW continued its five month decline, and NASDAQ made its = seventh month in a row to the negative. I am still operating on the = assumption that we are in a bull rally (and weakening) within a = continuing bear market. Volume has remained consistently below average = on all major indexes for 4-5 weeks now, and normally would be expected = to return to normal levels starting next week. However, with a number of = important economic reports due out every day next week, and the = anniversary of the 9/11 attack the following week, it will not surprise = me to continue seeing light volume. The Q3 preannouncement season will = be starting soon as well. The decline last week put the NASDAQ back into = a mild oversold condition, with the 10 day average of both up/down = volume and new highs/lows both negative. NYSE continues to look better, = where it remains in an overbought condition, and the 10 day averages of = up/down vol and new hi/low are positive. In both cases, the recent rally = since 7/24 appears to be continuing to weaken. ------- WORLEY'S WATCHLIST WANNABES=20 This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, = as the name implies, only intended to identify some stocks with = constructive chart patterns that may be worth WATCHING and learning from = (and of course doing your own due diligence). I am employed in = Operations by a US Broker Dealer, however everything presented by me is = strictly my own ideas and in no way should be taken to reflect the views = or opinions of my employer. I typically list stocks with both RS and EPS ranking of 80 or better, = and try to exclude stocks undergoing any merger / acquisition / buyout = scenario. I no longer will actively consider earnings forecast for this = year and next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see, such as c&h, double (or triple) bottoms, or flat bases (shown as = Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left = Upper Right) even though it is not exactly a CANSLIM pattern. The population of stocks I am reviewing this weekend remains small, but = stable. Unfortunately, I find very few decent charts to consider. AF - c&h BLUD - B2 BMI - c&h CTSH - channeling EPIQ - possible c&h forming, sold my margin position, still in my VR = fund ERES - poor double bottom GPT - B2 HBHC - LLUR HET - saucer IBKC - B4 NYCB - B3 OCFC - c&h SSNC - long sloppy base, in my VR Fund SWBT - B3 TRBS - B4 on a double bottom TTWO - c&h Happy hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley ------=_NextPart_001_011E_01C251B7.59A0A340 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
ECONOMICS
Used home sales continued their strength, rising = again=20 4.5% to 5.33 million units, while new home sales hit another new record, = rising=20 6.7% to a record 1.017 million unit annual level. New home sales also = beat=20 expectations of a decline. Used home sales were in line with=20 expectations.
 
Durable Goods Orders also increased sharply and = ahead of=20 expectations, up 8.7% for July. Expectations were a rise of 1.4%. Even = without=20 the volatile transportation portion, the index was still up 3.9%. = Automotive=20 sales were the biggest single positive component.
 
Conference Board's consumer confidence index = fell to 93.5=20 in August from 97.4, while the Expectations index fell to 94.5 from = 96.1. Survey=20 was on 5,000 households in the first weeks of August.
 
Revised 2nd Qtr GDP remains at = 1.1%.
 
New claims for unemployment surged over 400,000 = once=20 again, worse than expected.
 
Meanwhile, the revised reading of Univ. of = Michigan's=20 Consumer Sentiment index for August slipped to 87.6 from 87.9, below=20 expectations of 88. Current conditions index also declined, while the=20 expectations index rose slightly.
 
Chicago NAPM index rose nicely in August to 54.9 = from 51.5=20 in July, even tho the employment component fell. Expectation was for 52. = This=20 was the 7th straight month of expansion.
 
Commerce Dept reports that personal spending in = July=20 jumped 1% while personal income was unchanged. Expectations were for = rises of=20 0.8% and 0.3% respectively. And Americans were saving 3.4% of their = income, down=20 from 4.2%.
"M"
August was the first month in five for the S&P500 to close = positive,=20 while the DOW continued its five month decline, and NASDAQ made its = seventh=20 month in a row to the negative. I am still operating on the assumption = that we=20 are in a bull rally (and weakening) within a continuing bear market. = Volume has=20 remained consistently below average on all major indexes for 4-5 weeks = now, and=20 normally would be expected to return to normal levels starting next = week.=20 However, with a number of important economic reports due out every day = next=20 week, and the anniversary of the 9/11 attack the following week, it will = not=20 surprise me to continue seeing light volume. The Q3 preannouncement = season will=20 be starting soon as well. The decline last week put the NASDAQ back into = a mild=20 oversold condition, with the 10 day average of both up/down volume and = new=20 highs/lows both negative.  NYSE continues to look better, where it = remains=20 in an overbought condition, and the 10 day averages of up/down vol and = new=20 hi/low are positive. In both cases, the recent rally since 7/24 appears = to be=20 continuing to weaken.
WORLEY'S WATCHLIST WANNABES=20
This list is in no way intended to recommend any = stocks to=20 the group. It is a part of my regular assessment of the health of = CANSLIM's "M"=20 and, as the name implies, only intended to identify some stocks with=20 constructive chart patterns that may be worth WATCHING and learning from (and of = course doing=20 your own due diligence). I am employed = in=20 Operations by a US Broker Dealer, however everything presented by me is = strictly=20 my own ideas and in no way should be taken to reflect the views or = opinions of=20 my employer.
 
I typically list stocks with both RS and EPS = ranking of 80=20 or better, and try to exclude stocks undergoing any merger / acquisition = /=20 buyout scenario. I no longer will actively = consider earnings=20 forecast for this year and next due the confusing data presented by DGO. = I do no=20 other due diligence, that is your responsibility. I will note any = CANSLIM=20 patterns I see, such as c&h, double (or triple) bottoms, or flat = bases=20 (shown as Bx where "x" is the # of weeks, IMO). I will also note LLUR = (Lower=20 Left Upper Right) even though it is not exactly a CANSLIM = pattern.
 
The population of stocks I am reviewing this = weekend=20 remains small, but stable. Unfortunately, I find very few decent charts = to=20 consider.
 
AF - c&h
BLUD - B2
BMI - c&h
CTSH - channeling
EPIQ - possible c&h forming, sold my margin = position,=20 still in my VR fund
ERES - poor double bottom
GPT - B2
HBHC - LLUR
HET - saucer
IBKC - B4
NYCB - B3
OCFC - c&h
SSNC - long sloppy base, in my VR = Fund
SWBT - B3
TRBS - B4 on a double bottom
TTWO - c&h
 
Happy hunting,
 
3D""
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Off-topic: Tech signal alerts Date: 01 Sep 2002 18:30:15 -0600 cwhcharts.com has a service that monitors cup & handle patterns and notifies you when your criteria are met. Dunno about others, but I am sure they are out there. Warren John Solarno wrote: > There have been numerous mentions here of the use of technical > indicators (I believe I remember Katherine saying something about WON's > advice to buy on fundamentals but sell on technicals.) > > My question is if anyone out there knows of websites which let you set > up alerts based on technical indicators. There are many sites that will > send you an email based on stock price, but I've never seen any that > alert you based on technical indicators (such as moving averages > crossing each other or the MACD crossing each other, for example.) > > There are several software packages that do this, but they all run on > the PC itself and I'm hoping to find one that is server-based, as I > travel a lot and don't always have a computer handy to run a chart > analysis. > > John > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 02 Sep 2002 01:50:28 -0500 > Date: Sun, 25 Aug 2002 15:17:17 -0500 > From: Gene Ricci > > Herman, my email application didn't screw up the format, > what I returned is exactly what I received. No, this is not true at all. You received plain text but returned something else. As I have already told you, your email application inserted spaces - lots of them. Here are just three lines as an example: > 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug > ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF AF > AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII Why not send your messages in plain text? Need help? "Bert Pesak" knows how to do it. He wrote, ---- > From: "Bert Pesak" > Date: Sun, 25 Aug 2002 12:51:19 -0400 > > Gene, > I use Outlook Express for my mail. If you go to the "View" > tab and click on "Text Size" then "Fixed" it will line up the > columns and make more be easier to read. ---- If this is not enough, just ask for help, Bert or someone else will help you. snip > What do you want me to learn from your work? Gene, I am surprised, you completely misunderstood my message. It was meant as a time saving suggestion. But in case you do understand the reasons for dropping stocks from the list I would like to know - it would be educational. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] Time saving (was: Off-topic -- question re: cwhcharts.com) Date: 02 Sep 2002 01:49:43 -0500 > Date: Sat, 31 Aug 2002 08:51:23 -0600 > From: Warren Keuffel snip > My question: is it possible to scan for cwh handle formations > a from watch list that is uploaded to the site? > From: "Tom Worley" > Date: Sat, 31 Aug 2002 10:58:54 -0400 > > and my guess is that it quickly would swamp Mike's site, and he could no > longer offer us this out of his generosity. probably better that we do our > own screening according to our best devices, then punch in the pick of the > litter for another opinion. Now that you said it Mike will become aware of the problem and will ban access to his site. That will be bad especially for you - working 14 hour a day, six times a week - because you could have used his computer to do a rough weekly screening of thousands of issues, then punch into your brain the pick of the litter for another opinion according to your best devices. This way would be much more efficient than the other way around. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 02 Sep 2002 01:50:12 -0500 > Date: Sun, 25 Aug 2002 10:28:20 -0700 (PDT) > From: Fanus > > Hermann > > > Your logic is seriously flawed if you only look at > stocks which appear on the list two weeks in a row. > Have you considered that the stocks which doesn't make > the list might broken out the week before and is over > extended? In an extreme case you will miss ALL the > breakouts from the list and only watch the losers. Fanus, Tom selects "stocks with constructive chart patterns" and he does the "screening according to [his] best devices;" he then posts them as WORLEY'S WATCHLIST WANNABES. After you tell me at what stage stocks show chart patterns that warrant to be put on a watch list I may say more. BTW, Fanus, you send your messages in plain text. That is good, but you have set the word wrap at 55 characters, which is unusually short. There is nothing wrong with this setting for your writing but the format of text you quote (which almost certainly has a longer word wrap) becomes unseemly and more difficult to read. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 02 Sep 2002 01:51:04 -0500 I am surprised by the extend the selections change. Below are the selections since July 13; those marked with an "*" were dropped the following week - the vast majority in every week's list. Tom explains, "I still only look at each chart for about 20-30 seconds. My comments are my impression, strictly an opinion and worth every penny paid for it." The question has been asked what one can learn from this. I don't know, in fact I myself would like to know and I have asked this question some time ago. Those of us who do DD on the result of Tom's "screening according to [his] best devices" can save a lot of time if we check only those selections of the previous week that were not dropped, in the latest case AF, BLUD, EPIQ, HET, IBKC and TTWO. 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug 24Aug 1Sep ACMR* BL* BLUD ALAB* FCN AF AF AF APOL* BLUD CHCO* ANDE* FNBP ANDE* AGII* BLUD ASL* CHCO CTSH APOL* HBEK* APOL* AMSG* BMI FESX* CTSH FCBP* AROW* HRB* BLUD ANDE* CTSH FNLY* DOCC* HBEK* BLUD* NYCB* BRKL BLUD EPIQ IBKC* EPIQ* CTSH* OSTE* CSG* BRKL* ERES INTU* FCN* DCOM* QSII CSTR* CVH* GPT ITLA* HBEK DOCC* SBMC* DCOM DCOM* HBHC LBAI* PGC* DORL* SFNT DOCC* DF* HET OZRK* RLI* FCN TRBS DORL* EPIQ IBKC PGC SCHN* FSTW* FCBP* EWBC* NYCB SCHN UCFC* PORT* FCN FCN* OCFC THO* VIBC* SBMC FNBP* FESX* SSNC VIBC WHI* SSNC* HBHC* FOSL* SWBT ZAP* INVN* GGC* TRBS NWRE* HARB* TTWO PORT* HET QCBC* HRB* QSII* IBKC SBMC ISLE* SFNT* PORT* SSNC* SBMC* TRBS* TTWO TRYF* WFMI* - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 02 Sep 2002 00:54:45 -0700 (PDT) Hermann You have obviously missed the point I am trying to make. I cannot state it any clearer than I had, so I suggest that you reread it. I am sorry if you do not like the formatting of my e-mail. There are many things in life I also do not like and I just live with it. I suggest you do the same. You apparently are the only one having problems with the formatting of people's messages out of all the 100's of members. You do not maybe think the problem is with you instead of with everyone else, but you? You are getting a watch list for free without asking for it and then you criticise it? If you don't like it, how about not using it? No one force you to use it. Why not generate your own list? I have only see you criticising other people's posts (especially Tom's) and haven't seen you contribute anything constructive. I might not know how to format my e-mail to your liking, but I do know how to create a list of blocked e-mail addresses and you just made that list. - Fanus --- Hermann Ertl wrote: > > Date: Sun, 25 Aug 2002 10:28:20 -0700 (PDT) > > From: Fanus > > > > Hermann > > > > > > Your logic is seriously flawed if you only look at > > stocks which appear on the list two weeks in a > row. > > Have you considered that the stocks which doesn't > make > > the list might broken out the week before and is > over > > extended? In an extreme case you will miss ALL the > > breakouts from the list and only watch the losers. > > > > Fanus, Tom selects "stocks with constructive chart > patterns" > and he does the "screening according to [his] best > devices;" > he then posts them as WORLEY'S WATCHLIST WANNABES. > After you > tell me at what stage stocks show chart patterns > that warrant > to be put on a watch list I may say more. > > > BTW, Fanus, you send your messages in plain text. > That is > good, but you have set the word wrap at 55 > characters, which > is unusually short. There is nothing wrong with this > setting > for your writing but the format of text you quote > (which > almost certainly has a longer word wrap) becomes > unseemly and > more difficult to read. > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Time saving (was: Off-topic -- question re: cwhcharts.com) Date: 01 Sep 2002 22:30:33 -1000 Hi Hermann, I'm not sure what you are trying to say here, but I'm not sure I like it. It appears insulting to Tom and that's unnecessary. I believe we will all get greater benefit from showing respect for each other's points of view rather than the combative approach you seem to be taking here. Everyone has their own view on the appropriate order in which to apply screenings based on technicals vs fundamentals. In this market, we are all living in glass houses. Personally I avoid throwing stones. I monitor the activity on my site and I'm a long way from concluding that the activity of this group exceeds the benefit I get from the postings of Tom and others. Oh, and if you find my site useful, and are afraid I might ban access to it, why not subscribe to it? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hermann Ertl Sent: Sunday, September 01, 2002 8:50 PM cwhcharts.com) > Date: Sat, 31 Aug 2002 08:51:23 -0600 > From: Warren Keuffel snip > My question: is it possible to scan for cwh handle formations > a from watch list that is uploaded to the site? > From: "Tom Worley" > Date: Sat, 31 Aug 2002 10:58:54 -0400 > > and my guess is that it quickly would swamp Mike's site, and he could no > longer offer us this out of his generosity. probably better that we do our > own screening according to our best devices, then punch in the pick of the > litter for another opinion. Now that you said it Mike will become aware of the problem and will ban access to his site. That will be bad especially for you - working 14 hour a day, six times a week - because you could have used his computer to do a rough weekly screening of thousands of issues, then punch into your brain the pick of the litter for another opinion according to your best devices. This way would be much more efficient than the other way around. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 02 Sep 2002 09:32:07 -0400 Hermann, I agree with what Fanus and Mike have said about being positive. You seem to be "out to get" Tom. As far as the readability of emails, I find your emails hard to read because you post at the bottom of the message instead of the top. Now *I * am being picky, too! Ann ----- Original Message ----- Sent: Monday, September 02, 2002 2:50 AM : > Date: Sun, 25 Aug 2002 10:28:20 -0700 (PDT) : > From: Fanus : > : > Hermann : > : > : > Your logic is seriously flawed if you only look at : > stocks which appear on the list two weeks in a row. : > Have you considered that the stocks which doesn't make : > the list might broken out the week before and is over : > extended? In an extreme case you will miss ALL the : > breakouts from the list and only watch the losers. : : : : Fanus, Tom selects "stocks with constructive chart patterns" : and he does the "screening according to [his] best devices;" : he then posts them as WORLEY'S WATCHLIST WANNABES. After you : tell me at what stage stocks show chart patterns that warrant : to be put on a watch list I may say more. : : : BTW, Fanus, you send your messages in plain text. That is : good, but you have set the word wrap at 55 characters, which : is unusually short. There is nothing wrong with this setting : for your writing but the format of text you quote (which : almost certainly has a longer word wrap) becomes unseemly and : more difficult to read. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Gene Ricci Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 02 Sep 2002 10:04:55 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00AA_01C25268.2FBF0740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Herman, yes.... I completely misunderstood your original messages, I = thought that you were trying to be helpful. However as you continue to = post, I'm getting a different message. It appears that you have little = of no respect for Tom and I now read your posts as insulting...=20 Why not concentrate on civility and eliminate the rancor in your future = posts...=20 Thanks for listening, Gene ----- Original Message -----=20 From: Hermann Ertl=20 To: canslim@lists.xmission.com=20 Sent: Monday, September 02, 2002 1:50 AM Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving > Date: Sun, 25 Aug 2002 15:17:17 -0500 > From: Gene Ricci > > Herman, my email application didn't screw up the format, > what I returned is exactly what I received.=20 No, this is not true at all. You received plain text but returned something else. As I have already told you, your email application inserted spaces - lots of them. Here are just three lines as an example: > 29Jun 6Jul 13Jul 20Jul 27Jul 3Aug 10Aug 17Aug = 24Aug > ACMR* ALV* ACMR* BL* BLUD ALAB* FCN AF = AF > AMZ AMZ* APOL* BLUD CHCO* ANDE* FNBP ANDE* = AGII Why not send your messages in plain text? Need help? "Bert Pesak" knows how to do it. He wrote, ---- > From: "Bert Pesak" > Date: Sun, 25 Aug 2002 12:51:19 -0400 > > Gene, > I use Outlook Express for my mail. If you go to the "View" > tab and click on "Text Size" then "Fixed" it will line up the > columns and make more be easier to read. ---- If this is not enough, just ask for help, Bert or someone else will help you. snip > What do you want me to learn from your work? Gene, I am surprised, you completely misunderstood my message. It was meant as a time saving suggestion. But in case you do understand the reasons for dropping stocks from the list I would like to know - it would be educational. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00AA_01C25268.2FBF0740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Herman, yes.... I completely = misunderstood=20 your original messages, I thought that you were trying to be = helpful.=20 However as you continue to post, I'm getting a different message. It = appears=20 that you have little of no respect for Tom and I now read your posts as=20 insulting...
 
Why not concentrate on civility and = eliminate=20 the rancor in your future posts...
 
Thanks for listening,
Gene
 
----- Original Message -----
From:=20 Hermann=20 Ertl
Sent: Monday, September 02, = 2002 1:50=20 AM
Subject: Re: [CANSLIM] WORLEY'S = WATCHLIST=20 WANNABES, timesaving

> Date: Sun, 25 Aug 2002 15:17:17 -0500
> = Ricci <genr@swbell.net>
>
>&n= bsp;   =20 Herman, my email application didn't screw up the  format,
> = what I=20 returned is exactly what I received.


No, this is not true = at all.=20 You received plain text but returned
something else. As I have = already told=20 you, your email application
inserted spaces - lots of them. Here = are just=20 three lines as an
example:

> 29Jun  6Jul =20 13Jul     20Jul  = 27Jul    =20 3Aug   10Aug     17Aug  = 24Aug
>=20 ACMR*  ALV*     ACMR*     = BL*    BLUD  =20 ALAB*        FCN   =20 AF     AF
>   =20 AMZ       AMZ* =20 APOL*     BLUD   CHCO* =20 ANDE*     FNBP      = ANDE* =20 AGII

Why not send your messages in plain text? Need help? "Bert = Pesak"
<bpesak@rcn.com> = knows how=20 to do it. He wrote,

----
> From: "Bert Pesak" <bpesak@rcn.com>
> Date: = Sun, 25 Aug=20 2002 12:51:19 -0400
>
> Gene,
> I use Outlook = Express for my=20 mail.  If you go to the "View"
> tab and click on "Text = Size" then=20 "Fixed" it will line up the
> columns and make more be easier to = read.
----

If this is not enough, just ask for help, Bert or = someone=20 else
will help you.


snip
> What do you want me to = learn=20 from your  work?

Gene, I am surprised, you completely=20 misunderstood my message. It
was meant as a time saving suggestion. = But in=20 case you do
understand the reasons for dropping stocks from the = list I=20 would
like to know - it would be=20 educational.






-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.
------=_NextPart_000_00AA_01C25268.2FBF0740-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 02 Sep 2002 09:16:41 -0700 (PDT) If From contains "hertl@attglobal.net" Then Move the message to Trash ===== There are 3 kinds of people in the world. Those who can count and those who can't. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 04:52:25 -0700 Ok, now that I have admitted that I didn't make a huge blunder buying CSTR and CVH on their breakouts. I need advice on how I can improve after loosing a large percentage on these two stocks. I'm unable to be at a computer during the day, so I check the volume and price with TD Waterhouse Phone Trade Direct. My first pick like many was CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my Sell Stop at 8% below my purchase price at $29.90. My stop order was executed at $26.61 after the gap down. I guess I consider myself lucky it didn't execute at $24 what ever because of the price action for the day. My second trade was with CVH. It broke out on August 19th and was able to purchase it at $33.83. The sell stop order was again placed at 8% below at $31.12. My sell stop was executed at $28.75. This is the most difficult time I have had with my orders yet. I have usually been able to get much closer to my stop price. I can't afford to loose and average of 16% or double the CANSLIM method. I have heard that it is unwise to "Tip you hand" by having a stop order out there for the market makers to grab. But if I'm such a small fish out there, then how on earth could my little stop order influence anyone? Is there a trading platform that is better at setting up unattended orders. I've heard of trailing stops etc. but aren't these just ideas or soft stops that you have to watch the intra-day action of the market to take advantage of? I just can't seem to get out of the shoot...I suppose along with everyone else. I understand that Due Diligence might have helped on these two stocks, but who would have ever thought both of these would have gapped over my stop orders like this! I sure would like to know how you buy and sell when you can't glue yourself to a monitor all day long. I hope that the digital cell tower shows up close to where I work so I can at least get price and volume alerts sent to me. I had this before and it worked better than this stop order crapola. (JC) - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 08:23:31 -0400 John, the simplistic answer would be "M", but as someone who is not willing to sit in cash and accept money market returns, I understand continuing to try to find the few winners out there. And the major indexes all showed a higher high to go with the higher lows by 8/15 or so. As was discussed here, the saturation news on CSTR was not something that was predictable. Frankly, I don't know that extreme Due Diligence would have disclosed this as a concern, with so many other companies expanding and opening new outlets. At the time, the stock was not signaling a sell. Your entry appears correct, doesn't help that you did everything pretty much "by the book" and still lost well over your 8% stop. Theoretically, on CVH you could have chosen to sell when it appeared the b/o was failing. That might have gotten you out with a break even or so. But I know when I do that, invariably my sell becomes a market signal to buy, and I watch it run right back up. So it becomes more a case where you are determined not to lose money on a trade that initially worked. "M" is making me more cautious lately, it's why I used hard stops last week, and was already executed on two of three. Both have run back up higher than where I was sold. In both cases I was protecting profits. Unlike my usual behavior I have not bought anything new, altho I have a shopping list ready. Today looks to be ugly, I will be evaluating my prospects during the day. I do have access to the markets during the day, but it is unpredictable. Some days I am so busy that my first look at the market, and my stocks, comes at 6 PM or so. Other days I can at least peek in once or twice during the day. I try to monitor what I own, and if I miss something I want to buy, oh well, there will always be another train leaving the station, I just have to find it. ----- Original Message ----- Sent: Tuesday, September 03, 2002 7:52 AM Ok, now that I have admitted that I didn't make a huge blunder buying CSTR and CVH on their breakouts. I need advice on how I can improve after loosing a large percentage on these two stocks. I'm unable to be at a computer during the day, so I check the volume and price with TD Waterhouse Phone Trade Direct. My first pick like many was CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my Sell Stop at 8% below my purchase price at $29.90. My stop order was executed at $26.61 after the gap down. I guess I consider myself lucky it didn't execute at $24 what ever because of the price action for the day. My second trade was with CVH. It broke out on August 19th and was able to purchase it at $33.83. The sell stop order was again placed at 8% below at $31.12. My sell stop was executed at $28.75. This is the most difficult time I have had with my orders yet. I have usually been able to get much closer to my stop price. I can't afford to loose and average of 16% or double the CANSLIM method. I have heard that it is unwise to "Tip you hand" by having a stop order out there for the market makers to grab. But if I'm such a small fish out there, then how on earth could my little stop order influence anyone? Is there a trading platform that is better at setting up unattended orders. I've heard of trailing stops etc. but aren't these just ideas or soft stops that you have to watch the intra-day action of the market to take advantage of? I just can't seem to get out of the shoot...I suppose along with everyone else. I understand that Due Diligence might have helped on these two stocks, but who would have ever thought both of these would have gapped over my stop orders like this! I sure would like to know how you buy and sell when you can't glue yourself to a monitor all day long. I hope that the digital cell tower shows up close to where I work so I can at least get price and volume alerts sent to me. I had this before and it worked better than this stop order crapola. (JC) - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] sell rules help Date: 03 Sep 2002 07:04:48 -0600 Weinstein doesnt do the letter anymore now he just advises Institutional money managers. He still has an office down in Florida and from what I hear has done pretty good since ending the PTR. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel Sent: Saturday, August 31, 2002 2:19 PM Thanks for mentioning that. I have sent a message to Mark Hulbert to ask if PTR is covered as I could not find it in my latest summary report. Warren "J. Lobatto" wrote: > Stan Weinstein's book has been mentioned favorably here several times. It > should be noted however that his Professional Tape Reader newsletter has/had > (not sure if he still publishes it) a pretty miserable record. This doesn't > mean there's nothing of value in his book, but it makes one wonder why the > guy who wrote it has such a poor long term record. Keep in mind that as far > as I know his is not a real money portfolio, so if you're going to defend > his record by claiming he's a poor trader when his money is on the line, > you've got to find a different defense..... > > Jon > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Saturday, August 31, 2002 11:38 AM > Subject: Re: [CANSLIM] sell rules help > > > I think Weinstein has some good guidance on selling -- he sets trailing > stops > > following the 150dma or trend lines, depending on whether you consider > yourself > > an investor or a trader. > > > > Speaking of which, any thoughts on Weinstein's use of the 150dma, as > opposed to > > the more usual 50 and 200? > > > > Warren > > > > P.S. "Stan Weinstein's Secrets For Profiting in Bull and Bear Markets" is > the > > title of his book. > > > > michael_niemotka@baxter.com wrote: > > > > > Hi all, > > > > > > I know I asked about COCO yesterday, but now as of this morning, I am up > > > 20% , and am thinking hard about selling at least some to lock in that > kind > > > of profit. However, it has grown to this point after only a week, so is > > > that a sign of real strength, and therefore does it need to be held for > at > > > least 8 weeks? > > > > > > Help! > > > > > > Thanks > > > > > > Mike > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... Date: 03 Sep 2002 08:00:00 -0600 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: ftp://ftp.xmission.com/pub/lists/canslim/archive/ 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 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Chuck Dreier" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 10:28:27 -0400 JC, I was also hurt badly with CSTR. It had gapped down 13% in the overnight/early trades and opened down 13%+. Maybe this was an anomaly, but I haven't been monitoring the market after/before hours as well as during the trading day. It, along with several other events, have made me more gun shy than ever. ----- Original Message ----- Sent: Tuesday, September 03, 2002 7:52 AM > Ok, now that I have admitted that I didn't make a huge blunder buying CSTR > and CVH on their breakouts. I need advice on how I can improve after > loosing a large percentage on these two stocks. > > I'm unable to be at a computer during the day, so I check the volume and > price with TD Waterhouse Phone Trade Direct. My first pick like many was > CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my > Sell Stop at 8% below my purchase price at $29.90. My stop order was > executed at $26.61 after the gap down. I guess I consider myself lucky it > didn't execute at $24 what ever because of the price action for the day. My > second trade was with CVH. It broke out on August 19th and was able to > purchase it at $33.83. The sell stop order was again placed at 8% below at > $31.12. My sell stop was executed at $28.75. > > This is the most difficult time I have had with my orders yet. I have > usually been able to get much closer to my stop price. I can't afford to > loose and average of 16% or double the CANSLIM method. I have heard that it > is unwise to "Tip you hand" by having a stop order out there for the market > makers to grab. But if I'm such a small fish out there, then how on earth > could my little stop order influence anyone? Is there a trading platform > that is better at setting up unattended orders. I've heard of trailing > stops etc. but aren't these just ideas or soft stops that you have to watch > the intra-day action of the market to take advantage of? > > I just can't seem to get out of the shoot...I suppose along with everyone > else. I understand that Due Diligence might have helped on these two > stocks, but who would have ever thought both of these would have gapped over > my stop orders like this! > > I sure would like to know how you buy and sell when you can't glue yourself > to a monitor all day long. I hope that the digital cell tower shows up > close to where I work so I can at least get price and volume alerts sent to > me. I had this before and it worked better than this stop order crapola. > > (JC) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] Weinstein & Professional Tape Reader Date: 03 Sep 2002 09:42:38 -0600 Someone on the list recently suggested that we should cast a jaundiced eye on Stan Weinstein's book because of his poor market performance. I wrote to the Hulbert Financial Digest (they track newsletter portfolio performance) and below is what they had to say. It looks like he missed the bull market entirely, which I find surprising considering his emphasis on technical analysis. So, what do you think? Should we toss out Weinstein's ideas because what he writes is not supported by real-world performance? (Katherine -- any comment?) Warren John wrote: > Hello, > > We tracked the Professional Tape reader from July, 1980 through the end of > 1999 which is when they had stopped publishing. During this time he had > gained 1.3% per year versus 17.1% per year for the market. Since we no > longer track it, it does not show up in the ratings any longer. > > John Kimble > Hulbert Financial Digest - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 09:26:45 -0700 John: One thing you might want to revisit is your selection of breakout points for CSTR. As early as APril, CSTR had traded over $34 for a week, on higher volume. It flies in the face of what a breakout point is meant to be (a removal of significant known overhead resistance) to buy a stock just $1.50 below where a lot of shares have changed hands in recent days. IMHO, a break through $35.50, on a large volume increase, on a third attempt would have been much safer, from a historical perspective. Ian ----- Original Message ----- Sent: Tuesday, September 03, 2002 4:52 AM > Ok, now that I have admitted that I didn't make a huge blunder buying CSTR > and CVH on their breakouts. I need advice on how I can improve after > loosing a large percentage on these two stocks. > > I'm unable to be at a computer during the day, so I check the volume and > price with TD Waterhouse Phone Trade Direct. My first pick like many was > CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my > Sell Stop at 8% below my purchase price at $29.90. My stop order was > executed at $26.61 after the gap down. I guess I consider myself lucky it > didn't execute at $24 what ever because of the price action for the day. My > second trade was with CVH. It broke out on August 19th and was able to > purchase it at $33.83. The sell stop order was again placed at 8% below at > $31.12. My sell stop was executed at $28.75. > > This is the most difficult time I have had with my orders yet. I have > usually been able to get much closer to my stop price. I can't afford to > loose and average of 16% or double the CANSLIM method. I have heard that it > is unwise to "Tip you hand" by having a stop order out there for the market > makers to grab. But if I'm such a small fish out there, then how on earth > could my little stop order influence anyone? Is there a trading platform > that is better at setting up unattended orders. I've heard of trailing > stops etc. but aren't these just ideas or soft stops that you have to watch > the intra-day action of the market to take advantage of? > > I just can't seem to get out of the shoot...I suppose along with everyone > else. I understand that Due Diligence might have helped on these two > stocks, but who would have ever thought both of these would have gapped over > my stop orders like this! > > I sure would like to know how you buy and sell when you can't glue yourself > to a monitor all day long. I hope that the digital cell tower shows up > close to where I work so I can at least get price and volume alerts sent to > me. I had this before and it worked better than this stop order crapola. > > (JC) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 09:27:44 -0700 (PDT) --0-1474288965-1031070464=:79617 Content-Type: text/plain; charset=us-ascii Ian: Aren't all cw/h a situation where the right side of cup is higher than left side which means that there is overhead resistance at the price of the right side of cup? Ian wrote:John: One thing you might want to revisit is your selection of breakout points for CSTR. As early as APril, CSTR had traded over $34 for a week, on higher volume. It flies in the face of what a breakout point is meant to be (a removal of significant known overhead resistance) to buy a stock just $1.50 below where a lot of shares have changed hands in recent days. IMHO, a break through $35.50, on a large volume increase, on a third attempt would have been much safer, from a historical perspective. Ian ----- Original Message ----- Sent: Tuesday, September 03, 2002 4:52 AM > Ok, now that I have admitted that I didn't make a huge blunder buying CSTR > and CVH on their breakouts. I need advice on how I can improve after > loosing a large percentage on these two stocks. > > I'm unable to be at a computer during the day, so I check the volume and > price with TD Waterhouse Phone Trade Direct. My first pick like many was > CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my > Sell Stop at 8% below my purchase price at $29.90. My stop order was > executed at $26.61 after the gap down. I guess I consider myself lucky it > didn't execute at $24 what ever because of the price action for the day. My > second trade was with CVH. It broke out on August 19th and was able to > purchase it at $33.83. The sell stop order was again placed at 8% below at > $31.12. My sell stop was executed at $28.75. > > This is the most difficult time I have had with my orders yet. I have > usually been able to get much closer to my stop price. I can't afford to > loose and average of 16% or double the CANSLIM method. I have heard that it > is unwise to "Tip you hand" by having a stop order out there for the market > makers to grab. But if I'm such a small fish out there, then how on earth > could my little stop order influence anyone? Is there a trading platform > that is better at setting up unattended orders. I've heard of trailing > stops etc. but aren't these just ideas or soft stops that you have to watch > the intra-day action of the market to take advantage of? > > I just can't seem to get out of the shoot...I suppose along with everyone > else. I understand that Due Diligence might have helped on these two > stocks, but who would have ever thought both of these would have gapped over > my stop orders like this! > > I sure would like to know how you buy and sell when you can't glue yourself > to a monitor all day long. I hope that the digital cell tower shows up > close to where I work so I can at least get price and volume alerts sent to > me. I had this before and it worked better than this stop order crapola. > > (JC) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes --0-1474288965-1031070464=:79617 Content-Type: text/html; charset=us-ascii

Ian:

Aren't all cw/h a situation where the right side of cup is higher than left side which means that there is overhead resistance at the price of the right side of cup?

 Ian wrote:

John:

One thing you might want to revisit is your selection of breakout points for
CSTR. As early as APril, CSTR had traded over $34 for a week, on higher
volume. It flies in the face of what a breakout point is meant to be (a
removal of significant known overhead resistance) to buy a stock just $1.50
below where a lot of shares have changed hands in recent days.

IMHO, a break through $35.50, on a large volume increase, on a third attempt
would have been much safer, from a historical perspective.

Ian


----- Original Message -----
From: John Calkins
To:
Sent: Tuesday, September 03, 2002 4:52 AM
Subject: [CANSLIM] CSTR CVH Failed breakouts Post Analysis


> Ok, now that I have admitted that I didn't make a huge blunder buying CSTR
> and CVH on their breakouts. I need advice on how I can improve after
> loosing a large percentage on these two stocks.
>
> I'm unable to be at a computer during the day, so I check the volume and
> price with TD Waterhouse Phone Trade Direct. My first pick like many was
> CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my
> Sell Stop at 8% below my purchase price at $29.90. My stop order was
> executed at $26.61 after the gap down. I guess I consider myself lucky it
> didn't execute at $24 what ever because of the price action for the day.
My
> second trade was with CVH. It broke out on August 19th and was able to
> purchase it at $33.83. The sell stop order was again placed at 8% below
at
> $31.12. My sell stop was executed at $28.75.
>
> This is the most difficult time I have had with my orders yet. I have
> usually been able to get much closer to my stop price. I can't afford to
> loose and average of 16% or double the CANSLIM method. I have heard that
it
> is unwise to "Tip you hand" by having a stop order out there for the
market
> makers to grab. But if I'm such a small fish out there, then how on earth
> could my little stop order influence anyone? Is there a trading platform
> that is better at setting up unattended orders. I've heard of trailing
> stops etc. but aren't these just ideas or soft stops that you have to
watch
> the intra-day action of the market to take advantage of?
>
> I just can't seem to get out of the shoot...I suppose along with everyone
> else. I understand that Due Diligence might have helped on these two
> stocks, but who would have ever thought both of these would have gapped
over
> my stop orders like this!
>
> I sure would like to know how you buy and sell when you can't glue
yourself
> to a monitor all day long. I hope that the digital cell tower shows up
> close to where I work so I can at least get price and volume alerts sent
to
> me. I had this before and it worked better than this stop order crapola.
>
> (JC)
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.


Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes --0-1474288965-1031070464=:79617-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 12:59:15 -0500 No one should be wondering why Weinstein's or any other professional's performance is poor relative to what they write or "should" be doing. Human nature is a cruel element in investing. We are often at odds between the logical and emotional aspect of our lives. Investing is one of the most disciplined games around. I often compare investing/trading to professional golf. In both, there is no excuse for poor performance other than you. They are both an above the shoulders game. Your mind can be your worst enemy or your best friend. What separates the top 10 golfers in the world from the rest of the pack? Mental toughness, discipline and being prepared. Truly great investors work just as hard preparing themselves mentally as they do searching for the next big move. Like WON, your investment discipline should be your own. Pulling an idea here, pulling an idea there, creating a methodology that YOU are comfortable with should be everyone's quest on this board. Didn't mean to get heavy here, but if you want good, consistent results, work just as hard on the mental aspect of your investing. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel Sent: Tuesday, September 03, 2002 10:43 AM Someone on the list recently suggested that we should cast a jaundiced eye on Stan Weinstein's book because of his poor market performance. I wrote to the Hulbert Financial Digest (they track newsletter portfolio performance) and below is what they had to say. It looks like he missed the bull market entirely, which I find surprising considering his emphasis on technical analysis. So, what do you think? Should we toss out Weinstein's ideas because what he writes is not supported by real-world performance? (Katherine -- any comment?) Warren John wrote: > Hello, > > We tracked the Professional Tape reader from July, 1980 through the end of > 1999 which is when they had stopped publishing. During this time he had > gained 1.3% per year versus 17.1% per year for the market. Since we no > longer track it, it does not show up in the ratings any longer. > > John Kimble > Hulbert Financial Digest - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 14:05:33 -0400 JC Would you rather be a small fish and lose a small % or lose a large portion of your investment cash. You could have placed a stop limit, but that could have severe consequences also. Actually, you shouldn't be in this market at this point unless your shorting short term. IMHO. DanF ----- Original Message ----- Sent: Tuesday, September 03, 2002 7:52 AM > Ok, now that I have admitted that I didn't make a huge blunder buying CSTR > and CVH on their breakouts. I need advice on how I can improve after > loosing a large percentage on these two stocks. > > I'm unable to be at a computer during the day, so I check the volume and > price with TD Waterhouse Phone Trade Direct. My first pick like many was > CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my > Sell Stop at 8% below my purchase price at $29.90. My stop order was > executed at $26.61 after the gap down. I guess I consider myself lucky it > didn't execute at $24 what ever because of the price action for the day. My > second trade was with CVH. It broke out on August 19th and was able to > purchase it at $33.83. The sell stop order was again placed at 8% below at > $31.12. My sell stop was executed at $28.75. > > This is the most difficult time I have had with my orders yet. I have > usually been able to get much closer to my stop price. I can't afford to > loose and average of 16% or double the CANSLIM method. I have heard that it > is unwise to "Tip you hand" by having a stop order out there for the market > makers to grab. But if I'm such a small fish out there, then how on earth > could my little stop order influence anyone? Is there a trading platform > that is better at setting up unattended orders. I've heard of trailing > stops etc. but aren't these just ideas or soft stops that you have to watch > the intra-day action of the market to take advantage of? > > I just can't seem to get out of the shoot...I suppose along with everyone > else. I understand that Due Diligence might have helped on these two > stocks, but who would have ever thought both of these would have gapped over > my stop orders like this! > > I sure would like to know how you buy and sell when you can't glue yourself > to a monitor all day long. I hope that the digital cell tower shows up > close to where I work so I can at least get price and volume alerts sent to > me. I had this before and it worked better than this stop order crapola. > > (JC) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 09:26:45 -0700 John: One thing you might want to revisit is your selection of breakout points for CSTR. As early as APril, CSTR had traded over $34 for a week, on higher volume. It flies in the face of what a breakout point is meant to be (a removal of significant known overhead resistance) to buy a stock just $1.50 below where a lot of shares have changed hands in recent days. IMHO, a break through $35.50, on a large volume increase, on a third attempt would have been much safer, from a historical perspective. Ian ----- Original Message ----- Sent: Tuesday, September 03, 2002 4:52 AM > Ok, now that I have admitted that I didn't make a huge blunder buying CSTR > and CVH on their breakouts. I need advice on how I can improve after > loosing a large percentage on these two stocks. > > I'm unable to be at a computer during the day, so I check the volume and > price with TD Waterhouse Phone Trade Direct. My first pick like many was > CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my > Sell Stop at 8% below my purchase price at $29.90. My stop order was > executed at $26.61 after the gap down. I guess I consider myself lucky it > didn't execute at $24 what ever because of the price action for the day. My > second trade was with CVH. It broke out on August 19th and was able to > purchase it at $33.83. The sell stop order was again placed at 8% below at > $31.12. My sell stop was executed at $28.75. > > This is the most difficult time I have had with my orders yet. I have > usually been able to get much closer to my stop price. I can't afford to > loose and average of 16% or double the CANSLIM method. I have heard that it > is unwise to "Tip you hand" by having a stop order out there for the market > makers to grab. But if I'm such a small fish out there, then how on earth > could my little stop order influence anyone? Is there a trading platform > that is better at setting up unattended orders. I've heard of trailing > stops etc. but aren't these just ideas or soft stops that you have to watch > the intra-day action of the market to take advantage of? > > I just can't seem to get out of the shoot...I suppose along with everyone > else. I understand that Due Diligence might have helped on these two > stocks, but who would have ever thought both of these would have gapped over > my stop orders like this! > > I sure would like to know how you buy and sell when you can't glue yourself > to a monitor all day long. I hope that the digital cell tower shows up > close to where I work so I can at least get price and volume alerts sent to > me. I had this before and it worked better than this stop order crapola. > > (JC) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 13:37:39 -0500 John, Regardless of all this expert advice, and the system one uses, it is never easy to make money in the stock market. It is usally easier to lose money. david ----- Original e money. davidMessage ----- Sent: Tuesday, September 03, 2002 6:52 AM > Ok, now that I have admitted that I didn't make a huge blunder buying CSTR > and CVH on their breakouts. I need advice on how I can improve after > loosing a large percentage on these two stocks. > > I'm unable to be at a computer during the day, so I check the volume and > price with TD Waterhouse Phone Trade Direct. My first pick like many was > CSTR. On August 15th it brokeout and I purchased it at $32.50. I set my > Sell Stop at 8% below my purchase price at $29.90. My stop order was > executed at $26.61 after the gap down. I guess I consider myself lucky it > didn't execute at $24 what ever because of the price action for the day. My > second trade was with CVH. It broke out on August 19th and was able to > purchase it at $33.83. The sell stop order was again placed at 8% below at > $31.12. My sell stop was executed at $28.75. > > This is the most difficult time I have had with my orders yet. I have > usually been able to get much closer to my stop price. I can't afford to > loose and average of 16% or double the CANSLIM method. I have heard that it > is unwise to "Tip you hand" by having a stop order out there for the market > makers to grab. But if I'm such a small fish out there, then how on earth > could my little stop order influence anyone? Is there a trading platform > that is better at setting up unattended orders. I've heard of trailing > stops etc. but aren't these just ideas or soft stops that you have to watch > the intra-day action of the market to take advantage of? > > I just can't seem to get out of the shoot...I suppose along with everyone > else. I understand that Due Diligence might have helped on these two > stocks, but who would have ever thought both of these would have gapped over > my stop orders like this! > > I sure would like to know how you buy and sell when you can't glue yourself > to a monitor all day long. I hope that the digital cell tower shows up > close to where I work so I can at least get price and volume alerts sent to > me. I had this before and it worked better than this stop order crapola. > > (JC) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 13:51:07 -0500 I believe, Stan Weinstein had all of these attributes. He wrote a stockmarket book classic. He was a stockmarket master. His record speaks for iitself. I remember subscribing to his newsletter in the early 80's. along with Martin Zweig's. Had a picture of himself at his swimming pool. Record wasn't very good. david ----- Original Message ----- Sent: Tuesday, September 03, 2002 12:59 PM > > No one should be wondering why Weinstein's or any other professional's > performance is poor relative to what they write or "should" be doing. > Human nature is a cruel element in investing. We are often at odds > between the logical and emotional aspect of our lives. Investing is one > of the most disciplined games around. I often compare investing/trading > to professional golf. In both, there is no excuse for poor performance > other than you. They are both an above the shoulders game. Your mind > can be your worst enemy or your best friend. What separates the top 10 > golfers in the world from the rest of the pack? Mental toughness, > discipline and being prepared. Truly great investors work just as hard > preparing themselves mentally as they do searching for the next big > move. Like WON, your investment discipline should be your own. Pulling > an idea here, pulling an idea there, creating a methodology that YOU are > comfortable with should be everyone's quest on this board. Didn't mean > to get heavy here, but if you want good, consistent results, work just > as hard on the mental aspect of your investing. > > Ed Gjertsen II > ed@macktracks.com > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel > Sent: Tuesday, September 03, 2002 10:43 AM > To: CANSLIM list > Subject: [CANSLIM] Weinstein & Professional Tape Reader > > Someone on the list recently suggested that we should cast a jaundiced > eye on > Stan Weinstein's book because of his poor market performance. I wrote to > the > Hulbert Financial Digest (they track newsletter portfolio performance) > and > below is what they had to say. It looks like he missed the bull market > entirely, which I find surprising considering his emphasis on technical > analysis. > > So, what do you think? Should we toss out Weinstein's ideas because what > he > writes is not supported by real-world performance? (Katherine -- any > comment?) > > Warren > > John wrote: > > > Hello, > > > > We tracked the Professional Tape reader from July, 1980 through the > end of > > 1999 which is when they had stopped publishing. During this time he > had > > gained 1.3% per year versus 17.1% per year for the market. Since we no > > longer track it, it does not show up in the ratings any longer. > > > > John Kimble > > Hulbert Financial Digest > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 12:04:41 -0700 (PDT) --0-1992134939-1031079881=:1329 Content-Type: text/plain; charset=us-ascii I remember reading about a certain "guru" who was all hype and he made his living selling his book and newsletter david frank wrote:I believe, Stan Weinstein had all of these attributes. He wrote a stockmarket book classic. He was a stockmarket master. His record speaks for iitself. I remember subscribing to his newsletter in the early 80's. along with Martin Zweig's. Had a picture of himself at his swimming pool. Record wasn't very good. david ----- Original Message ----- Sent: Tuesday, September 03, 2002 12:59 PM > > No one should be wondering why Weinstein's or any other professional's > performance is poor relative to what they write or "should" be doing. > Human nature is a cruel element in investing. We are often at odds > between the logical and emotional aspect of our lives. Investing is one > of the most disciplined games around. I often compare investing/trading > to professional golf. In both, there is no excuse for poor performance > other than you. They are both an above the shoulders game. Your mind > can be your worst enemy or your best friend. What separates the top 10 > golfers in the world from the rest of the pack? Mental toughness, > discipline and being prepared. Truly great investors work just as hard > preparing themselves mentally as they do searching for the next big > move. Like WON, your investment discipline should be your own. Pulling > an idea here, pulling an idea there, creating a methodology that YOU are > comfortable with should be everyone's quest on this board. Didn't mean > to get heavy here, but if you want good, consistent results, work just > as hard on the mental aspect of your investing. > > Ed Gjertsen II > ed@macktracks.com > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel > Sent: Tuesday, September 03, 2002 10:43 AM > To: CANSLIM list > Subject: [CANSLIM] Weinstein & Professional Tape Reader > > Someone on the list recently suggested that we should cast a jaundiced > eye on > Stan Weinstein's book because of his poor market performance. I wrote to > the > Hulbert Financial Digest (they track newsletter portfolio performance) > and > below is what they had to say. It looks like he missed the bull market > entirely, which I find surprising considering his emphasis on technical > analysis. > > So, what do you think? Should we toss out Weinstein's ideas because what > he > writes is not supported by real-world performance? (Katherine -- any > comment?) > > Warren > > John wrote: > > > Hello, > > > > We tracked the Professional Tape reader from July, 1980 through the > end of > > 1999 which is when they had stopped publishing. During this time he > had > > gained 1.3% per year versus 17.1% per year for the market. Since we no > > longer track it, it does not show up in the ratings any longer. > > > > John Kimble > > Hulbert Financial Digest > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes --0-1992134939-1031079881=:1329 Content-Type: text/html; charset=us-ascii

I remember reading about a certain "guru" who was all hype and he made his living selling his book and newsletter

 david frank wrote:

I believe, Stan Weinstein had all of these attributes. He wrote a
stockmarket book classic. He was a stockmarket master. His record speaks for
iitself. I remember subscribing to his newsletter in the early 80's. along
with Martin Zweig's. Had a picture of himself at his swimming pool. Record
wasn't very good. david
----- Original Message -----
From: "Edward W. Gjertsen II"
To:
Sent: Tuesday, September 03, 2002 12:59 PM
Subject: RE: [CANSLIM] Why Professionals go astray


>
> No one should be wondering why Weinstein's or any other professional's
> performance is poor relative to what they write or "should" be doing.
> Human nature is a cruel element in investing. We are often at odds
> between the logical and emotional aspect of our lives. Investing is one
> of the most disciplined games around. I often compare investing/trading
> to professional golf. In both, there is no excuse for poor performance
> other than you. They are both an above the shoulders game. Your mind
> can be your worst enemy or your best friend. What separates the top 10
> golfers in the world from the rest of the pack? Mental toughness,
> discipline and being prepared. Truly great investors work just as hard
> preparing themselves mentally as they do searching for the next big
> move. Like WON, your investment discipline should be your own. Pulling
> an idea here, pulling an idea there, creating a methodology that YOU are
> comfortable with should be everyone's quest on this board. Didn't mean
> to get heavy here, but if you want good, consistent results, work just
> as hard on the mental aspect of your investing.
>
> Ed Gjertsen II
> ed@macktracks.com
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel
> Sent: Tuesday, September 03, 2002 10:43 AM
> To: CANSLIM list
> Subject: [CANSLIM] Weinstein & Professional Tape Reader
>
> Someone on the list recently suggested that we should cast a jaundiced
> eye on
> Stan Weinstein's book because of his poor market performance. I wrote to
> the
> Hulbert Financial Digest (they track newsletter portfolio performance)
> and
> below is what they had to say. It looks like he missed the bull market
> entirely, which I find surprising considering his emphasis on technical
> analysis.
>
> So, what do you think? Should we toss out Weinstein's ideas because what
> he
> writes is not supported by real-world performance? (Katherine -- any
> comment?)
>
> Warren
>
> John wrote:
>
> > Hello,
> >
> > We tracked the Professional Tape reader from July, 1980 through the
> end of
> > 1999 which is when they had stopped publishing. During this time he
> had
> > gained 1.3% per year versus 17.1% per year for the market. Since we no
> > longer track it, it does not show up in the ratings any longer.
> >
> > John Kimble
> > Hulbert Financial Digest
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.


Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes --0-1992134939-1031079881=:1329-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 15:18:20 EDT --part1_12a.16ba3b61.2aa664fc_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit But enough about George Gilder ;0) > I remember reading about a certain "guru" who was all hype and he made his > living selling his book and newsletter Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com --part1_12a.16ba3b61.2aa664fc_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit But enough about George Gilder ;0)


I remember reading about a certain "guru" who was all hype and he made his living selling his book and newsletter



Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com --part1_12a.16ba3b61.2aa664fc_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 14:25:05 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_000E_01C25355.B2ED0AC0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit At the very least, WON has managed to not only make money in the market but also to hang onto a lot of it despite the costs of the Investor's Business Daily and the Investor.com website. Does that make him a "guru," "lucky," a businessman or maybe a combination of all three? -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of RWElmer@aol.com Sent: Tuesday, September 03, 2002 2:18 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Why Professionals go astray But enough about George Gilder ;0) I remember reading about a certain "guru" who was all hype and he made his living selling his book and newsletter Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com ------=_NextPart_000_000E_01C25355.B2ED0AC0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
At the=20 very least, WON has managed to not only make money in the market but = also to=20 hang onto a lot of it despite the costs of the Investor's Business Daily = and the=20 Investor.com website.
 
Does=20 that make him a "guru," "lucky," a businessman or maybe a combination of = all=20 three?
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 RWElmer@aol.com
Sent: Tuesday, September 03, 2002 2:18=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Why Professionals go astray

But enough about George Gilder = ;0)=20


I remember reading about a certain "guru" who was all = hype and=20 he made his living selling his book and newsletter



Robert W. = Elmer=20
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA = 96002
RWElmer@aol.com
221-9556 = or=20 1-800-348-7939 ext.156
www.robertelmer.com=20 ------=_NextPart_000_000E_01C25355.B2ED0AC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Weinstein & Professional Tape Reader Date: 03 Sep 2002 14:32:49 -0500 Hi Warren, I can't speak for Weinstein's newsletter performance because I've never seen the newsletter itself. What I *can* speak for, however, is the value of learning basic technical patterns, entry/exit and simple long and short techniques as they are written in his book. I first learned of this book in early 2000. After reading it, I saw technical patterns in an entirely new light, even after having spent so many years "using" technicals per WON's guidelines. Gary Kaltbaum of TradingMarkets.com has always attributed much of his success to WON and Weinstein, because it was from them he learned to develop his edge. I don't think the issue with Weinstein was ever "here's a 'system' that I am going to follow exclusively." If nothing else, notice that Weinstein never once mentions fundamentals in his book. That's decidedly not a CANSLIM approach. I think if anybody were to boil down CANSLIM (or their own version of it) to its simplest form, it's about remaining faithful to a set of disciplined rules. As Ed G. says, the trouble with most people is they forget that trading is 85% between your ears. I see most people fail when they flit from one method to another, when they "talk themselves" out of following a rule, when they don't understand the rules, when they don't have a game plan going into each trade, and/or when they refuse to recognize that investing in equities is a risky business where each trade has odds. The key is selecting an investing style where one is comfortable with the risk/reward tradeoff and then developing a true MASTERY of that style. Mastery comes through knowledge, focus, practice, simplicity, preparation and patience... that is.... --build your Knowledge base so that you understand all aspects of the trading style --Focus on the right things at the right time --Practice all the rules without hesitation --keep things Simple and do not add complexity where it isn't necessary --Prepare each and every day so that you are ready when opportunity presents itself --be Patient and let the trade come to *you.* Pick your favorite master...Buffett, Sir John Templeton, Peter Lynch, WON, Tiger Woods..whomever it is, their style may be unique, but their Mastery skills and consistent track records speak for themselves. Katherine ----- Original Message ----- Sent: Tuesday, September 03, 2002 10:42 AM | Someone on the list recently suggested that we should cast a jaundiced eye on | Stan Weinstein's book because of his poor market performance. I wrote to the | Hulbert Financial Digest (they track newsletter portfolio performance) and | below is what they had to say. It looks like he missed the bull market | entirely, which I find surprising considering his emphasis on technical | analysis. | | So, what do you think? Should we toss out Weinstein's ideas because what he | writes is not supported by real-world performance? (Katherine -- any comment?) | | Warren | | John wrote: | | > Hello, | > | > We tracked the Professional Tape reader from July, 1980 through the end of | > 1999 which is when they had stopped publishing. During this time he had | > gained 1.3% per year versus 17.1% per year for the market. Since we no | > longer track it, it does not show up in the ratings any longer. | > | > John Kimble | > Hulbert Financial Digest | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 15:31:37 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00F9_01C2535E.FE256510 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Great call on Gilder Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of RWElmer@aol.com Sent: Tuesday, September 03, 2002 2:18 PM But enough about George Gilder ;0) I remember reading about a certain "guru" who was all hype and he made his living selling his book and newsletter Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com ------=_NextPart_000_00F9_01C2535E.FE256510 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Great call on Gilder =

 

Ed Gjertsen = II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of RWElmer@aol.com
Sent: Tuesday, September = 03, 2002 2:18 PM
To: canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = Why Professionals go astray

 

But enough about George = Gilder ;0)



I remember reading about a = certain "guru" who was all hype and he made his living selling his = book and newsletter




Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
= 221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com

------=_NextPart_000_00F9_01C2535E.FE256510-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 15:04:15 -0600 Ed & Katherine, Would you prefer to take golf lessons from Tiger Woods or from Joe Blow, the local public course pro? Let's assume for the moment that both guys are equally good as teachers. Wouldn't you then agree that Tiger Woods has more credibility than Joe Blow? Yes, I totally agree that one should develop & follow their own path. One of the reasons we listen to WON so much is that he has, over the years, been quite successful. It appears that Weinstein has not. Given all that, it may also be true that Weinstein is a better teacher than investor. Fine. But let's be aware that he doesn't walk the talk, or at least if he does, he stumbles quite a bit. Warren "Edward W. Gjertsen II" wrote: > No one should be wondering why Weinstein's or any other professional's > performance is poor relative to what they write or "should" be doing. > Human nature is a cruel element in investing. We are often at odds > between the logical and emotional aspect of our lives. Investing is one > of the most disciplined games around. I often compare investing/trading > to professional golf. In both, there is no excuse for poor performance > other than you. They are both an above the shoulders game. Your mind > can be your worst enemy or your best friend. What separates the top 10 > golfers in the world from the rest of the pack? Mental toughness, > discipline and being prepared. Truly great investors work just as hard > preparing themselves mentally as they do searching for the next big > move. Like WON, your investment discipline should be your own. Pulling > an idea here, pulling an idea there, creating a methodology that YOU are > comfortable with should be everyone's quest on this board. Didn't mean > to get heavy here, but if you want good, consistent results, work just > as hard on the mental aspect of your investing. > > Ed Gjertsen II > ed@macktracks.com > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel > Sent: Tuesday, September 03, 2002 10:43 AM > To: CANSLIM list > Subject: [CANSLIM] Weinstein & Professional Tape Reader > > Someone on the list recently suggested that we should cast a jaundiced > eye on > Stan Weinstein's book because of his poor market performance. I wrote to > the > Hulbert Financial Digest (they track newsletter portfolio performance) > and > below is what they had to say. It looks like he missed the bull market > entirely, which I find surprising considering his emphasis on technical > analysis. > > So, what do you think? Should we toss out Weinstein's ideas because what > he > writes is not supported by real-world performance? (Katherine -- any > comment?) > > Warren > > John wrote: > > > Hello, > > > > We tracked the Professional Tape reader from July, 1980 through the > end of > > 1999 which is when they had stopped publishing. During this time he > had > > gained 1.3% per year versus 17.1% per year for the market. Since we no > > longer track it, it does not show up in the ratings any longer. > > > > John Kimble > > Hulbert Financial Digest > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 17:13:10 -0500 Point well taken, Warren. To me, a good teacher is someone who makes me think and act for myself, who teaches me sound principles, who sparks a thought or points out a flaw and shows me how to fix it. If they do that and I improve as a result, then the teacher was "a good teacher." Weinstein's track record had absolutely no influence on the value of what I took from his book. To chuck it because he had a lousy newsletter would have been short-sighted of me. If track record is a prerequisite for judging content, then you may as well chuck CANSLIM out the window....as there is no official record of WON's yearly results since 1960-something when he began. Guess that means that CANSLIM has no value because WON and/or the IBD doesn't even *have* a Hulbert rating. Katherine ----- Original Message ----- Sent: Tuesday, September 03, 2002 4:04 PM | Ed & Katherine, | | Would you prefer to take golf lessons from Tiger Woods or from Joe Blow, the | local public course pro? Let's assume for the moment that both guys are | equally good as teachers. Wouldn't you then agree that Tiger Woods has more | credibility than Joe Blow? | | Yes, I totally agree that one should develop & follow their own path. One of | the reasons we listen to WON so much is that he has, over the years, been | quite successful. It appears that Weinstein has not. | | Given all that, it may also be true that Weinstein is a better teacher than | investor. Fine. But let's be aware that he doesn't walk the talk, or at | least if he does, he stumbles quite a bit. | | Warren | | "Edward W. Gjertsen II" wrote: | | > No one should be wondering why Weinstein's or any other professional's | > performance is poor relative to what they write or "should" be doing. | > Human nature is a cruel element in investing. We are often at odds | > between the logical and emotional aspect of our lives. Investing is one | > of the most disciplined games around. I often compare investing/trading | > to professional golf. In both, there is no excuse for poor performance | > other than you. They are both an above the shoulders game. Your mind | > can be your worst enemy or your best friend. What separates the top 10 | > golfers in the world from the rest of the pack? Mental toughness, | > discipline and being prepared. Truly great investors work just as hard | > preparing themselves mentally as they do searching for the next big | > move. Like WON, your investment discipline should be your own. Pulling | > an idea here, pulling an idea there, creating a methodology that YOU are | > comfortable with should be everyone's quest on this board. Didn't mean | > to get heavy here, but if you want good, consistent results, work just | > as hard on the mental aspect of your investing. | > | > Ed Gjertsen II | > ed@macktracks.com | > -----Original Message----- | > From: owner-canslim@lists.xmission.com | > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel | > Sent: Tuesday, September 03, 2002 10:43 AM | > To: CANSLIM list | > Subject: [CANSLIM] Weinstein & Professional Tape Reader | > | > Someone on the list recently suggested that we should cast a jaundiced | > eye on | > Stan Weinstein's book because of his poor market performance. I wrote to | > the | > Hulbert Financial Digest (they track newsletter portfolio performance) | > and | > below is what they had to say. It looks like he missed the bull market | > entirely, which I find surprising considering his emphasis on technical | > analysis. | > | > So, what do you think? Should we toss out Weinstein's ideas because what | > he | > writes is not supported by real-world performance? (Katherine -- any | > comment?) | > | > Warren | > | > John wrote: | > | > > Hello, | > > | > > We tracked the Professional Tape reader from July, 1980 through the | > end of | > > 1999 which is when they had stopped publishing. During this time he | > had | > > gained 1.3% per year versus 17.1% per year for the market. Since we no | > > longer track it, it does not show up in the ratings any longer. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 18:48:58 EDT --part1_108.175bc8b1.2aa6965a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 5:14:16 PM Central Daylight Time, kmalm@earthlink.net writes: > If track record is a prerequisite for judging content, then you may as well > chuck CANSLIM out the window....as there is no official record of WON's > yearly results since 1960-something when he began. Guess that means that > CANSLIM has no value because WON and/or the IBD doesn't even *have* a > Hulbert rating. > > Katherine From the loss in subscribers to the newspaper and other offerings I think that many people are chucking CANSLIM. Folks didn't care about performance with a bull markets wind at their back but now it's a different story. I for one want to know "where's the beef." I am sad to say I couldn't find any data. Wyndy --part1_108.175bc8b1.2aa6965a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 5:14:16 PM Central Daylight Time, kmalm@earthlink.net writes:


If track record is a prerequisite for judging content, then you may as well
chuck CANSLIM out the window....as there is no official record of WON's
yearly results since 1960-something when he began. Guess that means that
CANSLIM has no value because WON and/or the IBD doesn't even *have* a
Hulbert rating.

Katherine


From the loss in subscribers to the newspaper and other offerings I think that many people are chucking CANSLIM. Folks didn't care about performance with a bull markets wind at their back but now it's a different story. I for one want to know "where's the beef." I am sad to say I couldn't find any data.

Wyndy
 --part1_108.175bc8b1.2aa6965a_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 18:36:21 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0004_01C25378.CCE29EE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Wyndy, My comment about chucking CANSLIM was tongue-in-cheek. You can't measure = a system unless there are firm recommendations and/or nonsubjective = components for entry/exit.* CANSLIM is not about telling you = specifically which stocks you should and shouldn't buy, it doesn't = recommend stocks---it's a process of investing long in fundamentally = sound high-growth stocks using an intermediate term entry/exit strategy = based on technicals. It's a long strategy intended for uptrending = markets rather than an "all weather" strategy. My intended point was that if someone prefers a system that has no = subjective components, is mechanically based and/or requires statistical = evidence before following it, then CANSLIM is not the right strategy for = them. If they are instead sufficiently confident in anecdotal evidence = of success and are comfortable with interpreting subjective criteria, = then CANSLIM will "fit" the person. Katherine * What can and has been done is to take a rule-based interpretation of = CANSLIM and then enter/exit only on quantifiable elements. When this is = done, one can measure the performance (and it's quite good, by the way). = However, every time I show a study that did this to someone, they find = some reason to doubt the results. There's just no pleasing some people. = They don't believe it if you *don't* show statistics, and when you *do* = show them statistics, they say that "statistics lie." Sounds no-win to = me. ----- Original Message -----=20 From: Cwyndham@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, September 03, 2002 5:48 PM Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 5:14:16 PM Central Daylight Time, = kmalm@earthlink.net writes: If track record is a prerequisite for judging content, then you may = as well chuck CANSLIM out the window....as there is no official record of = WON's yearly results since 1960-something when he began. Guess that means = that CANSLIM has no value because WON and/or the IBD doesn't even *have* = a Hulbert rating. Katherine From the loss in subscribers to the newspaper and other offerings I = think that many people are chucking CANSLIM. Folks didn't care about = performance with a bull markets wind at their back but now it's a = different story. I for one want to know "where's the beef." I am sad to = say I couldn't find any data. Wyndy ------=_NextPart_000_0004_01C25378.CCE29EE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Wyndy,
 
My comment about chucking CANSLIM was tongue-in-cheek. You can't = measure a=20 system unless there are firm recommendations and/or nonsubjective = components for=20 entry/exit.* CANSLIM is not about telling you specifically which stocks = you=20 should and shouldn't buy, it doesn't recommend stocks---it's a process = of=20 investing long in fundamentally sound high-growth stocks using an = intermediate=20 term entry/exit strategy based on technicals. It's a long strategy = intended for=20 uptrending markets rather than an "all weather" strategy.
 
My intended point was that if someone prefers a system that = has no=20 subjective components, is mechanically based and/or requires statistical = evidence before following it, then CANSLIM is not the right strategy for = them.=20 If they are instead sufficiently confident in anecdotal evidence of = success and=20 are comfortable with interpreting subjective criteria, then CANSLIM will = "fit"=20 the person.
 
Katherine
 
* What can and has been done is to take a rule-based interpretation = of=20 CANSLIM and then enter/exit only on quantifiable elements. When this is = done,=20 one can measure the performance (and it's quite good, by the way). = However,=20 every time I show a study that did this to someone, they find some = reason to=20 doubt the results. There's just no pleasing some people. They don't = believe it=20 if you *don't* show statistics, and when you *do* show them statistics, = they say=20 that "statistics lie." Sounds no-win to me.
 
----- Original Message -----
From:=20 Cwyndham@aol.com=20
Sent: Tuesday, September 03, = 2002 5:48=20 PM
Subject: Re: [CANSLIM] Why = Professionals=20 go astray

In a message dated 9/3/2002 5:14:16 PM Central = Daylight=20 Time, kmalm@earthlink.net=20 writes:


If track record is a prerequisite for judging content, = then you=20 may as well
chuck CANSLIM out the window....as there is no = official=20 record of WON's
yearly results since 1960-something when he = began. Guess=20 that means that
CANSLIM has no value because WON and/or the IBD = doesn't=20 even *have* a
Hulbert = rating.

Katherine

From the=20 loss in subscribers to the newspaper and other offerings I think that = many=20 people are chucking CANSLIM. Folks didn't care about performance with = a bull=20 markets wind at their back but now it's a different story. I for one = want to=20 know "where's the beef." I am sad to say I couldn't find any=20 data.

Wyndy
 ------=_NextPart_000_0004_01C25378.CCE29EE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 18:54:10 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0044_01C2537B.49FA04C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Heavens to Betsie . . . I have even shown actual brokerage house statements to people and they still don't believe the results. In fact, one newspaper reporter had the gall to suggest that the statements were obviously forgeries. You are right . . . It's a "no-win" situation. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, September 03, 2002 6:36 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Why Professionals go astray Hi Wyndy, My comment about chucking CANSLIM was tongue-in-cheek. You can't measure a system unless there are firm recommendations and/or nonsubjective components for entry/exit.* CANSLIM is not about telling you specifically which stocks you should and shouldn't buy, it doesn't recommend stocks---it's a process of investing long in fundamentally sound high-growth stocks using an intermediate term entry/exit strategy based on technicals. It's a long strategy intended for uptrending markets rather than an "all weather" strategy. My intended point was that if someone prefers a system that has no subjective components, is mechanically based and/or requires statistical evidence before following it, then CANSLIM is not the right strategy for them. If they are instead sufficiently confident in anecdotal evidence of success and are comfortable with interpreting subjective criteria, then CANSLIM will "fit" the person. Katherine * What can and has been done is to take a rule-based interpretation of CANSLIM and then enter/exit only on quantifiable elements. When this is done, one can measure the performance (and it's quite good, by the way). However, every time I show a study that did this to someone, they find some reason to doubt the results. There's just no pleasing some people. They don't believe it if you *don't* show statistics, and when you *do* show them statistics, they say that "statistics lie." Sounds no-win to me. ----- Original Message ----- From: Cwyndham@aol.com To: canslim@lists.xmission.com Sent: Tuesday, September 03, 2002 5:48 PM Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 5:14:16 PM Central Daylight Time, kmalm@earthlink.net writes: If track record is a prerequisite for judging content, then you may as well chuck CANSLIM out the window....as there is no official record of WON's yearly results since 1960-something when he began. Guess that means that CANSLIM has no value because WON and/or the IBD doesn't even *have* a Hulbert rating. Katherine From the loss in subscribers to the newspaper and other offerings I think that many people are chucking CANSLIM. Folks didn't care about performance with a bull markets wind at their back but now it's a different story. I for one want to know "where's the beef." I am sad to say I couldn't find any data. Wyndy ------=_NextPart_000_0044_01C2537B.49FA04C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Heavens to Betsie . . .
 
I have=20 even shown actual brokerage house statements to people and they still = don't=20 believe the results.
 
In=20 fact, one newspaper reporter had the gall to suggest that the statements = were=20 obviously forgeries.
 
You=20 are right . . . It's a "no-win" situation.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Tuesday, September 03, 2002 6:36 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Why = Professionals=20 go astray

Hi Wyndy,
 
My comment about chucking CANSLIM was tongue-in-cheek. You can't = measure=20 a system unless there are firm recommendations and/or nonsubjective = components=20 for entry/exit.* CANSLIM is not about telling you specifically which = stocks=20 you should and shouldn't buy, it doesn't recommend stocks---it's a = process of=20 investing long in fundamentally sound high-growth stocks using an = intermediate=20 term entry/exit strategy based on technicals. It's a long strategy = intended=20 for uptrending markets rather than an "all weather" strategy.
 
My intended point was that if someone prefers a system that = has no=20 subjective components, is mechanically based and/or requires = statistical=20 evidence before following it, then CANSLIM is not the right strategy = for them.=20 If they are instead sufficiently confident in anecdotal evidence of = success=20 and are comfortable with interpreting subjective criteria, then = CANSLIM will=20 "fit" the person.
 
Katherine
 
* What can and has been done is to take a rule-based = interpretation of=20 CANSLIM and then enter/exit only on quantifiable elements. When this = is done,=20 one can measure the performance (and it's quite good, by the way). = However,=20 every time I show a study that did this to someone, they find some = reason to=20 doubt the results. There's just no pleasing some people. They don't = believe it=20 if you *don't* show statistics, and when you *do* show them = statistics, they=20 say that "statistics lie." Sounds no-win to me.
 
----- Original Message -----
From:=20 Cwyndham@aol.com
Sent: Tuesday, September 03, = 2002 5:48=20 PM
Subject: Re: [CANSLIM] Why=20 Professionals go astray

In a message dated 9/3/2002 5:14:16 PM Central = Daylight=20 Time, kmalm@earthlink.net = writes:


If track record is a prerequisite for judging content, = then=20 you may as well
chuck CANSLIM out the window....as there is no = official=20 record of WON's
yearly results since 1960-something when he = began.=20 Guess that means that
CANSLIM has no value because WON and/or = the IBD=20 doesn't even *have* a
Hulbert=20 rating.

Katherine


From the loss in = subscribers to=20 the newspaper and other offerings I think that many people are = chucking=20 CANSLIM. Folks didn't care about performance with a bull markets = wind at=20 their back but now it's a different story. I for one want to know = "where's=20 the beef." I am sad to say I couldn't find any=20 = data.

Wyndy
 ------=_NextPart_000_0044_01C2537B.49FA04C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving Date: 03 Sep 2002 17:17:38 -0700 ------=_NextPart_001_0003_01C2536D.CDB61C80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I cant seem to open toms watch list -is there a way for someone to open i= t into words and forward it to me at zillagirl@msn.com? Hope its possible= thanks nancy =20 =20 ----- Original Message ----- Sent: Sunday, September 01, 2002 10:58 PM =20 ------=_NextPart_001_0003_01C2536D.CDB61C80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I cant seem to= open toms watch list -is there a way for someone to open it into words a= nd forward it to me at zillagirl@msn= .com? Hope its possible thanks nancy 
 
----- Original Message -----
From: Hermann Ertl
Sent: Sunday, September 01, 2002= 10:58 PM
To: canslim@lists.= xmission.com
Subject: [CANSL= IM] WORLEY'S WATCHLIST WANNABES, timesaving
 
------=_NextPart_001_0003_01C2536D.CDB61C80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Worley's Weekend Weeview Date: 03 Sep 2002 17:26:08 -0700 ------=_NextPart_001_0004_01C2536E.FDC74C40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable please disregard my previous email. I got this email ( which I believe co= ntains the info) and this one didnt have to be opened. sorry nancy =20 =20 ----- Original Message ----- Sent: Sunday, September 01, 2002 12:06 PM =20 ECONOMICS Used home sales continued their strength, rising again 4.5% to 5.33 milli= on units, while new home sales hit another new record, rising 6.7% to a r= ecord 1.017 million unit annual level. New home sales also beat expectati= ons of a decline. Used home sales were in line with expectations. =20 Durable Goods Orders also increased sharply and ahead of expectations, up= 8.7% for July. Expectations were a rise of 1.4%. Even without the volati= le transportation portion, the index was still up 3.9%. Automotive sales = were the biggest single positive component. =20 Conference Board's consumer confidence index fell to 93.5 in August from = 97.4, while the Expectations index fell to 94.5 from 96.1. Survey was on = 5,000 households in the first weeks of August. =20 Revised 2nd Qtr GDP remains at 1.1%. =20 New claims for unemployment surged over 400,000 once again, worse than ex= pected. =20 Meanwhile, the revised reading of Univ. of Michigan's Consumer Sentiment = index for August slipped to 87.6 from 87.9, below expectations of 88. Cur= rent conditions index also declined, while the expectations index rose sl= ightly. =20 Chicago NAPM index rose nicely in August to 54.9 from 51.5 in July, even = tho the employment component fell. Expectation was for 52. This was the 7= th straight month of expansion. =20 Commerce Dept reports that personal spending in July jumped 1% while pers= onal income was unchanged. Expectations were for rises of 0.8% and 0.3% r= espectively. And Americans were saving 3.4% of their income, down from 4.= 2%. "M" August was the first month in five for the S&P500 to close positive, whil= e the DOW continued its five month decline, and NASDAQ made its seventh m= onth in a row to the negative. I am still operating on the assumption tha= t we are in a bull rally (and weakening) within a continuing bear market.= Volume has remained consistently below average on all major indexes for = 4-5 weeks now, and normally would be expected to return to normal levels = starting next week. However, with a number of important economic reports = due out every day next week, and the anniversary of the 9/11 attack the f= ollowing week, it will not surprise me to continue seeing light volume. T= he Q3 preannouncement season will be starting soon as well. The decline l= ast week put the NASDAQ back into a mild oversold condition, with the 10 = day average of both up/down volume and new highs/lows both negative. NYS= E continues to look better, where it remains in an overbought condition, = and the 10 day averages of up/down vol and new hi/low are positive. In bo= th cases, the recent rally since 7/24 appears to be continuing to weaken. WORLEY'S WATCHLIST WANNABES =20 This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, as= the name implies, only intended to identify some stocks with constructiv= e chart patterns that may be worth WATCHING and learning from (and of cou= rse doing your own due diligence). I am employed in Operations by a US Br= oker Dealer, however everything presented by me is strictly my own ideas = and in no way should be taken to reflect the views or opinions of my empl= oyer. =20 I typically list stocks with both RS and EPS ranking of 80 or better, and= try to exclude stocks undergoing any merger / acquisition / buyout scena= rio. I no longer will actively consider earnings forecast for this year a= nd next due the confusing data presented by DGO. I do no other due dilige= nce, that is your responsibility. I will note any CANSLIM patterns I see,= such as c&h, double (or triple) bottoms, or flat bases (shown as Bx wher= e "x" is the # of weeks, IMO). I will also note LLUR (Lower Left Upper Ri= ght) even though it is not exactly a CANSLIM pattern. =20 The population of stocks I am reviewing this weekend remains small, but s= table. Unfortunately, I find very few decent charts to consider. =20 AF - c&h BLUD - B2 BMI - c&h CTSH - channeling EPIQ - possible c&h forming, sold my margin position, still in my VR fund ERES - poor double bottom GPT - B2 HBHC - LLUR HET - saucer IBKC - B4 NYCB - B3 OCFC - c&h SSNC - long sloppy base, in my VR Fund SWBT - B3 TRBS - B4 on a double bottom TTWO - c&h =20 Happy hunting, =20 Tom Worley stkguru@bellsouth.net AIM: TexWorley ------=_NextPart_001_0004_01C2536E.FDC74C40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
please disregard my previous email. I got= this email ( which I believe contains the info) and this one didnt have = to be opened. sorry nancy 
 
----- Original Message -----
From: Tom Worley
Sent: Sunday, September 01, 2002 12:06 PM
To: CANSLIM
Subject: [CANSLIM] Worley's Weekend Weeview
 
= ECONOMICS
Used home= sales continued their strength, rising again 4.5% to 5.33 million units,= while new home sales hit another new record, rising 6.7% to a record 1.0= 17 million unit annual level. New home sales also beat expectations of a = decline. Used home sales were in line with expectations.
 
Durable = Goods Orders also increased sharply and ahead of expectations, up 8.7% fo= r July. Expectations were a rise of 1.4%. Even without the volatile trans= portation portion, the index was still up 3.9%. Automotive sales were the= biggest single positive component.
=  
Conference Board's consumer c= onfidence index fell to 93.5 in August from 97.4, while the Expectations = index fell to 94.5 from 96.1. Survey was on 5,000 households in the first= weeks of August.
 
Revised 2nd Qtr GDP remains at 1.1%.
 
Ne= w claims for unemployment surged over 400,000 once again, worse than expe= cted.
 
Meanwhile, the revised reading of Univ. of Michigan's Consu= mer Sentiment index for August slipped to 87.6 from 87.9, below expectati= ons of 88. Current conditions index also declined, while the expectations= index rose slightly.
 <= /DIV>
Chicago NAPM index rose nicely in August to= 54.9 from 51.5 in July, even tho the employment component fell. Expectat= ion was for 52. This was the 7th straight month of expansion.
 
Com= merce Dept reports that personal spending in July jumped 1% while persona= l income was unchanged. Expectations were for rises of 0.8% and 0.3% resp= ectively. And Americans were saving 3.4% of their income, down from 4.2%.=
"M"
August was = the first month in five for the S&P500 to close positive, while the D= OW continued its five month decline, and NASDAQ made its seventh month in= a row to the negative. I am still operating on the assumption that we ar= e in a bull rally (and weakening) within a continuing bear market. Volume= has remained consistently below average on all major indexes for 4-5 wee= ks now, and normally would be expected to return to normal levels startin= g next week. However, with a number of important economic reports due out= every day next week, and the anniversary of the 9/11 attack the followin= g week, it will not surprise me to continue seeing light volume. The Q3 p= reannouncement season will be starting soon as well. The decline last wee= k put the NASDAQ back into a mild oversold condition, with the 10 day ave= rage of both up/down volume and new highs/lows both negative.  NYSE = continues to look better, where it remains in an overbought condition, an= d the 10 day averages of up/down vol and new hi/low are positive. In both= cases, the recent rally since 7/24 appears to be continuing to weaken.
WORLEY'S WA= TCHLIST WANNABES
This list is in no way= intended to recommend any stocks to the group. It is a part of my regula= r assessment of the health of CANSLIM's "M" and, as the name implies, onl= y intended to identify some stocks with constructive chart patterns that = may be worth WATCHING and learning f= rom (and of course doing your own due diligence). I am employed in Operations by a US Broker Dealer, ho= wever everything presented by me is strictly my own ideas and in no way s= hould be taken to reflect the views or opinions of my employer.
 
I typically list stocks with both RS and EPS ranking = of 80 or better, and try to exclude stocks undergoing any merger / acquis= ition / buyout scenario. I no longer will actively consider&nbs= p;earnings forecast for this year and next due the confusing data present= ed by DGO. I do no other due diligence, that is your responsibility. I wi= ll note any CANSLIM patterns I see, such as c&h, double (or triple) b= ottoms, or flat bases (shown as Bx where "x" is the # of weeks, IMO). I w= ill also note LLUR (Lower Left Upper Right) even though it is not exactly= a CANSLIM pattern.
 
The population of stocks I am reviewing this = weekend remains small, but stable. Unfortunately, I find very few decent = charts to consider.
 
AF - c&h
<= FONT face=3DArial>BLUD - B2
BMI - c&= amp;h
CTSH - channeling
=
EPIQ - possible c&h forming, sold my margin = position, still in my VR fund
ERES -= poor double bottom
GPT - B2<= /DIV>
HBHC - LLUR
HET - saucer
IBKC - B4<= /DIV>
NYCB - B3
OCFC - c&h
SSNC - long slopp= y base, in my VR Fund
SWBT - B3
TRBS - B4 on a double bottom
TTWO - c&h
 
Happy hunting,
 
3D""
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
------=_NextPart_001_0004_01C2536E.FDC74C40-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 20:24:17 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0038_01C25387.E0729050 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable on the contrary, Sol, when the right side of the cup is higher than the = left, the handle also tends to be higher than the left rim. While a = "high handle" can succeed, they are more prone to failure, either before = or after a b/o, than when the handle forms in the upper half of the cup = (with preference towards the upper quarter of the cup). ----- Original Message -----=20 Sent: Tuesday, September 03, 2002 12:27 PM Ian:=20 Aren't all cw/h a situation where the right side of cup is higher than = left side which means that there is overhead resistance at the price of = the right side of cup?=20 Ian wrote:=20 John: One thing you might want to revisit is your selection of breakout = points for CSTR. As early as APril, CSTR had traded over $34 for a week, on = higher volume. It flies in the face of what a breakout point is meant to be = (a removal of significant known overhead resistance) to buy a stock just = $1.50 below where a lot of shares have changed hands in recent days. IMHO, a break through $35.50, on a large volume increase, on a third = attempt would have been much safer, from a historical perspective. Ian ----- Original Message ----- From: John Calkins=20 To:=20 Sent: Tuesday, September 03, 2002 4:52 AM Subject: [CANSLIM] CSTR CVH Failed breakouts Post Analysis > Ok, now that I have admitted that I didn't make a huge blunder = buying CSTR > and CVH on their breakouts. I need advice on how I can improve after > loosing a large percentage on these two stocks. > > I'm unable to be at a computer during the day, so I check the volume = and > price with TD Waterhouse Phone Trade Direct. My first pick like many = was > CSTR. On August 15th it brokeout and I purchased it at $32.50. I set = my > Sell Stop at 8% below my purchase price at $29.90. My stop order was > executed at $26.61 after the gap down. I guess I consider myself = lucky it > didn't execute at $24 what ever because of the price action for the = day. My > second trade was with CVH. It broke out on August 19th and was able = to > purchase it at $33.83. The sell stop order was again placed at 8% = below at > $31.12. My sell stop was executed at $28.75. > > This is the most difficult time I have had with my orders yet. I = have > usually been able to get much closer to my stop price. I can't = afford to > loose and average of 16% or double the CANSLIM method. I have heard = that it > is unwise to "Tip you hand" by having a stop order out there for the market > makers to grab. But if I'm such a small fish out there, then how on = earth > could my little stop order influence anyone? Is there a trading = platform > that is better at setting up unattended orders. I've heard of = trailing > stops etc. but aren't these just ideas or soft stops that you have = to watch > the intra-day action of the market to take advantage of? > > I just can't seem to get out of the shoot...I suppose along with = everyone > else. I understand that Due Diligence might have helped on these two > stocks, but who would have ever thought both of these would have = gapped over > my stop orders like this! > > I sure would like to know how you buy and sell when you can't glue yourself > to a monitor all day long. I hope that the digital cell tower shows = up > close to where I work so I can at least get price and volume alerts = sent to > me. I had this before and it worked better than this stop order = crapola. > > (JC) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------- Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes ------=_NextPart_000_0038_01C25387.E0729050 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
on the contrary, Sol, when the right side of the = cup is=20 higher than the left, the handle also tends to be higher than the left = rim.=20 While a "high handle" can succeed, they are more prone to failure, = either before=20 or after a b/o, than when the handle forms in the upper half of the cup = (with=20 preference towards the upper quarter of the cup).
 
----- Original Message -----=20
From: Sol = Mayer
Sent: Tuesday, September 03, 2002 12:27 PM
Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post=20 Analysis

Ian:=20

Aren't all cw/h a situation where the right side of cup is higher = than left=20 side which means that there is overhead resistance at the price of the = right=20 side of cup?=20

 Ian wrote:=20 John:

One=20 thing you might want to revisit is your selection of breakout points=20 for
CSTR. As early as APril, CSTR had traded over $34 for a week, = on=20 higher
volume. It flies in the face of what a breakout point is = meant to be=20 (a
removal of significant known overhead resistance) to buy a stock = just=20 $1.50
below where a lot of shares have changed hands in recent=20 days.

IMHO, a break through $35.50, on a large volume increase, = on a=20 third attempt
would have been much safer, from a historical=20 perspective.

Ian


----- Original Message = -----
From: John=20 Calkins
To: =
Sent:=20 Tuesday, September 03, 2002 4:52 AM
Subject: [CANSLIM] CSTR CVH = Failed=20 breakouts Post Analysis


> Ok, now that I have admitted = that I=20 didn't make a huge blunder buying CSTR
> and CVH on their = breakouts. I=20 need advice on how I can improve after
> loosing a large = percentage on=20 these two stocks.
>
> I'm unable to be at a computer = during the=20 day, so I check the volume and
> price with TD Waterhouse Phone = Trade=20 Direct. My first pick like many was
> CSTR. On August 15th it = brokeout=20 and I purchased it at $32.50. I set my
> Sell Stop at 8% below = my=20 purchase price at $29.90. My stop order was
> executed at $26.61 = after=20 the gap down. I guess I consider myself lucky it
> didn't = execute at $24=20 what ever because of the price action for the day.
My
> = second trade=20 was with CVH. It broke out on August 19th and was able to
> = purchase it=20 at $33.83. The sell stop order was again placed at 8% = below
at
>=20 $31.12. My sell stop was executed at $28.75.
>
> This is = the most=20 difficult time I have had with my orders yet. I have
> usually = been able=20 to get much closer to my stop price. I can't afford to
> loose = and=20 average of 16% or double the CANSLIM method. I have heard = that
it
>=20 is unwise to "Tip you hand" by having a stop order out there for=20 the
market
> makers to grab. But if I'm such a small fish out = there,=20 then how on earth
> could my little stop order influence anyone? = Is=20 there a trading platform
> that is better at setting up = unattended=20 orders. I've heard of trailing
> stops etc. but aren't these = just ideas=20 or soft stops that you have to
watch
> the intra-day action = of the=20 market to take advantage of?
>
> I just can't seem to get = out of=20 the shoot...I suppose along with everyone
> else. I understand = that Due=20 Diligence might have helped on these two
> stocks, but who would = have=20 ever thought both of these would have gapped
over
> my stop = orders=20 like this!
>
> I sure would like to know how you buy and = sell when=20 you can't glue
yourself
> to a monitor all day long. I hope = that the=20 digital cell tower shows up
> close to where I work so I can at = least=20 get price and volume alerts sent
to
> me. I had this before = and it=20 worked better than this stop order crapola.
>
>=20 (JC)
>
>
> -
> -To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
> -In the email body, write "subscribe = canslim"=20 or
> -"unsubscribe canslim". Do not use quotes in your=20 email.


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim". Do not use quotes in your = email.


Do You Yahoo!?
Yahoo!=20 Finance - Get real-time stock quotes ------=_NextPart_000_0038_01C25387.E0729050-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 19:36:08 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00C0_01C25381.26D009D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable To really have proof, how about the old end of year tax statement. = Around 6 months ago, I had extra money to invest, so i ask a few CANSLIM = masters, there names occasionally pop here, to invest in their = partnerships. I wanted to know their track record, which are audited. I = found that their track records not only for 2000s but 1990s, not that = impressive. David ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, September 03, 2002 6:54 PM Subject: RE: [CANSLIM] Why Professionals go astray Heavens to Betsie . . .=20 I have even shown actual brokerage house statements to people and they = still don't believe the results. In fact, one newspaper reporter had the gall to suggest that the = statements were obviously forgeries. You are right . . . It's a "no-win" situation. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, September 03, 2002 6:36 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Why Professionals go astray Hi Wyndy, My comment about chucking CANSLIM was tongue-in-cheek. You can't = measure a system unless there are firm recommendations and/or = nonsubjective components for entry/exit.* CANSLIM is not about telling = you specifically which stocks you should and shouldn't buy, it doesn't = recommend stocks---it's a process of investing long in fundamentally = sound high-growth stocks using an intermediate term entry/exit strategy = based on technicals. It's a long strategy intended for uptrending = markets rather than an "all weather" strategy. My intended point was that if someone prefers a system that has no = subjective components, is mechanically based and/or requires statistical = evidence before following it, then CANSLIM is not the right strategy for = them. If they are instead sufficiently confident in anecdotal evidence = of success and are comfortable with interpreting subjective criteria, = then CANSLIM will "fit" the person. Katherine * What can and has been done is to take a rule-based interpretation = of CANSLIM and then enter/exit only on quantifiable elements. When this = is done, one can measure the performance (and it's quite good, by the = way). However, every time I show a study that did this to someone, they = find some reason to doubt the results. There's just no pleasing some = people. They don't believe it if you *don't* show statistics, and when = you *do* show them statistics, they say that "statistics lie." Sounds = no-win to me. ----- Original Message -----=20 From: Cwyndham@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, September 03, 2002 5:48 PM Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 5:14:16 PM Central Daylight Time, = kmalm@earthlink.net writes: If track record is a prerequisite for judging content, then you = may as well chuck CANSLIM out the window....as there is no official record = of WON's yearly results since 1960-something when he began. Guess that = means that CANSLIM has no value because WON and/or the IBD doesn't even = *have* a Hulbert rating. Katherine From the loss in subscribers to the newspaper and other offerings = I think that many people are chucking CANSLIM. Folks didn't care about = performance with a bull markets wind at their back but now it's a = different story. I for one want to know "where's the beef." I am sad to = say I couldn't find any data. Wyndy ------=_NextPart_000_00C0_01C25381.26D009D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
To really have proof, how about = the old end of=20 year tax statement. Around 6 months ago, I had extra money to invest, so = i ask a=20 few CANSLIM masters, there names occasionally pop here, to invest in = their=20 partnerships. I wanted to know their track record, which are audited. I = found=20 that their track records not only for 2000s but 1990s, not that = impressive.=20 David
----- Original Message -----
From:=20 Fred=20 Richards
Sent: Tuesday, September 03, = 2002 6:54=20 PM
Subject: RE: [CANSLIM] Why = Professionals=20 go astray

Heavens to Betsie . . .
 
I=20 have even shown actual brokerage house statements to people and they = still=20 don't believe the results.
 
In=20 fact, one newspaper reporter had the gall to suggest that the = statements were=20 obviously forgeries.
 
You=20 are right . . . It's a "no-win" situation.
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Tuesday, September 03, 2002 6:36 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Why=20 Professionals go astray

Hi Wyndy,
 
My comment about chucking CANSLIM was tongue-in-cheek. You = can't=20 measure a system unless there are firm recommendations and/or = nonsubjective=20 components for entry/exit.* CANSLIM is not about telling you = specifically=20 which stocks you should and shouldn't buy, it doesn't recommend=20 stocks---it's a process of investing long in fundamentally sound = high-growth=20 stocks using an intermediate term entry/exit strategy based on = technicals.=20 It's a long strategy intended for uptrending markets rather than an = "all=20 weather" strategy.
 
My intended point was that if someone prefers a system = that has no=20 subjective components, is mechanically based and/or requires = statistical=20 evidence before following it, then CANSLIM is not the right strategy = for=20 them. If they are instead sufficiently confident in anecdotal = evidence of=20 success and are comfortable with interpreting subjective criteria, = then=20 CANSLIM will "fit" the person.
 
Katherine
 
* What can and has been done is to take a rule-based = interpretation of=20 CANSLIM and then enter/exit only on quantifiable elements. When this = is=20 done, one can measure the performance (and it's quite good, by the = way).=20 However, every time I show a study that did this to someone, they = find some=20 reason to doubt the results. There's just no pleasing some people. = They=20 don't believe it if you *don't* show statistics, and when you *do* = show them=20 statistics, they say that "statistics lie." Sounds no-win to = me.
 
----- Original Message -----
From:=20 Cwyndham@aol.com
To: canslim@lists.xmission.com= =20
Sent: Tuesday, September = 03, 2002=20 5:48 PM
Subject: Re: [CANSLIM] Why=20 Professionals go astray

In a message dated 9/3/2002 5:14:16 PM = Central Daylight=20 Time, kmalm@earthlink.net=20 writes:


If track record is a prerequisite for judging = content, then=20 you may as well
chuck CANSLIM out the window....as there is = no=20 official record of WON's
yearly results since 1960-something = when he=20 began. Guess that means that
CANSLIM has no value because WON = and/or=20 the IBD doesn't even *have* a
Hulbert=20 rating.

Katherine


From the loss in = subscribers=20 to the newspaper and other offerings I think that many people are = chucking=20 CANSLIM. Folks didn't care about performance with a bull markets = wind at=20 their back but now it's a different story. I for one want to know = "where's=20 the beef." I am sad to say I couldn't find any=20 = data.

Wyndy
 ------=_NextPart_000_00C0_01C25381.26D009D0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 20:34:43 -0400 Katherine, as late as 1992, I still had access to the big maroon books with five year, log charts from WON services. In the front of those books was a 20 or so year chart of his picks vs the major indexes, along with yearly performance compared to those same indexes. Wish I still had a copy, unfortunately threw my last "souvenir" away years ago. But from memory, I can say the graphs of performance were not only impressive, but beat the indexes hands down. On the annual bar graphs, he had made money almost every year. The few years where he had a net annual loss, it was still considerably less than what occurred in the indexes. Possibly these performance charts are still being provided at the institutional level. ----- Original Message ----- Sent: Tuesday, September 03, 2002 6:13 PM Point well taken, Warren. To me, a good teacher is someone who makes me think and act for myself, who teaches me sound principles, who sparks a thought or points out a flaw and shows me how to fix it. If they do that and I improve as a result, then the teacher was "a good teacher." Weinstein's track record had absolutely no influence on the value of what I took from his book. To chuck it because he had a lousy newsletter would have been short-sighted of me. If track record is a prerequisite for judging content, then you may as well chuck CANSLIM out the window....as there is no official record of WON's yearly results since 1960-something when he began. Guess that means that CANSLIM has no value because WON and/or the IBD doesn't even *have* a Hulbert rating. Katherine ----- Original Message ----- Sent: Tuesday, September 03, 2002 4:04 PM | Ed & Katherine, | | Would you prefer to take golf lessons from Tiger Woods or from Joe Blow, the | local public course pro? Let's assume for the moment that both guys are | equally good as teachers. Wouldn't you then agree that Tiger Woods has more | credibility than Joe Blow? | | Yes, I totally agree that one should develop & follow their own path. One of | the reasons we listen to WON so much is that he has, over the years, been | quite successful. It appears that Weinstein has not. | | Given all that, it may also be true that Weinstein is a better teacher than | investor. Fine. But let's be aware that he doesn't walk the talk, or at | least if he does, he stumbles quite a bit. | | Warren | | "Edward W. Gjertsen II" wrote: | | > No one should be wondering why Weinstein's or any other professional's | > performance is poor relative to what they write or "should" be doing. | > Human nature is a cruel element in investing. We are often at odds | > between the logical and emotional aspect of our lives. Investing is one | > of the most disciplined games around. I often compare investing/trading | > to professional golf. In both, there is no excuse for poor performance | > other than you. They are both an above the shoulders game. Your mind | > can be your worst enemy or your best friend. What separates the top 10 | > golfers in the world from the rest of the pack? Mental toughness, | > discipline and being prepared. Truly great investors work just as hard | > preparing themselves mentally as they do searching for the next big | > move. Like WON, your investment discipline should be your own. Pulling | > an idea here, pulling an idea there, creating a methodology that YOU are | > comfortable with should be everyone's quest on this board. Didn't mean | > to get heavy here, but if you want good, consistent results, work just | > as hard on the mental aspect of your investing. | > | > Ed Gjertsen II | > ed@macktracks.com | > -----Original Message----- | > From: owner-canslim@lists.xmission.com | > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel | > Sent: Tuesday, September 03, 2002 10:43 AM | > To: CANSLIM list | > Subject: [CANSLIM] Weinstein & Professional Tape Reader | > | > Someone on the list recently suggested that we should cast a jaundiced | > eye on | > Stan Weinstein's book because of his poor market performance. I wrote to | > the | > Hulbert Financial Digest (they track newsletter portfolio performance) | > and | > below is what they had to say. It looks like he missed the bull market | > entirely, which I find surprising considering his emphasis on technical | > analysis. | > | > So, what do you think? Should we toss out Weinstein's ideas because what | > he | > writes is not supported by real-world performance? (Katherine -- any | > comment?) | > | > Warren | > | > John wrote: | > | > > Hello, | > > | > > We tracked the Professional Tape reader from July, 1980 through the | > end of | > > 1999 which is when they had stopped publishing. During this time he | > had | > > gained 1.3% per year versus 17.1% per year for the market. Since we no | > > longer track it, it does not show up in the ratings any longer. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 20:43:15 EDT --part1_1bf.ceeec68.2aa6b123_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 6:37:33 PM Central Daylight Time, kmalm@earthlink.net writes: > Hi Wyndy, > > My comment about chucking CANSLIM was tongue-in-cheek. You can't measure a > system unless there are firm recommendations and/or nonsubjective > components for entry/exit.* CANSLIM is not about telling you specifically > which stocks you should and shouldn't buy, it doesn't recommend > stocks---it's a process of investing long in fundamentally sound > high-growth stocks using an intermediate term entry/exit strategy based on > technicals. It's a long strategy intended for uptrending markets rather > than an "all weather" strategy. If I understand what you are saying, CANSLIM is based on faith and not facts. Do you have any "beef" to share? What can I expect to yield based on your knowledge not what you read somewhere? Thank you, Wyndy --part1_1bf.ceeec68.2aa6b123_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 6:37:33 PM Central Daylight Time, kmalm@earthlink.net writes:


Hi Wyndy,

My comment about chucking CANSLIM was tongue-in-cheek. You can't measure a system unless there are firm recommendations and/or nonsubjective components for entry/exit.* CANSLIM is not about telling you specifically which stocks you should and shouldn't buy, it doesn't recommend stocks---it's a process of investing long in fundamentally sound high-growth stocks using an intermediate term entry/exit strategy based on technicals. It's a long strategy intended for uptrending markets rather than an "all weather" strategy.



If I understand what you are saying, CANSLIM is based on faith and not facts. Do you have any "beef" to share? What can I expect to yield based on your knowledge not what you read somewhere?

Thank you,
Wyndy 



--part1_1bf.ceeec68.2aa6b123_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 19:55:44 -0500 Hi Wyndy, May I suggest you grab a copy of How To Make Money In Stocks (HTMMIS). It makes good reading and is the CAN SLIM "bible". It will answer almost all your questions about how the method works and what it is based on. Even if you decide to use some other method, it still has good information on investing and the market in general. Norm ----- Original Message ----- Sent: Tuesday, September 03, 2002 7:43 PM > In a message dated 9/3/2002 6:37:33 PM Central Daylight Time, > kmalm@earthlink.net writes: > > > > Hi Wyndy, > > > > My comment about chucking CANSLIM was tongue-in-cheek. You can't measure a > > system unless there are firm recommendations and/or nonsubjective > > components for entry/exit.* CANSLIM is not about telling you specifically > > which stocks you should and shouldn't buy, it doesn't recommend > > stocks---it's a process of investing long in fundamentally sound > > high-growth stocks using an intermediate term entry/exit strategy based on > > technicals. It's a long strategy intended for uptrending markets rather > > than an "all weather" strategy. > > > If I understand what you are saying, CANSLIM is based on faith and not facts. > Do you have any "beef" to share? What can I expect to yield based on your > knowledge not what you read somewhere? > > Thank you, > Wyndy > > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Off-topic: Tech signal alerts Date: 03 Sep 2002 18:22:00 -0700 ------=_NextPart_001_0000_01C25376.CB878DA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi-can you tell us which software packages you refer to that do this. tha= nks nancy =20 =20 ----- Original Message ----- Sent: Saturday, August 31, 2002 5:25 PM =20 There have been numerous mentions here of the use of technical indicators (I believe I remember Katherine saying something about WON's advice to buy on fundamentals but sell on technicals.) My question is if anyone out there knows of websites which let you set up alerts based on technical indicators. There are many sites that will send you an email based on stock price, but I've never seen any that alert you based on technical indicators (such as moving averages crossing each other or the MACD crossing each other, for example.) =20 There are several software packages that do this, but they all run on the PC itself and I'm hoping to find one that is server-based, as I travel a lot and don't always have a computer handy to run a chart analysis. John - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0000_01C25376.CB878DA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi-can you tel= l us which software packages you refer to that do this. thanks nancy = ;
 
----- Original Message -----
From: John Solarno
Sent: Saturday, August 31, 2002 5:25 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Off-topic: Tech signal alerts
&n= bsp;
There have been numerous mentions here of the use of technical<= BR>indicators (I believe I remember Katherine saying something about WON'= s
advice to buy on fundamentals but sell on technicals.)

My que= stion is if anyone out there knows of websites which let you set
up al= erts based on technical indicators.  There are many sites that will<= BR>send you an email based on stock price, but I've never seen any thatalert you based on technical indicators (such as moving averages
cro= ssing each other or the MACD crossing each other, for example.) 
There are several software packages that do this, but they all run o= n
the PC itself and I'm hoping to find one that is server-based, as I<= BR>travel a lot and don't always have a computer handy to run a chart
= analysis.

John



-
-To subscribe/unsubscribe, emai= l "majordomo@xmission.com"
-In the email body, write "subscribe cansli= m" or
-"unsubscribe canslim".  Do not use quotes in your email.
------=_NextPart_001_0000_01C25376.CB878DA0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 21:30:21 EDT --part1_86.1fdbeddb.2aa6bc2d_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 7:56:48 PM Central Daylight Time, theboyd@tisd.net writes: > Hi Wyndy, > > May I suggest you grab a copy of How To Make Money In Stocks (HTMMIS). It > makes good reading and is the CAN SLIM "bible". I just finished reading the 3rd edition. Based on "faith from Katherine" and "bible from you" it sounds like we need white robes and tambourines to do CANSLIM. Are you folks just putting me on or are your serious that there is no data? Wyndy --part1_86.1fdbeddb.2aa6bc2d_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 7:56:48 PM Central Daylight Time, theboyd@tisd.net writes:


Hi Wyndy,

May I suggest you grab a copy of How To Make Money In Stocks (HTMMIS).  It
makes good reading and is the CAN SLIM "bible". 


I just finished reading the 3rd edition. Based on "faith from Katherine" and "bible from you" it sounds like we need white robes and tambourines to do CANSLIM. Are you folks just putting me on or are your serious that there is no data?

Wyndy --part1_86.1fdbeddb.2aa6bc2d_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 21:34:51 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00CA_01C25391.BC9C5300 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Wyndy, please go back and read my response on this issue earlier this = evening. ----- Original Message -----=20 Sent: Tuesday, September 03, 2002 9:30 PM In a message dated 9/3/2002 7:56:48 PM Central Daylight Time, = theboyd@tisd.net writes: Hi Wyndy, May I suggest you grab a copy of How To Make Money In Stocks (HTMMIS). = It makes good reading and is the CAN SLIM "bible". =20 I just finished reading the 3rd edition. Based on "faith from Katherine" = and "bible from you" it sounds like we need white robes and tambourines = to do CANSLIM. Are you folks just putting me on or are your serious that = there is no data? Wyndy=20 ------=_NextPart_000_00CA_01C25391.BC9C5300 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Wyndy, please go back and read my response on = this issue=20 earlier this evening.
 
----- Original Message -----=20
From: Cwyndham@aol.com=20
Sent: Tuesday, September 03, 2002 9:30 PM
Subject: Re: [CANSLIM] Why Professionals go = astray

In a message dated 9/3/2002 7:56:48 PM Central = Daylight Time,=20 theboyd@tisd.net = writes:


Hi Wyndy,

May I suggest you grab a copy of How To = Make=20 Money In Stocks (HTMMIS).  It
makes good reading and is the = CAN SLIM=20 "bible". 

I just finished reading the 3rd = edition.=20 Based on "faith from Katherine" and "bible from you" it sounds like we = need=20 white robes and tambourines to do CANSLIM. Are you folks just putting me = on or=20 are your serious that there is no data?

Wyndy=20 ------=_NextPart_000_00CA_01C25391.BC9C5300-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: James Bond Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 18:44:56 -0700 (PDT) CSTR presents an interesting example of the importance of intraday charts. There is no clue of impending trouble on the daily chart until the stock broke down. The intraday chart, however, telegraphed the bad news well in advance. Like many other people, I too cannot follow the market during the day and have to check charts during the evening. When I have a position open, I check the chart every night with no exception. On Thursday, Aug 22, when this rally was still advancing, I was surprised that evening to see many bearish charts among the leading stocks. For example, FCN had a deterioting relative strength, CCR made a new high but its relative strength lagged, DORL gapped to a new high but saw no progress in daily price (distribution), and PIXR had formed an evening star candlestick pattern. If one or two stocks were acting poorly it probably wouldn't have bothered me so much. When most of the leading stocks were showing signs of weakness the market was in trouble. At that time I was long CCR, CSTR, DORL, NUTR, and PIXR. My first decision was to sell CCR, DORL and PIXR at the open next morning, and but to keep CSTR and NUTR. I changed my mind when I looked at the intraday chart for CSTR. On the daily chart, CSTR had formed an impeccible CwH base, with pp at 31.22. The breakout was on very good volume, and reached a high of 34.2. Because of a little overhead resistance (as mentioned by others), it was expected to form a second handle before breaking out to new highs. This was also noted by the issue of IBD the day after its breakout. It consolidated between 32 and 34 the next 5 days, with nothing extraordinary shown on the daily chart. I was several times tempted to add shares when it pulled to low 32's but thougt better of it. My plan was to add to my position when it broke out of the second handle. I wasn't even thinking about selling it before I looked at the intraday chart. I was alarmed by the intraday chart. On the intraday chart, the consolidation between 32 and 34 showed up as a five day CwH formation, with the appropriate volume actions (large volume on left and right sides, dryups on bottom and in handle). Handle high was 33.76 which was the intraday high on Thursday. Everything was great except for the last hour or so of Thursday. Some heavy selling came in and broke the handle formation (little did I know that the Off Wall Street report was issued to its clients on that Thursday). WON told us that heavy selling in handle was a sign of trouble, and a good short can be entered when the handle low was broken as the volume picked up. Of course he was refering to daily charts. Intraday charts work the same way except its validity is much shorter in duration. If the market were healthy, I probably would have expected CSTR to pullback and test the pp and a decision could be made after the test. But with the other leading stocks weakening, there was no question at that point that CSTR was going to break below its pivot point. So I decided to sell it the next morning along with the others for a small profit. I was kicking myself a few days later when CSTR barely dipped below the pp and then rallied past my sell price. But that lasted only one day. Thank goodness the intraday chart gave me the only clue there was. As far as CVH was concerned, I ruled it out as a buy candidate early on. There were several issues with CVH. First was the lack of confirming strength in the group - although the group ranking was high, other stocks in the group either didn't have a proper base (SIE), or had a wide and loose base (MME). I avoid groups like this. Second CVH was overowned by institutions - over 90% of ownership. WON's rule was less than 50% institutional ownership. Third was a non-CANSLIM issue: CVH was being investigated for overcharging government. Although it was an old issue, as long as it remained unresolved, there could always be surprises. One final note. I don't think taking a 7% loss on every losing trade is ok. If one takes a 7% loss in a string of 5 trades (a finite probability), that's a third of capital lost - too much for any trading method, considering how hard it is to have a 50% return (the amount needed to come back). My understanding of it is that WON didn't intend 7% to be where you place the stop order. Instead it's the maximum allowable loss for a single trade. Usually it should take a screwup to have a 7% loss. If one buys a stock correctly, a 2-3% loss is achievable if the stock fails. Sometimes one can even exit with a small profit if the chart is read correctly. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 21:48:43 EDT --part1_173.de20015.2aa6c07b_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 7:35:47 PM Central Daylight Time, stkguru@bellsouth.net writes: > > Katherine, as late as 1992, I still had access to the big maroon books with > five year, log charts from WON services. In the front of those books was a > 20 or so year chart of his picks vs the major indexes, along with yearly > performance compared to those same indexes. Tom, What I see here is that 10 years ago you saw a 20 year old chart. I don't understand what I'm missing. If the data is good why don't they publish it. It's hard to be told that everyone in the business is bad and the numbers are no good but when I ask a direct question I get "you just got to believe." Again, are you folks pulling my leg? Wyndy --part1_173.de20015.2aa6c07b_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 7:35:47 PM Central Daylight Time, stkguru@bellsouth.net writes:


Katherine, as late as 1992, I still had access to the big maroon books with
five year, log charts from WON services. In the front of those books was a
20 or so year chart of his picks vs the major indexes, along with yearly
performance compared to those same indexes
.

Tom, What I see here is that 10 years ago you  saw a 20 year old chart. I don't understand what I'm missing. If the data is good why don't they publish it. It's hard to be told that everyone in the business is bad and the numbers are no good but when I ask a direct question I get "you just got to believe."

Again, are you folks pulling my leg?

Wyndy



 --part1_173.de20015.2aa6c07b_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 21:00:56 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0062_01C2538C.FFA73430 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0063_01C2538C.FFA73430" ------=_NextPart_001_0063_01C2538C.FFA73430 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Wyndy,=20 I believe my words were that CANSLIM results were based on anecdotal vs. = statistical evidence. As there is no "official list" of the stocks one = should buy or sell at a given point in time, the evidence is anecdotal. = Whether or not somebody else thinks CANSLIM has value has no bearing on = what I do personally. I follow O'Neil's discipline because it's worked = for me and I hang out here because people come here voluntarily to share = ideas which make us better at our chosen style of investing. Katherine If it's numbers you want, here below is a study done by the AAII. Stock Strategy Performance: The Winners and Losers in 2001 By John Bajkowski The Joseph Piotroski screen seeking financially strong low = price-to-book-value stocks was the best-performing strategy in 2001, = while the David Dreman With Estimate Revisions screen was the weakest. = Both screens showed strong reversals from their 2000 performance, = highlighting the danger of blindly investing in the prior year's best = performer.=20 For the last four years we have presented and discussed a new monthly = stock screen on the Stock Screens segment of AAII.com, while = simultaneously tracking the success and updating the results of all the = previous screens. We now have 50 screens that cover the full spectrum of = investment approaches, ranging from small-cap growth to large-cap value. = Some of the approaches attempt to capture the investment philosophy of = famous investors such as Warren Buffett, while other screens explain and = implement basic investing approaches, such as investing in stocks with = low price-to-sales ratios.=20 At the beginning of each month, we run each screen using AAII's Stock = Investor and produce a table of passing companies for each screen, which = is posted on-line. We construct a fresh hypothetical portfolio for each = screen every month. Stocks are purchased in equal dollar amounts at the = start of the month and sold/rebalanced at the end of the month. A stock = is sold if it no longer meets the initial criteria, and new stocks are = added if they qualify. The price gains (dividends excluded) for these = portfolios are tracked. No additional screens are applied in = constructing the portfolios.=20 The performance reflects buying and selling each month at the month-end = closing. The impact of factors such as commissions, bid-ask spread, = dividends, and time-slippage (time between the initial decision to buy a = stock and the actual purchase) are ignored. While this makes the = reported performance unachievable, in a best-case scenario, all = approaches are subject to the same conditions and procedures. However, = higher turnover portfolios would typically benefit from our simplified = rules. The goal of tracking the performance of the screens is to help = gain an understanding of how each approach reacts in different market = conditions, and to gain a feel for their characteristics.=20 Even with over four years of performance tracking under our belt, it is = early to determine if any approach has special characteristics that will = make it a top performer over the long haul. But, we have had the = opportunity to observe the reaction of the screens during bull and bear = markets.=20 Winners and Losers As 2001 is drawing to a close, the S&P 500 may show back-to-back = calendar-year losses-the first such event since 1973 and 1974. As = revealed in Table 1, most of the indexes show negative returns through = December 14. Only the S&P SmallCap 600 index shows a positive rate of = return through December 14. Just as in 2000, small-cap stocks generally = outperformed large-cap issues. The technology-heavy Nasdaq 100 lost = almost a third of its value in 2001 after losing 36.8% in 2000.=20 "Cap" refers to market capitalization, which is determined by = multiplying the number of shares outstanding by the market price. The = S&P 500 is a popular benchmark for stock market performance, but it only = covers the largest companies traded on U.S. exchanges. The S&P MidCap = 400 measures mid-sized firms while the S&P SmallCap 600 tracks small-cap = companies.=20 The other matrix that is normally used to segment stocks is the growth = versus value style. Value approaches seek stocks that are priced cheaply = relative to tangible variables such as earnings, book value, or sales. = Growth approaches seek stocks with rapidly expanding earnings, with = little regard to the stock price.=20 The screening approaches listed in Table 1 are grouped by growth versus = value approach. The table shows the price change from January 1, 2000, = through December 14, 2001, along with the gains or losses during 2000, = 1999 and 1998. The Total Gain columns do not include dividends. Higher = yield large-cap value strategies such as the Dogs of the Dow would be = affected the most by excluding dividends.=20 The Joseph Piotroski screen seeking financially strong = low-price-to-book-value stocks was the best performing strategy in 2001, = with a gain of 87.3% after showing a 0.9% loss in 2000. The David Dreman = With Estimate Revisions screen was the weakest performer in 2001, with a = 35.0% loss after gaining 38.7% in 2000. The screen seeks out larger = stocks with low price-earnings ratios that have had recent upward = earnings revisions. Most of the losses for the screen came in September = and October, with very few passing stocks (one in September, three in = October). These strong reversals highlight the dangers of investing in = last year's best-performing market segment without first appraising its = ability to continue its strong performance. So far, the growth-oriented = screen that follows the William O'Neil CANSLIM approach has shown some = of the most consistently strong performance gains: 53.5%, 38.0%, 36.6%, = and 28.2% over the last four years. The Martin Zwieg screen is the other = long-term standout, with a four-year gain of 299.7%.=20 Risk When measuring performance, the risk of the strategy should be = considered. The Monthly Variability columns report the greatest monthly = gain and loss as an indication of the volatility that has occurred over = the last four years. For example, the most that the Martin Zwieg = approach gained in a single month was 32.7%, while the most that it lost = in a single month was 24.2%. By way of comparison, the most that the S&P = 500 index gained in a single month was 9.7%, while its largest single = monthly loss was 14.6%.=20 The Monthly Variability columns also report the monthly standard = deviation over the full study period. Standard deviation is a measure of = total risk, expressed as a monthly change. It indicates the degree of = variation in return experienced by a strategy relative to its average = over the test period. The higher the standard deviation, the greater the = total risk of the strategy. The Graham Defensive Investor (Utility) = screen has the lowest monthly standard deviation figure of 4.7%, while = the Richard Driehaus approach exhibited the highest monthly standard = deviation of 15.3% over the same four-year period.=20 Turnover Rates The Monthly Holdings columns provide data on portfolio holdings over = time-the average number of stocks that were in each portfolio over the = last four years along with the average holdover percentage from month to = month. The Dogs of the Dow Low Priced Five approach always has five = stocks in the portfolio, but the Geraldine Weiss Blue Chip Dividend = Yield approach averaged 11 passing stocks with as many as 25 stocks for = a given month, and no passing stocks at the end of November 2001. The % = Holdover column gives an indication of the turnover for a given = strategy. The higher the percentage holdover, the more often companies = stay in a portfolio from month to month. As a general rule, approaches = that focus on value tend to have less portfolio turnover than the pure = growth approaches, and they tend to be less volatile and outperform = other approaches during bear markets. However, value approaches can fall = behind other approaches, particularly in the strongest portion of a bull = market.=20 Portfolio Characteristics Table 2 presents the characteristics of the stocks that passed the = screens in each approach at the end of November.=20 The current price-earnings ratio (price divided by trailing 12-month = earnings per share) for this group of screens ranges from 3.8 for the = value-oriented Fundamental Rule of Thumb screen to 53.1 for the Richard = Driehaus approach.=20 Both the historical and estimated growth rates of earnings follow the = predictable script. The more growth-oriented approaches typically have = higher historical and expected earnings growth rates, while the value = approaches tend to have lower growth rates.=20 Market capitalization is provided as a gauge for the size of firms = passing each screen. Strategies such as the Dogs of the Dow and = O'Shaughnessy Value are clearly invested in the large-cap segment. = Fundamental Rule of Thumb, Graham Enterprising Investor, Low Price/Book, = Peter Lynch, Stock Market Winners, and the Shadow Stocks are at the = other end of the spectrum, with low market caps.=20 The relative strength index is calculated against the performance of the = S&P 500. Stocks with performance equal to the S&P 500 over the last 52 = weeks have a relative strength index of zero. Negative numbers indicate = underperformance, while positive numbers indicate outperformance.=20 For details on how the screens were constructed and to follow their = performance over time, go to the Stock Screens area of AAII.com.=20 Conclusion As you look at the performance of the screens, do not simply follow the = strategies that have the highest performance. Instead, try to understand = the forces that affect their performance. Here are some important = questions to ask that will help you evaluate any series of screens that = seek to capture an investment approach:=20 a.. How is the portfolio reacting relative to the current market = environment? If it is deviating substantially, what is the cause of that = deviation-is it the particular stock picks, or it is perhaps = overconcentration in a particular sector that is a result of the = particular set of screens you have chosen?=20 b.. Are the portfolio's characteristics more similar to a value-based = or growth-based approach? That may give you a better idea of how the = portfolio is likely to behave.=20 c.. Are the screens actually capturing the kinds of companies you want = to invest in based on your chosen investment approach? Also, are the = screens producing any unintentional biases?=20 d.. What is the proper benchmark to measure the performance of your = portfolio? It is important to look at the characteristics of your = portfolio (market capitalization, industry concentration, growth vs. = value) to properly select a benchmark.=20 e.. How frequently do your screens cause your portfolio to = substantially change?=20 Most importantly, remember that screening is just a first step in = investing. There are qualitative elements that cannot be captured = effectively by a quantitative screening process.=20 John Bajkowski is AAII's vice president of financial analysis and editor = of Computerized Investing.=20 More articles by John Bajkowski=20 =A9 AAII Journal January 2002, Volume XXIV, No. 1=20 Table 1. Performance of Stock Screens on AAII's Web Site=20 Strategy Value Total Gain (%) Monthly Variability (%) Monthly Holdings =20 2001* 2000 1999 1998 Cumulative Std. Dev. High Low Avg. % Holdover = Cash Rich 11.9 40.5 37.1 -3.8 107.4 8.0 17.6 -20.7 37 74%=20 David Dreman 21.6 38 -3.0 -1.5 60.2 5.6 12.6 -15.4 20 67%=20 David Dreman with Est Revisons -35.0 38.7 6.7 10.7 6.5 7.7 11.4 = -25.8 7 21%=20 Dogs of the Dow -3.4 4.1 5.7 9.8 16.7 5.9 16.1 -13.1 10 92%=20 Dogs of the Dow (Low Priced 5) 4.9 3.2 -2.0 24.6 32.2 6.7 19.1 = -14.0 5 82%=20 Low Price-to-Free-Cash-Flow 55.4 17.8 10 2.6 106.6 6.6 25.1 -14.4 = 30 75%=20 Fundamental Rule of Thumb 31.1 28.7 11.7 -9.4 70.7 8.6 33.8 -19.2 = 50 75%=20 Graham-Defensive Investor (Non-Utility) 52.7 12.0 3.6 9.6 94.0 6.6 = 15.7 -14.6 24 83%=20 Graham-Enterpising Investor 47.9 24.2 -5.0 -7.3 61.8 6.9 23.4 = -18.7 8 68%=20 Josef Lakonishok -2.4 36.7 14.8 7.3 64.3 6.5 16.6 -13.7 16 9%=20 John Neff 57.8 37.3 17.4 9.3 178.1 8.2 26.8 -20.2 19 65%=20 O'Shaughnessy-Value 7.8 22.3 -3.9 7.2 35.8 6.3 15.5 -14.0 50 78%=20 Joseph Piotroski 87.3 -0.9 27.1 17.9 178.1 8.7 25.7 -17.2 8 79%=20 Low Price/Book 42.7 -22.7 31.1 -3.4 39.7 10.1 50.2 -18.4 nmf nmf=20 P/E Relative 11.7 20.3 -6.0 26.5 59.8 5.0 13.3 -12.4 27 19%=20 Geraldine Weiss Blue Chip Div. Yield* 25.6 18.8 3.9 3.3 60.2 6.2 = 14.3 -13.1 11 72%=20 Growth & Value=20 Buffettology-EPS Growth 21.5 5.9 17.7 4.0 57.6 7.0 15.0 -20.4 39 = 88%=20 Buffettology-Sustainable Growth 24.0 3.3 14.6 7.4 57.6 7.4 16.5 = -18.0 25 85%=20 Philip Fisher 61.7 -16.7 5.4 2.6 45.7 10.6 25.6 -26.7 42 69%=20 Peter Lynch 35.1 3.2 8.9 1.3 53.7 5.1 16.4 -17.4 28 77%=20 Oberweis Octagon 11.8 18.4 33.4 15.6 104.1 9.7 23.3 -23.2 23 59%=20 O'Shaughnessy-Growth 13.7 11.5 19.5 19.4 80.7 6.6 13.9 -17.9 50 = 61%=20 Low Price-to-Sales 37.3 23.3 21.1 13.2 132.1 6.4 14.8 -17.8 44 57% = T. Rowe Price 4.7 35.2 -4.5 1.8 37.7 7.0 13.3 -18.0 19 67%=20 John Templeton 12.8 20.3 8.1 16.2 70.6 6.7 14.3 -18.2 29 73%=20 Stock Market Winners 36.9 27.6 21.7 -12.0 87.1 6.7 17.5 -16.7 15 = 36%=20 Value on the Move (PEG with Est Growth) 28.4 22.9 11 2.1 78.9 6.8 = 15.7 -23.1 61 51%=20 Value on the Move (PEG With Hist Growth) 17.5 19.4 18 1.5 68 5.4 = 12.7 -19.1 131 63%=20 Ralph Wanger 12.7 -2.8 3.2 -2.4 10.3 7.9 22.8 -19.8 31 71%=20 Martin Zweig 51.2 46.2 17.1 54.5 299.7 10.1 32.7 -24.2 13 53%=20 Growth=20 Richard Driehaus -31.7 -8.3 107.4 0 29.7 15.3 51.3 -25.7 10 30%=20 Inve$tWare Quality Growth II 5.3 18.5 -3.0 14.5 38.7 6.7 18.2 = -22.0 35 89%=20 William O'Neil's CANSLIM 53.5 38 36.6 28.2 271 8.3 23.6 -23.1 11 = 45%=20 Sector/Specialty=20 ADRs -7.1 9.9 4 2.3 8.6 7.5 31.1 -17.7 15 58%=20 DRPs 27.2 13.1 4.4 -4.3 43.7 6.2 18.4 -13.6 29 76%=20 Dual Cash Flow 19.9 5.7 114.3 0.9 174 8.8 34.7 -16.2 39 68%=20 Est Rev Down 20.8 -7.1 21.9 -15.0 16.2 8.2 17.6 -23.3 221 23%=20 Est Rev Down 5% 21.2 -4.2 27.8 -3.9 42.6 9.4 23.6 -23.2 70 11%=20 Est Rev Up -5.8 2.2 38.2 29.9 72.8 7.4 12.2 -18.6 155 18%=20 Est Rev Up 5% -13.1 3.6 107.1 43.3 167 11.1 30.8 -21.7 38 8%=20 Graham-Defensive Investor (Utility) 0.8 51.4 -8.4 14.6 60.2 4.7 12 = -7.3 18 83%=20 Insider Net Purchases 16.4 -38.3 7.5 0 -22.7 10.7 26.7 -19.0 25 = 65%=20 Michael Murphy Technology 24.6 -52.1 139.7 29.7 85.5 15 44.7 -27.8 = 19 78%=20 Strong ROE 12.2 31.4 1 18.8 76.9 6.8 13 -22.2 34 82%=20 Short % Outstanding 4 -31.7 -26.9 0 -48.0 13.9 33.3 -24.1 25 82%=20 Short Interest Change 5.4 -51.8 111.1 0 7.2 14.7 34.1 -27.4 25 24% = Short Ratio 14 -40.9 2.2 0 -31.1 10 37.8 -24.5 25 53%=20 Shadow Stocks 25.2 -10.5 16.8 -4.3 25.1 6.4 22.2 -17.4 nmf nmf=20 Shadow Stocks-Growth Screen 68.5 -6.2 0.7 -8.8 45.2 6.9 18.6 -18.3 = 10 56%=20 Shadow Stocks-Value Screen 5.8 -13.5 4.8 -11.9 -15.5 6.9 23.4 = -17.8 16 77%=20 Indexes=20 DJ 30 -9.0 -6.2 25.2 16.1 24.1 5.3 10.2 -15.1 =20 S&P 500 -14.9 -10.1 19.5 26.7 15.7 5.3 9.7 -14.6 =20 S&P/Barra 500 Growth (incl. dividends) -12.9** -22.1 28.3 42.1 = 23.8 6.3 9.2 -13.0 =20 S&P/Barra 500 Value (incl. divs.) -13.0** 6.1 12.7 14.7 19.3 5.2 = 10.4 -16.1 =20 S&P MidCap 400 -4.8 16.2 13.3 17.7 47.5 6.3 12.0 -18.7 =20 S&P SmallCap 600 1.4 11.0 11.5 -2.1 22.9 6.4 13.3 -19.4 =20 Nasdaq 100 -31.4 -36.8 102.0 85.5 62.2 13.0 25.0 -27.5 =20 Unless otherwise stated, figures do not include dividends or = transactions costs. *Through 12/14/2001 **Through 11/30/2001=20 Table 2. Portfolio Characteristics of Stock Screens=20 Strategy Value P/E Ratio (X) P/E to EPS Est. Growth (X) Hist. EPS Growth = (%) Estimated Long-Term EPS Growth (%) Market Cap. ($ Million) 52-Week = Relative Strength (%)=20 Cash Rich 17.9 1.3 19.9 20.0 280.3 10.0=20 David Dreman 11.6 1.3 8.7 9.4 2131.3 15.0=20 David Dreman with Est Revisons 10.6 0.7 15.3 13.9 3200.9 22.0=20 Dogs of the Dow 18.6 1.9 4.7 9.3 36532.0 14.0=20 Dogs of the Dow (Low Priced 5) 18.6 1.6 11.1 9.8 74421.2 -16.0=20 Low Price-to-Free-Cash-Flow 9.6 0.9 5.3 12.5 231.5 23.5=20 Fundamental Rule of Thumb 3.8 0.6 32.3 18.3 62.3 14.0=20 Graham-Defensive Investor (Non-Utility) 13.2 1.1 14.2 14.0 409.1 = 35.0=20 Graham-Enterpising Investor 5.4 na 16.4 na 39.0 32.5=20 Josef Lakonishok 30.1 1.5 14.8 11.1 2664.5 3.0=20 John Neff 7.8 0.6 17.6 14.0 796.3 5.0=20 O'Shaughnessy-Value 16.8 1.6 7.6 9.4 9243.1 17.0=20 Joseph Piotroski 8.2 0.7 2.1 15.8 101.0 5.0=20 Low Price/Book 10.1 0.8 -16.9 15.5 22.4 -29.0=20 P/E Relative 13.2 1.0 13.6 12.5 2555.3 26.5=20 Geraldine Weiss Blue Chip Div. Yield* 12.8 1.3 22.9 10.0 355.8 = 64.0=20 Growth & Value=20 Buffettology-EPS Growth 18.6 1.4 30.2 17.1 2072.5 30.0=20 Buffettology-Sustainable Growth 15.1 1.2 30.5 17.1 1447.7 14.0=20 Philip Fisher 8.8 0.5 36.2 20.0 129.0 5.0=20 Peter Lynch 7.1 0.7 30.6 15.3 36.6 15.5=20 Oberweis Octagon 14.7 0.8 19.9 19.7 204.9 91.0=20 O'Shaughnessy-Growth 19.1 1.1 1.9 17.0 313.7 269.0=20 Low Price-to-Sales 15.0 1.4 -3.3 14.5 185.0 39.5=20 Stock Market Winners 12.8 1.0 18.4 11.0 62.8 73.0=20 T. Rowe Price 9.2 0.6 39.8 15.1 685.5 54.0=20 John Templeton 10.5 0.8 24.3 14.6 1853.7 18.5=20 Value on the Move (PEG With Est Growth) 13.0 0.8 28.2 16.0 419.2 = 86.0=20 Value on the Move (PEG With Hist Growth) 12.7 1.0 21.6 15.4 141.9 = 71.5=20 Ralph Wanger 19.6 1.1 38.3 22.3 332.0 65.0=20 Martin Zweig 18.1 0.8 18.9 16.0 1364.8 113.5=20 Growth=20 Richard Driehaus 53.1 1.4 -20.0 32.9 541.8 6.0=20 Inve$tWare Quality Growth II 34.3 1.5 28.6 22.5 2901.2 42.0=20 William O'Neil's CANSLIM 11.6 1.1 36.7 19.7 305.2 99.0=20 Sector/Specialty=20 ADRs 15.4 1.7 31.2 12.5 6472.1 -4.0=20 DRPs 18.8 1.6 15.0 11.5 2606.0 11.0=20 Dual Cash Flow 17.2 1.3 2.3 16.4 130.8 37.0=20 Est Rev Down 18.3 1.4 11.4 14.3 1435.2 8.0=20 Est Rev Down 5% 21.1 1.3 5.8 16.7 785.1 -7.0=20 Est Rev Up 23.4 1.4 12.4 16.5 1426.7 41.5=20 Est Rev Up 5% 22.6 1.9 5.2 17.4 1346.3 86.0=20 Graham-Defensive Investor (Utility) 12.0 1.7 5.8 6.8 2122.0 5.0=20 Insider Net Purchases 14.7 0.8 -8.0 21.0 156.7 8.0=20 Michael Murphy Technology 10.2 2.4 32.2 24.3 281.0 -37.0=20 Strong ROE 21.0 1.1 32.0 18.8 869.7 60.0=20 Short % Outstanding 16.1 0.8 26.9 22.5 406.9 22.0=20 Short Interest Change 22.1 1.8 7.0 17.5 197.3 51.0=20 Short Ratio 16.9 0.6 -16.7 12.8 167.6 8.0=20 Shadow Stocks 19.1 1.0 13.8 20.5 71.1 18.0=20 Shadow Stocks-Growth Screen 18.0 0.5 43.3 26.8 280.0 39.5=20 Shadow Stocks-Value Screen 8.4 0.6 36.3 18.8 63.1 19.0=20 All Exchange-Listed Stocks 16.4 1.4 5.9 16.3 166.6 14.0=20 Data as of 11/30/2001. *Data as of 11/2/2001.=20 =A9 AAII Journal January 2002, Volume XXIV, No. 1=20 ----- Original Message -----=20 From: Cwyndham@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, September 03, 2002 7:43 PM Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 6:37:33 PM Central Daylight Time, = kmalm@earthlink.net writes: Hi Wyndy, My comment about chucking CANSLIM was tongue-in-cheek. You can't = measure a system unless there are firm recommendations and/or = nonsubjective components for entry/exit.* CANSLIM is not about telling = you specifically which stocks you should and shouldn't buy, it doesn't = recommend stocks---it's a process of investing long in fundamentally = sound high-growth stocks using an intermediate term entry/exit strategy = based on technicals. It's a long strategy intended for uptrending = markets rather than an "all weather" strategy. If I understand what you are saying, CANSLIM is based on faith and not = facts. Do you have any "beef" to share? What can I expect to yield based = on your knowledge not what you read somewhere? Thank you, Wyndy =20 ------=_NextPart_001_0063_01C2538C.FFA73430 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Wyndy,
 
I believe my words were that CANSLIM results were based on = anecdotal=20 vs. statistical evidence. As there is no "official list" of the stocks = one=20 should buy or sell at a given point in time,  the evidence is=20 anecdotal.  Whether or not somebody else thinks CANSLIM has value = has no=20 bearing on what I do personally. I follow O'Neil's discipline = because it's=20 worked for me and I hang out here because people come here voluntarily = to share=20 ideas which make us better at our chosen style of investing.
 
Katherine
 
If it's numbers you want, here below is a study done by the = AAII.
 
Stock Strategy Performance: The = Winners and=20 Losers in 2001
By John=20 Bajkowski
 
The Joseph Piotroski screen seeking = financially strong=20 low price-to-book-value stocks was the best-performing strategy in 2001, = while=20 the David Dreman With Estimate Revisions screen was the weakest. Both = screens=20 showed strong reversals from their 2000 performance, highlighting the = danger of=20 blindly investing in the prior year=92s best performer. =

For the last four years we have presented = and=20 discussed a new monthly stock screen on the Stock Screens segment = of=20 AAII.com, while simultaneously tracking the success and updating the = results of=20 all the previous screens. We now have 50 screens that cover the full = spectrum of=20 investment approaches, ranging from small-cap growth to large-cap value. = Some of=20 the approaches attempt to capture the investment philosophy of famous = investors=20 such as Warren=20 Buffett, while other screens explain and implement basic investing=20 approaches, such as investing in stocks with low price-to-sales ratios.=20

At the beginning of each month, we run each screen using AAII=92s = Stock = Investor and=20 produce a table of passing companies for each screen, which is posted = on-line.=20 We construct a fresh hypothetical portfolio for each screen every month. = Stocks=20 are purchased in equal dollar amounts at the start of the month and=20 sold/rebalanced at the end of the month. A stock is sold if it no longer = meets=20 the initial criteria, and new stocks are added if they qualify. The = price gains=20 (dividends excluded) for these portfolios are tracked. No additional = screens are=20 applied in constructing the portfolios.=20

The performance reflects buying and selling each month at the = month-end=20 closing. The impact of factors such as commissions, bid-ask spread, = dividends,=20 and time-slippage (time between the initial decision to buy a stock and = the=20 actual purchase) are ignored. While this makes the reported performance=20 unachievable, in a best-case scenario, all approaches are subject to the = same=20 conditions and procedures. However, higher turnover portfolios would = typically=20 benefit from our simplified rules. The goal of tracking the performance = of the=20 screens is to help gain an understanding of how each approach reacts in=20 different market conditions, and to gain a feel for their = characteristics.=20

Even with over four years of performance tracking under our belt, it = is early=20 to determine if any approach has special characteristics that will make = it a top=20 performer over the long haul. But, we have had the opportunity to = observe the=20 reaction of the screens during bull and bear markets.

Winners and Losers

As 2001 is drawing to a close, the S&P 500 may show back-to-back=20 calendar-year losses=97the first such event since 1973 and 1974. As = revealed in Tabl= e 1,=20 most of the indexes show negative returns through December 14. Only the = S&P=20 SmallCap 600 index shows a positive rate of return through December 14. = Just as=20 in 2000, small-cap stocks generally outperformed large-cap issues. The=20 technology-heavy Nasdaq 100 lost almost a third of its value in 2001 = after=20 losing 36.8% in 2000.

=93Cap=94 refers to market capitalization, which is determined by = multiplying the=20 number of shares outstanding by the market price. The S&P 500 is a = popular=20 benchmark for stock market performance, but it only covers the largest = companies=20 traded on U.S. exchanges. The S&P MidCap 400 measures mid-sized = firms while=20 the S&P SmallCap 600 tracks small-cap companies.=20

The other matrix that is normally used to segment stocks is the = growth versus=20 value style. Value approaches seek stocks that are priced cheaply = relative to=20 tangible variables such as earnings, book value, or sales. Growth = approaches=20 seek stocks with rapidly expanding earnings, with little regard to the = stock=20 price.=20

The screening approaches listed in Tabl= e 1=20 are grouped by growth versus value approach. The table shows the price = change=20 from January 1, 2000, through December 14, 2001, along with the gains or = losses=20 during 2000, 1999 and 1998. The Total Gain columns do not include = dividends.=20 Higher yield large-cap value strategies such as the Dogs of the = Dow=20 would be affected the most by excluding dividends.=20

The Joseph= =20 Piotroski screen seeking financially strong low-price-to-book-value = stocks=20 was the best performing strategy in 2001, with a gain of 87.3% after = showing a=20 0.9% loss in 2000. The David = Dreman With=20 Estimate Revisions screen was the weakest performer in 2001, with a = 35.0%=20 loss after gaining 38.7% in 2000. The screen seeks out larger stocks = with low=20 price-earnings ratios that have had recent upward earnings revisions. = Most of=20 the losses for the screen came in September and October, with very few = passing=20 stocks (one in September, three in October). These strong reversals = highlight=20 the dangers of investing in last year=92s best-performing market segment = without=20 first appraising its ability to continue its strong performance. So far, = the=20 growth-oriented screen that follows the William = O=92Neil=20 CANSLIM approach has shown some of the most consistently strong = performance=20 gains: 53.5%, 38.0%, 36.6%, and 28.2% over the last four years. The Martin = Zwieg=20 screen is the other long-term standout, with a four-year gain of 299.7%. =

Risk

When=20 measuring performance, the risk of the strategy should be considered. = The=20 Monthly Variability columns report the greatest monthly gain and loss as = an=20 indication of the volatility that has occurred over the last four years. = For=20 example, the most that the Martin = Zwieg=20 approach gained in a single month was 32.7%, while the most that it lost = in a=20 single month was 24.2%. By way of comparison, the most that the S&P = 500=20 index gained in a single month was 9.7%, while its largest single = monthly loss=20 was 14.6%.

The Monthly Variability columns also report the monthly standard = deviation=20 over the full study period. Standard deviation is a measure of total = risk,=20 expressed as a monthly change. It indicates the degree of variation in = return=20 experienced by a strategy relative to its average over the test period. = The=20 higher the standard deviation, the greater the total risk of the = strategy. The=20 Graham=20 Defensive Investor (Utility) screen has the lowest monthly standard=20 deviation figure of 4.7%, while the Richar= d=20 Driehaus approach exhibited the highest monthly standard deviation = of 15.3%=20 over the same four-year period.

Turnover Rates

The Monthly Holdings columns provide data on portfolio holdings = over=20 time=97the average number of stocks that were in each portfolio over the = last four=20 years along with the average holdover percentage from month to month. = The Dogs of the = Dow Low=20 Priced Five approach always has five stocks in the portfolio, but = the Geraldine = Weiss=20 Blue Chip Dividend Yield approach averaged 11 passing stocks with as = many as=20 25 stocks for a given month, and no passing stocks at the end of = November 2001.=20 The % Holdover column gives an indication of the turnover for a given = strategy.=20 The higher the percentage holdover, the more often companies stay in a = portfolio=20 from month to month. As a general rule, approaches that focus on value = tend to=20 have less portfolio turnover than the pure growth approaches, and they = tend to=20 be less volatile and outperform other approaches during bear markets. = However,=20 value approaches can fall behind other approaches, particularly in the = strongest=20 portion of a bull market.
 

Portfolio Characteristics

Tabl= e=20 2 presents the characteristics of the stocks that passed the screens = in each=20 approach at the end of November.

The current price-earnings ratio (price divided by trailing 12-month = earnings=20 per share) for this group of screens ranges from 3.8 for the = value-oriented Funda= mental=20 Rule of Thumb screen to 53.1 for the Richar= d=20 Driehaus approach.=20

Both the historical and estimated growth rates of earnings follow the = predictable script. The more growth-oriented approaches typically have = higher=20 historical and expected earnings growth rates, while the value = approaches tend=20 to have lower growth rates.=20

Market capitalization is provided as a gauge for the size of firms = passing=20 each screen. Strategies such as the Dogs of the = Dow=20 and O=92Shaugh= nessy=20 Value are clearly invested in the large-cap segment. Funda= mental=20 Rule of Thumb, Graham=20 Enterprising Investor, Low=20 Price/Book, Peter = Lynch, Stock = Market=20 Winners, and the Shadow = Stocks=20 are at the other end of the spectrum, with low market caps.=20

The relative strength index is calculated against the performance of = the=20 S&P 500. Stocks with performance equal to the S&P 500 over the = last 52=20 weeks have a relative strength index of zero. Negative numbers indicate=20 underperformance, while positive numbers indicate outperformance.=20

For details on how the screens were constructed and to follow their=20 performance over time, go to the Stock Screens area of = AAII.com.

Conclusion

As you look at the performance of the screens, do not simply follow = the=20 strategies that have the highest performance. Instead, try to understand = the=20 forces that affect their performance. Here are some important questions = to ask=20 that will help you evaluate any series of screens that seek to capture = an=20 investment approach:

  • How is the portfolio reacting relative to the current market = environment?=20 If it is deviating substantially, what is the cause of that = deviation=97is it=20 the particular stock picks, or it is perhaps overconcentration in a = particular=20 sector that is a result of the particular set of screens you have = chosen?=20

  • Are the portfolio=92s characteristics more similar to a = value-based or=20 growth-based approach? That may give you a better idea of how the = portfolio is=20 likely to behave.=20

  • Are the screens actually capturing the kinds of companies you want = to=20 invest in based on your chosen investment approach? Also, are the = screens=20 producing any unintentional biases?=20

  • What is the proper benchmark to measure the performance of your = portfolio?=20 It is important to look at the characteristics of your portfolio = (market=20 capitalization, industry concentration, growth vs. value) to properly = select a=20 benchmark.=20

  • How frequently do your screens cause your portfolio to = substantially=20 change?

Most importantly, remember that screening is just a first step in = investing.=20 There are qualitative elements that cannot be captured effectively by a=20 quantitative screening process.=20


John Bajkowski is = AAII=92s vice=20 president of financial analysis and editor of Computerized = Investing.=20
More articles by John Bajkowski=20


=A9 AAII Journal January 2002, = Volume XXIV, No.=20 1

Table 1. = Performance=20 of Stock Screens on AAII=92s Web Site
Strategy
Value		 Total Gain = (%) Monthly Variability (%)=20 Monthly Holdings =
2001* 2000 1999 1998 Cumulative Std. Dev. High Low Avg. % Holdover
Cash=20 Rich 11.9 40.5 37.1 =963.8 107.4 8.0 17.6 =9620.7 37 74%
David=20 Dreman 21.6 38 =963.0 =961.5 60.2 5.6 12.6 =9615.4 20 67%
David=20 Dreman with Est Revisons =9635.0 38.7 6.7 10.7 6.5 7.7 11.4 =9625.8 7 21%
Dogs = of the=20 Dow =963.4 4.1 5.7 9.8 16.7 5.9 16.1 =9613.1 10 92%
Dogs = of the Dow=20 (Low Priced 5) 4.9 3.2 =962.0 24.6 32.2 6.7 19.1 =9614.0 5 82%
Low=20 Price-to-Free-Cash-Flow 55.4 17.8 10 2.6 106.6 6.6 25.1 =9614.4 30 75%
Funda= mental=20 Rule of Thumb 31.1 28.7 11.7 =969.4 70.7 8.6 33.8 =9619.2 50 75%
Graham=97= Defensive=20 Investor (Non-Utility) 52.7 12.0 3.6 9.6 94.0 6.6 15.7 =9614.6 24 83%
Graham=97= Enterpising=20 Investor 47.9 24.2 =965.0 =967.3 61.8 6.9 23.4 =9618.7 8 68%
Josef= =20 Lakonishok =962.4 36.7 14.8 7.3 64.3 6.5 16.6 =9613.7 16 9%
John = Neff 57.8 37.3 17.4 9.3 178.1 8.2 26.8 =9620.2 19 65%
O=92Shaugh= nessy=97Value 7.8 22.3 =963.9 7.2 35.8 6.3 15.5 =9614.0 50 78%
Joseph= =20 Piotroski 87.3 =960.9 27.1 17.9 178.1 8.7 25.7 =9617.2 8 79%
Low=20 Price/Book 42.7 =9622.7 31.1 =963.4 39.7 10.1 50.2 =9618.4 nmf nmf
P/E=20 Relative 11.7 20.3 =966.0 26.5 59.8 5.0 13.3 =9612.4 27 19%
Geraldine = Weiss Blue Chip Div. Yield* 25.6 18.8 3.9 3.3 60.2 6.2 14.3 =9613.1 11 72%
Growth &=20 Value
Buffettol= ogy=97EPS=20 Growth 21.5 5.9 17.7 4.0 57.6 7.0 15.0 =9620.4 39 88%
Buffettol= ogy=97Sustainable=20 Growth 24.0 3.3 14.6 7.4 57.6 7.4 16.5 =9618.0 25 85%
Philip=20 Fisher 61.7 =9616.7 5.4 2.6 45.7 10.6 25.6 =9626.7 42 69%
Peter=20 Lynch 35.1 3.2 8.9 1.3 53.7 5.1 16.4 =9617.4 28 77%
Oberwei= s=20 Octagon 11.8 18.4 33.4 15.6 104.1 9.7 23.3 =9623.2 23 59%
O=92Shaugh= nessy=97Growth 13.7 11.5 19.5 19.4 80.7 6.6 13.9 =9617.9 50 61%
Low= =20 Price-to-Sales 37.3 23.3 21.1 13.2 132.1 6.4 14.8 =9617.8 44 57%
T. = Rowe=20 Price 4.7 35.2 =964.5 1.8 37.7 7.0 13.3 =9618.0 19 67%
John=20 Templeton 12.8 20.3 8.1 16.2 70.6 6.7 14.3 =9618.2 29 73%
Stock=20 Market Winners 36.9 27.6 21.7 =9612.0 87.1 6.7 17.5 =9616.7 15 36%
Value on = the=20 Move (PEG with Est Growth) 28.4 22.9 11 2.1 78.9 6.8 15.7 =9623.1 61 51%
Value on = the=20 Move (PEG With Hist Growth) 17.5 19.4 18 1.5 68 5.4 12.7 =9619.1 131 63%
Ralph=20 Wanger 12.7 =962.8 3.2 =962.4 10.3 7.9 22.8 =9619.8 31 71%
Martin=20 Zweig 51.2 46.2 17.1 54.5 299.7 10.1 32.7 =9624.2 13 53%
Growth
Richar= d=20 Driehaus =9631.7 =968.3 107.4 0 29.7 15.3 51.3 =9625.7 10 30%
Inve$tWare = Quality Growth II 5.3 18.5 =963.0 14.5 38.7 6.7 18.2 =9622.0 35 89%
William = O=92Neil=92s CANSLIM 53.5 38 36.6 28.2 271 8.3 23.6 =9623.1 11 45%
Sector/Specialty
ADRs =967.1 9.9 4 2.3 8.6 7.5 31.1 =9617.7 15 58%
DRPs 27.2 13.1 4.4 =964.3 43.7 6.2 18.4 =9613.6 29 76%
Dual = Cash=20 Flow 19.9 5.7 114.3 0.9 174 8.8 34.7 =9616.2 39 68%
Est = Rev=20 Down 20.8 =967.1 21.9 =9615.0 16.2 8.2 17.6 =9623.3 221 23%
Est = Rev=20 Down 5% 21.2 =964.2 27.8 =963.9 42.6 9.4 23.6 =9623.2 70 11%
Est = Rev=20 Up =965.8 2.2 38.2 29.9 72.8 7.4 12.2 =9618.6 155 18%
Est = Rev Up=20 5% =9613.1 3.6 107.1 43.3 167 11.1 30.8 =9621.7 38 8%
Graham=97= Defensive=20 Investor (Utility) 0.8 51.4 =968.4 14.6 60.2 4.7 12 =967.3 18 83%
Inside= r=20 Net Purchases 16.4 =9638.3 7.5 0 =9622.7 10.7 26.7 =9619.0 25 65%
Michael=20 Murphy Technology 24.6 =9652.1 139.7 29.7 85.5 15 44.7 =9627.8 19 78%
Strong=20 ROE 12.2 31.4 1 18.8 76.9 6.8 13 =9622.2 34 82%
Short %=20 Outstanding 4 =9631.7 =9626.9 0 =9648.0 13.9 33.3 =9624.1 25 82%
Short=20 Interest Change 5.4 =9651.8 111.1 0 7.2 14.7 34.1 =9627.4 25 24%
Short=20 Ratio 14 =9640.9 2.2 0 =9631.1 10 37.8 =9624.5 25 53%
Shadow=20 Stocks 25.2 =9610.5 16.8 =964.3 25.1 6.4 22.2 =9617.4 nmf nmf
Shadow=20 Stocks=97Growth Screen 68.5 =966.2 0.7 =968.8 45.2 6.9 18.6 =9618.3 10 56%
Shadow=20 Stocks=97Value Screen 5.8 =9613.5 4.8 =9611.9 =9615.5 6.9 23.4 =9617.8 16 77%
Indexes
DJ 30 =969.0 =966.2 25.2 16.1 24.1 5.3 10.2 =9615.1    
S&P 500 =9614.9 =9610.1 19.5 26.7 15.7 5.3 9.7 =9614.6    
S&P/Barra 500 Growth (incl. dividends) =9612.9** =9622.1 28.3 42.1 23.8 6.3 9.2 =9613.0    
S&P/Barra 500 Value (incl. divs.) =9613.0** 6.1 12.7 14.7 19.3 5.2 10.4 =9616.1    
S&P MidCap 400 =964.8 16.2 13.3 17.7 47.5 6.3 12.0 =9618.7    
S&P SmallCap 600 1.4 11.0 11.5 =962.1 22.9 6.4 13.3 =9619.4    
Nasdaq 100 =9631.4 =9636.8 102.0 85.5 62.2 13.0 25.0 =9627.5    
Unless otherwise stated, = figures do not=20 include dividends or transactions costs.
*Through=20 12/14/2001
**Through = 11/30/2001
 
Table 2. = Portfolio=20 Characteristics of Stock Screens
Strategy
Value 		P/E Ratio (X) P/E to EPS Est. Growth = (X) Hist. EPS Growth (%) Estimated Long-Term EPS Growth=20 (%) Market Cap. ($ Million) 52-Week Relative Strength = (%)
Cash=20 Rich 17.9 1.3 19.9 20.0 280.3 10.0
David=20 Dreman 11.6 1.3 8.7 9.4 2131.3 15.0
David=20 Dreman with Est Revisons 10.6 0.7 15.3 13.9 3200.9 22.0
Dogs = of the=20 Dow 18.6 1.9 4.7 9.3 36532.0 14.0
Dogs = of the Dow=20 (Low Priced 5) 18.6 1.6 11.1 9.8 74421.2 =9616.0
Low=20 Price-to-Free-Cash-Flow 9.6 0.9 5.3 12.5 231.5 23.5
Funda= mental=20 Rule of Thumb 3.8 0.6 32.3 18.3 62.3 14.0
Graham=97= Defensive=20 Investor (Non-Utility) 13.2 1.1 14.2 14.0 409.1 35.0
Graham=97= Enterpising=20 Investor 5.4 na 16.4 na 39.0 32.5
Josef= =20 Lakonishok 30.1 1.5 14.8 11.1 2664.5 3.0
John = Neff 7.8 0.6 17.6 14.0 796.3 5.0
O=92Shaugh= nessy=97Value 16.8 1.6 7.6 9.4 9243.1 17.0
Joseph= =20 Piotroski 8.2 0.7 2.1 15.8 101.0 5.0
Low=20 Price/Book 10.1 0.8 =9616.9 15.5 22.4 =9629.0
P/E=20 Relative 13.2 1.0 13.6 12.5 2555.3 26.5
Geraldine = Weiss Blue Chip Div. Yield* 12.8 1.3 22.9 10.0 355.8 64.0
Growth = &=20 Value
Buffettol= ogy=97EPS=20 Growth 18.6 1.4 30.2 17.1 2072.5 30.0
Buffettol= ogy=97Sustainable=20 Growth 15.1 1.2 30.5 17.1 1447.7 14.0
Philip=20 Fisher 8.8 0.5 36.2 20.0 129.0 5.0
Peter=20 Lynch 7.1 0.7 30.6 15.3 36.6 15.5
Oberwei= s=20 Octagon 14.7 0.8 19.9 19.7 204.9 91.0
O=92Shaugh= nessy=97Growth 19.1 1.1 1.9 17.0 313.7 269.0
Low= =20 Price-to-Sales 15.0 1.4 =963.3 14.5 185.0 39.5
Stock=20 Market Winners 12.8 1.0 18.4 11.0 62.8 73.0
T. = Rowe=20 Price 9.2 0.6 39.8 15.1 685.5 54.0
John=20 Templeton 10.5 0.8 24.3 14.6 1853.7 18.5
Value on = the=20 Move (PEG With Est Growth) 13.0 0.8 28.2 16.0 419.2 86.0
Value on = the=20 Move (PEG With Hist Growth) 12.7 1.0 21.6 15.4 141.9 71.5
Ralph=20 Wanger 19.6 1.1 38.3 22.3 332.0 65.0
Martin=20 Zweig 18.1 0.8 18.9 16.0 1364.8 113.5
Growth
Richar= d=20 Driehaus 53.1 1.4 =9620.0 32.9 541.8 6.0
Inve$tWare = Quality Growth II 34.3 1.5 28.6 22.5 2901.2 42.0
William = O=92Neil=92s CANSLIM 11.6 1.1 36.7 19.7 305.2 99.0
Sector/Specialty
ADRs 15.4 1.7 31.2 12.5 6472.1 =964.0
DRPs 18.8 1.6 15.0 11.5 2606.0 11.0
Dual = Cash=20 Flow 17.2 1.3 2.3 16.4 130.8 37.0
Est = Rev=20 Down 18.3 1.4 11.4 14.3 1435.2 8.0
Est = Rev=20 Down 5% 21.1 1.3 5.8 16.7 785.1 =967.0
Est = Rev=20 Up 23.4 1.4 12.4 16.5 1426.7 41.5
Est = Rev Up=20 5% 22.6 1.9 5.2 17.4 1346.3 86.0
Graham=97= Defensive=20 Investor (Utility) 12.0 1.7 5.8 6.8 2122.0 5.0
Inside= r=20 Net Purchases 14.7 0.8 =968.0 21.0 156.7 8.0
Michael=20 Murphy Technology 10.2 2.4 32.2 24.3 281.0 =9637.0
Strong=20 ROE 21.0 1.1 32.0 18.8 869.7 60.0
Short %=20 Outstanding 16.1 0.8 26.9 22.5 406.9 22.0
Short=20 Interest Change 22.1 1.8 7.0 17.5 197.3 51.0
Short=20 Ratio 16.9 0.6 =9616.7 12.8 167.6 8.0
Shadow=20 Stocks 19.1 1.0 13.8 20.5 71.1 18.0
Shadow=20 Stocks=97Growth Screen 18.0 0.5 43.3 26.8 280.0 39.5
Shadow=20 Stocks=97Value Screen 8.4 0.6 36.3 18.8 63.1 19.0
All Exchange-Listed=20 Stocks 16.4 1.4 5.9 16.3 166.6 14.0
Data as of 11/30/2001. *Data as = of=20 11/2/2001.

=A9 AAII Journal January 2002, Volume = XXIV, No.=20 1

----- Original Message -----
From:=20 Cwyndham@aol.com=20
Sent: Tuesday, September 03, = 2002 7:43=20 PM
Subject: Re: [CANSLIM] Why = Professionals=20 go astray

In a message dated 9/3/2002 6:37:33 PM Central = Daylight=20 Time, kmalm@earthlink.net=20 writes:


Hi Wyndy,

My comment about chucking CANSLIM was=20 tongue-in-cheek. You can't measure a system unless there are firm=20 recommendations and/or nonsubjective components for entry/exit.* = CANSLIM is=20 not about telling you specifically which stocks you should and = shouldn't=20 buy, it doesn't recommend stocks---it's a process of investing long = in=20 fundamentally sound high-growth stocks using an intermediate term = entry/exit=20 strategy based on technicals. It's a long strategy intended for = uptrending=20 markets rather than an "all weather" = strategy.


If I understand what you are saying, CANSLIM is = based on=20 faith and not facts. Do you have any "beef" to share? What can I = expect to=20 yield based on your knowledge not what you read = somewhere?

Thank=20 you,
Wyndy 



------=_NextPart_001_0063_01C2538C.FFA73430-- ------=_NextPart_000_0062_01C2538C.FFA73430 Content-Type: image/gif; name="checkmark.gif" Content-Transfer-Encoding: base64 Content-Location: http://aaii.com/images/checkmark.gif R0lGODlhDwAPALP/AP///wgICCEhIUpKSnNzc4yMjLW1tQAAAMDAwAAAAAAAAAAAAAAAAAAAAAAA AAAAACH5BAEAAAgALAAAAAAPAA8AQAQuEMlJqxXB2I3KEddxZFwpFRo3HIU1BG0AmgZq3jhxDHRA lh6eSUdQjYi9Q5ETAQA7 ------=_NextPart_000_0062_01C2538C.FFA73430-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 22:06:30 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0111_01C25396.285F76E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Wyndy, I won't tell you to believe or not, that's your choice. All I am = saying is that 10 years ago, when I was receiving institutional services = from WON, along with faxed picks, the performance data existed. Since I = no longer enjoy those services, I don't know if they are available to = any clients of WON, or not, but suspect they are. Maybe you should write IBD/DGO (whichever service you take) and ask them = to provide some performance data, and see what they say. Why don't they advertise the performance of WON, and his picks? Probably = for the same reasons they eventually got away from having small retail = oriented brokerage firms as institutional clients, too many brokers = never bothered to learn the philosophy of CANSLIM, rather were just = salesmen promising returns and guarantees they could not deliver because = they didn't know what they were really doing. Yet it was WON that got = the complaints from the clients of the firm, not the broker that was = poorly using the tools available to him. Dealing strictly with institutional investors with live picks and = similar data is far safer, you are dealing with professionals, and if = they abuse the data provided they have no one to blame but themselves. ----- Original Message -----=20 Sent: Tuesday, September 03, 2002 9:48 PM In a message dated 9/3/2002 7:35:47 PM Central Daylight Time, = stkguru@bellsouth.net writes: Katherine, as late as 1992, I still had access to the big maroon books = with five year, log charts from WON services. In the front of those books = was a 20 or so year chart of his picks vs the major indexes, along with = yearly performance compared to those same indexes . Tom, What I see here is that 10 years ago you saw a 20 year old chart. = I don't understand what I'm missing. If the data is good why don't they = publish it. It's hard to be told that everyone in the business is bad = and the numbers are no good but when I ask a direct question I get "you = just got to believe." Again, are you folks pulling my leg? Wyndy ------=_NextPart_000_0111_01C25396.285F76E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Wyndy, I won't tell you to believe or not, = that's your=20 choice. All I am saying is that 10 years ago, when I was receiving = institutional=20 services from WON, along with faxed picks, the performance data existed. = Since I=20 no longer enjoy those services, I don't know if they are available to = any=20 clients of WON, or not, but suspect they are.
 
Maybe you should write IBD/DGO (whichever = service you=20 take) and ask them to provide some performance data, and see what they=20 say.
 
Why don't they advertise the performance of WON, = and his=20 picks? Probably for the same reasons they eventually got away from = having small=20 retail oriented brokerage firms as institutional clients, too many = brokers never=20 bothered to learn the philosophy of CANSLIM, rather were just salesmen = promising=20 returns and guarantees they could not deliver because they didn't know = what they=20 were really doing. Yet it was WON that got the complaints from the = clients of=20 the firm, not the broker that was poorly using the tools available to=20 him.
 
Dealing strictly with institutional investors = with live=20 picks and similar data is far safer, you are dealing with professionals, = and if=20 they abuse the data provided they have no one to blame but=20 themselves.
 
----- Original Message -----=20
From: Cwyndham@aol.com=20
Sent: Tuesday, September 03, 2002 9:48 PM
Subject: Re: [CANSLIM] Why Professionals go = astray

In a message dated 9/3/2002 7:35:47 PM Central = Daylight Time,=20 stkguru@bellsouth.net = writes:


Katherine, as late as 1992, I still had access to the = big=20 maroon books with
five year, log charts from WON services. In the = front of=20 those books was a
20 or so year chart of his picks vs the major = indexes,=20 along with yearly
performance compared to those same=20 indexes.

Tom, What I see here is that 10 years ago you  = saw a 20=20 year old chart. I don't understand what I'm missing. If the data is good = why=20 don't they publish it. It's hard to be told that everyone in the = business is bad=20 and the numbers are no good but when I ask a direct question I get "you = just got=20 to believe."

Again, are you folks pulling my=20 leg?

Wyndy



 ------=_NextPart_000_0111_01C25396.285F76E0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: RE: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 21:23:58 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0040_01C25390.3771DC00 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Over 40 years ago, I started on the Street to become a security analyst. Fortunately, I had some great mentors and teachers as well as a bible, "Graham & Dodd's Security Analysis." Needless to say, I am still learning . . . Katherine has a unique insight into the market and what makes it tick. And Tom is not pulling your leg! Take the time to learn by going to the archives and studying. To be a successful investor takes patience, discipline, research, and sometimes, luck. O'Neil's books are very good and complement my fundamental Security Analysis bible. Every year, I try to read all of WON's books as well as other books on investing. Results of any investing philosophy including CANSLIM can vary widely between individuals because they are subject to different moods, interpretations of data, risk/reward tolerances, and sometimes, just plain luck! If you have $75,000 per quarter to spend (I think that is what the cost of those analytical studies were), you might be still able to get the maroon books that Tom mentioned. Tom's position that WON's results beat the indices is correct and often by a large margin. For years, WON and others including myself have used CANSLIM along with other filters to invest in the market. All I will say is that we ain't broke yet! And in both WON's and my case, we started with very little. CANSLIM is just a foundation upon which some investors build their investing history, using what is good, throwing away those aspects that don't seem compatible with your individual investing style, and adopting portions of investing techniques from others. One of the keys to CANSLIM is that if you followed the rules, you would have found it extremely difficult to find stocks to invest in during the past two years and might have gotten out of the market entirely. As I travel around and listen to investors, the last two years have not been particularly easy on their pocketbooks. Here's wishing you success! -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Cwyndham@aol.com Sent: Tuesday, September 03, 2002 8:49 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 7:35:47 PM Central Daylight Time, stkguru@bellsouth.net writes: Katherine, as late as 1992, I still had access to the big maroon books with five year, log charts from WON services. In the front of those books was a 20 or so year chart of his picks vs the major indexes, along with yearly performance compared to those same indexes . Tom, What I see here is that 10 years ago you saw a 20 year old chart. I don't understand what I'm missing. If the data is good why don't they publish it. It's hard to be told that everyone in the business is bad and the numbers are no good but when I ask a direct question I get "you just got to believe." Again, are you folks pulling my leg? Wyndy ------=_NextPart_000_0040_01C25390.3771DC00 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Over=20 40 years ago, I started on the Street to become a security=20 analyst.  Fortunately, I had some great mentors and teachers = as well=20 as a bible, "Graham & Dodd's Security Analysis." Needless to = say, I am=20 still learning . . . Katherine has a unique insight into the market and = what=20 makes it tick.
 
 And Tom is not pulling your leg!  Take the time to learn = by going to=20 the archives and studying.  To be a successful investor takes = patience,=20 discipline, research, and sometimes, luck.  O'Neil's books are very = good=20 and complement my fundamental Security Analysis bible.  = Every=20 year, I try to read all of WON's books as well as other books on=20 investing. 
 
Results of any investing philosophy including CANSLIM can vary = widely=20 between individuals because they are subject to different moods, = interpretations=20 of data, risk/reward tolerances, and sometimes, just plain=20 luck!
 
If you=20 have $75,000 per quarter to spend (I think that is what the cost of = those=20 analytical studies were), you might be still able to get the maroon = books that=20 Tom mentioned.  Tom's position that WON's results beat the indices = is=20 correct and often by a large margin.
 
For=20 years, WON and others including myself have used CANSLIM along with = other=20 filters to invest in the market.  All I will say is that we ain't = broke=20 yet! And in both WON's and my case, we started = with very=20 little.
 
CANSLIM is just a foundation upon which some = investors build their=20 investing history, using what is good, throwing away those aspects that = don't=20 seem compatible with your individual investing style, and adopting = portions of=20 investing techniques from others.
 
One of=20 the keys to CANSLIM is that if you followed the rules, you would have = found it=20 extremely difficult to find stocks to invest in during the past two = years and=20 might have gotten out of the market entirely.  As I travel around = and=20 listen to investors, the last two years have not been particularly easy = on their=20 pocketbooks.
 
Here's=20 wishing you success!
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Cwyndham@aol.com
Sent: Tuesday, September 03, 2002 8:49=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Why Professionals go astray

In a=20 message dated 9/3/2002 7:35:47 PM Central Daylight Time, = stkguru@bellsouth.net=20 writes:


Katherine, as late as 1992, I still had access to = the big=20 maroon books with
five year, log charts from WON services. In the = front=20 of those books was a
20 or so year chart of his picks vs the = major=20 indexes, along with yearly
performance compared to those same=20 indexes
.

Tom, What I see here is that 10 years ago = you  saw a=20 20 year old chart. I don't understand what I'm missing. If the data is = good=20 why don't they publish it. It's hard to be told that everyone in the = business=20 is bad and the numbers are no good but when I ask a direct question I = get "you=20 just got to believe."

Again, are you folks pulling my=20 leg?

Wyndy



 ------=_NextPart_000_0040_01C25390.3771DC00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 22:46:40 EDT --part1_1a8.7c9fd8c.2aa6ce10_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 9:23:24 PM Central Daylight Time, ffradrich@attbi.com writes: > Over 40 years ago, I started on the Street to become a security analyst. > Fortunately, I had some great mentors and teachers as well as a bible, > "Graham & Dodd's Security Analysis." Needless to say, I am still learning . > . . Katherine has a unique insight into the market and what makes it tick. > Thank you. I don't know Katherine is she a trader. Have you seen her performance in order to know that her results are good? I sent a registered letter to IBD earlier today and have asked them for their performance data. OH! The AAII data is not CANSLIM traded. They don't buy or sell according to chart formations/patterns/breakouts/volume/handles/cups/saucers or anything else. I have been an AAII member for 3 years, go check the way they trade. Hope no one uses their CANSLIM data to substantiate the use of CANSLIM. Wyndy --part1_1a8.7c9fd8c.2aa6ce10_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 9:23:24 PM Central Daylight Time, ffradrich@attbi.com writes:


Over 40 years ago, I started on the Street to become a security analyst.  Fortunately, I had some great mentors and teachers as well as a bible, "Graham & Dodd's Security Analysis." Needless to say, I am still learning . . . Katherine has a unique insight into the market and what makes it tick.


Thank you. I don't know Katherine is she a trader. Have you seen her performance in order to know that her results are good? I sent a registered letter to IBD earlier today and have asked them for their performance data.

OH! The AAII data is not CANSLIM traded. They don't buy or sell according to chart formations/patterns/breakouts/volume/handles/cups/saucers or anything else. I have been an AAII member for 3 years, go check the way they trade. Hope no one uses their CANSLIM data to substantiate the use of CANSLIM.

Wyndy --part1_1a8.7c9fd8c.2aa6ce10_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: James Bond Subject: Re: [CANSLIM] Off-topic: Tech signal alerts Date: 03 Sep 2002 19:47:34 -0700 (PDT) The website I use to screen for chart patterns is stockcharts.com. It won't send you alerts but a daily scan is good for me. The free version can only scan for a number of predefined chart patterns. The subscription version allows you to scan for any pattern defined by user based on a number of technical indicators. However, I found it to be a challenge to write a search algorithm for CwH charts using the indicators they provide - the one I wrote was close enough for me, but it often also came up with a few nonsensical charts. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 22:56:15 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0191_01C2539D.1B7A5C90 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Wyndy, I will be interested in the response to your registered letter, = assuming there is one. Maybe your critical attitude will elicit an = answer. Frankly, you do not seem interested in learning, much less = applying, CANSLIM. So I am not sure what your agenda is in being here, = since this is a board dedicated to CANSLIM users, followers, students, = etc. Perhaps you could introduce yourself and tell us a little of what = you hope to gain from participation? ----- Original Message -----=20 Sent: Tuesday, September 03, 2002 10:46 PM In a message dated 9/3/2002 9:23:24 PM Central Daylight Time, = ffradrich@attbi.com writes: Over 40 years ago, I started on the Street to become a security = analyst. Fortunately, I had some great mentors and teachers as well as = a bible, "Graham & Dodd's Security Analysis." Needless to say, I am = still learning . . . Katherine has a unique insight into the market and = what makes it tick. Thank you. I don't know Katherine is she a trader. Have you seen her = performance in order to know that her results are good? I sent a = registered letter to IBD earlier today and have asked them for their = performance data.=20 OH! The AAII data is not CANSLIM traded. They don't buy or sell = according to chart = formations/patterns/breakouts/volume/handles/cups/saucers or anything = else. I have been an AAII member for 3 years, go check the way they = trade. Hope no one uses their CANSLIM data to substantiate the use of = CANSLIM. Wyndy=20 ------=_NextPart_000_0191_01C2539D.1B7A5C90 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Wyndy, I will be interested in the response to = your=20 registered letter, assuming there is one. Maybe your critical attitude = will=20 elicit an answer. Frankly, you do not seem interested in learning, much = less=20 applying, CANSLIM. So I am not sure what your agenda is in being here, = since=20 this is a board dedicated to CANSLIM users, followers, students, etc. = Perhaps=20 you could introduce yourself and tell us a little of what you hope to = gain from=20 participation?
 
----- Original Message -----=20
From: Cwyndham@aol.com=20
Sent: Tuesday, September 03, 2002 10:46 PM
Subject: Re: [CANSLIM] Why Professionals go = astray

In a message dated 9/3/2002 9:23:24 PM Central = Daylight Time,=20 ffradrich@attbi.com=20 writes:


 Over 40 years ago, I started on the Street to become a = security=20 analyst.  Fortunately, I had some great mentors and teachers as = well as a=20 bible, "Graham & Dodd's Security Analysis." Needless to say, I am = still=20 learning . . . Katherine has a unique insight into the market and what = makes=20 it tick.


Thank you. I don't know Katherine is she a = trader. Have=20 you seen her performance in order to know that her results are good? I = sent a=20 registered letter to IBD earlier today and have asked them for their = performance=20 data.

OH! The AAII data is not CANSLIM traded. They don't buy or = sell=20 according to chart = formations/patterns/breakouts/volume/handles/cups/saucers or=20 anything else. I have been an AAII member for 3 years, go check the way = they=20 trade. Hope no one uses their CANSLIM data to substantiate the use of=20 CANSLIM.

Wyndy ------=_NextPart_000_0191_01C2539D.1B7A5C90-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 20:16:49 -0700 (PDT) Wyndy I do not understand the point you are trying to make. You seems to doubt that CANSLIM is working and want to see results. AAII made rules to try to simulate CANSLIM. This is maybe not 100% CANSLIM, but is a good mechanicl approach to CANSLIM. The fact that it doens use the chart patterns should make it even more impressive. If they were to use the results from the screen and filtered out the ones which doesn't mathc the chart patterns, results probably would have been better. But you do not want to believe the results based on strict and consistent rules. Yet you are looking for backtested results based on subjective interpretations based on chart formations. One person will see a cup with handle and another one won't. You cannot easily put chart formations in a mechanical screen. What will you learn from results from IBD, or anyone one else which based their trading on a CANSLIM approach based in their own interpretations? Their will be no way for you to repeat their results exactly. The bottom line is that CANSLIM is not a mechanical screen. It is an investment method. As such there is no one way you can produce historical results. Just like you get Growth investing and Value investing. Within each one, you get many different approaches. You have to find the method working the best for you. After reading HTMMIS you have to decide for yourself if it make sense for you and if you are comfortable with it. If you don't, then don't use it. It is as simple as that. No one here have to prove to you that CANSLIM work. It work for me and I am happy with it and if it doesn't work for you and you don't like it, well frankly, I don't care. I will answer questions you have about the methodology if I can, but I am not going to provide you my broker statements, or any kind of prove. - Fanus --- Cwyndham@aol.com wrote: > In a message dated 9/3/2002 9:23:24 PM Central > Daylight Time, > ffradrich@attbi.com writes: > > > > Over 40 years ago, I started on the Street to > become a security analyst. > > Fortunately, I had some great mentors and teachers > as well as a bible, > > "Graham & Dodd's Security Analysis." Needless to > say, I am still learning . > > . . Katherine has a unique insight into the market > and what makes it tick. > > > > Thank you. I don't know Katherine is she a trader. > Have you seen her > performance in order to know that her results are > good? I sent a registered > letter to IBD earlier today and have asked them for > their performance data. > > OH! The AAII data is not CANSLIM traded. They don't > buy or sell according to > chart > formations/patterns/breakouts/volume/handles/cups/saucers > or anything > else. I have been an AAII member for 3 years, go > check the way they trade. > Hope no one uses their CANSLIM data to substantiate > the use of CANSLIM. > > Wyndy > __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Solarno" Subject: RE: [CANSLIM] Off-topic: Tech signal alerts Date: 04 Sep 2002 00:00:08 -0400 Thanks, James. I'm aware of stockcharts.com and several other services which allow you to run screens for various technical indicators (my favorite is Stock Watch Pro from Cron Technologies) - but all of these require the user to sign on and run the screens. What I'm looking for is the ability to actually get an email alert when a technical indicator has been triggered. For example, Yahoo lets you set up a list of stocks, with high limits and low limits, and then sends you an email when those price limits have been exceeded. However, what I'm hoping to find is one that will send out an email when an MACD histogram, for example, has just turned positive. Or perhaps I might like to receive an email when the 13-day moving average has crossed above the 50-day. That type of alert seems more valuable to me than a raw price alert. I found one the other day called "tbots" (http://www.tbots.com) but frankly, it doesn't seem to actually function. It looks like an experimental service that's not quite ready for prime time. Clearstation also sort of shows you when various technical and fundamental events have occurred on your watchlist, but you have to log on to the site to see it - and with the amount of traveling I do, it's not always easy to get full browser Internet access during the day. So what I was hoping was that other members of this board might have run across websites that send out actual pager or email alerts based on technical indicators. John -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of James Bond Sent: Tuesday, September 03, 2002 10:48 PM The website I use to screen for chart patterns is stockcharts.com. It won't send you alerts but a daily scan is good for me. The free version can only scan for a number of predefined chart patterns. The subscription version allows you to scan for any pattern defined by user based on a number of technical indicators. However, I found it to be a challenge to write a search algorithm for CwH charts using the indicators they provide - the one I wrote was close enough for me, but it often also came up with a few nonsensical charts. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Why Professionals go astray Date: 03 Sep 2002 22:04:29 -0600 CANSLIM gets you into growth stocks that fit a certain model. Since the application of the CANSLIM principles is subject to some interpretation, there are a number of variables in stock selection, also position entry and exit, and no one will invest in all stocks meeting canslim criteria, there is going to be no single number you can point to as the return when using CANSLIM. If you are not comfortable with that, you should probably put your money in an index fund, like an S&P index fund, where you are in essence investing in the market, and the long term return of the stock market is pretty well known. On 3 Sep 2002 at 20:43, Cwyndham@aol.com wrote: > If I understand what you are saying, CANSLIM is based on faith and not > facts. Do you have any "beef" to share? What can I expect to yield based on > your knowledge not what you read somewhere? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: RWElmer@aol.com Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 04 Sep 2002 00:14:42 EDT --part1_1a3.7f7fc4a.2aa6e2b2_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit James, Thank you for the detailed analysis of your intraday views of what happened with CSTR and CVH. I have not concentrated as much on the hourly charts lately, as I've been devoting most of my time away from work to my continuing study of CANSLIM. But I think you bring up a very valid perspective that I will reincorporate into my evolving system. Alan Farley brings up 3D graphing in his book The Master Swing Trader. It's basically viewing charts on either side of your chosen time frame. If your usual point of view is daily charts then you supplement this view with weekly and hourly charts to get a better picture of the whole setup. This sounds similar to what your doing and I think it's of excellent value to have brought it up for consideration. Thanks again and Cheers, Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com --part1_1a3.7f7fc4a.2aa6e2b2_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit James,

Thank you for the detailed analysis of your intraday views of what happened with CSTR and CVH. I have not concentrated as much on the hourly charts lately, as I've been devoting most of my time away from work to my continuing study of CANSLIM. But I think you bring up a very valid perspective that I will reincorporate into my evolving system.

Alan Farley brings up 3D graphing in his book The Master Swing Trader. It's basically viewing charts on either side of your chosen time frame. If your usual point of view is daily charts then you supplement this view with weekly and hourly charts to get a better picture of the whole setup. This sounds similar to what your doing and I think it's of excellent value to have brought it up for consideration.

Thanks again and Cheers,

Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com --part1_1a3.7f7fc4a.2aa6e2b2_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 03 Sep 2002 21:29:28 -0700 (PDT) Good post, except one thing. Your calculation assume you risk 7% of your entire equity. The 7% loss is per position, not on your entire equity. Depending on your money management, a 7% loss might only equate to a 1, or 2% loss on your entire equity. So, a string of 5 losses might only put you back between 5 and 10%. - Fanus --- James Bond wrote: > CSTR presents an interesting example of the > importance > of intraday charts. There is no clue of impending > trouble on the daily chart until the stock broke > down. > The intraday chart, however, telegraphed the bad > news > well in advance. > > Like many other people, I too cannot follow the > market > during the day and have to check charts during the > evening. When I have a position open, I check the > chart every night with no exception. > > On Thursday, Aug 22, when this rally was still > advancing, I was surprised that evening to see many > bearish charts among the leading stocks. For > example, > FCN had a deterioting relative strength, CCR made a > new high but its relative strength lagged, DORL > gapped > to a new high but saw no progress in daily price > (distribution), and PIXR had formed an evening star > candlestick pattern. If one or two stocks were > acting > poorly it probably wouldn't have bothered me so > much. > When most of the leading stocks were showing signs > of > weakness the market was in trouble. At that time I > was > long CCR, CSTR, DORL, NUTR, and PIXR. My first > decision was to sell CCR, DORL and PIXR at the open > next morning, and but to keep CSTR and NUTR. > > I changed my mind when I looked at the intraday > chart > for CSTR. On the daily chart, CSTR had formed an > impeccible CwH base, with pp at 31.22. The breakout > was on very good volume, and reached a high of 34.2. > Because of a little overhead resistance (as > mentioned > by others), it was expected to form a second handle > before breaking out to new highs. This was also > noted > by the issue of IBD the day after its breakout. It > consolidated between 32 and 34 the next 5 days, with > nothing extraordinary shown on the daily chart. I > was > several times tempted to add shares when it pulled > to > low 32's but thougt better of it. My plan was to add > to my position when it broke out of the second > handle. > I wasn't even thinking about selling it before I > looked at the intraday chart. > > I was alarmed by the intraday chart. On the intraday > chart, the consolidation between 32 and 34 showed up > as a five day CwH formation, with the appropriate > volume actions (large volume on left and right > sides, > dryups on bottom and in handle). Handle high was > 33.76 > which was the intraday high on Thursday. Everything > was great except for the last hour or so of > Thursday. > Some heavy selling came in and broke the handle > formation (little did I know that the Off Wall > Street > report was issued to its clients on that Thursday). > WON told us that heavy selling in handle was a sign > of > trouble, and a good short can be entered when the > handle low was broken as the volume picked up. Of > course he was refering to daily charts. Intraday > charts work the same way except its validity is much > shorter in duration. If the market were healthy, I > probably would have expected CSTR to pullback and > test > the pp and a decision could be made after the test. > But with the other leading stocks weakening, there > was > no question at that point that CSTR was going to > break > below its pivot point. So I decided to sell it the > next morning along with the others for a small > profit. > > I was kicking myself a few days later when CSTR > barely > dipped below the pp and then rallied past my sell > price. But that lasted only one day. Thank goodness > the intraday chart gave me the only clue there was. > > As far as CVH was concerned, I ruled it out as a buy > candidate early on. There were several issues with > CVH. First was the lack of confirming strength in > the > group - although the group ranking was high, other > stocks in the group either didn't have a proper base > (SIE), or had a wide and loose base (MME). I avoid > groups like this. Second CVH was overowned by > institutions - over 90% of ownership. WON's rule was > less than 50% institutional ownership. Third was a > non-CANSLIM issue: CVH was being investigated for > overcharging government. Although it was an old > issue, > as long as it remained unresolved, there could > always > be surprises. > > One final note. I don't think taking a 7% loss on > every losing trade is ok. If one takes a 7% loss in > a > string of 5 trades (a finite probability), that's a > third of capital lost - too much for any trading > method, considering how hard it is to have a 50% > return (the amount needed to come back). My > understanding of it is that WON didn't intend 7% to > be > where you place the stop order. Instead it's the > maximum allowable loss for a single trade. Usually > it > should take a screwup to have a 7% loss. If one buys > a > stock correctly, a 2-3% loss is achievable if the > stock fails. Sometimes one can even exit with a > small > profit if the chart is read correctly. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Finance - Get real-time stock quotes > http://finance.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] Percent gain-loss (was: CSTR CVH Failed breakouts Post Analysis) Date: 04 Sep 2002 04:40:10 -0400 > Date: Tue, 3 Sep 2002 21:29:28 -0700 (PDT) > From: Fanus > > Good post, except one thing. Your calculation assume > you risk 7% of your entire equity. The 7% loss is per > position, not on your entire equity. Depending on > your money management, a 7% loss might only equate to > a 1, or 2% loss on your entire equity. So, a string of > 5 losses might only put you back between 5 and 10%. And how much is his profit if he doubles his investment? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Hermann Ertl Subject: [CANSLIM] Registered letter (was: Why Professionals go astray) Date: 04 Sep 2002 04:40:10 -0400 > From: "Tom Worley" > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > Wyndy, I will be interested in the response to your > registered letter, assuming there is one. Doubting Tom, how do you know that there is no such a letter? You should show more objectivity. Why didn't you point to the phoniness of the story of the Certified Letter from IBD? That was incredulous. Where was your critical mind? snip > Perhaps you could introduce yourself and tell us a little of How about the aliases of members who suffer from MPD? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Registered letter (was: Why Professionals go astray) Date: 03 Sep 2002 23:29:37 -1000 Hermann, it seems that because of our respective time zones, I am the first to read you emails. I think you are seeking help in the wrong discussion group. Please take the test at this page http://www.4degreez.com/misc/personality_disorder_test.mv and then seek help from those qualified to help you. I hope you get help soon. Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hermann Ertl Sent: Tuesday, September 03, 2002 10:40 PM > From: "Tom Worley" > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > Wyndy, I will be interested in the response to your > registered letter, assuming there is one. Doubting Tom, how do you know that there is no such a letter? You should show more objectivity. Why didn't you point to the phoniness of the story of the Certified Letter from IBD? That was incredulous. Where was your critical mind? snip > Perhaps you could introduce yourself and tell us a little of How about the aliases of members who suffer from MPD? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] Registered letter (was: Why Professionals go astray) Date: 04 Sep 2002 06:41:24 -0500 Hermann, I think Tom was skeptical that IBD will answer the letter rather than Wyndy having sent one. Comes from experience me thinks. Norm ----- Original Message ----- Sent: Wednesday, September 04, 2002 3:40 AM > > From: "Tom Worley" > > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > > > Wyndy, I will be interested in the response to your > > registered letter, assuming there is one. > > > > Doubting Tom, how do you know that there is no such a letter? > > You should show more objectivity. Why didn't you point to the > phoniness of the story of the Certified Letter from IBD? That was > incredulous. Where was your critical mind? > > > > snip > > Perhaps you could introduce yourself and tell us a little of > > > How about the aliases of members who suffer from MPD? > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Registered letter (was: Why Professionals go astray) Date: 04 Sep 2002 08:38:15 -0400 Hermann, I have no idea what your problem is, wouldn't have even seen your stupid post had Norman replied (I do read his posts, yours go straight to the garbage can). Norman is correct, I seriously doubt Wyndy will get an answer, or if she gets one that it will be responsive to her question. Should she get one, I would be genuinely interested in the response. I had no reason to doubt that she sent the letter as she said. I also have no idea what you are talking about regarding "phoniness of the story of the Certified Letter from IBD", I know I personally have been legally served by DGO, and am aware of several other members reporting the same thing either from DGO or IBD. I have no reason to doubt their word, unlike you, they have credibility with me. While most members here appear to use their real name, unlike typical internet behavior, some will still use an alias. I don't know who your gripe about this is directed towards. If it was intended as another barb at me, then I suggest you fly to Miami and examine my driver's license, voter ID, birth certificate or whatever you may believe. You will find the same name on every one, and it's Tom Worley and variations. I do wish you would either just lurk, and learn some manners, or else start contributing to the group in some productive way. Maybe then those of us that have used mail rules to discard your posts might eventually see you differently. ----- Original Message ----- Sent: Wednesday, September 04, 2002 7:41 AM Hermann, I think Tom was skeptical that IBD will answer the letter rather than Wyndy having sent one. Comes from experience me thinks. Norm ----- Original Message ----- Sent: Wednesday, September 04, 2002 3:40 AM > > From: "Tom Worley" > > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > > > Wyndy, I will be interested in the response to your > > registered letter, assuming there is one. > > > > Doubting Tom, how do you know that there is no such a letter? > > You should show more objectivity. Why didn't you point to the > phoniness of the story of the Certified Letter from IBD? That was > incredulous. Where was your critical mind? > > > > snip > > Perhaps you could introduce yourself and tell us a little of > > > How about the aliases of members who suffer from MPD? > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 04 Sep 2002 09:48:23 EDT --part1_113.16ccbedd.2aa76927_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bellsouth.net writes: > > > Wyndy, I will be interested in the response to your registered letter, > assuming there is one. Maybe your critical attitude will elicit an answer > Tom casting doubt on my credibility is juvenile. You have your nerve saying "assuming there is one." I joined this group to get data not hype or insults. --part1_113.16ccbedd.2aa76927_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bellsouth.net writes:


Wyndy, I will be interested in the response to your registered letter, assuming there is one. Maybe your critical attitude will elicit an answer


Tom casting doubt on my credibility is juvenile. You have your nerve saying
"assuming there is one." I joined this group to get data not hype or insults. --part1_113.16ccbedd.2aa76927_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Why Professionals go astray Date: 04 Sep 2002 09:56:07 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0072_01C253F9.49EA7720 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable grow up Wyndy, anyone who knows me, as Norman obviously did, and as I = acknowledged with my earlier response directed at Hermann's asinine = response, no better than yours, already knows that my long association = with WON products makes me doubtful that you will get an on topic = response, if any response at all.=20 Try reading your emails before parroting Hermann, he's no more on target = than you are. I suggest the same thing to you as to Hermann, lurk and learn some = manners, or learn how to productively contribute to this group. If = neither option is satisfactory, then I suggest you find another group to = try and disrupt. You will find that you "get" far more when you are = giving a little, and when you behave in a civil manner. ----- Original Message -----=20 Sent: Wednesday, September 04, 2002 9:48 AM In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, = stkguru@bellsouth.net writes: Wyndy, I will be interested in the response to your registered letter, = assuming there is one. Maybe your critical attitude will elicit an = answer Tom casting doubt on my credibility is juvenile. You have your nerve = saying "assuming there is one." I joined this group to get data not hype or = insults.=20 ------=_NextPart_000_0072_01C253F9.49EA7720 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
grow up Wyndy, anyone who knows me, as Norman = obviously=20 did, and as I acknowledged with my earlier response directed at = Hermann's=20 asinine response, no better than yours, already knows that my long = association=20 with WON products makes me doubtful that you will get an on topic = response, if=20 any response at all.
 
Try reading your emails before parroting = Hermann, he's no=20 more on target than you are.
 
I suggest the same thing to you as to Hermann, = lurk and=20 learn some manners, or learn how to productively contribute to this = group. If=20 neither option is satisfactory, then I suggest you find another group to = try and=20 disrupt. You will find that you "get" far more when you are giving a = little, and=20 when you behave in a civil manner.
 
----- Original Message -----=20
From: Cwyndham@aol.com=20
Sent: Wednesday, September 04, 2002 9:48 AM
Subject: Re: [CANSLIM] Why Professionals go = astray

In a message dated 9/3/2002 9:57:39 PM Central = Daylight Time,=20 stkguru@bellsouth.net = writes:


Wyndy, I will be interested in the response to = your=20 registered letter, assuming there is one. Maybe your critical attitude = will=20 elicit an answer


Tom casting doubt on my = credibility is=20 juvenile. You have your nerve saying
"assuming there is one." I = joined this=20 group to get data not hype or insults. ------=_NextPart_000_0072_01C253F9.49EA7720-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 09:12:34 -0500 This is a multi-part message in MIME format. ------_=_NextPart_001_01C2541D.1D814209 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on = 8/29 and now retreating to make a handle? EPS and Revenue growth have = been strong for the past three qtrs (all though last qtr's EPS was down = by $0.01). Volume looks suspiciously high though both in the bottom of = the cup and now in the handle. Since M has heartburn right now I = wouldn't imagine trading in it (given my level of expertise). Thoughts? =20 Kelly ------_=_NextPart_001_01C2541D.1D814209 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Has=20 MIK created a CwH formation (6/10 - 8/29) hitting its pivot point = on 8/29=20 and now retreating to make a handle? EPS and Revenue growth have been = strong for=20 the past three qtrs (all though last qtr's EPS was down by $0.01). = Volume looks=20 suspiciously high though both in the bottom of the cup and now in = the=20 handle. Since M has heartburn right now I wouldn't imagine trading in it = (given=20 my level of expertise). Thoughts?
 
Kelly
------_=_NextPart_001_01C2541D.1D814209-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: [CANSLIM] Kids, Kids, Kids Date: 04 Sep 2002 09:17:50 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_005A_01C253F3.F1D8A2A0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Don't make me pull over the internet to the side of the road and start smackin' heads. It is obvious that there is frustration all around. There are those investors out there that look at the world empirically and need the "beef" before making a decision. I thought personal attacks were not acceptable here. If you want cantankerous postings, I am sure there are other places to vent on the internet. The great thing about investing is that there really is no single right way. Similar to religion, it's difficult to say Warren Buffets approach is wrong or to tell Tom Baldwin (Bond Trader) that his style is wrong. What it all comes down to is style and comfort. Pick an investment style that is comfortable for you to follow, make it your own, and then follow it in a disciplined manner. If there are those on this post who are lurking and are looking for the "Holy Grail" of investment strategies, you will be disappointed. Buffet is not always right, Baldwin is not always right, but when they are wrong, they don't risk 7% of their entire portfolio on one investment/trade. If you are looking for excitement, go to Vegas. If you are looking for a way to intelligently share ideas about one particular investment methodology, this is the place. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Wednesday, September 04, 2002 8:56 AM grow up Wyndy, anyone who knows me, as Norman obviously did, and as I acknowledged with my earlier response directed at Hermann's asinine response, no better than yours, already knows that my long association with WON products makes me doubtful that you will get an on topic response, if any response at all. Try reading your emails before parroting Hermann, he's no more on target than you are. I suggest the same thing to you as to Hermann, lurk and learn some manners, or learn how to productively contribute to this group. If neither option is satisfactory, then I suggest you find another group to try and disrupt. You will find that you "get" far more when you are giving a little, and when you behave in a civil manner. ----- Original Message ----- Sent: Wednesday, September 04, 2002 9:48 AM In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bellsouth.net writes: Wyndy, I will be interested in the response to your registered letter, assuming there is one. Maybe your critical attitude will elicit an answer Tom casting doubt on my credibility is juvenile. You have your nerve saying "assuming there is one." I joined this group to get data not hype or insults. ------=_NextPart_000_005A_01C253F3.F1D8A2A0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

Don’t make me pull over the = internet to the side of the road and start smackin’ = heads.

 

It is obvious that there is = frustration all around.  There are those investors out there that look at the world = empirically and need the “beef” before making a decision.  I = thought personal attacks were not acceptable here.  If you want = cantankerous postings, I am sure there are other places to vent on the internet.  The = great thing about investing is that there really is no single right way.  = Similar to religion, it’s difficult to say Warren Buffets approach is wrong = or to tell Tom Baldwin (Bond Trader) that his style is wrong.  What it = all comes down to is style and comfort.  Pick an investment style that is comfortable for you to follow, make it your own, and then follow it in a disciplined manner.  If there are those on this post who are = lurking and are looking for the “Holy Grail” of investment strategies, = you will be disappointed.  Buffet is not always right, Baldwin is = not always right, but when they are wrong, they don’t risk 7% of their entire portfolio on one investment/trade.  If you are looking for = excitement, go to Vegas.  If you are looking for a way to intelligently share = ideas about one particular investment methodology, this is the = place.

 

Ed Gjertsen = II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Wednesday, September 04, 2002 8:56 AM
To: canslim@lists.xmission.com<= /span>
Subject: Re: [CANSLIM] = Why Professionals go astray

 

grow up Wyndy, anyone who = knows me, as Norman obviously did, and as I acknowledged with my earlier response directed at Hermann's asinine response, no better than yours, already = knows that my long association with WON products makes me doubtful that you = will get an on topic response, if any response at all.

 

Try reading your emails = before parroting Hermann, he's no more on target than you = are.

 

I suggest the same thing to = you as to Hermann, lurk and learn some manners, or learn how to productively contribute to this group. If neither option is satisfactory, then I = suggest you find another group to try and disrupt. You will find that you = "get" far more when you are giving a little, and when you behave in a civil = manner.

 

----- Original Message = -----

Sent: Wednesday, September 04, 2002 9:48 AM

Subject: Re: [CANSLIM] Why Professionals go astray

 

In = a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bellsouth.net = writes:



Wyndy, I will be interested in the response to your registered letter, = assuming there is one. Maybe your critical attitude will elicit an = answer



Tom casting doubt on my credibility is juvenile. You have your nerve = saying
"assuming there is one." I joined this group to get data not = hype or insults.

------=_NextPart_000_005A_01C253F3.F1D8A2A0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Why Professionals go astray Date: 04 Sep 2002 09:21:38 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0BAF_01C253F4.789DD350 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Wyndy, We don't "hype" on this list because we are not SELLING anything. We are = simply individuals who are sharing ideas. We are under no obligation to = share with you our personal results, nor are we under obligation to = "prove" to you the value of CANSLIM. We have given you our point of view = and I have forwarded data to you in answer to your questions, despite = your offensive and accusatory tone since arriving.=20 I'll remind you of what I said in an earlier post: "What can and has been done is to take a rule-based interpretation of = CANSLIM and then enter/exit only on quantifiable elements. When this is = done, one can measure the performance (and it's quite good, by the way). = However, every time I show a study that did this to someone, they find = some reason to doubt the results. There's just no pleasing some people. = They don't believe it if you *don't* show statistics, and when you *do* = show them statistics, they say that "statistics lie." When I posted the study, this was your reply: "OH! The AAII data is not CANSLIM traded. They don't buy or sell = according to chart = formations/patterns/breakouts/volume/handles/cups/saucers or anything = else. I have been an AAII member for 3 years, go check the way they = trade. Hope no one uses their CANSLIM data to substantiate the use of = CANSLIM." First, several members here have reminded you that there are subjective = entry/exit/selection criteria in CANSLIM. As they are interpretive, you = cannot develop a consistent set of metrics to measure "CANSLIM = performance", just as you can't measure "growth" vs "value" strategies. = The guidelines are simply too broad. You could measure, for example, = Louis Navalier's blue chip growth strategy, or Warren Buffet's long term = value strategy, or Gary B. Smith's trading service strategy. You can = measure your own personal performance based on the specific rules which = you set for yourself based on CANSLIM criteria. What you cannot do is = measure a category of investing styles, other than in the broadest = terms, as was done in the AAII study. You can only meaningfully measure = the performance of an individual. Backtest the heck out of a set of = criteria and/or rules if you wish, measure your own performance if you = wish, but you will not find two individuals practicing CANSLIM who trade = using exactly the same set of rules. Second, there have been statistical = studies done on the success/failure rates of various chart patterns. = Among them, you can read "Encyclopedia of Chart Patterns" by Thomas = Bulkowski. He does not give opinions, but gives statistical results. I = doubt you will find comfort in this study, either, given your reaction = to the AAII study. It sounds like you want numbers, but don't believe = numbers when given. Third and last, it's clear you've already made a = decision as to the value of CANSLIM. If you don't find it useful, then = you have joined the wrong list. Katherine ----- Original Message -----=20 From: Cwyndham@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 04, 2002 8:48 AM Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, = stkguru@bellsouth.net writes: Wyndy, I will be interested in the response to your registered = letter, assuming there is one. Maybe your critical attitude will elicit = an answer Tom casting doubt on my credibility is juvenile. You have your nerve = saying "assuming there is one." I joined this group to get data not hype or = insults.=20 ------=_NextPart_000_0BAF_01C253F4.789DD350 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Wyndy,
 
We don't "hype" on this list because we are not SELLING anything. = We are=20 simply individuals who are sharing ideas. We are under no obligation to = share=20 with you our personal results, nor are we under obligation to "prove" to = you the=20 value of CANSLIM. We have given you our point of view and I have = forwarded data=20 to you in answer to your questions, despite your offensive and = accusatory tone=20 since arriving.
 
I'll remind you of what I said in an earlier post:
"What can and has been done is to take a rule-based interpretation = of=20 CANSLIM and then enter/exit only on quantifiable elements. When this is = done,=20 one can measure the performance (and it's quite good, by the way). = However,=20 every time I show a study that did this to someone, they find some = reason to=20 doubt the results. There's just no pleasing some people. They don't = believe it=20 if you *don't* show statistics, and when you *do* show them statistics, = they say=20 that "statistics lie."
 
When I posted the study, this was your reply:
"OH! The AAII data is not CANSLIM = traded. They=20 don't buy or sell according to chart=20 formations/patterns/breakouts/volume/handles/cups/saucers or anything = else. I=20 have been an AAII member for 3 years, go check the way they trade. Hope = no one=20 uses their CANSLIM data to substantiate the use of = CANSLIM."
 
First, several=20 members here have reminded you that there are subjective = entry/exit/selection=20 criteria in CANSLIM. As they are interpretive, you cannot develop a = consistent=20 set of metrics to measure "CANSLIM performance", just as you can't = measure=20 "growth" vs "value" strategies. The guidelines are simply too broad. You = could=20 measure, for example, Louis Navalier's blue chip growth strategy, or = Warren=20 Buffet's long term value strategy, or Gary B. Smith's trading service = strategy.=20 You can measure your own personal performance based on the specific = rules which=20 you set for yourself based on CANSLIM criteria. What you cannot do is = measure a=20 category of investing styles, other than in the broadest terms, as was = done in=20 the AAII study. You can only meaningfully measure the = performance of an=20 individual. Backtest the heck out of a set of criteria = and/or=20 rules if you wish, measure your own performance if you wish, but you = will not=20 find two individuals practicing CANSLIM who trade using = exactly the=20 same set of rules. Second, there have been statistical studies done on = the=20 success/failure rates of various chart patterns. Among them, you can = read=20 "Encyclopedia of Chart Patterns" by Thomas Bulkowski. He does not give = opinions,=20 but gives statistical results. I=20 doubt you will find comfort in this study, either, given = your=20 reaction to the AAII study. It sounds like you want numbers, but don't = believe=20 numbers when given. Third and last, it's clear you've already made a = decision as=20 to the value of CANSLIM. If you don't find it useful, then you have = joined the=20 wrong list.
 
Katherine
 
----- Original Message -----
From:=20 Cwyndham@aol.com=20
Sent: Wednesday, September 04, = 2002 8:48=20 AM
Subject: Re: [CANSLIM] Why = Professionals=20 go astray

In a message dated 9/3/2002 9:57:39 PM Central = Daylight=20 Time, stkguru@bellsouth.net=20 writes:


Wyndy, I will be interested in the response to = your=20 registered letter, assuming there is one. Maybe your critical = attitude will=20 elicit an answer


Tom casting doubt on my = credibility=20 is juvenile. You have your nerve saying
"assuming there is one." I = joined=20 this group to get data not hype or insults.=20 ------=_NextPart_000_0BAF_01C253F4.789DD350-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Andrew Biederman Subject: [CANSLIM] To: canslim@lists.xmission.com Date: 04 Sep 2002 10:15:06 -0500 This is a multi-part message in MIME format. --Boundary_(ID_O7RzAM2u/pyFDC/Siclu9A) Content-type: text/plain; charset=us-ascii Content-transfer-encoding: 7BIT I feel as though I have wandered into OZ. Isn't it the responsibility of the trader to determine whether CANSLIM works and what stops to use? Anyone who uses a system without knowing its expectancy is trading on faith and deserves to get the results that "luck" gives them. If you don't know your expectancy - shame on you for not doing your homework. It is not the responsibility of IBD or William O'Neill to guarantee the traders results or the accuracy of a method. --Boundary_(ID_O7RzAM2u/pyFDC/Siclu9A) Content-type: text/html; charset=us-ascii Content-transfer-encoding: 7BIT

I feel as though I have wandered into OZ.

 

Isn’t it the responsibility of the trader to determine whether CANSLIM works and what stops to use?

 

Anyone who uses a system without knowing its expectancy is trading on faith and deserves to get the results that “luck” gives them. If you don’t know your expectancy – shame on you for not doing your homework.

It is not the responsibility of IBD or William O’Neill to guarantee the traders results or the accuracy of a method.

 

 

 

--Boundary_(ID_O7RzAM2u/pyFDC/Siclu9A)-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 10:23:49 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0080_01C253FD.28F6CF10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly, I see the b/o from the handle as on 8/29. The pattern presently = appearing to forming I see as a consolidation above the handle. The cup = formation is a little steeper than I prefer, but I see no major flaws = with it at a quick glance. There does not appear to be a capitulation = selloff at the bottom of the cup, but that seems to be pretty common = lately. The rally on 7/29 likewise was not convincing on volume. If the current price dropped back to the handle (approx 41.50) then the = b/o would appear to be failing. ----- Original Message -----=20 Sent: Wednesday, September 04, 2002 10:12 AM Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on = 8/29 and now retreating to make a handle? EPS and Revenue growth have = been strong for the past three qtrs (all though last qtr's EPS was down = by $0.01). Volume looks suspiciously high though both in the bottom of = the cup and now in the handle. Since M has heartburn right now I = wouldn't imagine trading in it (given my level of expertise). Thoughts? Kelly ------=_NextPart_000_0080_01C253FD.28F6CF10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly, I see the b/o from the handle as on 8/29. = The=20 pattern presently appearing to forming I see as a consolidation above = the=20 handle. The cup formation is a little steeper than I prefer, but I see = no major=20 flaws with it at a quick glance. There does not appear to be a = capitulation=20 selloff at the bottom of the cup, but that seems to be pretty common = lately. The=20 rally on 7/29 likewise was not convincing on volume.
 
If the current price dropped back to the handle = (approx=20 41.50) then the b/o would appear to be failing.
 
----- Original Message -----=20
From: Kelly Short
Sent: Wednesday, September 04, 2002 10:12 AM
Subject: [CANSLIM] MIK BO? Academic discussion considering=20 M

Has=20 MIK created a CwH formation (6/10 - 8/29) hitting its pivot point = on 8/29=20 and now retreating to make a handle? EPS and Revenue growth have been = strong for=20 the past three qtrs (all though last qtr's EPS was down by $0.01). = Volume looks=20 suspiciously high though both in the bottom of the cup and now in = the=20 handle. Since M has heartburn right now I wouldn't imagine trading in it = (given=20 my level of expertise). Thoughts?
 
Kelly
------=_NextPart_000_0080_01C253FD.28F6CF10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: [CANSLIM] Re: Performance Date: 04 Sep 2002 09:32:51 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0BC6_01C253F6.09E2BD70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Well said, Andrew. Each individual has the responsibility for developing = their own set of trading rules and then backtesting/papertrading/etc to = develop an expectancy rate. Given that and a monitored performance = check, they can trade with confidence and adjust as needed. CANSLIM is = no different than any other "style"....it's simply a launching pad for = the individual's chosen systematic investing process and performance is = *always* the responsibility of the practitioner. Katherine ----- Original Message -----=20 From: Andrew Biederman=20 Sent: Wednesday, September 04, 2002 10:15 AM Subject: [CANSLIM] To: canslim@lists.xmission.com I feel as though I have wandered into OZ.=20 =20 Isn't it the responsibility of the trader to determine whether CANSLIM = works and what stops to use? =20 Anyone who uses a system without knowing its expectancy is trading on = faith and deserves to get the results that "luck" gives them. If you = don't know your expectancy - shame on you for not doing your homework. It is not the responsibility of IBD or William O'Neill to guarantee = the traders results or the accuracy of a method. =20 =20 =20 ------=_NextPart_000_0BC6_01C253F6.09E2BD70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Well said, Andrew. Each individual has the responsibility for = developing=20 their own set of trading rules and then backtesting/papertrading/etc to = develop=20 an expectancy rate. Given that and a monitored performance check, = they can=20 trade with confidence and adjust as needed. CANSLIM is no different than = any=20 other "style"....it's simply a launching pad for the individual's chosen = systematic investing process and performance is *always* the = responsibility of=20 the practitioner.
 
Katherine
----- Original Message -----
From:=20 Andrew=20 Biederman
Sent: Wednesday, September 04, = 2002 10:15=20 AM
Subject: [CANSLIM] To: canslim@lists.xmission.com=

I feel as though I have = wandered=20 into OZ.

 

Isn=92t it the = responsibility of the=20 trader to determine whether CANSLIM works and what stops to=20 use?

 

Anyone who uses a system = without=20 knowing its expectancy is trading on faith and deserves to get the = results=20 that =93luck=94 gives them. If you don=92t know your expectancy =96 = shame on you for=20 not doing your homework.

It is not the = responsibility of=20 IBD or William O=92Neill to guarantee the traders results or the = accuracy of a=20 method.

 

 

 

------=_NextPart_000_0BC6_01C253F6.09E2BD70-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 09:40:53 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0BD1_01C253F7.29354660 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Kelly, I've marked a chart with my interpretation of MIK's chart. See it at: http://WallStreet-LLC.com/canslim/MIK090402.jpg Katherine ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 04, 2002 9:12 AM Subject: [CANSLIM] MIK BO? Academic discussion considering M Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point = on 8/29 and now retreating to make a handle? EPS and Revenue growth have = been strong for the past three qtrs (all though last qtr's EPS was down = by $0.01). Volume looks suspiciously high though both in the bottom of = the cup and now in the handle. Since M has heartburn right now I = wouldn't imagine trading in it (given my level of expertise). Thoughts? Kelly ------=_NextPart_000_0BD1_01C253F7.29354660 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Kelly,
 
I've marked a chart with my interpretation of MIK's chart. See it = at:
 
http://WallStree= t-LLC.com/canslim/MIK090402.jpg
 
Katherine
----- Original Message -----
From:=20 Kelly Short
Sent: Wednesday, September 04, = 2002 9:12=20 AM
Subject: [CANSLIM] MIK BO? = Academic=20 discussion considering M

Has=20 MIK created a CwH formation (6/10 - 8/29) hitting its pivot point = on 8/29=20 and now retreating to make a handle? EPS and Revenue growth have been = strong=20 for the past three qtrs (all though last qtr's EPS was down by $0.01). = Volume=20 looks suspiciously high though both in the bottom of the cup and = now in=20 the handle. Since M has heartburn right now I wouldn't imagine trading = in it=20 (given my level of expertise). Thoughts?
 
Kelly
------=_NextPart_000_0BD1_01C253F7.29354660-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] Kids, Kids, Kids Date: 04 Sep 2002 07:45:07 -0700 (PDT) --0-390223438-1031150707=:61853 Content-Type: text/plain; charset=us-ascii Thank you . Very well said! "Edward W. Gjertsen II" wrote: Don’t make me pull over the internet to the side of the road and start smackin’ heads. It is obvious that there is frustration all around. There are those investors out there that look at the world empirically and need the “beef” before making a decision. I thought personal attacks were not acceptable here. If you want cantankerous postings, I am sure there are other places to vent on the internet. The great thing about investing is that there really is no single right way. Similar to religion, it’s difficult to say Warren Buffets approach is wrong or to tell Tom Baldwin (Bond Trader) that his style is wrong. What it all comes down to is style and comfort. Pick an investment style that is comfortable for you to follow, make it your own, and then follow it in a disciplined manner. If there are those on this post who are lurking and are looking for the “Holy Grail” of investment strategies, you will be disappointed. Buffet is not always right, Baldwin is not always right, but when they are wrong, they don’t risk 7% of their entire portfolio on one investment/trade. If you are looking for excitement, go to Vegas. If you are looking for a way to intelligently share ideas about one particular investment methodology, this is the place. Ed Gjertsen II ed@macktracks.com -----Original Message----- Sent: Wednesday, September 04, 2002 8:56 AM grow up Wyndy, anyone who knows me, as Norman obviously did, and as I acknowledged with my earlier response directed at Hermann's asinine response, no better than yours, already knows that my long association with WON products makes me doubtful that you will get an on topic response, if any response at all. Try reading your emails before parroting Hermann, he's no more on target than you are. I suggest the same thing to you as to Hermann, lurk and learn some manners, or learn how to productively contribute to this group. If neither option is satisfactory, then I suggest you find another group to try and disrupt. You will find that you "get" far more when you are giving a little, and when you behave in a civil manner. ----- Original Message ----- Sent: Wednesday, September 04, 2002 9:48 AM In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bellsouth.net writes: Wyndy, I will be interested in the response to your registered letter, assuming there is one. Maybe your critical attitude will elicit an answer Tom casting doubt on my credibility is juvenile. You have your nerve saying "assuming there is one." I joined this group to get data not hype or insults. Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes --0-390223438-1031150707=:61853 Content-Type: text/html; charset=us-ascii

Thank you . Very well said!

 "Edward W. Gjertsen II" wrote:

Don’t make me pull over the internet to the side of the road and start smackin’ heads.

 

It is obvious that there is frustration all around.  There are those investors out there that look at the world empirically and need the “beef” before making a decision.  I thought personal attacks were not acceptable here.  If you want cantankerous postings, I am sure there are other places to vent on the internet.  The great thing about investing is that there really is no single right way.  Similar to religion, it’s difficult to say Warren Buffets approach is wrong or to tell Tom Baldwin (Bond Trader) that his style is wrong.  What it all comes down to is style and comfort.  Pick an investment style that is comfortable for you to follow, make it your own, and then follow it in a disciplined manner.  If there are those on this post who are lurking and are looking for the “Holy Grail” of investment strategies, you will be disappointed.  Buffet is not always right, Baldwin is not always right, but when they are wrong, they don’t risk 7% of their entire portfolio on one investment/trade.  If you are looking for excitement, go to Vegas.  If you are looking for a way to intelligently share ideas about one particular investment methodology, this is the place.

 

Ed Gjertsen II

ed@macktracks.com

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Wednesday, September 04, 2002 8:56 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Why Professionals go astray

 

grow up Wyndy, anyone who knows me, as Norman obviously did, and as I acknowledged with my earlier response directed at Hermann's asinine response, no better than yours, already knows that my long association with WON products makes me doubtful that you will get an on topic response, if any response at all.

 

Try reading your emails before parroting Hermann, he's no more on target than you are.

 

I suggest the same thing to you as to Hermann, lurk and learn some manners, or learn how to productively contribute to this group. If neither option is satisfactory, then I suggest you find another group to try and disrupt. You will find that you "get" far more when you are giving a little, and when you behave in a civil manner.

 

----- Original Message -----

Sent: Wednesday, September 04, 2002 9:48 AM

Subject: Re: [CANSLIM] Why Professionals go astray

 

In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bellsouth.net writes:



Wyndy, I will be interested in the response to your registered letter, assuming there is one. Maybe your critical attitude will elicit an answer



Tom casting doubt on my credibility is juvenile. You have your nerve saying
"assuming there is one." I joined this group to get data not hype or insults.


Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes --0-390223438-1031150707=:61853-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] trouble with investors.com Date: 04 Sep 2002 09:37:32 -0500 Anyone else having problems logging on? It was okay earlier today, but now I keep getting told my password is not correct Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] trouble with investors.com Date: 04 Sep 2002 14:49:38 GMT Same here Mike. You would think a company that uses hind sight so effectively could use it to determine why this keeps happening:-( Norm michael_niemotka@baxter.com writes: > Anyone else having problems logging on? It was okay earlier today, but now > I keep getting told my password is not correct > > Mike > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] trouble with investors.com Date: 04 Sep 2002 15:09:21 GMT They must be working on it because the results keep changing when I try to login. Norm Boyd writes: > Same here Mike. You would think a company that uses hind sight so > effectively could use it to determine why this keeps happening:-( > > Norm > > > michael_niemotka@baxter.com writes: > > > Anyone else having problems logging on? It was okay earlier today, but now > > I keep getting told my password is not correct > > > > Mike > > > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 10:27:26 -0500 Katherine, Can you define the "wedging" action you note? Does it mean price increase with a corresponding volume decrease over a number of days? Thanks Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M ission.com 09/04/2002 09:40 AM Please respond to canslim Hi Kelly, I've marked a chart with my interpretation of MIK's chart. See it at: http://WallStreet-LLC.com/canslim/MIK090402.jpg Katherine ----- Original Message ----- From: Kelly Short To: canslim@lists.xmission.com Sent: Wednesday, September 04, 2002 9:12 AM Subject: [CANSLIM] MIK BO? Academic discussion considering M Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on 8/29 and now retreating to make a handle? EPS and Revenue growth have been strong for the past three qtrs (all though last qtr's EPS was down by $0.01). Volume looks suspiciously high though both in the bottom of the cup and now in the handle. Since M has heartburn right now I wouldn't imagine trading in it (given my level of expertise). Thoughts? Kelly - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Maria McAdams" Subject: [CANSLIM] Trouble with investors.com Date: 04 Sep 2002 10:46:00 -0500 All I get is "We are sorry, but we are temporarily unable to allow subscribers to log in for premium access. Please check back soon. Investors.com Wednesday, September 4, 2002 " - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Re: Performance Date: 04 Sep 2002 10:49:16 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0021_01C25400.B6F6B570 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, also well said. Andrew, anyone that wanders into CANSLIM, = doesn't really know its expectancy. Just like any product, one should = ask proven results-if any. Investing in the stock market, using any = system, is very risky-especially during these times. David ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 04, 2002 9:32 AM Subject: [CANSLIM] Re: Performance Well said, Andrew. Each individual has the responsibility for = developing their own set of trading rules and then = backtesting/papertrading/etc to develop an expectancy rate. Given that = and a monitored performance check, they can trade with confidence and = adjust as needed. CANSLIM is no different than any other "style"....it's = simply a launching pad for the individual's chosen systematic investing = process and performance is *always* the responsibility of the = practitioner. Katherine ----- Original Message -----=20 From: Andrew Biederman=20 Sent: Wednesday, September 04, 2002 10:15 AM Subject: [CANSLIM] To: canslim@lists.xmission.com I feel as though I have wandered into OZ.=20 =20 Isn't it the responsibility of the trader to determine whether = CANSLIM works and what stops to use? =20 Anyone who uses a system without knowing its expectancy is trading = on faith and deserves to get the results that "luck" gives them. If you = don't know your expectancy - shame on you for not doing your homework. It is not the responsibility of IBD or William O'Neill to guarantee = the traders results or the accuracy of a method. =20 =20 =20 ------=_NextPart_000_0021_01C25400.B6F6B570 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine, also well said. Andrew, = anyone that=20 wanders into CANSLIM, doesn't really know its expectancy. Just like any = product,=20 one should ask proven results-if any. Investing in the stock market, = using any=20 system, is very risky-especially during these times. = David
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, September 04, = 2002 9:32=20 AM
Subject: [CANSLIM] Re: = Performance

Well said, Andrew. Each individual has the responsibility for = developing=20 their own set of trading rules and then backtesting/papertrading/etc = to=20 develop an expectancy rate. Given that and a monitored = performance check,=20 they can trade with confidence and adjust as needed. CANSLIM is no = different=20 than any other "style"....it's simply a launching pad for the = individual's=20 chosen systematic investing process and performance is *always* the=20 responsibility of the practitioner.
 
Katherine
----- Original Message -----
From:=20 Andrew=20 Biederman
Sent: Wednesday, September = 04, 2002=20 10:15 AM
Subject: [CANSLIM] To: canslim@lists.xmission.com=

I feel as though I = have wandered=20 into OZ.

 

Isn’t it the = responsibility of=20 the trader to determine whether CANSLIM works and what stops to=20 use?

 

Anyone who uses a = system without=20 knowing its expectancy is trading on faith and deserves to get the = results=20 that “luck” gives them. If you don’t know your = expectancy – shame on you for=20 not doing your homework.

It is not the = responsibility of=20 IBD or William O’Neill to guarantee the traders results or the = accuracy of a=20 method.

 

 

 

= ------=_NextPart_000_0021_01C25400.B6F6B570-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Why Professionals go astray Date: 04 Sep 2002 11:43:57 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0075_01C25408.5A82FA80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hey guys & gals, calm down. Tom is one of the resident geniuses here and = we would miss his comments and savvy much. Let's not mimic the nutty = action of the market.=20 DanF ----- Original Message -----=20 From: Cwyndham@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 04, 2002 9:48 AM Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, = stkguru@bellsouth.net writes: Wyndy, I will be interested in the response to your registered = letter, assuming there is one. Maybe your critical attitude will elicit = an answer Tom casting doubt on my credibility is juvenile. You have your nerve = saying "assuming there is one." I joined this group to get data not hype or = insults.=20 ------=_NextPart_000_0075_01C25408.5A82FA80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hey guys & gals, calm down. Tom is = one of the=20 resident geniuses here and we would miss his comments and savvy much. = Let's not=20 mimic the nutty action of the market.
 
DanF
----- Original Message -----
From:=20 Cwyndham@aol.com=20
Sent: Wednesday, September 04, = 2002 9:48=20 AM
Subject: Re: [CANSLIM] Why = Professionals=20 go astray

In a message dated 9/3/2002 9:57:39 PM Central = Daylight=20 Time, stkguru@bellsouth.net=20 writes:


Wyndy, I will be interested in the response to = your=20 registered letter, assuming there is one. Maybe your critical = attitude will=20 elicit an answer


Tom casting doubt on my = credibility=20 is juvenile. You have your nerve saying
"assuming there is one." I = joined=20 this group to get data not hype or insults.=20 ------=_NextPart_000_0075_01C25408.5A82FA80-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 11:23:21 -0500 Hi Mike, Yes...that's it. "Wedging" is a pattern of increasing prices on decreasing volume. MIK isn't a textbook case of wedging, as the volume isn't clearly decreasing, but the volume was fairly light and then under heavy distribution in the last couple of days in that area I identified, so I considered it a "quasi-wedge." This wedging action is particularly troublesome in the right side of the cup and/or in a handle because it shows lack of conviction as the price is rising. I've uploaded a chart of another stock that gives a better view of some wedging action and the subsequent price action. I can see I've cut off part of my comments on the chart, but that last bit should read "Notice how in area 3 the price tanks and retraces the move up." BTW, this is exactly the sort of setup one looks for in a good short candidate (shorting as the price fails at the tip of the wedge)! http://WallStreet-LLC.com/canslim/Wedging090402.jpg Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 10:27 AM | | Katherine, | | Can you define the "wedging" action you note? Does it mean price increase | with a corresponding volume decrease over a number of days? | | Thanks | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 09:40 AM | Please respond to | canslim | | | | | | | Hi Kelly, | | I've marked a chart with my interpretation of MIK's chart. See it at: | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | Katherine | ----- Original Message ----- | From: Kelly Short | To: canslim@lists.xmission.com | Sent: Wednesday, September 04, 2002 9:12 AM | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on | 8/29 and now retreating to make a handle? EPS and Revenue growth have been | strong for the past three qtrs (all though last qtr's EPS was down by | $0.01). Volume looks suspiciously high though both in the bottom of the | cup and now in the handle. Since M has heartburn right now I wouldn't | imagine trading in it (given my level of expertise). Thoughts? | | Kelly | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 11:48:00 -0500 Thanks for the great info. Now the $20,000 question, how do you identify the tip of the wedge (which I assume is the change point from area 2 to area 3) so you can maximize your gain? And how do you know when to cover? See how I only ask the "easy questions? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M ission.com 09/04/2002 11:23 AM Please respond to canslim Hi Mike, Yes...that's it. "Wedging" is a pattern of increasing prices on decreasing volume. MIK isn't a textbook case of wedging, as the volume isn't clearly decreasing, but the volume was fairly light and then under heavy distribution in the last couple of days in that area I identified, so I considered it a "quasi-wedge." This wedging action is particularly troublesome in the right side of the cup and/or in a handle because it shows lack of conviction as the price is rising. I've uploaded a chart of another stock that gives a better view of some wedging action and the subsequent price action. I can see I've cut off part of my comments on the chart, but that last bit should read "Notice how in area 3 the price tanks and retraces the move up." BTW, this is exactly the sort of setup one looks for in a good short candidate (shorting as the price fails at the tip of the wedge)! http://WallStreet-LLC.com/canslim/Wedging090402.jpg Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 10:27 AM | | Katherine, | | Can you define the "wedging" action you note? Does it mean price increase | with a corresponding volume decrease over a number of days? | | Thanks | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 09:40 AM | Please respond to | canslim | | | | | | | Hi Kelly, | | I've marked a chart with my interpretation of MIK's chart. See it at: | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | Katherine | ----- Original Message ----- | From: Kelly Short | To: canslim@lists.xmission.com | Sent: Wednesday, September 04, 2002 9:12 AM | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on | 8/29 and now retreating to make a handle? EPS and Revenue growth have been | strong for the past three qtrs (all though last qtr's EPS was down by | $0.01). Volume looks suspiciously high though both in the bottom of the | cup and now in the handle. Since M has heartburn right now I wouldn't | imagine trading in it (given my level of expertise). Thoughts? | | Kelly | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 12:13:53 -0500 Hi Mike, You don't know you've reached the "tip" of the wedge until the price falls and "triggers" the move down. This really isn't CANSLIM, so I don't want to get off topic...best for me to point you to TradingMarkets.com where you can read all about shorting and covering, which is a short term trading tactic. Dave Landry is a very good source and has numerous trading lessons on the subject. (If you haven't already done so, you can take advantage of their 3 month free trial which was posted here last week. That'll give you access to all their lessons and archives.) [I've no affiliation with TradingMarkets, just a satisfied customer and member since early 2000] Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 11:48 AM | | Thanks for the great info. Now the $20,000 question, how do you identify | the tip of the wedge (which I assume is the change point from area 2 to | area 3) so you can maximize your gain? | | And how do you know when to cover? | | See how I only ask the "easy questions? | | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 11:23 AM | Please respond to | canslim | | | | | | | Hi Mike, | | Yes...that's it. "Wedging" is a pattern of increasing prices on decreasing | volume. MIK isn't a textbook case of wedging, as the volume isn't clearly | decreasing, but the volume was fairly light and then under heavy | distribution in the last couple of days in that area I identified, so I | considered it a "quasi-wedge." This wedging action is particularly | troublesome in the right side of the cup and/or in a handle because it | shows | lack of conviction as the price is rising. | | I've uploaded a chart of another stock that gives a better view of some | wedging action and the subsequent price action. I can see I've cut off part | of my comments on the chart, but that last bit should read "Notice how in | area 3 the price tanks and retraces the move up." BTW, this is exactly the | sort of setup one looks for in a good short candidate (shorting as the | price | fails at the tip of the wedge)! | | http://WallStreet-LLC.com/canslim/Wedging090402.jpg | | Katherine | | | ----- Original Message ----- | From: | To: | Sent: Wednesday, September 04, 2002 10:27 AM | Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | | | | | | Katherine, | | | | Can you define the "wedging" action you note? Does it mean price | increase | | with a corresponding volume decrease over a number of days? | | | | Thanks | | | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] MIK BO? Academic discussion considering M | | ission.com | | | | | | 09/04/2002 09:40 AM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Kelly, | | | | I've marked a chart with my interpretation of MIK's chart. See it at: | | | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | | | Katherine | | ----- Original Message ----- | | From: Kelly Short | | To: canslim@lists.xmission.com | | Sent: Wednesday, September 04, 2002 9:12 AM | | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on | | 8/29 and now retreating to make a handle? EPS and Revenue growth have | been | | strong for the past three qtrs (all though last qtr's EPS was down by | | $0.01). Volume looks suspiciously high though both in the bottom of the | | cup and now in the handle. Since M has heartburn right now I wouldn't | | imagine trading in it (given my level of expertise). Thoughts? | | | | Kelly | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] trouble with investors.com Date: 04 Sep 2002 17:14:45 GMT investors.com is working now. Norm Boyd writes: > They must be working on it because the results keep changing when I try to > login. > > Norm > > > Boyd writes: > > > Same here Mike. You would think a company that uses hind sight so > > effectively could use it to determine why this keeps happening:-( > > > > Norm > > > > > > michael_niemotka@baxter.com writes: > > > > > Anyone else having problems logging on? It was okay earlier today, but now > > > I keep getting told my password is not correct > > > > > > Mike > > > > > > > > > Mike Niemotka , PE > > > Sr. Principal Engineer > > > Baxter Healthcare Corporation > > > Route 120 & Wilson Road > > > Round Lake, IL 60073 > > > Tel (847) 270-4075 > > > Fax (847) 270-4525 > > > michael_niemotka@baxter.com > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: RE: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 12:24:32 -0500 Katherine, Thank you as always for the information. I would not have picked up on = the "wedging action" simply because it was not on my radar- but it has = since been placed in the notes to look for. Also, the comment regarding = bottoming action below the 200dma comment was interesting- I don't = remember this rule from HTMMIS. Is this something WON teaches or = something you have developed an eye for based on years of experience? Also- thanks for the charts! Kelly -----Original Message----- Sent: Wednesday, September 04, 2002 12:14 PM Hi Mike, You don't know you've reached the "tip" of the wedge until the price = falls and "triggers" the move down. This really isn't CANSLIM, so I don't want = to get off topic...best for me to point you to TradingMarkets.com where you = can read all about shorting and covering, which is a short term trading = tactic. Dave Landry is a very good source and has numerous trading lessons on = the subject. (If you haven't already done so, you can take advantage of = their 3 month free trial which was posted here last week. That'll give you = access to all their lessons and archives.) [I've no affiliation with = TradingMarkets, just a satisfied customer and member since early 2000] Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 11:48 AM | | Thanks for the great info. Now the $20,000 question, how do you = identify | the tip of the wedge (which I assume is the change point from area 2 = to | area 3) so you can maximize your gain? | | And how do you know when to cover? | | See how I only ask the "easy questions? | | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 11:23 AM | Please respond to | canslim | | | | | | | Hi Mike, | | Yes...that's it. "Wedging" is a pattern of increasing prices on = decreasing | volume. MIK isn't a textbook case of wedging, as the volume isn't = clearly | decreasing, but the volume was fairly light and then under heavy | distribution in the last couple of days in that area I identified, so = I | considered it a "quasi-wedge." This wedging action is particularly | troublesome in the right side of the cup and/or in a handle because it | shows | lack of conviction as the price is rising. | | I've uploaded a chart of another stock that gives a better view of = some | wedging action and the subsequent price action. I can see I've cut off part | of my comments on the chart, but that last bit should read "Notice how = in | area 3 the price tanks and retraces the move up." BTW, this is exactly = the | sort of setup one looks for in a good short candidate (shorting as the | price | fails at the tip of the wedge)! | | http://WallStreet-LLC.com/canslim/Wedging090402.jpg | | Katherine | | | ----- Original Message ----- | From: | To: | Sent: Wednesday, September 04, 2002 10:27 AM | Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | | | | | | Katherine, | | | | Can you define the "wedging" action you note? Does it mean price | increase | | with a corresponding volume decrease over a number of days? | | | | Thanks | | | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] MIK BO? Academic discussion considering M | | ission.com | | | | | | 09/04/2002 09:40 AM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Kelly, | | | | I've marked a chart with my interpretation of MIK's chart. See it = at: | | | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | | | Katherine | | ----- Original Message ----- | | From: Kelly Short | | To: canslim@lists.xmission.com | | Sent: Wednesday, September 04, 2002 9:12 AM | | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot = point on | | 8/29 and now retreating to make a handle? EPS and Revenue growth = have | been | | strong for the past three qtrs (all though last qtr's EPS was down = by | | $0.01). Volume looks suspiciously high though both in the bottom of = the | | cup and now in the handle. Since M has heartburn right now I = wouldn't | | imagine trading in it (given my level of expertise). Thoughts? | | | | Kelly | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: [CANSLIM] M Date: 04 Sep 2002 10:16:45 -1000 Continuing the thread from last week about Ernie Hills M predictions, its very interesting to me that yesterday he said in his newsletter "876 is literally the line in the sand. My work does not show any support levels of significant strength below 876." Guess what, the S&P hit a low of 875.9 at about 12:28 EST and bounced back to 893.3. Now I wonder if this is a case of the tail wagging the dog? By which I mean are the big traders using the same models as Ernie and jumped in at 875.9 betting that the market had hit bottom? In other words, are the models creating self-fulfilling predictions? Maybe those who work in the industry have a view. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Wednesday, September 04, 2002 7:25 AM Katherine, Thank you as always for the information. I would not have picked up on the "wedging action" simply because it was not on my radar- but it has since been placed in the notes to look for. Also, the comment regarding bottoming action below the 200dma comment was interesting- I don't remember this rule from HTMMIS. Is this something WON teaches or something you have developed an eye for based on years of experience? Also- thanks for the charts! Kelly -----Original Message----- Sent: Wednesday, September 04, 2002 12:14 PM Hi Mike, You don't know you've reached the "tip" of the wedge until the price falls and "triggers" the move down. This really isn't CANSLIM, so I don't want to get off topic...best for me to point you to TradingMarkets.com where you can read all about shorting and covering, which is a short term trading tactic. Dave Landry is a very good source and has numerous trading lessons on the subject. (If you haven't already done so, you can take advantage of their 3 month free trial which was posted here last week. That'll give you access to all their lessons and archives.) [I've no affiliation with TradingMarkets, just a satisfied customer and member since early 2000] Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 11:48 AM | | Thanks for the great info. Now the $20,000 question, how do you identify | the tip of the wedge (which I assume is the change point from area 2 to | area 3) so you can maximize your gain? | | And how do you know when to cover? | | See how I only ask the "easy questions? | | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 11:23 AM | Please respond to | canslim | | | | | | | Hi Mike, | | Yes...that's it. "Wedging" is a pattern of increasing prices on decreasing | volume. MIK isn't a textbook case of wedging, as the volume isn't clearly | decreasing, but the volume was fairly light and then under heavy | distribution in the last couple of days in that area I identified, so I | considered it a "quasi-wedge." This wedging action is particularly | troublesome in the right side of the cup and/or in a handle because it | shows | lack of conviction as the price is rising. | | I've uploaded a chart of another stock that gives a better view of some | wedging action and the subsequent price action. I can see I've cut off part | of my comments on the chart, but that last bit should read "Notice how in | area 3 the price tanks and retraces the move up." BTW, this is exactly the | sort of setup one looks for in a good short candidate (shorting as the | price | fails at the tip of the wedge)! | | http://WallStreet-LLC.com/canslim/Wedging090402.jpg | | Katherine | | | ----- Original Message ----- | From: | To: | Sent: Wednesday, September 04, 2002 10:27 AM | Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | | | | | | Katherine, | | | | Can you define the "wedging" action you note? Does it mean price | increase | | with a corresponding volume decrease over a number of days? | | | | Thanks | | | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] MIK BO? Academic discussion considering M | | ission.com | | | | | | 09/04/2002 09:40 AM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Kelly, | | | | I've marked a chart with my interpretation of MIK's chart. See it at: | | | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | | | Katherine | | ----- Original Message ----- | | From: Kelly Short | | To: canslim@lists.xmission.com | | Sent: Wednesday, September 04, 2002 9:12 AM | | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on | | 8/29 and now retreating to make a handle? EPS and Revenue growth have | been | | strong for the past three qtrs (all though last qtr's EPS was down by | | $0.01). Volume looks suspiciously high though both in the bottom of the | | cup and now in the handle. Since M has heartburn right now I wouldn't | | imagine trading in it (given my level of expertise). Thoughts? | | | | Kelly | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Spencer48@aol.com Subject: Re: [CANSLIM] Why Professionals go astray Date: 04 Sep 2002 16:24:21 EDT Wyndy: If WON's methods didn't work, he wouldn't be able to sell his paper or his books or his seminars more than one or two times. As far as data is concerned (I'm assuming that you mean WON's experience in using his CANSLIM method), every day there are charts in IBD.com and in the IBD paper that support and report the success in WON's CANSLIM. Now, many believe that there are a lot of losers in those charts too (even though CANSLIM methodology was used). And that is probably true. However, CANSLIM is not a rose garden. The reason that WON notes to cut losses short (at 7 or 8% at the most) is that (I believe) he is suggesting that no stock-market method (even CANSLIM) is infallible. Regarding Stan Weinstein's book: Katherine hit it on the nose. Whether or not a book is useful depends as much on the reader as on the author. Objectively, though, Weinstein wrote (in my opinion) a valuable book on the technical tools he thought most important. The fact that in the 90s his system did poorly reflects, I believe, less on the merit of his technical tools, then the bubble-aciousness of the market. jans In a message dated 9/3/2002 9:49:57 PM Eastern Daylight Time, Cwyndham@aol.com writes: << Tom, What I see here is that 10 years ago you saw a 20 year old chart. I don't understand what I'm missing. If the data is good why don't they publish it. It's hard to be told that everyone in the business is bad and the numbers are no good but when I ask a direct question I get "you just got to believe." Again, are you folks pulling my leg? Wyndy >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] M Date: 04 Sep 2002 15:25:29 -0500 There are some Fibonacci support numbers that come in around 874 - also, we are in the throws of a Fibonacci time cycle, possibly indicating a temporary bottom here. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Wednesday, September 04, 2002 3:17 PM Continuing the thread from last week about Ernie Hills M predictions, its very interesting to me that yesterday he said in his newsletter "876 is literally the line in the sand. My work does not show any support levels of significant strength below 876." Guess what, the S&P hit a low of 875.9 at about 12:28 EST and bounced back to 893.3. Now I wonder if this is a case of the tail wagging the dog? By which I mean are the big traders using the same models as Ernie and jumped in at 875.9 betting that the market had hit bottom? In other words, are the models creating self-fulfilling predictions? Maybe those who work in the industry have a view. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Wednesday, September 04, 2002 7:25 AM Katherine, Thank you as always for the information. I would not have picked up on the "wedging action" simply because it was not on my radar- but it has since been placed in the notes to look for. Also, the comment regarding bottoming action below the 200dma comment was interesting- I don't remember this rule from HTMMIS. Is this something WON teaches or something you have developed an eye for based on years of experience? Also- thanks for the charts! Kelly -----Original Message----- Sent: Wednesday, September 04, 2002 12:14 PM Hi Mike, You don't know you've reached the "tip" of the wedge until the price falls and "triggers" the move down. This really isn't CANSLIM, so I don't want to get off topic...best for me to point you to TradingMarkets.com where you can read all about shorting and covering, which is a short term trading tactic. Dave Landry is a very good source and has numerous trading lessons on the subject. (If you haven't already done so, you can take advantage of their 3 month free trial which was posted here last week. That'll give you access to all their lessons and archives.) [I've no affiliation with TradingMarkets, just a satisfied customer and member since early 2000] Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 11:48 AM | | Thanks for the great info. Now the $20,000 question, how do you identify | the tip of the wedge (which I assume is the change point from area 2 to | area 3) so you can maximize your gain? | | And how do you know when to cover? | | See how I only ask the "easy questions? | | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 11:23 AM | Please respond to | canslim | | | | | | | Hi Mike, | | Yes...that's it. "Wedging" is a pattern of increasing prices on decreasing | volume. MIK isn't a textbook case of wedging, as the volume isn't clearly | decreasing, but the volume was fairly light and then under heavy | distribution in the last couple of days in that area I identified, so I | considered it a "quasi-wedge." This wedging action is particularly | troublesome in the right side of the cup and/or in a handle because it | shows | lack of conviction as the price is rising. | | I've uploaded a chart of another stock that gives a better view of some | wedging action and the subsequent price action. I can see I've cut off part | of my comments on the chart, but that last bit should read "Notice how in | area 3 the price tanks and retraces the move up." BTW, this is exactly the | sort of setup one looks for in a good short candidate (shorting as the | price | fails at the tip of the wedge)! | | http://WallStreet-LLC.com/canslim/Wedging090402.jpg | | Katherine | | | ----- Original Message ----- | From: | To: | Sent: Wednesday, September 04, 2002 10:27 AM | Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | | | | | | Katherine, | | | | Can you define the "wedging" action you note? Does it mean price | increase | | with a corresponding volume decrease over a number of days? | | | | Thanks | | | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] MIK BO? Academic discussion considering M | | ission.com | | | | | | 09/04/2002 09:40 AM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Kelly, | | | | I've marked a chart with my interpretation of MIK's chart. See it at: | | | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | | | Katherine | | ----- Original Message ----- | | From: Kelly Short | | To: canslim@lists.xmission.com | | Sent: Wednesday, September 04, 2002 9:12 AM | | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on | | 8/29 and now retreating to make a handle? EPS and Revenue growth have | been | | strong for the past three qtrs (all though last qtr's EPS was down by | | $0.01). Volume looks suspiciously high though both in the bottom of the | | cup and now in the handle. Since M has heartburn right now I wouldn't | | imagine trading in it (given my level of expertise). Thoughts? | | | | Kelly | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ________________________________________________________________________ ____ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Edward McDonough" Subject: RE: [CANSLIM] M Date: 04 Sep 2002 16:45:20 -0400 60 min chart shows support at 876, resistance approx 912 No tail wagging the dog here. Just old fashioned tech analysis. Call me crazy, Hug the bear! Play the game to win. Ed -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. Gjertsen II Sent: Wednesday, September 04, 2002 4:25 PM There are some Fibonacci support numbers that come in around 874 - also, we are in the throws of a Fibonacci time cycle, possibly indicating a temporary bottom here. Ed Gjertsen II ed@macktracks.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Wednesday, September 04, 2002 3:17 PM Continuing the thread from last week about Ernie Hills M predictions, its very interesting to me that yesterday he said in his newsletter "876 is literally the line in the sand. My work does not show any support levels of significant strength below 876." Guess what, the S&P hit a low of 875.9 at about 12:28 EST and bounced back to 893.3. Now I wonder if this is a case of the tail wagging the dog? By which I mean are the big traders using the same models as Ernie and jumped in at 875.9 betting that the market had hit bottom? In other words, are the models creating self-fulfilling predictions? Maybe those who work in the industry have a view. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short Sent: Wednesday, September 04, 2002 7:25 AM Katherine, Thank you as always for the information. I would not have picked up on the "wedging action" simply because it was not on my radar- but it has since been placed in the notes to look for. Also, the comment regarding bottoming action below the 200dma comment was interesting- I don't remember this rule from HTMMIS. Is this something WON teaches or something you have developed an eye for based on years of experience? Also- thanks for the charts! Kelly -----Original Message----- Sent: Wednesday, September 04, 2002 12:14 PM Hi Mike, You don't know you've reached the "tip" of the wedge until the price falls and "triggers" the move down. This really isn't CANSLIM, so I don't want to get off topic...best for me to point you to TradingMarkets.com where you can read all about shorting and covering, which is a short term trading tactic. Dave Landry is a very good source and has numerous trading lessons on the subject. (If you haven't already done so, you can take advantage of their 3 month free trial which was posted here last week. That'll give you access to all their lessons and archives.) [I've no affiliation with TradingMarkets, just a satisfied customer and member since early 2000] Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 11:48 AM | | Thanks for the great info. Now the $20,000 question, how do you identify | the tip of the wedge (which I assume is the change point from area 2 to | area 3) so you can maximize your gain? | | And how do you know when to cover? | | See how I only ask the "easy questions? | | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 11:23 AM | Please respond to | canslim | | | | | | | Hi Mike, | | Yes...that's it. "Wedging" is a pattern of increasing prices on decreasing | volume. MIK isn't a textbook case of wedging, as the volume isn't clearly | decreasing, but the volume was fairly light and then under heavy | distribution in the last couple of days in that area I identified, so I | considered it a "quasi-wedge." This wedging action is particularly | troublesome in the right side of the cup and/or in a handle because it | shows | lack of conviction as the price is rising. | | I've uploaded a chart of another stock that gives a better view of some | wedging action and the subsequent price action. I can see I've cut off part | of my comments on the chart, but that last bit should read "Notice how in | area 3 the price tanks and retraces the move up." BTW, this is exactly the | sort of setup one looks for in a good short candidate (shorting as the | price | fails at the tip of the wedge)! | | http://WallStreet-LLC.com/canslim/Wedging090402.jpg | | Katherine | | | ----- Original Message ----- | From: | To: | Sent: Wednesday, September 04, 2002 10:27 AM | Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | | | | | | Katherine, | | | | Can you define the "wedging" action you note? Does it mean price | increase | | with a corresponding volume decrease over a number of days? | | | | Thanks | | | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] MIK BO? Academic discussion considering M | | ission.com | | | | | | 09/04/2002 09:40 AM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Kelly, | | | | I've marked a chart with my interpretation of MIK's chart. See it at: | | | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | | | Katherine | | ----- Original Message ----- | | From: Kelly Short | | To: canslim@lists.xmission.com | | Sent: Wednesday, September 04, 2002 9:12 AM | | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on | | 8/29 and now retreating to make a handle? EPS and Revenue growth have | been | | strong for the past three qtrs (all though last qtr's EPS was down by | | $0.01). Volume looks suspiciously high though both in the bottom of the | | cup and now in the handle. Since M has heartburn right now I wouldn't | | imagine trading in it (given my level of expertise). Thoughts? | | | | Kelly | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ________________________________________________________________________ ____ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M Date: 04 Sep 2002 16:52:57 -0500 Hi Kelly, There's no official "rule" about basing below the 200 day MA that I'm aware of other than with respect to flat bases. That is, the flat base must form above both the 50 and 200 day MA's to be considered "healthy." (I think as long as the base is "kissing" the 50 it's really OK) There's certainly a school of thought that says that a good entry point occurs when the 50 crosses above the 200 dMA, but I don't think there's enough evidence to support that as a reliable indicator. I'm fairly sure that WON has commented on this and considers technical action itself to be far more reliable than an MA crossover. In general, price falling below the 200 day MA is a sign the stock is in trouble. So, if I look at the chart and see most of the basing action below the 200, that's a yellow flag in my book. All in all, if the base and the market were otherwise healthy in all respects, then some basing action below the 200 wouldn't necessarily kick out a good candidate. But, if I had 2 stocks that were the same in all respects and one was basing near the 50 and far above the 200, I'd go for it in a millisecond over one forming much of its base below the 200. Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 12:24 PM Katherine, Thank you as always for the information. I would not have picked up on the "wedging action" simply because it was not on my radar- but it has since been placed in the notes to look for. Also, the comment regarding bottoming action below the 200dma comment was interesting- I don't remember this rule from HTMMIS. Is this something WON teaches or something you have developed an eye for based on years of experience? Also- thanks for the charts! Kelly -----Original Message----- Sent: Wednesday, September 04, 2002 12:14 PM Hi Mike, You don't know you've reached the "tip" of the wedge until the price falls and "triggers" the move down. This really isn't CANSLIM, so I don't want to get off topic...best for me to point you to TradingMarkets.com where you can read all about shorting and covering, which is a short term trading tactic. Dave Landry is a very good source and has numerous trading lessons on the subject. (If you haven't already done so, you can take advantage of their 3 month free trial which was posted here last week. That'll give you access to all their lessons and archives.) [I've no affiliation with TradingMarkets, just a satisfied customer and member since early 2000] Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 11:48 AM | | Thanks for the great info. Now the $20,000 question, how do you identify | the tip of the wedge (which I assume is the change point from area 2 to | area 3) so you can maximize your gain? | | And how do you know when to cover? | | See how I only ask the "easy questions? | | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | ission.com | | | 09/04/2002 11:23 AM | Please respond to | canslim | | | | | | | Hi Mike, | | Yes...that's it. "Wedging" is a pattern of increasing prices on decreasing | volume. MIK isn't a textbook case of wedging, as the volume isn't clearly | decreasing, but the volume was fairly light and then under heavy | distribution in the last couple of days in that area I identified, so I | considered it a "quasi-wedge." This wedging action is particularly | troublesome in the right side of the cup and/or in a handle because it | shows | lack of conviction as the price is rising. | | I've uploaded a chart of another stock that gives a better view of some | wedging action and the subsequent price action. I can see I've cut off part | of my comments on the chart, but that last bit should read "Notice how in | area 3 the price tanks and retraces the move up." BTW, this is exactly the | sort of setup one looks for in a good short candidate (shorting as the | price | fails at the tip of the wedge)! | | http://WallStreet-LLC.com/canslim/Wedging090402.jpg | | Katherine | | | ----- Original Message ----- | From: | To: | Sent: Wednesday, September 04, 2002 10:27 AM | Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M | | | | | | Katherine, | | | | Can you define the "wedging" action you note? Does it mean price | increase | | with a corresponding volume decrease over a number of days? | | | | Thanks | | | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] MIK BO? Academic discussion considering M | | ission.com | | | | | | 09/04/2002 09:40 AM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Kelly, | | | | I've marked a chart with my interpretation of MIK's chart. See it at: | | | | http://WallStreet-LLC.com/canslim/MIK090402.jpg | | | | Katherine | | ----- Original Message ----- | | From: Kelly Short | | To: canslim@lists.xmission.com | | Sent: Wednesday, September 04, 2002 9:12 AM | | Subject: [CANSLIM] MIK BO? Academic discussion considering M | | | | Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on | | 8/29 and now retreating to make a handle? EPS and Revenue growth have | been | | strong for the past three qtrs (all though last qtr's EPS was down by | | $0.01). Volume looks suspiciously high though both in the bottom of the | | cup and now in the handle. Since M has heartburn right now I wouldn't | | imagine trading in it (given my level of expertise). Thoughts? | | | | Kelly | | | | | | | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Cwyndham@aol.com Subject: [CANSLIM] Re: Misunderstanding Date: 04 Sep 2002 19:14:42 EDT --part1_ac.2cccf03b.2aa7ede2_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom after reading the following email from Gene I believe I owe you an apology. Wyndy In a message dated 9/4/2002 11:30:59 AM Central Daylight Time, genr@swbell.net writes: > Wyndy, by no stretch of my imagination does Tom need defending. Hopefully > you'll get to know him better and you'll read his sentence as follows: > > Wyndy, I will be interested in the response to your registered letter, > assuming there is one (from IBD). > > He didn't mean *assuming you* sent one. > > Although I agree that you should be looking for the 'beef', I think your > method to get this info is a tad rough around the edges. > > Here is a contact for you, Eddie Kwong. Eddie is part of Tradingmarkets.com > and has been extremely helpful. TradingMarkets has 2 or 3 well known and > active traders using CANSLIM concepts. > eddiek@tradingmarkets.com > > My other popular source for CANSLIM info is: > > http://www.AskIBD.com > > Best, > Gene Ricci > > > ----- Original Message ----- > From: Cwyndham@aol.com > To: canslim@lists.xmission.com > Sent: Wednesday, September 04, 2002 8:48 AM > Subject: Re: [CANSLIM] Why Professionals go astray > > In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, > stkguru@bellsouth.net writes: > > Wyndy, I will be interested in the response to your registered letter, > assuming there is one. Maybe your critical attitude will elicit an answer > > Tom casting doubt on my credibility is juvenile. You have your nerve saying > "assuming there is one." I joined this group to get data not hype or > insults. > --part1_ac.2cccf03b.2aa7ede2_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom after reading the following email from Gene I believe I owe you an apology.
Wyndy

In a message dated 9/4/2002 11:30:59 AM Central Daylight Time, genr@swbell.net writes:

Wyndy, by no stretch of my imagination does Tom need defending. Hopefully you'll get to know him better and you'll read his sentence as follows:

Wyndy, I will be interested in the response to your registered letter, assuming there is one (from IBD).

He didn't mean *assuming you* sent one.

Although I agree that you should be looking for the 'beef', I think your method to get this info is a tad rough around the edges.

Here is a contact for you, Eddie Kwong. Eddie is part of Tradingmarkets.com and has been extremely helpful. TradingMarkets has 2 or 3 well known and active traders using CANSLIM concepts.  
eddiek@tradingmarkets.com

My other popular source for CANSLIM info is:

http://www.AskIBD.com
Best,
Gene Ricci


----- Original Message -----
Sent: Wednesday, September 04, 2002 8:48 AM

In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bellsouth.net writes:

Wyndy, I will be interested in the response to your registered letter, assuming there is one. Maybe your critical attitude will elicit an answer

Tom casting doubt on my credibility is juvenile. You have your nerve saying
"assuming there is one." I joined this group to get data not hype or insults.


--part1_ac.2cccf03b.2aa7ede2_boundary-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Curt Corley" Subject: RE: [CANSLIM] Registered letter (was: Why Professionals go astray) Date: 04 Sep 2002 18:34:43 -0500 Isn't there a possibility that Tom's phrase "assuming there is one" was in reference to the response from IBD to Wyndy -- not in reference to the registered letter from Wyndy. Curt -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl Sent: Wednesday, September 04, 2002 3:40 AM > From: "Tom Worley" > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > Wyndy, I will be interested in the response to your > registered letter, assuming there is one. Doubting Tom, how do you know that there is no such a letter? You should show more objectivity. Why didn't you point to the phoniness of the story of the Certified Letter from IBD? That was incredulous. Where was your critical mind? snip > Perhaps you could introduce yourself and tell us a little of How about the aliases of members who suffer from MPD? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] M Date: 04 Sep 2002 18:34:30 -0600 In this case, you don't really need any kind of model, 876 is the low (support) that was set on August 14 and I am sure was a widely watched level, so probably lots of people were watching it and were ready to jump in at that point. BTW, if price breaks 876, the next level looks like 855 On 4 Sep 2002 at 10:16, Mike Gibbons wrote: > Now I wonder if this is a case of the tail wagging the dog? By which I mean > are the big traders using the same models as Ernie and jumped in at 875.9 > betting that the market had hit bottom? In other words, are the models > creating self-fulfilling predictions? Maybe those who work in the industry > have a view. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Misunderstanding Date: 04 Sep 2002 22:04:01 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0069_01C2545E.F9F72D60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable no problem, Wyndy, I will try to be a little more conscious of my = wording in the future so it doesn't leave room for misunderstanding. ----- Original Message -----=20 Sent: Wednesday, September 04, 2002 7:14 PM Tom after reading the following email from Gene I believe I owe you an = apology. Wyndy In a message dated 9/4/2002 11:30:59 AM Central Daylight Time, = genr@swbell.net writes: Wyndy, by no stretch of my imagination does Tom need defending. = Hopefully you'll get to know him better and you'll read his sentence as = follows: Wyndy, I will be interested in the response to your registered letter, = assuming there is one (from IBD). He didn't mean *assuming you* sent one. Although I agree that you should be looking for the 'beef', I think = your method to get this info is a tad rough around the edges. Here is a contact for you, Eddie Kwong. Eddie is part of = Tradingmarkets.com and has been extremely helpful. TradingMarkets has 2 = or 3 well known and active traders using CANSLIM concepts. =20 eddiek@tradingmarkets.com=20 My other popular source for CANSLIM info is: http://www.AskIBD.com Best, Gene Ricci ----- Original Message -----=20 From: Cwyndham@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 04, 2002 8:48 AM Subject: Re: [CANSLIM] Why Professionals go astray In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, = stkguru@bellsouth.net writes: Wyndy, I will be interested in the response to your registered letter, = assuming there is one. Maybe your critical attitude will elicit an = answer Tom casting doubt on my credibility is juvenile. You have your nerve = saying "assuming there is one." I joined this group to get data not hype or = insults.=20 ------=_NextPart_000_0069_01C2545E.F9F72D60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
no problem, Wyndy, I will try to be a little = more=20 conscious of my wording in the future so it doesn't leave room for=20 misunderstanding.
 
----- Original Message -----=20
From: Cwyndham@aol.com=20
Sent: Wednesday, September 04, 2002 7:14 PM
Subject: [CANSLIM] Re: Misunderstanding

Tom after reading the following email from Gene I = believe I=20 owe you an apology.
Wyndy

In a message dated 9/4/2002 11:30:59 = AM=20 Central Daylight Time, genr@swbell.net=20 writes:

 Wyndy, by no stretch of my imagination does Tom need = defending.=20 Hopefully you'll get to know him better and you'll read his sentence = as=20 follows:

Wyndy, I will be interested in the response to your = registered=20 letter, assuming there is one (from IBD).

He didn't mean = *assuming you*=20 sent one.

Although I agree that you should be looking for the = 'beef', I=20 think your method to get this info is a tad rough around the=20 edges.

Here is a contact for you, Eddie Kwong. Eddie is part of = Tradingmarkets.com and has been extremely helpful. TradingMarkets has = 2 or 3=20 well known and active traders using CANSLIM concepts.   =
eddiek@tradingmarkets.com=20

My other popular source for CANSLIM info = is:

http://www.AskIBD.com

Best,
Gene Ricci


----- Original Message -----
From: = Cwyndham@aol.com=20
To: canslim@lists.xmission.com
Sent: Wednesday, September 04, = 2002=20 8:48 AM
Subject: Re: [CANSLIM] Why Professionals go = astray

In a=20 message dated 9/3/2002 9:57:39 PM Central Daylight Time, = stkguru@bellsouth.net=20 writes:

Wyndy, I will be interested in the response to your = registered=20 letter, assuming there is one. Maybe your critical attitude will = elicit an=20 answer

Tom casting doubt on my credibility is juvenile. You = have your=20 nerve saying
"assuming there is one." I joined this group to get = data not=20 hype or insults.


------=_NextPart_000_0069_01C2545E.F9F72D60-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Kelly Short" Subject: [CANSLIM] Wedging example: CECO Date: 04 Sep 2002 20:34:23 -0500 Katherine, To continue your point on wedging- would this stock be an example of wedging action? http://www.kellyrshort.com/canslim/CECOwedgeexample.gif Kelly - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Fw: [CANSLIM] Kids, Kids, Kids Date: 04 Sep 2002 22:06:02 -0700 ------=_NextPart_001_0000_01C2545F.422D8160 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable If anyone has ever been on the MSN boards this kind of talk is about all = you see. I went there a couple of times and never did see one thing abou= t the stock the board was discussing. Just gave up. Sometimes people co= me to us and don't realize we aren't like that here because that is what = they have been exposed to. It made me understand why people monitor board= s. =20 ----- Original Message ----- Sent: Wednesday, September 04, 2002 7:18 AM =20 Don=E2=80=99t make me pull over the internet to the side of the road and = start smackin=E2=80=99 heads. =20 It is obvious that there is frustration all around. There are those inve= stors out there that look at the world empirically and need the =E2=80=9C= beef=E2=80=9D before making a decision. I thought personal attacks were = not acceptable here. If you want cantankerous postings, I am sure there = are other places to vent on the internet. The great thing about investin= g is that there really is no single right way. Similar to religion, it=E2= =80=99s difficult to say Warren Buffets approach is wrong or to tell Tom = Baldwin (Bond Trader) that his style is wrong. What it all comes down to= is style and comfort. Pick an investment style that is comfortable for = you to follow, make it your own, and then follow it in a disciplined mann= er. If there are those on this post who are lurking and are looking for = the =E2=80=9CHoly Grail=E2=80=9D of investment strategies, you will be di= sappointed. Buffet is not always right, Baldwin is not always right, but= when they are wrong, they don=E2=80=99t risk 7% of their entire portfoli= o on one investment/trade. If you are looking for excitement, go to Vega= s. If you are looking for a way to intelligently share ideas about one p= articular investment methodology, this is the place. =20 Ed Gjertsen II ed@macktracks.com -----Original Message----- on.com] On Behalf Of Tom Worley Sent: Wednesday, September 04, 2002 8:56 AM =20 grow up Wyndy, anyone who knows me, as Norman obviously did, and as I ack= nowledged with my earlier response directed at Hermann's asinine response= , no better than yours, already knows that my long association with WON p= roducts makes me doubtful that you will get an on topic response, if any = response at all. =20 =20 Try reading your emails before parroting Hermann, he's no more on target = than you are. =20 I suggest the same thing to you as to Hermann, lurk and learn some manner= s, or learn how to productively contribute to this group. If neither opti= on is satisfactory, then I suggest you find another group to try and disr= upt. You will find that you "get" far more when you are giving a little, = and when you behave in a civil manner. =20 ----- Original Message ----- =20 Sent: Wednesday, September 04, 2002 9:48 AM =20 In a message dated 9/3/2002 9:57:39 PM Central Daylight Time, stkguru@bel= lsouth.net writes: Wyndy, I will be interested in the response to your registered letter, as= suming there is one. Maybe your critical attitude will elicit an answer Tom casting doubt on my credibility is juvenile. You have your nerve sayi= ng "assuming there is one." I joined this group to get data not hype or insu= lts. =20 ------=_NextPart_001_0000_01C2545F.422D8160 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable
If anyone has ever been on the MSN boards thi= s kind of talk is about all you see.  I went there a couple of times= and never did see one thing about the stock the board was discussing.&nb= sp; Just gave up.  Sometimes people come to us and don't realize we = aren't like that here because that is what they have been exposed to.&nbs= p;It made me understand why people monitor boards.
 
----- Original Message -----
From: Edward W. Gje= rtsen II
Sent: Wednesday, Se= ptember 04, 2002 7:18 AM
To:= canslim@lists.xmission.com
Subj= ect: [CANSLIM] Kids, Kids, Kids
 

Don=E2=80=99t make me pull= over the internet to the side of the road and start smackin=E2=80=99 hea= ds.

 = ;

It is o= bvious that there is frustration all around.  There are those invest= ors out there that look at the world empirically and need the =E2=80=9Cbe= ef=E2=80=9D before making a decision.  I thought personal attacks we= re not acceptable here.  If you want cantankerous postings, I am sur= e there are other places to vent on the internet.  The great thing a= bout investing is that there really is no single right way.  Similar= to religion, it=E2=80=99s difficult to say Warren Buffets approach is wr= ong or to tell Tom Baldwin (Bond Trader) that his style is wrong.  W= hat it all comes down to is style and comfort.  Pick an investment s= tyle that is comfortable for you to follow, make it your own, and then fo= llow it in a disciplined manner.  If there are those on this post wh= o are lurking and are looking for the =E2=80=9CHoly Grail=E2=80=9D of inv= estment strategies, you will be disappointed.  Buffet is not always = right, Baldwin is not always right, but when = they are wrong, they don=E2=80=99t risk 7% of their entire portfolio on o= ne investment/trade.  If you are looking for excitement, go to Vegas= .  If you are looking for a way to intelligently share ideas about o= ne particular investment methodology, this is the place.

 

<= DIV>

Ed Gjertsen II

ed= @macktracks.com

-----Original Message-----
From: owner-canslim= @lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Wednesday, Se= ptember 04, 2002 8:56 AM
To: canslim@lists.xmission.comSubject: Re: [CANSL= IM] Why Professionals go astray

 

grow up Wyndy, anyone who knows = me, as Norman obviously did, and as I acknowledged with my earlier respon= se directed at Hermann's asinine response, no better than yours, already = knows that my long association with WON products makes me doubtful that y= ou will get an on topic response, if any response at all. <= /P>

 

Try reading your emails before parroting Hermann, he's no mo= re on target than you are.

 

I suggest the same = thing to you as to Hermann, lurk and learn some manners, or learn how to = productively contribute to this group. If neither option is satisfactory,= then I suggest you find another group to try and disrupt. You will find = that you "get" far more when you are giving a little, and when you behave= in a civil manner.

 

----- Original Message ----= -

<= DIV>

To: canslim@lists.xmission.com=

Sent: = Wednesday, September 04, 2002 <= /SPAN>9:48 AM

Subject:<= /SPAN> Re: [CANSLIM] Why Professionals go astray=

 

In a message dated 9/3/2002 9:5= 7:39 PM Central Daylight Time, s= tkguru@bellsouth.net writes:



Wyndy, I will be inter= ested in the response to your registered letter, assuming there is one. M= aybe your critical attitude will elicit an answer

=

Tom casting d= oubt on my credibility is juvenile. You have your nerve saying
"assumi= ng there is one." I joined this group to get data not hype or insults.

------=_NextPart_001_0000_01C2545F.422D8160-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Registered letter (was: Why Professionals go astray) Date: 04 Sep 2002 23:55:30 -0700 ------=_NextPart_001_0001_01C2546E.8CB4F380 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable HAS ANYONE HEARD FROM DUKE 13139 LATELY =20 =20 ----- Original Message ----- Sent: Wednesday, September 04, 2002 5:39 AM y) =20 Hermann, I have no idea what your problem is, wouldn't have even seen you= r stupid post had Norman replied (I do read his posts, yours go straight to the garbage can). Norman is correct, I seriously doubt Wyndy will get an answer, or if she gets one that it will be responsive to her question. Should she get one, I would be genuinely interested in the response. I ha= d no reason to doubt that she sent the letter as she said. I also have no i= dea what you are talking about regarding "phoniness of the story of the Certified Letter from IBD", I know I personally have been legally served = by DGO, and am aware of several other members reporting the same thing eithe= r from DGO or IBD. I have no reason to doubt their word, unlike you, they h= ave credibility with me. While most members here appear to use their real name, unlike typical internet behavior, some will still use an alias. I don't know who your gr= ipe about this is directed towards. If it was intended as another barb at me, then I suggest you fly to Miami and examine my driver's license, voter ID= , birth certificate or whatever you may believe. You will find the same nam= e on every one, and it's Tom Worley and variations. I do wish you would either just lurk, and learn some manners, or else sta= rt contributing to the group in some productive way. Maybe then those of us that have used mail rules to discard your posts might eventually see you differently. ----- Original Message ----- Sent: Wednesday, September 04, 2002 7:41 AM y) Hermann, I think Tom was skeptical that IBD will answer the letter rather than Wyn= dy having sent one. Comes from experience me thinks. Norm ----- Original Message ----- Sent: Wednesday, September 04, 2002 3:40 AM > > From: "Tom Worley" > > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > > > Wyndy, I will be interested in the response to your > > registered letter, assuming there is one. > > > > Doubting Tom, how do you know that there is no such a letter? > > You should show more objectivity. Why didn't you point to the > phoniness of the story of the Certified Letter from IBD? That was > incredulous. Where was your critical mind? > > > > snip > > Perhaps you could introduce yourself and tell us a little of > > > How about the aliases of members who suffer from MPD? > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0001_01C2546E.8CB4F380 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
HAS ANYONE HEA= RD FROM DUKE 13139 LATELY 
 
-= ---- Original Message -----
From: Tom Worley
Sent: Wednesday, September 04, 2002 5:39 AM
=
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Registe= red letter (was: Why Professionals go astray)
 
Herm= ann, I have no idea what your problem is, wouldn't have even seen yourstupid post had Norman replied (I do read his posts, yours go straight t= o
the garbage can). Norman is correct, I seriously doubt Wyndy will ge= t an
answer, or if she gets one that it will be responsive to her ques= tion.
Should she get one, I would be genuinely interested in the respo= nse. I had
no reason to doubt that she sent the letter as she said. I = also have no idea
what you are talking about regarding "phoniness of t= he story of the
Certified Letter from IBD", I know I personally have b= een legally served by
DGO, and am aware of several other members repor= ting the same thing either
from DGO or IBD. I have no reason to doubt = their word, unlike you, they have
credibility with me.

While mo= st members here appear to use their real name, unlike typical
internet= behavior, some will still use an alias. I don't know who your gripe
a= bout this is directed towards. If it was intended as another barb at me,<= BR>then I suggest you fly to Miami and examine my driver's license, voter= ID,
birth certificate or whatever you may believe. You will find the = same name
on every one, and it's Tom Worley and variations.

I d= o wish you would either just lurk, and learn some manners, or else start<= BR>contributing to the group in some productive way. Maybe then those of = us
that have used mail rules to discard your posts might eventually se= e you
differently.

----- Original Message -----
From: "Norma= n" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
= Sent: Wednesday, September 04, 2002 7:41 AM
Subject: Re: [CANSLIM] Reg= istered letter (was: Why Professionals go astray)


Hermann,
=
I think Tom was skeptical that IBD will answer the letter rather than= Wyndy
having sent one.  Comes from experience me thinks.

= Norm

----- Original Message -----
From: "Hermann Ertl" <hert= l@attglobal.net>
To: <canslim@lists.xmission.com>
Sent: We= dnesday, September 04, 2002 3:40 AM
Subject: [CANSLIM] Registered lett= er (was: Why Professionals go astray)


> > From: "Tom Wor= ley" <stkguru@bellsouth.net>
> > Date: Tue, 3 Sep 2002 22:= 56:15 -0400
> >
> >     Wyndy, I wi= ll be interested in the response to your
> > registered letter, = assuming there is one.
>
>
>
> Doubting Tom, how = do you know that there is no such a letter?
>
> You should sh= ow more objectivity. Why didn't you point to the
> phoniness of the= story of the Certified Letter from IBD? That was
> incredulous. Wh= ere was your critical mind?
>
>
>
> snip
> = > Perhaps  you could introduce yourself and tell us a little of>
>
> How about the aliases of members who suffer from M= PD?
>
>
>
>
>
> -
> -To subscri= be/unsubscribe, email "majordomo@xmission.com"
> -In the email body= , write "subscribe canslim" or
> -"unsubscribe canslim".  Do n= ot use quotes in your email.
>
>



-
-To subs= cribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, = write "subscribe canslim" or
-"unsubscribe canslim".  Do not use = quotes in your email.




-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In the email body, write "subscribe ca= nslim" or
-"unsubscribe canslim".  Do not use quotes in your emai= l.
------=_NextPart_001_0001_01C2546E.8CB4F380-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Registered letter (was: Why Professionals go astray) Date: 04 Sep 2002 23:57:41 -0700 ------=_NextPart_001_0002_01C2546E.DB1DE360 Content-Type: text/plain; charset="iso-8859-1" I laughed so hard I fell out of my chair!!!!! ----- Original Message ----- Sent: Wednesday, September 04, 2002 2:29 AM Hermann, it seems that because of our respective time zones, I am the first to read you emails. I think you are seeking help in the wrong discussion group. Please take the test at this page http://www.4degreez.com/misc/personality_disorder_test.mv and then seek help from those qualified to help you. I hope you get help soon. Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hermann Ertl Sent: Tuesday, September 03, 2002 10:40 PM > From: "Tom Worley" > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > Wyndy, I will be interested in the response to your > registered letter, assuming there is one. Doubting Tom, how do you know that there is no such a letter? You should show more objectivity. Why didn't you point to the phoniness of the story of the Certified Letter from IBD? That was incredulous. Where was your critical mind? snip > Perhaps you could introduce yourself and tell us a little of How about the aliases of members who suffer from MPD? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0002_01C2546E.DB1DE360 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I laughed so h= ard I fell out of my chair!!!!! 
 
----- Original Message -----
From: Mike Gibbons
Sent: Wednesday, September 04, 2002 2:29 = AM
To: canslim@lists.xmissio= n.com
Subject: RE: [CANSLIM]= Registered letter (was: Why Professionals go astray)
 Hermann, it seems that because of our respective time zones, I am the= first
to read you emails.

I think you are seeking help in the = wrong discussion group. Please take the
test at this page http://www.4= degreez.com/misc/personality_disorder_test.mv
and then seek help from = those qualified to help you.

I hope you get help soon.

Mike= Gibbons
Proactive Technologies, LLC
http://www.proactech.com

-----Original Message-----
From: owner-canslim@lists.xmission.co= m
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Hermann ErtlSent: Tuesday, September 03, 2002 10:40 PM
To: canslim@lists.xmissio= n.com
Subject: [CANSLIM] Registered letter (was: Why Professionals go = astray)


> From: "Tom Worley" <stkguru@bellsouth.net><= BR>> Date: Tue, 3 Sep 2002 22:56:15 -0400
>
>  &= nbsp;  Wyndy, I will be interested in the response to your
> r= egistered letter, assuming there is one.



Doubting Tom, how= do you know that there is no such a letter?

You should show more = objectivity. Why didn't you point to the
phoniness of the story of the= Certified Letter from IBD? That was
incredulous. Where was your criti= cal mind?



snip
> Perhaps  you could introduce y= ourself and tell us a little of


How about the aliases of membe= rs who suffer from MPD?





-
-To subscribe/unsubsc= ribe, email "majordomo@xmission.com"
-In the email body, write "subscr= ibe canslim" or
-"unsubscribe canslim".  Do not use quotes in you= r email.


-
-To subscribe/unsubscribe, email "majordomo@xmis= sion.com"
-In the email body, write "subscribe canslim" or
-"unsubs= cribe canslim".  Do not use quotes in your email.
------=_NextPart_001_0002_01C2546E.DB1DE360-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 05:16:08 -0700 Hi James, Thanks for your incredible responce to my Failed Breakout and Stops! I've tried to look at the intraday charts before but didn't take them seriously enough I guess. I have noted before that big moves on high volume during the day seemed to be connected to some news or something, but was afraid it was just market makers or day trading. I can't get more than 10 days ago at BigCharts for a history on CSTR for the time frame but I think I understand that when you see a CWH pattern within a 5 day then watch for a handle to form or breakdown or up in price with high volume. Do you look at BigCharts for this intraday charting and what is you setting preference, such as 5 or 10 day/ 1 hour or 15 min.? I had been getting my volume/price information each day from my telephone service with TD Waterhouse but it looks like your intra-day charts work much better. ---- Original Message ----- Sent: Tuesday, September 03, 2002 6:44 PM > CSTR presents an interesting example of the importance > of intraday charts. There is no clue of impending > trouble on the daily chart until the stock broke down. > The intraday chart, however, telegraphed the bad news > well in advance. > > Like many other people, I too cannot follow the market > during the day and have to check charts during the > evening. When I have a position open, I check the > chart every night with no exception. > > On Thursday, Aug 22, when this rally was still > advancing, I was surprised that evening to see many > bearish charts among the leading stocks. For example, > FCN had a deterioting relative strength, CCR made a > new high but its relative strength lagged, DORL gapped > to a new high but saw no progress in daily price > (distribution), and PIXR had formed an evening star > candlestick pattern. If one or two stocks were acting > poorly it probably wouldn't have bothered me so much. > When most of the leading stocks were showing signs of > weakness the market was in trouble. At that time I was > long CCR, CSTR, DORL, NUTR, and PIXR. My first > decision was to sell CCR, DORL and PIXR at the open > next morning, and but to keep CSTR and NUTR. > > I changed my mind when I looked at the intraday chart > for CSTR. On the daily chart, CSTR had formed an > impeccible CwH base, with pp at 31.22. The breakout > was on very good volume, and reached a high of 34.2. > Because of a little overhead resistance (as mentioned > by others), it was expected to form a second handle > before breaking out to new highs. This was also noted > by the issue of IBD the day after its breakout. It > consolidated between 32 and 34 the next 5 days, with > nothing extraordinary shown on the daily chart. I was > several times tempted to add shares when it pulled to > low 32's but thougt better of it. My plan was to add > to my position when it broke out of the second handle. > I wasn't even thinking about selling it before I > looked at the intraday chart. > > I was alarmed by the intraday chart. On the intraday > chart, the consolidation between 32 and 34 showed up > as a five day CwH formation, with the appropriate > volume actions (large volume on left and right sides, > dryups on bottom and in handle). Handle high was 33.76 > which was the intraday high on Thursday. Everything > was great except for the last hour or so of Thursday. > Some heavy selling came in and broke the handle > formation (little did I know that the Off Wall Street > report was issued to its clients on that Thursday). > WON told us that heavy selling in handle was a sign of > trouble, and a good short can be entered when the > handle low was broken as the volume picked up. Of > course he was refering to daily charts. Intraday > charts work the same way except its validity is much > shorter in duration. If the market were healthy, I > probably would have expected CSTR to pullback and test > the pp and a decision could be made after the test. > But with the other leading stocks weakening, there was > no question at that point that CSTR was going to break > below its pivot point. So I decided to sell it the > next morning along with the others for a small profit. > > I was kicking myself a few days later when CSTR barely > dipped below the pp and then rallied past my sell > price. But that lasted only one day. Thank goodness > the intraday chart gave me the only clue there was. > > As far as CVH was concerned, I ruled it out as a buy > candidate early on. There were several issues with > CVH. First was the lack of confirming strength in the > group - although the group ranking was high, other > stocks in the group either didn't have a proper base > (SIE), or had a wide and loose base (MME). I avoid > groups like this. Second CVH was overowned by > institutions - over 90% of ownership. WON's rule was > less than 50% institutional ownership. Third was a > non-CANSLIM issue: CVH was being investigated for > overcharging government. Although it was an old issue, > as long as it remained unresolved, there could always > be surprises. > > One final note. I don't think taking a 7% loss on > every losing trade is ok. If one takes a 7% loss in a > string of 5 trades (a finite probability), that's a > third of capital lost - too much for any trading > method, considering how hard it is to have a 50% > return (the amount needed to come back). My > understanding of it is that WON didn't intend 7% to be > where you place the stop order. Instead it's the > maximum allowable loss for a single trade. Usually it > should take a screwup to have a 7% loss. If one buys a > stock correctly, a 2-3% loss is achievable if the > stock fails. Sometimes one can even exit with a small > profit if the chart is read correctly. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Finance - Get real-time stock quotes > http://finance.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 08:50:07 -0400 John, if you want to view more than a 10 day chart at Big Charts, just change the setting for "Frequency" to one of the lower settings (below the line) such as Daily, Weekly, etc. The settings above the line (minute, 15 minutes, etc) only work with charts up to the last 10 days. ----- Original Message ----- Sent: Thursday, September 05, 2002 8:16 AM Hi James, Thanks for your incredible responce to my Failed Breakout and Stops! I've tried to look at the intraday charts before but didn't take them seriously enough I guess. I have noted before that big moves on high volume during the day seemed to be connected to some news or something, but was afraid it was just market makers or day trading. I can't get more than 10 days ago at BigCharts for a history on CSTR for the time frame but I think I understand that when you see a CWH pattern within a 5 day then watch for a handle to form or breakdown or up in price with high volume. Do you look at BigCharts for this intraday charting and what is you setting preference, such as 5 or 10 day/ 1 hour or 15 min.? I had been getting my volume/price information each day from my telephone service with TD Waterhouse but it looks like your intra-day charts work much better. ---- Original Message ----- Sent: Tuesday, September 03, 2002 6:44 PM > CSTR presents an interesting example of the importance > of intraday charts. There is no clue of impending > trouble on the daily chart until the stock broke down. > The intraday chart, however, telegraphed the bad news > well in advance. > > Like many other people, I too cannot follow the market > during the day and have to check charts during the > evening. When I have a position open, I check the > chart every night with no exception. > > On Thursday, Aug 22, when this rally was still > advancing, I was surprised that evening to see many > bearish charts among the leading stocks. For example, > FCN had a deterioting relative strength, CCR made a > new high but its relative strength lagged, DORL gapped > to a new high but saw no progress in daily price > (distribution), and PIXR had formed an evening star > candlestick pattern. If one or two stocks were acting > poorly it probably wouldn't have bothered me so much. > When most of the leading stocks were showing signs of > weakness the market was in trouble. At that time I was > long CCR, CSTR, DORL, NUTR, and PIXR. My first > decision was to sell CCR, DORL and PIXR at the open > next morning, and but to keep CSTR and NUTR. > > I changed my mind when I looked at the intraday chart > for CSTR. On the daily chart, CSTR had formed an > impeccible CwH base, with pp at 31.22. The breakout > was on very good volume, and reached a high of 34.2. > Because of a little overhead resistance (as mentioned > by others), it was expected to form a second handle > before breaking out to new highs. This was also noted > by the issue of IBD the day after its breakout. It > consolidated between 32 and 34 the next 5 days, with > nothing extraordinary shown on the daily chart. I was > several times tempted to add shares when it pulled to > low 32's but thougt better of it. My plan was to add > to my position when it broke out of the second handle. > I wasn't even thinking about selling it before I > looked at the intraday chart. > > I was alarmed by the intraday chart. On the intraday > chart, the consolidation between 32 and 34 showed up > as a five day CwH formation, with the appropriate > volume actions (large volume on left and right sides, > dryups on bottom and in handle). Handle high was 33.76 > which was the intraday high on Thursday. Everything > was great except for the last hour or so of Thursday. > Some heavy selling came in and broke the handle > formation (little did I know that the Off Wall Street > report was issued to its clients on that Thursday). > WON told us that heavy selling in handle was a sign of > trouble, and a good short can be entered when the > handle low was broken as the volume picked up. Of > course he was refering to daily charts. Intraday > charts work the same way except its validity is much > shorter in duration. If the market were healthy, I > probably would have expected CSTR to pullback and test > the pp and a decision could be made after the test. > But with the other leading stocks weakening, there was > no question at that point that CSTR was going to break > below its pivot point. So I decided to sell it the > next morning along with the others for a small profit. > > I was kicking myself a few days later when CSTR barely > dipped below the pp and then rallied past my sell > price. But that lasted only one day. Thank goodness > the intraday chart gave me the only clue there was. > > As far as CVH was concerned, I ruled it out as a buy > candidate early on. There were several issues with > CVH. First was the lack of confirming strength in the > group - although the group ranking was high, other > stocks in the group either didn't have a proper base > (SIE), or had a wide and loose base (MME). I avoid > groups like this. Second CVH was overowned by > institutions - over 90% of ownership. WON's rule was > less than 50% institutional ownership. Third was a > non-CANSLIM issue: CVH was being investigated for > overcharging government. Although it was an old issue, > as long as it remained unresolved, there could always > be surprises. > > One final note. I don't think taking a 7% loss on > every losing trade is ok. If one takes a 7% loss in a > string of 5 trades (a finite probability), that's a > third of capital lost - too much for any trading > method, considering how hard it is to have a 50% > return (the amount needed to come back). My > understanding of it is that WON didn't intend 7% to be > where you place the stop order. Instead it's the > maximum allowable loss for a single trade. Usually it > should take a screwup to have a 7% loss. If one buys a > stock correctly, a 2-3% loss is achievable if the > stock fails. Sometimes one can even exit with a small > profit if the chart is read correctly. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Finance - Get real-time stock quotes > http://finance.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 08:10:02 -0500 Hi James, I'll add to John's "thanks for a great post" as it's info like this that helps bring out the more subtle clues when making buy/sell decisions. I've only recently gotten into the habit of looking at hourly charts, as DGO didn't have this feature in the older version. Your post is a great insight as to how this can be helpful as a sanity check on price/volume action. Here's a resource I use regularly which also helps pick up on the more subtle aspects of buying/selling in the market: http://makeashorterlink.com/?J1B8643B1 (Thomspon I-Watch, view 8/22) This shows the trend in institutional vs. retail buying/selling over a period of time. The link above is for the view on 8/22, where it's clear there's heavy sell interest by institutions. (that day, about 3:1 Institutions:Retail activity, and 2:1 for the month to that point.) Click to a monthly view and the heavy sell interest shows up leading into the gap down. http://makeashorterlink.com/?N6C8523B1 (view to date, 1 month) Katherine ----- Original Message ----- Sent: Thursday, September 05, 2002 7:16 AM | Hi James, | | Thanks for your incredible responce to my Failed Breakout and Stops! I've | tried to look at the intraday charts before but didn't take them seriously | enough I guess. I have noted before that big moves on high volume during | the day seemed to be connected to some news or something, but was afraid it | was just market makers or day trading. I can't get more than 10 days ago at | BigCharts for a history on CSTR for the time frame but I think I understand | that when you see a CWH pattern within a 5 day then watch for a handle to | form or breakdown or up in price with high volume. Do you look at BigCharts | for this intraday charting and what is you setting preference, such as 5 or | 10 day/ 1 hour or 15 min.? I had been getting my volume/price information | each day from my telephone service with TD Waterhouse but it looks like your | intra-day charts work much better. | | | | | | | ---- Original Message ----- | From: "James Bond" | To: | Sent: Tuesday, September 03, 2002 6:44 PM | Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | | | > CSTR presents an interesting example of the importance | > of intraday charts. There is no clue of impending | > trouble on the daily chart until the stock broke down. | > The intraday chart, however, telegraphed the bad news | > well in advance. | > | > Like many other people, I too cannot follow the market | > during the day and have to check charts during the | > evening. When I have a position open, I check the | > chart every night with no exception. | > | > On Thursday, Aug 22, when this rally was still | > advancing, I was surprised that evening to see many | > bearish charts among the leading stocks. For example, | > FCN had a deterioting relative strength, CCR made a | > new high but its relative strength lagged, DORL gapped | > to a new high but saw no progress in daily price | > (distribution), and PIXR had formed an evening star | > candlestick pattern. If one or two stocks were acting | > poorly it probably wouldn't have bothered me so much. | > When most of the leading stocks were showing signs of | > weakness the market was in trouble. At that time I was | > long CCR, CSTR, DORL, NUTR, and PIXR. My first | > decision was to sell CCR, DORL and PIXR at the open | > next morning, and but to keep CSTR and NUTR. | > | > I changed my mind when I looked at the intraday chart | > for CSTR. On the daily chart, CSTR had formed an | > impeccible CwH base, with pp at 31.22. The breakout | > was on very good volume, and reached a high of 34.2. | > Because of a little overhead resistance (as mentioned | > by others), it was expected to form a second handle | > before breaking out to new highs. This was also noted | > by the issue of IBD the day after its breakout. It | > consolidated between 32 and 34 the next 5 days, with | > nothing extraordinary shown on the daily chart. I was | > several times tempted to add shares when it pulled to | > low 32's but thougt better of it. My plan was to add | > to my position when it broke out of the second handle. | > I wasn't even thinking about selling it before I | > looked at the intraday chart. | > | > I was alarmed by the intraday chart. On the intraday | > chart, the consolidation between 32 and 34 showed up | > as a five day CwH formation, with the appropriate | > volume actions (large volume on left and right sides, | > dryups on bottom and in handle). Handle high was 33.76 | > which was the intraday high on Thursday. Everything | > was great except for the last hour or so of Thursday. | > Some heavy selling came in and broke the handle | > formation (little did I know that the Off Wall Street | > report was issued to its clients on that Thursday). | > WON told us that heavy selling in handle was a sign of | > trouble, and a good short can be entered when the | > handle low was broken as the volume picked up. Of | > course he was refering to daily charts. Intraday | > charts work the same way except its validity is much | > shorter in duration. If the market were healthy, I | > probably would have expected CSTR to pullback and test | > the pp and a decision could be made after the test. | > But with the other leading stocks weakening, there was | > no question at that point that CSTR was going to break | > below its pivot point. So I decided to sell it the | > next morning along with the others for a small profit. | > | > I was kicking myself a few days later when CSTR barely | > dipped below the pp and then rallied past my sell | > price. But that lasted only one day. Thank goodness | > the intraday chart gave me the only clue there was. | > | > As far as CVH was concerned, I ruled it out as a buy | > candidate early on. There were several issues with | > CVH. First was the lack of confirming strength in the | > group - although the group ranking was high, other | > stocks in the group either didn't have a proper base | > (SIE), or had a wide and loose base (MME). I avoid | > groups like this. Second CVH was overowned by | > institutions - over 90% of ownership. WON's rule was | > less than 50% institutional ownership. Third was a | > non-CANSLIM issue: CVH was being investigated for | > overcharging government. Although it was an old issue, | > as long as it remained unresolved, there could always | > be surprises. | > | > One final note. I don't think taking a 7% loss on | > every losing trade is ok. If one takes a 7% loss in a | > string of 5 trades (a finite probability), that's a | > third of capital lost - too much for any trading | > method, considering how hard it is to have a 50% | > return (the amount needed to come back). My | > understanding of it is that WON didn't intend 7% to be | > where you place the stop order. Instead it's the | > maximum allowable loss for a single trade. Usually it | > should take a screwup to have a 7% loss. If one buys a | > stock correctly, a 2-3% loss is achievable if the | > stock fails. Sometimes one can even exit with a small | > profit if the chart is read correctly. | > | > __________________________________________________ | > Do You Yahoo!? | > Yahoo! Finance - Get real-time stock quotes | > http://finance.yahoo.com | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Sol Mayer Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 07:01:41 -0700 (PDT) --0-2032063560-1031234501=:10885 Content-Type: text/plain; charset=us-ascii Katherine Firstly, thank you for your informative links almost everyone goes into my "favorites" Concrerning the failed b/o of CSTR from 8/16 until the stk broke down all the action was on low volume so I'd think even though the institutional vol. was 3:1 on 8/22 I probably wouldn't have thought it to be distribution I would have thought it was just consolidation of b/o on low vol. . Also, the monthly institutional 2:1 volume I would have attributed to buying the b/o Obviously I missed something can you clarify. Thanks Katherine Malm wrote:Hi James, I'll add to John's "thanks for a great post" as it's info like this that helps bring out the more subtle clues when making buy/sell decisions. I've only recently gotten into the habit of looking at hourly charts, as DGO didn't have this feature in the older version. Your post is a great insight as to how this can be helpful as a sanity check on price/volume action. Here's a resource I use regularly which also helps pick up on the more subtle aspects of buying/selling in the market: http://makeashorterlink.com/?J1B8643B1 (Thomspon I-Watch, view 8/22) This shows the trend in institutional vs. retail buying/selling over a period of time. The link above is for the view on 8/22, where it's clear there's heavy sell interest by institutions. (that day, about 3:1 Institutions:Retail activity, and 2:1 for the month to that point.) Click to a monthly view and the heavy sell interest shows up leading into the gap down. http://makeashorterlink.com/?N6C8523B1 (view to date, 1 month) Katherine ----- Original Message ----- Sent: Thursday, September 05, 2002 7:16 AM | Hi James, | | Thanks for your incredible responce to my Failed Breakout and Stops! I've | tried to look at the intraday charts before but didn't take them seriously | enough I guess. I have noted before that big moves on high volume during | the day seemed to be connected to some news or something, but was afraid it | was just market makers or day trading. I can't get more than 10 days ago at | BigCharts for a history on CSTR for the time frame but I think I understand | that when you see a CWH pattern within a 5 day then watch for a handle to | form or breakdown or up in price with high volume. Do you look at BigCharts | for this intraday charting and what is you setting preference, such as 5 or | 10 day/ 1 hour or 15 min.? I had been getting my volume/price information | each day from my telephone service with TD Waterhouse but it looks like your | intra-day charts work much better. | | | | | | | ---- Original Message ----- | From: "James Bond" | To: | Sent: Tuesday, September 03, 2002 6:44 PM | Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | | | > CSTR presents an interesting example of the importance | > of intraday charts. There is no clue of impending | > trouble on the daily chart until the stock broke down. | > The intraday chart, however, telegraphed the bad news | > well in advance. | > | > Like many other people, I too cannot follow the market | > during the day and have to check charts during the | > evening. When I have a position open, I check the | > chart every night with no exception. | > | > On Thursday, Aug 22, when this rally was still | > advancing, I was surprised that evening to see many | > bearish charts among the leading stocks. For example, | > FCN had a deterioting relative strength, CCR made a | > new high but its relative strength lagged, DORL gapped | > to a new high but saw no progress in daily price | > (distribution), and PIXR had formed an evening star | > candlestick pattern. If one or two stocks were acting | > poorly it probably wouldn't have bothered me so much. | > When most of the leading stocks were showing signs of | > weakness the market was in trouble. At that time I was | > long CCR, CSTR, DORL, NUTR, and PIXR. My first | > decision was to sell CCR, DORL and PIXR at the open | > next morning, and but to keep CSTR and NUTR. | > | > I changed my mind when I looked at the intraday chart | > for CSTR. On the daily chart, CSTR had formed an | > impeccible CwH base, with pp at 31.22. The breakout | > was on very good volume, and reached a high of 34.2. | > Because of a little overhead resistance (as mentioned | > by others), it was expected to form a second handle | > before breaking out to new highs. This was also noted | > by the issue of IBD the day after its breakout. It | > consolidated between 32 and 34 the next 5 days, with | > nothing extraordinary shown on the daily chart. I was | > several times tempted to add shares when it pulled to | > low 32's but thougt better of it. My plan was to add | > to my position when it broke out of the second handle. | > I wasn't even thinking about selling it before I | > looked at the intraday chart. | > | > I was alarmed by the intraday chart. On the intraday | > chart, the consolidation between 32 and 34 showed up | > as a five day CwH formation, with the appropriate | > volume actions (large volume on left and right sides, | > dryups on bottom and in handle). Handle high was 33.76 | > which was the intraday high on Thursday. Everything | > was great except for the last hour or so of Thursday. | > Some heavy selling came in and broke the handle | > formation (little did I know that the Off Wall Street | > report was issued to its clients on that Thursday). | > WON told us that heavy selling in handle was a sign of | > trouble, and a good short can be entered when the | > handle low was broken as the volume picked up. Of | > course he was refering to daily charts. Intraday | > charts work the same way except its validity is much | > shorter in duration. If the market were healthy, I | > probably would have expected CSTR to pullback and test | > the pp and a decision could be made after the test. | > But with the other leading stocks weakening, there was | > no question at that point that CSTR was going to break | > below its pivot point. So I decided to sell it the | > next morning along with the others for a small profit. | > | > I was kicking myself a few days later when CSTR barely | > dipped below the pp and then rallied past my sell | > price. But that lasted only one day. Thank goodness | > the intraday chart gave me the only clue there was. | > | > As far as CVH was concerned, I ruled it out as a buy | > candidate early on. There were several issues with | > CVH. First was the lack of confirming strength in the | > group - although the group ranking was high, other | > stocks in the group either didn't have a proper base | > (SIE), or had a wide and loose base (MME). I avoid | > groups like this. Second CVH was overowned by | > institutions - over 90% of ownership. WON's rule was | > less than 50% institutional ownership. Third was a | > non-CANSLIM issue: CVH was being investigated for | > overcharging government. Although it was an old issue, | > as long as it remained unresolved, there could always | > be surprises. | > | > One final note. I don't think taking a 7% loss on | > every losing trade is ok. If one takes a 7% loss in a | > string of 5 trades (a finite probability), that's a | > third of capital lost - too much for any trading | > method, considering how hard it is to have a 50% | > return (the amount needed to come back). My | > understanding of it is that WON didn't intend 7% to be | > where you place the stop order. Instead it's the | > maximum allowable loss for a single trade. Usually it | > should take a screwup to have a 7% loss. If one buys a | > stock correctly, a 2-3% loss is achievable if the | > stock fails. Sometimes one can even exit with a small | > profit if the chart is read correctly. | > | > __________________________________________________ | > Do You Yahoo!? | > Yahoo! Finance - Get real-time stock quotes | > http://finance.yahoo.com | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes --0-2032063560-1031234501=:10885 Content-Type: text/html; charset=us-ascii

Katherine

Firstly, thank you for your informative links almost everyone goes into my "favorites"

Concrerning the failed b/o of CSTR  from 8/16 until the stk broke down all the action was on low volume so I'd think even though the institutional vol. was 3:1 on 8/22 I probably wouldn't have thought it to be distribution I would have thought it was just consolidation of b/o on low vol.  . Also, the monthly institutional 2:1 volume I would have attributed to buying the b/o  Obviously I missed something can you clarify.

Thanks

 Katherine Malm wrote:

Hi James,

I'll add to John's "thanks for a great post" as it's info like this that
helps bring out the more subtle clues when making buy/sell decisions. I've
only recently gotten into the habit of looking at hourly charts, as DGO
didn't have this feature in the older version. Your post is a great insight
as to how this can be helpful as a sanity check on price/volume action.

Here's a resource I use regularly which also helps pick up on the more
subtle aspects of buying/selling in the market:

http://makeashorterlink.com/?J1B8643B1 (Thomspon I-Watch, view 8/22)


This shows the trend in institutional vs. retail buying/selling over a
period of time. The link above is for the view on 8/22, where it's clear
there's heavy sell interest by institutions. (that day, about 3:1
Institutions:Retail activity, and 2:1 for the month to that point.) Click to
a monthly view and the heavy sell interest shows up leading into the gap
down.

http://makeashorterlink.com/?N6C8523B1 (view to date, 1 month)

Katherine

----- Original Message -----
From: "John Calkins"
To:
Sent: Thursday, September 05, 2002 7:16 AM
Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis


| Hi James,
|
| Thanks for your incredible responce to my Failed Breakout and Stops! I've
| tried to look at the intraday charts before but didn't take them seriously
| enough I guess. I have noted before that big moves on high volume during
| the day seemed to be connected to some news or something, but was afraid
it
| was just market makers or day trading. I can't get more than 10 days ago
at
| BigCharts for a history on CSTR for the time frame but I think I
understand
| that when you see a CWH pattern within a 5 day then watch for a handle to
| form or breakdown or up in price with high volume. Do you look at
BigCharts
| for this intraday charting and what is you setting preference, such as 5
or
| 10 day/ 1 hour or 15 min.? I had been getting my volume/price information
| each day from my telephone service with TD Waterhouse but it looks like
your
| intra-day charts work much better.
|
|
|
|
|
|
| ---- Original Message -----
| From: "James Bond"
| To:
| Sent: Tuesday, September 03, 2002 6:44 PM
| Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis
|
|
| > CSTR presents an interesting example of the importance
| > of intraday charts. There is no clue of impending
| > trouble on the daily chart until the stock broke down.
| > The intraday chart, however, telegraphed the bad news
| > well in advance.
| >
| > Like many other people, I too cannot follow the market
| > during the day and have to check charts during the
| > evening. When I have a position open, I check the
| > chart every night with no exception.
| >
| > On Thursday, Aug 22, when this rally was still
| > advancing, I was surprised that evening to see many
| > bearish charts among the leading stocks. For example,
| > FCN had a deterioting relative strength, CCR made a
| > new high but its relative strength lagged, DORL gapped
| > to a new high but saw no progress in daily price
| > (distribution), and PIXR had formed an evening star
| > candlestick pattern. If one or two stocks were acting
| > poorly it probably wouldn't have bothered me so much.
| > When most of the leading stocks were showing signs of
| > weakness the market was in trouble. At that time I was
| > long CCR, CSTR, DORL, NUTR, and PIXR. My first
| > decision was to sell CCR, DORL and PIXR at the open
| > next morning, and but to keep CSTR and NUTR.
| >
| > I changed my mind when I looked at the intraday chart
| > for CSTR. On the daily chart, CSTR had formed an
| > impeccible CwH base, with pp at 31.22. The breakout
| > was on very good volume, and reached a high of 34.2.
| > Because of a little overhead resistance (as mentioned
| > by others), it was expected to form a second handle
| > before breaking out to new highs. This was also noted
| > by the issue of IBD the day after its breakout. It
| > consolidated between 32 and 34 the next 5 days, with
| > nothing extraordinary shown on the daily chart. I was
| > several times tempted to add shares when it pulled to
| > low 32's but thougt better of it. My plan was to add
| > to my position when it broke out of the second handle.
| > I wasn't even thinking about selling it before I
| > looked at the intraday chart.
| >
| > I was alarmed by the intraday chart. On the intraday
| > chart, the consolidation between 32 and 34 showed up
| > as a five day CwH formation, with the appropriate
| > volume actions (large volume on left and right sides,
| > dryups on bottom and in handle). Handle high was 33.76
| > which was the intraday high on Thursday. Everything
| > was great except for the last hour or so of Thursday.
| > Some heavy selling came in and broke the handle
| > formation (little did I know that the Off Wall Street
| > report was issued to its clients on that Thursday).
| > WON told us that heavy selling in handle was a sign of
| > trouble, and a good short can be entered when the
| > handle low was broken as the volume picked up. Of
| > course he was refering to daily charts. Intraday
| > charts work the same way except its validity is much
| > shorter in duration. If the market were healthy, I
| > probably would have expected CSTR to pullback and test
| > the pp and a decision could be made after the test.
| > But with the other leading stocks weakening, there was
| > no question at that point that CSTR was going to break
| > below its pivot point. So I decided to sell it the
| > next morning along with the others for a small profit.
| >
| > I was kicking myself a few days later when CSTR barely
| > dipped below the pp and then rallied past my sell
| > price. But that lasted only one day. Thank goodness
| > the intraday chart gave me the only clue there was.
| >
| > As far as CVH was concerned, I ruled it out as a buy
| > candidate early on. There were several issues with
| > CVH. First was the lack of confirming strength in the
| > group - although the group ranking was high, other
| > stocks in the group either didn't have a proper base
| > (SIE), or had a wide and loose base (MME). I avoid
| > groups like this. Second CVH was overowned by
| > institutions - over 90% of ownership. WON's rule was
| > less than 50% institutional ownership. Third was a
| > non-CANSLIM issue: CVH was being investigated for
| > overcharging government. Although it was an old issue,
| > as long as it remained unresolved, there could always
| > be surprises.
| >
| > One final note. I don't think taking a 7% loss on
| > every losing trade is ok. If one takes a 7% loss in a
| > string of 5 trades (a finite probability), that's a
| > third of capital lost - too much for any trading
| > method, considering how hard it is to have a 50%
| > return (the amount needed to come back). My
| > understanding of it is that WON didn't intend 7% to be
| > where you place the stop order. Instead it's the
| > maximum allowable loss for a single trade. Usually it
| > should take a screwup to have a 7% loss. If one buys a
| > stock correctly, a 2-3% loss is achievable if the
| > stock fails. Sometimes one can even exit with a small
| > profit if the chart is read correctly.
| >
| > __________________________________________________
| > Do You Yahoo!?
| > Yahoo! Finance - Get real-time stock quotes
| > http://finance.yahoo.com
| >
| > -
| > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| > -In the email body, write "subscribe canslim" or
| > -"unsubscribe canslim". Do not use quotes in your email.
| >
|
|
| -
| -To subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the email body, write "subscribe canslim" or
| -"unsubscribe canslim". Do not use quotes in your email.


-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.


Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes --0-2032063560-1031234501=:10885-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 09:27:52 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0103_01C254BE.8248E550 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Sol, The I-Watch site is just a way of looking at institutional v. retail = buying and a summary of institutional buying vs. selling "interest." = There's really no direct correlation between what you see here and the = actual volume on the stock, but it does give a clue as to which = direction the institutional buyers are leaning. I've attached a quick = mark up of the monthly summary so you can see what I was looking at on = the chart.=20 http://WallStreet-LLC.com/canslim/CSTRIWatch090402.jpg The Institutional interest at 2:1 is actually a *good* thing if the = interest is primarily buying interest. I only get nervous if most of the = activity is institutional selling interest and/or most of the activity = pushing the price up is retail. Katherine ----- Original Message -----=20 From: Sol Mayer=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 9:01 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Katherine=20 Firstly, thank you for your informative links almost everyone goes = into my "favorites"=20 Concrerning the failed b/o of CSTR from 8/16 until the stk broke down = all the action was on low volume so I'd think even though the = institutional vol. was 3:1 on 8/22 I probably wouldn't have thought it = to be distribution I would have thought it was just consolidation of b/o = on low vol. . Also, the monthly institutional 2:1 volume I would have = attributed to buying the b/o Obviously I missed something can you = clarify.=20 Thanks=20 Katherine Malm wrote:=20 Hi James, I'll add to John's "thanks for a great post" as it's info like this = that helps bring out the more subtle clues when making buy/sell = decisions. I've only recently gotten into the habit of looking at hourly charts, as = DGO didn't have this feature in the older version. Your post is a great = insight as to how this can be helpful as a sanity check on price/volume = action. Here's a resource I use regularly which also helps pick up on the = more subtle aspects of buying/selling in the market: http://makeashorterlink.com/?J1B8643B1 (Thomspon I-Watch, view 8/22) This shows the trend in institutional vs. retail buying/selling over = a period of time. The link above is for the view on 8/22, where it's = clear there's heavy sell interest by institutions. (that day, about 3:1 Institutions:Retail activity, and 2:1 for the month to that point.) = Click to a monthly view and the heavy sell interest shows up leading into the = gap down. http://makeashorterlink.com/?N6C8523B1 (view to date, 1 month) Katherine ----- Original Message ----- From: "John Calkins"=20 To:=20 Sent: Thursday, September 05, 2002 7:16 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | Hi James, | | Thanks for your incredible responce to my Failed Breakout and = Stops! I've | tried to look at the intraday charts before but didn't take them = seriously | enough I guess. I have noted before that big moves on high volume = during | the day seemed to be connected to some news or something, but was = afraid it | was just market makers or day trading. I can't get more than 10 = days ago at | BigCharts for a history on CSTR for the time frame but I think I understand | that when you see a CWH pattern within a 5 day then watch for a = handle to | form or breakdown or up in price with high volume. Do you look at BigCharts | for this intraday charting and what is you setting preference, = such as 5 or | 10 day/ 1 hour or 15 min.? I had been getting my volume/price = information | each day from my telephone service with TD Waterhouse but it looks = like your | intra-day charts work much better. | | | | | | | ---- Original Message ----- | From: "James Bond"=20 | To:=20 | Sent: Tuesday, September 03, 2002 6:44 PM | Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | | | > CSTR presents an interesting example of the importance | > of intraday charts. There is no clue of impending | > trouble on the daily chart until the stock broke down. | > The intraday chart, however, telegraphed the bad news | > well in advance. | > | > Like many other people, I too cannot follow the market | > during the day and have to check charts during the | > evening. When I have a position open, I check the | > chart every night with no exception. | > | > On Thursday, Aug 22, when this rally was still | > advancing, I was surprised that evening to see many | > bearish charts among the leading stocks. For example, | > FCN had a deterioting relative strength, CCR made a | > new high but its relative strength lagged, DORL gapped | > to a new high but saw no progress in daily price | > (distribution), and PIXR had formed an evening star | > candlestick pattern. If one or two stocks were acting | > poorly it probably wouldn't have bothered me so much. | > When most of the leading stocks were showing signs of | > weakness the market was in trouble. At that time I was | > long CCR, CSTR, DORL, NUTR, and PIXR. My first | > decision was to sell CCR, DORL and PIXR at the open | > next morning, and but to keep CSTR and NUTR. | > | > I changed my mind when I looked at the intraday chart | > for CSTR. On the daily chart, CSTR had formed an | > impeccible CwH base, with pp at 31.22. The breakout | > was on very good volume, and reached a high of 34.2. | > Because of a little overhead resistance (as mentioned | > by others), it was expected to form a second handle | > before breaking out to new highs. This was also noted | > by the issue of IBD the day after its breakout. It | > consolidated between 32 and 34 the next 5 days, with | > nothing extraordinary shown on the daily chart. I was | > several times tempted to add shares when it pulled to | > low 32's but thougt better of it. My plan was to add | > to my position when it broke out of the second handle. | > I wasn't even thinking about selling it before I | > looked at the intraday chart. | > | > I was alarmed by the intraday chart. On the intraday | > chart, the consolidation between 32 and 34 showed up | > as a five day CwH formation, with the appropriate | > volume actions (large volume on left and right sides, | > dryups on bottom and in handle). Handle high was 33.76 | > which was the intraday high on Thursday. Everything | > was great except for the last hour or so of Thursday. | > Some heavy selling came in and broke the handle | > formation (little did I know that the Off Wall Street | > report was issued to its clients on that Thursday). | > WON told us that heavy selling in handle was a sign of | > trouble, and a good short can be entered when the | > handle low was broken as the volume picked up. Of | > course he was refering to daily charts. Intraday | > charts work the same way except its validity is much | > shorter in duration. If the market were healthy, I | > probably would have expected CSTR to pullback and test | > the pp and a decision could be made after the test. | > But with the other leading stocks weakening, there was | > no question at that point that CSTR was going to break | > below its pivot point. So I decided to sell it the | > next morning along with the others for a small profit. | > | > I was kicking myself a few days later when CSTR barely | > dipped below the pp and then rallied past my sell | > price. But that lasted only one day. Thank goodness | > the intraday chart gave me the only clue there was. | > | > As far as CVH was concerned, I ruled it out as a buy | > candidate early on. There were several issues with | > CVH. First was the lack of confirming strength in the | > group - although the group ranking was high, other | > stocks in the group either didn't have a proper base | > (SIE), or had a wide and loose base (MME). I avoid | > groups like this. Second CVH was overowned by | > institutions - over 90% of ownership. WON's rule was | > less than 50% institutional ownership. Third was a | > non-CANSLIM issue: CVH was being investigated for | > overcharging government. Although it was an old issue, | > as long as it remained unresolved, there could always | > be surprises. | > | > One final note. I don't think taking a 7% loss on | > every losing trade is ok. If one takes a 7% loss in a | > string of 5 trades (a finite probability), that's a | > third of capital lost - too much for any trading | > method, considering how hard it is to have a 50% | > return (the amount needed to come back). My | > understanding of it is that WON didn't intend 7% to be | > where you place the stop order. Instead it's the | > maximum allowable loss for a single trade. Usually it | > should take a screwup to have a 7% loss. If one buys a | > stock correctly, a 2-3% loss is achievable if the | > stock fails. Sometimes one can even exit with a small | > profit if the chart is read correctly. ------=_NextPart_000_0103_01C254BE.8248E550 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Sol,
 
The I-Watch site is just a way of looking at institutional v. = retail buying=20 and a summary of institutional buying vs. selling "interest." There's = really no=20 direct correlation between what you see here and the actual volume on = the stock,=20 but it does give a clue as to which direction the institutional buyers = are=20 leaning. I've attached a quick mark up of the monthly summary so you can = see=20 what I was looking at on the chart.
 
http://Wa= llStreet-LLC.com/canslim/CSTRIWatch090402.jpg
 
The Institutional interest at 2:1 is actually a *good* thing if the = interest is primarily buying interest. I only get nervous if most of the = activity is institutional selling interest and/or most of the activity = pushing=20 the price up is retail.
 
Katherine
----- Original Message -----
From:=20 Sol = Mayer=20
Sent: Thursday, September 05, = 2002 9:01=20 AM
Subject: Re: [CANSLIM] CSTR CVH = Failed=20 breakouts Post Analysis

Katherine=20

Firstly, thank you for your informative links almost everyone goes = into my=20 "favorites"=20

Concrerning the failed b/o of CSTR  from 8/16 until the stk = broke down=20 all the action was on low volume so I'd think even though the = institutional=20 vol. was 3:1 on 8/22 I probably wouldn't have thought it to be = distribution I=20 would have thought it was just consolidation of b/o on low = vol.=20  . Also, the monthly institutional 2:1 volume I would have = attributed to=20 buying the b/o  Obviously I missed something can you clarify.=20

Thanks=20

 Katherine Malm wrote:=20 Hi=20 James,

I'll add to John's "thanks for a great post" as it's = info like=20 this that
helps bring out the more subtle clues when making = buy/sell=20 decisions. I've
only recently gotten into the habit of looking at = hourly=20 charts, as DGO
didn't have this feature in the older version. = Your post=20 is a great insight
as to how this can be helpful as a sanity = check on=20 price/volume action.

Here's a resource I use regularly which = also=20 helps pick up on the more
subtle aspects of buying/selling in the = market:

http://makeashorterlink.com/?J1B8643B1 (Thomspon = I-Watch,=20 view 8/22)


This shows the trend in institutional vs. = retail=20 buying/selling over a
period of time. The link above is for the = view on=20 8/22, where it's clear
there's heavy sell interest by = institutions. (that=20 day, about 3:1
Institutions:Retail activity, and 2:1 for the = month to=20 that point.) Click to
a monthly view and the heavy sell interest = shows up=20 leading into the = gap
down.

http://makeashorterlink.com/?N6C8523B1=20 (view to date, 1 month)

Katherine

----- Original = Message=20 -----
From: "John Calkins"
To:=20
Sent: Thursday, September 05, 2002 = 7:16=20 AM
Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post=20 Analysis


| Hi James,
|
| Thanks for your incredible = responce to my Failed Breakout and Stops! I've
| tried to look at = the=20 intraday charts before but didn't take them seriously
| enough I = guess. I=20 have noted before that big moves on high volume during
| the day = seemed=20 to be connected to some news or something, but was afraid
it
| = was=20 just market makers or day trading. I can't get more than 10 days=20 ago
at
| BigCharts for a history on CSTR for the time frame = but I=20 think I
understand
| that when you see a CWH pattern within a = 5 day=20 then watch for a handle to
| form or breakdown or up in price = with high=20 volume. Do you look at
BigCharts
| for this intraday charting = and what=20 is you setting preference, such as 5
or
| 10 day/ 1 hour or 15 = min.? I=20 had been getting my volume/price information
| each day from my = telephone=20 service with TD Waterhouse but it looks like
your
| intra-day = charts=20 work much better.
|
|
|
|
|
|
| ---- Original = Message=20 -----
| From: "James Bond"
| To:=20
| Sent: Tuesday, September 03, 2002 = 6:44=20 PM
| Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post=20 Analysis
|
|
| > CSTR presents an interesting example of = the=20 importance
| > of intraday charts. There is no clue of = impending
|=20 > trouble on the daily chart until the stock broke down.
| = > The=20 intraday chart, however, telegraphed the bad news
| > well in=20 advance.
| >
| > Like many other people, I too cannot = follow the=20 market
| > during the day and have to check charts during = the
|=20 > evening. When I have a position open, I check the
| > = chart every=20 night with no exception.
| >
| > On Thursday, Aug 22, = when this=20 rally was still
| > advancing, I was surprised that evening to = see=20 many
| > bearish charts among the leading stocks. For = example,
|=20 > FCN had a deterioting relative strength, CCR made a
| > = new high=20 but its relative strength lagged, DORL gapped
| > to a new = high but=20 saw no progress in daily price
| > (distribution), and PIXR = had formed=20 an evening star
| > candlestick pattern. If one or two stocks = were=20 acting
| > poorly it probably wouldn't have bothered me so = much.
|=20 > When most of the leading stocks were showing signs of
| > = weakness the market was in trouble. At that time I was
| > = long CCR,=20 CSTR, DORL, NUTR, and PIXR. My first
| > decision was to sell = CCR,=20 DORL and PIXR at the open
| > next morning, and but to keep = CSTR and=20 NUTR.
| >
| > I changed my mind when I looked at the = intraday=20 chart
| > for CSTR. On the daily chart, CSTR had formed = an
| >=20 impeccible CwH base, with pp at 31.22. The breakout
| > was on = very=20 good volume, and reached a high of 34.2.
| > Because of a = little=20 overhead resistance (as mentioned
| > by others), it was = expected to=20 form a second handle
| > before breaking out to new highs. = This was=20 also noted
| > by the issue of IBD the day after its breakout. = It
|=20 > consolidated between 32 and 34 the next 5 days, with
| > = nothing=20 extraordinary shown on the daily chart. I was
| > several = times=20 tempted to add shares when it pulled to
| > low 32's but = thougt better=20 of it. My plan was to add
| > to my position when it broke out = of the=20 second handle.
| > I wasn't even thinking about selling it = before=20 I
| > looked at the intraday chart.
| >
| > I was = alarmed=20 by the intraday chart. On the intraday
| > chart, the = consolidation=20 between 32 and 34 showed up
| > as a five day CwH formation, = with the=20 appropriate
| > volume actions (large volume on left and right = sides,
| > dryups on bottom and in handle). Handle high was = 33.76
|=20 > which was the intraday high on Thursday. Everything
| > = was great=20 except for the last hour or so of Thursday.
| > Some heavy = selling=20 came in and broke the handle
| > formation (little did I know = that the=20 Off Wall Street
| > report was issued to its clients on that=20 Thursday).
| > WON told us that heavy selling in handle was a = sign=20 of
| > trouble, and a good short can be entered when the
| = >=20 handle low was broken as the volume picked up. Of
| > course = he was=20 refering to daily charts. Intraday
| > charts work the same = way except=20 its validity is much
| > shorter in duration. If the market = were=20 healthy, I
| > probably would have expected CSTR to pullback = and=20 test
| > the pp and a decision could be made after the = test.
| >=20 But with the other leading stocks weakening, there was
| > no = question=20 at that point that CSTR was going to break
| > below its pivot = point.=20 So I decided to sell it the
| > next morning along with the = others for=20 a small profit.
| >
| > I was kicking myself a few days = later=20 when CSTR barely
| > dipped below the pp and then rallied past = my=20 sell
| > price. But that lasted only one day. Thank = goodness
| >=20 the intraday chart gave me the only clue there was.
| >
| = > As=20 far as CVH was concerned, I ruled it out as a buy
| > = candidate early=20 on. There were several issues with
| > CVH. First was the lack = of=20 confirming strength in the
| > group - although the group = ranking was=20 high, other
| > stocks in the group either didn't have a = proper=20 base
| > (SIE), or had a wide and loose base (MME). I = avoid
| >=20 groups like this. Second CVH was overowned by
| > institutions = - over=20 90% of ownership. WON's rule was
| > less than 50% = institutional=20 ownership. Third was a
| > non-CANSLIM issue: CVH was being=20 investigated for
| > overcharging government. Although it was = an old=20 issue,
| > as long as it remained unresolved, there could = always
|=20 > be surprises.
| >
| > One final note. I don't think = taking=20 a 7% loss on
| > every losing trade is ok. If one takes a 7% = loss in=20 a
| > string of 5 trades (a finite probability), that's a
| = >=20 third of capital lost - too much for any trading
| > method,=20 considering how hard it is to have a 50%
| > return (the = amount needed=20 to come back). My
| > understanding of it is that WON didn't = intend 7%=20 to be
| > where you place the stop order. Instead it's = the
| >=20 maximum allowable loss for a single trade. Usually it
| > = should take=20 a screwup to have a 7% loss. If one buys a
| > stock = correctly, a 2-3%=20 loss is achievable if the
| > stock fails. Sometimes one can = even exit=20 with a small
| > profit if the chart is read=20 correctly.
------=_NextPart_000_0103_01C254BE.8248E550-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Wedging example: CECO Date: 05 Sep 2002 09:37:51 -0500 Hi Kelly, For the most part, the action on the right side of CECO's "V" cup was wedging, just as you noted. You had to pick the toughest chart in the *universe* though.... Prior to that sudden V-cup, the basing action was actually constructive. Since then, it's pretty much a nightmare of activity and very difficult to read. The first area you marked as a pivot is iffy for 2 reasons. First, the base, having been so deep, has to be at least 6 weeks in length to be valid. That means the earliest a valid pivot could form would be about 8/2. You can see the action there is a little suspect, forming a sloppy handle at best. In the handle itself, you actually want to see volume dry up, but the problem is that this stock took a big plunge at the start of the handle. One could certainly argue that the handle "moved sideways" but I'd be disinclined to do so because of the wedging action to get there. That, combined with a very low volume breakout attempt on 8/15 just seals the deal...this stock didn't want to go *anywhere.* I'll bet the strong action in the group has had more to do with it's ability to hang in there than anything else. I wouldn't, as a result look at the high 8/16 as a "pivot" but instead a pull back into the base. The only thing that can save CECO at this point is a nice tight sideways consolidation on quiet volume. If it can do that, then I'd say it's ready to move on. If it stays wide and loose as it's been, then hasta la vista baby. Katherine ----- Original Message ----- Sent: Wednesday, September 04, 2002 8:34 PM | Katherine, | | To continue your point on wedging- would this stock be an example of wedging | action? | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif | | Kelly | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Wedging example: CECO Date: 05 Sep 2002 09:41:34 -0500 Here's a good wedging example: http://WallStreet-LLC.com/canslim/PHA090402.jpg ----- Original Message ----- Sent: Thursday, September 05, 2002 9:37 AM | Hi Kelly, | | For the most part, the action on the right side of CECO's "V" cup was | wedging, just as you noted. You had to pick the toughest chart in the | *universe* though.... Prior to that sudden V-cup, the basing action was | actually constructive. Since then, it's pretty much a nightmare of activity | and very difficult to read. The first area you marked as a pivot is iffy for | 2 reasons. First, the base, having been so deep, has to be at least 6 weeks | in length to be valid. That means the earliest a valid pivot could form | would be about 8/2. You can see the action there is a little suspect, | forming a sloppy handle at best. In the handle itself, you actually want to | see volume dry up, but the problem is that this stock took a big plunge at | the start of the handle. One could certainly argue that the handle "moved | sideways" but I'd be disinclined to do so because of the wedging action to | get there. That, combined with a very low volume breakout attempt on 8/15 | just seals the deal...this stock didn't want to go *anywhere.* I'll bet the | strong action in the group has had more to do with it's ability to hang in | there than anything else. I wouldn't, as a result look at the high 8/16 as a | "pivot" but instead a pull back into the base. The only thing that can save | CECO at this point is a nice tight sideways consolidation on quiet volume. | If it can do that, then I'd say it's ready to move on. If it stays wide and | loose as it's been, then hasta la vista baby. | | Katherine | ----- Original Message ----- | From: "Kelly Short" | To: | Sent: Wednesday, September 04, 2002 8:34 PM | Subject: [CANSLIM] Wedging example: CECO | | | | Katherine, | | | | To continue your point on wedging- would this stock be an example of | wedging | | action? | | | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif | | | | Kelly | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Wedging example: CECO Date: 05 Sep 2002 10:51:04 -0400 Also divergence? DanF ----- Original Message ----- Sent: Thursday, September 05, 2002 10:41 AM > Here's a good wedging example: > http://WallStreet-LLC.com/canslim/PHA090402.jpg > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Thursday, September 05, 2002 9:37 AM > Subject: Re: [CANSLIM] Wedging example: CECO > > > | Hi Kelly, > | > | For the most part, the action on the right side of CECO's "V" cup was > | wedging, just as you noted. You had to pick the toughest chart in the > | *universe* though.... Prior to that sudden V-cup, the basing action was > | actually constructive. Since then, it's pretty much a nightmare of > activity > | and very difficult to read. The first area you marked as a pivot is iffy > for > | 2 reasons. First, the base, having been so deep, has to be at least 6 > weeks > | in length to be valid. That means the earliest a valid pivot could form > | would be about 8/2. You can see the action there is a little suspect, > | forming a sloppy handle at best. In the handle itself, you actually want > to > | see volume dry up, but the problem is that this stock took a big plunge at > | the start of the handle. One could certainly argue that the handle "moved > | sideways" but I'd be disinclined to do so because of the wedging action to > | get there. That, combined with a very low volume breakout attempt on 8/15 > | just seals the deal...this stock didn't want to go *anywhere.* I'll bet > the > | strong action in the group has had more to do with it's ability to hang in > | there than anything else. I wouldn't, as a result look at the high 8/16 as > a > | "pivot" but instead a pull back into the base. The only thing that can > save > | CECO at this point is a nice tight sideways consolidation on quiet volume. > | If it can do that, then I'd say it's ready to move on. If it stays wide > and > | loose as it's been, then hasta la vista baby. > | > | Katherine > | ----- Original Message ----- > | From: "Kelly Short" > | To: > | Sent: Wednesday, September 04, 2002 8:34 PM > | Subject: [CANSLIM] Wedging example: CECO > | > | > | | Katherine, > | | > | | To continue your point on wedging- would this stock be an example of > | wedging > | | action? > | | > | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif > | | > | | Kelly > | | > | | - > | | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | | -In the email body, write "subscribe canslim" or > | | -"unsubscribe canslim". Do not use quotes in your email. > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Wedging example: CECO Date: 05 Sep 2002 10:18:14 -0500 Hi Dan, Absolutely and good point...just a specific kind of divergence, i.e. Price v. Volume action. CANSLIM has several good divergence indicators such as price rising while the RS Line is nonconfirming...i.e. diverging...price moving up and the RS Line moving down. (negative divergence) A good positive divergence indicator is price falling back or moving sideways with the RS line moving up. Good indication that this stock is building steam and outperforming relative to the market, despite the price action. Katherine ----- Original Message ----- Sent: Thursday, September 05, 2002 9:51 AM | Also divergence? | | DanF | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Thursday, September 05, 2002 10:41 AM | Subject: Re: [CANSLIM] Wedging example: CECO | | | > Here's a good wedging example: | > http://WallStreet-LLC.com/canslim/PHA090402.jpg | > | > ----- Original Message ----- | > From: "Katherine Malm" | > To: | > Sent: Thursday, September 05, 2002 9:37 AM | > Subject: Re: [CANSLIM] Wedging example: CECO | > | > | > | Hi Kelly, | > | | > | For the most part, the action on the right side of CECO's "V" cup was | > | wedging, just as you noted. You had to pick the toughest chart in the | > | *universe* though.... Prior to that sudden V-cup, the basing action was | > | actually constructive. Since then, it's pretty much a nightmare of | > activity | > | and very difficult to read. The first area you marked as a pivot is iffy | > for | > | 2 reasons. First, the base, having been so deep, has to be at least 6 | > weeks | > | in length to be valid. That means the earliest a valid pivot could form | > | would be about 8/2. You can see the action there is a little suspect, | > | forming a sloppy handle at best. In the handle itself, you actually want | > to | > | see volume dry up, but the problem is that this stock took a big plunge | at | > | the start of the handle. One could certainly argue that the handle | "moved | > | sideways" but I'd be disinclined to do so because of the wedging action | to | > | get there. That, combined with a very low volume breakout attempt on | 8/15 | > | just seals the deal...this stock didn't want to go *anywhere.* I'll bet | > the | > | strong action in the group has had more to do with it's ability to hang | in | > | there than anything else. I wouldn't, as a result look at the high 8/16 | as | > a | > | "pivot" but instead a pull back into the base. The only thing that can | > save | > | CECO at this point is a nice tight sideways consolidation on quiet | volume. | > | If it can do that, then I'd say it's ready to move on. If it stays wide | > and | > | loose as it's been, then hasta la vista baby. | > | | > | Katherine | > | ----- Original Message ----- | > | From: "Kelly Short" | > | To: | > | Sent: Wednesday, September 04, 2002 8:34 PM | > | Subject: [CANSLIM] Wedging example: CECO | > | | > | | > | | Katherine, | > | | | > | | To continue your point on wedging- would this stock be an example of | > | wedging | > | | action? | > | | | > | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif | > | | | > | | Kelly | > | | | > | | - | > | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | > | | -In the email body, write "subscribe canslim" or | > | | -"unsubscribe canslim". Do not use quotes in your email. | > | | > | | > | - | > | -To subscribe/unsubscribe, email "majordomo@xmission.com" | > | -In the email body, write "subscribe canslim" or | > | -"unsubscribe canslim". Do not use quotes in your email. | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Registered letter now O.T. Date: 05 Sep 2002 08:30:03 -0700 I did too. Then I took the test...(gulp!). I have issues it seems. (g) -Bill ----- Original Message ----- Sent: Wednesday, September 04, 2002 11:57 PM > I laughed so hard I fell out of my chair!!!!! > > ----- Original Message ----- > From: Mike Gibbons > Sent: Wednesday, September 04, 2002 2:29 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Registered letter (was: Why Professionals go astray) > > Hermann, it seems that because of our respective time zones, I am the first > to read you emails. > > I think you are seeking help in the wrong discussion group. Please take the > test at this page http://www.4degreez.com/misc/personality_disorder_test.mv > and then seek help from those qualified to help you. > > I hope you get help soon. > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hermann Ertl > Sent: Tuesday, September 03, 2002 10:40 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Registered letter (was: Why Professionals go astray) > > > > From: "Tom Worley" > > Date: Tue, 3 Sep 2002 22:56:15 -0400 > > > > Wyndy, I will be interested in the response to your > > registered letter, assuming there is one. > > > > Doubting Tom, how do you know that there is no such a letter? > > You should show more objectivity. Why didn't you point to the > phoniness of the story of the Certified Letter from IBD? That was > incredulous. Where was your critical mind? > > > > snip > > Perhaps you could introduce yourself and tell us a little of > > > How about the aliases of members who suffer from MPD? > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] Wedging example: CECO Date: 05 Sep 2002 11:53:31 -0500 Is negative divergence a good sign to spot a good short candidate? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] Wedging example: CECO ission.com 09/05/2002 10:18 AM Please respond to canslim Hi Dan, Absolutely and good point...just a specific kind of divergence, i.e. Price v. Volume action. CANSLIM has several good divergence indicators such as price rising while the RS Line is nonconfirming...i.e. diverging...price moving up and the RS Line moving down. (negative divergence) A good positive divergence indicator is price falling back or moving sideways with the RS line moving up. Good indication that this stock is building steam and outperforming relative to the market, despite the price action. Katherine ----- Original Message ----- Sent: Thursday, September 05, 2002 9:51 AM | Also divergence? | | DanF | ----- Original Message ----- | From: "Katherine Malm" | To: | Sent: Thursday, September 05, 2002 10:41 AM | Subject: Re: [CANSLIM] Wedging example: CECO | | | > Here's a good wedging example: | > http://WallStreet-LLC.com/canslim/PHA090402.jpg | > | > ----- Original Message ----- | > From: "Katherine Malm" | > To: | > Sent: Thursday, September 05, 2002 9:37 AM | > Subject: Re: [CANSLIM] Wedging example: CECO | > | > | > | Hi Kelly, | > | | > | For the most part, the action on the right side of CECO's "V" cup was | > | wedging, just as you noted. You had to pick the toughest chart in the | > | *universe* though.... Prior to that sudden V-cup, the basing action was | > | actually constructive. Since then, it's pretty much a nightmare of | > activity | > | and very difficult to read. The first area you marked as a pivot is iffy | > for | > | 2 reasons. First, the base, having been so deep, has to be at least 6 | > weeks | > | in length to be valid. That means the earliest a valid pivot could form | > | would be about 8/2. You can see the action there is a little suspect, | > | forming a sloppy handle at best. In the handle itself, you actually want | > to | > | see volume dry up, but the problem is that this stock took a big plunge | at | > | the start of the handle. One could certainly argue that the handle | "moved | > | sideways" but I'd be disinclined to do so because of the wedging action | to | > | get there. That, combined with a very low volume breakout attempt on | 8/15 | > | just seals the deal...this stock didn't want to go *anywhere.* I'll bet | > the | > | strong action in the group has had more to do with it's ability to hang | in | > | there than anything else. I wouldn't, as a result look at the high 8/16 | as | > a | > | "pivot" but instead a pull back into the base. The only thing that can | > save | > | CECO at this point is a nice tight sideways consolidation on quiet | volume. | > | If it can do that, then I'd say it's ready to move on. If it stays wide | > and | > | loose as it's been, then hasta la vista baby. | > | | > | Katherine | > | ----- Original Message ----- | > | From: "Kelly Short" | > | To: | > | Sent: Wednesday, September 04, 2002 8:34 PM | > | Subject: [CANSLIM] Wedging example: CECO | > | | > | | > | | Katherine, | > | | | > | | To continue your point on wedging- would this stock be an example of | > | wedging | > | | action? | > | | | > | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif | > | | | > | | Kelly | > | | | > | | - | > | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | > | | -In the email body, write "subscribe canslim" or | > | | -"unsubscribe canslim". Do not use quotes in your email. | > | | > | | > | - | > | -To subscribe/unsubscribe, email "majordomo@xmission.com" | > | -In the email body, write "subscribe canslim" or | > | -"unsubscribe canslim". Do not use quotes in your email. | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Wedging example: CECO Date: 05 Sep 2002 12:16:51 -0500 Hi Mike, From an intermediate term CANSLIM perspective, negative divergence can signal both "stay away from a potential breakout" and/or "time to sell," depending on the technical condition, the market, etc. From a short term trading perspective, and from a short-seller's point of view, negative divergence can signal a setup. Whether one would short off a failing top (and/or breakout) or as a pullback/continuation in a downward trend is a matter of preference. The little bit that WON addresses on shorting, he much prefers continuations in downward trends....scouting setups when RS<=30 and other fundamental indicators are lagging. This is one of the reasons why there's a big "gap" in the RS's if you look at a DGO printed product company report. You'll see a lot of stocks with RS>=70ish (long setups) and a lot with RS<=30 to 40ish (short setups) and not much in between. Katherine ----- Original Message ----- Sent: Thursday, September 05, 2002 11:53 AM | | Is negative divergence a good sign to spot a good short candidate? | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.com | | | | "Katherine Malm" | To: canslim@lists.xmission.com | Sent by: cc: | owner-canslim@lists.xm Subject: Re: [CANSLIM] Wedging example: CECO | ission.com | | | 09/05/2002 10:18 AM | Please respond to | canslim | | | | | | | Hi Dan, | | Absolutely and good point...just a specific kind of divergence, i.e. Price | v. Volume action. | | CANSLIM has several good divergence indicators such as price rising while | the RS Line is nonconfirming...i.e. diverging...price moving up and the RS | Line moving down. (negative divergence) A good positive divergence | indicator | is price falling back or moving sideways with the RS line moving up. Good | indication that this stock is building steam and outperforming relative to | the market, despite the price action. | | Katherine | | ----- Original Message ----- | From: "Dan Forant" | To: | Sent: Thursday, September 05, 2002 9:51 AM | Subject: Re: [CANSLIM] Wedging example: CECO | | | | Also divergence? | | | | DanF | | ----- Original Message ----- | | From: "Katherine Malm" | | To: | | Sent: Thursday, September 05, 2002 10:41 AM | | Subject: Re: [CANSLIM] Wedging example: CECO | | | | | | > Here's a good wedging example: | | > http://WallStreet-LLC.com/canslim/PHA090402.jpg | | > | | > ----- Original Message ----- | | > From: "Katherine Malm" | | > To: | | > Sent: Thursday, September 05, 2002 9:37 AM | | > Subject: Re: [CANSLIM] Wedging example: CECO | | > | | > | | > | Hi Kelly, | | > | | | > | For the most part, the action on the right side of CECO's "V" cup was | | > | wedging, just as you noted. You had to pick the toughest chart in the | | > | *universe* though.... Prior to that sudden V-cup, the basing action | was | | > | actually constructive. Since then, it's pretty much a nightmare of | | > activity | | > | and very difficult to read. The first area you marked as a pivot is | iffy | | > for | | > | 2 reasons. First, the base, having been so deep, has to be at least 6 | | > weeks | | > | in length to be valid. That means the earliest a valid pivot could | form | | > | would be about 8/2. You can see the action there is a little suspect, | | > | forming a sloppy handle at best. In the handle itself, you actually | want | | > to | | > | see volume dry up, but the problem is that this stock took a big | plunge | | at | | > | the start of the handle. One could certainly argue that the handle | | "moved | | > | sideways" but I'd be disinclined to do so because of the wedging | action | | to | | > | get there. That, combined with a very low volume breakout attempt on | | 8/15 | | > | just seals the deal...this stock didn't want to go *anywhere.* I'll | bet | | > the | | > | strong action in the group has had more to do with it's ability to | hang | | in | | > | there than anything else. I wouldn't, as a result look at the high | 8/16 | | as | | > a | | > | "pivot" but instead a pull back into the base. The only thing that | can | | > save | | > | CECO at this point is a nice tight sideways consolidation on quiet | | volume. | | > | If it can do that, then I'd say it's ready to move on. If it stays | wide | | > and | | > | loose as it's been, then hasta la vista baby. | | > | | | > | Katherine | | > | ----- Original Message ----- | | > | From: "Kelly Short" | | > | To: | | > | Sent: Wednesday, September 04, 2002 8:34 PM | | > | Subject: [CANSLIM] Wedging example: CECO | | > | | | > | | | > | | Katherine, | | > | | | | > | | To continue your point on wedging- would this stock be an example | of | | > | wedging | | > | | action? | | > | | | | > | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif | | > | | | | > | | Kelly | | > | | | | > | | - | | > | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | > | | -In the email body, write "subscribe canslim" or | | > | | -"unsubscribe canslim". Do not use quotes in your email. | | > | | | > | | | > | - | | > | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | > | -In the email body, write "subscribe canslim" or | | > | -"unsubscribe canslim". Do not use quotes in your email. | | > | | > | | > - | | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | | > -In the email body, write "subscribe canslim" or | | > -"unsubscribe canslim". Do not use quotes in your email. | | > | | | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Wedging example: CECO Date: 05 Sep 2002 13:40:36 -0400 Mike, Yes. If for example RSI or volume is running negative while the chart is positive, there may be a reversal. However there are other signs to look for such as chart patterns that foresee a reversal or continuation. CANSLIM is one of the safest ways to go, providing M is in agreement. Make sure your informed with other trading techniques before venturing. Or paper trade for awhile. CANSLIM requires fundamental expertise. Short term trading (long & short) technical analysis. Stockchart.com has an excellent chart school. Good luck. DanF ----- Original Message ----- Sent: Thursday, September 05, 2002 12:53 PM > > Is negative divergence a good sign to spot a good short candidate? > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "Katherine Malm" > To: canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: [CANSLIM] Wedging example: CECO > ission.com > > > 09/05/2002 10:18 AM > Please respond to > canslim > > > > > > > Hi Dan, > > Absolutely and good point...just a specific kind of divergence, i.e. Price > v. Volume action. > > CANSLIM has several good divergence indicators such as price rising while > the RS Line is nonconfirming...i.e. diverging...price moving up and the RS > Line moving down. (negative divergence) A good positive divergence > indicator > is price falling back or moving sideways with the RS line moving up. Good > indication that this stock is building steam and outperforming relative to > the market, despite the price action. > > Katherine > > ----- Original Message ----- > From: "Dan Forant" > To: > Sent: Thursday, September 05, 2002 9:51 AM > Subject: Re: [CANSLIM] Wedging example: CECO > > > | Also divergence? > | > | DanF > | ----- Original Message ----- > | From: "Katherine Malm" > | To: > | Sent: Thursday, September 05, 2002 10:41 AM > | Subject: Re: [CANSLIM] Wedging example: CECO > | > | > | > Here's a good wedging example: > | > http://WallStreet-LLC.com/canslim/PHA090402.jpg > | > > | > ----- Original Message ----- > | > From: "Katherine Malm" > | > To: > | > Sent: Thursday, September 05, 2002 9:37 AM > | > Subject: Re: [CANSLIM] Wedging example: CECO > | > > | > > | > | Hi Kelly, > | > | > | > | For the most part, the action on the right side of CECO's "V" cup was > | > | wedging, just as you noted. You had to pick the toughest chart in the > | > | *universe* though.... Prior to that sudden V-cup, the basing action > was > | > | actually constructive. Since then, it's pretty much a nightmare of > | > activity > | > | and very difficult to read. The first area you marked as a pivot is > iffy > | > for > | > | 2 reasons. First, the base, having been so deep, has to be at least 6 > | > weeks > | > | in length to be valid. That means the earliest a valid pivot could > form > | > | would be about 8/2. You can see the action there is a little suspect, > | > | forming a sloppy handle at best. In the handle itself, you actually > want > | > to > | > | see volume dry up, but the problem is that this stock took a big > plunge > | at > | > | the start of the handle. One could certainly argue that the handle > | "moved > | > | sideways" but I'd be disinclined to do so because of the wedging > action > | to > | > | get there. That, combined with a very low volume breakout attempt on > | 8/15 > | > | just seals the deal...this stock didn't want to go *anywhere.* I'll > bet > | > the > | > | strong action in the group has had more to do with it's ability to > hang > | in > | > | there than anything else. I wouldn't, as a result look at the high > 8/16 > | as > | > a > | > | "pivot" but instead a pull back into the base. The only thing that > can > | > save > | > | CECO at this point is a nice tight sideways consolidation on quiet > | volume. > | > | If it can do that, then I'd say it's ready to move on. If it stays > wide > | > and > | > | loose as it's been, then hasta la vista baby. > | > | > | > | Katherine > | > | ----- Original Message ----- > | > | From: "Kelly Short" > | > | To: > | > | Sent: Wednesday, September 04, 2002 8:34 PM > | > | Subject: [CANSLIM] Wedging example: CECO > | > | > | > | > | > | | Katherine, > | > | | > | > | | To continue your point on wedging- would this stock be an example > of > | > | wedging > | > | | action? > | > | | > | > | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif > | > | | > | > | | Kelly > | > | | > | > | | - > | > | | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > | | -In the email body, write "subscribe canslim" or > | > | | -"unsubscribe canslim". Do not use quotes in your email. > | > | > | > | > | > | - > | > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > | -In the email body, write "subscribe canslim" or > | > | -"unsubscribe canslim". Do not use quotes in your email. > | > > | > > | > - > | > -To subscribe/unsubscribe, email "majordomo@xmission.com" > | > -In the email body, write "subscribe canslim" or > | > -"unsubscribe canslim". Do not use quotes in your email. > | > > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: [CANSLIM] PNRA base criterion Date: 05 Sep 2002 14:06:22 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_00E9_01C254E5.6A5DA080 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I found something very interesting in the ASK BILL section of today's = IBD. It talks about PNRA and its fourth stage base. The interesting part = of the answer is that the previous CwH base, although 9 weeks long, did = not really count as a base, because it was shorter in duration and = shallower; didn't dip closer to to its 200-day moving average, than the = other 3 bases. Also, spent lesser time under its 50-day moving average = before climbing again. Thus, they don't count this as a base. Read this, = and look at both the daily and weekly charts of PNRA. Am I missing = something here? David ------=_NextPart_000_00E9_01C254E5.6A5DA080 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I found something very interesting in = the ASK BILL=20 section of today's IBD. It talks about PNRA and its fourth stage base. = The=20 interesting part of the answer is that the previous CwH base, although 9 = weeks=20 long, did not really count as a base, because it was shorter in=20 duration and shallower; didn't dip closer to to its 200-day moving = average,=20 than the other 3 bases. Also, spent lesser time under its 50-day moving = average=20 before climbing again. Thus, they don't count this as a base. Read this, = and=20 look at both the daily and weekly charts of PNRA. Am I missing something = here?=20 David
------=_NextPart_000_00E9_01C254E5.6A5DA080-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] PNRA base criterion Date: 05 Sep 2002 14:22:35 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0179_01C254E7.ADF35860 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good grief, David. I read that and went "news to me!".....not sure I've = ever heard WON describe something quite this way, so will have to read = it a few times to absorb the point of view. I look at that "short-term = correction" area very differently. That is, I see it as an invalid base = from which I would have avoided chasing any sort of breakout. See my = read on things at: http://WallStreet-LLC.com/canslim/PNRA090502.jpg Maybe "short term correction" is just a fancy term for "invalid base." = Oh well, live and learn. Katherine ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 2:06 PM Subject: [CANSLIM] PNRA base criterion I found something very interesting in the ASK BILL section of today's = IBD. It talks about PNRA and its fourth stage base. The interesting part = of the answer is that the previous CwH base, although 9 weeks long, did = not really count as a base, because it was shorter in duration and = shallower; didn't dip closer to to its 200-day moving average, than the = other 3 bases. Also, spent lesser time under its 50-day moving average = before climbing again. Thus, they don't count this as a base. Read this, = and look at both the daily and weekly charts of PNRA. Am I missing = something here? David ------=_NextPart_000_0179_01C254E7.ADF35860 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Good grief, David. I read that and went "news to me!".....not sure = I've=20 ever heard WON describe something quite this way, so will have to read = it a few=20 times to absorb the point of view. I look at that "short-term = correction" area=20 very differently. That is, I see it as an invalid base from which I = would have=20 avoided chasing any sort of breakout.  See my read on things = at:
 
http://WallStre= et-LLC.com/canslim/PNRA090502.jpg
 
Maybe "short term correction" is just a fancy term for "invalid = base." Oh=20 well, live and learn.
 
Katherine
----- Original Message -----
From:=20 david frank
Sent: Thursday, September 05, = 2002 2:06=20 PM
Subject: [CANSLIM] PNRA base=20 criterion

I found something very interesting in = the ASK=20 BILL section of today's IBD. It talks about PNRA and its fourth stage = base.=20 The interesting part of the answer is that the previous CwH base, = although 9=20 weeks long, did not really count as a base, because it was shorter in=20 duration and shallower; didn't dip closer to to its 200-day = moving=20 average, than the other 3 bases. Also, spent lesser time under its = 50-day=20 moving average before climbing again. Thus, they don't count this as a = base.=20 Read this, and look at both the daily and weekly charts of PNRA. Am I = missing=20 something here? David
------=_NextPart_000_0179_01C254E7.ADF35860-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: [CANSLIM] Katherine's JPG links? Date: 05 Sep 2002 16:11:41 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0021_01C254F6.EC13BE00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable When I click on Katherine's DGO mark-up links, the chart appears normal = for a split second, and then gets a bit smaller and much fuzzier to the = point where the notes are virtually impossible to read. Does anyone have = a clue as to why? Is it a browser setting I need to modify? Thanks and = my apologies for a somewhat off-topic post. Jon ------=_NextPart_000_0021_01C254F6.EC13BE00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
When I click on Katherine's DGO = mark-up=20 links, the chart appears normal for a split second, and then gets a bit = smaller=20 and much fuzzier to the point where the notes are virtually impossible = to read.=20 Does anyone have a clue as to why? Is it a browser setting I need to = modify?=20 Thanks and my apologies for a somewhat off-topic post.
 
Jon
------=_NextPart_000_0021_01C254F6.EC13BE00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] Katherine's JPG links? Date: 05 Sep 2002 10:23:20 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0090_01C254C6.422B7FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Jon, In IE the image is scaled to fit in the browser window after fully loaded. You can see full size by hovering your mouse over the image - you will then see an icon appear with arrows on it. Click the icon and the image will be enlarged. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Thursday, September 05, 2002 10:12 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Katherine's JPG links? When I click on Katherine's DGO mark-up links, the chart appears normal for a split second, and then gets a bit smaller and much fuzzier to the point where the notes are virtually impossible to read. Does anyone have a clue as to why? Is it a browser setting I need to modify? Thanks and my apologies for a somewhat off-topic post. Jon ------=_NextPart_000_0090_01C254C6.422B7FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jon,
 
In IE=20 the image is scaled to fit in the browser window after fully loaded. You = can see=20 full size by hovering your mouse over the image - you will then see an = icon=20 appear with arrows on it. Click the icon and the image will be=20 enlarged.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J.=20 Lobatto
Sent: Thursday, September 05, 2002 10:12 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Katherine's = JPG=20 links?

When I click on Katherine's = DGO mark-up=20 links, the chart appears normal for a split second, and then gets a = bit=20 smaller and much fuzzier to the point where the notes are virtually = impossible=20 to read. Does anyone have a clue as to why? Is it a browser setting I = need to=20 modify? Thanks and my apologies for a somewhat off-topic = post.
 
Jon
------=_NextPart_000_0090_01C254C6.422B7FC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Katherine's JPG links? Date: 05 Sep 2002 15:57:59 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0191_01C254F5.02097490 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Jon, In addition to the feature that Mike pointed out, from within Internet = Explorer, you can also go to Tools:Internet Options:Advanced. Scroll = down to the section entitled "Multimedia" and uncheck the box entitled = "Enable Automatic Image Resizing." This will prevent any images from = automatically resizing to your window when you open them. Katherine ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 3:23 PM Subject: RE: [CANSLIM] Katherine's JPG links? Jon, In IE the image is scaled to fit in the browser window after fully = loaded. You can see full size by hovering your mouse over the image - = you will then see an icon appear with arrows on it. Click the icon and = the image will be enlarged. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Thursday, September 05, 2002 10:12 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Katherine's JPG links? When I click on Katherine's DGO mark-up links, the chart appears = normal for a split second, and then gets a bit smaller and much fuzzier = to the point where the notes are virtually impossible to read. Does = anyone have a clue as to why? Is it a browser setting I need to modify? = Thanks and my apologies for a somewhat off-topic post. Jon ------=_NextPart_000_0191_01C254F5.02097490 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Jon,
 
In addition to the feature that  Mike pointed out, from within = Internet Explorer, you can also go to Tools:Internet Options:Advanced. = Scroll=20 down to the section entitled "Multimedia" and uncheck the box entitled = "Enable=20 Automatic Image Resizing." This will prevent any images from = automatically=20 resizing to your window when you open them.
 
Katherine
----- Original Message -----
From:=20 Mike Gibbons
Sent: Thursday, September 05, = 2002 3:23=20 PM
Subject: RE: [CANSLIM] = Katherine's JPG=20 links?

Jon,
 
In=20 IE the image is scaled to fit in the browser window after fully = loaded. You=20 can see full size by hovering your mouse over the image - you will = then see an=20 icon appear with arrows on it. Click the icon and the image will be=20 enlarged.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J.=20 Lobatto
Sent: Thursday, September 05, 2002 10:12 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Katherine's = JPG=20 links?

When I click on Katherine's = DGO mark-up=20 links, the chart appears normal for a split second, and then gets a = bit=20 smaller and much fuzzier to the point where the notes are virtually=20 impossible to read. Does anyone have a clue as to why? Is it a = browser=20 setting I need to modify? Thanks and my apologies for a somewhat = off-topic=20 post.
 
Jon
------=_NextPart_000_0191_01C254F5.02097490-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "J. Lobatto" Subject: Re: [CANSLIM] Katherine's JPG links? Date: 05 Sep 2002 18:46:44 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0016_01C2550C.94A4EC00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Mike & Katherine... that solved it. Jon ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 4:23 PM Subject: RE: [CANSLIM] Katherine's JPG links? Jon, In IE the image is scaled to fit in the browser window after fully = loaded. You can see full size by hovering your mouse over the image - = you will then see an icon appear with arrows on it. Click the icon and = the image will be enlarged. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Thursday, September 05, 2002 10:12 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Katherine's JPG links? When I click on Katherine's DGO mark-up links, the chart appears = normal for a split second, and then gets a bit smaller and much fuzzier = to the point where the notes are virtually impossible to read. Does = anyone have a clue as to why? Is it a browser setting I need to modify? = Thanks and my apologies for a somewhat off-topic post. Jon ------=_NextPart_000_0016_01C2550C.94A4EC00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Mike & Katherine... = that solved=20 it.
 
Jon
----- Original Message -----
From:=20 Mike Gibbons
Sent: Thursday, September 05, = 2002 4:23=20 PM
Subject: RE: [CANSLIM] = Katherine's JPG=20 links?

Jon,
 
In=20 IE the image is scaled to fit in the browser window after fully = loaded. You=20 can see full size by hovering your mouse over the image - you will = then see an=20 icon appear with arrows on it. Click the icon and the image will be=20 enlarged.
 
Aloha,
 
Mike = Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of J.=20 Lobatto
Sent: Thursday, September 05, 2002 10:12 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Katherine's = JPG=20 links?

When I click on Katherine's = DGO mark-up=20 links, the chart appears normal for a split second, and then gets a = bit=20 smaller and much fuzzier to the point where the notes are virtually=20 impossible to read. Does anyone have a clue as to why? Is it a = browser=20 setting I need to modify? Thanks and my apologies for a somewhat = off-topic=20 post.
 
Jon
------=_NextPart_000_0016_01C2550C.94A4EC00-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] PNRA base criterion Date: 05 Sep 2002 17:57:10 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_010C_01C25505.A878ED50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, I believe these are the most confusing statements, I have = read from IBD. One thing of interest is before The "Tacoma Narrows" is a = fairly nice flat base, of around 7 weeks, which came out of the breakout = of PNRA's CwH 2nd handle. This flat base didn't breakout and failed on = May 30th, and a double bottom started on June 4th from this failure. = david ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 2:22 PM Subject: Re: [CANSLIM] PNRA base criterion Good grief, David. I read that and went "news to me!".....not sure = I've ever heard WON describe something quite this way, so will have to = read it a few times to absorb the point of view. I look at that = "short-term correction" area very differently. That is, I see it as an = invalid base from which I would have avoided chasing any sort of = breakout. See my read on things at: http://WallStreet-LLC.com/canslim/PNRA090502.jpg Maybe "short term correction" is just a fancy term for "invalid base." = Oh well, live and learn. Katherine ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 2:06 PM Subject: [CANSLIM] PNRA base criterion I found something very interesting in the ASK BILL section of = today's IBD. It talks about PNRA and its fourth stage base. The = interesting part of the answer is that the previous CwH base, although 9 = weeks long, did not really count as a base, because it was shorter in = duration and shallower; didn't dip closer to to its 200-day moving = average, than the other 3 bases. Also, spent lesser time under its = 50-day moving average before climbing again. Thus, they don't count this = as a base. Read this, and look at both the daily and weekly charts of = PNRA. Am I missing something here? David ------=_NextPart_000_010C_01C25505.A878ED50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine, I believe these are the most = confusing=20 statements, I have read from IBD. One thing of interest is before The = "Tacoma=20 Narrows" is a fairly nice flat base, of around 7 weeks, which came out = of the=20 breakout of PNRA's CwH 2nd handle. This flat base didn't breakout and = failed on=20 May 30th, and a double bottom started on June 4th from this failure.=20 david
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, September 05, = 2002 2:22=20 PM
Subject: Re: [CANSLIM] PNRA = base=20 criterion

Good grief, David. I read that and went "news to me!".....not = sure I've=20 ever heard WON describe something quite this way, so will have to read = it a=20 few times to absorb the point of view. I look at that "short-term = correction"=20 area very differently. That is, I see it as an invalid base from which = I would=20 have avoided chasing any sort of breakout.  See my read on things = at:
 
http://WallStre= et-LLC.com/canslim/PNRA090502.jpg
 
Maybe "short term correction" is just a fancy term for "invalid = base." Oh=20 well, live and learn.
 
Katherine
----- Original Message -----
From:=20 david frank
Sent: Thursday, September 05, = 2002 2:06=20 PM
Subject: [CANSLIM] PNRA base=20 criterion

I found something very interesting = in the ASK=20 BILL section of today's IBD. It talks about PNRA and its fourth = stage base.=20 The interesting part of the answer is that the previous CwH base, = although 9=20 weeks long, did not really count as a base, because it was shorter = in=20 duration and shallower; didn't dip closer to to its 200-day = moving=20 average, than the other 3 bases. Also, spent lesser time under its = 50-day=20 moving average before climbing again. Thus, they don't count this as = a base.=20 Read this, and look at both the daily and weekly charts of PNRA. Am = I=20 missing something here?=20 David
------=_NextPart_000_010C_01C25505.A878ED50-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: James Bond Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 16:26:46 -0700 (PDT) --0-358102799-1031268406=:84596 Content-Type: text/plain; charset=us-ascii John, I use stocckcharts.com to view charts. I always look at three charts for each stock: a 3 year weekly chart, a 6 month daily chart, and a 20 day hourly chart. Stockcharts.com allows one to view intraday charts for up to 1 month. Volume actions are always meaningful, even when it is market makers moving the stock. In the case of PIXR, the shakeout the day before the breakout, when the market makers cleared out all the stop orders, was a clear signal that the stock was ready to move and one could have used it as a clue for placing buy orders and stop orders. That kind of clue was crucial for people like me who cannot monitor the stock during the day. One day later the stock was already over 46 and out of the buy range. Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes --0-358102799-1031268406=:84596 Content-Type: text/html; charset=us-ascii

John,

I use stocckcharts.com  to view charts. I always look  at three charts for each stock: a 3 year weekly chart, a 6 month  daily chart, and a 20 day  hourly chart. Stockcharts.com allows one to  view intraday charts for up  to 1 month.

Volume actions are always meaningful, even when it is market makers moving the stock. In the case  of PIXR, the shakeout the day before the breakout, when the market makers cleared out all the stop orders, was a clear signal that the stock was ready to move and one could  have used it as a clue for placing  buy orders and  stop orders. That kind of clue was crucial for people like me who cannot monitor the stock during the day. One day later the stock was already over 46 and  out of the buy range.


Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes --0-358102799-1031268406=:84596-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] PNRA base criterion Date: 05 Sep 2002 17:19:25 -0700 ------=_NextPart_001_0000_01C25500.625FC640 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thank You Katherine for the charts you put up with explanations of how yo= u are reading them. This has helped me more then anything else to try to= learn chart reading. If anyone else would consider doing this it would = be great for us that are new to reading the charts. I guess I shouldn't = speak for the others but as for me' it is really helpful. Thanks in adva= nce to you. Nancy =20 ----- Original Message ----- Sent: Thursday, September 05, 2002 3:48 PM =20 Katherine, I believe these are the most confusing statements, I have read= from IBD. One thing of interest is before The "Tacoma Narrows" is a fair= ly nice flat base, of around 7 weeks, which came out of the breakout of P= NRA's CwH 2nd handle. This flat base didn't breakout and failed on May 30= th, and a double bottom started on June 4th from this failure. david ----- Original Message ----- =20 Sent: Thursday, September 05, 2002 2:22 PM Good grief, David. I read that and went "news to me!".....not sure I've e= ver heard WON describe something quite this way, so will have to read it = a few times to absorb the point of view. I look at that "short-term corre= ction" area very differently. That is, I see it as an invalid base from w= hich I would have avoided chasing any sort of breakout. See my read on t= hings at: =20 http://WallStreet-LLC.com/canslim/PNRA090502.jpg =20 Maybe "short term correction" is just a fancy term for "invalid base." Oh= well, live and learn. =20 Katherine ----- Original Message ----- =20 Sent: Thursday, September 05, 2002 2:06 PM I found something very interesting in the ASK BILL section of today's IBD= . It talks about PNRA and its fourth stage base. The interesting part of = the answer is that the previous CwH base, although 9 weeks long, did not = really count as a base, because it was shorter in duration and shallower;= didn't dip closer to to its 200-day moving average, than the other 3 bas= es. Also, spent lesser time under its 50-day moving average before climbi= ng again. Thus, they don't count this as a base. Read this, and look at b= oth the daily and weekly charts of PNRA. Am I missing something here? Dav= id ------=_NextPart_001_0000_01C25500.625FC640 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thank You Katherine for the charts you pu= t up with explanations of how you are reading them.  This has helped= me more then anything else to try to learn chart reading.  If anyon= e else would consider doing this it would be great for us that are new to= reading the charts.  I guess I shouldn't speak for the others but&n= bsp;as for me' it is really helpful.  Thanks in advance to= you.  Nancy
 
----- Original = Message -----
From: david frank
Sent: Thursday, September 05, 2002 3:48 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] PNRA base criterion
 
Katherine, I be= lieve these are the most confusing statements, I have read from IBD. One = thing of interest is before The "Tacoma Narrows" is a fairly nice flat ba= se, of around 7 weeks, which came out of the breakout of PNRA's CwH 2nd h= andle. This flat base didn't breakout and failed on May 30th, and a doubl= e bottom started on June 4th from this failure. david
----- Original Message -----
Sent: Thursday, September 05, 2002 2:22 PM
Subject: Re: [CANSLIM] PNRA base criterion

Good grief, David. I read that and went "news to me!".....not sur= e I've ever heard WON describe something quite this way, so will have to = read it a few times to absorb the point of view. I look at that "short-te= rm correction" area very differently. That is, I see it as an invalid bas= e from which I would have avoided chasing any sort of breakout.  See= my read on things at:
 
 
Maybe "short term correc= tion" is just a fancy term for "invalid base." Oh well, live and learn.
 
Katherine
----= - Original Message -----
=
Sent: Thursday, Se= ptember 05, 2002 2:06 PM
Subject= : [CANSLIM] PNRA base criterion

I found something very interesting in the ASK BILL sect= ion of today's IBD. It talks about PNRA and its fourth stage base. The in= teresting part of the answer is that the previous CwH base, although 9 we= eks long, did not really count as a base, because it was shorter in durat= ion and shallower; didn't dip closer to to its 200-day moving averag= e, than the other 3 bases. Also, spent lesser time under its 50-day movin= g average before climbing again. Thus, they don't count this as a base. R= ead this, and look at both the daily and weekly charts of PNRA. Am I miss= ing something here? David
------=_NextPart_001_0000_01C25500.625FC640-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 19:28:47 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_011B_01C25512.74F12C10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable James, so why didn't you buy PIXR on the breakout day? Although until = that time not many breakouts to talk about. dave ----- Original Message -----=20 From: James Bond=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 6:26 PM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis John, I use stocckcharts.com to view charts. I always look at three charts = for each stock: a 3 year weekly chart, a 6 month daily chart, and a 20 = day hourly chart. Stockcharts.com allows one to view intraday charts = for up to 1 month. Volume actions are always meaningful, even when it is market makers = moving the stock. In the case of PIXR, the shakeout the day before the = breakout, when the market makers cleared out all the stop orders, was a = clear signal that the stock was ready to move and one could have used = it as a clue for placing buy orders and stop orders. That kind of clue = was crucial for people like me who cannot monitor the stock during the = day. One day later the stock was already over 46 and out of the buy = range. ----- Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes ------=_NextPart_000_011B_01C25512.74F12C10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
James, so why didn't you buy PIXR on = the breakout=20 day? Although until that time not many breakouts to talk about.=20 dave
----- Original Message -----
From:=20 James=20 Bond
Sent: Thursday, September 05, = 2002 6:26=20 PM
Subject: Re: [CANSLIM] CSTR CVH = Failed=20 breakouts Post Analysis

John,

I use stocckcharts.com  to view charts. I always look  at = three=20 charts for each stock: a 3 year weekly chart, a 6 month  daily = chart, and=20 a 20 day  hourly chart. Stockcharts.com allows one to  view = intraday=20 charts for up  to 1 month.

Volume actions are always meaningful, even when it is market makers = moving=20 the stock. In the case  of PIXR, the shakeout the day before the=20 breakout, when the market makers cleared out all the stop orders, = was a=20 clear signal that the stock was ready to move and one could  have = used it=20 as a clue for placing  buy orders and  stop orders. That = kind of=20 clue was crucial for people like me who cannot monitor the stock = during the=20 day. One day later the stock was already over 46 and  out of the = buy=20 range.


Do You Yahoo!?
Yahoo!=20 Finance - Get real-time stock quotes ------=_NextPart_000_011B_01C25512.74F12C10-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 17:27:11 -0700 ------=_NextPart_001_0001_01C25501.77A18EC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable How can you tell that this was the market makers clearing out all the sto= p orders and not the stock failing?? In the first part of 2001 the stock= looks like it was close to 46.00 and has a similar move then continued = down?? Thanks nancy =20 =20 ----- Original Message ----- Sent: Thursday, September 05, 2002 5:12 PM =20 John, I use stocckcharts.com to view charts. I always look at three charts fo= r each stock: a 3 year weekly chart, a 6 month daily chart, and a 20 day= hourly chart. Stockcharts.com allows one to view intraday charts for u= p to 1 month. Volume actions are always meaningful, even when it is market makers movin= g the stock. In the case of PIXR, the shakeout the day before the breako= ut, when the market makers cleared out all the stop orders, was a clear s= ignal that the stock was ready to move and one could have used it as a c= lue for placing buy orders and stop orders. That kind of clue was cruci= al for people like me who cannot monitor the stock during the day. One da= y later the stock was already over 46 and out of the buy range. Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes ------=_NextPart_001_0001_01C25501.77A18EC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
How can you te= ll that this was the market makers clearing out all the stop orders and n= ot the stock failing??  In the first part of 2001 the stock looks li= ke it was close to 46.00 and  has a similar move then cont= inued down?? Thanks nancy 
 
-= ---- Original Message -----
From: James Bond
Sent: Thursday, September 05, 2002 5:12 PM
=
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CSTR CVH= Failed breakouts Post Analysis
 

John,

I= use stocckcharts.com  to view charts. I always look  at three = charts for each stock: a 3 year weekly chart, a 6 month  daily chart= , and a 20 day  hourly chart. Stockcharts.com allows one to  vi= ew intraday charts for up  to 1 month.

Volume actions are alw= ays meaningful, even when it is market makers moving the stock. In the ca= se  of PIXR, the shakeout the day before the breakout, when the mark= et makers cleared out all the stop orders, was a clear signal that t= he stock was ready to move and one could  have used it as a clue for= placing  buy orders and  stop orders. That kind of clue was cr= ucial for people like me who cannot monitor the stock during the day. One= day later the stock was already over 46 and  out of the buy range.<= /P>


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------=_NextPart_001_0001_01C25501.77A18EC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: James Bond Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 18:19:36 -0700 (PDT) --- david frank wrote: > James, so why didn't you buy PIXR on the breakout > day? Although until that time not many breakouts to > talk about. dave > Did I leave that impression? I did. I placed an order to buy at the open for a half position and it was filled at 43.7. I already had a half position which was bought at 42.5 the day after the earnings came out and the stock gapped up. I know these buys violated the rules but I would not have been able to buy PIXR at all otherwise. These were actually low risk buys which is the essence of using a pivot point to determine low risk entries. The first purchase was low risk because the stock was definitely going to react positively to an earnings surprise that was not priced into the stock and was not going to crater soon after so there would be time for me to evaluate and decide whether to hold or not. The second one was because the shakeout action a day earlier not only forcasted a breakout but also provided a price to place the stop - just below the low of the shakeout which was less than 5% from the close and hopefully the open next day wouldn't gap up too much. I did similar things with CSTR and USPI, survived CSTR but got burned in USPI (took a 6% loss). __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: James Bond Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 05 Sep 2002 18:35:56 -0700 (PDT) --- NANCY POLCARO wrote: > How can you tell that this was the market makers > clearing out all the stop orders and not the stock > failing?? In the first part of 2001 the stock looks > like it was close to 46.00 and has a similar move > then continued down?? Thanks nancy > Nancy, The first clue of course is whether the stock ended the day up or down. It ended the day up. Then one has to look at the intraday chart and its relation to daily chart. Because of the gap up two days earlier, there were likely many stop orders just below the gap - the place every TA book tells you to place the stop order. When a market maker receives a big buy order, and he doesn't have that many shares to fill the order, and it was a slow day with only a handful of bids and asks (so he can't get the shares needed even if he runs the price up). Now two points below the current price there are a ton of stop orders. What is the natural thing for him to do? It's hard to see much from the action of the drop, because the volume can be either high or low depending on the number of stop orders hit. But the drop must be sudden with no hesitation. Pause during the drop would usually mean real selling rather than a shakeout. The key is the action on the bounce back. It needs to have convincing volume, to be sustained instead of erratic, and needs to come back to the high of the day. The bounce back doesn't have to happen immediately. Sometimes it happens on the next day. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] TTWO Date: 06 Sep 2002 08:08:25 -0400 nice b/o from a c&h on heavy volume yesterday, CS criteria look very good, especially in such a lousy "M" Tom Worley stkguru@bellsouth.net AIM: TexWorley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: [CANSLIM] Alan Dershowitz Date: 06 Sep 2002 08:21:17 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_004F_01C2557E.5F270C30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable This is off-topic, but can you believe IBD interviewed Alan Dershowitz = in today's IBD. Interesting interview, Alan has taken the Machiavelian = approach towards fighting terrorism. david ------=_NextPart_000_004F_01C2557E.5F270C30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
This is off-topic, but can you believe = IBD=20 interviewed Alan Dershowitz in today's IBD. Interesting = interview, Alan has=20 taken the Machiavelian approach towards fighting terrorism.=20 david
------=_NextPart_000_004F_01C2557E.5F270C30-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Marc Deiter Subject: Re: [CANSLIM] TTWO Date: 06 Sep 2002 07:05:45 -0700 (PDT) Tom, I probably haven't had enough of my diet pepsi this morning, but what does "CS criteria" mean? The C and S from CANSLIM? Thanks, Marc --- Tom Worley wrote: > nice b/o from a c&h on heavy volume yesterday, CS criteria look > very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 09:55:38 -0600 I am curious (yellow) -- sorry, bad joke that will be undersood only by those of a certain age, if no one "gets" it I will explain, if asked -- anyway, back to the subject -- whether people here have used buy stop limit orders to trigger a purchase if the price of a stock rises above the limit price. You would need to use this with some sort of manual or automatic scan for increased volume to make a good buy on a breakout, but given the volume, seems like a buy stop limit order would help one buy at the pivot point. Or not? Thanks, Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: [CANSLIM] 9-4-02 SOD Date: 06 Sep 2002 11:03:17 -0500 Can someone please send me the SOD from 9/4. I was not able to download it Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 10:02:25 -0600 That is probably my most used order. I use buy stop limits and sell stop limits almost all of the time. David -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel Sent: Friday, September 06, 2002 9:56 AM I am curious (yellow) -- sorry, bad joke that will be undersood only by those of a certain age, if no one "gets" it I will explain, if asked -- anyway, back to the subject -- whether people here have used buy stop limit orders to trigger a purchase if the price of a stock rises above the limit price. You would need to use this with some sort of manual or automatic scan for increased volume to make a good buy on a breakout, but given the volume, seems like a buy stop limit order would help one buy at the pivot point. Or not? Thanks, Warren - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Lin Wells" Subject: RE: [CANSLIM] 9-4-02 SOD Date: 06 Sep 2002 11:04:29 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0003_01C25595.2BC0AA10 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Friday, September 06, 2002 11:03 AM Can someone please send me the SOD from 9/4. I was not able to download it Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Boyd" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 16:04:35 GMT Warren, I have used these at Datek. They were based on price alone; no vol involved. There is some risk of a failed BO that retraces to the base quickly or has no vol, but I've been lucky to avoid disaster so far Norm Warren Keuffel writes: > I am curious (yellow) -- sorry, bad joke that will be undersood only by > those of a certain age, if no one "gets" it I will explain, if asked -- > > anyway, back to the subject -- whether people here have used buy stop > limit orders to trigger a purchase if the price of a stock rises above > the limit price. You would need to use this with some sort of manual or > automatic scan for increased volume to make a good buy on a breakout, > but given the volume, seems like a buy stop limit order would help one > buy at the pivot point. Or not? > > Thanks, > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Mo Subject: [CANSLIM] Pending Mergers Date: 06 Sep 2002 09:22:55 -0700 (PDT) Watch for these consolidations in late 2002 and make yourself a bundle. 1. Hale Business Systems, Mary Kay Cosmetics, Fuller Brush and W. R. Grace Co. will merge and become Hale, Mary, Fuller, Grace. 2. Polygram Records, Warner Bros. and Zesta Crackers join forces and become... Polly, Warner Cracker. 3. 3M will merge with Goodyear and issue forth as MMMGood. 4. Zippo Mfg., Audi Motor Car, Dofasco and Dakota Mining will merge to become, of course, ZipAudiDoDa. 5. Federal Express is expected to join its major competitor, UPS, and consolidate as FedUP. 6. Fairchild Electronics and Honeywell Computers will become Fairwell Honeychild. 7. Grey Poupon and Docker Pants are expected to become Poupon Pants. 8. Knotts Berry Farm and the National Organization of Women will become Knott NOW! __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] 9-4-02 SOD Date: 06 Sep 2002 11:32:27 -0500 --0__=86256C2C005ADAC08f9e8a93df938690918c86256C2C005ADAC0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Thank you! Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Lin Wells" cc: Sent by: Subject: RE: [CANSLIM] 9-4-02 SOD owner-canslim@lists.xm ission.com 09/06/2002 11:04 AM Please respond to canslim -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Friday, September 06, 2002 11:03 AM Can someone please send me the SOD from 9/4. I was not able to download it Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. 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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 11:53:16 -0500 Warren, the bad thing about a stop order is that it is a secondary order. A broker doesn't have to execute it, thereby, you don't really have any recourse, if it is not executed, although the price of the stock was within your price parameters. If the price of the stock is outside of your stop, it will not execute. dave ----- Original Message ----- Sent: Friday, September 06, 2002 10:55 AM > I am curious (yellow) -- sorry, bad joke that will be undersood only by > those of a certain age, if no one "gets" it I will explain, if asked -- > > anyway, back to the subject -- whether people here have used buy stop > limit orders to trigger a purchase if the price of a stock rises above > the limit price. You would need to use this with some sort of manual or > automatic scan for increased volume to make a good buy on a breakout, > but given the volume, seems like a buy stop limit order would help one > buy at the pivot point. Or not? > > Thanks, > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 13:38:49 -0400 A stop order, buy or sell will always execute (somewhere). A Stop Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- Sent: Friday, September 06, 2002 12:53 PM > Warren, the bad thing about a stop order is that it is a secondary order. A > broker doesn't have to execute it, thereby, you don't really have any > recourse, if it is not executed, although the price of the stock was within > your price parameters. If the price of the stock is outside of your stop, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be undersood only by > > those of a certain age, if no one "gets" it I will explain, if asked -- > > > > anyway, back to the subject -- whether people here have used buy stop > > limit orders to trigger a purchase if the price of a stock rises above > > the limit price. You would need to use this with some sort of manual or > > automatic scan for increased volume to make a good buy on a breakout, > > but given the volume, seems like a buy stop limit order would help one > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Alan Dershowitz Date: 06 Sep 2002 13:43:07 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0050_01C255AB.551FA120 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Alan Dirtwits has been fouling the minds of our youth of years. IBD = needs the exposure.................any kind. DanF ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 06, 2002 9:21 AM Subject: [CANSLIM] Alan Dershowitz This is off-topic, but can you believe IBD interviewed Alan Dershowitz = in today's IBD. Interesting interview, Alan has taken the Machiavelian = approach towards fighting terrorism. david ------=_NextPart_000_0050_01C255AB.551FA120 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Alan Dirtwits has been fouling the = minds of our=20 youth of years. IBD needs the exposure.................any = kind.
 
DanF
----- Original Message -----
From:=20 david frank
Sent: Friday, September 06, = 2002 9:21=20 AM
Subject: [CANSLIM] Alan = Dershowitz

This is off-topic, but can you = believe IBD=20 interviewed Alan Dershowitz in today's IBD. Interesting = interview, Alan=20 has taken the Machiavelian approach towards fighting terrorism.=20 david
------=_NextPart_000_0050_01C255AB.551FA120-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 13:16:41 -0500 I am sorry, should have said that limit orders or stop limit orders are not guaranteed to execute. Straight stop orders become market orders once the stock trades through the stop price. dave ----- Original Message ----- Sent: Friday, September 06, 2002 12:38 PM > A stop order, buy or sell will always execute (somewhere). A Stop Limit > order may not if the market blows up through the stop *limit*. > > DanF > ----- Original Message ----- > From: "david frank" > To: > Sent: Friday, September 06, 2002 12:53 PM > Subject: Re: [CANSLIM] Buy Stop Limit orders? > > > > Warren, the bad thing about a stop order is that it is a secondary order. > A > > broker doesn't have to execute it, thereby, you don't really have any > > recourse, if it is not executed, although the price of the stock was > within > > your price parameters. If the price of the stock is outside of your stop, > it > > will not execute. dave > > ----- Original Message ----- > > From: "Warren Keuffel" > > To: "CANSLIM list" > > Sent: Friday, September 06, 2002 10:55 AM > > Subject: [CANSLIM] Buy Stop Limit orders? > > > > > > > I am curious (yellow) -- sorry, bad joke that will be undersood only by > > > those of a certain age, if no one "gets" it I will explain, if asked -- > > > > > > anyway, back to the subject -- whether people here have used buy stop > > > limit orders to trigger a purchase if the price of a stock rises above > > > the limit price. You would need to use this with some sort of manual or > > > automatic scan for increased volume to make a good buy on a breakout, > > > but given the volume, seems like a buy stop limit order would help one > > > buy at the pivot point. Or not? > > > > > > Thanks, > > > Warren > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: david rossing Subject: [CANSLIM] GAN - strange chart pattern Date: 06 Sep 2002 11:20:32 -0700 (PDT) I'm curious about thoughts on the chart for GAN. It had a decent rise, then what looked to be forming a cup. On the right side, about halfway up, there's a rise on really high volume, then it turns into a 9 week flat base with a range of about 0.5 (<1% of the price). Is this a chart that shows a stock to avoid, or wait and see? Also, I'm wondering what the explanation of buying and selling is that would form a chart like this? (Similar to the explanation someone gave about why a normal c/h forms) Thanks. Dave Rossing __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Alan Dershowitz Date: 06 Sep 2002 13:31:35 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0103_01C255A9.B8E9CFC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I didn't know that Dershowitz had much to do with pornography, movies, = tv shows, and drugs. although he was regular jurist on the old tv show, = The Advocates. As far as IBD goes, it is a great newspaper, and William = O'Neil is a great American. Enough of this off-topic stuff, Sorry I = mentioned it. dave ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 06, 2002 12:43 PM Subject: Re: [CANSLIM] Alan Dershowitz Alan Dirtwits has been fouling the minds of our youth of years. IBD = needs the exposure.................any kind. DanF ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 06, 2002 9:21 AM Subject: [CANSLIM] Alan Dershowitz This is off-topic, but can you believe IBD interviewed Alan = Dershowitz in today's IBD. Interesting interview, Alan has taken the = Machiavelian approach towards fighting terrorism. david ------=_NextPart_000_0103_01C255A9.B8E9CFC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I didn't know that Dershowitz had much = to do with=20 pornography, movies, tv shows, and drugs. although he was regular jurist = on the=20 old tv show, The Advocates. As far as IBD goes, it is a great newspaper, = and=20 William O'Neil is a great American. Enough of this off-topic stuff, = Sorry I=20 mentioned it. dave
----- Original Message -----
From:=20 Dan=20 Forant
Sent: Friday, September 06, = 2002 12:43=20 PM
Subject: Re: [CANSLIM] Alan=20 Dershowitz

Alan Dirtwits has been fouling the = minds of our=20 youth of years. IBD needs the exposure.................any = kind.
 
DanF
----- Original Message -----
From:=20 david frank
Sent: Friday, September 06, = 2002 9:21=20 AM
Subject: [CANSLIM] Alan=20 Dershowitz

This is off-topic, but can you = believe IBD=20 interviewed Alan Dershowitz in today's IBD. Interesting = interview, Alan=20 has taken the Machiavelian approach towards fighting terrorism.=20 david
------=_NextPart_000_0103_01C255A9.B8E9CFC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Lin Wells" Subject: RE: [CANSLIM] GAN - strange chart pattern Date: 06 Sep 2002 13:26:42 -0500 Berkshire Hathaway has signed a deal to purchase it for $60 a share Lin -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of david rossing Sent: Friday, September 06, 2002 1:21 PM I'm curious about thoughts on the chart for GAN. It had a decent rise, then what looked to be forming a cup. On the right side, about halfway up, there's a rise on really high volume, then it turns into a 9 week flat base with a range of about 0.5 (<1% of the price). Is this a chart that shows a stock to avoid, or wait and see? Also, I'm wondering what the explanation of buying and selling is that would form a chart like this? (Similar to the explanation someone gave about why a normal c/h forms) Thanks. Dave Rossing __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Fanus Subject: RE: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 11:44:00 -0700 (PDT) David You use limit orders on sell orders too? What do you do if it crash through your stop and limit price and just keep on going down and down? - Fanus --- David Taggart wrote: > That is probably my most used order. I use buy stop > limits and sell stop > limits almost all of the time. > > David > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Warren Keuffel > Sent: Friday, September 06, 2002 9:56 AM > To: CANSLIM list > Subject: [CANSLIM] Buy Stop Limit orders? > > > I am curious (yellow) -- sorry, bad joke that will > be undersood only by > those of a certain age, if no one "gets" it I will > explain, if asked -- > > anyway, back to the subject -- whether people here > have used buy stop > limit orders to trigger a purchase if the price of a > stock rises above > the limit price. You would need to use this with > some sort of manual or > automatic scan for increased volume to make a good > buy on a breakout, > but given the volume, seems like a buy stop limit > order would help one > buy at the pivot point. Or not? > > Thanks, > Warren > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "David Taggart" Subject: RE: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 12:47:09 -0600 I live in front of my screen :-) If you dont have that luxury then use market of course. David -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Fanus Sent: Friday, September 06, 2002 12:44 PM David You use limit orders on sell orders too? What do you do if it crash through your stop and limit price and just keep on going down and down? - Fanus --- David Taggart wrote: > That is probably my most used order. I use buy stop > limits and sell stop > limits almost all of the time. > > David > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Warren Keuffel > Sent: Friday, September 06, 2002 9:56 AM > To: CANSLIM list > Subject: [CANSLIM] Buy Stop Limit orders? > > > I am curious (yellow) -- sorry, bad joke that will > be undersood only by > those of a certain age, if no one "gets" it I will > explain, if asked -- > > anyway, back to the subject -- whether people here > have used buy stop > limit orders to trigger a purchase if the price of a > stock rises above > the limit price. You would need to use this with > some sort of manual or > automatic scan for increased volume to make a good > buy on a breakout, > but given the volume, seems like a buy stop limit > order would help one > buy at the pivot point. Or not? > > Thanks, > Warren > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] GAN - strange chart pattern Date: 06 Sep 2002 14:18:45 -0500 Hi David, Here are some examples of the chart pattern when a stock is to be acquired for cash: http://WallStreet-LLC.com/canslim/PZL090602.jpg http://WallStreet-LLC.com/canslim/GAN090602.jpg http://WallStreet-LLC.com/canslim/USLB090602.jpg http://WallStreet-LLC.com/canslim/MDBK090602.jpg Katherine ----- Original Message ----- Sent: Friday, September 06, 2002 1:26 PM | | Berkshire Hathaway has signed a deal to purchase it for $60 a share | | Lin | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of david rossing | Sent: Friday, September 06, 2002 1:21 PM | To: canslim@lists.xmission.com | Subject: [CANSLIM] GAN - strange chart pattern | | I'm curious about thoughts on the chart for GAN. It had a decent rise, | then what looked to be forming a cup. On the right side, about halfway | up, there's a rise on really high volume, then it turns into a 9 week | flat base with a range of about 0.5 (<1% of the price). Is this a | chart that shows a stock to avoid, or wait and see? Also, I'm | wondering what the explanation of buying and selling is that would form | a chart like this? (Similar to the explanation someone gave about why | a normal c/h forms) Thanks. | | Dave Rossing | | __________________________________________________ | Do You Yahoo!? | Yahoo! Finance - Get real-time stock quotes | http://finance.yahoo.com | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 13:10:03 -0700 ------=_NextPart_001_0000_01C255A6.B63A4780 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable which is right? One says a stop order will always execute somewhere even= if it is not at the stop price( this is what I thought) and one says the= market can pass through the stop and it will never be executed. They bo= th can not be correct. Advice from the more experienced then I please. = Thanks again for the help nancy =20 ----- Original Message ----- Sent: Friday, September 06, 2002 10:57 AM =20 A stop order, buy or sell will always execute (somewhere). A Stop Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- Sent: Friday, September 06, 2002 12:53 PM > Warren, the bad thing about a stop order is that it is a secondary orde= r. A > broker doesn't have to execute it, thereby, you don't really have any > recourse, if it is not executed, although the price of the stock was within > your price parameters. If the price of the stock is outside of your sto= p, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be undersood only = by > > those of a certain age, if no one "gets" it I will explain, if asked = -- > > > > anyway, back to the subject -- whether people here have used buy stop > > limit orders to trigger a purchase if the price of a stock rises abov= e > > the limit price. You would need to use this with some sort of manual = or > > automatic scan for increased volume to make a good buy on a breakout, > > but given the volume, seems like a buy stop limit order would help on= e > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0000_01C255A6.B63A4780 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
which is right= ?  One says a stop order will always execute somewhere even if = it is not at the stop price( this is what I thought) and one says th= e market can pass through the stop and it will never be executed.  T= hey both can not be correct.  Advice from the more experienced then = I please.  Thanks again for the help nancy
 
<= BLOCKQUOTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5= px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
From: Dan Forant
=
Sent: Friday, September 06, 2002 = 10:57 AM
To: canslim@lists.x= mission.com
Subject: Re: [CA= NSLIM] Buy Stop Limit orders?
 
A stop order, buy or= sell will always execute (somewhere). A Stop Limit
order may not if t= he market blows up through the stop *limit*.

DanF
----- Origina= l Message -----
From: "david frank" <camelot.homes@charter.net><= BR>To: <canslim@lists.xmission.com>
Sent: Friday, September 06, = 2002 12:53 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?

> Warren, the bad thing about a stop order is that it is a secondary = order.
A
> broker doesn't have to execute it, thereby, you don't= really have any
> recourse, if it is not executed, although the pr= ice of the stock was
within
> your price parameters. If the pric= e of the stock is outside of your stop,
it
> will not execute. d= ave
> ----- Original Message -----
> From: "Warren Keuffel" &= lt;wkeuffel@xmission.com>
> To: "CANSLIM list" <canslim@lists= .xmission.com>
> Sent: Friday, September 06, 2002 10:55 AM
&g= t; Subject: [CANSLIM] Buy Stop Limit orders?
>
>
> >= I am curious (yellow) -- sorry, bad joke that will be undersood only by<= BR>> > those of a certain age, if no one "gets" it I will explain, = if asked --
> >
> > anyway, back to the subject -- whet= her people here have used buy stop
> > limit orders to trigger a= purchase if the price of a stock rises above
> > the limit pric= e. You would need to use this with some sort of manual or
> > au= tomatic scan for increased volume to make a good buy on a breakout,
&g= t; > but given the volume, seems like a buy stop limit order would hel= p one
> > buy at the pivot point. Or not?
> >
> &= gt; Thanks,
> > Warren
> >
> >
> > -<= BR>> > -To subscribe/unsubscribe, email "majordomo@xmission.com"> > -In the email body, write "subscribe canslim" or
> > = -"unsubscribe canslim".  Do not use quotes in your email.
>>
> -
> -To subscribe/unsubscribe, email "majordomo@xmiss= ion.com"
> -In the email body, write "subscribe canslim" or
>= -"unsubscribe canslim".  Do not use quotes in your email.
>

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"<= BR>-In the email body, write "subscribe canslim" or
-"unsubscribe cans= lim".  Do not use quotes in your email.
------=_NextPart_001_0000_01C255A6.B63A4780-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Ian Subject: Re: [CANSLIM] GAN - strange chart pattern Date: 06 Sep 2002 13:38:11 -0700 Also see FDCC :) ----- Original Message ----- Sent: Friday, September 06, 2002 12:18 PM > Hi David, > > Here are some examples of the chart pattern when a stock is to be acquired > for cash: > > http://WallStreet-LLC.com/canslim/PZL090602.jpg > http://WallStreet-LLC.com/canslim/GAN090602.jpg > http://WallStreet-LLC.com/canslim/USLB090602.jpg > http://WallStreet-LLC.com/canslim/MDBK090602.jpg > > Katherine > > ----- Original Message ----- > From: "Lin Wells" > To: > Sent: Friday, September 06, 2002 1:26 PM > Subject: RE: [CANSLIM] GAN - strange chart pattern > > > | > | Berkshire Hathaway has signed a deal to purchase it for $60 a share > | > | Lin > | > | -----Original Message----- > | From: owner-canslim@lists.xmission.com > | [mailto:owner-canslim@lists.xmission.com] On Behalf Of david rossing > | Sent: Friday, September 06, 2002 1:21 PM > | To: canslim@lists.xmission.com > | Subject: [CANSLIM] GAN - strange chart pattern > | > | I'm curious about thoughts on the chart for GAN. It had a decent rise, > | then what looked to be forming a cup. On the right side, about halfway > | up, there's a rise on really high volume, then it turns into a 9 week > | flat base with a range of about 0.5 (<1% of the price). Is this a > | chart that shows a stock to avoid, or wait and see? Also, I'm > | wondering what the explanation of buying and selling is that would form > | a chart like this? (Similar to the explanation someone gave about why > | a normal c/h forms) Thanks. > | > | Dave Rossing > | > | __________________________________________________ > | Do You Yahoo!? > | Yahoo! Finance - Get real-time stock quotes > | http://finance.yahoo.com > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > | > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] GAN - strange chart pattern Date: 06 Sep 2002 15:19:20 -0500 And VIBC Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ian Sent by: To: canslim@lists.xmission.com owner-canslim@lists.xm cc: ission.com Subject: Re: [CANSLIM] GAN - strange chart pattern 09/06/2002 03:38 PM Please respond to canslim Also see FDCC :) ----- Original Message ----- Sent: Friday, September 06, 2002 12:18 PM > Hi David, > > Here are some examples of the chart pattern when a stock is to be acquired > for cash: > > http://WallStreet-LLC.com/canslim/PZL090602.jpg > http://WallStreet-LLC.com/canslim/GAN090602.jpg > http://WallStreet-LLC.com/canslim/USLB090602.jpg > http://WallStreet-LLC.com/canslim/MDBK090602.jpg > > Katherine > > ----- Original Message ----- > From: "Lin Wells" > To: > Sent: Friday, September 06, 2002 1:26 PM > Subject: RE: [CANSLIM] GAN - strange chart pattern > > > | > | Berkshire Hathaway has signed a deal to purchase it for $60 a share > | > | Lin > | > | -----Original Message----- > | From: owner-canslim@lists.xmission.com > | [mailto:owner-canslim@lists.xmission.com] On Behalf Of david rossing > | Sent: Friday, September 06, 2002 1:21 PM > | To: canslim@lists.xmission.com > | Subject: [CANSLIM] GAN - strange chart pattern > | > | I'm curious about thoughts on the chart for GAN. It had a decent rise, > | then what looked to be forming a cup. On the right side, about halfway > | up, there's a rise on really high volume, then it turns into a 9 week > | flat base with a range of about 0.5 (<1% of the price). Is this a > | chart that shows a stock to avoid, or wait and see? Also, I'm > | wondering what the explanation of buying and selling is that would form > | a chart like this? (Similar to the explanation someone gave about why > | a normal c/h forms) Thanks. > | > | Dave Rossing > | > | __________________________________________________ > | Do You Yahoo!? > | Yahoo! Finance - Get real-time stock quotes > | http://finance.yahoo.com > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > | > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] TTWO Date: 06 Sep 2002 15:21:57 -0500 Tom, I noted that nicely shaped c&h but some vol action raised red flags for me. First I noted some above avg selling in the handle; but there was some above avg buying also so not too bad. And the handle vol didn't really dry up as WON dictates. In fact the right side of the cup had lower vol, that really bothered me. Stepping back, the vol on this issue never really has inspired me. But it has been a decent, if turbulent performer throughout the bear market. And then today, WHAM! Have we seen that before, recently?! Norm ----- Original Message ----- Sent: Friday, September 06, 2002 7:08 AM > nice b/o from a c&h on heavy volume yesterday, CS criteria look very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 10:32:14 -1000 "C"rap "S"hoot - seems that's what buying breakouts in this market is. Up $2 yesterday, down $3 today on heavy 400% volume. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Friday, September 06, 2002 4:06 AM Tom, I probably haven't had enough of my diet pepsi this morning, but what does "CS criteria" mean? The C and S from CANSLIM? Thanks, Marc --- Tom Worley wrote: > nice b/o from a c&h on heavy volume yesterday, CS criteria look > very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] GAN - strange chart pattern Date: 06 Sep 2002 15:36:06 -0500 oooh...that's ugly.... will have to add that to the gallery under "typical chart patterns when cash offers fall apart" :)) ----- Original Message ----- Sent: Friday, September 06, 2002 3:38 PM | Also see FDCC :) | | | ----- Original Message ----- | From: Katherine Malm | To: | Sent: Friday, September 06, 2002 12:18 PM | Subject: Re: [CANSLIM] GAN - strange chart pattern | | | > Hi David, | > | > Here are some examples of the chart pattern when a stock is to be acquired | > for cash: | > | > http://WallStreet-LLC.com/canslim/PZL090602.jpg | > http://WallStreet-LLC.com/canslim/GAN090602.jpg | > http://WallStreet-LLC.com/canslim/USLB090602.jpg | > http://WallStreet-LLC.com/canslim/MDBK090602.jpg | > | > Katherine | > | > ----- Original Message ----- | > From: "Lin Wells" | > To: | > Sent: Friday, September 06, 2002 1:26 PM | > Subject: RE: [CANSLIM] GAN - strange chart pattern | > | > | > | | > | Berkshire Hathaway has signed a deal to purchase it for $60 a share | > | | > | Lin | > | | > | -----Original Message----- | > | From: owner-canslim@lists.xmission.com | > | [mailto:owner-canslim@lists.xmission.com] On Behalf Of david rossing | > | Sent: Friday, September 06, 2002 1:21 PM | > | To: canslim@lists.xmission.com | > | Subject: [CANSLIM] GAN - strange chart pattern | > | | > | I'm curious about thoughts on the chart for GAN. It had a decent rise, | > | then what looked to be forming a cup. On the right side, about halfway | > | up, there's a rise on really high volume, then it turns into a 9 week | > | flat base with a range of about 0.5 (<1% of the price). Is this a | > | chart that shows a stock to avoid, or wait and see? Also, I'm | > | wondering what the explanation of buying and selling is that would form | > | a chart like this? (Similar to the explanation someone gave about why | > | a normal c/h forms) Thanks. | > | | > | Dave Rossing | > | | > | __________________________________________________ | > | Do You Yahoo!? | > | Yahoo! Finance - Get real-time stock quotes | > | http://finance.yahoo.com | > | | > | - | > | -To subscribe/unsubscribe, email "majordomo@xmission.com" | > | -In the email body, write "subscribe canslim" or | > | -"unsubscribe canslim". Do not use quotes in your email. | > | | > | | > | | > | - | > | -To subscribe/unsubscribe, email "majordomo@xmission.com" | > | -In the email body, write "subscribe canslim" or | > | -"unsubscribe canslim". Do not use quotes in your email. | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Lin Wells" Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 15:49:55 -0500 Excellent joke! Didn't catch it for a minute. BTW, not wanting to be greedy, but I cannot get your /cs.php link to return anything. It gives a series of error messages. If you have "delinked" it, that's fine, just checking, just curious. Thanks Lin -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Friday, September 06, 2002 3:32 PM "C"rap "S"hoot - seems that's what buying breakouts in this market is. Up $2 yesterday, down $3 today on heavy 400% volume. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Friday, September 06, 2002 4:06 AM Tom, I probably haven't had enough of my diet pepsi this morning, but what does "CS criteria" mean? The C and S from CANSLIM? Thanks, Marc --- Tom Worley wrote: > nice b/o from a c&h on heavy volume yesterday, CS criteria look > very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 10:50:47 -1000 Right on Norm. The handle was particularly bad. 6 days out of 8 had above average volume. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Friday, September 06, 2002 10:22 AM Tom, I noted that nicely shaped c&h but some vol action raised red flags for me. First I noted some above avg selling in the handle; but there was some above avg buying also so not too bad. And the handle vol didn't really dry up as WON dictates. In fact the right side of the cup had lower vol, that really bothered me. Stepping back, the vol on this issue never really has inspired me. But it has been a decent, if turbulent performer throughout the bear market. And then today, WHAM! Have we seen that before, recently?! Norm ----- Original Message ----- Sent: Friday, September 06, 2002 7:08 AM > nice b/o from a c&h on heavy volume yesterday, CS criteria look very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chris Dempsey Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 16:13:38 -0500 Industry Group Rank 165 should keep everyone out of this one. I'm curious, does anyone know why this didn't trade between 1/22/02 and 2/15/02? -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Friday, September 06, 2002 3:22 PM Tom, I noted that nicely shaped c&h but some vol action raised red flags for me. First I noted some above avg selling in the handle; but there was some above avg buying also so not too bad. And the handle vol didn't really dry up as WON dictates. In fact the right side of the cup had lower vol, that really bothered me. Stepping back, the vol on this issue never really has inspired me. But it has been a decent, if turbulent performer throughout the bear market. And then today, WHAM! Have we seen that before, recently?! Norm ----- Original Message ----- Sent: Friday, September 06, 2002 7:08 AM > nice b/o from a c&h on heavy volume yesterday, CS criteria look very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] TTWO Date: 06 Sep 2002 16:19:11 -0500 SEC Investigation....they are still under scrutiny even to this day. ----- Original Message ----- Sent: Friday, September 06, 2002 4:13 PM | Industry Group Rank 165 should keep everyone out of this one. I'm curious, | does anyone know why this didn't trade between 1/22/02 and 2/15/02? | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman | Sent: Friday, September 06, 2002 3:22 PM | To: canslim@lists.xmission.com | Subject: Re: [CANSLIM] TTWO | | | Tom, | | I noted that nicely shaped c&h but some vol action raised red flags for me. | First I noted some above avg selling in the handle; but there was some above | avg buying also so not too bad. And the handle vol didn't really dry up as | WON dictates. In fact the right side of the cup had lower vol, that really | bothered me. Stepping back, the vol on this issue never really has inspired | me. But it has been a decent, if turbulent performer throughout the bear | market. | | And then today, WHAM! Have we seen that before, recently?! | | Norm | ----- Original Message ----- | From: "Tom Worley" | To: "CANSLIM" | Sent: Friday, September 06, 2002 7:08 AM | Subject: [CANSLIM] TTWO | | | > nice b/o from a c&h on heavy volume yesterday, CS criteria look very good, | > especially in such a lousy "M" | > | > Tom Worley | > stkguru@bellsouth.net | > AIM: TexWorley | > | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Chris Dempsey Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 16:23:02 -0500 Seems like another good reason to stay away! -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, September 06, 2002 4:19 PM SEC Investigation....they are still under scrutiny even to this day. ----- Original Message ----- Sent: Friday, September 06, 2002 4:13 PM | Industry Group Rank 165 should keep everyone out of this one. I'm curious, | does anyone know why this didn't trade between 1/22/02 and 2/15/02? | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman | Sent: Friday, September 06, 2002 3:22 PM | To: canslim@lists.xmission.com | Subject: Re: [CANSLIM] TTWO | | | Tom, | | I noted that nicely shaped c&h but some vol action raised red flags for me. | First I noted some above avg selling in the handle; but there was some above | avg buying also so not too bad. And the handle vol didn't really dry up as | WON dictates. In fact the right side of the cup had lower vol, that really | bothered me. Stepping back, the vol on this issue never really has inspired | me. But it has been a decent, if turbulent performer throughout the bear | market. | | And then today, WHAM! Have we seen that before, recently?! | | Norm | ----- Original Message ----- | From: "Tom Worley" | To: "CANSLIM" | Sent: Friday, September 06, 2002 7:08 AM | Subject: [CANSLIM] TTWO | | | > nice b/o from a c&h on heavy volume yesterday, CS criteria look very good, | > especially in such a lousy "M" | > | > Tom Worley - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 11:27:17 -1000 Lin, Thanks for pointing that out - looks like I broke something yesterday, but its fixed now: http://www.cwhcharts.com/cs.php Let me know off list if you have any problems/questions. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lin Wells Sent: Friday, September 06, 2002 10:50 AM Excellent joke! Didn't catch it for a minute. BTW, not wanting to be greedy, but I cannot get your /cs.php link to return anything. It gives a series of error messages. If you have "delinked" it, that's fine, just checking, just curious. Thanks Lin -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Friday, September 06, 2002 3:32 PM "C"rap "S"hoot - seems that's what buying breakouts in this market is. Up $2 yesterday, down $3 today on heavy 400% volume. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Friday, September 06, 2002 4:06 AM Tom, I probably haven't had enough of my diet pepsi this morning, but what does "CS criteria" mean? The C and S from CANSLIM? Thanks, Marc --- Tom Worley wrote: > nice b/o from a c&h on heavy volume yesterday, CS criteria look > very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 06 Sep 2002 18:12:19 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_01C2_01C255D0.F06A6BE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, I am confused about this CSTR Thomson graph. It shows heavy = institutional selling on 8/26/02. which was an nice low volume up day, = and heavy institutional buying on 8/27/02, which was that heavy volume, = gapped down day, losing up to 20%+. Are these graphs really helpful or = am I missing it all. Thank you, dave ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 9:27 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Hi Sol, The I-Watch site is just a way of looking at institutional v. retail = buying and a summary of institutional buying vs. selling "interest." = There's really no direct correlation between what you see here and the = actual volume on the stock, but it does give a clue as to which = direction the institutional buyers are leaning. I've attached a quick = mark up of the monthly summary so you can see what I was looking at on = the chart.=20 http://WallStreet-LLC.com/canslim/CSTRIWatch090402.jpg The Institutional interest at 2:1 is actually a *good* thing if the = interest is primarily buying interest. I only get nervous if most of the = activity is institutional selling interest and/or most of the activity = pushing the price up is retail. Katherine ----- Original Message -----=20 From: Sol Mayer=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 9:01 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Katherine=20 Firstly, thank you for your informative links almost everyone goes = into my "favorites"=20 Concrerning the failed b/o of CSTR from 8/16 until the stk broke = down all the action was on low volume so I'd think even though the = institutional vol. was 3:1 on 8/22 I probably wouldn't have thought it = to be distribution I would have thought it was just consolidation of b/o = on low vol. . Also, the monthly institutional 2:1 volume I would have = attributed to buying the b/o Obviously I missed something can you = clarify.=20 Thanks=20 Katherine Malm wrote:=20 Hi James, I'll add to John's "thanks for a great post" as it's info like = this that helps bring out the more subtle clues when making buy/sell = decisions. I've only recently gotten into the habit of looking at hourly charts, = as DGO didn't have this feature in the older version. Your post is a = great insight as to how this can be helpful as a sanity check on price/volume = action. Here's a resource I use regularly which also helps pick up on the = more subtle aspects of buying/selling in the market: http://makeashorterlink.com/?J1B8643B1 (Thomspon I-Watch, view = 8/22) This shows the trend in institutional vs. retail buying/selling = over a period of time. The link above is for the view on 8/22, where it's = clear there's heavy sell interest by institutions. (that day, about 3:1 Institutions:Retail activity, and 2:1 for the month to that = point.) Click to a monthly view and the heavy sell interest shows up leading into = the gap down. http://makeashorterlink.com/?N6C8523B1 (view to date, 1 month) Katherine ----- Original Message ----- From: "John Calkins"=20 To:=20 Sent: Thursday, September 05, 2002 7:16 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | Hi James, | | Thanks for your incredible responce to my Failed Breakout and = Stops! I've | tried to look at the intraday charts before but didn't take them = seriously | enough I guess. I have noted before that big moves on high = volume during | the day seemed to be connected to some news or something, but = was afraid it | was just market makers or day trading. I can't get more than 10 = days ago at | BigCharts for a history on CSTR for the time frame but I think I understand | that when you see a CWH pattern within a 5 day then watch for a = handle to | form or breakdown or up in price with high volume. Do you look = at BigCharts | for this intraday charting and what is you setting preference, = such as 5 or | 10 day/ 1 hour or 15 min.? I had been getting my volume/price = information | each day from my telephone service with TD Waterhouse but it = looks like your | intra-day charts work much better. | | | | | | | ---- Original Message ----- | From: "James Bond"=20 | To:=20 | Sent: Tuesday, September 03, 2002 6:44 PM | Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | | | > CSTR presents an interesting example of the importance | > of intraday charts. There is no clue of impending | > trouble on the daily chart until the stock broke down. | > The intraday chart, however, telegraphed the bad news | > well in advance. | > | > Like many other people, I too cannot follow the market | > during the day and have to check charts during the | > evening. When I have a position open, I check the | > chart every night with no exception. | > | > On Thursday, Aug 22, when this rally was still | > advancing, I was surprised that evening to see many | > bearish charts among the leading stocks. For example, | > FCN had a deterioting relative strength, CCR made a | > new high but its relative strength lagged, DORL gapped | > to a new high but saw no progress in daily price | > (distribution), and PIXR had formed an evening star | > candlestick pattern. If one or two stocks were acting | > poorly it probably wouldn't have bothered me so much. | > When most of the leading stocks were showing signs of | > weakness the market was in trouble. At that time I was | > long CCR, CSTR, DORL, NUTR, and PIXR. My first | > decision was to sell CCR, DORL and PIXR at the open | > next morning, and but to keep CSTR and NUTR. | > | > I changed my mind when I looked at the intraday chart | > for CSTR. On the daily chart, CSTR had formed an | > impeccible CwH base, with pp at 31.22. The breakout | > was on very good volume, and reached a high of 34.2. | > Because of a little overhead resistance (as mentioned | > by others), it was expected to form a second handle | > before breaking out to new highs. This was also noted | > by the issue of IBD the day after its breakout. It | > consolidated between 32 and 34 the next 5 days, with | > nothing extraordinary shown on the daily chart. I was | > several times tempted to add shares when it pulled to | > low 32's but thougt better of it. My plan was to add | > to my position when it broke out of the second handle. | > I wasn't even thinking about selling it before I | > looked at the intraday chart. | > | > I was alarmed by the intraday chart. On the intraday | > chart, the consolidation between 32 and 34 showed up | > as a five day CwH formation, with the appropriate | > volume actions (large volume on left and right sides, | > dryups on bottom and in handle). Handle high was 33.76 | > which was the intraday high on Thursday. Everything | > was great except for the last hour or so of Thursday. | > Some heavy selling came in and broke the handle | > formation (little did I know that the Off Wall Street | > report was issued to its clients on that Thursday). | > WON told us that heavy selling in handle was a sign of | > trouble, and a good short can be entered when the | > handle low was broken as the volume picked up. Of | > course he was refering to daily charts. Intraday | > charts work the same way except its validity is much | > shorter in duration. If the market were healthy, I | > probably would have expected CSTR to pullback and test | > the pp and a decision could be made after the test. | > But with the other leading stocks weakening, there was | > no question at that point that CSTR was going to break | > below its pivot point. So I decided to sell it the | > next morning along with the others for a small profit. | > | > I was kicking myself a few days later when CSTR barely | > dipped below the pp and then rallied past my sell | > price. But that lasted only one day. Thank goodness | > the intraday chart gave me the only clue there was. | > | > As far as CVH was concerned, I ruled it out as a buy | > candidate early on. There were several issues with | > CVH. First was the lack of confirming strength in the | > group - although the group ranking was high, other | > stocks in the group either didn't have a proper base | > (SIE), or had a wide and loose base (MME). I avoid | > groups like this. Second CVH was overowned by | > institutions - over 90% of ownership. WON's rule was | > less than 50% institutional ownership. Third was a | > non-CANSLIM issue: CVH was being investigated for | > overcharging government. Although it was an old issue, | > as long as it remained unresolved, there could always | > be surprises. | > | > One final note. I don't think taking a 7% loss on | > every losing trade is ok. If one takes a 7% loss in a | > string of 5 trades (a finite probability), that's a | > third of capital lost - too much for any trading | > method, considering how hard it is to have a 50% | > return (the amount needed to come back). My | > understanding of it is that WON didn't intend 7% to be | > where you place the stop order. Instead it's the | > maximum allowable loss for a single trade. Usually it | > should take a screwup to have a 7% loss. If one buys a | > stock correctly, a 2-3% loss is achievable if the | > stock fails. Sometimes one can even exit with a small | > profit if the chart is read correctly. ------=_NextPart_000_01C2_01C255D0.F06A6BE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine, I am confused about this = CSTR Thomson=20 graph. It shows heavy institutional selling on 8/26/02. which was an = nice low=20 volume up day, and heavy institutional buying on 8/27/02, = which was=20 that heavy volume, gapped down day, losing up to 20%+. Are these graphs = really=20 helpful or am I missing it all. Thank you, dave
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, September 05, = 2002 9:27=20 AM
Subject: Re: [CANSLIM] CSTR CVH = Failed=20 breakouts Post Analysis

Hi Sol,
 
The I-Watch site is just a way of looking at institutional v. = retail=20 buying and a summary of institutional buying vs. selling "interest." = There's=20 really no direct correlation between what you see here and the actual = volume=20 on the stock, but it does give a clue as to which direction the = institutional=20 buyers are leaning. I've attached a quick mark up of the monthly = summary so=20 you can see what I was looking at on the chart.
 
http://Wa= llStreet-LLC.com/canslim/CSTRIWatch090402.jpg
 
The Institutional interest at 2:1 is actually a *good* thing if = the=20 interest is primarily buying interest. I only get nervous if most of = the=20 activity is institutional selling interest and/or most of the activity = pushing=20 the price up is retail.
 
Katherine
----- Original Message -----
From:=20 Sol Mayer=20
Sent: Thursday, September 05, = 2002 9:01=20 AM
Subject: Re: [CANSLIM] CSTR = CVH Failed=20 breakouts Post Analysis

Katherine=20

Firstly, thank you for your informative links almost everyone = goes into=20 my "favorites"=20

Concrerning the failed b/o of CSTR  from 8/16 until the stk = broke=20 down all the action was on low volume so I'd think even though the=20 institutional vol. was 3:1 on 8/22 I probably wouldn't have thought = it to be=20 distribution I would have thought it was just consolidation of=20 b/o on low vol.  . Also, the monthly institutional 2:1 = volume I=20 would have attributed to buying the b/o  Obviously I missed = something=20 can you clarify.=20

Thanks=20

 Katherine Malm wrote:=20 Hi=20 James,

I'll add to John's "thanks for a great post" as it's = info=20 like this that
helps bring out the more subtle clues when = making=20 buy/sell decisions. I've
only recently gotten into the habit of = looking=20 at hourly charts, as DGO
didn't have this feature in the older = version.=20 Your post is a great insight
as to how this can be helpful as a = sanity=20 check on price/volume action.

Here's a resource I use = regularly=20 which also helps pick up on the more
subtle aspects of = buying/selling=20 in the market:

http://makeashorterlink.com/?J1B8643B1 = (Thomspon=20 I-Watch, view 8/22)


This shows the trend in = institutional vs.=20 retail buying/selling over a
period of time. The link above is = for the=20 view on 8/22, where it's clear
there's heavy sell interest by=20 institutions. (that day, about 3:1
Institutions:Retail = activity, and=20 2:1 for the month to that point.) Click to
a monthly view and = the heavy=20 sell interest shows up leading into the=20 gap
down.

http://makeashorterlink.com/?N6C8523B1 (view = to date,=20 1 month)

Katherine

----- Original Message = -----
From:=20 "John Calkins"
To:=20
Sent: Thursday, September 05, 2002 = 7:16=20 AM
Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post=20 Analysis


| Hi James,
|
| Thanks for your = incredible=20 responce to my Failed Breakout and Stops! I've
| tried to look = at the=20 intraday charts before but didn't take them seriously
| enough = I guess.=20 I have noted before that big moves on high volume during
| the = day=20 seemed to be connected to some news or something, but was=20 afraid
it
| was just market makers or day trading. I can't = get more=20 than 10 days ago
at
| BigCharts for a history on CSTR for = the time=20 frame but I think I
understand
| that when you see a CWH = pattern=20 within a 5 day then watch for a handle to
| form or breakdown = or up in=20 price with high volume. Do you look at
BigCharts
| for this = intraday=20 charting and what is you setting preference, such as 5
or
| = 10 day/=20 1 hour or 15 min.? I had been getting my volume/price = information
|=20 each day from my telephone service with TD Waterhouse but it looks = like
your
| intra-day charts work much=20 better.
|
|
|
|
|
|
| ---- Original Message=20 -----
| From: "James Bond"
| To:=20
| Sent: Tuesday, September 03, = 2002 6:44=20 PM
| Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post=20 Analysis
|
|
| > CSTR presents an interesting example = of the=20 importance
| > of intraday charts. There is no clue of=20 impending
| > trouble on the daily chart until the stock = broke=20 down.
| > The intraday chart, however, telegraphed the bad = news
|=20 > well in advance.
| >
| > Like many other people, = I too=20 cannot follow the market
| > during the day and have to = check charts=20 during the
| > evening. When I have a position open, I check = the
| > chart every night with no exception.
| >
| = > On=20 Thursday, Aug 22, when this rally was still
| > advancing, I = was=20 surprised that evening to see many
| > bearish charts among = the=20 leading stocks. For example,
| > FCN had a deterioting = relative=20 strength, CCR made a
| > new high but its relative strength = lagged,=20 DORL gapped
| > to a new high but saw no progress in daily=20 price
| > (distribution), and PIXR had formed an evening = star
|=20 > candlestick pattern. If one or two stocks were acting
| = >=20 poorly it probably wouldn't have bothered me so much.
| > = When most=20 of the leading stocks were showing signs of
| > weakness the = market=20 was in trouble. At that time I was
| > long CCR, CSTR, DORL, = NUTR,=20 and PIXR. My first
| > decision was to sell CCR, DORL and = PIXR at=20 the open
| > next morning, and but to keep CSTR and = NUTR.
|=20 >
| > I changed my mind when I looked at the intraday = chart
|=20 > for CSTR. On the daily chart, CSTR had formed an
| > = impeccible=20 CwH base, with pp at 31.22. The breakout
| > was on very = good=20 volume, and reached a high of 34.2.
| > Because of a little = overhead=20 resistance (as mentioned
| > by others), it was expected to = form a=20 second handle
| > before breaking out to new highs. This was = also=20 noted
| > by the issue of IBD the day after its breakout. = It
|=20 > consolidated between 32 and 34 the next 5 days, with
| = >=20 nothing extraordinary shown on the daily chart. I was
| > = several=20 times tempted to add shares when it pulled to
| > low 32's = but=20 thougt better of it. My plan was to add
| > to my position = when it=20 broke out of the second handle.
| > I wasn't even thinking = about=20 selling it before I
| > looked at the intraday chart.
| = >
|=20 > I was alarmed by the intraday chart. On the intraday
| = > chart,=20 the consolidation between 32 and 34 showed up
| > as a five = day CwH=20 formation, with the appropriate
| > volume actions (large = volume on=20 left and right sides,
| > dryups on bottom and in handle). = Handle=20 high was 33.76
| > which was the intraday high on Thursday.=20 Everything
| > was great except for the last hour or so of=20 Thursday.
| > Some heavy selling came in and broke the = handle
|=20 > formation (little did I know that the Off Wall Street
| = >=20 report was issued to its clients on that Thursday).
| > WON = told us=20 that heavy selling in handle was a sign of
| > trouble, and = a good=20 short can be entered when the
| > handle low was broken as = the=20 volume picked up. Of
| > course he was refering to daily = charts.=20 Intraday
| > charts work the same way except its validity is = much
| > shorter in duration. If the market were healthy, = I
|=20 > probably would have expected CSTR to pullback and test
| = > the=20 pp and a decision could be made after the test.
| > But with = the=20 other leading stocks weakening, there was
| > no question at = that=20 point that CSTR was going to break
| > below its pivot = point. So I=20 decided to sell it the
| > next morning along with the = others for a=20 small profit.
| >
| > I was kicking myself a few days = later=20 when CSTR barely
| > dipped below the pp and then rallied = past my=20 sell
| > price. But that lasted only one day. Thank = goodness
|=20 > the intraday chart gave me the only clue there was.
| = >
|=20 > As far as CVH was concerned, I ruled it out as a buy
| = >=20 candidate early on. There were several issues with
| > CVH. = First=20 was the lack of confirming strength in the
| > group - = although the=20 group ranking was high, other
| > stocks in the group either = didn't=20 have a proper base
| > (SIE), or had a wide and loose base = (MME). I=20 avoid
| > groups like this. Second CVH was overowned by
| = >=20 institutions - over 90% of ownership. WON's rule was
| > = less than=20 50% institutional ownership. Third was a
| > non-CANSLIM = issue: CVH=20 was being investigated for
| > overcharging government. = Although it=20 was an old issue,
| > as long as it remained unresolved, = there could=20 always
| > be surprises.
| >
| > One final note. = I don't=20 think taking a 7% loss on
| > every losing trade is ok. If = one takes=20 a 7% loss in a
| > string of 5 trades (a finite = probability), that's=20 a
| > third of capital lost - too much for any trading
| = >=20 method, considering how hard it is to have a 50%
| > return = (the=20 amount needed to come back). My
| > understanding of it is = that WON=20 didn't intend 7% to be
| > where you place the stop order. = Instead=20 it's the
| > maximum allowable loss for a single trade. = Usually=20 it
| > should take a screwup to have a 7% loss. If one buys = a
|=20 > stock correctly, a 2-3% loss is achievable if the
| > = stock=20 fails. Sometimes one can even exit with a small
| > profit = if the=20 chart is read=20 correctly.

------=_NextPart_000_01C2_01C255D0.F06A6BE0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Date: 06 Sep 2002 18:17:56 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_05CA_01C255D1.B9791040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Dave, Ah...and therein lies the rub..... WON talks about institutions "handing = off stock at the top"... I think that's what the I-Watch chart = demonstrates. See the price action on the stock leading into 8/26? = During that time, there was a lot of institutional sell interest. On the = gap down day and for a few days after, the institutions were sending out = buy interest messages. If nobody were buying, the price would've dropped = like a stone and never recovered. No way to tell *who* the sellers and = buyers were, but shares were certainly changing hands. Just as a "disclaimer" of sorts, the I-Watch site only shows buy and = sell interest messages, so it's not going to be a completely accurate = picture of the activity. It's good enough to give clues, however and so = I find it useful. Here's the link that gives a full explanation of the = indicators and how to use them: = http://iw.thomsonfn.com/iwatch/help/iw_advantages.htm Katherine ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 06, 2002 6:12 PM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Katherine, I am confused about this CSTR Thomson graph. It shows heavy = institutional selling on 8/26/02. which was an nice low volume up day, = and heavy institutional buying on 8/27/02, which was that heavy volume, = gapped down day, losing up to 20%+. Are these graphs really helpful or = am I missing it all. Thank you, dave ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 9:27 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Hi Sol, The I-Watch site is just a way of looking at institutional v. retail = buying and a summary of institutional buying vs. selling "interest." = There's really no direct correlation between what you see here and the = actual volume on the stock, but it does give a clue as to which = direction the institutional buyers are leaning. I've attached a quick = mark up of the monthly summary so you can see what I was looking at on = the chart.=20 http://WallStreet-LLC.com/canslim/CSTRIWatch090402.jpg The Institutional interest at 2:1 is actually a *good* thing if the = interest is primarily buying interest. I only get nervous if most of the = activity is institutional selling interest and/or most of the activity = pushing the price up is retail. Katherine ----- Original Message -----=20 From: Sol Mayer=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 9:01 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis Katherine=20 Firstly, thank you for your informative links almost everyone goes = into my "favorites"=20 Concrerning the failed b/o of CSTR from 8/16 until the stk broke = down all the action was on low volume so I'd think even though the = institutional vol. was 3:1 on 8/22 I probably wouldn't have thought it = to be distribution I would have thought it was just consolidation of b/o = on low vol. . Also, the monthly institutional 2:1 volume I would have = attributed to buying the b/o Obviously I missed something can you = clarify.=20 Thanks=20 Katherine Malm wrote:=20 Hi James, I'll add to John's "thanks for a great post" as it's info like = this that helps bring out the more subtle clues when making buy/sell = decisions. I've only recently gotten into the habit of looking at hourly charts, = as DGO didn't have this feature in the older version. Your post is a = great insight as to how this can be helpful as a sanity check on price/volume = action. Here's a resource I use regularly which also helps pick up on = the more subtle aspects of buying/selling in the market: http://makeashorterlink.com/?J1B8643B1 (Thomspon I-Watch, view = 8/22) This shows the trend in institutional vs. retail buying/selling = over a period of time. The link above is for the view on 8/22, where = it's clear there's heavy sell interest by institutions. (that day, about = 3:1 Institutions:Retail activity, and 2:1 for the month to that = point.) Click to a monthly view and the heavy sell interest shows up leading into = the gap down. http://makeashorterlink.com/?N6C8523B1 (view to date, 1 month) Katherine ----- Original Message ----- From: "John Calkins"=20 To:=20 Sent: Thursday, September 05, 2002 7:16 AM Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | Hi James, | | Thanks for your incredible responce to my Failed Breakout and = Stops! I've | tried to look at the intraday charts before but didn't take = them seriously | enough I guess. I have noted before that big moves on high = volume during | the day seemed to be connected to some news or something, but = was afraid it | was just market makers or day trading. I can't get more than = 10 days ago at | BigCharts for a history on CSTR for the time frame but I think = I understand | that when you see a CWH pattern within a 5 day then watch for = a handle to | form or breakdown or up in price with high volume. Do you look = at BigCharts | for this intraday charting and what is you setting preference, = such as 5 or | 10 day/ 1 hour or 15 min.? I had been getting my volume/price = information | each day from my telephone service with TD Waterhouse but it = looks like your | intra-day charts work much better. | | | | | | | ---- Original Message ----- | From: "James Bond"=20 | To:=20 | Sent: Tuesday, September 03, 2002 6:44 PM | Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis | | | > CSTR presents an interesting example of the importance | > of intraday charts. There is no clue of impending | > trouble on the daily chart until the stock broke down. | > The intraday chart, however, telegraphed the bad news | > well in advance. | > | > Like many other people, I too cannot follow the market | > during the day and have to check charts during the | > evening. When I have a position open, I check the | > chart every night with no exception. | > | > On Thursday, Aug 22, when this rally was still | > advancing, I was surprised that evening to see many | > bearish charts among the leading stocks. For example, | > FCN had a deterioting relative strength, CCR made a | > new high but its relative strength lagged, DORL gapped | > to a new high but saw no progress in daily price | > (distribution), and PIXR had formed an evening star | > candlestick pattern. If one or two stocks were acting | > poorly it probably wouldn't have bothered me so much. | > When most of the leading stocks were showing signs of | > weakness the market was in trouble. At that time I was | > long CCR, CSTR, DORL, NUTR, and PIXR. My first | > decision was to sell CCR, DORL and PIXR at the open | > next morning, and but to keep CSTR and NUTR. | > | > I changed my mind when I looked at the intraday chart | > for CSTR. On the daily chart, CSTR had formed an | > impeccible CwH base, with pp at 31.22. The breakout | > was on very good volume, and reached a high of 34.2. | > Because of a little overhead resistance (as mentioned | > by others), it was expected to form a second handle | > before breaking out to new highs. This was also noted | > by the issue of IBD the day after its breakout. It | > consolidated between 32 and 34 the next 5 days, with | > nothing extraordinary shown on the daily chart. I was | > several times tempted to add shares when it pulled to | > low 32's but thougt better of it. My plan was to add | > to my position when it broke out of the second handle. | > I wasn't even thinking about selling it before I | > looked at the intraday chart. | > | > I was alarmed by the intraday chart. On the intraday | > chart, the consolidation between 32 and 34 showed up | > as a five day CwH formation, with the appropriate | > volume actions (large volume on left and right sides, | > dryups on bottom and in handle). Handle high was 33.76 | > which was the intraday high on Thursday. Everything | > was great except for the last hour or so of Thursday. | > Some heavy selling came in and broke the handle | > formation (little did I know that the Off Wall Street | > report was issued to its clients on that Thursday). | > WON told us that heavy selling in handle was a sign of | > trouble, and a good short can be entered when the | > handle low was broken as the volume picked up. Of | > course he was refering to daily charts. Intraday | > charts work the same way except its validity is much | > shorter in duration. If the market were healthy, I | > probably would have expected CSTR to pullback and test | > the pp and a decision could be made after the test. | > But with the other leading stocks weakening, there was | > no question at that point that CSTR was going to break | > below its pivot point. So I decided to sell it the | > next morning along with the others for a small profit. | > | > I was kicking myself a few days later when CSTR barely | > dipped below the pp and then rallied past my sell | > price. But that lasted only one day. Thank goodness | > the intraday chart gave me the only clue there was. | > | > As far as CVH was concerned, I ruled it out as a buy | > candidate early on. There were several issues with | > CVH. First was the lack of confirming strength in the | > group - although the group ranking was high, other | > stocks in the group either didn't have a proper base | > (SIE), or had a wide and loose base (MME). I avoid | > groups like this. Second CVH was overowned by | > institutions - over 90% of ownership. WON's rule was | > less than 50% institutional ownership. Third was a | > non-CANSLIM issue: CVH was being investigated for | > overcharging government. Although it was an old issue, | > as long as it remained unresolved, there could always | > be surprises. | > | > One final note. I don't think taking a 7% loss on | > every losing trade is ok. If one takes a 7% loss in a | > string of 5 trades (a finite probability), that's a | > third of capital lost - too much for any trading | > method, considering how hard it is to have a 50% | > return (the amount needed to come back). My | > understanding of it is that WON didn't intend 7% to be | > where you place the stop order. Instead it's the | > maximum allowable loss for a single trade. Usually it | > should take a screwup to have a 7% loss. If one buys a | > stock correctly, a 2-3% loss is achievable if the | > stock fails. Sometimes one can even exit with a small | > profit if the chart is read correctly. ------=_NextPart_000_05CA_01C255D1.B9791040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Dave,
 
Ah...and therein lies the rub..... WON talks about institutions = "handing=20 off stock at the top"... I think that's what the I-Watch chart = demonstrates. See=20 the price action on the stock leading into 8/26? During that time, there = was a=20 lot of institutional sell interest. On the gap down day and for a few = days=20 after, the institutions were sending out buy interest messages. If = nobody were=20 buying, the price would've dropped like a stone and never recovered. No = way to=20 tell *who* the sellers and buyers were, but shares were certainly = changing=20 hands.
 
Just as a "disclaimer" of sorts, the I-Watch site only shows buy = and sell=20 interest messages, so it's not going to be a completely accurate picture = of the=20 activity. It's good enough to give clues, however and so I find it=20 useful. Here's the link that gives a full explanation of the=20 indicators and how to use them:  http://iw.= thomsonfn.com/iwatch/help/iw_advantages.htm
 
Katherine
----- Original Message -----
From:=20 david frank
Sent: Friday, September 06, = 2002 6:12=20 PM
Subject: Re: [CANSLIM] CSTR CVH = Failed=20 breakouts Post Analysis

Katherine, I am confused about this = CSTR Thomson=20 graph. It shows heavy institutional selling on 8/26/02. which was an = nice low=20 volume up day, and heavy institutional buying on 8/27/02, = which was=20 that heavy volume, gapped down day, losing up to 20%+. Are these = graphs really=20 helpful or am I missing it all. Thank you, dave
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, September 05, = 2002 9:27=20 AM
Subject: Re: [CANSLIM] CSTR = CVH Failed=20 breakouts Post Analysis

Hi Sol,
 
The I-Watch site is just a way of looking at institutional v. = retail=20 buying and a summary of institutional buying vs. selling "interest." = There's=20 really no direct correlation between what you see here and the = actual volume=20 on the stock, but it does give a clue as to which direction the=20 institutional buyers are leaning. I've attached a quick mark up of = the=20 monthly summary so you can see what I was looking at on the chart. =
 
http://Wa= llStreet-LLC.com/canslim/CSTRIWatch090402.jpg
 
The Institutional interest at 2:1 is actually a *good* thing if = the=20 interest is primarily buying interest. I only get nervous if most of = the=20 activity is institutional selling interest and/or most of the = activity=20 pushing the price up is retail.
 
Katherine
----- Original Message ----- =
From:=20 Sol=20 Mayer
To: canslim@lists.xmission.com= =20
Sent: Thursday, September = 05, 2002=20 9:01 AM
Subject: Re: [CANSLIM] CSTR = CVH=20 Failed breakouts Post Analysis

Katherine=20

Firstly, thank you for your informative links almost everyone = goes into=20 my "favorites"=20

Concrerning the failed b/o of CSTR  from 8/16 until the = stk broke=20 down all the action was on low volume so I'd think even though the = institutional vol. was 3:1 on 8/22 I probably wouldn't have = thought it to=20 be distribution I would have thought it was just = consolidation of=20 b/o on low vol.  . Also, the monthly institutional 2:1 = volume I=20 would have attributed to buying the b/o  Obviously I missed = something=20 can you clarify.=20

Thanks=20

 Katherine Malm wrote:=20 Hi=20 James,

I'll add to John's "thanks for a great post" as = it's info=20 like this that
helps bring out the more subtle clues when = making=20 buy/sell decisions. I've
only recently gotten into the habit = of=20 looking at hourly charts, as DGO
didn't have this feature in = the=20 older version. Your post is a great insight
as to how this = can be=20 helpful as a sanity check on price/volume action.

Here's = a=20 resource I use regularly which also helps pick up on the = more
subtle=20 aspects of buying/selling in the=20 market:

http://makeashorterlink.com/?J1B8643B1 (Thomspon = I-Watch,=20 view 8/22)


This shows the trend in institutional vs. = retail=20 buying/selling over a
period of time. The link above is for = the view=20 on 8/22, where it's clear
there's heavy sell interest by=20 institutions. (that day, about 3:1
Institutions:Retail = activity, and=20 2:1 for the month to that point.) Click to
a monthly view and = the=20 heavy sell interest shows up leading into the=20 gap
down.

http://makeashorterlink.com/?N6C8523B1 (view = to=20 date, 1 month)

Katherine

----- Original Message=20 -----
From: "John Calkins"
To:=20
Sent: Thursday, September 05, = 2002 7:16=20 AM
Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post=20 Analysis


| Hi James,
|
| Thanks for your = incredible=20 responce to my Failed Breakout and Stops! I've
| tried to = look at the=20 intraday charts before but didn't take them seriously
| = enough I=20 guess. I have noted before that big moves on high volume = during
| the=20 day seemed to be connected to some news or something, but was=20 afraid
it
| was just market makers or day trading. I can't = get=20 more than 10 days ago
at
| BigCharts for a history on CSTR = for the=20 time frame but I think I
understand
| that when you see a = CWH=20 pattern within a 5 day then watch for a handle to
| form or = breakdown=20 or up in price with high volume. Do you look = at
BigCharts
| for=20 this intraday charting and what is you setting preference, such = as=20 5
or
| 10 day/ 1 hour or 15 min.? I had been getting my=20 volume/price information
| each day from my telephone service = with TD=20 Waterhouse but it looks like
your
| intra-day charts work = much=20 better.
|
|
|
|
|
|
| ---- Original Message = -----
| From: "James Bond"
| =
| Sent: Tuesday, September 03, = 2002 6:44=20 PM
| Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post=20 Analysis
|
|
| > CSTR presents an interesting = example of the=20 importance
| > of intraday charts. There is no clue of=20 impending
| > trouble on the daily chart until the stock = broke=20 down.
| > The intraday chart, however, telegraphed the bad = news
| > well in advance.
| >
| > Like many = other=20 people, I too cannot follow the market
| > during the day = and have=20 to check charts during the
| > evening. When I have a = position=20 open, I check the
| > chart every night with no = exception.
|=20 >
| > On Thursday, Aug 22, when this rally was = still
| >=20 advancing, I was surprised that evening to see many
| > = bearish=20 charts among the leading stocks. For example,
| > FCN had = a=20 deterioting relative strength, CCR made a
| > new high but = its=20 relative strength lagged, DORL gapped
| > to a new high = but saw no=20 progress in daily price
| > (distribution), and PIXR had = formed an=20 evening star
| > candlestick pattern. If one or two stocks = were=20 acting
| > poorly it probably wouldn't have bothered me so = much.
| > When most of the leading stocks were showing = signs=20 of
| > weakness the market was in trouble. At that time I = was
|=20 > long CCR, CSTR, DORL, NUTR, and PIXR. My first
| > = decision=20 was to sell CCR, DORL and PIXR at the open
| > next = morning, and=20 but to keep CSTR and NUTR.
| >
| > I changed my mind = when I=20 looked at the intraday chart
| > for CSTR. On the daily = chart,=20 CSTR had formed an
| > impeccible CwH base, with pp at = 31.22. The=20 breakout
| > was on very good volume, and reached a high = of=20 34.2.
| > Because of a little overhead resistance (as=20 mentioned
| > by others), it was expected to form a second = handle
| > before breaking out to new highs. This was also = noted
| > by the issue of IBD the day after its breakout. = It
|=20 > consolidated between 32 and 34 the next 5 days, with
| = >=20 nothing extraordinary shown on the daily chart. I was
| > = several=20 times tempted to add shares when it pulled to
| > low 32's = but=20 thougt better of it. My plan was to add
| > to my position = when it=20 broke out of the second handle.
| > I wasn't even thinking = about=20 selling it before I
| > looked at the intraday chart.
| = >
| > I was alarmed by the intraday chart. On the = intraday
|=20 > chart, the consolidation between 32 and 34 showed up
| = > as a=20 five day CwH formation, with the appropriate
| > volume = actions=20 (large volume on left and right sides,
| > dryups on = bottom and in=20 handle). Handle high was 33.76
| > which was the intraday = high on=20 Thursday. Everything
| > was great except for the last = hour or so=20 of Thursday.
| > Some heavy selling came in and broke the=20 handle
| > formation (little did I know that the Off Wall=20 Street
| > report was issued to its clients on that=20 Thursday).
| > WON told us that heavy selling in handle = was a sign=20 of
| > trouble, and a good short can be entered when = the
| >=20 handle low was broken as the volume picked up. Of
| > = course he=20 was refering to daily charts. Intraday
| > charts work the = same=20 way except its validity is much
| > shorter in duration. = If the=20 market were healthy, I
| > probably would have expected = CSTR to=20 pullback and test
| > the pp and a decision could be made = after=20 the test.
| > But with the other leading stocks weakening, = there=20 was
| > no question at that point that CSTR was going to=20 break
| > below its pivot point. So I decided to sell it = the
|=20 > next morning along with the others for a small profit.
| = >
| > I was kicking myself a few days later when CSTR=20 barely
| > dipped below the pp and then rallied past my = sell
|=20 > price. But that lasted only one day. Thank goodness
| = > the=20 intraday chart gave me the only clue there was.
| >
| = > As=20 far as CVH was concerned, I ruled it out as a buy
| > = candidate=20 early on. There were several issues with
| > CVH. First = was the=20 lack of confirming strength in the
| > group - although = the group=20 ranking was high, other
| > stocks in the group either = didn't have=20 a proper base
| > (SIE), or had a wide and loose base = (MME). I=20 avoid
| > groups like this. Second CVH was overowned = by
| >=20 institutions - over 90% of ownership. WON's rule was
| > = less than=20 50% institutional ownership. Third was a
| > non-CANSLIM = issue:=20 CVH was being investigated for
| > overcharging = government.=20 Although it was an old issue,
| > as long as it remained=20 unresolved, there could always
| > be surprises.
| = >
|=20 > One final note. I don't think taking a 7% loss on
| > = every=20 losing trade is ok. If one takes a 7% loss in a
| > string = of 5=20 trades (a finite probability), that's a
| > third of = capital lost=20 - too much for any trading
| > method, considering how = hard it is=20 to have a 50%
| > return (the amount needed to come back). = My
|=20 > understanding of it is that WON didn't intend 7% to be
| = >=20 where you place the stop order. Instead it's the
| > = maximum=20 allowable loss for a single trade. Usually it
| > should = take a=20 screwup to have a 7% loss. If one buys a
| > stock = correctly, a=20 2-3% loss is achievable if the
| > stock fails. Sometimes = one can=20 even exit with a small
| > profit if the chart is read=20 = correctly.

= ------=_NextPart_000_05CA_01C255D1.B9791040-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Frank Wolynski" Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 16:57:06 -0400 Shorts rule. They are as organized as the bulls of the great Internet IPO hoaxs. Regards, Frank Wolynski -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Friday, September 06, 2002 4:32 PM "C"rap "S"hoot - seems that's what buying breakouts in this market is. Up $2 yesterday, down $3 today on heavy 400% volume. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Friday, September 06, 2002 4:06 AM Tom, I probably haven't had enough of my diet pepsi this morning, but what does "CS criteria" mean? The C and S from CANSLIM? Thanks, Marc --- Tom Worley wrote: > nice b/o from a c&h on heavy volume yesterday, CS criteria look > very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] TTWO Date: 06 Sep 2002 13:41:09 -1000 Frank, Can you explain to a market neophyte how they work? Maybe we can learn how to defend ourelves, or at least join 'em if we can't beat 'em. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Frank Wolynski Sent: Friday, September 06, 2002 10:57 AM Shorts rule. They are as organized as the bulls of the great Internet IPO hoaxs. Regards, Frank Wolynski -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Friday, September 06, 2002 4:32 PM "C"rap "S"hoot - seems that's what buying breakouts in this market is. Up $2 yesterday, down $3 today on heavy 400% volume. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Friday, September 06, 2002 4:06 AM Tom, I probably haven't had enough of my diet pepsi this morning, but what does "CS criteria" mean? The C and S from CANSLIM? Thanks, Marc --- Tom Worley wrote: > nice b/o from a c&h on heavy volume yesterday, CS criteria look > very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 20:03:56 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00A1_01C255E0.8828B680 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Stop orders guarantee you a sell or buy order. It could be at the stop = price, near it or far from it, but the order will be exercised. I never = leave the PC without sell stop (loss order) set to a support level or = whatever. I don't believe in the floor specialists gobbling up sell stop = orders. I trade a few hundred stocks per year and don't have a problem = with sell stop orders.=20 DanF To: canslim=20 Sent: Friday, September 06, 2002 4:10 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? which is right? One says a stop order will always execute somewhere = even if it is not at the stop price( this is what I thought) and one = says the market can pass through the stop and it will never be executed. = They both can not be correct. Advice from the more experienced then I = please. Thanks again for the help nancy ----- Original Message ----- From: Dan Forant Sent: Friday, September 06, 2002 10:57 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Buy Stop Limit orders? A stop order, buy or sell will always execute (somewhere). A Stop = Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- From: "david frank" To: Sent: Friday, September 06, 2002 12:53 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? > Warren, the bad thing about a stop order is that it is a secondary = order. A > broker doesn't have to execute it, thereby, you don't really have = any > recourse, if it is not executed, although the price of the stock = was within > your price parameters. If the price of the stock is outside of = your stop, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be undersood = only by > > those of a certain age, if no one "gets" it I will explain, if = asked -- > > > > anyway, back to the subject -- whether people here have used buy = stop > > limit orders to trigger a purchase if the price of a stock rises = above > > the limit price. You would need to use this with some sort of = manual or > > automatic scan for increased volume to make a good buy on a = breakout, > > but given the volume, seems like a buy stop limit order would = help one > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00A1_01C255E0.8828B680 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Stop orders guarantee you a sell or buy = order.  It=20 could be at the stop price, near it or far from it, but the order will = be=20 exercised. I never leave the PC without sell stop (loss order) set to a = support=20 level or whatever. I don't believe in the floor specialists gobbling up = sell=20 stop orders. I trade a few hundred stocks per year and don't have a = problem with=20 sell stop orders.
 
DanF
 
To: canslim
Sent: Friday, September 06, = 2002 4:10=20 PM
Subject: Re: [CANSLIM] Buy Stop = Limit=20 orders?

which is right?  One says a stop order will always = execute=20 somewhere even if it is not at the stop price( this is what I thought) = and one=20 says the market can pass through the stop and it will never be=20 executed.  They both can not be correct.  Advice from the = more=20 experienced then I please.  Thanks again for the help nancy
 
----- Original Message -----
From: Dan=20 Forant
Sent: Friday, September 06, = 2002 10:57=20 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Buy = Stop Limit=20 orders?
 
A stop order, buy or sell will always execute = (somewhere).=20 A Stop Limit
order may not if the market blows up through the = stop=20 *limit*.

DanF
----- Original Message -----
From: "david = frank"=20 <camelot.homes@charter.net>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, September 06, = 2002 12:53=20 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?


> = Warren,=20 the bad thing about a stop order is that it is a secondary=20 order.
A
> broker doesn't have to execute it, thereby, you = don't=20 really have any
> recourse, if it is not executed, although = the price=20 of the stock was
within
> your price parameters. If the = price of=20 the stock is outside of your stop,
it
> will not execute.=20 dave
> ----- Original Message -----
> From: "Warren = Keuffel"=20 <wkeuffel@xmission.com>
> To: "CANSLIM list"=20 <canslim@lists.xmission.com>
> Sent: Friday, September = 06, 2002=20 10:55 AM
> Subject: [CANSLIM] Buy Stop Limit=20 orders?
>
>
> > I am curious (yellow) -- sorry, = bad=20 joke that will be undersood only by
> > those of a certain = age, if=20 no one "gets" it I will explain, if asked --
> >
> = >=20 anyway, back to the subject -- whether people here have used buy=20 stop
> > limit orders to trigger a purchase if the price of = a stock=20 rises above
> > the limit price. You would need to use this = with=20 some sort of manual or
> > automatic scan for increased = volume to=20 make a good buy on a breakout,
> > but given the volume, = seems like=20 a buy stop limit order would help one
> > buy at the pivot = point.=20 Or not?
> >
> > Thanks,
> > = Warren
>=20 >
> >
> > -
> > -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
> > -In the email body, = write=20 "subscribe canslim" or
> > -"unsubscribe canslim".  Do = not use=20 quotes in your email.
>
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> -In = the email=20 body, write "subscribe canslim" or
> -"unsubscribe = canslim".  Do=20 not use quotes in your email.
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email body,=20 write "subscribe canslim" or
-"unsubscribe canslim".  Do not = use=20 quotes in your email.
------=_NextPart_000_00A1_01C255E0.8828B680-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] DLX Date: 06 Sep 2002 20:21:30 -0500 As I sit here waiting to see if TS Fay will be a hurricane before it hits us tomorrow, I'm hoping to not need my *check* book. And then right here on my computer appeared this unassuming little chart of DLX (the personal check makers). Good looking chart with the typical July *V* bottom cup. The right side has some decent vol (for a company with such boring and less-than-impressive fundamentals) and the handle is on lower vol and not dipping too much (I hate when they do that!). And the tight trading range will make it much easier to hold onto for those holding. Investors.com has it #1 in it's group (sounds like a dialog from M*A*S*H: "the best ballet dancer in Galveston"). I wouldn't think, with consumer confidence low, that checks would be in great demand. Anyway, anyone else see this one? Any thoughts? Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] GAN - strange chart pattern Date: 06 Sep 2002 22:05:16 -0400 one of my personal rules is to always sell immediately upon, or very shortly after, any buyout offer of any kind. Doesn't matter if it is for cash, stock, or some combo. For those deals that fall apart, they almost always gap down at least to the level where they traded prior to the acquisition offer. In the case of FDCC, it was trending down immediately before the offer, then trended down during the time between the offer, and the offer falling apart. Two very good signals to take what you got and get out while you can. Under the best of circumstances (all cash offer, so stock trades flat for months just under the amount of the cash price offer), you have capital tied up. If it happened close to the end of your tax year, you might want to wait until the new year to postpone the taxes you will owe (assuming it will be a capital gain). Or if you are close to owning it for a year, you might want to wait to turn it into a long term capital gain instead of short term (again assuming it will be a profit). But outside of tax related issues, I have not normally found a reason to continue owning after an acquisition announcement. For the small additional value you may gain, the loss of use of the capital, and the risk you take that the deal falls apart are just too great for me, and I prefer to leave that to the arbitrage players. When the acquisition is for stock, or part stock with cash, you then need to evaluate the quality of the stock chart of the acquiring company. If it's not one you eventually want to own, that is all the reason to look for the exit. ----- Original Message ----- Sent: Friday, September 06, 2002 4:38 PM Also see FDCC :) ----- Original Message ----- Sent: Friday, September 06, 2002 12:18 PM > Hi David, > > Here are some examples of the chart pattern when a stock is to be acquired > for cash: > > http://WallStreet-LLC.com/canslim/PZL090602.jpg > http://WallStreet-LLC.com/canslim/GAN090602.jpg > http://WallStreet-LLC.com/canslim/USLB090602.jpg > http://WallStreet-LLC.com/canslim/MDBK090602.jpg > > Katherine > > ----- Original Message ----- > From: "Lin Wells" > To: > Sent: Friday, September 06, 2002 1:26 PM > Subject: RE: [CANSLIM] GAN - strange chart pattern > > > | > | Berkshire Hathaway has signed a deal to purchase it for $60 a share > | > | Lin > | > | -----Original Message----- > | From: owner-canslim@lists.xmission.com > | [mailto:owner-canslim@lists.xmission.com] On Behalf Of david rossing > | Sent: Friday, September 06, 2002 1:21 PM > | To: canslim@lists.xmission.com > | Subject: [CANSLIM] GAN - strange chart pattern > | > | I'm curious about thoughts on the chart for GAN. It had a decent rise, > | then what looked to be forming a cup. On the right side, about halfway > | up, there's a rise on really high volume, then it turns into a 9 week > | flat base with a range of about 0.5 (<1% of the price). Is this a > | chart that shows a stock to avoid, or wait and see? Also, I'm > | wondering what the explanation of buying and selling is that would form > | a chart like this? (Similar to the explanation someone gave about why > | a normal c/h forms) Thanks. > | > | Dave Rossing > | > | __________________________________________________ > | Do You Yahoo!? > | Yahoo! Finance - Get real-time stock quotes > | http://finance.yahoo.com > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > | > | > | > | - > | -To subscribe/unsubscribe, email "majordomo@xmission.com" > | -In the email body, write "subscribe canslim" or > | -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 22:24:45 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00F7_01C255F4.3451C330 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, a stop order converts to a market order (wherever the market is = then). A stop LIMIT order converts to a LIMIT order (again, wherever the = market is). So if the stop price is hit by a big gap, then the stop = order becomes a market, and naturally executes, altho at a price that = may be a real surprise. A stop LIMIT order, because it now is a LIMIT = order, may not execute if the market moved outside of the LIMIT range. Example: you find an absolutely perfect, classic, textbook cup and = handle. Can't find a single thing wrong with either the chart or its = fundamentals, even after exhaustive hours of due diligence (ok, I admit = it, I like to fantasize). You determine that the perfect pivot point is exactly $25.20, so you = enter a Buy Stop order at $25.30. Your friend, however, enters a Buy = Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% over the pivot). = Shortly before the open, the company announces that it has accepted a = cash buyout at $29, and the stock gaps to that price (or higher, or just = under) as the shorts immediately cover. Your buy is executed at around = $29, and the best you can hope for is to sell at a breakeven, if you are = lucky cover transaction costs. Your friend's order never executes = because of the LIMIT and is able to simply cancel the order when the = news is discovered. Exactly the same thing can happen on a Sell Stop / Sell Stop LIMIT = order. A stop order means you take what the market gives you, and can be = triggered when the volume might have kept you out of the trade entirely. = A stop LIMIT order means you may never get an execution, but may have a = second chance to evaluate the situation, and change the order, or cancel = it entirely. As one further comment, many firms still will not accept Stop LIMIT = orders on NASDAQ stocks, especially if they are not very liquid. ----- Original Message -----=20 Sent: Friday, September 06, 2002 4:10 PM which is right? One says a stop order will always execute somewhere = even if it is not at the stop price( this is what I thought) and one = says the market can pass through the stop and it will never be executed. = They both can not be correct. Advice from the more experienced then I = please. Thanks again for the help nancy ----- Original Message ----- From: Dan Forant Sent: Friday, September 06, 2002 10:57 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Buy Stop Limit orders? A stop order, buy or sell will always execute (somewhere). A Stop = Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- From: "david frank" To: Sent: Friday, September 06, 2002 12:53 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? > Warren, the bad thing about a stop order is that it is a secondary = order. A > broker doesn't have to execute it, thereby, you don't really have = any > recourse, if it is not executed, although the price of the stock was within > your price parameters. If the price of the stock is outside of your = stop, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be undersood = only by > > those of a certain age, if no one "gets" it I will explain, if = asked -- > > > > anyway, back to the subject -- whether people here have used buy = stop > > limit orders to trigger a purchase if the price of a stock rises = above > > the limit price. You would need to use this with some sort of = manual or > > automatic scan for increased volume to make a good buy on a = breakout, > > but given the volume, seems like a buy stop limit order would help = one > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00F7_01C255F4.3451C330 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy, a stop order converts to a = market order=20 (wherever the market is then). A stop LIMIT order converts to a LIMIT = order=20 (again, wherever the market is). So if the stop price is hit by a big = gap, then=20 the stop order becomes a market, and naturally executes, altho at a = price that=20 may be a real surprise. A stop LIMIT order, because it now is a LIMIT = order, may=20 not execute if the market moved outside of the LIMIT range.
 
Example: you find an absolutely = perfect, classic,=20 textbook cup and handle. Can't find a single thing wrong with either the = chart=20 or its fundamentals, even after exhaustive hours of due diligence (ok, I = admit=20 it, I like to fantasize).
 
You determine that the perfect pivot = point is=20 exactly $25.20, so you enter a Buy Stop order at $25.30. Your friend, = however,=20 enters a Buy Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% over = the=20 pivot). Shortly before the open, the company announces that it has = accepted a=20 cash buyout at $29, and the stock gaps to that price (or higher, or just = under)=20 as the shorts immediately cover. Your buy is executed at around $29, and = the=20 best you can hope for is to sell at a breakeven, if you are lucky cover=20 transaction costs. Your friend's order never executes because of the = LIMIT and=20 is able to simply cancel the order when the news is = discovered.
 
Exactly the same thing can happen on a = Sell Stop /=20 Sell Stop LIMIT order. A stop order means you take what the market gives = you,=20 and can be triggered when the volume might have kept you out of the = trade=20 entirely. A stop LIMIT order means you may never get an execution, but = may have=20 a second chance to evaluate the situation, and change the order, or = cancel it=20 entirely.
 
As one further comment, many firms = still will not=20 accept Stop LIMIT orders on NASDAQ stocks, especially if they are not = very=20 liquid.
 
----- Original Message -----=20
From: NANCY = POLCARO
To: canslim
Sent: Friday, September 06, 2002 4:10 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?

which is right?  One says a stop order will always = execute=20 somewhere even if it is not at the stop price( this is what I thought) = and one=20 says the market can pass through the stop and it will never be=20 executed.  They both can not be correct.  Advice from the more = experienced then I please.  Thanks again for the help nancy
 
----- Original Message -----
From:=20 Dan Forant
Sent: Friday, September 06, = 2002 10:57=20 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Buy Stop = Limit=20 orders?
 
A stop order, buy or sell will always execute = (somewhere). A=20 Stop Limit
order may not if the market blows up through the stop=20 *limit*.

DanF
----- Original Message -----
From: "david = frank"=20 <camelot.homes@charter.net>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, September 06, 2002 = 12:53=20 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?


> = Warren,=20 the bad thing about a stop order is that it is a secondary = order.
A
>=20 broker doesn't have to execute it, thereby, you don't really have = any
>=20 recourse, if it is not executed, although the price of the stock=20 was
within
> your price parameters. If the price of the stock = is=20 outside of your stop,
it
> will not execute. dave
> = -----=20 Original Message -----
> From: "Warren Keuffel"=20 <wkeuffel@xmission.com>
> To: "CANSLIM list"=20 <canslim@lists.xmission.com>
> Sent: Friday, September 06, = 2002=20 10:55 AM
> Subject: [CANSLIM] Buy Stop Limit=20 orders?
>
>
> > I am curious (yellow) -- sorry, = bad joke=20 that will be undersood only by
> > those of a certain age, if = no one=20 "gets" it I will explain, if asked --
> >
> > = anyway, back=20 to the subject -- whether people here have used buy stop
> > = limit=20 orders to trigger a purchase if the price of a stock rises = above
> >=20 the limit price. You would need to use this with some sort of manual=20 or
> > automatic scan for increased volume to make a good buy = on a=20 breakout,
> > but given the volume, seems like a buy stop = limit order=20 would help one
> > buy at the pivot point. Or not?
>=20 >
> > Thanks,
> > Warren
> >
>=20 >
> > -
> > -To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
> > -In the email body, write = "subscribe=20 canslim" or
> > -"unsubscribe canslim".  Do not use = quotes in=20 your email.
>
>
> -
> -To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
> -In the email body, write "subscribe = canslim"=20 or
> -"unsubscribe canslim".  Do not use quotes in your=20 email.
>


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_00F7_01C255F4.3451C330-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DLX Date: 06 Sep 2002 22:34:08 -0400 Hi Norman, From Sept 2000 thru Mar 2002, DLX was a near textbook LLUR chart, despite its lack of forecasted growth either on sales or earnings. Now, just as then, I could find no justification for its steady progress. Maybe seen as a safe haven in turbulent times and poor "M", I guess, with steady (but not exciting) growth. ----- Original Message ----- Sent: Friday, September 06, 2002 9:21 PM As I sit here waiting to see if TS Fay will be a hurricane before it hits us tomorrow, I'm hoping to not need my *check* book. And then right here on my computer appeared this unassuming little chart of DLX (the personal check makers). Good looking chart with the typical July *V* bottom cup. The right side has some decent vol (for a company with such boring and less-than-impressive fundamentals) and the handle is on lower vol and not dipping too much (I hate when they do that!). And the tight trading range will make it much easier to hold onto for those holding. Investors.com has it #1 in it's group (sounds like a dialog from M*A*S*H: "the best ballet dancer in Galveston"). I wouldn't think, with consumer confidence low, that checks would be in great demand. Anyway, anyone else see this one? Any thoughts? Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] TTWO Date: 06 Sep 2002 22:41:59 -0400 sorry Marc, just my shorthand for CANSLIM ----- Original Message ----- Sent: Friday, September 06, 2002 10:05 AM Tom, I probably haven't had enough of my diet pepsi this morning, but what does "CS criteria" mean? The C and S from CANSLIM? Thanks, Marc --- Tom Worley wrote: > nice b/o from a c&h on heavy volume yesterday, CS criteria look > very good, > especially in such a lousy "M" > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] DLX Date: 06 Sep 2002 21:44:59 -0500 Tom, I think we see the same thing. Only things I could gather quickly were: they have paid quarterly dividends for 5 yrs, are in the midst of repurchasing 20% (12 mil shrs) of their outstanding common stock, have a deal with M$ to be a part of Money 2003 and have a really good website. Their fundies are not much to write home about tho. But that chart is appealing. Will be fun to watch it (and I don't own any, yet). Norm ----- Original Message ----- Sent: Friday, September 06, 2002 9:34 PM > Hi Norman, > > From Sept 2000 thru Mar 2002, DLX was a near textbook LLUR chart, despite > its lack of forecasted growth either on sales or earnings. Now, just as > then, I could find no justification for its steady progress. Maybe seen as a > safe haven in turbulent times and poor "M", I guess, with steady (but not > exciting) growth. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Friday, September 06, 2002 9:21 PM > Subject: [CANSLIM] DLX > > > As I sit here waiting to see if TS Fay will be a hurricane before it hits us > tomorrow, I'm hoping to not need my *check* book. And then right here on my > computer appeared this unassuming little chart of DLX (the personal check > makers). > > Good looking chart with the typical July *V* bottom cup. The right side has > some decent vol (for a company with such boring and less-than-impressive > fundamentals) and the handle is on lower vol and not dipping too much (I > hate when they do that!). And the tight trading range will make it much > easier to hold onto for those holding. Investors.com has it #1 in it's > group (sounds like a dialog from M*A*S*H: "the best ballet dancer in > Galveston"). I wouldn't think, with consumer confidence low, that checks > would be in great demand. > > Anyway, anyone else see this one? Any thoughts? > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Ann" Subject: Re: [CANSLIM] TTWO Date: 06 Sep 2002 22:49:15 -0400 I believe they are involved in a class-action suit. I just received the papers today (haven't had a chance to read them yet). I owned it in 1998-99. Ann ----- Original Message ----- Sent: Friday, September 06, 2002 5:19 PM : SEC Investigation....they are still under scrutiny even to this day. : : : ----- Original Message ----- : From: "Chris Dempsey" : To: : Sent: Friday, September 06, 2002 4:13 PM : Subject: RE: [CANSLIM] TTWO : : : | Industry Group Rank 165 should keep everyone out of this one. I'm curious, : | does anyone know why this didn't trade between 1/22/02 and 2/15/02? : | : | -----Original Message----- : | From: owner-canslim@lists.xmission.com : | [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman : | Sent: Friday, September 06, 2002 3:22 PM : | To: canslim@lists.xmission.com : | Subject: Re: [CANSLIM] TTWO : | : | : | Tom, : | : | I noted that nicely shaped c&h but some vol action raised red flags for : me. : | First I noted some above avg selling in the handle; but there was some : above : | avg buying also so not too bad. And the handle vol didn't really dry up : as : | WON dictates. In fact the right side of the cup had lower vol, that : really : | bothered me. Stepping back, the vol on this issue never really has : inspired : | me. But it has been a decent, if turbulent performer throughout the bear : | market. : | : | And then today, WHAM! Have we seen that before, recently?! : | : | Norm : | ----- Original Message ----- : | From: "Tom Worley" : | To: "CANSLIM" : | Sent: Friday, September 06, 2002 7:08 AM : | Subject: [CANSLIM] TTWO : | : | : | > nice b/o from a c&h on heavy volume yesterday, CS criteria look very : good, : | > especially in such a lousy "M" : | > : | > Tom Worley : | > stkguru@bellsouth.net : | > AIM: TexWorley : | > : | > : | > : | > - : | > -To subscribe/unsubscribe, email "majordomo@xmission.com" : | > -In the email body, write "subscribe canslim" or : | > -"unsubscribe canslim". Do not use quotes in your email. : | > : | > : | : | : | - : | -To subscribe/unsubscribe, email "majordomo@xmission.com" : | -In the email body, write "subscribe canslim" or : | -"unsubscribe canslim". Do not use quotes in your email. : | : | : | - : | -To subscribe/unsubscribe, email "majordomo@xmission.com" : | -In the email body, write "subscribe canslim" or : | -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "NANCY POLCARO" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 06 Sep 2002 20:14:27 -0700 ------=_NextPart_001_0000_01C255E2.0049C680 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Tom-you dont have a chart to go with that do you-(haha) nancy =20 =20 ----- Original Message ----- Sent: Friday, September 06, 2002 7:25 PM =20 Nancy, a stop order converts to a market order (wherever the market is th= en). A stop LIMIT order converts to a LIMIT order (again, wherever the ma= rket is). So if the stop price is hit by a big gap, then the stop order b= ecomes a market, and naturally executes, altho at a price that may be a r= eal surprise. A stop LIMIT order, because it now is a LIMIT order, may no= t execute if the market moved outside of the LIMIT range. =20 Example: you find an absolutely perfect, classic, textbook cup and handle= . Can't find a single thing wrong with either the chart or its fundamenta= ls, even after exhaustive hours of due diligence (ok, I admit it, I like = to fantasize). =20 You determine that the perfect pivot point is exactly $25.20, so you ente= r a Buy Stop order at $25.30. Your friend, however, enters a Buy Stop LIM= IT order at Buy Stop $25.30, LIMIT $26.46 (5% over the pivot). Shortly be= fore the open, the company announces that it has accepted a cash buyout a= t $29, and the stock gaps to that price (or higher, or just under) as the= shorts immediately cover. Your buy is executed at around $29, and the be= st you can hope for is to sell at a breakeven, if you are lucky cover tra= nsaction costs. Your friend's order never executes because of the LIMIT a= nd is able to simply cancel the order when the news is discovered. =20 Exactly the same thing can happen on a Sell Stop / Sell Stop LIMIT order.= A stop order means you take what the market gives you, and can be trigge= red when the volume might have kept you out of the trade entirely. A stop= LIMIT order means you may never get an execution, but may have a second = chance to evaluate the situation, and change the order, or cancel it enti= rely. =20 As one further comment, many firms still will not accept Stop LIMIT order= s on NASDAQ stocks, especially if they are not very liquid. =20 ----- Original Message ----- =20 Sent: Friday, September 06, 2002 4:10 PM which is right? One says a stop order will always execute somewhere even= if it is not at the stop price( this is what I thought) and one says the= market can pass through the stop and it will never be executed. They bo= th can not be correct. Advice from the more experienced then I please. = Thanks again for the help nancy =20 ----- Original Message ----- Sent: Friday, September 06, 2002 10:57 AM =20 A stop order, buy or sell will always execute (somewhere). A Stop Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- Sent: Friday, September 06, 2002 12:53 PM > Warren, the bad thing about a stop order is that it is a secondary orde= r. A > broker doesn't have to execute it, thereby, you don't really have any > recourse, if it is not executed, although the price of the stock was within > your price parameters. If the price of the stock is outside of your sto= p, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be undersood only = by > > those of a certain age, if no one "gets" it I will explain, if asked = -- > > > > anyway, back to the subject -- whether people here have used buy stop > > limit orders to trigger a purchase if the price of a stock rises abov= e > > the limit price. You would need to use this with some sort of manual = or > > automatic scan for increased volume to make a good buy on a breakout, > > but given the volume, seems like a buy stop limit order would help on= e > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0000_01C255E2.0049C680 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Tom-you dont have a chart to go wi= th that do you-(haha) nancy 
 
----- Original Message -----
From: Tom Worley
Sent: Friday, September 06, 2002 7:25 PM
To: canslim@lists.xmission.co= m
Subject: Re: [CANSLIM] Buy= Stop Limit orders?
 
Nancy, a stop order converts to a market order (wherever the market= is then). A stop LIMIT order converts to a LIMIT order (again, wherever = the market is). So if the stop price is hit by a big gap, then the stop o= rder becomes a market, and naturally executes, altho at a price that may = be a real surprise. A stop LIMIT order, because it now is a LIMIT order, = may not execute if the market moved outside of the LIMIT range.
 
Example: you find an absolutely perfect, classic, textbook= cup and handle. Can't find a single thing wrong with either the chart or= its fundamentals, even after exhaustive hours of due diligence (ok, I ad= mit it, I like to fantasize).
 
You determine that= the perfect pivot point is exactly $25.20, so you enter a Buy Stop order= at $25.30. Your friend, however, enters a Buy Stop LIMIT order at Buy St= op $25.30, LIMIT $26.46 (5% over the pivot). Shortly before the open, the= company announces that it has accepted a cash buyout at $29, and the sto= ck gaps to that price (or higher, or just under) as the shorts immediatel= y cover. Your buy is executed at around $29, and the best you can hope fo= r is to sell at a breakeven, if you are lucky cover transaction costs. Yo= ur friend's order never executes because of the LIMIT and is able to simp= ly cancel the order when the news is discovered.
 
Exactly the same thing can happen on a Sell Stop / Sell Stop LIMIT orde= r. A stop order means you take what the market gives you, and can be trig= gered when the volume might have kept you out of the trade entirely. A st= op LIMIT order means you may never get an execution, but may have a secon= d chance to evaluate the situation, and change the order, or cancel it en= tirely.
 
=
As one further comment, many firms stil= l will not accept Stop LIMIT orders on NASDAQ stocks, especially if they = are not very liquid.
 
----- Original Message ----= -
To: canslim
Sent: = Friday, September 06, 2002 4:10 PM
Subject: Re: [CANSLI= M] Buy Stop Limit orders?

which is right= ?  One says a stop order will always execute somewhere even if = it is not at the stop price( this is what I thought) and one says th= e market can pass through the stop and it will never be executed.  T= hey both can not be correct.  Advice from the more experienced then = I please.  Thanks again for the help nancy
 
<= BLOCKQUOTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5= px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
From: Dan Forant
=
Sent: Friday, September 06, 2002 = 10:57 AM
To: canslim@lists.x= mission.com
Subject: Re: [CA= NSLIM] Buy Stop Limit orders?
 
A stop order, buy or= sell will always execute (somewhere). A Stop Limit
order may not if t= he market blows up through the stop *limit*.

DanF
----- Origina= l Message -----
From: "david frank" <camelot.homes@charter.net><= BR>To: <canslim@lists.xmission.com>
Sent: Friday, September 06, = 2002 12:53 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?

> Warren, the bad thing about a stop order is that it is a secondary = order.
A
> broker doesn't have to execute it, thereby, you don't= really have any
> recourse, if it is not executed, although the pr= ice of the stock was
within
> your price parameters. If the pric= e of the stock is outside of your stop,
it
> will not execute. d= ave
> ----- Original Message -----
> From: "Warren Keuffel" &= lt;wkeuffel@xmission.com>
> To: "CANSLIM list" <canslim@lists= .xmission.com>
> Sent: Friday, September 06, 2002 10:55 AM
&g= t; Subject: [CANSLIM] Buy Stop Limit orders?
>
>
> >= I am curious (yellow) -- sorry, bad joke that will be undersood only by<= BR>> > those of a certain age, if no one "gets" it I will explain, = if asked --
> >
> > anyway, back to the subject -- whet= her people here have used buy stop
> > limit orders to trigger a= purchase if the price of a stock rises above
> > the limit pric= e. You would need to use this with some sort of manual or
> > au= tomatic scan for increased volume to make a good buy on a breakout,
&g= t; > but given the volume, seems like a buy stop limit order would hel= p one
> > buy at the pivot point. Or not?
> >
> &= gt; Thanks,
> > Warren
> >
> >
> > -<= BR>> > -To subscribe/unsubscribe, email "majordomo@xmission.com"> > -In the email body, write "subscribe canslim" or
> > = -"unsubscribe canslim".  Do not use quotes in your email.
>>
> -
> -To subscribe/unsubscribe, email "majordomo@xmiss= ion.com"
> -In the email body, write "subscribe canslim" or
>= -"unsubscribe canslim".  Do not use quotes in your email.
>

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"<= BR>-In the email body, write "subscribe canslim" or
-"unsubscribe cans= lim".  Do not use quotes in your email.
------=_NextPart_001_0000_01C255E2.0049C680-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Marc Deiter Subject: Re: [CANSLIM] TTWO Date: 06 Sep 2002 20:16:19 -0700 (PDT) Sorry Tom. Shortly after I sent that message I had a nice laugh at my own expense. Took a while for the caffiene to soak in today. --- Tom Worley wrote: > sorry Marc, just my shorthand for CANSLIM > > ----- Original Message ----- > From: "Marc Deiter" > To: > Sent: Friday, September 06, 2002 10:05 AM > Subject: Re: [CANSLIM] TTWO > > > Tom, > > I probably haven't had enough of my diet pepsi this morning, but > what > does "CS criteria" mean? The C and S from CANSLIM? > > Thanks, > Marc > > --- Tom Worley wrote: > > nice b/o from a c&h on heavy volume yesterday, CS criteria look > > very good, > > especially in such a lousy "M" > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > __________________________________________________ > Do You Yahoo!? > Yahoo! Finance - Get real-time stock quotes > http://finance.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Mike Gibbons" Subject: RE: [CANSLIM] DLX Date: 06 Sep 2002 17:22:38 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0046_01C255C9.FF55DD80 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0047_01C255C9.FF55DD80" ------=_NextPart_001_0047_01C255C9.FF55DD80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Norman, I see a couple of heavy down days in the DLX chart coming up to the pivot, and the volume hasn't dried up in the handle. These factors held it back in my chart rankings. If you like DLX's chart, you should also like TREE, although the fundamentals are in divergence from the chart. With an up/down volume ratio of 2.3 and an RS of 94, something is going on here with the technicals that's not supported by the fundies. Any ideas anyone? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Friday, September 06, 2002 4:45 PM Tom, I think we see the same thing. Only things I could gather quickly were: they have paid quarterly dividends for 5 yrs, are in the midst of repurchasing 20% (12 mil shrs) of their outstanding common stock, have a deal with M$ to be a part of Money 2003 and have a really good website. Their fundies are not much to write home about tho. But that chart is appealing. Will be fun to watch it (and I don't own any, yet). Norm ----- Original Message ----- Sent: Friday, September 06, 2002 9:34 PM > Hi Norman, > > From Sept 2000 thru Mar 2002, DLX was a near textbook LLUR chart, despite > its lack of forecasted growth either on sales or earnings. Now, just as > then, I could find no justification for its steady progress. Maybe seen as a > safe haven in turbulent times and poor "M", I guess, with steady (but not > exciting) growth. > > ----- Original Message ----- > From: "Norman" > To: > Sent: Friday, September 06, 2002 9:21 PM > Subject: [CANSLIM] DLX > > > As I sit here waiting to see if TS Fay will be a hurricane before it hits us > tomorrow, I'm hoping to not need my *check* book. And then right here on my > computer appeared this unassuming little chart of DLX (the personal check > makers). > > Good looking chart with the typical July *V* bottom cup. The right side has > some decent vol (for a company with such boring and less-than-impressive > fundamentals) and the handle is on lower vol and not dipping too much (I > hate when they do that!). And the tight trading range will make it much > easier to hold onto for those holding. Investors.com has it #1 in it's > group (sounds like a dialog from M*A*S*H: "the best ballet dancer in > Galveston"). I wouldn't think, with consumer confidence low, that checks > would be in great demand. > > Anyway, anyone else see this one? Any thoughts? > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_001_0047_01C255C9.FF55DD80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi Norman,

I see a couple = of heavy down=20 days in the DLX chart coming up to the pivot, and the volume hasn't = dried up in=20 the handle. These factors held it back in my chart rankings.

If = you like=20 DLX's chart, you should also like TREE, although the fundamentals are in = divergence from the chart.

With an up/down volume ratio of = 2.3 and an RS=20 of 94, something is going on here with the technicals that's not = supported by=20 the fundies. Any ideas anyone?


3D""



Aloha,

Mike Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com


-----Original Message-----
From:=20 owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman
Sent: Friday, September 06, 2002 = 4:45=20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 DLX


Tom,

I think we see the same thing.  Only = things I=20 could gather quickly were:
they have paid quarterly dividends for 5 = yrs, are=20 in the midst of
repurchasing 20% (12 mil shrs) of their outstanding = common=20 stock, have a
deal with M$ to be a part of Money 2003 and have a = really good=20 website.
Their fundies are not much to write home about tho.  = But that=20 chart is
appealing.  Will be fun to watch it (and I don't own = any,=20 yet<G>).

Norm

----- Original Message -----
From: = "Tom=20 Worley" <stkguru@bellsouth.net>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, September 06, 2002 = 9:34=20 PM
Subject: Re: [CANSLIM] DLX


> Hi = Norman,
>
> From=20 Sept 2000 thru Mar 2002, DLX was a near textbook LLUR chart, = despite
> its=20 lack of forecasted growth either on sales or earnings. Now, just = as
>=20 then, I could find no justification for its steady progress. Maybe seen=20 as
a
> safe haven in turbulent times and poor "M", I guess, = with steady=20 (but not
> exciting) growth.
>
> ----- Original = Message=20 -----
> From: "Norman" <theboyd@tisd.net>
> To:=20 <canslim@lists.xmission.com>
> Sent: Friday, September 06, = 2002 9:21=20 PM
> Subject: [CANSLIM] DLX
>
>
> As I sit here = waiting=20 to see if TS Fay will be a hurricane before it hits
us
> = tomorrow, I'm=20 hoping to not need my *check* book.  And then right here = on
my
>=20 computer appeared this unassuming little chart of DLX (the personal=20 check
> makers).
>
> Good looking chart with the = typical July=20 *V* bottom cup.  The right side
has
> some decent vol (for = a=20 company with such boring and less-than-impressive
> fundamentals) = and the=20 handle is on lower vol and not dipping too much (I
> hate when = they do=20 that!).  And the tight trading range will make it much
> = easier to=20 hold onto for those holding.  Investors.com has it #1 in = it's
> group=20 (sounds like a dialog from M*A*S*H: "the best ballet dancer in
>=20 Galveston"<G>).  I wouldn't think, with consumer confidence = low,=20 that
checks
> would be in great demand.
>
> Anyway, = anyone=20 else see this one?  Any thoughts?
>
>=20 Norm
>
>
> -
> -To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
> -In the email body, write "subscribe = canslim"=20 or
> -"unsubscribe canslim".  Do not use quotes in your=20 email.
>
>
>
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the = email=20 body, write "subscribe canslim" or
> -"unsubscribe canslim".  = Do not=20 use quotes in your email.
>
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email = body,=20 write "subscribe canslim" or
-"unsubscribe canslim".  Do not use = quotes=20 in your email. =

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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Fred Richards" Subject: [CANSLIM] The Acc/Dis Charts from IBD have been updated. Date: 07 Sep 2002 06:43:11 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0062_01C25639.D54E5380 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit The Acc/Dis charts from IBD through Friday have been updated. They show that the downward trend of this market is still intact and that the institutions are backing away from the market. http://www.adrich.com/SI/Info/A's.htm ---- Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com ------=_NextPart_000_0062_01C25639.D54E5380 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
The = Acc/Dis charts=20 from IBD through Friday have been updated. 
 
They = show that the=20 downward trend of this market is still intact and that the institutions = are=20 backing away from the market.
 
http://www.adrich.com/SI/I= nfo/A's.htm
 
Fred Richards
 
Corruptisima republica plurimae = leges.  [The=20 more corrupt a republic, the more laws.]  - - Tacitus, Annuals III=20 27
 
www.adrich.com
 
------=_NextPart_000_0062_01C25639.D54E5380-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] Lurkers and Wedges Date: 07 Sep 2002 07:52:15 -0500 Katherine, Do you recognize today's Ask Bill O'Neil topic from a recent conversation here Our lurker's been busy again. At least they are covering good topics. Recently, an Investor's Corner said, "Handles that wedge higher on low volume suggest weak demand for a stock." Does that mean that handles that wedge higher on high volume suggest strong demand for the stock and are OK to buy? Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Lurkers and Wedges Date: 07 Sep 2002 08:04:16 -0500 Hah...pretty funny.... recent separate topics here have covered "handle characteristics" and "wedging" action.... though I don't believe we've actually talked about "wedging action in the handle" recently. At least they're connecting the dots and bringing up a new topic! Nice. Katherine ----- Original Message ----- Sent: Saturday, September 07, 2002 7:52 AM | Katherine, | | Do you recognize today's Ask Bill O'Neil topic from a recent conversation | here Our lurker's been busy again. At least they are covering good | topics. | | | | Recently, an Investor's Corner said, "Handles that wedge higher on low | volume suggest weak demand for a stock." Does that mean that handles that | wedge higher on high volume suggest strong demand for the stock and are OK | to buy? | | | | | Norm | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: Warren Keuffel Subject: Re: [CANSLIM] DLX Date: 08 Sep 2002 09:46:35 -0600 I made good money last year in DLX riding the LLUR pattern, then it rolled over and I bailed. Maybe it's ready to resume its winning ways... Warren Norman wrote: > As I sit here waiting to see if TS Fay will be a hurricane before it hits us > tomorrow, I'm hoping to not need my *check* book. And then right here on my > computer appeared this unassuming little chart of DLX (the personal check > makers). > > Good looking chart with the typical July *V* bottom cup. The right side has > some decent vol (for a company with such boring and less-than-impressive > fundamentals) and the handle is on lower vol and not dipping too much (I > hate when they do that!). And the tight trading range will make it much > easier to hold onto for those holding. Investors.com has it #1 in it's > group (sounds like a dialog from M*A*S*H: "the best ballet dancer in > Galveston"). I wouldn't think, with consumer confidence low, that checks > would be in great demand. > > Anyway, anyone else see this one? Any thoughts? > > Norm > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "rolf hertenstein" Subject: [CANSLIM] down vs. up volume Date: 07 Sep 2002 12:05:45 -0600 A couple of months ago I heard somebody somewhere (sorry for the lack of specifics - can't remember) mention that previous 'big' bears had several days with down volume on the NYSE trumping up volume by an order of magnitude. Thus far, we'd had none, and that somebody took it as a sign that we had not had 'final' capitulation. I noted last Tuesday's dump had down/up volume > 10; the first such day I'd seen. I conclude nothing from this - just found it as a noteworthy data point. Rolf - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: [CANSLIM] VMF Date: 07 Sep 2002 18:19:22 -0500 What is going on with this action? Seems to do the "tails up" thing an awful (pun intended) lot. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Norman" Subject: Re: [CANSLIM] VMF Date: 07 Sep 2002 18:37:27 -0500 OK, OK, must have been my keyboard getting revenge on me. Try VMV:-) Norm ----- Original Message ----- Sent: Saturday, September 07, 2002 6:19 PM > What is going on with this action? Seems to do the "tails up" thing an > awful (pun intended) lot. > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "david frank" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 07 Sep 2002 19:26:32 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_0030_01C256A4.78C77CC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Market orders will execute, if the market is open, and guarantees an = execution but not a price. Stop orders becomes a market order if the = stock trades at or through the stop price, thus, will execute. The limit = order is not guaranteed to execute inside the price of the limit. But if = executed the price you set or better is guaranteed. The stop limit order = becomes a limit order when the stock hits the stop price. Since the stop = limit order is a combination of a stop order and a limit order, again it = is not guaranteed to execute inside the price of the limit. The market = order is the priority order and a limit order maybe a secondary order. = In other words, any limit order may or may not execute inside your price = limit. And shall not execute outside your price limit. I believe in the = first post, Warren was asking about buy stop limit orders. and in my = first post I mentioned stop orders, left out limit, which i tried to = correct in my 2nd post. I have seen many times the price goes up on a = stock, inside my stock price limit, thinking it will execute at any = second, then going through the price limit without executing, especially = on the listed markets, which always take time to get market execution = verifications back. Then you call your friendly broker. and you say, = hey, why didn't my stock execute? And they will reply, hey, you had a = limit order, your stock doesn't have to execute. That is their out. no = recourse. That specialist might have taken your order at your good price = and the stock is higher and now it's his order at a profit. The reverse = may be true of sell orders. Dave ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, September 06, 2002 10:14 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? Thanks Tom-you dont have a chart to go with that do you-(haha) nancy=20 ----- Original Message ----- From: Tom Worley Sent: Friday, September 06, 2002 7:25 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Buy Stop Limit orders? Nancy, a stop order converts to a market order (wherever the market = is then). A stop LIMIT order converts to a LIMIT order (again, wherever = the market is). So if the stop price is hit by a big gap, then the stop = order becomes a market, and naturally executes, altho at a price that = may be a real surprise. A stop LIMIT order, because it now is a LIMIT = order, may not execute if the market moved outside of the LIMIT range. Example: you find an absolutely perfect, classic, textbook cup and = handle. Can't find a single thing wrong with either the chart or its = fundamentals, even after exhaustive hours of due diligence (ok, I admit = it, I like to fantasize). You determine that the perfect pivot point is exactly $25.20, so you = enter a Buy Stop order at $25.30. Your friend, however, enters a Buy = Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% over the pivot). = Shortly before the open, the company announces that it has accepted a = cash buyout at $29, and the stock gaps to that price (or higher, or just = under) as the shorts immediately cover. Your buy is executed at around = $29, and the best you can hope for is to sell at a breakeven, if you are = lucky cover transaction costs. Your friend's order never executes = because of the LIMIT and is able to simply cancel the order when the = news is discovered. Exactly the same thing can happen on a Sell Stop / Sell Stop LIMIT = order. A stop order means you take what the market gives you, and can be = triggered when the volume might have kept you out of the trade entirely. = A stop LIMIT order means you may never get an execution, but may have a = second chance to evaluate the situation, and change the order, or cancel = it entirely. As one further comment, many firms still will not accept Stop LIMIT = orders on NASDAQ stocks, especially if they are not very liquid. ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, September 06, 2002 4:10 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? which is right? One says a stop order will always execute somewhere = even if it is not at the stop price( this is what I thought) and one = says the market can pass through the stop and it will never be executed. = They both can not be correct. Advice from the more experienced then I = please. Thanks again for the help nancy ----- Original Message ----- From: Dan Forant Sent: Friday, September 06, 2002 10:57 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Buy Stop Limit orders? A stop order, buy or sell will always execute (somewhere). A Stop = Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- From: "david frank" To: Sent: Friday, September 06, 2002 12:53 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? > Warren, the bad thing about a stop order is that it is a = secondary order. A > broker doesn't have to execute it, thereby, you don't really = have any > recourse, if it is not executed, although the price of the stock = was within > your price parameters. If the price of the stock is outside of = your stop, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be = undersood only by > > those of a certain age, if no one "gets" it I will explain, if = asked -- > > > > anyway, back to the subject -- whether people here have used = buy stop > > limit orders to trigger a purchase if the price of a stock = rises above > > the limit price. You would need to use this with some sort of = manual or > > automatic scan for increased volume to make a good buy on a = breakout, > > but given the volume, seems like a buy stop limit order would = help one > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0030_01C256A4.78C77CC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Market orders will execute, if the market is = open, and=20 guarantees an execution but not a price. Stop orders becomes a market = order if=20 the stock trades at or through the stop price, thus, will = execute. The=20 limit order is not guaranteed to execute inside the price of the limit. = But if=20 executed the price you set or better is guaranteed. The stop limit order = becomes=20 a limit order when the stock hits the stop price. Since the stop limit = order is=20 a combination of a stop order and a limit order, again it is not = guaranteed to=20 execute inside the price of the limit. The market order is the priority = order=20 and a limit order maybe a secondary order.  In other words, any = limit order=20 may or may not execute inside your price limit. And shall not execute = outside=20 your price limit. I believe in the first post, Warren was asking about = buy stop=20 limit orders. and in my first post I mentioned stop orders, left out = limit,=20 which i tried to correct in my 2nd post. I have seen many times the = price goes=20 up on a stock, inside my stock price limit, thinking it will = execute at any=20 second, then going through the price limit without executing, especially = on the=20 listed markets, which always take time to get market execution = verifications=20 back. Then you call your friendly broker. and you say, hey, why didn't = my stock=20 execute? And they will reply, hey, you had a limit order, your stock = doesn't=20 have to execute. That is their out. no recourse. That specialist might = have=20 taken your order at your good price and  the stock is higher and = now it's=20 his order at a profit. The reverse may be true of sell orders. = Dave
----- Original Message -----
From:=20 NANCY = POLCARO=20
To: canslim
Sent: Friday, September 06, = 2002 10:14=20 PM
Subject: Re: [CANSLIM] Buy Stop = Limit=20 orders?

Thanks Tom-you dont have a chart to go with that = do you-(haha)=20 nancy 
 
----- Original Message -----
From: Tom=20 Worley
Sent: Friday, September 06, = 2002 7:25=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM] Buy = Stop Limit=20 orders?
 
Nancy, a stop order converts to a = market order=20 (wherever the market is then). A stop LIMIT order converts to a = LIMIT order=20 (again, wherever the market is). So if the stop price is hit by a = big gap,=20 then the stop order becomes a market, and naturally executes, altho = at a=20 price that may be a real surprise. A stop LIMIT order, because it = now is a=20 LIMIT order, may not execute if the market moved outside of the = LIMIT=20 range.
 
Example: you find an absolutely = perfect,=20 classic, textbook cup and handle. Can't find a single thing wrong = with=20 either the chart or its fundamentals, even after exhaustive hours of = due=20 diligence (ok, I admit it, I like to fantasize).
 
You determine that the perfect = pivot point is=20 exactly $25.20, so you enter a Buy Stop order at $25.30. Your = friend,=20 however, enters a Buy Stop LIMIT order at Buy Stop $25.30, LIMIT = $26.46 (5%=20 over the pivot). Shortly before the open, the company announces that = it has=20 accepted a cash buyout at $29, and the stock gaps to that price (or = higher,=20 or just under) as the shorts immediately cover. Your buy is executed = at=20 around $29, and the best you can hope for is to sell at a breakeven, = if you=20 are lucky cover transaction costs. Your friend's order never = executes=20 because of the LIMIT and is able to simply cancel the order when the = news is=20 discovered.
 
Exactly the same thing can happen = on a Sell=20 Stop / Sell Stop LIMIT order. A stop order means you take what the = market=20 gives you, and can be triggered when the volume might have kept you = out of=20 the trade entirely. A stop LIMIT order means you may never get an = execution,=20 but may have a second chance to evaluate the situation, and change = the=20 order, or cancel it entirely.
 
As one further comment, many firms = still will=20 not accept Stop LIMIT orders on NASDAQ stocks, especially if they = are not=20 very liquid.
 
----- Original Message -----=20
From: = NANCY = POLCARO=20
To: canslim
Sent: Friday, September 06, 2002 4:10 PM
Subject: Re: [CANSLIM] Buy Stop Limit = orders?

which is right?  One says a stop order will always = execute=20 somewhere even if it is not at the stop price( this is what I = thought) and=20 one says the market can pass through the stop and it will never = be=20 executed.  They both can not be correct.  Advice from the = more=20 experienced then I please.  Thanks again for the help = nancy
 
----- Original Message -----
From:=20 Dan Forant
Sent: Friday, September 06, = 2002=20 10:57 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Buy = Stop Limit=20 orders?
 
A stop order, buy or sell will always execute=20 (somewhere). A Stop Limit
order may not if the market blows up = through=20 the stop *limit*.

DanF
----- Original Message = -----
From:=20 "david frank" <camelot.homes@charter.net>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, September 06, = 2002=20 12:53 PM
Subject: Re: [CANSLIM] Buy Stop Limit = orders?


>=20 Warren, the bad thing about a stop order is that it is a secondary = order.
A
> broker doesn't have to execute it, thereby, = you don't=20 really have any
> recourse, if it is not executed, although = the=20 price of the stock was
within
> your price parameters. If = the=20 price of the stock is outside of your stop,
it
> will not = execute. dave
> ----- Original Message -----
> From: = "Warren=20 Keuffel" <wkeuffel@xmission.com>
> To: "CANSLIM list"=20 <canslim@lists.xmission.com>
> Sent: Friday, September = 06,=20 2002 10:55 AM
> Subject: [CANSLIM] Buy Stop Limit=20 orders?
>
>
> > I am curious (yellow) -- = sorry, bad=20 joke that will be undersood only by
> > those of a = certain age,=20 if no one "gets" it I will explain, if asked --
> = >
> >=20 anyway, back to the subject -- whether people here have used buy=20 stop
> > limit orders to trigger a purchase if the price = of a=20 stock rises above
> > the limit price. You would need to = use this=20 with some sort of manual or
> > automatic scan for = increased=20 volume to make a good buy on a breakout,
> > but given = the=20 volume, seems like a buy stop limit order would help one
> = > buy=20 at the pivot point. Or not?
> >
> > = Thanks,
> >=20 Warren
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> > = -In the=20 email body, write "subscribe canslim" or
> > = -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>
>
>=20 -
> -To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
> -In the email body, write = "subscribe=20 canslim" or
> -"unsubscribe canslim".  Do not use = quotes in=20 your email.
>


-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0030_01C256A4.78C77CC0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "John Calkins" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 07 Sep 2002 20:52:31 -0700 This is a multi-part message in MIME format. ------=_NextPart_000_0025_01C256B0.7C1E7980 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Tom and Bond.......James Bond for all these great examples. This = is a real education on execution of trades. I can see the advantage of the buy stop limit order with keeping you = above the pivot and below an extended price except you might end up = buying on low volume. Do you and others prefer this method when you = cannot get to your trading device during the day or do you use it = regularly? And I can see the advantage of the sell stop order, but I've been caught = so many times in these gap down situations that I'm wondering if I = should place my sell stop above the pivot point so I can get the heck = out, or does this change with the market? I find myself checking all = the time to see what the action is when I can, its just I can't seem to = get in front of a computer or on the phone at the most important time. = I would like to set hard stops if they work for me. =20 Now the sell stop limit orders have me confused. I do see that at least = half of the time a stock will take a bounce so I can understand some of = the logic of a sell stop limit order of not carrying you to the = basement, but isn't it better to find a sell stop that might get you and = up-tic like above one of the areas of resistance? I keep telling myself if I could only just be there at the right time, I = could improve my trades....but this is a fallacy isn't it. It doesn't = matter if you get there or not, there are always surprises that fowl up = your trade, its just finding a method like James's by looking at action = during the days before that will support your move..........after you = burn yourself enough times, you put the gloves on ea? Next question. I keep telling myself, if I had the perfect stock alert = set then I could act on the volume. I see where MSN had price and = volume. I used this for a while instead of the hard stops. My cell = would give me the alert that my price or volume or both had been hit and = then I would be able to make a little more timely decision. Is this = again another inexperienced trader thinking that he's got the greatest = plan, just to have it fail? Half the time my Verizon phone won't get = the alert for some reason. This all just keeps coming back to such a small area of trading in the = pivot and break out that everyone try's to hit. It eventually seems to = go in the direction that the short sellers want. IBD say wait for the = market but then say the best moves are off the bottom. If the market = has moved 20% off the last bottom I just missed it again somehow. I'm getting quite gun shy. I'm capitulating. (JC) ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 06, 2002 7:24 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? Nancy, a stop order converts to a market order (wherever the market is = then). A stop LIMIT order converts to a LIMIT order (again, wherever the = market is). So if the stop price is hit by a big gap, then the stop = order becomes a market, and naturally executes, altho at a price that = may be a real surprise. A stop LIMIT order, because it now is a LIMIT = order, may not execute if the market moved outside of the LIMIT range. Example: you find an absolutely perfect, classic, textbook cup and = handle. Can't find a single thing wrong with either the chart or its = fundamentals, even after exhaustive hours of due diligence (ok, I admit = it, I like to fantasize). You determine that the perfect pivot point is exactly $25.20, so you = enter a Buy Stop order at $25.30. Your friend, however, enters a Buy = Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% over the pivot). = Shortly before the open, the company announces that it has accepted a = cash buyout at $29, and the stock gaps to that price (or higher, or just = under) as the shorts immediately cover. Your buy is executed at around = $29, and the best you can hope for is to sell at a breakeven, if you are = lucky cover transaction costs. Your friend's order never executes = because of the LIMIT and is able to simply cancel the order when the = news is discovered. Exactly the same thing can happen on a Sell Stop / Sell Stop LIMIT = order. A stop order means you take what the market gives you, and can be = triggered when the volume might have kept you out of the trade entirely. = A stop LIMIT order means you may never get an execution, but may have a = second chance to evaluate the situation, and change the order, or cancel = it entirely. As one further comment, many firms still will not accept Stop LIMIT = orders on NASDAQ stocks, especially if they are not very liquid. ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, September 06, 2002 4:10 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? which is right? One says a stop order will always execute somewhere = even if it is not at the stop price( this is what I thought) and one = says the market can pass through the stop and it will never be executed. = They both can not be correct. Advice from the more experienced then I = please. Thanks again for the help nancy ----- Original Message ----- From: Dan Forant Sent: Friday, September 06, 2002 10:57 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Buy Stop Limit orders? A stop order, buy or sell will always execute (somewhere). A Stop = Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- From: "david frank" To: Sent: Friday, September 06, 2002 12:53 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? > Warren, the bad thing about a stop order is that it is a secondary = order. A > broker doesn't have to execute it, thereby, you don't really have = any > recourse, if it is not executed, although the price of the stock = was within > your price parameters. If the price of the stock is outside of = your stop, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be undersood = only by > > those of a certain age, if no one "gets" it I will explain, if = asked -- > > > > anyway, back to the subject -- whether people here have used buy = stop > > limit orders to trigger a purchase if the price of a stock rises = above > > the limit price. You would need to use this with some sort of = manual or > > automatic scan for increased volume to make a good buy on a = breakout, > > but given the volume, seems like a buy stop limit order would = help one > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0025_01C256B0.7C1E7980 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Tom and Bond.......James Bond = for all these=20 great examples.  This is a real education on execution of=20 trades.
 
I can see the advantage of the buy stop = limit order=20 with keeping you above the pivot and below an extended price except you = might=20 end up buying on low volume.  Do you and others prefer this method = when you=20 cannot get to your trading device during the day or do you use it=20 regularly?
 
And I can see the advantage of the = sell stop=20 order, but I've been caught so many times in these gap down situations = that I'm=20 wondering if I should place my sell stop above the pivot point so I can = get the=20 heck out, or does this change with the market?   I find myself = checking all the time to see what the action is when I can, its just I = can't=20 seem to get in front of a computer or on the phone at the most important = time.  I would like to set hard stops if they work for me. =20
 
Now the sell stop limit orders have me=20 confused.  I do see that at least half of the time a stock will = take a=20 bounce so I can understand some of the logic of a sell stop limit order = of not=20 carrying you to the basement, but isn't it better to find a sell stop = that might=20 get you and up-tic like above one of the areas of = resistance?
 
I keep telling myself if I could only = just be there=20 at the right time, I could improve my trades....but this is a fallacy = isn't=20 it.  It doesn't matter if you get there or not, there are always = surprises=20 that fowl up your trade, its just finding a method like James's by = looking=20 at action during the days before that will support your = move..........after you=20 burn yourself enough times, you put the gloves on ea?
 
Next question.  I keep telling = myself, if I=20 had the perfect stock alert set then I could act on the volume.  I = see=20 where MSN had price and volume.  I used this for a while instead of = the=20 hard stops.  My cell would give me the alert that my price or = volume or=20 both had been hit and then I would be able to make a little more timely=20 decision.  Is this again another inexperienced trader thinking that = he's=20 got the greatest plan, just to have it fail?  Half the time my = Verizon=20 phone won't get the alert for some reason.
 
This all just keeps coming back to such = a small=20 area of trading in the pivot and break out  that everyone try's to = hit. It=20 eventually seems to go in the direction that the short sellers = want.  IBD=20 say wait for the market but then say the best moves are off the = bottom.  If=20 the market has moved 20% off the last bottom I just missed it again=20 somehow.
 
I'm getting quite gun shy.  I'm=20 capitulating.
 
(JC)
 
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Friday, September 06, = 2002 7:24=20 PM
Subject: Re: [CANSLIM] Buy Stop = Limit=20 orders?

Nancy, a stop order converts to a = market order=20 (wherever the market is then). A stop LIMIT order converts to a LIMIT = order=20 (again, wherever the market is). So if the stop price is hit by a big = gap,=20 then the stop order becomes a market, and naturally executes, altho at = a price=20 that may be a real surprise. A stop LIMIT order, because it now is a = LIMIT=20 order, may not execute if the market moved outside of the LIMIT=20 range.
 
Example: you find an absolutely = perfect, classic,=20 textbook cup and handle. Can't find a single thing wrong with either = the chart=20 or its fundamentals, even after exhaustive hours of due diligence (ok, = I admit=20 it, I like to fantasize).
 
You determine that the perfect pivot = point is=20 exactly $25.20, so you enter a Buy Stop order at $25.30. Your friend, = however,=20 enters a Buy Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% = over the=20 pivot). Shortly before the open, the company announces that it has = accepted a=20 cash buyout at $29, and the stock gaps to that price (or higher, or = just=20 under) as the shorts immediately cover. Your buy is executed at around = $29,=20 and the best you can hope for is to sell at a breakeven, if you are = lucky=20 cover transaction costs. Your friend's order never executes because of = the=20 LIMIT and is able to simply cancel the order when the news is=20 discovered.
 
Exactly the same thing can happen on = a Sell Stop=20 / Sell Stop LIMIT order. A stop order means you take what the market = gives=20 you, and can be triggered when the volume might have kept you out of = the trade=20 entirely. A stop LIMIT order means you may never get an execution, but = may=20 have a second chance to evaluate the situation, and change the order, = or=20 cancel it entirely.
 
As one further comment, many firms = still will not=20 accept Stop LIMIT orders on NASDAQ stocks, especially if they are not = very=20 liquid.
 
----- Original Message -----=20
From: NANCY = POLCARO=20
To: canslim
Sent: Friday, September 06, 2002 4:10 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?

which is right?  One says a stop order will always = execute=20 somewhere even if it is not at the stop price( this is what I thought) = and one=20 says the market can pass through the stop and it will never be=20 executed.  They both can not be correct.  Advice from the = more=20 experienced then I please.  Thanks again for the help nancy
 
----- Original Message -----
From: Dan=20 Forant
Sent: Friday, September 06, = 2002 10:57=20 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Buy = Stop Limit=20 orders?
 
A stop order, buy or sell will always execute = (somewhere).=20 A Stop Limit
order may not if the market blows up through the = stop=20 *limit*.

DanF
----- Original Message -----
From: "david = frank"=20 <camelot.homes@charter.net>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, September 06, = 2002 12:53=20 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?


> = Warren,=20 the bad thing about a stop order is that it is a secondary=20 order.
A
> broker doesn't have to execute it, thereby, you = don't=20 really have any
> recourse, if it is not executed, although = the price=20 of the stock was
within
> your price parameters. If the = price of=20 the stock is outside of your stop,
it
> will not execute.=20 dave
> ----- Original Message -----
> From: "Warren = Keuffel"=20 <wkeuffel@xmission.com>
> To: "CANSLIM list"=20 <canslim@lists.xmission.com>
> Sent: Friday, September = 06, 2002=20 10:55 AM
> Subject: [CANSLIM] Buy Stop Limit=20 orders?
>
>
> > I am curious (yellow) -- sorry, = bad=20 joke that will be undersood only by
> > those of a certain = age, if=20 no one "gets" it I will explain, if asked --
> >
> = >=20 anyway, back to the subject -- whether people here have used buy=20 stop
> > limit orders to trigger a purchase if the price of = a stock=20 rises above
> > the limit price. You would need to use this = with=20 some sort of manual or
> > automatic scan for increased = volume to=20 make a good buy on a breakout,
> > but given the volume, = seems like=20 a buy stop limit order would help one
> > buy at the pivot = point.=20 Or not?
> >
> > Thanks,
> > = Warren
>=20 >
> >
> > -
> > -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
> > -In the email body, = write=20 "subscribe canslim" or
> > -"unsubscribe canslim".  Do = not use=20 quotes in your email.
>
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> -In = the email=20 body, write "subscribe canslim" or
> -"unsubscribe = canslim".  Do=20 not use quotes in your email.
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email body,=20 write "subscribe canslim" or
-"unsubscribe canslim".  Do not = use=20 quotes in your email.
------=_NextPart_000_0025_01C256B0.7C1E7980-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] VMF Date: 07 Sep 2002 22:55:20 -0500 VMV--Ah...bond fund, 3400 AvgVol.... I can't read a chart like that, not enough volume for the day to day action to have much meaning. Katherine ----- Original Message ----- Sent: Saturday, September 07, 2002 6:37 PM | OK, OK, must have been my keyboard getting revenge on me. | | Try VMV:-) | | Norm | ----- Original Message ----- | From: "Norman" | To: | Sent: Saturday, September 07, 2002 6:19 PM | Subject: [CANSLIM] VMF | | | > What is going on with this action? Seems to do the "tails up" thing an | > awful (pun intended) lot. | > | > Norm | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | > | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview - dedicated to the memory of those lost in the 9/11 attacks Date: 08 Sep 2002 07:22:17 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00BB_01C25708.7662B350 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00BC_01C25708.7662B350" ------=_NextPart_001_00BC_01C25708.7662B350 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ECONOMICS ISM (Institute for Supply Management, formerly NAPM) reported that its = index slipped to 50.5, unchanged from July, and well under expectations = of 51.8. While this is still technically growth (7th straight month over = 50, indicating expansion), it is still weak. And the New Orders Index = component came in at 49.7%, down from 50.4%, while the employment index = rose to 45.8% from 45.0% (indicating jobs are being lost, but at a = slower rate, contradictory to Friday's Employment report from Commerce, = who can we trust, business, or government??). Construction spending was essentially unchanged in July after two = straight months of declines (note that this is July data, what will = August show in a month), primarily helped by data on single family homes = (HOV lifted the whole sector with its astonishing earnings report this = past week). But without the $1.7 billion boost in govt spending on = construction, this would have made a third month of declines. Commerce Dept reported that factory orders in July rose 4.7%, as = expected. Note that this is stale data, and contrasts with the weak = report for August from ISM. Inventories in July fell 0.1%, for the 18th = month in a row. Worth noting that the new orders for durable goods, = previously reported at up 8.7%, was revised up further to 9.2%. Finally, to close out the weak week, ISM reports that service sector = activity, which represents well over a third of the US economy, fell to = 50.9 in August from 53.1, well under expectations of growth to 54.0. = Worth noting - the service sector represents 82% of all jobs in the USA, = and this is the third month in a row where the rate of growth slowed = (anything over 50 is expansion, or growth).=20 ------- EMPLOYMENT / UNEMPLOYMENT This was a confusing week on this most critical factor of the current = economy, and one I suspect the Feds have been focusing on far more than = usual. It started the week off with a report that current layoffs in = August increased 46% (over 37,000) over those in July, a disturbing = trend for an economy waiting for corporate spending to finally kick in. = On Thursday, we see both WalMart and Target reporting slowing sales and = below expectations (Target actually had declining same store sales), not = a good sign for the service sector which has been gaining jobs from = manufacturing. And we get the weekly new unemployment claims, down = slightly from the prior week but still over 400,000 and well above = expectations. Even the 4 week moving average of new claims hit 400K. = And Q2 Productivity was revised up to 1.5% from 1.1% as business still = continues to squeeze more out of its employees (fear of losing their = job, maybe?). Then Friday, we get the Commerce Dept report on employment = for August, and it shows a surprising drop of 0.2% to 5.7% unemployment, = with 39K jobs added (expected was an unchanged rate, and 30K jobs = added). July's jobs added was revised sharply up to 67K jobs, so it = looks like the increase in layoff announcements was covered at least. = But with the estimate of lost jobs in 2001 ranging from 1.5 million to = 1.9 million, and using Commerce's latest two months total job growth of = 106K, it will only take another 28 months to regain the level of = employment at the start of 2001, not counting what has been lost in = 2002. Personally, I find the latest monthly Employment report from = Commerce (despite it helping boost the market on Friday) as confusing = and illogical. It includes details like 68K job drop in factory = payrolls, 55K drop in retail payrolls, 41K new jobs added from = government (some for airport security), an increase in the overall labor = force of 226K, a huge increase of 429K in the number of people described = as "employed" (where did that come from if only 39K jobs were created, = and payrolls were falling??). Because the labor force data comes from a = govt survey of households, and the payrolls data from a survey of = businesses, can we trust the data? More importantly, will the FOMC trust = the data at their Sept 24 meeting? Are people working, and continuing to = claim unemployment as well? With an election coming, and after the = scandals of Enron and Worldcom, and the disclosures of unethical conduct = by wirehouse analysts, who can we trust anymore, government? business? = anyone?=20 ------- FOMC The Feds meet again on 9/24, and until Friday's report the thinking was = nearly 50:50 that they would lower rates at that meeting. There are a = lot of important economic reports due out in the next two weeks, and = could even be some important corporate preannouncements of Q3 earnings. = Based on the past two months of economic reports in particular, and = despite Friday's employment report, I think there is more than a 50% = chance of a rate cut, at least 25 basis points (and I don't rule out 50 = BP) at this meeting. The Feds are very "forward" looking, usually 9 = months or more. And the data of the past two months, and the slippage in = forecasts of future recovery both in the economy, employment, and = corporate earnings, has to be falling well short of their models and = expectations. We are very close to Q3's GDP slipping back into a = negative figure (and future revision downward of Q2's weak 1.1%), and I = see little evidence at this time that the Feds have any choice, despite = the already record low rates. ------- WORLEY'S WATCHLIST WANNABES This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, = as the name implies, only intended to identify some stocks with = constructive chart patterns that may be worth WATCHING and learning from = (and of course doing your own due diligence). I am employed in = Operations by a US Broker Dealer, however everything presented by me is = strictly my own ideas and in no way should be taken to reflect the views = or opinions of my employer. I typically list stocks with both RS and EPS ranking of 80 or better, = and try to exclude stocks undergoing any merger / acquisition / buyout = scenario. I no longer will actively consider earnings forecast for this = year and next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see, such as c&h, double (or triple) bottoms, or flat bases (shown as = Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left = Upper Right) even though it is not exactly a CANSLIM pattern. The population of stocks I am reviewing this weekend (in 20 seconds or = less each) is once again on the decline. APOL - channeling BRKL - c&h ERES - LLUR turned into a double bottom, handle forming FBP - B4 FNFG - B3 FVB - high handle GGC - triple bottom, volume needs to decline in the handle HBHC - LLUR IBCP - poor c&h IBKC - B5 NYCB - high handle OSIS - small c&h below the high, EPS only 73 PORT - B6 SSNC - long consolidation, in my VR Fund TRBS - B5 TTWO - b/o failed on over 4X ADV WCNX - possible c&h WM - B4 YDNT - possible c&h Happy Hunting, may everyone remain safe and secure this week Tom Worley stkguru@bellsouth.net AIM: TexWorley ------=_NextPart_001_00BC_01C25708.7662B350 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
ECONOMICS
ISM (Institute for Supply Management, formerly = NAPM)=20 reported that its index slipped to 50.5, unchanged from July, and well = under=20 expectations of 51.8. While this is still technically growth (7th = straight month=20 over 50, indicating expansion), it is still weak. And the New Orders = Index=20 component came in at 49.7%, down from 50.4%, while the employment index = rose to=20 45.8% from 45.0% (indicating jobs are being lost, but at a slower rate,=20 contradictory to Friday's Employment report from Commerce, who can we = trust,=20 business, or government??).
 
Construction spending was essentially=20 unchanged in July after two straight months of declines (note that = this is=20 July data, what will August show in a month), primarily helped by data = on single=20 family homes (HOV lifted the whole sector with its astonishing earnings = report=20 this past week). But without the $1.7 billion boost in govt spending on=20 construction, this would have made a third month of = declines.
 
Commerce Dept reported that factory orders in = July rose=20 4.7%, as expected. Note that this is stale data, and contrasts with the = weak=20 report for August from ISM. Inventories in July fell 0.1%, for the 18th = month in=20 a row. Worth noting that the new orders for durable goods, previously = reported=20 at up 8.7%, was revised up further to 9.2%.
 
Finally, to close out the weak week, ISM reports = that=20 service sector activity, which represents well over a third of the US = economy,=20 fell to 50.9 in August from 53.1, well under expectations of growth to = 54.0.=20 Worth noting - the service sector represents 82% of all jobs in the USA, = and=20 this is the third month in a row where the rate of growth slowed = (anything over=20 50 is expansion, or growth).=20
EMPLOYMENT / = UNEMPLOYMENT
This was a confusing week on this most critical = factor of=20 the current economy, and one I suspect the Feds have been focusing on = far more=20 than usual. It started the week off with a report that current layoffs = in August=20 increased 46% (over 37,000) over those in July, a disturbing trend for = an=20 economy waiting for corporate spending to finally kick in. On Thursday, = we see=20 both WalMart and Target reporting slowing sales and below expectations = (Target=20 actually had declining same store sales), not a good sign for the = service sector=20 which has been gaining jobs from manufacturing. And we get the weekly = new=20 unemployment claims, down slightly from the prior week but still over = 400,000=20 and well above expectations. Even the 4 week moving average of new = claims hit=20 400K.  And Q2 Productivity was revised up to 1.5% from 1.1% as = business=20 still continues to squeeze more out of its employees (fear of losing = their job,=20 maybe?). Then Friday, we get the Commerce Dept report on employment for = August,=20 and it shows a surprising drop of 0.2% to 5.7% unemployment, with 39K = jobs added=20 (expected was an unchanged rate, and 30K jobs added). July's jobs added = was=20 revised sharply up to 67K jobs, so it looks like the increase in layoff=20 announcements was covered at least. But with the estimate of lost jobs = in=20 2001 ranging from 1.5 million to 1.9 million, and = using Commerce's=20 latest two months total job growth of 106K, it will only take another 28 = months=20 to regain the level of employment at the start of 2001, not counting = what has=20 been lost in 2002.  Personally, I find the latest monthly = Employment report=20 from Commerce (despite it helping boost the market on Friday) as = confusing and=20 illogical. It includes details like 68K job drop in factory payrolls, = 55K drop=20 in retail payrolls, 41K new jobs added from government (some for airport = security), an increase in the overall labor force of 226K, a huge = increase of=20 429K in the number of people described as "employed" (where did that = come from=20 if only 39K jobs were created, and payrolls were falling??). = Because the=20 labor force data comes from a govt survey of households, and the = payrolls=20 data from a survey of businesses, can we trust the data? More = importantly,=20 will the FOMC trust the data at their Sept 24 meeting? Are people = working, and=20 continuing to claim unemployment as well? With an election coming, and = after the=20 scandals of Enron and Worldcom, and the disclosures of unethical conduct = by=20 wirehouse analysts, who can we trust anymore, government? business? = anyone?=20
FOMC
The Feds meet again on 9/24, and until Friday's = report the=20 thinking was nearly 50:50 that they would lower rates at that meeting. = There are=20 a lot of important economic reports due out in the next two weeks, and = could=20 even be some important corporate preannouncements of Q3 earnings. Based = on the=20 past two months of economic reports in particular, and despite Friday's=20 employment report, I think there is more than a 50% chance of a rate = cut, at=20 least 25 basis points (and I don't rule out 50 BP) at this meeting. The = Feds are=20 very "forward" looking, usually 9 months or more. And the data of the = past two=20 months, and the slippage in forecasts of future recovery both in the = economy,=20 employment, and corporate earnings, has to be falling well short of = their models=20 and expectations. We are very close to Q3's GDP slipping back into a = negative=20 figure (and future revision downward of Q2's weak 1.1%), and I see = little=20 evidence at this time that the Feds have any choice, despite the already = record=20 low rates.
WORLEY'S WATCHLIST = WANNABES
Happy Hunting, may everyone remain safe and = secure this=20 week
3D""
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
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Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Dan Forant" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 08 Sep 2002 07:26:15 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_0022_01C25709.045819C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable To me it depends upon how much guts you have. You can lose some serious = money with sell stop limit orders. It may never exercise. And lose some = valuable gains with buy stop limits. I have noticed in the latter that = the stock will fall back to the buy stop limit during the day or next, = especially in this bottoming market. I only worry about gaps, so I set = buy stop limits for overnight orders for next day opening, if I won't = have access. Once the market is open and I have access I switch to buy = stop orders. Using only stop orders for sells. If the stock gaps down = and the order is executed one could always re-buy the stock if there is = enough faith in it moving back up. It's all about risk toleration. DanF ----- Original Message -----=20 From: John Calkins=20 To: canslim@lists.xmission.com=20 Sent: Saturday, September 07, 2002 11:52 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? Thanks Tom and Bond.......James Bond for all these great examples. = This is a real education on execution of trades. I can see the advantage of the buy stop limit order with keeping you = above the pivot and below an extended price except you might end up = buying on low volume. Do you and others prefer this method when you = cannot get to your trading device during the day or do you use it = regularly? And I can see the advantage of the sell stop order, but I've been = caught so many times in these gap down situations that I'm wondering if = I should place my sell stop above the pivot point so I can get the heck = out, or does this change with the market? I find myself checking all = the time to see what the action is when I can, its just I can't seem to = get in front of a computer or on the phone at the most important time. = I would like to set hard stops if they work for me. =20 Now the sell stop limit orders have me confused. I do see that at = least half of the time a stock will take a bounce so I can understand = some of the logic of a sell stop limit order of not carrying you to the = basement, but isn't it better to find a sell stop that might get you and = up-tic like above one of the areas of resistance? I keep telling myself if I could only just be there at the right time, = I could improve my trades....but this is a fallacy isn't it. It doesn't = matter if you get there or not, there are always surprises that fowl up = your trade, its just finding a method like James's by looking at action = during the days before that will support your move..........after you = burn yourself enough times, you put the gloves on ea? Next question. I keep telling myself, if I had the perfect stock = alert set then I could act on the volume. I see where MSN had price and = volume. I used this for a while instead of the hard stops. My cell = would give me the alert that my price or volume or both had been hit and = then I would be able to make a little more timely decision. Is this = again another inexperienced trader thinking that he's got the greatest = plan, just to have it fail? Half the time my Verizon phone won't get = the alert for some reason. This all just keeps coming back to such a small area of trading in the = pivot and break out that everyone try's to hit. It eventually seems to = go in the direction that the short sellers want. IBD say wait for the = market but then say the best moves are off the bottom. If the market = has moved 20% off the last bottom I just missed it again somehow. I'm getting quite gun shy. I'm capitulating. (JC) ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 06, 2002 7:24 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? Nancy, a stop order converts to a market order (wherever the market = is then). A stop LIMIT order converts to a LIMIT order (again, wherever = the market is). So if the stop price is hit by a big gap, then the stop = order becomes a market, and naturally executes, altho at a price that = may be a real surprise. A stop LIMIT order, because it now is a LIMIT = order, may not execute if the market moved outside of the LIMIT range. Example: you find an absolutely perfect, classic, textbook cup and = handle. Can't find a single thing wrong with either the chart or its = fundamentals, even after exhaustive hours of due diligence (ok, I admit = it, I like to fantasize). You determine that the perfect pivot point is exactly $25.20, so you = enter a Buy Stop order at $25.30. Your friend, however, enters a Buy = Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% over the pivot). = Shortly before the open, the company announces that it has accepted a = cash buyout at $29, and the stock gaps to that price (or higher, or just = under) as the shorts immediately cover. Your buy is executed at around = $29, and the best you can hope for is to sell at a breakeven, if you are = lucky cover transaction costs. Your friend's order never executes = because of the LIMIT and is able to simply cancel the order when the = news is discovered. Exactly the same thing can happen on a Sell Stop / Sell Stop LIMIT = order. A stop order means you take what the market gives you, and can be = triggered when the volume might have kept you out of the trade entirely. = A stop LIMIT order means you may never get an execution, but may have a = second chance to evaluate the situation, and change the order, or cancel = it entirely. As one further comment, many firms still will not accept Stop LIMIT = orders on NASDAQ stocks, especially if they are not very liquid. ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, September 06, 2002 4:10 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? which is right? One says a stop order will always execute somewhere = even if it is not at the stop price( this is what I thought) and one = says the market can pass through the stop and it will never be executed. = They both can not be correct. Advice from the more experienced then I = please. Thanks again for the help nancy ----- Original Message ----- From: Dan Forant Sent: Friday, September 06, 2002 10:57 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Buy Stop Limit orders? A stop order, buy or sell will always execute (somewhere). A Stop = Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- From: "david frank" To: Sent: Friday, September 06, 2002 12:53 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? > Warren, the bad thing about a stop order is that it is a = secondary order. A > broker doesn't have to execute it, thereby, you don't really = have any > recourse, if it is not executed, although the price of the stock = was within > your price parameters. If the price of the stock is outside of = your stop, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be = undersood only by > > those of a certain age, if no one "gets" it I will explain, if = asked -- > > > > anyway, back to the subject -- whether people here have used = buy stop > > limit orders to trigger a purchase if the price of a stock = rises above > > the limit price. You would need to use this with some sort of = manual or > > automatic scan for increased volume to make a good buy on a = breakout, > > but given the volume, seems like a buy stop limit order would = help one > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_0022_01C25709.045819C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
To me it depends upon how much guts you have. = You can lose=20 some serious money with sell stop limit orders. It may never exercise. = And lose=20 some valuable gains with buy stop limits. I have noticed in the latter = that the=20 stock will fall back to the buy stop limit during the day or next, = especially in=20 this bottoming market. I only worry about gaps, so I set buy stop limits = for=20 overnight orders for next day opening, if I won't have access. =  Once the=20 market is open and I have access I switch to buy stop orders. Using only = stop=20 orders for sells. If the stock gaps down and the order is executed one = could=20 always re-buy the stock if there is enough faith in it moving back up. = It's all=20 about risk toleration.
 
DanF
----- Original Message -----
From:=20 John=20 Calkins
Sent: Saturday, September 07, = 2002 11:52=20 PM
Subject: Re: [CANSLIM] Buy Stop = Limit=20 orders?

Thanks Tom and Bond.......James Bond = for all=20 these great examples.  This is a real education on execution of=20 trades.
 
I can see the advantage of the buy = stop limit=20 order with keeping you above the pivot and below an extended price = except you=20 might end up buying on low volume.  Do you and others prefer this = method=20 when you cannot get to your trading device during the day or do you = use it=20 regularly?
 
And I can see the advantage of = the sell stop=20 order, but I've been caught so many times in these gap down situations = that=20 I'm wondering if I should place my sell stop above the pivot point so = I can=20 get the heck out, or does this change with the market?   I = find=20 myself checking all the time to see what the action is when I can, its = just I=20 can't seem to get in front of a computer or on the phone at the most = important=20 time.  I would like to set hard stops if they work for me. =20
 
Now the sell stop limit orders have = me=20 confused.  I do see that at least half of the time a stock will = take a=20 bounce so I can understand some of the logic of a sell stop limit = order of not=20 carrying you to the basement, but isn't it better to find a sell stop = that=20 might get you and up-tic like above one of the areas of=20 resistance?
 
I keep telling myself if I could only = just be=20 there at the right time, I could improve my trades....but this is a = fallacy=20 isn't it.  It doesn't matter if you get there or not, there are = always=20 surprises that fowl up your trade, its just finding a method like=20 James's by looking at action during the days before that will = support=20 your move..........after you burn yourself enough times, you put the = gloves on=20 ea?
 
Next question.  I keep telling = myself, if I=20 had the perfect stock alert set then I could act on the volume.  = I see=20 where MSN had price and volume.  I used this for a while instead = of the=20 hard stops.  My cell would give me the alert that my price or = volume or=20 both had been hit and then I would be able to make a little more = timely=20 decision.  Is this again another inexperienced trader thinking = that he's=20 got the greatest plan, just to have it fail?  Half the time my = Verizon=20 phone won't get the alert for some reason.
 
This all just keeps coming back to = such a small=20 area of trading in the pivot and break out  that everyone try's = to hit.=20 It eventually seems to go in the direction that the short sellers = want. =20 IBD say wait for the market but then say the best moves are off the=20 bottom.  If the market has moved 20% off the last bottom I just = missed it=20 again somehow.
 
I'm getting quite gun shy.  I'm=20 capitulating.
 
(JC)
 
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Friday, September 06, = 2002 7:24=20 PM
Subject: Re: [CANSLIM] Buy = Stop Limit=20 orders?

Nancy, a stop order converts to a = market order=20 (wherever the market is then). A stop LIMIT order converts to a = LIMIT order=20 (again, wherever the market is). So if the stop price is hit by a = big gap,=20 then the stop order becomes a market, and naturally executes, altho = at a=20 price that may be a real surprise. A stop LIMIT order, because it = now is a=20 LIMIT order, may not execute if the market moved outside of the = LIMIT=20 range.
 
Example: you find an absolutely = perfect,=20 classic, textbook cup and handle. Can't find a single thing wrong = with=20 either the chart or its fundamentals, even after exhaustive hours of = due=20 diligence (ok, I admit it, I like to fantasize).
 
You determine that the perfect = pivot point is=20 exactly $25.20, so you enter a Buy Stop order at $25.30. Your = friend,=20 however, enters a Buy Stop LIMIT order at Buy Stop $25.30, LIMIT = $26.46 (5%=20 over the pivot). Shortly before the open, the company announces that = it has=20 accepted a cash buyout at $29, and the stock gaps to that price (or = higher,=20 or just under) as the shorts immediately cover. Your buy is executed = at=20 around $29, and the best you can hope for is to sell at a breakeven, = if you=20 are lucky cover transaction costs. Your friend's order never = executes=20 because of the LIMIT and is able to simply cancel the order when the = news is=20 discovered.
 
Exactly the same thing can happen = on a Sell=20 Stop / Sell Stop LIMIT order. A stop order means you take what the = market=20 gives you, and can be triggered when the volume might have kept you = out of=20 the trade entirely. A stop LIMIT order means you may never get an = execution,=20 but may have a second chance to evaluate the situation, and change = the=20 order, or cancel it entirely.
 
As one further comment, many firms = still will=20 not accept Stop LIMIT orders on NASDAQ stocks, especially if they = are not=20 very liquid.
 
----- Original Message -----=20
From: = NANCY = POLCARO=20
To: canslim
Sent: Friday, September 06, 2002 4:10 PM
Subject: Re: [CANSLIM] Buy Stop Limit = orders?

which is right?  One says a stop order will always = execute=20 somewhere even if it is not at the stop price( this is what I = thought) and=20 one says the market can pass through the stop and it will never = be=20 executed.  They both can not be correct.  Advice from the = more=20 experienced then I please.  Thanks again for the help = nancy
 
----- Original Message -----
From:=20 Dan Forant
Sent: Friday, September 06, = 2002=20 10:57 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Buy = Stop Limit=20 orders?
 
A stop order, buy or sell will always execute=20 (somewhere). A Stop Limit
order may not if the market blows up = through=20 the stop *limit*.

DanF
----- Original Message = -----
From:=20 "david frank" <camelot.homes@charter.net>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, September 06, = 2002=20 12:53 PM
Subject: Re: [CANSLIM] Buy Stop Limit = orders?


>=20 Warren, the bad thing about a stop order is that it is a secondary = order.
A
> broker doesn't have to execute it, thereby, = you don't=20 really have any
> recourse, if it is not executed, although = the=20 price of the stock was
within
> your price parameters. If = the=20 price of the stock is outside of your stop,
it
> will not = execute. dave
> ----- Original Message -----
> From: = "Warren=20 Keuffel" <wkeuffel@xmission.com>
> To: "CANSLIM list"=20 <canslim@lists.xmission.com>
> Sent: Friday, September = 06,=20 2002 10:55 AM
> Subject: [CANSLIM] Buy Stop Limit=20 orders?
>
>
> > I am curious (yellow) -- = sorry, bad=20 joke that will be undersood only by
> > those of a = certain age,=20 if no one "gets" it I will explain, if asked --
> = >
> >=20 anyway, back to the subject -- whether people here have used buy=20 stop
> > limit orders to trigger a purchase if the price = of a=20 stock rises above
> > the limit price. You would need to = use this=20 with some sort of manual or
> > automatic scan for = increased=20 volume to make a good buy on a breakout,
> > but given = the=20 volume, seems like a buy stop limit order would help one
> = > buy=20 at the pivot point. Or not?
> >
> > = Thanks,
> >=20 Warren
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> > = -In the=20 email body, write "subscribe canslim" or
> > = -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>
>
>=20 -
> -To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
> -In the email body, write = "subscribe=20 canslim" or
> -"unsubscribe canslim".  Do not use = quotes in=20 your email.
>


-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
------=_NextPart_000_0022_01C25709.045819C0-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Buy Stop Limit orders? Date: 08 Sep 2002 07:39:39 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_00CB_01C2570A.E3157940 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable John, I rarely use stops on either buy or sell side. Mostly a function = of the kind of stocks I personally buy (small & micro cap, often thinly = traded, often lower priced) and my broker won't accept these type = orders. I will use limits on both my buys and sells, but only because I = buy and sell early (or try to, anyway). On the other hand, if I was = trading big cap stocks on NYSE, I likely would use stops and stop limits = a lot. I don't use alerts at all, except for news. If I have the time to = respond to my cell phone alert, I have the time to look at the markets. ----- Original Message -----=20 Sent: Saturday, September 07, 2002 11:52 PM Thanks Tom and Bond.......James Bond for all these great examples. This = is a real education on execution of trades. I can see the advantage of the buy stop limit order with keeping you = above the pivot and below an extended price except you might end up = buying on low volume. Do you and others prefer this method when you = cannot get to your trading device during the day or do you use it = regularly? And I can see the advantage of the sell stop order, but I've been caught = so many times in these gap down situations that I'm wondering if I = should place my sell stop above the pivot point so I can get the heck = out, or does this change with the market? I find myself checking all = the time to see what the action is when I can, its just I can't seem to = get in front of a computer or on the phone at the most important time. = I would like to set hard stops if they work for me. =20 Now the sell stop limit orders have me confused. I do see that at least = half of the time a stock will take a bounce so I can understand some of = the logic of a sell stop limit order of not carrying you to the = basement, but isn't it better to find a sell stop that might get you and = up-tic like above one of the areas of resistance? I keep telling myself if I could only just be there at the right time, I = could improve my trades....but this is a fallacy isn't it. It doesn't = matter if you get there or not, there are always surprises that fowl up = your trade, its just finding a method like James's by looking at action = during the days before that will support your move..........after you = burn yourself enough times, you put the gloves on ea? Next question. I keep telling myself, if I had the perfect stock alert = set then I could act on the volume. I see where MSN had price and = volume. I used this for a while instead of the hard stops. My cell = would give me the alert that my price or volume or both had been hit and = then I would be able to make a little more timely decision. Is this = again another inexperienced trader thinking that he's got the greatest = plan, just to have it fail? Half the time my Verizon phone won't get = the alert for some reason. This all just keeps coming back to such a small area of trading in the = pivot and break out that everyone try's to hit. It eventually seems to = go in the direction that the short sellers want. IBD say wait for the = market but then say the best moves are off the bottom. If the market = has moved 20% off the last bottom I just missed it again somehow. I'm getting quite gun shy. I'm capitulating. (JC) ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 06, 2002 7:24 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? Nancy, a stop order converts to a market order (wherever the market is = then). A stop LIMIT order converts to a LIMIT order (again, wherever the = market is). So if the stop price is hit by a big gap, then the stop = order becomes a market, and naturally executes, altho at a price that = may be a real surprise. A stop LIMIT order, because it now is a LIMIT = order, may not execute if the market moved outside of the LIMIT range. Example: you find an absolutely perfect, classic, textbook cup and = handle. Can't find a single thing wrong with either the chart or its = fundamentals, even after exhaustive hours of due diligence (ok, I admit = it, I like to fantasize). You determine that the perfect pivot point is exactly $25.20, so you = enter a Buy Stop order at $25.30. Your friend, however, enters a Buy = Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% over the pivot). = Shortly before the open, the company announces that it has accepted a = cash buyout at $29, and the stock gaps to that price (or higher, or just = under) as the shorts immediately cover. Your buy is executed at around = $29, and the best you can hope for is to sell at a breakeven, if you are = lucky cover transaction costs. Your friend's order never executes = because of the LIMIT and is able to simply cancel the order when the = news is discovered. Exactly the same thing can happen on a Sell Stop / Sell Stop LIMIT = order. A stop order means you take what the market gives you, and can be = triggered when the volume might have kept you out of the trade entirely. = A stop LIMIT order means you may never get an execution, but may have a = second chance to evaluate the situation, and change the order, or cancel = it entirely. As one further comment, many firms still will not accept Stop LIMIT = orders on NASDAQ stocks, especially if they are not very liquid. ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, September 06, 2002 4:10 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? which is right? One says a stop order will always execute somewhere = even if it is not at the stop price( this is what I thought) and one = says the market can pass through the stop and it will never be executed. = They both can not be correct. Advice from the more experienced then I = please. Thanks again for the help nancy ----- Original Message ----- From: Dan Forant Sent: Friday, September 06, 2002 10:57 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Buy Stop Limit orders? A stop order, buy or sell will always execute (somewhere). A Stop = Limit order may not if the market blows up through the stop *limit*. DanF ----- Original Message ----- From: "david frank" To: Sent: Friday, September 06, 2002 12:53 PM Subject: Re: [CANSLIM] Buy Stop Limit orders? > Warren, the bad thing about a stop order is that it is a secondary = order. A > broker doesn't have to execute it, thereby, you don't really have = any > recourse, if it is not executed, although the price of the stock = was within > your price parameters. If the price of the stock is outside of = your stop, it > will not execute. dave > ----- Original Message ----- > From: "Warren Keuffel" > To: "CANSLIM list" > Sent: Friday, September 06, 2002 10:55 AM > Subject: [CANSLIM] Buy Stop Limit orders? > > > > I am curious (yellow) -- sorry, bad joke that will be undersood = only by > > those of a certain age, if no one "gets" it I will explain, if = asked -- > > > > anyway, back to the subject -- whether people here have used buy = stop > > limit orders to trigger a purchase if the price of a stock rises = above > > the limit price. You would need to use this with some sort of = manual or > > automatic scan for increased volume to make a good buy on a = breakout, > > but given the volume, seems like a buy stop limit order would = help one > > buy at the pivot point. Or not? > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------=_NextPart_000_00CB_01C2570A.E3157940 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
John, I rarely use stops on either buy = or sell=20 side. Mostly a function of the kind of stocks I personally buy (small = &=20 micro cap, often thinly traded, often lower priced) and my broker won't = accept=20 these type orders. I will use limits on both my buys and sells, but only = because=20 I buy and sell early (or try to, anyway).  On the other hand, if I = was=20 trading big cap stocks on NYSE, I likely would use stops and stop limits = a=20 lot.
 
I don't use alerts at all, except for = news. If I=20 have the time to respond to my cell phone alert, I have the time to look = at the=20 markets.
 
----- Original Message -----=20
From: John = Calkins=20
Sent: Saturday, September 07, 2002 11:52 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?

Thanks Tom and Bond.......James Bond = for all these=20 great examples.  This is a real education on execution of=20 trades.
 
I can see the advantage of the buy stop = limit order=20 with keeping you above the pivot and below an extended price except you = might=20 end up buying on low volume.  Do you and others prefer this method = when you=20 cannot get to your trading device during the day or do you use it=20 regularly?
 
And I can see the advantage of the = sell stop=20 order, but I've been caught so many times in these gap down situations = that I'm=20 wondering if I should place my sell stop above the pivot point so I can = get the=20 heck out, or does this change with the market?   I find myself = checking all the time to see what the action is when I can, its just I = can't=20 seem to get in front of a computer or on the phone at the most important = time.  I would like to set hard stops if they work for me. =20
 
Now the sell stop limit orders have me=20 confused.  I do see that at least half of the time a stock will = take a=20 bounce so I can understand some of the logic of a sell stop limit order = of not=20 carrying you to the basement, but isn't it better to find a sell stop = that might=20 get you and up-tic like above one of the areas of = resistance?
 
I keep telling myself if I could only = just be there=20 at the right time, I could improve my trades....but this is a fallacy = isn't=20 it.  It doesn't matter if you get there or not, there are always = surprises=20 that fowl up your trade, its just finding a method like James's by = looking=20 at action during the days before that will support your = move..........after you=20 burn yourself enough times, you put the gloves on ea?
 
Next question.  I keep telling = myself, if I=20 had the perfect stock alert set then I could act on the volume.  I = see=20 where MSN had price and volume.  I used this for a while instead of = the=20 hard stops.  My cell would give me the alert that my price or = volume or=20 both had been hit and then I would be able to make a little more timely=20 decision.  Is this again another inexperienced trader thinking that = he's=20 got the greatest plan, just to have it fail?  Half the time my = Verizon=20 phone won't get the alert for some reason.
 
This all just keeps coming back to such = a small=20 area of trading in the pivot and break out  that everyone try's to = hit. It=20 eventually seems to go in the direction that the short sellers = want.  IBD=20 say wait for the market but then say the best moves are off the = bottom.  If=20 the market has moved 20% off the last bottom I just missed it again=20 somehow.
 
I'm getting quite gun shy.  I'm=20 capitulating.
 
(JC)
 
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Friday, September 06, = 2002 7:24=20 PM
Subject: Re: [CANSLIM] Buy Stop = Limit=20 orders?

Nancy, a stop order converts to a = market order=20 (wherever the market is then). A stop LIMIT order converts to a LIMIT = order=20 (again, wherever the market is). So if the stop price is hit by a big = gap,=20 then the stop order becomes a market, and naturally executes, altho at = a price=20 that may be a real surprise. A stop LIMIT order, because it now is a = LIMIT=20 order, may not execute if the market moved outside of the LIMIT=20 range.
 
Example: you find an absolutely = perfect, classic,=20 textbook cup and handle. Can't find a single thing wrong with either = the chart=20 or its fundamentals, even after exhaustive hours of due diligence (ok, = I admit=20 it, I like to fantasize).
 
You determine that the perfect pivot = point is=20 exactly $25.20, so you enter a Buy Stop order at $25.30. Your friend, = however,=20 enters a Buy Stop LIMIT order at Buy Stop $25.30, LIMIT $26.46 (5% = over the=20 pivot). Shortly before the open, the company announces that it has = accepted a=20 cash buyout at $29, and the stock gaps to that price (or higher, or = just=20 under) as the shorts immediately cover. Your buy is executed at around = $29,=20 and the best you can hope for is to sell at a breakeven, if you are = lucky=20 cover transaction costs. Your friend's order never executes because of = the=20 LIMIT and is able to simply cancel the order when the news is=20 discovered.
 
Exactly the same thing can happen on = a Sell Stop=20 / Sell Stop LIMIT order. A stop order means you take what the market = gives=20 you, and can be triggered when the volume might have kept you out of = the trade=20 entirely. A stop LIMIT order means you may never get an execution, but = may=20 have a second chance to evaluate the situation, and change the order, = or=20 cancel it entirely.
 
As one further comment, many firms = still will not=20 accept Stop LIMIT orders on NASDAQ stocks, especially if they are not = very=20 liquid.
 
----- Original Message -----=20
From: NANCY = POLCARO=20
To: canslim
Sent: Friday, September 06, 2002 4:10 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?

which is right?  One says a stop order will always = execute=20 somewhere even if it is not at the stop price( this is what I thought) = and one=20 says the market can pass through the stop and it will never be=20 executed.  They both can not be correct.  Advice from the = more=20 experienced then I please.  Thanks again for the help nancy
 
----- Original Message -----
From: Dan=20 Forant
Sent: Friday, September 06, = 2002 10:57=20 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Buy = Stop Limit=20 orders?
 
A stop order, buy or sell will always execute = (somewhere).=20 A Stop Limit
order may not if the market blows up through the = stop=20 *limit*.

DanF
----- Original Message -----
From: "david = frank"=20 <camelot.homes@charter.net>
To:=20 <canslim@lists.xmission.com>
Sent: Friday, September 06, = 2002 12:53=20 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?


> = Warren,=20 the bad thing about a stop order is that it is a secondary=20 order.
A
> broker doesn't have to execute it, thereby, you = don't=20 really have any
> recourse, if it is not executed, although = the price=20 of the stock was
within
> your price parameters. If the = price of=20 the stock is outside of your stop,
it
> will not execute.=20 dave
> ----- Original Message -----
> From: "Warren = Keuffel"=20 <wkeuffel@xmission.com>
> To: "CANSLIM list"=20 <canslim@lists.xmission.com>
> Sent: Friday, September = 06, 2002=20 10:55 AM
> Subject: [CANSLIM] Buy Stop Limit=20 orders?
>
>
> > I am curious (yellow) -- sorry, = bad=20 joke that will be undersood only by
> > those of a certain = age, if=20 no one "gets" it I will explain, if asked --
> >
> = >=20 anyway, back to the subject -- whether people here have used buy=20 stop
> > limit orders to trigger a purchase if the price of = a stock=20 rises above
> > the limit price. You would need to use this = with=20 some sort of manual or
> > automatic scan for increased = volume to=20 make a good buy on a breakout,
> > but given the volume, = seems like=20 a buy stop limit order would help one
> > buy at the pivot = point.=20 Or not?
> >
> > Thanks,
> > = Warren
>=20 >
> >
> > -
> > -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
> > -In the email body, = write=20 "subscribe canslim" or
> > -"unsubscribe canslim".  Do = not use=20 quotes in your email.
>
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> -In = the email=20 body, write "subscribe canslim" or
> -"unsubscribe = canslim".  Do=20 not use quotes in your email.
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email body,=20 write "subscribe canslim" or
-"unsubscribe canslim".  Do not = use=20 quotes in your email.
------=_NextPart_000_00CB_01C2570A.E3157940-- - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] VMF Date: 08 Sep 2002 07:52:48 -0400 Norman, I think looking at a fund's NAV on anything less than a weekly chart will only confuse you. In this case, it is a well managed bond fund, working much like a money market, some higher risk, but better yield (currently 5.7%). It has been remarkably stable on NAV for many years. It is also a closed end fund, trading AMEX, which means theoretically it trades like a stock. Because of the low daily volume, however, it is likely to have a sizable spread between the bid and ask, and be very sensitive to any volume at all. Because it is not only a municipal (tax free) bond fund, but also only holds Massachusetts bonds, it will have its greatest appeal to high income taxpayers of MA. As long as rates remain stable, or fall further, funds like this may continue doing well. I do note that it has been trading over NAV quite a lot, so people are willing to pay a premium for it. ----- Original Message ----- Sent: Saturday, September 07, 2002 7:37 PM OK, OK, must have been my keyboard getting revenge on me. Try VMV:-) Norm ----- Original Message ----- Sent: Saturday, September 07, 2002 6:19 PM > What is going on with this action? Seems to do the "tails up" thing an > awful (pun intended) lot. > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ------------------------------------------------------------------------------- From: "Katherine Malm" Subject: Re: [CANSLIM] Wedging example: CECO Date: 08 Sep 2002 08:20:35 -0500 This is a multi-part message in MIME format. ------=_NextPart_000_06FD_01C25710.9AF33AC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable May as well add this to the reply, from today's "Ask Bill" Column: =20 Question: What determines whether a handle is sloping up or down, = the highs or lows of the handle? =20 - Submitted from Chicago, Ill. =20 =20 Answer: Ideally, the handle should drift downward along both its = high and lows points. If the lows drift downward while the highs are = basically flat, that's not necessarily a bad thing, although it's = something to treat cautiously. If the lows drift downward but the highs = drift up, this could indicate looseness in the handle, which is not = constructive action. These are just general observations about how a = handle should look like. The most important thing to avoid is a handle = that consistently drifts upward along its price lows. These patterns = have a much higher probability of failing when the stock breaks out.=20 =20 ----- Original Message -----=20 Sent: Thursday, September 05, 2002 9:37 AM | Hi Kelly, |=20 | For the most part, the action on the right side of CECO's "V" cup was | wedging, just as you noted. You had to pick the toughest chart in the | *universe* though.... Prior to that sudden V-cup, the basing action = was | actually constructive. Since then, it's pretty much a nightmare of = activity | and very difficult to read. The first area you marked as a pivot is = iffy for | 2 reasons. First, the base, having been so deep, has to be at least 6 = weeks | in length to be valid. That means the earliest a valid pivot could = form | would be about 8/2. You can see the action there is a little suspect, | forming a sloppy handle at best. In the handle itself, you actually = want to | see volume dry up, but the problem is that this stock took a big = plunge at | the start of the handle. One could certainly argue that the handle = "moved | sideways" but I'd be disinclined to do so because of the wedging = action to | get there. That, combined with a very low volume breakout attempt on = 8/15 | just seals the deal...this stock didn't want to go *anywhere.* I'll = bet the | strong action in the group has had more to do with it's ability to = hang in | there than anything else. I wouldn't, as a result look at the high = 8/16 as a | "pivot" but instead a pull back into the base. The only thing that can = save | CECO at this point is a nice tight sideways consolidation on quiet = volume. | If it can do that, then I'd say it's ready to move on. If it stays = wide and | loose as it's been, then hasta la vista baby. |=20 | Katherine | ----- Original Message ----- | From: "Kelly Short" | To: | Sent: Wednesday, September 04, 2002 8:34 PM | Subject: [CANSLIM] Wedging example: CECO |=20 |=20 | | Katherine, | | | | To continue your point on wedging- would this stock be an example of | wedging | | action? | | | | http://www.kellyrshort.com/canslim/CECOwedgeexample.gif | | | | Kelly | | | | - | | -To subscribe/unsubscribe, email "majordomo@xmission.com" | | -In the email body, write "subscribe canslim" or | | -"unsubscribe canslim". Do not use quotes in your email. |=20 ------=_NextPart_000_06FD_01C25710.9AF33AC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
May as well add this to the reply, from today's "Ask Bill" = Column:
 
 Question: What determines = whether a handle=20 is sloping up or down, the highs or lows of the handle?    
- Submitted from=20 Chicago, Ill.  
 
This list is in no way intended to recommend any = stocks to=20 the group. It is a part of my regular assessment of the health of = CANSLIM's "M"=20 and, as the name implies, only intended to identify some stocks with=20 constructive chart patterns that may be worth WATCHING and learning from (and of = course doing=20 your own due diligence). I am employed = in=20 Operations by a US Broker Dealer, however everything presented by me is = strictly=20 my own ideas and in no way should be taken to reflect the views or = opinions of=20 my employer.
 
I typically list stocks with both RS and EPS = ranking of 80=20 or better, and try to exclude stocks undergoing any merger / acquisition = /=20 buyout scenario. I no longer will actively = consider earnings=20 forecast for this year and next due the confusing data presented by DGO. = I do no=20 other due diligence, that is your responsibility. I will note any = CANSLIM=20 patterns I see, such as c&h, double (or triple) bottoms, or flat = bases=20 (shown as Bx where "x" is the # of weeks, IMO). I will also note LLUR = (Lower=20 Left Upper Right) even though it is not exactly a CANSLIM = pattern.
 
The population of stocks I am reviewing this = weekend (in=20 20 seconds or less each) is once again on the decline.
 
APOL - channeling
BRKL - c&h
ERES - LLUR turned into a double bottom, handle forming
FBP - B4
FNFG - B3
FVB - high handle
GGC  - triple bottom, volume needs to decline in the = handle
HBHC - LLUR
IBCP - poor c&h
IBKC - B5
NYCB - high handle
OSIS - small c&h below the high, EPS only 73
PORT - B6
SSNC - long consolidation, in my VR Fund
TRBS - B5
TTWO - b/o failed on over 4X ADV
WCNX - possible c&h
WM - B4
YDNT - possible c&h